/raid1/www/Hosts/bankrupt/TCR_Public/180816.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, August 16, 2018, Vol. 22, No. 227

                            Headlines

A'GACI LLC: SSG Capital Acted as Investment Banker in Chapter 11
AA PRODUCTIONS: Seeks to Hire TMCE LLP as Accountant
ACTIVECARE INC: Committee Taps Klehr Harrison as Co-Counsel
ALGODON WINES: Reports $2.66 Million Second Quarter Net Loss
ALSOL CORP: Court Grants Mercadien's Interim Fee Applications

AMERICAN CRYOSTEM: Will File its Form 10-Q Within 'Grace' Period
AMYRIS INC: Posts $1.5 Million Second Quarter Net Income
ARALEZ PHARMA: Nuvo Signs Letter of Intent to Acquire Portfolio
ARALEZ PHARMACEUTICALS: Files Chapter 11 to Facilitate Asset Sale
ARCIMOTO INC: Reports Second Quarter Net Loss of $2.2 Million

BAERG REAL PROPERTY: Taps Jones Allen as Special Counsel
BIOAMBER INC: Initiates Liquidation Process Following Court Order
BIRCH WOOD: Taps Phillips Dunn as Special Counsel
BLACKRIDGE TECHNOLOGY: Incurs $3.63 Million Second Quarter Net Loss
BOYD GAMING: Egan-Jones Lowers Commercial Paper Ratings to B

BRIGHT MOUNTAIN: Needs More Time to Complete its Quarterly Report
CAMELOT UK: S&P Cuts Issuer Credit Rating to 'B', Outlook Stable
CAPTAIN NEMOS: Sept. 17 Plan Confirmation Hearing
CARLOS GARCIA: Court Waives $1,167 Fee for Reopening Ch. 11 Case
CASCADE FAMILY: Taps Rountree & Leitman as Legal Counsel

CASINO REINVESTMENT: S&P Alters Outlook on 2005A/B Bonds to Pos.
CBAK ENERGY: Delays Second Quarter Financial Report
CDRH PARENT: S&P Affirms 'B-' Issuer Credit Rating, Outlook Neg.
CHEERVIEW ENTERPRISES: 3rd Amended Disclosures OK'd; Plan Rejected
CHICAGO EDUCATION BOARD: Moody's Affirms IDR, Alters Outlook to Pos

CITATION NORTHSTAR: Voluntary Chapter 11 Case Summary
CJA ENERGY: XP Transport Buying 1998 Kenworth W-900 Truck for $31K
COGENT COMMUNICATIONS: Moody's Rates $70MM Add-on Sec. Notes Ba3
COMMUNITY CHOICE: Incurs $12.2 Million Net Loss in Second Quarter
CONFLUENCE ENERGY: Case Summary & 20 Largest Unsecured Creditors

COWPUNCHER INVESTMENTS: Taps Ahlschwede as Special Counsel
COWPUNCHER INVESTMENTS: Taps Smeberg Law Firm as Legal Counsel
DCP MIDSTREAM: S&P Affirms 'BB' ICR & Alters Outlook to Positive
DELMAC LLC: Unsecured Claims to be Paid from Site Work Contracts
DENBURY RESOURCES: Moody's Ups CFR to B3 & Rates New Sec. Notes B3

DENBURY RESOURCES: S&P Raises ICR to 'B-', Outlook Stable
DIAGNOSTIC CENTER: Taps Brownstein Hyatt as Legal Counsel
DIFFUSION PHARMACEUTICALS: Provides 2nd Quarter Business Update
DJO FINANCE: Reports $13.7 Million Net Loss in Second Quarter
EASTERN POWER: Moody's Affirms B1 Rating on Sec. Credit Facilities

EP ENERGY: Widens Net Loss to $58 Million in First Quarter
FREELINC TECHNOLOGIES: Equity Panel Taps CCA as Financial Advisor
GB SCIENCES: Reports $5.35 Million Net Loss for First Quarter
GENTIVA HEALTH: S&P Assigns B Issuer Credit Rating, Outlook Stable
GEORGE BOULANGER: Taps Golding + Lamothe as Special Counsel

GIGA-TRONICS INC: Reports First Quarter Net Loss of $287,000
GUADALUPE REGIONAL: Fitch Assigns 'BB' Issuer Default Rating
H3C INC: Sept. 27 Plan Confirmation Hearing
HELIOS AND MATHESON: Widens Net Loss to $83.7M Net Loss in Q2
HOPE INDUSTRIES: Aug. 29 Hearing on Plan Confirmation

HUDSON TECHNOLOGIES: Amends Loan Agreement, Delays 10-Q Filing
JACKSON OVERLOOK: Voluntary Chapter 11 Case Summary
LINEN LOCKER: Must File Plan, Disclosures by Oct. 22
LUCKY DRAGON: Taps Crystal Martin as Accountant
LUCKY DRAGON: Taps Ronald N. Withaeger as Accountant

LUXENT INC: Seeks to Hire Lance Soll as Accountant
MR. TORTILLA: Case Summary & 19 Unsecured Creditors
N-LIQUIDATION: Oneida County Wins Summary Judgment Bid vs NBT Bank
NCL CORP: S&P Raises Issuer Credit Rating to 'BB+', Outlook Stable
NEW BEGINNING: Voluntary Chapter 11 Case Summary

NEW ENGLAND CONFECTIONERY: Trustee Taps Huron as Consultant
NOON MEDITERRANEAN: Taps Ciardi Ciardi as Legal Counsel
NORTHERN POWER: Delays Second Quarter Financial Report
ONCOBIOLOGICS INC: Suffers $9.08 Million Net Loss in Third Quarter
OXBOW CARBON: S&P Hikes Issuer Credit Rating to BB-, Outlook Stable

PEOPLE'S COMMUNITY: Trustee Taps Gorfine as Financial Advisor
PLASTIC2OIL INC: Incurs $528.8K Net Loss in Second Quarter
PRINCETON ALTERNATIVE: Taps Liggett & Webb as Accountant
PRIVILEGE WEALTH: Chapter 15 Case Summary
PRIVILEGE WEALTH: Gibraltar Liquidators Seek U.S. Recognition

QUEST PATENT: Incurs $375,000 Net Loss in Second Quarter
R-BOC REPRESENTATIVES: Seeks Extension to File Plan & DS to Oct. 17
RESOLUTE FOREST: Moody's Hikes CFR to Ba3 & Sr. Unsec. Notes to B1
RISE ENTERPRISES: Sept. 26 Hearing on Disclosure Statement
RODEO ROOFING: Taps Gordon Osaka as Special Counsel in CRS Suit

SAMUELS JEWELERS: Taps Prime Clerk as Claims and Noticing Agent
SEACOR HOLDINGS: Egan-Jones Hikes FC Senior Unsecured Rating to B
SEARS HOLDINGS: ESL Submits Non-Binding Bid for Kenmore and SHIP
SKEFCO PROPERTIES: Aug. 30 Hearing on Disclosure Statement
SOUTHWEST SYSTEMS: Seeks to Hire Foundation Ltd. as CRO

SPANISH BROADCASTING: Suffers $2M Net Loss in Second Quarter
STARWOOD PROPERTY: Moody's Rates $300MM Sr. Unsec. Notes 'Ba3'
STARWOOD PROPERTY: S&P Rates $300MM Senior Unsecured Notes 'BB-'
STILETTO MANUFACTURING: J. Enderle Bid for Relief from Stay Junked
SUNVALLEY SOLAR: Incurs $384K Net Loss in Second Quarter

SYNEOS HEALTH: S&P Hikes Issuer Credit Rating to BB, Outlook Stable
TINA JONES: Simons Buying Murfreesboro Property for $1.5 Million
TINTRI INC: Committee Taps A&M as Financial Advisor
TOWERSTREAM CORP: Delays Filing of Quarterly Report
TRINITY 83 DEVELOPMENT: Taps O'Rourke & Moody as Legal Counsel

ULTRA PETROLEUM: Fitch Lowers LT IDRs to 'B', Outlook Negative
VOYAGER LEARNING: Voluntary Chapter 11 Case Summary
W RESOURCES: Seeks to Employ Landman to Evaluate Mineral Rights
W RESOURCES: Seeks to Hire Horne LLP as Accountant
WALL STREET LANGUAGES: Linden Buying All Assets for $60K

WESCO AIRCRAFT: Moody's Affirms B2 CFR & Alters Outlook to Stable
WHISTLER ENERGY: Order Disallowing NOC Admin Priority Claim Upheld
WILLIAM ABRAHAM: Trustee Selling El Paso Property for $585K
WOODBRIDGE GROUP: Selling Beech's Carbondale Property for $1.4M
WOODBRIDGE GROUP: Selling Newville's Carbondale Property for $81K

WOODBRIDGE GROUP: Selling Silverthorne's Property for $900K
WOODBRIDGE GROUP: Selling Springline's Snowmass Property for $900K
WWLC INVESTMENT: 521 Long Life Buying Plano Property for $2.6M
[*] Bankruptcy Court Okays HLP's Mediation Portal for MMM Program
[*] Bankruptcy Law Firm Sees Risk in Use of Financial Apps

[*] Discounted Tickets for 2018 Distressed Investing Conference!
[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

A'GACI LLC: SSG Capital Acted as Investment Banker in Chapter 11
----------------------------------------------------------------
SSG Capital Advisors, LLC, acted as the investment banker to
A'GACI, LLC, in the placement of exit financing and restructuring
pursuant to a Chapter 11 Plan of Reorganization in the U.S.
Bankruptcy Court for the Western District of Texas.  The Plan was
confirmed and became effective in August 2018.

Founded in 1971 and headquartered in San Antonio, Texas, A'GACI is
a multi-channel fast fashion retailer and lifestyle brand for young
women.  The Company maintains an active online presence and sells
on-trend quality apparel, shoes and accessories at value prices
through its website and 55 store locations across 8 U.S. states and
territories.

After many years of successful operations, A'GACI suffered poor
financial performance as it set aggressive growth targets by
opening 21 new store locations across Arizona, California, Florida,
Nevada and Puerto Rico from 2015 to 2017.  This significant
expansion combined with the flawed implementation of a new ERP
system strained the Company's resources and delayed its response to
evolving consumer shopping preferences and declining mall traffic.
Shortly after the ERP implementation, a number of the Company's
most profitable stores in Texas, Florida and Puerto Rico were
severely impacted by Hurricanes Harvey, Irma and Maria resulting in
a temporary closure of 24 locations.  These circumstances drove
management's strategic initiative to optimize the store portfolio,
reduce fixed costs and identify a new capital partner to support
the Company's return to profitability.  A'GACI filed for protection
under Chapter 11 of the U.S. Bankruptcy Code in January 2018.

SSG was retained in January 2018 to advise the Company on strategic
alternatives including a possible sale or restructuring of the
existing business.  A comprehensive marketing process did not
produce acceptable bids and SSG sought new financing to facilitate
the Company's plan of reorganization and exit from bankruptcy.
SSG's ability to solicit interest from several lenders in an
efficient and timely process and its experience with refinancing
enabled the Company to maximize value, preserve jobs, maintain the
loyalty of vendors and customers and exit bankruptcy in seven
months.  Unlike most retail bankruptcies, A'GACI was able to avoid
a liquidation or sale of its assets and achieve a true Chapter 11
reorganization with new exit financing.

Other professionals who worked on the transaction include:
    * Ian T. Peck, David L. Staab, Paul H. Amiel and Laura Shapiro
of Haynes and Boone, LLP, counsel to A'GACI, LLC;
    * Stephen L. Coulombe, Gabe Koch, Michael Bohne and Caroline
Barns, of Berkeley Research Group, LLC, financial advisor to
A'GACI, LLC;
    * Michael Jerbich and Chris Draper of A&G Realty Partners, LLC,
real estate advisor to A'GACI, LLC;
    * W. Steven Bryant of Locke Lord LLP, counsel to the Senior
Lender;
    * Steve A. Peirce of Norton Rose Fulbright LLP (US), counsel to
the Equipment Lender;
    * Richard S. Lauter and Emily S. Chou of Lewis Brisbois
Bisgaard & Smith LLP, counsel to the Official Committee of
Unsecured Creditors;
    * John P. Madden, Jack Allen and Ryan Feulner of Emerald
Capital Advisors Corp., financial advisor to the Official Committee
of Unsecured Creditors;
    * John F. Ventola and Melissa D. Waite of Choate Hall & Stewart
LLP, counsel to the Exit Lender; and
    * Eric B. Terry of Eric Terry Law, PLLC, counsel to the Senior
Creditor.

CONTACTS ON THIS DEAL:

Teresa C. Kohl
Managing Director
tkohl@ssgca.com
(610) 940-9521

J. Scott Victor
Managing Director
jsvictor@ssgca.com
(610) 940-5802

Brian A. McAuley
Associate
bmcauley@ssgca.com
(610) 940-6067

Michael P. Gunderson
Analyst
mgunderson@ssgca.com
(610) 940-1072

                   About SSG Capital Advisors

SSG Capital Advisors is an independent boutique investment bank
that assists middle-market companies and their stakeholders in
completing special situation transactions.  It provide its clients
with comprehensive investment banking services in the areas of
mergers and acquisitions, private placements, financial
restructurings, valuations, litigation and strategic advisory.  SSG
has a proven track record of closing over 300 transactions in North
America and Europe and is a leader in the industry.

Securities are offered through SSG Capital Advisors, LLC (Member
SIPC, Member FINRA).  All other transactions are effectuated
through SSG Advisors, LLC, both of which are wholly owned by SSG
Holdings, LLC.  SSG is a registered trademark for SSG Capital
Advisors, LLC and SSG Advisors, LLC.

                    About A'GACI, L.L.C.

Founded in San Antonio, Texas, A'GACI, L.L.C. --
http://www.agacistore.com/-- is a fast-fashion retailer of women's
apparel and accessories.  A'GACI attracts young, fashion-driven
consumers through its value-pricing and frequent introductions of
new and trendy merchandise.  It operates specialty apparel and
footwear stores under the A'GACI banner as well as a
direct-to-consumer business comprised of its e-commerce Web site
http://www.agacistore.com/Stores feature an assortment of tops,
dresses, bottoms, jewelry, and accessories sold primarily under the
Company's exclusive A'GACI label.  In addition, the Company sells
shoes under its sister brand labels of O'Shoes and Boutique Five.

A'GACI, L.L.C., filed a Chapter 11 petition (Bankr. W.D. Tex. Case
No. 18-50049) on Jan. 9, 2018.  In the petition signed by manager
David Won, the Debtor disclosed $82 million in total assets and $62
million in total liabilities as of Nov. 25, 2017.  The company
listed $37.3 million in assets and $54.7 million in liabilities in
a February 2018 court filing, according to a San Antonio
Express-News report.

The case is assigned to Judge Ronald B. King.

Haynes and Boone, LLP, serves as the Debtor's bankruptcy counsel;
Berkeley Research Group, LLC is the financial advisor; and SSG
Advisors, LLC, is the investment banker.  Kurtzman Carson
Consultants LLC, is the claims, noticing and balloting agent.

No trustee, examiner or official committee of unsecured creditors
has been appointed in the case.


AA PRODUCTIONS: Seeks to Hire TMCE LLP as Accountant
----------------------------------------------------
AA Productions, LLC, seeks approval from the U.S. Bankruptcy Court
for the Western District of Louisiana to hire TMCE, LLP as its
accountant.

The firm will provide auditing services; assist the Debtor in the
preparation of accounting statements, cash flow forecast, tax
returns and plan of reorganization; and provide other services
required by the Debtor.

TMCE will charge $40 per hour for accounting-related matters and
$105 per hour for tax-related matters.

Ben Miller, the accountant at TMCE who will be providing the
services, disclosed in a court filing that he is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Ben Miller
     TMCE, LLP
     6425 Youree Drive, Suite 480
     Shreveport, LA, 71105
     Phone: (318)227-1600
     Fax: (318)868-5338
     Email: bmiller@tmcecpas.com
     Email: info@tmcecpas.com

                    About AA Productions

AA Productions, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. La. Case No. 18-11001) on June 29,
2018.  At the time of the filing, the Debtor estimated assets of
less than $50,000 and liabilities of less than $50,000.  Judge
Jeffrey P. Norman presides over the case.  The Debtor tapped Ayers,
Shelton, Williams, Benson & Paine, LLC as its legal counsel.


ACTIVECARE INC: Committee Taps Klehr Harrison as Co-Counsel
-----------------------------------------------------------
The official committee of unsecured creditors of ActiveCare, Inc.,
and 4G Biometrics, LLC, seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Klehr Harrison Harvey
Branzburg LLP.

Klehr Harrison will serve as co-counsel with Orrick, Herrington &
Sutcliffe LLP, another firm tapped by the committee to be its legal
counsel in connection with the Debtors' Chapter 11 cases.

The firm charges these hourly rates:

     Partners       $350 - $820
     Counsel        $295 - $475
     Associates     $260 - $410
     Paralegals     $170 - $250

Richard Beck, Esq., and Sally Veghte, Esq., the attorneys who will
be handling the cases, will charge $620 per hour and $335 per hour,
respectively.

Mr. Beck disclosed in a court filing that the firm and its
attorneys neither hold nor represent any interest adverse to the
Debtors' estates.

Klehr Harrison can be reached through:

     Richard M. Beck, Esq.
     Klehr Harrison Harvey Branzburg LLP
     919 N. Market Street, Suite 1000
     Wilmington, DE
     Phone: 215.569.2299
     Email: rbeck@klehr.com

                     About ActiveCare Inc.

ActiveCare, Inc. -- https://www.activecare.com/ -- is a real-time
health analytics and monitoring company that provides self-insured
health plans with solutions that significantly reduce the impact
and cost of diabetes.

ActiveCare, Inc., along with affiliates 4G Biometrics, LLC, sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 18-11659) on
July 15, 2018.  In the petitions signed by CEO Mark J. Rosenblum,
ActiveCare, Inc., declared total assets of $2,623,458 and
41,787,746 in liabilities.

The Hon. Laurie Selber Silversteinis the case judge.

The Debtors tapped Polsinelli PC, led by Christopher A. Ward, Esq.,
as counsel.

The U.S. Trustee appointed an official committee of unsecured
creditors.  The Committee tapped Orrick, Herrington & Sutcliffe LLP
and Klehr Harrison Harvey Branzburg, LLP, as its co-counsel, and
RSR Consulting, LLC, as its financial advisor.


ALGODON WINES: Reports $2.66 Million Second Quarter Net Loss
------------------------------------------------------------
Algodon Wines & Luxury Development Group, Inc. has filed with the
Securities and Exchange Commission its Quarterly Report on Form
10-Q reporting a net loss attributable to common stockholders of
$2.66 million on $396,392 of sales for the three months ended June
30, 2018, compared to a net loss attributable to common
stockholders of $1.97 million on $413,295 of sales for the three
months ended June 30, 2017.

For the six months ended June 30, 2018, the Company reported a net
loss attributable to common stockholders of $4.24 million on $1.67
million of sales compared to a net loss attributable to common
stockholders of $3.79 million on $1.03 million of sales for the six
months ended June 30, 2017.

As of June 30, 2018, the Company had $5.39 million in total assets,
$4.67 million in total liabilities, $9.02 million in series B
convertible preferred stock, and a total stockholders' deficiency
of $8.30 million.

"The Company needs to raise additional capital in order to continue
to pursue its business objectives," Algodon Wines stated in the
Quartelry Report.  "The Company funded its operations during the
six months ended June 30, 2018 through the proceeds from
convertible debt obligations of $2,026,730, proceeds from loans
payable of $580,386, and net proceeds from the sale of common stock
of $575,400.  The Company repaid debt of $51,961 during the six
months ended June 30, 2018 and paid cash dividends of $127,913
during the six months ended June 30, 2018.

"If the Company is not able to obtain additional sources of
capital, it may not have sufficient funds to continue to operate
the business for twelve months from the date these financial
statements are issued.  Historically, the Company has been
successful in raising funds to support its capital needs.
Management believes that it will be successful in obtaining
additional financing; however, no assurance can be provided that
the Company will be able to do so.  Further, there is no assurance
that these funds will be sufficient to enable the Company to attain
profitable operations or continue as a going concern.  To the
extent that the Company is unsuccessful, the Company may need to
curtail its operations and implement a plan to extend payables and
reduce overhead until sufficient additional capital is raised to
support further operations.  There can be no assurance that such a
plan will be successful.  Such a plan could have a material adverse
effect on the Company's business, financial condition and results
of operations, and ultimately the Company could be forced to
discontinue its operations, liquidate and/or seek reorganization in
bankruptcy.  These condensed consolidated financial statements do
not include any adjustments that might result from the outcome of
this uncertainty."

A full-text copy of the Form 10-Q is available for free at:

                    https://is.gd/kf2eyB

                     About Algodon Wines

Through its wholly-owned subsidiaries, Algodon Wines & Luxury
Development Group, Inc. -- http://www.algodongroup.com/-- invests
in, develops and operates real estate projects in Argentina.  Based
in New York, AWLD operates a hotel, golf and tennis resort,
vineyard and producing winery in addition to developing residential
lots located near the resort.  The activities in Argentina are
conducted through its operating entities: InvestProperty Group,
LLC, Algodon Global Properties, LLC, The Algodon - Recoleta S.R.L,
Algodon Properties II S.R.L., and Algodon Wine Estates S.R.L. AWLD
distributes its wines in Europe through its United Kingdom entity,
Algodon Europe, LTD.

Algodon Wines reported a net loss attributable to common
stockholders of $8.25 million for the year ended Dec. 31, 2017,
compared to a net loss attributable to common stockholders of
$10.04 million for the year ended Dec. 31, 2016.  As of March 31,
2018, Algodon Wines had $7.78 million in total assets, $5.22
million in total liabilities, $9.02 million in series B convertible
redeemable preferred stock, and a total stockholders' deficiency of
$6.46 million.

Marcum LLP, in New York, the Company's auditor since 2013, issued a
"going concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2017, 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.


ALSOL CORP: Court Grants Mercadien's Interim Fee Applications
-------------------------------------------------------------
Bankruptcy Judge Vincent F. Papalia entered an order granting the
first and second interim fee applications of Mercadien, P.C.,
accountant to court-appointed examiner Frank A. Pina.

The compensation and expenses are allowed to Mercadien as follows:

First Interim Fee Application filed Nov. 9, 2017 - $9,778.40.
Request for $10,001.90 was reduced by fees incurred for tax
research.

Second Interim Fee Application filed March 19, 2018 - $11,634.40.
Request for $11,766.90 was reduced by travel time reallocated at
50%.

The bankruptcy case is in re: ALSOL CORPORATION, Chapter: 11,
Debtor, Case No. 13-12689 (VFP) (Bankr. D.N.J.).

A copy of the Court's Order dated July 18, 2018 is available at
https://bit.ly/2KHoXMa from Leagle.com.

Alsol Corporation, Debtor, represented by Morris S. Bauer --
mbauer@nmmlaw.com -- Norris McLaughlin & Marcus, PA, Lawrence S.
Berger, Berger & Bornstein & Joseph R. Zapata, Jr., Mellinger,
Sanders & Kartzman, LLC.

United States Trustee, U.S. Trustee, represented by Mitchell
Hausman, United States Department of Justice Office of the United
States Trustee, Shining J. Hsu, Office of the US Trustee US
Department of Justice & Benjamin Teich, Office of the United States
Trustee.

Morristown, New Jersey-based Alsol Corporation filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J.
Case No. 13-12689) on Feb. 11, 2013.  The case is assigned to Judge
Rosemary Gambardella.  Alsol's petition disclosed $1 million to $10
million in assets and liabilities.  The Debtor is represented by
Morris S. Bauer, Esq. -- msbauer@nmmlaw.com -- at Norris McLaughlin
& Marcus, in Bridgewater, New Jersey.


AMERICAN CRYOSTEM: Will File its Form 10-Q Within 'Grace' Period
----------------------------------------------------------------
American CryoStem Corporation notified the Securities and Exchange
Commission that it will be delayed in filing its Quartely report on
Form 10-Q for the period ended June 30, 2018.  The Company said the
compilation, dissemination and review of the information required
to be presented in the Form 10-Q for the quarterly period ending
June 30, 2018 could not be completed and filed by Aug. 14, 2018,
without undue hardship and expense to the registrant.  The
registrant anticipates that it will file its Form 10-Q for the
quarterly period ended June 30, 2018 within the "grace" period
provided by Securities Exchange Act Rule 12b-25.

                     About American CryoStem

Eatontown, New Jersey-based American CryoStem Corporation (OTC:
CRYO), founded in 2008, is a biotechnology company, standardizing
adipose tissue (fat) derived technologies (Adult Stem Cells) for
the fields of Regenerative and Personalized Medicine.  The Company
operates a state-of-art, FDA-registered, laboratory in New Jersey
and licensed laboratories in Hong Kong, Bangkok, Thailand, China
and Tokyo, Japan, which operate on its proprietary platform,
dedicated to the collection, processing, bio-banking, culturing and
differentiation of adipose tissue and adipose derived stem cells
(ADSCs) for current or future use in regenerative medicine.  CRYO
maintains a strategic portfolio of intellectual property (IP) that
surrounds its proprietary technology which supports a growing
pipeline of stem cell applications and biologic products.  The
Company is leveraging its platform and a developed product
portfolio to create a global footprint of licensed laboratory
affiliates, domestic and international physicians networks and
research organizations who purchase tissue collection, processing
and storage consumables from CRYO.  The Company has also secured a
number of online domain names relevant to its business, including
http://www.americancryostem.com/and
http://www.acslaboratories.com/   

American CryoStem incurred a net loss of $1.22 million for the year
ended Sept. 30, 2017, following a net loss of $1.88 million for the
year ended Sept. 30, 2016.  As of March 31, 2018, the Company had
$1.32 million in total assets, $1.93 million in total liabilities
and a total shareholders' deficit of $613,493.

Fruci & Associates II, PLLC, in Spokane, Washington, issued a
"going concern" qualification in its report on the consolidated
financial statements for the year ended Sept. 30, 2017, citing that
the Company has incurred significant losses since its inception
which raises substantial doubt about the Company's ability to
continue as a going concern.


AMYRIS INC: Posts $1.5 Million Second Quarter Net Income
--------------------------------------------------------
Amyris, Inc. has filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q reporting net income attributable
to the Company of $1.53 million on $23.19 million of total revenue
for the three months ended June 30, 2018, compared to net income
attributable to the Company of $620,000 on $25.67 million of total
revenue for the three months ended June 30, 2017.

For the six months ended June 30, 2018, the Company reported a net
loss attributable to the Company of $89.96 million on $46.19
million of total revenue compared to a net loss attributable to the
Company of $36.75 million on $38.66 million of total revenue for
the same period a year ago.

As of June 30, 2018, the Company had $118.65 million in total
assets, $367.62 million in ttoal liabilities, $5 million in
mezzanine equity and a total stockholders' deficit of $253.97
million.

The Company has incurred significant operating losses since its
inception and expects to continue to incur losses and negative cash
flows from operations for at least the next 12 months following the
issuance of these financial statements.  As of
June 30, 2018, the Company had negative working capital of $105.9
million, excluding cash and cash equivalents and short-term
investments (compared to negative working capital of $59.6 million
as of December 31, 2017), and an accumulated deficit of $1.3
billion.

As of June 30, 2018, the Company's debt (including related party
debt), net of deferred discount and issuance costs of $25.5
million, totaled $171.4 million, of which $109.7 million is
classified as current and $23.2 million is mandatorily convertible
into equity and within the control of the Company.  The Company's
debt service obligations through Aug. 31, 2019 are $114.5 million,
including $15.8 million of anticipated cash interest payments.  The
Company's debt agreements contain various covenants, including
certain restrictions on the Company's business that could cause the
Company to be at risk of defaults, such as restrictions on
additional indebtedness and cross-default clauses.  A failure to
comply with the covenants and other provisions of the Company's
debt instruments, including any failure to make a payment when
required, would generally result in events of default under such
instruments, which could permit acceleration of such indebtedness.
If such indebtedness is accelerated, it would generally also
constitute an event of default under the Company's other
outstanding indebtedness, permitting acceleration of a substantial
portion of the Company's outstanding indebtedness.

Cash and cash equivalents of $14.1 million as of June 30, 2018 are
not sufficient to fund expected future negative cash flows from
operations and cash debt service obligations through one year
following the issuance of these financial statements.  The Company
said these factors raise substantial doubt about its ability to
continue as a going concern within one year after the date that
these financial statements are issued.

A full-text copy of the Form 10-Q is available for free at:

                       https://is.gd/QgzbMK

                      About Amyris, Inc.

Amyris, Inc., Emeryville, California, is an industrial
biotechnology company that applies its technology platform to
engineer, manufacture and sell natural, sustainably sourced
products into the health & wellness, clean skincare, and flavors &
fragrances markets.  The Company's proven technology platform
enables the Company to rapidly engineer microbes and use them as
catalysts to metabolize renewable, plant-sourced sugars into large
volume, high-value ingredients.  The Company's biotechnology
platform and industrial fermentation process replace existing
complex and expensive manufacturing processes.  The Company has
successfully used its technology to develop and produce five
distinct molecules at commercial volumes.

The report from the Company's independent accounting firm KPMG LLP,
the Company's auditor since 2017, on the consolidated financial
statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the Company has suffered
recurring losses from operations and has current debt service
requirements that raise substantial doubt about its ability to
continue as a going concern.

Amyris incurred net losses of $72.32 million in 2017, $97.33
million in 2016 and $217.95 million in 2016.  As of March 31, 2018,
Amyris had $118.2 million in total assets, $404.4 million in total
liabilities, $5 million in contingently redeemable common stock and
a total stockholders' deficit of $291.2 million.


ARALEZ PHARMA: Nuvo Signs Letter of Intent to Acquire Portfolio
---------------------------------------------------------------
Nuvo Pharmaceuticals Inc., a healthcare company with a portfolio of
commercial products and pharmaceutical manufacturing capabilities,
on Aug. 10, 2018, announced the signing of a letter of intent with
Aralez Pharmaceuticals Inc. to acquire a portfolio of more than 20
revenue-generating products, as well as the associated personnel
and infrastructure to continue the products' management and growth
(the Proposed Transaction).  Assuming completion of the Proposed
Transaction, Nuvo's pro forma 2017 revenues would have been
approximately 4x higher than reported for fiscal 2017 and 2017 pro
forma adjusted EBITDA would have been approximately 10x higher than
that reported for fiscal 2017.  The letter of intent contemplates
Nuvo paying Aralez US$110M in cash at closing, which Nuvo expects
to be satisfied through funding provided by certain funds managed
by Deerfield Management Company, L.P. (Deerfield), a leading,
global, healthcare-specialized investor.  Deerfield is also the
senior secured lender to Aralez.  All references to dollars are in
Canadian dollars, unless otherwise specified.

Under the terms of the Proposed Transaction, Nuvo would acquire
Aralez's Canadian specialty pharmaceutical business, which was
formerly known as Tribute Pharmaceuticals Canada Inc.  This is a
growing business that includes Cambia(R), BlextenTM, SuvexxTM (sold
as Treximet(R) in the USA), as well as the Canadian distribution
rights to Resultz,(R) and would create a platform for Nuvo to
acquire and launch additional commercial products in Canada.  The
purchase would also include the worldwide rights including
royalties from licensees for VIMOVO(R) and global, ex-US product
rights to MT400 (to be sold as Suvexx in Canada once registered and
currently commercialized in the USA as Treximet). Nuvo's current
CEO and CSO were formerly executives of Tribute Pharmaceuticals,
providing Nuvo with a deep knowledge of the products, the business
history and the key personnel involved in operating the business.

Jesse Ledger, CEO of Nuvo commented, "The Proposed Transaction
would be transformative for Nuvo.  It provides critical mass, an
expanded platform for future growth, diversifies our revenue
streams and significantly increases our projected revenue and
adjusted EBITDA.  We anticipate that Deerfield will provide us not
only with financing but also with access to its expertise,
relationships and potential opportunities for future growth."

Financing:

Deerfield would be expected to be the sole financier to Nuvo to
fund the Proposed Transaction (the Financing).  Deerfield has
delivered a financing letter, which contemplates that Deerfield
would provide Nuvo with a 6-year term, 3.5% p.a. interest, senior
secured debt facility in the amount of US$112.5M. As part of the
Financing, Nuvo would issue to Deerfield 43.6 million common share
purchase warrants with an exercise price of $3.53 and a 6-year life
(the Warrants).  The proceeds of exercised warrants would initially
automatically reduce the amount owing on the senior secured debt
(to the extent not already repaid by Nuvo).

Next Steps

To facilitate the transactions, Aralez, along with its Canadian
subsidiary, Aralez Pharmaceuticals Canada Inc., has elected to
commence voluntary proceedings under Canada's Companies' Creditor
Arrangement Act (the CCAA) in the Ontario Superior Court of
Justice.  In connection with these proceedings, certain other
subsidiaries of Aralez have elected to file voluntary petitions
under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy
Court for the Southern District of New York.

Nuvo intends to continue to negotiate with Aralez and Deerfield
with a view to executing definitive agreements in respect of the
Proposed Transaction and the Financing as soon as practicable.
However, the letter of intent with Aralez is non-binding and there
is no legal obligation on Nuvo, Aralez or Deerfield to enter into
definitive agreements in respect of the Proposed Transaction or the
Financing.  Accordingly, there can be no assurance that the
Proposed Transaction or the Financing will proceed.  Aralez has
agreed to negotiate exclusively with Nuvo (with respect to the
assets subject to the Proposed Transaction) until August 19, 2018.
If definitive agreements in respect of the Proposed Transaction are
executed, those agreements would be filed with the relevant
bankruptcy courts as part of Aralez's restructuring process and
would be subject to court approval.  As part of the restructuring
process, Aralez and its subsidiaries would be permitted to conduct
a sale process in accordance with bidding procedures to be approved
by the courts and to pursue a superior acquisition proposal for any
of the assets subject to the Proposed Transaction in accordance
with the bidding procedures.  The definitive agreement in respect
of the Proposed Transaction would serve as the "stalking horse" bid
in such a sale process and would entitle Nuvo to a customary
termination fee if it were not ultimately the successful bidder in
the process.

If the parties enter into definitive agreements for the Proposed
Transaction and the Financing and Nuvo is the successful bidder in
the sale process, closing of the Proposed Transaction would be
subject to customary conditions, including approval of the Proposed
Transaction by the Canadian and U.S. bankruptcy courts.  It is not
anticipated that the approval of Nuvo's shareholders would be a
condition to closing the Proposed Transaction or the Financing, but
Nuvo would seek the approval of its shareholders following closing
for certain terms of the warrants to be issued to Deerfield.

Nuvo does not intend to provide any further update regarding the
Proposed Transaction until definitive agreements for the Proposed
Transaction are entered into or the letter of intent has been
terminated.

                About Deerfield Management Company

Deerfield -- http://www.deerfield.com/-- is an investment
management firm, committed to advancing healthcare through
investment, information and philanthropy.

                     About Nuvo Pharmaceuticals

Nuvo (TSX: NRI; OTCQX: NRIFF) -- http://www.nuvopharmaceuticals.com
-- is a global commercial healthcare company with a portfolio of
marketed products and pharmaceutical manufacturing capabilities.
Nuvo has four commercial products that are available in a number of
countries: Pennsaid(R) 2%, Pennsaid, Resultz(R) and the heated
lidocaine/tetracaine patch.  Nuvo manufactures Pennsaid 2% for the
U.S market, Pennsaid for the global market and the bulk drug
product for the HLT Patch at its FDA, Health Canada and E.U.
approved manufacturing facility in Varennes, Quebec.  The Company's
focus is to maximize the value of Pennsaid 2% and Resultz through
out-licensing to commercial partners in international markets and
identifying new opportunities to acquire additional, revenue
generating or late-stage products or businesses to further
diversify the Company's existing product portfolio.

                    About Aralez Pharmaceuticals

Aralez Pharmaceuticals Inc. -- http://www.aralez.com/-- is a
specialty pharmaceutical company focused on delivering meaningful
products to improve patients' lives by acquiring, developing and
commercializing products in various specialty areas.  Aralez's
Global Headquarters is in Mississauga, Ontario, Canada and the
Irish Headquarters is in Dublin, Ireland.


ARALEZ PHARMACEUTICALS: Files Chapter 11 to Facilitate Asset Sale
-----------------------------------------------------------------
Aralez Pharmaceuticals Inc. on Aug. 10, 2018, disclosed that it
intends to enter into purchase agreements with two separate
stalking-horse purchasers to sell its main operating businesses:
an agreement to sell its VIMOVO(R) royalties and Canadian
operations to Nuvo Pharmaceuticals Inc. ("Nuvo") in a transaction
valued at U.S.$110 million and an agreement to sell its
TOPROL-XL(R) Franchise to its secured lender, certain funds managed
by Deerfield Management Company, L.P., in a transaction valued at
U.S.$140 million.  The Company is also engaged in ongoing efforts
to sell the assets not being sold in either of the proposed
transactions and intends to wind down its operations following the
consummation of the sales.

The letters of intent signed with each of Nuvo and the Company's
secured lender included the material terms of each of the proposed
transactions.  Each proposed transaction is subject to entry into
mutually agreeable definitive agreements, and in the case of Nuvo,
obtaining committed financing, which is expected to be provided by
the Company's secured lender.  Aralez has agreed to negotiate
exclusively with Nuvo (with respect to the assets subject to the
proposed transaction with Nuvo) until August 19, 2018.  Closing of
each proposed transaction is subject to the receipt of applicable
regulatory approvals and the satisfaction or waiver of other
customary closing conditions.  The proposed transactions are not
conditioned on one another and will be subject to approval by the
applicable courts supervising the Restructuring Proceedings
described below.

To facilitate the transactions, Aralez, along with its Canadian
subsidiary, Aralez Pharmaceuticals Canada Inc., has elected to
commence voluntary proceedings under Canada's Companies' Creditor
Arrangement Act (the "CCAA") in the Ontario Superior Court of
Justice.  In connection with these proceedings, Aralez's
subsidiaries incorporated in the United States and Ireland have
elected to file voluntary petitions under Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the Southern
District of New York (together with the CCAA proceedings, the
"Restructuring Proceedings").

"Following a thorough financial and strategic review, we believe
that these sales, together with an auction process under court
supervision are in the best interests of the Company and its
stakeholders," said Adrian Adams, Chief Executive Officer of
Aralez.

Aralez, together with its subsidiaries, intends to seek and obtain
customary relief from the courts to permit it to continue to
operate its business in the ordinary course without interruption
during the sale process.  In addition, Aralez has obtained
commitments for debtor-in-possession ("DIP") financing of
approximately U.S.$15 million, from its secured lender, which is
subject to approval of the courts.  The Company intends to use the
proceeds from the DIP financing, in addition to cash flow from
operations, to pay for all goods and services from vendors provided
after the CCAA and Chapter 11 filing date in accordance with their
current terms.  In addition, the Company and its subsidiaries have
filed a number of customary pleadings seeking authorization from
the courts to pay certain pre-petition obligations, support their
business operations and transition them through the Restructuring
Proceedings and the sale process.  These include the payment of
employee wages, salaries and benefits, and certain obligations to
vendors.

The sales and Restructuring Proceedings are the culmination of a
previously announced financial and strategic review undertaken by
the board of directors of the Company.  While the Company continued
to address and improve its financial profile through several cost
savings initiatives, corporate restructurings (including of the
discontinuation of its U.S. commercial operations) and the Payment
In Kind deferral of its July 1, 2018 interest payment until August
15, 2018, it became increasingly apparent during the course of the
board's financial and strategic review, that absent the legal
protection afforded through the Restructuring Proceedings, the
Company's cash position would continue to deteriorate.

Following completion of the board's strategic review, after careful
consideration of all available alternatives and having given due
consideration to the interests of all stakeholders, the boards of
directors of the Company and each of its North American and Irish
subsidiaries, with the assistance, input and advice from legal and
financial advisors, have unanimously determined that a sale process
under court supervision is in the best interests of the companies.
Rob Harris, a director of the Company, abstained from voting on
these matters due to a potential conflict of interest relating to
the ongoing sale process.  In connection with the filing and to
facilitate the administration of the Restructuring Proceedings more
efficiently, the size of the Board of Directors of the Company has
been reduced to four members, consisting of: Arthur Kirsch (Chair),
Kenneth Lee, Martin Thrasher, and Adrian Adams, with the following
directors resigning: Seth Rudnick, Neal Fowler and Rob Harris.

Aralez is being advised by Moelis & Company LLC and Alvarez &
Marsal as its financial advisors and Willkie Farr & Gallagher LLP
and Stikeman Elliott LLP as U.S. and Canadian legal counsel,
respectively.

Additional Information

Additional information is available on the Company's website at
www.aralez.com, on EDGAR at www.sec.gov, and on SEDAR at
www.sedar.com. Court filings and other information related to the
court-supervised proceedings are available at a website
administered by the Company's claims agent, Primeclerk, at
https://cases.primeclerk.com/Aralez.

In connection with the proceedings to be commenced today in the
Ontario Superior Court of Justice under the CCAA, the Company
intends to seek approval for the appointment of Richter Advisory
Group Inc. as monitor.  In that capacity, Richter Advisory Group
Inc. will work with management throughout the Restructuring
Proceedings and the sale process while overseeing the CCAA
proceedings and reporting to the court.  Information will also be
available at a website maintained by the Company's court-appointed
monitor in Canada in accordance with the CCAA proceedings, Richter
Advisory Group Inc., at
http://insolvency.richter.ca/A/Aralez-Pharmaceuticals.

For additional information, vendors and customers may call
1-877-676-4390 or e-mail at aralez@richter.ca.

                    About Aralez Pharmaceuticals

Aralez Pharmaceuticals Inc. (NASDAQ: ARLZ) (TSX: ARZ) --
http://www.aralez.com/-- is a specialty pharmaceutical company
focused on delivering meaningful products to improve patients'
lives by acquiring, developing and commercializing products in
various specialty areas.  Aralez's Global Headquarters is in
Mississauga, Ontario, Canada and the Irish Headquarters is in
Dublin, Ireland.


ARCIMOTO INC: Reports Second Quarter Net Loss of $2.2 Million
-------------------------------------------------------------
Arcimoto, Inc. has filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $2.16 million on $85,332 of total revenues for the three months
ended June 30, 2018, compared to a net loss of $585,122 on $0 of
total revenues for the three months ended June 30, 2017.  Sources
of revenue in the second quarter of 2018 were $84,000 from the sale
of vehicles, $1,332 from merchandise and metal fabrication
revenue.

For the six months ended June 30, 2018, the Company reported a net
loss of $4.21 million on $85,989 of total revenues compared to a
net loss of $1.09 million on $40,580 of total revenues for the same
period a year ago.

As of June 30, 2018, Arcimoto had $14.30 million in total assets,
$2.54 million in total liabilities and $11.75 million in total
stockholders' equity.

The Company had $2.14 million in cash and cash equivalents and $5.2
million in short-term investments as of June 30, 2018, compared to
$1.4 million cash and cash equivalents and $9.7 million in
short-term investments as of March 31st, 2018.

"The second quarter was highlighted by our continued operational
execution, anchored by the completion of ten Signature Series
FUVs," said Mark Frohnmayer, founder and president of Arcimoto.
"With the lessons learned from the Signature Series, we began a
15-unit Beta Series production run, with the first two units
already on the road.

"As of June 30, 2018, FUV pre-orders stood at 2,800 vehicles,
representing approximately $42 million in anticipated revenue.  We
expect the pace of new pre-orders to potentially accelerate as we
open our planned rental locations -- first in Eugene, Oregon,
followed by a second location in Encinitas, California.

"This newly developed experience model entails opening rental
locations in key destination markets.  We believe this approach
will allow Arcimoto to generate revenue from individual rentals
while raising brand awareness in high-traffic destination cities.
Further, we anticipate that the rental model will be franchiseable,
allowing us to expand our global footprint with limited capital
expenditure.

"From the very first Signature Series FUV to our current run of
Beta units, one thing has consistently excited me through it all:
the pure joy of a prospective customer driving an FUV for the first
time.  That experience, perhaps more than anything, is what I
believe will most help us in our goal to catalyze the shift to
sustainable transportation worldwide," concluded Frohnmayer.

A full-text copy of the Form 10-Q is available for free at:

                     https://is.gd/hQYyDu

                     About Arcimoto, Inc.

Headquartered in Eugene, Oregon, Arcimoto, Inc. (NASDAQ: FUV) --
http://www.arcimoto.com/-- is engaged primarily in the design and
development of ultra-efficient three-wheeled electric vehicles.
Over the course of its first ten years, the Company designed built
and tested eight generations of prototypes, culminating in the Fun
Utility Vehicle.  The Fun Utility Vehicle is a pure electric
solution that is approximately a quarter of the weight, takes up a
third of the parking space of, and is dramatically more efficient
than the average passenger car in the United States.

