/raid1/www/Hosts/bankrupt/TCR_Public/181025.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, October 25, 2018, Vol. 22, No. 297

                            Headlines

7215 N OAKLEY: Seeks OK on Cash Collateral Use Through October 31
ABENGOA KANSAS: District Court Dismisses Drivetrain Appeal as Moot
ALBERTSON'S LLC: Moody's Rates Sr. Sec. Term Loan Ba2, Outlook Neg
ALEXANDRIA INVESTMENT: Nov. 29 Plan Confirmation Hearing
ALEXANDRIA INVESTMENT: Proposes Auction of Airbase Road Land

ALLIANCE BIOENERGY: Files Chapter 11 Bankruptcy Petition
ALLIANCE HEALTHCARE: Egan-Jones Withdraws B- Sr. Unsecured Ratings
AMERICAN APPAREL: Nov. 28 Plan Confirmation Hearing
AQUA LIFE: 4th Amended Disclosures OK'd; Dec. 7 Plan Hearing
BAKKEN INCOME: TEP Buying Remaining Oil & Gas Assets for $57K

BAUSERMAN SERVICE: Case Summary & 16 Unsecured Creditors
BELLA BAG: Plan and Disclosure Statement Hearing Set for Nov. 15
BELLE MERE: Sheriff Loses Summary Ruling Bid vs B. Spencer, et al.
BERNARD L. MADOFF: Trustee Bid for Leave to Serve PAC Partly OK'd
BILLY HADDOCK: Case Summary & 14 Unsecured Creditors

BIOSCRIP INC: Appoints John McMahon as Chief Accounting Officer
BITE THE BULLET: Unsecureds to be Paid $16,500 in Latest Plan
BLACK DIAMOND HOSPITALITY: Unsecureds to be Paid from Net Revenue
BON-TON STORES: 3200 Buying Wilmette Property for $12.5 Million
BON-TON STORES: Egan-Jones Withdraws C Senior Unsecured Rating

C.R. OF ATTALLA: Disclosure Statement Hearing Set for Dec. 5
CARE FOR YOU: U.S. BEF to Get 24 Monthly Payments of $600
CATHERINE TRINH: Bankr. Court Extends Exclusivity Period to Jan. 5
CENTRO CRISTIANO: Modified Plan Proposes to Pay $20K to TUMC
CENTRO GROUP: Case Summary & 20 Largest Unsecured Creditors

CHAPELDALE PROPERTIES: Hearing on Plan Confirmation Set for Nov. 27
CHARLES JANEKE: Ct. Upholds Summary Judgement in Favor of J. Allen
CHATEAU CREOLE: Plan Outline Okayed, Plan Hearing on Nov. 14
CITY OF BRYANT: Court Confirms Plan of Debt Adjustment
CLARKSBURG MEDICAL: Seeks Access to Biz2Credit Cash Collateral

CLINTON MAHONEY: Court Awards $23K to Accountants
CLUB AT SHENANDOAH: Ruling Granting TPUOA Anti-SLAPP Bid Reversed
COLIMA BBQ: Trustee's $250K Sale of All Business Assets to Kim OK'd
CPKAP LLC: Seeks Authority on Interim Cash Use Through December 31
DAYCO PRODUCTS: Moody's Revises Outlook on B2 CFR to Stable

DIGITALGLOBE INC: Egan-Jones Withdraws BB- Senior Unsecured Ratings
DILLE FAMILY: Unsecured Creditors to Receive 75% of Allowed Claims
DIVERSIFIED POWER: Court Confirms Amended Chapter 11 Plan
ELAN MEDICAL: Court Approves Settlement, Compromise of J. Cox Suit
ENERGY AND EXPLORATION: Court Junks H. Metzler Appeal as Premature

ENTEGRIS INC: S&P Hikes Issuer Credit Rating to BB+, Outlook Stable
ENVIVA PARTNERS: S&P Raises ICR to BB-, Outlook Stable
EPIC Y-GRADE: Moody's Affirms B3 CFR, Outlook Stable
ERI AMERICA: Fifth Interim Cash Collateral Order Entered
ESH HOSPITALITY: Moody's Hikes CFR to Ba3 & Alters Outlook to Pos.

ESSAR STEEL: Foreign Rep's Sale of U.S. Assets Approved
FAIRFIELD TIC: Voluntary Chapter 11 Case Summary
FIRELANDS GROUP: Seeks Authorization on Cash Collateral Use
FLEXI-VAN LEASING: Moody's Cuts CFR to Caa1 & Alters Outlook to Neg
FLOYD SQUIRES: Examiner's $325K Sale of Eureka Improved Parcel OK'd

FORTRESS GROUP: Fitch Affirms BB LongTerm IDR, Outlook Stable
GEP HAYNESVILLE: S&P Assigns 'B' Corp Credit Rating, Outlook Stable
GLOBAL HOTELS: Court OK's Plan Outline; Nov. 27 Plan Hearing Set
GOLFTHERE CORP: $640K Sale of All Assets to YGT Approved
HARLEM MARKET: Proposes Going Out of Business Inventory Sale

HC2 HOLDINGS: Moody's Affirms B3 CFR, Outlook Stable
HC2 HOLDINGS: S&P Affirms B- Issuer Credit Rating, Outlook Stable
HERC HOLDINGS: Egan-Jones Lowers Senior Unsecured Ratings to B-
HERMAN TALMADGE: Trustee Proposes an AMC Auction of Tara Door
HILL'S VAN SERVICE: Flying Buying Jacksonville Property for $1.1M

HILL'S VAN SERVICE: Flying Buying Jacksonville Property for $825K
IDEANOMICS: Will Advise Zhonjinhuifu on Planned US$200M Financing
INSITE CORPORATION: 1st Cir. Remands Suit vs. Walsh Construction
INTL FCSTONE: Moody's Rates Sr. Secured Notes Due 2023 'Ba3'
INTL FCSTONE: S&P Assigns BB- Issuer Credit Rating, Outlook Stable

IRI HOLDINGS: Moody's Assigns B3 CFR, Outlook Stable
IVAN TRACY: Sale of Stocks in Pursuant to Plan Terms Approved
JANICE LEE SMITH: Stipulation Extending MDS Due Date to Answer OK'd
KCD IP: Moody's Lowers Class A Debt Rating to Caa3
KELLEY BROS: $535K Sale of 1996 Thunderbird TTY 6170 Yarder Okayed

KIDS FOUNDATION: Disclosure Statement Hearing Set for Nov. 27
KLEEN ENERGY: Fitch Affirms BB on $295MM Term Loan, Outlook Pos.
KLX ENERGY: Moody's Assigns B3 Corp. Family Rating, Outlook Stable
LE CENTRE ON FOURTH: Plan Outline Okayed, Plan Hearing on Nov. 14
LEHMAN BROTHERS: Has No Power to Issue Substituted Preferred Stock

LUBY'S INC: Appoints Todd Coutee as Chief Operating Officer
LUIS ROSALES: Ct. Tosses Appeals Pending Resolution of Ch. 11 Case
M & G USA: Orbital Seeks Revision of Plan and Disclosure Statement
MELINTA THERAPEUTICS: Appoints John Johnson as Interim CEO
MIAMI BEVERLY: Nov. 28 Approval Hearing on Disclosures Set

MIAMI INTERNATIONAL: Plan Outline Hearing Set for Nov. 28
MIDLAND PROPERTIES: Ct. Recommends Denial of WF Summary Ruling Bid
MIRARCHI BROTHERS: Amends Plan to Modify Treatment of Unsecureds
MOUNTAIN CREEK: Summary Ruling Bid on R. Helmrich ADA Claims OK'd
NAUTILUS INKIA: Moody's Affirms Ba3 CFR, Outlook Stable

NETFLIX INC: Moody's Rates Sr. Unsec. Notes Ba3, Outlook Stable
NETFLIX INC: S&P Assigns BB- Rating on $2BB Senior Unsecured Notes
NIGHTHAWK ROYALTIES: Court Conditionally Approves Plan Outline
NNN 400 CAPITOL: Ct. Junks Wells Fargo, et al., Bid to Dismiss Suit
NORTHERN OIL: Launches Exchange Offer for 8.50% Senior Notes

NORTHERN OIL: May Issue 18.9-Mil. Shares Under 2018 Incentive Plan
NORTHERN OIL: Registers 100.8 Million Shares for Possible Resale
NORTHERN OIL: Releases Financials of Acquired Businesses
NORTHERN POWER: Securities Delisted from TSX for Noncompliance
NSB ADVISORS: Court Grants Bid to Confirm FINRA Arbitration Award

NY METROPOLITAN COLLEGE: Fitch Affirms BB on $66.7MM Revenue Bonds
OCH-ZIFF CAPITAL: Fitch Affirms BB- LongTerm IDR, Outlook Stable
PEN INC: Ronald Berman Holds 7% of CL-A Common Stock as of Oct. 16
PEORIA REGIONAL: Plan Outline Okayed, Plan Hearing on Jan. 17
PHI INC: Moody's Lowers Corp. Family Rating to Caa1, Outlook Neg.

PIERSON LAKES: Adds EONS' Unsecured Claim in 1st Amended Plan
PRESSURE CONTROL: Auto Worlds Buying 6 Ford F550 Trucks for $90K
PRINCETON ALTERNATIVE: T. Anderson Bid to Withdraw Reference Junked
RENAISSANCE PARTNERS: Inks Compromise with Lakeside
RESOLUTE FOREST: Egan-Jones Hikes Senior Unsecured Ratings to B+

REVOLAR TECHNOLOGY: Case Summary & 20 Largest Unsecured Creditors
RPM HARBOR: Plan Outline Okayed, Plan Hearing on Dec. 13
SAMUELS JEWELERS: Brilliant Buying HEB Leases & FF&E for $300K
SANDIA TOBACCO: Court Partly Grants Bid for Summary Judgment
SERVICOM CANADA: Case Summary & 20 Largest Unsecured Creditors

SHEFA LLC: Ruling Granting Summary Disposition to X. Gong Affirmed
SIDELINE 96TH STREET: Case Summary & 3 Unsecured Creditors
SKYLINE RIDGE: Athansiou Buying Tucson Property for $300K
SKYLINE RIDGE: TST Coronado Buying Tucson Property for $320K
SOURCINGPARTNER: Unsecured May Get 6% Dividend Under Exit Plan

SOUTHERN GRAPHICS: S&P Lowers ICR to 'B-', Outlook Stable
STEELFUSION CLINICAL: Case Summary & 18 Top Unsecured Creditors
SUMMIT FINANCIAL: To Pay Unsecs. from Loan Portfolio Sale Proceeds
SUPERVALU INC: Fitch Withdraws Ratings Amid Closing of UNFI Deal
TELTRONICS INC: 11th Cir. Upholds Dismissal of Trustee's Claim

TEXAS ASSOCIATION: RGCCISD Opposes Approval of Plan Outline
TRIAD WELL: Plan Confirmation Hearing Set for Nov. 28
TRINITY INVESTMENT: Exit Plan to Pay $250K to Unsecured Creditors
U.S.A. DAWGS: Joint Stipulation Dismissing TTCP's Appeal Approved
VERESEN INC: Egan-Jones Withdraws BB+ Sr. Unsec. Ratings

VERSA MARKETING: Has Until Nov. 15 to Respond to SFF, GEI Complaint
VICTOR P. KEARNEY: L. Abruzzo Suit Transferred to Bankruptcy Court
VICTORY PARENT: Denial of Bid to Junk Aetna Counterclaim Endorsed
W&T OFFSHORE: Completes Major Debt Refinancing Transactions
WELLINGTON SENIOR: MAS Buying Law Worth Property for $2.9M

WHISTLER ENERGY: Baker Hughes' Bid to Withdraw Reference Tossed
WOODBRIDGE GROUP: $100K Sale of Merrimack's Carbondale Property OKd
WOODBRIDGE GROUP: $300K Sale of Springvale Carbondale Property OK'd
WOODBRIDGE GROUP: $30M Sale of Diamond's Los Angeles Property OK'd
WOODBRIDGE GROUP: $5.7M Sale of Heilbron's Los Angeles Property OKd

WOODBRIDGE GROUP: Court Grants Bid to Dismiss 1st Amended Complaint
XPO LOGISTICS: Moody's Raises CFR to Ba2, Outlook Stable
YINGLI GREEN: Unit Withdraws Appeal to PRC Court's Ruling on Notes
[*] T&W Fetes 12 Outstanding Young Restructuring Lawyers Nov. 26
[^] Recent Small-Dollar & Individual Chapter 11 Filings


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7215 N OAKLEY: Seeks OK on Cash Collateral Use Through October 31
-----------------------------------------------------------------
7215 N Oakley, LLC seeks authorization from the U.S. Bankruptcy
Court for the Northern District of Illinois to use the cash
collateral of MRR 7215 Oakley LLC through October 31, 2018.

The Debtor owns and operates the Real Estate -- a four-story brick
building with nine townhome residential units -- located at
7201-7217 North Oakley, Chicago, Illinois. As of the date of
October 2, 2018, seven of the nine Units are occupied and rented.
The Debtor believes the Real Estate should generate $235,000 in
rental income over the next year once all of the Units are rented.
Based on an appraisal obtained by the Debtor, the Debtor asserts
that the Real Estate is worth approximately $1.9 million.

The only entity with an asserted interest in the subject cash
collateral is MRR. The Debtor requires the use of MRR's cash
collateral in order to maintain the value of the Real Estate and to
continue its related business operations pending the confirmation
of chapter 11 plan.

As described in the budget, the Debtor intends to use the cash
collateral to, among other things, (i) make repairs and partial
replacement of the Real Estate's roofing; (ii) make interior
repairs to certain units, including insulation and drywall removal
and replacement; (iii) paint certain of the Units to ready them for
rental; (iv) repair kitchen piping and other plumbing; (v) pay real
estate taxes; (vi) pay brokerage fees to @properties; and (vii) pay
water and sewer utilities.

The Debtor proposes to grant MRR, retroactive to the Petition Date
and without the necessity of any additional documentation or
filings, valid, enforceable, non-avoidable, and fully perfected
replacement liens of the highest available priority upon (a) any
property that the Debtor acquires after the Petition Date
including, without limitation, any rents, profits and cash
generated by the Debtor's prepetition and postpetition operations,
but excluding any avoidance actions under chapter 5 of the
Bankruptcy Code, and (b) any proceeds generated from such property.


The Debtor further proposes that such liens will (i) attach to the
same extent and with the same validity and priority as the MRR's
existing interests in its Prepetition Collateral, (ii) be limited
to the extent of the aggregate diminution subsequent to the
Petition Date in the value of the MRR's existing interests in the
Prepetition Collateral (including the cash collateral), whether by
depreciation, use, sale, loss, or otherwise, and (iii) be subject
only to prior perfected and unavoidable liens in property of the
Debtor's estate as of the Petition Date.

A full-text copy of the Cash Collateral Motion is available at

              http://bankrupt.com/misc/ilnb18-07309-76.pdf

                        About 7215 N Oakley

7215 N Oakley LLC is an Illinois limited liability corporation with
its principal offices located at 30 Coventry Road, Northfield,
Illinois 60093.  7215 N Oakley listed its business as Single Asset
Real Estate as defined in 11 U.S.C. Section 101(51B).

7215 N Oakley filed a Chapter 11 petition (Bankr. N.D. Ill. Case
No. 18-07309) on March 14, 2018.  In the petition signed by Nick
Stein, manager, the Debtor estimated assets and liabilities of at
least $10 million.  The case is assigned to Judge Deborah L.
Thorne.  Robert W Glantz, Esq., at Shaw Fishman Glantz & Towbin
LLC, is the Debtor's counsel.


ABENGOA KANSAS: District Court Dismisses Drivetrain Appeal as Moot
------------------------------------------------------------------
District Judge Eric F. Melgren grants the Abengoa Bioenergy Biomass
of Kansas, LLC Trustee’s motion to dismiss the appeals case
captioned DRIVETRAIN, LLC, as Liquidating Trustee for Abengoa
Bioenergy US Holding, LLC, et al., Appellant, v. MARK D. KOZEL, as
Liquidating Trustee of the ABBK Liquidating Trust, Appellee, Case
No. 18-cv-1055-EFM  (D. Kan.) as moot.

On Feb. 8, 2018, U.S. Bankruptcy Judge Robert E. Nugent entered a
Memorandum and Opinion confirming Debtor Abengoa Bioenergy Biomass
of Kansas, LLC's plan of liquidation and overruling the objections
to the Plan filed by Drivetrain, LLC, as Liquidating Trustee for
Abengoa Bioenergy US Holding, LLC, et al. On Feb. 16, 2018,
Drivetrain filed a notice of appeal of the Opinion, as well as a
separate notice of appeal of the not-yet-filed Order confirming the
debtor's plan of liquidation pursuant to Chapter 11 of the
Bankruptcy Code. The Court consolidated the appeals on March 5,
2018.

The ABBK Trustee argues that Drivetrain's appeal should be
dismissed under the doctrines of constitutional and equitable
mootness. It argues that all six of the equitable mootness factors
weigh in favor of dismissal. The six factors are: the stay factor,
substantial consummation, effects on innocent third parties, public
policy and finality, impact upon the likelihood of a new
reorganization, and quick look at the merits.

In its response, Drivetrain argues that its appeal is not
constitutionally moot, that the Court should not apply the
equitable mootness doctrine in a Chapter 11 liquidation case, that
even if the Court applies the equitable mootness doctrine it should
not dismiss the appeal, and that even if the equitable mootness
factors weigh in favor of dismissal, dismissal should be denied
because the ABBK Trustee has unclean hands.

The Court finds that while the case is not constitutionally moot,
the ABBK Trustee has met its burden to demonstrate that the six
factors relevant in determining whether to dismiss an appeal under
the equitable mootness doctrine weigh in favor of dismissal. Four
of the six factors definitively weigh in favor of dismissal,
including the factor protecting the foremost concern of the
Court--whether the rights of innocent third parties will be
adversely affected by a reversal. The Plan has been substantially
consummated, reversal would adversely affect innocent third
parties, dismissal would serve the public's need for reliance on
confirmed bankruptcy plans and no countervailing public policy
interest exist to deter the Court from dismissing this action, and
a quick look at the merits of the appeal suggests that Drivetrain
will not succeed on the merits.

A copy of the Court's Memorandum and Order dated Oct. 10, 2018 is
available at https://bit.ly/2S2iJuZ from Leagle.com.

Drivetrain, LLC, Creditor; Liquidating Trustee for other Abengoa
Bioenergy US Holding, LLC, Appellant, represented by David Dunn --
david.dunn@hoganlovells.com -- Hogan Lovells US LLP, pro hac vice,
Lawrence Friedman -- lfriedman@thompsoncoburn.com -- Thompson
Coburn LLP, pro hac vice, Mark V. Bossi --
mbossi@thompsoncoburn.com -- Thompson Coburn LLP, Michael Shane
Johnson  -- Michael.shane@hoganlovells.com -- Hogan Lovells US LLP,
pro hac vice, Nathaniel S. Boyer --
Nathaniel.boyer@hoganlovells.com -- Hogan Lovells US LLP, pro hac
vice,Pieter Van Tol -- pieter.vantol@hoganlovells.com -- Hogan
Lovells US LLP, pro hac vice & Ronald J. Silverman --
Ronald.silverman@hoganlovells.com -- Hogan Lovells US LLP, pro hac
vice.

Mark D. Kozel, as Liquidating Trustee of the ABBK Liquidating
Trust, Appellee, represented by Adam L. Fletcher --
afletcher@bakerlaw.com -- Baker Hostetler LLP, pro hac vice, Alexis
C. Beachdell -- abeachdell@bakerlaw.com -- Baker Hosteller LLP, pro
hac vice, Christine L. Schlomann, Armstrong Teasdale LLP, Kelly S.
Burgan -- kburgan@bakerlaw.com -- Baker Hostetler LLP, pro hac
vice,Michael A. VanNiel -- mvanniel@bakerlaw.com -- Baker Hostetler
LLP, pro hac vice & Robert L. Baer, Robert L. Baer.

           About Abengoa Bioenergy Biomass of Kansas

Three subcontractors asserting disputed state law lien claims
against Abengoa Bioenergy Biomass of Kansas, LLC filed on March
23,
2016, an involuntary petition to place the Company in bankruptcy
under Chapter 7 of the Bankruptcy Code. The case was converted to
a
case under Chapter 11 of the Bankruptcy Code (Bankr. D. Kan. Case
No. 16-10446) on April 8, 2016.

In April 2016, Chief Bankruptcy Judge Robert E. Nugent denied the
request of Abengoa Kansas to transfer its case to the Bankruptcy
Court for the District of Delaware where cases involving its
indirect parent companies and other affiliates are pending. Judge
Nugent said the facts and unique circumstances surrounding Abengoa
Kansas and its known creditors do not warrant transferring the
case.

Abengoa Kansas hired Armstrong Teasdale LLP, and DLA Piper LLP
(US)
as counsel. Petitioning creditor Brahma Group, Inc. is represented
by Martin Pringle Oliver Wallace & Bauer. Petitioning creditors
CRB
Builders LLC and Summit Fire Protection Co. are represented by
Horn
Aylward & Bandy LLC.

The official committee of unsecured creditors is represented in
the
Kansas bankruptcy case by Baker & Hostetler LLP and Cosgrove, Webb
& Oman.

On April 14, 2017, the Debtor filed a disclosure statement, which
explains its proposed Chapter 11 plan of liquidation.

On July 19, 2017, Drivetrain LLC filed a disclosure statement
explaining its proposed plan of liquidation for the Debtor.
Drivetrain is the liquidating trustee appointed pursuant to the
plans of liquidation approved in the Chapter 11 cases of the
Debtor's affiliates in St. Louis, Missouri.


ALBERTSON'S LLC: Moody's Rates Sr. Sec. Term Loan Ba2, Outlook Neg
------------------------------------------------------------------
Moody's Investors Service assigned a Ba2 rating to Albertson's
LLC's proposed new $2.0 billion senior secured term loan. All other
ratings including Albertsons Companies, LLC's B1 Corporate Family
Rating and B1-PD Probability of Default rating are unchanged. The
rating outlook remains negative.

Proceeds of the new term loan, along with drawings on the company's
$4.0 billion revolver (unrated) and cash on hand will be used to
refinance the company's existing senior secured term loan due 2021.


All ratings are subject to the completion of the proposed
transaction and satisfactory review of documentation.

"While the proposed refinancing transaction will reduce funded debt
by around $600 million, pro forma leverage remains high at around
6.7 times for the LTM period ending September 8, 2018," said
Moody's Vice President - Senior Credit Officer Mickey Chadha.
"Although we expect further debt reduction of about $400 million
through seasonal cash flow in the fourth quarter, the highly
competitive and promotional pricing environment in the food
retailing industry makes a sustained material improvement in
topline and metrics difficult and uncertain, thus while we expect
improvement in credit metrics, leverage will remain above 6.0 times
over the near term," Chadha further stated.

Issuer: Albertson's LLC

Senior Secured Term Loan, Assigned Ba2 (LGD2)

RATINGS RATIONALE

The B1 Corporate Family Rating of Albertsons Companies, LLC
reflects the company's very good liquidity, its sizable scale, good
store base, its well established regional brands and its
significant store ownership. The ratings are constrained by
Albertsons' participation in a highly competitive retail segment
and high debt burden associated with its ownership by a financial
sponsor. Leverage on a debt to EBITDA basis (including its
adjustments for leases and pension liabilities) remains high at
around 6.7 times pro forma for the recent refinancing transaction
for the twelve months period ending September 8, 2018. Pricing
pressures in a very competitive business environment and wage
pressure has resulted in tepid topline growth, margins and
profitability. Moody's expects modest inflation and cost
efficiencies to boost top line growth and profitability in the next
12 months. However, its near term expectations include continued
momentum in same store sales and debt reduction using free cash
flow and proceeds from asset sales. Although Moody's expects some
improvement in credit metrics, leverage will likely remain above
6.0 times for the current fiscal year ending in February 2019.
Competitive risks, coupled with a high debt burden and risk
associated with ownership by a financial sponsor, remain major
risks for the company and may impact the company's ability to
improve credit metrics in the near-term.

The company's negative rating outlook reflects the uncertainty in
the company's ability improve operating performance and credit
metrics on a sustained basis in light of the highly price
competitive business environment. The outlook could be stabilized
if recent positive momentum in operating performance is sustained
such that EBITDA, free cash flow and top line growth coupled with
debt reduction result in a sustained improvement in leverage and
interest coverage.

Ratings could be upgraded if debt/EBITDA approaches 5.0 times,
EBITA/interest is sustained above 1.75 times, financial policies
remain benign and liquidity remains very good.

Ratings could be downgraded if recent positive momentum in
operating performance is not sustained, debt/EBITDA is sustained
above 6.25 times or EBITA/interest is sustained below 1.5 times.
Ratings could also be downgraded Moody's sees no clear path towards
significant deleveraging, if the same store sales decline, margins
deteriorate significantly, free cash flow and liquidity
deteriorates, or financial policies become aggressive.

With over $60 billion in annual sales Albertsons Companies is one
of the largest food and drug retailers in the United States. As of
September 8, 2018, the Company operated 2,291 retail food and drug
stores with 1,754 pharmacies, 396 associated fuel centers, 23
dedicated distribution centers, five Plated fulfillment centers and
20 manufacturing facilities. The Company's stores predominantly
operate under the banners Albertsons, Safeway, Vons, Pavilions,
Randalls, Tom Thumb, Carrs, Sav-On, Jewel-Osco, Acme, Shaw's, Star
Market, United Supermarkets, Market Street, Amigos, Haggen and
United Express.

The principal methodology used in these ratings was Retail Industry
published in May 2018.


ALEXANDRIA INVESTMENT: Nov. 29 Plan Confirmation Hearing
--------------------------------------------------------
Bankruptcy Judge John W. Kolwe issued an order approving Alexandria
Investment Group, LLC's disclosure statement dated August 22,
2018.

Nov. 21, 2018 is fixed as the last day for filing written
acceptances or rejection of the Plan(s), and the last day for
filing and serving written Objections to confirmation of the
Plan(s).

Nov. 29, 2018 at 1:30 P.M. is fixed for the Hearing on Confirmation
of the Plan(s).

The Troubled Company Reporter previously reported that general
unsecured claims will be paid from net proceeds of the sales of the
Commercial Papers and Airbase Road Land, after payment of all
administrative and priority claims. The general unsecured claims
will be paid in pro rata fashion and without interest.

A copy of the Disclosure Statement is available at
https://tinyurl.com/ybkmv8tz from PacerMonitor.com at no charge.

               About Alexandria Investment Group

Alexandria Investment Group, LLC, owns a hotel and convention
center located at 2225 and 2301 N. MacArthur Drive, Alexandria,
Louisiana, valued by the company at $2 million.  It also owns 12
acres of land in Alexandria, having a valuation of $300,000.

Alexandria Investment Group sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. La. Case No. 18-80416) on April
24, 2018.  In the petition signed by Dr. Harry Hawthorne, member,
the Debtor disclosed $2.57 million in assets and $5.57 million in
liabilities.  Judge John W. Kolwe presides over the case.  The
Debtor hired Gold, Weems, Bruser, Sues & Rundell, APLC as its legal
counsel.


ALEXANDRIA INVESTMENT: Proposes Auction of Airbase Road Land
------------------------------------------------------------
Alexandria Investment Group, LLC, asks the U.S. Bankruptcy Court
for the Western District of Louisiana to authorize the sale of
approximately 14 acres consisting of three vacant tracts of land
located at or about 1810 Airbase Road, Alexandria, Louisiana at
auction.

The Debtor owns the Airbase Road Land.  The Airbase Road Land is
described as Tract I, Tract II, and Tract III in the legal
description recorded in Conveyance Book 2030, Pages 766-67, in the
records of Rapides Parish, Louisiana, with Notarial Affidavit of
Correction, Conveyance Book 2031, Pages 22-23.  It is not subject
to any liens or encumbrances, except for routine encumbrances
identified in Exhibit A to the Motion.  

As set forth in the Declaration in Support of First Day Motions,
the members of the Debtor had been funding losses of its business,
a hotel and convention center, in excess of $30,000 per month for
approximately 18 months.  Pursuant to Orders of the Court, the
Debtor previously sold its hotel and convention center via auction.
However, the proceeds of the sale of the hotel and convention
center did not satisfy its indebtedness to Red River Bank ("RRB").

The members of the Debtor (excluding Dr. Shaw's estate, which is
involved with litigation with RRB) who guaranteed the secured debt
to RRB each received a guarantor payoff quote of $661,005.  All
guarantors, excluding Dr. Shaw's estate, satisfied their respective
obligations to RRB.

Further, the Debtor has outstanding obligations to certain general
unsecured creditors.  Considering the outstanding obligations to
general unsecured creditors, and given the members' own equity
interests in the Debtor, the Debtor has a significant interest in
assuring the Airbase Road Land commands as great a sales price as
possible.

The Debtor has been engaged in the process of soliciting potential
buyers for the Airbase Road Land, and has retained a real estate
agent to handle the marketing of the property as described in the
Ex Parte Application to Employ Real Estate Broker, which
Application was granted.  As the Airbase Road Land is not easily
salable, and traditional real estate marketing of the Airbase Road
Land has not attracted potential buyers, the Debtor proposes to
sell it by auction.

In order to preserve the estate from maintenance costs, taxes, and
other expenses, and considering the dearth of operating capital,
the Debtor currently has available, it is in the best interest of
the estate and creditors if the sale is had on an expedited basis.

As set forth in the Bidding Procedures Motion being filed
contemporaneously with the Motion, the proposed auction will be
held on Nov. 6, 2018, and the closing would occur by Nov. 20, 2018.
Further, the Debtor asks that the Court approves the sale without
warranty of title and without warranty as to the existence or
continuing validity of any rights; and free and clear of all liens
and encumbrances, except for permitted encumbrances identified in
Exhibit A to the Motion.

The Debtor would submit that the auction of the Airbase Road Land
is in the best interest of its estate and its creditors.  The
Airbase Road Land is the last remaining asset of the Debtor, and no
parties have submitted to the Debtor or its real estate agent any
offer to purchase the Airbase Road Land.  In light of the robust
auction process proposed, the Debtor expects the proposed sale to
yield the highest consideration reasonably possible, without the
outlay of additional capital, which it does not have available.

The Debtor would pray that the proceeds are to be distributed first
to Rod Noles and Jack Hodges of NAI Latter & Blum as the realtor's
commission in the amount of 6% of the total sales price; with
proceeds above and beyond that to be held in the FDIC-insured bank
deposit account at Red River Bank specifically designated by the
Debtor for such proceeds, and remain in said account pending
further order of the Court.

The Debtor submits that it is in the best interest of its estate to
close the sale as soon as possible after all closing conditions
have been met or waived, given the financial status of Debtor and
risk of damage to or other loss of market value of the Airbase Road
Land.  Accordingly, it asks that the Court eliminates the 14-day
stay period under Bankruptcy Rule 6004(h).

A copy of the Exhibit A attached to the Motion is available for
free at:

    http://bankrupt.com/misc/Alexandria_Investment_113_Sales.pdf

               About Alexandria Investment Group

Alexandria Investment Group, LLC, owns a hotel and convention
center located at 2225 and 2301 N. MacArthur Drive, Alexandria,
Louisiana, valued by the company at $2 million.  It also owns 12
acres of land in Alexandria, having a valuation of $300,000.

Alexandria Investment Group sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. La. Case No. 18-80416) on April
24, 2018.  In the petition signed by Dr. Harry Hawthorne, member,
the Debtor disclosed $2.57 million in assets and $5.57 million in
liabilities.  Judge John W. Kolwe presides over the case.  The
Debtor hired Gold, Weems, Bruser, Sues & Rundell, APLC as its
legal
counsel.


ALLIANCE BIOENERGY: Files Chapter 11 Bankruptcy Petition
--------------------------------------------------------
Alliance BioEnergy Plus, Inc. on Oct. 23, 2018, disclosed that the
Company has filed for protection under Chapter 11 of the Federal
Bankruptcy Act.

The Company states, "The Company's board of directors and
recently-appointed management have worked diligently for over 4
months since assuming responsibility from former management in an
effort to bring the Company to viability.  In conjunction with
newly hired President of Alliance Bio-Products, Patrick Simms, at
the end of September we completed our due diligence of the
Company's previously proposed acquisition of the ethanol plant we
were seeking to acquire.  Our analysis revealed that, based on
current corn and ethanol prices, the plant would have been too
great a cash drain prior to the time we would have been able to
install our CTS 2.0 technology, thereby modifying the facility from
a corn to a cellulosic ethanol plant.  The combined cost of the
acquisition and bridge financing, together with the uncertainty of
the time-frame required to reach profitability, made it literally
impossible to fund the acquisition.  On that basis, we determined
that the project is not economically feasible and we have decided
to abandon it."

"The board has now determined to seek sufficient financing directly
into the parent Company (Alliance BioEnergy Plus, Inc.) to complete
the engineering necessary to commercialize its CTS 2.0 technology.
In order to accomplish this, the board has determined that the
Company has no alternative other than to seek protection under a
Chapter 11 Bankruptcy filing in order to deal with its current debt
and to stay and eliminate certain pending and threatened lawsuits
against the Company.

"To guide the Company through the process of dealing with
litigation, obtaining necessary capital and developing a viable
exit strategy, our board member Anthony Santelli has been appointed
Chief Operating Officer for the duration of Chapter 11 proceedings
and Patrick Simms has been appointed Vice President of
Manufacturing of Alliance BioEnergy Plus, Inc."

"We believe that filing for Chapter 11 buys us the time to seek the
necessary capital to bring the Company's CTS 2.0 technology to
commercialization.  We are in contact with various parties we
believe are capable of investing the necessary sums. In the
meantime, we have hired experienced attorneys to aggressively
contest the various lawsuits filed against us in order to eliminate
disputed debts and claims and make the Company more attractive to
investors.  We believe that the Company has available defenses to
each of these cases and claims and that we will prevail in each of
them. The Company's board and management are personally committed
to doing everything possible to minimize dilution to shareholders
while retaining our valuable intellectual property rights," said
our CEO, Ben Slager.

                    About Alliance BioEnergy

Alliance BioEnergy Plus, Inc. (otcqb:ALLM), through its
subsidiaries, focuses on technologies in the renewable energy,
biofuels, and new technologies sectors.  It holds license to the
patented technology CTS, a mechanical/chemical dry process for
converting cellulose material into sugar for use in the biofuels
industry, as well as other fine chemical manufacturing.  The
Company was formerly known as Alliance Media Group Holdings, Inc.
and changed its name to Alliance Bioenergy Plus, Inc. in December
2014 to reflect its new direction.  Alliance Bioenergy Plus, Inc.
was founded in 2012 and is based in West Palm Beach, Florida.


ALLIANCE HEALTHCARE: Egan-Jones Withdraws B- Sr. Unsecured Ratings
------------------------------------------------------------------
Egan-Jones Ratings Company, on October 15, 2018, withdrew its 'B-'
foreign currency and local currency senior unsecured ratings on
debt issued by Alliance HealthCare Services Incorporated.

Alliance Healthcare Services, Inc. founded in 1983 and is
headquartered in Newport Beach, California. The company provides
outsourced healthcare services to hospitals and healthcare
providers in the United States.



AMERICAN APPAREL: Nov. 28 Plan Confirmation Hearing
---------------------------------------------------
Judge Brendan L. Shannon of the United States Bankruptcy Court for
the District of Delaware has approved APP Winddown, LLC (f/k/a
American Apparel, LLC) and affiliates' disclosure statement in
support of its second amended joint plan of liquidation dated Oct.
16, 2018.

A hearing to consider the confirmation of the Plan will be held on
November 28, 2018 at 10:00 a.m. (prevailing Eastern time).  For
votes to accept or reject the Plan to be counted, ballots must be
completed and returned so that it is received by 5:00 p.m.,
prevailing Eastern time, on November 21, 2018.  Objections, if any,
to the confirmation of the Plan must be filed with the Bankruptcy
Court so that they are received no later than 4:00 p.m., prevailing
Eastern time, on November 21.

Under the second amended plan, each holder of an allowed general
unsecured claim will receive its Pro Rata Share of the Creditors'
Fund Trust Net Class 4 Distributable Cash, up to the Allowed amount
of said Holder's General Unsecured Claim; provided, however, that
pursuant to the UCC-LT Settlement, members of the Committee of Lead
Lenders that are Holders of Prepetition Term Loan Deficiency Claims
will not receive a distribution on account of such Prepetition Term
Loan Deficiency Claims, and any such Prepetition Term Loan
Deficiency Claims will not be used in the calculation of Pro Rata
Share. General unsecured creditors are estimated to recover 0-1.5%
instead of the 0-2% provided in the previous plan.

All Debtors other than the Post-Confirmation Debtors will be deemed
dissolved for all purposes as of the Effective Date, without need
of further Court order. All existing Interests in the Debtors other
than the Post-Confirmation Debtors will be deemed extinguished and
canceled as of the Effective Date.

A full-text copy of the Second Amended Disclosure Statement is
available for free at:

      http://bankrupt.com/misc/deb16-12551-1929.pdf

A redlined version of the First Amended Disclosure Statement is
available for free at:

      http://bankrupt.com/misc/deb16-12551-1864.pdf

                 About American Apparel

American Apparel Inc. was one of the largest apparel manufacturers
in North America, employing 4,700 employees across 3 active
manufacturing facilities, one distribution facility and
approximately 110 retail stores in the United States.

