/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/180824.mbx T R O U B L E D C O M P A N Y R E P O R T E R Friday, August 24, 2018, Vol. 22, No. 235 Headlines 401 REALTY: Taps Morrison Tenenbaum as Legal Counsel 401 SUNRISE: Taps Morrison Tenenbaum as Legal Counsel ACI CONCRETE: Hires Myers CPA as Accountant AIMIA INC: S&P Affirms BB- Issuer Credit Rating, Outlook Negative ALLEN MEDIA: S&P Affirms 'B' Issuer Credit Rating, Outlook Stable AMERICAN TANK: Court Confirms 2nd Amended Chapter 11 Plan AMY ELECTRIC: To Pay Unsecureds $2,182 Monthly Under Plan ANCHOR REEF: $2.6M Sale of Branford Property to Sachem Approved ARCHDIOCESE OF ST. PAUL: Taps Regnier as Loss Reserve Analyst ARCHER NORRIS: Case Summary & 20 Largest Unsecured Creditors ARCON PROPERTIES: Sale of Real Property to Fund Proposed Plan AVIATION ENGINEERING: Taps Richard L. Alford as Special Counsel BAKKEN INCOME: $2.1M Sale of All Assets to Zavanna Approved BANK OF ANGUILLA: Unsecureds May Recoup $0-$25MM Under New Plan BEVERLY ANN LAVIGNE: Dist. Court Upholds Dismissal of Ch. 11 Filing BIKRAM'S YOGA: Trustee's Sale of Honolulu Condo Unit #3306 Approved BIRCH WOOD: Selling South Woodstock Property for $2.8M BURL SCROGGS: Cash Wheat Grazing Lease with Scharbauer Approved CAPITAL PRESERVATION: Taps McCraney Montagnet as Legal Counsel CARIBBEAN COMMERCIAL: $117K Owed to Hired Professionals Disclosed CB SERVICES: Hires Cornwell Jackson as Accountant CC CARE: Committee Taps Province as Financial Advisor CHARITY TOWING: Hires TL Reedy as Accountant CHEQUERED FLAG: Unsecured Creditors to Recoup 10% Under Plan CLINTON NURSERIES: Taps Kainen Escaler as Special Counsel CLUBCORP HOLDINGS: S&P Alters Outlook to Negative & Affirms B ICR COLOR SPOT: Exits Bankruptcy, Appoints Scott Zoch as New CEO COMSTOCK RESOURCES: Amends Bylaws to Add Director Removal Provision COMSTOCK RESOURCES: Arkoma Drilling Has 63% Stake as of Aug. 14 COMSTOCK RESOURCES: S&P Raises ICR to 'B', Outlook Stable CONFLUENCE ENERGY: Taps Buechler & Garber as Legal Counsel DANA ELECTRIC: Hires M. Jones and Associates as Attorney DANE CLARK: Selling 117 Acres of White County Property for $1.1M DESA OF NY: Taps Wisdom Professional as Accountant DRY EYE COMPANY: Taps Whitlock & Foster as Accountant ECOSHEL INC: Taps Bernstein Shur as Legal Counsel EEI ACQUISITION: $2.2M Sale of All Assets to V&S Schuler Approved EPICOR HOLDINGS: S&P Assigns 'B-' ICR, Outlook Stable ERIC H. CARLSON: Trustee's Private Sale of Lexington Property OK'd FLIPPING EGG: Taps DeMarco Mitchell as Legal Counsel FLORIDA: Court Dismisses T. Cambell's Prisoners Suit GEI HOLDINGS: Private Sale of Irvington Property to Gabot Approved GREAT SOUTHERN: Taps Henderson Auction Co. as Auctioneer HAMKOR ENTERPRISES: Adds Class of Punitive Claims to Plan HANJIN SHIPPING: Foreigh Rep Enforcing Korea Sale Order in the US HG & ZG: Taps Andril & Espinosa as Legal Counsel HILL'S VAN SERVICE: Flying Buying Jacksonville Property for $1.1M HILL'S VAN SERVICE: Taps Ewing Real Estate as Broker HILLSIDE OFFICE: Taps Jones Lang LaSalle as Broker HOMECARE ADVANTAGE: Case Summary & 20 Largest Unsecured Creditors HUSA INC: $225K Sale of Assets to British Pub Approved INDUSTRIAL STEEL: Aug. 28 Auction Sale of St. Marys Property Set INTEGRATED DYNAMIC: Voluntary Chapter 11 Case Summary J & M SALES: Store Closing Sales Procedures Has Interim Approval JOSEPH HEATH: Fernandeses Buying Ft. Lauderdale Property for $323K KEITH BLACK: Jios Buying Interest in Assets for $21K KOST VENTURES: Hires Pulman, Cappuccio & Pullen as Counsel KOST VENTURES: Taps Audrey Mullert Vicknair as Special Counsel KOST VENTURES: Taps Santoyo Moore Wehmeyer PC as Special Counsel LEGAL COVERAGE: Trustee's $80K Sale of Diamond Ring to Kharis OK'd LIFETIME BRANDS: S&P Alters Outlook to Negative & Affirms 'B+' ICR M2 SYSTEMS: Taps Bell Law Group as Special Counsel MARRONE BIO: Incurs $4.84 Million Net Loss in Second Quarter MEENA INC: Taps Wisdom Professional as Accountant MONEYONMOBILE INC: Cancels Rights Offering Over Ownership Dispute MONEYONMOBILE INC: Suspending Reporting Obligations with the SEC MORNINGSIDE LLC: AlAbdulrazzaq Buying Venice Property for $2.9M MOSADI LLC: Plan Confirmation Hearing Set for Sept. 24 MRPC CHRISTIANA: Hires Madison Hawk Partners LLC as Realtor MRPC CHRISTIANA: Taps Trenk DiPasquale Della Fera as Counsel NEW INVESTMENTS: Hires Lane Powell as Special Counsel NOWELL TREE: Hires Steven E. Stein as Accountant OAKMONT INVESTMENT: Taps Shumacher Group as Broker ORTHOPAEDIC AND NEURO: Case Summary & 16 Unsecured Creditors OUR TOWN ASSOCIATES: Case Summary & 2 Unsecured Creditors PAIN SPECIALISTS: Taps Tameria S. Driskill as Legal Counsel PATTY DEWITT: $2.4M Sale of Morgantown Property to Hadoxes Okayed POINT COM: $75K Sale of Assets to PHP Alliance Denied w/o Prejudice POST PRODUCTION: Taps Lee Sacks as Special Counsel PREFERRED CARE: $2M Sale of Interests in Subsidiaries Approved PROPERTY REMODELING: Operating Income to Fund Chapter 11 Plan QUALITY CONSTRUCTION: Taps Allen & Gooch as Special Counsel RAVENSTAR INVESTMENTS: US Bank Proposes Sale of Reno Property RBS GLOBAL: Moody's Hikes Sr. Sec. Rating to Ba1 & Assigns Ba3 CFR RELATIVITY MEDIA: Taps Willkie Farr as Counsel in Netflix Matters SAMUEL WYLY: DAG's Auction Sale of Additional Paintings Approved SAMUELS JEWELERS: Consulting Agreement with Hilco Approved SARAR US: Committee Taps Kelley Drye as Legal Counsel SASCO HILL BRANDS: Taps Platzer, Swergold, Levine as Counsel SDA INC: Taps Wisdom Professional as Accountant SENIOR CARE: Sept. 25-27 Auction Set for Brookside Facility SENIOR CARE: Sept. 25-27 Auction Set for Four Seasons Facility SENIOR CARE: Sept. 25-27 Auction Set for Oak Ridge Facility SKEFCO PROPERTIES: Kelley Buying Memphis Properties for $2.5M SMGR LLC: Taps Buddy D. Ford as Legal Counsel SPRINGS BUILDING: Taps Michael F. Bohn as Legal Counsel STERLING ENTERTAINMENT: Taps Brownstein Hyatt as New Legal Counsel STERLING ENTERTAINMENT: Taps Keith Harper as Real Estate Appraiser SUPERCLEAN ENTERPRISES: Taps Bond Law Office as Legal Counsel THREE CHIEFS: Case Summary & 20 Largest Unsecured Creditors TM VILLAGE: Case Summary & 20 Largest Unsecured Creditors TOMMIE LINGENFELTER: $250K Sale of New Smyrna Beach Condo Unit OK'd TRINITY INVESTMENT: $2K Sale of Equipment to Brian Int'l. Approved TRUTH TECHNOLOGIES: Taps Noack & Co as Accountant TURBINE GENERATION: Hires LaMonica Herbst as Special Counsel VER: Exits Chapter 11 Bankruptcy as Reorganized Company VERMONT IRISH PUB: Court Approves Cohen & Rice as Counsel VITAMIN WORLD: Oak Point Buying Remnant Assets for $18K WILL NELSON: Wiseacre Buying Memphis Parcels for $1.4 Million X-TREME BULLETS: Committee Taps Hartman & Hartman as Local Counsel [] Discounted Tickets for 2018 Distressed Investing Conference! [^] BOOK REVIEW: The Financial Giants In United States History ********* 401 REALTY: Taps Morrison Tenenbaum as Legal Counsel ---------------------------------------------------- 401 Realty Corp. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Morrison Tenenbaum, PLLC 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 plan of reorganization; and provide other legal services related to its Chapter 11 case. Morrison Tenenbaum will charge these hourly rates: Lawrence Morrison, Esq. $525 Associates $380 Paraprofessionals $150 The firm received an initial retainer in the sum of $10,000. Lawrence Morrison, Esq., a partner at Morrison Tenenbaum, 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: Lawrence Morrison, Esq. Morrison Tenenbaum, PLLC 87 Walker Street, Floor 2 New York, NY 10013 Phone: 212-620-0938 Email: lmorrison@m-t-law.com About 401 Realty Corp. 401 Realty Corp. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 18-44350) on July 27, 2018. At the time of the filing, the Debtor estimated assets of less than $100,000 and liabilities of less than $500,000. Judge Carla E. Craig presides over the case. 401 SUNRISE: Taps Morrison Tenenbaum as Legal Counsel ----------------------------------------------------- 401 Sunrise Corp. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Morrison Tenenbaum, PLLC, 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 plan of reorganization; and provide other legal services related to its Chapter 11 case. Morrison Tenenbaum will charge these hourly rates: Lawrence Morrison, Esq. $525 Associates $380 Paraprofessionals $175 Lawrence Morrison, Esq., a partner at Morrison Tenenbaum, 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: Lawrence Morrison, Esq. Morrison Tenenbaum, PLLC 87 Walker Street, Floor 2 New York, NY 10013 Phone: 212-620-0938 E-mail: lmorrison@m-t-law.com About 401 Sunrise Corp. 401 Sunrise Corp. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. N.Y. Case No. 18-44666) on August 13, 2018. At the time of the filing, the Debtor estimated assets of less than $50,000 and liabilities of less than $50,000. Judge Carla E. Craig presides over the case. ACI CONCRETE: Hires Myers CPA as Accountant ------------------------------------------- ACI Concrete Placement of Kansas, LLC, and its debtor-affiliates seek approval from the U.S. Bankruptcy Court for the District of Kansas to hire Mathew Pennington Myers and Myers CPA, LLC, as accountant for the Debtors to prepare all necessary tax returns and their filing. Fees charged by Myers CPA are: Matthew Myers $265 per hour Derek Dowell $185 per hour David Feist $115 per hour Matthew Pennington Myers, Managing Partner of Myers CPA, LLC, attests that his firm and its members are disinterested parties as defined in 11 U.S.C. Sec. 101(14). The accountant can be reached through: Matthew Pennington Myers Myers CPA, LLC 7709 Briar Prairie Village, KS 66208 About ACI Concrete Placement ACI Concrete Placement of Kansas LLC, ACI Concrete Placement of Lincoln LLC, ACI Concrete Placement of Oklahoma LLC, OKK Equipment LLC and KOK Holdings LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Kan. Case Nos. 17-21770 to 17-21774) on Sept. 14, 2017. Matthew Kaminsky, their chief operating officer, signed the petitions. The cases are jointly administered. Founded in 2007, ACI Concrete Placement provides concrete pumping and telebelt material placement. In addition to its traditional concrete placement services, ACI specializes in slip form concrete placement and separate placing booms. It owns a fleet of over 55 machines for slope paving, indoor pumping, and small set up areas, small line and grout pumps and truck mounted conveyors, etc. ACI Concrete is headquartered in Spring Hill, Kansas, with additional locations in Nebraska, Missouri, and Oklahoma. ACI-Kansas is wholly owned by debtor KOK Holdings, LLC. ACI-Oklahoma, an Oklahoma Limited Liability Company headquartered in Kansas, owned by: Lawrence Kaminsky who owns 70% of the company and Matthew Kaminsky who owns 30% of the company. ACI-Lincoln, a Nebraska Limited Liability Company headquartered in Kansas, owned by: Lawrence Kaminsky who owns 70% of the company and Matthew Kaminsky who owns 30% of the company. KOK is owned by: Lawrence Kaminsky who owns 50% of the company and Matthew Kaminsky who owns 50% of the company. OKK is wholly owned by the Debtor KOK Holdings, LLC. ACI-Kansas, ACI-Oklahoma and ACI-Lincoln function as concrete pouring companies in their respective states. OKK serves as the common equipment ownership company for all ACI companies. KOK serves as the parent holding company of the various companies and also functions as the payroll processor for the related ACI companies. The same management structure operates all five Debtors and their operations are centrally located in Spring Hill, Kansas. At the time of the filing, ACI Kansas disclosed $1.06 million in assets and $8.4 million in liabilities. Judge Dale L. Somers presides over the cases. Bradley D. McCormack, Esq., at the Sader Law Firm, serves as the Debtors' bankruptcy counsel. The Debtors hired Duncan Financial Group, LLC as financial consultant; Altus Global Trade Solutions as collection agent; and GlassRatner Advisory & Capital Group, LLC and Tarsus CFO Services, LLC, as consultants. On Nov. 1, 2017, the Office of the U.S. Trustee appointed an official committee of unsecured creditors. The committee is represented by Hall, Estill, Hardwick, Gable, Golden & Nelson, P.C. AIMIA INC: S&P Affirms BB- Issuer Credit Rating, Outlook Negative ----------------------------------------------------------------- S&P Global Ratings said it affirmed its ratings on Aimia Inc., including its 'BB-' long-term issuer credit rating on the company. The outlook is negative. The affirmation and negative outlook reflect the limited visibility S&P has on Aimia's business strategy and capital structure plans following the potential sale of the company's Aeroplan program to a consortium composed of Air Canada, Toronto-Dominion Bank, Canadian Imperial Bank of Commerce, and Visa Canada Corp. for C$450 million in cash; the consortium will also assume approximately C$1.9 billion of Aeroplan miles liability S&P said, "We expect the sale of Aimia's Aeroplan business will lead to minimal cash flow generating assets for the company, which could have negative implications for our view of the company's competitive position. However, if the transaction closes as proposed, we expect Aimia will have significant financial capacity to repay its debt obligations. Our affirmation also reflects our view that the company is likely to use cash proceeds from the sale to repay its C$250 million of senior secured notes and about C$80 million outstanding on its revolving credit facility as of second-quarter 2018. In addition, we believe Aimia will have the opportunity to receive additional cash from the potential sale of its remaining assets, including its equity stake in Premier Loyalty & Marketing, S.A.P.I. de C.V. and Cardlytics. The closing of the proposed transaction is subject to the satisfactory conclusion of definitive transaction documents, Aimia shareholder approval, and certain other conditions, including due diligence, receipt of customary regulatory approvals, and the consortium's completion of credit card loyalty program and network agreements for future participation in Air Canada's new loyalty program." The negative outlook on Aimia reflects our limited visibility on the company's business strategy and capital structure plans following the potential sale of the Aeroplan program. S&P said, "We could lower the rating within the next 12 months if Aimia does not clearly articulate its future business strategy and financial policy for the company post the disposal of Aeroplan program. We could also lower the rating if the company does not pay down its debt outstanding, including the senior secured notes and balance outstanding on the revolving credit facility. "We could revise the outlook to stable within the next 12 months if the company redeems its senior secured notes and pays down the revolving credit facility, effectively resulting in zero debt reported on its balance sheet. At the same time, we would also expect Aimia to clearly articulate its business strategy and capital structure plans." ALLEN MEDIA: S&P Affirms 'B' Issuer Credit Rating, Outlook Stable ----------------------------------------------------------------- S&P Global Ratings affirmed its 'B' issuer credit rating on U.S.-based Allen Media LLC. The rating outlook is stable. S&P said, "At the same time, we affirmed our 'B' issue-level on the company's revised $375 million senior secured first-lien term loan. The '3' recovery rating, which remains unchanged, indicates our expectation of meaningful (50%-70%; rounded estimate: 65%) recovery of principal in the event of a payment default. "The revised terms of the deal do not materially affect our assessment of the rating. The reduction of the term loan reduces leverage to about 4x on a pro forma basis from about 5x under the initial terms. However, the revised terms also reduce the maturity of the loan to 2023 from 2025 and the higher amortization will increase the company's fixed costs. Additionally, the company has yet to establish a track record of operational success given the secular challenges facing linear television. "The stable outlook reflects our expectation that Allen Media will maintain leverage between 3.5x-4.0x in 2019 while generating free operating cash flow in excess of $35 million. We also expect the Weather Channel's current multiyear carriage agreements to provide some revenue stability despite secular pressure the cable industry is currently facing. "Given the dependence on the Weather Channel's EBITDA and cash flows, we could lower our rating if operating performance deteriorates such that we expect adjusted leverage to increase and remain above the mid-4x area on a sustained basis. This could occur if declines in subscribers accelerate beyond our base-case assumptions of 4% annually, which would in turn reduce affiliate fee revenues and advertising revenues. Additionally, we could lower the rating if the Weather Channel experiences substantial management turnover, which would negatively affect our assessment of the company's future operating prospects." An upgrade would entail the company demonstrating revenue and EBITDA stability in the Weather Channel and considerable growth at Entertainment Studios stemming from significant subscriber growth for its cable networks. Additionally, S&P would want to see a more robust governance structure implemented at the company and a longer track record of operational success. AMERICAN TANK: Court Confirms 2nd Amended Chapter 11 Plan --------------------------------------------------------- The U.S. Bankruptcy Court for the Western District of Louisiana has confirmed American Tank Company, Inc.'s second amended plan and disclosure statement. The treatment of Ford Motor Credit's Class 2 claims and the treatment Unsecured Class 4 claims have been modified in the second amended Ford Motor Credit has 4 claims: Claim 2 in the amount of $7,508.96 secured by a 2013 Ford F250 VIN: 1FT7W2A6XDEA46844. Adequate protection payments have been made as per Order dated November 20, 2017 in the amount of $243.90 per month. All adequate protection payments will be applied directly to the principal. The principal balance will be paid over a 24 month period beginning 30 days after confirmation at the rate of 6%. Payments will be approximately $333 per month. Claim 3 in the amount of $25,692.64 secured by 2015 Ford F2502, VIN: 1FT7W2A64FEB66920. The Debtor has made adequate protection payments in the amount of $373.38 per month as per court order dated November 20, 2017. All adequate protection payments will be applied directly to the principal. The principal balance will be paid over a 48 month term at the rate of 6% beginning 30 days after confirmation. Payments will be approximately $603 per month. Claim 19 in the amount of $7,811.78 secured by a 2012 Ford F250 VIN: 1FMCU0GX4EUC81610. The Debtor has paid adequate protection payments of $294.13 per month as per court order dated November 20, 2017. All adequate protection payments will be applied directly to the principal. The balance will be paid over a 24 month period at the rate of 6%. Payments will be approximately $350 per month. Claim 20 in the amount of $12,279.36 secured by a 2014 Ford Escape, VIN: 1FMCU0GX4EUC81610. The vehicle was sold and the claim paid in full as per court order dated November 20, 2017. Allowed unsecured claims in Class 3 will share on a pro rata basis distributions totaling $50,000 which will be paid on a quarterly basis beginning the end of the first quarter after confirmation. Quarterly payments will be $2,500 per quarter. This distribution to unsecured creditors will result in a 5% dividend. Additionally, unsecured creditors will receive for pro rata distribution a payment equal to 20% of the Debtor's annual net operating profit for three years. Net Operating profit will be calculated beginning Jan. 1, 2019, the calculation of net operating profit shall not include any deductions for capital expenditures, dividends or bonuses to any insiders. A copy of the Second Amended Plan and Disclosures is available at: http://bankrupt.com/misc/lawb17-51160-151.pdf About American Tank Company American Tank Company, Inc., specializes in fabrication, design, erection, disassembly, inspection and maintenance of API 12B and AWWA D103 Bolted Tanks. American Tank, based in New Iberia, Louisiana, filed a Chapter 11 petition (Bankr. W.D. La. Case No. 17-51160) on Sept. 5, 2017. In the petition signed by Larry J. Romero, its president, the Debtor disclosed $1.76 million in assets and $1.83 million in liabilities. Judge Robert Summerhays presides over the case. William C. Vidrine, Esq., at Vidrine & Vidrine, PLLC, serves as bankruptcy counsel. The Debtor hired Fran R. Henderson, as its accountant. AMY ELECTRIC: To Pay Unsecureds $2,182 Monthly Under Plan --------------------------------------------------------- Amy Electric, Inc., filed with the U.S. Bankruptcy Court for the District of Ohio a disclosure statement for its proposed plan of reorganization. The Debtor is a privately owned Ohio corporation. Debtor's primary source of income derives from electrical contracting and service calls to clients for electrical repairs. Debtor’s income is steady from month to month as it has contracts in place over the next year with various entities. The Debtor's main assets are its assortment of work vehicles along with some inventory and receivables. Class 3 consists of Allowed General Unsecured Claims of creditors of the Debtor, other than the Lender and any Insiders in the amount of $130.975.80 and will be paid on a pro rata basis, $2182.93 per month. The Plan provides that all payments or other distributions provided for under the Plan will be made from existing funds of Debtor as of the Effective Date, funds generated subsequent to the Effective Date by Debtor through its business operations, funds realized through the sale by Debtor of any of its property, funds realized through the prosecution and enforcement of claims, demands and causes of action retained by Debtor pursuant to the Plan, less any costs associated with recovering such funds, and the proceeds of any financing, as may be deemed appropriate by Debtor. A full-text copy of the Disclosure Statement is available at: http://bankrupt.com/misc/ohsb2-18-51225-46.pdf About Amy Electric Amy Electric, Inc., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ohio Case No. 18-51225) on March 7, 2018. In the petition signed by Michael Yoder, president, the Debtor estimated assets of less than $100,000 and liabilities of less than $500,000. Judge C. Kathryn Preston presides over the case. The Debtor tapped Nobile & Thompson Co., L.P.A., as its legal counsel. ANCHOR REEF: $2.6M Sale of Branford Property to Sachem Approved --------------------------------------------------------------- Judge James J. Tancredi of the U.S. Bankruptcy Court for the District of Connecticut authorized Anchor Reef Club at Branford, LLC's private sale of the real property located at 60 Maple Street, Branford, Connecticut to Sachem Building and Development, LLC for $2.6 million. The sale is free and clear of the Interests, with such Interests attaching to the proceeds of the Assets. With regard to Phase 1B as described in Anchor Reef's public offering statement, the Purchaser will be liable for and assume the obligations to complete certain environmental remediation on Phase 1B at the Property and obtain approval from the Connecticut Department of Environmental Protection for the completion of environmental remedial efforts at Phase 1B pursuant to a remedial action plan and to record an environmental land use restriction. The Purchaser will be liable for the obligation(s) to convey title to all common elements and the fee in the Property to the Association as described in Anchor Reef's public offering statement and to develop the Property in accordance with Anchor Reef's public offering statement and declaration. With regard to Phase 1A and Phase 2A, Phase 2B and Phase 4 as described in Anchor Reef's public offering statement, Anchor Reef will remain liable for and assume the obligations to complete certain environmental remediation on Phase 1A and Phase 2A at the Property and obtain approval from the Connecticut Department of Environmental Protection for the completion of environmental remedial efforts at Phase 1A Phase 2A, Phase 2B and Phase 4 pursuant to a remedial action plan and to record an environmental land use restriction. No Closing under the terms of the Order may or can occur unless Anchor Reef posts a letter of credit to secure the performance by Anchor Reef of Environmental Obligations as defined in its settlement agreement with the Association, which letter of credit (and related documents, if any) will be in a form and in an amount agreed to by the Association. As soon as practicable after the entry of this Sale Approval Order, Anchor Reef will provide to the Association a report from an LEP regarding the Environmental Obligations, including a proposed scope of work for and cost of complying with such obligations. The Order is final order and is enforceable upon its entry and to the extent necessary under Bankruptcy Rules 5003, 9014, 9021 and 9002. The counsel for the Anchor Reef will serve this Sale Approval Order on all creditors and appearing parties along with a notice advising said creditors and appearing parties that they may object to the entry of this Order by filing a document with the Office of the Clerk of the United States Bankruptcy Court on Aug. 6, 2018. About Anchor Reef Club at Branford Anchor Reef Club at Branford, LLC, based in Westlake Village, CA, filed a Chapter 11 petition (Bankr. D. Conn. Case No. 17-21080) on July 19, 2017. In the petition signed by Albert Nassi, manager of the member, the Debtor estimated $1 million to $10 million in assets and $10 million to $50 million in liabilities. The Hon. James J. Tancredi presides over the case. Timothy D. Miltenberger, Esq., at Coan Lewendon Gulliver & Miltenberger, LLC, serves as bankruptcy counsel. ARCHDIOCESE OF ST. PAUL: Taps Regnier as Loss Reserve Analyst ------------------------------------------------------------- The Archdiocese of Saint Paul and Minneapolis seeks approval from the U.S. Bankruptcy Court for the District of Minnesota to hire Regnier Consulting Group, Inc. The Debtor requires the assistance of a loss reserve analyst for the self-insured workers' compensation program it maintains under the General Insurance Fund. Regnier Consulting will be paid a flat fee of no more than $3,700. Steven Regnier, president of Regnier Consulting, disclosed in a court filing that his firm neither holds nor represents any interest adverse to the Debtor's estate. The firm can be reached through: Steve J. Regnier Regnier Consulting Group, Inc. 3241 Business Park Drive, Suite C Stevens Point, WI 54482 Phone: (715) 344-2745 Fax: (715) 344-5051 About the Archdiocese of St. Paul The Archdiocese of Saint Paul and Minneapolis was originally established by the Vatican in 1850 and serves a geographical area consisting of 12 greater Twin Cities metro-area counties in Minnesota, including Ramsey, Hennepin, Anoka, Carver, Chicago, Dakota, Goodhue, Le Sueur, Rice, Scott, Washington, and Wright counties. There are 187 parishes and approximately 825,000 Catholic individuals in the region. These individuals and parishes are served by 3,999 priests and 173 deacons. The Archdiocese of St. Paul and Minneapolis filed for Chapter 11 protection (Bankr. D. Minn. Case No. 15-30125) in Minnesota on Jan. 16, 2015, saying it has large and growing liabilities related to child sexual abuse and that its pension obligations are underfunded. The Debtor disclosed $45,203,010 in assets and $15,890,460 in liabilities as of the Chapter 11 filing. The Debtor has tapped Briggs and Morgan, P.A., as Chapter 11 counsel; BGA Management LLC, d/b/a Alliance Management, as financial advisor; Lindquist & Vennum LLP as attorney; Regnier Consulting Group, Inc., as loss reserve analyst; and CliftonLarsonAllen LLP, as accountant. The U.S. Trustee appointed five creditors to serve on the Committee of Parish Creditors. Ginny Dwyer was appointed as the acting chairperson of the committee until such time as the members can meet and officially elect their own person. The Committee tapped Lamey Law Firm, P.A., as its conflict counsel. Other dioceses across the county have commenced Chapter 11 bankruptcy cases to address and settle claims from current and former parishioners who say they were sexually molested by priests. ARCHER NORRIS: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------ Debtor: Archer Norris, a Professional Law Corporation One Embarcadero Center, Suite 360 San Francisco, CA 94111 Business Description: Archer Norris -- https://www.archernorris.com/ -- is a California professional corporation engaged in the practice of law. Archer Norris has 75+ business-savvy litigators and transactional lawyers admitted to practice in 12 states. The firm has offices in San Francisco, Walnut Creek, Newport Beach, and Los Angeles. Chapter 11 Petition Date: August 22, 2018 Court: United States Bankruptcy Court Northern District of California (San Francisco) Case No.: 18-30924 Debtor's Counsel: Thomas A. Willoughby, Esq. FELDERSTEIN FITZGERALD WILLOUGHBY & PASCUZZI LLP 400 Capitol Mall #1750 Sacramento, CA 95814 Tel: (916) 329-7400 E-mail: TWilloughby@ffwplaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Douglas C. Strauss, president. A copy of the Debtor's list of 20 largest unsecured creditors is available for free at: http://bankrupt.com/misc/canb18-30924_creditors.pdf A full-text copy of the petition is available for free at: http://bankrupt.com/misc/canb18-30924.pdf ARCON PROPERTIES: Sale of Real Property to Fund Proposed Plan ------------------------------------------------------------- Arcon Properties, LLC, and Arcon Homes, LLC submit their second amended joint disclosure statement in support of their plans of reorganization. The latest plans are based upon a sale of the Arcon Properties Real Property. Also, if necessary, or if a buyer desires to purchase both the Arcon Properties Real Property and the Arcon Homes Personal Property, Arcon Homes will sell its Assets, including its Equipment. The sale of either the Real Property or the Arcon Homes Assets, or both, will be utilized to fund the Plan. In the event that all of the Assets of both Debtors are sold, then the Plans essentially provide for a liquidation. The Debtors' equity holder is Merrill D. Miller, Jr. In the event that liquidation of the Real Property of Arcon Properties and the Personal Property of Arcon Homes occurs, the equity is canceled and Mr. Miller will receive nothing under either Plan. In the event that any Assets are retained by either entity, then Mr. Miller will, at his option, retain his equity in whichever of the Debtors that does not liquidatee may cause such equity to be canceled and new equity may be issued to him in the same amount and percentage as exists pre-Petition. A full-text copy of the Disclosure Statement is available at: http://bankrupt.com/misc/pamb1-18-00212-173.pdf About Arcon Properties and Arcon Homes Arcon Properties, LLC is a Pennsylvania company which commenced business in April, 2013. It was formed for the purpose of owning a real property located at 195 Airport Road, Selinsgrove, Snyder County, Pennsylvania. The real estate was initially to be utilized as a manufactured building plant and associated offices. Arcon Homes, LLC was formed for the purpose of owning equipment and various vehicles and carriers to be utilized in the manufactured building business. It is a Pennsylvania company, which commenced business in 2007. Arcon Properties and Arcon Homes sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa. Case Nos. 18-00212 and 18-00213) on January 22, 2018. The petitions were signed by Merrill D. Miller, Jr., member. At the time of the filing, Arcon Properties disclosed that it had estimated assets and liabilities of $1 million to $10 million. Arcon Homes disclosed that it had estimated assets of less than $500,000 and liabilities of $1 million to $10 million. Judge Robert N. Opel II presides over the cases. The Debtors are represented by Robert E. Chernicoff, Esq., at Cunningham, Chernicoff & Warshawsky P.C. AVIATION ENGINEERING: Taps Richard L. Alford as Special Counsel --------------------------------------------------------------- Aviation Engineering Consultants, Inc., seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Richard L. Alford, P.A. as special counsel. The firm will represent the Debtor in a lawsuit it filed against Associated Aircraft Manufacturing & Sales, Inc., in the Circuit Court for the Sixth Judicial Circuit, Pinellas County. Richard Alford, Esq., disclosed in a court filing that no attorney in his firm represents any person adverse or potentially adverse to the Debtor and its estate. The firm can be reached through: Richard L. Alford, Esq. Richard L. Alford, P.A. 36426 U.S. Highway 19, North Palm Harbor, FL 34684 About Aviation Engineering Consultants Aviation Engineering Consultants, Inc., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-00241) on Jan. 12, 2018. In the petition signed by Fahim Avaregan, operations manager and trustee, the Debtor estimated assets of less than $50,000 and liabilities of less than $500,000. Judge Caryl E. Delano presides over the case. Blanchard Law, P.A., is the Debtor's bankruptcy counsel. BAKKEN INCOME: $2.1M Sale of All Assets to Zavanna Approved ----------------------------------------------------------- Judge Elizabeth Brown of the U.S. Bankruptcy Court for the District of Colorado authorized Bakken Income Fund, LLC's sale of substantially all assets to Zavanna, LLC, $2,050,000. The sale is free and clear of all interests. Notwithstanding anything else in the Order, the sale is free and clear of the Mortages only if BOFK, NA receives at closing $1.9 million or such lesser amount that it is willing to accept in its sole discretion. The Bank Payment will be paid as follows: (i) Zavanna - $1,665,000; (ii) Equinor - $185,000; and (iii) the estate - $50,000. Notwithstanding anything else in the Order or the July 2018PSA, the Buyer is not purchasing any assets owned by the Debtor that are being purchased by Equinor. By separate order, the Court will approve said sale to Equinor. The proceeds from the sale will be used to satisfy a portion of the Bank Payment as described. The Sale Order constitutes a final order. Notwithstanding any provision in the Bankruptcy Rules to the contrary, the Court expressly finds there is no reason for delay in the implementation of the Sale Order, and it is not subject to any stay. It will be immediately effective and enforceable upon entry. About Bakken Income Fund Bakken Income Fund LLC is an oil and gas investment fund. It was formed in Colorado in 2011. Its corporate offices are located at 521 DTC Parkway, Suite 200, Greenwood Village, Colorado. Bakken Income Fund sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 16-20212) on Oct. 17, 2016. In the petition signed by Randall Kenworthy, managing member, the Debtor estimated its assets and liablities at $1 million to $10 million. Judge Elizabeth E. Brown oversees the case. The Debtor tapped Courtney H. Gilmer, Esq., at Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C. as lead bankruptcy counsel, and Brownstein Hyatt Farber Schreck, LLP as co-counsel. The Debtor also hired TenOaks Energy Advisors, LLC, as sales agent. No trustee, examiner or official creditors' committee has been appointed. BANK OF ANGUILLA: Unsecureds May Recoup $0-$25MM Under New Plan --------------------------------------------------------------- National Bank of Anguilla (Private Banking & Trust) Ltd. filed with the U.S. Bankruptcy Court for the Southern District of New York a disclosure statement explaining its liquidating plan dated August 14, 2018. The Plan proposes that the Debtor's Assets will vest in a Litigation Trust and the proceeds from the liquidation of the Litigation Trust Assets will be distributed to Holders of Allowed Claims pursuant to the terms of the Plan. The Debtor believes that the recovery to Creditors and Interest holders under the Plan will equal or exceed the recovery to Creditors and Interest holders under any other feasible reorganization or liquidation alternative. As of July 31, 2018, the Debtor owes approximately $430,663.98 to its retained Professionals for services rendered from the inception of the Chapter 11 Case. A portion of that amount represents the 20% holdback of Professionals' fees pursuant to the Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses of Professionals, entered by the Bankruptcy Court on August 8, 2016. The Debtor estimates that from August 15, 2018 through the Effective Date of the Plan, the Debtor will incur an additional $50,000 in fees and other costs to its Professionals and other third-party vendors. Class 1 under the latest plan is comprised of Unsecured Claims against the Debtor. Each Holder of an Allowed Class 1 Claim will receive its Pro Rata Share of Debtor’s Available Cash until each holder receives up to 100% of its Allowed Claim, inclusive of distributions, if any, made to a Holder of an Allowed Class 1 Claim in the Anguillian Proceeding. No Holder of an Allowed Class 1 Claim will be entitled to interest on its Claim for the period following the Petition Date unless the Debtor is proven to be solvent. If the Debtor is proven to be solvent, each such Holder will be entitled to its Pro Rata Share of interest payment at the simple rate of 0.55% per annum. For purposes of voting on the Plan, the Debtor believes that the Class 1 Claims will total $35,840,000. Estimated recovery of this class is $0 to $25,385,860 from Recovery Actions, which are contested litigations. The previous version of the plan provided that no distribution will be made by the Debtor or the Reorganized Debtor to holders of allowed Unsecured Claims in the Chapter 11 Case. A full-text copy of the Disclosure Statement is available at: http://bankrupt.com/misc/nys16-11806-315.pdf About National Bank of Anguilla The National Bank of Anguilla was formed in 1984 and started operating in 1985, when it acquired the Anguilla branch of the Bank of America National Trust & Savings Association, according to its website. The private-banking unit provides financial services to offshore clients around the world and is wholly owned by its parent, Bloomberg News notes. The parent ceased banking operations on April 22, 2016. It started liquidating in an Anguillan court the following month. On May 26, it petitioned for bankruptcy court protection from U.S. creditors. Banking operations were transferred to the National Commercial Bank of Anguilla, which is wholly owned by the government. The private bank's case is In re National Bank of Anguilla (Private Banking & Trust Ltd.) Case No. 16-11806 (Bankr. S.D.N.Y.). The parent's case is Case No. 16-11529 in the same bankruptcy court. BEVERLY ANN LAVIGNE: Dist. Court Upholds Dismissal of Ch. 11 Filing ------------------------------------------------------------------- In the case captioned BEVERLY ANN LAVIGNE, v. US TRUSTEE, et al, Civil No. 1:16-cv-00098-JAW (D. Me.), District Judge John A. Woodcock, Jr. denies Debtor Beverly Ann Lavigne's appeal on the bankruptcy court's dismissal of her chapter 11 filing. The Court finds that the bankruptcy court acted within its discretion when it dismissed a Lavigne's Chapter 11 filing for failure to file required documents. A debtor is required to file certain documents within 14 days of filing a petition, including a list of their twenty largest creditors, schedules of their assets and liabilities, and in this district, a formatted matrix listing creditors and their telephone numbers. Ms. Lavigne failed to comply with the rules and statutory filing requirements and then failed to rectify her error when ordered to do so with notice that it would result in dismissal. Ms. Lavigne also had ample notice because her prior bankruptcy cases in the preceding year were dismissed for the very same reason. In those circumstances, the Bankruptcy Judge did not abuse his discretion in dismissing her case. The Court likewise denies Ms. Lavigne's motion for contempt for violating the automatic stay, because the parties in interest explained that the dates on Ms. Lavigne's exhibits demonstrate that the automatic stay was not in effect during one of the transfers, and the other transfer was not subject to the stay because it involved property of an LLC, not the debtor. A copy of the Court's Order dated August 3, 2018 is available at https://bit.ly/2MAC32I from Leagle.com. BEVERLY ANN LAVIGNE, Debtor, Appellant, pro se. US TRUSTEE, Appellee, represented by JENNIFER H. PINCUS, OFFICE OF THE U.S. TRUSTEE, STEPHEN G. MORRELL, OFFICE OF THE U.S. TRUSTEE & ERIC K. BRADFORD, DEPARTMENT OF JUSTICE. BANK OF NEW YORK MELLON, formerly known as BANK OF NEW YORK, Interested Party, represented by BRENT A. YORK, PHILLIPS, OLORE, DUNLAVEY & YORK, P.A. & JEFFREY J. HARDIMAN, SHECHTMAN, HALPERIN, SAVAGE, LLP. VIVIAN A SAVAGE & GAIL FERRY, Interested Partys, represented by JOSEPH M. O'DONNELL, GOODSPEED & O'DONNELL. Beverly Ann Lavigne filed for chapter 11 bankruptcy protection (Bankr. D. Me. Case No. 16-20035) on Jan. 28, 2016. BIKRAM'S YOGA: Trustee's Sale of Honolulu Condo Unit #3306 Approved ------------------------------------------------------------------- Judge Deborah J. Saltzman of the U.S. Bankruptcy Court for the Central District of California authorized Robbin Itkin, Chapter 11 trustee for Bikram's Yoga College of India LP, to sell the residential condominium unit located at 1330 Ala Moana Blvd. #3306, Honolulu, Hawaii, TMK No. (1) 2-3-006-003-0232, being the premises described in and covered by Transfer Certificate of Title No. 1,149,095, including the personal property, to Uchida Kensetsu Kabushiki Kaisya2 for A hearing on the Motion was held on Aug. 8, 2018 at 10:30 a.m. The sale is free and clear of any and all liens, claims, liabilities, encumbrances and interests. The Trustee is authorized to disburse or reimburse, as appropriate, from the sale proceeds received or through escrow, at closing or thereafter, as applicable, in the following amounts in the following order of priority: (i) any ordinary closing costs of sale consistent with the Purchase Contract and the Motion including, without limitation, payment of seller's liability policy, costs of delivering the Property, real property taxes, conveyance tax, and recording fees; (ii) a realtor's commission not to exceed 5% to be treated in accordance with that certain Exclusive Right-to-Sell Listing Contract dated as of May 17, 2018; (iii) payment on account of valid, undisputed, secured liens against the Property in order of their priority, and to the BYCOI estate of the Carve Out. Any disputed amounts will not be disbursed from escrow absent a court order or agreement between the Trustee and the party disputing such amounts. The Bank of Hawaii’s loan secured by the first mortgage against the property located at 1330 Ala Moana Boulevard, Unit 3306, Honolulu, Hawaii 96814, Tax Map Key 2 Number 2-3-006-003, will be paid in full through escrow, at closing, in accordance with the contractual payoff statement submitted by Bank of Hawaii to escrow on Aug. 6, 2018, with revised attorneys' fees in the total amount of $40,000, for a total payoff amount of $762,859. Notwithstanding the possible applicability of Bankruptcy Rule 6004(h), the Order will be immediately effective and enforceable upon its entry. About Bikram's Yoga Indian yoga guru Bikram Choudhury founded Bikram Choudhury Yoga, the studio that popularized doing yoga in sauna heat. Choudhury built a worldwide following with 26 yoga postures, known as Bikram Yoga, in rooms heated to 105 degrees Fahrenheit. Bikram's Yoga College of India, and related entities Bikram Choudhury Yoga Inc., Bikram Inc., Yuz Inc., and Int'l Trading Representative sought Chapter 11 protection (Bankr. C.D. Cal. Lead Case No. 17-12045) on Nov. 9, 2017 after being dogged by $16.7 million in legal judgments. Mr. Choudhury is facing allegations and lawsuits of sexual misconduct by a number of his yoga practitioners, students, instructors and teacher trainees. The yoga guru has denied wrongdoing but has fled the U.S. after a warrant has been issued for his arrest in May. A warrant for his arrest was issued for his arrest after he failed to pay a judgment awarded to Minakshi Jafa-Bodden, his former legal counsel. Bikram's Yoga College of India estimated under $100,000 in assets. Bikram Choudhury Yoga Inc. estimated under $50,000 in assets. Bikram Inc. estimated under $1 million in assets. Yuz Inc. estimated under $100,000 in assets. Int'l Trading Representative listed under $500,000 in assets. The Debtors, other than Int'l Trading, estimated under $50 million in estimated liabilities. Int'l Trading said its liabilities are under $500,000. The Chapter 11 petitions were signed by John A. Bryan, Jr., as CEO. An Oct. 15, 2017 document attached to the petition showed that Mr. Choudhury, general partner, appointed Mr. Bryan as CEO and Chief Restructuring Officer. Mr. Bryan is the CEO of restructuring firm The Watley Group, LLC. The case judge is Hon. Deborah J. Saltzman. Levene, Neale, Bender, Yoo & Brill LLP serves as counsel to the Debtors. The Watley Group is the restructuring advisor. Robbin Itkin was appointed Chapter 11 trustee for the Debtor on April 4, 2018. The trustee hired DLA Piper LLP (US) as her legal counsel. BIRCH WOOD: Selling South Woodstock Property for $2.8M ------------------------------------------------------ Birch Wood, Inc. asks the U.S. Bankruptcy Court for the District of Vermont to authorize the sale of the land and premises located at 327 Fletcher Schoolhouse Road, South Woodstock, Vermont to Laura E. Green and Christopher J. Rothermel for $2,762,500. On the Petition Date, the Debtor owned the Sale Property, consisting of a home and 25.8 acres, known as the Bybrook Farm. Prior to the Petition Date, the Debtor was subject to a non-judicial foreclosure action by Northborough Capital Partners, LLC ("NCP"), as the holder of a first mortgage against the sale property, for an alleged amount due as of May 1, 2018 less any partial payments or suspense balance of $1,800,596, which amount excludes legal fees and costs in scheduling of the foreclosure sale. The Debtor, prior to and subsequent to the Petition Date, had engaged the services of Williamson Group Sotheby's International Realty as Real Estate Listing Agency and Carol Wood as Real Estate Listing Agent for the Sale Property which property was listed with an asking price of $2,925,000. The property prior to the Petition Date had been listed at $3.2 million. On July 10, 2018, with the assistance of the Realtor, the Buyers made an offer for the purchase of the Sale Property under a Purchase and Sale Contract, as subsequently supplemented by Addendum dated July 21, 2018, for the negotiated sum of $2,762,500, which sale, beside inspection contingencies, is contingent upon Court approval. The sale will be free and clear of all liens, claims, and other interests, including the Encumbrances, with the liens to attach to the proceeds. A copy of the Purchase and Sale Contract with Addendum attached to the Motion is available for free at: http://bankrupt.com/misc/Birch_Wood_31_Sales.pdf The Sale Property is all and the same land and premises acquired by the Debtor by Quit Claim deed of Gary and Angela Moore, dated March 9, 2018, filed for record March 13, 2017 in Book 259, page 185 of the Town of Woodstock land records. Contemporaneous with the filing of the Sale Motion, the Debtor has also proceeded with the filing of its Disclosure Statement and Plan of Reorganization in which the Plan also contemplates proceeding with the proposed sale to the Buyers under the Sale Contract. On the Petition Date, the Sale Property was subject to these encumbrances of record: a. Current and delinquent real estate taxes are assessed to the Sale Property. The delinquent portions of the Real Estate Taxes total $28,425, representing the unpaid 2017-2018 tax installments due November 3, 2017 and May 4, 2018. (These amounts were obtained from the Town of Woodstock Tax Bookkeeper on Aug. 07, 2018, which amount is good through Sept. 4, 2018. This amount will increase by the date of the proposed sale.) b. Mortgage to Northborough Capital Partners, LLC in the original principal amount of $1,600,000, dated March 9, 2017 and recorded on March 13, 2017 in Book 259, Page 187-196 of the Town of Woodstock Land Records. c. Mortgage to Paul Frank & Collins, P.C. and Whelan, Corrente, Flanders, Kinder & Siket, LLP in the original principal amount of $184,916.54, dated December 8, 2016 and recorded in Book 98, Page 195 of the Town of Brookfield Land Records, which a payment was made against such mortgage with the proceeds from the NCP loan closing in the amount of $160,646.07 which left a remaining balance of approximately $100,000. Paul Frank & Collins, P.C. and Whelan, Corrente, Flanders, Kinder & Siket, LP in conjunction with NCP closing, subordinated their mortgage interest by Subordination Agreement dated March 9, 2017 and filed for record on March 13, 2017 in Book 259, pages 183-184. Upon information and belief, junior lienholders, Paul Frank & Collins, P.C. and Whelan, Corrente, Flanders, Kinder & Siket, LLP; unsecured claimant, White County Holding LLC; and equity shareholders, Gary and Angela Moore, will consent to the proposed sale. The DIP is uncertain as to NCP's position as to the sale, especially as to the proposed terms of sale as it relates to the NCP claim. The Debtor alleges as to the NCP claim, and as basis for the granting of the proposed sale over any objection, the price at which such property is to be sold is greater than the aggregate value of all liens on the property; and the lien of NCP is in bona fide dispute, as partially set forth in the DIP's Objection to Northborough Capital Partners, LLC Motion to Dismiss Bankruptcy Case, filed July 13, 2018. The Debtor, and by the Motion, asks authority, to sell the Sale Property in accordance with these procedures: i. The Debtor proceeds to take all steps necessary as to move forward with the proposed sale, as to meet all Sale Contract requirements and contingencies as to close upon such loan at such time as the Buyers are prepared to close following entry of an Order approving such sale under the Motion, or Order Confirming the Debtor's Chapter 11 plan providing for the sale of the Sale Property. Pursuant to the Sale Contract the closing may occur sooner than, but otherwise not later than, Oct. 31, 2018. ii. The Debtor will serve the Sale Motion and Notice of Motion upon all creditors of the Estate. iii. At closing, or at such time under the Chapter 11 Plan providing for such closing and effective date, the Debtor will proceed to pay all necessary and required closing costs, and proceed with the payment of the claim of the Town of Woodstock for delinquent (approximately $30,000 as of Oct. 31, 2018, based upon $28,425 through Sept. 4, 2018) and any current pro-ration of real estate taxes estimated at approximately $8,187, being a pro-rata share from July 1 to Oct. 31 at $66.56 per day based upon the 2017 taxes. iv. Escrowing the sum of not less than $2.25 million for the NCP claim; v. Payment of the subordinate liens of Paul Frank & Collins, P.C. and Whelan, Corrente, Flanders, Kinder & Siket, LLP in their allowed amount of approximately $100,000. vi. Escrow of the balance of the funds on behalf of the administrative claims, unsecured creditors, and the equity holders, pending further order of the Court. vii. The Debtor will provide a report of sale for approval within 14 days of the completion of sale for approval, in the event the sale is not conducted under the Chapter 11 plan, if confirmed and effective by the time of closing. Persons objecting to the sale of the Sale Property as set forth, free and clear of all interests, liens, and encumbrances, must file a written objection with Clerk of the Court, 11 Elmwood Avenue, Burlington, Vermont 05401, and effectuate service of a copy thereof on Raymond J. Obuchowski at P.O. Box 60, Bethel, Vermont 05032, both on 4:00 p.m. (ET) on Sept. 7, 2018. A hearing will be held on Sept. 14, 2018, at 11:00 a.m., at the U.S. Bankruptcy Court, U.S. Post Office and Courthouse, 151 West Street, Rutland, Vermont, to hear any parties who have filed written objections as set forth. A copy of the APA attached to the Motion is available for free at: http://bankrupt.com/misc/Birch_Wood_31_Sales.pdf The Purchasers: Laura E. Green Christopher J. Rothermel 890 Atlanta St, #240 Roswell, GA 30075 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. BURL SCROGGS: Cash Wheat Grazing Lease with Scharbauer Approved --------------------------------------------------------------- Judge Robert L. Jones of the U.S. Bankruptcy Court for the Northern District of Texas authorized Burl Keith Scroggs and Janet Marion Scroggs to execute and enter into a cash wheat grazing lease with Scharbauer Ranch Beef, LLC. The Debtors are authorized and directed to pay to Chris Scharbauer, doing business as 5 S Ranch, as adequate protection, $120,000, to be applied to Scharbauer's secured claim. This adequate protection payment is to be made upon the earlier of (i) receipt of the cash lease payment from SRB, or (ii) Dec. 15, 2018. Burl Keith Scroggs and Janet Marion Scroggs sought Chapter 11 protection (Bankr. N.D. Tex. Case No. 18-20174) on May 17, 2018. The Debtors tapped Bill Kinkead, Esq., at Kinkead Law Offices, as counsel. CAPITAL PRESERVATION: Taps McCraney Montagnet as Legal Counsel -------------------------------------------------------------- Capital Preservation Services, LLC, seeks approval from the U.S. Bankruptcy Court for the Southern District of Mississippi to hire McCraney, Montagnet, Quin & Noble, PLLC as its legal counsel. The firm will advise the Debtor regarding its duties under the Bankruptcy Code; investigate the Debtor's financial condition, assets and liabilities and operating issues; and provide other legal services related to its Chapter 11 case. Douglas Noble, Esq., and Ward McCraney, Esq., the attorneys who will be handling the case, will charge an hourly fee of $375. The firm's paralegal will charge $135 per hour. McCraney neither represents nor holds any interest adverse to the Debtor, according to court filings. The firm can be reached through: Douglas C. Noble, Esq. W. Thomas McCraney, III McCraney, Montagnet, Quin, Noble PLLC 602 Steed Road, Suite 200 Ridgeland, MS 39157 Telephone: (601) 707-5725 Facsimile: (601) 510-2939 Email: dnoble@mmqnlaw.com Email: tmccraney@mmqnlaw.com About Capital Preservation Services Capital Preservation Services, LLC -- http://www.cpsllcms.com/-- provides advanced tax planning, asset protection planning and estate planning services. It is headquartered in Flowood, Mississippi. Capital Preservation Services sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Miss. Case No. 18-03171) on August 16, 2018. In the petition signed by Kim Mardis, member, the Debtor estimated assets of less than $50,000 and liabilities of $1 million to $10 million. Judge Neil P. Olack presides over the case. CARIBBEAN COMMERCIAL: $117K Owed to Hired Professionals Disclosed ----------------------------------------------------------------- Caribbean Commercial Investment Bank Ltd. filed a disclosure statement in support of its liquidating plan dated August 14, 2018. The Plan proposes that the Debtor's Assets will vest in a Litigation Trust and the proceeds from the liquidation of the Litigation Trust Assets will be distributed to Holders of Allowed Claims pursuant to the terms of the Plan. As of July 31, 2018, the Debtor owes approximately $117,520.33 to its retained Professionals for services rendered from the inception of the Chapter 11 Case. A portion that amount represents the 20% holdback of Professionals' fees pursuant to the Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses of Professionals, entered by the Bankruptcy Court on December 12, 2016. The Debtor estimates that from August 15, 2018 through the Effective Date of the Plan, the Debtor will incur an additional $50,000 in fees and other costs to its Professionals and other third-party vendors. The ultimate amount of Available Cash available for distribution to Holders of Allowed Claims also will be affected by the success of the Reorganized Debtor in pursuing claims and causes of action, including without limitation, the Recovery Actions, which are vigorously contested. The Adversary Proceeding has been stayed pending resolution of the Anguillian Litigation. Upon the disposition of the Anguillian Litigation, the Debtor anticipates returning to the Bankruptcy Court to seek resolution of any of the claims in the Complaint that are not resolved by the Anguilla courts, to the extent the same are not precluded by recognition and enforcement of judgments in the Anguillian Litigation, and are not subject to dismissal for the additional reasons argued by the Defendants in the Motions to Dismiss before the Bankruptcy Court. Some of these defenses relate to whether the Bankruptcy Court has jurisdiction over the claims asserted in the Complaint or one or more of the defendants in the Adversary Proceeding. If the Bankruptcy Court finds it does not have jurisdiction over some or all of the claims or parties, then some or all of the claims or the Adversary Proceeding, as the case may be, may be subject to dismissal. If the Bankruptcy Court finds that it has does not have jurisdiction to hear some or all of the claims in the Complaint, or if the Reorganized Debtor is unsuccessful, in whole or in part, in pursuing the Recovery Actions, there will less (or no) Available Cash available for distribution to Holders of Allowed Claims. A full-text copy of the Disclosure Statement is available at: http://bankrupt.com/misc/nysb16-13311-233.pdf About Caribbean Commercial Investment Bank Caribbean Commercial Investment Bank Ltd is a commercial bank incorporated and licensed in Anguilla, with its headquarters located at 2 St. Mary's Street, The Valley, Anguilla. The Bank is wholly-owned by the Caribbean Commercial Bank (Anguilla) Ltd. ("CCB"), which was incorporated pursuant to the laws of Anguilla as a privately-owned company. On Aug. 12, 2013, the Eastern Caribbean Central Bank, which was the regulator of CCB, placed the affairs of CCB into conservatorship pursuant to the Eastern Caribbean Central Bank Agreement Act. Caribbean Commercial Investment Bank Ltd. filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No. 16-13311) on Nov. 22, 2016, listed under $50 million in both assets and liabilities. The Hon. Stuart M. Bernstein presides over the case. James C. McCarroll, Esq., Jordan W. Siev, Esq., and Kurt F. Gwynne, Esq., at Reed Smith LLP, serve as counsel. The petition was signed by William Tacon, foreign representative. Caribbean Commercial Bank (Anguilla) Ltd. is the sole shareholder of the Debtor. CCB was incorporated pursuant to the laws of Anguilla as a privately-owned company. On April 22, 2016, Eastern Caribbean Central Bank appointed a receiver for the CCB pursuant to Section 137 of Anguilla's Banking Act, No. 6 of 2015. CB SERVICES: Hires Cornwell Jackson as Accountant ------------------------------------------------- C.B. Services, Inc. seeks authority from the U.S. Bankruptcy Court for the Eastern District of Texas (Sherman) to hire Cornwell Jackson, PLLC as accountants. Cornwell Jackson, PLLC is to prepare the Debtor's Monthly Operating Reports, prepare plan Projections, and perform other accounting tasks that assist the Debtor in its daily operations and reorganization, including the preparation of tax returns and providing testimony before the Court as needed. Hourly rates charged by Cornwell Jackson are: Partner $175 to $320 Manager $110 to $210 Senior Accountants $95 to $185 Staff Accountants $75 to $110 Administrative Professionals $55 Gary Jackson, CPA, Tax and Consulting Partner of Cornwell Jackson, PLLC, attests that his firm is a "disinterested person" as defined in 11 U.S.C. Sec. 101(14). The accountant can be reached through: Gary Jackson, CPA Cornwell Jackson, PLLC 6865 Winderest Drive, Suite 100 Plano, TX 75024 About C.B. Services C.B. Services, Inc., is a privately held water main contractor in Irving, Texas. C.B. Services filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Case No. 18-41527) on July 13, 2018. In the petition signed by Charles Bishop, president, the Debtor disclosed $801,619 in assets and $814,490 in liabilities. The case is assigned to Judge Brenda T. Rhoades. Christopher J. Moser, Esq., and Kyle Woodard, Esq., at QUILLING, SELANDER, LOWNDS, WINSLETT & MOSER, P.C., serve as the Debtor's counsel. CC CARE: Committee Taps Province as Financial Advisor ----------------------------------------------------- The Official Committee of Unsecured Creditor of CC Care, LLC and its debtor-affiliates seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to retain Province, Inc. as financial advisor to the Committee, effective as of June 11, 2018. Services Province will render for the Committee are: (a) review and analyse the Debtors' weekly financial and cash flow performance as compared to their budgets; (b) review and analyse historical operating results and recent performance and comparison to Debtors' forecasts, business plans and long-term projections; (c) review and analyse the Debtors' business segments; (d) analyse the Debtors' business as a going concern; (e) analyze strategic alternatives available to the Debtors; (f) assess liquidity needs, cash flows, and viability/profitability of the business; (g) review and analyse financial and cash flow projections to evaluate the feasibility of the Debtors' projections or any proposed Plan of Reorganization; (h) assist the Committee and its counsel in developing strategies and related negotiations with the Debtors and other interested parties with respect to elements of the Debtors' treatment to the unsecured creditors under a proposed Plan or such treatment under alternative proposals; (i) provide such financial analyses as the Committee may require in connection with the Debtors; (j) represent the Committee in negotiations with the Debtors and third parties with respect to any of the foregoing; (k) provide testimony in court on behalf of the Committee with respect to any of the foregoing, if necessary; and (l) assist the Committee and its counsel as requested with respect to various financial matters. The hourly rates charged by Province are: Principal $592 Senior Directors $476 Director $288 Associate and Senior Associate $272 Administrative $96 Michael Atkinson, principal of Province Inc., attests that Province is disinterested within the meaning of 11 U.S.C. Sec. 101(14) The firm can be reached through: Michael L. Atkinson Province Inc. 2360 Corporate Circle, Suite 330 Henderson, NV 89074 Tel: 702-685-5555 Fax: 702-685-5556 About CC Care CC Care, LLC, and its affiliates are Delaware limited liability companies owned by JLM Financial Healthcare, LP, that operate long-term care facilities that provide nursing, healthcare, therapeutic and social services to the chronically ill with a diagnosis of mental illness. The operating entities own these nursing care facilities: Entity Facility Name/Location ------ ---------------------- CC Care Community Care Center, Chicago, Illinois BT Care Bourbonnais Terrace Nursing Home, Bourbonnais, Ill. CT Care Crestwood Terrace Nursing Center, Crestwood, Ill. FT Care Frankfort Terrace Nursing Center, Frankfort, Ill. JT Care Joliet Terrace Nursing Center, Joliet, Illinois KT Care Kankakee Terrance Nursing Center, Bourbonnais, Ill. SV Care Southview Manor, Chicago, Illinois TN Care Terrace Nursing Home, Waukegan, Illinois WCT Care West Chicago Terrace Nursing Home, West Chicago, Ill. On Oct. 30, 2017, Chapter 11 bankruptcy petitions were filed by CC Care, LLC, doing business as Community Care Center (Bankr. N.D. Ill. Lead Case No. 17-32406), and BT Bourbonnais Care, LLC, doing business as Bourbonnais Terrace Nursing Home (Case No. 17-32411), CT Care, LLC (17-32417), FT Care, LLC (17-32423), JT Care, LLC (17-32425), KT Care, LLC (17-32427), SV Care, LLC (17-32430), TN Care, LLC (17-32429), WCT Care, LLC (17-32433), JLM Financial Healthcare, LP (17-32421). Patrick Laffey, their manager and designated representative, signed the petitions. The cases are jointly administered under Case No. 17-32406 and assigned to Judge Janet S. Baer. At the time of filing, CC Care estimated $1 million to $10 million in assets and liabilities. The Debtors are represented by Burke Warren Mackay & Serritella P.C. On Nov. 27, 2017, the Office of the U.S. Trustee appointed an official committee of unsecured creditors. CHARITY TOWING: Hires TL Reedy as Accountant -------------------------------------------- Charity Towing and Recovery LLC is in need of retaining an accountant to complete its federal and state income taxes for 2017, and to assist with the maintenance of its financial books and records. The Debtor has selected TL Reedy, PLLC, for the reason that the Firm has assisted the Debtor with bookkeeping and preparing its taxes over the last 7.5 years and that existing familiarity with the Debtor will provide for efficiency in rendering services. The Bankruptcy Court has approved the Debtor's request. The terms of the Firm's engagement with Debtor will be to continue the bookkeeping services and prepare yearly state and federal tax returns of Debtor and to be paid a monthly fee of $300, an hourly fee of $125/hour for accounting services, and $250/hour for tax services. The Firm assured the Court it does not have any actual conflect in serving as an accountant for the Debtor, court papers show. The Firm can be reached at: Tim Reedy TL REEDY, P.L.L.C. 60 East Rio Salado Parkway, Suite 9047 Tempe, Arizona 85281 Tel No: 480-525-4301 Email: tim@tlreedypllc.com About Charity Towing and Recovery Charity Towing and Recovery, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 18-05745) on May 21, 2018. At the time of the filing, the Debtor estimated assets of less than $500,000 and liabilities of less than $1 million. Judge Madeleine C. Wanslee presides over the case. The Debtor tapped the Law Office of Mark J. Giunta as its legal counsel. CHEQUERED FLAG: Unsecured Creditors to Recoup 10% Under Plan ------------------------------------------------------------ Chequered Flag Automotive Inc. filed with the U.S. Bankruptcy Court for the Northern District of Georgia a plan of reorganization and accompanying disclosure statement proposing that general unsecured claims, classified in Class 3, are impaired and will get a semi-annual payment of $1,091 beginning March 2019 and ending on September 2023. Holders of Class 3 claims are estimated to recoup 10% of their total allowed claim amount. Payments and distributions under the Plan will be funded by cash flow from the operation of the Debtor's business. The Debtor warned though that the Reorganized Debtor may not generate sufficient revenue to fund the Plan. A copy of the Disclosure Statement from PacerMonitor.com is available at https://tinyurl.com/y8s44xp6 at no charge. About Chequered Flag Automotive Chequered Flag Automotive Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 17-67997) on October 13, 2017. Scott Bohannan, its president, signed the petition. At the time of the filing, the Debtor disclosed that it had estimated assets of less than $100,000 and liabilities of less than $500,000. CLINTON NURSERIES: Taps Kainen Escaler as Special Counsel --------------------------------------------------------- Clinton Nurseries, Inc., seeks approval from the U.S. Bankruptcy Court for the District of Connecticut to hire Kainen, Escaler & McHale, P.C., as special counsel. The firm will provide legal services to the company and its affiliates in connection with litigation and employment-related matters. Kainen will charge these hourly rates: Miguel Escalera $320 Shel Myers $290 Jennifer Dixon $290 Miguel Escalera, Esq., a shareholder of Kainen, disclosed in a court filing that his firm neither represents nor holds any interest adverse to the Debtors and their estates. The firm can be reached through: Miguel Escalera, Esq. Kainen, Escaler & McHale, P.C. 21 Oak Street, Suite 601 Hartford, CT 06106-8003 Phone: 860-493-0870 Fax: 860-493-0871 Email: mescalera@kemlaw.com About Clinton Nurseries Founded in 1921, Clinton Nurseries, Inc., operates nurseries that produce ornamental plants and other nursery products. The company grows trees, flowering shrubs, roses, ornamental grasses & ground covers, perennials, annuals, herbs and vegetables. Clinton Nurseries is based in Westbrook, Connecticut. Clinton Nurseries and its affiliates sought Chapter 11 protection (Bankr. D. Conn. Case No. 17-31897) on Dec. 18, 2017. David Richards, president, signed the petition. The cases are jointly administered under Case No. 17-31897. At the time of filing, Clinton Nurseries estimated its assets and liabilities at $10 million to $50 million. Judge James J. Tancredi presides over the cases. Zeisler & Zeisler, P.C. is the Debtors' legal counsel. The U.S. Trustee for Region 2 appointed an official committee of unsecured creditors. The committee tapped Green & Sklarz LLC as its legal counsel. CLUBCORP HOLDINGS: S&P Alters Outlook to Negative & Affirms B ICR ----------------------------------------------------------------- S&P Global Ratings affirmed the 'B' issuer credit rating on Dallas-based ClubCorp Holdings, Inc., the 'B+' issue-level rating on the company's senior secured credit facility, which consists of the $175 million revolving credit facility due 2022 and $1.175 billion term loan B due 2024, and the 'CCC+' issue-level rating on ClubCorp's $425 million senior unsecured notes due 2025. S&P said, "We revised the outlook on our issuer credit rating to negative from stable. "The negative outlook reflects our revised expectation that ClubCorp and its financial sponsor owner Apollo Global Management, LLC will sustain capital expenditures and SG&A costs at an elevated level, resulting in lowered profitability and total lease-adjusted debt to EBITDA of mid-8x in 2018, which is weak compared to our 7.75x downgrade threshold on the company. Our updated expectations reflect a shift in ClubCorp's capital allocation strategy compared to one year ago. The company has decided to prioritize rather than reduce corporate infrastructure and asset investments related to technology and billing, the reinvention of portfolio clubs, transformation of internal finance and administrative functions, and compliance systems. Although these investments are promising and could result in future cost savings, their benefits are not likely to materialize until after 2018. In the interim, however, profitability is likely to be burdened, making ClubCorp more vulnerable to operating missteps that could become magnified in a less favorable economic environment. "The negative outlook reflects our forecast for very high adjusted debt to EBITDA in the mid-8x area in 2018, which compares unfavorably to our 7.75x downgrade threshold, and our view that ClubCorp will deleverage more slowly than we had anticipated due to elevated SG&A costs and higher capital expenditures, at least through 2018. These risks could potentially result in even higher leverage than our current base case forecast in the event of operating missteps that become magnified under less favorable economic conditions. "We could lower the rating if total revenue, membership, or EBITDA results are materially worse than our expectations, making it increasingly difficult for ClubCorp to de-lever despite future anticipated reductions in SG&A costs and capital expenditures. We could lower the rating if we lose confidence that leverage will not improve to below 7.75x by the end of fiscal 2019 or adjusted EBITDA coverage of cash interest expense weakens to around 1.75x. "We could revise the outlook to stable if we become confident that ClubCorp will de-lever to below 7.75x adjusted debt to EBITDA by the end of fiscal 2019. This would likely be the result of debt repayment, meaningfully reduced capital expenditures, or EBITDA growth from lower operating costs or cost synergies." COLOR SPOT: Exits Bankruptcy, Appoints Scott Zoch as New CEO ------------------------------------------------------------ Color Spot Nurseries, one of the nation's largest greenhouse operations, has named Scott Zoch as its chief executive officer effective August 17, 2018, contemporaneous with its emergence from bankruptcy. Mr. Zoch joined Color Spot in 2001 and has held key positions at the company