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260703.mbx T R O U B L E D C O M P A N Y R E P O R T E R Friday, July 3, 2026, Vol. 30, No. 184 Headlines 1065 FULTON: Unsecureds Will Get 1% of Claim in Sale Plan 153 INSLEE: Seeks Chapter 11 Bankruptcy in New Jersey 2451 BROADWAY: Starts Subchapter V Bankruptcy in New York 407 SMILEY: Gets Interim OK to Use Cash Collateral 4912 WISCONSIN: Files Amendment to Disclosure Statement 5830 FLORIDA AVE: Hires Bickham Law Practice LLC as Legal Counsel ADELMAN TARZANA: Case Summary & Five Unsecured Creditors ADVANCED REHABILITATION: Gets Final OK to Use Cash Collateral AEC PARENT: S&P Downgrades ICR to 'CCC-' on Elevated Restructuring AIKEN COURT: Seeks to Hire Engel & Volkers Wellington as Realtor AMERICAN HEALTH: Gets Final OK to Use Cash Collateral ANDERSON HAY: Financing Reduced After Creditor Objection APEX ELECTRICAL: Gets Interim OK to Use Cash Collateral ARC BURGER: Secured Party Sets July 6, 2026 Public Auction ARMADILLO DISTRIBUTION: Gets Interim OK to Use Cash Collateral ASCENT SOLAR: Increases At-The-Market Offering by $15MM ATARA BIOTHERAPEUTICS: CAO Yanina Grant-Huerta to Depart July 17 ATARA BIOTHERAPEUTICS: CRCFO Consultant Steps In as Interim CFO AVANTGARDE SENIOR: Case Summary & 12 Unsecured Creditors AVENTIV TECHNOLOGIES: Completes Debt-for-Equity Recapitalization BELLA CAPRI: Claims to be Paid from Property Sale Proceeds BENNING & G: To Sell Washington Property to Global Asset Management BERKSHIRE LAND: Hires Genova Malin & Trier LLP as Legal Counsel BESPOKE AESTHETICS: Seeks to Hire Julianne Frank as Legal Counsel BETTERWORK MEDIA: Gets Final OK to Use Cash Collateral BEYOND AIR: Posts $34.33MM Net Loss in FY2025; Warns of Cash Crunch BLESS YOUR HEART: Hires Barrett Cooper Accounting as Accountant BLIZE HEALTHCARE: No Patient Care Complaints, 2nd PCO Report Says BLUE CLOUDS: Gets Final OK to Use Cash Collateral BNC SPECIAL: Hires Sheehan & Ramsey PLLC as Bankruptcy Counsel BRIGHTLINE TRAIN: No Plan as Debt Deadline Draws Near BROADWAY LEARNING: Gets OK to Use Cash Collateral BUSTER SJE: Unsecureds to Get $500 per Month over 5 Years BUTTERFLY BEACH: Taps Houlihan/Lawrence Inc. as Real Estate Broker CAMP MYSTIC: Uses Chapter 11 to Address Wrongful Death Claims CAMPBELL REALTY: Unsecureds to Recover 100% of Claims in Plan CANOO INC: Former Execs Settle Investor Suit for $20MM CATHETER PRECISION: Acquires 7.5% Stake in Volato Group CCH JOHN EAGAN: Committee Taps Cullen and Dykman as Legal Counsel CEDAR VALLEY: No Decline in Resident Care, 3rd PCO Report Says CENTURY FINANCIAL: Bank7 Corp. Bids for 71% Stake Via Receivership CHARLES & COLVARD: Court OKs $2.7M Asset Sale to AJS Creations CHOICE ELECTRIC: Dutkiewicz and Associates' Fee Application Denied CHRONOSCALE CORP: Applied Digital Reports 96.1% Stake CHRONOSCALE CORP: Secures $100MM Credit Line From Applied Digital CIMINO RE: Hires Daniel Reinganum PC as Bankruptcy Counsel CLIFF STREET: Lender Sets July 13, 2026 Public Sale of Collateral CMS DESIGN: Commences Subchapter V Bankruptcy in New York COGHLAN PLANTING: Seeks to hire Bridgers Goodman as Accountant COMMODITY TRANSPORTERS: Scott Sackett Named Subchapter V Trustee CONTROLLED CHAOS: Gets Final OK to Use Cash Collateral CRESCENT CO-OP: Hires Blackwood Law Firm as Bankruptcy Counsel CRYSALIS BIOSCIENCES: Agrees to $1.2MM Deal to Dismiss Ch. 7 Case CSS INC: Secured Party Sets July 9, 2026 Public Auction DANIEL ARI GRYFE: Secured Party Sets August 4, 2026 Public Auction DANSKAMMER HOLDCO: Taps Epiq Corporate as Claims, Noticing Agent DAY TRANSLATIONS: Gets Extension to Access Cash Collateral DISH DBS: Case Summary & 30 Largest Unsecured Creditors DISH DBS: S&P Downgrades ICR to 'D' on Chapter 11 Filing DISH DBS: Satellite Pay-TV Provider Seeks Chapter 11 Bankruptcy DISH DBS: Seeks to Sell Communication Assets at Auction DOUBLE CHECK: Hires Barron & Newburger P.C. as Bankruptcy Counsel DR. DONNA MICHELLE: Hires Rogers & Company CPAs PA as Accountant DRY CLEANERS: Andrew Layden Named Subchapter V Trustee DUNE UNION: Commences Subchapter V Bankruptcy in New York ECLUDE INC: Case Summary & 10 Unsecured Creditors ECLUDE INC: Seeks Chapter 11 Bankruptcy in California ELETSON GAS: Court Orders Ex-Owners to Pay $296K in Fraud Feud ELIZABETH TOWNSHIP, PA: S&P Affirms 'BB+' Rating on Revenue Bond ENDRA LIFE: Signs Merger Deal With ASP Isotopes, Renergen EVCON RENTALS: Seeks to Hire Honey Law Firm P.A. as Attorney EXTENSIONS PLUS: Has Deal on Cash Collateral Access FIREFLY NEUROSCIENCE: Terminates $1M Securities Purchase Agreement FLOAT ALASKA: Seeks OK to Revise Ch.11 Plan After Missed Payment FREEDOM FOREVER: Hires Cascadia Capital LLC as Investment Banker FUND FOR SANDY: Taps CAN-US Tax & Accounting Inc. as Accountant GALOIS GROUP: Case Summary & 20 Largest Unsecured Creditors GCI LLC: S&P Cuts Unsecured Debt Rating to 'B+', On Watch Negative GENESIS HEALTHCARE: Residents Say Injury Claims Are Deprioritized GEO T. SCHMIDT: Secured Creditor Sets July 7, 2026 Foreclosure Sale GLG INVESTMENTS: Hires Emperor Insurance as Independent Broker GREER EXCAVATING: Case Summary & 20 Largest Unsecured Creditors GREER EXCAVATING: Commences Chapter 11 Bankruptcy in Tennessee GRESHAM & GRAHAM: Hires Real Estate Investors Law as Counsel GUNTYMCCARTHY LLC: Hires Gausnell O'Keefe & Thomas as Counsel GVO PARTNERS: Wins Lender Approval for Ch. 11 Cash Collateral Use HALLMARK FINANCIAL: Hires Greenberg Traurig as Regulatory Counsel HALLMARK FINANCIAL: Hires Oliver Wyman as Restructuring Advisor HALLMARK FINANCIAL: Hires Raymond James as Investment Banker HALLMARK FINANCIAL: Hires Stretto as Claims and Noticing Agent HALLMARK FINANCIAL: Seeks to Tap Gray Reed as Bankruptcy Counsel HARVEST SHERWOOD: Committee Taps Kelley Drye as Special Counsel HAWTHORNE RACE: Plan Exclusivity Period Extended to Oct. 26 HAWTHORNE RACE: Selects Alimac 2023 as Stalking Horse Bidder HAYDEE'S CAFE: Hires Rountree Leitman Klein & Geer as Attorney HEARTLAND ELECTRIC: Taps Barry A. Friedman & Associates as Counsel HERMES INVESTMENTS: Seeks to Tap William C. Johnson Jr. as Counsel HERNANDEZ LOPEZ: Seeks Approval to Hire Luna CPA as Accountant HIDALGO GROUP: Seeks Approval to Hire DASA Law as General Counsel HIGHLAND HOMES: Seeks to Hire Nardella & Nardella as Legal Counsel HOUSE WINE: Seeks to Hire Barron & Newburger P.C. as Counsel HYDROFARM HOLDINGS: All Three Proposals Approved at Annual Meeting INSTITUTO MEDICO: Seeks to Hire Dage Consulting as Accountant INSTITUTO MEDICO: U.S. Trustee Appoints Edna Diaz De Jesus as PCO INTEGRITY IRON: Taps Wadsworth Garber Warner as Bankruptcy Counsel JACKSON HOSPITAL: Hospital Will Not Close, Attorney Confirms JACKSON HOSPITAL: No Patient Care Concern, 8th PCO Report Says JANUS HENDERSON: S&P Downgrades ICR to 'BB', Outlook Stable JAY'S PRIME: Unsecureds to Get Share of Income for 5 Years JAYJAY PROPERTY: Seeks Chapter 11 Bankruptcy in New York JGJM 10: Lender Sets July 13, 2026 Public Sale of Collateral JMK5 ABILENE: Hires Fuqua & Associates PC as Bankruptcy Counsel JMK5 MALL: Seeks to Hire Fuqua & Associates as Bankruptcy Counsel JN GRIFFIN: Seeks to Hire Honey Law Firm as Bankruptcy Counsel JTBOL ENTERPRISES: Katharine Clark Named Subchapter V Trustee LA TENTACION PIZZA: Seeks Subchapter V Bankruptcy in New Jersey LAS VEGAS COLOR: Seeks to Sell Grocery Delivery Assets at Auction LAS VEGAS COLOR: To Sell Vehicles to Multiple Buyers LIFE LINE PLUMBING: Gets Final OK to Use Cash Collateral LINQTO INC: Cleared to Sell $130M in Ripple Shares Prior Ch.11 Exit LIQUOR WORLD: Court Extends Cash Collateral Access to July 15 LISA GILMORE: Gets Interim OK to Use Cash Collateral LOS ANGELES ZOO: Section 341(a) Meeting of Creditors on July 17 LOT 1 COQUINA: Seeks to Tap Bruner Wright PA as Bankruptcy Counsel M & B HOLDINGS: Seeks to Hire Skybound Partners LLC as Broker MADEWELL CONCRETE: Asset Auction Scheduled for July 7, 2026 MAKIIN LLC: Hires Elias M. Yazbeck PLLC as Bankruptcy Counsel MAR & MAR: Court OKs Deal to Use SBA's Cash Collateral MAYNARD STEEL: Wadsworth Seeks Potential Buyers for Assets MBA INVESTMENTS: Seeks to Hire Allan D. NewDelman PC as Counsel MCITBE LLC: Behrooz Vida Named Subchapter V Trustee MEDICAL SOLUTIONS: S&P Downgrades ICR to 'D' on Debt Restructuring MERCYHURST UNIVERSITY, PA: S&P Affirms 'BB' Rating on 2016 Bonds MG LOGISTICS: Leasing Operations & Equity Contribution to Fund Plan MONTANA VILLAGE: Lender Seeks to Prohibit Cash Collateral Access MREM VENTURES: Seeks to Hire Win Win Connections as Accountant MTF CHILDCARE: Gets Extension to Use Cash Collateral MTF HOLDINGS: Court Extends Cash Collateral Access to Aug. 31 MVP REALTY: Seeks Subchapter V Bankruptcy in New York NAVARRO FARMS: July 3 Stalking Horse Bid Submission Deadline Set NEO ZONE: Seeks Approval to Hire Greg K. Stern as Special Counsel NEXT DAY: Seeks to Tap JGA Tax and Financial Services as Accountant NICHOLS STRATEGIES: Scott Sackett Named Subchapter V Trustee NORTH TEXAS: Seeks to Hire The Mitchell Law Firm as Legal Counsel OBJECT & SUBJECT: Seeks Cash Collateral Access Until Oct. 31 OLD RICHMOND: Seeks to Tap Forman Watkins & Krutz as Legal Counsel ORIGINAL KHAN: Fannie Mae Wants Kimaz as Receiver PANCAKES R US: Initiates Chapter 11 Bankruptcy in California PAP-R PRODUCTS: Updates SouthStar Post-Petition Secured Claim Pay PAST & PRESENT: Unsecureds Will Get 3% of Claims over 36 Months PAWLUS DENTAL: Dental Practice Asset Sale to West Haven Dental OK'd PERFORMERS EDGE: Case Summary & 10 Unsecured Creditors PHARMA-NATURAL INC: Lender Seeks to Prohibit Cash Collateral Access PNW PIZZA: Claims to be Paid from Asset Sale Proceeds PREMIUM EDGE: U.S. Trustee Appoints Terri Cantrell as PCO PROGRESS TELECOMM: Gets Final OK to Use Cash Collateral PUERTO RICO: Oversight Board Proposes $3B Bond Deal QUANTUM CORP: FY2026 Loss Narrows to $101MM; Going Concern Resolved RAS DATA: Seeks Approval to Hire Hearne & Associates as Accountant RAZIF MANAGEMENT: Gets Interim OK to Use Cash Collateral READY ROOFING: Seeks to Tap William G. Haeberle CPA as Accountant RELEASE WELL-BEING: Can Assume Prepetition Consumer Liabilities RELEASE WELL-BEING: Gets Court OK to Pay Prepetition Wages RELIABLE MOVERS: Seeks to Hire Neeleman Law Group as Legal Counsel RHODIUM ENCORE: Seeks Chapter 11 Patent Claim Sanctions RL EASTPOINT: Secured Party Sets July 31, 2026 Public Auction ROBERT CHEVROLET: Taps Gellert Seitz Busenkell as Legal Counsel ROBERT CHEVROLET: Taps J.S. Held LLC to Provide Professionals ROCKY MOUNTAIN: Interim CEO Resigns, Remains on Board ROLLING GREENS: Taps Weintraub Zolkin Talerico & Selth as Counsel RTB DIGITAL: Director James Comer Discloses 31.7% Stake RURAL CONNECT: Taps David L. Hudson and William Edwards as Counsel RUSSELLVILLE DENTAL: Hires Harlin Parker as Bankruptcy Counsel S & S MASONRY: Seeks to Tap Thomas R. Willson as Bankruptcy Counsel S2 ENERGY: Seeks to Hire Landwehr Law Firm as Bankruptcy Counsel SANDY HOOK: Seeks to Hire Adam I. Skolnik as Bankruptcy Counsel SEABREEZE ROOFING: Seeks Chapter 11 Bankruptcy for 2nd Time SEARLES VALLEY: Seeks to Hire Stretto as Claims and Noticing Agent SHILO INN: Court OKs Bend Property Sale to F&S Hotel for $9.5MM SHORT PAR 4: Hires Greenfield Accounting LLC as Accountant SHORT PAR 4: Seeks to Hire Alopeke LLC as Financial Advisor SIGNITIVES TECHNOLOGIES: Hires Karim Ali CPA PC as Accountant SIMPSON TACOMA: Hires Hillis Clark Martin as Special Counsel SKYBOUND PROPERTIES: Hires Country Boys Auction as Auctioneer SMART COMMUNICATIONS: Taps Davenport Files & Kelly as Counsel SONOMA CELLAR: Hires Blankingship & Keith P.C. as Special Counsel SPARHAWK LLC: Newpoint Announces Section 363 Going-Concern Sale SPARHAWK LLC: Trustee Hires KPR Brokers as Real Estate Broker SPARHAWK LLC: Trustee Seeks to Tap Steffes Group as Auctioneer SPARHAWK LLC: Trustee Taps Steffes Group Inc. as Auctioneer SPEYSIDE HOLDINGS: Hilco Global Markets NY Quarry in Bankruptcy SPIKE BODY: Seeks to Hire D'Andrea & Associates as Accountant STRONG ABODE: Seeks to Hire Davis Ermis & Roberts as Attorney SVG 26 LLC: Seeks to Tap Alla Kachan as General Bankruptcy Counsel SVK CAPITAL: Gets Interim OK to Use Cash Collateral Until July 31 SWIFTSHIPS LLC: Seeks to Hire Lee Felterman & Associates as Broker TAI CHEUNG: Gets Interim OK to Use Cash Collateral TALON LOGISTICS: Case Summary & 20 Largest Unsecured Creditors TALOS ENERGY: S&P Affirms 'B' ICR on Announced Acquisition TARPON SPRINGS: Court Directs U.S. Trustee to Appoint PCO TB ENTERPISES: Hires Neeleman Law Group as Bankruptcy Counsel TECHPRECISION CORP: Reports $1.66 Million Net Loss in FY2025 TENTH PLACE: Hires May Potenza Baran & Gillespie as Counsel TOLLANIS TECHNOLOGY: Aleida Molina Named Subchapter V Trustee TRAVELERS XPRESS: Carol Fox Named Subchapter V Trustee TREE AND GARDEN: Hires Vilarino & Associates LLC as Legal Counsel TRINITY POOLS: Seeks to Hire Slate Accounting Group as Accountant TRINSEO PLC: Gets Final OK to Obtain DIP Financing U.S. TELEPACIFIC: Obtains $73.6MM DIP Loan From Existing Lenders UNIVERSAL AGAMI: Jolene Wee Named Subchapter V Trustee V&H HOLDINGS: Claims to be Paid from Business Operations VANGUARD CUSTOM: Court Extends Cash Collateral Access to July 26 VINTAGE INVESTMENTS: Hires Neeleman Law Group as Legal Counsel WALLACE FINANCE: Secured Party Sets Aug. 17 UCC Public Sale WALLACE STEGNER: S&P Rates 2026 Charter School Revenue Bonds 'BB+' WEST MARINE: Hires Hilco Real Estate as Real Estate Consultant WEST MARINE: Hires Young Conaway Stargatt & Taylor as Co-Counsel WEST MARINE: Seeks Court Approval to Tap PwC US Tax as Tax Advisor WEST MARINE: Seeks to Hire FTI Consulting as Restructuring Advisor WEST MARINE: Seeks to Hire Kirkland & Ellis as Bankruptcy Counsel WEST MARINE: Seeks to Tap Triple P Securities as Investment Banker WEST MARINE: Seeks to Tap Verita Global as Administrative Advisor WEST MARINE: Unsecured Creditors Will Get 0.2% to 0.3% in Plan WEST RIDGE: Hires Coan Payton & Payne LLC as Bankruptcy Counsel WESTVIEW BAPTIST: Seeks to Hire Canty Legal Group as Attorney WHOLESALE PROPERTY: Case Summary & 20 Largest Unsecured Creditors WISE INVESTMENT: Hires Tang & Associates as Bankruptcy Counsel WISER SOLUTIONS: Comm. Taps Alvarez & Marsal as Financial Advisor WISER SOLUTIONS: Committee Hires Fox Rothschild LLP as Attorney WISER SOLUTIONS: Committee Taps Womble Bond Dickinson as Co-Counsel WRAPIFY INC: Secured Party Sets July 8, 2026 Public Sale XYZ BEVERAGE: July 6, 2026 Bid Submission Deadline Set YELLOW CORP: Wins WARN Act Claims Fight, Pension Appeal Fails ZAHAV 3310: Seeks to Hire Goetz Platzer LLP as Bankruptcy Counsel ZOE CENTER: Gets Final OK to Use Cash Collateral ZYYAH LLC: Voluntary Chapter 11 Case Summary [ Rakhee Patel Joins Troutman Pepper Locke's Bankruptcy Practice [] Illinois Farm Bankruptcies Continue to Rise in 3 Consecutive Yr [] Riveron Names Nolletti as Restructuring & Turnaround Co-Head [^] BOOK REVIEW: Corporate Players: Designs for Working and Winning ********* 1065 FULTON: Unsecureds Will Get 1% of Claim in Sale Plan --------------------------------------------------------- 1065 Fulton Ownership LLC filed with the U.S. Bankruptcy Court for the Eastern District of New York a Disclosure Statement describing Chapter 11 Plan dated June 23, 2026. The Debtor acquired 1065 Fulton Street in May 2022. The Debtor subsequently demolished the building in July 2022. However, in January of 2023, the budget for the project went out of balance and the Debtor was unable to raise additional equity at the time. Then, in July 2024, the Debtor had the opportunity to buy 1063 Fulton Street and was able to upsize the original acquisition loan by $900,000 in order to do so. The Debtor was able to close on 1063 Fulton through the upsize and had and a new investor lined-up to bridge the gap in the budget and continue/complete the project. However, that investor later fell through. In September 2024 the debtor defaulted on the loan. The Plan implements the sale (the "Sale") of the Debtor's single most significant asset, the real property located at 1063-1065 Fulton Street, Brooklyn, New York (the "Property"). The Sale is scheduled to close on the Effective Date of the Plan. The Plan implements the distribution of the Sale proceeds under the various waterfalls set under the terms of the Bankruptcy Code and this Plan. A thorough and extensive marking of the Property was undertaken prior to the Petition Date in addition the Debtor obtained an independent appraisal of the Property as of June 21, 2024 by Bowery Appraisers, specifically Mr. Brandon Gollotti MAI, AI-GRS. The marketing and sale process produced several parties interested in acquiring the Property. One party, 1063 Fulton Street LLC (the "Purchaser") emerged as the highest and best offer. Thereafter the Debtor and the Purchaser entered into a contract of sale (the "Contract") prior to the Petition Date. By this Plan, the Debtor seeks to assume the Contract and sell the Property to the Purchaser in accordance with the terms of this Plan and the Contract. As a result, the Plan contemplates the private sale of the Property. The purchase price will be paid in the amount of $4,400,000 plus normal adjustments, in cash at closing. The Contract will be approved as part of the confirmation of this Plan. The Debtor believes that the Sale of the Property is in the best interests of the Debtor, its estate and its creditors and maximizes any distribution available to the Debtor and its creditors. The Sale is well within the best interests of the Debtor, its estate and its creditors and is an exercise of the Debtor's business judgment. The Debtor and its secured creditor, 1065 Fulton Capital LLC (the "Lender") believe that the highest and best price for the Property. A critical component to confirmation of the Plan is to preserve entitlement to the transfer tax and mortgage recording tax exemptions under Section 1146(a) of the Bankruptcy Code. The Plan provides for distribution of the proceeds of the sale to creditors and other parties-in-interest in accordance with the waterfalls established in the Plan. Class 3 consists of Allowed Unsecured Claims which are not insider claims filed with the Clerk of the Court, or scheduled as undisputed, liquidated and noncontingent. Allowed Class 3 Claims shall be paid on a pro rata basis, from the remainder of such funds as may be available from the Reserve in the amount of $10,000 less costs of distribution. The Debtor estimates that non-insider Class 3 claims are in the approximate amount of $1,100,000 and will receive approximately 1% of their Allowed Claim. Class 3 Claims are designated as being impaired under the Plan, and are eligible to vote on the Plan. Class 4 consists of the equity interests of 1065 Fulton Ownership LLP. Class 4 Equity Interests. Equity Interests shall not receive any distribution under the Plan. Class 4 shall be deemed to reject the Plan. The Plan shall be implemented through the sale of the Property, free and clear of all claims, liens, taxes and encumbrances pursuant to Sections 363(b) and (f), 1123, 1141(c) and 1146(a) of the Bankruptcy Code. The Reorganized Debtor shall continue to be managed by Eran Silberberg who is authorized to execute the Sale documents. The closing on the sale shall be held after the Plan is confirmed so as to qualify for transfer tax exemptions under Section 1146(a) of the Bankruptcy Code. At the closing, the Debtor and the Purchaser shall execute and exchange the closing documents. A full-text copy of the Disclosure Statement dated June 23, 2026 is available at https://urlcurt.com/u?l=FkY2Hf from PacerMonitor.com at no charge. Counsel for the Debtor: GOETZ PLATZER, LLP Cliff A. Katz, Esq. 1325 Ave. of the Americas New York, New York 10019 About 1065 Fulton Ownership LLC 1065 Fulton Ownership LLC is a single asset real estate company. 1065 Fulton Ownership LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-46093) on Dec. 23, 2025. In its petition, the Debtor estimated assets ranging from $1 million to $10 million and estimated liabilities between $1 million and $10 million. Bankruptcy Judge Elizabeth S. Stong handles the case. The Debtor is represented by Clifford Katz, Esq. of Goetz Platzer LLP. 153 INSLEE: Seeks Chapter 11 Bankruptcy in New Jersey ----------------------------------------------------- On July 1, 2026, 153 Inslee Place LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of New Jersey. According to the court filing, the Debtor reports between $500,000 and $1 million in debt owed to 1–49 creditors. The filing follows a foreclosure action initiated by U.S. Bank Trust Company, National Association, with a sheriff's sale scheduled for the petition date. Debtors’ exclusive right to propose a Chapter 11 plan ends on October 29, 2026. About 153 Inslee Place LLC 153 Inslee Place LLC is an Elizabeth, New Jersey-based lessor of residential dwellings operating as a single-asset real estate entity. The company holds a multi-family residential property in Elizabeth, which is the primary asset underlying the bankruptcy case. 153 Inslee Place LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-17627) on July 1, 2026. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $500,000 and $1 million. Honorable Bankruptcy Judge Vincent F. Papalia handles the case. The Debtor is represented by Bruce H. Levitt, Esq. of Levitt & Slafkes, P.C. 2451 BROADWAY: Starts Subchapter V Bankruptcy in New York --------------------------------------------------------- On June 29, 2026, 2451 Broadway Market Inc. commenced a Chapter 11 case in the U.S. Bankruptcy Court for the Southern District of New York. Court records indicate the company has estimated liabilities ranging from $500,000 to $1 million and between 1 and 49 creditors. The Chapter 11 Small Business Subchapter V Plan is due by September 28, 2026. About 2451 Broadway Market Inc. 2451 Broadway Market Inc. d/b/a Barzini's is a New York City-based gourmet grocery retailer known for its specialty food offerings from its Broadway location in Manhattan. The business remains operational while restructuring under Chapter 11 and has previously been subject to state corrective actions and civil penalties concerning regulatory compliance. The company sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11549) on June 29, 2026. In its petition, the Debtor reports estimated assets of $0 to $50,000 and estimated liabilities of $500,000 to $1 million. Honorable Bankruptcy Judge Martin Glenn handles the case. The Debtor is represented by Adrienne Woods, Esq. of Weinberg Zareh Malkin Price LLP. 407 SMILEY: Gets Interim OK to Use Cash Collateral -------------------------------------------------- 407 Smiley Crossing LLC received interim approval from the U.S. Bankruptcy Court for the District of Massachusetts to use cash collateral through Aug. 24. Under the interim order, the Debtor is authorized to use cash collateral to pay the expenses set forth in its revised budget, subject to a variance of no more than 10% in the aggregate. The Debtor must make monthly payments to Newburyport Five Cents Savings Bank of interest at the rate of 3% based on a value of $14,400,000. As additional adequate protection for any post-petition diminution in the value of its cash collateral, Newburyport will be granted replacement liens. The Debtor must continue using a segregated account structure for handling income and transfers to its debtor-in-possession account. A further hearing is scheduled for Aug. 19. The Debtor must file a budget-to-actual reconciliation by Aug. 12. About 407 Smiley Crossing LLC 407 Smiley Crossing LLC is a single asset real estate company. 407 Smiley Crossing LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 25-12486) on Nov. 17, 2025. In its petition, the Debtor estimated assets and liabilities between $10 million and $50 million each. Bankruptcy Judge Janet E. Bostwick handles the case. The Debtor is represented by Stephen F. Gordon, Esq. of The Gordon Law Firm LLP. 4912 WISCONSIN: Files Amendment to Disclosure Statement ------------------------------------------------------- 4912 Wisconsin, LLC and 1544 Multifamily, LLC submitted a First Revised Disclosure Statement with respect to Joint Plan of Reorganization dated June 23, 2026. The Plan proposes to reorganize the Debtors through a tiered progressive milestone structure, whereby certain benchmarks are to be reached with respect to each of the Debtors and their corresponding Properties to provide the necessary Plan Funding for their respective case within specified timeframes. Each Debtor is to progress through the proposed milestones independently of the other Debtor. Under this tiered structure, each Debtor is generally to (1) complete all necessary construction of the Properties as quickly as reasonably possible; (2) obtain a Certificate of Occupancy with respect to the Debtor's respective Property; (3) lease-up the Property to achieve stabilization at 20-30% occupancy; and (4) obtain permanent exit financing to fund distributions under the Plan allowing for the payment in full of all of that Debtor's Creditors. To the extent a Debtor is unable to complete construction, obtain the requisite Certificate of Occupancy, or obtain the needed Exit Financing sufficient to provide for the payment of the Debtor's Creditors in full within the time provided for in the Plan, the Debtor next will seek a marketed sale of the Property. If that individual Debtor further is unable to obtain and close on an acceptable sale of the Property, MainStreet Bank is then to be afforded relief from the automatic stay to proceed with a foreclosure sale of the Property for the benefit of the Bankruptcy Estate. For each Debtor, the Exit Facility proceeds (or Sale Proceeds, as applicable) will be used to pay: the secured claim, administrative claims, and all other claims in full with respect to that Debtor. To the extent excess proceeds may then still remain, those excess funds shall be reserved for the benefit of the other Joint Debtor, to the extent it also has not yet been successful in obtaining the needed Exit Financing or Sale to allow for payment of its creditors in full. The Debtors believe that the Plan will allow them to efficiently reorganize and make prompt distributions to creditors. The Plan proposes to reorganize the Debtors through a tiered progressive milestone structure, with the objective of obtaining permanent Exit Financing to pay all Allowed Claims in full. The Plan provides for all Classes of Claims to be paid in full with a projected recovery of 100%, and for all Interests to be retained by the existing equity holders. All Classes under the Plan are Unimpaired. Class A.4 consists of all Allowed General Unsecured Claims with respect to 4912 Wisconsin and 4912 Property. Except to the extent that the Holder of the Allowed Class A.4 Claim agrees to a different and lesser treatment, the Holder of the Class A.4 Claim shall be paid in full in Cash from the proceeds of the Exit Facility on the Effective Date. Class A.4 is unimpaired under this Plan and is conclusively presumed to have accepted this Plan and, therefore, Holders of Class A.4 Claims are not entitled to vote to accept or reject this Plan. Class B.4 consists of all Allowed General Unsecured Claims with respect to 1544 Multifamily and 1544 Property. Except to the extent that the Holder of the Allowed Class B.4 Claim agrees to a different and lesser treatment, the Holder of the Class B.4 Claim shall be paid in full in Cash from the proceeds of the Exit Facility on the Effective Date. Class B.4 is unimpaired under this Plan and is conclusively presumed to have accepted this Plan and, therefore, Holders of Class B.4 Claims are not entitled to vote to accept or reject this Plan. Distributions under the Plan will be funded from the following sources: (i) Cash on hand; (ii) any rent proceeds or receipts that may be received by the Debtors; (iii) proceeds from the Exit Facility on the Effective Date; and (iv) Sale Proceeds, if the Debtors proceed with the Sale of one or both Properties pursuant to the Plan. The primary source of Plan Funding is anticipated to be the proceeds of the Exit Facility, permanent financing to be obtained by the Reorganized Debtors on or before the Effective Date. The proceeds of the Exit Facility will be used to satisfy Administrative Expense Claims, the MainStreet Bank Secured Claims, and all other obligations under the Plan. The Exit Facility may provide financing for one or both of the Properties. Leslie Lickstein and Brighton Consulting, LLC have been retained as commercial loan and private lending consultants for 4912 Wisconsin to assist in obtaining the Exit Financing. In the event that a Debtor is unable to obtain Exit Financing within the timeframes provided for in the Plan, the Plan provides for an alternative funding mechanism through a marketed sale of the corresponding Property, with Sale Proceeds to be used to satisfy that Debtor's obligations under the Plan. If a Debtor is further unable to obtain and close on an acceptable sale of the Property, MainStreet Bank is then to be afforded relief from the automatic stay to proceed with a foreclosure sale of the Property for the benefit of the Bankruptcy Estate. The Debtors anticipate that any necessary construction work and/or costs will be borne by Georgia Builders, LLC, which is an entity affiliated with Dereje ("Reggie") Seifu and is the prime contractor with respect to both Properties. While the Debtors do not believe at this point it will be necessary to obtain separate debtor-in-possession ("DIP") financing, the Debtors reserve their rights to seek DIP financing should they determine such financing to be beneficial or necessary for the Debtors' Estates. A full-text copy of the First Revised Disclosure Statement dated June 23, 2026 is available at https://urlcurt.com/u?l=MviBtE from PacerMonitor.com at no charge. Counsel for 4912 Wisconsin LLC: Bradley D. Jones, Esq. Joshua W. Cox, Esq. Ruiqiao Wen, Esq. Shelby E. Kostolni, Esq. STINSON LLP 1775 Pennsylvania Ave., N.W., Suite 800 Washington, DC 20006 Tel. (202) 785-9100 Fax (202) 572-9943 Email: brad.jones@stinson.com joshua.cox@stinson.com ruiqiao.wen@stinson.com shelby.kostolni@stinson.com Counsel for 1544 Multifamily, LLC: Richard G. Hall, Esq. 601 King Street, Suite 301 Alexandria, Virginia 22314 Tel. (703) 256-7159 Email: richard.hall33@verizon.net About 4912 Wisconsin LLC 4912 Wisconsin LLC is a single asset real estate entity organized as a limited liability company in the District of Columbia. The Debtor sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-00587) on Dec. 16, 2025. In its petition, the Debtor listed unknown estimated assets and estimated liabilities in the range of $1 million to $10 million. Bankruptcy Judge Elizabeth L. Gunn handles the case. The Debtor is represented by William Payne, Esq., of Payne & Assoc. 5830 FLORIDA AVE: Hires Bickham Law Practice LLC as Legal Counsel ----------------------------------------------------------------- 5830 Florida Ave New Orleans LA 70117 LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to hire Bickham Law Practice LLC as counsel. The firm will provide these services: (a) advise with respect to the Debtor's powers and duties in the continued management and operation of its businesses and properties; (b) attend meetings with representatives of the Debtor's creditors and other parties in interest; (c) take all necessary action to protect and preserve the estate of the Debtor; (d) prepare on behalf of the Debtor legal papers necessary to the administration of its estates; (e) take any necessary action on behalf of the Debtor to obtain confirmation of its plan; (f) appear before this court to protect the interests of the Debtor before this court; (g) perform all other necessary legal services and provide all other necessary legal advice to the Debtor in connection with this Chapter 11 case; (h) represent the Debtor in connection with obtaining post-petition financing, if any; (i) advise the Debtor concerning and assist in the negotiation and documentation of financing agreements, cash collateral orders and related transactions; (j) investigate the nature and validity of liens asserted against the property of the Debtor, and advise the Debtor concerning the enforceability of said liens; (k) investigate and advise the Debtor concerning, and take 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 estates of the Debtor; (l) advise and assist the Debtor in connection with any potential property dispositions; (m) advise the Debtor concerning executory contract and unexpired lease assumptions, assignments and rejections and lease restructuring and recharacterizations; (n) assist the Debtor in reviewing, estimating and resolving claims asserted against the estate; (o) commence and conduct litigation necessary and appropriate to assert rights held by the Debtor, protect assets of the Chapter 11 estate or otherwise further the goal of completing the successful reorganization of it; and (p) perform all other legal services for the Debtor which may be necessary and proper in these proceedings. The firm will be paid at these hourly rates: Ralph Bickham, Attorney $350 Paralegals $65 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $1,800 from the Debtor. Mr. Bickham disclosed in a court filing that the firm is a "disinterested persons" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Ralph Bickham, Esq. Bickham Law Practice LLC 650 Poydras St. New Orleans, LA 70130 Telephone: (504) 584-5730 About 5830 Florida Ave New Orleans LA 70117 LLC 5830 Florida Ave New Orleans LA 70117 LLC is a Louisiana-based real estate holding company involved in property ownership, investment, and asset management activities. 5830 Florida Ave New Orleans LA 70117 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 26-11425) on June 10, 2026. In its petition, the Debtor reported estimated assets of $100,001-$1,000,000 and estimated liabilities of $0-$100,000. The Debtor is represented by Raphael Bickham, Esq. of Bickham Law Practice LLC. ADELMAN TARZANA: Case Summary & Five Unsecured Creditors -------------------------------------------------------- Debtor: Adelman Tarzana Investments, LLC 5645 Lindley Avenue Tarzana, CA 91356 Chapter 11 Petition Date: June 29, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-11398 Judge: Hon. Victoria S Kaufman Debtor's Counsel: Ron Bender, Esq. LEVENE, NEALE, BENDER, YOO & GOLUBCHIK L.L.P. 2818 La Cienega Ave. Los Angeles, CA 90034 Tel: (310) 229-1234 Fax: (310) 229-1244 Email: rb@lnbyg.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Jason Michael Adelman as managing member. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HOXWZTY/Adelman_Tarzana_Investments_LLC__cacbke-26-11398__0001.0.pdf?mcid=tGE4TAMA List of Debtor's Five Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Cogent Financial Unknown 11611 San Vicente Blvd Ste 609 Los Angeles, CA 90049 2. California Franchise Tax Board $800 Bankruptcy Section - MS A-340 P.O. Box 2952 Sacramento, CA 95812-2952 3. Internal Revenue Service Unknown Insolvency I Stop 5022 300 N. Los Angeles St., #4062 Los Angeles, CA 90012-9903 4. LA County Tax Assessors $0 Kenneth Hahn Hall of Administration 500 W. Temple Street, Room 225 Los Angeles, CA 90012 5. National Mortgage Resources, Inc. Unknown Attn: Steve Miller 595 S. Burlingame Ave. Los Angeles, CA 90049 ADVANCED REHABILITATION: Gets Final OK to Use Cash Collateral ------------------------------------------------------------- Advanced Rehabilitation Clinics, Inc. received final approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral. The court entered a final order authorizing the Debtor to use the cash collateral of Village Bank and Trustin accordance with its budget. The Debtor must not exceed disbursements by more than 10% per month without prior consent from secured creditor, Village Bank & Trust. The Debtor projects total operational expenses of $64,641 for July. As adequate protection, Village Bank & Trust will continue to receive a monthly payment of $2,300 and a replacement lien on all property acquired by the Debtor after its Chapter 11 filing that is similar to its pre-bankruptcy collateral. This replacement lien will have the same validity, extent, and priority as the bank's pre-bankruptcy lien. The Debtor must also remit $1,000 to Subchapter V Trustee Ira Bodenstein by July 24, to be held in escrow pending further court order. Events of default under the final order include failure to make payments and maintain insurance; use of cash collateral outside the budget; failure to provide required reporting; and violation of any provision of the final order. The order is available at https://tinyurl.com/46puztpr from PacerMonitor.com. Village Bank and Trust is the Debtor's only secured creditor, holding a lien on the Debtor's assets for a loan of approximately $111,000. The Debtor asserts that the value of its assets exceeds the amount owed and emphasizes that access to cash collateral is essential to continue business operations and avoid premature liquidation. Village Bank and Trust is represented by: Adam B. Rome, Esq. Greiman, Rome, & Griesmeyer, LLC 205 W. Randolph St., Ste. 2300 Chicago, IL 60606 Phone: 312-428-2750 arome@grglegal.com About Advanced Rehabilitation Clinics Inc. Advanced Rehabilitation Clinics, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-16498) on October 27, 2025, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Ira Bodenstein serves as Subchapter V trustee. Judge Deborah L. Thorne oversees the case. Penelope N. Bach, Esq., at Bach Law Offices represents the Debtor as bankruptcy counsel. AEC PARENT: S&P Downgrades ICR to 'CCC-' on Elevated Restructuring ------------------------------------------------------------------ S&P Global Ratings lowered its issuer credit rating on Jacksonville, Fla.-based ophthalmic equipment distributor AEC Parent Holdings Inc. (dba Advancing Eyecare) to 'CCC-' from 'CCC+'. At the same time, we lowered our issue-level rating on the company's revolving credit facility and first-lien term loan to 'CCC-' from 'CCC+'. The recovery rating of '3' indicates our expectation for meaningful (50%-70%; rounded estimate: 55%) recovery in the event of a payment default. The negative outlook reflects elevated risk that the company may undertake a debt restructuring or similar transaction that we view as tantamount to a default in the next six months. Advancing Eyecare has been experiencing persistent weakness in its U.S. business, which significantly impaired EBITDA margins and resulted cash flow deficits in 2023, 2024, and 2025. Absent evidence of a near-term turnaround, S&P Global Ratings assumes free cash flow deficits in 2026 may constrain liquidity in coming quarters given minimal cash on hand, the fully drawn revolver, and limited availability under its delayed draw term loan. Furthermore, AEC's debt is trading at distressed levels and financial covenants appear tight, which increases the likelihood it may undertake a distressed exchange transaction in the near term. The downgrade reflects tight liquidity and heightened refinancing risk. Persistent weakness in demand in the U.S. and free cash flow deficits have led to high leverage and constrained liquidity, raising significant uncertainty regarding AEC's ability to refinance its approaching debt maturities. This is compounded by the tightening covenant profile in the second quarter of 2026. S&P said, "We see elevated risk of a distressed exchange transaction in the near term given that the company's debt is trading at distressed levels. While AEC received a waiver on its first-lien leverage covenant for Q2 2025 through Q4 2025, the company narrowly avoided breaching its stepped-up 11.5x leverage covenant in Q1 2026. We view the likelihood of a breach as elevated moving into Q2 2026, as the covenant steps back down to 8.6x, particularly given the inclusion of the delayed draw term loan in first-lien leverage calculations." Absent a substantial improvement in operating performance or access to external capital, AEC may face a liquidity shortfall over the next six months. S&P said, "Consequently, we believe the likelihood of a distressed exchange or restructuring has increased; in the context of very high leverage and free cash flow deficits, we would consider a transaction in which lenders receive materially less than the face value of their original obligation, or in which they are otherwise disadvantaged, as a selective default." AEC's cash flow generation remains constrained by ongoing macroeconomic headwinds, despite our expectations for top-line growth. While the company's international businesses continue to perform well, U.S. operations are facing ongoing challenges due to a persisting slowdown in the ophthalmic industry, as many private vision care practices and national accounts--AEC's primary customer base--delay purchasing new capital equipment, likely in part due to the increase in interest rates over the last few years. S&P does, however, expect to see modest organic revenue growth of 2%-4% in 2026, underpinned by a modest improvement in the second half of the year. Furthermore, we expect the acquisition of U.K.-based distributor Birmingham Optical Group, completed in August 2025, will contribute to total revenue growth of 10%-15%. S&P said, "We expect strategic initiatives undertaken in 2025 and early 2026--including warehouse consolidation, the elimination of freight discounts, and headcount reductions--to support an improvement in S&P Global Ratings-adjusted EBITDA margins in 2026, following a low point of 3.3% in 2025 (compared to low-to-mid teens in 2020-2022, and about 6%-8% in 2023-2024). However, absent evidence of a clear improvement in demand, we expect AEC's cash flow deficits to persist, with a projected S&P Global Ratings-adjusted free operating cash flow (FOCF) deficit of $10 million-$15 million in 2026, compared to a deficit of approximately $30 million in 2025. "Notwithstanding a history of sponsor support, we view AEC's liquidity position as weak. The company's $40 million revolving credit facility matures within 12 months (in June 2027), thus we now expect sources of liquidity to be less than 1x its liquidity uses over that timeframe. Our assessment incorporates AEC's cash balance of $4.8 million as of March 31, 2026, and the $10 million cash infusion from its financial sponsor, Cornell Capital, in April 2026 intended to support working capital needs. However, we expect negative cash flow generation over the next 12 months to be exacerbated by the upcoming maturity of the revolving credit facility and the fact that there is little to no remaining capacity under the delayed draw term loan agreement with Cornell Capital as of March 31, 2026." While the company could potentially access additional equity from Cornell Capital to prevent a covenant breach or payment delinquency given the sponsor's track record of support for AEC, S&P excludes that potential from its base case given the discretionary nature of such support. The negative outlook reflects the elevated risk that AEC may undertake a restructuring transaction or distressed exchange in the next six months due to its weak liquidity position and constrained cash flows. S&P could lower its rating on AEC if it believes a default or distressed debt exchange is imminent. S&P could raise its ratings on AEC if it improves its liquidity position and cash flow prospects such that S&P no longer believes a default or distressed exchange is likely in the next six months. AIKEN COURT: Seeks to Hire Engel & Volkers Wellington as Realtor ---------------------------------------------------------------- Aiken Court, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Engel & Volkers Wellington as realtor. The firm will market and sell the Debtor's real property located at located at 3580 Aiken Court, Wellington, FL. The contract provides for a 6% commission for the sale of the property. Travis Laas, a realtor with Engel & Volkers Wellington, assured the court that his firm is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: Travis Laas Engel & Volkers Wellington 3101 Fairlane Farms Road, Ste 3 Wellington, FL 33414 Phone: (561) 906-7007 Email: travis.laas@evrealestate.com About Aiken Court, LLC Aiken Court, LLC single-asset real estate entity (as defined in 11 U.S.C. Section 101(51B)). Aiken Court, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17004) on May 28, 2026, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Stuart Roffman as manager member. Brian K. McMahon, Esq. at BRIAN K. MCMAHON, PA serves as the Debtor's counsel. AMERICAN HEALTH: Gets Final OK to Use Cash Collateral ----------------------------------------------------- American Health Associates Holdings, Inc. and affiliates received final approval from the U.S. Bankruptcy Court for the Southern District of Florida, Fort Lauderdale Division, to use cash collateral to fund operations. The court authorized the Debtors to continue using cash collateral in accordance with an approved operating budget, subject to a 10% variance on budget line items and ongoing reporting requirements. The Debtors listed City National Bank and merchant cash advance lenders, National Biz Capital and Forward Financing, LLC, as the secured creditors with interests in their cash collateral. City National Bank holds a primary secured revolving credit facility of approximately $9.6 million secured by a blanket lien while the MCA lenders claim additional secured interests, which are partly disputed. The Debtors also disclosed $39.6 million in accounts receivable and maintain multiple bank accounts with City National Bank. As adequate protection, secured creditors received continuing liens and replacement liens on post-petition assets to preserve the value of their collateral interests. City National Bank and National Biz Capital were also granted superpriority administrative claims if existing protections prove insufficient, and the liens automatically remain perfected without additional filings. The order required ongoing adequate protection payments beginning this month including weekly payments of $50,000 to City National Bank and biweekly payments of $25,000 to National Biz Capital. The Debtors also agreed to extensive financial reporting obligations, including monthly operating reports, accounts receivable aging reports, payroll disclosures, and additional financial information upon request. Insurance obligations and strategic operational reporting requirements were also imposed. The court established strict restructuring milestones requiring the Debtors to propose and file a Chapter 11 plan or sale process within specified deadlines. Failure to meet these benchmarks or other terms of the order may trigger events of default, terminating the Debtors' authority to use cash collateral. The official committee of unsecured creditors has until August 10 to challenge the extent, validity, or priority of secured claims, while the Debtors have 45 days from entry of the order to object to secured claims other than City National Bank's claim, which is not subject to challenge by the Debtors. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/CPsEQ from PacerMonitor.com. About American Health Associates Holdings Inc. Headquartered in Davie, Florida, American Health Associates Holdings, Inc. provides clinical laboratory services, mobile phlebotomy, mobile imaging and care-at-home diagnostic services for the long-term care market. Founded more than 30 years ago by Debbie Martin, a respiratory therapist, American Health Associates Holdings serves skilled nursing facilities, nursing homes, hospitals and physician offices, and operates 16 full-service reference laboratories nationwide. It serves more than 3,000 long-term care facilities across the U.S. American Health Associates Holdings and 12 affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 26-14825) on April 17, 2026. In the petition signed by Christopher Martin, president, American Health Associates Holdings disclosed up to $50 million in both assets and liabilities. Judge Scott M. Grossman oversees the cases. The Debtors tapped Bradley S. Shraiberg, Esq., at Shraiberg Page, P.A., as legal counsel; Aurora Management Partners, Inc. as financial advisor; BAS CPA, PLLC as accountant; and Kenneth A. Welt of Trustee Services, Inc. as lead consultant. The U.S. Trustee for Region 21 appointed an official committee of unsecured creditors in the Debtors' cases. The committee is represented by Markowitz, Ringel, Trusty & Hartog, P.A. ANDERSON HAY: Financing Reduced After Creditor Objection -------------------------------------------------------- Mateusz Perkowski of Capital Press reports that a bankruptcy court has limited Anderson Hay & Grain Co.'s access to new financing after a dispute between the debtor and one of its largest secured creditors over the terms of a proposed debtor-in-possession loan. The court authorized the company to borrow $1.5 million immediately instead of the $3 million requested under a larger $5 million facility from Conterra Agricultural Capital. The financing proposal drew objections from PGIM Real Estate Finance, which argued the agreement would improperly subordinate its existing liens by granting Conterra first-priority repayment rights. PGIM also challenged the debtor's property appraisals and asserted Anderson Hay had not sufficiently demonstrated the necessity of the additional borrowing or exhausted other financing options, the report cites. Anderson Hay maintained that continued access to funding is essential to keep the business operating through the hay harvest and reassure growers that they will be paid for future deliveries. Company counsel argued that uncertainty surrounding the financing threatens supplier confidence and could drive producers to sell to competitors outside the Chapter 11 process. Chief Bankruptcy Judge Whitman Holt concluded that interim financing was warranted but reduced the authorized borrowing while the parties continue litigating the proposed priming lien. A final hearing is scheduled for July 16-17, and the outcome could determine whether Conterra retains repayment priority or whether the interim financing must be repaid if the priming structure is rejected, the report states. About Anderson Hay & Grain Anderson Hay & Grain, 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. Anderson Hay and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wash. Case No. 25-02075) on November 26, 2026. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge Whitman L. Holt handles the case. The Debtors are represented by James L. Day, Esq. of BUSH KORNFELD LLP. APEX ELECTRICAL: Gets Interim OK to Use Cash Collateral ------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division issued a third interim order allowing Apex Electrical Solutions, LLC to use cash collateral. Under the order, the Debtor is authorized to use cash collateral to cover necessary business expenses outlined in an approved budget, with a permitted variance of up to 10% per line item. The Debtor may also make payments approved by the court, including payments to the Subchapter V Trustee, and any additional amounts expressly approved in writing by ODK Capital, LLC (OnDeck). This authorization remains effective through August 11, unless extended by agreement. The Debtor projects total operational expenses of $31,202.25 for the week ending July 5; $16,881.64 for the week ending July 12; $23,354.61 for the week ending July 19; $7,382.38 for the week ending July 26; $10,762.90 for the week ending August 2; $9,786.37 for the week ending August 9; and $12,025.81 for the week ending August 16. To protect creditors, the court granted ODK Capital and other secured creditors replacement liens on post-petition cash collateral, with the same priority and validity as their pre-petition liens, without requiring further documentation. Additional safeguards include insurance coverage on the creditors' collateral. The order is entered without prejudice, preserving the rights of parties to seek modifications or assert claims regarding cash collateral. The order is available at http://bankrupt.com/misc/ApexElectrical_3ICCOrder124.pdf The next hearing is scheduled for August 11. About Apex Electrical Solutions LLC Apex Electrical Solutions, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01865) on March 17, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Eric S. Golden, Esq., at Burr & Forman LLP represents the Debtor as legal counsel. ARC BURGER: Secured Party Sets July 6, 2026 Public Auction ---------------------------------------------------------- On July 6, 2026, at 9:30 a.m. (EST), a public sale (the "Public Sale") shall be conducted of certain personal property assets of ARC Burger, LLC, a Delaware limited liability company (the "Debtor"), as described on Schedule "A" below (the "Collateral"). The Public Auction shall be conducted in accordance with Article 9 of the Uniform Commercial Code, as enacted in all applicable jurisdictions. The Public Sale will be conducted at the offices of Greenberg Traurig, LLP, 3333 Piedmont Road, NE, Suite 2500, Atlanta, Georgia 30305. Qualified Bidders, as defined below, should ask for John D. Elrod or Allison McGregor upon arrival. The Public Sale is being conducted by United Community Bank (the "Secured Party") under that certain Loan Agreement (the "Loan Agreement") dated as of August 14, 2023, by and between the Secured Party and the Debtor to enforce the rights and remedies of Secured Party to sell the Collateral under applicable law. The Secured Party has obtained relief from the automatic stay in the Debtor's chapter 7 bankruptcy case. The Collateral will be sold to the highest Qualified Bidder for cash, or credit against outstanding indebtedness held by the Secured Party or for which the Secured Party is entitled by contract to bid. Please be advised that the Secured Party, and any assignees of the Secured Party, reserve their right to credit bid, and may credit bid, at the Public Sale of the Collateral. There will be no warranties made or provided relating to title, possession, quiet enjoyment or the like in connection with the disposition. The Collateral shall be sold AS IS, WHERE IS, and all warranties of quality, quiet enjoyment, fitness, merchantability and all other warranties, express, implied, arising by statute, common law or otherwise, are expressly excluded. The Secured Party makes no representation or warranty as to the (i) state or condition of title of the Collateral, (ii) physical, financial, or environmental condition of the Collateral, (iii) existence, validity, or amount of any liens or claims senior to that of the Secured Party in the Collateral, or (iv) value of or income produced or that may be produced by the Collateral. The Public Sale may be canceled or continued from time to time, without further notice other than as given at the Public Sale date and place, at the sole and absolute discretion of the Secured Party. Parties interested in participating at the Public Sale as a bidder for the Collateral should contact the Secured Party's counsel, John D. Elrod and Allison McGregor, by e-mail at elrodj@gtlaw.com and allison.mcgregor@gtlaw.com or by telephone at 678-553-2100. To be a Qualified Bidder, a prospective bidder must, not later than 12:00 p.m. Eastern Standard Time on July 2, 2026, contact John D. Elrod and Allison McGregor of Greenberg Traurig, LLP at the contact information above and provide accurate contact information of such bidder and such adequate assurances of such bidder's ability to perform as the Secured Party may request, including, without limitation, a required deposit. Interested parties desiring any additional information on any aspect of the Public Sale should contact John D. Elrod. Schedule A – Collateral The "Collateral" shall include all personal property, including furniture, fixtures, equipment, and other tangible personal property at the following locations: Unit # Unit Name Address City ST 150068 LEES SUMMIT 2 1100 SW 3RD STREET LEES SUMMIT MO 1506262 KANSAS CITY (E. BANNISTER RD) 5373 EAST BANNISTER ROAD KANSAS CITY MO 1502608 CHATTAHOOCHEE 651 WEST WASHINGTON STREET CHATTAHOOCHEE FL 1502993 VALDOSTA 4 2901 NORTH ASHLEY STREET VALDOSTA GA 1506220 SANDERSVILLE 195 WALMART CIRCLE SANDERSVILLE GA 1503127 BONIFAY 2111 SOUTH WAUKESHA STREET BONIFAY FL 1503133 GENEVA 1301 MAPLE AVENUE GENEVA AL 1503532 CHIPLEY 1212 MAIN STREET CHIPLEY FL 1506246 BONAIRE 99 SANDY RUN ROAD BONAIRE GA 1504027 LEBANON 1300 SOUTH JEFFERSON LEBANON MO 1500157 EMPORIA 1 1126 E 12TH AVENUE EMPORIA KS 1501299 HOUSTON 926 S SAM HOUSTON BLVD HOUSTON MO 1501300 BUFFALO 1100 WEST DALLAS STREET BUFFALO MO 1500403 INDEPENDENCE 2 4011 S. NOLAND ROAD INDEPENDENCE MO ARMADILLO DISTRIBUTION: Gets Interim OK to Use Cash Collateral -------------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida granted Armadillo Distribution Enterprises, Inc. interim approval to use cash collateral. The order authorized the Debtor to use cash collateral to pay court-approved obligations, U.S. Trustee quarterly fees, and necessary operating expenses under an approved budget, with flexibility of up to a 10% variance per budget line item. Additional expenditures require written approval from Valley National Bank, the secured creditor, and the authorization remains effective until further court order. To protect secured creditors, the order granted them replacement liens on post-petition cash collateral with the same validity, priority, and extent as the creditors' prepetition liens, without requiring additional filings. The Debtor must also maintain insurance coverage consistent with its loan agreements and continue complying with all Chapter 11 debtor-in-possession obligations. Upon reasonable notice, Valley National Bank is entitled to inspect the Debtor's business records and premises. The order preserves the rights of all parties. It does not prevent secured creditors from later seeking additional adequate protection or restrictions on the Debtor's use of cash collateral, nor does it limit other available remedies. It also preserves the U.S. Trustee's authority to appoint a creditors' committee and protects any committee's right to challenge the validity, priority, or extent of liens asserted against the cash collateral. A continued hearing is scheduled for August 6. 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. 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. ASCENT SOLAR: Increases At-The-Market Offering by $15MM ------------------------------------------------------- Ascent Solar Technologies, Inc. announced in a regulatory filing that it has determined to increase the amount available for sale under its existing At The Market Offering Agreement with H.C. Wainwright & Co., LLC, as sales agent, by up to an additional aggregate offering price of $15,000,000 of shares of its common stock, par value $0.0001 per share. The Shares will be issued pursuant to the Company's shelf registration statement on Form S-3 (File No. 333-291104), initially filed with the U.S. Securities and Exchange Commission on October 27, 2025 and declared effective by the SEC on December 30, 2025, and the related prospectus supplement dated June 26, 2026. Because there is no minimum offering amount required pursuant to the ATM Agreement, the total number of Shares to be sold under the ATM Agreement, if any, and proceeds to the Company, if any, are not determinable at this time. The Company expects to use any net proceeds primarily for general and administrative expenses and other general corporate purposes. The Company's management will have significant discretion and flexibility in applying the net proceeds from the sale of these securities. Background As previously disclosed, on May 16, 2024, the Company entered into the ATM Agreement with Wainwright to sell shares of its common stock with an aggregate sales price of initially up to $4,219,000 through an "at the market offering" program. Pursuant to prospectus supplements dated May 23, 2024, May 30, 2024 and August 20, 2025, to the Company's shelf registration statement on Form S-3 (File No. 333-267971), initially filed with the SEC on October 21, 2022 and declared effective on November 7, 2022, the Company increased the amount available for sale under the ATM Agreement by up to an additional aggregate offering price of $4,344,000, $3,981,000 and $758,818 of Shares, respectively. Since May 16, 2024, the Company has sold 1,804,444 shares of common stock under the ATM Agreement for gross proceeds of approximately $12,657,279.56. The Company's current outstanding shares of common stock are 9,816,431 as of June 26, 2026. This announcement does not constitute an offer to sell or the solicitation of an offer to buy any security, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. About Ascent Solar Technologies, Inc. Ascent Solar Technologies, Inc. is a solar technology Company based in Thornton, Colorado, that manufactures and sells photovoltaic solar modules that are flexible, durable, and possess attractive power-to-weight and power-to-area performance. Its technology provides renewable power solutions to high-value production and specialty solar markets where traditional rigid solar panels are not suitable, including space power beaming, aerospace, satellites, near-Earth orbiting vehicles, fixed-wing unmanned aerial vehicles, aquatic, terrestrial, and other weight-sensitive markets (including DoD drone and space operations) with transformational, high-quality, value-added product applications. The Company operates in these target markets because they have highly specialized needs for power generation and offer attractive pricing due to the significant technological requirements. Salt Lake City, Utah-based Haynie, the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 20, 2026, attached to the Company's Annual Report for the fiscal year ended December 31, 2025, citing that the Company has had limited production which has led to the Company being dependent on outside financing to fund its operations. There is no assurance that the Company will be able to raise additional capital and cash on hand is not sufficient to sustain operations. These factors raise substantial doubt about its ability to continue as a going concern. As of December 31, 2025, the Company had $6.33 million in total assets, $2.99 million in total liabilities, and $3.34 million in total stockholders' equity. ATARA BIOTHERAPEUTICS: CAO Yanina Grant-Huerta to Depart July 17 ---------------------------------------------------------------- Atara Biotherapeutics, Inc. announced in a regulatory filing that it notified Yanina Grant-Huerta, the Company's Chief Accounting Officer, that her employment with the Company would end effective July 17, 2026. About Atara Biotherapeutics Atara Biotherapeutics, Inc. -- http://atarabio.com/-- is a biotechnology Company focused on developing off-the-shelf cell therapies that harness the power of the immune system to treat difficult-to-treat cancers and autoimmune conditions. With cutting-edge science and differentiated approach, Atara is the first Company in the world to receive regulatory approval of an allogeneic T-cell immunotherapy. The Company's advanced and versatile T-cell platform does not require T-cell receptor or HLA gene editing and forms the basis of a diverse portfolio of investigational therapies that target EBV, the root cause of certain diseases, in addition to next-generation AlloCAR-Ts designed for best-in-class opportunities across a broad range of hematological malignancies and B-cell driven autoimmune diseases. Atara is headquartered in Southern California. San Francisco, Calif.-based Deloitte & Touche LLP, the Company's auditor since 2013, issued a "going concern" qualification in its report dated March 16, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that Company's negative cash flow from operations and losses from operations raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $20 million in total assets, $57.3 million in total liabilities, and $37.3 million in total stockholders' deficit. ATARA BIOTHERAPEUTICS: CRCFO Consultant Steps In as Interim CFO --------------------------------------------------------------- Atara Biotherapeutics, Inc. announced in a regulatory filing that the Board of Directors appointed Kevin G. Sarney, Life Science Practice Leader at Charles River CFO, Inc., as interim chief financial officer, effective as of June 26, 2026. In connection with his appointment, Mr. Sarney will serve as the Company's principal financial officer and principal accounting officer. Mr. Sarney will provide interim chief financial officer services pursuant to a consulting agreement with CRCFO to which the Company is a party. Under the Consulting Agreement, the Company will pay CRCFO an agreed upon hourly rate for Mr. Sarney's services. Mr. Sarney will not receive any compensation directly from the Company. The Consulting Agreement may be terminated by either the Company or CRCFO upon 30 days written notice. Mr. Sarney will enter into the Company's standard indemnification agreement for directors and executive officers. Mr. Sarney, age 61, has over 25 years of finance and accounting experience with life science companies. Since January 2021, Mr. Sarney has served as a consultant at CRCFO, a provider of strategic and operational finance and accounting services for life science companies. Prior to joining CRCFO, Mr. Sarney served in executive finance positions with a number of publicly traded and privately held life science companies. Earlier in his career, Mr. Sarney was an auditor at PricewaterhouseCoopers. Mr. Sarney received a B.S. in Management from the University of Hartford, an M.S. in Accounting from the Sawyer Business School at Suffolk University, and an M.B.A. in Finance from the Questrom School of Business at Boston University. In addition, Mr. Sarney is a licensed Certified Public Accountant in Massachusetts. There are no arrangements or understandings between Mr. Sarney and any other person pursuant to which Mr. Sarney was appointed principal financial officer and principal accounting officer. There are no family relationships between Mr. Sarney and any director, executive officer or any other person nominated or chosen by the Company to become a director or executive officer. There are no related person transactions (within the meaning of Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission) between Mr. Sarney and the Company. About Atara Biotherapeutics Atara Biotherapeutics, Inc. -- http://atarabio.com/-- is a biotechnology Company focused on developing off-the-shelf cell therapies that harness the power of the immune system to treat difficult-to-treat cancers and autoimmune conditions. With cutting-edge science and differentiated approach, Atara is the first Company in the world to receive regulatory approval of an allogeneic T-cell immunotherapy. The Company's advanced and versatile T-cell platform does not require T-cell receptor or HLA gene editing and forms the basis of a diverse portfolio of investigational therapies that target EBV, the root cause of certain diseases, in addition to next-generation AlloCAR-Ts designed for best-in-class opportunities across a broad range of hematological malignancies and B-cell driven autoimmune diseases. Atara is headquartered in Southern California. San Francisco, Calif.-based Deloitte & Touche LLP, the Company's auditor since 2013, issued a "going concern" qualification in its report dated March 16, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that Company's negative cash flow from operations and losses from operations raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $20 million in total assets, $57.3 million in total liabilities, and $37.3 million in total stockholders' deficit. AVANTGARDE SENIOR: Case Summary & 12 Unsecured Creditors -------------------------------------------------------- Debtor: AvantGarde Senior Living 5645 Lindley Avenue Tarzana, CA 91356 Business Description: AvantGarde Senior Living operates a senior living community in Tarzana, California, providing assisted living, independent living, memory care and respite care services for older adults. The company, based at 5645 Lindley Avenue, offers residential care, dining, transportation, wellness programming and other support services designed to serve seniors requiring varying levels of personal assistance. Chapter 11 Petition Date: June 29, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-11397 Judge: Hon. Martin R. Barash Debtor's Counsel: Ron Bender, Esq. LEVENE, NEALE, BENDER, YOO & GOLUBCHIK L.L.P. 2818 La Cienega Ave. Los Angeles, CA 90034 Tel: (310) 229-1234 Fax: (310) 229-1244 E-mail: rb@lnbyg.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Jason Michael Adelman as president. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HD3JXAI/AvantGarde_Senior_Living__cacbke-26-11397__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 12 Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Internal Revenue Service $1,600,000 P.O. Box 7346 Philadelphia, PA 19101-7346 2. Cogent Financial Unknown 11611 San Vicente Blvd Ste 609 Los Angeles, CA 90049 3. Gordon Rees Scully $75,000 Mansukhani LLP 633 West Fifth Street, 52nd Floor Los Angeles, CA 90071 4. Capital Management Solutions $9,500 981 W Arrow Hwy. #434 San Dimas, CA 91773 5. Law Office of Lowell Tatkin $7,500 8117 W. Manchester Ave #524 Playa Del Rey, CA 90293 6. Waste Management $1,637 of California, Inc P.O. Box 541065 Los Angeles, CA 90054 7. Southern California Gas Company $1,203 P.O. Box C Monterey Park, CA 91756 8. McCalla Company Inc. $628 6856 Van Nuys Blvd Van Nuys, CA 91405 9. Ready Fresh by Nestle $580 P.O. Box 856158 Louisville, KY 40285 10. Internal Revenue Service Unknown Insolvency I Stop 5022 300 N. Los Angeles St., #4062 Los Angeles, CA 90012-9903 11. LADWP Unknown P.O. Box 30808 Los Angeles, CA 90030 12. Ms. Sajedeh Rasooli $0 7430 Balboa Blvd. Van Nuys, CA 91406 AVENTIV TECHNOLOGIES: Completes Debt-for-Equity Recapitalization ---------------------------------------------------------------- Aventiv Technologies, a leading provider of secure communications infrastructure and technology solutions serving correctional facilities and public safety agencies, announced on July 2, 2026, that it has completed its recapitalization through a debt-for-equity exchange. The Company is moving forward with a clear vision and commitment to its future, with strong institutional backing for its next phase. The transaction significantly reduces the Company's debt, strengthens its balance sheet, and positions Aventiv for long-term growth and financial stability. It results in a simpler, more durable capital structure with greater financial flexibility to support ongoing investment in the business. Aventiv and its family of brands, including Securus Technologies(R), Securus Monitoring(R), and JPay(R), will continue to operate seamlessly, with uninterrupted support for customers, partners, and associates. Backed by a strengthened capital structure, the Company is positioned for growth, delivering reliable, high-performing solutions while advancing how it serves facilities and individuals. Its digital infrastructure enables safe, efficient operations, strengthens system-wide connectivity, and expands access to services that support long-term stability and successful reentry. "The completion of this transaction reflects the disciplined execution of our team and the underlying strength of our business," said Kevin Elder, Interim CEO and President, Aventiv Technologies. "We have built a scaled, resilient platform that supports critical operations for correctional facilities and public safety agencies, while enabling essential connectivity across the communities we serve. This milestone strengthens our foundation and positions us to continue advancing our capabilities, operating with sustained discipline, and delivering long-term value for our stakeholders." Aventiv is supported by Milbank LLP as legal advisor, FTI Consulting as financial advisor, and PJT Partners as investment banking advisor. The institutional investors and lenders are represented by Gibson, Dunn & Crutcher LLP as legal advisor and Evercore Group LLC as investment banking advisor. About Aventiv Technologies Aventiv Technologies, headquartered in Plano, Texas, is a leading provider of innovative, secure technology solutions that transform connectivity for correctional facilities, law enforcement agencies, incarcerated individuals, and their loved ones. Through its trusted brands, Securus Technologies, Securus Monitoring, and JPay, Aventiv serves over 1,800 agencies nationwide, delivering over 80 cost-effective, safety-enhancing products that drive operational efficiency and create meaningful connections that strengthen community outcomes. BELLA CAPRI: Claims to be Paid from Property Sale Proceeds ---------------------------------------------------------- Bella Capri, LLC, filed with the U.S. Bankruptcy Court for the Southern District of Florida a Disclosure Statement describing Plan of Reorganization dated June 23, 2026. The Debtor is a single-asset real estate limited liability company whose sole material asset is a luxury condominium unit located at 17875 Collins Avenue, Penthouse 4506, Sunny Isles Beach, Florida 33160 (the "Property"). The Debtor has two members: Semyon Shtayner, a fifty percent member; and Yasya Shtayner, a fifty percent member. As a result of the Best Meridian Foreclosure Judgment and Acqualina's Foreclosure Action, the Property faced the possibility of one or more foreclosure sales at distressed or forced-sale values, which would likely have resulted in diminished recoveries to creditors and the loss of the Shtayners' residence. The Debtor, after consultation with counsel and careful consideration of its options, determined that a chapter 11 reorganization filing was the only realistic means to halt pending foreclosure activity; preserve the going-concern and market value of the Property; provide an opportunity to refinance or market and sell the Property in an orderly manner; maximize recoveries to secured and unsecured creditors; and retain some possibility for the Shtayners to manage the transition of their residence. As of the Petition Date, the Debtor estimated the Property to be valued at $15,500,000.00 based on a February 2025 appraisal for that amount. According to the amended proof of claim filed by Best Meridian, it obtained an appraisal of the Property as of October 21, 2025 for the amount of $14,120,000.00. As of the date of this Disclosure Statement, the Property is listed for sale at an asking price of $13,495,000.00. The Property has been strategically listed at a price that is lower than its fair market value Property, in order to facilitate a sale that will fulfill the requirements of the Plan in a reasonable time frame. The Plan contemplates the marketing and sale of the Property free and clear of liens, claims, interests, and encumbrances pursuant to Section 363 of the Bankruptcy Code, with all valid, perfected, and enforceable liens to attach to the Sale Proceeds with the same validity, priority, and extent as such liens attached to the Property immediately before the Closing, subject to satisfaction and release as provided in the Plan and the Sale Order. If a contract for sale of the Property has not been accepted by the Debtor by September 30, 2026, then the Property shall immediately be marketed for sale by public auction which shall occur on or before November 12, 2026. Class 4 consists of General Unsecured Claims. Paid pro rata with Class 5 Claims from remaining Net Sale Proceeds, if any, after payment of Class 1, 2, 3, and Administrative Claims. The allowed unsecured claims total $21,691.85 plus interest if the estate is solvent. This Class is impaired. Class 5 consists of Deficiency Claims. Paid pro rata with Class 4 Claims from remaining Net Sale Proceeds, if any, after payment of Class 1, 2, 3, and Administrative Claims. Class 6 consists of Unsecured Contingency Claims (Flagstar). If Claim is Allowed. paid pro rata, up to $500,000 from any funds remaining after payment in full to Class 4 & 5 Claims. The Plan will be funded primarily from the Sale Proceeds realized from the sale of the Property pursuant to Section 363 of the Bankruptcy Code and the Sale Order. After payment of ordinary and customary closing costs, taxes, brokerage commissions, and other expenses of sale approved by the Bankruptcy Court, the Net Sale Proceeds will be distributed in accordance with Article VI of the Plan. A full-text copy of the Disclosure Statement dated June 23, 2026 is available at https://urlcurt.com/u?l=L7LjXB from PacerMonitor.com at no charge. Bella Capri, LLC is represented by: SCHATZMAN & SCHATZMAN, P.A. Jeffrey N. Schatzman, Esq. 9990 S.W. 77th Avenue Penthouse 2 Miami, Florida 33156-8115 Telephone: (305) 670-6000 Email: jschatzman@schatzmanlaw.com About Bella Capri LLC Bella Capri, LLC, a company in Sunny Isles Beach, Fla., sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-24523) on Dec. 9, 2025. In its petition, the Debtor reports estimated assets ranging from $10 million to $50 million and estimated liabilities between $1 million and $1 million. Bankruptcy Judge Laurel M. Isicoff oversees the case. The Debtor is represented by Jeffrey N. Schatzman, Esq. BENNING & G: To Sell Washington Property to Global Asset Management ------------------------------------------------------------------- Benning & G Street, LLC seeks permission from the U.S. Bankruptcy Court for the District of Columbia, to sell Property, free and clear of liens, claims, interests, and encumbrances. The debtor owns a one hundred (100%) fee simple interest in real property located at 4951 - 4957 G Street SE, Washington, DC 20019. The debtor is requesting an expedited ruling as the instant motion to facilitate the closing of the proposed sales transactions. The debtor and the purchaser Global Asset Management Group, Inc. have entered intoa Sales Contract for the purchase of the Property for $3,700,000.00. The Purchaser has advanced a $100,000.00 earnest money deposit. The debtor also seeks to sell the Property free and clear of any and all liens on the properties and interests in the properties, with the liens attaching to the proceeds received from the sale of the properties. The property is subject to a lien and other interests in favor of the Federal National Mortgage Association. The Contract is subject to Bankruptcy Court approval, including higher and better offers. The Property is being sold "As-Is" with no representations or warranties. In addition to the real property, all appliances, fixtures, sound system, and mechanical systems currently installed shall also convey as part of the sale. The Contracts call for a commission to be paid to Dean Hunter and Russ Brown (The Small Multifamily Group) of Realty One Group Performance. About Benning & G Street, LLC Benning & G Street, LLC is a real estate company engaged in property ownership, development, and investment activities. Benning & G Street, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00248) on May 13, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Elizabeth L. Gunn handles the case. The Debtor is represented by William C. Johnson, Jr., Esq. of The Johnson Law Group, LLC. BERKSHIRE LAND: Hires Genova Malin & Trier LLP as Legal Counsel --------------------------------------------------------------- Berkshire Land & Realty, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Genova, Malin & Trier, LLP as legal counsel. The firm's services include: (a) advise the Debtor with respect to its powers and duties in the continued management and operation of its business; (b) take necessary action to void liens against the Debtor's property; (c) prepare and/or amend, on behalf of the Debtor, necessary petitions, schedules, orders, pleadings and other legal papers; and (d) perform all other legal services for the Debtor which may be necessary. The firm will be paid at these hourly rates: Partner $450 Paralegal $200 The firm received a retainer of $20,000 from the Debtor. Michelle Trier, Esq., an attorney at Genova, Malin & Trier, 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: Michelle L. Trier, Esq. Genova, Malin & Trier, LLP 1136 Route 9 Wappinger Falls, NY 12590 Telephone: (845) 298-1600 Email: michelle@gmtllp.com About Berkshire Land & Realty, LLC Berkshire Land & Realty owns mixed-use real property in Patterson, New York, located at 2714 Route 22, 3-27 Lopane Drive, and 39 Lopane Drive. The property consists of three lots totaling approximately 30 acres and includes three rental houses, a 3,000-square-foot commercial nursery, and two greenhouses. The property has an appraised value of approximately $2.14 million. Berkshire Land & Realty, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-35653) on June 19, 2026, listing $2,145,800 in assets and $1,722,300 in liabilities. The petition was signed by Jesus Flores as managing member. Michelle L. Trier, Esq. at GENOVA, MALIN & TRIER, LLP serves as the Debtor's counsel. BESPOKE AESTHETICS: Seeks to Hire Julianne Frank as Legal Counsel ----------------------------------------------------------------- Bespoke Aesthetics, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Julianne Frank, PA as counsel. The firm will render these services: (a) prepare amendements to the petition schedules; (b) attend all hearings and meetings relative to the bankruptcy; (c) attend all debtor depositions; (d) prepare and submit all compliance documents; (e) negotiate with creditors; (f) prepare disclosure statement and plan; and (g) conduct of all proceedings through the final order of confirmation. The firm will be paid at these hourly rates: Julianne Frank, Attorney $450 Paralegal $140 In addition, the firm will seek reimbursement for expenses incurred. Prior to the date of this application, the firm received a retainer in the amount of $18,360 from the Debtor. Ms. Frank disclosed in a court filing that her firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Julliane R. Frank, Esq. Julianne Frank, PA 4495 Military Trail, Suite 107 Jupiter, FL 33458 Email: julianne@jrfesq.com About Bespoke Aesthetics Inc. Bespoke Aesthetics, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-18111) on June 20, 2026, listing up to $500,000 in assets and up to $10 million in liabilities. Honorable Bankruptcy Judge Erik P. Kimball handles the case. The Debtor is represented by Julianne Frank, PA. BETTERWORK MEDIA: Gets Final OK to Use Cash Collateral ------------------------------------------------------ Betterwork Media Group, LLC received final approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral solely in accordance with an approved operating budget. The Debtor may exceed a specific budget category by up to 15%, provided sufficient cash collateral is available. Additionally, the Debtor may make non-budgeted expenditures if secured creditors OnDeck Capital and HCMA, Inc. provide written consent, with advance notice given to the Subchapter V Trustee and the U.S. Trustee. OnDeck and HCMA, the Debtor's main secured creditors, hold liens on the Debtor's accounts receivable and substantially all assets, including an interest in the cash collateral. As adequate protection, both creditors will be granted replacement liens on the Debtor's assets on which they had properly perfected pre-petition liens. The replacement liens are subject to any senior lien approved by the court in the future; any valid pre-petition lien senior to the creditors' liens as of the petition date; and the amount of the Debtor's professionals' fees and disbursements accrued as of the date of the termination of the use of cash collateral after application of any pre-petition retainer. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/Z6i6f from PacerMonitor.com. Betterwork Media Group operates media brands serving executive-level learning and talent management communities, generating revenue through content, events, webinars, research, and digital media. It is currently experiencing cash flow constraints, operating losses, and creditor pressure, which prompted the bankruptcy filing. About Betterwork Media Group LLC Betterwork Media Group LLC, based in Chicago, Illinois, operates a media platform serving corporate learning and talent-management professionals. Founded in 2021, Betterwork Media Group manages Chief Learning Officer and Chief Talent Officer, producing editorial content, research, events, webinars, digital media and awards programs. It also provides advertising and event-related services for C-suite executives, senior practitioners, scholars, consultants, solutions providers and organizations seeking to reach workforce learning and human-capital management audiences. Betterwork Media Group filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-08411) on May 14, 2026, with $33,976 in assets and $1,028,970 in liabilities. Lauren Lynch, authorized representative, signed the petition. Judge Deborah L. Thorne oversees the case. Jeffrey C. Dan, Esq., at Goldstein & McClintock, LLLP, represents the Debtor as legal counsel. Ira Bodenstein serves as Subchapter V trustee for the Debtor. BEYOND AIR: Posts $34.33MM Net Loss in FY2025; Warns of Cash Crunch ------------------------------------------------------------------- Beyond Air, Inc. filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the fiscal year ended March 31, 2026, reporting a net loss of $34.33 million, compared to a net loss of $48.48 million for the year ended March 31, 2025. Total revenues for the year ended March 31, 2026, was $7.68 million compared to $3.71 million in the prior period. Going Concern, Liquidity and Other Uncertainties East Brunswick, New Jersey-based WithumSmith+Brown, PC, the Company's auditor since 2024, issued a "going concern" qualification in its report June 26, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has suffered recurring losses from operations, has experienced negative cash flows from operating activities since inception, and has an accumulated deficit that raise substantial doubt about its ability to continue as a going concern. The Company used cash in operating activities of $18.1 million for the year ended March 31, 2026, and has an accumulated deficit attributable to the stockholders of Beyond Air, Inc. of $319.6 million. The Company had cash, cash equivalents and marketable securities of $11.6 million as of March 31, 2026. In addition, $3.4 million of cash is held on deposit by the Company's contract manufacturer to be applied against future purchases. The Company expects to incur net losses and have significant cash outflows for at least the next year, including making significant investments in research and development. Management believes these factors raise substantial doubt about the Company's ability to meet its obligations with cash on hand and concluded that the Company will require additional funding within one year from the date these consolidated financial statements are issued. Management is confident that the efforts to arrange financing, while not assured, will enable the Company to meet its obligations. The Company's future capital needs and the adequacy of its available funds will depend on many factors, including, but not necessarily limited to, the success and costs of commercialization of the Company's approved product and the actual cost and time necessary for current and anticipated preclinical studies, clinical trials and other actions needed to obtain certification or regulatory approval of the Company's product candidates. Management Comments "Fiscal 2026 was a year of meaningful transition for Beyond Air, marked by significant progress in strengthening the foundation of our LungFit PH commercial program," said Robert Goodman, Chief Executive Officer of Beyond Air. "Since being appointed CEO, I have focused on sharpening our commercial execution while aligning our R&D efforts and operating resources with the opportunities we believe can create the greatest shareholder value. Our fiscal 2026 performance, including the 107% revenue growth, strong customer retention of over 90% and new hospital customer wins, reflect that focus and positions us for what we believe could be an important inflection point for the business." "We are encouraged by the market interest in the second-generation LungFit PH system, which is currently under FDA review," continued Mr. Goodman. "Subject to FDA approval, the system is designed to provide a smaller footprint, reduced weight, simplified operation, longer service intervals and expanded operational flexibility. The PMA supplement seeks expanded FDA labeling that would permit use during patient transport by air and ground. If approved, we believe the addressable market opportunity for the LungFit platform could increase by 4X in the United States to approximately $400 million, and to more than $1 billion worldwide," concluded Mr. Goodman. Financial Guidance for Full Calendar Years 2026 and 2027 The Company announced revenue guidance of $8 million for calendar year 2026, representing 15% growth compared with calendar year 2025. For calendar year 2027, the Company announced revenue guidance of $16-$18 million, representing more than 110% year-over-year growth at the midpoint compared with 2026 guidance and including the commercial launch of the second-generation LungFit PH system. With expanding market access, growing customer adoption, international expansion and a significantly larger addressable market pending the commercial launch of the second-generation LungFit PH, the Company believes it is entering an important new phase of commercial execution and a potential inflection point for revenue growth. A full text copy of the Company's Form 10-K is available at https://tinyurl.com/5afbb4uy About Beyond Air Beyond Air -- www.beyondair.net -- is a commercial-stage medical device and biopharmaceutical company dedicated to harnessing the power of endogenous and exogenous nitric oxide (NO) to improve the lives of patients suffering from respiratory illnesses, neurological disorders, and solid tumors. The Company has received FDA approval and CE Mark for its first system, LungFit PH, for the treatment of term and near-term neonates with hypoxic respiratory failure. As of March 31, 2026, the Company had $35.39 million in total assets, $29.18 million in total liabilities, and $6.21 million in total stockholders' equity. BLESS YOUR HEART: Hires Barrett Cooper Accounting as Accountant --------------------------------------------------------------- Bless Your Heart, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire Barrett Cooper Accounting, P.C. as accountant. Barrett Cooper will perform various financial and other professional services including but not limited to preparing any necessary federal and state income, payroll, sales, franchise, and excise tax returns. The fixed monthly fee for services provided is $840. Barrett Cooper represents no interest adverse to Debtor or the estate in the matters upon which it is to be engaged, according to court filings. The firm can be reached through: Shirley J. Bennett, CPA Barrett Cooper Accounting, P.C. 204 Mill St Schertz, TX 78154 Phone: (210) 659-6677 About Bless Your Heart LLC Bless Your Heart, LLC in San Antonio, Texas, sought relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Texas Case No. 26-51404) on May 27, 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 Aubrey L Thomas oversees the case. Robert C. Lane, Esq., at The Lane Law Firm, PLLC is Debtor's bankruptcy counsel. BLIZE HEALTHCARE: No Patient Care Complaints, 2nd PCO Report Says ----------------------------------------------------------------- Tamar Terzian, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of California her second report regarding the quality of patient care provided by Blize Healthcare California Inc. The PCO observed the Registered Nurses ("RNs") at the patients' home or facility of care. The PCO's observation of the RN and Licensed Vocational Nurse ("LVN") in charge was positive as they are fully trained by the Debtor to assure the patients are safe and have the proper medication or medical equipment based on each patient's needs. In addition, the LVN is trained for emergency issues and assist the families in the daily care of the patients. Through the efforts of the LVN patient remains in stable and improve in their condition with the daily therapy received. Ms. Terzian noted that the Debtor has received no complaints from any patient or with respect to the caregivers. The PCO has received no complaints from the various patients visited for this interim report. The families of the patient had no complaints with the level of care provided by the LVN. The PCO finds that all care provided to the patients by the Debtor is well within the standard of care during this interim period. The PCO will terminate its services effective June 15, 2026. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=qNNv0E from PacerMonitor.com. The ombudsman may be reached at: Tamar Terzian Terzian Law Group, APC 1122 E Green St, # 200, Pasadena, CA 91106-2500 Phone: (818) 242-1100 Email: tamar@terzlaw.com About Blize Healthcare California Inc. Blize Healthcare California, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-42377) on December 18, 2025, listing between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. The petition was signed by Ukeje Elendu as chief executive officer. The Debtor is represented by Michael Jay Berger, Esq., at the Law Offices of Michael Jay Berger. BLUE CLOUDS: 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 Blue Clouds Health Care Incorporated to use cash collateral. The order authorized the Debtor to use cash collateral, including accounts receivable and insurance receivable proceeds, in accordance with its approved post-petition operating budget, which provides for monthly cash outflows of $69,367.31. Funds may be used for ordinary business expenses such as payroll, contractors, rent, utilities, taxes, employee benefits, equipment payments, professional fees, and a Subchapter V administrative reserve. A copy of the Debtor's budget is available at https://shorturl.at/HTIMe from PacerMonitor.com. As adequate protection, the court granted replacement liens on the Debtor's post-petition accounts receivable, cash, and proceeds to secured creditors holding valid, perfected, enforceable, and non-avoidable pre-petition liens, but only to the extent of any diminution in the value of their collateral. The order reserves all parties' rights to challenge the validity, priority, extent, perfection, enforceability, or amount of any asserted lien or claim. The court also directed secured creditors, merchant cash advance lenders, payment processors, insurance payors, and other entities to immediately stop diverting, garnishing, sweeping, or collecting the Debtor's post-petition receivables and to turn over estate property under the Bankruptcy Code. Insurance companies and claims processors were ordered to remit all post-petition payments directly to the debtor-in-possession account. About Blue Clouds Health Care Inc. Blue Clouds Health Care Incorporated, doing business as Treat Now Family Clinic and Treat Now Family Clinic and Psychiatry, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-42540) on June 8, 2026. In the petition signed by Catherine O'Connor, president, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Edward L. Morris oversees the case. Clayton L. Everett, Esq., at Norred Law, PLLC, represents the Debtor as legal counsel. BNC SPECIAL: Hires Sheehan & Ramsey PLLC as Bankruptcy Counsel -------------------------------------------------------------- BNC Special Acquisitions, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Mississippi to hire Sheehan & Ramsey, PLLC as attorneys. The firm will provide these services: (a) consult with the Subchapter V Trustee and any appointed committee concerning the administration of the Debtors' Chapter 11 cases; (b) investigate the acts, conduct, assets, liabilities, and financial condition of the Debtors and other matters relevant to the cases; (c) formulate a Chapter 11 plan; and (d) prepare legal papers and reports necessary in the bankruptcy cases; (e) attend all hearings and trials concerning the Debtor or the estate; and (f) initiate adversary proceedings as deemed necessary for successful reorganization. The firm will be paid at these rates: Patrick A. Sheehan $400 per hour Associate Attorneys $300 per hour Paralegals $150 per hour In addition, the firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Patrick Sheehan, Esq., a partner at Sheehan & Ramsey, disclosed in a court filing that his firm is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The firm can be reached through: Patrick A. Sheehan, Esq. SHEEHAN & RAMSEY, PLLC 492 Porter Avenue Ocean Springs, MS 39564 Tel: (228) 875-0572 Fax: (228) 875-0895 Email: Pat@sheehanramsey.com About BNC Special Acquisitions, LLC BNC Special Acquisitions, LLC is a real estate holding company whose primary asset is tied to Hidden Oak Apartments, a 36-unit multifamily property at 1515 First Avenue in Jackson, Mississippi. BNC Special Acquisitions, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Miss. Case No. 26-50980) on June 16, 2026, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Brian M. Cronin as manager. Judge Katharine M Samson presides over the case. Patrick Sheehan, Esq. at SHEEHAN AND RAMSEY, PLLC serves as the Debtor's counsel. BRIGHTLINE TRAIN: No Plan as Debt Deadline Draws Near ----------------------------------------------------- Eliza Ronalds-Hannon, Martin Z. Braun, and Reshmi Basu of Bloomberg New report that Brightline is approaching a financial crossroads as the private Florida railroad prepares to tap the last of its reserve funds to satisfy a July 1 bond payment and temporarily avoid default. The debt payment has become a focal point for investors and lenders anticipating a broader restructuring of the heavily leveraged company. At least three separate groups representing municipal and corporate bondholders are seeking to lead the restructuring by supplying financing for a potential bankruptcy case. However, negotiations have remained deadlocked, with rival creditor factions unable to agree on governance, financing terms, or control of the restructuring process, the report relays. The continuing stalemate leaves Brightline without an agreed restructuring framework as its financial flexibility rapidly diminishes. Unless creditors bridge their differences, the company could soon be forced into a Chapter 11 filing where competing financing proposals would likely be presented to the bankruptcy court, the report states. Brightline has invested heavily in expanding passenger rail service throughout Florida, financing much of that growth with debt. As liquidity tightens and lenders compete for influence, the railroad's next steps will have significant implications for bondholders, operations, and the future ownership of the business, according to Bloomberg. About Brightline Train Florida Brightline offers high-speed rail between Miami, Fort Lauderdale, and Orlando. BROADWAY LEARNING: Gets OK to Use Cash Collateral ------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas granted Broadway Learning Center, LLC authorization to continue using cash collateral. The court approved the Debtor's use of cash collateral for ordinary-course business expenses in accordance with the budget, enabling the childcare business to continue operating during the bankruptcy proceedings. The Debtor projects total monthly operational expenses of $100,825.00. As adequate protection, the U.S. Small Business Administration, Celtic Bank, and the Brazoria County Tax Assessor retain the same liens, encumbrances, and security interests in post-petition cash collateral and its proceeds as they held before the bankruptcy filing. The Debtor must also maintain insurance coverage on all collateral, provide insurance policies to the lenders upon request, and keep the collateral free of additional post-petition liens, except for certain accrued but unpaid tax claims or financing later authorized under section 364 of the Bankruptcy Code. The order establishes a carveout that gives priority over the lenders' adequate protection liens for certain administrative expenses, including fees owed to the Bankruptcy Court Clerk, the U.S. Trustee, any Chapter 7 trustee (up to $15,000), the Subchapter V trustee, and court-approved fees and expenses of the Debtor's counsel. The carve-out does not create a claim against the lenders or a lien on the Debtor's real or tangible personal property. The order preserves all rights of the lenders under their loan documents, applicable non-bankruptcy law, and the Bankruptcy Code. As an additional operating condition, the Debtor must maintain a combined cash, deposit, and accounts receivable balance (less than 60 days outstanding) of at least $21,000 throughout the period of authorized cash collateral use. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/JcQHt from PacerMonitor.com. About Broadway Learning Center, LLC Broadway Learning Center, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-33621) with $10,000,001 to $50 million in assets and $10,000,001 to $50 million in laibilities. The petition was signed by Nathan Cole as authorized agent. Judge Hon. Jeffrey P Norman oversees the case. The Debtor is represented by: Thomas H Riske Carmody Macdonald P.C. Tel: 314-854-8600 Email: thr@carmodymacdonald.com BUSTER SJE: Unsecureds to Get $500 per Month over 5 Years --------------------------------------------------------- Buster SJE, Inc. filed with the U.S. Bankruptcy Court for the Northern District of Texas a Plan of Reorganization dated June 23, 2026. The Debtor, doing business as Spectra Property Services (and formerly doing business as Trident Pest Control and Cowtown Custom Coatings), is a Texas-based small business engaged in property services and related trades. Its operations rely on a fleet of trucks and trailers and various pieces of powered equipment used in the field. The primary cause for the filing of this bankruptcy case was a lack of cash flow. The Plan provides for a reorganization and restructuring of the Debtor's financial obligations. The Plan provides for a distribution to Creditors in accordance with the terms of the Plan from the Debtor over the course of five years from the Debtor's continued business operations. Class 3 consists of Non-priority unsecured claims. Each holder of an Allowed Unsecured Claim in Class 3 shall be paid by Reorganized Debtor from an unsecured creditor pool, which pool shall be funded at the rate of $500.00 per month commencing the first full month after the effective date. Payments from unsecured creditor pool shall be paid quarterly for a period not to exceed five years (20 quarterly payments) and the first quarterly payment will be due on the twentieth day of each complete post-petition quarter. The Debtor estimates the aggregate of all Allowed Class 3 Claims is less than $3,150,000 based upon the Debtor's review of the Court's claim register, the Debtor's bankruptcy schedules, and anticipated deficiency and Claim objections. The Debtor proposes to implement and consummate this Plan through the means contemplated by Sections 1123 and 1145(a) of the Bankruptcy Code. On the Effective Date, if the Plan is confirmed pursuant to Section 1191(a) of the Bankruptcy Code, title to all assets, claims, Causes of Action, properties, and business operations of the Debtor and of the Estate shall vest and/or revest in the Reorganized Debtor. Thereafter, each Reorganized Debtor shall own and retain such assets free and clear of all liens and Claims, except as expressly provided in this Plan. A full-text copy of the Plan of Reorganization dated June 23, 2026 is available at https://urlcurt.com/u?l=P9K0hb from PacerMonitor.com at no charge. Counsel to the Debtor: Robert T. DeMarco, Esq. Michael S. Mitchell, Esq. DeMarco·Mitchell, PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Telephone: (972) 991-5591 Facsimile: (972) 346-6791 E-mail: robert@demarcomitchell.com mike@demarcomitchell.com About Buster SJE Inc. Buster SJE, Inc. provides property inspection, maintenance and pest control services, and operates an industrial coatings business, including powder coating, in Mansfield, Texas. The company uses a fleet of service vehicles and heavy equipment to carry out field operations and surface treatment work for residential and commercial clients. Buster SJE sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-41259) on March 23, 2026, listing $715,619 in assets and $3,773,229 in liabilities. Eric Evans, company owner, signed the petition. Judge Edward L. Morris oversees the case. Robert T. DeMarco, Esq., at DeMarco Mitchell, PLLC, represents the Debtor as legal counsel. BUTTERFLY BEACH: Taps Houlihan/Lawrence Inc. as Real Estate Broker ------------------------------------------------------------------ Butterfly Beach House, LLC, seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Houlihan/Lawrence Inc. as its real estate broker. The broker for the marketing and sale of the real property located at 21 Point Road, Norwalk, Connecticut 06854. The firm's services include: a. advertising and marketing the Debtor's property located at 21 Point Road, Norwalk, Connecticut 06854; b. analyzing and making recommendations regarding purchase offers for the Property; c. providing assistance with negotiations regarding the sale of the Property; d. assisting with the consummation of the sale of the Property; and e. rendering such other assistance as the Debtor may deem necessary in connection with the sale of the Property. The firm will be paid as follows: -- if the Property is sold pursuant to an agreement with a buyer, and no real estate agent other than Janine Tienken at Houlihan is involved, the commission payable to Houlihan will be 2.5% of the total sale price; -- if the purchaser is represented by a broker other than Ms. Tienken at Houlihan (Outside Broker), which may include any other Houlihan broker, the commission shall be 4.5% of the total sale price, to be paid: 2% to the Outside Broker, and 2.5% to Houlihan. Janine Tienken, a real estate broker employed by Houlihan, assured the court that the firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Janine Tienken Houlihan/Lawrence Inc. 780 Boston Post Road Darien, CT 06820 Phone: (203) 246-7518 About Butterfly Beach House, LLC Butterfly Beach House, LLC is a real estate holding and hospitality-related entity associated with property development and asset management operations. The company is engaged in managing and operating real estate assets within the hospitality sector. Butterfly Beach House, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10862) on April 16, 2026. In its petition, the debtor reports estimated assets between $1,000,000 and $10,000,000 and estimated liabilities in the same range. Honorable Bankruptcy Judge Michael E. Wiles handles the case. The debtor is represented by Brian F. Moore, Esq. of Togut, Segal & Segal LLP. CAMP MYSTIC: Uses Chapter 11 to Address Wrongful Death Claims ------------------------------------------------------------- Steven Church and Jonathan Randles of Bloomberg News report that the operators of Camp Mystic told a bankruptcy judge that their Chapter 11 filing is aimed at resolving the numerous wrongful death claims arising from the July 2025 flash floods that killed 28 people. Attorney Martin Sosland said the camp acknowledges the profound losses suffered by the victims' families and intends to use the bankruptcy process to treat all claimants fairly. Counsel for about two dozen families, Jason Brookner, urged the court to ensure that the Chapter 11 case does not diminish the families' ability to seek justice. He argued that the reorganization should proceed in a manner that protects claimants' rights while allowing them to continue pursuing their allegations against the camp, the report cites. The family-owned camp filed for Chapter 11 in the Southern District of Texas after lawsuits and investigations followed the deadly flooding along the Guadalupe River. The bankruptcy filing is expected to consolidate the litigation as the camp addresses substantial liabilities and negotiates with creditors and wrongful death claimants, according to Bloomberg. About Camp Mystic Camp Mystic is a Texas-based girls' summer camp that has operated since 1926 in Hunt. The organization offers a variety of youth development programs, including sports, arts, outdoor adventures, and leadership activities, with a mission centered on personal growth, character building, and Christian values. Camp Mystic sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90621) on June 24, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million, while liabilities are projected to range from $10 million to $50 million. Honorable Bankruptcy Judge Christopher M. Lopez handles the case. The Debtor is represented by Martin A. Sosland, Esq. of Vartabedian Katz Hester & Haynes LLP. CAMPBELL REALTY: Unsecureds to Recover 100% of Claims in Plan ------------------------------------------------------------- Campbell Realty Investment Group, LLC filed with the U.S. Bankruptcy Court for the Eastern District of Louisiana a Combined Disclosure Statement and Plan of Reorganization dated June 23, 2026. Campbell is a Louisiana limited liability company. Its sole member and manager is Stanley Campbell. Campbell owns and operates four apartment complexes in Hammond, LA, one apartment complex in Houma, LA, and nine single family units in Southeast Louisiana. The Debtor sought bankruptcy protection because of, among other things, First Guaranty Bank commenced foreclosure proceedings against Deluxe Lake, Heatherwood, and Lakeview in Tangipahoa Parish, LA. Thus, the commencement of the Chapter 11 Case was intended to preserve the substantial equity in the Debtor's real estate. Notwithstanding First Guaranty Bank's foreclosures, the Debtor had (and still maintains) good relations with First Guaranty Bank. The Debtor's pre-petition financial issues were driven, in large part, by Hurricane Ida. Several of the Debtor's properties, especially Ochosi Oaks, were damaged by Hurricane Ida. In addition to rebuilding expenses, increased insurance costs placed a strain on the Debtor's finances. Prior to the Petition Date, the Debtor attempted to refinance its secured debt by retaining LMF Commercial. Although the Debtor paid LMF Commercial some $65,000 for advisory services, LMF Commercial did not deliver any financing and abruptly left the Debtor. Class 5 consists of the Allowed Non-Insider General Unsecured Claims. In full satisfaction, settlement, release, and discharge of and in exchange for such Allowed Claims, holders of Allowed Non-Insider General Unsecured Claims shall receive a cash payment equal to the Allowed amount of such Claims on the Initial Distribution Date. Class 5 is Unimpaired under the Plan. The allowed unsecured claims total $2,940.34. This Class will receive a distribution of 100% of their allowed claims. Class 6 consists of Allowed Insider General Unsecured Claims. Holders of Allowed Insider General Unsecured Claims shall be paid after the payment in full of all Allowed Secured Claims. This Class is Impaired. The allowed unsecured claims total $530,000. This Class will receive a distribution of 100% of their allowed claims. Class 7 consists of holders of Interests in the Debtor. Holders of Allowed Interests shall retain their Interests in the Debtor. On and after the Effective Date, Reorganized Debtor shall retain and continue operating its five apartment complexes and nine single-family homes and shall use rents and revenues generated from such properties to make the monthly post-confirmation payments required under the Plan. Unless otherwise provided herein with respect to a particular secured creditor, the Debtor shall make interest-only payments to each secured creditor for a period of twenty-three months following the Effective Date at a fixed interest rate of 6.0% per annum, which rate represents the applicable two-year treasury rate plus a risk premium of 2.0%, with the remaining balance of such creditor's Allowed Secured Claim becoming due and payable in full on the twenty-fourth month after the Effective Date (the "Maturity Date"). During such period, the Debtor shall use commercially reasonable efforts to refinance some or all of the Properties in order to satisfy the balloon payments due to secured creditors under the Plan. If the Debtor is unable to refinance a secured creditor's collateral and satisfy the applicable balloon payment on or before the Maturity Date, then the affected secured creditor may, in its sole discretion, elect one of the following remedies: * require the Debtor to market and sell the creditor's collateral pursuant to commercially reasonable terms acceptable to the creditor, with the net proceeds of such sale to be paid to such creditor until its Allowed Secured Claim is satisfied in full; or * seek relief from the automatic stay, or confirmation injunction if applicable, from the Bankruptcy Court for the purpose of exercising its rights and remedies against its collateral under applicable non-bankruptcy law, including foreclosure proceedings in state court. A full-text copy of the Combined Disclosure Statement and Plan dated June 23, 2026 is available at https://urlcurt.com/u?l=CnYhUG from PacerMonitor.com at no charge. Campbell Realty Investment Group LLC is represented by: Ryan J. Richard, Esq. Sternberg, Naccari & White, LLC 450 Laurel Street, Suite 1450 Baton Rouge, LA 70801 Telephone: (225) 412-3667 Facsimile: (225) 286-3046 E-mail: ryan@snw.law About Campbell Realty Investment Group Campbell Realty Investment Group, LLC, owns and operates four apartment complexes in Hammond, LA, one apartment complex in Houma, LA, and nine single family units in Southeast Louisiana. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. La. Case No. 25-12356) on Oct. 20, 2025, listing up to $10 million in both assets and liabilities. Judge Meredith S. Grabill presides over the case. Ryan J. Richard, at Sternberg, Naccari & White, LLC, is serving as the Debtor's counsel. CANOO INC: Former Execs Settle Investor Suit for $20MM ------------------------------------------------------ Gillian R. Brassil of Bloomberg Law reports that a proposed $20 million settlement has been reached in a long-running investor lawsuit accusing former Canoo Inc. executives of misleading shareholders about the electric vehicle startup's financial condition and business plans during its 2020 SPAC merger. The agreement was presented Tuesday to a federal judge in California for preliminary approval. Under the settlement, insurance carriers for former CEO Ulrich Kranz and former Chief Financial Officer Paul Balciunas will fund the payment. Investors alleged that Canoo executives, including former CEO Tony Aquila, made inaccurate or misleading statements about the company's strategy, production capabilities, expected revenues, and liquidity before and after the company became publicly traded. The lawsuit contended that Canoo abandoned key aspects of the business model promoted during its merger with the blank-check company while failing to fully inform investors of the shift. The resulting disclosures allegedly contributed to substantial declines in the company's share price and investor losses. Although the defendants denied liability, they agreed to resolve the dispute through settlement, the report states. If approved, the settlement would end more than five years of securities litigation related to Canoo's SPAC transaction. The agreement also comes after the company's bankruptcy, bringing closure to one of the major legal disputes arising from the EV maker's failed expansion, according to report. About Canoo Inc. Torrance, California-based Canoo Inc. -- http://www.canoo.com/-- is a high tech advanced mobility technology company with a proprietary modular electric vehicle platform and connected services initially focused on commercial fleet, government and military customers. The Company has developed a breakthrough EV platform that it believes will enable it to rapidly innovate, iterate and bring new products, addressing multiple use cases, to market faster than its competition and at lower cost. Canoo Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-10094) on January 17, 2025. Honorable Bankruptcy Judge Brendan Linehan Shannon handles the case. The Debtor is represented by Robert Alan Weber, Esq. at Chipman Brown Cicero & Cole, LLP. CATHETER PRECISION: Acquires 7.5% Stake in Volato Group ------------------------------------------------------- Catheter Precision, Inc., disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of June 18, 2026, it acquired and beneficially owns 2,941,176 shares of common stock -- acquired pursuant to a Securities Purchase Agreement, dated as of June 7, 2026, by and between the Issuer and the Reporting Person, with the closing of the purchase occurring on June 18, 2026, and consisting of 2,941,176 shares with sole voting and sole dispositive power -- of Volato Group, Inc.'s Common Stock, par value $0.0001 per share, representing 7.5% of the 39,336,982 shares of common stock outstanding after giving effect to the issuance of the Shares sold in the private placement of which the Reporting Person's purchase was a part, as stated in the Issuer's Form S-3 Registration Statement filed with the Securities and Exchange Commission on June 18, 2026. Catheter Precision, Inc. may be reached through: Phillip Anderson, Chief Financial Officer 1670 Highway 160 West, Suite 205 Fort Mill, SC 29708 Tel: 973-691-2000 A full-text copy of Catheter Precision, Inc.'s SEC report is available at https://tinyurl.com/53kms3t3 About Catheter Precision Inc. Headquartered in the U.S., Catheter Precision, Inc. is a medical device company focused on improving the treatment of cardiac arrhythmias. The Company, which was reincorporated as Ra Medical Systems, Inc. in Delaware in 2018 and changed its name to Catheter Precision, Inc. on August 17, 2023, develops technology for electrophysiology procedures through collaborations with physicians and continuous product advancements. As of March 31, 2026, the Company had $35.1 million in total assets, $25.9 million in total liabilities, and $9.2 million in total stockholders' equity. East Brunswick, New Jersey-based WithumSmith+Brown, PC, the Company's auditor since 2023, 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 suffered recurring losses from operations, has experienced negative cash flows from operations, and has an accumulated deficit, which raises substantial doubt about its ability to continue as a going concern. CCH JOHN EAGAN: Committee Taps Cullen and Dykman as Legal Counsel ----------------------------------------------------------------- The official committee of unsecured creditors of CCH John Eagan I Homes, L.P. and its affiliate seek approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Cullen and Dykman LLP as its counsel. The firm will render these services: (a) review financial and operational information furnished by the Debtors to the Committee; (b) assist in any efforts to sell assets of the Debtors in a manner that maximizes value for creditors; (c) investigate any and all estate causes of action for, among other things, possible fraudulent conveyances and other claims; (d) conduct discovery, as may be appropriate, regarding the Debtors and their financial affairs; (e) analyze any proposed chapter 11 disclosure statement and plan; (f) confer with the Debtors' counsel and financial advisors; (g) continue the analysis of the Debtors' schedules, statements of financial affairs and business plan; (h) advise the Committee regarding the ramifications of the Debtors' activities and motions before this Court; (i) file appropriate pleadings on behalf of the Committee; (j) review and analyze the work product of any legal, financial, or other professional retained by the Debtors and report to the Committee; (k) provide the Committee with legal advice regarding the chapter 11 cases; (l) prepare various applications and memoranda of law for submission to the Court for consideration; and (m) perform such other legal services for the Committee as may be necessary or proper in these proceedings. The firm will charge these rates: Partners $430 to $870 per hour Counsel $445 to $840 per hour Associates $265 to $550 per hour Paralegals $110 to $275 per hour Michael H. Traison, Partner $850 per hour Michelle McMahon, Partner $835 per hour Kyriaki Christodoulou, Associate $550 per hour The following is provided in response to the request for additional information set forth in Paragraph D.1. of the UST Guidelines: Question: Did C&D agree to any variations from, or alternatives to, C&D's standard billing arrangements for this engagement? Response: No. C&D and the Committee have not agreed to any variations from, or alternatives to, C&D's standard billing arrangements for this engagement. Question: Do any of C&D's professionals included in this engagement vary their rate based on the geographic location of the Debtors' chapter 11 cases? Response: No. The hourly rates used by C&D in representing the Committee are consistent with the rates that C&D generally charges other comparable chapter 11 clients - or any other clients for that matter regardless of the location of the chapter 11 case or any such other matters. Question: If C&D has represented the Committee in the 12 months prepetition, disclose C&D's billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If C&D's billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Response: C&D has not represented the Committee in the 12 months prepetition. Question: Has the Committee approved C&D's budget and staffing plan for C&D, and, if so, for what budget period? Response: The Committee and C&D expect shortly to develop a prospective budget and staffing plan to the extent required by the UST Guidelines. C&D will use reasonable efforts to comply with the UST Guidelines. Cullen and Dykman LLP is a "disinterested person" within the meaning of Section 101(14) and 327(a) of the Bankruptcy Code, according to court filings. The firm can be reached through: Michael H. Traison, Esq. Michelle McMahon, Esq. Kyriaki Christodoulou, Esq. CULLEN AND DYKMAN LLP 375 S. County Road, Suite 210 Palm Beach, FL 33480 - and - One Battery Park Plaza, 34th Floor New York, NY 10004 Tel: (212) 732-2000 Email: mtraison@cullenllp.com mmcmahon@cullenllp.com kchristodoulou@cullenllp.com About CCH John Eagan I Homes, L.P. CCH John Eagan I Homes, L.P. is a limited partnership specializing in real estate holdings, focused on property ownership and development activities. CCH John Eagan I Homes, L.P. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-24569) on December 10, 2025. In its petition, the debtor reports estimated assets ranging from $10 million to $50 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Mindy A. Mora is overseeing the case. The debtor is represented by Philip J. Landau, Esq. of Landau Law, PLLC. The U.S. Trustee for Region 21 appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. CEDAR VALLEY: No Decline in Resident Care, 3rd PCO Report Says -------------------------------------------------------------- Nancy Pitra, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of Texas her third report regarding the quality of patient care provided by Cedar Valley Cypress TX, LLC and affiliates. On May 5, the Ombudsman Representative (OR) from the Office of the State Long-Term Care Ombudsman visited Cedar Valley Health & Rehab and met with 36 residents, administrator, nursing, and direct care, activities, housekeeping, admissions, and physical therapy staff. The OR received no complaints; residents reported satisfaction with their care; the administrator responded promptly to any OR concerns; staff appeared stable; and facility linen carts appear to be stocked, according to the report. The OR observed a safe, comfortable environment with adequate supplies, properly secured medications, and no decline in resident care since the previous visit. Since the appointment of the PCO, no significant changes in facility conditions or declines in resident care have been observed. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=Fa6QXi from PacerMonitor.com. The ombudsman may be reached at: Nancy Pitra, Esq. Office of the State Long-Term Care Ombudsman 47 Trinity Avenue S.W. Room 1136 Atlanta, Georgia 30334 Telephone: 404-657-5327(O) 404-416-0211 (Cell) Facsimile: 404-463-8384 Email: Nancy.Pitra@osltco.ga.gov About Cedar Valley Cypress TX LLC Cedar Valley Cypress TX LLC and affiliates form a network of for profit healthcare companies that own and manage skilled nursing and rehabilitation centers. The group oversees facilities such as Cedar Valley Nursing & Rehabilitation Center in Cedartown, Georgia, and operates through related entities providing administrative and clinical support. The companies share common ownership under the Cypress structure, which manages nursing home operations in Texas, New York, and Georgia. Cedar Valley Cypress TX sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-34017) on October 13, 2025. In its petition, the Debtor reported between $50,000 and $100,000 in both assets and liabilities. Judge Stacey G. Jernigan handles the case. The Debtor is represented by Jason S. Brookner, Esq., at Gray Reed. Melanie S. McNeil is the patient care ombudsman appointed in the Debtor's case. CENTURY FINANCIAL: Bank7 Corp. Bids for 71% Stake Via Receivership ------------------------------------------------------------------ Bank7 Corp., the parent company of Oklahoma City-based Bank7, announced on July 2, 2026, that it has entered into a definitive Stock Purchase Agreement to acquire an approximately 71% controlling ownership interest in Century Financial Services Corporation, the Santa Fe, New Mexico-based bank holding company for Century Bank. The shares to be acquired are being sold by a court-appointed receiver through a court-supervised sale process in the receivership proceeding captioned KS StateBank Corporation v. Peters, et al., pending in the U.S. District Court for the District of Arizona. Bank7 has agreed to serve as the "stalking horse" bidder, establishing the floor price and baseline terms for the sale. Consistent with a court-supervised sale, the agreement and the proposed transaction are subject to higher or otherwise better offers solicited through a competitive bidding and auction process, for which we have a matching right, as well as approval by the Court. Completion of the transaction is also subject to the receipt of all required bank regulatory approvals and the satisfaction of customary closing conditions. The transaction is expected to close in the third quarter. There can be no assurance that the transaction will be completed on the terms described, or at all. Founded in 1887, Century Bank operates nine branches across New Mexico, complemented by two loan production offices in Texas. As of March 31, 2026, Century Bank reported total assets of $1.35 billion, total deposits of $1.22 billion, and gross loans of $826 million. Upon completion, the transaction would create a combined Southwest banking organization with approximately $3.4 billion in total assets. The Company expects the acquisition to extend its footprint into an attractive and adjacent new market. "The Century team members have built a solid franchise through a trusted, relationship-driven banking model that has served New Mexico communities for generations. We look forward to working closely together to continue building on their work," said Thomas L. Travis, President and CEO of the Company. "This transaction extends our footprint into a neighboring Southwest market, represents a disciplined use of our excess capital, and positions the combined organization to deliver personalized, high-touch service to even more business owners and entrepreneurs -- all to the benefit of our customers, communities, and shareholders." Strategic Rationale Attractive market extension. The acquisition expands Bank7 into New Mexico, with a heavy focus on the Santa Fe market, a contiguous addition to its existing Oklahoma, Texas, and Kansas markets. Disciplined use of excess capital. The transaction deploys excess capital that Bank7 has accumulated over time into a franchise-enhancing acquisition, an enhancement the Company believes will generate stronger long-term returns than buybacks, dividends, or organic growth alone. Continuity for customers and communities. Should Bank7's effort be successful, the Century brand will be retained, and customers will continue working with their longtime bankers. Advisors Keefe, Bruyette & Woods, A Stifel Company, is serving as financial advisor to the Company. Nelson Mullins Riley & Scarborough LLP, is serving as legal counsel to the Company. About Bank7 Corp. Bank7 Corp. is a bank holding company headquartered in Oklahoma City, Oklahoma. Through its wholly-owned subsidiary, Bank7, it operates twelve locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. Bank7 Corp. is focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. CHARLES & COLVARD: Court OKs $2.7M Asset Sale to AJS Creations -------------------------------------------------------------- Charles & Colvard, Ltd. announced in a regulatory filing that it held an auction pursuant to the bidding procedures approved by the United States Bankruptcy Court for the Eastern District of North Carolina. At the conclusion of the Auction, the Company determined the bid submitted by AJS Creations, Inc. was the highest or otherwise best bid and designated AJS as the successful bidder for the Company's assets (except for the Excluded Assets, as listed on Schedule 1 to the AJS Purchase Agreement). The Company also determined that the bid submitted by Light & Star USA Inc. was the second highest or otherwise second-best bid and designated Light & Star as the back-up bidder. AJS Purchase Agreement On June 22, 2026, the Company and AJS entered into an Overbid Purchase Agreement, pursuant to which, subject to the terms and conditions set forth therein, AJS agreed to acquire specified assets related to the Company's business and assume certain liabilities, subject to the Bankruptcy Court's approval, for cash consideration of $2,700,000. On June 25, 2026, the Bankruptcy Court approved the AJS Purchase Agreement and the transactions contemplated therein. The AJS Purchase Agreement contains customary representations and warranties of the parties and is subject to a number of closing conditions, including, among others: (i) the accuracy of representations and warranties of the parties; (ii) the entry of an order approving the AJS Purchase Agreement and the transactions contemplated therein by the Bankruptcy Court; and (iii) compliance in all material respects with the obligations of the parties set forth in the AJS Purchase Agreement. The AJS Purchase Agreement may be terminated by AJS or the Company under certain circumstances, including, among others, if the AJS Transaction is not consummated by July 7, 2026 (subject to specified extensions), or upon the occurrence of certain Bankruptcy Court actions. Upon the consummation of the AJS Transaction, the JDP Purchase Agreement will terminate, and the Company will use a portion of the purchase price received from AJS to pay Van Lang Jewelry LLC a break-up fee of $45,000. Background On March 2, 2026, the Company filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Code in the Bankruptcy Court. The case is styled as In re Charles & Colvard, Ltd. On April 15, 2026, the Company finalized negotiations of an Asset Purchase Agreement with Van Lang Jewelry LLC or its affiliate Jewelry Design Partners LLC, pursuant to which, subject to the terms and conditions set forth therein, including approval of the Bankruptcy Court, JDP agreed to acquire the assets of the Company (except for the Excluded Assets) and assume certain liabilities, for consideration of $1,500,000 (subject to a credit bid and offset against all of the indebtedness owed to JDP under the Section 364 Financing Loan Agreement dated March 24, 2026, by and between the Company and JDP). A former member of the Company's Board of Directors, Duc Pham, who resigned from the Board on March 25, 2026, is a Manager of JDP. On April 29, 2026, the Bankruptcy Court entered an Order: (i) approving JDP as the "stalking horse" bidder with respect to the assets to be acquired under the JDP Purchase Agreement, (ii) approving the "stalking horse" bidder to credit bid all or any portion of the outstanding DIP Obligations under the DIP Facility as part of the purchase price, (iii) approving the credit bid provisions contemplated by the JDP Purchase Agreement, (iv) approving the stalking horse break-up fee and expense reimbursement as set forth in the JDP Purchase Agreement, and (v) approving the proposed bidding procedures. The Bankruptcy Court scheduled the final sale hearing for June 22, 2026, at 11:00 a.m. ET. On April 30, 2026, after approval of the Bankruptcy Court, the Company countersigned the JDP Purchase Agreement. A full text copy of the AJS Purchase Agreement is available at https://tinyurl.com/56ea9d27 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 reports estimated assets and liabilities between $1 million and $10 million each. Judge David M Warren oversees the case. The Debtor is represented by Rebecca Redwine Grow, Esq. and Jason L. Hendren, Esq. of Hendren Redwine & Malone, PLLC. CHOICE ELECTRIC: Dutkiewicz and Associates' Fee Application Denied ------------------------------------------------------------------ Judge Thomas B. McNamara of the U.S. Bankruptcy Court for the District of Colorado denied without prejudice the first interim application of Dutkiewicz and Associates, LLC for allowance of compensation as financial advisor for debtor Choice Electric, LLC. The Court finds that, in submitting the fee application, Dutkiewicz and Associates has not complied with L.B.R. 2016-1(a) and 11 U.S.C. Sec. 330. As a result, the firm has not provided sufficient information about the services provided to the estate for which it seeks compensation. Therefore, notwithstanding the lack of objection to the fee application, the Court denies the request for approval of the fees requested in the application without prejudice. A copy of the Court's Order dated June 24, 2026, is available at http://urlcurt.com/u?l=zUCD4ffrom Pacermonitor.com. About Choice Electric Choice Electric, LLC, established in 1985, is a full-service electrical contractor serving the Greater Denver area, including Lakewood, Aurora, Littleton, and Boulder, Colorado. The Company specializes in commercial and industrial projects, providing design and installation, system upgrades and tenant improvements, new construction wiring, and ongoing maintenance, while also offering custom electrical solutions for high-end residential homes. It serves a range of sectors, including commercial and office buildings, warehouses, entertainment venues, retail spaces, community facilities, airports, hangars, and municipal buildings. Choice Electric filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Colo. Case No. 25-17873) on Dec. 1, 2025, listing up to $10 million in both assets and liabilities. The petition was signed by Eric Berger as general manager. Judge Thomas B. McNamara presides over the case. The Debtor tapped Jeffrey A. Weinman, Esq., at Michael Best & Friedrich LLP as counsel. Dutkiewicz and Associates, LLC serves as the Debtor's financial advisor. CHRONOSCALE CORP: Applied Digital Reports 96.1% Stake ----------------------------------------------------- Applied Digital Corporation disclosed in a Schedule 13D (Amendment No. 1) filed with the U.S. Securities and Exchange Commission that as of June 26, 2026, it may be deemed to beneficially own 139,528,227 shares of Common Stock -- consisting of 1,311,407 shares held directly and 138,216,820 shares held indirectly through its wholly owned subsidiaries, all with sole voting and sole dispositive power -- of ChronoScale Corp's Common Stock, $0.001 par value per share, representing 96.1% of the 145,214,825 shares of Common Stock outstanding as of June 26, 2026. Applied Digital Corporation may be reached through: Wesley Cummins 2811 Turtle Creek Blvd., Suite 2100 Dallas, TX 75219 Tel: (214) 556-2465 A full-text copy of Applied Digital Corporation's SEC report is available at https://tinyurl.com/bdfr3m46 About ChronoScale Corp ChronoScale Corporation, formerly Ekso Bionics Holdings, Inc., designs, develops, and markets exoskeleton products. Its exoskeleton technology serves people with physical disabilities or impairments in both physical rehabilitation and mobility. The Company operates as one segment with two markets: Enterprise Health and Personal Health. San Francisco, Calif.-based WithumSmith+Brown PC, the Ekso Bionics' auditor since 2010, issued a 'going concern' qualification in its report dated February 23, 2026, attached to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, citing that the Company has an accumulated deficit at December 31, 2025 and, since inception, has suffered significant operating losses and negative cash flows from operations. The Company expects to generate operating losses and negative operating cash flows in the future and will require additional funding to support the Company's planned operations which raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $19.7 million in total assets, $13.9 million in total liabilities, $3.7 million in temporary equity and $2.1 million in total stockholders' equity. CHRONOSCALE CORP: Secures $100MM Credit Line From Applied Digital ----------------------------------------------------------------- ChronoScale Corporation announced in a regulatory filing that it entered into an unsecured Demand Grid Promissory Note with Applied Digital Corporation, a Nevada corporation, pursuant to which the Lender made a line of credit available to the Company in the maximum principal amount of $100,000,000 minus the dollar value of any credit support provided by the Lender or its affiliates to the Company and its affiliates. The Company plans to use the proceeds of any borrowings under the Note for working capital and general corporate purposes. To date, there have been no advances under the Note. The principal amount of the Note will be adjusted from time to time to reflect the amounts of any advances made to the Company by the Lender and/or any payments made to the Lender by the Company prior to the Lender's demand for payment in full of all amounts outstanding. Interest is payable on the unpaid principal amount of the Note at a rate equal to the short-term Applicable Federal Rate (as defined in Section 1274(d) of the Internal Revenue Code of 1986, as amended), compounded semiannually. The Company may prepay all or any portion of the Note, together with any accrued but unpaid interest thereon, at any time without penalty or premium. The Note is not convertible into shares of common stock, par value $0.001 per share, of the Company. As previously disclosed, APLD Intermediate HoldCo LLC, a Delaware limited liability company is a wholly-owned subsidiary of the Lender. APLD ChronoScale HoldCo LLC, a Delaware limited liability company is a wholly-owned subsidiary of APLD Intermediate. The Lender and the Contributor hold an aggregate of approximately 96% of the outstanding shares of Common Stock of the Company. Wes Cummins, Ella Benson, Douglas Miller and Richard Nottenburg each serve on the board of directors of the Company and on the board of directors of the Lender. Mr. Cummins also serves as the Chief Executive Officer of the Lender and is the Chairman of the Lender Board. The execution, delivery and performance of the Note were approved by the Related Party Committee of the Company Board, as well as the Related Party Committee of the Lender Board, each in accordance with the Related Party Policies of the Company and the Lender. A full text copy of the Note is available at https://tinyurl.com/yfbvpn6y About ChronoScale Corp ChronoScale Corporation, formerly Ekso Bionics Holdings, Inc., designs, develops, and markets exoskeleton products. Its exoskeleton technology serves people with physical disabilities or impairments in both physical rehabilitation and mobility. The Company operates as one segment with two markets: Enterprise Health and Personal Health. San Francisco, Calif.-based WithumSmith+Brown PC, the Ekso Bionics' auditor since 2010, issued a 'going concern' qualification in its report dated February 23, 2026, attached to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, citing that the Company has an accumulated deficit at December 31, 2025 and, since inception, has suffered significant operating losses and negative cash flows from operations. The Company expects to generate operating losses and negative operating cash flows in the future and will require additional funding to support the Company's planned operations which raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $19.7 million in total assets, $13.9 million in total liabilities, $3.7 million in temporary equity and $2.1 million in total stockholders' equity. CIMINO RE: Hires Daniel Reinganum PC as Bankruptcy Counsel ---------------------------------------------------------- Cimino RE Holdings, LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to retain Law Offices of Daniel Reinganum, PC to handle the bankruptcy proceedings. The firm will be paid at these hourly rates: Daniel Reinganum, Esq., Shareholder $425 Paraprofessionals $125 to $175 Administrative Professional $100 The firm will seek reimbursement of out-of-pocket expenses. Law Offices Of Daniel Reinganum, PC is a disinterested person under 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Daniel Reinganum, Esq. Law Offices of Daniel Reinganum, PC 615 White Horse Pike Haddon Heights, NJ 08052 Phone: (856) 548-5440 Email: Daniel@ReinganumLaw.com About Cimino RE Holdings, LLC Cimino RE Holdings, LLC is a limited liability company engaged in real estate holding and investment activities. Additional information regarding its operations was not disclosed in the bankruptcy petition. Cimino RE Holdings, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-17016) on June 17, 2026. In its petition, the debtor reported estimated assets of $990,000 and estimated liabilities of $1,746,244. Honorable Bankruptcy Judge Andrew B. Altenburg Jr. handles the case. The debtor is represented by Daniel L. Reinganum of Law Offices of Daniel Reinganum, PC. CLIFF STREET: Lender Sets July 13, 2026 Public Sale of Collateral ----------------------------------------------------------------- Pursuant to Section 9.610 of the Texas Business and Commerce Code (the Texas Uniform Commercial Code, the "UCC"), Naquata Properties, LLC, a Texas limited liability company, (herein "Lender"), through its counsel acting as its agent, Bourland, Wall & Wenzel, P.C. ("Agent"), on July 13, 2026 at 10:00 a.m. Central Daylight Time or such later date as provided below (the "Auction Date") will sell at public sale (the "Auction") the Collateral pledged by Jason McCallie ("Pledgor"), in accordance with the terms hereof, that certain Note Secured by Security Agreement dated January 1, 2020 executed by Pledgor (the "Note"), and that certain Security Agreement dated January 1, 2020 executed by Pledgor (the "Security Agreement") (the Note and the Security Agreement may be referred to collectively as the "Loan Documents"). To participate in the Auction, you must comply with the Participation Requirements below by July 8, 2026 (the "Bid Deadline"). Collateral description The Collateral to be sold at the Auction consists of all of Pledgor's right, title, and interest to the following (collectively, the "Collateral"): a. Pledgor's undivided 50% interest as a member in and to that certain limited liability company named CLIFF STREET APARTMENTS, LLC, a Texas limited liability company (the "Company"), described in the limited liability company agreement of the Company dated February 20, 2017, by the initial member of the Company, as amended or modified and in effect (the "Company Agreement"), together with all of Pledgor's other rights, title, and interest of every kind and character whatever in and to the Company and under the Company Agreement (the "Pledged Securities"); and b. all of Pledgor's share of profits, distributions, income, and surplus from the Company and Pledgor's interest in specific properties of the Company on dissolution or otherwise. The Company owns a multi-family apartment complex known as the Cliff Street Apartments located at 617 Cliff Street, Hillsboro, Texas 76645 (the "Real Property"). For the avoidance of doubt, the Real Property is not part of the Collateral and is not up for sale at the Auction. Lender has a first priority security interest in the Collateral pursuant to the Loan Documents. Pledgor is in default under the Loan Documents and Lender is entitled to exercise its rights under Article 9 of the UCC. Time, Date, and Manner of Sale The Auction will take place on July 13, 2026, at 10:00 a.m., Central Daylight Time, at the offices of Bourland, Wall & Wenzel, P.C., 301 Commerce Street, Suite 2500, Fort Worth, TX 76102, but all open bidding shall be conducted exclusively via video conference. Only Qualified Bidders (as defined below) and their representatives may attend. Video conference credentials will be supplied to Qualified Bidders. Participation Requirements In order to participate in the bidding process at the Auction and obtain admittance to the video conference, each person (a "Potential Bidder") must deliver to counsel to Lender via email at dgoodman@bwwlaw.com by the Bid Deadline: a. an executed confidentiality and non-disclosure agreement in form and substance satisfactory to Lender ("NDA") b. current financial statements of the Potential Bidder that will show sufficient assets to be able to close on a purchase of the Collateral or other evidence of the ability to purchase the Collateral reasonably satisfactory to Lender; c. an agreement by the Potential Bidder and the representatives of the Potential Bidder taking part in the Auction to being recorded. No representatives of the Potential Bidder may take part in the Auction without providing such agreement. Such agreement shall also designate a single individual authorized to speak on behalf of the Potential Bidder at the Auction; and d. such other information and other executed documents and agreements as the Lender may request in its discretion. A Potential Bidder that complies with the foregoing requirements and is approved by the Lender shall be deemed a qualified bidder (each, a "Qualified Bidder"). Lender shall also be deemed to be a Qualified Bidder. Information and Due Diligence: A Qualified Bidder will be permitted to perform due diligence by contacting the following representative of the Agent: David Goodman (dgoodman@bwwlaw.com). Lender will provide access to information regarding the Collateral to Qualified Bidders at the Lender's discretion. Each Potential Bidder that executes an NDA shall be deemed to acknowledge and represent that (i) it is bound by the Terms and Conditions of Sale in this Notice; (ii) it has had an opportunity to perform due diligence on the Collateral; (iii) it is not relying upon any written or oral statements, representations, or warranties of the Lender, or its staff, agents or attorneys; and (iv) all provided documents and reports have been provided solely for the convenience of interested parties and neither the Lender nor its staff, agents or attorneys, make any representations as to the accuracy or completeness of same. Qualified Bidders are solely responsible for performing their own due diligence to determine the nature, value, fitness for use, and status of the offered Collateral through independent investigation by themselves and their legal and financial advisors. Terms and Conditions of Sale The Collateral will be offered for sale to any Qualified Bidder in a single block to a single purchaser for cash only, without recourse against the Lender and subject to the disclaimer of representations and warranties set forth below. The Auction will be conducted by open bidding via video conference in accordance with this notice and with any additional bidding procedures that may be distributed by the Agent not less than one business day prior to the Auction Date. The Auction will be recorded. The Collateral shall be sold for cash at such price or prices and on such other commercially reasonable terms as Lender may determine; provided Lender may credit bid as set forth below. Lender reserves the right to establish a minimum bid or reserve price in its sole discretion. Higher bids will continue to be entertained until Lender has determined that it has received the highest or best bid for the Collateral in its reasonable discretion. Lender reserves the right to reject any and all bids. All bids must be made orally by a Qualified Bidder at the time of the Auction. Lender reserves the right to postpone or adjourn the Auction to a future date by giving notice thereof at the Auction without the necessity of prior or subsequent notice or published notice. The Pledged Securities are unregistered securities under the Securities Act of 1933 (the "1933 Act"). Because the Pledged Securities are unregistered under the 1933 Act they will be sold in bulk in one block. The sale of the Collateral will be conducted in compliance with federal and state securities laws, including without limitation: (i) each bidder's representation that he, she or it (a) is an "accredited investor" as defined in Regulation D under the Securities Act of 1933, as amended, or (b) (1) has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the risks and merits of the investment, and (2) has sufficient financial means to afford the risk of the investment, and (c) is acquiring the Collateral for investment purposes with no present view to a further distribution; and (ii) acknowledgement by the purchaser that the Collateral is a restricted security, the further transfer of which is restricted unless registered or exempt from registration under state and federal securities laws, and that any membership certificate representing the purchaser's interest in the Collateral will bear a legend substantially to such effect. THIS NOTICE DOES NOT CONSTITUTE AN OFFER TO SELL, NOR THE SOLICITATION OF AN OFFER TO BUY, THE PLEDGED SECURITIES TO OR FROM ANYONE IN ANY JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS NOT AUTHORIZED. Lender reserves the right to bid for and purchase the Collateral and to credit its bid and purchase price against the indebtedness secured by its security interests in the Collateral and all expenses of the sale as allowed by law, notwithstanding any requirement herein that the sale of the Collateral be for cash. Twenty-five percent (25%) of the purchase price must be paid at the time of the Auction by wire transfer of immediately available funds, or such other method accepted by Lender in its sole discretion. The remainder of the purchase price must be paid in full within two (2) business days of the Auction by a wire transfer of same day funds, or on such other terms as agreed by Lender in its sole discretion. Should the successful bidder fail to deliver either payment of the purchase price at the time required herein, the Lender reserves the right, in its sole discretion, to re-sell the Collateral and retain any amounts previously paid by the defaulting successful bidder, and any loss arising from such sale shall be the responsibility of the defaulting successful bidder. Qualified Bidders are advised to contact the Lender as indicated herein prior to attendance. The Collateral will be sold subject to any applicable federal tax liens, leases, prior security interests and liens, any prior encumbrances or charges, and all terms and restrictions of the Company Agreement. No Representations or Warranties by the Lender THE COLLATERAL WILL BE SOLD WITH ALL FAULTS, AS-IS, WITHOUT RECOURSE AGAINST LENDER, AND WITH NO EXPRESS OR IMPLIED REPRESENTATIONS OR WARRANTIES WITH RESPECT TO TITLE, USE, CONDITION, FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY, MARKETABILITY, OR OTHERWISE. LENDER MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE COLLATERAL, THE CONDITION OF THE COLLATERAL, THE TITLE TO THE COLLATERAL, THE EXISTENCE OR NATURE OF ANY LIENS OR ENCUMBRANCES, THE VALUE OF THE INTEREST OFFERED FOR SALE, AND EXPRESSLY DISCLAIMS ANY REPRESENTATIONS AND WARRANTIES OF MERCHANTABILITY, MARKETABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND OTHERWISE. Inquiries Persons who are interested in becoming a Qualified Bidder for the Collateral and desire more information concerning the Collateral or the Auction may contact Lender's counsel as follows: David J. Goodman dgoodman@bwwlaw.com Bourland, Wall & Wenzel, P.C 301 Commerce Street, Suite 2500 Fort Worth, TX 76102 (817) 877-1088 Accounting Pledgor is entitled to an accounting of the unpaid debt at no charge by contacting David Goodman, counsel for Lender, by e-mail at dgoodman@bwwlaw.com or by phone at (817) 877-1088. CMS DESIGN: Commences Subchapter V Bankruptcy in New York --------------------------------------------------------- On June 29, 2026, CMS Design Group Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York. According to the court filing, the Debtor reports estimated liabilities of $500,000 to $1 million and 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on July 29, 2026 at 01:00 PM at Zoom.us - USTrustee 7: Meeting ID 161 1242 4438, Passcode 8901234678, Phone 1 (202) 793-2740. Chapter 11 Small Business Subchapter V plan must be filed by September 28, 2026. About CMS Design Group Inc. CMS Design Group Inc. is a New York, New York-based fashion jewelry design and wholesale company serving the fashion jewelry industry. Historically, the company operated a 42,000-square-foot facility in Huntington, New York, and employed approximately 145 people as of May 2024. CMS Design Group Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11535) on June 29, 2026. In its petition, the Debtor reports estimated assets of $0 to $50,000 and estimated liabilities of $500,000 to $1 million. Honorable Michael E. Wiles is overseeing the case. The Debtor is represented by Avrum J. Rosen, Esq. and Daniel LeBrun, Esq. of Rosen, Tsionis & Pizzo, PLLC. COGHLAN PLANTING: Seeks to hire Bridgers Goodman as Accountant -------------------------------------------------------------- Coghlan Planting Company seeks approval from the U.S. Bankruptcy Court for the Southern District of Mississippi to hire Bridgers, Goodman, Baird, & Clarke, PLLC as accountant. The firm will perform these services: a. file necessary tax reforms; b. prepare and assist in the presentation of financial statements; c. provide general accounting services; and d. assist with the preparation of forms, schedules and financial information related to the bankruptcy Case. Fees will be billed at $200 per hour with an estimated total fee of $10,000. L. Karl Goodman, CPA, of Bridgers, Goodman, Baird & Clarke, PLLC, represents no interests adverse to the estate, Delta Absorbents, or issues which may arise in this matter. The firm can be reached through: L. Karl Goodman, CPA Bridgers, Goodman, Baird & Clarke, PLLC 3528 Manor Drive Vicksburg, MS 39180 Telephone: (601) 636-1416 Facsimile: (601) 636-1417 About Coghlan Planting Company Coghlan Planting Company sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Mississippi Case No. 26-01166-JAW) on April 27, 2026. At the time of the filing, Debtor had estimated assets of between $1,000,001 and $10 million and liabilities of between $1,000,001 and $10 million. Judge Jamie A. Wilson oversees the case. Law Offices of Geno and Steiskal, PLLC is Debtor's legal counsel. COMMODITY TRANSPORTERS: Scott Sackett Named Subchapter V Trustee ---------------------------------------------------------------- The U.S. Trustee for Region 17 appointed Scott Sackett as Subchapter V trustee for Commodity Transporters, Inc. Mr. Sacket will be paid an hourly fee of $350 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Seidel declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Scott M. Sackett 4030 S. Land Park Dr., Suite C Sacramento, CA 95822 Phone: (916) 930-9900 Email: scott.sackett@efmt.com About Commodity Transporters Inc. Commodity Transporters is a Merced, California-based freight transportation company. The company provides flatbed, roll-top, step-deck, and heavy haul/lowboy transport services, including transportation for oversize, overweight, and over-dimensional loads. It carries cargo such as steel, glass, tractors, pipe, and almonds, and services states including California, Arizona, Nevada, Oregon, Washington, Idaho, Montana, Wyoming, Colorado, and New Mexico. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 26-12787) on June 15, 2026, with $1 million to $10 million in assets and liabilities. Steven E. Wilber, president, signed the petition. Judge Rene Lastreto II presides over the case. David C. Johnston, Esq. represents the Debtor as legal counsel. CONTROLLED CHAOS: Gets Final OK to Use Cash Collateral ------------------------------------------------------ Controlled Chaos Energy Services, LLC received final approval from the U.S. Bankruptcy Court for the Northern District of West Virginia to use cash collateral. Under the final order, the Debtor is authorized to collect and use all pre-petition and post-petition accounts receivable and other cash collateral to fund operations and pay authorized expenses in accordance with an approved budget. This authorization remains effective through confirmation of a Chapter 11 plan or until further court order. Secured creditors Commercial Funding, Inc. and Commercial Credit Group, Inc. will be granted adequate protection through replacement liens on post-petition assets similar to their pre-petition collateral. These replacement liens maintain the same validity and priority as the creditors' pre-petition liens. To protect Commercial Credit Group's interest in its vehicle collateral, the Debtor is required under the final order to make monthly payments of $10,088.56 until plan confirmation or further order of the court. The final order approved a carveout protecting payment of bankruptcy administration expenses, including court and U.S. Trustee fees, allowed Subchapter V Trustee fees, and up to $15,000 per month in approved professional fees and expenses for the Debtor's retained professionals. The order is available at http://bankrupt.com/misc/ControlledChaos_FCCOrder101.pdf About Controlled Chaos Energy Services LLC Controlled Chaos Energy Services LLC is a Bellaire, Ohio-based energy-services and transportation company that provides trucking, brine-water hauling and field-support services for oil-and-gas operations in Ohio, West Virginia and Pennsylvania. The company operates a fleet of heavy-duty trucks and trailers, including Peterbilt, Freightliner, Western Star, Kenworth and Mack vehicles, and serves energy-sector customers that require transportation and related oilfield logistics support. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. W.V. Case No. 26-00331) on May 6, 2026. In the petition signed by Frederick A. Lang, IV, owner, the Debtor disclosed $581,137 in total assets and $1,302,384 in total liabilities. Judge David L. Bissett oversees the case. Ryan W. Johnson, Esq., at Johnson Legal Services, PLLC, represents the Debtor as bankruptcy counsel. CRESCENT CO-OP: Hires Blackwood Law Firm as Bankruptcy Counsel -------------------------------------------------------------- Crescent Co-Op Association seeks approval from the U.S. Bankruptcy Court for the Western District of Oklahoma to employ Blackwood Law Firm, PLLC to handle its Chapter 11 case. The firm will be paid at these hourly rates: Attorneys $450 Legal Assistants and Law Clerks $100 In addition, the firm will seek reimbursement for expenses incurred. Amanda Blackwood, Esq., an attorney at Blackwood Law Firm, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Amanda R. Blackwood, Esq. Blackwood Law Firm, PLLC 512 NW 12th Street Oklahoma City, OK 73103 Telephone: (405) 309-3600 Facsimile: (405) 378-4466 Email: amanda@blackwoodlawfirm.com About Crescent Co-Op Association Crescent Co-Op Association filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Okla. Case No. 26-12056) on June 18, 2026, listing $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. The Debtor tapped Amanda R. Blackwood, Esq., at Blackwood Law Firm, PLLC and Gary D. Hammond, Esq., at Hammond Law Firm as counsel. CRYSALIS BIOSCIENCES: Agrees to $1.2MM Deal to Dismiss Ch. 7 Case ----------------------------------------------------------------- ames Drew of St. Louis Business Journal reports that a $1.2 million settlement has been reached between Crysalis Biosciences and five construction creditors, paving the way for dismissal of an involuntary Chapter 7 bankruptcy case stemming from unpaid bills related to the redevelopment of a shuttered ethanol plant in Sauget, Illinois. The creditors alleged Crysalis failed to pay roughly $1.1 million for construction materials and services supplied during work at the facility. They sought to force the company into bankruptcy after payment disputes persisted, the report cites. The settlement resolves the underlying payment dispute and calls for dismissal of the involuntary bankruptcy petition upon completion of the agreed terms. Court approval and notice to other creditors remain necessary before the case can be formally closed, according to report. With the dispute nearing resolution, Crysalis can continue pursuing its plans to reopen the former ethanol plant without the immediate threat of involuntary liquidation. The settlement also avoids further litigation costs for both the company and its creditors, St. Louis Business Journal reports. About Crysalis Biosciences Crysalis Biosciences is a biotechnology firm engaged in bioscience research and development. The company focuses on leveraging biological systems and scientific innovation to create commercial applications in the life sciences sector. Crysalis Biosciences' creditors sought involuntary relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. S.D. Ill. Case No. 26-30194) on February 27, 2026. Honorable Bankruptcy Judge Mary E. Lopinot handles the case. The Debtor is represented by Samuel S. Brand, Esq. and Robert E Eggmann, III, Esq. of Carmody Macdonald PC. CSS INC: Secured Party Sets July 9, 2026 Public Auction ------------------------------------------------------- JAG Financial LLC (the "Secured Party"), as secured party, will sell at public auction to the highest qualified bidder all of the business assets of CSS Inc., a concrete contractor with a place of business located at 19 Walnut Street, Seymour, Connecticut 06483. The sale is conducted by JAG Financial LLC to enforce its security interest following default, under Article 9 of the Uniform Commercial Code codified in the State of Connecticut under Conn. Gen. Stat. Sec. 42a-9-101 et seq. DEBTOR: CSS Inc. SECURED PARTY / SELLER: JAG Financial LLC DATE AND TIME OF SALE: July 9, 2026, commencing at 10:30 a.m. (eastern time) PLACE OF SALE: 19 Walnut Street, Seymour, Connecticut 06483 ASSETS TO BE SOLD: All business assets of CSS Inc., including without limitation all equipment, machinery, tools, vehicles, trailers, inventory, materials, supplies, furniture, fixtures, general intangibles, and accounts associated with its concrete contracting business. A more detailed description of the assets is available from the secured party upon request, and the assets may be inspected at the place of sale immediately prior to the auction. TERMS OF SALE: The sale is as is, where is, with all faults. The Secured Party makes no representations or warranties of any kind, express or implied, as to the condition, quality, quantity, fitness for any purpose, merchantability, title, possession, quiet enjoyment, or value of the assets. There is no warranty relating to title, possession, quiet enjoyment, or the like in this disposition. All assets are sold subject to any prior liens, security interests, or encumbrances. Payment in full is required at the time of sale in certified funds (certified or cashier's check) or other immediately available funds acceptable to the secured party. No personal checks or financing will be accepted. The successful bidder is responsible for the removal of all purchased assets at its own expense within the time specified by the Secured Party at the sale, and for all applicable sales and transfer taxes. The Secured Party reserves the right to set minimum bids, to bid on and purchase any portion or all of the assets, to require proof of qualification of bidders, to sell the assets as a unit or in parcels, and to adjourn, postpone, modify, or cancel the sale, in whole or in part, without further notice except as may be announced at the time and place of sale. Additional terms and conditions of sale may be announced at the auction and will govern over any conflicting terms in this notice. RIGHTS OF THE DEBTOR AND OTHER INTERESTED PARTIES: The debtor, any secondary obligor, and any other secured party or lienholder may have the right to redeem the assets and may have other rights under the Uniform Commercial Code. The right to redeem terminates upon disposition of the assets at the sale. The debtor is entitled to an accounting of the unpaid indebtedness. FOR FURTHER INFORMATION, including a detailed asset list, inspection arrangements, and the complete terms of sale, contact: JAG Financial LLC, c/o Archer & Greiner P.C., Attn: Jerrold S. Kulback, 1025 Laurel Oak Road, Voorhees, NJ 08043, Tel: (856) 673-3936, Email: jkulback@archerlaw.com DANIEL ARI GRYFE: Secured Party Sets August 4, 2026 Public Auction ------------------------------------------------------------------ In accordance with applicable provisions of the Uniform Commercial Code (the "UCC"), by virtue of default under a pledge agreement dated November 27, 2024 executed by Daniel Ari H. Gryfe and Dena Sara Graff (collectively, the "Pledgors") and White Gryffindor LLC ("Lender" or "Secured Party"), a New Jersey limited liability company, authorized to do business in New York ("Secured Party"), the Secured Party, will offer for sale, at public auction, the right, title, and interest of the Pledgers, 60% and 40% for a total of one hundred percent (100%) of the membership interests and other equity interests, including, but not limited to, all economic rights and governance rights associated therewith, in and to Krabm West End LLC ("Issuer") which owns the real property known as 2211 Broadway a/k/a 390 West End Avenue, Units 2L2M and 2KS, New York, New York (Block 1170; Lots 1236 and 1228) (collectively, the "Collateral"). The rights secured by the Secured Party are subject to "Senior Loans" and first-priority mortgage on the Property and the obligations and liabilities set forth in the Senior Loan documents. In order to satisfy the amounts due to the Secured Party in the amount of $1,360,264.84 with per diem interest at $1,733.33 a day from November 10, 2025 to be applied first to costs, legal fees, interest and then to principal, the public auction will be held on August 4, 2026 at 2:30pm. (EST), and will be conducted by William Mannion of Mannion Auctions, LLC, virtually via the following Zoom meeting link: https://us06web.zoom.us/j/89252961034?pwd=DqniFmRs4wQBLJLlNwrb4lpOidCot2.1 Meeting ID: 892 5296 1034 Passcode: 874711 or by phone at 16465588656,,89252961034#,,,,*874711# US (New York). The Secured Party Reserves the right to credit bid. Any individual or entity interested in bidding on the Collateral must contact, William Mannion at or by phone at +1 (212) 267-6698, to obtain a copy of the Terms of Sale and information regarding bidding instructions. Upon execution of a confidentiality and non-disclosure agreement, additional documentation and information will be made available. The relevant UCC was filed on October 10, 2024, in the State of New York, whereby Daniel Ari H. Gryfe and Dena Sara Graff, as pledgors, pledged their combined 100% interest in Krabm West End LLC, as the sole members, to the Secured Party. Attorneys for Secured Party: Evan M. Newman, Esq. Jacobowitz Newman Tversky LLP 377 Pearsall Ave, Suite C Cedarhurst, NY 11516 Telephone: (516) 545-0996 DANSKAMMER HOLDCO: Taps Epiq Corporate as Claims, Noticing Agent ---------------------------------------------------------------- Danskammer HoldCo LLC seeks approval from the U.S. Bankruptcy Court for the District of Delaware to hire Epiq Corporate Restructuring, LLC as noticing and solicitation agent. Epiq will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. Before the petition date, the Debtors provided Epiq a retainer in the amount of $25,000. Alex Warso, a consulting director at Epiq, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Alex Warso Epiq Corporate Restructuring, LLC 122 East, 42nd Street, 18th Floor New York, NY 10168 About Danskammer Holdco Danskammer HoldCo LLC is a New York-based owner and operator of a natural gas-fired power plant. Danskammer Holdco and its affiliates filed a petition under Chapter 11 of the Bankruptcy Code (Bankr. D. Del., Case No. 26-10950) on June 10, 2026. The Debtors reported $10 million to $50 million in both assets and liabilities. Landis Rath & Cobb LLP represents the Debtors. DAY TRANSLATIONS: Gets Extension to Access Cash Collateral ---------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida granted Day Translations, Inc. another extension to use cash collateral. The court entered its fifth interim order authorizing the Debtor's continued use of cash collateral to fund monthly payments to the Subchapter V trustee; pay the expenses set forth in the budget, plus an amount not to exceed 10% for each line item; and additional amounts approved in writing by the funders. As of the petition date, the Debtor had cash of approximately $13,000 and accounts receivable of $103,000. The MCA lenders including Fox Funding and other providers of short-term, high-interest financing assert an interest in the cash collateral. As of the petition date, the lenders were owed $819,163.47. As adequate protection, each secured creditor will be granted a perfected post-petition lien against cash collateral to the same extent and with the same validity and priority as the pre-petition lien. Additional protections include monthly reporting, maintaining insurance, and granting funders access to business records and premises upon notice. A continued hearing is scheduled for August 6. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/gts8y from PacerMonitor.com. About Day Translations Inc. Day Translations, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00386) on January 19, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Matthew B. Hale, Esq., at Stichter, Riedel, Blain & Postler, represents the Debtor as legal counsel. DISH DBS: Case Summary & 30 Largest Unsecured Creditors ------------------------------------------------------- Eighteen affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- DISH DBS Corporation (Lead Case) 26-90627 9601 South Meridian Boulevard Englewood CO 80112 DISH Wireless L.L.C. 26-90628 DISH Broadcasting Corporation 26-90629 DISH Network L.L.C. 26-90631 DISH Network Service L.L.C. 26-90633 DISH Operating L.L.C. 26-90632 DISH Technologies Holding Corporation 26-90634 DISH Technologies L.L.C. 26-90635 Sling Media, L.L.C. 26-90639 Sling TV Gift Card Corporation 26-90640 Sling TV Holding L.L.C. 26-90641 Sling TV L.L.C. 26-90642 Sling TV Purchasing L.L.C. 26-90643 DISH Wireless Leasing L.L.C. 26-90636 DISH Wireless Retail Holding L.L.C. 26-90637 DISH Wireless Retail Operating L.L.C. 26-90638 DISH Infinite Corporation 26-90630 Neyland Networks LLC 26-90626 Business Description: The Debtors are subsidiaries of EchoStar, which was founded in 1980 by Charlie Ergen, Candy Ergen, and James DeFranco as a C-band satellite distributor. EchoStar provides pay-TV, wireless, internet, technology, networking, television entertainment, and connectivity services to consumer, enterprise, operator, and government markets worldwide. The Debtors comprise two of EchoStar's business segments: the DBS Debtors operate the Pay-TV segment, including DISH- and Sling TV-branded pay-TV services, and the DISH Wireless Debtors operated the Wireless segment under the Boost Mobile and Gen Mobile brands from 2020 to 2025. The DISH Wireless Debtors also built out EchoStar's nationwide 5G mobile network infrastructure. Chapter 11 Petition Date: June 30, 2026 Court: United States Bankruptcy Court Southern District of Texas Judge: Hon. Christopher M Lopez Debtors' General Bankruptcy Counsel: Charles R. Koster, Esq. WHITE & CASE LLP 609 Main Street, Suite 2900 Houston, TX 77002 Tel: (713) 496-9700 Fax: (713) 496-9701 Email: charles.koster@whitecase.com - and - Ronald K. Gorsich, Esq. Doah Kim, Esq. WHITE & CASE LLP 555 South Flower Street, Suite 2700 Los Angeles, CA 90071 Phone: (213) 620-7700 Email: rgorsich@whitecase.com doah.kim@whitecase.com - and - Thomas E Lauria, Esq. WHITE & CASE LLP Southeast Financial Center 200 South Biscayne Boulevard, Suite 4900 Miami, FL 33131 Tel: (305) 371-2700 Email: tlauria@whitecase.com - and - Matthew E. Linder, Esq. Laura E. Baccash, Esq. WHITE & CASE LLP 300 N. LaSalle Drive Chicago, IL 60654 Telephone: (312) 881-5400 Email: mlinder@whitecase.com laura.baccash@whitecase.com - and - David M. Turetsky, Esq. Samuel P. Hershey, Esq. Andrea Amulic, Esq. 1221 Avenue of the Americas New York, NY 10020 Tel: (212) 819-8200 Email: david.turetsky@whitecase.com sam.hershey@whitecase.com andrea.amulic@whitecase.com Debtors' Restructuring & Financial Advisor: FTI CONSULTING, INC. AND FTI CAPITAL ADVISORS, LLC Debtors' Claims, Noticing & Solicitation Agent: EPIQ CORPORATE RESTRUCTURING, LLC Debtors' Special Regulatory Counsel: STEPTOE LLP Independent Counsel to the DISH Wireless Special Committee: DENTONS US LLP Estimated Assets: $1 billion to $10 billion Estimated Liabilities: $10 billion to $50 billion The petitions were signed by John Swieringa as authorized signatory. A full-text copy of the Lead Debtor's petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/MH4JB3I/DISH_DBS_Corporation__txsbke-26-90627__0001.0.pdf?mcid=tGE4TAMA Consolidated List of Debtors' 30 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Wilmington Savings 7.750 Senior $2,000,000,000 Fund Society FSB, Notes Due 2026 as Trustee for 7.750 Senior Notes Due 2026 500 Delaware Avenue Wilmington, DE 19801 Contact: Patrick Sibley, as Counsel Tel: 212-326-0152 Email: psibley@pryorcashman.com Contact: Arsala Kidwai, as Counsel Email: akidwai@pryorcashman.com Contact: Seth Lieberman, as Counsel Email: slieberman@pryorcashman.com Contact: Matthew Silverman, as Counsel Email: msilverman@pryorcashman.com 2. US Bank Trust Company, N.A., 5.125 Notes $1,506,406,525 as Trustee for 5.125 Due 2029 Notes Due 2029 60 Livingston Avenue St. Paul, MN 55107 Contact: Erin Snyder, as Counsel Tel: 612-672-8399 Email: erin.snyder@maslon.com Contact: Brian Klein, as Counsel Email: brian.klein@maslon.com Contact: Clark Whitmore, as Counsel Email: clark.whitmore@maslon.com Contact: Elizabeth Frayer, as Counsel Email: elizabeth.frayer@thompsonhine.com 3. US Bank Trust Company, N.A., 7.375 Notes $1,000,000,000 as Trustee for 7.375 Due 2028 Notes Due 2028 60 Livingston Avenue St. Paul, MN 55107 Contact: Erin Snyder, as Counsel Tel: 612-672-8399 Email: erin.snyder@maslon.com Contact: Brian Klein, as Counsel Email: brian.klein@maslon.com Contact: Clark Whitmore, as Counsel Email: clark.whitmore@maslon.com Contact: Elizabeth Frayer, as Counsel Email: elizabeth.frayer@thompsonhine.com 4. ESPN Inc Trade Debt $69,430,079 500 South Buena Vista Street Burbank, CA 91512 Contact: Sean Breen Tel: 612-801-4442 Email: sean.breen@disney.espn.com 5. Turner Network Sales Inc Trade Debt $42,731,804 1050 Techwood Drive NW Atlanta, GA 30318-5605 Contact: Amar Melwani Tel: 347.409.3660 Email: amar.melwani@wbd.com 6. Nexstar Inc Trade Debt $40,584,957 1502 Cleveland Ave Joplin, MO 64801 Contact: Joe Felber Tel: 215.713.5063 Email: jfelber@nexstar.tv 7. Fox Corporation Trade Debt $38,690,854 1211 Avenue of the Americas New York, NY 10036-8799 Contact: Jesica Fang Tel: 310-369-0760 Email: jessica.fang@fox.com 8. USA Network Trade Debt $34,314,331 30 Rockefeller Plaza New York, NY 10112 Contact: Amy Geary Tel: 917-568-6790 Email: amy.geary@nbcuni.com 9. Sinclair Television Group Inc Trade Debt $30,527,414 10706 Beaver Dam Road Cockeysville, Maryland 21030 Contact: Will Bell Tel: 443.838.8697 Email: wcbell@sbgtv.com 10. MTV Networks DBA TV Land Trade Debt $30,442,061 CMT TNN MTV MTV2 VH1 Nickelodeon Nick at Night 1515 Broadway, 16th Floor, Attn: Ray Hopkins, President US Networks Distribution, New York, NY 10036 Contact: Mike Correia Tel: 917.975.0339 Email: mike.correia@paramount.com 11. Scripps Media Inc Trade Debt $24,288,659 312 Walnut Street, 28th Floor Cincinnati, Ohio 45202 Contact: Matt Hijuelos Tel: 917-647-0661 Email: matthew.hijuelos@scripps.com 12. Discovery Communications Inc Trade Debt $18,599,726 30 Hudson Yards, New York, NY 10001, Attn: EVP, Distribution Business and Legal Affairs Contact: Jesica Fang Tel: 310-369-0760 Email: jessica.fang@fox.com 13. Tegna Inc Trade Debt $17,340,078 8350 Broad Street Tysons, Virginia 22102 Contact: Chris Gilpatric Tel: 310-617-7116 Email: cgilpatric@tegna.com 14. Univision Network Ltd Trade Debt $17,215,037 Partnership 5999 Center Drive, Los Angeles, CA 90045 Contact: Michael Angus Tel: 310-846-2880 Email: mangus@televisaunivision.com 15. A and E Television Networks LLC Trade Debt $16,212,139 235 East 45th Street New York, New York 10017 Contact: Emory Walton Tel: 310-880-9941 Email: emory.walton@aegm.com 16. NBC Universal LLC Trade Debt $15,242,613 DBA Universal City Studios Productions LLLP NBCUniversal L 30 Rockefeller Center Plaza L 1221 Campus - 27 L New York, NY 10112 Contact: Amy Geary Tel: 917-568-6790 Email: amy.geary@nbcuni.com 17. MSNBC Trade Debt $12,484,660 NBCUniversal L 30 Rockefeller Center Plaza L 1221 Campus – 27 L New York, NY 10112 Contact: Amy Geary Tel: 917-568-6790 Email: amy.geary@nbcuni.com 18. Amazon Web Services LLC Trade Debt $11,490,438 PO Box 84023 Seattle, WA 98124-8423 Contact: John Burgess Tel: 925-788-2459 Email: johburj@amazon.com 19. Hearst Television Inc Trade Debt $11,207,340 300 West 57th Street, 39th Floor New York, NY 10019 Contact: John Robertson Tel: 212-887-6806 Email: jrobertson@hearst.com 20. AMC Network Entertainment LLC Trade Debt $9,395,773 11 Pennsylvania Plaza 16th Floor, New York, NY 10001 Contact: Barbara Kalosieh Tel: 201.563.1829 Email: barbara.kalosieh@amcnetworks.com 21. Fox Cable Networks Inc Trade Debt $9,171,460 10201 W. Pico Blvd. Bldg. 88, #305 Los Angeles, CA 90064 Contact: Jesica Fang Tel: 310-369-0760 Email: jessica.fang@fox.com 22. Disney Channel Trade Debt $8,574,663 77 West 66th Street, 8th Floor New York, New York 10023 Contact: Sean Breen Tel: 612-801-4442 Email: sean.breen@disney.espn.com 23. Starz DBA Starz Entertainment LLC Trade Debt $8,241,728 100 Park Avenue, 19th Floor, New York, NY 10017 Contact: Mitch Carbullido Tel: 212-905-4200 Email: mitch.carbullido@starz.com 24. Digital Broadcasting System Litigation Unliquidated 601 Congress Ave., Suite 600 Austin, TX 78701 Contact: Fred I. Williams Williams Simons & Landis PLLC, as Counsel Tel: 512-543-1354 Email: fwilliams@wsltrial.com 25. Clearplay Inc Litigation Unliquidated 701 N. 44th Street Phoenix, AZ 85008 36 S. State Street, Suite 1400 Salt Lake City, UT 84111 Contact: Leo R. Beus Beus Gilbert McGroder PLLC, as Counsel Tel: 480-429-3000 Email: lbeus@beusgilbert.com Contact: Samuel C. Straight Ray Quinney & Nebeker PC, as Counsel Tel: 801-532-1500 Email: sstraight@rqn.com 26. TQ Delta Litigation Unliquidated 500 W. Madison Street, 34th Floor Chicago, IL 60661 919 N. Market Street, 12th Floor Wilmington, DE 19801 Contact: Peter J. McAndrews McAndrews Held & Malloy Ltd, as Counsel Tel: 312-775-8000 Contact: Brian Farnan Farnan LLP, as Counsel Tel: 302-777-0300 Email: bfarnan@farnanlaw.com 27. Entropic Communications LLC Litigation Unliquidated 10100 Santa Monica Blvd., 8th Floor Los Angeles, CA 90067 Claim 1: Contact: James Shimota K&L Gates LLP, as Counsel Tel: 312-372-1121 Email: jim.shimota@klgates.com Contact: Wesley Hill Ward Smith & Hill PLLC, as Counsel Tel: 903-757-6400 Email: wh@wsfirm.com Claim 2: Contact: Christina Goodrich K&L Gates LLP, as Counsel Tel: 310-552-5000 Email: christina.goodrich@klgates.com 28. SGCI Holdings III LLC Litigation Unliquidated and Soohyung Kim Ten Post Office Square 8th Floor South PMB #706 Boston, MA 02109 Contact: Tyler Green Consovoy McCarthy PLLC, as Counsel Tel: 703-243-9423 29. Bursor & Fisher Claimants Litigation Unliquidated 1330 Avenue of the Americas New York, NY 10019 Contact: Yitzchak Kopel Bursor & Fisher PA, as Counsel Tel: 646-837-7127 Email: vkopel@bursor.com 30. Jones, Laquita et al. Litigation Unliquidated 65 Main Street Chester, CT 06412 Contact: James Miller Miller Shah LLP Tel: 866-540-5505 Email: jemiller@millershah.com DISH DBS: S&P Downgrades ICR to 'D' on Chapter 11 Filing -------------------------------------------------------- S&P Global Ratings lowered all its ratings on Dish DBS Corp. (DDBS), including the issuer credit rating, to 'D' (default). S&P plans to reevaluate the new capital structure once the company emerges from bankruptcy, expected before the end of the third quarter. On June 30, 2026, EchoStar Corp. subsidiary Dish DBS Corp. (DDBS), announced that it filed for Chapter 11 bankruptcy, seeking confirmation of a prepackaged restructuring plan. This follows a restructuring support agreement on March 19, 2026, to resolve potential litigation liabilities, repay intercompany loans, amend indentures to support debt repayments via cash flow sweeps, and mandate significant debt repayment at par. The bankruptcy filing came one day before maturity of the company's $2 billion, 7.75% secured notes, which it intended to repay using proceeds from selling spectrum rights to AT&T. That deal is delayed, leaving DDBS without liquidity to make the scheduled payment. S&P downgraded Dish DBS to 'D' from 'CCC+' following its Chapter 11 bankruptcy filing. This is an event of default under its criteria, indicating that DDBS sought protection from creditors and will restructure its debt obligations. More than 88% of its secured and unsecured noteholders have agreed to support the restructuring, and the company anticipates paying all allowed claims in full following close of the pending AT&T spectrum sale. DDBS's filing was precipitated by delays in closing the AT&T transaction, which limited liquidity and ability to repay its $2 billion senior secured notes due July 1, 2026, in a timely manner. The company expects to continue operations without disruption and maintain payments to vendors and employees. The filing will also allow Dish Wireless and its subsidiaries to complete the transition of their business, including the disposal of its remaining assets and determination of claims against DISH Wireless. DISH DBS: Satellite Pay-TV Provider Seeks Chapter 11 Bankruptcy --------------------------------------------------------------- Dade Hayes of Deadline reports that Dish DBS has filed for Chapter 11 bankruptcy protection in the Southern District of Texas as part of a prepackaged restructuring backed by 88% of its bondholders, parent company EchoStar Corp. announced. The filing is intended to reduce the company's debt burden while preserving normal business operations throughout the restructuring process. EchoStar has faced mounting financial pressure as it works to refinance approximately $25 billion in debt and defend multiple legal disputes. After combining with Dish in 2024, the company accelerated its transition from satellite television toward wireless telecommunications, even as its legacy pay-TV business continued to lose subscribers amid ongoing cord-cutting, the report states. The company also cited delays involving its proposed $20 billion sale of wireless spectrum assets to AT&T, saying the postponed transaction contributed to the decision to seek Chapter 11 protection. EchoStar expects to use proceeds from the sale to retire most of its outstanding debt once the transaction closes. Chairman and CEO Charlie Ergen said customers will continue receiving uninterrupted service during the restructuring and expressed confidence that the company will emerge from bankruptcy in a stronger financial position. EchoStar expects the process to conclude during the July-to-September quarter. About Dish DBS Corp. DISH DBS Corporation, through its subsidiaries, provides pay-TV services under the DISH and Sling brands in the United States. The company was founded in 1996 and is headquartered in Englewood, Colorado. DISH DBS Corporation is a subsidiary of DISH Network Corporation. Dish DBS Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90627) on June 30, 2026. Honorable Bankruptcy Judge Christopher M. Lopez handles the case. The Debtor is represented by Charles R. Koster, Esq. of White & Case. DISH DBS: Seeks to Sell Communication Assets at Auction ------------------------------------------------------- Dish DBS Corp. and its affiliate Dish Wireless LLC, seek approval from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to sell substantially all Assets at auction, free and clear of liens, claims, interests, and encumbrances. The Chapter 11 Cases were filed against the backdrop of extraordinary and unprecedented events that forced the DISH Wireless Debtors to cease operating the nationwide 5G Network they spent years and billions of dollars building. After the Federal Communications Commission threatened termination of spectrum licenses necessary to operate that network, the Company was compelled to sell a material portion of its spectrum assets, with the result that the Company no longer owns the spectrum licenses required to operate its wireless network. The DISH Wireless Debtors began decommissioning their legacy 5G Network and transitioning to a hybrid mobile network operator, which retains ownership and operation of certain core network functions while relying on third-party carriers to provide the physical infrastructure that actually delivers wireless service to subscribers’ devices. In light of that decommissioning, the DISH Wireless Debtors no longer have any operational use for certain remaining equipment, inventory, and related assets, because the fundamental purpose for which those assets were acquired, developed, and/or maintained has been eliminated by circumstances outside the DISH Wireless Debtors' control. The relief requested in the Motion is a necessary next step in the DISH Wireless Debtors' transition of their former 5G Network infrastructure, which no longer serves any purpose in light of the AT&T and SpaceX Transactions entered into by the DISH Wireless Debtors' non-Debtor parent, EchoStar, which will dispose of the spectrum licenses without which the DISH Wireless Debtors cannot operate their 5G Network. The Debtors are subsidiaries of EchoStar Corporation (NASDAQ: ECHO), which is not itself a Debtor in the cases. EchoStar was founded in 1980 and provides pay-TV, wireless, and internet services to millions of customers, having pioneered technological advancements that redefined those industries. As of the Petition Date, the Company has approximately 10,400 employees in the United States and serves more than 6 million pay-TV subscribers, approximately 7 million wireless subscribers and approximately 641,000 broadband subscribers. The Debtors comprise two of the Company's business segments. The DBS Debtors operate the Company's Pay-TV segment, which includes DISH®- and Sling TV- branded pay-TV services. In 2025, Pay-TV generated operating income of $2.4 billion on revenue of $9.7 billion. From 2020 to 2025, the DISH Wireless Debtors, led by DWLLC, operated the Company's Wireless segment under the Boost Mobile® and Gen Mobile® brands. The DISH Wireless Debtors acting through the Special Committee will actively market the Assets, including by seeking the highest or otherwise best offer for the Assets and conducting an auction if necessary. The provisions of the Stalking Horse Agreement, including the bidding procedures, are reasonable, were a material inducement to the Stalking Horse Bidder to enter into the Agreement, and are designed to achieve the highest and best price for the Purchased Assets and Assumed Liabilities. The principal terms and conditions of the Stalking Horse Agreement with EchoStar Corporation is provided. The DISH Wireless Debtors propose the timeline for the sale process, which is subject to modification in the discretion of the DISH Wireless Debtors. The Debtors submit that the Bidding Procedures are fair, designed to maximize the value of the Assets, and represent a proper exercise of the DISH Wireless Debtors' reasonable business judgment. About DISH DBS Corporation DISH DBS Corporation is a holding company and an indirect, wholly-owned subsidiary of DISH Network Corporation. It offers pay-TV services under the "DISH" brand and the "SLING" brand. It also design, develop and distribute receiver systems and provide digital broadcast operations, including satellite uplinking/downlinking, transmission and other services to third-party pay-TV providers. DISH DBS Corporation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.Tex. Case No. 26-90627 (CML)) on June 30, 2026. Judge Christopher M. Lopez presides over the case. Charles R. Koster at White & Case, represents the Debtor as legal counsel. DOUBLE CHECK: Hires Barron & Newburger P.C. as Bankruptcy Counsel ----------------------------------------------------------------- Double Check Solutions, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire Barron & Newburger, P.C. as counsel. The firm's services include: (i) advising Debtor of its rights, powers, and duties as a debtor-in-possession continuing to manage its assets; (ii) reviewing the nature and validity of claims asserted against the property of Debtor and advising Debtor concerning the enforceability of such claims; (iii) preparing on behalf of Debtor, all necessary and appropriate applications, motions, pleadings, draft orders, notices, schedules, and other documents and reviewing all financial and other reports to be filed in the chapter 11 case; (iv) advising Debtor concerning and preparing responses to, applications, motions, complaints, pleadings, notices, and other papers which may be filed in the chapter 11 case; (v) counseling Debtor in connection with the formulation, negotiation, and promulgation of a plan of reorganization and related documents; (vi) performing all other legal services for and on behalf of Debtor which may be necessary and appropriate in the administration of the chapter 11 case and Debtor’s business; and (vii) working with professionals retained by other parties in interest in this case to attempt to obtain approval of a consensual plan of reorganization for Debtor. The firm will charge these rates: Stephen Sather $650 per hour Other Attorneys $250 to $450 per hour Support Staff $40 to $100 per hour Barron & Newburger received a retainer of $2,500 on April 22, 2026 and a subsequent retainer of $22,500 on May 21, 2026. Barron & Newburger, 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 through: Stephen W. Sather, Esq. BARRON & NEWBURGER, P.C. 7320 N. MoPac Expwy., Suite 400 Austin, TX 78731 Tel: (512) 476-9103 Fax: (512) 476-9253 About Double Check Solutions Inc. Double Check Solutions, Inc. develops and licenses cash-management software for credit unions through its platform, MyDoubleCheck. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-11071-smr) on June 3, 2026. In the petition signed by Anne Lee, chief executive officer, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Shad M. Robinson oversees the case. Stephen W Sather, Esq., at Barron & Newburger, P.C., represents the Debtor as legal counsel. DR. DONNA MICHELLE: Hires Rogers & Company CPAs PA as Accountant ---------------------------------------------------------------- Dr. Donna Michelle Gentry, D.D.S., P.L.L.C. seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to hire Rogers & Company, CPAs, PA as accountant. The hourly rates and services provided by the accounting firm and its staff are as follows: a. Will Rogers, CPA, Partner: i. Rate: $250/hr ii. Services: Review Debtor’s financials, tax review, and tax advice b. Chris Clifford, CPA, Tax Manager: i. Rate: $165/hr. ii. Services: Tax review c. Mia LaVigne, Bookkeeper: i. Rate: $100/hr. ii. Services: Payroll d. William Slape, Tax Preparer: i. Rate: $68/hr. ii. Services: Tax preparation Rogers & Company, CPAs, PA is a "disinterested person" as the term is defined in 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Will Rogers, CPA Rogers & Company, CPAs, P.A. 825 Gum Branch Rd Suite #101 Jacksonville, NC 28540 Telephone: (910) 346-2259 Facsimile: (910) 346-5738 About Dr. Donna Michelle Gentry, D.D.S., P.L.L.C. Dr. Donna Michelle Gentry, D.D.S., P.L.L.C., doing business as SeaSide Dentistry, operates a dental practice in Cedar Point, North Carolina. The practice, led by dentist Donna Gentry, DDS, provides general, cosmetic, restorative, endodontic, periodontal, sedation and emergency dental care, with services including cleanings, crowns, dental implants, Invisalign, root canal therapy and sleep apnea treatment. SeaSide Dentistry serves patients in Cedar Point and nearby North Carolina communities, including Swansboro, Bogue, Emerald Isle, Peletier, Hubert, Jacksonville, Morehead City, Newport and Stella. Dr. Donna Michelle Gentry, D.D.S., P.L.L.C. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. North Carolina, New Bern Division Case No. 26-02111) on May 8, 2026. At the time of filing, the Debtor had estimated assets of between $500,001 and $1 million and liabilities of between $1,000,001 and $10 million. Judge Pamela W Mcafee oversees the case. The Law Offices of George Oliver, PLLC is Debtor's legal counsel. DRY CLEANERS: Andrew Layden Named Subchapter V Trustee ------------------------------------------------------ The Acting U.S. Trustee for Region 21 appointed Andrew Layden as Subchapter V trustee for Dry Cleaners America, Inc. Mr. Layden will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Layden declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Andrew Layden 200 S. Orange Avenue, Suite 2300 Orlando, FL 32801 Telephone: 407-649-4000 Email: alayden@bakerlaw.com About Dry Cleaners America Inc. Dry Cleaners America, Inc., is an Orlando, Florida-based dry-cleaning and garment-care business that provides personal cleaning services from its location at 1310 Edgewater Drive. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-04635) on June 22, 2026, with $44,621 in assets and $1,005,520 in liabilities. Aziz Hussein, president, director, and treasurer, signed the petition. Jeffrey S. Ainsworth, Esq. at BRANSON AINSWORTH PLLC presides over the case. DUNE UNION: Commences Subchapter V Bankruptcy in New York --------------------------------------------------------- On June 30, 2026, Dune Union Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York. According to the court filing, the Debtor reports between $100,000 and $500,000 in debt owed to 1–49 creditors. The deadline to file the Chapter 11 Small Business Subchapter V plan is September 28, 2026. About Dune Union Inc. Dune Union Inc. is a New York, New York-based full-service restaurant operator. The company operates the Kiku Sushi brand located at 235 9th Avenue in Manhattan, serving Japanese cuisine in a dine-in restaurant setting. Dune Union Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11558) on June 30, 2026. In its petition, the Debtor reports estimated assets between $0 and $50,000 and estimated liabilities between $100,000 and $500,000. The Debtor is represented by Leonard Xavier Gillespie, Esq. of Law Office of Leonard X. Gillespie, Attorney At Law. ECLUDE INC: Case Summary & 10 Unsecured Creditors ------------------------------------------------- Debtor: Eclude Inc. d/b/a Baracoa Cuban Restaurant 853 Auto Center Dr Ste F Palmdale, CA 93551 Business Description: Eclude Inc., doing business as Baracoa Cuban Restaurant, operates a Cuban restaurant in Palmdale, California. The restaurant serves Cuban cuisine, craft cocktails, and espresso, with services including online ordering, takeout, delivery, catering, reservations, live music, happy hour, and private-event hosting. Its catering services support events such as parties, weddings, and corporate gatherings. Chapter 11 Petition Date: June 29, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-16466 Judge: Hon. Neil W Bason Debtor's Counsel: Steven R. Fox, Esq. THE FOX LAW CORPORATION INC. 15455 San Fernando Mission Blvd., Suite 400 Mission Hills, CA 91345 Tel: 818 774-3545 Fax: 818 774-3707 E-mail: SRFox@foxlaw.com Total Assets: $688,009 Total Liabilities: $1,235,910 The petition was signed by Antony Castro as president. A full-text copy of the petition, which includes a list of the Debtor's 10 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/6BSNTTA/Eclude_Inc__cacbke-26-16466__0001.0.pdf?mcid=tGE4TAMA ECLUDE INC: Seeks Chapter 11 Bankruptcy in California ----------------------------------------------------- On June 29, 2026, Eclude Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Central District of California. According to the court filing, the Debtor reports between $1 million and $10 million in liabilities owed to 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on July 27, 2026 at 10:30 AM at UST-LA2, TELEPHONIC MEETING. CONFERENCE LINE:1-888-330-1716, PARTICIPANT CODE:8009991. About Eclude Inc. Eclude Inc. is a Palmdale, California-based full-service restaurant operator doing business as Baracoa Cuban Restaurant. The company offers Cuban cuisine, live entertainment, and catering services, and has become a well-known dining destination in the Antelope Valley. The business is owned and managed by Tony Castro and has also provided marketing services and program supplies to local public agencies between 2023 and 2024. Eclude Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-16466) on June 29, 2026. In its petition, the Debtor reports estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. Honorable Neil W. Bason is overseeing the case. The Debtor is represented by Steven R. Fox, Esq. ELETSON GAS: Court Orders Ex-Owners to Pay $296K in Fraud Feud -------------------------------------------------------------- Emlyn Cameron of Law360 Bankruptcy Authority reports that a federal judge in New York has ordered the former majority owners of Eletson Gas to pay nearly $300,000 in sanctions after throwing out a $102 million arbitration award that the court found had been compromised by fraudulent conduct. The arbitration arose from a corporate dispute involving the shipping company, but the court concluded that misconduct during the proceedings justified setting aside the award. The judge found that the integrity of the arbitration had been sufficiently undermined to warrant extraordinary relief, according to report. As part of the ruling, the court awarded nearly $300,000 in attorneys' fees and costs against the former owners. The decision highlights the significant consequences parties may face when fraud affects arbitration or subsequent court proceedings, Law360 reports. About Eletson Gas LLC Eletson Gas LLC is a subsidiary of Eletson Holdings that operates in the marine shipping sector, focusing on the transportation of liquefied petroleum gas and other energy-related cargoes. Through its fleet of specialized vessels, the company supports energy producers, traders, and distributors in international markets. About Eletson Holdings Eletson Holdings Inc. is a family-owned international shipping company, which touts itself as having a global presence with headquarters in Piraeus, Greece as well as offices in Stamford, Connecticut, and London. At one time, Eletson claimed to own and operate one of the world's largest fleets of medium and long-range product tankers and boasted a fleet consisting of 17 double hull tankers with a combined capacity of 1,366,497 dwt, 5 LPG/NH3 carriers with a combined capacity of 174,730 cbm and 9 LEG carriers with capacity of 108,000 cbm. Eletson Holdings, a Liberian company, is Eletson's ultimate parent company and is the direct parent and owner of 100% of the equity interests in the two other debtors, Eletson Finance (US) LLC, and Agathonissos Finance LLC. Eletson and its two affiliates were subject to involuntary Chapter 7 bankruptcy petitions (Bankr. S.D.N.Y. Case No. 23-10322) filed on March 7, 2023 by creditors Pach Shemen LLC, VR Global Partners,L.P. and Alpine Partners (BVI), L.P. The petitioning creditors are represented by Kyle J. Ortiz, Esq., at Togut, Segal & Segal, LLP. On Sept. 25, 2023, the Chapter 7 cases were converted to Chapter 11 cases. The Honorable John P. Mastando, III is the case judge. Lawyers at Reed Smith represent the Debtors as bankruptcy counsel. Riveron RTS served as the Debtors' Domestic Financial Advisor; Harold Furchtgott-Roth as Economic Expert; and Kurtzman Carson as Voting Agent. The U.S. Trustee for Region 2 appointed an official committee of unsecured creditors. The committee tapped Dechert, LLP as its legal counsel and FTI Consulting as the Committee's financial advisors. ELIZABETH TOWNSHIP, PA: S&P Affirms 'BB+' Rating on Revenue Bond ---------------------------------------------------------------- S&P Global Ratings affirmed its 'BB+' long-term rating and underlying rating (SPUR) on Elizabeth Township, Pennsylvania's sewer revenue bonds. The outlook is stable. S&P said, "The stable outlook reflects our expectation that sewer system financials will stabilize with rate increases but remain weaker than those of similarly rated peers through fiscal 2027. In our view, financial outcomes that are reasonably in line with required metrics are attainable, as there are no near-term debt plans, and the sewer system intends to continue making consistent rate increases. "We could lower the rating if operational costs significantly increase or if lower revenues lead to continued declines in coverage and liquidity. The rating could also be pressured if the sewer system takes on a meaningful amount of additional debt that diminishes financial ratios to below historical levels. If the sewer system fails to improve financial metrics despite implemented rate hikes, we could lower the rating. "We are unlikely to raise the rating over the next two years, given the sewer system's current substantial debt burden and track record of poor financial metrics. If rate hikes reverse historical trends of low coverage and declining liquidity, and management implements and internalizes more formalized policies and practices, we could raise the rating." ENDRA LIFE: Signs Merger Deal With ASP Isotopes, Renergen --------------------------------------------------------- ENDRA Life Sciences Inc. announced in a regulatory filing that it entered into an Agreement and Plan of Merger, by and among ASP Isotopes Inc., a Delaware corporation, Noble Africa LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of ASP, Renergen Limited, a company incorporated under the laws of the Republic of South Africa and a direct, wholly-owned subsidiary of ASPI, ENDRA, and Kruger Merger Sub LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of ENDRA ("Merger Sub"), pursuant to which, among other matters, and subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement, Merger Sub will merge with and into Noble, with Noble surviving the Merger as a direct wholly-owned subsidiary of ENDRA. Concurrently with the entry into the Merger Agreement, Noble entered into subscription agreements with ASPI and certain investors pursuant to which Noble agreed to sell approximately: (i) 4,594,218 Class A Units of Noble and/or pre-funded warrants to purchase Class A Units of Noble to certain institutional investors and other persons and (ii) 3,054,185 Class B Units of Noble to ASPI, at a price per unit of $6.57 (or $6.57 less the Pre-Funded Warrant exercise price of $0.0001 for the Pre-Funded Warrants), for aggregate gross proceeds to Noble of approximately $50 million. Pursuant to the Subscription Agreements, the Noble Investment shall close immediately prior to the Merger. Additionally, prior to the effective time of the Merger, ASPI will contribute all of its equity interest in Renergen to Noble in exchange for 55,500,000 of Noble's Class B Units. The shares of Class B Common Stock received by ASPI upon conversion of the Class B Units in connection with the Merger will entitle ASPI to 10 votes per share on all matters submitted to a vote of the stockholders of the Company. Subject to the terms and conditions of the Merger Agreement, at the Effective Time, all of the units of Merger Sub outstanding immediately prior to the Effective Time shall be converted into and become units of the Surviving Company and ENDRA shall be admitted as the sole member of the Surviving Company as the holder of all Surviving Company Units. Additionally, at the Effective Time: (i) each Class A Unit of Noble outstanding immediately prior to the Effective Time (other than any units of Noble held by ENDRA, Merger Sub, Noble or any of their respective subsidiaries, which shall be automatically cancelled), by virtue of the Merger, shall be converted into the right to receive one share of Class A Common Stock, as adjusted for the Reverse Stock Split, if applicable, (ii) each Class B Unit of Noble outstanding immediately prior to the Effective Time (other than any Excluded Company Units), by virtue of the Merger, shall be converted into the right to receive one share of Class B Common Stock as adjusted for the Reverse Stock Split, if applicable and (iii) each Pre-Funded Warrant that is outstanding and unexercised immediately prior to the Effective Time, will be converted into and become a warrant to purchase Class A Common Stock, and ENDRA shall assume the terms of the Pre-Funded Warrant by which such Pre-Funded Warrant is evidenced (with changes to such documents as ASPI and ENDRA mutually agree are appropriate to reflect the substitution of the Pre-Funded Warrant by ENDRA to purchase shares of Class A Common Stock). Pursuant to the A&R Certificate of Incorporation, at the Effective Time, each share of ENDRA's common stock issued and outstanding or held as treasury stock immediately prior to the Effective Time shall, automatically and without further action by any ENDRA stockholder, be reclassified as one share of Class A Common Stock. Immediately prior to the Effective Time, ENDRA shall file with the Secretary of State of the State of Delaware an amended and restated Certificate of Incorporation, pursuant to which ENDRA will be renamed Noble Africa Inc. The A&R Certificate of Incorporation will establish two classes of common stock, consisting of Class A common stock, par value $0.0001 per share, and Class B common stock, par value $0.0001 per share. The A&R Certificate of Incorporation will authorize 1,000,000,000 shares of Class A Common Stock, 200,000,000 shares of Class B Common Stock, and 50,000,000 shares of preferred stock. Pursuant to the A&R Certificate of Incorporation, the holders of shares of Class A Common Stock and Class B Common Stock shall vote together as one class on all matters, with each holder of Class A Common Stock entitled to one vote for each share of Class A Common Stock held as of the applicable record date and each holder of Class B Common Stock entitled to ten votes for each share of Class B Common Stock held as of the applicable record date. The holders of the Class A Common Stock and Class B Common Stock shall be entitled to share equally, on a per share basis, in any dividends or other distributions declared by the Company's Board of Directors. In the event of involuntary liquidation, dissolution, distribution of assets or winding up of the Company, the assets of the Company would be divided among and paid ratably to the holders of the Class A Common Stock and Class B Common Stock, treated as a single class. Each share of Class B Common Stock will be convertible into one share of Class A Common Stock at the option of the holder. Additionally, each share of Class B Common Stock shall automatically be converted into one share of Class A Common Stock upon any transfer of such Class B Common Stock other than a Permitted Transfer (as defined in the A&R Certificate of Incorporation), or upon the affirmative vote of the holders of a majority of the then-outstanding shares of Class B Common Stock. The A&R Certificate of Incorporation also provides that, without the affirmative vote of the holders of a majority of the then-outstanding shares of Class B Common Stock, voting as a separate class, in addition to any other vote required by law or the Company's bylaws or the A&R Certificate of Incorporation, the Company shall not, by merger, consolidation, conversion or otherwise, amend, alter, repeal, adopt any inconsistent provision with, or waive Section 4.2 of the A&R Certificate of Incorporation, which pertains to the rights and terms of the Class A Common Stock and the Class B Common Stock, or effect any reclassification of the Class A Common Stock or Class B Common Stock. The A&R Certificate of Incorporation provides that the Board shall be divided into three separate classes, as nearly equal in number as possible, with the first class to hold a term expiring at the first annual meeting of the stockholders following the filing of the A&R Certificate of Incorporation, the second class to hold a term expiring at the second annual meeting of the stockholders following the filing of the A&R Certificate of Incorporation and the third class to hold a term expiring at the third annual meeting of the stockholders following the filing of the A&R Certificate of Incorporation). At each annual meeting of stockholders beginning with the first annual meeting of stockholders following the filing of the A&R Certificate of Incorporation, successors to the class of directors whose term expires at that annual meeting shall be elected to hold office for a term expiring at the annual meeting of stockholders to be held in the third year following the year of their election. Immediately after the Effective Time, the Board is expected to consist of seven directors, of which: (i) one is anticipated to be the Chief Executive Officer of the Surviving Company, (ii) five are to be non-executive directors designated solely by Noble and (iii) one is to be a non-executive director designated solely by ENDRA. Class I shall be comprised of two of the Noble Directors, Class II shall be comprised of one of the Noble Directors and the ENDRA Director and Class III shall be comprised of two of the Noble Directors and the CEO Director. Pursuant to the Merger Agreement, on the closing date of the Merger prior to the Effective Time, subject to the prior receipt of stockholder approval, ENDRA may implement a reverse stock split for the purpose of maintaining compliance with Nasdaq listing standards, at a reverse split ratio approved by the Board. In connection with the Merger, ENDRA plans to seek the approval of its stockholders at a special meeting of, among other things: (i) the issuance of the shares of Class A Common Stock and Class B Common Stock as the Merger Consideration, (ii) the Reverse Stock Split, (iii) the adoption of a new incentive equity plan, and (iv) the A&R Certificate of Incorporation (all such voting proposals in this paragraph, the "ENDRA Stockholder Matters"). The Merger Agreement includes customary representations, warranties and covenants, including, among others, covenants relating to: (i) ENDRA's obtaining the approval of its stockholders of the ENDRA Stockholder Matters, (ii) ENDRA's non-solicitation of alternative acquisition proposals, (iii) the conduct of their respective businesses during the period between the date of signing the Merger Agreement and the Closing, (iv) ENDRA's filing with the U.S. Securities and Exchange Commission and causing to become effective a registration statement on Form S-4 to register the shares of the Class A Common Stock and Class B Common Stock to be issued in connection with the Merger, and (v) ENDRA's preparing and submitting to Nasdaq an initial listing application or notification form for notifying Nasdaq of the change in its name and the listing of the Class A Common Stock and Class B Common Stock to be issued as Merger Consideration. The representations and warranties will not survive Closing, except with respect to intentional fraud, and there will be no escrow or price adjustments for any breaches of the representations, warranties, and covenants of any party following Closing. Each of ENDRA, Renergen, ASPI and Noble has agreed, subject to certain exceptions with respect to unsolicited proposals, not to directly or indirectly solicit competing acquisition proposals or to enter into discussions concerning, or provide confidential information in connection with, any unsolicited alternative acquisition proposals. However, ENDRA may provide information to any person who has made an unsolicited, bona fide written acquisition proposal, if such proposal is made after the date of the Merger Agreement, ENDRA's Board determines in good faith, after consultation with outside legal counsel: (i) that such proposal would reasonably be expected to be a superior proposal and (ii) that failure to provide information in connection with such proposal would reasonably be expected to be inconsistent with its fiduciary duties to ENDRA and ENDRA's stockholders under Delaware law, and such person executes and delivers a confidentiality agreement to ENDRA containing substantially the same terms and conditions as the confidentiality agreement between ENDRA and ASPI. Consummation of the Merger is subject to certain closing conditions, including the accuracy of the representations and warranties of the other parties, subject to applicable materiality standards, the approval of the ENDRA Stockholder Matters, the Registration Statement being declared effective by the SEC, the approval for listing on Nasdaq (or any other public stock market or exchange in the United States as may be agreed by Noble and ENDRA) of the Class A Common Stock and Class B Common Stock to be issued as the Merger Consideration, the receipt by Noble of the proceeds of the Noble Investment, Noble's receipt of a written consent of the U.S. Internal Development Finance Corporation (formerly known as the Overseas Private Investment Corporation) as required under that certain Finance Agreement by and between OPIC and a subsidiary of Renergen, ENDRA's having an amount of cash equal to or greater than $3.8 million, ASPI having effected the Contribution, and the performance in all material respects by the applicable parties of their agreements, obligations and covenants under the Merger Agreement required to be performed on or prior to the date of the Closing. The Merger Agreement contains certain termination rights of each of ENDRA and Noble. The Merger Agreement may be terminated at any time prior to Closing by mutual written agreement between ENDRA and Noble or by either party if Closing shall not have occurred by December 24, 2026. Either ENDRA or Noble may also terminate the Merger Agreement if the representations or warranties of the other party were inaccurate as of the date of the Merger Agreement or become inaccurate thereafter due to a breach of a covenant or agreement of that party prior to Closing, or if the ENDRA Stockholder Matters are not approved by the ENDRA stockholders at the Special Meeting. Concurrently with the Closing, the Company will enter into a registration rights agreement and certain business continuity agreements with ASPI, including a master transaction agreement, shared services agreement, employee matters agreement and tax sharing agreement. The master transaction agreement will contain key provisions relating to the conduct of future transactions and govern the ongoing relationship between ASPI and the Company after the Closing, including sales of helium, certain indemnification obligations and a requirement for the Company to maintain the same auditor and fiscal year as ASPI for so long as ASPI is required to consolidate the financial statements of ASPI under GAAP. Under the shared services and employee matters agreements, ASPI will provide certain administrative services to the Company in exchange for a service fee equal to the operating cost plus a margin. At the Closing, ASPI, ASPI South Africa Proprietary Limited, a wholly owned subsidiary of ASPI ("ASPI SA"), and Renergen, shall enter into the fifth addendum to that certain ASPI Term Loan Facility, dated May 19, 2025, by and between ASPI, ASPI SA and Renergen, pursuant to which ASPI may provide loans to Renergen up to $200 million. Copies of the Merger Agreement and the form of A&R Certificate of Incorporation are available at https://tinyurl.com/4fy3c6eh and https://tinyurl.com/44pxrnje, respectively. Voting Agreements Concurrently and in connection with the execution of the Merger Agreement, certain stockholders of ENDRA holding an aggregate 268,395 of the outstanding shares of ENDRA common stock, entered into voting agreements by and among Noble, the Company and such stockholders (the "Voting Agreements"). The Voting Agreements provide that the stockholders of ENDRA shall appear for quorum purposes, vote their shares of common stock in favor of the ENDRA Stockholder Matters and vote against any agreement, transaction or other matter that is intended to, or would reasonably be expected to impede, interfere with, delay, postpone or materially and adversely affect the ENDRA Stockholder Matters. The Voting Agreements also provide ENDRA with an irrevocable proxy to vote the shares of common stock covered by the Voting Agreements as required if a stockholder fails to do so. A copy of the form of Voting Agreement is available at https://tinyurl.com/5udakhvn Other Information In connection with the Company's entry into the Merger Agreement, ENDRA stockholders that participated in the Company's October 15, 2025 private placement waived their right to cause the Company to repurchase warrants issued in the October 2025 Private Placement following a change of control of the Company for their Black-Scholes value. About Renergen Renergen is a South African energy company focused on the development and commercialization of helium and liquefied natural gas ("LNG") resources. Through its operating platform, Renergen is positioned around the production of specialty gases and cleaner energy products that are expected to serve high-demand industrial, technology, medical, aerospace, semiconductor, and energy markets. It provides services that include: * Helium Production and Supply: Development of helium resources designed to address supply needs for a scarce, strategically important gas used in medical imaging, semiconductor manufacturing, aerospace, fiber optics, leak detection, and advanced research applications. * Liquefied Natural Gas: Production and commercialization of LNG for customers seeking cleaner-burning energy alternatives, including applications in transportation, industrial operations, and distributed energy markets. * Strategic Resource Development: Advancement of gas reserves that include helium concentrations intended to provide exposure to markets characterized by constrained global supply, mission-critical end uses, and growing demand from high-technology and energy-transition sectors. Renergen believes its resource base and operating strategy can position it to participate in attractive end markets for helium and LNG. Helium's limited global supply, specialized logistics requirements, and use in critical applications create potential commercial opportunities for producers with scalable production and offtake capabilities. Renergen's LNG operations are expected to complement its helium strategy by supporting monetization of natural gas resources while serving customers seeking reliable and lower-emission fuel alternatives. About ENDRA Life ENDRA Life Sciences Inc., headquartered in Ann Arbor, Michigan, develops thermo-acoustic medical devices for accurate liver fat measurement to support metabolic disease detection, management, and GLP-1 therapy eligibility. The Company's technology platform, Thermo-Acoustic Enhanced Ultrasound (TAEUS), targets pharmaceutical companies, clinical research organizations, high-end primary care clinics, bariatric and metabolic clinics, and broader primary and internal medicine markets through a subscription-based model and traditional product sales. Incorporated in Delaware in 2007, ENDRA plans to seek regulatory approvals for its applications in the United States and European Union. Houston, Texas-based RBSM LLP, the Company's auditor since 2015, 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 suffered recurring losses from operations, generated negative cash flows from operating activities, has an accumulated deficit and has stated that substantial doubt exists about Company's ability to continue as a going concern. As of March 31, 2026, the Company had $3.44 million in total assets, $1.65 million in total liabilities, and $1.79 million in total stockholders' equity. EVCON RENTALS: Seeks to Hire Honey Law Firm P.A. as Attorney ------------------------------------------------------------ Evcon Rentals Corporation seeks approval from the U.S. Bankruptcy Court for the Western District of Arkansas to hire Honey Law Firm, P.A. as its attorneys. The firm will render these services: (a) advise and consult with the Debtor concerning questions arising in the conduct of the administration of the estate and concerning the Debtors rights and remedies with regard to the estate's assets and claims of secured, priority and unsecured creditors and other parties in interest; (b) appear for; prosecute, defend, and represent the Debtor's interest in adversary proceedings and/or contested matters arising in or related to this case; (c) investigate and prosecute preference and other actions arising under the Debtor's avoiding powers; (d) assist in the preparation of such pleadings, motions, notices and orders as are required for the orderly administration of this estate and to consult with and advise the Debtor in connection with the operation of or termination of the operation of the business of Debtor; (e) assist in the preparation of a plan for reorganization and to present said plan of reorganization to this Court for approval and confirmation; and (f) undertake all other necessary and appropriate legal representation of the Debtor in this proceeding. The firm will be paid at these rates: Marc Honey, Esq. $375 per hour Alexandra Honey, Esq. $250 per hour Paralegal $125 per hour The firm received a retainer in the amount of $28,262. Marc Honey, Esq., an attorney at Honey Law Firm, disclosed in a court filing that his firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: 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 Evcon Rentals Corporation Evcon Rentals Corporation is an equipment rental company based in Hot Springs, Arkansas. It provides a range of industrial, construction, and landscaping equipment for rent to contractors and individual consumers. The Company operates multiple locations in the region and offers delivery and pick-up services. Evcon Rentals Corporation sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Ark. Case No. 25-70643) on April 16, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Richard D. Taylor handles the case. The Debtor is represented by Marc Honey, Esq. at HONEY LAW FIRM, P.A. EXTENSIONS PLUS: Has Deal on Cash Collateral Access --------------------------------------------------- Extensions Plus, Inc. asks the U.S. Bankruptcy Court for the Central District of California, San Fernando Valley Division, for approval of its fifth stipulation with JPMorgan Chase Bank authorizing the continued use of cash collateral and providing adequate protection to the lender. The Debtor requests authority to continue using JPMorgan's cash collateral from June 24 through September 22, thereby extending a series of previously approved cash collateral agreements that have enabled it to maintain operations throughout its Chapter 11 case. The bankruptcy filing was prompted by significant financial pressure arising from litigation with Raj Hair International Pvt. Ltd. Prior to filing, Raj obtained a judgment against the Debtor totaling approximately $2.6 million and was preparing to proceed with a second phase of the litigation seeking punitive damages. That trial was scheduled to begin on June 24, 2025, one day after the bankruptcy filing. In addition, Raj had begun efforts to levy the debtor's bank accounts, threatening to disrupt cash flow and potentially force the Debtor to cease operations. The Debtor states that Chapter 11 protection was necessary to halt these collection efforts, preserve its business, and provide an opportunity to reorganize its financial affairs. Shortly after the bankruptcy filing, counsel for the Debtor negotiated a consensual cash collateral arrangement with JPMorgan, one of its secured lenders. Since then, the bankruptcy court has approved four successive stipulations authorizing the use of JPMorgan's cash collateral. The first order covered the period from June 23 through September 23, 2025; the second extended authority through December 23, 2025; the third covered December 24, 2025, through March 23; and the fourth authorized use through June 236. The Debtor seeks to continue the arrangement for an additional three-month period ending September 22. Under the proposed fifth stipulation, the Debtor will continue making monthly adequate protection payments of $13,000 to JPMorgan while receiving authorization to use cash collateral necessary to fund its ongoing business operations. In exchange, the bank will receive replacement liens and other adequate protection to preserve the value of its secured interests during the bankruptcy case. JPMorgan holds two secured loans made to the Debtor. As of the filing of the motion, the outstanding balance on the first loan was approximately $64,869, while the second loan had an outstanding balance of approximately $285,202. In addition to business collateral, Loan 1 is secured by a deed of trust against the personal residence of the Debtor's principal, Helene Stahl. The Debtor emphasizes that access to cash collateral remains essential for the continued operation of the business. Without the ability to use proceeds generated from JPMorgan's collateral, the company contends it would be unable to meet operating expenses while pursuing its reorganization efforts. The Debtor indicates that it expects to seek further extensions of the stipulation if necessary as the bankruptcy case progresses. Finally, the Debtor notes that a confirmation hearing on its amended Chapter 11 plan is scheduled for August 27. It argues that approval of the fifth cash collateral stipulation is consistent with 11 U.S.C. Section 363(c)(2) because JPMorgan has affirmatively consented to the use of its cash collateral and will receive adequate protection of its secured claims. A copy of the motion is available at https://urlcurt.com/u?l=0f196R from PacerMonitor.com. About Extensions Plus Inc. Extensions Plus, Inc. designs and supplies high-quality women's hairpieces and wigs, including custom and ready-made styles made from real Indian human hair. It serves clients globally and domestically, including those experiencing hair loss and celebrities seeking premium hair extensions. Founded in 1988, Extensions Plus operates out of its headquarters in Tarzana, California. Extensions Plus sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-11102) on June 23, 2025. In its petition, the Debtor reported estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Victoria S. Kaufman handles the case. The Debtor is represented by Peter T. Steinberg, Esq., at Steinberg Nutter and Brent. JPMorgan Chase Bank, as lender, is represented by: LUKAS SOSNICKI, CSB THOMPSON COBURN LLP lsosnicki@thompsoncoburn.com 10100 Santa Monica Blvd., Suite 500 Los Angeles, CA 90067 Tel: 310.282.2500 Fax: 310.282.2501 -and- BRIAN W. HOCKETT, Esq THOMPSON COBURN LLP bhockett@thompsopncobum.com One U.S. Bank Plaza, Suite 2700 St. Louis, MO 63101 Tel: 314.552.6461 Fax: 314.552.7000 FIREFLY NEUROSCIENCE: Terminates $1M Securities Purchase Agreement ------------------------------------------------------------------ Firefly Neuroscience, Inc. announced in a regulatory filing that the Company and an accredited investor mutually agreed in writing to terminate a securities purchase agreement, pursuant to Section 5.3 thereof, with such termination effective as of June 25, 2026. The Purchase Agreement, dated May 6, 2026, provided for the Company to issue and sell to the Investor up to 666,667 units at a purchase price of $1.50 per unit, for aggregate gross proceeds of up to $1,000,000. About Firefly Firefly Neuroscience, Inc. (NASDAQ: AIFF) (formerly WaveDancer, Inc.) is an Artificial Intelligence company developing innovative solutions that improve rain health outcomes for patients with neurological and mental disorders. The FDA-510(k)-cleared Brain Network Analytics (BNA) software platform is designed to advance diagnostic and treatment approaches for individuals with mental illnesses and cognitive disorders, such as depression, dementia, anxiety, concussions, and attention-deficit/hyperactivity disorder (ADHD). Toronto, Ontario-based CBIZ Canada LLP, 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 significant losses and accumulated deficit and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $10.91 million in total assets, $2.47 million in total liabilities, and $8,44 million in total stockholders' equity. FLOAT ALASKA: Seeks OK to Revise Ch.11 Plan After Missed Payment ---------------------------------------------------------------- Alex Wittenberg of Laaw360 Bankruptcy Authority reports that Float Alaska has requested authorization from a Delaware bankruptcy judge to amend its confirmed Chapter 11 plan and disclosure statement after missing a payment required under its reorganization. The airline operator said the proposed revisions are intended to accommodate a new financing or investment transaction. The debtor told the court that completing the transaction would strengthen its liquidity and improve its ability to carry out the objectives of its confirmed restructuring plan. Company representatives argued that modifying the plan is preferable to risking further financial distress and will provide greater value for creditors than maintaining the existing terms. The motion seeks approval of the revised plan documents so Float Alaska can move forward with the proposed transaction. The bankruptcy court is expected to evaluate whether the amendments are appropriate and whether additional creditor approvals are required, the report cites. 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. FREEDOM FOREVER: Hires Cascadia Capital LLC as Investment Banker ---------------------------------------------------------------- Freedom Forever LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Cascadia Capital, LLC as investment banker. The firm will render these services: (a) assist the Debtors in analyzing their business, operations, properties, financial condition, and prospects; (b) prepare and distribute information in connection with a Transaction; (c) identify and solicit potential acquirers, financing sources, or partners for a Transaction; (d) assist in the determination of the form, structure, terms, and pricing of a Transaction; (e) assist the Debtors on tactics and strategies for negotiating with potential counterparties and stakeholders and, if requested by the Debtors, participate in such negotiations; (f) advise the Debtors in the timing, nature, and terms of new securities, other consideration, or other inducements to be offered pursuant to a Transaction; (g) render financial advice and participate in meetings or negotiations with stakeholders or outside agencies or appropriate parties in connection with a Transaction; (h) attend meetings of the Debtors' management teams with respect to matters on which Cascadia has been engaged to advise the Debtors; (i) provide oral and written testimony, as necessary, with respect to matters on which Cascadia has been engaged to advise the Debtors in any proceedings before the Court; and (j) provide such other services as may be mutually agreed by Cascadia and the Debtors. Cascadia will receive compensation as follows: (a) Initial Restructuring Fee: A non-refundable initial restructuring fee payable (and which was paid) upon the execution of the Engagement Agreement in the amount of $75,000. (b) Monthly Fee(s): A non-refundable monthly fee, payable upon each monthly anniversary of the Initial Restructuring Fee payment date, equal to $75,000 per month; provided, that 50% of each Monthly Fee earned after the third monthly anniversary of the Engagement Agreement shall be creditable against the Restructuring Fee or Sale Fee, as applicable. (c) Financing Fee: a non-refundable financing fee payable at each closing of a Financing equal to the applicable percentage set forth in the following of the gross proceeds and/or aggregate principal amount (as applicable) of any Financing irrevocably committed or funded in connection with such Financing (whether or not actually drawn): (i) 2.0% for bank debt or first lien secured debt or DIP (collectively "Senior Debt"); (ii) 3.0% for debt junior to Senior Debt and is not an Equity-Linked Security; (iii) 5.0% for equity or equity-linked securities (including but not limited to, preferred securities, securities with warrants, and convertible notes) ("Equity-Linked Securities"). (d) Restructuring Fee: A restructuring fee equal to $1,000,000 payable upon consummation of a Restructuring (a "Restructuring Fee"); provided, however, if a Restructuring is to be completed through a "pre-packaged" or "pre-arranged" plan of reorganization, the Restructuring Fee shall be earned upon the earlier of: (i) execution of definitive agreements with respect to such plan; and (ii) delivery of binding consents to such plan by a sufficient number of creditors and/or bondholders, as the case may be, to the plan; provided further, that the Restructuring Fee shall be payable upon the earlier of the effective date of the plan of reorganization or an order authorizing payment by the United States Bankruptcy Court. (e) Sale Fee: A non-refundable sale fee payable upon the consummation of any Sale in an amount equal to the greater of (i) $1,000,000 or (ii) 4.0% of the Aggregate Consideration (the "Sale Fee"). In the event that both a Sale Fee and Restructuring Fee are earned, the Sale Fee shall be credited to the Restructuring Fee; provided that in no event shall the Restructuring Fee be reduced below $0. (f) Expenses: In addition to any other compensation payable to Cascadia under the Engagement Agreement, the Debtors shall reimburse Cascadia for all reasonable out-of-pocket expenses incurred by Cascadia in connection with the performance of the Engagement Agreement, irrespective of whether a Transaction is completed. Such expenses may include, without limitation, costs relating to printing, delivery, database charges, out-of-town travel, direct out-of-pocket expenses, and required advice from counsel. All reimbursements shall be made within ten (10) business days of being invoiced by Cascadia. Cascadia shall seek the prior written approval of the Debtors to incur expenses which in the aggregate exceed $25,000. Lorie Beers, a managing director and the head of Restructuring and Special Situations at Cascadia Capital, 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: Lorie Beers Cascadia Capital, LLC 920 5th Avenue, Suite 1500 Seattle, WA 98104 Telephone: (206) 436-2500 About Freedom Forever LLC Freedom Forever LLC is a Temecula, California-based residential solar installation company that serves homeowners in more than 30 states. It operates as an engineering, procurement and construction platform, providing solar panel installation, energy storage and financing services through employees and independent authorized dealers. The company also offers proprietary software that supports project visibility, permitting and customer transparency. Freedom Forever LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 26-10522) on April 15, 2026. At the time of the filing, Freedom Forever had estimated assets of between $100,000,001 to $500 million and liabilities of between $500,000,001 to $1 billion. Judge Brendan Linehan Shannon oversees the case. The Debtors tapped Morris, Nichols, Arsht & Tunnell LLP as bankruptcy counsel; Holland & Hart LLP and Landis Rath & Cobb LLP as special counsel; and Berkeley Research Group, LLC as financial advisor. Kroll Restructuring Administration LLC is the Debtors' administrative advisor. FUND FOR SANDY: Taps CAN-US Tax & Accounting Inc. as Accountant --------------------------------------------------------------- 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 CAN-US Tax & Accounting, Inc. as accountant. The accountant will assist with preparing the Debtor's 2025 tax filings. The accountant will be compensated with a fee in the amount of $1,300 for the preparation of the Debtor's Federal Form 1065, and $200 for the preparation and filing of the Debtor's North Carolina tax return As disclosed in the court filings, CAN-US Tax & Accounting, Inc. is a disinterested party within the meaning of 11 U.S.C. Sec. 101(14) and 11 U.S.C. Sec. 327(a). The firm can be reached through: Elliott Milek CAN-US Tax & Accounting, Inc. 8081 W Sample Rd Coral Springs, FL 33065 Phone: (561) 757-0253 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. GALOIS GROUP: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------- Debtor: Galois Group, LLC 520 Newport Center Drive, Suite 480 Newport Beach, CA 92660 Business Description: Galois Group, LLC is a single asset real estate company that owns and leases a multi- tenant retail shopping center in Valencia, California. Chapter 11 Petition Date: June 29, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-11995 Judge: Hon. Mark D. Houle Debtor's Counsel: Kyra E. Andrassy, Esq. RAINES FELDMAN LITTRELL LLP 4675 MacArthur Court, Suite 1550 Newport Beach, CA 92660 Tel: (310) 440-4100 E-mail: kandrassy@raineslaw.com Estimated Assets: $50 million to $100 million Estimated Liabilities: $50 million to $100 million The petition was signed by Jason Miller as manager. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/LJC2RHY/Galois_Group_LLC__cacbke-26-11995__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Vierergruppe Management Inc. $234,648 1932 East Deere Avenue Suite 150 Santa Ana, CA 92705 Tel: (714) 442-0625 Email: jennifer@vgruppemanagement.com 2. Patron Valencia Inc. Security Deposit $27,807 dba Patron's Mexican Bar and Grill 28281 Newhall Ranch Road #B Valencia, CA 91355 3. E.R.G. Management Group Inc. $22,038 7045 Woodley Ave Apt. 119 Van Nuys, CA 91406 Tel: (805) 496-9646 4. Burrtec Waste Industries, Inc. (150) $17,019 PO Box 512403 Los Angeles, CA 90051 5. The Little Gym Security Deposit $16,625 28313 Newhall Ranch Road #3-A Valencia, CA 91355 6. Stay Green Inc $15,902 26415 Summit Circle Santa Clarita, CA 91350 Tel: (661) 291-2800 Email: kmorales@staygreen.com 7. Ontario Refrigeration Services, Inc. $15,380 635 S. Mountain Avenue Ontario, CA 91762 Tel: (909) 984-2771 Email: dsoto@ontref.com 8. Olive Terrace Security Deposit $14,490 28261 Newhall Ranch Road #2-H Valencia, CA 91355 9. Canyon Dental Group Security Deposit $12,396 West Coast Dental 28237 Newhall Ranch Road #1-L Valencia, CA 91355 10. Salon Studios Security Deposit $11,088 28269 Newhall Ranch Road #2-C Valencia, CA 91355 11. Lindora Medical Security Deposit $10,500 28245 Newhall Ranch Road #C Valencia, CA 91355 12. El Fuego Mexican Grill Security Deposit $8,040 28301 Newhall Ranch Road #3-G Valencia, CA 91355 13. Charminar Indian Restaurant Security Deposit $7,350 28255 Newhall Ranch Road #2-L Valencia, CA 91355 14. The Habit Security Deposit $7,000 28251 Newhall Ranch Road #2-N Valencia, CA 91355 15. YPJK Management, Inc. Security Deposit $6,875 28267 Newhall Ranch Road #2-E Valencia, CA 91355 16. Shellback Plumbing & Drain Inc $6,380 25030 Avenue Stanford Suite 130 Valencia, CA 91351 17. Sonic Janitorial LLC $6,244 3011 Albany Dr Apt. 107 Oxnard, CA 93033 18. Teriyaki Madness Security Deposit $5,950 28227 Newhall Ranch Road #1-F Valencia, CA 91355 19. Camacho, Moises $5,920 5590 W. Mission Blvd Ontario, CA 91762 Email: camachocontracting08@gmail.com 20. West Coast Nutra Security Deposit $5,418 28305 Newhall Ranch Road #3-C Valencia, CA 91355 GCI LLC: S&P Cuts Unsecured Debt Rating to 'B+', On Watch Negative ------------------------------------------------------------------ S&P Global Ratings assigned its 'BB+' issue-level rating and '1' recovery rating to Alaska-based diversified telecommunications provider GCI LLC's $155 million delayed-draw term loan A-1 due in 2031 and $300 million term loan A-2 due in 2031. The '1' recovery rating indicates its expectation of very high (90%-100%; rounded estimate: 95%) recovery in the event of a payment default. The delayed-draw term loan A-1 will fund a portion of the acquisition of Quintillion (a fiber connectivity provider in Alaska) or to repay related debt. Proceeds from the term loan A-2 will be used for general corporate purposes, including repayment of GCI debt. S&P said, "We subsequently lowered our issue-level ratings on the company's unsecured debt to 'B+' from 'BB-' and revised our recovery rating to '5' from '4', reflecting lower recovery prospects for unsecured lenders on higher secured debt balances despite raising our default valuation of GCI. At the same time, we placed the unsecured debt rating on CreditWatch with negative implications. "GCI did not specify how much debt it would repay or whether it would be secured or unsecured. We assume in our analysis it will use most of the term loan A-2 proceeds toward unsecured debt. "The CreditWatch reflects the potential that recovery prospects for unsecured lenders could weaken further if GCI uses most proceeds to repay its outstanding revolver balance and does not materially reduce the unsecured debt balance. We likely will resolve the CreditWatch once we have definitive information on use of term loan A-2 proceeds. "We raised our default valuation of GCI to about $1.25 billion from about $930 million primarily due to the incremental value from the Quintillion acquisition and improved operating performance. We view the acquisition favorably because it improves GCI's network resiliency and reliability. Furthermore, we expect modest synergies that it can reinvest into network improvements. "Our 'BB-' issuer credit rating and stable outlook on the company are unaffected. While pro forma adjusted debt to EBITDA will rise to about 3.3x from about 2.7x as of March 31, 2026, we believe GCI can reduce leverage on modest earnings growth through 2027 on average revenue per user growth and cost savings related to the acquisition. We plan to provide a detailed recovery analysis, likely when we resolve the CreditWatch." GENESIS HEALTHCARE: Residents Say Injury Claims Are Deprioritized ----------------------------------------------------------------- Alex Wolf of Bloomberg Law reports that residents suing bankrupt nursing home operator Genesis Healthcare Inc. are asking a Texas bankruptcy judge to reject the company's effort to reduce the payment priority of personal injury claims tied to alleged negligence during its Chapter 11 proceedings. The claimants argue that allegations of abuse, sexual assault, neglect, and wrongful death occurring after the bankruptcy filing qualify as administrative expenses because they arose from Genesis' post-petition operation of its healthcare facilities. As administrative claims, they would generally be entitled to payment before most other unsecured obligations. Genesis, however, is seeking to treat many of the claims as ordinary unsecured debt even though the company reportedly faces more than $400 million in personal injury exposure. The company contends that granting elevated status to the claims would complicate its reorganization and negatively affect creditor recoveries, the report relays. The dispute highlights the tension between compensating individuals allegedly harmed during bankruptcy and preserving value for creditors under a restructuring plan. The court's eventual ruling may influence the handling of similar healthcare-related claims in future Chapter 11 cases, according to Bloomberg. 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. GEO T. SCHMIDT: Secured Creditor Sets July 7, 2026 Foreclosure Sale ------------------------------------------------------------------- On July 7, 2026 at the hour of 2:00 p.m. Central Time, Core Industrial Finance & Capital LLC ("Secured Creditor") as secured creditor of Geo T. Schmidt, Inc. (the "Obligor"), located in Niles, Illinois, will hold a publicly advertised foreclosure sale via a virtual platform under Section 9-610 of the Uniform Commercial Code of all of the personal property collateral pledged to Secured Creditor, including, without limitation, Accounts, Chattel Paper, Deposit Accounts, Documents, Electronic Chattel Paper, Equipment, Machinery, Fixtures, General Intangibles, Goods, Instruments, Inventory, Investment Property, Payment Intangibles, Pledged Deposits, Receivables, Securities, Software, Supplies, Supporting Obligations, Tooling, Computer Servers, Computers and Monitors, Tool Holders, Carts, Work Benches and Work Tables, Bills of Materials, Builds of Materials, Work Instructions, Drawings, Specifications, Computer Programs, and other personal property and proceeds or products of any of the foregoing, other than any collateral specifically excluded by Secured Creditor in its discretion. The Obligor is generally in the business of designing, building and marketing advanced engraving and marking systems for identification and traceability, including laser marking, pin marking, press marking and roll marking equipment and devices. The sale will be held on a "where is, as is" basis, without any representations and warranties, express or implied. There is no warranty relating to title, possession, quiet enjoyment, access or the like in this disposition. Secured Creditor intends to offer the assets as a single lot. Secured Creditor reserves the right to designate sublots. Secured Creditor reserves the right to establish other reasonable bidding procedures and to have potential bidders demonstrate their ability to perform and close to the reasonable satisfaction of Secured Creditor. Secured Creditor reserves the right to credit bid or to increase any credit bid price at the public sale. Secured Creditor also reserves the right to adjourn, continue or cancel the publicly advertised sale without further notice. Qualified bidders may be permitted to submit written bids in advance or participate in the publicly advertised sale via a virtual conference call. Any parties interested in further information about these assets should contact the counsel for the Secured Creditor as set forth below: Robert E. Richards DENTONS US LLP 233 South Wacker Drive, Suite 5900 Chicago, IL 60606 Telephone: (312) 876-7396 E-mail: robert.richards@dentons.com GLG INVESTMENTS: Hires Emperor Insurance as Independent Broker -------------------------------------------------------------- GLG Investments, LLC and affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Edward Dopazo and Emperor Insurance, Inc. as independent insurance broker and agents. Emperor Insurance will assist in the management of the insurance policy coverage for the Debtors' properties. Mr. Dopazo is well positioned to advise on insurance coverage needs and assist with transition of coverage should the Debtors acquire new insurance coverage. The firm can be reached through: Edward Dopazo Emperor Insurance, Inc. 12928 SW 133 Ct, Suite A Miami, FL 33186 Phone: (305) 238-7733 About GLG Investments, LLC et al GLG Investments, LLC, GL3, LLC, GL7, LLC, and GL16, LLC owned and operated a portfolio of residential real estate properties that generate rental income and served as their primary assets prior to the receivership proceedings. A number of the properties participate in the Housing Choice Voucher Program, under which a public housing authority pays a portion of tenant rent directly. GLG Investments and affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Florida Case No. 26-16159) on May 13, 2026. At the time of the filing, Debtors had estimated assets of between $100,001 and $500,000 and liabilities of between $100,001 and $500,000. Judge Laurel M. Isicoff oversees the case. Agentis PLLC is Debtors' legal counsel. GREER EXCAVATING: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------------- Lead Debtor: Greer Excavating LLC 182 Joe Tabor Road Crossville, TN 38571 Business Description: Greer Excavating LLC provides commercial excavation and site-preparation services, including grading, hauling, underground utilities, trenching, drainage installation, land clearing and related earthwork. The company, based in Crossville, Tennessee, serves commercial, municipal and utility customers across Tennessee. Chapter 11 Petition Date: June 29, 2026 Court: United States Bankruptcy Court Middle District of Tennessee Two affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Greer Excavating LLC (Lead Case) 26-03108 Greer Property Management LLC 26-03109 Judge: Hon. Randal S Mashburn Debtors' Counsel: Henry E. ("Ned") Hildebrand, IV, Esq. DUNHAM HILDEBRAND PAYNE WALDRON, PLLC 9020 Overlook Boulevard, Suite 316 Brentwood, TN 37027 Tel: 615.933.5851 Fax: 629.777.3765 E-mail: ned@dhnashville.com Greer Excavating's Estimated Assets: $500,000 to $1 million Greer Excavating's Estimated Liabilities: $1 million to $10 million Greer Property's Estimated Assets: $1 million to $10 million Greer Property's Estimated Liabilities: $1 million to $10 million The petitions were signed by Charles Dayton Greer as managing member. Full-text copies of the petitions, including Greer Excavating's list of 20 largest unsecured creditors, are available for free on PacerMonitor at: https://www.pacermonitor.com/view/NSCSKBI/Greer_Excavating_LLC__tnmbke-26-03108__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/EZFNJRY/Greer_Property_Management_LLC__tnmbke-26-03109__0001.0.pdf?mcid=tGE4TAMA GREER EXCAVATING: Commences Chapter 11 Bankruptcy in Tennessee -------------------------------------------------------------- On June 29, 2026, Greer Excavating LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Middle District of Tennessee. According to the court filing, the Debtor reports between $1 million and $10 million in liabilities owed to 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on August 7, 2026 at 09:00 AM via Meeting held telephonically. Please call 888-330-1716 and enter code 3884044# to attend. The Chapter 11 Plan and Disclosure Statement are both due by October 27, 2026. About Greer Excavating LLC Greer Excavating LLC is a Crossville, Tennessee-based site preparation and excavation contractor providing excavation, grading, utility installation, and related construction services throughout Middle Tennessee. As of mid-2026, the company remained active on infrastructure projects, including bidding on a $2 million municipal water line project, while maintaining a fleet of heavy equipment and recruiting personnel to support ongoing operations. Greer Excavating LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-02384) on June 29, 2026. In its petition, the Debtor reports estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. Honorable Randal S. Mashburn is overseeing the case. The Debtor is represented by Henry E. Hildebrand, Esq. of Dunham Hildebrand Payne Waldron, PLLC. GRESHAM & GRAHAM: Hires Real Estate Investors Law as Counsel ------------------------------------------------------------ Gresham & Graham General Partnership seeks approval from the U.S. Bankruptcy Court for the District of Arizona to employ The Real Estate Investors Law Firm, LLC as counsel. The firm will render these services: (a) advise the Debtor with respect to the rights, powers and duties in the continued operation and management of its business; (b) prepare and pursue confirmation of a plan of reorganization and approval of a disclosure statement; (c) prepare behalf of the Debtor all necessary applications, motions, answers, proposed orders, other pleadings, and notices, and review all financial and other reports to be filed; (d) advise the Debtor concerning and prepare responses to applications, motions, pleadings, notices and other documents which may be filed by other parties herein; (e) appear in Court to protect the interests of the Debtor; (f) represent the Debtor in connection with use of cash collateral and/or obtaining post-petition financing; (g) advise the Debtor concerning and assist in the negotiation and documentation of financing agreements, cash collateral orders and related transactions; (h) investigate the nature and validity of liens asserted against the property of the Debtor, and advise the Debtor concerning the enforceability of said liens; (i) investigate and advise the Debtor concerning, and take 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 its estate; (j) advise and assist the Debtor in connection with any potential property dispositions; (k) advise the Debtor concerning executory contract and unexpired lease assumptions, assignments and rejections and lease restructuring, and re-characterizations; (l) assist the Debtor in reviewing, estimating and resolving claims asserted against its estate; (m) commence and conduct litigation necessary and appropriately to assert rights held by the Debtor, protect assets of its estate or otherwise further the goal of completing its successful reorganization; and (n) perform all other legal services for the Debtor which may be necessary and proper in this Chapter 11 case. The firm's rates range between $75 and $300 per hour. In addition, the firm will seek reimbursement for expenses incurred. Joseph Urtuzuastegui, Esq., an attorney at The Real Estate Investors, 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 Urtuzuastegui, Esq. The Real Estate Investors Law Firm, LLC 4535 E. McKellips Rd., Suite 1093 Mesa, AZ 85215 Telephone: (480) 660-6250 Email: filings@reilawfirm.com About Gresham & Graham General Partnership Gresham & Graham General Partnership is an Arizona general partnership formed as part of the estate plan of Thomas and Theresa Littler. It was formally created in 2010 although the estate plan of the Littlers originated much earlier. The partnership owned interests in three parcels of real property during its existence. Gresham & Graham sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 26-04149) on April 28, 2026, listing up to $10 million in assets and up to $1 million in liabilities. The case is assigned to Judge Madeleine C. Wanslee. Joseph Urtuzuastegui, Esq., at The Real Estate Investors Law Firm, LLC serves as the Debtor's counsel. GUNTYMCCARTHY LLC: Hires Gausnell O'Keefe & Thomas as Counsel ------------------------------------------------------------- GuntyMcCarthy LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Gausnell, O'Keefe & Thomas, LLC as special counsel. The firm will represent the Debtor in the defense of the legal malpractice claim filed by the Plaintiff and counsel to pursue a counterclaim against the Plaintiff related to legal fees it owed. James Gottschalk, Esq., an attorney at Gausnell, O'Keefe & Thomas, 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: James A. Gottschalk, Esq. Gausnell, O'Keefe & Thomas, LLC 1717 Park Ave. St. Louis, MO 63104 Telephone: (314) 257-9800 Facsimile: (314) 257-9801 About GuntyMcCarthy LLC GuntyMcCarthy LLC, doing business as Gunty & McCarthy, provides civil litigation defense services from its offices in Illinois, handling cases in areas such as insurance coverage, product liability, construction litigation, toxic torts, general negligence, and transportation-related matters, and serving clients including insurers, corporations, and other entities involved in civil disputes. The firm operates primarily out of Chicago and maintains a professional legal team led by partner James McCarthy. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-03454) on Feb. 26, 2026, with $500,000 to $1 million in assets and $1 million to $10 million in liabilities. James McCarthy, sole member, signed the petition. Judge Daniel R. Fine presides over the case. William Factor, Esq. at The Law Office of William J. Factor, Ltd. represents the Debtor as counsel. GVO PARTNERS: Wins Lender Approval for Ch. 11 Cash Collateral Use ----------------------------------------------------------------- Vince Sullivan of Law360 Bankruptcy Authority reports that a Delaware bankruptcy judge said Tuesday, June 30, 2026, she intends to approve GVO Partners LLC's request to use cash collateral, finding that the Chapter 11 debtor needs access to the funds to continue operating its medical spa management business. The request was supported by an agreement reached with the company's secured lenders. The approved arrangement allows the debtor to use lenders' cash collateral to meet ongoing business obligations while providing adequate protection through negotiated safeguards. GVO Partners told the court that without access to the funds, its operations and restructuring efforts could be jeopardized, the report relays. The authorization marks an important early milestone in the company's Chapter 11 proceedings, enabling it to maintain business continuity while pursuing a restructuring plan. The bankruptcy case will continue with additional hearings on financing and other reorganization matters, according to Law360. About GVO Partners LLC GVO Partners LLC is a healthcare-focused investment firm specializing in the medical aesthetics sector. The company partners with medical spas, cosmetic dermatology clinics, and plastic surgery practices, providing growth capital and operational support to help businesses scale and improve profitability. GVO Partners LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10976) on June 16, 2026. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $10 million and $50 million. The Debtor is represented by Thomas Joseph Francella, Jr., Esq. of Raines Feldman Littrell LLP. HALLMARK FINANCIAL: Hires Greenberg Traurig as Regulatory Counsel ----------------------------------------------------------------- Hallmark Financial Services, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Greenberg Traurig, LLP as special regulatory counsel. The Debtor retained Greenberg Traurig prepetition to advise the Debtor on regulatory matters in connection with its operating subsidiaries. The Debtor's operating subsidiaries are highly specialized businesses that are subject to government oversight and regulation, which require specialized legal expertise provided by the firm. The Debtor seeks to employ the firm as special regulatory counsel to continue advising and representing the Debtor with regard to regulatory matters in connection with its restructuring transaction. The firm's current customary hourly rates generally range from $450 to $1,200. The professionals and paraprofessionals primarily responsible for this engagement and their respective standard hourly rates for this matter are as follows: Barry Senterfitt, Shareholder $795 Alison Franklin, Shareholder $950 John Sebastinelli, Shareholder $1,200 Tom Bond, Shareholder $950 The firm received a retainer of $50,000. The following is provided in response to the request for additional information set forth in paragraph D.1 of the Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed Under 11 U.S.C. Sec. 330 by Attorneys in Larger Chapter 11 Cases: Question: Did the firm agree to any variations from, or alternatives to, the firm's standard or customary billing arrangements for this engagement? Answer: No. Question: Do any of the firm professionals included in this engagement vary their rate based on the geographical location of the Debtor's chapter 11 case? Answer: No. The hourly rates used by the firm in representing the Debtor are consistent with the rates that the firm charges other comparable chapter 11 clients, regardless of the location of the chapter 11 case. Question: If the firm has represented the Debtor in the 12 months prepetition, disclose the firm's 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 postpetition, explain the difference and the reasons for the difference. Answer: The firm has represented the Debtor since August 2008, and over the course of the past 12 months immediately prior to the Petition Date. The firm generally increases its hourly rates on January 1 of each year. The rates disclosed herein have been in effect since January 1, 2026, and have not changed postpetition. Question: Has the Debtor approved the firm's prospective budget and staffing plan, and if so, for what budget period? Answer: The firm has provided a good faith estimate of its expected fees and expenses during the course of this chapter 11 case, along with the staffing plan outlined in the Application. Mr. Senterfitt assured the court that his firm does not hold or represent an interest adverse to the Debtor's estate. The firm can be reached through: Barry Senterfitt, Esq. Greenberg Traurig, LLP 2200 Ross Avenue, Suite 5200 Dallas, TX 75201 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, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-80007) on June 15, 2026. In its petition, the Debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $100 million to $500 million. The 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. HALLMARK FINANCIAL: Hires Oliver Wyman as Restructuring Advisor --------------------------------------------------------------- Hallmark Financial Services, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Oliver Wyman, LLC as restructuring advisor. The firm will provide William Snyder as chief restructuring officer and certain additional personnel to the Debtor. The CRO and additional personnel will provide these services: (a) provide William Snyder as CRO for the Debtor, with such role encompassing the responsibilities and authorities, reporting to its board of directors, and be supported by the Oliver Wyman engagement team and its personnel; (b) support and assist the Debtor and its other professionals in connection with execution of its business plan, reorganization plan, and the overall administration of activities within the Chapter 11 proceeding; (c) oversee and assist in the preparation of financial reporting and related disclosures required by the bankruptcy court; (d) provide support and assist in connection with the preparation of financial information for distribution to creditors and others; (e) participate in meetings and provide assistance to any official committee appointed in the case, the U.S. Trustee, other parties in interest; (f) evaluate and make recommendations as needed to maximize the value of the Debtor's assets; (g) provide assistance in connection with the preparation of analysis of creditor claims; (h) provide assistance in connection with the evaluation and analysis of avoidance actions; (i) provide testimony in litigation/bankruptcy matters as required; (j) evaluate the cash flow generation capabilities of the Debtor for valuation maximization opportunities; (k) manage professionals engaged by the Debtor, or committees or other stakeholders involved in the Chapter 11 case and its restructuring, and directly communicate with such stakeholders as appropriate; (l) provide assistance in connection with communications and negotiations with constituents; (m) assist in development and support of a plan of reorganization, the preparation of information and analysis necessary for the development of a plan and disclosure statement, and confirmation of a plan in the chapter 11 proceeding; and (n) perform other tasks as directed by the Debtor's board of directors and agreed to by Oliver Wyman. The firm will be paid at these hourly rates: William Snyder, CRO $1,295 Senior Managing Directors $895- $1,295 Soegiono (Sugi) Hadiwijaya, Adjunct CRO $895 Managing Directors $695 - $950 Directors $550 - $795 Jennifer Legenza, Manager $495 Managers and Senior Associates $550 - $795 Director, Manager and/or Sr. Associate TBD $350 - $795 In addition, the firm will seek reimbursement for expenses incurred. Prior to the closing of the transaction with Oliver Wyman, the Debtor paid CR3 an aggregate of $258,555 for professional services performed and expenses incurred and as a retainer, and CR3 incurred $279,956.50 in fees and expenses during the same period; and (ii) after the closing of the transaction with Oliver Wyman, the Debtor paid Oliver Wyman an aggregate of $143,704 for professional services performed and expenses incurred and as a retainer, and Oliver Wyman incurred $114,900 in fees and expenses during the same period. Mr. Snyder disclosed in a court filing that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: William Snyder Oliver Wyman, LLC 1166 Avenue of the Americas New York, NY 10036 Telephone: (214) 415-7167 Email: William.snyder@cr3partners.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. HALLMARK FINANCIAL: Hires Raymond James as Investment Banker ------------------------------------------------------------ Hallmark Financial Services, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Raymond James & Associates, Inc. as its investment banker. The firm will render these services: a. review and analyze the Debtor's business, operations, properties, financial condition and Prospective Counterparties; b. evaluate the Debtor's debt capacity, including by advising the Debtor generally as to available financing and assisting in the determination of an appropriate capital structure; c. evaluate potential Transaction alternatives and strategies; d. prepare documentation within Raymond James's area of expertise in connection with any Transaction; e. identify Prospective Counterparties regarding one or more Transactions; f. contact Prospective Counterparties on behalf of the Debtor and with prior written consent by the Debtor, which Raymond James, after consultation with the Debtor's management, believes meet certain industry, financial, and strategic criteria and assist the Debtor in negotiating and structuring any transaction; g. advise the Debtor as to potential Transactions and negotiations in connection therewith; h. as and if applicable, advise the Debtor on tactics and strategies for negotiating with holders of the Debtor's securities, debt obligations, and/or other claims of the Debtor; i. advise the Debtor on the timing, nature, and terms of any new securities, other considerations, or other inducements to be offered to its stakeholders in connection with any Transaction; j. participate in the meetings of the Debtor's board of directors and management as determined by the Debtor to be appropriate, and, upon request, provide periodic status reports and advice to the board with respect to matters falling within the scope of Raymond James's retention; k. assist the Debtor in responding to inquiries and information requests regarding the Debtor, including, without limitation, arranging and participating in visits to the Debtor's facilities by, and meetings and conference calls with, prospective buyers, and maintaining and organizing the Debtor's virtual data room; l. as the Debtor may reasonably request, provide explanatory and supporting testimony in respect of any Transaction being pursued; and m. render such other financial advisory services as may be necessary, advisable, or incidental in connection with a potential Transaction to the extent such services are customary for investment bankers to provide in engagements comparable to the one hereunder, in each case as may be requested by the Debtor and agreed to by Raymond James. Raymond James will be compensated as follows: a. Advisory Retainer. The Debtor shall pay Raymond James non-refundable cash retainers as follows: (i) an initial retainer of $250,000 upon the execution of the Engagement Agreement; and (ii) a monthly retainer of $75,000 on the first of the month following the execution of the Engagement Agreement and again every month thereafter (each, a Monthly Retainer). The first six (6) Monthly Retainers received by Raymond James shall be deducted from and credited (once and without duplication but never to an amount less than zero) against the first of any Transaction Fee paid thereafter. b. Transaction Fees. If, during the term of the Engagement Agreement or the applicable tail period, any Transaction is agreed upon and subsequently closes (or, in the case of a Restructuring Transaction, any amendment to or other change in the instruments or terms governing the Debtor's existing obligations becomes effective), the Debtor shall pay Raymond James a nonrefundable cash transaction fee (a Transaction Fee), as a cost of such Transaction, payable simultaneously with the transmission of the applicable Transaction proceeds, in the amount determined by the type of Transaction as set forth below: c. Restructuring Transaction Fee. The Transaction Fee for a Restructuring Transaction shall be $1,750,000, payable upon the earlier of (i) the closing of a Restructuring Transaction or (ii) the date on which any amendment to, or other change in, the instruments or terms pursuant to which any of the Debtor's existing obligations were issued or entered into becomes effective. In no event shall more than one Restructuring Transaction Fee be payable under the Engagement Agreement. d. Business Combination Transaction Fee. The Transaction Fee for a Business Combination Transaction (a BCT Fee) shall be the greater of (i) $1,250,000 and (ii) the sum of (1) three percent (3.0%) of BCT Enterprise Value up to and including $25,000,000, plus (2) four percent (4.0%) of BCT Enterprise Value in excess of $25,000,000. The BCT Fee shall be payable simultaneously with the closing of the Business Combination Transaction, time being 'of the essence'. e. Expense Reimbursement. Raymond James will be entitled to reimbursement for all documented out-of-pocket expenses (including Services-Related Legal Expenses) reasonably incurred in connection with the provision of services under the Engagement Agreement, payable upon the earlier of thirty (30) days from the Debtor's receipt of an invoice or the Closing; provided that expenses in excess of $50,000 in the aggregate shall require the Debtor's written approval (not to be unreasonably withheld, delayed, or conditioned). Raymond James is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code, according to court filings. The firm can be reached through: Geoffrey Richards Raymond James & Associates, Inc. 880 Carillon Parkway St. Petersburg, FL 33716 Phone: (212) 885-1885 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, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-80007) on June 15, 2026. In its petition, the Debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $100 million to $500 million. The 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. HALLMARK FINANCIAL: Hires Stretto as Claims and Noticing Agent -------------------------------------------------------------- Hallmark Financial Services, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Stretto, Inc. as claims, noticing, and solicitation agent. Stretto will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 case of the Debtor. Prior to the petition date, the Debtor provided Stretto an advance in the amount of $30,000. Sheryl Betance, a senior managing director at Stretto, 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: Sheryl Betance Stretto, Inc. 410 Exchange, Ste. 100 Irvine, CA 92602 Telephone: (714) 716-1872 Email: sheryl.betance@stretto.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. HALLMARK FINANCIAL: Seeks to Tap Gray Reed as Bankruptcy Counsel ---------------------------------------------------------------- Hallmark Financial Services, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Gray Reed as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties the continued management and operation of its business; (b) advise and consult the conduct of this Chapter 11 case; (c) attend meetings and negotiate with representatives of creditors and other parties in interest; (d) take all necessary actions to protect, preserve, and maximize the value of the Debtor's estate; (e) prepare pleadings in connection with this Chapter 11 case; (f) represent the Debtor in connection with obtaining authority to continue using cash collateral and securing post-petition financing; (g) appear before the Court and any appellate courts to represent the interests of the Debtor's estate; (h) take any necessary action on behalf of the Debtor to negotiate, prepare, and obtain approval of a disclosure statement and confirmation of a Chapter 11 plan and all documents related thereto; and (i) perform all other necessary legal services for the Debtor in connection with its Chapter 11 case that it determines necessary and appropriate. The firm will be paid at these hourly rates: Jason Brookner, Partner $1,195 Aaron Kaufman, Partner $985 Lydia Webb, Partner $920 Emily Shanks, Associate $700 Blake Bryan, Associate $525 Veronica Salazar, Paralegal $475 In addition, the firm will seek reimbursement for expenses incurred. Prior to the petition date, the firm received retainer installments totaling $970,000 from the Debtor. Mr. Kaufman also provided the following in response to the request for additional information set forth in Section D of the Revised U.S. Trustee Guidelines: Question: Did the firm agree to any variations from, or alternatives to, the firm's standard or customary billing arrangements for this engagement? Answer: No. Question: Do any of the firm professionals included in this engagement vary their rate based on the geographical location of the Debtor's Chapter 11 case? Answer: No. Question: If the firm has represented the Debtor in the 12 months prepetition, disclose the firm's 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. Answer: Gray Reed has represented the Debtor since December 2024, and over the course of the past 12 months immediately prior to the petition date. Gray Reed generally increases its hourly rates on January 1 of each year. The rates disclosed herein have been in effect since January 1, 2026, and have not changed post-petition. Question: Has the Debtor approved the firm's prospective budget and staffing plan, and if so, for what budget period? Answer: Gray Reed has provided a good faith estimate of its expected fees and expenses during the course of this Chapter 11 case, along with the staffing plan outlined in the application. The Debtor incorporated such good faith estimates into an approved budget. Mr. Kaufman 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: Aaron M. Kaufman, Esq. Gray Reed 1845 Woodall Rodgers Fwy., Ste. 1300 Dallas, TX 75201 Telephone: (214) 954-4135 Facsimile: (214) 953-1332 Email: akaufman@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: Committee Taps Kelley Drye as Special Counsel --------------------------------------------------------------- The official committee of unsecured creditors of Harvest Sherwood Food Distributors, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Kelley Drye & Warren LLP as its special counsel. Kelley Drye will render these services: a) assist McDermott and the Committee in all matters related to the DIP Replacement Motion and DIP Financing Dispute, including the Bidding Procedures, Proposals, and Plan Transaction; b) participate in in-person and telephonic meetings of the Committee in connection with the DIP Financing Dispute, Bidding Procedures, Proposals, and Plan Transaction; c) assist McDermott and the Committee in its analysis of, and negotiations with, the Debtors or any third party related to the DIP Replacement Motion, DIP Financing Dispute, Bidding Procedures, Proposals, and Plan Transaction; d) assist McDermott and the Committee in its analysis of, and negotiations with, the Debtors or any third party related to the formulation, confirmation, and implementation of a chapter 11 plan(s) and all documentation related thereto (including the disclosure statement and plan supplement(s)); e) take all necessary or appropriate actions as may be required, in coordination with McDermott, in connection with the administration of the Debtors' estates, including with respect to a chapter 11 plan and related disclosure statement and plan supplement(s); and f) perform such other legal services as may be necessary or as may be requested by the Committee in accordance with the Committee's powers and duties as set forth in the Bankruptcy Code. Kelley Drye's standard hourly rates are: Partners $975 - $1,575 Special Counsel $600 - $1,135 Associates $605 - $1,015 Paraprofessionals $310 - 540 The following is provided in response to the request for additional information set forth in paragraph D.1 of the Appendix B Guidelines. Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Answer: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Answer: 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 for 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. Answer: N/A. Kelley Drye did not represent the Committee in the 12 months prepetition. Question: Has your client approved Kelley Drye's budget and staffing plan, and, if so, for what budget period? Answer: Not yet As disclosed in the court filings, Kelley Drye is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: James S. Carr, Esq. Andrew J. Matott, Esq. KELLEY DRYE & WARREN LLP 3 World Trade Center 175 Greenwich Street New York, NY 10007 Telephone: (212) 808-7800 Email: jcarr@kelleydrye.com amatott@kelleydrye.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. HAWTHORNE RACE: Plan Exclusivity Period Extended to Oct. 26 ----------------------------------------------------------- Judge Timothy A. Barnes of the U.S. Bankruptcy Court for the Northern District of Illinois extended Hawthorne Race Course, Inc. and affiliates' exclusive periods to file a plan of reorganization and obtain acceptance thereof to Oct. 26 and Dec. 24, 2026, respectively. As shared by Troubled Company Reporter, the Debtors explain that they have obtained Court approval of debtor in possession financing to enable continued operations through a sale process. The Debtors have implemented procedures for the marketing and sale of their assets, either as a going concern or as a real estate sale. The current bid deadline is June 26, 2026 and a hearing to approve a sale is scheduled for July 13, 2026. Any closing is not anticipated to occur until early August. The Debtors thus seek an extension of the Exclusive Periods so that the Debtors, in consultation with the Committee, can work to develop a viable plan. The Debtors claim that they have a reasonable prospect for proposing a viable chapter 11 plan. The Debtors anticipate that the sale proceeds will exceed the amount of all secured, administrative, and priority claims. The Debtors intend to work with the Committee in formulating a plan. Any proposed plan will be structured so as to ensure a maximum recovery to the Debtors' creditors and parties in interest. Until a sale has closed, however, the Debtors will be unable to formulate the plan. The Debtors do not believe that the requested extension of the Exclusive Periods will harm the Debtors' creditors or other parties in interest. The Debtors have conducted these Chapter 11 Cases in an efficient manner, for the benefit of creditors and other parties in interest. The Debtors are not seeking this extension to prejudice their creditors or to otherwise pressure creditors to submit to reorganization demands. Counsel for the Debtors: Barry A. Chatz, Esq. David A. Golin, Esq. SAUL EWING LLP 161 North Clark Street, Suite 4200 Chicago, IL 60601 Telephone: (312) 876-7100 Email: barry.chatz@saul.com david.golin@saul.com About Hawthorne Race Course Hawthorne Race Course Inc. operates a historic racetrack that provides Thoroughbred and Standardbred racing events along with off-track betting throughout Chicago. Hawthorne Race Course Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-03505) on Feb. 27, 2026. In its petition, the Debtor listed assets ranging from $50 million to $100 million and liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Timothy A. Barnes handles the case. Saul Ewing Arnstein & Lehr LLP is serving as the Debtor's counsel. Getzler Henrich & Associates is the Debtor's financial advisor. Omni Agent Solutions is the claims agent. HAWTHORNE RACE: Selects Alimac 2023 as Stalking Horse Bidder ------------------------------------------------------------ Angelica Serrano-Roman of Bloomberg Law reports that A federal bankruptcy judge has approved Allimac 2023 LLC as the stalking horse bidder for the proposed $90 million acquisition of the real estate assets of bankrupt Hawthorne Race Course. The order authorizes the sale process to move forward with an initial bid that establishes the minimum purchase price for the property in Stickney, Illinois. According to court records, Allimac 2023 LLC is a Delaware limited liability company created shortly before the transaction was announced. Its role as stalking horse bidder is intended to encourage competitive bidding while providing Hawthorne with a firm purchase offer. Hawthorne Race Course, owned by Carey Family Properties, entered Chapter 11 bankruptcy after struggling with heavy debt and unsuccessful efforts to develop a long-planned casino at the property. The racetrack is the last remaining horse racing venue in the Chicago area, the report states. Judge Timothy Barnes extended the sale timeline to allow additional interested buyers to participate, noting that a higher bid or a proposal preserving racing operations could ultimately provide greater value to creditors and stakeholders, according to Bloomberg. About Hawthorne Race Course, Inc. Hawthorne Race Course Inc. operates a historic racetrack that provides Thoroughbred and Standardbred racing events along with off-track betting throughout Chicago. Hawthorne Race Course Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-03505) on February 27, 2026. In its petition, the Debtor reports assets ranging from $50 million to $100 million and liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Timothy A. Barnes handles the case. The Debtor is represented by Barry A. Chatz, Esq. of Saul Ewing Arnstein & Lehr LLP. Getzler Henrich & Associates serves as Financial Advisor, Omni Agent Solutions as Claims Agent. HAYDEE'S CAFE: Hires Rountree Leitman Klein & Geer as Attorney -------------------------------------------------------------- Haydee's Cafe LLC seeks approval from the U.S. Bankruptcy Court for the U.S. Bankruptcy Court for the Northern District of Georgia to hire Rountree, Leitman, Klein & Geer, LLC as its attorneys. The firm's services include: a. giving the Debtor legal advice with respect to its powers and duties as Debtor-in-Possession in the management of its property; b. preparing on behalf of the Debtor as Debtor-in-Possession necessary schedules, applications, motions, answers, orders, reports and other legal matters; c. assisting in examination of the claims of creditors; d. assisting with formulation and preparation of the disclosure statement and plan of reorganization and with the confirmation and consummation thereof; and e. performing all other legal services for the Debtor as Debtor-in-Possession that may be necessary. The firm's standard hourly rates are: William Rountree, Attorney $645 Will Geer, Attorney $645 Michael Bargar, Attorney $555 Hal Leitman, Attorney $550 David Klein, Attorney $545 Ceci Christy, Attorney $475 Elizabeth Childers, Attorney $445 Shawn Eisenberg, Attorney $445 Jonathan Clements, Attorney $445 Caitlyn Powers, Attorney $425 AnnaClaire Bowman, Attorney $375 Dorothy Sideris, Paralegal $250 Natasha Smith, Paralegal $250 Catherine Williams, Paralegal $200 Ryley Jones, Paralegal $200 Megan Winokur, Paralegal $200 Legal Assistants $200 Law Clerk $200 Rountree received from Debtor a pre-petition retainer of $35,000. Mr. Geer 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: Will B. Geer, Esq. Rountree, Leitman, Klein & Geer, LLC Century Plaza I 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 Email: wgeer@rlkglaw.com About Haydee's Cafe LLC Haydee's Cafe, LLC is a Gainesville, Georgia restaurant operating since 2016. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-20624) on April 24, 2026. In the petition signed by Luis Sepulveda, president, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. William Rountree, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. HEARTLAND ELECTRIC: Taps Barry A. Friedman & Associates as Counsel ------------------------------------------------------------------ Heartland Electric, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Alabama to hire Barry A. Friedman & Associates, PC to serve as legal counsel in its Chapter 11 case. The firm will provide these services: (a) take appropriate action with respect to secured and priority creditors; (b) take appropriate action with respect to possible voidable preferences and transfers; (c) prepare on behalf of the Debtor-in-Possession necessary petitions, answers, orders, reports, and other papers, and try before the court whatever issues are deemed necessary; (d) investigate the accounts of the Debtor and the financial transactions related thereto; and (e) perform all other legal services for the Debtor-in-Possession which may be deemed necessary. Mr. Friedman will receive an hourly rate of $350 plus expenses. According to court filings, Barry A. Friedman & Associates, PC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and represents no interest adverse to the Debtor or the estate. The firm can be reached at: Barry A. Friedman, Esq. BARRY A. FRIEDMAN & ASSOCIATES, PC 1306 Government St Mobile, AL 36604 Phone: (251) 439-7400 About Heartland Electric LLC Heartland Electric, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Ala. Case No. 26-11710) on June 11, 2026, with between $100,001 and $500,000 in both assets and liabilities. Judge Henry A. Callaway oversees the case. Barry A. Friedman, Esq., at Barry A Friedman & Associates, PC represents the Debtor as legal counsel. HERMES INVESTMENTS: Seeks to Tap William C. Johnson Jr. as Counsel ------------------------------------------------------------------ Hermes Investments, LLC, seeks approval from the U.S. Bankruptcy Court for the District of Columbia to hire William C. Johnson, Jr., Esq., an attorney practicing in Maryland, as counsel. Mr. Johnson will render these services: (1) provide general advice and counsel concerning compliance with the requirements of Chapter 11; (2) prepare any necessary amendments to the Debtor's schedules, statement of financial affairs, and related documents as appropriate; (3) represent the debtor in possession in all contested matters; (4) represent as appropriate in any related matters in other Courts; (5) advise and counsel the structure of a plan and any required amendments thereto; (6) advise feasibility of confirmation of a plan and representation in connection with the confirmation process; (7) provide liaison, consultation, and where appropriate, negotiation with creditors and other parties in interest; (8) review of relevant financial information; (9) review of claims with a view to determining which claims are allowable and in what amounts; (10) prosecute claims objections, as appropriate; (11) represent the Section 341 meeting of creditors and at any hearings or status conferences in court; and (12) provide such representations as may be necessary and appropriate to the case. Mr. Johnson will be paid at the rate of $500 per hour. As of June 16, 2026, $5,000 attorney's fees and $1,738 for the filing fee has been paid by Everyday Investors, LLC. Mr. Johnson will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. 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 at: William C. Johnson, Jr., Esq. 6305 Ivy Lane Suite 630 Greenbelt, Maryland 20770 Tel: (301) 477-3450 Fax: (301) 477-4813 Email: William@JohnsonLG.Law About Hermes Investments, LLC Hermes Investments, LLC is a Washington, D.C.-based single-asset real estate company. The company was formed to own, manage, and operate a specific real estate asset and is subject to the risks and financial performance of that property. Hermes Investments, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00313) on June 16, 2026. In its petition, the debtor reported assets of $0 and liabilities of approximately $14.9 million. Honorable Bankruptcy Judge Elizabeth L. Gunn handles the case. The debtor is represented by William C. Johnson Jr. of The Johnson Law Group, LLC. HERNANDEZ LOPEZ: Seeks Approval to Hire Luna CPA as Accountant -------------------------------------------------------------- Hernandez Lopez & Sons, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Luna CPA LLC as accountant. The firm will render these services: (a) prepare and file the Debtor's 2025 federal income tax return; (b) prepare and file the Debtor's 2025 franchise tax return; (c) provide accounting advice to the Debtor in connection with specific tax issues; and (d) prepare other miscellaneous informational reporting forms as requested by the Debtor. The firm will be paid at a flat rate of $1,000 per month for accounting services fees, plus additional $1,500 for preparation of a 2025 S-Corporation tax return. Alberto Luna, Jr., a certified public accountant at Luna CPA, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Alberto Luna, CPA Luna CPA LLC 1100 Matamoros St., Ste. 228 Laredo, TX 78040 Telephone: (956) 284-5355 Email: info@lunacpa.com About Hernandez Lopez & Sons Inc. Hernandez Lopez & Sons, Inc. operates a funeral and cremation services business in Laredo, Texas. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-50020) on April 20, 2026. In the petition signed by Ernesto Lopez Sr., president, the Debtor disclosed up to $50,000 in both assets and liabilities. Judge Jeffrey P. Norman oversees the case. The Debtor tapped Carl M. Barto, Esq., at Law Office of Carl M. Barto as counsel and Luna CPA LLC as accountant. HIDALGO GROUP: Seeks Approval to Hire DASA Law as General Counsel ----------------------------------------------------------------- Hidalgo Group, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ DASA Law as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties and the continued management of its business and property; (b) advise the Debtor with respect to its responsibilities in complying with the United States Trustee's Operating Guidelines and Reporting Requirements and with the rules of this Court; (c) prepare legal documents necessary in the administration of the case; (d) protect and represent the interests of the Debtor in all matters pending before the Court; and (e) represent the Debtor in negotiations with its creditors, the Subchapter V Trustee, and other parties in interest. The firm's counsel will be paid at these hourly rates: Jesus Santiago, Attorney $350 Elee Dammous, Attorney $350 Anna Mendez, Paralegal $175 Andres Posada, Paralegal $175 Lisandra Triana, Paralegal $175 Alexis Gomez, Paralegal $125 In addition, the firm will seek reimbursement for expenses incurred. The firm is currently holding the $35,000 from the Debtor. Mr. Santiago 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: Jesus Santiago, Esq. DASA Law 14100 Palmetto Frontage Road, Suite 370 Miami Lakes, FL 33016 Telephone: (888) 343-3272 Email: eService@Dasa.Law About Hidalgo Group LLC Hidalgo Group, LLC is a business entity engaged in general commercial operations, including investment and management services. Hidalgo Group, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-14274) on April 6, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $100,001 to $500,000. Judge Peter D. Russin oversees the case. The Debtor is represented by Jesus Santiago, Esq., at DASA Law. HIGHLAND HOMES: Seeks to Hire Nardella & Nardella as Legal Counsel ------------------------------------------------------------------ Highland Homes of Sebastian, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Nardella & Nardella, PLLC as counsel. The firm will provide these services: (a) advise and counsel the Debtor concerning the operation of its business in compliance with Chapter 11 and orders of this court; (b) defend any causes of action on behalf of the Debtor; (c) prepare, on behalf of the Debtor, all necessary legal papers in the Chapter 11 case; (d) assist in the formulation of a plan of reorganization and preparation of a disclosure statement; and (e) provide all services of a legal nature in the field of bankruptcy law. The hourly rates of the firm's counsel and staff are as follows: Partners $795 Associates $550 Paraprofessionals $295 The firm required a fee advance in the amount of $76,500. Paul Mascia, Esq., a partner at Nardella & Nardella, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Paul N. Mascia, Esq. Nardella & Nardella, PLLC 135 W. Central Blvd., Ste. 300 Orlando, FL 32801 Telephone: (407) 966-2680 Facsimile: (407) 966-2681 Email: pmascia@nardellalaw.com About Highland Homes of Sebastian Inc. Highland Homes of Sebastian, Inc operates as a roofing contractor providing a broad range of services, including roof installation, repairs, replacements, inspections, metal and tile roofing, gutters, skylights, flat roofing, and storm damage restoration. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17749) on June 13, 2026. In the petition signed by Francois Pelletier, president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Erik P. Kimball oversees the case. Paul N. Mascia, Esq., at Nardella & Nardella, PLLC, represents the Debtor as counsel. HOUSE WINE: Seeks to Hire Barron & Newburger P.C. as Counsel ------------------------------------------------------------ House Wine Austin LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire Barron & Newburger, P.C. as counsel. The firm's services include: (i) advising Debtor of its rights, powers, and duties as a debtor-in-possession continuing to manage its assets; (ii) reviewing the nature and validity of claims asserted against the property of Debtor and advising Debtor concerning the enforceability of such claims; (iii) preparing on behalf of Debtor, all necessary and appropriate applications, motions, pleadings, draft orders, notices, schedules, and other documents and reviewing all financial and other reports to be filed in the chapter 11 case; (iv) advising Debtor concerning and preparing responses to, applications, motions, complaints, pleadings, notices, and other papers which may be filed in the chapter 11 case; (v) counseling Debtor in connection with the formulation, negotiation, and promulgation of a plan of reorganization and related documents; (vi) performing all other legal services for and on behalf of Debtor which may be necessary and appropriate in the administration of the chapter 11 case and Debtor's business; and (vii) working with professionals retained by other parties in interest in this case to attempt to obtain approval of a consensual plan of reorganization for Debtor. The firm will be paid at these rates: Stephen Sather $650 per hour Other Attorneys $250 to $450 per hour The firm received a retainer of $20,000 on May 12, 2026. Barron & Newburger, 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: Stephen W. Sather, Esq. BARRON & NEWBURGER, P.C. 7320 N. MoPac Expwy., Suite 400 Austin, TX 78731 Telephone: (512) 476-9103 Facsimile: (512) 476-9253 About House Wine Austin LLC House Wine Austin, LLC is a long-established Austin wine bar and tasting venue. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-11083-smr) on June 5, 2026. In the petition signed by Kerry White, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Shad M. Robinson oversees the case. Stephen W Sather, Esq., at Barron & Newburger, P.C., represents the Debtor as legal counsel. HYDROFARM HOLDINGS: All Three Proposals Approved at Annual Meeting ------------------------------------------------------------------ Hydrofarm Holdings Group, Inc. has announced the results of its 2026 annual meeting of stockholders via live webcast on the Internet. Of the 4,764,612 shares of common stock issued and outstanding and eligible to vote as of the record date of April 24, 2026, a quorum of 2,642,956 shares, or 55.47% of the eligible shares, was present at the Annual Meeting or represented by proxy. The following actions were taken at the Annual Meeting: 1. The following nominee was elected to serve on the Company's Board of Directors as a Class III Director until the 2029 annual meeting of stockholders, based on the following votes: NAME: Richard Christopher Yetter * FOR: 1,716,445 * WITHHELD: 252,583 * BROKER NON-VOTE: 673,928 2. The compensation of the Company's named executive officers was approved on an advisory basis, based on the following votes: * FOR: 1,407,311 * AGAINST: 340,266 * ABSTAIN: 221,451 * BROKER NON-VOTE: 673,928 3. The appointment of CBIZ CPAs P.C. as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026 was ratified, based on the following votes: * FOR: 2,469,321 * AGAINST: 168,866 * ABSTAIN: 4,769 About Hydrofarm Holdings Hydrofarm Holdings Group, Inc. is an independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, including grow lights, climate control solutions, grow media and nutrients, as well as a broad portfolio of innovative, proprietary branded products. Products offered include agricultural lighting devices, indoor climate control equipment, nutrients, and plant additives used to grow, farm and cultivate cannabis, flowers, fruits, plants, vegetables, grains and herbs in controlled environment settings that allow end users to control key farming variables including temperature, humidity, CO2, light intensity and color, nutrient concentration and pH. As of December 31, 2025, the Company had $123.8 million in total assets, $187.1 million in total liabilities, and $63.3 million in total stockholders' deficit. Minneapolis, Minnesota-based Deloitte & Touche LLP, the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 27, 2026, attached to the Company's Annual Report for the fiscal year ended December 31, 2025, citing the Company has incurred recurring operating losses, negative cash flows from operations, and has significant debt obligations due within the next 12 months, which raises substantial doubt about its ability to continue as a going concern. INSTITUTO MEDICO: Seeks to Hire Dage Consulting as Accountant ------------------------------------------------------------- Instituto Medico Del Norte Inc. seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to hire Dage Consulting CPA's P.S.C. as accountant. The firm will render these services: a. assist the Debtor in gathering and compiling the necessary information required to file the Chapter 11 Petition and court required information and schedules, provide consulting services including expert witness and assist the Debtor and his attorney in documenting the reorganization plan to be filed in the case; and b. prepare monthly operating reports, prepare all necessary tax returns to ascertain Debtor is in full compliance with his fiscal responsibilities, assist the Debtor and his attorney in all matters related to court instructions, transactions, and or information requests of an accounting or financial nature. The firm will be paid as follows: José A. Díaz Crespo, CPA $250 per hour Manager consultant $180 per hour Senior consultant $135 per hour Staff consultant $100 per hour A retainer fee in the amount of $20,000 has been required in this case and Debtor made a partial payment of $10,000. The firm can be reached through: Jose A. Diaz Crespo, CPA Dage Consulting CPA's P.S.C. P.O Box 367457 San Juan PR 00936-7457 Tel: (787) 428-3388 E-mail: jdiaz@dageconsulting.com About Instituto Medico Del Norte Instituto Medico del Norte Inc., operating as Centro Medico Wilma N. Vazquez, provides hospital and health-care services in Vega Baja, Puerto Rico. The company's Wilma N. Vazquez health system offers emergency care, skilled nursing, primary care, imaging, clinical laboratory, wound-care, pediatric and infusion services, serving adults, children and patients requiring acute, specialty or transitional medical care. Instituto Medico Del Norte sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R., Case No. 26-01886) on April 28, 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 Mildred Caban Flores oversees the case. The Batista Law Group, PSC is Debtor's legal counsel. #STITUTO MEDICO: Employs Godreau & Gonzalez as special counsel. INSTITUTO MEDICO: U.S. Trustee Appoints Edna Diaz De Jesus as PCO ----------------------------------------------------------------- Guy A. Van Baalen, the Acting U.S. Trustee for Region 21, appointed Edna Diaz De Jesus as patient care ombudsman for Instituto Medico Del Norte Inc. The appointment was made pursuant to the order from the U.S. Bankruptcy Court for the District of Puerto Rico on April 29. Section 333 of the Bankruptcy Code provides that the Patient Care Ombudsman shall: * monitor the quality of patient care provided to patients of the debtor, to the extent necessary under the circumstances, including interviewing patients and physicians; * not later than 60 days after the date of this appointment, and not less frequently than at 60-day intervals thereafter, report to the court after notice to the parties in interest, at a hearing or in writing, regarding the quality of patient care provided to patients of the debtor; and * if he/she determines that the quality of patient care provided to patients of the debtor is declining significantly or is otherwise being materially compromised, file with the court a motion or a written report, with notice to the parties in interest immediately upon making such determination; and * shall maintain any information obtained under section 333 of the Bankruptcy Code that relates to patients (including information relating to patient records) as confidential information; and * he/she may review patient records under the faculties allowed his pursuant to state law as an oversight agency, and as expressly excepted by Section 333(c)(2) of the Bankruptcy Code, limited to any confidentiality requirements as imposed therein. The ombudsman may be reached at: Edna Diaz De Jesus Procuradora del Paciente Oficina del Procurador del Paciente PO Box 11247 San Juan, Puerto Rico 00910-2347 Tel (787) 977-0909 Fax (787) 977-0915 Email: ediaz@opp.gobierno.pr; qsoto@opp.gobierno.pr; vdejesus@opp.gobierno.pr; jagonzalez@opp.gobierno.pr About Instituto Medico Del Norte Inc. Instituto Medico Del Norte Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 26-01886) on April 28, 2026, with $0 to $50,000 in assets and $1,000,001 to $10 million in liabilities. Judge Mildred Caban Flores presides over the case. Jesus Enrique Batista Sanchez, Esq. at The Batista Law Group, Psc represents the Debtor as legal counsel. INTEGRITY IRON: Taps Wadsworth Garber Warner as Bankruptcy Counsel ------------------------------------------------------------------ Integrity Iron LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Wadsworth Garber Warner Conrardy, P.C. as bankruptcy counsel. The firm's services include: (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; 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). The firm's professional rates are: David V. Wadsworth $500 per hour Aaron A. Garber $500 per hour David J. Warner $425 per hour Aaron J. Conrardy $425 per hour Hallie Cooper $225 per hour Paralegals $125 per hour WGWC received a retainer prior to the Petition Date in the amount of $22,000. 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 Integrity Iron LLC Integrity Iron LLC is a Commerce City, Colorado-based steel services company run by Bill Farmer since 2006. The company provides structural steel erection, crane services, welding, roof decking, and miscellaneous steel detail work, including railings, stair systems, canopies, access ladders, walkways, grating, and safety cabling systems. Integrity Iron serves commercial and residential projects in Colorado. Integrity Iron LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 26-14334) on June 16, 2026, listing $1,442,049 in assets and $4,195,576 in liabilities. The petition was signed by William Farmer as managing member. Judge Michael E Romero presides over the case. Aaron A. Garber, Esq. at WADSWORTH GARBER WARNER CONRARDY, P.C. serves as the Debtor's counsel. JACKSON HOSPITAL: Hospital Will Not Close, Attorney Confirms ------------------------------------------------------------ Claire Harrison of Alabama Daily News reports that Jackson Hospital will not close on July 1, 2025 as previously feared after negotiations with Blue Cross Blue Shield of Alabama showed meaningful progress, the hospital's attorney told a bankruptcy court Tuesday. Derek Meek said the parties remain engaged in real-time discussions aimed at preserving the hospital's operations but emphasized that its financial condition remains precarious. The hospital made the announcement during a hearing in its Chapter 11 case and adversary proceeding against BCBSAL. Jackson has been operating under a $25 million debtor-in-possession loan provided by Jackson Investment Group while seeking improved reimbursement rates from the insurer, which the hospital says are essential to its long-term viability, the report relays. The hearing also addressed Jackson's request for reconsideration of the court's earlier denial of a preliminary injunction. The hospital contended that Judge Christopher Hawkins incorrectly described the availability of state and local funding, noting that much of the pledged financial support has already been spent or will not be available immediately. Hawkins nevertheless denied reconsideration, finding that the alleged factual errors would not alter his legal analysis, according to Alabama Daily News. The judge also set deadlines for briefing BCBSAL's motion to dismiss, requiring Jackson to respond by July 14, 2026 and the insurer to reply by July 21. Another status hearing covering both the bankruptcy case and related litigation is scheduled for July 27, 2026, the report states. 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. JACKSON HOSPITAL: No Patient Care Concern, 8th PCO Report Says -------------------------------------------------------------- Suzanne Koenig, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Middle District of Alabama her eighth report regarding the quality of patient care provided by Jackson Hospital & Clinic, Inc. and affiliates. In the report which covers the period April 17 to June 16, the ombudsman representatives met with the chief operating officer and the chief nursing officer during the two unannounced visit to Jackson Hospital. During a tour of 6 East medical-surgical unit, the PCO observed the unit to be clean and well maintained. The medication dispensing machine located in the hallway was clean and orderly. Workstations on wheels had secured and locked drawers. No unsecured medications, sharps, or needles were observed. During a patient interview, the patient stated that the staff at 6 East medical surgical unit have been wonderful. The patient commented that from admission through hospitalization, "everything was perfect." When discussing his care experience, the patient stated that the nurses are unbelievable and have a genuine desire to help. The PCO representative found the kitchen clean and organized, with staff preparing meals for approximately 170 patients. Dry storage areas were neat and organized. Food products were appropriately sealed, labeled, and stored in accordance with hospital policy. Food items were properly labeled and stored in compliance with hospital policy. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=rIWqvA from PacerMonitor.com. The PCO can be reached at: Suzanne Koenig SAK Healthcare 300 Saunders Road, Suite 300 Riverwoods, IL 60015 Phone: 847-446-8400 Fax: 847-446-8432 skoenig@sakhealthcare.com About Jackson Hospital & Clinic Inc. 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 February 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. Suzanne Koenig serves as patient care ombudsman. JANUS HENDERSON: S&P Downgrades ICR to 'BB', Outlook Stable ----------------------------------------------------------- S&P Global Ratings lowered its issuer credit rating on Janus Henderson Group PLC (Janus) to 'BB' from 'BBB+' so that it mirrors the parent. S&P also downgraded Janus' existing senior unsecured notes from 'BBB+' to 'B+', based on the unsecured notes' subordination to secured debt in the post-merger capital structure and the weaker recovery prospects. S&P also removed all ratings from CreditWatch where it placed them on March 17, 2026, with negative implications. The stable outlook on Jupiter indicates that it will operate with leverage of 3.0x-4.0x over the next 12 months while maintaining its operating performance and assets under management. On June 30, 2026, Janus Henderson Group PLC's take-private transaction by a group of investors led by Trian Fund Management L.P. and General Catalyst Group Management LLC closed. As a result, Janus merged into the previously incorporated merger vehicle Jupiter Co. Ltd. Jupiter is now the parent entity of Janus. S&P said, "We are lowering the ratings on Janus Henderson Group PLC and removing them from CreditWatch with negative implications, following the close of the previously announced leveraged take-private transaction of Janus by a group of investors led by Trian and General Catalyst. We placed Janus' ratings on CreditWatch with negative implications earlier this year, on our expectation that upon the close of the transaction, Janus' leverage would increase above 3.0x due to the increase in debt, well above the company's historical leverage of about 0x. "We continue to expect Jupiter to operate with leverage of 3.0x-4.0x over the next 12 months. As part of the transaction, Jupiter issued a $2.6 billion term loan B due 2033. In May 2026, Jupiter added $300 million to the term loan, bringing the total to $2.9 billion. It will use a portion of the debt raised to retire Janus' existing $400 million senior unsecured debt due Sept. 10, 2034. Jupiter also raised a $500 million revolver, an increase from Janus' prior $200 million revolver. "We expect stable revenue and modest EBITDA margin expansion in 2026 and 2027, to support leverage. The transaction will be funded in part by investment vehicles managed by lead sponsors Trian and General Catalyst, and we expect them to maintain control of Janus over the next several years. "Over time, if the company lowers its adjusted debt to EBITDA below 3.0x through debt paydown, we would incorporate this into our financial risk assessment. "Our calculation of leverage includes the $2.9 billion term loan, $1.0 billion preferred shares (which we treat as debt in part because it will be held by one investor), lease liabilities, and contingent considerations. We do not net cash due to financial sponsor ownership. However, we expect the company to operate with about $300-$400 million in cash on its balance sheet. "We expect Jupiter to retire Janus' existing $400 million senior unsecured notes, which we downgraded to 'B+'. Our downgrade of the notes is based on the recovery rating of '6' reflecting our expectation of negligible recovery in the event of default, due to the notes' subordination to the senior secured term loan B. However, we expect the majority of the notes to be removed from Janus' balance sheet shortly after close as they are retired. "The stable outlook on our rating on Jupiter reflects S&P Global Ratings' expectation that Jupiter will operate with leverage of 3.0x-4.0x over the next 12 months while maintaining its operating performance and assets under management (AUM) levels. "We could lower the ratings if leverage rises above 5.0x or if the business deteriorates through weaker operating or investment performance, or through large declines in AUM. "We could raise the ratings if the company maintains leverage below 3.0x on a sustained basis while growing its AUM base, demonstrating a record of positive inflows, and improving its margins." JAY'S PRIME: Unsecureds to Get Share of Income for 5 Years ---------------------------------------------------------- Jay's Prime Rentals, LLC filed with the U.S. Bankruptcy Court for the District of Maryland a Plan of Reorganization dated June 23, 2026. The Debtor was organized as a Limited Liability Company in Maryland on November 22, 2021. The business has been operated by its sole member and principal, James Watkins, since its inception. The Debtor's business has solely been dedicated to the rental of six residential Baltimore City rental properties (collectively, the "Properties"). The Debtor's primary source of operating income is rental income generated from the Properties. The Properties are all subject to a security interest and each of the secured creditors have assignment of rents clauses, which render the rental income received by the Debtor as "Cash Collateral" within the meaning of Section 363(a) of the Bankruptcy Code. With one exception, the Properties are Baltimore City homes converted into multiple separate apartments. The apartments are rented to traveling nurses and Amazon workers who need furnished accommodations. Although many tenants rent on a month-to-month basis, the Debtor has had little difficulty finding new tenants from a large pool of prospective traveling nurses and Amazon workers, particularly because many nurses are employed by the numerous hospitals and medical schools in the Baltimore area. The Debtor, using his prior business model, fell behind on two of the Properties. Unfortunately, the secured creditor for 321 S. Augusta Avenue began foreclosure proceedings. The Debtor filed this Subchapter V case to stop the pending foreclosure and implement the new business model across all the Properties. General unsecured claims filed in this case total $62,873.32. However, subject to the Motions to Value Collateral and Determine Secured Status for three of the Properties, the Debtor anticipates that approximately $369,000 of such claims will be treated as unsecured based on the Properties' values as of the Petition Date. Accordingly, the Debtor currently estimates that total general unsecured Claims may approximate $432,000.00; however, such amount is subject to change based on the resolution of the Motions. Class 9 consists of all General Unsecured Claims, including the undersecured portions as determined by the Court. Provided that an Allowed Class 9 Claim has not been paid prior to the Effective Date, and except to the extent that a holder of a Class 9 Claim agrees to a different treatment, each holder of an Allowed Class 4 Claim shall receive, in full and complete settlement, satisfaction, and discharge of such Claim, a pro rata share of all funds allocated to Class 9 under the Plan, including projected disposable income. The Debtor shall commit all projected disposable income, as defined in Section 1191(d) of the Bankruptcy Code, to the payment of Claims under the Plan for a period of five years following the Effective Date, with such projected disposable income to be applied first to Administrative Expense Claims and Priority Claims, if any, and thereafter to holders of Allowed Secured Claims in Classes 2 through 8 until such Claims are paid in full. Payments to holders of Allowed Class 9 Claims shall commence only after payment in full of Administrative Expense Claims and after payment in full on a pro rata basis in accordance with funds available for distribution each month, as set forth in the Debtor's Projections. Distributions to holders of Allowed Class 9 Claims shall be made in accordance with the payment schemes set forth in this Plan. All property of the Estate shall revest in the Debtor on the Effective Date, free and clear of all other liens, Claims, interests and encumbrances, except for the liens specifically preserved or created by this Plan. Beginning on the first business day of the first full month after the Effective Date, and continuing the first business day of each month for sixty months, the Debtor shall make monthly payments equal to its projected disposable income. After Administrative Expense Claims are satisfied, the budgeted amounts for Subchapter V Trustee fees and attorney's fees shall be paid as provided under the Plan. A full-text copy of the Plan of Reorganization dated June 23, 2026 is available at https://urlcurt.com/u?l=YH5r28 from PacerMonitor.com at no charge. Counsel to the Debtor: Marc A. Ominsky, Esq. Law Offices of Marc A. Ominsky, LLC 5052 Dorsey Hall Drive Ellicott City, MD 21042 Telephone: (443) 539-8712 Email: info@mdlegalfirm.com About Jay's Prime Rentals LLC Jay's Prime Rentals, LLC, based in Clinton, Maryland, is a real estate holding company that owns and manages a portfolio of residential properties in Baltimore, Maryland, including assets on South Augusta Avenue, Ashburton Street, Claymont Avenue, and North Calhoun Street. The company leases these properties under master lease arrangements to a single counterparty, Premier Acquisition Services, LLC, which operates the units as multi-tenant housing and is responsible for subleasing and tenant management. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 26-13186) on March 25, 2026. In the petition signed by James J. Watkins, owner, the Debtor disclosed $848,036 in total assets and $1,114,554 in total liabilities. Judge Maria Ellena Chavez-Ruark oversees the case. Marc A. Ominsky, Esq., at the Law Offices of Marc A. Ominsky, LLC, is the Debtor's counsel. JAYJAY PROPERTY: Seeks Chapter 11 Bankruptcy in New York -------------------------------------------------------- On June 27, 2026, JayJay Property Group LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York. According to court filings, the Debtor reports between 1 and 49 creditors and estimated liabilities of $1 million to $10 million. Deadline for filing the Small Business Chapter 11 Plan and Disclosure Statement is Dec. 28, 2026. About JayJay Property Group LLC JayJay Property Group LLC is a New York, New York-based real estate investment and leasing firm. The company owns and manages a portfolio of commercial and residential properties across the Mid-Atlantic region, with investment activities focused on a long-term buy-and-hold strategy in the Philadelphia-Camden-Wilmington metropolitan area. JayJay Property Group LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11533) on June 27, 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 handles the case. The Debtor is represented by Vivian M. Williams, Esq. of VMW Law PC. JGJM 10: Lender Sets July 13, 2026 Public Sale of Collateral ------------------------------------------------------------ Pursuant to Section 9.610 of the Texas Business and Commerce Code (the Texas Uniform Commercial Code, the "UCC"), Judson Griffis (herein "Lender"), through his counsel acting as his agent, Bourland, Wall & Wenzel, P.C. ("Agent"), on July 13, 2026 at 10:15 a.m. Central Daylight Time or such later date as provided below (the "Auction Date") will sell at public sale (the "Auction") the Collateral (as defined below) pledged by Jason McCallie ("Pledgor"), in accordance with the terms hereof and the Loan Documents (as defined below). To participate in the Auction, you must comply with the Participation Requirements below by July 8, 2026 (the "Bid Deadline"). Loan Documents; Debtors; Secured Party The term "Loan Documents" refers, collectively, to the JGJM 10 Loan Documents, the JGJM 12 Loan Documents, the JGJM 20 Loan Documents, the KCOF Loan Documents, the McCallie Loan Documents, and the WOF Loan Documents, as those terms are defined below. The term "JGJM 10 Loan Documents" refers, collectively, to (1) the Loan Agreement dated May 23, 2025 executed by JGJM 10, LLC, Lender, and Pledgor (the "JGJM 10 Note"); (2) the Note Secured by Security Agreement dated May 23, 2025 in the principal amount of $78,894.20 executed by JGJM 10, LLC; and (3) the Security Agreement dated May 23, 2025 executed by Lender and Pledgor securing the JGJM 10 Note. JGJM 10, LLC is the debtor under the JGJM 10 Loan Documents. The term "JGJM 12 Loan Documents" refers, collectively, to (1) the Agreement dated May 23, 2025 executed by JGJM 12, LLC, Lender, and Pledgor (the "JGJM 12 Note"); (2) the Note Secured by Security Agreement dated May 23, 2025 in the principal amount of $101,599.60 executed by JGJM 12, LLC; and (3) the Security Agreement dated May 23, 2025 executed by Lender and Pledgor securing the JGJM 12 Note. JGJM 12, LLC is the debtor under the JGJM 12 Loan Documents. The term "JGJM 20 Loan Documents" refers, collectively, to (1) the Loan Agreement dated May 23, 2025 executed by JGJM 20, LLC, Lender, and Pledgor (the "JGJM 20 Note"); (2) the Note Secured by Security Agreement dated May 23, 2025 in the principal amount of $215,503.81 executed by JGJM 20, LLC; and (3) the Security Agreement dated May 23, 2025 executed by Lender and Pledgor securing the JGJM 20 Note. JGJM 20, LLC is the debtor under the JGJM 20 Loan Documents. The term "KCOF Loan Documents" refers, collectively, to (1) the Loan Agreement dated May 23, 2025 executed by Kansas City Owner Finance, LLC, Lender, and Pledgor (the "KCOF Note"); (2) the Note Secured by Security Agreement dated May 23, 2025 in the principal amount of $34,531.31 executed by Kansas City Owner Finance, LLC; and (3) the Security Agreement dated May 23, 2025 executed by Lender and Pledgor securing the KCOF Note. Kansas City Owner Finance, LLC is the debtor under the KCOF Loan Documents. The term "McCallie Loan Documents" refers, collectively, to (1) the Loan Agreement dated May 23, 2025 executed by Lender and Pledgor (the "McCallie Note"); (2) the Note Secured by Security Agreement dated May 23, 2025 in the principal amount of $407,864.34 executed by Pledgor; and (3) the Security Agreement dated May 23, 2025 executed by Pledgor securing the McCallie Note. Jason McCallie is the debtor under the McCallie Loan Documents. The term "WOF Loan Documents" refers, collectively, to (1) the Loan Agreement dated May 23, 2025 executed by Waco Owner Finance, LLC, Lender, and Pledgor (the "WOF Note"); (2) the Note Secured by Security Agreement dated May 23, 2025 in the principal amount of $193,938.59 executed by Waco Owner Finance, LLC; and (3) the Security Agreement dated May 23, 2025 executed by Lender and Pledgor securing the WOF Note. Waco Owner Finance, LLC is the debtor under the WOF Loan Documents. Lender is the secured party under the Loan Documents. Jason McCallie, JGJM 10, LLC, JGJM 12, LLC, JGJM 20, LLC, Kansas City Owner Finance, LLC, and Waco Owner Finance, LLC may be referred to hereinafter, collectively, as the "Debtors" or, individually, as a "Debtor." Collateral description The Collateral to be sold at Auction will be sold in multiple lots and each lot will consist of all of Pledgor's right, title, and interest to the Collateral described for that respective lot below (each a "Lot"): LOT 1: All of Pledgor's right, title, and interest to the following (collectively, the "JGJM 10 Collateral"): a. Pledgor's undivided 50% interest as a member in and to that certain limited liability company named JGJM 10, LLC, a Texas limited liability company ("JGJM 10"), described in the limited liability company agreement of JGJM 10, as amended or modified and in effect (the "JGJM 10 Company Agreement"), together with all of Pledgor's other rights, title, and interest of every kind and character whatever in and to JGJM 10 and under the JGJM 10 Company Agreement (the "JGJM 10 Pledged Securities"); and b. all of Pledgor's share of profits, distributions, income, and surplus from JGJM 10 and Pledgor's interest in specific properties of JGJM 10 on dissolution or otherwise. JGJM 10 owns assets that include (1) the Super Clean Laundry and Car Wash located at 1402 E. Franklin Street, Hillsboro, TX 76645; (2) the commercial real property located at 1402 E. Franklin Street, Hillsboro, TX 76645; (3) the Waco Drive Laundromat located at 2200 W. Waco Drive, Waco, TX 76701; (4) the commercial real property located at 2200-2208 W. Waco Drive, Waco, TX 76701; and (5) residential duplex properties located at 600-614 Riggins Street, Waco, TX 76706 (collectively, the "JGJM 10 Assets"). For the avoidance of doubt, the JGJM 10 Assets are not part of the JGJM 10 Collateral and are not up for sale at the Auction. Lender has a first priority security interest in the JGJM 10 Collateral pursuant to the JGJM 10 Loan Documents and the McCallie Loan Documents. JGJM 10 is in default under the JGJM 10 Loan Documents and Pledgor is in default under the McCallie Loan Documents. Thus, Lender is entitled to exercise its rights under Article 9 of the UCC. LOT 2: All of Pledgor's right, title, and interest to the following (collectively, the "JGJM 12 Collateral"): a. Pledgor's undivided 50% interest as a member in and to that certain limited liability company named JGJM 12, LLC, a Texas limited liability company ("JGJM 12"), described in the limited liability company agreement of JGJM 12, as amended or modified and in effect (the "JGJM 12 Company Agreement"), together with all of Pledgor's other rights, title, and interest of every kind and character whatever in and to JGJM 12 and under the JGJM 12 Company Agreement (the "JGJM 12 Pledged Securities"); and b. all of Pledgor's share of profits, distributions, income, and surplus from JGJM 12 and Pledgor's interest in specific properties of JGJM 12 on dissolution or otherwise. JGJM 12 owns assets that include a multi-family residential apartment complex known as the Tucker Apartments located at 214 and 230 S. Waco St., Hillsboro, TX 76645 and 214 S. Covington St., Hillsboro, TE 76645 (the "JGJM 12 Assets"). For the avoidance of doubt, the JGJM 12 Assets are not part of the JGJM 12 Collateral and are not up for sale at the Auction. Lender has a first priority security interest in the JGJM 12 Collateral pursuant to the JGJM 12 Loan Documents and the McCallie Loan Documents. JGJM 12 is in default under the JGJM 12 Loan Documents and Pledgor is in default under the McCallie Loan Documents. Thus, Lender is entitled to exercise its rights under Article 9 of the UCC. LOT 3: All of Pledgor's right, title, and interest to the following (collectively, the "JGJM 20 Collateral"): a. Pledgor's undivided 50% interest as a member in and to that certain limited liability company named JGJM 20, LLC, a Texas limited liability company ("JGJM 20"), described in the limited liability company agreement of JGJM 20, as amended or modified and in effect (the "JGJM 20 Company Agreement"), together with all of Pledgor's other rights, title, and interest of every kind and character whatever in and to JGJM 20 and under the JGJM 20 Company Agreement (the "JGJM 20 Pledged Securities"); and b. all of Pledgor's share of profits, distributions, income, and surplus from JGJM 20 and Pledgor's interest in specific properties of JGJM 20 on dissolution or otherwise. JGJM 20 owns assets that include a multi-family residential apartment complex known as Marlin Manor Apartments located at 1139, 1417, 1421, and 1423 McLanahan Rd., Marlin, TX 76661 (the "JGJM 20 Assets"). For the avoidance of doubt, the JGJM 20 Assets are not part of the JGJM 20 Collateral and are not up for sale at the Auction. Lender has a first priority security interest in the JGJM 20 Collateral pursuant to the JGJM 20 Loan Documents and the McCallie Loan Documents. JGJM 20 is in default under the JGJM 20 Loan Documents and Pledgor is in default under the McCallie Loan Documents. Thus, Lender is entitled to exercise its rights under Article 9 of the UCC. LOT 4: All of Pledgor's right, title, and interest to the following (collectively, the "KCOF Collateral"): a. Pledgor's undivided 50% interest as a member in and to that certain limited liability company named Kansas City Owner Finance, LLC, a Missouri limited liability company ("KCOF"), described in the limited liability company agreement of KCOF, as amended or modified and in effect (the "KCOF Company Agreement"), together with all of Pledgor's other rights, title, and interest of every kind and character whatever in and to KCOF and under the KCOF Company Agreement (the "KCOF Pledged Securities"); and b. all of Pledgor's share of profits, distributions, income, and surplus from KCOF and Pledgor's interest in specific properties of KCOF on dissolution or otherwise. KCOF owns assets that include (1) seller financed mortgage notes on multiple single-family residences located in the Kansas City metropolitan area; and (2) multiple single-family residences located in the Kansas City metropolitan area (the "KCOF Assets"). For the avoidance of doubt, the KCOF Assets are not part of the KCOF Collateral and are not up for sale at the Auction. Lender has a first priority security interest in the KCOF Collateral pursuant to the KCOF Loan Documents and the McCallie Loan Documents. KCOF is in default under the KCOF Loan Documents and Pledgor is in default under the McCallie Loan Documents. Thus, Lender is entitled to exercise its rights under Article 9 of the UCC. LOT 5: All of Pledgor's right, title, and interest to the following (collectively, the "WOF Collateral"): a. Pledgor's undivided 50% interest as a member in and to that certain limited liability company named Waco Owner Finance, LLC, a Texas limited liability company ("WOF"), described in the limited liability company agreement of WOF, as amended or modified and in effect (the "WOF Company Agreement"), together with all of Pledgor's other rights, title, and interest of every kind and character whatever in and to WOF and under the WOF Company Agreement (the "WOF Pledged Securities"); and b. all of Pledgor's share of profits, distributions, income, and surplus from WOF and Pledgor's interest in specific properties of WOF on dissolution or otherwise. WOF owns assets that include (1) seller financed mortgage notes on multiple single-family residences located in or near Waco, Texas; (2) multiple single-family residences located in or near Waco, Texas; and (3) a condominium located in Port Aransas, Texas (the "WOF Assets"). For the avoidance of doubt, the WOF Assets are not part of the WOF Collateral and are not up for sale at the Auction. Lender has a first priority security interest in the WOF Collateral pursuant to the WOF Loan Documents and the McCallie Loan Documents. WOF is in default under the WOF Loan Documents and Pledgor is in default under the McCallie Loan Documents. Thus, Lender is entitled to exercise its rights under Article 9 of the UCC. The JGJM 10 Collateral, the JGJM 12 Collateral, the JGJM 20 Collateral, the KCOF Collateral, and the WOF Collateral may be referred to hereinafter, collectively, as the "Collateral." The JGJM 10 Pledged Securities, the JGJM 12 Pledged Securities, the JGJM 20 Pledged Securities, the KCOF Pledged Securities, and the WOF Pledged Securities may be referred to hereinafter, collectively, as the "Pledged Securities." Time, Date, and Manner of Sale The Auction will take place on July 13, 2026, at 10:15 a.m., Central Daylight Time, at the offices of Bourland, Wall & Wenzel, P.C., 301 Commerce Street, Suite 2500, Fort Worth, TX 76102, but all open bidding shall be conducted exclusively via video conference. Only Qualified Bidders (as defined below) and their representatives may attend. Video conference credentials will be supplied to Qualified Bidders. Participation Requirements In order to participate in the bidding process at the Auction and obtain admittance to the video conference, each person (a "Potential Bidder") must deliver to counsel to Lender via email at dgoodman@bwwlaw.com by the Bid Deadline: a. an executed confidentiality and non-disclosure agreement in form and substance satisfactory to Lender ("NDA"); b. current financial statements of the Potential Bidder that will show sufficient assets to be able to close on a purchase of the Collateral or other evidence of the ability to purchase the Collateral reasonably satisfactory to Lender; c. an agreement by the Potential Bidder and the representatives of the Potential Bidder taking part in the Auction to being recorded. No representatives of the Potential Bidder may take part in the Auction without providing such agreement. Such agreement shall also designate a single individual authorized to speak on behalf of the Potential Bidder at the Auction; and d. such other information and other executed documents and agreements as the Lender may request in its discretion. A Potential Bidder that complies with the foregoing requirements and is approved by the Lender shall be deemed a qualified bidder (each, a "Qualified Bidder"). Lender shall also be deemed to be a Qualified Bidder. Information and Due Diligence: A Qualified Bidder will be permitted to perform due diligence by contacting the following representative of the Agent: David Goodman (dgoodman@bwwlaw.com). Lender will provide access to information regarding the Collateral to Qualified Bidders at the Lender's discretion. Each Potential Bidder that executes an NDA shall be deemed to acknowledge and represent that (i) it is bound by the Terms and Conditions of Sale in this Notice; (ii) it has had an opportunity to perform due diligence on the Collateral; (iii) it is not relying upon any written or oral statements, representations, or warranties of the Lender, or his staff, agents or attorneys; and (iv) all provided documents and reports have been provided solely for the convenience of interested parties and neither the Lender nor his staff, agents or attorneys, make any representations as to the accuracy or completeness of same. Qualified Bidders are solely responsible for performing their own due diligence to determine the nature, value, fitness for use, and status of the offered Collateral through independent investigation by themselves and their legal and financial advisors. Terms and Conditions of Sale Each respective Lot will be offered for sale to any Qualified Bidder in a single block to a single purchaser for cash only, without recourse against the Lender and subject to the disclaimer of representations and warranties set forth below. The Auction will be conducted by open bidding via video conference in accordance with this notice and with any additional bidding procedures that may be distributed by the Agent not less than one business day prior to the Auction Date. The Auction will be recorded. Each respective Lot of Collateral shall be sold for cash at such price or prices and on such other commercially reasonable terms as Lender may determine; provided Lender may credit bid as set forth below. Lender reserves the right to establish a minimum bid or reserve price for any Lot in its sole discretion. Higher bids will continue to be entertained for a particular Lot until Lender has determined that it has received the highest or best bid for such Lot in its reasonable discretion. Lender reserves the right to reject any and all bids. All bids must be made orally by a Qualified Bidder at the time of the Auction. Lender reserves the right to postpone or adjourn the Auction to a future date by giving notice thereof at the Auction without the necessity of prior or subsequent notice or published notice. The Pledged Securities are all unregistered securities under the Securities Act of 1933 (the "1933 Act"). Because the Pledged Securities are unregistered under the 1933 Act, each respective Lot of the Pledged Securities will be sold in bulk in one block. The sale of the Collateral will be conducted in compliance with federal and state securities laws, including without limitation: (i) each bidder's representation that he, she or it (a) is an "accredited investor" as defined in Regulation D under the Securities Act of 1933, as amended, or (b) (1) has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the risks and merits of the investment, and (2) has sufficient financial means