Bondoro Insights: Weekly Docket Update

This Week's Key Filings

FAT Brands, Inc. (Filed Jan. 26)

• Case Summary – Published Jan. 27
  • FAT Brands has filed for Chapter 11 bankruptcy amid a liquidity crisis driven by structural deficiencies in its Whole Business Securitization and over $85 million in litigation costs, seeking to restructure approximately $1.45 billion in funded debt while pursuing DIP financing.

FLOAT Alaska LLC (Filed Jan. 26)

• Case Summary – Published Jan. 26
  • FLOAT Alaska has filed for Chapter 11 bankruptcy following geopolitical airspace closures, pilot shortages, and a failed pivot to charter operations, seeking to sell its aircraft fleet through a Section 363 process backed by DIP financing from primary stakeholder Jones Holding.
• DIP Motion – Published Jan. 26
  • FLOAT Alaska filed a motion for interim approval of a senior secured superpriority DIP facility from Jones Holding that structures a $3.23 million new-money term loan available in tranches alongside a rollup of prepetition debt.

Shannon Wind, LLC (Filed Jan. 25)

• Case Summary – Published Jan. 26
  • Shannon Wind has filed for Chapter 11 bankruptcy to sell its 204 MW Texas wind farm and resolve $108.1 million in secured hedge obligations tied to Winter Storm Uri.

Paladin Capital, Inc. (Filed Jan. 26)

• Case Summary – Published Jan. 27
  • Paladin Capital has filed for Chapter 11 bankruptcy amid a prolonged freight recession and a liquidity crisis precipitated by equipment repossession threats, seeking to conduct Section 363 sales of its business units as going concerns.

Oaktree Ocala JV, LLC (Filed Jul. 29)

• Plan Terms – Published Jan. 27
  • ASAP Highline Ocala and Oaktree Ocala JV's joint reorganization plan centers on a forbearance settlement with lender CPIF MRA, whereby new investors acquire 100% of the reorganized equity via a $3 million capital injection that funds an initial $1.5 million payment on the lender's $14 million allowed claim, with the $12.5 million balance due in full by the Forbearance Termination Date, serviced at 11.5% interest and secured by deed-in-lieu and consent judgment remedies held in escrow.

iRobot Corporation (Filed Dec. 14)

• RSA Terms – Published Jan. 27
  • iRobot's confirmed prepackaged reorganization plan facilitates a go-private restructuring in which Picea HK, the sole first lien lender and supply agreement counterparty, converts its first lien and supply claims into 100% of the new common equity, while approximately $84 million in supply chain debt due to Picea Robotics remains outstanding and a new supply agreement is assumed.

Spokane Industries, LLC (Filed Jan. 23)

• Case Summary – Published Jan. 27
  • Spokane Industries has filed for Chapter 11 bankruptcy following a facility collapse, employee embezzlement, and operational headwinds, seeking to stabilize operations.

Pat McGrath Cosmetics LLC (Filed Jan. 22)

• Case Summary – Published Jan. 27
  • Pat McGrath Cosmetics has filed for Chapter 11 bankruptcy amid a liquidity crisis and a dispute with senior lender GDA PMG Funding LLC regarding a declared default, seeking to halt an imminent Article 9 foreclosure sale and address liabilities through a court-supervised restructuring.

White Rock Medical Center, LLC (Filed Jan. 20)

• Case Summary – Published Jan. 27
  • White Rock Medical Center has filed for Chapter 11 bankruptcy following alleged financial misrepresentations and critical service terminations by seller Pipeline Health, seeking to pursue a joint reorganization plan with affiliate Platinum Heights involving an asset sale to a REILS affiliate backed by DIP financing from the plan sponsor.

Groff Tractor Mid Atlantic, LLC (Filed Oct. 14)

• APA Summary – Published Jan. 27
  • Groff Tractor filed a notice designating LB Advisors as the successful bidder to acquire substantially all assets for a total purchase price of approximately $50.3 million, comprising $22 million in cash and the assumption of roughly $28.3 million in floor plan debt, following the conclusion of an auction.

Compass Coffee, LLC (Filed Jan. 6)

• APA Summary – Published Jan. 27
  • Compass Coffee filed a notice designating Caffe Nero North America as the stalking horse bidder for a sale of substantially all assets, submitting an asset purchase agreement that establishes a $2.9 million cash purchase price subject to a 4% break-up fee and a March 6 closing deadline.

US Magnesium LLC (Filed Sep. 10)

• APA Summary – Published Jan. 27
  • US Magnesium filed a revised asset purchase agreement designating the Utah Division of Forestry, Fire, and State Lands as the successful bidder to acquire the debtor’s real property and mineral lease assets for $30 million in cash plus the assumption of certain environmental and tax liabilities, with a sale hearing scheduled for Jan. 30.

My Job Matcher, Inc. (Filed Jul. 6)

• Global Settlement Terms – Published Jan. 27
  • My Job Matcher's confirmed liquidating plan implements a global settlement transferring $500,000 and all remaining estate causes of action to a liquidating trust, with DIP lenders waiving deficiency recovery and a 12-month lookback requiring turnover of post-sale proceeds exceeding prepetition debt plus capital contributions by more than 5%.

Jump Peoria, Inc. (Filed Jan. 25)

• Case Summary – Published Jan. 26
  • Jump Peoria has filed for Chapter 11 bankruptcy to halt a scheduled UCC foreclosure sale by Southwest Heritage Bank, seeking to preserve going-concern value.

Tonopah Solar Energy, LLC (Filed Jan. 21)

• DIP Terms – Published Jan. 26
  • Tonopah Solar Energy obtained interim approval for a $10 million super-priority delayed-draw DIP facility from Crescent Dunes Finance, split between a $5 million initial draw and a $5 million final tranche, priced at 4.50% PIK interest and requiring a plan effective date within 240 days.
• Case Summary – Published Jan. 22
  • Tonopah Solar Energy has filed for Chapter 11 bankruptcy following persistent technological failures and a failed prepetition marketing process, pursuing a Section 363 sale of substantially all assets backed by DIP financing from existing stakeholders.
• Bidding Procedures Summary – Published Jan. 22
  • Tonopah Solar Energy filed a motion to establish bidding procedures for a sale of substantially all assets, including its 110-megawatt concentrated solar energy power plant in Nevada, proposing a Feb. 27, 2026 bid deadline ahead of a March 4, 2026 auction, while reserving the right to designate a stalking horse bidder by Feb. 20, 2026.

Georgia ProtonCare Center Inc. (Filed Jan. 22)

• Case Summary – Published Jan. 22
  • Georgia ProtonCare Center has filed for Chapter 11 bankruptcy amid reimbursement challenges and an inability to service its bond obligations, pursuing a going-concern sale to stalking horse bidder Emory University backed by majority support from its senior bondholders.
• Bidding Procedures Summary – Published Jan. 22
  • Georgia ProtonCare Center filed a motion to establish bidding procedures for a sale of substantially all assets, designating Emory University as the stalking horse bidder with a $110 million offer subject to $4.4 million in bid protections, ahead of an April 17 bid deadline and April 20 auction where the Bond Trustee reserves the right to credit bid.

About Bondoro Insights Summaries

Our goal with Bondoro Insights is to provide you with faster, broader coverage on active Chapter 11 cases. These summaries are generated by Bondoro's proprietary AI, tuned on our historical coverage and validated against source filings. While accuracy is a priority, they are intended for immediate informational purposes, may contain errors, and are not a substitute for professional or legal advice. Please refer to the source filings for definitive information.

This AI-powered coverage is designed to supplement our comprehensive, analyst-written case summaries.

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