/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/170712.mbx T R O U B L E D C O M P A N Y R E P O R T E R Wednesday, July 12, 2017, Vol. 21, No. 192 Headlines ABENGOA BIOENERGY: Taps Teneo Capital as Restructuring Advisor ACADANIA MANAGEMENT: Taps Gold Weems as Bankruptcy Attorney ADPT DFW: Equity Committee Taps Brown Rudnick as Co-Counsel ADVANCED MICRO: Mubadala Investment Reports 16.9% Equity Stake ALL-STATE FIRE: Taps Dennis & Company as Accountant ALL-TEX STAFFING: Taps Gregory Law Group as Special Counsel ALTADENA LINCOLN: Hires Salvato Law Offices as Attorney ANDROS DEVELOPMENT: Taps Marcus & Millichap, Premier as Brokers ANGELICA CORPORATION: Plan Confirmation Hearing Set for August 22 BALLANTRAE LLC: May Use Cash Collateral Until Sept. 6 BARIA AND SONS: May Use Cash Collateral Until July 18 BENCHMARK POST: Taps Hymes Schreiber as Special Counsel CAPITAL CHRISTIAN: Court Approves Disclosure Statement CASHMAN EQUIPMENT: Hires Francis J. Musso CPA as Accountant CASHMAN EQUIPMENT: Hires Murphy & King as Bankruptcy Counsel CAYOT REALTY: Unsecureds to be Paid in Full with Interest CELEBRATION COVE: Great Southern Bank Wants to Block Cash Use CGG HOLDING: Hires AlixPartners as Financial Advisor COBALT INTERNATIONAL: Regains Compliance with NYSE Bid Price Rule CRYSTAL ENTERPRISES: 15% Recovery for Unsecureds Under Latest Plan DELTA BUSINESS: Voluntary Chapter 11 Case Summary DOLLAR MART: First Citizens Debt Amortized Over 10 Yrs at 5% DOOR TO DOOR STORAGE: Taps Chris Bennett as Accountant DR. LUIS A. VINAS: May Use Cash Collateral Until July 31 FARMER'S MECHANICAL: August 17 Plan Outline Hearing FOLTS HOME: Staff Shortages and Oxygen System Issues Remain FOSTER ENTERPRISES: Case Summary & 20 Largest Unsecured Creditors GOURMET EXPRESS: Seeks to Hire Gohn Hankey as Special Counsel GYMBOREE CORP: Hires A&G Realty Partners as Real Estate Consultant GYMBOREE CORP: Hires Kirkland & Ellis as Bankruptcy Counsel GYMBOREE CORP: Hires Munger Tolles & Olson as Conflicts Counsel HAIRLAND CORP: Unsecured Creditors to be Paid 3% Under Exit Plan IBEX LLC: Employs Wadsworth Warner as Counsel IBEX LLC: Hires Jensen Dulaney as Special Counsel IMH FINANCIAL: Four Directors Elected by Stockholders INDUSTRIE SERVICE: Seeks to Hire Ouzts Ouzts as Accountant IPEK PROPERTIES: Hires Erol Gulistan as Attorney J & J CHEMICAL: Trustee Taps Cosho Humphrey as Attorney JLC TRANSPORTS: August 10 Plan, Disclosures Hearing LIFE PREMIUM: Chapter 15 Case Summary LONG BEACH MEDICAL: Komanoff Unsecureds to Recoup 11-32% Under Plan LUCKY DUCK: Disclosures Conditionally OK'd; Plan Hearing on Aug. 17 MAIN STREET CAFE: Taps Swenson Law Group as Legal Counsel MCAADS.COM LLC: Taps Lexium PLLC as Special Counsel MESA OIL: Taps Coan Payton as Special Counsel MINI MASTER: Unsecureds to Get Paid from $50K Carve-Out MLRG INC: WRIT Wants Approval of Plan and Disclosures Denied MOREHEAD MEMORIAL: Case Summary & 20 Largest Unsecured Creditors MOTEL TROPICAL: Disclosures OK'd; Plan Hearing on Aug. 23 NORTH BEACHES PHARMACY: Court Denies Bid to Use Cash Collateral OMNI LOOKOUT: Taps Hajjar Peters as Legal Counsel PLASCO TOOLING: Hires Wernette Heilman as Attorney PORTER BANCORP: Obtains $10-M Financing from First Merchants Bank PORTER FIELD: U.S. Trustee Directed to Appoint PCO PUBLE NV: Unsecureds to Recoup 100% Under Plan RATAMESS CHIROPRACTIC: Incurs Debt to Pay Creditors in Full RIVER CREST: Case Summary & Largest Unsecured Creditors RUE21 INC: ARC, et al., Seek Rejection of Plan Disclosures RUE21 INC: Wareham, et al., Block Approval of Plan and Disclosures S&F MEAT: Case Summary & 20 Largest Unsecured Creditors S&S HOLDING: Wants to Use Radius Bank's Cash Collateral SEANERGY MARITIME: Cancels $20 Million ATM Equity Offering Program SEVEN GROUP: Hires Lockwood & Meade as Real Estate Broker STINAR HG: July 26 Hearing on Bid to Use Cash Collateral SUN PROPERTY: Unsecured Creditors to Get $25K Under Proposed Plan TAKATA CORP: Alexander Bowers Joins Tort Claimants Committee TOWERSTREAM CORP: Proposes to Offer Shares of Common Stock TRES AMIGOS MEXICAN: Seeks Approval to Hire Franklin Accounting TROXELL COMPANY: Hires Cook McDonald as Accountant TROXELL COMPANY: Hires Forshey & Prostock as Attorney VALUEPART INC: ACF FinCo Tries to Block Disclosures Approval VALUEPART INC: Jiangxi & Valuepart Changtai Object to Disclosures VANGUARD HEALTH: Court Extends Plan Filing Until August 8 VINCHEM USA: Seeks to Hire A+ Accounting and Tax WHAA LLC: Taps Lee & Associates as Real Estate Broker WOMEN'S HEALTH: May Use Cash Collateral Until Aug. 9 WORDSWORTH ACADEMY: Hires Dilworth Paxson as Counsel WORDSWORTH ACADEMY: Hires Donlin as Claims and Noticing Agent WORDSWORTH ACADEMY: Taps Getzler Henrich as Financial Advisor YIELD10 BIOSCIENCE: Prices $2.3 Million Registered Direct Offering ********* ABENGOA BIOENERGY: Taps Teneo Capital as Restructuring Advisor -------------------------------------------------------------- Abengoa Bioenergy US Holding LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Missouri to hire Teneo Capital LLC as restructuring advisor. The firm will provide consulting services to the company and its affiliates in connection with the litigation surrounding the claims of Compania Espanola de Financiacion del Desarrollo, Cofides, S.A., and the confirmation of the Debtors' Chapter 11 plan. Teneo Capital will also provide expert testimony in support of the Debtors' bankruptcy cases if requested, and prepare an expert report. The Debtors tapped the firm after its senior managing director Christopher Wu, who had provided them with consulting services while he was a partner at Carl Marks Advisory Group LLC, began working for the firm in April this year. Teneo Capital will receive a monthly consulting fee of $150,000, and will be reimbursed for work-related expenses. As Mr. Wu began providing the consulting services while he was a partner at CMAG, the firms have agreed that CMAG will receive the first monthly installment of $150,000 while Teneo Capital will receive the second installment of $150,000. Mr. Wu disclosed in a court filing that his firm is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code. Teneo Capital can be reached through: Christopher K. Wu Teneo Capital LLC 280 Park Avenue, 4th Floor New York, NY 10017 Tel: +1 (212) 886 1600 Fax: +1 (212) 886 9399 Email: Info@TeneoHoldings.com About Abengoa Bioenergy US Holding Abengoa Bioenergy is a collection of indirect subsidiaries of Abengoa S.A., a Spanish company founded in 1941. The global headquarters of Abengoa Bioenergy is in Chesterfield, Missouri. With a total investment of $3.3 billion, the United States has become Abengoa S.A.'s largest market in terms of sales volume, particularly from developing solar, bioethanol, and water projects. Spanish energy giant Abengoa S.A. is an engineering and clean technology company with operations in more than 50 countries worldwide that provides innovative solutions for a diverse range of customers in the energy and environmental sectors. Abengoa is one of the world's top builders of power lines transporting energy across Latin America and a top engineering and construction business, making massive renewable-energy power plants worldwide. On Nov. 25, 2015, in Spain, Abengoa S.A. announced its intention to seek protection under Article 5bis of Spanish insolvency law, a pre-insolvency statute that permits a company to enter into negotiations with certain creditors for restricting of its financial affairs. The Spanish company is facing a March 28, 2016, deadline to agree on a viability plan or restructuring plan with its banks and bondholders, without which it could be forced to declare bankruptcy. Gavilon Grain, LLC, et al., on Feb. 1, 2016, filed an involuntary Chapter 7 petition for Abengoa Bioenergy of Nebraska, LLC ("ABNE") and on Feb. 11, 2016, filed an involuntary Chapter 7 petition for Abengoa Bioenergy Company, LLC ("ABC"). ABC's involuntary Chapter 7 case is Bankr. D. Kan. Case No. 16-20178. ABNE's involuntary Case is Bankr. D. Neb. Case No. 16-80141. An order for relief has not been entered, and no interim Chapter 7 trustee has been appointed in the Involuntary Cases. The petitioning creditors are represented by McGrath, North, Mullin & Kratz, P.C. On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC, and five affiliated debtors each filed a Chapter 11 voluntary petition in St. Louis, Missouri, disclosing total assets of $1.3 billion and debt of $1.2 billion. The cases are pending before the Honorable Kathy A. Surratt-States and are jointly administered under Bankr. E.D. Mo. Case No. 16-41161. The Debtors have engaged DLA Piper LLP (US) as counsel, Armstron Teasdale LLP as co-counsel, Alvarez & Marsal North America, LLC as financial advisor, Lazard as investment banker and Prime Clerk LLC as claims and noticing agent. The Troubled Company Reporter, on March 14, 2016, reported that the Office of the U.S. Trustee appointed seven creditors of Abengoa Bioenergy US Holding LLC and its affiliates to serve on the official committee of unsecured creditors. The Office of the U.S. Trustee on June 14 appointed three creditors of Abengoa Bioenergy Biomass of Kansas LLC to serve on the official committee of unsecured creditors. The creditors' committee of Abengoa Bioenergy US Holdings retained Lovells US LLP as counsel, Thompson Coburn LLP as local counsel, and FTI Consulting, Inc. as financial advisor. The creditors' committee of Abengoa Bioenergy Biomass of Kansas retained Baker & Hostetler LLP as counsel, Robert L. Baer as local counsel, and MelCap Partners, LLC as financial advisor and investment banker. On January 25, 2017, the Debtors filed a joint Chapter 11 plan of liquidation and disclosure statement. The court approved the disclosure statement after a hearing on February 27, 2017. ACADANIA MANAGEMENT: Taps Gold Weems as Bankruptcy Attorney ----------------------------------------------------------- Acadiana Management Group, LLC, et al., seek authority from US Bankruptcy Court for the Western District of Lousiana, Lafayette Division, to employ Bradley L. Drell and the law firm of Gold, Weems, Bruser, Sues & Rundell as its attorneys under a general retainer to give the Debtors legal advice with respect to the Debtors' powers and duties as debtors-in-possession in the continued operation of the Debtors' business and management of the Debtors' property and to perform all legal services for the debtors-in-possession which may be necessary. In order for Gold Weems to commence their representation, the Firm requires the deposit of a retainer in the amount of $100,000, plus all initial filing fees. Currently, Gold Weems' hourly fees are: Bradley L. Drell $350 Shareholders $225 to $395 Associates $180 to $210 Paralegals $90 Bradley L. Drell, Esq., attests that he and the law firm of Gold, Weems, Bruser, Sues & Rundell have no connection with the Debtors, the creditors or any other party in interest or their respective attorneys and accountants, or the United States Trustee or any person employed in the Office of the United States Trustee, other than as disclosed in response to the last question on the Supplemental Schedule. To the best of the Debtors' knowledge and as evidenced by the attached declaration, no attorney of the law firm of Gold, Weems, Bruser, Sues & Rundell holds or represents an interest adverse to the Debtor and all attorneys are "disinterested" persons under the Bankruptcy Code. Gold can be reached through: Bradley L. Drell, Esq. Heather M. Mathews, Esq. B. Gene Taylor, III, Esq. GOLD, WEEMS, BRUSER, SUES & RUNDELL P. O. Box 6118 Alexandria, LA 71307-6118 Tel: (318) 445-6471 Fax: (318) 445-6476 E-mail: bdrell@goldweems.com About Acadiana Management Acadiana Management and several affiliates sought Chapter 11 bankruptcy protection (Bankr. W.D. La. Lead Case No. 17-50799) on June 23, 2017. The petitions were signed by August J. Rantz, IV, president. Judge Robert Summerhays presides over the cases. The affiliates are AMG Hospital Company, LLC (Bankr. W.D. La. Case No. 17-50800), AMG Hospital Company II, LLC (Bankr. W.D. La. Case No. 17-50801), Albuquerque-AMG Specialty Hospital, LLC (Bankr. W.D. La. Case No. 17-50802), Central Indiana - AMG Specialty Hospital, LLC (Bankr. W.D. La. Case No. 17-50803), Tulsa - AMG Specialty Hospital, LLC (Bankr. W.D. La. Case No. 17-50804), LTAC Hospital of Louisiana - Denham Springs, LLC (Bankr. W.D. La. Case No. 17-50805), Las Vegas - AMG Specialty Hospital, LLC (Bankr. W.D. La. Case No. 17-50806), LTAC Hospital of Greenwood, LLC (Bankr. W.D. La. Case No. 17-50807), LTAC Hospital of Louisiana, LLC (Bankr. W.D. La. Case No. 17-50808), Houma - AMG Specialty Hospital, LLC (Bankr. W.D. La. Case No. 17-50809), LTAC Hospital of Edmond, LLC (Bankr. W.D. La. Case No. 17-50810), LTAC Hospital of Wichita, LLC (Bankr. W.D. La. Case No. 17-50811), AMG Realty I, LLC (Bankr. W.D. La. Case No. 17-50812), CHFG Albuquerque, LLC (Bankr. W.D. La. Case No. 17-50813), and AMG Realty Youngsville, LLC (Bankr. W.D. La. Case No. 17-50814). Bradley L. Drell, Esq., Heather M. Mathews, Esq., and Gene B. Taylor, III, Esq., at Gold, Weems, Bruser, Sues & Rundell serves as the Debtors' bankruptcy counsel. Acadiana Management estimated its assets at up to $50,000 and its debt at between $50 million and $100 million ADPT DFW: Equity Committee Taps Brown Rudnick as Co-Counsel ----------------------------------------------------------- The official committee of equity security holders of Adeptus Health Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Brown Rudnick LLP. The firm will serve as co-counsel with Winstead PC, another firm tapped by the equity committee to be its legal counsel in Adeptus Health's Chapter 11 case. Brown Rudnick will advice the equity committee regarding the overall administration of the case; analyze the conduct of Adeptus Health's affairs; participate in examinations of witnesses; and assist in the preparation of a plan of reorganization. The hourly rates charged by the firm range from $435 to $1,455 for its attorneys, and from $285 to $425 for paraprofessionals. The primary attorneys who will represent the equity committee are: Edward Weisfelner $1,455 Jeffrey Jonas $1,235 Mark Baldwin $1,030 Bennett Silverberg $975 Bennett Silverberg, Esq., at Brown Rudnick, disclosed in a court filing that the firm does not hold or represent any interest adverse to the estates of Adeptus Health and its affiliates. In accordance with Appendix B-Guidelines for reviewing fee applications filed by attorneys in larger Chapter 11 cases, Brown Rudnick disclosed that it has not agreed to a variation of its standard or customary billing arrangements for its employment with the firm. Brown Rudnick also disclosed that the professionals involved have not varied their rate based upon the geographic location of the Debtors' cases, and that the firm did not represent the equity committee prior to the petition date. The firm can be reached through: Edward S. Weisfelner, Esq. Bennett S. Silverberg, Esq. Brown Rudnick LLP Seven Times Square New York, NY 10036 Tel: (212) 209-4800 Fax: (212) 209-4801 About ADPT DFW Holdings LLC Adeptus Health LLC -- http://www.adpt.com/-- through its subsidiaries, owns and operates hospitals and free standing emergency rooms in partnership with various healthcare providers. Adeptus Health Inc. is a holding company whose sole material asset is a controlling equity interest in Adeptus Health LLC. Lewisville, Texas-based ADPT DFW Holdings LLC and its affiliates, including Adeptus Health, Inc., and Adeptus Health LLC, each filed Chapter 11 bankruptcy petitions (Bankr. N.D. Tex. Lead Case No. 17-31432) on April 19, 2017, listing $798.7 million in total assets and $453.48 million in total debt as of Sept. 30, 2016. Andrew Hinkelman, their chief restructuring officer, signed the petitions. Judge Stacey G. Jernigan presides over the cases. Elizabeth Nicolle Boydston, Esq., Kristian W. Gluck, Esq., John N. Schwartz, Esq., Timothy S. Springer, Esq., and Louis R. Strubeck, Jr., Esq., at Norton Rose Fulbright US LLP serve as the Debtors' bankruptcy counsel. The Debtors tapped DLA Piper LLP (US) as special counsel; FTI Consulting, Inc., as chief restructuring officer; Houlihan Lokey, Inc., as investment banker; and Epiq Systems as claims and noticing agent. On May 1, 2017, a nine-member official unsecured creditors committee was formed in the case. The committee tapped Akin Gump Strauss Hauer & Feld LLP as counsel. The Committee retained CohnReznick as financial advisors. On June 19, 2017, the U.S. Trustee appointed an official committee of equity security holders. The equity committee hired Winstead P.C. as legal counsel. Daniel T. McMurray has been named as Patient Care Ombudsman in the Debtors' cases. The PCO tapped Focus Management Group USA, Inc., as medical operations advisor. ADVANCED MICRO: Mubadala Investment Reports 16.9% Equity Stake -------------------------------------------------------------- In an amended Schedule 13D filed with the Securities and Exchange Commission, Mubadala Investment Company PJSC, Mubadala Development Company PJSC, West Coast Hitech L.P. and West Coast Hitech G.P. Ltd. disclosed that as of July 1, 2017, they beneficially own 171,906,166 shares of common stock, par value $0.01 per share, of Advanced Micro Devices, Inc. representing 16.9% of the shares outstanding. The percentage of the class owned by Mubadala et al. is based on 1,020,016,174 shares of common stock of the issuer deemed to be outstanding pursuant to Rule 13d-3(d)(1), using the number of shares outstanding as of May 4, 2017, as reported in the Company's most recent Quarterly Report on Form 10-Q, filed on May 8, 2017. Mubadala Investment Company is a public joint stock company headquartered in Abu Dhabi, the capital of the United Arab Emirates. Mubadala Investment Company's sole shareholder is the Government of the Emirate of Abu Dhabi. Its principal business is the development and management of an extensive and economically diverse portfolio of commercial initiatives designed to accelerate economic growth for the long-term benefit of Abu Dhabi. The principal business address of Mubadala Investment Company is P.O. Box 45005, Abu Dhabi, United Arab Emirates. Mubadala Development Company is a public joint stock company headquartered in Abu Dhabi, the capital of the United Arab Emirates. Mubadala Development Company's sole shareholder is Mubadala Investment Company. The principal business address of Mubadala Development Company is P.O. Box 45005, Abu Dhabi, United Arab Emirates. West Coast Hitech G.P., Ltd. is a Cayman Islands corporation wholly-owned by Mubadala Development Company that acts as the general partner of Holder. The principal business address of West Coast Hitech G.P., Ltd. is c/o Intertrust Corporate Services (Cayman) Limited, 190 Elgin Avenue, George Town, Grand Cayman KY1-9005, Cayman Islands. Mubadala et al. said they are deemed to beneficially own 25,000,000 shares of Common Stock under the Warrant Agreement, which will become exercisable on Aug. 30, 2017. A full-text copy of Schedule 13D/A is available for free at: https://is.gd/65s4gV About Advanced Micro Devices Sunnyvale, California-based Advanced Micro Devices, Inc., (NASDAQ:AMD) is a global semiconductor company. AMD -- http://www.amd.com/-- offers x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles. AMD incurred a net loss of $497 million for the year ended Dec. 31, 2016, following a net loss of $660 million for the year ended Dec. 26, 2015. As of April 1, 2017, Advanced Micro had $3.29 billion in total assets, $2.89 billion in total liabilities and $409 million in total stockholders' equity. * * * In March 2017, S&P Global Ratings said it raised its corporate credit rating on Sunnyvale, Calif.-based Advanced Micro Devices to 'B-' from 'CCC+'. "Our upgrade reflects our view of the Company's capital structure as sustainable following a series of deleveraging transactions, a return to revenue growth, and improving, if still weak, profitability," said S&P Global Ratings credit analyst James Thomas. ALL-STATE FIRE: Taps Dennis & Company as Accountant --------------------------------------------------- All-State Fire Protection, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire an accountant. The Debtor proposes to hire Dennis & Company, P.C. to prepare periodic reports and provide other accounting services related to its Chapter 11 case. The hourly rates charged by the firm are: Mark Dennis $210 David Dennis $250 Administrative Staff $100 The Debtor has agreed to provide the firm with a $10,000 retainer for its fees and costs. Mark Dennis, a certified public accountant employed with Dennis & Company, disclosed in a court filing that his firm is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Mark D. Dennis Dennis & Company, P.C. 8400 East Crescent Parkway, Suite 600 Greenwood Village, CO 80111 Phone: 720-528-4087 / 720-219-9796 Email: mark@denniscocpa.com About All-State Fire Protection Inc. All-State Fire Protection, Inc., based in Wiggins, Colo., specializes in the installation of fire sprinkler systems for residential and commercial clients. The company filed a Chapter 11 petition (Bankr. D. Colo. Case No. 17-15844) on June 23, 2016. The Hon. Thomas B. McNamara presides over the case. Kenneth J. Buechler, Esq., at Buechler & Garber, serves as bankruptcy counsel. In its petition, the Debtor estimated $1 million to $10 million in both assets and liabilities. The petition was signed by Raymond Gibler, president. A list of the Debtor's 20 largest unsecured creditors is available for free at http://bankrupt.com/misc/cob17-15844.pdf ALL-TEX STAFFING: Taps Gregory Law Group as Special Counsel ----------------------------------------------------------- All-Tex Staffing & Personnel, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Gregory Law Group as special counsel. The firm will represent the Debtor with respect to the Internal Revenue Service's tax matters. The Debtor had previously filed an application to employ the firm but it was denied by the court on July 5 due to the Debtor's "failure to attach exhibit to the proposed order," according to court filings. The hourly rates charged by the firm are: Garrett Gregory, Sr. Attorney $380 Deborah Gregory, Sr. Attorney $380 Associate Attorney $300 Enrolled Agent/Paralegal $250 Clerical $50 Garrett Gregory, Esq., disclosed in a court filing that the firm is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Garrett Gregory, Esq. Deborah Gregory, Esq. Gregory Law Group 15851 Dallas Parkway, Suite 105 Dallas, TX Phone: (972) 331-6666 Fax: (972) 331-6680 Email: garrettgregory@gregorytaxlaw.com Email: deborahgregory@gregorytaxlaw.com About All-Tex Staffing & Personnel All-Tex Staffing & Personnel, Inc., based in Houston, Texas, filed a Chapter 11 petition (Bankr. S.D. Tex. Case No. 17-31109) on February 26, 2017. In its petition, the Debtor estimated $500,000 to $1 million in assets and $1 million to $10 million in liabilities. The petition was signed by Archie N. Patterson, president. Judge Jeff Bohm presides over the case. Reese W. Baker, Esq., at Baker & Associates, serves as bankruptcy counsel. No trustee or unsecured creditors' committee has been appointed. ALTADENA LINCOLN: Hires Salvato Law Offices as Attorney ------------------------------------------------------- Altadena Lincoln Crossing LLC seeks authority from the US Bankruptcy Court for the Central District of California, Los Angeles Division, to employ Salvato Law Offices, to act as attorney for the Debtor -- both as general bankruptcy counsel and as litigation counsel -- in its Chapter 11 case. Services to be rendered by Salvato Law are: a. advise and assist the Debtor in the preparation of all statements, schedules, records and reports required by applicable law in connection with the initiation and operation of the case; b. attend the Meeting of Creditors; c. appear at all hearings where the attorney for the Debtor is required to appear; d. advise the Debtor regarding matters of bankruptcy law and concerning the requirements of the Bankruptcy Code, and Bankruptcy Rules relating to the administration of this case, and the operation of the Debtor's estate as a debtor in possession, including preparation and confirmation of a Plan of Reorganization; and e. represent the Debtor in connection with any pending or subsequently commenced adversary proceeding in the Bankruptcy Court. FRBP 2014(a). Firm personnel and their current hourly rates are: Gregory M. Salvato, Esq. $495.00 Joseph Boufadel, Esq. $350.00 Paralegal $150.00 The Debtor is also informed that the Firm charges for incurred expenses such as filing fees, expert consultations and witnesses, investigative services, transcripts, travel, and messenger services. Gregory M. Salvato, Esq. attests that Salvato Law Offices does not have an interest materially adverse to the interest of the estate or of any class of creditors or equity security holders, by reason of any direct or indirect relationship to, connection with, or interest in, the Debtor, or for any other reason. The Firm can be reached through: Gregory M. Salvato, Esq. Joseph Boufadel, Esq. SALVATO LAW OFFICES Wells Fargo Center 355 South Grand Avenue, Suite 2450 Los Angeles, CA 90071-9500 Telephone: (213) 484-8400 Email: Gsalvato@salvatolawoffices.com Jboufadel@salvatolawoffices.com About Altadena Lincoln Crossing LLC Headquartered in Pasadena, California, Altadena Lincoln Crossing LLC, a Delaware limited liability company, filed for Chapter 11 bankruptcy protection (Bankr. C.D. Cal. Case No. 17-14276) on April 7, 2017, estimating its assets and liabilities at between $10 million and $50 million each. The petition was signed by Greg Galletly, manager. The Debtor is an affiliate of BGM Pasadena, LLC, which sought bankruptcy protection on Nov. 20, 2015 (Bankr. C.D. Cal. Case No. 15-27833). Judge Julia W. Brand presides over Altadena's case. James A Tiemstra, Esq., at Tiemstra Law Group PC serves as the Debtor's bankruptcy counsel. ANDROS DEVELOPMENT: Taps Marcus & Millichap, Premier as Brokers --------------------------------------------------------------- Andros Development Corporation seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire brokers in connection with the sale of its real property. The Debtor proposes to hire Arthur Porosoff of Marcus & Millichap Real Estate Investment Services, Inc., and Lorenzo Perez, Jr. of Premier International Properties, Inc. to market and sell the property located at 3471 and 3560 Grand Avenue, Miami, Florida. The property is part of an assemblage of real properties which, if sold together, would constitute three city blocks in the center of Coconut Grove, which is ripe for development, according to court filings. The Debtor will pay a commission of 5% of the purchase price. The purchase price for the property is $29,360,762. Marcus & Millichap and Premier International are "disinterested" as defined in section 101(14) of the Bankruptcy Code, according to court filings. The firms can be reached through: Arthur Porosoff Marcus & Millichap Real Estate Investment Services, Inc. 5201 Blue Lagoon Drive, Suite 100 Miami, FL 33126 Tel: (786) 522-7058 Fax: (305) 675-2701 Email: arthur.porosoff@marcusmillichap.com -- and -- Lorenzo Perez, Jr. Premier International Properties, Inc. 3850 Bird Road, Penthouse One Coral Gables, FL 33146 Tel: (305) 225-7587 Email: lorenzo@piprops.com About Andros Development Corp. Based in Coral Gables, Florida, Andros Development Corp. owns a vacant lot located at 3560 Grand Ave Miami, Florida, valued at $818,750. Each of Julio C. Marrero and Orlando Benitez, Jr. owns a 45% equity stake in the Debtor. The other 10% is held by Phillip Muskat. Andros Development is an affiliate of Grand Abbaco Development of Village West Corp and Nassau Development of Village West, Corp., each of which filed for bankruptcy protection on March 27, 2016, and Oct. 2, 2015, respectively. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 17-13760) on March 28, 2017. The petition was signed by Phillip Muskat, officer and shareholder. The case is assigned to Judge Laurel M. Isicoff. At the time of the filing, the Debtor disclosed $1.64 million in assets and $5.53 million in liabilities. ANGELICA CORPORATION: Plan Confirmation Hearing Set for August 22 ----------------------------------------------------------------- The Hon. James L. Garrity of the U.S. Bankruptcy Court for the Southern District of New York will hold a hearing on Aug. 22, 2017, at 11:00 a.m. (Eastern Time) in Room 601, One Bowling Green, New York, New York, to confirm the second amended joint Chapter 11 plan dated June 29, 2017, of Angelica Corporation and its debtor-affiliates. Objections to the confirmation of the Debtors' second amended plan must be filed no later than 12:00 p.m. (Eastern Time) on Aug. 7. On June 30, 2017, the Court approved the Debtors' revised disclosure statement explaining their second amended Chapter 11 plan. All votes to accept or reject the Debtors' second amended plan must be received by the Debtors' voting agent, Prime Clerk LLC, by no later than 4:00 p.m. (Eastern Time) on Aug. 4, 2017. As reported by the Troubled Company Reporter on July 4, 2017, Class 6 General Unsecured Claims are impaired by the Plan and the holders are expected to recover 0% to 3%. On the Effective Date, or as soon thereafter as is reasonably practicable, except to the extent that a holder of an Allowed General Unsecured Claim agrees to less favorable treatment of Allowed General Unsecured Claim or has been paid before the Effective Date, each holder of an Allowed General Unsecured Claim will receive, in full and final satisfaction of the claim, its pro rata share of: i) the General Unsecured Claims Recovery Amount; ii) the proceeds from any asset sales, settlements of causes of action, or investments of cash executed by the Plan Administrator after the Effective Date in accordance with the authorities granted to the Plan Administrator; and iii) the Creditor Recovery Trust Interests. In no event will the holder of a General Unsecured Claim receive distributions on account of the claim in excess of the allowed amount of the claim. On the Effective Date or as soon as reasonably practicable thereafter, the Debtors will make the General Unsecured Claims Recovery Amount available for use by the Plan Administrator and to fund the activities of the Creditor Recovery Trust. The Revised Disclosure Statement is available at: http://bankrupt.com/misc/nysb17-10870-328.pdf As reported by the Troubled Company Reporter on May 31, 2017, Angelica Corporation filed with the Court a Chapter 11 plan that proposes to pay claims from the liquidation of the remaining assets of the company and its affiliates. The purpose of that plan was to provide a mechanism to implement the liquidation of the companies' remaining assets, and distribute the net proceeds, including the remaining proceeds from the sale of most of their assets to an affiliate of their pre-bankruptcy lender KKR Credit Advisors (US) LLC, or to another buyer with a better offer. About Angelica Corp. Headquartered in Alpharetta, Georgia, Angelica Corp. is a national provider of medical laundry and linen management services, supplying approximately 3,800 healthcare providers in 25 states, including approximately 850 hospitals, 350 long-term care facilities, and 2,600 outpatient medical practices. Angelica provides its laundry and linen management services through a network of over 30 laundry plants and depots located across the nation and a fleet of over 220 delivery vehicles. It currently employs approximately 3,900 employees, roughly 69% of whom are unionized. Angelica Corp., formerly known as Angelica, Angelica Healthcare, and Angelica Image Apparel, and four of its affiliates sought Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 17-10870) on April 3, 2017. The petitions were signed by John Makuch, interim chief financial officer. Angelica disclosed assets at $208 million and liabilities at $216.8 million as of Dec. 24, 2016. The cases are assigned to Judge James L. Garrity Jr. The Debtors tapped Weil, Gotshal & Magnes LLP as bankruptcy counsel, and Grant Thornton LLP as auditor and tax advisor. An official committee of unsecured creditors has been appointed in the Chapter 11 cases. The committee hired Cole Schotz, PC, as bankruptcy counsel and FTI Consulting, Inc., as financial advisor. BALLANTRAE LLC: May Use Cash Collateral Until Sept. 6 ----------------------------------------------------- The Hon. Erik P. Kimball of the U.S. Bankruptcy Court for the Southern District of Florida has entered an agreed interim order authorizing Ballantrae, LLC, to use cash collateral of secured creditor American Business Lending, Inc., for 60 days, or until the date of the hearing. A final hearing on the Debtor's request for cash collateral use will be held on Sept. 6, 2017, at 2:00 p.m. As long as the Debtor does not default under the court order by failing to make payment, the Debtor is authorized to use cash collateral. The Debtor is required to pay the U.S. Trustee fee in the approximate amount of $550 per month. The Debtor will pay $16,933.48 per month as adequate protection to ABL, due by the 5th of each month, staring Aug. 5, 2017, by delivering payment to Mitrani, Rynor, Adamsky & Toland, PA Trust Account. The Debtor will not be in default of the obligation unless it receives notice of default by e-mail to its counsel and fails to cure the default by delivery of payment in certified funds within five days of receipt of that notice. Unless otherwise ordered by the Court, any advancements made by the Debtor's principal on behalf of the Debtor will be deemed a gift. The Debtor acknowledges that, for purposes of the relief sought, ABL has a valid first priority lien on the Debtor's real property and all present and future accounts, chattel paper, deposit accounts, personal property, assets and fixtures, general intangibles, instruments, equipment and inventory enforceable against the collateral on the debtor's property located at 5937 Roebuck Road, Jupiter, Florida, securing an outstanding principal balance, together with any prepetition accrued interest, costs and fees. In order to provide ABL with adequate protection, ABL will have, nunc pro tunc as of the commencement of the cases, a replacement lien on and in all property of the Debtor, solely to the same extent and priority, and of the same kind and nature as the property of the Debtor securing the prepetition obligations ABL. ABL will be granted an administrative claim under Section 507(b) of the U.S. Bankruptcy Code with priority over all other administrative expense claims. A copy of the court order is available at: http://bankrupt.com/misc/flsb17-13427-42.pdf As reported by the Troubled Company Reporter on April 13, 2017, the Court previously entered an agreed interim order authorizing the Debtor to use cash collateral on an interim basis, pending a final hearing in June 2017. About Ballantrae, LLC Ballantrae, LLC, has a fee simple interest in a property located at 5397 Roebuck Road, Jupiter, Florida. It operates a pre-school/day care facility doing business as Oceanside Academy School at the property. Ballantrae, LLC, filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 17-13427) on March 22, 2017. The petition was signed by Corinne Gates, Manager Member. At the time of filing, the Debtor had $2.03 million in total assets and $3.42 million in total liabilities. The Debtor tapped Brian K. McMahon, Esq., at Brian K. McMahon, as counsel. BARIA AND SONS: May Use Cash Collateral Until July 18 ----------------------------------------------------- The Hon. James W. Boyd of the U.S. Bankruptcy Court for the Western District of Michigan has entered an agreed order extending Baria and Sons, LLC's interim authority to use cash collateral on a limited basis until July 18, 2017. The hearing to consider the Debtor's use of cash collateral that was scheduled to take place on July 6, 2017, at 11:00 a.m. is adjourned until July 18 at 10:00 a.m. Chemical Bank and LQD Business Finance, LLC, have agreed to the continued cash collateral use. Between July 6 and July 18, the Debtor will only use cash collateral in accordance with the recitation on the record in the Court on July 6. Assuming gross sales of $60,000, the uses are limited to approximately $42,000 to acquire inventory, payroll of $6,640, payroll related taxes of $3,600, sales tax of $3,800, telephone and utilities of $1,800, bank charges of $1,260, and additional utilities of $500. In addition, the Debtor holds $12,000 in its operating bank account as of July 6. Permissible uses for the approximately $12,000 include $3,500 for accrued payroll tax obligations payable July 17 and withholdings and $6,300 for accrued sales tax payable July 21. The Debtor will escrow $1,500 in the IOLTA account of Oppenhuizen Law Firm, PLC, which will provide adequate protection to LQD Business for the period between July 6, 2017, and July 18, 2017, provided that the Court determines, or the parties agree, that the lien of LQD Business is perfected. If the Court determines or the parties agree that the lien of LQD Business is perfected, the $1,500 escrowed with Oppenhuizen Law Firm will be released immediately to LQD Business. If the Court determines or the parties agree that the lien of LQD Business is not perfected, the $1,500 will be returned to the Debtor for use in accordance with further order of the Court, or in the ordinary course of business. Further adequate protection, if any, for LQD Business for the period subsequent to July 18, 2017, will be addressed by the Court at the July 18, 2017 hearing, or by agreement of Debtor and LQD Business. Should the Debtor fail to make its adequate protection payment on a timely basis to Chemical Bank, as provided in the previous interim court orders, Chemical Bank will be entitled to an accelerated hearing on shortened notice related to termination or continued use of cash collateral. The hearing may be held 15 days after Chemical Bank files a notice of default and request for hearing with the Court, or on the Court's first available date thereafter. A copy of the court order is available at: http://bankrupt.com/misc/miwb17-00970-113.pdf As reported by the Troubled Company Reporter on June 2, 2017, the Court authorized the Debtor to use cash collateral for the purpose of paying the application fee for a license to deliver beer, wine and liquor, in the amount of $1,170, for advertising and marketing of the delivery service, not to exceed $500, and for purchasing the Debtor's initial inventory of premium cigars, not to exceed $3,000. About Baria and Sons Baria and Sons, LLC, operates a convenience and liquor store in Spring Lake, Michigan, serving a diverse clientele. The Company sells a wide variety of liquor, from economy brands to relatively high end brands. It also has a large and carefully selected variety of craft beers for sale, including mix and match six packs. It sells various packaged grocery items, sodas, energy drinks, water and brewed coffee. Its customers range from those passing through to locals who live in high end lake homes to economy housing. Baria and Sons filed a Chapter 11 petition (Bankr. W.D. Mich. Case No. 17-00970) on March 6, 2017. Gurinder Baria, general manager, signed the petition. The Debtor estimated assets and liabilities between $500,000 and $1 million. The Debtor is represented by James R. Oppenhuizen, Esq., at Oppenhuizen Law Firm, PLC. No trustee or examiner has been appointed in the Debtor's Chapter 11 case, and no committees have been designated. BENCHMARK POST: Taps Hymes Schreiber as Special Counsel ------------------------------------------------------- Benchmark Post, Inc. and Benchmark Sound Services, Inc. have filed separate applications seeking approval from the U.S. Bankruptcy Court for the Central District of California to hire Hymes, Schreiber & Knox, LLP. The firm will serve as special counsel with respect to the Debtors' non-bankruptcy business needs during the pendency of their Chapter 11 cases. The hourly rates charged by the firm range from $365 to $445 for partners and $275 to $335 for associates. Paralegals charge $250 per hour. Douglas Schreiber, Esq., the lead attorney who will be representing the Debtors, will charge an hourly fee of $445. Prior to the Debtors' bankruptcy filing, Hymes Schreiber received a payment in the amount of $7,500. Mr. Schreiber disclosed in a court filing that his firm does not hold or represent any interest adverse to the Debtors' estates, creditors or equity security holders. The firm can be reached through: Douglas K. Schreiber, Esq. Hymes, Schreiber & Knox, LLP 21333 Oxnard Street, 1st Floor Woodland Hills, CA 91367 Tel: (818) 501-5800 Fax: (818) 501-4019 About Benchmark Post Inc. Located in Burbank, California, Benchmark Post Inc. -- http://www.benchmarkpost.com/-- is an independent facility providing post-production audio services for feature films, television and motion picture advertising. Benchmark Post was founded in January 2015 by Re-Recording mixer Pedro Jimenez. Benchmark Post, Inc. and Benchmark Sound Services, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Calif. Case Nos. 17-15568 and 17-15570) on May 5, 2017. Pedro Jimenez, president, signed the petitions. At the time of the filing, Benchmark Post disclosed that it had estimated assets and liabilities of $1 million to $10 million. Benchmark Sound disclosed that it had estimated assets of less than $500,000 and liabilities of $1 million to $10 million. Judge Barry Russell presides over the cases. SulmeyerKupetz serves as the Debtors' bankruptcy counsel. CAPITAL CHRISTIAN: Court Approves Disclosure Statement ------------------------------------------------------ The Hon. Bruce T. Beesley of the U.S. Bankruptcy Court for the District of Nevada approved Capital Christian Center's disclosure statement for their Chapter 11 Plan filed on Dec. 30, 2016. The Troubled Company Reporter previously reported that the plan would give general unsecured creditors a total combined distribution of 10% of their allowed claims. All payments required under the Plan will be funded through the continued operation of the Debtor's church and day care operations. The Plan does not call for any outside capital investments or loans to the Reorganized Debtor. Any prorated payment to creditors whose claims are not liquidated or disputed will be paid into a segregated trust account maintained at the Darby Law Practice until such claims are an allowed claim, in which event the proceeds will be disbursed, or such claims will be disallowed, in which case such sums will be included in the next disbursement to creditors. A full-text copy of the Amended Disclosure Statement dated Dec. 30, 2016, is available at: http://bankrupt.com/misc/nvb16-50004-77.pdf About Capital Christian Center Capital Christian Center dba C5 Church filed a Chapter 11 petition (Bankr. D. Nev. Case No. 16-50004), on January 4, 2016. The petition was signed by Stanley E. Friend, president. The case is assigned to Judge Bruce T. Beesley. The Debtor's counsel is Kevin A. Darby, Esq., at Darby Law Practice, Ltd. At the time of filing, the Debtor estimated assets at $0 to $50,000 and liabilities at $1 million to $10 million. A list of the Debtor's seven largest unsecured creditors is available for free at http://bankrupt.com/misc/nvb16-50004.pdf CASHMAN EQUIPMENT: Hires Francis J. Musso CPA as Accountant ----------------------------------------------------------- Cashman Equipment Corp., et al., seek authority from the US Bankruptcy Court for the District of Massachusetts to employ Francis J. Musso, CPA, as accountant in the jointly-administered Chapter 11 cases. Services to be rendered by Mr. Musso are: a. assist the Debtors' accounting department as needed, with specific emphasis on: i. segregation of pre-petition liabilities from post-petition liabilities; ii. preparation of Monthly Operating Reports; iii. preparation of the Debtors' schedules of assets and liabilities and statements of financial affairs; iv. assistance in analyzing accounts receivable collectability; v. analysis of general ledger as needed. b. assist in preparation of 13-week cash flow or any budgets that the Debtors are required to provide and all reports related thereto, review them for reasonableness and attainability, and participate as requested in any discussions on accounting matters as requested by the Debtors; and c. provide other services as authorized and directed by the Debtors. Francis J. Musso shall maintain detailed, contemporaneous records of time and any actual and necessary expenses incurred in connection with the rendering of the services described above by category and nature of services rendered. The Firm shall submit an appropriate application to the Court, pursuant to Sections 330 and 331 of the Bankruptcy Code, seeking approval of the payment of fees and reimbursement of expenses in 120-day intervals, with the first Interim Application being due October 20, 2017 for the period from June 9, 2017 through October 6, 2017. All parties in interest shall have a right to object to any Interim Application. In no event shall the Debtors pay Francis J. Mussofees requested for services provided in excess of $6,000 for any week prior to August 4, 2016 and $4,500 for any week thereafter. In the event a weekly invoice of the firm requests more than the Maximum Amount for fees, the Debtors shall withhold any fees exceeding the Maximum Amount pending submission of an Interim Application and approval of the Court. The pendency of an Interim Application, or a Court order that payment of compensation or reimbursement of expenses was improper as to a particular Weekly Payment, shall not disqualify the firm from the future payment of compensation or reimbursement of expenses. Neither the payment of, nor the failure to pay in whole or in part, the Weekly Payments, shall bind any party in interest or the Court with respect to the allowance of Interim Applications or final applications for compensation and reimbursement of the firm, which allowance shall remain in the Court's discretion. Francis J. Musso attests to the Court that his firm is a "disinterested person" as that term is defined in 11 U.S.C. Sec. 101(14). The Accountant can be reached at: Francis J. Musso, CPA PO Box 147 Cossayuna, NY 12823 About Cashman Equipment Corp. Headquartered in Boston, Massachusetts, Cashman Equipment Corp. -- http://4barges.com/-- was founded in 1995 as a barge rental and marine contracting company with a fleet of 10 barges, 9 of which were built in the 1950s and 1960s. Cashman Equipment and certain of its affiliates and subsidiaries own, operate, rent, and sell a fleet of vessels, including inland and ocean barges, marine accommodation barges, specialized oil spill recovery barges, and tugs, as well as marine equipment, such as cranes, accommodation units, and marine pollution skimmers. Cashman Equipment and certain of its affiliates and subsidiaries, Cashman Scrap & Salvage, LLC, Servicio Marina Superior, LLC, Mystic Adventure Sails, LLC, and Cashman Canada, Inc., filed bare-bones Chapter 11 petitions (Bankr. D. Mass. Lead Case No. 17-12205) on June 9, 2017. The petitions were signed by James M. Cashman, the Debtors' president. Mr. Cashman also commenced his own Chapter 11 case (Bankr. D. Mass. Case No. 17-12204). The cases are jointly administered. Cashman Equipment estimated its assets and debt at between $100 million and $500 million. Judge Melvin S. Hoffman presides over the cases. Harold B. Murphy, Esq., and Michael K. O'Neil, Esq., at Murphy & King, Professional Corporation serve as Cashman Equipment, et al.'s counsel. Jeffrey D. Sternklar, Esq., at Jeffrey D. Sternklar LLC, serves as Mr. Cashman's counsel, according to Mr. Cashman's petition. An official committee of unsecured creditors has been appointed in the case and is represented by Michael J. Fencer, Esq., and John T. Morrier, Esq., at Casner & Edwards, LLP. Wilmington Trust Company serves as Indenture Trustee under (i) Trust Indenture dated December 4, 1997, and (ii) Trust Indenture dated April 14, 1999. CASHMAN EQUIPMENT: Hires Murphy & King as Bankruptcy Counsel ------------------------------------------------------------ Cashman Equipment Corp. seeks approval from the US Bankruptcy Court for the District of Massachusetts, Eastern Division, to Murphy & King, Professional Corporation, as bankruptcy counsel. Services to be rendered by M&K are: a. advise the Debtors with respect to their rights, powers and duties as debtors-in-possession in the continued operation and management of their businesses; b. advise the Debtors with respect to any plan of reorganization and any other matters relevant to the formulation and negotiation of a plan or plans of reorganization in these cases; c. represent the Debtors at all hearings and matters pertaining to their affairs as debtors and debtors-in-possession; d. prepare, on the Debtors' behalf, all necessary and appropriate applications, motions, answers, orders, reports, and other pleadings and other documents, and review all financial and other reports filed in these Chapter 11 cases; e. advise the Debtors with respect to, and assisting in the negotiation and documentation of, financing agreements, debt and cash collateral orders and related transactions; f. review and analyze the nature and validity of any liens asserted against the Debtors' property and advising the Debtors concerning the enforceability of such liens; g. advise the Debtors regarding their ability to initiate actions to collect and recover property for the benefit of their estates; h. advise and assist the Debtors in connection with the potential sale of the Debtors' assets; i. advise the Debtors concerning executory contract and unexpired lease assumptions, lease assignments, rejections, restructurings and recharacterization of contracts and leases; j. review and analyze the claims of the Debtors' creditors, the treatment of such claims and the preparation, filing or prosecution of any objections to claims; k. commence and conduct any and all litigation necessary or appropriate to assert rights held by the Debtors, protect assets of the Debtors' Chapter 11 estates or otherwise further the goal of completing the Debtors' successful reorganization other than with respect to matters to which the Debtors retain special counsel; and l. perform all other legal services and providing all other necessary legal advice to the Debtors as debtors-in-possession which may be necessary in the Debtors' bankruptcy proceeding. The current customary and normal hourly rates for the services to be rendered by M&K are: Position Hourly Rates Shareholder $515-$675 Associate $255-$535 Paraprofessional $220 Harold B. Murphy attest that M&K has not represented, nor does it now represent, any interest adverse to the Debtors with respect to the matters on which M&K is to be employed. M&K and its principals and employees are otherwise disinterested persons with respect to the Debtors, as that term is defined in the Bankruptcy Code. In accordance with Appendix B-Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed under 11 U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, Harold B. Murphy disclosed that: -- it has not agreed to any variations from, or alternatives to, its standard or customary billing arrangements for this engagement; -- none of the professionals included in the engagement vary their rate based on the geographic location of the bankruptcy case; -- M&K represented the Debtor prior to the filing at the same rates and the same material financial terms as the proposed port-petition engagement; and -- M&K has discussed staffing of these case and an outline of work to be accomplished in the initial phase of these cases with the Debtors. M&K will discuss and establish a budget with the Debtors with respect to professional fees. The Firm can be reached through: Harold B. Murphy Murphy & King One Beacon Street 21st Floor Boston, MA 02108 Tel: 617 226-3414 Fax: 617 305-0614 E-mail: hmurphy@murphyking.com About Cashman Equipment Corp. Headquartered in Boston, Massachusetts, Cashman Equipment Corp. -- http://4barges.com/-- was founded in 1995 as a barge rental and marine contracting company with a fleet of 10 barges, 9 of which were built in the 1950s and 1960s. Cashman Equipment and certain of its affiliates and subsidiaries own, operate, rent, and sell a fleet of vessels, including inland and ocean barges, marine accommodation barges, specialized oil spill recovery barges, and tugs, as well as marine equipment, such as cranes, accommodation units, and marine pollution skimmers. Cashman Equipment and certain of its affiliates and subsidiaries, Cashman Scrap & Salvage, LLC, Servicio Marina Superior, LLC, Mystic Adventure Sails, LLC, and Cashman Canada, Inc., filed bare-bones Chapter 11 petitions (Bankr. D. Mass. Lead Case No. 17-12205) on June 9, 2017. The petitions were signed by James M. Cashman, the Debtors' president. Mr. Cashman also commenced his own Chapter 11 case (Bankr. D. Mass. Case No. 17-12204). The cases are jointly administered. Cashman Equipment estimated its assets and debt at between $100 million and $500 million. Judge Melvin S. Hoffman presides over the cases. Harold B. Murphy, Esq., and Michael K. O'Neil, Esq., at Murphy & King, Professional Corporation serve as Cashman Equipment, et al.'s counsel. Jeffrey D. Sternklar, Esq., at Jeffrey D. Sternklar LLC, serves as Mr. Cashman's counsel, according to Mr. Cashman's petition. An official committee of unsecured creditors has been appointed in the case and is represented by Michael J. Fencer, Esq., and John T. Morrier, Esq., at Casner & Edwards, LLP. Wilmington Trust Company serves as Indenture Trustee under (i) Trust Indenture dated December 4, 1997, and (ii) Trust Indenture dated April 14, 1999. CAYOT REALTY: Unsecureds to be Paid in Full with Interest --------------------------------------------------------- Cayot Realty, Inc., filed with the U.S. Bankruptcy Court for the Southern District of New York an amended disclosure statement to accompany its plan of reorganization, dated June 30, 2017. This version of the plan provides that the holders of Class 3 Allowed Unsecured Claims will be paid in full at closing plus interest at the Federal Statutory rate in effect as of the Filing Date. Class 3 Claims are estimated at $16,000. The initial plan proposed to pay Class 3 Allowed Unsecured Claimants in full but with no interest. This plan also includes two alternative methods of Confirmation to avoid the delay and cost inevitably resulting from an inability to confirm a plan, causing the Debtor to redraft and reinitiate the process. In the first alternative, the Debtor will seek to borrow from the same entity that has issued the Commitment Letter, secured by a second position mortgage on the Property, in a sum of $400,000 that will permit the curing of the default and reinstating of the Claim of the Class 1 Creditor, Wells Fargo, as Allowed, plus produce the distribution for Allowed Claims as contemplated by the Plan. Second, in the event both the complete refinancing, the means explored at length in the Plan, and the partial refinancing, the First Alternative, do not occur for any reason, the Debtor will seek to sell the Property. The Debtor will obtain a broker to market the Property. Allowed Claims and Interests will be paid as dictated by the absolute priority rule, with Allowed Secured Creditors, Administrative Claims, Tax Claims, General Unsecured Claims and the Interest Holder paid in the order dictated by the Bankruptcy Code. A full-text copy of the Amended Disclosure Statement is available at: http://bankrupt.com/misc/nysb16-22664-60.pdf About Cayot Realty Cayot Realty Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 16-22664) on May 16, 2016. The petition was signed by Charles L. Cayot III, president. The case is assigned to Judge Robert D. Drain. The Debtor disclosed total assets of $3.02 million and total debts of $2.15 million. CELEBRATION COVE: Great Southern Bank Wants to Block Cash Use ------------------------------------------------------------- Great Southern Bank asks the U.S. Bankruptcy Court for the Western District of Missouri to prohibit Celebration Cove Resort LLC's use of cash collateral. The Debtor is obligated to Great Southern Bank under a promissory note dated June 6, 2013, in the original principal amount of $3,300,000 as amended by First Allonge and Amendment to Promissory Note with effective date of June 6, 2015 and Second Allonge and Amendment to Promissory Note with effective date of June 6, 2016. The proceeds of the Note were utilized by the Debtor to purchase two promissory notes held by Great Southern Bank from Bluewater Development, LLC, together with an Assignment of Rents and Deeds of Trust securing same. Payment of the Note is secured by a Collateral Assignment of Loans and Security Agreement dated June 6, 2013. As of June 22, 2017, after all applicable credits, the Note had an outstanding balance of $2,934,907.29, consisting of $2,912,213.68 in principal, $15,133.31 in interest, and $7,560.30 in late fees and other charges. On Dec. 12, 2016, Great Southern Bank issued notices to the tenants/occupants of the condominium units which are encumbered by the Bluewater Deeds of Trust and Assignment of Rents directing them to pay any rent otherwise due Bluewater or Celebration Cove to Great Southern Bank. Great Southern Bank further directed the Debtor to immediately surrender any and all rental income it received from tenants of said