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260218.mbx T R O U B L E D C O M P A N Y R E P O R T E R Wednesday, February 18, 2026, Vol. 30, No. 49 Headlines 224 WASHINGTON: Involuntary Chapter 11 Case Summary 25 CUMMINGS REALTY: Trigild's Chris Neilson Appointed as Receiver 2531 HEIDI CT: Case Summary & Two Unsecured Creditors 590-600 ONE REALTY: Voluntary Chapter 11 Case Summary 6839 SUNNYVALE: Voluntary Chapter 11 Case Summary 805 MAIN: Court OKs Cambridge Property Sale to Highest Bid 84 ENERGY: Court OKs Disbursal of Funds to Pay Certain Vendors 960 MANAGEMENT: Gets Interim OK to Use Cash Collateral A-1 GRADING: Case Summary & 20 Largest Unsecured Creditors ACEVEDO MEDICAL: Hires C. Conde & Associates as Legal Counsel ADAVEN PLUMBING: Brian Shapiro Named Subchapter V Trustee ADULT HOME: Gets Interim OK to Use Cash Collateral AFFINITY INTERACTIVE: Moody's Cuts CFR & First Lien Notes to Caa3 AGDP HOLDING: Court Confirms Joint Chapter 11 Plan of Liquidation AKTIVATE INC: Seeks to Hire PW Advisors LLC as Accountant AMERICA'S GARDENING: Greenes Fence Steps Down as Committee Member ARM VENTURES: Seeks to Extend Plan Exclusivity to March 30 ASOCIACION HOSPITAL: Gets Extension to Access Cash Collateral ATTACHMENTS KING: Seeks Chapter 7 Bankruptcy in California ATTENTION TO DETAIL: Seeks Chapter 7 Bankruptcy in Maryland AVENGER FLIGHT: Cleared to Tap $8MM DIP to Forward Ch.11 Asset Sale AVENGER FLIGHT: Proskauer & Landis Rath Advise Ad Hoc 1L Lenders AXE CAPITAL: Case Summary & Five Unsecured Creditors AZHAR CHAUDHARY: Tom Howley Named Subchapter V Trustee BASIC 24 HOUR: Case Summary & Nine Unsecured Creditors BIG BRUNOS: Gets Interim OK to Use Cash Collateral Until March 12 BOY SCOUTS: Abuse Claimants Hire Dechert in Slater Slater Row BRIAN GOLDMAN: Commences Chapter 7 Bankruptcy in California BRO BIZ: Mark Sharf Named Subchapter V Trustee BUILT LLC: Gets Final OK to Use Cash Collateral BURNETT ENTERTAINMENT: Case Summary & Five Unsecured Creditors BURNETT ENTERTAINMENT: Kathleen DiSanto Named Subchapter V Trustee BUSINESS DEVELOPMENT: Moody's Affirms 'B1' Deposit Ratings CARBON HEALTH: Court OKs Bid Rules for Medical Service Biz Sale CAROLINA FITNESS: Court Extends Cash Collateral Access to March 14 CEDAR HAVEN: U.S. Trustee Unable to Appoint Committee CENTRAL FLORIDA: Gets Extension to Access Cash Collateral CHATEAU CREOLE: Trustee Can Substitute as Plaintiff in Starr Case CHERISHED LAND: Updates Restructuring Plan Disclosures CHEROKEE HOLDINGS: Taps Memory Memory & Causby as Legal Counsel CHRYSALIS HEALTHCARE: Gets Interim OK to Use Cash Collateral CITY MASSAGE: Gets Final Court Nod to Use Cash Collateral COATE ENGINEERING: Case Summary & 20 Largest Unsecured Creditors COBEL TECHNOLOGIES: Commences Chapter 7 Bankruptcy in California COLD SPRING: Files Amendment to Disclosure Statement COMPLEMAR PARTNERS: Gets Extension to Access Cash Collateral COMPLETE FLASHINGS: Seeks Chapter 7 Bankruptcy in Illinois DIVISION 2: Court Extends Cash Collateral Access to July 31 DOMAIN HOMESHARING: Commences Chapter 7 Bankruptcy in Ilinois DP LOUISIANA: Court Extends Cash Collateral Access to March 4 DR LAWRENCE: Seeks Chapter 7 Bankruptcy in California ECOM AUTHORITY: Plan Exclusivity Period Extended to May 1 ENCOMPASS ENTERPRISES: August 10 Governmental Claims Bar Date ESCAMBIA OPERATING: Court Converts Bankruptcy Case to Chapter 7 FRIENDS OF ROOSEVELT: Moody's Lowers Revenue Bonds Rating to Ba1 GAS POS: Gets Interim OK to Use Cash Collateral Until Feb. 25 GILBERT LEGGETT: Court Extends Cash Collateral Access to Feb. 28 GLENWOOD CAVERNS: Case Summary & 18 Unsecured Creditors GOOD CITIZEN: Claims to be Paid from Property Sale Proceeds GST INC: Unsecured Creditors Will Get 1.5% of Claims in Plan HANNON ENTERPRISE: Gets Interim OK to Use Cash Collateral HILLENBRAND INC: Moody's Cuts CFR to B2 & Sr. Unsecured Notes to B3 HILLSIDE APARTMENTS: Gets Interim OK to Use Cash Collateral HOMEMAKERS REAL ESTATE: Tamamoi Wins Automatic Stay Relief HOOSIER HEALTH: Seeks Chapter 7 Bankruptcy in Indiana HOREJS ENTERPRISES: Commences Chapter 7 Bankruptcy in Illinois HRZN INC: Unsecureds Will Get 26.70% of Claims over 5 Years I & A AUTOMOTIVE: Patricia Fugee Named Subchapter V Trustee IMH DALLAS: U.S. Trustee Unable to Appoint Committee JILL'S OFFICE: Court Confirms Third Amended Subchapter V Plan JOSEPH & JUANITA: Case Summary & Seven Unsecured Creditors KARLINGTON TWO: Jolene Wee Named Subchapter V Trustee KEN'S BAR-B-QUE: Jerrett McConnell Named Subchapter V Trustee KKHR CONSTRUCCIONES: Taps Monge Robertin as Restructuring Advisors LADIES AND LUGGAGE: Seeks Chapter 7 Bankruptcy in Georgia LEGACY LOFT: Case Summary & One Unsecured Creditor LEISURE INVESTMENTS: Former CEO Arrested in Cancun LEO CHULIYA: Amends Unsecured Claims Pay Details LEVEL ONE: Case Summary & 16 Unsecured Creditors LISBON VISTA: U.S. Trustee Unable to Appoint Committee LIVING IT: Commences Chapter 7 Bankruptcy in Georgia M&B SERVICES: Court Extends Cash Collateral Access to March 25 MAR & MAR: Seeks to Hire Accounting Forward LLC as Bookkeeper MAR & MAR: Seeks to Hire S. E. Cowen Law as Bankruptcy Counsel MAYFIELD MEDICAL: Gets Interim OK to Use Cash Collateral MICHAEL & COMPANY: Seeks Chapter 7 Bankruptcy in California MILLS PAINTING: Seeks Chapter 7 Bankruptcy in Indiana MISSION SELF-STORAGE: Unsecureds to Split $30K over 60 Months MJS MATERIALS: Gets OK to Use Cash Collateral Until March 31 MY CAR WASH: U.S. Trustee Unable to Appoint Committee NAZLINDAAHMAD LLC: Case Summary & Three Unsecured Creditors NEELY MOTORSPORTS: Gets OK to Use Cash Collateral NEWKIRK LOGISTICS: Scott Seidel Named Subchapter V Trustee NOR CAL DESIGN: Seeks Chapter 11 Bankruptcy in California NORTH COUNTRY: Medical Equipment Sale to El Rio Health OK'd OHIO LUXURY: Frederic Schwieg Named Subchapter V Trustee PARTNERS PHARMACY: SSG Served as Investment Banker in Asset Sale PELICAN PROS: Greta Brouphy Named Subchapter V Trustee PLATINUM WEALTH: Case Summary & Nine Unsecured Creditors PLATINUM WEALTH: Daniel Etlinger Named Subchapter V Trustee PROAMPAC PG: Moody's Affirms 'B3' CFR & Alters Outlook to Stable PURSE LADIES: L. Todd Budgen Named Subchapter V Trustee PUSHPA INTERNATIONAL: Gets Final OK to Use Cash Collateral R&R TRANSPORT: Gets OK to Use Cash Collateral REALTY-BUY-DESIGN: Voluntary Chapter 11 Case Summary RED RIVER: J&J Ordered to Pay $250K in 2nd Philadelphia Talc Trial RENEE'S FAMILY: Seeks Chapter 7 Bankruptcy in Indiana RINCHEM COMPANY: Moody's Withdraws 'Ca' Corporate Family Rating RYAN HOHMAN: Court Confirms Plan of Reorganization SAILORMEN INC: U.S. Trustee Appoints Creditors' Committee SAKS GLOBAL: Gets OK to Start Closing Process of 9 Flagship Stores SCHMIDT METAL: Seeks Chapter 7 Bankruptcy in California SJW AUTOMOTIVE: Case Summary & 19 Unsecured Creditors SJW AUTOMOTIVE: Stanley Bond Named Subchapter V Trustee SOUTHLAND MANUFACTURING: Leon Jones Named Subchapter V Trustee SPECIALTY CARTRIDGE: Court Confirms Chapter 11 Plan SPOKANE INDUSTRIES: U.S. Trustee Unable to Appoint Committee STG LOGISTICS: Gets OK for Chapter 11 Loan Despite Lender Row STRIPE A LOT: Gets Final OK to Use Cash Collateral SUMMIT ACCESS: Section 341(a) Meeting of Creditors on March 6 SUMMIT COLLECTIVE: Gets Final OK to Use Cash Collateral TAWR PROPERTY: 19 Affiliates' Case Summary & Unsecured Creditors TAYLOR CHIP: Closes Philly Stores Abruptly Prior to Chap. 11 Filing TBN MURRAY FAM: Case Summary & 14 Unsecured Creditors TERRA DOLCI: Unsecured Creditors to Split $20K in Plan THRIVE COMMERCE: Holly Miller Named Subchapter V Trustee TRI COUNTY IL: Seeks Chapter 7 Bankruptcy in Illinois TRIMONT ENERGY GIB: Gets Extension to Access Cash Collateral TRIMONT ENERGY LIMITED: Gets Extension to Access Cash Collateral TRIMONT ENERGY NOW: Gets Extension to Access Cash Collateral TWIN BROS PAVING: Seeks Chapter 7 Bankruptcy in Illinois UNITED RENTALS: Moody's Affirms 'Ba1' CFR, Outlook Remains Stable VANDERBILT MINERALS: Seeks to Sell Mineral Distribution at Auction VENETIAN NAIL: Gets Final Court Nod to Use Cash Collateral VENETIAN NAIL: Unsecureds to Split $30K over 60 Months WHITNEY OIL & GAS: Gets Extension to Access Cash Collateral [] Fitch Affirms Ratings of Six North American Midstream Companies [] Fitch Affirms Ratings on 4 NA Oil & Gas Production Companies [] Fitch Affirms Ratings on Seven NA Consumer Products Companies ********* 224 WASHINGTON: Involuntary Chapter 11 Case Summary --------------------------------------------------- Alleged Debtor: 224 Washington Street LLC 1466 Hooper Ave Suite 01 Toms River NJ 08755 Involuntary Chapter 11 Petition Date: February 12, 2026 Court: United States Bankruptcy Court District of New Jersey Case No.: 26-11608 Judge: Hon. Christine M Gravelle Petitioner's Counsel: None A full-text copy of the Involuntary Petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/NQQEOEA/224_Washignton_Street_LLC__njbke-26-11608__0001.0.pdf?mcid=tGE4TAMA Alleged creditor who signed the petition: Petitioner Nature of Claim Claim Amount Joel Friedman Loan by Confession $283,977 101 Lacey Rd Whiting NJ 08759 25 CUMMINGS REALTY: Trigild's Chris Neilson Appointed as Receiver ----------------------------------------------------------------- The Hon. Analisa Torres of the U.S. District Court for the Southern District of New York entered an agreed order directing the appointment of Chris Neilson of Trigild IVL, LLC, as receiver for 25 Cummings Realty LLC. The receiver may be reached at: Chris Neilson Trigild IVL, LLC 24 Church Street Montclair, NJ 07042 CFSP 2024-AHP1 25 Cumming Street LLC requested the appointment of a receiver. CFSP 2024-AHP1 25 Cumming Street LLC, acting by and through Berkeley Point Capital LLC d/b/a Newmark, as Special Servicer under a Pooling and Servicing Agreement dated as of December 30, 2024, filed a motion for the appointment of a receiver and injunctive relief brought on by emergency order to show cause dated July 9, 2025, Plaintiff's Memorandum of Law in Support, the Declaration of Edward Barrett dated July 7, 2025, and the Emergency Declaration of Richard J. Galati, Jr., dated July 9, 2025, and the Declaration of Chris Neilson dated July 7 2025, as well as the Corrected Verified Complaint filed on May 19, 2025. Upon review of the Motion and the Complaint, the Court finds that: 1. the Complaint against the defendant and Motion demonstrate grounds for the appointment of a receiver of Borrower's assets of certain real property and improvements located at 25/35 Cumming Street a/k/a 35/41 Seaman Avenue, New York, NY 10034, and Block 2237, Lot 23 on the tax map of the Borough of Manhattan and the County, City, and State of New York. 2. the Borrower received notice of this Motion; and 3. the Borrower is in default of its obligations under the Loan and the Loan Documents. The Court ruled that: 1. The Receiver shall take immediate possession of, hold, secure, take charge of, preserve and protect, to the exclusion of all others, the following assets and property of the Borrower, all as more particularly defined in that certain Consolidation, Modification and Extension Agreement dated as of December 29, 2015, the Mortgage, Assignment of Leases and Rents, and Security Agreement dated as of January 24, 2022 and the other Loan Documents entered into by and between Borrower and New York Community Bank, a New York banking corporation ("Original Lender"), Plaintiff's predecessor-in-interest, evidencing and relating to a loan in the original principal amount of $7,990,000.00 made by Original Lender to Borrower certain Amended and Restated Mortgage Note dated as of January 24, 2022 and other documents described as: a. The Property; b. All documents, ledgers, journals, reports, instruments, agreements, security and access codes, combinations, current list of tenants, information and materials in Borrower’s and/or its agents' possession or control relating to the ownership, maintenance, repair, replacement, improvement, management, leasing, insuring, financing, operation, preservation and protection of the Borrower's Assets, including, without limitation, all service agreements, contracts, licenses, permits, floor plans, space plans, specifications, surveys, maps, and drawings of the Property, access codes, combinations, passwords with respect the Property, maintenance and testing records with respect to mechanical systems, fire life safety systems, plumbing systems, or other systems for which Borrower has had maintenance or repair obligations within the two (2) years immediately preceding the date of this Order c. All checking, savings, depository, payroll, vendor, petty cash, or other accounts relating to the Property except for the ones directly held or actually controlled by Plaintiff; d. All rents, payments, revenues, refunds, and other income from, relating to, or derived from the Property; e. All security, utility, prepayments, and other deposits received by Borrower and/or its agents and any deposits made by Borrower to any lessor, utility provider or other service provider f. The originals of all leases, subleases, licenses, franchise agreements, tenant notices, lease amendments, side agreements, easement agreements, vehicle titles, and any other agreements in possession or control of Borrower 2. Receiver is empowered to continue the management, operation, and maintenance of the Property as set forth herein and shall exercise all powers necessary to facilitate the operation of the Property and to enforce any rights 3. Receiver is authorized to enforce any rights and remedies against any such property management firms, at law or in equity, either in its own name or as though the Receiver were standing in the place of Borrower. 4. The Receiver is authorized and directed to take possession of and hold, retain, preserve, protect, use, operate, maintain and manage Borrower's Assets, including the Property, to receive all Project Income and Project Deposits, and to execute any documents, instruments and agreements to allow the Receiver to take possession of and control and to draw checks on any Project Accounts. All such documents shall be submitted to the Receiver within five (5) business days of the date of this Order. 5. All funds in any account maintained by the Receiver pursuant to this Order shall remain collateral for the Loan pursuant to the Loan Documents and shall be paid to Plaintiff upon the earliest to occur of: a. the consummation of the foreclosure and sale, or acceptance of a deed-in-lieu of foreclosure, of the Property; b. the entry of a Court Order terminating the receivership created by this Order; or c. upon further Court Order. 6. All banks, brokerage firms, financial institutions, and other persons or entities that have possession, custody, or control of any assets or funds held in Borrower's name or for Borrower's benefit, either directly or indirectly, that receive actual notice of this Order by personal service, facsimile transmission, electronic mail, or otherwise shall: a. Not liquidate, transfer, sell, convey, or otherwise transfer any assets, securities, funds, or accounts in Borrower's name or for Borrower's benefit except upon instructions from the Receiver b. Not exercise any form of set-off, alleged set-off, lien, or any form of self-help c. Within five (5) business days of receipt of actual notice of this Order, deliver to the Receiver and/or Plaintiff's counsel a certified statement setting forth in writing to each such account or other asset held in Borrower’s name or for Borrower's benefit 7. The Receiver shall request that all utility companies and other providers of utility services, including, without limitation, electricity, gas, water, sewage, garbage, television/cable, and telephone, shall not discontinue any services being provided to the Property. 8. The Receiver is authorized and directed to demand, collect and receive from all tenants, lessees, subtenants, sublessees, licensees, occupants or other users of all or any part of the Property under current Leases, and all other person or persons liable therefore, all rents and other amounts and consideration now due and unpaid thereunder or hereafter to become fixed or due thereunder. 9. The Receiver is authorized and directed to make, cancel, terminate, enforce, or modify contracts, leases, or licenses as they relate to the Property and to lease, rent, and license the Property on such terms and conditions as may be approved in writing by Plaintiff. 10. The Receiver is authorized and directed to use the Project Income and all other funds and monies coming into the Receiver's hands pursuant to this Order. 11. The Receiver is authorized to use the tax identification number of Borrower with respect to the Property for any lawful purpose. 12. Subject to Plaintiff's written consent, the Receiver is authorized to engage any accountants and attorneys, as needed in the reasonable discretion of the Receiver, to advise the Receiver about financial and legal matters relating to Borrower's Assets, to prepare financial statements and reports required under this Order, to initiate, carry on, and maintain such actions, suits and proceedings for and on behalf of the Receiver as may be necessary for the Receiver to carry out its duties and responsibilities under this Order and as otherwise may be reasonably required by the Receiver. 13. Within 10 business days after the date of this Order, the Receiver is authorized and directed to procure and maintain in full force and effect, and to pay the premiums for, insurance policies relating to the Property with such types of coverages, in such amounts and issued by such companies as are specified in the Loan Documents. 14. Borrower and its agents shall promptly provide their tax identification numbers and any other information requested by the Receiver in order to carry out the Receiver's duties under this Order. 15. The Borrower Parties, and all persons and entities acting in concert with any of them, shall: a. promptly deliver to the Receiver any mail, notices, and other written communications and shall promptly notify the Receiver of any oral notices or communications in any way relating to the Property or the other Borrower's Assets which are received by such party on and after the date of this Order; and b. cooperate, in good faith and with due diligence, with the Receiver in, among other things, transferring utilities and other services provided to the Property out of the Borrower's name and into that of the Receiver (if the Receiver so requests), and carrying out such other terms and purposes of this Order, and if and when requested by the Receiver shall acknowledge and confirm to persons or entities designated by the Receiver the authority of the Receiver under this Order to take possession of, hold, secure, take charge of, manage, lease, operate, preserve and protect the Property and the other Borrower's Assets, specifically including, without limitation, the Project Income, the Project Accounts and the Project Deposits. 16. The Receiver is authorized to pay all current and past due Real Property Taxes, including, without limitation, real estate taxes, personal property taxes, and any other taxes and assessments against the Property. 17. Plaintiff shall notify the Receiver of any such sale or other exercise of Plaintiff's rights and/or remedies, and the Receiver shall cooperate with Plaintiff in the consummation of any such action or actions, including, without limitation, execution of such deeds, bills of sale and other documents, instruments, and agreements provided that none of such documents, instruments or agreements subject the Receiver to any personal liability. 18. The receivership estate shall indemnify and hold harmless Receiver, its employees, attorneys, management companies, contractors, or control persons from any claims made by persons not a party to this Order, which claims are related to or arise out of the operation of this receivership, except in the case where Receiver or its employees, attorneys, management companies, contractors or control persons have committed fraud, gross negligence or willful misconduct or acted beyond the scope of the receivership authority. 19. This Court expressly retains continuing jurisdiction over this receivership until after the rendition of the final report by the Receiver and the entry of an order discharging the Receiver. Without limiting the foregoing, Plaintiff and the Receiver have the right to seek the termination of the Receiver upon written request to the Court, without filing a motion, which shall be effective when so ordered by the Court. 20. The Receiver shall be sworn to fairly and faithfully discharge the duties committed to him and shall execute to the People of the State of New York and file with the Clerk of the Court an undertaking for $25,000.00 conditioned for the faithful discharge of the duties of Temporary Receiver. 21. This Court shall retain jurisdiction over any action filed against the Receiver or Retained Personnel based upon acts or omissions committed in their representative capacities regarding Borrower's Assets. 22. Upon receipt of notice that a bankruptcy has been filed, which includes as part of the bankruptcy estate any property which is the subject of this Order, the Receiver shall comply with the turnover provisions of the Bankruptcy Code unless compliance is excused. About 25 Cummings Realty LLC 25 Cummings Realty LLC is a limited liability company that owns the property located at 25/35 Cumming Street, a/k/a 35/41 Seaman Avenue, New York, New York 10034, and described as Block 2237, Lot 23 on the tax map of the Borough of Manhattan and the County, City, and State of New York. 25 Cummings is facing a receivership case captioned as CFSP 2024-AHP1 25 Cumming Street LLC v. 25 Cummings Realty LLC, Case No. 1:25-cv-04078 (S.D.N.Y.), before the Hon. Analisa Torres. The case was filed on May 15, 2025. Defendant 25 Cummings Realty LLC is represented by: Matthew Ethan Hearle, Esq. Goldberg Weprin Finkel Goldstein, LLP Tel: 212-221-5700 E-mail: mhearle@gwfglaw.com Plaintiff CFSP 2024-AHP1 25 Cumming Street LLC is represented by: Richard John Galati, Jr., Esq. Alston & Bird LLP Tel: 212-210-9419 E-mail: richard.galati@alston.com 2531 HEIDI CT: Case Summary & Two Unsecured Creditors ----------------------------------------------------- Debtor: 2531 Heidi Ct. LLC 120 Vantis Drive, Ste 300 Aliso Viejo, CA 92656 Business Description: 2531 Heidi Ct. LLC is a single-asset real estate company that owns a residential property located at 2531 Heidi Court El Sobrante, CA 94803. Chapter 11 Petition Date: February 3, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-10330 Judge: Hon. Scott C Clarkson Debtor's Counsel: Christopher J. Langley, Esq. SHIODA LANGLEY & CHANG LLP 1063 E. Las Tunas Dr. San Gabriel, CA 91776 Tel: 951-383-3388 Fax: 877-483-4434 Email: chris@slclawoffice.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Derik Lewis as trustee. A full-text copy of the petition, which includes a list of the Debtor's two unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/PGR4UWI/2531_Heidi_Ct_LLC__cacbke-26-10330__0001.0.pdf?mcid=tGE4TAMA 590-600 ONE REALTY: Voluntary Chapter 11 Case Summary ----------------------------------------------------- Debtor: 590-600 One Realty Corp. 71-05 and 71-15 37th Ave Jackson Heights, NY 11372 Business Description: 590-600 One Realty Corp. owns and operates two multi-family residential apartment buildings at 71-05 and 71-15 37th Avenue in Jackson Heights, New York, comprising a total of 106 units. The properties do not include retail or commercial space. Chapter 11 Petition Date: February 13, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-40722 Debtor's Counsel: Kevin Nash, Esq. GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP 125 Park Ave New York, NY 10017-5690 E-mail: knash@gwfglaw.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Karan Singh as vice president and treasurer. A list of the Debtor's 20 largest unsecured creditors was not provided alongside the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/7VDPMCA/590-600_One_Realty_Corp__nyebke-26-40722__0001.0.pdf?mcid=tGE4TAMA 6839 SUNNYVALE: Voluntary Chapter 11 Case Summary ------------------------------------------------- Debtor: 6839 Sunnyvale, LLC 6839 East Sunnyvale Road Paradise Valley, AZ 85253 Business Description: 6839 Sunnyvale, LLC owns a residential property in Paradise Valley, Arizona, valued by the Debtor at approximately $5.5 million. Chapter 11 Petition Date: February 13, 2026 Court: United States Bankruptcy Court District of Arizona Case No.: 26-01336 Judge: Hon. Brenda K Martin Debtor's Counsel: Allan D. NewDelman, Esq. ALLAN D. NEWDELMAN, P.C. 80 East Columbus Avenue Phoenix, AZ 85012 Tel: 602-264-4550 Fax: 602-277-0144 Email: anewdelman@adnlaw.net Total Assets: $5,500,000 Total Liabilities: $5,265,906 The petition was signed by Trond Hegle as managing member. The Debtor has confirmed in the petition that it has no unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/I6TG3CA/6839_SUNNYVALE_LLC__azbke-26-01336__0001.0.pdf?mcid=tGE4TAMA 805 MAIN: Court OKs Cambridge Property Sale to Highest Bid ---------------------------------------------------------- The U.S. Bankruptcy Court for the District of Massachusetts has permitted 805 Main Street LLC to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is a Massachusetts limited liability company formed on February 18, 2019. The Debtor conducts business in Cambridge, Massachusetts where it owns real property. The Debtor seeks authority to sell its right, title, and interest in and to that certain parcel of land, with any and all buildings and improvements existing, located in Cambridge, Massachusetts, commonly known and numbered as 781-783 Main Street, Cambridge, MA 02139 (Property), together with the appurtenant interests described in the purchase and sale agreement. The Court has authorized the Debtor to sell the Property subject to higher offers. Any competing bid shall include a signed agreement and deposit. The signed agreement shall show all changes proposed the sale agreement attached to the sale motion, which shall be made available in word to prospective bidders. The Debtor has submitted a proposed notice of sale that the Court will review and issue with any necessary changes. About 805 Main Street LLC 805 Main Street LLC is a limited liability company. 805 Main Street LLC filed for Chapter 11 relief on November 19, 2025, under Case No. 25-12511 in the District of Massachusetts. The filing shows estimated assets of $1 million to $10 million and estimated liabilities within the same range. Honorable Judge Christopher J. Panos oversees the case. The Debtor is represented by Peter N. Tamposi, Esq. of The Tamposi Law Group. 84 ENERGY: Court OKs Disbursal of Funds to Pay Certain Vendors -------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas granted the Expedited Motion to Approve the Disbursal of Funds to Pay Certain Uncontested Third-Party Vendors and Related Relief filed by Plaintiffs Andrew Kollaer, MPC 84 I, LLC, and Kolcap, LLC, MPC as the sole member and derivatively on behalf of 84 Energy Resources I, LLC ("ER"), and Kolcap as a member of 84 Resources Holdings, LLC ("RH") and derivatively on behalf of RH. On November 26, 2025, Plaintiffs removed certain state court litigation against the Debtor and the other named parties to this Court, which has been assigned adversary proceeding number 25-03836. The Court held hearings during the week of December 1, 2025 on the Plaintiffs' request for a restraining order against the Debtor and the other named defendants. At the conclusion of such hearings, the Court entered its Temporary Restraining Order on December 5, 2025 (the "TRO"). The Debtor filed its 84 Energy, LLC's Notice of Outstanding Fees and Unreimbursed Expenses on December 12, 2025 asserting certain alleged unpaid claims. The Court entered its Order Granting Plaintiffs' Verified Application for Injunctive Relief on December 29, 2025 (the "Temporary Injunction"). The Temporary Injunction provides, inter alia, that the TRO is expired and of no force or effect. The Court finds that good cause exists to grant the relief herein. Accordingly, to the extent not previously paid, the Debtor is authorized and instructed to use all of the funds in the ER so-called "cost account" at Amegy Bank ending in account no. 3456 to pay the specific vendors. After various reconciliations of revenue and expenses by and between the Debtor and RH in December 2025 in the ordinary course of business, the Debtor and RH agreed that on or about December 18, 2025 funds were transferred to the RH "cost account" for the express purpose of paying, inter alia, certain vendors in the total amount of $259,719.44. The Debtor is (and was hereby) authorized to solely use the funds transferred by RH to pay the vendors. ER and Archrock Services, L.P. agree that the amount owing to Archrock through January 2026 is $426,505.00. The debt will be satisfied by ER making or causing to be made the following payments: a. The sum of $206,108 (representing four months invoices of $60,620.00 for the months of June 2025 – July 2025 and September 2025 - October 2025 x 85%) will be paid by February 23, 2026. b. The sum of $156,421.25(representing three months invoices of $60,620.00 for the months of November 2025 – December 2025 and $62,785.00 for the month of January 2026 x 85%) will be satisfied as follows: Six monthly installments of $26,070.21 commencing on March 31, 2026 and on the last day of each of the five subsequent months. c. Upon payment of each of the amounts set forth above, the amounts owing to Archrock for the period of January 2026 and prior shall be fully paid, satisfied and released. d. ER will make or cause to be made the February and March 2026 normal monthly payments totaling $125,570.00 to Archrock on or before March 31, 2026. e. Subsequent normal monthly payments of $62,785.00 commencing for April 2026 will be paid by ER prior to the date such payments are deemed late per the agreement between the Debtor and Archrock. A copy the Court's Order dated February 11, 2026, is available at https://urlcurt.com/u?l=MJIQE4 from PacerMonitor.com. 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. 960 MANAGEMENT: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ The U.S. Bankruptcy Court for the Southern District of Texas entered an interim order granting 960 Management Investments, LLC approval to use cash collateral. Under the order, the Debtor is authorized to use cash collateral in accordance with an approved budget, with flexibility to exceed individual line items by up to 20% on a cumulative basis, so long as overall expenditures do not exceed the budget by more than 20% and the expenses are incurred in the ordinary course of business. A copy of the Debtor's budget is available at https://shorturl.at/zkz7V from PacerMonitor.com. The Debtor is required to deposit all post-petition revenues into segregated debtor-in-possession accounts, and all previously frozen accounts holding cash collateral are ordered released to permit continued operations. As adequate protection, any creditor holding an allowed secured claim with a perfected pre-petition lien on cash collateral will be granted replacement liens on post-petition accounts receivable, contract rights, and deposit accounts, maintaining the same validity, extent, and priority as pre-petition liens. These liens are subject to a carve-out for court and U.S. Trustee fees, approved Subchapter V Trustee fees, and trustee expenses capped at $15,000. The automatic stay is modified solely to the limited extent necessary to implement the relief granted, including the perfection of replacement liens. The order preserves all rights and defenses of creditors, expressly stating that it does not constitute an admission regarding the validity, priority, or enforceability of any lien or claim. The Debtor's authority to use cash collateral will automatically terminate upon dismissal or conversion of its Chapter 11 case, appointment of a Chapter 11 trustee, expiration of the interim period, confirmation of a plan, or material breach of the order. A final hearing is scheduled for March 4, with objections due by February 25. The interim order is available at https://is.gd/3nAM9v from PacerMonitor.com. About 960 Management Investments LLC 960 Management Investments, LLC owns four residential properties located at 911, 913, 915, and 917 Thompson Street in Houston, Texas, with a combined appraised value of approximately $3.53 million. 960 Management Investments filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Texas Case No. 26-30503) on January 27, 2026, with $3,525,000 in assets and $2,643,750 in liabilities. The petition was signed by Michael Gadagbul, authorized representative of Grace and Son Group LLC, the Debtor's sole managing member. Judge Eduardo V. Rodriguez presides over the case. Elias Yazbeck, Esq., at The Law Office of Elias M. Yazbeck, PLLC represents the Debtor as bankruptcy counsel. A-1 GRADING: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------- Debtor: A-1 Grading, Inc. 1201 Martin Pond Road Wendell, NC 27591 Business Description: A-1 Grading, Inc., founded in 2006, is a North Carolina corporation that provides grading and site preparation services in Raleigh and surrounding areas, including excavation, lot clearing, and related land development work. Chapter 11 Petition Date: February 9, 2026 Court: United States Bankruptcy Court Eastern District of North Carolina Case No.: 26-00593 Judge: Hon. Pamela W Mcafee Debtor's Counsel: Danny Bradford, Esq. PAUL D. BRADFORD, PLLC 455 Swiftside Drive Suite 106 Cary, NC 27518-7198 Tel: (919) 758-8879 Fax: (919) 803-0683 Email: dbradford@bradford-law.com Total Assets: $322,205 Total Liabilities: $2,710,859 The petition was signed by Dwayne Burrell as vice 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/SKEONNA/A-1_Grading_Inc__ncebke-26-00593__0001.0.pdf?mcid=tGE4TAMA ACEVEDO MEDICAL: Hires C. Conde & Associates as Legal Counsel ------------------------------------------------------------- Acevedo Medical Center LLC seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to hire C. Conde & Associates as its legal counsel. The firm will render these services: (a) advise the Debtor with respect to its duties, powers and responsibilities in this case under the laws of the United States and Puerto Rico in which the Debtor conducts operations, does business, or is involved in litigation; (b) advise the Debtor in connection with a determination whether a reorganization is feasible and, if not, help the Debtor in the orderly liquidation of its assets; (c) assist the Debtor with respect to negotiations with creditors for the purpose of arranging the orderly liquidation of assets and proposing a viable plan of reorganization; (d) prepare on behalf of the Debtor the necessary complaints, answers, orders, reports, memoranda of law and any legal papers or documents; (e) appear before the Bankruptcy Court, or any court in which the Debtor asserts a claim interest or defense directly or indirectly related to this bankruptcy case; (f) perform other services as may be required; (g) provide any and all notary services allowed under Notary Law; and (h) employ other professional services, if necessary. The firm will charge these hourly rates: Carmen Conde Torres, Esq. $350 Associates $300 Junior Attorney $275 Legal Assistants $150 Conde received a retainer of $20,000 from the Debtor, plus $1,738 filing fee. Carmen Conde Torres, Esq., disclosed in a court filing that she and other employees of the firm do not represent or hold any interest adverse to the Debtor and its estate. The firm can be reached through: Carmen D. Conde Torres, Esq. C. Conde & Associates 254 San Jose Street, 5th floor Old San Juan, PR 00901 Tel: (787) 729-2900 Fax: (787) 729-2203 Email: condecarmen@condelaw.com About Acevedo Medical Center Acevedo Medical Center LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 26-00406) on February 2, 2026, listing $500,001 to $1 million in both assets and liabilities. Judge Maria De Los Angeles Gonzalez presides over the case. Carmen D. Conde Torres, Esq. at C. Conde & Associates serves as the Debtor's counsel. ADAVEN PLUMBING: Brian Shapiro Named Subchapter V Trustee --------------------------------------------------------- The U.S. Trustee for Region 17 appointed Brian Shapiro as Subchapter V trustee for Adaven Plumbing, Inc. Mr. Shapiro will be paid an hourly fee of $625 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Shapiro declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Brian Shapiro 510 S. 8th Street Las Vegas, NV 89101 Phone: (702) 386-8600 Email: brian@trusteeshapiro.com About Adaven Plumbing Inc. Adaven Plumbing, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 26-10812) on February 9, 2026, with $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. Judge Natalie M. Cox presides over the case. Matthew C. Zirzow, Esq., at Larson and Zirzow, LLC represents the Debtor as legal counsel. ADULT HOME: Gets Interim OK to Use Cash Collateral -------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of California entered an interim order authorizing Adult Home Health Care, LLC to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral in accordance with the revised budget through February 26. The court also authorized the Debtor, on an interim basis, to pay payroll claims owed to non-insider employees that are entitled to priority status under 11 U.S.C. section 507(a)(4). This relief ensures that employee wage obligations can be met while the Debtor's bankruptcy case proceeds. The next hearing is scheduled for February 26. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/CMhBu from PacerMonitor.com. About Adult Home Health Care LLC Adult Home Health Care, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Calif. Case No. 26-00188) on January 23, 2026, listing between $50,001 and $100,000 in assets and between $500,001 and $1 million in liabilities. Judge J. Barrett Marum presides over the case. Donald Reid, Esq., at the Law Office of Donald W. Reid represents the Debtor as bankruptcy counsel. AFFINITY INTERACTIVE: Moody's Cuts CFR & First Lien Notes to Caa3 ----------------------------------------------------------------- Moody's Ratings downgraded the Corporate Family Rating of Affinity Interactive ("Affinity") to Caa3 from Caa1, the Probability of Default Rating to Caa3-PD from Caa1-PD, and the Backed Senior Secured First Lien Notes rating to Caa3 from Caa1. The outlook remains negative. The downgrades reflect Affinity's weak liquidity, driven by sustained lower earnings, which have caused its debt/EBITDA to increase to 15.4x at LTM September 30, 2025 from 12.8x at year-end December 31, 2024. Affinity's interest coverage and profit margin also remain significantly weaker than its gaming peers. The negative outlook reflects Affinity's weak liquidity position and upcoming debt maturity, which heightens the risk of a restructuring. The company's weak profitability and inability to generate free cash flow could also lead to lower expected recoveries. RATINGS RATIONALE Affinity's credit profile (Caa3 negative) reflects the company's weak liquidity, elevated leverage, low interest coverage, and weak EBIT margin, driven by Affinity's declining EBITDA. Its EBITDA continued to decline in the last few years due to increased competition and high operating costs. Affinity remains relatively small, with approximately $277 million in net revenue for the LTM September 30, 2025, which does not provide the company the economies of scale to compete effectively with larger gaming operators in the same markets. As a result, the company's debt/EBITDA increased to 15.4x at LTM September 30, 2025 from 12.8x at year-end December 31, 2024. Its EBIT/interest expense ratio declined to 0.1x from 0.3x over the same period. EBIT margin also decreased to 1.6% from 3.9%. These credit challenges are partially offset by Affinity's geographic diversity with seven properties operating in three states. Affinity's liquidity is weak. The company had approximately $32.7 million of unrestricted cash as of September 30, 2025, but Moody's projects this cash balance to continue to decline due to Affinity's ongoing negative free cash flow. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS A downgrade could result if Affinity restructures, files for bankruptcy, or if recovery estimates deteriorate. An upgrade of Affinity's ratings would require a reduction in the likelihood of default and sustained improvement in operating performance and liquidity such that it would allow Affinity to improve debt/EBITDA and EBIT/interest coverage to more sustainable levels and increase its estimated debt recoveries. Affinity Interactive is a Nevada corporation headquartered in Las Vegas, which owns and operates seven casinos: four located in Nevada, two in Missouri, and one in Iowa. Affinity is a private company wholly-owned by funds managed by affiliates of Z Capital Group LLC, which does not disclose its financial information. Net revenue for the LTM September 30, 2025 was about $277 million. The principal methodology used in these ratings was Gaming 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. AGDP HOLDING: Court Confirms Joint Chapter 11 Plan of Liquidation ----------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Delaware confirmed the Joint Chapter 11 Plan of Liquidation for AGDP Holding Inc. and its affiliated debtors. As shared by the Troubled Company Reporter, AGDP Holding Inc. and its affiliated debtors filed with the U.S. Bankruptcy Court for the District of Delaware a Disclosure Statement describing Joint Plan of Liquidation dated November 3, 2025. The Debtors are a leading live music entertainment operator based in Brooklyn, New York. Over the years of 2018 to 2019, the Debtors expanded their footprint by opening The Great Hall and The Kings Hall, two indoor venues adjacent to The Brooklyn Mirage. Triple P Securities has commenced a formal post-petition marketing process for the Assets by circulating a "teaser" to various prospective strategic, financial and hybrid buyers. The teaser includes a brief description of the Assets and the sale process, and is accompanied by a form non disclosure agreement (an "NDA"). In addition, Triple P Securities has finalized a confidential information memorandum for the Assets, and populated an electronic data room with related diligence information. In connection with the sale process, on August 14, 2025, the Debtors filed a motion seeking approval of bidding procedures (such motion, the "Bidding Procedures Motion"), with a goal of selling the Debtors' business. In connection with the sale process, the Debtors selected the binding bid submitted by AG Acquisition 1, LLC (the "Stalking Horse Bidder"). The Asset Purchase Agreement between certain of the Debtors and the Stalking Horse Bidder (the "Stalking Horse Purchase Agreement") will serve as the baseline for all prospective bidders to negotiate from, and will be subject to higher or otherwise better bids for the Assets. On September 11, 2025 the Bankruptcy Court entered an order granting the relief requested in the Bidding Procedures Motion (the "Bidding Procedures Order"). On October 20, 2025, the TVT Parties filed objections to the Sale to the Stalking Horse Bidder. On October 24, 2025, the Court entered an order authorizing the Sale (the "Sale Order"). The Sale Order included consensual language preserving direct claims or defenses that the TVT Parties may have. The Sale Order also provides that the Purchased Assets shall include accounts receivable only to the extent such accounts receivable are determined to be property of the Debtors' estates. The Sale Order shall not have a preclusive effect on the claims or counterclaims of the TVT Parties. The Sale Order also does not confer standing on any party or person in the TVT Adversary Proceeding. Class 4 consists of all General Unsecured Claims against the Debtors, including any Claim of the Prepetition LiveStyle Secured Parties pursuant to the Prepetition LiveStyle Note. On the Effective Date, or as soon as reasonably practicable thereafter, except to the extent that a Holder of an Allowed General Unsecured Claim and the Debtors (with the consent of the Committee to the extent a resolved Claim exceeds $100,000.00) or the Liquidating Trustee, as applicable, agree to less favorable treatment for such Holder, in full and final satisfaction of the Allowed General Unsecured Claim, each Holder thereof will receive its pro rata share of the Liquidating Trust Distributable Proceeds. Class 4 is Impaired, and Holders of the General Unsecured Claims are entitled to vote to accept or reject the Plan. The allowed unsecured claims total $33.3 million. This Class will receive a distribution of 5.4% to 6.9% of their allowed claims. Class 7 consists of all Interests in the Debtors. On the Effective Date, all Interests shall be canceled, released, and extinguished, and will be of no further force or effect, and Holders of such Interests shall not receive any distributions under the Plan on account of such Interest. Subject in all respects to the provisions of the Plan concerning the Professional Fee Reserve, (i) the Purchaser shall be responsible for payment of all Allowed Claims that constitute Assumed Liabilities, and (b) the Plan Administrator or the Liquidating Trustee (as applicable) shall fund distributions to all other Holders of Allowed Claims under the Plan with Cash on hand on the Effective Date and all other Liquidating Trust Assets. On the Effective Date, pursuant to sections 1141(b) and 1141(c) of the Bankruptcy Code, (1) the Liquidating Trust Assets shall vest in the Liquidating Trust free and clear of all Claims, Liens, encumbrances, charges, and other interests except as otherwise expressly provided in the Plan; and (2) the Plan Administration Assets shall vest in the Post-Effective Date Debtors free and clear of all Claims, Liens, encumbrances, charges, and other interests except as otherwise expressly provided in the Plan. The Disclosure Statement is approved on a final basis as containing adequate information within the meaning of section 1125 of the Bankruptcy Code. A full-text copy of the Disclosure Statement dated November 3, 2025 is available at https://urlcurt.com/u?l=xvMEQF from Kurtzman Carson Consultants, LLC d/b/a Verita Global, claims agent. The Debtors' Counsel: Sean M. Beach, Esq. Edmon L. Morton, Esq. Kenneth J. Enos, Esq. S. Alexander Faris, Esq. Sarah Gawrysiak, Esq. Evan S. Saruk, Esq. YOUNG CONAWAY STARGATT & TAYLOR, LLP 1000 North King Street Rodney Square Wilmington, Delaware 19801 Tel: (302) 571-6600 Fax: (302) 571-1253 Email: sbeach@ycst.com emorton@ycst.com kenos@ycst.com afaris@ycst.com sgawrysiak@ycst.com esaruk@ycst.com All remaining unresolved objections, statements, informal objections, and reservations of rights, if any, related to final approval of the Disclosure Statement, the Plan, or Confirmation are overruled on the merits, with prejudice. The Plan, is approved and confirmed in its entirety pursuant to section 1129 of the Bankruptcy Code. A copy the Court's Findings of Fact and Conclusions of Law dated February 12, 2026, is available at https://urlcurt.com/u?l=YL7fk1 from PacerMonitor.com. About AGDP Holding Inc. AGDP Holding Inc. and its affiliates operate a multi-space entertainment venue complex in North America, hosting large-scale live events such as concerts, festivals, corporate functions, and multimedia shows. The Debtors are known for their advanced audiovisual production capabilities, including a 2022 upgrade featuring one of the world's highest-resolution video walls. AGDP Holding Inc. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-11446) on August 4, 2025. In the petitions signed by Gary Richards, ADGP's chief executive officer, AGDP Holding disclosed up to $100 million in estimated assets and up to $500 million in estimated liabilities. The Honorable Bankruptcy Judge Mary F. Walrath handles the cases. The Debtors tapped Young Conaway Stargatt & Taylor, LLP as counsel; Portage Point Partners' Triple P TRS, LLC as financial advisor; and Triple P Securities, LLC as investment banker. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the Debtors' claims and noticing agent. On August 18, 2025, the United States Trustee for Region 3 appointed an official committee of unsecured creditors in these Chapter 11 cases. The committee tapped Orrick, Herrington & Sutcliffe LLP and Morris James LLP as counsel and IslandDundon LLC as financial advisor. AKTIVATE INC: Seeks to Hire PW Advisors LLC as Accountant --------------------------------------------------------- Aktivate, Inc., doing business as FamX, seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ PW Advisors LLC in ordinary course for its accounting and other services. The Debtor seeks to retain and continue with the services of PW Advisors with respect to tax and accounting, financial reporting, and related services. The hourly rates for PW Advisors range from $100 to $300 an hour for the respective accounting tasks. The Debtor also seeks to pay PW Advisors a flat rate of $12,500 per month as ordinary course comptroller. PW Advisors is "disinterested" within the meaning of Bankruptcy Code section 101(14) (as modified by section 1107(b) of the Bankruptcy Code), according to court filings. The firm can be reached through: Joey Aronbayev PW Advisors, LLC dba Proper Wealth 3233 Thomasville Road Tallahassee, FL 32308 Phone: (850) 972-9725 Website: https://pwadvisors.com About Aktivate Inc. Aktivate, Inc., doing business as FamX, provides a sports and activities management platform primarily for K-12 schools and athletic programs in the US, offering tools for registration, scheduling, communications, fundraising, and fee collection, and digital management of coach certifications and athlete records. Aktivate filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. Case No. 25-46069) on December 19, 2025. In its petition, the Debtor reported assets of $1 million to $10 million and liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. The Debtor is represented by Ian Braunstein, Esq., at Iemer & Braunstein, LLP. AMERICA'S GARDENING: Greenes Fence Steps Down as Committee Member ----------------------------------------------------------------- The U.S. Trustee for Region 3 disclosed in a court filing the resignation of Greenes Fence Company from the official committee of unsecured creditors in the Chapter 11 cases of America's Gardening Resource, Inc. and its affiliates. The remaining members of the committee are: 1. Prides Corner Farms, Inc. Attn: Lisa Preger Sellew, Vice President 122 Waterman Road Lebanon, CT 06249 Phone: 860-468-6004 lsellew@pridescorner.com 2. Jolly Farmer Products US Inc. Attn: Elisabeth Keeler P.O. Box 787 Houlton, ME 04730 Phone: 506-243-1490 elisabeth.keeler@jollyfarmer.com 3. Arett Sales Corp. Attn: Michael Tuterice 9285 Commerce Highway Pennsauken, NJ 08110 Phone: 856-751-1224 mtuterice@arett.com 4. Pleasant View Gardens, Inc. Attn: Matthew Greenberg 7316 Pleasant Street Loudon, NH 03307 Phone: 603-435-1747 mattg@pwpvg.com 5. Overdevest Nurseries, LP Attn: Ryan Overdevest 578 Bowentown Road Bridgeton, NJ 08302 Phone: 856-451-3179 ryan@overdevest-nurseries.com 6. Green Mountain Mulch Attn: Daniel St. Onge P.O. Box 129 Derby, VT 05829 Phone: 802-334-5733 accounting@greenmountainmulch.com About America's Gardening Resource Inc. America's Gardening Resource, Inc. develops, manufactures, and distributes gardening products and eco-friendly equipment through direct-to-consumer, retail, and wholesale channels across the United States. America's Gardening and four of its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11180-BLS) on June 20, 2025. In the petition signed by David M. Baker, chief restructuring officer, the lead Debtor disclosed up to $10 million in assets and up to $50 million in liabilities. Judge Brendan Linehan Shannon oversees the cases. Patrick J. Reilley, Esq., at Cole Schotz, PC, represents the Debtors as legal counsel. Tower Partners serves as investment banker to the Debtors, and Aurora Management Partners serves as chief restructuring officer. The U.S. Trustee for Region 3 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. Gibbons, PC and Dundon Advisers, LLC serve as legal counsel and financial advisor, respectively. Bank of America, as lender, is represented by: Carl N. Kunz, III, Esq. Eric J. Monzo, Esq. Morris James, LLP 500 Delaware Avenue, Suite 1500 Wilmington, DE 19899-2306 Telephone: (302) 888-6800 Facsimile: (302) 571-1750 ckunz@morrisjames.com emonzo@morrisjames.com -- and -- Daniel F. Flores, Esq. J. Alex Kress, Esq. Chapman and Cutler, LLP 1270 Avenue of the Americas, 30th Fl. New York, NY 10020 Telephone: (212) 655-6000 Facsimile: (212) 697-7210 dflores@chapman.com akress@chapman.com ARM VENTURES: Seeks to Extend Plan Exclusivity to March 30 ---------------------------------------------------------- Arm Ventures LLC asked the U.S. Bankruptcy Court for the Southern District of Florida to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to March 30 and May 29, 2026, respectively. The Debtor requests an extension of 30 days to analyze and explore restructuring options available to the Debtor and to file a Chapter 11 Disclosure Statement and Plan. The Debtor explains that if the Court were to focus its analysis on the "within a reasonable time" prong of the statute, the Debtor respectfully submits that it has complied with all filing deadline requirements in this case and filed all monthly reports in a timely manner. The Debtor claims that its exclusivity period has not elapsed. The real estate owned by the Debtor is of a significant enough value to enable the creditors to be repaid through a restructuring, including a refinancing or sale. Proposed Counsel for the Debtor: DGIM Law, PLLC Daniel Gielchinsky, Esq. 2875 NE 191st Street, Suite 705 Aventura, Florida 33180 Telephone: 305-763-8708 Email: dan@dgimlaw.com About Arm Ventures LLC Arm Ventures LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-22944-LMI) on October 31, 2025. The Debtor previously filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 16-23633) on October 4, 2016. This bankruptcy case was closed on May 15, 2017. At the time of the recent filing, Debtor listed assets of between $1,000,001 to $10 million and liabilities of between $1,000,001 to $10 million. Judge Laurel M. Isicoff (LMI) oversees the case. Joel M. Aresty, P.A., is the Debtor's legal counsel. ASOCIACION HOSPITAL: Gets Extension to Access Cash Collateral ------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Puerto Rico granted a fifth extension of the cash collateral stipulation between Asociacion Hospital Del Maestro, Inc. and its secured creditor, Banco Popular de Puerto Rico. The order extended the stipulation from February 6 to February 20 and authorized the Debtor to use $150,087 in cash collateral to pay the expenses set forth in its operating budget, subject to a 10% variance. During this period, the Debtor will make a $50,000 payment to Banco Popular de Puerto Rico as protection. The order is available at https://is.gd/OmzgaT from PacerMonitor.com. About Asociacion Hospital Del Maestro Inc. Asociacion Hospital Del Maestro Inc., also known as Hospital El Maestro, is a nonprofit general medical and surgical hospital located in San Juan, Puerto Rico, that was founded in 1955 to serve the teaching community and has since expanded to provide services to the broader population. The hospital operates about 126 staffed beds and offers emergency care, intensive care, radiology, surgery, hemodialysis, and a range of medical specialties for children and adults. It is accredited by the Joint Commission and functions as a 501(c)(3) organization with a focus on healthcare, education, and community service. Asociacion Hospital Del Maestro Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 25-03780) on August 25, 2025. In its petition, the Debtor reports total assets of $13,396,955 and total liabilities of $39,669,466. Judge Enrique S. Lamoutte Inclan handles the case. The Debtor tapped Wigberto Lugo Mender, Esq., at Lugo Mender Group, LLC as legal counsel; CPA Luis R. Carrasquillo & Co., P.S.C. as financial consultant; and IEC Consulting, LLC as investment consultant. Banco Popular de Puerto Rico, as secured creditor, is represented by Luis C. Marini-Biaggi, Esq. and Carolina Velaz-Rivero, Esq. at Marini Pietrantoni Muniz, LLC. ATTACHMENTS KING: Seeks Chapter 7 Bankruptcy in California ---------------------------------------------------------- On February 10, 2026, Attachments King, Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of California. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Attachments King, Inc. Attachments King, Inc. is a California-based company engaged in the sale and distribution of equipment attachments and related products serving commercial and industrial markets. Attachments King, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-30123) on February 10, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Hannah L. Blumenstiel handles the case. The Debtor is represented by Anthony Bisconti, Esq., of Bienert Katzman Littrell Williams LLP. ATTENTION TO DETAIL: Seeks Chapter 7 Bankruptcy in Maryland ----------------------------------------------------------- On February 6, 2026, Attention To Detail LLC filed for Chapter 7 protection in the District of Maryland. According to court filing, the Debtor reports between $100,001 and $1 million in debt owed to 1–49 creditors. About Attention To Detail LLC Attention To Detail LLC is a Maryland-based company providing specialized professional services with a focus on precision and quality workmanship. Attention To Detail LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11288) on February 6, 2026. In its petition, the Debtor reports estimated assets of $100,001–$1 million and estimated liabilities of $100,001–$1 million. Honorable Bankruptcy Judge Maria Ellena Chavez-Ruark handles the case. The Debtor is represented by Ronald B. Greene, Esq., of Ronald B. Greene, Esquire. AVENGER FLIGHT: Cleared to Tap $8MM DIP to Forward Ch.11 Asset Sale ------------------------------------------------------------------- Clara Geoghegan of Law360 Bankruptcy Authority reports that Avenger Flight Group received court approval Friday, February 13, 2026, to draw $8 million in new-money DIP financing, securing short-term liquidity as it works to complete a going-concern sale in Chapter 11. According to filings, the financing will fund day-to-day operations, including employee wages and critical vendor costs, while the company markets its assets. The debtor argued that immediate access to capital was necessary to avoid disruption to its airline training services and protect overall business value. The Delaware bankruptcy court's interim order allows the company to proceed with its sale strategy under court supervision. A final hearing on the DIP financing and related sale procedures is expected in the coming weeks, the report states. About Avenger Flight Group Avenger Flight Group is a Florida-based flight simulator company that provides flight simulation and pilot training services. Avenger Flight Group sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10183) on February 12, 2026. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Mary F. Walrath handles the case. The Debtor is represented by Steven W. Golden, Esq. and Mary F. Caloway, Esq. of Pachulski Stang Ziehl & Jones. AVENGER FLIGHT: Proskauer & Landis Rath Advise Ad Hoc 1L Lenders ---------------------------------------------------------------- Proskauer Rose LLP and Landis Rath & Cobb LLP filed with the United States Bankruptcy Court for the District of Delaware a Verified Statement pursuant to Federal Rule of Bankruptcy Procedure 2019 with respect to both firms' representation of an ad hoc group of first lien lenders formed by certain unaffiliated holders of term loans advanced under a Credit Agreement, dated as of June 25, 2021, by and among, inter alia, Avenger Flight Group, LLC as borrower, the guarantors party thereto, the 1L Lenders, and Wilmington Trust, National Association, as administrative agent and collateral agent. According to the Verified Statement: 1. In May 2021, the Ad Hoc Group of 1L Lenders retained Proskauer to represent the group in connection with the Prepetition Credit Agreement. Proskauer's engagement includes representation of the Ad Hoc Group of 1L Lenders with respect to any restructuring of the Term Loans, including these Chapter 11 Cases. In anticipation of these cases, on January 5, 2026, the Ad Hoc Group of 1L Lenders retained LRC as Delaware co-counsel. 2. The information outlined is based upon information provided to Counsel by the Members and is intended only to comply with Bankruptcy Rule 2019. 3. Counsel represents only the Ad Hoc Group of 1L Lenders. Counsel does not represent any other entities in connection with the Chapter 11 Cases. Counsel does not represent the Ad Hoc Group of 1L Lenders as a "committee" and does not undertake to represent the interests of, and is not a fiduciary for, any creditor, party-in-interest, or other entity that has not signed a retention agreement with Counsel. Counsel does not represent the interests of, and is not a fiduciary for, any creditor, party-in-interest, or other entity that has terminated its prior retention of Counsel. In addition, the Ad Hoc Group of 1L Lenders does not represent or purport to represent any other entities in connection with these Chapter 11 Cases. None of the Members represents the interests of, or acts as a fiduciary for, any person or entity other than itself in connection with the Chapter 11 Cases. 4. Upon information and belief formed after due inquiry, neither Proskauer nor LRC holds any disclosable economic interests (as that term is defined in Bankruptcy Rule 2019(a)(1)) in relation to the Debtors. 5. Nothing contained in this Verified Statement is intended to or should be construed as (a) a limitation upon, or waiver of any right to assert, file and/or amend the claims of any Member of the Ad Hoc Group of 1L Lenders in accordance with applicable law and any orders entered in the Chapter 11 Cases or (b) an admission with respect to any fact or legal theory. 6. The Ad Hoc Group of 1L Lenders, through Counsel, reserves the right to amend or supplement this Verified Statement as necessary for any reason in accordance with the requirements of Bankruptcy Rule 2019. The names, addresses, and disclosable economic interests as of the Petition Date of all the Members of the Ad Hoc Group of 1L Lenders, are: 1. Arbour Lane Capital Management, LP 700 Canal Street, 4th Floor Stamford, CT 06902 Prepetition Credit Agreement $87,731,443.16 DIP Term Loan New Money Commitments $4,658,850.00 Other Disclosable Economic Interests N/A 2. Cercano Management, LLC 1110 112th Avenue North East, Suite 202 Bellevue, WA 98004 Prepetition Credit Agreement $40,657,366.57 DIP Term Loan New Money Commitments $2,159,050.00 Other Disclosable Economic Interests N/A 3. Marathon Asset Management, L.P. One Bryant Park, 38th Floor New York, NY 10036 Prepetition Credit Agreement $131,610,817.25 DIP Term Loan New Money Commitments $6,989,000.00 Other Disclosable Economic Interests N/A 4. MidOcean Credit Fund Management, LP 245 Park Avenue, 38th Floor New York, NY 10167 Prepetition Credit Agreement $13,051,861.13 DIP Term Loan New Money Commitments $693,100.00 Other Disclosable Economic Interests N/A Counsel to Ad Hoc Group of 1L Lenders: Adam G. Landis, Esq. Matthew B. McGuire, Esq. Joshua B. Brooks, Esq. LANDIS RATH & COBB LLP 919 Market Street, Suite 1800 Wilmington, DE 19801 Tel: (302) 467-4400 Fax: (302) 467-4450 E-mail: landis@lrclaw.com mcguire@lrclaw.com brooks@lrclaw.com - and - David M. Hillman, Esq. Matthew R. Koch, Esq. PROSKAUER ROSE LLP Eleven Times Square New York, NY 10036-8299 Tel: (212) 969-3000 Fax: (212) 969-2900 E-mail: dhillman@proskauer.com mkoch@proskauer.com About Avenger Flight Group, LLC Avenger Flight Group is a Florida-based flight simulator company that provides flight simulation and pilot training services. Avenger Flight Group LLC provide low-cost training solutions for clients. It has tailor-made its services toward rapidly growing Low Cost Carriers (LCC). AFG has become the preferred training center for many US and international airlines, especially LCCs. Avenger Flight Group and several affiliated entities sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10183) on Feb. 12, 2026. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million each. The Hon. Bankruptcy Judge Mary F. Walrath handles the case. The Debtor is represented by Steven W. Golden, Esq., and Mary F. Caloway, Esq., of Pachulski Stang Ziehl & Jones. SIERRACONSTELLATION PARTNERS serves as the Debtors' restructuring advisors. SEABURY AVIATION PARTNERS LLC and SEABURY SECURITIES LLC serve as their investment bankers. KURTZMAN CARSON CONSULTANTS, LLC d/b/a VERITA GLOBAL serves as their solicitation, claims & noticing agent. AXE CAPITAL: Case Summary & Five Unsecured Creditors ---------------------------------------------------- Debtor: Axe Capital Management, LLC 18865 SR 54 Lutz, FL 33558 Business Description: Axe Capital Management, LLC is a single- asset real estate entity that owns a commercial property at 10268 and 10256 Beach Blvd in Jacksonville, Florida, with the property estimated to have a value of $1.2 million. Chapter 11 Petition Date: February 11, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-01054 Debtor's Counsel: Buddy D. Ford, Esq. FORD & SEMACH, P.A. 9301 West Hillsborough Avenue Tampa, FL 33615-3008 Tel: (813) 877-4669 Fax: (813) 877-5543 Email: All@tampaesq.com Total Assets: $1,200,000 Total Liabilities: $1,627,892 The petition was signed by Joseph William as member. A full-text copy of the petition, which includes a list of the Debtor's five unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/5ZNFEQI/Axe_Capital_Management_LLC__flmbke-26-01054__0001.0.pdf?mcid=tGE4TAMA AZHAR CHAUDHARY: Tom Howley Named Subchapter V Trustee ------------------------------------------------------ The U.S. Trustee for Region 7 appointed Tom Howley, Esq., at Howley Law, PLLC as Subchapter V trustee for Azhar Chaudhary Law Firm, PC. Mr. Howley will be paid an hourly fee of $575 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Howley declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Tom Howley, Esq. Howley Law, PLLC 711 Louisiana Street, Suite 1850 Houston, TX 77002 Telephone: (713) 333-9120 Email: tom@howley-law.com About Azhar Chaudhary Law Firm PC Azhar Chaudhary Law Firm, PC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-30895) on February 10, 2026, with between $1 million and $10 million in both assets and liabilities. Judge Eduardo V. Rodriguez presides over the case. David L. Venable, Esq. represents the Debtor as legal counsel. BASIC 24 HOUR: Case Summary & Nine Unsecured Creditors ------------------------------------------------------ Debtor: Basic 24 Hour Health and Fitness, LLC 120 Williams Ave Natchitoches, LA 71457 Business Description: Basic 24 Hour Health and Fitness, LLC, now known as Prep Fitness, operates as a fitness and wellness center in Natchitoches, Louisiana, providing 24-hour gym access, personal training, rehabilitation-focused programs, and group fitness classes, along with nutrition and meal-prep services. The company offers individualized coaching, strength and cardio equipment, and multiple membership options catering to individuals, couples, and families. It is classified within the health and fitness industry, serving both local residents and members seeking customized wellness solutions. Chapter 11 Petition Date: February 6, 2026 Court: United States Bankruptcy Court Western District of Louisiana Case No.: 26-80075 Judge: Hon. Stephen D. Wheelis Debtor's Counsel: L. Laramie Henry, Esq. L. LARAMIE HENRY 1227 Macarthur Dr Ste B Alexandria LA 71303-3169 Tel: (318) 445-6000 E-mail: laramie@henry-law.com Estimated Assets: $50,000 to $100,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Brian Hicks as member/manager. A full-text copy of the petition, which includes a list of the Debtor's nine unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/CH7TRMI/Basic_24_Hour_Health_and_Fitness__lawbke-26-80075__0001.0.pdf?mcid=tGE4TAMA BIG BRUNOS: Gets Interim OK to Use Cash Collateral Until March 12 ----------------------------------------------------------------- Big Brunos Bites, LLC received third interim approval from the U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, to use cash collateral through March 12. The third interim order signed by Judge Grace Robson authorized the Debtor to use cash collateral for U.S. Trustee quarterly fees and other court-approved payments; the budgeted expenses, plus up to a 10% variance per line item; and additional amounts with approval from secured creditors. The Debtor's three-month budget projects total operational expenses of $258,501.69. As protection, creditors including the U.S. Small Business Administration, Timberland Bank, Toast Capital, LLC, TD Auto Finance, and Park Avenue Ventures, LLC will be granted replacement liens on the cash collateral, with the same validity and priority as their pre-bankruptcy liens. Big Brunos Bites must maintain proper insurance and comply with all debtor-in-possession obligations as additional protection for secured creditors. The next hearing is scheduled for March 12. The interim order is available at https://shorturl.at/9850U from PacerMonitor.com. About Big Brunos Bites LLC Big Brunos Bites, LLC is a Florida-based limited liability company that operates a casual dining establishment at 3990 Curry Ford Road in Orlando, offering pizza, pasta, sandwiches, and beverages. Big Brunos Bites sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-07692) on November 25, 2025, with $96,390 in assets and $1,155,879 in liabilities. Bruno G. Zacchini, III, manager, signed the petition. Judge Grace E. Robson presides over the case. Keenan D. Smith, Esq., at Nardella & Nardella, PLLC represents the Debtor as legal counsel. BOY SCOUTS: Abuse Claimants Hire Dechert in Slater Slater Row ------------------------------------------------------------- Alex Wolf of Bloomberg Law reports that Dechert LLP attorneys are advising a group of abuse survivors who want to sever contingency fee arrangements with Slater Slater Schulman LLP, a mass tort firm involved in the Boy Scouts of America bankruptcy proceedings. The survivors claim they were improperly informed about the progress and value of their claims. On Friday, February 13, 2026, three Dechert lawyers — including Yale professor G. Eric Brunstad Jr. — submitted a filing in Delaware bankruptcy court requesting judicial review of Slater’s conduct. The motion asks the court to assess whether the firm should be required to disgorge fees or otherwise be sanctioned for allegedly misleading communications during the Chapter 11 case. According to the filing, the alleged misrepresentations compromised claimants’ ability to make informed decisions about their rights and recoveries. The dispute adds another layer of litigation to the already complex Boy Scouts bankruptcy settlement. About Boy Scouts of America The Boy Scouts of America -- https://www.scouting.org/ -- is a federally chartered non-profit corporation under title 36 of the United States Code. Founded in 1910 and chartered by an act of Congress in 1916, the BSA's mission is to train youth in responsible citizenship, character development, and self-reliance through participation in a wide range of outdoor activities, educational programs, and, at older age levels, career-oriented programs in partnership with community organizations. Its national headquarters is located in Irving, Texas. The Boy Scouts of America and affiliate Delaware BSA, LLC, sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-10343) on Feb. 18, 2020, to deal with sexual abuse claims. Boy Scouts of America was estimated to have $1 billion to $10 billion in assets and at least $500 million in liabilities as of the bankruptcy filing. The Debtors have tapped Sidley Austin LLP as their bankruptcy counsel, Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel, and Alvarez & Marsal North America, LLC, as financial advisor. Omni Agent Solutions is the claims agent. The U.S. Trustee for Region 3 appointed a tort claimants' committee and an unsecured creditors' committee on March 5, 2020. The tort claimants' committee is represented by Pachulski Stang Ziehl & Jones, LLP, while the unsecured creditors' committee is represented by Kramer Levin Naftalis & Frankel, LLP. The Debtors obtained confirmation of their Third Modified Fifth Amended Chapter 11 Plan of Reorganization (with Technical Modifications) on September 8, 2022. The Order was affirmed on March 28, 2023. The Plan was declared effective on April 19, 2023. The Hon. Barbara J. House (Ret.) has been appointed as trustee of the BSA Settlement Trust. BRIAN GOLDMAN: Commences Chapter 7 Bankruptcy in California ----------------------------------------------------------- On February 10, 2026, Brian Goldman, MD filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of California. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About Brian Goldman, MD,A Medical Corporation Brian Goldman MD, A Medical Corporation is a California medical practice offering professional healthcare services, including primary care, diagnostics, and treatment. The corporation emphasizes patient-centered care and clinical excellence while serving the local community. Brian Goldman, MD sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40254) on February 10, 2026. In his petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Charles Novack handles the case. The Debtor is represented by Sarah Lampi Little, Esq., of Kornfield Nyberg Bendes Kuhner & Little. BRO BIZ: 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 Bro Biz, LLC. Mr. Sharf will charge $740 per hour for his services as Subchapter V trustee and will be reimbursed 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 Bro Biz LLC Bro Biz, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 26-10069) on February 6, 2026, with $50,001 to $100,000 in both assets and liabilities. Judge William J. Lafferty presides over the case. BUILT LLC: Gets Final OK to Use Cash Collateral ----------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, entered a final order authorizing Built, LLC to use the cash collateral of its secured creditors. Under the final order, the Debtor is authorized to use the cash collateral of Midland Equipment Finance, the U.S. Small Business Administration, U.S. Bank Equipment Finance, and Verity Legal Services, PLLC to pay operating expenses set forth in the approved budget, with flexibility of up to 10% over each budget line item, and for additional amounts approved in writing by the secured creditors. The Debtor is prohibited from paying compensation to insiders or professionals listed in the budget without further court approval. Although certain unbudgeted or excess expenditures are not automatically deemed unauthorized, such expenses may still give rise to remedies for the secured creditors if they exceed permitted limits. As adequate protection, the court granted the secured creditors perfected post-petition replacement liens on cash collateral, which carry the same validity, priority, and extent as their pre=petition liens without the need for further documentation. Built must comply with all duties of a debtor-in-possession under the Bankruptcy Code and court rules, maintain required insurance coverage, and provide access to business records and premises upon reasonable notice. Additionally, the Debtor must provide monthly financial reporting to the secured creditors upon request to ensure transparency and oversight of the use of cash collateral. All parties' rights to seek modified adequate protection or other relief are reserved. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/4YhR2 from PacerMonitor.com. About Built LLC Built, LLC, founded in 2013 and based in Tampa, Florida, provides custom cabinetry, furniture, and architectural millwork for residential and commercial clients. The Company collaborates with interior designers, builders, and homeowners to provide design and fabrication services, with a focus on craftsmanship and attention to detail. Built operates as a small team delivering tailored design and construction solutions across the Tampa region. Built, LLC in Tampa, FL, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. M.D. Fla. Case No. 25-08415) on Nov. 10, 2025, listing $348,465 in assets and $1,785,505 in liabilities. Andrew Watson as manager, signed the petition. Judge Catherine Peek McEwen oversees the case. Ford & Semach, P.A. serves as the Debtor's legal counsel. BURNETT ENTERTAINMENT: Case Summary & Five Unsecured Creditors -------------------------------------------------------------- Debtor: Burnett Entertainment, Inc. Urban Air Port Richey 2946 Barbour Trail Odessa, FL 33556 Business Description: Burnett Entertainment, Inc., doing business as Urban Air Port Richey, operates an indoor family entertainment and adventure park in Port Richey, Florida, offering attractions such as trampolines, climbing walls, ropes courses, bumper cars, and laser tag. The company is classified in the amusement and recreation industry, focusing on leisure and entertainment services for children and families. Chapter 11 Petition Date: February 6, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-00948 Judge: Hon. Caryl E Delano Debtor's Counsel: James W. Elliott, Esq. MCINTYRE THANASIDES BRINGGOLD ELLIOTT, ET AL. 1228 E. 7th Ave., Suite 100 Tampa, FL 33605 Tel: 813-223-0000 Email: James@mcintyrefirm.com Total Assets: $154,127 Total Liabilities: $2,894,417 The petition was signed by Justin Burnett as president. 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/4SPG33A/Burnett_Entertainment_Inc__flmbke-26-00948__0001.0.pdf?mcid=tGE4TAMA BURNETT ENTERTAINMENT: Kathleen DiSanto Named Subchapter V Trustee ------------------------------------------------------------------ The Acting U.S. Trustee for Region 21 appointed Kathleen DiSanto, Esq., at Bush Ross, P.A., as Subchapter V trustee for Burnett Entertainment, Inc. Ms. DiSanto will be paid an hourly fee of $400 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. DiSanto declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Kathleen L. DiSanto, Esq. Bush Ross, P.A. P.O. Box 3913 Tampa, FL 33601-3913 Phone: (813) 224-9255 Fax: (813) 223-9620 disanto.trustee@bushross.com About Burnett Entertainment Inc. Burnett Entertainment, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00948) on February 6, 2026, listing assets of between $500,001 and $1 million and liabilities of between $1 million and $10 million. Judge Caryl E. Delano presides over the case. James W. Elliott, Esq., at Mcintyre Thanasides Bringgold, Elliott Grimaldi Guito, PA represents the Debtor as legal counsel. BUSINESS DEVELOPMENT: Moody's Affirms 'B1' Deposit Ratings ---------------------------------------------------------- Moody's Ratings has affirmed Business development bank's (BDB) B1 long-term local and foreign currency bank deposit ratings and changed the outlook on these ratings to positive from stable. Concurrently, Moody's affirmed the bank's caa1 Baseline Credit Assessment (BCA) and Adjusted BCA, Not Prime (NP) short-term local and foreign currency bank deposit ratings, the bank's B1/NP long-term and short-term local and foreign currency Counterparty Risk Ratings (CRRs) and the B1(cr)/NP(cr) long-term and short-term Counterparty Risk Assessments (CR Assessments). RATINGS RATIONALE CHANGE IN OUTLOOK In 2025, BDB has seen significant improvements in asset quality with further progress possible. Following the clean-up of its loan book, the bank should be well-placed to return to sustainable profitability after three years of net losses in 2022-2024. The change in outlook to positive from stable for the bank's long-term deposit ratings reflects Moody's views that these improvements in the bank's financial fundamentals are likely to prove sustainable, providing a basis for a potential ratings upgrade. RATINGS AFFIRMATION The affirmation of BDB's BCA and Adjusted BCA at caa1 reflects its stable funding profile and moderate liquidity cushion and is constrained by remaining challenges to the bank's asset quality and profitability, which are expected to improve but persist for some time. In the first half of 2025 (H1 2025), BDB wrote off a material portion of legacy loans, reducing the problem loan (PL) ratio to 9.9% as of mid-2025 from 23.3% at year-end 2024. PL coverage remains robust at 91%. The bank has also significantly overhauled its underwriting and risk-management practices in 2023–2024, and portfolio analysis indicates improving credit quality in loans originated since 2024. Moody's expects that most problem loans have already been identified, and therefore project the PL ratio to decline over the next 12–18 months as the bank continues to clean up its corporate and SME loan books. In H1 2025, the bank reported net income of UZS 193 billion, mainly driven by low provisioning charges of 0.5% of the average gross loan book. Return on tangible assets was a positive 1.1% in H1 2025, compared with negative 4.3% for the full year 2024. Over the next 12–18 months, BDB's profitability will remain supported by its strong net interest margin (4.1% in H1 2025), reflecting continued access to low-cost government-related funding and a high interest rate environment. At the same time, the bank's bottom-line performance will remain constrained by elevated operating expenses and moderate credit costs. The bank's tangible common equity (TCE)/risk-weighted assets (RWA) ratio improved to 10.0% as of mid-2025, up from 8.7% at year-end 2024 and 4.0% at year-end 2023. However, capital remains weak compared with local peers. Despite sizable capital injections from the government in 2024–25, Moody's expects resumed loan growth and modest profitability to continue to pressure the bank's capital metrics in the next 12-18 months. Moody's expects BDB's liquidity and funding to remain broadly stable over the next 12-18 months, reflecting its high reliance on long-term financing provided by the government and international financial institutions (IFIs), which accounted for 60% of tangible assets as of mid-2025. Moody's estimates that the share of the government in the bank's liabilities, including state-owned enterprises and state-owned banks, was around half of the total as of mid-2025. At the same time, BDB's liquidity improved in H1 2025, albeit from a low base. Core Banking Liquidity increased to 13.5% of total tangible banking assets as of mid-2025, up from 7.8% at year-end 2024. Moody's expect this buffer to be maintained in the short to medium term as the bank deploys newly acquired government funds and resumes loan growth. Overall, Moody's expects the liquidity buffer to remain robust over the next 12–18 months. RATINGS OUTLOOK The positive outlook on the bank's long-term deposit ratings reflects Moody's expectations that the bank is well placed to ensure recent improvements in asset quality and profitability are sustainable over the next 12-18 months. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS A sustainable improvement in BDB's asset quality and capital adequacy, coupled with robust profitability, could lead to an upgrade of the bank's BCA and long-term deposit ratings over the next 12–18 months. The positive outlook on BDB's long-term bank deposit ratings could be revised to stable if the bank's financial fundamentals, such as asset quality or capital adequacy, were to weaken. BDB's long-term deposit ratings and BCA could be downgraded if there is a material deterioration in its financial profile, particularly in asset quality, capitalisation or liquidity. The long-term deposit ratings could also be downgraded if the Government of Uzbekistan were deemed less likely to provide support to the bank, although this is not currently expected. PRINCIPAL METHODOLOGY The principal methodology used in these ratings was Banks 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. CARBON HEALTH: Court OKs Bid Rules for Medical Service Biz Sale --------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, has permitted Carbon Health Technologies Inc. and its affiliates, to sell substantially all Assets, free and clear of liens, claims, interests, and encumbrances. Carbon Health is a leading urgent care and primary care medical service provider, with 93 locations nationwide offering comprehensive services, including UC, PC, pediatric care, workplace health, and clinical research, complemented with virtual care access. The Company serves as a primary entry point to healthcare ecosystem, offering a comprehensive array of services that cater to diverse patient communities, enhancing accessibility and quality of care. Carbon Health leverages its proprietary platform, "CarbyOS," to implement a digital strategy that enhances patient engagement and drives operating efficiency. This approach enables the Company to provide a versatile range of services across care locations through improved operational efficiency. The Debtors have demonstrated a compelling and sound business justification for this Court to grant the relief requested in the Motion. The Bid Procedures are fair, reasonable, and appropriate, and designed to maximize recoveries from the sale of Assets by promoting a competitive bidding process to generate the greatest level of interest in the Debtors’ business, and are consistent with the Debtors' exercise of their respective duties under applicable law. The Sale Notice is appropriate and reasonably calculated to provide all interested parties with timely and proper notice of the sale of the Assets, the Bid Procedures, the Auction, and the Sale Hearing, and no other or further notice is required. The Debtors are authorized to take any and all actions reasonably necessary or appropriate to implement the Bid Procedures in accordance with the sale timeline. The Debtors reserve the right, and are authorized, to modify the Sale Process Timeline and the other dates and deadlines set forth in the Order in accordance with the Bid Procedures and without further order of the Court. As further described in the Bid Procedures, the deadline to submit a bid is March 6, 2026, at 5:00 p.m. (prevailing Central Time). The Debtors are authorized to conduct the Auction in accordance with the Bid Procedures. Unless a separate notice is served by the Debtors, the Auction will take place on March 11, 2026, at 12:00 p.m. (prevailing Central Time) at the offices of Pachulski Stang Ziehl & Jones LLP, One Sansome Street, Suite 3430, San Francisco, CA 94104, or at such other place and time as the Debtors, after consulting the Consultation Parties, will select. The Debtors will file one or more forms of proposed orders authorizing any sale of the Assets, in whole or in part, to the Successful Bidder(s) not later than March 12, 2026. The Sale Hearing for any sale of the Assets, in whole or in part, will be held before the Court on March 24, 2026, at 1:00 p.m. (prevailing Central Time). On or before March 9, 2026, the Debtors will file with the Court the Assumption and Assignment Notice with the list of Contracts that may be Designated Contracts to be assumed and assigned, along with any proposed Cure Amount(s). About Carbon Health Technologies Inc. Carbon Health Technologies Inc. provides health care technology solutions. The Company designs and develops care delivery systems that enable physicians to focus on their patients health records, book appointments, make payments, and conduct a video visit. Carbon Health Technologies serves customers in the United States. Carbon Health Technologies sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90306 (CML) on February 2, 2026. Judge Christopher M Lopez presides over the case. The Plaintiff is represented by Brittany S. Scott, Esq., and L. Timothy Fisher, Esq., at BURSOR & FISHER, P.A., in Walnut Creek, California. CAROLINA FITNESS: Court Extends Cash Collateral Access to March 14 ------------------------------------------------------------------ Carolina Fitness Equipment, LLC received another extension from the U.S. Bankruptcy Court for the Western District of North Carolina to use cash collateral. At the recently held hearing, the court extended the Debtor's authority to use cash collateral through March 14 and scheduled a further hearing for March 11. The Debtor was initially allowed to access cash collateral under the court's February 2 interim order. The initial order allowed the Debtor to pay its expenses from cash collateral consistent with an approved budget. It granted protection to secured creditors including Regions Bank and the U.S. Small Business Administration through replacement liens on post-petition cash collateral and payments to both creditors. Regions Bank holds a first-priority lien on the Debtor's cash collateral while the SBA holds a second-priority lien. About Carolina Fitness Equipment, LLC Carolina Fitness Equipment, LLC sells new and used commercial and residential fitness equipment and provides installation, delivery, and maintenance services from its Belmont, North Carolina location to customers throughout the Carolinas and nearby areas. Carolina Fitness Equipment, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C. Case No. 26-30091) on January 25, 2026. The company reports estimated assets and liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Laura T. Beyer oversees the case. The Debtor is represented by Cole Hayes, Esq. CEDAR HAVEN: U.S. Trustee Unable to Appoint Committee ----------------------------------------------------- The U.S. Trustee for Region 3 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Cedar Haven Acquisition, LLC. 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. Honorable Bankruptcy Judge Henry W. Van Eck handles the case. The Debtor is represented by Robert E. Chernicoff, Esq., at Cunningham, Chernicoff & Warshawsky, PC. CENTRAL FLORIDA: Gets Extension to Access Cash Collateral --------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, issued a fourth preliminary order granting Central Florida Firearms, LLC authorization to use cash collateral through April 14. The Debtor's cash collateral consists of funds subject to liens by Cadence Bank (successor to First Chatham Bank and guaranteed by the U.S. Small Business Administration) and other secured creditors with subordinate interests. The fourth preliminary order authorized the Debtor to use funds for ordinary business expenses listed in its budget, with a 10% variance per line item, as well as U.S. Trustee fees. Expenditures outside the approved budget may be reviewed upon request, and payments to professionals still require separate court approval. To protect secured creditors, the court granted them a replacement lien on post-petition cash collateral, with the same validity, priority, and extent as their pre-bankruptcy liens. In addition, the Debtor was ordered to maintain proper insurance coverage in accordance with its loan and security agreements with secured creditors. A continued preliminary hearing on cash collateral use is scheduled for April 14. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/vih2s from PacerMonitor.com. About Central Florida Firearms LLC Central Florida Firearms, LLC, doing business as Live Free Armory, specializes in the production of slides, barrels, and other firearm parts, offering next-day shipping on available inventory for orders received before the daily cutoff. Central Florida Firearms LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case. No. 25-06150) on September 26, 2025. In its petition, the Debtor reported estimated assets of $5.2 million and estimated liabilities of $12.7 million. The Debtor is represented by Jeffrey S. Ainsworth, Esq. of BransonLaw, PLLC. CHATEAU CREOLE: Trustee Can Substitute as Plaintiff in Starr Case ----------------------------------------------------------------- The U.S. District Court for the Eastern District of Louisiana granted the motion filed by Dwayne Murray, Chapter 11 Trustee of the Chateau Creole Apartments, LLC, to substitute or, in the alternative, to intervene in the case captioned as DAMON J. BALDONE, LLC VERSUS STARR SURPLUS LINES INSURANCE COMPANY, ET AL., CASE NO. 24-cv-00543 (E.D. La.). Plaintiff Damon J. Baldone, LLC filed this suit alleging that two properties known as Chateau Desa Apartments (located on Alma Street in Houma, Louisiana) and Chateau Creole Apartments (located on Monarch Drive in Houma, Louisiana) sustained damage on or about March 4 and 19, 2022, respectively, from theft, vandalism or malicious mischief. Plaintiff alleged that Defendants insured those properties and seeks to recover contractual and extra-contractual damages for the alleged failure to pay timely or adjust properly the insurance claims. Fannie Mae intervened, alleging that the properties are subject to its mortgage securing a $6.7 million note. Trustee Murray now moves to substitute himself, as Trustee of the Chateau Creole Apartments, LLC, as plaintiff in place of Damon J. Baldone, LLC with respect to all claims asserted on behalf of Chateau Creole Apartments, or alternatively, to intervene so that he may prosecute all claims that have been or could have been asserted by Chateau Creole. Trustee Murray asserts that he alone has standing to prosecute any claims of Chateau Creole, that he has been actively involved in this case since April 2025, and Defendants have appeared in the bankruptcy case. He asserts that he is the proper party plaintiff under Rule 25 and Chateau Creole's interests have been transferred to him by operation of law within the meaning of Rule 25(c), or alternatively, he is entitled to intervene as of right or permissively. Defendants oppose the motion, arguing that Trustee Murray cannot retroactively correct Plaintiff's improper filing of this suit seeking damages for a separate legal entity (Chateau Creole Apartments, LLC) as Plaintiff did not have an insurable interest in Chateau Creole's property and thus lacked standing to pursue the claim asserted herein. They further argue that Trustee Murray cannot establish that substitution is proper under Rule 17(a) because Plaintiff's decision not to file on behalf of, or substitute, Chateau Creole Apartments, LLC was an intentional decision, rather than an honest mistake, considering a prior Chateau Creole Apartments, LLC bankruptcy that divested Plaintiff of any interest in or control over Chateau Creole Apartments, and Trustee Murray can only step into the shoes of Chateau Creole Apartments, LLC without obtaining any greater rights. Defendants also argue that Trustee Murray's motion is untimely and should have been filed before his first appearance in April 2025 and that Trustee Murray is precluded from substituting or intervening based on "unclean hands." Finally, Defendants argue that Chateau Creole Apartments, LLC's claim under the policy is prescribed. The Court finds there can be no dispute that Trustee Murray is the real party in interest to assert any claim on behalf of Chateau Creole as a result of the bankruptcy filing and his appointment. According to the Court, had Chateau Creole Apartments, LLC, filed this suit on its own behalf originally, the substitution issue would not be difficult. The issue becomes complicated because Chateau Creole did not file this suit for damages. Rather, Plaintiff filed this suit asserting that it owned the properties at issue and purchased the applicable insurance policies. The issue under Rule 17 is not whether Baldone was correct in his conclusion that Damon J. Baldone, LLC was a proper party plaintiff. The issue is whether Baldone made a good-faith, nonfrivolous mistake or whether he was deceitful, dilatory or strategic in making that Rule 17 mistake or in failing to correct it promptly. The Court finds given Baldone's testimony and considering the complexity of this unusual type of policy, coupled with Fannie Mae's prompt interventions and inclusion as payee of insurance proceeds checks, Baldone's mistaken conclusion that he was the named insured and/or had authority to file suit for the separate entity known as Chateau Creole Apartments, LLC, while incorrect, is not unreasonable or deceitful conduct. Given the Trustee's participation since the re-opening of the case, the Court cannot find that the alternative motion to intervene to protect its interest is untimely. Further, disposition of the case may impair or impede Trustee Murray's ability to protect its interest, and he is not adequately represented by Plaintiff because Trustee Murray's interest in recovering for creditors conflicts with Plaintiff's interest in a recovery that exceeds creditors' claims to allow for distribution to the bankruptcy LLC members. At the very least, Trustee Murray has a claim or defense that shares common questions of law or fact with Plaintiff's claim, and intervention would not unduly delay or prejudice the existing parties. As such, intervention would be proper were substitution not appropriate, the Court concludes. A copy the Court's Order dated February 10, 2026, is available at https://urlcurt.com/u?l=keuBka from PacerMonitor.com. About Chateau Creole Apartments, LLC Chateau Creole Apartments is primarily engaged in renting and leasing real estate properties. Chateau Creole Apartments, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. La. Case No. 24-10608) on March 29, 2024, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Damon J. Baldone as manager. Judge Meredith S. Grabill presides over the case. Ryan J. Richmond, Esq. at Sternberg, Naccari & White, LLC represents the Debtor as counsel. CHERISHED LAND: Updates Restructuring Plan Disclosures ------------------------------------------------------ Cherished Land LLC submitted an Amended Disclosure Statement with respect to Amended Plan of Reorganization dated February 9, 2026. The Debtor's business is oriented around the rental income derived from the property generally located at 64 Auburn Street, Portland, Maine (the "Property"). Prior to the Petition Date, the Debtor entered into the following two loans with the Finance Authority of Maine ("FAME"): (a) Promissory Note in the maximum principal amount of $280,000.00 (the "Small Business Credit Initiative Loan"); and (b) Promissory Note in the original principal amount of $70,000.00 (the "Economic Recovery Program Loan"). The total amount outstanding under the two loans combined (according to the proof of claim field by the FAME) as of the Petition Date equaled $374,453.86. The Debtor secured these loans by granting the FAME a mortgage (the "FAME Mortgage") and an Assignment of Rents (the "FAME Assignment of Rents") against the Property. One the Petition Date, the Debtor had one tenant for the Property. After the Petition Date, the Debtor leased a material portion of the remaining Property to a new Tenant (the "New Tenant"), thereby increasing the revenue of the Debtor from $4,000 to $10,000 per month. The New Tenant has undertaken significant renovations and plans to open a restaurant in time for the upcoming hospitality season. The Debtor is in active negotiations with a prospective tenant and continues to seek additional tenants for the Property. The Debtor believes that these leases represent the optimal use of the property because the tenants are well established and will pay dependable, market-rate lease payments. The existing tenant as if the Petition Date is Cherished Possessions, Inc., a consignment store run by Samual Eakin. The New Tenant is Shaking Crab, Inc., a seafood restaurant with an existing location in South Portland. The Debtor further plans to develop residential rental units on the Property to recruit additional tenants and generate new revenue, as reflected in the feasibility analysis. The Debtor further notes that FAME has stated its intent to object to the treatment of its claim under the Plan. Membership of the Debtor is comprised of Cherished Possessions, Inc., in the amount of 50%, David Lyon in the amount of 25%, and James Belt in the amount of 25%. On November 14, 2025, Lyon and Belt filed a motion to dismiss the Chapter 11 Case, arguing that it had been filed by Samuel Eakin, the president of Cherished Possessions, Inc., in a bad faith effort to frustrate or delay the foreclosure process initiated by FSB. The Debtor filed an opposition to the motion to dismiss on December 8, 2025. The motion to dismiss is pending before the Bankruptcy Court. Pursuant to the Plan, the Debtor proposes to effectuate a reorganization and to complete a balance sheet restructuring that will aid in the Debtor's viability. On the Effective Date, except as otherwise set forth in the Plan, the Estate's interest in all Assets shall vest in the Debtor free and clear of any and all Claims, Interests, or defenses (including recoupment) with respect to any Claims, whether known or unknown, asserted or unasserted, or contingent or fixed. As to the motion to dismiss, Lyon and Belt contend in the motion that the Debtor filed for bankruptcy in bad faith to forestall a foreclosure sale. The Debtor has opposed that motion and believes it is legally and factually unfounded for the reasons set forth in the Debtor's objection. Specifically, as proven by the Plan, the Debtor filed for bankruptcy to reorganize its business, return to profitability, and repay its creditors in full. The Debtor, therefore, believes that the motion to dismiss should be denied. Like in the prior iteration of the Plan, the Debtor shall make annual payments on a Pro Rata basis to the Holders of Allowed Unsecured Claims in Class Five equal to Net Disposable Income. The Class Five Claims shall be paid interest at a rate equal to the federal judgment interest rate as of the Petition Date (which was 3.75%), with such interest to begin accruing as of the Confirmation Date. The first annual payment under the Plan for Allowed Claims in Class Five shall be made on or before January 30, 2027, based on the Net Disposable Income for the period of January 1, 2026 to December 31, 2026. The Plan requires the Debtor to make certain payments to Holders of Allowed Claims. These payments will be generated from one or more of the following sources: (a) cash on hand as of the Effective Date; (b) rental income generated by the continued operation of the Debtor's business; (c) potential financing from third-parties; and (d) the proceeds generated by the Causes of Action (if any). A full-text copy of the Amended Disclosure Statement dated February 9, 2026 is available at https://urlcurt.com/u?l=fv35st from PacerMonitor.com at no charge. Counsel to the Debtor: D. Sam Anderson, Esq. Adam R. Prescott, Esq. BERNSTEIN, SHUR, SAWYER & NELSON, P.A. 100 Middle Street PO Box 9729 Portland, ME 04104 Telephone: (207) 774-1200 Facsimile: (207) 774-1127 E-mail: sanderson@bernsteinshur.com aprescott@bernsteinshur.com About Cherished Land LLC Cherished Land LLC owns and operates a single real estate property that generates substantially all of the Company's income. The Company is structured as a single-asset real estate entity under U.S. bankruptcy law. Cherished Land LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Me. Case No. 25-20220) on September 11, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Peter G. Cary handles the case. The Debtor is represented by D. Sam Anderson, Esq. at Adam R. Prescott, Esq. at BERNSTEIN, SHUR, SAWYER & NELSON, P.A. CHEROKEE HOLDINGS: Taps Memory Memory & Causby as Legal Counsel --------------------------------------------------------------- Cherokee Holdings, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Alabama to hire Memory Memory & Causby, LLP as its Chapter 11 bankruptcy counsel. The firm's services include: a. preparation of the petition and any schedules, disclosures, and first-day motions incident to the commencement of the Chapter 11 bankruptcy; b. preparation of other first day motions, if any; c. preparation, negotiation, and prosecution of a plan of reorganization or liquidation and all related documents on behalf of the Debtor; d. negotiation on behalf of the Debtor with all major creditor classes with respect to the plan of reorganization and certain other substantive aspects of the case; e. preparation on behalf of the Debtor, as Debtor-in-Possession, of certain necessary motions, applications, answers, orders, reports, and papers necessary to the administration of the Debtor's Estate; f. preparation of all action necessary to protect and preserve the Debtor's Estate, including negotiation concerning any material litigation in which the Debtor is involved; and g. performance of all other necessary legal services in the case. The firm's hourly rates are: Von Memory $450 Stuart Memory $375 William Wesley Causby $375 McKenna J. Meldrum $300 Law Clerks $150 Paralegals $100 Memory received a retainer in the amount of $5,000. The firm is "disinterested" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Wm. Wesley Causby, Esq. Memory Memory & Causby, LLP P.O. Box 4054 Montgomery, AL 36103 Tel: (334) 834-8000 Email: smemory@memorylegal.com About Cherokee Holdings, LLC Cherokee Holdings, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ala. Case No. 26-00397) on February 3, 2026, listing $1,000,001 to $10 million in both assets and liabilities. Judge D Sims Crawford presides over the case. Stuart H. Memory, Esq. at Memory, Memory & Causby, LLP serves as the Debtor's counsel. CHRYSALIS HEALTHCARE: Gets Interim OK to Use Cash Collateral ------------------------------------------------------------ Chrysalis Healthcare Partners, LLC got the green light from the U.S. Bankruptcy Court for the Southern District of Texas to use cash collateral to fund operations. The court entered an interim order authorizing the Debtor to use cash collateral, including ordinary-course revenues, through March 2 in accordance with its budget. The 30-day budget projects total cash disbursements of $38,830. The Debtor's authority to use cash collateral automatically terminates upon dismissal or conversion of its Chapter 11 case, appointment of a trustee, expiration of the interim period, or a material breach of the order, including noncompliance with the budget, subject to notice and court review. As adequate protection, secured creditors will be granted replacement liens on all post-petition cash collateral and other property of the Debtor, maintaining the same priority and extent as their pre-bankruptcy liens. These replacement liens do not apply to Chapter 5 avoidance actions. An online search of the UCC filings with the Texas Secretary of State reveals these creditors have alleged liens on accounts and cash: Legend Advance Funding II, LLC, with a secured claim of $97,000; Ace Funding Source, LLC, $77,000; and Internal Revenue Service, $345,000. An unknown creditor alleges blanket lien on all assets of the Debtor, including cash by virtue of a UCC-1 financing statement. The interim order includes a carveout subordinating secured creditors' liens to payment of administrative expenses, including court fees, trustee fees and attorney fees. The carveout does not create claims or liens against lenders' real or tangible personal property. The interim order is available at https://is.gd/LFytN5 from PacerMonitor.com. A final hearing on cash collateral is scheduled for March 2. About Chrysalis Healthcare Partners Chrysalis Healthcare Partners, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-80040) on January 27, 2026, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Alfredo R. Perez presides over the case. Robert C. Lane, Esq. at The Lane Law Firm, PLLC represents the Debtor as bankruptcy counsel. CITY MASSAGE: Gets Final Court Nod to Use Cash Collateral --------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Florida entered a final order granting City Massage, LLC approval to use cash collateral. Under the final order, the Debtor is authorized to continue using cash collateral through confirmation of its amended plan of reorganization. Permitted uses include payment of operating expenses pursuant to the approved amended budget; post-petition wages and compensation to employees and independent contractors; maintenance of liability and workers' compensation insurance; and payroll taxes. The Debtor is also required to make monthly adequate protection payments of $711 to TD Bank, N.A., with remaining funds to be maintained in the Debtor's DIP account subject to the bank's lien. The court approved the Debtor's amended budget on a final basis, with the condition that any line-item expenditure exceeding the budgeted amount by more than 10% requires TD Bank's consent or, alternatively, expedited court approval. The Debtor is further required to timely file monthly operating reports and make timely payment of retainer fees to the Subchapter V trustee. As adequate protection, the court found that TD Bank is protected by the Debtor's continued operations, maintenance of insurance, payment of taxes, and the granting of a post-petition lien on remaining cash. A copy of the final order and the Debtor's budget is available at https://shorturl.at/W7FAF from PacerMonitor.com. TD Bank, as secured creditor, is represented by: Esther McKean, Esq. AKERMAN LLP 420 South Orange Avenue, Suite 1200 Orlando, FL 32801 Phone: (407) 423-4000 Facsimile: (407) 843-6610 esther.mckean@akerman.com About City Massage City Massage, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-20791) on September 16, 2025, listing up to $50,000 in assets and between $500,001 and $1 million in liabilities. Judge Corali Lopez-Castro presides over the case. Tamara D. McKeown, Esq., represents the Debtor as legal counsel. COATE ENGINEERING: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------------- Debtor: Choate Engineering Performance, LLC 1033 Lake St. Bolivar, TN 38008 Business Description: Choate Engineering Performance, based in Bolivar, Tennessee, specializes in the remanufacture and engineering of diesel engines for Duramax, Powerstroke, and Cummins applications, focusing on correcting known factory weak points and enhancing durability. The company produces short blocks, long blocks, and fully running engines, incorporating upgraded pistons and internal components to meet or exceed OEM specifications. It operates in the automotive and diesel engine performance sector, providing in-house machining, engineering, and nationwide distribution for individual and commercial diesel owners. Chapter 11 Petition Date: February 9, 2026 Court: United States Bankruptcy Court Western District of Tennessee Case No.: 26-10171 Debtor's Counsel: Thomas H Strawn, Esq. STRAWN LAW FIRM 400 W Masonic Street Dyersburg, TN 38024 Tel: 731-285-3375 Fax: 731-285-3392 E-mail: tstrawn42@bellsouth.net Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Cass Choate as owner. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/5UHPN7Q/Choate_Engineering_Performance__tnwbke-26-10171__0001.0.pdf?mcid=tGE4TAMA COBEL TECHNOLOGIES: Commences Chapter 7 Bankruptcy in California ---------------------------------------------------------------- On February 10, 2026, Cobel Technologies, Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Central District of California. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Cobel Technologies, Inc. Cobel Technologies, Inc. is a California-based technology company engaged in providing technology-related products and services to commercial clients. Cobel Technologies, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11224) on February 10, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Julia W. Brand handles the case. The Debtor is represented by Julie J. Villalobos, Esq., of Oaktree Law. COLD SPRING: Files Amendment to Disclosure Statement ---------------------------------------------------- Cold Spring Acquisition, LLC, submitted an Amended Disclosure Statement describing Corrected Plan of Liquidation dated February 9, 2026. The Debtor is a limited liability company formed in July 2014 to purchase a skilled nursing and rehabilitation center in Woodbury, New York (the "Senior Care Facility"). The Debtor's capital structure is reasonably simple. It has virtually no secured debt and no public debt. Rather, its obligations are unsecured debt resulting from the trade debt to its landlord, vendors, employees, a union, taxes, professionals and others. While Greystone asserts a security interest in all of the Debtor's assets. The Purchaser will be assuming all obligations due to Greystone. The Debtor owes substantial sums to 1199SEIU United Healthcare Workers East (the "Union") and 1199SEIU Benefit and Pension Funds (the "Funds"). As of the Petition Date, the Union was the collective bargaining representative for approximately 410 current and former employees of the Debtor, and the Funds are multi employer benefit welfare and pension plans maintained under a collective bargaining agreement. The Union and Funds assert Claims in excess of approximately $62,463,549.00 (consisting of administrative expense claims of roughly $2,737,214.76, priority claims of roughly $9,420,497.84 and general unsecured claims of roughly $50,305,836.40). The Debtor disputes these claims as described in greater detail in the "SEIU's Claims Against the Debtor" section of the Liquidation Analysis. 1199SEIU United Healthcare Workers East (the "Union") and the 1199SEIU Benefit and Pension Funds (the "Funds") emphasize that the projected allowed amounts of administrative and other priority claims set forth in the plan, disclosure statement and liquidation analysis exclude approximately $2,737,214.76 of administrative and $9,420,497.84 in priority claims filed by the Union and the Funds. The Debtor's statement regarding the Union's administrative and priority claims contains misrepresentations, and the Debtor has not offered any factual or legal basis herein for disputing, reclassifying or otherwise excluding the Union's $1.36 million administrative claim or its $1.1 million priority claim from projected allowed amounts in the plan, disclosure statement and liquidation analysis. The Union and Funds strongly caution that the justifications provided by the Debtor for excluding the Pension Fund's $1.37 million administrative claim and the Funds' $8.32 million priority claims from projected allowed amounts in the plan, disclosure statement and liquidation analysis contain unsupportable legal positions and factual misrepresentations. Unless otherwise provided in the Plan, any Distributions and deliveries to be made under the Plan shall be made on the Effective Date or as soon thereafter as is practicable, in the Plan Administrator's sole discretion. For the avoidance of doubt, no Holder of an Allowed Claim shall receive any Distribution on account of such Allowed Claim until all proper reserves have been established by the Plan Administrator. For any Disputed Claim, the Plan Administrator shall establish reserves in the full liquidated amount of the filed claim. For any Disputed Claim filed as fully contingent or unliquidated, unless the claimant agrees to different treatment, the Plan Administrator shall establish reserves in the full estimated amount determined by the Bankruptcy Court pursuant to section 502(c) of the Bankruptcy Code in accordance with section 7.3 of the Plan. Further, the Plan Administrator may withhold from Distributions and retain such amounts as are reasonably necessary to (i) to pay Post-Effective Date Expenses, (ii) satisfy other liabilities to which the Plan Administrator is otherwise subject, in accordance with the Plan and the Plan Administrator Agreement, and (iii) establish any necessary reserve(s). The Plan provides that on the Effective Date the employment of all officers and directors of the Debtor shall be terminated and after the Effective Date the Debtor shall be managed solely by the Plan Administrator with oversight from the Post-Confirmation Committee. A full-text copy of the Amended Disclosure Statement dated February 9, 2026 is available at https://urlcurt.com/u?l=GQSw51 from PacerMonitor.com at no charge. Counsel to the Debtor: Schuyler G. Carroll, Esq. Russell E. Potter, Esq. Thomas A. Whittington, Esq. MANATT, PHELPS & PHILLIPS, LLP 7 Times Square New York, NY 10036 Tel: (212) 790-4500 Email: scarroll@manatt.com rpotter@manatt.com twhittington@manatt.com About Cold Spring Acquisition Cold Spring Acquisition LLC operates a 588-bed skilled nursing and rehabilitation facility in Woodbury, N.Y. In particular, the senior care facility provides hospice, dementia care, medical needs, as well as short-term and long-term rehabilitation care. The senior care facility also runs a senior day program. Cold Spring Acquisition sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-22002) on January 2, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and between $50 million and $100 million in liabilities. Judge Sean H. Lane handles the case. Russell E. Potter, Esq., and Schuyler Carroll, Esq., at Manatt, Phelps & Phillips represent the Debtor as legal counsels. COMPLEMAR PARTNERS: Gets Extension to Access Cash Collateral ------------------------------------------------------------ The U.S. Bankruptcy Court for the Western District of New York entered a fourth stipulated order authorizing Complemar Partners, Inc. and its affiliates to continue using cash collateral. Under the stipulated order, the Debtors are authorized to use cash collateral including accounts receivable, inventory, and proceeds through April 7, strictly in accordance with a 13-week cash flow budget, subject to a 10% monthly variance. The Debtors acknowledge secured debt of $409,904.56 to Five Star Bank, a pre-bankruptcy senior secured lender, which holds a first-priority blanket lien; and $5,859,826.08 to the Series D noteholders, which hold a subordinate lien. As adequate protection, the court granted roll-over and replacement liens on all post-petition assets of the Debtors, maintaining the lenders' respective pre-bankruptcy priorities, subject to a limited carveout. Five Star will continue to receive monthly payments of $5,500. Failure to make the monthly payments or satisfy the Five Star debt by May 1 constitutes a default that terminates the Debtor's authority to use cash collateral. Additional protections include regular financial reporting. The replacement liens are subject to a carveout covering U.S. Trustee, Clerk, Chapter 7 trustee fees, and up to $90,000 in approved Debtors' counsel fees prior to an event of default. Parties in interest retain the right to challenge the validity or amount of secured claims for 60 days following entry of the court order. The next hearing is scheduled for February 26, with objections due by February 19. The order is available at https://is.gd/246qKC from PacerMonitor.com. About Complemar Partners Complemar Partners, Inc., provides fulfillment, co-packing and kitting, and returns management services, leveraging technology and integrated solutions to support supply chain operations. Headquartered in Rochester, New York, the Debtor operates over 400,000 square feet of warehouse space, handling more than 680 million items annually and serving over 1,000 customers across more than 30 countries. It serves clients in e-commerce, health and beauty, subscription boxes, telecom, and wine and spirits industries. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. N.Y. Case No. 25-20610) on August 28, 2025, listing between $10 million and $50 million in assets and liabilities. David Van Rossum, chief executive officer, signed the petition. Judge Warren oversees the case. Sara C. Temes, at Bond, Schoeneck & King PLLC, is the Debtor's legal counsel. COMPLETE FLASHINGS: Seeks Chapter 7 Bankruptcy in Illinois ---------------------------------------------------------- On February 3, 2026, Complete Flashings, Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of Illinois. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Complete Flashings, Inc. Complete Flashings, Inc. is an Illinois-based company specializing in the fabrication and installation of architectural sheet metal and roofing flashings for commercial and residential construction projects. Complete Flashings, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-01997) on February 3, 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 Janet S. Baer handles the case. The Debtor is represented by Timothy M. Hughes, Esq., of Lavelle Law, Ltd. DIVISION 2: Court Extends Cash Collateral Access to July 31 ----------------------------------------------------------- Division 2 Trucking Company received a six-month extension from the U.S. Bankruptcy Court for the District of Minnesota to use cash collateral to fund operations. Under the order, the Debtor is authorized to use cash collateral subject to creditors' interests through July 31 to cover business and administrative expenses, provided spending stays within the approved budget unless otherwise authorized by the court. The Debtor projects total disbursements of $1,260,996 for the six-month period. As of the petition date, the creditors that may assert an interest in assets constituting cash collateral are Avion Funding, LLC ($106,292.76), Blade Funding Corp. ($458,708), Headway Capital, LLC ($79,229.53.), and Rowan Advance, LLC ($103,312.50.). As adequate protection, secured creditors will receive replacement liens on post-petition inventory, accounts, equipment, and general intangibles, with the same priority, dignity, and effect as their pre-bankruptcy liens. These replacement liens do not apply to Chapter 5 avoidance actions and their proceeds. The Debtor is required to maintain insurance on its assets during the interim period as additional protection. The Debtor's authority to use cash collateral ends if it defaults under the order and the default is not cured within seven business days. The order is available at https://is.gd/FXGgvd from PacerMonitor.com. About Division 2 Trucking Company Division 2 Trucking Company operates as an intrastate trucking carrier based in Minnesota. It primarily provides hauling services for construction materials and aggregates within the state. Division 2 Trucking Company sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 25-32182) on July 16, 2025, listing between $50,001 and $100,000 in assets and between $1 million and $10 million in liabilities. Judge Katherine A. Constantine oversees the case. Joel D. Nesset, Esq., at Cozen O'Connor, represents the Debtor as legal counsel. DOMAIN HOMESHARING: Commences Chapter 7 Bankruptcy in Ilinois ------------------------------------------------------------- On February 4, 2026, Domain Homesharing Management LLC filed for Chapter 7 protection in the Northern District of Illinois. According to court filings, the Debtor reports liabilities of $100,001–$1,000,000 owed to 1–49 creditors. About Domain Homesharing Management LLC Domain Homesharing Management LLC operates as a property management company specializing in short-term and home-sharing rentals. Domain Homesharing Management LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-02087) on February 4, 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 Jacqueline P. Cox handles the case. The Debtor is represented by William J. Factor, Esq. DP LOUISIANA: Court Extends Cash Collateral Access to March 4 ------------------------------------------------------------- DP Louisiana, LLC received seventh interim approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to use cash collateral to fund its operations. The seventh interim order authorized the Debtor to use cash collateral through March 4. The Debtor intends to use cash received from the sale of hydrocarbons in which a secured creditor may assert security interests pursuant to the Louisiana Oilwell Lien Act (LOWLA). It has identified 26 creditors, which may possess lien rights against the oil and gas leases and equipment it owns. As adequate protection, the LOWLA lienholders will be granted perfected replacement liens on collateral as to which they had a first priority lien as of the petition date, subject to the carveout for certain fees; and junior perfected liens on the collateral that is subject to a validly perfected lien with priority over the LOWLA lienholders' liens as of the petition date. In case the replacement liens prove to be inadequate to protect the LOWLA lienholders, an allowed superpriority administrative expense claim will be granted to such lienholders, subject to the carveout. The eighth interim hearing is scheduled for March 4. A copy of the seventh interim order and the Debtor's budget is available at https://shorturl.at/FtbKN from PacerMonitor.com. About DP Louisiana LLC DP Louisiana LLC is engaged in oil and gas extraction operations. It is based in Louisiana and uses EAG Services in Houston, Texas, for administrative support. DP Louisiana sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 25-11366) on June 30, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Judge Meredith S. Grabill handles the case. The Debtor is represented by Douglas S. Draper, Esq., at Heller, Draper & Horn, L.L.C. DR LAWRENCE: Seeks Chapter 7 Bankruptcy in California ----------------------------------------------------- On February 11, 2026, Dr. Lawrence Matt MD Inc. filed for Chapter 7 protection in the Central District of California. According to court filing, the Debtor reports between $100,001 and $1 million in debt owed to 1–49 creditors. About Dr. Lawrence Matt MD Inc. Dr. Lawrence Matt MD Inc. is a medical practice providing healthcare services under the direction of Dr. Lawrence Matt in California. Dr. Lawrence Matt MD Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26‑11273) on February 11, 2026. In its petition, the Debtor reports estimated assets of $100,001–$1 million and estimated liabilities of $100,001–$1 million. Honorable Bankruptcy Judge Barry Russell handles the case. ECOM AUTHORITY: Plan Exclusivity Period Extended to May 1 --------------------------------------------------------- Judge Laurel M. Isicoff of the U.S. Bankruptcy Court for the Southern District of Florida extended ECom Authority, LLC's exclusive periods to file a plan of reorganization and obtain acceptance to May 1 and June 30, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that while the Bankruptcy Code does not define "cause" under Section 1121(d)(1), courts have analyzed cause to extend the Exclusivity Periods under non-exclusive factors. These factors support granting Debtor's requested extension of the Exclusivity Periods as follows: * Size and complexity of the case. This case involves over $45 million in asserted claims filed by 408 creditors, an ongoing inventory liquidation process, and potential litigation claims that require investigation. The CRO and his team have spent considerable time responding to store owner and creditor questions and information requests and dealing with various governmental agencies. The size and scope of these issues justify additional time. * Necessity of sufficient time to prepare adequate information. The Debtor will be able to provide more meaningful disclosure after it has a clearer picture of the estate's assets, including the proceeds from inventory sales, the amount of inventory that has been and continues to be returned to the warehouse, and more information on potential litigation claims. * Whether the debtor is seeking an extension to pressure creditors. The Debtor is not seeking an extension to pressure creditors. The Debtor hopes its eventual plan of liquidation will have the support of its creditor body. * Whether unresolved contingencies exist. Several unresolved contingencies exist: the inventory liquidation is ongoing, the investigation of litigation claims is in its early stages, and the Debtor needs to begin to review the proofs of claim, including the extent, validity, and priority of SFI's secured claims. Ecom Authority, LLC is represented by: Michael S. Hoffman, Esq. Lessne Hoffman, PLLC 100 SE 3rd Avenue, 10th Floor Fort Lauderdale, FL 33394 Telephone: (954) 372-5759 Email: mhoffman@lessnehoffman.law Ecom Authority LLC Ecom Authority, LLC, is a wholesaler doing business in Texas. On July 9, 2025, Austin Collins and four other creditors filed an Chapter 7 involuntary petition against Ecom Authority (Bankr. S.D. Fla. Case No. 25-17808). The creditors are represented by Patricia A. Redmond, Esq., at Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. The Debtor filed a motion to convert the involuntary case from chapter 7 to chapter 11 pursuant to Local Rule 1013âˆ’1(B). Judge Laurel M. Isicoff on Oct. 3, 2025, ordered that relief under chapter 11 of the Bankruptcy Code (Title 11 of the United States Code) is granted. The Debtor tapped Michael S. Hoffman, Esq., at Lesse Hoffman, PLLC as bankruptcy counsel; and Bast Amron, LLP and Phang & Feldman, PA as special litigation counsel. Guy Van Baalen, Acting U.S. Trustee for Region 21, appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. The committee is represented by Markowitz, Ringel, Trusty & Hartog, P.A. ENCOMPASS ENTERPRISES: August 10 Governmental Claims Bar Date ------------------------------------------------------------- On February 10, 2026, Encompass Enterprises LLC filed for Chapter 11 protection in the District of Maryland. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 50–99 creditors. Governmental units must submit their claims no later than August 10, 2026. About Encompass Enterprises LLC Encompass Enterprises LLC is a Maryland-based business entity engaged in diversified commercial operations and enterprise management services. Encompass Enterprises LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11403) on February 10, 2026. In its petition, the Debtor reports estimated assets of $100,001–$1,000,000 and estimated liabilities of $1 million–$10 million. ESCAMBIA OPERATING: Court Converts Bankruptcy Case to Chapter 7 --------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Mississippi granted the motion filed by Drew McManigle, the duly appointed chapter 11 trustee for Escambia Operating Company, LLC and its affiliates, to convert the Chapter 11 cases to Chapter 7 pursuant to 11 U.S.C. Sec. 1112(b). The Trustee has represented that absent conversion, the Escambia Debtors' estates will continue to diminish to the detriment of creditors. He has consistently and credibly informed the Court of the difficulty he has encountered in administering the Escambia Cases. Escambia Operating no longer operates the Big Escambia Creek field, and most of the Escambia Debtors' "hard" assets have been sold to SEP Escambia, LLC. Postpetition administrative expenses and lack of ongoing operations that cause negative cash flow can be sufficient to establish a substantial or continuing loss to or diminution of the estate. According to the Disclosure Statement, as of December 15, 2025, an estimated $6.8 million in professional fees and expenses remains to be paid in the Escambia Cases. At the Hearing, the Trustee testified that an approximate $16 million in total administrative expenses including royalties remains to be paid. These ongoing expenses associated with administering the estates constitute a "continuing loss to or diminution of the estate." The Court finds that conversion to chapter 7 is in the best interest of creditors and the estates. After having surmounted many serious obstacles, conversion of these Escambia Cases to chapter 7 is not the hoped-for outcome but is necessitated by the current facts and posture of the cases. According to the Court, the inability of the Escambia Debtors to propose a feasible liquidation plan and the continuing costs of administering these estates -- including expensive protracted litigation with the Resource Strategies Group -- render the current posture of the Escambia Cases untenable because the estates are diminishing in value and have no reasonable likelihood of rehabilitation. Accordingly, the Motion to Convert is granted and the Escambia Cases are converted to a chapter 7 case and shall proceed under Escambia Operating's case number as the lead bankruptcy case. The UST is ordered to appoint a chapter 7 trustee. All pending matters in the Escambia Cases are held in abeyance pending the appointment of the chapter 7 trustee. A copy the Court's Order dated February 12, 2026, is available at https://urlcurt.com/u?l=ONmg5W from PacerMonitor.com. About Escambia Operating Company Escambia Operating Company, LLC and its affiliates, Escambia Asset Company, LLC and Blue Diamond Energy, Inc., filed Chapter 11 petitions (Bankr. S.D. Miss. Lead Case No.23-50491) on April 2, 2023, with $10 million to $50 million in both assets and liabilities. Judge Jamie A. Wilson oversees the cases. The Debtors tapped Patrick A. Sheehan, Esq., and Steve Wright Mullins, Esq., as bankruptcy attorneys. Drew McManigle, the Chapter 11 trustee appointed in the Debtors' cases, tapped Jones Walker, LLP as bankruptcy counsel; MACCO Restructuring Group, LLC as financial advisor; M P Boots Petroleum Engineering Services, LLC as valuation advisor; and Matthews, Cutrer and Lindsay, PA as accountant. FRIENDS OF ROOSEVELT: Moody's Lowers Revenue Bonds Rating to Ba1 ---------------------------------------------------------------- Moody's Ratings has downgraded Friends of Roosevelt Children's Academy Charter School, Inc.(NY)'s revenue bonds rating to Ba1 from Baa2. The rating is on review with uncertain direction due to insufficient information. The downgrade to Ba1 reflects the school's covenant breach in fiscal 2025 and ongoing operational and demand challenges. RATINGS RATIONALE The Ba1 rating reflects materially constrained financial flexibility and elevated operating risk if the school fails to execute on significant turnaround measures. Enrollment below target coupled with a diminished waitlist and further expansion plans will strain budgets going forward. The school has reported that significant expense cuts and engagement of a management consultant beginning in January 2026 will improve operating performance by fiscal year end. Material rightsizing is needed to meet covenant coverage requirements going forward. The rating also incorporates favorable liquidity in the near-term and the successful completion of the construction project funded by the Series 2023 bonds. Governance is a key driver of the rating given management's inability to provide guidance on financial reporting. RATING OUTLOOK The review with direction uncertain is prompted by the lack of sufficient, current financial information. If the information is not received over the next 30 days, Moody's will take appropriate rating action which could include the withdrawal of the issuer's ratings. PROFILE Roosevelt Children's Academy Charter School operates two campuses authorized by the State University of New York - Charter School Institute. The charter was renewed in early 2025 for another five-year period. In the 2025-2026 school year, the school served approximately 685 students grades K-8. The school plans to add a preschool and high school beginning in fall 2026. METHODOLOGY The principal methodology used in these ratings was US Charter Schools published in April 2024. GAS POS: Gets Interim OK to Use Cash Collateral Until Feb. 25 ------------------------------------------------------------- Gas Pos, Inc. received interim approval from the U.S. Bankruptcy Court for the Northern District of Alabama, Southern Division, to use cash collateral through February 25. The Debtor needs to use cash collateral to continue operating its business and to pay pre-bankruptcy wages, compensation and employee benefits while it prepares for a sale of its operations. The cash collateral consists of income, receivables, and other cash that may be subject to liens asserted by secured creditors, including AC Funding Group, BMT Capital Group, Cedar Advance, Krowten GP, Quiq Income Fund, and Southpoint Bank. The Debtor offers protection to secured creditors through replacement liens on post-petition cash collateral, with the same priority and validity as their pre-bankruptcy liens. To demonstrate feasibility, the Debtor submitted a 13-week budget detailing expenses and projecting approximately $435,000 in income. Gas Pos, a software company that services gas stations and convenience stores nationwide, filed for Chapter 11 protection on February 2 after experiencing significant operational and capital structure stress. It filed bankruptcy to streamline operations and pursue a sale to a stalking horse bidder. The interim order is available at https://is.gd/bVh9ru from PacerMonitor.com. About Gas Pos Inc. Gas Pos, Inc. a company based in Birmingham, Alabama, provides point-of-sale (POS) systems, EMV-compliant fuel dispensers, and back-office software solutions for gas stations, convenience stores, and fuel retailers, offering cloud-based platforms for transaction processing and reporting. Founded in 2015, the company serves the fuel retail and trucking sectors across the U.S., integrating hardware and software to manage sales, payments, and fleet card transactions. Gas Pos sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ala. Case No. 26-00362) on February 2, 2026, listing assets of between $10 million and $50 million and liabilities of between $50 million and $100 million. Joshua Smith, chief executive officer, signed the petition. Judge D. Sims Crawford oversees the case. Richard Scott Williams, Esq., at Rumberger Kirk & Caldwell, PA, represents the Debtor as legal counsel. GILBERT LEGGETT: Court Extends Cash Collateral Access to Feb. 28 ---------------------------------------------------------------- Gilbert Leggett Farms, Inc. received another extension from the U.S. Bankruptcy Court for the Eastern District of North Carolina to use cash collateral. The court issued its seventh interim order extending the Debtor's authority to use cash collateral through February 28 to pay the expenses set forth in its budget, subject to a 10% variance per line item. The Debtor projects total operational expenses of $99,486 for the interim period. Secured creditors Ag Resource Management/Agrifund, LLC and AgCarolina Farm Credit, ACA assert liens on the Debtor's assets, including cash collateral. A subordination agreement gives Agrifund a first priority status. As adequate protection, the secured creditors' pre-bankruptcy security interests will continue to attach to post-petition collateral, maintaining the same priority and extent as on the petition date. The seventh interim order will remain in full force and effect until February 28, 2026, unless terminated earlier by agreement or by the court; confirmation of a plan of reorganization; or upon filing of a notice of default, whichever comes first. The next hearing is scheduled for March 3. About Gilbert Leggett Farms Inc. Gilbert Leggett Farms, Inc. grows and sells sweet potato seed plants, including the Covington variety, and is also involved in cultivating crops such as peanuts, sweet corn, and cotton. Gilbert Leggett Farms sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-02668) on July 14, 2025. In its petition, the Debtor reported total assets of $2,329,639 and total liabilities of $2,340,328. Judge Pamela W. Mcafee handles the case. David J. Haidt, Esq., at Ayers & Haidt, P.A. is the Debtor's legal counsel. Ag Resource Management/Agrifund, LLC, as secured creditor, is represented by: Ciara L. Rogers, Esq. Waldrep Wall Babcock & Bailey, PLLC 3600 Glenwood Avenue, Suite 210 Raleigh, NC 27612 Telephone: 919-589-7985 crogers@waldrepwall.com AgCarolina Farm Credit, ACA, as secured creditor, is represented by: Matthew P. Weiner, Esq. Poyner Spruill, LLP P.O. Box 1801 Raleigh, NC 27602-1801 Telephone: (919) 783-6400 Facsimile (919) 783-1075 mweiner@poynerspruill.com GLENWOOD CAVERNS: Case Summary & 18 Unsecured Creditors ------------------------------------------------------- Debtor: Glenwood Caverns Holdings LLC Glenwood Caverns Adventure Park 51000 Two Rivers Plaza Road Glenwood Springs, Co 81601 Business Description: Glenwood Caverns Holdings LLC owns and operates the Glenwood Caverns Adventure Park in Glenwood Springs, Colorado, a mountaintop amusement park located on Iron Mountain at 7,100 feet above sea level and accessible by gondola. The company manages a network of natural cave tours and amusement rides, including the Alpine Coaster, and has expanded its attractions since opening in 1999. The Park draws roughly 200,000 visitors annually. Chapter 11 Petition Date: February 9, 2026 Court: United States Bankruptcy Court District of Delaware Case No.: 26-10166 Debtor's Local Bankruptcy Counsel: William A. Hazeltine, Esq. SULLIVAN NIMEROFF BROWN HILL LLC 919 North Market Street, Suite 420 Wilmingon DE 19801 Tel: (302) 428-8191 Email: whazeltine@snbhlaw.com Debtor's General Bankruptcy Counsel: BROWNSTEIN HYATT FARBER SCHRECK, LLP Debtor's Chief Restructuring Officer: Paul D. Maniscalco MACCO RESTRUCTURING GROUP, LLC Debtor's Special Counsel: OTTESON SHAPIRO, LLP Estimated Assets: $10 million to $50 million Estimated Liabilities: $100 million to $500 million The petition was signed by Paul Maniscalco as proposed chief restructuring officer for the Debtor. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/EHKPZXY/Glenwood_Caverns_Holdings_LLC__debke-26-10166__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 18 Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Estifanos Dagne and Judgment $119,841,720 Rahel Estifanos Sweetbaum Miller Attn: Allan Sweetbaum 1200 17th St., Ste. 1250 Denver, CO 80202 Dulin McQuinn Young, LLP Attn: Kari Jones Dulin 4949 Syracuse St., Ste. 400 Denver, CO 80237 The Dan Caplis Law Firm LLC Attn: Daniel J. Caplis 6400 S. Fiddlers Green Cir., Ste. 2200, Greenwood Village, CO 80111 2. Novogradac Trade Payable $10,000 PO Box 7833 San Francisco, CA 94120-7833 Email: novo_ar@novoco.com 3. Certified Travel Media LLC Trade Payable $7,547 11 Largo Drive South Stamford, CT 06907 Email: billing@ctmmedia.com 4. Lowes WebPay Trade Payable $5,092 PO Box 530954 Atlanta, GA 30353-9054 5. Cape Shore Trade Payable $3,752 PO Box 866 Yarmouth, ME 04096 Email: invoice@cape-shore.com 6. Sink Public Relations LLC Trade Payable $3,500 3315 S Birch St Denver, CO 80222 Email: britny@acclimatepr.com 7. Capture The Action Prod LLP Trade Payable $3,438 PO Box 6803 Eagle, CO 81631 Email: info@ctadigitalmedia.com 8. Scandical Trade Payable $3,412 6060 Emerald Ave Las Vegas, NV 89122 Email: bodil@scandical.com 9. Floyd Mountain Plumbing Inc Trade Payable $2,594 160 Mineota Dr Silt, CO 81652-8780 Email: Floydmountainplumbing@gmail.com 10. Lakeshirts LLC Trade Payable $1,767 PO Box 52 Detroit Lakes, MN 56502 Email: invoices@lakeshirts.com 11. Indeed Inc Trade Payable $1,000 Mail Code 5160 PO Box 660367 Dallas, TX 75266-0367 Email: billing@indeed.com 12. Aurora World Inc Trade Payable $289 8820 Mercury Lane Pico Rivera, CA 90660 Email: info@auroragift.com 13. AllOne Health Resources Trade Payable $275 PO Box 75501 Chicago, IL 60675-5501 Email: billing@allonehealth.coom 14. Magic Shine LLC Trade Payable $240 1411 Huebinger Dr Glenwood Springs, CO 81601 Email: helmer1411@comcast.net 15. Arvesen Water LLC Trade Payable $196 1107 Hendrick Dr Carbondale, CO 81623 Email: marjorie.c@culliganwatercolorado.com 16. ImageNet Consulting LLC Trade Payable $158 Department 960655 Oklahoma City, OK 73196 17. Western Paper Distributors Trade Payable $157 PO Box 23055 New York, NY 10087-3055 Email: billing@westernpaper.com 18. Shamrock Foods Company Trade Payable $112 PO Box 933534 Atlanta, GA 31193-3534 Email: Madison_mendenhall@shamrockfoods.com GOOD CITIZEN: Claims to be Paid from Property Sale Proceeds ----------------------------------------------------------- The Good Citizen, LLC filed with the U.S. Bankruptcy Court for the District of Oregon a Plan of Reorganization dated February 7, 2026. The Debtor was originally formed in 2022 to purchase and manage the property located at 916-926 SE 34th Ave. Portland, OR 97214 (the "Property"). The Property at 916 SE 34th Avenue consists of 2 buildings and a parking lot. The buildings are attached but were constructed at different times. The Debtor purchased the Property in 2022 and has been leasing out the Property. Debtor fell behind on the payments to the first Trust deed and a foreclosure by the first trust deed holder was stayed by the bankruptcy filing. Debtor's other debt is a second trust deed and promissory note of $1,334,817 and real property taxes owed to Multnomah County of $18,463.96. The Good Citizen LLC intends to immediately list the property for sale. The value of the property is at least $2,000,000 and the timeline to complete the sale will likely take the entirety of the 2026 calendar year. Debtor has a 2024 appraisal that values the property for over $2,000,000.00. The Plan is to sell the Property to pay off the 1st Trust deed and Property Taxes in full. The 2nd trust deed will be paid all net proceeds after payment of the First Trust Deed and the Property Taxes. On or before December 15, 2026, Debtor will sell the Property to pay off the 1st Trust Deed in Full, the Property taxes in Full and all net proceeds left will be paid toward the 2nd Trust deed. The unsecured creditors will receive nothing under the plan. Class 4 General Unsecured Creditors. All general unsecured creditors will be paid nothing. Class 5 Equity interest of Kevin Cavenaugh. Kevin Cavenaugh will retain no interest in the debtor after the sale of The Property. After the sale of The Property Debtor will be dissolved. The Plan will be funded by sale of the Property. The property will be listed immediately. A full-text copy of the Plan of Reorganization dated February 7, 2026 is available at https://urlcurt.com/u?l=z7Pefx from PacerMonitor.com at no charge. Counsel to the Debtor: Ted A. Troutman, Esq. Troutman Law Firm P.C. 5075 SW Griffith Dr., Ste 220 Beaverton, OR 97005 Tel: 503-292-6788 Fax: 503-596-2371 E-mail: tedtroutman@gmail.com About The Good Citizen LLC The Good Citizen, LLC was originally formed in 2022 to purchase and manage the property located at 916-926 SE 34th Ave. Portland, OR 97214 (the "Property"). The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ore. Case No 26-30418) on February 07, 2026, with $1,000,001 to $10 million in assets and liabilities. Judge David W. Hercher presides over the case. Ted A. Troutman, Esq. at Troutman Law Firm P.C. represents the Debtor as legal counsel. GST INC: Unsecured Creditors Will Get 1.5% of Claims in Plan ------------------------------------------------------------ GST Inc. filed with the U.S. Bankruptcy Court for the District of Delaware a Combined Disclosure Statement and Plan of Reorganization dated February 9, 2026. In 2023, Michael Johnson, a legendary American track and field athlete and sports broadcaster, conceived of the Company, also known as "Grand Slam Track," as a new professional track and field league. Following his retirement from competition, Mr. Johnson remained actively involved in track and field through extensive work as a television commentator and analyst covering international competitions and Olympic Games. By the time GST was conceived, Mr. Johnson was widely known not only for his athletic accomplishments, but also for his experience and perspective on the commercial and structural aspects of professional track and field, which informed his involvement in the Company's founding. In the period leading up to the commencement of this Chapter 11 Case, the Company continued to operate and execute its inaugural season based on good-faith and reasonable expectations of additional funding from multiple sources, including extensive diligence and repeated positive indications from potential investors that were fully informed of the Company's liquidity position. At the same time, the Company had made firm commitments to athletes, broadcasters, and commercial partners, and cancelling events after athletes had structured their training and competitive calendars around those competitions would have caused the Company material disruption and reputational harm. The liquidity challenges and resulting pressure from creditors that ultimately led to this filing were driven by the timing and withdrawal of anticipated financing and the inherent capital demands of launching a new professional sports league. Class 3C consists of General Unsecured Claims. Except to the extent that the holder of an Allowed General Unsecured Claim agrees to less favorable treatment, each holder of an Allowed General Unsecured Claim shall receive a Pro Rata distribution of the Allowed General Unsecured Claim Fund. Class 3C is Impaired under the Plan. Holders of Allowed General Unsecured Claims are entitled to vote to accept or reject the Plan. The allowed unsecured claims total $12,900,000. This Class will receive a distribution of 1.5% of their allowed claims. In the event Class 3C (as a Class) votes to reject the Plan, no Distribution under the Plan will be made to holders of Class 3C Claims. Class 4 consists of all Equity Security Interests in the Debtor. On the Effective Date, all Equity Security Interests in the Debtor shall be cancelled, released, and extinguished, and the holders of Equity Security Interests shall receive no Distribution under the Plan. The Plan will be funded by the New Value Contribution and any other Cash of the Estate on hand as of the Effective Date. The Plan Sponsor shall deposit the New Value Contribution into a segregated account designated by the Debtor at least five days prior to the Confirmation Hearing. Additionally, capital contributions to the Reorganized Debtor will be made by the Plan Sponsor to provide the Reorganized Debtor with adequate funding for the Reorganized Debtor's business as set forth in the Plan. A full-text copy of the Combined Disclosure Statement and Plan dated February 9, 2026 is available at https://urlcurt.com/u?l=IahIJc from PacerMonitor.com at no charge. Counsel for the Debtor: REED SMITH LLP Jason D. Angelo, Esq. Matthew P. Milana, Esq. 1201 North Market Street, Suite 1500 Wilmington, DE 19801 Telephone: (302) 778-7500 Facsimile: (302) 778-7575 Email: jangelo@reedsmith.com Email: mmilana@reedsmith.com LEVENE, NEALE, BENDER, YOO & GOLUBCHIK L.L.P. David B. Golubchik, Esq. David B. Golubchik, Esq. 2818 La Cienega Avenue Los Angeles, CA 90034 Telephone: (310) 229-1234 Facsimile: (310) 229-1244 Email: dbg@lnbyg.com Email: kjm@lnbyg.com About GST Inc. GST Inc. was formed by Michael Johnson in 2023 as a new professional track and field league intended to operate alongside existing international and domestic track competitions. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12188) on December 11, 2025, with $0 to $50,000 in assets and $10,000,001 to $50 million in liabilities. Judge Karen B. Owens presides over the case. Reed Smith LLP and Levene Neale Bender Yoo & Golubchik LLP are serving as the Debtor's legal counsel. HANNON ENTERPRISE: Gets Interim OK to Use Cash Collateral --------------------------------------------------------- The United States Bankruptcy Court for the Middle District of Florida, Orlando Division, entered an order granting Hannon Enterprise Group, LLC interim approval to use cash collateral. Under the order, the Debtor is authorized to use cash collateral to pay court-approved expenses, including U.S. Trustee quarterly fees, and to pay ordinary and necessary operating expenses set forth in the budget, with up to a ten percent variance per line item. The Debtor may also make additional expenditures with the express written approval of U.S. Bank. All use of cash collateral must comply with the terms of the order and remains subject to the interim time limitation. As adequate protection, U.S. Bank will be granted a perfected post-petition replacement lien on cash collateral with the same validity, priority, and extent as its prepetition lien, without the need for further filings or documentation under non-bankruptcy law. The Debtor is also required to maintain insurance coverage in accordance with its loan and security agreements with U.S. Bank and to continue performing all duties required of a debtor-in-possession under the Bankruptcy Code and applicable court orders. The order is entered without prejudice to the rights of any party in interest to seek modified adequate protection, additional restrictions on the use of cash collateral, or other relief. The Court retained jurisdiction to enforce the order. A continued preliminary hearing is scheduled for February 24. About Hannon Enterprise Group LLC Hannon Enterprise Group, LLC, a single-asset real estate entity under 11 U.S.C. Section 101(51B), owns an office building at 1110 Highway AIA, Satellite Beach, Florida, with an appraised value of $2.15 million. Hannon Enterprise Group filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-08135) on December 15, 2025, listing between $1 million and $10 million in assets and liabilities. Judge Lori V. Vaughan presides over the case. Mark S. Steinberg, Esq., at Mark S. Steinberg, P.A. represents the Debtor as legal counsel. HILLENBRAND INC: Moody's Cuts CFR to B2 & Sr. Unsecured Notes to B3 ------------------------------------------------------------------- Moody's Ratings downgraded the ratings of Hillenbrand, Inc. (Hillenbrand), including the corporate family rating to B2 from Ba1, probability of default rating to B2-PD from Ba1-PD, and senior unsecured notes ratings to B3 from Ba1. The outlook is stable. Previously, the ratings were on review for downgrade. Moody's also withdrew Hillenbrand's Speculative Grade Liquidity (SGL) rating of SGL-2. The rating action concludes the review for downgrade of Hillenbrand's ratings initiated on October 15, 2025 following Hillenbrand's October 15, 2025 announcement that Hillenbrand entered into a definitive agreement to be acquired by an affiliate of Lone Star Funds. The downgrade of the ratings reflects that Hillenbrand has been acquired by a lower-rated, higher leveraged entity, LSF12 Helix Parent, LLC (Helix Parent, B2 stable), following the completion of the leveraged buyout (LBO). The downgrade also considers that Hillenbrand is a guarantor of Helix Parent's obligations under Helix Parent's senior secured first-lien bank credit facilities and senior secured first lien notes. The B3 ratings of Hillenbrand's senior unsecured notes that remain outstanding following the completion of a change of control offer for these notes also reflect the difference in guarantees and collateral pledged to the holders of the notes compared to the guarantees and collateral pledged to the lenders of Helix Parent and the holders of notes issued by Helix Parent. The governance score was changed to G-4 from G-3 to reflect Hillenbrand's shift to more aggressive financial policies, highlighted by the company's willingness to assume much higher financial leverage in a leveraged buyout. The governance score also reflects the change to concentrated ownership with limited independent board member representation. Along with the change in the governance score, Moody's also changed Hillenbrand's Credit Impact Score to CIS-4 from CIS-3. RATINGS RATIONALE Hillenbrand's ratings reflect the company's solid position in niche markets as a large provider of processing, material handling, and molding equipment and systems. With a global footprint, Hillenbrand has good end market and geographic diversification. The ratings also reflect the benefits of long-term growth trends and a large installed base of equipment providing a recurring revenue stream from higher margin aftermarket sales. Moody's expects Hillenbrand to focus on strong cost and expense controls to drive margin improvement. The ratings are constrained by Hillenbrand's exposure to cyclical markets. Deferred customer spending, particularly for large capital equipment during economic downturns, could exert pressure on revenue. Hillenbrand has modest scale in competitive and fragmented industrial markets. As a guarantor of Helix Parent's obligations, the company is exposed to the risk of a highly leveraged capital structure. Hillenbrand's liquidity is good, supported by Moody's expectations for free cash flow of more than $110 million over the next 12 months, driven by higher earnings and improved working capital management. Liquidity is further underpinned by Helix Parent's $430 million senior secured first lien revolving credit facility. The revolving credit facility has a springing covenant with a maximum first lien net leverage ratio. Moody's do not expect the springing covenant to be tested over the next 12 months. The stable outlook reflects Moody's expectations that steady revenue and strong cost and expense controls will drive higher earnings, lowering financial leverage and generating positive free cash flow. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if Hillenbrand improves profitability, adjusted debt to-EBITDA is sustained below 5.0x, adjusted EBITA-to-interest is sustained above 3.0x and the company generates strong positive free cash flow. The ratings could be downgraded if adjusted debt-to-EBITDA will be sustained above 6.0x, adjusted EBITA-to-interest will be sustained below 2.0x, or the company makes a large debt funded acquisition or dividend payment. If liquidity weakens, including an expectation of negative free cash flow or diminishing revolver availability, the ratings could also be downgraded. The principal methodology used in these ratings was Manufacturing 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. Headquartered in Batesville, IN, Hillenbrand, Inc. manufactures processing, material handling, hot runner and process control, and molding equipment and systems. Its product portfolios include feeding, material handling, compounding, extrusion, conveying, ingredient automation, and screening and separating equipment; hot runner systems; and mold bases and components. Hillenbrand is controlled by private equity firm Lone Star Funds, following a leveraged buyout. LSF12 Helix Parent, LLC is the parent company of Hillenbrand. HILLSIDE APARTMENTS: Gets Interim OK to Use Cash Collateral ----------------------------------------------------------- Scott Sackett, the Chapter 11 trustee for Hillside Apartments, LLC, received interim approval from the U.S. Bankruptcy Court for the Eastern District of California, Sacramento Division, to use cash collateral. The court authorized the trustee to use the cash collateral of Fannie Mae and other secured creditors to pay expenses in accordance with its budget, subject to a 10% variance. The collateral includes cash turned over by Hillside Apartments and rents and accounts receivable generated from its operations or real property. As adequate protection for the Debtor's use of cash collateral, the secured creditors will receive replacement liens on all property acquired before or after the Chapter 11 filing, with the same validity, priority, and extent as their pre-bankruptcy liens. The replacement liens do not apply to causes of action and their proceeds and are subject to the fee carveout. If the replacement liens are insufficient, Fannie Mae will receive a superpriority claim as additional protection. It will also receive $60,000 in monthly payments beginning next month, subject to available funds. The Debtor's authority to use cash collateral terminates upon the earliest of (i) dismissal or conversion of its Chapter 11 case; (ii) appointment of a Chapter 7 trustee; (iii) entry of an order granting any party other than Fannie Mae a senior or equal lien without the secured creditor's prior written consent; (iv) modification or vacatur of the interim order without prior written consent; (v) stay relief affecting the secured creditor's liens; (vi) an uncured event of default five business days after written notice; or (vii) 60 days after entry of the interim order. The court will hold a final hearing on March 9. The interim order is available at https://is.gd/kSq7Yj from PacerMonitor.com. Hillside Apartments operates a 120-unit apartment building in Sacramento, California. Fannie Mae claims a secured debt of about $12.87 million, plus interest and costs, secured by the real property, rents and personal property. Based on a $24 million valuation of the property versus roughly $13.86 million in secured debt. the trustee believes there is a substantial equity cushion. Fannie Mae, as secured creditor, is represented by: Shayna A. Jackson, Esq. Reed Smith, LLP 515 South Flower Street, Suite 4300 Los Angeles, CA 90071 Telephone: +1 213 457 8000 Facsimile: +1 213 45 8080 sjackson@reedsmith.com -and- Dylan T.F. Ross, Esq. Reed Smith, LLP 2850 N. Harwood Street, Suite 1500 Dallas, TX 75201 Telephone: 469.680.4200 Facsimile: 469.680.4299 dylan.ross@reedsmith.com About Hillside Apartments LLC Hillside Apartments, LLC is a single-asset real estate entity as defined under 11 U.S.C. Section 101(51B). Its primary property is a 120-unit apartment building located at 6267 Martin Luther King Jr. Blvd., in Sacramento, California. Hillside Apartments sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 25-26602) on November 24, 2025, with between $10 million and $50 million in both assets and liabilities. Asad Khan, manager, signed the petition. Judge Christopher M. Klein oversees the case. Jonathan Madison, Esq., at The Madison Firm, represents the Debtor as legal counsel. HOMEMAKERS REAL ESTATE: Tamamoi Wins Automatic Stay Relief ---------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida granted in part the motion for relief from the automatic stay by Tamamoi LLC in the bankruptcy case of Homemakers Real Estate LLC. The automatic stay imposed by 11 U.S.C. Sec. 362 is lifted as to the secured creditor's interest in the properties and allows the secured creditor to obtain a final judgment in the foreclosure proceedings in the state court case, as to the properties located at 202 Ivory Coral Lane, Units 206, 303, 305, 402, 404, 503, 504, 505, Merritt Island, FL 32953. While secured creditor may proceed with obtaining a final judgment, it may not seek a foreclosure sale. In the event the bankruptcy case is dismissed, the secured creditor may seek a foreclosure sale date without further leave of court. A status conference on the motion is scheduled for April 15, 2026 at 1:30 p.m. at the George C. Young Federal Courthouse, 400 West Washington Street, Sixth Floor, Courtroom D, Orlando, Florida 32801 to determine whether it is appropriate to grant secured creditor further relief. A copy the Court's Order dated February 12, 2026, is available at https://urlcurt.com/u?l=5q3wvK from PacerMonitor.com. About Homemakers Real Estate LLC Homemakers Real Estate LLC is a real estate company based in Merritt Island, Florida, that operates from 201 Ivory Coral Lane. Homemakers Real Estate LLC's creditor, Tiered Capital Inc., sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-05570) on September 2, 2025. In its petition, the creditor reports $125,000 in debt. The Debtor is represented by Scott R. Rost, Esq. at BRENNAN, MANNA & DIAMOND, P.L. HOOSIER HEALTH: Seeks Chapter 7 Bankruptcy in Indiana ----------------------------------------------------- On February 10, 2026, Hoosier Health Plus, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Southern District of Indiana. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About Hoosier Health Plus, LLC Hoosier Health Plus, LLC is an Indiana-based healthcare services company that provides medical support and related health services. The company operates within the healthcare sector, offering patient-focused programs and administrative healthcare solutions. Hoosier Health Plus, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00650) on February 10, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge James M. Carr handles the case. The Debtor is represented by Scott A. Kainrath, Esq., of Kainrath Law Firm, P.C. HOREJS ENTERPRISES: Commences Chapter 7 Bankruptcy in Illinois -------------------------------------------------------------- On February 6, 2026, Horejs Enterprises LLC filed for Chapter 7 protection in the Central District of Illinois. According to court filings, the Debtor reports liabilities between $100,001 and $1,000,000 owed to 1–49 creditors. About Horejs Enterprises LLC Horejs Enterprises LLC is limited liability company. Horejs Enterprises LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. C.D. Ill. Case No. 26-80100) on February 6, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Peter W. Henderson handles the case. The Debtor is represented by Robert P. Follmer, Esq., of Ostling & Associates, Ltd. HRZN INC: Unsecureds Will Get 26.70% of Claims over 5 Years ----------------------------------------------------------- HRZN Inc. d/b/a Horizon Property Services, Inc. filed with the U.S. Bankruptcy Court for the District of Colorado a Disclosure Statement in support of Plan of Reorganization dated February 5, 2026. The Debtor is a Colorado corporation which owns and operates a commercial landscaping and snow removal company located at 2930 West 9th Avenue, Denver, Colorado 80204. Mr. Steven Brown is the Debtor's President and a Director. He is also the 100% owner of the Company. Horizon specializes in comprehensive landscape management solutions. Horizon contracts with many property managers and business owners in Denver, Colorado helping create beautiful and well-maintained landscapes elevating the value and appeal of properties. Horizon offers a comprehensive approach to insure their customer's commercial landscape is not only visually appealing but also functional and sustainable throughout the year. Pre-petition, KeyBank commenced a lawsuit against the Debtor. The Debtor attempted to resolve the lawsuit with restructured payment terms, including extending out the term of each loan. Despite the best efforts of the Debtor, KeyBank advised the Debtor it was unable to approve the restructured loans as the SBA had rejected such proposal. KeyBank intended to foreclose on the Debtor's assets. In order to preserve its business and ongoing concern value, the Debtor sought bankruptcy protection under Chapter 11. Class 12 consists of those unsecured creditors of the Debtor who hold Allowed Claims that were either scheduled by the Debtor as undisputed, subject to timely filed proofs of claim to which the Debtor does not successfully object, or as otherwise allowed by further order of the Court. The Debtor estimates the total amount of unsecured Class 12 claims, including deficiency claims of secured creditors, at $3,375,147.06. Class 12 shall receive an annual pro-rata distribution from the Debtor's deposits into the Creditor Fund equal to 50% of the Debtor's Net Income generated over a five-year period commencing on the first day of the first full month following the Effective Date of the Plan and continuing for an additional five years thereafter ("Repayment Term"). Commencing on the First Anniversary of the Effective Date, the Disbursing Agent shall begin making distributions to the Allowed Class 12 Creditors from the Creditor Fund. Such amounts shall be mailed within thirty days after the first anniversary of the Effective Date and continue annually during the Repayment Term. All payments under the Plan shall be due on or before five years from the Effective Date. Based on the estimated distributions and undisputed claims, Class 12 Claimants will receive approximately 26.70% of their allowed claims within Repayment Term. In any event, Class 12 creditors shall not receive more than the amount of their Allowed Claims. On the Effective Date of the Plan, the Disbursing Agent will open a separate interest bearing bank account (the "Creditor Fund") for receiving payments from the Debtor as set forth herein, and making distributions to creditors holding Class 12 Allowed Claims. Net Income shall mean the Debtor's income calculated in accordance with Generally Accepted Accounting Principles ("GAAP"), less payments to Allowed Classes of administrative, secured and priority creditors. As a result Net Income shall mean and be calculated as follows: gross revenues - cost of goods sold - operating expenses - income taxes - payments to administrative claims - payment to secured claims - payments to priority claims - Lease Cure Payments (if any) = net income. Net Income shall not include any depreciation expenses. Gross Revenues shall have the meaning under GAAP which is the total amount of sales recognized for a reporting period, prior to any deductions. The Debtor shall make monthly deposits of 50% of its Net Income into the Creditor Fund during the Repayment Term. For any remaining Net Income each month, the Debtor shall set aside such funds into a working capital account and used to fund, among other things, operating expenses, including inventory purchases, replacement of equipment, unanticipated expenses, shortfalls in cash flow, and if necessary, any shortfalls in payments to priority tax claims and secured claims (the "Working Capital Reserves"). A full-text copy of the Disclosure Statement dated February 5, 2026 is available at https://urlcurt.com/u?l=p6AoYO from PacerMonitor.com at no charge. Counsel to the Debtor: BUECHLER LAW OFFICE, LLC K. Jamie Buechler, Esq. 10901 W. 120th Avenue, Suite 130 Broomfield, CO 80021 Telephone: (720) 381-0045 Facsimile: (720) 381-0382 Email: Jamie@KJBlawoffice.com About HRZN Inc. HRZN Inc. is a Colorado company, founded in 1983, that provides commercial landscaping and grounds maintenance services including lawn care, irrigation, snow removal, and landscape enhancements. It also offers interior plantscaping through its Plant Escape brand, serving businesses, property managers, and commercial clients across the Denver metro area. HRZN Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 25-15925) on September 15, 2025. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Michael E. Romero handles the case. The Debtor is represented by K. Jamie Buechler, Esq., at Buechler Law Office, LLC. I & A AUTOMOTIVE: Patricia Fugee Named Subchapter V Trustee ----------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Patricia Fugee of FisherBroyles, LLP as Subchapter V trustee for I & A Automotive Service Center, LLC. Ms. Fugee will be paid an hourly fee of $365 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Fugee declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Patricia B. Fugee FisherBroyles, LLP 27100 Oakmead Drive #306 Perrysburg, OH 43551 Phone: (419) 874-6859 Email: Patricia.Fugee@FisherBroyles.com About I & A Automotive Service Center LLC I & A Automotive Service Center, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Case No. 26-10515) on February 9, 2026, with $1 million to $10 million in assets and $500,001 to $1 million in liabilities. Judge Jessica E. Price Smith presides over the case. Charles Edward Fitzpatrick, IV, Esq., at the Law Office Of Charles Fitzpatrick represents the Debtor as legal counsel. IMH DALLAS: U.S. Trustee Unable to Appoint Committee ---------------------------------------------------- The U.S. Trustee for Region 15 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of IMH Dallas Arioso, LLC. About IMH Dallas Arioso LLC IMH Dallas Arioso, LLC, doing business as Arioso Apartments & Townhomes, provides residential apartment and townhome rentals in Grand Prairie, Texas, offering bedroom units with features such as open-concept layouts, wood-inspired flooring, and private patios or balconies. The community operates multiple on-site amenities including swimming pools, a fitness center, and outdoor barbecue and picnic areas set within landscaped grounds. It serves residents across the Grand Prairie area with convenient access to retail centers, parks, schools, and major employers. IMH Dallas Arioso, a company in Carlsbad, Calif., sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. S.D. Cal. Case No. 25-05061) on Dec. 1, 2025, listing between $50 million and $100 million in both assets and liabilities. Ed Monce, chief executive officer, signed the petition. Judge J. Barrett Marum oversees the case. The Law Office of Donald W. Reid serves as the Debtor's bankruptcy counsel. JILL'S OFFICE: Court Confirms Third Amended Subchapter V Plan ------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Utah confirmed Jill's Office, LLC Third Amended Plan Under Subchapter V of Chapter 11 dated February 3, 2026. As shared by the Troubled Company Reporter, Jill's Office, LLC, filed with the U.S. Bankruptcy Court for the District of Utah a Subchapter V Plan dated June 25, 2025. The Debtor is a limited liability company. Since 2015, the Debtor has conducted business providing third-party receptionist and back-office services. The Debtor's members are Brant Thurgood, Autumn Thurgood (collectively, the "Thurgoods" who collectively own 75% of the pre-petition membership interests), and Rob Phelps ("Phelps," owing 25% of the prepetition membership interests). The Debtor currently employs approximately 75 people. During the bankruptcy case, the Debtor has relocated its physical office to less expensive space leased from third party Kier Property Management Co. The Debtor has rejected its prior real property lease with BDO 961, L.C., and vacated that leased space on or about June 1, 2025. The Plan generally contemplates bifurcation and repayment of secured debt at a modified interest rate and over an extended repayment horizon, along with creation of a $720,000 or more General Distribution Pool comprised of the Debtor's projected disposable income over the 48 months following confirmation of the plan, which shall be used to satisfy claims not otherwise provided for under the Plan. The Debtor is also proposing to segregate insider debt, and repay that debt only after the funds committed to the General Distribution Pool are contributed. The Debtor believes that $720,000.00 constitutes its projected disposable income over the 48-month period following the Effective Date. In sum, the Debtor expects to repay in excess of $2,000,000.001 of its prepetition debt and bankruptcy administrative expenses (beyond general operating expenses paid during the active chapter 11 phase of the case). Class U1 shall consist of the unsecured claim deeded allowed of Zions First National Bank, in the amount of $415,000.00. This claim is classified separately due to the additional non estate collateral held by Zions. This claim shall be paid by the Debtor making monthly payments in the amount of $3,500.00 to fully repay the claim with interest at the rate of 5.0% over 180 months. Class U2 shall consist of all Allowed Unsecured Claims not otherwise classified. The Allowed Claims in this class shall share pro rata in the General Distribution Pool. Class U3 shall consist of the general unsecured claim of critical vendor Twilio Inc., which is in the amount of $14,170.84. As a matter of convenience, and to ensure the availability of ongoing services essential to the Debtor's ongoing operations, the Debtor shall pay the claims of this class in full on the Effective Date. Class U4 shall consist of a convenience class of claims. Any creditor holding an Allowed Claim in Class S1, S2, S3, S4, or U2 may, by delivering a written request within 30 days following the Effective Date, request entry into Class U2. If accepted, upon acceptance, the Reorganized Debtor shall pay the lesser of $3,000.00 or 50% of the allowed amount of the claim in full satisfaction of both the claim and the underlying debt, and the claim shall be removed from its original class and deemed fully satisfied. Class M1 shall contain only the prepetition membership interests in the Debtor. The prepetition membership interests in the Debtor shall be cancelled on the Effective Date, and new membership interests in the Reorganized Debtor shall be issued 37.5% to Brant Thurgood, 37.5% to Autumn Thurgood, and 25% to Rob Phelps, in consideration of their ongoing efforts to effectuate the reorganization contemplated under the Plan. The Reorganized Debtor shall continue its prepetition/pre-confirmation business operations. The Debtor has prepared an anticipated budget for the forty-eight month period beginning September 2025, using assumptions that business will be slow in the first few months exiting bankruptcy (as the Debtor has not devoted significant resources to marketing during the case), but that as general confidence in the Reorganized Debtor grows in the coming months and years, the expected performance will improve. By the Debtor's projections, it will have sufficient cash to make all payments required under the plan, and support the assumption that $180,000/year of average projected disposable income to devote to repayment of general unsecured pre-petition debt is within the range of a reasonable assumption for this business at this time. From the Reorganized Debtor's post-petition operating income, or from contributed capital, over the 48 months following the Effective Date, the Reorganized Debtor shall fund $720,000.00 into the General Distribution Pool, by payments of $60,000.00 or more per payment made in by October 15, April 15, and July 15 of each year beginning at the first such date after the Effective Date and continuing until a total of $720,000.00 has been contributed. Distributions to Class U2 creditors from the General Distribution Pool shall be made at least three times annually, by October 25, April 25, and July 25 of each year (beginning with the first such date falling after the Effective Date), and on such dates thereafter, until all funds in the General Distribution Pool have been distributed. A full-text copy of the Subchapter V Plan dated June 25, 2025 is available at https://urlcurt.com/u?l=rm6yUC from PacerMonitor.com at no charge. The Plan should be confirmed as a consensual plan under Sec. 1191(a). The Court finds the Plan complies with, and the Debtor has satisfied, all applicable confirmation requirements. A copy the Court's Findings of Fact and Conclusions of Law dated February 11, 2026, is available at https://urlcurt.com/u?l=OFKhHd from PacerMonitor.com. Attorneys for Jill's Office, LLC, Debtor-in-Possession: T. Edward Cundick, Esq. WORKMAN NYDEGGER 60 East South Temple, Suite 1000 Salt Lake City, Utah 84111 Telephone: (801) 533-9800 Facsimile: (801) 328-1707 E-mail: tcundick@wnlaw.com About Jill's Office LLC Jill's Office, LLC provides professional, US-based 24/7 virtual receptionist and scheduling services designed to support businesses across various industries. The Company offers a range of services, including inbound call answering, appointment scheduling, live chat support for websites, and automated lead follow-ups (Lead Zap). Jill's Office specializes in delivering tailored, seamless communication solutions that enhance customer engagement while eliminating the need for businesses to hire in-house staff. The Company serves industries such as home services, real estate, health and wellness, finance, legal, and small businesses. Its mission is to ensure that businesses never miss calls or opportunities, offering reliable customer service around the clock. Jill's Office filed Chapter 11 petition (Bankr. D. Utah Case No. 25-21625) on March 27, 2025, listing up to $500,000 in assets and up to $10 million in liabilities. Brant Thurgood, member manager, signed the petition. Judge Peggy Hunt oversees the case. The Debtor is represented by T. Edward Cundick, Esq. at Workman Nydegger. JOSEPH & JUANITA: Case Summary & Seven Unsecured Creditors ---------------------------------------------------------- Debtor: Joseph & Juanita Enterprises LLC Big Poppas Fitness Gym 210 W Gloria Switch Rd Lafayette, LA 70507 Business Description: Joseph & Juanita Enterprises LLC, doing business as Big Poppa's Fitness Gym, operates a fitness and recreation facility in Lafayette, Louisiana, providing gym services and selling beverages, snacks, and apparel. The company owns the real property from which it operates. Chapter 11 Petition Date: February 9, 2026 Court: United States Bankruptcy Court Western District of Louisiana Case No.: 26-50107 Judge: Hon. John W Kolwe Debtor's Counsel: Kathryn A. Wiley, Esq. WILEY AND JOWERS, LLC P.O. Box 11933 New Iberia LA 70562-1933 Tel: (337) 608-8193 Email: kathryn@wileyjowers.com Total Assets: $978,372 Total Liabilities: $1,263,513 The petition was signed by Juanita Chakera Prejean as member manager. A full-text copy of the petition, which includes a list of the Debtor's seven unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/CEOSXUY/Joseph__Juanita_Enterprises_LLC__lawbke-26-50107__0001.0.pdf?mcid=tGE4TAMA KARLINGTON TWO: Jolene Wee Named Subchapter V Trustee ----------------------------------------------------- The Acting U.S. Trustee for Region 4 appointed Jolene Wee of JW Infinity Consulting, LLC as Subchapter V trustee for Karlington Two, LLC. Ms. Wee will be compensated at $660 per hour for work performed in 2026. In addition, the Subchapter V trustee will receive reimbursement for work-related expenses incurred. Ms. Wee declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Jolene E. Wee JW Infinity Consulting, LLC 447 Broadway 2nd Fl #502 New York, NY 10013 Telephone: (929) 502-7715 Facsimile: (646) 810-3989 Email: jwee@jw-infinity.com About Karlington Two LLC Karlington Two, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 26-10283) on February 6, 2026, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Justin Fasano, Esq., at Mcnamee Hosea, P.A. represents the Debtor as legal counsel. KEN'S BAR-B-QUE: Jerrett McConnell Named Subchapter V Trustee ------------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Jerrett McConnell, Esq., at McConnell Law Group, P.A. as Subchapter V trustee for Ken's Bar-B-Que, Inc. Mr. McConnell will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. McConnell declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Jerrett M. McConnell, Esq. McConnell Law Group, P.A. 6100 Greenland Rd., Unit 603 Jacksonville, FL 32258 Phone: (904) 570-9180 info@mcconnelllawgroup.com About 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 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. KKHR CONSTRUCCIONES: Taps Monge Robertin as Restructuring Advisors ------------------------------------------------------------------ KKHR Construcciones & Associados, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to employ Monge Robertin Advisors, LLC as insolvency and restructuring advisors. Monge Robertin Advisors, LLC and Jose M. Monge Robertin, CPA, CIRA will provide these services: (a) plan development; (b) liquidation analysis; (c) claims administration and review; (d) tax consulting; (e) financial consulting; (f) feasibility analysis; (g) negotiations with creditors; (h) investment and financing matters; and (i) other matters to assist counsel and the Debtor's reorganization. Jose M. Monge Robertin, CPA, CIRA will receive an hourly rate of $275. Other professionals' hourly rates range from $35 to $175. A deposit of $5,000 has been provided. Monge Robertin Advisors, LLC and Jose M. Monge Robertin, CPA, CIRA are "disinterested persons" within the meaning of Sections 101 and 327 of the Bankruptcy Code, according to court filings. The firm can be reached at: Jose M. Monge Robertin, CPA, CIRA MONGE ROBERTIN ADVISORS, LLC INOVA Building, Suite 100 16 Innovacion Ave, Valle Tolima Caguas, PR 00727 Telephone: (787) 745-0707 E-mail: cpamonge@cirapr.com About KKHR Construcciones & Associados, Inc. KKHR Construcciones & Asociados Inc., doing business as KKHR Construction, provides construction services that include heavy equipment operations and concrete foundation work. KKHR Construcciones & Asociados Inc. d/b/a KKHR Construction in Ponce, PR, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. D.P.R. Case No. 26-00134) on Jan. 21, 2026, listing as much as $1 million to $10 million in both assets and liabilities. Norhem Martinez Perez as president, signed the petition. BUFETE EMMANUELLI, C.S.P. serve as the Debtor's legal counsel. LADIES AND LUGGAGE: Seeks Chapter 7 Bankruptcy in Georgia --------------------------------------------------------- On February 6, 2026, Ladies and Luggage filed for Chapter 7 protection in the Northern District of Georgia. According to court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to 100–199 creditors. About Ladies and Luggage Ladies and Luggage is a Georgia-based retail business specializing in women’s fashion accessories, handbags, and travel-related merchandise. Ladies and Luggage sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-51670) on February 6, 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 Paul W. Bonapfel handles the case. The Debtor is represented by Brittany K. Anderson, Esq., of Anderson O'Neal, LLC. LEGACY LOFT: Case Summary & One Unsecured Creditor -------------------------------------------------- Debtor: Legacy Loft LLC 5614 Connecticut Ave NW #134 Washington, DC 20015 Business Description: Legacy Loft LLC is a single-asset real estate entity that owns and leases a multi-family residential property located at 1613 E Street NE in Washington, DC 20002. Chapter 11 Petition Date: February 11, 2026 Court: United States Bankruptcy Court District of Columbia Case No.: 26-00059 Judge: Hon. Elizabeth L. Gunn Debtor's Counsel: Jeffery T. Martin, Jr., Esq. MARTIN LAW GROUP PC 8065 Leesburg Pike Suite 750 Vienna, VA 22182 Tel: (703) 223-1822 E-mail: jeff@martinlawgroup.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Richard Cunningham as managing member. The Debtor identified Eagle Bank located at 8245 Boone Blvd, Vienna, VA 22182, as its only unsecured creditor, with a $1.2 million claim. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/PFGGUVQ/Legacy_Loft_LLC__dcbke-26-00059__0001.0.pdf?mcid=tGE4TAMA LEISURE INVESTMENTS: Former CEO Arrested in Cancun -------------------------------------------------- Jonathan Randles, Gonzalo Soto, Valentine Hilaire, and Steven Church of Bloomberg News report that Eduardo Albor, the former head of bankrupt aquatic-parks operator The Dolphin Company, was arrested in Cancun, Mexican authorities confirmed. Arrest records indicate he will be transferred to Mexico City to face further legal proceedings. The arrest arises from a complaint filed last 2025 by a Mexican affiliate of the company after outside advisers took over management. Speaking at a Friday hearing in Delaware bankruptcy court, company counsel Sean Greecher said the affiliate accused Albor of improper actions connected to the restructuring, according to Bloomberg. Greecher told the court that Albor allegedly misled a Mexican tribunal in an attempt to interfere with governance changes designed to stabilize the company. The development underscores ongoing disputes surrounding control of the business during its bankruptcy case, the report states. About Leisure Investments Holdings Leisure Investments Holdings LLC and affiliates are operating under the name "The Dolphin Company," manage over 30 attractions, including dolphin habitats, marinas, water parks, and adventure parks, located in eight countries across three continents. Their primary operations are based in Mexico, the United States, and the Caribbean, with locations in Jamaica, the Cayman Islands, the Dominican Republic, and St. Kitts. These attractions are home to approximately 2,400 animals from more than 80 species of marine life, including a variety of marine mammals such as dolphins, sea lions, manatees, and seals, as well as birds and reptiles. As of 2023, the marine mammal population at the Debtors' parks includes roughly 295 dolphins, 51 sea lions, 18 manatees, and 18 seals. Leisure Investments Holdings LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case 25-10606) on March 31, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Laurie Selber Silverstein handles the case. The Debtors tapped Robert S. Brady, Esq., Sean T. Greecher, Esq., Allison S. Mielke, Esq., and Jared W. Kochenash, Esq. as counsels. The Debtors' restructuring advisor is RIVERON MANAGEMENT SERVICES, LLC. The Debtors' Claims & Noticing Agent is KURTZMAN CARSON CONSULTANTS, LLC d/b/a VERITA GLOBAL. LEO CHULIYA: Amends Unsecured Claims Pay Details ------------------------------------------------ Leo Chuliya Ltd., d/b/a Fantasy Cuisine Co., submitted an Amended Plan of Reorganization for Small Business dated February 6, 2026. The Debtor believes that Chapter 11 presents a mechanism for it to satisfy all creditors, in full or in part, in an orderly fashion while maintaining operations. The Debtor currently has a staff of approximately 14 workers who depend on operations for their livelihood. Since the filing, the Debtor has continued in the management of its property as a debtor-in-possession pursuant to Sections 1107 and 1108 of the Bankruptcy Code. With counsel, Chu has formulated financial projections for the Debtor for approximately the next 5 years. The Debtor believes that business operations will remain steady but does not expect an increase. Class 4 shall consist of all Allowed Unsecured Claims including the claims of Wang, Zhang and Troy Law. Holders of Allowed General Unsecured Claims shall be paid from the Plan Fund. Such creditors shall receive their Pro Rata share of the balance of the Plan Fund in quarterly installments. It is estimated that the General Unsecured Creditors will receive their proportionate share of the Plan Fund (estimated to be $75,000.00) over a 60-month period. The claims of the FLSA Creditors will be fixed by the Court in the context of the Estimation Motion. The FLSA Creditors will also receive a distribution from Chu under his Sub Chapter V Plan. In the event that the Debtor's obligation to one or more of the FLSA Creditors is determined to be non-dischargeable, such party may either accept the distribution provided hereunder and the provisions of the Plan or pursue the Debtor outside of the Plan on the non-dischargeable portion of Claim by notifying the Debtor of same in writing within 10 days of the determination of that the Claim is non-dischargeable. If the FLSA Creditor chooses to pursue the Debtor outside of the parameters of this Plan, he or she will not receive distribution hereunder and may pursue alternate remedies. Class 4 is Impaired under the Plan and therefore entitled to vote to accept or reject the Plan. Holders of Class 4 Claims are impaired under the Plan and therefore entitled to vote to accept or reject the Plan. The Debtor shall make payments from future operations. The Debtor will fund the Plan with payments of $7,500.00 per quarter ($30,000.00 per year and $150,000.00 in total). The payments by the Debtor shall be paid into the Plan Fund which shall be administered by the Disbursing Agent. The initial payment would be made to the Disbursing Agent on the Effective Date. Successive payments would be made each quarter for a period of 5 years (or 60 months). The Debtor shall take all necessary steps and perform all necessary acts to consummate the terms and conditions of the Plan; and shall comply with all orders of the Court, including paying the Plan Fund as provided in the Plan. A full-text copy of the Amended Plan dated February 6, 2026 is available at https://urlcurt.com/u?l=qymKq2 from PacerMonitor.com at no charge. Counsel for the Debtor: Anne Penachio, Esq. Penachio Malara, LLP 245 Main Street-Suite 450 White Plains, NY 10601 Telephone: (914) 946-2889 About Leo Chuliya Ltd Leo Chuliya Ltd owns and manages a restaurant specializing in Szechuan cuisine for over 10 years. It serves wholesome food in a family style setting. The Debtor filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No. 24-22563) before Judge Sean H. Lane, on June 24, 2024, listing under $100,000 in assets and under $500,000 in liabilities. The Debtor elected to be treated as a small business under Subchapter V. Nat Wasserstein serves as the Subchapter V trustee. Anne J. Penachio, Esq., at Penachio Malara LLP, is the Debtor's legal counsel. LEVEL ONE: Case Summary & 16 Unsecured Creditors ------------------------------------------------ Debtor: Level One Protection, Inc. 5861 Pine Avenue, Suite B-10 Chino Hills, CA 91709 Business Description: Level One Protection, Inc. provides private security services, including security guard and patrol services, to commercial and other clients in Chino Hills, California. The company offers on-site security and protective services intended to safeguard properties, facilities, and events, operating within the security services industry. Chapter 11 Petition Date: February 11, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-10989 Debtor's Counsel: Michael Jay Berger, Esq. LAW OFFICES OF MICHAEL JAY BERGER 9454 Wilshire Boulevard, 6th Floor Beverly Hills, A 90212 Tel: (310) 271-6223 Fax: (310) 271-9805 Email: michael.berger@bankruptcypower.com Total Assets: $227,589 Total Liabilities: $1,387,202 The petition was signed by George Aristizabal as president and CEO. A full-text copy of the petition, which includes a list of the Debtor's 16 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/XFJKCIA/Level_One_Protection_Inc__cacbke-26-10989__0001.0.pdf?mcid=tGE4TAMA LISBON VISTA: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------ The U.S. Trustee for Region 15 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Lisbon Vista Heights, LLC. About Lisbon Vista Heights LLC Lisbon Vista Heights, LLC is a California-based limited liability company that owns and manages an affordable housing residential community in the San Diego area. The company holds the Lisbon Vista Heights property in Escondido, California, and is affiliated with Bay Vista, a nonprofit organization engaged in affordable housing development and operations. Lisbon Vista Heights sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Calif. Case No. 26-00001) on January 2, 2026. In its petition, the Debtor reported total assets of $7,000,252 and total liabilities of $13,100,000. Honorable Christopher B. Latham is presiding over the case. The debtor is represented by K. Todd Curry, Esq., at Curry Advisors, A Professional Law Corporation. LIVING IT: Commences Chapter 7 Bankruptcy in Georgia ---------------------------------------------------- On February 2, 2026, Living It Up LLC filed for Chapter 7 protection in the Northern District of Georgia. According to court filings, the Debtor reports debts between $0 and $100,000 owed to 1–49 creditors. About Living It Up LLC Living It Up LLC provides contracting services and engineering solutions. Living It Up LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-51384) on February 2, 2026. In its petition, the Debtor reported estimated assets between $0 and $100,000 and estimated liabilities between $0 and $100,000. Honorable Bankruptcy Judge Paul W. Bonapfel handles the case. M&B SERVICES: Court Extends Cash Collateral Access to March 25 -------------------------------------------------------------- M&B Services, Inc. received another extension from the U.S. Bankruptcy Court for the Central District of California, Northern Division, to use cash collateral. At the recently held hearing, the court extended the Debtor's authority to use cash collateral through March 25 to fund its operations. M&B Services' bankruptcy was triggered by aggressive collection efforts arising from a wrongful death lawsuit in Ventura County where a former employee caused a fatal accident in 2020 and judgments totaling $9 million were entered in September 2025 against M&B Services and the employee, with a separate $30,000 judgment against the company owner. Prior to the filing, one judgment creditor obtained an order to appear for examination, which may have created a secret lien on the Debtor's personal property, though M&B Services disputes both the validity and avoidability of any such lien as a preferential transfer. M&B Services has no real property and owns equipment, seven vehicles, inventory, and accounts receivable valued at about $261,559, with roughly $28,000 in cash and uncashed checks, and unsecured claims of about $163,606. The only alleged cash collateral consists of cash and receivables that the judgment creditors might claim as proceeds of their disputed liens. The Debtor's goal is to preserve eight jobs and reorganize through a plan paying creditors over time. However, without immediate access to cash collateral, the Debtor cannot meet payroll or operating expenses and would be forced to shut down. The Debtor was previously allowed to access cash collateral under the court's February 9 interim order. About M&B Services Inc. M&B Services, Inc. is a Southern California plumbing company in Oxnard, California. M&B Services sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 9:26-bk-10164-RC)) on February 6, 2026. In the petition signed by Martin Alvarez, owner, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Ronald A Clifford III oversees the case. Vanessa M. Haberbush, Esq., at Haberbush, LLP, represents the Debtor as legal counsel. MAR & MAR: Seeks to Hire Accounting Forward LLC as Bookkeeper ------------------------------------------------------------- Mar & Mar, Corp. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Accounting Forward, LLC, as bookkeepers. The firm will render these services: a. Day-to-day bookkeeping. b. Preparation of Monthly Operating Reports. c. Preparation of weekly cash flow summaries. d. Preparation of future monthly income projections for at least 36 months in support of Debtor’s Plan of Reorganization. e. Other financial matters that arise from time to time in connection with this Chapter 11, Subchapter V case. The firm will received compensation as follows: a. A flat $750 to handle and manage the day-to-day company books. b. Up to $1,400 per month interim advance payments for work related to the Chapter 11 case. -- $125 hourly rate billed in 1/10 of an hour increments. c. Amounts paid subject to interim and/or final fee applications. d. Fees incurred in excess of $1,400 per month payable only upon approval of an interim and/or final fee application. Matt Dybing, CPA of Accounting Forward, LLC, disclosed in a court filing that the firm does not represent or hold any interest adverse to the Debtor and its estate. The firm can be reached through: Matt Dybing, CPA Accounting Forward, LLC 200 Southdale Center Minneapolis, MN 55435 Phone: (612) 223-7614 Email: matt.dybing@accountingfwd.com About Mar & Mar, Corp. Mar-Mar Corporation was founded in 2005. The Company's line of business includes the retail sale of new and used motorcycles. Mar & Mar, Corp. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10257) on January 28, 2026. In its petition, the debtor reported estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. The case is being handled by Honorable Bankruptcy Judge Scott C. Clarkson. The Debtor is represented by Steven E. Cowen, Esq., of S.E. Cowen Law. MAR & MAR: Seeks to Hire S. E. Cowen Law as Bankruptcy Counsel -------------------------------------------------------------- Mar & Mar, Corp. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire S. E. Cowen Law as bankruptcy counsel. The firm will represent the Debtor through all stages of the Chapter 11 Subchapter V process with an anticipated confirmation of a Plan of Reorganization within six months. The hourly rates of the firm's counsel are: Steven E. Cowen, Attorney $400 Christian E. Cowen, Paraprofessional $175 In addition, the firm will seek reimbursement for expenses incurred. Mr. Cowen 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: Steven E. Cowen, Esq. S. E. Cowen Law 333 H Street, 5th Floor Chula Vista, CA 91910 Telephone: (619) 202-7511 Facsimile: (619) 233-3327 Email: Cowen.steve@secowenlaw.com About Mar & Mar, Corp. Mar-Mar Corporation was founded in 2005. The Company's line of business includes the retail sale of new and used motorcycles. Mar & Mar, Corp. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10257) on January 28, 2026. In its petition, the debtor reported estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. The case is being handled by Honorable Bankruptcy Judge Scott C. Clarkson. The Debtor is represented by Steven E. Cowen, Esq., of S.E. Cowen Law. MAYFIELD MEDICAL: Gets Interim OK to Use Cash Collateral -------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Illinois entered an interim order authorizing Mayfield Medical Services, Inc. to use cash collateral. Under the interim order, the Debtor is authorized to use 1st MidAmerica Credit Union's cash collateral in accordance with an approved budget, subject to a 10% variance per line item. The order also allows payment of administrative and professional expenses. The Debtor may use cash collateral from December 26, 2025, through plan confirmation unless earlier terminated by default. Defaults include noncompliance with the order, case dismissal or conversion, or stay relief impacting the secured creditor's collateral. As of the petition date, the Debtor owed 1st MidAmerica under two promissory notes secured by (i) mortgages on commercial real property in Wood River, Illinois, and (ii) a perfected security interest in substantially all business assets, including accounts, proceeds, equipment, and related collateral. The Debtor stipulated that these liens and security interests are valid, perfected, and enforceable. 1st MidAmerica will be granted protection through lump-sum payments of $4,000; monthly payments of $750 for the Debtor's continued use of the real property; monthly payments of $250 from January until plan confirmation for continued use of 1st Midamerica's cash collateral; and replacement liens on post-petition assets. As additional protection, the Debtor is required to maintain insurance, timely file operating reports, and comply with financial reporting requirements. The order preserves 1st MidAmerica's right to seek additional relief, including stay relief, dismissal, conversion, or further adequate protection. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/Fsqk5 from PacerMonitor.com. About Mayfield Medical Services Inc. Mayfield Medical Services Inc. provides repair, maintenance, and preventative services for medical, laboratory, dental, and veterinary equipment across the Midwest and through nationwide depot support. The Company delivers on-site service, equipment audits, and manufacturer-recommended maintenance, including tagging and detailed record-keeping of client assets. Mayfield Medical Services Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ill. Case No. 25-30662) on August 29, 2025. In its petition, the Debtor reports total assets of $224,636 and total liabilities of $2,142,616. Honorable Bankruptcy Judge Mary E. Lopinot handles the case. The Debtor is represented by J. D. Graham, Esq. at J. D. Graham, PC. 1st MidAmerica Credit Union, as secured creditor, is represented by: Christopher D. Lee, Esq. Sandberg Phoenix & von Gontard, P.C. 701 Market Street, Suite 600 St. Louis, MO 63101 Tel: (314) 725-9100 Fax:( 314) 725-5754 clee@sandbergphoenix.com MICHAEL & COMPANY: Seeks Chapter 7 Bankruptcy in California ----------------------------------------------------------- On February 11, 2026, Michael & Company Real Estate, Inc. filed for Chapter 7 protection in the Central District of California. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About Michael & Company Real Estate, Inc. Michael & Company Real Estate, Inc. is a California-based real estate company engaged in property investment, management, and brokerage activities. Michael & Company Real Estate, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10413) on February 11, 2026. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $1 million–$10 million. Honorable Bankruptcy Judge Scott C. Clarkson handles the case. The Debtor is represented by J. Scott Williams. MILLS PAINTING: Seeks Chapter 7 Bankruptcy in Indiana ----------------------------------------------------- On February 6, 2026, Mills Painting, LLC (DBA Mills Painting and Restor) filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Southern District of Indiana. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Mills Painting, LLC Mills Painting, LLC, doing business as Mills Painting and Restor, is an Indiana-based company providing residential and commercial painting and restoration services. The company specializes in interior and exterior painting, surface restoration, and related maintenance services. Mills Painting, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-90149) on February 6, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Andrea K. McCord handles the case. The Debtor is represented by Steven S. Lohmeyer, Esq., of Lohmeyer Law Offices. MISSION SELF-STORAGE: Unsecureds to Split $30K over 60 Months ------------------------------------------------------------- Mission Self-Storage Leesburg, LLC filed with the U.S. Bankruptcy Court for the Northern District of Florida an Amended Plan of Reorganization dated February 6, 2026. The Debtor owns a storage facility in Leesburg, Florida that also has rentable commercial office space. The Debtor filed this case after it was unsuccessful in its restructuring efforts outside of bankruptcy. When the Debtor initially purchased its real property, it was represented to it by the seller (who also now holds the second mortgage on the real property) that there was a qualified tenant with a signed lease who was move-in ready. However, post-closing, that tenant never moved in and immediately breached the lease. Prior to the filing of this case, the creditor holding the second mortgage on the Debtor's real property filed a foreclosure, and one other unsecured creditor also filed a lawsuit against the Debtor shortly before the commencement of this Chapter 11 case. The Debtor's goal is to reorganize, obtain additional tenants for its commercial office space, and potentially sell its property if an acceptable offer is made. This Plan of Reorganization proposes to pay creditors of the Debtor out of cash flow from the normal operations of the Debtor's business or from a sale if an acceptable offer is made. The managers of the Debtor, Stacy and Peter Rossetti, will remain in that role post confirmation. This Plan provides for the payment of two classes of secured claims, one class of general unsecured claims, and one class of equity security holders. This Plan provides for the payment of administrative and priority claims in full. Class 3 consists of General Unsecured Claims. The class of general unsecured claims shall receive a total dividend of $30,000.00 paid pro-rata amongst the creditors in this class (if there are multiple creditors). Monthly installment payments (to be distributed pro rata, if applicable) in the amount of $500.00 shall commence on the fifteenth day of the month, on the first month that begins more than thirty days after the Effective Date and shall continue every month thereafter for a total of 60 monthly payments. This Class includes the $125,000.00 unsecured claim of Image Homes LLC. This Class is impaired. Class 4 consists of Equity Security Holder Self-Storage Fund of America LLC. Post confirmation, the equity security holder will continue to receive the monthly salary that was approved by the Court during this case. The Debtor shall fund its Plan from the continued operations of its business, the sale of its real property, and/or contributions from the Debtor's equity security holder. Unless otherwise ordered by the Court, the Debtor will make the payments under this Plan, rather than the Subchapter V Trustee. A full-text copy of the Amended Plan dated February 6, 2026 is available at https://urlcurt.com/u?l=ZjefSN from PacerMonitor.com at no charge. Counsel to the Debtor: Byron Wright III, Esq. Bruner Wright, PA 2868 Reminton Green Circle, Suite B Tallahassee, FL 32308 Tel: (850) 385-0342 Fax: (850) 270-2441 About Mission Self-Storage Leesburg, LLC Mission Self-Storage Leesburg, LLC operates self-storage facilities in Florida, offering a range of storage units including climate-controlled spaces and parking for vehicles such as RVs and boats. The Company provides 24/7 access through an electronic gate system and maintains security with video surveillance. Rentals are managed online or by phone, facilitating a contactless move-in experience. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 25-40380) on August 15, 2025, with $1 million to $10 million in assets and liabilities. Stacy Rossetti, authorized member, signed the petition. Byron W. Wright III, Esq., at Bruner Wright, P.A. represents the Debtor as legal counsel. MJS MATERIALS: Gets OK to Use Cash Collateral Until March 31 ------------------------------------------------------------ MJS Materials, Inc. received third interim approval from the U.S. Bankruptcy Court for the Southern District of Florida to use cash collateral through March 31. The court found the relief necessary to maintain business operations and protect the value of the bankruptcy estate while the Debtor reorganizes under Chapter 11 Subchapter V. In its interim order, the court authorized the Debtor to use cash to pay ordinary business expenses pursuant to an approved budget, subject to a 10% variance. A carveout was approved for court fees and professional fees, including Subchapter V trustee and counsel fees. The Debtor projects monthly operational expenses of $861,498 for February and March. The order provides adequate protection to secured vehicle lenders. Commercial Credit Group will receive monthly protection payments of $91,843, beginning February 25, along with insurance, maintenance, inspection rights, and default remedies. Other vehicle lenders -- First Citizens, Balboa, Amur Equipment Finance, Inc., Commercial Equipment Finance International, LLC and Wells Fargo Equipment Finance, Inc. -- will be granted varying monthly protection payments (or none, as specified), insurance and maintenance protections, inspection rights, and default procedures. Replacement liens are confirmed post-petition, matching the validity, extent, and priority of pre-petition liens, including proceeds and avoidance recoveries. The next hearing is scheduled for March 31. The court order is available at https://shorturl.at/VNui1 from PacerMonitor.com. About MJS Materials Inc. MJS Materials, Inc. is a Florida-based business offering aggregate hauling and logistics solutions for the construction, land development, and infrastructure sectors. MJS Materials sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-21971) on October 10, 2025. In its petition, the Debtor reported up to $50,000 in assets and liabilities. Honorable Bankruptcy Judge Mindy A. Mora handles the case. The Debtor is represented by Matthew S. Kish, Esq. MY CAR WASH: U.S. Trustee Unable to Appoint Committee ----------------------------------------------------- The U.S. Trustee for Region 21, until further notice, will not appoint an official committee of unsecured creditors in the Chapter 11 case of My Car Wash, LLC, according to court dockets. About My Car Wash LLC My Car Wash, LLC, a company based in Belleview, Florida, operates a commercial car wash offering full-service and automated cleaning to individual and fleet customers at its single location on South Highway 441. My Car Wash sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00161) on January 15, 2026, with between $1 million and $10 million in both assets and liabilities. Judge Jacob A. Brown oversees the case. . Mark S. Roher, P.A. also known as The Law Office of Mark S. Roher, P.A., is the Debtor's bankruptcy counsel. NAZLINDAAHMAD LLC: Case Summary & Three Unsecured Creditors ----------------------------------------------------------- Debtor: NazLindaAhmad LLC 240 East 41st Street, Unit 11F New York, NY 10016 Business Description: NazLindaAhmad LLC is a single-asset real estate company that holds a sheriff's deed to a residential condominium property located at 240 East 41st Street, Unit 11F, New York, New York 10016, a/k/a 235 East 40th Street, Block 1314, Lots 1096. The company operates as a real estate holding entity whose principal asset consists of its ownership interest in the property. Chapter 11 Petition Date: February 3, 2026 Court: United States Bankruptcy Court Southern District of New York Case No.: 26-10230 Judge: Hon. David S Jones Debtor's Counsel: Vivian Sobers, Esq. SOBERS LAW PLLC 11 Broadway Suite 615 New York, NY 10004 Tel: (917) 225-4501 Email: vsobers@soberslaw.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Shaheen Ahmad as principal. A full-text copy of the petition, which includes a list of the Debtor's three unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/FOGGC2Y/NazLindaAhmad_LLC__nysbke-26-10230__0001.0.pdf?mcid=tGE4TAMA NEELY MOTORSPORTS: Gets OK to Use Cash Collateral ------------------------------------------------- The U.S. Bankruptcy Court for the Central District of California approved a stipulation between Neely Motorsports, Inc. and Newtek Small Business Finance, LLC governing the final use of cash collateral. Under the order, the Debtor is authorized to use Newtek's cash collateral in the ordinary course of business in accordance with the budget attached to the stipulation, as amended by agreement of the parties or further court order. This authority remains in effect until the earlier of the effective date of a confirmed Chapter 11 plan or the entry of an order denying confirmation, unless otherwise ordered by the court. Unused budget amounts may roll forward, and the Debtor may exceed total monthly budget amounts by up to 10% and individual line items by up to 20%, subject to Newtek's prior written consent for variances exceeding 10%. As adequate protection, Newtek and any other secured creditor holding a valid, perfected prepetition lien in cash collateral will be granted replacement liens. These liens attach to all post-petition assets of the Debtor and proceeds thereof, excluding Chapter 5 avoidance actions and recoveries, and maintain the same validity and priority as the secured creditors' pre-petition liens, subject to applicable law and prior cash collateral orders. The order preserves the parties' rights regarding collateral value, secured claim amounts, and plan treatment. In addition, the Debtor is required to make adequate protection payments of $5,000 for January and $5,000 per month thereafter until plan confirmation or further court order. Newtek may apply these payments in its discretion in compliance with SBA requirements and servicing practices. The Debtor must also provide monthly budget-to-actual reports to Newtek. The order is available at https://is.gd/D6VoYN from PacerMonitor.com. Newtek, as lender, is represented by: Jessica M. Simon, Esq. Hemar, Rousso & Heald, LLP 15910 Ventura Blvd., 12th Floor Encino, CA 91436 Tel: (818) 501-3800 Fax: (818) 501-2985 jsimon@hrhlaw.com About Neely Motorsports Inc. Neely Motorsports, Inc. is a long-standing supplier of U.S.-manufactured, military-spec Army and Navy aluminum plumbing and hardware serving defense contractors, aerospace firms, motorsports teams, marine industries, and home-built aircraft builders. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-20834) on December 3, 2025. In the petition signed by Thomas J. Neely, president, the Debtor disclosed up to $205,763 in total assets and $2,771,336 in liabilities. Judge Sheri Bluebond oversees the case. Michael G. Spector, Esq., at the Law Offices of Michael G. Spector represents the Debtor as legal counsel. NEWKIRK LOGISTICS: Scott Seidel Named Subchapter V Trustee ---------------------------------------------------------- The U.S. Trustee for Region 6 appointed Scott Seidel as Subchapter V trustee for Newkirk Logistics, Inc. Mr. Seidel will be paid an hourly fee of $520 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Seidel declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Scott Seidel 6505 West Park Blvd., Suite 306 Plano, TX 75093 214-234-2500-main 214-234-2503-direct Email: scott@scottseidel.com About Newkirk Logistics Inc. 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. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 26-40551) on February 4, 2026, with $1,375,992 in assets and $4,244,200 in liabilities. Barry Newkirk, president, signed the petition. Robert A. Simon, Esq., at Whitaker Chalk Swindle and Schwartz, PLLC represents the Debtor as legal counsel. NOR CAL DESIGN: Seeks Chapter 11 Bankruptcy in California --------------------------------------------------------- On February 10, 2026, Nor Cal Design & Construction Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of California. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Nor Cal Design & Construction Inc. Nor Cal Design & Construction Inc. is a California-based construction and design firm providing residential and commercial building, remodeling, and renovation services. The company specializes in project management, architectural planning, and full-service construction solutions. Nor Cal Design & Construction Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40252) on February 10, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Charles Novack handles the case. The Debtor is represented by Elizabeth C. Sears, Esq. NORTH COUNTRY: Medical Equipment Sale to El Rio Health OK'd ----------------------------------------------------------- The U.S. Bankruptcy Court for the District of Arizona has permitted North Country Healthcare Inc. to sell medical equipment and furniture, free and clear of liens, claims, interests, and encumbrances. The Debtor is a federally tax exempt non-profit, federally qualified community health center (FQHC) headquartered in Flagstaff, Arizona. The Debtor has clinics in 10 communities throughout northern Arizona. The Debtor’s mission is to provide quality and affordable healthcare to those in the medically underserved rural communities of northern Arizona. The Debtor offers a variety of medical services including family medicine, pediatrics, obstetrics and gynecology, dental care, behavioral health services, telemedicine, health screenings and more. Details of the medical equipment and furniture can be found at https://urlcurt.com/u?l=DEUWNJ. The Court has authorized the Debtor to sell the Assets to El Rio Health, a tax exempt non-profit FQHC headquartered in Tucson, Arizona. The Buyer will purchase the Assets in a purchase price of $250,000. The Asset Purchase Agreement and Sale Transaction was negotiated and is undertaken by the Debtor and the Purchaser at arm's length, without collusion or fraud, and in good faith. The Purchaser is not an insider of the Debtor. The total consideration provided by the Purchaser constitutes reasonably equivalent value and fair consideration under the Bankrutpcy Code. About North Country Health Care Inc. North Country HealthCare, Inc. is a federally qualified community health center in Flagstaff, Ariz., which provides comprehensive primary and preventive healthcare services, including medical, dental, behavioral health, and specialty care, to patients across Northern Arizona. The organization operates clinics in 11 communities along the I-40 corridor and surrounding rural and underserved areas, offering services such as family medicine, pediatrics, obstetrics and gynecology, telemedicine, and health screenings. Founded in 1991 as the Flagstaff Community Free Clinic, it has since expanded into the region's primary community health center. North Country HealthCare also supports education and clinical training for healthcare students. North Country Health Care sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-12293) on December 19, 2025, listing between $10 million and $50 million in both assets and liabilities. Judge Daniel P. Collins oversees the case. The Debtor is represented by Philip J. Giles, Esq., at Allen, Jones & Giles, PLC. OHIO LUXURY: Frederic Schwieg Named Subchapter V Trustee -------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Frederic Schwieg, Esq., at Schwieg Law, as Subchapter V trustee for Ohio Luxury Builders, LLC. Mr. Schwieg will be paid an hourly fee of $370 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Schwieg declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Frederic P. Schwieg, Esq. Schwieg Law 2705 Gibson Drive Rocky River, OH 44116-1815 Phone: (440) 499-4506 Email: fschwieg@schwieglaw.com About Ohio Luxury Builders LLC Ohio Luxury Builders, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Case No. 26-40137) on February 8, 2026, with $1 million to $10 million in both assets and liabilities. Judge Tiiara NA Patton presides over the case. Charles Tyler, Sr., Esq., represents the Debtor as legal counsel. PARTNERS PHARMACY: SSG Served as Investment Banker in Asset Sale ---------------------------------------------------------------- SSG Capital Advisors, LLC, served as the investment banker to Partners Pharmacy Services, LLC and certain affiliates (Partners Pharmacy or the Company) in the sale of substantially all assets to CS One, LLC. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. The transaction closed in February 2026. Partners Pharmacy is a leading provider of long-term care pharmacy services, delivering comprehensive medication management solutions --including unit-dose packaging, daily delivery, pharmacist consulting, and seamless integration with electronic medication administration records – to skilled nursing, assisted living, and alternative care facilities. In addition to its regional pharmacy operations across New Jersey, Massachusetts, and Connecticut, the Company also operates a virtual hospice pharmacy platform that supports providers nationwide through technology-enabled clinical oversight and coordinated dispensing services. For more than 30 years, Partners Pharmacy has been a trusted leader in the institutional pharmacy industry. Beginning with the onset of the COVID-19 pandemic and continuing in the years that followed, persistent declines in facility census reduced medication volumes and placed ongoing operational and financial pressures on the business. In response, the Company implemented proactive initiatives focused on cost optimization, operational efficiency, and pharmacy consolidation. While these efforts enhanced performance and improved financial flexibility, continued census pressures led the Company to pursue a Chapter 11 process in August 2025 to strengthen its balance sheet and position the business for long-term success. SSG was engaged to lead a comprehensive post-petition marketing process, canvassing a wide market of potential strategic and financial buyers and soliciting competing offers to the Stalking Horse Bid submitted by the Company's pre-petition secured and DIP lender, CS One, LLC. Following extensive outreach and negotiations, CS One's bid was determined to represent the highest and best value for substantially all assets. SSG's ability to deliver value-maximizing solutions in complex Chapter 11 scenarios resulted in a transaction that preserved pharmacy operations and ensured the uninterrupted delivery of essential medications and services to long-term care facilities. Other professionals who worked on the transaction include: * Ronald M. Winters, Chief Restructuring Officer, and Tyler Brasher of Gibbins Advisors, LLC, financial advisor to Partners Pharmacy Services, LLC; * Harvey L. Tepner, Independent Director to Partners Pharmacy Services, LLC; * Patrick J. Potter, Dania Slim, Roland C. Reimers, L. James Dickinson and Amy West of Pillsbury Winthrop Shaw Pittman LLP, counsel to Partners Pharmacy Services, LLC; * Andrew K. Glenn and Malak S. Doss of Glenn Agre Bergman & Fuentes LLP, co-counsel to CS One, LLC; * Mark C. Taylor and Michael P. Ridulfo of Kane Russell Coleman Logan PC, co-counsel to CS One, LLC; * Robert M. Hirsh, Kristian W. Gluck, Julie Goodrich Harrison and Jason Blanchard of Norton Rose Fulbright US LLP, counsel to the Unsecured Creditors Committee; and * Mark Shapiro, Brandon Smith and Irene Byela of GlassRatner Advisory & Capital Group, LLC, financial advisor to the Unsecured Creditors Committee. About Partners Pharmacy Services Partners Pharmacy Services LLC provides medication management services to residents in skilled nursing facilities, assisted living communities, long-term care residences, long-term acute care hospitals, and institutional care facilities across the United States. Founded in 1998 and headquartered in Springfield Township, New Jersey, the Company operates in multiple states through a network of in-house pharmacies and regional locations, offering services such as automation systems, infusion therapy technologies, compounding, and clinical decision-support tools. It is one of the largest long-term care pharmacy providers in the U.S., serving over 48,000 residents in more than 500 communities. Partners Pharmacy Services LLC and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 25-34698) on August 13, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Judge Christopher M. Lopez oversees the case. The Debtors are represented by Patrick J. Potter, Esq., Dania Slim, Esq., Amy West, Esq., and L. James Dickinson, Esq. of PILLSBURY WINTHROP SHAW PITTMAN LLP. SSG CAPITAL ADVISORS, LLC is the Debtors' Investment Banker. GIBBONS ADVISORS, LLC is the Debtors' Financial Advisor. KROLL RESTRUCTURING ADMINISTRATION LLC is the Debtors' Notice, Claims & Balloting Agent and Administrative Advisor. PELICAN PROS: Greta Brouphy Named Subchapter V Trustee ------------------------------------------------------ The Acting U.S. Trustee for Region 5 appointed Greta Brouphy, Esq., at Heller Draper & Horn, LLC as Subchapter V trustee for Pelican Pros, LLC. Ms. Brouphy will be paid an hourly fee of $425 for her services as Subchapter V trustee and an hourly fee of $125 for paralegal services. In addition, the Subchapter V trustee will receive reimbursement for work-related expenses incurred. Ms. Brouphy declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Greta M. Brouphy Heller Draper & Horn, LLC 650 Poydras St., Ste. 2500 New Orleans, LA 70130-6175 Telephone: 504-299-3300-; Fax 504-299-33 Email: gbrouphy@hellerdraper.com About Pelican Pros LLC Pelican Pros, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 26-10262) on February 5, 2026, with $1 million to $10 million in assets and liabilities. Keith McGuire, authorized representative of the Debtor, signed the petition. Judge Meredith S. Grabill presides over the case. Edwin M. Shorty Jr., Esq., at Edwin M. Shorty Jr. & Associates represents the Debtor as legal counsel. PLATINUM WEALTH: Case Summary & Nine Unsecured Creditors -------------------------------------------------------- Debtor: Platinum Wealth Venture, LLC d/b/a Next Level Insurance Direct 1936 Bruce B Downs Blvd 426 Wesley Chapel, FL 33543 Business Description: Platinum Wealth Venture, LLC, doing business as Next Level Insurance Direct, is a Florida-based company that operates as an insurance marketing and advisory business providing Medicare-related insurance guidance and enrollment assistance through licensed agents, including Medicare Advantage and Medicare Supplement plans offered by third-party insurance carriers. The company conducts its operations in the financial and insurance services sector and markets insurance products and educational resources through its Next Level Insurance Direct brand, assisting consumers in comparing coverage options and completing enrollment processes. Chapter 11 Petition Date: February 6, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-00955 Debtor's Counsel: Joel Aresty, Esq. JOEL M. ARESTY PA 309 1st Ave. S. Tierra Verde, FL 33715 Tel: (305) 904-1903 Email: aresty@icloud.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by David Potter as manager. A full-text copy of the petition, which includes a list of the Debtor's nine unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/JJNH4EA/PLATINUM_WEALTH_VENTURE_LLC__flmbke-26-00955__0001.0.pdf?mcid=tGE4TAMA PLATINUM WEALTH: 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 Platinum Wealth Venture, 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 Platinum Wealth Venture LLC Platinum Wealth Venture, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00955) on February 6, 2026, listing assets of up to $50,000 and liabilities of between $1 million and $10 million. Joel M. Aresty, Esq., at Joel M. Aresty, P.A. represents the Debtor as legal counsel. PROAMPAC PG: Moody's Affirms 'B3' CFR & Alters Outlook to Stable ---------------------------------------------------------------- Moody's Ratings affirmed ProAmpac PG Borrower LLC's (ProAmpac) corporate family rating at B3 and probability of default rating at B3-PD. At the same time, Moody's assigned B3 ratings to the company's proposed $3.815 billion USD tranche backed senior secured first lien term loan due 2033, EUR432 million EUR tranche (equivalent to $500 million USD) backed senior secured first lien term loan due 2033, and $600 million backed senior secured first lien revolving credit facility due 2031. Additionally, Moody's affirmed the B3 rating on the existing backed senior secured first lien bank credit facility, including the $350 million backed senior secured first lien revolving credit facility due June 2028 and $2.7 billion backed senior secured first lien term loan due September 2028, which will be withdrawn at close. The outlook was changed to stable from negative. Proceeds from the proposed term loan, along with a $375 million common equity contribution, a $200 million preferred equity contribution and cash from the balance sheet will be used to finance the acquisition of TC Transcontinental Packaging ("TCP") for a purchase price of $1.675 billion, including fees and expenses. The proceeds will also be used to refinance ProAmpac's existing first and second lien debt. The new $600 million revolving credit facility will be undrawn post-close. The B3 ratings affirmation with stable outlook reflects ProAmpac's good liquidity with no near term debt maturities and Moody's expectations that the proposed acquisition will provide an uplift to earnings and path to deleveraging towards 7x debt/EBITDA over the next 12-18 months. RATINGS RATIONALE ProAmpac's B3 CFR reflects the company's high leverage, limited free cash flow generation, and track record of aggressive growth through acquisitions. High debt levels lead to weak interest coverage, which Moody's expects to improve over the next 12 months due to earnings contributions from recent acquisitions. While the acquisition of TCP will support the growth of ProAmpac's product offering in several key end markets, it does present additional execution risk as the company integrates operations of another sizable acquisition in a short period. TCP's strong market position in non-discretionary meat and dairy packaging will support ProAmpac's earnings trajectory even in a subdued macroeconomic environment in 2026. The acquisition will also create margin-accretive opportunities for procurement savings and manufacturing footprint consolidation over the next several years. ProAmpac benefits from its significant exposure to staple goods such as food and beverage and food service, as well as its focus on value-added products for its customers. Moody's expects ProAmpac will continue to expand its material science capabilities and improve its business mix through sustainability innovation. The B3 rating also reflects the company's long-term relationships with its customers, which allows it to win new business within the existing blue-chip customer base. Nevertheless, ProAmpac's credit profile is constrained by its lack of long-term contracts on about half of its business. Moody's expects ProAmpac to maintain good liquidity over the next 12 to 18 months, supported by $38 million of pro forma cash on the balance sheet and no expected borrowings on the proposed $600 million revolver expiring 2031. Moody's do not expect ProAmpac to violate the springing covenant on the revolving credit facility. ENVIRONMENTAL, SOCIAL, GOVERNANCE CONSIDERATIONS Governance considerations are material to ProAmpac's rating. Governance factors Moody's considers for ProAmpac include the equity contribution in the proposed transaction to help fund the acquisition of TCP, and a pathway to a more manageable leverage profile over the next 12 to 18 months. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Moody's could downgrade the ratings if ProAmpac fails to improve credit metrics or engages in material debt funded acquisitions or dividend distributions. Specifically, the rating could be downgraded if total adjusted debt to EBITDA is sustained above 7.0x, EBITDA to interest coverage falls below 2.0x, or free cash flow to debt turns negative. An upgrade of the ratings would be dependent upon an improvement in credit metrics, employment of a less aggressive financial policy and the maintenance of good liquidity. Specifically, the ratings could be upgraded if total adjusted debt to EBITDA is sustained below 6.0x, EBITDA to interest coverage is above 3.0x and free cash flow to debt is above 3.5%. Headquartered in Cincinnati, Ohio, ProAmpac PG Borrower LLC is a manufacturer of flexible plastic packaging products serving customers primarily in the food, retail, healthcare, and industrial end markets. ProAmpac is majority owned and controlled by PPC Partners. The company recorded the revenue of about $2.4 billion for the twelve months that ended in September 2025. The principal methodology used in these ratings was Packaging Manufacturers: Metal, Glass and Plastic Containers published in December 2025. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. PURSE LADIES: L. Todd Budgen Named Subchapter V Trustee ------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed L. Todd Budgen, Esq., a practicing attorney in Longwood, Fla., as Subchapter V trustee for The Purse Ladies Holdings, LLC. Mr. Budgen will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Budgen declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: L. Todd Budgen, Esq. P.O. Box 520546 Longwood, FL 32752 Tel: (407) 232-9118 Email: Todd@C11Trustee.com About The Purse Ladies Holdings LLC The Purse Ladies Holdings, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00523) on February 6, 2026, with up to $50,000 in assets and $100,000,001 to $500 million in liabilities. Thomas C. Adam, Esq., at Adam Law Group, P.A. represents the Debtor as bankruptcy counsel. PUSHPA INTERNATIONAL: Gets Final OK to Use Cash Collateral ---------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of New York entered a final order authorizing Pushpa International Inc. to use cash collateral. The court concluded that cash collateral use is necessary to pay ordinary and necessary operating expenses, including payroll and store-related costs, without which the Debtor would be forced to cease operations and lose any opportunity to reorganize. Under the final order, the Debtor is authorized to use cash collateral consistent with its budget, subject to a 10% variance or further consent or order. As adequate protection, secured creditors including MPJ Consultants, Inc. and SP&M Jagota's, LLC will be granted replacement liens on cash collateral to the extent of any diminution in value, maintaining the same priority as their pre-petition liens. These liens are subordinate only to specified carveouts for U.S. Trustee fees, court fees, approved professional fees, and up to $10,000 for a hypothetical Chapter 7 trustee. The replacement liens do not attach to Chapter 5 avoidance actions, and the order does not finally determine the validity or extent of the secured creditors' pre-petition liens, which remain subject to investigation and challenge. The Debtor is required to make monthly payments of $7,000 to the secured creditors beginning this month, and to provide monthly inventory reports to the secured creditors, Subchapter V Trustee, and U.S. Trustee. The Debtor's authority to use cash collateral terminates upon dismissal, conversion, plan confirmation, or modification of the order, and the Court retains jurisdiction to enforce and interpret the order. The secured creditors may seek termination of cash collateral use or other relief upon default after notice and a 14-day cure period. The final order is available at https://is.gd/PBdMCZ from PacerMonitor.com. MPJ and SP&M are represented by: Andrea B. Malin, Esq. Genova, Malin & Trier, LLP Hampton Business Center 1136 Route 9 Wappingers Falls, NY 12590 (845) 298-160 About Pushpa International Inc. Pushpa International Inc., doing business as Glamour Couture, is a Tri-state area retailer offering designer gowns, prom, formal, and Quinceanera dresses, along with accessories and shoes, providing in-store personalized assistance for special occasion apparel. Pushpa International filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-22969) on October 14, 2025, listing between $500,000 and $1 million in assets and between $1 million and $10 million in liabilities. Ronald Friedman, Esq., at Rimon, PC serves as Subchapter V trustee. Judge Kyu Young Paek oversees the case. The Debtor is represented by Julie Cvek Curley, Esq., at Kirby Aisner & Curley, LLP. R&R TRANSPORT: Gets OK to Use Cash Collateral --------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas (Houston Division) entered an agreed order authorizing R&R Transport & Logistics, LLP and R&R Transport, Inc. to use cash collateral. Under the order, the Debtors are authorized to use cash collateral held in specified operating accounts at Simmons Bank, subject strictly to an approved operating budget. Operating disbursements must not exceed the budget by more than 10% on a rolling four-week basis, and any use outside the budget requires either the lender's written consent or a further court order. Insurance proceeds must be placed in segregated accounts and may not be used without lender consent. As part of the order, the Debtors acknowledge the validity, enforceability, and perfection of Simmons Bank's pre-petition liens securing multiple loan agreements, as well as the amounts owed under those loans. The court granted adequate protection to Simmons Bank through strict budget compliance, replacement liens on post-petition assets (excluding avoidance actions), and monthly payments, including an initial payment of $25,783.38. Additional adequate protection was granted to Fox Funding Group, LLC and Union Funding Source, Inc., including replacement liens and monthly payments of $500 each. Events of default under the order include failure to make payments, budget overruns, unauthorized expenditures, false financial reporting, or conversion or dismissal of the case. Upon default and expiration of any cure period, the lenders may terminate consent to use cash collateral and seek emergency stay relief to enforce their rights against the collateral. The authorization to use cash collateral remains in effect unless terminated by default or trustee appointment, and all lender protections survive termination. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/YlAOH from PacerMonitor.com. About R&R Transport & Logistics LLP R&R Transport & Logistics, LLP provides courier, delivery, and logistics services specializing in the transportation of parcels and freight. It operates from Houston, Texas, serving clients across regional and interstate routes through its fleet of trucks and delivery vehicles. R&R Transport & Logistics sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 25-36034) on October 9, 2025. In its petition, the Debtor reported total assets of $1,124,622 and total debts of $1,489,420. Judge Jeffrey P. Norman oversees the case. The Debtor is represented by Richard L. Fuqua, II, Esq., at Fuqua & Associates, P.C. REALTY-BUY-DESIGN: Voluntary Chapter 11 Case Summary ---------------------------------------------------- Two affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Realty-Buy-Design Inc. 26-01150 2935 W. Lawn Avenue Tampa, FL 33611 Hey Vacay Inc. 26-01151 2935 W. Lawn Avenue Tampa, FL 33611 Business Description: Realty-Buy-Design Inc. and Hey Vacay Inc., both based in Tampa, Florida, operate as a connected enterprise in the residential real estate sector, with Realty-Buy-Design Inc. acting as a developer and builder specializing in residential redevelopment and energy-efficient new construction, and Hey Vacay Inc. managing short-term rental and hospitality operations for the properties developed by Realty-Buy-Design Inc. Chapter 11 Petition Date: February 13, 2026 Court: United States Bankruptcy Court Middle District of Florida Debtors' General Bankruptcy Counsel: Edward J. Peterson, Esq. BERGER SINGERMAN LLP 101 E. Kennedy Boulevard Suite 1165 Tampa, FL 33602 Tel: 813-498-3400 Email: epeterson@bergersingerman.com Each Debtor's Estimated Assets: $1 million to $10 million Each Debtor's Estimated Liabilities: $1 million to $10 million The petitions were signed by Shaun Carcary in his capacities as president of Realty-Buy-Design and vice president of Hey Vacay Inc. The petitions were filed without the Debtors' lists of their 20 largest unsecured creditors. Full-text copies of the petitions are available for free on PacerMonitor at: https://www.pacermonitor.com/view/O7LQXWA/Realty-Buy-Design_Inc__flmbke-26-01150__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/4HKI3XI/Hey_Vacay_Inc__flmbke-26-01151__0001.0.pdf?mcid=tGE4TAMA RED RIVER: J&J Ordered to Pay $250K in 2nd Philadelphia Talc Trial ------------------------------------------------------------------ P.J. D'Annunzio of Law360 Bankruptcy Authority reports that on Friday, February 13, 2026, Johnson & Johnson was ordered to pay $250,000 by a Philadelphia jury in a case alleging that its once-famous talc powder caused a woman's cancer. The verdict follows a trial in which the plaintiff's family argued that prolonged product use led to the illness. Jurors found the company liable after weighing expert testimony and internal company evidence presented during the proceedings. The decision represents the second verdict in favor of a plaintiff in a recent Philadelphia talc trial, according to report. The company has repeatedly disputed claims that its talc-based products are carcinogenic and has emphasized regulatory findings supporting their safety. Johnson & Johnson is expected to seek post-trial review of the award, the report relays. 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. RENEE'S FAMILY: Seeks Chapter 7 Bankruptcy in Indiana ----------------------------------------------------- On February 11, 2026, Renee's Family Breakfast, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of Indiana. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Renee's Family Breakfast, LLC Renee's Family Breakfast, LLC is a limited liability company operating in the restaurant and food service sector, offering breakfast and casual dining services. Renee's Family Breakfast, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-30171) on February 11, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Paul E. Singleton handles the case. The Debtor is represented by Paul E. Singleton, Esq., of Gloyeski Law Office. RINCHEM COMPANY: Moody's Withdraws 'Ca' Corporate Family Rating --------------------------------------------------------------- Moody's Ratings has withdrawn all ratings for Rinchem Company, LLC, including the Ca corporate family rating, Ca-PD Probability of Default Rating and the Ca rating on its senior secured first lien term loan, senior secured first lien term loan B, and senior secured first lien revolving credit facility. At the time of the withdrawal the outlook was stable. RATINGS RATIONALE Moody's have decided to withdraw the rating(s) following a review of the issuer's request to withdraw its rating(s). Rinchem is a specialized supply chain solutions provider to semiconductor manufacturing, pharmaceuticals and biotechnology. It warehouses and transports high-value, high purity chemicals and specialty gases for the complex semiconductor manufacturing process. The company is owned by investment vehicles affiliated with Stonepeak Infrastructure Partners. RYAN HOHMAN: Court Confirms Plan of Reorganization -------------------------------------------------- The U.S. Bankruptcy Court for the District of Utah confirmed Ryan Hohman LLC's Plan of Reorganization dated October 17, 2025. As shared by the Troubled Company Reporter, Ryan Hohman LLC filed with the U.S. Bankruptcy Court for the District of Utah a Plan of Reorganization dated October 17, 2025. The Debtor is a Utah limited liability company organized to provide staffing and employee training services for third parties. Because of the increased debt brought on by trying to grow the business and then the decreased revenue and increased cost of doing business the Debtor was unable to meet all of its financial obligations. Accordingly, to save the business and to put itself in a position hat it could pay back as much as possible to its creditors, the Debtor was left with no choice but to file its voluntary petition for relief under Chapter 11 of the Bankruptcy Code, which it did on April 22, 2025. Class 2 contains all of the allowed nonpriority unsecured claims that timely filed proofs of claim include, American Express National Bank (POC 2-$33,955.20), JP Morgan Chase Bank N.A. (POC 3-$34,142.49), JPMC (POC 4-$31,853.18), JPMC (POC 5-$150,432.82), AENB (POC 6-$51,275.29), Capital One, N.A. by AIS InfoSource LP, as agent (POC 7-$9,500.00), Forward Financing, LLC (POC 8-94,239.92), For a Financial Asset Securitization 2024, LLC (POC 9-$66,341.76), Zions Bank (POC 10-$2,807.91) and Revenued, LLC (POC 11-$127,953.73). Class 2 will also include the unsecured portion of the SBA claim in the amount of $112,237.69. Creditors in Class 2 shall receive a prorate portion of variable quarterly payments in the amount of approximately $15,000.00 each for Year 1; $22,500.00 each for Year 2; $60,000.00 each for Year 3; and $90,000.00 each for Year 4, until 100% of their allowed claims, which the Debtor estimates to be $714,739.99, are paid. Such payments under the Plan shall commence no later than 90 days after the effective date. The payments will be in full satisfaction of the respective claims of the creditors in Class 2, without interest. The Reorganized Debtor shall continue to operate the Debtor's business and to make payments according to the Plan. A full-text copy of the Plan of Reorganization dated Oct. 17, 2025 is available at https://urlcurt.com/u?l=PVXeEI from PacerMonitor.com at no charge. Counsel to the Debtor: Andres Diaz, Esq. Timothy J. Larsen, Esq. DIAZ & LARSEN 757 East South Temple, Suite 201 Salt Lake City, UT 84102 Telephone: (801) 596-1661 Facsimile: (801) 359-6803 Email: courtmail@adexpresslaw.com The Court finds confirmation of the Plan in this case is consensual because Section 1129(a)(8) and (10) of the Bankruptcy Code have been met and, therefore, Section 1191(a) applies. A copy the Court's Findings of Fact and Conclusions of Law dated February 11, 2026, is available at https://urlcurt.com/u?l=tj30AQ from PacerMonitor.com. About Ryan Hohman LLC Ryan Hohman LLC owns and operates Sales Recruiting University, a private staffing and training firm that helps companies scale commission-based sales teams in North America. Headquartered in Salt Lake City since 2018, the Company designs lead-generation funnels, vets candidates and can place five to 15 sales representatives per client each month. Ryan Hohman LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 25-22161) on April 22, 2025. In its petition, the Debtor reports total assets as of March 31, 2025 of $193,066 and total liabilities as of March 31, 2025 of $1,059,433. Bankruptcy Judge Kevin R. Anderson handles the case. The Debtor is represented by Andres Diaz, Esq. at DIAZ & LARSEN. SAILORMEN INC: U.S. Trustee Appoints Creditors' Committee --------------------------------------------------------- Guy Van Baalen, Acting U.S. Trustee for Region 21, appointed an official committee to represent unsecured creditors in the Chapter 11 case of Sailormen, Inc. The committee members are: 1. Michael DiGiacomo c/o Realty Income Corporation 11995 El Camino Real San Diego, CA 92130 Phone: (858) 284-5382 mdigiacomo@realtyincom.com Counsel: Joel F. Newell, Esq. c/o Ballard Spahr, LLP newellj@ballardspahr.com 2. Steve Schefsky c/o Schefsky Family Revocable Trust 24 Vista Lane Burmingname, CA 94010 Phone: (650) 248-9218 sschefsky@comcast.net Counsel: Michael S. Hoffman, Esq. c/o Lessne Hoffman, PLLC mhoffman@lessnehoffman.law 3. Patrick Egan c/o Egan Family Trust LP P.O. Box 1705 Lancaster, PA 17608 Phone: (717) 587-3899 peagan@egansecuritygroup.com Counsel: James S. Telepman, Esq. c/o Cohen Norris Wolmer RayTelepman Berkowitz & Cohen jst@cohennorris.com 4. Maria Amin c/o Investments AAB Two LLC 620 NW 89th Blvd. Gainesville, FL 32607 Phone: (281) 813-7346 aminmariadelr@gmail.com Counsel: Eric J. Silver, Esq. c/o Stearns Weaver esilver@stearnsweaver.com 5. Richard Schiener c/o 404 Midland Avenue LLC 253 Bearwoods Road Park Ridge, NJ 07656 Phone: (201) 696-2090 sssinc@msn.com Counsel: Eric J. Silver, Esq. c/o Stearns Weaver esilver@stearnsweaver.com Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About Sailormen Inc. Sailormen Inc. is a leading franchisee of Popeyes Louisiana Kitchen restaurants. Sailormen sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10451) on January 15, 2026. In its petition, the Debtor reported assets of between $100 million and $500 million and liabilities of $342 million. Honorable Bankruptcy Judge Robert A. Mark handles the case. The Debtor is represented by Bradley S. Shraiberg, Esq. SAKS GLOBAL: Gets OK to Start Closing Process of 9 Flagship Stores ------------------------------------------------------------------ Vince Sullivan of Law360 Bankruptcy Authority reports that bankrupt luxury retailer Saks Global received court approval on February 13, 2026, in Texas to begin closing procedures at nine of its flagship stores and continue liquidating its off-price e-commerce inventory as part of its Chapter 11 restructuring efforts. The company told the court that the store closures are aimed at reducing overhead costs and streamlining operations while it evaluates strategic alternatives for its remaining assets. The liquidation of online off-price merchandise is expected to generate additional liquidity to support the bankruptcy process, the report staets. With the court's authorization, Saks Global will move forward with sales events and related wind-down activities at the affected locations. The retailer said the measures are intended to maximize value for creditors while preserving viable segments of the business, according to Law360. 