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260629.mbx T R O U B L E D C O M P A N Y R E P O R T E R Monday, June 29, 2026, Vol. 30, No. 180 Headlines 1001 BEACH AVE: Updates Unsecured Claims Pay Details 121 NORTH: Voluntary Chapter 11 Case Summary 15 LTD: Seeks Court Approval to Hire Onsager Fletcher as Counsel 30 EAST 40TH: Taps Mark D. Podgainy of Getzler Henrich as CRO 303 CLFX: Employs Kutner Brinen Dickey Riley as Counsel 303 THE HILL: Taps Wadsworth Garber Warner as Legal Counsel 331 ROCKAWAY: Hires Law Offices of Charles Wertman as Counsel 335 RUSHMORE: Taps Kirby Aisner & Curley as Legal Counsel 4010 THOR: Gets Extension to Use Cash Collateral ACCESS & SERVICE-INDUSTRIAL: Cash Collateral Hearing Set for July 2 ADDY HOSPITALITY: Hires Hedgestone Business as Business Broker AKIBAZ LLC: Gets Final OK to Use Cash Collateral ALGORHYTHM HOLDINGS: Receives Nasdaq Bid Price Noncompliance Notice ALL SOUTH AC: Unsecureds Will Get 5% of Claims over 5 Years AMERICAN GREETINGS: S&P Rates $400MM Senior Secured Term Loan 'B' ANDERSON HAY: Court OKs $1.5 Million Interim DIP Loan From Conterra ANNIE EYELASH: Gets Interim OK to Use Cash Collateral Until Aug. 14 ANOINTED TOUCH: Plan Filing Deadline Extended to July 27 ARMADILLO DISTRIBUTION: Hires Fox Rothschild as Litigation Counsel ASCENCION MEDICAL: Updates Several Secured Claims Pay ASOCIACION MUTUAL: Chapter 15 Case Summary ATHENAHEALTH GROUP: S&P Affirms 'B-' ICR, Outlook Stable AVENGER FLIGHT: Court Confirms First Amended Plan of Liquidation AVENGER FLIGHT: Plan Exclusivity Period Extended to Sept. 10 AXIP ENERGY: Court Confirms Chapter 11 Plan of Liquidation BALLAST DESIGN: Gets Final OK to Use Cash Collateral BEAR COMPANY: Gets OK to Hire McFarlin & Brokke PC as Accountant BEELINE HOLDINGS: Nicholas Reyland Liuzza Jr Holds 22.8% Stake BITCOIN DEPOT: Claims to be Paid from Asset Sale Proceeds BITCOIN DEPOT: Hires Shannon Lee Beatty LLP as Conflicts Counsel BITCOIN DEPOT: Seeks to Hire Debevoise & Plimpton LLP as Counsel BLUE ONYX: Seeks Approval to Hire Vrakas, S.C. as Accountant BLUE STONE: Gets Interim OK to Use Cash Collateral Until July 9 BLUE STONE: Seeks to Hire Norgaard O'Boyle & Hannon as Counsel BNL ENTERPRISES: Gets OK to Use Cash Collateral BOYLSTON CP: Commences Chapter 7 Bankruptcy in Massachusetts BRADFORD MEDIA: Hires LaDonna Mayo Service and More as Accountant BRADFORD MEDIA: Hires Sheila F. Campbell as Bankruptcy Counsel BREAKTHROUGH VENTURES: Wins Final Cash Collateral Access BROOKS CUSTOM: Unsecureds to Get Share of Income for 3 Years CARE FOR THE ELDERLY: Taps Sher Tremonte LLP as Litigation Counsel CASA ARIZONA: Seeks to Hire My Home Group Real Estate as Broker CHARGE ENTERPRISES: Lenders, Ex-CEO Win in Liquidity Crisis Suit CHARLES & COLVARD: Seeks to Extend Plan Exclusivity to Aug. 31 CHICAGO HEIGHTS AYERS: Seeks Chapter 11 Bankruptcy in Illinois CHINO CENTRAL: Taps Investors' Property Services as Manager CITY HILLS: Voluntary Chapter 11 Case Summary CLEVELAND AVENUE: Seeks to Hire Butzel Long as Bankruptcy Counsel CN HOLDINGS: Gets Final OK to Use Cash Collateral Until Sept. 12 COACHELLA MANAGEMENT: Hires RHM Law LLP as Bankruptcy Counsel COLLIERCOUNT LLC: Unsecureds to Get Share of Income for 36 Months CONEXION GANADERA: Chapter 15 Case Summary COOPER STREET SPE: Initiates Chapter 11 Bankruptcy in Texas CORE & MAIN: S&P Rates Proposed Senior Unsecured Notes 'B+' CP ATLAS BUYER: S&P Alters Outlook to Negative, Affirms 'CCC+' ICR CRESCENT CITY MEAT: $61K Unsecured Claims to Recover 100% CTCHGC LLC: Final Hearing to Use Cash Collateral Set for June 30 DALTONBRIELLA LLC: Hires Bryan K. Mickle as Bankruptcy Counsel DC CABLE: Seeks Approval to Employ Jerrilee M. Harvey as Accountant DENTISTAR PC: Seeks to Tap Schneider & Stone as Bankruptcy Counsel DIOCESE OF BURLINGTON: Court OKs Sale South Burlington HQ in Ch. 11 DIRECT PLUMBING: Court Extends Cash Collateral Access to Sept. 12 DRIVESMART SYSTEMS: Gets Final OK to Use Cash Collateral ECHOSTAR CORP: DBS Cures $183M Interest Default Within Grace Period EEW AMERICAN: Seeks to Hire Archer & Greiner as Special Counsel EFFICIENT IRRIGATION: Wins Interim Cash Collateral Access EL DORADO GAS: Hood & Bolen Granted $37K in Admin Expenses ELITE PROJECT: Gets Final OK to Use Cash Collateral ENDLESS SUMMER: Taps Geno and Steiskal PLLC as Bankruptcy Counsel ENY EQUITY: Seeks to Hire Goetz Platzer as Bankruptcy Counsel ESSENTIAL INVESTMENT: Hires Butler McDonald as Bankruptcy Counsel EURO EXCHANGE: Chapter 15 Case Summary FAB LAW: Gets Interim OK to Use Cash Collateral Until July 21 FCI SAND: Court OKs Mine Assets Sale to GrayStreet Credit FLOAT ALASKA: Updates Unsecureds & Mechanics Lienholder Claims FLUENT INC: All Eight Key Proposals Passed at Annual Meeting FLUTTER ENTERTAINMENT: Moody's Alters Outlook on Ba1 CFR to Neg. FLYWHEEL YALE: Employs Michael Best & Friedrich as Legal Counsel FUND FOR SANDY: Taps Saunders and Fleming Properties as Brokers GENESIS HEALTHCARE: No Resident Care Concern, 5th PCO Report Says GENESIS HEALTHCARE: Quality of Care Maintained, 5th PCO Report Says GIROIR HOLDINGS: Unsecureds to Get $500 per Month over 60 Months GLOBAL INFRASTRUCTURE: S&P Rates New $500MM Sr. Unsec. Notes 'BB' GOLD CITY: U.S. Trustee Appoints Nancy Pitra as Substitute PCO GOLIATH VENTURES: Seeks to Extend Plan Exclusivity to Dec. 31 GRANAIO LLC: Case Summary & Six Unsecured Creditors GUNNISON VALLEY: Seeks Approval to Hire SL Biggs as Accountant GURU HOLDING: Seeks to Extend Plan Exclusivity to Oct. 16 GWG HOLDINGS: Ankura Seeks Dismissal of Trustee's Bankruptcy Claims HALLMARK FINANCIAL: Hearing Procedures for Stock Transfers Okayed HARVEST SHERWOOD: Amends Plan to Include Convenience Class CLaims HARVEST SHERWOOD: Hires Hicks Johnson PLLC as Conflicts Counsel HERITAGE COAL: Chapter 11 Buyer Demands Prompt Refund Payment HOMETOWN CHIROPRACTIC: Gets Interim OK to Use Cash Collateral HUBBARD INGREDIENTS: Gets Interim OK to Use Cash Collateral HUMBLE BARON: Gets Extension to Use Cash Collateral IMPAC MORTGAGE: Court Sets July 10 Administrative Claims Bar Date INSPIRED HEALTHCARE: DST Committee Taps Holland & Knight as Counsel INSPIRED HEALTHCARE: DST Committee Taps Kane Russell as Co-Counsel J. PATRICK LEE: Unsecureds to Get Share of Income for 3 Years JACKSON HOSPITAL: Court Rejects Bid for Higher BCBS Alabama Rates JAGUAR HEALTH: Amends Royalty Deal With Uptown, Streeterville JAGUAR HEALTH: Extends Streeterville Note Maturity to Oct. 1 JAGUAR HEALTH: Swaps Series Q Preferred Shares for Common Shares JANE STREET: S&P Alters Outlook to Positive, Affirms 'BB' ICR JOEEFI LLC: Foreclosure Sale Scheduled for July 15, 2026 KATAPULT HOLDINGS: Amends Merger Agreement for Board Expansion KESKIN INC: Unsecured Creditors to Get 5 Cents on Dollar in Plan KEY POINT: Seeks to Hire Cecille Doan LLC as Bankruptcy Counsel KNOWLTON DEVELOPMENT: S&P Rates New First-Lien Term Loans 'B-' LAKE BUENA VISTA: Court Extends Cash Collateral Access to Aug. 31 LAKE BUENA: Plan Exclusivity Period Extended to July 6 LAZARUS INDUSTRIES: Taps Pheterson Spatorico as Special Counsel LIFE TIME: S&P Raises Issuer Credit Rating to 'BB', Outlook Stable LONG ISLAND: Taps Richard S. Feinsilver as Legal Counsel LORENZO'S DOG: Taps Steel & Company Law Firm as Bankruptcy Counsel LUGANO DIAMONDS: Compass Diversified Reaches Settlement in Ch. 11 MAXUM GENESIS: Seeks 90-Day Extension of Plan Filing Deadline MAZCOTA LLC: Gets Interim OK to Use Cash Collateral MAZZEI GROUP: Case Summary & Seven Unsecured Creditors MEGA BROADBAND: S&P Affirms 'B+' ICR, On CreditWatch Positive MEGA KYON: Seeks Approval to Hire Your QB Guru Inc. as Bookkeeper MFP ONE: Commences Chapter 7 Bankruptcy in Texas MIRACLE RESTAURANT: Hires Lugenbuhl Wheaton as Bankruptcy Counsel MSCI INVESTMENTS: Unsecured Creditors to Get Share of $200K Pool NAVA HEALTH: 60-Day Extension for Plan Filing Granted NORTH JERSEY: Gets Interim OK to Use Cash Collateral NORTH JERSEY: Hires Norgaard O'Boyle & Hannon as Counsel NUWELLIS INC: Appoints Michael McCormick as CEO ODOZI LLC: Voluntary Chapter 11 Case Summary OMNI HEALTH: Plan Exclusivity Period Extended to July 18 OPTIMAL BEGINNINGS: Hires Frost & Associates as Legal Counsel OTB HOSPITALITY: Files Chapter 7 After Closing All Locations PMB PROPERTY: Claims to be Paid from Continued Operations PMR LLC: Case Summary & Eight Unsecured Creditors POLELINE LENDER: Employs SVN Cornerstone as Expert Witness PORTERO COMMERCIAL: Case Summary & 19 Unsecured Creditors POST OFFICE SQUARE: Seeks to Hire CPAMG LLC as Real Estate Broker PPF GIN: Plan Exclusivity Period Extended to Aug. 3 PRESTIGE HEALTHCARE: Gets Extension to Access Cash Collateral PRINTED MINT: Wins Final Approval to Use Cash Collateral QUEENS REAL ESTATE: Seeks to Hire Schlissel DeCorpo LLP as Counsel RAILHEAD INC: Plan Exclusivity Period Extended to Sept. 28 RED VAULT: Seeks Chapter 7 Bankruptcy in California ROADRUNNER SCOOTERS: Claims to be Paid from Business Revenue SAICP HOTEL: Gets Final OK to Use Cash Collateral Until July 31 SANGAMO THERAPEUTICS: Files Chapter 11 to Sell Gene Therapy Assets SAPPHIRE EXCHANGE: Gets Interim OK to Use Cash Collateral SERVESTAR LLC: Seeks 90-Day Extension of Plan Filing Deadline SERVIN PLUMBING: Hires Kutner Brinen Dickey Riley as Counsel SKOLEM GROUP: Starts Chapter 11 Bankruptcy in California SLEEP NUMBER: July 9 Hearing Set for Securities Transfer Procedures SLEEP NUMBER: Section 341 Meeting Scheduled for July 8 SME DUBLIN: Plan Exclusivity Period Extended to July 30 SPANISH BROADCASTING: Judge Intends to Approve Chapter 11 Plan STARDOM CONSTRUCTION: Seeks Cash Collateral Access STYX LOGISTICS: Unsecureds to Get 3 Cents on Dollar in Plan SUNPOWER CORP: Sued by Builder to Block Solar Panel Payment Claims T & T HAULING: Seeks to Hire J.M. Cook as Bankruptcy Counsel T7 ENTERPRISES: Gets Interim OK to Use Cash Collateral THOMAS C. STEET: Gets Interim OK to Use Cash Collateral THRILL INTERMEDIATE: Unsecureds' Recovery "Unknown" in Plan TODD CREEK: Trustee to Tap Madeline Lia Duncan as HOA Counsel TRANSGLOBAL MANAGEMENT: Shifts Voting Control to Jeff Foster TRIPLE-G-GUNITE INC: Unsecureds Will Get 15% of Claims over 5 Years TRUE LOUNGE: Seeks to Hire Sean Raquet CPA LLC as Accountant VALYRIAN MACHINE: Hires John R. Foley P.C. as Substitute Counsel VERATICS INC: Gets Interim OK to Use Cash Collateral Until July 15 VIA MIZNER: Plan Exclusivity Period Extended to Aug. 20 VIRGINIA PARK: Updates Liquidating Plan Disclosures VIVAKOR INC: Noteholder, Lender Convert $663K to 2.44M Shares VOICES OF FAITH: Seeks to Extend Plan Exclusivity to Sept. 29 VOLITIONRX LTD: Issues Shares for Lind Note Repayment WAHL TO WAHL: Unsecured Creditors to Split $32K in Plan WE WEST TEXAS: Seeks to Hire GM Consultants Inc. as Broker WEST RIDGE: Hilco Sets July 6 Due for WV Commercial Assets' Sale WISER SOLUTIONS: Secures Court Approval for Chapter 11 Asset Sale WOLKE CHIROPRACTIC: Unsecureds Will Get 100% of Claims in Plan WR GRACE: Judge Clears Ch. 11 Deal Resolving 33-Year Class Fight XOS INC: Stockholders OK Equity-Plan Share Hike, Share Issuance [] Debt Agreement Hangovers Slow Down Fast-Track Bankruptcy Cases [] Michael Schneidereit Joins Gibson Dunn's Restructuring Practice ********* 1001 BEACH AVE: Updates Unsecured Claims Pay Details ---------------------------------------------------- 1001 Beach Ave, LLC submitted an Amended Subchapter V Plan of Liquidation dated June 15, 2026. The Debtor is the owner of land and improvements located at 1001 Beach Avenue, Brigantine, Atlantic County, New Jersey (the "Property"). The appraised value of the Property is $2,000,000.00. The Property consists of a single-family residence which is suitable for seasonal rental. Pursuant to the Plan, the Debtor intends to market and sell the Property free and clear of liens, claims, encumbrances and interests (collectively, "Encumbrances") or to refinance its mortgage indebtedness. A sale of the Property pursuant to the Plan will be exempt from transfer tax pursuant to section 1146(a) of the Bankruptcy Code. The Property is encumbered by a mortgage lien held by U.S. Bank National Association, as Trustee for LB-Ranch Series V Trust. Other liens appear of record, although the Debtor believes that such liens are collateral mortgages which have previously been satisfied. The Plan provides that Allowed Secured Claims will be paid in full or substantially in full from the proceeds resulting from the sale of the Property and that Class 4 will be paid, if at all, from such proceeds or other non-exempt assets of the Debtor available for distribution, including recoveries from potential future litigation. Class 5 Interests will retain such Interests, but will not receive any distribution under the Plan unless and to the extent that all Classes of Claims are fully satisfied pursuant to this Plan. Class 4 consists of General Unsecured Claims (including the unsecured deficiency claims of Secured Creditors). Paid, if at all, from equity resulting from the sale of the Property and/or the liquidation of personal property after the payment in full of all senior Classes on or before thirty days from the closing of the sale or refinancing of the Property. The Equity Interest holder will retain such Interest, but will otherwise received nothing under the Plan. The Plan will be implemented through the sale of the Property or the refinancing of existing mortgage indebtedness. The outside date for the sale of the Property shall be two hundred ten days from the Effective Date (the "Sale Deadline"), unless extended by Order of the Bankruptcy Court for cause, provided that, in the event that the Property is subject to a bona fide agreement of sale as of the Sale Deadline and closing occurs within thirty days thereafter, no event of default shall be deemed to have occurred hereunder. The sale of the Property shall be free and clear of Encumbrances, with all such Encumbrances attaching exclusively to the sale proceeds. In addition, rental proceeds of the Property, if any, shall be applied to satisfy operating expenses of the Property, including real estate taxes and insurance, and to pay Allowed Claims. Upon Confirmation of the Plan, all property of the Debtor, tangible and intangible, including, without limitation, licenses, furniture, fixtures and equipment, will revert to the Debtor, free and clear of all Claims, Encumbrances and equitable interests, except as provided in the Plan. The Debtor expects that the proceeds resulting from the sale of the Property or the refinancing of the mortgage indebtedness, net of closing costs, will be sufficient to make the distributions required under the Plan. A full-text copy of the Amended Liquidating Plan dated June 15, 2026 is available at https://urlcurt.com/u?l=8xO2AK from PacerMonitor.com at no charge. Counsel for the Debtor: Jeffrey Kurtzman, Esq. KURTZMAN | STEADY, LLC 101 N. Washington Avenue, Suite 4A Margate, NJ 08402 Telephone: (215) 839-1222 Email: kurtzman@kurtzmansteady.com About 1001 Beach Ave LLC 1001 Beach Ave, LLC is a Brigantine, New Jersey-based company that owns a residential property and has offered it for lease. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-12968) on March 18, 2026, with $1 million to $10 million in assets and liabilities. Geralyn Touhill, sole member, signed the petition. Jeffrey Kurtzman, Esq., at Kurtzman | Steady, LLC represents the Debtor as legal counsel. 121 NORTH: Voluntary Chapter 11 Case Summary -------------------------------------------- Debtor: 121 North Common LLC 121 North Common Street Lynn MA 01902 Chapter 11 Petition Date: June 24, 2026 Court: United States Bankruptcy Court District of Massachusetts Case No.: 26-11510 Debtor's Counsel: Michael Walsh, Esq. WALSH & WALSH PO Box 9, Lynnfield, MA 01940 Lynnfield, MA 01940 Tel: 617-257-5496 Email: walsh.lynnfield@gmail.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $500,000 to $1 million The petition was signed by William V. V.K. Fletcher III as president. The Debtor did not submit a list of its 20 largest unsecured creditors along with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/D7FMEIY/121_North_Common_LLC__mabke-26-11510__0001.0.pdf?mcid=tGE4TAMA 15 LTD: Seeks Court Approval to Hire Onsager Fletcher as Counsel ---------------------------------------------------------------- 15 Ltd. seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Onsager Fletcher Johnson Palmer LLC to serve as counsel. The firm will provide these services: (a) provide legal advice with respect to Debtor's rights and duties as a debtor-in-possession and continued business operations; (b) assist, advise and represent Debtor in any manner relevant to preserving and protecting Debtor's estate; (c) prepare on Debtor's behalf all necessary applications, motions, answers, orders, reports, plans, disclosure statements and other legal papers that may be required; (d) appear in Court and protect Debtor's interests before the Court; (e) assist in the winding up and dismissal of the bankruptcy proceedings of Debtor, post-confirmation; (f) assist Debtor in administrative matters; and (g) perform all other legal services for Debtor which may be necessary and proper in these proceedings. OFJP will further perform any and all other legal services for Debtor that Debtor may determine are necessary and appropriate. OFJP's attorneys will receive these hourly rates: Christian C. Onsager $600 J. Brian Fletcher $450 Andrew D. Johnson $400 Gabrielle G. Palmer $375 Alice A. White $500, and Joli A. Lofstedt $450. The services of OFJP's paralegals/legal assistants will be billed at $150 per hour. OFJP received a prepetition retainer in the amount of $12,000 from Debtor on June 9, 2026. OFJP applied a portion of the Retainer to Debtor's filing fees in the amount of $1,738. Prior to the Petition Date, OFJP's fees and expenses (including the filing fees) were $6,440.50. OFJP will seek approval of the portion of the Retainer that remains in its trust account ($5,559.50) by separate motion. OFJP disclosed that it does not hold or represent an interest adverse to Debtor or the bankruptcy estate of Debtor. OFJP is a "disinterested person" as defined in 11 U.S.C. Sec. 101(14), as it is not a creditor, equity security holder or insider. The firm can be reached at: Gabrielle G. Palmer, Esq. ONSAGER | FLETCHER | JOHNSON | PALMER LLC 1801 California, Suite 2400 Denver, CO 80202 Telephone: (720) 457-7059 E-mail: gpalmer@OFJlaw.com About 15 LTD. 15 Ltd. sought protection under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Colorado Case No. 26-14424 MER) on June 18, 2026. At the time of the filing, Debtor had estimated assets of between $100,001 and $500,000 and liabilities of between $500,001 and $1 million. ONSAGER | FLETCHER | JOHNSON | PALMER LLC is Debtor's legal counsel. 30 EAST 40TH: Taps Mark D. Podgainy of Getzler Henrich as CRO ------------------------------------------------------------- 30 East 40th, L.L.C. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ and retain Getzler Henrich & Associates LLC and designate Mark D. Podgainy, CTP, as its chief restructuring officer. The firm will render these services: a. conduct the management and sale of the Property through closing, independent of the Debtor's control; b. seek to engage JLL as broker to sell the Property on the previously agreed fee terms or better and on a timely basis, and, if JLL is unable or unwilling to serve, make a good faith effort to engage another qualified broker with experience in marketing medical buildings; c. select a property manager (other than Norvin or ABS) for the Property and take control of the Property no later than June 9, 2026; d. select real estate counsel, in the CRO's sole discretion, in connection with the sale and related duties; e. amend the Debtor's chapter 11 plan to comport with the terms of the Engagement Letter and the CRO Order; f. pending plan confirmation, commence, defend, settle, or compromise any action or proceeding in connection with the CRO's management of the Property, in the CRO's sole discretion (other than any action or proceeding arising from the Good Guy Guaranty or the SL Green Guaranty, which neither the CRO nor the Debtor is permitted to commence, settle, or compromise); g. seek debtor-in-possession financing as necessary to maintain and preserve the Property; and h. participate, with the Parties, in the good faith selection of a mutually agreeable Plan Administrator, and, if the Parties are unable to agree, select a plan administrator from the Chapter 7 Trustee Panel for this district. Getzler Henrich's standard hourly rates are: Mark D. Podgainy (CRO) $860 Principal / Managing Director $735 – $895 Director / Specialists $595 – $795 Associate / Paraprofessionals $225 – $595 As disclosed in the court filings, Getzler Henrich does not hold or represent any interest materially adverse to the Debtor or its estate, and is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code. The CRO can be reached through: Mark D. Podgainy, CTP Getzler Henrich & Associates LLC 1500 Broadway, 26th Floor New York, NY 10036 Tel: (917) 742-7480 Email: mpodgainy@getzlerhenrich.com About 30 East 40th, L.L.C. 30 East 40th L.L.C. is a single asset real estate company. 30 East 40th L.L.C. filed for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-12696) on Dec. 2, 2025. In its petition, the Debtor listed assets between $10 million and $50 million and liabilities in the same range. Bankruptcy Judge Michael E. Wiles handles the case. The Debtor is represented by Mark A. Frankel, Esq. of Backenroth Frankel & Krinsky, LLP. 303 CLFX: Employs Kutner Brinen Dickey Riley as Counsel ------------------------------------------------------- 303 CLFX, LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Kutner Brinen Dickey Riley, P.C. to serve as counsel. The firm will provide these services: (a) provide the Debtor with legal advice with respect to its powers and duties; (b) aid the Debtor in the development of a plan of reorganization under Chapter 11; (c) file the necessary petitions, pleadings, reports, and actions which may be required in the continued administration of the Debtor's property under Chapter 11; (d) take necessary actions to enjoin and stay until final decree herein continuation of pending proceedings and to enjoin and stay until final decree herein commencement of lien foreclosure proceedings and all matters as may be provided under 11 U.S.C. Sec. 362; and (e) perform all other legal services for the Debtor which may be necessary herein. The firm will be paid at these customary hourly rates: Jeffrey S. Brinen at $600, Jenny Fujii at $440, Jonathan M. Dickey at $425, Keri L. Riley at $410, and Paralegal at $100. The firm received a retainer of $20,000, of which $15,457 remained on the Petition Date. Kutner Brinen Dickey Riley, P.C. has no connection or relationship with creditors and is "disinterested" as defined in the U.S. Bankruptcy Code. The firm represents no interest adverse to the estate in the matter upon which they are to be engaged for the Debtor, and its employment is in the best interests of the estate. The firm can be reached at: Jonathan M. Dickey, #46981 KUTNER BRINEN DICKEY RILEY, P.C. 1660 Lincoln Street, Suite 1720 Denver, CO 80264 Telephone: (303) 832-2400 E-mail: jmd@kutnerlaw.com About 303 CLFX, LLC 303 CLFX, LLC operates 303 Boards, an online store and brick-and-mortar skate shops in Colorado, with locations in Denver. The company sells skateboarding products, footwear, apparel, accessories, and gift cards, and offers in-store pickup. It has operated as a brick-and-mortar store since 1997. 303 CLFX, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Colorado Case No. 26-14399) on June 18, 2026. At the time of the filing, Debtor had estimated assets of between $100,001 to $500,000 and liabilities of between $1,000,001 to $10 million. Judge Michael E Romero oversees the case. KUTNER BRINEN DICKEY RILEY, P.C. is Debtor's legal counsel. 303 THE HILL: Taps Wadsworth Garber Warner as Legal Counsel ----------------------------------------------------------- 303 The Hill Ltd seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Wadsworth Garber Warner Conrardy, P.C. to serve as legal counsel. The firm will provide these services: (a) preparation on behalf of the Debtor of all necessary reports, orders, and other legal papers required in this Chapter 11 proceeding; (b) performance of all legal services for the Debtor as a debtor-in-possession which may become necessary herein; and (c) representation of the Debtor in any litigation which the Debtor determines is in the best interest of the estate whether in state or federal court(s). WGWC will receive hourly rates of $500 for David V. Wadsworth and Aaron A. Garber, $425 for Aaron J. Conrardy, $225 for Hallie Cooper, and $125 for paralegals. WGWC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Aaron A. Garber, Esq. WADSWORTH GARBER WARNER CONRARDY, P.C. 2580 West Main Street, Suite 200 Littleton, CO 80120 Telephone: (303) 296-1999 Facsimile: (303) 296-7600 E-mail: agarber@wgwc-law.com About 303 The Hill LTD 303 The Hill LTD sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Colorado Case No. 26-14414 MER) on June 18, 2026. At the time of the filing, Debtor had estimated assets of between $50,001 to $100,000 and liabilities of between $500,001 to $1 million. Wadsworth Garber Warner Conrardy, P.C. is Debtor's legal counsel. 331 ROCKAWAY: Hires Law Offices of Charles Wertman as Counsel ------------------------------------------------------------- 331 Rockaway, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Law Offices of Charles Wertman as general counsel. The firm will provide these services: (a) provide legal advice with respect to its powers and duties in accordance with the Bankruptcy Code; (b) prepare on behalf of the Debtor and Debtor-in-Possession all necessary schedules, applications, motions, answers, orders, reports, adversary proceedings, and other legal documents required in the Chapter 11 case; (c) assist in the development and implementation of a plan of reorganization or liquidation, including the proposed sale of the property; and (d) perform all other legal services necessary in connection with the Chapter 11 case and the Debtor's reorganization efforts under the Bankruptcy Code. The firm's compensation includes a pre-petition retainer of $10,000 (inclusive of a $1,738 filing fee), with hourly rates of $525 for attorneys and $150 for paraprofessionals. Law Offices of Charles Wertman P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Charles Wertman, Esq. LAW OFFICES OF CHARLES WERTMAN P.C. 100 Merrick Road, Suite 304W Rockville Centre, NY 11570 Telephone: (516) 284-0900 E-mail: charles@cwertmanlaw.com About 331 Rockaway, LLC 331 Rockaway, LLC is a limited liability company likely engaged in real estate ownership or property management, potentially tied to a specific asset or location on Rockaway. Entities of this type are commonly used to hold and operate income-producing properties. 331 Rockaway, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41824) on April 15, 2026. In its petition, the Debtor reports estimated assets between $1,000,000 and $10,000,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. The Debtor is represented by Charles Wertman, Esq. of Law Offices Of Charles Wertman P.C. 335 RUSHMORE: Taps Kirby Aisner & Curley as Legal Counsel --------------------------------------------------------- 335 Rushmore Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to retain Kirby Aisner & Curley LLP to serve as legal counsel. The firm will provide these services: (a) give advice to the Debtor with respect to their powers and duties as Debtor-in-Possession and the continued management of their property and affairs; (b) negotiate with creditors of the Debtor and work out a plan of reorganization and take the necessary legal steps in order to effectuate such a plan including negotiations with creditors and other parties in interest; (c) prepare the necessary legal papers required for the Debtor who seek protection from their creditors under Chapter 11 of the Bankruptcy Code; (d) appear before the Bankruptcy Court to protect the interest of the Debtor and represent the Debtor in all matters pending before the Court; (e) attend meetings and negotiate with representatives of creditors and other parties in interest; (f) advise the Debtor in connection with any potential refinancing of secured debt and any potential sale of the business and their assets; (g) represent the Debtor in connection with obtaining post-petition financing; (h) take any necessary action to obtain approval of a disclosure statement and confirmation of a plan of reorganization; and (i) perform all other legal services necessary for the preservation of the Debtor's estate and to promote the best interests of the Debtor, its creditors and its estate. Kirby Aisner & Curley LLP will receive these hourly rates: Partners $550 to $625; Of Counsel $525 to $625; Associates $325 to $400; and Paralegals $175. The firm also received a prepetition payment totaling $15,000, with a remaining retainer of $14,375 held in a separate account, subject to Court approval for application toward fees and expenses. Kirby Aisner & Curley LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Dawn Kirby, Esq. KIRBY AISNER & CURLEY LLP 700 Post Road, Suite 237 Scarsdale, NY 10583 Telephone: (914) 401-9500 E-mail: dkirby@kacllp.com About 335 Rushmore Inc. 335 Rushmore Inc. is a privately held corporate entity operating in New York. The bankruptcy filing provides limited public detail regarding the company's underlying business operations. 335 Rushmore Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-22584) on June 11, 2026. In its petition, the Debtor reports estimated assets and liabilities both in the range of $1 million to $10 million. The Debtor is represented by Dawn Kirby, Esq. of Kirby Aisner & Curley, LLP. 4010 THOR: Gets Extension to Use Cash Collateral ------------------------------------------------ The U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, authorized 4010 Thor Collision Corp. to continue using cash collateral. Under the order, the Debtor is authorized to use cash collateral in accordance with court-approved operating budgets through Aug. 25. The Debtor is also allowed to use up to an additional 10% of cash collateral for unforeseen expenses necessary for the maintenance and continued operation of the collision repair business. To provide oversight during the interim period, the Debtor is required to file monthly budget-versus-actual reports by the 21st day of each month, covering the prior month's financial performance. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/zeqd8 from PacerMonitor.com. A continued hearing is scheduled for Aug. 25. 4010 Thor Collision's financial structure is notable for its lack of traditional secured creditors. Instead, the Debtor is burdened by several merchant cash advance financing agreements, with entities including E Advance Services, LLC, Monday Funding, LLC, Nexi Finance, United First, LLC, and Velocity Capital Group, LLC. While these MCA funders have filed UCC-1 financing statements, the Debtor notes that the validity and extent of these liens may be disputed under recent legal precedents that sometimes characterize such agreements as "disguised loans" rather than true sales of receivables. About 4010 Thor Collision Corp. 4010 Thor Collision Corp. is an automotive body repair business based in Boynton Beach, Florida. 4010 Thor Collision sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S. D. Fla. Case No. 26-12210) on February 24, 2026, listing up to $500,000 in assets and up to $1 million in liabilities. Francesca Velluzz, president of 4010 Thor Collision, signed the petition. Judge Mindy A. Mora oversees the case. Stephen Breuer, Esq., at Breuer Law, PLLC, represents the Debtor as bankruptcy counsel. ACCESS & SERVICE-INDUSTRIAL: Cash Collateral Hearing Set for July 2 ------------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas, Galveston Division, is set to hold a final hearing on July 2 on Access & Service - Industrial, LLC's bid to use cash collateral. The Debtor is currently authorized to use cash collateral under the court's June 17 interim order, which remains effective until June 30. Under the interim order, the Debtor is allowed to use up to $56,239 in cash collateral during the interim period in accordance with an approved budget. The interim order granted First Horizon Bank and the U.S. Small Business Administration adequate protection from any diminution in the value of their collateral through replacement liens on the Debtor's post-petition accounts receivable. These replacement liens do not apply to Chapter 5 causes of action. The order also approved monthly payments of $1,250 to First Horizon Bank and $731 to the SBA, starting next month. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/OM1Nl from PacerMonitor.com. Access & Service-Industrial's operations include supplying and assembling scaffolding for refinery maintenance work and providing OSHA compliance inspections. At the time of filing, the Debtor had one active contract in Galveston County employing eight workers and had recently secured another contract that may require additional hiring. The Debtor's assets consist primarily of cash, accounts receivable, equipment, vehicles, and office furnishings. As of the petition date, the Debtor held only $757 in cash and approximately $223,931 in accounts receivable, which together constitute cash collateral totaling roughly $224,688. The Debtor said it lacks sufficient unencumbered funds to continue operating without court approval to use cash collateral. First Horizon Bank, formerly Iberia Bank, holds two loans with combined outstanding balances of approximately $107,900. The SBA holds a loan with an outstanding balance of about $139,700. The Debtor also finances scaffolding equipment through Layher North America, which holds a security interest in the equipment securing approximately $179,000 in obligations. Meanwhile, the Debtor disputes four merchant-cash-advance-type loans from National Funding, LG Funding, Redwood Business Loans, and W Funding Group, whose combined asserted balances exceed $730,000. The Debtor disputes both the terms and amounts claimed under those obligations. About Access & Service - Industrial LLC Access & Service - Industrial, LLC is a Baytown, Texas-based industrial services company that provides scaffolding, insulation, coatings, abatement, fireproofing and related soft-craft services for industrial projects, including access-system design, engineering, erection and dismantling. Access & Service - Industrial sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-80408) on June 8, 2026, with $654,403 in total assets and $1,525,394 in total liabilities. Joel Rivera, president of Access & Service - Industrial, signed the petition. Judge Alfredo R. Perez oversees the case. Bennett G. Fisher, Esq., at Lewis Brisbois Bisgaard & Smith, LLP, represents the Debtor as legal counsel. ADDY HOSPITALITY: Hires Hedgestone Business as Business Broker -------------------------------------------------------------- Addy Hospitality LLC d/b/a The Rust and Gold seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Hedgestone Business Advisors as business broker. The broker will assist in the marketing and sale of the Debtor's business or locate an investor at a commission rate of 7% of its selling price. As disclosed in the court filings, Hedgestone Business Advisors does not hold any interest adverse to the estate and is a "disinterested" person within the meaning of 11 U.S.C. Secs. 101(14) and 327(a). The broker can be reached through: Michael Steinberg Hedgestone Business Advisors 164 Main Street Huntington, NY 11743 Tel: +1 (561) 593-3711 About Addy Hospitality LLC Addy Hospitality LLC is a hospitality industry company engaged in the ownership, management, or operation of hospitality-related businesses. The company operates within the lodging, food service, entertainment, or guest services sectors. Addy Hospitality LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-72048) on May 21, 2026. In its petition, the Debtor reports estimated assets of $0-$100,000 and estimated liabilities of $1 million-$10 million. Honorable Bankruptcy Judge Louis A. Scarcella handles the case. The Debtor is represented by Marc A. Pergament, Esq. of Weinberg, Gross & Pergament, LLP. AKIBAZ LLC: Gets Final OK to Use Cash Collateral ------------------------------------------------ The U.S. Bankruptcy Court for the District of Minnesota entered a final order authorizing Akibaz LLC to use cash collateral. The court authorized the Debtor to use cash collateral through August 16 in accordance with a stipulation reached with Community Reinvestment Fund, USA and the approved budget. As adequate protection, secured creditors holding interests in cash collateral, including CRF, were granted replacement liens on the Debtor's post-petition assets similar to their pre-petition collateral, maintaining the same priority and effect to the extent of any diminution in value resulting from the Debtor's use or disposition of collateral. The replacement liens do not attach to Chapter 5 avoidance action claims. The Debtor also agreed to maintain insurance coverage on its assets and provide reports and documentation reasonably requested by CRF as a condition of continued cash collateral use. The court overruled all remaining objections not otherwise addressed in the order and ruled that the previously entered interim cash collateral order is superseded by the final order. About Akibaz LLC Akibaz LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 26-41647) with $100,001 to $500,000 in assets and $1,000,001 to $10 million in laibilities. Judge Hon. William J Fisher oversees the case. The Debtor is represented by: David Tanabe Messerli & Kramer P.A. Tel: 612-672-3600 Email: dtanabe@messerlikramer.com ALGORHYTHM HOLDINGS: Receives Nasdaq Bid Price Noncompliance Notice ------------------------------------------------------------------- Algorhythm Holdings, Inc. announced in a regulatory filing that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that, based upon the closing bid price of the Company's common stock (Nasdaq symbol: RIME) for the 30 consecutive business days from May 4, 2026 to June 15, 2026, the Company no longer meets the minimum bid price requirement of $1.00 per share set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. The Notification Letter states that the Company has a compliance period of 180 calendar days, or until December 14, 2026, to regain compliance with the minimum bid price requirement. If at any time during this compliance period the closing bid price of the Company's common stock is at least $1.00 per share for a minimum of ten consecutive business days, Nasdaq will provide the Company written confirmation of compliance and the matter will be closed. Nasdaq may, in its discretion, require the Company to satisfy the minimum bid price requirement for a period in excess of ten consecutive business days before determining that the Company has demonstrated an ability to maintain long-term compliance. The Notification Letter further states that if the Company does not regain compliance during the initial 180-calendar-day compliance period, the Company may be eligible for an additional 180-calendar-day compliance period, provided that it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market (except the bid price requirement) and provides written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split if necessary. If it appears to Nasdaq staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible for the additional compliance period, Nasdaq will provide notice that the Company's securities will be subject to delisting. The Notification Letter has no immediate effect on the listing or trading of the Company's common stock on The Nasdaq Capital Market, and the Company's common stock will continue to trade under the symbol "RIME" during the compliance period. The Company intends to actively monitor the closing bid price of its common stock and consider available options to regain compliance with the minimum bid price requirement, including such actions as effecting a reverse stock split. There can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement during the initial compliance period or any additional compliance period, or that the Company will otherwise maintain compliance with the other Nasdaq listing requirements. About Algorhythm Holdings, Inc. Algorhythm Holdings, Inc. (NASDAQ: RIME) is an artificial intelligence technology company focused on the growth and development of SemiCab, an AI-enabled software logistics and distribution business that utilizes the Company's SemiCab technology platform to enable retailers, brands and transportation providers to address common supply chain problems globally. The Company operates the SemiCab business through its subsidiary, SemiCab Holdings, LLC. The Woodlands, TX-based M&K CPAS, PLLC, the Company's auditor since 2025, issued a "going concern" qualification in its report dated April 1, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company suffered a net loss from operations and has an accumulated deficit, which raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $18.46 million in total assets, $15.29 million in total liabilities, and $3.17 million in total shareholders' equity. ALL SOUTH AC: Unsecureds Will Get 5% of Claims over 5 Years ----------------------------------------------------------- All South AC Heating & Refrigeration, Inc., filed with the U.S. Bankruptcy Court for the Western District of Arkansas a Plan of Reorganization for Small Business dated June 17, 2026. The Debtor is an Arkansas corporation formed on February 1, 2017, and engaged primarily in residential and light commercial heating, ventilation, air conditioning, and refrigeration services in and around Hot Springs, Arkansas. Prior to the bankruptcy filing, the debtor experienced significant financial distress arising from increasing secured and unsecured debt obligations, inconsistent demand for Debtor's services. As financial conditions deteriorated, the debtor became unable to maintain payments to creditors while continuing ordinary business operations. Since the filing of the bankruptcy case, the debtor has continued operating as debtor-in-possession pursuant to Sections 1107 and 1108 of the Bankruptcy Code. The debtor has made efforts post-petition to stabilize operations, utilize debtor-in-possession accounts, and maintain ongoing business activity. Monthly operating reports filed in this case reflect continuing business operations and positive operating cash flow during portions of the post-petition period. The debtor believes it will have sufficient income and cash flow to fund the obligations required under the Plan while continuing ongoing business operations. Since the commencement of this case, the debtor has continued operating its HVAC and refrigeration business and managing its real property assets as debtor-in-possession. Although the debtor experienced operational and financial instability prior to the bankruptcy filing, the debtor's post-petition operations have shown improvement and stabilization. Monthly operating reports filed in this case reflect continuing operations and periods of positive net operating cash flow. This Plan of Reorganization under Chapter 11 of the Bankruptcy Code proposes to pay creditors of the debtor through ongoing business operations, and income generated from real property during the term of the plan. Non-priority unsecured creditors holding allowed claims will receive distributions equal to five percent of each allowed Class 3 claim over the five-year period of the Plan. The amount distributed to unsecured creditors may vary depending upon the allowance of claims, resolution of disputed claims, future operating performance, and other factors affecting the debtor's cash flow and financial condition. This Plan also provides for the payment of administrative expense claims, priority tax claims, and secured claims in accordance with the Bankruptcy Code and the treatment provisions set forth herein. Class 3 consists of all allowed general unsecured non-priority claims, including unsecured portions of tax claims, unsecured business debt, credit card obligations, unsecured portions of secured claims, deficiency claims, and all other unsecured claims not otherwise classified herein. Allowed Class 3 unsecured claims shall receive a distribution equal to five percent of each allowed Class 3 claim over the five-year period of the Plan. The debtor shall disburse payments pro rata to holders of allowed Class 3 claims at the end of each Plan year for the five years following confirmation of the Plan. A Plan year shall mean twelve (12) months from the first payment made under the Plan and each subsequent twelve-month period thereafter. The total amount distributed to Class 3 creditors shall depend upon the amount of allowed Class 3 claims after claim reconciliation, allowance or disallowance of claims, resolution of disputed claims, and any amended claims. Nothing herein shall constitute an admission as to the nature, validity, priority, secured status, or amount of any claim. The debtor reserves the right to object to claims, challenge secured status, dispute lien priority, seek valuation determinations, compromise claims, and otherwise administer claims following confirmation of the Plan. Equity interests in the debtor shall be retained by the existing owner of the debtor, subject to the terms and conditions of this Plan. The Plan shall be funded through one or more of the following sources: * ongoing business income generated from HVAC and refrigeration operations; * income generated from real property owned or managed by the debtor; * future operating revenue and projected disposable income; * refinancing, sale, or liquidation of assets, if necessary; * recovery of accounts receivable or other estate assets; and * other funds available to the debtor during the term of the Plan. During the applicable commitment period, the debtor shall devote projected disposable income, as defined by Section 1191(d) of the Bankruptcy Code, toward payments required under the Plan. A full-text copy of the Plan of Reorganization dated June 17, 2026 is available at https://urlcurt.com/u?l=h7xGsy from PacerMonitor.com at no charge. Counsel to the Debtor: Marc Honey, Esq. HONEY LAW FIRM, PA P.O. Box 1254 Hot Springs, AR 71902 Telephone: (501) 321-1007 Facsimile: (501) 321-1255 Email: mhoney@honeylawfirm.com About All South AC Heating & Refrigeration All South AC Heating & Refrigeration, Inc. is an Arkansas corporation formed on February 1, 2017, and engaged primarily in residential and light commercial heating, ventilation, air conditioning, and refrigeration services in and around Hot Springs, Arkansas. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Ark. Case No. 26-70254) on February 17, 2026, with $1 million to $10 million in assets and $500,001 to $1 million in liabilities. Judge Richard D. Taylor presides over the case. Marc Honey, Esq., at Honey Law Firm, P.A., is the Debtor's legal counsel. AMERICAN GREETINGS: S&P Rates $400MM Senior Secured Term Loan 'B' ----------------------------------------------------------------- S&P Global Ratings assigned its 'B' issue-level rating and '3' recovery rating to American Greetings Corp.'s (AG) $400 million senior secured term loan due 2032. The '3' recovery rating indicates its expectation for meaningful (50%-70%; rounded estimate: 60%) recovery in the event of a default. The company intends to use the proceeds from this issuance, along with other secured debt, to refinance its existing first-lien term loan and partially pay down the borrowings under its $250 million revolving credit facility, which has been extended to 2031. The proposed transaction will improve AG's maturity profile without materially increasing its outstanding debt. S&P will withdraw its ratings on the company's existing senior secured debt once the transaction closes. S&P said, "Our ratings on AG reflect our expectation it will maintain leverage of about 5x and continue to generate stable free operating cash flow (FOCF) over the next 12 months as it recaptures volume losses. The company's S&P Global Ratings-adjusted leverage was about 5x in fiscal 2026, primarily due to an anticipated sales decline of 2% from the loss of Rite Aid-related business after it declared bankruptcy, and retail slowness from consumer discretionary spending pressures. We believe AG has begun to recapture some of this lost business though account wins and adjacency expansions, which supports our forecast it will increase its revenue by 3%-4% in fiscal 2027. The company also continues to generate sufficient cash flow to support the rating, given its minimal capital expenditure (capex) needs and predictable seasonality, with our forecast of about $50 million of annual FOCF over the next two years." ISSUE RATINGS--RECOVERY ANALYSIS Key analytical factors -- AG's proposed capital structure will comprise a $250 million revolving credit facility due 2031, a $400 million first-lien term loan B due 2032, and other secured debt. -- S&P said, "Our simulated default scenario considers a default in the first half of 2029 as a result of a weak employment and macroeconomic backdrop, reducing demand for the company's products. We value the company on a going-concern basis using a 5.5x multiple of our projected emergence EBITDA, which is in line with the multiples we use for other U.S.-based branded nondurable goods issuers." Simulated default assumptions -- Simulated year of default: 2029 -- Debt service assumptions: $91.4 million (default year interest plus amortization) -- Minimum capex assumptions: $23.0 million -- EBITDA at emergence: $114.1 million -- Operational adjustment: 20% -- Emergence EBITDA after operational adjustment: $136.9 million -- EBITDA multiple: 5.5x -- Gross enterprise value: $753.1 million Simplified waterfall -- Net recovery value for waterfall after administrative expenses (5%): $715.5 million -- Obligor/nonobligor split: 85%/15% -- Net value available to senior secured creditors: $646 million -- Estimated senior secured claims: $1.08 billion --Recovery expectations: 50%-70% (rounded estimate: 60%) Note: All debt amounts include six months of prepetition interest. ANDERSON HAY: Court OKs $1.5 Million Interim DIP Loan From Conterra ------------------------------------------------------------------- Anderson Hay Enterprise Inc. and affiliates received interim approval from the U.S. Bankruptcy Court for the Eastern District of Washington to use cash collateral and obtain post-petition financing to get through bankruptcy. The interim order authorized the Debtors to obtain an initial $1.5 million from Conterra Agricultural Capital, LLC, which has committed to provide up to $5 million in secured debtor-in-possession credit facility. The remaining amount will be available upon entry of a final order. Since initiating their bankruptcy cases, the Debtors have retained control of their operations as debtors-in-possession. To date, the Debtors have stabilized operations by utilizing cash collateral, executing an internal restructuring, paying $3.3 million in pre-petition grower claims to protect raw material supplies, and generating millions in secured debt reductions through asset sales. These actions culminate in a proposed Joint Plan of Reorganization targeting the full repayment of all creditors by October 31, 2026. The immediate demand for the DIP Facility arises from the capital-intensive and highly seasonal summer harvest window. While cash collateral sustained the business during slower months, the Debtors require an immediate cash infusion to purchase raw hay, fund processing operations, and replenish cash reserves after settling $1.4 million in remaining 2025 grower claims. Unsecured credit options are unavailable, particularly since their pre-petition lender, AgWest Farm Credit, terminated their line of credit prior to the petition date. Failure to obtain this funding would prevent the execution of the 2026 harvest season, halt revenue generation, and derail the target payoff under the reorganization plan. Under the terms negotiated with Conterra, the loan will incur a 10% annual interest rate (rising by 2% upon default) with a 2% commitment fee and a 2% exit fee, though the exit fee is waived if Conterra provides the permanent exit financing. The maturity date is established as the earliest of 180 days from closing (with a 90-day extension option), loan acceleration, a material asset sale, or plan confirmation. To secure the facility, the Debtors have pledged an expansive collateral package valued at over $63.5 million. This structural allocation assigns Conterra second-priority junior liens behind AgWest on assets like accounts receivable, equipment, and inventory; a first-priority position on the unencumbered Quincy Property; and a first-priority priming lien on the Washington real property assets currently held by PGIM Real Estate Finance, LLC. The Debtors assert that the priming of PGIM's liens meets the statutory requirements of 11 U.S.C. section 364(d)(1) because PGIM remains completely protected from economic harm. PGIM holds a pre-petition claim of approximately $15.33 million against real estate assets independently valued at $33.55 million, establishing a massive equity cushion of 119%. Even if the DIP facility is fully drawn to $5 million, PGIM retains a protective equity cushion of over 85%, far exceeding the 20% threshold typically required by bankruptcy courts. Furthermore, the Debtors are actively providing adequate protection through monthly cash interest payments at the non-default rate, while the DIP funds directly preserve the going-concern value of the underlying real estate. Consequently, the Debtors maintain that entering into the facility represents an exercise of sound business judgment, and they request that Conterra be designated a good-faith lender under section 364(e) to legally insulate the validity of the credit extension. A copy of the interim DIP order is available at https://is.gd/epvAZy from PacerMonitor.com. The court scheduled a final hearing for July 16 and set a July 7 deadline for filing objections. Conterra, as DIP lender, is represented by: Garrett S. Ledgerwood, Esq. Andrew Morton, Esq. MILLER NASH LLP 605 5TH Ave S. STE 900 Seattle, WA 98104 Phone: (206) 624-8300 garrett.ledgerwood@millernash.com andy.morton@millernash.com About Anderson Hay Enterprise Inc. Anderson Hay Enterprise, Inc., together with its subsidiaries, supplies Pacific Northwest-grown forage products, including three-tie hay, bagged forage, compressed hay, and MAG bales, serving both consumer and commercial markets such as horse owners, small-acreage farms, retailers, and agricultural operations. The Company operates domestically and internationally, distributing hay to partners in more than 30 countries. Founded in 1960 and family-led since its inception, it focuses on producing consistent forage and maintaining long-term relationships across its supply chain. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Lead Case No. 25-02074) on November 26, 2025. In the petition signed by Steve Gordon, chief financial officer, Anderson Hay Enterprise disclosed up to $50 million in assets and up to $100 million in liabilities. Judge Whitman L. Holt oversees the cases. The Debtors tapped James L. Day, Esq., at Bush Kornfeld LLP, as bankruptcy counsel; Lathrop, Winbauer, Harrel & Slothower L.L.P. as special counsel; and Root Results, LLC as professional consultant. The U.S. Trustee for Region 18 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. Tonkon Torp, LLP and Dundon Advisers, LLC serve as the committee's legal counsel and financial advisor, respectively. ANNIE EYELASH: Gets Interim OK to Use Cash Collateral Until Aug. 14 ------------------------------------------------------------------- Annie Eyelash & Permanent Makeup Salon, Inc. received interim approval from the U.S. Bankruptcy Court for the Eastern District of New York to use cash collateral through Aug. 14. The Debtor needs access to cash collateral to operate its beauty and cosmetic services business. Its monthly budget projects total operational expenses of $40,253.32. Six creditors assert security interests in substantially all of the Debtor's assets: TD Bank, N.A., Ascendus, Inc., Bayfirst National Bank, Colony Bank, TD Bank, N.A., and the U.S. Small Business Administration. Together, these secured creditors assert $524,173 in claims against the Debtor. The Debtor believes that only TD Bank's first SBA loan and the SBA EIDL loan are secured by cash collateral, with the remaining lenders likely holding unsecured claims. Its assets are valued at about $95,890. As adequate protection, secured creditors will be granted replacement liens on post-petition collateral, with the same priority and extent as their pre-petition liens, subject to a fee carveout. In addition, TD Bank and the SBA will receive monthly payments of $1,190.48 and $500, respectively. The authorization may terminate earlier upon confirmation of a Chapter 11 plan, dismissal or conversion of the Debtor's bankruptcy case, entry of stay relief affecting significant assets, or modification of the order. The court scheduled a further hearing for Aug. 12. The order is available at https://is.gd/QZIkfP from PacerMonitor.com. About Annie Eyelash & Permanent Make Up Salon Inc. Annie Eyelash & Permanent Make Up Salon, Inc. is a beauty and cosmetic services company specializing in eyelash and permanent makeup treatments. Annie filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. N.Y. Case No. 26-11104) on May 13, 2026, with assets of between $100,001 and $500,000 and liabilities of between $500,001 and $1 million. The case was transferred to the Eastern District of New York and assigned a new case number (Case No. 26-42466) Honorable Bankruptcy Judge David S. Jones handles the case. The Debtor is represented by Kamini Fox, Esq., at Kamini Fox, PLLC. ANOINTED TOUCH: Plan Filing Deadline Extended to July 27 -------------------------------------------------------- Judge James M. Carr of the U.S. Bankruptcy Court for the Southern District of Indiana extended Anointed Touch Residential Services LLC's time to file Small Business Chapter 11 Plan of Reorganization and Disclosure Statement to July 27, 2026. In a court filing, the Debtor explains that it is actively working toward the formulation of a confirmable Subchapter V plan but cannot finalize the Plan until the accounting issues and amended tax returns are sufficiently completed to permit Debtor to evaluate the proper treatment of priority claims and the anticipated distribution structure. In addition, Debtor's ability to finalize a meaningful Plan has been materially impaired by the fraudulent transfer of the Funds, as the Funds were expected to be used in connection with Debtor's reorganization efforts. Because the Funds have not yet been restored, despite Debtor's prompt efforts to report the transfer and work with Premier Bank to recover them, Debtor requires additional time to allow for the return of the Funds. The Debtor claims that it has sought authority to employ an accountant to address tax-return issues that are central to the Plan's structure. Until that work is completed or sufficiently advanced and until the Funds are restored to the DIP account, any Plan filed by Debtor would risk being incomplete, inaccurate, or subject to material amendment shortly after filing. Anointed Touch Residential Services LLC is represented by: Jacob S. Troxell, Esq. Allen Wellman Harvey Keyes Cooley, LLP Five Courthouse Plaza, PO Box 455 Greenfield, IN 46140 Tel: (317) 462-3455 Fax: (317) 467-6109 Email: jst@awhkc.com About Anointed Touch Residential Services Anointed Touch Residential Services, LLC, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 26-00922) on Feb. 24, 2026. In the petition signed by Ayries Nachelle Bledsoe, sole member, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge James M. Carr oversees the case. Jacob Troxell, at Allen Wellman Harvey Keyes Cooley, LLP, is the Debtor's legal counsel. ARMADILLO DISTRIBUTION: Hires Fox Rothschild as Litigation Counsel ------------------------------------------------------------------ Armadillo Distribution Enterprises, Inc. and its debtor affiliates seek approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Fox Rothschild LLP as special litigation and conflicts counsel. The firm will represent the Debtor with regard to litigation against Valley National Bank and Evan Rubinson as well as any other matters that arise adverse to parties for which the Debtor’s general counsel (Venable LLP) may have a conflict. The firm's current customary hourly rates range from $270 to $1,400 per hour for attorneys and $125 to $590 per hour for paralegals. Before filing the petition, the Fox Law Firm requested a $125,000 retainer. Fox Rothschild LLP is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Robert F. Elgidely, Esq. FOX ROTHSCHILD LLP One Biscayne Tower 2 South Biscayne Boulevard, Suite 2750 Miami, FL 33131 Telephone: (305) 442-6543 Facsimile: (305) 442-6541 E-Mail: relgidely@foxrothschild.com About Armadillo Distribution Enterprises, Inc. Armadillo Distribution Enterprises, Inc. is a Tampa, Florida-based manufacturer and distributor of musical instruments and related music products, serving retailers, dealers, and consumers through a portfolio of brands. Armadillo Distribution Enterprises, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-04925) on June 9, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Catherine Peek McEwen handles the case. The Debtor is represented by Robert F. Elgidely, Esq. of Fox Rothschild LLP and Glenn D. Moses, Esq. of Venable LLP. ASCENCION MEDICAL: Updates Several Secured Claims Pay ----------------------------------------------------- Ascencion Medical Center, Inc. submitted a First Amended Plan of Reorganization dated June 15, 2026. Creditors will receive equal monthly payments from the Debtor's cash flow from operations over a period of 60 months. This Plan provides for 4 classes of secured claims, 1 class of general unsecured claims, and 1 class of equity security holders. General unsecured creditors holding allowed claims will receive distributions of 100%. This Plan also provides for the payment of administrative claims. There are no priority claims. The final Plan payment is expected to be paid on April 1, 2031. Class 1, the Secured Claim of Amerant Bank N.A. is unimpaired by this Plan. This claim is secured by all assets. Amerant Bank N.A. has agreed to have its total secured claim paid in full without interest in months 1-60 at $1,582.14 per month. The claimant will retain its lien on the subject assets during the time that payments are made under the Plan. Class 2, the Secured Claim of EBF Holdings, LLC d/b/a Everest Business Funding is unimpaired by this Plan. This claim is secured by all assets. EBF Holdings, LLC d/b/a Everest Business Funding has agreed to have its total secured claim paid in full without interest in months 1-60 at $391.01 per month. The claimant will retain its lien on the subject assets during the time that payments are made under the Plan. Class 3, the Secured Claim of First Citizens Bank is unimpaired by this Plan. This claim is secured by all assets. First Citizens Bank has agreed to have its total secured claim paid in full without interest in months 1-60 at $1,608.47 per month. The claimant will retain its lien on the subject assets during the time that payments are made under the Plan. Class 4, the Secured Claim of TD Bank, N.A. is impaired by this Plan. This claim is secured by all assets. Claim to be paid in full without interest in months 1-60 at $5,321.78 per month. The claimant will retain its lien on the subject assets during the time that payments are made under the Plan. Like in the prior iteration of the Plan, Class 5 General Unsecured Creditors shall share pro rata in a total distribution in the amount of $29,843.80 over the life of the Plan. Class 5 Creditors shall collectively receive 60 monthly payments totaling $497.40 per payment, with the first payment due on the First Payment Date and continuing on the first day of every month thereafter until fully paid. The means necessary for the implementation of this Plan include the Debtor's cash flow from operations for a period of 5 years and Exit Financing. The Debtor's financial projections show that the Debtor will have sufficient cash over the life of the Plan to make the required Plan payments and operate its business. As can be seen, The Debtor or the Reorganized Debtor, as applicable, will use the (i) Available Cash on the Effective Date, (ii) the net cash flow generated on and after the Effective Date and (iii) the proceeds from the Exit Financing (as applicable) to operate its business and make all distributions required to be made by the Debtors or the Reorganized Debtors, as applicable, on and after the Effective Date in accordance with the Plans. On or as soon as reasonably practicable following the Effective Date, the Reorganized Debtors will consummate the Exit Financing with the Exit Financing Lender, which line of credit will be in accordance with the terms of the Plans and of the Exit Financing Documents. The Reorganized Debtors shall be permitted to utilize the proceeds of the Exit Financing to fund their business operations from and after the Effective Date, including their obligations under the Plan. A full-text copy of the First Amended Plan dated June 15, 2026 is available at https://urlcurt.com/u?l=68yLkz from PacerMonitor.com at no charge. Counsel to the Debtor: Carlos E. Sardi, Esq. Sardi Law, PLLC 114410 N. Kendall Dr., Suite 208 Miami, FL 33176 Telephone: (305) 697-8690 Facsimile: (305) 697-8691 About Ascencion Medical Center Ascencion Medical Center, Inc., operates a general medical center providing general family health care services to the public out of the leased premises located at 1060 SW 67th Avenue, Miami, Florida 33144. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-22422) on Oct. 22, 2025. At the time of the filing, the Debtor reported up to $50,000 in assets and liabilities. The Debtor tapped Sardi Law, PLLC, as counsel; and Dinnall Fyne & Company Inc. as accountant. ASOCIACION MUTUAL: Chapter 15 Case Summary ------------------------------------------ Chapter 15 Debtor: Asociacion Mutual para Profesionales de la Fuerza e Infantes de Marina (ASOMUFFAA), et al. Calle 97 13 14 Bogota IN Colombia Business Description: Asociacion Mutual para Profesionales de la Fuerza e Infantes de Marina, or ASOMUFFAA, is a Bogota, Colombia-based mutual association established in 2012 that operates within Colombia's solidarity-economy framework, providing member-focused welfare and support services for armed forces and marine infantry professionals, their families and related community members. Chapter 15 Petition Date: June 24, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-18292 Foreign Representative: Rodolfo Andres Yanez Otalora Cr. 15 No 122 - 45 Oficina 501 Bogota, Colombia Foreign Proceeding: Judicial intevention proceeding pending before the Superintendence of Companies in the Republic of Colombia Foreign Representative's Counsel: Leyza B. Florin, Esq. SEQUOR LAW 1111 Brickell Avenue, Suite 1250 Miami FL 33131 Tel: (305) 372-8282 Email: lflorin@sequorlaw.com Estimated Assets: Unknown Estimated Debt: Unknown A full-text copy of the Chapter 15 petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/WV32SGQ/Asociacin_Mutual_para_Profesionales__flsbke-26-18292__0001.0.pdf?mcid=tGE4TAMA ATHENAHEALTH GROUP: S&P Affirms 'B-' ICR, Outlook Stable -------------------------------------------------------- S&P Global Ratings affirmed its 'B-' issuer credit rating on athenahealth Group Inc. The outlook remains stable. S&P said, "We also raised our issue-level rating on the senior secured loan and revolving credit facility to 'B' from 'B-' and revised the recovery rating to '2' from '3', representing our view of average (70%-90%, rounded estimate: 70%) recovery in a simulated default scenario. "The revision reflects the company's considerable growth and our expectation of greater emergence value from our theoretical default scenario. Also, we project a greater recovery as the senior secured term loan further amortizes. "The stable outlook reflects our expectation of athenahealth's continued revenue growth and improving margins, highlighted by increasing bookings and pricing initiatives but offset by ongoing investments in innovation. It also reflects our expectation that the company will generate free operating cash flow (FOCF) before debt amortization of above $75 million by 2026 despite leverage above 11x." athenahealth Group Inc. continues to improve its profitability from strong organic growth and cost-saving initiatives. S&P continues to forecast high leverage (11x, including preferred shares) and limited cash flow generation, which are somewhat offset by the company's good scale (about $2.5 billion in annual revenue) and strong market position. The higher issue-level ratings primarily reflect continued business strengthening based on athenahealth's projected revenue and margin growth. S&P projects athenahealth will achieve high-single-digit percent organic revenue growth in 2026, driven by increased patient utilization, successful customer implementations and upselling, the expansion of its payer business, and price increases. This growth is also supported by a consistent gross revenue retention rate in the mid-90% area for the athenaOne cloud platform, which accounts for approximately 84% of total revenue. Moreover, the company's investments in artificial intelligence (AI) within revenue cycle management (RCM) and its established electronic health record (EHR) solutions support its competitive position. S&P said, "As a result of these stabilizing factors, we maintain a stable outlook on the company's ability to manage its core business operations effectively. We expect reported EBITDA of about $1.04 billion in 2025 (excluding capitalized software expenses), to increase to about $1.17 billion in 2026. We expect this to cover total interest expenses of approximately $600 million, capital expenditures (capex) of about $230 million (including capitalized software), cash taxes of about $3 million, and debt amortization of about $45 million. "We anticipate margin improvement based on pricing initiatives. We expect S&P Global Ratings-adjusted EBITDA to grow in the high-single-digit percent area in 2026, driven by pricing optimization and the realization of run-rate cost savings, which were effectively completed at the end of 2025. We believe these drivers--combined with the company's ability to maintain a stable margin profile despite necessary investments--provide a solid foundation for improved credit metrics and enhanced cash-flow generation. In our opinion, ambulatory providers remain essential to reducing the overall cost of care, and athenahealth's integrated clinical and payments platform offers a wealth of monetizable data. It also provides opportunities for the development of high-margin solutions, such as population health, life sciences and pharmaceutical solutions, and payor solutions." The company's strategic investment in AI and automation should be a long-term catalyst for productivity and margin expansion. athenahealth has been investing in automation for a decade, and recent initiatives--such as ambient solutions and improved coding accuracy--are designed to reduce after-hours work and improve RCM outcomes. Specifically, new AI tools are expected to drive productivity gains in areas like insurance identification and claims processing, which may manifest in financial results in upcoming quarters. S&P said, "While we recognize the competitive landscape and the speculative nature of some industry-wide AI hype, we believe athenahealth's focus on driving tangible value through labor reduction and improved pay yields positions it favorably. As a result, we view these technological advancements as key components in the company's ability to achieve its long-term margin-stabilization goals." S&P forecasts sufficient liquidity over the next 12 months given athenahealth's cash on hand and availability under its revolving credit facilities. The company maintains approximately $1 billion available under its revolving credit facility, which was recently extended through 2031. Although athenahealth faced significant cash outflows in the first quarter of 2026 due to interest rate hedge payments totaling $130 million, its overall liquidity remains adequate. In addition, the company expects to benefit from a significant tax shield due to the One Big Beautiful Bill Act, which is unlikely to result in federal tax payments until 2027. S&P anticipates that the combination of steady operating cash flows and disciplined debt management will continue to support the company's working-capital needs and provide flexibility for future strategic investments. Moreover, with the recent refinancing activities, the company has extended the debt maturities on both its term loan and revolving credit facility. S&P said, "The stable outlook reflects our expectation that athenahealth will continue to increase its revenue in the high-single-digit percent area and maintain margins of about 40% (with EBITDA burdened by capitalized software development costs). It also reflects our expectation that the company will generate free operating cash flow (FOCF), before debt amortization, of more than $75 million in 2026 despite its leverage of above 11x. "We could consider lowering our rating on athenahealth if we view its capital structure as unsustainable due to a significant deterioration in its FOCF, which could pressure the liquidity cushion. This could occur if the company faces more intense competitive pressures that lead to a reduction in our revenue expectations and weakening EBITDA margins or it undertakes significant debt-funded acquisitions and dividends. "We believe athenahealth's ratings upside is limited over the near term because we anticipate it will use its excess debt capacity to refinance its preferred equity with cash-interest-bearing debt. That said, we could raise the rating if the company continues to maintain EBITDA margins in the high-30% area and sustains FOCF to debt of more than 3%." AVENGER FLIGHT: Court Confirms First Amended Plan of Liquidation ---------------------------------------------------------------- Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware approved the Disclosure Statement and confirmed the First Amended Plan of Liquidation of Avenger Flight Group, LLC and its Affiliated Debtors Under Chapter 11 of the Bankruptcy Code. The Disclosure Statement provides Holders of Claims entitled to vote on the Plan with adequate information to make an informed decision as to whether to vote to accept or reject the Plan in accordance with section 1125 of the Bankruptcy Code. The Disclosure Statement also provides Holders of Claims and other entities with sufficient notice of the injunction, exculpation, and release provisions contained in the Plan, in satisfaction of the requirements of Bankruptcy Rule 3016(c). The Disclosure Statement is approved, on a final basis, pursuant to section 1125 of the Bankruptcy Code. Classes 2, 3, and 6 are Impaired Classes of Claims under the Plan and voted to accept the Plan. While Class 5 was designated an Impaired Class of Claims under the Plan, given the consummation of the SIM International Settlement, no SIM International Claims remain. The Plan, therefore, satisfies the requirements of section 1129(a)(10) of the Bankruptcy Code. The Plan provides for the liquidation of the Debtors' remaining assets and, accordingly, no further reorganization of the Debtors is contemplated. The Plan is approved and confirmed pursuant to section 1129 of the Bankruptcy Code. All objections or informal comments to the confirmation of the Plan and final approval of the Disclosure Statement are overruled in all respects, and all remaining objections or informal comments, if any, are deemed withdrawn with prejudice. A copy of the Court's Order dated June 23, 2026, is available at http://urlcurt.com/u?l=h65Jtmfrom PacerMonitor.com. About Avenger Flight Group Avenger Flight Group LLC provides low-cost training solutions for clients while preserving value, a high degree of quality and customer service at all times. It has tailor-made its services toward rapidly growing Low Cost Carriers (LCC) which had been neglected in many occasions by other training providers. AFG has become the preferred training center for many US and international airlines, especially LCCs. Avenger Flight Group and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bank. D. Del. Lead Case No. 26-10183) on Feb. 11, 2026. The Debtors tapped Pachulski Stang Ziehl & Jones as counsel; SierraConstellation Partners as restructuring advisors; and Seabury Aviation Partners LLC as their investment bankers. Kurtzman Carson Consultants LLC, d/b/a Verita Global, is the solicitation, claims and noticing agent. The Ad Hoc Group of 1L Lenders is being advised by Landis Rath & Cobb LLP, and Proskauer Rose LLP. The Official Committee of Unsecured Creditors retained Willkie Farr & Gallagher LLP as co-counsel, Womble Bond Dickinson (US) LLP as Delaware co-counsel, and FTI Consulting as financial advisor. AVENGER FLIGHT: Plan Exclusivity Period Extended to Sept. 10 ------------------------------------------------------------ Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware extended Avenger Flight Group, LLC and affiliates' exclusive periods to file a plan of reorganization and obtain acceptance thereof to Sept. 10 and Nov. 10, 2026, respectively. As shared by Troubled Company Reporter, the Debtors commenced these bankruptcy cases to sell substantially all of their assets as a going concern and liquidate and wind-down their remaining assets in an orderly fashion. Pursuant to this Motion, the Debtors are seeking an extension of the Exclusive Periods. The Debtors explain that the companies satisfy the various factors that courts rely on in connection with granting extensions of the Exclusive Periods as set forth in section 1121(d) of the Bankruptcy Code. * The Debtors Have Made Good-Faith Progress. The Debtors have obtained first and second day relief to ensure a smooth transition into chapter 11 and filed their schedules of assets and liabilities and statements of financial affairs, among other tasks. The Debtors have also completed the Sale process that resulted in entry of the Sale Order approving the Sale, with the Sale closing on May 9, 2026. * The Debtors Filed the Combined Plan. The Combined Plan establishes a framework for the efficient resolution of these chapter 11 cases and represents the embodiment of a global settlement with the Committee and the Debtors' secured lenders (the "Lenders"). The Combined Plan is supported by the Committee. * The Chapter 11 Cases Are Approximately Four Months Old. The Debtors' request for an extension of the Exclusive Periods is the Debtors' first such request and comes approximately four months after the Petition Date. During this short time, the Debtors closed the Sale, obtained entry of the Bar Date Order, provided notice of the bar dates to creditors, and have already begun the solicitation of the Combined Plan. The Debtors assert that termination of the Exclusive Periods would adversely impact the substantial progress made by the Debtors in the chapter 11 cases to date. The Debtors have thus far been able to focus their efforts upon maximizing value and obtaining approval of the sale of the Debtors' assets through the Sale Order, as well as moving forward efficiently with the solicitation of the Combined Plan in accordance with the Solicitation Procedures Order. Counsel to the Debtors: Mary F. Caloway, Esq. Richard M. Pachulski, Esq. PACHULSKI STANG ZIEHL & JONES LLP 919 North Market Street 17th Floor Wilmington, DE 19801 Tel: (302) 652-4100 Fax: (302) 652 4400 Email: mcaloway@pszjlaw.com rpachulski@pszjlaw.com - and - Gregory V. Demo, Esq. Cia H. Mackle, Esq. 1700 Broadway, 36th Floor New York, NY 10019 Tel: (212) 561-7700 Fax: (212) 561-7777 Email: gdemo@pszjlaw.com cmackle@pszjlaw.com About Avenger Flight Group Avenger Flight Group LLC provides low-cost training solutions for clients while preserving value, a high degree of quality and customer service at all times. It has tailor-made its services toward rapidly growing Low Cost Carriers (LCC) which had been neglected in many occasions by other training providers. AFG has become the preferred training center for many US and international airlines, especially LCCs. Avenger Flight Group and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bank. D. Del. Lead Case No. 26-10183) on Feb. 11, 2026. The Debtors tapped Pachulski Stang Ziehl & Jones as counsel; SierraConstellation Partners as restructuring advisors; and Seabury Aviation Partners LLC as their investment bankers. Kurtzman Carson Consultants LLC, d/b/a Verita Global, is the solicitation, claims and noticing agent. The Ad Hoc Group of 1L Lenders is being advised by Landis Rath & Cobb LLP, and Proskauer Rose LLP. The Official Committee of Unsecured Creditors retained Willkie Farr & Gallagher LLP as co-counsel, Womble Bond Dickinson (US) LLP as Delaware co-counsel, and FTI Consulting as financial advisor. AXIP ENERGY: Court Confirms Chapter 11 Plan of Liquidation ---------------------------------------------------------- Judge Christopher Lopez of the U.S. Bankruptcy Court for the Southern District of Texas approved the Disclosure Statement and confirmed the Chapter 11 Plan of Liquidation of Axip Energy Services, LP and its Affiliated Debtors. The Disclosure Statement (a) contains adequate information of a kind generally consistent with the disclosure requirements of all applicable non-bankruptcy law, (b) contains "adequate information" (as such term is defined in section 1125(a)(1) and used in section 1126(b)(2) of the Bankruptcy Code) with respect to the Debtors, the Plan, and the transactions contemplated therein, and (c) is approved on a final basis in all respects. The Plan is approved in its entirety and confirmed under section 1129 of the Bankruptcy Code. All objections to Confirmation of the Plan or approval of the Disclosure Statement and other responses, comments, statements, or reservations of rights, if any, in opposition to the Plan or Disclosure Statement that have not been withdrawn, waived, or otherwise resolved by the Debtors prior to entry of this Confirmation Order are overruled on the merits. All objections to Confirmation of the Plan or approval of the Disclosure Statement not filed and served prior to the Objection Deadline, if any, are deemed waived and shall not be considered by the Bankruptcy Court. As shared by the Troubled Company Reporter, Axip Energy Services, LP, and affiliates filed with the U.S. Bankruptcy Court for the Southern District of Texas a Combined Disclosure Statement and Plan of Liquidation dated May 6, 2026. As of the Petition Date and prior to the Closing of the 363 Asset Sale, the Company was a leading provider of natural gas compression services to upstream and midstream customers in major natural gas producing basins in the United States and offshore in the Gulf of Mexico, with a primary focus on the Permian Basin. The Company operated a network of seven facilities across Texas, New Mexico, and North Dakota to service the seven states and offshore regions in which it provides compression services. Through its network of facilities, the Company deployed approximately 940 compression units generating a total of approximately 326,070 horsepower ("HP") to provide customers with state of-the-art gas lift and gathering compression services. In early September 2025, the Debtors began the Sales Process. After evaluating all the bids, the Debtors, together with their Advisors and the Prepetition Senior Secured Parties, determined that Service Compression, LLC ("SC") had the highest, most actionable, and, therefore, best bid. It was clear, however, that SC's bid could not be implemented out-of-court and would require a process within a chapter 11 case. As a result, the Debtors determined to select SC as a stalking-horse bidder for a sale process, which the Debtors would implement through the Chapter 11 Cases to "market check" the SC bid. On March 5, 2026, the Bankruptcy Court entered the Bidding Procedures Order, approving the Debtors' Bidding Procedures to continue the Sales Process after the Petition Date and approving the designation of SC as the Stalking Horse Bidder. On April 1, 2026, after receiving no other Qualified Bid, the Debtors selected the Stalking Horse Bidder as the Winning Bidder. On April 7, 2026, the Bankruptcy Court entered the Sale Order, approving the Debtors' entry into the 363 Sale Documents and consummation of the 363 Asset Sale. The 363 Asset Sale closed on April 15, 2026. Following the closing of the 363 Asset Sale, the Net Sale Proceeds were used to irrevocably repay in full all remaining DIP Claims and irrevocably pay certain of the Prepetition ABL Claims in accordance with the Sale Order. In accordance with the Sale Order, the Post-Sale Estates retained approximately $8,600,000 in cash proceeds from the 363 Asset Sale in order to make distributions under the Combined Disclosure Statement and Plan and fund the Wind Down. On the Effective Date, the Debtors or the Plan Administrator on behalf of the Post-Sale Estates will (a) fund the Claims Reserve in the Claims Reserve Amount and (b) fund the Professional Fee Escrow Account in the Professional Fee Reserve Amount to satisfy certain estimated Claims. The Debtors or the Plan Administrator on behalf of the Post-Sale Estates will then distribute any remaining proceeds in accordance with the terms of the Combined Disclosure Statement and Plan and Confirmation Order. Class 5 consists of all General Unsecured Claims. In exchange for and in full and final satisfaction, compromise, settlement, release, and discharge of each Allowed General Unsecured Claim not assumed by the Purchaser pursuant to the 363 Asset Sale each Holder of an Allowed General Unsecured Claim not assumed by the Purchaser pursuant to the 363 Asset Sale shall receive: its (i) Pro Rata share of the GUC Recovery, payable on the Effective Date or as soon as reasonably practicable thereafter, but in no event later than 150 days following the Effective Date, or (ii) such other treatment as agreed by the Debtors and the applicable Holder of an Allowed General Unsecured Claim. For the avoidance of doubt, to the extent not waived, each Holder of an Allowed Deficiency Claim shall not be entitled to any distribution from the GUC Recovery. Further, for the avoidance of doubt, each Holder of an Allowed Prepetition Sponsor Claim shall receive the same treatment as each Holder of any other Allowed General Unsecured Claim that is not an Allowed Deficiency Claim, subject in all respects to the Agreed Prepetition Sponsor Claim Reduction. Class 5 is Impaired. The allowed unsecured claims total $1.2 million. This Class will receive a distribution of 40% of their allowed claims. Class 8 consists of all Intercompany Interests. Holders of Intercompany Interests will not receive any distribution on account of such Interests and shall be canceled, released, and extinguished as of the Effective Date, and shall be of no further force or effect. Unless otherwise specified in this Combined Disclosure Statement and Plan, all Assets (other than the Non-Vesting Assets) not sold pursuant to the 363 Asset Sale or otherwise prior to the Effective Date will vest in the Post-Sale Estates for the purpose of winding down the Estates pursuant to this Combined Disclosure Statement and Plan. A full-text copy of the Combined Disclosure Statement and Plan dated May 6, 2026 is available at https://urlcurt.com/u?l=QZ2OMC from Epiq Corporate Restructuring, LLC, claims agent. A copy of the Court's Findings of Fact, Conclusions of Law, and Order dated June 22, 2026, is available at http://urlcurt.com/u?l=DC0GKWfrom PacerMonitor.com. About Axip Energy Services Axip Energy Services, LP, is a provider of natural gas contract compression services. Axip Energy Services and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90338) on Feb. 22, 2026. In the petition signed by Ben Chesters, chief restructuring officer, Axip disclosed up to $500 million in both assets and liabilities. Judge Christopher M. Lopez oversees the case. Vinson & Elkins LLP, led by Paul E. Heath,is serving as the Debtors' counsel. Evercore Group , L.L.C., is the Debtors' investment banker, and Ankura Consulting Group, LLC, is the restructuring advisor. Epiq Corporate Restructuring, LLC, is the Debtors' claims, noticing, and solicitation agent. Pachulski Stang Ziehl & Jones LLP has been retained as counsel to the Official Committee of Unsecured Creditors. Berkeley Research Group, LLC, is the Committee's financial advisor. BALLAST DESIGN: Gets Final OK to Use Cash Collateral ---------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, entered a final order authorizing Ballast Design Build, LLC to continue using cash collateral. Under the order, the Debtor may use cash collateral through confirmation of a Chapter 11 plan, dismissal, or conversion of the case. Cash collateral may be used in accordance with the supplemental budget, with aggregate expenses permitted to exceed budgeted amounts by up to 15%, and unused budget amounts may be carried forward. The Debtor is also authorized to pay actual utility, tax, insurance, and property repair costs as necessary. The court approved the establishment of a post-petition escrow account for Subchapter V trustee fees, funded at $1,000 per month. In addition, the Debtor is authorized to make monthly adequate protection payments of $1,239.48 to the U.S. Small Business Administration beginning July 28, 2026, and continuing until plan confirmation, modification of the order, or dismissal of the bankruptcy case. As additional adequate protection, ABL RPC Residential Credit Acquisition, LLC and the U.S. Small Business Administration were granted replacement liens on post-petition assets of the same type as their prepetition collateral to the extent their interests are diminished by the Debtor's use of cash collateral. The replacement liens exclude Chapter 5 avoidance actions, and all parties retain their rights to challenge the validity, extent, priority, or enforceability of any asserted liens or claims. About Ballast Design Build LLC Ballast Design Build LLC is a limited liability corporation based in Georgia. Ballast Design Build sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-54381) on April 2, 2026. The Company listed $1 million to $10 million in assets and liabilities. Judge Barbara Ellis-Monro presides over the case. Leslie M. Pineyro, at Jones And Walden, LLC, is the Debtor's legal counsel. BEAR COMPANY: Gets OK to Hire McFarlin & Brokke PC as Accountant ---------------------------------------------------------------- Bear Company, LLC received approval from the U.S. Bankruptcy Court for the District of Nebraska to employ McFarlin & Brokke PC as its accountant. The firm will render these services: a. prepare federal and state income tax returns; b. prepare any bookkeeping entries that the Debtor finds necessary in connection with preparation of the income tax returns; and c. record any applicable depreciation entries. McFarlin has proposed to charge Debtor a fee of $2,700 for the preparation of Debtor's 2025 tax returns and all other services are on an hourly basis at $385 per hour. McFarlin is a "disinterested person" within the meaning of Sec. 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Douglas D. Morris, CPA McFarlin & Brokke PC 14400 Branch Street, Suite 501 Omaha, NE 68154 Phone: (402) 341-9441 Email: dougm@mcbrok.com About Bear Company LLC Bear Company, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Neb. Case No. 26-80083) on January 26, 2026, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Thomas L. Saladino presides over the case. Patrick Raymond Turner, Esq., at Turner Legal Group, LLC serves as the Debtor's counsel. BEELINE HOLDINGS: Nicholas Reyland Liuzza Jr Holds 22.8% Stake -------------------------------------------------------------- Nicholas Reyland Liuzza Jr. disclosed in a Schedule 13D (Amendment No. 4) filed with the U.S. Securities and Exchange Commission that as of June 17, 2026, he beneficially owns 8,157,844 shares with 8,157,844 sole voting power, 0 shared voting power, 8,157,844 sole dispositive power, and 0 shared dispositive power of Beeline Holdings, Inc.'s Common Stock, $0.0001 par value, representing 22.8% of the 32,060,466 shares of common stock outstanding as of June 15, 2026. This includes 7,901,035 shares beneficially owned directly, 33,093 shares of common stock owned by Mr. Liuzza's family members which he is thereby deemed to beneficially own and 223,716 shares owned by a family trust over which the Reporting Person exercises dispositive and voting control. The shares of common stock underlying the Warrants may be adjusted due to price protection adjustment provisions set forth in such securities and based on lower priced sales of common stock or common stock equivalents by the Company or if the Company obtains waivers to such adjustment provisions from the holders of these securities. Also gives effect to gifts which were reported on Form 4 filed on June 18, 2026. Nicholas Reyland Liuzza Jr. may be reached through: Michael Harris, Esq. 3001 PGA Blvd, Ste 305 Palm Beach Gardens, FL 33410 Tel: 561-686-3307 A full-text copy of Nicholas Reyland Liuzza Jr.'s SEC report is available at https://tinyurl.com/54r3e87c About Beeline Holdings Beeline is a technology-forward mortgage and fintech platform focused on AI-powered lending, title services, blockchain-enabled financial infrastructure, and digital real estate solutions. The Company is developing next-generation mortgage and home equity products designed to modernize the residential finance market. Boca Raton, Florida-based Salberg & Company, P.A., the Company's auditor since 2024, issued a "going concern" qualification in its report dated March 31, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has incurred recurring losses and negative cash flows from operations since its inception, has a significant working capital deficit, and is dependent on debt and equity financing. These matters raise substantial doubt about the Company's ability to continue as a going concern. As of December 31, 2025, the Company had $70.2 million in total assets, $16.6 million in total liabilities, and $53.6 million in total equity. BITCOIN DEPOT: Claims to be Paid from Asset Sale Proceeds --------------------------------------------------------- Bitcoin Depot Inc. filed with the U.S. Bankruptcy Court for the Southern District of Texas a Combined Disclosure Statement and Plan of Liquidation dated June 18, 2026. As of the Petition Date, the Company owned and operated the largest network of Bitcoin ATMs ("BTMs" or "Kiosks") across North America, which enabled customers to buy and sell Bitcoin using cash by providing one-way exchanges of cash-to-Bitcoin. The Company traces its origins to Lux Vending, LLC, a Georgia limited liability company founded by Brandon Mintz and formed on June 7, 2016; Lux was solely owned by BT Assets, Inc., which also served as Lux's sole manager. In July 2021, Lux obtained a controlling interest in BitAccess Inc, a Canadian corporation, via a business combination. In connection with their restructuring and liquidation efforts, the Debtors appointed Alex Holmes and Ivona Smith to the Restructuring Committee and appointed Ms. Smith to the investigation subcommittee thereof ("Investigation Subcommittee"). The Investigation Subcommittee is vested with authority to investigate, evaluate, and advise the Board on whether the Company holds any valuable claims or causes of action, including, without limitation, claims against current or former officers, directors, insiders, or third parties, and to make a final determination of appropriate action with respect to any such claims. The Debtors are conducting a sale process led by Hilco for the sale of substantially all of their Assets. On June 10, 2026, the Bankruptcy Court entered the Bidding Procedures Order, which approved the Bidding Procedures, the form and manner of notice of the sale, any Auction, the Sale Hearing, and the Assumption and Assignment Procedures, and authorized the Debtors to implement and modify the Bidding Procedures, subject to the Bidding Procedures Order. The Bidding Procedures Order also provides that the Debtors will not sell state money-transmitter licenses or Bitcoin ATM customer information without further Court order, except for certain Kutt or ReadyBucks customer information to the extent permitted by applicable law and the Debtors' privacy policies. Class 5 consists of all General Unsecured Claims. Each Holder of an Allowed General Unsecured Claim shall receive on the Effective Date or as soon as reasonably practicable thereafter its Pro Rata share of the Liquidation Trust Interests. Class 5 is Impaired under the Combined Disclosure Statement and Plan. Holders of Claims in Class 5 are entitled to vote to accept or reject the Combined Disclosure Statement and Plan. Class 9 consists of Equity Interests. Holders of Equity Interests will not receive any distribution or property, on account of such Interests, which will be canceled, released, and extinguished as of the Effective Date, and will be of no further force or effect. The Debtors are in the process of selling their Assets pursuant to the Bidding Procedures Order. The Debtors have also sought to abandon certain Assets in connection with the rejection of executory contracts and unexpired leases pursuant to the Rejection Procedures. Unless otherwise specified in this Combined Disclosure Statement and Plan, all Assets not sold pursuant to the Sales Process or abandoned pursuant to the Rejection Procedures Order (other than the Non-Contributed Assets) will be contributed to the Liquidation Trust as part of the Liquidation Trust Assets pursuant to this Combined Disclosure Statement and Plan. The Combined Disclosure Statement and Plan shall constitute a motion to abandon the Non-Contributed Assets. The Confirmation Order shall constitute (i) an authorization of the Bankruptcy Court to abandon the Non-Contributed Assets under section 554 of the Bankruptcy Code and (ii) an order of abandonment of the Non Contributed Assets as of the Effective Date. The Non-Contributed Assets shall not be contributed to the Liquidation Trust, and the Liquidation Trust shall have no ownership interest in the Non Contributed Assets. On or prior to the Effective Date, the Liquidation Trust shall be established in accordance with the Liquidation Trust Agreement for the purpose of liquidating the Liquidation Trust Assets, resolving all Disputed Claims, making all distributions to holders of Allowed Claims in accordance with the terms of this Combined Disclosure Statement and Plan and otherwise implementing this Combined Disclosure Statement and Plan. Except as otherwise provided in the Combined Disclosure Statement and Plan or in any contract, instrument, release, or other agreement or document created pursuant to the Plan or in the Confirmation Order, upon the Effective Date, pursuant to sections 1141(b) and (c) of the Bankruptcy Code, all Liquidation Trust Assets shall immediately, automatically, and irrevocably vest in the Liquidating Trust free and clear of all Claims, Liens, Interests, encumbrances, charges, and other interests, other than the Canadian Charges. All Claims, Liens, Interests, encumbrances, charges, and other interests (other than the Canadian Charges) shall be deemed fully released as of the Effective Date, except as otherwise provided in the Combined Disclosure Statement and Plan or the Confirmation Order. A full-text copy of the Combined Disclosure Statement and Plan dated June 18, 2026 is available at https://urlcurt.com/u?l=gXDXmd from PacerMonitor.com at no charge. Proposed Counsel to the Debtors: VINSON & ELKINS LLP Paul E. Heath, Esq. Sara Zoglman, Esq. 845 Texas Avenue, Suite 4700 Houston, Texas 77002 Tel: 713.758.2222 Fax: 713.758.2346 Email: pheath@velaw.com szoglman@velaw.com David S. Meyer, Esq. Jessica C. Peet, Esq. 1114 Avenue of the Americas, 32nd Floor New York, New York 10036 Tel: 212.237.0000 Fax: 212.237.0100 Email: dmeyer@velaw.com jpeet@velaw.com About Bitcoin Depot Inc. Bitcoin Depot, Inc. is a Delaware corporation with its principal place of business in Georgia that operates the largest cryptocurrency kiosk network in North America, claiming to operate more than 8,400 Bitcoin ATMs across the United States, Canada, and Puerto Rico. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90528) on May 18, 2026. In the petition signed by W. Alexander Holmes, director, the Debtor disclosed up to $50 million in both assets and liabilities. Paul E. Heath, Esq., at Vinson & Elkins LLP, represent the Debtor as legal counsel. BITCOIN DEPOT: Hires Shannon Lee Beatty LLP as Conflicts Counsel ---------------------------------------------------------------- Bitcoin Depot Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Shannon Lee Beatty LLP as local and conflicts counsel for the Investigation Subcommittee of the Restructuring Committee The firm will represent the Debtor in the Investigation Subcommittee of the Restructuring Committee of Bitcoin Depot Inc. effective as of June 1, 2026. The Investigation Subcommittee was vested with the authority to investigate, evaluate, and advise the Board regarding any potential claims, causes of action, or other estate assets that may exist for the benefit of the Debtors and their stakeholders, including, without limitation, potential claims or causes of action against, among others, current or former officers, directors, insiders, or third parties. The firm will be paid at these rates: Sean T. Wilson $900 per hour Other Partners $750 to $1,000 per hour Associate Attorneys $300 to $600 per hour Non-Lawyer Professionals $75 to $150 per hour In addition, the firm will seek reimbursement for its out-of-pocket expenses. Sean T. Wilson, Esq. disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Sean T. Wilson, Esq. Shannon Lee Beatty LLP 2100 Travis Street, STE 1408 Houston, TX 77002 Telephone: (713) 714-5770 Facsimile: (833) 714-5770 Email: swilson@shannonleellp.com About Bitcoin Depot Inc. Bitcoin Depot, Inc. is a Delaware corporation with its principal place of business in Georgia that operates the largest cryptocurrency kiosk network in North America, claiming to operate more than 8,400 Bitcoin ATMs across the United States, Canada, and Puerto Rico. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90528) on May 18, 2026. In the petition signed by W. Alexander Holmes, director, the Debtor disclosed up to $50 million in both assets and liabilities. Paul E. Heath, Esq., at Vinson & Elkins LLP, represent the Debtor as legal counsel. BITCOIN DEPOT: Seeks to Hire Debevoise & Plimpton LLP as Counsel ---------------------------------------------------------------- Bitcoin Depot Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Debevoise & Plimpton LLP as counsel for the Investigation Subcommittee of the Restructuring Committee. Debevoise will provide legal advice and representation to the Debtors on behalf of the Investigation Subcommittee in the investigation and evaluation of whether the Debtors hold any valuable claims or causes of action, including, without limitation, claims or causes of action against, among others, current or former officers, directors, insiders, or third parties, and advise on the Investigation Subcommittee's role in evaluating an appropriate action with respect to any viable and valuable claims. Debevoise will also provide any other legal services necessary for the Investigation Subcommittee to fulfill its mandate. Debevoise's standard hourly rates are: Partners $2,230 to 2,880 Counsel $1,870 to 2,375 Associates $980 to 1,840 Paraprofessionals $540 to 80 Debevoise is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Erica S. Weisgerber, Esq. Debevoise & Plimpton LLP 66 Hudson Boulevard New York, NY 10001 Tel: (212) 909-6998 About Bitcoin Depot Inc. Bitcoin Depot, Inc. is a Delaware corporation with its principal place of business in Georgia that operates the largest cryptocurrency kiosk network in North America, claiming to operate more than 8,400 Bitcoin ATMs across the United States, Canada, and Puerto Rico. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90528) on May 18, 2026. In the petition signed by W. Alexander Holmes, director, the Debtor disclosed up to $50 million in both assets and liabilities. Paul E. Heath, Esq., at Vinson & Elkins LLP, represent the Debtor as legal counsel. BLUE ONYX: Seeks Approval to Hire Vrakas, S.C. as Accountant ------------------------------------------------------------ Blue Onyx Systems, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Wisconsin to hire Vrakas, S.C. as accountants. The firm will prepare the Debtor's corporate income 2025 tax returns and provide accounting assistance to draft the balance sheets and income statements for the Debtor from January 2026 through July 2026. For preparation the 2025 corporate income tax returns, Vrakas requests a retainer of $5,900. To prepare the balance sheets and income statements from January 2026 through July 2026 Vrakas requests a retainer of $12,600. A total retainer of $18,500. The firm's hourly rates are: Scott Syrjala $320 Christina Binagi $275 Jeffrey Sheahan $150 As disclosed in the court filings, Vrakas, S.C. is a "disinterested person" within the meaning of Sec. 101(14) of the Bankruptcy Code as required by Sec. 327(a), and does not hold or represent an interest adverse to the Debtor's estate. The firm can be reached through: Scott Syrjala Vrakas S.C. 445 South Moorland Road, Suite 400 Brookfield, WI 53005-4254 Phone: 262.797.0400 Fax: 262.797.7895 Email: ssyrjala@vrakascpas.com About Blue Onyx Systems LLC Blue Onyx Systems, formerly known as IAS, is a New Berlin, Wisconsin-based provider of industrial automation systems, designing and integrating equipment for manufacturing environments. The company, founded by Paul Szeflinski and a KUKA System Partner since 2008, develops solutions that incorporate robotics in a majority of its systems. Its services include custom machine design, equipment upgrades, remote support, maintenance programs, and training, serving customers across industries such as consumer products, food and beverage, rubber and plastics, metal processing, and warehousing and logistics. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wis. Case No. 26-22269) on April 22, 2026, with $1 million to $10 million in assets and liabilities. Bryan Brisch, authorized representative, signed the petition. Judge G. Michael Halfenger presides over the case. Nicholas W. Kerkman, Esq. at KERKMAN & DUNN represents the Debtor as legal counsel. BLUE STONE: Gets Interim OK to Use Cash Collateral Until July 9 --------------------------------------------------------------- Blue Stone Properties, LLC received interim approval from the U.S. Bankruptcy Court for the District of New Jersey authority to use cash collateral through July 9. The court entered an interim order authorizing the Debtor to use up to $6,600 in cash collateral during the period from June 9 to July 9, subject to a 10% budget variance. The funds may be used for necessary expenses including property maintenance, administrative expenses, and mortgage payments owed to Wilmington Savings Fund Society, FSB. The Debtor's sole significant income source is rent collected from tenants at its property located in Newark, which it values at approximately $885,000. These rental income and related proceeds constitute cash collateral subject to creditor's lien. The primary secured creditor is Wilmington, which holds a mortgage on the property and has already obtained a foreclosure judgment in the amount of about $778,711. Wilmington will be granted adequate protection through replacement liens on post-petition collateral and proceeds to the same extent and priority as its pre-petition liens. Additional safeguards include monthly payments, regular financial reporting, and access to collateral. The order also provides for a carveout, requiring the Debtor to escrow $750 per month for court-approved professional fees. A final hearing is scheduled for July 9. If no objection is filed, the interim order will automatically become a final order. The order is available at http://bankrupt.com/misc/BlueStone_ICCOrder.pdf About Blue Stone Properties LLC Blue Stone Properties, LLC is a real estate holding and management company engaged in the ownership, leasing, and administration of property assets. Blue Stone Properties sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-16652) on June 9, 2026. In its petition, the Debtor reported up to $1 million in both assets and liabilities. Honorable Bankruptcy Judge Vincent F. Papalia handles the case. The Debtor is represented by John O'Boyle, Esq., at Norgaard O'Boyle. BLUE STONE: Seeks to Hire Norgaard O'Boyle & Hannon as Counsel -------------------------------------------------------------- Blue Stone Properties LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Norgaard O'Boyle & Hannon as attorneys. The firm will prepare petitions and schedules, ancillary reports, documents and motions, assist the development and proposal of a plan of reorganization, and advise the Debtors in connection with their rights and duties. The firm will be paid at these rates: Partners $400 to $425/hr Senior Associate $325/hr Associates $300/hr Paralegals $150/hr Administrative Assistants $90/hr As disclosed in the court filings, Norgaard O'Boyle & Hannon is a disinterested person under 11 U.S.C. Sec. 101(14). The firm can be reached through: John O'Boyle, Esq. Norgaard O'Boyle & Hannon 184 Grand Avenue Englewood, NJ 07631 Tel: (201) 871-1333 Email: joboyle@norgaardfirm.com About Blue Stone Properties LLC Blue Stone Properties LLC is a real estate holding and management company engaged in the ownership, leasing, and administration of property assets. Blue Stone Properties LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-16652) on June 9, 2026. In its petition, the Debtor reported estimated assets of $100,001-$1,000,000 and estimated liabilities of $100,001-$1,000,000. Honorable Bankruptcy Judge Vincent F. Papalia handles the case. The Debtor is represented by John O'Boyle, Esq. of Norgaard O'Boyle. BNL ENTERPRISES: Gets OK to Use Cash Collateral ----------------------------------------------- BNL Enterprises, Inc. received approval from the U.S. Bankruptcy Court for the Western District of Arkansas, Fayetville Division, to continue using cash collateral. Under the order, the Debtor is authorized to use cash collateral subject to the interests of First State Bank of Purdy, the secured lender. The authority to use cash collateral will remain in effect until confirmation of a Chapter 11 plan, conversion of the case to Chapter 7, or dismissal of the bankruptcy case. If the case is converted, any cash held by the Debtor at that time will continue to be treated as cash collateral for the benefit of fully secured lenders. The court approved the use of cash collateral for ordinary-course business expenses, including day-to-day operations, employee wages, utilities, insurance premiums, property taxes, bankruptcy administrative expenses, approved professional fees, and other services essential to maintaining the business. The court also retroactively approved the Debtor's use of cash collateral prior to entry of the order. Additionally, the Debtor must account for all collections and expenditures of cash collateral through monthly operating reports filed with the U.S. Trustee. About BNL Enterprises, Inc. BNL Enterprises, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Arkansas Case No. 5:26-BK-70930) on 5/13/2026. At the time of the filing, Debtor had estimated assets of between $0 to $50,000 and liabilities of between $1,000,001 to $10 million. Judge Bianca M Rucker oversees the case. Carl W. Hopkins, PA is Debtor's legal counsel. BOYLSTON CP: Commences Chapter 7 Bankruptcy in Massachusetts ------------------------------------------------------------ On June 22, 2026, Boylston CP LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of Massachusetts. According to court filings, the debtor reports between $1 million and $10 million in debt owed to 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on July 29, 2026 at 09:00 AM as a Zoom - Madoff: Zoom.us/join, Meeting ID 832 754 5215, Passcode 6078919238, Phone 1-413-440-2644. Deadline for filing government proofs of claims is December 21, 2026. About Boylston CP LLC Boylston CP LLC is a Massachusetts-based real estate holding and investment entity involved in property ownership and asset management activities. Boylston CP LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11469) on June 22, 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 E. Bostwick handles the case. The debtor is represented by Jordan L. Shapiro, Esq. of Shapiro & Hender. BRADFORD MEDIA: Hires LaDonna Mayo Service and More as Accountant ----------------------------------------------------------------- Bradford Media Group, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Arkansas to hire LaDonna Mayo Service and More LLC as accountant. The firm will prepare the Debtor's taxes and other financial statements. The accountant will charge $150 per hour for its services. Mayo Tax Service and More LLC is a "disinterested person" as the term is defined in the 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: LaDonna Mayo, MBA Mayo Tax Service and More LLC 425 W Capitol Ave Ste 1532 Little Rock, AR 72201 Phone: (501) 541-5096 About Bradford Media Group, LLC Bradford Media Group is an Arkansas-based radio broadcasting company. Bradford Media Group, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Ark. Case No.26-12199) on June 2, 2026. At the time of filing, the Debtor estimated $1,000,001 to $10 million in both assets and liabilities. Judge Richard D. Taylor presides over the case. Sheila F. Campbell, Esq. at Sheila Campbell, P.A. represents the Debtor as counsel. BRADFORD MEDIA: Hires Sheila F. Campbell as Bankruptcy Counsel -------------------------------------------------------------- Bradford Media Group, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Arkansas to hire Sheila F. Campbell, P.A. to handle its Chapter 11 proceedings. The firm will charge its standard hourly rate of $250 per hour. The Debtor has paid the filing fee of $1,800. Sheila Campbell, P.A. is a "disinterested person" as the term is defined in the 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Sheila F. Campbell, Esq. Sheila Campbell, P.A. P.O. Box 939 North Little Rock, AR 72115 Phone: (501) 372-5375 Email: campbl@sbcglobal.net About Bradford Media Group, LLC Bradford Media Group is an Arkansas-based radio broadcasting company. Bradford Media Group, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Ark. Case No.26-12199) on June 2, 2026. At the time of filing, the Debtor estimated $1,000,001 to $10 million in both assets and liabilities. Judge Richard D. Taylor presides over the case. Sheila F. Campbell, Esq. at Sheila Campbell, P.A. represents the Debtor as counsel. BREAKTHROUGH VENTURES: Wins Final Cash Collateral Access -------------------------------------------------------- The U.S. Bankruptcy Court for the District of Maryland, Greenbelt Division entered an final order authorizing Breakthrough Ventures, LLC to use cash collateral to continue operations. Under the final order, the Debtor is permitted to use cash collateral from the petition date forward for working capital, general business needs, and administrative expenses, subject to an approved budget and spending limits. The Debtor projects total operational expenses of $5,220 for July; $6,501 for August; $7,782 for September; $9,063 for October; $10,344 for November; and $11,625 for December. As adequate protection for the U.S. Small Business Administration (SBA), the court granted the agency a replacement lien on the Debtor's cash collateral and a superpriority administrative expense claim under section 507(b), but only to the extent the SBA suffers any decline in the value of its collateral. The Debtor's authority to use cash collateral is conditioned on compliance with the approved budget, including a 15% permitted variance for operating expenses unless the SBA consents otherwise. The court emphasized that these protections do not constitute a determination regarding the validity, priority, or enforceability of any prepetition lien, preserving all parties' rights to challenge such issues. The order also modifies the automatic stay to permit the granting and perfection of the SBA's adequate protection interests. The debtor's authority to use cash collateral remains subject to compliance with the approved budget and other order requirements, with specified termination events allowing the SBA to seek enforcement remedies, including relief from the automatic stay, if defaults occur. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/IMcpW from PacerMonitor.com. About Breakthrough Ventures, LLC Breakthrough Ventures, LLC operates a home health care business in Prince George's County, Maryland. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 26-10684) on January 21, 2026. In the petition signed by Melvin Sillah, manager, the Debtor disclosed up to $50,000 in assets and up to $500,000 in liabilities. Judge Lori S. Simpson oversees the case. Augustus T. Curtis, Esq., at Offit Kurman, P.A., represents the Debtor as legal counsel. BROOKS CUSTOM: Unsecureds to Get Share of Income for 3 Years ------------------------------------------------------------ Brooks Custom Application, LLC, filed with the U.S. Bankruptcy Court for the Northern District of Mississippi a Disclosure Statement describing Plan of Reorganization dated June 15, 2026. The Debtor is a limited liability company that is hired by farmers to apply fertilizer and chemicals to agricultural land to increase crop growth. The Debtor has experienced a successful business operation until 2025 when record rainfall cut the Debtor's cash flow in half. This significant decrease in cash flow forced the Debtor to seek Chapter 11 bankruptcy relief. The Debtor will continue to operate its business in the ordinary course. The Debtor intends to continue to restructure its leases and loans on its equipment to cut costs and increase cash flow. The Debtor also intends to sell off unnecessary equipment, reduce all operating expenses, and, if necessary, reduce payroll. Class 13 consists of General Unsecured Creditors. The Unsecured Creditors in this case will receive, for the three-year life of the Plan, the Debtor's net operating income which will be determined by the Debtor's gross revenues, initially, and then deducted from that will be overhead/costs of operation’ payment of Secured Claims; payment of administrative expense Claims; payment of priority Claims; and sufficient funds to carry the Debtor from the last month of each twelve month post-confirmation period to the next or two, with the resulting cash being the net operating income of the Debtor for years 1, 2, and 3 of the Plan. Upon determination of the net operating income, the Debtor will make distributions to Unsecured Creditors on a pro-rata basis 30 days after the anniversary dates of the effective date of the Plan in years 1, 2, and 3 of the post-confirmation reorganization. The equity security holders will maintain their equity security interests in the Debtor. Feasibility in farm-related cases when success for the Debtor's type of business operations is dependent on weather factors is not an easy task. At this point, the Debtor's business operations have been steady since bankruptcy filing. A full-text copy of the Disclosure Statement dated June 15, 2026 is available at https://urlcurt.com/u?l=YSvTws from PacerMonitor.com at no charge. Brooks Custom Application, LLC is represented by: Craig M. Geno, Esq. Christopher Steiskal, Esq. Law Offices of Craig M. Geno, PLLC 601 Renaissance Way, Suite A Ridgerland, MS 39157 Telephone: (601) 427-0048 Facsimile: (601) 427-0050 Email: cmgeno@cmgenolaw.com csteikal@cmgenolaw.com About Brooks Custom Application Brooks Custom Application, LLC, provides agricultural application services including liquid fertilizer and chemical treatments, lime spreading, and both fixed-rate and variable-rate applications. The family-owned Company, founded in 1969 and based in Houston, Mississippi, serves growers and ag retailers across Mississippi, Alabama, Tennessee, and Kentucky. Brooks Custom Application filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Miss. Case No. 25-13062) on September 16, 2025. At the time of filing, the Debtor listed $6,229,773 in total assets against $8,477,809 in total liabilities. The petition was signed by John Paul Brooks as managing member. Judge Selene D. Maddox presides over the case. Craig M. Geno, Esq., at LAW OFFICES OF GENO AND STEISKAL, PLLC, is the Debtor's counsel. Watkins, Ward & Stafford serves as the Debtor's accountant. CARE FOR THE ELDERLY: Taps Sher Tremonte LLP as Litigation Counsel ------------------------------------------------------------------ Care for the Elderly, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Sher Tremonte LLP as its special litigation counsel. The firm will assist the Debtor with the unlawful detainer (State Court Case No. 25STCV00704) case at this critical juncture and in connection with the high stakes trial scheduled to commence in August 2026. Sher Tremone charges $1,400 per hour for Michael Tremonte and Justin M. Sher's time, respectively, up to $1,050 per hour for any counsel, associates, contract lawyers or other lawyers at the firm, and up to $450 per hour for the firm's paralegals. Sher Tremonte has agreed to accept an initial retainer payment of $50,000 As disclosed in the court filings, Sher Tremonte does not represent or hold any interest adverse to the Debtor or to its bankruptcy estate with respect to the Debtor's proposed retention of Sher Tremonte. The firm can be reached through: Michael Tremonte, Esq. Sher Tremonte LLP 90 Broad Street, 23rd Floor New York, NY 10004 Phone: (212) 202-2603 Email: mtremonte@shertremonte.com About Care for the Elderly Inc. Care for the Elderly, Inc. specializes in services and programs for seniors, including the management of facilities and initiatives that promote health, safety, and quality of life. The company adheres to the regulations governing healthcare and elder care providers. Care for the Elderly, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10221) on January 11, 2026. In its petition, the Debtor reported estimated assets in the range of $10 million to $50 million and estimated liabilities between $1 million and $10 million. The Honorable Bankruptcy Judge Barry Russell handles the case. The Debtor is represented by Ron Bender, Esq., at Levene, Neale, Bender, Yoo & Golubchik L.L.P. Tamar Terzian is the patient care ombudsman appointed in the Debtor's case. CASA ARIZONA: Seeks to Hire My Home Group Real Estate as Broker --------------------------------------------------------------- Casa Arizona Investments LLC filed a supplemental application seeks approval from the U.S. Bankruptcy Court for the District of Arizona to employ Brady Gora of My Home Group Real Estate, LLC as real estate agent. The firm will market and sell the Debtor's property located at 26661 South Howard Drive, Sun Lakes, Arizona, 85248. The agent will receive a commission equal to two percent as seller's agent and an additional two percent if the buyer of the property is not represented by a buyer broker. Mr. Gora of My Home Group Real Estate, LLC assured the court that he and his firm are "disinterested persons" within the meaning of 11 U.S.C. 101(14). The agent can be reached through: Brady Gora My Home Group Real Estate, LLC 8360 E Raintree Dr #120 Scottsdale, AZ 85260 Office: (480) 685-2760 Cell: (480) 848-5282 Fax: (480) 736-8410 Email: bradygora@gmail.com About Casa Arizona Investments LLC Casa Arizona Investments, LLC, is a single assets real estate company. Casa Arizona Investments sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-10178) on October 24, 2025, listing estimated assets under $100,000 and estimated liabilities between $100,001 and $1 million. On Nov. 25, 2025, the case was converted to one under Chapter 11. Bankruptcy Judge Brenda K. Martin handles the case. Allan D. NewDelman, P.C., is the Debtor's legal counsel. CHARGE ENTERPRISES: Lenders, Ex-CEO Win in Liquidity Crisis Suit ---------------------------------------------------------------- Katryna Perera of Law360 Bankruptcy Authority reports that A proposed shareholder class action against executives of bankrupt EV charging infrastructure company Charge Enterprises Inc. has been narrowed after a New York federal judge dismissed several defendants and portions of the complaint. The court found that certain allegations lacked sufficient factual support to establish liability against some of the individual defendants. Despite those dismissals, the judge allowed other claims to proceed, concluding that investors had adequately alleged that certain executives may have made materially false or misleading statements concerning the company's financial performance and operational outlook. Those allegations will advance into the next phase of the litigation, the report states. The decision leaves the core investor lawsuit intact while reducing its overall scope. The remaining defendants continue to face claims arising from Charge Enterprises' bankruptcy and the alleged misrepresentations that investors say contributed to their losses, according the Law360. About Charge Enterprises Charge Enterprises, Inc. is an electrical, broadband, and electric vehicle charging infrastructure company that provides clients with end-to-end project management services, from advising, designing, engineering, acquiring, and installing equipment, to monitoring, servicing, and maintenance. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 24-10349) on March 7, 2024, with $114,368,349 in assets and $48,718,180 in liabilities. Craig Harper-Denson, authorized officer, signed the petition. The Debtor tapped Ian J. Bambrick, Esq. at FAEGRE DRINKER BIDDLE & REATH LLP as bankruptcy counsel; BERKELEY RESEARCH GROUP, LLC as financial restructuring adviser; and SQUIRE PATTON BOGGS (US) LLP as special litigation counsel. CHARLES & COLVARD: Seeks to Extend Plan Exclusivity to Aug. 31 -------------------------------------------------------------- Charles & Colvard, Ltd. asked the U.S. Bankruptcy Court for the Eastern District of North Carolina to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Aug. 31 and Oct. 28, 2026, respectively. The Debtor filed its voluntary Chapter 11 petition on March 2, 2026 (the "Petition Date"). Pursuant to Section 1121(b) of the Bankruptcy Code, the Debtor has the exclusive right to file a Plan of Reorganization through June 30, 2026. Pursuant to Section 1121(c)(3) of the Bankruptcy Code, the Debtor has through Aug. 29, 2026, to obtain acceptances to its Chapter 11 Plan. The Debtor requests that the period in which it has the exclusive right to file a Plan of Reorganization under Section 1121(b) of the Bankruptcy Code and the acceptance period under Section 1121(c)(3) of the Bankruptcy Code each be extended for a period of approximately sixty days. The Debtor explains that an order allowing the extensions as requested in this application will not prejudice any party and is in the best interests of the Estate and all parties in interest. Charles & Colvard Ltd. is represented by: Jason L. Hendren, Esq. Rebecca Redwine Grow, Esq. Benjamin E.F.B. Waller, Esq. Lydia C. Carpenter, Esq. HENDREN, REDWINE & MALONE, PLLC 4600 Marriott Drive, Suite 150 Raleigh, NC 27612 Telephone: (919) 573-1422 Facsimile: (919) 420-0475 Email: jhendren@hendrenmalone.com rredwine@hendrenmalone.com bwaller@hendrenmalone.com lcarpenter@hendrenmalone.com About Charles & Colvard Ltd. Charles & Colvard Ltd. is a jewelry manufacturer known for its lab-grown moissanite gemstones. Charles & Colvard Ltd. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-00969 on March 2, 2026. In its petition, the Debtor estimated assets and liabilities between $1 million and $10 million. Judge David M Warren oversees the case. The Debtor is represented by Rebecca Redwine Grow, and Jason L. Hendren, of Hendren Redwine & Malone, PLLC. CHICAGO HEIGHTS AYERS: Seeks Chapter 11 Bankruptcy in Illinois -------------------------------------------------------------- On June 22, 2026, Chicago Heights Ayers LLC filed for Chapter 11 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 to 49 creditors. The Chapter 11 Plan, along with the Disclosure Statement, must be submitted by October 20, 2026. About Chicago Heights Ayers LLC Chicago Heights Ayers LLC is an Illinois-based real estate holding and investment entity involved in property ownership and related asset management activities. Chicago Heights Ayers LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10378) on June 22, 2026. In its petition, the debtor reports estimated assets and liabilities each in the range of $100,001 to $1,000,000. Honorable Bankruptcy Judge Daniel R. Fine handles the case. The debtor is represented by Karen Walin, Esq. of Chicago Legal LLC. CHINO CENTRAL: Taps Investors' Property Services as Manager ----------------------------------------------------------- Chino Central Group, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ R & K Interests, Inc. dba Investors' Property Services ("IPS") as its property management company. IPS will provide the following services: 1. Property Management Services. a. As appropriate, to work with the Debtor to improve income and operations including a Competitive Market Analysis, Property Position Analysis, and rehab and capital recommendations. b. Negotiate all vendor contracts as needed. c. Establish a maintenance work order and documentation system. d. Prepare and distribute general correspondence. e. Supervise and regularly inspect all ongoing on-site building operations. f. Obtain required licenses. g. Review site level safety and security programs. h. Obtain any needed on-line processing accounts. i. Comply with local, state and federal laws and regulations. j. Provide 24-hour 365 days per year emergency phone contact. k. Collect and bank revenues and voucher and disburse all vendor invoices. l. Document operations in a detailed monthly narrative of property operations along with financial report and provide to owner and related parties. m. Provide weekly key issue status updates to manager/owner as/if requested. 2. Financial Documentation and Services. a. On a monthly basis, IPS will provide the owner with a financial statement that details the month and year to date activity in the areas of collections, disbursements, delinquencies, and receivables/payables account status. The financial package includes: -- Income & Expense Statement -- Balance Sheet -- Budget Comparison Variance Report -- General Ledger and Supporting Journals -- Check Disbursements Record -- Monthly Accounts Receivable Analysis -- Aged Delinquency Analysis -- Bank Account Reconciliation -- Bank Statement(s) b. Implement an expense documentation policy. Paid expenses will be detailed on the expense and check registers as part of the financial statement report completed each month. 3. Due Diligence and Sale Preparation. a. Assist in the compilation of a due diligence package for brokers including copies of contracts, licenses, tax bills, historical operating data, inventory, leases, and other pertinent materials for sale. b. Engage or coordinate as needed with brokers and potential purchasers. c. Engage or coordinate as needed with environmental assessment firms. d. Engage or coordinate as needed with tax appeal firms. 