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Strong to the Finish, LLC, identified as the owner and assignee landlord of the leased premises, filed an administrative-expense application seeking payment of postpetition rent, property taxes, and attorneys’ fees. The filing places a commercial landlord’s postpetition lease-cost claim into the estate’s administrative-expense stack rather than the prepetition unsecured pool.
The court has set the application for an August 19 hearing in its notice of hearing. Allowance would elevate the landlord’s costs alongside other administrative obligations and add pressure to the debtor’s available cash as it continues managing its operating assets and creditor demands.
Sailormen asked the court to authorize use of cash collateral to pay remaining administrative expenses and complete its winddown through August 30, 2026 in its Cash Collateral and Winddown Motion. The requested budget projects $14.811 million of receipts, including $11.015 million of employee-retention-tax-credit proceeds, against $11.020 million of operating disbursements, $1.537 million of restructuring costs, $750,000 of KEIP payments, and $116,103 of insurance costs.
The motion places the case’s remaining liquidity at the center of the winddown: it identifies approximately $7.382 million of projected net asset-sale proceeds after cure costs and notes disputes over $2.5 million of Orlando-sale escrow funds and the funding source for the KEIP payment. The court set an evidentiary hearing on the request for August 13, making cash availability, stakeholder priorities, and payment authority the immediate issues for the estate.
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