American Apparel and its affiliates filed for Chapter 11
protection
in October 2015, confirmed a fully consensual plan of
reorganization in January 2016, and substantially consummated that
plan on Feb. 5, 2016.  Unfortunately, the business turnaround plan
upon which the Debtors' plan of reorganization was premised
failed.

American Apparel LLC, n/k/a APP Windown, LLC, along with five of
its affiliates, again sought bankruptcy protection (Bankr. D. Del.
Lead Case No. 16-12551) on Nov. 14, 2016, with a deal to sell the
assets.  The petitions were signed by Bennett L. Nussbaum, chief
financial officer.

As of the bankruptcy filing, the Debtors estimated assets and
liabilities in the range of $100 million to $500 million each.  As
of the Petition Date, the Debtors had outstanding debt in the
aggregate principal amount of approximately $215 million under
their prepetition credit facility.  Additionally, the Debtors have
guaranteed one of its United Kingdom subsidiaries' obligations
under a $15 million unsecured note due Oct. 15, 2020, according to
court document.

The Debtors have hired Laura Davis Jones, Esq. and James E.
O'Neill, Esq., at Pachulski Stang Ziehl & Jones LLP as counsel;
Erin N. Brady, Esq., Scott J. Greenberg, Esq., and Michael J.
Cohen, Esq., at Jones Day as co-counsel; Berkeley Research Group,
LLC, as financial advisors; Houlihan Lokey as investment banker;
and Prime Clerk LLC, as claims and noticing agent.

The Official Committee of Unsecured Creditors is represented by
lawyers at Bayard P.A. and Cooley LLP.

In early 2017, the Debtors succeeded in selling their intellectual
property and certain of their wholesale assets to Gildan
Activewear
SRL for approximately $100 million.  The Court approved the Sale
on
Jan. 12, 2017, and the Sale closed on Feb. 8, 2017.

On Feb. 9, 2017, in accordance with the closing of the Sale and
the
Sale Order, the Debtors filed appropriate documentation to change
their names as:

      New Name                     Former Name
      --------                     -----------
  APP Winddown, LLC             American Apparel, LLC
  APP USA Winddown, LLC         American Apparel (USA), LLC
  APP Retail Winddown, Inc.     American Apparel Retail, Inc.
  APP D&F Winddown, Inc.        American Apparel Dyeing &
                                    Finishing, Inc.
  APP Knitting Winddown, LLC    KCL Knitting, LLC
  APP Shipping Winddown, Inc.   Fresh Air Freight, Inc.


AQUA LIFE: 4th Amended Disclosures OK'd; Dec. 7 Plan Hearing
------------------------------------------------------------
Bankruptcy Judge Robert A. Mark issued an order approving Aqua
Life, Corp.'s fourth amended disclosure statement in support of its
third amended plan of reorganization.

The last day for filing and serving objections to confirmation of
the plan is Nov. 23, 2018.

The court has set a hearing on Dec. 7, 2018 at 9:30 to consider
confirmation of the plan on a.m. and continuing on Dec. 10, 2018 at
9:30 a.m.

As previously reported by the Troubled Company Reporter, unsecured
creditors will get a 5% distribution under the plan.

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

     http://bankrupt.com/misc/flsb17-15918-294.pdf  

                    About Aqua Life Corp.

Aqua Life Corp., which conducts business under the name of
Pinch-A-Penny #43, filed a Chapter 11 petition (Bankr. S.D. Fla.
Case No. 17-15918) on May 10, 2017. The petition was signed by
Raymond E. Ibarra, vice-president.  At the time of filing, the
Debtor had $1.07 million in assets and $2.49 million in
liabilities.

The case is assigned to Judge Robert A Mark.  The Debtor tapped
Agentis PLLC as its legal counsel.
  
No trustee, examiner or statutory committee has been appointed in
the Debtor's case.


BAKKEN INCOME: TEP Buying Remaining Oil & Gas Assets for $57K
-------------------------------------------------------------
Bakken Income Fund, LLC, asks the U.S. Bankruptcy Court for the
District of Colorado to authorize the sale of remaining
Colorado-based oil and gas holdings to TEP Rocky Mountain, LLC
under the terms of the Letter Agreement for the Assets is $56,533,
subject to limited adjustments.

The Assets consist of Colorado property rights and interests,
including the Debtor's oil, gas and/or mineral interests, leases,
rights, royalties, pooling rights, well interests, and
hydrocarbons.  The Assets also include the Debtors right, title and
interest in all properties, fixtures, equipment, inventory, and
improvements with respect to any Leases, Lands or Wells held by the
Debtor, as well as related contracts, rights-of-way, easements, and
certain records pertaining to the Assets.

The purchase price for the Assets is subject to limited adjustments
related to the closing costs of one well located in Garfield
County, Colorado, and certain ad valorem taxes. The Purchase Price
is payable to the Debtor at closing.

To the Debtor's knowledge, there are no liens on the Assets, and
the Sale will be undertaken free and clear of any and all liens,
claims, interests, encumbrances, and liabilities.  The Debtor may
be responsible for a commission to TenOaks equal to no more than 3%
of the Purchase Price.

The Debtor engaged TenOaks to market the Assets and no auction is
contemplated.  The Agreement requires Court approval of the Sale
on
Nov. 1, 2018, after which time, the Buyer may terminate the
Agreement.  The Agreement does not require the Buyer to pay a
deposit and requires the Debtor to assign and deliver the Assets to
the Buyer by bill of sale free and clear of liens and encumbrances.
It allows the Debtor to retain control over records related to the
Assets sufficient to administer the bankruptcy estate.

These Assets are fairly limited in scope, the Debtor having
conveyed the bulk of its property to Zavanna, LLC and Equinor
Energy LP, formerly known as Statoil Oil & Gas LP, under the terms
of Purchase and Sale Agreements and corresponding agreements
approved by the Court in July of 2018.  Those transactions closed
on August 15, 2018.  The Zavanna and Equinor transactions produced
net proceeds totaling $1.9 million that were paid in full to the
Debtor's secured lender, BOKF, N.A., doing business as Bank of
Oklahoma, N.A. ("BOK"), in full and complete satisfaction of all
liens and claims asserted against the Debtor.

By separate motion, the Debtor asks the authority to assume and
assign all leases and executory contracts included in the Sale.  If
an agreement is not an executory contract for purposes of Section
365 of the Bankruptcy Code, it will nevertheless be conveyed as an
asset pursuant to Section 363.

Finally, the Debtor asks the Court to waive the 14-day stay imposed
by Fed.R.Bank.P. 6004(b).

A copy of the Agreement attached to the Motion is available for
free at:

   http://bankrupt.com/misc/Bakken_Income_262_Sales.pdf

The Purchaser:

          Michael S. Land
          TEP RORCKY MOUNTAIN, LLC
          4828 Loop Central Drive, Suite 900
          Houston, TX 77081

                    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 liabilities 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.


BAUSERMAN SERVICE: Case Summary & 16 Unsecured Creditors
--------------------------------------------------------
Debtor: Bauserman Service, Inc.
           dba Maryland Airport
        3900 Livingston Road
        Indian Head, MD 20640

Business Description: Founded in 1945, Bauserman Service
                      owns and operates the Maryland Airport,
                      a general aviation airport in western
                      Charles County, located four miles east of
                      the Town of Indian Head, Maryland.

Chapter 11 Petition Date: October 23, 2018

Court: United States Bankruptcy Court
       District of Maryland (Greenbelt)

Case No.: 18-24054

Judge: Hon. Thomas J. Catliota

Debtor's Counsel: Steven L. Goldberg, Esq.
                  MCNAMEE HOSEA
                  6411 Ivy Lane, Suite 200
                  Greenbelt, MD 20770
                  Tel: (301) 441-2420
                  Email: sgoldberg@mhlawyers.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Tammy Potter, president.

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/mdb18-24054.pdf


BELLA BAG: Plan and Disclosure Statement Hearing Set for Nov. 15
----------------------------------------------------------------
Bankruptcy Judge Barbara Ellis-Monro conditionally approved Bella
Bag, LLC, d/b/a Bella Bag Limited Liability Company's disclosure
statement in support of its plan of reorganization.

Nov. 12, 2018, is fixed as the last day for filing written
acceptances or rejections of plan, and the last day for filing and
serving written objections to the Disclosure Statement or to
confirmation of the plan.

A hearing will be held in Courtroom 1402, U.S. Courthouse, 75 Ted
Turner Dr, SW., Atlanta, Georgia at 11:00 a.m. on Nov. 15, 2018 to
consider any objections to the Disclosure Statement or to consider
confirmation of the Plan.

The Troubled Company Reporter previously reported that the source
of funds for the payments pursuant to the Plan is the continued
operation of Debtor's store as well as an equity nvestment upon
confirmation of the Plan.

A copy of the Disclosure Statement is available for free at:

      http://bankrupt.com/misc/ganb18-58840-67.pdf

                        About Bella Bag

Bella Bag, LLC -- https://www.bellabag.com/ -- is a privately held,
Atlanta-based company that buys and sells pre-owned designer-label
handbags like Chanel, Louis Vuitton, Dior, Gucci, Hermes and Prada.
With authenticity as the cornerstone of the Bella Bag brand,
in-house experts meticulously inspect each handbag for authenticity
using the company's patent-pending 13-Step Authenticity
Inspection.

Bella Bag, LLC, based in Atlanta, GA, filed a Chapter 11 petition
(Bankr. N.D. Ga. Case No. 18-58840) on May 30, 2018.  In the
petition signed by Cassandra Connors, managing member, the Debtor
estimated $0 to $50,000 in assets and $1 million to $10 million in
liabilities.  The Hon. Barbara Ellis-Monro presides over the case.
Cameron McCord, Esq., at Jones & Walden, LLC, serves as bankruptcy
counsel.


BELLE MERE: Sheriff Loses Summary Ruling Bid vs B. Spencer, et al.
------------------------------------------------------------------
Plaintiffs Beverly Spencer, C.B.S. Properties, LLC, and B & V
Wrecker Service, Inc. bring the action captioned BEVERLY SPENCER,
et al., Plaintiffs, v. SHERIFF JONATHAN BENISON, et al.,
Defendants, No. 7:16-cv-01334-LSC (N.D. Ala.) against Defendants
Sheriff Jonathan Benison in his individual capacity and in his
official capacity as Sheriff of Greene County; D.R.EA.M., Inc.;
Bell Mere Properties, LLC; Accuity Capital Group, LLC; Bernard
Gomez; and Che D. Williamson alleging claims under 42 U.S.C.
sections 1983 and 1985 and state law. Sheriff Benison' filed a
Motion for Summary Judgment, Motion for Reimbursement of Fees &
Costs, and Motion to Strike.
Upon review, District Judge L. Scott Coogler denied Sheriff
Benison's Motion for Summary Judgment and his Motion for
Reimbursement of Fees & Costs. Benison's Motion to Strike is
granted.

Plaintiffs sued Sheriff Benison, in both his individual and
official capacity, for depriving Plaintiffs of their property and
liberty rights in violation of the Fifth and Fourteenth Amendments.
Sheriff Benison first moves for summary judgment on Count I of
Plaintiffs' Complaint, arguing that qualified immunity protects him
from being sued in his individual capacity. Government officials
are provided complete protection by qualified immunity when sued in
their individual capacities, as long as "their conduct 'does not
violate clearly established statutory or constitutional rights of
which a reasonable person would have known.'" Qualified immunity
allows government officials to carry out the discretionary duties
of their position "without the fear of personal liability or
harassing litigation, protecting from suit `all but the plainly
incompetent or one who is knowingly violating federal law.'" The
Eleventh Circuit engages in a two-part analysis to determine
whether a government official is entitled to the defense of
qualified immunity. "First the official must prove that the
allegedly unconstitutional conduct occurred while he was acting
within the scope of his discretionary authority. Second, if the
official meets that burden the plaintiff must prove that the
official's conduct violated clearly established law."

Here, the constitutional injury Plaintiffs complain of concerns
Sheriff Benison's order that Spencer remove vehicles and cones from
his property, thereby allowing Frontier Bingo to complete its
construction and depriving Plaintiffs without due process or just
compensation of their property interest in that portion of their
land.

Sheriff Benison argues that he had the power to interfere with
Plaintiffs' private property to ensure that people could enter and
exit the bingo hall safely. To support this assertion, he cites to
cases where the police were found to have the authority to remove
vehicles from public streets and where the government was found to
have the authority to prevent protestors from blocking the entrance
to an abortion clinic. However, neither of these cases address
whether it is within a sheriff's responsibilities as a law
enforcement officer to order the removal of a private landowner's
property, while it is on that landowner's property, absent a court
order.

The record evidence indicates that a reasonable jury could find
that Sheriff Benison was not acting as a law enforcement officer
when he ordered Spencer to move his vehicles and cones. Sheriff
Benison has failed to establish that he was acting within the scope
of his discretionary authority and is not entitled to qualified
immunity at this summary judgment stage.

The Court also finds that Plaintiffs have presented sufficient
evidence for a reasonable jury to infer that Sheriff Benison
reached an agreement to violate Plaintiffs' constitutional rights.
Plaintiffs first argue that Sheriff Benison's statement that "his
customers" were in the bingo hall supports a finding of conspiracy
because it shows that he recognized a pecuniary interest in the
bingo operation. To further support their argument, Plaintiffs
point out that Greene County's Rules and Regulations require bingo
operators to pay the Sheriff's Department certain fees, such as the
$110 monthly fee. Taken together, these facts suggest that Sheriff
Benison had an incentive to support Greene County's bingo halls so
as to keep them operating and that he had a pecuniary interest in
ensuring that Frontier Bingo maintained its customer base. Sheriff
Benison's motion for summary judgment on Plaintiffs' conspiracy
claim is denied.

A copy of the Court's Memorandum of Opinion dated Oct. 9, 2018 is
available at https://bit.ly/2ysnPZp from Leagle.com

Beverly Spencer, C.B.S. Properties LLC & B & V Wrecker Service Inc,
Plaintiffs, represented by Bobby H. Cockrell, Jr., COCKRELL &
COCKRELL & Gregory Scotch Ritchey, Jr., COCKRELL, COCKRELL,
TOWNSEND & RITCHEY.

Sheriff Jonathan Benison, in his individual and offical capacities,
Defendant, represented by Kendrick E. Webb -- kwebb@webbeley.com --
WEBB & ELEY PC, J Randall McNeill WEBB & ELEY PC & Todd A. Brown --
tbrown@webbeley.com -- WEBB & ELEY, P.C.

Dream Inc, Belle Mere Properties LLC, Accuity Capital Group LLC &
Bernard Gomez, individually and as registered agent of Belle Mere
Properties LLC, Defendants, represented by E. Kenneth Aycock, Jr.,
E. KENNETH AYCOCK PC & Mark A. Scogin, ESPY NETTLES SCOGIN &
BRANTLEY PC.

Che D Williamson, individually and as registered agent of Belle
Mere Properties LLC, Defendant, represented by Mark A. Scogin, ESPY
NETTLES SCOGIN & BRANTLEY PC.

Belle Mere Properties, LLC filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Ala. Case No. 12-70782) on April 17, 2012, listing
under $1 million in both assets and debts.  It is represented by:
Herbert M. Newell, III, Esq., at Newell & Associates LLC.


BERNARD L. MADOFF: Trustee Bid for Leave to Serve PAC Partly OK'd
-----------------------------------------------------------------
In the case captioned IRVING H. PICARD, Trustee for the Liquidation
of Bernard L. Madoff Investment Securities LLC, Plaintiff, v. BNP
PARIBAS S.A., et al. Defendants, Adv. Proc. No. 12-01576 (SMB)
(Bankr. S.D.N.Y.), Bankruptcy Judge Stuart M. Bernstein grants in
part and denies in part the motion for leave to serve proposed
amended complaint filed by Plaintiff Irving H. Picard,the trustee
for the liquidation of Bernard L. Madoff Investment Securities LLC.
The Defendants' motion to dismiss for lack of personal jurisdiction
is denied.

Plaintiff Irving H. Picard, the trustee for the liquidation of
Bernard L. Madoff Investment Securities LLC under the Securities
Investor Protection Act filed his proposed Amended Complaint on
August 30, 2017 seeking to recover avoidable transfers totaling
approximately $156 million from subsequent transferees BNP Paribas
S.A., BNP Paribas Arbitrage SNC, BNP Paribas Securities Services
S.A., and BNP Paribas Bank & Trust (Cayman) Limited. The Defendants
have moved to dismiss the PAC arguing that (i) it was improperly
filed without leave of Court, (ii) the Court lacks personal
jurisdiction over the Defendants, (iii) the PAC fails to state
claims upon which relief can be granted, and (iv) certain claims
are time-barred.

To avoid jurisdiction on the basis that it would fail to comport
with traditional notions of fair play and substantial justice, the
defendant must present a "compelling case that the presence of some
other considerations would render jurisdiction unreasonable." The
Defendants do not suggest that the exercise of personal
jurisdiction would be unreasonable, and they are represented by
capable New York counsel in this Court. Accordingly, the
Defendants' motion to dismiss for lack of personal jurisdiction is
denied.

The Defendants argue that the PAC was improperly filed without
leave of Court or consent as required under Rule 15(a)(2) of the
Federal Rules of Civil Procedure, made applicable to this adversary
proceeding by Rule 7015 of the Federal Rules of Bankruptcy
Procedure. Although the PAC is a nullity because it was filed
without leave, the Court treats the pending motion, though made by
the Defendants, as one for leave to file the PAC. The same standard
governs a motion for leave to amend and a motion to dismiss for
failure to state a claim. Furthermore, no party will be prejudiced
because they have extensively briefed and argued the common legal
principle that governs both motions.

The subsequent transfers to the Defendants listed in the PAC, old
and new, were not part of the common fraudulent scheme or pattern
present in Adelphia and Peter Madoff. Each arose out of a separate
leverage transaction or redemption, and the facts and circumstances
surrounding the value given in exchange for the transfer will
differ. Moreover, the Court has concluded that the PAC fails to
plead the Defendants' bad faith. Thus, unlike the claims relating
to transactions involving the Rigas or Peter Madoff's family, the
Defendants were not at the center of a common scheme to strip
assets from BLMIS, but instead, were looking to payments from third
parties. Accordingly, the New Subsequent Transfer Claims are time
barred, and it is futile to permit the Trustee to amend the
Complaint to assert them.

For the reasons stated, the Defendants' motion to dismiss for lack
of personal jurisdiction is denied. The Trustee's motion for leave
to amend his pleading is denied to the extent of the assertion of
the New Subsequent Transfer Claims and is otherwise granted except
that the only issue regarding each surviving transfer is whether
the Defendant subsequent transferee (or a predecessor subsequent
transferee) gave value for the transfer. The Court has considered
the parties' other arguments and concludes that they are without
merit or rendered moot by the disposition of the motion.

A copy of the Court's Memorandum Decision dated Oct. 3, 2018 is
available for free at https://bit.ly/2ys1kni from Leagle.com.

Securities Investor Protection Corporation, Plaintiff, represented
by Kevin H. Bell, Securities Investor Protection Corp, Nathanael
Kelley, Securities Investor Protection Corporation, Christopher H.
LaRosa, Securities Investor Protection Corp & Josephine Wang,
Securities Investor Protection Corp.

Russell Oasis & RAR Entrepreneurial Fund, LTD., Defendants,
represented by Helen Davis Chaitman -- hchaitman@chaitmanllp.com.

Chaitman LLP & Gregory M. Dexter -- gdexter@chaitmanllp.com --
Chaitman LLP.

Edmond A. Gorek & Marguerite M. Gorek, Defendants, represented by
Margarita Y. Ginzburg -- mginzburg@daypitney.com -- Day Pitney LLP
& Thomas D. Goldberg -- tgoldberg@daypitney.com -- Day Pitney LLP.

Gerald J. Block, Defendant, represented by Jessica Mikhailevich --
mikhailevich.jessica@dorsey.com -- Dorsey & Whitney LLP.

Pamela Goldman, Defendant, pro se.

A&G Goldman Partnership, Gerald Goldman & Alan Goldman, Defendants,
represented by Michael Ira Goldberg, Akerman LLP.

Marsha Peshkin, Adele Fox, Susanne Stone Marshall, Sharon Popkin &
The Estate of Leonard Miller, Defendants, represented by Helen
Davis Chaitman, Chaitman LLP.

About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of
New
York granted the application of the Securities Investor Protection
Corporation for a decree adjudicating that the customers of BLMIS
are in need of the protection afforded by the Securities Investor
Protection Act of 1970.  The District Court's Protective Order (i)
appointed Irving H. Picard, Esq., as trustee for the liquidation
of
BLMIS, (ii) appointed Baker & Hostetler LLP as his counsel, and
(iii) removed the SIPA Liquidation proceeding to the Bankruptcy
Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789) (Lifland, J.).  Mr.
Picard has retained AlixPartners LLP as claims agent.

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The petitioning creditors -- Blumenthal &
Associates Florida General Partnership, Martin Rappaport
Charitable
Remainder Unitrust, Martin Rappaport, Marc Cherno, and Steven
Morganstern -- assert US$64 million in claims against Mr. Madoff
based on the balances contained in the last statements they got
from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).  The Chapter 15 case was later
transferred to Manhattan.  In June 2009, Judge Lifland approved
the
consolidation of the Madoff SIPA proceedings and the bankruptcy
case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to 150
years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.).

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims.  As of Nov. 30,
2017, the SIPA Trustee has recovered, from pre-litigation and
other
settlements, nearly $12.789 billion -- more than 73% of the
currently estimated principal amount lost in the Ponzi scheme by
those who filed claims.  Following the ninth distribution of
$584.5
million in February 2018, the aggregate amount distributed to
customers will total nearly $9.725 billion, with 1,386 BLMIS
accounts fully satisfied.  This ninth pro rata interim
distribution, when combined with the prior eight distributions,
will equal 63.683 percent of each customer's allowed claim amount,
unless that claim has been fully satisfied.


BILLY HADDOCK: Case Summary & 14 Unsecured Creditors
----------------------------------------------------
Debtor: Billy Haddock & Son Farms, a N.C. General Partnership
        5370 NC Hwy 102 E
        Grimesland, NC 27837

Business Description: Billy Haddock & Son Farms is a privately
                      held company in Grimesland, North Carolina
                      in the crop farming industry.

Chapter 11 Petition Date: October 23, 2018

Court: United States Bankruptcy Court
       Eastern District of North Carolina
       (Greenville Division)

Case No.: 18-05179

Judge: Hon. Joseph N. Callaway

Debtor's Counsel: Trawick H. Stubbs, Jr., Esq.
                  STUBBS & PERDUE, P.A.
                  P.O. Drawer 1654
                  New Bern, NC 28563
                  Tel: 252 633-2700
                  Fax: 252 633-9600
                  Email: efile@stubbsperdue.com
                         tstubbs@stubbsperdue.com

Total Assets: $1,626,608

Total Liabilities: $4,300,742

The petition was signed by Brian R. Haddock, partner.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 14 unsecured creditors is available for free
at:

           http://bankrupt.com/misc/nceb18-05179.pdf


BIOSCRIP INC: Appoints John McMahon as Chief Accounting Officer
---------------------------------------------------------------
BioScrip, Inc. has appointed John McMahon as vice president,
controller and chief accounting officer of the Company, effective
Oct. 19, 2018.

Mr. McMahon is a certified public accountant and has more than 25
years of accounting and finance experience, including over a decade
in principal accounting officer roles at publicly traded companies,
such as Heska Corporation where he was the chief financial officer
and Advanced Energy Industries, Inc. where he was the corporate
controller.  Earlier in his career, Mr. McMahon held senior
accounting and audit positions with a variety of other publicly
traded companies, including Danka Business Systems PLC, Sykes
Enterprises, Inc. and Documentum.

"John brings substantial public company accounting and internal
controls leadership to BioScrip.  I am very excited to welcome
John, as his appointment is indicative of the solid momentum our
team has made toward building a best-in-class accounting and
finance organization.  I look forward to working closely with John
and the rest of our team as we continue to drive excellence with
the support of our accounting and finance functions," said Stephen
Deitsch, senior vice president and chief financial officer.

Mr. McMahon's annual salary will be $275,000, and he is eligible to
participate in the Company's Management Incentive Bonus Program,
provided that he remains continuously employed with the Company
through the date that the bonus is paid.  Mr. McMahon is eligible
for a bonus of up to 40% of his base salary, as determined by the
Company and the Board of Directors of the Company, and subject to
corporate, departmental and individual objectives being met.  His
participation in the 2018 Management Incentive Bonus Plan will be
prorated based on his hire date.

Subject to the approval of the Management Development and
Compensation Committee of the Board, Mr. McMahon will be granted
equity awards consisting of a long-term incentive award of options
with a value of $68,750 and restricted stock units with a value of
$68,750.  If that grant is approved, the options and RSUs will vest
at a rate of one-third per year over three years commencing on the
first anniversary of the grant date.

                     About BioScrip, Inc.

Headquartered in Denver, Colo., BioScrip, Inc. --
http://www.bioscrip.com/-- is a national provider of infusion
solutions that partners with physicians, hospital systems, skilled
nursing facilities and healthcare payors to provide patients access
to post-acute care services.  The Company operates with a
commitment to bring customer-focused infusion therapy services into
the home or alternate-site setting.  By collaborating with the full
spectrum of healthcare professionals and the patient, the Company
aims to provide cost-effective care that is driven by clinical
excellence, customer service and values that promote positive
outcomes and an enhanced quality of life for those whom it serves.

BioScrip reported a net loss attributable to common stockholders of
$74.27 million for the year ended Dec. 31, 2017, compared to a net
loss attributable to common stockholders of $51.84 million for the
year ended Dec. 31, 2016.

As of June 30, 2018, Bioscrip had $566.14 million in total assets,
$595.6 million in total liabilities, $3.02 million in series A
convertible preferred stock, $84.46 million in series C convertible
preferred stock, and a total stockholders' deficit of $116.96
million.

                           *    *    *

As reported by the TCR on Aug. 1, 2018, Moody's Investors Service
upgraded BioScrip Inc's Corporate Family Rating to 'Caa1' from
'Caa2'.  BioScrip's Caa1 Corporate Family Rating reflects the
company's very high leverage and weak liquidity.

In August 2018, S&P Global Ratings raised its issuer credit rating
on BioScrip Inc. to 'CCC+' from 'CCC'.  "The rating upgrade
reflects our belief that BioScrip will be able to meet its debt
obligations for at least the next 12 months."



BITE THE BULLET: Unsecureds to be Paid $16,500 in Latest Plan
-------------------------------------------------------------
Unsecured creditors of Bite The Bullet LLC will be paid $16,500
from the operating cash flow of the company, according to its
latest plan to exit Chapter 11 protection.

According to the amended reorganization plan filed on Oct. 11,
creditors holding Class 2 general unsecured claims will receive
payment of $1,500 in 2020, and $15,000 in 2021.  

In addition, unsecured creditors will be paid 80% of the net amount
the company will recover from the adversary case (Case No.
18-01065) it filed against equity holders David and Diane Meister.
The case seeks avoidance and recovery of $292,999.81 in transfers
of the company's property made to the Meisters prior to the
petition date.

Bite The Bullet will fund the plan with its cash flow from
operations and from net litigation proceeds, according to the
company's disclosure statement filed on Oct. 11.

A copy of the amended Chapter 11 plan of reorganization is
available for free at:

     http://bankrupt.com/misc/nvb18-12813-145.pdf

A copy of the amended disclosure statement is available for free
at:

     http://bankrupt.com/misc/nvb18-12813-144.pdf

                       About Bite the Bullet

Bite The Bullet LLC -- https://www.bitethebullet.co -- is an
ammunition supplier based in Las Vegas, Nevada. Bite the Bullet is
a licensed, insured, and ATF approved Federal Firearm License (FFL)
manufacturer of commercially loaded Ammo. Since 2013, Bite the
Bullet has been supplying bulk ammo online offering a variety of
high use popular calibers.

Bite The Bullet LLC, based in North Las Vegas, NV, filed a Chapter
11 petition (Bankr. D. Nev. Case No. 18-12813) on May 16, 2018.  In
the petition signed by David Zitiello Jr., managing member, the
Debtor disclosed $465,433 in assets and $1.26 million in
liabilities.  The Hon. Laurel E. Babero presides over the case.
Robert Atkinson, Esq., at Atkinson Law Associates Ltd., serves as
bankruptcy counsel.


BLACK DIAMOND HOSPITALITY: Unsecureds to be Paid from Net Revenue
-----------------------------------------------------------------
Unsecured creditors of Black Diamond Hospitality, LLC, will receive
a pro rata distribution equal to 10% of the net revenue generated
by the company over five years, according to a disclosure statement
filed in support of the joint Chapter 11 plan of reorganization
proposed by Black Diamond President Rashad Khan and his company.

According to the filing, beginning on the first month following
confirmation of the plan, the company will set aside an amount
equal to 10% of the preceding month's net revenue.  Pro rata
distributions will be made to the company's creditors holding Class
7 unsecured claims on a quarterly basis.

Black Diamond anticipates that Class 7 creditors will receive a
total amount of $28,804.27 over the five-year period following
confirmation of the plan.  Assuming that the total amount of
unsecured claims is $2,048,072.04, unsecured creditors of the
company will receive approximately 1.4% of their claims.

Funding of the plan will be derived from post-petition exit
financing in the form of a loan, Black Diamond's operations and Mr.
Khan's salaries.   

On or before the effective date of the plan, Mr. Khan and his
company will be required to close on their loan from Mumtaz Khan,
the president's father, in the amount of at least $200,000.
Following confirmation, funds from the loan will be disbursed first
to unclassified priority claims and tax claims, and then any
remaining funds will be disbursed to Black Diamond for operations,
according to the disclosure statement filed on Oct. 11 with the
U.S. Bankruptcy Court for the District of Colorado.

A copy of the disclosure statement is available for free at:

     http://bankrupt.com/misc/cob17-16233-185.pdf

                 About Black Diamond Hospitality

Black Diamond Hospitality, LLC, is a privately held company that
operates vacation lodges in Longview, Texas.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Colo. Case No. 17-16234) on July 6, 2017.  Rashad
Khan, authorized representative, signed the petition.  

At the time of the filing, the Debtor disclosed that it had
estimated assets and liabilities of $1 million to $10 million.   

Lee M. Kutner, Esq., at Kutner Brinen, P.C., serves as the Debtor's
legal counsel.  

Judge Joseph G. Rosania Jr. presides over the case.


BON-TON STORES: 3200 Buying Wilmette Property for $12.5 Million
---------------------------------------------------------------
The Bon-Ton Stores, Inc., and its affiliates, together with the
Bon-Ton Purchaser, ask the U.S. Bankruptcy Court for the District
of Delaware to authorize the Debtors to enter into the Purchase and
Sale Agreement dated Oct. 4, 2018 by and between Seller Bonstores
Realty Two, LLC, and the Bon-Ton Purchaser and 3200 Lake Avenue,
LLC, in connection with the sale of their interest in the real
property located in Wilmette, Illinois, together with certain
personal property located thereon, for 12.5 million.

In the alternative, the Movants ask that the Court (i) authorizes
the transfer of the Debtors' interest in the Property to the
Bon-Ton Purchaser or its designee, free and clear of any lien,
claim, interest, or encumbrance other than in the REA or Sub-Ground
Lease, but subject either to a determination that Sections 8.2 and
23.3 of the REA are unenforceable; or (ii) alternatively,
authorizes the rejection of either the entire REA or Sections 8.2
and 23.3 of the REA, as well as rejection of the Sub-Ground Lease,
and related relief.

The Bon-Ton Purchaser is comprised of (i) the contractual joint
venture comprised of GA Retail, Inc. and Tiger Capital Group, LLC
and (ii) Wilmington Savings Fund Society, FSB, as the indenture
agent and collateral trustee for the 8% second-lien senior secured
notes due 2021 issued by The Bon-Ton Department Stores, Inc.

The Property is located in a shopping center called Edens Plaza in
Wilmette, Illinois.  The Debtors have operated a Carson's
department store on the Property.  As of the Petition Date, it was
subject to the REA, a reciprocal operating and easement agreement
to which Seller/Developer, Edens Plaza, LLC, and Sublessee Edens
Annex, LLC are parties.  The Property is further subject to an
unexpired lease involving Developer.

Since the Petition Date, the Developer has attempted to thwart the
sale of the Property to prospective purchasers with the apparent
goal of securing the Property for itself at a price far below its
proven fair market value.  Specifically, it has sent correspondence
to the Bon-Ton Purchaser asserting what it claims are its rights
under the REA, including what it describes as a "right to purchase"
and a "right of first offer," and under the sublease.

After the Developer made an offer for just $4.65 million -- about
one-third of the purchase price under the Sale Agreement -- that
was not accepted by the Bon-Ton Purchaser, the Developer resorted
to threatening the Bon-Ton Purchaser by emailing a fully drafted
complaint and draft motion for a temporary restraining order to
enjoin the sale of the Property to any third party.  The Developer
has since been in contact with potential purchasers in an apparent
effort to dissuade them from making offers on the Property.

Although the Movants believe that the Sale Order previously entered
by the Court on April 18, 2018, authorizing the sale of
substantially all of the Debtors' assets to the Bon-Ton Purchaser
provides authority for the sale of the Property to the Purchaser
without the need for any further order of the Court, the
Developer's heavy-handed tactics as well as the desire to allay the
concerns of both the Bon-Ton Purchaser and the Purchaser arising
from the Developer's threats have prompted the Movants to file the
Motion in order to ensure that the Property can be liquidated
expeditiously and for its true fair market value.

If the Court concludes that the Seller is not already authorized
under the previously entered Sale Order to transfer the Property to
the Purchaser free and clear of the REA and the Sub-Ground Lease,
the Movants ask that the Court enter such an order now.

In the alternative, they ask authority to transfer the Property to
the Bon-Ton Purchaser or another third party, along with a
determination that the REA is unenforceable as a matter of law, or
authority to reject all or certain provisions of the REA, as well
as the Sub-Ground Lease.  For all of those reasons, the Developer
has no basis in law or fact to prevent the sale of the Property to
the Purchaser or another party.

Pursuant to its rights under the Sale Order and Agency Agreement,
the Bon-Ton Purchaser engaged A&G Realty Partners to conduct a
marketing and sale process for the Property, which process
commenced in May 2018.  The Property attracted 55 interested
parties, of which five submitted verbal or written offers for the
Property in excess of $10 million.  Of these parties, the Purchaser
submitted the highest or otherwise best bid for the Property at a
purchase price of $12.5 million.

The salient terms of the APA are:

     a. Seller: Bonstores Realty Two, LLC

     b. Purchaser: 3200 Lake Avenue, LLC

     c. Assets: The real property, together with all buildings and
improvements located thereon and therein and all interests,
easements and hereditaments appurtenant thereto, and personal
property, if any, located at the Real Property at the time of the
Closing.

     d. Purchase Price: $12.5 million

     e. Fee and Expense Reimbursement: Provided the Closing occurs
(but in no other circumstance), the Purchaser will also, at
Closing, reimburse the Bon-Ton Purchaser for any attorneys' fees
and expenses it incurred or the Debtors before or after the
Effective Date in connection with seeking entry of the Proposed
Order, provided that the amount of such reimbursement will not
exceed $250,000.  In the event the Property is sold to the
Developer pursuant to a Developer Agreement (if any), the Seller
shall, or will cause the Bon-Ton Purchaser to, pay the Purchaser an
amount equal to $250,000 from the proceeds of such sale on the date
of closing, and upon such payment the Sale Agreement will be deemed
terminated, and the Seller will be released from any and all
liability thereunder.  In the event the Property is sold to a Third
Party pursuant to a Third Party Agreement (if any), the Seller
shall, or will cause the Bon-Ton Purchaser to, pay the Purchaser an
amount equal to $500,000 from the proceeds of such sale on the date
of closing, and upon such payment the Sale Agreement will be deemed
terminated and the Seller will be released from any and all
liability thereunder.  

     f. Private Sale/No Competitive Bidding: No auction is
contemplated; A&G has conducted a marketing process for the
Property

     g. Good Faith Deposits: $600,000

     h. Use of Proceeds: The proceeds of the sale of the Property
are payable to the Bon-Ton Purchaser, pursuant to the Proposed
Order and Agency Agreement.

     i. Unexpired Leases: The Property is to be conveyed free and
clear of the Sub-Ground Lease and that the Sub-Ground Lease and all
interests of Subtenant thereunder are of no further force and
effect against the Property and the Purchaser, notwithstanding
Section 365(h) of the Bankruptcy Code.

     j. Relief from Bankruptcy Rule 6004(h) Stay: The Debtors ask
relief from the 14-day stay imposed by Bankruptcy Rule 6004(h) with
respect to the effectiveness of the Proposed Order.

A copy of the APA attached to the Motion is available for free at:

    http://bankrupt.com/misc/Bon-Ton_Stores_1155_Sales.pdf

A hearing on the Motion is set for Oct. 25, 2018 at 3:00 p.m. (ET).
The objection deadline is Oct. 18, 2018 at 4:00 p.m. (ET).