in sales, marketing, account management, purchasing and logistics. He most recently served as its vice president of sales & marketing. "I am pleased to lead our hard-working and talented team," commented Mr. Zoch. "Color Spot is comprised of people with deep roots in all parts of our business and with our customers. It is an honor to work with them as we move forward with a fresh capital structure. We are committed to refocusing our resources to cement our position as an industry-leading provider of high quality landscape crops, holiday crops and retail service programs." Color Spot completed a successful corporate restructuring under Chapter 11 bankruptcy and emerged from bankruptcy effective August 17, 2018. The restructuring included the sale of Color Spot's Hines division to TreeTown USA, enabling Color Spot to focus on its core businesses of bedding plants, perennials, and high-value patio planters and hanging baskets. Color Spot is emerging from Chapter 11 appropriately capitalized and with sufficient liquidity to meet customer needs. Long-time CFO Rodney Omps and Vice President of Operations Edward Jasso round out Color Spot's senior management team. Mr. Omps has served as CFO for thirteen years while Jasso has been instrumental in the company's successful operations across a variety of critical positions over the past 20 years. About Color Spot Nurseries Color Spot Nurseries delivers high-quality bedding plants, perennials, annuals, flowering tropical, ornamental shrubs, poinsettias and other holiday plants to large and small retailers and wholesalers in the Western, Southwestern and Gulf regions of the U.S. Founded in 1983, Color Spot's 1,400 employees fulfill the needs of hundreds of retail and commercial customers in 26 states. The company operates 6 production facilities in California and Texas comprising 11 million square feet of environmentally-controlled space and 1,500 acres of outdoor space. COMSTOCK RESOURCES: Amends Bylaws to Add Director Removal Provision ------------------------------------------------------------------- On and effective Aug. 17, 2018, the Board of Directors of Comstock Resources, Inc. approved and adopted the First Amendment to the Amended and Restated Bylaws of the Company. Pursuant to the Contribution Agreement by and among the Company, Arkoma Drilling, L.P., a Texas limited partnership, and Williston Drilling, L.P., a Texas limited partnership, the Contributors are permitted to designate individuals to the Board. Furthermore, pursuant to the Contribution Agreement, the Company agreed to amend its bylaws to provide that the Contributors may remove any director appointed by the Contributors to the Board at any time, with or without cause. The Bylaw Amendment reflects the amendments agreed to by the Company in the Contribution Agreement. About Comstock Comstock Resources, Inc. (NYSE: CRK) is an independent energy company based in Frisco, Texas and is engaged in oil and gas acquisitions, exploration and development primarily in Texas and Louisiana. Comstock incurred a net loss of $111.4 million for the year ended Dec. 31, 2017, compared to a net loss of $135.1 million for the year ended Dec. 31, 2016. As of June 30, 2018, Comstock Resources had $921.3 million in total assets, $1.36 billion in total liabilities, and a total stockholders' deficit of $442.4 million. COMSTOCK RESOURCES: Arkoma Drilling Has 63% Stake as of Aug. 14 --------------------------------------------------------------- In a Schedule 13D filed with the Securities and Exchange Commission, these entities reported beneficial ownership of shares of common stock of Comstock Resources, Inc., as of Aug. 14, 2018: Shares Percentage Beneficially of Reporting Person Owned Shares ---------------- ------------ ----------- Arkoma Drilling, L.P. 66,806,077 63.1% Williston Drilling, L.P. 21,765,352 20.5% Blue Star Exploration Company 88,571,429 83.6% Jerral W. Jones 88,571,429 83.6% The percentages are calculated based upon 105,930,239 outstanding shares of Common Stock, which was derived from the sum of (i) 16,278,689 outstanding shares of Common Stock as reported on the Issuer's Quarterly Report on Form 10-Q, as filed with the SEC on Aug. 9, 2018, (ii) 66,806,077 shares of Common Stock issued to Arkoma pursuant to the Contribution Agreement, dated May 9, 2018, by and among Arkoma, Williston and the Issuer, (iii) 21,765,352 shares of Common Stock issued to Williston pursuant to the Contribution Agreement, (iv) 51,449 shares of Common Stock issuable upon exercise of stock purchase warrants, which are immediately exercisable, and (v) 1,028,672 shares of Common Stock issuable for performance share units expected to be earned and vested in connection with the closing of the transactions contemplated by the Contribution Agreement. In connection with the closing of the transactions contemplated by the Contribution Agreement, dated May 9, 2018, by and among Arkoma, Williston and the Issuer (as amended on Aug. 13, 2018), Arkoma and Williston contributed certain oil and gas assets located in North Dakota and Montana producing from the Bakken shale in the Williston Basin in exchange for 66,806,077 and 21,765,352 shares of Common Stock, respectively. The purpose of the Contribution Agreement was for Arkoma and Williston to obtain a controlling interest in Comstock Resources. Pursuant to the Contribution Agreement, Arkoma and Williston received the right to designate a certain number of nominees to the Issuer's Board of Directors, subject to the limitations and conditions set forth therein, including the ownership of a specified percentage of the outstanding shares of Common Stock. A full-text copy of the regulatory filing is available for free at: https://is.gd/dwnaW3 About Comstock Comstock Resources, Inc. (NYSE: CRK) is an independent energy company based in Frisco, Texas and is engaged in oil and gas acquisitions, exploration and development primarily in Texas and Louisiana. Comstock incurred a net loss of $111.4 million for the year ended Dec. 31, 2017, compared to a net loss of $135.1 million for the year ended Dec. 31, 2016. As of June 30, 2018, Comstock Resources had $921.3 million in total assets, $1.36 billion in total liabilities, and a total stockholders' deficit of $442.4 million. COMSTOCK RESOURCES: S&P Raises ICR to 'B', Outlook Stable --------------------------------------------------------- S&P Global Ratings raised its issuer credit rating on Comstock Resources Inc. to 'B' from 'CCC+' and removed it from CreditWatch, where it was placed with positive implications on April 3, 2018. The rating outlook is stable. S&P said, "We also raised our issue-level rating on the company's senior unsecured debt to 'B' from 'CCC+' and removed it from CreditWatch positive. The recovery rating is '4', indicating our expectation for average (30%-50%; rounded estimate: 40%) recovery in the event of a payment default." The contribution of non-operated Bakken properties by Jerry Jones and Comstock's successful refinancing transactions have improved the company's business and financial risk profiles. CRK's pro forma 2.3 trillion cubic feet equivalents (Tcfe) of proved reserves are double the 2017 figures, and S&P expects production to increase by approximately 30% in 2018 to 295 million cubic feet equivalents per day (MMcfe/d). Meanwhile, CRK's debt refinancing simplified the capital structure, which now includes a partially drawn $700 million revolving credit facility maturing in 2023 and $850 million of 9.75% unsecured notes due 2026. Furthermore, the cash flows from Arkoma Drilling's Bakken assets will reduce leverage and help fund an expanded Haynesville drilling program to drive future production growth. As of March 2018, the Bakken properties (operated by Whiting, Continental, Oasis, and others) were producing over 11,000 barrels per day (Bbl/d) of oil and 17 MMcf/d of natural gas. Following the asset contribution and refinancing transactions, Comstock will continue to focus primarily on developing the Haynesville shale and growing prospective drilling inventory. S&P said, "The stable outlook is based on our view that Comstock will maintain average FFO-to-debt of over 20% over the next two years. We expect the company to continue developing its high-return Haynesville acreage, increasing natural gas production while modestly outspending internally generated cash flow under our gas price assumptions. "We could lower the issuer credit rating if we forecast Comstock's leverage will increase over the next two years, keeping projected FFO-to-debt below 20%. This could happen if the company is unable to meet its gas production growth goals, if costs exceeded expectations, or if gas price realizations deteriorated." An upgrade would require stronger leverage measures, including projected FFO-to-debt approaching 30% on a sustained basis. The company could achieve these credit measures if it meet its natural gas production targets while containing costs and capital spending. CONFLUENCE ENERGY: Taps Buechler & Garber as Legal Counsel ---------------------------------------------------------- Confluence Energy, LLC, seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Buechler & Garber, LLC as its legal counsel. The firm will advise the Debtor regarding its duties under the Bankruptcy Code; assist in the preparation of a plan of reorganization; and provide other legal services related to its Chapter 11 case. Buechler & Garber received a retainer of $9,995 from the Debtor. The Debtor paid $20,006 for the pre-bankruptcy fees and costs, including the filing fee. Aaron Garber, Esq., a partner at Buechler & Garber, disclosed in a court filing that his firm "disinterested" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Aaron A. Garber, Esq. Buechler & Garber, LLC 999 18th Street, Suite 1230S Denver, CO 80202 Telephone: (720) 381-0045 Telecopy: (720) 381-0382 E-mail: aaron@bandglawoffice.com About Confluence Energy Confluence Energy, LLC, manufactures wood pellet for residential and commercial heating use. Founded in 2008, the company provides multiple types of products using biomass materials for a variety of purposes. It is headquartered in Kremmling, Colorado. Confluence Energy sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 18-17090) on August 14, 2018. In the petition signed by Mark Mathis, managing member, the Debtor disclosed $11,204,345 in assets and $14,949,092 in liabilities. Judge Elizabeth E. Brown presides over the case. DANA ELECTRIC: Hires M. Jones and Associates as Attorney -------------------------------------------------------- Dana Electric, Inc. seeks authority from the United States Bankruptcy Court for the Central District of California (Santa Ana) to hire M. Jones and Associates, PC, as attorneys. Legal services M. Jones and Associates will be required to render are: a. assist and advise the Debtor relative to the administration of this proceeding; b. represent the Debtor before the Bankruptcy Court and advise the Debtor on all pending litigations, hearings, motions, and of the decisions of the Bankruptcy Court; c. review and analyze all applications, orders, and motions filed with the Bankruptcy Court by third parties in this proceeding and advising the Debtor thereon; d. attend all meetings conducted pursuant to section 341(a) of the Bankruptcy Code and representing the Debtor at all examinations; e. communicate with creditors and all other parties in interest; f. assist the Debtor in preparing all necessary applications, motions, orders, supporting positions taken by the Debtor, and prepare witnesses and reviewing documents in this regard; g. confer with all other professionals, including any accountants and consultants retained by the Debtor and by any other party in interest; h. assist the Debtor in its negotiations with creditors or third parties concerning the terms of any proposed plan of reorganization; i. prepare, draft and prosecute the plan of reorganization and disclosure statement; and j. assist the Debtor in performing other services as may be in the interest of the Debtor and the Estate and performing all other legal services required by the Debtor. Hourly rates to be charged are: * Attorney Michael Jones $450 Sara Tidd $400 Laily Boutaleb $350 Michael David $350 * Paralegal $100 * Law Clerk $100 Michael Jones, proprietor of the M. Jones and Associates, PC, attests that his firm represents no interest adverse to the estate regarding the matters upon which it is to be engaged, and is "disinterested" as such term is defined in Section 101(14) of the Bankruptcy Code, as modified by Section 1107(b). The counsel can be reached through: Michael Jones, Esq. M JONES & ASSOCIATES, PC 505 N Tustin Ave Ste 105 Santa Ana, CA 92705 Tel: 714-795-2346 Fax: 888-341-5213 E-mail: mike@mjthelawyer.com mike@MJonesOC.com About Dana Electric Dana Electric, Inc., is a privately held company in San Clemente, California, that offers electrical services. Dana Electric filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 18-12837) on Aug. 3, 2018. In the petition signed by Bryant Edward Rugg, president, the Debtor estimated $50,000 in assets and $1 million to $10 million in liabilities. The case is assigned to Judge Scott C. Clarkson. Michael Jones, Esq., at M. Jones and Associates, PC, is the Debtor's counsel. DANE CLARK: Selling 117 Acres of White County Property for $1.1M ---------------------------------------------------------------- Dane Andrew Clark asks the U.S. Bankruptcy Court for the Northern District of Indiana to authorize the sale of approximately 117 acres of real property in White County, Indiana, described as: 35275; Nw Ne; 40; Se Nw; 37.68; Ne Sw; 40; Out Nw Cor Sw Ne; .008 512,640,699, Indiana State Parcel No. 917535000000.500017, to the Troy Furrer Living Trust and Fe Swine, LLC for $1,090,000. The Debtor is the owner of the Real Property which property was listed on Schedule A filed with the Debtor's petition having a value of $1,340,000. On June 19, 2018, he entered into a contract to sell the Real Property to the Purchasers for a purchase price of $1,090,000, with $10,000 as earnest money deposit. The parties fully executed the Agreement to Purchase Real Estate. The Real Property is subject to outstanding liens and encumbrances having approximate balance(s) as follows: mortgage and judgment liens in favor of First Farmers Bank and Trust in the amount of $1,350,000. The Debtor anticipates that after payment of all liens and encumbrances, property taxes, closing costs and other customary expenses of the sale, there will not be net proceeds remaining. He asks that from the proceeds of sale, all outstanding liens, encumbrances, taxes, and other customary closing expenses will be paid. The proposed sale will not affect the Debtor's ability to successfully complete his Chapter 11 plan or adversely affect the interests of the bankruptcy estate or creditors. The Debtor has not engaged a real estate professional to facilitate the proposed sale, and no commission is due any entity regarding the sale. The agents for creditor First Farmers Bank & Trust are aware of the pending sale, and the Debtor believes that the creditor approves of the same. Finally, he asks that the Order granting the Motion be effective immediately upon entry and not stayed pursuant to FRBP 6004(h). A copy of the Agreement attached to the Motion is available for free at: http://bankrupt.com/misc/Dane_Clark_139_Sales.pdf The Purchasers: TROY FURRER LIVING TRUST 8300W 4534 Welcott, IN 47995 FE SWINE, LLC Telephone: (219) 862-7531 The Creditor: FIRST FARMERS BANK AND TRUST P.O. 690 Converse, IN 46919-0690 Counsel for the Debtor: Thomas B. O'Farrell, Esq. McCLURE O'FARRELL 3500 Depauw Blvd Suite 2043 Indianapolis, IN 46268 Telephone/Facsimile: (317) 867-4131 E-mail: ecf@mcclureofarrell.net Dane Andrew Clark sought Chapter 11 protection (Bankr. N.D. Ind. Case No. 16-40391) on Aug. 22, 2016. The Debtor tapped Thomas B. O'Farrell, Esq., as counsel. DESA OF NY: Taps Wisdom Professional as Accountant -------------------------------------------------- DESA of NY, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire an accountant. The Debtor proposes to employ Wisdom Professional Services, Inc. to prepare its monthly operating reports; review bank statements and other financial documents; and provide consulting services. WPS will charge an hourly fee of $300. The firm received an initial retainer of $500. Michael Shtarkman, a certified public accountant employed with WPS, 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: Michael Shtarkman Wisdom Professional Services, Inc. 2546 East 17th Street, 2nd Floor Brooklyn, NY 11235 About DESA of NY Inc. DESA of NY, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 18-74694) on July 12, 2018. At the time of the filing, the Debtor estimated assets of less than $100,000 and liabilities of less than $500,000. The Debtor is represented by: Alla Kachan, Esq. Law Offices of Alla Kachan, P.C. 3099 Coney Island Avenue, 3rd Floor Brooklyn, NY 11235 Phone: (718) 513-3145 Email: alla@kachanlaw.com DRY EYE COMPANY: Taps Whitlock & Foster as Accountant ----------------------------------------------------- Dry Eye Company proposes to employ Jeannette Foster of Whitlock & Forster, LLC, as its accountant. The Debtor requires the services of an accountant to assist with preparing tax returns and provide bookkeeping and other related services. Ms. Foster related in a declaration to the Court that she was not owed any fees by the Debtor as of the Petition Date, and otherwise does not believe she has any conflects to her representation. About Dry Eye Company The Dry Eye Company, LLC filed a Chapter 11 petition (Bankr. W.D. Wash. Case No. 18-12353), on June 14, 2018. In the petition signed by Rebecca E. Petris, managing member, the Debtor estimated $50,000 to $100,000 in assets and $100,000 to $500,000 in liabilities. Emily A. Jarvis, Esq., of Wells and Jarvis, P.S., is the Debtor's counsel. ECOSHEL INC: Taps Bernstein Shur as Legal Counsel ------------------------------------------------- Ecoshel, Inc. received approval from the U.S. Bankruptcy Court for the District of Maine to hire Bernstein, Shur, Sawyer & Nelson, P.A., as its legal counsel. The firm will advise the Debtor regarding its duties under the Bankruptcy Code; negotiate with creditors; prepare a plan of reorganization; assist in any potential sale of its assets or business; and provide other legal services related to its Chapter 11 case. The firm will charge these hourly rates: D. Sam Anderson $365 Adam Prescott $260 Angela Stewart $225 Karla Quirk $190 D. Sam Anderson, Esq., a shareholder of Bernstein, disclosed in a court filing that the members of the firm are "disinterested" as defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Sam D. Anderson, Esq. Bernstein, Shur, Sawyer & Nelson, P.A. 100 Middle St. P.O. Box 9729 Portland, ME 04104-5029 Tel: (207) 774-1200 Fax: (207) 774-1127 E-mail: sanderson@bernsteinshur.com About Ecoshel Inc. Ecoshel, Inc. -- http://www.ecoshel.com/-- is a cedar shingle manufacturer based in Ashland, Maine. Ecoshel sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Maine Case No. 18-10412) on July 18, 2018. In the petition signed by Bryan Kirley, CEO and president, the Debtor disclosed $505,547 in assets and $3,361,404 in liabilities. Judge Peter G. Cary presides over the case. EEI ACQUISITION: $2.2M Sale of All Assets to V&S Schuler Approved ----------------------------------------------------------------- Judge Harris of the U.S. Bankruptcy Court for the Northern District of Ohio authorized EEI Acquisition Corp. and P&G Capital, LLC to sell substantially all assets to V&S Schuler Engineering, Inc. for $2,150,000. The Sale Hearing was held on Aug. 7, 2018. The sale is free and clear of all liens, claims, interests, and other encumbrances. The automatic stay provisions of Section 362 of the Bankruptcy Code are lifted and modified to the extent necessary to implement the terms and conditions of the Purchase Agreements and the provisions of the Order. Notwithstanding Bankruptcy Rules 6004(h) and 6006(d), the Order will be effective and enforceable immediately upon entry and its provisions will be self-executing. In the absence of any person or entity obtaining a stay pending appeal, the Debtors and the Purchaser are free to close the Sale Transaction under the Purchase Agreements at any time pursuant to the terms thereof. The Debtors will not distribute any sale proceeds from the Sale Transaction without further order of the Court. A copy of the Agreement attached to the Order is available for free at: http://bankrupt.com/misc/EEI_Acquisition_74_Order.pdf About EEI Acquisition Corp. d/b/a Engineered Endeavors EEI Acquisition Corp., d/b/a Engineered Endeavors -- http://www.engend.com/-- designs and manufacturers tapered steel pole structures for utility, transmission, substation, wireless and disguised applications. EEI Acquisition Corp., d/b/a Engineered Endeavors, filed a Chapter 11 petition (Bankr. N.D. Ohio Case No. 18-13963) on July 3, 2018. In the petition was signed by Patrick H. Deloney, president, the Debtor disclosed total assets of $2.71 million and total liabilities of $8.88 million. The case is assigned to Judge Arthur I. Harris. Thomas W. Coffey, Esq. of Coffey Law LLC, is the Debtor's counsel. EPICOR HOLDINGS: S&P Assigns 'B-' ICR, Outlook Stable ----------------------------------------------------- S&P Global Ratings assigned its 'B-' issuer credit rating to Austin, Texas-based Epicor Holdings Corp. In addition, S&P affirmed its 'B-' issuer credit rating on Epicor Software Corp. The outlook is stable. S&P said, "At the same time, we affirmed our 'B-' issue-level ratings and '3' recovery ratings on Epicor Software's $100 million revolver expiring in June 2020 and $1.7 billion outstanding principal amount first-lien term loan due in June 2022. The '3' recovery ratings indicate our expectation for meaningful recovery (50%-70%; rounded estimate: 65%) in the event of payment default. "Lastly, we affirmed our 'CCC' issue-level rating and '6' recovery rating on the company's senior secured second-lien debt due in June 2023. The '6' recovery rating indicates our expectation for negligible recovery (0%-10%; rounded estimate: 0%) for lenders in the event of payment default." The rating reflects the company's aggressive financial policy as indicated by its high S&P Global adjusted leverage of about 8x as of June 30, 2018, and its participation in the competitive ERP industry. Epicor competes against large, more diversified enterprise software vendors such as SAP SE, Oracle Corp., Infor Inc., and Microsoft Corp. While the mission-critical nature of ERP systems and a refresh cycle averaging every 7-10 years support product stickiness and high client retention, S&P believes meaningful new competitive client wins and revenue growth prospects are low. Furthermore, the company has considerable exposure to industry cyclicality, especially in the retail and housing-related end markets, albeit with no customer concentration. The company's largest verticals include manufacturing and retail. Epicor's good market position in the middle-market ERP software industry as the sixth-largest vendor according to IDC Corp., competitive advantages from its vertical-specific focus, and high recurring maintenance and services revenue bases provide partial offsets. S&P said, "S&P Global Ratings' stable outlook on Epicor Holdings reflects our expectation that the company's high recurring revenue base and retention rates will continue to support low–single-digit percent revenue growth and FOCF generation of at least $100 million over the next 12 months. "We could raise our rating to 'B' if the company sustains organic revenue growth in the low- to mid-single-digit percent area and maintains its high recurring revenue base and profitability, leading to positive FOCF generation in excess of $100 million annually and leverage remaining below 7.5x long-term even when accounting for shareholder returns and strategic acquisitions. "We could lower our rating to 'CCC+' if business competition intensifies, leading to significant revenue declines, profitability deterioration, and negligible FOCF to debt. This could make liquidity less than adequate or lead us to believe the capital structure is unsustainable and refinancing risk is high because of excessive leverage." ERIC H. CARLSON: Trustee's Private Sale of Lexington Property OK'd ------------------------------------------------------------------ Judge Joan N. Fenney of the U.S. Bankruptcy Court for the District of Massachusetts authorized the private sale by Joseph G. Butler, the Chapter 11 Trustee of Eric H. Carlson and Joan F. Carlson, of the real property located at 83 East Street, Lexington, Massachusetts. No objections or higher offers having been filed. The Court canceled the hearing scheduled for Aug. 14, 2018. Eric H. Carlson and Joan F. Carlson filed a Chapter 11 petition (Bankr. D. Mass. Case No. 17-14625) on Dec. 12, 2017. They are represented by John O. Desmond, Esq. FLIPPING EGG: Taps DeMarco Mitchell as Legal Counsel ---------------------------------------------------- The Flipping Egg, LLC, seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire DeMarco Mitchell, PLLC as its legal counsel. The firm will assist the Debtor in the preparation of a plan of reorganization and will provide other legal services related to its Chapter 11 case. The firm will charge these hourly rates: Robert DeMarco Attorney $350 Michael Mitchell Attorney $325 Barbara Drake Paralegal $125 As of Aug. 16, 2018, DeMarco Mitchell received from the Debtor a total of $20,000 as retainer. Michael Mitchell, Esq., at DeMarco Mitchell, disclosed in a court filing that the firm and its attorneys neither hold nor represent any interest adverse to the Debtor and its estate. The firm can be reached through: Robert T. DeMarco, Esq. Michael S. Mitchell, Esq. DeMarco Mitchell, PLLC 1255 West 15th St., 805 Plano, TX 75075 Tel: 972-578-1400 Fax: 972-346-6791 Email: mike@demarcomitchell.com About The Flipping Egg The Flipping Egg, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 18-10194) on August 6, 2018. At the time of the filing, the Debtor disclosed that it had estimated assets of less than $500,000 and liabilities of less than $1 million. Judge Robert L. Jones presides over the case. FLORIDA: Court Dismisses T. Cambell's Prisoners Suit ---------------------------------------------------- Judge Sheri Polster Chappell of the U.S. District Court for the Middle District of Florida, Fort Myers Division, dismissed the case, TYRONE CAMBELL, Plaintiff, v. STATE OF FLORIDA, KATHLEEN SMITH, MIKE SCOTT, RICK SCOTT, STEPHEN B. RUSSELL, and LINDA DOGGETT, Defendants, Case No. 2:18-cv-394-FtM-38CM (M.D. Fla.). The matter comes before the Court upon sua sponte review of the docket. On June 6, 2018, the Court issued an Opinion and Order dismissing without prejudice a purported class action complaint initiated by 14 pretrial detainees held in the Lee County Jail for failing to state a claim upon which relief may be granted to each pro se Plaintiff filing a separate amended complaint and motion to proceed in forma pauperis in their own action. The deadline to file an amended pleading and motion to proceed in forma pauperis has expired and no Amended Complaint or motion has been filed. Accordingly, Judge Chappell dismissed Cambell's case. The Clerk will enter judgment accordingly, terminate all deadlines and close the case. A full-text copy of the Court's July 3, 2018 Opinion Order is available at https://is.gd/Ldi3rN from Leagle.com. Tyrone Cambell, Plaintiff, pro se. GEI HOLDINGS: Private Sale of Irvington Property to Gabot Approved ------------------------------------------------------------------ Judge John K. Sherwood of the U.S. Bankruptcy Court for the District of New Jersey authorized GEI Holdings, LLC's private sale of the real property located at 137-139 Carolina Avenue, Irvington, New Jersey, (Block 54.1, Lot 2), to Rafael Gabot. The sale is free and clear of all liens, claims, and encumbrances. At closing, Wilmington Trust will provide a letter advising the third-party purchaser that its lien will attach to the sale proceeds. All proceeds from the sale will be retained in the Counsel for the Debtor's Attorney trust account until further order of the Court or as agreed between the parties. The proceeds of the sale must be used to satisfy Wilmington Trust's lien on the Real Property, unless it is otherwise avoided by Court Order. Until such satisfaction, the property is not free and clear of the lien and the sale will not be valid. The estimated sum is an estimated sum provided for the Motion only that the Lender has not provided or approved. The sum request is subject to 16 days notice to Lender of a firm closing date so that current and accurate payoffs and internal approvals for the properties may be obtained. Smart Realty or any agency affiliated with the Debtor or the Debtor's principals will not receive a commission at closing. This was part of the prior orders. A Final version of the HUD settlement statement must be forwarded to Wilmington Trust at least a day before the sale closes. A separate application for the retention of professionals and for fees and costs incurred by the Debtor in the sale of the Real Property must be filed. All rents having been utilized by the Debtor during the pendency of this bankruptcy, to which Wilmington Trust was legally entitled, must be accounted for by the Debtor and the accounting provided to Wilmington Trust. All rents collected from Sept. 13, 2016 onward will be turned over to Wilmington Trust (minus agreed upon tax, insurance and property maintenance expenses) immediately and on an ongoing basis. The Debtor will provide a copy of the Order to Wilmington Trust and the third-party purchaser within seven days. The requirements of Federal Rule of Bankruptcy Procedure 6004(h) are deemed to be satisfied. About GEI Holdings GEI Holdings, LLC, sought Chapter 11 protection (Bankr. D.N.J. Case No. 16-24991) on Aug. 4, 2016, disclosing under $1 million in assets and liabilities. The Debtor is represented by Robert B. Davis of Davis Law Center, LLC. No official committee of unsecured creditors has been appointed in the case. GREAT SOUTHERN: Taps Henderson Auction Co. as Auctioneer -------------------------------------------------------- Great Southern Galvanizing, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Louisiana to hire an auctioneer. The Debtor proposes to employ Henderson Auction Company, a division of J.A.H. Enterprises, Inc., to market and auction the remaining forklifts that were not included in its previous asset sale. Henderson will get an auctioneer's commission of 10%. In addition, the firm will have the right to charge a 10% buyer's premium from all buyers. The firm is a "disinterested person" as defined in Section 101(14) of the Bankruptcy Code, according to court filings. Henderson can be reached through: Jeffrey Henderson Henderson Auction Company 13340 Florida Blvd. P.O. Box 336 Livingston, LA 70754 Phone: (225) 686-2252 Toll Free: (800) 850-2252 Fax: (225) 686-0647 Email: Jeff@hendersonauctions.com About Great Southern Galvanizing Based in Zachary, Louisiana, Great Southern Galvanizing, LLC -- http://www.gsgalv.com/-- offers galvanizing for structural steel and fasteners. Great Southern Galvanizing filed a Chapter 11 petition (Bankr. M.D. La. Case No. 18-10259) on March 13, 2018. In the petition signed by Linda Phillips, bookkeeper, the Debtor estimated $10 million to $50 million in both assets and liabilities. Paul Douglas Stewart, Jr., Esq., at Stewart Robbins & Brown, LLC, serves as bankruptcy counsel to the Debtor. HAMKOR ENTERPRISES: Adds Class of Punitive Claims to Plan --------------------------------------------------------- Hamkor Enterprises, LLC, amended its Chapter 11 plan and accompanying disclosure statement to add one class of claims -- claims or components of claims asserting punitive or exemplary damages, classified in Class 6 -- which will not receive a distribution under the Plan. A copy of the Amended Disclosure Statement from PacerMonitor.com is available at https://tinyurl.com/y7jlw4bd at no charge. About Hamkor Enterprises Hamkor Enterprises, LLC, is a business service located in Lawrenceville, Georgia. The company opened its doors in 2015. Hamkor Enterprises sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 18-53937) on March 6, 2018. In the petition signed by Frank Lee, member, the Debtor estimated assets and liabilities of less than $500,000. Judge Wendy L. Hagenau presides over the case. The Debtor hired Macey, Wilensky & Hennings, LLP, as its legal counsel. No official committee of unsecured creditors has been appointed in the Chapter 11 case. HANJIN SHIPPING: Foreigh Rep Enforcing Korea Sale Order in the US ----------------------------------------------------------------- Jin Han Kim, the Liquidating Trustee of Hanjin Shipping and the Foreign Representative of Hanjin Shipping Co. Ltd., the duly appointed foreign representative of Hanjin Shipping Co., Ltd. in connection with the pending proceeding filed by Hanjin under the Debtor Rehabilitation and Bankruptcy Act ("DRBA") in the Bankruptcy Division of the Seoul Central District Court in Seoul, Republic of Korea, asks the U.S. Bankruptcy Court for the District of New Jersey to recognize and enforce in the United States the order of the Korean Court authorizing the sale of the Debtor's rights, title, and interest in and to certain of its real property, personal property, security deposits, and intangible property to Stanford Atrium Corp. for $25.5 million. A hearing on the Motion is set for Aug. 28, 2018 at 10:00 a.m. The parties have entered into their Purchase and Sale Agreement, dated June 28, 2018. Hanjin owns 100% of the interests in the purchased assets described in the PSA, including the Real Estate, and all of the Debtor's Personal Property, Security Deposits, and Intangible Property related thereto and as described more specifically in the PSA. Pursuant to the authority provided by the Korean Court in its Liquidation Order, the Foreign Representative has been engaged in liquidating Hanjin's globally located assets, including the Purchased Assets. In connection with a sale of the Purchased Assets, the Foreign Representative obtained approval from the Korean Court to retain Montgomery McCracken Walker & Rhoads LLP to assist with any proposed sale, including filing the necessary pleadings asking approval for the Sale. In response to the invitations to bid, the Foreign Representative received eight bids by the deadline ranging from $9.2 million to $25.5 million. Stanford provided the high bid of $25.5 million and, upon acceptance by the Foreign Representative, provided a $1 million good faith deposit. Thereafter, the Korean Court granted the Foreign Representative the authority to select Stanford's bid and to continue negotiating a definitive agreement with Stanford for the Purchased Assets. After agreeing on a final form of the PSA, the Foreign Representative submitted Stanford's signed PSA to the Korean Bankruptcy Court for approval. On June 28, 2018, the Korean Court entered the Korean Sale Order, authorizing the sale of the Purchased Assets conditioned on the Sale Proceeds being deposited in escrow and then, with the Court's cooperation, transmitted to the Korean Proceeding. The Foreign Representative sought Korean Court approval, and now asks the Bankruptcy Court approval, of the Sale because the Sale represents the best opportunity for the Debtor to maximize the value of the Purchased Assets. Accordingly, it is imperative to the Sale being able to close that the Korean Sale Order be recognized and enforced in the United States in all aspects, as the Foreign Representative asks. The material terms of the Sale are: a. The Purchased Assets include without limitation (i) the certain Real Property located in Paramus, New Jersey, including any and all easements benefiting the Real Property and any rights and appurtenances pertaining to the Land, (ii) the rights in and to the Debtor's Leases and any unapplied Security Deposits, (iii) all Personal Property, and (iv) all Intangible Property. b. The purchase price is $25.5 million, free and clear of liens, claims, encumbrances, and other interests. This includes the $2 million currently being held in an