to afford the risk of the investment, and (c) is acquiring the Collateral for investment purposes with no present view to a further distribution; and (ii) acknowledgement by the purchaser that the Collateral is a restricted security, the further transfer of which is restricted unless registered or exempt from registration under state and federal securities laws, and that any membership certificate representing the purchaser's interest in the Collateral will bear a legend substantially to such effect. THIS NOTICE DOES NOT CONSTITUTE AN OFFER TO SELL, NOR THE SOLICITATION OF AN OFFER TO BUY, THE PLEDGED SECURITIES TO OR FROM ANYONE IN ANY JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS NOT AUTHORIZED. Lender reserves the right to bid for and purchase the Collateral and to credit its bid and purchase price against the indebtedness secured by its security interests in the Collateral and all expenses of the sale as allowed by law, notwithstanding any requirement herein that the sale of the Collateral be for cash. Twenty-five percent (25%) of the purchase price must be paid at the time of the Auction by wire transfer of immediately available funds, or such other method accepted by Lender in its sole discretion. The remainder of the purchase price must be paid in full within two (2) business days of the Auction by a wire transfer of same day funds, or on such other terms as agreed by Lender in its sole discretion. Should the successful bidder for a Lot fail to deliver either payment of the purchase price for such Lot at the time required herein, the Lender reserves the right, in its sole discretion, to re-sell such Lot and retain any amounts previously paid by the defaulting successful bidder, and any loss arising from such sale shall be the responsibility of the defaulting successful bidder. Qualified Bidders are advised to contact the Lender as indicated herein prior to attendance. The Collateral will be sold subject to any applicable federal tax liens, leases, prior security interests and liens, any prior encumbrances or charges, and all terms and restrictions of the applicable Company Agreement. No Representations or Warranties by the Lender THE COLLATERAL WILL BE SOLD WITH ALL FAULTS, AS-IS, WITHOUT RECOURSE AGAINST LENDER, AND WITH NO EXPRESS OR IMPLIED REPRESENTATIONS OR WARRANTIES WITH RESPECT TO TITLE, USE, CONDITION, FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY, MARKETABILITY, OR OTHERWISE. LENDER MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE COLLATERAL, THE CONDITION OF THE COLLATERAL, THE TITLE TO THE COLLATERAL, THE EXISTENCE OR NATURE OF ANY LIENS OR ENCUMBRANCES, THE VALUE OF THE INTEREST OFFERED FOR SALE, AND EXPRESSLY DISCLAIMS ANY REPRESENTATIONS AND WARRANTIES OF MERCHANTABILITY, MARKETABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND OTHERWISE. Inquiries Persons who are interested in becoming a Qualified Bidder for the Collateral and desire more information concerning the Collateral or the Auction may contact Lender's counsel as follows: David J. Goodman dgoodman@bwwlaw.com Bourland, Wall & Wenzel, P.C 301 Commerce Street, Suite 2500 Fort Worth, TX 76102 (817) 877-1088 Accounting Each Debtor is entitled to an accounting of such Debtor's unpaid debt at no charge by contacting David Goodman, counsel for Lender, by e-mail at dgoodman@bwwlaw.com or by phone at (817) 877-1088. JMK5 ABILENE: Hires Fuqua & Associates PC as Bankruptcy Counsel --------------------------------------------------------------- JMK5 Abilene LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Fuqua & Associates, P.C. as attorneys. The firm will render these services: (a) provide the Debtor legal advice with respect to its powers and duties as a Debtor-in-possession in the continued operation of its business, and management of its property; (b) prepare all pleadings on behalf of the Debtor, as Debtor-in-possession, which may be necessary; (c) negotiate and submit a potential plan of arrangement satisfactory to the Debtor, its estate, and the creditors at large; (d) perform all other legal services for the Debtor as a Debtor-in-possession which may become necessary to these proceedings; and (e) assist trial counsel in the prosecution and defense of removed state court proceedings. The firm charges these billing rates: Richard L. Fuqua, Attorney-in-Charge $750 an hour Law Clerks & Legal Assistants $150 an hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Richard L. Fuqua, a partner at Fuqua & Associates, P.C., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Richard L. Fuqua Fuqua & Associates, P.C. 8558 Katy Freeway, Suite 119 Houston, TX 77024 Telephone: (713) 960-0277 Facsimile: (713) 960-1064 About JMK5 Abilene LLC JMK5 Abilene LLC is a single-asset real estate company whose real estate asset is described as a 9.44-acre shopping center in Abilene, Texas. JMK5 Abilene LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-80395) on June 2, 2026, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Jerome Karam as manager. Richard L Fuqua, II, Esq. at FUQUA & ASSOCIATES, P.C. serves as the Debtor's counsel. JMK5 MALL: Seeks to Hire Fuqua & Associates as Bankruptcy Counsel ----------------------------------------------------------------- JMK5 Mall of the Mainland, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Fuqua & Associates, PC as counsel. The firm's services include: (a) provide the Debtor legal advice with respect to its powers and duties in the continued operation of its business, and management of its property; (b) prepare all pleadings on behalf of the Debtor which may be necessary herein; (c) negotiate and submit a potential plan of arrangement satisfactory to the Debtor, its estate, and the creditors at large; and (d) perform all other legal services for the Debtor which may become necessary to these proceedings herein. The firm will be paid at these hourly rates: Richard Fuqua, Attorney $750 Law Clerks & Legal Assistants $150 Mr. Fuqua 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: Richard Fuqua, Esq. Fuqua & Associates, PC 8558 Katy Freeway, Suite 119 Houston, TX 77024 Telephone: (713) 960-0277 Facsimile: (713) 960-1064 About JMK5 Mall of the Mainland LLC JMK5 Mall of the Mainland LLC is a real estate holding and management company associated with commercial retail property operations. The company is engaged in the ownership and leasing of mall and retail assets. JMK5 Mall of the Mainland LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-80397) on June 2, 2026, reporting up to $50 million in both assets and liabilities. The Debtor is represented by Richard Fuqua, Esq., at Fuqua & Associates, PC. JN GRIFFIN: Seeks to Hire Honey Law Firm as Bankruptcy Counsel -------------------------------------------------------------- JN Griffin Trucking, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Arkansas to employ Honey Law Firm, PA as counsel. The firm's services include: (a) advise and consult with the Debtor concerning questions arising in the conduct of the administration of the estate and concerning its rights and remedies with regard to the estate's assets and claims of secured, priority and unsecured creditors and other parties in interest; (b) appear for; prosecute, defend, and represent the Debtor's interest in adversary proceedings and/or contested matters arising in or related to this case; (c) investigate and prosecute preference and other actions arising under the Debtor's avoiding powers; (d) assist in the preparation of such pleadings, motions, notices and orders as are required for the orderly administration of this estate and to consult with and advise the Debtor in connection with the operation of or termination of the operation of its business; (e) assist in the preparation of a plan of reorganization and to present said plan of reorganization to this Court for approval and confirmation; and (f) undertake all other necessary and appropriate legal representation of the Debtor in this proceeding. The firm will be paid at these hourly rates: Marc Honey, Attorney $375 Alexandra Honey, Attorney $250 Paralegal $125 Prior to filing this case, the Debtor paid the sum of $35,000 as retainer. Mr. Honey 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: Marc Honey, Esq. Honey Law Firm, PA P.O. Box 1254 Hot Springs, AR 71902 About JN Griffin Trucking LLC JN Griffin Trucking, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Ark. Case No. 26-71014) on May 22, 2026, with up to $1 million in both assets and liabilities. Judge Richard D. Taylor presides over the case. Marc Honey, Esq. at Honey Law Firm, PA represents the Debtor as counsel. JTBOL ENTERPRISES: Katharine Clark Named Subchapter V Trustee ------------------------------------------------------------- The U.S. Trustee for Region 6 appointed Katharine Battaia Clark of Thompson Coburn, LLP as Subchapter V trustee for JTBOL Enterprises LLC. Ms. Clark will be paid an hourly fee of $575 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Clark declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Katharine Battaia Clark Thompson Coburn, LLP 2100 Ross Avenue, Ste. 3200 Dallas, TX 75201 Office: 972-629-7100 Mobile: 214-557-9180 Fax: 972-629-7171 Email: kclark@thompsoncoburn.com About JTBOL Enterprises LLC JTBOL Enterprises LLC is a privately held limited liability company engaged in commercial business activities. The bankruptcy filing provides limited public information regarding the company's specific operations, products, or services. JTBOL Enterprises LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42603) on June 12, 2026. In its petition, the Debtor reports estimated assets ranging from $0 to $100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Mark X. Mullin handles the case. The Debtor is represented by Alvin Q. Malone, Esq., of Law Offices of Al Malone. LA TENTACION PIZZA: Seeks Subchapter V Bankruptcy in New Jersey --------------------------------------------------------------- On June 29, 2026, La Tentacion Pizza & Tex Mex Grille, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of New Jersey. According to the court filing, the Debtor reports between $500,000 and $1 million in liabilities owed to 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on July 27, 2026 at 09:00 AM via Zoomgov-Sponder: join.zoom.us Meeting ID 165 328 01361, Passcode 1042544782, or call 1-551-285-1373. Chapter 11 Subchapter V Plan due by September 28, 2026. Government Proof of Claim deadline is December 28, 2026. About La Tentacion Pizza & Tex Mex Grille, LLC La Tentacion Pizza & Tex Mex Grille, LLC is a Westville, New Jersey-based full-service restaurant serving Mexican cuisine, pizza, and breakfast specialties. The company continues to operate restaurant and delivery services in the Mount Laurel and Westville markets while pursuing a court-supervised reorganization. La Tentacion Pizza & Tex Mex Grille, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-17143) on June 29, 2026. In its petition, the Debtor reports estimated assets of $100,000 to $500,000 and estimated liabilities of $500,000 to $1 million. The Debtor is represented by E. Richard Dressel, Esq. of Lex Nova Law, LLC. LAS VEGAS COLOR: Seeks to Sell Grocery Delivery Assets at Auction ----------------------------------------------------------------- Las Vegas Color Graphics, Inc. and its affiliate, ColorArt, LLC, seek permission from the U.S. Bankruptcy Court for the District of Nevada, to sell Property at auction, free and clear of liens, claims, interests, and encumbrances. The Debtors have determined that a sale of their contractual relationship with Grocery Delivery E-Services USA, Inc., d/b/a HelloFresh and its wholly owned subsidiaries and affiliates, including Green Chef Corporation will preserve the value of the assets and maximize value for the bankruptcy estates (363 Assets). The Debtors originally operated three large-scale production facilities: a facility in Las Vegas, a facility in Iowa, and a facility in Missouri. The lienholder of the Property is Aequum Capital Financial II LLC. The Debtors believe that the Sale of the 363 Assets through the Auction and in the manner prescribed by the Bid Procedures will maximize value for Debtors' Estates and creditors. The Debtors request the in-court Auction be scheduled on August 18, 2026, at 11:00 a.m. prevailing Pacific Time, with the Sale Hearing scheduled to take place on or before August 25, 2026, at 9:30 a.m. prevailing Pacific Time. The Debtors request the in-court Auction be scheduled on August 18, 2026, at 11:00 a.m. prevailing Pacific Time, with the Sale Hearing scheduled to take place on or before August 25, 2026, at 9:30 a.m. prevailing Pacific Time. The Debtors have determined that the Auction and sale process contemplated herein is the optimal mechanism for maximizing the value of the 363 Assets for the benefit of the Estates and creditors. About Las Vegas Color Graphics Inc. Las Vegas Color Graphics Inc. offers a full suite of graphic communication solutions, including offset and digital printing, finishing, mailing, signage, and large-format display services. Las Vegas Color Graphics sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 25-16697) on Nov. 5, 2025. In its petition, the Debtor estimated assets between $1 million and $10 million and liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Natalie M. Cox handles the case. The Debtor is represented by Teresa M. Pilatowicz, of GARMAN TURNER GORDON. LAS VEGAS COLOR: To Sell Vehicles to Multiple Buyers ---------------------------------------------------- Las Vegas Color Graphics, Inc. and its affiliate, ColorArt, LLC, seek permission from the U.S. Bankruptcy Court for the District of Nevada, to sell Certain Vehicles to the highest bidder, free and clear of liens, claims, interests, and encumbrances. The Debtors have certain vehicle assets, identified on Exhibit 2, which the Debtors seek to sell in lots, subject to an overbid at the Sale Hearing. https://urlcurt.com/u?l=9Kp08C As to the Vehicle Assets, the Debtors have negotiated with Rapid Color via one of its principals, Mr. David Huckabay for the purchase of three of the Vehicle Assets (a 2010 Ford Ranger, a 2011 Ford Ranger, and a 2015 International Box Truck) and have negotiated with Mr. Henry Lujan for the purchase of a 2007 Freightliner M2 106 MED2 —all of which bids are subject to overbid at the Sale Hearing. Certain of the Vehicle Assets have suffered damage, including the international box truck (a Vehicle Asset), which was missing batteries and copper wiring connecting to the batteries having been cut, while the Freightliner does not start. Because of the size and value of the Assets, the Debtors believe a straightforward Sale is the most cost effective way of generating proceeds for the estate while keeping administrative costs down and propose to sell the Assets in lots. Additionally, in light of the Debtors' relinquishment of their Las Vegas premises, the Vehicle Assets are primarily being held at a storage lot owned by Rapid Color, a prospective purchaser. No trustee or examiner has been appointed in these Chapter 11 Cases. Aequum Capital Financial II LLC is lienholder of the Vehicles. Debtors seek the sale, free and clear, and "as is" and without warranty of any kind, of the Assets, to the proposed purchasers, and that the purchaser(s) of the Assets. The Debtors have determined that the sale of the Assets is a prudent exercise of the Debtors' business judgment and is in the best interest of the creditors of the bankruptcy estates because the Sale requested will ultimately result in a Sale of the Assets, generating proceeds in a reasonably prompt fashion, while minimizing the administrative costs to the Estates of conducting such Sale. About Las Vegas Color Graphics Inc. Las Vegas Color Graphics Inc. offers a full suite of graphic communication solutions, including offset and digital printing, finishing, mailing, signage, and large-format display services. Las Vegas Color Graphics sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 25-16697) on Nov. 5, 2025. In its petition, the Debtor estimated assets between $1 million and $10 million and liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Natalie M. Cox handles the case. The Debtor is represented by Teresa M. Pilatowicz, of GARMAN TURNER GORDON. LIFE LINE PLUMBING: Gets Final OK to Use Cash Collateral -------------------------------------------------------- Life Line Plumbing, LLC received final approval from the U.S. Bankruptcy Court for the Southern District of Texas, to use cash collateral. The Debtor's use of cash collateral, including revenues is limited to expenses contained in the court-approved 30-day budget, which projects total operational expenses of $42,585. Actual expenditures must not exceed the budgeted amount for any line item by more than 10%, according to the order. As adequate protection, secured creditors identified in the motion are granted replacement liens on all post-petition cash collateral and newly acquired property, with the same extent and priority as their prepetition liens. These replacement liens do not attach to Chapter 5 avoidance actions. Holders of allowed secured claims with perfected interests in cash collateral also receive replacement liens on post-petition accounts receivable, contract rights, and deposit accounts. The order preserves creditors' rights to seek additional adequate protection, object to improper use of cash collateral, or pursue any other remedies available under the Bankruptcy Code or applicable law. The court expressly states that the order does not determine whether creditors are adequately protected, does not constitute acceptance of any future reorganization plan, and does not waive or limit any rights, claims, defenses, or remedies available to either the debtor or its creditors. The Debtor's authority to use cash collateral will automatically terminate upon dismissal or conversion of its bankruptcy case; appointment of a Chapter 11 trustee; expiration of the order without extension; or a material breach of the budget requirements. The order is available at https://shorturl.at/tbH0H About Life Line Plumbing LLC Life Line Plumbing, LLC is a Katy, Texas-based residential and commercial plumbing company formed in 2013. Life Line Plumbing sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-33536) on May 20, 2026, with up to $100,000 in assets and up to $500,000 in liabilities. Jacob Rogers, company owner, signed the petition. Judge Jeffrey P. Norman oversees the case. Robert C. Lane, Esq., at The Lane Law Firm, represents the Debtor as bankruptcy counsel. LINQTO INC: Cleared to Sell $130M in Ripple Shares Prior Ch.11 Exit ------------------------------------------------------------------- Clara Geoghegan of Law360 Bankruptcy Authority reports that a Texas bankruptcy judge on Wednesday, July 1, 2026, approved Linqto Inc.'s request to sell $130 million in Ripple Labs shares, finding that the transactions will support the company's efforts to conclude its Chapter 11 case. The former investment platform told the court that the sales are essential to its restructuring strategy. According to the debtor, the Ripple equity sales will generate critical liquidity needed to fund the bankruptcy estate and satisfy obligations under its proposed reorganization. Company counsel said the transactions were negotiated on commercially reasonable terms and are expected to maximize recoveries for creditors. The court's approval clears the way for Linqto to monetize one of its largest investments as it works toward exiting Chapter 11. The company will continue implementing its restructuring plan while completing the authorized asset sales, the report relays. About Linqto Inc. Linqto Inc. is a San Jose-based financial technology company operating in the alternative investment space. Linqto Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 25-90187) on July 7, 2025. The case is jointly administered with the Chapter 11 cases of Linqto Texas, LLC, Linqto Liquidshares, LLC and Linqto Liquidshares Manager, LLC under case number 25-90186. In its petition, Linqto Inc. reported estimated assets and liabilities between $500 million and $1 billion. Judge Alfredo R. Perez oversees the cases. The Debtors tapped Gabrielle A. Hamm, Esq. at Schwartz, PLLC as legal counsel; Breakpoint Partners, LLC as restructuring advisor; ThroughCo Communications, LLC as public relations agent; and Epiq Corporate Restructuring, LLC as claims agent. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee is represented by Orrick, Herrington & Sutcliffe, LLP. Sandton Capital Solutions Master Fund VI, LP, as DIP Lender, is represented by Kristen L. Perry, Esq., at Faegre Drinker Biddle & Reath, LLP, in Dallas, Texas; Richard J. Bernard, Esq., at Faegre Drinker Biddle & Reath, LLP, in New York; and Michael R. Stewart, Esq., and Adam C. Ballinger, Esq., at Faegre Drinker Biddle & Reath, LLP, in Minneapolis, Minnessota. Sandton may also be reached through Robert Rice, Esq. LIQUOR WORLD: Court Extends Cash Collateral Access to July 15 ------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of New York entered a second interim order allowing Liquor World of Syracuse Inc. to continue using cash collateral. Under the second interim order, the Debtor is authorized to continue to use cash collateral through July 15. As adequate protection, PathFinder Bank will be granted replacement liens on the Debtor's post-petition asset, maintaining the same relative priority as its pre-petition liens and are effective as of the bankruptcy filing date without requiring additional filings or recordings. The order does not determine whether the replacement liens alone adequately protect the bank's claims. The order preserves the rights of the secured creditor, the U.S. Trustee, the Debtor, and other parties to challenge lien validity, secured status, collateral value, or to seek additional adequate protection at a later stage of the Debtor's Chapter 11 case. The court scheduled the next hearing for July 15. Any objections or responses must be filed by July 8. About Liquor World of Syracuse Inc. Liquor World of Syracuse, based in East Syracuse, New York, operates as a retail liquor store offering a wide selection of wines, spirits, and beers, while featuring staff-curated picks and hosting tastings and events designed to introduce customers to new products. The store serves local residents through in-store purchases and delivery, and its online platform allows customers to browse inventory organized by type, country, and region, check promotions, and manage accounts, combining convenience with a community-focused shopping experience. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 26-30231) on March 27, 2026, with $479,500 in assets and $1,973,714 in liabilities. Kirandeep Nafri, president, signed the petition. Judge Wendy A. Kinsella presides over the case. Robert B. Gleichenhaus, Esq., at Gleichenhaus, Marchese & Weishaar, P.C. represents the Debtor as legal counsel. LISA GILMORE: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- Lisa Gilmore Design, LLC received interim approval from the U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, to use cash collateral in its Chapter 11 Subchapter V case. The order authorized the Debtor to use cash collateral to pay court-authorized expenses, including Subchapter V trustee payments, operating expenses set forth in the approved budget with up to a 10% variance per line item, and additional expenditures approved in writing by the U.S. Small Business Administration or ODK Capital, LLC. The Debtor must also continue making adequate protection payments as outlined in its motion. To protect secured creditors, the court granted them replacement liens on post-petition cash collateral with the same validity and priority as their prepetition liens, without requiring additional filings. The Debtor must maintain insurance coverage in accordance with its loan agreements with SBA and ODK and provide secured creditors reasonable access to its business records and premises for inspection upon notice. The order preserves the rights of all parties. It does not prevent secured creditors from seeking additional adequate protection or restrictions on cash collateral use, nor does it limit other remedies available to them. It also preserves the U.S. Trustee's authority to appoint a creditors' committee and any such committee’s right to challenge the validity, priority, or extent of liens asserted against the cash collateral. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/Epe9X from PacerMonitor.com. The court scheduled a continued preliminary hearing for July 14. About Lisa Gilmore Design LLC Lisa Gilmore Design, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-04817) on June 4, 2026, with $0 to $50,000 in assets and $500,001 to $1 million in liabilities. Leon A. Williamson, Jr., Esq. at the Law Office Of Leon A. Williamson, Jr. represents the Debtor as legal counsel. LOS ANGELES ZOO: Section 341(a) Meeting of Creditors on July 17 --------------------------------------------------------------- On June 26, 2026, Greater Los Angeles Zoological Association 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 100 and 199 creditors and estimated liabilities of $1 million to $10 million. Court records indicate the association has experienced declining membership and is engaged in litigation with the City of Los Angeles concerning governance and long-term revenue sustainability. A meeting of creditors under Section 341(a) to be held on July 17, 2026 at 01:30 PM at UST-LA1, TELEPHONIC MEETING. CONFERENCE LINE:1-888-330-1716, PARTICIPANT CODE:4892201. About Greater Los Angeles Zoological Association Greater Los Angeles Zoological Association is a Glendale, California-based zoological garden support and animal conservation organization. The nonprofit supports the Los Angeles Zoo through fundraising, membership programs, marketing, donor relations, and conservation initiatives. Greater Los Angeles Zoological Association sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-16410) on June 26, 2026. In its petition, the Debtor reports estimated assets of $50 million to $100 million and estimated liabilities of $1 million to $10 million. Honorable Deborah J. Saltzman handles the case. The Debtor is represented by Marc A. Lieberman, Esq. of FLP Law Group LLP. LOT 1 COQUINA: Seeks to Tap Bruner Wright PA as Bankruptcy Counsel ------------------------------------------------------------------ Lot 1 Coquina Place Investments, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Florida to hire Bruner Wright, P.A. as counsel. Bruner Wright will provide these services: (a) give the Debtor and Debtor-in-Possession legal advice with respect to its powers and duties in these proceedings; (b) prepare on behalf of the Debtor and Debtor-in-Possession the necessary applications, answers, orders, reports and other legal papers; (c) perform all other legal services for the Debtor and Debtor-in-Possession which may be necessary; and (d) advise the Debtor on its relations with, and responsibilities to, creditors and other interested parties. Bruner Wright, P.A. rates for attorney fees in this case range from $425 to $475 per hour. The firm's rate for paralegal time is $225 per hour. The firm agreed to a retainer of $12,000, of which $1,487.50 was utilized in connection with pre-petition services, and $1,738 was expended on the filing fee for this case. According to court filings, Bruner Wright P.A. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Robert C. Bruner, Esq. Bruner Wright, P.A. 2868 Remington Green Circle Tallahassee, FL 32308 Telephone: (850) 385-0342 Facsimile: (850) 270-2441 E-mail: rbruner@brunerwright.com About Lot 1 Coquina Place Investments, LLC Lot 1 Coquina Place Investments, LLC is a real estate investment and property holding company. The company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 26-30630) on June 15, 2026. In its petition, the debtor reported estimated assets ranging from $1 million to $10 million and estimated liabilities ranging from $1 million to $10 million. The case is pending before the U.S. Bankruptcy Court for the Northern District of Florida. The debtor is represented by Byron Wright, III, Esq., of Bruner Wright, P.A. M & B HOLDINGS: Seeks to Hire Skybound Partners LLC as Broker ------------------------------------------------------------- M & B Holdings of Delaware, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Alabama to employ Skybound Partners LLC as broker. The Debtor requires services of the broker to market and sell the Debtor's 1979 Cessna Citation II, Serial No. 550-0374 and airplane hangar, located at 700 Commerce Dr., Gulf Shores, Alabama, 36542. The firm will receive a commission equal to 5% of the final price. As disclosed in the court filings, the broker is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code and does not hold or represent any interest adverse to the Debtor. The firm can be reached through: JP Dice Skybound Partners LLC 1024 Willow Branch Trail Chelsea, AL 35043 Phone: (205) 317-5867 About M & B Holdings of Delaware LLC M & B Holdings of Delaware, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ala. Case No. 26-11230) on April 29, 2026, with $1 million to $10 million in both assets and liabilities. Judy Belk, manager, signed the petition. Judge Henry A. Callaway presides over the case. Edward J. Peterson, Esq., at Berger Singerman, LLP represents the Debtor as legal counsel. MADEWELL CONCRETE: Asset Auction Scheduled for July 7, 2026 ----------------------------------------------------------- The assets of Madewell Concrete, LLC and Madewell Home Services, Inc. have been put up for sale. 1. What is Being Sold? Substantially all of the operating assets of Madewell Concrete, LLC and Madewell Home Services, Inc. ("Debtors"), including but not limited to the Debtors' right to intellectual property and other general intangibles, contracts, and accounts, but excluding leased equipment, equipment in which another secured party holds a valid, perfected purchase money security interest, or titled equipment which another secured party has perfected a security interest by compliance with the relevant certificate of title statute (collectively, the "Collateral"). 2. What is the Debtors' Business? Debtor Madewell Concrete, LLC operates under the trade name of Concrete Driveway Co., and advertises itself as a tech-enabled, nationwide company targeting the fragmented residential hardscape market—installation of driveways, patios, and foundations—still dominated by local mom-and-pop contractors. According to Debtor, it generates and manages customer relationships and coordinates with a contractor network to provide installation services. Debtor Madewell Home Services, Inc. is a holding company. 3. Article 9 Sale. This auction ("Auction") will be conducted, and this public notice is being provided, pursuant to Section 9-610 of the Uniform Commercial Code ("UCC"), as adopted in the State of Utah and any other applicable jurisdictions, and any other applicable law. 4. Who is the Seller? Decathlon Alpha IV, L.P. ("Secured Party") is the seller. The Secured Party holds a security interest in the Collateral. 5. When and Where is the Auction? The Auction will be held on July 7, 2026 at 10:00 a.m. CT and there is an initial bid deadline of July 2, 2026 at 3:00 p.m. CT. It will be held at the law firm of Fredrikson & Byron, 60 South Sixth Street, #1500, Minneapolis, MN 55402 but open bidding shall be conducted via video conference. Only Qualified Bidders and their representatives may attend; credentials to be supplied to Qualified Bidders. 6. Minimum Bid and Deposit. Among other requirements, to participate in the Auction, a Qualified Bidder must make a minimum bid and provide a deposit as specified in the applicable bid procedures ("Bid Procedures"). 7. More Information – Who to Contact? Please email info@decathloncapital.com for more information, to get a copy of the Bid Procedures, to express your interest in becoming a Qualified Bidder, and/or to schedule a due diligence session. 8. Terms and Conditions. The following Terms and Conditions (in addition to the Bid Procedures) apply to the Auction: a. The Auction is a public sale. The winning bid will be chosen in the Secured Party's sole discretion through weighing many factors including, but not limited to, the amount of consideration, type of consideration and proposed terms. b. While, in general, offers must be made with cash, credit bid or cash equivalent, a waiver of this requirement is in the sole discretion of the Secured Party. As such, the Secured Party, if it deems advisable, will designate a second party as back-up bidder in the event that the successful bidder is unable to consummate the anticipated transaction. If, at any point, the successful bidder or backup bidder is unable to fulfill its commitments, its deposit will be forfeited. The Secured Party may, in its sole and absolute discretion, waive this forfeiture. c. The Collateral will be transferred via a Secured Party Bill of Sale with no representations, no warranties (whether express or implied) and all Collateral will be sold "as-is, where-is, with all faults." d. The Secured Party will provide access to a data room and other information to qualified, interested parties at the Secured Party's discretion provided that a confidentiality and non-disclosure agreement ("NDA") is signed by the interested party and is on file. To protect the integrity of the information and the value of the Collateral, the Secured Party does not intend to grant access to parties in litigation with the Debtors, and only to competitors on a case-by-case basis. Each entity that executes an NDA shall be deemed to acknowledge and represent that (i) it is bound by the Terms and Conditions of Sale and Bid Procedures; (ii) it has an opportunity to perform due diligence on the Collateral; (iii) it is not relying upon any written or oral statements, representations, or warranties of the Secured Party, or its staff, agents or attorneys; and (iv) all provided documents and reports have been provided solely for the convenience of interested parties and neither the Secured Party nor its staff, agents or attorneys, make any representations as to the accuracy or completeness of same. e. The information contained in the data room or otherwise provided to qualified, interested parties, has been provided by the Debtors. Neither the Secured Party nor its staff, agents or attorneys, has independently verified such information, nor do they warrant the truth or accuracy of any statement made therein. Interested parties are solely responsible for performing their own due diligence to determine the nature, value, fitness for use and status of the offered Collateral through independent investigation by themselves and their legal and financial advisors. f. Any person that wishes to bid at the Auction must first become a Qualified Bidder. To become a Qualified Bidder, such person must no later than 3:00 p.m. (Central Time) on July 2, 2026 submit to Secured Party a bid package as specified in the Bid Procedures, which are available to interested parties. g. The Secured Party reserves the right to credit bid up to the full amount of its debt. MAKIIN LLC: Hires Elias M. Yazbeck PLLC as Bankruptcy Counsel ------------------------------------------------------------- MaKiin LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire The Law Office of Elias M. Yazbeck, PLLC as its general bankruptcy counsel. The firm's services include: (a) advising and representing the Debtor during the bankruptcy process; (b) representing the Debtor in any negotiations and discussion with third parties; (c) representing the Debtor in any meetings, hearings, and conferences including the 341 meeting of creditors; (d) preparing pleadings, including any motions and applications necessary to facilitate the administration of this case; (e) taking all actions needed to preserve the value of Debtor and its assets as a going concern for the benefit of creditors; (f) facilitating the plan confirmation process; and (g) performing all other acts and services necessary to assist the Debtor during its Chapter 11 reorganization. Yazbeck PLLC has agreed to represent the Debtor as part of this engagement on this hourly fee basis at the rates it customarily charges to other clients both in and out of bankruptcy: Elias M. Yazbeck (Lead) $400 Mei Young, Managing Member $400 Associate Jackie Chiba $400 Prior to the Petition Date, Yazbeck PLLC received a deposit retainer in the amount of $20,000. Yazbeck PLLC is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code and holds no interest adverse to the estate. The firm can be reached at: Elias M. Yazbeck, Esq. THE LAW OFFICE OF ELIAS M. YAZBECK, PLLC 4119 Montrose Blvd., Suite 470 Houston, TX 77006 Phone: (281) 755-7320 E-mail: elias@yazbecklaw.com About MaKiin LLC MaKiin LLC operates a Thai dining concept in Houston, Texas, at Hanover in River Oaks. The restaurant offers Thai plates with modern and inventive elements, along with Thai High Tea and gluten-free, vegetarian, and vegan menu options. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-33560) on May 20, 2026, with $68,421 in assets and $1,294,798 in liabilities. Warattayar Srasrisuwan, director and sole owner, signed the petition. Judge Jeffrey P. Norman presides over the case. Elias Yazbeck, Esq. at THE LAW OFFICE OF ELIAS M. YAZBECK, PLLC represents the Debtor as legal counsel. MAR & MAR: Court OKs Deal to Use SBA's Cash Collateral ------------------------------------------------------ The U.S. Bankruptcy Court for the Central District of California, Santa Ana Division approved a stipulation between Mar & Mar, Corp. and the U.S. Small Business Administration governing the use of cash collateral. Under the court order, the Debtor is authorized to use the SBA's cash collateral to pay post-petition operating expenses, subject to the terms of the approved stipulation. This authorization remains effective until Sept., unless it is modified or renewed by agreement or court order, a Chapter 11 plan is confirmed, or the bankruptcy case is converted or dismissed. As adequate protection, the SBA was granted automatically perfected replacement liens, effective retroactively to the petition date, on the Debtor's post-petition revenues to the same extent and priority as its pre-petition liens. In addition, the SBA was granted a superpriority administrative claim for any collateral value lost due to the Debtor's authorized use of cash collateral. The order also approved the Debtor's monthly payment of $675 to the SBA, retroactive to June 1. The order is available at http://bankrupt.com/misc/MarandMar_OrderCCStip122.pdf Mar & Mar obtained an SBA COVID-19 Economic Injury Disaster Loan, originally issued in May 2020 for $150,000 and increased in July 2021 to a total of $500,000, the loan bears interest at 3.75% over a 30-year term ending in May 2050. As of the bankruptcy filing, the outstanding balance was approximately $463,292.58. Under the loan documents, the proceeds were required to be used solely as working capital to alleviate economic injury caused by the COVID-19 pandemic and to cover certain UCC filing costs. The SBA's claim is secured by a broad security interest in virtually all of the Debtor's personal property, including inventory, equipment, accounts receivable, deposit accounts, commercial tort claims, general intangibles, software, chattel paper, instruments, documents, and all proceeds and replacements of such assets. These security interests were perfected through a Security Agreement and a UCC-1 financing statement filed in May 2020. Because these assets include cash generated by the business, the Debtor's post-petition use of those funds constitutes the use of the SBA's cash collateral under the Bankruptcy Code. About Mar & Mar Corp. Mar & Mar, Corp. was founded in 2005. The Company's line of business includes the retail sale of new and used motorcycles. Mar & Mar sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10257) on January 28, 2026. In its petition, the Debtor reported assets of up to $100,000 and liabilities of between $100,001 and $1 million. The case is being handled by Honorable Bankruptcy Judge Scott C. Clarkson. The Debtor tapped Steven E. Cowen, Esq., at S.E. Cowen Law as bankruptcy counsel and Bookkeeping Repair, LLC as bookkeeper. The U.S. Trustee for Region 17 appointed Mark Sharf, Esq., a practicing attorney in Los Angeles, as Subchapter V trustee for the Debtor. MAYNARD STEEL: Wadsworth Seeks Potential Buyers for Assets ---------------------------------------------------------- Wadsworth Whitestar Consultants is seeking prospective buyers interested in the assets of Maynard Steel Casting Company. Maynard is a 119-year-old Milwaukee based company recognized as a leader in the production of highly engineered, low-carbon alloy steel castings delivering finished components ranging from 1,000 to 35,000 pounds. Maynard was founded in 1907 and acquired by the current ownership family in 1913. The Company occupies a 420,000 square foot manufacturing facility on 15.3 acres and also owns adjacent property of 4.33 acres with a storage facility that stores customer owned patterns. The Company currently has 97 employees. Sales have declined from $27,698,425 in 2024 to $19.865,569 in 2025. Certain customers have informed management that orders would increase if there were indications that delivery times and quality were to be improved. Due to the sales volume being below the break-even point, the Company has experienced losses in 2025 and for the first quarter of 2026. Continued concerns about financial performance coupled with investor fatigue led stakeholders to the conclusion that Maynard must be sold as a going concern. To facilitate this process while protecting the interests of the Company's creditors, Maynard made a voluntary Assignment for the Benefit of Creditors and requested the appointment of a Receiver pursuant to Chapter 128 of the Wisconsin Statutes. On May 7, 2026, a Petition was filed to appoint Devon J. Eggert Esq. as Wis. Stats. 128 Receiver for Maynard. The Receivership process allows the Receiver to continue operating the business in the ordinary course until the Company's assets are sold free and clear of all liens, claims and encumbrances, subject only to secured creditor consent and approval by the court. The Receiver has retained Wadsworth Whitestar Consultants to oversee the Company's continued operations and assist in the sale of its assets as a going concern. Accordingly, the firm is soliciting expressions of interest from qualified buyers prepared to move quickly in pursuit of this unique acquisition opportunity. The Receiver has instructed Wadsworth Whitestar Consultants to expedite the sale process and would like to close a transaction within 60 days. If you are interested in this opportunity, please contact the undersigned at your earliest convenience in order to obtain a Confidentiality Agreement. Following the receipt of an executed Confidentiality Agreement, due diligence information will be made available and site visits will be arranged upon request. For additional public information regarding Maynard, please visit the Company's website: www.maynardsteel.com Patrick Caracciolo Wadsworth Whitestar Consultants Phone: 708-814-7028 E-mail: Patrick@WadsworthWhitestar.com Devon J. Eggert Esq., Receiver Beck, Chaet, Bamberger & Polsky Phone: 414-390-5935 E-mail: Deggert@bcblaw.net About Maynard Steel Casting Co. Maynard Steel Casting, founded in 1907, manufactures steel castings for the mining, infrastructure and heavy machinery sectors. The company has long served industrial clients involved in construction, resource extraction and large equipment manufacturing. MBA INVESTMENTS: Seeks to Hire Allan D. NewDelman PC as Counsel --------------------------------------------------------------- MBA Investments LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire Allan D. NewDelman, PC as counsel. The firm's services include: (a) advise the Debtor with respect to all matters related to this Chapter 11 case; (b) prepare on behalf of the Debtor necessary legal papers; and (c) perform all other legal services for the Debtor which may be necessary. The firm will be paid at these hourly rates: Allan NewDelman, Attorney $475 Roberta Sunkin, Attorney $395 Paralegal $150 - $200 The firm will be paid an initial retainer of $7,500, plus the filing fee of $1,738. Mr. NewDelman 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: Allan D. NewDelman, Esq. Allan D. NewDelman, PC 80 East Columbus Avenue Phoenix, AZ 85012 Telephone: (602) 264-4550 Facsimile: (602) 277-0144 Email: anewdelman@adnlaw.net About MBA Investments LLC MBA Investments, LLC is an investment and asset management company engaged in business and financial investment activities. MBA Investments filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Ariz. Case No. 26-05919) on June 16, 2026. In its petition, the Debtor reported assets of up to $100,000 and liabilities of between $100,001 and $1 million. Honorable Bankruptcy Judge Paul Sala handles the case. The Debtor is represented by Allan D. Newdelman, Esq., at Allan D. Newdelman PC. MCITBE LLC: Behrooz Vida Named Subchapter V Trustee --------------------------------------------------- The U.S. Trustee for Region 6 appointed Behrooz Vida, Esq., at the Vida Law Firm, PLLC as Subchapter V trustee for MCITBE LLC. Mr. Vida will be paid an hourly fee of $495 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Vida declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Behrooz P. Vida, Esq. The Vida Law Firm, PLLC 3000 Central Drive Bedford, TX 76021 Telephone: (817) 358-9977 Facsimile: (817) 358-9988 behrooz@vidalawfirm.com About MCITBE LLC MCITBE LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 26-32580) on June 10, 2026, with $1 million to $10 million in assets and liabilities. Paul Cox, manager, signed the petition. Mark P. Yablon, Esq., at Yablon Law, PLLC represents the Debtor as bankruptcy counsel. MEDICAL SOLUTIONS: S&P Downgrades ICR to 'D' on Debt Restructuring ------------------------------------------------------------------ S&P Global Ratings lowered its issuer credit rating on Medical Solutions Parent Holdings Inc., and the issue-level ratings on the revolver and first-lien term loan to 'D' from 'CCC-' and the second-lien term loan to 'D' from 'C'. S&P expects to reassess our ratings over the coming days to reflect the revised capital structure and improved liquidity. Medical Solutions completed a debt exchange that extends maturities and modifies other terms. The transaction includes $143 million of additional debt from existing lenders and swapping first-lien and second-lien lenders into new first-out, second-out, and third-out tranches at a discount, with a higher interest rate and maturities extended beyond November 2030. S&P said, "We view this transaction as distressed and tantamount to a default on the revolver, first-lien and second-lien term loans. We believe lenders receive less than the original promise of those obligations and are not adequately compensated. "The downgrades reflect our view of Medical Solutions' debt exchange as distressed. The transaction affects all tranches of the company's outstanding debt. As part of restructuring, it repaid $125 million of $151 million outstanding on its revolver balance and swapped first-lien and second-lien lenders into new first-out, second-out, and third-out tranches at a discount." Lenders receive less than the outstanding amount. The interest rate on all three tranches of new first-lien term loan is higher than on the previous first-lien term loan, and the maturities on all the debt are extended by four years to November 2030 and beyond. Medical Solutions also raised an additional $143 million of debt at a higher interest rate. The company will use proceeds of the new debt to partially repay the outstanding revolver balance. S&P said, "We view this restructuring as distressed and tantamount to a default because lenders receive less than they were promised under the original securities without adequate compensation for the maturity extensions. This transaction enhances its maturity profile. "We plan to reassess our ratings on Medical Solutions over the coming days to reflect the revised capital structure and improved liquidity and credit profiles." MERCYHURST UNIVERSITY, PA: S&P Affirms 'BB' Rating on 2016 Bonds ---------------------------------------------------------------- S&P Global Ratings affirmed its 'BB' long-term rating on the Erie Higher Education Building Authority, Pennsylvania's series 2016 bonds, issued on behalf of Mercyhurst University. The outlook is negative. S&P said, "The negative outlook reflects our expectation that, while the university's enrollment will somewhat stabilize during the outlook period, we expect it to continue posting full-accrual operating deficits, despite planned elevated endowment draws. We do not expect additional debt during the outlook period, and we expect the university will be in compliance with its amended covenants related to the Key Bank debt. "We could lower the rating if the university does not meet its amended financial covenant related to the Key Bank debt, if enrollment declines materially, or if operating deficits or elevated endowment draws are larger than expected. We could also consider a negative rating action if the university incurs an event of default related to the 2016 bonds, if its financial resources decline, or if it issues debt during the outlook period. "We could consider an outlook revision to stable if the university meets its amended covenants and operations improve, as expected. We would also view continued stabilization in enrollment or an improvement in financial resources positively." MG LOGISTICS: Leasing Operations & Equity Contribution to Fund Plan ------------------------------------------------------------------- MG Logistics Incorporated filed with the U.S. Bankruptcy Court for the Northern District of Illinois a Disclosure Statement for First Amended Plan of Reorganization dated June 23, 2026. The Debtor is a licensed motor carrier incorporated under the laws of the State of Illinois that owns and leases commercial trucks and trailers to Max Freight, Inc., a non-debtor affiliated operating company wholly owned by Vassil Bayraktarov, the Debtor's President and sole equity holder. The Debtor's financial difficulties arose primarily from a severe and prolonged contraction in the U.S. trucking and freight logistics industry. Over the several years preceding the Petition Date, the trucking sector experienced declining freight volumes, compressed profit margins, and a wave of carrier bankruptcies across the industry, driven by overcapacity following the COVID-19 pandemic demand surge, rapidly rising fuel and insurance costs, persistent driver shortages, and a sharp decline in spot market freight rates. The Plan provides for the reorganization of the Debtor as a going concern leasing business. On the Effective Date, all of the Debtor's assets will vest in the Reorganized Debtor free and clear of all liens, claims, and encumbrances except for the liens expressly retained by the Equipment Lenders. The Reorganized Debtor will continue to lease its fleet of commercial trucks and trailers to Max Freight. The Plan further provides that the Debtor's equity interests in the Reorganized Debtor may be exposed to a market-test process through the Equity Auction for one hundred percent of the new equity in the Reorganized Debtor (the "New Equity"). The Equity Auction will be conducted pursuant to the Terms and Procedures set forth in the Plan. The purpose of the Equity Auction is to determine whether a third party is willing to provide a higher or otherwise better new-value contribution than the Plan Sponsor's proposed Equity Contribution while preserving the going-concern reorganization contemplated by the Plan. The Debtor sought Chapter 11 protection primarily as a result of a severe and prolonged downturn in the U.S. trucking industry, which materially reduced Max Freight's ability to make full lease payments to the Debtor. The Debtor's gross revenues declined from approximately $103.4 million in 2021 to approximately $8.1 million through the Petition Date in 2025. Despite significant efforts by the Plan Sponsor, including personally loaning over $7.3 million net to the Debtor, the Debtor was unable to remain current with its Equipment Lenders, landlords, and unsecured trade creditors. In general: (i) Equipment Lenders (Classes 2-8) will be paid in full or in part over restructured amortization periods; (ii) Landlord Claims (Class 9) will receive the treatment set forth in the Landlord Settlement; (iii) Holders of Allowed General Unsecured Claims (Class 10) will receive their pro rata share of: (a) at least $100,000 (the Net Portion of the Equity Contribution); (b) the Avoidance Action Net Proceeds; and (c) any Bad Faith Claim Recovery; and (iv) the Plan Sponsor (Class 12) retains his existing equity interest. Other Priority Claims in Class 1 are paid in full under the Plan, but the Debtor believes there likely are no claims in this Class. Class 10 consists of General Unsecured Claims. Pro rata share of: (i) (a) the net proceeds of any approved Winning Bid from the Equity Auction or, (b) if no third-party Winning Bid is approved, the Net Portion of Equity Contribution (at least $100,000); (ii) Bad Faith Claim Recovery (proceeds from the Estate's Claims against Wesco Insurance/Amtrust); and (iii) any proceeds from Avoidance Actions. Class 12 consists of Existing Equity Interest Holders. Plan Sponsor retains the Existing Equity Interest only if no third-party Winning Bid is approved and consummated through the Equity Auction. If a Winning Bid is selected and approved by the Bankruptcy Court, the Existing Equity Interest will be cancelled, extinguished, transferred, or otherwise treated as necessary to consummate the Winning Bid, and the Purchaser will receive the equity interests in the Reorganized Debtor or other rights provided under the Winning Bid. All Cash necessary to fund Plan distributions and post Confirmation operations will be derived from: (i) existing Cash held by the Debtor on the Effective Date; (ii) Cash generated from operations after the Effective Date; and (iii) the Plan Funding, including the Equity Contribution or such other Cash contributed by the Winning Bidder at the Equity Auction. On the Effective Date, unless a third-party Winning Bid is approved and provides otherwise, the Plan Sponsor will transfer $200,000 to the Reorganized Debtor as the Equity Contribution. The Net Portion of the Equity Contribution, which will be at least $100,000 and is the portion not needed by the Debtor after taking into account available Cash and other Plan exit costs for funding Administrative Claims and Priority Tax Claims, will be distributed to Holders of Allowed General Unsecured Claims on a pro rata basis. A full-text copy of the Disclosure Statement dated June 23, 2026 is available at https://urlcurt.com/u?l=u3tYzU from PacerMonitor.com at no charge. MG Logistics Incorporated is represented by: Matthew E. McClintock, Esq. Jeffrey Dan, Esq. Joshua Grenard, Esq. GOLDSTEIN & MCCLINTOCK LLLP 111 W. Washington Street, Suite 1221 Chicago, IL 60602 Telephone: (312) 337-7700 Facsimile: (312) 277-2310 E-mail: mattm@goldmclaw.com About MG Logistics Incorporated MG Logistics Incorporated provides freight transportation services across the U.S. The Company operates from Huntley, Illinois, and is authorized for interstate trucking. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-10269) on July 4, 2025. In the petition signed by Vassil Bayraktarov, authorized representative of the Debtor, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Donald R. Cassling oversees the case. Jeffrey C. Dan, Esq., at Goldstein & McClintock, LLLP, is the Debtor's legal counsel. MONTANA VILLAGE: Lender Seeks to Prohibit Cash Collateral Access ---------------------------------------------------------------- Indicate Capital REIT, LLC asks the U.S. Bankruptcy Court for the District of Colorado to prohibit Montana Village Developers, LLC from continuing to use cash collateral, alleging repeated violations of a prior court-approved cash collateral order. The lender is the holder of a first-priority deed of trust securing a $8.575 million promissory note. As of the bankruptcy filing, the debt totaled approximately $10.45 million, including principal, accrued interest, and attorneys' fees. Based on the Debtor's own valuation of its real property at $12.85 million, Indicate asserts that it is an oversecured creditor and therefore entitled to post-petition interest at the default rate, increasing its claim to about $11.9 million as of June 15. The Debtor's property consists of 19 townhomes located at 3650 South Delaware Street in Denver, Colorado. Indicate's deed of trust includes a valid assignment of rents, giving it a perfected security interest in all rental income generated by the property. Those rental proceeds constitute cash collateral under the Bankruptcy Code. Although the Debtor obtained court approval in January to continue using the cash collateral through July 31, the authorization was strictly limited to expenditures outlined in an approved budget. The court's order permitted only minor fluctuations of up to 15% for each monthly expense category, unless further approval was obtained. The lender argues that the Debtor has disregarded these restrictions. According to the Debtor's May 2026 monthly operating report, the property generated $184,640 in rental income during the first eight months of the bankruptcy case, while total expenses reached $123,973, leaving net income of approximately $60,667. The lender alleges that a significant portion of these expenditures either exceeded approved budget amounts or involved entirely unauthorized expenses. Among the alleged violations, the Debtor spent nearly $26,000 on appliances even though no appliance purchases were included in the approved budget or authorized by the court. Repair and maintenance expenses totaled more than $29,000 despite the approved budget allowing only $3,000. Indicate also questions the necessity of these repairs because the townhomes were newly constructed and, according to the creditor, should still be covered by warranties. Utility expenses reached nearly $22,000 compared with the approved budget of $9,000, while landscaping costs exceeded authorized amounts by several hundred percent. In each instance, the Debtor allegedly failed to seek court approval for the excess expenditures or explain the reasons for the overruns. The lender argues that a debtor may use cash collateral only with the secured creditor's consent or court authorization. Since Indicate consented only to the expenditures specifically authorized in the cash collateral order, the lender argues that the Debtor improperly used its collateral for unauthorized purposes. The lender estimates that more than half of the Debtor's expenditures to date were not permitted under the approved budget. Accordingly, Indicate asks the court to prohibit the Debtor from any further unauthorized use of cash collateral, enforce compliance with the existing cash collateral order, and require the Debtor to provide a complete accounting of all disputed expenditures, including receipts and documentation for every expense that exceeded the approved budget or was not previously authorized. A copy of the motion is available at https://urlcurt.com/u?l=nkDhaU from PacerMonitor.com. About Montana Village Developers LLC Based in Denver, Colorado, Montana Village Developers, LLC, is a real estate development company focused on a single property, qualifying it as a single-asset real estate entity under 11 U.S.C. Section 101(51B). It is managed by Nathan Adams through its sole equity holder, redtCapital Partners, LLC. Montana Village Developers filed its voluntary petition for Chapter 11 protection (Bankr. D. Colo. Case No. 25-16406) on Oct. 1, 2025, listing between $10 million and $50 million in both assets and liabilities. The petition was signed by Nathan Adams in his capacity as manager of redtCapital Partners, LLC, the Debtor's managing member. Judge Joseph G Rosania Jr. oversees the case. Wadsworth Garber Warner Conrardy, P.C., serves as the Debtor's legal counsel. Indicate Capital REIT, LLC, as lender, is represented by: Robert T. Cosgrove BURNS, WALL AND MUELLER, P.C. 303 E. 17th Avenue, Suite 920 Denver, Colorado 80203 Telephone: (303) 830-7000 Email: rcosgrove@bwsm.com MREM VENTURES: Seeks to Hire Win Win Connections as Accountant -------------------------------------------------------------- MREM Ventures, LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to employ Win Win Connections, LLC as accountant. The firm will assist the Debtor in the preparation of necessary tax returns and reports during course of this Chapter 11 proceeding. Eric Montez, the primary enrolled agent in this representation, will be billed at his hourly rate of $300. The firm requires a retainer of $1,000 from the Debtor. Mr. Montez 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: Eric Montez, EA Win Win Collections, LLC 557 West Peralta Avenue Mesa, AZ 85210 Telephone: (480) 529-0173 Email: erick@winwinconnect.net About MREM Ventures LLC MREM Ventures, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-04709) on May 12, 2026, with $100,001 to $500,000 in both assets and liabilities. Judge Paul Sala presides over the case. Allan Newdelman, Esq., at Allan D. Newdelman, PC represents the Debtor as counsel. MTF CHILDCARE: Gets Extension to Use Cash Collateral ---------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Pennsylvania entered a fifth interim order authorizing MTF Childcare, LLC to use cash collateral. The court authorized the Debtor to use cash collateral through August 31, strictly in accordance with its budget. The U.S. Small Business Administration holds a first lien on most of the Debtor's assets. The SBA will be granted adequate protection from any diminution in the value of its collateral through regular monthly payments. In addition, the SBA and any other creditor with interests in the cash collateral will receive a replacement lien, with the same priority, validity and extent as their pre-petition liens, subject to a carveout for statutory fees owed to the Clerk of the Bankruptcy Court and U.S. Trustee and any avoidance actions and related recoveries. If adequate protection proves insufficient, secured creditors will receive a superpriority administrative expense claim under section 507(b). A further interim hearing is scheduled for August 25. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/6KHXt from PacerMonitor.com. About MTF Childcare LLC MTF Childcare, LLC is a privately held investment holding company that manages strategic investments across real estate, corporate equity, and alternative asset classes. The company is based in Lancaster, Pa., and engages in allocating capital and providing oversight to its portfolio businesses. MTF Childcare LLC and five affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Lead Case No. 26-10243) on January 21, 2026. At the time of the filing, MTF Childcare LLC listed between $500,001 and $1 million in assets and between $1 million and $10 million in liabilities. Judge Patricia M. Mayer oversees the cases. The Debtors are represented by: Albert Anthony Ciardi, III, Esq. Ciardi Ciardi & Astin 1905 Spruce Street Philadelphia, PA 19103 Tel: 215-557-3550 aciardi@ciardilaw.com MTF HOLDINGS: Court Extends Cash Collateral Access to Aug. 31 ------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Pennsylvania entered a fifth interim order authorizing MTF Holdings, LLC and its affiliated debtors to use cash collateral. Under the fifth interim order, the Debtors are authorized to use cash collateral through August 31, strictly in accordance with the budget. The Debtors demonstrated that they lack sufficient unencumbered funds to continue operations without access to the secured lenders' cash collateral. The order permits up to a 10% budget variance without constituting default and authorizes payment of regular monthly adequate protection payments to the U.S. Small Business Administration if reflected in the budget. As adequate protection, the SBA and other secured creditors will be granted replacement liens on post-petition collateral to the same extent, validity, and priority as their pre-petition liens, subject to a carveout. The carveout includes statutory fees owed to the Clerk and U.S. Trustee, as well as avoidance actions and their proceeds. Additionally, secured creditors will receive potential superpriority administrative expense claims under Section 507(b) if the protection provided proves insufficient. A further interim hearing is scheduled for August 25. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/RaBoZ from PacerMonitor.com. About MTF Holdings MTF Holdings, LLC is a privately held investment holding company that manages strategic investments across real estate, corporate equity, and alternative asset classes. The company is based in Lancaster, Pa., and engages in allocating capital and providing oversight to its portfolio businesses. MTF Holdings and five affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Lead Case No. 26-10236) on January 21, 2026. At the time of the filing, MTF Holdings listed between $500,001 and $1 million in assets and between $1 million and $10 million in liabilities. Judge Patricia M. Mayer oversees the cases. The Debtors are represented by: Albert Anthony Ciardi, III, Esq. Ciardi Ciardi & Astin 1905 Spruce Street Philadelphia, PA 19103 Tel: 215-557-3550 aciardi@ciardilaw.com MVP REALTY: Seeks Subchapter V Bankruptcy in New York ----------------------------------------------------- On June 30, 2026, MVP Realty Holdings Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to the court filing, the Debtor reports between $1 million and $10 million in liabilities owed to 1 to 49 creditors. Deadline to file the Subchapter V Balance Sheet is July 7, 2026. The Chapter 11 Subchapter V Plan is due by September 28, 2026. About MVP Realty Holdings Inc. MVP Realty Holdings Inc. is a Brooklyn, New York-based real estate property management and investment firm that operates as a holding company for real estate assets. The company maintains its principal place of business in Port Washington, New York, and has been involved in property-related litigation, including proceedings in Kings County Supreme Court during 2026. MVP Realty Holdings Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-43192) on June 30, 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 Elizabeth S. Stong handles the case. The Debtor is represented by Joshua R. Bronstein, Esq. of The Law Offices of Joshua R. Bronstein & Associates, PLLC. NAVARRO FARMS: July 3 Stalking Horse Bid Submission Deadline Set ---------------------------------------------------------------- On March 20, 2026 NMBL Strategies was appointed as Court-Appointed Receiver of Navarro Farms MO, LLC and Navarro Farms Vandalia, LLC. The Receiver is offering for sale the assets, licenses, and property of the business. The following assets ("Receiver Asset Package") shall be the subject of the auction process. At this time, the Receiver is accepting Stalking Horse bids through July 3, 2026. Assets: (a) One Infused Product Manufacturing Facility Licenses issued by the Missouri Department of Health and Human Services related to Cannabis, specifically License MAN000041 and MAN000073; (b) One Infused Product Cultivation Facility Licenses issued by the Missouri Department of Health and Human Services related to Cannabis, specifically License CUL000007 (c) Physical property inclusive of a 40,000-square foot manufacturing facility featuring a 16,000-square foot canopy located in 401 S. Lincoln St. Vandalia, MO 63382; and (d) Nearly $5MM of equipment and fixtures purchased and utilized in the operation of its business. About the Company: * Approximately 35 full-time employees and 2 full-time contractors * Company has been profitable since the engagement of the receiver More information is available on key clients and other financial information through signing NDA * Several partnership deals are in place with national brands Preferred Timeline of the Receiver * Stalking Horse bids received by July 3, 2026 * Stalking Horse bidder selected by July 10, 2026 * Stalking Horse contract completed by July 24, 2026 * Final bids from all interested parties due by August 7, 2026 * Live auction of top 3 qualified bidders August 12, 2026 (if necessary) Qualified parties interested in learning more may find information including a marketing package and more visit https://www.nmblstrategies.com/change-management-receivership-navarro-farms or email Sean Kim (sean@nmblstrategies.com) or Mateo Flores (mateo@nmblstrategies.com) to receive a non-disclosure agreement for access to data room. Other Information: * Minimum bid of $4,500,000 * Purchasing party may make an offer on all or parts of the estate * One Dispensary License owned by same ownership, but not part of the receivership, may also be available for purchase in conjunction with the above assets listed NEO ZONE: Seeks Approval to Hire Greg K. Stern as Special Counsel ----------------------------------------------------------------- Neo Zone, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Greg K. Stern, PC as special counsel. The firm will render these services: (a) represent the Debtor in connection with investigating and/or filing and pursuing the Causes of Action; and (b) perform all legal services that may be required from time to time related to the Causes of Action. The firm will be compensated at a contingent fee equal to 33 and one-third percent of all sums recovered for the Debtor and the bankruptcy estate related to the Causes of Action prior to any appeal of the Causes of Action. The firm's fee will increase to 40 percent after any appeal to the district court or court of appeals. Greg Stern, 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: Greg K. Stern, Esq. Greg K. Stern, PC 53 West Jackson Blvd., Suite 1442 Chicago, IL 60604 About Neo Zone Inc. Neo Zone, Inc., a company based in Shorewood, Illinois, provides intermodal transportation and logistics services, including container drayage, yard operations, and related freight handling, serving customers in the United States. It operates a fleet of intermodal chassis, trailers, and material-handling equipment supporting port-and terminal-based cargo movements. Neo Zone filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-19703) on December 29, 2025, listing between $1 million and $10 million in assets and liabilities. Judge Deborah L. Thorne presides over the case. David Freydin, Esq., at the Law Offices of David Freydin Ltd. represents the Debtor as counsel. NEXT DAY: Seeks to Tap JGA Tax and Financial Services as Accountant ------------------------------------------------------------------- Next Day Custom Tees, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to employ JGA Tax and Financial Services as accountant. The firm's services include: (a) prepare and file the Debtor's 2025 tax returns; (b) prepare projections and a liquidation analysis in support of the Debtor's proposed Chapter 11 Subchapter V Plan; (c) manage any other documents necessary to maintain the functions of the Debtor; and (d) assist with Monthly Operating Reports. The firm will charge $65 per hour for its services. Alan Codd, a partner at JGA Tax and Financial Services, 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: Alan Codd JGA Tax and Financial Services 536 Cicero Dr. San Antonio, TX 78218 Telephone: (210) 240-8392 Email: codd.alan@gmail.com About Next Day Custom Tees LLC Next Day Custom Tees, LLC is a Texas-based apparel company specializing in custom t-shirt printing and personalized merchandise, serving individual and corporate clients. Next Day Custom Tees sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-50161) on January 23, 2026. In its petition, the Debtor listed between $100,001 and $500,000 in assets and between $500,001 and $1 million in liabilities. Honorable Bankruptcy Judge Craig A. Gargotta handles the case. The Debtor tapped Frances A. Smith, Esq., at Offit Kurman as counsel and JGA Tax and Financial Services as accountant. NICHOLS STRATEGIES: Scott Sackett Named Subchapter V Trustee ------------------------------------------------------------ The U.S. Trustee for Region 17 appointed Scott Sackett as Subchapter V trustee for Nichols Strategies, LLC. Mr. Sacket will be paid an hourly fee of $350 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Seidel declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Scott M. Sackett 4030 S. Land Park Dr., Suite C Sacramento, CA 95822 Phone: (916) 930-9900 Email: scott.sackett@efmt.com About Nichols Strategies LLC Nichols Strategies, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 26-23467) on June 17, 2026, with $0 to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Christopher M. Klein presides over the case. Stephan M. Brown, Esq at The Bankruptcy Group, P.C. represents the Debtor as legal counsel. NORTH TEXAS: Seeks to Hire The Mitchell Law Firm as Legal Counsel ----------------------------------------------------------------- North Texas Fiber, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ The Mitchell Law Firm, LP to handle its Chapter 11 case. The firm's hourly rates are as follows: Gregory Mitchell, Attorney $635 Associates $365 Paralegal $250 Paraprofessionals $165 Legal Assistants $150 In addition, the firm will seek reimbursement for expenses incurred. Mr. Mitchell 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: Gregory W. Mitchell, Esq. The Mitchell Law Firm, LP 1100 W. Campbell Road, Suite 200 Richardson, TX 75080 Telephone: (972) 463-8417 Facsimile: (972) 432-7540 Email: greg@mitchellps.com About North Texas Fiber Inc. North Texas Fiber, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-32522) on June 5, 2026. In its petition, the Debtor disclosed up to $10 million in both assets and liabilities. Honorable Bankruptcy Judge Michelle V. Larson handles the case. The Debtor tapped Gregory W. Mitchell, Esq., at The Mitchell Law Firm, LP as counsel. OBJECT & SUBJECT: Seeks Cash Collateral Access Until Oct. 31 ------------------------------------------------------------ Object & Subject, LLC, doing business as Ascendant Brands, asks the U.S. Bankruptcy Court for the District of Utah for authority to continue using cash collateral through October 31. The Debtor outlines an operational budget designed to maintain business continuity across its portfolio of consumer product brands, which include Alvin Drafting, Choose Friendship, Daverly Way, Fizz, Promptly, and VaporEze. These six entities, previously independent subsidiaries, were consolidated into the Debtor via a pre-bankruptcy merger intended to drastically streamline administrative overhead and avoid the prohibitive expenses of maintaining seven separate reorganization proceedings. The Debtor's commercial operations are heavily reliant on e-commerce, with Amazon sales generating 77% of its 2024 revenue, alongside smaller streams from Shopify stores and wholesale retail distribution. The company's insolvency followed an unsustainable intersection of declining post-pandemic e-commerce revenues—specifically a sharp downturn for its flagship toy product, My Friendship Bracelet Maker—and an escalating interest burden caused by high-rate merchant cash advance loans taken out to support capital expansion between 2022 and 2023. To legally protect its secured lienholders, the Debtor has established an operating structure that strictly segregates financial accounts and costs to ensure zero commingling between separate prepetition collateral pools. Cache Valley Bank holds senior secured status over the former Alvin and Choose Friendship business lines with outstanding balances of roughly $538,000 and $523,000, respectively. Decathlon Alpha V, L.P. holds a first-priority lien on the assets formerly belonging to Ascendant, Daverly, Fizz, Promptly, and VaporEze, alongside a subordinate second-priority lien behind CVB on the Alvin and Choose Friendship assets, totaling an outstanding claim of approximately $2,004,996. A third lender, Clear Finance Technology Corporation, holds nominal liens totaling roughly $63,346, but because the combined liquidation values of the physical collateral fall well short of the senior debts, its claims are legally classified as entirely unsecured under 11 U.S.C. section 506. The Debtor's petition details an additional $2.5 million in general unsecured liabilities, $1.5 million of which consists of insider loans infused directly by management to sustain liquidity before filing. As adequate protection to counterbalance any potential post-petition diminution of collateral value resulting from operations, the Debtor proposes granting automatic, fully-perfected post-petition replacement liens on newly generated cash and assets, which will take effect retroactively to the original September 12, 2025 petition date. The Debtor underscores that the risk to its primary lenders is minimal, as standard day-to-day operations naturally cycle expended cash back into fresh receivables and liquid capital. Financial projections integrated within the final budget indicate that the overall value of CVB's underlying collateral is positioned to increase from $1.134 million at the inception of the case up to $1.4 million by the end of October, while Decathlon's collateral pool is estimated to grow from $560,979 to $579,319 over the same timeframe. The requested cash collateral order includes provisions allowing a ten percent variance on individual line items and permits carrying forward previous operational savings, a framework the Debtor asserts is essential to preserve the enterprise as a going concern and maximize ultimate debt repayment distributions far above Chapter 7 liquidation thresholds. A court hearing is scheduled for July 21. A copy of the motion is available at https://urlcurt.com/u?l=KVOjkJ from PacerMonitor.com. About Object & Subject LLC Object & Subject LLC, doing business as Ascendant Brands, manages consumer product businesses across the U.S., focusing on brand development, product design, packaging, and supply chain operations. The Company specializes in online marketing, particularly on the Amazon marketplace, and works with brand partners and brick-and-mortar retailers to distribute their products. Ascendant Brands partners with businesses generating $500,000 to $5 million in annual revenue, offering acquisition, operational management, or investment collaboration opportunities. Object & Subject LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 25-25418) on Sept. 12, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Peggy Hunt handles the case. The Debtor is represented by George B. Hofmann, Esq., at Cohne Kinghorn, P.C. OLD RICHMOND: Seeks to Tap Forman Watkins & Krutz as Legal Counsel ------------------------------------------------------------------ Old Richmond @ FM 1464 Ltd. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Forman Watkins & Krutz LLP as counsel. The firm will provide counsel, prepare legal documents, comply with bankruptcy-related obligations, appear in court, and seeks the approval of both the court and the U.S. Trustee. K.B. Battaglini, Esq., the primary attorney in this representation, will be paid at his hourly rate of $475. Mr. Battaglini disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: K.B. Battaglini, Esq. Forman Watkins & Krutz LLP 4900 Woodway Drive, Suite 940 Houston, TX 77056 Telephone: (713) 210-4371 Facsimile: (713) 557-9632 Email: kb.battaglini@formanwatkins.com About Old Richmond @ FM 1464 Ltd. Old Richmond @ FM 1464 is a real estate company that owns and manages a commercial property at 18551 Old Richmond Road in Sugar Land, Texas. Old Richmond @ FM 1464, Ltd. filed its voluntary petition for Chapter 11 protection (Bankr. S.D. Tex., Case No. 26-33925) on June 1, 2026, listing $1 million to $10 million in assets and $500,000 to $1 million in liabilities. Michael Banigan, an authorized signatory, signed the petition. K.B. Battaglini, Esq. of Forman Watkins & Krutz LLP serve as the Debtor's legal counsel. ORIGINAL KHAN: Fannie Mae Wants Kimaz as Receiver ------------------------------------------------- Federal National Mortgage Association a/k/a Fannie Mae, filed an emergency, agreed motion with the U.S. District Court for the Western District of Texas, Austin Division, seeking the appointment of Jacqueline Elizabeth Kimaz as receiver for Original Khan Properties LLC. Fannie Mae requested the emergency relief because the Borrower has terminated the prior property manager, and the Mortgaged Property is currently without competent management. Fannie Mae is the owner and holder of the Borrower's Note and Deed of Trust. Fannie Mae is a government-sponsored enterprise and a federally chartered entity that Congress created to enhance the nation's housing-finance market. Under its federal statutory charter, Fannie Mae has a public mission to provide liquidity, stability, and affordability to the U.S. housing market, including the quality market, affordable rental housing. Original Khan Properties LLC owns a multi-family apartment complex commonly known as the Tex Villas and located at 1105 Westwood Lane, Giddings, Texas 78942, that serves as collateral for a loan of $2,450,000.00 owed by Borrower to Fannie Mae. The parties have agreed that Fannie Mae should be granted a receiver to oversee the Mortgaged Property with full power and authority to oversee the management of and conservation of the Mortgaged Property. Fannie Mae's Motion is supported by the Declaration of Trent DiNardo. On August 17, 2023, the Borrower executed A Multifamily Loan and Security Agreement and a Multifamily Note payable to the order of Greystone Servicing Company LLC, a Delaware limited liability company, in the original amount of $2,450,000.00, pursuant to which Borrower agreed to and became obligated. As security for the obligations under the Note, Greystone and Borrower executed a Multifamily Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated August 17, 2023 executed by Borrower for the benefit of Greystone recorded as Instrument #2023-02712 in the Official Public Records of Lee County, Texas, as subsequently amended by a Scrivener's Affidavit executed by Shannon M. Nichols to correct a typographical error in the name of Greystone, recorded as Instrument #2023-02981 in the Records. The Deed of Trust covers the real and personal property commonly known as the Tex Villas and located at 1105 Westwood Lane, Giddings, Texas 78942. Shariq Khan and Andrea Khan guaranteed certain obligations regarding the Loan pursuant to a Guaranty of Non-Recourse Obligations dated August 17, 2023, executed by Guarantors for the benefit of Greystone. Fannie Mae is the assignee of the Loan Documents by way of, without limitation, an Assignment of Multifamily Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated August 17, 2023, and recorded as Instrument #2023-02713 in the records. On August 1, 2024, Borrower and All County Capital Property Management, LLC entered into a Property Management Agreement governing the operation and management of the Mortgaged Property. Fannie Mae is the assignee of the Property Management Agreement. The Loan is serviced by Greystone. Fannie Mae is the current owner and holder of the Note and Deed of Trust. Borrower has failed to comply with its obligations under the Loan Documents by: -- failing to timely pay all amounts due and owing under the Loan Documents; -- causing the creation of a lien against the Mortgaged Property (recorded in Lee County, Texas); and -- unauthorized termination of Property Manager. Borrower has ceased debt service payments for the Loan and has not made a monthly debt service payment since April 2026. Borrower's failure to make the required payments constitutes an automatic Event of Default of the Loan Agreement. Fannie Mae has accelerated the Loan. By way of written correspondence dated May 29, 2026, Fannie Mae notified Borrower and Guarantors of the Events of Default and that the Loan had been accelerated. All amounts are now fully due and payable under the Note. Furthermore, Borrower has caused the creation of a lien against the Mortgaged Property (recorded in Lee County, Texas), which constitutes an Event of Default under the Loan Documents. On April 9, 2026, one lien that has been created against the Mortgaged Property and recorded in Lee County, Texas, was filed by Infinity Water Restoration under Document No. 2026-01158, amounting to $26,441.89. The lien constitutes an automatic Event of Default under the Loan Agreement for "the occurrence of any Transfer not permitted by the Loan Documents." The Loan Agreement defines "Transfer" to include "a granting, pledging, creating or attachment of a lien, encumbrance or security interest (whether voluntary, involuntary, or by operation of law)." Furthermore, Borrower has violated the covenants of the Loan Agreement, which prohibit the creation of liens or the Transfer of the Mortgaged Property. Borrower has notified Servicer that it has terminated its Property Manager. Borrower's unauthorized termination of Property Manager violates the Loan Agreement and the Assignment of Management Agreement. Furthermore, the unauthorized termination of Property Manager violates the covenants contained in the Assignment of Management Agreement. On April 20 and April 22, 2026, Borrower contacted Servicer by email and requested that a receiver be appointed over the Mortgaged Property due to the lack of third-party property management, mounting unpaid utilities for essential services -- the disruption of which would result in immediate habitability issues for tenants of the Mortgaged Property -- and Borrower's insolvency. A receiver is necessary to: - Ensure continuity of essential utility services (water, sewer, electric); – Protect tenant health, safety, and habitability; - Maintain compliance with regulatory oversight, including the Texas Commission on Environmental Quality (TCEQ) for water and wastewater operations; and – Administer rents and available funds strictly for essential operating expenses. To avoid service disruption, Servicer advanced approximately $3,974.63 on May 5, 2026, and $8,643.83 on May 6, 2026, to various utility providers to pay outstanding utility bills, including electricity, trash collection, sewer compliance, and water services. Borrower has consented to the appointment of a receiver under the Deed of Trust and affirmatively requests the appointment of a receiver to enable the Mortgaged Property to be transitioned to Fannie Mae as soon as possible and to promptly transition management of the Mortgaged Property from the Borrowers to a new property manager to protect and preserve Fannie Mae's collateral. Congress chartered Fannie Mae to facilitate the nationwide secondary residential mortgage market. The Housing and Economic Recovery Act of 2008 (HERA) established the Federal Housing Finance Agency (FHFA or Conservator) as Fannie Mae's primary regulator. On September 6, 2008, pursuant to HERA, the Director of FHFA placed Fannie Mae into conservatorship, where it remains to this day. As Conservator, FHFA succeeded to all of Fannie Mae's rights, titles, powers, privileges, and assets. FHFA, as The Conservator, is statutorily empowered to preserve and conserve Fannie Mae's assets and property, to operate Fannie Mae, to perform all of Fannie Mae's functions in Fannie Mae's name, and to collect all obligations and money due to Fannie Mae. Congress also mandated that no court may take any action to restrain or affect the exercise of powers or functions as a conservator. FHFA supports the appointment of a receiver on the terms outlined in the proposed Order accompanying Fannie Mae’s receivership request. However, FHFA reserved its rights as to any other or different terms for the appointment of a receiver that have not been approved by FHFA in advance. HERA provides that no property of Conservator shall be subject to levy, attachment, garnishment, foreclosure, or sale without the consent of Conservator, nor shall any involuntary lien attach to the property of Conservator. Therefore, federal law prohibits any action by a third-party that affects Fannie Mae's interest in the loan agreement, note, or deed of trust owned by Fannie Mae or under which Fannie Mae is beneficiary. Appointment of a receiver on an expedited basis is necessary to preserve the Mortgaged Property and the value of the collateral and ensure continuity for the parties and the tenants. About Original Khan Properties LLC Original Khan Properties LLC owns a multi-family apartment complex commonly known as the Tex Villas and located at 1105 Westwood Lane, Giddings, Texas 78942. Original Khan is facing a receivership case captioned as Federal National Mortgage Association v. Original Khan Properties LLC, Case No. 1:26-cv-01695 (W.D. Tex.), before the Hon. Andrew B. Davis. The case was filed on June 23, 2026. Fannie Mae alleges that Original Khan has defaulted on its obligations under the note, mortgage and other loan documents evidencing and/or securing a $2,450,000.00 loan, originally provided on August 17, 2023, by Greystone Servicing Company LLC. Counsel for Fannie Mae: Keith M. Aurzada, Esq. Jay L. Krystinik, Esq. REED SMITH LLP 2850 N. Harwood St., Ste. 1500 Dallas, TX 75201 Tel: (469) 680-4200 Fax: (469) 680-4299 E-mail: kaurzada@reedsmith.com jkrystinik@reedsmith.com PANCAKES R US: Initiates Chapter 11 Bankruptcy in California ------------------------------------------------------------ Kathakali Nandi of edhat Santa Barbara reports that Southern California breakfast chain Pancakes R Us has commenced Chapter 11 bankruptcy proceedings in the Central District of California, seeking to reorganize its finances while remaining in business. The company filed its voluntary petition on June 29, 2026, reporting estimated assets of $50,001 to $100,000, estimated liabilities of $100,001 to $500,000, and between one and 49 creditors. The Pomona-based restaurant operator stated that it expects funds will be available for unsecured creditors and confirmed it has not been involved in any bankruptcy cases during the past eight years. The petition was executed by owner and president Abdullah Akbar, while Michael Jay Berger serves as bankruptcy counsel for the company. Bankruptcy filing list $193,810 in total liabilities and approximately $51,331 in personal property, including $7,480 in cash maintained in three Chase Bank savings accounts. The company's largest unsecured creditor is Vitco Food, which holds a $20,000 claim. Additional obligations include vendor debt, a $9,000 credit card balance, and unpaid wages owed to two employees. About Pancakes R Us Pancakes R Us is a full-service breakfast restaurant chain specializing in pancakes, waffles, crepes, omelets, and other breakfast favorites. The company also offers gluten-free, vegan, and multigrain menu options and operates restaurants in Pomona, Montclair, Costa Mesa, and Rancho Palos Verdes. Pancakes R Us sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-16493) on June 29, 2026. In its petition, the Debtor reports estimated assets of $50,001 to $100,000, estimated liabilities of $100,001 to $500,000. Honorable Bankruptcy Judge Neil W. Bason handles the case. The Debtor is represented by Michael Jay Berger, Esq. PAP-R PRODUCTS: Updates SouthStar Post-Petition Secured Claim Pay ----------------------------------------------------------------- Pap-R Products Company submitted an Amended Disclosure Statement in connection with Plan of Reorganization dated June 23, 2026. The Debtor's Plan proposes the reorganization of the Debtor's business operations. Scott Ware will continue to manage Debtor as President and will be the sole voting shareholder of the Reorganized Debtor after the Effective Date. The Debtor believes that Mr. Ware is able to carry out the terms of the Plan and to ensure that Debtor continues to be recognized as the product leader in its industry. During the Plan the Bankruptcy Court will retain jurisdiction over all of Debtor's affairs and all legal actions commenced and to be commenced regarding Debtor. Debtor will continue to be governed in accordance with the provisions of the Bankruptcy Code as a Delaware corporation. Mr. Ware will receive the same salary after Confirmation as he received prior to the Petition Date: $180,000 plus standard benefits. In consideration of the Equity Contribution to the Reorganized Debtor on the Effective Date, Mr. Ware will receive 51% of the equity of the Reorganized Debtor. The remaining 49% of the Reorganized Debtor's equity will be distributed to the Creditor's Trust on the Effective Date. Mr. Ware will have the opportunity to purchase the remaining 49% equity interests in Reorganized Debtor from the Creditor's Trust by causing the Reorganized Debtor to make the payments set forth in the Plan to the Class 5 Unsecured Creditors. The Class 6 Claim is the Claim held by SouthStar in the approximate amount of $167,000. Debtor intends to continue to pay SouthStar in the ordinary course of business and to assume the SouthStar Loan Documents. SouthStar is not impaired under the plan. The SouthStar claim and liens shall be governed by the SouthStar Intercreditor Agreement. Like in the prior iteration of the Plan, each Holder of an Allowed Unsecured Claim in Class 5 will receive, in full, final and complete settlement, satisfaction and discharge of, and in exchange for, such Allowed Unsecured Claim, on the later of (i) the Effective Date or (ii) the date on which such Claim becomes an Allowed Claim, or as soon as practicable thereafter, its Pro Rata share of the following payments: (a) $25,000 payment on the Effective Date from the Equity Contribution made by Scott Ware; (b) 48 monthly payments from the Reorganized Debtor of $7,500 starting on the sixth month anniversary date of the Effective Date; (c) the Annual Profit Payment up to the maximum of its Allowed Claim, with no interest. If an Unsecured Creditor's Claim is a Disputed Claim on the Effective Date, sufficient cash will be reserved by the Creditor's Trust to pay the Creditor holding such Disputed Unsecured Claim its Pro Rata share of the proceeds available for distribution pending resolution of the dispute, and each such Unsecured Claim will be paid as soon as practicable after it becomes an Allowed Unsecured Claim. In addition to the payments, the Reorganized Debtor will distribute 49% of the Post-Confirmation Equity Interest in the Reorganized Debtor to the Creditor's Trust on the Effective Date. All payments under the Plan will be funded from Debtor's operations other than the Equity Contribution. Payments due Class 1 (Priority Claims), Class 2 (FNB Claim), Class 3 (Advantage Claim), and Class 6 (SouthStar) will be made directly to the applicable Creditor each month. There are no payments to Class 4 (SBA Claim). The payments to Class 5 Unsecured Creditors will be paid into the Creditor's Trust along with the Reorganized Debtor distributing 49% of the Post-Confirmation Equity Interest to the Creditor's Trust on the Effective Date. The Reorganized Debtor's excess income, from every source, will be used to fund the Plan. Based upon Debtor's historical level of income and expense, and its historical and expected growth rate, Debtor projects that it will have sufficient income from operations over the next five years to fully fund the payments under the Plan. The center piece of the Plan is the Creditor's Trust, which will hold 49% of the Post-Confirmation Equity Interest in trust for the benefit of Creditors, and will collect the payments due from Debtor for distribution to Class 5 Creditors. Under the Plan, Debtor's initial distribution will be $25,000 to the Creditor's Trust established under the Plan for the benefit of Class 5 Creditors on the Effective Date. The source of these funds will be the Equity Contribution made by Scott Ware on the Effective Date. The Creditor's Trust shall also receive 48 monthly payments from the Reorganized Debtor in the amounts of $7,500 starting on the sixth month anniversary date of the Effective Date. In addition to the monthly payments, the Creditor's Trust shall receive 49% of Debtor's annual profits to be paid to the Creditor's Trust on the annual anniversary date of the Effective Date starting on the second annual anniversary date of the Effective Date for a period of four years a/k/a the Annual Profit Payment. A full-text copy of the Amended Disclosure Statement dated June 23, 2026 is available at https://urlcurt.com/u?l=UdFptG from PacerMonitor.com at no charge. Pap-R Products Company is represented by: Larry E. Parres, Esq. Lewis Rice LLC 600 Washington Ave., Suite 2500 St. Louis, MO 63101 Telephone: (314) 444-7600 Facsimile: (314) 612-7660 Email: lparres@lewisrice.com About Pap-R Products Company Founded in 1947, PAP-R Products specializes in a wide range of coin and currency wrapping solutions. The Company's product lineup includes flat coin wrappers, automatic coin rolls, currency bands, and specialized wraps for items such as napkins and canceled checks. All products are crafted from high-quality Kraft paper and adhere to ABA standards when applicable. The company also offers custom imprinting services for most products, excluding basic bill bands and storage boxes. Pap-R Products Company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ill. Case No. 25-60040) on March 3, 2025, listing up to $50 million in both assets and liabilities. The petition was signed by Kenneth Scott Ware as president. Larry E. Parres, at Lewis Rice LLC, serves as the Debtor's counsel. PAST & PRESENT: Unsecureds Will Get 3% of Claims over 36 Months --------------------------------------------------------------- Past & Present Towing & Recovery, Inc. filed with the U.S. Bankruptcy Court for the District of Maryland a Subchapter V Plan dated June 23, 2026. Steven Palmer, president and owner, purchased the company just over two years ago, and a year later he was diagnosed with severe regurgitation with his aortic valve, which necessitated an open heart surgery. Mr. Palmer's attention was focused solely on my health from March 2025, until around October 2025, when he returned full-time. During that time, business decreased tragically ultimately causing this bankruptcy filing. Class 6 consists of Unsecured Claims. The allowed unsecured claims total $455,405.57. This Class will receive a distribution of 3% of their allowed claims. This Class shall be paid from disposable income. Class 6 is impaired. Monthly income derived from the company's receivables will fund the semi-annual payment to the unsecured creditors. The value of the property to be distributed under the Plan during the term of the Plan is not less than the Debtor's projected disposable income for that same period. Unsecured creditors holding allowed claims will receive distributions, which the Debtor has valued at approximately $0.03 cents on the dollar. The Plan also provides for the payment of secured, administrative, and priority claims in accordance with the Bankruptcy Code. The term of this Plan begins on the date of confirmation of this Plan and ends on the 36th month subsequent to the Effective Date. The Debtor's disposable income will support the plan, and no other funds are available. A full-text copy of the Subchapter V Plan dated June 23, 2026 is available at https://urlcurt.com/u?l=UdbOkO from PacerMonitor.com at no charge. Counsel to the Debtor: Daniel A. Staeven, Esq. Frost & Associates, LLC 839 Bestgate Road Suite 400 Annapolis, MD 21401 Telephone: (410) 705-7791 Facsimile: (888) 235-8405 E-mail: daniel.staeven@frosttaxlaw.com About Past & Present Towing & Recovery Past & Present Towing & Recovery, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 26-13144) on March 25, 2026, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Michelle M. Harner presides over the case. Daniel Alan Staeven, Esq., at Frost & Associates, LLC represents the Debtor as legal counsel. PAWLUS DENTAL: Dental Practice Asset Sale to West Haven Dental OK'd ------------------------------------------------------------------- The U.S Bankruptcy Court for the Southern District of Indiana, Indianapolis Division, has granted Pawlus Dental Inc. to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor owns and operates a dental practice located at 4001 W Goeller Boulevard, Suite C, Columbus, Indiana 47201. The Debtor wishes to sell most of it's assets used or held for use in the conduct of the Practice other than the Excluded Assets. The Sale Assets include certain equipment, supplies, patient records, and general intangibles including goodwill. The Debtor has agreed to sell the Assets to West Haven Dental LLC, which is owned by Austin Smith, D.M.D. for $350,000. The Court has authorized the Debtor to sell the Assets to West Haven Dental. All terms of the Sale and Purchase agreement are approved. At the closing, the Sale Proceeds shall be distributed as follows: i. Financial Pacific Leasing Inc. - $110,000; ii. Allman Kight Hester LLC - $35,000; and iii. Balance to German American Bank. The Purchaser will collect the Debtor's accounts receivable for a period of sixty days post-closing. About Pawlus Dental Pawlus Dental, Inc. provides comprehensive dental services in Columbus, Ind., focusing on preserving natural teeth and enhancing mile aesthetics. The practice offers treatments including dental implants, sleep apnea management, clear aligners, periodontal and cosmetic care, preventive and restorative dentistry, wisdom teeth extraction, root canal therapy, and sedation dentistry. Pawlus Dental sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 25-02780) on May 14, 2025, listing $890,156 in total assets and $1,119,328 in total liabilities. John G. Pawlus, president and owner of Pawlus Dental, signed the petition. Judge James M. Carr oversees the case. John Allman, at Hester Baker Krebs, LLC, is the Debtor's bankruptcy counsel. German American Bank, as lender, is represented by Bruce A. Smith, Esq.. and Rhonda S. Miller, Esq., at Smith & Miller, LLP, in Bargersville, Indiana. PERFORMERS EDGE: Case Summary & 10 Unsecured Creditors ------------------------------------------------------ Debtor: Performers Edge LLC 201 W. Carmel Drive, Suite 500 Carmel, IN 46032 Business Description: Performer's Edge Dance Studio provides dance education, group dance classes, and private lessons in Carmel, Indiana. The studio offers instruction across dance formats including ballet, tap, jazz, contemporary, hip hop, combo classes, and programs for young dancers. The company has provided dance education in Carmel since 1993. Chapter 11 Petition Date: June 29, 2026 Court: United States Bankruptcy Court Southern District of Indiana Case No.: 26-04157 Judge: Hon. James M Carr Debtor's Counsel: Harley K. Means, Esq. KROGER, GARDIS & REGAS, LLP 111 Monument Circle Suite 900, Indianapolis, IN 46204 Tel: 317-692-9000 Fax: 317-264-6832 Total Assets: $236,300 Total Liabilities: $1,091,544 The petition was signed by Jaime Long as member. A full-text copy of the petition, which includes a list of the Debtor's 10 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/NZRRMEA/Performers_Edge_LLC__insbke-26-04157__0001.0.pdf?mcid=tGE4TAMA PHARMA-NATURAL INC: Lender Seeks to Prohibit Cash Collateral Access ------------------------------------------------------------------- PNC Bank, National Association asks the U.S. Bankruptcy Court for the Southern District of Florida to prohibit Pharma-Natural Inc. from using its cash collateral. PNC asserts that it holds a first-priority, properly perfected security interest in the Debtor's assets—including deposit accounts, cash, and cash equivalents—subject only to a purchase money security interest held by SeaCoast Bank on a specific piece of equipment. The underlying debt stems from seven distinct promissory notes executed by the Debtor with an aggregate original principal amount exceeding $5.5 million. As of the Debtor's May 20 petition date, the outstanding principal balance owed to PNC totaled $4.1 million, a sum that continues to increase as post-petition interest, costs, fees, and legal expenses accrue. PNC's request was triggered by communication with the Debtor and its proposed restructuring advisor, John Hillyer, which led the bank to believe Pharma-Natural has been spending encumbered cash to fund operations in direct violation of the Bankruptcy Code. PNC highlights that Pharma-Natural has neither sought the bank's consent nor requested formal authorization from the court, leaving the lender's interest entirely unprotected. While acknowledging that cash is the operational lifeblood of a reorganizing business, PNC contends that a Debtor must offer a solid evidentiary basis to back its financial projections, which Pharma-Natural has failed to do. Furthermore, PNC challenges the financial viability of the estate and the validity of the Debtor's reported asset valuations. In its recent bankruptcy schedules filed on June 16, Pharma-Natural reported an equity cushion; however, PNC argues this cushion is an unreliable metric because it is tied up in un-depreciated office technology, raw ingredients, and manufacturing machinery. The bank notes that the practical value of these physical assets is heavily compromised because the Debtor's landlords are currently pursuing eviction actions. If forced to undergo disassembly and relocation, the fair market value of the equipment would likely collapse. Additionally, PNC points to the Debtor's own emergency motion to defer its rent payments for 60 days as clear evidence that ongoing cash flows are wholly insufficient to cover basic operating costs. A court hearing is scheduled for July 8. A copy of the motion is available at https://urlcurt.com/u?l=en0bSf from PacerMonitor.com. About Pharma-Natural Inc. Pharma Natural is a Miami Lakes, Florida- based manufacturer of nutraceutical and over-the-counter body- management products. Founded in 2002, the company produces Pharma Natural-branded products and provides private-label and white-label manufacturing programs. Its operations include product manufacturing, packaging, quality control and testing, formulation assessment, raw-material sourcing, warehousing, and shipping logistics for dietary supplement and nutrition-related products. Pharma-Natural Inc. in Southern District of Florida, filed its voluntary petition for Chapter 11 protection (Bankr. S.D. Fla. Case No. 26-16578) on May 20, 2026, listing $50,000 in assets and $1 million to $10 million in liabilities. The petition was signed by Carolina Ferreiro as president. Judge Hon. Corali Lopez-Castro oversees the case. Joel Aresty, Esq. of JOEL M. ARESTY PA serve as the Debtor's legal counsel. PNC Bank, National Association, as lender, is represented by: Shane G. Ramsey, Esq. NELSON MULLINS RILEY & SCARBOROUGH, LLP 1222 Demonbreun Street, Suite 1700 Nashville, TN 37203 Telephone: (615) 664-5355 Facsimile: (615) 664-5399 shane.ramsey@nelsonmullins.com PNW PIZZA: Claims to be Paid from Asset Sale Proceeds ----------------------------------------------------- PNW Pizza Inc. filed with the U.S. Bankruptcy Court for the Western District of Washington a Plan of Reorganization dated June 23, 2026. The Debtor began operating as a Zeek's Pizza franchise from August 15, 2018 through January 31, 2026. At that time, the franchise agreement was terminated and the Debtor opened as Mikey's Public House and Frog Bar. As the business transitioned and in an effort to reposition the business with a stronger identity and broader revenue potential, the business temporarily closed to undergo renovations, operational adjustments, and marketing changes. Upon closing for the transition and re-opening under the new concept, the Debtor experienced a greater drop in revenue than expected. The Debtor took on high interest merchant cash advances in order to finance the transition, believing that sales upon reopening would be sufficient to meet the monthly obligations. The payments on the high interest loans quickly became difficult to maintain and the Debtor was severely limited in its cash flow. Unfortunately, it became impossible to operate without additional loans to fund operating expenses while still maintaining the high payments to the lenders. Facing mounting collection pressure, a Petition under Chapter 11, Subchapter V was filed on April 27, 2026 in an effort to reorganize the outstanding debt and to allow the Debtor to continue operating. The Debtor is operating its business and managing its affairs as a debtor-in-possession under Section 1184 of the Bankruptcy Code. Michael Goronkin served as manager of the Debtor prior to the Petition Date and is providing services to the Debtor until a potential sale of assets is final and closed. This Plan provides for Unclassified Administrative Claims, Unclassified Priority Claims, one Class of Secured Claims, and One Class of Unsecured Claims, and One Class of Equity Security Holders. Class 2 consists of General Unsecured Claims. No funds will be available for distribution to Class 2 Claims. This Class is impaired. The Plan will be funded with the net proceeds from the sale of assets to S&P Enterprise, LLC ("Buyer") for the sum of $170,000.00 pursuant to the terms of a Purchase and Sale Agreement and Addendum 1 ("Agreement"). Debtor anticipates closing costs in the amount of approximately $20,000.00. The Buyer is a third-party purchaser unrelated to the Debtor and is not an "insider" or "affiliate" of the Debtor (as each such term is defined in the Bankruptcy Code). The Debtor has demonstrated sound business justifications with respect to the Sale and the sale is a reasonable exercise of the Debtor's business judgment to execute, deliver, and consummate the Agreement and the transactions contemplated thereby. A full-text copy of the Plan of Reorganization dated June 23, 2026 is available at https://urlcurt.com/u?l=acp8A2 from PacerMonitor.com at no charge. Counsel to the Debtor: Jennifer L. Neeleman, Esq. Neeleman Law Group, P.C. 1403 8th Street Marysville, WA 98270 Tel: (425) 212-4800 E-mail: jennifer@neelemanlaw.com About PNW Pizza Inc PNW Pizza Inc. began operating as a Zeek's Pizza franchise from Aug. 15, 2018 through Jan. 31, 2026. The Debtor sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wash. Case No. 26-41221) on April 27, 2026, listing up to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Mary Jo Heston presides over the case. Thomas D. Neeleman, at Neeleman Law Group PC, serves as the Debtor's counsel. PREMIUM EDGE: U.S. Trustee Appoints Terri Cantrell as PCO --------------------------------------------------------- Guy A. Van Baalen, the Acting U.S. Trustee for Region 21, appointed Terri Cantrell as patient care ombudsman for Premium Edge, LLC. The appointment was made pursuant to the order from the U.S. Bankruptcy Court for the Middle District of Florida on June 8. In accordance with Section 333(b), the Patient Care Ombudsman shall: * monitor the quality of patient care provided to patients of the debtor, to the extent necessary under the circumstances, including interviewing patients and physicians; * not later than 60 days after the date of this appointment, and not less frequently than at 60-day intervals thereafter, report to the Court after notice to the parties in interest, at a hearing or in writing, regarding the quality of patient care provided to patients of the debtor; and * if such ombudsman determines that the quality of patient care provided to patients of the debtor is declining significantly or is otherwise being materially compromised, file with the Court a motion or a written report, with notice to the parties in interest immediately upon making such determination. To the best of her knowledge, Ms. Cantrell 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: Terri Cantrell, State Ombudsman Long-Term Care Ombudsman Program Florida Department of Elder Affairs 4040 Esplanade Way Tallahassee, Florida 32399 (850) 414-2331 About Premium Edge LLC Premium Edge, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 6:26-bk-04017-TPG) on May 29, 2026. In the petition signed by Adriana Dall'Armellina, manager, the Debtor disclosed up to $100 million in assets and up to $50 million in liabilities. Judge Tiffany P. Geyer oversees the case. Michael L. Schuster, Esq., at Polsinelli PC, represents the Debtor as legal counsel. PROGRESS TELECOMM: Gets Final OK to Use Cash Collateral ------------------------------------------------------- Progress Telecomm NC, LLC received final approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina, Raleigh Division, to use cash collateral. The court authorized the Debtor to use cash collateral for necessary and reasonable operating expenses in accordance with the approved budget. Individual budget line items may exceed approved amounts by up to 10% without prior approval, while larger variances require written authorization from Family Funding Group LLC, the Bankruptcy Administrator, and the Subchapter V Trustee. Beginning July 25, the Debtor must circulate a proposed monthly budget for review, with objections due by the first day of each month or the budget will be deemed approved. As adequate protection, Family Funding Group LLC, an MCA lender asserting a lien on the Debtor's accounts and receivables, will receive automatically perfected post-petition replacement liens on the same collateral securing its pre-petition claims, with the same validity and priority. The order preserves all parties' rights to seek additional cash collateral authority or litigate lien issues. The order remains effective until modified, terminated, replaced by a subsequent cash collateral order, or upon default. Defaults include violating the order, unauthorized use of cash collateral, failure to maintain insurance, appointment of a trustee or examiner, or conversion of the case to Chapter 7. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/TB88p from PacerMonitor.com. About Progress Telecomm NC LLC Progress Telecomm NC, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-02162) on May 13, 2026, with $500,001 to $1 million in assets and liabilities. Judge Joseph N. Callaway presides over the case. Laurie Biggs, Esq. at Biggs Law Firm PLLC represents the Debtor as legal counsel. PUERTO RICO: Oversight Board Proposes $3B Bond Deal --------------------------------------------------- Emlyn Cameron of Law360 Bankruptcy Authority reports that the Financial Oversight and Management Board for Puerto Rico has presented a $3 billion settlement to bondholders of the Puerto Rico Electric Power Authority as part of its effort to wrap up the utility's bankruptcy case after years of negotiations and litigation. The proposal calls for bondholders to receive cash and new bonds secured by a recovery charge, resolving disputes over PREPA's outstanding debt and replacing earlier restructuring proposals that failed to gain sufficient support. The board said the settlement reflects a negotiated compromise among key stakeholders, the report relays. The oversight board urged the bankruptcy court to approve the settlement, contending that it offers the most practical path toward PREPA's emergence from Title III proceedings. The agreement would also eliminate significant litigation risks while advancing Puerto Rico's broader fiscal recovery, according to Law360. About the Commonwealth of Puerto Rico; Puerto Rico Electric Power Authority (PREPA) PREPA is a self-governing commonwealth in association with the United States. The chief of state is the President of the United States of America. The head of government is an elected Governor. There are two legislative chambers: the House of Representatives, 51 seats, and the Senate, 27 seats. The governor-elect is Ricardo Antonio Rossello Nevares, the son of former governor Pedro Rossello. In 2016, the U.S. Congress passed PROMESA, which, among other things, created the Financial Oversight and Management Board and imposed an automatic stay on creditor lawsuits against the government, which expired May 1, 2017. The members of the oversight board are: (i) Andrew G. Biggs, (ii) Jose B. Carrion III, (iii) Carlos M. Garcia, (iv) Arthur J. Gonzalez, (v) Jose R. Gonzalez, (vi) Ana. J. Matosantos, and (vii) David A. Skeel Jr. On May 3, 2017, the Commonwealth of Puerto Rico filed a petition for relief under Title III of the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). The case is pending in the United States District Court for the District of Puerto Rico under case number 17-cv-01578. A copy of Puerto Rico PROMESA petition is available at http://bankrupt.com/misc/1701578-00001.pdf On May 5, 2017, the Puerto Rico Sales Tax Financing Corporation (COFINA) commenced a case under Title III of PROMESA (D.P.R. Case No. 17-01599). Joint administration has been sought for the Title III cases. On May 21, 2017, two more agencies; Employees Retirement System of the Government of the Commonwealth of Puerto Rico and Puerto Rico Highways and Transportation Authority (Case Nos. 17-01685 and 17-01686) commenced Title III cases. U.S. Chief Justice John Roberts named U.S. District Judge Laura Taylor Swain to preside over the Title III cases. The Oversight Board has hired as advisors, Proskauer Rose LLP and Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic consultant, Citigroup Global Markets as municipal investment banker, and Ernst & Young, as financial advisor. Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M. Abelson, Esq., of Proskauer Rose LLP; and Hermann D. Bauer, Esq., at O'Neill & Borges LLC are onboard as attorneys. Prime Clerk LLC is the claims and noticing agent. Prime Clerk maintains the case Web site https://cases.primeclerk.com/puertorico Jones Day is serving as counsel to certain ERS bondholders. Paul Weiss is counsel to the Ad Hoc Group of Puerto Rico General Obligation Bondholders. QUANTUM CORP: FY2026 Loss Narrows to $101MM; Going Concern Resolved ------------------------------------------------------------------- Quantum Corporation has filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the fiscal year ended March 31, 2026. Based on the financial statements, the Company generated negative cash flows from operations of approximately $37.9 million and $23.6 million for the fiscal years ended March 31, 2026 and 2025, respectively, and generated net losses of approximately $101.0 million and $115.1 million for the fiscal years ended March 31, 2026 and 2025, respectively. Total revenues for the year ended March 31, 2026, was $279.58 million compared to $274.06 million in the prior period. The Company has funded operations through the sale of common stock and term debt borrowings... Management believes that it has the ability to obtain additional debt or equity financing, if required, and has historically been able to do so. Management also believes that current working capital will provide the Company with sufficient capital to fund operations for at the next 12 months. As previously disclosed, the Company identified that there was substantial doubt about the Company's ability to continue as a going concern. This was due to the requirement to repay the Term Loans on August 5, 2026. Subsequent to March 31, 2026, the Company completed several transactions which resulted in the repayment of the Term Loans and removed the substantial doubt. On June 1, 2026, the Company entered into Securities Purchase Agreements to issue and sell to certain accredited investors an aggregate of 10,615,712 shares of the Company's common stock. After deducting placement agent fees and other offering expenses payable by the Company, the Company received net proceeds of $94.7 million. On June 4, 2026, the Company paid an aggregate of $57.8 million in connection with the termination of the Term Loan Credit Agreement. This fully paid down and extinguished the Company's Term Loans. Also on June 4, 2026, the Company provided a notice to YA II PN, Ltd. regarding its termination of the Standby Equity Purchase Agreement, effective June 11, 2026. There were no amounts owed to YA under the SEPA at the time the termination notice was provided. With the cash proceeds, after repayment of the Term Loans, the Company forecasts that operating performance, cash and current working capital will provide sufficient capital to fund operations for at least one year from the financial statement issuance date. As of March 31, 2026, the Company had $156.89 million in total assets, $355.75 million in total liabilities, and $198.86 million in total stockholders' equity. A full text copy of the Company's Form 10-K is available at https://tinyurl.com/mravj6v4 About Quantum Corporation Quantum -- www.quantum.com -- delivers end-to-end data management solutions designed for the AI era. With over four decades of experience, our data platform has allowed customers to extract the maximum value from their unique, unstructured data. From high-performance ingest that powers AI applications and demanding data-intensive workloads, to massive, durable data lakes to fuel AI models, Quantum delivers the most comprehensive and cost-efficient solutions. Leading organizations in life sciences, government, media and entertainment, research, and industrial technology trust Quantum with their most valuable asset - their data. * * * This concludes the Troubled Company Reporter's coverage of Quantum Corp until facts and circumstances, if any, emerge that demonstrate financial or operational strain or difficulty at a level sufficient to warrant renewed coverage. RAS DATA: Seeks Approval to Hire Hearne & Associates as Accountant ------------------------------------------------------------------ RAS Data Services, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Hearne & Associates, PC as accountant. The firm to assist the Debtor with the preparation of its 2025 federal and state corporate income tax returns. The firm will be paid at a fixed fee of $6,250 for its services. Additional services beyond the fixed fee will be paid at these hourly rates: Phillip Hearne, CPA $265 Matthew Truschka, Manager $184.80 Clerical Staff $110 Mr. Hearne 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: Phillip M. Hearne, CPA Hearne & Associates, PC 19250 Everett Lane, Suite 200 Mokena, IL 60448 About RAS Data Services Inc. RAS Data Services Inc. provides railcar management services across the United States, integrating mechanical and accounting functions with internet-based applications and 24/7 support to optimize maintenance costs and fleet utilization. Founded in 2002, the Company manages approximately 500,000 railcars for shippers, operating lessors, utilities and short-line railroads. RAS Data Services Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-11837) on Aug. 1, 2025. In its petition, the Debtor estimated assets and liabilities between $10 million and $50 million each. Bankruptcy Judge Michael B. Slade handles the case. The Debtor tapped Adam P. Silverman, Esq., at Adelman & Gettleman Ltd. as counsel and Hearne & Associates, PC as accountant. RAZIF MANAGEMENT: Gets Interim OK to Use Cash Collateral -------------------------------------------------------- Razif Management, Inc. received interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral through July 17 in accordance with its operating budget. The Debtor is also authorized to use funds held in a Chase Bank account without restrictions, allowing the Debtor to fund business operations during its bankruptcy case. The interim order preserves all rights of secured creditors with respect to the cash collateral. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/sNpmF from PacerMonitor.com. A further hearing is scheduled for July 14. Razif Management has outstanding loans with multiple secured lenders, including BayFirst, Fundbox, FundPro, Legends Advance Funding, Lendistry SBLC, and OnDeck, all of which allegedly hold security interests in the cash collateral. Fundbox initiated post-judgment collection actions pre-petition that resulted in a hold being placed on the Debtor's Chase bank account. The Debtor reported that it has over $400,000 in funds tied up in that account and requires access to those funds to meet ongoing business obligations. About Razif Management Inc. Razif Management Inc., a Melrose Park, Illinois-based general contractor, provides residential interior remodeling services in the Chicago area. The Company specializes in construction and renovation projects for homeowners, with a focus on countertops, bathrooms and kitchens. Razif Management Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-14280) on September 17, 2025. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Timothy A. Barnes handles the case. The Debtor is represented by Saulius Modestas, Esq., at Modestas Law Offices, P.C. READY ROOFING: Seeks to Tap William G. Haeberle CPA as Accountant ----------------------------------------------------------------- Ready Roofing, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ William G. Haeberle, CPA as accountant. The firm will timely complete the monthly operating reports. The firm will be paid at these rates: William G. Haeberle, CPA $300 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The firm received a $5,000 retainer pre-petition to cover all past due tax returns. Mr. Haeberle, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: William G. Haeberle, CPA William G Haeberle CPA LLC 4446-1A, Suite 245 Jacksonville, FL 32207 Tel: (904) 245-1304 About Ready Roofing LLC Ready Roofing, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02480) on June 1, 2026. In the petition signed by Jim Jessup, authorized representative, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Bryan K. Mickler, Esq., at the Law Offices of Mickler & Mickler, LLP, represents the Debtor as bankruptcy counsel. Aaron Cohen, Esq., a practicing attorney in Jacksonville, Fla., serves as Subchapter V trustee for the Debtor. RELEASE WELL-BEING: Can Assume Prepetition Consumer Liabilities --------------------------------------------------------------- Judge Elizabeth D. Katz of the U.S. Bankruptcy Court for the District of Massachusetts granted Release Well-Being Center, Inc.'s motion to assume pre-petition consumer liabilities with various individuals. Proceeds from the sale of postpetition gift cards must be segregated and maintained in a separate account until the time of gift card redemption. Upon redemption, the proceeds from the sale of the redeemed gift card may be transferred to the operating account. A further hearing on the terms of this order is set for July 23. About Release Well-Being Center Release Well-Being Center, Inc. operates a wellness center in Westborough, Massachusetts, offering spa, fitness, yoga, meditation, private training, wellness coaching, therapeutic massage, skin care, Reiki, and body composition analysis services. The center also hosts private events, corporate events, and workshops. Its facilities include spa rooms, yoga and fitness spaces, locker rooms, steam and salt therapy areas, a red light sauna, an outdoor mineral spa, a garden, and outdoor fitness areas. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-40730) on June 18, 2026, with $2,536,000 in assets and $6,821,535 in liabilities. The petition was signed by Linda Townsend as president. Judge Elizabeth D. Katz oversees the case. Michael B. Feinman, Esq., at Feinman Law Office, represents the Debtor as bankruptcy counsel. RELEASE WELL-BEING: Gets Court OK to Pay Prepetition Wages ---------------------------------------------------------- Judge Elizabeth D. Katz of the United States Bankruptcy Court for the District of Massachusetts authorized Release Well-Being Center, Inc. to pay pre-petition wages and salaries. The Debtor is ordered to provide a list of employees and amount of the wages paid to the United States Trustee. About Release Well-Being Center Release Well-Being Center, Inc. operates a wellness center in Westborough, Massachusetts, offering spa, fitness, yoga, meditation, private training, wellness coaching, therapeutic massage, skin care, Reiki, and body composition analysis services. The center also hosts private events, corporate events, and workshops. Its facilities include spa rooms, yoga and fitness spaces, locker rooms, steam and salt therapy areas, a red light sauna, an outdoor mineral spa, a garden, and outdoor fitness areas. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-40730) on June 18, 2026, with $2,536,000 in assets and $6,821,535 in liabilities. The petition was signed by Linda Townsend as president. Judge Elizabeth D. Katz oversees the case. Michael B. Feinman, Esq., at Feinman Law Office, represents the Debtor as bankruptcy counsel. RELIABLE MOVERS: Seeks to Hire Neeleman Law Group as Legal Counsel ------------------------------------------------------------------ Reliable Movers, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to hire Neeleman Law Group, P.C. as legal counsel. The firm's services include: a. assisting the Debtors in the investigation of the financial affairs of the estate; b. providing legal advice and assistance to the Debtors with respect to matters relating to this case and creditor distribution; c. preparing all pleadings necessary for proceedings arising under this case; and d. performing all necessary legal services for the estate in relation to this case. The firm will be paid at these rates: Principals $600 per hour Associate $475 per hour Paralegal $250 per hour The firm received a retainer in the amount of $1,738. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Neeleman Law Group, P.C. is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code, according to court filings. The firm can be reached at: Jennifer L. Neeleman, Esq. Neeleman Law Group, P.C. 1403 8th Street Marysville, WA 98270 Telephone: (425) 212-4800 Facsimile: (425) 212-4802 E-mail: jennifer@neelemanlaw.com About Reliable Movers, LLC Reliable Movers, LLC provides moving and relocation services. The company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 26-11489) on May 4, 2026. In its petition, the debtor reported estimated assets ranging from $0 to $100,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Christopher M. Alston handles the case. The debtor is represented by Thomas D. Neeleman of Neeleman Law Group PC. RHODIUM ENCORE: Seeks Chapter 11 Patent Claim Sanctions ------------------------------------------------------- Rick Archer of Law360 Bankruptcy Authority reports that Rhodium Encore LLC has asked a Texas bankruptcy court to impose sanctions against Midas Green Technologies, claiming the cooling technology firm's patent infringement allegations cost the bankrupt cryptocurrency miner more than $6 million in unnecessary legal fees. The Chapter 11 debtor argued that Midas pursued claims that lacked merit and continued litigating even after it became clear the patent dispute could not succeed. Rhodium said the litigation diverted substantial resources from the restructuring process and diminished the value of the bankruptcy estate, the report cites. The company is seeking reimbursement of its legal expenses and other appropriate sanctions, contending that Midas' conduct unnecessarily prolonged the litigation and burdened creditors. The bankruptcy court has yet to rule on the sanctions request, according to Law360. About Rhodium Encore Rhodium Encore LLC is a founder-led, Texas based, digital asset technology company utilizing proprietary tech to self-mine bitcoin. The Company creates innovative technologies with the goal of being the most sustainable and cost-efficient producer of bitcoin in the industry. Rhodium Encore sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 24-90448) on Aug. 24, 2024. In the petition filed by Michael Robinson, as co-CRO, the Debtor estimated assets between $100 million and $500 million and estimated liabilities between $50 million and $100 million. The Honorable Bankruptcy Judge Alfredo R. Perez oversees the case. The Debtor tapped QUINN EMANUEL URQUHART & SULLIVAN, LLP, as counsel, and PROVINCE as restructuring advisor. RL EASTPOINT: Secured Party Sets July 31, 2026 Public Auction ------------------------------------------------------------- For default in payment of a debt and performance of obligations owed by RL Eastpoint LLC ("Borrower") PFP VII SUB XI, LLC ("Secured Party"), pursuant to Section 9-610 of the Uniform Commercial Code, at 10:00 a.m. (prevailing Eastern Time), on July 31, 2026, at the top of the front steps of the New York County Supreme Court 60 Centre Street, New York, New York 10007, and via remote means accessible via Zoom (Link: https://hilcoglobal.zoom.us/j/93358128222?pwd=YBXzTlUnvjPkFZG2swzaHVusp4Ppug.1, Meeting ID Number: 933 5812 8222, Passcode: 258725), and Secured Party shall sell at public auction to the highest qualified bidder for cash the interest of RL Eastpoint Blocker LLC ("Pledgor") in the following collateral, defined below or some portion thereof (the "Collateral"): All of Pledgor’s right, title, and interest in the equity ownership interests in the Borrower, which is the owner of certain real property and personal property, including that certain real property, and improvements thereon, located at 6085 Parkland Blvd., Mayfield Heights, Ohio 44124, as more fully described in that certain Pledge and Security Agreement dated as of August 1, 2025 (the "Pledge Agreement") made by Pledgor in favor of Secured Party as follows (collectively, the "Collateral"): (a) its one hundred percent (100%) limited liability company interests in Owner, together with the certificate (in a form attached to the Pledge Agreement as Exhibit A and made a part thereof) evidencing the same (the "Pledged Interests"); (b) all ownership interests, limited liability company interests, shares, securities, moneys, instruments or property representing a dividend, a distribution or return of capital upon or in respect of the Pledged Interests, or otherwise received in exchange therefore, and any warrants, rights or options issued to the holders of, or otherwise in respect of, the Pledged Interests; (c) all rights of Pledgor under the Relevant Documents (as defined in the Pledge Agreement) or any other agreement or instrument relating to the Pledged Interests, including, without limitation, (i) all rights of Pledgor to receive moneys or distributions with respect to the Pledged Interests due and to become due under or pursuant to the Relevant Documents, (ii) all rights of Pledgor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Pledged Interests, (iii) all claims of Pledgor for damages arising out of or for breach of or default under a Relevant Document, and (iv) any right of Pledgor to perform thereunder and to compel performance and otherwise exercise all rights and remedies thereunder; and (d) all proceeds of and to any of the property of Pledgor described in clauses (a) through (c) above and, to the extent related to any property described in said clauses or such proceeds, all books, correspondence, credit files, records, invoices and other papers. All parties seeking to submit a bid at the sale must deliver a deposit at least two (2) business days prior to the sale by delivering to Hilco Real Estate, LLC, as escrow agent, a wire, bank, certified check, or money order (no endorsed checks or endorsed money orders will be accepted) in an amount equal to at least ten percent (10%) of the proposed bid amount. No cash will be accepted. All funds must be exhibited to the auctioneer prior to the commencement of bidding. Unless proper funds have been verified, you will not be permitted to bid. The balance of the successful bid is payable at closing, which shall be held within ten (10) days of the auction date, time being of the essence. For wire instructions, you must contact the undersigned. Secured Party reserves the right to reject all bids and terminate or adjourn the sale to another time or place or effectuate a private sale instead of a public sale, without further publication, and further reserves the right to bid for the Collateral at the sale and to credit bid by applying some or all of its secured debt to the purchase price. For further information you may contact Jonathan Cuticelli, Hilco Global; Tel.: (203) 561-8737; jcuticelli@hilcoglobal.com; or Bradley Gardner, Polsinelli PC, 900 W. 48th Place, Ste. 900, Kansas City, MO 64112; Tel.: (816) 360-4385; Fax: (816) 753-1536; bgardner@polsinelli.com. THIS NOTICE DOES NOT CONSTITUTE AN OFFER TO SELL, NOR THE SOLICITATION OF AN OFFER TO BUY, THE COLLATERAL TO OR FROM ANYONE IN ANY JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION IS NOT AUTHORIZED. ROBERT CHEVROLET: Taps Gellert Seitz Busenkell as Legal Counsel --------------------------------------------------------------- Robert Chevrolet GMC Inc. d/b/a Thomasville Chevrolet GMC seeks approval from the U.S. Bankruptcy Court for the District of Delaware to hire Gellert Seitz Busenkell & Brown, LLC as its bankruptcy counsel. The firm's services include: (a) providing the Debtors with advice and preparing all necessary documents regarding debt restructuring, bankruptcy and asset dispositions; (b) taking all necessary actions to protect and preserve the Debtors' estates during the pendency of these chapter 11 cases, including the prosecution of actions by the Debtors, the defense of actions commenced against the Debtors, negotiations concerning litigation in which the Debtors are involved and objecting to claims filed against the estates; (c) preparing on behalf of the Debtors, as debtors-in-possession, all necessary motions, applications, answers, orders, reports and papers in connection with the administration of these chapter 11 cases; (d) counseling the Debtors with regard to its rights and obligations as debtors-in-possession; (e) appearing in Court and to protect the interests of the Debtors before the Court; and (f) performing all other legal services for the Debtors which may be necessary and proper in this proceeding. The firm will be paid at these rates: Ronald S. Gellert $550 per hour Associates/Of Counsel $375 to $500 per hour Paraprofessionals $180 to $275 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The firm received from the Debtor a retainer of $75,000. Ronald Gellert, Esq., a partner of Gellert Seitz Busenkell & Brown, LLC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Ronald S. Gellert, Esq. Gellert Seitz Busenkell & Brown, LLC 1201 N. Orange Street, Suite 300 Wilmington, DE 19801 Tel: (302) 425-5812 Email: rgellert@gsbblaw.com About Robert Chevrolet GMC Inc. d/b/a Thomasville Chevrolet GMC Robert Chevrolet GMC Inc. d/b/a Thomasville Chevrolet GMC is a Delaware corporation whose sole shareholder, Motors Holding LC, holds 34,620 preferred shares and 8,000 common shares of the Debtor, representing 100% of the Debtor's share capital. Robert Chevrolet GMC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Dela. Case No. 26-10830-KBO) on May 22, 2026. Judge Karen B. Owens presides over the case. Ronald S. Gellert at Gellert Seitz Busenkell & Brown, LLC, represents the Debtor as legal counsel. ROBERT CHEVROLET: Taps J.S. Held LLC to Provide Professionals ------------------------------------------------------------- Robert Chevrolet GMC Inc. d/b/a Thomasville Chevrolet GMC seeks approval from the U.S. Bankruptcy Court for the District of Delaware to hire J.S. Held LLC to provide additional personnel. JSH Professionals will provide these restructuring support services: a) evaluate the Dealership capital structure and provide guidance on best ways to stabilize issues around its ongoing debt; b) evaluate with counsel the debt structure, including claims asserted by Merchant Cash Advance (MCA) parties that may purport to have a secured interest in Dealership assets; c) evaluate options for maximizing the Debtor’s assets, including a bankruptcy sale, refinancing or other bankruptcy reorganization plan; d) prepare the dealership for the sale process and, lead a sale marketing process for the Dealership, or its assets; e) assist counsel in the bankruptcy proceedings; f) provide expert testimony in the bankruptcy process; g) assist management and counsel with external constituents; h) provide advice to Dealer management; i) review pleadings, prepare and update the Debtor’s budget; j) review and prepare monthly operating reports; and, k) other duties as mutually agreed. JSH Professionals' customary hourly billing rates: Senior Managing Directors $550 to $1,600 Senior Advisors $450 to $900 Managing Directors $475 to $775 Senior Directors $450 to $675 Directors & Associate Directors $395 to $575 Vice Presidents & Sr. Associates $325 to $525 Consultants & Sr. Consultants $225 to $425 Analysts/Associates $195 to $425 Administrative Staff & Paralegals $125 to $325 J.S. Held LLC is a "disinterested person" within the meaning of Sections 327(a) and 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Mark Karbiner J.S. Held LLC 610 E Baltimore Pike 2nd Floor, Suite 200 Media, PA 19063 Phone: (610) 389-5769 Email: mark.karbiner@jsheld.com About Robert Chevrolet GMC Inc. d/b/a Thomasville Chevrolet GMC Robert Chevrolet GMC Inc. d/b/a Thomasville Chevrolet GMC is a Delaware corporation whose sole shareholder, Motors Holding LC, holds 34,620 preferred shares and 8,000 common shares of the Debtor, representing 100% of the Debtor's share capital. Robert Chevrolet GMC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Dela. Case No. 26-10830-KBO) on May 22, 2026. Judge Karen B. Owens presides over the case. Ronald S. Gellert at Gellert Seitz Busenkell & Brown, LLC, represents the Debtor as legal counsel. ROCKY MOUNTAIN: Interim CEO Resigns, Remains on Board ----------------------------------------------------- Rocky Mountain Chocolate Factory, Inc. announced in a regulatory filing that Jeffrey R. Geygan resigned as interim CEO of the Company, effective June 26, 2026. Mr. Geygan will remain as a member of the Board. About Rocky Mountain Chocolate Factory Durango, Colo.-based Rocky Mountain Chocolate Factory, Inc. is an international franchisor, confectionery producer, and retail operator. Founded in 1981, the Company produces an extensive line of premium chocolate candies and other confectionery products. As of February 28, 2026, the Company had $20.2 million in total assets, $15 million in total liabilities, and $5.2 million in total stockholders' equity. Los Angeles, California-based CohnReznick LLP, the Company's auditor since 2023, issued a "going concern" qualification in its report dated May 29, 2026, attached to the Company's Annual Report on Form 10-K for the year ended February 28, 2026, citing that the Company has incurred recurring losses and negative cash flows from operations in recent years and is dependent on debt and equity financing to fund its operations, all of which raise substantial doubt about the Company's ability to continue as a going concern. ROLLING GREENS: Taps Weintraub Zolkin Talerico & Selth as Counsel ----------------------------------------------------------------- Rolling Greens Nursery, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Weintraub Zolkin Talerico & Selth LLP as counsel. The firm will render these services: (a) advice concerning the Debtor's rights, powers, and duties; (b) advice concerning all general administrative matters in the bankruptcy case and dealings with the Office of the United States Trustee; (c) represent the Debtor at all hearings before the United States Bankruptcy Court involving it in its capacity as debtor-in-possession and as reorganized debtor, as applicable, unless it is represented in that proceeding or hearing by other/special counsel; (d) prepare all necessary legal papers; (e) advise the Debtor regarding matters of bankruptcy law; (f) represent the Debtor with regard to all contested matters; (g) represent the Debtor in any litigation commenced by, or against it, provided that such litigation is within the firm's expertise and subject to a further engagement agreement with it on terms acceptable to it and the firm; (h) represent the Debtor with regard to the negotiation, preparation and implementation of one or more plans of reorganization; (i) analyze any secured, priority, or general unsecured claims that have been filed in the bankruptcy case; (j) negotiate the Debtor's secured and unsecured creditors regarding the amount and payment of claims; (k) object claims as may be appropriate; and (l) perform all other legal services for the Debtor in its capacities as may be necessary. The firm will be paid at these hourly rates: David Zolkin, Partner $700 Derrick Talerico, Partner $700 Paige Rolfe, Associate $310 Martha Araki, Paralegal $310 Sachie Fritz, Practice Assistant $185 In addition, the firm will seek reimbursement for expenses incurred. The firm received a total retainer of $100,000 from the Debtor. Mr. Zolkin disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: David B. Zolkin, Esq. Weintraub Zolkin Talerico & Selth LLP 11766 Wilshire Blvd., Suite 730 Los Angeles, CA 90025 Telephone: (424) 500-8551 Email: dzolkin@wztlfirm.com About Rolling Greens Nursery Inc. Rolling Greens Nursery, Inc. is a Commerce, California-based retail nursery and lifestyle company specializing in plants, home decor, and landscape design services. Rolling Greens Nursery filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-14978) on May 20, 2026, with assets of between $1 million and $10 million and liabilities of between $10 million and $50 million. Laurie Resnick, co-chief executive officer and director, signed the petition. Judge Neil W. Bason oversees the case. The Debtor tapped David B. Zoklin, Esq., at Weintraub Zolkin Talerico & Selth LLP as counsel and Keegan Linscott & Associates, PC as financial advisor. RTB DIGITAL: Director James Comer Discloses 31.7% Stake ------------------------------------------------------- James Lamar Walton Comer, disclosed in a Schedule 13D filed with the U.S. Securities and Exchange Commission that as of May 12, 2026, he beneficially owns 4,504,276 shares of Common Stock consisting of: (i) 53,048 shares held directly by Media Innovation Fund I LLC, of which he is controlling member, (ii) 3,727,937 shares held directly by Comer Trading, LLC, of which he is controlling member, (iii) 698,978 shares issuable to Comer Trading, LLC upon exercise of warrants exercisable within 60 days, and (iv) 24,313 shares issuable to Comer Trading, LLC upon exercise of stock options exercisable within 60 days, all with sole voting and sole dispositive power -- of RTB Digital, Inc's Common Stock, par value $0.001 per share, representing 31.7% of the outstanding shares, calculated based on: (i) 13,473,757 shares of Common Stock outstanding, as reported by the Issuer to the Reporting Person, plus (ii) 723,291 shares of Common Stock underlying stock options and/or warrants held by the Reporting Person that are exercisable within 60 days, deemed outstanding pursuant to SEC Rule 13d-3(d)(1)(i). James Lamar Walton Comer may be reached through: James Comer RTB Digital, Inc. 3111 Camino Del Rio North Suite 400 San Diego, CA 92108 Tel: 855-201-1613 A full-text copy of James Lamar Walton Comer's SEC report is available at https://tinyurl.com/mrzyfkn6 About RTB Digital, Inc. RTB Digital, Inc., formerly Ryvyl Inc., operates an enterprise digital media SaaS platform, doing business as Roundtable, that enables media brands to distribute, monetize and manage audience communities through AI, Web3 publishing infrastructure and related payment and reporting tools. The company is based in San Diego, California. Independent auditor Simon & Edward, LLP included a going-concern language in its report dated April 15, 2026, stating that the Company has suffered recurring losses from operations and has experienced significant liquidity constraints following the discontinuation of its QuickCard operations and the sale of its European subsidiary, Ryvyl EU. These factors, alongside expectations of continued operating losses, raise substantial doubt about the company's ability to continue as a going concern. As of March 31, 2026, the company reported total assets of $9.9 million, total liabilities of $10.87 million and stockholders' deficit of $972,000. RURAL CONNECT: Taps David L. Hudson and William Edwards as Counsel ------------------------------------------------------------------ Rural Connect, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Tennessee to employ to employ an additional attorney to assist and direct the recovery of funds and other losses sustained by former counsel's activities in a prior representation, and for cause would show to the Court. The Debtor has selected David L. Hudson, Jr., and William Edwards as attorneys to initiate and assist in litigation against the Debtor's former attorney. The counsel will render these services: (a) legal services against the debtor's former attorney based on legal malpractice and breach of fiduciary duties; (b) preparing and filing on behalf of debtor necessary pleadings; (c) conducting any adversary hearings and/or trials before the Court; and (d) representing the debtor only in this special matter and subject to a written Contract of Employment. The counsels will receive a general retainer fee of $25,000 and a contingency fee amounting to 10% of any monies recovered. As disclosed in the court filings, Mr. Hudson and Mr. Edwards are "disinterested persons" within the meaning of Sec. 104 of the U.S. Bankruptcy Code. The counsels can be reached through: David L. Hudson, Jr., Esq. Belmont University Law School 1915 15th Avenue North Baskin Bldg., #340 Nashville, TN 37204 Phone: (615) 429-2883 - and - William T. Edwards, Esq. 5009 Meta Drive Nashville, TN 37211 Phone: (615) 476-8027 About Rural Connect, LLC Rural Connect, LLC provides wireless broadband internet services to residential and business customers in rural areas of West Tennessee, using fixed wireless technology that connects customer premises equipment to local transmission towers. The company operates from Alamo, Tennessee and focuses on delivering internet connectivity in communities with limited access to traditional cable or fiber networks. Rural Connect, LLC in Alamo, TN, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. W.D. Tenn. Case No. 26-10328) on March 5, 2026, listing $1,919,876 in assets and $2,237,385 in liabilities. Leslie Williams as manager, signed the petition. Judge Jimmy L Croom oversees the case. STRAWN LAW FIRM serve as the Debtor's legal counsel. RUSSELLVILLE DENTAL: Hires Harlin Parker as Bankruptcy Counsel -------------------------------------------------------------- Russellville Dental Lab LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Kentucky to hire Harlin Parker, Attorneys at Law, as counsel. The firm will provide these services: a. give legal advice with respect to the Debtor's powers and duties as debtor in possession in the continued operation of the estate's business and management of its assets; b. take all necessary action to protect and preserve the Debtor's estate; c. prepare on behalf of the Debtor all necessary motions, answers, orders, reports, and other legal papers in connection with the administration of the Debtor's estate herein; and d. perform any and all other legal services for the Debtor in connection with the Chapter 11 case and the formulation implementation of the Debtor's Chapter 11 Plan. The firm will be paid at its standard hourly rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Chaudoin disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Robert C. Chaudoin, Esq. Harlin Parker Attorneys at Law 519 E. 10th Street P.O. Box 390 Bowling Green, KY 42102 Tel: (270) 842-5611 Email: chaudoin@harlinparker.com About Russellville Dental Lab LLC Russellville Dental Lab, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Ky. Case No. 26-10553) on June 15, 2026, with $500,001 to $1 million in assets and $1 million to $10 million in liabilities. Judge Joan A. Lloyd presides over the case. Robert C. Chaudoin, Esq., represents the Debtor as legal counsel. S & S MASONRY: Seeks to Tap Thomas R. Willson as Bankruptcy Counsel ------------------------------------------------------------------- S & S Masonry, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Louisiana to employ Thomas R. Willson, Esq., an attorney practicing in Alexandria, La., as counsel. The firm's services include: (a) give the Debtor legal advice with respect to its power and duties in the continued operation of its business and management of property; and (b) perform all legal services for the Debtor which may be necessary herein. Mr. Willson disclosed in a court filing that he is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The attorney can be reached at: Thomas R. Willson, Esq. 1330 Jackson Street, Suite C Alexandria, LA 71301 Telephone: (318) 442-8658 Facsimile: (318) 442-9637 Email: rocky@rockywillsonlaw.com About S & S Masonry Inc. S & S Masonry Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. La. Case No. 26-80409) on June 15, 2026, with $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. Judge Stephen D. Wheelis presides over the case. Thomas R. Willson, Esq., at Rocky Willson represents the Debtor as legal counsel. S2 ENERGY: Seeks to Hire Landwehr Law Firm as Bankruptcy Counsel ---------------------------------------------------------------- S2 Energy Operating, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to employ Landwehr Law Firm, LLC as counsel. (a) advise the Debtors with respect to confirmation of their plans, rights, powers and duties; (b) pursue confirmation of a plan of reorganization and/or liquidation, approval of a disclosure statement, and/or sale of the Debtors' assets pursuant to section 363 of the Bankruptcy Code; (c) prepare on behalf of the Debtors all necessary legal documents, and review all financial and other reports to be filed to confirm the Plan and make distributions to creditors; (d) advise the Debtors concerning and prepare responses to legal documents which may be filed by other parties herein; (e) appear in Court to protect the interests of Debtors before this Court; (f) investigate and advise the Debtors concerning, and take 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 their estates; (g) advise and assist the Debtors in connection with any potential property dispositions; (h) advise the Debtors concerning executory contract and unexpired lease assumptions, assignments and rejections and lease restructuring, and recharacterizations; (i) assist the Debtors in reviewing, estimating and resolving claims asserted against their estates; (j) commence and conduct litigation necessary and appropriate to assert rights held by Debtors, protect assets of their Chapter 11 estates or otherwise further the goal of completing their successful reorganization and/or liquidation; and (k) perform all other legal services for Debtors which may be necessary and proper in this case. The firm's counsel and staff will be billed at these hourly rates: Darryl Landwehr $475 Associates $425 Paralegals $125 In addition, the firm will seek reimbursement for expenses incurred. Mr. Landwehr 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: Darryl T. Landwehr, Esq. Landwehr Law Firm, LLC 4034 7th St. NE Columbia Heights, MN 55421 Telephone: (763) 781-7898 About S2 Energy Operating LLC S2 Energy Operating LLC is engaged in the acquisition, exploitation and development of creative business ventures within the shallow waters of the Gulf of Mexico and onshore south Louisiana. S2 Energy Operating, LLC, along with affiliates Krewe Energy, LLC, S2 Energy 1, LP, and Krewe-TBay, LLC, sought Chapter 11 bankruptcy protection (Bankr. E.D. La. Lead Case No. 23-10066) on Jan. 17, 2023. In the petition filed by Barry R. Salsbury, manager, S2 Energy Operating reported assets and liabilities between $1 million and $10 million. Judge Meredith S. Grabill oversees the case. The Debtors are represented by Darryl T. Landwehr, Esq., at Landwehr Law Firm, LLC. SANDY HOOK: Seeks to Hire Adam I. Skolnik as Bankruptcy Counsel --------------------------------------------------------------- Sandy Hook Investments, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ the Law Office of Adam I. Skolnik, PA as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties and in its relationships with its creditors, committees, the Office of the United States Trustee and other interested parties; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements, the requirements of the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, applicable bankruptcy rules; (c) assist the Debtor with the investigation and pursuit of property of the estate, sale of some or all of its assets, if needed; (d) assist Debtor in the formulation and dissemination and approval of a disclosure statement and plan; (e) prepare and review legal documents necessary in the administration of the case; (f) protect the interest of the Debtor in all matters pending before the court; (g) represent the Debtor in negotiation with its creditors in the preparation of a plan; (h) perform all other necessary functions as attorney for the proper administration of the bankruptcy estate. The firm will be paid at these hourly rates: Adam Skolnik, Attorney $575 Paralegals $205 In addition, the firm will seek reimbursement for expenses incurred. The firm received $8,250 as retainer and $1,738 for filing fee from the Debtor. Mr. Skolnik 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: Adam I. Skolnik, Esq. Law Office of Adam I. Skolnik, PA 1761 West Hillsboro Boulevard, Suite 201 Deerfield Beach, FL 33442 Telephone: (561) 265-1120 Facsimile: (561) 265-1828 Email: askolnik@skolniklawpa.com About Sandy Hook Investments LLC Sandy Hook Investments, LLC operates as a real estate investment and property holding company in Florida. Sandy Hook Investments sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-15777) on May 4, 2026. In its petition, the Debtor disclosed up to $10 million in assets and up to $1 million in liabilities. Judge Scott M. Grossman oversees the case. Adam I. Skolnik, Esq., represents the Debtor as counsel. SEABREEZE ROOFING: Seeks Chapter 11 Bankruptcy for 2nd Time ----------------------------------------------------------- On June 26, 2026, Seabreeze Roofing & Sheet Metal, Incorporated filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Florida. According to the court filing, the Debtor reports between $1 million and $10 million in liabilities owed to between 50 and 99 creditors. A meeting of creditors under Section 341(a) to be Held on July 30, 2026 at 10:00 AM by TELEPHONE. The deadline for governmental units to file proofs of claim is December 23, 2026. About Seabreeze Roofing & Sheet Metal, Incorporated Seabreeze Roofing & Sheet Metal, Incorporated is a Lantana, Florida-based roofing and sheet metal contractor serving residential and commercial customers throughout Palm Beach and North Broward counties. The company maintains active professional licenses for roofing, general contracting, and solar services. Seabreeze Roofing & Sheet Metal, Incorporated sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-18450) on June 26, 2026. In its petition, the Debtor reports estimated assets of $100,000 to $500,000 and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Erik P. Kimball handles the case. The Debtor is represented by John E. Page, Esq. of Shraiberg Page, P.A. Linda Marie Leali appointed as Subchapter V Trustee. SEARLES VALLEY: Seeks to Hire Stretto as Claims and Noticing Agent ------------------------------------------------------------------ Searles Valley Minerals Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Stretto, Inc. as claims and noticing agent. Stretto will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. Prior to the petition date, the Debtor provided Stretto an advance in the amount of $15,000. Sheryl Betance, a senior managing director at Stretto, 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: Sheryl Betance Stretto, Inc. 410 Exchange, Ste. 100 Irvine, CA 92602 Telephone: (714) 716-1872 Email: sheryl.betance@stretto.com About Searles Valley Minerals Searles Valley Minerals operates mining and processing facilities that produce a variety of mineral products for industrial, agricultural, and commercial customers. Its portfolio includes soda ash, boron-based products, sodium sulfate, and other specialty minerals derived from California's Searles Lake. Searles Valley Minerals and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10966) on June 15, 2026. In its petition, Searles Valley Minerals disclosed between $100 million and $500 million in both assets and liabilities. Honorable Bankruptcy Judge Brendan Linehan Shannon handles the case. The Debtors tapped Laura Davis Jones, Esq., at Pachulski, Stang, Ziehl & Jones LLP as counsel and Stretto, Inc. as claims and noticing agent. SHILO INN: Court OKs Bend Property Sale to F&S Hotel for $9.5MM --------------------------------------------------------------- The U.S. Bankruptcy Court for the Western District of Washington has granted Kathryn Ellis, the Chapter 7 Trustee of Shilo Inn Bend LLC, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 3105 O.B. Riley Road, Bend, Deschutes County, Oregon, 97703. On May 4, 2026, the Trustee entered into a Commercial Real Estate Sale Agreement with F&S Hotel Acquisitions to purchase the Property in the sum of $9,500,000. The Court has authorized the Debtor to sell the Property to F&S Hotel Acquisitions. The Trustee has articulated good and justifiable reasons for approving the Bid Procedures set forth in the Sale Motion and the Bid Procedures are reasonable and appropriate and represent the best available method for maximizing value for the benefit of the estate. The Bid Procedures were negotiated at arm's length, in good faith, and without collusion. The Bid Procedures balance the estate's interest in liquidating the Bend Property, while preserving the opportunity to attract value-maximizing proposals beneficial to this estate, its creditors, and other parties in interest. The Sale Notice was reasonably calculated to provide notice of the Bid Procedures to the creditors and all parties interested in making an offer for the Bend Property. Neither the Buyer nor the Back-Up Buyer is an "insider" or otherwise an "affiliate" of the Debtor. The Buyer is not a successor to the Debtor or its estate by reason of any theory of law or equity, and the Buyer shall not assume or in any way be responsible for any liability or obligation of the Debtor or its estate by reason. The Buyer is purchasing the Property "as is, where is," without representation or warranty of any type by the Trustee whatsoever, in good faith and is a good faith buyer. The Purchase and Sale Agreement represents a fair and reasonable offer to purchase the Property under the circumstances of Chapter 7 Case. About Shilo Inn, Bend, and Shilo Inn, Warrenton Shilo Inn, an independently owned and operated hospitality company with locations in seven western states and Texas, operate Shilo Inn, Bend, LLC and Shilo Inn, Warrenton, LLC in Oregon. On August 13, 2021, the companies contemporaneously filed voluntary Chapter 11 petitions with the U.S. Bankruptcy Court for the Western District of Washington. The cases are jointly administered under Shilo Inn, Bend, LLC's case (Bankr. W.D. Lead Case No. 21-41340). Judge Mary Jo Heston presides over the cases. On the petition date, Shilo Inn, Bend estimated $10 million to $50 million in both assets and liabilities while Shilo Inn, Warrenton estimated $1 million to $10 million in both assets and liabilities. The petitions were signed by Mark Hemstreet as secretary of Shilo Bend Corp., the Debtors' manager. Levene, Neale, Bender, Yoo & Brill, LLP and Stoel Rives, LLP serve as the Debtors' general bankruptcy counsel and local counsel, respectively. SHORT PAR 4: Hires Greenfield Accounting LLC as Accountant ---------------------------------------------------------- Short Par 4, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Greenfield Accounting LLC as accountant. The firm's services include: (a) preparation and recording of all journal entries necessary to accurately reflect the financial activity of the period, including but not limited to adjusting entries, accruals, deferrals, reclassifications, depreciation and amortization, prepaids, and any other entries required to conform with the applicable basis of accounting; (b) reconciliation of relevant balance sheet accounts, including bank and credit card accounts, accounts receivable, accounts payable, intercompany balances, and other material accounts, with investigation and resolution of material reconciling differences; (c) performance of month-end close procedures, including review of the general ledger for completeness and accuracy, posting of final entries, and closing of the accounting period to prevent further modification without authorization; (d) preparation and delivery of monthly financial statements, including a balance sheet, income statement, and statement of cash flows (or such other reports as mutually agreed upon), for management's review; and (e) such other financial accounting services as may be reasonably requested by the Debtor and agreed by Greenfield. The Debtor agreed to compensate Greenfield a flat monthly amount of $3,750 for the Services. Additionally, the Debtor paid Greenfield a one-time fee of $6,000, which was paid pre-petition. These payments shall be included in the monthly operating reports. Greenfield is disinterested as such term is defined by Sec. 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Jacob Shoults Greenfield Accounting LLC 4635 Tonkaview Ln Mound, MN 55364 Email: jacobshoults@gmail.com About Short Par 4 LLC Short Par 4, LLC is a Florida corporation founded in 2014 by Robert DiMeo and Martin Haas. Based in leased space in Bradenton, Florida, the company operates a membership-based golf subscription service that provides services including curated monthly deliveries of golf lifestyle apparel and related products to customers nationwide. Under its model, clothing and accessories from established brands are selected based on individual member preferences, and members receive mailed boxes containing the selected items. Members may also purchase additional brand-name gear through an exclusive online store. The company also develops in-house golf apparel brands. Short Par 4 sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-04747) on June 2, 2026, with $1 million to $10 million in both assets and liabilities. Judge Caryl E. Delano presides over the case. Matthew B. Hale, Esq. at Stichter, Riedel, Blain & Postler represents the Debtor as legal counsel. SHORT PAR 4: Seeks to Hire Alopeke LLC as Financial Advisor ----------------------------------------------------------- Short Par 4, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Alopeke LLC as financial advisors. The firm will provide these services: (a) cash flow planning, reporting, and liquidity management; (b) assistance with vendor and creditor communications and negotiations; (c) support for development of financial projections, budgets, and plan feasibility; (d) analysis of working capital and subscription-related receivables; (e) assistance with business performance tracking and cost optimization; (f) assistance with preparation of monthly operating reports; and (g) such other financial advisory services as may be reasonably requested by the Debtor and agreed by Alopeke. The Debtor agreed to compensate Alopeke a flat monthly amount of $13,500 for the services. Alopeke is disinterested as such term is defined by Sec. 