The Purchaser:

          3200 LAKE AVENUE, LLC
          Attn: Michael Kanzler
          Novak Development C.
          3423 N. Drake Avenue
          Chicago, IL 60618
          Telephone: (773) 278-1100 X 321
          E-mail: MKanzler@NovakConstruction.com

The Purchaser is represented by:

          Danielle Cassel, Esq.
          VEDDER PRICE
          222 North LaSalle Street
          Chicago, IL 60601
          Telephone: (312) 609-7962
          E-mail: dcassel@vedderprice.com

                      About The Bon-Ton Stores

The Bon-Ton Stores, Inc. (OTCQX: BONT) -- http://www.bonton.com/--

with corporate headquarters in York, Pennsylvania and Milwaukee,
Wisconsin, operates 250 stores, which includes nine furniture
galleries, in 23 states in the Northeast, Midwest and upper Great
Plains under the Bon-Ton, Bergner's, Boston Store, Carson's,
Elder-Beerman, Herberger's and Younkers nameplates.  The stores
offer a broad assortment of national and private brand fashion
apparel and accessories for women, men and children, as well as
cosmetics and home furnishings.

The Bon-Ton Stores, Inc., and nine affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 18-10248) on Feb. 4,
2018.

In the petitions signed by Executive Vice President and CFO
MichaelCulhane, Bon-Ton Stores disclosed total assets at $1.58
billion and total debt at $1.74 billion.

The Bon-Ton Stores tapped Paul, Weiss, Rifkind, Wharton & Garrison
LLP as counsel; Young Conaway Stargatt & Taylor, LLP as co-counsel;
Joseph A. Malfitano, PLLC, as special counsel; PJT Partners LP as
investment banker; AlixPartners LLP as restructuring advisor and AP
Services, LLC as financial advisor; and A&G Realty Partners LLC, as
real estate advisor; and Prime Clerk LLC, as administrative
advisor.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on Feb. 15, 2018,
appointed seven creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case.  Counsel for the
creditors' committee are Jeffrey N. Pomerantz, Esq., Robert J.
Feinstein, Esq., and Bradford J. Sandler, Esq., at Pachulski Stang
Ziehl & Jones LLP.

An investor group comprised of DW Partners, LP, Namdar Realty Group
and Washington Prime Group, Inc., primarily as secured mortgage
lender; and AM Retail Group, Inc., who submitted a going concern
bid for the Debtors' assets, are represented by John Lyons, Esq.,
at DLA Piper LLP (US).

Co-Counsel to the Ad Hoc Second Lien Noteholder Group are Norman L.
Pernick, Esq., J. Kate Stickles, Esq., and Katherine M. Devanney,
Esq., at Cole Schotz, P.C.; and Sidney P. Levinson, Esq., Genna L.
Ghaul, Esq., Charles S. Wittmann-Todd, Esq., Bruce Bennett, Esq.,
and Joshua M. Mester, Esq., at Jones Day.

Co-Counsel to the DIP Tranche A-1 Documentation Agent, Crystal
Financial LLC, are Mark D. Collins, Esq., and Joseph Charles
Barsalona II, Esq., at Richards, Layton & Finger, P.A.; and Matthew
P. Ward, Esq., at Womble Bond Dickinson (US) LLP; and Jonathan D.
Marwill, Esq., and John Ventola, Esq., at Choate Hall & Stewart
LLP.

Co-Counsel to the Administrative Agent, Bank of America, N.A., are
Julia Frost-Davies, Esq., Robert A.J. Barry, Esq., and Amelia C.
Joyner, Esq., at Morgan, Lewis & Bockius LLP.

Co-Counsel to the Second Lien Trustee, Wells Fargo Bank, N.A.  As
indenture trustee and collateral agent for the Debtor's 8.00%
Second Lien Senior Secured Notes Due 2021, are Emily Kathryn Devan,
Esq., and Luke A. Sizemore, Esq., at Reed Smith LLP.


BON-TON STORES: Egan-Jones Withdraws C Senior Unsecured Rating
--------------------------------------------------------------
Egan-Jones Ratings Company, on October 15, 2018, withdrew its 'C'
foreign currency and local currency senior unsecured ratings on
debt issued by The Bon-Ton Stores, Incorporated.

The Bon-Ton Stores, Inc. was founded in 1898 and is headquartered
in York, Pennsylvania. The company operates department stores in
the United States.


C.R. OF ATTALLA: Disclosure Statement Hearing Set for Dec. 5
------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Georgia is set
to hold a hearing on Dec. 5, at 11:00 a.m., to consider approval of
the disclosure statement, which explains the proposed Chapter 11
plan for C.R. of Attalla, LLC.

The hearing will take place at Courtroom A.  Objections to the
disclosure statement are due by Nov. 19.

                       About C.R. of Attalla

C.R. of Attalla, LLC, is healthcare provider in Attalla, Alabama,
that operates a skilled nursing facility.

C.R. of Attalla filed a Chapter 11 petition (Bankr. M.D. Ga. Case
No. 18-50546) on March 21, 2018.  In the petition signed by Michael
E. Winget, Sr., manager, the Debtor estimated $500,000 to $1
million in assets and $1 million to $10 million in estimated
liabilities.  The case is assigned to Judge James P. Smith.  

Wesley J. Boyer, Esq., of Boyer Law Firm, L.L.C., is the Debtor's
counsel.

Pending bankruptcy cases of affiliates:

   Debtor                              Petition Date  Case No.
   ------                              -------------  --------
C. R. of Shadecrest, LLC                  8/15/17     17-51753
Chandler Health & Rehab Center, LLC       7/20/17     17-51550
Fairhope Health & Rehab, LLC              7/20/17     17-51551
Gordon Oaks at Greystoke, LLC             7/12/17     17-51472
Greystoke Health Systems, Ltd.            8/17/17     17-51772
Meadowbrook Extended Care, LLC            7/20/17     17-51552
Medical Management Concepts, LLC          8/15/17     17-51752
Porter Field Health & Rehab Center, LLC   6/27/17     17-51362
Ridgeview Extended Care, LLC              7/20/17     17-51553


CARE FOR YOU: U.S. BEF to Get 24 Monthly Payments of $600
---------------------------------------------------------
Care For You Home Medical Equipment, LLC, filed with the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania a
disclosure statement describing its first amended plan of
reorganization dated Oct. 12, 2018.

Class 11 under the first amended plan consists of the secured claim
of U.S. Bank Equipment Finance. The Class 1l Claim is Impaired
under the Plan. The Class 11 Claim is secured by certain pieces of
the Debtor's equipment. The collateral securing the Class 11 Claim
will be valued by the Bankruptcy Court at the time of Confirmation.
The collateral securing the Class 11 Claim has been valued by the
Debtor at $15,000. The value reached by the Bankruptcy Court will
become the new Class 11 Secured Claim and will be paid out over
five years, on a monthly basis, with interest accruing annually at
4%. Any deficiency will be a Class 1 Unsecured Claim. However, the
Debtor proposes to pay 24 monthly payments of $600 with regard to
the Class 11 Claim, instead of $327 proposed in the previous plan.

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

     http://bankrupt.com/misc/paeb17-12836-218.pdf

       About Care For You Home Medical Equipment

Personal Support Medical Suppliers, Inc., and Care for You Home
Medical Equipment, LLC, doing business as Community Care partners,
are both home medical equipment organizations operating in the
greater Philadelphia Region and New York with offices in
Philadelphia and Seneca, Pennsylvania.

PSMS and CCP filed Chapter 11 petitions (Bankr. E.D. Pa. Case Nos.
17-12833 and 17-12836) on April 24, 2017.  David Halooka,
president, signed the petitions.

The Hon. Ashely M. Chan is the case judge.

Albert A. Ciardi, III, Esq., at Ciardi Ciardi & Astin, P.C., serves
as counsel to the Debtor.

At the time of filing, the Debtors each estimated assets and
liabilities at $1 million to $10 million.

No trustee or examiner or creditors' committee has been appointed
in the Debtor's Chapter 11 case.


CATHERINE TRINH: Bankr. Court Extends Exclusivity Period to Jan. 5
------------------------------------------------------------------
Bankruptcy Judge Robert Kwan entered an order granting in part and
denying in part Debtor Catherine Trinh's motion for further
extension of exclusivity periods to file a disclosure statement and
plan of reorganization.

In a hearing conducted on Oct. 10, 2018, the Court issued a
tentative ruling which states that extension of exclusivity for a
short period of time will facilitate moving the case forward
towards a fair and equitable resolution. Although debtor's reasons
are somewhat underwhelming, especially its recital of what it has
done in this case, the court believes on the totality of
circumstances of the case at this present stage partial relief is
warranted.

The Debtor's motion is granted based upon the court's reasons in
the tentative ruling.

The Exclusivity Period is therefore extended to, and including,
Jan. 5, 2019, and the Debtor has through, and including, March 6,
2019 to seek acceptances of a Plan.

Parties other than Debtor are prohibited from filing competing
plans during the Exclusivity Period.

The bankruptcy case is in re: CATHERINE TRINH, Chapter 11, Debtor,
Case No. 2:18-bk-11475-RK (Bankr. C.D. Cal.).

A copy of the Court's Order dated Oct. 12, 2018 is available at
https://bit.ly/2OEtPZh from Leagle.com.

Catherine Trinh, Debtor, represented by Alan W. Forsley --
alan.forsley@flpllp.com.

United States Trustee, U.S. Trustee, represented by Dare Law ,
Office of the United States Trustee & Hatty K. Yip , Office of the
UST/DOJ.

Catherine Trinh filed for chapter 11 bankruptcy protection (Bankr.
C.D. Cal. Case No. 18-11475) on Feb. 9, 2018, and is represented by
Alan W. Forsley, Esq.


CENTRO CRISTIANO: Modified Plan Proposes to Pay $20K to TUMC
------------------------------------------------------------
Centro Cristiano Agape de Bakersfield Inc. filed its amended
disclosure statement in conjunction with its first modified chapter
11 plan of reorganization dated Oct. 15, 2018.

This latest filing discloses that two events transpired after the
filing of the original disclosure statement and Plan. First, Debtor
and TUMC attempted to negotiate the terms of a consensual plan. The
first modified plan contains some plan provisions that Debtor
believes are acceptable to TUMC. This does mean that TUMC has or
will consent to the Plan or not object to the adequacy of the
disclosure statement. Under the time constraints of attempting plan
confirmation, the amended disclosure statement and modified Plan
are filed to move the case along.

The modified Plan provides for one $10,000 payment to TUMC on or
before January 30 of 2019 and another $10,000 payment on or before
January 30 of 2020. The modified Plan eliminates what was a monthly
payment to TUMC that increased each year to a flat payment of
$1,500 through the term of the Plan. The "all due and payable"
payment of the balance of the TUMC at the end of the three-year
term remains.

Second, in order to meet the $10,000 payment due in January 2019
and 2020, in a special meeting of the elders conducted on Oct. 9,
2018, Debtor approached and received commitments from 20 of its
members who will make an annual $500 payment to raise the necessary
$10,000.

The circumstances of this case are not typical when the business
reorganization nature of Chapter 11 is contemplated. However, the
debtor is a non-profit organization generating modest voluntary
income either directly or indirectly (from rent paid by another
church) and the very nature of a church of this size and scope
depends on the charity and faith of its members. Debtor's
principals do not receive compensation in running the Church.
Nevertheless, the implementation of modest and reasonable charges
for facility use was decided in order to ensure the church can meet
on-going expenses.

Finally, a second fireworks stand solves the issue of having income
for deferred maintenance that replaces the income from the first
fireworks stand that will be the source of general unsecured
creditor payments.

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

      http://bankrupt.com/misc/caeb18-11990-74.pdf

     About Centro Cristiano Agape de Bakersfield

Centro Cristiano Agape de Bakersfield Inc., filed a Chapter 11
petition (Bankr. E.D. Cal. Case No. 18-11990) on May 18, 2018,
estimating under $1 million in assets and liabilities.  The Debtor
tapped the Law Office of D. Max Gardner as its legal counsel.


CENTRO GROUP: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Two Debtor affiliates that have filed voluntary petitions seeking
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                        Case No.
    ------                                        --------
    Centro Group, LLC                             18-23155
    2103 Coral Way, Suite 604
    Miami, FL 33145

    ProHCM Holdings, Inc.                         18-23156
    100 Stonewall Blvd, Suite 101
    Wrentham, MA 02093

Business Description: Centro Group is a full service, wholesale
                      group benefits, human capital, and
                      technology service consulting firm committed
                      to positioning their clients for future
                      growth.  Centro Group is headquartered in
                      Miami, Florida with additional offices in
                      the Boston and St. Louis areas.

Chapter 11 Petition Date: October 23, 2018

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

Judge: Hon. Jay A. Cristol

Debtors' Counsel: Bradley S. Shraiberg, Esq.
                  SHRAIBERG LANDAU & PAGE PA
                  2385 NW Executive Center Dr. #300
                  Boca Raton, FL 33431
                  Tel: (561) 443-0801
                       (561) 443 0800
                  Fax: (561) 998-0047
                  Email: bss@slp.law

Centro Group's
Estimated Assets: $0 to $50,000

Centro Group's
Estimated Liabilities: $1 million to $10 million

ProHCM Holdings'
Total Assets: $4,284,714

ProHCM Holdings'
Total Liabilities: $4,238,898

The petitions were signed by Joseph Markland, CEO.

A full-text copy of Centro Group's petition containing, among other
items, a list of the Debtor's 20 largest unsecured creditors is
available for free at:

         http://bankrupt.com/misc/flsb18-23155.pdf

A full-text copy of ProHCM Holdings' petition containing, among
other items, a list of the Debtor's 20 largest unsecured creditors
is available for free at:

         http://bankrupt.com/misc/flsb18-23156.pdf


CHAPELDALE PROPERTIES: Hearing on Plan Confirmation Set for Nov. 27
-------------------------------------------------------------------
Bankruptcy Judge Thomas J. Catliota approved Chapeldale Properties,
LLC's disclosure statement filed on Sept. 18, 2018 referring to its
chapter 11 plan filed on Oct. 11, 2018.

Nov. 15, 2018, is fixed as the last day of filing written
acceptances or rejections of the Plan, and the last day for filing
and serving written objections to confirmation of the Plan.

Nov. 27, 2018, at 11:00 a.m. is fixed for the hearing on
confirmation of the Plan to take place in Courtroom 3E of the U.S.
Bankruptcy Court, U.S. Courthouse, 6500 Cherrywood Lane, Greenbelt,
Maryland 20770.

The latest plan filed on Oct. 11 contains a revision to the
provision governing the treatment of Chesapeake Bank of Maryland's
Class2b secured claims.

According to the plan, Chesapeake Bank of Maryland will retain its
liens on the company's real property known as Chapeldale, which
consists of several lots located in Baltimore County, Maryland.

The secured claims will be resolved in accordance with the terms of
a consent order modifying automatic stay to be docketed by
Chapeldale Properties and the creditor.  If any term, condition, or
covenant contained in the proposed plan or final order contradicts
or appear to contradict the rights of Chesapeake Bank under the
consent order, the consent will supersede and control, according to
the latest plan.

A copy of the amended Chapter 11 plan of reorganization is
available for free at:

     http://bankrupt.com/misc/mdb17-26995-120.pdf

                     About Chapeldale Properties

Chapeldale Properties LLC was incorporated in Maryland in 1998.
Its principal assets are located in Baltimore County.  Chapeldale
Properties sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Md. Case No. 17-26995) on Dec. 21, 2017.  In the
petition signed by Ronald Talbert, its manager, the Debtor
estimated assets of less than $500,000 and liabilities of $1
million to $10 million.  Judge David E. Rice presides over the
case.  The Debtor tapped the Law Offices of David W. Cohen as its
legal counsel.

Pending bankruptcy cases filed by affiliates:

    Debtor                             Petition Date   Case No.
    ------                             -------------   --------
    College Park Investments, LLC        9/22/17       17-22678
    Stein Properties, Inc.               9/22/17       17-22680
    TSC/Green Acres Road, LLC           11/28/17       17-25912
    TSC/JMJ Snowden River South, LLC    10/23/17       17-24510
    TSC/Nesters Landing, LLC            11/28/17       17-25913


CHARLES JANEKE: Ct. Upholds Summary Judgement in Favor of J. Allen
------------------------------------------------------------------
In the case captioned CHARLES E. JANEKE, Plaintiff, Cross-defendant
and Appellant, v. JULIETTE Z. ALLEN et al., Defendants,
Cross-complainants and Respondents, No. B281155 (Cal. App.), the
Court of Appeals of California affirms the trial court's decision
granting summary judgment to Juliette Allen.

On appeal, Janeke argues the court erred in granting summary
judgment. As to his complaint, he argues that each of his causes of
action should proceed. He also argues the court erred in striking
Rodriguez's expert declaration on its own motion, and in not
addressing his continuance request on the merits. Finally, as to
Allen's cross-complaint, Janeke argues both that he was justified
in withholding payment (due to Allen's alleged misconduct) and that
the court erred in its calculation of the amounts due.

The Court holds that Allen has established that Janeke cannot
prevail on any cause of action in his complaint, and that Allen is
entitled to judgment as a matter of law.

Janeke's initial breach of contract cause of action did not clearly
allege any actionable breach. In opposition to summary judgment,
Janeke changed his theory to allege that Allen breached the
bankruptcy court's confirmed plan by failing to accept the
substitute security of his patents. Janeke argued that the failure
to appraise this security constituted a failure to mitigate
damages. The trial court rejected this argument on the basis that
the security was, in fact, substituted by operation of law
following the confirmation of the bankruptcy plan. Janeke's premise
that Allen was required to exhaust her security (the interest in
the patents) before proceeding against him is simply unsupported by
the law. California Commercial Code section 9601 provides that,
after default, a secured party may foreclose on the security and/or
simultaneously reduce its claim to judgment. Because of the
substitution of the security, this became a commercial transaction,
not a real property secured transaction, and the Commercial Code
rules applied.

As to Janeke's emotional distress causes of action, Janeke concedes
that authority requires a plaintiff to establish a breach of duty
which threatens "physical injury, not simply damage to property or
financial interests.

In any event, Janeke's emotional distress causes of action are
barred for a more fundamental reason. As to negligent infliction of
emotional distress, there is no such cause of action in California;
the tort is only negligence, and the plaintiff must show a duty and
its breach. Janeke has not done so. As to intentional infliction of
emotional distress, the cause of action requires extreme and
outrageous conduct, so extreme as to exceed all bounds of that
usually tolerated in a civilized society. Janeke's cause of action
is based on Allen's act of recording a true bankruptcy court
document; this is not extreme and outrageous conduct exceeding all
bounds of that usually tolerated in a civilized society.

The trial court granted summary judgment in favor of Allen on her
cross-complaint for breach of the terms of the confirmed
reorganization plan. Here, Allen established the terms of the
reorganization plan which required Janeke to pay her $200,000 in
$10,000 monthly increments, beginning in May 2015 (as well as
interest). She further established that Janeke made two such
payments, and then failed to make any others. Janeke did not
dispute this set of circumstances; he simply argued that his
failure to make payments was excused by Allen's misconduct (as
alleged in his complaint) or that she should have exhausted her
security interest in the patents first. Both of these arguments are
meritless; Allen was therefore entitled to judgment in her favor on
her cross-complaint.

The judgment in favor of Allen is modified in the following
respect. Judgment should be in the principal amount of $180,000,
not $190,000. The matter is remanded to the trial court for a
modification of the interest awarded. In all other respects, the
judgment is affirmed.

A copy of the Court's Decision dated Oct. 15, 2018 is available at
https://bit.ly/2yO0rVA from Leagle.com.

Law Offices of Abraham A. Labbad and Abraham A. Labbad; Lania
Glaude for Plaintiff, Cross-defendant and Appellant.

Law Office of Julian Bach and Julian Bach for Defendants,
Cross-complainants and Respondents.

Charles Janeke filed for chapter 11 bankruptcy protection (Bankr.
C.D. Calif. Case No. 11-18573) on July 17, 2011.


CHATEAU CREOLE: Plan Outline Okayed, Plan Hearing on Nov. 14
------------------------------------------------------------
Chateau Creole Apartments, LLC is now a step closer to emerging
from Chapter 11 protection after a bankruptcy judge approved the
outline of its plan of reorganization.

Judge Elizabeth Magner of the U.S. Bankruptcy Court for the Eastern
District of Louisiana on Oct. 11 gave the thumbs-up to the
disclosure statement, allowing the company to start soliciting
votes from creditors.  

The order set a Nov. 7 deadline for creditors to file their
objections and submit ballots of acceptance or rejection of the
plan.

A court hearing to consider confirmation of the plan is scheduled
for Nov. 14, at 10:00 a.m.  The hearing will take place at the Hale
Boggs Federal Building, Courtroom B-709.

                  About Chateau Creole Apartments

Chateau Creole Apartments, LLC, is privately-held real estate
company that owns 208 residential rental units located at 273
Monarch Drive, Houma, Louisiana, valued at $6.25 million, based on
revenue.

Chateau Creole sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. La. Case No. 18-10148) on Jan. 25, 2018.  In the
petition, Damon J. Baldone, managing member, the Debtor disclosed
$6.27 million in assets and $9.89 million in liabilities.  Judge
Elizabeth W. Magner presides over the case.  The Derbes Law Firm,
LLC, is the Debtor's legal counsel.


CITY OF BRYANT: Court Confirms Plan of Debt Adjustment
------------------------------------------------------
A U.S. bankruptcy judge approved the outline of the Chapter 9 plan
of debt adjustment for the City of Bryant, Arkansas Municipal
Property Owners' Multipurpose Improvement District No. 84, and
confirmed the Plan at a hearing on Oct. 10.

Judge Richard Taylor of the U.S. Bankruptcy Court for the Eastern
District of Arkansas on Oct. 11 gave final approval to the
disclosure statement after no objections were filed to its form or
content.

       About City of Bryant, Ark. Municipal Property Owners'
             Multipurpose Improvement District No. 84

The City of Bryant, Arkansas Municipal Property Owners'
Multipurpose Improvement District No. 84 - Midtown Project is an
Arkansas Multipurpose Improvement District formed pursuant to
A.C.A. Section 14-94-101, et. seq.  The District's statutory
authority to file for relief under Chapter 9 of the U.S. Bankruptcy
Code is granted at A.C.A. Section 14-74-103.

The Debtor filed a Chapter 9 petition (Bankr. E.D. Ark. Case No.
17-16800) on December 21, 2017.  The petition was signed by Walter
"Butch" Lomax, commissioner.  

At the time of the filing, the Debtor disclosed $4.02 million in
assets and $6.49 million in liabilities.

Judge Richard D. Taylor presides over the case.  James E. Smith,
Jr., Esq., at Williams & Anderson, PLC, represents the Debtor as
legal counsel.


CLARKSBURG MEDICAL: Seeks Access to Biz2Credit Cash Collateral
--------------------------------------------------------------
The Clarksburg Medical Center, Inc. seeks authorization from the
United States Bankruptcy Court for the District of Maryland to use
cash collateral in the ordinary course of its business to the
extent provided in the Budget for the three month period from
October through December, 2018.

The Debtor asserts that its use of the cash collateral is necessary
to allow it to pay payroll and other expenses associated with
operation of the business. Thus, use of the cash collateral is
vital to the Debtor's continued operation of the business and to
the prospects for reorganization in Chapter 11.

Biz2Credit is a private equity lender, asserting that it holds a
secured claim against the Debtor in the approximate amount of
$50,000. The Debtor believes that Biz2Credit holds a security
interest in its assets, including income derived and/or generated
from the Medical Center, and that such amounts constitute "Cash
Collateral" as defined by 11 U.S.C. Section363(a).

The Debtor proposes to provide Biz2Credit adequate protection in
the form of a continuing lien on post-petition cash collateral as
well as adequate protection payments for an interim period to allow
the Debtor to commence to reorganize its operations in Chapter 11.
The Debtor has discussed the Cash Collateral Motion with
Biz2Credit, and the parties are finalizing a proposed interim
consent order permitting use of cash collateral.

A full-text copy of the Debtor's Motion is available at

                  http://bankrupt.com/misc/mdb18-22579-19.pdf

                         About Clarksburg Medical

Clarksburg Medical has operated prior to the Petition Date (and
continues to operate) a medical practice providing primary care and
family medical care, including health and wellness treatment and
other routine medical treatments from its office at 22616 Gateway
Center Drive, Clarksburg, MD 20871.

The Clarksburg Medical Center, Inc. filed a Chapter 11 petition
(Bankr. D. Md. Case No. 18-22579), on September 24, 2018. The
Petition was signed by Harpal Singh Mangat, president. The Debtor
is represented by Augustus T. Curtis, Esq. at Cohen, Baldinger &
Greenfeld, LLC. At the time of filing, the Debtor estimated less
than $50,000 in assets and less than $500,000 in debts.


CLINTON MAHONEY: Court Awards $23K to Accountants
-------------------------------------------------
Bankruptcy Judge Timothy A. Barnes issues his findings of fact and
conclusions of law in support of the order awarding Rozovics Group,
LLP, accountants for Debtor Clinton J. Mahoney, for allowance and
payment of first interim compensation and reimbursement expenses.

Rozovics requested a total fee of $29,795.50 but the Court reduced
it by $6,125 for a total allowed amount of $23,670.50.

The Court disallowed the $6,125 amount since the professional or
paraprofessional expended an unreasonable amount of time on the
task(s) in light of the nature of the task(s), the experience and
knowledge of the professional performing the task(s), and the
amount of time previously expended by the professional or another
on the task(s).

In this case, the applicant spent an inordinate amount on
preparation of certain operating reports without further
explanation. The court found that the applicant was able to
complete operating reports by expending around 8 hours, which still
exceeds the time spent in most other chapter 11 cases. The court,
therefore, allowed on average 8 hours for preparation of each
monthly operating report and marked all time spent beyond that as,
absent explanation, unreasonable.

The bankruptcy case is in re: CLINTON J. MAHONEY, Chapter 11,
Debtor, Case No. 17bk38099 (Bankr. N.D. Ill.).

A copy of the Court's Findings dated Oct. 9, 2018 is available at
https://bit.ly/2S468HG from Leagle.com.

Clinton J. Mahoney, Debtor 1, represented by Danielle K. Kegley ,
Herman J. Marino, Ltd., P.C., Herman J. Marino , Herman J. Marino
PC, Monica C. O'Brien -- monica@gregstern.com -- Gregory K. Stern,
P.C., Dennis E. Quaid -- dennis@gregstern.com -- Gregory K. Stern,
P.C., Rachel S. Sandler --rachel@gregstern.com -- Gregory K. Stern,
P.C. & Gregory K. Stern -- greg@gregstern.com -- Gregory K. Stern,
P.C.

Clinton J. Mahoney sought Chapter 11 protection (Bankr. N.D. Ill.
Case No. 16-38099) on Dec. 27, 2017.  The Debtor tapped Gregory K.
Stern, Esq., at Gregory K Stern, P.C., as counsel.  Maria Ivette
Hollendoner and Keller Williams Preferred Realty are serving is
real estate brokers.


CLUB AT SHENANDOAH: Ruling Granting TPUOA Anti-SLAPP Bid Reversed
-----------------------------------------------------------------
The Court of Appeals of California reversed the trial court's
judgment granting the anti-SLAPP motion filed by Tri Palms Unified
Owners Association in the case captioned ALEX CHEVELDAVE, Plaintiff
and Appellant, v. TRI PALMS UNIFIED OWNERS ASSOCIATION, Defendant
and Respondent, No. E066461 (Cal. App.).

Tri Palms Unified Owners Association is a group of homeowners in
the Tri-Palms Estates. There is a recreation facility owned by The
Club at Shenandoah Springs Village, Inc. adjacent to the Tri-Palms
Estates, and homeowners pay a fee for that recreation facility. In
2014, in bankruptcy proceedings, Kort & Scott Financial Group, LLC
was the successful bidder on the recreation facility. The
Association entered into a settlement agreement with K&S. As a
result of the Agreement, some members of the Association were
required to pay an increased fee for the recreation facility.

In 2016, Alex Cheveldave and Richard N. Davis, who were members of
the Association, sued the Association, K&S, and Shenandoah
Ventures, L.P., arguing that the Association did not have standing
to enter into the Agreement. The Association filed an anti-SLAPP
motion, which the trial court granted. Cheveldave contends the
trial court erred by granting the anti-SLAPP motion.

In January 2016, Cheveldave and Davis sued the Association, K&S,
and Shenandoah Ventures, L.P. Cheveldave owned property within
Tri-Palms Estates, and Davis also owned property within Tri-Palms
Estates. Plaintiffs alleged there is no common property within
Tri-Palms Estates, that Tri-Palms Estates is not a common interest
development, and therefore the Association did not have the
authority to enter into the Agreement on behalf of the homeowners.
Plaintiffs asserted that the fee increase set forth in the
Agreement was void because such an increase can only occur upon a
vote to amend the CC&Rs.

Plaintiffs sought a declaration that (1) Tri-Palms Estates is not a
common interest development; (2) the fee increase is a breach of
the CC&Rs; and (3) "that [the] bankruptcy settlement agreement is
void."

The Association filed an anti-SLAPP motion. The Association
asserted Plaintiffs' complaint arose from protected activity
because it concerns the settlement agreement that resulted from an
arbitration proceeding, which was connected to bankruptcy
proceedings. The Association asserted that the Agreement concerned
the Association's right to petition in a judicial proceeding.

The Association contended Plaintiffs did not have a probability of
prevailing because the bankruptcy court's judgment was final. The
Association argued that the state trial court "lacks subject matter
jurisdiction to adjudicate the claims and causes of action in
Plaintiffs' Complaint." The Association further asserted that
principles of res judicata caused Plaintiffs to be estopped from
obtaining relief. The Association contended that Plaintiffs, as
members of the Association, were in privity with the Association,
and thus bound by the terms of the Agreement.

Plaintiffs opposed the Association's anti-SLAPP motion.  Plaintiffs
contended their complaint did not concern a public issue and did
not concern the Association's right to petition; rather, it
concerned the Association unilaterally agreeing that homeowners'
fees could be raised.

The Association contends Cheveldave's case does not have minimal
merit because deference is given to decisions made by the governing
board of a community association. The Association relies upon the
following quote: "`Generally, courts will uphold decisions made by
the governing board of an owners association so long as they
represent good faith efforts to further the purposes of the common
interest development, are consistent with the development's
governing documents, and comply with public policy.'"

If Cheveldave's complaint concerned the merits of the fee increase,
then the foregoing rule might be applicable. However, Cheveldave is
disputing the Association's authority to enter into the Agreement.
The quote that the Association relies upon is not relevant to
determining whether the Association had the authority to enter into
the Agreement; rather, it would be relevant if we were examining if
it were a good decision to enter into the fee increase portion of
the Agreement. Accordingly, the Court finds the Association's
argument to be unpersuasive.

The Association contends the Agreement is a final decision on the
merits and therefore Cheveldave's case is barred by collateral
estoppel. The Agreement was a reason for the bankruptcy court
selecting K&S as the successful bidder, but the court did not order
K&S to comply with the terms of the Agreement. Because the terms of
the Agreement are not part of the bankruptcy court's order, the
Agreement does not constitute a final decision on the merits.
Therefore, Cheveldave's case is not barred by collateral estoppel.

In sum, Cheveldave has established that his case has minimal merit.
Accordingly, the trial court erred by granting the anti-SLAPP
motion. The orders granting the anti-SLAPP motion and awarding
attorney's fees are reversed. Cheveldave is awarded his costs on
appeal.

A full-text copy of the Court's Opinion dated Oct. 3, 2018 is
available for free at https://bit.ly/2yp0oju from Leagle.com.

Law Offices of Leonard Cravens, Leonard Jack Cravens; Zimberoff
Deutsch and Daniel E. Zimberoff for Plaintiff and Appellant.

Epsten Grinnell & Howell, Anne L. Rauch --  arauch@epsten.com --
Joyce J. Kapsal and Rian W. Jones -- rjones@epsten.com -- for
Defendant and Respondent.

              About The Club at Shenandoah

The Club at Shenandoah Springs Village, Inc., owns The Club At
Shenandoah Springs Village, a golf and leisure resort in Thousand
Palms, a desert region of central California.  It filed for
Chapter
11 protection (Bankr. C.D. Cal. Case No. 12-36723) on  Dec. 3,
2012.

The Debtor disclosed $31,280,992 in assets and $12,840,954 in
liabilities as of the Chapter 11 filing.  Judge Mark D. Houle
presides over the case.  Daniel A. Lev, Esq., and Steven Worth,
Esq., at SulmeyerKupetz, in Los Angeles, California represent the
Debtor as counsel.


COLIMA BBQ: Trustee's $250K Sale of All Business Assets to Kim OK'd
-------------------------------------------------------------------
Judge Sheri Bluebond of the U.S. Bankruptcy Court for the Central
District of California authorized Timothy Yoo, the Chapter 11
trustee for Colima BBQ Inc., to sell all of the estate's rights in
and to the business being operated as "Red Castle 1," located at
18751 E. Colima Rd., Rowland Heights, California, pursuant to the
Business Purchase Agreement and Joint Escrow Instructions dated
Sept. 17, 2018 and all addendums, amendments and related agreements
thereto, between the Trustee and Jeong Hye Kim or assignee for
$250,000.

A hearing on the Motion was held on Oct. 17, 2018 at 10:00 a.m.

The Overbid Procedures described in the Motion are approved.

The sale is free and clear of all claims, liens and interests,
including, without limitation, the claims, liens and interests of
Hana Small Business Lending, Inc., Bank of Hope (as successor to
BBCN Bank), Quentin Meats, and Timberland Bank, and the claims,
liens and interest of these creditors will attach to the proceeds
of the sale to the same extent, scope and priority as the
pre-petition liens or interests.

The Lease between the Debtor and the Landlord is assigned to the
Buyer effective as of the closing of the sale of the Property to
the Buyer.

The 14-day stay period set forth in Rule 6004(h) of the Federal
Rules of Bankruptcy Procedure is waived.

                       About Colima BBQ

Colima BBQ, Inc., operates a Korean barbeque restaurant doing
business as "Red Castle 1" located at 18751 E. Colima Road, Rowland
Heights, California.  

Colima BBQ filed a voluntary petition under Chapter 7 of the
Bankruptcy Code on Jan. 26, 2018.  Following a hearing on April 6,
2018, the case was converted to one under Chapter 11 (Bankr. C.D.
Cal. Case No. 18-10888).  

Timothy J. Yoo was appointed Chapter 11 trustee for the Debtor.
The Trustee hired Levene, Neale, Bender, Yoo & Brill LLP as his
legal counsel.


CPKAP LLC: Seeks Authority on Interim Cash Use Through December 31
------------------------------------------------------------------
CPKAP, LLC d/b/a Kapnos Taverna College Park, and its
debtor-affiliates seek authority from the U.S. Bankruptcy Court for
the District of Maryland for the interim use cash collateral during
an initial period through December 31, 2018.

The Debtors request that they may consensually use Cash Collateral
in which EagleBank asserts a security interest to fund its ordinary
and necessary day-to-day operations.

Certain of the Debtors are obligated to EagleBank on account of 5
Business Loans. EagleBank asserts that the unpaid principal on the
above-referenced Loans as of the Petition Date totaled
approximately $1,148,519, with other costs and fees totaling
approximately $36,707. EagleBank has asserted a first priority,
perfected security interest in substantially all of the
Debtor-Borrowers' assets on account of the Loans.

As adequate protection for EagleBank, the Debtors (a) will make
payment to EagleBank as follows: $20,000 on October 15, 2018,
$20,000 on November 15, 2018, and $20,000 on December 15, 2018; (b)
will file a report of cash receipts and disbursements on the
fifteenth day of each month for the prior calendar month and
perform other reasonable reporting required by EagleBank; and (c)
request that the Court grant EagleBank replacement liens on the
same assets on which it held prepetition liens and all products and
proceeds thereof in the Interim Period to the extent that
EagleBank's cash collateral is used by the Cash Collateral Debtors
and that such use results in a diminution in the value of the
collateral.

A full-text copy of the Debtor's Motion is available at

               http://bankrupt.com/misc/mdb18-21808-73.pdf

                       About CPKAP, LLC d/b/a
                     Kapnos Taverna College Park

CPKap, LLC, operates in the restaurants industry. It is located at
7777 Baltimore Avenue College Park, Maryland.

CPKap sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Md. Lead Case No. 18-21808) on Sept. 6, 2018. In the
petitions signed by Johannes Allender, CFO, CPKap disclosed $88,728
in assets and $369,344 in liabilities.  Judge Lori S. Simpson
presides over the case. The Debtor tapped Porzio, Bromberg &
Newman, P.C. as its lead bankruptcy counsel; Yumkas Vidmar Sweeney
& Mulrenin, LLC as local counsel.


DAYCO PRODUCTS: Moody's Revises Outlook on B2 CFR to Stable
-----------------------------------------------------------
Moody's Investors Service changed the rating outlook for Dayco
Products, LLC to stable from negative, and affirmed the B2
Corporate Family Rating, the B2-PD Probability of Default Rating
and the B2 rating of the senior secured term loan.

"Dayco's topline will continue to be buoyed by growth in its
industrial markets and better priced content on its expanding light
vehicle backlog," said Inna Bodeck, Moody's lead analyst for
Dayco." Dayco's free cash flow generation will turn positive over
the next 12 months as the company grows revenue, achieves operating
efficiencies and winds down restructuring initiatives." These
actions should allow Dayco to maintain lower leverage achieved
through earnings growth and debt repayment over the last year
despite ongoing softness in the US aftermarket segment.