The report from the Company's independent accounting firm
DBBMckennon, the Company's auditor since 2016, on the consolidated
financial statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the Company has suffered
recurring losses from operations and has earned limited revenues
from its intended operations, which raises substantial doubt about
its ability to continue as a going concern.

Arcimoto incurred a net loss of $3.31 million in 2017 and a net
loss of $1.91 million in 2016.  As of March 31, 2018, Arcimoto had
$15.86 million in total assets, $1.98 million in total liabilities
and $13.87 million in total stockholders' equity.


BAERG REAL PROPERTY: Taps Jones Allen as Special Counsel
--------------------------------------------------------
Baerg Real Property Trust seeks approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire Jones Allen &
Fuquay, LLP, as special counsel.

The firm will represent the Debtor in a case filed by Millsworth
Enterprises, Inc., which asserts a claim in the sum of
$1,101,823.02 against the bankruptcy estate.

Nathan Allen, Jr., Esq., and Laura Worsham, Esq., the attorneys who
will be representing the Debtor, will charge $375 per hour and $325
per hour, respectively.  Their firm received a retainer in the sum
of $7,500.

Jones Allen is "disinterested" as defined in Section 101(14) of the
Bankruptcy Code, according to court filings.

The firm can be reached through:

     Nathan Allen, Jr., Esq.
     Laura Worsham, Esq.
     Jones, Allen & Fuquay, L.L.P.
     8828 Greenville Avenue
     Dallas, TX 75243
     Telephone: (214) 343-7400
     Facsimile: (214) 343-7455
     Email: nallen@jonesallen.com

                  About Baerg Real Property Trust

Baerg Real Property Trust, d/b/a Lake Bluffs Apartments, d/b/a
Lakeview Village, d/b/a The Woods Apartments, d/b/a Oakway Manor
Apartments filed a Chapter 11 petition (Bankr. N.D. Tex. Case No
16-33793) on Sept. 29, 2016.  In the petition signed by Hal Baerg,
Jr., trustee, the Debtor estimated assets and liabilities at $1
million to $10 million at the time of the filing.    The case is
assigned to Judge Barbara J. Houser.   Joyce W. Lindauer Attorney,
PLLC, is the Debtor's counsel.


BIOAMBER INC: Initiates Liquidation Process Following Court Order
-----------------------------------------------------------------
BioAmber Inc. on Aug. 9 disclosed that following a court order
issued on July 31, 2018, the company, along with its monitor,
PricewaterhouseCoopers (PWC), has initiated a liquidation process
pursuant to which offers will be solicited from liquidators and/or
strategic buyers to proceed with the liquidation of the company's
assets or a recapitalization transaction with the goal of realizing
the greatest value on behalf of the company's creditors.  

Binding offers from the liquidators or strategic buyers must be
received by 9:00 a.m. on Aug. 21, 2018, and if acceptable offers
are received, the company will seek to obtain court approval of the
retained offer on August 28, 2018 and close the transaction on Aug.
31, 2018.

Potential investors can contact Claudio Filippone or Christian
Bourque from PWC, or Richard Eno, the company's CEO, in order to
express interest in acquiring the assets or investing in the
business.  

Note that there can be no guarantee that the company will be
successful in securing an acceptable offer in connection with the
liquidation of its assets, and if an acceptable offer is received,
the liquidation of the company's assets will almost certainly
result in no residual value for non-secured creditors and equity
investors.

                         About BioAmber

BioAmber (OTCPK: BIOAQ) -- http://www.bio-amber.com/-- is a
renewable materials company.  Its innovative technology platform
combines biotechnology and catalysis to convert renewable feedstock
into building block materials that are used in a wide variety of
everyday products including plastics, paints, textiles, food
additives and personal care products.


BIRCH WOOD: Taps Phillips Dunn as Special Counsel
-------------------------------------------------
Birch Wood, Inc., seeks approval from the U.S. Bankruptcy Court for
the District of Vermont to hire Phillips, Dunn, Shriver, & Carroll,
P.C., as special counsel.

The firm will review and potentially pursue remedies from
Northborough Capital Partners, LLC, in connection with a mortgage.
The action may also include a claim against the mortgagor broker,
Clubhouse Capital, LLC.

Phillips will be compensated on a contingency fee basis.  The legal
fees will be 15% of any savings to the Debtor's estate if the case
is litigated to judgment (or if there is a settlement after an
evidentiary hearing on the merits has commenced) or 10% of any
savings to the estate if the case is settled prior to commencement
of an evidentiary hearing on the merits.

David Dunn, Esq., at Phillips, disclosed in a court filing that he
and his firm are "disinterested" as defined in section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     David N. Dunn, Esq.
     Phillips, Dunn, Shriver, & Carroll, P.C.
     147 Western Avenue
     Brattleboro, VT 05301
     Phone: (802) 257-7244
     Fax: (802) 257-7256
     E-mail: ddunn@pdsclaw.com

                        About Birch Wood

Birch Wood Inc. owns in fee simple a real property located at 327
Fletcher Schoolhouse Road, South Woodstock, Vermont, valued by the
company at $2.8 million.  Birch Wood sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Vt. Case No. 18-10184)
on May 1, 2018.  In the petition signed by Gary Moore, president,
the Debtor disclosed $2.81 million in assets and $1.81 million in
liabilities.  The Debtor tapped Obuchowski Law Office as its legal
counsel.


BLACKRIDGE TECHNOLOGY: Incurs $3.63 Million Second Quarter Net Loss
-------------------------------------------------------------------
BlackRidge Technology International, Inc., has filed with the
Securities and Exchange Commission its Quarterly Report on Form
10-Q reporting a net loss of $3.63 million on $66,826 of revenues
for the three months ended June 30, 2018, compared to a net loss of
$3.73 million on $8,961 of revenues for the same period a year
ago.

For the six months ended June 30, 2018, the Company reported a net
loss of $6.87 million on $70,014 of revenues compared to a net loss
of $6.02 million on $37,702 of revenues for the six months ended
June 30, 2017.

As of June 30, 2018, the Company had $8.79 million in total assets,
$7.44 million in total liabilities and $1.34 million in total
stockholders' equity.

At June 30, 2018, the Company had total current assets of $715,136,
including cash of $25,333, and current liabilities of $7,224,990,
resulting in working capital deficit of $6,509,854.  Its current
assets and working capital included receivables of $207,948,
inventory of $56,003 and prepaid expenses of $425,852.

In addition, as June 30, 2018, the Company had total stockholders'
equity of $1,344,665.  As the Company has worked toward its
acquisition and new product launches, the Company has primarily
financed recent operations, the development of technologies, and
the payment of expenses through the issuance of its debt, common
stock, preferred stock and warrants.

For the six months ended June 30, 2018, net cash used in operating
activities was $5,183,773, as a result of its net loss from
continued operations of $6,873,052 and increases in inventory of
$15,595, prepaid expenses of $64,210, and decreases in deferred
revenue of $5,690, accounts payable and accrued expenses -- related
party of $17,214, partially offset by non-cash expenses totaling
$1,104,458, and increases in accounts payable and accrued expenses
of $140,407, accrued interest of $162,207, accrued interest -
related party of $81,964, wages payable of $293,520, and a decrease
in accounts receivable of $9,432.

By comparison, for the six months ended June 30, 2017, net cash
used in operating activities was $3,050,233, as a result of the
Company's net loss from continued operations of $5,534,202 and
increases in inventory of $14,731, prepaid expenses of $96,675, and
decreases in deferred revenue of $4893, accounts payable and
accrued expenses -- related party of $231,181, partially offset by
non-cash expenses totaling $222,143, and increases in accounts
payable and accrued expenses of $72,260, accrued interest of
$1,210, accrued interest - related party of $334,491, wages payable
of $2,256,317, loss from discontinued operation of $493,664 and
cash flows from discontinued operations of $45,028.

Cash used in investing activities for the six months ended June 30,
2018 was $1,182,763 compared to $406,445 for the six months ended
June 30, 2017.  The increase in the current period is due primarily
to an increase in capitalized engineering costs related to the
Company's technology development.

For the six months ended June 30, 2018, net cash provided by
financing activities was $5,970,000, comprised of proceeds from the
sale short term notes -- related party of $500,000, short term
notes of $5,600,000 and advances – related party of $75,000,
partially offset by repayments of short term notes of $5,000 and
repayments of long-term notes of $200,000.

For the six months ended June 30, 2017, net cash provided by
financing activities was $4,617,886, comprised of proceeds from the
sale of common stock of $4,532,452, preferred stock of $275,000 and
subscriptions payable of $20,000, proceeds from short term notes of
$100,000 and advances -- related party of $115,000, partially
offset by the repayment of short-term notes of $36,489, repayments
of short-term convertible notes of $100,000, repayments of
long-term notes of $233,342 and cash outflows from discontinued
operations of $54,735.

"Based on our current business plan, we anticipate that our
operating activities will use approximately $500,000 in cash per
month over the next twelve months, or $6 million.  Currently we do
not have enough cash on hand to fully implement our business plan,
and will require additional funds within the next year.  We believe
that our operations will not begin to generate significant cash
flows until the fourth quarter of 2018 when we expect to begin new
product contracts.  

"In order to remedy this liquidity deficiency, we are actively
seeking to raise additional funds through the sale of equity and
debt securities, and ultimately plan to generate substantial
positive operating cash flows.  Our internal sources of funds will
consist of cash flows from operations, but not until we begin to
realize substantial revenues from sales.  If we are unable to raise
additional funds in the near term, we may not be able to fully
implement our business plan, and it is unlikely that we will be
able to continue as a going concern," the Company stated in the
Quarterly Report.

A full-text copy of the Form 10-Q is available for free at:

                      https://is.gd/d1Kpuu

                  About BlackRidge Technology

Headquartered in Reno, Nevada, BlackRidge Technology, formerly
known as Grote Molen, Inc. -- http://www.blackridge.us/-- develops
and markets next generation cyber defense solutions that enables
its customers to deliver more secure and resilient business
services in today's rapidly evolving technology and cyber threat
environments.  The Company's network, server, and cloud security
products are based on its patented Transport Access Control
technology and are designed to isolate, cloak and protect servers
and cloud services from cyber-attacks and block unauthenticated
access.  BlackRidge products are used in enterprise and government
computing environments, the industrial Internet of Things (IoT),
commercial blockchains, and other cloud service provider and
network systems, military grade and patented network security
technology.

Blackridge Technology incurred a net loss of $15.34 million in 2017
compared to a net loss of $7.21 million in 2016.

Haynie & Company, in Salt Lake City, Utah, issued a "going concern"
qualification in its report on the consolidated financial
statements for the year ended Dec. 31, 2017, citing that the
Company has incurred losses since inception, has negative cash
flows from operations, and has negative working capital.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


BOYD GAMING: Egan-Jones Lowers Commercial Paper Ratings to B
------------------------------------------------------------
Egan-Jones Ratings Company, on August 7, 2018, downgraded the
foreign currency and local currency ratings on commercial paper
issued by Boyd Gaming Corporation to B from A3.

Boyd Gaming Corporation is an American gaming and hospitality
company based in Paradise, Nevada. The company continues to be run
by founder Sam Boyd's family under the management of Sam's son,
Bill Boyd (born 1931), who currently serves as the company's
executive chairman after retiring as CEO in January 2008.


BRIGHT MOUNTAIN: Needs More Time to Complete its Quarterly Report
-----------------------------------------------------------------
Bright Mountain Media, Inc. has notified the Securities and
Exchange Commission via a Form 12b-25 that it will be delayed in
filing its Quarterly Report on Form 10-Q for the period ended June
30, 2018.  The Company needs additional time to complete the
financial statements to be included in the Form 10-Q.

                      About Bright Mountain

Based in Boca Raton, Fla., Bright Mountain Media, Inc. --
http://www.brightmountainmedia.com/-- historically has operated as
a digital media holding company for online assets primarily
targeted to the military and public safety sectors.  The Company is
dedicated to providing "those that keep us safe" places to go
online where they can do everything from staying current on news
and events affecting them, look for jobs, share information,
communicate with the public, and purchase products.  In addition to
its corporate website, the Company owns and manages 24 websites
which are customized to provide its niche users, including active,
reserve and retired military, law enforcement, first responders and
other public safety employees with products, information and news
that the Company believes may be of interest to them.  Bright
Mountain also owns an ad network, Daily Engage Media, which was
acquired in September 2017.  The Company has placed a particular
emphasis on providing quality content on its websites to drive
traffic increases.  The Company's websites feature timely,
proprietary and aggregated content covering current events and a
variety of additional subjects targeted to the specific
demographics of the individual website.

Bright Mountain reported a net loss attributable to common
shareholders of $3.01 million on $3.68 million of total revenue for
the year ended Dec. 31, 2017, compared to a net loss attributable
to common shareholders of $2.94 million on $1.93 million of total
revenue for the year ended Dec. 31, 2016.  As of Dec. 31, 2017,
Bright Mountain had $3.71 million in total assets, $3.37 million in
total liabilities and $343,000 in total shareholders' equity.

The report from the Company's independent accounting firm Liggett &
Webb, P.A., in Boynton Beach, Florida, on the consolidated
financial statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the Company sustained a net loss
of $2,994,096 and used cash in operating activities of $1,732,618
for the year ended Dec. 31, 2017.  The Company had an accumulated
deficit of $11,818,902 at Dec. 31, 2017.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


CAMELOT UK: S&P Cuts Issuer Credit Rating to 'B', Outlook Stable
----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating to 'B' from
'B+' on U.S.-based intellectual property and scientific
information, analytical tools, and services provider Camelot UK
Holdco. The rating outlook is stable.

S&P said, "At the same time, we lowered our issue-level ratings on
Camelot's senior secured credit facility, which consists of a $175
million revolving credit facility due 2021 and a $1.53 billion term
loan due 2023, to 'B+', and $500 million senior unsecured notes due
2024 to 'CCC+'.

"The recovery rating for the senior secured credit facility remains
unchanged at '2', indicating our expectation for substantial
recovery (70%-90%; rounded estimate 70%), and '6' for the senior
unsecured notes, indicating our expectation for negligible recovery
(0%-10%; rounded estimate 0%) of principal and interest in the
event of a payment default.

"The downgrade reflects our view that S&P adjusted leverage will
remain high and exceed 7x beyond December 2018, with marginal free
operating cash flow (FOCF)-to-debt. It also reflects our slightly
less favorable view of Camelot's business, which has not generated
the level of organic revenue growth we expected since it was spun
off from its parent Thomson Reuters over two years ago. The slower
pace of organic revenue growth is despite Camelot's market leading
position in some of the niche industries it operates in (especially
the strong position of its Web of Science product) and the high
renewal rates across its product portfolio. Camelot's declining
transactional revenue and continued margin pressure due to the
carve-out from Thomson Reuters, initiated in October 2016, have
largely offset the growth in subscription recurring revenues and
are constraining the company's cash flow profile and deleveraging
prospects. Camelot's 12-month rolling S&P adjusted leverage was
above 9x as of June 2018, and we estimate the company will have
adjusted leverage around 8.0x by December 2018.In addition to S&P
Global Ratings' standard adjustments, our adjusted leverage
includes Thomson Reuters' allocation of corporate costs and
excludes certain nonrecurring costs. Camelot generates its revenue
primarily from proprietary databases with highly curated content.
The company's revenue model is primarily subscription-based, but
transactional revenues still account for about 20% of revenue and
present greater risk to the company's overall growth.

"The stable rating outlook on Camelot reflects our expectation that
the company's organic revenue will grow at a low-single-digit
percentage rate over the next 12 months. We expect cost reductions
and higher EBITDA margins will lead to improved cash flow and
higher debt repayment, beginning in the second half of 2019, with
adjusted FOCF-to-debt in the 3%-4% range and adjusted leverage
decreasing and remaining around 7.0x by the end of 2019. The
outlook also reflects our expectation that there won't be any
permanent deterioration in the company's profitability or cash flow
as a result of any delay or execution missteps in the carve-out.

"We could lower the issuer credit rating if the costs from
operating as a stand-alone entity are greater than expected,
leading to free cash flow generation not improving over the next 12
months and a worse liquidity profile. This could occur if
greater-than-expected challenges in the carve-out process lead to
unanticipated cost overruns associated with the migration of the
company's databases and IT infrastructure to new stand-alone
systems, or if an execution delay results in a longer-than-expected
use of duplicative legacy systems its former parent had supplied.

"We could raise the rating if the company is able to generate
FOCF-to-debt above 5% and reduces its lease-adjusted leverage to
below 6.0x on a sustained basis. This would likely require revenue
growth in the mid-single-digit range and EBITDA margins in the
mid-30%. A rating would also require a shift to a financial policy
that focuses on the company's private equity ownership directing
cash flow toward debt repayment."



CAPTAIN NEMOS: Sept. 17 Plan Confirmation Hearing
-------------------------------------------------
Judge Mark A. Randon of the U.S. Bankruptcy Court for the Eastern
District of Michigan issued an order granting preliminary approval
of the disclosure statement explaining Captain Nemos Subs and
Salads, L.L.C.'s plan of reorganization, and scheduled a hearing
for the consideration of the final approval of the Disclosure
Statement and the confirmation of the Plan on September 17, 2018,
at 11:00 A.M.

Ballots and objections to the Disclosure Statement and Plan
Confirmation are due on September 10, 2018.

As previously reported by The Troubled Company Reporter, Class III
under the plan consists of the Holders of Allowed Unsecured Claims
against Captain Nemos. The total estimated amount of the
non-Priority Unsecured Claims is $204,136.14 exclusive of
Deficiency Claims. Holders of Allowed Class III Claims will be paid
100% on such Claims. The Claimants of this Class will receive on
account of such Claim 60 equal monthly cash payments equal in the
aggregate, to the amount of each Allowed Claim. The first monthly
payment will be made on the Effective Date.

After the Effective Date of the Plan, the Reorganized Debtor will,
pursuant to the Plan, continue to operate consistent with its
operations prior to and after the Petition Date. It is anticipated
that Mr. Brett T. Manning who handles the operations of the
company, will be paid compensation of approximately $48,000 per
year. There are no fringe benefits expected to be paid.
Compensation may be increased as operations may allow.

A full-text copy of the Disclosure Statement is available at:

      http://bankrupt.com/misc/mieb18-41307-68.pdf  

                About Captain Nemos Subs

Captain Nemos Subs and Salads, LLC is a Michigan corporation that
owns several sub and salad shops in the Downriver area of
Southeast, Michigan.  It sells subs, salads, appetizers and other
food goods and drinks.  The business is located at 28801 Telegraph
Rd., Flat Rock, Michigan.

Captain Nemos Subs and Salads filed a Chapter 11 petition (Bankr.
E.D. Mich. Case No. 18-41307) on Feb. 1, 2018.  In the petition
signed by Brett T. Manning, managing member, the Debtor estimated
less than $50,000 in assets and $100,000 to $500,000 in
liabilities.  Judge Mark A. Randon presides over the case.  The
Debtor hired Gudeman & Associates, P.C., as its legal counsel.


CARLOS GARCIA: Court Waives $1,167 Fee for Reopening Ch. 11 Case
----------------------------------------------------------------
Having successfully completed five years of payments to creditors
under their confirmed chapter 11 plan, Carlos Garcia and Aury
Garcia filed a motion to reopen their "administratively closed"
case in order to obtain their bankruptcy discharges. They also
filed a motion seeking an order waiving the $1,167 fee to reopen
their case. The motions were unopposed. Upon review, Bankruptcy
Judge Melvin S. Hoffman granted the motions.

Fees in bankruptcy cases are governed by 28 U.S.C. section 1930.
The statute establishes a number of fees and authorizes the
Judicial Conference of the United States to prescribe additional
ones. Armed with its statutory mandate, the JCUS has promulgated
the Bankruptcy Court Miscellaneous Fee Schedule, which levies a fee
of $1,167 to file a motion to reopen a chapter 11 case. The Fee
Schedule also provides, however, that the court may waive the fee
under appropriate circumstances and that a reopening fee "must not
be charged" in certain instances, including when a party seeks to
reopen a case to file a complaint to determine the dischargeability
of a debt under Fed. R. Bankr. P. 4007, or when a debtor seeks to
reopen based upon a violation of the terms of her discharge.

In the context of individual debtor chapter 11 cases, the concept
of administrative closing appears to be a legal construct intended
to represent something qualitatively less final than statutory
closing. The term appears in our court's Official Local Form 19,
which is a form of plan confirmation order in individual debtor
cases.

Formal closing under Code section 350 and Fed. R. Bankr. P. 3022
and 5009 represents the denouement of the bankruptcy case. The case
is closed and is expected to remain closed. If, thereafter, the
case needs to be reopened, a fee would be appropriate. On the other
hand, this court administratively closes cases expecting they will
be reopened at a later time for entry of a discharge.  Such
faint-hearted closings are distinguishable from the climactic
events generally associated with statutory closings and thus
arguably should not require a reopening fee.

Finally, relieving individual chapter 11 debtors seeking a
discharge from paying a reopening fee is consistent with the goal
of administrative closure--to encourage maximum payments to
creditors. Freeing debtors from the burden of paying a reopening
fee upon successful completion of plan payments helps further that
goal.

Given the Fee Schedule's grant of discretion and its express
mandate to waive reopening fees when matters of discharge are
involved, as well as the qualitative difference in the district
between administrative and statutory closing, the Court finds that
waiving the reopening fee in this case (and similar cases) is
appropriate.

The bankruptcy case is in re: CARLOS AND AURY GARCIA, Chapter 11,
Debtors, Case No. 12-41403-MSH (Bankr. D. Mass.).

A full-text copy of the Court's Memorandum Decision dated July 20,
2018 is available at https://bit.ly/2P39o4O from Leagle.com.

Carlos E Garcia, Debtor, represented by Marques C Lipton, Parker &
Associates & Timothy M. Mauser, Law Office of Timothy Mauser, Esq.

Aury Y Garcia, Joint Debtor, represented by Marques C Lipton ,
Parker & Associates &Timothy M. Mauser , Law Office of Timothy
Mauser, Esq.

Richard T. King, Assistant U.S. Trustee, pro se.

Carlos Garcia filed for chapter 11 bankruptcy protection (Bankr. D.
Mass. Case No. 12-41403) on April 13, 2012.


CASCADE FAMILY: Taps Rountree & Leitman as Legal Counsel
--------------------------------------------------------
Cascade Family Skating, LLC, filed an amended application seeking
approval from the U.S. Bankruptcy Court for the Northern District
of Georgia to hire Rountree & Leitman, LLC as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; examine claims of creditors; assist in the
preparation of a plan of reorganization; and provide other legal
services related to its Chapter 11 case.

The firm charges these hourly rates:

     William Rountree     Attorney      $400
     Hal Leitman          Attorney      $270
     David Klein          Attorney      $300
     Samuel Holder        Law Clerk     $150
     Sharon Wenger        Paralegal     $120

Rountree & Leitman received a retainer in the sum of $19,960 from
the Debtor.

William Rountree, Esq., a partner at Rountree, disclosed in a court
filing that his firm has had no business and professional
connections with "parties-in-interest" or their attorneys and
accountants.

The firm can be reached through:

     William Anderson Rountree, Esq.
     Rountree & Leitman, LLC
     2800 North Druid Hills Road
     Building B, Suite 100
     Atlanta, GA 30329
     Tel: (404) 584-1244
     Fax: (404) 581-5038
     E-mail: wrountree@randllaw.com

                 About Cascade Family Skating

Cascade Family Skating LLC -- https://atlantafamilyfuncenters.com/
-- owns a family entertainment center that operates a roller
skating rink in Atlanta, Georgia.  

Cascade Family Skating sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 18-57159) on April 27,
2018.  In the petition signed by Gregory Alexander, president, the
Debtor estimated assets of $1 million to $10 million and
liabilities of $1 million to $10 million.  Judge Lisa Ritchey Craig
presides over the case.  The Debtor tapped Rountree & Leitman, LLC
as its legal counsel.


CASINO REINVESTMENT: S&P Alters Outlook on 2005A/B Bonds to Pos.
----------------------------------------------------------------
S&P Global Ratings revised its outlook on the Casino Reinvestment
Development Authority (CRDA), N.J., series 2005A (tax-exempt) and
2005B (taxable) parking fee revenue bonds to positive from stable.
At the same time, S&P Global Ratings affirmed its 'BB' rating on
the bonds.

The bonds are secured by $2.50 out of a $3.00 statutory parking fee
collected at 12 casinos in Atlantic City, eight of which remain
open, as well as a $1.00 casino contractual fee collected at 11 of
the original 12 casinos.

The rating reflects what S&P's view as the following credit
weaknesses:

-- Pledged revenue is generated primarily from a narrow base of a
limited number of parking lots connected to certain casino hotels,
which is subject to potential volatility due to the discretionary
nature of visitor traffic;

-- Debt service coverage is slim following previous declines in
pledged revenue after closure of four of 12 casino hotels in 2014,
and the closure of the Trump Taj Mahal in October 2016;

-- Increased competition from casino openings in neighboring
states, especially Pennsylvania, which has weakened Atlantic City
casinos' gross revenue performance and made the city less
attractive as a gaming destination; and

-- The fixed rate nature of the pledged parking fees and other
pledged taxes, which the authority cannot raise.

These weaknesses are somewhat offset, in S&P's opinion, by:

-- Debt service coverage that is anticipated to remain slightly
above 1x, and is likely to increase in 2020 when annual debt
service begins to decline.

-- Annual debt service coverage was 1.06x in 2017, following 1.14x
coverage in 2016, and 1.15x in 2015;

-- A short seven- year remaining maturity schedule, combined with
a fully funded debt service reserve that could cushion potential
declines to below 1x annual debt service coverage before then;
and

-- Efforts by the state, local government agencies, and the CRDA
to diversify Atlantic City's economy and stabilize the revenue
base.

"We base the positive outlook on favorable prospects for annual
debt service coverage remaining above 1x through the short
seven-year remaining maturity of the bonds as a result of the
recent re-opening of the former Taj Mahal Casino as the Hard Rock
Hotel and Casino," said S&P Global Ratings credit analyst David
Hitchcock. "The outlook is also based on a decline in annual debt
service beginning in fiscal 2020, balanced against the release of
an investment alternative tax as a pledged revenue in 2019," Mr.
Hitchcock added.

S&P said, "We believe there is at least a one-in-three chance we
could raise the rating over our two-year outlook horizon once
full-year results from the Hard Rock Hotel and Casino are
tabulated, which could demonstrate sustained higher levels of debt
service coverage in 2020 and beyond, absent any other casino
closures.  If debt service coverage remains above 1x in 2019, with
prospects for future years' coverage improvement as annual debt
service declines, we could take a positive ration action during our
two-year outlook horizon. However, should coverage temporarily dip
below 1x following the roll off of the IAT revenue in 2019, or if
new revenue from the Hard Rock Hotel and Casino is not as high as
projected, we could lower the rating or revise the outlook. We
could also take negative rating action should another casino that
contributes pledged revenue close."



CBAK ENERGY: Delays Second Quarter Financial Report
---------------------------------------------------
CBAK Energy Technology, Inc., notified the Securities and Exchange
Commission via a Form 12b-25 that it will be delayed in filing its
Quarterly Report on Form 10-Q for the period ended June 30, 2018.
The Company has not finalized its financial statements for the said
quarter and, as a result, it was unable to file its Form 10-Q
within the prescribed time period without unreasonable effort or
expense.  The Company anticipates that it will file the Form 10-Q
within the five-day grace period provided by Exchange Act Rule
12b-25.

                      About CBAK Energy

Dalian, China-based CBAK Energy Technology, Inc., formerly China
BAK Battery,  Inc. -- http://www.cbak.com.cn/-- is engaged in the
business of developing, manufacturing and selling new energy high
power lithium batteries, which are mainly used in the following
applications: electric vehicles; light electric vehicles; and
electric tools, energy storage, uninterruptible power supply, and
other high power applications.

CBAK Energy reported a net loss of US$21.46 million in 2017
compared to a net loss of US$12.65 million for the year ended Sept.
30, 2016.  The Company reported a net loss of US$2.19 million for
the three months ended Dec. 31, 2016.  As of Dec. 31, 2017, CBAK
Energy had US$153.13 million in total assets, US$150.93 million in
total liabilities and US$2.19 million in total shareholders'
equity.

As of March 31, 2018, CBAK Energy had US$148.80 million in total
assets, US$148.95 million in total liabilities, and a total
shareholders' deficit of US$152,826.

Centurion ZD CPA Limited, in Hong Kong, China, the Company's
auditor since 2016, issued a "going concern" opinion in its report
on the consolidated financial statements for the year ended Dec.
31, 2017 stating that the Company has a working capital deficiency,
accumulated deficit from recurring net losses and significant
short-term debt obligations maturing in less than one year as of
Dec. 31, 2017.  All these factors raise substantial doubt about its
ability to continue as a going concern.


CDRH PARENT: S&P Affirms 'B-' Issuer Credit Rating, Outlook Neg.
----------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on CDRH
Parent Inc. The outlook remains negative.

S&P said, "In addition, we affirmed our 'B-' issue-level rating on
the company's secured debt. Our recovery rating on this debt
remains '3', indicating our expectation of average (50%-70%;
rounded estimate: 50%) recovery for lenders in the event of payment
default.

"We also affirmed our 'CCC' issue-level rating on the company's
senior secured second-lien term loan. Our recovery rating on this
debt remains '6', indicating our expectation of negligible (0%-10%;
rounded estimate: 0%) recovery for lenders in the event of payment
default.

"The rating affirmation on CDRH reflects our belief that despite
continuing operational pressures facing the company, its cash flow
and cash balance enable management to continue to improve
operations. CDRH has experienced three consecutive quarters of
margin expansion, though it continues to suffer from revenue
decreases primarily due to lower HBO treatments and center count,
partially offset by an increase in new patient volumes in other
wound care modalities.

"Our negative outlook reflect our view that while we expect the
company to stabilize EBITDA and achieve improvement, which in turn
will enable them to refinance 70% of its capital structure due in
2021, we continue to have uncertainty in the company's ability to
transition contracts, open new centers, and stabilize EBITDA and
cash flow generation."



CHEERVIEW ENTERPRISES: 3rd Amended Disclosures OK'd; Plan Rejected
------------------------------------------------------------------
Bankruptcy Judge Phillip J. Shefferly granted final approval of
Cheerview Enterprises, Inc.'s third amended disclosure statement
but denied confirmation of the reorganization plan. Stockbridge
Acquisitions, LLC's motion for relief from the automatic stay is
granted.

The Court finds that the Disclosure Statement contains an extended
discussion of the RPF Oil Company Agreements and the Waverly Lease,
both of which are attached in their entirety to the Disclosure
Statement. The Disclosure Statement also contains an extended
discussion of the only two principals of Cheerview and Waverly,
Berro and Ouza, and includes the 2016 financial statement and tax
return for Mikey's, the entity that operated the gas station and
convenience store during 2016, the only full year of operations
after Berro acquired Cheerview. It is true that the Disclosure
Statement does not say much about Waverly, but it does not seem
that there is much to tell since Waverly is a brand new corporation
with no prior experience or operations to discuss.

The Court rejects Stockbridge's objection to the adequacy of the
information contained in the Disclosure Statement. The Court finds
that the information contained in the Disclosure Statement is
adequate under section 1125(a)(1) to enable a hypothetical investor
to make an informed judgment about the Plan, given the size and
complexity of this case, the cost of additional information and the
absence of any benefit to creditors by requiring additional
information.

The Court, however, finds that Cheerview did not meet its burden to
prove that the Plan is feasible. The plan does not meet the
requirement of section 1129(a)(11). Feasibility does not demand
that a debtor guarantee that every payment under a plan of
reorganization will be made in the future. But there must be some
evidence of objective facts to show that all plan payments are
likely to be made. Cheerview's conclusory assumption that all
income and expense line items for the first five years will
continue to remain constant for the next 15 years is not enough to
show that it is more likely than not that Cheerview will pay
$403,000 to Stockbridge on a mortgage secured by Property worth
only $250,000.

In addition, there is a second reason why confirmation of the Plan
cannot be granted under section 1129(b) even if the Court had found
the Plan to be feasible under section 1129(a)(11). In this case,
there are three non-accepting impaired classes of claims: secured
claims in Classes 1 and 2 and unsecured claims in Class 4.
Stockbridge and U.S. Oil argue that, in addition to all of the
other reasons why confirmation of the Plan must be denied, the Plan
is not fair and equitable with respect to Class 4 unsecured claims,
as required for a cram down under section 1129(b)(2)(B). To confirm
over an impaired, non-accepting class of unsecured claims, section
1129(b)(2)(B) requires that the plan either provide each holder of
a claim within that class with value equal to the allowed amount of
their claim, or provide that "the holder of any claim or interest
that is junior to the claims of such class will not receive or
retain under the plan on account of such junior claim or interest
any property." Section 1129(b)(2)(B) embodies the absolute priority
rule. In everyday language, it means that if a class of unsecured
claims does not accept the plan, the plan must either pay those
claims in full, or wipe out any class of claims or interests that
is junior to that class.

The Court, therefore, finds that the Plan cannot be confirmed over
the non-acceptance of unsecured Class 4 claims because it violates
the absolute priority rule of section 1129(b)(2)(B).

Stockbridge's motion for stay relief argues that cause exists under
section 362(d)(1) because Cheerview is not currently operating a
business at the Lansing, Michigan Property, leaving it unoccupied
and subject to deterioration, which will adversely affect the value
of the Property, and Cheerview is not making any adequate
protection payments to Stockbridge. The Court finds that those
facts, in combination with the Court's decision to deny
confirmation of the Plan, constitute cause for relief from the
automatic stay.

The bankruptcy case is in re: In re: Cheerview Enterprises, Inc.,
Chapter 11, Debtor, Case No. 17-56162 (Bankr. E.D. Mich.).

A full-text copy of the Court's Opinion dated July 19, 2018 is
available at https://bit.ly/2vTdUtL from Leagle.com.

Cheerview Enterprises, Inc., Debtor In Possession, represented by
Robert N. Bassel.

              About Cheerview Enterprises, Inc.

Cheerview Enterprises, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Mich. Case No. 16-56162) on November 21, 2017,
disclosing under $1 million in both assets and liabilities. The
Debtor is represented by Robert N. Bassel, Esq.


CHICAGO EDUCATION BOARD: Moody's Affirms IDR, Alters Outlook to Pos
-------------------------------------------------------------------
Fitch Ratings has affirmed the following 'BB-' ratings for the
Chicago Board of Education, IL (CBOE):

  -- Long-Term Issuer Default Rating (IDR);

  -- Approximately $7 billion of outstanding ULTGO bonds.

The Rating Outlook is revised to Positive from Stable.

SECURITY

The general obligation bonds are unlimited tax general obligations
of the CBOE payable from dedicated CBOE revenues in the first
instance and also payable from unlimited ad valorem taxes levied
against all taxable property in the city of Chicago.

ANALYTICAL CONCLUSION

The 'BB-' IDR and ULTGO rating reflect the history of structurally
imbalanced financial operations driven by a strained revenue
environment and growing pension pressures that resulted in an
accumulated general fund deficit. The Outlook revision to Positive
from Stable reflects CBOE's progress towards structural balance as
evidenced by the inclusion of improved school funding in the
state's fiscal 2018 and 2019 budgets, the projected restoration of
positive reserves in fiscal 2018, and an improved liquidity
position leading to lower levels of cash flow borrowing.

The district is receiving significantly more ongoing state aid,
both for operations and for pension expenses, under the new state
funding framework enacted in 2018 than it was under the previous
framework. Importantly, the bulk of state funding to the district
is now determined as part of overall funding decisions for schools
statewide, rather than being considered separately. The higher
funding level associated with the new funding framework is ongoing
under current law, and the risk of funding declines will be largely
tied to state-wide funding levels, mitigating the risk of funding
cuts targeted to CBOE. Financial pressures will remain, but the
additional funding and revised funding framework should improve the
amount, timing and potential volatility of state aid to Chicago
Public Schools (CPS) and allow for reversal of the previous
downward trajectory.

Economic Resource Base

Chicago acts as the economic engine for the Midwestern region of
the U.S. The city's residents are afforded abundant employment
opportunities within this deep and diverse regional economy. The
city also benefits from an extensive infrastructure network,
including a vast rail system, which supports continued growth. The
employment base is represented by all major sectors with
concentrations in the wholesale trade, professional and business
services and financial sectors. Socioeconomic indicators are mixed
as is typical for an urbanized area, with above average educational
attainment levels, above average per capita income and elevated
individual poverty rates. Population trends are flat, and
enrollment is declining.

KEY RATING DRIVERS

Revenue Framework: 'bbb'

Fitch expects natural revenue growth, absent new revenue action, to
keep pace with inflation, given expectations for property tax
growth and relatively flat state aid growth following the increases
associated with the new funding formula. CPS has no independent
legal ability to raise revenues.

Expenditure Framework: 'bbb'

Fitch expects the natural pace of expenditure growth to exceed that
of revenues, necessitating ongoing budget management. CPS has made
significant cuts in recent years, and Fitch believes that the
practical ability to cut spending throughout the economic cycle is
limited.

Long-Term Liability Burden: 'a'

The long-term liability burden is elevated, but still in the
moderate range, relative to the resource base.

Operating Performance: 'bb'

The district's accumulated general fund deficit resulted from years
of structurally imbalanced operations. Fitch expects budgetary
balance to improve over time, given expected gains under the new
state funding formula. The new formula should also improve cash
flow timing and liquidity from current very weak levels.

RATING SENSITIVITIES
Structural Balance: Demonstrated progress toward structural balance
and achievement of targeted fiscal 2019 reserve levels could result
in a rating upgrade. Conversely, failure to achieve targeted
reserve levels could result in a return of the Outlook to Stable.

Liquidity Pressure: Liquidity remains narrow, albeit improved under
the new school funding structure, and the district remains
dependent upon external cash flow borrowing. The rating assumes
continued market access for necessary liquidity lines.

CREDIT PROFILE

The Chicago Board of Education provides preK-12 education to over
370,000 students within the city of Chicago. Its taxing
jurisdiction is coterminous with the city of Chicago. CPS manages
the school system, which is composed of 661 school facilities.

CPS relies on state funding for a significant amount of support. In
2018, the state legislature passed a new 'evidenced-based funding
model' for schools. CPS is now receiving a materially increased
amount of state support relative to prior years and should benefit
from a hold-harmless provision that protects the district from
demographic-related cuts in state aid. The hold-harmless provision
should be particularly beneficial given the trend of declining
enrollment.

Illinois (IDR of BBB/Negative) is a large, wealthy state with a
diverse economy centered on the Chicago metropolitan area. The
'BBB' IDR and GO bond rating reflect an ongoing pattern of weak
operating performance and irresolute fiscal decision making that
has produced a credit position well below the level that the
state's solid economic base and still substantial independent legal
ability to control its budget would support. The closer alignment
of current revenues and current spending in the fiscal 2018 budget
with passage of a permanent tax increase was a positive step.
Negatively, structural balancing actions on the expenditure side
were limited and the fiscal 2019 budget maintained a reliance on
one-time measures.

The Negative Outlook on the state's rating reflects Fitch's
assessment that Illinois' fiscal pressures may accelerate in the
near term as the fiscal 2019 budget entails significant
implementation risk and uncertainties remain regarding ongoing
fiscal management and decision making, particularly given the
contentious political environment in the state. In Fitch's opinion,
the state will be challenged to rebuild its financial resilience
given the persistence of a sizeable accounts payable backlog; the
state's practice of delaying payments in response to budget
imbalance has negatively affected liquidity for recipients of state
funds, including CPS. Fitch expects natural growth in state
revenues to be slow.

Revenue Framework

Property taxes provided 51% and state aid 25% of general fund
revenues in fiscal 2017, but the new state funding formula should
increase the share of support derived from state aid beginning in
fiscal 2018.

Growth prospects for revenues are slow, absent policy action.
Revenues were budgeted to rise significantly in fiscal 2017, as the
result of both local and state policy action, but actual results
fell short, particularly with respect to state aid. The effect of
the new funding formula should become apparent in fiscal 2018
operating results. Projected fiscal 2018 results are about $626
million (12%) ahead of fiscal 2017 actuals. Following that large
jump in base funding levels, Fitch anticipates subsequent years'
revenue growth will be about the level of inflation, taking into
account property tax revenue trends and expectations of relatively
flat state aid over time.

Newer sources of revenue dedicated to pension expenses include a
$250 million property tax levy effective fiscal 2017 and $154
million in new property taxes effective fiscal 2018, neither of
which is constrained by the Property Tax Extension Limitation Law
(PTELL).

Independent legal ability to raise revenues is limited, like many
school districts in the U.S. Annual growth in the property tax levy
for operations is limited by PTELL to the lesser of 5% or the rate
of inflation.

Expenditure Framework
The district devoted 54% of fiscal 2017 general fund spending to
instruction, 27% to support services, and 13% to pensions.

Fitch expects the natural pace of spending growth to be above
natural revenue growth, given rising pension contributions and
assumed wage increases. Management has actively managed expenditure
growth, with a series of substantial cuts over the past several
years including administrative cutbacks, school closures and
layoffs. The new dedicated revenue stream for pensions, combined
with the state's taking responsibility for the normal cost for
pensions ($221 million) should reduce the degree to which required
pension payments compete for operating dollars over time.

CPS's practical ability to make future expenditure cuts is limited,
in Fitch's opinion, with cuts likely to meaningfully but not
critically reduce core services at times of economic downturn. Such
cuts could include those for programs and labor costs. A moratorium
on school closings expired at the end of fiscal 2018, which may
present an opportunity for efficiencies.

Fixed carrying costs for debt service and actuarially-determined
pension contributions are currently sizable at 22% of governmental
spending in fiscal 2017; however, Fitch's supplemental pension
metric, which estimates the annual pension cost based on a level
dollar payment for 20 years with a 5% interest rate, indicates that
carrying costs are vulnerable to significant future increases. For
more information, see "Revised Pension Risk Measurements (Enhancing
Pension Analysis in U.S. Public Finance Tax-Supported Rating
Criteria)" dated May 31, 2017.

Long-Term Liability Burden
The long-term liability burden is elevated but still moderate
relative to the resource base. The adjusted net pension liability
plus overall debt represents about 25% of personal income.
Overlapping debt accounts for 35% of the long-term liability
burden, with net pension liability representing 43% and direct debt
approximately 22%. Amortization of direct debt is slow with 25% of
debt scheduled for retirement in 10 years. Identified future
borrowing needs over the near to medium term are moderate but may
exceed the amount amortized. Nevertheless, Fitch anticipates that
the long-term liability burden will remain solidly within the 'a'
category.

Pension benefits for teachers are provided through the Public
School Teachers' Pension and Retirement Fund of Chicago (CTPF), a
cost-sharing multi-employer defined benefit plan in which CPS is
the major contributor. Under GASB 68 reporting, the plan reported a
47% asset to liability ratio as of June 30, 2017. Fitch estimates
the ratio to be lower at about 39% when adjusted to reflect a 6%
return assumption. The weak ratios stem from several years of
pension payment holidays and poor investment returns. The district
dramatically increased pension funding in fiscal 2014 to comply
with a state law requiring payments sufficient to reach a 90%
funding level by 2059. Fitch expects pensions to continue to be a
pressure, particularly given the longer than typical amortization
period.

Pension benefits for other personnel are provided through the
Municipal Employees' Annuity and Benefit Fund of Chicago (MEABF), a
cost-sharing multi-employer defined benefit plan whose major
contributor is the city of Chicago. CPS does not directly
contribute to the plan and has no liability for it.

The other post-employment benefits (OPEB) liability is limited.

Operating Performance

Financial resilience is weak as CPS lacks a reserve cushion and
would be challenged by even a moderate economic downturn. However,
prospects for restoration of operating balance and reserves have
improved with the new state funding framework and CPS is projecting
the restoration of unrestricted reserves for fiscal 2018. As noted,
the school funding legislation passed by the state legislature last
year included an evidence-based funding model for schools
state-wide that improves the amount, timing and potential
volatility of state aid to CPS.

The new law is benefitting CPS in several ways. It provided $314
million in additional state funding in fiscal 2018, including $221
million for state assumption of the normal cost for pensions, $70
million in new formula funding, and $23 million in early childhood
and other funding. It also included authorization for an additional
$130 million property tax levy for pensions, which, unlike the
operating levy, will not be subject to PTELL restrictions.

