PETITION

On July 19, 2026, Hartford CT-based, Catalina Re-owned Alea Holdings US Company, Alea Group Holdings (Bermuda) Ltd. and venue-providing TX-LLC, FIN Alea LLC, (collectively, the “debtors” and together with two non-debtor entities, the “company”) filed prepackaged (for real) bankruptcy cases in the Southern District of Texas (Judge Lop


The facts of this case are … um … unique. On July 20, 2026, La Jolla, CA-based CashCall, Inc. (the “debtor”) filed a chapter 11 bankruptcy case in the Southern District of California (Judge Marum). Founded in ‘03, the debtor’s business is providing unsecured personal loans to people with poor credit history. Or was, it originated its last loans in March ‘26 and fired its last employee in June ‘26, down from a high of ~1.1k.

We’re just calling balls and strikes folks. As always, we’ve got some updates and new filings for you. And we try to make it all as readable as possible (sometimes successful, sometimes this sh*t ain’t salvageable). Let’s dig in. Since we last covered North Carolina-based window and door makerJELD-WEN Holding, Inc.($JELD)(“JELD-WEN” or the “company”) back in March … … when the stock was down ~21% YTD.

On July 23, 2026, Trajector Holdings LLC (“holdco”) and twenty-one affiliates (collectively, together with holdco, the “debtors”) filed chapter 11 bankruptcy cases in the Middle District of Florida (Judge Brown). Founded in ‘14 by James Hill, II, Gina Uribe, and Richard Blaser, the debtors attempt to help clients “… understand, access, and navigate …” the US’s convoluted benefits programs.

On July 26, 2026, Atlanta-based Republic National Distributing Company, LLC (“RNDC”) and seventeen affiliates (collectively, together with RNDC, the “debtors” and together with their non-debtor affiliates, the “company”) filed chapter 11 bankruptcy cases in the Southern District of Texas (Judge Lopez).

On July 26, 2026, Atlanta-based Republic National Distributing Company, LLC (‚ÄúRNDC‚ÄĚ) and seventeen affiliates (collectively, together with RNDC, the ‚Äúdebtors‚ÄĚ and together with their non-debtor affiliates, the ‚Äúcompany‚ÄĚ) filed chapter 11 bankruptcy cases in the Southern District of Texas (Judge Lopez).

Quickly recall that back on June 12, 2026, Minnesota-based Sleep Number Corp.

Back on July 10, 2026, Central Falls Detention Facility Corporation (the ‚Äúdebtor‚ÄĚ) filed a prearranged chapter 11 bankruptcy case in the District of Rhode Island (Judge Dorsey).* The public corp. debtor owns and operates the Donald W. Wyatt Detention Facility in Central Falls, Rhode Island (the ‚Äúcity‚ÄĚ), which can house up to 782 detainees awaiting trial or sentencing, for which it receives $180.97 per detainee per day, and employs 251 staff and correctional officers.

Our beloved Johnny found himself in NYC recently and opted, on a sweltering summer day, to take an MTA bus rather than suffer the Hades that is NYC‚Äôs underground subway system. As the Select-bus pulled up, a dozen people disembarked while about two score piled in. Only Johnny‚Äôs dumba$$ actually paid. Literally. So how did he pay? He tapped his iphone to San Diego-based Cubic Corporation‚Äôs (‚ÄúCubic‚ÄĚ or the ‚Äúcompany‚ÄĚ) fancy touch screen and Apple Inc. ($AAPL) took care of the rest.

… a biglaw attorney recently told Johnny, while getting ready to tee up. On a Tuesday afternoon. The irony decidedly lost on the guy. “Suuuuure you are,” thought Johnny, “the entire industry is twiddling their thumbs but you’re super crazy busy, got it.” Cue the 🙄. Yes. Johnny is judgmental as f*ck. But the numbers back his skepticism. On Friday, July 17, 2026, Fitch Ratings (“Fitch”) issued new commentary.