Moody's took the following rating actions:

Issuer: Dayco Products, LLC

Corporate Family Rating, Affirmed at B2

Probability of Default Rating, Affirmed at B2-PD

$475 Million Gtd First Lien Senior Secured Term Loan due 2024,

Affirmed at B2 (LGD3)

Outlook, Changed to Stable from Negative

RATINGS RATIONALE

Dayco's B2 CFR reflects the company's exposure to highly cyclical
end markets, modest scale relative to other global automotive
suppliers, high debt-to-EBITDA leverage (5.3x LTM 6/30/2018
incorporating Moody's standard adjustments and including accounts
receivables factoring program), and weak free cash flow generation.
However, Dayco's credit profile is supported by its good position
in niche power transmission products, its global platform, although
with greater reliance on the developed markets, and diversification
as a supplier to both automotive original equipment manufacturers
and the aftermarket. The company has significant presence in a
traditionally more stable aftermarket (45% of revenues) space. In
the last two years, however, this segment has experienced weakness
in the U.S. for Dayco as some of its largest customers right sized
their inventory levels, shifted some product sourcing, and adopted
more aggressive pricing strategies.This trend will continue as the
retail sector in the U.S. continues to fight for customer wallet
share at brick-and-mortar stores. Moody's nevertheless expects
Dayco to generate overall topline growth in the low single digit
range resulting from improvements in the OEM segment. In addition,
Moody's expect that Dayco will generate approximately $10 million
of free cash flow in the next 12 months.

The ratings could be upgraded if Dayco generates higher EBITA
margins approaching 10% leading to consistent free cash flow
generation and sustained debt-to-EBITDA leverage below 3.5 times,
and sustained EBITA-to-interest expense above 2.5 times.

The ratings could be downgraded if slowing growth in a global
automotive market and softening performance in the aftermarket
segment are not offset by successful cost management.
EBITA-to-interest below 1.5 times, an inability to sustain debt-to-
EBITDA below 5.5 times and generate meaningfully positive free cash
flow, or a deterioration in liquidity could also lead to a
downgrade.

The principal methodology used in these ratings was Global
Automotive Supplier Industry published in June 2016.

Dayco, LLC, headquartered in Troy, MI, is a global manufacturer of
engine technology solutions targeted at primary and accessory drive
systems for the worldwide aftermarket, automotive Original
Equipment, and industrial end markets. Revenues for the last twelve
month period ended August 31, 2018 were approximately $1.0 billion.
The company is owned primarily by a consortium of Oaktree Capital,
Anchorage Capital Group, L.L.C. and TPG Capital.


DIGITALGLOBE INC: Egan-Jones Withdraws BB- Senior Unsecured Ratings
-------------------------------------------------------------------
Egan-Jones Ratings Company, on October 15, 2018, withdrew its 'BB-'
foreign currency and local currency senior unsecured ratings on
debt issued by DigitalGlobe Incorporated.

DigitalGlobe Incorporated is an American commercial vendor of space
imagery and geospatial content, and operator of civilian remote
sensing spacecraft. The company went public on the New York Stock
Exchange on May 14, 2009, selling 14.7 million shares at $19.00
each to raise $279 million in capital.



DILLE FAMILY: Unsecured Creditors to Receive 75% of Allowed Claims
------------------------------------------------------------------
Dille Family Trust submits a disclosure statement to accompany its
chapter 11 plan dated Oct. 12, 2018.

DFT intellectual property rights will be transferred to a new
entity ("Newco" or "BRC"), with the Estate retaining a 34% Member
Interest in Newco. The distributions from Newco will be used to
fund the payments under the Plan.

Each holder of an Allowed Class 2 General Unsecured Claim will
receive 75% of the allowed amount of their claims, on a pro rata
basis as funds become available from the revenue stream due to the
Estate on account of its Membership Interest in Newco, which
distributions will begin as soon as practicable after payment in
full of Administrative Claims and Priority Claims, subject to the
Trustee’s discretion to retain a reasonable fund for ongoing
expenses.

Funds will not be available to pay all Allowed Administrative
Claims of Professionals in full on the Effective Date.
Administrative Claims of Professionals will be paid pro rata from
the revenue stream generated from the Estate's Member Interest in
BRC as funds become available.

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

     http://bankrupt.com/misc/pawb17-24771-341.pdf

                About Dille Family Trust

Dille Family Trust, which is involved in the licensing of
intellectual property associated with the fictional character "Buck
Rogers," filed a Chapter 11 petition (Bankr. W.D. Pa. Case No.
16-24771) on Nov. 28, 2017, and is represented by Donald R.
Calaiaro, Esq., at Calairao Valencik.


DIVERSIFIED POWER: Court Confirms Amended Chapter 11 Plan
---------------------------------------------------------
Bankruptcy Judge Russell F. Nelms issues his findings of fact and
conclusions of law in connection with the confirmation of
Diversified Power Systems, Inc.'s amended chapter 11 plan of
reorganization.

The Court finds that the Plan does not discriminate unfairly and is
fair and equitable with regard to each class of claims or
interests.

The Plan provides that the holder of an Allowed Claim specified in
Section 507(a) of the Bankruptcy Code shall receive cash equal to
the allowed amount of such Allowed Claim on the Effective Date or
as soon thereafter as is practicable.

The Court also holds that Confirmation of the Plan is not likely to
be followed by the need for further financial reorganization of the
Debtor, except to the extent that such liquidation or
reorganization is proposed in the Plan.

Further, the Plan was prepared and filed in compliance with the
applicable provisions under title 11, United States Code, contains
all provisions required by § 1123 of the Bankruptcy Code, and
contains only such other provisions as are permitted by section
1123 of the Bankruptcy Code and as are consistent with title 11,
United States Code.

The solicitation of acceptances of the Plan, including, without
limitation, the procedures adopted and followed in transmitting,
receiving and tabulating acceptances and rejections of the Plan,
were in compliance with section 1125 and 1136 of the Bankruptcy
Code and applicable bankruptcy rules and were appropriate and
adequate under all of the circumstances of these cases.

The bankruptcy case is in re: DIVERSIFIED POWER SYSTEMS, INC.,
Debtor In Possession, Case No. 17-44538-RFN-11 (Bankr. N.D. Tex.).

A copy of the Court's Findings dated Oct. 15, 2018 is available at
https://bit.ly/2CvHLNN from Leagle.com.

Diversified Power Systems, Inc., Debtor, represented by Craig
Douglas Davis, Davis, Ermis & Roberts, P.C.

             About Diversified Power Systems

Diversified Power Systems, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Tex. Case No. 17-44538) on Nov. 6, 2017,
disclosing under $50,000 in both assets and liabilities.  William
R. Bertrand, president, signed the petition.  The Debtor is
represented by Craig D. Davis, Esq., at Davis Ermis & Roberts, P.C.


ELAN MEDICAL: Court Approves Settlement, Compromise of J. Cox Suit
------------------------------------------------------------------
District Judge Morrison C. England, Jr. granted Debtor Elan Medical
Corporation's motion for approval of settlement and compromise of
Jami Cox litigation and claim objection.

The Debtor is authorized to take such actions as are necessary to
perform its obligations under the compromise.

The case is in re: ELAN MEDICAL CORPORATION, Plaintiff, v. JAMI
COX, Defendant, District Court Case No. 2:17-cv-02391 MCE CKD (BK)
(E.D. Cal.).

A copy of the Court's Order is available at https://bit.ly/2PPRUJf
from Leagle.com.

Elan Medical Corporation, Plaintiff, represented by Sarah Stuppi,
Law Offices Of Stuppi & Stuppi & Ralph Angelo Zappala --
rzappala@bzlawLLP.com -- Busby Zappala & Sanchez LLP.

Jami Cox, Defendant, represented by Pamela Tahim Thakur, Thakur Law
Firm, APC.

Madeline Andrew & Paul Kivela, Movants, represented by Ralph Angelo
Zappala, Busby Zappala & Sanchez LLP.

             About Elan Medical Corporation

Elan Medical Corporation sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Cal. Case No. 17-22713) on April 24,
2017.  In the petition signed by Madeline Andrew, president, the
Debtor estimated assets and liabilities of less than $500,000.  

The Law Offices of Stuppi & Stuppi is the Debtor's legal counsel.


ENERGY AND EXPLORATION: Court Junks H. Metzler Appeal as Premature
------------------------------------------------------------------
District Judge John McBryde granted appellee Energy & Exploration
Partners, Inc.'s motion to dismiss the appeals case captioned
HAROLD METZLER, Appellant, v. ENERGY & EXPLORATION PARTNERS, INC.,
Appellee, 4:18-CV-675-A (N.D. Tex.).

Harold Metzler appeals from an order of the U.S. Bankruptcy Court
for the Northern District of Texas, granting in part and denying in
part a motion of appellee to enforce confirmation order against
appellant. Appellee says that the order is interlocutory and that
the appeal is premature and must be dismissed.

The district court has jurisdiction to hear appeals from final
judgments, orders, and decrees of the bankruptcy court. Because of
the nature of bankruptcy, the interpretation of "final" is
flexible. Nevertheless, to be final in character, an order by a
bankruptcy court must resolve a discrete unit in the larger case.
And, the Fifth Circuit has tended to define such discrete units as
coterminous with adversary proceedings.

In this case, it is clear that the bankruptcy court has only
addressed a preliminary matter with regard to the dispute between
the parties. The appeal is premature and will be dismissed.

A copy of the Court's Memorandum Opinion and Order dated Oct. 11,
2018 is available at https://bit.ly/2CVWrqp from Leagle.com.

In Re Energy & Exploration Partners, Inc., Debtor, represented by
Jason G. Cohen, Bracewell & Giuliani LLP, Douglas Monkhouse,
Bracewell & Giuliani & Jennifer Feldsher, Bracewell LLP.

Harold Metzler, Appellant, represented by Charles E. Lauffer, Jr.
--charlesl@rllawfirm.net -- Ritcheson Lauffer Vincent & Dukes PC.

Energy & Exploration Partners, Inc., Appellee, represented by Jason
G. Cohen, Bracewell & Giuliani LLP, Douglas Monkhouse, Bracewell &
Giuliani & Jennifer Feldsher, Bracewell LLP.

Russell F Nelms, Bankruptcy Judge, pro se.

Case Admin Sup, Notice Only, pro se.

                 About Energy & Exploration

Energy & Exploration Partners, Inc., Energy & Exploration
Partners,
LLC and Energy & Exploration Partners Operating GP, LLC filed
Chapter 11 bankruptcy petitions (Bankr. N.D. Tex. Proposed Lead
Case No. 15-44931) on Dec. 7, 2015.  John R. Castellano signed the
petition as interim chief financial officer.  Judge Russell F.
Nelms has been assigned the case.

The Debtors own approximately 61,323 net acres in Texas and
Wyoming.  In Texas, the Debtors' operations are located throughout
Madison, Grimes, Leon, Houston and Walker Counties, where the
Debtors are pursuing opportunities in the Buda-Rose stacked
comingled play, the Woodbine sandstone, the Eagle Ford shale and
other stacked formations in the region.  As of the Petition Date,
the Debtors employ approximately 59 people across their various
operations.

The Debtors have engaged Bracewell & Giuliani, LLP as counsel,
Evercore Group LLC as financial advisor, AP Services, LLC as
restructuring advisor, Ernst & Young as tax advisor, Hein &
Associates as independent auditor and Prime Clerk LLC as notice,
claims and balloting agent.

                           *     *     *

Under Energy & Exploration Partners, Inc., et al.'s First Amended
Plan of Reorganization, holders of Class 5 - General Unsecured
Claims are projected to recover 4.6% of their total allowed
claims.
The Debtors, on the Effective Date, will transfer $2,250,000 to
the Creditor Trust, which amount will be used to (a) administer
the
Credit Trust Assets for the benefit of Holders of Allowed General
Unsecured Claims and pay all Creditor Trust Expenses; and (b) to
fund distributions to Holders of Class A Interests.


ENTEGRIS INC: S&P Hikes Issuer Credit Rating to BB+, Outlook Stable
-------------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Billerica,
Mass.-based Entegris, Inc. to 'BB+' from 'BB'. The outlook is
stable.

S&P said, "At the same time, we assigned our 'BBB-' issue-level and
'2' recovery ratings to the company's proposed first-lien credit
facilities, which consist of a proposed $300 million revolving
credit facility and a $200 million term loan B. The '2' recovery
rating indicates our expectation of substantial (70%-90%; rounded
estimate: 85%) recovery of principal in the event of a payment
default. We also raised the issue-level rating on the senior
unsecured notes to 'BB' from 'BB-'. The '5' recovery rating is
unchanged and indicates our expectation for modest (10%-30%;
rounded estimate: 20%) recovery in the event of a payment
default."

The company will use the new $300 million revolving credit facility
due 2023 and the new $200 million term loan B due 2025 to replace
its current $75 million ABL revolver (unrated) due April 2019, and
refinance its existing $109 million outstanding term loan due 2021.
In addition, the proposed refinancing will add $89 million of cash
to the company's balance sheet, and cover transaction fees and
expenses.

The rating action reflects the company's consistent improvement in
operating performance as revenues have increased by approximately
16% year over year in the first half of fiscal 2018 with
double-digit revenue growth across all three reporting segments.
The firm's Microcontamination Control division experienced the
greatest improvement, with sales increasing by 19% year over year.
As of the second quarter of fiscal 2018, the company has reported
four consecutive quarters of double-digit revenue growth.
Furthermore, the company's trailing-12-month S&P Global
Ratings-adjusted EBITDA margins have improved approximately 300
basis points year over year and free operating cash flow (FOCF) has
improved approximately 23% during the past year.

Entegris is a provider of products and equipment used for
manufacturing processes in the semiconductor industry and other
high-technology industries. The company's revenues are fairly
balanced among its three reporting segments: Specialty Chemicals
and Engineered Materials, Microcontamination Control, and Advanced
Materials Handling. Approximately 70% of the company's revenues are
driven by wafer production growth, with the balance of revenue tied
to semi-capital equipment spending. S&P believes the greater
exposure to wafer production growth provides for relative stability
during periods of weakness in capital equipment spending.

Entegris has a leading market share in several product categories,
with approximately 90% share in Front Opening Universal Pods
(FOUPs), and the company's long-standing customer relationships
across the semiconductor supply chain provide a competitive
advantage with respect to its materials development initiatives.
Moreover, S&P expects Entegris to benefit from more stringent
purity requirements and increasing materials intensity associated
with advanced process nodes (e.g., 7 nanometer logic and 128 layer
3D NAND) due to increasingly complex chip architectures needed to
achieve greater chip performance.

Partly offsetting these strengths are the company's limited scale
compared with major competitors and its substantial exposure to the
volatile semiconductor industry (approximately 90% of revenues). A
growing percentage of the company's sales are tied to the more
volatile memory subsector (approximately 40%), and could be
impacted by near-term memory capex pushouts. However, S&P believes
Entegris will achieve mid-teens percent revenue growth in fiscal
2018 and mid-to-high single-digit-percent revenue growth in fiscal
2019, due to revenue contribution from recent acquisitions in
addition to robust wafer starts.

In June 2018, Entegris acquired SAES Pure Gas from SAES Getters
S.p.A, an Italy-based company, for approximately $355 million, and
financed the acquisition with cash on the company's balance sheet.
SAES Pure Gas provides high throughput gas purification systems
and, in 2017, had sales of approximately $91 million and EBITDA of
approximately $33 million. The acquisition will provide Entegris
with high capacity gas filtration and purification solutions to
complement its point of use products.  

Due to the acquisition, the company's cash balance declined
approximately 53% sequentially to $257 million at the end of the
second quarter. However, S&P expects Entegris to rebuild liquidity
through free cash flow and the proposed refinancing transaction,
which is expected to add approximately $89 million of cash to the
company's balance sheet. Entegris's financial risk profile is
characterized by pro forma leverage of about 1x.

S&P said, "The stable outlook reflects our expectation that robust
wafer production growth will allow Entegris to maintain solid
growth in revenues and free cash flow over the next 12 months, and
the company's improved EBITDA margins will cause leverage to remain
in the 1x area.

"We could lower the rating if the company pursues a transformative
acquisition in which leverage stays above 3x. We could also
downgrade Entegris if a slowdown in the semiconductor industry or a
failure to secure customer design wins in leading edge nodes leads
to sustained declines in operational performance.

"An upgrade is unlikely over the near term given our view that
Entegris lacks the scale and track record of investment grade-rated
peers. Over a longer horizon, we would consider increased scale,
stronger margins, improving customer diversity, and a commitment to
a conservative financial policy as factors that could lead to an
upgrade."


ENVIVA PARTNERS: S&P Raises ICR to BB-, Outlook Stable
------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Enviva
Partners L.P. to 'BB-' from 'B+'. The outlook is stable.

S&P said, "At the same time, we affirmed the 'B+' issue-level
rating on the senior unsecured notes and revised the recovery
rating to '5' from '3'. The '5' recovery rating indicates our
expectation for modest (10%-30%; rounded estimate: 10%) recovery in
the event of a payment default.

"The upgrade reflects our assessment of Enviva's better contract
profile. In 2018, Enviva has announced contracts with new
counterparties, in addition to renewed agreements with existing
counterparties ENGIE and Orsted. The new contracts with Marubeni
Corp., Sumitomo Corp., and other Japanese counterparties improve
the credit quality and geographic diversity of Enviva's
counterparties. In total Enviva has added 910,000 metric tons per
year of long-term contracts with Japan. As a result, we believe the
partnership's business risk profile has strengthened, and we have
reassessed it as fair from our prior assessment of weak.

"The rating outlook on Enviva is stable. We expect Enviva to
continue to maintain high asset utilization and grow via drop down
acquisitions from their sponsor. Based on the above-average
contract profile, we expect the company to maintain adequate
liquidity and adjusted debt to EBITDA around or below 3.5x through
2019.

"We could lower the rating if Enviva sustains debt leverage above
4.5x. This could occur if the partnership is unable to recontract
or replace counterparties for offtake volumes or if its financial
policy changes. Additionally, we could take negative rating action
if Enviva experiences liquidity challenges.

"We do not anticipate a positive rating action at this time.
However, we could consider a positive rating action if Enviva
improves its size, scale, and diversity while maintaining leverage
below 3x."



EPIC Y-GRADE: Moody's Affirms B3 CFR, Outlook Stable
----------------------------------------------------
Moody's Investors Service affirmed EPIC Y-Grade Services, LP
ratings, including B3 Corporate Family Rating, B3-PD Probability of
Default Rating, Ba3 rating assigned to its senior secured revolving
credit facility and B3 senior secured rating assigned to its term
loan. The outlook remains stable.

These rating actions follow the announcement by EPIC of a
definitive agreement to acquire, from Southcross Holdings Borrower,
LP (Holdings, Caa3 negative), the Robstown NGL fractionation
facility and a 57-mile purity products pipeline with access to
several Corpus Christi-area markets to be partually funded by $150
million incremental borrowing under the existing $650 million
senior secured first lien term loan maturing in 2024. The
acquisition is expected to close in Q4 2018.

"Robstown acquisition will add producing fractionation assets and
will allow EPIC to reduce execution risks. Pending completion of
the pipeline in mid-2019 and completion of the second fractionation
facility in early 2020, credit risk remains relatively high, but is
mitigated by a sizable up front equity commitment by the sponsors
and strong management track record, as well as continued progress
with securing off-take commitments", commented Elena Nadtotchi,
Moody's Senior Credit Officer.

Affirmations:

Issuer: EPIC Y-Grade Services, LP

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

$800 million Senior Secured Term Loan, Affirmed B3 (LGD4)

Senior Secured Revolving Credit Facility, Affirmed Ba3 (LGD1)

Outlook, Remains Stable

RATINGS RATIONALE

EPIC's B3 corporate family rating (CFR) reflects high execution
risks associated with development of its green field project to
build a new natural gas liquids (NGL) pipeline and fractionation
facilities in Texas in 2018-2020. The project anticipates the
completion of the pipeline in mid-2019 and completion of the second
fractionation facility in early 2020. Robstown acquisition will be
accretive to the overall business of EPIC and will add cash flow
during the construction period. This will improve interest coverage
metrics during the construction period in 2019 and accelerate
deleveraging in 2020. EPIC also said that it plans to temporarily
convert its NGL pipeline to crude service in Q2 2019, pending
completion of the second fractionation facility, and will be able
to raise additional revenue ahead of the initial completion of the
project.

EPIC continues to execute on the construction of the pipeline and
acquisition of all necessary permits, rights of way and
authorizations to deliver Phase III of the pipeline in line with
the anticipated mid-2019 in service date. Permitting and
authorizations for the greenfield fractionator and purity pipeline
are also on-going with service expected early 2020. Pending
completion of the construction, EPIC's B3 CFR reflects high
execution risks associated with greenfield construction, mitigated
in part through contracts with several suppliers, and elevated
volume risks with limited existing minimum volume commitments (MVC)
not exceeding 30% of the full project capacity.

During the 2018-2020 building phase, EPIC's operations, financial
profile and ability to service debt are largely underpinned by the
existing debt and equity commitments. Assuming strong and timely
execution, Moody's does not expect EPIC to generate revenues and
cash flow sufficient to support its debt until 2020. Additional
earnings from Robstown acquisition will reduce peak leverage in
2019, but EPIC's initial leverage will still be very high during
the building phase, and should decline quickly in 2020. The B3 CFR
benefits from structural credit enhancements, including an excess
cash flow sweep, capital spending and debt service reserve
accounts.

The $800 million senior secured first lien term loan is rated B3,
at the CFR level under Moody's Loss Given Default Methodology and
reflects its dominant position in the shareholders capital
structure. The Ba3 rating on the $40 million senior secured
revolving credit facility reflects its contractually superior
position relative to the term loan.

Moody's expects EPIC to maintain adequate liquidity. During the
building phase of the project, EPIC's liquidity position is
underpinned by the substantial equity contributions committed by
funds affiliated with Ares Management LLC, and Salt Creek
Midstream, as well as by the funding raised under the $800 million
senior secured term loan facility maturing in 2024 and a $40
million senior secured revolving facility maturing in 2023.

The terms of bank financing include a number of financial
covenants, that will commence six months after the completion of
the first built fractionation plant in December 2019. The financial
covenants for the senior secured revolving facility include a total
super priority debt to adjusted EBITDA of 1.00:1.00, and a Minimum
Debt Service Coverage Ratio of 1.10:1.00. The senior secured term
loan covenant includes a Minimum Debt Service Coverage Ratio of
1.10:1.00. The terms of the bank financing also include a mandatory
cash flow sweep provision on the term loan. The pace of repayments
under this provision is highly variable depending on utilization
rate and timing of capacity coming on line from 2020.

The stable outlook reflects Moody's expectation that EPIC will
continue to execute on construction plans and will remain on time
and within its budget, while also maintaining adequate liquidity in
2019. The stable outlook anticipates that the company will be able
to close the acquisition and successfully operate the Robstown
fractionation facility.

The rating may be upgraded upon the project's timely completion,
provided EPIC obtains additional off-take and marketing commitments
to reduce the volume risk. The upgrade would also require EPIC to
demonstrate an established deleveraging trend with debt/EBITDA
declining below 7x and EBITDA/Interest and fees above 2x. Its small
size and asset concentration will likely limit EPIC's rating to the
single-B category.

Delayed execution or a significant cost overrun leading to weaker
liquidity, would result in a downgrade of the ratings.

The principal methodology used in these ratings was Midstream
Energy published in May 2017.

EPIC Y - Grade Services, LP is a subsidiary of EPIC Y-Grade
Holdings LP, a group established by private equity group Ares
Management LP (NYSE:ARES) in 2017 to acquire, construct and operate
midstream assets. EPIC is developing a project to construct a
700-mile natural gas liquids (NGL) pipeline linking the Permian
producing region to Gulf Coast petrochemical companies. EPIC
expects to complete the NGL pipeline by mid-2019 and targets
initial operating capacity of 180 kboed, including Robstown
fractination facility.


ERI AMERICA: Fifth Interim Cash Collateral Order Entered
--------------------------------------------------------
The Hon. Donald R. Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois has signed a fifth order authorizing
ERI America, Inc., to use cash collateral on an interim basis
through and including October 30, 2018.

A further hearing to consider the Debtor's Cash Collateral Motion
and entry of additional cash collateral orders will be held on
October 30, 2018 at 10:00 a.m.

The Debtor may use cash collateral to pay those items delineated in
the budget, with a variance from actual-to-projected weekly
disbursements not to exceed 10% on a cumulative basis.

The Lienholders (a) The Illinois Department of Revenue, (b) the
Internal Revenue Service, (c) Birla Precision Technologies, Inc.
and (d) Mapal, Inc. have asserted secured claims against some or
all of the Debtor's assets, including the Debtor's cash and
accounts receivable pursuant to tax liens or pending Citation to
Discover Assets.

The Lienholders are granted replacement liens upon and in Debtor's
post-petition cash and accounts receivable in the same priority as
the Lienholders' existing, prepetition liens (to the extent valid),
and in no event to exceed the type, kind, priority and amount, if
any, of their liens which existed on the Petition Date.

The Debtor is authorized to make monthly adequate protection
payments to the Lienholders, consisting of 9% interest, retroactive
to the Petition Date as follows:

               Illinois Department of Revenue            $79
               Internal Revenue Service                 $865
               Birla Precision Technologies           $1,153
               Mapal Inc                                $771

A full-text copy of the Fifth Cash Collateral Order is available
at

                 http://bankrupt.com/misc/ilnb18-11597-61.pdf

                       About ERI America Inc.

ERI America, Inc. -- http://www.eri-america.com/-- offers a broad
range of tooling and tool holding solutions from standards to
specials.  It is headquartered in Lake Zurich, Illinois.

ERI America sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ill. Case No. 18-11597) on April 20, 2018.  In
the petition signed by Frank J. Fullone, president, the Debtor
estimated assets of less than $500,000 and liabilities of $1
million to $10 million.  Judge Donald R. Cassling presides over the
case.  The Debtor employed Cohen & Krol as its legal counsel.


ESH HOSPITALITY: Moody's Hikes CFR to Ba3 & Alters Outlook to Pos.
------------------------------------------------------------------
Moody's Investors Service upgraded ESH Hospitality, Inc.'s ratings,
including its corporate family rating to Ba3 from B1 and revised
the rating outlook to stable from positive. Concurrently, Moody's
assigned a Speculative Grade Liquidity Rating at SGL-2.

The following ratings were upgraded:

  - Corporate Family Rating to Ba3 from B1.

  - Senior Unsecured Notes due 2025 upgraded to Ba3 from B1,

  - Senior Secured Term Loan due 2023 to Ba2 from Ba3,

  - Senior Secured Revolver due 2021 to Ba2 from Ba3.

The following rating was assigned:

  - Speculative Grade Liquidity Rating at SGL-2.

Outlook action:

Outlook revised to stable from positive

The rating upgrade reflects ESH's improved credit profile supported
by enhancements to the portfolio quality, demonstrated ability and
willingness to maintain strong liquidity and disciplined financial
policy as the REIT executes on a 5-year portfolio transformation
initiative ESA 2.0. The upgrade also recognizes that the REIT
operates with moderate Net Debt/EBITDA (4.1x as of LTM Q2 2018).
Moody's projects that ESH's leverage will decline to under 4x by
the end of 2018, driven by a combination of debt reduction from
asset sales and stronger earnings from the remaining higher quality
portfolio. Moody's expects that ESH will continue to operate with
leverage at or under 4x in the next 12-18 months even as the REIT
executes on its new renovation cycle starting in November.

ESH has shown good progress in executing its 5-year strategic
growth plan that is based on adding franchised properties to
account for roughly 27% of the portfolio by the end of 2021 and
further improving portfolio quality through select dispositions,
development and renovations. If executed as planned, the portfolio
transformation is a credit positive for ESH, because it will result
in a higher quality portfolio of owned properties. It will also
decrease volatility of earnings for Extended Stay due to the
addition of less volatile franchise earnings. However, there are
certain risks with such a transformational change of the portfolio,
and the ultimate success of this growth initiative remains to be
seen.

ESH's liquidity position is sound, supported by a $350 million
undrawn secured revolver that matures in August 2021, predictable
internally generated cash flows, and constrained by a lumpy debt
maturity schedule and meaningful investments in ground-up
development and its renovation program over the next three years.
ESH's SGL-2 rating recognizes the REIT's ability to meet its cash
obligations over the coming 12-months period through internal
sources and cash on hand without external financing. ESH's bank
facility is secured by an equity interest in subsidiaries that hold
substantially all the real-estate properties. This collateral
structure does not allow ESH subsidiaries to incur additional debt,
but allows ESH to sell individual properties without necessarily
having to apply the proceeds to repay the facility or reinvest in
capex, which provides an additional alternate liquidity.

RATINGS RATIONALE

The Ba3 corporate family rating reflects ESH Hospitality's moderate
leverage with Net Debt/EBITDA at around 4x and strong market
position in the mid-price extended stay lodging segment. The REIT
benefits from the less operating-intensive nature of this lodging
segment that results from longer average length of stay, lower
levels of service, and resultant higher profitability. With 599
properties at June 30, 2018, ESH enjoys a wide geographic footprint
encompassing 44 states across the United States. Counterbalancing
these positive credit factors, all ESH's properties are managed
under a single brand, creating a concentration risk.The rating is
also tempered by the volatility inherent in the lodging economic
cycle as well as intense competition from a number of lodging
chains owned by well capitalized leading hotel operators with vast
marketing expertise and resources.

The stable rating outlook reflects Moody's expectation that ESH
will continue operating with a moderate leverage of Net Debt/EBITDA
of approximately 4x or lower as it continue to invest in
improvements in portfolio quality through renovation and
development initiatives.

Moody's will likely upgrade ESH's ratings should the REIT decrease
its brand concentration, improve its debt maturity ladder and
reduce secured debt levels closer to 17% of gross assets while
continuing to demonstrate sound operating performance. An upgrade
will also require that liquidity remain strong throughout an
industry and economic cycle.

A downgrade would occur from liquidity challenges or an unexpected
drop in demand that causes RevPAR to decline below $45 (below
FY2015 levels), or deterioration in leverage such that Net
Debt/EBITDA increases over 4.5x. A shift toward a more aggressive
acquisition-oriented growth strategy would also be viewed
negatively, as would an increase in debt-financed shareholder
initiatives.

The principal methodology used in these ratings was REITs and Other
Commercial Real Estate Firms published in September 2018.

ESH Hospitality, Inc., a REIT subsidiary of Extended Stay America,
Inc. headquartered in Charlotte, N.C., owns its parent company's
599 hotels in 44 U.S. states comprising approximately 66,200 rooms
as of June 30, 2018. The company's brand, Extended Stay America,
serves the mid-priced extended stay segment.


ESSAR STEEL: Foreign Rep's Sale of U.S. Assets Approved
-------------------------------------------------------
Judge Brenda L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware (i) authorized Essar Steel Algoma Inc., as
foreign representative, for itself and its affiliated debtors, to
sell any property used in connection with Algoma's business that is
located within the territorial jurisdiction of the United States
free and clear of liens, claims, encumbrances, and other interests,
pursuant to the terms and conditions set forth in the Asset
Purchase Agreement between Algoma Canada, Essar Steel Algoma Inc.
USA, and Algoma Steel Inc. (formerly known as 1076318 B.C. Ltd.);
and (ii) recognized and gave full force and effect to the Approval
and Vesting Order entered by the Canadian Court on Sept. 21, 2018
("Canadian Sale Order").

In accordance with the relief granted under the Canadian Sale
Order, the APA, all transactions contemplated therein, and all of
the terms and conditions thereof are approved.

The Debtors are authorized to transfer the U.S. Assets to the Buyer
free and clear of all Liens, Claims, encumbrances, and other
interests, in accordance with the APA and the Canadian Sale Order.

The Buyer will not be required to ask or obtain relief from the
automatic stay under Section 362 of the Bankruptcy Code as granted
in these chapter 15 cases pursuant to the Recognition Order to
enforce any of its remedies under the APA or any other related
document.  The automatic stay imposed by section 362 of the
Bankruptcy Code as granted in these cases pursuant to the
Recognition Order is modified solely to the extent necessary to
implement the preceding sentence.

To the extent authorized under the Canadian Sale Order, the Court
recognized that upon the repayment in full in cash of all
indebtedness under the DIP Facility as of the Closing Date, the DIP
Lenders' Charge, will be terminated, released, and discharged.
Notwithstanding Bankruptcy Rule 6004(h), the Order will not be
stayed after the entry of the Order and will be effective
immediately upon entry, and the Foreign Representative, the Debtors
and the Buyer are authorized to close the Sale immediately upon
entry of the Order.

A copy of the Canadian Sale Order and the APA attached to the Order
is available for free at:

     http://bankrupt.com/misc/Essar_Steel_306_Order.pdf

                        About Essar Steel

Headquartered in Sault Ste. Marie, Ontario, Canada, Essar Steel
Algoma Inc. is an integrated steel producer.  Essar Steel operates
one of Canada's largest integrated steel manufacturing facilities.


Approximately 80% to 85% of ESA's sales are sheet products with
plate products accounting for the balance.  For the 12 months
ending Dec. 31, 2013, ESA generated revenues of C$1.8 billion.

Robert J. Sandoval filed a petition under Chapter 15 of the U.S.
Bankruptcy Code for Essar Steel Algoma Inc., and its debtor
affiliates on July 16, 2014, following the companies' initiation of
a reorganization under Canada's Companies' Creditors Arrangement
Act.  The lead case is Essar Steel Algoma Inc., Case No. 14-11730
(D. Del.).   

The Chapter 15 case is assigned to Judge Brendan Linehan Shannon.


Essar Steel's counsel in the Chapter 15 case is Daniel J.
DeFranceschi, Esq., and Amanda R. Steele, Esq., at Richards, Layton
& Finger, P.A., in Wilmington, Delaware.


FAIRFIELD TIC: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Fairfield TIC, LLC
          dba Fairfield Shopping Center
        1055 Laskin Road, Suite 100
        Virginia Beach, VA 23451

Business Description: Fairfield TIC, LLC operates the
                      Fairfield Shopping Center located at
                      Corner of Providence Road and Kempsville
                      Road Virginia Beach, VA 23464.

Chapter 11 Petition Date: October 23, 2018

Court: United States Bankruptcy Court
       Eastern District of Virginia (Norfolk)

Case No.: 18-73744

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
                  Email: kcrowley@clrbfirm.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Jon S. Wheeler, manager.

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

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

         http://bankrupt.com/misc/vaeb18-73744.pdf


FIRELANDS GROUP: Seeks Authorization on Cash Collateral Use
-----------------------------------------------------------
The Firelands Group, LLC seeks authorization from the United States
Bankruptcy Court for the Central District of Illinois to use cash
collateral in the ordinary course of its business to the extent
provided in the Budget.

The Debtor has an immediate need to use cash collateral which is
likely subject of the liens in favor of Hickory Point Bank & Trust,
in order to permit, among other things, the orderly continuation of
the operation of the Debtor's businesses, to maintain business
relationships with vendors and suppliers and to satisfy other
working capital needs.

As of the Petition Date, the Debtor is indebted to Hickory Point
Bank in the approximate amount of $1,385,000. Based upon its
preliminary investigation and analysis, the Debtor believes that
the aforementioned obligations may be secured by valid, enforceable
and non-avoidable liens and security interests in substantially all
of the property owned by the Debtor.

The Debtor claims that Hickory Point Bank may be entitled to
adequate protection of its interests in the Debtor's Cash
Collateral in order to be protected from any diminution in value of
such cash collateral, including the diminution resulting from the
use of cash collateral and the imposition of the automatic stay.
Therefore, the Debtor agrees to, and request authority to, provide
the required adequate protection as follows:

     (a) The Debtor will grant Hickory Point Bank a post-petition
replacement lien in all assets of the Debtor to the same extent as
Hickory Point Bank's valid, properly perfected liens in the
Debtor's pre-petition property, excluding bankruptcy causes of
action, to the extent necessary to secure Hickory Point Bank for
any diminution in the value of the Debtor's Cash Collateral
securing Hickory Point Bank's prepetition obligations that occurs
during the period of cash use, subject to any prior existing valid
lien superior to Hickory Point Bank on the date of filing;

     (b) The Debtor will use cash collateral amounts consistent
with its cash use projections and those submitted to the Court and
Hickory Point Bank from time to time hereafter;

     (c) The Debtor will, with reasonable advance notice, permit
Hickory Point Bank full and free access to the Debtor's books,
records and place of business to verify the existence, condition
and location of property in which Hickory Point Bank holds a
security interest and to perform all actions permitted under the
Debtor's loan documents with Hickory Point Bank;

     (d) The Debtor will provide to Hickory Point Bank monthly
reports comparing its actual results of operations to its Cash Use
Budget; and

     (e) The Debtor will make adequate protection payments to
Hickory Point Bank as set forth on the Debtor's Cash Use Budget.

A full-text copy of the Debtor's Motion is available at

                     http://bankrupt.com/misc/ilcb18-90996-4.pdf

                            About The Firelands Group

The Firelands Group, LLC sells remotely controllable model
vehicles, quadcopter and wireless drone cameras.  The Firelands
Group is an Illinois limited liability company with its principal
place of business in Champaign, Illinois.

The Firelands Group, LLC filed a Chapter 11 petition (Bankr. C.D.
Ill. Case No. 18-90996), on October 2, 2018. The Petition was
signed by Michael Gillette, manager. The case is assigned to Judge
Mary P. Gorman. The Debtor is represented by Michael P. O'Neil,
Esq. at Taft Stettinius & Hollister LLP. At the time of filing, the
Debtor had $1,125,741 in total assets and $2,815,399 in total
liabilities.