The new fiscal 2018 revenues were in addition to the additional
funding procured in fiscal 2017, including a $250 million pension
levy, which also is not subject to PTELL restrictions, and $204
million in additional state aid, which was included in the base
funding level for the evidence-based funding model going forward.
The new formula also delivers more of CPS's aid in the form of
general state aid, rather than categorical block grants. This is
favorable to CPS as block grants are scheduled for disbursement
less frequently than general state aid and were greatly delayed
during the state budget impasse, contributing to CPS's financial
distress. The new funding formula also includes a hold harmless
clause which should protect CPS from state aid declines based on
demographic factors (enrollment declines, improved poverty rate,
etc.) and therefore reduce potential revenue volatility in the
future.

Much of the historical structural imbalance stems from the lack of
actuarial funding of pensions, including state-authorized reduced
pension payments during the great recession. The subsequent
resumption of full payments and shift in fiscal 2014 from statutory
to actuarially-based pension payments presented a dramatic rise in
spending without a corresponding revenue increase until recently.
Budgets prior to fiscal 2018 also relied upon unsustainable
practices including appropriated reserves, scoop and toss
restructurings for budgetary relief, optimistic budgeting of
revenues and lengthening the accrual period for property tax
collections.

A series of large consecutive operating deficits through fiscal
2017 underscored CPS's structural budgetary imbalance and eroded
its financial reserves. Reserves were completely exhausted in
fiscal 2016. In fiscal 2017, the accumulated general fund deficit
deepened to $275 million (5% of spending) or $355 million (7%) on
an unrestricted basis. The amended fiscal 2018 budget reflected the
effects of the new state funding framework, which may allow payment
of delayed block grants, $55 million of which are still
outstanding. It targeted a positive ending general fund balance of
$29 million, or less than 1% of spending. Projected results
indicate general fund balance will rise to a positive $246 million,
which could increase to $300 million if backlogged state grants are
paid during the accrual period. If achieved, such a cushion would
represent a material improvement over past performance but would
still provide only limited gap-closing capacity in a downturn or
other unexpected operating, funding or liquidity stress.

The fiscal 2019 budget represents a 5% increase over fiscal 2018
and includes increases for new educational spending, wage
increases, healthcare costs, and higher pension contributions, some
of which is related to lowering the discount rate from 7.75% to
7.25%. The budget also assumes a reduced amount of federal and
Medicaid revenue as well as the lowest amount of TIF revenue in the
past four years. The district anticipates it will likely meet its
fund balance target of $237 million (5% of spending) at fiscal 2019
year-end.

Liquidity has been extremely weak, with nine days of cash on hand
at the end of fiscal 2017. CPS's general fund cash position
declined dramatically from $1.1 billion at the close of fiscal 2013
to $57 million at the end of fiscal 2016 and rebounded slightly to
$161 million in fiscal 2017. Fiscal 2018 cash flows show improved
liquidity provided by new revenue sources and the improved amount
and timing of state aid, with the maximum draw on the cash flow
line of credit falling to $1.094 billion in fiscal 2018 from $1.55
billion in fiscal 2017. The maximum expected draw for fiscal 2019
is projected to be a further improved but still high $994 million.
Notably, CPS has demonstrated consistent access to liquidity lines,
even during periods of fiscal stress.


CITATION NORTHSTAR: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Citation Northstar Center, LLC
        10446 N. 74th Street, Suite 200
        Scottsdale, AZ 85258

Business Description: Citation Northstar Center, LLC is engaged in

                      activities related to real estate.  Its
                      principal assets are located at Northstar
                      Center Subdivision-SEC State Highway
                      2 & 57th St. NW Williston, ND 58801.

Chapter 11 Petition Date: August 14, 2018

Case No.: 18-09753

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Hon. Brenda K. Martin

Debtor's Counsel: Thomas H. Allen, Esq.
                  ALLEN BARNES & JONES, PLC
                  1850 N. Central Ave., #1150
                  Phoenix, AZ 85004
                  Tel: 602-256-6000
                  Fax: 602-252-4712
                  E-mail: tallen@allenbarneslaw.com

Estimated Assets: $50 million to $100 million

Estimated Liabilities: $50 million to $100 million

The petition was signed by Larry Miller, manager of Citation
Communities Management LLC, manager of Citation Northstar Center,
LLC.

The Debtor failed to include in the petition a list of its 20
largest unsecured creditors.

A full-text copy of the petition is available for free at:

             http://bankrupt.com/misc/azb18-09753.pdf


CJA ENERGY: XP Transport Buying 1998 Kenworth W-900 Truck for $31K
------------------------------------------------------------------
CJA Energy Consulting, LLC, asks the U.S. Bankruptcy Court for the
Western District of Pennsylvania to authorize the sale of a 1998
Kenworth W-900 truck to XP Transport, LLC, for $31,000.

Among the Debtor's assets is the vehicle.  The title to the vehicle
is encumbered by a lien held by Direct Capital, a Division of CIT
Bank, N.A.  Pursuant to the Proof of Claim filed by Direct Capital
and a recent payoff obtained by the Debtor, the amount due and
owing to Direct Capital with respect to the vehicle loan is
$26,468.  Other than the lien of Direct Capital, there are no other
known liens or encumbrances on the vehicle.

The Debtor has agreed to sell and the Buyer has agreed to purchase
the vehicle free and clear of liens and encumbrances.  The purchase
price for the 1998 Kenworth W-900 truck is $31,000.  The sale is an
arms'-length transaction in as much as the Debtor has no prior
relationship with the Buyer.

Said sale will be a benefit to the bankruptcy estate as it will
prevent the vehicle from being sold at auction and will reduce the
overall amount of estate debt.  Based on comparable sales and the
Debtor's knowledge of the industry, the Debtor believes that this
is a fair price for the vehicle being sold.

A copy of the Motor Vehicle Bill of Sale attached to the Motion is
available for free at:

      http://bankrupt.com/misc/CJA_Energy_82_Sales.pdf

                  About CJA Energy Consulting

CJA Energy Consulting, LLC, is a single member LLC that does
business as a trucking company. The company filed for Chapter 11
protection on March 13, 2018 (Bankr. W.D. Penn. Case No. 08-70168).
The company is represented by Christopher M. Frye, Esq., at Steidl
& Steinberg, P.C.


COGENT COMMUNICATIONS: Moody's Rates $70MM Add-on Sec. Notes Ba3
----------------------------------------------------------------
Moody's Investors Service has assigned a Ba3 rating to Cogent
Communications Group, Inc.'s announced $70 million add-on of senior
secured notes due 2022. The net proceeds from this offering will be
used for general corporate purposes and/or the repurchase of
Cogent's common stock or for special or recurring dividends to its
stockholders.

Assignments:

Issuer: Cogent Communications Group, Inc.

Gtd Senior Secured Regular Bond/Debenture, Assigned Ba3 (LGD2)

RATINGS RATIONALE

Pro forma for the transaction, Moody's expects leverage (including
Moody's adjustments) for the latest 12 months ending June 30, 2018
to be about 5.0x. Moody's expects leverage to fall towards 4.5x by
year end 2018 supported by strong revenue growth and margin
expansion.

The stable outlook is based on Moody's view that while Cogent's
earnings and cash flow will continue to grow, equity stakeholder
returns -- in the form of dividends and share buybacks -- will
increase in tandem. Moody's expects the company will maintain
sufficient liquidity while debt levels remain relatively constant.
Cogent's low cost structure and niche sales approach, in
conjunction with its aggressive equity stakeholder return policy,
will prevent the company from generating meaningful positive free
cash flow for the near future.

Moody's could upgrade Cogent's ratings if leverage is sustained
below 4.0x (including Moody's adjustments), and if free cash flow
is positive. Moody's could downgrade Cogent's ratings if leverage
is sustained above 5.0x (including Moody's adjustments), or
liquidity weakens or fails to improve, especially without a
revolving credit facility as a stopgap.


COMMUNITY CHOICE: Incurs $12.2 Million Net Loss in Second Quarter
-----------------------------------------------------------------
Community Choice Financial Inc. has filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting a
net loss of $12.24 million on $81.32 million of total revenues for
the three months ended June 30, 2018, compared to a net loss of
$18.21 million on $81.16 million of total revenues for the same
period last year.

For the six months ended June 30, 2018, the Company reported a net
loss of $15.93 million on $168.97 million of total revenues
compared to a net loss of $26.57 million on $166.52 million of
total revenues for the six months ended June 30, 2017.

As of June 30, 2018, the Company had $186.48 million in total
assets, $407.56 million in total liabilities and a total
stockholders' deficit of $221.08 million.

The Company's indebtedness includes $237,290,000 of senior notes,
$47,000,000 of revolving credit facility debt, and $60,000,000 in
subsidiary notes that are due in the second quarter of 2019.

"The Company's expected cash position will not be sufficient to
repay this indebtedness as it becomes due and the Company will need
to restructure or refinance this indebtedness and there can be no
assurances as to the ability of the Company to conclude such a
restructuring or refinancing.  These factors raise substantial
doubt regarding the Company's ability to meet its obligations and
continue as a going concern for the period which extends one-year
from the issuance of these financial statements.

"While the Company is currently engaged in negotiations with its
largest bondholders, the success of such negotiations cannot be
assured.  Any inability to reach an agreement with existing debt
holders, secure sufficient refinancing sources for our pending debt
maturities and/or our inability to continue as a going concern
could have a significant and material adverse effect on the
Company, its operations and its investors and, in particular, could
significantly impair recoveries by our current bondholders.  It is
unlikely that the Company's assets, in any event, would be
sufficient to satisfy its current debt obligations," the Company
stated in the Quarterly Report.

A full-text copy of the Form 10-Q is available for free at:

                      https://is.gd/kIJviD

               About Community Choice Financial

Dublin, Ohio-based Community Choice Financial Inc. --
http://www.ccfi.com/-- is a retailer of financial services to
unbanked and underbanked consumers through a network of 476 retail
storefronts across 12 states and are licensed to deliver similar
financial services over the internet in 30 states.  CCFI focuses on
providing consumers with a wide range of convenient financial
products and services to help them manage their day-to-day
financial needs including consumer loans, check cashing, prepaid
debit cards, money transfers, bill payments, and money orders.

Community Choice incurred a net loss of $180.9 million in 2017,
compared to a net loss of $1.54 million in 2016.  As of Dec. 31,
2017, Community Choice had $212.40 million in total assets, $417.6
million in total liabilities and a total stockholders' deficit of
$205.2 million.

                           *    *    *

As reported by the TCR on April 19, 2018, S&P Global Ratings said
it lowered its issuer credit rating on Community Choice Financial
to 'CC' from 'CCC'.  The outlook is negative.  "The downgrade
follows the company's amended revolver and subsidiary note payable
on March 30, 2018 -- both of which require CCFI to make a proposal
to restructure its senior secured notes, which, if completed, we
would likely view as a selective default."

In February 2016, Moody's Investors Service affirmed Community
Choice's 'Caa1' corporate family rating.  Moody's affirmation of
Community Choice's ratings reflects the company's meaningfully
reduced leverage as a result of its recently announced debt
repurchases at a substantial discount.


CONFLUENCE ENERGY: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Confluence Energy, LLC
        P.O. Box 126
        Walden, CO 80480

Business Description: Confluence Energy, LLC, is a wood pellet
                      manufacturer for residential and commercial
                      heating use.  Founded in 2008, the Company
                      provides multiple types of products using
                      biomass materials for a variety of purposes:
                      oil field waste treatment and water
                      recycling, automotive maintenance and repair
                      operations, equestrian, domestic farm and
                      other pet bedding, cat litter and still,
                      wood pellets for heating.  The Company is
                      headquartered in Kremmling, Colorado.

Chapter 11 Petition Date: August 14, 2018

Case No.: 18-17090

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Judge: Hon. Elizabeth E. Brown

Debtor's Counsel: Aaron A. Garber, Esq.
                  BUECHLER & GARBER, LLC
                  999 18th St., Ste. 1230 S.
                  Denver, CO 80202
                  Tel: 720-381-0045
                  Fax: 720-381-0382
                  E-mail: Aaron@bandglawoffice.com

Total Assets: $11,204,345

Total Liabilities: $14,949,092

The petition was signed by Mark Mathis, managing member.

A full-text copy of the petition is available for free at:

            http://bankrupt.com/misc/cob18-17090.pdf

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
3xM Grinding & Compost                Trade Debt         $27,140

Dansons Incorporated                  Trade Debt         $23,839

Direct Plaistics, LLC                 Trade Debt         $70,125

Dorssers, Inc.                        Trade Debt         $52,562

EKS & H                               Trade Debt         $34,415

Forest Concepts LLC                   Trade Debt         $65,000

Grand County Treasurer                Trade Debt         $51,437

Jackson County                        Trade Debt         $46,176

Jacobs                                Trade Debt         $60,492

Kelly Johnson, Inc.                   Trade debt         $70,880

Mountain Parks                        Trade Debt        $101,720
Electric, Inc.

Nuveen Municipal                     Mezzanine Note     $679,000
High Income
Opportunity
Nuveen High Yield
Municipal Bond Fund
Nuveen Enhanced
Municipal Value Fund
3393 W. Wacker Drive
Northbrook, IL 60062

OurPet's Company                   Pre-paid Credits      $22,612

Outlook Enterprises, LLC              Trade Debt         $41,115

Polar Logging, Inc.                   Trade Debt         $75,768

PT Brokers                            Trade Debt         $19,720

Saratoga Forest                       Trade Debt         $76,637
Management, LLC

Tervita LLC                           Trade Debt        $417,093
PO Box 840730
Dallas, TX 75284

Tri-Cor                               Trade Debt        $120,898

US Bank, NA as                        Substantially   $1,644,103
Indenture Trustee                       All of the
950 17th Street,                     Debtor's Assets
Suite 1200
Denver, CO 80202


COWPUNCHER INVESTMENTS: Taps Ahlschwede as Special Counsel
----------------------------------------------------------
Cowpuncher Investments, LLC, seeks approval from the U.S.
Bankruptcy Court for the Western District of Texas to hire
Ahlschwede & Spaeth, PC as special counsel.

The firm will represent the Debtor in adversary proceedings related
to its Chapter 11 case.

Allen Ahlschwede, Esq., the attorney who will be providing the
services, will charge an hourly fee of $250.  Legal assistants will
charge $50 per hour.

Mr. Ahlschwede disclosed in a court filing that he neither holds
nor represents any interest adverse to the Debtor and its estate.

The firm can be reached through:

     Allen J. Ahlschwede, Esq.
     Ahlschwede & Spaeth, PC
     P.O. Box 46-522 Main
     Junction, TX 76849
     Tel: 325-446-9425
     Fax: 325-446-9427
     Email: aja@ahlschwedelaw.com

                 About Cowpuncher Investments

Cowpuncher Investments, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Tex. Case No. 18-10899) on July 8,
2018.  In the petition signed by Reese Kerr, manager, the Debtor
estimated assets of less than $100,000 and liabilities of less than
$500,000.


COWPUNCHER INVESTMENTS: Taps Smeberg Law Firm as Legal Counsel
--------------------------------------------------------------
Cowpuncher Investments, LLC, seeks approval from the U.S.
Bankruptcy Court for the Western District of Texas to hire Smeberg
Law Firm, PLLC, as its legal counsel.

The firm will assist the Debtor in the plan process; represent the
Debtor in adversary litigation; and provide other legal services
related to its Chapter 11 case.

The firm charges these hourly rates:

     Ronald Smeberg                  $300
     Associate Attorneys             $175
     Legal Assistants/Paralegals     $120

Smeberg Law Firm received a $6,500 retainer on July 6 from the
Debtor.  A $1,217 retainer was paid to the Debtor's litigation
counsel, Allen Ahlschwede, to be held in trust for the benefit of
Smeberg Law Firm.

Ronald Smeberg, Esq., the attorney who will be handling the case,
disclosed in a court filing that he does not represent any interest
adverse to the Debtor and its estate.

The firm can be reached through:

     Ronald J. Smeberg, Esq.      
     Smeberg Law Firm, PLLC
     2010 West Kings Highway
     San Antonio, TX 78201
     Phone: 210-695-6684
     Fax: 210-598-7357
     Email: ron@smeberg.com

                 About Cowpuncher Investments

Cowpuncher Investments, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Tex. Case No. 18-10899) on July 8,
2018.  In the petition signed by Reese Kerr, manager, the Debtor
estimated assets of less than $100,000 and liabilities of less than
$500,000.


DCP MIDSTREAM: S&P Affirms 'BB' ICR & Alters Outlook to Positive
----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB' corporate credit and senior
unsecured debt ratings on DCP Midstream L.P. and revised the rating
outlook to positive from stable. The '3' recovery rating on the
partnership's senior unsecured debt is unchanged, reflecting S&P's
expectation of meaningful (50%-70%; rounded estimate: 65%) recovery
in the event of default.

The 'B+' issue-level rating and '6' recovery rating on the junior
subordinated debt are also affirmed, reflecting our expectation of
negligible recovery (0%-10%; rounded estimate: 0%) in the event of
default.

The outlook revision reflects volumetric and adjusted financial
metrics that are better than originally forecast. S&P said, "We
previously forecast NGLs to average a price in the mid- to
upper-50-cents range per gallon for 2017 and 2018. The average
price for NGLs in 2017 was in the low-60-cents area, and we now
assume NGLs to average approximately 68 cents per gallon in 2018
and approximately 65 cents per gallon in 2019."

S&P said, "The positive rating outlook reflects our expectation
that the partnership will successfully execute on its growth
initiatives while maintaining adjusted debt to EBITDA ratio below
5x in 2018 and improving to approximately 4.5x in 2019.

"We could raise the rating if we expect NGL prices to continue to
remain above 65 cents per gallon and the partnership maintains
adjusted leverage of approximately 4.5x and a distribution coverage
ratio above 1x.

"We could revise the outlook to stable if we forecast leverage to
be sustained at 5x or if its distribution coverage ratio falls
below 1x. This could result from the price of NGLs falling below 55
cents per gallon."



DELMAC LLC: Unsecured Claims to be Paid from Site Work Contracts
----------------------------------------------------------------
Delmac, LLC, filed with the U.S. Bankruptcy Court for the District
of Connecticut a first amended disclosure statement describing its
Chapter 11 plan dated August 7, 2018.

The latest plan provides additional information in the treatment of
unsecured creditors in Class 8.

Allowed unsecured claims will receive a dividend of not less than
5% without interest within 36 months of confirmation of the Plan
payable from the future site work contracts to be performed by the
Debtor. The unsecured claim of Greg Mackin, Jr. will be
subordinated to all other unsecured claims in this class.

This class will be paid from the Debtor's site work contracts and
site work agreement. It is expected that the site work for Phase I
will commence on Nov. 1, 2018. Once a month, Delmac will submit a
bill to Titan who will have 15 days to pay the invoice. It is
expected that the first payment to Titan will be in December of
2018. Delmac will be paid an amount equal to 90% of the amount of
the completed work. A 10% retainage will remain in place until the
site work is complete to the satisfaction of all contract terms.
The site work contracts for the restaurant and the assisted living
facility shall net a payment of $166,320 towards administrative and
unsecured creditors. It is estimated that these contracts will take
approximately 10 months to complete. The site work agreement for
the shopping center to be constructed at 166 Preston Road in
Griswold, Connecticut will begin immediately upon completion of the
first two site work contracts and will net unsecured creditors
approximately $235,000. It is estimated that payment to creditors
will commence at the end of December 2018 and will continue
monthly. Unpaid administrative claims, as allowed by the Bankruptcy
Court will be paid in full prior to distribution being made to
unsecured creditors. It is estimated payments to unsecured
creditors will commence in February of 2019 and continue for 28
months.

A full-text copy of the First Amended Disclosure Statement is
available at:

     http://bankrupt.com/misc/ctb17-21848-107.pdf

                      About Delmac LLC

Based in Jewett City, Connecticut, Delmac, LLC, specializes in
non-residential building construction business.  Delmac sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Conn.
Case No. 17-21848) on Dec. 4, 2017.  In the petition signed by
Gregory T. Mackin, its managing member, the Debtor estimated assets
of less than $1 million and liabilities of $1 million to $10
million.  The Law Offices of Ronald I. Chorches LLC is the Debtor's
legal counsel.


DENBURY RESOURCES: Moody's Ups CFR to B3 & Rates New Sec. Notes B3
------------------------------------------------------------------
Moody's Investors Service upgraded Denbury Resources Inc.'s
Corporate Family Rating to B3 from Caa1 and assigned a B3 rating to
its $400 million of proposed senior secured second lien notes due
2024. Moody's also upgraded the ratings on the existing senior
secured second lien notes to B3 from Caa1 and the ratings on the
senior subordinated notes to Caa2 from Caa3 and the Speculative
Grade Liquidity Rating to SGL-2 from SGL-3. The outlook is stable.


"The upgrade of Denbury's Corporate Family Rating reflects its
improving credit metrics and its expectation it will continue to
generate positive free cash flow, even as it develops its acreage,"
said James Wilkins, Moody's Vice President -- Senior Analyst. "The
issuance of new notes to repay revolver borrowings and extension of
the revolver's maturity improve Denbury's liquidity."

Upgrades:

Issuer: Denbury Resources Inc.

Corporate Family Rating, Upgraded to B3 from Caa1

Probability of Default Rating, Upgraded to B3-PD from Caa1-PD

Speculative Grade Liquidity Rating, Upgraded to SGL-2 from SGL-3

Senior Subordinated Notes, Upgraded to Caa2 (LGD5) from Caa3 (LGD5)


Senior Secured Notes, Upgraded to B3 (LGD3) from Caa1 (LGD4)

Assignments:

Issuer: Denbury Resources Inc.

Senior Secured Second Lien Notes, Assigned B3 (LGD3)

Outlook Actions:

Issuer: Denbury Resources Inc.

Outlook, Remains Stable

RATINGS RATIONALE

The upgrade of Denbury's Corporate Family Rating to B3 reflects its
improved operating performance as oil prices have recovered and
production volumes increased. The company has increased capital
spending on existing fields, which has resulted in higher
production volumes in 2018, and development of the Cedar Creek
Anticline will support future production growth. The company's
leverage metrics improved following the conversion of $144 million
of convertible debt to equity in the second quarter 2018 and
repayment of revolver borrowings with free cash flow.

Denbury's B3 CFR reflects high leverage, moderate scale, relatively
high cost enhanced oil recovery operations and improving capital
efficiency. The company two areas of operation (the US Gulf Coast
and Rockies) produce over 90% oil and offer some asset
diversification. The enhanced oil recovery operations, which
account for more than 60% of production, are more capital intense
upfront, require longer lead times and higher operating costs, but
also provide for a lower risk asset base, with no exploration risk
and long-lived reserves. The company owns extensive CO2 supply
infrastructure as well as CO2 reserves. Denbury has restructured
its balance sheet, shedding over $1 billion in debt since 2014, but
still has high financial leverage (retained cash flow to debt below
20%). The rating is also tempered by Moody's expectation that the
company will generate limited positive free cash flow as it
develops the Cedar Creek Anticline, which will ultimately lead to
higher production volumes. Oil price hedges protected the company's
downside risk, but contributed negatively to cash flows in 2018,
and will likely be less of a drag on cash flows in 2019.

The proposed senior secured second lien notes, which rank pari
passu with the company's existing senior secured second lien notes,
are rated B3, the same level as the CFR. The $1.5 billion of
secured second lien notes, which account for the largest portion of
Denbury's third party debt, have a lower priority claim relative to
the first lien secured obligations under the $0.6 billion revolving
credit facility and more senior priority claim relative to the $0.8
billion of unsecured subordinated debt, which are rated Caa2 (two
notches below the CFR). Moody's believes the B3 rating on the
second lien notes, at the CFR level, is more appropriate than the
rating suggested by Moody's Loss-Given-Default (LGD) methodology
(one notch above the CFR).

The SGL-2 Speculative Grade Liquidity Rating reflects Moody's
expectation that Denbury will have good liquidity, primarily
supported by ample availability under its amended and extended
revolving credit facility and cash flow from operations. The $615
million revolver, which is subject to a borrowing base, matures in
December 2021 (with springing maturities beginning in February
2021). Following the issuance of the new second lien senior secured
notes, the revolver will be virtually undrawn. The credit
facility's financial covenants include a maximum total debt to
EBITDA ratio of 5.25x through December 31, 2020 (4.5x thereafter),
maximum senior secured debt to EBITDA ratio of 2.5x, a minimum
interest coverage ratio of 1.25x and a minimum current ratio of 1x.
Moody's expects the company to remain in compliance with the
financial covenants and to generate positive free cash flow through
2019. The company's subordinated notes mature in 2021-2023 and the
senior secured second lien notes mature in 2021 - 2024.

The stable outlook reflects Moody's expectation that Denbury will
maintain flat or modestly increase production volumes, while not
outspending cash flow from operations. The ratings could be
upgraded if Denbury maintains retained cash flow to debt above 20%,
while achieving a leveraged full-cycle ratio (LFCR) above 1.25x.
The ratings may be downgraded if retained cash flow to debt
deteriorates to less than 10% or liquidity weakens.

The principal methodology used in these ratings was Independent
Exploration and Production Industry published in May 2017.

Denbury Resources Inc., headquartered in Plano, Texas, is an
independent oil and gas company with operations in the Gulf Coast
and Rocky Mountain regions. The company has a significant emphasis
on carbon dioxide enhanced oil recovery (CO2 EOR) operations used
to recover oil from mature fields.


DENBURY RESOURCES: S&P Raises ICR to 'B-', Outlook Stable
---------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Plano,
Texas-based Denbury Resources Inc. to 'B-' from 'CCC+'. The outlook
is stable.

S&P said, "We also raised our issue-level rating on Denbury's
senior secured revolving credit facility and existing senior
secured second-lien notes to 'B+' from 'B'. The recovery rating on
these notes remains '1', indicating our expectation for very high
(90%-100%; rounded estimate: 95%) recovery in the event of a
payment default.

"At the same time we rated the company's proposed $400 million
second lien notes 'B+', with a recovery rating of '1'.

"We also raised our issue-level rating on Denbury's subordinated
debt to 'CCC+' from 'CCC-' and revised the recovery rating to '5'
from '6'. The '5' recovery rating indicates our expectation of
modest (10%-30%; rounded estimate: 20%) recovery in the event of a
payment default.

"The upgrade reflects the maturity extension of Denbury's revolving
credit facility and our expectation of adequate credit metrics and
liquidity for the rating. Based on our oil West Texas Intermediate
(WTI) price assumptions of $60 per barrel (bbl) for the remainder
of 2018 and $55 thereafter, we expect debt leverage to be in the 4x
to 5x range for the next two years, which we view as very high but
no longer unsustainable. In addition, we note that prospective
asset sales could further enhance debt metrics, although we have
not incorporated any in our forecasts. We also believe that the
likelihood of further distressed debt exchanges is low.  

"The stable outlook reflects our expectation that Denbury's
leverage will be in the 4x to 5x range over the next two years
under our production, price, and cost assumptions. Additionally, we
expect liquidity to remain adequate and Denbury to adjust spending
levels should crude prices fall below our expectations.

"We could lower the ratings if we forecasted leverage to increase
to more than 5x to 6x on a sustained basis, liquidity deteriorated,
or we believed the likelihood of distressed debt exchanges had
increased. This would most likely come from weaker than expected
oil prices.

"We could raise the ratings if Denbury were able to maintain FFO to
debt above 20% and debt to EBITDA below 4x on a sustained basis.
This would most likely occur if oil prices further strengthened
beyond our current assumptions and the company did not
significantly outspend cash flow."



DIAGNOSTIC CENTER: Taps Brownstein Hyatt as Legal Counsel
---------------------------------------------------------
Diagnostic Center of Medicine (Allen) LLP seeks approval from the
U.S. Bankruptcy Court for the District of Nevada to hire Brownstein
Hyatt Farber Schreck, LLP as its legal counsel.

The Debtor had initially employed Schwartz Flansburg PLLC as its
legal counsel.  The firm merged with Brownstein on July 16.

Brownstein will advise the Debtor regarding its duties under the
Bankruptcy Code; assist in any potential sale of its assets;
negotiate with creditors; assist in the preparation of a plan of
reorganization; and provide other legal services related to its
Chapter 11 case.

The hourly rates range from $295 to $770 for attorneys and from
$195 to $215 for legal assistants and support staff.

Samuel Schwartz, Esq., a shareholder of Brownstein, 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:

     Samuel A. Schwartz, Esq.  
     Bryan A. Lindsey, Esq.
     Connor H. Shea, Esq.  
     Brownstein Hyatt Farber Schreck, LLP
     100 North City Parkway, Suite 1600
     Las Vegas, NV 89106
     Telephone: (702) 382-2101
     Facsimile: (702) 382-8132
     E-mail: saschwartz@bhfs.com
     E-mail: blindsey@bhfs.com
     E-mail: cshea@bhfs.com

                About Diagnostic Center of Medicine

Diagnostic Center of Medicine (Allen) LLP, in practice since 1977,
is an internal medicine and family medicine group in Southern
Nevada with locations in Henderson and Durango.  Diagnostic Center
of Medicine filed a Chapter 11 petition (Bankr. D. Nev. Case No.:
18-10152) on Jan. 12, 2017.  In the petition signed by CEO Lawrence
M. Allen, M.D., the Debtor disclosed $1.70 million in total assets
and $6.08 million total debt.  The case is assigned to Judge Laurel
E. Davis.  The Debtor hired McNair & Associates, Chtd. as its
accountant.


DIFFUSION PHARMACEUTICALS: Provides 2nd Quarter Business Update
---------------------------------------------------------------
Diffusion Pharmaceuticals Inc. reports financial results for the
three months ended June 30, 2018 and provides a business update.

Commenting on the second quarter, David Kalergis, chairman and
chief executive officer, said, "We have continued to screen and
enroll patients with inoperable glioblastoma multiforme (GBM) into
our INTACT Phase 3 pivotal trial.  Following the dose escalation
run-in portion, this planned 236-patient study will enroll half the
patients in the treatment arm consisting of standard-of-care
radiation and chemotherapy plus TSC, and half in the control arm,
which is standard-of-care alone.  We designed INTACT based on our
Phase 2 study that demonstrated a nearly four-fold increase in
overall survival at two years in inoperable GBM patients."

Mr. Kalergis continued, "During the quarter, U.S. Patent 9,950,067
issued relating to methods of treating cancer using bipolar trans
carotenoids including TSC.  European patent 2575487 was validated
for oral formulations of bipolar trans carotenoids and includes
novel compositions in tablet, pill or capsule form.  Further, US
Patent 10,016,384, also relating to oral formulations of bipolar
trans carotenoids, issued on July 10, 2018.  We believe TSC holds
great promise in treating a number of diseases in addition to
cancer and are pleased to be able to protect a patient-friendly
oral formulation suitable for more chronic uses.  Our intellectual
property protection further supports the value of TSC as we discuss
partnership opportunities in various indications and geographies."

Diffusion is continuing preparations for a Phase 2 randomized,
double-blind, placebo-controlled trial with TSC in acute stroke in
cooperation with UCLA and the University of Virginia, and is in
discussions with potential partners.  Financing permitting, the
Company expects to begin enrolling patients in early 2019 with data
in about 18 months thereafter.  The study calls for the
administration of TSC by specially-trained Emergency Medical
Technicians to ambulance-transported patients within two hours of
the onset of a suspected acute stroke.  In-ambulance administration
could overcome the current severe timing delay in administering
therapy to stroke victims, serving a market of up to 800,000
patients a year who suffer acute stroke.

Financial Results for the Three Months Ended June 30, 2018

The Company had cash and cash equivalents of $12.9 million as of
June 30, 2018.  The Company believes that its cash and cash
equivalents will enable it to fund its obligated operating expenses
and capital expenditure requirements into September 2019.

The Company recognized $1.4 million in research and development
expenses during the three months ended June 30, 2018, compared with
$1.2 million during the three months ended June 30, 2017.  The
increase was mainly attributable to a $0.8 million increase in
expenses related to its Phase 3 GBM trial, offset by a $0.6 million
decrease in expense associated with manufacturing costs.

General and administrative expenses for the three months ended June
30, 2018 were $1.7 million, compared with $1.8 million for the
three months ended June 30, 2017.  The decrease in general and
administrative expense was primarily due to a $0.3 million decrease
in professional fees, partially offset by an increase in salary and
wages expense of $0.2 million.

Net cash used in operating activities for the first half of 2018
was $5.8 million, compared with $6.2 million during the same period
in the prior year.

A full-text copy of the press release is available for free at:

                      https://is.gd/rg5xCG

                 About Diffusion Pharmaceuticals

Based in Charlottesville, Virginia, Diffusion Pharmaceuticals Inc.
-- http://www.diffusionpharma.com-- is a clinical-stage
biotechnology company focused on extending the life expectancy of
cancer patients by improving the effectiveness of current
standard-of-care treatments including radiation therapy and
chemotherapy.  Diffusion is developing its lead product candidate,
trans sodium crocetinate (TSC), for use in the many cancers where
tumor hypoxia (oxygen deprivation) is known to diminish the
effectiveness of SOC treatments.  TSC targets the cancer's hypoxic
micro-environment, re-oxygenating treatment-resistant tissue and
making the cancer cells more vulnerable to the therapeutic effects
of SOC treatments without the apparent occurrence of any serious
side effects.

Diffusion incurred a net loss attributable to common stockholders
of $2.61 million in 2017 compared to a net loss attributable to
common stockholders of $18.03 million in 2016.  

Diffusion received on March 2, 2018, a written notice from the
staff of the Listing Qualifications Department of The Nasdaq Stock
Market, LLC indicating that the Company was not in compliance with
Nasdaq Listing Rule 5550(a)(2) because the bid price for the
Company's common stock had closed below $1.00 per share for the
previous 30 consecutive business days.  In accordance with Nasdaq
Listing Rule 5810(c)(3)(A), the Company has 180 calendar days from
the date of that notice, or until Aug. 29, 2018, to regain
compliance with the minimum bid price requirement.


DJO FINANCE: Reports $13.7 Million Net Loss in Second Quarter
-------------------------------------------------------------
DJO Finance LLC has filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
attributable to the Company of $13.68 million on $304.83 million of
net sales for the three months ended June 30, 2018, compared to a
net loss attributable to the Company of $34.38 million on $294.74
million of net sales for the three months ended July 1, 2018.

For the six months ended June 30, 2018, the Company reported a net
loss attributable to the Company of $31.25 million on $597.46
million of net sales compared to a net loss attributable to the
Company of $74.35 million on $583.13 million of net sales for the
six months ended July 1, 2017.

As of June 30, 2018, the Company had $2.02 billion in total assets,
$2.84 billion in total liabilities and a total deficit of $824.15
million.

As of June 30, 2018, the Company's primary sources of liquidity
consisted of cash and cash equivalents totaling $26.8 million and
its $150.0 million ABL Facility, of which $56.3 million was
available.  The Company's revolving loan balance under its ABL
Facility was $87.5 million as of June 30, 2018 in addition to a
$5.7 million outstanding letter of credit related to its travel and
entertainment corporate card program and a $0.5 million outstanding
letter of credit related to collateral requirements under its
product liability insurance policy.  Working capital at June 30,
2018 increased $18.1 million to $150.5 million compared with $132.4
million of working capital at July 1, 2017 due to increases in
current assets of $40.7 million, partially offset by increases in
current liabilities of $22.6 million.

The Company's current assets increased primarily due to a $28.7
million increase in inventories and a $9.6 million increase in
accounts receivable and a $10.8 million increase in prepaid
expenses and other current assets, partially offset by an $8.4
million decrease in cash and cash equivalents.

The Company's current liabilities increased primarily due to an
$11.6 million increase in accounts payable, a $13.5 million
increase in current portion of debt obligations and a $5.7 million
increase in accrued interest, partially offset by an $8.2 million
decrease in other current liabilities.

"We believe that our existing cash, plus the amounts we expect to
generate from operations, amounts we expect to generate from
receivables and amounts available through our ABL Facility, will be
sufficient to meet our operating needs for the next twelve months,
including working capital requirements, capital expenditures, debt
and interest repayment obligations.  While we currently believe
that we will be able to meet all of the financial covenants imposed
by our Credit Facilities ... there is no assurance that we will in
fact be able to do so or that, if we do not, we will be able to
obtain from our lenders waivers of default or amendments to the
Credit Facilities," the Company stated in the Quarterly Report.

A full-text copy of the Form 10-Q is available for free at:

                      https://is.gd/9nJGpi

                       About DJO Finance

Vista, California-based DJO Finance LLC --
http://www.DJOglobal.com/-- is a global developer, manufacturer
and distributor of medical devices with a broad range of products
used for rehabilitation, pain management and physical therapy.  The
Company's products address the continuum of patient care from
injury prevention to rehabilitation after surgery, injury or from
degenerative disease, enabling people to regain or maintain their
natural motion.

DJO Finance reported a net loss of $35.09 million in 2017 compared
to a net loss of $285.7 million in 2016.  As of Dec. 31, 2017, DJO
Finance had $2.02 billion in total assets, $2.81 billion in total
liabilities and a total deficit of $790.5 million.

                           *    *    *

In April 2018, Moody's Investors Service affirmed its 'Caa1'
Corporate Family Rating of DJO Finance LLC.  The affirmation of
DJO's 'Caa1' CFR reflects that, while the company's overall
liquidity profile has improved, the company remains highly
leveraged with debt/EBITDA in excess of 9.0x.  Further, the company
faces significant refinancing risk as the majority of its debt
comes due in 2020.


EASTERN POWER: Moody's Affirms B1 Rating on Sec. Credit Facilities
------------------------------------------------------------------
Moody's Investors Service has affirmed the B1 rating on Eastern
Power, LLC's senior secured credit facilities following the planned
$200 million increase to the term loan B. The rating outlook is
stable.

After the incremental debt, the senior secured credit facilities
will consist of a $1,128 million term loan B due 2023 and a $50
million revolving credit facility. Proceeds from the incremental
debt will be used to pay a special dividend to ArcLight Capital
Partners, LLC (ArcLight), Eastern's owner.

RATINGS RATIONALE

The B1 ratings affirmation recognizes the $200 million increase in
term loan debt and the associated use of proceeds, both credit
negatives, which are balanced by the recent sale of the New Covert
Generating Facility (New Covert), which enhanced Eastern's debt
capacity, along with the issuer's significant hedged position that
strengthens near-term cash flow visibility. The rating affirmation
also incorporates a more bullish outlook for NY Zone J capacity
pricing enabling Eastern to incur the incremental term debt without
meaningfully impacting its financial profile. New Covert,
previously part of the Eastern portfolio, was sold on June 29,
2018, leading to a $647 million reduction in the outstanding term
loan B balance.

Known capacity revenues provide Eastern with a solid credit
foundation over the next several years. Unlike most other New York
City (NYC) generators, Eastern has contracted a significant portion
of the capacity from its NYC-based assets through April 2020 at
fairly robust prices, reducing its exposure to near-term downward
pricing pressure. Moreover, Eastern has also sold most of its
PJM-based capacity at fixed price levels through May 2022 which
taken together provide good transparency and reasonable
predictability around cash flow generation and potential debt
reduction.

The ratings affirmation further suggests a more bullish view on
future capacity prices in NY Zone J. While capacity prices have
been pressured since 2014 owing to lower forecasted peak load
demand and reduced NYISO determined LCR or Locational Minimum
Installed Capacity Requirements, Moody's believes that capacity
price recovery will begin during 2020, around the time that many of
Eastern's current above-market capacity arrangements expire.
Capacity price recovery is anticipated primarily from the expected
retirement of the 2 GW Indian Point Energy Center nuclear power
plant. In that regard, the NYISO, in its 2017 Buyer Side Mitigation
Assumptions and References, incorporated increased LCR assumptions
that, while not an official determination, supports the prospects
for a recovery in capacity prices.

These collective strengths, which underpin the B1 rating, are
balanced against the age of Eastern's NYC-based assets, the
portfolio concentration risk, as well as refinancing risk given the
increased debt quantum. Regarding the age of the assets, Astoria
achieved commercial operation between 1953-1962 while Gowanus and
Narrows achieved commercial operation in 1971 and 1972,
respectively. While Eastern appears to be making the appropriate
capital investments, the potential for operating challenges is a
chronic and, at times, increasing concern in light of the old age
of the assets. Eastern's PJM assets are less than 20 years old and
potential operating challenges are less a concern.

Mitigating the age and related capital requirements associated with
the assets are the locational value of Eastern's NYC-based assets.
While the possibility of new, more efficient new entrants remain a
rating constraint for this portfolio, the ability to actually add
new greenfield resources into NY Zone J remains a challenge.
Moreover, Eastern's NYC-based assets benefit from being located in
load pockets where their capacity and electric output are critical
to meeting peak demand.

That said, the increased debt quantum coupled with the age of its
New York assets elevates Eastern's refinancing risk. Moody's
calculates that more than 70% of the revised term loan could be
outstanding at debt maturity under its case. In the end, Eastern's
ability to refinance its maturing debt will largely be determined
by the assets' competitive profile at the time of refinancing.

Expected Financial Performance

Under the cases examined, Moody's expects Eastern's financial
metrics to hover around the upper end of the B rating category
range and the lower end of the Ba rating category as outlined under
the Power Projects Rating Methodology. Specifically, Moody's
expects Eastern's average debt service coverage ratio (DSCR) after
capital expenditures to range between 2.3-2.6x and its average
ratio of project cash from operations to adjusted debt (CFO/Debt)
to be in a range of 8.4-10.0% during the period 2019-2021.
Moreover, Moody's anticipates Eastern's ratio of Debt to EBITDA to
range between 5.5x and 6.5x.

Rating Outlook

The stable outlook reflects its assumption that capacity markets
will continue to provide relatively consistent cash flow and that
Eastern's generating facilities will be operated and maintained in
a manner that ensures availability and dependable responsiveness.

Factors that Could Lead to an Upgrade

The rating is not likely to be adjusted upward in the near-term
owing to the incremental debt being incurred. There could be upward
rating pressure, however, if Eastern was able to outperform
expectations and achieve a ratio of CFO/Debt of 12% or greater on a
sustained basis.

Factors that Could Lead to a Downgrade

The rating could be downgraded should Eastern's assets incur
operating problems. Moreover, a meaningful decline in capacity
prices that results in the ratio of CFO/Debt declining to below 6%
on a sustained basis could put downward pressure on Eastern's
rating.

Eastern Power, LLC owns six primarily gas-fired electric generating
stations with a combined generating capacity of 3,800 megawatts
(MWs): Astoria Generating Station (959 MW), Gowanus Turbine
Facility (640 MW) and Narrows Station (352 MW), all located in New
York City; Lincoln Generating Facility (656 MW) and Crete Energy
Ventures (328 MW),located in Illinois; and Rolling Hills Generating
(860 MW), located in Ohio.

Eastern Power, LLC is owned by affiliates of ArcLight Energy
Partners.


EP ENERGY: Widens Net Loss to $58 Million in First Quarter
----------------------------------------------------------
EP Energy LLC has filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q reporting a net loss of $58
million on $265 million of total operating revenues for the three
months ended June 30, 2018, compared to a net loss of $8 million on
$296 million of total operating revenues for the same period a year
ago.

For the six months ended June 30, 2018, the Company reported a net
loss of $40 million on $551 million of total operating revenues
compared to a net los of $55 million on $623 million of total
operating revenues for the six months ended June 30, 2017.

Russell Parker, president and chief executive officer of EP Energy,
commented, "We continue to have near-term successes in the Company
and are really pleased and excited with the progress that we've
made over the last 9 months.  And we are certainly excited about
our potential for long-term value growth."

"Q2 was a strong quarter for the Company as well," said McCuen,
SVP, chief financial officer of the Company in a conference call
held on Aug. 10, 2018.  "We made progress on several fronts.  We
generated adjusted EBITDAX of $215 million, so a significant
increase from the last 3 quarters.  And our cast costs continued to
trend lower, specifically on LOE and G&A.  One thing to note on
G&A, we recorded a one-time $2.5 million charge to settle a
landowner dispute related to acquisition of properties we made in
2016.  Absent that charge, our G&A would've been approximately
$0.40 per barrel lower.

"Our debt maturity profile significantly improved.  In May, we
successful extended our reserve base loan facility to November
2021.  And the refinancing significantly cleared our runway,
allowing us valuable time to execute on our new project and
evaluate A&D options to improve our financial position.

"We ended the quarter with over $700 million of available
liquidity, which includes a completely undrawn RBL and
approximately $100 million of cash on our balance sheet.  I think
this sets us up well for the second half of the year, where we
expect EBITDAX, at current prices, to cover capital and interest,
excluding working capital and timing of cash capital.  Now, this is
a significant improvement over the second half of last year, where
we were negative by over $100 million on the same measure."

As of June 30, 2018, the Company had $5.16 billion in total assets,
$479 million in total current liabilities, $4.34 billion in total
non-current liabilities and $350 million in member's equity.