escrow account, as conditioned by the PSA. c. The Sale must close not later than Sept. 30, 2018 d. The Purchaser has already provided a deposit of $2 million which has been escrowed pending the issuance of Approval Orders from the Korean Court and the Court. If the Purchaser defaults under the PSA and fails to cure the default within seven business days of receipt of written notice from the Debtor of the default, then the Deposit is forfeit. e. There is no commercial real estate broker that has represented the Debtor, the Purchaser or the Foreign Representative with regard to the management, sale, purchase, lease, option or other conveyance of any interest in the Purchased Assets under the PSA, and no notice of lien for any such alleged services has been received by the Debtor, Purchaser or Foreign Representative or filed in the Case. f. Hanjin is seeking relief from the 14-day stay imposed by Bankruptcy Rules 6004(h) and 6006(d). The Debtor is asking that the Court directs the Closing Agent to refrain from making any tax payment related to the Withheld Funds to the Internal Revenue Service for a period of three months in order to provide the Debtor with a sufficient period of time to provide the necessary supporting documentation. Allowing for sufficient time to provide the requested documentation to the Closing Agent will benefit the Debtor because the release of the Withheld Funds will permit the Debtor to distribute more of the Sale's proceeds to the Debtor's creditors. The Court's recognition and enforcement of the Korean Sale Order, and approval of the Sale under section 363 of the Bankruptcy Code, will permit the Foreign Representative to sell the Purchased Assets without disruption and in a timely and efficient manner. Absent the relief requested, the Debtor and its creditors will potentially suffer significant, if not irreparable, harm due to an inability to close the Sale. Accordingly, the Foreign Representative asks the Court to approve the relief sought. The Foreign Representative asks that the Proposed Order, once entered, be effective immediately by providing that, to the extent applicable, the 14-day stay under Bankruptcy Rules 6004(h) and 6006(d) is waived. Time is of the essence with respect to the Proposed Order. The Purchaser has made clear to the Foreign Representative that closing the Sale on an expedited basis is a key consideration in entering into the PSA and has requested a closing date of no later than March 30, 2018. A copy of the APA attached to the Motion is available for free at: http://bankrupt.com/misc/Hanjin_Shipping_765_Sales.pdf The Purchaser: STANFORD ATRIUM CORP. 360 S. Van Brunt Street Englewood, NJ 07631 E-mail: rlee@seoultradingusa.com The Purchaser is represented by: Jim Hong Park, Esq. LAW OFFICES OF JIM HONG PARK, P.C. 75 Grand Ave. Ridgefield, NJ 07657 E-mail: jpark@parklegalfirm.com Facsimile: (201) 242-7472 About Hanjin Shipping Hanjin Shipping Co., Ltd., is mainly engaged in the transportation business through containerships, transportation business through bulk carriers and terminal operation business. It is a stock-listed corporation with a total of 245,269,947 issued shares (common shares, KRW 5000 per share) and paid-in capital totaling KRW 1,226,349,735,000. Of these shares 33.23% is owned by Korean Air Lines Co., Ltd., 3.08% by Debtor and 0.34% by employee shareholders' association. The Company operates approximately 60 regular lines worldwide, with 140 container or bulk vessels transporting over 100 million tons of cargo per year. It also operates 13 terminals specialized for containers, two distribution centers and six Off Dock Container Yards in major ports and inland areas around the world. The Company is a member of "CKYHE," a global shipping conference and also a partner of "The Alliance," another global shipping conference to be launched in April 2017. Hanjin Shipping listed total current liabilities of KRW 6,028,543 million and total current assets of KRW 6,624,326 million as of June 30, 2016. As a result of the severe lack of liquidity, Hanjin applied to the Seoul Central District Court 6th Bench of Bankruptcy Division for the commencement of rehabilitation under the Debtor Rehabilitation and Bankruptcy Act on Aug. 31, 2016. On the same day, it requested and was granted a general injunction and the preservation of disposition of the Company's assets. The Korean Court's decision to commence the rehabilitation was made on Sept. 1, 2016. Tai-Soo Suk was appointed as the Debtor's custodian. On Sept. 2, 2016, Hanjin Shipping Co. filed in the U.S. a voluntary petition under Chapter 15 of the Bankruptcy Code. The Chapter 15 case is pending in New Jersey (Bankr. D.N.J. Case No. 16-27041) before Judge John K. Sherwood. Cole Schotz P.C. serves as counsel to Tai-Soo Suk, the Chapter 15 petitioner and the duly appointed foreign representative of Hanjin Shipping. HG & ZG: Taps Andril & Espinosa as Legal Counsel ------------------------------------------------ HG & ZG Corporation seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Andril & Espinosa, LLC as its legal counsel. The firm will advise the Debtor regarding its duties under the Bankruptcy Code; represent the Debtor in negotiations with its creditors; and provide other legal services related to its Chapter 11 case. The firm will be paid an hourly fee of $350 and an initial retainer of $5,000. Antonio Espinosa, Esq., at Andril & Espinosa, 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: Antonio R. Espinosa, Esq. Andril & Espinosa, LLC 534 Westfield Avenue Elizabeth, NJ 07208 Phone: (908) 558-0100 E-mail: andespbk@gmail.com About HG & ZG Corporation HG & ZG Corporation sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 18-26374) on August 15, 2018. At the time of the filing, the Debtor estimated assets of less than $500,000 and liabilities of less than $1 million. Judge Michael B. Kaplan presides over the case. HILL'S VAN SERVICE: Flying Buying Jacksonville Property for $1.1M ----------------------------------------------------------------- Hill's Van Service of North Florida, Inc., asks the U.S. Bankruptcy Court for the Middle District of Florida to authorize the sale of the real property located at 561 Stevens Street, Jacksonville, Florida, to Flying Colors Group, L.P., and/or related entity, for $1,085,000. On Schedule A, the Debtor listed ownership fee simple in the Property. CBC National Bank originally had the claim until on Aug. 3, 2018. The Transfer of Claim Other Than For Security was filed, transferring the claim from CBC National Bank to First Federal Bank. First Federal Bank now has first priority lien on the Property. On Sept. 14, 2017 the CBC National Bank filed Proof of Claim 5 in the secured amount of $858,756. On Oct. 31, 2017, the Debtor filed their Motion for Approval of Stipulation and Agreement with CBC National Bank. The agreement required adequate protection payments and for the DIP to have insurance on the properties. On Nov. 21, 2017, the Court entered the Order Granting Debtor-In-Possession's Motion for Approval of Stipulation and Agreement with CBC National Bank. On Dec. 11, 2017, CBC National Bank filed the Affidavit of Default for Failure to Maintain Insurance Under the Adequate Protection Stipulation Between Debtor-In-Possession and CBC National Bank. On Feb. 22, 2018, the Court entered the Agreed Order Granting Motion for Relief from Stay. After a technical default CBC National Bank proceeded with foreclosure proceedings on the property in state court after the stay was lifted in CBC National Bank v. Hill's Van Service of North, Florida, Inc., et. al., Case No. 16-2018-CA-002132, Division CV-A, in the Fourth Judicial Circuit, Duval County, Florida. A Motion to Substitute Party Plaintiff and Change Case Style to substitute First Federal Bank in place of CBC National Bank as Plaintiff in the lawsuit was filed on July 12, 2018. The Debtor has entered into a Purchase Agreement with the Buyer for the sale of the Property for a net sales price of $1,085,000, free and clear of liens, claims, and encumbrances. The good faith deposit is $25,000. A copy of the executed APA attached to the Motion is available for free at: http://bankrupt.com/misc/Hills_Van_76_Sales.pdf The disbursement of the proceeds of the sale will be consistent with terms of the APA. The Debtor believes that the APA is in the best interest of the estate because it is cooperating with First Federal Bank, which is still willing to work with the Debtor on their other debts with First Federal Bank. The Creditor: CBC NATIONAL BANK 1891 S. 14th Street Fernandina Beach, FL 32034-3033 FIRST FEDERAL BANK c/o Holly Edenfield, Vice President 891 S. 14th Street Fernandina Beach, FL 32034-3033 About Hill's Van Service of North Florida Inc. Hill's Van Service of North Florida is a full service relocation company with over 55 years of experience specializing in the transportation and storage of household goods, electronics, high-value products, office and industrial equipment, and asset management. Hill's serves individual customers, as well as corporations and various government agencies, in local, long distance and international moving. It also offers Commercial Moving, Hospitality FF&E installation, warehousing/storage, and complete transportation solutions. Hill's Van Service of North Florida, based in Jacksonville, Florida, filed a Chapter 11 petition (Bankr. M.D. Fla. Case No. 17-03093) on Aug. 23, 2017. In the petition signed by James Bargeron, the Debtor's president, the Debtor estimated $0 to $50,000 in assets and $1 million to $10 million in liabilities. The Hon. Jerry A. Funk presides over the case. Jason A. Burgess, Esq., at the Law Offices of Jason A. Burgess, LLC, serves as bankruptcy counsel. HILL'S VAN SERVICE: Taps Ewing Real Estate as Broker ---------------------------------------------------- Hill's Van Service of North Florida, Inc., seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire a broker. The Debtor proposes to employ Ewing Real Estate LLC to facilitate the closing as broker for the sale of its property located at 561 Stevens Street, Jacksonville, Florida. Ewing will receive a 3% commission. The firm will get 50% of those collected monies while Charles White III, senior director of the firm who will be providing the services, will receive 50%. Mr. White disclosed in a court filing that his firm does not represent any interest adverse to the Debtor and its estate. The firm can be reached through: Charles D. White III Ewing Real Estate LLC 7807 Baymeadows Road, East, Suite 200 Jacksonville, FL 32256 Phone: 904.354.5573 E-mail: ewingrealestate@allenewing.com About Hill's Van Service of North Florida Inc. Hill's Van Service of North Florida is a full service relocation company with over 55 years of experience specializing in the transportation and storage of household goods, electronics, high-value products, office and industrial equipment, and asset management. Hill's serves individual customers, as well as corporations and various government agencies, in local, long distance and international moving. It also offers Commercial Moving, Hospitality FF&E installation, warehousing/storage, and complete transportation solutions. Hill's Van Service of North Florida, based in Jacksonville, Florida, filed a Chapter 11 petition (Bankr. M.D. Fla. Case No. 17-03093) on Aug. 23, 2017. In the petition signed by James Bargeron, the Debtor's president, the Debtor estimated $0 to $50,000 in assets and $1 million to $10 million in liabilities. The Hon. Jerry A. Funk presides over the case. Jason A. Burgess, Esq., at the Law Offices of Jason A. Burgess, LLC, serves as bankruptcy counsel. HILLSIDE OFFICE: Taps Jones Lang LaSalle as Broker -------------------------------------------------- Hillside Office Park, LLC, seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire a broker. The Debtor proposes to employ Jones Lang LaSalle Brokerage, Inc., in connection with the sale or lease of its property located at 1350 Liberty Avenue, Hillside, New Jersey. Marta Villa, senior vice-president of Jones Lang LaSalle, disclosed in a court filing that her firm is "disinterested" as defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Marta Villa Jones Lang LaSalle Brokerage, Inc. One Meadowlands Plaza, Suite 804 East Rutherford, NJ 07073 Phone: +1 201 528 4411 Email: marta.villa@am.jll.com About Hillside Office Park Headquartered in Hillside, New Jersey, Hillside Office Park, LLC, filed for Chapter 11 bankruptcy protection (Bankr. D.N.J. Case No. 16-19617) on May 17, 2016. In the petition signed by Glen A. Fishman, member of Maplewood Acquisition, LLC, member, the Debtor estimated its assets and liabilities at between $1 million and $10 million. Judge Stacey L. Meisel presides over the case. Donald F. Campbell, Jr., Esq., at Giordano Halleran & Ciesla, P.C., serves as the Debtor's bankruptcy counsel. HOMECARE ADVANTAGE: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------------- Debtor: Homecare Advantage, LLC 185 McCallister Dr. Terre Haute, IN 47802 Business Description: Homecare Advantage, LLC is a medical equipment supplier in Indiana. HomeCare Advantage, an independent, family-owned home medical equipment business, was founded in 2003 by principal owners Barry and Tammy Martin. Chapter 11 Petition Date: August 22, 2018 Court: United Sates Bankruptcy Court Southern District of Indiana (Terre Haute) Case No.: 18-80520 Debtor's Counsel: Robert D. McMahan, Esq. MCMAHAN LAW FIRM PO Box 3105 Terre Haute, IN 47803 Tel: 812-235-2800 Fax: 812-238-9486 E-mail: tiffany@mcmahanlaw.net robert@mcmahanlaw.net Total Assets: $762,536 Total Liabilities: $1,149,579 The petition was signed by Barry Martin, manager. A full-text copy of the petition containing, among other items, a list of the Debtor's 20 largest unsecured creditors is available for free at: http://bankrupt.com/misc/insb18-80520.pdf HUSA INC: $225K Sale of Assets to British Pub Approved ------------------------------------------------------ Judge Marvin Isgur of the U.S. Bankruptcy Court for the Southern District of Texas authorized Baker St. Marina Square, LLC's sale of its assets to British Pub Co., LLC, for $225,000. The sale is on "as is, where is," with no representations or warranties by the Debtor of any kind other than those representations contained in the Asset Purchase Agreement; and free and clear of all liens, claims, encumbrances and other interests. The Debtor, as the Seller, is authorized to pay the following closing costs from the proceeds of sale, including but not limited to the following: 1. Guideboat Advisors, LLC’' broker commission of 5%, less credit against its advisory fee; 2. Secured tax claim of the Colorado Department of Revenue in the amount of $15,152.00 and the City and County of Denver in the amount of $22,921; 3. Perishable Agricultural Commodities Act claim of U.S. Foods, Inc. in the amount of $4,040; 4. Administrative expense claim of U.S. Foods, Inc. in the amount of $11,823; 5. Lease cure amount of $49,742 to MB Marina Square, LLC; 6. Attorney's fees reserve of Wauson|Probus in the amount of $25,000 to be held in the firm's IOLTA client trust account and to remain subject to, and impressed by, the MKCJ allowed secured claim, pending further order of the Court; and 7. All remaining sales proceeds to be paid on the secured claim of MKCJ and credited against the amount due. The stay and any time periods imposed by Fed. R. Bankr. P. 6004(h) is in all things waived. About HUSA, Inc. Based in Houston, Texas, HUSA Management is a privately held corporation owned by Larry Martin and Edgar Carlson. The company portfolio includes brands like Baker St. Pub & Grill, Sherlock's Pub & Grill, Sherlock's Pub, Local Pour, Restless Palate, Big Texas Ice House & Dance Hall and British Beverage Company. With the purchase of Sherlock's Baker St. Pub 1995, HUSA Management Inc. continues to grow. The company is founded in 1995. HUSA Management filed a Chapter 11 petition (Bankr. S.D. Tex. Case No. 17-36535) on Dec. 4, 2017. In the petition signed by Larry Martin, president, the Debtor estimated $500,000 to $1 million in assets and $1 million to $10 million in liabilities. Judge Marvin Isgur presides over the case. Matthew Brian Probus, Esq., at Wauson Probus, is the Debtor's counsel. Guideboat Advisors, LLC, is the financial investment advisor and asset sale broker. INDUSTRIAL STEEL: Aug. 28 Auction Sale of St. Marys Property Set ---------------------------------------------------------------- Judge Thomas P. Agresti of the U.S. Bankruptcy Court for the Western District of Pennsylvania authorized Industrial Steel & Pipe Supply Co.'s public auction sale of the (i) real property located at180 Environmental Drive, St. Marys, Pennsylvania; and (ii) personal property, consisting of shop equipment, inventory, office furniture, office equipment and vehicles, including but not limited to tools, grinders, scales, threaders, saws, welders, forklifts, skid steer, 2007 Chevy pickup truck and 1999 Ford flat-bed truck. The Auction of the subject property will be conducted on Aug. 28, 2018 at the current location of the subject property. Pending entry of the Sale Confirmation Order following the auction, the liens are transferred to the proceeds of sale, if and to the extent they may be determined to be valid liens against the sold property. The within decreed sale is free, clear and divested of all liens identified. After due notice to the lien creditors and all Preliminary Objections to the auction sale, if any, having been withdrawn or resolved, the costs of sale of the within bankruptcy proceedings (including attorneys' fees, auctioneer fees and costs, normal closing costs, and the costs of maintaining and preserving the property) will be paid in advance of any distribution to said lien creditors or any creditors claiming an interest in the property. Within five days following consummation of the sale, the Movant will file a Motion Requesting Sale Confirmation which Motion will include a Report of Sale. At the conclusion of the Public Auction Sale, title will vest in the putative purchaser unless an Objection is registered with the Seller or its Agent at the conclusion of bidding on the specific item of property sold. In such event, it is the duty and responsibility of the Seller and its Agent to provide the objecting party with written notice ofthe objecting party's right to file a formal objection with the Court within seven days of the conclusion of bidding on the specific item of property subject to the objection. In such event, title to the specific item of property will not vest in the putative purchaser until further order of Court. Formal closing on the property will occur within 14 days after filing of the Sale Confirmation Order confirming the Auction. At a proposed distribution of any funds authorized, all funds will be held by the counsel for Movant pending further Order of the Court, after notice and hearing. About Industrial Steel Industrial Steel & Pipe Supply Company is a wholesaler of industrial equipment and supplies in Saint Marys, Pennsylvania. Industrial Steel & Pipe Supply Co. filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 18-10578) on June 8, 2018. In the petition signed by Howard S. Lepovetsky, president, the Debtor estimated $1 million to $10 million in both assets and liabilities. The case is assigned to Judge Thomas P. Agresti. Knox McLaughlin Gornall & Sennett, P.C., led by Guy C. Fustine, is the Debtor's counsel. No official committee of unsecured creditors has been appointed in the Chapter 11 case. INTEGRATED DYNAMIC: Voluntary Chapter 11 Case Summary ----------------------------------------------------- Debtor: Integrated Dynamic Solutions, Inc. 31194 La Baya Drive, Suite #203 Westlake Village, CA 91362 Business Description: Founded in 1995, Integrated Dynamic Solutions, Inc. -- http://www.idspage.com-- is a Microsoft Certified Partner specializing in custom software development, database design, and systems integration. The Company offers a the full range of services from office automation, database design, e-commerce, custom software development and prototyping to wireless solutions, web based programming, Facilities Management Information Systems, and simulation modeling. Chapter 11 Petition Date: August 22, 2018 Court: United States Bankruptcy Court Central District of California (Santa Barbara) Case No.: 18-11379 Judge: Hon. Deborah J. Saltzman Debtor's Counsel: David A. Tilem, Esq. LAW OFFICES OF DAVID A. TILEM 206 N. Jackson St Ste 201 Glendale, CA 91206 Tel: 818-507-6000 Fax: 818-507-6800 E-mail: davidtilem@tilemlaw.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Nasrolla Gashtili, chief executive officer. 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/cacb18-11379.pdf J & M SALES: Store Closing Sales Procedures Has Interim Approval ---------------------------------------------------------------- Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for the District of Delware has entered an interim order authorizing the conduct of store closing sales of J & M Sales, Inc. and affiliates. A final hearing on the Motion is set for Aug. 28, 2018 at 10:00 a.m. The objection deadline is Aug. 22, 2018 at 4:00 p.m. (ET). No later than five days prior to the Final Hearing, Hilco Merchant Resources, LLC will file a declaration of disinterestedness. The Debtors are authorized to discontinue operations at the Stores in accordance with the Interim Order and the Sale Guidelines. The Agent will (i) honor gift cards and merchandise credits that were issued by or on behalf the Debtors and (ii) accept a return or exchange of Merchandise sold by the Debtors prior to the Petition Date and in accordance with any other order entered by the Court, provided that such return or exchange is otherwise in compliance with the Debtors' applicable policies and procedures that were in place at the time the Merchandise was purchased. All sales of all Store Closing Assets will be "as is" and final. Conspicuous signs stating that "all sales are final" and "as is" will be posted at the cash register areas at all Stores. The Debtors remain responsible for the payment of any and all sales taxes. They'll remit all taxes accruing from the Store Closing Sales to the applicable Governmental Units as and when due, provided that in the case of a bona fide dispute, the Debtors will only pay such taxes upon the resolution of the dispute, if and to the extent that the dispute is decided in favor of the applicable Governmental Unit. In accordance with Section K of the Agreement, the Agent is authorized to supplement the Merchandise in the Stores with Additional Agent Goods. Sales of Additional Agent Goods will be run through the Debtors' cash register systems. The Agent and the respective Landlord of each Store are authorized to enter into a side letter agreement to govern the conduct of the Store Closing Sales at the applicable Store and such Side Letter Agreements will control over the Sale Guidelines and the Interim Order. All amounts due to the Agent under the Agreement will be calculated and paid from proceeds of the Store Closing Sales and will not be reduced or capped by the terms or conditions of any pre- or post-petition financing facilities. The Debtors are authorized to issue postpetition checks, or to effectuate postpetition fund transfer requests, in replacement of any checks or fund transfer requests in respect of payments made in accordance with the Interim Order that are dishonored or rejected. Each of the Debtors' banks and financial intuitions is authorized to honor checks presented for payment and all fund transfer requests made by the Debtors, to the extent that sufficient funds are on deposit in the applicable accounts, in accordance with the Interim Order and any other order of the Court. Notwithstanding Bankruptcy Rule 6004(h), the terms and conditions of the Interim Order will be immediately effective and enforceable upon its entry. A copy of the Agency Agreement attached to the Order is available for free at: http://bankrupt.com/misc/J&M_Sales_89_Order.pdf About National Stores National Stores is a 344-store chain in 22 U.S. states and Puerto Rico. National Stores currently does business as Fallas, Fallas Paredes, Fallas Discount Stores, Factory 2-U, Anna's Linen's by Fallas, and Falas (spelled with single "l" in Puerto Rico). Fallas, which emplolys 9,800 people, is a discount retailer offering value-priced merchandise, including apparel, bedding and household supplies. The brands of National Stores are located in retail plazas, specialty centers, and downtown areas to serve the communities its customers and staff members call home. National Stores, Inc., and its affiliates sought Chapter 11 protection and Aug. 6, 2018, and announced that Hilco Merchant Resources, LLC, is conducting going-out-of-business sales for 74 stores. The lead case is In re J & M Sales Inc. (Bankr. D. Del. Lead Case No. 18-11801). J & M Sales estimated assets and debt of $100 million to $500 million as of the bankruptcy filing. The Hon. Laurie Selber Silverstein is the case judge. The Debtors tapped KATTEN MUCHIN ROSENMAN LLP as general bankruptcy counsel, PACHULSKI STANG ZIEL & JONES LLP as bankruptcy co-counsel, RETAIL CONSULTING SERVICES, INC., as real estate advisor, IMPERIAL CAPITAL, LLC, as investment banker, and PRIME CLERK LLC as the claims and noticing agent. SIERRACONSTELLATION PARTNERS, LLC, is providing personnel to serve as chief restructuring officer and support staff. JOSEPH HEATH: Fernandeses Buying Ft. Lauderdale Property for $323K ------------------------------------------------------------------ Joseph F. Heath asks the U.S. Bankruptcy Court for the Eastern District of Virginia to authorize the sale of the real property located at 1033 N.E. 17th Way, #2002, Ft. Lauderdale, Florida to Jonas and Jessica Fernandes for $322,500. The Debtor proposes selling the property to the Buyers, pursuant to a contract dated Aug. 1, 2018, with Addendums. The sale will be free and clear of liens. The good faith deposit is $5,000. There is a real estate commission incurred in the transaction of 5.5% of the sales price or $17,738, to be apportioned between the listing agent Skye Louis Realty Inc. and JQ Reality, as shown on the Preliminary ALTA Statement. The property is encumbered by two liens: a Deed of Trust with Select Portfolio Servicing, with a balance of approximately $255,000, and a tax lien against the Debtor's interest held by the Internal Revenue Service in the amount of $970,369. The total of all liens on the property exceed its value and the net proceeds which are expected to come from the proposed sale. The property has several possible defects related to a garage door, a washer and dryer, and other sundry items. A buyer's home inspection has not yet been completed, but it is possible that as much as $5,000 might have to be deducted from the sales price to credit the buyers with the cost of repairs. The value received from the sale is appropriate. The property is smaller than any of the comparable units, but the price in the contract is well within the range of those sales. The Preliminary ALTA Combined Settlement Statement estimates that after payment of the Select Portfolio Servicing lien and the expenses of sale, the estimated net proceeds would be in the amount of $41,872, less a reserve for the United States Trustee's Quarterly fees for the 2nd Quarter of 2018 taken from the Debtor's share. The Debtor owns the property jointly with Jon M. Holland, and one half of the $41,872 net proceeds noted on the Preliminary ALTA would be payable to the IRS. Upon information and belief, the trust holders whose claims are impaired by the proposed sale either have or will consent to the sale. The Debtor proposes to pay the first trust in its entirety from the sale and then turn over the balance at settlement to the IRS less an appropriate reserve for the payment of the United States Trustee's Quarterly Fees which will be incurred by the transaction. He asks the Court to allow the costs of sale including the real estate commission to be paid at settlement, including a deduction if needed from the sales price of up to $5,000 for the cost of repairing defects uncovered by the home inspection, and that the claims of the lien holders will attach to the net proceeds of the sale in the order of their priority; and to allow an appropriate reserve for the payment of the quarterly fees to the Office of the United States Trustee incurred by the sale be deducted from the Debtor's net proceeds payable to the IRS, and for such other relief as may be needed. The proposed sale is in the best interest of the estate since it represents the greatest value to the estate and to the creditors which may be derived from the property, and also because the sale of this property will reduce the indebtedness owed to the IRS, the blanket lien holder, and help to create equity in the other property securing their claims. The Motion is consistent with the Second Amended Plan of the Debtor. A copy of the Contract attached to the Motion is available for free at: http://bankrupt.com/misc/Joseph_Heath_359_Sales.pdf About Joseph F. Heath Joseph F. Heath sought Chapter 11 protection (Bankr. E.D. Va. Case No. 07-14107) on Dec. 27, 2007. The Debtor estimated assets in the range of $0 to $50,000 and $100,001 to $500,000 in debt. The Debtor tapped Bennett A. Brown, Esq., at The Law Office of Bennett A. Brown, as counsel. On Dec. 22, 2017, the Court confirmed the Debtor's Second Amended Plan. KEITH BLACK: Jios Buying Interest in Assets for $21K ---------------------------------------------------- Keith Black Racing Engines, Inc., asks the U.S. Bankruptcy Court for the Central District of California to authorize the sale of its interest in specific items of its machinery and equipment to Jios Sales, Inc., for $20,500, subject to overbid. The sale of the Assets is "as is, where is," and "with all faults," with no guarantees or warranties regarding the Assets except that the sale will be free and clear of all claims, liens, and interests against the Assets. On July 9, 2018, an offer was tendered by the Buyer to the Debtor offering $20,500 for the purchase of the Assets. The material points in the Offer are: a. The Buyer will pay Debtor $20,500 for the Assets; b. The Buyer is responsible for the costs related to pick up and transfer of the Assets; c. The Buyer will tender the payment to the Debtor no 15 later than 10 days after the Court approves the sale; and, d. If the Assets are sold to an overbidder, the Buyer will be entitled to any costs it has incurred as a result of moving the Assets from the Debtor's facility in the amount of $1,500. The sale of the Assets is wholly contingent upon entry of a final, non-appealable order by the Court approving the sale of the Assets, authorizing the transactions contemplated by the Offer, directing payment of the purchase price, and providing that the Assets will be conveyed by the Debtor to the Buyer or the successful bidder. These Liens encumber and these claims are made against the Assets: 1. Kenneth Black: A U.C.C.-1 financing statement recorded on June 7, 2018 by Kenneth Black. Pursuant to the U.C.C.-1 filing, Mr. Black has a lien on all of the Debtor's personal property including the Assets. As indicated in the Debtor's schedule D, the amount due to Mr. Black is $75,000. 