FLEXI-VAN LEASING: Moody's Cuts CFR to Caa1 & Alters Outlook to Neg
-------------------------------------------------------------------
Moody's Investors Service downgraded the Corporate Family Rating of
container chassis equipment provider Flexi-Van Leasing, Inc. to
Caa1, from B3, and the Probability of Default Rating to Caa1-PD,
from B3-PD. Moody's also downgraded the rating of the $300 million
senior secured notes due 2023 to Caa2, from Caa1. The ratings
outlook is changed to negative from stable.

RATINGS RATIONALE

The downgrade reflects Moody's expectation that the earnings
pressure from weakening average daily rental rates and the costs
associated with a fleet upgrade will persist through 2019. Average
daily rental rates are adversely affected by competing bids for
renewal of contracts with steamship lines who continue to exert
pressure on chassis equipment providers to offer lower rates. In
addition, average rental rates are impacted by a shift from higher
motor carrier rates to lower steamship line rates as steamship
lines increasingly offer freight rates to their customers that
include the cost of chassis usage. Flexi-Van's fleet upgrade
includes a change to more costly but also more durable radial tires
and LED lights that are expected to generate cost savings over
time. Moody's anticipates that (adjusted) operating margins will
remain substantially below its prior expectation of a gradual
recovery in margins.

As a result, financial leverage will be very elevated, with
debt/EBITDA in excess of 6.5 times in 2019, in Moody's estimates,
even when calculated including the cash portion of interest income
on advances to affiliates. In addition, liquidity is weakening as
Moody's believes that the headroom under the minimum interest
coverage ratio of the company's $185 million revolving credit
facility continues to diminish. Further, free cash flow could turn
negative in 2018, even when calculated after proceeds from the sale
of used equipment.

The negative outlook reflects the uncertainty regarding Flexi-Van's
ability to manage its cost basis to offset the adverse pricing
developments and the possible need to seek a waiver from its
lenders in the event financial covenants were to be breached.

The $300 million senior secured second lien notes due 2023 are
rated Caa2, one notch below the Caa1 CFR. This reflects the higher
ranking in Moody's Loss Given Default analysis of the $185 million
revolving credit facility that has a first lien claim on
substantially all of the company's assets.

The ratings could be upgraded if Moody's expects that (adjusted)
operating margins improve such that debt/EBITDA decreases to 6.5
times or less, FFO+interest/interest increases to at least 2 times
and free cash flow is consistently positive.

The ratings could be downgraded if Moody's expects that (adjusted)
operating margins remain pressured, debt/EBITDA exceeds 8.5 times,
or if the cash portion of interest income on advances to affiliates
decreases. The ratings could also be downgraded if Moody's expects
that Flexi-Van may be unable to obtain a waiver in the event of a
covenant breach, if the availability on the $185 million revolving
credit facility diminishes materially, or if free cash flow after
proceeds from the sale of used equipment remains negative.

Downgrades:

Issuer: Flexi-Van Leasing, Inc.

Corporate Family Rating, Downgraded to Caa1 from B3

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

Senior Secured Regular Bond/Debenture, Downgraded to Caa2 (LGD4)
from Caa1 (LGD4)

Outlook Actions:

Issuer: Flexi-Van Leasing, Inc.

Outlook, Changed To Negative From Stable

The principal methodology used in these ratings was Global Surface
Transportation and Logistics Companies published in May 2017.

Flexi-Van Leasing, Inc., headquartered in Kenilworth, NJ, is one of
three main providers of chassis rental equipment to the intermodal
transportation industry in North America, with a total chassis
fleet of approximately 125,000 units. Flexi-Van Leasing, Inc. is a
private company, owned indirectly by Mr. David H. Murdock, Chairman
and CEO of the company.


FLOYD SQUIRES: Examiner's $325K Sale of Eureka Improved Parcel OK'd
-------------------------------------------------------------------
Judge William J. Lafferty, III of the U.S. Bankruptcy Court for the
Northern District of California authorized Janina M. Hoskins, the
Examiner with Expanded Powers of the estate of the Floyd E. Squires
III and Betty J. Squires, to sell the improved parcel located at
205 4th Street, Eureka, California to Justin Rasteger and/or
assigns for $325,000.

A hearing on the Motion was held on Oct. 10, 2018 at 10:30 a.m.

The sale is free and clear of the liens, claims, encumbrances and
interests, with those liens, claims, encumbrances and interests to
re-attach to the proceeds of sale.

With respect to the lien in favor of Mark Adams, the sale is free
and clear of that lien but only with respect to the Property and
said lien will remain in full force and effect with respect to any
other properties to which it currently attaches.

The Examiner is authorized to pay a real estate broker's commission
not to exceed 6% of the total sale price, which will be split with
the Buyer's broker.  The Examiner is also authorized to pay
standard closing costs, including but not limited to unpaid real
property taxes, escrow fees, if any, recording costs and the like.

The order is effective upon entry, and the stay otherwise imposed
by Rule 62(a) of the Federal Rules of Civil Procedure and/or
Bankruptcy Rule 6004(h) will not apply.

Nothing in the Order will prevent the City of Eureka from enforcing
any rights or remedies against the Property based upon any
condition or violation that arises or continues from and after the
closing

Floyd E. Squires, III, and Betty J. Squires filed for chapter 11
protection (Bankr. N.D. Cal. Case No. 16-10828) on Nov. 8, 2017,
and are represented by David N. Chandler, Esq., of the Law Offices
of David N. Chandler.

Janina M. Hoskins was appointed as examiner of the Debtors.



FORTRESS GROUP: Fitch Affirms BB LongTerm IDR, Outlook Stable
-------------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings of
Fortress Investment Group LLC and its related entities at 'BB'. In
addition, Fitch has affirmed Fortress' Short-Term IDRs at 'B'. The
Rating Outlook is Stable.

Fitch has also assigned Long- and Short-term IDRs of 'BB' and 'B',
respectively, to Foundation Holdco LP, FIG Parent, LLC and FinCo I
Intermediate HoldCo LLC, which serve as joint and several
guarantors on the secured term loan issued from Finco I LLC. The
joint guarantors each directly or indirectly own all interests in
Fortress Investment Group LLC.

Fitch has also withdrawn the Long- and Short-term IDRs of 'BB' and
'B', respectively, for FIG LLC and Fortress Operating Entity I
L.P., as these ratings are no longer considered by Fitch to be
relevant to the agency's coverage because the entities are no
longer issuers or guarantors of any outstanding debt.

The rating actions have been taken as part of a periodic peer
review of the alternative investment manager (IM) industry, which
is comprised of seven publicly rated global firms. Fitch's outlook
for the sector is stable and reflects the relative stability of
core operating fundamentals, given the locked-in nature of a large
portion of fee revenue, modest and decreasing leverage for higher
rated firms, manageable near term obligations relative to available
liquidity resources, increasing and improved diversification of
assets under management (AUM) and investors' increasing allocation
to alternative investments, particularly those managed by large
alternative IMs with stronger and more diversified franchises such
as those included in Fitch's peer review.

Growth in fee-earning AUM remained strong for the rated peer group
through the first-half of 2018 (up 13.5% year over year), as
several flagship funds were in the market this year and firms
continued to raise capital for step-out strategies and a growing
number of permanent capital vehicles. While fundraising for the
industry slowed in 2018 from the breakneck pace recorded in 2017,
Fitch's rated peer group continued to report robust inflows during
the first six months of 2018. Fundraising is expected to remain
strong into 2019, despite the meaningful amount of uncalled capital
in the sector to invest.

Management fee revenue is expected to continue its upward
trajectory next year, as several large second and third generation
funds begin their investment periods, although fees on drawdown
capital (which are earned when the capital is invested) may be
slower to materialize as the investment environment remains
challenging. While a market dislocation would impact the valuations
and realization of existing investments, it could also result in
stronger management fee growth thereafter, as uncalled capital
would be invested at a faster pace. However, Fitch does not expect
a widespread distressed cycle to emerge over the near-term.

Despite high valuations, the largest alternative IMs continue to
generate deal flow given their global reach. Blackstone invested
$48.9 billion of capital during the trailing 12 months (TTM) ended
June 30, 2018, which was up 49.4% over the prior 12-month period.
Ares, Carlyle and Apollo also continued to increase their
investment pace, with capital deployed up 64.3%, 28.6% and 21.6% in
the TTM ended June 30, 2018, respectively.

The variable cost structure of the alternative IMs has contributed
to relatively steady cash flows through cycles. Fee-related
earnings before interest, taxes, depreciation, and amortization
(FEBITDA) margins improved for higher rated firms during the TTM
ended June 30, 2018, due to scale benefits from follow-on funds and
adjacent strategies. The FEBITDA margin for 'A' category
alternative IMs averaged 42.4% for the TTM ended June 30, 2018,
compared to 41.9% for the same period in 2017 and Fitch's
quantitative benchmark range of 30%-50% for 'A' category
alternative IMs. Still, dispersion in the rated peer group is
significant, with a more than 35 percentage point differential
between the highest and lowest performer, driven by differences in
strategy, business/fund structure, product mix, and fundraising
activity. Fitch believes higher margins provide enhanced operating
flexibility through cycles. Firms with margins at the lower-end of
the peer group will be increasingly focused on generating positive
operating leverage in their business models.

As expected, gross realized incentive income retreated in 2018 off
the high levels recognized in 2017 when firms took advantage of
high market valuations to opportunistically exit certain
investments. Fitch believes realized incentive income is likely to
continue to decline in 2019, given the length of time valuations
have been at elevated levels and a reduction in the average age of
fund holdings. That said; incentive income accruals remain strong
and Fitch believes the annual recognition of realized incentive
income may be less volatile than pre-crisis experience given the
increased diversity of product platforms.

Leverage across the industry was mixed in 2018, but is down on
average, as several flagship funds entered their investment periods
during the year, benefiting management fees. Average leverage, as
measured by debt divided by FEBITDA, was 3.0 times (x) for 'A'
category firms for the TTM ending June 30, 2018, which is above
Fitch's 'a' category quantitative benchmark range of 0.5x - 2.5x
for alternative IMs, but below average leverage of 3.1x a year ago.
Fitch expects leverage levels to generally decline to the benchmark
range over time, as FEBITDA growth is driven by cost controls,
increased scale, continued fundraising, and the gradual deployment
of FAUM that earns fees on invested capital.

Unsecured debt issuance for the sector picked up in 2018, with
issuances in the U.S. and Japan aggregating $1.0 billion. Issuers
also continue to consider the preferred market an attractive source
of long term funding. Apollo tapped the preferred market for the
second time, issuing $300 million of 6.375% preferred units in
March 2018 and Oaktree tapped the market twice during the year,
issuing $180 million of 6.625% preferred units in May 2018 and $235
million of 6.55% preferred units in August. As of Oct. 22, 2018,
$2.2 billion of preferred securities were outstanding across the
rated universe and receive 100% equity credit from Fitch.

Counterbalancing leverage levels that remain above Fitch's
quantitative benchmark range is the maintenance of strong liquidity
profiles. Several firms remained in negative net debt positions in
2018 and proceeds from perpetual preferred issuances have been used
to improve operating flexibility and liquidity. There are no debt
maturities for the sector in 2H18 and maturities in 2019 are
negligible. Payout ratios remain relatively high, but Fitch
believes alternative IMs retain the ability to reduce shareholder
distributions, as necessary, to meet obligations. While several
share repurchase programs have been announced in recent years,
execution on the programs remains limited. Fitch believes share
repurchases will remain opportunistic and are not expected to
impair the sector's overall liquidity.

KEY RATING DRIVERS

IDRs AND SENIOR DEBT
The rating affirmations reflect Fortress' established position as a
global alternative IM, experienced management team, stable cash
flow generation, moderate management fee exposure to net asset
value (NAV) movements, modest and declining balance sheet
co-investments, and a solid liquidity profile.

Ratings are constrained by elevated leverage levels, limited
revenue diversity relative to more highly rated peers, investment
concentrations within its private equity (PE) vehicles, historical
underperformance in certain funds and business segments and a fully
secured funding profile. The ratings are also constrained by 'key
man' risk, which is institutionalized throughout many limited
partnership agreements, reputational risk, which can impact the
company's ability to raise future funds, and strategic uncertainty
associated with Fortress' new owner, SoftBank Group Corp. (SBG).

On Dec. 27, 2017, SBG acquired Fortress for $3.3 billion in cash.
The transaction was funded through a $1.4 billion term loan, new
investor equity led by SBG and balance sheet cash. Following the
close of the acquisition, SBG and its wholly-owned subsidiaries own
all outstanding Fortress shares and Fortress' shares were delisted
from the New York Stock Exchange. Fortress' ratings are currently
unaffected by the change in ownership as the firm has continued to
operate as an independent business, and SBG has articulated that it
is committed to maintaining Fortress's leadership, business model,
brand, personnel, processes and culture.

At June 30, 2018, Fortress had $41.4 billion in alternative AUM,
down from $43.6 billion at the end of 2017, as capital inflows into
credit PE funds were more than offset by distributions from PE
funds, credit hedge funds and a decline in AUM in permanent capital
vehicles (PCVs) following the termination of the management
agreement with Drive Shack Inc. (effective Jan. 1, 2018).

Fortress' fee base is relatively stable as approximately 80% of its
alternative FAUM is in permanent equity or long-term fund
structures that mature beyond the five-year debt maturity. However,
a portion of management fees earned is based on NAV of the
applicable funds, which is subject to fluctuations. Given the
firm's relatively predictable management fees combined with its
variable cost basis, Fitch believes there is good forward
visibility on the level of management fees and FEBITDA, which
should allow for a continued reduction in leverage over time.
Fortress had $10.7 billion of uncalled capital at June 30, 2018,
which provides potential upside to the firm's management fees and
cash flows. Additionally, Fortress had $1.5 billion of net
undistributed incentive income (net of intrinsic clawback but gross
of compensation under employee profit sharing arrangements), the
realization of which would contribute to additional free cash flow
generation. However, realized incentive income can be volatile
since it is dependent on the level and timing of investment exits
and fund performance.

Fortress' FEBITDA margin for the TTM ended June 30, 2018, amounted
to approximately 19%; down from 26% for the same period of the
prior year. Management fees in 1H18 declined 14.7% from 1H17,
excluding Logan Circle Partners (Logan Circle), which was sold in
September 2017. The decline was largely driven by lower management
fees from the PE segment, as certain funds were no longer subject
to management fees in 2018, and lower average AUM in credit PE
funds following net capital distributions in 2017 and 2018.
Incentive income (excluding Logan Circle) increased 112.0% in 1H18,
year over year, driven largely by higher incentive income from
certain credit PE funds and the firm exercising its options and
sale of resulting shares in New Residential Investment Corp. (one
of the PCVs). Fitch believes that management fees should improve
over the Outlook horizon as dry powder is deployed. Additionally,
margins should benefit from the sale of Logan Circle, which was a
drag on the firm's operating leverage.

Fortress' leverage, calculated by Fitch as debt-to-FEBITDA,
amounted to 13.9x on a TTM basis at June 30, 2018, which is up
materially from 1.3x a year ago due to the debt issued in
connection with the acquisition by SBG, and well above Fitch's 'bb'
quantitative benchmark range of 4.0x - 6.0x for alternative IMs in
the 'bb' rating category. Pro forma for the repayment of $22
million of debt following the end of 2Q18, leverage declined
modestly to 13.6x. However, because Fortress does not report
incentive income compensation separately, which Fitch adds back to
FEBITDA, Fitch believes that Fitch-calculated FEBITDA for Fortress
is understated; particularly in recent years since incentive income
has been significant. Therefore, Fitch also assesses Fortress' cash
flow leverage by assuming a 35% FEBITDA margin (which is consistent
with historical margins in years before Logan Circle was acquired).
On this basis, leverage amounted to 7.5x for the TTM ended June 30,
2018, and 7.4x pro forma for the debt repayment in the third
quarter. Fitch continues to believe that leverage may be challenged
to get below 6.0x by the end of 2018, but it should decline over
time.

For covenant purposes, the cash flow leverage ratio gives credit to
balance sheet cash (resulting in a net debt figure in the
numerator) and realized incentive income (increasing the
denominator). Fitch estimates that the covenant calculation on the
secured term facility may not require free cash flow sweep payments
beyond 2018, given the reduction in leverage on that basis.
Therefore, longer-term reductions in leverage will be highly
dependent upon voluntary debt prepayments and growth in the
company's FAUM, and, therefore, FEBITDA.

In connection with the acquisition by SBG, Fortress repaid the
outstanding borrowings under its $275 million senior unsecured
revolving credit facility, and terminated all commitments
thereunder, and entered into a new credit agreement for a $1.4
billion senior secured term loan and $90 million senior secured
revolving loan facility. The change in the firm's funding sources
from unsecured debt to secured debt reduces Fortress' funding
flexibility, in Fitch's view, and does not compare favorably with
that of more highly rated peers who are predominantly unsecured
funded. In June 2018, Fortress repriced its secured term loan,
which reduced pricing by 50bps at the time of the repricing, to
LIBOR plus 200bps, and repaid $196.5 million of the outstanding
borrowings, leaving $1.2 billion of principal outstanding.
Subsequent to June 30, 2018, Fortress repaid an additional $22
million of principal outstanding on the term loan. Fitch views
these debt paydowns as consistent with Fortress' strategy of
reducing its leverage over time.

The firm's liquidity profile was considered solid at June 30, 2018,
with $428.9 million of balance sheet cash and no near-term debt
maturities, although the term loan is subject to a mandatory cash
flow sweep if leverage is above certain leverage thresholds. Based
on the current leverage level, Fitch does not expect meaningful
repayments on the term loan to be required under the cash flow
sweep, but this could change to the extent that EBITDA declined
materially. Given Fortress' recent ownership change, it is not yet
clear how much available cash will be used for debt reductions,
opportunistic acquisitions, or distributions to the parent.

Distributions to SBG are limited to amounts available in a
restricted payment basket to help ensure repayment of the term
loan, which Fitch views favorably. Fitch believes that Fortress'
current liquidity is sufficient to support potential distributions
to SBG through full utilization of the available basket. Any future
distributions in excess of this amount will require a simultaneous
paydown of the term loan. Fitch does not expect Fortress to pay
distributions in excess of the available basket to SBG in the
near-term, although Fitch is not certain what the distribution
policy will be longer-term.

The Stable Rating Outlook reflects Fitch's expectations for
continued deleveraging and sufficient management fee generation
over the Outlook horizon, given continued fund raising and an
increase in permanent capital FAUM.

The secured debt rating is equalized with Fortress' IDR, reflecting
Fitch's expectation of average recovery prospects for the debt
class in a stress scenario.

SUBSIDIARY AND AFFILIATED COMPANY

Fortress' related entities includes FinCo I LLC, which indirectly
owns Fortress Investment Group LLC following the SBG acquisition,
and is the issuer of the secured term loan. Related entities also
include Foundation Holdco LP, FIG Parent, LLC and FinCo I
Intermediate HoldCo LLC, which serve as joint and several
guarantors of the secured term loan and are shell holding companies
above Fortress Investment Group LLC. Therefore, the Long-Term IDRs
of each entity are equalized with those of Fortress.

RATING SENSITIVITIES

IDRs AND SENIOR DEBT

Negative rating pressure could be driven by an inability to reduce
leverage below 6.0x (assuming a 35% FEBITDA margin) over the Rating
Outlook horizon, a reduction in management fees resulting from
significant realization activity or material declines in asset
values, and/or a diminished liquidity profile. Deterioration in the
credit profile of SBG combined with inadequate limitations on SBG's
ability to extract liquidity from Fortress to the detriment of its
debt holders, could also pressure Fortress' ratings.

Positive rating momentum could result from leverage approaching or
below 4.0x, continued FAUM growth, increased revenue diversity,
increased funding flexibility through access to unsecured debt
and/or more diversified funding sources, and maintenance of solid
liquidity levels.

The secured debt ratings are equalized with Fortress' long-term IDR
and would be expected to move in tandem with any changes to the
IDR.

SUBSIDIARY AND AFFILIATED COMPANIES

The ratings of FinCo I LLC, Foundation Holdco LP, FIG Parent, LLC
and FinCo I Intermediate HoldCo LLC are linked to the IDR of
Fortress and are, therefore, expected to move in tandem with the
ratings of Fortress.

Fortress, a Delaware incorporated limited liability company, is a
global alternative investment manager specializing in private
equity, credit funds, permanent capital vehicles and hedge funds.
As of June 30, 2018, Fortress' assets under management totaled
$41.4 billion.

Fitch has affirmed the following ratings:

Fortress Investment Group LLC

  -- Long-term IDRs at 'BB';

  -- Short-term IDRs at 'B'.

FinCo I LLC

  -- Long-term IDRs at 'BB';

  -- Short-Term IDR at 'B';

  -- Secured debt at 'BB'.

Fitch has assigned the following ratings:

Foundation Holdco LP

FIG Parent, LLC

FinCo I Intermediate HoldCo LLC

  -- Long-term IDRs 'BB';

  -- Short-Term IDR 'B'.

Fitch has withdrawn the following ratings:

FIG LLC

Fortress Operating Entity I L.P.

  -- Long-term IDRs 'BB';

  -- Short-Term IDR 'B'.

The Rating Outlook is Stable.


GEP HAYNESVILLE: S&P Assigns 'B' Corp Credit Rating, Outlook Stable
-------------------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate issuer rating to GEP
Haynesville LLC.  The outlook is stable.

S&P said, "At the same time, we assigned a 'B' issue-level rating
to GEP Haynesville's proposed $600 million senior unsecured notes
due 2023. The recovery rating on the notes is '3', indicating our
expectation of meaningful (50% to 70%; rounded estimate: 50%)
recovery to creditors in the event of a payment default.  

"Our rating on GEP Haynesville reflects the company's participation
in the cyclical and capital-intensive E&P industry, its small
proved reserve and production base that is entirely concentrated on
natural gas in the Haynesville shale, a 57% proportion of proved
undeveloped reserves (PUDs), a relatively low reserve life, and a
fairly short operating history. The rating also incorporates its
relatively low natural gas price differentials, long-term
transportation contracts, and active hedging program, which we view
as advantageous. Based on our oil and natural gas price
assumptions, we estimate the ratio of funds from operations (FFO)
to debt to remain in the low-20% range with negative free cash flow
over the next few years.  

"The stable outlook reflects our expectations for GEP Haynesville
to grow production at 3%-5% over the next two years while keeping
capital spending and negative free cash flow in check. We expect
the revolver borrowing base of $300 million to support outflows in
the near term as the company builds on its asset base and creates a
more meaningful operational track record. We also forecast FFO/debt
to remain above 20%.

"We could lower the rating if FFO/debt approaches 12%, or if
liquidity deteriorates. This would most likely occur if commodity
prices were to fall below our price deck assumptions or if the
company did not meet our production growth expectations."

An upgrade would be possible if the company improved its scale of
reserves and production to levels more consistent with 'B+' rated
peers (including increasing the proportion of proved developed
reserves) while maintaining FFO/debt well above 20% and adequate
liquidity.



GLOBAL HOTELS: Court OK's Plan Outline; Nov. 27 Plan Hearing Set
----------------------------------------------------------------
Bankruptcy Judge John S. Hodge approved Global Hotels
International, LLC's disclosure statement with respect to its
chapter 11 plan filed Sept. 21, 2018.

Nov. 20, 2018 is fixed as the last day for filing written
acceptances or rejections of the plan, and the last day for filing
and serving written objections to the confirmation of the plan.

Nov. 27, 2018, at 9:30 a.m. is fixed for the hearing on
confirmation of the plan to be held at 300 Fannin Street, Courtroom
Four, Fourth Floor, Shreveport, LA 71101.

Prior to the Disclosure Statement hearing, the Debtor filed an
amended disclosure statement, a full-text copy of which is
available from PacerMonitor.com at https://tinyurl.com/ybw57nxd at
no charge containing immaterial modifications.

As previously reported by the Troubled Company Reporter, general
unsecured creditors are classified in Class 2 under the plan and
will be paid in full, without interest, with payments commencing 60
days from the effective date which will be made in equal quarterly
installments over five years. However, payments on the claims of
the Greater North Louisiana Community Development District, who is
also an equity holder, may be deferred at the option of the
Debtor.

A copy of the Disclosure Statement is available for free at:

     http://bankrupt.com/misc/lawb18-30342-97.pdf  

                 About Global Hotels

Global Hotel International, LLC, is a provider of traveler
accommodations in Jonesboro, Louisiana.  Global Hotel
International, a single asset real estate as defined in 11 U.S.C.
Section 101(51B), is the fee simple owner of a real property
located 144 Old Winnsboro Rd. (consisting of 1.65 acres of land,
hotel, FF&E), valued by the Company at $4.10 million.

Global Hotel International filed a Chapter 11 petition (Bankr.
W.D.
La. Case No. 18-30342) on Feb. 26, 2018.  In the petition signed
by
Herbert Simmons, managing partner, the Debtor disclosed $5.37
million in total assets and $4.39 million in total liabilities.
Judge Jeffrey P. Norman presides over the case.  Bradley L. Drell
and the law firm of Gold, Weems, Bruser, Sues & Rundell, APLC,
serve as the Debtor's counsel.


GOLFTHERE CORP: $640K Sale of All Assets to YGT Approved
--------------------------------------------------------
Judge D. Sims Crawford of the U.S. Bankruptcy Court for the
Northern District of Alabama authorized GolfThere Corp.'s sale of
substantially less than all assets to Your Golf Travel, Inc.
("YGT") for $640,000.

The Debtor conducted an auction on Oct. 17, 2018, for the sale of
the Assets pursuant to and consistent with the Court's Bid Order.
YGT was the Prevailing Bidder with a cash component bid of $640,000
and an asset purchase agreement dated Oct. 16, 2018.  At Auction,
the Debtor determined that the Backup Bidder was Tee Times USA, LLC
("TTU"), with a cash component bid of $620,000 and its asset
purchase agreement dated filed Oct. 18, 2018.

The sale is free and clear of all Interests.  Any and all valid and
perfected Interests in the Assets will attach to any proceeds of
such Assets immediately upon receipt of such proceeds.

The Prevailing Bidder will tender the sale proceeds within two
business days of the entry of the Sale Order to the counsel for the
Debtor, C. Taylor Crockett, P.C., acting as escrow agent.  In the
event the Prevailing Bidder, YGT, fails to fund or close the sale,
the Backup Bidder, TTU, after written notice that it has become the
Prevailing Bidder, will tender the sale proceeds within two
business days of the date of notice that it has become the
Prevailing Bidder, to the counsel for the Debtor acting as escrow
agent.  The sale proceeds due to the Debtor will be held by the
counsel for the Debtor pending further orders of the Court.

Notwithstanding the provisions of Bankruptcy Rules 6004 and 6006 or
any applicable provisions of the Local Rules, the Sale Order will
not be stayed for 14 days after entry, but will be effective and
enforceable immediately upon entry.  Time is of the essence in
closing the transactions referenced, and the Debtor and the
Purchaser intend to close the sale as soon as practicable.

                    About GolfThere Corporation

A Chapter 7 involuntary petition was filed against GolfThere
Corporation (Bankr. N.D. Ala. Case No. 18-03010) on July 24, 2018.
The petitioning creditors are Oconee Golf Company LLC, Troon Golf
LLC, Honours Golf - WGV LLC, Honours - Rock Creek Golf Course LLC,
Honours - Peninsula Golf Club LLC, Honours Golf - Craft Farms LLC,
Troon North Golf Club LLC, and Westin Operator LLC.  The case was
converted to one under Chapter 11.


HARLEM MARKET: Proposes Going Out of Business Inventory Sale
------------------------------------------------------------
Harlem Market, Inc. asks the U.S. Bankruptcy Court for the Southern
District of New York to (i) authorize it to conduct a going out of
business sale of inventory (including a bulk bid), and to surrender
all leased equipment to the secured lender; and (ii) dismiss the
Chapter 11 case.

The Debtor operates a supermarket at 2005 Third Avenue, New York,
New York pursuant to a certain commercial lease, dated April 13,
2015 with AK Properties Group LLC as the Landlord.  The Lease
includes a cancellation clause, which permits the Landlord to
cancel the Lease on one year's notice subject to certain limited
recapture rights.  Unfortunately, the cancelation clause has
prevented the Debtor from selling the supermarket or attracting new
investors.  In essence, the cancelation clause makes the Lease
unmarketable.

Efforts by the Debtor to negotiate with the Landlord for a
modification of the Lease have been unsuccessful.  The Debtor was
able to negotiate an extension of its time to remain in the store
beyond the 210 deadline to assume or reject the Lease.

Under the terms of the current agreement, which was approved by
Order of the Court dated Sept. 25, 2018, the Debtor must turn over
the keys to the Landlord by Oct. 31, 2018 and surrender physical
possession of the premises no later than Nov. 1, 2018, free of
equipment and inventory.  Accordingly, the Debtor is moving to
effectively go out of business in an orderly fashion to meet the
requirements of the Vacate Order.

The Debtor's assets mainly consist of supermarket equipment and
inventory.  The equipment was purchased from Resnick Supermarket
Equipment Corp. pursuant to a conditional sale contract and
security agreement.  Resnick filed a proof of secured claim in the
amount of $201,992.  The equipment will be surrendered to Resnick
as secured creditor, and the Debtor will work with Resnick to
coordinate the removal of the equipment in the coming weeks.  

The inventory is secured by a lien held by Associated Supermarket
Group, LLC, which filed a proof of secured claim in the amount of
$2,480,130.

The Debtor proposes to wind down its operations by selling off
inventory as long as it can in the regular course of business.
Because of the need to remove the equipment, it will ultimately
accept bulk bids for the remaining inventory as the process draws
to a close.  Because of the relatively small amount of inventory,
and the short time available to complete the process, the Debtor
does not intend to retain a liquidator to oversee a sale.

The proceeds of the sale of inventory will be used to wind down the
supermarket and pay close-out expenses.

All of the activity in the case centered on the Lease, which has
been terminated, so there are no open matters requiring a trustee
to administer.  In short, there is no benefit to creditors and
other parties in interest from converting the case to Chapter 7 or
otherwise keeping it open.  Accordingly, the Debtor submits that
dismissal is in the best interest of creditors and other parties in
interest.

A copy of the Vacate Order attached to the Motion is available for
free at:

    http://bankrupt.com/misc/Harlem_Market_41_Sales.pdf

                      About Harlem Market

Harlem Market Inc. operates a supermarket at 2005 Third Avenue, New
York, New York, under the "Met Food" banner pursuant to a
commercial lease dated April 13, 2015, with AK Properties Group LLC
as landlord.  Harlem Market sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 18-10754) on March
19, 2018.  In the petition signed by Peter Bivona, its president,
the Debtor disclosed $1.36 million in assets and $3.42 million in
liabilities.  Judge Michael E. Wiles presides over the case.
Goldberg Weprin Finkel Goldstein LLP, led by Kevin J. Nash, serves
as the Debtor's bankruptcy counsel.


HC2 HOLDINGS: Moody's Affirms B3 CFR, Outlook Stable
----------------------------------------------------
Moody's Investors Service affirmed HC2 Holdings, Inc.'s B3
corporate family rating, B3-PD probability of default rating, and
it's Speculative Grade Liquidity Rating of SGL-3. At the same time,
Moody's assigned a Caa1 rating to the company's proposed $535
million senior secured notes. The ratings outlook remains stable.
The company plans to use the proceeds from the notes offering to
redeem its existing $510 million senior secured notes and to pay
accrued interest and transaction fees. The Caa1 rating on the
existing senior secured notes will be withdrawn when they are
redeemed.

"HC2's credit metrics remain weak for its B3 corporate family
rating based on the expected near term dividends and tax sharing
payments from its operating subsidiaries. However, its rating is
supported by the cash generating potential of its subsidiaries in
relation to its holding company cash obligations as well as the
collateral value of the assets in relation to the principal amount
of its outstanding senior secured notes," said Michael Corelli,
Moody's Vice President -- Senior Credit Officer and lead analyst
for HC2 Holdings, Inc.

Assignments:

Issuer: HC2 Holdings, Inc.

Senior Secured Notes due 2023, Assigned Caa1 (LGD4)

Outlook Actions:

Issuer: HC2 Holdings, Inc.

Outlook, Remains Stable

Affirmations:

Issuer: HC2 Holdings, Inc.

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

Speculative Grade Liquidity Rating, Affirmed SGL-3

Senior Secured Notes, Affirmed Caa1 (LGD4)

RATINGS RATIONALE

HC2's B3 corporate family rating reflects its holding company
status and the structural subordination of its debt to the direct
claims on the assets and cash flows of its key operating
subsidiaries, which do not guarantee the debt of HC2. HC2's sole
source of internal cash flow is the dividends and tax sharing
payments it receives from its operating subsidiaries since it has
no cash generating assets at the holding company. HC2's rating also
incorporates its high consolidated financial leverage, low interest
coverage and the small size, limited geographic and end market
diversity and weak profitability of several of its operating
subsidiaries. The likelihood of HC2 making additional acquisitions
also factors into the rating. HC2's rating is supported by the
collateral value of the assets and the cash generating potential of
its operating subsidiaries, the diversity and potential
monetization of those subsidiaries and the potential for further
diversification from future acquisitions.

HC2 announced that it plans to issue $535 million of senior secured
notes and to use the proceeds to redeem its existing $510 million
of senior secured notes. This refinancing is expected to lower the
company's interest costs and extend its debt maturity. The company
also announced its intention to pursue strategic alternatives for
its Global Marine subsidiary with the goal of reducing its debt
cost of capital. The proposed senior notes will include the option
to redeem a portion of the notes in case the company decides to use
any potential cash proceeds to pay down debt. If the company
retires a material amount of debt then it could create upside
pressure on its rating, but an upgrade would be contingent on its
ability to generate consistent cash flows that meet or exceed its
cash obligations. Upward rating pressure could be tempered by the
reduced diversity and cash flow generating potential of its
operating subs excluding Global Marine.

Moody's expects HC2 to incur a moderate decline in its adjusted
EBITDA in 2018 versus the $65 million it reported in 2017 due to
losses in its recently established broadcasting segment and a
difficult comparison in its insurance segment, which benefitted
from a reduction in reserves related to long term care rate
increases last year. This will be tempered by improved results in
its construction and energy segments. Its operating performance
should strengthen in 2019 due to the acquisition of GrayWolf,
additional asset management fees from its insurance subsidiary and
possible growth in its other operating subsidiaries.

HC2's potential dividend and tax sharing payment capacity from its
operating subs is only expected to be about $40 - $45 million in
2018, and the company is expected to recieve a much lower amount of
cash from its subs due to asset sales and debt refinancings this
year. This didivdend capcity continues to be insufficient to cover
its holding company expenses, which are estimated at about $75 -
$80 million. Since March 2015 HC2 has raised about $390 million
through tack-on note offerings, preferred and common stock issuance
and the sale of BeneVir to meet its holding company expenses and
fund acquisitions, and it may have to raise additional funds in the
future if it is not successful in selling assets or reducing its
fixed costs. However, the company's cash obligations will
moderately decline if it refinances its debt at a lower rate than
the 11% interest it is currently paying on its existing senior
notes, and dividends and tax sharing payments should rise in 2019
due to the acquisitions of GrayWolf and Humana's long term care
insurance business. Therefore, its cash inflows could potentially
cover its holding company obligations next year. However, HC2's
credit metrics will remain very weak for its B3 corporate family
rating with an adjusted leverage ratio (Debt/Dividends) above 10.0x
and interest coverage (Dividends/Interest) below 1.0x in 2018 based
on the expected dividends and tax sharing payments from its
operating subsidiaries. These metrics should improve in 2019, but
If HC2 is not able to reduce its leverage ratio below 6.5x then its
outlook or ratings could be negatively impacted.

HC2's rating receives support from the collateral value of the
assets of its operating subsidiaries in relation to the $510
million of outstanding senior secured notes. The collateral
coverage ratio of these assets was greater than 2.0x as of June 30,
2018 according to an independent appraisal, and is expected to
remain above 2.0x after the note offering and the acquisition of
GrayWolf are completed.

HC2's speculative grade liquidity rating of SGL-3 reflects Moody's
expectation that its liquidity will remain adequate in the near
term following the proposed refinancing. The company is required to
maintain unrestricted cash and equivalents equal to six months of
interest on its senior secured notes and dividends on its
convertible preferred stock if its collateral coverage ratio is
greater than 2.0x. The current minimum liquidity requirement is
about $30 million. HC2 had $54 million of unrestricted corporate
cash as of June 30, 2018. The company has historically maintained a
moderate buffer above the minimum liquidity requirement even though
it continues to pursue acquisitions and has investments in
development stage businesses that may require additional funding in
the future.

HC2's senior secured notes are rated Caa1, which is one notch below
the corporate family rating due to the structural subordination of
the note holders' claims on the assets and cash flows of HC2's
significant operating subsidiaries. The notes are structurally
subordinated to any existing and future debt of the company's
non-guarantor subsidiaries. Most of the operating subsidiaries
including DBM and Global Marine do not provide guarantees on the
senior secured notes. The notes are secured by substantially all
other assets owned by HC2, but those assets have limited cash
generating potential and a very modest asset value.

HC2's stable outlook reflects its expectation for continued
positive cash flow from its operating subs and the use of those
cash flows to pay dividends to HC2. The stable outlook also
reflects its expectation that HC2 will maintain an adequate
liquidity profile and will reduce its leverage ratio
(Dividends/Debt) below 6.5x in the near term.