property to Great Southern Bank. To date, the Debtor has submitted no rental income to Great Southern Bank. Great Southern Bank continues to have a post-petition security interest in all rents payable by any occupant or other user of the real property described within the Bluewater Deeds of Trust. Great Southern Bank has not consented to, and does not consent to, the Debtor's use of cash collateral. A copy of Great Southern Bank's request is available at: http://bankrupt.com/misc/mowb17-30335-17.pdf Great Southern Bank is represented by: Rodney H. Nichols, Esq. CARNAHAN, EVANS, CANTWELL & BROWN, P.C. 2805 S. Ingram Mill Road P.O. Box 10009 Springfield, MO 65808-0009 Tel: (417) 447-4400 Fax: (417) 447-4401 E-mail: RNichols@cecbcom Headquartered in Branson, Missouri, Celebration Cove Resort LLC filed for Chapter 11 bankruptcy protection (Bankr. W.D. Mo. Case No. 17-30335) on June 22, 2017, estimating its assets at up to $50,000 and its liabilities at between $1 million and $10 million. The petition was signed by Inderjit Grewal, member. Judge Arthur B. Federman presides over the case. Diana P. Brazeale, Esq., at Brazeale Law Firm, LLC, serves as the Debtor's bankruptcy counsel. CGG HOLDING: Hires AlixPartners as Financial Advisor ---------------------------------------------------- CGG Holding (U.S.) Inc. et al. seek authority from the US Bankruptcy Court for the Southern District of New York to employ AlixPartners, LLP, as financial advisor for the Debtors nunc pro tunc to June 14, 2017. Services to be provided by AlixPartners are: * coordinate and provide administrative support for the proceedings, and developing the Debtors' Chapter 11 Plan of Reorganization or other appropriate case resolution; * assist with the preparation of the statement of affairs, schedules and other regular reports required by the Court; * assist in obtaining and presenting information required by parties in interest in the Debtors' bankruptcy process including official committees appointed by the Court and the Court itself; * provide assistance in such areas as testimony before the Court on matters that are within the scope of this engagement and within AlixPartners' area of testimonial competencies; * assist the Debtors and management in developing a short-term cash flow forecasting tool and related methodologies and assist with planning for alternatives as requested by the Debtors; * provide assistance as requested by management in connection with the Debtors' development or update of their business plan; * provide assistance as requested by management in the development of materials and exhibits needed to support the Plan of Reorganization such as a liquidation analysis, projections, etc; * assist, as requested by the Debtors, the Debtors’ other advisors who are representing the Debtors in the reorganization process or advisors who are working for the Debtors' various stakeholders to coordinate their effort in order to be efficient and consistent with the Debtors' overall restructuring goals; * assist as requested in managing any litigation that may be brought against the Debtors in the Court; * assist in communication and/or negotiation with outside constituents including the banks and their advisors; * assist with other matters as may be requested that fall within AlixPartners' expertise and that are mutually agreeable. Rebecca A Roof, Managing Director of AlixPartners, attests that her firm is a "disinterested person" within the meaning of Bankruptcy Code section 101(14) as required by Bankruptcy Code section 327, does not hold or represent an interest adverse to the Debtors' estates, and has no connection to the Debtors, their creditors in relation to the Debtors, or other parties in interest in these chapter 11 cases. The standard hourly rates of the AlixPartners Personnel currently working on this matter are: Name Description Hourly Rate Commitment ---- ----------- ----------- ---------- Rebecca Roof Managing $1,110 Full Time Director Susan Brown Director $910 Full Time Brad Hunter Director $860 Full Time John Creighton Director $745 Full Time Francisco Echevarria Associate $415 Full Time John Somerville Associate $415 Full Time David Shim Analyst $360 Full Time The Firm can be reached through: Rebecca A. Roof AlixPartners, LLP 909 Third Avenue New York, NY 10022 Phone: +1 212 490 2500 Fax: +1 212 490 1344 Email: broof@alixpartners.com About CGG Holding (U.S.) Inc. Paris, France-based CGG Group -- http://www.cgg.com/-- provides geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. Founded in 1931 as "Compagnie Generale de Geophysique", CGG focuses on seismic surveys and other techniques to help energy companies locate oil and natural-gas reserves. The company also makes geophysical equipment under the Sercel brand name. The Group has more than 50 locations worldwide, more than 30 separate data processing centers, and a workforce of more than 5,700, of whom more than 600 are solely devoted to research and development. CGG is listed on the Euronext Paris SA (ISIN: 0013181864) and the New York Stock Exchange (in the form of American Depositary Shares, NYSE: CGG). After a deal was reached key constituencies on a restructuring that will eliminate $1.95 billion in debt, on June 14, 2017 (i) CGG SA, the group parent company, opened a "sauvegarde" proceeding, the French equivalent of a Chapter 11 bankruptcy filing, (ii) 14 subsidiaries of CGG S.A. filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-11637) in New York, and (iii) CGG S.A filed a petition under Chapter 15 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. Case No. 17-11636) in New York, seeking recognition in the U.S. of the Sauvegarde as a foreign main proceeding. Chapter 11 debtors CGG Canada Services Ltd. and Sercel Canada Ltd. also commenced proceedings under the Companies' Creditors Arrangement Act in the Court of Queen's Bench of Alberta, Judicial District of Calgary in Calgary, Alberta, Canada, to seek recognition of the Chapter 11 cases in Canada. CGG's legal advisors are Linklaters LLP and Weil Gotshal & Manges (Paris) LLP for the Sauvegarde and chapter 15 case. The Debtors hired Paul, Weiss, Rifkind, Wharton & Garrison LLP, as counsel. The company's financial advisors are Lazard and Morgan Stanley, and its restructuring advisor is AlixPartners, LLP. Lazard Freres & Co. LLC, serves as investment banker. Prime Clerk LLC is the claims agent in the Chapter 11 cases. Messier Maris & Associes and Millco Advisors, LP, is the financial advisors to the Ad Hoc Noteholder Group, and Willkie Farr & Gallagher LLP and DLA Piper LLP, is legal counsel to the Ad Hoc Noteholder Group. Kirkland & Ellis LLP, Kirkland & Ellis International LLP, and De Pardieu Brocas Maffei A.A.R.P.I, serve as counsel to the Ad Hoc Secured Lender Committee; Zolfo Cooper LLC is the restructuring advisor; and Rothschild & Co., is the investment banker. COBALT INTERNATIONAL: Regains Compliance with NYSE Bid Price Rule ----------------------------------------------------------------- Cobalt International Energy, Inc. disclosed in a Form 8-K filed with the Securities and Exchange Commission that it has received a notice from the New York Stock Exchange confirming that the Company has regained compliance with the NYSE's minimum share price listing requirement. Section 802.01C of the NYSE Listed Company Manual requires the average closing price of the Company's common stock to be at least $1.00 per share over any 30 consecutive trading day period. The Company regained compliance after its average share price for the 30 consecutive trading days was above $1.00. About Cobalt International Cobalt International Energy, Inc., is an independent exploration and production company with operations currently focused in the deepwater U.S. Gulf of Mexico. In January 2016, the Company achieved initial production of oil and gas from the Heidelberg field. The Company's exploration efforts in the U.S. Gulf of Mexico have resulted in four oil and gas discoveries including the North Platte, Shenandoah, Anchor, and Heidelberg fields, each of which are in various stages of appraisal and development. The Company also has a non-operated interest in the Diaba Block offshore Gabon. Cobalt International reported a net loss of $2.34 billion on $16.80 million of revenues for the fiscal year ended Dec. 31, 2016, compared to a net loss of $694.43 million on $nil of revenues for the fiscal year ended Dec. 31, 2015. As of March 31, 2017, Cobalt International had $1.93 billion in total assets, $3.07 billion in total liabilities and a total stockholders' deficit of $1.14 billion. Ernst & Young LLP, in Houston, Texas, issued a "going concern" qualification on the consolidated financial statements for the year ended Dec. 31, 2016, stating that the Company has near-term liquidity constraints that raises substantial doubt about its ability to continue as a going concern. CRYSTAL ENTERPRISES: 15% Recovery for Unsecureds Under Latest Plan ------------------------------------------------------------------ Crystal Enterprises, Inc., filed with the U.S. Bankruptcy Court for the District of Maryland their latest disclosure statement referring to their plan of reorganization, dated June 30, 2017. Class 9 general unsecured creditors are now expected to recover 15% instead of the 13% recovery the previous plan proposed. General unsecured creditors were previously classified in Class 8. Payments and distributions under the Plan will be funded by Debtor's cash on hand totaling approximately $144,435.81. The cash on hand in the initial plan was $357,435. The Latest Disclosure Statement is available at: http://bankrupt.com/misc/mdb16-22565-194.pdf About Crystal Enterprises Crystal Enterprises, Inc., is in the business of operating a food service company and is located in Glenn Dale, Maryland. Crystal Enterprises filed a Chapter 11 petition (Bankr. D. Md. Case No. 16-22565), on Sept. 19, 2016. The petition was signed by Sandra Thurman Custis, president. The case is assigned to Judge Wendelin I. Lipp. At the time of filing, the Debtor disclosed total assets of $114,844 and total liabilities of $3.36 million. The Debtor is represented by Rowena Nicole Nelson, Esq., at the Law Office of Rowena N. Nelson, LLC. No trustee or examiner has been appointed in this case and no official committees have yet been appointed. DELTA BUSINESS: Voluntary Chapter 11 Case Summary ------------------------------------------------- Affiliated Debtors that filed separate Chapter 11 bankruptcy petitions: Debtor Case No. ------ -------- Delta Business Center, LLC 17-49955 6632 Telegraph Road, Suite 350 Bloomfield Hills, MI 48301 Crossroads Business Center, LLC 17-49956 6632 Telegraph Road, Suite 350 Bloomfield Hills, MI 48301 Green Bay Business Center III, LLC 17-49957 6632 Telegraph Road, Suite 350 Bloomfield Hills, MI 48301 Anika, LLC 17-49958 6632 Telegraph Road, Suite 350 Bloomfield Hills, MI 48301 Oshkosh Business Center III, LLC 17-49959 6632 Telegraph Road, Suite 350 Bloomfield Hills, MI 48301 About the Debtors: Each of the Debtors is an affiliate of Green Leedership, LLC, which sought bankruptcy protection on July 7, 2017 (Bankr. E.D. Mich. Case No. 17-21376). Chapter 11 Petition Date: July 10, 2017 Court: United States Bankruptcy Court Eastern District of Michigan (Detroit) Judge: Hon. Daniel S. Opperman Debtors' Counsel: Robert N. Bassel, Esq. 9008 Hack Road Clinton, MI 49236 Tel: (248) 677-1234 Fax: (248) 369-4749 Email: bbassel@gmail.com Estimated Estimated Assets Liabilities ---------- ----------- Delta Business Center $1M-$10M $10M-$50M Crossroads Business $1M-$10M $10M-$50M Green Bay Business $1M-$10M $10M-$50M Manchester Anika $1M-$10M $10M-$50M Oshkosh Business Center The petitions were signed by Murray Wikol, principal. The Debtors failed to include a list of their 20 largest unsecured creditors at the time of the filing. Full-text copies of the petitions are available for free at: http://bankrupt.com/misc/mieb17-49955.pdf http://bankrupt.com/misc/nyeb17-49956.pdf http://bankrupt.com/misc/nyeb17-49957.pdf http://bankrupt.com/misc/nyeb17-49958.pdf http://bankrupt.com/misc/nyeb17-49959.pdf DOLLAR MART: First Citizens Debt Amortized Over 10 Yrs at 5% ------------------------------------------------------------ Dollar Mart Grocery & Wholesale filed with the U.S. Bankruptcy Court for the Western District of Tennessee a disclosure statement dated June 23, 2017, referring to the Debtor's plan of reorganization. The Class 2 -- estimated at $143,416.12 -- consists of the secured claim of First Citizens Bank secured by a lien on Real Property. The liens will survive the Chapter 11 and will continue with the payment of debt with 5% interest amortized over 10 years and otherwise paid pursuant to the contractual terms of the parties' agreements until paid in full. Class 3 Unsecured Claims Entitled to Priority -- estimated at $0.00 -- consists of the tax claims entitled to priority which there are no known claims but if any are allowed such will be paid in full with statutory interest and time. Class 4 Unsecured Claims Not Entitled to Priority -- estimated at $0.00 -- will be paid 100% of any allowed claim but no known claims. The Debtor has average gross monthly income of $4,000 from the lease with Cash and Carry, Inc. The income will be sufficient to pay the plan terms and all cost of operations during term of the Plan. A copy of the Disclosure Statement is available at: http://bankrupt.com/misc/tnwb16-29498-48.pdf About Dollar Mart Grocery Dollar Mart Grocery & Wholesale, a joint partnership between Alaa E. Noeman and Raid Tabbaa, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tenn. Case No. 16-29498) on Oct. 17, 2016. The petition was signed by Alaa E. Noeman and Tabbaa Raid, joint partners. Toni Campbell Parker, Esq., at the Law Firm of Toni Campbell Parker serves as the Debtor's attorney. At the time of the filing, the Debtor estimated assets and liabilities of less than $50,000. DOOR TO DOOR STORAGE: Taps Chris Bennett as Accountant ------------------------------------------------------ Door to Door Storage Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to hire an accountant. The Debtor proposes to hire Chris Bennett to audit the financial statements of its retirement plan for 2016 and 2017, issue a report upon completion of the audit, and provide other accounting services. Mr. Bennett does not represent any interest adverse to the Debtor's estate, and is "disinterested" as defined in section 101(14) of the Bankruptcy Code, according to court filings. About Door to Door Storage Inc. Headquartered in Kent, Washington, Door to Door Storage, Inc. provides nationwide portable, containerized storage services in approximately 50 locations across the United States. Door to Door filed a chapter 11 petition (Bankr. W.D. Wash. Case No. 16-15618-CMA) on Nov. 7, 2016. The petition was signed by Tracey F. Kelly, president. The case is assigned to Judge Christopher M. Alston. At the time of filing, the Debtor had total assets of $4.08 million and total liabilities of $5.65 million. The Debtor hired Bush Kornfeld LLP and Schlemlein Goetz Fick & Scruggs, PLLC as counsel; Socius Law Group PLLC, David Carlos Kaslow, Esq., and Littler Mendelson PC, as special counsel; Clark Nuber P.S. as accountant; and Orse & Company, Inc. as financial advisor. On November 17, 2017, the U.S. Trustee appointed an official committee of unsecured creditors. Sheppard, Mullin, Richter & Hampton LLP serves as counsel to the committee while Province, Inc., serves as financial advisor. DR. LUIS A. VINAS: May Use Cash Collateral Until July 31 -------------------------------------------------------- The Hon. Paul G. Hyman, Jr., of the U.S. Bankruptcy Court for the Southern District of Florida has granted Dr. Luis A. Vinas, MD, PA, authorization to use cash collateral to fund ongoing ordinary and necessary operations for the period commencing on June 27 and ending on July 31, 2017. As reported by the Troubled Company Reporter on June 14, 2017, the Debtor sought court authorization to use cash collateral to maintain its business. These entities may claim an interest in cash collateral: King's Cash Group, LG Funding LLC, Pearl Capital Rivis Ventures, Bank United, and On Deck Capital. The amount due to KGC on the Petition Date was $18,473.10; the amount due to LG on the Petition Date was $8,325.00; the amount to due to Pearl on the Petition Date was $146,900.0; the amount due to BU was $709,747.23; and the amount due to On Deck was $4,856. The Secured Claimants are granted a lien on all property owned by the Debtor, and acquired or generated post-petition by the Debtor's continued operations to the same extent, validity and priority, if any, and of the same kind and nature as the Secured Claimants had prior to the filing of the bankruptcy cases, to secure an amount of secured claimants respective prepetition claims in all post-petition cash collateral, including any aggregate diminution in value of the prepetition collateral resulting from the Debtor's use of the cash collateral. A copy of the court order is available at: http://bankrupt.com/misc/flsb17-14765-67.pdf About Dr. Luis A. Vinas, MD PA. Dr. Luis A. Vinas, MD PA, is engaged in the health care business and is 100% owned by Dr. Luis A. Vinas. Dr. Vinas is Board Certified by The American Board of Plastic Surgery. For over two decades, Dr. Vinas has been nationally recognized for his surgical techniques and minimally invasive surgical procedures. Dr. Vinas is a plastic surgeon specializing in cosmetic and reconstructive surgery including facelifts, tummy tucks, breast augmentation, single-stage breast reconstruction, liposuction, body contouring, and anti-aging procedures. Dr. Luis A. Vinas, MD PA, filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 17-14765) on April 17, 2017. Luis A Vinas, MD, president and 100% owner, signed the petition. The case is assigned to Judge Paul G. Hyman, Jr. The Debtor is represented by Nicholas B. Bangos, Esq., at Nicholas B. Bangos, P.A. At the time of filing, the Debtor had estimated assets of at least $50,000 and liabilities ranging from $1 million to $10 million. FARMER'S MECHANICAL: August 17 Plan Outline Hearing --------------------------------------------------- Judge Scott H. Gan of the U.S. Bankruptcy Court for the District of Arizona approved Farmer's Mechanical Services, LLC's revised disclosure statement, dated June 26, 2017, explaining its plan of reorganization, dated April 10, 2017. The hearing to consider the confirmation of the Plan will be held at the U.S. Bankruptcy Court, (John M. Roll United States Courthouse), 98 West 1st Street, 2nd Floor, Courtroom 1, Yuma, Arizona 85364 on August 17, 2017, at 2:00 p.m. Parties may also appear at the Phoenix Bankruptcy Court location at 230 N. First Avenue, 3rd Floor, Courtroom 301, Phoenix, AZ. Ballots accepting or rejecting the Plan must be received by the Debtor at least seven days prior to the hearing date set for the confirmation of the Plan (August 10, 2017). The last day for filing with the Court and serving written objections to confirmation of the Plan is fixed at seven days prior to the hearing date set for confirmation of the Plan (August 10, 2017). About Farmer's Mechanical Farmer's Mechanical Services, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 16-11740) on Oct. 12, 2016. At the time of the filing, the Debtor estimated assets and liabilities of less than $100,000. Thomas H. Allen, Esq., and Philip J. Giles, Esq., at Allen Barnes & Jones, PLC, serve as the Debtor's bankruptcy counsel. FOLTS HOME: Staff Shortages and Oxygen System Issues Remain ----------------------------------------------------------- Krystal Wheatley, the Patient Care Ombudsman appointed for Folts Home, et al., has filed a Fourth Report before the U.S. Bankruptcy Court for the Northern District of New York on June 28, 2017. During the visitation, the PCO followed up with previous oxygen related concerns from residents and staff members. According to the Report, the PCO continues to observe staff members and residents struggling with the oxygen system in the facility. Further, the PCO investigated the facility temperatures for resident comfort and wellbeing. The PCO also investigated the shortage of staffing complaints coming in from residents and family members. The PCO reported that the residents continue to complain about shortages of staff during weekend and evening hours. A full-text copy of the PCO Report is available for free at: http://bankrupt.com/misc/nynb17-60139-176.pdf About Folts Home Folts Home is a New York not-for-profit corporation and the owner of a 163-bed long-term residential health care and rehabilitation facility located at 100-122 North Washington Street, Herkimer, New York. In addition to long-term skilled nursing and residential care, Folts Home provides memory care to residents with dementia, palliative care and respite care and operates an adult day care program. Folts Home also offers rehabilitation services, such as physical, occupational and speech therapy, on both inpatient and out-patient bases. Currently, Folts Home has approximately 218 active employees. Approximately 124 of the employees are full-time, 60 are part-time and 34 employees are employed on a per diem basis None of Folts Home's employees are represented by labor unions. Folts Adult Home, Inc. ("FAH"), also known as Folts-Claxton, is a New York not-for-profit corporation and the owner of an 80-bed adult residential center that was constructed in 1998 and is located at 104 North Washington Street, Herkimer, New York. FAH residents reside in separate apartments and are provided services such as daily meals, laundry, housekeeping and medication assistance. FAH has approximately 22 active employees. Approximately 12 are full-time employees and 10 are part-time employees. None of FAH's employees are represented by labor unions. Folts Home and FAH currently have average daily censuses of 145 and 69, respectively. Folts Home has 3 major payors: Medicare, Medicaid and Excellus/Blue Cross. The majority of FAH residents Are government subsidized, with 58% covered by Social Security Insurance and 42% private pay. Folts Home and Folts Adult Home, Inc., filed separate, voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D.N.Y. Case Nos. 17-60139 and 17-60140, respectively) on Feb. 16, 2017. The Chapter 11 cases are being jointly administered under Bankruptcy Rule 1015(b) pursuant to an order of the Court. Folts Home and Folts Adult Home, Inc., through duly-appointed receivers HomeLife at Folts, LLC and HomeLife at Folts-Claxton, LLC, continue to operate their skilled nursing home and adult residence businesses, respectively, and manage their properties as debtors in possession. William K. Harrington, the U.S. Trustee for Region 2, appointed Krystal Wheatley as patient care ombudsman for the Debtors. FOSTER ENTERPRISES: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------------- Debtor: Foster Enterprises, a California general partnership PO Box 4210 Ontario, CA 91761 Case No.: 17-15749 Business Description: Foster Enterprises is a trucking company in in Ontario, California. The principal business address of the Company is 13610 S. Archibald Avenue, Ontario, CA 91761, San Bernardino County. Chapter 11 Petition Date: July 10, 2017 Court: United States Bankruptcy Court Central District of California (Riverside) Judge: Hon. Scott C Clarkson Debtor's Counsel: Dean G Rallis, Jr., Esq. ANGLIN, FLEWELLING, RASMUSSEN, CAMPBELL & TRYTTEN LLP 301 N Lake Avenue, Suite 1100 Pasadena, CA 91101 Tel: 626-535-1900 Fax: 626-577-7764 Email: drallis@afrct.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Jeffery Foster, general partner. A list of the Debtor's 20 largest unsecured creditors is available for free at: http://bankrupt.com/misc/cacb17-15749.pdf GOURMET EXPRESS: Seeks to Hire Gohn Hankey as Special Counsel ------------------------------------------------------------- Gourmet Express Acquisition Fund, LLC seeks approval from the U.S. Bankruptcy Court for the District of Maryland to hire Gohn Hankey Stichel & Berlage LLP as special counsel. The firm will represent Gourmet Express in a case it filed against certain members of the Company's Board of Directors (Case No. 17-00116); and Gourmet Express, LLC in a case it filed against Gordon Law Offices, PSC (Case No. 17-00117). The firm charges an hourly rate of $225 for the services of its associates, and between $150 and $175 for paralegal services. Jan Berlage, Esq., a partner at Gohn Hankey and the attorney designated to represent the Debtors, will charge an hourly fee of $395. Gohn Hankey does not hold or represent any interest adverse to the Debtors' estates, according to court filings. The firm can be reached through: Jan I. Berlage, Esq. Gohn Hankey Stichel & Berlage LLP 201 N. Charles Street, Suite 2101 Baltimore, MD 21201 Phone: (410) 752-1261 Fax: (410) 752-2519 Email: jberlage@ghsllp.com About Gourmet Express Acquisition Fund Gourmet Express Acquisition Fund, LLC, and its three affiliates sought Chapter 11 bankruptcy protection on March 16, 2015 (Bankr. D. Md., Case No. 15-13670). The case is assigned to Judge Nancy V. Alquist. The Debtors' counsel is Dennis J. Shaffer, Esq., at Whiteford, Taylor, & Preston, LLP, in Baltimore, Maryland. Traxi, LLC, Serves as the Debtors' financial advisor. GYMBOREE CORP: Hires A&G Realty Partners as Real Estate Consultant ------------------------------------------------------------------ Gymboree Corporation seeks authority from the US Bankruptcy Court for the Eastern District of Virginia, Richmond Division, to employ A&G Realty Partners, LLC, as real estate consultant and advisor to the Debtors nunc pro tunc to June 11, 2017. Services to be performed by A&G are: a. consult with the Debtors to discuss and review the Debtors' goals, objectives and financial parameters in relation to the Leases/Properties; b. review the Debtors' real estate strategy and data and provide rent savings analysis and a go-forward store-base; c. negotiate with the landlords of the Properties on behalf of the Debtors in order to assist the Debtors in obtaining Lease Modifications; d. negotiate with the landlords of the Properties on behalf of the Debtors in order to assist the Debtors in obtaining Early Termination Rights; e. negotiate with the landlords of the Properties and other third parties on behalf of the Debtors in order to assist the Debtors in obtaining Lease Terminations; f. market the Leases/Properties as deemed necessary; g. negotiate with the landlords of the Properties on behalf of the Debtors in order to assist the Company in obtaining Lease Sales; h. assist the Debtors' advisors with cash management issues regarding landlord and rent payments; and i. report periodically to the Debtors regarding the status of the Services. A&G shall be compensated according to these terms: a. Retainer -- A&G shall receive a retainer fee in the amount of one hundred thousand dollars ($100,000) upon execution of the Services Agreement. The retainer is non-refundable and shall be applied to the fees and expenses due under the terms of the Services Agreement and when the fees and expenses exceed the Retainer amount, the Debtors will pay for the Services on a Document by Document basis. b. Monetary Lease Modifications -- For each Monetary Lease Modification obtained by A&G on behalf of the Debtors, A&G shall earn and be paid three percent (3%) of the Occupancy Cost Savings per Lease. In the situation of a Monetary Lease Modification which includes a right for the landlord to terminate for convenience, the Occupancy Cost Savings shall be calculated for the period of time during which the landlord or the Debtors do not terminate the lease for convenience. c. Non-Monetary Lease Modifications -- For each acceptable Non-Monetary Lease Modification obtained by A&G on behalf of the Debtors, A&G shall earn and be paid a fee of six hundred and fifty dollars ($650.00) per Lease. d. Early Termination Rights -- For each Early Termination Right obtained by A&G on behalf of the Debtors, A&G shall earn and be paid a fee of $1,500. e. Lease Sales -- For each Lease Sale obtained by A&G on behalf of the Debtors, A&G shall earn and be paid a fee of 4% of the Gross Proceeds. f. Legal Fees -- If requested, A&G shall draft Lease Modification, Early Termination Right and Lease Termination Documents negotiated on behalf of the Debtors pursuant to the terms negotiated between A&G and the landlord/or third party as applicable. A&G shall work with the Debtors and the landlord/third party to help ensure that the proposed transaction is accurately documented and executed in a timely manner. The Debtors shall pay A&G a fee in the amount of $300 per hour not to exceed a total of $2,000 per Lease. Andrew Graiser, Principal of A&G Realty