Lena Brands is in Chapter 11 with final authority to use cash collateral under a court-approved budget and procedures in place to reject leases and contracts. The next identified milestone is the November 12, 2026 deadline for governmental claims established by the claims bar date order Dkt. 149.

Lena Brands is proceeding in Chapter 11 with court-authorized use of cash collateral and a process for rejecting unwanted leases and contracts. The final cash collateral order Dkt. 84, entered June 12, 2026, permits spending under a budget with a 15% cumulative variance limit and grants Libertas Funding and US Foods replacement liens for actual diminution in collateral value, subject to the order’s protections and preserved challenges.

Lena Brands, which does business as Shari’s and Coco’s, filed its Chapter 11 petition Dkt. 1 on May 15, 2026, alongside affiliated debtors. It estimated assets of $1,000,001 to $10 million and liabilities of $10,000,001 to $50 million. The debtors later said their records work was complicated by legacy leases, contracts and vendor arrangements that had not been formally transitioned after the October 2024 acquisition transaction, as well as the reconciliation of delivery-platform receivables. Schedules extension motion Dkt. 83.

For purposes of the cash collateral order and adequate protection, the debtors stipulated to a $1,668,000 secured claim for Libertas and a secured claim of at least $729,827.62 for US Foods, subject to the order’s reservations. US Foods’ replacement liens on overlapping collateral are junior to Libertas’ liens. The court separately authorized rejection of the Summit Country Center lease effective May 15 and approved broader lease and contract rejection procedures Dkt. 146. Summit Country lease order Dkt. 81.

The next identified milestone is the November 12, 2026 deadline for governmental proofs of claim. The claims bar date order Dkt. 149 also sets a general claims deadline by reference to service of the bar date notice and provides separate rules for certain administrative and rejection-damages claims.

Lena Brands is in Chapter 11 with final authority to use cash collateral under a court-approved budget and procedures in place to reject leases and contracts. The next identified milestone is the November 12, 2026 deadline for governmental claims established by the claims bar date order Dkt. 149.

Lena Brands is proceeding in Chapter 11 with court-authorized use of cash collateral and a process for rejecting unwanted leases and contracts. The final cash collateral order Dkt. 84, entered June 12, 2026, permits spending under a budget with a 15% cumulative variance limit and grants Libertas Funding and US Foods replacement liens for actual diminution in collateral value, subject to the order’s protections and preserved challenges.

Lena Brands, which does business as Shari’s and Coco’s, filed its Chapter 11 petition Dkt. 1 on May 15, 2026, alongside affiliated debtors. It estimated assets of $1,000,001 to $10 million and liabilities of $10,000,001 to $50 million. The debtors later said their records work was complicated by legacy leases, contracts and vendor arrangements that had not been formally transitioned after the October 2024 acquisition transaction, as well as the reconciliation of delivery-platform receivables. Schedules extension motion Dkt. 83.

For purposes of the cash collateral order and adequate protection, the debtors stipulated to a $1,668,000 secured claim for Libertas and a secured claim of at least $729,827.62 for US Foods, subject to the order’s reservations. US Foods’ replacement liens on overlapping collateral are junior to Libertas’ liens. The court separately authorized rejection of the Summit Country Center lease effective May 15 and approved broader lease and contract rejection procedures Dkt. 146. Summit Country lease order Dkt. 81.

The next identified milestone is the November 12, 2026 deadline for governmental proofs of claim. The claims bar date order Dkt. 149 also sets a general claims deadline by reference to service of the bar date notice and provides separate rules for certain administrative and rejection-damages claims.