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Fan Bi ALOPEKE LLC 801 North Florida Avenue, Suite 555 220 N. Green St. Chicago, IL 60607 Email: inquiries@alopeke.co About Short Par 4 LLC Short Par 4, LLC is a Florida corporation founded in 2014 by Robert DiMeo and Martin Haas. Based in leased space in Bradenton, Florida, the company operates a membership-based golf subscription service that provides services including curated monthly deliveries of golf lifestyle apparel and related products to customers nationwide. Under its model, clothing and accessories from established brands are selected based on individual member preferences, and members receive mailed boxes containing the selected items. Members may also purchase additional brand-name gear through an exclusive online store. The company also develops in-house golf apparel brands. Short Par 4 sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-04747) on June 2, 2026, with $1 million to $10 million in both assets and liabilities. Judge Caryl E. Delano presides over the case. Matthew B. Hale, Esq. at Stichter, Riedel, Blain & Postler represents the Debtor as legal counsel. SIGNITIVES TECHNOLOGIES: Hires Karim Ali CPA PC as Accountant ------------------------------------------------------------- Signitives Technologies, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Karim Ali CPA, PC as accountant. The firm will perform routine accounting services including bookkeeping, reconciliation of accounts and preparation of state and federal tax returns. Karim Ali charges a flat fee of $475 per month and an annual fee of $550 for filing a United States Tax Return. Karim Ali charges $125 to prepare and file each state income tax return. Karim Ali CPA, PC is a "disinterested person" as that term is defined in Section 101(14) of the bankruptcy Code, according to court filings. The firm can be reached through: Karim Ali, CPA Karim Ali CPA, PC 12005 Ford Rd Suite 650 Dallas, TX 75234 Telephone: (972) 290-0733 Facsimile: (972) 499-0810 Email: karim@karimalicpa.com About Signitives Technologies, LLC Signitives Technologies, LLC operates as a Texas-based technology and digital services company focused on software and business technology solutions. Signitives Technologies, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-42224) on May 21, 2026. The filing lists estimated assets ranging from $100,001 to $1 million and estimated liabilities ranging from $100,001 to $1 million. Honorable Bankruptcy Judge Edward L. Morris presides over the bankruptcy proceedings. The Debtor is represented by Joseph F. Postnikoff, Esq. of Rochelle McCullough, LLP. Frances A. Smith serves as Subchapter V Trustee. SIMPSON TACOMA: Hires Hillis Clark Martin as Special Counsel ------------------------------------------------------------ Simpson Tacoma Kraft Company, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to hire Hillis Clark Martin & Peterson, P.S. as special counsel. The firm's services include: a. assisting the Debtor in review of all environmental claims and in the determination of all issues associated with distribution on allowed environmental claims; b. taking all necessary actions to protect and preserve the interests of the Debtor with respect to environmental matters, including, without limitation, the investigation, negotiation, and if necessary, litigation against third parties with shared liability for environmental claims; c. working with Debtor's advisors and existing counsel with respect to the development, negotiation and filing of any chapter 11 plan; and d. providing testimony before the Bankruptcy Court with respect to the foregoing to the extent (a) deemed necessary and appropriate, (b) consistent with the customary role of special counsel and (c) consistent with the other provisions of the Engagement Agreement. The hourly rates for attorneys that may work on this matter range from $495 to $695. As disclosed in the court filings, Hillis does not hold or represent any interest adverse to the estate; as outlined below Hillis contends that it meets the definition of "disinterested" under section 101(14) Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code. The firm can be reached through: Alexandra Kleeman, Esq. Hillis Clark Martin & Peterson, P.S. 999 Third Avenue, Suite 4600 Seattle, WA 98104 Phone: (206) 470-7697 Email: alexandra.kleeman@hcmp.com About Simpson Tacoma Kraft Company, LLC Simpson Tacoma Kraft Company LLC is a Seattle-based paper and packaging company associated with a Tacoma, Washington, mill that manufactured kraft pulp, linerboard, and related packaging materials. The company's operations included recycling waste paper and boxes into packaging paper and supporting mill production through biomass-powered boilers. Simpson Tacoma Kraft Company, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Washington Case No. 26-11643-CMA) on May 15, 2026. At the time of filing, the Debtor had estimated assets of between $1,000,001 to $10 million and liabilities of between $10,000,001 to $50 million. DBS Law is Debtor's proposed legal counsel. SKYBOUND PROPERTIES: Hires Country Boys Auction as Auctioneer ------------------------------------------------------------- Skybound Properties, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ Country Boys Auction & Realty Co., Inc. as auctioneer. The Debtor needs an auctioneer to assist in the sale of certain real property located at 407 Maides Avenue, Wilmington, North Carolina. The firm will receive this commission: (a) 20 percent of the first $25,000 of the sale of the real property sold; and (b) 6 percent of the remaining balance of the real property sold. Michael Gurkins, an auctioneer at Country Boys Auction & Realty, 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 Gurkins Country Boys Auction & Realty, Inc. 1211 West 5th Street Washington, NC 27889 About Skybound Properties LLC Skybound Properties, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-01678) on April 14, 2026, with between $10 million and $50 million in both assets and liabilities. Judge David M. Warren oversees the case. Laurie B. Biggs, Esq., at Biggs Law Firm, PLLC represents the Debtor as counsel. SMART COMMUNICATIONS: Taps Davenport Files & Kelly as Counsel ------------------------------------------------------------- Smart Communications Holding, Inc. and Smart Communications Collier, Inc. seek approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Davenport Files & Kelly LLP as Louisiana counsel. The firm's services include: (a) provide legal counsel concerning Louisiana proceedings and state laws; (b) serve as counsel to Debtors in pending Louisiana Matters; and (c) assist with any appeals which may arise from Louisiana Matters. The firm's counsel and staff will be paid at these hourly rates: M. Shane Craighead, Attorney $250 Jackson Wyly, Attorney $250 Paralegal & Litigation Support $85 In addition, the firm will seek reimbursement for expenses incurred. Mr. Craighead 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: M. Shane Craighead, Esq. Davenport Files & Kelly LLP 1509 Lamy Kane Monroe, LA 71211 About Smart Communications Holding Smart Communications Holding, LLC, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-09473) on December 16, 2025, with $0 to $50,000 in assets and $1,000,001 to $10 million in liabilities. Judge Roberta A. Colton presides over the case. The Debtor tapped Eric D. Jacobs, Esq., at Venable LLP as bankruptcy counsel; Saul Ewing LLP and Akerman LLP as special litigation counsel; and Davenport Files & Kelly LLP as Louisiana counsel. SONOMA CELLAR: Hires Blankingship & Keith P.C. as Special Counsel ----------------------------------------------------------------- Sonoma Cellar, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to hire Blankingship & Keith, P.C. as special counsel. On March 19, 2026, this Court denied the Debtor's objection to a claim filed by Elizabeth and Richard Myllenbeck, and entered judgment against the Debtor. The Debtor has filed a timely appeal. The Debtor has retained Blankingship to assist it in, among other things, the protection of its interests in the Appeal, and performing all of the legal services for the Debtor that may be necessary or desirable related thereto. Blankingship be compensated, on an hourly basis, for professional services rendered, plus reimbursement of actual and necessary expenses incurred. Daniel Wharam, the principal of the Debtor, has provided Blankingship a $25,000 retainer. As disclosed in the court filings, Blankingship is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Michael W. Robinson, Esq. Blankingship & Keith, P.C. 4020 University Dr #300 Fairfax, VA 22030 Phone: (703) 691-1235 Email: mrobinson@bklawva.com About Sonoma Cellar, LLC Sonoma Cellar, LLC is a company that operates in the wine industry. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 24-11780) with $10,000 to $50,000 in assets and $500,000 to $1 million in liabilities. Judge Klinette H. Kindred. Mark oversees the case. Justin Fasano at Mcnamee Hosea, P.A. represents the Debtor as legal counsel. SPARHAWK LLC: Newpoint Announces Section 363 Going-Concern Sale --------------------------------------------------------------- Newpoint Advisors Corporation announces Section 363 going-concern sale of Sparhawk LLC. Company Overview The Company is a Wisconsin-based trucking and logistics provider with over 45 years of operating history serving industrial, distribution, and logistics customers throughout established Midwest freight corridors. The Company operates refrigerated and dry van transportation with a fleet of 120 tractors and nearly 600 trailers. Supported by an experienced operations team and stable driver workforce, the business continues to generate recurring freight activity and positive operating cash contribution. Since filing Chapter 11, the Company has retained substantially all strategic customers and maintained a stable driver base. Current Situation While revenue declined alongside industry-wide freight rate compression, the Company maintained gross margins in the mid-30% range and remained EBITDA positive throughout the downturn. The Company improved EBITDA by approximately 70% in 2025 despite continued industry headwinds, demonstrating the underlying earnings potential of the platform. Operational performance was further complicated by a generational ownership transition that introduced strategic and financial management challenges during a period that demanded decisive action. The Company's freight business remained active throughout: its geographic density in key Upper Midwest lanes and its long-standing customer relationships represent durable competitive advantages that a buyer can step into on day one, unencumbered by the challenges that ultimately led to the restructuring process. Opportunity The Company and three affiliated entities filed voluntary Chapter 11 petitions on March 13, 2026. On April 27, 2026, Matthew Brash of Newpoint Advisors Corporation was appointed Chapter 11 Trustee and is overseeing the debtors' operations and sale process with the assistance of Newpoint Advisors Corporation as financial advisor. Subject to Bankruptcy Court approval, substantially all assets will be sold pursuant to Section 363 of the Bankruptcy Code, free and clear of all liens, claims, interests, and encumbrances. The transaction includes a substantial equipment fleet, approximately $2.9 million of accounts receivable, and owned real estate with an estimated as-is value of $3.4 million. ASSET & EQUIPMENT SUMMARY as of May 31, 2026 52 Company drivers and 39 owner operators 85% contracted loads; spot rates primarily for return trips Accounts Receivable $2.9 million Real Estate "As Is" Value $3.4 million NOTE: The Company's business plan and financials have not been audited by Newpoint Advisors Corporation and are subject to the potential buyer's due diligence. The purpose of this document is to gauge interest from potential lenders and investors. For more information contact: Graham McFarland gmcfarland@newpointadvisors.us or Tyler Brasher tbrasher@newpointadvisors.us About Newpoint Advisors Corporation Newpoint Advisors Corporation -- http://www.NewpointAdvisors.us-- is a North American financial advisory firm dedicated to improving troubled and financially underperforming small to lower middle market businesses. About Sparhawk LLC Sparhawk LLC and affiliated entities -- Sparhawk Trucking, Inc., Sparhawk Properties, LLC; and Sparhaw Truck and Trailer, Inc. -- support trucking operations, equipment management and property holdings related to the group's transportation activities. Founded in 1981, the Sparhawk group operates within the general freight trucking industry in the United States. Sparhawk and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wis. Lead Case No.26-10527) on March 13, 2026. In the petition signed by Mark A. Sparhawk, sole member, Sparhawk disclosed up to $10 million in both assets and liabilities. Judge Catherine J Furay oversees the cases. Jerome R. Kerkman, Esq., and Nicholas W. Kerkman, Esq., at Kerkman & Dunn, represent the Debtors as legal counsel. Matthew Brash was appointed as trustee appointed in these Chapter 11 cases. He tapped Swanson Sweet LLP as counsel and Newpoint Advisors Corporation as financial advisor. SPARHAWK LLC: Trustee Hires KPR Brokers as Real Estate Broker ------------------------------------------------------------- Matthew Brash, the trustee appointed in the Chapter 11 cases of Sparhawk, LLC and its affiliates, seeks approval from the U.S. Bankruptcy Court for the Western District of Wisconsin to employ KPR Brokers, LLC as real estate broker. The Debtor needs a broker to market its property. The firm will receive a commission of 3 percent of the property's gross sales price. Mark Kitowski, a real estate agent at KPR Brokers, 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 Kitowski KPR Brokers, LLC 2417 Post Road Plover, WI 54467 Telephone: (715) 598-6367 About Sparhawk LLC Sparhawk LLC and affiliated entities -- Sparhawk Trucking, Inc., Sparhawk Properties, LLC; and Sparhaw Truck and Trailer, Inc. -- support trucking operations, equipment management and property holdings related to the group's transportation activities. Founded in 1981, the Sparhawk group operates within the general freight trucking industry in the United States. Sparhawk and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wis. Lead Case No. 26-10527) on March 13, 2026. In the petition signed by Mark A. Sparhawk, sole member, Sparhawk disclosed up to $10 million in both assets and liabilities. Judge Catherine J. Furay oversees the cases. Jerome R. Kerkman, Esq., and Nicholas W. Kerkman, Esq., at Kerkman & Dunn represent the Debtors as legal counsel. Matthew Brash is appointed as trustee appointed in these Chapter 11 cases. The trustee tapped Swanson Sweet LLP as counsel and Newpoint Advisors Corporation as financial advisor. SPARHAWK LLC: Trustee Seeks to Tap Steffes Group as Auctioneer -------------------------------------------------------------- Matthew Brash, the trustee appointed in the Chapter 11 cases of Sparhawk, LLC and its affiliates, seeks approval from the U.S. Bankruptcy Court for the Western District of Wisconsin to employ Steffes Group, Inc. as auctioneer and broker. The firm will perform these services: (a) conduct online public auctions for (i) truck trailers located at Street Address: 421 25th Ave. N. Wisconsin Rapids, Wisconsin and described as Tax Parcel: 3400875; and (ii) truck trailers and tractors located in Texas; and (b) act as broker to facilitate further sales of certain trucking trailers, tractors, and other personal property subject to future sale motions and upon approval by the Court of the sales. Steffes has agreed to conduct online public auctions for the Boneyard Trailers and the Texas Assets in exchange for (1) a commission of 8 percent of the gross proceeds of the auction, comprising (a) seller's commission of 6 percent, (b) set-up/clean-up commission of 1 percent, and (c) advertising commission of 1 percent; (2) a 10 percent buyer's fee, capped at $1,000 per item; and (3) reimbursement of expenses. In addition, Steffes has agreed to market and broker the sales of additional trucks, trailers, and personal property for sale in the course of these cases as a broker in exchange for a commission consisting of 5 percent of the gross sale price of any future Steffes-brokered sales upon Court approval of any other sales. Scott Steffes, a designated broker at Steffes Group, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Scott Steffes Steffes Group, Inc. 2000 Main Avenue East West Fargo, ND 58078 Telephone: (701) 237-9173 About Sparhawk LLC Sparhawk LLC and affiliated entities -- Sparhawk Trucking, Inc., Sparhawk Properties, LLC; and Sparhaw Truck and Trailer, Inc. -- support trucking operations, equipment management and property holdings related to the group's transportation activities. Founded in 1981, the Sparhawk group operates within the general freight trucking industry in the United States. Sparhawk and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wis. Lead Case No. 26-10527) on March 13, 2026. In the petition signed by Mark A. Sparhawk, sole member, Sparhawk disclosed up to $10 million in both assets and liabilities. Judge Catherine J. Furay oversees the cases. Jerome R. Kerkman, Esq., and Nicholas W. Kerkman, Esq., at Kerkman & Dunn represent the Debtors as legal counsel. Matthew Brash is appointed as trustee appointed in these Chapter 11 cases. The trustee tapped Swanson Sweet LLP as counsel and Newpoint Advisors Corporation as financial advisor. SPARHAWK LLC: Trustee Taps Steffes Group Inc. as Auctioneer ----------------------------------------------------------- Chapter 11 Trustee Matthew Brash for Sparhawk LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the Western District of Wisconsin to hire Steffes Group, Inc. as auctioneer and broker. The Trustee intends for Steffes to conduct online public auctions of the truck trailers located at Street Address: 421 25th Ave N. Wisconsin Rapids, WI 54495 and described as Tax Parcel: 3400875 (Boneyard Trailers) and truck trailers and tractors located in Texas (Texas Assets). Steffes has agreed to conduct online public auctions for: (1) a commission of 8% of the gross proceeds of the auction, comprising (a) seller's commission of 6%, (b) set-up/cleanup commission of 1%, and (c) advertising commission of 1%; (2) a 10% buyer's fee, capped at $1,000 per item; and (3) reimbursement of expenses as further defined. In addition, Steffes has agreed to market and broker the sales of additional trucks, trailers, and personal property for sale in the course of these cases as a broker in exchange for a commission consisting of 5% of the gross sale price of any future Steffes-brokered sales upon Court approval of any other sales. Steffes is a "disinterested person" as that term is defined in the Bankruptcy Code, according to court filings. The firm can be reached through: Scott Steffes Steffes Group, Inc. PO Box 14518 8820 Monrovia Street Lenexa, KS 66285 Phone: (913) 541-8084 Email: scott.steffes@steffesgroup.com About Sparhawk LLC Sparhawk LLC and affiliated entities -- Sparhawk Trucking, Inc., Sparhawk Properties, LLC; and Sparhaw Truck and Trailer, Inc. -- support trucking operations, equipment management and property holdings related to the group's transportation activities. Founded in 1981, the Sparhawk group operates within the general freight trucking industry in the United States. Sparhawk and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wis. Lead Case No.26-10527) on March 13, 2026. In the petition signed by Mark A. Sparhawk, sole member, Sparhawk disclosed up to $10 million in both assets and liabilities. Judge Catherine J Furay oversees the cases. Jerome R. Kerkman, Esq., and Nicholas W. Kerkman, Esq., at Kerkman & Dunn, represent the Debtors as legal counsel. Matthew Brash is appointed as trustee appointed in these Chapter 11 cases. The trustee tapped Swanson Sweet LLP as counsel and Newpoint Advisors Corporation as financial advisor. SPEYSIDE HOLDINGS: Hilco Global Markets NY Quarry in Bankruptcy --------------------------------------------------------------- The Hilco Global Real Estate Practice is marketing the sale of a 198± AC aggregate quarry and production facility located in Woodbury, New York. Supported by an estimated 37.3 million tons of aggregate reserves and an additional 28.9 million tons of probable aggregate, the property represents a rare opportunity to acquire a significant mineral asset within the Northeast. Spanning five different parcels, this property is fully permitted and currently under the operations of Speyside Sand & Stone. The site contains substantial reserves of greywacke suitable for construction and produces a variety of coarse and fine products that meet the New York State Department of Transportation (NYSDOT) specifications, allowing the materials to be utilized in road construction, asphalt production, concrete manufacturing and site development applications. This quarry is located along New York State Route 32, providing convenient access to major population centers throughout the Northeast. Located approximately 50 miles north of New York City and within reach of Albany, White Plains and Hudson Valley, the site is well situated to serve some of the nation's most active construction and infrastructure markets. This site is further highlighted due to its connectivity to Interstate 87 (New York State Thruway), Interstate 84 and Route 17/I-86, facilitating efficient distribution throughout the region. The Hudson Valley and the New York metropolitan area continues to benefit from strong economic fundamentals, regional population density and ongoing public and private investment. Demand for aggregate materials continues to be supported by significant infrastructure investment throughout New York. In 2025 alone, the state invested approximately $3.6 billion in roadway and bridge improvements, including major projects along Interstate 87 and State Route 17 in Orange County. In early June 2026, major roadway and transportation projects were announced, including a $63.5 million infrastructure investment across Mohawk Valley, Southern Tier and Western NY and $146 million in major work to Long Island roads and bridges. According to the New York Construction Materials Association, each mile of interstate highway requires more than 38,000 tons of aggregate materials, underscoring the critical role locally sourced stone plays in supporting transportation infrastructure and regional development. "This offering presents investors with the opportunity to acquire a long-life aggregate resource in an area where new quarry development is increasingly difficult," said Jonathan Cuticelli, director of real estate brokerage at Hilco Global. "The combination of significant reserves, strategic location within a quickly growing County and its proximity to New York City along with the limited supply of permitted aggregate operations in the Northeast creates a compelling investment with long-term value potential." The sale is subject to approval by U.S. Bankruptcy Court Eastern District of New York, Case No. 8-2670730-spg, In re: Speyside Holdings, LLC, and in cooperation with Jonathan Cuticelli, NY Broker, Lic. #10351218305. Bids are due by August 14 and must be submitted on the approved Purchase and Sale Agreement available for review and download from the Hilco Global real estate sales website. Interested buyers should reach out directly for requirements to participate in the sale process. For further information, please contact Jonathan Cuticelli at (203) 561-8737 or jcuticelli@hilcoglobal.com. To obtain access to due diligence documents, please visit HilcoRealEstateSales.com or call (855) 755-2300. 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 Speyside Holdings LLC Speyside Holdings, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.Y. Case No. 8-26-70730) on February 20, 2026. In the petition signed by Eugene Fernandez, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Sheryl P. Giugliano oversees the case. Gary C. Fischoff, Esq., at BFSNG Law Group, LLP, represents the Debtor as legal counsel. SPIKE BODY: Seeks to Hire D'Andrea & Associates as Accountant ------------------------------------------------------------- Spike Body Werks, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ D'Andrea & Associates, Ltd. as accountant. The firm will assist the Debtor with negotiating payment arrangements with the tax authorities and will prepare the necessary federal and state tax returns, plus prepare payroll taxes. Christopher D'Andrea, a certified public accountant at D'Andrea & Associates, 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: Christopher R. D'Andrea, CPA D'Andrea & Associates, Ltd. 53 W. Jackson Blvd., Suite 260 Chicago, IL 60604 Telephone: (312) 341-9999 Facsimile: (312) 341-9997 About Spike Body Werks Inc. Spike Body Werks, Inc., is an Illinois company engaged in the business of autobody collision restoration and custom work. Spike Body Werks filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 23-13885) on Oct. 17, 2023, with $1 million to $10 million in both assets and liabilities. Pasquale Roppo, president of Spike Body Werks, signed the petition. Judge Donald R. Cassling oversees the case. The Debtor tapped Scott R. Clar, Esq., at Crane, Simon, Clar & Goodman as counsel and D'Andrea & Associates, Ltd. as accountant. STRONG ABODE: Seeks to Hire Davis Ermis & Roberts as Attorney ------------------------------------------------------------- Strong Abode Construction LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Davis, Ermis & Roberts, P.C. as attorney. The firm will provide these services: a. give the Debtor legal advice with respect to its powers and duties as Debtor-In-Possession in the continued operation of the business and management of its property; b. prepare on behalf of the Debtor, as Debtor-In-Possession, necessary applications, orders, answers, reports, and other legal papers; c. perform all other legal services for the Debtor, as Debtor-In-Possession, which may be necessary. The firm will be paid at these rates: Craig D. Davis $750 per hour Legal assistants $120 per hour In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Davis 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: Craig D. Davis, Esq. Davis, Ermis & Roberts, P.C. 2000 E. Lamar Blvd., Suite 780 Arlington, TX 76006 Tel: (972) 263-5922 Fax: (817) 262-3264 Email: davisdavisandroberts@yahoo.com About Strong Abode Construction LLC Strong Abode Construction LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-42676) on June 19, 2026, listing $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Edward L Morris presides over the case. Craig Douglas Davis, Esq. at Davis, Ermis & Roberts, P.C. serves as the Debtor's counsel. SVG 26 LLC: Seeks to Tap Alla Kachan as General Bankruptcy Counsel ------------------------------------------------------------------ SVG 26 LLC, doing business as Alton Distillery, seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Law Offices of Alla Kachan, P.C. as counsel. The firm's services include: (a) assist the Debtor in administering this case; (b) make such motions or take such action as may be appropriate or necessary under the Bankruptcy Code; (c) represent the Debtor in prosecuting adversary proceedings to collect assets of the estate and such other actions as it deem appropriate; (d) take such steps as may be necessary for the Debtor to marshal and protect the estate's assets; (e) negotiate with the Debtor's creditors in formulating a plan of reorganization for it in this case; (f) draft and prosecute the confirmation of the debtor's plan of reorganization in this case; and (g) render such additional services as the Debtor may require in this case. The firm will be paid at $250 per hour for clerks' and paraprofessionals' time, and $500 per hour for attorney time. In addition, the firm will seek reimbursement for expenses incurred. The firm received an initial retainer of $20,000 on June 12, 2026 from the Debtor. Alla Kachan, 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: Alla Kachan, Esq. Law Offices of Alla Kachan, P.C. 2799 Coney Island Avenue, Suite 202 Brooklyn, NY 11235 Telephone: 9718) 513-3145 About SVG 26 LLC SVG 26 LLC, dba Alton Distillery, is known for crafting premium, small-batch spirits that have gained recognition within the industry. Its offerings include the popular Peace Vodka and The Alton Classics line, featuring New York Straight Rye Whiskey and New York Straight Bourbon Whiskey. SVG 26 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-44613) on September 25, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. The Law Offices of Alla Kachan, PC serves as the Debtor's counsel. SVK CAPITAL: Gets Interim OK to Use Cash Collateral Until July 31 ----------------------------------------------------------------- SVK Capital, LLC received interim approval from the U.S. Bankruptcy Court for the Northern District of California to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral to fund operations through July 31 based on its court-approved budget. The Debtor's cash collateral consists primarily of rental income generated from its commercial property located at 9645 Folsom Boulevard in Sacramento, California. The property includes multiple rental units currently leased to 13 tenants and produces approximately $33,887.95 in monthly rent. The Debtor's primary secured creditors are JTS Capital 3, LLC, which holds a deed of trust and assignment of rents securing a $4.5 million loan, and the U.S. Small Business Administration, which holds a perfected security interest in the Debtor's personal property and is owed approximately $341,905. As adequate protection, secured creditors JTS Capital 3, LLC and the U.S. Small Business Administration will be granted automatically perfected post-petition replacement liens, with the same amount, validity, and priority as their pre-petition liens. In addition, the Debtor must provide JTS with a monthly report detailing rental income received, expenses paid, and net rental income, with the net rental income to be remitted to JTS. The report must be delivered to JTS's counsel within five days after the end of each month. The order is available at http://bankrupt.com/misc/SVKCapital_ICCOrder29.pdf The court scheduled a further hearing for July 29. About SVK Capital, LLC SVK Capital, LLC is a business entity that appears to operate as an investment or financial services firm, based on its corporate structure and name. SVK Capital, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ca. Case No. 26-40874) on April 27, 2026. In its petition, the Debtor reports estimated assets ranging from $1 million to $10 million and estimated liabilities ranging from $1 million to $10 million. Honorable Bankruptcy Judge William J. Lafferty handles the case. The Debtor is represented by Chris D. Kuhner, Esq. of Kornfield Nyberg Bendes Kuhner & Little. SWIFTSHIPS LLC: Seeks to Hire Lee Felterman & Associates as Broker ------------------------------------------------------------------ Swiftships, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Louisiana to employ Lee Felterman & Associates, LLC as listing agent and ship broker. The Debtor needs a broker to advertise and market the M/V Risen Sun vessel, consult various offers, interface with other brokers and prospective purchasers, and prove expert testimony on behalf of its estate. The firm will receive the following commission: (a) 5 percent commission of the gross price on the sale funds up to $1,000,000; (b) 3 percent of the gross sale price on the funds amount in excess of $1,000,000. Marc Felterman, a sole member at Lee Felterman & Associates, 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: Marc Felterman Lee Felterman & Associates, LLC 115 Landry St. Patterson, LA 70392 Telephone: (985) 399-7222 Email: office@leefelterman.com About Swiftships LLC Swiftships, LLC designs, builds and supports military and commercial vessels, providing shipbuilding, engineering, system integration, co-production, maintenance, repair and overhaul, and service life extension services for naval and government clients worldwide. Founded in 1942 and based in Chantilly, Virginia, the company has constructed more than 1,000 vessels and provides lifecycle sustainment, follow-on technical support and autonomous solutions to more than 50 operators, with capabilities that include transfer-of-technology, transfer-of-production and fleet management support. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. La. Case No. 26-50237) on March 18, 2026. In the petition signed by Shahraze Shah, manager, the Debtor disclosed $43,004,524 in assets and $26,087,683 in liabilities. Judge John W. Kolwe oversees the case. Ryan J. Richmond, Esq., at Sternberg, Naccari & White, LLC represents the Debtor as counsel. On April 13, 2026, the Office of the United States Trustee appointed an official committee of unsecured creditors in this Chapter 11 case. The committee tapped Kelly Hart Pitre as counsel. TAI CHEUNG: Gets Interim OK to Use Cash Collateral -------------------------------------------------- Tai Cheung Realty, Inc. and 43 Mott Realty Owner, LLC received interim approval from the U.S. Bankruptcy Court for the Eastern District of New York to use the cash collateral of secured creditor, Global Bank. Under the June 30 interim order, the Debtors are authorized to use cash collateral for ordinary-course business expenses in accordance with approved monthly budgets. The Debtors are prohibited from selling, transferring, or otherwise disposing of collateral outside the ordinary course without Global Bank's written consent and court approval. As adequate protection, Global Bank will receive a post-petition replacement lien on substantially all of the Debtors' assets, effective as of the petition date and automatically perfected without additional filings. In addition, Global Bank will receive a combined monthly adequate protection payment of $35,000. The order also provides for a carveout protecting U.S. Trustee fees, avoidance actions and their proceeds, and up to $5,000 for a Chapter 7 trustee's fees. Events of default include unauthorized cash collateral use, failure to make adequate protection payments, failure to establish the required real estate tax payment plan, or conversion or dismissal of the Chapter 11 cases. The order is available at http://bankrupt.com/misc/TaiCheungICCOrder18.pdf The next hearing is scheduled for July 17. The Debtors own a mixed-use commercial and residential property at 43-45 Mott Street in New York, which consists of storefronts and 31 residential units. The Chapter 11 bankruptcy filings were precipitated by a $10 million loan from Global Bank (now totaling an asserted debt of $13,158,416.94) and subsequent foreclosure actions. This legal entanglement escalated after a dispute involving a separate $1.2 million SBA loan from New Bank granted to a restaurant tenant, "Seoul Garden," where the Debtors served as disputed guarantors. Although the Debtors deposited $500,000 into their Global Bank account to pay down the New Bank loan, Global Bank allegedly withheld the payment and declared the Debtors in default, leading to a judgment of foreclosure and a scheduled property sale. About Tai Cheung Realty Inc. Tai Cheung Realty, Inc. is a real estate investment and property management company engaged in the ownership and operation of commercial and residential real estate assets. The company focuses on real estate development and long-term property holdings. Tai Cheung Realty, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42409) on May 18, 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 Elizabeth S. Stong handles the case. The Debtor is represented by Adam P. Wofse, Esq. of Lamonica Herbst & Maniscalco LLP. TALON LOGISTICS: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------------- Debtor: Talon Logistics, Inc. 21255 Burbank Blvd., Suite 300, Woodland Hills, CA 91367 Business Description: Talon Logistics Inc. provides logistics services, including drayage, intermodal transportation, transloading, brokerage, export support, and refrigerated transportation. Established in 2007, the company serves major port markets including Los Angeles and Long Beach, New York and New Jersey, Oakland, Savannah, Houston, and Norfolk. Talon supports industries such as apparel and footwear, automotive, eCommerce, food and beverage, furniture and household goods, and government. The company uses technology such as artificial intelligence, geolocation data, electronic data interchange, automated appointments, and a customer portal, and operates zero- emission battery-electric and hydrogen trucks in Los Angeles and Long Beach, Oakland, and Houston. Chapter 11 Petition Date: June 29, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-11399 Judge: Hon. Victoria S Kaufman Debtor's Counsel: Ron Bender, Esq. LEVENE, NEALE, BENDER, YOO & GOLUBCHIK L.L.P. 2818 La Cienega Ave. Los Angeles, CA 90034 Tel: (310) 229-1234 E-mail: rb@lnbyg.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Emmanuel Carrillo as CEO and CFO. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/GCJBJZI/Talon_Logistics_Inc__cacbke-26-11399__0001.0.pdf?mcid=tGE4TAMA TALOS ENERGY: S&P Affirms 'B' ICR on Announced Acquisition ---------------------------------------------------------- S&P Global Ratings affirmed its 'B' issuer credit rating on Houston-based offshore exploration and production (E&P) company Talos Energy Inc. At the same time, S&P affirmed the 'B+' issue-level rating on the company's existing second-lien senior secured notes. The recovery rating remains '2', reflecting its expectation of substantial (70%-90%; rounded estimate: 85%) recovery in the event of a payment default. S&P said, "We also assigned a 'B+' issue-level rating and '2' recovery rating to Talos Production Inc.'s (a wholly owned subsidiary of Talos) proposed offering of $800 million second-lien senior secured notes due 2034. "The stable outlook reflects our expectation that Talos' credit metrics will be strong for the rating over the next 12 months based on our current commodity price assumptions, with funds from operations (FFO) to debt averaging 60%-70% and debt to EBITDA remaining below 2.0x. We also expect the company to generate meaningful free operating cash flow (FOCF) and maintain adequate liquidity." On June 30, 2026, Talos Energy Inc. announced a definitive agreement to acquire certain deepwater assets in the Gulf of Mexico from Shell Offshore Inc (a subsidiary of Shell plc), alongside an affiliate of Ridgewood Energy Corp. for $850 million gross cash consideration net to Talos, subject to customary purchase price adjustments. The transaction enhances scale and adds producing, oil-weighted deepwater assets with infrastructure-linked upside, strengthening Talos' position as a pure-play offshore operator while diversifying its field-level concentration, but also increases near-term leverage and preserves single-basin concentration risk. Talos' scale will improve following its acquisition of Shell's Gulf of Mexico assets. The transaction adds a 50% working interest and operatorship in the Coulomb field, as well as a 25% non-operated interest in the BP-operated Na Kika platform and its associated fields. The acquired assets provide immediately producing, oil-weighted deepwater production and reserves that align closely with Talos' existing offshore portfolio and infrastructure footprint. Based on first-quarter 2026 production levels, S&P estimates the acquisition will add approximately 16,000 barrels of oil equivalent per day (boe/d; 78% oil), bringing pro forma production to about 105,000 boe/d (73% oil), while adding roughly 23 million boe of proved reserves and increasing total proved reserves to about 198 million boe on a pro forma year-end 2025 basis. S&P believes the transaction is modestly positive for Talos' business risk profile, reflecting greater scale within its core operating basin and expected accretion to EBITDA margins. However, partially offsetting these benefits are incremental leverage, transaction execution, integration risks -- though limited given that Coulomb is a subsea tie-back and Na Kika is non-operated --and continued single-basin concentration. The company's lack of geographic diversification leaves it exposed to basin-specific operational, geological, weather-related, and regulatory risks, as well as the relatively high cost structure associated with offshore operations. Additionally, despite the increase in scale, Talos' proved reserves and relatively low proved developed reserve life of roughly four years will continue to lag higher-rated peers. The company expects to fund the acquisition with a combination of cash on hand and debt. S&P said, "We estimate the final net cash consideration will be approximately $450 million-$500 million, based on estimated interim cash flows the acquired assets have generated since the effective date of July 1, 2025. As of March 31, 2026, Talos had about $386 million of cash on hand and full availability under its $700 million reserves-based lending (RBL) credit facility (less $97.4 million of outstanding letters of credit). The company has also obtained $150 million of additional commitments from its existing lending group, which will increase the borrowing base to $850 million when the acquisition closes. We expect the transaction to close by year-end 2026, subject to customary closing conditions." The transaction is subject to some uncertainty. Affiliates of BP hold a 30-day preferential right over the non-operated working interests in the Na Kika platform and its four associated fields. If exercised, Talos would acquire only the 50% working interest and operatorship in Coulomb, which represents the majority of the acquired reserves and production, materially reducing the size of the transaction as well as the associated increases in production and reserves. The agreement also includes a contingent consideration provision under which Shell is entitled to 50% of certain upside cash flows from closing through year-end 2027 if realized oil prices exceed $60 per barrel, subject to specified thresholds and other conditions. S&P said, "We anticipate Talos' credit metrics will be strong for the rating based on our current commodity price assumptions. We project S&P Global Ratings-adjusted FFO to debt will average 60%-70%, with debt to EBITDA remaining modestly below 2x over the next two years. The company returned approximately 27% of free cash flow in the first quarter and, in April 2026, increased its share repurchase authorization by about $157 million, bringing the remaining authorization to $200 million. We expect shareholder returns to remain within the company's framework of returning up to 50% of annual free cash flow. Talos maintains a long-term leverage target below 1.0x and a hedging program that covers 50% of the next 12 months of proved developed producing (PDP) production volumes, increasing to include 25% of the subsequent six months if leverage exceeds 1.0x. "We assigned a 'B+' issue-level rating to the proposed notes. Talos Production has announced an offering of $800 million second-lien senior secured notes due 2034. We expect the new notes will be guaranteed on a senior basis by Talos and certain of the company's existing subsidiaries. We anticipate the company will use the proceeds from this offering to refinance its existing $625 million second-lien senior secured notes due 2029 and fund a portion of the acquisition of Gulf of Mexico assets. Talos must redeem $175 million principal amount of the outstanding notes at par plus accrued and unpaid interest, if the Gulf of Mexico acquisition is not completed by Dec. 31, 2026, if the company decides not to proceed with the acquisition before that date, or if the preferential right with respect to BP is exercised. We therefore assigned 'B+' issue-level rating and '2' recovery ratings to the company's proposed notes. The '2' recovery rating indicates our expectation for substantial (70%-90%; rounded estimate: 85%) recovery of principal to creditors in the event of a payment default. "The stable outlook reflects our expectation that Talos' credit metrics will be strong for the rating over the next 12 months based on our current commodity price assumptions, with FFO to debt averaging 60%-70% and debt to EBITDA remaining modestly below 2.0x. We also expect the company to generate meaningful FOCF and maintain adequate liquidity profile throughout this period. "We could lower our rating if we expect Talos will increase its debt to EBITDA above 2.0x and weaken its FFO to debt below 45% for a sustained period or its liquidity deteriorates. This would most likely occur if commodity prices significantly decline below our price deck assumptions and the company does not reduce its capital spending, or its production comes in well below our expectations. "We could raise our rating on Talos if it diversifies its exposure outside the Gulf of Mexico or increases its size and scale while maintaining its FFO to debt to about 60% on a sustained basis and adequate liquidity." TARPON SPRINGS: Court Directs U.S. Trustee to Appoint PCO --------------------------------------------------------- Judge Caryl Delano of the U.S. Bankruptcy Court for the Middle District of Florida directed the U.S. Trustee to appoint a patient care ombudsman for Tarpon Springs Assisted Living at Walton Place, LLC. The bankruptcy judge finds that the provisions of Section 333(a)(1) of the Bankruptcy Code for appointment of a PCO apply to Tarpon Springs Assisted Living at Walton Place after having filed its bankruptcy petition, indicating that it operates a health care business. Judge Delano ordered that the Debtor shall assist the PCO in complying with Bankruptcy Rule 2015.1(a) by providing the PCO with the names and addresses of its patients and residents or the personal representatives for patients and residents. The bankruptcy judge further ordered that within sixty days of appointment, the PCO shall prepare a report regarding the quality of patient and resident care pursuant to Section 333(b)(2) (the "Report") and shall provide a copy of such Report to counsel for Debtors, the Subchapter V Trustee, and the U.S. Trustee. Debtor's counsel shall file the Report with the Court and provide notice of the filing of the Report to parties in interest in accordance with Bankruptcy Rule 2015.1. About Tarpon Springs Assisted Living at Walton Place Tarpon Springs Assisted Living at Walton Place, LLC, a company based in New Port Richey, Florida, operates an assisted living facility in Tarpon Springs, Florida, that provides residential senior care services including assistance with activities of daily living, medication management, meal preparation, housekeeping, and memory care support. Organized as a Florida limited liability company in 2015, the company serves elderly residents requiring supervised living and long-term residential support in the Pasco County senior care market. Tarpon sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-03349) on April 21, 2026, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Mary A. Burnard, manager, signed the petition. Scott A. Stichter, Esq., at Stichter, Riedel, Blain & Postler, P.A. represents the Debtor as legal counsel. TB ENTERPISES: Hires Neeleman Law Group as Bankruptcy Counsel ------------------------------------------------------------- TB Enterpises, LLC seeks approval from the U.S. Bankruptcy Court for Western District of Washington to hire Neeleman Law Group, P.C. as legal counsel. The firm's services include: (a) assisting the Debtor in the investigation of the financial affairs of the estate; (b) providing legal advice and assistance to the Debtor with respect to matters relating to the case and creditor distribution; (c) preparing all pleadings necessary for proceedings arising under the case; and (d) performing all necessary legal services for the estate in relation to the case. Neeleman Law Group, P.C. will receive compensation at $600 per hour for principals, $475 per hour for associates, and $250 per hour for paralegals. The Debtor also paid a retainer of $6,740. Neeleman Law Group, P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and does not hold an interest adverse to the Debtor or the estate, according to court filings. The firm can be reached at: Thomas D. Neeleman, Esq. Jennifer L. Neeleman, Esq. NEELEMAN LAW GROUP, P.C. 1403 8th Street Marysville, WA 98270 Telephone: (425) 212-4800 Facsimile: (425) 212-4802 E-mail: jennifer@neelemanlaw.com About TB Enterpises, LLC TB Enterpises, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wash. Case No. 26-bk-11579) on May 12, 2026, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Timothy W Dore presides over the case. Jennifer L Neeleman, Esq. at Neeleman Law Group, P.C. serves as the Debtor's counsel. TECHPRECISION CORP: Reports $1.66 Million Net Loss in FY2025 ------------------------------------------------------------ TechPrecision Corporation has filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission for the fiscal year ended March 31, 2026, reporting a net loss of $1.66 million, or $0.17 per share basic and fully diluted, compared with a net loss of $2.75 million, or $0.29 per share basic and fully diluted, in fiscal 2025. Consolidated revenue was $31.64 million for the fiscal year ended March 31, 2026, a decrease of $2.39 million, or 7%, compared to $34.03 million revenue for the fiscal year ended March 31, 2025. Philadelphia, Pennsylvania-based CBIZ CPAs P.C., the Company's auditor since 2013 (such date takes into account the acquisition of the attest business of Marcum LLP by CBIZ CPAs P.C. effective November 1, 2024), issued a going concern qualification in its report dated June 25, 2026, citing that the Company has a significant working capital deficiency, has incurred significant losses, and needs to raise additional funds to meet its obligations and sustain its operations. Liquidity and Capital Resources As of March 31, 2026, the Company had $1.49 million in total available liquidity, consisting of $431 thousand in cash and $1.05 million in undrawn capacity under its revolver loan, compared to $1.45 million in total available liquidity as of March 31, 2025, consisting of $195 thousand in cash and $1.26 million in undrawn capacity under the revolver loan. There was $7.03 million outstanding under the Loan Agreement on March 31, 2026. The Company is the borrower under the Amended and Restated Loan Agreement dated as of August 25, 2021, as further amended, with Beacon Bank & Trust, successor by merger to Berkshire Bank, under which the Bank provides the Ranor Term Loan, the Stadco Term Loan, and a revolving line of credit with a maximum principal amount of $4.5 million. Since March 31, 2025, Ranor, Inc. and certain affiliates of the Company entered into four additional separate amendments to the Loan Agreement that extended the maturity date of the Revolver Loan from April 30, 2025, to August 29, 2025, then to January 16, 2026, then to May 15, 2026, and most recently to September 15, 2026. The original maturity date of the Revolver Loan under the Loan Agreement was December 20, 2023. While the maturity date of the Revolver Loan has been extended, it is due within the next 12 months and, if the Company is not able to renew or further extend the maturity date, the Company will need to raise additional funds in order to meet its obligations with respect to the Revolver Loan and sustain its operations. The Company acknowledges that a certain event of default has occurred and is continuing under the Loan Agreement as a result of the Company's failure to satisfy the balance sheet leverage covenant as of March 31, 2026. As of March 31, 2025, the Company failed to satisfy the debt service coverage ratio and balance sheet leverage covenants. The lender reserves any and all rights and remedies available to it under the Loan Agreement, including, without limitation, its right to choose to accelerate and demand the outstanding indebtedness evidenced by the loan documents and to seek immediate repayment in full, as well as the right to stop honoring drawdowns under the Revolver Loan. The lender has not granted the Company a waiver. Without a waiver, noncompliance with these financial and related covenants permits the lender to demand repayment in full of all outstanding amounts. The Company does not have existing facilities or sufficient cash on hand to satisfy these obligations. It is also probable that the Company will not be in compliance with the same debt covenants at subsequent measurement dates within the next 12 months. As a result, all of the Company's long-term debt has been classified as current in its consolidated balance sheet. In order to satisfy future financial covenants in the Loan Agreement, the Company must efficiently increase utilization of its manufacturing capacity at its Stadco subsidiary and improve the manufacturing process such that direct labor hours (inputs) allow the Company to recognize more revenue over time (outputs) and improve job performance. The Company plans to closely monitor expenses and, if required, reduce operating costs and capital spending to enhance liquidity. If the Company is unable to achieve compliance in the future with the financial covenants in the Loan Agreement by making operational changes, it might alternatively seek additional waivers or forbearances from its lender prior to any covenant violation, or raise additional funds in one or more equity financing transactions. There can be no assurance that the Company would be able to obtain waivers or forbearances in a timely manner, on acceptable terms, or at all. The terms of any equity financing may adversely affect the holdings or the rights of stockholders, and the issuance of additional securities, or the possibility of such issuance, may cause the market price of the Company's common stock to decline. Going Concern The uncertainty associated with recurring operating losses at Stadco, the Revolver Loan renewal, the need for alternative financing, and compliance with debt covenants at subsequent measurement dates raise substantial doubt about the Company's ability to continue as a going concern for at least one year after the date the consolidated financial statements included in the Annual Report on Form 10-K are issued. The consolidated financial statements for the fiscal year ended March 31, 2026 were prepared on the basis of a going concern which contemplates that the Company will be able to realize assets and discharge liabilities in the normal course of business. Accordingly, they do not give effect to adjustments that would be necessary should the Company be required to liquidate assets. In order for the Company to continue operations beyond the next 12 months from the date of issuance of the financial statements and to be able to discharge its liabilities and commitments in the normal course of business, the Company must renew its Revolver Loan or seek alternative financing by September 15, 2026, mitigate recurring operating losses at its Stadco subsidiary, and efficiently increase utilization of its manufacturing capacity at Stadco and improve the manufacturing process. A full text copy of the Company's Form 10-K is available at https://tinyurl.com/yzjf3aeu. About TechPrecision TechPrecision Corporation is a custom manufacturer of precision, large-scale fabrication components and precision, large-scale machined metal structural components. The components that the Company manufactures are customer designed. The Company sells to customers in two main industry sections: defense and precision industrial markets. As of March 31, 2026, the Company had $32.27 million in total assets, $24.59 million in total liabilities, and $7.67 million in total stockholders' equity. TENTH PLACE: Hires May Potenza Baran & Gillespie as Counsel ----------------------------------------------------------- Tenth Place, LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire May Potenza Baran & Gillespie P.C. as its Chapter 11 counsel. The professional services the firm will render include, without limitation, preparation of pleadings and motions and conducting of examinations incidental to estate administration, advising Debtor of its rights, duties, and obligations under Chapter 11 of the Bankruptcy Code, taking any and all other necessary action incident to the proper preservation and administration of the Chapter 11 estate, advising Debtor in the formulation and presentation of a plan pursuant to Chapter 11 of the Bankruptcy Code, the disclosure statement and concerning any and all matters relating to the foregoing. The firm can be reached through: Grant L. Cartwright, Esq. $625 Andrew A. Harnisch, Esq. $625 Eric W. Moats, Esq. $550 Emma Smith, Esq. $330 Michelle Giordano, Paralegal $280 Associate Attorneys $515 The counsel currently holds $30,000 in retainer funds. As disclosed in the court filing, May Potenza Baran & Gillespie P.C. is disinterested, does not hold or represent an interest adverse to the estate, and will assist Debtor in carrying out Debtor's duties under Chapter 11. The firm can be reached through: Grant L. Cartwright, Esq. Andrew A. Harnisch, Esq. Eric W. Moats, Esq. Emma M. Smith, Esq. MAY, POTENZA, BARAN & GILLESPIE, P.C. 1850 North Central Avenue, Suite 1600 Phoenix, AZ 85004 Telephone: (602) 252-1900 Facsimile: (602) 252-1114 Email: gcartwright@maypotenza.com aharnisch@maypotenza.com emoats@maypotenza.com esmith@maypotenza.com About Tenth Place, LLC Tenth Place, LLC is a limited liability company engaged in real estate ownership, development, and investment activities. Tenth Place, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-05217) on May 26, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1 million and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Brenda K. Martin handles the case. The Debtor is represented by Grant L. Cartwright, Esq. of May, Potenza, Baran & Gillespie, P.C. TOLLANIS TECHNOLOGY: Aleida Molina Named Subchapter V Trustee ------------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Aleida Martinez Molina, Esq., as Subchapter V trustee for Tollanis Technology Solutions, Inc. Ms. Molina will be paid an hourly fee of $450 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Molina declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Aleida Martinez Molina, Esq. 2121 NW 2nd Avenue, Suite 201 Miami, FL 33127 Telephone: (305) 297-1878 Email: Martinez@subv-trustee.com About Tollanis Technology Solutions Inc. Tollanis Solutions Inc. is a Veteran-Owned Small Business based in Deerfield Beach, Florida. The company provides managed IT services, contact center solutions, healthcare credentialing, travel technology, digital transformation, and automation services. Tollanis Solutions serves customers in healthcare, government, travel, entertainment, retail and ecommerce, and manufacturing. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-18089) on June 19, 2026, with $183,304 in assets and $2,094,756 in liabilities. Stephen Smith, president, signed the petition. Chad Van Horn, Esq., at Van Horn Law Group, P.A. represents the Debtor as legal counsel. TRAVELERS XPRESS: Carol Fox Named Subchapter V Trustee ------------------------------------------------------ The Acting U.S. Trustee for Region 21 appointed Carol Fox of GlassRatner as Subchapter V trustee for Travelers Xpress Services, Inc. Ms. Fox will be paid an hourly fee of $450 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Fox declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Carol Fox GlassRatner 200 East Broward Blvd., Suite 1010 Fort Lauderdale, FL 33301 Tel: 954.859.5075 About Travelers Xpress Services Inc. Travelers Xpress Services, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-18156) on June 22, 2026, with $500,001 to $1 million in assets and liabilities. Judge Craig A. Pugatch presides over the case. TREE AND GARDEN: Hires Vilarino & Associates LLC as Legal Counsel ----------------------------------------------------------------- Tree and Garden Contactor Corp. seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to hire Vilarino & Associates, LLC, as legal counsel. The firm will render these services: (a) advise the Debtor with respect to its duties, powers, and responsibilities in this case under the laws of the United States and Puerto Rico in which it conducts its operations, does business, or is involved in litigation; (b) advise the Debtor in connection with a determination whether reorganization is feasible and, if not, helping it in the orderly liquidation of its assets; (c) assist the Debtor with respect to negotiations with creditors for the purpose of proposing and confirming a viable plan of reorganization; (d) prepare, on behalf of the Debtor, the necessary legal paper or documents; (e) appear before the Bankruptcy Court, or any court in which the Debtor asserts a claim interest or defense directly or indirectly related to this bankruptcy case; (f) perform such other legal services for the Debtor as may be required in these proceedings or in connection with the operation of/and involvement with its business; and (g) employ other professional services, if necessary. The firm will be paid at these rates: Javier Vilarino, Senior Attorney $375 per hour Associates $275 per hour Paralegals $150 per hour In addition, the firm will seek reimbursement for expenses incurred. The firm received a $15,000 retainer from the Debtor. Mr. Vilarino 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: Javier Vilarino, Esq. Vilarino & Associates, LLC P.O. Box 9022515 San Juan, PR 00902 Telephone: (787) 565-9894 About Tree and Garden Contactor Corp. Tree and Garden Contactor Corp. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D.P.R. Case No. 26-02552) on June 3, 2026, with assets of up to $50,000 and liabilities of between $500,001 and $1 million. Judge Enrique S. Lamoutte Inclan presides over the case. Javier Vilarino, Esq., at Vilarino & Associates, LLC represents the Debtor as legal counsel. TRINITY POOLS: Seeks to Hire Slate Accounting Group as Accountant ----------------------------------------------------------------- Trinity Pools, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ Slate Accounting Group as accountant. The firm will prepare the Debtor's weekly payroll, tax returns, and other business tax services. The firm will receive a flat fee of $1,695 per month for payroll and bookkeeping services. Michelle Polster, owner of Slate Accounting, 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: Michelle Polster Slate Accounting Group 32 Church Street Charleston, SC 29401 Telephone: (919) 928-4386 About Trinity Pools LLC Trinity Pools LLC is an Apex, North Carolina-based swimming pool contractor that provides pool design, in-ground pool installation, and pool maintenance services. The company installs concrete, fiberglass, vinyl, and container pools and also provides related work including decking, hardscaping, tile, coping, and interior finish installation. Trinity Pools & Spas offers maintenance services such as pool openings and closings, winterization, spa maintenance, one-time cleaning, water chemistry balancing, debris removal, and equipment inspection. The company serves communities in the greater Raleigh area, including Apex, Cary, Clayton, Durham, Garner, Morrisville, and Raleigh. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-02193) on May 14, 2026. In the petition signed by David Nelms, manager, the Debtor disclosed $165,750 in assets and $1,161,799 in liabilities. Judge David M. Warren oversees the case. George Mason Oliver, Esq., at The Law Offices of George Oliver, PLLC represents the Debtor as counsel. TRINSEO PLC: Gets Final OK to Obtain DIP Financing -------------------------------------------------- Trinseo PLC and its affiliated debtors received final approval from the U.S. Bankruptcy Court for the Southern District of Texas to obtain post-petition financing to fund operations during the bankruptcy cases. The final order, signed by Judge Alfredo Perez, authorized the Debtors to obtain a senior secured, superpriority, priming debtor-in-possession term loan facility consisting of: (i) new money commitments in an aggregate principal amount of up to $90 million of which $60 million was drawn following entry of the interim order, with the remaining undrawn amounts only to be available upon following entry of this final order; (ii) up to $120 million in an aggregate principal amount of prepetition OpCo revolver obligations (including accrued and unpaid interest thereon) automatically deemed "rolled up" and converted into a tranche of term loans under the OpCo DIP Facility; and (iii) up to $180 million in an aggregate principal amount of prepetition super-priority revolving loan obligations (including accrued and unpaid interest thereon), held by the OpCo DIP Lenders will be deemed "rolled up" and converted into a tranche of term loans under the OpCo DIP Facility. As protection, the DIP lenders will be granted valid, binding, enforceable, continuing, non-avoidable, and automatically and properly perfected security interests and liens on assets securing the DIP financing loans and an allowed superpriority administrative expense claim. The final order also authorized the Debtors to use the cash collateral of pre-bankruptcy secured creditors. As adequate protection, pre-bankruptcy secured creditors will be granted replacement security interest in and lien on the applicable collateral securing the DIP loans, subject and subordinate to the fee carveout and DIP liens. They are also entitled to an allowed administrative expense claim, subject to the carveout and DIP superpriority claims. The final order is available at http://urlcurt.com/u?l=rzHK9Jfrom PacerMonitor.com. About Trinseo PLC Trinseo PLC, headquartered in Wayne, Pa. -- https://www.trinseo.com/ -- is an international chemical and materials manufacturer specializing in plastics, latex binders, and synthetic rubber products. Its materials are used across industries such as automotive manufacturing, building and construction, electronics, and packaging, supporting a diversified industrial customer base worldwide. Trinseo PLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90115) on May 20, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 billion and $10 billion each. The Honorable Bankruptcy Judge Alfredo R. Perez handles the case. Latham & Watkins LLP is serving as Trinseo's legal advisor in the restructuring, supported by co-counsel Hunton Andrews Kurth LLP. The company also retained Centerview Partners LLC as investment banker and FTI Consulting as financial and communications advisor. Ernst & Young LLP as tax auditor and tax accountant and Kroll Restructuring Administration LLC as claims agent. Paul Hastings LLP and PJT Partners advised the Senior Secured Lenders. Gibson, Dunn & Crutcher LLP and Howley Law PLLC represent the OpCo 2028 Ad Hoc Group of lenders. Lazard Freres & Co. also represents the group. Gray Reed and Pallas Partners (US) LLP represent the Ad Hoc Group of Excluded OpCo Term Lenders. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Porter Hedges LLP represent an ad hoc group of holders of 7.625% Second Lien Senior Secured Notes due 2029. U.S. TELEPACIFIC: Obtains $73.6MM DIP Loan From Existing Lenders ---------------------------------------------------------------- Brianna Wilson of abfjournal reports that Nationwide managed services provider TPx Communications has signed a revised restructuring support agreement with its existing sponsor and lenders representing a substantial majority of its funded debt, paving the way for a balance sheet recapitalization that will significantly reduce debt and enhance the company's financial position. The transaction is designed to support future investment while building on TPx's improving earnings and cash flow. As part of the restructuring, TPx and certain affiliates filed voluntary Chapter 11 petitions in the Southern District of Texas. The company emphasized that it will continue serving customers without interruption and will maintain normal business operations while completing the court-supervised process, the report states. The restructuring is backed by commitments for DIP financing and exit financing from existing lenders, ensuring adequate liquidity throughout the Chapter 11 proceedings and following emergence. TPx is working with Sidley Austin, Portage Point Partners, PJT Partners, FTI Consulting, and Chief Restructuring Officer Steven Shenker, while the lender group is advised by Davis Polk & Wardwell, Haynes & Boone, and Guggenheim Securities, according to report. About U.S. Telepacific Corp. U.S. Telepacific Corp., doing business as TPx Communications, is an Austin, Texas-based managed communications services provider offering managed IT, unified communications, cybersecurity, networking, internet connectivity, cloud, and voice solutions to businesses across the United States. The company primarily serves small and mid-sized enterprises through a nationwide fiber and IP network, delivering integrated technology and communications services designed to support business operations. U.S. Telepacific Corp. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. 26-90625) on June 28, 2026. In its petition, the Debtor list assets of $500 million to $1 billion and liabilities of $1 billion to $10 billion. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Ishani Patel, Esq. of Sidley Austin LLP. The restructuring team also includes Triple P TRS, LLC and Steven Shenker as financial advisor and chief restructuring officer, PJT Partners, Inc. as investment banker, Katten Muchin Rosenman LLP as special counsel, and Kroll Restructuring Administration LLC as claims agent. UNIVERSAL AGAMI: Jolene Wee Named Subchapter V Trustee ------------------------------------------------------ The Acting U.S. Trustee for Region 4 appointed Jolene Wee of JW Infinity Consulting, LLC as Subchapter V trustee for Universal Agami Transit Inc. Ms. Wee will be compensated at $660 per hour. In addition, the Subchapter V trustee will receive reimbursement for work-related expenses incurred. Ms. Wee declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Jolene E. Wee JW Infinity Consulting, LLC 447 Broadway 2nd Fl #502 New York, NY 10013 Telephone: (929) 502-7715 Facsimile: (646) 810-3989 Email: jwee@jw-infinity.com About Universal Agami Transit Inc. Universal Agami Transit Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11457) on June 21, 2026. V&H HOLDINGS: Claims to be Paid from Business Operations -------------------------------------------------------- V&H Holdings, LLC filed with the U.S. Bankruptcy Court for the Northern District of Texas a Disclosure Statement in support of Plan of Reorganization dated June 23, 2026. The Debtor is a Texas limited liability company which is the current landlord and property manager to two real estate properties located at 2906 and 2908 McKinney Avenue in Dallas, Texas (the "Properties"). Prior to the formation of the Debtor, Lawrence Dupler ("Lawrence") owned and managed the Properties after owning and operating multiple businesses in the Uptown Area since 1989. Prior to owning the Properties, Lawrence had managed and maintained a building located at 2900 McKinney Avenue, Dalals, Texas ("2900 McKinney") since his father, Jerome Dupler, passed in 1998 to ensure his mother, Bertha Dupler, could maintain an income from 2900 McKinney after her husband passed and when she moved in early 2000 to California with her eldest divorced daughter, Gail Dupler, and two young sons, Scott and Andrew Dupler. The Debtor's current assets consist of (i) the Properties which the Debtor values at, at least, approximately $5,396,000.00; (ii) its counterclaim against the Bertha Trust in the amount of $507,720.12; (iii) cash on hand of $22,943.99; and (iv) the security deposit of its former tenant, the Standard Pour, at 2900 McKinney, of $29,195.54. The Debtor's Schedules reflect General Unsecured Claims between $4,391,541.18 to $1,516,015.18, but now adjusted for the absence of the Bertha Trust claim to $142,152.35. The Plan provides for the orderly payment of Allowed Claims through the Debtor's business operations, namely, the net revenues from the Properties. Under the Plan, holders of unpaid Administrative Claims, Professional Fee Claims, Priority Claims, and claims relating to U.S. Trustee Fees will be paid first unless an alternative agreement for payment has been reached with said holder of an Administrative Claim. Until satisfied as provided by this Plan, each Holder of an Allowed General Unsecured Claim shall receive, in full satisfaction, settlement, release, and discharge of and in exchange for such Claim, their pro rata share of the net revenues from the Properties over 36 months until paid in full. Creditors whose claims are less than $15,000.00 can elect to be paid the lesser of their Allowed Claim or $10,000.00 on the Effective Date. Under the Plan, Lawrence will retain his interest in the Debtor with the prohibition of payment of any distributions from the Debtor but he will continue to receive his monthly management fee of $10,000.00 until all Allowed Claims are paid in full. Class 3 consists of Allowed General Unsecured Claims. Each holder of an Allowed General Unsecured Claim shall receive full payment of their Allowed Claims as follows: pro rata share of the net revenues for thirty-six months until said Allowed General Unsecured Claims are paid in full. Allowed General Unsecured Claims under $15,000.00 may elect to receive either (a) $10,000 in full satisfaction of their Allowed General Unsecured Claim payable on the Effective Date or (b) the treatment for all other Allowed General Unsecured Claims. This Class is impaired. The Debtor contemplates payment in full of all Allowed Claims from cash on hand and from the revenues of the operations of its Properties. A full-text copy of the Disclosure Statement dated June 23, 2026 is available at https://urlcurt.com/u?l=ttTVDJ from PacerMonitor.com at no charge. Counsel to the Debtor: Patrick Schurr, Esq. Scheef & Stone, LLP 2600 Network Blvd., Suite 400 Frisco, TX 75034 Telephone: (214) 472-2100 Facsimile: (214) 472-2150 Email: Patrick.schurr@solidcounsel.com About V&H Holdings, LLC V&H Holdings, LLC's primary assets consist of commercial properties at 2906 and 2908 McKinney Avenue in Dallas, Texas 75204. V&H Holdings, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-30730) on February 23, 2026, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Lawrence Dupler as manager. Patrick J. Schurr, Esq. at SCHEEF & STONE, LLP represents the Debtor as counsel. VANGUARD CUSTOM: Court Extends Cash Collateral Access to July 26 ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Illinois entered a fifth interim order extending Vanguard Custom Woodwork Inc.'s authority to use cash collateral through July 26. Under the fifth interim order, the Debtor is permitted to use cash collateral for ordinary business expenses, including adequate protection payments to Huntington National Bank in accordance with the approved budget. The Debtor is allowed a variance of up to 10% per budget line item. Huntington claims a first-priority lien on substantially all of the Debtor's assets including cash. Other creditors including Amex Business, Capital Infusion, Dext Capital, Fox Funding Group, Headway Capital, Koverly, National Funding, and Olympus Business Funding may also assert interests in the cash collateral, though the Debtor does not concede the validity or priority of those claims. As adequate protection, Huntington is entitled to periodic cash payments as outlined in the budget. Additionally, Huntington and any other secured creditors will be granted replacement liens on post-petition assets of the same type and priority as their pre-petition collateral, but only to the extent of any decline in value caused by the Debtor's use of the cash collateral. The replacement liens do not extend to avoidance actions and their proceeds. The order preserves all parties' rights to challenge the validity or extent of any claims or liens and does not constitute any admission by the debtor. A further hearing on continued use of cash collateral is scheduled for July 22. The order is available at https://tinyurl.com/57xd7dkn About Vanguard Custom Woodwork Inc. Vanguard Custom Woodwork Inc. doing business as Valley Custom Woodwork, produces architectural millwork, custom cabinetry, casework, furniture, and surface solutions from its Belvidere, Illinois facility, serving luxury residential, commercial, healthcare, corporate, and multifamily housing markets. The company's operations integrate design collaboration, precision fabrication, and on-site installation to deliver tailored woodwork that meets client specifications and aesthetic goals, while also offering select consumer-ready products through online channels, reflecting a versatile approach across project scales and customer types. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-80416) on March 17, 2026. In the petition signed by Wojciech Wolny, president, the Debtor disclosed up to $10 million in both assets and liabilities. William J. Factor, Esq., at The Law Office of William J. Factor, Ltd. represents the Debtor as bankruptcy counsel. VINTAGE INVESTMENTS: Hires Neeleman Law Group as Legal Counsel -------------------------------------------------------------- Vintage Investments Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to hire Neeleman Law Group, P.C. as legal counsel. The firm's services include: (a) assisting the Debtor in the investigation of the financial affairs of the estate; (b) providing legal advice and assistance to the Debtor with respect to matters relating to the case and creditor distribution; (c) preparing all pleadings necessary for proceedings arising under the case; and (d) performing all necessary legal services for the estate in relation to the case. Neeleman Law Group, P.C. will receive compensation at $600 per hour for principals, $475 per hour for associates, and $250 per hour for paralegals. The Debtor also paid a retainer of $12,000. Neeleman Law Group, P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and does not hold an interest adverse to the Debtor or the estate, according to court filings. The firm can be reached at: Thomas D. Neeleman, Esq. Jennifer L. Neeleman, Esq. NEELEMAN LAW GROUP, P.C. 1403 8th Street Marysville, WA 98270 Telephone: (425) 212-4800 Facsimile: (425) 212-4802 E-mail: jennifer@neelemanlaw.com About Vintage Investments Inc. Vintage Investments Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wash. Case No. 26-11711) on May 21, 2026, listing $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Judge Timothy W Dore presides over the case. Thomas D Neeleman, Esq. at Neeleman Law Group PC serves as the Debtor's counsel. WALLACE FINANCE: Secured Party Sets Aug. 17 UCC Public Sale ----------------------------------------------------------- In accordance with applicable provisions of the Uniform Commercial Code as enacted in New York ("NYUCC"), Variant Alternative Income Fund ("Secured Party"), a Delaware statutory trust, will sell certain collateral, including without limitation, loans Wallace Finance LLC and Wallace Management Co. LLC originated that are subject to a participation agreement with Bundled Up LLC, all contracts, agreements and documents relating exclusively or primarily to such loans and all proceeds and products of the foregoing and all accessions to, substitutions and replacements for, and rents and profits of, each of the foregoing, (the "Collateral") at a public sale in accordance with the NYUCC. The sale will take place at 3:00 p.m. EDT on August 17, 2026, via Zoom, as well as in person at Kleinberg, Kaplan, Wolff & Cohen, P.C. located at 500 Fifth Avenue, 38th Floor, New York, New York 10110, Attention: Mary Kuan, Esq. Remote log-in credentials will be provided to registered bidders upon request. The Collateral will be sold to the highest Qualified Bidder, as that term is defined in the Terms of Sale attached to the Notice of Disposition, dated May 29, 2026; provided, however, that Secured Party reserves the right, in accordance with the NYUCC, prior to the auction date to cancel the sale in its entirety, or to adjourn the sale to a future date, or to or modify, waive or amend any terms or conditions of the auction or impose any other terms or conditions on the auction and, if Secured Party, or an affiliate of Secured Party, deems appropriate, to reject any or all bids or to continue the auction to such time and place as Secured Party, or an affiliate of Secured Party, in its sole and absolute discretion, may deem fit. The sale will be conducted by Mannion Auctions, LLC, by Matthew D. Mannion, Auctioneer, with an office at 299 Broadway, Suite 1601, New York, New York 10007. The Collateral will be sold as a block and will not be divided or sold in any lesser amounts. Interested parties that intend to bid on the Collateral should contact Secured Party's counsel, Mary Kuan, Esq. at (212) 880- 9833 or mkuan@kkwc.com to receive the Terms of Sale (which are also attached to the Notice of Disposition) and bidding instructions. Upon execution of a Terms of Access and Non-Disclosure Agreement, in a form to be provided by counsel for Secured Party, additional documentation and information will be available. Interested parties that are not Qualified Bidders, as that term is defined in the Terms of Sale, and who are not interested in bidding at least $10,000,000 will not be permitted to enter a bid. WALLACE STEGNER: S&P Rates 2026 Charter School Revenue Bonds 'BB+' ------------------------------------------------------------------ S&P Global Ratings assigned its 'BB+' long-term rating to the Utah Charter School Finance Authority's proposed $59 million series 2026 charter school revenue bonds to be issued for Wallace Stegner Academy (WSA). At the same time, S&P Global Ratings affirmed its 'BB+' long-term rating on WSA's series 2022 charter school revenue bonds. The outlook is stable. The stable outlook reflects S&P's expectation that WSA will hit enrollment targets over the outlook period such that it generates at least breakeven operations and improves lease-adjusted MADS coverage. Furthermore, the outlook reflects the expectation that WSA will continue to strengthen its liquidity position and not issue additional debt. S&P could consider a negative rating action if the school does not execute its expansion growth plans or demonstrates a trend of declining liquidity, deficit operations, or below 1x lease-adjusted MADS coverage. Furthermore, the rating could be pressured should WSA issue additional debt or enter into additional lease agreements. S&P said, "Given the school's high leverage and need to grow into its debt, we consider a positive rating action unlikely over the outlook period. We could consider such an action over a longer time frame if WSA completes its expansion with enrollment growth while strengthening lease-adjusted MADS coverage and liquidity." WEST MARINE: Hires Hilco Real Estate as Real Estate Consultant -------------------------------------------------------------- West Marine, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Hilco Real Estate, LLC as real estate consultant and advisor. The firm will render these services: (a) meet with the Debtors to ascertain their goals, objectives, and financial parameters; (b) mutually agree with the Debtors with respect to a strategic plan for restructuring, extending the term of, or shortening the term of the leases; (c) on the Debtors' behalf, negotiate the terms of restructuring; (d) provide the Debtors with weekly lease status reports, and meet periodically with their management regarding the status of such negotiations; (e) at the Debtors' direction, provide key updates and strategic information on their behalf to their key advisors, lawyers, lenders, and other interested parties to assist them in obtaining cooperation needed to complete the services; and (f) assist the Debtors in closing pertinent restructuring and/or sale agreements for the leases. The firm will be paid at these fees: (a) Restructuring - For each lease that becomes a Restructured Lease, Hilco shall earn a fee equal to a base fee of $1,500 plus 3.5 percent of the Restructured Lease Savings; (b) Term Extension - For each lease that becomes a Term Extended Lease, Hilco shall earn a fee equal to the Term Extended Lease Fee, which Term Extended Lease Fee shall be paid in a lump sum upon closing of the transaction that has the effect of extending the term of such lease. (c) Termination or term shortening - shall be paid in a lump sum upon closing of the transaction that provides the Company with an early termination right or has the effect of terminating or otherwise shortening the term of such lease. (d) Sales - For each Lease that becomes a Sold Lease, Hilco shall earn a fee in an amount equal to 5 percent of any cash value or other value paid to the Company for the Lease; (e) Free and Clear - All fees payable to Hilco under the Services Agreement shall be free and clear of any liens, claims and encumbrances. Eric Kaup, a chief commercial officer at Hilco Real Estate, 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: Eric W. Kaup Hilco Real Estate, LLC 5 Revere Drive, Suite 410 Northbrook, IL 60062 About West Marine Inc. West Marine Inc. is a U.S.