An upgrade of the company's ratings could be considered if it
lowers its leverage ratio below 4.5x, strengthens its liquidity
profile and consistently receives dividends from its operating
subsidiaries that cover its holding company cash obligations.

A downgrade could occur if HC2 maintains a leverage ratio above
6.5x or makes additional debt financed acquisitions of companies
with limited cash generating capabilities. A moderate reduction in
liquidity could also result in a downgrade.

The principal methodology used in these ratings was Construction
Industry published in March 2017.

Headquartered in New York, New York, HC2 Holdings, Inc. is a
holding company whose principal focus is on acquiring or entering
into combinations with businesses in diverse segments. The
company's principal holdings include controlling interests in DBM
Global, a North American steel fabrication and erection company and
Global Marine Systems Limited, a UK-based offshore engineering
company, focused on subsea cable installation and maintenance. In
addition to DBM and Global Marine, HC2 owns or has investments in
other businesses, including in the telecommunications services
(PTGi-International Carrier Services), life sciences (Pansend),
energy (American Natural Gas), insurance (Continental Insurance
Group), over-the-air broadcast television and gaming (704Games)
sectors. HC2 generated $1.8 billion in revenues during the trailing
12 months ended June 30, 2018.


HC2 HOLDINGS: S&P Affirms B- Issuer Credit Rating, Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on New
York, N.Y.-based HC2 Holdings Inc. The outlook is stable.

S&P said, "We also assigned our 'B-' issue-level rating to HC2's
proposed $535 million senior notes due 2023. The recovery rating is
'4', indicating our expectation of average (30%-50%; rounded
estimate: 40%) recovery in the event of a payment default. We
expect to withdraw our ratings on HC2's existing notes due 2019
upon repayment.

"The affirmation reflects our expectation that HC2 will sustain
debt leverage, as measured through LTV, above our previously set
threshold of 60%. Pro forma for the transaction, we estimate LTV of
about 80% based on portfolio book values. We note the company has
announced it is exploring strategic alternatives for its  Global
Marine Holdings LLC subsidiary, including a potential sale.
Although HC2 could use a portion of the proceeds to repay the
proposed notes, we have not assumed the sale of this subsidiary in
our base case forecast because the details and timing of this
potential transaction are uncertain.

"The stable outlook reflects our expectation that HC2 will continue
to have stretched debt leverage metrics over the next year, with a
reported loan-to-value ratio over 60%. However, the outlook also
reflects our expectation that the company's liquidity will remain
adequate.

"We could lower our ratings on HC2 within the next 12 months if its
liquidity profile weakens to less than adequate. We believe this
could occur if the company's dividends from its main portfolio
investments fall because of an unexpected decline in the operating
performance of one or more operating subsidiaries, due to project
losses, for example. Alternatively, this could occur if the company
does not refinance its 2019 notes in a timely manner. In general,
we could lower the ratings if we come to view the company's capital
structure as unsustainable and we believe it is dependent on
favorable business, financial, and economic conditions to meet its
commitments on its obligations.

"We could raise our ratings on HC2 over the next 12 months if its
portfolio asset values improve, and it reduces debt leverage,
establishing a track record of maintaining a loan-to-value ratio
below 60% on a sustained basis. We would also look for the company
to secure improved sources of cash flow, maintaining a cash flow
adequacy ratio regularly above 0.7x."



HERC HOLDINGS: Egan-Jones Lowers Senior Unsecured Ratings to B-
---------------------------------------------------------------
Egan-Jones Ratings Company, on October 16, 2018, downgraded the
foreign currency senior unsecured rating on debt issued by Herc
Holdings Incorporated to B- from B+. EJR also downgraded the rating
on commercial paper issued by the Company to C from B.

Herc Holdings Incorporated is based in Bonita Springs, Florida. The
company together with its subsidiaries operates as an equipment
rental supplier.


HERMAN TALMADGE: Trustee Proposes an AMC Auction of Tara Door
-------------------------------------------------------------
J. Michael Levengood, the Chapter 11 Trustee for Herman E.
Talmadge, Jr., asks the U.S. Bankruptcy Court for the Northern
District of Georgia to authorize the sale of Tara Door from "Gone
with the Wind" by an auction to be conducted by Auction Management
Corp. ("AMC").

As reflected in his schedules, the Debtor owns a 100% interest in
certain personal property, including the Tara Door presently on
loan to the Atlanta Historical Society's Margaret Mitchell House.
The Tara Door is unencumbered; however, consistent with the Court's
direction given at the Confirmation hearing on Sept. 24, 2018, the
Trustee has served the instant Motion on the Atlanta Historical
Society in an abundance of caution.

The Trustee proposes to sell the Tara Door with the assistance of
AMC.  The proposed marketing campaign will consist of several
elements, including, but not limited to, internet promotion,
targeted email campaigns, placement in strategic web venues,
webcast bidding at AMC's online bidding platform, and telemarketing
and direct marketing to prospective buyers.

Because the sale of the Tara Door can be a specialized business,
and in order to maximize the return to the estate, the Trustee
employed AMC.  AMC will receive a fee equal to 25% (10% seller's
fee and 15% buyer's fee).  Additionally, AMC has proposed a $7,900
marketing budget to be advanced by AMC and recovered from the
proceeds of sale.

The Trustee anticipates that such sale will take place as soon as
is practicable after the Court approves said sale, and no later
than 8 to 12 weeks after approval.  He has consulted with AMC and
believes that a sale at this time will help to secure the maximum
possible value for the Tara Door and all personal property of
Debtor.

As the Tara Door is unique and will likely sell to an unknown
purchaser, it is not possible for the Trustee to identify a
specific purchaser or sale price in the Motion.  The sale will be
conducted by AMC as outlined in Exhibit A and after extensive
marketing, and bids will be taken on-line.

The Trustee believes that the proposed sale will generate
significant revenues that can be used to pay administrative
expenses and allowed claims, as he works toward implementation of
the Plan and resolution of the Chapter 11 case.  The relief sought
is consistent with Trustee's Plan of Reorganization submitted May
l, 2018, as amended.

A copy of the Exhibit A attached to the Motion is available for
free at:

    http://bankrupt.com/misc/Herman_Talmadge_322_Sales.pdf

The case is In re Herman E. Talmadge, Jr. (Bankr. N.D. Ga. Case No.
14-50312).  

J. Michael Levengood was appointed as the Debtor's Chapter 11
Trustee.  Counsel for Trustee:

          James C. Joedecke, Jr., Esq.
          ANDERSEN, TATE & CARR, P.C.
          1960 Satellite Boulevard, Suite 4000
          Duluth, Georgia 30097
          Telephone: (770) 822-0900
          Facsimile: (770) 822-9680
          E-mail: jjoedecke@atclawf1rm.com

On Nov. 22, 2016, the Court appointed Natural Resource Consultants,
LLC, and Jim Branch as Broker.

On Sept. 24, 2018, the Court appointed Auction Management Corp. as
Auctioneer.



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., for $1,085,000.

On Schedule A, the Debtor listed ownership fee simple in the 561
Stevens.

CBC National Bank originally had the claim based on note signed by
the Debtor, and accompanying mortgage encumbering the property,
until on Aug. 3, 2018, a 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
561 Stevens.

On Sept. 14, 2017, CBC National Bank filed Proof of Claim 5 in the
secured amount of $858,756.  Claim 5 is the claim the bank's
counsel has agreed to the sales price of $825,000 for 561 Stevens
and is the only claim dealt with in the sale.  The loan payoff
exceeds the claim amount.  As of Sept. 18, 2018, the loan payoff
was $988,424 with interest continuing to accrue at the rate of $100
per diem.

First Federal Bank reserves the right to increase the payoff as
additional interest and collection costs, including reasonable
attorney's fees incurred in the state court foreclosure case, as
well as this bankruptcy case, are incurred.  However, the remaining
deficiency balance of the loan after the sale will not be sought
from the Debtor.

On Sept. 14, 2017, CBC National Bank also filed Proof of Claim 4 in
the secured amount of $252,936 and Proof of Claim 6 in the secured
amount of $437,918.  These two claims will be dealt with in due
course as agreed to with counsel for the bank.  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 Debtor 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.  Following entry of the Order, CBC
National Bank proceeded with foreclosure proceedings on 561 Stevens
in state court in the case styled 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.  An Amended 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, 201.  An Order Granting Plaintiff's Amended Motion for
Substitution of Party Plaintiff and to Amend Case Caption was
entered on Sept. 28, 2018.

Based upon the Duval County Property Appraisers assessment the
value of 561 Stevens as of 2018 is $613,900.  However, the roof of
the property is old and was seriously damaged by Hurricane Matthew.
Repair/replacement of the roof has been estimated to cost $717,844

in a Construction Proposal issued by Register Roofing on July 31,
2018.

The have attached to this Amended Agreed Motion a Commercial
Contract for the "as-is" sale of 561 Stevens for a net sales price
of $725,094.  The Buyer is a non-affiliated entity and proposes to
buy 561 Stevens "as-is" in good faith in exchange for the sales
price as disclosed in the contract.

The disbursement of the proceeds of the sale will be consistent
with terms of the attached Commercial Contract and Addendums.
Based on the amounts outstanding all closing proceeds minus closing
costs and property taxes will go to the bank, resulting in payment
to the bank of $725,094.

The Debtor believes that the Commercial Contact is in the best
interest of the estate because First Federal Bank is the Debtor's
largest creditor and the sale of 561 Stevens because an insurance
claim for the roof damage has been filed and the Debtor and the
insurance company were unable to resolve the insurance claim
through voluntary mediation conducted on July 2, 2018.  First
Federal Bank is entitled to payment of any insurance claim
proceeds.  However, a claim of such nature could languish for years
unnecessarily extending the time within which the case could be
concluded.

The pending insurance claim for the roof damage will be assigned to
the bank and any proceeds from a successful litigation of the
insurance proceeds will reduce the amount owed on the claim.

A copy of the Amended Contract attached to the Motion is available
for free at:

   http://bankrupt.com/misc/Hills_Van_96_Sales.pdf

                   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: Flying Buying Jacksonville Property for $825K
-----------------------------------------------------------------
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., for $825,000.

On Schedule A, the Debtor listed ownership fee simple in the 561
Stevens.

CBC National Bank originally had the claim based on note signed by
the Debtor, and accompanying mortgage encumbering the property,
until on Aug. 3, 2018, a 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
561 Stevens.

On Sept. 14, 2017, CBC National Bank filed Proof of Claim 5 in the
secured amount of $858,756.  Claim 5 is the claim the bank's
counsel has agreed to the sales price of $825,000 for 561 Stevens
and is the only claim dealt with in the sale.  The loan payoff
exceeds the claim amount.  As of Sept. 18, 2018, the loan payoff
was $988,424 with interest continuing to accrue at the rate of $100
per diem.

First Federal Bank reserves the right to increase the payoff as
additional interest and collection costs, including reasonable
attorney's fees incurred in the state court foreclosure case, as
well as this bankruptcy case, are incurred.  However, the remaining
deficiency balance of the loan after the sale will not be sought
from the Debtor.

On Sept. 14, 2017, CBC National Bank also filed Proof of Claim 4 in
the secured amount of $252,936 and Proof of Claim 6 in the secured
amount of $437,918.  These two claims will be dealt with in due
course as agreed to with counsel for the bank.  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 Debtor 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.  Following entry of the Order, CBC
National Bank proceeded with foreclosure proceedings on 561 Stevens
in state court in the case styled 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.  An Amended Motion to Substitute Party
Plaintiff and to Amend Case Caption to substitute First Federal
Bank in place of CBC National Bank as Plaintiff in the lawsuit was
filed on July 12, 201.  An Order Granting Plaintiff's Amended
Motion for Substitution of Party Plaintiff and to Amend Case
Caption was entered on Sept. 28, 2018.

Based upon the Duval County Property Appraisers assessment the
value of 561 Stevens as of 2018 is $613,900.  However, the roof of
the property is old and was seriously damaged by Hurricane Matthew.
Repair/replacement of the roof has been estimated to cost $717,844
in a Construction Proposal issued by Register Roofing on July 31,
2018.

The Debtor has attached to the Amended Agreed Motion a Commercial
Contract for the "as-is" sale of 561 Stevens for a net sales price
of $725,094.  The Buyer is a non-affiliated entity and proposes to
buy 561 Stevens "as-is" in good faith in exchange for the sales
price as disclosed in the contract.

The disbursement of the proceeds of the sale will be consistent
with terms of the Commercial Contract and Addendums.  Based on the
amounts outstanding all closing proceeds minus closing costs and
property taxes will go to the bank, resulting in payment to the
bank of $725,094.

The Debtor believes that the Commercial Contact is in the best
interest of the estate because First Federal Bank is the Debtor's
largest creditor and the sale of 561 Stevens because an insurance
claim for the roof damage has been filed and the Debtor and the
insurance company were unable to resolve the insurance claim
through voluntary mediation conducted on July 2, 2018.

First Federal Bank is entitled to payment of any insurance claim
proceeds.  However, a claim of such nature could languish for years
unnecessarily extending the time within which this case could be
concluded.  First Federal Bank is entitled to payment of any
insurance claim proceeds.  However, a claim of such nature could
languish for years unnecessarily extending the time within which
the case could be concluded.

The pending insurance claim for the roof damage will be assigned to
the bank and any proceeds from a successful litigation of the
insurance proceeds will reduce the amount owed on the claim.

A copy of the Amended Contract attached to the Motion is available
for free at:

   http://bankrupt.com/misc/Hills_Van_98_Sales.pdf

                   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.


IDEANOMICS: Will Advise Zhonjinhuifu on Planned US$200M Financing
-----------------------------------------------------------------
Ideanomics's commodities and energy division has signed its first
project for a traditional financing and security token offering
(STO) by entering into a financial advisory service agreement with
Zhonjinhuifu Resources CO., LTD, a Hong Kong company, whereby
Ideanomics will advise and lead Zhonjinhuifu on its planned USD$200
million capital raise over the next two years.

The Ideanomics commodities and energy division is focused on a
super artificial intelligence-based risk management
Platform-as-a-Service (PaaS) and operations for project based
traditional, and STO, financing such as the magnesium project
listed above.

"As owner and operator of the world's leading magnesium mine, with
non- ferrous metal deposits over 7.8 billion metric tones,
Zhonjinhuifu Resources has chosen Ideanomics to provide strategic
financial advisory services.  Ideanomics is positioned to be both
traditional and a next generation security token offerings (STO)
sales and distribution platform in the asset digitization economy.
With a comprehensive ecosystem of digital products and services, we
are committed to deploying traditional assets and capital into a
new world paradigm," said Brett McGonegal, co-CEO of Ideanomics.

"We are very excited to have Ideanomics as our strategic global
financial advisors.  Ideanomics has established a global compliant
network of financial technology, user community, digital asset
production, and provides more than just an end-to-end
Platform-as-a-Service (PaaS) fintech solutions," said Sun Jiang
Kong, chairman of Zhonjinhuifu Resources.  "Having Ideanomics usher
our company into this new digital issuance paradigm gives us a
clear path to digital asset issuance and digital financing
solutions."

Under the terms of the agreement the Ideanomics commodities and
energy division will serve as the global financial advisors for
Zhonjinhuifu Resouces.  The Ideanomics' services will include, but
are not limited to, advising on financing related actives through
the issuance of utility token and securities tokens outside of
China; advising on fixed income products, other digital assets,
financing instruments agreed by both parties; and recommending
suitable digital and traditional financing tools.

                  About Zhonjinhuifu Resources

Zhongjinhuifu Resources CO., LTD, a Hong Kong registered company,
is a wholly owned subsidiary of Big Thumb Company, CO., LTD., and
currently operates the world's largest magnesia mine with a total
of 7.8 bn metric tons of deposit of magnesium and other non-ferrous
metal.  The thumb holding group was founded in 1995, the
headquarters is located in Beijing, and is a collection of text
brigade, real estate, mining, energy, financial investment, modern
agriculture, culture, media, and including, thumb energy mining
group, thumb industrial group, thumb culture media, and dozens of
overseas holdings, joint-stock enterprises, all form a complete set
of international industry chain.  Thumb's business involves many
national and international cities, the growth of the Thumb Group
has annual turnover of more than ten billion yuan a year and is
developing steadily.

                      About Ideanomics

Ideanomics, formerly Seven Stars Cloud Group, Inc., provides
Platform-as-a-Service (PaaS) solutions with strong multi-layer
fintech technologies leveraging blockchain and artificial
intelligence.  Its technology and infrastructure uses blockchain
and smart contract for security token issuance and trading,
artificial intelligence to provide a system for asset rating and
recommendation services, and in-house and partner service providers
for digital asset securitization.  The Company has headquarters in
New York, and has  planned "Fintech Village" center for Technology
and Innovation in West Hartford, CT, and offices in London, Hong
Kong, Beijing, and Shanghai, China.

Seven Stars reported a net loss of $10.19 million for the year
ended Dec. 31, 2017, compared to a net loss of $28.50 million for
the year ended Dec. 31, 2016.  As of June 30, 2018, Seven Stars had
$153.57 million in total assets, $117.53 million in total
liabilities, $1.26 million in convertible redeemable preferred
stock, and $34.77 million in total equity.

B F Borgers CPA PC's report on the consolidated financial
statements for the year ended Dec. 31, 2017, contains an
explanatory paragraph expressing substantial doubt regarding the
Company's ability to continue as a going concern.  The auditors
stated that the Company incurred recurring losses from operations,
has net current liabilities and an accumulated deficit that raise
substantial doubt about its ability to continue as a going concern.


INSITE CORPORATION: 1st Cir. Remands Suit vs. Walsh Construction
----------------------------------------------------------------
Appellant Insite Coroporation in the case captioned INSITE
CORPORATION, INC. Appellant, v. WALSH CONSTRUCTION COMPANY PUERTO
RICO, Appellee, No. 17-1436 (1st Cir.) is a bankrupt subcontractor,
which claims that a general contractor, Walsh, improperly withheld
payments belonging to its bankruptcy estate. Insite sought to
recover the payments by initiating an adversary proceeding against
Walsh in bankruptcy court in Puerto Rico. The bankruptcy court
found that the withheld payments were not property of Insite's
estate, the district court affirmed, and Insite appeals.

The United States Court of Appeals, First Circuit vacates the
district court's judgment and remands the matter for further
proceedings.

Applying the Supreme Court's decision in Pearlman v. Reliance
Insurance Co., the First Circuit had held that, under Puerto Rico
law, funds withheld by a general contractor to cure a
subcontractor's default and to complete a subcontractor's work do
not become property of the subcontractor, and hence are not part of
the subcontractor's bankruptcy estate. The bankruptcy court found
that this well-established principle, known as the Pearlman
doctrine, prevented Insite from gaining a property interest in the
funds withheld by Walsh, and it accordingly granted summary
judgment to Walsh.

Because the Court concludes that Insite had no right under the
subcontract with Walsh to any of the funds it claims were withheld,
the Court does not rely on the Pearlman doctrine. In the unusual
circumstances of this case, neither that doctrine nor the parties'
contract answers the question that determines Insite's right to
payment: whether a defaulting subcontractor who has no contractual
right to compensation is nonetheless entitled to an equitable
recovery if the general contractor has benefited at the
subcontractor's expense. In that scenario, the subcontractor's
right to recovery, if any, must be determined by other principles
of local law. Thus, although the Court agrees with the bankruptcy
and district courts that Insite is not due funds under its contract
with Walsh, the courts still must consider whether Walsh was
benefited by Insite's post-default performance in such a way that
Insite has an equitable claim under Puerto Rico law.

The Court, therefore, vacates the judgment of the district court
and remands the matter to the district court with directions to
vacate the bankruptcy court's judgment and remand the matter to the
bankruptcy court for further proceedings.

A copy of the Court's Ruling dated Oct. 5, 2018 is available at
https://bit.ly/2R2wKHP from Leagle.com.

David Carrion-Baralt for appellant.

Paul T. DeVlieger, with whom DeVlieger Hilser P.C. was on brief,
for appellee.

The bankruptcy case is IN RE: INSITE CORPORATION, Chapter 11,
Debtor, CASE NO. 11-11209 (MCF)(Bankr. D.P.R.).


INTL FCSTONE: Moody's Rates Sr. Secured Notes Due 2023 'Ba3'
------------------------------------------------------------
Moody's Investors Service assigned a Ba3 issuer rating to INTL
FCStone Inc. Moody's has also assigned a Ba3 rating to INTL's
announced senior secured notes due 2023. Moody's said INTL expects
to borrow $350 million and will use the net proceeds to pay down
its outstanding balances on its credit facilities. The outlook is
stable.

Moody's has taken the following rating actions:

  - Issuer rating, Assigned, Ba3

  - Senior secured notes due 2023, Assigned, Ba3

  - Outlook, Assigned, Stable

RATINGS RATIONALE

Moody's said the Ba3 issuer rating reflects INTL's strengths in a
range of specialized financial services functions, including
commercial hedging and risk management advisory, commodities
trading, clearing and execution, securities market making and
global payments. The firm's credit profile benefits from a strongly
diversified business mix, consistent earnings generation and
favorable regulatory and market trends, said Moody's. INTL has
taken advantage of well-timed acquisitions but has also grown
organically, expanding its franchise and customer base. Moody's
said INTL has demonstrated relatively prudent financial policies
and has successfully retained a long-term strategic focus. Although
the firm is publicly held, it has never declared a dividend and its
share repurchases have been infrequent and opportunistic.

Moody's said INTL takes principal risk in its activities, but these
risks are mitigated by relatively short hold times and the
extensive use of hedging to operate on a matched principal basis.
Nevertheless, the volume of INTL's transactions expose it to a high
level of operational risk that could result in severe losses in the
event of a risk management failure, said Moody's.

Moody's said that although the firm's operations are broadly
diversified, INTL's significant growth has increased its risk
profile as evidenced by the loss it has experienced in connection
with a bad debt incurred in its Singapore physical coal business.
Although the firm has closed down the coal business and has
implemented enhancements to its risk management framework, Moody's
believes INTL's growth and future ambition signal an elevated risk
appetite that is higher than what might otherwise be reflected in
its financial profile based on its historical financial results.

Moody's said the Ba3 rating on INTL's proposed senior secured notes
is aligned with INTL's Ba3 issuer rating, and that issuances at the
group holding company level are structurally subordinated to INTL's
operating companies. At the group holding company level, Moody's
views the difference in expected loss between INTL's existing bank
debt (secured by equity interests in INTL's subsidiaries) and
INTL's proposed senior secured notes (which is anticipated to have
a second lien claim on the tangible and intangible assets of INTL
and a few of its smaller subsidiaries) is not of sufficient
magnitude to warrant a lower rating being assigned to the proposed
senior secured notes compared with the Ba3 issuer rating.

Moody's said INTL's outlook is stable, based on Moody's expectation
that INTL will continue to generate strong and diversified
operating revenue while maintaining a conservative approach to risk
management.

Factors That Could Lead To An Upgrade

  -- Increasing profitability and scale resulting in significantly
improved pre-tax earnings and related margins

  -- Demonstration of a sound evolution in management oversight,
controls and risk management commensurate with the firm's growth

Factors That Could Lead To A Downgrade

  -- Evidence of deterioration in liquidity risk management

  -- Entry into higher-risk business activities or evidence that
management oversight, controls and risk management are not keeping
pace with growth

  -- Change in financial policy to strongly favor shareholder
interests via significant ongoing dividend payments and share
repurchases

The principal methodology used in these ratings was Securities
Industry Market Makers published in June 2018.


INTL FCSTONE: S&P Assigns BB- Issuer Credit Rating, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings said it  had assigned its 'BB-' issuer credit
rating on INTL FCStone Inc. (INTL). The outlook is stable. S&P also
assigned a 'BB-' rating on its $350 million senior secured
second-lien notes.  

The ratings reflect the firm's diversified mix of business,
including one of the largest independent commodities and
commodities-related financial products trading firms in the U.S.,
good earnings, and adequate liquidity, as well as S&P's view that
overall risked-based capitalization is a moderate weakness given
the firm's loss history and focus on growth.

S&P said, "The stable outlook reflects our expectation that the
company will continue to seek growth, maintain adequate
capitalization and liquidity, post good earnings, and avoid
outsized losses. We expect the firm to maintain a RAC ratio above
8% and a GSFR and liquidity coverage metric (LCM) above 100%."

Over the next 12 months S&P could lower the ratings if:

-- The company's performance deteriorated,
-- S&P expects the RAC ratio to fall below 8%, or
-- Liquidity deteriorates.

Over the same time horizon S&P could raise the ratings if the
firm:

-- Remedies internal control deficiencies and established a solid
operational performance track record,
-- Avoids material losses, and
-- Improves liquidity and builds capital to support a RAC ratio
sustainably above 10%.


IRI HOLDINGS: Moody's Assigns B3 CFR, Outlook Stable
----------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Ratings
and a B3-PD Probability of Default Rating to IRI Holdings, Inc.
after the announcement that private equity firm Vestar Capital
Partners will be acquiring a majority stake in IRI from its current
owner New Mountain Capital, with NMC maintaining a significant
minority stake. Moody's has also assigned B2 ratings to the
company's proposed first-lien credit facilities, including an $80
million revolving credit facility and a $1.21 billion first lien
term loan, and a Caa2 rating to a proposed $390 million second-lien
term loan. The ratings outlook is stable.

In addition to raising new credit facilities, IRI also plans to
issue new common equity in the amount of $675 million and
institutional PIK preferred equity of $200 million. At the close of
the transaction, Moody's CFR and debt facility ratings on its
current rated IRI entity, Information Resources, Inc., will be
withdrawn.

Moody's assigned the following ratings to IRI Holdings, Inc.:

  --- Corporate Family Rating of B3

  --- Probability of Default Rating of B3-PD

  --- Proposed $80 million first lien senior secured revolving
credit facility due 2023; B2 (LGD 3)

  --- Proposed $1.21 billion first lien senior secured term loan
due 2025; B2 (LGD 3)

  --- Proposed $390 million second lien term loan due 2026; Caa2
(LGD 5)

The assigned ratings remain subject to Moody's review of the final
terms and conditions of the proposed financing, which is expected
to close in late October 2018.

RATINGS RARTIONALE

The B3 CFR reflects the exceptionally high, approximately 10 times
opening Moody's-adjusted debt-to-EBITDA financial leverage that
Vestar is employing to acquire IRI. Moody's expects the leverage
measure to moderate to below 8.0 times over the next eighteen
months, a level more in keeping with the ratings category. Moody's
EBITDA calculation reflects partial add-back credit for expenses
related to, for example, new-market expansion and business
optimization, restructuring and severance, and heavy start-up costs
for rolling out new retail "gateway" clients. The adjustments also
include Moody's standard of expensing (substantial, in IRI's case)
software development costs, which in the company's practice are
capitalized.

In Moody's view, the very high closing leverage of the transaction
is mitigated by the company's track record of having de-levered
from high levels over the past few years, growing market share at
the expense of its primary competitor, and demonstrating stable
margins and steady improvement in revenues over the period. The
company's position in what is considered a duopolistic market,
along with Nielsen Holdings plc, is supported by high switching
costs for customers, as well as significant barriers to entry for
new competitors, including IRI's technology infrastructure,
dictionary of CPG products sold, historical product data, and
long-term relationships and contracts with its customers.

Ongoing costs for business "optimization", product and market
expansion, transactions, restructuring and severance, and other
items muddy the comparability of IRI's earnings over the last few
years, while heavy investment in IT development and infrastructure
have suppressed free cash flow. Moody's believes, however, that the
benefits of these investments are becoming more evident, most
notably in revenue growth that, over the last several quarters, has
accelerated to double-digit percentages, in sharp contrast to
Nielsen's recent topline weakness in its competing segment.
Additionally, as capital expenditures moderate and revenues
continue their healthy pace of growth, IRI will generate free cash
flow that as a percentage of debt will run in the low-single-digit
percentages over the next two years.

IRI has an impressive roster of large CPG clients, with about 85%
of revenue typically generated pursuant to three- and five-year
contracts with high cancellation fees. The contracts allow for
fairly consistent revenue performance and good revenue visibility,
as before the start of any year about two thirds of annual revenues
are committed to. Moody's recognizes the stability afforded by the
largely recurring nature of IRI's $1.2 billion revenue base, and
note the company's forays into retail, technology, and media
customer verticals -- which may provide for higher-growth revenue
sources.

Moody's expect's IRI to maintain adequate liquidity over the next
12-18 months, as free cash flow will be minimal initially but
become more meaningfully positive in 2019, at about $60 million, in
the low-single-digits as a percentage of debt. Additionally,
Moody's expects minimal opening balance sheet cash. In recent years
IRI's cash balance has averaged about $50 million, and there have
been no drawings under its $80 million revolving credit facility.
With restructuring and capital investing expenditures anticipated
to decline from their elevated levels of the past few years,
Moody's expects minimal revolver drawings and for cash to build
towards $120 million by the end of 2019. Scheduled annual
amortization under the $1.21 billion term loan, which matures in
late 2025, is $12.1 million. The company is expected to be subject
to a 7.45 times springing first-lien leverage covenant, applicable
only when at least 35% ($28 million) of the revolver is utilized.
Given an expectation for minimal borrowings under the revolver (and
given the typically generous allowances for credit agreement EBITDA
calculations), Moody's expects IRI will have little trouble
remaining within compliance limits over the next four quarters.

The stable outlook reflects Moody's expectation for moderate
deleveraging, to below 8.0 times by the end of 2019, and
mid-single-digit percentage constant-currency revenue growth, while
the impact of foreign currency translations could temper reported
revenue. With most integration, data-center-migration, and
restructuring expenses behind it, IRI should see its EBITDA margin
improve, approaching mid-teen percentages over the next couple of
years.

The ratings could be upgraded if the company demonstrates
significant top-line growth and is able to sustain debt-to-EBITDA
leverage (Moody's adjusted) below 7.0 times and free cash flow as a
percentage of debt in the mid-single-digits.

Alternatively, the ratings could be downgraded if revenue fails to
grow, liquidity deteriorates or profitability weakens such that
Moody's expected debt-to-EBITDA will not return to below 8.0 times
over the next twelve to eighteen months, or if free cash flow
approaches breakeven.

Information Resources, Inc. provides market measurement data and
related services to consumer packaged goods and health care
manufacturers in North America, Western Europe, Australia, New
Zealand, and parts of Southeast Asia. Moody's expects the company
to generate 2019 revenues of approximately $1.3 billion.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.


IVAN TRACY: Sale of Stocks in Pursuant to Plan Terms Approved
-------------------------------------------------------------
Judge Daniel P. Collins of the U.S. Bankruptcy Court for the
District of Arizona authorized Ivan Neal Tracy, Jr.'s sale of 50%
ownership interests in Tracy Automotive, Inc. and Tracy Automotive
Investments, Inc.

The sale is free and clear of all encumbrances, liens, claims, or
interests.

Debra Bove-Tracy will execute documentation sufficient to transfer
the Stock to the Debtor.

The stock certificates to be issued pursuant to the sale will bear
a legend prohibiting the sale to any third party absent (1)
approval of the U.S. Bankruptcy Court for the District of Arizona
in the case, (2) approval of the Maricopa County Superior Court in
case No. FN 2016-006236 (Tracy v. Tracy divorce proceeding), or
payment in full of the note to be executed in connection with the
Sale
approved pursuant to the Order.  The Counsel for the Debtor will
retain possession the stock certificates to be issued pursuant to
the sale, until release is permitted by (1) the Court (2) the
Maricopa County Superior Court or (3) until the Note prescribed is
paid in full, whichever comes first.

The Debtor will execute the Note and Security Agreement for the
benefit of the prepetition creditors of the Debtor.

The transfer of the Stock will not impair the rights of Arizona
Bank and Trust pursuant to that certain Note dated June 30, 2016 in
the amount of $764,316, Business Loan Agreement dated June 30, 2016
and Deed of Trust and an Assignment of Rents, both dated March 6,
2011, and recorded on April 6, 2011 with the Maricopa County
Recorder at 2011-0290977 and 2011-0293978, respectively.

The proceeds of the sale are subject to the claims and interests of
allowed unsecured claims in order of priority until such time as
all such claimants are paid in full.  Once all allowed unsecured
claims have been paid in full, the proceeds will be distributed in
accordance with the order, if any, of the Maricopa County Superior
Court in case No. FN 2016-006236 (Tracy v. Tracy divorce
proceeding).

Once allowed unsecured claims are paid in accordance with the
agreement, the Debtor may notify the Court and obtain an order
providing for a release of the Court's jurisdiction over the Stock
and or a release of the Stock to the Debtor without any restriction
on transfer.

The Debtor will provide proof of continued payment of the note to
Debra Bove - Tracy as payments are made.  The obligation to report
will expire upon payment of all allowed unsecured claims provided
for under the plan.

Counsel for the Debtor:

          William R. Richardson, Esq.
          RICHARDSON & RICHARDSON, P.C.
          1745 South Alma School Road
          Corporate Center, Suite 100
          Mesa, AZ 85210-3010
          Telephone: (480) 464-0600
          Facsimile: (480) 464-0602
          E-mail: wrichlaw@aol.com

The bankruptcy case is In re Ivan Neal Tracy, Jr. (Bankr. D. Ariz.
Case No. 17-09763-DPC ).





JANICE LEE SMITH: Stipulation Extending MDS Due Date to Answer OK'd
-------------------------------------------------------------------
Chief District Judge Ricardo S. Martinez approved the stipulation
entered into by Plaintiff Janice Smith and Defendant Milodragovich,
Dale & Steinbrenner, P.C.  to extend the deadline for Plaintiff to
complete service of process on the remaining defendant, Lon J. Dale
and Michael Bybee, through and including Dec. 3, 2018, and further
agree to extend the due date for the Answer of Defendant
Milodragovich, Dale & Steinbrenner, P.C. to Dec. 17, 2018.

The Complaint, in this case, is related to the Chapter 11
bankruptcy of Plaintiff Janice Smith, United States Bankruptcy
Court for the Western District of Washington, Case no.
17-10988-TWD.

Plaintiff and Defendant Milodragovich, Dale & Steinbrenner, P.C.
have scheduled mediation of this case and other related matters, to
be conducted by mediator Armand J. Kornfeld on Nov. 2, 2018 in
Seattle, Washington. The docket of Ms. Smith's bankruptcy case no.
17-10988-TWD include a Stipulation related to the parties'
mediation and Order Appointing Mediator.

The case is in re: JANICE LEE SMITH, Plaintiff, v. MILODRAGOVICH,
DALE & STEINBRENNER, P.C., a Montana Professional Corporation; LON
J. DALE, and; MICHAEL BYBEE, Defendants, Case No. C18-997 RSM (W.D.
Wash.).

A copy of the Court's Order dated Oct. 4, 2018 is available at
https://bit.ly/2R2EGIZ from Leagle.com.

Janice Lee Smith, Plaintiff, represented by Brian Joel Waid , WAID
LAW OFFICE.
Milodragovich, Dale & Steinbrenner, P.C., a Montana Professional
Corporation, Lon J Dale & Michael Bybee, Defendants, represented by
Christopher H. Howard -- choward@schwabe.com -- SCHWABE WILLIAMSON
& WYATT & Ryan W. Dumm -- rdumm@schwabe.com -- SCHWABE WILLIAMSON &
WYATT.

Janice Lee Smith filed for chapter 11 bankruptcy protection (Bankr.
W.D. Wash. Case No. 17-10988) on March 6, 2017.


KCD IP: Moody's Lowers Class A Debt Rating to Caa3
--------------------------------------------------
Moody's Investors Service has downgraded asset-backed notes issued
by KCD IP, LLC to Caa3 (sf). The notes are currently secured by
royalty payments from Kenmore and DieHard trademarks. Sears
Holdings Corp. sold the Craftsman brand to Stanley Black & Decker
in March 2017. KCD IP, LLC licensed the trademarks to subsidiaries
of Sears: Sears, Roebuck and Co. and Kmart.

Issuer: KCD IP, LLC

Cl. A, Downgraded to Caa3 (sf); previously on Dec 12, 2017
Downgraded to Caa2 (sf)

RATINGS RATIONALE

The rating action reflects the bankruptcy filings of Sears on
October 15, 2018. The royalty revenue for the current
securitization depends on the sales generated by the remaining
securitized brands of Kenmore and DieHard as well as on the
operating performance of Sears. Sears' retail operations are the
primary sales channel for Kenmore and DieHard products. KCD has
licensing agreements with Sears' subsidiaries, Sears, Roebuck and
Co. and Kmart, to receive royalties as a percentage of all domestic
net sales of Kenmore and DieHard products. Sears announced they
will close 142 stores through the bankruptcy process by year-end
2018 -- in addition to 46 previously announced closures it will
complete by November. With fewer than 500 stores remaining after
the closures, the royalty revenue for the KCD notes will likely be
decreased. The bankruptcy of Sears also increases uncertainty
surrounding the cash flows available to pay interest on the notes
and on the value of the trademarks backing the transaction.

Methodology underlying the Rating Action:

The principal methodology used in this rating was "Moody's Approach
to Rating Intellectual Property ABS" published in December 2013.

Factors that would lead to an upgrade or downgrade of the rating:

KCD revenue is strongly linked to the business performance of Sears
and value of the trademarks. If the cash flows and value of the
trademarks changes materially in the future, the rating of KCD
transaction may change accordingly.