2. Keith Black, Inc. and for Fast Machine. Inc.: Keith Black, Inc. ("KBI") and/or Fast Machines, Inc. ("FMI"), may claim ownership interests in and to the Assets. The Debtor disputes any ownership claims to the Assets made by KBI and/or FMI. The Debtor anticipates no major tax consequences of the proposed sale of the Assets. The Debtor proposes that all of the Assets be offered in bulk as opposed to in a piecemeal manner. Most of the Assets are only valuable as scrap material. Therefore, a sale of the Assets in bulk will likely yield a higher profit for the Debtor. The Debtor further proposes that after all potential over bidders have been identified and proven their ability, to the Court's satisfaction, to perform any offer they may choose to make with an opening offer of at least $3,000 higher than the Offer. Because the Offer, the Debtor received is $20,500, the opening overbid should be $23,500 and incremental bids should thereafter be in the amount of no less than $500. In order to qualify as a proposed bidder, the bidder must (i) be present at the hearing on the Motion either personally or through a person authorized to act on its behalf; and (2) bring a cashier's check in the amount of the first bid made out to Keith Black Racing Engines, Inc.. If the bidder is the successful bidder, the bidder will deliver the cashier's check to the Debtor as a nonrefundable deposit. If the successful bidder does not pay the remainder of the bid price within 48 hours after the conclusion of the hearing on the Motion, the deposit will be forfeit. Finally, following the entry of an order approving the Motion, if the Court approves the Sale to a person who made a higher or better offer than the Buyer, then the Debtor will pay the Buyer $1,500 within l0 days of receiving the sale proceeds from the successful bidder. The proceeds of the sale will be distributed as follows: a. Costs of Sale: There are no costs of sale, commissions, or other fees associated with the sale contemplated by the Motion. b. Remaining Proceeds to the Debtor: Because FMI and/or KBI may claim interests in the Assets, the proceeds from the sale of the Assets will be deposited into a separately- established, segregated, and interest-bearing bank account until the disputes regarding their claims of interests in the Assets are resolved by Court order. If the claims of interests to the Assets made by FMI and/or KBI are resolved in the Debtor's favor, the proceeds will be distributed to the Debtor because Mr. Black has consented to such distribution. If, however, the claims of interests to the Assets made by FMI and/or KBI are not resolved in the Debtor's favor, the proceeds will be distributed as directed by order of the Court. Because the Assets are not necessary for the Debtor's continued operations and the sale of the Assets will generate funds from which Debtor can continue to grow its business for the benefit its creditors, the sale of the Assets is in the best interests of the estate and the Debtor's creditors. A copy of the list of Assets to be sold to the Motion is available for free at: http://bankrupt.com/misc/Keith_Black_23_Sales.pdf A hearing on the Motion is set for Sept. 5, 2018 at 10:00 a.m. About Black Racing Engines Keith Black Racing Engines, Inc., based in South Gate, California, is a manufacturer of engines supplies equipment and parts. Black Racing Engines filed a Chapter 11 petition (Bankr. C.D. Cal. Case No. 18-17000) on June 18, 2018. In the petition signed by Kenneth Black, president, the Debtor estimated $500,000 to $1 million in assets and $1 million to $10 million in liabilities. The case is assigned to the Hon. Ernest M. Robles. Vanessa M. Haberbush, Esq., at HABERBUSH & ASSOCIATES, LLP, is the Debtor's counsel. KOST VENTURES: Hires Pulman, Cappuccio & Pullen as Counsel ---------------------------------------------------------- Kost Ventures I, Ltd., seeks authority from the United States Bankruptcy Court for the Western District of Texas (San Antonio) to employ Pulman, Cappuccio & Pullen, LLP, as counsel. Professional services to be provided by Pulman are: a. take all necessary actions to protect and preserve Debtor's estate, including the prosecution of actions on Debtor's behalf, the defense of any action commenced against Debtor, the negotiation of disputes in which Debtor is involved, and preparation of objections to claims filed against the Debtor's estate; b. prepare on behalf of Debtor any necessary applications, answers, complaints, motions, objections, responses, orders, reports, and any other pleadings and court filings in connection with the administration and prosecution of Debtor's Case; c. advise and consult with Debtor concerning legal questions regarding all aspects of the Case, including issues regarding administering the estate's assets, sale or lease of such assets, claims and objections to claims, and any appropriate litigation including avoidance actions or affirmative claims of the estate against third parties (in both bankruptcy court and other necessary judicial forums); and d. perform all other necessary legal services in connection with the Case. Pulman's current hourly rates are: Randall A. Pulman, Partner $475 Thomas Rice, Partner $375 Ryan Reed, Partner $300 Associates $200 Paralegals $160 Law Clerks $150 Thomas Rice, Esq., a partner at Pulman, Cappuccio & Pullen, attests that his firm does not hold or represent an interest adverse to the estate and his firm and its attorneys are disinterested persons under 11 U.S.C. Sec. 101(14). The counsel can be reached through: Thomas Rice, Esq. PULMAN, CAPPUCCIO & PULLEN, LLP 2161 N.W. Military Highway, Suite 400 San Antonio, TX 78213 Tel: (210) 222-9494 Fax: (210) 892-1610 E-mail: trice@pulmanlaw.com About Kost Ventures I Kost Ventures I, Ltd., is a privately held company based in San Antonio, Texas, engaged in activities related to real estate. The company has mineral interests in various counties in Texas. Kost Ventures I, Ltd. filed a voluntary petition under Chapter 11 of title 11 of the United States Code (Bankr. W.D. Tex. Case No. 18-51711) on July 19, 2018. The petition was signed by Lou Kost, Jr., president of Kost Ventures, Inc., general partner. At the time of filing, the Debtor disclosed $400,308 in total assets and $2,010,284 in total liabilities. The case is assigned to Judge Ronald B. King. Pulman, Cappuccio & Pullen, LLP, led by Thomas Rice, is the Debtor's counsel. KOST VENTURES: Taps Audrey Mullert Vicknair as Special Counsel -------------------------------------------------------------- Kost Ventures I, Ltd., seeks authority from the United States Bankruptcy Court for the Western District of Texas (San Antonio) to employ the Law Office of Audrey Mullert Vicknair as special counsel. Ms. Audrey Mullert Vicknair will assist the Debtor with respect to any appeal of the Arbitration Award. Pre-petition, Debtor acquired a mineral interest in Gonzales County, Texas from Linnie Young. Debtor's purchase turned out to be a profitable one, and earned Debtor a significant amount of money. Ms. Young discovered this, immediately developed buyer's remorse, and as a remedy, chose to engage in litigation with Debtor. In October of 2016, Linnie Young commenced the lawsuit captioned and styled Linnie Young v. Phoenix Fund, Inc., Cynthia Watlington Clark, William R. Brunner, Kost Ventures 1, Ltd., and Addington Family Partnership, Ltd., Cause No. 26,479, in the 25th Judicial District Court of Gonzales County, Texas. On May 5, 2017, the state court compelled the State Court Lawsuit to arbitration and abated the State Court Lawsuit until completion of arbitration. On May 31, 2018, the arbitrator issued his award, finding Debtor, along with several of the other named respondents, liable to Plaintiff for actual damages, trial costs, arbitration costs and fees, and attorneys' fees, and liable to co-respondent, Coronado Resources 2013, LP for arbitration costs and fees. Professional services to be provided by the law firm are: a. advise and consult with Debtor and Debtor's counsel concerning legal questions regarding, related to, arising from, or in connection with the Arbitration Award issued in the Arbitration; and b. advise, consult, and represent Debtor in or concerning any appeal related to the confirmation of the Arbitration Award and any judgment that might arise therefrom. The Counsel's hourly rate for this engagement is $375.00. Audrey Mullert Vicknair, Esq. attests that her firm does not hold or represent an interest adverse to the estate and is a disinterested person under 11 U.S.C. Sec. 101(14). The counsel can be reached through: Audrey Mullert Vicknair, Esq. THE LAW OFFICE OF AUDREY MULLERT VICKNAIR 802 N. Carancahua St., Ste 2100 Corpus Christi, TX 78401 Tel: (361) 884-5400 E-mail: avicknair@vicknairlaw.com About Kost Ventures I Kost Ventures I, Ltd., is a privately held company based in San Antonio, Texas, engaged in activities related to real estate. The company has mineral interests in various counties in Texas. Kost Ventures I, Ltd. filed a voluntary petition under Chapter 11 of title 11 of the United States Code (Bankr. W.D. Tex. Case No. 18-51711) on July 19, 2018. The petition was signed by Lou Kost, Jr., president of Kost Ventures, Inc., general partner. At the time of filing, the Debtor disclosed $400,308 in total assets and $2,010,284 in total liabilities. The case is assigned to Judge Ronald B. King. Thomas Rice, Esq., at Pulman, Cappuccio & Pullen, LLP, is the Debtor's counsel. KOST VENTURES: Taps Santoyo Moore Wehmeyer PC as Special Counsel ---------------------------------------------------------------- Kost Ventures I, Ltd. seeks authority from the United States Bankruptcy Court for the Western District of Texas (San Antonio) to employ Santoyo Moore Wehmeyer PC as special counsel. Mr. Corey Wehmeyer, Santoyo's lead counsel, will assist the Debtor with respect to any objection Debtor makes to the Arbitration Award or any appeal or re-trial related to confirmation of the Arbitration Award and any judgment that might arise therefrom. Pre-petition, Debtor acquired a mineral interest in Gonzales County, Texas from Linnie Young. Debtor's purchase turned out to be a profitable one, and earned Debtor a significant amount of money. Ms. Young discovered this, immediately developed buyer's remorse, and as a remedy, chose to engage in litigation with Debtor. In October of 2016, Linnie Young commenced the lawsuit captioned and styled Linnie Young v. Phoenix Fund, Inc., Cynthia Watlington Clark, William R. Brunner, Kost Ventures 1, Ltd., and Addington Family Partnership, Ltd., Cause No. 26,479, in the 25th Judicial District Court of Gonzales County, Texas. On May 5, 2017, the state court compelled the State Court Lawsuit to arbitration and abated the State Court Lawsuit until completion of arbitration. On May 31, 2018, the arbitrator issued his award, finding Debtor, along with several of the other named respondents, liable to Plaintiff for actual damages, trial costs, arbitration costs and fees, and attorneys' fees, and liable to co-respondent, Coronado Resources 2013, LP for arbitration costs and fees. Professional services to be provided by Santoyo are: a. advise and consult with Debtor and Debtor’s counsel concerning legal questions regarding, related to, arising from, or in connection with the Arbitration Award issued in the Arbitration; b. advise, consult, and represent Debtor in or concerning any objection Debtor makes to the Arbitration Award; c. advise, consult, and represent Debtor in or concerning any appeal or retrial related to or arising from the confirmation of the Arbitration Award and any judgment that might arise therefrom; and d. perform all other necessary legal services in connection with any objection Debtor makes to the Arbitration Award or in any appeal or re-trial related to or arising from confirmation of the Arbitration Award and any judgment that might arise therefrom. Santoyo's current hourly rates are: Corey F. Wehmeyer, Shareholder $350 Benjamin Robertson, Associate $250 Associates $225 Paralegals $100 Corey Wehmeyer, Esq., shareholder of Santoyo Moore Wehmeyer, attests that his firm does not hold or represent an interest adverse to the estate and his firm and its attorneys are disinterested persons under 11 U.S.C. Sec. 101(14). The counsel can be reached through: Corey Wehmeyer, Esq. SANTOYO MOORE WEHMEYER PC IBC Highway 281 North Centre Building 12400 San Pedro Avenue, Suite 300 San Antonio, TX 78216 Tel: (210) 998-4200 Fax: (210) 998-4201 E-mail: cwehmeyer@smwenergylaw.com About Kost Ventures I Kost Ventures I, Ltd., is a privately held company based in San Antonio, Texas, engaged in activities related to real estate. The company has mineral interests in various counties in Texas. Kost Ventures I, Ltd. filed a voluntary petition under Chapter 11 of title 11 of the United States Code (Bankr. W.D. Tex. Case No. 18-51711) on July 19, 2018. The petition was signed by Lou Kost, Jr., president of Kost Ventures, Inc., general partner. At the time of filing, the Debtor disclosed $400,308 in total assets and $2,010,284 in total liabilities. The case is assigned to Judge Ronald B. King. Pulman, Cappuccio & Pullen, LLP, led by Thomas Rice, is the Debtor's counsel. LEGAL COVERAGE: Trustee's $80K Sale of Diamond Ring to Kharis OK'd ------------------------------------------------------------------ Judge Jean K. FitzSimon of the U.S. Bankruptcy Court for the Eastern District of Pennsylvania authorized Leslie Beth Baskin, the Chapter 11 trustee for The Legal Coverage Group Ltd., to sell a diamond ring to Kharis Fine Jewelry, LLC for $80,000. The Trustee is authorized: (1) to sell the Ring to Kharis free and clear of any and all liens, claims, encumbrances, or interests of any sort whatsoever against the Debtor or the Ring; (2) to pay $8,000 of the proceeds of the sale to Craiger Drake Designs as its commission in accordance with the Court's Order approving the Employment of Craiger Drake Designs; and (3) to deposit the balance of the sale proceeds, i.e., $72,000, into the Trustee's segregated, non-operating, DIP account. All existing, valid and unavoidable Liens in the Ring will attach to the proceeds of the Sale. Neither the Sale nor the entry of this order will in any way prejudice or impair any claims or legal or equitable rights or remedies held by The Prudential Insurance Co. of America, Prudential Retirement Insurance and Annuity Co. or any other creditor or party in interest, including, without limitation, claims and remedies of equitable trust, equitable lien, unjust enrichment, and all other equitable or legal remedies and claims, all of which are expressly reserved, and will be preserved to the fullest extent as if the Sale had not occurred. The net proceeds from the Sale will be placed by Trustee in a segregated bank account until all issues contained in the Order are resolved. About The Legal Coverage Group The Legal Coverage Group Ltd., also known as LCG, Ltd., is a Pennsylvania Subchapter S corporation. LCG, the exclusive provider of HELP Legal Plan, was founded in 1995 to modernize and ultimately perfect the concept of the employee legal plan. Headquartered in the suburbs of Philadelphia, Pennsylvania, HELP is a privately-held employee legal plan servicing worksites of all sizes and industries on a regional and national level, while maintaining the industry's highest rates of retention through unparalleled, unlimited, and fully comprehensive benefits services provided by only partner level attorneys. Legal Coverage Group sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 18-10494) on Jan. 26, 2018. In the petition signed by CEO Gary A. Frank, the Debtor estimated assets of $100 million to $500 million and liabilities of $10 million to $50 million. Judge Jean K. FitzSimon presides over the case. Dilworth Paxson LLP is the Debtor's legal counsel; and Wipfli LLP, as tax advisor. Leslie Beth Baskin, Esq., has been appointed as Chapter 11 Trustee, and is represented by the law firm of Spector Gadon & Rosen, PC. LIFETIME BRANDS: S&P Alters Outlook to Negative & Affirms 'B+' ICR ------------------------------------------------------------------ S&P Global Ratings affirmed its 'B+' issuer credit rating on Garden City, N.Y.-based Lifetime Brands Inc. and revised the outlook to negative from stable. S&P said, "At the same time, we affirmed our 'B+' rating on the company's $275 million loan B due 2025. Our recovery rating on the senior secured term loan is '3', indicating our expectations of meaningful (50% to 70%, rounded estimate 50%) recovery in the event of a payment default." The company had adjusted debt of approximately $459 million as of June 30, 2018. S&P said, "The outlook revision to negative reflects our view that leverage for 2018 will remain elevated, just above 5x, after the company's lower-than-expected operating performance through the first half of 2018. This is above our previous expectation for leverage between 4x and 5x in 2018 and well above the 4x pro forma leverage at the close of its transaction to acquire Filament brands in March 2018." While the integration of the businesses is still on track, revenue misses and gross margin erosion for the legacy businesses led to the decline in operating performance rather than operational mishaps during the integration process thus far. The company experienced lower sales from a key retail customer resulting in legacy Filament Brands sales down 10% year over year. For the same period, the legacy Lifetime Brands business has seen sales remain flat, but gross margins have contracted 100 basis points due to larger volumes in its lower-margin tabletop business and increased promotional activity. Adjusting for one-time costs associated with the acquisition, these factors have led to a severe 22% EBITDA decline since the end of 2017 and last-12-month leverage increasing close to 6.0x as of June 30, 2018. S&P said, “We do expect a modest recovery in the back half of the year due to seasonality in the business and a large customer order in the pipeline, which we expect to lead to better cash flow generation that is applied towards paying down the asset-backed lending facility (ABL) balance, but for leverage to remain above 5x through the remainder of the year." S&P said, "The negative outlook reflects the possibility that we could lower the ratings if the company's operating performance during the second half of 2018 does not improve and the company is unable to reduce and maintain debt leverage below 5x through the recapture of lost sales to a key customer and improved product mix. "We could lower the ratings if leverage remains over 5.0x during the next few quarters, which could occur if profitability does not improve during the back half of 2018 and the outlook for 2019 remains weak. We could also lower the ratings if the company is unable to pass on cost increases from the import tariffs, or if the company prioritizes acquisitions, dividends, or share repurchases, instead of paying down its ABL. "We could revise the outlook to stable if the company reduces leverage to below 5x on a sustained basis. This could happen if the company can maintain at least flat sales growth and improve EBITDA margins by 100 basis points (bps) through cost synergies and shifting to a higher-margin product mix, while applying discretionary cash flow towards debt repayment." M2 SYSTEMS: Taps Bell Law Group as Special Counsel -------------------------------------------------- M2 Systems Corporation seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Bell Law Group, P.A. as special counsel. The firm will provide legal services in connection with the claims made by Indoor Billboard, M2 Payment Solutions and Digital Payments against the Debtor. The hourly rates for the firm's attorneys range from $200 to $300. Paralegals and law clerks charge $100 per hour. Prior to the petition date, Bell Law Group received a retainer in the sum of $25,000. Bradley Bell, Esq., a partner at Bell Law Group, disclosed in a court filing that his firm does not represent any interest adverse to the Debtor. The firm can be reached through: Bradley S. Bell, Esq. Bell Law Group, P.A. 407 North Howard Avenue, Suite 201 Tampa, FL 33606 Phone: (813) 867-4522 Fax: (813) 867-4542 Email: bbell@bbellpa.com About M2 Systems Corporation M2 Systems Corporation -- https://www.m2-corp.com/ -- provides computer automated solutions for practical business problems utilizing technology serving the financial, healthcare, retail, security, transportation, logistics and telecommunications industries. It specializes in developing, marketing and implementing transaction technologies for both established and emerging markets as well as creating outlets for licensing and operating its solution sets. M2 Systems was founded in 1986 and is headquartered in Maitland, Florida. M2 Systems sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-01339) on March 12, 2018. In the petition signed by Joseph W. Adams, CEO and director, the Debtor estimated assets of less than $1 million and liabilities of $1 million to $10 million. Latham, Shuker, Eden & Beaudine, LLP, is the Debtor's bankruptcy counsel. MARRONE BIO: Incurs $4.84 Million Net Loss in Second Quarter ------------------------------------------------------------ Marrone Bio Innovations, Inc., has filed with the Securities and Exchange Commission its Quarterly Report on Form 10-Q reporting a net loss of $4.84 million on $5.75 million of total revenues for the three months ended June 30, 2018, compared to a net loss of $7.38 million on $6.47 million of total revenues for the three months ended June 30, 2017. For the six months ended June 30, 2018, the Company reported a net loss of $7.76 million on $10.07 million of total revenues compared to a net loss of $15.01 million on $10.63 million of total revenues for the six months ended June 30, 2017. As of June 30, 2018, Marrone Bio had $55.14 million in total assets, $33.17 million in total liabilities and $21.96 million in total stockholders' equity. "We have continued to make solid operational progress, highlighted by our submission of MBI-014 bioherbicide to the EPA in August of 2018, continued excellent progress on international trials and submissions, and our support of growers in the burgeoning Cannabis market through the launch and approval of the CG brand of Regalia, Venerate and Grandevo," said Dr. Pam Marrone, founder and CEO of Marrone Bio Innovations. "As California and Colorado do not allow the use of chemical pesticides on Cannabis, biopesticides are uniquely positioned in this market. "We also continued to expand our reach both internationally --through a new partnership with Lidorr Chemicals in Israel and a forthcoming partnership in Vietnam -- and domestically, through the expansion of our sales team into Idaho and eastern Washington. "Our research and development and manufacturing initiatives continue to bear fruit, driving significant margin improvements, as evidenced by our 850 basis point increase in gross margins to 47.3% in the second quarter. "The progress we've continued to make internally and with customers has put us in a strong position to execute upon our business plan and create long-term shareholder value." A full-text copy of the Form 10-Q is available for free at: https://is.gd/02dLmp About Marrone Bio Innovations Based in Davis, California, Marrone Bio Innovations, Inc. -- http://www.marronebio.com/-- discovers, develops and sells innovative biological products for crop protection, plant health and waterway systems treatment. MBI has screened over 18,000 microorganisms and 350 plant extracts, leveraging its in-depth knowledge of plant and soil microbiomes enhanced by advanced molecular technologies to rapidly develop seven effective and environmentally responsible pest management products to help customers operate more sustainably while uniquely improving plant health and increasing crop yields. Supported by a robust portfolio of over 400 issued and pending patents around its superior natural product chemistry, MBI's currently available commercial products are Regalia, Grandevo, Venerate, Majestene, Haven Stargus and Amplitude, Zelto and Zequanox. The Company incurred a net loss of $30.92 million in 2017 and a net loss of $31.07 million in 2016. As of Dec. 31, 2017, Marrone Bio had $36.91 million in total assets, $87.56 million in total liabilities and a total stockholders' deficit of $50.65 million. The report from the Company's independent accounting firm Ernst & Young LLP, the Company's auditor since 2008, on the consolidated financial statements for the year ended Dec. 31, 2017, includes an explanatory paragraph stating that the Company's historical operating results and negative working capital indicate substantial doubt exists about the Company's ability to continue as a going concern. MEENA INC: Taps Wisdom Professional as Accountant ------------------------------------------------- Meena, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire an accountant. The Debtor proposes to employ Wisdom Professional Services, Inc. to prepare its monthly operating reports; review bank statements and other financial documents; and provide consulting services. WPS will charge an hourly fee of $300. The firm received an initial retainer of $500. Michael Shtarkman, a certified public accountant employed with WPS, 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: Michael Shtarkman Wisdom Professional Services, Inc. 2546 East 17th Street, 2nd Floor Brooklyn, NY 11235 About Meena Inc. Meena, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 18-74693) on July 12, 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 is represented by: Alla Kachan, Esq. Law Offices of Alla Kachan, P.C. 3099 Coney Island Avenue, 3rd Floor Brooklyn, NY 11235 Phone: (718) 513-3145 Email: alla@kachanlaw.com MONEYONMOBILE INC: Cancels Rights Offering Over Ownership Dispute ----------------------------------------------------------------- MoneyOnMobile, Inc. said it is terminating its rights offering and returning funds to investors. MoneyOnMobile's escrow agent received gross proceeds and subscriptions of $7,417,818 into escrow from 218 investors. Upon closing of the rights offering, the Company would have issued to these investors 1,236,303 shares of its common stock. The closing of the rights offering was subject to MoneyOnMobile's Common stock being successfully listed on the Nasdaq Capital Market Exchange. As of July 17, 2018, MoneyOnMobile had cleared all the requirements for the listing on Nasdaq except for the filing of its annual audited 10-K report. At this time MoneyOnMobile does not believe that periodic report can be completed in a timely manner due to Indian shareholders challenging MoneyOnMobile's control of its subsidiary My Mobile Payments Limited. MoneyOnMobile said management has learned of numerous unauthorized, illegal actions by MMPL's Board of Directors which violate various investment and shareholder agreements in place. "We are pursuing extensive legal actions to reverse such actions. We believe our legal case is strong and should prevail, however, there is no specific time frame for an ultimate conclusion. Therefore, MoneyOnMobile is terminating its rights offering and returning the funds to investors." Harold Montgomery, chief executive officer and chairman of MoneyOnMobile, said, "We could no longer in good faith hold investor subscriptions in escrow, without knowing when the end to this offering would come. We are obviously disappointed with this outcome and shocked that our local partners would mount this challenge in direct violation of our investment agreements, which they have confirmed many times as part of our annual audit process." On Aug. 1, 2018, MoneyOnMobile received a communication from the Ministry of Corporate Affairs of the Government of India that the Company's subsidiary, MMPL, filed an "eForm" through the MCA's electronic portal. The communication alerted the Company to an action taken by the Board of Directors of MMPL, which action purportedly added three new directors to the MMPL Board. The Company was not aware of and did not take part in this corporate action. Furthermore, the Company believes that any action taken by the MMPL Board in connection with or in addition to the purported director appointments was an invalid action. The Company consulted with its local Indian corporate counsel to take action to remedy any effects of and receive declaratory judgment to invalidate the purported actions taken by the MMPL Board. On Aug. 3, 2018, the High Court of Judicature at Bombay held a hearing in connection with the Company's petition inter alia seeking interim relief to stay the actions the Company believes to have been invalidly taken. In the said Petition, an additional relief seeking suspension of the directors who were invalidly appointed on the MMPL Board on Aug. 1, 2018 was also sought. The ability of any of the new directors to serve on the MMPL Board was suspended until the Court could hold an additional hearing. On Aug. 10, 2018, the Court conducted a hearing, at which hearing, the Court further stayed the actions the Company believes to have been invalidly taken and deferred final ruling until Aug. 23, 2018. MoneyOnMobile said that management received credible documented evidence on Aug. 22, 2018, that all employees of MMPL and Digital Payment Processing Limited were coerced into resigning their positions and becoming employees of an entity named LI Digital Payments Processing Limited, a new Indian entity that was established by certain Indian members of the MMPL Board, and in which the Company has no ownership interest. Further, Management received other documents evidencing an updated MMPL shareholder list, for which demonstrated LIDPPL possessed control of over 50% of the issued and outstanding voting shares of MMPL, the transfer of such shares is in direct violation of several clauses and prohibitions of the 2012 Memorandum of Understanding between the parties, and various other investment agreements, which together formed the foundation for the Company's investments and ownership in both DPPL and MMPL. The Company believes that these actions of employee transfer and shareholder transfer are illegal and unauthorized, and that these actions violate various investment and shareholder agreements in place between the Company, DPPL, MMPL, and its founders and shareholders. The Company continues to work within the Indian legal system to request the Indian courts overturn all actions made by the MMPL Board from Aug. 1, 2018 onwards. About MoneyOnMobile MoneyOnMobile, Inc., headquartered in Dallas, Texas -- http://www.money-on-mobile.com/-- is a global mobile payments technology and processing company offering mobile payment services through its Indian subsidiary. MoneyOnMobile enables Indian consumers to use mobile phones to pay for goods and services or transfer funds from one cell phone to another. It can be used as simple SMS text functionality or through the MoneyOnMobile application or internet site. MoneyOnMobile has more than 350,000 retail locations throughout India. MoneyOnMobile reported a net loss of $13.09 million for the year ended March 31, 2017, following a net loss of $19.72 million for the year ended March 31, 2016. The Company's balance sheet at Dec. 31, 2017, showed $27.67 million in total assets, $30.02 million in total liabilities, $1.22 million in preferred stock Series D, $5.70 million in preferred stock Series F, and a total stockholders' deficit of $9.27 million. Liggett & Webb, P.A., in New York, issued a "going concern" opinion in its report on the consolidated financial statements for the year ended March 31, 2017, noting that the Company has experienced recurring operating losses and negative cash flows from operating activities. These conditions raise substantial doubt about the Company's ability to continue as a going concern. MONEYONMOBILE INC: Suspending Reporting Obligations with the SEC ---------------------------------------------------------------- MoneyOnMobile, Inc. has filed a Form 15 with the Securities and Exchange Commission to terminate the registration of its common stock under Section 12(g) of the Securities Exchange Act of 1934 and to suspend the Company's reporting obligations under the Exchange Act with respect to its Shares. About MoneyOnMobile MoneyOnMobile, Inc., headquartered in Dallas, Texas -- http://www.money-on-mobile.com/-- is a global mobile payments technology and processing company offering mobile payment services through its Indian subsidiary. MoneyOnMobile enables Indian consumers to use mobile phones to pay for goods and services or transfer funds from one cell phone to another. It can be used as simple SMS text functionality or through the MoneyOnMobile application or internet site. MoneyOnMobile has more than 350,000 retail locations throughout India. MoneyOnMobile reported a net loss of $13.09 million for the year ended March 31, 2017, following a net loss of $19.72 million for the year ended March 31, 2016. The Company's balance sheet at Dec. 31, 2017, showed $27.67 million in total assets, $30.02 million in total liabilities, $1.22 million in preferred stock Series D, $5.70 million in preferred stock Series F, and a total stockholders' deficit of $9.27 million. Liggett & Webb, P.A., in New York, issued a "going concern" opinion in its report on the consolidated financial statements for the year ended March 31, 2017, noting that the Company has experienced recurring operating losses and negative cash flows from operating activities. These conditions raise substantial doubt about the Company's ability to continue as a going concern. MORNINGSIDE LLC: AlAbdulrazzaq Buying Venice Property for $2.9M --------------------------------------------------------------- Morningside, LLC, asks the U.S. Bankruptcy Court for the Central District of California to authorize the sale of the real property located at 1390 Morningside Way, Venice, California to Abdulaziz AlAbdulrazzaq for $2.85 million, subject to overbid. The Debtor's assets only include the real property. The residence on the property is complete and ready for sale. The Debtor has no income. The vast majority of its debts are secured voluntary liens on the real property. As of the Petition Date, the Debtor estimated that the general unsecured claims against the Estate totaled $40,000. Gilad Schiowitz and Justin Naoe, as the real estate agents for the Debtor, began to market the Property as soon as the Court entered the order approving of their employment. On March 21, 2018, at the Court ordered status conference, the Court set the Claims Bar Date for May 31, 2018. On March 28, 2018, the Debtor served and filed the Notice to All Creditors of Claims Bar Date. As of Aug. 3, 2018, no unsecured creditors filed any claims in the matter and thus, there are no general unsecured claims entitled to any payoff. There is one priority unsecured claim owed to the Franchise Tax Board in the amount of $3,014. Through the Motion, the Debtor proposes to sell the Property, a single-family residence. It asks to fund its bankruptcy through the sale of the Property. The Property was initially listed for sale at $2,899,999. After several counteroffers and negotiations between the parties, the Debtor accepted the offer of the Buyer for the sum of $2.85 million, free and clear of their asserted interests. The parties executed their Residential Purchase Agreement. The principal terms of Agreement are: 1. Purchase price is $2.85 million; 2. The Buyer will deposit $88,500 into escrow (which has been deposited); 3. The escrow was to close July 26, 2018, but has been postponed pending approval of the sale by the Court; the Buyer and the escrow is prepared to close within 48 hours of entry of order; 4. The sales price does not cover the totality of secured claims. The secured creditors have agreed to reduce claims to facilitate sale as follows: (i) the second deed of trust, BDP Investments, LLC, has agreed to a $25,000 reduction on its claim; and (ii) the third deed of trust, John S. Moreiko has agreed to an approximate $250,000 reduction on its secured claim. As set forth in the Listing Agreement, the Brokers were to be compensated 3% of the purchase price. They've have agreed to reduce their commission approximately 2.25% ($65,500) to facilitate the deal. The Debtor and Broker believe that the Buyer's offer is the best offer that will be received for the purchase of this property, and the Debtor has therefore chosen to accept it. The proposed sale will produce funds to pay brokers, taxes, sales costs, insurance and secured creditors (some at discounts). The following is a summarized/estimated breakdown of proceeds of the sale: Purchase Price: $2,850,000 Brokers' Commission (2.25%) $65,500 Title Charges & Escrow/Settlement Charges: $44,000 Govemment Recording & Transfer Charges: $17,000 Del Toro Loan servicing (Paid in full): $1,875,000 BDP Investments ($25,000 voluntary discount: $685,000 John S. Moreiko ($250,000 voluntary discount) $100,000 Misc. Fees-Costs-Repairs: $65,000 Remaining Proceeds of Sale: $0 The Debtor submits that the proposed sale is in the best interest of the estate and all creditors as the sale will generate a payoff of debt and liquidation of the sole estate asset. The Debtor proposes overbidding procedures. The salient terms of the Bidding Procedures are: a. Bid Deadline: At least 72 hours prior to the hearing b. Initial Bid: At least $60,000 more than the initial bid of $2.85 million c. Deposit: $100,000 made payable to "Law Offices of Moses S. Bardavid Trust Account" d. Auction: At the hearing e. Bid Increments: $25,000 f. If an agent/broker brings a prospective bidder who is ultimately the successful bidder and to whom the sale is approved, that agent/broker will share in the commission with Broker; the total commission will not exceed 2.5% (1.25% even split between them), on the terms set forth in the ALTA Settlement Statement. g. Break-Up Fee: $91,000. The Buyer will also be reimbursed the $20,000 that remains on deposit in escrow. A copy of the Agreements and Bidding Procedures attached to the Motion is available for free at: http://bankrupt.com/misc/Morningside_LLC_52_Sales.pdf To facilitate the most expeditious sale closing possible, the Debtor asks that the order granting the Motion be effective immediately upon entry by providing that the 14-day stay periods provided by Bankruptcy Rule 6004(h) is waived. About Morningside LLC Morningside, LLC, is a privately-owned company in Venice, California. Morningside is affiliated with 1060 Palms, LLC, which sought bankruptcy protection on Oct. 3, 2017 (Bankr. C.D. Cal. Case No. 17-22183). Morningside sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 18-10692) on Jan. 22, 2018. In the petition signed by Yoni Guttman, managing member, the Debtor estimated assets and liabilities of $1 million to $10 million. The Debtor tapped the Law Offices of Moses S. Bardavid as its legal counsel. On March 12, 2018, the Court appointed Gilad Schiowitz and Justin Naoe as real estate agents for the Debtor. MOSADI LLC: Plan Confirmation Hearing Set for Sept. 24 ------------------------------------------------------ Bankruptcy Judge Catherine Peek McEwen entered an order approving Mosadi, LLCs' disclosures statement describing its amended plan. Any written objections to the Disclosure Statement must be filed and served no later than seven days prior to the date of the hearing on confirmation. The Court will conduct a hearing on confirmation of the Plan on Sept. 24, 2018 at 11:30 a.m. in Tampa, FL - Courtroom 8B, Sam M. Gibbons United States Courthouse, 801 N. Florida Avenue. Objections to confirmation must be filed and served no later than seven days before the date of the Confirmation Hearing. About Mosadi LLC Headquartered in Tampa, Florida, Mosadi, LLC, filed for Chapter 11 bankruptcy protection (Bankr. M.D. Fla. Case No. 17-09328) on Nov. 1, 2017. In the petition signed by Monica Sanchez-Diu, president, the Debtor estimated its assets at between $100,001 and $500,000 and its liabilities at between $500,001 and $1 million. Buddy D. Ford, Esq., at Buddy D. Ford, P.A., serves as the Debtor's bankruptcy counsel. An official committee of unsecured creditors has not been appointed in the Chapter 11 case. MRPC CHRISTIANA: Hires Madison Hawk Partners LLC as Realtor ----------------------------------------------------------- MRPC Christiana, LLC, seeks authority from the U.S. Bankruptcy Court for the District of New Jersey (Newark) to hire Madison Hawk Partners LLC as realtors. The Debtor is marketing its real property consisting of a 120-room Four Points by Sheraton located at 56 S. Old Baltimore Pike, Newark, Delaware. Professional services to be rendered by Madison are: a. list the Debtor's property for sale, including listing in the Multiple Listing Service; b. arrange for the property to be shown; c. assist in the presentation of contracts of sale and negotiations; d. conduct an auction sales; and e. assist in the consummation of a sales approved by the Bankruptcy Court. Madison Hawk's commission will be equal to 4% of the contract sale price or 4% of the High Bid Price, if there is a Buyer's Premium. In the event there is a cooperating broker, said broker will be paid a commission in an amount equal to 1% of the contract sale price or 4% of the high bid price, if there is