4. Client Relations. a. Provide takeover reports. b. Provide weekly update reports. c. Provide monthly operating reports. d. Provide rapid responses to questions or requests from asset manager. e. Establish and complete an effective system of communication between site level information and asset manager and ultimate disposition personnel. IPS will receive the following compensation: Fee Type Fee Amount/Percentage Management Fee The first 90 days will be $6,000 a month, and thereafter will be 3.75% of gross income or $4,500 a month, whichever is greater. One Time $3,000 Set-Up Fee IPS Roving $75/hour Maintenance Personnel Bookkeeping Included Services Copying & Included Postage Mileage IRS rate Leasing If needed, recommend outside broker for any vacant space. IPS will handle lease renewals as/if needed @ 2% commission or $1,000 minimum. Due Diligence $2,000 (if applicable). In the event the or Sale property is sold and IPS is tasked with Coordination Fee providing due diligence information and coordination with brokers and buyers, a sale coordination fee will be charged to compensate IPS for time required above and beyond normal property management operations. Robert C. Warren, III, president of Investors' Property Services, assured the court that he and his firm are "disinterested persons" within the meaning of Bankruptcy Code Sec. 101(14). The firm can be reached through: Robert C. Warren, III R & K Interests, Inc. dba Investors' Property Services 26300 La Alameda, Suite 240 Mission Viejo, CA 92691 Phone: (949) 900-6160 About Chino Central Group LLC Chino Central Group LLC is a single asset real estate company. Chino Central Group LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10925) on March 24, 2026, with between $10 million and $50 million in both assets and liabilities. Honorable Bankruptcy Judge Scott C. Clarkson handles the case. The Debtor is represented by Kyra E. Andrassy, Esq., at Raines Feldman Littrell, LLP. CITY HILLS: Voluntary Chapter 11 Case Summary --------------------------------------------- Debtor: City Hills Inc. 14856 Magnolia Blvd Sherman Oaks, CA 91403 Business Description: City Hills Inc. operates a gas station property with a convenience store at 709 N. Sunset Ave., West Covina, CA 91790. Chapter 11 Petition Date: June 23, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-11356 Judge: Hon. Martin R Barash Debtor's Counsel: Michael Kwasigroch, Esq. LAW OFFICES OF MICHAEL D. KWASIGROCH 1975 Royal Ave Suite 4 Simi Valley CA 93065 Tel: 805-522-1800 E-mail: attorneyforlife@aol.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Sergey Vershinin as board member. The petition was filed without the Debtor's list of its 20 largest unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/VZJW4JA/City_Hills_Inc__cacbke-26-11356__0001.0.pdf?mcid=tGE4TAMA CLEVELAND AVENUE: Seeks to Hire Butzel Long as Bankruptcy Counsel ----------------------------------------------------------------- Cleveland Avenue Cafe, Inc., dba Sirens, seeks approval from the U.S. Bankruptcy Court for the Southern District of Ohio to employ Butzel Long, a Professional Corporation as counsel. The firm's services include: a. advising the Debtor with respect to its powers and duties in the continued management and operation of its business and property; b. preparing, filing and prosecuting the Debtor's bankruptcy schedules, statements of financial affairs and motions; c. defending various matters pending in this case, including motions for relief from the stay and a show cause initiated by the Office of the United States Trustee; d. administering the case and overseeing the Debtor's affairs, including all issues arising from or impacting the Debtor or the case; e. preparing legal papers; f. preparing, filing and defending objections to various motions, claims, and actions by creditors and parties-in-interest; g. preparing, if necessary, adversary proceedings to determine the validity, extent and priority of asserted security interests and liens on the Debtor's assets, and prosecuting Chapter 5 causes of action; h. appearing telephonically or in court for hearings or meetings; i. communicating or negotiating with creditors, any creditors' committee appointed in the case, and other parties in interest; j. preparing and prosecuting a Chapter 11 plan and disclosure statement; and k. performing all other necessary legal services. Butzel Long will be paid at these rates: Max Newman, Shareholder $475 per hour Heather Daviau, Paralegal $205 per hour In addition, the firm will receive reimbursement for its out-of-pocket expenses. The firm received a retainer of $40,000. As disclosed in court filings, the members and associates of Butzel Long are "disinterested persons" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: Max J. Newman, Esq. Butzel Long, a Professional Corporation Stoneridge West 41000 Woodward Avenue Bloomfield Hills, MI 48304 Tel: (248) 258-1616 Email: newman@butzel.com About Cleveland Avenue Cafe, Inc. dba Sirens Cleveland Avenue Cafe Inc. operates as a food-service business in Ohio, offering cafe-style meals and beverage options. Its menu features coffee, tea, pastries, light fare, and other staples aimed at serving local customers, commuters, and surrounding businesses. Cleveland Avenue Cafe Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ohio Case No. 25-55028) on November 13, 2025. In its petition, the Debtor reports estimated assets between $100,001 and $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Tiffany Strelow Cobb handles the case. The Debtor is represented by William B. Fecher, Esq. of Statman, Harris & Eyrich, LLC. CN HOLDINGS: Gets Final OK to Use Cash Collateral Until Sept. 12 ---------------------------------------------------------------- CN Holdings, LLC received final approval from the U.S. Bankruptcy Court for the District of Utah to use cash collateral. Under the order, the Debtor may continue using cash collateral, including proceeds from inventory sales, through September 12 in accordance with its supplemental budget. Compliance is maintained provided aggregate expenditures and ending cash balances do not vary by more than 10% from budgeted amounts. As adequate protection, secured creditors and other lienholders with interests in the cash collateral were granted continuing replacement liens on the Debtor's inventory. The replacement liens retain the same priority, collateral coverage, and extent as the creditors' prepetition security interests. The order does not prejudice the rights of any party in interest to challenge the validity, priority, amount, or collateral scope of any asserted security interest. The order became effective immediately upon entry, and the court retained jurisdiction over matters related to its implementation. If CN HOLDINGS seeks authority to use cash collateral beyond September 12, it must file updated financial disclosures and a revised budget sufficiently in advance of that date to obtain further court approval. About CN Holdings LLC CN Holdings, LLC, doing business as Firehouse Subs of SE Idaho and Utah, operates Firehouse Subs restaurants as a franchisee, a fast-casual chain specializing in submarine sandwiches that serves hot subs prepared with meats and cheeses across North America. The company was formed through the merger of 2C Inferno LLC, 4C&N, LLC, and Ignacious Endeavors, LLC on Jan. 23, 2026. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 26-21555) on March 23, 2026, with $0 to $50,000 in assets and $1 million to $10 million in liabilities. Christopher Morris, manager, signed the petition. Judge Michael F. Thomson presides over the case. Brian M. Rothschild, Esq. at PARSONS BEHLE & LATIMER represents the Debtor as legal counsel. COACHELLA MANAGEMENT: Hires RHM Law LLP as Bankruptcy Counsel ------------------------------------------------------------- Coachella Management Partners LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire RHM Law LLP as its general bankruptcy counsel. The firm will render these services: a. advice and assistance regarding compliance with the requirements of the United States Trustee (UST); b. advice regarding matters of bankruptcy law, including the rights and remedies of the Debtor in regard to its assets and with respect to the claims of creditors; c. advice regarding cash collateral matters; d. conduct examinations of witnesses, claimants or adverse parties and to prepare and assist in the preparation of reports, accounts and pleadings; e. advice concerning the requirements of the Bankruptcy Code and applicable rules; f. assist with the negotiation, formulation, confirmation and implementation of a Chapter 11 plan of reorganization; g. make any appearances in the Bankruptcy Court on behalf of the Debtor; and h. take such other action and to perform such other services as the Debtor may require. The firm will be paid a retainer in the amount of $26,738. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Roksana D. Moradi-Brovia, Esq., a partner at RHM Law LLP, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Roksana D. Moradi-Brovia, Esq. RHM Law LLP 17609 Ventura Blvd., Suite 314 Encino, CA 91316 Telephone: (818) 285-0100 Facsimile: (818) 855-7013 Email: roksana@RHMFirm.com About Coachella Management Partners LLC Coachella Management Partners LLC is a limited liability company engaged in management and business operations in California. Coachella Management Partners LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-11012) on May 11, 2026. In its petition, the Debtor reported estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Victoria S. Kaufman handles the case. The Debtor is represented by Matthew D. Resnik, Esq. of RHM Law LLP. COLLIERCOUNT LLC: Unsecureds to Get Share of Income for 36 Months ----------------------------------------------------------------- Colliercount, LLC filed with the U.S. Bankruptcy Court for the Middle District of Florida a Plan of Reorganization for Small Business dated June 16, 2026. The Debtor began experiencing significant financial difficulties in 2025 with a reduction of revenues. The revenue loss was exacerbated by the loss of customers which were lost due to the negligence of a sales representative and also for other reasons, including a change of ownership of some customers and change of personnel at the customer's site for other customers. Due to the difficulties, Debtor fell behind on its payments. A lawsuit was filed against Debtor in the state courts of Arizona by Credibly of Arizona, LLC. The Debtor also became embroiled in litigation with Plantaxions, Inc. in Collier County, Florida. After an unsuccessful hybrid mediation/arbitration in the Plantaxions suit, a hearing for summary judgment was scheduled for March 23, 2026. The combined factors made this Chapter 11 filing necessary. The petition for relief was filed under Chapter 11 was filed on March 20, 2026. Distributions to unsecured creditors under the Plan will commence on the Distribution Date. The final Plan payment is expected to be paid on or about August 1, 2029. This Plan proposes to pay the creditors of the Debtor from the future income of the Debtor. This Plan provides for three classes of secured claims; one class of priority unsecured claims; one class of unsecured non-priority claims; and one class for the equity interests of the Debtor. Non-priority unsecured creditors holding allowed claims will receive distributions from the Debtor's net cash flow from operations over the life of the Plan. This Plan also provides for the payment of administrative and priority claims in full. Class 3 consists of Non-Priority Unsecured Claims. Holders of allowed unsecured claims against the Debtor shall receive a pro rata share of a fund created by payment of its projected disposable income from operations for 36 months, with the first monthly payment commencing on the Distribution Date. Pro-rata means the entire amount of the fund divided by the entire amount owed to creditors with allowed claims in this class. The total amount of the claims in this class is expected to be between $1,000,000.00 to $1.2 million. The projected disposable income from operations during the 36-month payment period is projected to fluctuate between a range of $1,000.00 a month to $1,500.00 a month depending on the net cash flow of the Debtor and, therefore, the monthly payments will range from $1,000 a month to $1,500.00 a month. All Class 4 interests, upon the effective date, shall be modified so as to deprive the holders thereof of any rights in respect of the Debtor to any distribution upon liquidation of the corporation, or upon sale of all or substantially all the Debtor's assets, and shall be further modified to provide that no dividends shall be paid by reason of such equity interests. Such modification or limitation of equity interests shall remain effective until such time as all the payments contemplated to be made by the terms of the Plan have been made, at which time such modification or limitations shall be removed, and the holders of Class 4 interests shall retain in full such interests without further limitation or restriction. The Debtor shall retain all of its property and operate its business, and the funds necessary for the satisfaction of creditors' claims shall be paid from cash on hand, from the future income of the Debtor, or from the sale of any of Debtor's assets as may be practical and necessary in order to make the payments required by the Plan. Except as otherwise provided in the Plan, on and after the Effective Date, all assets of the estate or the Debtor shall vest in the Debtor free and clear of all claims, liens, interests or other encumbrances. On and after the Effective Date, the Debtor may operate its business and may use, acquire and dispose of assets and compromise or settle any claims and causes of actions without supervision of or approval of the Bankruptcy Court and free and clear of any restrictions of the Bankruptcy Code or Rules, other than restrictions expressly imposed by the Plan or the Confirmation Order. A full-text copy of the Plan of Reorganization dated June 16, 2026 is available at https://urlcurt.com/u?l=fSSLhh from PacerMonitor.com at no charge. Counsel to the Debtor: Benjamin G. Martin, Esq. 3131 S. Tamiami Trail, Suite 101 Sarasota, Florida 34239 (941) 951-6166 Email: skipmartin@verizon.net About CollierCount LLC CollierCount, LLC, doing business as U.S. Lawns of Naples, operates as a franchisee of U.S. Lawns, providing commercial landscaping and grounds maintenance services in Naples, Florida, and surrounding Collier County communities, including Vineyards, Immokalee, and Lely Resort. It offers turf maintenance, landscape improvements, irrigation and water management, landscape renovation, tree care, hardscape installation and maintenance, pest control, fertilization, and snow and ice management for commercial properties. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00613) on March 20, 2026, with up to $50,000 in assets and $1 million to $10 million in liabilities. Joe Titone, manager, signed the petition. Judge Luis Ernesto Rivera II presides over the case. Benjamin G. Martin, Esq., at the Law Offices of Benjamin Martin represents the Debtor as bankruptcy counsel. CONEXION GANADERA: Chapter 15 Case Summary ------------------------------------------ Lead Debtor: Conexion Ganadera Ltda. Batlle y Ordonez 511 Florida, Uruguay Business Description: Conexion Ganadera Ltda. operates a Uruguayan livestock investment and cattle-consignment business based in Florida, Uruguay, with related entities including meat processor Bamidal S.A., livestock company Hernandarias XIII S.A.G.R.L. and the estate of co-founder Gustavo Basso Pallares. Chapter 15 Petition Date: June 16, 2026 Court: United States Bankruptcy Court Southern District of Florida Four affiliates that concurrently filed voluntary petitions for relief under Chapter 15 of the Bankruptcy Code: Debtor Case No. ------ -------- Conexion Ganadera Ltda. (Lead Case) 26-17836 Bamidal S.A. 26-17838 Hernandarias XIII S.A.G.R.L. 26-17840 Herencia of Gustavo Basso Pallares 26-17843 Judge: Hon. Scott M Grossman Foreign Proceeding: First Instance Bankruptcy Court of the First Division of Uruguay Foreign Representative: Alfredo Ciavattone Misiones 1537, Piso 3 Montevideo, Uruguay Foreign Representative's Counsel: Arnoldo B. Lacayo, Esq. SEQUOR LAW P.A. 1111 Brickell Ave Suite 1250 Miami FL 33131 Tel: (305) 372-8282 E-mail: alacayo@sequorlaw.com Estimated Assets: Unknown Estimated Debt: Unknown A full-text copy of the Lead Debtor's Chapter 15 petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HP4HPOI/Conexion_Ganadera_Ltda__flsbke-26-17836__0001.0.pdf?mcid=tGE4TAMA COOPER STREET SPE: Initiates Chapter 11 Bankruptcy in Texas ----------------------------------------------------------- On June 22, 2026, Cooper Street SPE LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Texas. According to court filings, the debtor reports between $10 million and $50 million in debt owed to 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on July 27, 2026 at 08:30 AM by TELEPHONE. Deadline for Government Proof of Claim filings is December 21, 2026. About Cooper Street SPE LLC Cooper Street SPE LLC is a Texas-based special purpose entity formed to hold and manage real estate assets and related investments. Cooper Street SPE LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42706) on June 22, 2026. In its petition, the debtor reports estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Mark X. Mullin handles the case. The debtor is represented by Robert Thomas DeMarco, Esq. CORE & MAIN: S&P Rates Proposed Senior Unsecured Notes 'B+' ----------------------------------------------------------- S&P Global Ratings assigned its 'B+' issue-level rating and '6' recovery rating to Core & Main L.P.'s proposed $750 million senior unsecured notes due 2034. The '6' recovery rating reflects its expectation for negligible (0%-10%; rounded estimate: 0%) recovery for lenders in the event of a default. The company intends to use proceeds from the notes--along with the proceeds from its previously announced $800 million term loan B due 2033--to refinance its $1.5 billion term loan due 2028 ($1.23 billion outstanding). It will use the remaining cash to pay transaction fees and expenses and put cash on the balance sheet for general corporate purposes. S&P's 'BB' issuer credit rating and stable outlook on Core & Main are unchanged. Issue Ratings--Recovery Analysis Key analytical factors -- Core & Main's pro forma capital structure comprises a $1.25 billion asset-based lending (ABL) facility due in 2031 (not rated), $950 million first-lien term loan B due 2031 ($930 million outstanding), proposed $800 million first-lien term loan B due 2033, and proposed $750 million senior unsecured notes due 2034. -- S&P said, "The '3' recovery ratings on the term loans indicate our expectation for meaningful (50%-70%; rounded estimate: 65%) recovery in the event of a payment default. The '6' recovery rating on the unsecured debt indicates our expectation for negligible (0%-10%; rounded estimate: 0%) recovery in the event of a default." -- S&P's simulated default considers a protracted economic downturn that reduces U.S. housing and commercial construction. It also assumes a pullback in investment in water infrastructure spending by municipalities because of decreased tax revenue. -- S&P assesses the company's recovery prospects using a going-concern approach. -- S&P said, "We base our enterprise value on an emergence EBITDA estimate of about $328 million and a 6x EBITDA multiple. This multiple is at the higher end of the range relative to those we use for other building materials distributors, which reflects strong customer relationships (intangible assets) that are hard to replicate. We also consider Core & Main's leading market share in underground water products." Simulated default assumptions -- Year of default: 2030 -- ABL draw at default: 60% -- EBITDA at emergence: $328 million -- Implied enterprise valuation (EV) multiple: 6x -- Gross EV: $1.97 billion Simplified waterfall -- Net EV (after 5% administrative costs): $1.87 billion -- Priority claims: $765 million -- Remaining collateral value available to first-lien debt: $1.11 billion -- First-lien claims: $1.67 billion --Recovery expectations: 50%-70% (rounded estimate: 65%) -- Unsecured claims: $773 million --Recovery expectations: 0%-10% (rounded estimate: 0%) CP ATLAS BUYER: S&P Alters Outlook to Negative, Affirms 'CCC+' ICR ------------------------------------------------------------------ S&P Global Ratings revised its outlook on CP Atlas Buyer Inc. (doing business as American Bath Group; ABG) to negative from stable and affirmed all the ratings, including the 'CCC+' issuer credit rating. The negative outlook reflects S&P's expectation that leverage will remain elevated near 10x, with negative free operating cash flow (FOCF) over the next year amid ongoing end-market softness. ABG's credit metrics will remain under pressure due to prolonged subdued new construction rates and remodel and repair (R&R) activity. This continues to hinder the company's S&P Global Ratings-adjusted debt to EBITDA, which was above 10x on a rolling-12-month (RTM) basis as of April 4, 2026. S&P expects new construction rates and R&R activity to remain soft through the first half of fiscal-year 2027, with the possibility of improvement in the second half of fiscal 2027. Over the next 12 months, S&P expects ABG's leverage to remain elevated near 10x. S&P believes soft demand will keep leverage near 10x through fiscal 2026. The company's revenue increased 7.4% during the first three months of fiscal 2026 (ended April 4, 2026) compared to the same period in fiscal 2025 because of incremental revenue from acquisitions. Excluding the effect of the acquisitions, sales volumes declined nearly 4% amid the persistently weak R&R and new housing construction markets. The lower volumes also impacted ABG's credit metrics. As of the RTM ended April 4, 2026, the company's S&P Global Ratings-adjusted leverage was 10.3x, and its EBITDA interest coverage was 0.8x compared with 10.8x and 1.1x, respectively, for the same period in 2025. S&P expects market softness will persist through at least the first half of fiscal 2027. S&P said, "We consider ABG's liquidity to be less than adequate. While we expect FOCF deficits over the next few quarters, the company doesn't face near-term debt maturities, and its liquidity sources will be more than 1.6x its uses over the next 12 months. As of April 4, it had $48.8 million in cash on hand and $142.7 million available under its revolving credit facility. Nonetheless, if revenue and EBITDA decline more than we anticipate over the next few quarters, this could expand FOCF deficits and increase ABG's dependence on its revolving credit facility, which could impair its liquidity." Further EBITDA declines could also lead to significant covenant pressure, leaving ABG relying primarily on cash to service debt. The negative outlook reflects S&P's expectation that ABG's leverage will remain elevated near 10x, with negative FOCF over the next year amid ongoing softness in the company's end markets. S&P could lower the rating over the next 12 months if: -- S&P envisions a default or distressed exchange in the next 12 months; -- The company breaches any of its financial covenants; or -- Liquidity weakens due to FOCF deficits or reduced access to its revolving credit facilities. S&P could revise the outlook back to stable over the next 12 months if ABG: -- Materially improves its operating performance such that EBITDA and earnings increase, leverage is sustained below 10x, and EBITDA interest coverage remains more than 1x; and -- Maintains adequate liquidity and a sufficient cushion relative to its financial covenants. CRESCENT CITY MEAT: $61K Unsecured Claims to Recover 100% --------------------------------------------------------- Crescent City Meat Co Inc. submitted a First Amended Plan of Reorganization under Subchapter V dated June 17, 2026. The Plan proposes to pay creditors of the Debtor from the Debtor's future disposable income. The Liquidation Analysis reveals that in a Chapter 7 unsecured creditors would receive a pro rata portion of $4,642.00. In this Case, the Debtor will pay the Convenience Class Unsecured Creditors in full and reinstate the original loan contracts with General Unsecured Creditor Home Bank. Class 4 consists of Convenience Class of General Unsecured Claims with Claims of Less than $20,000.00. The Convenience Class creditors consist of general unsecured claimants with claims totaling less than $20,000.00. This includes Proof of Claim No. 1 of the Ford deficiency for $9,050.00; the TD Auto deficiency claim of $4,206.00; the LDR unsecured Proof of Claim No. 2 for $1,843.00; Euler Hermes Claim No. 11 for $3,744.00, the American Express Claim No. 13 for $12,056.00 and the IRS unsecured claim of $15,645.00 (Proof of Claim No. 14). Additionally, the Debtor listed as undisputed three creditors with claims totaling $14,187.00, which creditors did not file proofs of claim.3 The total Claimants in this Class are $60,731.00. The Class 4 Claimants shall be paid 100% of outstanding claims (for a total dollar distribution of $60,731.00) in two equal lump sum payments made within the first 24 months of the Plan. The First Payment of $30,365.50 will be made 12 months after the Effective Date from the Debtor's disposable income. The Second Lump Sum Payment will be made in Plan month 24 for $30,365.50 from the Debtor's disposable income. Debtor will act as its own disbursement agent. Class 5 consists of General Unsecured Claims With Claims Exceeding $20,000.00 (Home Bank Secured Claim). This Class consists of the four commercial unsecured Proofs of Claim filed in this case by Home Bank, which claims total $1,027,047.04. Home Bank has a cross-collateralized interest in the meat processing plant (the "Plant") and the Hanford's personal residence (the "Home"). The Plant and the Home are owned individually by the Hanfords, although the Debtor is the borrower on the commercial loans. As to the four commercial loans secured by the Plant and/or upon which the Home was pledged as security for commercial loans to Crescent City Meat, these four loans shall be rolled into a single obligation and Home Bank shall be entitled to add interest to the loan balance by virtue of its oversecured status. As such, Home Bank shall be treated as fully secured with a loan balance in this case of $1,136,132.97. (the "New Home Bank Loan"). The New Home Bank Loan in the amount of $1,136,132.97, shall bear interest at the annual rate of 7.00% and shall be payable in six monthly installments of $8,000.00 followed by thirty monthly installments of $12,000.00. The first monthly installment shall be paid 15 days after the Plan Effective Date and monthly payments shall continue on the same date of each succeeding month thereafter for a total of 36 payments. The New Home Bank Loan shall remain cross-collateralized with the Plant and the Debtor's Home. The Debtor's Home will be paid separately by the Hanfords in their personal Plan and nothing set forth herein proposes to change the terms of the Home Bank Home Loan (the "Home Bank Home Loan"). Upon information and belief, the Home Bank Home Loan is current and the Hanfords shall keep the Home Bank Home Loan current as provided in their Personal Plan. This Plan will be funded by the post-petition disposable income earned by the Debtor. Funds held by the Debtor in its DIP account will be used to satisfy outstanding Administrative Expenses. Debtor estimates that the balance in the Debtor in Possession Operating account will be sufficient at the Plan Confirmation Hearing to satisfy all Administrative Expense Claims. A full-text copy of the First Amended Plan dated June 17, 2026 is available at https://urlcurt.com/u?l=B6Hsjl from PacerMonitor.com at no charge. Counsel for the Debtor: Robin R. De Leo, Esq. The De Leo Law Firm, LLC 800 Ramon St. Mandeville, LA 70448 Tel: (985) 727-1664 Fax: (985) 727-4388 E-mail: lisa@northshoreattorney.com About Crescent City Meat Co Inc. Crescent City Meat Co Inc. is a meat processing company based in Metairie, Louisiana, specializing in Cajun-style sausages and boudin. The Company offers products made from pork, crawfish, shrimp, and alligator, and operates under USDA inspection. Founded in 1985, it serves retail and wholesale customers in the region. Crescent City Meat Co Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 25-11178) on June 10, 2025. In its petition, the Debtor reported total assets of $1,993,006 and total liabilities of $1,479,338. The Debtors are represented by Robin R. De Leo, Esq. at THE DE LEO LAW FIRM, LLC. CTCHGC LLC: Final Hearing to Use Cash Collateral Set for June 30 ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Western District of Texas, Austin Division, is set to hold a hearing on June 30 to consider final approval of CTCHGC, LLC's motion to use cash collateral. The Debtor on June 11 filed the motion for continued access to cash collateral to fund operations while its Chapter 11 Subchapter V case proceeds. The request followed an earlier court order entered on April 6, which permitted the Debtor to use cash collateral through May 31. The Debtor requested continuation of that authority for the period June 1 through July 31 in accordance with a newly prepared budget. The budget reflects projected operating income primarily from retail sales, alongside expected expenses such as payroll, rent, insurance, utilities, inventory purchases, contractor payments, lease obligations, Subchapter V trustee fees, and various business service contracts. The budget shows that after accounting for operating expenses and debt-related costs, the business expects to maintain a positive ending cash balance, indicating ongoing viability during the proposed extension period. A copy of the motion is available at https://urlcurt.com/u?l=NZr4qY from PacerMonitor.com. About CTCHGC LLC CTCHGC, LLC, a Texas-based company, sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-12029) on December 23, 2025. In its petition, the Debtor reported assets of between $100,001 and $1 million and liabilities of between $1 million and $10 million. The case is assigned to Honorable Bankruptcy Judge Shad M. Robinson. The Debtor is represented by Stephen W. Sather, Esq., of Barron & Newburger, PC. DALTONBRIELLA LLC: Hires Bryan K. Mickle as Bankruptcy Counsel -------------------------------------------------------------- DaltonBriella, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Bryan K. Mickler as attorney. The firm will represent the Debtor in the bankruptcy proceeding and perform all legal services for the Debtor which may be necessary. The firm will be paid at these rates: Bryan K. Mickler $300 to 400 per hour In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Mickler disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Bryan K. Mickler 5452 Arlington Expressway Jacksonville, FL 32211 Tel: (904) 725-0822 Fax: (904) 725-0855 Email: bkmickler@planlaw.com About DaltonBriella LLC DaltonBriella, LLC owns residential condominium properties in coastal South Carolina, including units in Murrells Inlet and Myrtle Beach. Its real estate holdings include properties on North Waccamaw Drive, South Kings Highway, 69th Avenue North and Shore Drive. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02564) on June 5, 2026, with $1,299,731 in assets and $984,800 in liabilities. Kiley A. Webber, authorized managing member, signed the petition. Judge Jason A. Burgess presides over the case. Bryan K. Mickler, Esq., at the Law Offices of Mickler & Mickler, LLP represents the Debtor as legal counsel. DC CABLE: Seeks Approval to Employ Jerrilee M. Harvey as Accountant ------------------------------------------------------------------- DC Cable & Telecommunications seeks approval from the U.S. Bankruptcy Court for the Western District of New York to employ Jerrilee M. Harvey, EA of GLN Tax & Payroll to serve as accountant. Mr. Harvey will provide these services: (a) reviewing the Debtor's historical financial records and supporting documentation; (b) preparing cash flow projections and financial forecasts; (c) assisting in the preparation of budgets and operating projections; (d) preparing financial analyses necessary for the Chapter 11 reorganization process; (e) assisting the Debtor and legal counsel with financial reporting requirements and other bankruptcy-related matters; and (f) providing accounting consultation and recommendations regarding the Debtor's proposed plan of reorganization. Mr. Harvey will receive compensation at the rate of $225 per hour, plus reimbursement of reasonable and necessary out-of-pocket expenses, subject to Court approval. GLN Tax & Payroll and Jerrilee M. Harvey represent that they are disinterested persons within the meaning of the Bankruptcy Code and do not hold or represent any interest adverse to the Debtor's estate. The accountant can be reached at: Jerrilee M. Harvey, EA GLN Tax & Payroll 221 W Church Street Elmira, NY 14901 Telephone: (607) 271-9591 E-mail: Jerrilee-gln@stny.rr.com About DC Cable & Telecommunications DC Cable & Telecommunications, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.Y. Case No. 26-20130) on Feb. 27, 2026, with $1,197,217 in assets and $1,993,374 in liabilities. Donald G. Crouch, chief executive officer, signed the petition. Judge Carl L. Bucki oversees the case. The Debtor tapped Charles E. Andersen, Esq., as counsel. DENTISTAR PC: Seeks to Tap Schneider & Stone as Bankruptcy Counsel ------------------------------------------------------------------ Dentistar, P.C. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire The Law Offices of Schneider & Stone to handle the bankruptcy proceedings. The attorneys will charge $500 per hour for its services and paralegal time will be billed out at $175 per hour. The firm received an initial advanced fee retainer of $4,000 by Sam Shin. As disclosed in the court filings, Schneider & Stone is a "disinterested person" as defined in 11 U.S.C. Section 101(14). The firm can be reached through: Ben Schneider, Esq. SCHNEIDER & STONE 8424 Skokie Blvd., Suite 200 Skokie, IL 60077 Phone: (847) 933-0300 Email: ben@windycitylawgroup.com About Dentistar P.C. Dentistar, P.C. is a dental practice located in Glenview, Illinois. Founded in 2013, the practice provides general, cosmetic, pediatric, orthodontic, implant, denture, and emergency dental services. Its offerings include exams, cleanings, X-rays, treatment planning, veneers, tooth whitening, braces, retainers, pain relief, broken tooth care, and denture repair. Dentistar filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-07914) on May 6, 2026, with up to $50,000 in assets and up to $10 million in liabilities. Sam Shin, president of Dentistar, signed the petition. Judge Daniel R. Fine oversees the case. Ben Schneider, Esq., at The Law Offices of Schneider & Stone, represents the Debtor as bankruptcy counsel. Ira Bodenstein serves as Subchapter V trustee for the Debtor. DIOCESE OF BURLINGTON: Court OKs Sale South Burlington HQ in Ch. 11 ------------------------------------------------------------------- Derek Brouwer of Vermont Public reports that the Roman Catholic Diocese of Burlington is moving forward with the sale of its South Burlington headquarters after a bankruptcy judge approved a $3.13 million transaction with Northeast Territories LLC. The sale forms part of the diocese's Chapter 11 restructuring efforts aimed at resolving numerous clergy sexual abuse claims. Church operations will relocate to St. Michael's College next month, with the transition scheduled for mid-July. Under the relocation plan, most administrative staff will move to St. Joseph Hall in Colchester, while some employees will continue working from St. John Vianney Parish in South Burlington. The diocese has implemented several cost-reduction initiatives during the bankruptcy, including reduced employee hours and limited office operations, and previously sold a Rutland property for $1 million, the report states. Court filings state that the proceeds from the headquarters sale will be used to pay bankruptcy-related expenses. The Chapter 11 case has accumulated more than $2 million in legal fees as the diocese works toward a reorganization plan that would compensate over 100 individuals who filed sexual abuse claims. The treatment of parish assets remains one of the central issues in the bankruptcy proceedings. While the diocese disclosed roughly $35 million in assets upon filing, parish properties were excluded because they had been transferred into separate trusts years earlier. Creditors argue those transfers improperly shielded valuable assets from abuse claimants, making the issue a major obstacle to confirming a reorganization plan, according to report. About Roman Catholic Diocese of Burlington Vermont The Roman Catholic Diocese of Burlington sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Vt. Case No. 24-10205) on Sept. 30, 2024. In the petition signed by Reverend John Joseph McDermott, bishop, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Judge Heather Z. Cooper oversees the case. The Debtor tapped James Baillie, Esq., at Fredrikson & Byron, PA as bankruptcy counsel and Obuchowski Law Office as local counsel. DIRECT PLUMBING: Court Extends Cash Collateral Access to Sept. 12 ----------------------------------------------------------------- Direct Plumbing & Drains, Inc. received final approval from the U.S. Bankruptcy Court for the Central District of California, Riverside Division, to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral through Sept. 12 to pay ordinary expenses based on the court-approved budget, subject to a 10% variance per line items. Secured creditors will be granted adequate protection from any diminution in the value of their collateral through replacement liens on the Debtor's post-petition property, maintaining the same validity, priority and extent as their pre-petition liens. The Debtor's primary secured creditor is Steven Weatherly, who holds a first-priority secured claim of about $287,405 from a 2024 stock redemption, perfected by a UCC-1 filing. Although Fig/Clearview-CVFG, Revenued, Forward/Shore Funding, and Stripe Capital are owed approximately $118,000, $35,000, $112,500, and $31,408, respectively, their claims are treated as unsecured because Mr. Weatherly's senior lien fully exhausts the available collateral. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/av6ZN from PacerMonitor.com. Direct Plumbing & Drains filed for Chapter 11 on Jan. 21 after mounting financial pressures from unpaid payroll taxes, high-interest merchant financing, and debt incurred to redeem a former shareholder's stock. It is working with counsel to complete its bankruptcy filings and plans to submit a reorganization plan and disclosure statement. About Direct Plumbing & Drains Inc. Direct Plumbing & Drains Inc. provides residential and commercial plumbing services, including general plumbing, leak detection and repair, fixture and pipe repairs, drain and sewer services, and water heater and boiler work. The family-owned company operates across California, serving areas such as San Diego, Riverside, Carlsbad, Temecula, Murrieta, Escondido, Moreno Valley, Fallbrook, Menifee, and Wildomar. Direct Plumbing & Drains sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10402) on January 21, 2026, with assets of up to $50,000 and liabilities of between $1 million and $10 million. Jerald Garcia II, president of Direct Plumbing & Drains, signed the petition. Judge Scott H. Yun oversees the case. The Debtor tapped Robert B Rosenstein, Esq., at Rosenstein & Associates as legal counsel and Reconciled Chaos Inc., doing business as ThinkForward Bookkeeping Services, as accountant. DRIVESMART SYSTEMS: Gets Final OK to Use Cash Collateral -------------------------------------------------------- DriveSmart Systems, Inc. received final approval from the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, to use cash collateral to fund its operations. Under the final order, the Debtor is authorized to use cash collateral based on a court-approved budget from June 17 until further hearing and ruling. The Debtor's cash collateral is derived primarily from revenues that may be subject to pre-petition security interest held by the U.S. Small Business Administration. To the extent it has a valid security interest, the SBA will be granted a replacement lien on post-petition property similar to its pre-petition collateral. The replacement lien does not apply to proceeds of Chapter 5 avoidance actions. In addition, the SBA will receive regular monthly loan payments from the Debtor starting next month under the terms of their existing loan agreement. The Debtor is required under the final order to fund deposits for the Subchapter V trustee's compensation as provided in the budget. The order preserves all parties' rights to challenge the validity, extent, or priority of any asserted liens and permits either the Debtor or the SBA to seek future modifications. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/oKuZz from PacerMonitor.com. About DriveSmart Systems Inc. DriveSmart Systems, Inc. operates a driving school in Georgia providing state-approved behind-the-wheel and classroom driver education services. DriveSmart Systems filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-55833) on May 4, 2026, with assets of up to $500,000 and liabilities of up to $10 million. Steven Jones, chief executive officer of DriveSmart Systems, signed the petition. Judge Paul Baisier oversees the case. Will Geer, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. ECHOSTAR CORP: DBS Cures $183M Interest Default Within Grace Period ------------------------------------------------------------------- EchoStar Corporation announced in a regulatory filing that its subsidiary, DISH DBS Corporation, notified the trustees for the 5.25% secured notes due 2026, 5.75% secured notes due 2028 and 5.125% unsecured notes due 2029 issued by DBS, that DBS made the scheduled interest payments originally due on June 1, 2026, including interest on such amount. Such payments were made on June 18, 2026, within the applicable 30-day grace periods to make such interest payments before such non-payments would constitute an Event of Default (as defined in the relevant indentures governing such notes). As previously disclosed, EchoStar elected not to make the interest payments on the due date to defer liquidity utilization pending the receipt of net closing proceeds of $20.25 billion from the AT&T Transactions (as defined in EchoStar's SEC filings). The AT&T Transactions have received regulatory approvals from both the Federal Communications Commission (FCC) and the Department of Justice (DOJ); however, the FCC's approval remains subject to the FCC's order becoming final. No applications for review or petitions for reconsideration of the FCC approval order were filed by the deadline. Consummation of the AT&T Transactions remains subject to the satisfaction or waiver of certain other closing conditions as described in EchoStar's Current Report on Form 8-K filed on August 26, 2025. Although the AT&T Transactions have not closed, and it is possible that such closing could be delayed, DBS has determined that it should in good faith cure the non-payment defaults under the indentures by making the interest payments. About EchoStar Corporation EchoStar Corporation (Nasdaq: SATS) -- www.echostar.com -- is a provider of technology, networking services, television entertainment, and connectivity, offering consumer, enterprise, operator, and government solutions worldwide under its EchoStar, Boost Mobile, Boost Infinite, Sling TV, DISH TV, Hughes, HughesNet, HughesON, and JUPITER brands. In Europe, EchoStar operates under its EchoStar Mobile Limited subsidiary, and in Australia, the Company operates as EchoStar Global Australia. As of March 31, 2026, the Company had $41.38 billion in total assets and $35.7 billion in total liabilities, and total stockholders' equity of $5.68 billion. * * * In Sept. 2025, S&P Global Ratings placed its 'CCC+' Company credit rating on Echostar Corp. and all subsidiaries on CreditWatch with positive implications. S&P also placed the issue-level ratings on Echostar and all its subsidiaries' secured and unsecured debt on CreditWatch with positive implications. S&P plans to resolve the CreditWatch following close of the transaction, expected in mid-2026 EEW AMERICAN: Seeks to Hire Archer & Greiner as Special Counsel --------------------------------------------------------------- EEW American Offshore Structures Inc. and EEW AOS Paulsboro Urban Renewal, LLC, seek approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Archer & Greiner, P.C. as special counsel in the adversary proceeding. On the Petition Date, the Debtors initiated an adversary proceeding by removing the Sublease Litigation to this Court (the adversary proceeding). The firm will represent the Debtor in the adversary proceeding. Archer's current hourly rates range from $135 to $335 for paralegals and up to $900 for Archer's most senior partners. The current hourly rates for the Archer attorneys and paralegals are: David A. Weinstein $675 Jonathan P. Rardin $525 Debra S. Rosen $705 Douglas G. Leney $575 Associates $325 to $425 Paralegals $135 to $355 Archer & Greiner is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Douglas G. Leney, Esq. ARCHER & GREINER, P.C. 1025 Laurel Oak Road Voorhees, NJ 08043 Telephone: (856) 795-2121 Facsimile: (856) 795-0574 Email: dleney@archerlaw.com About EEW American Offshore Structures Inc. EEW American Offshore Structures Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 26-13901-JNP) on April 8, 2026. In the petition signed by Tom Pratt, chief restructuring officer, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Jerrold N. Poslusny, Jr. oversees the case. Brett S. Theisen, Esq., at Connell Foley LLP, represents the Debtor as legal counsel. DiScho Vermogensverwaltung GmbH & Co. KG, as DIP Lender, is represented by: Ericka F. Johnson, Esq. Daniel N. Brogan, Esq. Steven D. Adler, Esq. BAYARD, P.A. 600 N. King Street, Suite 400 Wilmington, DE 19801 Telephone: (302) 655-5000 E-mail: ejohnson@bayardlaw.com dbrogan@bayardlaw.com sadler@bayardlaw.com EFFICIENT IRRIGATION: Wins Interim Cash Collateral Access --------------------------------------------------------- Efficient Irrigation Systems, LLC received interim approval from the U.S. Bankruptcy Court for the Eastern District of Texas, Sherman Division to use cash collateral. The order authorized the Debtor to use cash collateral in accordance with its approved 30-day budget, permitting expenditures of up to 110% of individual budget line items so long as total monthly spending does not exceed 110% of the overall budget. The Debtor projects total operational expenses of $115,165. Creditors identified in the Debtor's UCC filings reserved all rights regarding the characterization and validity of their claims, while the Debtor preserved its right to challenge any asserted secured status. As adequate protection, creditors listed in the prior motion were granted replacement liens on post-petition cash collateral and after-acquired property to the same extent and priority as any valid prepetition liens, excluding Chapter 5 avoidance actions. The court also approved a carve-out for bankruptcy administration expenses, including court fees, U.S. Trustee fees, Subchapter V trustee fees, and court-approved professional fees, including those of Debtor's counsel. The order further authorized customers to remit payments directly to the Debtor without liability to third parties and provides for immediate effectiveness upon entry. A further hearing is scheduled for July 8 to determine whether the cash collateral authorization should be continued, modified, or terminated. About Efficient Irrigation Systems, LLC Efficient Irrigation Systems, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Texas Case No. 26-42078) on June 16, 2026, with $100,001 to $500,000 in assets and $1,000,001 to $10 million in liabilities. The Debtor is represented by: Robert C. Lane, Esq. The Lane Law Firm PLLC Tel: 713-595-8200 Email: notifications@lanelaw.com EL DORADO GAS: Hood & Bolen Granted $37K in Admin Expenses ---------------------------------------------------------- Judge Jamie A. Wilson of the U.S. Bankruptcy Court for the Southern District of Mississippi granted the sixth interim application for compensation and reimbursement of necessary expenses filed by the law firm of Hood & Bolen, PLLC, attorneys for El Dorado Gas & Oil, Inc.'s Chapter 11 trustee. The law firm of Hood & Bolen has filed four fee statements for this period and has been paid fees subject to the 20% holdback totaling $29,144.00 plus expenses of $1,257.94. The law firm of Hood & Bolen is currently owed the 20% holdback amount of $7,286.00. This is the sixth interim request for allowance of compensation for professional services rendered and expenses incurred in this proceeding. This request covers the period from January 1, 2026, through and including April 30, 2026, and is for the sum of $36,430.00 in compensation and expenses of $1,257.94 for a total award request of $37,687.94. The Court finds the services rendered to the Chapter 11 trustee by the law firm represent substantial services. The services rendered and expenses incurred benefitted the estates and the trustee. Accordingly, Hood & Bolen is awarded an administrative expense pursuant to 11 U. S. C. Secs. 503(b)(4) and 507(a)(1) for interim compensation and expenses in the total amount of $37,687.94. The Chapter 11 Trustee, Dawn Ragan, is authorized to pay the 20% holdback amount of $7,286.00 as funds become available in the ordinary course. A copy of the Court's Order dated June 23, 2026, is available at http://urlcurt.com/u?l=9sREDFfrom PacerMonitor.com. Attorneys for Dawn Ragan, Chapter 11 Trustee: R. MICHAEL BOLEN, Esq. HOOD & BOLEN, PLLC 3770 HWY. 80 WEST JACKSON, MI 39209 Tel: (601)923-0788 Email: rmb@hoodbolen.com About El Dorado Gas & Oil Inc. and Hugoton Operating Company Hugoton and El Dorado are both Arkansas corporations engaged in the exploration, production, and development of crude oil and natural gas properties. El Dorado is a lease holder and operator of oil and gas wells covering about 4,000 net acres in South Texas. El Dorado also owns a substantial amount of oil field equipment and owns real estate in multiple locations and states. Hugoton also owns oil and gas interests and operates wells in South Texas. Hugoton Operating Company, Inc. filed a voluntary Chapter 11 petition (Bankr. S.D. Miss. Case No. 23-51139) on Aug. 14, 2023. El Dorado Gas & Oil, Inc., a company in Gulfport, Miss., filed Chapter 11 petition (Bankr. S.D. Miss. Case No. 23-51715) on Dec. 22, 2023, with $500 million to $1 billion in assets and $50 million to $100 million in liabilities. Thomas L. Swarek, president, signed the petition. Judge Jamie A. Wilson oversees the cases. Patrick Sheehan, Esq., at Sheehan & Ramsey, PLLC, is counsel to Debtor Bluestone Natural Resources II-South Texas, LLC and World Aircraft, Inc. R. Michael Bolen, Esq., at Hood & Bolen, PLLC; and Nancy Ribaudo, Esq., Katherine Hopkins, Esq., and Joseph Austin, Esq., at Kelly Hart & Hallman LLP, serve as counsel to Dawn Ragan, Chapter 11 Trustee for El Dorado Gas & Oil, Inc. and Hugoton Operating Company, Inc. ELITE PROJECT: Gets Final OK to Use Cash Collateral --------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, entered a final order authorizing Elite Project Management, LLC to use cash collateral. Under the order, the debtor may continue using cash collateral in accordance with its approved budget, subject to a 10% variance, generated from its operations while pursuing its Chapter 11 restructuring. As adequate protection, the MCA lenders -- Redwood Business Loans LLC, LG Funding LLC, W Funding Group LLC, Headway Capital, LLC, and Fiji SPV LLC -- were granted replacement liens on the debtor's equipment, inventory, and accounts to the extent of any diminution in value of their collateral. The replacement liens maintain the same validity and priority as the lenders' prepetition liens but exclude bankruptcy avoidance actions and their proceeds. The liens are also subordinate to an approved carve-out for professional fees, U.S. Trustee fees, Subchapter V trustee fees, and court fees. The order preserves the rights of the debtor and other parties in interest to challenge the validity, priority, or enforceability of the lenders' asserted liens and security interests at a later stage of the case. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/YpMBB from PacerMonitor.com. About Elite Project Management LLC Elite Project Management LLC is a Texas-based company engaged in project management and business support services for commercial and operational projects. Elite Project Management sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 26-42193) on May 19, 2026. In its petition, the Debtor reported up to $50,000 in assets and between $1 million and $10 million in liabilities. Honorable Bankruptcy Judge Mark X. Mullin handles the case. The Debtor is represented by Robert Thomas DeMarco, Esq. ENDLESS SUMMER: Taps Geno and Steiskal PLLC as Bankruptcy Counsel ----------------------------------------------------------------- Endless Summer Real Estate & Investments LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Mississippi to hire the Law Offices of Geno and Steiskal, PLLC to serve as legal counsel. The firm will provide these services: (a) advise and consult with the Debtor-in-Possession regarding questions arising from certain contract negotiations which will occur during the operation of business by the Debtor-in-Possession; (b) evaluate and attack claims of various creditors who may assert security interests in the assets and who may seek to disturb the continued operation of the business; (c) appear in, prosecute, or defend suits and proceedings, and to take all necessary and proper steps and other matters and things involved in or connected with the affairs of the estate of the Debtor; (d) represent the Debtor in court hearings and to assist in the preparation of contracts, reports, accounts, petitions, applications, orders and other papers and documents as may be necessary in this proceeding; (e) advise and consult with Debtor in connection with any reorganization plan which may be proposed in this proceeding and any matters concerning Debtor which arise out of or follow the acceptance or consummation of such reorganization or its rejection; and (f) perform such other legal services on behalf of Debtor as they become necessary in this proceeding. The Law Firm will be compensated at these hourly rates: Craig M. Geno $500 plus expenses Christopher J. Steiskal, Sr. $425 plus expenses Paralegals $275 plus expenses The Debtor has paid a retainer of $15,000, which includes the $1,738 filing fee, less pre-petition time, to be applied to fees and expenses in this case. The Law Offices of Geno and Steiskal, PLLC is a "disinterested person" and represents no interests adverse to the Debtor or its estate, according to court filings. The firm can be reached at: Craig M. Geno, Esq. Christopher J. Steiskal, Sr., Esq. LAW OFFICES OF GENO AND STEISKAL, PLLC 601 Renaissance Way, Suite A Ridgeland, MS 39157 Telephone: (601) 427-0048 Facsimile: (601) 427-0050 E-mail: cmgeno@cmgenolaw.com csteiskal@cmgenolaw.com About Endless Summer Real Estate & Investments LLC Endless Summer Real Estate & Investments is a privately held company that holds and rents out real estate properties. Endless Summer Real Estate & Investments sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Missi. Case No. 26-01509) on May 29, 2026. In the petition signed by Steven T. Johnson as managing member, the Debtor disclosed estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Judge Jamie A. Wilson presides over the case. Craig M. Geno, Esq. at LAW OFFICES OF GENO AND STEISKAL, PLLC, represents the Debtor as legal counsel. ENY EQUITY: Seeks to Hire Goetz Platzer as Bankruptcy Counsel ------------------------------------------------------------- ENY Equity, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Goetz Platzer, LLP as its counsel. The firm will render these services: a. assist and advise the Debtor regarding the administration of this case; b. represent the Debtor before the Court and advise the Debtor of pending litigation, hearings, motions, and of the decisions of the Court; c. assist and analyze all applications, orders, and motions filed with the Court by third parties in this case and advise the Debtor; d. attend all hearings conducted pursuant to § 341(a) of the Bankruptcy Code and represent the Debtor at all examinations; e. communicate with creditors; f. assist the Debtor in preparing applications and orders in support of positions taken by the Debtor, as well as prepare witnesses and review documents in this regard; g. confer with any accountants, brokers, special counsel, and consultants retained by the Debtor and/or any other party-in-interest; h. assist the Debtor in their negotiations with creditors or third parties concerning the terms of any proposed plan(s) of reorganization; i. prepare and draft plan(s) of reorganization; and j. assist the Debtor in performing such other services as may be in the interest of the Debtor and perform all other services required by the Debtor. The firm's current standard hourly rates are: Partners $625 to $800 Associates $270 to $700 Paralegals $300 Goetz Platzer, LLP is a "disinterested person" as the term is defined in Sec. 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Gary M. Kushner, Esq. Goetz Platzer, LLP 1325 Avenue of the Americas, 14th Floor New York, NY 10019 Telephone: (212) 695-8100 Email: gkushner@goetzplatzer.com About ENY Equity, LLC ENY Equity, LLC is a real estate company that owns a two-story building designed as a hotel with 113 rooms, alongside a separate 10,000-square-foot commercial space located in Deland, Florida. The combined property is valued at $3 million. ENY Equity, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-40658) on February 6, 2026, listing $3,000,000 in assets and $1,131,353 in liabilities. The petition was signed by Eldad Cohen as manager. Judge Jil Mazer-Marino presides over the case. Gary Kushner, Esq. at GOETZ PLATZER LLP serves as the Debtor's counsel. ESSENTIAL INVESTMENT: Hires Butler McDonald as Bankruptcy Counsel ----------------------------------------------------------------- Essential Investment Properties, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to hire the law firm of Butler McDonald as counsel. The firm will provide legal services such as discussing non-bankruptcy options, negotiations with the major creditors in order to avoid the expense of bankruptcy, alternatives within bankruptcy, review of financial documentation, review of contracts, legal aspects of security agreements and interests, hourly consultations, and preparation of bankruptcy schedules. The firm's rates are: Attorneys $400 per hour Paralegal $150 per hour The law firm of Butler McDonald has the pre-petition retainer of $2,500. Mark R. Ladd, Esq., an attorney at Butler MacDonald, 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: Mark R. Ladd, Esq. Butler MacDonald 2450 Severn Ave., Ste. 400 Metairie, LA 70001 Phone: (504) 285-5440 Email: mladd@bmcdlaw.com About Essential Investment Properties LLC Essential Investment Properties, LLC is a real estate investment and property management company engaged in acquiring, managing, and operating investment properties. Essential Investment Properties sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11234) on May 21, 2026. In its petition, the Debtor listed $1 million to $10 million in assets and unknown liabilities. Honorable Bankruptcy Judge Meredith S. Grabill handles the case. The Debtor is represented by Mark Ladd, Esq., at Butler McDonald. EURO EXCHANGE: Chapter 15 Case Summary -------------------------------------- Chapter 15 Debtor: Euro Exchange Securities UK Limited 107 Great Portland Street London W1W 6QG United Kingdom Business Description: Euro Exchange Securities UK Limited is an authorized electronic money institution that provides currency exchange, payment services, and electronic money services, enabling customers to transmit funds electronically across countries and currencies. Incorporated in England and Wales on October 25, 2007, it is registered at 107 Great Portland Street, London, United Kingdom. The company is licensed by and subject to supervision by the Financial Conduct Authority. Chapter 15 Petition Date: June 4, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-42754 Judge: Hon. Elizabeth S Stong Foreign Representatives: Duncan Perring and James Bennett 11 Pilgrim Street London EC4V 6RN United Kingdom Foreign Proceeding: High Court of Justice, Business and Property Courts of England and Wales Foreign Representatives' Counsel: Christopher K. Kiplok, Esq. HUGHES HUBBARD & REED LLP One Battery Park Plaza New York, NY 10004 Tel: (212) 837-6000 Email: chris.kiplok@hugheshubbard.com Estimated Assets: Unknown Estimated Debt: Unknown A full-text copy of the Chapter 15 petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/SYVPUFI/Euro_Exchange_Securities_UK_Limited__nyebke-26-42754__0001.0.pdf?mcid=tGE4TAMA FAB LAW: Gets Interim OK to Use Cash Collateral Until July 21 ------------------------------------------------------------- The FAB Law Firm, LLC received another extension from the U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, to use cash collateral. At the recently held hearing, the court approved the Debtor's interim use of cash collateral through July 21 and scheduled a further hearing for that date. The Debtor was initially allowed to utilize its cash collateral to pay operating expenses under the court's June 17 interim order. The Debtor's budget projects total operating expenses of $37,566 for July, $39,166 for August, $39,166 for September, $39,881 for October, and $39,466 for November. The interim order granted adequate protection to any secured creditor claiming an interest in the cash collateral through replacement liens on post-petition cash collateral, with the same validity, priority, extent, and enforceability as its pre-petition lien. Secured creditors asserting interests in the cash collateral include Northeast Bank (serviced by Newity LLC), Cadence Bank, and Byzfunder, LLC. These creditors have filed or are beneficiaries of UCC-1 financing statements encumbering the Debtor's assets. Northeast Bank and Byzfunder assert secured claims of $224,146.10 and $71,645.41, respectively. Meanwhile, the amount of Cadence Bank's claim is unknown. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/OTni3 from PacerMonitor.com. About The FAB Law Firm LLC The FAB Law Firm, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-03695) on May 19, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Hon. Lori V. Vaughan oversees the case. The Debtor is represented by: Chad T. Van Horn, Esq. Van Horn Law Group PA Tel: 954-637-0000 Email: chad@cvhlawgroup.com FCI SAND: Court OKs Mine Assets Sale to GrayStreet Credit --------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, has granted FCI Sand Operations LLC and its affiliates, to sell substantially all Assets, free and clear of liens, claims, interests, and encumbrances. Together, the Debtors own and operate two frac-sand mines and plants in the Eagle Ford Shale region of Texas. They hold rights to mine thousands of acres for sand, as well as owning a significant acreage of land themselves. Among their strategic advantages are the quality of their processed sand and their proximity to fracking sites, especially as the cost of diesel fuel has grown and continues to grow. Their north plant is substantially new, with a daily capacity of finished frac sand of upwards of 5,000 tons, and potentially more. They purchased their south plant, which does not having sand washing facilities, but can otherwise dry mined sand with a daily capacity of thousands of tons more. The Debtors filed the Bankruptcy Case because the Senior Lender declared a default and the Debtors had no funds available to complete the improvements to the north plant, which was only then coming on-line. Together, the Debtors and the Estates own various assets and categories of assets, including real property, improvements, mineral leases, equipment, machinery, contracts, and accounts receivable, a general and non-exclusive listing. Overview of the Assets can be found at https://urlcurt.com/u?l=QrnXol The Court found that there is no just reason for delay in the implementation of the Sale Order. The Sale of the Purchased Assets as contemplated by the Joint Agreement is approved for the reasons in the Sale Order. The Court has authorized the Debtor to sell the Assets to GrayStreet Credit, LLC The Buyer is a good faith purchaser of the Purchased Assets and is hereby granted and is entitled to all of the protections provided to a good faith purchaser. The Sellers are authorized to assume and assign the Assigned Contracts to the Buyer, effective upon and subject to the occurrence of the Closing, free and clear of all Interests of any kind or nature whatsoever. The Buyer has provided adequate assurance of its future performance under each Assigned Contract. The Purchase Price provided by the Buyer for the Purchased Assets pursuant to the Joint Agreement: constitutes reasonably fair and equivalent value and consideration under the Bankruptcy Code and any Uniform Fraudulent Transfer or Conveyance Act. About FCI Sand Operations LLC FCI Sand Operations, LLC is a sand mining and processing company based in Marble Falls, Texas. FCI Sand Operations and FCI South, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case No. 25-80481) on July 30, 2025. In its petition, FCI Sand Operations reported between $100 million and $500 million in assets and liabilities. Judge Michelle V. Larson oversees the cases. The Debtors are represented by Davor Rukavina, Esq. at Munsch Hardt opf & Harr, P.C. GrayStreet Credit, as DIP lender, is represented by David L. Curry, Jr., Esq. and Edward A. Clarkson, III, Esq. of Okin Adams Bartlett Curry, LLP. FLOAT ALASKA: Updates Unsecureds & Mechanics Lienholder Claims -------------------------------------------------------------- FLOAT Alaska LLC, submitted a Second Amended Combined Disclosure Statement and Chapter 11 Plan dated June 17, 2026. The Debtors propose the following Combined Disclosure Statement and Plan for the reorganization of Debtor NPA and liquidation of the Debtors' assets remaining after the sales of substantially all the Debtors' assets, and distribution of the proceeds of the remaining assets to the Holders of Allowed Claims against the Debtors. Through the Debtors' post-petition sale process, Owners Jet was designated as the successful bidder for the equity in NPA, the Debtor that holds the Reorganization Assets. Confirmation of the Plan will effectuate the transfer of the Reorganization Assets to the Plan Sponsor. For the avoidance of doubt, the Plan Sponsor is not an insider of any Debtor under section 101(31) of the Bankruptcy Code. The Plan Sponsor will make the Plan Sponsor Contribution in exchange for 100% of the equity of Reorganized NPA, and Reorganized NPA will receive a discharge of all Claims against it on the Effective Date, except as expressly stated otherwise in the Plan, the Plan Documents or the Confirmation Order. The Reorganization Assets will vest in Reorganized NPA free and clear of all Liens, Claims, encumbrances and interests. On the Effective Date, a Liquidating Trust will be established, and the Debtors' assets other than any remaining equity interest of any Debtors in NPA will vest in the Liquidating Trust as the Liquidating Trust Assets. The Liquidating Trust Assets will comprise, among other things, the Domain Name, the Trust Administration Reserve, Causes of Action, and any other remaining assets of the Debtors as of the Effective Date. The Liquidating Trustee will pursue or settle Causes of Action and liquidate any remaining assets in his, her or its discretion. The Liquidating Trustee will also administer and object to or settle claims against the Debtors, as appropriate, and make distributions to Holders of Allowed Claims. Pursuant to an agreement among the DIP Lender, the Committee and the Debtors, certain proceeds from the Sales which constitute the DIP Lender's or Prepetition Lender's collateral will be used to pay certain administrative expenses of the Estates that are in excess of the initial DIP Term Loan commitment under the Approved Budget (as defined in the Final DIP Order). In exchange, Jones Holding will receive under this Plan an Exit Note to be issued by the Liquidating Trust on the Effective Date and secured by a first priority security interest in the Liquidating Trust Assets, which shall be repaid from first dollars into the Liquidating Trust from the monetization of the Liquidating Trust Assets (other than the Trust Administration Reserve). The Debtors, the DIP Lender and the Committee have agreed to modify the Committee DIP Resolution in accordance with the terms of this Second Amended Plan to, among other things, permit the use of Sale proceeds that constitute the DIP Lender's cash collateral to fund certain Administrative Expenses that exceeded the amounts set forth in the Approved Budget in the Final DIP Order by making the Unfunded DIP Term Loans available to the Debtors with such cash collateral. Class 4 consists of Mechanics Lienholder Claims. Except to the extent that a Holder of an Allowed Class 4 Claim agrees to less favorable treatment, each Holder of an Allowed Class 4 Claim shall receive (i) on or as soon as reasonably practicable after the later of (y) the Effective Date or (z) the date such Claim becomes an Allowed Class 4 Claim, , in full and final satisfaction, compromise, settlement, release, and discharge of and in exchange for such Class 4 Claim, cash equal to the Secured Claim portion of the Allowed Class 4 Claim and (ii) its Pro Rata Share of 100% of the General Unsecured Claim Trust Interests (i.e., Pro Rata on a combined dollar for dollar basis with the Holders of Allowed Class 6 Claims). Class 5 consists of Convenience Claims. Each Holder of an Allowed Convenience Claim shall receive payment in Cash equal to 15% of such Allowed Convenience Claim on the Effective Date or as soon thereafter as reasonably practicable. Class 5 initially shall consist of all General Unsecured Claims that total $5,000 or less. Payment to Class 5 is in lieu of any treatment as a Holder of a Class 6 Claim. Any unsecured creditor with a General Unsecured Claim that is above $5,000 electing treatment as a Convenience Claim must affirmatively do so on its Class 6 Ballot. Class 6 consists of General Unsecured Claims. Except to the extent that a Holder of an Allowed General Unsecured Claim agrees to less favorable treatment, on the Effective Date, subject to the Committee DIP Resolution, each Holder shall receive its Pro Rata Share of the General Unsecured Claim Trust Interests (i.e. Pro Rata on a combined dollar for dollar basis with the Holders of Allowed Class 4 Claims). The allowed unsecured claims total $76 million to $98 million. This Class will receive a distribution of 1.1% to 11.2% of their allowed claims. On the Effective Date, the Liquidating Trust shall issue the Exit Note to the DIP Lender in a principal amount equal to the Exit Note Principal. The Exit Note shall accrue interest at a rate of ten percent per annum, payable in kind, which interest shall be capitalized and added to the outstanding principal balance on a monthly basis. The Exit Note and related documentation shall be filed with the Court as part of the Plan Supplement and be in a form reasonably acceptable to the DIP Lender, the Debtors and the Committee. On or substantially contemporaneously with the Effective Date, the Liquidating Trust Agreement, the form and substance of which shall be reasonably acceptable to the Committee, the Debtors, and the DIP Lender, shall be executed, and all other necessary steps shall be taken to establish the Liquidating Trust to hold the Liquidating Trust Assets, which shall be for the benefit of the Liquidating Trust Beneficiaries. Section 10.4 of this Plan sets forth certain rights, duties, and obligations of the Liquidating Trustee. In the event of any conflict between the terms of section 10.4 of this Plan and the terms of the Liquidating Trust Agreement, unless otherwise specified in this Plan, the terms of the Plan shall govern. A full-text copy of the Second Amended Disclosure Statement dated June 17, 2026 is available at https://urlcurt.com/u?l=42MNPA from PacerMonitor.com at no charge. Counsel to the Debtors: Paige N. Topper, Esq. Nicholas Smargiass, Esq. SAUL EWING LLP 1201 North Market Street Suite 2300 Wilmington, DE 19801-1125 Tel: 302-421-6800 Email: paige.topper@saul.com nicholas.smargiassi@saul.com - and - Zev M. Shechtman, Esq. 1888 Century Park East, Suite 1500 Los Angeles, CA 90067 Phone: (310) 255-6100 Email: zev.shechtman@saul.com About FLOAT Alaska LLC FLOAT Alaska LLC is the parent company of New Pacific Airlines and Ravn Alaska. The entity was formed in July 2020 and is engaged in aviation industry ventures that historically included scheduled air service, charter operations and regional connectivity in Alaska and beyond. FLOAT Alaska LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10075) on January 26, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Craig T. Goldblatt handles the case. The Debtor is represented by Paige Noelle Topper, Esq. of Saul Ewing LLP. FLUENT INC: All Eight Key Proposals Passed at Annual Meeting ------------------------------------------------------------ Fluent, Inc. has announced in a regulatory filing, the results of its 2026 Annual Meeting of Stockholders. The total number of shares represented in person or by proxy at the Annual Meeting was 24,933,091 of the 29,815,712 shares of the Company's common stock outstanding and entitled to vote at the Annual Meeting as of the April 23, 2026 record date. The following matters were voted upon at the Annual Meeting: PROPOSAL 1: The election of seven directors to serve for a one year term until the 2027 Annual Meeting of Stockholders or until their successors are duly elected and qualified: 1. Matthew Conlin * For: 20,931,274 * Against: 165,863 * Abstain: 5,841 * Broker Non-Vote: 3,830,113 2. James P. Geygan * For: 20,983,760 * Against: 112,050 * Abstain: 7,168 * Broker Non-Vote: 3,830,113 3. David A. Graff * For: 20,983,013 * Against: 112,798 * Abstain: 7,167 * Broker Non-Vote: 3,830,113 4. Barbara Shattuck Kohn * For: 20,932,208 * Against: 164,936 * Abstain: 5,834 * Broker Non-Vote: 3,830,113 5. Donald Mathis * For: 20,986,508 * Against: 110,671 * Abstain: 5,799 * Broker Non-Vote: 3,830,113 6. Richard Pfenniger, Jr. * For: 20,931,540 * Against: 164,233 * Abstain: 7,205 * Broker Non-Vote: 3,830,113 PROPOSAL 2: The approval, on an advisory basis, of the 2025 Compensation of the Company's named executive officers (Say-on-Pay): * For: 20,724,713 * Against: 369,203 * Abstain: 9,062 * Broker Non-Vote: 3,830,113 PROPOSAL 3: The ratification of the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the year ending December 31, 2026: * For: 24,642,074 * Against: 257,660 * Abstain: 33,357 PROPOSAL 4: The approval, or purposes of complying with Nasdaq Listing Rules 5635(b) and 5635(c), pre-funded warrants issued pursuant to those certain securities purchase agreements dated as of May 15, 2025 to certain of the Company's directors and/or officers and any shares of the Company's common stock issuable upon exercise thereof: * For: 20,976,577 * Against: 120,411 * Abstain: 5,990 * Broker Non-Vote: 3,830,113 PROPOSAL 5: The approval, for purposes of complying with Nasdaq Listing Rules 5635(b) and 5635(c), pre-funded warrants issued pursuant to those certain securities purchase agreements dated as of August 19, 2025 to certain of the Company's directors and/or officers and any shares of the Company's common stock issuable upon exercise thereof: * For: 20,976,658 * Against: 120,326 * Abstain: 5,994 * Broker Non-Vote: 3,830,113 PROPOSAL 6: The approval of an Amended and Restated Certificate of Incorporation to provide for exculpation of officers as permitted by recent amendments to Delaware law: * For: 20,923,709 * Against: 173,436 * Abstain: 5,833 * Broker Non-Vote: 3,830,113 PROPOSAL 7: The approval of an amendment to the Fluent, Inc. 2022 Omnibus Equity Incentive Plan to increase the number of shares of common stock reserved thereunder to 5,566,666 shares from 3,666,666 shares: * For: 19,728,486 * Against: 1,365,509 * Abstain: 8,983 * Broker Non-Vote: 3,830,113 PROPOSAL 8: The approval of an adjournment of the Annual Meeting, if necessary or advisable, to solicit additional proxies in favor of any of the foregoing proposals if there are not sufficient votes to approve any such proposals: * For: 24,084,952 * Against: 758,043 * Abstain: 90,096 About Fluent Inc. Fluent, Inc. -- https://www.fluentco.com -- provides commerce media solutions that connect brands with consumers through customer acquisition and digital marketing campaigns. The Company utilizes proprietary machine learning, first-party data, and diverse ad inventory across partner ecosystems and owned sites. Headquartered in the U.S., Fluent has operated in the performance marketing sector since 2010. New York, New York-based Grant Thornton LLP, the Company's auditor since 2025, issued a "going concern" qualification in its report dated March 31, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has incurred historical losses, and is dependent on availability under an Accounts Receivable Finance Agreement. These conditions, along with other matters, raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $72.3 million in total assets, $59 million in total liabilities, and $13.3 million in total stockholders' equity. FLUTTER ENTERTAINMENT: Moody's Alters Outlook on Ba1 CFR to Neg. ---------------------------------------------------------------- Moody's Ratings has affirmed the Ba1 corporate family rating and Ba1-PD probability of default rating of global gaming operator Flutter Entertainment plc (Flutter, the company). Concurrently, Moody's have affirmed the existing instrument ratings of its financing subsidiaries. The outlook on all entities has changed to negative from stable. RATINGS RATIONALE The factors driving the rating action are: -- Flutter's elevated leverage through the twelve months ended March 31, 2026, well in excess of both Moody's rating guidance and the company-defined target. This is the result of debt-funded transformational M&A concurrently with sizeable shareholder remuneration in 2025; -- Limited prospects for meaningful organic de-leveraging in 2026 because higher UK taxes, restructuring and integration costs, along with EBITDA losses from FanDuel Predicts depress this year's Moody's-adjusted EBITDA; -- Moody's views that Flutter's Moody's-adjusted gross debt/EBITDA may not improve to levels commensurate with Moody's rating guidance by the end of 2027, considering the company's limited track record of operating consistently within its publicly stated leverage guidance. Social and governance considerations also contribute to the rating action. Firstly, Moody's expects that substantial UK tax rises will reduce Flutter's UK earnings and constrain the company's engagement with customers as a result of a planned reduction in marketing spending and other operating expenses implemented to safeguard profitability. Secondly, Flutter's history of operating consistently above its net leverage targets constrains the company's ability to accommodate underperformance at the current rating level, while its recent history of revisions to full-year guidance casts uncertainty around the pace of future de-leveraging. The Ba1 CFR continues to be supported by Flutter's: leading global scale and top-tier positions across regulated online betting and gaming markets, with a particularly strong presence in the US; focus on the structurally faster-growing and more profitable online segment; diversified portfolio of established brands driving customer acquisition, retention and cross-selling potential across sports betting and gaming; strong free cash flow generation and solid liquidity. The Ba1 CFR concurrently reflects the company's: intense competition requiring continuous investment in product innovation and customer propositions; regulatory risk exposure inherent to the gaming industry; a history of debt-funded M&A alongside sizeable, albeit discretionary, share buybacks and its still-developing commitment to a more conservative financial policy. ESG CONSIDERATIONS Flutter's CIS-3 indicates ESG considerations have a limited impact on the current rating but could exert increasing downward pressure over time. Environmental risk exposure is low, reflecting the group's predominantly digital business model, which requires limited physical infrastructure and results in low emissions and minimal exposure to physical climate risks, consistent with online-focused peers. In contrast, social risks are more pronounced, driven by the inherently high customer protection and responsible gaming challenges of the sector, including tightening regulation, higher compliance costs and mounting scrutiny over gambling-related harm, particularly in online channels where detection is more complex; these factors, alongside shifting consumer preferences, may constrain revenue growth and margins. Governance considerations centre on a relatively flexible financial policy, with a demonstrated willingness to operate above its stated leverage targets to pursue acquisitions, and medium-term targets that appear ambitious given current performance, tempering confidence in leverage discipline and execution against strategic objectives. LIQUIDITY Flutter's liquidity is good, supported by: -- The free cash flow-generative nature of its business model, which Moody's projects to remain largely intact in the next 12-18 months; -- Unrestricted cash balances of $1.5 billion and access to a GBP1.1 billion senior secured revolving credit facility due 2028 (GBP195 million drawn as at March 31, 2026); -- Good compliance under maintenance covenants attached to the senior secured term loan A issued by PPB Treasury Unlimited Company and the revolving credit facility (RCF) issued by Flutter -- The absence of significant debt maturities before 2028 STRUCTURAL CONSIDERATIONS Debt within Flutter's capital structure is issued under a single senior secured class. Accordingly, Moody's rates the RCF, senior secured term loans (including the Term Loan A facilities issued by Betfair Interactive US Financing LLC, PPB Treasury Unlimited Company and FanDuel Group Financing LLC, and the Term Loan B issued by Flutter Financing B.V.), as well as the senior secured notes issued by Flutter Treasury DAC, in line with the Ba1 CFR. OUTLOOK The negative outlook reflects the risk that Flutter may not improve its Moody's-adjusted gross debt/EBITDA to levels commensurate with Moody's rating guidance by the end of 2027. The outlook could be stabilised if Flutter establishes a sustained deleveraging trend and demonstrates improved financial discipline, resulting in Moody's-adjusted leverage moving towards levels consistent with the Ba1 rating. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS While unlikely in the next 12-18 months given the negative outlook, positive rating pressure could result if Flutter establishes a track record of sustained de-leveraging, so that its Moody's-adjusted debt/EBITDA falls sustainably below 3.0x while liquidity is strong. Profitability margins improving towards 15% and absence of significant adverse regulatory changes across Flutter's key markets are also pre-requisites for a rating upgrade. Further negative rating pressure would arise if Flutter's Moody's-adjusted debt/EBITDA remains above 4.0x for a prolonged period owing to the difficult integration of recent acquisitions, a deterioration in operating performance or another sizeable debt-funded acquisition or sizeable share buybacks beyond its cash flow generating capacity that delays its leverage reduction trajectory; regulatory changes significantly weaken the profitability of Flutter's online activity, with the company unable to mitigate this; its liquidity profile materially weakens. LIST OF AFFECTED RATINGS Issuer: Flutter Entertainment plc Affirmations: Probability of Default Rating, Affirmed Ba1-PD LT Corporate Family Rating, Affirmed Ba1 Senior Secured Bank Credit Facility (Foreign Currency), Affirmed Ba1 Outlook Actions: Outlook, Changed To Negative From Stable Issuer: Betfair Interactive US Financing LLC Affirmations: Senior Secured Bank Credit Facility (Foreign Currency), Affirmed Ba1 Outlook Actions: Outlook, Changed To Negative From Stable Issuer: FanDuel Group Financing LLC Affirmations: Senior Secured Bank Credit Facility (Local Currency), Affirmed Ba1 Outlook Actions: Outlook, Changed To Negative From Stable Issuer: Flutter Financing B.V. Affirmations: Senior Secured Bank Credit Facility (Foreign Currency), Affirmed Ba1 Outlook Actions: Outlook, Changed To Negative From Stable Issuer: Flutter Treasury DAC Affirmations: Backed Senior Secured (Foreign Currency), Affirmed Ba1 Backed Senior Secured (Local Currency), Affirmed Ba1 Outlook Actions: Outlook, Changed To Negative From Stable Issuer: PPB Treasury Unlimited Company Affirmations: Senior Secured Bank Credit Facility (Foreign Currency), Affirmed Ba1 Outlook Actions: Outlook, Changed To Negative From Stable PRINCIPAL METHODOLOGY 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. COMPANY PROFILE Flutter is a global online sports betting and gaming operator, offering sportsbook, gaming and poker products through a portfolio of leading international brands. Its core markets include the US, UK & Ireland, Italy and Australia, alongside a broader presence across more than 100 countries. In the last twelve months ended March 31, 2026, Flutter generated $17 billion of revenue and $2.6 billion of Moody's-adjusted EBITDA. FLYWHEEL YALE: Employs Michael Best & Friedrich as Legal Counsel ---------------------------------------------------------------- Flywheel Yale, LLC seeks approval from the United States Bankruptcy Court for the District of Colorado to hire Michael Best & Friedrich LLP as its legal counsel. The firm will provide the following services: (a) give the Debtor and Debtor-in-Possession legal advice with respect to its powers and duties in these proceedings; (b) prepare bankruptcy statements, schedules, applications, reports, and other required legal papers; (c) provide legal services related to the general administration of the bankruptcy estate; (d) prepare a plan of reorganization and disclosure statement; (e) represent the Debtor in plan confirmation proceedings; (f) represent the Debtor in contested matters, adversary proceedings, and other litigation arising in the case; and (g) investigate and prosecute avoidance actions and other estate-related claims. Michael Best & Friedrich LLP will be compensated on an hourly basis with rates of $595 for partners, $385 for associates, $475 to $750 for certain professionals, and $120 to $225 for paralegals. The firm also received a $25,000 pre-petition retainer from Flywheel Capital, LLC. The firm represents that it is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and does not hold or represent an interest adverse to the Debtor or its estate. The firm can be reached at: Brenton Gragg, Esq. Michael Best & Friedrich LLP 675 15th Street, Suite 2000 Denver, CO 80202 Telephone: (720) 245-2408 E-mail: brenton.gragg@michaelbest.com - and - Emily Sexton, Esq. Michael Best & Friedrich LLP 444 West Lake Street, Suite 3200 Chicago, IL 60606 Telephone: (720) 240-9515 E-mail: emily.sexton@michaelbest.com About Flywheel Yale LLC Flywheel Yale LLC is a fitness and wellness company that operates indoor cycling studios and provides health, fitness, and exercise-related services. Flywheel Yale LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-14367) on June 17, 2026. In its petition, the Debtor reported estimated assets of $1 million $10 million and estimated liabilities of $1 million-$10 million. Honorable Bankruptcy Judge Joseph G. Rosania Jr. handles the case. FUND FOR SANDY: Taps Saunders and Fleming Properties as Brokers --------------------------------------------------------------- The Fund for Sandy Point North Carolina LP seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to hire Kenneth Chesson, William Frisbie and the firm of Saunders Real Estate, LLC, along with Robyn Fleming and the firm of Fleming Properties, Inc. as its real estate broker. The brokers market and sell the Debtor's real property, specifically, 934 (+/-) acres located at 215 Sandy Point Road, Edenton, Chowan County, North Carolina. The Debtor desires to pay Mr. Chesson, Mr. Frisbie, Saunders Real Estate, Mr. Fleming, and Fleming Properties a 5% commission from the sale of the property, subject to reduction to 3% if sold to certain identified parties. As disclosed in the court filings, Saunders Real Estate and Fleming Properties are "disinterested persons" within the meaning of 11 U.S.C. 101(14). The brokers can be reached through: Kenneth Chesson William Frisbie Saunders Real Estate, LLC 1723 Bartow Road Lakeland, FL 33801 Phone: (877) 518-5263 - and - Robyn Fleming Fleming Properties, Inc. 6304 Castlebrook Dr. Raleigh, NC 27604 About The Fund for Sandy Point North Carolina LP The Fund for Sandy Point North Carolina LP sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-01339) on March 25, 2026. At the time of the filing, Debtor had estimated assets of between $1,000,001 to $10 million and liabilities of between $1,000,001 to $10 million. Judge David M. Warren oversees the case. Hendren, Redwine & Malone, PLLC is Debtor's legal counsel. GENESIS HEALTHCARE: No Resident Care Concern, 5th PCO Report Says ----------------------------------------------------------------- Melanie Cyganowski, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of Texas her fifth report regarding the quality of resident care provided at the facilities operated by Genesis Healthcare, Inc. and affiliates in Massachusetts, Maine, New Hampshire, New Jersey, Rhode Island, and Vermont. For the April 15 to June 15 reporting period, the PCO conducted virtual site visits with facilities in Rhode Island, New Jersey, New Hampshire, and Maine. The PCO observed continued turnover during the reporting period, especially among leadership staff; however, administrators reported managing staffing gaps effectively without operational issues. The PCO noted census at the Facilities contacted during the Fifth Reporting Period was generally consistent with prior periods and with expectations. To the extent decreases in census were noted, none were attributed to these Cases. Any such changes were consistent with regular seasonal changes or other market-related factors. No concerns regarding referrals were noted. Ms. Cyganowski did not receive any complaints directly from residents or their families during the Fifth Reporting Period, and she did not note any increase in the number or nature of complaints submitted to the Facilities based on outreach to Administrators or Regional Advisors in that time. During the fifth reporting period, the PCO observed no change in care quality at assigned facilities; issues that arose were unrelated to the cases and were resolved routinely, with some improvements noted. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=QTQsUf from PacerMonitor.com. The ombudsman may be reached at: Melanie Cyganowski Otterbourg, PC 230 Park Avenue New York, NY 10169-0075 Tel: 212-661-9100 Email: mcyganowski@otterbourg.com About Genesis Healthcare Inc. Based in Culver City, Calif., Genesis Healthcare Inc. is a medical group that provides physician services in Southern California. Genesis Healthcare has operated under the names Daehan Prospect Medical Group and Prospect Genesis Healthcare. Genesis Healthcare Inc. and several affiliated debtors sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case 25-80185) on July 9, 2025. In its petition, Genesis Healthcare Inc. listed between $1 billion and $10 billion in estimated assets and liabilities. The Hon. Bankruptcy Judge Stacey G. Jernigan handles the jointly administered cases. The Debtors employed McDermott Will & Schulte LLP as counsel; Jefferies LLC as investment banker; and Ankura Consulting Group, LLC, as restructuring advisors, and designated Louis E. Robichaux IV and Russell A. Perry as co-chief restructuring officers. Katten Muchin Rosenman LLP serves as special counsel at the sole direction of Jonathan Foster and Elizabeth LaPuma in their capacity as independent directors and members of the special investigation committee. The U.S. Trustee appointed an official committee of unsecured creditors in the Chapter 11 cases of Genesis Healthcare Inc. and affiliates. The committee retained Proskauer Rose LLP and Stinson LLP as its co-counsel; FTI Consulting, Inc., as its financial advisors; and Houlihan Lokey Capital, Inc. as its investment banker. GENESIS HEALTHCARE: Quality of Care Maintained, 5th PCO Report Says ------------------------------------------------------------------- Suzanne Koenig, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of Texas her fifth report regarding the quality of resident care provided at facilities operated by Genesis Healthcare, Inc. and affiliates in Alabama, Delaware, Maryland, North Carolina, Tennessee, Virginia, and Pennsylvania. For the April 15 to June 15 reporting period, the PCO used a standardized approach for consistent reporting, including meetings with leadership, facility tours, and interviews with staff and residents during in-person or virtual visits. During the reporting period, the ombudsman identified no immediate health or safety threats requiring court action; ongoing issues such as staffing, survey findings, and infection control were being addressed through corrective measures and regulatory coordination. Moreover, the ombudsman observed no immediate safety threats at SFF or SFF-C facilities, which were instead focused on corrective actions, leadership improvements, and gradual compliance progress. The PCO observed that staffing remained a consistent challenge across the Facilities, reflecting the ongoing challenges of a national workforce shortage in the long-term care industry generally. Certain Facilities struggled with recruitment due to their rural location, which further reduces the pool of potential applicants. However, despite these challenges, many Facilities showed measurable improvement in staffing over this Report Period, including filling open direct care positions, reducing or eliminating agency staff usage, and/or stabilizing or reducing staff turnover. Ms. Koenig reported across the Facilities, clinical conditions observed, including fall management, infection control, wound care, and medication practices, were generally consistent with regulatory expectations. However, certain Facilities in Alabama, Delaware, Maryland, and Pennsylvania had discrete issues with expired medications and/or medications without proper labeling. The PCO cited that based upon the visits, documentation and regulatory reporting practices were broadly compliant with state and federal requirements. Most Facilities appeared to maintain current care plans, appropriate physician orders, and accurate medication documentation. Residents demonstrated awareness of grievance procedures, expressed comfort raising concerns, and consistently reported feeling safe at the Facilities. The PCO observed that a few Pennsylvania Facilities had discrete expired medications or supplies, including Belvedere (expired medications and wound care supplies), Hillcrest (expired PluroGel and foot powder), King of Prussia (one (1) expired tracheostomy-related supply), and Sinking Spring (one (1) expired medication on a medication cart). Nevertheless, the Ombudsman does not find this to be a present risk to resident safety. The PCO noted that resident census trends varied across communities, with increases in some due to marketing, staffing, and quality improvements, and declines in others linked to surveys or market factors; however, residents generally reported attentive, safe, and dignified care. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=dQHzqE from PacerMonitor.com. The ombudsman may be reached at: Suzanne Koenig, CEO SAK Healthcare 300 Saunders Road, Suite 300 Riverwoods, IL 60015 Phone: 847-446-8400 Email: skoenig@sakhealthcare.com About Genesis Healthcare Inc. Based in Culver City, Calif., Genesis Healthcare Inc. is a medical group that provides physician services in Southern California. Genesis Healthcare has operated under the names Daehan Prospect Medical Group and Prospect Genesis Healthcare. Genesis Healthcare Inc. and several affiliated debtors sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case 25-80185) on July 9, 2025. In its petition, Genesis Healthcare Inc. listed between $1 billion and $10 billion in estimated assets and liabilities. The Hon. Bankruptcy Judge Stacey G. Jernigan handles the jointly administered cases. The Debtors employed McDermott Will & Schulte LLP as counsel; Jefferies LLC as investment banker; and Ankura Consulting Group, LLC, as restructuring advisors, and designated Louis E. Robichaux IV and Russell A. Perry as co-chief restructuring officers. Katten Muchin Rosenman LLP serves as special counsel at the sole direction of Jonathan Foster and Elizabeth LaPuma in their capacity as independent directors and members of the special investigation committee. The U.S. Trustee appointed an official committee of unsecured creditors in the Chapter 11 cases of Genesis Healthcare Inc. and affiliates. The committee retained Proskauer Rose LLP and Stinson LLP as its co-counsel; FTI Consulting, Inc., as its financial advisors; and Houlihan Lokey Capital, Inc. as its investment banker. GIROIR HOLDINGS: Unsecureds to Get $500 per Month over 60 Months ---------------------------------------------------------------- Giroir Holdings LLC filed with the U.S. Bankruptcy Court for the Eastern District of Louisiana an Amended Plan of Reorganization under Subchapter V dated June 16, 2024. The Debtor is a Louisiana limited liability company. The Debtor operates and owns an automobile accessories installation company. The business began in 1996 as Diamond C Audio in Baton Rouge, Louisiana, and moved to Houma, Louisiana in 1998 as a car audio and mobile electronics store. In 2006, the business expanded to include truck accessories, suspension lifts, wheels and tires, and adopted the name Diamond C Offroad and Audio. The Debtor filed this case because its liquidity was materially impaired by substantial remittance obligations arising under merchant cash advance agreements and similar receivables-purchase arrangements, together with aggressive collection activity, default pressure, and litigation threats. The Debtor projects sufficient disposable income to fund the payments required under this Plan. The Debtor's projections separately identify projected revenues, regular operating expenses, and Plan obligations, including secured debt service, administrative expenses, priority tax payments, and distributions to unsecured creditors. Class 3 consists of all Allowed General Unsecured Claims, including but not limited to the unsecured deficiency portion of Synergy Bank in the amount of $173,770.12, QFS in the amount of $61,501.34, RHC in the amount of $156,449.82, Funding Matrix in the amount of $30,011.30, Louisiana Department of Revenue non-priority portions if any, Capital One, Square, and all other unsecured creditors. Holders of Allowed General Unsecured Claims shall receive pro rata monthly distributions in the amount of $500.00 per month, totaling $6,000.00 annually, for a period of sixty months. Any additional recoveries from retained causes of action shall augment distributions to this class. Class 3 is impaired. Class 4 consists solely of the claim of American Express. The Debtor shall pay a one-time lump sum equal to the lesser of $1,500 or the Allowed Amount of the claim on or shortly after the Effective Date, in full satisfaction of such claim. No other creditor qualifies for this class. Class 5 consists of the equity interests in the Debtor. All equity interests shall be retained. The Debtor will implement this Plan through projected disposable income generated through normal business operations. The Debtor projects annual disposable income sufficient to make projected annual distributions to unsecured creditors of approximately $3,000 annually, in addition to payments required for secured creditors, administrative claims, and priority tax claims, all as shown in Exhibit B and the post-confirmation budget. Upon substantial consummation of the Plan, property of the Estate shall vest in the Debtor except as otherwise provided by the Bankruptcy Code or confirmation order. The Debtor shall fund this Plan through ongoing business operations and projected disposable income derived from its Monthly Operating Reports. A full-text copy of the First Amended Plan dated June 16, 2026 is available at https://urlcurt.com/u?l=kNpBwO from PacerMonitor.com at no charge. Counsel to the Debtor: Ralph Bickham, Esq. Bickham Law Practice LLC 650 Poydras St. New Orleans, LA 70130 Telephone: (504) 584-5730 About Giroir Holdings LLC Giroir Holdings, LLC operates and owns an automobile accessories installation company. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. La. Case No. 25-12231) on Oct. 3, 2025, with $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. Judge Meredith S. Grabill presides over the case. Raphael Bickham, Esq., at Bickham Law Practice LLC, is the Debtor's bankruptcy counsel. GLOBAL INFRASTRUCTURE: S&P Rates New $500MM Sr. Unsec. Notes 'BB' ----------------------------------------------------------------- S&P Global Ratings assigned its 'BB' issue-level rating and '4' recovery rating to Global Infrastructure Solutions Inc.'s (GISI) proposed $500 million senior unsecured notes. The '4' recovery rating indicates S&P's expectation for average (30%-50%; rounded estimate: 35%) recovery in the event of a payment default. GISI intends to use the proceeds from this issuance to refinance its existing senior credit facility and bolster its liquidity to support its merger and acquisition pipeline. The notes will rank pari passu with the company's existing unsecured notes. As part of its strategic refinancing, GISI's first lien debt will comprise a new $1 billion revolving credit facility (not rated; larger than its current $615 million facility) and a new $200 million term loan A (not rated; $364 million outstanding) with a five-year maturity (current maturity is June 2027). The leverage-neutral transaction will extend the company's maturity profile while enhancing its liquidity. S&P forecasts that the company's S&P Global Ratings-adjusted debt to EBITDA will remain below 2x in 2026 and 2027. ISSUE RATINGS--RECOVERY ANALYSIS Key analytical factors -- S&P said, "Our simulated default scenario assumes a payment default stemming from a prolonged economic downturn that negatively affects the construction sector. We would expect intense pricing pressure from GISI's competitors, project-related execution challenges, and delays in collecting payments." These would result in margin contraction, weakening the company's earnings and cash flows and limiting its capacity to fund the working capital requirements necessary to sustain its operations. -- S&P assumes the revolver is 85% drawn at default in its simulated default. All debt includes six months of accrued interest. Simulated default assumptions -- Simulated year of default: 2031 -- EBITDA at emergence: $301.7 million -- S&P values the company based on a 5x EBITDA multiple, which is in line with the multiples it uses for its peers. Simplified waterfall -- Net enterprise value (after 5% administrative costs): $1,433.3 million -- Valuation split (obligors/nonobligors): 95%/5% -- Value available to senior secured claims: $1,433.3 million -- Senior secured claims: $962.7 million -- Total value available to unsecured claims: $470.6 million -- Senior unsecured debt: $1,240.0 million --Recovery expectations: 30%-50% (rounded estimate: 35%) GOLD CITY: U.S. Trustee Appoints Nancy Pitra as Substitute PCO -------------------------------------------------------------- Guy Van Baalen, the Acting U.S. Trustee for Region 21, appointed Nancy Pitra, Esq. as substitute patient care ombudsman for Gold City Health & Rehab, LLC. Melanie S. McNeil, who was appointed to serve as PCO on Dec. 18, 2025, has retired from her position as the Georgia Long-Term Care Ombudsman and is no longer serving as the ombudsman in this case. Effective immediately, Ms. Pitra, the current Georgia Long-Term Care Ombudsman, is substituted as PCO in Ms. McNeil's place. Ms. Pitra will continue to perform the duties as the Patient Care Ombudsman in this case as required under Section 333. To the best of her knowledge, Ms. Pitra has no connections with the Debtor, creditors, any other parties in interest, their respective attorneys and accountants, the U.S. Trustee, and persons employed in the Office of the U.S. Trustee, except as set forth in her verified statement. The ombudsman may be reached at: Nancy Pitra, Esq. State Long-Term Care Ombudsman Office of the State Long-Term Care Ombudsman Georgia Department of Human Services 2 Peachtree Street, N.W., 33rd Floor Atlanta, GA 30303 Email: Nancy.Pitra@osltco.ga.gov About Gold City Health & Rehab LLC Gold City Health & Rehab, LLC operates a skilled nursing facility providing short-term rehabilitation and long-term nursing care services, serving patients requiring post-acute and custodial care. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Ga. Case No. 25-52006) on December 15, 2025, with $500,000 to $1 million in assets and $1 million to $10 million in liabilities. Michael E. Winget, Sr., manager, signed the petition. Wesley J. Boyer, Esq. at Boyer Terry, LLC represents the Debtor as legal counsel. Melanie S. McNeil, Esq., is the patient care ombudsman appointed in the Debtor's case. GOLIATH VENTURES: Seeks to Extend Plan Exclusivity to Dec. 31 ------------------------------------------------------------- Goliath Ventures Inc., a Wyoming corporation, and Goliath Ventures Inc., a Florida corporation f/d/b/a Gen-Z Venture Firm, Inc., asked the U.S. Bankruptcy Court for the Southern District of Florida to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Dec. 31, 2026 and March 1, 2027, respectively. The Debtors submit that ample cause exists to extend the Exclusive Periods in the Debtors' Chapter 11 cases. To begin, the Receiver was appointed pre-petition and quickly caused the Debtors to file for bankruptcy protection, making the determination that filing was in the best interests of creditors. The Receiver considered, among other things, the allegations by civil litigation plaintiffs as well as the United States of America that Mr. Delgado perpetrated a massive Ponzi scheme through and upon the Debtors. The Debtors explain that they are not seeking to use exclusivity to pressure creditors into accepting a plan they find unacceptable. The Debtors submit that granting the requested relief will result in no prejudice or harm to any parties in interest. The Debtors claim that they have conferred with (1) the Committee and anticipate that the Committee will advise at its earliest opportunity as to whether it consents to the requested relief; and (2) the Office of the U.S. Trustee, which does not have a position at the present time. The Debtors submit that an extension of the Exclusive Periods is warranted and appropriate. The requested relief will afford the Debtors a full and fair opportunity to negotiate, propose, and seek acceptance of a confirmable Chapter 11 plan. About Goliath Ventures Inc. Goliath Ventures Inc., formerly known as Gen-Z Venture Firm Inc., incorporated in Florida, was a cryptocurrency investment firm offering high-yield digital asset programs and liquidity pool investments to institutional and retail investors. A Florida court appointed Michael S. Budwick as receiver to secure remaining assets and records. Goliath Ventures and affiliate Goliath Ventures Inc., formerly known as Goliath Ventures Inc., a FL corporation, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 26-13174) on March 16, 2026. Michael S. Budwick, receiver of Goliath Ventures, signed the petition. At the time of the filing, Goliath Ventures reported $1 million to $10 million in assets and $100 million to $500 million in liabilities. Judge Laurel M. Isicoff presides over the cases. The Debtors are represented by: Solomon B. Genet, Esq. Meland Budwick, P.A. 200 South Biscayne Boulevard, Suite 3200 Miami, FL 33131 Telephone: (305) 358-6363 Email: sgenet@melandbudwick.com Jonathan S. Feldman, Esq. and Phang & Feldman, P.A. serve as counsel for the Official Committee of Unsecured Creditors. GRANAIO LLC: Case Summary & Six Unsecured Creditors --------------------------------------------------- Debtor: Granaio, LLC 777 Brickell Ave. Suite 500 Miami, FL 33131 Business Description: Granaio, LLC owns and manages a property located at 3010 Sandra Drive, New Orleans, LA 70114. Chapter 11 Petition Date: June 24, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-18314 Judge: Hon. Corali Lopez-Castro Debtor's Counsel: Adam I. Skolnik, Esq. LAW OFFICE OF ADAM I. SKOLNIK, PA 1761 West Hillsboro Boulevard, Suite 207 Deerfield Beach, FL 33442 Tel: 561-265-1120 E-mail: askolnik@skolniklawpa.com Total Assets: $37,000,003 Total Liabilities: $19,252,625 The petition was signed by Joshua Bruno as authorized representative. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/VKYRMHI/Granaio_LLC__flsbke-26-18314__0001.0.pdf?mcid=tGE4TAMA List of Debtor's Six Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Bruno, Inc. Insider Loan $405,096 3929 Tulane Ave. Ste. 200 New Orleans, LA 70119 2. Crescent City Collections Insider Loan $325 777 Brickell Ave. Ste. 500 Miami, FL 33131 3. Orleans Parish Real Estate Taxes $401,380 Assessor's Office Bureau of Treasury Office New Orleans City Hall Room 1300 Perdido St., Room 1W40 New Orleans, LA 70112 4. St. Ann Square Insider Loan $28,032 777 Brickell Ave. Ste. 500 Miami, FL 33131 5. Taylor Park Insider Loan $60 777 Brickell Ave. Ste. 500 Miami, FL 33131 6. Wisconsin Retail Holdings LLC $92 3929 Tulane Ave. Ste. 200 New Orleans, LA 70119 GUNNISON VALLEY: Seeks Approval to Hire SL Biggs as Accountant -------------------------------------------------------------- Gunnison Valley Properties LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Mark Dennis and SL Biggs, a Division of SingerLewak LLP, to serve as its accountant. The firm will provide these services: (a) complete the Debtor's partnership income tax accounting for 2025, including schedules K-1/K-3 for all members; (b) perform all accounting and tax-related services necessary to prepare the Debtor's 2025 partnership income tax returns; and (c) assist the Debtor in fulfilling its required tax reporting obligations during the Chapter 11 case. Mr. Dennis will receive an hourly rate of $550 for partner-level work, with other professionals billing at $420, $285, and $265 per hour depending on role. SL Biggs will receive a $5,000 retainer, and total fees for the engagement shall not exceed $10,000 for preparation of state and federal partnership tax returns. SL Biggs, a Division of SingerLewak LLP, is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Mark Dennis, CPA SL Biggs, a Division of SingerLewak LLP 2000 S. Colorado Blvd., Tower 2, Suite 200 Denver, CO 80222 About Gunnison Valley Properties Gunnison Valley Properties LLC in Louisville, Colo., sought relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 24-15052) on Aug. 28, 2024, listing $50 million to $100 million in assets and $10 million to $50 million in liabilities. Byron Chrisman, manager, signed the petition. Judge Joseph G. Rosania Jr. oversees the case. Onsager | Fletcher | Johnson | Palmer LLC serves as the Debtor's legal counsel. GURU HOLDING: Seeks to Extend Plan Exclusivity to Oct. 16 --------------------------------------------------------- Guru Holding, LLC asked the U.S. Bankruptcy Court for the Southern District of New York to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Oct. 16 and Dec. 15, 2026, respectively. The Debtor explains that when determining whether cause exists for an extension of the Exclusive Periods, courts have relied on a variety of factors, each of which may provide sufficient grounds for granting such extension. The Debtor claims that application of these factors to the facts and circumstances of this case demonstrates that the requested extensions are appropriate. Applied to this case, the Adelphia factors support an extension: First, although this is not a "mega" case, the case presents meaningful complexity. The Debtor's sole material asset is a 76 unit rent-stabilized apartment building, the value of which is materially affected by the pending DHCR Action. The interplay between the DHCR Action, the Debtor's refinancing prospects, and the structure of a confirmable plan adds a level of work sufficient to support an extension of time. Second, the Debtor has used its time in Chapter 11 productively to negotiate consensual cash collateral use and to develop a "toggle" plan structure that maximizes the prospect of a full recovery to all Creditors. Sufficient time is needed to try to resolve any open issues with the Mortgagee, obtain disclosure statement acceptance, solicit votes and confirm the plan. Third, the Debtor has made good-faith progress toward reorganization. The Debtor has obtained authority to use cash collateral on a consensual basis, has been paying the First Mortgagee monthly adequate protection at the non-default contract rate, and has been formulating a toggle plan of reorganization with two paths to payment in full. Fourth, the Debtor is generally paying its post-petition debts as they come due, including monthly adequate protection payments to the First Mortgagee and Property operating expenses. The fourth factor supports an extension. Fifth, the Debtor has demonstrated reasonable prospects for filing and confirming a viable plan. The value of the Property substantially exceeds the aggregate amount of all Claims, and the toggle plan structure (refinancing or sale) provides a clear mechanism for paying all Allowed Claims in full. The fifth factor supports an extension. Sixth, the Debtor has made progress in negotiating with its Creditors. The Debtor has reached a consensual cash collateral arrangement with the First Mortgagee, has been providing regular financial reporting, and is engaged in continuing dialogue regarding the structure of a consensual plan. The sixth factor supports an extension. Seventh, the case has been pending for less than four months as of the date of this Application, and this is the Debtor's first request for an extension of either Exclusive Period. The Debtor is well within the statutory caps of 18 and 20 months set forth in section 1121(d)(2) of the Bankruptcy Code. The seventh factor strongly supports an extension. Guru Holding LLC is represented by: Mark Frankel, Esq. Backenroth Frankel & Krinsky, LLP 488 Madison Avenue, Floor 23 New York, NY 10022 Tel: (212) 593-1100 About Guru Holding Guru Holding LLC is a New York-based real estate holding company that owns and leases a 76-unit mid-rise residential apartment building at 942-960 Avenue Saint John in the Bronx, NY, with the property estimated at $17 million. Guru Holding LLC in Bronx, NY, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. S.D.N.Y. Case No. 26-10346) on Feb. 18, 2026, listing $18,099,311 in assets and $10,754,139 in liabilities. Emmanuel Ku as managing member, signed the petition. Judge John P Mastando III oversees the case. BACKENROTH FRANKEL & KRINSKY, LLP, serves as the Debtor's legal counsel. GWG HOLDINGS: Ankura Seeks Dismissal of Trustee's Bankruptcy Claims ------------------------------------------------------------------- Emlyn Cameron of Law360 Bankruptcy Authority reports that Ankura Consulting Group LLC is seeking dismissal of a lawsuit brought by the litigation trustee administering the Chapter 11 estate of GWG Holdings Inc., arguing that the trustee's complaint lacks the factual and legal basis needed to move forward. In court filings, Ankura contends that the trustee has not plausibly alleged misconduct or established that the firm's actions resulted in damages to the bankruptcy estate. The company further argues that the complaint consists largely of unsupported legal conclusions rather than concrete factual allegations. The Texas bankruptcy court will determine whether the trustee's claims may proceed or should be dismissed before discovery. The outcome could significantly affect the trustee's efforts to recover assets for creditors of the collapsed financial services company, the report states. About GWG Holdings Headquartered in Dallas Texas, GWG Holdings, Inc. (NASDAQ: GWGH) conducts its life insurance secondary market business through a wholly owned subsidiary, GWG Life, LLC, and GWG Life's wholly owned subsidiaries. GWG Holdings Inc. and affiliates sought Chapter 11 bankruptcy protection (Bankr. S.D. Texas Lead Case No. 22-90032) on April 20, 2022. In the petition filed by Murray Holland, president and chief executive officer, GWG Holdings disclosed between $1 billion and $10 billion in both assets and liabilities. Judge Marvin Isgur oversees the cases. The Debtors tapped Mayer Brown, LLP and Jackson Walker, LLP, as bankruptcy counsels; Tran Singh, LLP as special conflicts counsel; FTI Consulting, Inc. as financial advisor; and PJT Partners, LP, as investment banker. Donlin Recano & Company is the Debtors' notice and claims agent. National Founders LP, a DIP lender, is represented by Michael Fishel, Esq., Matthew A. Clemente, Esq., and William E. Curtin, Esq., at Sidley Austin, LLP. The U.S. Trustee for Region 7 appointed an official committee to represent bondholders in the Debtors' cases. The committee tapped Akin Gump Strauss Hauer & Feld, LLP and Porter Hedges, LLP, as legal counsels; Piper Sandler & Co. as investment banker; and AlixPartners, LLP as financial advisor. The Debtors obtained confirmation of their Further Modified Second Amended Joint Chapter 11 Plan on June 20, 2023. HALLMARK FINANCIAL: Hearing Procedures for Stock Transfers Okayed ----------------------------------------------------------------- On June 15, 2026 (the "Petition Date"), the debtor and debtor in possession (the "Debtor") filed a petition with the United States Bankruptcy Court for the Northern District of Texas (the "Court") under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code"). Subject to certain exceptions, section 362 of the Bankruptcy Code operates as a stay of any act to obtain possession of property of or from the Debtor's estate or to exercise control over property of or from the Debtor's estate. On the Petition Date, the Debtor filed the Debtor's Emergency Motion for Entry of an Order (I) Approving Notification and Hearing Procedures for Certain Transfers of and Declarations of Worthlessness with Respect to Stock, (II) Directing that Any Such Transfer or Declaration of Worthlessness in Violation of Such Procedures Be Null and Void Ab Initio, and (III) Granting Related Relief (the "Motion"). On June 18, 2026, the Court entered the Order (I) Approving Notification and Hearing Procedures for Certain Transfers of and Declarations of Worthlessness with Respect to Stock, (II) Directing that Any Such Transfer or Declaration of Worthlessness in Violation of Such Procedures Be Null and Void Ab Initio, and (III) Granting Related Relief (the "Order") approving procedures for certain transfers and declarations of worthlessness with respect to the Debtor's Stock, set forth in Exhibit 1 attached to the Order (the "Procedures"). Pursuant to the Order, a Substantial Shareholder may not consummate any purchase, sale, or other transfer of Stock, or Beneficial Ownership of Stock in violation of the Procedures, and any such transaction in violation of the Procedures shall be null and void ab initio. Pursuant to the Order, the Procedures shall apply to the holding and transfers of Stock, or any Beneficial Ownership therein, by a Substantial Shareholder or someone who may become a Substantial Shareholder. Pursuant to the Order, (a) a 50-Percent Shareholder may not claim a worthless stock deduction with respect to the Debtor's Stock, or Beneficial Ownership of Stock, in violation of the Procedures, (b) any such deduction in violation of the Procedures shall be null and void ab initio, and (c) any 50-Percent Shareholder that makes any such deduction in violation of the Procedures shall be required to file an amended tax return revoking such proposed deduction. Pursuant to the Order, upon the request of any person or entity, the proposed notice, claims, and solicitation agent for the Debtor, Stretto Inc., will provide a copy of the Order and a form of each of the declarations required to be filed by the Procedures in a reasonable period of time. Such declarations are also available via PACER on the Court's website at https://ecf.txnd.uscourts.gov for a fee, or free of charge by accessing the Debtor's restructuring website at https://cases.stretto.com/Hallmark. Pursuant to the Order, failure to follow the Procedures set forth in the Order shall constitute a violation of, among other things, the automatic stay provisions of section 362 of the Bankruptcy Code. Nothing in the Order shall preclude any person desirous of acquiring any Stock from requesting relief from the Order from this Court, subject to the Debtor's and the other Notice Parties' rights to oppose such relief. Except to the extent that the Order expressly conditions or restricts trading in Stock, nothing in the Order or in the Motion shall, or shall be deemed to, prejudice, impair, or otherwise alter or affect the rights of any holders of Stock, including in connection with the treatment of any such stock under any chapter 11 plan or any applicable bankruptcy court order. Any prohibited purchase, sale, or other transfer of, or declaration of worthlessness with respect to the Debtor's Stock or the Beneficial Ownership thereof, or option with respect thereto in violation of the Order is prohibited and shall be null and void ab initio and may be subject to additional sanctions as the Court may determine. The requirements set forth in the Order are in addition to the requirements of applicable law and do not excuse compliance therewith. Proposed Counsel to the Debtor and Debtor in Possession: Jason S. Brookner, Esq. Aaron M. Kaufman, Esq. Lydia R. Webb, Esq. Emily F. Shanks, Esq. 1845 Woodall Rodgers Fwy, Ste. 1300 Dallas, TX 75201 Telephone: (214) 954-4135 Facsimile: (214) 953-1332 Email: jbrookner@grayreed.com akaufman@grayreed.com lwebb@grayreed.com eshanks@grayreed.com About Hallmark Financial Services Hallmark Financial Services, Inc., is headquartered in Dallas, Texas. The company is engaged primarily in the sale of property and casualty insurance products. The Company's business involves marketing, underwriting, and premium financing of non-standard personal automobile insurance primarily in Texas, Arizona, and New Mexico, marketing of commercial insurance in Texas, New Mexico, Idaho, Oregon, and Washington, and third-party claims administration, and other insurance-related services. Hallmark Financial Services sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-80007) on June 15, 2026. In its petition, the Debtor estimated assets of $10 million to $50 million and estimated liabilities of $100 million to $500 million. The Honorable Bankruptcy Judge Michelle V. Larson handles the case. William Snyder of Oliver Wyman, LLC, serves as the Debtor's Chief Restructuring Officer. Oliver Wyman, which acquired CR3 Partners, LLC in May 2026, serves as financial advisor. Gray Reed & McGraw LLP serves as the Debtor's general bankruptcy counsel, Olshan Frome Wolosky LLP as special corporate and litigation counsel, and Greenberg Traurig LLP as special regulatory counsel. Raymond James & Associates, Inc. serves as the Company's investment banker. Stretto, Inc., is employed as the Company's claims and noticing agent. Fox Rothschild LLP and Wollmuth Maher & Deutsch LLP serve as counsel to Hildene Capital Management, LLC and its affiliates. HARVEST SHERWOOD: Amends Plan to Include Convenience Class CLaims ----------------------------------------------------------------- Harvest Sherwood Food Distributors, Inc., and its affiliates submitted a Third Amended Disclosure Statement describing Third Amended Joint Chapter 11 Plan dated June 15, 2026. The Debtors, the Post-Effective Date Debtors, or the Liquidating Trust, as applicable, shall fund the transactions and distributions under the Plan from the Exit Capital Facility and the Liquidating Trust Assets in accordance with the terms of the Plan. Following the Effective Date and subject to the Post-Effective Budget and the Plan, the Liquidating Trust shall administer the Wind-Down, including winding down the affairs of the PostEffective Date Debtors and their Estates. Capitalizing on the competitive tension created by these dueling proposals, the Debtors, in consultation with the Committee, determined that conducting an auction (the "Stalking Horse Auction") would provide the best opportunity to select a value maximizing ""stalking horse" Plan transaction. Accordingly, on May 25, 2026, the Debtors filed the Notice of Stalking Horse Auction (the "Stalking Horse Auction Notice") to provide notice to interested parties of the Stalking Horse Auction and to set forth the procedures governing such Stalking Horse Auction, including the requirements for competing proposals. The Stalking Horse Auction commenced on May 26, 2026 (in-person for two days), and ended on June 1, 2026 (virtually), with both the Initial Plan Funders and the Plan Funders participating as competing funders. Over the course of the Stalking Horse Auction, both the Initial Plan Funders and the Plan Funders submitted successive rounds of improved proposals. The Stalking Horse Auction generated material improvements in the proposed exit financing terms as compared to both the Alternative Funding Proposal and the Revised Initial Funding Proposal, yielding significantly improved economics for the Debtors' estates and improved projected creditor recoveries relative to the proposals as they stood at the commencement of the Stalking Horse Auction. Following the conclusion of the Stalking Horse Auction, the Debtors finalized the terms of Atlas Grove's revised proposal, which include the following: (a) an exit capital financing facility comprised of (1) a refinancing facility to convert approximately $109.8 million anticipated outstanding DIP Claims on or around the Effective Date into obligations under an exit facility; (2) a new-money facility of approximately $30 million; and (3) the Burford Contingency Line; (b) a 3.0% Exit Capital Commitment Fee and an expense reimbursement obligation (capped, with respect to certain exit facility related activities identified in the Commitment Letter, at $1.35 million) payable in connection therewith (collectively, the "Commitment Obligations"); and (c) a proposed distribution waterfall under the Plan as set forth herein (collectively, the "Stalking Horse Funding Proposal"). On June 1, 2026, the Debtors filed the Notice of Filing Third Amended Chapter 11 Plan, Notice of Filing of Revised Proposed Exit Capital Commitment Order, and refiled the Replacement DIP Motion, among other documents, reflecting the terms of the Stalking Horse Funding Proposal (collectively, the "Stalking Horse Transaction Documents"). The Commitment Obligations were approved by the Court on June 2, 2026. Class 3 consists of General Unsecured Claims against the Debtors. On the Effective Date, except to the extent that a Holder of an Allowed General Unsecured Claim agrees to less favorable treatment, in full and final satisfaction, settlement, release, and discharge of such Allowed General Unsecured Claim, each Holder of an Allowed General Unsecured Claim shall receive: * if such Holder makes the Convenience Class Election, treatment in accordance therewith in lieu of the treatment such Holder would otherwise receive pursuant to Class 3 (General Unsecured Claims) as detailed herein; * if such Holder does not make the Convenience Class Election, (i) if such Holder is a Qualified Holder, its Pro Rata share of the Series B-1 Liquidating Trust Interests, or (ii) if such Holder is a Non-Qualified Holder, its Pro Rata share of the Series B-2 Liquidating Trust Interests, each of which will receive distributions pursuant to the Distribution Schedule. Class 5 consists of Convenience Class Claims against the Debtors. On the Effective Date, except to the extent that a Holder of an Allowed Convenience Class Claim agrees to less favorable treatment (with the consent of the Plan Funders or the Liquidating Trust Advisory Board, as applicable), in full and final satisfaction, settlement, release, and discharge of such Allowed Convenience Class Claim, each such Holder of an Allowed Convenience Class Claim shall receive an amount of Cash equal to its Pro Rata share of the Convenience Class Cash Pool; provided, however, that, if Class 5 votes to reject the Plan, each Holder of an Allowed Convenience Class Claim shall receive the same treatment as if its Allowed Convenience Claims were Allowed General Unsecured Claims in Class 3. Class 5 is Impaired, and Holders of Convenience Class Claims are entitled to vote to accept or reject the Plan. The amount of claim in Class 5 total $1,340,000. Under the Plan, all cash available for distribution from the Liquidating Trust (the "Distributable Cash") will be paid out in a tiered "waterfall" that determines payment priorities. First, 100% of Distributable Cash will be distributed to the Plan Funders, who hold certain Series A Liquidating Trust Interests, until they have recovered the "Return Threshold A," (a) a full 1.00x return of their "Return Threshold," defined as the amount of new money the Plan Funders actually invested to fund the Plan (the "Exit Capital New-Money Commitment," currently approximately $140 million), plus (b) a 3.50% annual "ticking fee" that accrues on the undrawn portion of the separate $40 million Burford Contingency Line; provided that, to the extent the Burford Appeal is resolved in the Debtors' favor and the Liquidating Trust irrevocably releases the commitment associated with the Burford Contingency Line, such ticking fee will cease accruing. Second, once the Plan Funders have received Return Threshold A, 20% of each remaining dollar of Distributable Cash continues to the Plan Funders and 80% flows into the "Junior Distribution Pool," which pays junior creditors, including applicable postpetition interest, in accordance with the absolute priority rule. Third, after junior creditors have been paid in full (including postpetition interest), 80% of any further Distributable Cash shall be distributed to the Plan Funders and the remaining 20% to holdings of Existing Equity Interests. A different, modified waterfall applies only to proceeds of the Debtors' Antitrust Litigation Proceedings if a "Claw-Back Event" occurs (i.e., if Burford ultimately prevails in the Burford Appeal). To be counted, Ballot or Ballots must be received by 4:00 p.m., on July 29, 2026 (the "Voting Deadline"). The deadline to file objections to the Confirmation of the Plan (the "Confirmation Objections") is July 29, 2026 at 4:00 p.m. (the "Objection Deadline"). The Bankruptcy Court has scheduled a Confirmation Hearing to confirm the Plan for August 5, 2026 at 9:30 a.m. (the "Confirmation Hearing"). A full-text copy of the Third Amended Disclosure Statement dated June 15, 2026 is available at https://urlcurt.com/u?l=yHSJsw from Epiq Corporate Restructuring LLC, claims agent. The Debtors' Counsel: Thomas R. Califano, Esq. Chelsea McManus, Esq. SIDNEY AUSTIN LLP 2021 McKinney Avenue, Suite 2000 Dallas TX 75201 Tel: (214) 981-3300 Email: tom.califano@sidley.com cmcmanus@sidley.com - and - Stephen Hessler, Esq. Anthony R. Grossi, Esq. SIDLEY AUSTIN LLP 787 Seventh Avenue New York, New York 10019 Tel: (212) 839-5300 Fax: (212) 839-5599 Email: shessler@sidley.com agrossi@sidley.com jhufendick@sidley.com - and - Jason L. Hufendick, Esq. Ryan Fink, Esq. Daniela Rakowski, Esq. SIDLEY AUSTIN LLP One South Dearborn Chicago, Illinois 60603 Tel: (312) 853-7000 Fax: (312) 853-7036 Email: jhufendick@sidley.com ryan.fink@sidley.com drakowski@sidley.com About Harvest Sherwood Food Distributors Harvest Sherwood is a U.S.