Partners, attests that A&G does not hold any interest materially adverse to the Debtors' estates, has no connection with the Debtors, their creditors or other parties in interest herein, and is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code (as modified by section 1107(b) of the Bankruptcy Code). The Firm can be reached through: Andrew Graiser A&G Realty Partners, LLC 445 Broadhollow Road Suite 410 Melville, NY 11747 Tel: 631-420-0044 Fax: 631-420-4499 Email: andy@agrealtypartners.com About The Gymboree Corp. The Gymboree Corporation is a children's apparel retailer in North America, with 1,291 retail stores as of Jan. 28, 2017 operating under three brands: Gymboree; Janie & Jack (a higher-end offering launched in 2002); and Crazy 8 (a value-oriented line launched in 2007). The Company operates online stores at http://www.gymboree.com/, http://www.janieandjack.com/and http://www.crazy8.com/ In October 2010, Gymboree was acquired by Bain Capital Private Equity, LP and certain of its affiliated investment funds or investment vehicles managed or advised by it -- Sponsor -- for approximately $1.8 billion. The Gymboree Corp. and seven affiliates each filed a Chapter 11 voluntary petition (Bankr. E.D. Va. Lead Case No. 17-32986) on June 11, 2017. James A. Mesterharm, chief restructuring officer, signed the petitions. The cases are pending before the Honorable Keith L. Phillips. Gymboree had $755.5 million in assets and $1.36 billion in total liabilities as of March 14, 2017. Kirkland & Ellis LLP, is the Debtors' bankruptcy counsel. Kutak Rock LLP is the Debtors' local bankruptcy counsel. Munger, Tolles & Olson LLP is the Debtors' special counsel. Lazard Freres & Co. LLC is the investment banker. AlixPartners, LLP is the restructuring advisor. Prime Clerk LLC is the claims agent. Counsel to the Term Loan Agent and the DIP Term Loan Agent are Milbank, Tweed, Hadley & McCloy LLP; and McGuireWoods LLP. Rothschild & Co. also serves as advisor to the Term Loan Agent. Bain Capital Partners is represented by Weil Gotshal & Manges LLP. Counsel to the DIP ABL Administrative Agent are Morgan, Lewis & Bockius LLP; and Hunton & Williams LLP. Counsel to the DIP ABL Term Agent are Choate, Hall & Stewart LLP; and Whiteford Taylor Preston, LLP. The indenture trustee for the Debtors' senior unsecured notes is Deutsche Bank Trust Company Americas. Counsel to the ad hoc group of senior unsecured noteholders is Akin Gump Strauss Hauer & Feld LLP. On June 16, 2017, the Debtors filed a joint Chapter 11 plan of reorganization and disclosure statement. On June 22, 2017, the U.S. Trustee for Region 4 appointed an official committee of unsecured creditors. The committee hired Hahn & Hessen LLP as its bankruptcy counsel. GYMBOREE CORP: Hires Kirkland & Ellis as Bankruptcy Counsel ----------------------------------------------------------- Gymboree Corporation seeks authority from the US Bankruptcy Court for the Eastern District of Virginia, Richmond Division to Kirkland & Ellis LLP and Kirkland & Ellis International LLP as attorneys effective nunc pro tunc to June 11, 2017. Legal services to be provided by Kirkland are: a. advise the Debtors with respect to their powers and duties as debtors in possession in the continued management and operation of their businesses and properties; b. advise and consult on the conduct of these chapter 11 cases, including all of the legal and administrative requirements of operating in chapter 11; c. attend meetings and negotiating with representatives of creditors and other parties in interest; d. take all necessary actions to protect and preserve the Debtors' estates, including prosecuting actions on the Debtors' behalf, defending any action commenced against the Debtors, and representing the Debtors in negotiations concerning litigation in which the Debtors are involved, including objections to claims filed against the Debtors' estates; e. prepare pleadings in connection with these chapter 11 cases, including motions, applications, answers, orders, reports, and papers necessary or otherwise beneficial to the administration of the Debtors' estates; f. represent the Debtors in connection with obtaining authority to continue using cash collateral and postpetition financing; g. advise the Debtors in connection with any potential sale of assets; h. appear before the Court and any appellate courts to represent the interests of the Debtors' estates; i. advise the Debtors regarding tax matters; j. take any necessary action on behalf of the Debtors to negotiate, prepare, and obtain approval of a disclosure statement and confirmation of a chapter 11 plan and all documents related thereto; and k. perform all other necessary legal services for the Debtors in connection with the prosecution of these chapter 11 cases, including: (i) analyzing the Debtors' leases and contracts and the assumption and assignment or rejection thereof; (ii) analyzing the validity of liens against the Debtors; and (iii) advising the Debtors on corporate and litigation matters. Kirkland's current hourly rates are: Billing Category U.S. Range Partners $930-$1,745 Of Counsel $555-$1,745 Associates $555-$1,015 Paraprofessionals $215-$420 Joshua A. Sussberg, P.C. attests that Kirkland is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code, and does not hold or represent an interest adverse to the Debtors' estates and (b) Kirkland has no connection to the Debtors, their creditors, or other parties in interest. In accordance with Appendix B-Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed under 11 U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, Joshua A. Sussberg disclosed that: -- Kirkland and the Debtors have not agreed to any variations from, or alternatives to, Kirkland's standard billing arrangements for this engagement.; -- the hourly rates used by Kirkland in representing the Debtors are consistent with the rates that Kirkland charges other comparable chapter 11 clients, regardless of the location of the chapter 11 case; -- Kirkland represented the Debtors during the twelve-month period before the Petition Date; and -- the Debtors have approved the budget and staffing plan for the first budgeted period from June 11, 2017 through September 30, 2017. The Firm can be reached through: Joshua A. Sussberg, P.C. Matthew C. Fagen KIRKLAND & ELLIS LLP KIRKLAND & ELLIS INTERNATIONAL LLP 601 Lexington Avenue New York, NY 10022 Tel: (212) 446-4800 Fax: (212) 446-4900 About The Gymboree Corp. The Gymboree Corporation is a children's apparel retailer in North America, with 1,291 retail stores as of Jan. 28, 2017 operating under three brands: Gymboree; Janie & Jack (a higher-end offering launched in 2002); and Crazy 8 (a value-oriented line launched in 2007). The Company operates online stores at http://www.gymboree.com/, http://www.janieandjack.com/and http://www.crazy8.com/ In October 2010, Gymboree was acquired by Bain Capital Private Equity, LP and certain of its affiliated investment funds or investment vehicles managed or advised by it -- Sponsor -- for approximately $1.8 billion. The Gymboree Corp. and seven affiliates each filed a Chapter 11 voluntary petition (Bankr. E.D. Va. Lead Case No. 17-32986) on June 11, 2017. James A. Mesterharm, chief restructuring officer, signed the petitions. The cases are pending before the Honorable Keith L. Phillips. Gymboree had $755.5 million in assets and $1.36 billion in total liabilities as of March 14, 2017. Kirkland & Ellis LLP, is the Debtors' bankruptcy counsel. Kutak Rock LLP is the Debtors' local bankruptcy counsel. Munger, Tolles & Olson LLP is the Debtors' special counsel. Lazard Freres & Co. LLC is the investment banker. AlixPartners, LLP is the restructuring advisor. Prime Clerk LLC is the claims agent. Counsel to the Term Loan Agent and the DIP Term Loan Agent are Milbank, Tweed, Hadley & McCloy LLP; and McGuireWoods LLP. Rothschild & Co. also serves as advisor to the Term Loan Agent. Bain Capital Partners is represented by Weil Gotshal & Manges LLP. Counsel to the DIP ABL Administrative Agent are Morgan, Lewis & Bockius LLP; and Hunton & Williams LLP. Counsel to the DIP ABL Term Agent are Choate, Hall & Stewart LLP; and Whiteford Taylor Preston, LLP. The indenture trustee for the Debtors' senior unsecured notes is Deutsche Bank Trust Company Americas. Counsel to the ad hoc group of senior unsecured noteholders is Akin Gump Strauss Hauer & Feld LLP. On June 16, 2017, the Debtors filed a joint Chapter 11 plan of reorganization and disclosure statement. On June 22, 2017, the U.S. Trustee for Region 4 appointed an official committee of unsecured creditors. The committee hired Hahn & Hessen LLP as its bankruptcy counsel. GYMBOREE CORP: Hires Munger Tolles & Olson as Conflicts Counsel --------------------------------------------------------------- Gymboree Corporation seeks authority from the US Bankruptcy Court for the Eastern District of Virginia, Richmond Division, to employ Munger, Tolles & Olson LLP as conflicts counsel, nunc pro tunc to June 11, 2017. Munger Tolles' 2017 hourly rates for the engagement range are: Billing Category Range Partners $735 to $1,300 Of Counsel $735 to $1,025 Associates $410 to $725 Paraprofessionals $190 to $320 Seth Goldman, partner, attests that Munger Tolles is a "disinterested person," as defined in section 101(14) of the Bankruptcy Code and as required by section 327(a) of the Bankruptcy Code. The Firm can be reached through: Thomas B. Walper, Esq. Seth Goldman, Esq. Kevin Allred, Esq. MUNGER, TOLLES & OLSON LLP 350 South Grand Avenue, 50th Floor Los Angeles, CA 90071 Tel: (213) 683-9100 Fax: (213) 687-3702 Email: thomas.walper@mto.com seth.goldman@mto.com kevin.allred@mto.com About The Gymboree Corp. The Gymboree Corporation is a children's apparel retailer in North America, with 1,291 retail stores as of Jan. 28, 2017 operating under three brands: Gymboree; Janie & Jack (a higher-end offering launched in 2002); and Crazy 8 (a value-oriented line launched in 2007). The Company operates online stores at http://www.gymboree.com/, http://www.janieandjack.com/and http://www.crazy8.com/ In October 2010, Gymboree was acquired by Bain Capital Private Equity, LP and certain of its affiliated investment funds or investment vehicles managed or advised by it -- Sponsor -- for approximately $1.8 billion. The Gymboree Corp. and seven affiliates each filed a Chapter 11 voluntary petition (Bankr. E.D. Va. Lead Case No. 17-32986) on June 11, 2017. James A. Mesterharm, chief restructuring officer, signed the petitions. The cases are pending before the Honorable Keith L. Phillips. Gymboree had $755.5 million in assets and $1.36 billion in total liabilities as of March 14, 2017. Kirkland & Ellis LLP, is the Debtors' bankruptcy counsel. Kutak Rock LLP is the Debtors' local bankruptcy counsel. Munger, Tolles & Olson LLP is the Debtors' special counsel. Lazard Freres & Co. LLC is the investment banker. AlixPartners, LLP is the restructuring advisor. Prime Clerk LLC is the claims agent. Counsel to the Term Loan Agent and the DIP Term Loan Agent are Milbank, Tweed, Hadley & McCloy LLP; and McGuireWoods LLP. Rothschild & Co. also serves as advisor to the Term Loan Agent. Bain Capital Partners is represented by Weil Gotshal & Manges LLP. Counsel to the DIP ABL Administrative Agent are Morgan, Lewis & Bockius LLP; and Hunton & Williams LLP. Counsel to the DIP ABL Term Agent are Choate, Hall & Stewart LLP; and Whiteford Taylor Preston, LLP. The indenture trustee for the Debtors' senior unsecured notes is Deutsche Bank Trust Company Americas. Counsel to the ad hoc group of senior unsecured noteholders is Akin Gump Strauss Hauer & Feld LLP. On June 16, 2017, the Debtors filed a joint Chapter 11 plan of reorganization and disclosure statement. On June 22, 2017, the U.S. Trustee for Region 4 appointed an official committee of unsecured creditors. The committee hired Hahn & Hessen LLP as its bankruptcy counsel. HAIRLAND CORP: Unsecured Creditors to be Paid 3% Under Exit Plan ---------------------------------------------------------------- Unsecured creditors of Hairland Corporation will be paid 3% of their claims under the company's proposed plan to exit Chapter 11 protection. Under the restructuring plan, creditors holding Class 1 general unsecured claims will receive a monthly payment of $35.74 over 60 months or a total of $2,144. Payments will start 30 days after the plan is confirmed. General unsecured creditors assert a total of $71,473 in claims. Payments under the plan will be funded from the collection of fees for services provided by the company, according to its disclosure statement filed on June 27 with the U.S. Bankruptcy Court in Puerto Rico. A copy of the disclosure statement is available for free at https://is.gd/ZgIN6a Hairland is represented by: Emily Darice Davila Rivera, Esq. Law Office Emily D. Davila Rivera 420 Ponce de Leon Avenue Midtown, Suite 311 San Juan, PR 00918 Phone: 787-759-8090 Email: davilalawe@prtc.net About Hairland Corporation Hairland Corporation operates a barber shop located at Plaza Las Americas in Puerto Rico. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 17-00286) on January 23, 2017. Liza Diou, president, signed the petition. At the time of the filing, the Debtor estimated less than $50,000 in assets and less than $500,000 in liabilities. The Law Office Emily D. Davila Rivera represents the Debtor as bankruptcy counsel. IBEX LLC: Employs Wadsworth Warner as Counsel --------------------------------------------- Ibex, LLC, seeks authority from the U.S. Bankruptcy Court for the District of Colorado to employ Wadsworth Warner Conrardy, P.C., as counsel to the Debtor. Ibex, LLC requires Wadsworth Warner to: a. prepare on behalf of the Debtor of all necessary reports, orders and other legal papers required in the Chapter 11 proceeding; b. perform all legal services for Debtor as debtor-in- possession which may become necessary herein; and c. represent the Debtor in any litigation which the Debtor determines is in the best interest of the estate whether in state or federal bankruptcy court. Wadsworth Warner will be paid at these hourly rates: David V. Wadsworth $400 David J. Warner $300 Aaron J. Conrardy $285 Lacey S. Bryan $200 Paralegals $115 Wadsworth Warner received a retainer at the commencement of its employment in the amount of $27,107 from the Debtor. From the date of Wadsworth Warner's employment through the Petition Date, Wadsworth Warner billed the Debtor $5,496 in attorneys' fees and $1,717 filing fee. The firm was paid in full for such fees and costs from the amounts deposited by the Debtor. As of the Petition Date, Wadsworth Warner is holding the balance of the retainer of $19,894. Wadsworth Warner will also be reimbursed for reasonable out-of-pocket expenses incurred. David J. Warner, shareholder of Wadsworth Warner Conrardy, P.C., assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Wadsworth Warner can be reached at: David J. Warner, Esq. WADSWORTH WARNER CONRARDY, P.C. 1660 Lincoln Street, Suite 2200 Denver, CO 80264 Tel: (303) 296-1999 Fax: (303) 296-7600 E-mail: dwarner@wwc-legal.com About Ibex, LLC Right At Home -- http://www.rightathome.net/colorado-springs-- is a locally owned and operated franchise office of Right at Home Inc., a senior home care and staffing company providing care since 1995. The Company's mission is to improve the quality of life for those it serves by providing high quality in-home caregivers. The Company provides Alzheimer's care, companionship, physical assistance and respite care services. Ibex, LLC, based in Colorado Springs, CO, filed a Chapter 11 petition (Bankr. D. Colo. Case No. 17-16031) on June 29, 2017. The Hon. Elizabeth E. Brown presides over the case. David J. Warner, Esq., at Wadsworth Warner Conrardy, P.C., serves as bankruptcy counsel. The Debtor hired Jensen Dulaney LLC, as special counsel. In its petition, the Debtor estimated $111,012 in assets and $3.44 million in liabilities. The petition was signed by Peter Vanderbrouk, managing member. IBEX LLC: Hires Jensen Dulaney as Special Counsel ------------------------------------------------- Ibex, LLC, seeks authority from the U.S. Bankruptcy Court for the District of Colorado to employ Jensen Dulaney LLC, as special counsel to the Debtor. On the Petition Date, the Debtor and its managing member, Peter Vanderbrouk, were involved as plaintiffs in litigation against Right at Home, LLC, Brian Petranick, Margaret Haynes, Susanna Dunn -- Right at Home Defendants -- and Total Healthcare Staffing, Inc., Mark Terry, seven limited liability companies owned and/or operated by Mr. Terry -- Terry Defendants -- in Colorado State District Court in El Paso County, Case No. 2017CV31412. Mark Terry is the principal of Total Healthcare Staffing, Inc., the former owner of the Right at Home franchise that the Debtor now operates. The basis for the Debtor's claims against and the Right at Home Defendants and the Terry Defendants in the Litigation are principally based on fraud in the sale of the Franchise. Additionally, Total Healthcare Staffing, Inc. holds two disputed unsecured promissory note claims from the sale of the Franchise against the Debtor in the bankruptcy case. Ibex, LLC requires Jensen Dulaney to represent the Debtor's interest in connection with the Litigation, and any matters relevant to the Litigation. Jensen Dulaney will be paid at these hourly rates: Attorney $150-$300 Paralegals $100-$120 Prior to the Petition Date, the Debtor paid Jensen Dulaney $20,000 as retainer. Jensen Dulaney billed $11,925 against the retainer prior to the Petition Date, leaving a balance of $8,075 on the Petition Date. Jensen Dulaney will also be reimbursed for reasonable out-of-pocket expenses incurred. Erin M. Jensen, manager of Jensen Dulaney, LLC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Jensen Dulaney can be reached at: Erin M. Jensen, Esq. JENSEN DULANEY, LLC 444 E. Pikes Peak Avenue, Suite 200 Colorado Springs, CO 80903 Tel: (791) 362-5562 About Ibex, LLC Right At Home -- http://www.rightathome.net/colorado-springs-- is a locally owned and operated franchise office of Right at Home Inc., a senior home care and staffing company providing care since 1995. The Company's mission is to improve the quality of life for those it serves by providing high quality in-home caregivers. The Company provides Alzheimer's care, companionship, physical assistance and respite care services. Ibex, LLC, based in Colorado Springs, CO, filed a Chapter 11 petition (Bankr. D. Colo. Case No. 17-16031) on June 29, 2017. The Hon. Elizabeth E. Brown presides over the case. David J. Warner, Esq., at Wadsworth Warner Conrardy, P.C., serves as bankruptcy counsel. The Debtor hires Jensen Dulaney LLC, as special counsel. In its petition, the Debtor estimated $111,012 in assets and $3.44 million in liabilities. The petition was signed by Peter Vanderbrouk, managing member. IMH FINANCIAL: Four Directors Elected by Stockholders ----------------------------------------------------- At IMH Financial Corporation's annual meeting of stockholders held on June 29, 2017, Lawrence D. Bain, Leigh Feuerstein, Dr. Andrew Fishleder and Michael M. Racy were elected to the Company's Board of Directors. The stockholders also ratified the appointment of BDO USA, LLP as the Company's independent registered public accounting firm for the fiscal year ending Dec. 31, 2017. About IMH Financial Scottsdale, Ariz.-based IMH Financial Corporation was formed from the conversion of IMH Secured Loan Fund, LLC, or the Fund, a Delaware limited liability company, on June 18, 2010. The conversion was effected following a consent solicitation process pursuant to which approval was obtained from a majority of the members of the Fund to effect the Conversion Transactions and involved (i) the conversion of the Fund from a Delaware limited liability company into a Delaware corporation named IMH Financial Corporation, and (ii) the acquisition by the Company of all of the outstanding shares of the manager of the Fund Investors Mortgage Holdings Inc., or the Manager, as well as all of the outstanding membership interests of a related entity, IMH Holdings LLC, or Holdings on June 18, 2010. IMH Financial reported a net loss attributable to common shareholders of $12.25 million on $33.68 million of total revenue for the year ended Dec. 31, 2016, compared to a net loss attributable to common shareholders of $18.90 million on $32.49 million of total revenue for the year ended Dec. 31, 2015. As of March 31, 2017, IMH Financial had $96.80 million in total assets, $26.64 million in total liabilities, $32.80 million in redeemable convertible preferred stock and $37.35 million in total stockholders' equity. INDUSTRIE SERVICE: Seeks to Hire Ouzts Ouzts as Accountant ---------------------------------------------------------- Industrie Service, LLC seeks approval from the U.S. Bankruptcy Court for the District of South Carolina to hire an accountant. The Debtor proposes to hire Ouzts, Ouzts & Company, P.C. to, among other things, assist with compilation of required information including monthly reports and schedules; set up an internal system that will comply with the reporting requirements of Chapter 11; and assist in establishing feasibility of a bankruptcy plan. The hourly rates charged by the firm range from $125 to $275. Marty Ouzts and Darrell Sims, the accountants who will be primarily responsible for providing the services, will charge $275 per hour and $100 per hour, respectively. Mr. Ouzts disclosed in a court filing that his firm is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Marty P. Ouzts Ouzts, Ouzts & Company, P.C. 1220 Pickens Street Columbia, SC 29201 About Industrie Service LLC Industrie Service, LLC is a service establishment equipment company located in Greer, South Carolina. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.S.C. Case No. 17-02995) on June 16, 2017. Hansjuergen Blum, chief director officer and owner, signed the petition. At the time of the filing, the Debtor disclosed $1.58 million in assets and $9.2 million in liabilities. Judge Helen E. Burris presides over the case. McCarthy, Reynolds & Penn LLC is the Debtor's legal counsel. IPEK PROPERTIES: Hires Erol Gulistan as Attorney ------------------------------------------------ Ipek Properties, LLC, seeks authority from the U.S. Bankruptcy Court for the District of New Jersey to employ Erol Gulistan Law Firm LLC, as attorney to the Debtor. Ipek Properties requires Erol Gulistan to represent the Debtor in the Chapter 11 Bankruptcy proceedings. Erol Gulistan will be paid at these hourly rate of $225. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Erol Gulistan, member of Erol Gulistan Law Firm LLC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Erol Gulistan can be reached at: Erol Gulistan, Esq. EROL GULISTAN LAW FIRM LLC 600 Valley Road Wayne, NJ 07470 Tel: (201) 564-5552 About Ipek Properties, LLC Ipek Properties LLC, filed a Chapter 11 bankruptcy petition (Bankr. D.N.J. Case No. 17-20449) on May 22, 2017, disclosing under $1 million in both assets and liabilities. The Debtor hired Erol Gulistan, Esq., at Erol Gulistan Law Firm LLC, as its attorney. J & J CHEMICAL: Trustee Taps Cosho Humphrey as Attorney ------------------------------------------------------- Wayne Klein, the Chapter 11 Trustee of J & J Chemical Inc., seeks approval from the US Bankruptcy Court for the District of Idaho to retain Joseph M. Meier of the firm Cosho Humphrey, LLP as attorney. Services to be rendered by Mr. Meier are: (a) to give the Trustee legal advice with respect to its powers and duties as Trustee and in the preparation and presentation of continuing Chapter 11 matters; (b) to advise the Trustee in matters concerning creditors, claims, and property rights during the Chapter 11 proceeding; (c) to prepare on behalf of the Trustee necessary applications, answers, orders, reports and other legal papers as may be required; and (d) to perform all other legal services for the Trustee, the exact nature of which is not known at this time. Joseph M. Meier attests that Cosho Humphrey, LLP has no connection with the creditors, or any other party in interest, or their respective attorneys. The Firm can be reached through: Joseph M. Meier COSHO HUMPHREY, LLP 1501 S. Tyrell Lane Boise, ID 83706 Tel: (208) 344-7811 Fax: (208) 338-3290 Email: jmeier@cosholaw.com About J & J Chemical, Inc. J & J Chemical Inc of Blackfoot, Idaho, is a commercial laundry repair and maintenance company. J & J Chemical filed for Chapter 11 protection (Bankr. D. Idaho Case No. 17-40037) on January 19, 2017. The case is assigned to Jedge Jim D. Pappas. The Debtor is represented by Brent T. Robinson of Robinson & Tribe. As of the filing date, the Debtor estimated $100,001 to $500,000 both in assets and liabilities. Wayne Klein has been appointed as the Chapter 11 Trustee of J & J Chemical Inc. JLC TRANSPORTS: August 10 Plan, Disclosures Hearing --------------------------------------------------- Judge H. Christopher Mott of the U.S. Bankruptcy Court for the Western District of Texas conditionally approved JLC Transports, LLC's first amended disclosure statement describing its first amended plan of reorganization, dated June 29, 2017. July 28, 2017, at 5:00 p.m. (MT) is fixed as the last day for filing and serving objections to final approval of the Disclosure Statement. July 28, 2017, at 5:00 p.m. (MT) is also fixed as the last day for submitting ballots for acceptance or rejection of the Plan. July 28, 2017, at 5:00 p.m. (MT) is also fixed as the last day for filing and serving written objections to confirmation of the Plan. August 10, 2017, at 10:00 a.m. (MT) at the U.S. Bankruptcy Court, 511 E. San Antonio Ave, 4th Floor, El Paso, Texas, is fixed as the time and place of the hearing on final approval of the Disclosure Statement combined with the hearing on confirmation of the Plan and any objections thereto. About JLC Transports JLC Transports, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W. D. Texas Case No. 16-31646) on Oct. 13, 2016. The petition was signed by Fernando Vasquez, president. The case is assigned to Judge Christopher H. Mott. At the time of the filing, the Debtor estimated its assets and liabilities at $1 million to $10 million. LIFE PREMIUM: Chapter 15 Case Summary ------------------------------------- Chapter 15 Petitioner: Andrew Richard Victor Morrison FTI Consulting (Cayman) Limited 53 Market Street, Suite 3212 P.O. Box 30613 Camana Bay Grand Cayman, KY1-1203 Cayman Islands Tel: 212-488-1200 Foreign Proceeding in which appointment of the foreign representative occurred: Fin. Servs. Div. of the Grand Ct. Cayman Is., Cause No. FSD 3 of 2015 (AJJ) Chapter 15 Debtor: Life Premium Fund, SPC FTI Consulting 53 Market Street, Suite 3212 P.O. Box 30613 Camana Bay Grand Cayman KY1-1203 Cayman Islands Chapter 15 Case No.: 17-11899 About the Debtor: Life Premium Fund was incorporated on May 8, 2007, in the Cayman Islands as a closed-ended exempted segregated portfolio company under the laws of the Cayman Islands. The Company has an authorised share capital of $50,000 divided into 100 "voting shares" and 4,999,900 "non-voting participating shares", with all shares having a nominal value of $0.01 each. The Company carried on business as an investment fund. It was formed to procure and pool: (1) life insurance policies that insure the lives of elderly persons who were either terminally or chronically ill; and (2) rights to receive death benefits that would otherwise have been paid to the beneficiary of the insured or the original owner, capitalising on their maturity, or selling the assets prior to their maturity. The Company initially established and operated three segregated portfolios denominated as LS1, LS2 and LS3. An additional portfolio, LS4, was later established in or around August 2011. A winding up order was made in relation to Life Premium Fund, SPC on March 6, 2015. In accordance with the provisions of the Order, David Griffin and Andrew Morrison (FTI Consulting (Cayman) Ltd) were appointed as Joint Official Liquidators. Website: http://www.lpfliquidation.com Chapter 15 Petition Date: July 10, 2017 Court: United States Bankruptcy Court Southern District of New York (Manhattan) Judge: Hon. Stuart M. Bernstein Chapter 15 Petitioner's Counsel: David Farrington Yates, Esq. KOBRE & KIM LLP 800 Third Avenue New York, NY 10022 Tel: (212) 488-1211 Email: farrington.yates@kobrekim.com Estimated Assets: Not Indicated Estimated Debts: Not Indicated A full-text copy of the Chapter 15 petition is available at: http://bankrupt.com/misc/nysb17-11899.pdf LONG BEACH MEDICAL: Komanoff Unsecureds to Recoup 11-32% Under Plan ------------------------------------------------------------------- Long Beach Medical Center, et al., filed with the U.S. Bankruptcy