TCR_Public/180203.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, February 3, 2018, Vol. 22, No. 33


BARTLETT MANAGEMENT: Committee Retains Goldstein & McClintock
TERRAVIA HOLDINGS: Net Loss Widens to $5.10 Million in November


BARTLETT MANAGEMENT: Committee Retains Goldstein & McClintock
The Official Committee of Unsecured Creditors of Bartlett
Management Services, Inc. and its debtor-affiliates seeks authority
from the U.S. Bankruptcy Court for the Central District of Illinois
to retain Goldstein & McClintock LLLP as counsel to the Committee,
nunc pro tunc to Jan. 18, 2018.

Services G&M will provide are:

     (a) advise the Committee on all legal issues as they arise;

     (b) represent and advise the Committee regarding the terms of
any sales of assets or plans of reorganization or liquidation, and
assisting the Committee in negotiations with the Debtors and other

     (c) investigate the Debtors' assets and pre-bankruptcy

     (d) prepare, on behalf of the Committee, all necessary
pleadings, reports, and other papers;

     (e) represent and advise the Committee in all proceedings in
this case;

     (f) assist and advise the Committee in its administration; and

     (g)  provide such other services as are customarily provided
by counsel to a creditors' committee in cases of this kind.

G&M's hourly rates for 2018 are:

     Attorneys' associates                $275
     Senior partners                      $765
     Legal assistants                 $135 to $255
     Matthew E. McClintock  Partner       $475
     Thomas R. Fawkes       Partner       $475
     Sean P. Williams       Associate     $330

G&M has agreed not to charge for any non-working travel time in
this chapter 11 case and  to keep its "blended rate" below $375 per
hour absent approval by the Committee.

Matthew E. McClintock, partner at the firm, claims that the firm is
a "disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The counsel can be reached through:

     Matthew E. McClintock, Esq.
     Sean P. Williams, Esq.
     111 West Washington Street, Suite 1221
     Chicago, IL 60602
     Tel: (312) 337-7700
     Fax: (312) 277-2305

                About Bartlett Management Services

Bartlett Management Services, Inc., Bartlett Management
Indianapolis, Inc., and Bartlett Management Peoria, Inc., own 33
current franchises of KFC Corporation, the franchisor of the
Kentucky Fried Chicken quick-services restaurant chain that
provides a diverse menu of chicken and related side dishes and

Bartlett Management Services and its affiliates sought Chapter 11
protection (Bankr. C.D. Ill. Lead Case No. 17-71890) on Dec. 5,
2017.  The Debtors have sought joint administration of the cases
under Case No. 17-71890.  Robert E. Clawson, president, signed the

Bartlett estimated $1 million to $10 million in assets and $10
million to $50 million in liabilities.

The Hon. Mary P. Gorman presides over the cases.

Jonathan A Backman, Esq., at the Law Office of Jonathan A. Backman,
serves as bankruptcy counsel to the Debtors.  The Debtors also
hired Valenti Florida Management, Inc., as accountant and financial
advisor, Steven A. Nerger of Silverman Consulting, Inc., as chief
restructuring officer.

On Jan. 8, 2018, the Office of the United States Trustee appointed
an Unsecured Creditors' Committee in each of the three cases.  On
Jan. 19, 2018, counsel filed appearances on behalf of all three

TERRAVIA HOLDINGS: Net Loss Widens to $5.10 Million in November
TerraVia Holdings, Inc., et al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for November

TerraVia suffered a net loss of $5.10 million on $3,948 of total
revenue for November, an increase from $3.43 million net loss
reported for the previous month.

As of November 30, 2017, TerraVia had $50.50 million in total
assets, $184.96 million in total liabilities, and $134.45 million
in total stockholders' deficit.

The Debtors stated the month with $25.30 million cash.  They
reported total cash receipts of $318,195 and total cash
disbursements of $1.83 million.  Disbursements include $1.02
million in professional fees.  At month end, the Debtors had $23.79
million cash.

A copy of the monthly operating report is available at:


                        About TerraVia

Headquartered in South San Francisco, California, TerraVia
Holdings, Inc. (NASDAQ:TVIA) -- is a
plant-based food, nutrition and specialty ingredients company that
harnesses the power of algae, the mother of all plants and earth's
original superfood.  TerraVia also manufactures a range of
specialty personal care ingredients for key strategic partners.

On Aug. 2, 2017, TerraVia Holdings, Inc., and its wholly-owned U.S.
subsidiaries filed voluntary petitions under chapter 11 of title 11
of the United States Code (Bankr. D. Del. Lead Case No. 17-11655).

The subsidiary debtors in the Chapter 11 cases are Solazyme Brazil
LLC and Solazyme Manufacturing 1, LLC.

The Debtors sought bankruptcy protection after reaching a deal to
sell the assets to Corbion N.V. for $20 million in cash plus the
assumption of liabilities.

The Debtors hired Davis Polk & Wardwell LLP as their lead counsel
and Richards, Layton & Finger, P.A., as co-counsel.  Kurtzman
Carson Consultants LLC is the Debtors' claims agent.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case.  


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Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
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Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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