KELLEY BROS: $535K Sale of 1996 Thunderbird TTY 6170 Yarder Okayed
------------------------------------------------------------------
Judge Thomas M. Renn of the U.S. Bankruptcy Court for the District
of Oregon authorized Kelley Bros., Inc.'s sale of 1996 Thunderbird
TTY 6170 yarder, S/N T7111, to Hoffenbredl Timber Contract Logging
for $535,000.

The Debtor is authorized to (i) employ Zender Equipment, Inc. as
the Liquidator for the purpose of selling the Equipment; and (ii)
to compensate the Liquidator $15,000 as set forth in the Motion.

The Debtor is further authorized to pay to Kenco Equipment Lease
Co. and Lane County Tax Collector as set forth in the Motion.

The Purchaser:

          HOFFENBREDL TIMBER
          CONTRACT LOGGING
          25850 Salmon River Hwy.
          Willamina, OR 97396

The Liquidator:

          ZENDER EQUIPMENT, INC.
          2181 Central Rd.
          Everson, WA 98247

                     About Kelley Bros. Inc.

Kelley Bros., Inc., is a privately-held company in the moving
ervice industry located in Veneta, Oregon.  It has been providing
lumber trucking services since 1981.

Kelley Bros. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Ore. Case No. 18-60423) on Feb. 16, 2018.  In its
petition signed by Myrna D. Kelley, president, the Debtor disclosed
$1.81 million in assets and $2.41 million in liabilities as of Dec.
31, 2016.  Judge Thomas M. Renn presides over the case.  The Debtor
tapped The Scott Law Group as its legal counsel.



KIDS FOUNDATION: Disclosure Statement Hearing Set for Nov. 27
-------------------------------------------------------------
Bankruptcy Judge Stacey L. Meisel is set to hold a hearing on Nov.
27, 2018 at 11:00 a.m. to consider the adequacy of Kids Foundation
Day Care LLC's disclosure statement.

Written objections to the adequacy of the disclosure statement must
be filed no later than 14 days prior to the hearing.

             About Kids Foundation Day Care

Kids Foundation Day Care LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D.N.J. Case No. 18-14768) on March 12,
2018.  In the petition signed by Michael Unegbu, managing member,
the Debtor disclosed that it had estimated assets and liabilities
of less than $50,000.  Middlebrooks Shapiro, P.C., is the Debtor's
bankruptcy counsel.



KLEEN ENERGY: Fitch Affirms BB on $295MM Term Loan, Outlook Pos.
----------------------------------------------------------------
Fitch Ratings has affirmed the rating for Kleen Energy Systems,
LLC's (Kleen) $295 million ($232.6 million outstanding) Term Loan B
due 2024 at 'BB'. The Rating Outlook is Positive.

KEY RATING DRIVERS

The rating reflects Kleen's stable base of capacity payments under
a long-term contract with a strong, investment-grade offtaker,
moderated by the facility's uncertain competitiveness in a merchant
environment. The Positive Outlook reflects the project's ability to
service debt from contracted capacity revenues, supported by
continuing stable operating performance in the last four years.
Contracted capacity payments alone should be adequate to support an
average base case debt service coverage ratio (DSCR) of 1.44x. The
reduced debt service burden should substantially mitigate operating
risks, though the level of financial cushion will depend upon
Kleen's unproven profitability as a merchant generator.

Contracted Core Revenues - Revenue Risk: Midrange

Kleen's revenues are currently derived from a fixed-price capacity
agreement with Connecticut Light & Power (A-/Stable) and merchant
sales. Kleen is vulnerable to margin risks but is not dependent on
market-based revenues, as capacity payments alone should be
sufficient to meet debt service requirements.

Stabilizing operational history - Operations Risk: Weaker

Kleen's historical operating performance has been stabilizing in
the last four years with only a few availability shortfalls.
Although actual costs exceeded original projections by a wide
margin and demonstrated considerable volatility, in recent years
the project has maintained a more predictable cost profile. Kleen
otherwise benefits from commercially proven technology operated and
maintained by experienced O&M providers.

Access to Ample Fuel Supplies - Supply Risk: Midrange

Volumetric risks are minimal, as the project is situated in a
highly liquid and competitive natural gas market. As a merchant
generator Kleen bears feedstock supply risks, but Kleen's dual-fuel
capability protects against temporary supply disruptions.

Reduced Debt Burden - Debt Structure: Midrange

Kleen fully paid down the Term Loan A by the maturity date in June
2018 eliminating any refinance risks. Capacity payments are
expected to be sufficient to cover remaining Term Loan B
amortization. The debt structure includes features typical for
project financings, such as a letter of credit backed six-month
debt service reserve fund and a distribution test.

Financial Profile:

Recent full repayment of Term Loan A reduces debt burden and
eliminates any balloon refinancing risk. Fitch-projected DSCRs
generally range between 1.37x and 1.47x based solely on contractual
capacity revenues that are sufficient to meet all debt obligations.
Credit quality may improve to the extent merchant revenues cover
related variable costs and are accretive to the coverage levels.

PEER GROUP

Kleen's credit quality is consistent with other thermal projects in
the 'BB' rating category. Lea Power Partners, LLC (rated BB+/Stable
Outlook) has stabilized its operating costs, and cash flows are
sufficient to support a similar average rating case DSCR of 1.39x.
Plains End Financing, LLC (rated BB/ Stable Outlook) benefits from
tolling agreement revenues with some dispatch risk and commands a
slightly lower rating case coverage of 1.34x for the senior debt.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action:

  -- Increases in costs would heighten the project's vulnerability
to operating event risks.

  -- Persistently low availability, repeated forced outages, or an
accelerated degradation in heat rates resulting in a reduction in
rating case coverages below 1.3x.

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action:

  -- Stable financial profile resulting from a stable operational
profile and a favourable competitive position in the merchant
period.

CREDIT UPDATE

Performance Update
Fitch believes that Kleen's financial profile has stabilized, as
the project has recorded four consecutive years of improved
operating results. Kleen achieved a DSCR of 1.4x in 2017, similar
to 2016 results and in line with Fitch's base case expectations.
The 2018 DSCR is expected to trend upwards but that is dependent on
how the project operates in the merchant market. For the first half
of 2018 Fitch-estimated DSCR is close to 1.46x.

The project fully repaid the Term Loan A in June 2018 reducing debt
burden and eliminating any refinancing risk. The project's annual
debt burden will step down to approximately $52 million in 2019 and
for the remainder of the debt life, providing a bigger financial
cushion.

Kleen has maintained availability above 96% despite some outages
with a heat rate close to 7,100 btu/kWh in 2016 and 2017. The
project has experienced some forced outages at the end of 2017 that
have been resolved in a satisfactory manner. Fitch believes that
availability requirements under the capacity contract are
reasonable, and Kleen should be able to meet them. The project
expects that the slight heat rate degradation will be significantly
reduced after scheduled major maintenance outage that is taking
place in 2018. Although the average capacity factor was high at
82.5% in 2017, it declined to 52% for the 1H 2018 reflecting the
uncertainty of the merchant market. While the early results in 2018
show that the project is able to sell in the merchant market and
generate a positive margin, Kleen's competitiveness in a merchant
environment remains unproven as it will incur variable costs that
could erode the project's margin. Financial performance for the
first half 2018 is stable with slightly higher coverages than full
year 2017 coverages or Fitch's 2018 projections that are based on
fully contracted revenues and a cost profile grounded in the past
four years of relatively stable operations.

Kleen's actual financial profile will primarily depend upon the
facility's competitiveness as a merchant generator. Many of the
unanticipated costs that Kleen has incurred in the past, such as
regional green gas initiative (RGGI) allowances and the Connecticut
Gross Receipts Tax, largely resulted from Kleen's lack of dispatch
control due to the tolling agreement. A prudently run merchant
facility would only incur these costs if the market price of
electricity justified the all-in cost of dispatch.

Fitch Cases

Under Fitch's base case projections, where the agency relies solely
on contracted cash flows under the Capacity Agreement, average and
minimum DSCR are at 1.44x and 1.37x, respectively. Fitch believes
that this scenario represents a conservative view of projected
financial performance, given the current level of natural gas
prices and the position of Kleen within the dispatch stack.
Projected financial performance could potentially support credit
quality above the current rating once the project proves its
ability to generate positive margin in the merchant market.

Fitch also ran a stress case based on higher fixed and variable
expenses. This resulted in minimum and average DSCRs of 1.32x and
1.38x, respectively. Fitch believes this scenario is unlikely to
materialize as the project's operating performance has stabilized.

Asset Description

Kleen is a special-purpose company created to own and operate the
project, which consists of a 620-megawatt combined-cycle electric
generating facility located near Middletown, CT. Kleen sells its
capacity under a 15-year agreement with Connecticut Light & Power,
and its energy into the merchant market.

The collateral includes a first-priority security interest in the
ownership interests in Kleen, all real and personal property,
including Kleen's rights under the project documents, the project
accounts, and all revenues.


KLX ENERGY: Moody's Assigns B3 Corp. Family Rating, Outlook Stable
------------------------------------------------------------------
Moody's Investors Service assigned first-time ratings to KLX Energy
Services Holdings, Inc., including a B3 Corporate Family Rating, a
B3-PD Probability of Default Rating and a B3 rating to its proposed
$250 million of senior secured notes due 2025. Moody's also
assigned KLXE a Speculative Grade Liquidity rating of SGL-1. The
rating outlook is stable.

Proceeds from the secured notes offering will be used to fund the
acquisition of Motley Services, LLC and boost KLXE's balance sheet
cash. Motley is a Permian-focused completion services company,
primarily providing large-diameter coiled tubing services, and the
transaction is expected to close in late October or early November
2018. Ratings are subject to Moody's review of final documentation
and the execution of the transaction as proposed.

Assignments:

Issuer: KLX Energy Services Holdings, Inc.

Corporate Family Rating, Assigned B3

Probability of Default Rating, Assigned B3-PD

Speculative Grade Liquidity Rating, Assigned SGL-1

Senior Secured Notes, Assigned B3 (LGD4)

Outlook Actions:

Issuer: KLX Energy Services Holdings, Inc.

Outlook, Assigned Stable

RATINGS RATIONALE

KLXE's B3 CFR reflects the company's small scale and limited
operating history providing a range of well completion,
intervention and production services in a highly cyclical industry.
The company relies on increased exploration and production (E&P)
activity to grow its cash flow, and volatility in demand can result
in significant swings in operating performance. The oilfield
services industry is highly competitive and includes some
significantly larger companies that have greater financial
resources and product diversity. Moody's expects that KLXE will
continue to benefit from increased demand by E&P companies through
2019. Higher oil prices have driven increased activity levels and
enabled KLXE to expand margins. There is risk that labor shortages
could constrain the pace of further profit margin improvement while
revenue grows. The company has a diversified footprint with
presence in major US onshore producing regions, and the company's
cash flow is spread across multiple service offerings. KLXE's
business has grown through acquisitions mostly completed in
2013-14, and the company was part of KLX Inc. prior to being spun
out in September 2018. While the company faces the risk of
integrating its acquisition of Motley, KLXE's pro forma leverage is
not high, and leverage metrics should improve due to increasing
cash flow. KLXE's leverage metrics will also depend on how the
company funds any future acquisitions.

KLXE's proposed secured notes are rated B3, consistent with the CFR
in accordance with Moody's Loss Given Default methodology. The
notes will have a second lien on the ABL collateral and a first
lien on substantially all other assets. The company's $100 million
ABL revolver will mature in five years and have a first lien on the
ABL collateral including accounts receivable and inventory. While
the ABL revolver has a first lien on the relatively more liquid ABL
collateral, given the proportionately smaller size of the ABL
facility as compared to the secured notes and the low projected
utilization of the ABL, the secured notes are rated the same as the
CFR. An increasing proportion of ABL relative to secured notes in
the capital structure due to factors including a meaningful
increase in the size of the ABL facility or high utilization of the
ABL could pressure the secured notes rating.

The SGL-1 rating reflects its expectation that KLXE will maintain
very good liquidity through 2019 based on its cash balance,
anticipated free cash flow, and revolver availability. The ABL
revolver should be undrawn at closing, and its initial borrowing
base should be over $70 million, with a facility size of $100
million. The ABL revolver will have a springing minimum fixed
charge coverage ratio of 1x based on excess availability. Moody's
does not expect the covenant to spring through 2019.

The stable outlook reflects Moody's expectation for KLXE to grow
revenue and cash flow while integrating the Motley acquisition.

Factors that could lead to an upgrade include growth of EBITDA in a
stable to improving industry environment, consistent free cash flow
generation, maintenance of good liquidity and a conservative
financial profile.

Factors that could lead to a downgrade include EBITDA to interest
expense below 2.5x, acquisitions that materially increase leverage
or deterioration in liquidity.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in May 2017.

KLXE was spun out from KLX Inc. in September 2018 into an
independent, publicly-traded provider of completion, intervention
and production services and products, primarily to E&P companies in
major US onshore producing regions. KLXE was originally formed from
the combination and integration of seven private oilfield service
companies acquired over the 2013 through 2014 time period. On
October 22, 2018, KLXE announced the acquisition of Motley for $148
million.


LE CENTRE ON FOURTH: Plan Outline Okayed, Plan Hearing on Nov. 14
-----------------------------------------------------------------
Le Centre on Fourth LLC is now a step closer to emerging from
Chapter 11 protection after a bankruptcy judge approved the outline
of its plan of reorganization.

Judge Raymond Ray of the U.S. Bankruptcy Court for the Southern
District of Florida on Oct. 11 gave the thumbs-up to the disclosure
statement after finding that it contains "adequate information."

The order set a Nov. 6 deadline for creditors to file their
objections and an Oct. 31 deadline to submit ballots of acceptance
or rejection of the plan.

A court hearing to consider confirmation of the plan is scheduled
for Nov. 14, at 1:30 p.m.  The hearing will take place at the U.S.
Courthouse, Room 306.

Class 4 - Allowed General Unsecured Claims are unimpaired.  The
estimated allowed amount of Class 4 Claims is $61,600 and the class
is expected to recoup 100%.

The Plan will be implemented through the settlement pursuant to
which BLH is selling its
BLH Claims and its BLH Units in the Debtor to AJS and a "Designated
Purchaser" for $18.6
million plus 50% of the proceeds of the Kentucky Historic
Rehabilitation Tax Credit relating to the Property which is the
subject of a pending application by the Debtor, with provisions for
dismissal with prejudice of the State Court Litigation, with each
of the parties to bear their own fees and costs, and exchange
mutual releases.

In conjunction with purchase AJS will secure sufficient funding
with which to satisfy not only the $18.6 million cash portion of
the purchase price for the BLH Units, but also U.S. Bank's Secured
Claim, Allowed General Unsecured Claims and Subordinated Claims
(Including AJS Claims and BLH Claims).

The Secured Claims of the Stonehenge Lenders and Master Tenant will
be assumed and reinstated. As a result of AJS' purchase of BLH's
membership interests in the Debtor, AJS will be left unimpaired as
post-confirmation it will hold 100% of the membership interests in
the Debtor. Likewise for BLH as it will be paid an amount ($18.6
million plus 50% of the proceeds of the Kentucky Historic
Rehabilitation Tax Credits) it has agreed for its membership
interests (the BLH Units) in the Debtor.

A copy of the Second Amended Disclosure Statement from
PacerMonitor.com is available at https://tinyurl.com/yd3sdv6t at no
charge.

A copy of the First Amended Disclosure Statement from
PacerMonitor.com is available at https://tinyurl.com/yafwta6l at no
charge.

A copy of the original Disclosure Statement from PacerMonitor.com
is available at https://tinyurl.com/y994t2br at no charge.

                     About Le Centre on Fourth

Le Centre on Fourth LLC is a privately held company in Plantation,
Florida, that operates under the traveler accommodation industry.
Its principal assets are located at 501 South Fourth Street
Louisville, KY 40202.  Bachelor Land Holdings, LLC, is the holder
of the majority of the issued and outstanding units of membership
interest of the company.

Le Centre on Fourth filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 17-23632) on Nov. 10, 2017.  In the
petition signed by CRO Ian Ratner, the Debtor estimated its assets
and liabilities at between $50 million and $100 million.  Judge
Raymond B. Ray presides over the case.  The Debtor tapped the Law
Firm of Berger Singerman LLP as its legal counsel; the Law Office
of Mark D. Foster, as special tax counsel; and GlassRatner Advisory
& Capital Group, LLC, as its restructuring advisor.


LEHMAN BROTHERS: Has No Power to Issue Substituted Preferred Stock
------------------------------------------------------------------
Bankruptcy Judge Shelley C. Chapman denied the motion of Lehman
Brothers Holdings Inc. as Plan Administrator under the Modified
Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings
Inc. and its Affiliated Debtors for an order in aid of execution of
the Plan.

Objections to the Motion were filed by (i) Deutsche Bank AG, London
Branch; and (ii) Barclays Bank PLC. Joinders to the DB objection
were filed by Citigroup Global Markets Inc.; Merrill Lynch, Pierce,
Fenner & Smith Inc. and Merrill Lynch International; and CarVal
Investors UK Limited. DB, Barclays, Citi, Merrill Lynch, and CarVal
each objected to the Motion in its capacity as a holder of the
securities at issue in the Motion. Bruce Alexander Mackay and
Matthew Robert Haw of RSM Restructuring Advisory LLP, in their
capacity as the joint liquidators of the General Partner filed a
limited objection to the Motion.

The Plan Administrator asserted that it is authorized to issue
Substituted Preferred Stock under the Pre-Effective Date Charter
"in furtherance of LBHI carrying out the most important operative
provision of the Plan: Section 6.1(b)." Specifically, the Plan
Administrator points to its authority under subsections (iii) and
(xiv) of section 6.1(b), "to carry out and implement all provisions
of the Plan, including, without limitation, to . . . exercise its
reasonable business judgment . . . as necessary to maximize
Distributions to holders of Allowed Claims” and to "perform other
duties and functions that are consistent with the implementation of
the Plan."

The Plan Administrator also argued that the Motion should be
granted because a Preferred Securities Substitution, which can only
be effectuated if LBHI first issues Substituted Preferred Stock, is
in the best interest of LBHI and its creditors and will provide an
opportunity to maximize distributions to holders of Allowed Claims
without adversely affecting any creditor or equity holder of the
Debtors' estates.

The Objecting Parties vehemently disagreed with the Plan
Administrator, arguing most pertinently that the relief sought by
the Plan Administrator directly contradicts the intent of the Plan
and the Confirmation Order which, among other things, (i) canceled
the type of securities that the Plan Administrator now seeks to
issue pursuant to the Motion; (ii) fixed the sole constituent of
LBHI Class 12 Equity Interests as the Plan Trust (and such class
did not include the ECAPS holders); (iii) nullified the
Pre-Effective Date Charter (pursuant to which LBHI now seeks
authority to issue new Substituted Preferred Stock); and (iv)
effectuated an amended charter and amended by-laws which expressly
prohibit LBHI from issuing new non-voting capital stock.

The Objecting Parties also argued that issuance of the Substituted
Preferred Stock would violate section 1123(a)(6) of the Bankruptcy
Code, which mandates that a plan shall "provide for the inclusion
in the charter of the debtor . . . a provision prohibiting the
issuance of nonvoting equity securities . . . ." Accordingly, the
Objecting Parties assert that, because issuing Substituted
Preferred Stock is prohibited under the Plan and by the Bankruptcy
Code, the Plan Administrator's request to “execute” the Plan is
really an attempt to modify the Plan. The Objecting Parties argue
that the Plan cannot be modified because it has been substantially
consummated and, pursuant to section 1127(b) of the Bankruptcy
Code, a plan may not be modified after it has been substantially
consummated.

The Court holds that the plain language of section 6.1(b) reflects
that the Plan Administrator's authority is tethered to and must be
consistent with other provisions of the Plan. Section 6.1(b)(iii)
does not, as the Plan Administrator suggests, confer authority on
the Plan Administrator to fulfill its duty to maximize
distributions to holders of allowed claims under the Plan by any
means possible; instead, the Plan Administrator is required to
operate within the confines of the Plan. That the Plan does not
expressly prohibit the Plan Administrator from issuing stock
pursuant to LBHI's Pre-Effective Date Charter is unsurprising and
of no consequence; it would indeed be impossible to include in a
plan an exhaustive list of all "prohibited" actions.

While issuing preferred stock under the Pre-Effective Date Charter
is indeed not explicitly prohibited by the Plan, the Court finds
that such an action would contravene core provisions of the Plan
both as written and as implemented.  First, the Pre-Effective Date
Charter was amended and restated in its entirety by the Amended
Charter. Even if the Pre-Effective Date Charter was only amended to
the extent necessary to carry out the provisions of the Plan, as
the Plan Administrator contends, it nonetheless specifically
prohibits LBHI from issuing new, nonvoting stock to any party other
than to the Plan Trust. The Amended By-Laws also prohibit LBHI from
issuing new, non-voting stock.

Accordingly, the Court finds that the Plan Administrator does not
have the power to issue Substituted Preferred Stock pursuant to
section 6.1(b) the Plan and, therefore, it declines to grant the
Motion pursuant to section 1142(b) of the Bankruptcy Code.

A full-text copy of the Memorandum Decision and Order dated Oct.
11, 2018 is available for free at:

    http://bankrupt.com/misc/nysb08-13555-58884.pdf

Counsel for Lehman Brothers Holdings Inc. and Certain of Its
Affiliates:

     Jacqueline Marcus, Esq.
     Garrett A. Fail, Esq.
     WEIL, GOTSHAL & MANGES LLP
     767 Fifth Avenue
     New York, New York 10153
     jacqueline.marcus@weil.com
     garrett.fail@weil.com

Counsel for Deutsche Bank AG, London Branch:

     Joshua Dorchak, Esq.
     Melissa Y. Boey, Esq.
     MORGAN, LEWIS & BOCKIUS LLP
     101 Park Avenue
     New York, New York 10178
     joshua.dorchak@morganlewis.com
     melissa.boey@morganlewis.com

          -and-

     Alex R. Rovira, Esq.
     SIDLEY AUSTIN LLP
     787 Seventh Avenue
     New York, New York 10019
     AROVIRA@SIDLEY.COM

Counsel for Barclays Bank PLC:

     Luke A. Barefoot, Esq.
     CLEARY GOTTLIEB STEEN & HAMILTON LLP
     One Liberty Plaza
     New York, New York 10006
     lbarefoot@cgsh.com

Counsel for the Joint Liquidators of the General Partner:

     David R. Seligman, P.C.
     Joseph M. Graham, Esq.
     KIRKLAND & ELLIS LLP
     300 North LaSalle
     Chicago, Illinois 60654
     david.seligman@kirkland.com
     joe.graham@kirkland.com

         -and-

     Mark McKane, P.C.
     Kevin Chang, Esq
     KIRKLAND & ELLIS INTERNATIONAL LLP
     555 California Street
     San Francisco, California 94104
     mark.mckane@kirkland.com
     kevin.chang@kirkland.com

Counsel for Citigroup Global Markets Inc.:

     Kyle J. Kimpler, Esq.
     Dan Youngblut, Esq.
     PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
     1285 Avenue of the Americas
     New York, New York 10019
     kkimpler@paulweiss.com
     dyoungblut@paulweiss.com

Counsel for Merrill Lynch, Pierce, Fenner & Smith Inc. and Merrill
Lynch International:

     Emil A. Kleinhaus, Esq.
     WACHTELL, LIPTON, ROSEN & KATZ
     51 West 52nd Street
     New York, New York 10019
     EAKleinhaus@WLRK.com

Counsel to CarVal Investors UK Limited:

     Luc A. Despins, Esq.
     James T. Grogan, Esq.
     PAUL HASTINGS LLP
     200 Park Avenue, 26th Floor
     New York, New York 10166
     lucdespins@paulhastings.com

                    About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more than
150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
disclosed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in U.S.
history.  Several other affiliates followed thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset LLC
sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases were assigned to Judge James M. Peck.
Judge Shelley Chapman took over the case after Judge Peck retired
from the bench to join Morrison & Foerster.

A team of Weil, Gotshal & Manges, LLP, lawyers led by the late
Harvey R. Miller, Esq., serve as counsel to Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, served
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., served as the
Committee's investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant to
the provisions of the Securities Investor Protection Act (Case No.
08-CIV-8119 (GEL)).  James W. Giddens was appointed as trustee for
the SIPA liquidation of the business of LBI.  He is represented by
Hughes Hubbard & Reed LLP.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

                          *     *     *

As of March 2018, the trustee for LBI has made sixth interim
distributions in the aggregate amount of at least $9 billion.  The
distributions bring total general unsecured creditor claim
recoveries to 39.75%, an achievement far in excess of any
reasonable expectation during the midst of Lehman's collapse and
the financial crisis of the Great Recession.  As of March 31, 2018,
the Trustee has allowed or settled 4,813 general creditor claims
with an aggregate asserted amount of $70.1 billion for an allowed
amount of $22.9 billion.

As for LBHI, following the 15th distribution announced by the team
winding down LBHI in March 2018, Lehman's total distributions to
unsecured creditors will amount to approximately $124.6 billion.
The actual distributions to bondholders are already way above the
projected recovery 21 cents on the dollar when Lehman's bankruptcy
plan went into effect in early 2012.


LUBY'S INC: Appoints Todd Coutee as Chief Operating Officer
-----------------------------------------------------------
Luby's, Inc. has appointed Benjamin (Todd) Coutee to chief
operating officer, effective immediately.  Mr. Coutee replaced
Peter Tropoli, who resigned as the Company's COO on Oct. 22, 2018.
Mr. Tropoli will continue to serve his term as a member of the
Board.

Chris Pappas, president and CEO, commented, "The board of directors
and I are pleased to announce the promotion of Todd Coutee to COO.
Todd brings extensive restaurant operations and leadership
experience to this role having most recently served as SVP of
Operations for Culinary Contract Services.  In addition, he
previously held operational leadership positions at each of our
brands, having served as SVP of Operations at Luby's Cafeterias,
and Fuddruckers.  Todd has demonstrated outstanding leadership in
restaurant operations as well as managing brands and maximizing
team performances.  His successful style of leadership, passion for
people, and invaluable knowledge from more than 30 years in the
industry provide the vision and management capabilities most needed
today for the future of our brand operations.  I am pleased to have
him in this role and excited about working closely with Todd as we
guide the company forward."

In conjunction with this management change, Peter Tropoli will now
assume the role of general counsel for Luby's, Inc.  Mr. Tropoli
has served in various senior executive management positions at the
Company for more than 18 years and has a broad range of corporate
management, restaurant industry, and public company legal
experience.

Pappas continued, "Peter has been a tremendous asset to our Company
since 2001.  His restaurant industry knowledge, extensive company
experience and deep understanding of real estate, coupled with his
expertise in legal, administrative and regulatory matters will
continue to provide significant value to our team."

Coutee has more than 30 years of hospitality and restaurant
operations experience.  He has led multiple teams at the Company as
a SVP of Operations at Culinary Contract Services, Luby's
Cafeteria's and Fuddruckers since rejoining Luby's in 2006 as an
Area Leader for the cafeteria segment.  Previously he spent ten
years in the hospitality and restaurant industry in various
operational leadership positions, including as the executive
director of Operations for Aramark's Educational Food Service
Division.  He began his career with Luby's Cafeteria in 1989 as an
assistant manager and then spent ten years in leadership roles in
operations and training.

There is no change in Mr. Coutee's compensation in connection with
his appointment as chief operating officer at this time.  In
connection with Mr. Tropoli's transition to general counsel and
corporate secretary, Mr. Tropoli will be entitled to receive an
annual base salary in the amount of $350,000.

                         About Luby's

Houston, Texas- based Luby's, Inc. (NYSE: LUB) -- www.lubysinc.com
-- operates 146 restaurants nationally as of Aug. 29, 2018: 84
Luby’s Cafeterias, 60 Fuddruckers, two Cheeseburger in Paradise
restaurants.  Luby's is the franchisor for 105 Fuddruckers
franchise locations across the United States (including Puerto
Rico), Canada, Mexico, the Dominican Republic, Panama and Colombia.
Additionally, a licensee operates 36 restaurants with the
exclusive right to use the Fuddruckers proprietary marks, trade
dress, and system in certain countries in the Middle East. The
Company does not receive revenue or royalties from these Middle
East restaurants.  Luby's Culinary Contract Services provides food
service management to 28 sites consisting of healthcare, corporate
dining locations, and sports stadiums.

Luby's reported a net loss of $23.26 million for the year ended
Aug. 30, 2017, compared to a net loss of $10.34 million for the
year ended Aug. 31, 2016.  As of June 6, 2018, the Company had
$208.95 million in total assets, $94.91 million in total
liabilities, and $114.03 million of total shareholders' equity.

The Company sustained a net loss of approximately $14.6 million and
approximately $31.7 million in the quarter ended and three quarters
ended June 6, 2018, respectively.  Cash flow from operations has
declined to a use of cash of approximately $4.9 million in the
three quarters ended June 6, 2018.  The working capital deficit is
magnified by the reclassification of the Company's approximate
$44.0 million debt under it's Credit Agreement from long-term to
short-term due to the debt's May 1, 2019 maturity date.  As of June
6, 2018, the Company was in default of certain of its Credit
Agreement financial covenants.

"The Company's continuation as a going concern is dependent on its
ability to generate sufficient cash flows from operations to meet
its obligations and obtain alternative financing to refund and
repay the current debt owed under it's Credit Agreement.  The above
conditions raise substantial doubt about the Company's ability to
continue as a going concern," Luby's stated in its Quarterly Report
for the period ended June 6, 2018.


LUIS ROSALES: Ct. Tosses Appeals Pending Resolution of Ch. 11 Case
------------------------------------------------------------------
The Supreme Court of Nevada dismissed the appeals cases captioned
COLFIN BAM FUNDING, LLC, Appellant, v. LUIS ROSALES, Respondent.
LUIS ROSALES, Appellant, v. COLFIN BAM FUNDING, LLC, Respondent,
Nos. 70403, 72659 (Nev.) without prejudice pending resolution of
Luis Rosales chapter 11 case.

Counsel for respondent and appellant Rosales has filed a "Notice of
Bankruptcy Filing" informing the court that Mr. Rosales has filed a
Chapter 11 bankruptcy petition in the District of Nevada, case no.
18-14956.

Given the applicability of the automatic stay, these appeals may
linger indefinitely on the court's docket pending final resolution
of the bankruptcy proceedings. Accordingly, the Court concludes
that judicial efficiency will be best served if these appeals are
dismissed without prejudice. Because a dismissal without prejudice
will not require this court to reach the merits of these appeals
and is not inconsistent with the primary purposes of the bankruptcy
stay -- to provide protection for debtors and creditors --we
further conclude that such dismissal will not violate the
bankruptcy stay.

These dismissals are without prejudice to appellant's right to move
for reinstatement of these appeals upon either the lifting of the
bankruptcy stay or final resolution of the bankruptcy proceedings,
if Mr. Rosales deems such a motion appropriate at that time. Any
motion to reinstate these appeals must be filed within 60 days of
entry of the order lifting the stay or concluding the bankruptcy
proceedings.

A copy of the Court's Order dated Oct. 5, 2018 is available at
https://bit.ly/2PIrWan from Leagle.com.

Luis Rosales filed for chapter 11 bankruptcy protection (Bankr. D.
Nev. Case No. 18-14956) on August 21, 2018, and is represented by
Brandy L. Brown, Esq. of Kung & Associates.


M & G USA: Orbital Seeks Revision of Plan and Disclosure Statement
------------------------------------------------------------------
Orbital Insulation, Corp. joins Sinopec Engineering Group America,
LLC, Sinopec Engineering (Group) Co., Ltd. and the Construction
Lienholder Group in their objection to M&G USA Corporation and
affiliates' disclosure statement referring to their joint plan of
liquidation.

Through the Joinder, Orbital joins in the arguments raised in the
Sinopec Objection and the Construction Lienholder Group Objection
and expressly adopts, raises, and incorporates such arguments as if
fully set forth herein. Through the Joinder, and for the reasons
set forth in the Sinopec Objection and the Construction Lienholder
Group Objection, Orbital requests that the Court deny the
Disclosure Statement in its current form.

Orbital requests that the Disclosure Statement be denied unless and
until (i) the Debtors revise the Disclosure Statement to provide
such information to enable creditors to make an informed decision
about the Plan, and (ii) revise the Plan so that it is
confirmable.

A full-text copy of Orbital's Joinder is available for free at:

     http://bankrupt.com/misc/deb17-12307-1981.pdf

The Troubled Company Reporter previously reported that the
Litigation Trust will be established in accordance with the
Litigation Trust Agreement for the purpose of liquidating the
Litigation Trust Assets, resolving all Disputed Claims, making all
distributions to Holders of Allowed Claims in accordance with the
terms of the Plan and otherwise implementing the Plan.

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

      http://bankrupt.com/misc/deb17-12307-1813.pdf

Counsel for Orbital Insulation Corp.:

     James E. Wimberley, Esq.
     LAW OFFICES OF JAMES WIMBERLEY
     221 S. Highway 69
     P.O. Box 1786
     Nederland, TX 77627
     (409) 853-4095
     (409) 853-1462 - Facsimile
     jim@jwimberley.com

              About M & G USA Corporation

Founded in 1953, M&G Group is a privately owned chemical company in
Italy and is controlled through the holding company M&G Finanziaria
S.p.A.  The M&G Group -- specifically, its chemicals division, is a
producer of polyethylene terephthalate resin for packaging
applications.

M & G USA Corporation and affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 17-12307) on Oct. 30, 2017.  In the
petition signed by CRO Dennis Stogsdill, the Debtors estimated $1
billion to $10 billion both in assets and liabilities.

Judge Brendan L. Shannon presides over the cases.

Jones Day is the Debtors' bankruptcy counsel. The Debtors hired
Pachulski Stang Ziehl & Jones LLP as conflicts counsel and
co-counsel; Crain Caton & James, P.C., as special counsel; Alvarez
& Marsal North America, LLC as restructuring advisor; Rothschild
Inc. and Rothschild S.p.A. as financial advisors and investment
bankers; and Prime Clerk LLC as administrative advisor.

On Nov. 13, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee retained
Milbank, Tweed, Hadley & McCloy LLP as its legal counsel; Cole
Schotz, as Delaware co-counsel; Berkeley Research Group, LLC, as
financial advisor; and Jefferies LLC, as investment banker.


MELINTA THERAPEUTICS: Appoints John Johnson as Interim CEO
----------------------------------------------------------
Melinta Therapeutics, Inc. has appointed John H. Johnson as interim
chief executive officer, effective immediately.  Mr. Johnson, a
director of Melinta, succeeds Dan Wechsler, who is stepping down
from his role as president, CEO and director to pursue other
opportunities.  The Board and Mr. Wechsler mutually agreed that now
is the right time to transition leadership of the Company.

"John is an accomplished biopharmaceutical industry leader with
more than 20 years of direct expertise in the antibiotics space,
and we are pleased that he is leading Melinta during this pivotal
time.  Under John's leadership, we are confident that sales of
commercial products, Baxdela (delafloxacin), Vabomere (meropenem
and vaborbactam), Orbactiv (oritavancin), and Minocin (minocycline)
for Injection, will continue to accelerate, and that he will focus
on strengthening the financial position of Melinta by optimizing
the integrations of the infectious disease business of The
Medicines Company and Cempra," said Kevin Ferro, chairman of
Melinta Therapeutics.

"I am pleased to serve as interim CEO of Melinta and will continue
to work closely with the board of directors, executive management
and the broader team to further advance the Company's mission to
provide life-saving therapeutic solutions that address the evolving
global threat of bacterial infections and antibiotic resistance.
This is an exciting time for Melinta and I look forward to
contributing to the continued growth and future success of the
Company by delivering anti-infective solutions to patients," said
John H. Johnson, interim chief executive officer and director of
Melinta Therapeutics.

Mr. Ferro added, "On behalf of the board of directors, we would
like to thank Dan for his contributions to the Company and we wish
him well in his future endeavors."

In connection with Mr. Johnson's employment, the Company entered
into an employment agreement pursuant to which Mr. Johnson is
entitled to a monthly salary of $78,650.  The employment agreement
has a six-month term, which automatically renews for successive
one-month terms unless either party notifies the other, at least 30
days prior to the end of the initial term or 15 days prior to any
subsequent one-month term, of its or his decision not to renew the
employment agreement.

John H. Johnson has more than 30 years of biopharmaceutical
industry, executive leadership and commercial experience at leading
global organizations, including Johnson & Johnson, Eli Lilly &
Company, ImClone and Pfizer, Inc.  In addition to Melinta, Mr.
Johnson currently serves on the boards of Aveo Oncology,
Histogenics Corporation, Portola Pharmaceuticals, Inc., and is
chairman of Strongbridge Biopharma plc.  Mr. Johnson previously
served as a director at Cempra and Sucampo.  He also previously
served as president and chief executive officer of Dendreon
Corporation from February 2012, became chairman in July 2013, and
served as chairman until June 2014 and president and chief
executive officer until August 2014.  Prior to this role, Mr.
Johnson served as president of Eli Lilly & Company's Global
Oncology Unit following the company's 2008 acquisition of ImClone
Systems Incorporated, where he served as chief executive officer
and on ImClone's board.  Prior to ImClone, Mr. Johnson served as
the company group chairman of biopharmaceuticals within Johnson &
Johnson, where he was responsible for biotechnology, immunology and
oncology commercial business units.  Prior to that role, he held
several executive positions at Johnson & Johnson, Parkstone Medical
Information Systems, Inc., Ortho-McNeil Pharmaceutical Corporation
and Pfizer Inc.  While at Ortho-McNeil, Mr. Johnson was responsible
for the company's anti-infectives portfolio. During his career, Mr.
Johnson also served as a member of the board of directors of
Pharmaceutical Research and Manufacturers of America (PhRMA), the
Health Section Governing Board of Biotechnology Industry
Organizations (BIO), and BioNJ.