Court for the Eastern District of New York its first amended disclosure statement dated June 26, 2017, on its first amended joint plan of liquidation dated June 26, 2017. The Plan provides a means by which the proceeds of the liquidation of the Debtors' assets will be distributed under Chapter 11 of the Bankruptcy Code, and sets forth the treatment of all claims against the Debtors. The Debtors have consummated the sale of substantially all of their assets in two separate transactions, one to South Nassau Communities Hospital, and the other to MLAP Acquisition I, LCC and MLAP Acquisition II, LLC, pursuant to orders of the Court authorizing the Debtors to sell (i) the LBMC assets, and (ii) the Komanoff assets. The Plan implements the distribution of the respective sales proceeds to holders of allowed claims against each Debtor's estate, and provides for liquidation of any remaining assets. Holders of Class Komanoff 5 Allowed General Unsecured Claims will recover 11-32%. The Debtors estimate that Allowed General Unsecured Claims will total between approximately $4.6 million and $9.2 million. Except to the extent that a holder of an Allowed Komanoff Class 5 Claim agrees to less favorable treatment, in exchange for full and final satisfaction, settlement, release, and discharge of each and every Komanoff Class 5 Claim, each holder of an Allowed Komanoff Class 5 Claim will be entitled to receive, in cash: (a) a pro-rata distribution of Net Komanoff Proceeds up to 50% of the Tranche 1 Limit, plus, an amount of additional Net Komanoff Proceeds equal to the difference, if any, between $750,000 (an amount equal to 50% of the Tranche 1 Limit) and any Distributable Value actually distributed to holders of Allowed LBMC Class 5 Claims; plus, (b) to the extent any Net Komanoff Proceeds remain after the Debtors actually distribute Distributable Value, in the aggregate, up to the Tranche 1 Limit, a pro-rata distribution of Net Komanoff Proceeds, to be shared pari- passu with the holder of the Komanoff Class 6 Claim, up to 50% of the Tranche 2 Limit, plus, an amount of additional Net Komanoff Proceeds equal to the difference, if any, between $625,000 (an amount equal to 50% of the Tranche 2 Limit) and any Distributable Value actually distributed to holders of LBMC Class 5 Claims; plus, (c) to the extent any Net Komanoff Proceeds remain after the Debtors actually distribute Distributable Value, in the aggregate, up to the Tranche 2 Limit, and after PBGC receives full payment of the subordination amount, a pro- rata distribution of all remaining Net Komanoff Proceeds, pari-passu with the holder of Komanoff Class 6 Claim. The First Amended Disclosure Statement is available at: http://bankrupt.com/misc/nyeb14-70593-605.pdf As reported by the Troubled Company Reporter on May 30, 2017, the Debtors filed a disclosure statement dated May 17, 2017, referring to the Debtors' joint plan of liquidation, which proposed that Class LBMC 5 General Unsecured Claims will recover less than 1% under the Plan. About Long Beach Medical Center Long Beach Medical Center, formerly Long Beach Memorial Hospital, was a 162-bed, community-based hospital offering primary, acute, emergency and long-term health care to residents of Long Beach, New York. Founded in 1922, LBMC was a teaching facility for the New York College of Osteopathic Medicine. LBMC was shut down after superstorm Sandy devastated the hospital in October 2012. Long Beach Memorial Nursing Home Inc, runs the The Komanoff Center for Geriatric and Rehabilitative Medicine, a 200-bed skilled nursing facility affiliated with LBMC. It provides services for residents requiring long term nursing home care and short term post-acute (sub-acute) care. Currently there are 127 residents of Komanoff. Long Beach Medical Center and Long Beach Memorial Nursing Home dba The Komanoff Center for Geriatric and Rehabilitative Medicine, sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case Nos. 14-70593 and 14-70597) on Feb. 19, 2014. Long Beach Medical Center scheduled $17,400,606 in total assets and $84,512,298 in total liabilities. Garfunkel Wild P.C. serves as the Debtors' counsel. GCG, Inc., is the Debtors' claims and noticing agent. The Hon. Alan S. Trust presides over the cases. The U.S. Trustee has appointed three members to the official committee of unsecured creditors. The panel retained Klestadt & Winters, LLP, led by Sean C. Southard, Esq., as counsel. LUCKY DUCK: Disclosures Conditionally OK'd; Plan Hearing on Aug. 17 ------------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Oregon has conditionally approved Lucky Duck Campground, LLC's disclosure statement dated June 22, 2017, referring to the Debtor's plan of reorganization dated June 22, 2017. The hearing on the final approval of the Disclosure Statement and confirmation of the Plan will be held on Aug. 17, 2017, at 1:30 p.m. Objections to the approval of the Disclosure Statement or plan confirmation must be filed no less than seven days before the hearing. Written ballots accepting or rejecting the Plan must be filed no less than seven days before the hearing. About Lucky Duck Campground Lucky Duck Campground, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ore. Case No. 16-63434) on Nov. 29, 2016, disclosing under $1 million in both assets and liabilities. The case is assigned to Judge Thomas M. Renn. The Debtor is represented by Ted A Troutman, Esq., at Troutman Law Firm, P.C. The Cottage Grove Tax Office serves as the Debtor's accountant. MAIN STREET CAFE: Taps Swenson Law Group as Legal Counsel --------------------------------------------------------- Main Street Cafe Bloomer, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Wisconsin to hire legal counsel in connection with its Chapter 11 case. The Debtor proposes to hire The Swenson Law Group to, among other things, give legal advice regarding its duties under the Bankruptcy Code, represent it in any potential financing deal, negotiate with creditors, and assist in the preparation of a plan of reorganization. The firm received $10,000 from the Debtor as advance payment for its fees and expenses. Mart Swenson, Esq., at Swenson, disclosed in a court filing that he and his firm do not hold or represent any interest adverse to the Debtor or its bankruptcy estate. The firm can be reached through: Mart W. Swenson, Esq. The Swenson Law Group 118 E. Grand Avenue Eau Claire, WI 54701 Phone: 715-835-7779 Email: court@swensonlawgroup.com Email: mart@swensonlawgroup.com About Main Street Cafe Bloomer LLC Main Street Cafe Bloomer, LLC operates a restaurant at 1418 Main Street, Bloomer, Wisconsin. It also produces pies, which it sells to vendors in western Wisconsin. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wis. Case No. 17-12153) on June 14, 2017. Donald Stoik, owner, signed the petition. At the time of the filing, the Debtor disclosed that it had estimated assets of less than $100,000 and liabilities of less than $500,000. Judge Catherine Furay presides over the case. MCAADS.COM LLC: Taps Lexium PLLC as Special Counsel --------------------------------------------------- MCAAds.com, LLC and My Classified Ads, LLC seek approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Lexium PLLC as special counsel. The firm will review standard contracts and will provide legal advice to the Debtors regarding a former employee's violation of a non-compete agreement. Daniel Musca, Esq., the attorney at Lexium who will be representing the Debtors, charges an hourly fee of $275. Mr. Musca disclosed in a court filing that his firm does not hold or represent any interest adverse to the Debtors and their estates. The firm can be reached through: Daniel Musca, Esq. Lexium PLLC 13139 Linebaugh Avenue, Suite 101 Tampa, FL 33626 Phone: (813) 814-0700 Fax: (813) 814-0762 Email: info@lexiumlegal.com About MCAAds.com, LLC MCAAds.Com, LLC and My Classified Ads, LLC, are small business debtors as defined in 11 U.S.C. Section 101(51D) that are engaged in advertising. MCAAds.Com and My Classified Ads filed Chapter 11 petitions (Bankr. M.D. Fla. Case Nos. 17-05179 and 17-05180, respectively) on June 14, 2017. Blaire Fanning, manager, signed the petitions. At the time of filing, MCAAds.Com scheduled $537,689 in assets and $2,410,000 in liabilities. My Classified Ads disclosed $625,067 in assets and $2,390,000 in liabilities. The Debtors are represented by Suzy Tate, Esq. at Suzy Tate, P.A. MESA OIL: Taps Coan Payton as Special Counsel --------------------------------------------- Mesa Oil, Inc. seeks approval from the US Bankruptcy Court for the District of Colorado to employ Coan, Payton, & Payne, LLC as special counsel to perform represent the Debtor in regard to various issues involving litigation against Peninsula Holdings, LLC in the Adams County District Court, Case No. 2017CV30428 over the Debtor's use and occupation of a machine shop attached to the Debtor's leased premises located at 6395 East 80th Avenue, Commerce City, Colorado 80022. The firm will litigate issues related to the Debtor's occupation of the truck repair shop. The Debtor says the firm has significant experience in handling lease issues. The Special Counsel has agreed to proceed with the representation of the Debtor on an hourly basis. Carol Raznick, Esq., and Robert Lantz, Esq., will be the primary parties attorneys in charge of the Debtor's account. Mr. Lantz's rate is $350 per hour. The Debtor has also provided Special Counsel with a retainer in the amount of $5,000. Robert Lantz attests that the Special Counsel does not represent or hold any interest adverse to the Debtor or to the estate with respect to the matters upon which the firm is to be engaged. The Firm can be reached through: Robert Lantz, Esq. COAN, PAYTON & PAYNE, LLC 999 18th Street South Tower/Suite S1500 Denver, CO 80202 Phone: (303) 861-8888 Fax: (970) 232-9927 About Mesa Oil Headquartered in Commerce City, Colorado, Mesa Oil, Inc., doing business as Mesa Environmental -- http://www.mesaoil.com/-- collects and recycles used oil, and supplies burner fuel to the asphalt paving industry. It offers blended fuel oil, BTU value fuel, and specification fuel oil for asphalt hot mix plants. It serves customers in Montana, Wyoming, Utah, Colorado, Arizona, New Mexico, and Texas. Mesa Oil was founded in 1981. It is a fee owner of a land and building located at 20 Lucero Road, Belen, New Mexico 87002, valued at $1.02 million. Mesa Oil previously sought bankruptcy protection (Bankr. D. Colo. Case No. 10-33755) on Sept. 18, 2010. Mesa Oil filed for Chapter 11 bankruptcy protection (Bankr. D. Colo. Case No. 17-14004) on May 2, 2017, listing $2.93 million in total assets and $4.74 million in total liabilities. Lawrence Meers, president, signed the petition. Judge Elizabeth E. Brown presides over the case. Jeffrey S. Brinen, Esq., at Kutner Brinen, P.C., serves as the Debtor's counsel. MINI MASTER: Unsecureds to Get Paid from $50K Carve-Out ------------------------------------------------------- Mini Master Concrete Services, Inc., filed with the U.S. Bankruptcy Court for the District of Puerto Rico a first amended disclosure statement to accompany its plan of reorganization. Under this amended plan, Class 4 Allowed General Unsecured Claimants, excluding the claim of Mrs. Bess M. Taylor Mitchell, who will not receive any dividends under the Plan, but including ESSROC's San Juan, Inc.'s claim, will be paid in full satisfaction of their claims, their pro-rata share from a $50,000 carve-out to be reserved from the proceeds of the sale of Debtor's assets. The estimated amount of allowed claim for this class is now $932,374, 48. The previous estimated amount was $897,123.63 The original version of the plan asserted that Class 4 Allowed General Unsecured Claimants, excluding the claim of Mrs. Bess M. Taylor Mitchell, who will not receive any dividends under the Plan, but including the Claims of ESSROC San Juan, Inc. and Economic Development Bank of P.R's and Wells Fargo Financial Leasing's deficiency claims, shall be paid in full satisfaction of their claims, approximately 1.75%, from a $50,000 carve out to be reserved from the proceeds of the sale of Debtor's assets. The Plan contemplates that substantially all of Debtor's assets securing the claims will be sold, excepting the real properties of both Debtor and those of the estate of Victor Maldonado Davila to be transferred to EDB. With the proceeds of the sale to Master Group P.R. Holdings, LLC and the other sales, the Debtor will be able to make the payments to Holders of Allowed Administrative Expense Claims, Holders of Allowed Priority Tax Claims, Holders of Other Priority Tax Claims and to Classes 1, 2, 3, and 4. A copy of the First Amended Disclosure Statement is available at: http://bankrupt.com/misc/prb16-09956-11-145 About Mini Master Concrete Services Mini Master Concrete Services, Inc. filed a Chapter 11 bankruptcy petition (Bankr. D.P.R. Case No. 16-09956) on December 22, 2016. The Hon. Mildred Caban Flores over the case. Charles A. Cuprill, PCS Law Offices represents the Debtor as counsel. The Debtor disclosed total assets of $15.78million and total liabilities of $5.46 million. The petition was signed by Carmen M. Betancourt, president. MLRG INC: WRIT Wants Approval of Plan and Disclosures Denied ------------------------------------------------------------ WRIT Limited Partnership filed with the U.S. Bankruptcy Court for the Eastern District of Virginia an opposition to MLRG, Inc.'s disclosure statement and plan of reorganization. Among other reasons, WRIT contends that the Plan contains no ﬁnancial projections whatsoever. On page 1, the Debtor even submits that the Debtor is "unable to warrant or represent that [the] information [in the Plan] is without inaccuracy, although great effort has been made to be accurate," WRIT tells the Court. The Debtor has not disclosed what "efforts" were made to ensure accuracy, WRIT says. WRIT also complains that the Plan contains no liquidation analysis. Without a liquidation analysis, creditors cannot determine if the value they will receive under the Plan exceeds the value they would receive in liquidation. Thus, it is impossible for creditors to make an informed decision whether to accept or reject the treatment provided to them under the Plan. The Plan is also confusing with regard to payments to be remitted to different classes of claims. On page 6 of the Plan, there is a representation that a lump sum is going to remitted to Debtor's secured creditor with continued monthly payments remitted by Debtor to the secured creditor thereafter. Nowhere in the Plan does Debtor disclose the amount of the proposed lump sum, the amount(s) of the monthly payments to the creditors, and how the payment(s) to the secured creditor impact future projections/distributions to other creditors. In addition to being difﬁcult, if not impossible, to determine exactly what the Plan provides given the lack of meaningful disclosure as set forth above, WRIT submits that the Plan is also not conﬁrmable. Because of the said reasons, WRIT respectfully requests that the Court should deny approval of the Disclosure Statement and deny conﬁrmation of the Plan. Counsel for WRIT Limited Partnership: Leon Koutsouftikis, Esq. MAGRUDER COOK & KOUTSOUFTIKIS 1889 Preston White Drive, Suite 200 Reston, VA 20191 Tel: (703) 766-4400 Fax: (571) 313-8967 About MLRG, Inc. MLRG, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Case No. 16-13634) on Oct. 25, 2016. The petition was signed by Michael Landrum, president. The Debtor is represented by Todd Lewis, Esq., at The Lewis Law Group, P.C. The Debtor estimated assets and liabilities at $500,001 to $1 million at the time of the filing. MOREHEAD MEMORIAL: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------------- Debtor: Morehead Memorial Hospital 117 E. Kings Hwy. Eden, NC 27288-5201 Tel: (336) 623-9711 Case No.: 17-10775 Type of Business: Morehead Memorial Hospital -- http://www.morehead.org/-- is a North Carolina non-profit corporation that owns and operates a 108-bed general acute care community hospital on a 22-acre campus located at 117 East Kings Highway, Eden, North Carolina. Within the Hospital Real Property, the Debtor also owns and operates a 121-bed skilled nursing facility. In addition to the Hospital Real Property, the Debtor also owns several other parcels of real property located in Eden that are contiguous to, or in the general vicinity of, the Hospital Real Property. Founded in 1924, the Debtor is a two-state healthcare system that serves patients in a 12-zip code area encompassing Rockingham County, North Carolina and neighboring southern Virginia areas. A cornerstone in Eden and one of the top five employers in Rockingham County, the Debtor employs approximately 700 individuals that provide comprehensive medical services to the more than 31,000 people who visit the Debtor's facilities on an annual basis. The Debtor is controlled by an eleven-member board of trustees comprised of community leaders from Eden and Rockingham County. Chapter 11 Petition Date: July 10, 2017 Court: United States Bankruptcy Court Middle District of North Carolina (Greensboro) Judge: Hon. Benjamin A. Kahn Debtor's Counsel: Thomas W. Waldrep, Jr., Esq. Jennifer B. Lyday, Esq. Francisco T. Morales, Esq. WALDREP LLP 101 S. Stratford Road, Suite 210 Winston-Salem, NC 27104 Tel: 336-717-1440 Fax: 336-717-1340 Email: notice@waldrepllp.com jlyday@waldrepllp.com twaldrep@waldrepllp.com fmorales@waldrepllp.com Debtor's Special Counsel: WOMBLE CARLYLE SANDRIDGE & RICE, LLP Debtor's Financial Consultant: GRANT THORNTON LLP Debtor's Investment Banker: HANLON HAMMOND CAMP LLC Debtor's Claims & Noticing Agent: DONLIN, RECANO & COMPANY, INC. Free site: https://www.donlinrecano.com Estimated Assets: $10 million to $50 million Estimated Debts: $10 million to $50 million The petition was signed by Dana M. Weston, chief executive officer. A full-text copy of the petition is available for free at http://bankrupt.com/misc/ncmb17-10775.pdf List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount ------ --------------- ------------ Nuvasive Inc. Trade Payables $631,629 7475 Lusk Blvd San Diego CA 92121 Tel: 800-475-9131 Fax: 800-475-9134 Legacy Healthcare Trade Payables $568,154 Services Inc. PO Box 743715 Atlanta GA 30384-3715 John Tel: 919-424-5080 Morrison Healthcare Trade Payables $358,256 PO Box 102289 Atlanta GA 30368-2289 Aramark Corporation Trade Payables $303,917 Healthcare Group 24863 Network PL Chicago IL 60673-1248 Crothall Trade Payables $277,985 1500 Liberty Ridge DR Suite 210 Wayne PA 19087 Moonlighting Solutions Trade Payables $182,143 American Express Trade Payables $181,876 Parallon/Chicago IL Trade Payables $155,170 Elekta Inc. Trade Payables $127,115 Novant Health Shared Trade Payables $120,821 Medassist Firstsource Trade Payables $81,397 Medtronic USA Inc. Trade Payables $77,349 Pharmerica Trade Payables $72,045 NCHEWC Fund Trade Payables $57,671 Medical Solutions LLC Trade Payables $57,319 Cross Country Staffing Trade Payables $54,643 Novo Health Trade Payables $50,325 Healthgram Inc. Trade Payables $47,405 Medline Industries Trade Payables $46,438 Medical Information Trade Payables $44,162 Technology Inc. MOTEL TROPICAL: Disclosures OK'd; Plan Hearing on Aug. 23 --------------------------------------------------------- The Hon. Brian K. Tester of the U.S. Bankruptcy Court for the District of Puerto Rico has approved Puerto Rico Tourism Co.'s disclosure statement dated May 25, 2017, referring to the Chapter 11 plan dated May 25, 2017. A hearing for the consideration of confirmation of the Plan will be held on Aug. 23, 2017, at 2:00 p.m. Objections to claims must be filed prior to the hearing on confirmation. The Debtor will include in its objection to claim a notice that if no response to the objection is filed within 30 days, the motion will be considered and decided without the actual hearing. If a written response or opposition to the objection to claim is timely filed, the contested matter will be heard on the date that the hearing on confirmation has been scheduled and the next available hearing date. Any objection to confirmation of the Plan must be filed on or before seven days prior to the date of the hearing on confirmation of the Plan. As reported by the Troubled Company Reporter on June 12, 2017, the Debtor's priority claim will be paid in full under the latest plan proposed by the Debtor to exit Chapter 11 protection. According to the latest plan, Motel Tropical will pay the agency's priority claim of $46,611.67 in its entirety on or before February 2022 or within 72 months from the petition date. About Motel Tropical Motel Tropical Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 16-00966) on Feb. 11, 2016, disclosing under $1 million in both assets and liabilities. The Debtor is represented by Isabel M. Fullana, Esq., at Garcia-Arregui & Fullanan PSC. The Debtor manages a motel business located at Carr 2.KM 110.7 Ave. Militar, Isabel Puerto Rico. The property on which the Debtor operates is leased to Manuel Gonzalez Valeting. No official committee of unsecured creditors has been appointed in the case. On July 14, 2016, the Debtor filed a disclosure statement, which explains its proposed Chapter 11 plan of reorganization. NORTH BEACHES PHARMACY: Court Denies Bid to Use Cash Collateral --------------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida has denied North Beaches Pharmacy, Inc.'s request for authorization to use cash collateral. The Debtor's request is denied as moot. The denial has no effect on the previously awarded interim use of cash collateral. North Beaches Pharmacy, Inc., filed for Chapter 11 bankruptcy (Bankr. M.D. Fla. Case No. 16-03618) on Sept. 28, 2016. The Hon. Jerry A. Funk presides over the case. The Debtor is represented by The Law Offices of Jason A. Burgess, LLC. OMNI LOOKOUT: Taps Hajjar Peters as Legal Counsel ------------------------------------------------- Omni Lookout Ridge, LP seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire legal counsel in connection with its Chapter 11 case. The Debtor proposes to hire Hajjar Peters LLP to, among other things, give legal advice regarding its duties under the Bankruptcy Code, represent it in the negotiation and documentation of any potential sale or refinancing of its property, and assist in the preparation of a plan of reorganization. Ron Satija, Esq., the attorney who will be handling the case, will charge an hourly fee of $375 while legal assistants will charge $125. The hourly rates for other attorneys of the firm range from $200 to $400. Prior to its bankruptcy filing, the Debtor paid Hajjar Peters the sum of $7,500, of which $3,382.50 went to pre-bankruptcy fees and expenses and $1,717.00 for the filing fee. Mr. Satija, Esq., disclosed in a court filing that he and his firm do not hold or represent any interest adverse to the Debtor. Hajjar Peters can be reached through: Ron Satija, Esq. Hajjar Peters LLP 3144 Bee Caves Road Austin, TX 78746 Phone: (512) 637-4956 Fax: (512) 637-4958 Email: rsatija@legalstrategy.com About Omni Lookout Omni Lookout Ridge, LP, owns and operates a business known as Lookout Ridge Apartments, an apartment complex, located at 201 Lookout Ridge Boulevard, Harker Heights, Bell County, Texas 76548-7217. Omni Lookout listed its business as a single asset real estate (as defined in 11 U.S.C. Section 101(51B)). Omni Lookout Ridge filed for Chapter 11 bankruptcy protection (Bankr. W.D. Tex. Case No. 17-60447) on June 6, 2017, estimating assets and liabilities between $1 million and $10 million. The petition was signed by Drew G. Hall, manager. Judge Ronald B. King presides over the case. Omni Lookout Ridge previously sought bankruptcy protection (Bankr. W.D. Tex. Case No. 16-11048) on Sept. 6, 2016. PLASCO TOOLING: Hires Wernette Heilman as Attorney -------------------------------------------------- Plasco Tooling & Engineering Corporation seeks authority from the U.S. Bankruptcy Court for the Eastern District of Michigan to employ Wernette Heilman PLLC, as attorney to the Debtor. Plasco Tooling requires Wernette Heilman to: a. advise the Debtor with respect to its powers and duties as debtor and debtor-in-possession in the continued management and operation of its business; b. administer the bankruptcy case and the exercise oversight with respect to Debtor's affairs, including all issues arising from the Chapter 11 case; c. negotiate and execute a section 363 sale process; d. prepare necessary applications, motions, memoranda, orders, reports, and other legal papers; e. appear in Court and at meetings to represent the interests of Debtor; f. negotiate with creditors and other parties in interest; g. prepare and prosecute a Chapter 11 plan of reorganization; and h. perform all other legal services for Debtor in connection with the Chapter 11 case. Wernette Heilman will be paid at these hourly rates: Attorney $305-$320 Paralegal $115 Prior to the petition date, Wernette Heilman received from the Debtor a retainer of $25,000, of which was paid for pre-petition expenses and filing fee, leaving a balance retainer of $14,938. Wernette Heilman will also be reimbursed for reasonable out-of-pocket expenses incurred. Ryan D. Heilman, member of Wernette Heilman PLLC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Wernette Heilman can be reached at: Ryan D. Heilman, Esq. WERNETTE HEILMAN PLLC 24725 W. 12 Mile Rd., Suite 110 Southfield, MI 48034 Tel: (248) 663-5170 Fax: (248) 703-6808 E-mail: ryan@wernetteheilman.com About Plasco Tooling & Engineering Corporation Headquartered in Romeo, Michigan, Plasco Tooling & Engineering Corporation -- http://www.plascocorp.com/about-plasco/-- is globally recognized as a supplier of aircraft and automotive tooling parts. The Company offers integrated program management, design, CNC machining, and the manufacture of Invar tools, assembly jigs, checking fixtures, gages, dies, and more while adhering to its customers' stringent quality requirements. The Debtor filed for Chapter 11 bankruptcy protection (Bankr. E.D. Mich. Case No. 17-49638) on June 29, 2017, estimating its assets and liabilities at between $1 million and $10 million each. The petition was signed by John Zuccarini, president. Judge Mark A. Randon presides over the case. Ryan D. Heilman, Esq., at Wernette Heilman PLLC serves as the Debtor's bankruptcy counsel. PORTER BANCORP: Obtains $10-M Financing from First Merchants Bank ----------------------------------------------------------------- Porter Bancorp, Inc. has entered into a secured loan agreement with First Merchants Bank of Muncie, Indiana, using the proceeds to strengthen the capital position of PBI Bank, the Company's wholly owned banking subsidiary. Under the terms of the loan agreement, the Company borrowed $10.0 million on June 30, 2017. Interest payments are payable quarterly at the rate of three-month LIBOR plus 250 basis points through June 30, 2020, at which time quarterly principal payments of $250,000 plus interest will commence. The loan is due on June 30, 2022, and is secured by 100% of the issued and outstanding common stock of PBI Bank. The loan agreement also includes covenants relating to cash-on-hand at the Company, maintenance of certain risk-based capital ratios by the Bank and the Company, and non-performing assets. The Company contributed $9.0 million of the borrowing proceeds to the Bank as Common Equity Tier-1 Capital. The remaining $1.0 million in proceeds were retained by the lender in an escrow to service quarterly interest payments. A full-text copy of the Loan Agreement is available for free at: https://is.gd/FQW4UM About Porter Bancorp, Inc. Porter Bancorp, Inc. (NASDAQ: PBIB) is a Louisville, Kentucky-based bank holding company which operates banking centers in 12 counties through its wholly-owned subsidiary PBI Bank. The Company's markets include metropolitan Louisville in Jefferson County and the surrounding counties of Henry and Bullitt, and extend south along the Interstate 65 corridor. The Company serves southern and south central Kentucky from banking centers in Butler, Green, Hart, Edmonson, Barren, Warren, Ohio and Daviess counties. The Company also has a banking center in Lexington, Kentucky, the second largest city in the state. PBI Bank is a traditional community bank with a wide range of personal and business banking products and services. Porter Bancorp reported a net loss of $2.75 million on $35.60 million of interest income for the year ended Dec. 31, 2016, compared to a net loss of $3.21 million on $36.57 million of interest income for the year ended Dec. 31, 2015. As of March 31, 2017, Porter Bancorp had $942.35 million in total assets, $906.84 million in total liabilities and $35.50 million in total stockholders' equity. The Company