Level Four Orthotics & Prosthetics, Inc. d/b/a Restore POC

The Restore POC cases are closed after a liquidating-trust wind-down, with the Court entering a Final Decree OrderDkt. 531 on May 8, 2026 and cancelling the last scheduled hearing as resolved through the notice cancelling the May 14 hearingDkt. 532. The debtor began in Chapter 11 on August 29, 2022, when Level Four Orthotics & Prosthetics and affiliated operating entities filed in Delaware after a leveraged acquisition strategy, COVID-era clinic disruption, and a capital structure dominated by Penta-related secured debt left the business pursuing a court-supervised sale path through a Subchapter V case, as described in the first-day declarationDkt. 4.

At filing, Restore POC operated a multi-state orthotics and prosthetics platform serving veterans, elderly patients, underserved populations, and infants, but its prepetition balance sheet carried roughly $20.2 million of loan obligations, including BB&T-originated first-lien debt later held by Penta, extensive Penta second-lien note debt, and a pending PPP forgiveness exposure. The debtor’s proposed restructuring path was not an operating deleveraging plan; management had already determined that a Section 363 sale was the best available route and identified Bionic Prosthetics and Orthotics Group LLC as stalking horse purchaser at a $3.25 million purchase price, while selecting Penta’s DIP proposal over a competing financing offer, according to the first-day declarationDkt. 4.