-based marine retail company specializing in boating, fishing and marine maintenance products. Established in 1968, the company operates one of the country's largest networks of boating supply stores, offering products ranging from marine electronics and navigation tools to fishing accessories, apparel and safety equipment. West Marine Inc. and certain of its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10794) on May 17, 2026. In its petition, the Debtor reported estimated total assets of $500 million to $1 billion and estimated liabilities of $500 million to $1 billion. The petition was signed by Paulee Day as chief executive officer. The Debtors' restructuring counsel is Young Conaway Stargatt Taylor, LLP and their co-bankruptcy counsel is Kirkland & Ellis LLP. The Debtors tapped Triple P Securities, LLC as their investment banker. FTI Consulting Inc. is the Debtors' restructuring advisor. The Debtors' claims and noticing agent is Kurtzman Carson Consultants LLC dba Verita Global. Hilco Merchant Resource LLC and Hilco Real Estate LLC are the Debtors' real estate advisor and liquidator. WEST MARINE: Hires Young Conaway Stargatt & Taylor as Co-Counsel ---------------------------------------------------------------- West Marine, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Young Conaway Stargatt & Taylor, LLP as co-counsel. The firm will provide these services: (a) provide legal advice with respect to the Debtors' powers and duties; (b) review and prepare documents in connection with and pursue approval of a disclosure statement and confirmation of a plan; (c) review and prepare, on behalf of the Debtors, necessary legal papers; (d) appear in Court and protect the interests of the Debtors before the Court; (e) advise the Debtors on corporate, bankruptcy, litigation, and other matters; (f) perform various services in connection with the administration of these Chapter 11 cases; and (g) perform all other legal services assigned by the Debtors, in consultation with Kirkland & Ellis, to Young Conaway as co-counsel to the Debtors; to the extent the firm determines that such services fall outside of the scope of services historically or generally performed by Young Conaway as co-counsel in a bankruptcy proceeding, Young Conaway will file a supplemental declaration pursuant to Bankruptcy Rule 2014. The firm's counsel and staff will be paid at these hourly rates: Michael Nestor, Partner $1,550 Kara Hammond Coyle, Partner $1,185 Michael Neiburg, Partner $1,175 Lauren McCrery, Partner $975 Leah Burcat, Associate $975 Craig Rushmore, Associate $780 Shella Borovinskaya, Associate $715 Kristin Cardoza, Associate $680 Roger Sharp, Associate $600 Joshua Hall, Associate $600 Amber Zelko, Associate $600 James Diver, Associate $585 Troy Bollman, Paralegal $400 In addition, the firm will seek reimbursement for expenses incurred. The firm received an initial retainer payment in the amount of $50,000 on March 23, 2026, which was thereafter supplemented in the amount of $250,000 on April 24, 2026, $75,000 on May 13, 2026, and $150,000 in May 15, 2026. Mr. Coyle 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: Kara Hammond Coyle, Esq. Young Conaway Stargatt & Taylor, LLP Rodney Square, 1000 North King Street Wilmington, DE 19801 Telephone: (302) 571-6600 Facsimile: (302) 571-1253 About West Marine Inc. West Marine Inc. is a U.S.-based marine retail company specializing in boating, fishing and marine maintenance products. Established in 1968, the company operates one of the country's largest networks of boating supply stores, offering products ranging from marine electronics and navigation tools to fishing accessories, apparel and safety equipment. West Marine Inc. and certain of its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10794) on May 17, 2026. In its petition, the Debtor reported estimated total assets of $500 million to $1 billion and estimated liabilities of $500 million to $1 billion. The petition was signed by Paulee Day as chief executive officer. The Debtors' restructuring counsel is Young Conaway Stargatt Taylor, LLP and their co-bankruptcy counsel is Kirkland & Ellis LLP. The Debtors tapped Triple P Securities, LLC as their investment banker. FTI Consulting Inc. is the Debtors' restructuring advisor. The Debtors' claims and noticing agent is Kurtzman Carson Consultants LLC dba Verita Global. Hilco Merchant Resource LLC and Hilco Real Estate LLC are the Debtors' real estate advisor and liquidator. WEST MARINE: Seeks Court Approval to Tap PwC US Tax as Tax Advisor ------------------------------------------------------------------ West Marine, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ PwC US Tax LLP tax advisor. The firm's services include: (a) Tax Restructuring Engagement Letter Services: (i) prepare or comment on calculations which illustrate certain U.S. federal income tax effects of the proposed Restructuring Plan; (ii) prepare or comment on federal income tax analyses relating to cancellation of debt income; (iii) prepare or comment on asset tax basis calculations; (iv) prepare or comment on stock tax basis calculations; (v) with Marine One's input and involvement, prepare a slide deck that overviews certain U.S. federal income tax consequences of the Restructuring Plan for Marine One's consideration, review and approval for Marine One's use in evaluating the steps necessary to execute Marine One's plan; (vi) prepare technical memoranda, opinions, or other similar tax technical analysis regarding mutually agreed tax issues of the Restructuring Plan; (vii) prepare ownership change analysis under Internal Revenue Code ("IRC") Section 382, Section 382 limitation calculations, and net unrealized built-in gain or loss analysis; (viii) comment on transaction cost analysis for transaction fees related to the Restructuring Plan; (ix) participate in meetings as Marine One's tax advisor; (x) gain an understanding of Marine One's intercompany debt and consider the income tax implications of maintaining or eliminating such debt; (xi) read and comment on tax matters with respect to the Restructuring Plan legal agreements; (xii) advise Marine One in evaluating certain state and local tax matters related to the Restructuring Plan, analyzing certain U.S. state and local income tax consequences of the Restructuring Plan and/or U.S. state and local transfer taxes relating to the Restructuring Plan; (xiii) advise Marine One in evaluating certain non-U.S. tax matters relating to the Restructuring Plan; and (xiv) other U.S. federal, state and local, and non-U.S. tax consulting, advice, research, planning, and analysis as requested from time to time by Marine One and agreed to by PwC US Tax in writing. (b) Tax Compliance: (i) Indirect Tax Compliance: (1) if necessary, structure Debtor West Marine Products, Inc. ("West Marine Products") monthly tax compliance data into a format compatible with PwC US Tax's compliance software; (2) prepare annual sales and use tax prepayment calculations and schedules, for West Marine Products' review and approval; (3) prepare state and local sales and use tax returns, for West Marine Products' review and approval; (4) as part of preparing the Returns, PwC US Tax will review the compliance data provided by West Marine Products. PwC US Tax will notify West Marine Products of material exceptions identified due to incorrect or missing data elements, for West Marine Products' resolution. Materiality will be determined by West Marine Products and West Marine Products will notify PwC US Tax of the materiality threshold to apply to the Returns; (5) submit prepared Returns to West Marine Products for West Marine Products' review, approval, and subsequent filing with the appropriate taxing jurisdictions as follows: (a) for those jurisdictions that require returns to be filed electronically, PwC US Tax will facilitate the electronic filing of PwC-US Tax prepared Returns with the appropriate taxing jurisdiction(s) provided West Marine Products provides advanced specific authorization; (b) for those jurisdictions that require or permit paper filing, West Marine Products will be responsible for filing the Returns prepared by PwC US Tax and for making any related payments. (6) as requested by West Marine Products, assist with correspondence received from the various taxing jurisdictions for the Returns filed; (7) as part of preparing the Returns, PwC US Tax will inform West Marine Products if it comes to our attention that either sales tax was collected or use tax was accrued in a jurisdiction where West Marine Products has not previously filed; (8) assist West Marine Products with the following tasks each month: (a) provide proposed modifications, as needed, and to West Marine Products' current sales and use tax filing calendar, for West Marine Products' review and approval; (b) communicate with West Marine Products regarding the agreed-upon tax compliance timeline so that each of the responsible parties is aware of commitments for timely filings; (c) participate in update calls with relevant West Marine Products and PwC US Tax personnel (frequency to be determined by the West Marine Products team); (d) assist with file formatting and layout required to transfer monthly sales and use tax liability data to the appropriate taxing jurisdictions. Any modifications other than those necessary for compatibility with PwC US Tax's compliance software will require West Marine Products' review and approval prior to filing; (e) provide West Marine Products with a summary schedule of Returns to be filed and amounts to be paid subject to West Marine Products' review and approval; (f) work with West Marine Products to resolve sales and use tax notices related to PwC US Tax's filings; and (g) respond to technical sales and use tax questions regarding the tax compliance process from members of West Marine Products team. (9) upon from West Marine Products, prepare drafts sales and use tax registrations or sales and use tax registration updates for West Marine Products. (ii) Ad Hoc Consulting: From time to time, West Marine Products may request PwC US Tax to provide services in connection with sales and use tax matters. Subject to PwC US Tax's acceptance. PwC US Tax will provide services necessary to respond to matters presented to PwC US Tax by West Marine Products, or matters PwC US Tax brings to the attention of West Marine Products for which West Marine Products agrees PwC US Tax should provide assistance. (1) PwC US Tax will provide advice and answers to questions on sales and use tax matters. (2) PwC US Tax will provide advice and/or assistance with respect to matters involving sales and use tax audits/other sales tax matters on an as-needed or as-requested basis. (c) Tax Consulting: West Marine Products is engaging PwC US Tax to provide the following services: (i) advise West Marine Products as West Marine Products determines procedures to recoup sales and use tax overpayments in jurisdictions where West Marine Products has identified an overpayment issue. West Marine Products will retain all decision-making authority and responsibility for processing, requesting, and collecting overpayments. (ii) prepare state and local sales and use tax amended returns or sales and use tax refund/credit claims, depending on the jurisdiction and West Marine Products' decision, for West Marine Products' review and approval. As part of preparing the Amended Returns, PwC US Tax will submit prepared Amended Returns to West Marine Products for West Marine Products' review, approval, and subsequent filing with the appropriate taxing jurisdictions as follows: (1) for those jurisdictions that require returns to be filed electronically, PwC US Tax will facilitate the electronic filing of PwC US Tax prepared Amended Returns with appropriate taxing jurisdiction(s) provided West Marine provides advance specific authorization; (2) for those jurisdictions that require or permit paper filing, West Marine Products will be responsible for filing the Amended Returns prepared by PwC US Tax and for making any related payments. (iii) as requested by West Marine Products, assist with correspondence received from the various taxing jurisdictions for the Amended Returns filed. (iv) analyze West Marine Products-drafted memo to assess tax technical aspects for sales and use tax audit purposes. The firm will be paid at these fees: (a) Tax Restructuring: Hourly fee arrangement, exclusive of expenses, utilizing the rates below. Pre-petition the Debtors paid PwC US Tax a total retainer of $250,000, of which $220,355.50 remains as of the Petition Date to be applied against the allowed post-petition fees and expenses: Partner/Principal $987 - $1,260 Managing Director $835 - $1,148 Director $751 - $1,136 Senior Manager $719 - $1,080 Manager $641 - $1,049 Senior Associate $546 - $900 Associate $431 - $780 (b) Tax Compliance: (i) The Indirect Tax Compliance Services: By month, by report and by hourly fee arrangement,5 exclusive of expenses, as set forth below, utilizing the following rates: (1) Monthly Data Review and Normalization Fee - $2,000 per month; (2) Sales and Use Tax return Preparation Fee - $50 per return; (3) Sales and Use Tax Registration - hourly rates; (4) Notice Support - hourly rates; (5) One-Time Any bill Credit - $5,000 total credit 50 percent of the credit will be issued on the first invoice and 50 percent of the credit will be issued on the second invoice. Partner/Principal $620 Director $492 Senior Manager $482 Manager $442 Senior Associate $367 Associate $271 (iii) Ad-Hoc Consulting Services Fee: hourly fee arrangement, exclusive of expenses, utilizing the rates below. Partner/Principal $607 Director $479 Senior Manager $469 Manager $426 Senior Associate $353 Associate $274 (c) Tax Consulting: Hourly and by return fee arrangement, exclusive expenses, as set forth below, utilizing the rates: (1) Overpayment Procedure review - hourly rates, with a fee cap of $20,000; (2) Sales and Use Tax Amended Return - 50 per return; (3) Sales and Use Tax Amended Return Data preparation Fee - hourly rates, with a fee cap of $10,000; (4) Sales and Use Tax Refund Claim - hourly rates; (5) Review and Client-drafted memo - hourly rates, with a fee of $10,000. Partner/Principal $620 Director $492 Senior Manager $482 Manager $442 Senior Associate $367 Associate $271 As of the Petition Date, PwC US Tax was owed $24,774.58 on account of pre-petition services that PwC US Tax performed for the Debtors. Upon approval of PwC US Tax's retention in these chapter 11 cases, PwC US Tax has agreed to waive such unpaid pre-petition amounts owed by the Debtors. In the 90 days prior to the Petition Date, PwC US Tax was paid $255,855.12, of which $250,000 was on account of pre-petition retainers for services performed or to be performed and $5,855.12 was for non-retainer payments on account of pre-petition services performed for the Debtors. Adam Furst, a principal at PwC US Tax, 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: Adam Furst PwC US Tax LLP 300 Madison Avenue New York, NY 10017 Telephone: (646) 471-4000 About West Marine Inc. West Marine Inc. is a U.S.-based marine retail company specializing in boating, fishing and marine maintenance products. Established in 1968, the company operates one of the country's largest networks of boating supply stores, offering products ranging from marine electronics and navigation tools to fishing accessories, apparel and safety equipment. West Marine Inc. and certain of its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10794) on May 17, 2026. In its petition, the Debtor reported estimated total assets of $500 million to $1 billion and estimated liabilities of $500 million to $1 billion. The petition was signed by Paulee Day as chief executive officer. The Debtors' restructuring counsel is Young Conaway Stargatt Taylor, LLP and their co-bankruptcy counsel is Kirkland & Ellis LLP. The Debtors tapped Triple P Securities, LLC as their investment banker. FTI Consulting Inc. is the Debtors' restructuring advisor. The Debtors' claims and noticing agent is Kurtzman Carson Consultants LLC dba Verita Global. Hilco Merchant Resource LLC and Hilco Real Estate LLC are the Debtors' real estate advisor and liquidator. WEST MARINE: Seeks to Hire FTI Consulting as Restructuring Advisor ------------------------------------------------------------------ West Marine, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ FTI Consulting, Inc. as restructuring advisor. The firm's services include: (a) provide Amir Agam as Interim Vice President (IVP) to assist the Debtors' management team during the restructuring process; (b) assist the Debtors regarding case strategy and financial and cash flow modeling; (c) assist the Debtors with court-required forms and court motions, accounting cut-off and bankruptcy process planning, and coordinating with other professionals and the company on operational readiness; (d) assist the Debtors with strategic communications involving external (customers, vendors, landlords, public) and internal (employee) parties-in-interest; (e) assist the Debtors in the preparation of financial related disclosures required by the Court; (f) assist the Debtors with information and analyses required pursuant to the Debtors' cash collateral usage; (g) assist the Debtors with the identification and implementation of short-term cash management procedures; (h) assist the Debtors with the identification of executory contracts and leases and performance of cost/benefit evaluations with respect to the assumption or rejection of each; (i) assist the Debtors in the preparation of financial information for distribution to creditors and others; (k) attend meetings, as necessary, and assist in discussions with potential investors, banks and other lenders, the committee, the U.S. Trustee, other parties in interest, and each of the foregoing's respective professionals, as requested; (l) assist the Debtors in the preparation of information and analysis necessary for the confirmation of a plan in these Chapter 11 cases; and (m) render such other general business consulting or such other assistance as Debtors' management or counsel may deem necessary that are consistent with the role played by FTI in this matter and not duplicative of services provided by other professionals in these proceeding. The firm will be paid at these hourly rates: Senior Managing Director $1,230 - $1,580 Director/Senior Director/Managing Director $940 - $1,195 Consultant/Senior Consultant $450 - $850 Administrative/Paraprofessional $195 - $395 In addition, the firm will seek reimbursement for expenses incurred. In the 90 days prior to the Petition Date, the Debtors paid FTI in the ordinary course actual or estimated to be incurred fees and expenses in the amount of $1,842,531.25, inclusive of an advance payment retainer. Amir Agam, a senior managing director at FTI Consulting, 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: Amir Agam FTI Consulting, Inc. 555 12th Street NW Washington, DC 2000 Telephone: (202) 312-9100 About West Marine Inc. West Marine Inc. is a U.S.-based marine retail company specializing in boating, fishing and marine maintenance products. Established in 1968, the company operates one of the country's largest networks of boating supply stores, offering products ranging from marine electronics and navigation tools to fishing accessories, apparel and safety equipment. West Marine Inc. and certain of its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10794) on May 17, 2026. In its petition, the Debtor reported estimated total assets of $500 million to $1 billion and estimated liabilities of $500 million to $1 billion. The petition was signed by Paulee Day as chief executive officer. The Debtors' restructuring counsel is Young Conaway Stargatt Taylor, LLP and their co-bankruptcy counsel is Kirkland & Ellis LLP. The Debtors tapped Triple P Securities, LLC as their investment banker. FTI Consulting Inc. is the Debtors' restructuring advisor. The Debtors' claims and noticing agent is Kurtzman Carson Consultants LLC dba Verita Global. Hilco Merchant Resource LLC and Hilco Real Estate LLC are the Debtors' real estate advisor and liquidator. WEST MARINE: Seeks to Hire Kirkland & Ellis as Bankruptcy Counsel ----------------------------------------------------------------- West Marine, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Kirkland & Ellis LLP and Kirkland & Ellis International LLP as counsel. The firm will provide the following services: (a) advise the Debtors with respect to their powers and duties in the continued management and operation of their businesses and properties; (b) advise and consult on the conduct of these Chapter 11 cases; (c) attend meetings and negotiate with representatives of creditors and other parties in interest; (d) take all necessary actions to protect and preserve the Debtors' estates; (e) prepare pleadings in connection with these Chapter 11 cases; (f) represent the Debtors in connection with obtaining authority to continue using cash collateral and post-petition financing; (g) advise the Debtors in connection with any potential sale of assets; (h) appear before the Court and any appellate courts to represent the interests of the Debtors' estates; (i) advise the Debtors regarding tax matters; (j) take any necessary action on behalf of the Debtors to negotiate, prepare, and obtain approval of a disclosure statement and confirmation of a Chapter 11 plan and all documents related thereto; and (k) perform all other necessary legal services for the Debtors in connection with the prosecution of these Chapter 11 cases. The firm will be paid at these hourly rates: Partners $1,395 - $2,975 Of Counsel $875 - $2,495 Associates $821 - $1,775 Paraprofessionals $385 - $775 In addition, the firm will seek reimbursement for expenses incurred. On April 23, 2026, the Debtors paid the firm a special purpose retainer of $300,000. Matthew Fagen, Esq., a partner a Kirkland & Ellis and Kirkland & Ellis International, also provided the following in response to the request for additional information set forth in Section D of the Revised U.S. Trustee Guidelines: Question: Did Kirkland agree to any variations from, or alternatives to, Kirkland's standard billing arrangements for this engagement? Answer: No. Question: Do any of the Kirkland professionals in this engagement vary their rate based on the geographic location of the Debtors' Chapter 11 cases? Answer: No. Question: If Kirkland has represented the Debtors in the 12 months prepetition, disclose Kirkland's billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If Kirkland's billing rates and material financial terms have changed post-petition, explain the difference and the reasons for the difference. Answer: Kirkland's current hourly rates for services rendered on behalf of the Debtors range as follows: Partners $1,395 - $2,975 Of Counsel $875 - $2,495 Associates $821 - $1,775 Paraprofessionals $385 - $775 Kirkland represented the Debtors from May 17, 2025, to December 31, 2025 using the hourly rates listed below: Partners $1,295 - $2,675 Of Counsel $875 - $2,245 Associates $785 - $1,625 Paraprofessionals $355 - $705 Question: Have the Debtors approved Kirkland's budget and staffing plan, and, if so, for what budget period? Answer: Yes, for the period from May 17, 2026 through August 20, 2026. Mr. Fagen 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: Matthew C. Fagen, Esq. Kirkland & Ellis LLP 601 Lexington Avenue New York, NY 10022 Telephone: (212) 446-4800 Facsimile: (212) 446-4900 Email: matthew.fagen@kirkland.com About West Marine Inc. West Marine Inc. is a U.S.-based marine retail company specializing in boating, fishing and marine maintenance products. Established in 1968, the company operates one of the country's largest networks of boating supply stores, offering products ranging from marine electronics and navigation tools to fishing accessories, apparel and safety equipment. West Marine Inc. and certain of its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10794) on May 17, 2026. In its petition, the Debtor reported estimated total assets of $500 million to $1 billion and estimated liabilities of $500 million to $1 billion. The petition was signed by Paulee Day as chief executive officer. The Debtors' restructuring counsel is Young Conaway Stargatt Taylor, LLP and their co-bankruptcy counsel is Kirkland & Ellis LLP. The Debtors tapped Triple P Securities, LLC as their investment banker. FTI Consulting Inc. is the Debtors' restructuring advisor. The Debtors' claims and noticing agent is Kurtzman Carson Consultants LLC dba Verita Global. Hilco Merchant Resource LLC and Hilco Real Estate LLC are the Debtors' real estate advisor and liquidator. WEST MARINE: Seeks to Tap Triple P Securities as Investment Banker ------------------------------------------------------------------ West Marine, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Triple P Securities, LLC as investment banker. The firm will provide the following services: (a) review and analyze the Debtors' business, operations, and financial projections; (b) evaluate the Debtors' potential debt capacity in light of their projected cash flows; (c) assist in the determination of a capital structure for the Debtors; (d) assist in the determination of a range of values for the Debtors on a going-concern basis; (e) advise the Debtors on tactics and strategies for negotiating with the stakeholders; (f) render financial advice to the Debtors and participate in meetings or negotiations with the stakeholders and/or rating agencies or other appropriate parties in connection with any restructuring, sale transaction and/or financing; (g) advise the Debtors on the timing, nature, and terms of new securities, other consideration or other inducements to be offered pursuant to any restructuring; (h) advise and assist the Debtors in evaluating any potential financing by them, and, on behalf of them, contacting potential sources of capital as they may designate and assist them in implementing such financing; (i) assist the Debtors in preparing documentation within Portage Point's area of expertise that is required in connection with any restructuring, sale transaction and/or financing; (j) assist the Debtors in identifying and evaluating candidates for any potential sale transaction, advise the Debtors in connection with negotiations and aid in the consummation of any sale transaction; (k) attend meetings of the board of directors (or similar governing body) of the Debtors with respect to matters on which Portage Point has been engaged to advise; (l) assist and advise the Debtors in connection with proposals, bids and agreements received from any liquidating agent relating to the sale, liquidation and disposition of their assets; (m) provide testimony, as necessary, with respect to matters on which Portage Point has been engaged to advise in any proceeding in a case under the Bankruptcy Code; and (n) assist with such other matters as may be requested in writing by the Debtors that are within Portage Point's expertise and otherwise mutually agreeable to them and Portage Point. The firm will be paid at these fees: (a) Monthly Fee of $75,000; (b) Restructuring Fee of $1,500,000; (c) Sale Transaction Fee - incorporating all or a majority of the Debtors' assets or all or a majority of or a controlling interest in their equity securities, Portage Point shall be paid a fee equal to $1,500,000 plus 3 percent of the Aggregate Consideration; (d) Financing Fee: (i) 1 percent of any senior secured debt financing or government financing, plus; (ii) 1 percent of any "debtor-in-possession" financing, plus; (iii) 3 percent of any junior secured or unsecured debt financing, plus; (iv) 5 percent of any equity, equity-linked or equity-stapled, or similarly bundled equity financing. In addition, the firm will seek reimbursement for expenses incurred. During the 90-day period prior to the petition date, Portage Point was paid in the ordinary course certain fees and expenses. Specifically, Portage Point was paid $150,000 on account of its April and May Monthly Fees, each in the amount of $75,000, $11,277.13 as an expense reimbursement, and $2,371.87 as an expense advance. Steven Bremer, a managing director at Triple P Securities, 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 Bremer Triple Securities, LLC 640 Fifth Avenue, 10th Floor New York, New York 10019 About West Marine Inc. West Marine Inc. is a U.S.-based marine retail company specializing in boating, fishing and marine maintenance products. Established in 1968, the company operates one of the country's largest networks of boating supply stores, offering products ranging from marine electronics and navigation tools to fishing accessories, apparel and safety equipment. West Marine Inc. and certain of its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10794) on May 17, 2026. In its petition, the Debtor reported estimated total assets of $500 million to $1 billion and estimated liabilities of $500 million to $1 billion. The petition was signed by Paulee Day as chief executive officer. The Debtors' restructuring counsel is Young Conaway Stargatt Taylor, LLP and their co-bankruptcy counsel is Kirkland & Ellis LLP. The Debtors tapped Triple P Securities, LLC as their investment banker. FTI Consulting Inc. is the Debtors' restructuring advisor. The Debtors' claims and noticing agent is Kurtzman Carson Consultants LLC dba Verita Global. Hilco Merchant Resource LLC and Hilco Real Estate LLC are the Debtors' real estate advisor and liquidator. WEST MARINE: Seeks to Tap Verita Global as Administrative Advisor ----------------------------------------------------------------- West Marine, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Kurtzman Carson Consultants, LLC, doing business as Verita Global, as administrative advisor. The firm's services include: (a) assist with, among other things, the preparation of the Debtors' schedules of assets and liabilities, schedules of executory contracts and unexpired leases and statements of financial affairs; (b) assist with, among other things, solicitation, balloting, tabulation and calculation of votes, as well as prepare any appropriate reports required in furtherance of confirmation of any Chapter 11 plan; (c) generate an official ballot certification and testify, if necessary, in support of the ballot tabulation results for any Chapter 11 plan(s) in these cases; (d) generate, provide and assist with claims objections, exhibits, claims reconciliation and related matters; and (e) provide such other claims processing, noticing, solicitation, balloting and administrative services described in the Engagement Agreement, but not included in the Section 156(c) Application, as may be requested by the Debtors from time to time. Prior to the Petition Date, the Debtors provided Verita a retainer in the amount of $50,000. Evan Gershbein, an executive vice president at Verita, 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: Evan Gershbein Verita Global 222 N. Pacific Coast Highway, 3rd Floor El Segundo, CA 90245 About West Marine Inc. West Marine Inc. is a U.S.-based marine retail company specializing in boating, fishing and marine maintenance products. Established in 1968, the company operates one of the country's largest networks of boating supply stores, offering products ranging from marine electronics and navigation tools to fishing accessories, apparel and safety equipment. West Marine Inc. and certain of its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10794) on May 17, 2026. In its petition, the Debtor reported estimated total assets of $500 million to $1 billion and estimated liabilities of $500 million to $1 billion. The petition was signed by Paulee Day as chief executive officer. The Debtors' restructuring counsel is Young Conaway Stargatt Taylor, LLP and their co-bankruptcy counsel is Kirkland & Ellis LLP. The Debtors tapped Triple P Securities, LLC as their investment banker. FTI Consulting Inc. is the Debtors' restructuring advisor. The Debtors' claims and noticing agent is Kurtzman Carson Consultants LLC dba Verita Global. Hilco Merchant Resource LLC and Hilco Real Estate LLC are the Debtors' real estate advisor and liquidator. WEST MARINE: Unsecured Creditors Will Get 0.2% to 0.3% in Plan -------------------------------------------------------------- West Marine, Inc., submitted a Disclosure Statement describing Amended Joint Plan of Reorganization dated June 23, 2026. The Plan contemplates either (a) a standalone recapitalization of the Company's balance sheet or (b) a sale of some, all, or substantially all of the Debtors' Assets pursuant to a Sale Transaction. The Debtors commenced these Chapter 11 Cases with the support of holders of 100% of outstanding FILO Claims under the ABL Credit Agreement (collectively, the "Consenting FILO Lenders"), holders of 96.2% of Term Loan Claims under the Term Loan Credit Agreement (which support has since increased to approximately 98.6%, collectively, the "Consenting Term Loan Lenders," and, together with the Consenting FILO Lenders, the "Consenting Lenders"), and certain equity holders holding 93.9% of outstanding Interests in West Marine (which support has since increased to approximately 96.3%, the "Consenting Equity Holders," and, together with the Consenting Lenders, the "Consenting Stakeholders") to implement the restructuring transactions embodied in that certain restructuring support agreement executed on May 17, 2026 (the "RSA") and the Plan to maximize the value of the Debtors' Estates. The RSA also contemplates the payment of a pro rata share of $250,000 ("GUC Cash") to Holders of Allowed General Unsecured Claims if Class 6 votes to accept the Plan; provided that in the event of a Sale Transaction, Holders of Allowed General Unsecured Claims would receive their pro rata share of any Distributable Value following full payment or satisfaction, as applicable, of Claims in Classes 1, 2, 3, 4, and 5 to the extent greater than the GUC Cash. The proposed Plan contemplates that the Debtors will pursue a balance sheet recapitalization unless the Debtors determine that a Sale Transaction is in the best interest of the Debtors and their stakeholders. If the Recapitalization Transaction is consummated, the Restructuring Transactions will deleverage the Debtors' funded debt by over $300 million through (i) the equitization of Term Loan Claims in exchange for 100% of the equity interests in Reorganized West Marine., subject to dilution by the Management Incentive Plan (if any), (ii) the payment in full of the ABL Claims or conversion into loans under the Exit ABL Facility, and (iii) the payment in full of the FILO Claims or conversion into loans under the Exit Term Loan Facility. As a result, the Debtors intend to emerge from these Chapter 11 Cases having: (i) equitized approximately $251.2 million of funded debt obligations, (ii) obtained access a new, committed $7.5 million post-emergence exit facility, which may be upsized to $10 million and with built-in capacity for up to another $15 million of funding after emergence, (iii) addressed the Company's approximately $55 million of annual lease expenses; and (iv) provided Holders of General Unsecured Claims with a distribution in the form of their pro rata share of the GUC Cash that they otherwise would not be entitled to under a hypothetical liquidation, provided that Class 6 (General Unsecured Claims) votes to accept the Plan. If a Sale Transaction is consummated, (a) the Debtors' existing ABL Lenders would receive their pro rata share of (i) the Prepetition ABL Priority Distributable Value and (ii) following full payment or satisfaction of the Term Loan Claims, the Term Priority Distributable Value; (b) the Debtors' existing FILO Lenders would receive their pro rata share of (i) following full payment or satisfaction of the Prepetition ABL Claims, the ABL Priority Distributable Value and (ii) following full payment or satisfaction of the Term Loan Claims and Prepetition ABL Claims, the Term Priority Distributable Value, (c) the Debtors' existing Term Loan Lenders would receive their pro rata share of (i) following full payment or satisfaction of the Prepetition ABL Claims and Prepetition FILO Claims, the ABL Priority Distributable Value and (ii) the Term Priority Distributable Value, and (d) Holders of General Unsecured Claims would receive the greater of (i) the GUC Cash, provided, however, that if Class 6 (General Unsecured Claims) votes to reject the Plan, Holders of General Unsecured Claims will receive no distribution, or (ii) the Distributable Value following full payment or satisfaction of claims in Classes 1–5. Class 6 consists of General Unsecured Claims. On the Effective Date, except to the extent that a Holder of an Allowed General Unsecured Claim agrees to less favorable treatment of its Allowed General Unsecured Claim, in full and final satisfaction, settlement, release, and discharge of each Allowed General Unsecured Claim, each Holder of an Allowed General Unsecured Claim shall receive: * if the Recapitalization Transaction occurs (a) if Class 6 (General Unsecured Claims) votes to accept the Plan, its pro rata share of the GUC Cash, or (b) if Class 6 (General Unsecured Claims) votes to reject the Plan, all Allowed General Unsecured Claims shall be canceled, released, and extinguished and will be of no further force or effect, and Holders of Allowed General Unsecured Claims shall not receive any distribution, property, or other value under the Plan on account of such Allowed General Unsecured Claim; or * if the Sale Transaction occurs, the greater of (a) the GUC Cash; provided, however, if Class 6 (General Unsecured Claims) votes to reject the Plan, all Allowed General Unsecured Claims shall be canceled, released, and extinguished and will be of no further force or effect, and Holders of Allowed General Unsecured Claims shall not receive any distribution, property, or other value under the Plan on account of such Allowed General Unsecured Claim or (b) the Distributable Value following full payment or satisfaction, as applicable of Claims in Classes 1, 2, 3, 4, and 5; provided, however, that in no event shall any Holder of a General Unsecured Claim receive, on account of such Claim, a recovery greater than 100% of the Allowed amount of such Claim. The allowed unsecured claims total $99.3 to 109.2 million. This Class will receive a distribution of 0.2% to 0.3% of their allowed claims. If the Recapitalization Transaction occurs, the Reorganized Debtors shall fund or make distributions under the Plan, as applicable, with: (i) the New Equity Interests, (ii) the Exit ABL Facility, (iii) the Exit Term Loan Facility, including the New Money Exit Term Loans and Incremental Post Exit Loans, and (iv) the Debtors' Cash on hand as of the Effective Date. If the Sale Transaction occurs, the Wind-Down Debtors will fund distributions under the Plan with: (i) the proceeds of the Sale Transaction; (ii) Cash on hand on the Effective Date; and (iii) the revenues and proceeds of all Wind-Down Assets of the Debtors. A full-text copy of the Disclosure Statement dated June 23, 2026 is available at https://urlcurt.com/u?l=JOIwWW from Kurtzman Carson Consultants LLC, claims agent. Proposed Co-Counsel for the Debtors: Michael R. Nestor, Esq. Kara Hammond Coyle, Esq. Shella Borovinskaya, Esq. Kristin L. Cardoza, Esq. YOUNG CONAWAY STARGATT TAYLOR, LLP Rodney Square 1000 North King Street Wilmington, Delaware 19801 Tel: (302) 571-6600 Fax: (302) 571-1253 E-mail: mnestor@ycst.com kcoyle@ycst.com sborovinskaya@ycst.com kcardoza@ycst.com Proposed Co-Counsel for the Debtors: Joshua A. Sussberg, P.C. Matthew C. Fagen, P.C. KIRKLAND & ELLIS LLP KIRKLAND & ELLIS INTERNATIONAL LLP 601 Lexington Avenue New York, New York 10022 Tel: (212) 446-4800 Fax: (212) 446-4900 E-mail: matthew.fagen@kirkland.com - and - Brian J. Nakhaimousa, Esq. KIRKLAND & ELLIS LLP KIRKLAND & ELLIS INTERNATIONAL LLP 830 Brickell Plaza Miami, Florida 33131 Tel: (305) 432-5600 E-mail: brian.nakhaimousa@kirkland.com About West Marine West Marine Inc. is a U.S.-based marine retail company specializing in boating, fishing and marine maintenance products. Established in 1968, the company operates one of the country's largest networks of boating supply stores, offering products ranging from marine electronics and navigation tools to fishing accessories, apparel and safety equipment. West Marine Inc. and certain of its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10794) on May 17, 2026. In its petition, the Debtor listed total assets of $500 million to $1 billion and liabilities of $500 million to $1 billion. The petition was signed by Paulee Day as chief executive officer. The Debtors' restructuring counsel is Young Conaway Stargatt Taylor, LLP and their co-bankruptcy counsel is Kirkland & Ellis LLP. The Debtors tapped Triple P Securities, LLC as their investment banker. FTI Consulting Inc. is the Debtors' restructuring advisor. The Debtors' claims and noticing agent is Kurtzman Carson Consultants LLC d/b/a Verita Global. Hilco Merchant Resource LLC and Hilco Real Estate LLC is the Debtors' real estate advisor and liquidator. WEST RIDGE: Hires Coan Payton & Payne LLC as Bankruptcy Counsel --------------------------------------------------------------- West Ridge Holdco, LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Coan, Payton & Payne, LLC, as counsel. The firm will render these services: a. provide the Debtor with legal advice with respect to its powers and duties under the Bankruptcy Code and otherwise; b. aid the Debtor in the development of a plan of reorganization under Chapter 11; c. file the necessary petition, schedules, pleadings, reports, and actions which may be required in the continued administration of the Debtor's property under Chapter 11 and in the course of this Chapter 11 proceeding; 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; e. analyze claims and causes of action of the Debtor and to object to claims and commence and prosecute adversary proceedings as necessary in the administration of this case; f. assist in the winding up and dismissal of the bankruptcy proceedings of post-confirmation, and; g. perform any and all other legal services for the Debtor which may be necessary or in connection with this case or any proceeding herein or in the administration hereof. The firm's counsel and staff will be paid at these hourly rates: Steven Mulligan, Attorney $460 Angie Garcia, Paralegal $200 On June 5, 2026, the firm received a retainer in the amount of $40,000. Mr. Mulligan 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 T. Mulligan, Esq. Coan, Payton & Payne, LLC 999 18th Street, Suite S 1500 Denver, CO 80202 Telephone: (303) 861-8888 Email: smulligan@cp2law.com About West Ridge Holdco, LLC West Ridge Holdco, LLC is a holding company engaged in the ownership, management, and oversight of investment, operating, and real estate-related assets. West Ridge Holdco, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 26-13965) on June 3, 2026. In its petition, the Debtor reports estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. The Honorable Bankruptcy Judge Thomas B. McNamara handles the case. The Debtor is represented by Steven T. Mulligan, Esq., of Coan, Payton & Payne, LLC. WESTVIEW BAPTIST: Seeks to Hire Canty Legal Group as Attorney ------------------------------------------------------------- Westview Baptist Church, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire The Canty Legal Group as attorneys. The firm will render these services: (a) give advice to the debtor with respect to its powers and duties as a debtor in possession and the continued management of its business operations; (b) advise the debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare motions, pleadings, orders, applications, adversary proceedings, and other legal documents necessary in the administration of the case; (d) protect the interest of the debtor in all matters pending before the court; (e) represent the debtor in negotiation with its creditors in the preparation of a plan. Canty Legal Group does not represent any interest adverse to the Debtor or its bankruptcy estate, according to court filings. The firm can be reached through: Jamila Z. Canty, Esq. The Canty Legal Group 1 East Broward Boulevard, Suite 700 Ft. Lauderdale, FL 33301 Tel: (954) 995-2563 Fax: (800) 311-7802 About Westview Baptist Church Inc. Westview Baptist Church, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17359) on June 4, 2026, with $1 million to $10 million in assets and $500,001 to $1 million in liabilities. Judge Corali Lopez-Castro presides over the case. Jamila Z. Canty, Esq., represents the Debtor as legal counsel. WHOLESALE PROPERTY: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------------- Debtor: Wholesale Property Depot, LLC Pay Cash 4 Houses 1824 Blanding Blvd. Jacksonville, FL 32210 Business Description: Wholesale Property Depot, LLC is a Jacksonville, Fla.-based real estate investment and wholesaling firm that, doing business as Pay Cash 4 Houses, sources, negotiates and assigns off-market residential property deals for investors across Duval County, Orange Park and St. Johns County. Chapter 11 Petition Date: June 29, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-02885 Debtor's Counsel: Bryan K. Mickler, Esq. LAW OFFICES OF MICKLER & MICKLER, LLP 5452 Arlington Expy. Jacksonville, FL 32211 Phone: (904) 725-0822 E-mail: bkmickler@planlaw.com Total Assets: $4,458,739 Total Liabilities: $6,425,365 The petition was signed by Clayborn Jones as authorized member. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/LSVEI7I/WHOLESALE_PROPERTY_DEPOT_LLC__flmbke-26-02885__0001.0.pdf?mcid=tGE4TAMA WISE INVESTMENT: Hires Tang & Associates as Bankruptcy Counsel -------------------------------------------------------------- Wise Investment Properties LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of California to hire Tang & Associates as counsel. The firm will render these services: (a) advise the Debtor on matters relating to administration of the Estate, and on the applicant’s rights and remedies with regard to the Estate’s assets and the claims of secured and unsecured creditors; (b) appear for, prosecute, defend, and represent the applicant’s interest in suits arising in or related to this case, including any adversary proceedings against the Debtor; (c) assist in the preparation of such pleadings, applications, schedules, orders, and other documents as are required for the orderly administration of this Estate; and (d) represent Debtor in any adversary proceeding to recover assets of the bankruptcy estate. The firm will be paid at these rates: Counsel $500 per hour Paralegal $200 per hour The firm received a retainer in the amount of $25,000. Tang & Associates is a "disinterested person" within the meaning of sections 101(14) and 327 of the Bankruptcy Code, according to court filings. The firm can be reached through: Kevin Tang, Esq. Tang & Associates 17011 Beach Blvd., Ste. 900, Huntington Beach, CA 92647 Phone: (949) 577-6735 Email: kevin@tang-associates.com About Wise Investment Properties LLC Wise Investment Properties, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-30424) on May 18, 2026, with $1 million to $10 million in assets and $500,001 to $1 million in liabilities. Kevin Tang, Esq., at Tang & Associates represents the Debtor as legal counsel. WISER SOLUTIONS: Comm. Taps Alvarez & Marsal as Financial Advisor ----------------------------------------------------------------- The official committee of unsecured creditors of Wiser Solutions, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Alvarez & Marsal North America, LLC as its financial advisor. The firm will render these services: (a) assist in the assessment and monitoring of cash flow budgets, liquidity and operating results; (b) assist in the review of Court disclosures, including the Schedules of Assets and Liabilities, the Statements of Financial Affairs, Monthly Operating Reports, and Periodic Reports; (c) assist in the review of the Debtors' cost/benefit evaluations with respect to the assumption or rejection of executory contracts and/or unexpired leases; (d) assist in the analysis of any assets and liabilities and any proposed transactions for which Court approval is sought; (e) assist in the review of the Debtors' proposed key employee retention plan and key employee incentive plan, to the extent applicable; (f) attend meetings with the Debtors, the Debtors' lenders and creditors, potential investors, the Committee and any other official committees organized in these chapter 11 cases, the U.S. Trustee, other parties in interest, and professionals hired by the same, as requested; (g) assist in the review of any tax issues; (h) assist in the investigation and pursuit of causes of actions; (i) assist in the review of the claims reconciliation and estimation process; (j) assist in the review of the Debtors' business plan(s), to the extent applicable; (k) assist in the review of the sales or dispositions of the Debtors' assets, including allocation of sale proceeds; (l) assist in the valuation of the Debtors' enterprise and equity, and the analysis of debt capacity, to the extent applicable; (m) assist the Committee and its advisors in potential settlement negotiations by analyzing potential recoveries under any proposed chapter 11 plan; (n) assist in the review and/or preparation of information and analysis necessary for the confirmation of a plan in these chapter 11 cases; (o) participate in hearings before the Court with respect to matters based upon which A&M has provided advice, including, as relevant, coordinating with the Committee's counsel with respect to such participation; and (p) render such other general business consulting or such other assistance as the Committee or its counsel may deem necessary, and as agreed to by A&M, consistent with the role of a financial advisor. The Committee has agreed to the following compensation: (a) Hourly Rates: A&M will be paid by the Debtors for the services of A&M professionals at the following hourly rates, subject to adjustment annually at such time as A&M adjusts its rates generally: a. Managing Directors $1,200 to $1,600 b. Directors $900 to $1,175 c. Associates $650 to $875 d. Analysts $450 to $625 (b) Expense Reimbursement: A&M will be reimbursed for reasonable expenses incurred in connection with this engagement such as travel, lodging, third party duplication, messenger and telephone charges; reasonable expenses include any reasonable legal fees incurred for A&M's defense of its retention application and fee applications submitted in these chapter 11 cases, subject to Court approval. Alvarez & Marsal North America, LLC is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Mark Greenberg Alvarez & Marsal North America, LLC 100 Park Avenue, 9th Floor New York, NY 10017 Tel: (212) 759-4433 Fax: (212) 759-5532 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. and its affiliates 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, Wiser Solutions reports assets in the range of $50 million to $100 million and liabilities between $100 million and $500 million. The case is jointly administered in Case No. 26-80002. Honorable Bankruptcy Judge Scott W. Everett handles the case. The Debtors are represented by Katharine Battaia Clark, Esq., at Thompson Coburn LLP. Epiq Restructuring, LLC is the Debtors' claims, noticing, solicitation and administrative agent. WISER SOLUTIONS: Committee Hires Fox Rothschild LLP as Attorney --------------------------------------------------------------- The official committee of unsecured creditors of Wiser Solutions, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Fox Rothschild LLP as attorneys. The firm's services include: a. attending meetings and negotiations with other parties in interest on the Committee's behalf in these Chapter 11 Cases; b. taking all necessary actions to protect and preserve Debtors' estate on behalf of creditors, including: the prosecution of actions, negotiations concerning all litigation in which Debtors are involved; c. reviewing and seeking Court's approval or denial of a plan of reorganization (should one be filed), and all papers and pleadings related thereto and in support thereof and attending court hearings related thereto; d. representing the Committee in all proceedings before this Court or other courts of jurisdiction in connection with these Chapter 11 Cases, including preparing and/or reviewing all motions, answers and orders necessary to protect the Committee's interests; e. assisting the Committee in developing legal positions and strategies with respect to all facets of this proceeding; f. preparing, on the Committee's behalf, necessary applications, motions, answers, orders and other documents; g. performing all other legal services for the Committee in connection with these Chapter 11 Cases, as may be necessary; and h. cooperating with the U.S. Trustee's Office as necessary and required. The firm will be paid at these rates: Partners $635 to $2,200 Counsel $475 to $1,375 Associates $280 to $820 Legal Assistants/Paralegals $150 to $640 The firm will seek reimbursement for its out-of-pocket expenses. Fox Rothschild LLP is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code, and does not represent or hold any interest adverse to the interests of the Debtor's estate, according to court filings. The firm can be reached through: John D. Penn, Esq. Fox Rothschild LLP 2501 N. Harwood Street, Suite 1800 Dallas, TX 75201 Tel: (972) 991-0889 Fax: (972) 404-0516 Email: jpenn@foxrothschild.com 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. and its affiliates 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, Wiser Solutions reports assets in the range of $50 million to $100 million and liabilities between $100 million and $500 million. The case is jointly administered in Case No. 26-80002. Honorable Bankruptcy Judge Scott W. Everett handles the case. The Debtors are represented by Katharine Battaia Clark, Esq., at Thompson Coburn LLP. Epiq Restructuring, LLC is the Debtors' claims, noticing, solicitation and administrative agent. WISER SOLUTIONS: Committee Taps Womble Bond Dickinson as Co-Counsel ------------------------------------------------------------------- The official committee of unsecured creditors of Wiser Solutions, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Womble Bond Dickinson (US) LLP as its co-counsel. The firm's services include: a. providing legal advice as necessary with respect to the Committee's powers and duties as an official committee appointed under Bankruptcy Code section 1102; b. assisting the Committee in investigating the acts, conduct, assets, liabilities, and financial condition of the Debtors, the operation of the Debtors' businesses, potential claims, and any other matters relevant to these cases, to the sale of assets, or to the formulation of a plan of reorganization or liquidation; c. participating in the formulation of a Plan; d. providing legal advice as necessary with respect to any disclosure statement and Plan filed in these Chapter 11 Cases and with respect to the process for approving or disapproving disclosure statements and confirming or denying confirmation of a Plan; e. preparing on behalf of the Committee, as necessary, applications, motions, objections, complaints, answers, orders, agreements, and other legal papers; f. appearing in Court to present necessary motions, applications, objections, and pleadings, and otherwise protecting the interests of those represented by the Committee; g. assisting the Committee in requesting the appointment of a trustee or examiner, should such action be necessary; and h. performing such other legal services as may be required and as are in the best interests of the Committee and creditors. The firm's professionals who are currently designated to represent the Committee, with proposed hourly rates and experience levels are: Partners $405 to $1,800 Of Counsel $535 to $1,100 Senior Counsel $185 to $1,075 Counsel $185 to $930 Associates $325 to $865 Paralegals $115 to $600 Consistent with the Appendix B Guidelines, which became effective on November 1, 2013, the counsel states as follows: (a) WBD did not agree to a variation of its standard and customary billing arrangements for the engagement; (b) WBD's professionals included in the engagement have not varied their rates based on the geographic location of these Chapter 11 Cases; and (c) WBD did not represent the Committee prior to the Petition Date. Womble Bond Dickinson (US) LLP is a "disinterested person" within the meaning of the Bankruptcy Code, according to court filings, and does not hold or represent any interests adverse to the Committee in connection with this case. The firm can be reached at: Matthew P. Ward, Esq. WOMBLE BOND DICKINSON (US) LLP 717 Texas Avenue, Suite 2100 Houston, TX 77002 Tel: +1 302-252-4338 Fax: +1 302-661-7711 E-mail: matthew.ward@wbd-us.com 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. and its affiliates 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, Wiser Solutions reports assets in the range of $50 million to $100 million and liabilities between $100 million and $500 million. The case is jointly administered in Case No. 26-80002. Honorable Bankruptcy Judge Scott W. Everett handles the case. The Debtors are represented by Katharine Battaia Clark, Esq., at Thompson Coburn LLP. Epiq Restructuring, LLC is the Debtors' claims, noticing, solicitation and administrative agent. WRAPIFY INC: Secured Party Sets July 8, 2026 Public Sale -------------------------------------------------------- On July 8, 2026, at 1:00 p.m. (EST), a public sale (the "Public Sale") shall be conducted of the personal property of Wrapify, Inc. (the "Debtor"), as described on Schedule "A" below (the "Collateral"). The Public Sale will be conducted on: July 8, 2026 at 1:00 p.m. Eastern time Place: Videoconference (bidders to obtain link through contact listed below) Debtor: Wrapify, Inc., a Delaware corporation The Public Sale is being conducted by Wrapmate, Inc. (the "Secured Party") to enforce its rights and remedies as Secured Party to sell the Collateral under applicable commercial law and the Secured Revolving Loan Note and related Security Agreement and other loan documents (collectively, the "Loan Documents"), pursuant to which the Debtor is indebted to the Secured Party in an amount of no less than $3,850,133.33 (the "Secured Indebtedness"). The Collateral will be sold to the highest qualified bidder for cash, or the credit against outstanding indebtedness held by the Secured Party. Please be advised that Secured Party, and any assignees of the Secured Party, reserve their right to credit bid, and may credit bid, at the public sale of the Sale Collateral for the full amount of the Secured Indebtedness. There will be no warranty made or provided relating to title, possession, quiet enjoyment or the like in connection with the disposition. To be a qualified bidder, a prospective bidder must, on or before 5:00 p.m. (EST) on June 29, 2026, both: (i) contact the Secured Party at the e-mail address or phone number below and provide contact information and such adequate assurances of bidder’s ability to perform as the Secured Party may reasonably request; and (ii) provide Secured Party with a refundable cash deposit of fifty thousand dollars ($50,000) to secure any bids that the bidder may submit at auction. The Secured Party shall not be required to post any such deposit in order to participate in the auction. All deposits of qualified bidders, other than the successful bidder, will be refunded after the auction. The bidding and auction process will be subject to binding written bid and auction procedures that will be provided to prospective bidders. Parties interested in participating at the Public Sale as a "qualified bidder" for the Collateral should contact Secured Party (c/o Sean McGann) by e-mail at: sean.mcgann@wrapmate.com. Schedule A – Collateral The "Collateral" shall include all right, title, interest, claims and demands of Debtor in the following: (a) all contract rights and general intangibles, including goodwill; (b) all intellectual property, including patents and patent rights, trademarks and trademark rights, trade secrets, licenses, methods, processes, and records; (c) all goods, equipment, inventory, raw materials, work in process and finished products; (d) accounts, contract rights, royalties, license rights, documents, cash, deposit accounts, certificates of deposit, instruments; and (e) all other personal property of the Debtor, whether tangible or intangible, and proceeds thereof. XYZ BEVERAGE: July 6, 2026 Bid Submission Deadline Set ------------------------------------------------------ Creative Planning Business Services is presenting an opportunity to acquire XYZ Beverage LLC, an established, asset-light alcohol beverage platform operating within the hard seltzer category. The turn-key brand features sophisticated, lifestyle-oriented consumer positioning with strong multi-state distribution relationships spanning 16 states. This business opportunity is being marketed and sold through a court-supervised process by Devon J. Eggert, Esq. of Beck, Chaet, Bamberger & Polsky, S.C., solely in his capacity as Court-Appointed Chapter 128 Receiver. For additional information on the sale see https://urlcurt.com/u?l=8c1wpT 1. Type of Procedure: Chapter 128 Receivership 2. Name of the Secured Lender, Receiver, Assignee, Debtor's Counsel, etc.: Devon J. Eggert, Esq., of Beck, Chaet, Bamberger & Polsky, S.C., solely in his capacity as Court-Appointed Chapter 128 Receiver 3. Asset(s) Being Sold: Substantially all tangible and intangible assets of the business are being sold as a going concern, including established finished goods inventory, proprietary hard seltzer formulations and recipes, and all website assets and brand intellectual property. The transaction also includes valuable co-packer manufacturing relationships and active distributor agreements spanning the company's established multi-state network. All assets are being transferred free and clear of all liens, claims, and encumbrances, subject to court approval. 4. Situation Background: The transaction is being executed as a court-supervised corporate restructuring asset sale pursuant to Chapter 128 of the Wisconsin Statutes. Substantially all business assets are being sold as a going concern, free and clear of all previous liens, claims, and encumbrances. This special situation offers strategic acquirers an accelerated timeline to transition a turnkey brand platform into an existing operational portfolio, subject to final court approval at the July 8, 2026 hearing. 5. The nature of the business of the Company whose assets are being sold: The Company operates as a premium alcohol beverage platform within the hard seltzer category. The business features a sophisticated, lifestyle-oriented consumer brand positioning and operates via an efficient, asset-light infrastructure model with fully outsourced co-packer production, packaging, warehousing, and logistics. 6. Bid Deadline: The bid deadline is set for July 6, 2026, at 12:00 p.m. (noon) CT. 7. Time/Date Sale: The online going-concern asset auction will take place on July 7, 2026, at 10:00 a.m. CT for all Qualified Bidders. 8. Name or Industry of the Company Whose Assets are Being Sold: Premium Alcohol Seltzer Beverage Category 9. For More Information: Inquiries & NDA Requests Can Be Made To: Anne Doherty, Senior Business Advisor, anne.doherty@creativeplanning.com or Victoria Meyer, M&A Project Coordinator, victoria.meyer@creativeplanning.com YELLOW CORP: Wins WARN Act Claims Fight, Pension Appeal Fails ------------------------------------------------------------- Emily Brill of Law360 Bankruptcy Authority reports that a pair of court rulings issued Monday, June 29, 2026, delivered mixed results for bankrupt trucking company Yellow Corp., preserving billions of dollars in potential pension obligations while relieving the company of liability for WARN Act claims related to its workforce reductions. Both decisions are expected to shape the administration of Yellow's Chapter 11 estate. The U.S. Supreme Court declined to review Yellow's challenge to the Pension Benefit Guaranty Corp.'s calculation of withdrawal liability for multiemployer pension plans. The denial leaves standing a Third Circuit ruling that found the PBGC acted within its authority under ERISA when adopting the assumptions used to calculate unfunded vested benefits. Yellow and MFN Partners had argued the regulations unlawfully inflated withdrawal liability. With the Supreme Court declining to intervene, the PBGC's methodology remains effective, allowing pension funds to pursue substantial withdrawal liability claims against Yellow's estate. Those claims are widely viewed as among the largest financial obligations remaining in the bankruptcy proceedings. In contrast, the company prevailed in bankruptcy court on claims under the Worker Adjustment and Retraining Notification Act. The judge ruled that Yellow's 2023 shutdown resulted from unforeseen business circumstances, exempting the company from WARN Act notice requirements. Although the pension dispute remains unresolved in Yellow's favor, the WARN ruling significantly reduces employee-related claims against the estate. About Yellow Corporation Yellow Corporation -- http://www.myyellow.com/-- operates logistics and less-than-truckload (LTL) networks in North America, providing customers with regional, national, and international shipping services throughout. Yellow's principal office is in Nashville, Tenn., and is the holding company for a portfolio of LTL brands including Holland, New Penn, Reddaway, and YRC Freight, as well as the logistics company Yellow Logistics. Yellow Corporation and 23 affiliates concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 23-11069) on August 6, 2023, before the Hon. Craig T. Goldblatt. As of March 31, 2023, Yellow Corporation had $2,152,200,000 in total assets against $2,588,800,000 in total liabilities. The petitions were signed by Matthew A. Doheny as chief restructuring officer. The Debtors tapped Kirkland & Ellis, LLP as restructuring counsel; Pachulski Stang Ziehl & Jones, LLP as Delaware local counsel; Kasowitz, Benson and Torres, LLP as special litigation counsel; Goodmans, LLP as special Canadian counsel; Ducera Partners, LLC, as investment banker; and Alvarez and Marsal as financial advisor. Epiq Bankruptcy Solutions is the claims and noticing agent. Milbank LLP serves as counsel to certain investment funds and accounts managed by affiliates of Apollo Capital Management, L.P. while White & Case, LLP and Arnold & Porter Kaye Scholer, LLP serve as counsels to Beal Bank USA and the U.S. Department of the Treasury, respectively. On Aug. 16, 2023, the U.S. Trustee for Region 3 appointed an official committee of unsecured creditors in the Chapter 11 cases. The committee tapped Akin Gump Strauss Hauer & Feld, LLP and Benesch, Friedlander, Coplan & Aronoff, LLP as counsels; Miller Buckfire as investment banker; and Huron Consulting Services, LLC, as financial advisor. ZAHAV 3310: Seeks to Hire Goetz Platzer LLP as Bankruptcy Counsel ----------------------------------------------------------------- Zahav 3310 W Beaumont Street LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to Goetz Platzer LLP as attorneys. 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 Sec. 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. Goetz Platzer's current standard hourly rates are: Partners $625 to $800 Associates $270 to $700 Paralegals $300 Goetz Platzer LLP is a disinterested person as such 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 Zahav 3310 W Beaumont Street LLC Zahav 3310 W Beaumont Street LLC is a single-asset real estate entity that provides property management, real estate appraisal, and related support services. Zahav 3310 W Beaumont Street LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. 26-45902) on December 9, 2025, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Davit Sitt as member. Judge Jil Mazer-Marino presides over the case. Gary Kushner, Esq. at GOETZ PLATZER LLP presides over the case. ZOE CENTER: Gets Final OK to Use Cash Collateral ------------------------------------------------ Zoe Center for ABA and Development Services, LLC and Zoe Center for Pediatric and Adolescent Health, LLC received final approval from the U.S. Bankruptcy Court for the Middle District of Georgia, Macon Division, to use cash collateral. Under the final order, the Debtors are authorized to continue using cash collateral through plan confirmation or further court order. If the cases extend beyond the budget period without a confirmed plan, the Debtors may continue using cash collateral so long as expenditures remain substantially similar to the approved budget. As adequate protection, all pre-petition liens held by Avanza Capital Holdings, LLC, Family Funding Group, LLC and other secured creditors claiming interests in cash collateral remain in effect. Additional safeguards include operating and maintaining the Debtors' businesses, paying post-petition property taxes when due, and maintaining insurance on collateral securing creditor claims. The order also resolved LCRP Investors, LLC's objection regarding the Williams Road property leased to Zoe Center for ABA, which agreed to pay the landlord all post-petition rent and related charges for June 2026. Although future rent payments are not made a condition to the continued use of cash collateral, the landlord retains all rights and remedies available under the lease and applicable laws. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/WWsZq from PacerMonitor.com. About Zoe Center for Pediatric and Adolescent Health Zoe Center for Pediatric and Adolescent Health, LLC is a healthcare provider focused on delivering medical services for children and adolescents. The organization offers pediatric care and related outpatient health services within its clinical operations. The Debtor sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50832) on May 18, 2026. In its petition, the Debtor reported assets between $1 million and $10 million and liabilities within the same range. Honorable Bankruptcy Judge Robert M. Matson handles the case. The Debtor is represented by David L. Bury, Jr., Esq., at Stone & Baxter, LLP. ZYYAH LLC: Voluntary Chapter 11 Case Summary -------------------------------------------- Debtor: Zyyah, LLC 2701 Sunset Ridge Drive, Suite 302 Rockwall, TX 75032-0046 Business Description: ZYYAH provides a digital home management platform that uses technology, expert knowledge, and relationship- based resources to help homeowners manage, maintain, buy, and sell homes. The company is located in Rockwall, Texas. Its platform is designed to learn about users and their homes, providing personalized guidance intended to simplify homeownership for new and experienced homeowners. Chapter 11 Petition Date: June 29, 2026 Court: United States Bankruptcy Court Northern District of Texas Case No.: 26-32821 Judge: Hon. Scott W Everett Debtor's Counsel: Thomas D. Berghman, Esq. MUNSCH HARDT KOPF & HARR, P.C. 500 N. Akard St., Suite 4000 Dallas, TX 75201 Tel: 214-855-7500 E-mail: tberghman@munsch.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $10 million to $50 million The petition was signed by Bret J. Hatfield as manager. 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/CDZAXEA/Zyyah_LLC__txnbke-26-32821__0001.0.pdf?mcid=tGE4TAMA [ Rakhee Patel Joins Troutman Pepper Locke's Bankruptcy Practice ---------------------------------------------------------------- Rakhee Patel has joined Troutman Pepper Locke's Bankruptcy and Restructuring Practice as a partner in the Dallas office. Her arrival further strengthens the firm's national restructuring platform and expands its capabilities in Texas and across key capital‑intensive industries. Ms. Patel joins Troutman Pepper Locke from Sidley Austin and brings more than three decades of experience handling high‑value, complex restructurings and bankruptcy matters for company, sponsor, and lender‑side clients, as well as related litigation and transactional work. "Rakhee is a terrific lawyer with strong technical skill, deep market knowledge, and a stellar reputation in the bankruptcy and restructuring space -- especially in key sectors like hospitality, energy, and manufacturing," said Jonathan Young, chair of the firm's Bankruptcy and Restructuring Practice. "Her arrival, alongside the additions last summer of Chris Fernandez, Michael Cecka, David Fialkow, and Melissa Kato, underscores our momentum in building a deep and talented restructuring team that represents clients across the entire capital stack in a diverse range of industries and verticals. We are excited to have her join our team." Ms. Patel advises clients in a broad range of industries, including energy, private equity and private credit, transportation, financial products, retail, distribution, health care and life sciences, manufacturing, and emerging companies and venture capital. She has represented debtors, sponsors, lenders, and other stakeholders in large, multiparty restructurings and bankruptcy cases nationwide. "Rakhee immediately strengthens our debtor-side capabilities in Texas and will have multiple opportunities to collaborate with our larger restructuring team across the firm's national platform," said Paul Nason, managing partner of Troutman Pepper Locke's Dallas office. "By bringing on a seasoned, well‑known debtor‑side partner with longstanding roots in Texas, strong ties to New York, and a national network in key industries, we are better positioned to capture additional restructuring opportunities and to drive cross‑practice collaboration and growth across the firm." "Troutman Pepper Locke offers the kind of integrated, multidisciplinary national platform that complex restructurings demand," said Ms. Patel. "The firm's commitment to representing stakeholders across the capital stack, its collaborative culture, and its investment in the Texas market make this an ideal place to grow my practice and I am excited to join the team." Troutman Pepper Locke's Bankruptcy and Restructuring group provides clients with creative solutions that prioritize recovery or return on investment. Clients impacted by distressed situations rely on the team's creativity, technical skill, and market knowledge to develop and execute value-maximizing solutions. The group's deep understanding of pre- and post-insolvency issues from every stakeholder's perspective enables them to help clients prevent and prepare for a financial crisis and, when needed, serve as trusted advisors to respond effectively to financial distress. About Troutman Pepper Locke Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com. [] Illinois Farm Bankruptcies Continue to Rise in 3 Consecutive Yr ------------------------------------------------------------------ Tara Sun of myjournalcourier reports that financial conditions for Illinois farmers continue to deteriorate as bankruptcy filings rise for a third consecutive year, with agricultural leaders warning that prolonged economic pressures are threatening the survival of family farms. Declining commodity prices, increasing debt, and high production costs have combined to create one of the sector's most challenging periods in decades. Across the United States, 315 family farm bankruptcies were filed in 2025, a 46% increase over the prior year, while the Midwest experienced a 70% jump in filings. The trend has continued into 2026, with April recording 62 Chapter 12 bankruptcies, the highest monthly level in more than six years, the report states. Experts say farmers are caught between persistently low grain prices and rising operating expenses, including fertilizer, fuel, equipment, and land rental costs. Many producers have increased their reliance on crop insurance and borrowing, yet those measures often fail to offset sustained losses from weak agricultural markets. Although Illinois lawmakers preserved certain agricultural tax incentives and conservation programs, several major proposals aimed at easing financial pressure on farmers stalled during the legislative session. Industry representatives warn additional support will be needed to prevent further bankruptcies and protect the state's agricultural economy, according to report. [] Riveron Names Nolletti as Restructuring & Turnaround Co-Head --------------------------------------------------------------- Riveron, a leading national business advisory firm backed by Kohlberg, announced the promotion of David Nolletti to Co-Head of its Restructuring & Turnaround Services Segment. In this role, Mr. Nolletti will partner with Steve Wybo and Michael Correra to lead Riveron's Restructuring & Turnaround Services Segment and support its continued growth and evolution. "David's promotion reflects both the impact he has made for our clients and the leadership he has demonstrated across the firm," said Sam Shaw, Chief Executive Officer of Riveron. "He brings a unique combination of restructuring and executive operating experience, industry leadership, and investor perspective that aligns with where we are taking our Restructuring & Turnaround Services business. David will help deepen the value we deliver to clients and accelerate our growth." With more than 20 years of experience in restructuring, operational improvement, private equity, and executive leadership, Mr. Nolletti has advised companies, lenders, investors, and boards through periods of transformation and growth. Prior to joining Riveron, he served as President, Chief Executive Officer, and Co-Founder of Cold Mountain Capital, where he acquired and operated aerospace, defense, and industrial manufacturing businesses. He has also served in executive leadership and board roles and as a commissioned officer in the U.S. Army. Since joining Riveron, Mr. Nolletti has played a key role in expanding the firm's industry capabilities and strengthening client relationships across the aerospace, defense, aviation, and industrial sectors. He will continue to serve as the firm's Aerospace, Defense, Aviation, and Space (ADAS) Industry Lead while focusing on greater alignment across industry and account teams to support growth and enhance the client experience. "As companies face complex market dynamics, clients are looking for advisors who can bring together industry insight, operational expertise, and execution capabilities," said Mr. Nolletti. "Riveron has built a platform that combines those strengths. I am excited to partner with Steve, Michael, and our leadership team to continue growing the business, investing in our people, and delivering exceptional outcomes for our clients." About Riveron Founded in 2006, Riveron supports the Office of the CFO, solving complex challenges and creating lasting improvements to finance, accounting, and technology functions. With more than 1,200 professionals across 18 international offices, Riveron teams bring industry perspective and a full suite of solutions to address M&A, financial distress, technology transformation, process improvement, and other complex performance improvement needs. Riveron is backed by affiliates of Kohlberg, with H.I.G. Capital maintaining a minority investment. [^] BOOK REVIEW: Corporate Players: Designs for Working and Winning ------------------------------------------------------------------- Corporate Players: Designs for Working and Winning Together Author: Robert W. Keidel Publisher: Beard Books Paperback: 276 pages List Price: US$34.95 Order your personal copy at http://amazon.com/exec/obidos/ASIN/1587982587/internetbankrupt In American business, the metaphor of the sports team is commonly used for business groups of all sizes -- from ad hoc teams of a few members that deal with temporary problems to groups of executive managers who are responsible for long-term corporate survival and the profitability of an entire organization. The sports team is a favored metaphor because sports bring individuals with different talents and different responsibilities together to perform a particular activity and pursue a common objective. Within its framework, sports also allow for the outstanding performance of particular individuals and recognition of that performance. The sports team metaphor has become so common in business and so routinely applied to business teams of all sorts and sizes that little thought is usually given to its specifics. Corporate Players -- Designs for Working and Winning Together takes a close look at what makes a sports team function effectively and win. The author then applies these observations to develop a plan for those in the corporate world to be as successful as those in the sports world. While a reprint of a 1988 book, the lessons in this book are timeless. Keidel identifies three main types of teams found in business: autonomy, control and cooperation. The author relates each to a particular type of sports team: autonomy for baseball, control for football and cooperation for basketball. A chart compares differences among the three with respect to organizational strategy, organizational structure, and organizational style. For instance, the organizational strategy for autonomy in base ball is "adding value through star performers"; while the organizational strategy for cooperation in basketball is "innovating by combining resources in novel ways." With a sharp analytic eye and decades of experience in different aspects of business, including academic and government positions, Keidel delves into the specifics of business groups as sports teams. A fundamental point often overlooked by businesspersons is that teams in different sports are different in significant ways. An understanding of these differences is crucial for executives, managers, and consultants who are responsible for conceptualizing a team in relation to a particular business matter and then bringing together a team of individuals. As such, executives, managers and consultants have roles similar to a general manager and coach of a sports team. In some case, they may also have the role of a player on the team. This chart and other aids, together with the author's engaging commentary and enlightening analyses, will help business leaders select the right personnel, assemble a team capable of performing the task at hand, and then coordinate all of the players to accomplish the desired objective. Robert W. Keidel is principal of Robert Keidel Associates, a consulting practice based in Philadelphia, Pa., and Professor Emeritus at Drexel University. He was a senior fellow at the Wharton School, University of Pennsylvania, and a program consultant at the National Center for Productivity and Quality of Working Life. He was born in February 1943 in Philadelphia. He received his BA from Williams College, and his MBA and PhD on Social Systems Sciences from Wharton. ********* 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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