As of June 30, 2018, the Company had available liquidity of
approximately $708 million, reflecting $610 million of available
liquidity on its Reserve-Based Loan facility borrowing base and $98
million of available cash.  The Company's RBL Facility is its
primary source of liquidity beyond its operating cash flow and
matures in November of 2021.  In the first half of 2018, the
Company took a number of steps to improve its liquidity, expand our
financial flexibility and manage its leverage by (i) exchanging
approximately $1,147 million of the outstanding amounts of its
senior unsecured notes maturing in 2020, 2022 and 2023 for new
9.375% senior secured notes maturing in 2024, (ii) issuing $1
billion of 7.75% senior secured notes, which mature in 2026 and
using the net proceeds to repay in full the outstanding amounts at
that time under its RBL Facility and (iii) extending the maturity
of its RBL Facility from May 2019 to November 2021.

A full-text copy of the Form 10-Q is available for free at:

                     https://is.gd/PszDYg

On Aug. 10, 2018, EP Energy Corporation held a publicly available
conference call to discuss its financial and operating results for
the quarter ended June 30, 2018.  A transcript of the call is
available for free at https://is.gd/IPTqXz

                     About EP Energy LLC

EP Energy LLC, a wholly-owned subsidiary of EP Energy Corporation
-- http://www.epenergy.com/-- is an independent exploration and
production company engaged in the acquisition and development of
unconventional onshore oil and natural gas properties in the United
States.  The Company operates through a diverse base of producing
assets and are focused on providing returns through the development
of its drilling inventory located in three areas: the Permian basin
in West Texas, the Eagle Ford Shale in South Texas, and the
Altamont Field in the Uinta basin in Northeastern Utah.  The
Company is headquartered in Houston, Texas.

EP Energy LLC incurred a net loss of $203 million for the year
ended Dec. 31, 2017, compared to a net loss of $21 million for the
year ended Dec. 31, 2016.  As of Dec. 31, 2017, EP Energy had $4.89
billion in total assets, $4.50 billion in total current and
non-current liabilities and $383 million in member's equity.

                           *    *    *

In January 2018, S&P Global Ratings raised its corporate credit
rating on Houston-based exploration and production (E&P) company EP
Energy LLC to 'CCC+' from 'SD' (selective default).  The outlook is
negative.  "The upgrade reflects the announcement that EP has
completed exchanges of its unsecured debt, which we considered to
be distressed, for 1.5-lien secured debt due 2024.  The rating
incorporates the new capital structure, which reflects the minimal
reduction of the company's debt as a result of the exchanges," S&P
said.

EP Energy LLC carries a 'Caal' Corporate Family Rating from
Moody's Investors Service.


FREELINC TECHNOLOGIES: Equity Panel Taps CCA as Financial Advisor
-----------------------------------------------------------------
The official committee of equity security holders of FreeLinc
Technologies, Inc., seeks approval from the U.S. Bankruptcy Court
for the District of Delaware to hire Cendrowski Corporate Advisors
as its financial advisor.

The firm will analyze the financial operations of FreeLinc and its
affiliates; determine whether there are potential purchasers of
their assets; assist the equity committee in its review of the
financial aspects of a bankruptcy plan proposed by the Debtors;
evaluate proposals by the Debtors for financing, use of cash
collateral, exit financing and capital-raising supporting any plan
of reorganization; and provide other financial advisory services
related to the Debtors' Chapter 11 cases.

The firm will charge these hourly rates:

     Partners/Managing Directors     $430
     Directors/Sr. Managers          $360
     Managers/Vice Presidents        $255
     Paraprofessionals               $170
     Staff                            $75

James Martin, managing director of Cendrowski, disclosed in a court
filing that his firm is "disinterested" as defined in Section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     James Martin
     Cendrowski Corporate Advisors
     180 N LaSalle Street, Suite 2620
     Chicago, IL 60601
     Phone: (866) 717-1607

                   About Freelinc Technologies

Headquartered in Boston, Massachusetts, FreeLinc Technologies --
http://www.freelinc.com/-- is a research and development company
focused on the adoption of Near Field Magnetic Induction (NFMI) as
a new wireless standard in the public safety, military, healthcare
and consumer markets.  FreeLinc's NFMI solves the security and
reliability problems for Bluetooth and the reading distance
problems for NFC.  FreeLinc claims to be the world's only provider
of its NFMI-enabled products and solutions, and has 43+ patents to
protect its position.

FreeLinc Technologies, Inc., and FreeLinc Technologies, LLC,
concurrently filed voluntary petitions for relief under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Case Nos. 18-11254 and
18-11255, respectively) on May 24, 2018. In the petitions signed by
Dr. Michael S. Abrams, CEO, both debtors estimated $1 million to
$10 million in assets and $10 million to $50 million in
liabilities.

The Dragich Law Firm PLLC, serves as counsel to the Debtors; and
William Pierce Bowden, Esq., Katharina Earle, Esq. and Gregory A.
Taylor, Esq. at Ashby & Geddes, P.A., serve as co-counsel.

The Office of the U.S. Trustee appointed an official committee of
equity security holders on July 17, 2018.  The equity committee
tapped Goldstein & McClintock LLLP as its legal counsel.


GB SCIENCES: Reports $5.35 Million Net Loss for First Quarter
-------------------------------------------------------------
GB Sciences, Inc. has filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $5.35 million on $1.31 million of sales revenue for the three
months ended June 30, 2018, compared to a net loss of $3.11 million
on $69,100 of sales revenue for the same period during the prior
year.

As of June 30, 2018, the Company had $28.26 million in total
assets, $8.37 million in total liabilities and $19.88 million in
total equity.

According to GB Sciences, "The Company will need additional capital
to implement its strategies.  There is no assurance that it will be
able to raise the amount of capital needed for future growth plans.
Even if financing is available, it may not be on terms that are
acceptable.  If unable to raise the necessary capital at the times
required, the Company may have to materially change the business
plan, including delaying implementation of aspects of the business
plan or curtailing or abandoning the business plan.  The Company
represents a speculative investment and investors may lose all of
their investment.  In order to be able to achieve the strategic
goals, the Company needs to further expand its business and
financing activities.  Based upon the cash position, it is
necessary to raise additional capital by the end of the next
quarter in order to continue to fund current operations.  These
factors raise substantial doubt about the ability to continue as a
going concern.  The Company is pursuing several alternatives to
address this situation, including the raising of additional funding
through equity or debt financings. In order to finance existing
operations and pay current liabilities over the next twelve months,
the Company will need to raise additional capital.  No assurance
can be given that the Company will be able to operate profitably on
a consistent basis, or at all, in the future."

The principal sources of liquidity to date have been cash generated
from sales of debt and equity securities and loans.

At June 30, 2018, cash was $4.7 million, other current assets
excluding cash were $4.5 million, and its working capital was $7.2
million.  At the same time, current liabilities were approximately
$2.0 million and consisted principally of $0.4 million in accrued
liabilities and $1.2 million in notes payable, net of $3.4 million
in discounts.  At June 30, 2017, the Company had a cash balance of
$3.6 million, other current assets excluding cash were $3.7 million
and the Company's working capital was $5.3 million.  Current
liabilities were approximately $1.9 million, which consisted
principally of $0.5 million in accrued liabilities and $0.4 million
in accounts payable.

A full-text copy of the Form 10-Q is available for free at:

                     https://is.gd/UN1mCR

                       About GB Sciences

Las Vegas, Nevada-based GB Sciences, Inc., formerly Growblox
Sciences, Inc., is developing and utilizing state of the art
technologies in plant biology, cultivation and extraction
techniques, combined with biotechnology, and plans to produce
consistent and measurable medical-grade cannabis, cannabis
concentrates and cannabinoid therapies.  The Company seeks to be an
innovative technology and solution company that converts the
cannabis plant into medicines, therapies and treatments for a
variety of ailments.

GB Sciences reported a net loss of $23.16 million for the 12 months
ended March 31, 2018, compared to a net loss of $10.08 million for
the 12 months ended March 31, 2018.

Soles, Heyn & Company, LLP's audit opinion included in the
company's Annual Report on Form 10-K for the year ended March 31,
2018 contains a going concern explanatory paragraph stating that
the Company had accumulated losses of approximately $58,230,000,
has generated limited revenue, and may experience losses in the
near term.  These factors and the need for additional financing in
order for the Company to meet its business plan, raise substantial
doubt about its ability to continue as a going concern.


GENTIVA HEALTH: S&P Assigns B Issuer Credit Rating, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings assigned its 'B' issuer credit rating to Gentiva
Health Services Inc., the entity that assumed all the obligations
initially issued by Kentucky Homecare Intermediate Inc. The outlook
is stable.

In conjunction with this action, S&P discontinued its ratings on
Kentucky Homecare Intermediate Inc.

Following the recent transaction, Kentucky Homecare Intermediate
Inc. was merged with and into Gentiva Health Services Inc.
(Gentiva) and Gentiva assumed all the obligations of Kentucky
Homecare Intermediate Inc. The company will do business under the
name "Kindred at Home" (KAH).

S&P said, "Our 'B' corporate credit ratings on Gentiva is the same
as the rating previously assigned to Kentucky Homecare
Intermediate.

"The stable rating outlook on Gentiva reflects our expectation that
the company will generate mid-single-digit organic revenue growth
stemming mainly from de novo openings. Though we incorporate some
downside pressure on reimbursement, we do not expect a large
reimbursement cut. We also expect good demand for the company's
services, particularly its largest business, home care. We expect
adjusted leverage to remain in 7x-8x range over the next two years,
and we expect some EBITDA expansion and cost synergies to help
reduce leverage to approximately 6x."



GEORGE BOULANGER: Taps Golding + Lamothe as Special Counsel
-----------------------------------------------------------
George Boulanger Construction Incorporated seeks approval from the
U.S. Bankruptcy Court for the Central District of California to
retain Golding + Lamothe as special counsel.

The firm will continue to represent the Debtor in miscellaneous
legal matters and to defend its construction bond in two lawsuits
filed in the Los Angeles Superior Court (Stern v. George Boulanger
Construction, Inc., Case No. SC 127981; and Bryan Coopersmith, et
al. v. George Boulanger Construction, Inc., et al., Case No. BC
655128).

Lamothe's customary rates range from $100 per hour for paralegals
to $425 per hour for partners.  However, the firm has agreed to
limit its hourly rate to $395 per hour.

Jonathan Golding, a partner of Lamothe, disclosed in a court filing
that his firm neither holds nor represents any interest adverse to
the Debtor or its estate, creditors and equity interest holders.

The firm can be reached through:

     Jonathan Golding, Esq.
     Golding + Lamothe
     5901 W. Century Blvd., Suite 750
     Los Angeles, CA 90045
     Tel: 310.348.7240
     Cell: 310.591.0776
     Fax: 213.402.3440
     Email: Jonathan@GoldingLamothe.com

               About George Boulanger Construction

Based in in Culver City, California, George Boulanger Construction
Incorporated has been in the business of residential building
construction for more than 30 years.  It provides carpentry, tile
installation, painting, framing, plumbing and electrical services.

George Boulanger Construction sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. C.D. Cal. Case No. 17-24897) on Dec. 5,
2017.  George Boulanger, its president, signed the petition.  At
the time of the filing, the Debtor estimated assets of less than
$500,000 and liabilities of $1 million to $10 million.  Judge
Sandra R. Klein presides over the case.  The Debtor hired Lesnick
Prince & Pappas LLP as its legal counsel.


GIGA-TRONICS INC: Reports First Quarter Net Loss of $287,000
------------------------------------------------------------
Giga-Tronics Incorporated has filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting a
net loss of $287,000 on $3.05 million of total revenue for the
three months ended June 30, 2018, compared to a net loss of $1.25
million on $1.99 million of total revenue for the three months
ended June 24, 2017.  These losses have contributed to an
accumulated deficit of $27.8 million as of June 30, 2018.

The Company used cash flow in operations totaling $945,000 and $1.1
million in the first quarters of fiscal 2019 and 2018,
respectively.  The Company has also experienced delays in the
development of features, receipt of orders, and shipments for its
new EW test system products.  These delays have significantly
contributed to its continued losses, liquidity concerns and
accumulated deficits.

As of June 30, 2018, the Company had $6.37 million in total assets,
$5.07 million in total liabilities and $1.29 million in total
shareholders' equity.

According to Giga-Tronics, "Our historical operating results and
forecasting uncertainties indicate that substantial doubt exists
related to our ability to continue as a going concern.  Management
believes that through the actions to date and possible future
actions... we should have the necessary liquidity to continue
operations at least twelve months from the issuance of the
financial statements.  However, we cannot predict, with certainty,
the outcome of our actions to maintain or generate additional
liquidity, including the availability of additional financing, or
whether such actions would generate the expected liquidity as
currently planned.  Forecasting uncertainties also exist with
respect to our EW test system product line due to the potential
longer than anticipated sales cycles, as well as with potential
delays in the refinement of certain features or requisition of
certain components and/or our ability to efficiently manufacture it
in a timely manner."

A full-text copy of the Form 10-Q is available for free at:

                      https://is.gd/YgkgOc

                       About Giga-tronics

Headquartered in Dublin, California, Giga-tronics Incorporated is a
publicly held company, traded on the OTCQB Capital Market under the
symbol "GIGA", that produces an Advanced Signal Generator (ASG) and
an Advanced Signal Analyzer (ASA) for the electronic warfare market
and YIG (Yttrium, Iron, Garnet) RADAR filters used in fighter jet
aircraft.

Giga-Tronics reported a net loss of $3.10 million for the year
ended March 31, 2018, compared to a net loss of $1.54 million for
the year ended March 25, 2017.


GUADALUPE REGIONAL: Fitch Assigns 'BB' Issuer Default Rating
------------------------------------------------------------
Fitch Ratings has assigned a 'BB' Issuer Default Rating (IDR) to
Guadalupe Regional Medical Center and has affirmed the 'BB' rating
on the following bonds issued by the Board of Managers, Joint
Guadalupe County - City of Seguin, TX Hospital, d/b/a Guadalupe
Regional Medical Center (GRMC):

  -- $113.6 million hospital mortgage revenue, refunding and
improvement bonds, series 2015.

The Rating Outlook is Stable.

SECURITY

The bonds are secured by a mortgage on hospital property, pledge of
gross revenues and a debt service reserve fund.

ANALYTICAL CONCLUSION

The 'BB' IDR and revenue bond rating reflect GRMC's weak financial
profile, which Fitch anticipates will improve over time based the
expected strength of its operating profitability and midrange
revenue defensibility. The rating also reflects exposure to revenue
volatility due to GRMC's limited physician base and cost pressures
associated with GRMC's physician recruitment plans in a competitive
labor market.

KEY RATING DRIVERS

Revenue Defensibility: 'bbb'; Stable Payor Mix; Growing Service
Area

GRMC's midrange revenue defensibility reflects a stable payor mix
with limited exposure to Medicaid and Self-Pay patients, a good,
but not dominant 28% market share, and GRMC's still somewhat
concentrated but gradually expanding regional economy.

Operating Risk: 'a'; Adequate Cost Management; Elevated Lifecycle
Investment

The strong operating risk assessment is based on Fitch's view of
GRMC's strong core hospital profitability but also incorporates
cost flexibility constraints associated with physician recruitment
plans in a competitive labor market. Elevated capital needs reflect
an 8.7 year average age of plant and five year investment somewhat
below depreciation in a fragmented and competitive healthcare
market.

Financial Profile: 'bb'; Weak Financial Profile with Improvement
through the Cycle

Fitch expects GRMC to improve its weak financial profile based on
continuing strong operating profitability of its core hospital
operations. Weaker net leverage under the stress scenario
highlights GRMC's currently weak liquidity relative to leverage and
emphasizes the importance of maintaining strong profitability.

Asymmetric Additional Risk Considerations

There are no asymmetric additional risk considerations.

RATING SENSITIVITIES

Improving Financial Profile: Due to GRMC's more constrained
financial profile, a higher rating is not expected over the Outlook
period. However, continued profitability leading to an improvement
in net leverage could lead to positive rating action over the
longer term. Although unexpected, a weakening of operations or
additional debt could put further strain on GRMC's existing
financial profile, resulting in downward rating pressure on the
current rating.

CREDIT PROFILE

GRMC's 153-bed medical center is located in Sequin, about 35 miles
east of San Antonio, TX. The hospital serves the counties of
Guadalupe, Caldwell, Comal, DeWitt, Gonzales, Hays, Karnes and
Wilson, with the city of Sequin as its primary service area. GRMC
estimates the cost of charity care provided under its charity care
policy in fiscal 2017 as $24 million. It received $3 million in
payments from Guadalupe County and city of Seguin sponsors in
fiscal 2017 to help offset the cost of charity care.

The original GRMC hospital was built in 1965 and underwent
significant renovation and expansion in 2010. GRMC's medical group
has grown to 14 employed physicians spanning a variety of
specialties. GRMC offers additional specialty services through
affiliations with regional providers.

Revenue Defensibility

Combined self-pay and Medicaid payors averaged 23% of gross
revenues over the past three years ending in fiscal 2017,
consistent with Fitch's midrange revenue source characteristics.
Fiscal 2017 Medicare payors and commercial and managed care payors
remained stable at about 50% and 25% respectively.

Net patient revenues of $146.7 million in fiscal 2017 consisted of
GRMC health system operations (67%) and largely pass-through
revenues from 13 nursing homes (32%), since reduced to 12 homes. In
its capacity as a non-state government -owned facility, GRMC
qualifies for nursing facility supplemental support and shares the
benefit through its lease terms with the nursing facilities. GRMC
received $164,000 from the Quality Incentive Payment Program (QIPP)
in support of its nursing home operations in fiscal 2017 and
expects $2.4 million of fiscal 2018 QIPP payments, reflecting a
full year of its 12 nursing home operations.

GRMC received $3.1 million in uncompensated care (UC) and $3.0
million in Delivery System Reform Incentive Payments (DSRIP) in
fiscal 2017. Total supplemental payments represented 4% of GRMC's
total fiscal 2017 revenues. Fitch's criteria identify supplemental
program support as a consideration in the revenue defensibility
assessment based on supplemental program vulnerability to budgetary
and public policy changes, especially during recessionary periods.
Fitch believes that GRMC's exposure to supplemental payment risk is
somewhat mitigated by a stable payor mix and growing service area.

GRMC operates the only acute care hospital in its primary service
territory with a reported market share of 28%. The primary service
area is responsible for 86% of hospital admissions. Eight
competitors are scattered within a 46 mile radius from GRMC, and
three of these are within 20 miles from the hospital. GRMC's
business strategy focuses on recruiting physicians with the right
long-term fit for the community. The hospital extends its reach
through outpatient clinics and expands its service line
capabilities through regional affiliations.

Seguin (2017 population 28,983) is the county seat of Guadalupe
County (population 159,659). Guadalupe County is characterized by
above average population growth (14.4% over five years), low
unemployment and above average median household income. GRMC's
service area growth benefits from the expanding regional San
Antonio-New Braunfels MSA economy. Prominent sectors of the Seguin
economy include manufacturing, government, waste management, retail
trade, construction, and health care.

Operating Risk

The operating flexibility assessment considers GRMC's history of
profitable operations and Fitch's view of its cost flexibility.
Uneven operating trends reflect the inception of nursing home
operations in fiscal 2016 and full year of nursing home operations
in fiscal 2018. Fiscal 2017 operating EBITDA of 7.9% incorporates
nursing facility revenue and expense as reported in GRMC's audited
financial statements. Excluding nursing home operations, GRMC's
core fiscal 2017 health system operating EBITDA was stronger at
11.8%, and this view is what Fitch considers the most accurate
portrayal of GRMC's overall operations and is the basis for the
strong operating risk assessment. The fiscal 2018 base case
reflects nine months of actual results and incorporates a full year
of nursing home operations. Fitch expects future margins to be
generally consistent with fiscal 2018 with modest profitability
declines reflecting the planned phase out of DSRIP supplemental
payments beginning in fiscal 2020. The assessment also reflects
Fitch's view that GRMC will be exposed to revenue volatility due to
its limited physician base and face cost pressure as it expands it
physician base in a competitive labor market.

Fitch considers GRMC's lifecycle capital investment as elevated
considering its 8.7 average age of plant as of Sept. 30, 2017,
expected capital spending (at 92% of depreciation over the next
five years), and highly competitive and fragmented market. During
fiscal 2018 GRMC will complete a hospital facility renovation that
has included a surgical suite replacement, cardiac catheterization
laboratory addition, relocation of post-operative recovery space,
and maternal service expansion.

Financial Profile

GRMC's weak cash to adjusted debt of 34% as of Sept. 30, 2017
reflects $39 million of unrestricted cash, investments and debt
service reserve funds in relation to GRMC's debt ($117.6 million of
series 2015 revenue bonds and $4.8 million of capital leases) and
adjusted debt. Under Fitch's criteria, adjusted debt includes
Fitch's net pension liability (estimated at $15 million based on a
6% discount rate, instead of the $3.9 million level reported by
GRMC, which is based on a 7.25% discount rate). Net adjusted debt
to adjusted EBITDA, which is a measure of how many years of cash
flow is needed to repay outstanding long-term debt is 4.9x at Sept.
30, 2017.

The base case reflects still weak, but improved financial
flexibility driven by ongoing profitability and the lack of new
debt issuance plans. GRMC's financial profile softens in the rating
case under normal economic stress, but it recovers by year five to
its approximate fiscal 2017 financial position.


H3C INC: Sept. 27 Plan Confirmation Hearing
-------------------------------------------
Judge Louis A. Scarccella of the U.S. Bankruptcy Court for the
Eastern District of New York issued an order approving the
disclosure statement explaining H3C, Inc.'s plan.

September 18, 2018, is fixed as the last date for filing written
objections to the confirmation of the Plan, and September 27, at
11:00 A.M., is fixed as the date of hearing of confirmation of the
Plan.

As previously reported by The Troubled Company Reporter, Class 3
under the second amended plan is the secured claim of Krystal
Fruits and Vegetables d/b/a Arrow Produce. This claim is to be paid
in 17 quarterly payments of $131 each and an 18th quarterly payment
of $125. Total payout amount is $2,351.58.

Under the Plan as presently written, Stock Interest holders are not
contributing new value in the form of cash into the Debtor.

As with any plan of reorganization or other financial transaction,
there are certain risk factors which must be considered. It should
be noted that all risk factors cannot be anticipated, and that some
events will develop in ways that were not foreseen, and that many
or all of the assumptions that have been used in connection with
this Disclosure Statement and the Plan will not be realized exactly
as assumed.

A full-text copy of the First Amended Disclosure Statement is
available at:

     http://bankrupt.com/misc/nyeb8-17-77027-69.pdf

                        About H3C Inc.

Based in Merrick, New York, H3C, Inc., which conducts business
under the name Left Coast Kitchen & Cocktails, filed a voluntary
Chapter 11 petition (Bankr. E.D.N.Y. Case No. 17-77027) on Nov. 14,
2017, listing under $1 million both in assets and liabilities.
Neil H. Ackerman, Esq., at Ackerman Fox, LLP, is the Debtor's
counsel.


HELIOS AND MATHESON: Widens Net Loss to $83.7M Net Loss in Q2
-------------------------------------------------------------
Helios and Matheson Analytics Inc. has filed with the Securities
and Exchange Commission its Quarterly Report on Form 10-Q reporting
a net loss of $83.67 million on $74.16 million of total revenues
for the three months ended June 30, 2018, compared to a net loss of
$5.22 million on $1.14 million of total revenues for the three
months ended June 30, 2017.

For the six months ended June 30, 2018, the Company recorded a net
loss of $109.72 million on $123.6 million of total revenues
compared to a net loss of $11.71 million on $2.49 million of total
revenues for the six months ended June 30, 2017.

As of June 30, 2018, Helios and Matheson had $175.3 million in
total assets, $138.7 million in total liabilities and $36.55
million in total stockholders' equity.

The Company has experienced net losses and significant cash
outflows from cash used in operating activities over the past
years.  As of June 30, 2018, the Company had an accumulated deficit
of $247.7 million, a loss from operations for the three and six
months ended June 30, 2018 of $126.6 million and $234.4 million,
respectively, and net cash used in operating activities for the six
months ended June 30, 2018 of $219.2 million.

The Company expects to continue to incur net losses and have
significant cash outflows for at least the next twelve months.  As
of June 30, 2018, the Company had cash and a working capital
deficit of $15.51 million and $84.90 million, respectively,
compared to $24.95 million and $107.097 million as of Dec. 31,
2017.  Of the working capital deficit at June 30, 2018, $45.80
million pertained to warrant and derivative liabilities classified
on the balance sheet within current liabilities.  

"Management has evaluated the significance of the conditions
described above in relation to the Company's ability to meet its
obligations and concluded that, without additional funding, the
Company will not have sufficient funds to meet its obligations
within one year from the date the condensed consolidated financial
statements were issued.  While management will look to continue
funding operations by raising additional capital from sources such
as sales of the Company's debt or equity securities or loans in
order to meet operating cash requirements, there is no assurance
that management's plans will be successful," the Company stated in
the regulatory filing.

A full-text copy of the Form 10-Q is available for free at:

                         https://is.gd/4hu4KN

                       About Helios and Matheson

Helios and Matheson Analytics Inc. -- http://www.hmny.com/-- is a
provider of information technology services and solutions, offering
a range of technology platforms focusing on big data, business
intelligence, and consumer-centric technology.  More recently, to
provide greater value to stockholders, the Company has sought to
expand its business primarily through acquisitions that leverage
its capabilities and expertise.  The Company is headquartered in
New York City, has an office in Miami Florida and has an office in
Bangalore India.  The Company's common stock is listed on The
Nasdaq Capital Market under the symbol "HMNY".

Helios and Matheson reported a net loss of $150.8 million for the
year ended Dec. 31, 2017, compared to a net loss of $7.38 million
for the year ended Dec. 31, 2016.  As of March 31, 2018, the
Company had $177.1 million in total assets, $179.9 million in total
liabilities and a total stockholders' deficit of $2.76 million.

The report from the Company's independent accounting firm Rosenberg
Rich Baker Berman, P.A., in Somerset, New Jersey, on the
consolidated financial statements for the year ended Dec. 31, 2017,
includes an explanatory paragraph stating that the Company has
suffered recurring losses from operations and negative cash flows
from operating activities.  This raises substantial doubt about the
Company's ability to continue as a going concern.

           Stock May be Subject to Delisting from Nasdaq

On June 21, 2018, Helios and Matheson received a deficiency letter
from the Nasdaq Listing Qualifications Department notifying it
that, for the prior thirty consecutive business days, the closing
bid price for its common stock had closed below the minimum $1.00
per share requirement for continued listing on The Nasdaq Capital
Market pursuant to Nasdaq Listing Rule 5550(a)(2).  In accordance
with Nasdaq Listing Rules, the Company has been given 180 calendar
days, or until Dec. 18, 2018 to regain compliance with the Minimum
Bid Price Requirement.


HOPE INDUSTRIES: Aug. 29 Hearing on Plan Confirmation
-----------------------------------------------------
Bankruptcy Judge Gregory R. Schaaf issued an order approving Hope
Industries, LLC's second amended disclosure statement.

The hearing to consider confirmation of the Debtor's Plan will be
held on August 29, 2018, beginning at 9:00 a.m. (ET) in the United
States Bankruptcy Court, 100 East Vine Street, Second Floor,
Lexington, Kentucky, and continuing on August 30, 2018 at 9:00 a.m.
if necessary.

August 21, 2018 is fixed as the last day for filing and serving
written objections to confirmation of the Plan and the last day for
remitting ballots and written acceptances or rejections of the
Plan.

                    About Hope Industries

Based in London, Kentucky, Hope Industries, LLC, owns and manages
improved and unimproved real properties in Laurel County, Kentucky.
It also has an interest in improved real property in Whitley
County, Kentucky, and in Fayetteville, North Carolina.   

Hope Industries sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Ky. Case No. 18-60142) on Feb. 9,
2018.  In the petition signed by Star Robbins Kusiak, member, the
Debtor estimated assets and liabilities of $1 million to $10
million.  Judge Gregory R. Schaaf presides over the case.  DelCotto
Law Group PLLC is the Debtor's legal counsel.


HUDSON TECHNOLOGIES: Amends Loan Agreement, Delays 10-Q Filing
--------------------------------------------------------------
Hudson Technologies, Inc. on Aug. 14 disclosed that it has entered
into an interim Waiver and Second Amendment to its Term Loan Credit
and Security Agreement (the "Second Amendment").

The Second Amendment amended the Term Loan Credit and Security
Agreement dated October 10, 2017 (the "Term Loan Agreement"), to
waive compliance with the existing total leverage ratio financial
covenant at June 30, 2018, as amended.  The Second Amendment also
provides that on October 15, 2018, the Company and the Borrowers
shall provide a certificate setting forth the total leverage ratio
as of the four fiscal quarter period ending September 30, 2018.

In addition, the Second Amendment also: (i) increases the interest
rate by 300 basis points effective July 1, 2018; (ii) waives the
existing prepayment premium in the Term Loan Agreement in the event
the term loan is repaid in full prior to March 31, 2020; (iii) adds
an exit fee equal to three percent (3.00%) of the outstanding
principal balance of the term loans on the date of the Second
Amendment (provided, that payment of the exit fee is waived in the
event that the term loan is repaid in full prior to January 1,
2020, and provided further that the exit fee is reduced to
one-and-one-half percent (1.50%) in the event that the term loan is
repaid in full on or after January 1, 2020 but prior to March 31,
2020); (iv) restricts acquisitions and other equity investments
prior to September 30, 2018; (v) waived the requirement to deliver
the Company's Form 10-Q for the quarter ended June 30, 2018 by
August 14, 2018; and (vi) required payment of a one-time waiver fee
equal to one percent (1.00%) of the outstanding term loans.

Timing of 10-Q Filing

Discussions are continuing with the term loan lenders with respect
to an amendment of the Term Loan's existing total leverage ratio
financial covenant and certain other terms.  As a result of
potential balance sheet impact of foregoing discussions, the
Company was not in a position to file its Quarterly Report on Form
10-Q for the quarter ended June 30, 2018 by August 14, 2018 as
expected.

The Company is working diligently to resolve these matters and
management believes that the Company will be in a position to file
the aforementioned 10-Q not later than September 30, 2018.

Kevin J. Zugibe, Chairman and Chief Executive Officer of Hudson
Technologies commented, "We are working with our lenders to provide
an amendment for all necessary quarters that could be affected by
the 2018 refrigerant price correction.  While we expected to have
concluded the amendment process by now, we believe we have a path
forward to its resolution."

                   About Hudson Technologies

Hudson Technologies, Inc. -- http://www.hudsontech.com/-- is a
provider of innovative and sustainable solutions for optimizing
performance and enhancing reliability of commercial and industrial
chiller plants and refrigeration systems.  Hudson's proprietary
RefrigerantSide [(R)] Services increase operating efficiency,
provide energy and cost savings, reduce greenhouse gas emissions
and the plant's carbon footprint while enhancing system life and
reliability of operations at the same time.  RefrigerantSide [(R)]
Services can be performed at a customer's site as an integral part
of an effective scheduled maintenance program or in response to
emergencies.  Hudson also offers SMARTenergy OPS [(R)], which is a
cloud-based Managed Software as a Service for continuous
monitoring, Fault Detection and Diagnostics and real-time
optimization of chilled water plants.  In addition, the Company
sells refrigerants and provides traditional reclamation services
for commercial and industrial air conditioning and refrigeration
uses.


JACKSON OVERLOOK: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Jackson Overlook Corp.
        792 Columbus Avenue
        Apt. 14-R
        New York, NY 10025-5150

Business Description: Jackson Overlook Corp. owns a 100%
                      membership interest in an entity known as
                      Fort Tryon Tower SPE LLC (Fort Tryon Fee
                      Owner).  The Fort Tryon Fee Owner owns
                      certain real property located in the Hudson
                      Heights section of Manhattan at 1 Bennett
                      Park, New York.  The Property is the site of
                      an intended, but stil incomplete 23-story,
                      114 unit condominium development project
                      that was originally scheduled to open years
                      ago, but ran into a host of problems
                      involving lenders, cessation of financing,
                      cessation of construction, and changing
                      market conditions.

Chapter 11 Petition Date: August 14, 2018

Case No.: 18-12465

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Debtor's Counsel: Kevin J. Nash, Esq.
                  GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP
                  1501 Broadway, 22nd Floor
                  New York, NY 10036
                  Tel: (212)-301-6944
                       (212)-221-5700
                  Fax: (212) 422-6836
                  Email: KNash@gwfglaw.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Rutherford H.C. Thompson, authorized
manager.

The Debtor failed to include in the petition a list of its 20
largest unsecured creditors.

A full-text copy of the petition is available for free at:

           http://bankrupt.com/misc/nysb18-12465.pdf


LINEN LOCKER: Must File Plan, Disclosures by Oct. 22
----------------------------------------------------
Judge Caryl E. Delano of the U.S. Bankruptcy Court for the Middle
District of Florida, Tampa Division, issues an order directing The
Linen Locker, LLC, to file a Chapter 11 plan and disclosure
statement on or before October 22, 2018.  

The Disclosure Statement must, at the minimum, contain adequate
information pertaining to the Debtor in the following areas:

   (a) Pre− and post−petition financial performance;

   (b) Reasons for filing Chapter 11;

   (c) Steps taken by the Debtor since filing of the petition to
facilitate  its reorganization;

   (d) Projections reflecting how the Plan will be feasibly
consummated;

   (e) A liquidation analysis; and

   (f) A discussion of the Federal tax consequences as described in
Section 1125(a)(1) of the Bankruptcy Code.

The Linen Locker, LLC, is doing-business-as Allstar Laundry and Dry
Cleaning, and is formerly-doing-business-as All Star Scrubs, Shoes
and Chef.

                     About The Linen Locker

The Linen Locker, LLC, is engaged in the dry cleaning and laundry
business.  The Linen Locker filed a Chapter 11 petition Bankr. M.D.
Fla. Case No. 18-05188) on June 22, 2018.  In the petition signed
by David G. Walstad, operating manager, the Debtor disclosed
$521,050 in assets and $1 million in liabilities.  Samantha L.
Dammer, Esq., at Tampa Law Advocates, P.A., is the Debtor's
counsel.  No official committee of unsecured creditors has been
appointed in the Chapter 11 case.


LUCKY DRAGON: Taps Crystal Martin as Accountant
-----------------------------------------------
Lucky Dragon Hotel & Casino, LLC, seeks approval from the U.S.
Bankruptcy Court for the District of Nevada to hire an accountant.

The Debtor proposes to employ Crystal Martin, a certified public
accountant, to prepare and file its 2018 tax documents and to
maintain its financial books and records.

Ms. Martin charges an hourly fee of $200 for her services.

In a court filing, Ms. Martin disclosed that she neither holds nor
represents any interest adverse to the Debtor and its estate.

Ms. Martin maintains an office at:

     Crystal A. Martin
     8240 W. Charleston Blvd., Suite 3
     Las Vegas, NV 89117

                       About Lucky Dragon LP
                  and Luck Dragon Hotel & Casino

Lucky Dragon, LP, owns the real estate and improvements of the
Lucky Dragon Hotel & Casino located at 300 West Sahara Avenue, Las
Vegas, Nevada, and employs 68 full-time and 30 part-time people.
Lucky Dragon Hotel & Casino, LLC operates the Resort Hotel and
Casino.

The Lucky Dragon Hotel & Casino, LLC, commenced its Chapter 11 case
by filing a voluntary petition (Bankr. D. Nev. Case No. 18-10792)
on Feb. 16, 2018.  The Lucky Dragon, LP, filed a voluntary petition
for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev.
Case No. 18-10850) on Feb. 21, 2018.  The cases are jointly
administered under Lucky Dragon Hotel & Casino's Case No.
18-10792.

In the petition signed by Andrew S. Fonfa, managing member of
Eastern Investments, LLC, Lucky Dragon estimated assets of $100
million to $500 million and liabilities of $10 million to $50
million.  

Judge Laurel E. Davis presides over the cases.  

The Debtors tapped Schwartz Flansburg PLLC, which later merged into
Brownstein Hyatt Farber Schreck, LLP.  The Debtors also hired
Mushkin Cica Coppedge as conflicts counsel; Innovation Capital, LLC
as financial advisor; and Prime Clerk, LLC, as their claims and
noticing agent.  The Official Committee of Unsecured Creditors
retained Levene, Neale, Bender, Yoo & Brill LLP as general
bankruptcy counsel; Armstrong Teasdale LLP as co-counsel; and
Kolesar & Leatham, as Nevada co-counsel.


LUCKY DRAGON: Taps Ronald N. Withaeger as Accountant
----------------------------------------------------
Lucky Dragon LP seeks approval from the U.S. Bankruptcy Court for
the District of Nevada to hire an accountant.

The Debtor proposes to employ Ronald N. Withaeger CPA PLLC to
prepare and file its 2018 tax documents and maintain its financial
books and records.  The fee for the firm's services is $7,000.

Ronald Withaeger, a certified public accountant, disclosed in a
court filing that he neither holds nor represents any interest
adverse to the Debtor and its estate.

The firm can be reached through:

     Ronald Withaeger
     Ronald N. Withaeger CPA PLLC  
     8704 Country View Ave.
     Las Vegas, NV 89129
     Phone: 702-525-2509

                       About Lucky Dragon LP
                  and Luck Dragon Hotel & Casino

Lucky Dragon, LP, owns the real estate and improvements of the
Lucky Dragon Hotel & Casino located at 300 West Sahara Avenue, Las
Vegas, Nevada, and employs 68 full-time and 30 part-time people.
Lucky Dragon Hotel & Casino, LLC operates the Resort Hotel and
Casino.

The Lucky Dragon Hotel & Casino commenced its Chapter 11 case by
filing a voluntary petition (Bankr. D. Nev. Case No. 18-10792) on
Feb. 16, 2018.  The Lucky Dragon, LP, filed a voluntary petition
for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev.
Case No. 18-10850) on Feb. 21, 2018.  The cases are jointly
administered under Lucky Dragon Hotel & Casino's Case No.
18-10792.

In the petition signed by Andrew S. Fonfa, managing member of
Eastern Investments, LLC, Lucky Dragon estimated assets of $100
million to $500 million and liabilities of $10 million to $50
million.  

Judge Laurel E. Davis presides over the cases.  

The Debtors tapped Schwartz Flansburg PLLC, which later merged into
Brownstein Hyatt Farber Schreck, LLP.  The Debtors also hired
Mushkin Cica Coppedge as conflicts counsel; Innovation Capital, LLC
as financial advisor; and Prime Clerk, LLC, as their claims and
noticing agent.  The Official Committee of Unsecured Creditors
retained Levene, Neale, Bender, Yoo & Brill LLP as general
bankruptcy counsel; Armstrong Teasdale LLP as co-counsel; and
Kolesar & Leatham, as Nevada co-counsel.


LUXENT INC: Seeks to Hire Lance Soll as Accountant
--------------------------------------------------
Luxent, Inc. seeks approval from the U.S. Bankruptcy Court for the
Central District of California to hire Lance, Soll, & Lunghard, LLP
as its accountant.

The firm will assist the Debtor in the preparation of tax returns
and will provide other accounting and tax services.

The firm will charge these hourly rates:

     Partner                       $420
     Principals                    $315
     Managers                      $280
     Supervisors                   $220
     Senior Accountants        $145 to $165
     Paraprofessionals             $140
     Staff Accountants         $110 to $120

Jonathan Huckabay, a partner at Lance, disclosed in a court filing
that his firm neither holds nor represents any adverse interest in
connection with the Debtor's Chapter 11 case.

Lance can be reached through:

     Jonathan W. Huckabay
     Lance, Soll, & Lunghard, LLP
     1611 E. Fourth Street, Suite 200
     Santa Ana, CA 92701
     Phone: 714-569-1000
     Fax: (714) 542-1040
     Email: jon.huckabay@lslcpas.com

                        About Luxent Inc.

Luxent Inc., based in Aliso Viejo, is a privately-held company that
provides computer systems design and related services.  Luxent
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
C.D. Cal. Case No. 18-11116) on March 30, 2018.  In the petition
signed by Vivian Keena, president, the Debtor estimated assets of
less than $1 million and liabilities of $1 million to $10 million.
Judge Catherine E. Bauer presides over the case.  The Debtor hired
Ringstad & Sanders LLP as its legal counsel.


MR. TORTILLA: Case Summary & 19 Unsecured Creditors
---------------------------------------------------
Debtor: Mr. Tortilla, Inc.
        1112 Arroyo Street, #1
        San Fernando, CA 91340

Business Description: Mr. Tortilla, Inc. is a manufacturer of
                      traditional flour tortilla (fresh or
                      refrigerated) in San Fernando,
                      California.

Chapter 11 Petition Date: August 14, 2018

Case No.: 18-12051

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Judge: Hon. Victoria S. Kaufman

Debtor's Counsel: Jonathan M. Hayes, Esq.
                  RESNIK HAYES MORADI LLP
                  17609 Ventura Blvd., Suite 314
                  Encino, CA 91316
                  Tel: (818) 285-0100
                  Fax: (818) 855-7013
                  E-mail: jhayes@rhmfirm.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Anthony Alcazar, president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 19 unsecured creditors is available for free
at:

               http://bankrupt.com/misc/cacb18-12051.pdf


N-LIQUIDATION: Oneida County Wins Summary Judgment Bid vs NBT Bank
------------------------------------------------------------------
Plaintiff NBT Bank, National Association commenced the adversary
proceeding NBT BANK, NATIONAL ASSOCIATION, Plaintiff, v. ONEIDA
COUNTY DEPARTMENT OF FINANCE, ONEIDA COUNTY INDUSTRIAL DEVELOPMENT
AGENCY, ONEIDA COUNTY TREASURER, ADIRONDACK CENTRAL SCHOOL
DISTRICT, TOWN OF BOONVILLE, STEWART TITLE INSURANCE COMPANY,
ADVANTAGE ABSTRACT COMPANY, INC. And MWD-LIQUIDATION, INC.,
Defendants, Adv. Pro. No. 16-80003 (Bankr. N.D.N.Y.) on Jan. 29,
2016, as a senior secured creditor of Debtor-Defendant
MWD-Liquidation f/k/a Millers Wood Development Corporation.
Defendant County of Oneida filed a motion on Oct. 3, 2017, seeking
summary judgment. On Nov. 7, 2017, NBT filed a Memorandum of Law in
Opposition to Oneida County's Motion for Summary Judgment, which
included its cross-motion for summary judgment.

Upon deliberation, Bankruptcy Judge Diane Davis granted Oneida's
motion for summary judgment and denies NBT's cross-motion for
summary judgment.

On Feb. 28, 2008, Oneida County received an Application for Real
Property Tax Exemption filed by the Oneida County Industrial
Development Agency ("OCIDA") with the Town of Boonville's Assessor
requesting that five parcels of real property located in the Town
of Boonville be granted a tax exemption in exchange for
Debtor-Defendant MWD entering into a Payment in Lieu of Taxes
Agreement ("PILOT Agreement"). Pursuant to the exemption
application, the basis for the tax exemption was a leaseback
agreement (the "Leaseback Agreement") executed between MWD and
OCIDA. This Leaseback Agreement called for MWD, as holder of the
Real Property in fee simple, to convey a leasehold interest to
OCIDA with OCIDA then leasing the Real Property back to MWD. A
Memorandum of Lease recording this transaction was filed in the
Oneida County Clerk's Office on the same day the application was
received. The exemption application was granted shortly thereafter
and as of March 1, 2008, the annual taxable status date for towns
in Oneida County, the Real Property was declared exempt from
general taxation in the Town of Boonville, starting with School
taxes due for 2008-2009 and Town and County taxes due for 2009.

The parties agree that there is no genuine dispute as to any
material fact involving the sole issue of whether the PILOT
Agreement MWD executed with OCIDA terminated on the same date that
OCIDA terminated its Leaseback Agreement with MWD.

In this case and pursuant to the terms of the Leaseback Agreement
executed between MWD and OCIDA, MWD conveyed a leasehold interest
to OCIDA and OCIDA then leased the Real Property back to MWD. When
the leasehold interest in OCIDA was created pursuant to the Asset
Purchase Agreement, a concomitant tax exemption was also created.
At that time, OCIDA "acquired" the Real Property, giving it
jurisdiction, control, or supervision over the facility. Paragraph
three and seven of the Leaseback Agreement also include language
requiring MWD to make the PILOT and non-exempt tax payments
annually as they became due. Paragraph seven further states that by
reason of OCIDA's "ownership of the facility," MWD could only
pursue certain rights as "agents of" OCIDA. Although a legal
fiction, these sections lend support that a transfer of title was
deemed to have occurred as argued by Oneida County. In doing so,
the purpose of the Asset Purchase Agreement was realized, namely
providing the public with various benefits addressed therein.