said in its 2016 Annual Report that, "Regulatory restrictions have limited our ability to pay interest on the junior subordinated debentures that underlie our trust preferred securities. If we cannot pay accrued and unpaid interest on these securities for more than twenty consecutive quarters, we will be in default." "At December 31, 2016, we had an aggregate obligation of $21.4 million relating to the principal and accrued unpaid interest on our four issues of junior subordinated debentures, which has resulted in a deferral of distributions on our trust preferred securities. Although we are permitted to defer payments on these securities for up to five years (and we commenced doing so in 2016), the deferred interest payments continue to accrue until paid in full. Our deferral period expires after the second quarter of 2021." PORTER FIELD: U.S. Trustee Directed to Appoint PCO -------------------------------------------------- Judge James P. Smith of the U.S. Bankruptcy Court for the Middle District of Georgia entered an Order directing the United States Trustee to appoint a patient care ombudsman for Porter Field Health & Rehab Center, LLC. The Order also provides the U.S. Trustee 21 days from the date of the Order to file a motion with the Court for a determination to be made that an Ombudsman is not necessary in the case and that an appointment pursuant to the Order is not necessary. About Porter Field Porter Field Health & Rehab Center, LLC filed a Chapter 11 petition (Bankr. M.D. Ga.) on June 27, 2017, and is represented by Wesley J. Boyer, Esq. in Macon, Georgia. At the time of filing, the Debtor had $1 million to $10 million in estimated liabilities and $1 million to $10 million in estimated assets. The petition was signed by Michael E. Winget, Sr., managing member. The Debtor's list of 20 largest unsecured creditors is available for free at http://bankrupt.com/misc/gamb17-51362.pdf PUBLE NV: Unsecureds to Recoup 100% Under Plan ---------------------------------------------- Puble NV and Scotia Valley NV filed with the U.S. Bankruptcy Court for the Southern District of New York a disclosure statement dated June 26, 2017, in connection with their joint Chapter 11 plan of reorganization dated June 26, 2017. The Debtors will (a) pay holders of Class 3A General Unsecured Claims against Puble 100% of the amount of their allowed claim in full, in cash, with interest from the Petition Date to the Confirmation Date at the contract rate to the extent the underlying agreement or instrument giving rise to the Allowed Class 3B Claim provides for interest, within 30 days of the Effective Date, from the Plan Distribution Fund, or (b) satisfy Allowed Class 3A Claim on other terms and conditions as the holder of an Allowed Class 3A Claim and Puble will agree, in full and final satisfaction of such Claims as against Puble. Class 3A Claims are not impaired under the Plan and are deemed to accept the Plan. The Debtors will (a) pay holders of Class 3B General Unsecured Claims Against Scotia Valley 100% of the amount of their allowed claim in full, in cash, with interest from the Petition Date to the Confirmation Date at the contract rate to the extent the underlying agreement or instrument giving rise to the Allowed Class 3B Claim provides for interest, within 30 days of the Effective Date, from the Plan Distribution Fund, or (b) satisfy Allowed Class 3B Claims on other terms and conditions as the holder of an Allowed Class 3B Claim and Scotia Valley will agree, in full and final satisfaction of claims as against Scotia Valley. Class 3B Claims are not impaired under the Plan and are deemed to accept the Plan. Distributions under the Plan will be paid from the Plan Distribution Fund, which will be funded by the Transaction Proceeds, but only to the extent those proceeds are needed to satisfy allowed claims after giving effect to the Debtors' cash on hand on the Effective Date. The Transaction Proceeds will be the primary source of distributions under the Plan. The Plan Distribution Fund will be administered by Togut, Segal & Segal LLP, solely in its capacity as disbursing agent, in accordance with the terms of the Plan. A copy of the Disclosure Statement is available at: http://bankrupt.com/misc/nysb17-10747-48.pdf About Puble & Scotia Valley Scotia Valley NV, which was initially incorporated in Curacao, Netherlands Antilles in 1979, owns and operates the real property located in Washington, DC, known as 1737 H Street NW, an approximately 17,800-square foot, five-story office building that has been leased to commercial tenants over the years. Puble NV, initially formed in Curacao, Netherlands Antilles in 1985, owns and operates the real property located in New York City known as 67-69 Irving Place, a 3,933-square foot parcel of land with a 12-story commercial office building. Puble NV (Bankr. S.D.N.Y. Case No. 17-10747) and Scotia Valley NV (Bankr. S.D.N.Y. Case No. 17-10748) filed Chapter 11 petitions on March 28, 2017. The Chapter 11 cases are jointly administered. The Hon. Michael E. Wiles presides over the cases. Togut, Segal & Segal LLP represent the Debtors as counsel. Tramonte, Yeonas, Martin & Roberts PLLC, serves as the Debtors' real estate counsel. In its petition, Puble estimated $10 million to $50 million in both assets and liabilities, while Scotia Valley estimated $1 million to $10 million in both assets and liabilities. The petitions were signed by Charis Lapas, president/treasurer. RATAMESS CHIROPRACTIC: Incurs Debt to Pay Creditors in Full ----------------------------------------------------------- Ratamess Chiropractic Clinic, P.C., filed with the U.S. Bankruptcy Court for the District of Carolina an amendment to the Debtor's second amended disclosure statement, stating that the Debtor has filed application to obtain a loan secured by the commercial building, upon which it operates, for the purpose of paying out all creditors in full on the Effective Date of the Plan, which is the 15th day after the Court entered its order confirming the Plan. The specific terms of the loan are included in a motion to incur debt filed separately with the Court. A copy of the Amendment is available at: http://bankrupt.com/misc/scb16-04993-70.pdf As reported by the Troubled Company Reporter on June 20, 2017, the Debtor on June 5 filed with the Court a second amended disclosure statement, which explains the Debtor's proposed plan to exit Chapter 11 protection. Under the Plan, Class 6 Claims of General Unsecured Creditors will be impaired. This class will be paid a percentage of their allowed claims without interest after the Effective Date as set forth in this Plan of Reorganization. This class is deemed to be impaired. About Ratamess Chiropractic Clinic Ratamess Chiropractic Clinic, P.C. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.S.C. Case No. 16-04993) on Sept. 30, 2016. The petition was signed by Dr. Scott Ratamess, owner. At the time of the filing, the Debtor estimated assets and liabilities of less than $500,000. Robert H. Cooper, Esq., at The Cooper Law Firm represents the Debtor as bankruptcy counsel. The Office of the U.S. Trustee on November 2 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Ratamess Chiropractic Clinic, P.C. On March 30, 2017, the Debtor filed a disclosure statement, which explains its proposed Chapter 11 plan of reorganization. RIVER CREST: Case Summary & Largest Unsecured Creditors ------------------------------------------------------- Affiliated Debtors that filed separate Chapter 11 bankruptcy petitions: Debtor Case No. ------ -------- River Crest Estates, LLC 17-15755 aw River Crest Development, LLC 44615 Sandia Creek Drive Temecula, CA 92590 River Crest Development, LLC 17-15757 aw River Crest Estates, LLC 44615 Sandia Creek Drive Temecula, CA 92590 Type of Business: River Crest Estates listed its business as a single asset real estate (as defined in 11 U.S.C. Section 101(51B)). It owns a fee simple interest in a vacant land, roughly 22 acres of property, in Bullhead City, Arizona that is planned for development as a residential community. The property is valued at $665,000. The principal business address of River Crest Development is 44615 Sandia Creek Drive, Temecula, CA 92590, Riverside County. Chapter 11 Petition Date: July 10, 2017 Court: United States Bankruptcy Court Central District of California (Riverside) Judge: Hon. Scott C Clarkson Debtors' Counsel: Todd L Turoci, Esq. THE TUROCI FIRM 3845 Tenth Street Riverside, CA 92501 Tel: 888-332-8362 Fax: 866-762-0618 Email: mail@theturocifirm.com Estimated Estimated Assets Liabilities --------- ----------- River Crest Estates $845,185 $2.02M River Crest Development $80,000 $1.86M The petition was signed by Earl Coleman, general manager. A list of River Crest Estates' 12 largest unsecured creditors is available for free at http://bankrupt.com/misc/cacb17-15755.pdf A list of River Crest Development's nine largest unsecured creditors is available for free at http://bankrupt.com/misc/cacb17-15757.pdf RUE21 INC: ARC, et al., Seek Rejection of Plan Disclosures ---------------------------------------------------------- Landlords ARC NPHUBOH001, LLC, ARC RBASHNC001, LLC, Aronov Realty Management, Brixmor Property Group, Inc., Centennial Real Estate Company, LLC, C.E. John Company, Inc., Deutsche Asset & Wealth Management, Devonshire REIT, Durango Mall, LLC, Foursquare Properties, Inc., Gem Realty Capital, Inc., Goldman Sachs Realty Management, L.P., Kravco Company, LLC, KRE Broadway Mall Owner, LLC, KRE Colonie Owner, LLC, The Macerich Company, PGIM Real Estate, SIMA Management Corporation, Southgate Mall Associates, LLP, Starwood Retail Partners LLC, UBS Realty Investors LLC, Vintage Real Estate, LLC, Weitzman Management Corporation, and YTC Mall Owner, LLC filed with the U.S. Bankruptcy Court for the Western District of Pennsylvania a limited objection to rue 21, inc. and affiliates' disclosure statement explaining their joint plan of reorganization. The Landlords complain that the Disclosure Statement does not satisfy the disclosure standards set forth in Section 1125. The Disclosure Statement and Plan rely, in part, on a Plan Supplement that will not be filed until August 1, 2017. Moreover, the information provided in the Plan Supplement, including the list of assumed leases and executory contracts, may be amended until well beyond the Effective Date of the Plan. This is contrary to the Bankruptcy Code and makes it impossible for creditors to make an informed decision on the Plan. The Disclosure Statement and Plan provide that the assumption of leases shall serve as a full release of any monetary and non-monetary defaults. The Landlords contend that while the Debtors must pay all outstanding balances due under the Lease as cure at the time of assumption, the Debtors assume, and must honor, other obligations under the Leases, regardless of when they arise. The Debtors cannot avoid these obligations through releases or waivers in their Plan. Further, through the injunction provisions, the Debtors improperly seek to deprive Landlords of their rights to setoff and recoupment. To the extent any claim objections or preference actions are prosecuted against the Landlords following Plan confirmation, the Landlords should not be deprived of their rights to assert set-offs or exercise recoupment, or limited in their ability to enforce these rights. The Debtors fail to provide any authority for seeking to void Landlords' ability to exercise their setoff and recoupment rights, and Debtors should not be permitted to deprive Landlords of these rights. In addition, the releases, waivers and injunction provisions referenced in the Disclosure Statement and Plan are overbroad and require revision. The language does not adequately address the fact that various claims and rights under the Lease must survive confirmation of the Plan for the continuing obligations that exist under the Leases. The Debtors (or successor) assume the Leases subject to their terms and must assume all obligations owing under the Leases, including obligations that have accrued but may not yet have been billed under each Lease and indemnity obligations under the Leases. Based on the said reasons, the Landlords request that the Court not approve the Disclosure Statement unless and until the Debtors provide adequate information as required by Section 1125, amends the Disclosure Statement and Plan so that the Disclosure Statement describes a Plan that is confirmable under Section 1129, includes the modifications requested herein, and grant such further relief as the Court deems proper. The Troubled Company Reporter reported on June 14, 2017, that the Debtors filed a Chapter 11 plan of reorganization that would reduce its debt by as much as $700 million and would provide the company and its affiliates with the capital necessary to fund their operations. According to the plan, upon exiting their bankruptcy cases, the reorganized companies' capital structure will consist of a senior secured revolving credit facility in the aggregate principal amount of up to $125 million, and a senior secured term loan credit facility in the aggregate principal amount of $50 million to be entered into by the companies on the effective date of the plan. The proceeds of the credit facilities, together with cash on hand and cash from operations, will be used to pay in full administrative claims, priority claims, and claims under a credit agreement entered into by rue21 and Bank of America, N.A., and to make other distributions to holders of claims. A copy of the disclosure statement is available for free at: https://is.gd/bugUqm Counsel to the ARC Landlords: James F. Grenen, Esq. GRENEN & BIRSIC, P.C. PA ID No. 46478 One Gateway Center, 9th Floor Pittsburgh, PA 15222 412-281-7650 -and- Dustin P. Branch admitted pro hac vice BALLARD SPAHR LLP 2029 Century Park East, Suite 800 Los Angeles, CA 90067-3012 Telephone: (424) 204-4354 Facsimile: (424) 204-4350 E-mail: branchd@ballardspahr.com -and- David L. Pollack admitted pro hac vice BALLARD SPAHR LLP 51st Fl - Mellon Bank Center 1735 Market Street Philadelphia, Pennsylvania 19103 Telephone: (215) 864-8325 Facsimile: (215) 864-9473 E-mail: pollack@ballardspahr.com About rue21 rue21 -- http://www.rue21.com/-- is a teen specialty apparel retailer. For over 37 years, rue21 has been famous for offering the latest trends at an affordable price point. It has core brands in girls' apparel (rue21), intimate apparel (true), girls' accessories (etc!), girls' cosmetics (ruebeaute!), guys' apparel and accessories (Carbon), girls' plus-size apparel (rue+), and girls' swimwear (ruebleu). The company is headquartered in Warrendale, Pennsylvania and have one distribution center located in Weirton, West Virginia. Headquartered just north of Pittsburgh, Pennsylvania, rue21 had 1,179 stores in 48 states in shopping malls, outlets and strip centers, and on its website. In April, Company began the process of closing approximately 400 underperforming stores in its 1,179 store fleet in order to streamline operations. On May 15, 2017, rue21, inc., and affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Lead Case No. 17-22045). Todd M. Lenhart, the Company's senior vice president, treasurer, chief financial officer, and chief accounting officer, signed the petitions. The Debtors have sought joint administration of the Chapter 11 cases. The Honorable Gregory L. Taddonio is the case judge. The Debtors tapped Reed Smith LLP as local counsel; Kirkland & Ellis LLP as bankruptcy counsel; Rothschild Inc., as investment banker; Berkeley Research Group, LLC, as financial advisor; A&G Realty Partners, LLC, as real estate advisor and consultant; and Kurtzman Carson Consultants LLC as claims and notice agent. rue21 estimated $1 billion to $10 billion in assets and liabilities. Counsel to the DIP Term Loan Agent, DIP Term Loan Lenders, Prepetition Term Loan Agent and Term Loan Steering Committee are Scott J. Greenberg, Esq., Michael J. Cohen, Esq., and Jeffrey J. Bresch, Esq., at Jones Day. Counsel to the DIP ABL Agent and the Prepetition ABL Agent are Julia Frost-Davies, Esq., and Amelia C. Joiner, Esq., at Morgan Lewis & Bockius LLP; and James D. Newell, Esq., and Timothy Palmer, Esq., at Buchanan Ingersoll & Rooney PC. The Sponsor Lenders are represented by Simpson Thacher & Bartlett's Elisha D. Graff, Esq. An Ad Hoc Cross-Holder Group is represented by Milbank, Tweed, Hadley & McCloy's Gerard Uzzi, Esq., and Eric Stodola, Esq. Andrew R. Vara, Acting U.S. Trustee for Region 3, on May 23, 2017, appointed seven creditors to serve on the official committee of unsecured creditors. The Committee has tapped Cooley LLP as counsel; and Fox Rothschild LLP as local counsel. RUE21 INC: Wareham, et al., Block Approval of Plan and Disclosures ------------------------------------------------------------------ Landlords W/S Wareham Properties, LLC, New Westgate Mall LLC, and NED Little Rock LLC filed with the U.S. Bankruptcy Court for the Western District of Pennsylvania a limited objection to rue 21, inc. and affiliates' disclosure statement explaining their joint plan of reorganization. The Landlords object to the Motion to Approve Disclosure Statement because, among other reasons, the Debtors fail to provide the Landlords with a meaningful ability to evaluate the impact on general unsecured creditors of the proposed transaction set forth in the Debtors' Plan, the Debtors' proposals fail to provide a fair and meaningful choice for general unsecured creditors, and the various procedures associated with lease assumption and rejection are unclear and unacceptable to the Landlords. The Landlords complain that The Disclosure Statement describes a Plan that is patently unconfirmable because it unfairly discriminates against holders of general unsecured claims. Specifically, the Plan provides that holders of general unsecured claims will receive distributions in the event that they collectively vote for the Plan but no distributions if they collectively vote to reject the Plan. There is no rational, good-faith reason for the Debtors and plan proponents to "punish" holders of general unsecured claims in this manner. In addition, the Plan is also neither fair nor equitable, and thus patently unconfirmable, because it unfairly discriminates between similarly situated unsecured creditors. Specifically, the Plan appears to exempt continuing trade creditors from becoming the subject of avoidance actions while leaving other general unsecured creditors subject to suit. The Debtors should not be permitted to use the Plan to back into a sort of "critical vendor" designation for certain preferred creditors without making any showing as to why such designation is appropriate. For these reasons, the Landlords request that the Court enter an order granting relief consistent with the foregoing objections; and granting the Landlords such other and further relief as is just. The Troubled Company Reporter previously reported that the Debtors filed a joint Chapter 11 plan of reorganization that would reduce its debt by as much as $700 million and would provide the company and its affiliates with the capital necessary to fund their operations. Under the plan, general unsecured creditors will recover 2% to 4% of their claims if they vote in favor of the plan or 0% if they vote otherwise. A copy of the disclosure statement is available for free at: https://is.gd/bugUqm Attorney for W/S Wareham Properties, LLC, New Westgate Mall, LLC, and Ned Little Rock, LLC: Ronald B. Roteman, Esquire PA ID No. 66809 125 First Avenue Pittsburgh, PA 15222 Tel: (412) 391-8510 Email: rroteman@stonecipherlaw.com About rue21 rue21 -- http://www.rue21.com/-- is a teen specialty apparel retailer. For over 37 years, rue21 has been famous for offering the latest trends at an affordable price point. It has core brands in girls' apparel (rue21), intimate apparel (true), girls' accessories (etc!), girls' cosmetics (ruebeaute!), guys' apparel and accessories (Carbon), girls' plus-size apparel (rue+), and girls' swimwear (ruebleu). The company is headquartered in Warrendale, Pennsylvania and have one distribution center located in Weirton, West Virginia. Headquartered just north of Pittsburgh, Pennsylvania, rue21 had 1,179 stores in 48 states in shopping malls, outlets and strip centers, and on its website. In April, Company began the process of closing approximately 400 underperforming stores in its 1,179 store fleet in order to streamline operations. On May 15, 2017, rue21, inc., and affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Lead Case No. 17-22045). Todd M. Lenhart, the Company's senior vice president, treasurer, chief financial officer, and chief accounting officer, signed the petitions. The Debtors have sought joint administration of the Chapter 11 cases. The Honorable Gregory L. Taddonio is the case judge. The Debtors tapped Reed Smith LLP as local counsel; Kirkland & Ellis LLP as bankruptcy counsel; Rothschild Inc., as investment banker; Berkeley Research Group, LLC, as financial advisor; A&G Realty Partners, LLC, as real estate advisor and consultant; and Kurtzman Carson Consultants LLC as claims and notice agent. rue21 estimated $1 billion to $10 billion in assets and liabilities. Counsel to the DIP Term Loan Agent, DIP Term Loan Lenders, Prepetition Term Loan Agent and Term Loan Steering Committee are Scott J. Greenberg, Esq., Michael J. Cohen, Esq., and Jeffrey J. Bresch, Esq., at Jones Day. Counsel to the DIP ABL Agent and the Prepetition ABL Agent are Julia Frost-Davies, Esq., and Amelia C. Joiner, Esq., at Morgan Lewis & Bockius LLP; and James D. Newell, Esq., and Timothy Palmer, Esq., at Buchanan Ingersoll & Rooney PC. The Sponsor Lenders are represented by Simpson Thacher & Bartlett's Elisha D. Graff, Esq. An Ad Hoc Cross-Holder Group is represented by Milbank, Tweed, Hadley & McCloy's Gerard Uzzi, Esq., and Eric Stodola, Esq. Andrew R. Vara, Acting U.S. Trustee for Region 3, on May 23, 2017, appointed seven creditors to serve on the official committee of unsecured creditors. The Committee has tapped Cooley LLP as counsel; and Fox Rothschild LLP as local counsel. S&F MEAT: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------- Debtor: S&F Meat Corp. dba Associated Supermarket dba Super Fine Fare Supermarket 1240 E. Erie Avenue Philadelphia, PA 19140 Case No.: 17-14687 Business Description: Supermarket chain Chapter 11 Petition Date: July 10, 2017 Court: United States Bankruptcy Court Eastern District of Pennsylvania (Philadelphia) Judge: Hon. Ashely M. Chan Debtor's Counsel: Robert M. Greenbaum, Esq. SMITH KANE HOLMAN, LLC 112 Moores Road, Suite 300 Malvern, PA 19355 Tel: (610) 407-7216 Email: rgreenbaum@sgllclaw.com - and - David B. Smith, Esq. SMITH KANE HOLMAN, LLC 112 Moores Road, Suite 300 Malvern, PA 19355 Tel: (610) 407-7217 Fax: (610) 407-7218 Email: dsmith@smithkanelaw.com dsmith@skhlaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Yleana Rodriguez, president. A list of the Debtor's 20 largest unsecured creditors is available for free at: http://bankrupt.com/misc/paeb17-14687.pdf S&S HOLDING: Wants to Use Radius Bank's Cash Collateral ------------------------------------------------------- S&S Holding Company LLC seeks permission from the U.S. Bankruptcy Court for the District of Massachusetts to use cash collateral of the secured creditors, including but not limited to Radius Bank, regarding 14 Oakland Place, Brockton, MA. The Debtor needs to pay certain ongoing expenses, including insurance premiums by July 15, 2017. Accordingly, the Debtor also asks the Court to consider its request by July 13. The Debtor says its Property is subject to a mortgage and security agreement and a collateral assignment of leases and rents dated Aug. 4, 2015, given to Radius Bank. As of the bankruptcy filing date, the mortgagee has not exercised any rights with regard to the Assignment of Rents. The Debtor is not aware of any other liens on the Property and believes it is current with the property taxes. The Mortgage and Security Agreement secures rents, accounts, accounts receivables, contract rights and rents and profits. The Debtor receives rent with regard to the Property. This rent constitutes cash collateral. It is necessary for the Debtor to make use of the rents in order to maintain and preserve the value of the Property. According to the Debtor, the rents will be used to make the insurance, property taxes and any other ordinary operating expenses for the Property. The Debtor adds that the rents will be used to pay the quarterly U.S. Trustee's fees. The Debtor says that the use of cash collateral is necessary in order to preserve the value of the Property of the Debtor's bankruptcy estate. Absent the Debtor's ability to use the cash collateral to maintain the Property and service the tenants, to pay usual and ordinary operating expenses of the Property, the value of the Property is certain to diminish. The Debtor is requesting periodic monthly post-petition interest payments to Radius Bank be waived given a buyer is located for the Property and a Purchase and Sales Agreement has been signed. The Debtor is offering a replacement lien. The Debtor's initial premium payment of $2,786 for the property insurance covering the three Brockton properties is due July 15, 2017. The Debtor will need authorization to make said payments using the post-petition rents. The offer will satisfy the Debtor's requirement regarding adequate protection given the large equity cushion, and that the Property will be sold in a short period of time. As adequate protection, the Debtor proposes to: a. continue maintaining insurance on the Property; b. enter a court order authorizing the Debtor to use cash collateral on a continuing basis; c. grant to the mortgage holder a replacement lien on the same type of postpetition property of the estate against which the lienholder held lien as of June 29, 2017, the Chapter 11 petition date. The replacement lien will maintain the same priority, validity and enforceability as the mortgage holder's respective pre-petition lien. The replacement lien will be recognized only to the extent of the diminution in value of the mortgage holder's pre- petition collateral after the petition date resulting from the Debtors' use of cash collateral during the pendency of the case; and d. set aside on a monthly basis and to pay when due the real estate taxes accruing on each property. The Debtor submits that this proposal adequately protects the interest of the lien holder with regard to its collateral. The Bank may be reached at: Radius Bank Attn: Loan Servicing 1 Harbor Street, Ste. 201 Boston, MA 02210 A copy of the Debtor's request is available at: http://bankrupt.com/misc/mab17-41199-16.pdf About S&S Holding Headquartered in Franklin, Massachusetts, S&S Holding Company LLC is a single location business engaged in real property leasing. On March 22, 2017, the Debtor filed its first Chapter 7 case (Bankr. D. Mass. Case No. 17-40504). It again filed a Chapter 7 petition on June 21, 2017 (Bankr. D. Mass. Case No. 17-41145), which case had been dismissed by the Court. The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D. Mass. Case No. 17-41199) on June 29, 2017, estimating its assets and liabilities at between $1 million and $10 million each. The petition was signed by James McNeil, manager. Judge Elizabeth D. Katz presides over the case. Ann Brennan, Esq., at Ann Brennan Law Offices serves as the Debtor's bankruptcy counsel. SEANERGY MARITIME: Cancels $20 Million ATM Equity Offering Program ------------------------------------------------------------------ Seanergy Maritime Holdings Corp. terminated, effective June 28, 2017, its up to $20 million "At-The-Market" equity offering program pursuant to an Equity Distribution Agreement with Maxim Group LLC dated Feb. 3, 2017, under which the Company has sold 2,782,136 common shares raising approximately $2.9 million in gross proceeds. Stamatis Tsantanis, the Company's chairman & chief executive officer, stated: "Since August 2016, we have raised approximately $28.3 million of gross proceeds from public equity offerings, including the ATM Offering. We have utilized these funds in the most constructive way as they enabled the Company to pursue highly accretive transactions. In particular, we have used the proceeds of the offerings to partly fund the acquisitions of the M/V Lordship, the M/V Knightship and the M/V Partnership, as well as to finance the prepayments under the early termination of a credit facility. The combined accretion in value we have created for our shareholders from these transactions is more than $27.9 million, which is derived from the market value appreciation of the acquisitions and the expected gain due to the early termination and refinancing of one