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. SCHMIDT METAL: Seeks Chapter 7 Bankruptcy in California ------------------------------------------------------- On February 9, 2026, Schmidt Metal Tech LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Central District of California. According to court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1 and 49 creditors. About Schmidt Metal Tech LLC Schmidt Metal Tech LLC is a metal fabrication and machining company providing custom metal products and precision manufacturing services. Schmidt Metal Tech LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11194) on February 9, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. Honorable Bankruptcy Judge Sheri Bluebond handles the case. The Debtor is represented by Dean G. Rallis, Jr., Esq. of Hahn & Hahn LLP. SJW AUTOMOTIVE: Case Summary & 19 Unsecured Creditors ----------------------------------------------------- Debtor: SJW Automotive LLC 3801 Kelley Ave Springdale, AR 72762 Business Description: SJW Automotive LLC operates an automotive repair and service center in Springdale, Arkansas, providing vehicle maintenance, diagnostics, transmission repair, and general auto repair services. Chapter 11 Petition Date: February 9, 2026 Court: United States Bankruptcy Court Western District of Arkansas Case No.: 26-70217 Judge: Hon. Bianca M Rucker Debtor's Counsel: Jessica Hall, Esq. WH LAW 1 Riverfront Place Suite 745 North Little Rock, AR 72114 E-mail: BK@wh.law Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Braeden Lynn Johnson as incorporator or organizer. A full-text copy of the petition, which includes a list of the Debtor's 19 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/3AA6QVA/SJW_Automotive_LLC__arwbke-26-70217__0001.0.pdf?mcid=tGE4TAMA SJW AUTOMOTIVE: Stanley Bond Named Subchapter V Trustee ------------------------------------------------------- The Acting U.S. Trustee for Region 13 appointed Stanley Bond as Subchapter V trustee for SJW Automotive, LLC. Mr. Bond will be paid an hourly fee of $250 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Bond declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Stanley V. Bond P.O. Box 1893 Fayetteville, AR 72702 479-444-0255 Email: attybond@me.com About SJW Automotive LLC SJW Automotive, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. Ark. Case No. 26-70217) on February 9, 2026, listing assets of up to $50,000 and liabilities of between $1 million and $10 million. Judge Bianca M. Rucker presides over the case. Jessica Hall, Esq., represents the Debtor as legal counsel. SOUTHLAND MANUFACTURING: 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 Southland Manufacturing, 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 Southland Manufacturing Inc. Southland Manufacturing, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-51755) on February 9, 2026, with $100,001 to $500,000 in assets and $1 million to $10 million in liabilities. Paul Reece Marr, Esq. at Paul Reece Marr, PC represents the Debtor as legal counsel. SPECIALTY CARTRIDGE: Court Confirms Chapter 11 Plan --------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Georgia confirmed the Chapter 11 Plan of Reorganization dated September 4, 2025 and Disclosure Statement filed by Specialty Cartridge, Inc. d/b/a Atlanta Arms. The Plan provides for the sale of the Class 3 Interests to GM Acquisition, LLC, (the "Original Purchaser") or its designated Assignee. Prior to the Confirmation Hearing the Original Purchaser designated 322 Ventures, LLC, as the Purchaser under the Plan (the "Purchaser"). The Plan provides for the assumption of the lease of Debtor's facility located at 9126 Industrial Blvd, Covington, GA 30014 with SWOF II Convoy 9126, LLC ("Facility Lessor"). Prior to the Confirmation Hearing, Purchaser and Facility Lessor executed a Lease Agreement effective February 10, 2026. As shared by the Troubled Company Reporter, Specialty Cartridge, Inc., d/b/a Atlanta Arms filed with the U.S. Bankruptcy Court for the Northern District of Georgia a Disclosure Statement with respect to Plan of Reorganization dated September 4, 2025. The Debtor is engaged in the business of (i) manufacturing ammunition and ammunition related components such as projectiles and casings, and (ii) contract ammunition loading services for other manufacturers. The Debtor primarily operates at 9126 Industrial Blvd, Covington, GA 30014 (the "Facility"). Debtor occupies the Facility under lease dated September 10, 2024, with SWOF II Convoy 9126, LLC ("Facility Lessor"). On the Petition Date, Debtor also had equipment identified as a Formax 36M Stamping Machine, a Formax 36M-R Stamping Machine, and Jen Fab Hot Wash (collectively, with all attachments, tools, accessories, and parts, the "Arkansas Equipment") located at a contract manufacturing facility operated by Grandeur Fasteners at 18796 East State Highway 10, Danville, AR 72833 (the "Arkansas Facility"). The Arkansas Equipment was subject to a Master Lease Agreement #42094GA-111 with Schedules, by and between Debtor and BancFinancial, National Association, as agent for BancLeasing, LLC (the "Arkansas Equipment Lease"). The Debtor decided to sell the Arkansas Equipment, pay off the Arkansas Equipment Lease, and focus on its core business. This Chapter 11 case was filed to effect those goals. Class 2A consists of the Holders of Convenience Claims, defined as any Allowed Claim equal to or less than $5,000.00. Each Holder of an Allowed Convenience Claim will be paid the amount of its Allowed Claim on the Effective Date of the Plan, with interest from the Petition Date at the federal rate provided in Section 1961 of the Bankruptcy Code. Any Holder of an Allowed Unsecured Claim may elect to reduce its Claim to $5,000.00 and be treated as a Class 2A Convenience Claim. Class 2B consists of the Holders of General Unsecured Claims. Each Holder of an Allowed Class 2B Claim will receive a Pro Rata share of $90,000.00 beginning March 31, 2026, and continuing on the last day of every third month thereafter until paid in full, with interest from the Petition Date at the federal rate provided in Section 1961 of the Bankruptcy Code. Class 3 consists of the interests of Jason Koon, who will retain his 100% interest in Debtor. The Debtor will create a segregated Distribution Fund and will fund the Distribution Fund from Post-Confirmation operations. Debtor's management will continue to consist of Jason Koon, as CEO (salary - $3,175.00 per week) and Michael Hollar, as CFO (salary - $1,896.92 per week). Debtor will continue to maintain and pay the premiums for the health, dental and vision insurance for its employees through United Healthcare. The Debtor's obligation to fund the Distribution Fund as provided herein will cease upon payment in full of the Class 2B Claims as provided in the Plan. The funds in the Distribution Fund will be held in escrow for the sole and exclusive benefit of those parties entitled to Distributions therefrom. Upon payment in full of the Class 2B Claims, any remaining funds in the Distribution Fund will be disbursed to Debtor. A full-text copy of the Disclosure Statement dated September 4, 2025 is available at https://urlcurt.com/u?l=KkCYQe from PacerMonitor.com at no charge. Counsel to the Debtor: G. Frank Nason, IV, Esq. Lamberth, Cifelli, Ellis & Nason, PA 6000 Lake Forrest Drive, N.W., Suite 290 Atlanta, GA 30328 Telephone: (404) 262-7373 With respect to each impaired Class of Claims, the Court finds that each Holder of a Claim in such Class has accepted the Plan or will receive or retain under the Plan on account of such Claim property of a value, as of the Effective Date of the Plan, that is not less than the amount such Holder would receive or retain if Debtor liquidated under Chapter 7 of Title 11, all as required by 11 U.S.C. Sec. 1129(a)(7). The Plan has been accepted in writing by all impaired Classes of Claims and Interests as required by 11 U.S.C. Sec. 1129(a)(8). There are no Claims of a kind specified in 11 U.S.C. Secs. 507(a)(1), 507(a)(3), 507(a)(4), 507(a)(5), 507(a)(6), or 507(a)(7). With respect to Claims of a kind specified in 11 U.S.C. Sec. 507(a)(2), the Plan provides that such Claims will be paid in full on the Effective Date of the Plan, the date such Claims are allowed by the Court, or as agreed upon by the Holder of such Claims. With respect to Claims of a kind specified in 11 U.S.C. Sec. 507(a)(8), the Plan provides for payment in full with 7% interest no later than 30 days after the Effective Date. Therefore, the provisions of 11 U.S.C. Sec. 1129(a)(9) have been met. Based on record in the case and the representations at the Confirmation Hearing, the Court concludes that the Plan is feasible. Therefore, the provisions of 11 U.S.C. Sec. 1129(a)(11) have been met. A copy the Court's Order dated February 11, 2026, is available at https://urlcurt.com/u?l=7Ty0Z6 from PacerMonitor.com. About Specialty Cartridge Inc. Specialty Cartridge, Inc., doing business as Atlanta Arms, manufactures precision ammunition for handguns and rifles. Based in Covington, Ga., the company supplies law enforcement agencies, military clients, and shooting sports professionals. It operates out of a 20,000-square-foot climate-controlled facility. Specialty Cartridge sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-55193) on May 7, 2025. In its petition, the Debtor reported total assets of $15,065,301 and total liabilities of $8,137,719. G. Frank Nason, IV, Esq., at Lamberth Cifelli Ellis & Nason, PA is the Debtor's legal counsel. Pinnacle Bank, as secured lender, is represented by: Michael B. Pugh, Esq. Thompson, O'Brien, Kappler & Nasuti, P.C. 2 Sun Court, Suite 400 Peachtree Corners, GA 30092 Tel: (770) 925-0111 Fax: (770) 925-8597 E-mail: mpugh@tokn.com SPOKANE INDUSTRIES: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------------ The U.S. Trustee for Region 18 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Spokane Industries, LLC. About Spokane Industries LLC Spokane Industries, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wash. Case No. 26-00116) on January 23, 2026, with $9,872,078 in assets and $19,854,752 in liabilities. The petition was signed by Patrick Turner as managing member. Judge Frederick P. Corbit oversees the case. The Debtor is Represented by: Thomas A. Buford, Esq. Bush Kornfeld LLP Tel: 206-292-2110 Email: tbuford@bskd.com STG LOGISTICS: Gets OK for Chapter 11 Loan Despite Lender Row ------------------------------------------------------------- Akiko Matsuda of The Wall Street Journal reports that a federal bankruptcy judge approved STG Logistics' debtor-in-possession loan, authorizing new financing critical to the company's restructuring while allowing objecting lenders to continue litigating claims tied to a controversial 2024 liability-management deal. The financing package includes $150 million in fresh capital and a $143.75 million roll-up of prepetition debt into the DIP facility. The roll-up elevates participating lenders' existing claims into a higher-priority position, placing them ahead of other creditors in any repayment scenario. Fortress Investment Group and Invesco are among those lenders benefiting from the structure. The arrangement effectively converts prior debt into superpriority obligations, strengthening their standing in the bankruptcy case, the report states. Axos Financial and Siemens Financial Services, which did not participate in the 2024 transaction, sought to block the financing. They argue the earlier debt maneuver impaired their contractual rights, including rights to interest payments, and contend that final approval would solidify those changes. The court permitted the financing to proceed but preserved the lenders' ability to pursue their challenges, according to The Wall Street Journal. 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. STRIPE A LOT: Gets Final OK to Use Cash Collateral -------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, entered a final order authorizing Stripe a Lot of America II, Corp. to use cash collateral through the effective date of the Debtor's plan of reorganization. Under the order, the Debtor is authorized to use cash collateral for court-approved payments, the operating expenses set forth in its budget (with up to a 10% variance per line item), and any additional expenses subject to approval by secured creditors. The Debtor projects total operational expenses of $376,604 for the period from January to March. As protection, secured creditors will be granted a perfected post-petition replacement lien on cash collateral, maintaining the same validity and priority as their pre-petition liens without the need for further documentation. As adequate protection, the Debtor is required to make monthly payments to Commercial Credit Group, Inc., including payments of $2,500 for November 2025, December 2025, and January 2026, followed by $4,340 per month starting this month, continuing until the indebtedness is paid or further court order. The Debtor must also maintain required insurance coverage. The order preserves the rights of the U.S. Trustee to appoint a creditors' committee and allows secured creditors to seek modified adequate protection or other remedies, with the court retaining jurisdiction to enforce the order. The order is available at https://is.gd/tGgSR1 from PacerMonitor.com. About Stripe a Lot of America II Corp. Stripe a Lot of America II Corp. provides asphalt paving, resurfacing, and repair services across Florida. The Company offers full-service commercial solutions including asphalt and concrete installation, sealcoating, striping, crack filling, ADA-compliant ramps, and drainage work. It also performs milling, full-depth reclamation, and parking lot maintenance projects for property owners and contractors. Stripe a Lot of America II Corp. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-07715) on October 20, 2025. In its petition, the Debtor reports total assets of $633,127 and total liabilities of $4,028,903. Honorable Bankruptcy Judge Roberta A. Colton handles the case. The Debtor is represented by Buddy D. Ford, Esq., at Ford & Semach, P.A. SUMMIT ACCESS: Section 341(a) Meeting of Creditors on March 6 ------------------------------------------------------------- On February 2, 2026, Summit Access, LLC, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on March 6, 2026 at 11:00 AM via Telephone conference. To attend, Dial 888-330-1716 and enter access code 6960876. About Summit Access LLC Summit Access, LLC owns the apartment property at 2510-2540 Peachtree Circle, NE, Atlanta, with 19 of 28 units currently occupied and all units move-in ready. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-51439) on February 2, 2026. In the petition signed by Romaia Karlsen, sole member, the Debtor disclosed up to $10 million in both assets and liabilities. Will Geer, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. SUMMIT COLLECTIVE: Gets Final OK to Use Cash Collateral ------------------------------------------------------- Summit Collective Incorporated and Rad Power Bikes, Inc. received final approval from the U.S. Bankruptcy Court for the Eastern District of Washington to use cash collateral. Under the final order, the Debtors are authorized to use cash collateral in accordance with an approved operating budget, subject to variance limits for fixed and variable expenses. Payments made under the budget are free and clear of secured lenders' liens. Fixed expenses are subject to a 10% variance per line item and a 5% cumulative cap, while variable expenses including logistics, tariffs, subcontractors, utilities, and taxes are exempt from strict variance limits to accommodate operational fluctuations. Any material deviations or budget amendments require further court approval or consent from JPMorgan Chase Bank, N.A. the senior secured lender. As adequate protection, JPMorgan will be granted liens on the Debtors' post-petition assets and approved superpriority administrative expense claims under Section 507(b). These protections ensure the lender's position is preserved if collateral value declines despite the use of cash collateral. The senior secured lender holds a first-position claim of approximately $11.2 million as of the petition date, subject to a limited period for parties to challenge the claim. Under the final order, the Debtors' authority to use cash collateral will be terminated if obligations are breached, the cases convert, or a trustee is appointed. Upon default and required notice, the Debtors must cease using cash collateral unless otherwise authorized. The final order is available at https://is.gd/AiesCH from PacerMonitor.com. About Summit Collective Incorporated Summit Collective Incorporated is a Seattle-based electric bicycle company founded in 2007, grew rapidly through a direct-to-consumer model and became a global brand with nearly 700,000 bikes in use. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wash. Case No. 25-02182) on December 15, 2025. In the petition signed by Angelina M. Smith, chief executive officer, the Debtor disclosed up to $50,000 in both assets and liabilities. Judge Whitman L. Holt oversees the case. The Debtor is represented by Armand J. Kornfeld, Esq., at Bush Kornfeld, LLP. JPMorgan Chase Bank, N.A., as senior secured lender, is represented by: Austin Rainwater, Esq. Holland & Knight, LLP Fifth Avenue, Suite 4700 Seattle, WA 98104 Telephone: 206.505.4000 Austin.Rainwater@hklaw.com -and - Brent McIlwain, Esq. Holland & Knight, LLP One Arts Plaza, 1722 Routh St, Ste 1500 Dallas, TX 75201 Telephone: 214-964-9481 Brent.McIlwain@hklaw.com TAWR PROPERTY: 19 Affiliates' Case Summary & Unsecured Creditors ---------------------------------------------------------------- Nineteen affiliates of TAWR Property Owner, Ltd. that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Baxter Southwest Corporate Realty Services, Inc. 26-90171 200 E. Basse, Suite 300 San Antonio, TX 78209 Casey Calaveras LLC 26-90172 Casey Pearce LLC 26-90173 Casey UB GP, LLC 26-90174 Casey UB Partnership, Ltd. 26-90175 Casey UB Property Owner, Ltd. 26-90176 Casey Ventures, Inc. 26-90177 DCI Developers LLC 26-90178 "One Hailey Casey Limited" 26-90179 River Mill NB, LLC 26-90180 Stone Oak Retail GP, LLC 26-90181 Stone Oak Retail Partners, Ltd. 26-90182 Westpointe Retail Center, L.L.C. 26-90183 Tacara at Dove Creek GP, LLC 26-90184 TADC Partnership, Ltd., 26-90185 TADC Property Owner, Ltd. 26-90186 TAGS Partnership GP, LLC 26-90187 TAGS Partnership, Ltd. 26-90188 TAGS Property Owner, Ltd. 26-90189 Business Description: The Debtors are a Texas-based real estate group engaged in the ownership, development, and management of residential, commercial, and mixed-use properties, including Class A multifamily apartment complexes in Pflugerville, San Antonio, and New Braunfels, as well as retail shopping centers and undeveloped land parcels for future projects, supported by construction and project funding operations. Their portfolio encompasses both operational properties and land held at the permit or development stage across multiple Texas locations. Chapter 11 Petition Date: February 6, 2026 Court: United States Bankruptcy Court Northern District of Texas Judge: Hon. Edward L Morris Debtors' General Bankruptcy Counsel: Davor Rukavina, Esq. Garrick C. Smith, Esq. Jonathan S. Petree, Esq. MUNSCH HARDT KOPF & HARR, P.C. 500 N. Akard Street, Suite 4000 Dallas, Texas 75201-6659 Phone: (214) 855-7500 E-mail: drukavina@munsch.com gsmith@munsch.com jpetree@munsch.com Baxter Southwest's Estimated Assets: $500,000 to $1 million Baxter Southwest's Estimated Liabilities: $100,000 to $500,000 Casey Calaveras LLC's Estimated Assets: $1 million to $10 million Casey Calaveras LLC's Estimated Liabilities: $1 million to $10 million Casey Pearce LLC's Estimated Assets: $1 million to $10 million Casey Pearce LLC's Estimated Liabilities: $1 million to $10 million TAGS Property Owner, Ltd.'s Estimated Assets: $50 million to $100 million TAGS Property Owner, Ltd.'s Estimated Liabilities: $10 million to $50 million The petitions were signed by Darren B. Casey as president and manager. Full-text copies of five of the Debtors' petitions are available for free on PacerMonitor at: https://www.pacermonitor.com/view/YGQQHKQ/Baxter_Southwest_Corporate_Realty__txnbke-26-90171__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/YBRKH6I/Casey_Calaveras_LLC__txnbke-26-90172__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/YM3FGRI/Casey_Pearce_LLC__txnbke-26-90173__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/OJCTN6I/Casey_UB_GP_LLC__txnbke-26-90174__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/OXMEI3I/Casey_UB_Partnership_Ltd__txnbke-26-90175__0001.0.pdf?mcid=tGE4TAMA Full-text copies of some of the Debtors' lists of their largest unsecured creditors are available for free on PacerMonitor at: https://www.pacermonitor.com/view/QWG3GHQ/Baxter_Southwest_Corporate_Realty__txnbke-26-90171__0006.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/QT6YILY/Casey_Calaveras_LLC__txnbke-26-90172__0005.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/Q4I7IFY/Casey_Pearce_LLC__txnbke-26-90173__0005.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/Q32NCXQ/Casey_UB_GP_LLC__txnbke-26-90174__0005.0.pdf?mcid=tGE4TAMA TAGS Property Owner, Ltd. identified Golden Steves & Gorden LLP, based in San Antonio, Texas, at 200 E Basse Rd., Suite 200, as its sole unsecured creditor, reporting a claim of $1,050 for professional services rendered. The Debtors request joint administration of their chapter 11 cases under the lead case of TAWR Property Owner, Ltd. (Case No. 26-90162). TAYLOR CHIP: Closes Philly Stores Abruptly Prior to Chap. 11 Filing ------------------------------------------------------------------- Michael Kline of The Philadelphia Inquirer reports that Lancaster County dessert brand Taylor Chip has shuttered its Philadelphia stores without notice prior Chapter 11 bankruptcy filing. The closures end a brief and highly promoted expansion into Center City and Fishtown that began in late 2024. In a statement, the company attributed the move to mounting debt tied to construction and permitting delays. Leases signed in 2022 were expected to result in openings within months, but the process dragged on for nearly two years, inflating costs. Despite solid customer turnout, the Philadelphia shops could not generate enough profit to offset the accumulated obligations. A Lancaster store has also closed, narrowing the company’s footprint to four Central Pennsylvania locations and online sales. Taylor Chip was founded in 2018 by Doug and Sara Taylor and gained attention for its large-format cookies and extensive flavor lineup, often featuring 24 to 30 varieties at a time. Its Rittenhouse and Fishtown launches were marked by aggressive social media promotion and unconventional street marketing, including flier campaigns that drew mixed reactions from residents, according to report. Even as retail locations struggled, the company invested heavily in digital commerce, particularly TikTok livestreaming. Doug Taylor said late last 2025 that a few hours of live selling could match a full day's store revenue. Earlier plans for a new production facility in Lancaster County were shelved, though the company has secured state grants to support dairy processing and ice cream production, the report states. About Taylor Chip, LLC Taylor Chip, LLC, based in Lancaster, Pennsylvania, operates a bakery and dessert business specializing in cookies, cookie cakes, cookie dough, and related products, serving customers through its retail storefront and online sales. Founded in 2018, the company maintains multiple locations in Pennsylvania and offers nationwide shipping of its products. Its operations focus on food production and retail within the baked goods industry. Taylor Chip, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No.26-10550) on February 12, 2026. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Patricia M. Mayer handles the case. The Debtor is represented by Albert A. Ciardi, III, Esq. of CIARDI CIARDI & ASTIN. TBN MURRAY FAM: Case Summary & 14 Unsecured Creditors ----------------------------------------------------- Debtor: TBN Murray Fam LLC Two Men and A Truck 7935 Wright Rd Houston, TX 77041 Business Description: TBN Murray Fam LLC, doing business as Two Men and A Truck, provides residential and commercial moving services including local, statewide, and interstate relocation, packing and unpacking, and specialty item handling in Houston, Texas. The company operates as a locally owned moving franchise offering full-service moving solutions, specialized transport services, and packing supplies for household and business customers in the Houston metropolitan area. Chapter 11 Petition Date: February 6, 2026 Court: United States Bankruptcy Court Southern District of Texas Case No.: 26-30845 Judge: Hon. Jeffrey P Norman Debtor's Counsel: Robert C Lane, Esq. THE LANE LAW FIRM 6200 Savoy Dr. Ste 1150 Houston TX 77036-3369 Tel: (713) 595-8200 E-mail: notifications@lanelaw.com Total Assets: $151,005 Total Debts: $1,174,485 The petition was signed by Thomas Murray as managing member. A full-text copy of the petition, which includes a list of the Debtor's 14 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/KYLLQGQ/TBN_Murray_Fam_LLC__txsbke-26-30845__0001.0.pdf?mcid=tGE4TAMA TERRA DOLCI: Unsecured Creditors to Split $20K in Plan ------------------------------------------------------ Terra Dolci, LLC submitted an Amended Plan of Reorganization dated February 6, 2026. 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 Plan Proponent has provided projected financial information 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 60 months from the Effective Date. The Debtor reserves the right to amend this Plan to the extent necessary. This Plan proposes to pay Allowed Claims no less than the value of Terra's Projected Net Disposable Income for a period of 60 months. The Plan provides for 4 Classes of creditor claims (including priority, secured, and unsecured) and one Class of Equity interests. Class 1 consists of Allowed Priority Claims. Allowed Priority Claims shall receive monthly installment payments and be paid in full within sixty months from the Effective Date or payment in full on the Effective Date. Upon information and belief, Claim number 8 of the Miami Dade County Tax Collector ("Claim 8") and Claim number 23 of the Florida Department of Revenues ("Claim 23") are, respectively, entitled to priority status and will be paid in full on the Effective Date. Claim 8 will be paid in full on the Effective Date. The priority portion of Claim 23 will be satisfied full in equal monthly installments over the life of the Plan at an amortization rate of 7% per year over 60 months. Class 1 is Unimpaired and not entitled to vote. Class 2 consists of Allowed Claim of Newtek Bank. Newtek has a first priority perfected blanket lien on substantially all of the assets of the Debtor pursuant to a filed UCC-1 financing statement. Newtek's proof of claim asserts a secured claim valued at $500,000 and the balance as unsecured pursuant to Section 506(a) of the Bankruptcy Code. As such, as of the Effective Date, Newtek's Secured Claim will be allowed in the amount of $500,000.00, with interest only payments for the first 12 months at 7% per year (monthly payments of $2,917), and then fully amortized for 48 months at 7% interest per annum (monthly payments of $11,973.12). The unsecured balance of Newtek's claim ($1,253,644.03) will be included in Class 3. Class 2 is impaired and entitled to vote. Class 3 consists of Allowed General Unsecured Claims. Commencing on the first anniversary of the Effective Date and every anniversary of the Effective Date through the term of the Plan, the Reorganized Debtor will make a pro rata distribution to Class 3 in the amount of $5,000.00 (for a total payout to Class 3 of $20,000.00). Class 3 is Impaired and entitled to vote. The Plan proposes to pay Allowed Claims to be paid under the Plan from Projected Net Disposable Income and any net recoveries from Retained Causes of Action. During the term of the Plan, the Debtor will have insufficient revenue to make payments required under the Plan. Accordingly, the Plan presumes that: (a) Adrienne Calvo will reduce her income by 38.5%. In addition, during the first 12 months of the Plan, Ms. Calvo will be required to lend the Reorganized Debtor approximately $130,000. Ms. Calvo has committed to the foregoing in order to satisfy the Plan obligations. A full-text copy of the Amended Plan dated February 6, 2026 is available at https://urlcurt.com/u?l=L6kAh7 from PacerMonitor.com at no charge. Counsel to the Debtor: Jacqueline Calderin, Esq. Agentis PLLC 45 Almeria Avenue Coral Gables, FL 33134 Tel: (305) 722-2002 About Terra Dolci LLC Terra Dolci LLC, operating as Chef Adrianne's Vineyard Restaurant and Bar in Miami, offers Napa Valley-inspired fine dining with a focus on bold flavors. The menu features family-style beef short ribs slow-braised for 24 hours, a signature French onion soup rich with caramelized onions and melted cheese, indulgent white and dark chocolate bread puddings, and oversized cinnamon rolls. It is managed by chef and restaurateur Adrianne Calvo. Terra Dolci LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-16293) on June 2, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. Bankruptcy Judge Laurel M. Isicoff handles the case. The Debtors are represented by Robert Charbonneau, Esq. at AGENTIS PLLC. THRIVE COMMERCE: Holly Miller Named Subchapter V Trustee -------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Holly Miller, Esq., at Gellert Scali Busenkell & Brown, LLC as Subchapter V trustee for Thrive Commerce LLC. Ms. Miller 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. Miller declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Holly S. Miller, Esq. Gellert Scali Busenkell & Brown, LLC 1628 John F. Kennedy Boulevard, Suite 1901 Philadelphia, PA 19103 Telephone: (215) 238-0012 Facsimile: (215) 238-0016 Email: hsmiller@gsbblaw.com About Thrive Commerce LLC Thrive Commerce, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 26-10482) on February 6, 2026, with $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. Judge Ashely M. Chan presides over the case. Dimitri L. Karapelou, Esq., at Musi, Merkins, Daubenberger & Clark, LLP represents the Debtor as legal counsel. TRI COUNTY IL: Seeks Chapter 7 Bankruptcy in Illinois ----------------------------------------------------- On February 4, 2026, Tri County IL, Inc. filed for Chapter 7 protection in the Northern District of Illinois. According to court filings, the Debtor reports liabilities of $100,001–$1,000,000 owed to 1–49 creditors. About Tri County IL, Inc. Tri County IL, Inc. is a Rockford‑based specialty contracting firm offering non‑standard construction and repair services. Tri County IL, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-80171) on February 4, 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 Thomas M. Lynch handles the case. The Debtor is represented by George P. Hampilos, Esq. of Hampilos & Associates, Ltd. TRIMONT ENERGY GIB: Gets Extension to Access Cash Collateral ------------------------------------------------------------ Trimont Energy (GIB), LLC received 23rd interim approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to continue to use cash collateral. The court's 23rd interim order approved the use of cash collateral for the period from Oct. 25, 2023, through the date which is five business days following a declaration to terminate, reduce or restrict the ability to use cash collateral by the Debtor. Certain entities may possess oil and gas liens under the Louisiana Oil Well Lien Act (LOWLA) on oil and gas assets owned by the Debtor. As protection against any diminution in value of their interests in the pre-bankruptcy collateral, the LOWLA lienholders will be granted valid and perfected security interests in, and liens on, the Debtor's assets. These liens do not apply to any Chapter 5 causes of action and the proceeds, thereof. To the extent the liens granted prove to be inadequate, the LOWLA lienholders will receive superpriority administrative expense claims, subject to a fee carveout. The termination events under the 23rd interim order include the filing by the Debtor of documents pertaining to a debtor-in-possession financing that adversely effects the LOWLA lienholders' liens; a default by the Debtor in reporting financial information; dismissal or conversion of the Debtor's Chapter 11 case; the appointment of a Chapter 11 trustee or examiner with enlarged powers; or other responsible person; and the failure by the Debtor to perform its obligations under the 21st interim order. The next hearing is set for March 4. The 23rd interim order is available at https://shorturl.at/P6gsN from PacerMonitor.com. About Trimont Energy (GIB) Trimont Energy (GIB), LLC is a Houston-based company, which operates in the oil and gas extraction industry. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. La. Case No. 23-11869) on Oct. 25, 2023, with $1 million to $10 million in both assets and liabilities. Christopher O. Ryals, chief restructuring officer, signed the petition. Judge Meredith S. Grabill oversees the case. Douglas S. Draper, Esq., at Heller, Draper & Horn, LLC represents the Debtor as legal counsel. TRIMONT ENERGY LIMITED: Gets Extension to Access Cash Collateral ---------------------------------------------------------------- Trimont Energy Limited, Inc. received 23rd interim approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to use cash collateral. The court's 23rd interim order approved the use of cash collateral for the period from Oct. 25, 2023, through the date which is five business days following a declaration to terminate, reduce or restrict the ability to use cash collateral by the Debtor. Certain entities may possess oil and gas liens under the Louisiana Oil Well Lien Act (LOWLA) on oil and gas assets owned by the Debtor. As adequate protection against any diminution in value of their interests in the pre-bankruptcy collateral, the LOWLA lienholders will be granted valid and perfected security interests in, and liens on, the Debtor's assets. These liens do not apply to any Chapter 5 causes of action and the proceeds, thereof. To the extent the liens granted prove to be inadequate, the LOWLA lienholders will receive superpriority administrative expense claims, subject to a carveout. The termination events under the 23rd interim order include the filing by the Debtor of documents pertaining to a debtor-in-possession financing that adversely effects the LOWLA lienholders' liens; a default by the Debtor in reporting financial information; dismissal or conversion of the Debtor's Chapter 11 case; the appointment of a Chapter 11 trustee or examiner with enlarged powers; or other responsible person; and the failure by the Debtor to perform its obligations under the 21st interim order. The next hearing is set for March 4. The 23rd interim order is available at https://shorturl.at/iJ3IL from PacerMonitor.com. About Trimont Energy Limited Inc. Trimont Energy Limited, Inc., a company in Houston, Texas, filed its voluntary petition for Chapter 11 protection (Bankr. E.D. La. Case No. 23-11872) on October 25, 2023, listing between $1 million and $50 million in both assets and liabilities. Christopher O. Ryals, chief restructuring officer, signed the petition. Judge Meredith S. Grabill oversees the case. The Debtor is represented by: Douglas S. Draper, Esq. Heller, Draper & Horn L.L.C. Tel: 504-299-3300 Email: ddraper@hellerdraper.com TRIMONT ENERGY NOW: Gets Extension to Access Cash Collateral ------------------------------------------------------------ Trimont Energy (NOW), LLC received another extension from the U.S. Bankruptcy Court for the Eastern District of Louisiana to use cash collateral. The court's 23rd interim order approved the use of cash collateral for the period from Oct. 25, 2023, through the date which is five business days following a declaration to terminate, reduce or restrict the ability to use cash collateral by the Debtor. Certain entities may possess oil and gas liens under the Louisiana Oil Well Lien Act (LOWLA) on oil and gas assets owned by the Debtor. As protection against any diminution in value of their interests in the pre-bankruptcy collateral, the LOWLA lienholders will be granted valid and perfected security interests in, and liens on, the Debtor's assets. These liens do not apply to any Chapter 5 causes of action and the proceeds, thereof. To the extent the liens granted prove to be inadequate, the LOWLA lienholders will receive allowed superpriority administrative expense claims, subject to a fee carveout. The termination events under the 23th interim order include the filing by the Debtor of documents pertaining to a debtor-in-possession financing that adversely effects the LOWLA lienholders' liens; a default by the Debtor in reporting financial information; dismissal or conversion of the Debtor's Chapter 11 case; the appointment of a Chapter 11 trustee or examiner with enlarged powers; or other responsible person; and the failure by the Debtor to perform its obligations under the 21th interim order. The next hearing is set for March 4. The 23rd interim order is available at https://shorturl.at/4bcHx from PacerMonitor.com. About Trimont Energy (Now) Trimont Energy (NOW) LLC, a company in Houston, Texas, filed its voluntary petition for Chapter 11 protection (Bankr. E.D. La. Case No. 23-11868) on October 25, 2023, listing $1 million to $10 million in both assets and liabilities. Christopher O. Ryals, chief restructuring officer, signed the petition. Judge Meredith S. Grabill oversees the case. The Debtor tapped Heller, Draper, & Horn, LLC as legal counsel; Chaffe & Associates, Inc. as financial advisor; and Christopher O. Ryals of RCO Capital, LLC as chief operating officer. TWIN BROS PAVING: Seeks Chapter 7 Bankruptcy in Illinois -------------------------------------------------------- On February 10, 2026, Twin Bros Paving and Concrete LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of Illinois. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 1 and 49 creditors. About Twin Bros Paving and Concrete LLC Twin Bros Paving and Concrete LLC is a construction company specializing in paving, concrete work, and related infrastructure services. Twin Bros Paving and Concrete LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-02384) on February 10, 2026. In its petition, the Debtor reports estimated assets of $100,001 to $1,000,000 and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Janet S. Baer handles the case. The Debtor is represented by David Freydin, Esq. of Law Offices of David Freydin Ltd. UNITED RENTALS: Moody's Affirms 'Ba1' CFR, Outlook Remains Stable ----------------------------------------------------------------- Moody's Ratings affirmed United Rentals (North America), Inc.'s (URNA) Ba1 corporate family rating, Ba1-PD probability of default rating, Baa3 backed senior secured first lien rating, Ba1 backed senior secured second lien rating and Ba2 backed senior unsecured rating. The outlook remains stable. URNA's speculative grade liquidity rating remains unchanged at SGL-1. The affirmation reflects Moody's expectations that URNA will continue to maintain very good liquidity and strong credit metrics including low debt/EBITDA and high interest coverage. The affirmation also reflects consistently robust EBITDA margins which are industry leading. RATINGS RATIONALE URNA's Ba1 CFR reflects the company's considerable scale from its position as the world's largest equipment rental company. The rating also reflects the company's broad array of equipment offerings, solid end market and customer diversification, low financial leverage and consistent profit margin. Moody's expects the company will continue to operate with low debt/EBITDA, generate strong EBITDA margin while free cash flow will benefit from the sale of used rental equipment. At the same time, the credit profile is constrained by the company's exposure to highly cyclical end markets that could lead to significant fluctuations in demand. Moody's expects URNA will remain acquisitive to grow its scale and expand its product offerings. The company's financial strategy entails operating with low leverage while returning capital to shareholders through dividends and its ongoing share buyback program. The stable outlook reflects Moody's views that URNA will have low to mid-single digit revenue growth supported by its healthy end markets. It also reflects Moody's expectations for EBITDA margin to remain strong which will allow debt/EBITDA to remain low at approximately 2.0x. The SGL-1 speculative grade liquidity rating reflects URNA's very good liquidity. Liquidity is supported by about $2.8 billion of availability under a $4.5 billion unrated ABL facility that matures in 2030. URNA also has cash of $459 million at year-end 2025 and Moody's expects free cash flow of over $1.5 billion in 2026 after accounting for approximately $500 million of dividends. Additionally, free cash flow includes the proceeds from equipment sales. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if URNA attains a capital structure that allows for maximum financial flexibility. In addition, debt/EBITDA would be expected to be sustained around 2.0x and FFO-to-debt maintained around 40%. Moody's would also expect the company to maintain strong liquidity to manage through industry cycles. The ratings could be downgraded if debt/EBITDA approaches 3.0x, FFO-to-debt declines below 25%, or if liquidity weakens. In addition, the ratings could be downgraded if there is a loss of market share during an expanding market, if the company chooses not to reduce leverage promptly following debt funded acquisitions or liquidity weakens. The principal methodology used in these ratings was Equipment and Transportation Rental published in October 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. United Rentals (North America), Inc., headquartered in Stamford, CT, is the largest North American equipment rental company with a rental fleet of approximately one million units. The company's rental equipment is valued at approximately $22.5 billion (at original equipment cost). The company operates through 1,768 rental locations primarily in North America and a smaller presence in Europe, Australia and New Zealand. The company has two reportable segments: General Rentals and Specialty. Revenue in 2025 was approximately $16.1 billion. VANDERBILT MINERALS: Seeks to Sell Mineral Distribution at Auction ------------------------------------------------------------------ Vanderbilt Minerals, LLC, seeks permission from the U.S. Bankruptcy Court for the Northern District of New York to sell substantially all Assets at auction, free and clear of liens, claims, interests, and encumbrances. The Debtor is a global supplier of mineral products, operating mines and processing facilities in six different states. The Debtor mines bentonite clay, kaolin clay, pyrophyllite and wollastonite and processes and sells products used in industrial applications (e.g., construction coatings, ceramics and refractories) and life sciences (e.g., pharmaceuticals, personal care, animal care, agriculture and horticulture). Prior to 2008, a predecessor in interest to the Debtor mined and sold talc for use in industrial applications, which is the source of the litigation and judgments that have led to the commencement of the Chapter 11 Case. The Debtor is prepared to execute the final phase of its Sale Process, which will include an expedited postpetition marketing campaign, consistent with the terms of the Bidding Procedures. The Debtor and the DIP Lender have negotiated and agreed to, among others, the following milestones established under the DIP Agreement, which tie the availability of funding to progress in the Sale Process. -- Deadline for Debtor to file and serve Sale Notice: Three business days after the entry of the Bidding Procedures Order -- Deadline for Debtor to file and serve Assumption and Assignment Notice: Three business days after the entry of the Bidding Procedures Order -- Bid Deadline March 26, 2026, at 4:00 p.m. (prevailing Eastern Time) -- Sale Objection Deadline March 27, 2026, at 4:00 p.m. (prevailing Eastern Time) -- Cure Objection Deadline for All Potentially Assumed Contracts March 27, 2026, at 4:00 p.m. (prevailing Eastern Time) -- Auction Notice Deadline March 27, 2026, at 4:00 p.m. (prevailing Eastern Time) -- Auction April 2, 2026, at 10:00 a.m. (prevailing Eastern Time) at the offices of Jones Day, 250 Vesey Street, New York, New York 10281 -- Sale Hearing April 7, 2026, subject to the availability of the Court -- Deadline to obtain entry of the Sale Order April 7, 2026 -- Deadline to consummate approved Sale Transaction(s) April 17, 2026. On February 16, 2026, the Debtor entered into the Stalking Horse Agreement with the Stalking Horse Bidder for the sale of substantially all of the Debtor's assets (Stalking Horse Agreement). he Stalking Horse Agreement is the product of extensive, arm's-length negotiations, which all parties conducted in good faith. The Stalking Horse Agreement confers several substantial benefits on the Debtor's estate, and the Debtor believes it provides an excellent baseline to what it believes will be a competitive auction process. The Stalking Horse Bidder seeks to purchase substantially all of the Debtor's assets, for an aggregate purchase price of approximately $50,000,000. In addition, the Stalking Horse Agreement requires the assumption of the Debtor's collective bargaining agreements. The Stalking Horse Agreement provides for the payment of (a) an expense reimbursement, in an amount not to exceed $1,000,000, equal to the reasonable and documented costs, fees and expenses incurred by the Stalking Horse Bidder in connection with the Stalking Horse Agreement and any proposed Sale, and (b) a "break-up" fee in an amount equal to $2,000,000, in the event the Debtor consummates an Alternative Transaction. Together, the maximum Expense Reimbursement and the Break-Up Fee would equate to 6.0% of the Stalking Horse Purchase Price. The Debtor is determined that the bidding Procedures are designed to promote a competitive and expedient Sale Process. If approved, the Bidding Procedures will allow the Debtor to solicit and identify bids from potential buyers that constitute the highest or otherwise best offer for the Stalking Horse Assets on a schedule consistent with the Milestones. The Debtor asserts that the designation of, and provision of bidding protections to, the Stalking Horse Bidder is reasonable and appropriate here because the Debtor has determined, in its reasonable business judgment, that the Stalking Horse Agreement will maximize the ultimate sale price for the applicable Stalking Horse Assets and would not have a chilling effect on competitive bidding. About Vanderbilt Minerals LLC Vanderbilt Minerals, LLC supplies mineral and chemical products. The Company offers ceramics, clay binders, mineral fillers, floor finishes, paints, concrete, and lubricants. Vanderbilt Minerals serves rubber, plastics, petroleum, paper, pharmaceutical, agricultural, ceramics, adhesives, wire and cable, and cosmetics industries worldwide. Vanderbilt Minerals sought sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-60110 (WAK)) on February 16, 2026) Charles J. Sullivan at Bond, Schoeneck & King, PLLC represents the Debtor as legal counsel. VENETIAN NAIL: Gets Final Court Nod to Use Cash Collateral ---------------------------------------------------------- Venetian Nail Spa MMP, LLC received final approval from the U.S. Bankruptcy Court for the Southern District of Florida to use cash collateral. The Debtor is authorized to use cash collateral subject to a monthly budget, with flexibility allowing up to a 10% variance per line item and cumulatively per month, as well as any additional amounts approved in writing by the secured creditor or by further court order. The approved budget term runs from January 1 through March 24, with the possibility of extension by agreement of the Debtor, the secured creditor SBA (Cadence Bank), and the Subchapter V trustee, subject to notice and objection procedures. As adequate protection, the secured creditor, SBA (Cadence Bank), will be granted replacement liens on all post-petition property acquired or generated by the Debtor. These replacement liens mirror the extent, priority, and nature of the creditor's pre-bankruptcy liens but are junior to allowed fees and costs of the Subchapter V trustee and court-approved professionals, including Debtor's counsel. The court retains jurisdiction to enforce the terms of the final order, which remains in full force and effect unless modified or vacated by a subsequent court order. The final order is available at https://is.gd/LxAAwv from PacerMonitor.com. About Venetian Nail Spa MMP LLC Venetian Nail Spa MMP, LLC is a nail salon operating in Miami, Florida. It offers nail care services including manicures, pedicures, and related spa treatments to customers in the Miami area. Venetian sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-19379) on August 13, 2025. In its petition, the Debtor reported assets of up to $50,000 and liabilities of between $500,000 and $1 million. Honorable Bankruptcy Judge Laurel M. Isicoff handles the case. The Debtor is represented by Aubrey Rudd, Esq., at Aubrey Rudd Law. VENETIAN NAIL: Unsecureds to Split $30K over 60 Months ------------------------------------------------------ Venetian Nail Spa MMP, LLC, submitted a Second Amended Plan of Reorganization dated February 6, 2026. Since entering the Chapter 11, the Debtor has continued operations with the goal of stabilizing sales, reducing expenses, and positioning the business for long-term viability. The Debtor has provided projected financial information which shows 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 60 months from the effective date. The Debtor reserves the right to amend this plan to the extent necessary. This Plan proposes to pay Allowed Claims no less than the value of Projected Net Disposable Income for a period of 60 months. The Plan provides for 4 Classes of creditor claims (including priority, secured, and unsecured) and one Class of Equity interests. Class 3 consists of Allowed General Unsecured Claims. Allowed Class 3 Claims will receive pro rata payments of $500 per month starting on the Effective Date for a total payout to Class 3 creditors in the amount of $30,000.00. Class 3 is Impaired and entitled to vote. Class 4 consists of Equity Interests in the Debtor. Class 4 consists of Equity Interests of Harry Nguyen and Toi Nguyen. On the Effective Date, the Equity Interests will be retained in the same amounts and character as they were held prior to the Petition. Class 4 is deemed to accept and not entitled to vote. Under Section 1191(a) of the Bankruptcy Code and pursuant to Section 1186 of the Bankruptcy Code all property of the Debtor not otherwise disposed of under the Plan, shall vest with the Reorganized Debtor on the effective date. 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 60 months. A full-text copy of the Second Amended Plan dated February 6, 2026 is available at https://urlcurt.com/u?l=4a7sje from PacerMonitor.com at no charge. Counsel to the Debtor: Aubrey Rudd, Esq. Aubrey Rudd Law 100 Edgewater Drive, Suite 312 Miami, FL 33133 Tel: (305) 310-3871 Email: aubreyruddlaw@gmail.com About Venetian Nail Spa MMP, LLC Venetian Nail Spa MMP, LLC is a nail salon operating in Miami, Florida. It offers nail care services including manicures, pedicures, and related spa treatments to customers in the Miami area. Venetian sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-19379) on August 13, 2025. In its petition, the Debtor reported estimated assets up to $50,000 and estimated liabilities between $500,000 and $1 million. Honorable Bankruptcy Judge Laurel M. Isicoff handles the case. The Debtor is represented by Aubrey Rudd, Esq. WHITNEY OIL & GAS: Gets Extension to Access Cash Collateral ----------------------------------------------------------- Whitney Oil & Gas, LLC received another extension from the U.S. Bankruptcy Court for the Eastern District of Louisiana to use cash collateral. The court's 23rd interim order authorized the use of cash collateral for the period from Oct. 26, 2023, through the date which is five business days following a declaration to terminate, reduce or restrict the ability to use cash collateral by the Debtor. Certain entities may possess oil and gas liens under the Louisiana Oil Well Lien Act (LOWLA) on oil and gas assets owned by the Debtor. As protection for any diminution in value of their interests in the pre-bankruptcy collateral, the LOWLA lienholders will be granted valid and perfected security interests in, and liens on, the Debtor's assets, subject to a fee carveout. These liens do not apply to any Chapter 5 causes of action and the proceeds, thereof. To the extent the liens granted prove to be inadequate, the LOWLA lienholders will receive a superpriority administrative expense claims, junior to the fee carveout. The termination events under the 23rd interim order include the filing by the Debtor of documents pertaining to a debtor-in-possession financing that adversely effects the LOWLA lienholders' liens; a default by the Debtor in reporting financial information; dismissal or conversion of the Debtor's Chapter 11 case; the appointment of a Chapter 11 trustee or examiner with enlarged powers; or other responsible person; and the failure by the Debtor to perform its obligations under the 21st interim order. The next hearing is set for March 4. The 21st interim order is available at https://shorturl.at/pF7Jd from PacerMonitor.com. About Whitney Oil & Gas Whitney Oil & Gas, LLC operates in the oil and gas extraction industry. The company is based in Houston, Texas. Whitney Oil & Gas filed Chapter 11 petition (Bankr. E.D. La. Case No. 23-11873) on Oct. 26, 2023, with $1 million to $10 million in both assets and liabilities. Judge Meredith S. Grabill oversees the case. Douglas S. Draper, Esq., at Heller, Draper & Horn, LLC is the Debtor's legal counsel. [] Fitch Affirms Ratings of Six North American Midstream Companies ------------------------------------------------------------------ Fitch Ratings has affirmed the ratings of six North American midstream companies and their subsidiaries: 1. Harvest Midstream I, L.P. 2. Howard Midstream Energy Partners, LLC 3. Kinetik Holdings LP 4. M6 ETX Holdings II MidCo LLC 5. Summit Midstream Corporation, Summit Midstream Holdings, LLC, and Summit Midstream Finance Corp. 6. Antero Midstream Partners LP and Antero Midstream Corporation These actions follow Fitch's updates to its "Corporate Rating Criteria" and the "Sector Navigators Addendum to the Corporate Rating Criteria" on Jan. 9, 2026. The criteria changes do not affect the companies' ratings and Outlooks. Corporate Rating Tool Inputs and Scores Harvest Midstream I, L.P. Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): - Business and financial profile factors (assessment, relative importance): Management (bb-, Moderate), Sector Characteristics (bb-, Moderate), Market and Competitive Positioning (bb-, Moderate), Diversification and Asset Quality (bb+, Moderate), Company Operational Characteristics (bb-, Higher), Profitability (bb-, Higher), Financial Structure (bb+, Moderate), and Financial Flexibility (bb, Lower). - The quantitative financial subfactors are based on standard CRT financial period parameters: 20% weight for the latest historical year 2024, 40% for the forecast year 2025 and 40% for the forecast year 2026. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'aa-' results in no adjustment. - The SCP is 'bb-'. To derive the IDR: - No adjustments were made to the SCP, resulting in an IDR of 'BB-'. Howard Midstream Energy Partners, LLC Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): - Business and financial profile factors (assessment, relative importance): Management (bb-, Moderate), Sector Characteristics (bb-, Moderate), Market & Competitive Positioning (bb-, Higher), Diversification and Asset Quality (bb+, Moderate), Company Operational Characteristics (bb-, Moderate), Profitability (bb-, Higher), Financial Structure (bb+, Moderate), and Financial Flexibility (bb+, Lower). - The quantitative financial subfactors are based on standard CRT financial period parameters: 20% weight for the latest historical year 2024, 40% for the forecast year 2025 and 40% for the forecast year 2026. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'aa-' results in no adjustment. - The SCP is 'bb-'. To derive the IDR: - No adjustments were made to the SCP, resulting in an IDR of 'BB-'. Kinetik Holdings LP Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): - Business and financial profile factors (assessment, relative importance): Management (bbb, Lower), Sector Characteristics (bb+, Higher), Market and Competitive Positioning (bb+, Moderate), Diversification and Asset Quality (bb, Moderate), Company Operational Characteristics (bb+, Higher), Profitability (bb, Moderate), Financial Structure (bbb-, Higher), and Financial Flexibility (bbb-, Moderate). - The quantitative financial subfactors are based on standard CRT financial period parameters: 20% weight for the latest historical year 2024, 40% for the forecast year 2025 and 40% for the forecast year 2026. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'aa-' results in no adjustment. - The SCP is 'bb+'. To derive the IDR: - Application of Fitch's Parent Subsidiary Linkage Considerations Rating Criteria results in a consolidated approach. M6 ETX Holdings II MidCo LLC Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): - Business and financial profile factors (assessment, relative importance): Management (bb+, Moderate), Sector Characteristics (b, Moderate), Market and Competitive Positioning (b+, Higher), Diversification and Asset Quality (b, Higher), Company Operational Characteristics (bb, Moderate), Profitability (bb, Lower), Financial Structure (bbb, Moderate), and Financial Flexibility (bb+, Moderate). - The quantitative financial subfactors are based on standard CRT financial period parameters: 20% weight for the latest historical year 2024, 40% for the forecast year 2025 and 40% for the forecast year 2026. - B+ to CC considerations apply in its analysis and result in no adjustment. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'aa-' results in no adjustment. - The SCP is 'b+'. To derive the IDR: - No adjustments were made to the SCP, resulting in an IDR of 'B+'. Summit Midstream Corporation, Summit Midstream Holdings, LLC, Summit Midstream Finance Corp. Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): - Business and financial profile factors (assessment, relative importance): Management (bb-, Moderate), Sector Characteristics (b-, Moderate), Market and Competitive Positioning (b-, Moderate), Diversification and Asset Quality (ccc+, Higher), Company Operational Characteristics (b-, Higher), Profitability (b+, Moderate), Financial Structure (bb+, Moderate), and Financial Flexibility (bb-, Moderate). - The quantitative financial subfactors are based on custom CRT financial period parameters: 50% weight for the historical year 2024, 25% for the forecast year 2025 and 25% for the forecast year 2026. - B+ to CC considerations apply in its analysis and result in no adjustment. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'aa-' results in no adjustment. - The SCP is 'b-'. To derive the IDR: - Application of Fitch's Parent Subsidiary Linkage Considerations Rating Criteria results in an consolidated approach. Antero Midstream Partners LP, Antero Midstream Corporation Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): - Business and financial profile factors (assessment, relative importance): Management (bbb-, Moderate), Sector Characteristics (bb+, Moderate), Market and Competitive Positioning (bbb-, Moderate), Diversification and Asset Quality (b+, Moderate), Company Operational Characteristics (bb, Higher), Profitability (bbb-, Lower), Financial Structure (a-, Higher), and Financial Flexibility (a-, Moderate). - The quantitative financial subfactors are based on standard CRT financial period parameters: 20% weight for the latest historical year 2024, 40% for the forecast year 2025 and 40% for the forecast year 2026. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'aa-' results in no adjustment. - The SCP is 'bbb-'. To derive the IDR: - No adjustments were made to the SCP, resulting in an IDR of 'BBB-'. RATING ACTIONS Entity/Debt Rating Recovery Prior ----------- ------ -------- ----- Antero Midstream Corporation LT IDR BBB- Affirmed BBB- Summit Midstream Finance Corp. sr secured 2nd lien LT B+ Affirmed RR2 B+ Summit Midstream Corporation LT IDR B- Affirmed B- Antero Midstream Partners LP LT IDR BBB- Affirmed BBB- senior unsecured LT BBB- Affirmed BBB- Summit Midstream Holdings, LLC LT IDR B- Affirmed B- sr secured 2nd lien LT B+ Affirmed RR2 B+ Howard Midstream Energy Partners, LLC LT IDR BB- Affirmed BB- senior unsecured LT BB- Affirmed RR4 BB- Kinetik Holdings LP LT IDR BB+ Affirmed BB+ senior unsecured LT BB+ Affirmed RR4 BB+ M6 ETX Holdings II MidCo LLC LT IDR B+ Affirmed B+ senior secured LT BB Affirmed RR2 BB Harvest Midstream I, LP LT IDR BB- Affirmed BB- senior unsecured LT BB- Affirmed RR4 BB- [] Fitch Affirms Ratings on 4 NA Oil & Gas Production Companies --------------------------------------------------------------- Fitch Ratings has affirmed four North American oil and gas production companies and five North American oil field service companies and their related subsidiaries: 1. W&T Offshore, Inc. 2. Valaris Limited 3. Noble Corporation LLC 4. Helix Energy Solutions Group, Inc. 5. Kraken Oil & Gas Partners LLC 6. Wildfire Energy I LLC 7. Caturus Energy, LLC 8. Superior Energy Services, Inc. 9. LandBridge Company, LLC These actions follow the update of Fitch's "Corporate Rating Criteria" and the "Sector Navigators Addendum to the Corporate Rating Criteria" on Jan. 9, 2026. The companies' ratings and Rating Outlooks are unaffected by the criteria changes. Corporate Rating Tool Inputs and Scores W&T Offshore, Inc. Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): - Business and financial profile factors (assessment, relative importance): Management (bb, Lower), Sector Characteristics (b, Moderate), Market and Competitive Positioning (b-, Higher), Diversification and Asset Quality (b-, Higher), Company Operational Characteristics (b-, Moderate), Profitability (b-, Moderate), Financial Structure (bb-, Lower), and Financial Flexibility (b+, Moderate). - The quantitative financial subfactors are based on custom CRT financial period parameters: 10% weight for the historical year 2024, 10% for the forecast year 2025, 10% for the forecast year 2026, 15% for the forecast year 2027 and 55% for the forecast year 2028. - The Governance assessment of 'Good' results in no adjustment. - The Operating Environment assessment of 'aa-' results in no adjustment. - The SCP is 'b-'. Valaris Limited Fitch scored the issuer as follows, using its CRT to produce the SCP: - Business and financial profile factors (assessment, relative importance): Management (bbb, Lower), Sector Characteristics (bb-, Moderate), Market & Competitive Positioning (b+, Higher), Diversification and Asset Quality (bb, Moderate), Company Operational Characteristics (b, Higher), Profitability (bb+, Moderate), Financial Structure (bb, Moderate), and Financial Flexibility (bb, Moderate). - The quantitative financial subfactors are based on custom CRT financial period parameters: 5% weight for the historical year 2024, 5% for the forecast year 2025, 15% for the forecast year 2026, 25% for the forecast year 2027 and 50% for the forecast year 2028. - Assessments of the quantitative financial subfactors also include bespoke calculations. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'a' results in no adjustment. - The SCP is 'b+'. Noble Corporation LLC Fitch scored the issuer as follows, using its CRT to produce the SCP: - Business and financial profile factors (assessment, relative importance): Management (bbb-, Lower), Sector Characteristics (bb-, Moderate), Market and Competitive Positioning (b+, Moderate), Diversification and Asset Quality (bb, Higher), Company Operational Characteristics (b, Higher), Profitability (bbb+, Moderate), Financial Structure (bb, Moderate), and Financial Flexibility (bbb-, Moderate). - The quantitative financial subfactors are based on custom CRT financial period parameters: 5% weight for the historical year 2024, 5% for the forecast year 2025, 15% for the forecast year 2026, 25% for the forecast year 2027 and 50% for the forecast year 2028. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'a-' results in no adjustment. - The SCP is 'bb-'. To derive the IDR: - Application of Fitch's "Parent Subsidiary Linkage Considerations Rating Criteria" results in a consolidated approach. Helix Energy Solutions Group, Inc. Fitch scored the issuer as follows, using its CRT to produce the SCP: - Business and financial profile factors (assessment, relative importance): Management (bbb, Lower), Sector Characteristics (bb, Moderate), Market and Competitive Positioning (b+, Higher), Diversification and Asset Quality (bb, Moderate), Company Operational Characteristics (bb-, Higher), Profitability (bb, Moderate), Financial Structure (a-, Lower), and Financial Flexibility (bbb-, Moderate). - The quantitative financial subfactors are based on custom CRT financial period parameters: 5% weight for the historical year 2024, 5% for the forecast year 2025, 15% for the forecast year 2026, 25% for the forecast year 2027 and 50% for the forecast year 2028. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'a' results in no adjustment. - The SCP is 'bb-'. Kraken Oil & Gas Partners LLC Fitch scored the issuer as follows, using its CRT to produce the SCP: - Business and financial profile factors (assessment, relative importance): Management (bbb, Lower), Sector Characteristics (bb-, Moderate), Market and Competitive Positioning (bb-, Higher), Diversification and Asset Quality (bb, Moderate), Company Operational Characteristics (bb-, Moderate), Profitability (bb-, Higher), Financial Structure (aa, Lower), and Financial Flexibility (bbb+, Lower). - The quantitative financial subfactors are based on custom CRT financial period parameters: 10% weight for the historical year 2024, 10% for the forecast year 2025, 10% for the forecast year 2026, 15% for the forecast year 2027 and 55% for the forecast year 2028. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'a+' results in no adjustment. - The SCP is 'bb-'. Wildfire Energy I LLC Fitch scored the issuer as follows, using its CRT to produce the SCP: - Business and financial profile factors (assessment, relative importance): Management (bbb, Lower), Sector Characteristics (bb-, Moderate), Market and Competitive Positioning (b, Higher), Diversification and Asset Quality (bb, Moderate), Company Operational Characteristics (b, Moderate), Profitability (b+, Higher), Financial Structure (aa, Lower), and Financial Flexibility (bbb, Moderate). - The quantitative financial subfactors are based on custom CRT financial period parameters: 10% weight for the historical year 2024, 10% for the forecast year 2025, 10% for the forecast year 2026, 15% for the forecast year 2027 and 55% for the forecast year 2028. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'a+' results in no adjustment. - The SCP is 'b+'. To derive the IDR: - Application of Fitch's "Parent Subsidiary Linkage Considerations Rating Criteria" results in a consolidated approach. Caturus Energy, LLC Fitch scored the issuer as follows, using its CRT to produce the SCP: - Business and financial profile factors (assessment, relative importance): Management (bb-, Lower), Sector Characteristics (bbb, Lower), Market and Competitive Positioning (bb-, Moderate), Diversification and Asset Quality (b-, Higher), Company Operational Characteristics (bb-, Moderate), Profitability (b-, Higher), Financial Structure (bbb+, Lower), and Financial Flexibility (bb, Moderate). - The quantitative financial subfactors are based on custom CRT financial period parameters: 10% weight for the historical year 2024, 10% for the forecast year 2025, 10% for the forecast year 2026, 15% for the forecast year 2027 and 55% for the forecast year 2028. - 'B+' to 'CC' considerations apply in its analysis and result in an adjustment of -1 notch. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'aa-' results in no adjustment. - The SCP is 'b-'. Superior Energy Services, Inc. Fitch scored the issuer as follows, using its CRT to produce the SCP: - Business and financial profile factors (assessment, relative importance): Management (bbb, Lower), Sector Characteristics (bb, Moderate), Market and Competitive Positioning (bb, Higher), Diversification and Asset Quality (bb+, Moderate), Company Operational Characteristics (b+, Higher), Profitability (bbb+, Moderate), Financial Structure (bbb+, Lower), and Financial Flexibility (bb+, Moderate). - The quantitative financial subfactors are based on custom CRT financial period parameters: 5% weight for the historical year 2024, 5% for the forecast year 2025, 15% for the forecast year 2026, 25% for the forecast year 2027 and 50% for the forecast year 2028. - Assessments of the quantitative financial subfactors also include bespoke calculations. - The Governance assessment of 'Good' results in no adjustment. - The Operating Environment assessment of 'a' results in no adjustment. - The SCP is 'bb-'. To derive the IDR: - Application of Fitch's "Parent Subsidiary Linkage Rating Criteria" results in a consolidated approach. LandBridge Company, LLC Fitch scored the issuer as follows, using its CRT to produce the SCP: - Business and financial profile factors (assessment, relative importance): Management (bbb-, Lower), Sector Characteristics (bb, Moderate), Market and Competitive Positioning (bb, Higher), Diversification and Asset Quality (b+, Higher), Company Operational Characteristics (a, Moderate), Profitability (a-, Lower), Financial Structure (a-, Moderate), and Financial Flexibility (bbb, Moderate). - The quantitative financial subfactors are based on custom CRT financial period parameters: 5% weight for the historical year 2024, 5% for the forecast year 2025, 15% for the forecast year 2026, 25% for the forecast year 2027 and 50% for the forecast year 2028. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'aa-' results in no adjustment. - The SCP is 'bb'. To derive the IDR: - Application of "Fitch's Parent Subsidiary Linkage Considerations Rating Criteria" results in a consolidated approach. RATING ACTIONS Entity/Debt Rating Recovery Prior ----------- ------ -------- ----- DBR Land Holdings LLC LT IDR BB Affirmed BB senior unsecured LT BB Affirmed RR4 BB senior secured LT BBB- Affirmed RR1 BBB- Landbridge Company LLC LT IDR BB Affirmed BB Valaris Limited LT IDR B+ Affirmed B+ sr secured 2nd lien LT B+ Affirmed RR4 B+ WildFire Intermediate Holdings, LLC LT IDR B+ Affirmed B+ senior unsecured LT BB- Affirmed RR3 BB- senior secured LT BB+ Affirmed RR1 BB+ Valaris Finance Company LLC sr secured 2nd lien LT B+ Affirmed RR4 B+ Noble Corporation plc LT IDR BB- Affirmed BB- Superior Energy Services, Inc. LT IDR BB- Affirmed BB- WildFire Energy I LLC LT IDR B+ Affirmed B+ W&T Offshore, Inc. LT IDR B- Affirmed B- senior secured LT BB- Affirmed RR1 BB- sr secured 2nd lien LT B- Affirmed RR4 B- Caturus Energy, LLC LT IDR B- Affirmed B- senior unsecured LT B- Affirmed RR4 B- senior secured LT BB- Affirmed RR1 BB- SESI, L.L.C. LT IDR BB- Affirmed BB- senior secured LT BB Affirmed RR3 BB Kraken Oil & Gas Partners LLC LT IDR BB- Affirmed BB- senior unsecured LT BB- Affirmed RR4 BB- senior secured LT BB+ Affirmed RR1 BB+ Helix Energy Solutions Group, Inc. LT IDR BB- Affirmed BB- senior unsecured LT BB- Affirmed RR4 BB- Noble Finance II LLC LT IDR BB- Affirmed BB- senior unsecured LT BB- Affirmed RR4 BB- [] Fitch Affirms Ratings on Seven NA Consumer Products Companies ---------------------------------------------------------------- Fitch Ratings has affirmed the ratings for seven North American Consumer Products companies and their related subsidiaries: 1. ACCO Brands Corporation and ACCO Brands Australia Holding Pty Limited 2. Central Garden & Pet Company 3. Johnson (S.C.) & Son, Inc. 4. Knowlton Development Corporation, Inc., kdc/one Development Corporation, Inc., Zobele Mexico, S.A. de C.V., KDC US Holdings, Inc. 5. Mattel, Inc. 6. Reynolds Consumer Products LLC and Reynolds Consumer Products Inc. 7. Spectrum Brands, Inc. and Spectrum Brands Holdings, Inc. These actions follow the update of Fitch's "Corporate Rating Criteria" and the "Sector Navigators Addendum to the Corporate Rating Criteria" on Jan. 9, 2026. The companies' ratings and Rating Outlooks are unaffected by the criteria changes. Corporate Rating Tool Inputs and Scores ACCO Brands Corporation and ACCO Brands Australia Holding Pty Limited Fitch scored the issuers as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): - Business and financial profile factors (assessment, relative importance): Management (bbb-, Lower), Sector Characteristics (b+, Moderate), Market and Competitive Positioning (b+, Higher), Diversification and Asset Quality (bb+, Moderate), Company Operational Characteristics (bb-, Moderate), Profitability (bbb-, Lower), Financial Structure (bb+, Moderate), and Financial Flexibility (bbb-, Moderate). - The quantitative financial subfactors are based on custom CRT financial period parameters: 20% weight for the forecast year 2025, 40% for the forecast year 2026 and 40% for the forecast year 2027. - The Governance assessment of 'Good' results in no adjustment. - The Operating Environment assessment of 'aa-' results in no adjustment. - The SCP is 'bb-'. To derive the IDR: - No adjustments made to SCP resulting in an IDR of 'BB-'. Central Garden & Pet Company Fitch scored the issuer as follows, using its CRT to produce the SCP: - Business and financial profile factors (assessment, relative importance): Management (bbb, Lower), Sector Characteristics (bb+, Moderate), Market and Competitive Positioning (bb-, Higher), Diversification and Asset Quality (bb, Higher), Company Operational Characteristics (bbb-, Moderate), Profitability (bbb-, Moderate), Financial Structure (bbb, Moderate), and Financial Flexibility (bbb+, Lower). - The quantitative financial subfactors are based on standard CRT financial period parameters: 20% weight for the latest historical year 2025 (ended in September 2025), 40% for the forecast year 2026 and 40% for the forecast year 2027. - The Governance assessment of 'Good' results in no adjustment. - The Operating Environment assessment of 'aa-' results in no adjustment. - The SCP is 'bb'. To derive the IDR: - No adjustments made to SCP resulting in an IDR of 'BB'. Johnson (S.C.) & Son, Inc. Fitch scored the issuer as follows, using its CRT to produce the SCP: - Business and financial profile factors (assessment, relative importance): Management (bbb, Lower), Sector Characteristics (bbb+, Higher), Market and Competitive Positioning (bbb, Moderate), Diversification and Asset Quality (a, Moderate), Company Operational Characteristics (bbb+, Moderate), Profitability (bbb-, Moderate), Financial Structure (bbb+, Higher), and Financial Flexibility (bbb+, Moderate). - The quantitative financial subfactors are based on standard CRT financial period parameters: 20% weight for the latest historical year 2025 (ended June 2025), 40% for the forecast year 2026 and 40% for the forecast year 2027. - The Governance assessment of 'Good' results in no adjustment. - The Operating Environment assessment of 'a' results in no adjustment. - The SCP is 'bbb+'. To derive the IDR: - No adjustments made to SCP resulting in an IDR of 'BBB+'. Knowlton Development Corporation, Inc., kdc/one Development Corporation, Inc., Zobele Mexico, S.A. de C.V., KDC US Holdings, Inc. Fitch scored the issuer as follows, using its CRT to produce the SCP: - Business and financial profile factors (assessment, relative importance): Management (bbb, Lower), Sector Characteristics (bbb-, Moderate), Market & Competitive Positioning (b+, Moderate), Diversification and Asset Quality (bb+, Moderate), Company Operational Characteristics (bbb, Lower), Profitability (b, Higher), Financial Structure (ccc+, Higher), and Financial Flexibility (b+, Moderate). - The quantitative financial subfactors are based on standard CRT financial period parameters: 20% weight for the latest historical year 2024 (ended April 30,2025), 40% for the forecast year 2025 and 40% for the forecast year fiscal 2026. - B+ to CC considerations apply in its analysis and result in no adjustment. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'a' results in no adjustment. - The SCP is 'b-'. To derive the IDR - No adjustments made to SCP resulting in an IDR of 'B-'. Mattel, Inc. Fitch scored the issuer as follows, using its CRT to produce the SCP: - Business and financial profile factors (assessment, relative importance): Management (bbb, Lower), Sector Characteristics (bb, Higher), Market & Competitive Positioning (bbb, Moderate), Diversification and Asset Quality (bbb, Lower), Company Operational Characteristics (bbb, Moderate), Profitability (a-, Moderate), Financial Structure (a, Moderate), and Financial Flexibility (a-, Moderate). - The quantitative financial subfactors are based on custom CRT financial period parameters: 20% weight for the forecast year 2025, 40% for the forecast year 2026 and 40% for the forecast year 2027. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'a+' results in no adjustment. - The SCP is 'bbb-'. To derive the IDR: - No adjustments made to SCP resulting in an IDR of 'BBB-'. Reynolds Consumer Products LLC and Reynolds Consumer Products Inc. Fitch scored the issuer as follows, using its CRT to produce the SCP: - Business and financial profile factors (assessment, relative importance): Management (bbb, Lower), Sector Characteristics (bbb, Moderate), Market and Competitive Positioning (bb+, Higher), Diversification and Asset Quality (bb+, Higher), Company Operational Characteristics (bbb-, Moderate), Profitability (bbb, Moderate), Financial Structure (a-, Lower), and Financial Flexibility (bbb+, Moderate). - The quantitative financial subfactors are based on custom CRT financial period parameters: 20% weight for the forecast year 2025, 40% for the forecast year 2026 and 40% for the forecast year 2027. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'aa-' results in no adjustment. - The SCP is 'bb+'. To derive the IDR: - No adjustments made to SCP resulting in an IDR of 'BB+'. Spectrum Brands, Inc. and Spectrum Brands Holdings, Inc. Fitch scored the issuer as follows, using its CRT to produce the SCP: - Business and financial profile factors (assessment, relative importance): Management (bb, Higher), Sector Characteristics (bb+, Moderate), Market and Competitive Positioning (bb, Higher), Diversification and Asset Quality (bbb-, Moderate), Company Operational Characteristics (bbb, Lower), Profitability (bb, Moderate), Financial Structure (bbb, Lower), and Financial Flexibility (bbb+, Moderate). - Assessments of the quantitative financial subfactors include bespoke issuer calculations. - The Governance assessment of 'Good' results in no adjustment. - The Operating Environment assessment of 'aa-' results in no adjustment. - The SCP is 'bb'. To derive the IDR: - No adjustments made to SCP resulting in an IDR of 'BB'. RATING ACTIONS Entity/Debt Rating Recovery Prior ----------- ------ -------- ----- Johnson (S.C.) & Son, Inc. LT IDR BBB+ Affirmed BBB+ ST IDR F2 Affirmed F2 senior unsecured LT BBB+ Affirmed BBB+ senior unsecured ST F2 Affirmed F2 Reynolds Consumer Products Inc. LT IDR BB+ Affirmed BB+ Central Garden & Pet Company LT IDR BB Affirmed BB senior unsecured LT BB Affirmed RR4 BB senior secured LT BBB- Affirmed RR1 BBB- Reynolds Consumer Products LLC LT IDR BB+ Affirmed BB+ senior secured LT BBB- Affirmed RR1 BBB- Spectrum Brands Holdings, Inc. LT IDR BB Affirmed BB Spectrum Brands, Inc. LT IDR BB Affirmed BB senior unsecured LT BB Affirmed RR4 BB senior secured LT BBB- Affirmed RR1 BBB- Mattel, Inc. LT IDR BBB- Affirmed BBB- senior unsecured LT BBB- Affirmed BBB- ACCO Brands Australia Holding Pty Limited senior secured LT BB+ Affirmed BB+ Zobele Mexico, S.A. de C.V. senior secured LT B Affirmed B KDC US Holdings, Inc. LT IDR B- Affirmed B- senior secured LT B Affirmed RR3 B ACCO Brands Corporation LT IDR BB- Affirmed BB- senior secured LT BB+ Affirmed RR1 BB+ senior unsecured LT BB- Affirmed RR4 BB- kdc/one Development Corporation, Inc. LT IDR B- Affirmed B- senior secured LT B Affirmed RR3 B Knowlton Development Corporation, Inc. LT IDR B- Affirmed B- ********* 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. 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