For these reasons, the Court finds that allowing a tax exemption to
be created by conveying a leasehold interest, but not allowing it
to be terminated when that same interest is transferred away from
the entity charged with providing a public benefit would be an
absurd result. Furthermore, allowing for a tax exemption to
immediately terminate when an IDA ceases to have any interest in
property is consistent with the policy objectives of the New York
Legislature when it drafted General Municipal Law section 874.
Specifically, paragraph one of section 874 provides that "the
creation of the agency and the carrying out of its corporate
purposes is in all respects for the benefit of the people of the
state of New York and is a public purpose, and the agency shall be
regarded as performing a governmental function in the exercise of
the powers conferred upon it by this title. . . ." When the IDA as
provider and facilitator of the exemption determines that a private
entity is no longer providing a public benefit, it may immediately
terminate the entity's tax exemption. Allowing for the immediate
termination of a tax exemption when an IDA terminates its leasehold
interest best serves the policy goals of this statute.

The Court finds that the term "title," as referred to in New York
Real Property Tax Law section 520, should be interpreted to include
a leasehold interest. Therefore, the Court holds that when OCIDA
terminated its leasehold interest in the Real Property owned by
MWD, RPTL section 520 was triggered. Accordingly, by operation of
paragraph one of RPTL section 520, MWD's tax exemption ceased when
OCIDA terminated the PILOT Agreement, thereby making MWD
immediately liable for the Town of Boonville's regularly assessed
Town and County and School taxes from the April 17, 2015
termination date until the closing of MWD's section 363 sale on
Dec. 30, 2015.

Accordingly, in order for the Court to enter a separate order
directing distribution of the escrowed funds as between Oneida
County and NBT, Oneida County will need to file an amended Proof of
Claim to include the post-termination taxes due by MWD to Oneida
County from April 17, 2015 to December 30, 2015.

The bankruptcy case is in re: N-LIQUIDATION, INC., ET AL. Chapter
11, Debtors, Main Case No. 15-60823 (Bankr. N.D.N.Y.).

A full-text copy of the Memorandum Decision dated July 20, 2018 is
available at https://bit.ly/2MaNder from Leagle.com.

BT Bank, National Association, Plaintiff, represented by Jeffrey A.
Dove -- jdove@menterlaw.com -- Menter, Rudin & Trivelpiece, P.C.

Oneida County Department of Finance & Oneida County Treasurer,
Defendants, represented by Merritt S. Locke --
mlocke@saunderskahler.com -- Saunders Kahler, L.L.P.

Oneida County Industrial Development Agency, Defendant, pro se.

Adirondack Central School District, Defendant, pro se.

Town of Boonville, Defendant, pro se.

Stewart Title Insurance Company, Defendant, represented by Anthony
G. Hallak, Felt Evans, LLP.

Advantage Abstract Company, Inc., Defendant, pro se.

MWD-Liquidation, Inc., Defendant, represented by Stephen A. Donato,
Bond, Schoeneck & King, PLLC & Camille Wolnik Hill , Bond,
Schoeneck & King, PLLC.

United States Trustee, U.S. Trustee, represented by Guy A.
VanBaalen, USDOJ/U.S. Trustee Office.

                    About Nirvana Inc.

Nirvana Inc. is a manufacturer and bottler of spring water that is
captured from four natural springs on 1,600 acres of property
located in the foothills of the Adirondack Mountains at Forestport,
New York. Nirvana says its water is exceptionally pure and flows
naturally to the surface at a temperature of 42 degrees
Fahrenheit.

Nirvana is a closely-held New York corporation with a principal
office located at One Nirvana Plaza, Forestport, New York.  Nirvana
was formed on June 2, 1995 by Mozafar Rafizadeh and his brother,
Mansur Rafizadeh.  

Nirvana, Inc., and three affiliates -- Nirvana Transport, Inc.,
Nirvana Warehousing, Inc. and Millers Wood Development Corp. --
sought Chapter 11 bankruptcy protection (Bankr. N.D.N.Y. Lead Case
No. 15-60823) in Utica, New York, on June 3, 2015. The cases are
assigned to Judge Diane Davis.  

The Debtors tapped Bond, Schoeneck & King, PLLC, as general
counsel, and Teitelbaum & Baskin, LLC, as special counsel.


NCL CORP: S&P Raises Issuer Credit Rating to 'BB+', Outlook Stable
------------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Miami-based
NCL Corp. Ltd. to 'BB+' from 'BB'. The outlook is stable.

S&P said, "At the same time, we raised our issue-level rating on
NCL's $565 million (outstanding) senior notes due 2021 one notch to
'BB+', in line with the one-notch upgrade of the issuer credit
rating. The recovery rating remains '3', reflecting our expectation
for meaningful (50%-70%; rounded estimate 65%) recovery for lenders
in the event of a payment default.

"We also affirmed our 'BBB-' issue-level rating on NCL's senior
secured debt, consisting of an $875 million revolving credit
facility, a $1.4 billion term loan A, and a $375 million term loan
B, all due 2021. The recovery rating remains '1', reflecting our
expectation for very high (90%-100%; rounded estimate: 95%)
recovery for lenders in the event of a payment default. We are not
raising the issue-level rating on the secured debt because we cap
issue ratings for speculative-grade issuers at 'BBB-' regardless of
our recovery rating, since recovery is a smaller component of
credit risk when default risk is more remote, particularly
considering recovery prospects may be less predictable and more
variable for issuers near the investment-grade threshold.

"The upgrade reflects our expectation that NCL's better EBITDA and
cash flow will keep adjusted leverage in the mid- to low-3x area
through 2019, despite increased shareholder returns. We believe
this level of leverage provides a sufficient cushion relative to
our 4x adjusted debt-to-EBITDA threshold for NCL at the 'BB+'
rating level to absorb the impact of a moderate economic recession.
Further, we expect adjusted funds from operations (FFO)-to-debt to
remain in the low- to mid-20% area through 2019.  

"The stable outlook reflects our view that good anticipated cruise
demand will support net yield growth through 2019 and that EBITDA
and cash flow growth will translate into adjusted leverage in the
mid- to low-3x area through 2019, despite increased shareholder
returns. We believe this level of leverage provides sufficient
cushion such that NCL could withstand a moderate cyclical downturn
or unexpected negative event without materially breaching our 4x
adjusted debt-to-EBITDA threshold.

"We could consider a lower rating if NCL sustained adjusted
leverage above 4x and FFO-to-debt below 20%. This would occur if
NCL's EBITDA in 2019 deteriorated from our current 2018 EBITDA
forecast by around 10%, and would likely be the result of an
unexpected and meaningful adverse event such as a ship accident or
severe weather that resulted in the cancellation of a significant
number of voyages. Lower ratings would also be considered if NCL's
leverage increased and remained above 4x for an acquisition that we
believed did not meaningfully enhance its competitive position.

"A higher rating is currently unlikely given our forecast for
adjusted leverage to remain in the mid-3x area through 2019.
Nevertheless, we could raise the rating if NCL sustained adjusted
leverage under 3x and FFO-to-debt higher than 30%. Before raising
the rating, we would need to be convinced that NCL has sufficient
cushion relative to these upgrade thresholds to absorb a moderate
economic downturn. Further, before considering a higher rating, we
would want to be confident that maintaining leverage below 3x was
aligned with the company's financial policy."



NEW BEGINNING: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: New Beginning Missionary Baptist Church, Inc.
        2125 NW 155 St.
        Miami Gardens, FL 33055

Business Description: New Beginning Missionary Baptist Church,
                      Inc. is a religious organization in Miami
                      Gardens, Florida.  It previously filed for
                      bankruptcy protection on Nov. 20, 2012
                      (Bankr. S.D. Fla. Case No. 12-37848).

Chapter 11 Petition Date: August 14, 2018

Case No.: 18-19865

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Hon. Jay A. Cristol

Debtor's Counsel: Peter D. Spindel, Esq.
                  PETER SPINDEL, ESQ., PA
                  POB. 166245
                  Miami, FL 33116
                  Tel: 305-279-2126
                  Fax: 305-279-2127
                  E-mail: peterspindel@gmail.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lakeisha T. Readon, director.

The Debtor failed to incorporate in the petition a list of its 20
largest unsecured creditors.

A full-text copy of the petition is available for free at:

             http://bankrupt.com/misc/flsb18-19865.pdf


NEW ENGLAND CONFECTIONERY: Trustee Taps Huron as Consultant
-----------------------------------------------------------
Harold Murphy, the Chapter 11 trustee for New England Confectionery
Company, Inc., seeks approval from the U.S. Bankruptcy Court for
the District of Massachusetts to hire Huron Consulting Services LLC
as his litigation consultant.

The firm will assist the trustee in identifying, analyzing and
reporting on potentially voidable transactions, and if necessary,
providing deposition and court testimony.

The firm charges these hourly rates:

     Managing Director     $750 to $950  
     Senior Director       $650 to $725
     Director              $550 to $650
     Manager               $475 to $550
     Associate             $400 to $435
     Analyst                   $350

Huron is a "disinterested person" as defined in Section 101(14) of
the Bankruptcy Code, according to court filings.

The firm can be reached through:

     James M. Lukenda
     Huron Consulting Services LLC
     1166 Avenue of the Americas, 3rd Floor
     New York, NY 10036-2708
     Phone: 646-277-2207
     Fax: 508-445-0256
     Email: jlukenda@huronconsultinggroup.com

               About Necco Holdings and New England
                       Confectionery Company

NECCO Holdings, Inc., and New England Confectionery Company, Inc.
-- http://www.necco.com/-- are producers and suppliers of candy
products.

Creditors Americraft Carton, Inc., of Prairie Village, Kansas,
Ungermans Packaging Solutions of Fairfield, Iowa, and Genpro, Inc.
of Rutherford, New Jersey, filed an involuntary Chapter 7 petition
against New England Confectionery Company, Inc. (Bankr. D. Mass.
Case No. 18-11217) on April 3, 2018.  The case was converted to a
voluntary Chapter 11 bankruptcy petition on April 17, 2018.

The three petitioning creditors claimed they were owed more than
$1.6 million.  Americraft Carton is represented by Sheehan Phinney
Bass + Green PA.  Ungermans Packaging Solutions is represented by
Cohn & Dussi, LLC.  Genpro is represented by Riker, Danzig, Sherer,
Hyland & Perretti.

In the petition signed by Necco President Michael McGee, Necco
estimated $10 million to $50 million in assets and $100 million to
$500 million in liabilities.

Judge Melvin S. Hoffman presides over the case.

Necco hired Burns & Levinson LLP as its bankruptcy counsel.

In April 2018, the Court appointed Harry B. Murphy, Esq., at Murphy
& King, as Necco's Chapter 11 trustee.  The trustee hired Murphy &
King, Professional Corporation as legal counsel; Verdolino & Lowey,
P.C. as financial advisor; and Threadstone Advisors, LLC as
investment banker.

On May 10, 2018, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee tapped
Sheehan Phinney Bass & Green PA as its legal counsel.


NOON MEDITERRANEAN: Taps Ciardi Ciardi as Legal Counsel
-------------------------------------------------------
Noon Mediterranean, Inc., seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Ciardi Ciardi & Astin as
its legal counsel.

The firm will assist the Debtor in reorganizing its bankruptcy
estate; review and defend actions brought against the Debtor or its
estate; conduct discovery; and provide other legal services related
to its Chapter 11 case.

The hourly rates for the firm's attorneys range from $300 to $610.
Prior to the Petition Date, the Debtor paid the firm a retainer in
the sum of $105,000.

Ciardi and its attorneys do not hold any adverse interest in
connection with the Debtor's case, according to court filings.

The firm can be reached through:

     Joseph J. McMahon, Jr., Esq.
     Daniel K. Astin, Esq.
     Ciardi Ciardi & Astin
     1204 N. King Street
     Wilmington, DE 19801
     Tel: 302-658-1100
     Fax: 302-658-1300
     E-mail: jmcmahon@ciardilaw.com
     E-mail: dastin@ciardilaw.com

                   About Noon Mediterranean

Established in 2011, Noon Mediterranean, Inc., owns and operates
restaurants in Austin, Dallas, Houston, and San Antonio, Texas; and
New York City.  The company is headquartered in New York.

Noon Mediterranean sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 18-11814) on Aug. 6, 2018.
In the petition signed by Stefan Boyd, president and CEO, the
Debtor estimated assets of $1 million to $10 million and
liabilities of $10 million to $50 million.  Judge Brendan Linehan
Shannon presides over the case.


NORTHERN POWER: Delays Second Quarter Financial Report
------------------------------------------------------
Northern Power Systems Corp has determined that it is not able to
file its Quarterly Report on Form 10-Q for the quarter ended June
30, 2018 within the prescribed time period without unreasonable
effort or expense.  The Company said it requires additional time to
finalize its financial statements to be filed as part of the Q2
10-Q to confirm, among other things, the impact and presentation of
certain transactions and developments.  The Company expects to file
the Q2 Form 10-Q on or before Aug. 20, 2018, a date within the five
calendar day extension period provided under Rule 12b-25(b) under
the Securities Exchange Act of 1934, as amended.

                  About Northern Power Systems

Northern Power Systems -- http://www.northernpower.com/-- designs,
manufactures, and sells distributed power generation and energy
storage solutions with its advanced wind turbines, inverters,
controls, and integration services.  With approximately 21 million
run-time hours across its global fleet, Northern Power wind
turbines provide customers with clean, cost-effective, reliable
renewable energy.  NPS turbines utilize patented permanent magnet
direct drive (PMDD) technology, which uses fewer moving parts,
delivers higher energy capture, and provides increased reliability
thanks to reduced maintenance and downtime. Northern Power also
develops Energy Storage Solutions (ESS) based on the FlexPhase
power converter platform, which features patented converter
architecture and controls technology for advanced grid support and
generation applications.

Northern Power reported net income of $59,000 for the year ended
Dec. 31, 2017, compared to a net loss of $8.94 million for the year
ended Dec. 31, 2016.  As of March 31, 2018, Northern Power had
$11.75 million in total assets, $15.69 million in total liabilities
and a total shareholders' deficiency of $3.94 million.

RSM US LLP, in Boston, Massachusetts, the Company's auditor since
2014, issued a "going concern" opinion in its report on the
consolidated financial statements for the year ended Dec. 31, 2017,
citing that the Company has suffered recurring cash losses from
operations and its total liabilities exceed its total assets.  This
raises substantial doubt about the Company's ability to continue as
a going concern.


ONCOBIOLOGICS INC: Suffers $9.08 Million Net Loss in Third Quarter
------------------------------------------------------------------
Oncobiologics, Inc. has filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
attributable to common stockholders of $9.08 million on $771,890 of
collaboration revenues for the three months ended June 30, 2018,
compared to a net loss attributable to common stockholders of $5.33
million on $303,140 of collaboration revenues for the three months
ended June 30, 2017.

For the nine months ended June 30, 2018, the Company reported a net
loss attributable to common stockholders of $35.36 million on $2.31
million of collaboration revenues compared to a net loss
attributable to common stockholders of $32.47 million on $909,421
of collaboration revenues for the same period last year.

As of June 30, 2018, Oncobiologics had $34.08 million in total
assets, $43.35 million in total liabilities, $3.93 million inseries
A convertible preferred stock, and a total stockholders' deficit of
$13.19 million.

At June 30, 2018, the Company had cash of $11.8 million, compared
to $3.2 million at Sept. 30, 2017.  The increase in cash is
primarily attributable to the closing of a $15.0 million private
placement of shares of its common stock and warrants in the third
quarter of fiscal 2018 with GMS Tenshi Holdings Pte. Limited, a
Singapore private limited company and the Company's controlling
stockholder and strategic partner.

Recent Highlights:

   * Continued to prepare ONS-5010 for clinical trials

   * Converted majority of Series A convertible preferred stock
     into common stock

   * Signed first contract development and manufacturing (CDMO)
     contract

   * Completed $15.0 million private placement

"We continue to make great progress in advancing the ONS-5010
program, which is our innovative monoclonal antibody (mAb) product
candidate.  This program is expected to begin enrolling patients in
a clinical trial later this year," commented Lawrence A. Kenyon,
president and chief executive officer of Oncobiologics.

"During the third quarter of fiscal 2018, we entered into our first
CDMO contract," continued Mr. Kenyon.  "We believe that as the CDMO
business scales over time it may allow us to lower the cost to
manufacture our internal programs, while also generating cash flow
that we can use to invest in the development of our product
candidates.  We also closed on a $15.0 million private placement,
and converted the majority of our outstanding convertible preferred
stock.  These capital resources are supporting the advancement of
our ONS-5010 program as we move into the clinic," concluded Mr.
Kenyon.

A full-text copy of the Form 10-Q is available for free at:

                      https://is.gd/u3Usen

                       About Oncobiologics

Oncobiologics, Inc. -- http://www.oncobiologics.com/-- is a
clinical-stage biopharmaceutical company focused on identifying,
developing, manufacturing and commercializing complex biosimilar
therapeutics.  The Cranbury, New Jersey-based Company's current
focus is on technically challenging and commercially attractive
monoclonal antibodies, or mAbs, in the disease areas of immunology
and oncology.

Oncobiologics reported a net loss attributable to common
stockholders of $40.02 million for the year ended Sept. 30, 2017,
compared to a net loss attributable to common stockholders of
$63.13 million for the year ended Sept. 30, 2016.

As of March 31, 2018, Oncobiologics had $27.78 million in total
assets, $43.05 million in total liabilities, $18.29 million in
series A convertible preferred stock, and a total stockholders'
deficit of $33.56 million.

KPMG LLP, in Philadelphia, Pennsylvania, issued a "going concern"
qualification in its report on the consolidated financial
statements for the year ended Sept. 30, 2017, citing that the
Company has incurred recurring losses and negative cash flows from
operations since inception and has an accumulated deficit at Sept.
30, 2017 of $186.2 million, $13.5 million of senior secured notes
due in December 2018 and $4.6 million of indebtedness that is due
on demand, which raises substantial doubt about its ability to
continue as a going concern.


OXBOW CARBON: S&P Hikes Issuer Credit Rating to BB-, Outlook Stable
-------------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on West Palm
Beach, Fla.–based Oxbow Carbon LLC to 'BB-' from 'B+'. The
outlook is stable.

S&P said, "At the same time, we raised our issue-level rating on
the company's first-lien debt (which includes $325 million
revolving credit facility due 2022, $225 million term loan A due
2022, and $450 million term loan B due 2023) to 'BB' from 'BB-'.
The recovery rating is unchanged at '2', indicating our expectation
of substantial (70%-90%, rounded estimate: 80%) recovery for
lenders in the event of a payment default.

"We also raised our issue-level rating on the company's $175
million second-lien term loan B due 2024 to 'BB-' from 'B'. We
revised the recovery rating to '4' from '5', indicating our
expectation of average (30%-50%; rounded estimate: 35%) recovery in
the event of default. The recovery revision is based on based on
the reduction in secured debt and valuation revision due to a
higher EBITDA multiple.

"The upgrade reflects our expectation that the international demand
and price environment for calcined and petroleum coke will allow
Oxbow to continue generating sufficient earnings to deleverage its
balance sheet over the next 12 months, with leverage anchoring at
about 3x by the end of 2018 and moderating to 2.7x by the end of
2019. The upgrade further considers our expectation that free
operating cash flows (cash flow from operations after capital
expenditures) will increase to $150 million-$160 million by the end
of 2018, a 10% increase compared with last year, leaving positive
discretionary cash flow for debt repayment after mandatory
amortizations and unitholder distributions.

"The stable outlook on Oxbow reflects our expectation that
favorable calcined coke price and demand tailwinds, partially
offset by modestly lower profitability in the petcoke business,
should help Oxbow grow its FOCF in the next 12 months. We expect
the company's adjusted leverage will anchor around 3x by the end of
2018 and remain in the 2x-3x in 2019. We also anticipate interest
coverage will be between 4.5x-5x in 2018 and 2019.

"We could lower the rating on Oxbow if weakness in the global
petroleum, calcined coke, and energy end markets cause
weaker-than-expected cash flows that result in leverage rising
above 4x on a sustained basis or interest coverage dropping below
3x. Under this scenario, we expect the price of calcined coke to
decline by about 30% to 40% from current levels or demand for
petcoke to decline materially due to unfavorable trade policy or
other market drivers.

"We could also lower the rating if, as a result of a full company
sale, we expect Oxbow will become private-equity owned and
controlled. Under this scenario, we would expect the company's
owners to employ a more aggressive financial policy including
debt-financed dividends or other releveraging actions that would
result in adjusted leverage greater than 4x.

"Although less likely, we could raise the rating on Oxbow if the
company's adjusted leverage approached 2x on a sustained basis.
Under this scenario, we would expect the company's gross margins to
strengthen by at least 100 basis points from current levels. We
would also expect the company to generate at least $220 million in
operating cash flow and have sufficient discretionary cash flow for
debt repayment after mandatory amortizations and non-controlling
interest distributions.

"Under this scenario, we would also expect the company to resolve
its minority shareholder dispute. At that time, we would also
reassess the impact of Chinese tariff on the profitability of its
petcoke business and whether or not Oxbow is able to secure
alternative contract sales, if the level of tariffs imposed
changes."



PEOPLE'S COMMUNITY: Trustee Taps Gorfine as Financial Advisor
-------------------------------------------------------------
The liquidating trustee for The People's Community Health Centers,
Inc., seeks approval from the U.S. Bankruptcy Court for the
District of Maryland to hire a financial and tax advisor.

Charles Goldstein proposes to employ Gorfine, Schiller & Gardyn,
PA, to provide services related to the preparation of tax returns,
evaluation of tax implications of asset sales and completion of
required documents and supporting tax schedules.

The firm will charge these hourly rates:

     Officer                                   $690             
     Principal/Associate Director          $430 to $575
     Manager/Senior Manager                $340 to $410
     Senior Staff/Senior Consultant        $210 to $315

John Lyons, an officer of Gorfine, 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:

     John K. Lyons
     Gorfine, Schiller & Gardyn, PA
     10045 Red Run Blvd., Suite 250
     Owings Mills, MD 21117
     Tel: (410) 356-5900
     Fax: (410) 581-0368
     Email: jlyons@gsg-cpa.com

                   About The People's Community
    
The People's Community Health Centers, Inc., formerly known as
Medhealth of Maryland, Inc., is a health care business based at
1734 Maryland Avenue, Baltimore, Maryland.

People's Community Health Centers sought Chapter 11 protection
(Bankr. D. Md. Case No. 15-10228) on Jan. 7, 2015.  In the petition
signed by William A. Green, managing agent, the Debtor disclosed
assets at $3.04 million and liabilities at $6.73 million.  The
Debtor tapped Michael Stephen Myers, Esq., at Scarlett, Croll &
Myers, P.A., as counsel.

                          *     *     *

The Debtor was unable to put forth a feasible plan of
reorganization.

On Nov. 13, 2015, the Court approved the Plan of Liquidation
proposed by the Official Committee of Unsecured Creditors.
Pursuant to the Plan, Charles R. Goldstein was appointed as
liquidating trustee to liquidate the assets of the Debtor and to
pay the proceeds of the assets in accordance with the Plan and
applicable priorities.

Marc E. Shach, Esq., at Coon & Cole, LLC, is counsel for the
Liquidating Trustee.


PLASTIC2OIL INC: Incurs $528.8K Net Loss in Second Quarter
----------------------------------------------------------
Plastic2Oil, Inc. has filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $528,839 for the three months ended June 30, 2018, compared to
net income of $755,667 for the three months ended June 30, 2017.

For the six months ended June 30, 2018, the Company reported a net
loss of $1.09 million compared to a net loss of $352,361 for the
same period during the prior year.

As of June 30, 2018, Plastic2oil had $1.52 million in total assets,
$14.64 million in total liabilities and a total stockholders'
deficit of $13.11 million.

Plastic2Oil stated in the Quarterly Report that, "We do not have
sufficient cash to operate our business, which has forced us to
suspend our operations until such time as we receive a capital
infusion or cash advances on the sale or license of our processors
and or related technology.  We intend to source additional capital
through the sale of our equity and debt securities and other
financing methods.  We plan to use the cash proceeds from any
financing to either complete the repairs on Processors #3 to resume
production of fuels for pilot runs and customer demonstrations and
or review other options including but not limited to licensing
intellectual property and or pursuing other operational
alternatives that may become available to management as we review
the options available to the Company.  At June 30, 2018, we had a
cash balance of $22,482.  Our principal sources of liquidity in
2018 have been the proceeds of secured promissory notes and the
elimination of the reserve place against our fuel oil sale tax
bond.

"As discussed earlier in this MD&A, our processors are currently
idle and, thus, we are not producing fuel or generating fuel sales
or processor sales.  Our current cash levels are not sufficient to
enable us to make the required repairs to our processors or to
execute our business strategy as described in this Report.  As a
result, we intend to seek significant additional capital through
the sale of our equity and debt securities and other financing
methods to enable us to make the repairs, to meet ongoing operating
costs and reduce existing liabilities.  We also intend to seek cash
advances or deposits under any new processor sale agreements and/or
related technology licenses.  Management currently anticipates that
the processors will remain idle until the company can raise
additional capital.  Due to the many factors and uncertainties
involved in capital markets transactions, there can be no assurance
that we will raise sufficient capital to allow us to resume
operations in 2018, or at all. In the interim, we anticipate that
our level of operations will continue to be nominal, although we
plan to continue to market our P2O processors with the intention of
making P2O processor sales and technology licenses, along with
attempting to restart fuel oil processing.

"Our limited capital resources, lack of revenue and recurring
losses from operations raise substantial doubt about our ability to
continue as a going concern and may adversely affect our ability to
raise additional capital.  The financial statements do not include
any adjustments that might be necessary if we are unable to
continue as a going concern."

A full-text copy of the Form 10-Q is available for free at:

                        https://is.gd/2EVEFR

                          About Plastic2Oil

Plastic2Oil, Inc. is an innovative North American fuel company that
transforms unsorted, unwashed waste plastic into ultra-clean,
ultra-low sulphur fuel without the need for refinement.  The
Company's patent-pending Plastic2Oil (P2O) is a proprietary,
commercially viable, and scalable process designed to provide
immediate economic benefit for industry, communities, and
government organizations faced with waste plastic recycling
challenges.

Platic2Oil incurred a net loss of $1.47 million in 2017 and a net
loss of $5.70 million in 2016.  As of Dec. 31, 2017, Plastic2Oil
had $1.82 million in total assets, $13.96 million in total
liabilities and a total stockholders' deficit of $12.14 million.

In their report dated April 2, 2018 with respect to the Company's
consolidated financial statements for the years ended Dec. 31,
2017, D. Brooks and Associates CPA's, P.A., in Palm Beach Gardens,
Florida, the Company's independent registered public accounting
firm since 2014, expressed substantial doubt about the Company's
ability to continue as a going concern.  The auditors stated that
the Company has incurred operating losses, has incurred negative
cash flows from operations and has a working capital deficit.
These and other factors raise substantial doubt about the Company's
ability to continue as a going concern.


PRINCETON ALTERNATIVE: Taps Liggett & Webb as Accountant
--------------------------------------------------------
Princeton Alternative Funding, LLC, seeks approval from the U.S.
Bankruptcy Court for the District of New Jersey to hire an
accountant.

The Debtor proposes to employ Liggett & Webb, P.A., to prepare and
file its 2017 tax returns.  The firm's hourly rates range from $150
to $400.   

Jim Liggett, an accountant employed with Liggett & Webb, disclosed
in a court filing that he and his firm are "disinterested" as
defined in section 101(14) of the Bankruptcy Code.

Liggett & Webb can be reached through:

     Jim Liggett
     Liggett & Webb, P.A.
     432 Park Ave South, 10th Floor
     New York, NY 10016
     Phone: 212.481.3490
     Email: info@lvwcpa.com

                   About Princeton Alternative

Princeton Alternative Income Fund, LP and Princeton Alternative
Funding LLC, a fund management company, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No.
18-14603) on March 9, 2018.

In the petitions signed by John Cook, authorized representative,
PAIF estimated assets of $50 million to $100 million and
liabilities of $1 million to $10 million.  PAF had estimated assets
of less than $100,000 and liabilities of $1 million to $10 million.
Judge Michael B. Kaplan presides over the cases.  The Debtors
hired Sills Cummis & Gross P.C. as their legal counsel.


PRIVILEGE WEALTH: Chapter 15 Case Summary
-----------------------------------------
Chapter 15 Debtor:      Privilege Wealth One Limited Partnership
                        186 Main Street
                        P.O. Box 453
                        Gibraltar  

Business Description:   Privilege Wealth One Limited Partnership
                        is an investment company based in
                        Gibraltar.

Foreign Proceeding
in Which Appointment
of the Foreign
Representatives
Occurred:               Gibraltar

Chapter 15
Petition Date:          August 14, 2018

Chapter 15 Case No.:    18-19845

Court:                  United States Bankruptcy Court
                        Southern District of Florida (Miami)

Judge:                  Hon. Laurel M Isicoff

Chapter 15 Petitioners: David Ingram and
                        Frederick David John White
                        30 Finsbury Square
                        London EC2P 2YU
                        England

Chapter 15
Petitioners'
Counsel:                Leyza F. Blanco, Esq.
                        SEQUOR LAW
                        1001 Brickell Bay Drive, 9th Floor
                        Miami, FL 33131
                        Tel: 305-372-8282
                        Email: lblanco@sequorlaw.com

Estimated Assets: Unknown

Estimated Debts: Unknown

A full-text copy of the petition is available for free at:

          http://bankrupt.com/misc/flsb18-19845.pdf


PRIVILEGE WEALTH: Gibraltar Liquidators Seek U.S. Recognition
-------------------------------------------------------------
Liquidators of Privilege Wealth One Limited Partnership filed a
Chapter 15 petition in Miami, Florida, to seek U.S. recognition of
investment company's liquidation proceedings in Gibraltar.

The liquidator, David Ingram, partner in the firm of Grant Thornton
UK LLP, is asking the U.S. Bankruptcy Court for the Southern
District of Florida for recognition of the Gibraltar proceeding to
further the liquidator's investigation of assets owned by the
Debtor and assets in which the Debtor has an interest in whether
directly or indirectly.

Mr. Ingram says that recognition of the Gibraltar Proceeding in the
U.S. are of critical importance to his worldwide pursuit of assets
with which to satisfy unpaid claims as well as to the investigation
and recovery of any assets and/or claims located in the U.S.

The Debtor is a private limited partnership that was registered
with the Registrar of Partnerships in Gibraltar on April 24, 2013,
under the company number 093.

On or about 2014, the Debtor jointly with general partner Privilege
Wealth  Management Limited ("PWML") issued loan note instruments in
three tranches: (1) "Series A" GBP denominations; (2) "Series B"
USD denominations; and (3) "Series C" EUR denominations.  According
to the Debtor’s introduction letter, the Debtor would directly
concentrate in investing into the U.S. Pay-Day loan and
Asset-Backed lending sector.

On July 22, 2015, Privilege Wealth PLC ("PWPLC") was registered in
the United Kingdom.  Thereafter, PWOL became the largest investor
of PWPLC with a claim amount in the amount of GBP28,440,125.

On Jan. 23, 2018, PWPLC was placed into Administration pursuant to
the England and Wales Insolvency Act of 1986.  Messrs. John
Kelmanson and Stephen Katz were appointed as the Joint
Administrators of PWPLC.

On March 17, 2018, the Administrators filed a "Notice of
Administrator's Proposal" in the UK Companies House summarizing the
financial difficulties of PWPLC that led to its Administration.

According to PWPLC's Notice of Administrator's Proposal, PWML is
the largest investor of PWPLC.

As further detailed in Sections 1.1 to 1.11, the Debtor is a
principal investor and had invested funds secured from its loan
note holders, bondholders and investors in PWPLC.  PWPLC's
principal purpose was to raise funds for its overseas subsidiaries
and the business model of the group was pay day loans with Oliphant
Group/Oliphant Financial as a trading partner namely Oliphant
Financial LLC, Oliphant Financial Group LLC, and Oliphant Funding
LLC, entities incorporated or operating in Florida.

Richard Leclerc, a creditor of the Debtor who provided funds to
invest with the Debtor, filed a Statutory Demand under Section 141
of the Insolvency Act requesting payment of money owed by the
Debtor and PWML pursuant to a loan note agreement.

The Statutory Demand letter was filed and served on the Debtor on
March 15,2018.  Pursuant to the Statutory Demand the Debtor had 21
days to and through April 5, 2018 to request that the court set
aside the Statutory Demand pursuant to section 142 of the
Insolvency Act.  The Debtor failed to comply with the Statutory
Demand and file any responsive document.  Thus, Leclerc filed an
application for appointment of liquidator to place the Debtor into
liquidation on or about May 2, 2018.

On June 6, 2018, the Gibraltar Court ordered the compulsory
liquidation of the Debtor and appointed Grant Thornton UK LLP's
David Ingram as one of the joint judicial liquidators.

As of June 6, 2018, the Liquidator has been the authorized as one
of the joint liquidators of the Debtor.  In that capacity, the
Liquidator is empowered to seek recovery of all assets and rights,
wherever located, in settlement of the insolvent's liabilities and
is duty bound to pursue assets and claims of the Debtor in the
United States.

A liquidation proceeding was also commenced in Gibraltar regarding
PWML in which the Liquidator was appointed joint liquidator.

                  About Privilege Wealth One LP

Privilege Wealth One Limited Partnership was an investment company
based in Gibraltar.

Liquidators of PWOL commenced a Chapter 15 case (Bankr. S.D. Fla.
Case No. 18-19845) on Aug. 14, 2018, to seek U.S. recognition of
liquidation proceedings in Gibraltar.  The U.S. judge is the Hon.
Laurel M Isicoff.  Liquidators David Ingram and Frederick David
John White of Grant Thornton UK LLP signed the Chapter 15 petition.
SEQUOR LAW, led by Leyza F. Blanco, is the U.S. counsel.



QUEST PATENT: Incurs $375,000 Net Loss in Second Quarter
--------------------------------------------------------
Quest Patent Research Corporation has filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting a
net loss of $375,027 on $5,635 of licensed sales for the three
months ended June 30, 2018, compared to a net loss of $306,343 on
$2,846 of licensed sales for the three months ended June 30, 2017.

For the six months ended June 30, 2018, the Company recognized a
net loss of $828,944 on $13,953 of licensed sales compared to a net
loss of $569,660 on $5,663 of licensed sales for the six months
ended June 30, 2017.

As of June 30, 2018, the Company had $2.27 million in total assets,
$5.53 million in total liabilities and a total stockholders'
deficit of $3.25 million.

At June 30, 2018, the Company had current assets of approximately
$20,000, and current liabilities of approximately $4,796,000.  Its
current liabilities include $100,000 payment due to Intellectual
Ventures on account of the purchase price of the patent portfolios
the Company purchased from IV 34/37 and loans payable of $163,000
and accrued interest of approximately $273,000 due to former
directors and minority stockholders.  As of June 30, 2018, the
Company has an accumulated deficit of approximately $17,377,000 and
a negative working capital of approximately $4,776,000.  Other than
salary to the Company's chief executive officer, the Company does
not contemplate any other material operating expense in the near
future other than normal general and administrative expenses,
including expenses relating to its status as a public company
filing reports with the SEC.

"We cannot assure you that we will be successful in generating
future revenues, in obtaining additional debt or equity financing
or that such additional debt or equity financing will be available
on terms acceptable to us, if at all, or that we will be able to
obtain any third-party funding in connection with any of our
intellectual property portfolios.  We have no credit facilities.

"We have an agreement with a funding source which is providing
litigation financing in connection with our pending litigation
relating to our mobile data portfolio, and we have two agreements
with a second funding source which is providing litigation
financing in connection with our pending litigation relating to our
power management/bus control and anchor structure portfolios. We
cannot predict the success of any pending or future litigation. Our
obligations to United Wireless are not contingent upon the success
of any litigation.  If we fail to generate a sufficient recovery in
these actions (net of any portion of any recovery payable to the
funding source or our legal counsel) in a timely manner to enable
us to pay United Wireless on the loans made to us, we would be in
default under our agreements with United Wireless which could
result in United Wireless obtaining ownership of the three
subsidiaries which own the patent rights we acquired from
Intellectual Ventures. Our agreements with the funding sources
provide that the funding sources will participate in any recovery
which is generated.  We believe that our financial condition, our
history of losses and negative cash flow from operations, and our
low stock price make it difficult for us to raise funds in the debt
or equity markets," the Company stated in the Quarterly Report.

A full-text copy of the Form 10-Q is available for free at:

                      https://is.gd/JgoEMW

                       About Quest Patent

Quest Patent Research Corporation is an intellectual property asset
management company.  The Company's principal operations include the
development, acquisition, licensing and enforcement of intellectual
property rights that are either owned or controlled by the Company
or one of its wholly owned subsidiaries.  The Company currently
owns, control or manage eight intellectual property portfolios,
which principally consist of patent rights.  The Company's eight
intellectual property portfolios include the three portfolios which
the Company acquired in October 2015 from Intellectual Ventures
Assets 16, LLC.

Quest Patent incurred a net loss of $1.16 million in 2017 following
a net loss of $956,000 in 2016.  As of Dec. 31, 2017, Quest Patent
had $2.63 million in total assets, $5.06 million in total
liabilities and a total stockholders' deficit of $2.42 million.

MaloneBailey, LLP, in Houston, Texas, the Company's auditor since
2013, issued a "going concern" opinion in its report on the
consolidated financial statements for the year ended Dec. 31, 2017
stating that the Company has suffered recurring losses from
operations and has a net capital deficiency that raises substantial
doubt about its ability to continue as a going concern.


R-BOC REPRESENTATIVES: Seeks Extension to File Plan & DS to Oct. 17
-------------------------------------------------------------------
R-BOC Representatives, Inc., asks the U.S. Bankruptcy Court for the
District of Illinois, Eastern Division, to extend the date to file
its Chapter 11 plan and disclosure statement to October 17, 2018.

The Debtor seeks filing extension on the following grounds:

   -- There is a companion case, Robert W. Lundeen and Carolyn M.
Lundeen, Case No. 17-28584.

   -- What predicated these cases by the Lundeens and R-BOC is that
a judgment was entered in the U.S. District Court in the
approximate amount of $7,000,000, against them jointly and
severally arising from alleged patent violations.  Since the last
time the parties appeared for a status on this matter the appeal
was decided in favor of the creditor, and against the Debtor.

   -- R-BOC continues to operate as a Debtor-in-Possession and is
operating on a cash basis and is cash positive.

The Bankruptcy Court has set August 17, 2018, for R-BOC and for the
Lundeens to file a Plan and Disclosure Statement.

There is also pending before the Bankruptcy Court an adversary
proceeding by the creditor, John Minemyer, to determine the
dischargeability of his debt.  The Debtor has filed a motion to
dismiss.  The plaintiff has not filed his response to the motion.

Other parties are now presently liable to Minemyer as a result of
the dismissal of the appeal.  In order to file the Plan and
Disclosure Statement, the Debtor needs to ascertain any amounts
paid on the judgment by the co-defendants and claimants in this
case, namely Dura-Line and Krajecki.  The Debtor may need to object
to claims as presently filed to make the proper adjustment to the
claims to the extent that the other parties have satisfied a
portion of Minemyer’s judgment.  Once the liability to Minemyer
and other claimants are ascertained with finality it would be
appropriate to file the Plan.

              About R-BOC Representatives, Inc.

R-BOC Representatives, Inc. is an Illinois corporation with its
principal place of business in Saint Charles, Illinois. Established
in June 2003, R-BOC Representatives manufactures plastic,
reverse-threaded couplers, micro-couplers, and Push-2-Connect
couplers for the telecommunications market serving the Ohio,
Michigan, Indiana, Illinois, Wisconsin, Iowa, and Minnesota areas.

R-BOC Representatives, Inc., based in Saint Charles, IL, filed a
Chapter 11 petition (Bankr. N.D. Ill. Case No. 17-28555) on
September 25, 2017. The Hon. Deborah L. Thorne presides over the
case. Richard G. Larsen, Esq., at Springer Brown, LLC, serves as
bankruptcy counsel.

In its petition, the Debtor estimated $500,000 to $1 million in
assets and $10 million to $50 million in liabilities. The petition
was signed by Carolyn Lundeen, president.


RESOLUTE FOREST: Moody's Hikes CFR to Ba3 & Sr. Unsec. Notes to B1
------------------------------------------------------------------
Moody's Investors Service upgraded Resolute Forest Products Inc.'s
corporate family rating to Ba3 from B1, probability of default
rating to Ba3-PD from B1-PD and senior unsecured notes to B1 from
B2. The speculative grade liquidity rating was affirmed at SGL-1
and Resolute's rating outlook is stable.

"The upgrade reflects improvement in Resolute's financial and
operational performance and its view that leverage (adjusted Debt
to EBITDA) will remain around 4x over the next 12 to 18 months",
said Ed Sustar, Senior Vice President with Moody's.

Upgrades:

Issuer: Resolute Forest Products Inc.

Probability of Default Rating, Upgraded to Ba3-PD from B1-PD

Corporate Family Rating, Upgraded to Ba3 from B1

Senior Unsecured Regular Bond/Debenture, Upgraded to B1 (LGD4) from
B2 (LGD4)

Outlook Actions:

Issuer: Resolute Forest Products Inc.

Outlook, Remains Stable

Affirmations:

Issuer: Resolute Forest Products Inc.

Speculative Grade Liquidity Rating, Affirmed SGL-1

RATINGS RATIONALE

Resolute (Ba3 stable) benefits from strong liquidity and the
diversity provided by the company's leading newsprint and specialty
papers (which represents 49% of the company's revenue), pulp (26%
of sales), lumber (23%) and growing tissue (2%) operations. Moody's
expects the company's leverage to remain around 4.5x (after duties
and including the company's unfunded pension liabilities) over the
next 12-18 months, as any earning declines are offset by debt
repayments and required pension contributions. Credit challenges
include the company's exposure to the declining paper business
(about 49% of revenues), volatile lumber and pulp pricing and
demand, and the execution risks in the company's transformation
away from declining grades of paper.

Although Resolute is positioned to benefit from strengthening
lumber demand as US housing starts increase toward trend levels, as
well as stronger pulp demand due in part to China's reduced
reliance on recycled fiber, seasonal trends and increases in supply
are expected to bring lumber and pulp prices down over the next 12
months.

Its credit view is tempered by the uncertainties regarding tariffs
that have been levied across some of Resolute's exports, as well as
the potential negotiation of a new softwood lumber agreement
between Canada and the US.

Resolute's SGL-1 liquidity rating reflects the company's strong
liquidity position with $817 million of sources available to cover
$126 million of debt payments and required pension contributions.
The company's sources of liquidity include $6 million of cash (June
2018), combined availability of $511 million under its $600 million
asset-based revolving credit facility (ABL) that matures in May
2020 and $139 million credit facility that matures September 2022
(net of borrowing base restrictions, drawings and letter of credit
use), and Moody's projected cash generation of about $300 million
(including supercalendered paper tariff refunds, lumber and
newsprint tariff deposits) over the next four quarters. Resolute
has about $125 million of required pension contributions and $1
million of debt due over the next 4 quarters. The ABL has a minimum
fixed charge covenant which is not expected to be triggered over
the next 12 months.

The B1 rating on the company's $600 million senior unsecured notes
are a notch below the CFR, reflecting the note holders' subordinate
position behind the secured $600 million asset-based revolving
credit facility (unrated) and $185 million secured credit facility
(unrated).

The stable rating outlook reflects its expectation that Resolute
will be able to maintain strong liquidity and leverage around 4x
through volatile industry conditions. Moody's expects that lumber,
pulp and newsprint prices, which are currently at above trend
levels, will decline over the next 4 quarters. This will be
partially offset by higher specialty products pricing and stronger
earnings from the ramp-up of Resolute's new tissue business. The
outlook also incorporates its expectation that higher than trend
paper prices may negatively affect demand, as publishers increase
their move to digital alternatives, reduce pagination and/or the
periodicity of their publications. Moody's expects the commitment
from the sector to reduce paper supply in pace with ongoing demand
declines.

Factors that could lead to an upgrade:

  -- Sustained improved operating and financial performance

  -- Quantitatively, this could result if Resolute is able to
maintain Debt/EBITDA around 3.5x (5.7x LTM March 2018) and
(RCF-Capex)/Debt around 10% (8% LTM March 2018), adjusted per
Moody's standard definitions and based on its forward view of
sustained financial performance

Factors that could lead to a downgrade:

-- Significant deterioration in operating performance and liquidity
position

-- Debt/EBITDA exceeds 4.5x (5.7x LTM March 2018) or
(RCF-Capex)/Debt drops below 5% (8% LTM March 2018), adjusted per
Moody's standard definitions and based on its forward view of
sustained financial performance

The principal methodology used in these ratings was Paper and
Forest Products Industry published in March 2018.