of our facilities. "We will continue to actively pursue accretive transactions with the aim of further creating value for our shareholders." About Seanergy Maritime Holdings Corp. Seanergy Maritime Holdings Corp. -- http://www.seanergymaritime.com/-- is an international shipping company that provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. The Company currently owns a modern fleet of eleven dry bulk carriers, consisting of nine Capesizes and two Supramaxes, with a combined cargo-carrying capacity of approximately 1,682,582 dwt and an average fleet age of about 8.1 years. The Company is incorporated in the Marshall Islands with executive offices in Athens, Greece and an office in Hong Kong. The Company's common shares and class A warrants trade on the Nasdaq Capital Market under the symbols "SHIP" and "SHIPW", respectively. Seanergy incurred a net loss of US$24.62 million in 2016 following a net loss of US$8.95 million in 2015. As of Dec. 31, 2016, Seanergy had US$257.53 million in total assets, US$226.70 million in total liabilities, and US$30.83 million in total stockholders' equity. In March 2017, Seanergy entered into agreements with four of its senior lenders for the proactive waiver and deferral of the application date of certain major financial covenants. Based on these agreements the Company expects to be in compliance with all major applicable covenants concerning the Company and the respective borrowers or that such covenants will be waived and postponed until the second quarter of 2018. SEVEN GROUP: Hires Lockwood & Meade as Real Estate Broker --------------------------------------------------------- The Seven Group Holdings, LLC, seeks authority from the U.S. Bankruptcy Court for the District of Connecticut to employ Lockwood & Meade Real Estate LLC, as real estate broker to the Debtor. Seven Group requires Lockwood & Meade to market and sell the Debtor's real property located at 440 Black Rock Turnpike, Redding, Connecticut. Lockwood & Meade will be paid a commission of 10% of the increase of the net sale price of the Property over $450,000. Lockwood & Meade will also be reimbursed for reasonable out-of-pocket expenses incurred. Frank Farricker, member of Lockwood & Meade Real Estate LLC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Lockwood & Meade can be reached at: Frank Farricker LOCKWOOD & MEADE REAL ESTATE LLC 30 Wildwood Drive Greenwich, CT 06830 Tel: (203) 930-2880 About The Seven Group Holdings, LLC The Seven Group Holdings, LLC, is a Florida limited liability company that purchases, rehabilitates, and sells real estate. Seven Group is a holding company with no employees or post-petition operating revenue. It is owned 50% by The 6 Group, LLC, and 50% by Cruz East Venture, LLC. In August 2016, it sold a rehabilitated parcel of real estate it owned in North Babylon, New York. The Debtor filed a Chapter 11 bankruptcy petition (Bankr. D. Conn. Case No. 16-51259) on Sept. 20, 2016, disclosing under $1 million in both assets and liabilities. The Debtor is represented by Jeffrey M. Sklarz, at Green & Sklarz, LLC. No official committee of unsecured creditors has been appointed in the case. STINAR HG: July 26 Hearing on Bid to Use Cash Collateral -------------------------------------------------------- The Hon. Kathleen H. Sandberg of the U.S. Bankruptcy Court for the District of Minnesota has scheduled for July 26, 2017, at 10:00 a.m. the hearing to consider Stinar HG, Inc.'s continued use of cash collateral. Ford Motor Credit Company LLC and the Debtor entered into a stipulation entered into a Master Loan and Security Agreement dated Aug. 5, 2015, and a related Supplement to Agreement dated Feb. 23, 2017, pursuant to which the Debtor acquired certain motor vehicles and related goods on credit from FMCC, and granted FMCC a first priority security interest in the motor vehicles, related goods, and accounts, general intangibles and proceeds therefrom. The maturity date of the Agreement is Sept. 1, 2017. FMCC has a first priority security interest in the FMCC Collateral, which currently includes a 2016 Ford truck bearing vehicle identification number 1FDRF3G61GED30143, all accessories thereto, and all accounts, general intangibles and proceeds therefrom. FMCC and Signature Bank, the holder of a blanket lien on the cash collateral of the Debtor have entered into a subordination agreement dated May 27, 2010, as to the vehicles and proceeds of those vehicles The Debtor and FMCC agree that the Truck is inventory, the sale of which would result in accounts receivable giving rise to cash collateral. The Debtor agrees that The Truck is inventory of the Debtor valued at approximately $25,000 as of the Petition Date. The Debtors consent to keep the Truck and all accessories and accessions thereto insured during the pendency of the case, naming FMCC as an additional insured. As inventory, the Truck may be sold during the pendency of the case. The Debtors consent that the Truck will not be sold for less than the obligations, and all proceeds from the sale of the Truck up to the amount of the then current Obligations due and owing to FMCC, will be remitted to FMCC within three business days of the sale, without need for further order of the Court. Commencing July 1, 2017, and on the first day of each month thereafter during the pendency of the case, prior to satisfaction in full of the Obligations, Debtors shall pay to FMCC $166.70 per month as additional adequate protection. The Debtor agrees that the stipulation will not constitute a post-petition loan, and understand that no further draws are permitted thereunder. Any insurance proceeds payable to the Debtors on account of the FMCC Collateral up to the amount of the obligations, will be paid to FMCC. As reported by the Troubled Company Reporter on May 31, 2017, the Court authorized the Debtor to use cash collateral extent in an amount no greater than $34,347, pending a final hearing. About Stinar HG & Oakrdige Stinar HG, Inc., d/b/a The Stinar Corporation, is a Minnesota-based company that manufactures ground support equipment for the aviation industry. The late Frank Stinar founded Stinar Corp. in 1946. Stinar's products are used to load, service, and maintain all types of aircraft for both government and commercial applications. The company's corporate headquarters and its 40,000 square foot manufacturing facility are in Eagan, Minnesota. On June 29, 1998, Oakridge Holdings, Inc. (OTCMKTS:OKRGQ), a publicly held Minnesota-based company, became the new owner of Stinar. Currently, Stinar is the only asset of Oakridge Holdings. The largest shareholders of Oakridge Holdings is Robert Harvey who holds approximately 21% of the outstanding shares. Oakridge Holdings and operating unit Stinar HG filed bankruptcy Chapter 11 petitions (Bankr. D. Minn. Case Nos. 17-31669 and 17-31670, respectively) on May 22, 2017. Robert C. Harvey, CEO & president, signed the petitions. At the time of filing, debtor Oakridge Holdings disclosed total assets of $990,237 and total liabilities of $2.17 million, while debtor Stinar HG disclosed total assets of $8.22 million and total liabilities of $2.91 million. The cases are assigned to Judge Kathleen H Sanberg. The Debtors are represented by Kenneth Edstrom, Esq., at Sapientia Law Group. SUN PROPERTY: Unsecured Creditors to Get $25K Under Proposed Plan ----------------------------------------------------------------- Sun Property Consultants, Inc., filed with the U.S. Bankruptcy Court for the Eastern District of New York a disclosure statement describing their plan of reorganization, dated June 29, 2017. Class 2 under the Plan consists of all Allowed General Unsecured Claims. The ﬁled Class 2 Claims are in the aggregate of $2,503,04. There are three disputed Claims. Under the Plan, the holders of Allowed Class 2 Claims will receive their proportionate share of $25,000, plus their share, if any, of the Net Proceeds from the Debtor's lawsuit against TD Bank, N.A. and Harendra Singh based on their Allowed Claims. The Debtor believes that the Plan affords holders of claims and interests the potential for the greatest realization of value for their claims and interests that are feasible under the circumstances. A full-text copy of the Disclosure Statement is available at: http://bankrupt.com/misc/nyeb8-16-72267-155.pdf About Sun Property Consultants, Inc. Sun Property Consultants, Ltd., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 16-72267) on May 23, 2016. The petition was signed by Rajesh K. Singh, authorized representative. The Debtor is represented by Marc A. Pergament, Esq., at Weinberg, Gross & Pergament LLP. The case is assigned to Judge Louis A. Scarcella. At the time of the filing, the Debtor estimated its assets at $10 million to $50 million and debt at $1 million to $10 million. No creditors committee has been appointed in the case. TAKATA CORP: Alexander Bowers Joins Tort Claimants Committee ------------------------------------------------------------ ClassAction.com and Morgan & Morgan attorney Andrew Parker Felix on July 7 disclosed that his client, Alexander Bowers, who is part of a group of drivers injured by Takata Corp.'s defective airbags, was named to a committee designed to ensure that the company's bankruptcy filing doesn't leave airbag victims in the dust. Alexander Bowers was appointed by the U.S. Trustee for the District of Delaware to a seven-person Creditors' Committee comprised of Takata airbag victims and their attorneys who have filed personal injury or economic loss lawsuits. Takata recently filed for bankruptcy, which occurred in the midst of almost 20 reported deaths and 100 million cars recalled worldwide -- all related to the company's malfunctioning and lethal airbags. "I never in my life imagined that a safety device like an airbag would injure me like it did, but as a member of the victims Creditors' Committee I can ensure that no one else has to endure what I have. It's only fair that no one forgets about us," ClassAction.com and Morgan & Morgan client Alexander Bowers said. Mr. Felix and others had asked the U.S. Trustee to form the committee because they were concerned that injured plaintiffs would not have the representation to which they're entitled in Takata's bankruptcy proceedings. The approval of this committee is noteworthy, because large-scale recent bankruptcies in the auto industry, such as those involving GM and Chrysler, have not appointed separate creditors' committees for injured plaintiffs. As members of a committee, Alexander Bowers and the other plaintiffs now have the chance to formally be heard as creditors. "I, along with Mr. Bowers and all of the Takata airbag victims thank the U.S. Trustee for the District of Delaware for understanding our position and realizing that all voices matter," Mr. Felix said. Takata's bankruptcy filing occurred after it was forced to pay a billion-dollar fine to settle criminal charges and set up a $125 million personal injury fund. However, plaintiffs and their counsel have argued that the fund isn't large enough to properly compensate current and future victims killed or injured by Takata airbags that shoot metal shrapnel when activated. Even so, Mr. Felix and his team are prepared to fight Takata and the car companies who might have knowingly used faulty airbags. "Our large, national firm with its vast resources and decades of experience will ensure that all Takata airbag victims are sufficiently compensated for their devastating and life-altering injuries," Mr. Felix said. ClassAction.com has comprehensive information on Takata and the related lawsuits due to the Takata airbag defect. About Classaction.Com ClassAction.com is sponsored by Morgan & Morgan, a national plaintiff's law firm fighting for the people, not the powerful, that has recovered more than $4 billion for more than 200,000 clients. The firm has about 370 attorneys in 40 offices in 11 states. With the support of nearly 2,000 employees, the firm's attorneys represent clients in a wide range of practice areas: national mass torts and class actions, personal injury, workers' compensation, medical malpractice, labor and employment, mesothelioma, and product liability lawsuits, among others. About Takata Corp Japan-based Takata Corporation (TYO:7312) -- http://www.takata.com/en/-- develops, manufactures and sells safety products for automobiles. The Company offers seatbelts, airbags, steering wheels, child seats and trim parts. Headquartered in Tokyo, Japan, Takata operates 56 plants in 20 countries with approximately 46,000 global employees worldwide. The Company has subsidiaries located in Japan, the United States, Brazil, Germany, Thailand, Philippines, Romania, Singapore, Korea, China and other countries. Takata Corp. filed for bankruptcy protection in Tokyo and the U.S., amid recall costs and lawsuits over its defective airbags. Takata and its Japanese subsidiaries commenced proceedings under the Civil Rehabilitation Act in Japan in the Tokyo District Court on June 25, 2017. Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S. and Mexican affiliates each filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 17-11375) on June 25, 2017. Together with the bankruptcy filings, Takata announced it has reached a deal to sell all its global assets and operations to Key Safety Systems (KSS) for US$1.588 billion. Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese proceedings. Weil, Gotshal & Manges LLP and Richards, Layton & Finger, P.A., are serving as counsel in the U.S. cases. PricewaterhouseCoopers is serving as financial advisor, and Lazard is serving as investment banker to Takata. Ernst & Young LLP is tax advisor. Prime Clerk is the claims and noticing agent. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel, KPMG is serving as financial advisor, Jefferies LLC is acting as lead financial advisor while UBS Investment Bank also provides financial advice to KSS. On June 28, 2017, TK Holdings, as the foreign representative of the Chapter 11 Debtors, obtained an order of the Ontario Superior Court of Justice (Commercial List), among other things, granting a stay of proceedings against the Chapter 11 Debtors pursuant to Part IV of the Companies' Creditors Arrangement Act. The Canadian Court appointed FTI Consulting Canada Inc. as information officer. TK Holdings, as the foreign representative, is represented by McCarthy Tetrault LLP. The U.S. Trustee has appointed an Official Committee of Unsecured Trade Creditors and a separate Official Committee of Tort Claimant. The Official Committee of Unsecured Creditors has selected Christopher M. Samis, Esq., L. Katherine Good, Esq., and Kevin F. Shaw, Esq., at Whiteford, Taylor & Preston LLC, in Wilmington, Delaware; Dennis F. Dunne, Esq., Abhilash M. Raval, Esq., and Tyson Lomazow, Esq., at Milbank Tweed Hadley & McCloy LLP, in New York; and Andrew M. Leblanc, Esq., at Milbank, Tweed, Hadley & McCloy LLP, in Washington, D.C., as its bankruptcy counsel. TOWERSTREAM CORP: Proposes to Offer Shares of Common Stock ---------------------------------------------------------- Towerstream Corporation filed with the Securities and Exchange Commission a registration statement on Form S-1 relating to the offering of shares of its common stock with a proposed maximum aggregate offering price of $20,000,000. The Company's common stock is presently quoted on the OTCQB tier of the OTC Markets Group, Inc. under the symbol "TWER". The Company will apply to have its common stock listed on The NASDAQ Capital Market under the symbol "TWER" and the closing of this offering is contingent upon the successful listing of our common stock on The NASDAQ Capital Market. No assurance can be given that our application will be approved. On June 26, 2017, the last reported sale price for the Company's common stock on the OTCQB was $0.14 per share. Towerstream intends to use the net proceeds from this offering primarily for working capital and general corporate purposes, as well as to retire certain debt obligations which will mature upon receipt of proceeds under this offering. A full-text copy of the preliminary prospectus is available at: https://is.gd/mZ7WcX About Towerstream Corporation Towerstream Corporation (OTCQB:TWER) -- http://www.towerstream.com/ -- is a fixed-wireless fiber alternative company delivering high-speed Internet access to businesses. The Company offers broadband services in 12 urban markets including New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater Providence area. Towerstream reported a net loss attributable to common stockholders of $22.15 million on $26.89 million of revenues for the year ended Dec. 31, 2016, compared to a net loss attributable to common stockholders of $40.48 million on $27.90 million of revenues for the year ended Dec. 31, 2015. As of March 31, 2017, Towerstream had $31.41 million in total assets, $37.72 million in total liabilities, and a stockholders' deficit of $6.31 million. Marcum LLP, in New York, NY, issued a "going concern" qualification on the consolidated financial statements for the year ended Dec. 31, 2016, citing that the Company has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. TRES AMIGOS MEXICAN: Seeks Approval to Hire Franklin Accounting --------------------------------------------------------------- Tres Amigos Mexican Restaurant, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Tennessee to hire an accountant. The Debtor proposes to hire Julie Franklin and her firm Franklin Accounting to prepare its monthly trustee report and tax returns. The proposed accountant will receive $75 per hour, plus $200 per month for the trustee report, and $950 per year for the preparation of the tax returns. Meanwhile, her assistants will be paid an hourly fee of $40. Ms. Franklin does not hold any interest adverse to the Debtor or its creditors, according to court filings. Ms. Franklin maintains an office at: Julie Franklin Franklin Accounting 4090 Boynton Drive Ringgold, GA 30736 Phone: (706) 858-3488 About Tres Amigos Mexican Restaurant Tres Amigos Mexican Restaurant, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tenn. Case No. 17-11500) on April 5, 2017. The petition was signed by Janet Hamill, owner. At the time of the filing, the Debtor estimated assets of less than $50,000 and liabilities of less than $1 million. The Debtor is represented by the Law Office of W. Thomas Bible, Jr. TROXELL COMPANY: Hires Cook McDonald as Accountant -------------------------------------------------- Troxell Company, Inc., seeks authority from the U.S. Bankruptcy Court for the Northern District of Texas to employ Cook McDonald & Company, as accountant to the Debtor. Troxell Company requires Cook McDonald to: a. prepare and file necessary federal and state tax returns and claims of refund; b. provide general accounting services; c. gather information for the Debtor's schedules and statement of financial affairs; d. assist in preparing monthly operating reports; e. provide tax research services and taxable income estimates as requested; and f. perform all other accounting services for and on behalf of the Debtor that may be necessary or appropriate in connection with the Debtor's Chapter 11 case. Cook McDonald will be paid at the hourly rate of $225. Cook McDonald will also be reimbursed for reasonable out-of-pocket expenses incurred. Edie McDonald, partner of Cook McDonald & Company, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Cook McDonald can be reached at: Edie McDonald COOK MCDONALD & COMPANY 809 Woodrow Wilson Ray Circle Suite 102 Bridgeport, TX 76426-5025 Tel: (940) 683-5583 About Troxell Company, Inc. Troxell Company Inc. -- http://www.troxellcompany.com/-- is an aluminum trailer manufacturer based in Texas. The Company said it operates in a modern new facility with the latest in state-of-the-industry machinery and tooling equipped to handle the most demanding jobs. Troxell Company filed a Chapter 11 petition (Bankr. N.D. Tex. Case No. 17-42453) on June 9, 2017. Robert Troxell, president, signed the petition. At the time of filing, the Debtor estimated assets and liabilities of $1 million to $10 million. The case is assigned to Judge Mark X. Mullin. The Debtor is represented by Matthias Kleinsasser, Esq., at Forshey & Prostok, L.L.P. TROXELL COMPANY: Hires Forshey & Prostock as Attorney ----------------------------------------------------- Troxell Company, Inc., seeks authority from the U.S. Bankruptcy Court for the Northern District of Texas to employ Forshey & Prostock LLP, as attorney to the Debtor. Troxell Company requires Forshey & Prostock to: a. advise the Debtor of its rights, powers and duties as a debtor and debtor-in-possession; b. advise the Debtor concerning, and assist in the negotiation and documentation of, agreements, debt restructuring, and related transactions; c. review the nature and validity of liens asserted against the property of the Debtor and advise the Debtor concerning the enforceability of such liens; d. advise the Debtor concerning the actions that it might take to collect and to recover property for the benefit of the Debtor's estate; e. prepare on behalf of the Debtor all necessary and appropriate applications, motions, pleadings, draft orders, notices, schedules and other documents, and review all financial and other reports to be filed in the Chapter 11 case; f. advise the Debtor concerning, and prepare responses to, applications, motions, pleadings, notices and other papers that may be filed and served in the Chapter 11 case; g. counsel the Debtor in connection with the formulation, negotiation and promulgation of a plan of reorganization and related documents; h. perform all other legal services for and on behalf of the Debtor that may be necessary or appropriate in connection with the Chapter 11 case. Forshey & Prostock will be paid at these hourly rates: Equity Partners $575 Non Equity Partners/Counsel $225-$425 Legal Assistant $150-$195 The Debtor paid Forshey & Prostock a retainer of $5,000 on April 28, 2017, $5,000 on June 6, 2017, and $15,000 on June 9, 2017, for a total of $25,000. Forshey & Prostock will also be reimbursed for reasonable out-of-pocket expenses incurred. Matthias Kleinsasser, member of Forshey & Prostock LLP, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Forshey & Prostock can be reached at: Matthias Kleinsasser, Esq. FORSHEY & PROSTOCK LLP 777 Main St., Suite 1290 Fort Worth, TX 76102 Tel: (817) 877-8855 Fax: (817) 877-4151 E-mail: mkleinsasser@forsheyprostock.com About Troxell Company, Inc. Troxell Company Inc. -- http://www.troxellcompany.com/-- is an aluminum trailer manufacturer based in Texas. The Company said it operates in a modern new facility with the latest in state-of-the-industry machinery and tooling equipped to handle the most demanding jobs. Troxell Company filed a Chapter 11 petition (Bankr. N.D. Tex. Case No. 17-42453) on June 9, 2017. Robert Troxell, president, signed the petition. At the time of filing, the Debtor estimated assets and liabilities of $1 million to $10 million. The case is assigned to Judge Mark X. Mullin. The Debtor is represented by Matthias Kleinsasser, Esq., at Forshey & Prostok, L.L.P. VALUEPART INC: ACF FinCo Tries to Block Disclosures Approval ------------------------------------------------------------ Secured creditor ACF FinCo I LP filed with the U.S. Bankruptcy Court for the Northern District of Texas an objection to ValuePart, Incorporated's disclosure statement in support of the Debtor's Chapter 11 plan of reorganization. ACF Finco complains that: a. the Disclosure Statement does not contain adequate information for voting on the Plan as required by Section 1125 of the U.S. Bankruptcy Code. The Disclosure Statement lacks essential information regarding: the alleged Exit Financing1 and new equity investment upon which the proposed plan relies; the Debtor's proposed treatment of ACF's claim; and support for the Debtor's financial projections. The Disclosure Statement contains other key errors and omissions that prevent court approval; and b. the Disclosure Statement supports an unconfirmable plan. In addition to other unsatisfied confirmation requirements, the Debtor cannot prove that the proposed plan is feasible. Throughout this case, the Debtor has wavered on the brink of liquidation, able to maintain the appearance of positive cash flow. But upon inspection of the Debtor's monthly operating reports, the Debtor's post- confirmation performance -- even with the benefit of speculative Exit Financing and a new equity investment -- will be insufficient to support its distributions to creditors, ongoing operating expenses, and administrative claims. ACF Finco made a prepetition loan to the Debtor as evidenced by, among other things, that certain Loan and Security Agreement dated Aug. 4, 2016, between ACF and the Debtor, which contained the terms and conditions applicable to a Revolving Credit Note for the amount financed. The Debtor's Loan payment and performance obligations are secured senior perfected liens in virtually all of the business assets of the Debtor. A copy of the Objection is available at: http://bankrupt.com/misc/txnb16-34169-545.pdf As reported by the Troubled Company Reporter on June 7, 2017, the Debtor proposes in its plan to exit Chapter 11 protection that general unsecured creditors recover between 30% and 35% of their allowed claims. Under the restructuring plan, creditors holding Class 5 general unsecured claims will receive a $6.35 million "creditor note," payable to a creditor trust, over a 4.5-year period. ACF Finco is represented by: Keith M. Aurzada, Esq. Michael Cooley, Esq. Jay L. Krystinik, Esq. Bradley Purcell, Esq. BRYAN CAVE LLP 2200 Ross Avenue, Suite 3300 Dallas, Texas 75201 Tel: (214) 721-8000 Fax: (214) 721-8100 E-mail: keith.aurzada@bryancave.com michael.cooley@bryancave.com jay.krystinik@bryancave.com bradley.purcell@bryancave.com -- and -- Kyle S. Hirsch, Esq. BRYAN CAVE LLP Two North Central Avenue Suite 2100 Phoenix, AZ 85004 Tel: (602) 364-7000 Fax: (602) 364-7070 E-mail: kyle.hirsch@bryancave.com About ValuePart, Incorporated ValuePart, Incorporated, filed a Chapter 11 petition (Bankr. N.D. Tex. Case No. 16-34169), on Oct. 27, 2016. The petition was signed by Isa Passini, vice president. The case is assigned to Judge Harlin DeWayne Hale. The Debtor estimated assets and liabilities at $10 million to $50 million. ValuePart is a Chicago-based distributor of aftermarket replacement parts for off-highway earthmoving equipment manufacturers like Caterpillar, Case, Komatsu, Deere, International, Bobcat and Hitachi, along with many others. At the time of the bankruptcy filing, the Debtor operated from eight locations in Illinois, Texas, Nevada, Washington, Ohio, Georgia, Vancouver and Toronto, and employed approximately 70 employees. Although headquartered in Vernon Hills, Illinois, the Debtor's largest distribution center is located in Dallas, Texas. The Debtor is represented by Marcus Alan Helt, Esq., Mark C. Moore, Esq., and Thomas C. Scannell, Esq., at Gardere Wynne Sewell LLP. The Debtor hired CR3 Partners, LLC, as restructuring advisor; Upshot Services LLC as claims and noticing agent; Hogg Shain & Scheck, PC, as Canadian accounting advisor; Nixon Peabody LLP as special counsel; FocalPoint Securities LLC as investment banker; Tax Advisors Group, Inc., as property tax consultant; Plante & Moran, PLLC, as tax advisor; and Hogg Shain & Scheck, PC, as Canadian accounting advisor. On Nov. 30, 2016, the Office of the U.S. Trustee appointed an official committee of unsecured creditors. The committee hired Kane Russell Coleman & Logan PC as its legal counsel, and Lain Faulkner & Co., P.C., as its financial advisor. VALUEPART INC: Jiangxi & Valuepart Changtai Object to Disclosures ----------------------------------------------------------------- Jiangxi Jinlilong Imp. & Exp. Co. Ltd. and Valuepart Changtai Machinery Production filed with the U.S. Bankruptcy Court for the Northern District of Texas an objection to ValuePart, Incorporated's disclosure statement dated June 23, 2017, referring to the Debtor's amended plan of reorganization dated June 23, 2017. Pursuant to the Plan, the Debtor will transfer funds to a trust account maintained by the Debtor's counsel in an amount sufficient to pay the fee claims reasonably estimated by the Debtor. Jiangxi Jinlilong and Valuepart Changtai say that no similar trust fund or escrow provision is provided for the administrative claims that remain in pending litigation until each or all become allowed administrative claims. Therefore, Jiangxi Jinlilong and Valuepart Changtai object to the Disclosure Statement to the extent that the Disclosure Statement provides insufficient information regarding the treatment of Administrative Claims while they remain pending, like the Jiangxi Claim