a Buyer's Premium. Jeffrey Hubbard, member of Madison Hawk Partners LLC, attests that he and the firm do not hold or represent an interest adverse to the debtor or the estate and are disinterested persons under 11 U.S.C. Sec. 101(14). The realtors can be reached through: Jeffrey Hubbard MADISON HAWK PARTNERS, LLC 75 Lexington Ave #4023 New York, NY 10022 Phone: +1 212-971-9720 About MRPC Christiana Based in Elizabeth, New Jersey, MRPC Christiana, LLC, filed for relief under chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case no. 18-26567) on Aug. 17, 2018. At the time of filing, the Debtor estimates $10,000,001 to $50 million in both assets and liabilities. Trenk DiPasquale Della Fera & Sodono, P.C., led by Richard D. Trenk, represents the Debtor. MRPC CHRISTIANA: Taps Trenk DiPasquale Della Fera as Counsel ------------------------------------------------------------ MRPC Christiana, LLC, seeks authority from the U.S. Bankruptcy Court for the District of New Jersey (Newark) to hire Trenk, DiPasquale, Della Fera & Sodono, P.C., as counsel. The professional services to be rendered are: a. advise Debtor with respect to the power, duties and responsibilities in the continued management of the financial affairs as a debtor, including the rights and remedies of the debtor-in-possession with respect to its assets and with respect to the claims of creditors; b. advise Debtor with respect to preparing and obtaining approval of a Disclosure Statement and Plan of Reorganization; c. prepare on behalf of Debtor, as necessary, applications, motions, complaints, answers, orders, reports and other pleadings and documents; d. appear before this Court and other officials and tribunals, if necessary, and protecting the interests of Debtor in federal, state and foreign jurisdictions and administrative proceedings; e. negotiate and prepare documents relating to the use, reorganization and disposition of assets, as requested by Debtor; f. negotiate and formulate a Disclosure Statement and Plan of Reorganization; g. advise Debtor concerning the administration of its estate as a debtor-in-possession; and h. perform such other legal services for Debtor, as may be necessary and appropriate. The individuals presently designated to represent Debtor and their hourly rates are: Richard D. Trenk (Director) $625 Irena M. Goldstein (Partner) $580 Robert S. Roglieri (Associate) $295 The counsel's standard hourly rates are: Partners $325 to $625 Associates $255 to $295 Law Clerks $195 Paralegals and Support Staff $145 to $215 Richard D. Trenk, a partner with the firm Trenk DiPasquale Della Fera & Sodono, P.C., attests that he and his firm do not represent or hold any interest adverse to the debtor or the estate and are disinterested under 11 U.S.C. § 101(14). The counsel can be reached through: Richard D. Trenk Trenk DiPasquale Della Fera & Sodono, P.C. 347 Mt. Pleasant Avenue, Suite 300 West Orange, NJ 07052 Phone:973-243-8600 Fax : 973-243-8677 Email: rtrenk@trenklawfirm.com About MRPC Christiana Based in Elizabeth, New Jersey, MRPC Christiana, LLC, filed for relief under chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case no. 18-26567) on Aug. 17, 2018. At the time of filing, the Debtor estimated $10 million to $50 million in assets and liabilities. Trenk DiPasquale Della Fera & Sodono, P.C., led by Richard D. Trenk, is the Debtor's counsel. NEW INVESTMENTS: Hires Lane Powell as Special Counsel ----------------------------------------------------- New Investments, Inc. seeks authority from the United States Bankruptcy Court for the Western District of Washington (Seattle) to hire Lane Powell as the Debtor's special counsel to handle the its appeal to the 9th Circuit Court of Appeals (No. 18-35269). The Debtor's Amended Plan of Reorganization (confirmed on Sept. 12, 2013) was based on the sale of its Hotel and related property to AltaNatural Corporation. Subsequent to the closing of the sale of the Hotel and related property and confirmation of the Debtor's Plan of Reorganization, AltaNatural made a motion to approve a settlement, which was denied by the Court. Subsequently, AltaNatural commenced an Adversary Proceeding No. A15-01188-MLB against the Debtor, seeking damages for breach of a warranty deed on the sale and other relief. A two-day trial was held in March 2016 on the Adversary Proceeding, resulting in a Judgment against the Debtor on August 26, 2016, which among other relief, authorized AltaNatural's suspension of performance on payment of the Note, and setoff the Plaintiff's damage claims against the principal balance due under the Note on the Sale of the Hotel (in the amount of an overpayment claim against the Debtor’s estate of $152,761.30). The Debtor appealed the Judgment in Adversary Proceeding No. A15-01188-MLB to the U.S. District Court (No. 16-01368-RAJ). On or about March 12, 2018, USDC Judge Richard Jones affirmed the Bankruptcy Court's Judgment. The Debtor directed that the District Court Judgment affirming the Bankruptcy Court in No. 16-01368-RAJ be appealed to the Ninth Circuit Court of Appeals seeking further appellate relief. This occurred on April 6, 2018, when the 9th Circuit Appeal in Case No. 18-35269 was filed. Lane Powell's current hourly rates are: Gregory R. Fox $470 Ryan McBride $515 Attorneys $305 to $750 Paralegals $105 to $300 Lane Powell will be engaged to handle the Ninth Circuit Appeal (Case No. 18-35269) for a flat fee of $40,000, plus costs, estimated at $1,500.00, which will include all briefing and oral argument (if requested by the Ninth Circuit) through an initial decision by a Three-Judge Panel. The Debtor believes that Lane Powell is disinterested within the meaning of 11 U.S.C. Sec. 101(14). The counsel can be reached through: Gregory R. Fox Lane Powell 1420 Fifth Avenue, Suite 4200 Seattle, WA 98101-2375 Direct: 206-223-7129 Fax: 206-354-3182 E-mail: foxg@lanepowell.com About New Investments Inc. New Investments Inc., based in Kirkland, WA, filed a Chapter 11 petition (Bankr. W.D. Wash. Case No. 12-18500) on August 16, 2016. The Hon. Karen A. Overstreet presides over the case. Darrel B. Carter, Esq., at CBG Law Group PLLC, serve as bankruptcy counsel. In the petition signed by Sheraly Aziz, president, the Debtor estimated $1 million to $10 million in assets and $10 million to $50 million in liabilities. NOWELL TREE: Hires Steven E. Stein as Accountant ------------------------------------------------ Nowell Tree Farm, LLC, seeks authority from the U.S. Bankruptcy Court for the District of Arizona to hire Steven E. Stein as accountant. The Debtor desires to retain Stein because Stein has been doing the books and tax returns for the Debtor for 25 years and is familiar with Debtor's business practices and records. The Debtor believes that Stein is well qualified to perform Debtor's financial requirements and file Debtor's tax returns. Steven E. Stein attests that he does not currently represent any other entity or person in connection with this case and does not currently represent any person or entity having an adverse interest in connection with said case. The accountant can be reached through: Steven Stein, CPA 2069 Hendricks Ave Bellmore, NY 11710 Phone: (516) 223-1040 About Nowell Tree Farm Nowell Tree Farm, LLC, operates a nursery growing, developing and selling trees, shrubs, cactus and palms primarily on a wholesale basis to landscapers, contractors and nurseries. Nowell Tree Farm sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 18-08022) on July 9, 2018. At the time of the filing, the Debtor estimated assets of $10 million to $50 million and liabilities of $1 million to $10 million. Judge Madeleine C. Wanslee presides over the case. Burch & Cracchiolo PA, led by Alan A. Meda, serves as the Debtor's counsel. OAKMONT INVESTMENT: Taps Shumacher Group as Broker -------------------------------------------------- Oakmont Investment Group, LLC, and Investment Partners Group, LLC, seek approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire a broker. The Debtor proposes to employ The Shumacher Group, Inc., in connection with the sale of its restaurant known as Sage Woodfire Tavern located at 3050 Windy Hill Road, Atlanta. The firm will get a commission of 12% of the sales price. Steven Josovitz, a broker employed with Shumacher Group, disclosed in a court filing that he and other employees of the firm are "disinterested" as defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Steven Josovitz The Shumacher Group, Inc. Office: 770-841-2121 / 770-840-2121 Fax: 770-840-6334 Email: steven@shumacher.com About Oakmont Investment Group Oakmont Investment Group, LLC, and its affiliates are privately-held companies operating in the restaurant industry. Oakmont Investment Group and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Lead Case No. 18-62353) on July 26, 2018. In the petitions signed by James Liakakos, manager, Oakmont Investment Group estimated up to $50,000 in assets and $100,000 to $500,000 in liabilities. Affiliates Sage Park Place, Inc., and Sage Enterprises Group III, LLC, each estimated up to $50,000 in assets and $1 million to $10 million in liabilities. The Debtors tapped George M. Geeslin, Esq., as their legal counsel. ORTHOPAEDIC AND NEURO: Case Summary & 16 Unsecured Creditors ------------------------------------------------------------ Debtor: Orthopaedic and Neuro Imaging, LLC 34435 King Street Row, Suite 2 Lewes, DE 19958 Business Description: Orthopaedic and Neuro Imaging, LLC -- http://www.onisite.com-- is a healthcare company that provides diagnostic radiology service available at its Lewes, Millsboro, Salisbury and Seaford locations. Chapter 11 Petition Date: August 22, 2018 Case No.: 18-21188 Court: United States Bankruptcy Court District of Maryland (Baltimore) Judge: Hon. Thomas J. Catliota Debtor's Counsel: Michael Stephen Myers, Esq. SCARLETT, CROLL & MYERS, P.A. 201 North Charles Street, Suite 600 Baltimore, MD 21201 Tel: 410-468-3100 E-mail: mmyers@scarlettcroll.com - and - Robert B. Scarlett, Esq. SCARLETT, CROLL & MYERS, P.A. 201 N. Charles St., Ste. 600 Baltimore, MD 21201 Tel: 410-468-3100 E-mail: rscarlett@scarlettcroll.com Total Assets: $48,922 Total Liabilities: $16,591,501 The petition was signed by Richard Pfarr, stockholder and manager. A full-text copy of the petition containing, among other items, a list of the Debtor's 16 unsecured creditors is available for free at: http://bankrupt.com/misc/mdb18-21188.pdf OUR TOWN ASSOCIATES: Case Summary & 2 Unsecured Creditors --------------------------------------------------------- Debtor: Our Town Associates, LLC dba Our Town Square 1055 Laskin Road, Suite 100 Virginia Beach, VA 23451 Business Description: Our Town Associates, LLC filed as a Single Asset Real Estate (as defined in 11 U.S.C. Section 101 (51B)). The Company owns real property and improvements located at 971 N. Main Street, Mooresveille, North Carolina, valued by the Company at $3 million. Chapter 11 Petition Date: August 22, 2018 Case No.: 18-72950 Court: United States Bankruptcy Court Eastern District of Virginia (Norfolk) Debtor's Counsel: Karen M. Crowley, Esq. CROWLEY, LIBERATORE, RYAN & BROGAN, P.C. Town Point Center, Suite 300 150 Boush Street Norfolk, VA 23510 Tel: 757-333-4500 Fax: 757-333-4501 E-mail: kcrowley@clrbfirm.com Total Assets: $3,105,463 Total Liabilities: $3,486,042 The petition was signed by Jon S. Wheeler, manager of Boulevard Capital, LLC, managing member. A full-text copy of the petition containing, among other items, a list of the Debtor's two unsecured creditors is available for free at: http://bankrupt.com/misc/vaeb18-72950.pdf PAIN SPECIALISTS: Taps Tameria S. Driskill as Legal Counsel ----------------------------------------------------------- Pain Specialists of Gadsden, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Alabama to hire Tameria S. Driskill, LLC 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 plan of reorganization; and provide other legal services related to its Chapter 11 case. Driskill charges an hourly fee of $325. The firm received a retainer of $10,000 from the Debtor. Driskill is a "disinterested person" as defined in Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Tameria S. Driskill, Esq. Tameria S. Driskill, LLC 8505 P.O. Box Gadsden, AL 35902 Phone: (256) 546-5591 About Pain Specialists of Gadsden Pain Specialists of Gadsden, Inc., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ala. Case No. 18-41385) on Aug. 14, 2018. At the time of the filing, the Debtor estimated assets of less than $50,000 and liabilities of less than $1 million. Judge James J. Robinson presides over the case. PATTY DEWITT: $2.4M Sale of Morgantown Property to Hadoxes Okayed ----------------------------------------------------------------- Judge Patrick M. Flatley of the U.S. Bankruptcy Court for the Northern District of West Virginia authorized Patty JoAnne DeWitt's sale of the real estate, consisting of a rental complex, convenience store and otherwise, being 1425, 1428, 1443, 1445, 1447, and 1449 Van Voohris Road, Morgantown, West Virginia, which includes without limitation land, any buildings, contents, equipment, furniture, fixtures, lease contracts, any disposal systems and applicable permits and licenses, to Robert B. Hadox and Bonita Sue Hadox and/or their assigns for $2.375 million. Howard Hanna Real Estate, already retained in the matter, will continue tomanage rentals and rental income and expenses, and as to the $2,375,000 offer, the same will be re-executed by the Debtor and by Mr. and Mrs. Hadox for offer and acceptance purposes, including without limitation owner financing of the amount of $440,000 to be amortized over 20 years, at 4.5% interest, and a balloon payment at the end of 60 months in the sum of $365,294 delivering to the Debtor a commercial note and a deed of trust securing the repayment thereof with the buyer's interest in the real estate sold, and to the extent moved or sold into an entity other than Hadox, with the personal guarantees thereof by Hadox. Hadox will have 30 days to procure a Bank commitment letter, and subsequently an additional 60 days for Hadox to close. The Court, upon motion and hearing may in its sole discretion, allow an additional 30 days for closing for matters not the fault of Hadox, in the event of unforeseeable delay. The Debtor will timely provide Hadox new rent rolls and information on improvements, together with a copy of all current leases of residential real estate. She is directed, along with her agents and employees, not to change, alter, remove or otherwise interfere with property to be sold or the rental operations, other than to turn operations over to Realtor and to close commercial operations of Debtor on properties of the Debtor to be sold. The realtors will report on any such prohibited activities to the parties hereto and the Court. All personal property and equipment at the Debtor's commercial facilities (contents) or otherwise in the properties to be sold will convey. The Debtor is authorized to pay the following undisputed lien or claim at closing of the sale: Commercial Note and Deed of Trust of United Bank, dated the 9th day of May, 2011, payoff as of the 15th day of June 2018, in the amount of $1,315,602, plus per diem interest and attorney fees, until the time of closing. The Debtor, and any escrow agent upon the Debtor's written instruction, will be authorized to make such disbursements on or after the closing of the sale as are required by the purchase agreement or order of this Court, including, but not limited to, (a) all delinquent real property taxes and outstanding post-petition real property taxes pro-rated as of the closing with respect to the real property included among the purchased assets, and (b) all normal costs of closing, and brokerage fees of Howard Hanna in the amount of $142,500. The Order will be effective immediately upon entry. No automatic stay of execution, pursuant to Rule 62(a) of the Federal Rules of Civil Procedure, or Bankruptcy Rules 6004(h) or 6006(d), applies with respect to the Order. Patty JoAnne DeWitt sought Chapter 11 protection (Bankr. N.D. W.Va. Case No. 17-00120) on Feb. 2, 2017. The Debtor tapped J. Frederick Wiley, PLLC, and Johnson Law, PLLC, as counsel. Howard Hanna Premier Properties by Barbara Alexander, LLC, by Kay Alexander and Rob Young were approved by the Court as the Realtor for the Debtor. POINT COM: $75K Sale of Assets to PHP Alliance Denied w/o Prejudice ------------------------------------------------------------------- Judge Tony M. Davis of the U.S. Bankruptcy Court for the Western District of Texas denied without prejudice Point Com, LLC's bidding procedures in connection with the sale of valuable assets to PHP Alliance, LLC, for $75,000, subject to overbid. The Assets, includes but not limited to: an assignment of all intellectual property owned or licensed by the Seller, including all foreign and domestic patents or applications related to or arising out of any of the assets, as well as any other foreign and domestic patents, pending patent applications, trademarks (registered and common law), pending trademark registrations, copyrights, pending copyright registrations, software, trade secrets, know-how, and any and all books, records, contracts, lab notebooks, drawings, technical manuals, operating manuals, pictures, web pages, engineering drawings, technical specifications, presentations, technical data, manufacturing procedures, purchase specifications and agreements related thereto. The Assets also include an assignment of all licenses (to the extent assignable) and nondisclosure or inventions assignment agreements owned by Seller that relate to any of the foregoing or are otherwise necessary or useful to make, have made, practice, use, import or sell any of the technology embodied in the other Assets. All the Assets transferred to Buyer will be free and clear of any liens, claims and encumbrances and any such liens, claims or encumbrances will attach to the proceeds of the sale. Any assets not specifically transferred and assigned to Buyer, and any liabilities relating thereto, will remain the property of the Seller. The Debtor proposed to sell the assets free and clear of all liens, claims, encumbrances, and other interests. A copy of the list of Assets to be sold and the Bidding Procedures attached to the Motion is available for free at: http://bankrupt.com/misc/Point_Com_53_Sales.pdf Counsel for the Debtor: B. Weldon Ponder, Jr., Esq. 4408 Spicewood Springs Road Austin, TX 78759 Telephone: (512) 342-8222 Facsimile: (512) 342-8444 E-mail: welpon@austin.rr.com Abut Point Com Point Com, LLC, operates a website design and development and digital marketing business. It has been in business since 1997, when its founder and its now-sole member/manager Steven C. Kahle, formed the company. In 2017, the Debtor had gross revenues of approximately $1,208,000. Point Com, LLC sought Chapter 11 protection (Bankr. W.D. Tex. Case No. 18-10762) on June 14, 2018. In the petition signed by Steve C. Kahle, member and manager, the Debtor estimated assets in the range of $0 to $50,000 and $500,001 to $1 million in debt. The Debtor tapped B. Weldon Ponder, Jr., Esq., as counsel. POST PRODUCTION: Taps Lee Sacks as Special Counsel -------------------------------------------------- Post Production, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire the Law Offices of Lee Sacks, APC as special counsel. The firm will represent the Debtor in corporate and business-related matters; assist in negotiations with its landlord; give advice on issues related to intellectual property and employment; and represent the Debtor in a case filed by Noel Chi, LP (Case No. BC704639) in the Los Angeles Superior Court. Sacks will charge these hourly rates: Partners $400 Associate $225 Paralegal $125 Lee Sacks, Esq., principal of the firm and the attorney who will be providing the services, will charge an hourly fee of $400. Mr. Sacks disclosed in a court filing that his firm neither holds nor represents any interest adverse to the Debtor's estate, creditors or equity security holders. About Post Production Inc. Post Production, Inc. -- http://www.postproduction.com/-- is a full-service post production company headquartered in Los Angeles, California. Formerly known as SonicPool, Post Production provides industry professionals with services including editorial, color, visual effects and digital delivery. It also offers post-production rentals and technology products. The company was founded in 2001 by John W. Frost and Patrick Bird. Post Production sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 18-17028) on June 18, 2018. In the petition signed by John Frost, president, the Debtor disclosed $1.45 million in assets and $1 million in liabilities. Judge Vincent P. Zurzolo presides over the case. The Debtor tapped Kogan Law Firm, APC as its legal counsel. PREFERRED CARE: $2M Sale of Interests in Subsidiaries Approved -------------------------------------------------------------- Judge Mark X. Mullin of the U.S. Bankruptcy Court for the Northern District of Texas authorized Preferred Care, Inc., and affiliates to sell all of PCI's equity interest in its two wholly owned subsidiaries, Preferred Care Health Facilities, Inc. and Preferred Care Development Centers, Inc. to Thomas D. Scott or his assigns for $2 million. The Sale Hearings were conducted on July 23 and 30, 2018. The sale is free and clear of all liens, claims, encumbrances and interests. The Closing Date will occur as soon as reasonably possible, given time is of the essence to maximize recovery to PCI's estate. PCI and PC Development Centers are authorized and directed at Closing to tender any and all proceeds from the sales, whether by a cash transfer or otherwise, to Wells Fargo pursuant to the Final Wells Fargo DIP Order and any interim orders granted with respect thereto. Notwithstanding Bankruptcy Rules 6004, 6006, or otherwise, the Order will be effective and enforceable immediately upon entry, and its provisions will be self-executing. To the extent applicable, the stays described in Bankruptcy Rules 6004(h) and 6006(d) are waived. A copy of the Agreement attached to the Order is available for free at: http://bankrupt.com/misc/Preferred_Care_972_Order.pdf About Preferred Care Preferred Care, Inc., is a Delaware corporation that is owned by Mr. Thomas Scott. PCI is a holding company for numerous wholly owned, non-debtor subsidiaries that collectively own four mental health facilities located in Mississippi, a developmental facility in Florida, and a management contract for the operations of a skilled nursing home in Texas. The Debtors, other than PCI, 33 skilled nursing facilities in Kentucky and New Mexico. Their non-debtor affiliates operate an additional 75 skilled nursing facilities in ten additional states. Accordingly, the Debtors and their non-debtor affiliates operate 108 skilled nursing, assisted living and independent living facilities in 12 states (approximately 11,500 beds and 9,300 residents). Preferred Care, Inc., and 33 of its affiliates sought Chapter 11 protection (Bankr. N.D. Tex. Case No. 17-44642) on Nov. 13, 2017. The Debtors' bankruptcy proceedings have been jointly administered under the PCI's bankruptcy case. An official committee of unsecured creditors has been appointed in the Chapter 11 cases. PROPERTY REMODELING: Operating Income to Fund Chapter 11 Plan ------------------------------------------------------------- Property Remodeling Development, LLC, submits a small business disclosure statement in support of its chapter 11 plan. Since July 12, 20012, the Debtor has been in the business of owning and managing the office building located at 400 Patterson drive Charleston WV. The Debtor has no general unsecured creditors at this time. Should any appear they will be classified in Class 3 and will receive a distribution of 5% of their allowed claims, to be distributed rateably to each member of the class over 36 months. The secured claim of Premier Bank in Class 2 will be paid monthly with 6.2% interest over 36 months. Payments and distributions under the Plan will be funded the Debtor's operating income. A full-text copy of the Disclosure Statement is available at: http://bankrupt.com/misc/wvsb2-17-20634-51.pdf About Property Remodeling Development, LLC Property Remodeling Development, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.W. Va. Case No. 17-20634) on December 7, 2017. John H. Wellford III, manager, signed the petition. At the time of the filing, the Debtor disclosed that it had estimated assets of less than $50,000 and liabilities of less than $1 million. Judge Frank W. Volk presides over the case. The Debtor is represented by the Law Office of John Leaberry. QUALITY CONSTRUCTION: Taps Allen & Gooch as Special Counsel ----------------------------------------------------------- Quality Construction & Production, LLC, seeks approval from the U.S. Bankruptcy Court for the Western District of Louisiana to hire Allen & Gooch as special counsel. The firm will advise the company and its affiliates regarding contract and employment law; review contracts; represent the Debtors in collecting accounts receivable; and monitor personal injury and property insurance claims. Cade Evans, Esq., the attorney who will be providing the services, charges an hourly fee of $200. Mr. Evans disclosed in a court filing that his firm does not represent any interest adverse to the Debtor. The firm can be reached through: Cade Evans, Esq. Allen & Gooch 2000 Kaliste Saloom Road, Suite 400 Lafayette, LA 70508 Phone: (337) 291-1000 Fax: (337) 291-1200 About Quality Construction & Production LLC Quality Construction & Production, LLC, and its subsidiaries operate a group of oilfield service companies in the areas of onshore and offshore fabrication, installation, and production operations in Youngsville, Louisiana, and together employ approximately 850 people. The Company's onshore fabrication services include spool piping, production modules, manifolds, deck extensions, and riser guards and clamps. QCP's offshore services include hook-ups, facilities maintenance/upgrades, compressor installations and field welding. Quality Construction was founded by Nathan Granger and Troy Collins in 2001. Quality Construction & Production, LLC, and three affiliates sought Chapter 11 protection (Bankr. W.D. La. Lead Case No. 18-50303) on March 16, 2018. In the petition signed by Nathan Granger, president, Quality Construction estimated $10 million to $50 million in assets and debt. The Hon. Robert Summerhays is the case judge. The Debtors tapped Weinstein & St. Germain, LLC, as their bankruptcy counsel; Elmore Consulting, LLC, as financial consultant; and Donlin, Recano & Company as claims and noticing agent. The Office of the U.S. Trustee for Region 5 appointed an official committee of unsecured creditors on April 23, 2018. The Committee hired H. Kent Aguillard as counsel. RAVENSTAR INVESTMENTS: US Bank Proposes Sale of Reno Property ------------------------------------------------------------- The U.S. Bank National Association, as Trustee, for Structured Adjustable Rate Mortgage Loan Trust, Mortgage Pass-Through Certificates Series 2005-19XS, asks the U.S. Bankruptcy Court for the District of Nevada to (a) authorize the sale of real property located at 6281 Copper Ridge Circle, Reno, Nevada; (b) disallow claim of (i) US Bank, N.A., as Trustee for Structured Adjustable Rate Mortgage Loan Trust, Mortgage Pass-Through Certificates, Series 2005-19XS and/or (ii) Nationstar Mortgage, LLC; and (c) void the Deed of Trust pursuant to 11 U.S.C. Section 506(D), entered Aug. 4, 2017, as amended Aug. 18, 2017. The bankruptcy case of Ravenstar Investments, LLC was filed for the sole purpose of stripping U.S. Bank and other creditors of their legitimate security interests in various properties. In its various motions, the Debtor represented to the Court, without basis and contrary to the holdings of the Nevada Supreme Court, that U.S. Bank can no longer enforce its deed of trust in the Property. Just one week later the Petition Date, on June 25, 2017, the Debtor filed an Objection to U.S. Bank's Claim, a Motion to Avoid U.S. Bank's Deed of Trust with respect to the Property, and a Motion to Sell the Property Free and Clear of All Liens. On July 28, 2017, the Debtor filed a Proof of Service corresponding to each of the Debtor's Motions. According to the Proof of Service, U.S. Bank was purportedly served on July 3, 2017 with the Debtor's Motion via certified mail, return receipt requested, upon its President, Andrew J. Cercere at 101 5th Street East, Suite A, Saint Paul, Minnesota. While Mr. Cercere is an officer and the president of U.S. Bank, the service address was incorrect as Mr. Cercere's office is located at 800 Nicollet Mall, Minneapolis, Minnesota. Furthermore, while there is a U.S. Bank branch located at 101 5th Street East, Saint Paul, Minnesota, there is no location for U.S. Bank located at "Suite A" at this building. U.S. Bank therefore failed to receive proper notice. The docket further shows that the Debtor's Proof of Service was not filed of record until two days after conclusion of the hearing. On Aug. 4, 2017, the Court entered three separate Orders granting each of the Debtor's Motions. The Orders should be set aside because long-established Nevada case law allows for the non-judicial foreclosure of a deed of trust even when an action on a secured debt is otherwise time-barred. The Court should also set aside the Orders because Plaintiff Ravenstar Investment, LLC's Motion to Sell Real Property Free and Clear of Liens Pursuant to 11 U.S.C. Section 363 was not properly served on U.S. Bank as required. The Debtor served U.S. Bank through its President, Andrew J. Cercere, at an incorrect office address. The Orders should furthermore be set aside based on the strong policy underlying the Federal Rules of Civil Procedure that motions should be adjudicated on the merits after consideration of the arguments and evidence by the parties. Finally, although it directly challenged the validity of U.S. Bank's lien, the Debtor did not bring thie challenge as an adversary proceeding as required, but instead proceeded via various motions. For these reasons, the Orders must be set aside in order to allow U.S. Bank the chance to properly defend itself and its lien. Any other result would deprive U.S. Bank of its due process, reward the manipulation of the bankruptcy process, and allow the Debtor to receive a windfall as a result of the same. On April 22, 2006, borrower Hannelore Hoffman executed a Note in favor of Countrywide Home Loans, Inc., in the original principal balance of $580,000. The Note was secured by that certain Deed of Trust dated April 22, 2005, executed by Borrower in favor of Countrywide with regard to the Property, and recorded on April 28, 2005 as Document No. 3205653, Washoe County, Nevada records. On April 29, 2011, an Assignment of Deed of Trust was recorded as Document No. 4045360, Washoe County, Nevada records, whereby all beneficial interest in the Deed of Trust was formally assigned to U.S. Bank, the trustee of the investor Trust which owns the Note. A copy of the DOT and Assignment attached to the Motion is available for free at: http://bankrupt.com/misc/RAVENSTAR_INVESTMENTS_430_Sales.pdf About Ravenstar Investments Ravenstar Investments, LLC, owns fee simple interests in eight properties located in Sun Valley and Reno, Nevada. It posted gross revenue from rental income of $38,960 for 2016 and $45,210 for 2015. Ravenstar Investments sought Chapter 11 protection (Bankr. D. Nev. Case No. 17-50751) on June 15, 2017. It disclosed $2.65 million in assets and $2.59 million in liabilities. RBS GLOBAL: Moody's Hikes Sr. Sec. Rating to Ba1 & Assigns Ba3 CFR ------------------------------------------------------------------ Moody's Investors Service upgraded its debt ratings of RBS Global, Inc.: senior secured to Ba1 from Ba2 and senior unsecured to B1 from B3. Moody's also assigned the following ratings to RBS Global's parent, Rexnord Corporation: Ba3 Corporate Family, Ba3-PD Probability of Default and SGL-1 Speculative Grade Liquidity and withdrew the following ratings from subsidiary, RBS Global, Inc.: B1 Corporate Family, B1-PD Probability of Default and SGL-1 Speculative Grade Liquidity. The rating outlook on Rexnord and on RBS Global is stable. RATINGS RATIONALE The upgrades reflect its expectation of continuing steady operating earnings and cash flows through 2020 and the use of free cash flow for additional debt reduction, or acquisitions, rather than returns to shareholders in this timeframe. Rexnord benefits from a diverse mix of process and motion control (mechanical power transmission components) and water management products (specification-grade commercial plumbing products), with applications across various industrial and construction markets, both in the US and internationally. The company has relatively modest scale within the industries it sells into. Its well-established brands and the importance of the products to customers balance limited organic growth and cyclical end markets. Rexnord has a published target of net debt/EBITDA of 2x (as defined by the company), which equates to about 3.4x debt/EBITDA after Moody's standard adjustments. This metric stood at 3.9x at June 30, 2018, benefitting from the company's reduction of reported debt by almost $600 million since March 31, 2016. Rexnord funded this debt reduction, while also making around $400 million of acquisitions from free cash flow and the issuance of preferred stock in December 2016. Moody's anticipates that leverage will improve modestly from here as this metric nears the company's target. Some of estimated annual free cash flow of at least $150 million in upcoming years are expected to go towards debt repayment, the balance likely to acquisitions. Moody's expects acquisition-driven growth to remain a key element of Rexnord's strategy, but at a measured pace consistent with Rexnord's scale. The stable outlook reflects Moody's expectations of modest top-line and EBITDA growth through 2019, driven by favorable end-market conditions, and stability, if not modest improvement, in credit metrics. Moody's also expects the company to fund future acquisitions mostly with cash. The preferred stock converts to common equity in November 2020, and Moody's does not anticipate any share buybacks to offset the dilution. The SGL-1 Speculative Grade Liquidity rating reflects very good liquidity, supported by expectations of a minimum cash balance of $100 million and minimum annual free cash flow of $150 million. Moody's also expects the $264 million revolver to remain undrawn. The next debt maturity is the revolver in March 2023. Limiting the aggregate of acquisitions and share repurchases to below free cash flow is a precursor to a ratings upgrade. The ratings could be upgraded if debt/EBITDA approaches 3x and FCF-to-debt is sustained above 12%, and the company steadily increases profits and scale in its core business. The ratings could be downgraded if debt/EBITDA approaches 4.5x, whether from weaker operating results or debt-funding of acquisitions or returns to shareholders. Margin deterioration, free cash flow that is less than 5% of debt, a cash balance that approaches $100 million or returns on acquisitions that pressure margins could also lead to a downgrade. The principal methodology used in these ratings was Global Manufacturing Companies published in June 2017. The following rating actions were taken: Upgrades: Issuer: RBS Global, Inc. Senior Secured Bank Credit Facility, Upgraded to Ba1 (LGD2) from Ba2 (LGD2) Senior Unsecured Regular Bond/Debenture, Upgraded to B1 (LGD5) from B3 (LGD5) Assignments: Issuer: Rexnord Corporation Probability of Default Rating, Assigned Ba3-PD Speculative Grade Liquidity Rating, Assigned SGL-1 Corporate Family Rating, Assigned Ba3 Outlook Actions: Issuer: RBS Global, Inc. Outlook, Remains Stable Issuer: Rexnord Corporation Outlook, Assigned Stable Withdrawals: Issuer: RBS Global, Inc. Probability of Default Rating, Withdrawn, previously rated B1-PD Speculative Grade Liquidity Rating, Withdrawn, previously rated SGL-1 Corporate Family Rating, Withdrawn, previously rated B1 Rexnord Corporation, headquartered in Milwaukee, WI, is publicly traded and is the holding company of RBS Global, Inc. and