Headquartered in Montreal (Quebec, Canada), Resolute produces
newsprint, commercial printing papers, market pulp, lumber and
tissue. Net sales for the last twelve months ending June 2018 were
$3.6 billion.


RISE ENTERPRISES: Sept. 26 Hearing on Disclosure Statement
----------------------------------------------------------
The hearing to consider approval of the disclosure statement
explaining Rise Enterprises SE's plan is set for September 26,
2018, at 9:00 A.M.

The final hearing on the Motion for Relief from Stay scheduled for
September 25, 2018 at 1:30 P.M. is rescheduled for September 25,
2018 at 9:00 A.M.

As previously reported by The Troubled Company Reporter, unsecured
claims, classified in Class 7, of $35,001 or more is estimated at
$1,888,360.78.  The allowed claims under this class will receive a
dividend of 5%, in equal monthly installments during the term of 72
months, in full payment of their claims.  Class 7 is impaired.

Class 8 - Unsecured Claims of $35,000 or less is estimated at
$49,003.81.  The allowed claims under this class will receive a
dividend of 5% on the Effective Date of the Plan in full payment of
their claims.  Class 8 is impaired.

The funds to pay creditors under the Plan will be obtained from the
Debtor's rent, sale of assets, collection of accounts receivable,
contributions, or any other funds that the Debtor may be entitled
to receive.  If funds are received from actions to be litigated,
they will be used to fund the Plan.

A copy of the Disclosure Statement from PacerMonitor.com is
available at https://tinyurl.com/y9rhj52s at no charge.

                     About Rise Enterprises

Rise Enterprises, S.E., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 17-04678) on June 30, 2017.
In the petition signed by Ismael Falcon Ortega, partner, the
Debtor estimated assets of less than $1 million and liabilities of
$1 million to $10 million.  Judge Mildred Caban Flores presides
over the case.  Mary Ann Gandia, Esq., at Gandia-Fabian Law Office,
serves as the Debtor's bankruptcy counsel.


RODEO ROOFING: Taps Gordon Osaka as Special Counsel in CRS Suit
---------------------------------------------------------------
Rodeo Roofing LLC seeks approval from the U.S. Bankruptcy Court for
the Eastern District of Washington to retain Gordon Osaka, Esq., as
special counsel.

The attorney will continue to represent the Debtor in a case it
filed against Commercial Roofing Solutions (Case No. 17CV13597) in
Clackamas County Court.  The hourly fee is $450.

Mr. Osaka neither holds nor represents any interest adverse to the
Debtor's estate, according to court filings.

Mr. Osaka maintains an office at:

     Gordon L. Osaka, Esq.
     1000 SW Broadway, Suite 940
     Portland, OR 97205
     Phone: (503) 241-8005

                       About Rodeo Roofing

Rodeo Roofing LLC, based in Yakima, Washington, filed a Chapter 11
petition (Bankr. E.D. Wash. Case No. 18-02005) on July 16, 2018.
The Hon. Frank L. Kurtz presides over the case.  Metiner G. Kimel,
Esq., at Kimel Law Offices, serves as bankruptcy counsel.  In the
petition signed by Brian Fleming, president and managing member,
the Debtor estimated less than $50,000 in assets and $1 million to
$10 million in liabilities.  The Debtor tapped Kimel Law Offices as
its legal counsel.


SAMUELS JEWELERS: Taps Prime Clerk as Claims and Noticing Agent
---------------------------------------------------------------
Samuels Jewelers, Inc. received approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Prime Clerk LLC as
claims and noticing agent.

The firm will oversee the distribution of notices and the
maintenance, processing and docketing of proofs of claim filed in
the Debtor's Chapter 11 case.  

Prime Clerk will charge these hourly rates:

     Claim and Noticing Rates:

     Analyst                             $30 to $50
     Technology Consultant               $35 to $95
     Consultant/Senior Consultant        $65 to $165
     Director                           $175 to $195
     COO/Executive VP                    No charge  

     Solicitation, Balloting and Tabulation Rates:

     Solicitation Consultant                 $190
     Director of Solicitation                $210

Benjamin Steele, vice-president of Prime Clerk, disclosed in a
court filing that his firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

Prime Clerk can be reached through:

     Benjamin J. Steele
     Prime Clerk LLC
     830 Third Avenue, 9th Floor
     New York, NY 10022
     Direct: (212) 257-5490
     Mobile: 646-240-7821
     Email: bsteele@primeclerk.com

                      About Samuels Jewelers

Samuels Jewelers, Inc. -- http://www.samuelsjewelers.com/--
operates a chain of jewelry stores with more than 120 stores in 23
states across the United States.  These stores are located
primarily in strip-mall centers, major shopping malls and as
stand-alone stores.  

Samuels Jewelers, Inc. filed for Chapter 11 protection (Bankr. D.
Del. Lead Case No. 18-11818) on Aug. 7, 2018.  The petitions were
signed by Farhad K. Wadia, chief executive officer.  Samuels
Jewelers, Inc. has total estimated assets of $100 million to $500
million and total estimated liabilities of $100 million to $500
million.

The Debtors tapped Daniel J. DeFranceschi, Esq. and Zachary I
Shapiro, Esq. of Richards, Layton & Finger, P.A., as counsel.
Berkeley Research Group, LLC, acts as financial advisor and Prime
Clerk LLC serves as claims and noticing agent to the Debtors.


SEACOR HOLDINGS: Egan-Jones Hikes FC Senior Unsecured Rating to B
-----------------------------------------------------------------
Egan-Jones Ratings Company, on August 10, 2018, upgraded the
foreign currency senior unsecured rating on debt issued by SEACOR
Holdings Incorporated to B from B-.

SEACOR Holdings is a Fort Lauderdale, Florida, based public company
in the marine services business. It has 5,316 employees as of 2013
and sales of annual sales of $1.6 billion. Florida Trend ranked it
as Florida's 35th largest company.


SEARS HOLDINGS: ESL Submits Non-Binding Bid for Kenmore and SHIP
----------------------------------------------------------------
ESL Partners, L.P. delivered on Aug. 14, 2018 a letter to the
Special Committee of the Board of Directors of Sears Holdings
Corporation pursuant to which it submitted a non-binding proposal
for the acquisition of Kenmore and Sears Home Services division
(SHIP) and to update the Special Committee regarding its plans with
respect to Parts Direct and certain other transactions, as well as
to re-emphasize its firm belief that these transactions should be
undertaken together with tender and exchange offers designed to
allow Holdings to reduce its debt, extend its maturity profile and
alleviate its liquidity challenges.  The Bid Proposal indicates
that ESL is proposing to acquire Kenmore in a cash acquisition
based on a cash-free, debt-free enterprise value of $400 million,
subject to adjustment in respect of the working capital and assets
and liabilities of the Kenmore business at closing.  The Bid
Proposal notes that ESL has been discussing with potential partners
their participation in the acquisition of Kenmore, and that the
transaction would be conditioned on ESL's receipt of equity
financing from a potential partner on terms acceptable to it.

The Bid Proposal also indicates that ESL is proposing to acquire
SHIP in a cash acquisition based on a cash-free, debt-free
enterprise value of $70 million, subject to adjustment in respect
of the working capital and assets and liabilities of the SHIP
business at closing.  In addition, the Bid Proposal contemplates an
additional contingent payment of $10 million if the 2018
stand-alone EBITDA of the SHIP business achieves 85% of the SHIP
management projections (inclusive of stand-alone adjustments).

The Bid Proposal further notes that while ESL continues to evaluate
a potential transaction involving Parts Direct, it has prioritized
transactions involving Kenmore and SHIP in light of the
complexities of separating Parts Direct from Sears Home Services
Division and the timeline required to complete such a transaction.
The Bid Proposal also notes that the Reporting Persons are planning
to engage with potential third party investors to solicit interest
in a transaction involving all or portions of Holdings’
encumbered real estate.

The Bid Proposal reflects a non-binding indication of interest, and
does not constitute or create a binding obligation or commitment of
any of the Reporting Persons to proceed with, or consummate, any
transaction.

As of Aug. 14, 2018, ESL and its related entities reported
beneficial ownership of shares of common stock of Sears Holdings:

                                       Shares      Percentage
                                    Beneficially       of
   Reporting Person                     Owned        Shares
   ----------------                 ------------   ----------
ESL Partners, L.P.                  154,657,339      73.9%
JPP II, LLC                          62,421,115      36.6%
SPE I Partners, LP                      150,124       0.1%
SPE Master I, LP                        193,341       0.2%
RBS Partners, L.P.                  155,000,804        74%
ESL Investments, Inc.               155,000,804        74%
JPP, LLC                             42,848,766      28.3%
Edward S. Lampert                   155,000,804        74%

A full-text copy of the regulatory filing is available at:

                       https://is.gd/fNTqC8

                       About Sears Holdings

Based in Hoffman Estates, Illinois, Sears Holdings Corporation
(NASDAQ: SHLD) -- http://www.searsholdings.com/-- is an integrated
retailer focused on seamlessly connecting the digital and physical
shopping experiences to serve its members.  Sears Holdings is home
to Shop Your Way, a social shopping platform offering members
rewards for shopping at Sears and Kmart, as well as with other
retail partners across categories important to them.  The Company
operates through its subsidiaries, including Sears, Roebuck and Co.
and Kmart Corporation, with full-line and specialty retail stores
across the United States.

Sears Holdings reported a net loss of $383 million on $16.70
billion of total revenues for the year ended Feb. 3, 2018, compared
to a net loss of $2.22 billion on $22.13 billion of total revenues
for the year ended Jan. 28, 2017.  As of May 5, 2018, Sears
Holdings had $7.28 billion in total assets, $11.39 billion in total
liabilities and a total deficit of $4.11 billion.

                          *     *     *

In April 2018, S&P Global Ratings raised its corporate credit
rating on Sears Holdings to 'CCC-' from 'SD' and its short-term
corporate credit rating on Sears Roebuck Acceptance Corp. to 'C'
from 'SD'.  The outlook is negative.  S&P said, "The upgrade
reflects our view that Sears has addressed most but not all of the
2018 maturities and will need to continue to raise capital as well
as make further progress on reducing cash use and losses.

In March 2018, Fitch Ratings upgraded Sears Long-Term IDR to 'CC'
from 'RD', which Fitch believes is reflective of the post-DDE
credit profile given ongoing restructuring concerns.

In January 2018, Moody's Investors Service downgraded Sears
Holdings' Corporate Family Rating to 'Ca' from 'Caa3'.  Sears' 'Ca'
rating reflects the company's announced pursuit of debt exchanges
to extend maturities and its sizable operating losses - Domestic
Adjusted EBITDA was an estimated loss of $625 million for the LTM
period ending Oct. 28, 2017.


SKEFCO PROPERTIES: Aug. 30 Hearing on Disclosure Statement
----------------------------------------------------------
The hearing to consider approval of the disclosure statement
explaining Skefco Properties Inc.'s plan is set for August 30,
2018, at 9:30 A.M.

Skefco has no unsecured creditors, according to the company's
disclosure statement.  A copy of the disclosure statement is
available for free at:

     http://bankrupt.com/misc/tnwb17-28262-98.pdf

                      About Skefco Properties

Skefco Properties, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Tenn. Case No. 17-28262) on Sept. 19, 2017.  In the
petition signed by its president, James Skefos, the Debtor
estimated assets and liabilities under $500,000.  The Debtor hired
The Law Office of Craig & Lofton, P.C., as its bankruptcy counsel;
and Eugene G. Douglass, Esq., as co-counsel.


SOUTHWEST SYSTEMS: Seeks to Hire Foundation Ltd. as CRO
-------------------------------------------------------
Southwest Systems, Corp., seeks approval from the U.S. Bankruptcy
Court for the District of Colorado to hire a chief restructuring
officer.

The Debtor proposes to employ Foundation Ltd. to assist in
restructuring its financial obligations and provide other services
related to its Chapter 11 case.

Foundation will get a base compensation of $2,500 per month on
condition that it will spend eight service hours per month, and
will be paid $400 per hour for additional services.

Randel Lewis, manager of Foundation, disclosed in a court filing
that he and his firm do not hold any interest adverse to the
Debtor's estate.

The firm can be reached through:

     Randel Lewis
     Foundation Ltd.
     1600 Wynkoop Street, Suite 200
     Denver, CO 80202

                   About Southwest Systems Corp.

Southwest Systems Corp. operates a business that involves software
development.  Southwest Systems filed its voluntary petition for
relief under Chapter 7 (Bankr. D. Colo. Case No. 17-13370) on April
14, 2017.  On July 3, 2018, the Debtor voluntarily converted its
case to one under Chapter 11 of the Bankruptcy Code.  The Debtor
hired Weinman & Associates, P.C., as its legal counsel.


SPANISH BROADCASTING: Suffers $2M Net Loss in Second Quarter
------------------------------------------------------------
Spanish Broadcasting System, Inc., reported a net loss of $1.99
million for the three months ended June 30, 2018, compared to net
income of $2.56 million for the three months ended June 30, 2017.

For the six months ended June 30, 2018, the Company reported a net
loss of $5.36 million compared to a net loss of $8.27 million for
the same period during the prior year.

As of June 30, 2018, the Company had $437.38 million in total
assets, $538.63 million in total liabilities and a total
stockholders' deficit of $101.24 million.

"Our second quarter results marked a continuation of our solid
financial and operating performance as we built upon the momentum
in our business," said Raul Alarcon, Chairman and CEO.  "Our
top-line growth was supported by a continued focus on actively
managing our costs which were down significantly compared to last
year and helped drive healthy margin expansion.  We have built a
multi-platform leadership position serving the needs of Latinos
nationwide and connecting brands with highly attractive demographic
groups.  Moving forward, we will remain focused on advancing our
multi-platform strategy while driving improved performance."

For the quarter-ended June 30, 2018, consolidated net revenues
totaled $34.8 million compared to $34.2 million for the same prior
year period, resulting in an increase of $0.6 million or 2%.  The
Company's radio segment net revenues remained flat due to increases
in network and local revenue, which were offset by decreases in
barter, special events, national and digital sales.  Its local
sales increased in its Los Angeles, Puerto Rico, Miami and San
Francisco markets, while its national sales increased in its Los
Angeles, Puerto Rico, and San Francisco markets.  The Company's
special events revenue decreased primarily in its San Francisco and
Los Angeles markets, mainly due to lower event activity which was
partially offset by increases in its Puerto Rico, New York, and
Miami markets.  The Company's television segment net revenues
increased by $0.6 million or 21%, due to the increases in local and
subscriber-based revenues, and hurricane related insurance proceeds
for business interruption in Puerto Rico.
  
Consolidated Adjusted OIBDA, a non-GAAP measure, totaled $11.6
million compared to $8.1 million for the same prior year period,
representing an increase of $3.5 million or 44%.  The Company's
radio segment Adjusted OIBDA increased $3.2 million or 30%,
primarily due to a decrease in operating expenses of $3.2 million.
Radio station operating expenses decreased mainly due to the impact
of legal settlements and decreases in special events, taxes and
licenses, and barter expenses partially offset by increases in
professional fees and marketing expenses.  The Company's television
segment Adjusted OIBDA increased $1.0 million, due to the decrease
in operating expenses of $0.4 million and the increase in net
revenues of $0.6 million.  Television station operating expenses
decreased primarily due to reductions in programming related
production costs, legal fees and bad debt expense and partially
offset by a decrease in production tax credits.  The Company's
corporate Adjusted OIBDA worsened $0.7 million or 25%, mostly due
to an increase in bonuses and legal fees.

Operating income totaled $9.1 million compared to $16.5 million for
the same prior year period, representing a decrease of $7.3 million
or 45%.  This decrease was primarily due to having recognized a
gain on the sale of its Los Angeles facility in the prior year and
impairing an FCC broadcasting license in the current year partially
offset by the increase in net revenues, the decrease in operating
expenses and recapitalization costs.

For the six-months ended June 30, 2018, consolidated net revenues
totaled $68.7 million compared to $65.5 million for the same prior
year period, resulting in an increase of $3.2 million or 5%.  The
Company's radio segment net revenues increased $1.0 million or 2%,
due to increases in network, local, and special event revenue,
which were partially offset by decreases in barter and national
revenues.  The Company's local sales increased in its Puerto Rico
and Los Angeles markets, while its national sales decreased in our
New York, San Francisco and Miami markets.  The Company's
television segment net revenues increased by $2.1 million or 35%,
due to increases in special events, and subscriber-based revenues
and hurricane related insurance proceeds for business interruption
in Puerto Rico.

Consolidated Adjusted OIBDA, a non-GAAP measure, totaled $20.9
million compared to $13.9 million for the same prior year period,
representing an increase of $7.0 million or 50%.  The Company's
radio segment Adjusted OIBDA increased $6.0 million or 31%,
primarily due to a decrease in operating expenses of $5.0 million
and an increase in net revenues of $1.0 million.  Radio station
operating expenses decreased mainly due to the impact of legal
settlements and decreases in digital development and content
production costs related to the LaMusica application, special
events, taxes and licenses, and barter expenses partially offset by
increases in professional fees and marketing expenses.  The
Company's television segment Adjusted OIBDA increased $2.3 million,
due to the decrease in station operating expenses of $0.1 million,
and the increase in net revenues of $2.1 million.  Television
station operating expenses decreased primarily due to reductions in
programming related production costs and professional fees offset
by increases in special event expenses.  The Company's corporate
Adjusted OIBDA worsened by $1.3 million or 25%, mostly due to an
increase in bonuses, legal fees and travel related expenses.

Operating income totaled $16.7 million compared to $20.3 million
for the same prior year period, representing a decrease of $3.6
million or 18%.  This decrease was primarily due to having
recognized a gain on the sale of its Los Angeles facility in the
prior year and impairing an FCC broadcasting license in the current
year partially offset by the increase in net revenues, the decrease
in operating expenses and recapitalization costs.

A full-text copy of the Form 10-Q is available for free at:

                        https://is.gd/FwX0w5

                     About Spanish Broadcasting

Based in Miami, Florida, Spanish Broadcasting System, Inc.
(OTCMKTS:SBSAA) -- http://www.spanishbroadcasting.com/-- owns and
operates 17 radio stations located in the top U.S. Hispanic markets
of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto
Rico, airing the Spanish Tropical, Regional Mexican, Spanish Adult
Contemporary, Top 40 and Latin Rhythmic format genres.  SBS also
operates AIRE Radio Networks, a national radio platform which
creates, distributes and markets leading Spanish-language radio
programming to over 250 affiliated stations reaching 94% of the
U.S. Hispanic audience.  SBS also owns MegaTV, a television
operation with over-the-air, cable and satellite distribution and
affiliates throughout the U.S. and Puerto Rico. SBS also produces
live concerts and events and owns multiple bilingual websites,
including www.LaMusica.com, an online destination and mobile app
providing content related to Latin music, entertainment, news and
culture.

The report from the Company's independent accounting firm Crowe
Horwath LLP, the Company's auditor since 2013, on the consolidated
financial statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the 12.5% Senior Secured Notes
had a maturity date of April 15, 2017.  Cash from operations or the
sale of assets was not sufficient to repay the notes when they
became due.  In addition, for the year ended Dec. 31, 2017, the
Company had a working capital deficiency and negative cash flows
from operations.  These factors raise substantial doubt about its
ability to continue as a going concern.

Spanish Broadcasting reported net income of $19.62 million for the
year ended Dec. 31, 2017, compared to a net loss of $16.34 million
for the year ended Dec. 31, 2016.  As of March 31, 2018, Spanish
Broadcasting had $435.6 million in total assets, $534.9 million in
total liabilities and a total stockholders' deficit of $99.26
million.

                          *     *     *

In May 2017, S&P Global Ratings withdrew its 'D' corporate credit
rating and issue-level ratings on Spanish Broadcasting System.  "We
withdrew the ratings because we were unlikely to raise them from
'D', based on SBS' ongoing plans to restructure its debt," said S&P
Global Ratings' credit analyst Scott Zari.  S&P had downgraded SBS
to 'D' on April 21, 2017, following the company's announcement that
it didn't repay its $275 million 12.5% senior secured notes that
were due April 15, 2017, as reported by the TCR on May 25, 2017.

In April 2017, Moody's Investors Service downgraded SBS's corporate
family rating to 'Ca' from 'Caa2'.  SBS's 'Ca' corporate family
rating reflects an elevated expected loss rate following the
default under the company's 12.5% senior secured notes due April
2017, said Moody's.


STARWOOD PROPERTY: Moody's Rates $300MM Sr. Unsec. Notes 'Ba3'
--------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to Starwood
Property Trust, Inc.'s $300 million senior unsecured notes. The
company's corporate family and senior secured term loan ratings
remain unchanged at Ba2 and Ba1, respectively, and the outlook for
all ratings is stable.

Assignments:

Issuer: Starwood Property Trust, Inc.

Senior Unsecured Regular Bond/Debenture, Assigned Ba3

RATINGS RATIONALE

Moody's assigned the Ba3 rating to the proposed notes based on
Starwood's Ba2 corporate family credit profile, the notes' priority
and proportion in Starwood's debt capital structure, and the
strength of the notes' asset coverage. Terms of the notes are
consistent with those of Starwood's existing senior unsecured
notes.

Starwood expects to use proceeds of the notes to repay outstanding
amounts under repurchase agreements and for other corporate
purposes. Proceeds of the issuance reduce amounts available to
Starwood under a $600 million debt commitment established in
connection with the company's agreement to acquire General Electric
Company's energy project finance business for an estimated $2.2
billion, expected to close by the end of the third quarter.

Starwood's Ba2 corporate family rating is supported by its strong
franchise in commercial mortgage lending, investment management,
CMBS special servicing, and property investment. The company has a
disciplined approach to credit risk management that underscores its
strong asset quality performance. Starwood has strong capital
adequacy and profitability, adjusting for consolidated variable
interest entities (VIE). Starwood's issuance of unsecured notes has
improved its funding diversity, but it continues to have a higher
reliance on secured debt than some lending peers. Starwood is
externally managed by SPT Management, LLC (unrated) and is an
affiliate of the privately owned Starwood Capital Group (SCG). This
arrangement provides the company with an experienced management
team and the ability to leverage SCG's considerable expertise in
commercial real estate investment.

Ratings could be upgraded if Starwood further diversifies its
funding sources to include additional senior unsecured debt and
less reliance on short-term funding sources, maintains strong,
stable profitability and low credit losses, and maintains leverage
of less than 2.0x. Ratings could be downgraded if the company
encounters material liquidity challenges, its leverage materially
increases, or its profitability significantly weakens.

The principal methodology used in this rating was Finance Companies
published in December 2016.


STARWOOD PROPERTY: S&P Rates $300MM Senior Unsecured Notes 'BB-'
----------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' debt rating on Starwood
Property Trust Inc.'s offering of $300 million of senior unsecured
notes. The debt rating is one notch below S&P's 'BB' long-term
issuer credit rating on Starwood because the company's priority
debt is greater than 30% of adjusted assets, although unencumbered
assets comfortably cover the unsecured debt.

S&P said, "We expect Starwood will use proceeds from the issuance
for general corporate purposes, which may include repayment of
secured financing agreements. We expect debt to adjusted total
equity (ATE) to be about 2.40x pro forma for the acquisition of GE
Capital's Energy Financial Services Project Finance Debt Business,
redemptions related to its 2019 convertible notes, and the $300
million senior unsecured notes issuance. We expect Starwood will
operate with debt to ATE of 2.25x–2.75x."

  RATINGS LIST

  Starwood Property Trust Inc.
   Issuer Credit Rating                    BB/Stable/--

  New Rating

  Starwood Property Trust Inc.
   Senior Unsecured
    $300 million notes due 2023            BB-



STILETTO MANUFACTURING: J. Enderle Bid for Relief from Stay Junked
------------------------------------------------------------------
Bankruptcy Judge Joseph N. Callaway denied John Enderle's motion
for relief from automatic stay in the bankruptcy case captioned IN
RE: STILETTO MANUFACTURING, INC. Chapter 11, Debtor, Case No.
18-01051-5-JNC (Bankr. E.D.N.C.).

The Debtor is in the business of manufacturing and selling custom
catamaran boats from its business location in Columbia, North
Carolina. According to its Schedule G, at the time of filing the
Debtor had at least nine pending contracts with various buyers for
the purchase of custom made boats, and construction had commenced
on four boats. One of those prepetition contracts upon which work
had begun was the "Stiletto X-Series Yacht Construction Agreement"
entered August 3, 2017 by Mr. Enderle and the Debtor (the "Original
Agreement").

Pursuant to its terms, the Debtor was to manufacture a custom
catamaran in its XC model line with a length of 30 feet, a beam of
18 feet, and a displacement of 1,750 pounds . Mr. Enderle was to
pay the contract price for the Boat with a deposit and subsequent
periodic progress payments. On April 27, 2018, Mr. Enderle and the
Debtor modified the Original Agreement in writing (the "Modified
Agreement").

The lynchpin of this dispute is whether the Original Agreement was
brought into the estate as part of the debtor's ordinary business
and then whether the Debtor could execute and be bound by the
Modified Agreement without prior court approval. This inquiry is
complicated somewhat by the fact that the Modified Agreement
applied to an agreement initially entered prepetition. There is no
dispute that the Original Agreement was executory on the Petition
Date. The initial query thus becomes whether a chapter 11 debtor in
possession may, together with the non-debtor party to an executory
contract, rescind an executory contract post-petition without court
approval if the sales contract (and thus presumably its rescission)
is an activity otherwise within the ordinary course of the debtor's
business.

Mr. Enderle seeks relief from the automatic stay because of a
concern that taking possession of the Boat or taking action to
title it in his name could constitute an "act to obtain possession
of property of the estate or of property from the estate or to
exercise control over property of the estate." However, having
concluded that the Debtor's execution of the Modified Agreement and
subsequent performance in building the Boat is authorized as in its
ordinary course of business pursuant to section 363(c)(1), the
transfer of title of the Boat from the Debtor to Mr. Enderle is an
authorized post-petition transfer that is not subject to avoidance
pursuant to section 544 or section 549(a)(1). Therefore, pursuant
to section 362(b)(24), the transfer of title to the Boat is not
subject to the automatic stay, and relief from stay is
unnecessary.

The Original Agreement for the sale of the Boat was executed and
its performance conducted in the Debtor's ordinary course of
business. The Modified Agreement also occurred in the Debtor's
ordinary course of business, and accordingly was authorized and
effective without necessity of notice or hearing. Accordingly, for
this matter, there is no executory contract for the Debtor to
reject or assume, and the automatic stay does not apply. Because
the Debtor is authorized to sell the Boat in the ordinary course of
its business, once all sums due it under the contract are paid, Mr.
Enderle can take possession and obtain title thereto in the normal
course. The Order permitting the completion of the contract and
transfer of the boat remains in full force and effect.

A full-text copy of the Court's Memorandum Opinion dated July 19,
2018 is available at https://bit.ly/2vwgK8I from Leagle.com.

Stiletto Manufacturing, Inc., Debtor, represented by David J. Haidt
--davidhaidt@embarqmail.com --  Ayers & Haidt, P.A.

About Stiletto Manufacturing

Stiletto Manufacturing, Inc. is in the business of manufacturing
and selling custom catamaran boats from its business location in
Columbia, North Carolina.

Stiletto filed for chapter 11 bankruptcy protection (Bankr.
E.D.N.C. Case No. 18-01051) on March 2, 2018, and is represented by
David J. Haidt, Esq. of Ayers & Haidt, P.A.


SUNVALLEY SOLAR: Incurs $384K Net Loss in Second Quarter
--------------------------------------------------------
Sunvalley Solar, Inc. has filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $383,544 on $710,522 of revenues for the three months ended June
30, 2018, compared to a net loss of $169,865 on $3.30 million of
revenues for the three months ended June 30, 2017.

For the six months ended June 30, 2018, the Company reported a net
loss of $854,693 on $907,282 of revenues compared to a net loss of
$894,061 on $3.59 million of revenues for the same period last
year.

As of June 30, 2018, the Company had $1.47 million in total assets,
$2.15 million in total liabilities and a total stockholders'
deficit of $684,951.

As of June 30, 2018, the Company had current assets in the amount
of $1,206,996 consisting of cash and cash equivalents in the amount
of $423,678, inventory of $219,207, the current portion of accounts
receivable of $198,210, prepaid expenses and other current assets
of $157,804, contract assets of $126,983, restricted cash of
$47,500, and current portion of notes receivable in the amount of
$33,614.

As of June 30, 2018, the Compay had current liabilities in the
amount of $2,157,783.  These consisted of accounts payable and
accrued expenses in the amount of $1,384,287, customer deposits of
$183,080, accrued warranty of $152,499, advances from contractors
of $103,389, and a legal settlement payable of $334,528.  The
Company's working capital deficit as of June 30, 2018 was therefore
$950,787.  During the six months ended June 30, 2018, its operating
activities used a net $368,372 in cash.

As of June 30, 2018, the Company had no long term liabilities.  

According to Sunvally Solar, "We will require substantial
additional financing in the approximate amount of $4,500,000 in
order to execute our business expansion and development plans and
we may require additional financing in order to sustain substantial
future business operations for an extended period of time.  We
currently do not have any firm arrangements for financing and we
may not be able to obtain financing when required, in the amounts
necessary to execute on our plans in full, or on terms which are
economically feasible.

"We are currently seeking additional financing.  If we are unable
to obtain the necessary capital to pursue our strategic plan, we
may have to reduce the planned future growth of our operations."

A full-text copy of the Form 10-Q is available for free at:

                       https://is.gd/wWzWLm

                       About Sunvalley Solar

Walnut, California-based Sunvalley Solar, Inc., markets, sells,
designs and installs solar panels for residential and commercial
customers.  The Company's primary market is in the state of
California, however the Company may sell anywhere in the United
States.

Sunvalley Solar incurred a net loss of $1.78 million in 2017
compared to a net loss of $999,118 in 2016.  As of Dec. 31, 2017,
Sunvalley Solar had $2.95 million in total assets, $2.79 million in
total current liabilities and $159,952 in total stockholders'
equity.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2017, citing that the
Company has suffered recurring losses from operations and has a net
capital deficiency that raise substantial doubt about its ability
to continue as a going concern.


SYNEOS HEALTH: S&P Hikes Issuer Credit Rating to BB, Outlook Stable
-------------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Raleigh,
N.C.-based Syneos Health Inc. to 'BB' from 'BB-'. The outlook is
stable.

S&P said, "In addition, we raised our issue-level ratings on the
company's senior secured credit facility to 'BB' from 'BB-'. The
recovery rating remains '3', indicating our expectation for
meaningful (50%-70%; rounded estimate: 50%) recovery in the event
of a default.

"At the same time, we raised our issue-level ratings on the
company's senior unsecured notes to 'B+' from 'B'. The recovery
rating remains '6', indicating our expectation for negligible
(0%-10%; rounded estimate: 5%) recovery in the event of a default.

"The ratings upgrade reflects our higher confidence that Syneos'
long-term leverage will stay within the 3x-4x range. We expect
adjusted leverage will decline to around 4x by the end of 2019, in
light of solid financial results in the first half of 2018. We
believe the company has stabilized after significant management
turnover since the close of the inVentiv Health transaction."
Syneos has begun to show some traction through its increased scale
and a unique business model that can offer both outsourced clinical
research as well as outsourced commercialization services.

The stable outlook reflects S&P's expectation that the company will
deleverage through debt paydown and growing EBITDA as a result of
the unique clinical and commercial business model, and maintain a
long term adjusted leverage ratio between 3x and 4x.  


TINA JONES: Simons Buying Murfreesboro Property for $1.5 Million
----------------------------------------------------------------
Tina Marie Jones asks the U.S. Bankruptcy Court for the Middle
District of Tennessee to authorize the sale of the real property
located at 3200 Manchester Hwy, Murfreesboro, Tennessee, consisting
of her residence and approximately 34.84 acres, more or less,
designated as Parcel/Tax ID 126 01300 in the property assessor's
office for Rutherford County, Tennessee, to Wayne Simons, or his
assigns for $1.5 million, subject to higher or better offers.

The Debtor scheduled in her bankruptcy filing a house and 34.84
acres.  It was and is the intention of the Debtor to sell the
property and to pay the creditors of the estate to the extent
possible.

The property has been the subject of two previous Sale Motions,
each for $2.5 million and each approved by the Court.  The approved
Sale Contracts each had contingencies which allowed the purchaser
to terminate the contracts.  Both contracts were terminated when
the Purchasers were unwilling to meet the requirements of the City
of Murfreesoro primarily involving a road which required not only
donation of portions of the tract being sold, but additionally
paying for the construction of the road, estimated by Purchasers at
approximately $1 million.  The road requirements indeed changed
from time to time but never were necessary or beneficial to the
planned projects.

By order entered July 17, 2018, the eleventh month anniversary of
the filing of the case, it was ordered that a Motion for the Sale
of the Property be Filed no later than July 31 , 2018 with a
closing no later than Oct. 1, 2018.  The background of these Agreed
Dates was the fact that pending before the Court was a Motion by
the largest Secured Creditor for relief from the Stay of 11 U.S.C.
Section 362, and the Motion of the United States Trustee to convert
to Chapter 7.  The goal of the Motion of the United States Trustee
was to protect other creditors of the estate from being denied
recovery by a subsequent Foreclosure by the Movant for Stay
Relief.

Within the 14 days granted for obtaining a new Sales Contract, the
Debtor has obtained four contracts, three at the sale price of $1.5
million and one for a lessor amount.

By the Motion, the Debtor asks entry of an Order setting a hearing
to consider authorization and approval of the sale on Aug. 21,
2018, with an objection deadline of noon Aug. 16, 2018.
Additionally, any competing bids should be presented to the Debtor
at Noon, Aug. 16, 2018.  Exercising the Debtor's best business
judgment, the Debtor may select the bid best suited for the benefit
of the Creditors and the Debtor.

In the event of competing bids the Debtor may determine it
necessary to establish the conditions of auctions between the
competing parties in the Attorney Conference Room, Second Floor
Customs House, Aug. 20, 2018, at noon.  Following the hearing on
Aug. 21, 2018 the Debtor will request entry of an Order approving
among other things the sale by the Debtor and to the Purchaser free
and clear of liens, claims, encumbrances and other interest.

Subject to approval and submission of any higher or better offers,
the Debtor and the Purchaser entered into the contract for the
purchase and sale of the Property on July 31, 2018.  The 363
Transaction, as embodied in the APA, contemplates that
substantially all of the Debtor's assets, specifically 34.84 acres
and a house, located at 3200 Manchester Hwy, Murfreesboro,
Tennessee will be sold and transferred to the Purchaser.  The
purchase price for the property is $1.5 million cash at closing,
with $10,000 as earnest money deposit.  There will be no real
estate brokerage fee paid by the Seller or the Purchaser.

A search of the title of the Property discloses a number of liens
have been filed against the Property.  A detailed listing of the
monetary liens is in Exhibit C.  Any such liens, claims,
encumbrances, and interests will be adequately protected by
transfer to and attachment to the net proceeds of the sale of the
Property, subject to any claims and defenses the Debtor may possess
with respect thereto.

A copy of the APA attached to the Motion is available for free at:

    http://bankrupt.com/misc/Tina_Jones_120_Sales.pdf

Tina Marie Jones sought Chapter 11 protection (Bankr. M.D. Tenn.
Case No. 17-05623) on Aug. 17, 2017.  The Debtor tapped Paul E.
Jennings, Esq., at Paul E. Jennings Law Offices, P.C., as counsel.


TINTRI INC: Committee Taps A&M as Financial Advisor
---------------------------------------------------
The official committee of unsecured creditors of Tintri, Inc.,
seeks approval from the U.S. Bankruptcy Court for the District of
Delaware to hire Alvarez & Marsal North America, LLC as its
financial advisor.

The firm will assist the Debtor in the review of its business plan,
sale or disposition of its assets or any potential alternative
transaction involving its business; assess and monitor cash flow
budgets, liquidity and operating results; and provide other
financial advisory services related to the Debtor's Chapter 11
case.

The firm will charge these hourly rates:

     Managing Directors       $850 - $1,050
     Directors                $650 - $800
     Associates               $500 - $625
     Analysts                 $400 - $475

Rich Newman, managing director of Alvarez & Marsal, disclosed in a
court filing that his firm does not represent any entity having an
interest adverse to the committee in connection with the Debtor's
case.

Alvarez & Marsal can be reached through:

     Rich Newman
     Alvarez & Marsal North America, LLC
     540 West Madison Street, Suite 1800
     Chicago, IL 60661
     Telephone: +1 312-288-4056 / +1 312 601 4220
     Fax: +1 312 332 4599
     Email: rnewman@alvarezandmarsal.com

                       About Tintri Inc.

Tintri, Inc. -- http://www.tintri.com/-- is an enterprise cloud
storage company founded in 2008 with the initial objective to solve
the mismatch caused by using old, conventional physical storage
systems with applications in virtual machine environments.  The
company provides large organizations and cloud service providers
with an enterprise cloud platform that offers public cloud
capabilities inside their own data centers and that can also
connect to public cloud services.  Tintri is headquartered at 303
Ravendale Drive, Mountain View, California 94043.  The company has
additional locations in McLean, Virginia; Chicago, Illinois,
London, England; Munich, Germany; Singapore; and Tokyo, Japan.

Tintri Inc. filed for Chapter 11 bankruptcy (Bankr. D. Del. Case
No. 18-11625) on July 10, 2018.  Kieran Harty, co-founder and chief
technology officer, filed the petition.  As of January 2018, the
Debtor had total assets of $76.25 million and total debts of $168
million.

Hon. Kevin J. Carey presides over the case.  

Pachulski Stang Ziehl & Jones LLP serves the Debtors' counsel.
Wilson Sonsini Goodrich & Rosati is the Debtor's special corporate
counsel.  Houlihan Lokey acts as the Debtor's financial advisor,
and Kurtzman Carson Consultants Inc. as the Debtor's claims and
noticing agent.  

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on July 20, 2018.  The Committee tapped Womble
Bond Dickinson (US) LLP as its legal counsel.


TOWERSTREAM CORP: Delays Filing of Quarterly Report
---------------------------------------------------
Towerstream Corporation disclosed in a Form 12b-25 filed with the
Securities and Exchange Commission it was unable to file its
Quarterly Report on Form 10-Q for the quarter ended June 30, 2018
by the prescribed filing due date because the Company needs
additional time to complete its financial statements and
disclosures.  As previously disclosed, on Jan. 26, 2018, the
Company entered into a forbearance agreement with the
administrative agent to the lenders, and management is currently
engaged in discussions with those stakeholders regarding extending
such forbearance agreement. In consideration of the significant
amount of time devoted by management with respect to those
discussions, and the time required by management to evaluate fully
and disclose the potential consequences of those discussions, the
Company was unable to file its Form 10-Q.

                      About Towerstream

Towerstream Corporation (OTCQB:TWER) -- http://www.towerstream.com/
-- is a fixed-wireless fiber alternative company delivering
Internet access to businesses.  The Company offers broadband
services in twelve 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 $14.37 million in 2017 and a net loss attributable  to common
stockholders of $22.15 million in 2016.  As of March 31, 2018,
Towerstream had $23.25 million in total assets, $40.37 million in
total liabilities and a total stockholders' deficit of $17.12
million.

In their report dated April 2, 2018 with respect to the Company's
consolidated financial statements for the years ended Dec. 31,
2017, Marcum LLP, the Company's accounting firm since 2007, stated
that the Company has a significant working capital deficiency, 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.


TRINITY 83 DEVELOPMENT: Taps O'Rourke & Moody as Legal Counsel
--------------------------------------------------------------
Trinity 83 Development LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Illinois to hire O'Rourke &
Moody as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; negotiate with creditors; assist in the
preparation of a bankruptcy plan; and provide other legal services
related to its Chapter 11 case.

The firm will charge these hourly rates:

     Michael Moody     Partner       $375
     Maria Diaz        Paralegal     $150

Michael Moody, Esq., an equity partner at O'Rourke & Moody,
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:

     Michael C. Moody, Esq.
     O'Rourke & Moody
     55 W. Wacker Drive, Suite 1400
     Chicago, IL 60601
     Main: (312) 849-2020
     Fax: (312) 849-2021
     Email: mmoody@orourkeandmoody.com

                   About Trinity 83 Development

Trinity 83, Development, LLC, was formed in 2005.  It is a Limited
Liability Company formed under the laws of the State of Illinois.
Its members are, and always have been, Donald J. Santacaterina,
Thomas Connelly and George Yukich.  In 2006 Trinity 83 constructed
a Class A, 12,500 square foot, masonry retail/office building at
19100 S. Crescent Dr, Mokena Illinois.   The building was
constructed as a "build to suit" for two tenants, namely Kids Can
Do, Inc, and Hair and Beauty Salon Suites of Mokena, Inc.  Both
tenants have occupied the building since 2006/07 and continue to do
so.  At least some of the ownership of the tenants are related to
some of the members of Trinity 83.

Trinity 83 filed a Chapter 11 petition (Bankr. N.S. Ill. Case No.
16-24652) on Aug. 1, 2016.  In the petition signed by Donald L.
Santacarina, member, the Debtor disclosed total assets at $2.41
million and total debt at $2.13 million at the time of the filing.
The case is assigned to Judge Deborah L. Thorne.  The Debtor is
represented by Gina B. Krol, Esq., at Cohen & Krol.  No official
committee of unsecured creditors has been appointed in the case.


ULTRA PETROLEUM: Fitch Lowers LT IDRs to 'B', Outlook Negative
--------------------------------------------------------------
Fitch Ratings has downgraded the Long-term Issuer Default Ratings
(IDRs) of Ultra Petroleum Corp and Ultra Resources, Inc. (together
Ultra) to 'B' from 'BB-'. Concurrently, Fitch has downgraded the
ratings on the revolving credit facility and first-lien term loan
to 'BB'/'RR1', from 'BB+'/'RR1', and the ratings on the senior
unsecured notes to 'B'/'RR4', from 'BB'/'RR2'. The Rating Outlook
remains Negative.

The downgrade reflects the impact of the lower near-term production
volumes and realized prices as well as weaker-than-expected results
from the horizontal drilling program on Ultra's leverage metrics
and liquidity position in the coming quarters. Following the
revised drilling program and guidance, Fitch expects leverage to
remain closer to 4.0x over the medium term, compared to previous
expectations of gradual improvement towards 3.0x. The downgrade
also reflects reduced financial flexibility as the valuation of
reserves comes under pressure and anticipated headroom under the
covenants to the revolving credit facility gradually shrinks.

The Negative Outlook reflects continued downside risk to Ultra's
financial flexibility as EBITDA and FCF generation are pressured by
the softer-than-anticipated horizontal well results. In addition to
financial covenant headroom, Fitch is concerned that the borrowing
base, and availability under the revolving credit facility, could
be reduced at the next scheduled redetermination (Oct. 1, 2018) in
the current realized pricing environment. Under Fitch's base case
scenario, minimum borrowings are expected under the revolving
credit facility over the coming quarters and asset monetization, in
addition to the recently completed Utah assets, could bolster the
near-term liquidity position. Another consideration is the
company's deteriorating capital market access, which could heighten
event risk.

KEY RATING DRIVERS

Disappointing Horizontal Well Results: The transition to horizontal
drilling, from the previous exclusive focus on vertical wells, did
not perform as expected. While results from initial horizontal well
were promising, the performance of later wells was uneven.
Management's returned emphasis on exploiting its vertical well
inventory, with lesser budget allocated to delineating its
horizontal resources, will reduce volumetric risk, improve
near-term operating cash flow visibility and preserve near-term
liquidity. However, it will also delay potential full-cycle cost
improvements and expansion of the asset base. In Fitch's view,
failure to improve unit economics and expand the economic resource
base could lead to heightened longer-term refinancing risk.

Weaker Expected Credit Metrics: Fitch anticipates EBITDA will
remain around $500 million in 2018-2019 driven primarily by
flattish production volumes, wide location differentials and lack
of unit economic improvements. Fitch expects the modest FCF burn in
2018 to be offset by proceeds from the divestment of the Utah
acreage while FCF in 2019 should be neutral-to-slightly positive
assuming a continuation of the current three-rig program into 2019.
Fitch expects credit metrics to fluctuate around 4.0x-4.3x over the
forecast horizon, which is generally consistent with a 'B' rating,
subject to the alleviation of covenant risk.

Downside Risk to the Borrowing Base: Fitch views the liquidity as
adequate over the near term from a combination of operations scaled
to cash flow neutrality, expected net proceeds of $75 million from
the Utah asset sale and some availability under the revolving
credit facility. However, Fitch is concerned that liquidity could
become constrained from tightening financial covenants or from a
reduction of the borrowing base without an improved production or
margin outlook. Fitch would expect Ultra to seek covenant waiver
and/or engage in asset monetization, in addition to the recently
completed Utah assets, to reduce secured debt outstanding and
bolster its liquidity position, if needed.