-based national food distribution company formed through the merger of Sherwood Food Distributors and Harvest Food Distributors. It operates 14 distribution centers and delivers over 32 million pounds of food weekly to customers including retailers, cruise lines, and food service providers. In early 2025, the Company initiated the wind-down of its operations and is pursuing asset sales through Chapter 11 proceedings to facilitate an orderly wind down of its estates. On May 5, 2025, Harvest Sherwood Food Distributors, Inc., and its affiliates sought Chapter 11 protection (Bankr. N.D. Tex. Lead Case No. 25-80109). The Hon. Stacey G. Jernigan is the case judge. Harvest Sherwood listed $1 billion to $10 billion in assets against $500 million to $1 billion in liabilities as of the bankruptcy filing. The Debtors tapped Sidley Austin LLP as general bankruptcy counsel, MERU, LLC, as financial advisor, and Hilco Commercail Industrial LLC and Hilco Receivables, LLC, as restructuring advisor. EPIQ Corporate Restructuring, LLC, is the claims agent. The official committee of unsecured creditors retained McDermott Will & Emery LLP as counsel and Province, LLC as financial advisor. HARVEST SHERWOOD: Hires Hicks Johnson PLLC as Conflicts Counsel --------------------------------------------------------------- Harvest Sherwood Food Distributors, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Hicks Johnson PLLC as conflicts counsel. The firm's services include: (a) advising the Debtors regarding the legal issues arising from the Existing DIP Secured Parties' position that the Existing DIP Obligations have not been, or will not be, paid in full or otherwise satisfied because of contingent obligations associated with potential clawback, disgorgement, or reinstatement of obligations relating to certain antitrust settlement proceeds; (b) preparing, reviewing, revising, and filing briefs, responses, declarations, evidentiary submissions, proposed orders, and other pleadings relating to whether the proposed letter of credit and/or any alternative collateral arrangement satisfies the Debtors' obligations to the Existing DIP Secured Parties and the Bankruptcy Code; (c) appearing on behalf of the Debtors at hearings, conferences, negotiations, and other proceedings relating to the letter-of-credit dispute, including the hearing scheduled for June 17, 2026, and any related or continued hearings; (d) advising the Debtors regarding litigation strategy, evidentiary issues, briefing strategy, hearing preparation, and potential resolution of the letter-of-credit / collateral-sufficiency dispute; and (e) prosecuting, defending, or otherwise participating in any contested matter, adversary proceeding, discovery dispute, evidentiary hearing, appeal, motion for reconsideration, or other litigation within or related to these chapter 11 cases arising from or relating to the letter-of-credit / collateral sufficiency dispute, the proposed replacement DIP financing, the Existing DIP Secured Parties' asserted rights, or any related issue concerning whether the Existing DIP Secured Parties have been paid in full or otherwise adequately protected or satisfied. Hicks Johnson's hourly rates are: Andrew S. Hicks $1,300 Corbin D. Houston $950 Attorneys $625 to $1,300 Paralegals $285 to $415 Andrew Hicks, Esq., an attorney at Hicks Johnson, 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: Andrew S. Hicks, Esq. Hicks Johnson, PLLC 1550 Lamar Street, Suite 1900 Houston, TX 77010 Phone: (713) 357-5150 Email: ahicks@hicksjohnson.com About Harvest Sherwood Food Distributors Harvest Sherwood is a U.S.-based national food distribution company formed through the merger of Sherwood Food Distributors and Harvest Food Distributors. It operates 14 distribution centers and delivers over 32 million pounds of food weekly to customers including retailers, cruise lines, and food service providers. In early 2025, the Company initiated the wind-down of its operations and is pursuing asset sales through Chapter 11 proceedings to facilitate an orderly wind down of its estates. On May 5, 2025, Harvest Sherwood Food Distributors, Inc., and its affiliates sought Chapter 11 protection (Bankr. N.D. Tex. Lead Case No. 25-80109). The Hon. Stacey G. Jernigan is the case judge. Harvest Sherwood listed $1 billion to $10 billion in assets against $500 million to $1 billion in liabilities as of the bankruptcy filing. The Debtors tapped Sidley Austin LLP as general bankruptcy counsel, MERU, LLC, as financial advisor, and Hilco Commercail Industrial LLC and Hilco Receivables, LLC, as restructuring advisor. EPIQ Corporate Restructuring, LLC, is the claims agent. The official committee of unsecured creditors retained McDermott Will & Emery LLP as counsel and Province, LLC as financial advisor. HERITAGE COAL: Chapter 11 Buyer Demands Prompt Refund Payment ------------------------------------------------------------- Vince Sullivan of Law360 Bankruptcy Authority reports that the companies tied to the former owners of Heritage Coal have petitioned a Delaware bankruptcy court for the immediate repayment of about $335,000, claiming they are entitled to a refund stemming from equipment acquired during the coal company's bankruptcy sale process. According to court filings, the purchasers argue the money was improperly retained after the transaction closed and that the governing sale documents require the bankruptcy estate to return the excess funds. They maintain that no outstanding obligations justify withholding the payment. The request places another post-sale dispute before the bankruptcy court, which must decide whether the estate is obligated to issue the refund now or whether additional proceedings are necessary before the money can be released, the report states. About Heritage Coal & Natural Resources LLC Heritage Coal & Natural Resources LLC is a coal mining company based in Meyersdale, Pennsylvania that specializes in coal extraction and processing operations in Somerset County. The company operates from its principal location at 1117 Shaw Mine Road and maintains multiple coal leases with regional landowners including Allegany Coal and Land Company, Beechwood Coal LLC, and Shaw Big Vein Coal Company for its mining operations. Heritage Coal & Natural Resources LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-10602) on March 30, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Mary F. Walrath handles the case. The Debtor is represented by Jeffrey R. Waxman at Morris James LLP. HOMETOWN CHIROPRACTIC: Gets Interim OK to Use Cash Collateral -------------------------------------------------------------- Hometown Chiropractic, LLC received another extension from the U.S. Bankruptcy Court for the Middle District of Tennessee to use cash collateral. The court entered a third interim order authorizing the Debtor to continue using cash collateral in accordance with the previously approved budgets, including a permitted variance of up to 10% for individual expense categories and in the aggregate. As adequate protection, creditors asserting liens on cash collateral will be granted replacement liens on the Debtor's post-petition property and proceeds, excluding avoidance action claims. These replacement liens are automatically perfected without the need for additional filings or possession of collateral. The Debtor reserves the right to challenge the validity or extent of any asserted liens at or before the final hearing. The court also directed all parties holding funds owed to the Debtor to immediately release those funds, regardless of any pre-petition demands or instructions from lienholders. Interference with the transfer of such funds may constitute a violation of the automatic stay. The order is available at https://is.gd/cmAZA0 from PacerMonitor.com. A final hearing is scheduled for July 15. Hometown Chiropractic'S financial distress was driven by Tactic Franchising's alleged franchise termination and arbitration, which disrupted cash flow, and by costly merchant cash advances in 2025 that strained liquidity and left unsustainable obligations. About Hometown Chiropractic LLC Hometown Chiropractic, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Tenn. Case No. 26-01799) on April 17, 2026. In the petition signed by Anne Peters, manager, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. Judge Charles M. Walker oversees the case. Michelle L. Spezia, Esq., at Johnson & Spezia, PLLC, represents the Debtor as legal counsel. Michael Abelow, Esq., at Sherrard Roe Voigt & Harbison, PLC, serves as Subchapter V trustee for the Debtor. HUBBARD INGREDIENTS: Gets Interim OK to Use Cash Collateral ----------------------------------------------------------- Hubbard Ingredients, LLC received interim approval from the U.S. Bankruptcy Court for the District of Kansas to join the motions to use cash collateral filed by its affiliates. The motions were filed by Integrated Proteins, LLC, Nutrihub, LLC and HFO Logistics, LLC in their respective Chapter 11 cases and were granted by the court on May 15, allowing them to use cash collateral under an approved budget through the final hearing. Under the court's interim order, Hubbard Ingredients is authorized to use cash and cash equivalents to fund its operations during the interim period based on the previously approved budget and is required to deposit all cash collateral into a new debtor-in-possession account at Nodaway Valley Bank. . As adequate protection, secured creditors including First Interstate Bank, Kompass Kapital Funding, LLC and various lenders were granted replacement and post-petition liens on assets acquired by Hubbard Ingredients after its bankruptcy filing. These creditors will not receive an improvement in position as a result of the liens granted under the interim order. A final hearing is scheduled for July 15. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/p6XZZ from PacerMonitor.com. About Hubbard Ingredients LLC Hubbard Ingredients, LLC is a food ingredients and agricultural products company engaged in the sourcing, processing, and distribution of ingredients for commercial customers. Hubbard Ingredients sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-20802) on May 27, 2026, with between $10 million and $50 million in both assets and liabilities. Honorable Chief Bankruptcy Judge Dale L. Somers handles the case. Hubbard Ingredients is represented by Bradley D. McCormack, Esq., at The Sader Law Firm. HUMBLE BARON: Gets Extension to Use Cash Collateral --------------------------------------------------- Humble Baron, Inc. received another extension from the U.S. Bankruptcy Court for the Eastern District of Tennessee to use cash collateral. At the recently held hearing, the court authorized the Debtor's interim use of cash collateral and set a final hearing for Aug. 3. The Debtor was initially allowed to access cash collateral under the court's June 17 interim order. This cash collateral includes cash on hand, subject to security interests of Unique Funding Solutions, LLC, Edward Don & Company, LLC and CT Corporation System, as representative. The interim order granted secured creditors adequate protection through a replacement lien, with the same validity, priority, and extent as their pre-petition liens. Additional safeguards include insurance coverage on the Debtor's assets and financial reporting. Creditors are also protected by the substantial equity cushion in the Debtor's cash collateral, cash equivalents, and general intangibles. About Humble Baron Inc. Humble Baron, Inc. operates a bar, restaurant, and entertainment venue in Shelbyville, Tennessee. It is located at Nearest Green Distillery. Humble Baron sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 26-11577) on June 5, 2026, with between $1 million and $10 million in both assets and liabilities. Judge Hon. Nicholas W. Whittenburg oversees the case. The Debtor is represented by: W. Thomas Bible, Jr., Esq. Law Office Of W. Thomas Bible, Jr. Tel: 423-424-3116 Email: ecfnoticing@tombiblelaw.com IMPAC MORTGAGE: Court Sets July 10 Administrative Claims Bar Date ----------------------------------------------------------------- On May 29, 2026, the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") entered an order (the "Confirmation Order") confirming the Joint Prepackaged Chapter 11 Plan of Reorganization of Impac Mortgage Holdings, Inc. and Affiliates Thereof (together with all exhibits thereto, and as may be amended, modified or supplemented, the "Plan") in the Chapter 11 Cases of the debtors and debtors in possession (collectively, the "Debtors"). The Effective Date of the Plan was June 10, 2026. As provided for in Section 8.18(b) of the Plan (defined term GUC Bar Date) and in the Confirmation Order, all proofs of claim in respect of any General Unsecured Claim against any of the Debtors must be filed no later than July 10, 2026 (the date that is 30 days after the Effective Date) electronically at https://www.veritaglobal.net/impacmortgage or via mail to Impac Mortgage Claims Processing Center c/o KCC dba Verita, 222 N. Pacific Coast Highway, Suite 300, El Segundo, CA 90245 so that they are received on or before July 10, 2026. Pursuant to section 502(b)(9) of the Bankruptcy Code, the deadline for all governmental units to file proofs of claim against any of the Debtors is October 23, 2026, at 5:00 p.m. (prevailing Eastern Time). Any governmental unit holding a claim against any of the Debtors that arose prior to the Petition Date must file a proof of claim on or before the Governmental Bar Date. As provided for in Section 3.2.1 of the Plan (defined term Administrative Claims Bar Date) and in the Confirmation Order, all requests for payment of an Administrative Claim, including for the avoidance of doubt any Administrative Claim arising under section 503(b)(9) of the Bankruptcy Code, must be filed with this Court and served on counsel to the Plan Administrator, counsel to the Debtors, and counsel to the U.S. Trustee no later than July 10, 2026 (the date that is 30 days after the Effective Date). As provided for in Section 3.2.2 of the Plan and in the Confirmation Order, all final applications for payment of the Professional Fee Claims must be filed with this Court and served on counsel to the Debtors and the Plan Administrator no later than July 10, 2026 (the date that is 30 days after the Effective Date), unless otherwise ordered by this Court or such later date is agreed to by the Reorganized Debtors. As provided for in Section 9.4 of the Plan and in the Confirmation Order, unless otherwise provided by a Bankruptcy Court Order, any Proofs of Claim asserting Rejection Claims pursuant to the Plan or otherwise must be submitted to the Plan Administrator by August 10, 2026 (the date that is sixty (60) days after the Effective Date). Rejection Claims shall be classified as General Unsecured Claims and shall be treated in accordance with Section 3.3.6 of the Plan, as applicable. Any Rejection Claims that are not timely submitted to the Plan Administrator pursuant to Section 9.4 of the Plan shall be forever disallowed and barred. Copies of the Confirmation Order (entered at Docket No. 165) may be examined free of charge at https://www.veritaglobal.net/impacmortgage. The Confirmation Order is also on file with the Bankruptcy Court and may be viewed by accessing the Bankruptcy Court’s website with a PACER password and login, which can be obtained at www.pacer.psc.uscourts.gov. Counsel for Debtors and Debtors in Possession: Laura Davis Jones, Esq. David M. Bertenthal, Esq. Timothy Cairns, Esq. PACHULSKI STANG ZIEHL & JONES LLP 919 North Market Street, 17th Floor Wilmington, DE 19899 Tel: (302) 652-4100 Email: ljones@pszjlaw.com debertenthal@pszjlaw.com tcairns@pszjlaw.com - and - Tania M. Moyron, Esq. Van C. Durrer, II, Esq. DENTONS US LLP 601 S. Figueroa Street #2500 Los Angeles, CA 90017 Tel: (213) 623-9300 Email: tania.moyron@dentons.com van.durrer@dentons.com - and - John D. Beck, Esq. Geoffrey M. Miller, Esq. DENTONS US LLP 1221 Avenue of the Americas New York, NY 10020 Tel: (212) 768-6700 Email: john.beck@dentons.com geoffrey.miller@dentons.com About Impac Mortgage Holdings Inc. Impac Mortgage Holdings, Inc., is a financial services company primarily engaged in mortgage lending, servicing, and related real estate activities in the United States. Impac Mortgage Holdings, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10593) on April 26, 2026. In its petition, the Debtor reports estimated assets and liabilities each ranging from $10 million to $50 million. The Debtors tapped Dentons US LLP as bankruptcy counsel, Pachulski Stang Ziehl & Jones LLP as local counsel, and Development Specialist, Inc., as financial advisor. Kurtzman Carson Consultants, LLC is the Debtors' claims and noticing agent. INSPIRED HEALTHCARE: DST Committee Taps Holland & Knight as Counsel ------------------------------------------------------------------- The official committee of Delaware Statutory Trust (DST) Investors of Inspired Healthcare Capital Holdings, LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Holland & Knight LLP as its counsel. The firm will render these services: a. advise the DST Committee with respect to its rights, duties, and powers in these Bankruptcy Cases; b. assist and advise the DST Committee in its consultations with the Debtors in connection with the administration of these Bankruptcy Cases; c. assist the DST Committee in its investigation of the acts, conduct, assets, liabilities, and financial condition of the Debtors, operation of the Debtors' businesses and the desirability of continuing or selling such businesses and/or assets under section 363 of the Bankruptcy Code, the formulation of a Chapter 11 plan, and other matters relevant to these Bankruptcy Cases; d. assist the DST Committee in analyzing the claims of the Debtors' creditors, DST Investors, and the Debtors' capital structure, and in negotiating with holders of claims and equity interests, including analysis of possible objections to the nature, extent, validity, priority, amount, subordination, or avoidance of claims and/or transfers of property in consideration of such claims; e. advise and represent the DST Committee in connection with matters generally arising in these Bankruptcy Cases, including the obtaining of credit, the sale of assets, and the rejection or assumption of executory contracts and unexpired leases; f. appear before the Court, and any other federal, state, or appellate court; g. prepare, on behalf of the DST Committee, any pleadings, including without limitation, motions, memoranda, complaints, objections, and responses to any of the foregoing; and h. perform such other legal services as may be required or are otherwise deemed to be in the interests of the DST Committee in accordance with the DST Committee's powers and duties as set forth in the Bankruptcy Code, Bankruptcy Rules, or other applicable law. The firm's current hourly rates are: Partners $925 to $1,770 Associates $575 to $995 Paralegals $175 to $500 Steven Levitt, Esq., a partner of Holland & Knight LLP, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Steven J. Levitt, Esq. Brent R. McIlwain, Esq. HOLLAND & KNIGHT LLP 17232 Routh Street, Suite 1500 Dallas, TX 75201 Telephone: 214.969.1700 Email: steven.levitt@hklaw.com Email: brent.mcilwain@hklaw.com About Inspired Healthcare Capital Holdings Inspired Healthcare Capital Holdings, LLC, owns senior living communities across the U.S. that provide independent living, assisted living, and memory care services. It operates in the senior housing and healthcare real estate sector, with day-to-day community operations managed by third-party operators under management agreements while the Company retains control over non-community business functions. Inspired Healthcare Capital Holdings sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case No. 26-90004) on Feb. 2, 2026. In the petition signed by M. Benjamin Jones, chief restructuring officer, Inspired Healthcare Capital Holdings reported between $1 billion and $10 billion in both assets and liabilities. Judge Mark X. Mullin oversees the cases. The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy counsel; Ankura Consulting Group, LLC as financial advisor; Raymond James & Associates, Inc. as investment banker; and Epiq Corporate Restructuring, LLC as claims, noticing, and solicitation agent. The Debtors hired DLA Piper LLP (US) as conflicts counsel and Reid Collins & Tsai LLP as special litigation counsel. BDO USA, P.C. serves as tax accountant. The official committee of unsecured creditors appointed hired Berkeley Research Group, LLC as financial advisor; Greenberg Traurig, LLP as attorney; and Vartabedian Katz Hester & Haynes LLP as its conflicts counsel. Ferguson Braswell Fraser Kubasta PC represents the Ad Hoc Committee of DST Investors. Jones Walker, LLP represents the Ad Hoc Group of Lenders in Inspired Healthcare Capital Income Fund 5. Holland & Knight, LLP represents the Ad Hoc Group of Unencumbered DST Investors. The U.S. Trustee for Region 6 appointed Mairead Painter as patient care ombudsman at Connecticut senior living facility; Timothy Hunter as patient care ombudsman at Minnesota senior living facility; Terri Cantrell as patient care ombudsman at Florida senior living facilities; Salli Pung as patient care ombudsman at the Michigan senior living facilities; Amanda Celentano as patient care ombudsman at Maryland senior living facility; Kelly Richards as patient care ombudsman at Illinois senior living facilities; Marie Coe as patient care ombudsman at Nevada senior living facilities; and Melanie McNeil as patient care ombudsman at Georgia senior living facilities. Susan Goodman of Pivot Health Law, LLC and Laurie Facciarossa Brewer were also named as patient care ombudsman. INSPIRED HEALTHCARE: DST Committee Taps Kane Russell as Co-Counsel ------------------------------------------------------------------ The official committee of Delaware Statutory Trust (DST) of Inspired Healthcare Capital Holdings, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Kane Russell Coleman Logan PC as its co-counsel. The firm's services include: a. providing the DST Committee with legal advice concerning its duties, powers and rights in relation to the Debtors and the administration of the Chapter 11 Cases; b. assisting the DST Committee in the investigation of the acts, conduct, assets, and liabilities of the Debtors and any other matters relevant to the case or to the formulation of a plan of reorganization or liquidation; c. assisting the DST Committee and Debtors in the formulation of a chapter 11 plan, or if appropriate, to formulate the DST Committee's own plan of reorganization or liquidation; d. taking such action necessary to preserve and protect the rights of all of DST Debtor investors (i.e., the DST Committee's constituents); e. investigating potential causes of action against third parties for the benefit of the Debtors' bankruptcy estates; f. preparing on behalf of the DST Committee all necessary applications, pleadings, adversary proceedings, answers, reports, orders, responses, and other legal documents; g. investigating and analyzing liens, security interests and similar potential actions applicable to purported secured creditors; h. participating in bidding procedures, sale hearings, any proposed auction, and related activities; i. conducting appropriate discovery and investigations into the Debtors' operations, valuation of assets, lending relationships, management, Debtors' affiliates, and causes of action; and j. performing all other legal services which may be necessary and in the best interests of the investors of the DST Debtors' estates. The firm's 2026 standard hourly rate are: Joseph M. Coleman, Director $1,025 Morris D. Weiss, Director $1,025 Mark C. Taylor, Director $935 Jason B. Binford, Director $795 Kyle Woodard, Director $685 JaKayla J. DaBera, Associate $575 Paralegals $355 to $375 In addition, the firm will seek reimbursement for expenses incurred. The firm provides the following response to the request for information set forth in Paragraph D of the Fee Guidelines: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed post-petition, explain the difference and the reasons for the difference. Response: Not applicable. Question: Has your client approved your prospective budget and staffing plan, and, if so, for what budget period? Response: The DST Committee and KRCL expect to work together to develop a staffing plan for the Chapter 11 Cases, including a division of labor between KRCL and Holland Knight, as co-counsel. Joseph Coleman, Esq., a partner at Dechert, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Joseph M. Coleman, Esq. Kane Russell Coleman Logan PC Bank of America Plaza 901 Main Street, Suite 5200 Dallas, TX 75202 Phone: 214-777-4280 Email: jcoleman@krcl.com About Inspired Healthcare Capital Holdings Inspired Healthcare Capital Holdings, LLC, owns senior living communities across the U.S. that provide independent living, assisted living, and memory care services. It operates in the senior housing and healthcare real estate sector, with day-to-day community operations managed by third-party operators under management agreements while the Company retains control over non-community business functions. Inspired Healthcare Capital Holdings sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case No. 26-90004) on Feb. 2, 2026. In the petition signed by M. Benjamin Jones, chief restructuring officer, Inspired Healthcare Capital Holdings reported between $1 billion and $10 billion in both assets and liabilities. Judge Mark X. Mullin oversees the cases. The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy counsel; Ankura Consulting Group, LLC as financial advisor; Raymond James & Associates, Inc. as investment banker; and Epiq Corporate Restructuring, LLC as claims, noticing, and solicitation agent. The Debtors hired DLA Piper LLP (US) as conflicts counsel and Reid Collins & Tsai LLP as special litigation counsel. BDO USA, P.C. serves as tax accountant. The official committee of unsecured creditors appointed hired Berkeley Research Group, LLC as financial advisor; Greenberg Traurig, LLP as attorney; and Vartabedian Katz Hester & Haynes LLP as its conflicts counsel. Ferguson Braswell Fraser Kubasta PC represents the Ad Hoc Committee of DST Investors. Jones Walker, LLP represents the Ad Hoc Group of Lenders in Inspired Healthcare Capital Income Fund 5. Holland & Knight, LLP represents the Ad Hoc Group of Unencumbered DST Investors. The U.S. Trustee for Region 6 appointed Mairead Painter as patient care ombudsman at Connecticut senior living facility; Timothy Hunter as patient care ombudsman at Minnesota senior living facility; Terri Cantrell as patient care ombudsman at Florida senior living facilities; Salli Pung as patient care ombudsman at the Michigan senior living facilities; Amanda Celentano as patient care ombudsman at Maryland senior living facility; Kelly Richards as patient care ombudsman at Illinois senior living facilities; Marie Coe as patient care ombudsman at Nevada senior living facilities; and Melanie McNeil as patient care ombudsman at Georgia senior living facilities. Susan Goodman of Pivot Health Law, LLC and Laurie Facciarossa Brewer were also named as patient care ombudsman. J. PATRICK LEE: Unsecureds to Get Share of Income for 3 Years ------------------------------------------------------------- J. Patrick Lee Construction, LLC, filed with the U.S. Bankruptcy Court for the Southern District of Mississippi a Disclosure Statement describing Plan of Reorganization dated June 15, 2026. The Debtor, a limited liability company, is a commercial construction and trucking company based out of Picayune, Mississippi. At this time, the majority of the Debtor's business is hauling materials through its trucking operations. The Debtor suffered a significant decrease in cash flow during the latter part of 2025. To increase cash flow, the Debtor turned to loans from merchant cash advance ("MCA") companies. These events forced the Debtor to seek Chapter 11 bankruptcy relief. The Debtor will continue to operate its business in the ordinary course. The Debtor intends to restructure the loans on its vehicles and equipment to cut costs and increase cash flow. The Debtor also intends to sell off unnecessary equipment, reduce all operating expenses, and, if necessary, reduce payroll. Class 18 consists of General Unsecured Creditors. The unsecured Creditors in this case will receive, for the three-year life of the Plan, the Debtor's gross revenues, initially, and then deducted from that will be overhead/costs of operation; payment of Secured Claims; payment of administrative expense Claims; payment of priority Claims; and sufficient funds to carry the Debtor from the last month of each twelve-month post-confirmation period to the next month or two, with the resulting cash being the net operating income of the Debtor for years 1, 2 and 3 of the Plan. Upon determination of the net operating income, the Debtor will make distributions to Unsecured Creditors on a pro-rata basis 30 days after the anniversary dates of the effective date of the Plan in years 1, 2 and 3 of the post-confirmation reorganization. The equity security holders will maintain their equity security interests in the Debtor. Feasibility in the trucking industry when success for the Debtor's type of business operations is dependent upon several factors is not an easy task. At this point in time, the Debtor's business operations have been steady since the bankruptcy filing. A full-text copy of the Disclosure Statement dated June 15, 2026 is available at https://urlcurt.com/u?l=78n7jz from PacerMonitor.com at no charge. Counsel to the Debtor: Craig M. Geno, Esq. Law Offices of Geno and Steiskal, PLLC 601 Rennaisance Way, Suite A Ridgeland, MS 39157 Telephone: (601) 427-0048 Facsimile: (601) 427-0050 E-mail: cmgeno@cmgenolaw.com About J. Patrick Lee Construction J. Patrick Lee Construction, LLC, based in Picayune, Mississippi, engages in heavy and civil engineering construction projects, including local infrastructure, municipal improvements, and residential site development. The Company participates in public and private construction contracts within Pearl River County and surrounding areas. J. Patrick Lee Construction sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Miss. Case No. 25-51858) on Dec. 10, 2025. In the petition signed by Patrick Lee, owner/managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Katharine M. Samson oversees the case. The Debtor is represented by the Law Offices of Geno and Steiskal, PLLC. JACKSON HOSPITAL: Court Rejects Bid for Higher BCBS Alabama Rates ----------------------------------------------------------------- Madeline Scheetz of Becker's Payer Issues reports that a U.S. bankruptcy judge has rejected Jackson Hospital's emergency request to force Blue Cross Blue Shield of Alabama to raise reimbursement rates, dealing a setback to the Montgomery-based hospital’s restructuring efforts. The hospital, currently in Chapter 11 proceedings, had argued that unequal reimbursement rates threatened its ability to remain viable. According to court documents, Jackson Hospital's board had considered closing the facility if it did not receive reimbursement increases or additional capital by late June. The hospital sought parity with nearby Baptist Medical Center South, claiming the disparity placed it at a competitive disadvantage. Judge Christopher Hawkins found that the hospital did not meet the required legal threshold for emergency relief, concluding it had not shown a strong likelihood of success. He also noted that the hospital's financial challenges were partially self-inflicted and highlighted the availability of substantial government funding, the report states. BCBS Alabama said it appreciated the court’s decision and reiterated its focus on protecting members while expressing hope that Jackson Hospital can remain open. The insurer added that it remains open to finding a resolution that preserves patient access to care. About Jackson Hospital & Clinic Jackson Hospital & Clinic, Inc., is a non-membership, non-profit corporation based in Alabama. JHC is the direct or indirect parent company of JHC Pharmacy, LLC, an Alabama limited liability company that provides pharmacy services to JHC patients. JHC owns 100% of JHC Pharmacy. Additionally, JHC is a direct or indirect parent company of certain other entities that have not filed for bankruptcy. JHC operates a 344-bed healthcare facility in Montgomery, Ala., with a rich history dating back to 1894. Since its official opening in 1946, JHC has grown into one of the largest hospitals in Alabama, offering specialized services in cardiac care, cancer treatment, neurosciences, orthopedics, women's care, and emergency services. JHC's service area includes 16 counties across central Alabama. JHC and JHC Pharmacy filed Chapter 11 petitions (Bankr. M.D. Ala. Lead Case No. 25-30256) on Feb. 4, 2025. In its petition, JHC reported between $100 million and $500 million in both assets and liabilities. Judge Christopher L. Hawkins handles the cases. The Debtors are represented by Derek F. Meek, Esq. at Burr & Forman, LLP. JAGUAR HEALTH: Amends Royalty Deal With Uptown, Streeterville ------------------------------------------------------------- Jaguar Health, Inc. disclosed in a regulatory filing that it entered into Amendment No. 5 to the royalty interest in the original principal amount of $12 million, as amended with Uptown Capital, LLC (f/k/a Irving Park Capital, LLC), pursuant to which Section 2.2 of the Uptown 2020 Royalty Interest was deleted and replaced in its entirety such that, beginning on October 1, 2026, the monthly Royalty Payment shall be the greater of: (a) $750,000.00, and (b) the actual Royalty Payment amount Uptown is entitled to for such month pursuant to Section 2.1 of the Uptown 2020 Royalty Interest. Streeterville 2022 Royalty Interest Global Amendment No. 5 The Company also entered into Amendment No. 5 to the royalty interest in the original principal amount of $12 million dated August 24, 2022, as amended with Streeterville Capital, LLC, pursuant to which Section 2.2 of the Streeterville 2022 Royalty Interest was deleted and replaced in its entirety such that initiation of monthly payments shall be extended from July 1, 2026 to October 1, 2026, the monthly Royalty Payment shall be the greater of: (a) $750,000.00, and (b) the actual Royalty Payment amount Streeterville is entitled to for such month pursuant to Section 2.1 of the Streeterville 2022 Royalty Interest. Full text copies of the Uptown 2020 Royalty Interest Global Amendment No. 5 and Streeterville 2022 Royalty Interest Global Amendment No. 5 are available at https://tinyurl.com/56h5cw89 and https://tinyurl.com/4xnwhjad, respectively. About Jaguar Health Jaguar Health Inc. develops novel proprietary prescription drugs sustainably derived from plants for people with complicated gastrointestinal disease states. Its family companies include Napo Pharmaceuticals Inc., which is developing a highly concentrated lyophilized crofelemer powder for oral solution for intestinal failure, including microvillus inclusion disease and short bowel syndrome with intestinal failure, while Napo Therapeutics S.p.A. is focused on expanding global access to crofelemer and developing therapies for orphan and rare gastrointestinal conditions. In an audit report dated April 7, 2026, RBSM LLP issued a "going concern" qualification, stating that the company has an accumulated deficit, recurring losses, and expects continuing future losses. These conditions raise substantial doubt about the Company's ability to continue as a going concern As of Dec. 31, 2025, the Company reported total assets of $38.32 million, total liabilities of $57.01 million, and a total stockholders' deficit of $18.69 million. JAGUAR HEALTH: Extends Streeterville Note Maturity to Oct. 1 ------------------------------------------------------------ Jaguar Health, Inc. disclosed in a regulatory filing that the Company and its wholly owned subsidiary, Napo Pharmaceuticals, Inc., entered into Amendment No. 4 to a secured promissory note with Streeterville Capital, LLC. The note, originally issued on January 19, 2021, had an original principal amount of $6,220,812.50 and was issued pursuant to a Note Purchase Agreement entered into by the parties on the same date. Under Amendment No. 4, the maturity date of the note was extended from July 1, 2026, to October 1, 2026. A full text copy of the 2021 Note Amendment No. 4 is available at https://tinyurl.com/ycnvpt5w About Jaguar Health Jaguar Health Inc. develops novel proprietary prescription drugs sustainably derived from plants for people with complicated gastrointestinal disease states. Its family companies include Napo Pharmaceuticals Inc., which is developing a highly concentrated lyophilized crofelemer powder for oral solution for intestinal failure, including microvillus inclusion disease and short bowel syndrome with intestinal failure, while Napo Therapeutics S.p.A. is focused on expanding global access to crofelemer and developing therapies for orphan and rare gastrointestinal conditions. In an audit report dated April 7, 2026, RBSM LLP issued a "going concern" qualification, stating that the company has an accumulated deficit, recurring losses, and expects continuing future losses. These conditions raise substantial doubt about the Company's ability to continue as a going concern As of Dec. 31, 2025, the company reported total assets of $38.32 million, total liabilities of $57.01 million, and a total stockholders' deficit of $18.69 million. JAGUAR HEALTH: Swaps Series Q Preferred Shares for Common Shares ---------------------------------------------------------------- Jaguar Health, Inc. announced in a regulatory filing that it has entered into three privately negotiated exchange agreements with Streeterville Capital, LLC, pursuant to which an aggregate of 10.88 outstanding shares of Series Q Perpetual Preferred Stock were exchanged for an aggregate of 110,249 shares of the Company's common stock, par value $0.0001 per share, with all exchanged preferred shares cancelled and retired upon completion of each transaction. First Exchange Agreement On June 9, 2026, the Company entered into a privately negotiated exchange agreement with Streeterville, pursuant to which the Company issued 34,798 shares of the Company's common stock, par value $0.0001, to Streeterville in exchange for an aggregate of 3.8 outstanding shares of Series Q Preferred Stock held by Streeterville. Upon completion of such exchange, the First Exchanged Preferred Shares were cancelled and retired. Second Exchange Agreement On June 17, 2026, the Company entered into another privately negotiated exchange agreement with Streeterville, pursuant to which the Company issued 36,796 shares of Common Stock to Streeterville in exchange for an aggregate of 3.4 outstanding shares of Series Q Preferred Stock held by Streeterville, which when combined with the First Exchange Shares resulted in the aggregate issuance by the Company of more than 5% of the Company's issued and outstanding shares of Common Stock, as last reported in the Company's Quarterly Report on Form 10-Q filed on May 20, 2026. Upon completion of such exchange, the Second Exchanged Preferred Shares were cancelled and retired. Third Exchange Agreement On June 18, 2026, the Company entered into another privately negotiated exchange agreement with Streeterville, pursuant to which the Company issued 38,655 shares of Common Stock to Streeterville in exchange for an aggregate of 3.68 outstanding shares of Series Q Preferred Stock held by Streeterville. Upon completion of such exchange, the Third Exchanged Preferred Shares were cancelled and retired. As previously disclosed, on May 19, 2026, the Company sold and issued to Streeterville an aggregate of 408 shares of Series Q Preferred Stock in two privately negotiated exchange transactions. Full text copies of the Exchange Agreements are available athttps://tinyurl.com/5cy7exjv, https://tinyurl.com/4h4ccr5j and https://tinyurl.com/45s7uwab, respectively. About Jaguar Health Jaguar Health Inc. develops novel proprietary prescription drugs sustainably derived from plants for people with complicated gastrointestinal disease states. Its family companies include Napo Pharmaceuticals Inc., which is developing a highly concentrated lyophilized crofelemer powder for oral solution for intestinal failure, including microvillus inclusion disease and short bowel syndrome with intestinal failure, while Napo Therapeutics S.p.A. is focused on expanding global access to crofelemer and developing therapies for orphan and rare gastrointestinal conditions. In an audit report dated April 7, 2026, RBSM LLP issued a "going concern" qualification, stating that the company has an accumulated deficit, recurring losses, and expects continuing future losses. These conditions raise substantial doubt about the Company's ability to continue as a going concern As of Dec. 31, 2025, the company reported total assets of $38.32 million, total liabilities of $57.01 million, and a total stockholders' deficit of $18.69 million. JANE STREET: S&P Alters Outlook to Positive, Affirms 'BB' ICR ------------------------------------------------------------- S&P Global Ratings revised its outlook on Jane Street Group LLC to positive from stable and affirmed its ratings, including its 'BB' issuer credit and secured debt ratings. The positive outlook indicates that S&P could raise the rating in the next 12-24 months if it believes the company's franchise growth and diversification is sustainable and will result in more stable revenue and earnings, while also taking steps to strengthen and institutionalize its risk management capabilities and maintaining a solid operational track record with limited regulatory or other event risk. Jane Street Group has substantively expanded its markets and broadened its products traded and increased its market share in many segments. The company has also been enhancing its risk management capabilities to address the increased complexity from its business growth and expanded scale. S&P's positive outlook considers Jane Street Group's (JSG) franchise growth in scale and scope to become one of the largest U.S. financial institutions in terms of earnings and capital. Founded in 2000, JSG is a New York-based holding company for several regulated broker-dealer and nonregulated subsidiaries in the U.S., Europe, and Asia-Pacific that principally trade and make markets in a broad mix of U.S. and non-U.S. financial instruments. After years of continuous investment, JSG's franchise build out in the products, markets, and geographies it trades, has meaningfully boosted its revenues and capital. Jane Street has successfully established meaningful market share in new geographies and asset classes such as fixed income, options, and commodities derivatives. The company has also expanded its bilateral trading business and market share in the wholesaling of U.S. retail equity and equity options orders. S&P said, "Our positive outlook also considers management's efforts to build out and enhance its enterprise risk and liquidity management that if successfully executed, could help JSG navigate business and operational risks. Over the last several years, and in our opinion especially since receiving an Interim Order from the Securities and Exchange Board Of India (SEBI) in July 2025, we think management has focused on more proactively managing risks. It earlier added self-clearing capabilities and in our opinion has become more proactive in managing its prime broker (PB) relationships, including extending the locks on term margins at its PBs. In addition, the company has evolved its liquidity stress testing framework and raised its target daily average minimum liquidity buffer. "That said, we continue to see the firm's growth focus as a risk . JSG continues to expand at a very fast pace, as seen in a surge in the total size of its balance sheet, margins posted to prime brokers, and value-at-risk on trading positions, indicating the firm's comparatively higher risk appetite versus that of peers in our view. We think such a growth focus can manifest a number of risks, including regulatory risk. While SEBI's market manipulation allegation remains unresolved and the company strongly denies any wrongdoing, we believe JSG has not faced material additional regulatory or counterparty risks since receiving the order. The direct financial cost to the company from SEBI's order has so far been modest, and has not hurt revenue growth, and the required escrow deposit from SEBI's Interim Order represents a very small percentage of JSG's total adjusted capital. "Our ratings affirmation reflects our expectation that JSG will maintain strong capitalization and earnings as its business grows. We also consider the firm's reliance on short-term wholesale funding, along with its high-risk appetite and volatile principal trading business as a partial offset to these strengths. We estimated a risk-adjusted capital (RAC) ratio of 10.7% at the end of the first quarter of 2026, down from 12.1% in the second quarter of 2025. The decline was largely driven by a large increase in market risk and revenue used in RAC to calculated operational risks. However, we expect the company to maintain a RAC ratio around 11%. While JSG operated with members' equity of about $55 billion as of March 2026 and continues to have impressive earnings. "The positive outlook indicates that we could raise the rating in the next 12-24 months if we believe the company's franchise growth and diversification is sustainable and will result in more stable revenue and earnings, while also taking steps to strengthen and institutionalize its risk management capabilities and maintain a solid operational track record with limited regulatory or other event risk." In the next 12 months, S&P could revise the outlook to stable, if it expects: -- More challenges managing the firm's increasingly complicated and growing business; -- Increased regulatory scrutiny or signs of reputational risk that could erode the firm's franchise or profitability; -- RAC ratio consistently below 11%; -- Weakening of funding or liquidity, such as material erosion in the gross stable funding ratio or required margin to net trading capital ratio. S&P could raise Jane Street's ratings in the next 12-24 months if it thinks the firm's franchise growth and diversification is sustainable and that it has established a suitable record without material incidents, reputational risk, or additional regulatory scrutiny, and if S&P expects: -- Demonstrated capacity to manage the rapid growth of its business and balance sheet with appropriate guardrails in terms of capital, funding and liquidity, and overall risks; -- The RAC ratio remain above 11%. Greater resiliency to revenue variability from market and economic cycles. JOEEFI LLC: Foreclosure Sale Scheduled for July 15, 2026 -------------------------------------------------------- U.S. Bank National Association, as Trustee for the benefit of Holders of J.P. Morgan Chase Commercial Mortgage Securities Corp., Multifamily Mortgage Pass-Through Certificates, Series 2018-SB47, Plaintiff - against - JOEEFI LLC, THE ESTATE OF JOSEPH GOLDBERGER, EVA GOLDBERGER, et al., Defendants. Pursuant to that certain Final Judgment of Foreclosure and Sale entered herein and dated May 18, 2026, Stephen Ginsberg, Esq., the Receiver, will sell at public auction outside of the Worth Street side entrance of the Daniel Patrick Moynihan United States Courthouse located at 500 Pear Street, New York, NY 10007 on Wednesday, July 15, 2026 at 10:00 a.m., Eastern Prevailing Time, that certain premises situate, lying and being in the Borough and County of Bronx, City and State of New York, bounded and described as follows: BEGINNING at a point on the southerly side of East 182 Street, distant 49, 97 feet westerly from the corner formed by Intersection of the said southerly side of East 182nd Street with the westerly side of 3rd Avenue; being a plot 80 feet by 53 feet by 80 feet by 53 feet. Block: 3048, Lot: 30. Bidding Instructions: Interested bidders must appear at the auction and be prepared to immediately pay, by certified or bank check, with checks made payable to "STEPHEN GINSBERG, AS RECEIVER", a deposit amounting to at least ten percent (10%) of the sum bid, unless the successful bidder is Plaintiff, in which case no deposit against the purchase price shall be required. In the event the first successful bidder fails to execute terms of sale or pay the ten (10%) deposit as required immediately following the bidding, the Premises shall be reoffered at auction. Cash and personal checks will not be accepted. Said premises is known as and located at 546 E. 182ND STREET, BRONX, NY ("Premises"). This approximate amount of lien is $3,434,126.53, plus interest and costs. Premises will be sold subject to revisions of filed Judgement and Terms of Sale. Civil Action No. 1:24-cv-03966 (VEC) Attorney(s) for Plaintiff: Keith Blackman, Esq. AKERMAN LLP 1251 Avenue of the Americas, 37th Floor, New York, NY 10020 KATAPULT HOLDINGS: Amends Merger Agreement for Board Expansion -------------------------------------------------------------- Katapult Holdings, Inc. announced in a regulatory filing that it entered into an amendment to the Agreement and Plan of Merger, dated as of December 11, 2025, by and among Katapult, Katapult Merger Sub 1, Inc., a Delaware corporation and wholly-owned indirect subsidiary of Katapult, Katapult Merger Sub 2, LLC, a Delaware limited liability company and wholly-owned indirect subsidiary of Katapult, CCF Holdings LLC, a Delaware limited liability company, and Aaron's Intermediate Holdco, Inc., a Delaware corporation. The Merger Agreement originally contemplated that the size of the Katapult Board would be increased to nine members and that Lynn DeVault, Gene Schutt and Orlando Zayas would be appointed to the Katapult Board and placed in the class of the Katapult Board whose term ends at the second annual meeting of stockholders following the Closing. Pursuant to the Amendment to the Merger Agreement, the Katapult Board will be increased to 10 members and Philip Bartow III will be appointed to such class alongside Lynn DeVault, Gene Schutt and Orlando Zayas. Amendment to the Stockholders Agreement Katapult also entered into an amendment to the Stockholders Agreement, dated as of December 11, 2025, by and among Katapult and certain equityholders of Aaron's and CCFI. The Stockholders Agreement originally contemplated that the size of the Katapult Board would be increased to nine members and that Lynn DeVault, Gene Schutt and Orlando Zayas would be appointed to the Katapult Board and placed in the class of the Katapult Board whose term ends at the second annual meeting of stockholders following the Closing. Pursuant to the Amendment to the Stockholders Agreement, the Katapult Board will be increased to ten (10) members and Philip Bartow III will be appointed to such class alongside Lynn DeVault, Gene Schutt and Orlando Zayas. The Stockholders Agreement also originally contemplated that for three (3) years following the Closing, any increase in the size of the Katapult Board above nine directors will require approval of eighty percent (80%) of the members of the then current Katapult Board. Pursuant to the Amendment to the Stockholders Agreement, for three years following the Closing, any increase in the size of the Katapult Board above 10 directors shall require the affirmative vote of at least 80% of the members of the then current Katapult Board; provided that such affirmative vote includes at least one of Lynn DeVault or Will Jones (or any substitute director designated pursuant to the Stockholders Agreement to replace either Lynn DeVault or Will Jones). About Katapult Holdings Inc. Katapult Holdings, based in Plano, Texas, is a technology driven lease-to-own platform that integrates with omnichannel retailers and e-commerce platforms to power the purchasing of everyday durable goods for underserved U.S. non-prime consumers. As of December 31, 2025, the Company had $107.9 million in total assets, $118 million in total liabilities, $27.9 million in total mezzanine equity, and $38.1 million in total stockholders' deficit. Philadelphia, Pennsylvania-based Grant Thornton LLP, the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 12, 2026, citing that the impending maturity of the Company's credit facility and uncertainty about the Company's ability to meet financial covenant requirements of the credit facility over a forward-looking period raise substantial doubt about the Company's ability to continue as a going concern. KESKIN INC: Unsecured Creditors to Get 5 Cents on Dollar in Plan ---------------------------------------------------------------- Keskin, Inc. filed with the U.S. Bankruptcy Court for the District of Maryland a Disclosure Statement in support of First Plan of Reorganization dated June 18, 2026. The Debtor operates a restaurant in Columbia, Maryland. The Debtor employs staff and incurs ordinary operating expenses including payroll, food and liquor costs, rent, utilities, and related business expenses. In the period preceding the bankruptcy filing, the Debtor incurred obligations to several merchant cash advance lenders and commercial lenders, including the U.S. Small Business Administration (EIDL loan), Radiance Funding, Forward Financing, Web Bank, Rewards Network Establishment Services Inc., and US Food, Inc., among others. The cumulative debt service obligations on these loans became unsustainable relative to the Debtor's operating cash flow. Additionally, the Debtor faced employment-related claims and attorney's fees related to those claims that further strained its financial resources. The filing of this Chapter 11 case was necessary to allow the Debtor to restructure its debts and continue operating its restaurant as a going concern for the benefit of its employees, creditors, and the community it serves. The Plan provides for the reorganization of the Debtor as a going concern. The Debtor will continue to operate its restaurant business and make payments to creditors over a sixty-month Plan term from projected disposable income. Class 3 consists of General Unsecured Claims (Web Bank, Radiance Funding, Forward Financing, Rewards Network, US Food, Hoffman Employment Law, BGE, others). Pro-rata share of disposable income after senior claims. Estimated recovery approximately 5 cents on the dollar. The allowed unsecured claims total $259,800. This Class is impaired. The Plan will be funded exclusively from the ongoing revenue generated by the Debtor's restaurant operations. Beginning thirty days after the Effective Date, the Debtor will make monthly Plan payments from disposable income. The Debtor's projected monthly revenues are approximately $82,000, with monthly operating disbursements of approximately $77,000, generating projected net cash flow available for Plan payments. A full-text copy of the Disclosure Statement dated June 18, 2026 is available at https://urlcurt.com/u?l=2eZq7k from PacerMonitor.com at no charge. Counsel to the Debtor: Michael P. Coyle, Esq. THE COYLE LAW GROUP 7061 Deepage Drive, Ste 101B Columbia, MD 21045 Telephone: (443) 545-1215 About Keskin Inc. Keskin Inc., operating as RM Grill (https://www.rmgrill.com/), a restaurant business located in Columbia, Maryland. Keskin Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-17696) on August 1, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $50,000 and $100,000. The Debtor is represented by Michael Patrick Coyle, Esq. at The Coyle Law Group, LLC. KEY POINT: Seeks to Hire Cecille Doan LLC as Bankruptcy Counsel --------------------------------------------------------------- Key Point Arkansas LLC received approval from the U.S. Bankruptcy Court for the Eastern District of Arkansas to hire The Law Offices of Cecille Doan, LLC as counsel. The firm will render these services: a. give Debtor legal advice with respect to its powers and duties as Debtor-in-Possession of its organization and management of the property; b. prepare on behalf of Debtor, as Debtor in Possession, a Petition, Schedules, Statement of Financial Affairs, any necessary deficient schedules and other documents, applications, answers, orders, reports, complaints, motions, etc. file such required documents, and to appear before this Court and any other court in reference thereto; and c. perform all other legal services for Debtor in Possession that may be necessary to effectuate a reorganization of Debtor's financial affairs. The firm will be paid at these rates: Attorneys $310 per hour Support Staffs $85 per hour The firm will be paid a retainer of $10,000. In addition, the firm will seek reimbursement for its out-of-pocket expenses. As disclosed in the court filings, Law Offices of Cecille Doan, LLC does not represent any of the creditors in this proceeding or any other adverse party in interest in this proceeding. The firm can be reached through: Cecille Doan, Esq. The Law Offices of Cecille Doan, LLC The Stephens Building 111 Center St., Suite 1200 Little Rock, AR 72201 Telephone: (501) 400-7395 Facsimile: (501) 500-6072 Email: bk@cashanddoan.com Email: cecille@cashanddoan.com About Key Point Arkansas LLC Key Point Arkansas, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Ark. Case No. 26-12265) on June 8, 2026, with between $100,001 and $500,000 in both assets and liabilities. Anh-Thu Cecille Doan, Esq., at the Law Offices Of Cecille Doan represents the Debtor as bankruptcy counsel. KNOWLTON DEVELOPMENT: S&P Rates New First-Lien Term Loans 'B-' -------------------------------------------------------------- S&P Global Ratings assigned its 'B-' issue-level rating and '3' recovery rating to Knowlton Development Corp. Inc.'s proposed US$1.27 billion and EUR512 million first-lien term loans due 2031 (issued by KDC US Holdings Inc.). The '3' recovery rating indicates its expectation for meaningful (50%-70%; rounded estimate: 55%) recovery in the event of a default. The company intends to use the proceeds from these facilities to refinance its existing term loans due 2028. It is also extending the maturity of its $360 million revolving credit facility to 2031. S&P said, "Pro forma for the new issuance, we estimate Knowlton's leverage will be about 6.6x, which is consistent with its results for the 12-months ended January 2026. We expect the company will reduce its leverage to 6.3x as of the end of fiscals 2026 and 2027 supported by the rebound in its Scented and Living sales--particularly in the household care and pest control end markets--during the fourth quarter, alongside contributions from its acquisition of Barony." Knowlton's performance in the second and third quarters was adversely impacted by customer inventory rebalancing, unfavorable year-over-year comparisons in certain categories, and the onboarding of new facilities. S&P said, "We have raised our 2027 top-line revenue growth projections to the low-teens percent area, from the mid-single digit percent area previously, due to its new business wins and our expectation for modest EBITDA growth. However, we believe the company's margin expansion will take longer than previously anticipated, given the ramp-up time required for its new facilities (from the increase in utilization stemming from the onboarding of new customers and the subsequent improvement in fixed-cost absorption). However, because it has now completed the majority of its new facility expansions, we expect Knowlton will reduce its capital expenditure to more normalized levels in 2027, enabling it to generate positive free operating cash flow (FOCF) in fiscal 2027. However, given the company's acquisitive growth strategy, we expect that it will use its FOCF for bolt-on acquisitions or to expand into adjacent white spaces as well as for debt reduction. "The stable outlook reflects our expectation Knowlton will improve its debt to EBITDA to the 5.5x-6.0x range and its EBITDA interest coverage to the 2.5x-3.0x range in fiscal year 2027. We anticipate the company will increase its EBITDA generation year over year, spurred by the additional revenue from its new business wins, leading to improved profitability." Issue Ratings--Recovery Analysis Key analytical factors -- S&P expects its issue-level and recovery ratings on Knowlton's secured debt will remain unchanged following the extension of its existing $360 million revolving credit facility and its $1.27 billion and EUR512 million first-lien term loans. -- KDC US Holdings Inc. and KDC/ONE Development Corp. Inc. are coborrowers of the first-lien term loan facility. -- S&P's simulated default scenario assumes a default in 2028 following a prolonged period of weak macroeconomic conditions, increased competition, the loss of key customers, or a significant decline in demand. -- S&P assumes the company would reorganize or be sold as a going concern as opposed to being liquidated. -- S&P values Knowlton on a going-concern basis using a 6x multiple of its projected emergence EBITDA, which corresponds to the company's estimated fixed charges in 2028. Simulated default assumptions -- Simulated year of default: 2028 -- EBITDA at emergence: US$228.3 million -- EBITDA multiple: 6x Simplified waterfall -- Gross recovery value: US$1.37 billion -- Net recovery value for waterfall after administrative expenses (5%): US$1.30 billion -- Obligor/nonobligor valuation split: 82%/18% -- Estimated priority claims: US$0 million -- Value available for first-lien claim: US$1.30 billion -- Estimated first-lien claim: US$2.21 billion --Recovery expectations: 50%-70% (rounded estimate: 55%) LAKE BUENA VISTA: Court Extends Cash Collateral Access to Aug. 31 ----------------------------------------------------------------- Lake Buena Vista Investments, LLC received another extension from the U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division to use cash collateral. The court issued a fifth interim order extending the Debtor's authority to use cash collateral through August 31 to fund regular business expenses as outlined in its budget. To facilitate this, Wilmington Trust, N.A., DBR Investments Co. Limited's successor-in-interest, was directed to immediately release necessary funds from the Debtor's lockbox account so that the Debtor could continue operations without disruption. The Debtor may vary budgeted expenses by up to 10% per line item and 10% overall. Professional fees included in the budget may not be paid until the court grants further approval. The budget projects total operational expenses of $375,544 from July to September. To protect Wilmington Trust's interest, the court granted the secured lender a post-petition lien on all cash generated after the bankruptcy filing, but only to the extent and in the order of priority of any existing valid pre-bankruptcy lien. This lien is deemed automatically perfected without the need for additional filings or documentation. The Debtor must also make a $108,000 interest payment. The next hearing is set for July 15. Wilmington Trust, as secured lender, is represented by: Morgan L. Swing, Esq. Duane Morris LLP 201 S. Biscayne Blvd., Suite 3400 Miami, FL 33131 Telephone: 305-960-2200 Facsimile: 305-960-2201 mlswing@duanemorris.com About Lake Buena Vista Investments LLC Lake Buena Vista Investments, LLC is a Florida-based limited liability company engaged in activities related to real estate under NAICS 5313. Its principal assets are located at 12341-12353 Winter Garden Vineland Road in Orlando, Florida, a site encompassing hospitality and commercial properties. Lake Buena Vista Investments sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-06768) on October 21, 2025, listing between $10 million and $50 million in both assets and liabilities. The petition was signed by Jack Flechner as manager. Judge Hon. Grace E Robson oversees the case. The Debtor is represented by Aaron A. Wernick, Esq., at Wernick Law, PLLC. LAKE BUENA: Plan Exclusivity Period Extended to July 6 ------------------------------------------------------ Judge Grace E. Robson of the U.S. Bankruptcy Court for the Middle District of Florida extended Lake Buena Vista Investments, LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to July 6 and Sept. 6, 2026, respectively. In a court filing, the Debtor is in the process of evaluating its financial projections in connection with a proposed plan of reorganization. An appraisal of the property is currently underway and is expected to materially impact the terms of the proposed plan. Accordingly, the Debtor requires additional time to complete the appraisal process and finalized the terms of the proposed plan. This Motion is the Debtor's second request for an extension of exclusivity and solicitation. The Debtor asserts that it is seeking an extension in good faith and not to unnecessarily delay the progress of the case. Such an extension, if granted, will not prejudice the legitimate interests of creditors and other parties in interest. The Debtor's Counsel: Aaron Wernick, Esq. WERNICK LAW PLLC 2255 Glades Rd. Ste 324A Boca Raton, FL 33431 Tel: (561) 961-0922X1 E-mail: aw@wernicklaw.com About Lake Buena Vista Investments Lake Buena Vista Investments, LLC, is a Florida-based limited liability company engaged in activities related to real estate under NAICS 5313. Its principal assets are located at 12341-12353 Winter Garden Vineland Road in Orlando, Florida, a site encompassing hospitality and commercial properties. Lake Buena Vista Investments sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-06768) on Oct. 21, 2025, listing between $10 million and $50 million in both assets and liabilities. The petition was signed by Jack Flechner as manager. Judge Hon. Grace E Robson oversees the case. The Debtor is represented by Aaron A. Wernick, Esq., at Wernick Law, PLLC. LAZARUS INDUSTRIES: Taps Pheterson Spatorico as Special Counsel --------------------------------------------------------------- Lazarus Industries, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of New York to retain Pheterson Spatorico, LLP as special counsel. The firm will provide these services: (a) provide legal advice, representation, and assistance to the Debtor in connection with an application seeking costs and the imposition of financial sanctions; (b) prepare and file motions or orders to show cause seeking sanctions, including supporting affirmations and memoranda of law; (c) conduct legal research and engage in motion practice related to the proceedings; (d) appear for oral argument and handle post-decision motions or related proceedings; and (e) represent and assist the Debtor in appellate proceedings in New York State courts. Mr. Derrick Spatorico, Esq. will receive compensation at an hourly rate of $500. Pheterson Spatorico, LLP is described as a "disinterested person" within the meaning of the Bankruptcy Code, with no adverse interest to the Debtor, its estate, or creditors, and no improper connections or fee-sharing arrangements. The firm can be reached at: Derrick A. Spatorico, Esq. PHETERSON SPATORICO, LLP 145 Culver Road, Suite 100 Culver Road Armory Rochester, NY 14620 About Lazarus Industries Lazarus Industries, LLC is a construction, fabrication, and manufacturing company based in Buffalo, New York. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.Y. Case No. 25-10417) on April 16, 2025. In the petition signed by Frank Lazarus, managing member, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Carl L. Bucki oversees the case. The Debtor tapped Frederick J. Gawronski, Esq., at Colligan Law, LLP as bankruptcy counsel and Sage Law Firm Group PLLC as special counsel. LIFE TIME: S&P Raises Issuer Credit Rating to 'BB', Outlook Stable ------------------------------------------------------------------ S&P Global Ratings raised all of its ratings on fitness company Life Time Inc., including its issuer credit rating to 'BB' from 'BB-' and its issue-level rating on its senior secured debt to 'BBB-' from 'BB+'. The stable outlook incorporates S&P's expectations that increased revenue and EBITDA will reduce S&P Global Ratings-lease-adjusted leverage to the mid- to low-3x area through 2027. S&P said, "The upgrade reflects our expectation that operating momentum will continue over the next 24 months and leverage will be sustained below 3.75x. Life Time outperformed our forecasts in the first quarter of 2026 due to solid increases in its center memberships and dues, strong member engagement, and good demand for in-center offerings. First-quarter revenue increased approximately 12% year over year, driven by 8.6% growth in same-center revenue. This reflects higher average dues, membership expansion, improved mix in new and ramping centers, as well as higher member utilization of in-center offerings. The company continues to optimize its membership mix and is deemphasizing qualified medical memberships, which have significantly lower dues, and theses qualified medical memberships decreased about 15% while all other center memberships increased 3.7% year over year. "As a result, net leverage improved to 3.5x for the 12 months ended March 31, 2026, from about 4x for the same period last year. We expect Life Time to reduce leverage to the low- to mid-3x area in 2026 and the low-3x area by 2027. We expect the company will maintain leverage below 3.75x as it continues to execute its growth strategy. The strong quarter supports its full-year guidance of 10%-12% revenue growth from continued membership engagement and 14 new clubs. We believe Life Time's offering of high-end health clubs full of amenities will continue to resonate with high-end fitness consumers and fitness enthusiasts. "Under our base-case forecast, Life Time will increase memberships in the low-single-digit percent area in 2026 as it opens additional locations. We expect qualified memberships, which pay lower dues, to decrease by about 10%-15%. We also expect revenue growth from higher average monthly spending per member as the company optimizes its membership mix and pricing strategy, as well as low-teens percent growth in high-margin segments such as personal training and other amenities. The high flow-through of incremental revenue to Life Time's EBITDA--due to its good coverage of its fixed-charge base and efficient cost structure supports our lease adjusted EBITDA margin forecast in the high-30% area. "We expect the company will maintain its S&P Global Ratings net adjusted leverage of below 3.75x as it continues to execute its growth strategy. We no longer assess Life Time as influenced by financial sponsors and believe the company will adhere to its financial policy and make prudent capital allocation decisions in line with public rated companies. We expect it will prioritize near-term growth, taking advantage of the large white space for its clubs and partaking in opportunistic share repurchases. Life Time has a net leverage target of 2x or below, however the calculation does not include operating leases and is typically about 2x lower than our lease-adjusted measure." Life Time's financial sponsors, Leonard Green & Partners L.P. (LGP) and its TPG Inc. (TPG) and their affiliates, reduced their common stock ownership to under 20% through a share buyback transaction and concurrent sale of shares to an affiliate of Atairos in May 2026. As a result, the voting group, which consists of financial sponsors and CEO Bahram Akradi's ownership, was diminished to about 29%. Life Time now complies with the New York Stock Exchange corporate governance rules to establish a majority independent board and the sponsors now hold less than 50% of the board seats. S&P believes releveraging risk is low and that the company will maintain its stated financial policy. S&P said, "While we expect minimal free operating cash flow, we anticipate a strong return on investment from Life Time's new locations. We assume $1.1 billion-$1.25 billion annual capital expenditure (capex) in 2026 to develop 14 clubs and that the company will continue to open new clubs at this pace as part of its high growth strategy. Our base case assumes that Life Time can finance this capex with internally generated cash flow and proceeds from additional sale-leaseback transactions. This will enable the company to maintain its rapid expansion strategy by taking advantage of the significant white space across the U.S., strong demand from consumers' continued focus on health and wellness, and its luxury product. Life Time executed a sale-leaseback of $200 million in April 2026 and expects to complete $400 million for the full year. While its reliance on sale-leasebacks to accelerate expansion entails some incremental financing risk, we believe the high return on investment--due to the fast ramping-up of new locations--addresses strong underlying demand for fitness clubs, which will more than outweigh the incremental financing risk." A worse-than-anticipated macroeconomic environment in the U.S. and elevated competitive pressure could lead to weaker-than-expected revenue and margins. S&P said, "While our base-case forecast of good revenue and EBITDA growth in 2026 and 2027, we believe a material recession could cause the company to underperform our revenue and EBITDA forecast." In addition, inflationary pressure could weaken EBITDA margins and reduce cash flow if Life Time cannot offset cost increases by expanding its membership base or raising membership prices. Competition from mid-tier and low-cost fitness operators could also exacerbate these pressures. An ongoing shift in consumer spending toward experiences and in-person fitness options may mitigate macroeconomic pressures. Life Time is continuously enhancing its clubs across its wide geographic footprint to provide additional value through ancillary offerings such as dynamic stretch and MIORA. These changes came in response to members' increasing desire to holistically integrate health and wellness into fitness. These factors could help mitigate the risk that consumers will trade down to lower-cost fitness operations amid a potentially challenging economic environment. S&P said, "The stable outlook on Life Time incorporates our expectations for revenue and EBITDA growth, and for S&P Global Ratings-lease-adjusted leverage to decrease to the mid- to low-3x area through 2027, which will provide a good cushion to our 3.75x downgrade threshold. "We could lower the rating on Life Time to stable if we no longer believe it will sustain S&P Global Ratings-adjusted leverage below 3.75x, which could occur due to some combination of a pullback in memberships, brand deterioration, or leveraging mergers and acquisitions. "An upgrade is unlikely over the next 12 months given our base-case forecast and Life Time's current financial policy. However, we could consider a one-notch upgrade if Life Time sustains S&P Global Ratings-lease-adjusted leverage of comfortably below 3x, incorporating potential shareholder distributions or acquisitions." LONG ISLAND: Taps Richard S. Feinsilver as Legal Counsel -------------------------------------------------------- Long Island Artisan Wine & Spirit Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Richard S. Feinsilver, Esq. to handle its Chapter 11 case. The firm will be paid at these hourly rates: Richard Feinsilver, Attorney $500 Legal Assistants $100 In addition, the firm will seek reimbursement for expenses incurred. Prior to petition date, the firm received a retainer of $15,000 from the Debtor. Richard S. Feinsilver, Esq., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Richard S. Feinsilver, Esq. One Old Country Road, S 347 Carle Place, NY 11514 Tel: (516) 873-6330 Fax: (516) 873-6183 Email: feinlawny@yahoo.com About Long Island Artisan Wine & Spirit Inc. Long Island Artisan Wine & Spirit Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-70645) on Feb. 13, 2026, listing up to $1 million in assets and up to $50,000 in liabilities. Judge Sheryl P. Giugliano oversees the case. The Debtor is represented by Heath S. Berger, Esq., at BFSNG Law Group, LLP. LORENZO'S DOG: Taps Steel & Company Law Firm as Bankruptcy Counsel ------------------------------------------------------------------ Lorenzo's Dog Training Team LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Ohio to hire Steel & Company Law Firm as attorney. The firm's services include: (a) file and monitor the Debtor's Chapter 11 case; (b) advise the Debtor of its obligations and duties; (c) execute the Debtor's decisions by filing with the court motions, objections, and other relevant documents; (d) appear before the court on all matters in this case relevant to the interests of the Debtor; (e) assist the Debtor in the administration of the Chapter 11 case; and (f) take such other actions as are necessary to protect the rights of the Debtor's estate. The firm will be paid at these rates: Attorney / Principal $395 per hour Attorney / Associate $175 per hour Paralegals/Law Clerks $50 per hour In addition, the firm will seek reimbursement for expenses incurred. Prior to the filing of the chapter 11 case, Debtor paid the firm a retainer in the amount of $30,000. Michael Steel, Esq., an attorney at Steel and Company, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Michael A. Steel, Esq. Steel & Company Law Firm 2950 West Market Street, Suite G Fairlawn, OH 44333 Telephone: (303) 223-5050 Email: msteel@steelcolaw.com About Lorenzo's Dog Training Team LLC Lorenzo's Dog Training Team, LLC operates a dog training education organization for individuals seeking to become dog trainers. The company is based in Cleveland, Ohio. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Case No. 26-12667) on June 9, 2026, with up to $50,000 in assets and up to $10 million in liabilities. Timothy L. Miller, president of Lorenzo's Dog Training Team, signed the petition. Judge Suzana Krstevski Koch oversees the case. Michael A. Steel, Esq., at Michael Steel, represents the Debtor as legal counsel. LUGANO DIAMONDS: Compass Diversified Reaches Settlement in Ch. 11 ----------------------------------------------------------------- Compass Diversified announced on June 24, 2026, that it entered into a settlement and plan support agreement tied to the Chapter 11 cases of former portfolio company Lugano Diamonds & Jewelry, resolving all claims brought by or on behalf of Lugano's bankruptcy estate over alleged misconduct by Lugano's former CEO. The deal positions CODI to receive portions of proceeds from inventory sales, tax refunds, insurance and litigation recoveries through a liquidation trust, while securing releases of claims against CODI and allowing the company to refocus on deleveraging and other strategic priorities once the plan of liquidation is approved. CODI has agreed to support and vote in favor of Lugano's proposed plan of liquidation, which will incorporate the settlement and must still win creditor approval and bankruptcy court confirmation before any recoveries are paid. Although CODI retains a contingent right to further distributions after other unsecured creditors are made whole, it does not expect that right to yield a material recovery, underscoring that the primary benefit of the agreement is expedited resolution, reduced legal uncertainty and clearer visibility for stakeholders on CODI's exposure to the Lugano bankruptcy. SETTLEMENT AGREEMENT On June 24, 2026, Compass Diversified also announced the settlement agreement concerning the Chapter 11 bankruptcy of Lugano Diamonds & Jewelry Inc. and its associated debtors. This agreement, made in collaboration with Lugano and its official committee of unsecured creditors, will be integrated into Lugano's proposed liquidation plan and outlines how CODI will recover funds from the Lugano estate. The settlement agreement reached by Compass Diversified is significant as it aims to expedite the bankruptcy resolution process for Lugano Diamonds & Jewelry Inc. By backing Lugano's liquidation proposal, CODI is positioning itself to recover funds more efficiently than through prolonged legal disputes. The agreement outlines specific recoveries from the Lugano estate, including proceeds from asset sales, tax refunds, and insurance payouts, which could provide CODI with a more reliable path to financial recovery. Compass Diversified Holdings operates as a diversified business conglomerate, primarily focusing on branded consumer and industrial businesses. With a market cap of approximately $763.64 million, CODI has a diverse portfolio that includes brands such as Ergobaby and Liberty Safe. The company is headquartered in Westport, Connecticut, and has operations across several regions, including the United States, Canada, and Europe. About Lugano Diamonds & Jewelry Inc. Lugano Diamonds & Jewelry, Inc. designs, manufactures, and retails high-end jewelry, offering rings, necklaces, earrings, bracelets, and brooches produced through an in-house workshop and a network of specialized vendors. It operates boutiques in affluent and destination markets such as Newport Beach, Aspen, Houston, Palm Beach, Chicago, and Ocala, and also sells through equestrian events and pop-up showrooms. Lugano Diamonds & Jewelry and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-12055) on November 16, 2025. The affiliates that filed for Chapter 11 separately are Lugano Buyer Inc. (Case No. 25-12052), K.L.D. Jewelry LLC (Case No. 25-12053), Lugano Prive LLC (Case No. 25-12054), and Lugano Prive LLC (Case No. 25-12056). In its petition, Lugano Diamonds & Jewelry reported assets of between $100 million and $500 million and liabilities of between $500 million and $1 billion. J. Michael Issa, chief restructuring officer, signed the petition. Judge Brendan Linehan Shannon presides over the cases. The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Keller Benvenutti Kim, LLP as bankruptcy counsel; GlassRatner Advisory & Capital Group, LLC as restructuring advisor; and Armory Securities, LLC as investment banker. Omni Agent Solutions, Inc. is the Debtors' claims, noticing and administrative agent. The U.S. Trustee for Region 3 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Pachulski Stang Ziehl & Jones, LLP as legal counsel and Force Ten Partners, LLC as financial advisor. MAXUM GENESIS: Seeks 90-Day Extension of Plan Filing Deadline ------------------------------------------------------------- Maxum Genesis Group, Inc., asked the U.S. Bankruptcy Court for the Eastern District of Virginia to extend its time to file a plan of reorganization for additional ninety days. Since the Petition Date, the Debtor has timely complied with its obligations under the Bankruptcy Code and proceeded in good faith. The Debtor and its professionals worked diligently to prepare financial projections supporting a confirmable Plan and, at the time of the Status Conference, the Debtor anticipated filing its Plan well before its deadline under section 1189. However, the Debtor has faced several unanticipated roadblocks that were outside of its control and that have limited its current operations and materially changed its near-term financial outlook. Among other things, the Debtor's suppliers and contractors have required additional deposits from the Debtor before performing work, which has prevented the Debtor from completing current jobs, resulting in less income to the Debtor and difficulty bidding on and obtaining new projects. Although the Debtor believes it can overcome this change in circumstances, the Debtor requires additional time to address these issues, prepare new financial projections, and make any necessary revisions to its draft Plan. The Debtor explains that the change in circumstances was the result of unexpected restrictions placed on it by suppliers and contractors that were beyond its control. Given that the Debtor has proceeded in good faith and timely complied with its other obligations in this case, it would not be just or fair to hold the Debtor responsible for these circumstances. Further, without an extension to file a Plan, the Debtor would be left to convert or dismiss its case, resulting in prejudice to the Debtor's creditors, who would likely receive only a nominal, if any, distribution from liquidation of the Debtor's business. By contrast, the Debtor believes that if the Court grants it additional time and allows the Debtor to obtain post-petition financing, the Debtor can complete its current jobs, provide assurances to suppliers and contractors, and thus continue to grow its future business prospects and net income, resulting in a greater chance of distributions to the Debtor's creditors. About Maxum Genesis Group Maxum Genesis Group, Inc., filed a Chapter 11 bankruptcy petition (Bankr. E.D. Va. Case No. 26-31259-BFK) on March 25, 2026. Maxum Genesis Group is represented by: Robert S. Westermann, Esq. Christopher A. Hurley, Esq. Spotts Fain PC 411 East Franklin Street, Suite 600 Richmond, VA 23219 Telephone: (804) 697-2000 Facsimile: (804) 697-2100 E-mail: rwestermann@spottsfain.com churley@spottsfain.com MAZCOTA LLC: Gets Interim OK to Use Cash Collateral --------------------------------------------------- Mazcota, LLC received interim approval from the U. S. Bankruptcy Court for the Western District of Missouri to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral solely for operating expenses in accordance with a court-approved budget. The Debtor's cash collateral consists of revenue and deposits generated by its operations, which may be subject to liens held by lenders. Although the Debtor has not yet completed its review of the asserted liens, it believes the U.S. Small Business Administration holds the first-priority lien on the cash collateral. The SBA will be granted adequate protection from any diminution in the value of its collateral through a replacement lien on post-petition rents, income, and proceeds. The secured creditor will also continue to receive monthly payments of $731 until a Chapter 11 plan is confirmed. Additional safeguards include insurance coverage on the collateral. The interim order does not determine the validity, priority, or enforceability of any liens or claims and preserves the rights and defenses of the Debtor and other parties in interest. A final hearing is scheduled for July 9, with objections due by July 8. About Mazcota LLC Mazcota, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Mo. Case No. 26-50059) on February 18, 2026, with $50,001 to $100,000 in assets and $1 million to $10 million in liabilities. Judge Cynthia A. Norton presides over the case. Ryan A. Blay, Esq., at Wm Law represents the Debtor as bankruptcy counsel. MAZZEI GROUP: Case Summary & Seven Unsecured Creditors ------------------------------------------------------ Debtor: The Mazzei Group LLC 691-695 Bay Street Staten Island, NY 10304 Business Description: The Mazzei Group LLC is a real estate company that owns and leases a single property. Chapter 11 Petition Date: June 24, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-43105 Judge: Hon. Jil Mazer-Marino Debtor's Counsel: H Bruce Bronson, Esq. BRONSON LAW OFFICES PC 480 Mamaroneck Ave Harrison, NY 10528 Tel: (914) 269-2530 Fax: (888) 908-6906 E-mail: hbbronson@bronsonlaw.net Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Melissa Mazzei as vice president and treasurer. 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/LT5D2YI/The_Mazzei_Group_LLC__nyebke-26-43105__0001.0.pdf?mcid=tGE4TAMA MEGA BROADBAND: S&P Affirms 'B+' ICR, On CreditWatch Positive ------------------------------------------------------------- S&P Global Ratings removed all its ratings on Mega Broadband Investments Intermediate I LLC (MBI), including the 'B+' ICR, from CreditWatch, where S&P placed them with positive implications on Jan. 13, 2026, and affirmed them. The stable outlook reflects S&P's expectation that Cable One's acquisition of MBI will close in the fourth quarter of 2026 and the consolidated entity will operate with leverage in the 4.6x-4.7x range. On June 23, 2026, S&P Global Ratings placed its 'BB-' issuer credit rating (ICR) on Cable One Inc. on CreditWatch with negative implications to reflect its expectation for pressured earnings following the company's previously announced acquisition of the remaining ownership stake in Mega Broadband Investments Intermediate I LLC (MBI) that it didn't already own. S&P said, "Upon the close of the transaction, we expect to lower our ICR on Cable One to 'B+', which will remove the potential ratings uplift to our 'B+' ICR on MBI because it will already be in line with our ICR on its new parent. "We no longer expect Cable One's planned acquisition of the remaining ownership stake in MBI will provide credit uplift. On June 23, 2026, we placed our ratings on Cable One, including the 'BB-' ICR, on CreditWatch with negative implications. The CreditWatch placement reflected the company's weakened operating performance, our forecast credit metrics on a fully consolidated basis (including MBI), and the likelihood we will lower our issuer credit rating on Cable One to 'B+' from 'BB-' (in line with our 'B+' ICR on MBI) upon the close of the transaction. We forecast the consolidated entity's S&P Global Ratings-adjusted leverage will be in the 4.6x-4.7x range through 2027, which is above our 4.5x downside threshold for the current 'BB-' rating. We expect the transaction will close in October 2026. "The stable outlook reflects our expectation that Cable One's acquisition of MBI will close in the fourth quarter of 2026 and the consolidated company will operate with leverage in the 4.6x-4.7x range. "We could lower our rating on Cable One if its credit risk worsens upon the close of the deal, which would likely lead us to take a negative rating action on MBI to align the ICR with our rating on its parent. If the transaction is not completed, we will reassess our ratings on MBI on a stand-alone basis. "While unlikely over the next 12 months, we could raise our rating on MBI if we take a positive rating action on Cable One because that would provide uplift. Additionally, if the transaction does not close, we will reassess our ratings on MBI on a stand-alone basis." MEGA KYON: Seeks Approval to Hire Your QB Guru Inc. as Bookkeeper ----------------------------------------------------------------- Mega Kyon, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to employ Your QB Guru, Inc. as its bookkeeper. The firm will provide the Debtor with post-petition bookkeeping services, including general ledger entries, bank account reconciliations and profits and loss statements under the same terms and conditions as set forth in the Engagement letter. QB Guru shall be paid on an hourly basis at a rate of $79. QB Guru does not hold or represent any interest adverse to the interest of the Debtor, according to court filings. The firm can be reached through: Danielle Casey Your QB Guru, Inc. 500 Franklin Village Drive, Suite 210 Franklin, MA 02038 Phone: (508) 655-2255 Email: Danielle@YourQBGuru.com About Mega Kyon, Inc. Mega Kyon, Inc., doing business as Pet Supplies Plus, operates a pet supplies retail store at 1150 Newport Ave. in Attleboro, Massachusetts. The company sells pet food, supplies, and related products for dogs, cats, reptiles, small animals, wild birds, and other pets. It also provides grooming, dog wash, veterinary clinic access, online ordering, curbside pickup, and same-day delivery services. Mega Kyon, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Case No. 26-40523) on May 4, 2026, listing $262,309 in assets and $1,840,224 in liabilities. The petition was signed by John Barris as president. Judge Elizabeth D Katz presides over the case. Marques Lipton, Esq. at LIPTON LAW GROUP, LLC serves as the Debtor's counsel. Stephen Darr of Huron Consulting Group serves as Subchapter V trustee for the Debtor. MFP ONE: Commences Chapter 7 Bankruptcy in Texas ------------------------------------------------ On June 22, 2026, MFP One Real Estate Investment, Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of Texas. According to court filings, the debtor reports between $1 million and $10 million in debt owed to 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on July 28, 2026 at 10:00 AM via Zoom - Spicer: Meeting ID 707 056 0340, Passcode 2104473206, Phone 1-469-397-0792. About MFP One Real Estate Investment, Inc. MFP One Real Estate Investment, Inc. is a Texas-based real estate investment company engaged in the acquisition, ownership, management, and investment of real property assets. MFP One Real Estate Investment, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42705) on June 22, 2026. In its petition, the debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Edward L. Morris handles the case. The debtor is represented by Behrooz P. Vida, Esq. of The Vida Law Firm, PLLC. MIRACLE RESTAURANT: Hires Lugenbuhl Wheaton as Bankruptcy Counsel ----------------------------------------------------------------- Miracle Restaurant Group, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to hire Lugenbuhl, Wheaton, Peck, Rankin & Hubbard (A Law Corporation) as bankruptcy counsel. The firm's services include: a. advising the Debtor with respect to its rights, powers and duties as Debtor and Debtor-in-possession in the continued operation and management of the business and property; b. preparing and pursuing confirmation of a plan of reorganization as a Debtor that is proceeding under subchapter V and pursuing approval of the disclosure statement and plan confirmation should the Debtor cease to elect to continue under Subchapter V; c. preparing, on behalf of the Debtor, all necessary applications, motions, answers, proposed orders, other pleadings, notices, schedules and other documents, and reviewing all financial and other reports to be filed; d. advising the Debtor concerning, and preparing responses to, applications, motions, pleadings, notices and other documents which may be filed by other parties; e. appearing in Court to protect the interests of the Debtor; f. representing the Debtor in connection with use of cash collateral and/or obtaining post-petition financing; g. advising the Debtor concerning and assisting in the negotiation and documentation of financing agreements, cash collateral orders and related transactions; h. investigating the nature and validity of liens asserted against the property of the Debtor, and advising the Debtor concerning the enforceability of said liens; i. investigating and advising the Debtor concerning and taking such action as may be necessary to collect income and assets in accordance with applicable law, and the recovery of property for the benefit of the Debtor's estate; j. advising and assisting the Debtor in connection with any potential property dispositions; k. advising the Debtor concerning executory contract and unexpired lease assumptions, assignments and rejections and lease restructuring, and recharacterizations; l. assisting the Debtor in reviewing, estimating and resolving claims asserted against the Debtor's estate; m. commencing and conducting litigation necessary and appropriate to assert rights held by the Debtor, protect assets of the Debtor's Chapter 11 estate or otherwise further the goal of completing the Debtor's successful reorganization; and n. performing all other legal services for the Debtor which may be necessary and proper in this case. The firm will be paid at these rates: Douglas S. Draper $500 per hour Greta M. Brouphy $400 per hour Michael E. Landis $350 per hour Paralegals $200 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Draper disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Douglas S. Draper, Esq. Lugenbuhl, Wheaton, Peck, Rankin & Hubbard (A Law Corporation) 601 Poydras Street, Suite 2755 New Orleans, LA 70130 Tel: (504) 568-1990 Fax: (504) 310-9195 Email: ddraper@lawla.com About Miracle Restaurant Group Miracle Restaurant Group, LLC owns and operates a fast-food restaurant in Covington, La. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 24-11158) on June 20, 2024, with $1 million to $10 million in both assets and liabilities. Dwayne Murray, Esq., at Murray & Murray, LLC, serves as Subchapter V trustee. Judge Meredith S. Grabill presides over the case. The Debtor is represented by Douglas S. Draper, Esq., and Michael E. Landis, Esq., at Heller, Draper & Horn, LLC. First Franchise Capital Corp., as secured creditor, is represented by Jeffrey M. Hendricks, Esq., at Bricker Graydon, LLP, in Cincinnati, Ohio. MSCI INVESTMENTS: Unsecured Creditors to Get Share of $200K Pool ---------------------------------------------------------------- MSCI Investments, Inc., and TEMSCO, Inc., filed with the U.S. Bankruptcy Court for the Eastern District of Texas a First Amended Joint Plan of Reorganization under Subchapter V dated June 17, 2026. MSCI Investments, Inc. is a Texas corporation in the business of providing commercial electric contract services that provide reduced costs to their customers. TEMSCO, Inc. is a Texas corporation in the business of actually installing commercial electrical contract services. The Debtors filed these Cases because they were involved in very expensive litigation that was affecting the companies' abilities to operate due to heavy litigation costs. Class MSCI 3 Allowed Unsecured Claims in the amount of $2,379,613.43. These Claims shall share Pro Rata in a $200,000.00 pool of funds to be contributed by the Debtor monthly over a period of 60 months. The Debtor will fund $3,333 per month, starting on the Effective Date, from which each Class 3 Claimant shall receive a Pro Rata share for 60 months. Class 3 Claims will be fully satisfied by these monthly payments. These Claims are Impaired, and the holders of these Claims are entitled to vote to accept or reject the Plan. Class 4 Equity Interests. All existing Equity Interests in the Debtor shall be cancelled and extinguished as of the Effective Date. Each existing Equity Interest Holder shall receive, in full and final satisfaction of their cancelled interests, a pro rata distribution from a cash pool of $100,000.00 funded by equal monthly payments over 60 months commencing on the Effective Date. Any existing Equity Interest Holder who elects to retain equity in the Reorganized Debtor must pay $100,000.00 per holder on or before the Effective Date, in which case new equity in the Reorganized Debtor shall be issued to such holder in proportion to their payment. New equity in the Reorganized Debtor shall otherwise be issued to the entity identified in the Plan Supplement, which shall contribute $100,000.00 in equal monthly installments of $1,667.00 over 60 months, the proceeds of which shall fund the pro rata distributions to cancelled Equity Interest Holders. No dividends or other distributions of value will be made on. Class TEMSCO 7 Allowed Unsecured Claims. These Claims shall share Pro Rata in a $200,000.00 pool of funds to be contributed by the Debtors over a period of 60 months. The Debtors will fund $3,333 per month, starting on the Effective Date, from which each Class 3 Claimant shall receive a Pro Rata share for 60 months. Class 3 Claims will be fully satisfied by these monthly payments. These Claims are Impaired, and the holders of these Claims are entitled to vote to accept or reject the Plan. Class TEMSCO 8 Equity Interest Holders. There will be no change in the Equity Interests of this Debtor and the existing Equity Holders shall retain their interests for the payment of new value in the amount of $100,000. No dividends or other distributions of value will be made to the Equity Interests as part of this Plan until the claims provided for in the Plan are paid as agreed herein. The Debtors will fund the Plan payments from the net profits generated by their businesses unless otherwise provided for in the Plan. Mitch Cook will acquire the Equity Interests exchanged for $200,000 being funded under this Plan. There will be no change in the Equity Interests in Temsco and the interests shall be retained for the payment of new value in the amount of $100,000. A full-text copy of the First Amended Joint Plan dated June 17, 2026 is available at https://urlcurt.com/u?l=uUY70V from PacerMonitor.com at no charge. Counsel to the Debtor: Joyce W. Lindauer, Esq. Paul B. Geilich, Esq. LINDAUER & VAUGHN 117 S. Dallas St. Ennis, TX 75119 Telephone: (972) 503-4033 Facsimile: (972) 503-4034 About MSCI Investments Inc. MSCI Investments, Inc. is a Texas-based financial services firm specializing in investment management and advisory services. MSCI Investments sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Texas Case No. 26-41318) on April 15, 2026, with up to $10 million in both assets and liabilities. Mitchell Cook, president of MSCI Investments, signed the petition. Joyce Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC, represents the Debtor as bankruptcy counsel. NAVA HEALTH: 60-Day Extension for Plan Filing Granted ----------------------------------------------------- Judge Brian F. Kenney of the U.S. Bankruptcy Court for the Eastern District of Virginia extended NAVA Health MD, Inc. ("NHMD") and NAVA Health Medical Group, LLC's ("NHMG," and together with NHMD, the "Debtors") exclusive periods to file a plan of reorganization and obtain acceptance thereof for additional sixty days. As shared by Troubled Company Reporter, the Debtors expect that inquiries currently being made to current and prospective capital sources will require a business valuation and will require additional time beyond the exclusive period remaining to the Debtors under Section 1121(d) of the Bankruptcy Code. Similarly, any efforts to effect a potential sale of assets will similarly require additional time and effort of the Debtors and their retained professionals. The Debtors claim that they have not previously made a request for extension of the exclusive periods herein and have stabilized business operations during the initial stages of these Chapter 11 proceedings with respect to the remaining four retail locations operated by the Debtors. The Debtors have been successful in managing overhead and operational expenses during the early stages of these cases so as to ensure positive cash flow from operations. The Debtors assert that with respect to the large amount of indebtedness incurred from failed expansion efforts, the Debtors cases are large and complex. The jointly administered Debtors have over two hundred scheduled creditors holding over $26,000,000.00 in claims. The Debtors' principal secured lender has filed a claim of over $5,000,000.00 secured by the assets of the joint Debtors. The prospects of formulating a Chapter 11 Plan that will provide any material distribution to general unsecured claims is both a challenging and complex process facing the Debtor. The Debtors further assert that they have stabilized their current business operations and are paying their current operating expenses. Additional time is required to generate data and information which will permit material negotiations with creditors and parties in interest. Finally, the sheer volume in amount of claims and the number of creditors make this a challenging and complex proceeding requiring additional time of the Debtors to navigate same. Counsel to the Debtors: Kevin M. O'Donnell, Esq. HENRY & O'DONNELL, P.C. 300 N. Washington Street, Suite 604 Alexandria, VA 22314 Telephone: (703) 548-2100 Facsimile: (703) 548-2105 E-mail: kmo@henrylaw.com About NAVA Health MD Nava Health MD, Inc., operates in the functional medicine, longevity, and wellness sector, providing personalized, integrative care through physical centers and digital platforms. Through its management of Nava Health Medical Group, LLC, the company offers physician-supervised hormone optimization, nutrition, IV therapy, diagnostic testing, and wellness programs aimed at improving health span and biological-age markers. NAVA Health MD sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Case No. 26-10497) on March 1, 2026. At the time of the filing, Debtor had estimated assets of between $1,000,001 to $10 million and liabilities of between $10,000,001 to $50 million. Judge Brian F. Kenney oversees the case. Henry & O'Donnell, P.C., is the Debtor's legal counsel. NORTH JERSEY: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- North Jersey Living, LLC received interim authority from the U.S. Bankruptcy Court for the District of New Jersey to use cash collateral through July 9. Under the interim order, the Debtor is authorized to use up to $22,782 in cash collateral to pay operating expenses during the interim period, subject to a 10% budget variance. The cash collateral is derived primarily from rents, which are subject to asserted mortgage liens held by U.S. Bank Trust and Fay Servicing. The Debtor owns and operates four residential rental properties located in Newark and Paterson, deriving substantially all of its income from tenant rents. Three of the properties are subject to a single US Bank Trust mortgage claim of approximately $1.33 million, with foreclosure proceedings pending, while the fourth property is encumbered by a separate mortgage held by Fay Servicing with a balance of roughly $559,296 and is currently performing. Combined property values range from about $556,000 to $863,000 per asset. As adequate protection, secured creditors will receive replacement liens on post-petition collateral and its proceeds and monthly mortgage and escrow payments beginning in July. The order provides for a carveout, requiring the Debtor to escrow $4,000 per month for approved professional expenses. A final hearing is scheduled for July 9. Objections to the interim order must be filed by July 2. The order is available at http://bankrupt.com/misc/NorthJersey_ICCOrder.pdf About North Jersey Living LLC North Jersey Living LLC is a Newark, New Jersey-based real estate entity that owns a residential multifamily property at 54-56 North 3rd Street in Paterson, New Jersey. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 26-16653) on June 9, 2026. In the petition signed by Joaquim Ferreira, managing member, the Debtor disclosed $0 in assets and $1,321,786 in liabilities. Judge Vincent F Papalia oversees the case. John O'Boyle, Esq., at Norgaard OBoyle Hannon, represents the Debtor as legal counsel. NORTH JERSEY: Hires Norgaard O'Boyle & Hannon as Counsel -------------------------------------------------------- North Jersey Living LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Norgaard O'Boyle & Hannon as attorneys. The firm will prepare petitions and schedules, ancillary reports, documents and motions, assist the development and proposal of a plan of reorganization, and advise the Debtors in connection with their rights and duties. The firm will be paid at these rates: Partners $400 to $425/hr Senior Associate $325/hr Associates $300/hr Paralegals $150/hr Administrative Assistants $90/hr As disclosed in the court filings, Norgaard O'Boyle & Hannon is a disinterested person under 11 U.S.C. Sec. 101(14). The firm can be reached through: John O'Boyle, Esq. Norgaard O'Boyle & Hannon 184 Grand Avenue Englewood, NJ 07631 Tel: (201) 871-1333 Email: joboyle@norgaardfirm.com About North Jersey Living LLC North Jersey Living LLC is a Newark, New Jersey-based real estate entity that owns a residential multifamily property at 54-56 North 3rd Street in Paterson, New Jersey. North Jersey Living LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 26-16653) on June 9, 2026, listing $1,321,786 in liabilities. The petition was signed by Joaquim Ferreira as managing member. Judge Vincent F Papalia presides over the case. John O'Boyle, Esq. at NORGAARD OBOYLE HANNON serves as the Debtor's counsel. NUWELLIS INC: Appoints Michael McCormick as CEO ----------------------------------------------- Nuwellis, Inc. announced in a regulatory filing that John L. Erb resigned from the Company, effective June 30, 2026. Mr. Erb's resignation was not the result of any dispute or disagreement with the Company or the Board on any matter relating to the Company's operations, policies or practices. Mr. Erb will continue to serve as Chairman of the board of directors. Appointment Chief Executive Officer Effective as of June 30, 2026, the Board appointed Michael McCormick as the Company's Chief Executive Officer and President and member of the Company's board of directors. Mr. McCormick will join the Board as of June 30, 2026. Mr. McCormick, age 65, has provided consulting services to the Company since September 2025, including serving as Chief Commercial Officer under a consulting arrangement. He previously served as a director of the Company from June 2023 to January 2026. Mr. McCormick is a seasoned executive with more than 30 years of experience leading medical device companies and serving on the boards of private and publicly traded life sciences companies. Since 2023, Mr. McCormick has served as President and Chief Executive Officer of CorRen Medical, Inc., a private medical technology company focused on improving the diagnosis and management of peripheral artery disease, and where he will transition to Executive Chairman effective June 30, 2026. From 2010 to 2023, Mr. McCormick served as Chief Executive Officer of Osprey Medical (ASX: OSP), a commercial-stage medical device company focused on technologies designed to reduce contrast-induced acute kidney injury. From 2003 to 2008, Mr. McCormick served as Chief Executive Officer of Anulex Technologies, Inc., a private company that was subsequently acquired by Boston Scientific. Prior to that, he served as President of Centerpulse Spine-Tech and was involved in its successful acquisition by Zimmer in 2003. Earlier in his career, Mr. McCormick held sales and sales management positions with Boston Scientific Scimed and Baxter Healthcare. Mr. McCormick also serves on various private company boards, including as Executive Chairman of NephroCor Medical, Inc., Chairman of AcQumen Medical, Inc., and as an independent director of Formae, Inc. and Sharp Biomedical, Inc. He previously served as Chairman of OrthoCor Medical, a private company that was acquired in 2019. Mr. McCormick received a Bachelor of Business Administration in Business Management from The University of Texas at Austin. In connection with the appointment of Mr. McCormick as President and Chief Executive Officer of the Company, the Company and Mr. McCormick will enter into an employment agreement, which shall be effective as of June 30, 2026, concerning Mr. McCormick's appointment. The Employment Agreement shall have a term of 12 months beginning on June 30, 2026 and may be extended upon mutual agreement between Mr. McCormick and the Company. The Employment Agreement will entitle Mr. McCormick to an annual base salary of $431,100 from and after June 30, 2026, reviewed annually. Mr. McCormick will also be eligible for annual incentive compensation targeted at 65% of his base salary, which will be prorated for 2026. The Employment Agreement will also entitle Mr. McCormick to a one-time equity grant within 90 days of joining the Company, the terms of which are to be determined by the Compensation Committee and the Board after its consultation with a third-party compensation consultant. The information required by Item 502(c)(3) of Form 8-K has not been determined as of the date of this report. The Company intends to file an amendment to this Current Report on Form 8-K within four business days after such information is determined or becomes available. Except as described above, there are no arrangements or understandings between Mr. McCormick and any other persons pursuant to which Mr. McCormick was named President and Chief Executive Officer of the Company. Mr. McCormick does not have any family relationship with any of the Company's directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer. Mr. McCormick does not have any direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K. In connection with the appointment of Mr. McCormick to the Board, the Board increased the size of the Board from five members to six members, effective as of June 30, 2026. About Nuwellis Nuwellis, based in Eden Prairie, Minnesota, develops, manufactures and commercializes medical devices used in ultrafiltration therapy, including the Aquadex System. The Company focuses on cardiorenal care and fluid management for patients. Its Aquadex SmartFlow system is indicated for temporary or extended use in adult and pediatric patients weighing 20 kilograms or more whose fluid overload is unresponsive to medical management, including diuretics. Fluid overload, also known as hypervolemia, occurs when too much fluid builds up in the blood, vital organs and interstitial space. Minneapolis, Minnesota-based Baker Tilly US, LLP, the Company's auditor since 2017, issued a "going concern" qualification in its report dated March 11, 2026, attached to the Company's Annual Report for the fiscal year ended December 31, 2025, citing that the Company has recurring losses from operations, an accumulated deficit, expects to incur losses for the foreseeable future, and needs additional working capital. These are the conditions that raise substantial doubt about its ability to continue as a going concern. As of December 31, 2025, the Company had $6.12 million in total assets, $3.49 million in total liabilities, and $2.62 million in total stockholders' equity ODOZI LLC: Voluntary Chapter 11 Case Summary -------------------------------------------- Debtor: Odozi, LLC 1121 1st Street South Winter Haven, FL 33880 Chapter 11 Petition Date: June 24, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-04731 Judge: Hon. Tiffany P Geyer Debtor's Counsel: Owei Z Belleh, Esq. THE BELLEH LAW GROUP, PLLC 150 S Pine Island Rd Ste 300 Plantation FL 33324-2665 Tel: (888) 450-7999 E-mail: bankruptcy@bellehlaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Obinna Nwobi, MD as manager. The Debtor did not include a list of its 20 largest unsecured creditors with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/JUXIOEA/Odozi_LLC__flmbke-26-04731__0001.0.pdf?mcid=tGE4TAMA OMNI HEALTH: Plan Exclusivity Period Extended to July 18 -------------------------------------------------------- Judge Ashely M. Chan of the U.S. Bankruptcy Court for the Eastern District of Pennsylvania extended Omni Health Services, Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to July 18 and Sept. 16, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that it would be premature (at best), as well as a waste of time, effort and resources, including judicial resources, to require the Debtor to file a plan by May 19, 2026 to maintain its right to exclusivity. The Debtor asserts that it should be afforded a full and fair opportunity to negotiate, propose, and seek acceptances to a confirmable plan of reorganization. The Debtor believes that an extension of the exclusive periods is warranted and appropriate under the circumstances and should be granted. The Debtor further asserts that the extension requested will not prejudice the legitimate interests of any creditor and will likely afford parties in interest an opportunity to pursue to fruition the beneficial objectives of a consensual reorganization. The Debtor's Counsel: David B. Smith, Esq. SMITH KANE HOLMAN, LLC 112 Moores Road Suite 300 Malvern, PA 19355 Tel: 610-407-7215 Fax: 610-407-7218 E-mail: dsmith@skhlaw.com About Omni Health Services Omni Health Services, Inc., is a community-based mental health services provider operating 12 locations across Pennsylvania and New Jersey. Omni Health Services sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-14727) on Nov. 20, 2025, listing between $1 million and $10 million in assets and liabilities. Michael Thevar, president of Omni Health Services, signed the petition. Judge Ashely M. Chan oversees the case. David B. Smith, Esq., at Smith Kane Holman, LLC, is serving as the Debtor's legal counsel. OPTIMAL BEGINNINGS: Hires Frost & Associates as Legal Counsel ------------------------------------------------------------- Optimal Beginnings, LLC seeks approval from the United States Bankruptcy Court for the District of Maryland to employ Daniel A. Staeven, Esq. and Frost & Associates, LLC as bankruptcy and litigation counsel. Mr. Staeven and Frost & Associates, LLC will provide these services: (a) give the Debtor and Debtor-in-Possession legal advice with respect to its powers and duties under the Bankruptcy Code; (b) prepare on behalf of the Debtor the necessary applications, petitions, schedules, statements, orders, reports, and other legal papers; (c) assist the Debtor in analyzing and representing the Debtor with respect to lawsuits and other proceedings to which the Debtor is or may be a party; (d) negotiate, prepare, file, and seek approval of a plan of reorganization; (e) represent the Debtor at hearings, meetings of creditors, and other bankruptcy proceedings; (f) provide bankruptcy, restructuring, litigation, tax, corporate, and other legal advice as needed in the case; and (g) perform all other legal services necessary for the administration of the Debtor's bankruptcy estate, including matters related to litigation, transactional issues, and potential Chapter 7 liquidation. Frost & Associates is to be compensated from a $10,000 advance retainer, with $2,359 currently held in escrow pending court approval. The firm's hourly rates range from $350 to $850 for attorneys and $160 to $395 for paralegals, legal assistants, and law clerks. Daniel A. Staeven's hourly rate is $625. Frost & Associates, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, and, according to the application, does not hold or represent an interest adverse to the Debtor or its estate. The firm can be reached at: Daniel A. Staeven, Esq. FROST & ASSOCIATES, LLC 839 Bestgate Road, Suite 400 Annapolis, MD 21401 About Optimal Beginnings, LLC Optimal Beginnings, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Md., Greenbelt Division Case No. 26-16529) on June 28, 2026. At the time of filing, the Debtor reported estimated assets of between $0 and $50,000 and liabilities of between $1,000,001 and $10,000,000. Frost & Associates, LLC is Debtor's proposed legal counsel. OTB HOSPITALITY: Files Chapter 7 After Closing All Locations ------------------------------------------------------------ OTB Hospitality, the operating company of On The Border Mexican Grill & Cantina, has voluntarily filed for liquidation under Chapter 7 of the United States Bankruptcy Code on June 19 after closing all company-owned locations earlier this month. The filing begins an orderly liquidation of assets under a Chapter 7 trustee. OTB Hospitality is a separate legal entity wholly owned by Pappas Restaurants, and this filing applies only to OTB Hospitality, Pappas Restaurants is not part of the filing and continues to operate with financial stability and a continued focus on its core brands. "This was an incredibly difficult decision. Our teams worked hard over the past year to stabilize the business, but it became clear that OTB would require substantial ongoing investment that would pull focus and resources away from the core operations that define who we are," said Chris Pappas, spokesperson for OTB Hospitality. "While this was a necessary step, we remain incredibly proud of our team members and the heart they brought to this brand, and we are deeply grateful to the guests and employees who supported On The Border for so many years." Franchise locations in South Dakota, Florida, Nevada, California and South Korea continue to operate independently and are not included in the filing. About On The Border Mexican Grill & Cantina Founded in Dallas in 1982, On The Border Mexican Grill & Cantina is a leading casual dining brand known for its bold Mexican cuisine and lively cantina experience. Its menu is built on a commitment to quality preparation, from hand-pressed tortillas and freshly made guacamole to sizzling fajitas and signature margaritas crafted with fresh juices and premium ingredients. Learn more at www.ontheborder.com. PMB PROPERTY: Claims to be Paid from Continued Operations --------------------------------------------------------- PMB Property Improvements, LLC, filed with the U.S. Bankruptcy Court for the Middle District of Florida a Subchapter V Plan of Reorganization dated June 15, 2026. PMB is a Florida-based limited liability company engaged in residential and commercial property improvement services, including renovation, repair, and maintenance work. The Company was purchased by a group led by Allison Webb on April 8, 2024 and maintains its principal place of business at 151 7th Street South, #309, St. Petersburg, Florida 33701. The Debtor was established to provide property improvement and contracting services throughout the Tampa Bay area and surrounding Central Florida markets. The company historically operated on a project-by-project basis, utilizing client deposits, draw schedules, and short-term financing to fund operations and material purchases. In recent years, several significant projects experienced substantial delays due to supply chain disruptions, subcontractor shortages, and permitting backlogs, resulting in delayed payments for completed work and increasing financial pressure on the company. These operational challenges were compounded by a dispute involving PMB's licensed Qualifying Agent, Nile Nickel. On or about February 10, 2026, Mr. Nickel notified the Florida Department of Business and Professional Regulation that he was withdrawing as PMB's Qualifying Agent, effectively terminating the company's ability to lawfully operate as a licensed contractor in Florida a decision was made for the preservation of its business resulting in the filing of this Chapter 11 case. Class 2 consists of all Allowed General Unsecured Claims against the Debtor. As set forth in the Debtor's financial projections, which will be provided to all Class 2 Creditors within 14 days of the Confirmation Hearing, the Debtor's projected disposable income will exceed $0.00. In full satisfaction of the Allowed Class 2 General Unsecured Claims, Holders of Class 2 Claims shall receive a pro rata share of Distributions of the Debtor's Projected Disposable Income over a 3-year term with such Distributions commencing on the 14th day following the Effective Date. Class 2 is impaired. Class 3 consists of all equity interests in PMB Property Improvements. Class 3 Interest Holders shall retain their respective Interests in PMB Property Improvements. in the same proportions such Interests were held as of the Petition Date (i.e., 100% Interest retained by Mrs. Allison Webb). Class 3 is Unimpaired. The Plan contemplates the Debtor will continue to manage and operate its business in the ordinary course, but with restructured debt obligations. It is anticipated the Debtor's postconfirmation business will mainly involve the re-establishment and continued operation of its general contracting business, the income from which will be committed to make the Plan Payments to the extent necessary. Funds generated from the Debtor's operations through the Effective Date will be used for Plan Payments; however, the Debtor's cash on hand as of Confirmation will be available for payment of Administrative Expenses. A full-text copy of the Plan of Reorganization dated June 15, 2026 is available at https://urlcurt.com/u?l=MXxnm9 from PacerMonitor.com at no charge. Counsel to the Debtor: Daniel Velasquez, Esq. Latham, Luna, Eden & Beaudine, LLP Orlando, FL 32801 Telephone: (407) 481-5800 Facsimile: (407) 481-5801 Email: dvelasquez@lathamluna.com About PMB Property Improvements PMB Property Improvements, LLC, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02068) on March 17, 2026, with $0 to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Luis Ernesto Rivera II presides over the case. Daniel A. Velasquez, at Latham, Luna, Eden & Beaudine, LLP, is serving as the Debtor's legal counsel. PMR LLC: Case Summary & Eight Unsecured Creditors ------------------------------------------------- Lead Debtor: PMR LLC 875 E 13th St Brooklyn, NY 11230 Business Description: PMR LLC to owns and operates Presidential Mountain Resort, a resort in Bethlehem, New Hampshire, that provides year-round cabin rentals and guest accommodations in the White Mountains region. The resort offers accommodations ranging from studio cabins to six-bedroom lodges and supports group events including weddings, family reunions, corporate retreats, and group gatherings. Its services include food and beverage options, dining delivered to cabins, concierge services, private massage services, and a private sauna experience. Chapter 11 Petition Date: June 24, 2026 Court: United States Bankruptcy Court Eastern District of New York Six affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- PMR LLC (Lead Case) 26-43094 Presidential Mountain Resort LLC 26-43096 Main Street Motel LLC 26-43097 Memory Suites LLC 26-43098 PMR Residence LLC 26-43099 Shermans Motel LLC 26-43100 Judge: Hon. Jil Mazer-Marino Debtors' Counsel: Charles Wertman, Esq. LAW OFFICES OF CHARLES WERTMAN, P.C. 100 Merrick Road, Suite #304W, Suite 304W Rockville Centre, NY 11570 Tel: (516) 284-0900 Email: charles@cwertmanlaw.com PMR LLC's Total Assets: $1,828,000 PMR LLC's Total Liabilities: $585,680 Presidential Mountain's Total Assets: $15,080,000 Presidential Mountain's Total Liabilities: $13,405,255 The petitions were signed by Yizchok Rudich as member. A full-text copy of the Lead Debtor's petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/FJSLADI/PMR_LLC__nyebke-26-43094__0001.0.pdf?mcid=tGE4TAMA List of PMR LLC's Eight Unsecured Creditors: Entity Nature of Claim Claim Amount 1. ARF Financial, LLC $195,000 2010 Main Street, Suite 1000 Irvine, CA 92614 2. Bank of New Hampshire $150,000 62 Pleasant Street Laconia, NH 03246 3. Clean Deals Cleaning Service LLC $3,177 131st St South Ozone Park, NY 11420 4. IMS Fund South, LLC $110,000 PO Box 245141 Brooklyn, NY 11224 5. JPMorgan Chase Bank, N.A. $43,000 270 Park Avenue New York, NY 10017 6. New Hampshire Department of $37,736 Revenue Admi 109 Pleasant Street PO Box 3718 Concord, NH 03301 7. New Hampshire Department of $35,000 Revenue Admi 109 Pleasant Street Concord, NH 03301 8. Synchrony Bank $11,767 P.O. Box 960061 Orlando, FL 32896 POLELINE LENDER: Employs SVN Cornerstone as Expert Witness ---------------------------------------------------------- POLELINE Lender, LLC seeks approval from the U.S. Bankruptcy Court for the District of Idaho to employ John J. Hillier of SVN Cornerstone to serve as its expert witness. Mr. Hillier will provide testimony regarding the value of the real property in the context of a sale as is, compared to a lease with a sale option. Mr. Hillier will receive a flat fee of $1,500 for any report preparation and $450 per hour for travel and testimony time, plus reasonable expenses, subject to Court approval pursuant to 11 U.S.C. Sec. 330. Mr. Hillier is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and does not hold or represent an interest adverse to the estate, according to court filings. The expert witness can be reached at: John J. Hillier SVN Cornerstone Commercial 1311 N Washington St, Suite D Spokane, WA 99201 Telephone: (509) 321-2004 E-mail: john.hillier@svn.com About Poleline Lender LLC Poleline Lender LLC is a real estate land developer engaged in land ownership with no other operations. It owns a 0.37-acre parcel along State Highway 41 in Post Falls Idaho. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Idaho Case No. 25-20295) on Sept. 8, 2025, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Judge Noah G. Hillen presides over the case. Patrick John Geile, at Foley Freeman, PLLC, is the Debtor's legal counsel. PORTERO COMMERCIAL: Case Summary & 19 Unsecured Creditors --------------------------------------------------------- Debtor: Portero Commercial LLC 18022 Cowan Suite 103 Irvine, CA 92614 Business Description: Portero Commercial LLC owns vacant land identified as APN Nos. 424-050-002, 424-050- 011 and 424-050-012 in Riverside County, Calif. Chapter 11 Petition Date: June 24, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-11949 Judge: Hon. Mark D Houle Debtor's Counsel: Ryan D. O'Dea, Esq. SHULMAN BASTIAN FRIEDMAN BUI & O'DEA 100 Spectrum Center Drive, Suite 600 Irvine CA 92618 Tel: 949-340-3400 E-mail: rodea@shulmanbastian.com Estimated Assets: $100 million to $500 million Estimated Liabilities: $10 million to $50 million The petition was signed by Scott Krentl, manager of Beaumont 1600, LLC, the Debtor's manager. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/QKSBRBQ/Portero_Commercial_LLC__cacbke-26-11949__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 19 Unsecured Creditors: Entity Nature of Claim Claim Amount 1. American Open Space Remedies LLC Adjacent $8,000,000 4195 Brockton Ave Property Riverside, CA 92501 Tel: 714-338-3405 2. Beaumont 1600 LLC Manager $2,960,000 PO Box 55317 Riverside, CA 92517 3. SRD Consulting/Design Studio Inc Services $2,500,000 PO Box 5147 Beverly Hills, CA 90209 Tel: +91 9890437322 4. Law Offices of Brian Pearcy Legal Services $680,000 PO Box 1583 Riverside, CA 92502-1583 Tel: (951) 686-1584 5. Ross Wolcostt Teinert & Prout LLP Legal Services $94,628 3151 Airway Ave Costa Mesa, CA 92626 Tel: (714) 444-3900 6. Riverside County Tax Collector Property Taxes $550,000 PO Box 12005 Riverside, CA 92502-2205 7. Beach Freeman Lim & Cleland LLP Accounting $310,000 18022 Cowan Services Suite 103 Irvine, CA 92614 Tel: (310) 447-1234 8. Pacheco & NeachTwo Park Plaza Legal Services $150,000 Suite 1000 Irvine, CA 92614 Tel: (714) 462-1700 9. Catanzarite & Associates Legal Services $100,000 2331 W Lincoln Anaheim, CA 92801 Tel: (714) 520-5544 10. Broker & Associates Inc Legal Services $100,000 13681 Newport Ave Suite 8312 Tustin, CA 92780 Tel: (949) 222-2000 11. The Andela Consulting Group Inc Expert Witness $50,000 18783 Tribune Street Northridge, CA 91326 Tel: (818) 380-3102 12. The Bailey Law Group Legal Services $25,000 25014 Las Bridas South Ste A&B Murrieta, CA 92562 Tel: (951) 304-7566 13. Kowal Law Group Legal Services $25,000 2901 West Coast Hwy Suite 200 Newport Beach, CA 92663 Tel: (949) 676-9989 14. James Wolf Legal Services $15,000 1320 Van Beurden Drive Los Osos, CA 93412 15. Round Table Group (Nathan Moeder) Expert Witness $14,000 23744 North Elm Rd Services Lincolnshire, IL 60069 16. BPM LLP Expert Witness $12,500 100 Progress Suite 120 Accounting Irvine, CA 92618 Tel: (714) 558-3236 17. Michael Frauenthal & Assoc Appraisal Services $7,000 24662 Del Prado 2nd Floor Dana Point, CA 92629 Tel: (949) 496-1676 18. Cox Castle & Nicholson Expert Witness $5,700 2029 Century Park East Suite 2100 Los Angeles, CA 90067 Tel: (310) 284-2200 19. Kelley Clarke Legal Services $3,500 603 E Broadway Street Prosper, TX 75078 Tel: 972-253-4440 POST OFFICE SQUARE: Seeks to Hire CPAMG LLC as Real Estate Broker ----------------------------------------------------------------- Post Office Square LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ CPAMG LLC d/b/a Rand Commercial as exclusive real estate broker. The firm's services include: (a) evaluating the value of the Debtor's property located at 23 Church Street, Spring Valley, New York (Section 57.39, Block 1, Lot 13); (b) reviewing all pertinent documents in connection with marketing the property; (c) creating a marketing program for the property and preparing and disseminating all marketing materials; (d) communicating with parties who have express an interest in the Property and endeavoring to locate additional parties who may have similar interests; (e) responding and providing information to, negotiating with, and soliciting offers from prospective purchases and making recommendations to the Debtor as to the advisability of accepting particular offers; (f) arranging for physical inspection of the property by prospective purchasers; (g) meeting with the Debtor and its attorneys as necessary; and (h) appearing, if requested, before the Bankruptcy Court during the term of its retention to testify or to consult with the Debtor in connection with the marketing or disposition of the Property. Rand Commercial has agreed to accept a brokerage commission upon a sale of the Property equal to 3.5% of the gross sale price. As disclosed in the court filings, Rand Commercial is a "disinterested person" within the meaning of Secs. 101(14) and 327 of the Bankruptcy Code. The firm can be reached through: Virginia Warsaw CPAMG LLC d/b/a Rand Commercial 46 S Broadway, Suite D Nyack, NY 10960 Mobile: (845) 770-1285 Email: ginny.warsaw@randcommercial.com About Post Office Square LLC Post Office Square, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 20-23058) on September 18, 2020, listing $1 million to $10 million in both assets and liabilities. Judge Robert D. Drain oversees the case. Harvey S. Barr, Esq., at Barr Legal, PLLC serves as the Debtor's counsel. PPF GIN: Plan Exclusivity Period Extended to Aug. 3 --------------------------------------------------- Judge Brenda T. Rhoades of the U.S. Bankruptcy Court for the Eastern District of Texas extended PPF Gin & Warehouse, LLC and its affiliates' exclusive periods to file a plan of reorganization and obtain acceptance thereof to Aug. 3 and Oct. 2, 2026, respectively. As shared by Troubled Company Reporter, the Debtors explain that the following factors warrant the requested extension of exclusivity: * The Debtors have not been able to meaningfully prepare a proposed plan of reorganization because their focus has been on stabilizing operations and resolving other business-related issues. Debtors' management will have more time to focus on preparing a plan as those operational tasks are resolved. * The Debtors desire to retain an investment banker to locate strategic partners willing to acquire an interest in PPF Gin & Warehouse, LLC. * The Debtors need additional time to sell the land owned by Pilgrim Land Management, LLC, which should generate approximately $15 million. * The Debtors are committed to proposing a chapter 11 plan during the extended period of exclusivity and reasonably expect to be able to do so. * The Debtors are not seeking an extension to pressure creditors or to obtain any strategic advantage. * No creditor will be prejudiced by the requested extensions, in that exclusivity is not being used to prevent any creditor from presently enforcing its rights. Counsel to the Debtors: Brandon J. Tittle, Esq. TITTLE LAW FIRM, PLLC 13155 Noel Drive, Suite 900 Dallas, TX 75240 Telephone: (972) 213-2316 E-mail: btittle@tittlelawpllc.com About PPF Gin & Warehouse LLC PPF Gin & Warehouse, LLC operates in the cotton industry, providing ginning services and managing cotton production through agreements with farmers. The Company owns and operates multiple facilities, including gins, warehouses, and seed locations across Texas in Cooper, Paris, Reno, Deport, and Wolfe City. PPF engages in vertical integration by assisting farmers with planting and purchasing cotton at preset prices, supporting large-scale cotton production across the region. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 26-40061) on Jan. 5, 2026. In the petition signed by Patrick Pilgrim, member, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Brenda T. Rhoades oversees the case. Brandon Tittle, Esq., at Tittle Law Firm, PLLC, is the Debtor's bankruptcy counsel. PRESTIGE HEALTHCARE: Gets Extension to Access Cash Collateral ------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Maryland, Greenbelt Division issued a sixth interim order granting Prestige Healthcare Resources Inc. a one-month extension to use cash collateral. The court authorized the Debtor to use cash collateral through July 31 in accordance with an approved budget. The Debtor is also allowed flexibility to reallocate unused budget amounts and exceed budget line items by up to 10%, provided it reports significant deviations. The Debtor's accounts receivable constitutes M&T Bank's collateral for its loans. As of the petition date, the Debtor's collectable accounts receivable totaled between $1.2 million and $1.5 million. Based on the value of the accounts receivable, M&T Bank appears to hold a secured claim of up to $1.5 million and an unsecured claim of about $1.2 million, according to January court filings. As adequate protection from any diminution in the value of their collateral, M&T Bank and any junior lien creditors will be granted replacement liens on post-petition assets with the same priority as their pre-petition liens. These replacement liens do not extend to avoidance actions. In addition, the Debtor must pay $25,000 to M&T Bank, with any excess over applicable interest applied to principal. Additional safeguards include maintaining business records and providing financial reporting. The court scheduled a final hearing for July 27. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/KfLdX from PacerMonitor.com. About Prestige Healthcare Resources Inc. Prestige Healthcare Resources Inc., incorporated in Maryland in 2009, operates as a behavioral health core service agency providing mental health and related support services to individuals in Washington, D.C., Prince George's County, and Baltimore City, Maryland, and is recognized as a certified provider in the behavioral health sector, offering therapy, mental health rehabilitative services, substance use disorder programs, elderly and persons with physical disabilities waiver case management, non-medical respite, problem gambling assistance, and assertive community treatment team services. Prestige Healthcare Resources Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 26-10955) on January 29, 2026, listing $1 million to $10 million in both assets and liabilities. The petition was signed by John S. Smith, Jr. as president. Judge Maria Ellena Chavez-Ruark oversees the case. The Debtor tapped Joseph Selba, Esq., at Tydings Rosenberg, LLP as legal counsel and Smeed CPA, Inc. as accountant. The U.S. Trustee for Region 4 appointed Maude R. Holt as patient care ombudsman in the Debtor's bankruptcy case. PRINTED MINT: Wins Final Approval to Use Cash Collateral -------------------------------------------------------- Printed Mint, LLC received final approval from the U.S. Bankruptcy Court for the District of Arizona to use cash collateral in its Chapter 11 case. Under the order, the Debtor may pay post-petition operating expenses subject to the budget attached to the motion, with a permitted variance of up to 15% for each budget line item. Any expenditure exceeding a budgeted amount requires prior approval from the U.S. Trustee and any appearing secured creditor claiming an interest in the cash collateral. The Debtor projects total operational expenses of $276,590.54 for June; $275,113.54 for July; $275,781.54 for August; $286,705.54 for September; $309,126.54 for October; and $404,018.54 for November. As adequate protection, creditors holding valid prepetition security interests were granted replacement liens on post-petition assets acquired by the Debtor. The replacement liens maintain the same validity, priority, and extent as the creditors' prepetition liens and become effective without further perfection requirements. The order also requires the Debtor to segregate $2,800 pending a determination of which creditor holds the senior interest in the cash collateral. Once that determination is made, the segregated funds will be paid to the senior creditor, along with ongoing monthly payments of $2,800 due on the 15th of each month. The court emphasized that the order does not constitute an admission regarding adequate protection or any other disputed issue and preserves the rights of all parties in interest to seek additional relief or challenge the Debtor's continued use of cash collateral. About Printed Mint LLC Printed Mint LLC provides print-on-demand, branded drop-shipping, fulfillment and white-label customization services for e-commerce businesses. The company produces, packages and ships customizable products, including accessories, apparel, drinkware, home and living products, pet accessories and pet apparel, using print technologies such as dye sublimation, latex printing, direct-to-garment printing and decal transfer. Printed Mint serves brands, creators, retailers, entrepreneurs and other product-based businesses. Printed Mint LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 26-04939) on May 19, 2026, listing $829,358 in assets and $7,253,873 in liabilities. The petition was signed by Christopher J Ellis as manager. Judge Eddward P. Ballinger Jr presides over the case. Lamar Hawkins, Esq. at GUIDANT LAW PLC serves the Debtor as counsel. QUEENS REAL ESTATE: Seeks to Hire Schlissel DeCorpo LLP as Counsel ------------------------------------------------------------------ Queens Real Estate Holding, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Schlissel DeCorpo, LLP as counsel. The firm will provide these services: (a) provide legal advice regarding the Debtor's powers and duties as Debtor-in-Possession in the management and operation of its business and property; (b) prepare and file necessary applications, motions, answers, orders, reports, and other legal documents required in the Chapter 11 case; (c) perform all other legal services necessary in connection with the Debtor's reorganization efforts under the Bankruptcy Code; and (d) assist the Debtor in developing and implementing a plan of reorganization. Schlissel DeCorpo, LLP will be paid a pre-petition retainer of $10,000. The firm's hourly rates are $200 per hour for paraprofessionals, $500 per hour for associates, and $600 per hour for partners, subject to periodic adjustment. Schlissel DeCorpo, LLP is represented as a "disinterested person" under Section 101(14) of the Bankruptcy Code, stating that it holds no adverse interest, is not a creditor or insider, and has no disqualifying connections to the Debtor or its estate. The firm can be reached at: Nathan D. DeCorpo, Esq. Schlissel DeCorpo LLP 479 Merrick Road Lynbrook, NY 11563 Telephone: (516) 561-6645 E-mail: nathan@sdnylaw.com About Queens Real Estate Holding, Inc. Queens Real Estate Holding, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-40651) on February 5, 2026, listing $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Judge Jil Mazer-Marino presides over the case. Elliot S. Schlissel, Esq. at Schlissel Decorpo LLP serves as the Debtor's counsel. RAILHEAD INC: Plan Exclusivity Period Extended to Sept. 28 ---------------------------------------------------------- Judge Brian F. Kenney of the U.S. Bankruptcy Court for the Eastern District of Virginia extended Railhead, Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to Sept. 28 and Nov. 28, 2026, respectively. In a court filing, the Debtor explains that it will be filing a claim objection to the secured status of creditor Republic Capital Access, LLC's ("RCA") claim. Debtor anticipates an evidentiary hearing will be necessary to determine the secured status of RCA's claim, and the Debtor cannot file its disclosure statement and plan of reorganization without this matter resolved. This matter is unlikely to be resolved prior to the end of the exclusivity period. Additionally, Debtor will be pursuing its claim against the State Department. Debtor is in the process of employing an attorney as special counsel to pursue this claim and file an appeal with the Board of Contract Appeals for the denial of payment for work completed on the Debtor's former contract with the State Department. The Debtor claims that this process will not be completed within the present exclusivity period. Beginning the appeal process will give the Debtor a better idea of what amount of funds are feasible for the Debtor to recover from the State Department, and this will also assist in preparing a plan of reorganization. The Debtor believes it is prudent to preserve its exclusive right to file a plan while it works through determining the secured status of RCA's claim and pursues its claim against the State Department. The amount of time that the Debtor is requesting is modest and is in line with this Court's extension of exclusive periods in similar cases. Railhead Inc. is represented by: Jeffery T. Martin, Jr., Esq. Diana P. Dias, Esq. Martin Law Group, P.C. 8065 Leesburg Pike, Suite 750 Vienna, VA 22182 Telephone: (703) 834-5550 Email: Diana@martinlawgroup.com About Railhead Inc. Railhead, Inc., is a Virginia-based government contracting and consulting firm. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 26-10508-BFK) on March 2, 2026. In the petition signed by Jason Butler, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Jeffery T. Martin, Esq, at Martin Law Group PC, represents the Debtor as legal counsel. RED VAULT: Seeks Chapter 7 Bankruptcy in California --------------------------------------------------- On June 22, 2026, Red Vault Investments LLC 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 $1 million and $10 million in debt owed to 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on July 30, 2026 at 08:00 AM via Zoom - Yoo: Meeting ID 870 697 9156, Passcode 7087440786, Phone 1 213 592 2606. About Red Vault Investments LLC Red Vault Investments LLC is a California-based investment company engaged in the acquisition, management, and administration of investment assets and related financial interests. Red Vault Investments LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-16190) on June 22, 2026. In its petition, the debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Neil W. Bason handles the case. The debtor is represented by Rosendo Gonzalez, Esq. of Gonzalez & Gonzalez Law, P.C. Timothy Yoo serves as Interim Trustee. ROADRUNNER SCOOTERS: Claims to be Paid from Business Revenue ------------------------------------------------------------ RoadRunner Scooters LLC filed with the U.S. Bankruptcy Court for the District of Colorado a Second Amended Plan of Reorganization for Small Business under Subchapter V dated June 16, 2026. The Debtor is a Colorado limited liability company which designs and sells electric scooters and associated parts. The Debtor's primary tangible assets are its inventory and parts, as well as its intellectual property rights in the molds and other equipment used to manufacture the scooters. Tariffs caused uncertainty for the Debtor. That uncertainty led the Debtor to take out merchant cash advances. The merchant cash advances caused significant cash flow issues, caused the Debtor to fall behind with its manufacturer, and ultimately led to the bankruptcy filing. The Debtor anticipates cash on the Effective Date will be sufficient to pay all Administrative Claims in full. If it is insufficient, Debtor will make equal monthly payments to administrative claimants for one year, or until they are paid in full. Class 18 consists of those unsecured creditors of the Debtor who hold Allowed Claims that were either scheduled by the Debtor as undisputed, or subject to timely filed proofs of claim to which the Debtor does not successfully object. Class 18 in impaired by the Plan. For the first 24-months after the Effective Date, no payments will be made to general unsecured creditors. In the third year after the Effective Date (months 25 through 36 after the Effective Date), the Debtor shall make monthly payments to general unsecured creditors of $9,523.75, which shall be paid to allowed general unsecured creditors, pro rata within 30-days after the end of each month. The Debtor's projections allow the Debtor to build a $50,000.00 emergency reserve, after which dollars will be paid to general unsecured creditors. The emergency reserve is necessary to ensure the Debtor has flexibility to deal with unexpected cash flow issues as they arise. Because this Plan guarantees exact payment amounts to Class 18 creditors, the emergency reserve cannot be abused. In addition to the payments described, on the Petition Date, the Debtor was involved in a trademark infringement suit against Voro Inc. which litigation has continued post-petition. In the event of any monetary recovery by the Debtor on account of that litigation, thirty percent of any net recovery by the Debtor, meaning funds paid to the Debtor after deducting payment of the fees and costs associated with pursuing the litigation, in addition to any state or federal taxes paid as a result of the recovery, will also be paid to general unsecured creditors within thirty days of receipt by the Debtor. Thus, allowed claims in Class 18 will receive guaranteed payments from the Debtor's operations, and a potential additional recovery from the trademark litigation. Under no circumstances, however, will Class 18 creditors be entitled to receive more than the full amount of their claims. Class 19 includes the interests in Debtor held by the its pre confirmation shareholders. Class 19 is not impaired by this Plan. On the Effective Date of the Plan, Class 19 Interest Holders shall retain their interests in Debtor which they owned prior to the Petition Date. The Debtor's Plan is feasible. As noted in the Debtor's projections, the Debtor projects to pay unsecured creditors the guaranteed sum of $114,825.00 over the life of the Plan. The Debtor's projections show the Debtor's projected annual revenue and expenses in detail. Based on those projections, the Plan is feasible. On the Effective Date of the Plan, Mr. Larry Dale Ross, Jr., the sole member of Debtor, shall be appointed pursuant to Section 1142(b) of the Bankruptcy Code for the purpose of carrying out the terms of the Plan, and taking all actions deemed necessary or convenient to consummating the terms of the Plan. A full-text copy of the Second Amended Plan dated June 16, 2026 is available at https://urlcurt.com/u?l=afmCSH from PacerMonitor.com at no charge. Counsel to the Debtor: Jonathan M. Dickey, Esq. Kutner Brinen Dickey Riley, P.C. 1660 Lincoln St., Suite 1720 Denver, CO 80264 Telephone: 303- 832-2400 Email: jmd@kutnerlaw.com About RoadRunner Scooters LLC RoadRunner Scooters, LLC, is a Colorado limited liability company which designs and sells electric scooters and associated parts. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Colo. Case No. 25-17643) on November 20, 2025, listing between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. Mark Dennis, a certified public accountant at SL Biggs, serves as Subchapter V trustee. Judge Joseph G. Rosania Jr. presides over the case. Jonathan Dickey, Esq., at Kutner Brinen Dickey Riley, P.C. represents the Debtor as legal counsel. SAICP HOTEL: Gets Final OK to Use Cash Collateral Until July 31 --------------------------------------------------------------- SAICP Hotel, LLC received interim approval from the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, to use cash collateral through July 31. The court authorized the Debtor to use cash collateral to fund its hotel operations in accordance with an approved budget. In connection to this, the court authorized Aimbridge Hospitality, LLC, the hotel manager, to collect hotel revenues and pay approved expenses in the budget, subject to a 10% variance per budget item. It also approved the $800 payment to maintain the hotel's liquor license. As part of the adequate protection package, the debtor must make monthly payments of $280,000 to secured creditor PI HS, LLC, subject to available funds. The court also granted PI HS replacement liens on substantially all debtor assets, excluding bankruptcy estate avoidance actions, to protect against any post-petition decline in the value of its collateral resulting from the debtor's use of cash collateral. The order further directs JPMorgan Chase Bank to continue honoring transactions through the debtor's existing operating and depository accounts. Aimbridge must provide PI HS with regular financial reporting comparing actual revenues and expenses against budget projections and respond to reasonable information requests regarding variances. The court prohibited the use of cash collateral for insider payments but allowed the debtor to continue paying all fees and expenses owed to Marriott International, Inc. under the hotel's franchise agreement. These franchise-related payments are not subject to the budget caps or variance limits, ensuring uninterrupted compliance with the franchise requirements during the bankruptcy proceedings. The order is available at https://shorturl.at/eXwGs SAICP filed for Chapter 11 protection, citing severe liquidity problems, high operating expenses, debt obligations, and post-construction stabilization challenges affecting the luxury hotel property. The Debtor said that without bankruptcy protection, it faced foreclosure, collection efforts, and possible appointment of a receiver, all of which threatened to disrupt operations and diminish the hotel's value. The hotel remains operational under Aimbridge Hospitality management and provides lodging, food and beverage services, meeting space, and related hospitality amenities. PI HS, as secured creditor, is represented by: Moriah Douglas Flahaut, Esq. Echo Park Legal, APC (310) 709-0658 df@echoparklegal.com About Saicp Hotel LLC SAICP Hotel, LLC, doing business as Le Meridien Pasadena Arcadia, operates a hotel in Arcadia, California located at 130 W. Huntington Drive. Saicp Hotel sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 26-14338) on April 30, 2026, with between $50 million and $100 million in both assets and liabilities. Honorable Bankruptcy Judge Barry Russell handles the case. The Debtor is represented by Michael Jay Berger, Esq., at the Law Offices of Michael Jay Berger. SANGAMO THERAPEUTICS: Files Chapter 11 to Sell Gene Therapy Assets ------------------------------------------------------------------ Sangamo Therapeutics Inc. announced on June 23, 2026, that it has initiated Chapter 11 bankruptcy proceedings in Delaware, citing estimated assets and liabilities between $100 million and $500 million, as the gene therapy company seeks to sell its assets through a court-supervised process. The biotech company is facing significant financial challenges and has engaged Raymond James as a financial advisor to explore various strategic options aimed at enhancing its pipeline and shareholder value. The initiation of Chapter 11 bankruptcy proceedings marks a critical juncture for Sangamo Therapeutics, a company that has been struggling with significant financial difficulties. The move allows the company to reorganize its debts while seeking to maintain operations and potentially enhance its pipeline of genomic therapies. This strategic decision comes as SGMO is also working towards submitting a Biologics License Application for its product ST-920 by this summer, which could be a pivotal moment for the company if successful. Lilly, Astellas Set Floor Prices For Key Assets Ahead of the bankruptcy filing, the gene-editing company has lined up affiliates of Eli Lilly and Co. (NYSE:LLY) and Astellas Pharma Inc. (OTC:ALPMF) (OTC:ALPMY) as stalking horse bidders for key assets. Sangamo entered into separate asset purchase agreements with Lilly and Gene Therapies Inc., a subsidiary of Astellas Pharma. Under the agreement with Eli Lilly, Sangamo agreed to sell several of its technology platforms, including its AAV capsid engineering platform, zinc finger protein technology, Modular Integrase genome editing platform, and prion disease program ST-506. Lilly's bid carries a total consideration of $50 million, plus the assumption of certain liabilities. The offer will serve as the minimum bid for those assets and remains subject to higher or better offers during the bankruptcy process. Separately, Astellas agreed to acquire assets primarily related to isaralgagene civaparvovec, Sangamo's Fabry disease candidate. The transaction includes $25 million payable at closing, with up to an additional $25 million tied to specified milestones. Both proposed transactions require bankruptcy court approval. Company Seeks $30 Million In Bankruptcy Financing To support operations during the restructuring, Sangamo secured a commitment from Northridge for debtor-in-possession financing of up to $30 million. The financing, which remains subject to court approval, would provide working capital, fund bankruptcy-related expenses, and support ongoing operations. Sangamo is seeking interim approval to immediately access up to $10.5 million, with final approval for the full facility expected at a later hearing. Workforce Reduction Accompanies Restructuring As part of its restructuring efforts, Sangamo's board approved a workforce reduction that will eliminate approximately 51 U.S. positions, representing roughly 40% of its workforce. Following the layoffs, Sangamo expects to retain approximately 77 employees to continue advancing the programs and platforms included in the proposed Lilly and Astellas transactions. The company expects restructuring-related charges of approximately $3 million to $4 million, primarily tied to severance and employee benefits. About Sangamo Therapeutics Sangamo Therapeutics operates within the healthcare sector, specifically in the biotechnology industry, focusing on genomic medicine. The company is dedicated to translating groundbreaking science into medicines that aim to transform the lives of patients suffering from serious neurological diseases. With a market capitalization of approximately $72.19 million, SGMO's financial health has been under scrutiny, particularly given its declining revenue and profitability metrics. SAPPHIRE EXCHANGE: Gets Interim OK to Use Cash Collateral --------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida entered a second preliminary order authorizing The Sapphire Exchange, LLC to use cash collateral on an interim basis through July 21. Under the order, the Debtor may use cash collateral to pay authorized operating expenses, including quarterly fees owed to the United States Trustee, expenses listed in the approved budget, and additional expenditures approved in writing by the secured creditor. The Debtor is permitted a variance of up to 10% for each budget line item. If disputes arise regarding proposed expenditures, the Debtor is entitled to expedited court hearings. The Debtor projects total operational expenses of $119,295 for the period from May to July. As adequate protection for the lender's interest in the collateral, the Court granted secured creditors a perfected post-petition replacement lien on cash collateral to the same extent, validity, and priority as their prepetition liens. The replacement lien became effective automatically without requiring additional filings or documentation under non-bankruptcy law. The Debtor is also required to maintain insurance coverage consistent with its obligations under the existing loan and security agreements with the secured creditors. The order preserves the rights of all parties and does not constitute a final determination regarding lien validity, adequate protection, or restrictions on cash collateral use. The United States Trustee retains the right to appoint a creditors' committee, and any such committee may later challenge the validity, priority, or extent of the secured creditors' liens. A continued preliminary hearing is scheduled for July 21. About The Sapphire Exchange LLC The Sapphire Exchange, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02856) on April 21, 2026, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Jeffrey Ainsworth, Esq., at Bransonlaw, PLLC represents the Debtor as bankruptcy counsel. SERVESTAR LLC: Seeks 90-Day Extension of Plan Filing Deadline ------------------------------------------------------------- ServeStar, LLC, asked the U.S. Bankruptcy Court for the Eastern District of Tennessee to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof for additional ninety days. The Debtor explains that by extending the exclusivity period, the Court will allow the company to finalize development of a chapter 11 plan which facilitates the best interest of all creditors and parties in interest, without unwarranted interference from dissident parties attempting to derail or otherwise unravel the Debtor's restructuring process. The Debtor claims that it has also worked with other parties in interest to create a go-forward business plan while maintaining a focus on swift emergence strategies. Moreover, the Debtor has cooperated with the U.S. Trustee throughout the life of this case. Importantly, the Debtor has successfully maintained or otherwise fulfilled its cash collateral obligations as well as its critical vendor and ordinary course financial obligations even during the ramping up period since the filing date. Moreover, the case is still approximately four months old. As such, considering the obligations of the Debtor are being met as well as the stature of the case, the extension of the exclusivity period will allow the Debtor to capitalize on the immense negotiating progress made. The Debtor asserts that considering the high potential for a final resolution of this case, the existence of a competing plan, even if unconfirmable, would unnecessarily complicate what the Debtor hopes to be a consensual or otherwise successful plan development process. The exhaustion of estate resources to counter potential creditor factions would likely harm the restructuring process as a whole, thus reducing creditor recoveries and the going concern value of the businesses generally. ServeStar, LLC, is represented by: Roy Michael Roman, Esq. RMR Legal PLLC 70 N. Ocoee Street Cleveland, TN 37311 Telephone: (423) 528-8484 Facsimile: (423) 717-5564 E-mail: roymichael@rmrlegal.com ServeStar LLC ServeStar, LLC, provides commercial and residential plumbing services across the southeastern United States and select additional regions, including Tennessee, Georgia, Alabama, Kentucky, Florida, Texas, Ohio, and North Carolina. It offers a range of solutions such as drain cleaning, water heater installation and repair, drain line repair with fiber-optic inspections, backflow testing, and 24/7 emergency plumbing services. ServeStar sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 26-10417) on Feb. 17, 2026, with between $1 million and $10 million in both assets and liabilities. The petition was signed by Aaron Miller as chief executive officer. Judge Nicholas W. Whittenburg oversees the case. The Debtor is represented by Roy Michael Roman, Esq., at Rmr Legal, PLLC. SERVIN PLUMBING: Hires Kutner Brinen Dickey Riley as Counsel ------------------------------------------------------------ Servin Plumbing Services LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Kutner Brinen Dickey Riley, P.C. as counsel. The firm will provide these services: a. provide the Debtor with legal advice with respect to its powers and duties; b. aid the Debtor in the development of a plan of reorganization under Chapter 11; c. file the necessary petitions, pleadings, reports, and actions which may be required in the continued administration of the Debtor's property under Chapter 11; d. take necessary actions to enjoin and stay until final decree continuation of pending proceedings and to enjoin and stay until final decree commencement of lien foreclosure proceedings and all matters as may be provided under 11 U.S.C. Sec. 362; and e. perform all other legal services for the Debtor which may be necessary herein. The firm will be paid at these rates: Jeffrey S. Brinen $600 per hour Jonathan M. Dickey $425 per hour Keri L. Riley $410 per hour The firm received a retainer in the amount of $19,040. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Keri Riley, Esq., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Keri L. Riley, Esq. 1660 Lincoln Street, Suite 1720 Denver, CO 80264 Tel: (303) 832-2400 Email: KLR@KutnerLaw.com About Servin Plumbing Services LLC Servin Plumbing Services LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 26-13991) on June 3, 2026, listing $100,001 to $500,000 in assets and $100,001 to $500,000 in liabilities. Judge Thomas B Mcnamara presides over the case. Keri L. Riley, Esq. at Kutner Brinen Dickey Riley, P.C. serves as the Debtor's counsel. SKOLEM GROUP: Starts Chapter 11 Bankruptcy in California -------------------------------------------------------- On June 22, 2026, Skolem Group, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Central District of California. According to court filings, the debtor reports between $10 million and $50 million in debt owed to between 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on July 21, 2026 at 11:00 AM at UST-SA1, TELEPHONIC MEETING. CONFERENCE LINE:1-888-330-1716, PARTICIPANT CODE:8695724. Deadline to file the Statement of Financial Affairs (Form 107 or 207) and the Summary of Assets and Liabilities (Form 106Sum or 206Sum) is July 6, 2026. About Skolem Group, LLC Skolem Group, LLC is a California-based investment and business management company engaged in managing corporate assets, investments, and affiliated business interests. Skolem Group, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11915) on June 22, 2026. In its petition, the debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Scott C. Clarkson handles the case. The debtor is represented by Kyra E. Andrassy, Esq. of Raines Feldman Littrell LLP. SLEEP NUMBER: July 9 Hearing Set for Securities Transfer Procedures ------------------------------------------------------------------- On June 12, 2026 (the "Petition Date"), Sleep Number Corporation, Inc. ("Parent Debtor and, together with its direct and indirect subsidiaries, collectively, "Sleep Number" or the "Debtors"), each of which is a debtor and debtor in possession in the Chapter 11 Cases, filed a voluntary petition for relief with the United States Bankruptcy Court for the Southern District of New York (the "Court") under chapter 11 of the Bankruptcy Code. Subject to certain exceptions, section 362 of the Bankruptcy Code operates as a stay of any act to obtain possession of property of or from the Debtors' estates or to exercise control over property of or from the Debtors' estates. On the Petition Date, the Debtors filed the Motion of the Debtors for Entry of Interim and Final Orders (I) Establishing Notification and Hearing Procedures for, and Approving Restrictions on, Certain Transfers of and Declarations of Worthlessness With Respect to Interests in the Debtors' Estates and(II) Establishing a Record Date for Notice and Sell-Down Procedures for Trading in Claims Against the Debtors' Estates (the "Motion"). On June 15, 2026, the Court entered the Interim Order Establishing Notification and Hearing Procedures for, and Approving Restrictions on, Certain Transfers of and Declarations of Worthlessness With Respect to Interests in the Debtors' Estates (the "Interim Order") approving the procedures for certain transfers of Securities and declarations of worthlessness with respect to Securities set forth in Exhibit A to the Motion (the "Securities Procedures"). In addition to the Interim Order, the Motion requested that the Court enter the Final Order (I) Establishing Notification and Hearing Procedures for, and Approving Restrictions on, Certain Transfers of and Declarations of Worthlessness With Respect to Interests in the Debtors' Estates and(II) Establishing a Record Date for Notice and Sell-Down Procedures for Trading in Claims Against the Debtors' Estates (the "Proposed Final Order"). Pursuant to the Interim Order, a Beneficial Owner of Securities may not consummate any purchase, sale, or other transfer of, or exercise any Option to acquire, Securities or Beneficial Ownership of Securities in violation of the Securities Procedures, and any such transaction in violation of the Securities Procedures shall be null and void ab initio. Pursuant to the Interim Order, the Securities Procedures shall apply to the holding and transfers of Securities or any Beneficial Ownership therein (including, for the avoidance of doubt, the filing of a Substantial Securityholder Notice, to the extent required therein). Pursuant to the Interim Order, a Beneficial Owner may not claim a worthless stock deduction with respect to Securities, or Beneficial Ownership of Securities, in violation of the Securities Procedures, and any such deduction in violation of the Securities Procedures shall be null and void ab initio, and the Beneficial Owner shall be required to file an amended tax return revoking such deduction. Pursuant to the Proposed Final Order, a Beneficial Owner of Securities would not be able to consummate any purchase, sale, or other transfer of, or exercise any Option to acquire, Securities or Beneficial Ownership therein in violation of the Securities Procedures, and any such transaction in violation of the Securities Procedures shall be null and void ab initio. Pursuant to the Proposed Final Order, the Securities Procedures would apply to the holding and transfers of Securities or any Beneficial Ownership therein (including, for the avoidance of doubt, the filing of a Substantial Securityholder Notice to the extent required therein). Pursuant to the Proposed Final Order, a Beneficial Owner would not be able to claim a worthless stock deduction with respect to Securities, or Beneficial Ownership of Securities, in violation of the Securities Procedures, and any such deduction in violation of the Securities Procedures shall be null and void ab initio, and the Beneficial Owner shall be required to file an amended tax return revoking such deduction. Upon the request of any Beneficial Owner of Securities, Kroll Restructuring Administration LLC, the Debtors' claims and noticing agent, will provide a copy of the Interim Order or Proposed Final Order and a form of each of the declarations required to be filed by the Securities Procedures in a reasonable period of time. Such declarations are also available via PACER on the Court's website at www.nysb.uscourts.gov for a fee, or free of charge by accessing the Debtors' case information website located at https://restructuring.ra.kroll.com/Sleepnumber. The final hearing to consider the relief requested in the Motion will be held on July 9, 2026 at 10:00 a.m. (prevailing Eastern Time) and any objections or responses to the Motion shall be filed and served on the Notice Parties so as to be actually received on or prior to July 2, 2026 at 12:00 p.m. (prevailing Eastern Time). FAILURE TO FOLLOW THE SECURITIES PROCEDURES SET FORTH IN THE INTERIM ORDER OR, ONCE ENTERED, THE PROPOSED FINAL ORDER SHALL CONSTITUTE A VIOLATION OF, AMONG OTHER THINGS, THE AUTOMATIC STAY PROVISIONS OF SECTION 362 OF THE BANKRUPTCY CODE. ANY PROHIBITED PURCHASE, SALE, OTHER TRANSFER OF, EXERCISE OF ANY OPTION TO ACQUIRE, OR DECLARATION OF WORTHLESSNESS WITH RESPECT TO, SECURITIES, OR BENEFICIAL OWNERSHIP THEREOF IN VIOLATION OF THE INTERIM ORDER OR, ONCE ENTERED, THE PROPOSED FINAL ORDER IS PROHIBITED, SHALL BE NULL AND VOID AB INITIO, AND MAY BE SUBJECT TO ADDITIONAL SANCTIONS AS THE COURT MAY DETERMINE. THE REQUIREMENTS SET FORTH IN THE INTERIM ORDER OR, ONCE ENTERED, THE PROPOSED FINAL ORDER ARE IN ADDITION TO THE REQUIREMENTS OF APPLICABLE LAW AND DO NOT EXCUSE COMPLIANCE THEREWITH. Proposed Counsel to the Debtors and Debtors in Possession: Brian M. Resnick, Esq. Angela M. Libby, Esq. Stephen D. Piraino, Esq. Richard J. Steinberg, Esq. Sihui (Sophy) Ma, Esq. Mordechai Rivkin, Esq. DAVIS POLK & WARDWELL LLP 450 Lexington Avenue New York, NY 10017 Tel: (212) 450-4000 Email: brian.resnick@davispolk.com angela.libby@davispolk.com stephen.piraino@davispolk.com richard.steinberg@davispolk.com sophy.ma@davispolk.com mordechai.rivkin@davispolk.com About Sleep Number Corp. Sleep Number Corporation, formerly Select Comfort Corporation, is a Minneapolis, Minnesota-based company founded in 1987. The company offers mattresses and bases, including smart mattresses with adjustable firmness, digital sensing, automatic comfort adjustments, and temperature-control features. Sleep Number uses a direct-to-consumer distribution model through Sleep Number stores and online retail touchpoints, and provides home delivery and professional set-up services. The company operates 572 stores in 50 U.S. states and employs approximately 2,920 employees. Sleep Number Corporation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11399) on June 12, 2026. In its petition, the Debtor reports total assets of approximately $642.32 million and total debts of approximately $1.28 billion as of April 30, 2026. The Honorable Bankruptcy Judge Kyu Young Paek handles the case. Davis Polk & Wardwell LLP is serving as Sleep Number's legal advisor in the restructuring. The company also retained Guggenheim Securities, LLC as investment banker, A&G Real Estate Partners as real estate advisors, and Kroll Restructuring Administration LLC as claims, noticing, solicitation, and administrative agent. SLEEP NUMBER: Section 341 Meeting Scheduled for July 8 ------------------------------------------------------ On June 12, 2026, Sleep Number Corporation ("Sleep Number") entered into an agreement to combine with Sleep Country Canada to create a leading North American mattress and bedding company. The transaction will enable the combined company to provide consumers across the United States and Canada a broader assortment of innovative sleep products and services in stores and online. To facilitate the combination, Sleep Number and four affiliated debtors (collectively, the "Debtors") initiated a voluntary Chapter 11 sale process in the United States Bankruptcy Court for the Southern District of New York. The cases are jointly administered under Case No. 26-11399 by the Honorable Kyu Young Paek. The transaction is being undertaken pursuant to Section 363 of the U.S. Bankruptcy Code and under the terms of the agreement, Sleep Country will serve as the "stalking horse" bidder. Accordingly, the proposed transaction is subject to higher and better offers, Court approval and other closing conditions. The debtors have received interim approval from the Court to access up to $260?million of debtor-in-possession ("DIP") financing, including up to $65 million in new financing. This DIP financing, combined with cash generated from Sleep Number's ongoing operations, is expected to support the business during the court-supervised process. The debtors have established a webpage that contains additional information regarding the company's court-supervised sale process at forward.sleepnumber.com. Meeting of Creditors The Meeting of Creditors (the "section 341 meeting") will be held by Zoom conference on July 8, 2026 at 1:00 p.m. (ET). Zoom.us/join Meeting ID #: 161 1242 4438 Access Code: 8901234678 Dial-in #: 1-202-793-2740 For additional meeting information go to https://www.justice.gov.ust/chllmoc. The debtors' representative must attend the meeting to be question under oath. Creditors may attend, but are not required to do so. The meeting may be continued or adjourned to a later date. If so, the date will be on the court docket. About Sleep Number Corp. Sleep Number Corporation, formerly Select Comfort Corporation, is a Minneapolis, Minnesota-based company founded in 1987. The company offers mattresses and bases, including smart mattresses with adjustable firmness, digital sensing, automatic comfort adjustments, and temperature-control features. Sleep Number uses a direct-to-consumer distribution model through Sleep Number stores and online retail touchpoints, and provides home delivery and professional set-up services. The company operates 572 stores in 50 U.S. states and employs approximately 2,920 employees. Sleep Number Corporation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11399) on June 12, 2026. In its petition, the Debtor reports total assets of approximately $642.32 million and total debts of approximately $1.28 billion as of April 30, 2026. The Honorable Bankruptcy Judge Kyu Young Paek handles the case. Davis Polk & Wardwell LLP is serving as Sleep Number's legal advisor in the restructuring. The company also retained Guggenheim Securities, LLC as investment banker, A&G Real Estate Partners as real estate advisors, and Kroll Restructuring Administration LLC as claims, noticing, solicitation, and administrative agent. SME DUBLIN: Plan Exclusivity Period Extended to July 30 ------------------------------------------------------- Judge Robert M. Matson of the U.S. Bankruptcy Court for the Middle District of Georgia extended SME Dublin, LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to July 30 and Sept. 29, 2026, respectively. As shared by Troubled Company Reporter, the Debtor believes that its efforts will have a significant impact on its ability to successfully reorganize. Debtor believes that it has reasonable prospects for filing a viable plan. However, it needs additional time to formulate and negotiate a plan and prepare the required adequate information. The Debtor explains that since the Petition Date, Debtor has devoted substantial time and resources to negotiating a comprehensive settlement with First Federal, the primary secured creditor and sole active stakeholder in this case. These discussions have focused on a formal forbearance and settlement agreement which was fully executed on March 30, 2026. And without such settlement, there is a real possibility that First Federal could obtain stay relief, foreclose on Debtor's primary asset, and, thus, wipe-out recoveries for all other creditors of the estate. The Debtor asserts that it is generally paying its post-petition debts as they come due and believes that it will have sufficient cash to continue paying its post-petition obligations as they come due. Debtor is also satisfying its non-financial obligations, by maintaining insurance, and continuing to maintain its assets. Debtor's performance in this regard supports its request for extension, further reducing potential risk to the reorganization process if the extensions are granted. The Debtor further asserts that it does not seek the extensions to delay the reorganization or to pressure the creditors to accede to a plan that they might find unacceptable. Rather, Debtor seeks the extensions to provide it with time to attempt to reach a consensus on a confirmable plan and the creation of viable, sustainable reorganized Debtor. At this early stage, a relatively short extension of the Exclusive Periods will not harm or prejudice any party-in-interest. SME Dublin, LLC is represented by: David L. Bury, Jr., Esq. Thomas B. Norton, Esq. E. Tate Crymes, Esq. Stone & Baxter, LLP 577 Third Street Macon, GA 31201 Tel: (478) 750-9898 Fax: (478) 750-9899 Email: dbury@stoneandbaxter.com tnorton@stoneandbaxter.com tcrymes@stoneandbaxter.com About SME Dublin LLC SME Dublin, LLC, is a privately held limited liability company whose main assets are situated at 330 Dewey Warnock Rd., East Dublin, GA 31027. SME Dublin, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Ga. Case No. 25-51942) on Dec. 2, 2025, listing in both assets and liabilities. The petition was signed by Hugh F. Smisson, III as CEO, president and general manager. Judge Robert M. Matson presides over the case. David L. Bury, Jr., at STONE & BAXTER, LLP, is the Debtor's counsel. SPANISH BROADCASTING: Judge Intends to Approve Chapter 11 Plan -------------------------------------------------------------- Emlyn Cameron of Law360 Bankruptcy Authority reports that A Delaware bankruptcy judge announced Thursday that he intends to approve Spanish Broadcasting System's Chapter 11 reorganization plan after reviewing the final form of the plan documents. In doing so, the court largely overruled objections that challenged various aspects of the proposed restructuring. The judge concluded that the debtor had substantially met the Bankruptcy Code's confirmation requirements and that the remaining issues could be addressed through revisions to the final documentation. Once those changes are incorporated, the court is expected to enter an order confirming the plan, the report cites. The decision positions Spanish Broadcasting System to emerge from Chapter 11 with a court-approved restructuring strategy, enabling the broadcaster to continue its operations while implementing the financial terms negotiated with creditors, according to Law360. About Spanish Broadcasting System Spanish Broadcasting System Inc. operates Spanish-language radio stations and media properties serving Hispanic communities across the U.S. and Puerto Rico. The company's business includes radio broadcasting, digital advertising, music programming and live entertainment initiatives. Through its portfolio of stations and online brands, the company delivers music, news, talk and cultural programming tailored to Latino listeners. Spanish Broadcasting System and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10708) on May 11, 2026. In its petition, Spanish Broadcasting System disclosed estimated assets and liabilities between $100 million and $500 million each. The case is jointly administered in Case No. 26-10708. Bankruptcy Judge Brendan Linehan Shannon handles the case. The Debtors are represented by Robert J. Dehney, of Morris, Nichols, Arsht & Tunnell. Fried, Frank, Harris, Shriver & Jacobson LLP was retained as general bankruptcy counsel, while GLC Advisors & Company is serving as investment banker. Financial advisory and chief restructuring officer duties are being handled by Riveron Management Services LLC and Jesse York, and Kroll Restructuring Administration LLC is serving as claims agent and administrative advisor. STARDOM CONSTRUCTION: Seeks Cash Collateral Access -------------------------------------------------- Stardom Construction, L.L.C. asks the U.S. Bankruptcy Court for the Western District of Louisiana, Alexandria Division, for authority to use cash collateral and provide adequate protection. The collateral at issue consists of a house and a quarter-acre tract of land located at 5225 Highway 1 North in Marksville, Louisiana, in Avoyelles Parish. According to the Debtor, the property is subject to a lien held by First Guaranty Bank, and the Debtor believes no other liens encumber the asset. The company emphasizes that the property contains substantial equity and has not experienced significant depreciation because it is regularly maintained and inspected. To provide adequate protection to First Guaranty Bank, the Debtor proposes making monthly payments of $500. This amount is the same as the payment required under the original promissory note, suggesting that the bank's position will be preserved while the bankruptcy case proceeds. The Debtor further requests that all legal and equitable rights of both the debtor and the bank remain fully preserved and not be deemed waived by the proposed arrangement. The Debtor is seeking continued use of the land and building and approval of interim monthly payments to First Guaranty Bank pending further court orders. The Debtor seeks a hearing on the matter as soon as practicable, arguing that prompt approval is necessary to maintain operations and support its restructuring efforts under Chapter 11. A copy of the motion is available at https://urlcurt.com/u?l=N7wMhn from PacerMonitor.com. About Stardom Constructio, L.L.C. Stardom Construction, L.L.C. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Louisiana, Alexandria Division Case No. 26-80399) on June 11, 2026. At the time of the filing, Debtor had estimated assets of between $50,001 and $100,000 and liabilities of between $100,001 and $500,000. Judge Stephen D Wheelis oversees the case. Thomas R. Willson is Debtor's legal counsel. STYX LOGISTICS: Unsecureds to Get 3 Cents on Dollar in Plan ----------------------------------------------------------- STYX Logistics LLC submitted an Amended Plan of Reorganization for Small Business dated June 16, 2026. The Debtor will fund the Plan by contributing his "Disposable Income" for a period of 60-months. The Plan Proponent's financial projections show Debtor will have projected disposable income of $1,000 per month. The final Plan payment is expected to be paid on Sept. 30, 2031. This Plan of Reorganization proposes to pay creditors of the Debtor from cash flow from operations of Debtor's businesses. Non-priority unsecured creditors holding allowed claims in Debtor's case will receive distributions, which the proponent of this Plan has valued at 3 cents on the dollar. This Plan also provides for the payment of administrative and priority claims. Class 4 consists of Non-Priority General Unsecured Creditors. Each holder of a Class 4 non-priority unsecured Allowed Claim shall receive their pro rata share of Debtor's Disposable Income, after the payment in full of Administrative Claims, through the end of the Plan Term (the "Class 4 Plan Dividend"). Any portion of a Class 4 nonpriority general unsecured claim in excess of the Class 4 Plan Dividend shall be discharged in accordance with Article 9 of this Plan. This Class is impaired. Class 5 consists of Equity security holders of Debtor shall retain their interests in the Debtor, but shall receive no disbursement on account of such equity interest during the Plan Term. The Debtor will use its Disposable Income during the Plan Term, cash on hand, and profits from the operation of its business to fund the Plan. Commencing on the Effective Date of this Plan, Debtor's Disposable Income will be disbursed on a monthly basis and first used to fund Debtor's required Plan payments to allowed administrative expense claims and then Class 4 non-priority general unsecured creditors in the order and manner set forth in Section 7.02 of this Plan. During the Plan Term, Debtor's Disposable Income shall be disbursed on a monthly basis in the following order: * First, to allowed administrative expenses in Debtor's case until those claims are paid in full; and * Then, to Class 4 Non-Priority General Unsecured Claims through the end of the Plan Term. A full-text copy of the Amended Plan dated June 16, 2026 is available at https://urlcurt.com/u?l=v1tmor from PacerMonitor.com at no charge. Counsel to the Debtor: Kevin A. Darby, Esq. Darby Law Practice, Ltd. 499 W. Plumb Lane, Suite 202 Reno, NV 89509 Telephone: (775) 322-1237 Facsimile: (775) 996-7290 E-mail: kevin@darbylawpractice.com About STYX Logistics LLC STYX Logistics, LLC, provides delivery services as an independent Delivery Service Partner for Amazon, supporting the fulfillment of Amazon Prime deliveries. STYX Logistics LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 25-50941) on Oct. 9, 2025, listing $50,000 to $100,000 in assets and $1 million to $10 million in liabilities. The petition was signed by Nikola Tersiev as manager. Judge Hilary L Barnes presides over the case. Kevin A. Darby, at DARBY LAW PRACTICE, represents the Debtor as counsel. SUNPOWER CORP: Sued by Builder to Block Solar Panel Payment Claims ------------------------------------------------------------------ Clara Geoghegan of Law360 Bankruptcy Authority reports that a Delaware bankruptcy judge has been asked by residential developer Taylor Morrison to stop the buyer of SunPower's assets from contacting owners of homes equipped with the bankrupt company's solar panels. The builder argues that the purchaser lacks the authority to seek repayment or remove equipment that has already been installed on residential properties. Taylor Morrison says the solar systems became permanent improvements once installed and cannot be repossessed after the homes were sold. The company also argues that direct contact with homeowners risks misleading consumers and interfering with established property rights. The requested injunction would prevent further collection or repossession efforts while the bankruptcy court determines the parties' respective rights. The dispute highlights continuing conflicts over assets transferred during SunPower's Chapter 11 restructuring, Law360 reports. About SunPower Corp. Headquartered in Richmond, California, SunPower (NASDAQ: SPWR) -- https://www.sunpower.com/ -- is a residential solar, storage, and energy services provider in North America. SunPower offers solar + storage solutions that give customers control over electricity consumption and resiliency during power outages while providing cost savings to homeowners. SunPower Corporation and nine of its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead Case No. 24-11649) on August 5, 2024. In the petition signed by Matthew Henry as chief transformation officer, the Debtors disclosed total assets of $1,219,276,283 and total debts of $1,119,141,312 as of December 31, 2023. The Debtors have engaged Richards, Layton & Finger, P.A. and Kirkland & Ellis LP as bankruptcy counsel. Alvarez & Marsal NorthAmerica, LLC serves as financial advisor to the Debtors. Moelis & Company LLC acts as investment banker to the Debtors, and Epiq Systems Inc. acts as notice and claims agent. T & T HAULING: Seeks to Hire J.M. Cook as Bankruptcy Counsel ------------------------------------------------------------ T & T Hauling and Transport LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to hire J.M. Cook, PA as counsel. The firm will render these services: (a) prepare on behalf of the Debtor necessary legal papers necessary in its reorganization case; (b) assist the Debtor in evaluating the legal basis for, and effect of, the various pleadings that will be filed in the Chapter 11 case and other parties in interest; (c) perform all necessary legal services in connection with the Debtor's reorganization; (d) assist the Debtor in preparing the monthly operating reports and evaluating and negotiating its or any other party's Plan of Reorganization and any associated Disclosure Statement; (e) commence and prosecute any and all necessary and appropriate actions and/or proceedings on behalf of the Debtor; and (f) perform all other legal services for the Debtor which may be necessary and proper in these proceedings and in keeping with his fiduciary duty. The firm will be paid at an hourly rate of $300 for legal work and $175 for paralegal work. Prior to filing, the firm received a $3,500 retainer from a related party. J.M. Cook, Esq., disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: J.M. Cook, Esq. J.M. Cook, PA 5886 Faringdon Place Suite 100 Raleigh, NC 27609 Telephone: (919) 675-2411 Facsimile: (919) 882-1719 Email: J.M.Cook@jmcookesq.com About T & T Hauling and Transport LLC T & T Hauling and Transport LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-02188) on May 14, 2026, listing $500,001 to $1 million in both assets and liabilities. Judge Pamela W Mcafee presides over the case. J.M. Cook, Esq. at J.M. Cook, P.A. serves as the Debtor's counsel. T7 ENTERPRISES: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ T7 Enterprises LLC received interim approval from the U.S. Bankruptcy Court for the Western District of Texas, Austin Division, to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral through July 16 based on a court-approved interim budget. Any creditor with security interest in the cash collateral as of the petition date will be granted replacement liens on post-petition accounts receivable, contract rights, and deposit accounts, with the same validity, priority and extent as its pre-petition liens. The replacement liens are subject and subordinate to the fee carveout. The Debtor's authority to use cash collateral automatically terminate upon dismissal or conversion of the Debtor's Chapter 11 case; appointment of a Chapter 11 trustee; expiration of the interim order without extension; the effective date of a confirmed Chapter 11 plan; or a material breach of the interim order. The court scheduled a final hearing for July 16 and set a July 10 deadline for filing objections. The order is available at https://is.gd/vDvWKU from PacerMonitor.com. The Debtor's business -- a tire recycling and disposal enterprise in Texas -- relies entirely on ongoing cash flow generated from accounts receivable, which are subject to multiple pre-petition security interests held by a wide range of lenders. Because substantially all operating cash is encumbered by liens, the Debtor cannot access or use these funds without either creditor consent or court authorization. Secured creditors include CRF Small Business Loan Company, Crestmark/MetaBank, Navitas Credit Corp., JCB Finance, PlainsCapital Bank, First Western Bank & Trust, PNC Bank, Apex Commercial Capital Corp., Keystone Equipment Finance, and others. These liens collectively cover substantially all categories of the Debtor's assets, including equipment, inventory, accounts receivable, general intangibles, deposit accounts, and proceeds. Because of this broad collateral coverage, the Debtor's operating cash is presumed to constitute cash collateral. About T7 Enterprises LLC T7 Enterprises, LLC, doing business as Reliable Tire Disposal, provides tire recycling and recovery services from locations in Burnet and Victoria, Texas. The company picks up scrap tires from businesses, accepts drop-offs, and processes scrap tires into tire-derived fuel and crumb rubber products. It also sells wholesale used tires to commercial, retail, and agricultural customers. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-11103) on June 9, 2026. In the petition signed by Gary Thomas, chairman and CEO, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Shad M. Robinson oversees the case. Robert C. Lane, Esq., at The Lane Law Firm, represents the Debtor as bankruptcy counsel. THOMAS C. STEET: Gets Interim OK to Use Cash Collateral ------------------------------------------------------- Thomas C. Steet DDS, PA, received seventh interim approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina authorizing the continued use of cash collateral. The order authorized the Debtor to use cash collateral for ordinary and necessary operating expenses during the period from June 14 through July 13, in accordance with a budget approved by the Bankruptcy Administrator. The Debtor may operate within the approved budget subject to an overall variance of no more than 10%. The Debtor projects total operational expenses of $76,538 for interim period. The court recognized that the Debtor's operating revenues may constitute cash collateral subject to the interests of multiple secured creditors, including the U.S. Small Business Administration, Bankers Healthcare Group, Dext Capital, Velocity Group, Pinnacle, Nexi, and Fenix Funding. The largest listed secured obligation is approximately $1.88 million owed to the SBA, with additional claims ranging from roughly $26,000 to $208,000. As adequate protection, secured creditors were granted replacement liens on the Debtor's post-petition revenues and assets acquired after the bankruptcy filing to the same extent and priority as their prepetition liens. The order also required the Debtor to remain current on all post-petition federal, state, and local tax obligations, maintain debtor-in-possession accounts for post-petition receivables, and provide secured creditors reasonable access to financial records and business operations. A further hearing on continued use of cash collateral is scheduled for July 8. About Thomas C. Steet, DDS PA Thomas C. Steet, DDS PA is a dental practice based in Cary, North Carolina, providing general, cosmetic, and restorative dental services, including porcelain veneers, dental implants, crowns, and bridges. The practice is led by Dr. Thomas C. Steet and serves patients in Cary and surrounding communities from a single location. Thomas C. Steet, DDS PA filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-04930) on December 11, 2025, listing $50,000 to $100,000 in assets and $1 million to $10 million in liabilities. The petition was signed by Thomas C. Steet as owner and manager. Philip M. Sasser, Esq. at SASSER LAW FIRM represents the Debtor as counsel. THRILL INTERMEDIATE: Unsecureds' Recovery "Unknown" in Plan ----------------------------------------------------------- Thrill Intermediate LLC and its affiliates filed with the U.S. Bankruptcy Court for the District of Nevada a Disclosure Statement to accompany Joint Plan of Reorganization and Liquidation dated June 17, 2026. The Debtors' principal business and revenue came from the production and ancillary services related to the TV show Ridiculousness (the "Series"). While backoffice services were maintained at Debtors' principal place of business located at 10801 W. Charleston Boulevard, Suite 600, Las Vegas, NV 89135, production services were historically seasonal. The Series was produced in concentrated blocks throughout the year in the Los Angeles area. Debtors filed their Chapter 11 Cases to preserve and maximize the value of Debtors' business. The Plan seeks, among other things, to implement the settlement agreements among various parties in interest as set forth in the Plan Term Sheet ("Plan Term Sheet"), which is the result of the Debtors' extensive, arm's-length negotiations with various constituents in order to resolve outstanding Claims and Interests, including the Lenders' Secured Claim and potential disputes with the MTV Parties and the Opt-In Talent Parties related to payments. On the Effective Date, existing Equity Interests in Thrill Holdings, LLC will be cancelled, and new equity interests in Reorganized Thrill Holdings will be issued to the Holders of the Allowed Class 1 Lenders' Secured Claim, or their designees. The assets of Reorganized Thrill Holdings will include, inter alia, the proceeds of the Partners Settlement Contribution, payment rights under the MTV Direction of Payments, the Clip Library, the assets of Nitro Rallycross LLC, and any remaining Cash Collateral after the payment of all amounts authorized and directed under applicable Court orders, the Plan, and the Confirmation Order. The Plan incorporates and implements the Settlement Transactions, including, among other things: the Partners Settlement Contribution; the MTV Direction of Payments; the resolution of contractual change-of-control issues, "ready, willing, and able" requirements, and potential assignment revocation issues relating to the PSA, Related Agreements, and Talent Agreements; and the releases approved or to be approved in connection with the 9019 Order and Confirmation Order, including the MTV Specific Release. The Plan also establishes a Litigation Trust to receive and administer Retained Causes of Action and other Litigation Trust Property. Proceeds of the Litigation Trust Property will be distributed first to pay the reasonable fees and expenses of the Litigation Trustee and its retained professionals, second to reimburse the Lenders for amounts funded into the Litigation Trust Budget plus interest at the default rate under the Credit Agreement, and thereafter pro rata to the Holders of Allowed Class 4 General Unsecured Claims, including Reorganized Thrill Holdings as applicable. The Plan is structured as a plan of reorganization for Thrill Holdings LLC, Superjacket Productions LLC, Nitro Rallycross LLC, and Crown Media Entertainment, LLC (collectively, as reorganized under the Plan, the "Reorganized Debtors"), and as a plan of liquidation for Thrill Intermediate LLC, Nitrocross IP Holdings LLC, Purple Shark, LLC, Perfect Feet Productions, LLC, and Conduit Post, LLC (collectively, the "Liquidating Debtors"). Class 4 consists of all General Unsecured Claims against the Debtors. On the Effective Date, each Holder of an Allowed Class 4 Claim shall receive, in full and final satisfaction of such Claim, its Pro Rata share of Litigation Trust Interests, including rights to distributions in accordance with the Litigation Trust waterfall described in the Plan and the Litigation Trust Agreement. Any Distributions under the Plan to Holders of Claims arising under the Mezz Purchase Agreement, including Class 4 Claims, shall be subject to and made in accordance with the Intercreditor Agreement, including the turnover provisions set forth therein. Additionally, the Litigation Trust Interests attributable to the Lenders' Deficiency Claim shall be issued to Reorganized Thrill Holdings in respect of such unsecured claims, and any distributions on account of such Litigation Trust Interests shall be made in accordance with the Litigation Trust waterfall. Class 4 is Impaired and entitled to vote to accept or reject the Plan. The allowed unsecured claims total $69,209,163.84. The estimated recovery for General Unsecured Claims is "unknown at this time", according to the Disclosure Statement. Class 7 consists of all Other Equity Interests. On the Effective Date, all Other Equity Interests shall be cancelled. In the case of Equity Interests in Thrill Holdings, such cancellation shall occur in connection with the issuance of new Equity Interests in Reorganized Thrill Holdings under the Plan. Holders of Other Equity Interests shall neither receive nor retain any property on account of such Equity Interests. Class 7 is Impaired. From the Confirmation Date through the Effective Date, the Debtors shall continue to operate as debtors in possession under Sections 1107 and 1108 of the Bankruptcy Code and shall take all actions necessary or appropriate to consummate the Plan and the Settlement Transactions, in each case consistent with the Plan and the Definitive Documentation and subject to the consent rights set forth herein. On the Effective Date, except as otherwise provided in the Plan, the 9019 Order, and the Confirmation Order, all transactions required to occur under the Plan shall be deemed to occur and shall occur simultaneously. The Confirmation Order shall authorize the Debtors, the Reorganized Debtors, the Liquidating Debtors, the Plan Administrator, and the Litigation Trustee, as applicable, to execute, deliver, file, record, and implement all documents and take all actions necessary or appropriate to consummate the Plan without further order of the Bankruptcy Court or action by directors, managers, members, equity holders, or officers of any Debtor. The Litigation Trust shall be established for the sole purpose of liquidating its assets and making distributions in accordance with the Plan, Confirmation Order, and the Litigation Trust Agreement, and in accordance with Treasury Regulations Section 301.7701-4(d), with no objective to continue or engage in the conduct of a trade or business, except to the extent reasonably necessary to, and consistent with, the liquidating purpose of the Litigation Trust. A full-text copy of the Disclosure Statement dated June 17, 2026 is available at https://urlcurt.com/u?l=SSHgRy from Stretto Inc., claims agent. Counsel to the Debtors: Gregory Garman, Esq. William M. Noall, Esq. Talitha Gray Kozlowski, Esq. Teresa M. Pilatowicz, Esq. Garman Turner Gordon LLP 7251 Amigo Street, Suite 210 Las Vegas, NV 89119 Telephone: (725) 777-3000 Facsimile: (725) 777-3112 About Thrill Intermediate LLC Thrill Intermediate, LLC, a Las Vegas-based holding company, through its direct and indirect wholly owned subsidiaries, creates and produces television content and has at times produced live entertainment events, most notably the MTV show Ridiculousness, a 30-minute studio clip show where host Rob Dyrdek and co-hosts comment on viral videos featuring stunts, mishaps, and everyday chaos, which constitutes roughly half of MTV's programming. The Company also manages subsidiaries involved in media production, digital marketing, event management, and intellectual property. Thrill Intermediate and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 25-15714) on September 28, 2025. In its petition, Thrill Intermediate disclosed estimated assets between $50 million and $100 million and estimated liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Mike K. Nakagawa handles the cases. The Debtors tapped Gregory E. Garman, Esq., at Garman Turner Gordon, LLP as counsel and Force Ten Partners, LLC as restructuring advisor. Stretto, Inc. is the Debtors' claims, noticing, and solicitation agent. TODD CREEK: Trustee to Tap Madeline Lia Duncan as HOA Counsel ------------------------------------------------------------- Andrew D. Johnson, in his capacity as Chapter 11 trustee for Todd Creek Farms Homeowners Association Inc., seeks approval from the U.S. Bankruptcy Court for the District of Colorado to employ Madeline Lia Duncan P.C. as homeowners association counsel. The firm will provide advice and representation as requested by the Trustee. The firm will be paid at these hourly rates: -- Madeline Lia Duncan $300 -- Staff $95 Madeline Lia Duncan P.C. is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached at: Andrew D. Johnson 1801 California St., Suite 2400 Denver, CO 80202 Phone: (720) 457-7061 Email: ajohnson@OFJlaw.com About Todd Creek Farms Home Owners Association Todd Creek Farms Home Owners Association Inc. is a residential community management organization that oversees common areas, enforces covenants, and provides services to homeowners in the Todd Greek Farms development. Todd Creek Farms Home Owners Association Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-14385) on July 15, 2025. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $100,000 and $500,000. Honorable Bankruptcy Judge Kimberley H. Tyson handles the case. The Debtors are represented by Jeffrey Weinman, Esq. at Allen Vellone Wolf Helfrich & Factor P.C. TRANSGLOBAL MANAGEMENT: Shifts Voting Control to Jeff Foster ------------------------------------------------------------ Transglobal Management Group, Inc. announced in a regulatory filing that Kelly Kirchhoff entered into an Assignment Agreement pursuant to which he transferred 61 shares of the Company's Series A Preferred Stock to Jeff Foster for valuable consideration. Prior to the transaction, Mr. Kirchhoff beneficially owned 133 shares of the Company's Series A Preferred Stock and Mr. Foster beneficially owned 67 shares of the Company's Series A Preferred Stock. Following the transaction, Mr. Foster beneficially owns 128 shares of Series A Preferred Stock and Mr. Kirchhoff beneficially owns 72 shares of Series A Preferred Stock, together constituting all of the issued and outstanding Series A Preferred Stock of the Company. Pursuant to the rights and preferences of the Series A Preferred Stock, ownership thereof provides the holders with voting rights sufficient to control matters submitted to shareholders, including the election of directors. As a result of the transaction, voting control of the Company shifted from Mr. Kirchhoff to Mr. Foster. Following the transaction, Mr. Foster possesses voting control of the Company. There were no changes to the Company's officers or directors in connection with the transaction. Mr. Foster continues to serve as the Company's President and Chairman of the Board of Directors, and Mr. Kirchhoff continues to serve as the Company's Chief Executive Officer and as a member of the Board of Directors. The transaction was effected pursuant to an Assignment Agreement and an Irrevocable Stock Transfer Power, each dated June 15, 2026. Except for the consideration paid by Mr. Foster to Mr. Kirchhoff, no funds were borrowed or otherwise obtained for the purpose of acquiring control of the Company. About Transglobal Management Group, Inc. Transglobal Management Group, Inc. (OTCID: TMGI) is a publicly traded company focused on building shareholder value through strategic acquisitions and operational growth across golf, leisure, hospitality, and technology-enabled services. Following its acquisition of GETGOLF, LLC, TMGI has expanded its footprint as a diversified platform operating at the intersection of sports, travel, and digital commerce. At February 28, 2026, the Company had negative working capital of $7.98 million and an accumulated deficit of $22.07 million. These factors raise substantial doubt regarding the Company's ability to continue as a going concern. To date, the Company has funded its operations through a combination of loans and sales of common stock. The Company anticipates another net loss for the fiscal year ending May 31, 2026, and with the expected cash requirements for the coming year, there is substantial doubt as to the Company's ability to continue operations. As of February 28, 2026, the Company had $3.33 million in total assets, $8.77 million in total liabilities, and $5.44 million in total stockholders' deficit. TRIPLE-G-GUNITE INC: Unsecureds Will Get 15% of Claims over 5 Years ------------------------------------------------------------------- Triple-G-Gunite, Inc. filed with the U.S. Bankruptcy Court for the Eastern District of California a First Amended Plan of Reorganization dated June 17, 2026. The Debtor is a California corporation equally owned by Juan Carlos Gomora and Christopher Donald Gunn, with a combined 50 years of experience in the swimming pool gunite industry. Debtor operates from its leased commercial space located at 9307 Elder Creek Road, Sacramento California 95829. The Debtor filed the instant case as a result of obtaining too many high interest loans, wherein Debtor sold its future receivable to six merchant cash advance (MCA) in exchange for monies which allowed the debtor to continue operating. The Debtor ultimately was not able to service its debts, even after hiring a third-party company, Resolve, to assist in negotiating with the MCA lenders. After paying Resolve over $400,000, they were only able to assist in placing one of the MCA lenders in a modified payment plan. The other MCA lenders quickly initiated lawsuits, bank levies and letters to its customers to intercept its receivables which resulted in significant cash flow issues. The Debtor's financial projections show that the Debtor will have projected disposable income for the 60-month period of $368,807. The final Plan payment is expected to be paid at the end of the fifth year of the Effective Date. This Plan of Reorganization proposes to pay creditors of the Debtor from future disposable income for a period of 60 months received from Debtor's operation of its pool construction business. This Plan provides for nine classes of secured non-priority claims; one class of unsecured non-priority general claims and one class of Debtor's equity holder's claim. This Plan also provides for the payment of administrative claims and priority claims. Class 10 consists of Unsecured Nonpriority Claims. The Debtor estimates that the total amount of general unsecured claims, including the deficiency claims of Classes 1 through 7 and deficiency claim of class 9 to be approximately $2,438,921.00. The Debtor shall pay $368,807 or 15.00% of allowed unsecured claims over five years from the Effective Date of the Plan. This Class is impaired. HIGH SEASON: Plan payments during the months of April-October shall be $12,195.00 per month. LOW SEASON: Plan payments during the months of November-March shall be $0.00. On the first day of the month following the month in which the Effective Date of the Plan occurs, the Debtor shall begin either monthly or quarterly payments on the Class 10 Unsecured Nonpriority Claims as provided in the General Unsecured Class Distribution Table. Debtor may also make quarterly payments to Claimants. Class 11 consists of Equity Holders Juan Carlos Gomora and Christopher Donald Gunn. Equity Security Holders shall not receive a dividend until the payments contemplated by this Plan are completed. However, Equity Security Holders may receive payment for their services to the Debtor. In the event that an Equity Security Holder forgoes postconfirmation pay that pay shall accrue to the Equity Security Holder as a post-confirmation liability payable when cash flow permits or upon the sale or transfer of the Debtor. The Debtor shall fund the Plan with the proceeds and profits from operating its pool construction business and servicing the general public. A full-text copy of the First Amended Plan dated June 17, 2026 is available at https://urlcurt.com/u?l=tskhDS from PacerMonitor.com at no charge. Counsel to the Debtor: Gabriel E. Liberman, Esq. Law Offices Of Gabriel Liberman, APC 1545 River Park Drive, Ste 530 Sacramento, CA 95815 Tel: (916) 485-1111 Email: attorney@4851111.com About Triple-G-Gunite Inc. Triple-G-Gunite Inc., doing business as Triple G Gunite Inc., Triple G Gunite, Triple-G-Gunite, and TripleGGunite, specializes in gunite application, providing custom concrete solutions for residential, commercial, and industrial projects in Sacramento and surrounding areas. The Company offers services including pool and spa construction, erosion control, and structural foundations, using shotcrete and advanced techniques. It partners with homeowners, contractors, and developers to deliver durable and tailored concrete structures. Triple-G-Gunite relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 25-22625) on May 28, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Judge Christopher M. Klein handles the case. The Debtor is represented by Gabriel E. Liberman, Esq., at the Law Offices of Gabriel Liberman, APC. TRUE LOUNGE: Seeks to Hire Sean Raquet CPA LLC as Accountant ------------------------------------------------------------ True Lounge, Inc. seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Sean Raquet, CPA, LLC as accountant. The firm will prepare the Debtor's monthly operating reports, its financial projections for the Plan of Reorganization and its tax returns, if required. The firm will be paid at these rates: Partners $400 per hour Managers $300 per hour Para-professionals $150 per hour Sean Raquet, CPA, LLC is seeking a $2,000 post-petition retainer from the Debtor. As disclosed in the court filings, Sean Raquet, CPA, LLC is a disinterested person under 11 U.S.C. Sec. 101(14). The firm can be reached through: Sean Raquet, CPA Sean Raquet, CPA, LLC 108 High Street, Suite A Hackettstown, NJ 07840 Phone: (201) 919-1433 Email: sraquetcpa@outlook.com About True Lounge, Inc. True Lounge, Inc. operates as a restaurant, bar, and lounge at 82-88 Orchard Street, Newark, New Jersey, offering live music, comedy, and entertainment events. True Lounge, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 25-18597) on August 15, 2025, listing $2,085,100 in assets and $1,811,117 in liabilities. The petition was signed by Catherine Spruill as president. Judge John K Sherwood presides over the case. Carol L. Knowlton, Esq. at Gorski And Knowlton PC represents the Debtor as counsel. VALYRIAN MACHINE: Hires John R. Foley P.C. as Substitute Counsel ---------------------------------------------------------------- Valyrian Machine LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Michigan to employ John R. Foley, P.C. as substitute counsel. The Debtor's prior counsel, Maddin, Hauser, Roth & Heller, P.C. ("Maddin Hauser"), was permitted to withdraw by Order of the Court entered May 26, 2026. The firm's services include: a. appearing at the June 9, 2026 show-cause and confirmation hearing, and any continued or rescheduled session thereof, and any further hearings in this case; b. preparing and filing a Notice of Appearance, this Application to Employ, the Rule 2016(b) Disclosure of Compensation (Official Form 2030), and a proposed order; c. advising the Debtor with respect to its rights, powers, and duties as a debtor and debtor-in-possession in the continued management and operation of its financial affairs and property; d. evaluating , advising upon, and responding to ChoiceOne Bank's Notice/Affidavit of Default filed May 4, 2026 (ECF No. 107) under the Final Order Authorizing Debtor to Use Cash Collateral and Granting Adequate Protection entered October 10, 2025 (ECF No. 54), including negotiating a forbearance, cure, or modification of the cash collateral order with ChoiceOne Bank and its counsel, and, if necessary, preparing and filing any motion to modify, supplement, or reinstate the automatic stay; e. evaluating the Debtor's existing Subchapter V Plan of Reorganization, advising the Debtor on the viability and confirmability of the existing Plan, preparing any necessary modifications to the Plan under 11 U.S.C. Sec. 1193, and prosecuting confirmation of the Plan; f. attending meetings and negotiating with the Subchapter V Trustee, the Office of the United States Trustee, ChoiceOne Bank, Horizon Bank, and other creditors and parties-in-interest; g. advising and consulting with the Debtor regarding the conduct of this case, including the legal and administrative requirements of operating in Chapter 11, Subchapter V; h. assisting the Debtor with compliance with its monthly operating report obligations and other ongoing reporting requirements; i. preparing and filing applications for compensation and reimbursement of expenses, including an anticipated motion to establish interim compensation procedures under 11 U.S.C. Sec. 331; j. taking all necessary action to protect and preserve the Debtor's estate, including objections to claims filed against the estate; and k. performing all other necessary or appropriate legal services and providing all other necessary legal advice to the Debtor in connection with this Chapter 11, Subchapter V case. The firm will be paid at these rates: John R. Foley, Attorney $500 per hour Patrick A. Foley, Attorney $450 per hour Jesse R. Stec, Attorney $350 per hour Jeffrey R. Glavin, Attorney $350 per hour Staff $125 per hour FoleyPC received an initial retainer in the amount of $20,000. FoleyPC is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Patrick A. Foley, Esq. JOHN R. FOLEY, P.C. 18572 W. Outer Drive Dearborn, MI 48128 Phone: (313) 274-7377 Email: pafoley@jrfpc.net About Valyrian Machine LLC Valyrian Machine, LLC manufactures high-tolerance parts and assemblies for industries such as automotive, aerospace, defense, and energy. Valyrian Machine sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 25-49284) on September 16, 2025. In the petition signed by Kris J. Surcek, sole member, the Debtor disclosed up to $1 million in assets and $10 million in liabilities. Judge Paul R. Hage oversees the case. Julie Beth Teicher, Esq., at Maddin, Hauser, Roth & Heller, P.C., is the Debtor's legal counsel. ChoiceOne Bank, as secured lender, is represented by Sandra S. Hamilton, Esq. at Clark Hill, PLC. VERATICS INC: Gets Interim OK to Use Cash Collateral Until July 15 ------------------------------------------------------------------ Veratics, Inc. received third interim approval from the U.S. Bankruptcy Court for the Middle District of Florida to use cash collateral through July 15, 2026. The court authorized the Debtor to use cash in accordance with an approved budget, allowing up to a 10% variance both on individual budget line items and total expenses. Professional fees included in the budget may be reserved but cannot be paid without separate court approval. The authorization is intended to support ongoing operations while the bankruptcy case proceeds. As adequate protection, the U.S. Small Business Administration was granted a valid and perfected post-petition lien and security interest in post-petition cash collateral to the same extent and priority as any valid pre-petition liens. The court emphasized that it made no determination regarding whether the funds constitute cash collateral or regarding the validity, extent, or priority of any liens asserted by the SBA or other creditors, preserving all parties' rights to challenge those issues later. The order required Veratics to comply with all debtor-in-possession obligations, maintain required insurance coverage, and serve the order on all parties entitled to notice. The court scheduled a further hearing for July 15. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/IwLxz from PacerMonitor.com. About Veratics Inc. Veratics, Inc. is an ecommerce company engaged in the sale and distribution of office and industrial supplies. Veratics filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02546) on April 10, 2026, with $500,001 to $1 million in assets and $1 million to $10 million in liabilities. Aaron Cohen, Esq., a practicing attorney in Jacksonville, Fla., serves as Subchapter V trustee for the Debtor. Judge Grace E. Robson oversees the case. Aaron A. Wernick, Esq., at Wernick Law, PLLC represents the Debtor as bankruptcy counsel. VIA MIZNER: Plan Exclusivity Period Extended to Aug. 20 ------------------------------------------------------- Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern District of Florida extended Via Mizner Owner II, LLC, and Via Mizner Pledgor II, LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to Aug. 20 and Oct. 20, 2026, respectively. As shared by Troubled Company Reporter, the claim that this is a large case; TIG Romspen US Master Mortgage LP ("Romspen"), Via Mizner Owner II, LLC's senior secured lender, possesses a substantial claim amount of roughly $198 million. Further, Via Mizner Owner II, LLC has unsecured claims totaling about $118 million. The real property (the "Property") is estimated at a value in excess of $450 million. The Debtors assert that they have assumed a Restructuring Support Agreement with Romspen, which provides for a cooperative process for this case. Pursuant to the Restructuring Support Agreement, the Debtors have an exclusive period to seek refinancing prior to engaging in a concurrent sale process for the Property. The Debtors have obtained post-petition financing to maintain the ongoing costs and expenses VMO's property and have pivoted towards securing bidders for a potential sale of the Property. The Debtors further assert that the results of the companies' refinancing and sale efforts will determine their next steps in crafting a comprehensive chapter 11 plan for Romspen and their other creditors. Notwithstanding the Debtors' proposal of bidding procedures, refinancing remains a possibility. In the event of a sale, the Debtors expect to present a viable plan to distribute the proceeds of the sale. Refinancing and the sale are unresolved contingencies necessary to propose a viable plan. Via Mizner Owner II, LLC is represented by: Bradley S. Shraiberg, Esq. Samuel W. Hess, Esq. SHRAIBERG PAGE, P.A. 2385 NW Executive Center Drive, Suite 300 Boca Raton, Florida 33431 Telephone: 561-443-0800 Facsimile: 561-998-0047 Email: bss@slp.law Email: shess@slp.law About Via Mizner Owner II LLC Via Mizner Owner II, LLC is a real estate development company overseeing a luxury mixed-use project in Boca Raton, Florida. The company serves as the owner and developer of the proposed Mandarin Oriental Boca Raton hotel and adjoining residential development. Via Mizner Owner II sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-25197) on Dec. 23, 2025. In its petition, the Debtor reported between $100 million and $500 million in assets and liabilities. Bankruptcy Judge Mindy A. Mora handles the case. The Debtor is represented by Samuel W. Hess, Esq. VIRGINIA PARK: Updates Liquidating Plan Disclosures --------------------------------------------------- Virginia Park 1, LLC, and its Debtor Affiliates submitted a First Amended Combined Plan of Liquidation and Disclosure Statement dated June 16, 2026. The Debtors intend to utilize the Chapter 11 process and the supervision of the Bankruptcy Court to sell the Property, pay all Allowed Claims in full from the Net Sale Proceeds, and wind down and dissolve their Estates. Specifically, and pursuant to the Liquidation Transaction, the Debtors will sell the Property through the Court-supervised process described in the Bidding Procedures Motion and will consummate the Sale Transaction, and the closing of the sale of the Property, prior to the Effective Date. The Net Sale Proceeds will be used to pay all Allowed Claims in full. Following the closing of the Sale Transaction and the making of Distributions, the Liquidating Debtors will wind down and dissolve the Debtors and their Estates, including by reserving for and satisfying any Disputed Claims that may later become Allowed Claims. In connection with the Sale Transaction, and as set forth in the Adversary Proceeding and the Motion to Reject, the Debtors intend to reject the MDA, and to obtain a determination that the Reconveyance Right does not run with the land, so that the Property may be sold free and clear of the MDA and the Reconveyance Right. Class 3 consists of all General Unsecured Claims. Except to the extent that a Holder of an Allowed General Unsecured Claim has agreed with the Debtors to a different treatment of such Claim, each such Holder shall receive, in full satisfaction of such Allowed General Unsecured Claim, Cash in an amount equal to such Allowed General Unsecured Claim, on or as soon as reasonably practicable after the later of (i) the Effective Date; and (ii) the date the General Unsecured Claim becomes an Allowed Claim, including if such General Unsecured Claim becomes Allowed after the Effective Date. Class 3 is Unimpaired under the Plan. Class 4 consists of all Holders of Interests in the Debtors. On the Effective Date, each Holder of an Allowed Interest in the Debtors shall retain such Allowed Interest solely for purposes of effectuating the wind-down and dissolution of the Liquidating Debtors; provided that Holders of Allowed Interests shall not receive any Distribution on account of such Interests unless and until all Allowed Claims have been paid in full in accordance with the Plan. After payment in full of all Allowed Claims, any remaining Net Sale Proceeds and other Cash of the Estates shall be distributed to Holders of Allowed Interests in accordance with their respective rights and priorities. Upon completion of the winddown and the making of all Distributions required under the Plan, the Interests shall be cancelled and the Liquidating Debtors shall be dissolved. Class 4 is Unimpaired under the Plan. On the Effective Date or as soon thereafter as is reasonably practicable, the Debtors may take any and all actions as may be necessary or appropriate to effect any transaction described in, approved by, contemplated by or necessary to effectuate this Plan (the "Plan Transactions"), including, but not limited to, (i) the filing of appropriate certificates of dissolution or other similar documents with the appropriate governmental authorities pursuant to applicable law, and (ii) all other actions that are necessary or appropriate to effectuate the provisions of this Plan. The Debtors and the Liquidating Debtors, as applicable, shall fund Distributions and satisfy applicable Allowed Claims and Allowed Interests under the Plan with the Net Sale Proceeds and the Debtors' Cash on hand. The Debtors anticipate that the Net Sale Proceeds, together with Cash on hand, will be sufficient to pay all Allowed Claims in full. A full-text copy of the First Amended Combined Plan and Disclosure Statement dated June 16, 2026 is available at https://urlcurt.com/u?l=nzIKp2 from PacerMonitor.com at no charge. Co-Counsel to the Debtors: GLENN AGRE BERGMAN & FUENTES, LLP Andrew K. Glenn, Esq. Jed I. Bergman, Esq. Richard Ramirez, Esq. Malak S. Doss, Esq. 1185 Avenue of the Americas 22nd Floor New York, New York 10036 Telephone: (212) 970-1600 Email: aglenn@glennagre.com jbergman@glennagre.com rramirez@glennagre.com mdoss@glennagre.com - and - STEVENSON & BULLOCK, P.L.C. Charles D. Bullock, Esq. Kimberly Bedigian, Esq. Elliot G. Crowder, Esq. 26100 American Drive, Suite 500 Southfield, MI 48034 Phone: (248) 354-7906 Facsimile: (248) 354-7907 Email: cbullock@sbplclaw.com Email: kbedigian@sbplclaw.com Email: ecrowder@sbplclaw.com About Virginia Park 1 LLC Virginia Park 1 LLC provides real estate-related services, including property management and support activities, in connection with properties in Michigan. Virginia Park 1 sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 25-11308) on June 10, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $500,000 and $1 million. Bankruptcy Judge Martin Glenn handles the case. The Debtors tapped Glenn Agre Bergman & Fuentes LLP as bankruptcy counsel, and Stevenson & Bullock, PLC, as local counsel. VIVAKOR INC: Noteholder, Lender Convert $663K to 2.44M Shares ------------------------------------------------------------- Vivakor, Inc. in a regulatory filing that it has received Notices of Conversion under two separate series of convertible promissory notes, resulting in the aggregate issuance of 2,444,447 shares of the Company's common stock. Holder Note Conversions On June 12, 2026 and June 16, 2026, the Company received Notices of Conversion from one of the holders under convertible promissory notes converting a total of $175,200 of the amounts due under the Holder Notes into 600,000 shares of the Company's common stock. Pursuant to the terms of the Holder Notes and the Notices of Conversion, the Company issued the Holder Shares. The Holder Shares were issued without a Rule 144 restrictive legend pursuant to a legal opinion received by the Company and its transfer agent. The issuances of the foregoing securities were exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, as the holder is an accredited investor and familiar with the Company's operations. Between May 14, 2025 and May 19, 2025, the Company issued the Holder Notes to several accredited investors in the aggregate principal amount of $575,000 in connection with a Securities Purchase Agreement entered into by and between the Company and the Holders. Under the terms of the Holder SPA and the Holder Notes, the Company received $500,000 prior to deducting standard fees. Lender Note Conversions On June 17, 2026, the Company received Notices of Conversion from several of the lenders under convertible promissory notes converting a total of $487,988 of the amounts due under the Lender Notes into 1,844,447 shares of the Company's common stock. Pursuant to the terms of the Lender Notes and the Notices of Conversion, the Company issued the Lender Shares. The Lender Shares were issued without a Rule 144 restrictive legend pursuant to a legal opinion received by the Company and its transfer agent. The issuances of the foregoing securities were exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, as the holder is an accredited investor and familiar with the Company's operations. Between June 6, 2025 and June 9, 2025, the Company issued the Lender Notes to seven non-affiliated accredited investors in the aggregate principal amount of $5,117,647.06 in connection with a Securities Purchase Agreement entered into by and between the Company and the Lenders. Under the terms of the Lender SPA and the Lender Notes, the Company received $4,350,000 prior to deducting customary fees. About Vivakor Inc. Vivakor Inc., headquartered in Dallas, Texas, operates an integrated midstream platform providing crude oil transportation, terminaling, storage, marketing and trading services across major U.S. producing basins. The company's transportation operations include trucking and pipeline infrastructure serving Colorado's DJ Basin, Central Oklahoma's STACK play and the Permian and Eagle Ford basins of Texas. Its assets include the Omega Gathering Pipeline, a 45-mile crude oil gathering and shuttle system in Blaine County, Oklahoma, and terminaling facilities in Colorado City, Texas; Delhi, Louisiana; and CP Omega. The company also has a remediation processing segment under development at the San Jacinto River & Rail Park in Harris County, Texas, designed to process oilfield waste, tank bottoms, vessel residues and contaminated soils. As of March 31, 2026, the Company had $111.8 million in total assets, $78.1 million in total liabilities, and $33.6 million in total stockholders' equity. In an audit report dated April 15, 2026, Urish Popeck & Co., LLC included a going concern qualification, stating that Vivakor had a significant working capital deficiency, suffered significant recurring losses from operations and needed to raise additional funds to meet obligations and sustain operations. The conditions raised substantial doubt about the company's ability to continue as a going concern. VOICES OF FAITH: Seeks to Extend Plan Exclusivity to Sept. 29 ------------------------------------------------------------- Voices of Faith Ministries, Inc., asked the U.S. Bankruptcy Court for the Northern District of Georgia to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Sept. 29 and Nov. 28, 2026, respectively. The Debtor explains that it has made the difficult decision to sell some of its real property in order to reduce the amount of the claim of Foundation Capital Resources, Inc. ("FCR"), its senior secured lender, which will help the Debtor successfully reorganize. The Debtor states that it has closed one sale and paid net proceeds of $1,235,715.87 to FCR. The Debtor has other properties that are currently being marketed for sale and intends to close four more sales before the end of September 2026. The Debtor claims that it needs additional time to continue to sell its real property and determine how much of FCR's claim will be paid from the proceeds of the sales before it can propose its plan or reorganization. The Debtor seeks an extension to the Exclusivity Periods to preclude the costly disruption and instability that would occur if competing plans were proposed. The Debtor asserts that its request for an extension will not unfairly prejudice or pressure its creditor constituencies or grant the Debtor any unfair bargaining leverage. The Debtor needs creditor support to confirm any plan, so the Debtor is in no position to impose or pressure its creditors to accept unwelcome plan terms. The Debtor seeks an extension of the Exclusivity Periods to advance the case and continue good faith negotiations with its stakeholders. The Debtor further asserts that premature termination of the Exclusivity Periods may engender duplicative expense and litigation associated with multiple competing plans. Any litigation with respect to competing plans and resulting administrative expenses will only decrease recoveries to the Debtor's creditors and significantly delay, if not undermine entirely, the possibility of prompt confirmation of a plan of reorganization. Voices of Faith Ministries, Inc. is represented by: Will B. Geer, Esq. Elizabeth A. Childers, Esq. Rountree Leitman Klein & Geer, LLC 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 Email: wgeer@rlkglaw.com About Voices of Faith Ministries Voices of Faith Ministries, Inc., is a nonprofit organization established for religious and charitable purposes. The ministry provides faith-oriented programs and outreach services aimed at supporting spiritual development and community involvement, relying largely on donor support to sustain its operations. Voices of Faith Ministries, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-50055) on January 2, 2026. In its petition, the debtor reported estimated assets ranging from $0 to $100,000 and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Lisa Ritchey Craig handles the case. The Debtor is represented by Will B. Geer, of Rountree Leitman Klein & Geer LLC. VOLITIONRX LTD: Issues Shares for Lind Note Repayment ----------------------------------------------------- VolitionRx Limited announced in a regulatory filing that in connection with its repayment obligations under a senior secured convertible promissory note issued to Lind Global Asset Management XII LLC, a Delaware limited liability company: (a) on June 17, 2026, the Company issued to Lind an aggregate of 333,332 shares of common stock to satisfy a $416,666 payment obligation, and (b) on May 19, 2026, the Company issued to Lind an aggregate of 212,259 shares of common stock to satisfy a $416,666 payment obligation. The note was originally issued pursuant to a securities purchase agreement dated May 15, 2025 (as amended and restated on January 7, 2026, the "SPA") in the original principal amount of $7,500,000. The offering and sale of the shares of common stock underlying the note was made in reliance on the exemption afforded by Section 3(a)(9) or alternatively Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Rule 506 of Regulation D under the Securities Act, and corresponding provisions of state securities or "blue sky" laws. The issuance of the shares of common stock was to an existing securityholder, did not involve any paid commissions, did not involve a public offering, and was made without general solicitation or general advertising. About Volition Henderson, Nev.-based VolitionRx Limited is a multinational epigenetics company. It has patented technologies that use chromosomal structures, such as nucleosomes, and transcription factors as biomarkers in cancer and other diseases. Draper, Utah-based Sadler, Gibb & Associates, LLC, the Company's auditor since 2011, issued a "going concern" qualification in its report dated March 31, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company suffered recurring losses from operations, negative cash flows from operations, and minimal revenues, which raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $9 million in total assets, $42.4 million in total liabilities, and $33.4 million in total stockholders' deficit. WAHL TO WAHL: Unsecured Creditors to Split $32K in Plan ------------------------------------------------------- Wahl to Wahl Auto LLC submitted an Amended Plan of Reorganization for Small Business dated June 16, 2026. This Plan of Reorganization proposes to pay creditors of the Debtor from the sale of assets through liquidation pursuant to a Motion For Sale of Property. The final Plan payment is expected to be paid on Sept. 3, 2026. Non-priority unsecured creditors holding allowed claims will receive distributions, which the proponent of this Plan has valued at approximately 1 cent on the dollar. This Plan also provides for the payment of administrative and priority claims. Class 2 consists of the Secured claim of Key Bank, ACV Capital LLC, Automotive Finance Corporation, Automotive Finance Corporation, and Hamni Bank. All Secured creditors will receive the value of their collateral. This Class is unimpaired. Class 3 consists of the Secured claim of Kubota Credit Corporation, and U.S. Small Business Administration. All Secured creditors will receive the value of their collateral, with any remaining amounts to be paid as unsecured in Class 5. Class 5 consists of Non-priority unsecured creditors. Unsecured creditors will receive a total of approximately $32,390.00 which will be distributed pro rata to all allowed unsecured claims. Debtor will pay the total proceeds of the sale of all non-floor planned vehicles distributed to unsecured creditors pro rata. It is anticipated that this will yield approximately 1 cent on the dollar of all unsecured allowed claims. This Class is impaired. Equity interest holders shall receive 100% of the shareholder interests in the Debtor, which will be devoid of any assets after full distribution pursuant to this Plan. Counsel to the Debtor: Peter A. Orville, Esq. ORVILLE & McDONALD LAW, P.C. 30 Riverside Drive Binghamton, NY 13905 Telephone: (607) 770-1007 About Wahl to Wahl Auto LLC Wahl to Wahl Auto LLC, doing business as Wahl To Wahl Car Sales, operates a 34-acre auto recycling facility and used car dealership in Otsego County, New York. Wahl to Wahl Auto LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D.N.Y. Case No. 25-60846) on Sept. 22, 2025. At the time of filing, the Debtor disclosed $1,096,667 in assets and $1,925,266 in liabilities. The petition was signed by Anthony S Wahl as sole member. Peter A. Orville, at Orville & McDonald Law, P.C., is the Debtor's counsel. WE WEST TEXAS: Seeks to Hire GM Consultants Inc. as Broker ---------------------------------------------------------- WE West Texas Towco LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Western District of Texas to hire GM Consultants, Inc. as broker. The services to be provided by the Broker are expected to include, among other things, marketing the assets, identifying prospective purchasers, coordinating inspections, conducting auctions and sale activities, negotiating purchase offers, and assisting in closing transactions. The Debtor proposes to compensate the Broker as follows: a. a success fee commission of 5% of the gross Sale Price for all real estate and non-real estate assets; b. a $10,000 non-refundable retainer previously paid (pre-petition) under a prior agreement is credited toward the final success fee; and c. commission on any post-closing payouts (like earn-outs) must be paid within 10 days of the Debtor receiving those funds, subject to court approval. The broker does not hold or represent an interest adverse to the estate and is a disinterested person within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: George C. Metos GM Consultants, Inc. Cottonwood Heights, UT 84121 Phone: (385) 695-5916 Mobile: (801) 440-3176 About WE West Texas Towco LLC WE West Texas Towco, LLC provides towing, roadside assistance, and vehicle recovery services across West Texas, including light, medium, and heavy-duty towing for motorcycles, cars, semi-trucks, and construction equipment. Towco and its subsidiary, Sheffield Towing Service, LLC, filed Chapter 11 petitions (Bankr. W.D. Texas Lead Case No. 26-70003) on January 2, 2026. At the time of the filing, Towco reported $6,550,489 in total assets and $2,255,739 in total liabilities while Sheffield reported between $1 million and $10 million in assets and liabilities. Charlie Shelton, Esq., at Hayward, PLLC represents the Debtors as legal counsel. WEST RIDGE: Hilco Sets July 6 Due for WV Commercial Assets' Sale ---------------------------------------------------------------- The Hilco Global Real Estate Practice, in conjunction with Onyx Asset Advisors, announce July 6, 2026, as the bid deadline for the bankruptcy sale of two recently constructed, income-producing commercial properties located near Morgantown, West Virginia. The assets include a Class A office building and a fully occupied retail center anchored by nationally recognized retailers, both situated within the expansive West Ridge Development commercial hub. Situated along I-79, 3000 Swiss Pine Way consists of a 43,287± SF office building with multiple tenants, and 16-96 Colliers Crossing is a 136,865± SF, six-store shopping center. Together, the properties generate more than $2.28 million in annual rental income and represent an opportunity to acquire cash-flowing assets within one of West Virginia's most active commercial corridors. Constructed in 2019, the Class A office building is partially leased to Jackson Kelly, one of the region's leading law firms, which is currently in the second year of a 15-year lease. The retail center, completed in 2022, is 100% leased and features a roster of national tenants including Kohl's, HomeGoods, Ross, Burlington, Shoe Carnival and PetSmart. "The opportunity to acquire institutional-quality assets with strong tenancy and immediate cash flow is increasingly difficult to find in today's market," said Christian Koulichkov, director at Hilco Global. "These properties benefit from long-term leases, nationally recognized tenants and a strategic location within one of the region's premier retail and commercial destinations." Located within West Ridge Commons, both properties are surrounded by major retailers and destination businesses including Academy Sports, Bass Pro Shops, Menards, Dave & Buster's, Panera Bread and Texas Roadhouse. The development benefits from direct interstate access, strong visibility and proximity to West Virginia University, the region's largest employer and a significant driver of economic activity. "The combination of stable tenancy, recent construction and strong regional fundamentals makes this a compelling investment opportunity for both private and institutional buyers," said Kevin Otus, managing partner of Onyx Asset Advisors. "The West Ridge corridor continues to attract retailers, employers and consumers, creating long-term demand for well-positioned commercial assets." Morgantown's market is supported by a growing population of students, healthcare professionals and regional residents, with strong consumer spending and year-round commercial activity. Nearby University Town Centre and The Gateway further contribute to the area's role as a dominant retail destination serving North Central West Virginia and surrounding markets. The sale is subject to approval by the U.S. Bankruptcy Court, District of Northern West Virginia, Petition No. 25-bk-00451 | In re: West Ridge, Inc., et al. Bids must be received no later than July 6 at 5:00 p.m. (ET). For information on the property, sale process and terms or to obtain access to due diligence documents, please visit HilcoRealEstateSales.com or call (855) 755-2300. For all inquiries and to request an on-site inspection, please contact: Christian Koulichkov | (617) 335-3940 | ckoulichkov@hilcoglobal.com Jamie Cote | (847) 418-2187 | jcote@hilcoglobal.com Kevin Otus | (415) 799-3299 x101 | kotus@thinkonyx.com For additional details on the real estate, due diligence access and other critical information, visit the Hilco Global Real Estate Sales Virtual Data Room. About Hilco Global Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, brand and intellectual property sectors and more. Hilco Global provides a range of customized solutions to healthy, stressed and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to complete the transaction. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com. About Onyx Asset Advisors, LLC Onyx Asset Advisors, LLC. is an asset monetization and advisory firm that specializes in multi-faceted strategies ranging from outright asset purchases providing immediate liquidity, prefunded disposition activities, negotiated orderly sales, public auctions, and supply chain redirection. Onyx's interdisciplinary expertise spans a broad spectrum of asset classes including real estate, inventory, brand / intellectual property, and machinery & equipment. Visit www.thinkONYX.com. About West Ridge, Inc. West Ridge, Inc. engaged in real estate development and management in Morgantown, West Virginia, operating under a unified management structure. West Ridge and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. W. Va. Lead Case No. 25-00451) on August 18, 2025. In its petition, West Ridge reported estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge David L. Bissett handles the cases. The Debtors tapped David B. Salzman, Esq., at Campbell & Levine, LLC, as bankruptcy counsel and Barth & Thompson as local counsel. WISER SOLUTIONS: Secures Court Approval for Chapter 11 Asset Sale ----------------------------------------------------------------- Wiser Solutions announced on June 24, 2026, that the U.S. Bankruptcy Court for the Northern District of Texas has approved the sale of substantially all of the Company's assets to an affiliate of Crestline Management, L.P. pursuant to the previously agreed asset purchase agreement. The Court's approval represents a significant milestone in Wiser's Chapter 11 process and clears the path toward closing of the transaction, which is expected to occur in the next few weeks, subject to customary closing conditions. "Today's approval marks a critical milestone and an important step forward for our company, our employees, our customers and our stakeholders," said Michael Richards, CEO. "With the Court's approval, we are now working to complete the transaction and move forward with a stronger foundation." The Company will continue operating in the ordinary course during the transition period and remains focused on serving customers and supporting employees through and after the closing. About Wiser Solutions Inc. Wiser Solutions, Inc. is a U.S.-based technology company specializing in retail analytics and pricing intelligence solutions for brands and retailers. Wiser Solutions Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-80002) on April 26, 2026. In its petition, the Debtor reports assets in the range of $50 million to $100 million and liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Scott W. Everett handles the case. The Debtor is represented by Katharine Battaia Clark, Esq. of Thompson Coburn LLP. Crestline Direct Finance, L.P., as DIP agent, is represented by: Amanda S. Rush, Esq. JONES DAY 2727 N. Harwood St. Dallas, TX 75201 Telephone: (214) 220-3939 Facsimile: (214) 969-5100 E-mail: asrush@jonesday.com - and - Gary L. Kaplan, Esq. JONES DAY 600 Brickell Avenue Miami, FL 33131 Telephone: (305) 714-9700 Facsimile: (305) 714-9799 E-mail: gkaplan@jonesday.com - and - S. Christopher Cundra IV, Esq. JONES DAY 51 Louisiana Avenue NW Washington, DC 20001 Telephone: (202) 879-3939 Facsimile: (202) 626-1700 E-mail: sccundra@jonesday.com WOLKE CHIROPRACTIC: Unsecureds Will Get 100% of Claims in Plan -------------------------------------------------------------- Wolke Chiropractic and Rehabilitation, PC, filed with the U.S. Bankruptcy Court for the District of New Jersey a Plan of Reorganization for Small Business dated June 15, 2026. The debtor operates a chiropractic and rehabilitative practice in Haledon, New Jersey. Treatments include chiropractic adjustments on humans and domestic pets, acupuncture, physical therapy and related services. The debtor faced significant financial issue, most pressing being a year long arrearage in rent owed to the Debtor's landlord. The Debtor had significant tax debt as well. The case was brought to a head by the pendency of an eviction suit pending in Passaic County Superior Court. The debtor's financial issues started with a series of personal health issues for the Debtor's owner. Initially, his wife was diagnosed with multiple sclerosis, which resulted in a reduction of her work hours and eventual total disability. This left the debtor's principal with minimal cushion to manage personal and business set backs. The Debtor had also overstaffed and was paying salaries to some staff members which were far more than needed. The Debtor then entered into a lease with the current landlord when its prior location was purchased and the landlord decided to repurpose the building. The Debtor then relocated to the current location and business began to decline. The Debtor was falling behind in rent and, when business was starting to look better, the Debtor's principal fell seriously ill himself, resulting in several months of him not being able to work. This Chapter 11 Subchapter V plan seeks to address the debtor's rent arrears and tax issues. The vast majority of claims in this case relate to such issues. The Debtor will be curing arrears on rent, paying priority tax claims and paying secured tax claims. The Debtor will seek to avoid certain secured claims and treat same as general unsecured claims. It is anticipated that unsecured creditors will be paid in full. Class 7 consists of General Unsecured Claims. Plan payments will commence at an initial payment of $6670.48 per month 30 days from the effective date. In Month 14, plan payments will escalate to $15,250 for the remaining 46 months of the Plan. This is a 100% payment to general unsecured creditors. This Class is impaired. Class 8 consists of Equity Interest holders. This class shall retain its full equity position. On Confirmation of the Plan, all property of the Debtor, tangible and intangible, including, without limitation, licenses, furniture, fixtures and equipment, will revert, free and clear of all Claims and Equitable Interests except as provided in the Plan, to the Debtor. The Debtor expects to have sufficient cash on hand to make the payments required on the Effective Date. The Debtor must submit all or such portion of the future earnings or other future income of the Debtor to the supervision and control of the Trustee as is necessary for the execution of the Plan. The Debtor's financial projections show that the Debtor will have an aggregate annual average cash flow, after paying operating expenses and post-confirmation taxes, of $377,020.00. The final Plan payment is expected to be paid 60 months after the Effective Date. The debtor expects that there will be ongoing income averaging approximately $100,000 per month going forward. This is not consistent with the operating reports' reported funds because the Debtor's billing company was not following up and pressing for collections as was needed. A full-text copy of the Plan of Reorganization dated June 15, 2026 is available at https://urlcurt.com/u?l=3dwHCT from PacerMonitor.com at no charge. Counsel to the Debtor: Scott J. Goldstein, Esq. Law Offices of Wenarsky and Goldstein, LLC 410 State Route 10 West, Suite 214 Ledgewood, NJ 07852 Telephone: (973) 927-5100 Facsimile: (973) 927-5252 Email: Scott@wg-attorneys.com About Wolke Chiropractic and Rehabilitation Wolke Chiropractic and Rehabilitation, PC operates a chiropractic and rehabilitative practice in Haledon, New Jersey. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-12831) on March 15, 2026, listing up to $500,000 in both assets and liabilities. Judge Stacey L. Meisel oversees the case. The Law Offices of Wenarsky and Goldstein, LLC, is serving as the Debtor's counsel. WR GRACE: Judge Clears Ch. 11 Deal Resolving 33-Year Class Fight ---------------------------------------------------------------- Clara Geoghegan of Law360 Bankruptcy Authority reports that a bankruptcy judge in Delaware has approved a $2.95 million agreement that resolves a longstanding class action tied to W.R. Grace & Co.'s Chapter 11 proceedings. The settlement ends claims brought by a South Carolina hospital, concluding litigation that has stretched on for more than three decades. According to the court, the compromise fairly resolves the remaining dispute while eliminating the uncertainty associated with continued litigation. The settlement also spares the parties the additional time and expense that would have accompanied further legal proceedings. The decision closes another chapter in W.R. Grace's bankruptcy legacy, bringing finality to one of the few remaining contested matters left unresolved after the company's reorganization. The settlement is expected to fully dispose of the class action claims, Law360 reports. About W.R. Grace Headquartered in Columbia, Maryland, W.R. Grace & Co. (NYSE:GRA) -- http://www.grace.com/-- supplies catalysts and silica products, especially construction chemicals and building materials, and container products globally. Grace employs approximately 6,500 people in over 40 countries and had 2012 net sales of $3.2 billion. The company and its debtor-affiliates filed for chapter 11 protection on April 2, 2001 (Bankr. D. Del. Case No. 01-01139). The Debtors were represented by lawyers at Kirkland & Ellis LLP, in Chicago; The Law Offices of Roger Higgins, in Chicago, and lawyers at Pachulski Stang Ziehl & Jones, LLP, in Wilmington, Delaware. The Debtors hired Blackstone Group, L.P., for financial advice. PricewaterhouseCoopers LLP served as the Debtors' accountant. Stroock & Stroock & Lavan, LLP, and Duane Morris, LLP, represented the Official Committee of Unsecured Creditors. The Creditors Committee tapped Capstone Corporate Recovery LLC for financial advice. Roger Frankel served as legal representative for victims of asbestos exposure who may file claims against W.R. Grace. Mr. Frankel, a partner at Orrick Herrington & Sutcliffe LLP, replaced David Austern, who was appointed to that role in 2004. Mr. Frankel served as legal counsel for Mr. Austern who passed away in May 2013. The FCR was represented by Orrick Herrington & Sutcliffe LLP as counsel; P hillips Goldman & Spence, P.A., as Delaware co-counsel; and Lincoln Partners Advisors LLC as financial adviser. Caplin & Drysdale, Chartered, and Campbell & Levine, LLC, represented the Official Committee of Asbestos Personal Injury Claimants. The Asbestos Committee of Property Damage Claimants tapped Bilzin Sumberg Baena Price & Axelrod, LLP, to represent it. Kramer Levin Naftalis & Frankel, LLP, represented the Official Committee of Equity Security Holders. W.R. Grace obtained confirmation of a plan co-proposed with the Official Committee of Asbestos Personal Injury Claimants, the Official Committee of Equity Security Holders, and the Asbestos Future Claimants Representative. The Chapter 11 plan is built around an April 2008 settlement for all present and future asbestos personal injury claims, and a subsequent settlement for asbestos property damage claims. District Judge Ronald Buckwalter on Jan. 31, 2012, entered an order affirming the bankruptcy court's confirmation of the Plan. Bankruptcy Judge Judith Fitzgerald had approved the Plan on Jan. 31, 2011. W.R. Grace defeated four appeals from approval of the Plan. A fifth appeal was by secured bank lenders claiming the right to $185 million of interest at the contractual default rate. Pursuant to a settlement announced in December 2013, lenders are to receive $129 million in settlement of the claim for additional interest. W.R. Grace & Co. and its debtor affiliates notified the U.S. Bankruptcy Court for the District of Delaware that they have satisfied or waived conditions to the occurrence of the effective date of the First Amended Joint Plan of Reorganization co-proposed by the Official Committee of Asbestos Personal Injury Claimants, the Asbestos PI Future Claimants' Representative, and the Official Committee of Equity Security Holders. The effective date of the Plan occurred on Feb. 3, 2014. XOS INC: Stockholders OK Equity-Plan Share Hike, Share Issuance --------------------------------------------------------------- Xos, Inc. stockholders approved an equity-plan share increase and a potential common-stock issuance tied to convertible notes at the company's June 23 annual meeting, according to a Form 8-K filing with the Securities and Exchange Commission. The Los Angeles company said 6.34 million shares were present online or represented by proxy, or 52.57% of shares outstanding and entitled to vote as of the April 24 record date. Stockholders approved a 2026 amendment to the company's amended and restated 2021 equity incentive plan, increasing the number of reserved shares by 3.74 million. They also approved the potential issuance of 20% or more of Xos' issued and outstanding common stock at prices below the Nasdaq Minimum Price to holders of certain convertible promissory notes, along with any related change of control. At the meeting, holders elected George N. Mattson, Giordano Sordoni and Alice Yake as Class II directors; ratified Grant Thornton LLP as auditor for fiscal 2026; approved 2025 executive compensation on an advisory basis; and favored holding future say-on-pay votes every three years. About Xos, Inc. Xos, Inc. is a Los Angeles-based company that develops battery-electric commercial vehicles and related charging and fleet-management products. Its product lines include medium-duty Class 5 and Class 6 vehicles for last-mile and return-to-base routes, Xos Energy Solutions charging products, the Xos Hub mobile charging unit and the Xosphere fleet software platform. The company also develops electric powertrain technology under its Powered by Xos business. In an audit report dated March 30, 2026, Grant Thornton LLP issued a going-concern audit report for Xos, citing a $25.3 million net loss, $5.4 million of cash generated from operating activities, $26.2 million of working capital including $14 million of cash and cash equivalents, and a $228.7 million accumulated deficit as of Dec. 31, 2025. The conditions raised substantial doubt about the company's ability to continue as a going concern. As of March 31, 2026, Xos, Inc. reported total assets of $54.42 million, total liabilities of $34.63 million and stockholders' equity of $19.79 million. [] Debt Agreement Hangovers Slow Down Fast-Track Bankruptcy Cases ----------------------------------------------------------------- Alicia McElhaney and Alexander Gladstone of The Wall Street Journal report that corporate debt deals designed to optimize financing in stronger markets are now emerging as major complications in bankruptcy proceedings, turning anticipated quick restructurings into drawn-out legal disputes. The result is a growing gap between expectations and courtroom reality. Prepackaged Chapter 11 filings were once viewed as efficient mechanisms that reflected broad creditor consensus, enabling companies to exit bankruptcy rapidly. However, that efficiency is increasingly undermined when creditors challenge prebankruptcy agreements that shaped the restructuring framework, the report relays. Companies including QVC, chemical producer Trinseo, and label maker Multi-Color are among the latest to experience such resistance. In these cases, stakeholders have questioned the fairness of earlier debt arrangements, threatening to slow or reshape proposed restructuring plans, the report cites. The trend suggests that earlier financial engineering may now be contributing to prolonged bankruptcy battles, as courts are asked to reassess deals that were once assumed to be settled, according to The Wall Street Journal. [] Michael Schneidereit Joins Gibson Dunn's Restructuring Practice ------------------------------------------------------------------ Gibson Dunn announced that Michael Schneidereit has joined the firm's New York office as a partner in its premier Business Restructuring and Reorganization Practice Group. Mr. Schneidereit focuses his practice at the intersection of distressed finance, bankruptcy litigation, and restructuring execution, advising on some of the market's most significant liability management exercises, corporate reorganizations, and Chapter 11 proceedings. "We have worked with Michael and across from him over the years -- he is an extremely talented creditor-side restructuring and liability management litigator and a terrific complement to our team," said Scott J. Greenberg, Global Chair of Gibson Dunn's Business Restructuring and Reorganization Practice Group. "With restructuring and liability management activity continuing to accelerate and mandates becoming increasingly litigious, clients will benefit from his ability to seamlessly integrate transactional sophistication with litigation firepower. His arrival further cements Gibson Dunn's continued dedication and investment in serving our clients across the most complex and high-stakes matters in the market." "Gibson Dunn has established itself as the clear leader in liability management and high-stakes restructuring," said Mr. Schneidereit. "Having worked with several partners here over the years, joining the firm feels like a reunion in the best possible way. I'm excited to be part of a team driving the evolution of creditor-side strategy while delivering innovative, litigation-ready solutions for clients navigating increasingly sophisticated capital structures." Gibson Dunn's industry-leading Business Restructuring and Reorganization Practice Group advises on the largest and most complex restructurings globally, dominating the market in the U.S. and Europe. The group is widely recognized for its leadership in liability management transactions and other market-defining engagements. The team's global restructuring platform is further distinguished by its bankruptcy litigation capabilities. For the past several years, the practice has consistently led the league tables in both Debtwire and Octus for creditor-side engagements and restructuring advisory mandates. The team has continued to expand its global offering in recent years. Mr. Schneidereit's arrival follows the additions of partners Matthew Roose, Leo Plank, Eugene Park, Andrew Cheng, Chris Howard, and Presley Warner. About Michael Schneidereit Michael Schneidereit advises clients on high-stakes liability management transactions and distressed litigation, as well as complex corporate reorganizations and bankruptcy proceedings. He has represented lenders in negotiating and litigating many prominent liability management transactions and has advised both creditors and debtors across a wide range of industries, including financial services, retail, telecommunications, pharmaceuticals, logistics, real estate, sports, health care, and oil and gas. Prior to joining Gibson Dunn, Michael served as a partner at another international law firm. ********* 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. 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