Rexnord LLC. It is an industrial company comprised of two business segments: Process and Motion Control (PMC) (about 60% of revenues) and Water Management (WM) (about 40% of revenues). The PMC platform designs, manufactures, markets and services a portfolio of motion control products, shaft management products, aerospace components, and related value-added services. The WM platform designs, procures, manufactures, and markets products that provide and enhance water quality, safety, flow control and conservation. Rexnord Corporation employs over 8000 people and had revenues approximating $2.1 billion for the LTM period ending June 30, 2018. RELATIVITY MEDIA: Taps Willkie Farr as Counsel in Netflix Matters ----------------------------------------------------------------- Relativity Media LLC, et al., sought and obtained permission from the Bankruptcy Court to employ Willkie Farr & Gallagher LLP as special litigation counsel in the "Netflix matters" nunc pro tunc to July 6, 2018. The Netflix matters refer to (a) the adversary proceeding filed by Netflix, Inc. against the Debtors, (b) the pending motion to assume certain agreements with Netflix, or (c) any additional matters in which the Debtors are directly adverse to Netflix. The Debtors sought to sell substantially all of their assets to either UltraV Holdings LLC or another party. In connection with the Sale Motion, the Debtors moved in May 2018 to assume a License Agreement for Internet Transmission between Netflix, Inc. and RML Distribution Domestic, LLC (as successor-in-interest to Relativity Media, LLC) dated June 1, 2010, and other related agreements (collectively, the "Netflix Agreements"). Subsequently, in June 2018, Netflix filed its Adversary Complaint for Declaratory Judgment against the Debtors, seeking a binding determination of the Debtors' liability for breaches under the Netflix Agreements (Adv. Case No. 18-01552, the "Netflix Litigation"). Netflix alleged that the Debtors have breached the Netflix Agreements by exhibiting certain films on competitors' subscription services and failing to provide the required number of new films, and by which Netflix seeks compensatory damages in excess of $70 million. Willkie's engagement is not for the purpose of representing the Debtors generally in the Chapter 11 cases. Winston & Strawn LLP is the Debtors' general bankruptcy counsel. The Willkie attorneys leading the engagement are John C. Longmire and Antonio Yanez, Jr. They will be assisted by other attorneys as needed to staff the case effectively and efficiently. Willkie will bill at its standard hourly rates, which currently are: $1,015 to $1,500 for partners and counsel; $525 to $995 for associates, other attorneys and law clerks; and $240 to $395 for paralegals. Willkie will also be reimbursed for expenses incurred in connection with its representation of the Debtors. To the best of the Debtors' knowledge, Willkie Farr does not hold nor represent any interest adverse to the Debtors on any matters in which the firm is to be engaged. In accordance with Appendix B-Guidelines for reviewing fee applications filed by attorneys in larger Chapter 11 cases, Willkie disclosed that (i) it has not agreed to any variations from, or alternatives to, its standard or customary billing arrangements for the engagement; (ii) none of the professionals included in the engagement vary their rate based on the geographic location of the bankruptcy case; (iii) it has not represented the Debtors in the previous 12 months; and that (iv) the Debtors have approved a budget and staffing plan for the period of July 6, 2018 through August 31, 2018. The Firm can be reached at: John C. Longmire, Esq. WILLKIE FARR & GALLAGHER LLP 787 Seventh Avenue New York, New York 10019 Tel No: 212-728-8574 Email: jlongmire@willkie.com About Relativity Media Relativity -- http://relativitymedia.com/-- is a global media company engaged in multiple aspects of content production and distribution, including movies, television, sports, digital and music. Relativity Studios, the company's largest division, has produced, distributed or structured financing for more than 200 motion pictures, generating more than $17 billion in worldwide box-office revenue and earning 60 Oscar nominations. Relativity's films include Oculus, Safe Haven, Act of Valor, Immortals, Limitless, and The Fighter. Relativity Media LLC and its affiliates, including Relativity Fashion, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 15-11989) on July 30, 2015. The case is assigned to Judge Michael E. Wiles. An investor group composed of Anchorage Capital Group, L.L.C., Falcon Investment Advisors, LLC and Luxor Capital Group, LP on Oct. 21, 2015, completed its purchase of the assets of Relativity Television. After selling their TV business, the Debtors and CEO Ryan C. Kavanaugh filed a plan of reorganization that contemplated reorganizing the Debtors' non-TV business units with a substantially de-levered balance sheet utilizing new equity investments and new financing. The Court on Feb. 8, 2016, confirmed the Debtors' Fourth Amended Plan. Relativity Media and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 18-11358) on May 3, 2018. This is the company's second trip to Chapter 11. In the 2018 petition signed by CRO Colin M. Adams, Relativity Media estimated assets of $100 million to $500 million and liabilities of $500 million to $1 billion. Judge Michael E. Wiles presides over the cases. In the 2015 cases, the Debtors tapped Sheppard Mullin Richter & Hampton LLP, and Jones Day as counsel; FTI Consulting, Inc., as crisis and turnaround management services provider; Blackstone Advisory Partners L.P. as investment; and Donlin, Recano & Company, Inc., as claims and noticing agent. In the 2018 cases, the Debtors tapped Winston & Strawn LLP as their legal counsel; M-III Partners, LP as restructuring advisor; and Prime Clerk LLC as noticing and claims consultant. On May 18, 2018, the Office of the United States Trustee appointed an official committee of unsecured creditors. The Committee selected Robins Kaplan LLP to serve as counsel and Duff & Phelps Securities, LLC as financial advisor. * * * In the 2018 cases, Netflix, Inc., has a pending request before the Court for the appointment of a trustee to manage the operations of the Debtors. SAMUEL WYLY: DAG's Auction Sale of Additional Paintings Approved ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Texas authorized Samuel Evans Wyly's amended second supplemental bid to sell his additional paintings at one or more auctions to be conducted by Dallas Auction Gallery under the Consignment Agreement, in accordance with the terms and procedures set forth in the First Auction Order. The sale is free and clear of all Interests, if any, with any such Interest to attach to the net proceeds of the sale of the additional Debtor-owned paintings and/or the Potential Sale Items, as applicable. On or before the twenty-first business day after any Auction at which any of the additional paintings or the potential sale items are sold, DAG will collect the proceeds from the sale of such painting(s) from the buyer and will remit to the Debtor the sale proceeds that it has actually collected and received from such painting(s) after deducting its fees. Within seven days after receipt by the Debtor of full and final payment of the net sale proceeds from DAG, the Debtor will file a Notice of Sale with the Court detailing whether any of the additional paintings or the potential sale items was sold and the net proceeds received by the estate. The net sale proceeds received from the sale will be deposited in the Debtor's DIP bank account pending further order of the Court. The stay under Bankruptcy Rule 6004(h) is waived; accordingly, the terms of the Order will take effect and be enforceable immediately. About Sam Wyly Samuel Wyly is a lifelong entrepreneur and author. His first book, 1,000 Dollars & An Idea, is a biography that tells his story of creating and building companies, including University Computing, Michaels Arts & Crafts, Sterling Software, and Bonanza Steakhouse. His second book, Texas Got It Right!, co-authored with his son, Andrew, was gifted to roughly 450,000 students and teachers, thought leaders, and readers, and continues to be a best-seller in its Amazon category. In September 2014, a federal judge ordered Mr. Wyly and the estate of his deceased brother to pay more than $300 million in sanctions after they were found guilty of committing civil fraud to hide stock sales and nab millions of dollars in profits. Samuel Wyly filed for Chapter 11 bankruptcy protection (Bankr. N.D. Tex. Case No. 14-35043) on Oct. 19, 2014, weeks after a judge ordered him to pay several hundred million dollars in a civil fraud case. On Oct. 23, 2014, Dee Wyly filed her voluntary petition for relief under chapter 11 of the Bankruptcy Code, thereby initiating her bankruptcy case. On Nov. 10, 2014, the Court ordered "the procedural consolidation and joint administration of the chapter 11 cases of Samuel E. Wyly and Caroline D. Wyly [under] Case No. 14-35043." On Dec. 2, 2014, the Court entered an order appointing an official committee of unsecured creditors in Sam's Case. On Nov. 23, 2016, the Court converted Dee's Case to a case under chapter 7 of the Bankruptcy Code and terminated the joint administration of the bankruptcy cases. Robert Yaquinto, Jr., was subsequently appointed as the chapter 7 trustee to administer Dee Wyly's bankruptcy estate. On March 3, 2015, the Court appointed Dallas Auction Gallery as the Debtor's Broker and Auctioneer. SAMUELS JEWELERS: Consulting Agreement with Hilco Approved ---------------------------------------------------------- Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware has entered an interim order authorized Samuels Jewelers, Inc. (i) to operate under its Consulting Agreement dated as of Feb. 4, 2015 with a contractual joint venture comprised of Gordon Brothers Retail Partners and Hilco Merchant Resources, LLC; and (b) to conduct store closing or similar themed sales in accordance with the terms or the store closing sale guidelines (the "Sale Guidelines"). The sales are free and clear of all Encumbrances. Notwithstanding anything contrary in the Order, the liens of Wells Fargo Bank, National Association and GB Credit Partners, LLC, will attach to the proceeds of the sales. On Sept. 13, 2018, at 9:30 a.m. (ET), the Final Hearing will be held to consider the Inventory Sale Relief requested in the Motion, on a final basis. The objection deadline is Sept. 6, 2018 at 4:00 p.m. (ET). Notwithstanding Bankruptcy Rule 6004(h), the Interim Order will take effect immediately upon its entry. The Consulting Agreement is assumed on an interim basis pending entry of a final order. The Debtor is authorized, on an interim basis pending the Final Hearing, to immediately begin and conduct Inventory Sales at the Stores in accordance with the Interim Order, the Sale Guidelines, the Consulting Agreement and any Side Letter. The Sale Guidelines are approved in their entirety on an interim basis. The Debtor is authorized to discontinue operations at the Stores in accordance with the Interim Order and the Sale Guidelines. Except as expressly provided in the Consulting Agreement, the sale of the Merchandise and Offered FF&E will be conducted by the Debtor and the Consultant notwithstanding any restrictive provision of any lease, sublease or other agreement relative to occupancy affecting or purporting to restrict the conduct of the Inventory Sales, the rejection of leases, abandonment of assets, or "going dark" provisions. The Consultant and landlords of the Stores are authorized to enter into agreements between themselves modifying the Sale Guidelines without further order of the Court, and such Side Letters will be binding as among the Consultant and any such landlords. Until Sept. 21, 2018, the Consultant will accept the Debtor's validly-issued gift certificates and gift cards that were issued by the Debtor prior to the Sale Commencement Date in accordance with the Debtor's gift certificate and gift card policies and procedures, as such policies and procedures existed on the Petition Date, and accept returns of merchandise sold by the Debtor prior to the Sale Commencement Date. All sales of Sale Assets will be "as is" and final. To the extent that the Debtor proposes to sell or abandon Offered FF&E which may contain personal and/or confidential information about the Debtor's employees and/or customers, the Debtor will remove the Confidential Information from such items of Offered FF&E before such sale or abandonment. The Debtor and/or the Consultant (as the case may be) are authorized and empowered to transfer Merchandise and Offered FF&E among the Stores. The Consultant is authorized to sell the Debtor's Offered FF&E and abandon the same, in each case, as provided for and in accordance with the terms of the Consulting Agreement. Pursuant to Bankruptcy Code section 364(d), the Debtor's payment obligations to the Consultant under the Consulting Agreement on account of the Cost of Goods Sold for Additional Consultant Goods sold in the Inventory Sales and the Base Fee will be secured by (and the Debtor grants to the Consultant) a first priority security interest in and lien on the Segregated Account and all funds on deposit therein. If and to the extent the Debtor fails to pay Consultant all or any portion of the Store Incentive Fee and it is determined that GBFC received any Gross Direct Merchandise Proceeds, Gross Wholesale Merchandise Proceeds, or Gross Other Asset Proceeds prior to payment of such Store Incentive Fee to Consultant, GBFC shall, within two business days of the Consultant's request, pay to Consultant such unpaid amount, but only to the extent of such proceeds received. Subject to the entry of a Final Order, the Debtor's payment obligations to the Consultant under the Consulting Agreement on account of the Incentive Fees or any other amounts payable thereunder will be secured by (and the Debtor grants to the Consultant) a third priority security interest in and lien on all assets of the Debtor, junior and subordinate only to the liens of the Lenders. During the Inventory Sales, the Consultant is authorized on an interim basis to supplement the Merchandise in the Inventory Sales with goods of like kind and quality as customarily sold in the Stores. The Sales of Additional Consultant Goods will be run through the Debtor's cash register systems. Additional Consultant Goods will be consigned to the Debtor as a true consignment under Article 9 of the UCC. The Debtor will have the authority, but not the obligation, to pay store closing bonuses to store-level and certain field employees who remain in the employ of the Debtor during the Inventory Sales and who, for the avoidance of doubt, are non-insiders. The Debtor will have the authority to determine the individual amounts of each Store Closing Bonus, except that the total aggregate cost of the Store Closing Bonus program will not exceed 10% of the base payroll, including taxes and typical benefits, for all employees working at the Stores. To the extent the Debtor is subject to any state "fast pay" laws in connection with the Inventory Sales, the Debtor will be presumed to be in compliance with such laws to the extent, in applicable states, such payroll payments are made by the later of: (a) the Debtor's next regularly scheduled payroll; and (b) seven calendar days following the termination date of the relevant employee, and in all such cases consistent with, and subject to, any previous orders of the Court regarding payment of same. A copy of the Consulting Agreement attached to the Order is available for free at: http://bankrupt.com/misc/Samuels_Jewelers_83_Order.pdf 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. SARAR US: Committee Taps Kelley Drye as Legal Counsel ----------------------------------------------------- The official committee of unsecured creditors of Sarar USA, Inc., seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Kelley Drye & Warren LLP as its legal counsel. The firm will advise the committee regarding its duties under the Bankruptcy Code; assist in its consultations with the Debtor; represent the committee in negotiations; assist in the preparation of a bankruptcy plan; and provide other legal services related to the Debtor's Chapter 11 case. The firm will charge these hourly rates: Partners $600 to $1,000 Counsel $680 to $750 Associates $400 to $670 Paraprofessionals $265 to $280 James Carr, Esq., at Kelley Drye, disclosed in a court filing that he and his firm are "disinterested" as defined in Section 101(14) of the Bankruptcy Code. Kelley Drye can be reached through: James S. Carr, Esq. Kristin S. Elliott, Esq. Kelley Drye & Warren LLP 101 Park Avenue New York, New York 10178 Telephone: 212-808-7800 E-mail: jcarr@kelleydrye.com E-mail: kelliott@kelleydrye.com About Sarar USA Inc. Sarar USA, Inc. -- https://www.sararonline.com/ -- is a retailer of high-end men's apparel selling suits, tuxedos, shirts, jackets, trousers, shoes, polo shirts, outerwear, knitwear and accessories. The company is an affiliate of a company based in EskiSehir, Turkey. Sarar USA was founded in 2001 and is headquartered in Little Falls, New Jersey. Sarar USA, Inc., d/b/a Sarar USA, sought Chapter 11 protection (Bankr. D.N.J. Lead Case No. 18-24538) on July 20, 2018. Hon. John K. Sherwood is the case judge. In the petition signed by CEO Emre Duru, Sarar USA estimated assets of $1 million to $10 million and liabilities of $10 million to $50 million. The Debtor tapped Schuyler G. Carroll, Esq., and Jeffrey Vanacore, Esq., of Perkins Coie LLP as counsel. Prime Clerk LLC acts is the Debtor's claims agent. The Office of the U.S. Trustee appointed an official committee of unsecured creditors in the Debtor's Chapter 11 case. SASCO HILL BRANDS: Taps Platzer, Swergold, Levine as Counsel ------------------------------------------------------------ Sasco Hill Brands LLC and Ghurka Brands Holdings LLC seek authority from the U.S. Bankruptcy Court for the Southern District of New York to hire Platzer, Swergold, Levine, Goldberg, Katz & Jaslow, LLP, as their counsel. Professional services required of Platzer are: a. assist and advise the Debtors regarding the administration of these cases; b. represent the Debtors before the Court and advise the Debtors of pending litigation, hearings, motions, and of the decisions of the Court; c. assist and analyze all applications, orders and motions filed with the Court by third parties in this case and advise the Debtors of their propriety; d. attend all hearings conducted pursuant to Sec. 341(a) of the Bankruptcy Code and represent the Debtors at all examinations; e. communicate with creditors; f. assist the Debtors in preparing applications, motions, and orders in support of positions taken by the Debtors, as well as prepare witnesses and review documents in this regard; g. confer with any accountants and consultants retained by the Debtors and/or any other party-in-interest; h. assist the Debtors in their negotiations with creditors or third parties concerning the terms of any proposed plan(s) of reorganization; i. prepare and draft plan(s) of reorganization and disclosure statement(s); and, j. assist the Debtors in performing such other services as may be in the interest of the Debtors and perform all other services required by the Debtors. Platzer will charge the Debtors for its legal services on an hourly basis. The attorneys' that are expected to be handling this matter are: Clifford A. Katz $610 Andrew S. Muller $545 Teresa Sadutto-Carley $445 Paralegals $210 Clifford A. Katz, member of the law firm of Platzer, Swergold, Levine, Goldberg, Katz & Jaslow, attests that he and his firm are "disinterested persons" as such term is defined by Sec. 101(14) of the Bankruptcy Code. The counsel can be reached through: Clifford A. Katz, Esq. PLATZER, SWERGOLD, LEVINE, GOLDBERG, KATZ & JASLOW, LLP 475 Park Avenue South, 18th Floor New York, NY 10016 Phone: (212) 593-3000 Fax: (212) 593-0353 E-mail: ckatz@platzerlaw.com About Sasco Hill Brands Under the name "Ghurka," Sasco Hill Brands, LLC, designs and manufactures handmade leather briefcases, bags, gifts and travel products, and accessories. Sasco sells its Products through its proprietary online website and through a select number of wholesale retailers. Ghurka is a holding company, being the sole member of Sasco, and owns, through another non-debtor subsidiary, Ursa Minor, B.V., certain intellectual property utilized by Sasco in the production and sale of its Products. Sasco Hill Brands sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 18-11780) on June 12, 2018, estimating $1 million to $10 million in assets and liabilities. Ghurka Brands Holdings filed a separate Chapter 11 petition (Bankr. S.D.N.Y. Case No. 18-11780) on the same day. The cases are jointly administered before Judge Martin Glenn. Clifford A. Katz, Esq. at Platzer, Swergold, Levine, Goldberg, Katz & Jaslow, LLP, is the Debtor's counsel. SDA INC: Taps Wisdom Professional as Accountant ----------------------------------------------- SDA, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire an accountant. The Debtor proposes to employ Wisdom Professional Services, Inc., to prepare its monthly operating reports; review bank statements and other financial documents; and provide consulting services. WPS will charge an hourly fee of $300. The firm received an initial retainer of $500. Michael Shtarkman, a certified public accountant employed with WPS, 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: Michael Shtarkman Wisdom Professional Services, Inc. 2546 East 17th Street, 2nd Floor Brooklyn, NY 11235 About SDA Inc. SDA, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 18-74695) on July 12, 2018. At the time of the filing, the Debtor estimated assets of less than $100,000 and liabilities of less than $1 million. The Debtor is represented by: Alla Kachan, Esq. Law Offices of Alla Kachan, P.C. 3099 Coney Island Avenue, 3rd Floor Brooklyn, NY 11235 Phone: (718) 513-3145 Email: alla@kachanlaw.com SENIOR CARE: Sept. 25-27 Auction Set for Brookside Facility ----------------------------------------------------------- The Skilled Nursing Facility (Property Number DG1069) in Madill, Oklahoma, has been put up for auction. The property location is at: 310 Brookside Dr Madill, OK 73446 Description -- Skilled Nursing Facility, Madill, OK -- Will Sell to Highest Bidder - Subject to Bankruptcy Court Approval -- Operating, licensed 140-bed nursing home -- High income potential -- 35,825± sf on 5.1± ac site -- Less than a mile from hospital -- Approximately 37% occupancy -- Broad range of services offered (see brochure in Property Information Package) -- County: Marshall, Tax ID: 0699-34-05S-05E-0-019-00 See BrooksideCare.com for more info Sealed Bids Due 101 E. Silver Springs Blvd. Suite 304 Ocala, FL 34470 Preview / Property Tour Sept. 13 from 2-4 pm CT Sept. 14 from 2-4 pm CT Contact: Tranzon Driggers Justin McQuary, AARE, AMM Tel: 877-374-4437 Email: jmcquary@tranzon.com For more information please visit https://www.tranzon.com/DG1069 About Senior Care Group Senior Care Group, Inc., is a non-profit corporation which, through its wholly-owned subsidiaries, provides residents and patients with nursing and long-term health care services. Senior Care Group and its six affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 17-06562) on July 27, 2017. In the petition signed by David R. Vaughan, chairman of the Board, Senior Care Group estimated asset and liabilities of $1 million to $10 million. Judge Catherine Peek Mcewen presides over the cases. Stichter Riedel Blain & Postler, P.A., is the Debtors' bankruptcy counsel. The Debtors hired Akerman LLP as their special healthcare counsel. The U.S. Trustee for Region 21 appointed Mary L. Peebles as the patient care ombudsman for Key West Health and Rehabilitation Center LLC, SCG Baywood LLC, SCG Gracewood LLC, and SCG Laurellwood, LLC. On Aug. 18, 2017, the U.S. trustee appointed an official committee of unsecured creditors. The Committee hired Stevens & Lee, P.C., as its bankruptcy counsel; and Trenam, Kemker, Scharf, Barkin, Frye, O'Neill & Mullis, P.A., as co-counsel. On Aug. 17, 2017, the Debtors hired Holliday Fenoglio Fowler, LP, as broker. SENIOR CARE: Sept. 25-27 Auction Set for Four Seasons Facility -------------------------------------------------------------- The Skilled Nursing Facility & Rehab Center (Property Number DG1068) in Durant, Oklahoma, has been put up for auction. The property location is at: 1212 Four Seasons Dr Durant, OK 74701 Description -- Skilled Nursing Facility, Durant, OK -- Will Sell to Highest Bidder - Subject to Bankruptcy Court Approval -- Operating, licensed 122-bed nursing home -- High income potential -- 29,189± sf on 4.3± ac site -- Less than a mile from hospital -- Approximately 59% occupancy -- Broad range of services offered (see brochure in Property Information Package) -- County: Bryan, Tax IDs: A090-00-001-001-0-000-00, A399-29-06S-09E-2-012-02 See FourSeasonsOK.com for more info Sealed Bids Due 101 E. Silver Springs Blvd. Suite 304 Ocala, FL 34470 Preview / Property Tour Sept. 13 from 11 am-1 pm Sept. 14 from 11 am-1 pm Contact: Tranzon Driggers Justin McQuary, AARE, AMM Tel: 877-374-4437 Email: jmcquary@tranzon.com For more information visit https://www.tranzon.com/DG1068 About Senior Care Group Senior Care Group, Inc., is a non-profit corporation which, through its wholly-owned subsidiaries, provides residents and patients with nursing and long-term health care services. Senior Care Group and its six affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 17-06562) on July 27, 2017. In the petition signed by David R. Vaughan, chairman of the Board, Senior Care Group estimated asset and liabilities of $1 million to $10 million. Judge Catherine Peek Mcewen presides over the cases. Stichter Riedel Blain & Postler, P.A., is the Debtors' bankruptcy counsel. The Debtors hired Akerman LLP as their special healthcare counsel. The U.S. Trustee for Region 21 appointed Mary L. Peebles as the patient care ombudsman for Key West Health and Rehabilitation Center LLC, SCG Baywood LLC, SCG Gracewood LLC, and SCG Laurellwood, LLC. On Aug. 18, 2017, the U.S. trustee appointed an official committee of unsecured creditors. The Committee hired Stevens & Lee, P.C., as its bankruptcy counsel; and Trenam, Kemker, Scharf, Barkin, Frye, O'Neill & Mullis, P.A., as co-counsel. On Aug. 17, 2017, the Debtors hired Holliday Fenoglio Fowler, LP, as broker. SENIOR CARE: Sept. 25-27 Auction Set for Oak Ridge Facility ----------------------------------------------------------- The Skilled Nursing Facility & Rehab Center (Property Number DG1067) in Durant, Oklahoma, has been put up for auction. The property location is at: 1100 Oak Ridge Dr Durant, OK 74701 Description -- Will Sell to Highest Bidder - Subject to Bankruptcy Court Approval -- Operating, licensed 104-bed nursing home -- High income potential -- 23,964± sf on 3± ac site -- Less than a mile from hospital -- Approximately 59% occupancy -- Rehabilitation center provides additional source of income Broad range of services offered (see brochure in Property Information Package) -- County: Bryan, Tax IDs: A215-00-002-001-0-000-00, A399-29-06S-09E-2-018-00, A399-29-06S-09E-2-022-05, A399-29-06S-09E-2-022-04 See OakRidgeCare.com for more info. Sealed Bids Due 101 E. Silver Springs Blvd. Suite 304 Ocala, FL 34470 Preview / Property Tour Sept. 13 from 9-11 am CT Sept. 14 from 9-11 am CT Best and final online auction will be conducted Sept. 25-27, 2018. Contact: Tranzon Driggers Justin McQuary, AARE, AMM Tel: 877-374-4437 Email: jmcquary@tranzon.com For more information visit https://www.tranzon.com/DG1067 About Senior Care Group Senior Care Group, Inc., is a non-profit corporation which, through its wholly-owned subsidiaries, provides residents and patients with nursing and long-term health care services. Senior Care Group and its six affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 17-06562) on July 27, 2017. In the petition signed by David R. Vaughan, chairman of the Board, Senior Care Group estimated asset and liabilities of $1 million to $10 million. Judge Catherine Peek Mcewen presides over the cases. Stichter Riedel Blain & Postler, P.A., is the Debtors' bankruptcy counsel. The Debtors hired Akerman LLP as their special healthcare counsel. The U.S. Trustee for Region 21 appointed Mary L. Peebles as the patient care ombudsman for Key West Health and Rehabilitation Center LLC, SCG Baywood LLC, SCG Gracewood LLC, and SCG Laurellwood, LLC. On Aug. 18, 2017, the U.S. trustee appointed an official committee of unsecured creditors. The Committee hired Stevens & Lee, P.C., as its bankruptcy counsel; and Trenam, Kemker, Scharf, Barkin, Frye, O'Neill & Mullis, P.A., as co-counsel. On Aug. 17, 2017, the Debtors hired Holliday Fenoglio Fowler, LP, as broker. SKEFCO PROPERTIES: Kelley Buying Memphis Properties for $2.5M ------------------------------------------------------------- Skefco Properties, Inc. asks the U.S. Bankruptcy Court for the Western District of Tennessee to authorize the sale of the adjacent real properties located at 137-143 Madison Ave. and 6 South Second St., Memphis, Tennessee, to Kevin Kelley or assigns for $2.45 million. The Debtor is the owner of properties. It has obtained a contract for the sale of said properties to Kevin Kelley for the total sum of $2,450,000 but with a credit to said buyer for building repairs in the amount of $500,000 so that Debtor will gross approximately $1,950,000 before payment of the mortgage and closing expenses. The parties have entered into a single contract covering both properties. Pursuant to 11 U.S.C. Section 363(0), after notice and hearing, the chapter 11 Debtor may sell real property if it is in the regular course of business but the parties to said contract request court authorization. Other than the 60-day inspection or due diligence period, there are no contingencies. According to the Disclosure statement the fair value of the property located at 137-143 Madison Ave. is t $1 .75M and has alien on it in favor the Valsamis Estate in the approximate amount of $.5M. The 6 South Second St. property is valued at $750,000 in the Disclosure Statement but said value does not reflect the amount of damages and cost of repair to said property. There is no lien on said property. It is in the best interest of the Debtor to sell said properties as a secured creditor will be paid and the estate could realize a significant stun for distribution to unsecured creditors. A copy of the Purchase Agreement attached to the Motion is available for free at: http://bankrupt.com/misc/Skefco_Properties_104_Sales.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. SMGR LLC: Taps Buddy D. Ford as Legal Counsel --------------------------------------------- SMGR, LLC, seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Buddy D. Ford, P.A. as its legal counsel. The firm will advise the Debtor regarding its duties under the Bankruptcy Code; represent the Debtor in negotiation with its creditors 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: Buddy Ford, Esq. $425 Senior Associates $375 Junior Associates $300 Senior Paralegals $150 Junior Paralegals $100 Prior to the Petition Date, Govin Rajan, the Debtor's manager and member, paid the firm an advance fee of $50,000 from his personal funds. Ford does not represent any interest adverse to the Debtor and its estate, according to court filings. The firm can be reached through: Buddy D. Ford, Esq. Buddy D. Ford, P.A. 9301 West Hillsborough Avenue Tampa, FL 33615-3008 Tel: 813-877-4669 Fax: 813-877-5543 E-mail: Buddy@TampaEsq.com E-mail: All@tampaesq.com About SMGR LLC SMGR, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-06846) on Aug. 16, 2018. In the petition signed by Sean Murphy, managing member, the Debtor estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. SPRINGS BUILDING: Taps Michael F. Bohn as Legal Counsel ------------------------------------------------------- The Springs Building, LLC seeks approval from the U.S. Bankruptcy Court for the District of Nevada to hire The Law Offices of Michael F. Bohn, Esq., Ltd., as its legal counsel. The firm will advise the Debtor regarding its duties under the Bankruptcy Code; assist in the preparation of a plan of reorganization; prosecute claims of the bankruptcy estate; and provide other legal services related to its Chapter 11 case. The firm charges an hourly fee of $350 for the services of its attorneys. Paralegals charge $150 per hour. Bohn received a retainer of $5,000 from Ronald Robinson, the Debtor's managing member. The firm's attorneys are "disinterested persons" as defined in section 101(14) of the Bankruptcy Code, according to court filings. Bohn can be reached through: Michael F. Bohn, Esq. Nikoll Nikci, Esq. The Law Offices of Michael F. Bohn, Esq., Ltd. 2260 Corporate Circle, Suite 480 Henderson, NV 89074 Phone: (702) 642-3113 Fax: (702) 642-9766 Email: mbohn@bohnlawfirm.com Email: nnikci@bohnlawfirm.com About The Springs Building The Springs Building, LLC, based in Las Vegas, NV, filed a Chapter 11 petition (Bankr. D. Nev. Case No. 18-12320) on April 25, 2018. The Hon. Laurel E. Babero presides over the case. In the petition signed by Ronald J. Robinson, managing member, as trustee of The Scotsman Trust, the Debtor estimated $0 to $50,000 in assets and $1 million to $10 million in liabilities. STERLING ENTERTAINMENT: Taps Brownstein Hyatt as New Legal Counsel ------------------------------------------------------------------ Sterling Entertainment Group LV, LLC, seeks approval from the U.S. Bankruptcy Court for the District of Nevada to hire Brownstein Hyatt Farber Schreck, LLP, as its new legal counsel. The Debtor had initially employed Schwartz Flansburg PLLC as its legal counsel in connection with its Chapter 11 case. On July 16, the firm merged with Brownstein. The services to be provided by Brownstein include advising the Debtor regarding its duties under the Bankruptcy Code; negotiating with creditors; assisting the Debtor in any potential sale of its assets; and preparing a plan of reorganization. The hourly rates range from $295 to $770 for attorneys and $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 Email: saschwartz@bhfs.com Email: blindsey@bhfs.com Email: cshea@bhfs.com About Sterling Entertainment Group Sterling Entertainment Group LV, LLC owns Olympic Garden Gentlemen's Club located at 1531 Las Vegas Boulevard, Las Vegas, Nevada 89104 as well as the real property associated with it. The Club is currently not operational and does not generate any cash flow for the Company. Sterling Entertainment also owns a commercial space located at 1507 Las Vegas Boulevard South, Las Vegas, Nevada 89104 and rents it to a commercial tenant. The Company previously sought bankruptcy protection on July 6, 2017 (Bankr. D. Nev. Case No. 17-13662). Sterling Entertainment, based in Los Angeles, California, filed a Chapter 11 petition (Bankr. D. Nev. Case No. 18-11484) on March 20, 2018. In the petition signed by Amadouba Tall, trustee of the Salahadin Family Trust, the Debtor estimated $10 million to $50 million in assets and $1 million to $10 million in liabilities. The Hon. Laurel E. Davis presides over the case. Samuel A. Schwartz, Esq., at Schwartz Flansburg PLLC, serves as bankruptcy counsel. STERLING ENTERTAINMENT: Taps Keith Harper as Real Estate Appraiser ------------------------------------------------------------------ Sterling Entertainment Group LV, LLC, is seeking authority from the Bankruptcy Court to hire Keith Harper, MAI as an appraiser nunc pro tunc to April 20, 2018. The Debtor needs Keith Harper to determine the appropriate appraised value of the Debtor's real properties located at 1531 Las Vegas Boulevard South, Las Vegas, Nevada (the Club Property) and 1507 Las Vegas Boulevard South, Las Vegas, Nevada (the Boston Pizza Property). Mr. Harper is a certified real estate appraiser in Nevada and is the principal of Harper Appraisal Inc. dba Valuation Consultants. The Debtor proposes to compensate Mr. Harper at his customary rates for services rendered. To the best of the Debtor's knowledge, neither Mr. Harper nor any member of Valuation Consultants holds nor represents any interest materially adverse to the Debtor's estate, and that Mr. Harper is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. About Sterling Entertainment Group Sterling Entertainment Group LV, LLC owns Olympic Garden Gentlemen's Club located at 1531 Las Vegas Boulevard, Las Vegas, Nevada 89104 as well as the real property associated with it. The Club is currently not operational and does not generate any cash flow for the Company. Sterling Entertainment also owns a commercial space located at 1507 Las Vegas Boulevard South, Las Vegas, Nevada 89104 and rents it to a commercial tenant. The Company previously sought bankruptcy protection on July 6, 2017 (Bankr. D. Nev. Case No. 17-13662). Sterling Entertainment Group LV, LLC, based in Los Angeles, CA, filed a Chapter 11 petition (Bankr. D. Nev. Case No. 18-11484) on March 20, 2018. In the petition signed by Amadouba Tall, trustee of the Salahadin Family Trust, the Debtor estimated $10 million to $50 million in assets and $1 million to $10 million in liabilities. The Hon. Laurel E. Davis presides over the case. Samuel A. Schwartz, Esq., at Schwartz Flansburg PLLC, serves as bankruptcy counsel. SUPERCLEAN ENTERPRISES: Taps Bond Law Office as Legal Counsel ------------------------------------------------------------- Superclean Enterprises, Inc., seeks approval from the U.S. Bankruptcy Court for the Western District of Arkansas to hire Bond Law Office as its legal counsel. The firm will advise the Debtor regarding its duties under the Bankruptcy Code and will provide other legal services related to its Chapter 11 case. The firm will charge these hourly rates: Stanley Bond, Esq. $300 Emily Henson, Esq. $250 Paraprofessional $100 Before the Petition Date, Bond Law Office received from the Debtor a retainer fee of $5,783, plus $1,717 for the filing fee. Stanley Bond, Esq., at Bond Law Office, disclosed in a court filing that the firm and its attorneys are "disinterested" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Stanley V. Bond, Esq. Emily J. Henson, Esq. P.O. Box 1893 Fayetteville, AR 72702-1893 (V) 479.444.0255 (F) 479.235.2827 E-mail: attybond@me.com E-mail: ehenson.attybond@icloud.com About Superclean Enterprises Superclean Enterprises, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Ark. Case No. 18-72176) on August 16, 2018. At the time of the filing, the Debtor estimated assets of less than $500,000 and liabilities of less than $500,000. THREE CHIEFS: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------- Debtor: Three Chiefs and No Indians, LLC dba American Sample Service dba American Sample Company dba California Sample Service dba American Carpet Samples 4200 Mission Blvd. Ontario, CA 91761 Business Description: American Sample Company -- http://www.americansample.com-- is a supplier of sample products to the decorative fabric, hospitality, and contract fabric industry. American Sample supplies sample books, swatch cards, memos, trim binders, and other custom sample products. Its capabilities include a full service art department, photography studio, printing, and all facets of swatch technique options. The Company is headquartered in Ontario, California. Chapter 11 Petition Date: August 22, 2018 Court: United States Bankruptcy Court Central District of California (Riverside) Case No.: 18-17106 Judge: Hon. Wayne E. Johnson Debtor's Counsel: Michael S. Kogan, Esq. KOGAN LAW FIRM, APC 1849 Sawtelle Blvd., Suite 700 Los Angeles, CA 90025 Tel: 310-954-1690 E-mail: mkogan@koganlawfirm.com Total Assets: $2,030,850 Total Liabilities: $1,781,894 The petition was signed by Christopher Muesse, general manager. A full-text copy of the petition containing, among other items, a list of the Debtor's 20 largest unsecured creditors is available for free at: http://bankrupt.com/misc/cacb18-17106.pdf TM VILLAGE: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------- Debtor: TM Village, Ltd. 1100 W. Trinity Mills Road Carrollton, TX 75006 Business Description: TM Village, Ltd. filed as a Domestic Limited Partnership in the State of Texas on Oct. 16, 2014, according to public records filed with Texas Secretary of State. Chapter 11 Petition Date: August 22, 2018 Court: United States Bankruptcy Court Northern District of Texas (Dallas) Case No.: 18-32770 Debtor's Counsel: Thomas Craig Sheils, Esq. SHEILS WINNUBST P.C. 1100 Atrium II 1701 N. Collins Blvd. Richardson, TX 75080-1339 Tel: 972-644-8181 E-mail: craig@sheilswinnubst.com - and - Mark Douglas Winnubst, Esq. SHEILS WINNUBST, PC 1701 N. Collins Blvd. Richardson, TX 75080 Tel: 972-644-8181 E-mail: mark@sheilswinnubst.