Proven Vertical Resources and Cost Structure: Ultra has a
contiguous position in the Pinedale Field with about 78,000 net
acres supportive of over 4,000 gross drilling locations. However,
management estimates only 800 locations are estimated to be
economic at the current low commodity prices and wide
differentials. This represents about eight years of reserve life,
at current production levels. While the performance of the
horizontal wells has been uneven, Ultra has an established track
record of successful vertical exploitation of its acreage with a
competitive cost structure. EBITDA cash costs of about $1.00 per
Mcfe in 2018 allows for relatively favourable net backs even at the
currently weak commodity prices and wide locational differentials.
Ultra's acreage is essentially 100% held by production, providing
the company significant flexibility in the timing of capital
deployment and drilling activity.

Wider Differentials: Roughly half of the 17% decline in Ultra's
realized natural gas prices (inclusive of realized derivatives)
during first-half 2018 compared with the same period in 2017 was
due to local disruptions. Basis differentials, approximately 10% of
Henry Hub in 2015-2017, have widened in 2018 from a combination of
weaker demand in California and increasing competition from the
Permian, the Marcellus and Canada. Ultra has hedged the basis
differential on a significant portion of the expected production
during the next 12 months at around $0.67 per Mcf. Fitch expects
differentials to remain under pressure at least through 2019, when
incremental pipeline capacity is expected to diversify gas flows
away from California, and applies a $0.70 per Mcf differential in
2018 then $0.75 per Mcf in 2019.

Hedging Policy Reduces Risk: In accordance with the terms of its
amended credit agreement, Ultra aims to maintain a rolling hedge
program of at least 65% of the next 18 months of production,
helping to protect a minimum level of cash flow needed to maintain
drilling activity levels. As of the end of second-quarter 2018, the
company had entered into NYMEX natural gas swaps for over 80% of
its expected natural gas production at an average price of $2.88
per Mcf for second-half 2018 as well as hedges at $2.86 per Mcf for
a significant portion of its first-half 2019 production. Fitch
expects Ultra to opportunistically expand the size and length of
its hedging program. The hedges provide modest margin uplift to
Fitch's base case but significant protection under Fitch's stressed
scenario (where current year prices drop to $2.25-2.00 per Mcf in
2018-2019).

Recovery Estimates: Fitch's recovery analysis, assuming a
hypothetical bankruptcy scenario, used both an asset value based
approach on observed transactions or reserve estimates and a
going-concern (GC) approach. Fitch estimates the value of the oil
and gas assets at $1.8 billion. This discount to the standardized
value of discounted future net cash flows at year-end 2017 reflects
Fitch's assumption of $2.75 per Mcf Henry Hub price, $(0.75) per
Mcf differential and 7% Btu content uplift in estimating valuation
price. Fitch's valuation price is closer to the calculated average
prices used at year-end 2016 and 2015, when the standardized value
of discounted future net cash flows was $1.7-$1.9 billion. Fitch
estimated the going concern EBITDA using current production volumes
and long-term stressed Henry Hub price of $2.75 per Mcf. Valuation
multiple of 4.5x reflects the proven track record of the vertical
drilling program but finite well inventory at stressed commodity
prices. This results in total asset-based valuation of nearly $2.0
billion.

Fitch assumes a fully drawn but smaller revolving credit facility,
due to a downward redetermination of the borrowing base, resulting
in $1,225 million of first-lien debt and $1,200 million of senior
unsecured notes at default. After deducting 10% for administrative
claims, Fitch estimates that the revolver and secured term loan
have recovery prospects of 100% or 'RR1', while the unsecured debt
has recovery prospects of 31%-50%, or 'RR4'.

DERIVATION SUMMARY

Ultra's ratings reflect the company's dry-gas production profile
and focus on one play, the Pinedale region. While Fitch views some
execution risk to the revised development strategy, continued
production growth and competitive operating expenses should provide
Ultra with profitable natural gas opportunities despite wider
differentials and the prevailing low natural gas price environment.
Ultra's ratings particularly reflect smaller production size (130
mboe/d in Q2 18) than natural gas peers Southwestern Energy
(BB/Stable) at 429 mboe/d, EQT Corp (BBB-/Stable) at 664 mboe/d and
Antero Resources (BBB-/Stable) at 420 mboe/d. Peers' ratings also
reflect their relative unit economics, greater resource depth or
diversification across regions and slightly higher associated
liquids production (EQT and Southwestern at lows 10s% and Antero at
about 30%). In addition, Ultra had weaker debt/EBITDA leverage and
upstream metrics than peers', including debt/1P at 4.2x and
debt/flowing barrel at $17,000 at Dec. 31, 2017.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer

  -- Base case Henry Hub natural gas improving from U.S.$2.75/mcf
in 2018 to U.S.$3.00/mcf in 2019 and beyond;

  -- Base case WTI oil price declining from U.S.$65/barrel in
second-half 2018 to U.S.$60/barrel in 2019 then U.S.$55/barrel for

subsequent years;

  -- Basis differential of $0.70-0.75 per Mcf and 7% uplift from
NGLs through the forecast period;

  -- Capex of $400 million in 2018, decreasing to $300 million in
subsequent years;

  -- Cash costs of about $1.00 per Mcfe in 2018 without material
efficiency improvement in subsequent years;

  -- Production of approximately 275 Bcfe/d in 2018, and flattish
in later years.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to
Positive Rating Action

  -- Defined plan to address the liquidity and capital structure
constraints in weak realized price environment and/or material
improvement in net realized prices, would lead to a Stable Rating
Outlook;

  -- Demonstrated expansion of economic drilling inventory that
improves margins;

  -- Mid-cycle debt/EBITDA below 3.5x.

Developments That May, Individually or Collectively, Lead to
Negative Rating Action

  -- Material deterioration of the cost profile and/or regional
differentials from current levels;

  -- Failure to meaningfully address the shrinking financial
flexibility in the current weak realized pricing environment;

  -- Mid-cycle debt/EBITDA above 4.0x.

LIQUIDITY

Tightening Liquidity: Ultra had $373 million of liquidity at June
30, 2018, including $367 million availability under its $425
million revolving credit facility (maturity Jan. 2022). Fitch
expects the liquidity position to remain adequate next 6-12 months
as the net cash proceeds from the divestment of the Utah assets
($75 million to be received during third-quarter 2018) should
offset expected small FCF burn over that period.

A borrowing base of $1.4 billion (re-evaluated semi-annually on
April 1 and Oct. 1) limits the amount of first lien debt under the
revolving credit facility and the term loan facility. While
material revolver draws are not anticipated, any reduction in the
borrowing base would directly and proportionally reduce
availability under the revolving credit facility given that $975
million was outstanding under the term loan facility at a
second-quarter end. In addition, ability to draw under the revolver
is be constrained by the maximum net leverage covenant, which will
gradually tighten from the current 4.5x to 4.0x by first-quarter
2020. Fitch expects less than full ability to draw under the
revolver in the coming quarters, unless covenant waiver is
obtained.

Mandatory debt repayments are minimal until the maturity of the
revolver in Jan. 2022 and $700 million of senior notes in April
2022. Fitch expects potential additional settlements to claims from
several counterparties in relation to its chapter 11 filing to be
manageable.

FULL LIST OF RATING ACTIONS

Fitch has downgraded the following ratings:

Ultra Petroleum, Corp

  -- Long-term IDR to 'B' from 'BB-'.

Ultra Resources, Inc.

  -- Long-term IDR to 'B' from 'BB-';

  -- Senior secured debt to 'BB'/'RR1' from 'BB+'/'RR1';

  -- Senior unsecured debt to 'B'/'RR4' from 'BB'/'RR2'.

The Rating Outlook remains Negative.


VOYAGER LEARNING: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Voyager Learning Company
        28 Valley Road
        Montclair, NJ 07042

Business Description: Voyager Learning Company, based in
                      Montclair, New Jersey, is a publisher of
                      solutions for the education, automotive and
                      power equipment markets.  The Company
                      currently focus on three market areas
                      related to K-12 education: reading programs
                      and resources, math and science programs and
                      resources, and professional development
                      programs.

Chapter 11 Petition Date: August 14, 2018

Case No.: 18-26301

Court: United States Bankruptcy Court
       District of New Jersey (Newark)

Judge: Hon. Stacey L. Meisel

Debtor's Counsel: Kenneth A. Rosen, Esq.
                  LOWENSTEIN SANDLER LLP
                  One Lowenstein Drive
                  Roseland, NJ 07068
                  Tel: 973-597-2500
                  Fax: 973-597-2400
                  E-mail: krosen@lowenstein.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Scott McWhorter, general counsel.

The Debtor failed to include in the petition a list of its 20
largest unsecured creditors.

A full-text copy of the petition is available for free at:

          http://bankrupt.com/misc/njb18-26301.pdf


W RESOURCES: Seeks to Employ Landman to Evaluate Mineral Rights
---------------------------------------------------------------
W Resources, LLC, seeks approval from the U.S. Bankruptcy Court for
the Middle District of Louisiana to hire a landman.

The Debtor proposes to employ N. Peter Davis and his firm Cypress
Energy Corporation to assist its management in evaluating its
mineral rights throughout Louisiana.

Mr. Davis will charge an hourly fee of $56.25, plus reimbursement
of work-related expenses.  

Mr. Davis and his firm are "disinterested persons" as defined in
section 101(14) of the Bankruptcy Code, according to court
filings.

                      About W Resources LLC

W Resources, LLC is a privately-owned company in Baton Rouge,
Louisiana, engaged in activities related to real estate.

W Resources sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. La. Case No. 18-10798) on July 23, 2018.  In the
petition signed by Dwayne M. Murray, Chapter 11 trustee for Michael
Worley, manager, the Debtor estimated assets of $50 million to $100
million and liabilities of $50 million to $100 million.  The Debtor
hired Stewart Robbins & Brown, LLC as its legal counsel.


W RESOURCES: Seeks to Hire Horne LLP as Accountant
--------------------------------------------------
W Resources, LLC seeks approval from the U.S. Bankruptcy Court for
the Middle District of Louisiana to hire an accountant.

The Debtor proposes to employ Horne LLP to provide accounting
services necessary during its Chapter 11 proceedings.  

Jeffrey Aucoin, a certified public accountant and partner at Horne,
will provide all the necessary accounting services for an hourly
fee of $350.  The hourly fees for his staff range from $160 to
$350.

Mr. Aucoin 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:

     Jeffrey N. Aucoin
     Horne LLP
     10000 Perkins Rowe, Suite 610
     Building G
     Baton Rouge, LA 70810
     Main: 225.755.9798
     Direct: 225.341.3115
     Fax: 225.341.3253
     Email: jeff.aucoin@hornellp.com

                      About W Resources LLC

W Resources, LLC is a privately-owned company in Baton Rouge,
Louisiana, engaged in activities related to real estate.

W Resources sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. La. Case No. 18-10798) on July 23, 2018.  In the
petition signed by Dwayne M. Murray, Chapter 11 trustee for Michael
Worley, manager, the Debtor estimated assets of $50 million to $100
million and liabilities of $50 million to $100 million.  The Debtor
hired Stewart Robbins & Brown, LLC as its legal counsel.


WALL STREET LANGUAGES: Linden Buying All Assets for $60K
--------------------------------------------------------
Wall Street Languages Ltd. asks the U.S. Bankruptcy Court for the
Southern District of New York to authorize the private sale of
substantially all assets related to its language school and
translation business to Linden East, LLC for $60,000.

The Debtor fell into financial distress as a result of the prior
downturn in the economy.  In June 2017, the Debtor began searching
for a purchaser for its language school business.  It entered into
a contract with a business broker who specializes in marketing and
selling language schools, Ricardo Belotti Consultoria Empresarial
Ltda.

For the last two months the Debtor, the Broker and the Debtor's
counsel have been negotiating terms with the Purchaser which is
affiliated with University of the Potomac in Washington, D.C. and
has the necessary accreditation to run the language school.

The Purchaser has been in discussions with CP/IPERS Alchemy 43rd
Owners, LLC, the Debtor's landlord for the 2nd, 3rd and 19th Floors
in the building located at 211 East 43rd Street, New York, New
York.  The rent obligation is substantial and the Debtor has been
unable to meet all of its obligations to the Landlord during the
Chapter 11 case.  A motion to lift the automatic stay is scheduled
to be heard by this Court on Aug. 9, 2018.  Notwithstanding, upon
information and belief the Landlord and the Purchaser have agreed
to terms that will substantially decrease the Landlord's claims
against the Debtor.

After several rounds of negotiations and revisions to proposed
terms on July 26, 2018, after arms'-length negotiations, the
parties have entered into their Asset Purchase Agreement dated
Sept. 26, 2018.  The Debtor proposes to consummate an immediate
private sale to the Purchaser.  Without an immediate private sale,
the Debtor believes it would have to cease operating in less than
30 days.

The private sale will save employee jobs, protect the students from
being deported, provide the students with class instruction in many
circumstances that they already paid for (which obligations are
being assumed by eh Purchaser under the APA, estimated to exceed
$800,000 in value), and provide a new tenant to the landlord on
suitable terms thereby reducing the claims in the Debtor's estate.
In addition to saving the jobs of many of the employees, the
Purchaser has offered to retain Cesar Rennert, who has run this
business for 45 years, to assist in the smooth transition of the
business operations.  Mr Rennert will work for the Purchaser for
six months after the Closing and in exchange will be paid $60,000,
with other incentives.

The salient terms of the APA are:

     a. Seller: Wall Street Languages, Ltd.

     b. Purchaser: Linden East, LLC

     c. Purchase Price: (i) $60,000 payable in six equal monthly
installments of $10,000 beginning Sept. 15, 2018; (ii) assumption
of obligation to pay deferred compensation due to Eimear Harrison
in the amount of $35,000; (iii) assumption of teachout and teaching
obligations for all current New York students (estimated value
$800,000); (iv) assumption of payroll obligations of employment for
positions that support instruction of New York based students
inclusive of administrative, marketing, business development,
finance, HR, academic instruction for certain employees to be
determined prior to Closing; and (v) assumption of obligations
related to Rennert Translation Assets not to exceed $120,000
(consisting substantially of post-petition obligations to pay
translators hired in connection with the World Cup).

     d. Acquired Assets: At the closing of the Acquisition, the
Purchaser would purchase from the Debtor, and the Debtor would sell
to Purchaser, all of its right, title and interest, if any, in and
to all assets associated with the Business.

     e. Closing Date: The closing of the transactions contemplated
by the Agreement  will take place at the offices of DelBello
Donnellan Weingarten Wise & Wiederkehr, LLP, no later than Aug. 8,
2018, and closing is contingent upon the Seller filing a motion to
SEVIS and/or the courts that will extend the I20 authorization
termination date from Aug. 9, 2018 to no earlier than Sept. 9,
2018.

Pursuant to the APA, the Purchaser will acquire, and the Debtor
will convey by private sale, all of the right, title and interest
that Debtor possesses as of the Closing in and to the Purchased
Assets free and clear of all liens, claims, interests, obligations
and encumbrances.  In consideration of the sale of the Purchased
Assets covered by the APA, the Purchaser will pay the Purchase
Price of $60,000 at Closing and assume various liabilities of the
Debtor.

In connection with, and ancillary to, the Debtor's request for
approval of the APA, the Debtor asks authority to assume and assign
its interest in the following Leases, subject to modification as
agreed between the Purchaser and Landlord which the Debtor
understands is currently being negotiated.  The Landlords will not
receive cure amounts but may file administrative claims for any
post-petition arrears and general unsecured claims for any
prepetition arrears in such amount to be allowed by this Court, or
otherwise agreed upon between the Debtor and the landlords, and the
Leases will be deemed in full force and effect and free of any
defaults or purported termination thereunder.

     a. The Assumed Office Lease: Lease dated Nov. 1, 2013 between
CP/IPERS Alchemy 43rd Street Owners LLC as successor to 211 East
LH, LLP as landlord and the Debtor as tenant for the southern
portion of the 3rd floor and the entire 2nd floor in the building
located at 211 East 43rd Street, New York, NY for a 10-year term.
The assumption is subject to the Landlord and the Purchaser
agreeing to certain modified terms which the Debtor understands are
being negotiated currently.

     b. Student Housing Lease #1: Lease between Hillside Parsons,
LLC for the premises located at 202 East 110th Street, New York, NY
10017 Apartments 6A and 6B (Term: 07/01/2016 – 06/30/2017).

     c. Student Housing Lease #2: Lease between 44th Street Midtown
Holdings, LLC c/o Dalan Management for the premises located at 230
East 44th Street, New York, NY 10017, Penthouse E (Term: 07/01/2017
– 06/30/2019) and Apt. 10A (Term: 08/01/2017 – 07/31/2019).

     d. Student Housing Lease #3: Lease between The Chetrit Group,
doing business as 1760 Third Owner, LLC, as landlord and the Debtor
as tenant for certain student room blocks located at 1760 Third
Avenue, New York, New York.

     e. Student Housing Lease #4: Lease between AKA United Nations
Luxury Apartments as landlord and the Debtor as tenant for
reservation number 543823 for the premises located at 234 East 46th
Street, New York, New York (Term: 04/18/2018 – 10/12/2018).

The Debtor believes there are no cure amounts due with respect to
any of the Student Housing Leases.  However, if any of those
landlords assert there are arrears they will not be paid the cure
amounts, but rather may file an administrative claim for
post-petition amounts due and a general unsecured claim for any
pre-petition amounts due (as well as any additional claims the
landlords may assert).

The Debtor asks to reject the nonresidential real property office
lease for the premises located at 211 E. 43rd Street, 19th Floor,
New York, NY.  The Purchaser does not desire to retain the space.
The Debtor is behind in its post-petition rent payments and will
have no continuing business operations for which the space is
needed.  Accordingly, it asks the Court's authority to reject the
Rejected Office Lease.

The Debtor has been working with the Broker pursuant to the Broker
Agreement dated June 27, 2017.  It asks to retain Broker.  The
Broker will be paid for the legal services rendered upon
application duly filed with the Court.  Pursuant to the Broker
Agreement, the Broker would be entitled to its minimum success fee
($150,000) minus the total monthly payments made under the Broker
Agreement ($48,000 paid so far), amounting to a total due of USD
$102,000, which would be an administrative claim in the estate.

The Debtor submits that a private sale of the Purchased Assets
pursuant to the APA is a sound and prudent exercise of its business
judgment.  The sale to Purchaser will maximize the value of the
Debtor and result in a distribution to all creditors.

A copy of the APA attached to the Motion is available for free at:

   http://bankrupt.com/misc/Wall_Street_22_Sales.pdf

The Purchaser:

          LINDEN EAST, LLC
          301 Congress Suite 2200
          Austin, TX 78748

                About Wall Street Languages

Wall Street Languages Ltd. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 18-11581) on May 24,
2018.  At the time of the filing, the Debtor estimated assets of
less than $50,000 and liabilities of less than $500,000.  The
Debtor hired DelBello Donnellan Weingarten Wise & Wiederkehr, LLP,
as its legal counsel.


WESCO AIRCRAFT: Moody's Affirms B2 CFR & Alters Outlook to Stable
-----------------------------------------------------------------
Moody's Investors Service affirmed ratings for Wesco Aircraft
Hardware Corp. including the B2 Corporate Family Rating, the B3-PD
Probability of Default Rating and the B2 rating on the company's
senior secured credit facilities. Moody's also upgraded the
speculative-grade liquidity rating to SGL-3 from SGL-4. The rating
outlook has been changed to stable from negative.

RATINGS RATIONALE

The stable outlook reflects Moody's expectations that healthy
fundamentals in commercial aerospace and defense markets along with
better operational execution will result in moderate earnings
growth, improved cash generation and a gradually improving set of
credit metrics during fiscal 2019.

The B2 rating balances Wesco's position as a leading distributor of
hardware and chemical products to the aerospace and defense
industries along with a well-established global distribution
network against the company's mixed operating history, variable
working capital investment needs and a heavy reliance on a
concentrated group of OEM customers. A favorable aerospace demand
environment coupled with recent improvements in operational
execution have resulted in sales and earnings growth and a
reduction in leverage with Moody's adjusted Debt-to-EBITDA
declining to around 5.5x as of June 2018 as compared to 6.0x as of
September 2017.

Notwithstanding these positive trends, cash generation remains weak
(Moody's anticipates negative cash flow in fiscal 2018 of $10 to
$20 million) and much work remains to be done around improving
Wesco's buying practices and demand forecasting for its inventory.
Wesco's ability to improve its inventory management, and by
extension its free cash flow profile, will be a key credit
consideration over the next 12 to 18 months. Moody's believes
Wesco's position as a distributor that does not have product
manufacturing capabilities leaves the company vulnerable to
disintermediation risk. Long-standing customer relationships, as
demonstrated by recent contract renewals, and on-site inventory
management services that increase integration with customers only
partially mitigate this risk.

The SGL-3 speculative grade liquidity rating denotes expectations
of an adequate liquidity profile over the next 12 months. Wesco has
no near-term principal obligations (all senior credit facilities
mature in 2021) and cash on hand as of June 2018 was $46 million.
Moody's anticipates negative free cash flow ranging from $10 to $20
million during fiscal 2018. Moody's expects lower year-over-year
inventory investments and moderate earnings growth to result in
improved cash generation during fiscal 2019, and absent high sales
growth which would necessitate further inventory investments,
Moody's believes FCF-to-Debt in the low single-digits should be
achievable. External liquidity is provided by a $180 million
revolving credit facility that expires in October 2021. Moody's
anticipates continued reliance on the facility ($82 million was
drawn as of June 2018) during fiscal 2019 in the face of modest but
positive cash generation. The revolver and term loan A contain a
maintenance-based net leverage covenant that steps down from 6x (as
of June 2018) to 4.75x (September 2019). Wesco currently maintains
relatively comfortable cushions against the covenant.

The ratings could be upgraded if Wesco were to reduce leverage such
that Moody's adjusted Debt-to-EBITDA was expected to be sustained
at or below 4.5x. Any upgrade would be predicated on improved
operational performance, better inventory management, as well as
Wesco maintaining a good liquidity profile with expectations of
FCF-to-Debt consistently in the low to mid-single digits coupled
with substantial availability under the revolving facility.

The ratings could be downgraded if Wesco's liquidity were to
deteriorate such that a breach of financial covenants appeared
imminent or if there was reduced availability under the revolver or
if free cash flow generation was expected to remain negative in
fiscal 2019. The ratings could be downgraded if Debt-to-EBITDA is
expected to be sustained in the low-to-mid 6.5x range. A weakening
of Wesco's operating margins and/or an inability to improve
inventory management and customer service levels could also result
in a downgrade.

The following summarizes Moody's's rating action:

Issuer: Wesco Aircraft Hardware Corp.

Corporate Family Rating, affirmed B2

Probability of Default Rating, affirmed B3-PD

$180 million senior secured revolving credit facility due 2021,
affirmed B2 (LGD3)

$400 million ($365 million outstanding) senior secured term loan A
due 2021, affirmed B2 (LGD3)

$525 million ($441 million outstanding) senior secured term loan B
due 2021, affirmed B2 (LGD3)

Speculative Grade Liquidity Rating, upgraded to SGL-3 to SGL-4

Rating Outlook changed to Stable from Negative

Wesco Aircraft Hardware Corp., headquartered in Valencia, CA, is a
wholly-owned subsidiary of NYSE-listed Wesco Aircraft Holdings
Inc., a leading distributor and provider of supply chain management
services to the global aerospace industry. Wesco's services range
from traditional distribution to the management of supplier
relationships, quality assurance, kitting, just-in-time delivery
and point-of-use inventory management. Wesco offers more than
575,000 active SKUs including chemical, electrical and C-class
hardware. Revenues for the twelve months ended June 2018 were
approximately $1.5 billion.


WHISTLER ENERGY: Order Disallowing NOC Admin Priority Claim Upheld
------------------------------------------------------------------
In the case captioned IN RE WHISTLER ENERGY II, LLC, Civil Action
No. 17-5470 (E.D. La.), Nabors Offshore Corporation appeals from a
decision of the U.S. Bankruptcy Court for the Eastern District of
Louisiana disallowing much of its administrative expense priority
claim for materials and services that it provided to Whistler
Energy II, LLC before and after it filed for bankruptcy. District
Judge Jane Triche Milazzo affirms the bankruptcy court's decision.

In the bankruptcy action, Nabors filed a Motion for Allowance of
Administrative Expense Claim Pursuant to 11 U.S.C. section 503(b)
for Unpaid Services and Equipment Provided to Debtor Post-Order for
Relief and for Demobilization-Related Costs, which was heard by the
bankruptcy court in December 2016. Nabors sought, inter alia, a
pre-demobilization administrative claim in the amount of $4.7
million and a demobilization administrative priority claim in the
amount of $3.25 million. The bankruptcy court ultimately held that
Nabors was only entitled to an administrative priority claim for
the cost of pre-demobilization services between June 20 and Oct.
20, 2016 that Whistler had requested. It found that Nabors was not
entitled to an administrative priority claim for demobilization
expenses because such were merely a consequence of the rejection of
the Contract. Nabors was allowed an administrative priority claim
in the amount of $897,024 and a general unsecured rejection damages
claim in the amount of $6,070,901.98.

In its appeal, Nabors argues that the bankruptcy court improperly
applied 11 U.S.C. section 503.

The Court holds that Nabors misconstrued the bankruptcy court's
holding, complaining that it limited the administrative claim to
amounts that Whistler agreed to pay at trial. To the contrary,
however, the bankruptcy court expressly held that, "Nabors should
receive an administrative priority claim for the services Whistler
asked it to provide." The bankruptcy court correctly stated the law
applicable here. Nabors has not pointed this Court to any case or
law suggesting that the finding of an administrative priority claim
does not require that the debtor-in-possession induce performance.


Nabors also has not shown the Court that the bankruptcy court erred
in its factual findings regarding which materials and services were
requested by Whistler after the bankruptcy petition was filed.
Nabors has not pointed to any evidence in the record indicating
that Whistler requested the use of Nabors' materials and services
beyond those identified by the bankruptcy court. Although there is
evidence that Nabors provided, and Whistler used, additional
materials and services after the bankruptcy petition was filed,
there is no evidence that Whistler requested their use.
Accordingly, the bankruptcy court did not err in finding that
Nabors' administrative priority claim was limited to the $897,024
of services and materials that it requested post-petition.

Nabors also argues that it should be entitled to an administrative
priority claim for the demobilization because it brought Whistler
in compliance with federal statutes and Bureau of Safety and
Environmental Enforcement (BSEE) regulations. Nabors argues that
BSEE regulations require Whistler to remove the drilling rig from
its platform. In making this argument, Nabors points to the BSEE
regulations regarding decommissioning to argue that upon
installation of the drilling rig on its platform, Whistler incurred
a decommissioning obligation to remove the rig. There is no
indication, however, that Whistler was decommissioning or had any
plans to decommission its platform. There were still wells on the
platform producing oil and gas. Rather, Nabors was simply
demobilizing its equipment from the platform. Nabors has not shown
that Whistler had an obligation to demobilize Nabors' equipment
from its platform when the platform was not being decommissioned.
Accordingly, Nabors has not shown that Whistler benefited from
demobilization of the rig. The Court agrees with the bankruptcy
court's finding that demobilization was simply the logical result
of the rejection of the Contract. The bankruptcy court did not err
in finding that the demobilization was not beneficial to the estate
and that Nabors was not entitled to an administrative priority
claim for its cost.

A full-text copy of the Court's Order dated July 20, 2018 is
available at https://bit.ly/2AVmg9Y from Leagle.com.

Nabors Offshore Corporation, Appellant, represented by Scott Robert
Cheatham -- scott.cheatham@arlaw.com  -- Adams & Reese, LLP, James
Blake Hamm -- blakehamm@snowspencelaw.com -- Snow Spence Green LLP,
pro hac vice & Kenneth P. Green – kgreen@snowspencelaw.com --
Snow Spence Green LLP, pro hac vice.

Romfor Supply Company, doing business as Premiere Fluids
International & Hydra OPS LLC, Creditors, represented by H. Kent
Aguillard , Harry Kent Aguillard, Attorney at Law.

Adriatic Marine, LLC, Creditor, represented by Mark A. Mintz ,
Jones Walker.

Scientific Drilling International, Inc., Creditor, pro se.

Patterson Services, Inc., doing business as Patterson Rental Tools,
Creditor, represented by Carl Dore, Jr. , Dore Mahoney Law Group,
P.C.

Whistler Energy II, LLC, Apollo Franklin Partnership, L.P., Apollo
Centre Street Partnership, L.P., Apollo Special Opportunities
Managed Account, L.P., Apollo Credit Opportunity Fund III AIV I LP,
ANS Holdings WE Ltd. & Apollo Management, L.P., Appellees,
represented by Louis M. Phillips , One American Place & Patrick M.
Shelby -- rick.shelby@kellyhart.com -- Kelly Hart & Pitre LLP.

Official Committee of Unsecured Creditors of Whistler Energy II,
LLC, Appellee, represented by Stewart Foster Peck , Lugenbuhl,
Wheaton, Peck, Rankin & Hubbard,Benjamin Warren Kadden , Lugenbuhl,
Wheaton, Peck, Rankin & Hubbard, Christopher Todd Caplinger ,
Lugenbuhl, Wheaton, Peck, Rankin & Hubbard, Erin R. Rosenberg ,
Lugenbuhl, Wheaton, Peck, Rankin & Hubbard & Meredith S. Grabill ,
Lugenbuhl, Wheaton, Peck, Rankin & Hubbard.

U.S. Trustee, Trustee, represented by Mary Sprague Langston , Mary
Spraque Langston, Attorney at Law.

               About Whistler Energy II

Romfor Supply Company, Adriatic Marine, L.L.C., Hydra Ops, LLC,
Scientific Drilling, and Patterson Services, Inc., filed an
involuntary Chapter 11 petition against alleged debtor, Houston,
Texas-based Whistler Energy II, LLC (Bankr. E.D. La. Case No.
16-10661) on March 24, 2016.  Whistler Energy II on May 25, 2016,
consented to the Chapter 11 filed and pending before the Honorable
Jerry A. Brown in Bankruptcy Court in New Orleans.

Romfor Supply, et al., are represented by Stewart F. Peck, Esq., in
New Orleans, Louisiana.

Whistler Energy II has employed Paul J. Goodwine, Esq., and Taylor
P. Gay, Esq., at Looper Goodwine; and John P. Melko, Esq., Michael
K. Riordan, Esq., and Sharon Beausoleil, Esq., at Gardere Wynne
Sewell as counsel; UpShot Services LLC as its claims, noticing and
balloting agent; and TDF Partners, LLC's Richard DiMichele as its
chief restructuring officer.

The Official Committee of Unsecured Creditors has retained Stewart
F. Peck, Esq., Christopher Caplinger, Esq., Benjamin W. Kadden,
Esq., Joseph P. Briggett, Esq., and Erin R. Rosenberg, Esq., at
Lugenbuhl, Wheaton, Peck, Rankin & Hubbard, as counsel.


WILLIAM ABRAHAM: Trustee Selling El Paso Property for $585K
-----------------------------------------------------------
Ronald Ingalls, the Trustee of the estate of William David Abraham,
Jr., asks the U.S. Bankruptcy Court for the Western District of
Texas to authorize the sale of the real property located at 200 N.
Mesa, El Paso Texas, including improvements, to Don Luciano or
assigns for $585,000, subject to higher and better offers.

The Debtor is the sole owner of 200 N. Mesa, LLC, which owns the
Real Property described as 4 Mills 60 ft on Texas x 86.667 ft on
Mesa SWC (W 60 Ft of 24).  200 N. Mesa acquired the Real Property
from the University of Texas on Feb. 20, 2015.  The property has a
small office building with improvements consisting of approximately
5,680 sq. ft. which were built in 1938 according to the El Paso
Central Appraisal District.

The Real Property is located approximately 0.2 miles from the
Bankruptcy Court.  The corporate charter of 200 N. Mesa was
forfeited on Jan. 26, 2018 and was reinstated on May 4, 2018.  The
Debtor included the property as being beneficially owned by him in
his Schedules.  The Trustee believes that he has authority to sell
the property by virtue of the estate's ownership of 200 N. Mesa.

The Trustee as the Seller and Don Luciano or assigns as the Buyer
have entered into a Contract of Sale for the Property, subject to
the Court's approval for $585,000.  The El Paso County Appraisal
District has valued the property at $378,066.  The Debtor has
scheduled the value of the property at $1,296,167.

The Trustee has received a prior offer for the Real Property in the
amount of $415,000 from Miguel Fernandez.  Renaissance El Paso,
J.V. has valued the Real Property at $415,000 in its proposed Plan
of Reorganization.

Following is information about the proposed sale:

     a. The name and address of the proposed buyer or lessee: Don
Luciano or assigns, 1306 Texas Ave., El Paso, TX 79901-1640

     b. The proposed consideration to be received by the estate,
including estimated costs of the sale or lease, including
commissions, auctioneer's fees, costs of document preparation and
recording and any other customary closing costs: $585,000 sales
price and 6% broker's commissions equal to $35,100.  The Seller
will also pay for a title policy, preparation of the deed and bill
of sale, one-half of any escrow fee and costs to record any
documents to cure title objections that the Seller must cure.
Additionally, taxes will be pro-rated.

     c.  A description of the estimated or possible tax
consequences to the estate, if known, and how any tax liability
generated by the use, sale or lease of such property will be paid:
Unknown

A preliminary title search and review of the Schedules and proofs
of claim filed in the case indicate the following liens, judgments,
and other claims may exist against the Real Property:

     a. Ad valorem taxes owing to the City of El Paso in the amount
of $11,482 for 2018.

     b. Deed of Trust in favor of FBH Investors, LP dated Feb. 20,
2015 recorded in Clerk's File Number 2015001421, Real Property
Records of El Paso, County, Texas securing a debt in the amount of
$271,499.

Additionally, Ivan Aguilera, IGSFA Management, LLC, Loretta Lynch
and the City of El Paso all hold judgment liens against the Debtor.
However, because the Real Property has never been owned by the
Debtor, the Trustee does not believe that these liens encumber the
Real Property.

The 2018 ad valorem taxes will be pro-rated between 200 N. Mesa and
the Purchaser.  The Real Property will be sold subject to such
taxes.  The Trustee proposes to pay FBH Investors, LP at closing if
the parties can reach agreement as to a payoff amount.  All other
liens, claims, interests and encumbrances will attach to the
proceeds from the sale to the same extent, priority and validity as
existed on the petition date.

The sale will be subject to higher and better offers.  If the
Trustee receives any higher and better offers prior to the date set
for the hearing on the Motion, the Trustee will sell the Real
Property to the highest bidder.  The Trustee reserves the right to
conduct the sale by means of sealed bids or an auction in open
court, whichever will be calculated to bring the best price in the
Trustee's opinion.

A copy of the Agreement attached to the Motion is available for
free at:

    http://bankrupt.com/misc/William_Abraham_148_Sales.pdf

                      About William Abraham

William David Abraham filed for chapter 11 bankruptcy protection
(Bankr. W.D. Tex. Case No. 18-30184) on Feb. 6, 2018, and is
represented by Omar Maynez, Esq. of Maynez Law.  Franklin
Acquisitions, one of Mr. Abraham's companies, also filed for
Chapter 11 bankruptcy reorganization Feb. 6, 2018.

Mr. Abraham is a well-known businessman in El Paso, Texas.  He has
a portfolio of at least 15 downtown buildings, including several
prominent, historical ones.

On March 13, 2018, the Court appointed Ronald Ingalls as Chapter 11
Trustee.


WOODBRIDGE GROUP: Selling Beech's Carbondale Property for $1.4M
---------------------------------------------------------------
Woodbridge Group of Companies, LLC, and its affiliated debtors ask
the U.S. Bankruptcy Court for the District of Delaware to authorize
their Contract to Buy and Sell Real Estate dated as of May 23,
2018, with Martha C. Pickett and Edgell Franklin Pyles, in
connection with the sale of Beech Creek Investments, LLC's real
property located at 59 Rivers Bend, Carbondale, Colorado, together
with the Seller's right, title, and interest in and to the
buildings located thereon and any other improvements and fixtures
located thereon, and any and all of the Seller's right, title, and
interest in and to the tangible personal property and equipment
remaining on the real property as of the date of the closing of the
sale, for $1.4 million.

The Property consists of an approximately 5,706 square foot
single-family home situated on .57 acres in Carbondale, Colorado.
The Seller purchased the Property in June 2016 for a purchase price
of $1,472,500.  After briefly listing the Property for sale, the
Seller determined to take the Property off the market and remodeled
the existing Improvements before bringing the Property back to
market.

The Property has been formally listed on the multiple-listing
service for approximately 475 days and the listing price has been
reduced over that period from $1,895,000 to the current listing
price of $1,400,000.  It has also been widely marketed through
three open houses and advertisements in various print and online
media.  The Property has received three offers in the past (before
the Purchasers' offer).  The Purchasers' full price offer under the
Purchase Agreement is the highest and otherwise best offer the
Debtors have received.  Accordingly, the Debtors determined that
selling the Property on an "as is" basis to the Purchasers is the
best way to maximize the value of the Property.

On May 23, 2018, the Purchaser made a full price $1.4 million offer
on the Property.  The Debtors believe that the purchase price
provides significant value, and accordingly, the Seller
countersigned the Purchase Agreement on May 25, 2018.  Under the
Purchase Agreement, the Purchasers agreed to purchase the Property
for $1.4 million, with a $70,000 initial cash deposit, and the
balance of $1.33 million to be paid as a single cash down payment
due at closing.  The deposit is being held by Land Title Guarantee
Co. as escrow agent.

In connection with marketing the Property, the Debtors and the
Purchasers worked with different agents at Aspen Snowmass Sotheby's
International Realty, a non-affiliated third-party brokerage
company.  The Broker Agreement provides the Seller's broker with
the exclusive and irrevocable right to market the Property for a
fee in the amount of 6% of the contractual sale price and
authorizes the Seller's broker to compensate a cooperating
purchaser's broker by contributing a share of the Seller's Broker
Fee in the amount of 3% of the purchase price to the Purchasers'
agent.  The Purchase Agreement is signed by Laura Gee of Sotheby's
as the Seller's agent and Penney Carruth of Sotheby's as the
Purchasers' agent.

In addition to the Broker Fees, the Seller must also satisfy
certain required costs associated with the sale and transfer of
title of the Property to comply with the Purchase Agreement.  The
Other Closing Costs include, but are not limited to, recording
fees, title insurance policy costs, prorated property taxes, city
and county transfer taxes, and other items noted on the title
report for the Property. The Debtors also rely on outside vendors
for escrow and title services in connection with property sales.
In general, vendors are mutually agreed on by the applicable
Debtors and a purchaser prior to the acceptance of an offer.

All proceeds of the Sale (net of the Broker Fees, Other Closing
Costs and amounts required to satisfy the Third Party Lien, if any)
will be paid to the Debtors into the general account of Debtor
Woodbridge Group of Companies, LLC, and such net proceeds will be
disbursed and otherwise treated by the Debtors in accordance with
the Final DIP Order.

The Property is subject to a lien for the benefit of Woodbridge
Mortgage Investment Fund 3A, LLC, which secures indebtedness of the
Seller to the Fund in connection with the purchase of the Property.
The Fund has consented to the Sale of the Property free and clear
of the Fund Lien.

The Debtors further ask that filing of a copy of an order granting
the relief sought in Garfield County, Colorado may be relied upon
by Title Company of the Rockies to issue title insurance policies
on the Property.  They further ask authority to pay the Broker Fees
in an amount not to exceed an aggregate amount of 6% of gross sale
proceeds by (i) paying the Purchasers' Broker Fee in an amount not
to exceed 3% of the gross Sale proceeds out of such proceeds and
(ii) paying the Seller's Broker Fee in an amount not to exceed 3%
of the gross Sale proceeds out of such proceeds.

Any delay in permitting the Debtors to close the Sale could
jeopardize the Sale with the Purchaser and therefore would be
detrimental to the Debtors, their creditors, and their estates.
Accordingly, and to successfully implement the foregoing, the
Debtors ask a waiver of the notice requirements under Bankruptcy
Rule 6004(a) and the 14-day stay of any order authorizing the use,
sale, or lease of property under Bankruptcy Rule 6004(h).  

A copy of the Agreements attached to the Motion is available for
free at:

   http://bankrupt.com/misc/Woodbridge_Group_2256_Sales.pdf

A hearing on the Motion is set for Aug. 21, 2018, at 10:00 a.m.
(ET).  The objection deadline is Aug. 14, 2018 at 4:00 p.m. (ET).

                   About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion. The Chapter 11
cases are being jointly administered.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017.  On Jan. 23, 2018, the Court
approved a settlement providing for the formation of an ad hoc
noteholder group and an ad hoc unitholder group.

Judge Kevin J. Carey presides over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel.
Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as
expert consultant, Moelis & Company LLC, as investment banker.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC.  Beilinson Advisory Group is
serving as independent management to the Debtors.  Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.

The Ad Hoc Group of Noteholders retained Drinker Biddle & Reath LLP
as its counsel and Conway MacKenzie, Inc., as its financial
advisor.

The Ad Hoc Unitholder Group tapped Venable LLP as counsel.


WOODBRIDGE GROUP: Selling Newville's Carbondale Property for $81K
-----------------------------------------------------------------
Woodbridge Group of Companies, LLC, and its affiliated debtors ask
the U.S. Bankruptcy Court for the District of Delaware to authorize
their Contract to Buy and Sell Real Estate dated as of July 5,
2018, with A. Bramlet and Jane E. Kienle, in connection with the
sale of Newville Investments, LLC's real property located at 67
Alpen Glo Lane, Carbondale, Colorado, together with the Seller's
right, title, and interest in and to the buildings located thereon
and any other improvements and fixtures located thereon, and any
and all of the Seller's right, title, and interest in and to the
tangible personal property and  equipment remaining on the real
property as of the date of the closing of the sale, for $81,000.

The Property consists of an approximately .62 acre vacant lot. The
Seller purchased the Real Property in August 2015 for $137,500 with
the intention of holding the lot for future sale as a vacant lot or
for future possible development.   Ultimately, the Debtors
determined that there would be no benefit to constructing a new
home on the Real Property given the existing inventory in the
community.

The Property has been listed on the multiple listing service and
marketed for sale as a vacant lot for approximately 56 days.  The
Debtors received two initial offers for the Property, one from
another bidder in the amount of $60,000 (which was raised to
$75,000) and the other from the Purchasers in the amount of
$71,000.  The Debtors responded to each offer with a request for a
best and final offer.  The first bidder held firm at $75,000,
however, the Purchasers raised its offer to $81,000.  The
Purchasers' all cash offer under the Purchase Agreement is the
highest and otherwise best offer the Debtors have received for the
Property.  Accordingly, the Debtors determined that selling the
Property on an "as is" basis to the Purchaser is the best way to
maximize the value of the Property.

In response to the Debtors' request for best and final offers, the
Purchasers raised its initial $71,000 offer for the Property to
$81,000.  The Debtors believe that this all cash purchase price
provides significant value.  Accordingly, the Seller countersigned
the final Purchase Agreement on July 9, 2018.  Under the Purchase
Agreement, the Purchasers agreed to purchase the Property for
$81,000, with a $2,430 initial cash deposit, and the balance of
$78,570 to be paid in cash at closing, with no financing
contingencies.  The deposit is being held by Commonwealth Title Co.
as escrow agent.

In connection with marketing the Property, the Debtors and the
Purchasers worked with Aspen Snowmass Sotheby's International
Realty, a nonaffiliated third-party brokerage company, as the
transaction broker for both parties.  The Broker Agreement provides
Sotheby's with the exclusive and irrevocable right to market the
Property for a fee in the amount of 5% of the contractual sale
price.  The Purchase Agreement is signed by Laura Gee of Sotheby's
as the transaction broker for both the Seller and the Purchasers.

In addition to the Broker Fees, the Seller must also satisfy
certain required costs associated with the sale and transfer of
title of the Property to comply with the Purchase Agreement.  The
Other Closing Costs include, but are not limited to, recording
fees, title insurance policy costs, prorated property taxes, city
and county transfer taxes, and other items noted on the title
report for the Property. The Debtors also rely on outside vendors
for escrow and title services in connection with property sales.
In general, vendors are mutually agreed on by the applicable
Debtors and a purchaser prior to the acceptance of an offer.

All proceeds of the Sale (net of the Broker Fees, Other Closing
Costs and amounts required to satisfy the Third Party Lien, if any)
will be paid to the Debtors into the general account of Debtor
Woodbridge Group of Companies, LLC, and such net proceeds will be
disbursed and otherwise treated by the Debtors in accordance with
the Final DIP Order.