and Changtai Claims, and a holdback provision for the funds to pay the Administrative Claims. On Jan. 10, 2017, Jiangxi Jinlilong filed its Motion for allowance and payment of administrative expense claim pursuant to 11 U.S.C. Section 503(b)(9) seeking a priority administrative expense claim in the amount of $189,485.57 pursuant to Section 503(b)(9) of the U.S. Bankruptcy Code for the value of goods delivered to the Debtor within 20 days of the Petition Date. On Jan. 12, 2017, Valuepart Changtai filed its motion for allowance and payment of administrative expense claim pursuant to 11 U.S.C. Section 503(b) seeking (i) an administrative expense claim in the amount of $189,330.60 pursuant to Section 503(b)(9) of the Bankruptcy Code for the value of goods delivered to the Debtor within twenty (20) days of the Petition Date, and (ii) an administrative expense claim in the amount of $268,985.70 pursuant to Section 503(b)(1) of the Bankruptcy Code for the actual and necessary costs and expenses that preserved the value of the estate. On Feb. 6, 2017, the Debtor filed its omnibus response to requests for administrative expense asserting that (i) any allowed amount should not be paid until the Effective Date of a Chapter 11 plan, (ii) one or more goods were not received by the Debtor within 20 days prior to the Petition Date, or (iii), related to the Changtai Claims, the Debtor does not have any liability for the claim amounts asserted. On May 26, 2017, the Debtor filed its Chapter 11 Plan of Reorganization of ValuPart, Incorporated, and accompanying Disclosure Statement. The Debtor and Jiangxi Jinlilong and Valuepart Changtai are negotiating a resolution of the dispute regarding the Jiangxi Claim and the Changtai Claims, but in the event that the parties cannot reach a settlement, the Court scheduled a hearing on Jiangxi Admin Expense Motion, Changtai Admin Expense Motion, ACF Objection, and Omnibus Response for Sept. 18, 2017. A copy of the Objection is available at: http://bankrupt.com/misc/txnb16-34169-542.pdf Jiangxi Jinlilong and Valuepart Changtai are represented by: Alan B. Padfield, Esq. Christopher V. Arisco, Esq. PADFIELD & STOUT, L.L.P. 421 W. Third Street, Suite 910 Fort Worth, Texas 76102 Tel: (817) 338-1616 Fax: (817) 338-1610 E-mail: abp@livepad.com carisco@livepad.com About ValuePart, Incorporated ValuePart, Incorporated, filed a Chapter 11 petition (Bankr. N.D. Tex. Case No. 16-34169), on Oct. 27, 2016. The petition was signed by Isa Passini, vice president. The case is assigned to Judge Harlin DeWayne Hale. The Debtor estimated assets and liabilities at $10 million to $50 million. ValuePart is a Chicago-based distributor of aftermarket replacement parts for off-highway earthmoving equipment manufacturers like Caterpillar, Case, Komatsu, Deere, International, Bobcat and Hitachi, along with many others. At the time of the bankruptcy filing, the Debtor operated from eight locations in Illinois, Texas, Nevada, Washington, Ohio, Georgia, Vancouver and Toronto, and employed approximately 70 employees. Although headquartered in Vernon Hills, Illinois, the Debtor's largest distribution center is located in Dallas, Texas. The Debtor is represented by Marcus Alan Helt, Esq., Mark C. Moore, Esq., and Thomas C. Scannell, Esq., at Gardere Wynne Sewell LLP. The Debtor hired CR3 Partners, LLC, as restructuring advisor; Upshot Services LLC as claims and noticing agent; Hogg Shain & Scheck, PC, as Canadian accounting advisor; Nixon Peabody LLP as special counsel; FocalPoint Securities LLC as investment banker; Tax Advisors Group, Inc., as property tax consultant; Plante & Moran, PLLC, as tax advisor; and Hogg Shain & Scheck, PC, as Canadian accounting advisor. On Nov. 30, 2016, the Office of the U.S. Trustee appointed an official committee of unsecured creditors. The committee hired Kane Russell Coleman & Logan PC as its legal counsel, and Lain Faulkner & Co., P.C., as its financial advisor. VANGUARD HEALTH: Court Extends Plan Filing Until August 8 --------------------------------------------------------- Judge Jacqueline Cox of the U.S. Bankruptcy Court for the Northern District of Illinois extended Vanguard Health & Wellness, LLC's exclusivity period for filing a plan to 180 days through and including August 8, 2017. A status hearing on the plan and disclosure statement is scheduled for August 22, 2017, at 10:00 a.m. About Vanguard Health Vanguard Health & Wellness LLC based in Des Plaines, IL, filed a Chapter 11 petition (Bankr. N.D. Ill. Case No. 17-04707) on February 17, 2017. The Hon. Jacqueline P. Cox presides over the case. Xiaoming Wu, Esq., at Ledford Wu & Borges, LLC, to serve as bankruptcy counsel. In its petition, the Debtor estimated $568,946 in assets and $1.70 million in liabilities. The petition was signed by Michael Zayats, president. VINCHEM USA: Seeks to Hire A+ Accounting and Tax ------------------------------------------------ Vinchem USA Corporation seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire an accountant. The Debtor proposes to hire A+ Accounting and Tax to conduct tax research, prepare corporation's tax returns and sales tax returns from 2012 to 2017, and provide other accounting services related to its Chapter 11 case. Akshay Dave, the accountant employed with A+ who will be providing the services to the Debtor, will charge an hourly fee of $175. Meanwhile, the hourly rates for the services provided by the accounting staff range from $50 to $100. A+ neither represents nor holds any interest adverse to the Debtor and its estate, according to court filings. The firm can be reached through: Akshay Dave A+ Accounting and Tax 4002 McLane Drive Tampa, FL 33610 Tel: (813) 381-3809 Email: tax4002@gmail.com About Vinchem USA Corporation Vinchem USA Corporation filed a Chapter 11 petition (Bankr. M.D. Fla. Case No. 17-01802) on March 7, 2017. The petition was signed by Larry Nguyen, vice president. At the time of filing, the Debtor had $1.60 million in total assets and $1.68 million in total liabilities. Buddy D. Ford, Esq. and Jonathan A. Semach, Esq., at Buddy D. Ford, P.A., serve as bankruptcy counsel. No trustee, examiner, or statutory committee has been appointed. WHAA LLC: Taps Lee & Associates as Real Estate Broker ----------------------------------------------------- Whaa LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire a real estate broker. The Debtor proposes to hire Lee & Associates in connection with the sale of its interest in real properties located at 5494 and 5512 Arrow Highway, Montclair, California. Lee & Associates will be paid on a contingency basis. The firm will get a commission of 6% of the sales price if it is able to procure a buyer and if the properties are sold. The listing price for the property located at 5494 Arrow Highway is $1.129 million while the listing price for the other property is $956,080. Brian Melkesian, senior vice-president of Lee & Associates, disclosed in a court filing that his firm is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Brian D. Melkesian Lee & Associates 3535 Inland Empire Boulevard Ontario, CA 91764 About Whaa LLC Whaa LLC is the fee simple owner of a commercial building located at 5494 E. Arrow Highway, Montclair, California, valued at $975,000. It also has a fee simple interest in an industrial commercial property located at 5512 Arrow Highway, Montclair, with a current value of $975,000. Whaa LLC is an affiliate of Biodata Medical Laboratories, Inc. that sought bankruptcy protection (Bankr. C.D. Calif. Case No. 16-20446) on Nov. 28, 2016. Whaa LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 17-14661) on June 2, 2017. Henry Wallach, managing member, signed the petition. At the time of the filing, the Debtor disclosed $2.01 million in assets and $1.36 million in liabilities. Judge Mark S. Wallace presides over the case. The Law Offices of Margarit Kazaryan represents the Debtor as bankruptcy counsel. WOMEN'S HEALTH: May Use Cash Collateral Until Aug. 9 ---------------------------------------------------- The Hon. James P. Smith of the Middle District of Georgia has entered a second interim consent order authorizing The Women's Health Institute of Macon, PC, to use cash collateral to pay for expenses incurred until 11:59 p.m. of Aug. 9, 2017, in accordance with a budget. A final hearing to consider the Debtor's continued use of cash collateral will be held on Aug. 9, 2017, at 11:00 a.m. Branch Banking and Trust Company is granted valid, binding, enforceable, and automatically perfected liens on and security interests in the Debtor's personal property, acquired or arising to, on or after the Petition Date. The Debtor is directed to make interest payments to BB&T in the amounts as calculated, as and when payments are due, under the Loan Documents. With respect to the interest payment that was due June 1, 2017, the Debtor will make the payment to BB&T promptly upon entry of the Consent Order. The Debtor is also directed to provide a copy of its monthly operating report, and any other reports BB&T may reasonably request. A copy of the court order is available at: http://bankrupt.com/misc/gamb17-51196-31.pdf As reported by the Troubled Company Reporter on June 27, 2017, the Court signed a consent order authorizing the Debtor to use cash collateral for the expenses incurred until July 5, 2017, in accordance with the budget. The Debtor is indebted to BB&T in an outstanding principal amount of not less than $500,000, as of the Petition Date. About Women's Health Haremu Holdings, LLC, The Women's Health Institute of Macon, PC, and ELO Outpatient Surgery Center, LLC, filed separate Chapter 11 bankruptcy petitions (Bankr. M.D. Ga. Case Nos. 17-51195, 17-51196 and 17-51197) on June 5, 2017. The cases are assigned to Judge James P. Smith. The cases are not jointly administered. Women's Health Institute of Macon PC is a group practice with one location specializing in family medicine and Obstetrics and Gynecology. ELO Outpatient Surgery Center provides ambulatory surgical services. Emeka Umerah is the managing member for each entity. The Debtors are represented by Wesley J. Boyer, Esq., at Boyer Law Firm, L.L.C., in Macon, Georgia. At the time of filing, Haremu disclosed $1 million to $10 million in assets and liabilities; Women's Health disclosed $1 million to $10 million in assets and $500,000 to $1 million in liabilities; and ELO Outpatient disclosed $100,000 to $500,000 in assets and liabilities. The petitions were signed by Emeka Umerah, managing member. WORDSWORTH ACADEMY: Hires Dilworth Paxson as Counsel ---------------------------------------------------- Wordsworth Academy, et al., seek authority from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to employ Dilworth Paxson LLP, as counsel to the Debtors. Wordsworth Academy requires Dilworth Paxson to: a. provide the Debtors with legal services with respect to their powers and duties as debtors-in-possession; b. prepare on behalf of the Debtors or assist the Debtors in preparing all necessary pleadings, motions, applications, complaints, answers, responses, orders, U.S. Trustee reports, and other legal papers; c. represent the Debtors in any matter involving contests with secured or unsecured creditors, including the claims reconciliation process; d. assist the Debtors in providing legal services required to prepare, negotiate and implement a plan of reorganization; and e. perform all other legal services for the Debtors, which may be necessary herein, other than those requiring specialized expertise for which special counsel, if necessary, may be employed. Dilworth Paxson will be paid at these hourly rates: Lawrence G. McMichael $895 Peter C. Hughes $575 Anne M. Aaronson $520 Erik L. Coccia $330 Paralegal $175-$180 Dilworth Paxson received from the Debtors $64,541.36 in the period from March 28, 2017 to May 1, 2017. Dilworth Paxson returned the $64,541.36 by wire on June 5, 2017, to avoid any disinterestedness. Dilworth Paxson will also be reimbursed for reasonable out-of-pocket expenses incurred. Lawrence G. McMichael, partner of Dilworth Paxson LLP, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their estates. Dilworth Paxson can be reached at: Lawrence G. McMichael, Esq. DILWORTH PAXSON LLP 1500 Market Street, Suite 3500E Philadelphia, PA 19102 Tel: (215) 575-7000 Fax: (215) 575-7200 About Dilworth Paxson LLP Philadelphia, Pennsylvania-based Wordsworth Academy is a non-profit that provides education, behavioral health and child welfare services to children and youth who have emotional, behavioral and academic challenges. Wordsworth provides services through two Community Umbrella Agencies. CUA 5 provides services to children and families in the 35th and 39th Police Districts in Philadelphia, encompassing much of North Central Philadelphia. CUA 10 provides services to children and families in the 16th and 19th Police Districts in Philadelphia, encompassing much of West Philadelphia. Wordsworth Academy, along with Wordsworth CUA 5, LLC, and Wordsworth CUA 10, LLC, sought Chapter 11 protection (Bankr. E.D. Pa. Lead Case No. 17-14463) on June 30, 2017. Donald Stewart, the CFO, signed the petitions. Wordsworth Academy estimated assets and debt of $10 million to $50 million. The Hon. Ashely M. Chan is the case judge. Dilworth Paxson LLP is serving as counsel to the Debtors, with the engagement led by Lawrence G. McMichael, Esq., Peter C. Hughes, Esq., and Anne M. Aaronson, Esq. Getzler Henrich & Associates LLC serves as financial advisor, and Donlin, Recano & Company, Inc., serves as claims and noticing agent. WORDSWORTH ACADEMY: Hires Donlin as Claims and Noticing Agent ------------------------------------------------------------- Wordsworth Academy, et al., seek authority from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to employ Donlin Recano & Company, Inc., as claims and noticing agent to the Debtors. Wordsworth Academy requires Donlin to: a. prepare and serve required notices and documents in the bankruptcy case in accordance with the Bankruptcy Code and the Bankruptcy Rules in the form and manner directed by the Debtor and the Court, including (i) notice of the commencement of the case and the Chapter 11 case and the initial meeting of creditors under the Bankruptcy Code, (ii) notice of any claims bar date, (iii) notices of transfer of claims, (iv) notices of objections to claims and objections to transfers of claims, (v) notices of any hearings on a disclosure statement and confirmation of the Debtor's plan or plans of reorganization, including under Bankruptcy Rule 3017(d), (vi) notice of the effective date of any plan and (vii) all other notices, orders, pleadings, publications and other documents as the Debtor or Court may deem necessary or appropriate for an orderly administration of the Chapter 11 case; b. maintain an official copy of the Debtor's schedules of assets and liabilities and statement of financial affairs, listing the Debtor's known creditors and the amounts owed thereto; c. maintain (i) a list of all potential creditors, equity holders and other parties-in-interest and (ii) a core mailing list consisting of all parties described in sections 2002(i), (j) and (k) and those parties that have filed a notice of appearance pursuant to Bankruptcy Rule 9010; updated said lists and make said lists available upon request by a party-in-interest or the Clerk; d. furnish a notice to all potential creditors of the last date for the filing of proofs of claim and a form for the filing of a proof of claim, after such notice and form are approved by the bankruptcy Court, and notify said potential creditors of the existence, amount and classification of their respective claims as set forth in the Schedules, which may be effected by inclusion of such information on a customized proof of claim form provided to potential creditors; e. maintain a post office box or address for the purpose of receiving claims and returned mail, and process all mail received; f. for all notices, motions, orders or other pleadings or documents served, prepare and file or caused to be filed with the Clerk an affidavit or certificate of service within seven business days of service which includes (i) either a copy of the notice served or the docket number and title of the pleading served, (ii) a list of persons to whom it was mailed, in alphabetical order, with their addresses, (iii) the manner of service ,and (iv) the date served; g. process all proofs of claim received, including those received by the Clerk's Office, and check said processing for accuracy, and maintain the original proofs of claim in a secure area; h. maintain the official claims register for the Debtor on behalf of the Clerk; upon the Clerk's request, provide the Clerk with certified, duplicate unofficial Claims Register; and specify in the Claims Registers the following information for each claim docketed (i) the claim number assigned, (ii) the date received, (iii) the name and address of the claimant and agent, if applicable, who filed the claim, (iv) the amount asserted, (v) the asserted classifications of the claim, (vi) the applicable Debtor, and (vii) any disposition of the claim; i. implement necessary security measures to ensure the completeness and integrity of the Claims Registers and the safekeeping of the original claims; j. record all transfers of claims and provide any notices of such transfers as required by Bankruptcy Rule 3001(e); k. arrange for the delivery, by messenger or overnight delivery, of all of the court-filed proofs of claim to the offices of Donlin, not less than weekly; l. upon completion of the docketing process for all claims received to date for each case, turn over to the Clerk copies of the claims register for the Clerk's review; m. monitor the Court's docket for all notices of appearance, address changes, and claims-related pleadings and orders filed and make necessary notations on and changes to the claims register; n. assist in the dissemination of information to the public and respond to requests for administrative information regarding the case as directed by the Debtor or the Court, including through the use of a case website and call center; o. if these chapter 11 cases are converted to cases under chapter 7 of the Bankruptcy Code, contact the Clerk's office within three days of notice to Donlin of entry of the order converting the cases; p. thirty days prior to the close of the bankruptcy case, request the Debtor submits to the Court a proposed Order dismissing Donlin as Claims and Noticing Agent and terminating the services in such capacity upon completion of its duties and responsibilities and upon the closing of the Chapter 11 case; q. within seven days of notice to Donlin of entry of an order closing the Chapter 11 case, provide to the bankruptcy Court the final version of the claims register as of the date immediately before the close of the case; and r. at the close of these cases, box and transport all original documents, in proper format, as provided by the Clerk's Office, to (i) the Federal Archives Record Administration, located at 14700 Townsend Road, Philadelphia, PA 19154-1096 or (ii) any other location requested by the Clerk. Donlin will be paid at these hourly rates: Senior Bankruptcy Consultant $165 Case Manager $140 Technology/Programming Consultant $110 Consultant/Analyst $90 Clerical $45 Donlin will be paid a retainer in the amount of $10,000. Donlin will also be reimbursed for reasonable out-of-pocket expenses incurred. Roland Tomforde, chief operating officer of Donlin Recano & Company, Inc., assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their estates. Donlin can be reached at: Roland Tomforde DONLIN RECANO & COMPANY, INC. 6201 15th Avenue Brooklyn, NY 11219 Toll Free Tel: (800) 591-8236 About Wordsworth Academy Philadelphia, Pennsylvania-based Wordsworth Academy is a non-profit that provides education, behavioral health and child welfare services to children and youth who have emotional, behavioral and academic challenges. Wordsworth provides services through two Community Umbrella Agencies. CUA 5 provides services to children and families in the 35th and 39th Police Districts in Philadelphia, encompassing much of North Central Philadelphia. CUA 10 provides services to children and families in the 16th and 19th Police Districts in Philadelphia, encompassing much of West Philadelphia. Wordsworth Academy, along with Wordsworth CUA 5, LLC, and Wordsworth CUA 10, LLC, sought Chapter 11 protection (Bankr. E.D. Pa. Lead Case No. 17-14463) on June 30, 2017. Donald Stewart, the CFO, signed the petitions. Wordsworth Academy estimated assets and debt of $10 million to $50 million. The Hon. Ashely M. Chan is the case judge. Dilworth Paxson LLP is serving as counsel to the Debtors, with the engagement led by Lawrence G. McMichael, Esq., Peter C. Hughes, Esq., and Anne M. Aaronson, Esq. Getzler Henrich & Associates LLC serves as financial advisor, and Donlin, Recano & Company, Inc., serves as claims and noticing agent. WORDSWORTH ACADEMY: Taps Getzler Henrich as Financial Advisor ------------------------------------------------------------- Wordsworth Academy, et al., seek authority from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to employ Getzler Henrich & Associates LLC, as financial advisors to the Debtors. Wordsworth Academy requires Getzler Henrich to: (a) work collaboratively with the Debtors' Board, legal counsel, and other Debtor-professionals and employees; (b) guide the Debtors, in conjunction with counsel, through the Chapter 11 process; (c) review the weekly roll forward 13-week cash flow; (d) review the actual versus budget; (e) assist management with critical vendors; (f) assume primary responsibility for communicating and negotiating with existing lenders and the DIP Lender; (g) in conjunction with the Chief Executive Officer and Chief Financial Officer, interface with employees, customers, vendors, lenders, and other constituents, including any official committee of unsecured creditors that may be formed and its counsel and financial advisor, if any; (h) provide oversight with regard to daily cash management activities, including maximizing the forecasting collections and availability, and assisting the Debtors with prioritizing disbursements within the Debtors' availability constraints and subject to its DIP Facility; (i) serve as the primary liaison, and otherwise coordinate efforts with the Debtors' proposed investment banker that will be engaged to market assets of the Debtors for sale to one or more buyers pursuant to section 363 of the Bankruptcy Code; (j) provide expert testimony as requested or required; and (k) perform other tasks as mutually agreed. Getzler Henrich will be paid at these hourly rates: William H. Henrich $565 Margie Kaufman $485 Getzler Henrich will also be reimbursed for reasonable out-of-pocket expenses incurred. William H. Henrich, partner of Getzler Henrich & Associates LLC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their estates. Getzler Henrich can be reached at: William H. Henrich GETZLER HENRICH & ASSOCIATES LLC 295 Madison Avenue, 20th Floor New York, NY 10017 Tel: (212) 697-2400 Fax: (212) 697-4812 About Wordsworth Academy Philadelphia, Pennsylvania-based Wordsworth Academy is a non-profit that provides education, behavioral health and child welfare services to children and youth who have emotional, behavioral and academic challenges. Wordsworth provides services through two Community Umbrella Agencies. CUA 5 provides services to children and families in the 35th and 39th Police Districts in Philadelphia, encompassing much of North Central Philadelphia. CUA 10 provides services to children and families in the 16th and 19th Police Districts in Philadelphia, encompassing much of West Philadelphia. Wordsworth Academy, along with Wordsworth CUA 5, LLC, and Wordsworth CUA 10, LLC, sought Chapter 11 protection (Bankr. E.D. Pa. Lead Case No. 17-14463) on June 30, 2017. Donald Stewart, the CFO, signed the petitions. Wordsworth Academy estimated assets and debt of $10 million to $50 million. The Hon. Ashely M. Chan is the case judge. Dilworth Paxson LLP is serving as counsel to the Debtors, with the engagement led by Lawrence G. McMichael, Esq., Peter C. Hughes, Esq., and Anne M. Aaronson, Esq. Getzler Henrich & Associates LLC serves as financial advisor, and Donlin, Recano & Company, Inc., serves as claims and noticing agent. YIELD10 BIOSCIENCE: Prices $2.3 Million Registered Direct Offering ------------------------------------------------------------------ Yield10 Bioscience, Inc. has entered into a securities purchase agreement with certain new institutional investors and with participation by existing investor Jack W. Schuler and providing for the purchase and sale of 570,784 shares of common stock at a price of $4.00 per share in a registered direct offering, resulting in total gross proceeds of approximately $2.3 million. The Company also agreed to issue unregistered warrants to the investors in a concurrent private placement to purchase up to an equivalent number of shares of common stock with an exercise price of $5.04 per share. The warrants will be exercisable six months following the closing date and will expire six years from the date they become exercisable. The closing of the sale of the securities is expected to take place on or about July 7, 2017, subject to the satisfaction of customary closing conditions. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., is acting as exclusive placement agent for the registered direct offering and the concurrent private placement. The shares of common stock were offered pursuant to a shelf registration statement on Form S-3 (File No. 333-217051), which was declared effective by the United States Securities and Exchange Commission on April 12, 2017. The warrants and shares issuable upon exercise of the warrants were offered in a concurrent private placement and have not been registered under the Securities Act of 1933, as amended. Yield10 has agreed to file a registration statement on Form S-1 with the SEC covering the resale of the shares of common stock issuable upon exercise of the warrants. About Yield10 Bioscience Yield10 Bioscience, Inc. (formerly known as Metabolix, Inc.) -- www.yield10bio.com -- is focused on developing new technologies to achieve step-change improvements in crop yield to enhance global food security. Yield10 has an extensive track record of innovation based around optimizing the flow of carbon in living systems. Yield10 is leveraging its technology platforms and unique knowledge base to design precise alterations to gene activity and the flow of carbon in plants to produce higher yields with lower inputs of land, water or fertilizer. Yield10 is advancing several yield traits it has developed in crops such as Camelina, canola, soybean and corn. Yield10 is headquartered in Woburn, MA and has an Oilseeds center of excellence in Saskatoon, Canada. Yield10 reported a net loss of $7.60 million on $1.15 million of total revenue for the year ended Dec. 31, 2016, compared to a net loss of $23.68 million on $1.35 million of total revenue for the year ended Dec. 31, 2015. As of March 31, 2017, Yield10 had $8.49 million in total assets, $3.93 million in total liabilities and $4.56 million in total stockholders' equity. RSM US LLP, in Boston, Massachusetts, issued a "going concern" opinion on the consolidated financial statements for the year ended Dec. 31, 2016, noting that the Company has suffered recurring losses from operations and has insufficient capital resources, which raises substantial doubt about its ability to continue as a going concern. ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers public debt and equity securities about which we report. Each Tuesday edition of the TCR contains a list of companies with insolvent balance sheets whose shares trade higher than $3 per share in public markets. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. Assets, for example, reported at historical cost net of depreciation may understate the true value of a firm's assets. A company may establish reserves on its balance sheet for liabilities that may never materialize. The prices at which equity securities trade in public market are determined by more than a balance sheet solvency test. 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Point your Web browser to http://TCRresources.bankrupt.com/and use the e-mail address to which your TCR is delivered to login. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA. Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog, Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa, Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2017. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. 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