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by John Chong, president and general partner. A copy of the Debtor's list of 20 largest unsecured creditors is available for free at: http://bankrupt.com/misc/txnb18-32770_creditors.pdf A full-text copy of the petition is available for free at: http://bankrupt.com/misc/txnb18-32770.pdf TOMMIE LINGENFELTER: $250K Sale of New Smyrna Beach Condo Unit OK'd ------------------------------------------------------------------- Judge Austin E. Carter of the U.S. Bankruptcy Court for the Middle District of Georgia authorized Tommie J. Lingenfelter and Judith R. Lingenfelter to sell interest in Unit #203, Southwind Condominium, 5499 S. Atlantic Avenue, New Smyrna Beach, Florida to Kevin and Elaine McKain for $250,000. The Sale Hearing was conducted on Aug. 3, 2018. The Court makes no findings of fact or conclusions of law as to the Adversary Proceeding but, with all of the Debtors' and JPMCC's rights to prosecute and defend the Adversary Proceeding being preserved, the Court concludes that JPMCC's claim of interest in the Property is subject to a bona fide dispute on account of the pending Adversary Proceeding. Thus, at the closing and upon consummation of the Transactions, the Purchaser will have and acquire good, valid, and marketable title in and to the Property as the Debtors' interests appear, free and clear of all liens, claims, encumbrances, and other interests of any kind or nature whatsoever, all of which Interests will attach to the net proceeds of the sale. Pursuant to Section 506(c) of the Bankruptcy Code, all broker commissions or sales commissions arising out of the sale, if any, and all closing costs, if any, that have been attributed to the Debtors under the Sale Documents may be paid from the gross proceeds of the sale. Time is of the essence in closing the Transactions, and the Court expressly finds that there is no just reason for delay in the implementation of the Order and that the closing can occur immediately upon entry of the Order. Accordingly, the stay of orders authorizing the use, sale, or lease of property as provided for in Bankruptcy Rule 6004(h) will not apply to the Order, and the Order is immediately effective and enforceable. From the proceeds of the sale authorized, the Debtors shall, as their interests appear on the definitive Closing Statement for the sale of the Property: a. pay liens for unpaid ad valorem taxes assessed against the Property through the closing of the sale; b. pay all usual, customary, and reasonable costs associated with the sale as agreed in the Sale Documents; ] c. pay to Chase, as its interests lie, the total amount of its claims against the Property, as definitively calculated at closing, all in full satisfaction of its resulting liens; d. pay to Debtors' undersigned attorneys at the closing the remaining proceeds, with all of such remaining proceeds to be held by the Debtors' undersigned attorneys in escrow pending further order of the Court. Within three business days after the entry of the Order, the Debtors' counsel will serve a copy of the Order on (a) the Office of the United States Trustee; (b) the Respondents; (c) other parties who have requested notice or copies of such matters in this Bankruptcy Case; and (d) all other creditors and parties-in-interest in the Bankruptcy Case. Tommie J. Lingenfelter and Judith R. Lingenfelter sought Chapter 11 protection (Bankr. M.D. Ga. Case No. 17-51934) on Sept. 5, 2017. The Debtors tapped David L. Bury, Jr., Esq., at Stone & Baxter, LLP, as counsel. TRINITY INVESTMENT: $2K Sale of Equipment to Brian Int'l. Approved ------------------------------------------------------------------ Judge Robert E. Grant of the United States Bankruptcy Court for the Northern District of Indiana authorized Trinity Investment Group, LLC's sale of equipment to Brian International, Inc. for $2,000. The equipment is identified in the Motion. The sale is free and clear of any and all liens, claims, and encumbrances, including without limitation any lien of Sigma Restaurants, Inc. About Trinity Investment Trinity Investment Group, LLC, is a privately held company in Bluffton, Indiana that operates under the restaurants and other eating places industry. Trinity Investment Group filed a Chapter 11 petition (Bankr. N.D. Ind. Case No. 18-10627) on April 13, 2018. In the petition signed by James E. Miller II, president, the Debtor estimated $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Judge Robert E. Grant presides over the case. Daniel J. Skekloff and Scot T. Skekloff, at the law firm of Haller & Colvin, PC, represent the Debtor. TRUTH TECHNOLOGIES: Taps Noack & Co as Accountant ------------------------------------------------- Truth Technologies, Inc., seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Noack & Co, LLC as its accountant. The firm will advise the Debtor on financial matters; prepare annual tax returns; handle tax compliance filings; prepare forecast and budget of its operations; and provide other accounting services. Janet Noack, the Noack & Co accountant who will be providing the services, charges $250 per hour. The hourly rates for staff accountants who will be assisting her range from $95 to $175. Ms. Noack disclosed in a court filing that she and her firm do not have any connection with the Debtor or any of its creditors. The firm can be reached through: Janet Noack Noack & Co, LLC 12610 World Plaza Lane Building 61, Unit 1 Fort Myers, FL 33907 Telephone: (239) 936-6144 Fax: (239) 277-5458 Email: tim@noackmitchellcpa.com About Truth Technologies Truth Technologies, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-05608) on July 6, 2018. At the time of the filing, the Debtor estimated assets of less than $500,000 and liabilities of $1,000,001 to $10 million. The Debtor tapped Dal Lago Law as its legal counsel. TURBINE GENERATION: Hires LaMonica Herbst as Special Counsel ------------------------------------------------------------ Turbine Generation Services, LLC, seeks authority from the United States Bankruptcy Court for the Western District of Louisiana (Lafayette) to employ David A. Blansky and the law firm of LaMonica Herbst & Maniscalco, LLP, as special counsel. LHM will serve as special counsel to the Debtor for the limited appearance of handling the removal of the Debtor's counterclaim against GE Oil & Gas, LLC and the third-party complaint against General Electric Company in the suit entitled GE Oil & Gas, LLC vs. Turbine Generation Services, L.L.C. and Michel B. Moreno bearing index number 652296/2015 currently pending in the Supreme Court of New York, County of New York, and handling removal of the suit entitled GE Oil & Gas, LLC, et al vs. MOR DOH Holdings, LLC, et al bearing index number 652538/2018 currently pending in the Supreme Court of New York, County of New York. LHM will also handle transferring venue from the Southern District of New York to the Western District of Louisiana and defense of any motion to remand the Removals back to the Supreme Court of the State of New York, County of New York. LHM's standard hourly rates are: David A. Blansky $495 Partners $495 to $575 Associate Attorneys $400 Paraprofessional $175 David A. Blansky, a partner in the law firm of Lamonica Herbst & Maniscalco, attests that neither he, nor any partner, counsel or associate of LHM, nor the firm itself, represents, will represent, holds or will hold any interest adverse to the Debtor or its estate with respect to the matters upon which LHM is proposed to be engaged. The counsel can be reached through: David A. Blansky, Esq. LaMonica Herbst & Maniscalco, LLP 3305 Jerusalem Avenue Wantagh, NY 11793 Phone: (516) 826-6500 Fax: (516) 826-0222 About Turbine Generation Services Turbine Generation Services, LLC, designs, assembles, and services turbine or gas engine power units for use in oil field production. Based in Lafayette, Louisiana, Turbine Generation Services filed a voluntary petition for relief under Chapter 11 of Title 11 of the Bankruptcy Code in the United States Bankruptcy Court, (Bankr. W.D. La. Case No. 18-50942) on July 30, 2018. The petition was signed by Michel Moreno, manager. Judge Robert Summerhays presides over the case. William E. Steffes, Esq., at THE STEFFES FIRM, LLC, is the Debtor's counsel. At the time of filing, the Debtor estimates $1 million to $10 million in assets and $10 million to $50 million in liabilities. VER: Exits Chapter 11 Bankruptcy as Reorganized Company ------------------------------------------------------- Production Resource Group on Aug. 22 disclosed that VER has emerged from Chapter 11 bankruptcy as a reorganized company led by Jere Harris and controlled by The Jordan Company, GSO Capital Partners and PRG Management. VER will continue to exist and maintain its focus as a traditional business-to-business subrental platform, renting to AV staging companies and industry professionals. Full-service solutions will transition to become a part of PRG. PRG and VER will operate as two separate companies in North America; and by focusing on their respective areas of expertise, each will be equipped to meet evolving client needs and offer solutions, resources and expertise even better than before. "For more than 20 years PRG has been diligent in offering its clients the best production service and equipment in the entertainment industry. Growth across disciplines, markets and geographies has always been a key part of our strategy," said Jere Harris, PRG's chairman and CEO. "Now, our ability to support all types of entertainment productions globally will take on new meaning, raising an already high bar to an unprecedented level." PRG is already well established in concert touring for its lighting, video, media servers and staging innovations. Combining that with VER's tour audio gear and expertise, the company can now provide a complete suite of services for tours, festivals and events. Further, PRG can enhance its long history in television production and expand its work in the film industry as VER brings world-class expertise in the video camera market, lighting, display and a robust suite of cameras. VER customers will benefit from PRG's scenic and automation expertise, vast lighting inventory and its position as the exclusive rental house for PRG's patented proprietary lighting products. VER and PRG will have approximately 70 locations across five continents. Clients will have improved access to an extraordinary array of equipment from all major manufacturers as well as specialized and proprietary equipment. "We believe that this approach will bring about innovation, an exciting level of service, and even more transformative collaboration with our partners. It feels historic, not only for PRG and VER, but for entertainment industry," said Mr. Harris. The entities will be commonly controlled by The Jordan Company, GSO Capital Partners and PRG Management. Mr. Harris will serve as chairman and CEO of the combined company, Stephan Paridaen will be president and COO of the combined company and Bob Krakauer will serve as CEO of VER. About Production Resource Group PRG -- https://www.prg.com/ -- is a provider of entertainment and event technology solutions and has the largest inventory of rental production equipment. PRG provides comprehensive and discreet services to an array of clients in the live music, TV/Film, Broadway, sports, gaming, corporate experiential and live events markets. Clients and partners depend on PRG's innovation, experience and depth of experience in audio, video, lighting, rigging, staging, and scenery and automation systems to bring their stories to life. With 70 offices across North America, South America, Europe, Middle East, Asia, and Australia, PRG has capabilities to provide services worldwide. PRG is owned by The Jordan Company and GSO Capital Partners and PRG Management. VERMONT IRISH PUB: Court Approves Cohen & Rice as Counsel --------------------------------------------------------- Vermont Irish Pub, LLC, sought and obtained approval from the United States Bankruptcy Court for District of Vermont to employ Rebecca A. Rice, Esq., and Cohen & Rice as the Debtor's counsel. Cohen & Rice is expected to render these services: (a) provide the Debtor legal advice with respect to its powers and duties as debtor-in-possession; (b) take necessary action to avoid lien against the Debtor's property obtained within 90 days before filing the Chapter 11 Petition; (c) recover property of the estate; (d) represent the Debtor in connection with any proceedings which may be instituted in this Court; (e) prepare on behalf of the Debtor, necessary applications, motions, complaints, answers, orders, reports and other legal papers; (f) perform all other legal services for the Debtor which may be necessary in these proceedings; and (g) assist the Debtor in the preparation, filing and confirmation of a Chapter 11 plan. The individuals presently expected to participate in the representation of the Debtor and their hourly rates are: Norman Cohen, Esq. (partner attorney) $250 Rebecca A. Rice, Esq. (partner) $225 Associates (if any) $150 Paralegals and law clerks (if any) $90 Cohen & Rice attests that it has no connection with the Debtor's creditors, or with any other party-in-interest or their respective attorneys and accountants or the United States trustee or any employee of the United States trustee. About Vermont Irish Pub Vermont Irish Pub, LLC filed a Chapter 11 bankruptcy petition (Bankr. D. Vt. Case No. 18-10283) on July 11, 2018, listing under $1 million in both assets and liabilities. Rebecca A. Rice, Esq., at Cohen & Rice, serves as its counsel. VITAMIN WORLD: Oak Point Buying Remnant Assets for $18K ------------------------------------------------------- Vitamin World, Inc. and its debtor-affiliates ask the U.S. Bankruptcy Court for the District of Delaware to authorize the sale of assets, consisting of known or unknown assets or claims, which have not been previously sold, assigned, or transferred, to Oak Point Partners, LLC for $17,500, subject to overbid. The Debtors have determined that there may exist property of their Estates, consisting of the Remnant Assets. The Debtors have determined that the cost of pursuing the Remnant Assets will likely exceed the benefit that the Estates would possibly receive on account of the Remnant Assets. The Remnant Assets sales have become commonplace at the close of commercial bankruptcy cases because they allow for additional funds to be brought into the estate, while simultaneously avoiding the expense and burdens associated with reopening cases for later-discovered assets. Such sales provide a prudent way to fully and finally administer all assets of the Debtors' Estates. The Debtors and Oak Point have negotiated their Purchase Agreement for the sale of the Remnant Assets. The Purchase Agreement generally provides for an aggregate purchase price of $17,500 to be paid by Oak Point to the Debtors for the benefit of the Debtors' Estates. In accordance with the Purchase Agreement, the Remnant Assets do not include (b) cash held by the Debtors for distribution to creditors and professionals; (b) any and all Goods (e.g., office furniture) of the Debtors; (c) the following anticipated refunds, which are expected to be paid to the Debtors imminently: (i) proceeds of that certain Puerto Rico tax escrow owed to the Debtors by Vitamin World USA Corporation; (ii) approximately $100,000 in pre-paid sales taxes from the Commonwealth of Puerto Rico; and (iii) approximately $16,000 in overpayments and pre-paid sales taxes from the State of Georgia; (d) any and all refunds due to or received by the Debtors related to federal, state, or local income tax returns for the 2017 tax year (for the avoidance of doubt, this clause (d) includes, but is not limited to, any and all funds remaining or returned to the Debtors after application of such funds to federal, state, or local taxes owed or paid by the Debtors for the 2018 tax year); and (e) the Purchase Price for the Remnant Assets. In the business judgment of the Debtors and their CRO, the Purchase Price represents a fair and reasonable sales price for the Remnant Assets, and represents the highest and best offer for the sale of the Remnant Assets. The Debtors have conducted due diligence and remain unaware of the existence of any Remnants Assets, and certainly none that could return value to the Estates greater than the Purchase Price. Therefore, the benefit of receiving immediate payment for the Remnant Assets outweighs the potential benefit of retaining the Remnant Assets. Finally, the Debtors believe that the cost of pursuing the Remnant Assets will likely exceed the benefit that the Estates would possibly receive. Contemporaneously with the Motion, the Debtors have filed the Notice which establishes a deadline by which objections or responses to the Motion. While the Debtors are prepared to consummate the sale of the Remnant Assets to Oak Point pursuant to the terms set forth and in the Purchase Agreement, in the event a party other than Oak Point wishes to purchase the Remnant Assets, the Debtors ask that the Court approves the Bidding Procedures. The salient terms of the Bidding Procedures are: a. Each Competing Bidder who wants to participate in the overbid process must notify the Debtors of her intention to do so in accordance with the Notice on or before the Response Deadline; b. the first overbid for the Remnant Assets by a Competing Bidder must be at least $5,000 more than the Purchase Price, or a total of $22,500; c. each Competing Bidder must submit a cashier’s check to the Debtors in the amount of such Competing Bidder's first overbid at the time such overbid is made; d. each subsequent overbid for the Remnant Assets must be in additional increments of $1,000; e. the bidder must purchase the Remnant Assets under the same terms and conditions set forth in the Purchase Agreement, other than the Purchase Price; and f. in the event of an overbid that meets the foregoing conditions, the Debtors will schedule an auction of the Remnant Assets in advance of the hearing date and will request that the Court approve the winning bidder at the auction as the purchaser at the hearing on the Motion. The Debtors believe that the sale of the Remnant Assets in accordance with the terms of the Purchase Agreement, and as provided herein, serves the best interests of their Estates and creditors, as the sale will allow the Debtors to realize additional funds for the benefit of the Estates. Accordingly, the sale to Oak Point should be approved as requested. To successfully implement the Purchase Agreement, the Debtors also ask a waiver of the 14-day stay under Bankruptcy Rule 6004(h). A copy of the Agreement attached to the Motion is available for free at: http://bankrupt.com/misc/Vitamin_World_1059_Sales.pdf A hearing on the Motion is set for Aug. 30, 2018 at 10:00 a.m. (ET). The objection deadline is Aug. 23, 2018 at 4:00 p.m. (ET). The Purchaser: OAK POINT PARTNERS, LLC P.O. Box 1033 Northbrook, IL 60065-1033 About Vitamin World Headquartered in Holbrook, New York, Vitamin World is a specialty retailer in the vitamins, minerals, herbs and supplements market. The Company offers customers products across all major VMHS and sports nutrition categories, including, supplements, active nutrition, multiples, letter vitamins, health and beauty, herbs, minerals, food and specialty items. When it filed for bankruptcy, Vitamin World was operating out of four distribution centers located in Holbrook, New York; Sparks, Nevada; Riverside, California; and Groveport, Ohio; and 334 retail stores that are mostly located in malls and outlet centers across the United States and its territories. Products are also sold online at http://www.vitaminworld.com/ The Company has 1,478 active employees. Vitamin World Inc., VWRE Holdings, Inc., and other related entities sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 17-11933) on Sept. 11, 2017. Vitamin World estimated assets of $50 million to $100 million and debt of $10 million to $50 million. Katten Muchin Rosenman LLP is the Debtors' bankruptcy counsel. Saul Ewing Arnstein & Lehr LLP is the co-counsel. Retail Consulting Services, Inc., is the Debtors' real estate advisors. RAS Management Advisors, LLC, is the financial advisor. JND Corporate Restructuring is the claims and noticing agent. An Official Committee of Unsecured Creditors has been appointed in the case. The Committee retained Lowenstein Sandler LLP as lead counsel; and Whiteford, Taylor & Preston LLC as Delaware counsel. On Dec. 22, 2017, the Court entered an order authorizing the Debtors to sell substantially all of their assets to Valuable Hero Limited. The transaction closed on Jan. 19, 2018. WILL NELSON: Wiseacre Buying Memphis Parcels for $1.4 Million ------------------------------------------------------------- J. Nelson and Hattie N. Nelson ask the U.S. Bankruptcy Court for the Western District of Tennessee to authorize the sale of the collective parcels of real property located between Abel Street and S. B.B. King Boulevard in Memphis, Shelby County, Tennessee to Wiseacre, LLC for $1.4 million. The Debtors own these commercial properties located at and around Abel Street and S. B.B. King Boulevard in Memphis, Tennessee: Property Address Parcel ID No. Value 394 S. B.B. King 00501800015 $144,600 0 E. Abel Street 00501800009 $3,000 374 S. B.B. King 00501800016C $161,500 0 E. Abel Street 00501800008 $3,000 0 E. Abel Street 00501800007 $3,000 0 S. B.B. King 00501800018 $98,000 361 Abel Street 00501800006 $3,000 0 S. B.B. King 00501800005 $142,200 0 S. B.B. King 00501800019 $28,100 0 S. B.B. King 00501800020 $42,100 338 S. B.B. King 00501800001 $249,000 The collection of parcels is more particularly described and is further detailed by the Quit Claim Deed conveying the properties to Debtors which is recorded with the Shelby County Register of Deeds at Instrument No. 10112521. Said undeveloped parcels comprise approximately 2.485 acres, are zoned for commercial purposes, and the Shelby County Assessor of Property collectively appraises the parcels for $877,900. The Debtors' interest in the properties is included in the bankruptcy estate. The Debtors currently owe delinquent real estate taxes on the properties to the City of Memphis Trustee in the amount of $41,159 and to the Shelby County Assessor for $42,181. Pursuant to 11 U.S.C. Section 363, after notice and hearing, the Chapter 11 Trustee may sell property of the estate to persons that are not affiliated with the Debtors. The Debtors obtained a contract for sale of the properties to Wiseacre, LLC for the sum of $1.4 million. A copy of the Agreement of Purchase and Sale attached to the Motion is available for free at: http://bankrupt.com/misc/Will_Nelson_197_Sales.pdf The Debtors believe that the sales price obtained reflects the current market value of the properties, that it is the best sales price obtainable at this juncture, and that it is in their best interest to sell said properties. First Alliance Bank consents to the relief sought and it approves the sale of the properties. Pursuant to an agreement between First Alliance Bank, as first mortgagee, and the Debtors, the Debtors will pay the full net sales proceeds of the sale of the properties to First Alliance Bank. Said payment to First Alliance Bank will satisfy the notes in favor of First Alliance Bank associated with the properties subject to the Motion and will also satisfy the loan associated with 3210 Hernando Road, and bring the Debtors current on the loan and the City and County real estate tax arrearages associated with 3254 Elvis Presley Boulevard. First Alliance Bank will also allocate the remainder of the sales proceeds towards real estate tax arrearages and principal and interest towards the loans associated with 3270 Elvis Presley Boulevard and the Debtors' 117.5 acres located in Sardis, Mississippi. In exchange, First Alliance Bank will release their Deeds of Trust and all other encumbrances associated with the 11 properties subject to the sale. The Debtors will also pay the aforementioned outstanding City of Memphis and Shelby County real estate taxes at closing from the sales proceeds. Will Nelson, II, the third mortgage holder on the listed property does not join the Debtors in the Motion, but consents to the relief sought and approves the sale of the property. The Purchaser: Kellan Bartosch President WISEACRE, LLC 2783 Broad Ave. Memphis, TN 38112 E-mail: nellanbartosch@gmail.com The case is In re Will J. Nelson and Hattie N. Nelson (Bankr. W.D. Tenn. Case No. 17-20831). X-TREME BULLETS: Committee Taps Hartman & Hartman as Local Counsel ------------------------------------------------------------------ The official committee of unsecured creditors of X-Treme Bullets Inc. seeks approval from the U.S. Bankruptcy Court for the District of Nevada to hire Hartman & Hartman, P.C. The firm will serve as the committee's local bankruptcy counsel in connection with the Chapter 11 cases of X-Treme Bullets and its affiliates. Jeffrey Hartman, Esq., the attorney at Hartman & Hartman who will be providing the services, will charge an hourly fee of $385. Legal assistants will charge $85 per hour. The firm does not represent any interest adverse to the committee or to the Debtors' estates, according to court filings. Hartman & Hartman can be reached through: Jeffrey L. Hartman, Esq. Hartman & Hartman, P.C. Reno, NV 89509 Phone: (775) 324-2800 Fax: (775) 324-1818 Email: jlh@bankruptcyreno.com About X-treme Bullets X-Treme Bullets, Inc., and its subsidiaries are in the business of manufacturing and selling small arms ammunition components, assembling ammunition, custom building ammunition manufacturing equipment, and repairing and refurbishing existing ammunition manufacturing equipment. They sell ammunition from company-owned brands, which they manufacture in-house, as well as ammunition from third-party brands, which they source as finished goods. They operate a production facility in Carson City, Nevada and operate four facilities in Idaho, including three production facilities and one distribution center. X-Treme Bullets and certain affiliates filed sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 18-50609) on June 8, 2018. In the petition signed by David Howell, president, the Debtor estimated assets and liabilities at $10 million to $50 million. The case is assigned to Judge Bruce T. Beesley. The Debtor tapped Harris Law Practice LLC as counsel, and Winthrop Couchot Golubow Hollander, LLP, as co-counsel. J. Michael Issa of GlassRatner Advisory & Capital Group, LLC, serves as chief restructuring officer. On July 23, 2018, the U.S. Trustee for Region 17 appointed an official committee of unsecured creditors in the case. The committee tapped Goldstein & McClintock LLLP as its lead counsel; and Hartman & Hartman, P.C. as its local counsel. [] 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. [^] BOOK REVIEW: The Financial Giants In United States History -------------------------------------------------------------- Author: Meade Minnigerode Publisher: Beard Books Softcover: 260 pages List Price: $34.95 Order your personal copy today at http://is.gd/tJWvs2 The financial giants were Stephen Girard, John Jacob Astor, Jay Cooke, Daniel Drew, Cornelius Vanderbilt, Jay Gould, and Jim Fisk. The accomplishments of some have made them household names today. But all were active in the mid 1800s. This was a time when the United States, having freed itself from Great Britain only a few decades earlier, was gaining its stride as an independent nation. The country was expanding westward, starting to engage in significant international trade, and laying the foundations for becoming a major industrial power. Astor, Vanderbilt, Gould, and the others played major parts in all these areas. During the Civil War in the first half of the 1860s, some became leading suppliers of goods or financiers to the Federal government. Minnigerode's focus is the highlights of the life of each of the seven. Along with this, he identifies each one's prime characteristics contributing to his road to fortune and how his life turned out in the end. Not all of the men managed to keep and pass on the fortunes they amassed. They are seen a "financial giants" not only because they made fortunes in the early days of American business and industry, but also for their place in laying out the groundwork for American business enterprise, innovation, and leadership, and for the notoriety they had in their day. Minnigerode summarizes the style or achievement of each man in a single word or short phrase. Stephan Girard is "The Merchant Banker"; Cornelius Vanderbilt, "The Commodore." "The Old Man of the Street" summarizes Daniel Drew"; with "The Wizard of Wall Street" summarizing Jay Gould. Jim Fisk is "The Mountebank." Jay Cooke, "The Tycoon," was to be "known throughout the country for his astonishingly successful handling of the great Federal loans which financed the Civil War." After the War, one of the leaders of the Confederacy remarked that the South was really defeated in the Federal Treasury Department thus, even on the enemy side, giving recognition to Cooke's invaluable work of enabling the Federal government to meet the huge costs of the War. After the War, having earned the reputation as "the foremost financier in the country," Cooke became involved in many large financial ventures, including the building of a railroad to link the East and West coasts of America. In this railroad venture, however, Cooke and his banking firm made a fatal misstep in investing in the Northern Pacific railway. The Northern Pacific turned out to be a house of cards. When Cooke's firm was unable to meet interest payments it owed because of money it had put into the Northern Pacific, the firm went bankrupt; and this caused alarm in the stock market and financial circles. The roads to wealth of the "financial giants" were not smooth. Like others amassing great wealth, they had to take risks. The tales Minnigerode tells are not only instructive on how individuals have historically made fortunes in business and the characteristics they had for this, but are also cautionary tales on the contingency of great wealth in some circumstances. Jim Fisk, for instance, a larger-than life character "jovial and quick witted [who was also] a swindler and a bandit, a destroyer of law and an apostle of fraud," was presumably killed by a former business partner. Unlike Cooke and Fisk, Cornelius Vanderbilt and John Jacob Astor built fortunes that lasted generations. Vanderbilt -- nicknamed Commodore -- starting in the New York City area, built ships and established domestic and international merchant and passenger lines. With the government coming to depend on these with the rapid growth of commerce of the period and the Civil War for a time, Vanderbilt practically had monopolistic control of private shipping in the U.S. Astor made his fortune by developing trade and other business in the upper Midwest, which was at the time the sparsely-populated frontier of America, rich in natural resources and other potential with the Great Lakes and regional rivers as a means for transportation. Although the social and business conditions in the early and mid 1800s when the U.S. was in the early stages of its development were unique to that period, by concentrating on the characteristics, personalities, strategies, and activities of the seven outstanding businessmen of this period, Minnigerode highlights business traits and acumen that are timeless. His sharply-focused, short biographies are colorful and memorable. This author has written many other books and worked in the military and government. ********* 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 ***