The Debtors further ask that filing of a copy of an order granting
the relief sought in Garfield County, Colorado may be relied upon
by Title Company of the Rockies to issue title insurance policies
on the Property.  They further ask authority to pay the Broker Fees
in an amount not to exceed an aggregate amount of 5% of gross sale
proceeds.

Any delay in permitting the Debtors to close the Sale could
jeopardize the Sale with the Purchaser and therefore would be
detrimental to the Debtors, their creditors, and their estates.
Accordingly, and to successfully implement the foregoing, the
Debtors ask a waiver of the notice requirements under Bankruptcy
Rule 6004(a) and the 14-day stay of any order authorizing the use,
sale, or lease of property under Bankruptcy Rule 6004(h).  

A copy of the Agreements attached to the Motion is available for
free at:

   http://bankrupt.com/misc/Woodbridge_Group_2258_Sales.pdf

A hearing on the Motion is set for Aug. 21, 2018, at 10:00 a.m.
(ET).  The objection deadline is Aug. 14, 2018 at 4:00 p.m. (ET).

                   About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017. Woodbridge estimated assets and
liabilities at between $500 million and $1 billion. The Chapter 11
cases are being jointly administered.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017.  On Jan. 23, 2018, the Court
approved a settlement providing for the formation of an ad hoc
noteholder group and an ad hoc unitholder group.

Judge Kevin J. Carey presides over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel.
Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as
expert consultant, Moelis & Company LLC, as investment banker.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC.  Beilinson Advisory Group is
serving as independent management to the Debtors.  Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.

The Ad Hoc Group of Noteholders retained Drinker Biddle & Reath LLP
as its counsel and Conway MacKenzie, Inc., as its financial
advisor.

The Ad Hoc Unitholder Group tapped Venable LLP as counsel.


WOODBRIDGE GROUP: Selling Silverthorne's Property for $900K
-----------------------------------------------------------
Woodbridge Group of Companies, LLC, and its affiliated debtors ask
the U.S. Bankruptcy Court for the District of Delaware to authorize
their Contract to Buy and Sell Real Estate dated as of April 18,
2018, with New Day Development, LLC, in connection with the sale of
Silverthorne Investments, LLC's real property located at 345
Branding Lane, Snowmass Village, Colorado, together with the
Seller's right, title, and interest in and to the buildings located
thereon and any other improvements and fixtures located thereon,
and any and all of the Seller's right, title, and interest in and
to the tangible personal property and  equipment remaining on the
real property as of the date of the closing of the sale, for
$900,000.

The Property consists of an approximately .58 acre vacant lot.  The
Seller purchased the Real Property in January 2015 for $1.15
million with the intention of holding the lot for future sale as a
vacant lot or for future possible development.  Ultimately, the
Debtors determined that there would be no benefit to constructing a
new home on the Real Property given the existing inventory in the
community.

The Purchaser made an initial offer for the Property in the amount
of $700,000.  The Debtors provided a verbal counteroffer in the
amount of $975,000.  The Purchaser rejected that counteroffer and
held firm at $700,000.  The Debtors provided a second counteroffer
in the amount of $900,000, which the Purchaser ultimately accepted.
The Debtors believe that this purchase price provides significant
value.  Under the Purchase Agreement, the Purchaser agreed to
purchase the Property for $900,000, with a $40,000 initial cash
deposit, $630,000 to be financed by a loan, and the balance of
$230,000 to be paid in cash at closing.  The deposit is being held
by Land Title Guarantee Co. as escrow agent.

In connection with marketing the Property, the Debtors and the
Purchasers worked with Aspen Snowmass Sotheby's International
Realty, a nonaffiliated third-party brokerage company, as the
transaction broker for both parties.  The Broker Agreement provides
Sotheby's with the exclusive and irrevocable right to market the
Property for a fee in the amount of 6% of the contractual sale
price and authorizes the Seller's broker to compensate a
cooperating purchaser's broker by contributing a share of the
Seller's Broker Fee in the amount of 3% of the purchase price to
the Purchaser's broker.  The Purchase Agreement is signed by Laura
Gee of Sotheby's as the Seller's agent and Garrett Reuss of
Sotheby's as the Purchaser's agent.

In addition to the Broker Fees, the Seller must also satisfy
certain required costs associated with the sale and transfer of
title of the Property to comply with the Purchase Agreement.  The
Other Closing Costs include, but are not limited to, recording
fees, title insurance policy costs, prorated property taxes, city
and county transfer taxes, and other items noted on the title
report for the Property. The Debtors also rely on outside vendors
for escrow and title services in connection with property sales.
In general, vendors are mutually agreed on by the applicable
Debtors and a purchaser prior to the acceptance of an offer.

All proceeds of the Sale (net of the Broker Fees, Other Closing
Costs and amounts required to satisfy the Third Party Lien, if any)
will be paid to the Debtors into the general account of Debtor
Woodbridge Group of Companies, LLC, and such net proceeds will be
disbursed and otherwise treated by the Debtors in accordance with
the Final DIP Order.

The Property is subject to certain liens for the benefit of
Woodbridge Mortgage Investment Fund 2, LLC, which secure
indebtedness of the Seller to the Fund in connection with the
purchase of the Property.  The Fund has consented to the Sale of
the Property free and clear of the Fund Liens.

The Debtors further ask that filing of a copy of an order granting
the relief sought in Pitkin County, Colorado may be relied upon by
the Title Insurer to issue title insurance policies on the
Property.  They further ask authority to pay the Broker Fees in an
amount not to exceed an aggregate amount of 6% of gross sale
proceeds by (i) paying the Purchaser's Broker Fee in an amount not
to exceed 3% of the gross sale proceeds out of such proceeds and
(ii) paying the Seller's Broker Fee in an amount not to exceed 3%
of the sale proceeds.

Any delay in permitting the Debtors to close the Sale could
jeopardize the Sale with the Purchaser and therefore would be
detrimental to the Debtors, their creditors, and their estates.
Accordingly, and to successfully implement the foregoing, the
Debtors ask a waiver of the notice requirements under Bankruptcy
Rule 6004(a) and the 14-day stay of any order authorizing the use,
sale, or lease of property under Bankruptcy Rule 6004(h).  

A copy of the Agreements attached to the Motion is available for
free at:

   http://bankrupt.com/misc/Woodbridge_Group_2260_Sales.pdf

A hearing on the Motion is set for Aug. 21, 2018, at 10:00 a.m.
(ET).  The objection deadline is Aug. 14, 2018 at 4:00 p.m. (ET).

                   About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017. Woodbridge estimated assets and
liabilities at between $500 million and $1 billion. The Chapter 11
cases are being jointly administered.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017.  On Jan. 23, 2018, the Court
approved a settlement providing for the formation of an ad hoc
noteholder group and an ad hoc unitholder group.

Judge Kevin J. Carey presides over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel.
Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as
expert consultant, Moelis & Company LLC, as investment banker.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC.  Beilinson Advisory Group is
serving as independent management to the Debtors.  Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.

The Ad Hoc Group of Noteholders retained Drinker Biddle & Reath LLP
as its counsel and Conway MacKenzie, Inc., as its financial
advisor.

The Ad Hoc Unitholder Group tapped Venable LLP as counsel.


WOODBRIDGE GROUP: Selling Springline's Snowmass Property for $900K
------------------------------------------------------------------
Woodbridge Group of Companies, LLC, and its affiliated debtors ask
the U.S. Bankruptcy Court for the District of Delaware to authorize
their Contract to Buy and Sell Real Estate dated as of June 26,
2018, with New Day Development, LLC, in connection with the sale of
Springline Investments, LLC's real property located at Lot 26, Spur
Ridge Road, Snowmass Village, Colorado, together with the Seller's
right, title, and interest in and to the buildings located thereon
and any other improvements and fixtures located thereon, and any
and all of the Seller's right, title, and interest in and to the
tangible personal property and  equipment remaining on the real
property as of the date of the closing of the sale, for $900,000.

The Property consists of an approximately .62 acre vacant lot.  The
Seller purchased the Real Property in November 2014 for $1.1
million with the intention of holding the lot for future sale as a
vacant lot or for future possible development.  Ultimately, the
Debtors determined that there would be no benefit to constructing a
new home on the Real Property given the existing inventory in the
community.

The Property has been listed on the multiple-listing service and
marketed for approximately 1,217 days.  The Purchaser is also
seeking to acquire another lot owned by the Debtors.  The
Purchaser's offer under the Purchase Agreement is the highest and
otherwise best offer the Debtors have received for the Property.
Accordingly, the Debtors determined that selling the Property on an
"as is" basis to the Purchaser is the best way to maximize the
value of the Property.

The Purchaser made an initial offer for the Property in the amount
of $700,000.  The Debtors provided a verbal counteroffer in the
amount of $975,000.  The Purchaser rejected that counteroffer and
made a second offer in the amount of $800,000.  The Debtors
provided a second counteroffer in the amount of $900,000, which the
Purchaser ultimately accepted.  The Debtors believe that this
purchase price provides significant value.  Under the Purchase
Agreement, the Purchaser agreed to purchase the Property for
$900,000, with a $40,000 initial cash deposit, $630,000 to be
financed by a loan, and the balance of $230,000 to be paid in cash
at closing.  The deposit is being held by Land Title Guarantee Co.
as escrow agent.

In connection with marketing the Property, the Debtors worked with
Aspen Snowmass Sotheby's International Realty, a non-affiliated
third-party brokerage company.  The Broker Agreement provides the
Seller's broker with the exclusive and irrevocable right to market
the Property for a fee in the amount of 6% of the contractual sale
price and authorizes the Seller's broker to compensate a
cooperating purchaser's broker by contributing a share of the
Seller's Broker Fee in the amount of 3% of the purchase price to
the Purchaser's broker.  The Purchase Agreement is signed by Laura
Gee of Sotheby's as the Seller's agent and Garrett Reuss of
Sotheby's as the Purchaser's agent.

In addition to the Broker Fees, the Seller must also satisfy
certain required costs associated with the sale and transfer of
title of the Property to comply with the Purchase Agreement.  The
Other Closing Costs include, but are not limited to, recording
fees, title insurance policy costs, prorated property taxes, city
and county transfer taxes, and other items noted on the title
report for the Property.  The Debtors also rely on outside vendors
for escrow and title services in connection with property sales.
In general, vendors are mutually agreed on by the applicable
Debtors and a purchaser prior to the acceptance of an offer.

All proceeds of the Sale (net of the Broker Fees, Other Closing
Costs and amounts required to satisfy the Third Party Lien, if any)
will be paid to the Debtors into the general account of Debtor
Woodbridge Group of Companies, LLC, and such net proceeds will be
disbursed and otherwise treated by the Debtors in accordance with
the Final DIP Order.

The Property is subject to certain liens for the benefit of
Woodbridge Mortgage Investment Fund 2, LLC, which secure
indebtedness of the Seller to the Fund in connection with the
purchase of the Property.  The Fund has consented to the Sale of
the Property free and clear of the Fund Liens.

The Debtors further ask that filing of a copy of an order granting
the relief sought in Pitkin County, Colorado may be relied upon by
the Title Insurer to issue title insurance policies on the
Property.  They further ask authority to pay the Broker Fees in an
amount not to exceed an aggregate amount of 5% of g6oss sale
proceeds by (i) paying the Purchaser's Broker Fee in an amount not
to exceed 3% of the gross sale proceeds out of such proceeds and
(ii) paying the Seller's Broker Fee in an amount not to exceed 3%
of the sale proceeds.

Any delay in permitting the Debtors to close the Sale could
jeopardize the Sale with the Purchaser and therefore would be
detrimental to the Debtors, their creditors, and their estates.
Accordingly, and to successfully implement the foregoing, the
Debtors ask a waiver of the notice requirements under Bankruptcy
Rule 6004(a) and the 14-day stay of any order authorizing the use,
sale, or lease of property under Bankruptcy Rule 6004(h).  

A copy of the Agreements attached to the Motion is available for
free at:

   http://bankrupt.com/misc/Woodbridge_Group_2264_Sales.pdf

A hearing on the Motion is set for Aug. 21, 2018, at 10:00 a.m.
(ET).  The objection deadline is Aug. 14, 2018 at 4:00 p.m. (ET).

                   About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years. Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions. These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion. The Chapter 11
cases are being jointly administered.

Judge Kevin J. Carey presides over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel.
Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as
expert consultant, Moelis & Company LLC, as investment banker.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC.  Beilinson Advisory Group is
serving as independent management to the Debtors. Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017.  On Jan. 23, 2018, the Court
approved a settlement providing for the formation of an ad hoc
noteholder group and an ad hoc unitholder group.


WWLC INVESTMENT: 521 Long Life Buying Plano Property for $2.6M
--------------------------------------------------------------
WWLC Investment, L.P. asks the U.S. Bankruptcy Court for the
Eastern District of Texas to authorize the sale of the real
property located at 2901 W. 15th Street, Plano, Collin County,
Texas to 521 Long Life Mountain, LLC for $2.6 million.

The Debtor owns the Real Property which includes a commercial
retail building containing 27,280 square feet and parking lot more
fully described as Prairie Creek Estates #2, (CPL) Block B, Lot
12B.

The following parties assert security interests and/or liens upon
the Real Property which were preserved by the Plan: Collin County
Tax Assessor/Collector, Green Bank and Sorab Miraki.  The secured
claim of Sorab Miraki is disputed by the Debtor.  There is
substantial equity in the Real Property above the amount of the
Secured Creditors' liens.

The Debtor has received an offer from the Buyer to purchase the
Real Property for $2.6 million.  A sale at this amount will satisfy
all known liens and security interest in the Real Property; both
disputed and undisputed.

The Debtor proposes to sell the Real Property to the Buyer for $2.6
million.  From the gross proceeds, and prior to making payment to
the respective Secured Creditors, the Debtor will pay: i)
applicable real estate agent commissions; ii) closing costs; iii)
the ad valorem property taxes associated with the Real Property;
iv) U.S. Trustee Quarterly Fees associated with the sale; and v)
the attorney's fees incurred by the Debtor's counsel associated
with the sale.  The holders of Allowed Secured Claims, as defined
by the Plan, will be paid at closing by the closing agent.  Funds
in an amount equivalent to all Disputed Claims and Contested
Claims, as defined by the Plan, will be deposited into the IOLTA
trust account of the Debtor's Special Counsel, The Erikson Firm, A
Professional Corporation, to be held pending the final resolution
of all Disputed Claims.

The sale of the Real Property under the terms of the contract will
also allow the Debtor to satisfy all remaining undisputed unsecured
claims in the case totaling approximately $37,747.  The sale will
also allow the Debtor to satisfy its remaining administrative
expense to its bankruptcy counsel for fees and costs approved by
the Court by order dated July 17, 2018.

Under the terms of the sale set forth in the contract, the realtor,
Real Estate Reformation, LLC, will receive a commission of 2.5% of
the Sale Price.  The Debtor employed Real Estate Reformation, LLC
by Court order on Nov. 28, 2017.  The Real Property was originally
listed at $3.2 million.

The Debtor asks to sell the Real Property pursuant to these terms:

     a. Property to be sold: Real Property

     b. Purchasers: 521 Long Life Mountain, LLC and/or its assigns

     c. Price: $2.6 million

     d. Terms: Cash of $1.7 million to the Seller; Note for
$900,000 to the Seller.

     e. Release of Liens: The sale is free and clear of all liens
and encumbrances.

     f. Closing date: Aug. 30, 2018

Liens that secure amounts owed for year 2018 ad valorem property
taxes, including any penalties and interest that may accrue, will
remain attached to the Real Property and become the responsibility
of the Buyer.  The Debtor estimates that the secured claim of Green
Bank will be approximately $123,000.  he estimated disputed claim
of Miraki Sorab is $1,183,925.  Accordingly, the amount of
$1,302,317 will be escrowed in The Erikson Firm's IOLTA trust
account.

Any party interested in purchasing the Real Property should contact
the undersigned attorney for the Debtor, object to the Motion and
appear at any hearing on the Motion and offer an amount in excess
of the proposed purchase price.  Finally, due to exigent
circumstances relating to the need to close the sale so as to stay
in compliance with the terms of the Contract, the Debtor asks that
any order approving the Motion exclude the 14-day stay provided in
Rule 6004(h) of the Federal Rules of Bankruptcy Procedure.

A copy of the Agreement attached to the Motion is available for
free at:

    http://bankrupt.com/misc/WWLC_Investment_70_Sales.pdf

Objections, if any, must be filed within 21 days from the date of
notice service.

                        About WWLC Investment

WWLC Investment, L.P., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tex. Case No. 17-41913) on Sept. 1,
2017.  In the petition signed by authorized representative Wendy
Chen, the Debtor estimated assets and liabilities of less than
$50,000.  Judge Brenda T. Rhoades presides over the case.  The
Debtor hired Quilling Selander Lownds Winslett & Moser, P.C., as
legal counsel; and Palmer & Manuel, LLP, and The Erikson Firm as
special counsel.

The Debtor filed a Chapter 11 a plan of reorganization on Jan. 4,
2018.


[*] Bankruptcy Court Okays HLP's Mediation Portal for MMM Program
-----------------------------------------------------------------
IndiSoft, a global provider of technology solutions for the
financial services industry, on Aug. 14, 2018, disclosed that The
US Bankruptcy Court Northern District of Florida approved Hope
LoanPort's (HLP) web-based mediation portal to satisfy the secure
web-portal requirement of its Mortgage Modification Mediation (MMM)
program as described in Amended Administrative Order No. 15-001.

The Order requires mortgage servicers, mediators, pro se consumers
and debtors' attorneys to choose a secure portal listed in the
Order for the submission and exchange of documents, information and
communications.  This is yet another jurisdiction in a recent
series of approvals for HLP and IndiSoft that are helping modernize
and increase accessibility to consumer relief programs for at-risk
homeowners nationwide.

While the industry delinquency and foreclosure rates are at
pre-crisis lows, it is opportune for administrative bodies to
upgrade their manual, paper-based and fragmented consumer relief
programs. Hans Rusli, CEO of IndiSoft, said, "All stakeholders
benefit from a secure and easy-to-use web-portal that not only
assists consumers and their attorneys, but also helps mortgage
servicers comply with each jurisdiction's document, milestone and
cycle-time requirements".

HLP is now formally approved in the Middle and Northern US
Bankruptcy Districts of Florida and expects to be approved soon in
the Southern District as well.

According to recent data from the American Bankruptcy Institute,
more than 21, 000 personal bankruptcies have been filed in Florida
through June of 2018, the fourth greatest volume among all the
states, and many consumers seek to retain their homes through
Florida's Mortgage Modification Mediation program.

President and CEO of HLP Mark Cole added, "A key point for mortgage
servicers is that since a pro se consumer or the debtor's attorney
chooses the particular prescribed portal, it is important to ensure
the servicer has a user registered with HLP."

For more information, go to http://www.hlp.org/or
http://www.flnb.uscourts.gov/

                           About HLP

HLP is a unique collaborative created in 2009 that engages the key
stakeholders who work with families on homeownership -- nonprofit
counselors, advocates, mortgage lenders, servicers and investors,
attorneys and government agencies.  Being a national, neutral,
nonprofit organization allows HLP to listen to all the parties and
build solutions that support homeowners and incorporate the unique
needs of all stakeholders.  As a result, HLP unifies the housing
industry by helping individuals and families achieve and sustain
homeownership.  Stakeholders share information with each other via
its technology platform and collaborate to find solutions to help
homeowners.  To date, it has helped more than 600,000 homeowners
and aspiring homeowners.

                      About IndiSoft LLC

Columbia, Md.-based IndiSoft LLC -- http://www.indisoft.us/--
develops collaborative technology solutions for the financial
services industry.  Its Sunesis platform enhances risk-based
assessment and helps companies meet regulatory requirements.  The
company provides efficient, reliable and scalable solutions for
companies, including mortgage servicers, investors, insurers and
law firms to name a few, that want to remain compliant, effectively
manage workflow and maintain a competitive edge.


[*] Bankruptcy Law Firm Sees Risk in Use of Financial Apps
----------------------------------------------------------
Personal finance and money management apps, such as Venmo, PayPal,
Mint and WalletHub, offer a wide range of services, from private
money transfers to checking account balances to tracking your
household expenditures.  As Americans settle into a new age of
money management, attorneys at the law firm Fesenmyer Cousino
Weinzimmer say it is important for consumers to do their research
and choose their tools wisely.

"There are so many options available, each offering their own set
of benefits," said Danielle R. Weinzimmer.  "In many cases, people
are asked to grant access to sensitive information, including
credit or debit card information.  Consumers should always do their
homework before signing up and limit their transactions to
reputable and well-known institutions and individuals."

The firm said that apps can be a powerful tool to keep track of
expenditures and create a manageable budget.  They can also offer
simple ways for people to make transactions and transfer funds to
businesses and other individuals.

"These tools are offering much-needed assistance to people on
multiple fronts," Ms. Weinzimmer said.  "They can simplify
processes and make life easier in many ways, though caution is
always important when disclosing personal financial information."

As personal finance and money management software has increasingly
become a part of many people's lives, so has concern over data
security.  Notably, the crediting reporting company Equifax
experienced a massive data breach in 2017 that has reportedly
affected 147.9 million Americans.  Facebook, while not directly a
finance-related website, has also faced scrutiny for their handling
of users' data in relation to third-parties, such as consulting
firm Cambridge Analytica.

"What these data breaches represent is the challenge facing
companies that handle personal and, in some cases, highly sensitive
financial information of customers," said Courtney A. Cousino at
Fesenmyer Cousino Weinzimmer law firm.  "Consumers are accepting a
certain degree of risk whenever they allow a company to access
their information. When you sign up for an app and allow
information, you have to ask whether it is an institution you
trust."

When considering finance-related apps, read what reputable news
organizations and consumer advocates have to say about the
institutions that offer them, the firm said.  The attorneys also
recommended reviewing the safety and security of these apps
regularly and paying attention to consumer alerts concerning data
breaches.

"Consumers ultimately have to decide for themselves if they are
willing to accept the risk of sharing their financial information
with the providers of a software," said Thomas M. Fesenmyer.
"Unfortunately, people are made aware of security breaches only
when their data has been compromised."


[*] Discounted Tickets for 2018 Distressed Investing Conference!
----------------------------------------------------------------
Discounted tickets for Beard Group, Inc.'s Annual Distressed
Investing 2018 Conference are available if you register by August
31.  Your cost will be $695, a $200 savings.

Visit https://www.distressedinvestingconference.com/ for
registration details and information about this year's conference
agenda as well as highlights from past conferences.

Now on its 25th year, Beard Group's annual Distressed Investing
conference is the oldest and most established New York
restructuring conference.  The day-long program will be held
Monday, November 26, 2018, at The Harmonie Club, 4 E. 60th St. in
Midtown Manhattan.

For a quarter century, the focus of the conference has been on
"Maximizing Profits in the Distressed Debt Market."  The event also
serves as a forum for leaders in corporate restructuring, lending
and debt and equity investments to gather and discuss the latest
topics and trends in the distressed investing industry, as well as
exchange ideas about high-profile chapter 11 bankruptcy proceedings
and out-of-court restructurings.  They are distinguished
professionals who place their resources and reputations at risk to
produce stellar results by preserving jobs, rebuilding broken
businesses, and efficiently redeploying underutilized assets in the
marketplace.

This year's conference will also feature:

     * A luncheon presentation of the Harvey K Miller Award to
       Edward I. Altman, Professor of Finance, Emeritus, New York
       University's Stern School of Business.  (The award will be
       presented by last year's winner billionaire Marc Lasry,
       Altman's  former student.)

     * Evening awards dinner recognizing the 12 Outstanding
       Restructuring Lawyers

To learn how you can be a sponsor and participate in shaping the
day-long program, contact:

           Bernard Tolliver at bernard@beardgroup.com
                  or Tel: (240) 629-3300 x-149

To learn about media sponsorship opportunities to bring your outlet
into the view of leaders in corporate restructuring, lending and
debt and equity investments, and to expand your network of news
sources, contact:

                Jeff Baxt at jeff@beardgroup.com
                   or (240) 629-3300, ext 150

Beard Group, Inc., publishes Turnarounds & Workouts, Troubled
Company Reporter, and Troubled Company Prospector.  Visit
http://bankrupt.com/freetrial/for a free trial subscription to one
or more of Beard Group's corporate restructuring publications.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re New Pitts Place, LLC
   Bankr. D.D.C. Case No. 18-00527
      Chapter 11 Petition filed August 2, 2018
         See http://bankrupt.com/misc/dcb18-00527.pdf
         represented by: Augustus T. Curtis, Esq.
                         COHEN, BALDINGER & GREENFELD, LLC
                         E-mail: augie.curtis@cohenbaldinger.com

In re Liquiguard Technologies, Inc.
   Bankr. S.D. Fla. Case No. 18-19449
      Chapter 11 Petition filed August 2, 2018
         See http://bankrupt.com/misc/flsb18-19449.pdf
         represented by: Susan D. Lasky, Esq.
                         SUSAN D LASKY, PA
                         E-mail: ECF@suelasky.com

In re Gildardo C. Garcia
   Bankr. N.D. Ill. Case No. 18-21793
      Chapter 11 Petition filed August 2, 2018
         represented by: Richard L. Hirsh, Esq.
                         RICHARD L. HIRSH, PC
                         E-mail: richala@sbcglobal.net

In re Devlyan Corp.
   Bankr. N.D Ill. Case No. 18-21808
      Chapter 11 Petition filed August 2, 2018
         See http://bankrupt.com/misc/ilnb18-21808.pdf
         represented by: Frank Avila, Esq.
                         AVILA LAW GROUP
                         E-mail: frankavilalaw@gmail.com

In re The Way of Holiness Church, Inc.
   Bankr. N.D. Ind. Case No. 18-11450
      Chapter 11 Petition filed August 2, 2018
         See http://bankrupt.com/misc/innb18-11450.pdf
         represented by: R. David Boyer II, Esq.
                         BOYER & BOYER
                         E-mail: db2@boyerlegal.com

In re John Desmond Reilly
   Bankr. D. Mass. Case No. 18-12959
      Chapter 11 Petition filed August 2, 2018
         represented by: John A. Ullian, Esq.
                         LAW OFFICES OF ULLIAN & ASSOC.
                         E-mail: john@ullianlaw.com

In re Bilal Ahmed
   Bankr. D. Md. Case No. 18-20278
      Chapter 11 Petition filed August 2, 2018
         represented by: Marla L. Howell, Esq.
                         E-mail: mhowell@decarohowell.com

In re Harcourt St. Paul Ward, III
   Bankr. D.N.J. Case No. 18-25502
      Chapter 11 Petition filed August 2, 2018
         represented by: David E. Shaver, Esq.
                         BROEGE, NEUMANN, FISCHER & SHAVER
                         E-mail: dshaver@bnfsbankruptcy.com

In re Herbal Expressions LLC
   Bankr. E.D.N.Y. Case No. 18-44516
      Chapter 11 Petition filed August 2, 2018
         See http://bankrupt.com/misc/nyeb18-44516.pdf
         represented by: Julio E. Portilla, Esq.
                         LAW OFFICE OF JULIO E. PORTILLA, P.C.
                         E-mail: jp@julioportillalaw.com

In re Gail K. Shanta
   Bankr. E.D. Va. Case No. 18-12701
      Chapter 11 Petition filed August 2, 2018
         represented by: Jonathan Baird Vivona, Esq.
                         JONATHAN B. VIVONA, PLC
                         E-mail: vivonalaw@gmail.com

In re Jong Uk Byun
   Bankr. C.D. Cal. Case No. 18-19004
      Chapter 11 Petition filed August 3, 2018
         represented by: M. Jonathan Hayes, Esq.
                         RESNIK HAYES MORADI LLP
                         E-mail: jhayes@rhmfirm.com

In re Marcia G. Hegeman
   Bankr. D. Conn. Case No. 18-51007
      Chapter 11 Petition filed August 3, 2018
         Filed Pro Se

In re Equinox Home Care, LLC
   Bankr. D. Conn. Case No. 18-51009
      Chapter 11 Petition filed August 3, 2018
         See http://bankrupt.com/misc/ctb18-51009.pdf
         represented by: James M. Nugent, Esq.
                         HARLOW, ADAMS, AND FRIEDMAN
                         E-mail: jmn@quidproquo.com

In re Axel Amilcar Contreras and Mayra Isabel Lopez
   Bankr. D. Nev. Case No. 18-14675
      Chapter 11 Petition filed August 3, 2018
         represented by: Michael J. Harker, Esq.

In re Bangy Taxicab, Corp.
   Bankr. E.D.N.Y. Case No. 18-44530
      Chapter 11 Petition filed August 3, 2018
         See http://bankrupt.com/misc/nyeb18-44530.pdf
         represented by: Alla Kachan, Esq.
                         LAW OFFICES OF ALLA KACHAN, P.C.
                         E-mail: alla@kachanlaw.com

In re Dynamic Transportation, LLC
   Bankr. W.D. Tex. Case No. 18-31261
      Chapter 11 Petition filed August 3, 2018
         See http://bankrupt.com/misc/txwb18-31261.pdf
         represented by: E. P. Bud Kirk, Esq.
                         E-mail: budkirk@aol.com

In re Ruben Cadena
   Bankr. D. Ariz. Case No. 18-09351
      Chapter 11 Petition filed August 3, 2018
         represented by: Patrick F. Keery, Esq.
                         KEERY MCCUE, PLLC
                         E-mail: pfk@keerymccue.com

In re Mark Allen Bartlett
   Bankr. S.D. Fla. Case No. 18-19529
      Chapter 11 Petition filed August 3, 2018
         represented by: Ido J. Alexander, Esq.
                         LEIDERMAN SHELOMITH ALEXANDER ET AL.
                         E-mail: ija@lsaslaw.com

In re Richard J. Stempel
   Bankr. D. Mass. Case No. 18-12983
      Chapter 11 Petition filed August 3, 2018
         Filed Pro Se

In re Adsad LLC
   Bankr. S.D.N.Y. Case No. 18-12378
      Chapter 11 Petition filed August 4, 2018
         See http://bankrupt.com/misc/nysb18-12378.pdf
         represented by: Nicholas Fitzgerald, Esq.
                         FITZGERALD AND ASSOCIATES
                         E-mail: nickfitz.law@gmail.com

In re The Tavern Sports Grill LLC
   Bankr. E.D. Ark. Case No. 18-14256
      Chapter 11 Petition filed August 6, 2018
         See http://bankrupt.com/misc/areb18-14256.pdf
         represented by: Kevin P. Keech, Esq.
                         KEECH LAW FIRM, PA
                         E-mail: kkeech@keechlawfirm.com

In re Steven Paul Nickolas
   Bankr. D. Ariz. Case No. 18-09406
      Chapter 11 Petition filed August 6, 2018
         represented by: Joseph E. Cotterman, Esq.
                         GALLAGHER & KENNEDY, P.A.
                         E-mail: joe.cotterman@gknet.com

In re Littlefield Physical Therapy, Inc.
   Bankr. C.D. Cal. Case No. 18-16636
      Chapter 11 Petition filed August 6, 2018
         See http://bankrupt.com/misc/cacb18-16636.pdf
         represented by: Evan L Smith, Esq.
                         MESSINA & HANKIN, LLP
                         E-mail: els@elsmithlaw.com

In re JoAnne L. Strickland
   Bankr. E.D. Cal. Case No. 18-24944
      Chapter 11 Petition filed August 6, 2018
         represented by: Gabriel E. Liberman, Esq.

In re Susan V Aranda
   Bankr. N.D. Cal. Case No. 18-41814
      Chapter 11 Petition filed August 6, 2018
         Filed Pro Se

In re The Zaaco Group, LLC
   Bankr. D. Conn. Case No. 18-21293
      Chapter 11 Petition filed August 6, 2018
         See http://bankrupt.com/misc/ctb18-21293.pdf
         Filed Pro Se

In re Ideal Development Corporation
   Bankr. N.D. Ga. Case No. 18-63172
      Chapter 11 Petition filed August 6, 2018
         See http://bankrupt.com/misc/ganb18-63172.pdf
         represented by: Will B. Geer, Esq.
                         WIGGAM & GEER, LLC
                         E-mail: wgeer@wiggamgeer.com

In re Healthy Living Home Care Agency, Inc.
   Bankr. E.D.N.C. Case No. 18-03913
      Chapter 11 Petition filed August 6, 2018
         See http://bankrupt.com/misc/nceb18-03913.pdf
         represented by: Danny Bradford, Esq.
                         PAUL D. BRADFORD, PLLC
                         E-mail: dbradford@bradford-law.com

In re Tracy Hua
   Bankr. D.N.J. Case No. 18-25708
      Chapter 11 Petition filed August 6, 2018
         represented by: Robert C. Leite, Esq.
                         ROACH & LEITE, LLC
                         E-mail: rleite@rlmfirm.com

In re Nasscond Inc
   Bankr. E.D.N.Y. Case No. 18-75272
      Chapter 11 Petition filed August 6, 2018
         See http://bankrupt.com/misc/nyeb18-75272.pdf
         Filed Pro Se

In re Eagle Diner Corp.
   Bankr. E.D. Pa. Case No. 18-15169
      Chapter 11 Petition filed August 6, 2018
         See http://bankrupt.com/misc/paeb18-15169.pdf
         represented by: Ellen M. McDowell, Esq.
                         MCDOWELL LAW, PC
                         E-mail: emcdowell@mcdowelllegal.com

In re Shirlick Corp of PA
   Bankr. E.D. Pa. Case No. 18-15214
      Chapter 11 Petition filed August 6, 2018
         See http://bankrupt.com/misc/paeb18-15214.pdf
         represented by: Robert Captain Leite-Young, Esq.
                         ROACH & LEITE, LLC
                         E-mail: RoachLeite.bankruptcyPA@gmail.com

In re The Flipping Egg, LLC
   Bankr. N.D. Tex. Case No. 18-10194
      Chapter 11 Petition filed August 6, 2018
         See http://bankrupt.com/misc/txnb18-10194.pdf
         represented by: Michael S. Mitchell, Esq.
                         DEMARCO-MITCHELL, PLLC
                         E-mail: mike@demarcomitchell.com

In re Petes Chicken N More, Inc.
   Bankr. S.D. Tex. Case No. 18-20350
      Chapter 11 Petition filed August 6, 2018
         See http://bankrupt.com/misc/txsb18-20350.pdf
         represented by: William Arthur Whittle, Esq.
                         THE WHITTLE LAW FIRM, PLLC
                         E-mail: ecf@whittlelawfirm.com

In re Surfiside Beach Homes
   Bankr. S.D. Tex. Case No. 18-80229
      Chapter 11 Petition filed August 6, 2018
         See http://bankrupt.com/misc/txsb18-80229.pdf
         Filed Pro Se

In re Leslie Ingrid Prescott
   Bankr. M.D. Fla. Case No. 18-02731
      Chapter 11 Petition filed August 6, 2018
         Filed Pro Se

In re Hector Guerrero
   Bankr. C.D. Cal. Case No. 18-12000
      Chapter 11 Petition filed August 7, 2018
         represented by: Shai S. Oved, Esq.
                         E-mail: ssoesq@aol.com

In re E.C. Phillips, III
   Bankr. N.D. Cal. Case No. 18-10536
      Chapter 11 Petition filed August 7, 2018
         represented by: Michael R. Totaro, Esq.
                         LAW OFFICES OF TOTARO AND SHANAHAN
                         E-mail: mtotaro@aol.com

In re William Friske
   Bankr. M.D. Ga. Case No. 18-70915
      Chapter 11 Petition filed August 7, 2018
         represented by: Ronald B. Warren, Esq.
                         WHITEHURST, BLACKBURN, WARREN AND KELLEY
                         E-mail: bankruptcy@wbwk.com

In re Conrad Wissel, IV and Tina M Wissel
   Bankr. D.N.J. Case No. 18-25812
      Chapter 11 Petition filed August 7, 2018
         See http://bankrupt.com/misc/njb18-25812.pdf
         represented by: Jenny R. Kasen, Esq.
                         KASEN & KASEN
                         E-mail: jkasen@kasenlaw.com

In re W.N.Y. Properties of Rochester, LLC
   Bankr. N.D.N.Y. Case No. 18-61089
      Chapter 11 Petition filed August 7, 2018
         See http://bankrupt.com/misc/nynb18-61089.pdf
         Filed Pro Se

In re Robert Derek Evans
   Bankr. E.D. Pa. Case No. 18-15238
      Chapter 11 Petition filed August 7, 2018
         represented by: Matthew R. Nahrgang, Esq.
                         E-mail: mnahrgang@verizon.net

In re Dr. Shabnam Qasim MD PA
   Bankr. N.D. Tex. Case No. 18-43088
      Chapter 11 Petition filed August 7, 2018
         See http://bankrupt.com/misc/txnb18-43088.pdf
         represented by: Craig Douglas Davis, Esq.
                         DAVIS, ERMIS & ROBERTS, P.C.
                         E-mail: davisdavisandroberts@yahoo.com

In re Emmanuel Group LLC
   Bankr. S.D. Tex. Case No. 18-34446
      Chapter 11 Petition filed August 7, 2018
         See http://bankrupt.com/misc/txsb18-34446.pdf
         Filed Pro Se

In re Douglas George Jefferies
   Bankr. D.D.C. Case No. 18-00545
      Chapter 11 Petition filed August 8, 2018
         represented by: Steven H. Greenfeld, Esq.
                         COHEN, BALDINGER & GREENFELD LLC
                         E-mail: steveng@cohenbaldinger.com

In re Rabindranauth Ramson
   Bankr. D.D.C. Case No. 18-00546
      Chapter 11 Petition filed August 8, 2018
         represented by: William C. Johnson, Jr., Esq.
                         LAW OFFICES OF WILLIAM C. JOHNSON, JR.
                         E-mail: wjohnson@dcmdconsumerlaw.com

In re Elite Fitness and Gym, Inc.
   Bankr. N.D. Ill. Case No. 18-22275
      Chapter 11 Petition filed August 8, 2018
         See http://bankrupt.com/misc/ilnb18-22275.pdf
         represented by: Brian P. Welch, Esq.
                         BURKE, WARREN, MACKAY & SERRITELLA, P.C.
                         E-mail: bwelch@burkelaw.com

In re Alexander E. Hergan
   Bankr. N.D. Ill. Case No. 18-22283
      Chapter 11 Petition filed August 8, 2018
         represented by: Harold M. Saalfeld, Esq.
                         E-mail: waukeganlaw@gmail.com

In re Equity Holdings International LLC
   Bankr. D. Md. Case No. 18-20521
      Chapter 11 Petition filed August 8, 2018
         See http://bankrupt.com/misc/mdb18-20521.pdf
         represented by: Charles C. Iweanoge, Esq.
                         THE IWEANOGES' FIRM, PC
                         E-mail: cci@iweanogesfirm.com

In re Robert Edsalle Gramling, III
   Bankr. N.D. Miss. Case No. 18-13020
      Chapter 11 Petition filed August 8, 2018
         represented by: Craig M. Geno, Esq.
                         LAW OFFICES OF CRAIG M. GENO, PLLC
                         E-mail: cmgeno@cmgenolaw.com

In re Pedro Barona
   Bankr. S.D.N.Y. Case No. 18-23223
      Chapter 11 Petition filed August 8, 2018
         Filed Pro Se

In re POTJANEE, INC.
   Bankr. S.D.N.Y. Case No. 18-23225
      Chapter 11 Petition filed August 8, 2018
         See http://bankrupt.com/misc/nysb18-23225.pdf
         represented by: Lawrence Morrison, Esq.
                         MORRISON TENENBAUM, PLLC
                         E-mail: lmorrison@m-t-law.com

In re Andres Villegas Davila and Yolanda Henriquez Sanchez
   Bankr. D.P.R. Case No. 18-04497
      Chapter 11 Petition filed August 8, 2018
         represented by: Gloria Justiniano Irizarry, Esq.
                         JUSTINIANO'S LAW OFFICE
                         E-mail: justinianolaw@gmail.com

In re Rotulos Villegas Inc.
   Bankr. D.P.R. Case No. 18-04498
      Chapter 11 Petition filed August 8, 2018
         See http://bankrupt.com/misc/prb18-04498.pdf
         represented by: Gloria Justiniano Irizarry, Esq.
                         JUSTINIANO'S LAW OFFICE
                         E-mail: justinianolaw@gmail.com

In re Art & Sign F/X, Inc.
   Bankr. E.D. Va. Case No. 18-12738
      Chapter 11 Petition filed August 8, 2018
         See http://bankrupt.com/misc/vaeb18-12738.pdf
         represented by: Robert Easterling, Esq.
                         E-mail: eastlaw@easterlinglaw.com

In re Dorie Miller Memorial Post 331, Inc. American Legion of
Florida
   Bankr. M.D. Fla. Case No. 18-04814
      Chapter 11 Petition filed August 9, 2018
         See http://bankrupt.com/misc/flmb18-04814.pdf
         represented by: L. William Porter, III, Esq.
                         LAW OFFICES OF L. WILLIAM PORTER III
                         E-mail: bill@billporterlaw.com

In re Dyce-Marks Realty LLC
   Bankr. E.D.N.Y. Case No. 18-44613
      Chapter 11 Petition filed August 9, 2018
         See http://bankrupt.com/misc/nyeb18-44613.pdf
         Filed Pro Se

In re Volume Drive Inc.
   Bankr. M.D. Pa. Case No. 18-03352
      Chapter 11 Petition filed August 9, 2018
         See http://bankrupt.com/misc/pamb18-03352.pdf
         represented by: Edward James Kaushas, Esq.
                         KAUSHAS LAW
                         E-mail: Ekaushas@kaushaslaw.com

In re Venable Carrboro, LLC
   Bankr. E.D.N.C. Case No. 18-04007
      Chapter 11 Petition filed August 10, 2018
         See http://bankrupt.com/misc/nceb18-04007.pdf
         represented by: Travis Sasser, Esq.
                         SASSER LAW FIRM
                         E-mail: travis@sasserbankruptcy.com

In re JWE Property Partners, LLC
   Bankr. E.D.N.C. Case No. 18-04008
      Chapter 11 Petition filed August 10, 2018
         See http://bankrupt.com/misc/nceb18-04008.pdf
         represented by: Travis Sasser, Esq.
                         SASSER LAW FIRM
                         E-mail: travis@sasserbankruptcy.com

In re AL Therapy LLC
   Bankr. N.D. Tex. Case No. 18-32694
      Chapter 11 Petition filed August 10, 2018
         See http://bankrupt.com/misc/txnb18-32694.pdf
         represented by: Eric A. Liepins, Esq.
                         ERIC A. LIEPINS, P.C.
                         E-mail: eric@ealpc.com

In re Kingdom Gourmet, LLC
   Bankr. S.D. Tex. Case No. 18-34509
      Chapter 11 Petition filed August 10, 2018
         See http://bankrupt.com/misc/txsb18-34509.pdf
         represented by: Margaret Maxwell McClure, Esq.
                         LAW OFFICE OF MARGARET M. MCCLURE
                         E-mail: margaret@mmmcclurelaw.com

In re Harry Appel
   Bankr. S.D. Fla. Case No. 18-19732
      Chapter 11 Petition filed August 10, 2018
         represented by: Chad T Van Horn, Esq.
                         E-mail: Chad@cvhlawgroup.com

In re Ronald W Yarbrough
   Bankr. D.N.J. Case No. 18-26057
      Chapter 11 Petition filed August 10, 2018
         represented by: Jenny R. Kasen, Esq.
                         KASEN & KASEN
                         E-mail: jkasen@kasenlaw.com

In re Eva Choina
   Bankr. E.D.N.Y. Case No. 18-44643
      Chapter 11 Petition filed August 10, 2018
         represented by: Daniel C Marotta, Esq.
                         GABOR & MAROTTA LLC
                         E-mail: dan@gabormarottalaw.com

In re Lily C. Mata
   Bankr. W.D. Tex. Case No. 18-11055
      Chapter 11 Petition filed August 10, 2018
         Filed Pro Se

In re David D. Cebert and Coral Rene' Cebert
   Bankr. E.D. Wash. Case No. 18-02224
      Chapter 11 Petition filed August 10, 2018
         represented by: Dan ORourke, Esq.
                         SOUTHWELL & OROURKE
                         E-mail: dorourke@southwellorourke.com

In re Kathleen Jolley Fox
   Bankr. E.D. Wash. Case No. 18-02232
      Chapter 11 Petition filed August 10, 2018
         represented by: Dan ORourke, Esq.
                         SOUTHWELL & OROURKE
                         E-mail: dorourke@southwellorourke.com


                            *********

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.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
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 2018.  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.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

                   *** End of Transmission ***