                     About Melinta Therapeutics

New Haven, Connecticut-based Melinta Therapeutics, Inc. --
http://www.melinta.com/-- is a commercial-stage pharmaceutical
company focused on discovering, developing and commercializing
differentiated anti-infectives for the hospital and select
non-hospital, or community, settings that address the need for
effective treatments for infections due to resistant gram-negative
and gram-positive bacteria.  The Company currently market four
antibiotics to treat a variety of infections caused by these
resistant bacteria.

Deloitte & Touche LLP, in Chicago, Illinois, the Company's auditor
since 2014, issued a "going concern" opinion in its report on the
consolidated financial statements for the year ended Dec. 31, 2017,
stating that the Company's recurring losses from operations and its
need to obtain additional capital raise substantial doubt about its
ability to continue as a going concern.

Melinta reported a net loss available to common shareholders of
$78.17 million in 2017, a net loss available to common shareholders
of $95.04 million in 2016, and a net loss available to common
shareholders of $94.92 million in 2015.  As of June 30, 2018,
Melinta had $514.6 million in total assets, $253.7 million in total
liabilities and $260.97 million in total shareholders' equity.


MIAMI BEVERLY: Nov. 28 Approval Hearing on Disclosures Set
----------------------------------------------------------
Bankruptcy Judge Laurely Myerson Isicoff is set to hold a hearing
on Nov. 28, 2018 at 10:00 a.m. to consider approval of Miami
Beverly, LLC's disclosure statement.

The last day for filing and serving objections to the disclosure
statement is Nov. 21, 2018.

The Troubled Company Reporter previously reported that the Debtors'
real properties will be sold and secured and unsecured creditors
will receive a distribution of 100% of their allowed ciaim(s) under
the plan.

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

      http://bankrupt.com/misc/flsb18-14506-166.pdf  

                     About Miami Beverly

Miami Beverly, LLC and its affiliates 1336 NW 60 LLC, Reverend,
LLC, 13300 Alexandria Dr. Holdings, LLC and The Holdings at City,
LLC, sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Fla. Lead Case No. 18-14506) on April 17, 2018.  In
the petition signed by Denise Vaknin, manager, Miami Beverly
estimated assets of less than $50,000 and liabilities of less than
$500,000.  Judge Laurel M. Isicoff presides over the cases.  The
Debtor tapped Leiderman Shelomith Alexander + Somodevilla, PLLC as
its legal counsel.


MIAMI INTERNATIONAL: Plan Outline Hearing Set for Nov. 28
---------------------------------------------------------
Bankruptcy Judge Laurely Myerson Isicoff will convene a hearing on
Nov. 28, 2018 at 9:30 a.m. to consider approval of Miami
International Medical Center, LLC's disclosure statement explaining
its Chapter 11 liquidating plan.

The last day for filing and serving objections to the disclosure
statement is Nov. 21, 2018.

The Plan will be implemented through a distribution of the proceeds
of the liquidation of
the Remaining Assets and the continued prosecution of Causes of
Action through a liquidating
trust.

Under the Plan, Class 6 Allowed General Unsecured Claims of VCH
estimated to total $8,124,890.63 will receive $0.  Pursuant to the
Court approved Stipulation, VCH has agreed to allocate any
distribution to unsecured creditors that VCH or its affiliates
would otherwise be entitled to to the Unsecured Creditor Fund for
distribution to the Debtor's other general unsecured creditors in
Class 5, but is entitled to vote to accept or reject the Plan in
the amount of its otherwise allowed unsecured claim of
$8,124,890.63.

A copy of the Disclosure Statement from PacerMonitor.com is
available at https://tinyurl.com/yafwy8ur at no charge.

          About Miami International Medical Center

Miami International Medical Center, LLC, which does business under
the name The Miami Medical Center --
http://www.miamimedicalcenter.com/-- is a 67-bed hospital located
at 5959 N.W. Seventh St. Miami, Florida.  The hospital temporarily
suspended all health care services effective Oct. 30, 2017.

Miami International Medical Center sought protection under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-12741) on
March 9, 2018.  In the petition signed by Jeffrey Mason, chief
administrative officer, the Debtor disclosed $21.39 million in
assets and $67.27 million in liabilities.  Judge Laurel M. Isicoff
presides over the case.  Meland Russin & Budwick, P.A., is the
Debtor's bankruptcy counsel.

Daniel M. McDermott, U.S. Trustee for Region 21, on March 22
appointed five creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case of Miami International
Medical Center, LLC.  The Committee tapped Agentis PLLC and Porzio,
Bromberg & Newman, P.C., as co-counsel and Cohn Reznick LLP as its
financial advisor and forensic accountant.


MIDLAND PROPERTIES: Ct. Recommends Denial of WF Summary Ruling Bid
------------------------------------------------------------------
Bankruptcy Judge Thomas L. Saladino reports that the Bankruptcy
Court does not have jurisdiction to decide the issues involved in
the adversary proceeding captioned IN THE MATTER OF: MIDLANDS
PROPERTIES, LLC, and JERRY J. MORGAN, SR., Chapter 11, Debtor(s).
JERRY J. MORGAN, SR., Plaintiff, v. SPECIALIZED LOAN SERVICING,
LLC, a Delaware limited liability company; WELLS FARGO HOME
MORTGAGE, INC., d/b/a AMERICA'S SERVICING COMPANY; BANK OF NEW YORK
MELLON CORPORATION; WELLS FARGO BANK, N.A., d/b/a AMERICA'S
SERVICING COMPANY, Defendants, No. A17-8017 (Bankr. D. Neb.).
Accordingly, the Court requests that the U.S. District Court
withdraw the reference of this adversary proceeding.

The Court also recommends that Wells Fargo Bank, N.A.'s motion for
summary judgment be denied by the U.S. District Court.

Jerry Morgan commenced the matter as a state court lawsuit filed in
the District Court of Douglas County, Nebraska. The adversary
proceeding alleges that the defendants, who are his former and
current mortgage loan servicers, have charged improper interest
rates and improperly collected escrow funds to pay real estate
taxes despite Morgan's state-law homestead exemption. Specifically,
he seeks a declaratory judgment as to the interest rate applicable
under his loan documents and the confirmed plan, an accounting as
to all charges to and payments made on his account, and damages for
breach of contract and breach of fiduciary duty. Defendant Wells
Fargo Bank, doing business as America's Servicing Company, moves
for summary judgment on the basis that no genuine issue of material
fact exists.

Morgan's complaint seeks a declaratory judgment as to the interest
rate applicable under his loan documents and the Confirmation Order
(in his now dismissed Chapter 11 case), an accounting as to all
charges to and payments made on his account, and damages for breach
of contract and breach of fiduciary duty. The U.S. District Court
found that this is a core proceeding because Morgan was asking the
bankruptcy court to interpret the applicable interest rate in light
of the Confirmation Order. However, the parties seem to now be in
agreement on that issue as indicated in their briefing on this
motion for summary judgment. They agree that the plan calls for the
interest rate after the effective date of the plan to be "5.25% per
annum . . . or at the underlying contractual rate of interest,
whichever is less." The briefs on this motion seem to agree on the
calculation of the applicable contractual rate of interest that
would apply during the relevant periods of time.

The parties disagree, however, on whether the Defendants actually
charged the proper rate of interest to Morgan. That is not a core
proceeding as it is a matter that would exist outside of the
bankruptcy context. It also does not fall under "related to"
jurisdiction since it has no conceivable effect on the bankruptcy
estate--the underlying bankruptcy case has been dismissed and there
is no longer an estate. The other causes of action (for accounting
and damages) suffer from the same jurisdictional defect.
Accordingly, the Court has no jurisdiction to decide the issues in
this adversary proceeding.

Wells Fargo argues that Morgan cannot prove damages because he has
not actually made payments on the Loan for several years. Morgan
says he stopped making payments because ASC was overcharging him.
No accounting has been supplied by Wells Fargo, so it is difficult
to ascertain whether Morgan has overpaid due to an incorrect
interest rate. In addition, he continues to live in the property,
and presumably would be subject to whatever remedies the current
holder of the Loan may take regarding such non-payment. These facts
are sufficient to preclude entry of summary judgment at this time.

Accordingly, due to disputed issues of material fact, the Court
recommends that the United States District Court deny the motion
for summary judgment.

A copy of the Court's Order Report and Recommendation dated Oct. 4,
2018 is available at https://bit.ly/2PHCTc7 from Leagle.com.

Jerry J Morgan, Sr., Plaintiff, represented by James B. McVay --
jmcvay@omahalaw.com  -- Tiedeman, Lynch, Kampfe, McVay et al.

Specialized Loan Servicing, LLC, a Delaware limited liability
company & Bank of New York Mellon Corporation, Defendants,
represented by Patrick Raymond Turner -- Patrick.turner@stinson.com
-- Stinson Leonard Street LLP.

Wells Fargo Home Mortgage, Inc., d/b/a America's Servicing Company
& Wells Fargo Bank, N.A., d/b/a America's Servicing Company,
Defendants, represented by Jennifer L. Andrews --
Jennifer.Andrews@KutakRock.com -- Kutak Rock Law Firm.

Midland Properties II, LLC, filed a Chapter 11 petition (Bankr. D.
Neb. Case No. 16-80487) on April 4, 2016, and is represented by
David Grant Hicks, Esq., at Pollak, Hicks, & Alhejaj, P.C., in
Omaha, Nebraska.  At the time of filing, the Debtor had $1 million
to $10 million in estimated assets and $1 million to $10 million
in
estimated liabilities.  The petition was signed by Jerry J.
Morgan,
Sr., agent/managing member.  A list of the Debtor's 20 largest
unsecured creditors is available for free at
http://bankrupt.com/misc/neb16-80487.pdf   


MIRARCHI BROTHERS: Amends Plan to Modify Treatment of Unsecureds
----------------------------------------------------------------
Mirarchi Brothers, Inc. filed a disclosure statement describing its
third amended plan of reorganization dated Oct. 12, 2018.

The latest plan modifies the treatment of the unsecured creditors
in Class 5.

The Reorganized Debtor will pay Holders of Allowed Unsecured
Claims, excluding Fulton Bank, N.A.'s Deficiency Claim for which
distributions are waived, an annual distribution of. 1% of the
Debtor's or Reorganized Debtor's, as applicable, Gross Revenue for
each of the first five years after the Effective Date and 0.5% of
the Reorganized Debtor's Gross Revenue for each of the following
three years. Each Gross Revenue Payment will be calculated with
respect to the Gross Revenue for the prior calendar year, with the
first Gross Revenue Payment calculated based on calendar year
2018.

In addition to the Gross Revenue Payments, the Reorganized Debtor
will make additional payments to Holders of Allowed Unsecured
Claims calculated as a percentage of each Allowed Unsecured Claim.

To the extent that the combined Gross Revenue Payments and Claims
Percentage Payments exceeds $60,000 in any of the first five years
of the Plan, then the amount otherwise payable in excess of $60,000
will be payable in the next year, on a cumulative basis.

The Reorganized Debtor will make the Annual Class 5 Distribution
Payments by making an annual distribution to Holders of Allowed
Unsecured Claims on a pro rata basis commencing on the Initial
Distribution Date and on each subsequent one-year anniversary
thereof through the eighth year. The Reorganized Debtor will make
appropriate reserves for the Holder of an Unsecured Claim for which
an objection has been filed but not adjudicated by Final Order as
of the date for making the Annual Class 5 Distribution Payments and
will pay all such amounts due on account thereof promptly after
such claims become Allowed Class 5 Claims.

The Reorganized Debtor will make the Annual Class 5 Distribution
Payments each year for a period eight years. Notwithstanding the
foregoing, the Debtor may exercise an option to extend such
payments to the ninth year, provided such option is exercised prior
to the deadline for making the seventh Annual Class 5 Distribution
Payment. If the Debtor exercises such option, the remaining
payments under the Plan will be allocated pro rata among the
remaining years left under the Plan.

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

     http://bankrupt.com/misc/paeb16-12534-674.pdf

                    About Mirarchi Brothers

Mirarchi Brothers, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Pa. Case No. 16-12534) on April 8,
2016. The petition was signed by Ralph Minarchi, Jr., president.
The Debtor is represented by Albert A. Ciardi, III, Esq., at Ciardi
Ciardi & Astin, P.C. The case is assigned to Judge Jean K.
FitzSimon. The Debtor estimated both assets and liabilities in the
range of $1 million to $10 million.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Mirarchi Brothers, Inc., to serve on the official
committee of unsecured creditors. The committee members are: (1)
Hadco Metal Trading; (2) IBEW Local 126 Benefit Funds; and (3) U.S.
Electrical Services, Inc.  The Committee retained the law firm of
Saul Ewing LLP as counsel, and Bederson LLP as accountant.


MOUNTAIN CREEK: Summary Ruling Bid on R. Helmrich ADA Claims OK'd
-----------------------------------------------------------------
In the case captioned RICHARD HELMRICH, Plaintiff, v. MOUNTAIN
CREEK RESORT INC., et al., Defendants, Civil Action No. 15-7939
(JLL) (D.N.J.), Chief District Judge Jose L. Linares grants
Defendants Mountain Creek Resort Inc., Appalachian Liquors Corp.,
Andrew Mulvihill, Julie Mulvihill, William Polchinski, Rabih
Younes, and Darren Heaps' motion for summary judgment on
Plaintiff's Americans with Disabilities Act claims. Plaintiff's
claims under New Jersey Law Against Discrimination, as well as his
claims for defamation and infliction of emotional distress are
dismissed without prejudice and with leave to reinstate those
claims in state court.

Plaintiff claims that, in failing to promote him to the position of
Director of Food and Beverage, Defendants discriminated against him
on the basis of a disability in violation of the ADA. In order to
establish a prima facie case of discrimination under the ADA, a
plaintiff must demonstrate by a preponderance of evidence that:
"(1) he is a disabled person within the meaning of the ADA; (2) he
is otherwise qualified to perform the essential functions of the
job, with or without reasonable accommodations by the employer; and
(3) he has suffered an otherwise adverse employment decision as a
result of discrimination." A person is "disabled" within the
meaning of the ADA when he or she is "substantially limited in a
major life activity"--in other words, when he or she is "unable to
perform a major life activity that the average person in the
general population can perform."

Defendants argue that they are entitled to summary judgment on
Plaintiff's actual disability claim because Plaintiff "is not
disabled within the meaning of the [ADA]." The Court agrees.
Without excluding the possibility that obesity may under other
circumstances constitute a disability under the ADA, the Court
finds that it does not here. Plaintiff does not claim that his
obesity "substantially limits one or more . . . major life
activities." Here, Plaintiff observed a weight lifting restriction
on orders from his cardiologist, but he does not dispute that his
weight does not make it more difficult for him to stand, walk,
bend, or complete other movements necessary for him to work.  

Based on the record before this Court, Plaintiff has not
demonstrated by a preponderance of the evidence that he meets the
standard for an individual with a disability under the ADA.
Therefore, the Court finds that Plaintiff has not demonstrated he
is a "disabled person" within the meaning of the ADA, and, as a
result, the Court need not consider whether Plaintiff satisfies the
remaining requirements of a prima facie case for actual disability
discrimination. Defendants are therefore entitled to summary
judgment on Plaintiff's actual disability discrimination claim
under the ADA.

Plaintiff's NJLAD claims concern issues of interpretation of state
statutory law that would be more appropriately heard in New Jersey
state court. The Court, therefore, in its discretion, declines to
exercise supplemental jurisdiction over Plaintiff's remaining state
law claims.

A copy of the Court's Opinion dated Oct. 15, 2018 is available at
https://bit.ly/2Ozmk5C from Leagle.com.

RICHARD HELMRICH, Plaintiff, represented by WILLIAM STRAZZA --
William@citizensoldierlaw.com -- Law Office of William Strazza,
P.C. & MATTHEW JAMES WERNER, Law Office of William Strazza, PC.

MOUNTAIN CREEK RESORT INC., A New Jersey Corporation, APPALACHIAN
LIQUORS, CORP., A New Jersey Domestic Profit Corporation, ANDREW
MULVIHILL, JULIE MULVIHILL, WILLIAM POLCHINSKI, RABIH YOUNES &
DARREN HEAPS, Defendants, represented by STEFANI C. SCHWARTZ,
SCHWARTZ SIMON EDELSTEIN & CELSO LLC.

              About Mountain Creek Resort

Mountain Creek Resort, Inc., owns and operates the Mountain Creek
Resort, a four-season resort located in Vernon, New Jersey.  The
Resort is the New York/New Jersey Metro area's closest ski resort
with 167 skiable acres on four mountain peaks, 1,040 vertical
feet,
46 trails, and 11 lifts.  The Resort also operates and manages the
Appalachian Hotel and the Black Creek Sanctuary townhomes.

Mountain Creek Resort, Inc., and five affiliated debtors filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D.N.J. Lead Case No. 17-19899) on May 15, 2017.  The
cases are pending before the Honorable Judge Stacey L. Meisel, and
jointly administered.

Mountain Creek estimated $10 million to $50 million in assets and
debt.

The Debtors hired Lowenstein Sandler LLP as bankruptcy counsel;
Houlihan Lokey Capital, Inc., as business consultant and
investment
banker; and Prime Clerk LLC as claims and noticing agent.

On May 24, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Trenk, DiPasquale,
Della Fera & Sodono, P.C., is the Committee's bankruptcy counsel.


NAUTILUS INKIA: Moody's Affirms Ba3 CFR, Outlook Stable
-------------------------------------------------------
Moody's Investors Service affirmed the Ba3 corporate family rating
of Nautilus Inkia Holdings LLC as well as the Ba3 global senior
unsecured rating on its 5.875% senior unsecured notes due 2027. The
rating outlook is stable.

On October 19, 2018, Inkia announced the acquisition of the
outstanding 25% minority interest stakes in its Peruvian power
generation subsidiaries Kallpa Generacion S.A. (Kallpa; Baa3,
stable) and Samay I S.A. (Samay; unrated). Inkia used the proceeds
from a $200 million bridge loan (maturity: March 2020) and $100
million equity contribution from I Squared Capital's managed funds
along with $42 million cash on hand. As a result of the
transaction, Inkia became the sole shareholder of these two
Peruvian power generation companies.

RATINGS RATIONALE

The affirmation of the ratings factors in Inkia's use of the $200
million incremental debt exclusively to help finance the
acquisition of the minority interest stakes in these two key
subsidiaries, particularly Kallpa. The affirmation of the Ba3
ratings also acknowledges that Inkia will gain full access to the
cash flows upstreamed from these subsidiaries' with its 100%
interest stake. The rating action also acknowledges that Inkia's
use of equity contribution and cash on hand helps to mitigate the
negative impact of the incremental debt on its consolidated
metrics.

The rating action considers that the incremental debt will cause
Inkia's consolidated CFO pre-W/C to debt Inkia to drop to nearly 9%
by year-end 2018 following the improvement recorded over recent
years with CFO pre-W/C to debt peaking at around 10% for the last
twelve month period ended June 30, 2018.

However, the affirmation of Inkia's ratings and stable outlook is
strongly predicated on the assumption that Inkia will be able to
improve its consolidated credit metrics starting next year. This
expectation assumes a gradual financial improvement in Inkia's
regulated utility subsidiaries in Guatemala (Energuate Trust; Ba2
stable) following a credit constructive outcome of the ongoing
tariff review (rates are scheduled to become effective in February
2019) and
the contracted operations of the 50 MW greenfield wind project in
the Dominican Republic which is scheduled to be operational in
2019. Moody's anticipates that these factors along with some modest
deleverage that result from some of the subsidiaries' amortizing
debt will contribute to Inkia recording a consolidated CFO pre-W/C
to debt that will comfortably exceed 10% starting in 2019.

The Ba3 rating also considers that the $200 million incremental
debt heightens the structurally subordinated position of the
holding company debt, including the new indebtedness, vis-a-vis the
debt outstanding at its subsidiaries as well as Inkia's reliance on
those subsidiaries' dividends to service its debt. However, the Ba3
assumes that the amount of holding company debt relative to total
consolidated debt will remain below 30% (currently around 27%). The
Ba3 rating
factors in the importance of Kallpa and Energuate Trust in
assessing Inkia's credit quality but also considers some geographic
and operational diversification benefits that result from the
group's ownership-stakes in generation companies operating in
several Central and South American countries, and its widely
diversified asset base with operations in several other countries.
However, these operations expose Inkia's cash flows to emerging
markets, including non-investment grade sovereign ratings while a
portion of the power generation subsidiaries operate under merchant
or short-term arrangements which limit their cash flow visibility.
Nevertheless, the Ba3 rating acknowledges that the weighted average
contract life of the group's generation asset portfolio is
approximately 8 years. The group's cash flow visibility is further
enhanced by the Guatemalan regulated operations.

The stable outlook assumes no material deterioration in the group's
overall credit quality and that Inkia will be able to record again
consolidated credit metrics that are adequate for the Ba-rating
category by year-end 2019, and that the implementation of the
permitted reorganization completed during 2018 is credit neutral
for Inkia. The two new separate holding companies, namely Nautilus
Distributions Holdings LLC and Nautilus Isthmus Holdings LLC,
became co-issuers of Inkia's Ba3 notes. They also agreed to
unconditionally undertake, on a joint and several basis with Inkia,
all of its obligations under the Notes, as well as to be bound by
all other
applicable provisions of the Indenture and the Notes. The stable
outlook also assumes that I Squared Capital's and management's
corporate finance decisions, including new growth initiatives and
cash distributions, will continue to balance shareholder friendly
policies with Inkia's credit quality. The stable outlook assumes
that Inkia's liquidity profile will remain adequate for the rating
category and acknowledges that its only upcoming debt maturities is
the new $200
million bridge loan.

What Could Change the Rating - Up

An upgrade of Inkia's ratings over the foreseeable future is
unlikely given that the rating is currently weakly positioned
within the Ba3-rating category in light of the deterioration in the
consolidated metrics expected at year-end 2018. That said, positive
momentum on the
rating is likely if its expectations that the change in ownership
last year will not result in material changes in the issuer's
business risk profile and the implementation of a 50% dividend
payout ratio prove to be correct and following a material
improvement in Inkia's credit metrics, such that its consolidated
FFO to debt exceed 14%, on a sustainable basis.

What Could Change the Rating - Down

Negative momentum on Inkia's ratings is possible if, in contrast to
its expectations, Inkia's pool of cash flows end up differing
significantly from the cash flows that were historically available
to Inkia to meet its obligations, particularly if such change does
not result in a material reduction in the outstanding parent
holding company debt. A downgrade is also likely following a
deterioration in the operations of any of Inkia's key subsidiaries
which diminishes their ability to upstream visible cash flows.
Downward pressure on the ratings is likely if Inkia fails to record
the anticipated improvement in the consolidated credit metrics in
2019; Specifically, if the consolidated FFO to debt remain below
10%, on a sustainable basis.

The principal methodology used in these ratings was Unregulated
Utilities and Unregulated Power Companies published in May 2017.

Inkia Energy Limited is an international holding company
incorporated in Bermuda that holds ownership stakes in unregulated
power generation companies domiciled in several Central and South
American countries, as well as regulated electric distribution
operations in Guatemala.
The Notes co-obligors are Nautilus, Nautilus Distributions Holdings
LLC and Nautilus Isthmus Holdings LLC which are indirectly owned by
certain funds managed by I Squared Capital.


NETFLIX INC: Moody's Rates Sr. Unsec. Notes Ba3, Outlook Stable
---------------------------------------------------------------
Moody's Investors Service has assigned a Ba3 rating to Netflix,
Inc.'s proposed senior unsecured notes offering of benchmark size
and maturity. Proceeds from the issuance will be used for general
corporate purposes, which may include content acquisitions, capital
expenditures, investments, working capital and potential
acquisitions and strategic transactions. Netflix's Ba3 corporate
family rating, Ba2-PD probability of default and SGL-1 speculative
grade liquidity rating remain unchanged. The outlook remains
stable.

Assignments:

Issuer: Netflix, Inc.

Senior Unsecured Regular Bond/Debenture, Assigned Ba3 (LGD4)

RATINGS RATIONALE

Pro forma for this debt issuance, Netflix's gross leverage will be
6.2x (including Moody's adjustments) for the last twelve months
ended September 30, 2018 (5.3x on a last quarter annualized (LQA)
basis and 3.3x on a pro forma net leverage basis). However, despite
the continuing issuances of debt to fund the company's negative
cash flows, Moody's expects leverage to drop gradually over time as
the transition from licensed content to produced original content
levels off and newer international markets begin to contribute to
profits and overall margins improve. Moody's anticipates that gross
leverage will fall back to around 6.0x by the end of 2018 and below
5.0x by the end of 2020 as the company's EBITDA growth outpaces the
growth in content spend and in debt. Further, Moody's believes the
company is on a trajectory to easily surpass 200 million
subscribers by the end of 2021, and Moody's believes that the
company has the ability to reach cash flow breakeven within 5 years
as they grow total margins to the low 20% range. Moody's believes
the company's strategy to procure its own content has positive
long-term implications as it builds its owned library assets as
compared to pure licensing of content, which Moody's believes will
provide scale benefits for the company and increasingly provides
proprietary value to consumers, not to mention provide a valuable
asset base for investors. With distribution reaching across the
entire world, Netflix has the capability to create content at a
fixed cost and scale it across a near global footprint. Moody's
also anticipates greater levels of SVOD competition from major
traditional media companies like The Walt Disney Company (A2) and
AT&T's (Baa2) WarnerMedia. While the programming offered by each of
the companies is dissimilar, Moody's believes that increasing SVOD
options could slow the growth trajectory for Netflix in newer
markets over the intermediate-term.

The stable outlook reflects its expectation that Netflix's
operating results will improve gradually and the company will
de-lever through revenue, EBITDA and margin growth. Moody's
anticipates that credit metrics should become less volatile over
time since no new markets are being launched, which have been a
significant drag on margins in the past.

Ratings could be upgraded in future years as: 1) Netflix's adds
newer launched markets to its mature profitable markets footprint;
2) it continues to expand subscriber numbers and margins, helping
to fund increases in content spend working capital such that it can
maintain its significant lead on its content offering relative to
competitors; and 3) after the company deleverages over the next 12
to 24 months, it will sustaining debt-to-EBITDA leverage below
4.0x. Higher profitability would be needed for a higher rating
along with a strong commitment from management to sustain stronger
credit metrics given the company's view that an optimized capital
structure for the company includes a ratio of 20 to 25% debt to
enterprise value.

Moody's would consider a downgrade to Netflix's ratings: 1) if
consistent and continuous margin improvements fail to be achieved
such that negative cash flows persist at high levels; 2) leverage
remains stubbornly high and are not on a trajectory to decline to
below 5.0x; 3) if there are expectations for deterioration in
subscriber numbers due to competitive pressures or operational
setbacks; and 4) if liquidity issues arise due to capital market
access issues and capital needs exceeded the company's cash balance
and revolving credit facility availability.

The principal methodology used in this rating was Business and
Consumer Service Industry published in October 2016.

Netflix, Inc., with its headquarters in Los Gatos, California, is
the world's leading subscription video on demand internet
television network with three operating segments: Domestic
streaming, International streaming and Domestic DVD. Domestic and
International streaming segments derive revenues from monthly
subscription services consisting of streaming content over the
internet, and the Domestic DVD division derives revenues from
monthly subscription services consisting solely of DVD-by-mail.
Revenues for the last twelve months ended was approximately $14.9
billion.


NETFLIX INC: S&P Assigns BB- Rating on $2BB Senior Unsecured Notes
------------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level and '3' recovery
ratings to Netflix Inc.'s proposed approximately $2 billion senior
unsecured notes due in 2029. The notes will be split between a
dollar-denominated tranche and a euro-denominated tranche. The '3'
recovery rating indicates S&P's expectation for meaningful recovery
(50%-70%; rounded estimate: 65%) of principal in the event of a
payment default.

The company plans to use the net proceeds for continued investment
in original content and general corporate purposes. Pro forma for
the debt issuance, the company's adjusted leverage will remain
about 4.3x (as of Sept. 30, 2018). However, S&P expects adjusted
leverage to increase slightly to about 4.8x by the end of 2018 as
Netflix continues to invest heavily in content.

The 'BB-' issuer-credit rating on Netflix reflects the company's
improving EBITDA margin performance over the last 12 months, driven
in part by price increases and continued and accelerated subscriber
growth. These factors demonstrate the strength of the company's
business model and its ability to expand globally, increase
margins, and manage its increasing debt burden. The company's
significant content investments will likely continue to generate
multibillion-dollar free cash flow deficits over the next 2-3
years. That and increasing competition from existing and new
subscription video on demand (SVOD) platforms remain significant
risks. However, Netflix has effectively positioned itself as a
premier video library for online viewers in developed markets. It
is well positioned to accelerate growth and capture international
market share.

  RATINGS LIST
  Netflix Inc.
   Issuer Credit Rating      BB-/Stable

  New Rating
  Netflix Inc.
   Senior Unsecured
    US notes due 2029        BB-
    Recovery Rating          3 (65%)
    EUR notes due 2029       BB-
    Recovery Rating          3 (65%)



NIGHTHAWK ROYALTIES: Court Conditionally Approves Plan Outline
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware on Oct. 11
conditionally approved the disclosure statement filed by Nighthawk
Royalties LLC and its affiliates in support of their latest Chapter
11 plan of liquidation.

Under the first amended plan, the estimated recovery for creditors
holding senior secured claims and unsecured claims is 0% to 100%.


The estimated allowed amount of unsecured claims against Nighthawk
Energy plc is $36,423,546.30 to $42,673,546.30 while the estimated
allowed amount of unsecured claims for the other companies is $0 to
$6,250,000.  Meanwhile, the estimated amount of senior secured
claims is $0 to $6,250,000, according to the companies' disclosure
statement filed on Oct. 11.

A copy of the latest disclosure statement is available for free at:


     http://bankrupt.com/misc/deb18-10989-216.pdf

                      About Nighthawk Energy

Nighthawk Energy -- http://www.nighthawkenergy.com/-- is an
independent oil and natural gas company operating in the
Denver-Julesburg (DJ) Basin of Colorado, USA.  Nighthawk Energy and
affiliate Nighthawk Royalties LLC are the direct and ultimate
parent entities of non-debtors Nighthawk Production LLC and
OilQuest USA, LLC. The sole or primary operating entity of the
Debtors is Nighthawk Production, an oil and gas exploration company
which is organized under Delaware law and based in Denver,
Colorado.  Production's principal business activity is the
exploration for, as well as the development and sale of,
hydrocarbons, operating solely in the state of Colorado where it
holds interests in over 150,000 net mineral acres in and around
Lincoln County.  Nighthawk's common shares are publicly listed on
the London Stock Exchange (LSE:HAWK).  

Debtors Nighthawk Royalties and Nighthawk Energy sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 18-10989) on April 30,
2018.  

In the petitions signed by Rick McCullough, president, Nighthawk
Royalties estimated at least $50,000 in assets and $10 million to
$50 million in liabilities, while Nighthawk Energy estimated
$100,000 to $500,000 in assets and $10 million to $50 million in
liabilities.

The cases are assigned to Judge Brendan Linehan Shannon.

The Debtors employed Greenberg Traurig, LLP as counsel; SSG
Advisors, LLC, as investment banker; and JND Corporate
Restructuring as claims agent.


NNN 400 CAPITOL: Ct. Junks Wells Fargo, et al., Bid to Dismiss Suit
-------------------------------------------------------------------
Bankruptcy Judge Kevin Gross denied the Defendants' motion to
dismiss the adversary proceeding captioned NNN 400 CAPITOL CENTER,
LLC, et al., Plaintiffs, v. WELLS FARGO BANK, N.A., AS TRUSTEE FOR
THE REGISTERED HOLDERS OF COMM 2006-C8 COMMERCIAL MORTGAGE
PASS-THROUGH CERTIFICATES; LNR PARTNERS, LLC, a Florida Limited
Liability Company; BERKADIA COMMERCIAL MORTGAGE, LLC, a Delaware
Limited Liability Corporation; LITTLE ROCK-400 WEST CAPITOL TRUST,
a Delaware Statutory Trust; SOMERA ROAD, INC., a New York
Corporation; and TACONIC CAPITAL ADVISORS, LP, a Delaware Limited
Partnership. Defendants, Adv. Pro. No. 18-50384(KG) (Bankr. D.
Del.).

The proceeding against the Defendants is largely a lender liability
set of claims. The Defendants argue in support of their motion to
dismiss that the Loan Documents contain a contractual waiver which
is enforceable under controlling Arkansas law. The defendants also
argue that Plaintiffs did not plead essential elements of (1) the
breach of contract claim (Count I); (2) the negligence claim
against Wells Fargo (Count II); (3) the tortious interference claim
against LR-400, LNR and Berkadia (Count III); (4) the aiding and
abetting claim against LNR and Berkadia (Count IV); (5) the
declaratory judgment claim against LR-400 (Count V); (6) the unjust
enrichment claim against Taconic and LR-400 (Count VII); (7) the
breach of contract claim against LR-400 (Count IX); (8) the
tortious interference claim against LR-400 and Taconic (Count X);
and (9) the Confidentiality Agreement claim against Taconic (Count
VIII).

The Court is fully satisfied, however, that Plaintiffs' claims are
not for unreasonable conduct but for intentional action on the part
of the Defendants. Reading the Complaint and the allegations is
convincing that intentional conduct is at the heart of the Amended
Complaint. The exculpatory clause obviating liability for
unreasonable actions does not address breach of contract,
intentional torts or other intentional conduct. Section 18.6 does
not release Defendants from liability for the conduct which
Plaintiffs allege in the Amended Complaint. The Plaintiffs further
allege that they suffered damages from Defendants' purposeful
actions.

The Court finds it unnecessary to address all of Defendants'
arguments in support of their motion to dismiss. The allegations in
the Amended Complaint are detailed and state claims. Plaintiffs
will at some point have to prove their allegations by a
preponderance of the evidence. Whether the facts alleged will lead
to Plaintiffs' recovery is far from resolved on the occasion of the
motion to dismiss.

Somera's motion to dismiss is premised on the fact that Plaintiffs
are not parties to the Master Confidentiality Agreement. The party
which signed the Master Confidentiality Agreement was Plaintiff's
law firm, Rubin. In the Amended Complaint the Plaintiffs state
unequivocally that (1) Somera approached Plaintiffs to solicit
their business, (2) Somera was forbidden from using any
confidential information regarding Wells Fargo, (3) used the
confidential information to procure the sale of the loan to LR-400,
which was owned by Taconic, (4) Plaintiffs were damaged and (5)
Somera was fully aware that Rubin was acting as agent for
Plaintiffs.

Somera raises as its principal argument that Plaintiffs are
attempting to assert rights as a third-party beneficiary but have
failed to plead the necessary elements of the existence of a valid
and binding contract, that the contract was intended for its
benefit and that the benefit is sufficiently immediate rather than
incidental.
However, it is clear from the Amended Complaint that Plaintiffs
have made the necessary allegations. Plaintiffs clearly allege that
a contract existed, they adequately performed, Somera breached and
Plaintiffs were damaged. The facts Plaintiffs allege are adequate
and they plausibly state a valid claim.

A full-text copy of the Court's Memorandum Opinion dated Oct. 4,
2018 is available at https://bit.ly/2yq8Tel from Leagle.com.

NNN 400 CAPITOL CENTER 16, LLC, et al, Plaintiff, represented by
Thomas Joseph Francella, Jr. , Cozen O'Connor & Guy Bennett Rubin,
Rubin & Rubin.

Wells Fargo Bank, N.A., as Trustee for the Registered Holders of
Comm 2006-C8 Commercial Mortgage Pass-Through Certificates, LNR
Partners, LLC, a Florida Limited Liability Company, Berkadia
Commercial Mortgage LLC, a Delaware Limited Liability Corporation,
Little Rock-400 West Capitol Trust, a Delaware Statutory Trust &
Taconic Capital Advisors, LP, a Delaware Limited Partnership,
Defendants, represented by Paul Chronis --
pechronis@duanemorris.com -- Duane Morris LLP & Richard W. Riley --
rriley@duanemorris.com -- Duane Morris LLP.

Somera Road, Inc., a New York Corporation, Defendant, represented
by Jason M. Bergeron, Frost Brown Todd LLC & Brett D. Fallon --
bfallon@morrisjames.com -- Morris James LLP.

              About NNN 400 Capitol Center 16

NNN 400 Capitol Center 16, LLC and 23 of its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Lead Case No. 16-12728) on December 9, 2016.  The petitions were
signed by Charles D. Laird & Peggy Laird on behalf of Charles D.
Laird and Peggy Laird Revocable Trust dated April 21, 1999,
member.

On June 5, 2017, NNN 400 Capitol Center, LLC and seven other
affiliates of NNN 400 Capitol Center 16 filed Chapter 11
petitions.
The cases are jointly administered under Case No. 16-12728.

The cases are assigned to Judge Kevin Gross.

Whiteford, Taylor & Preston, LLC is the Debtors' bankruptcy
counsel
while Rubin and Rubin, P.A. serves as their special counsel.

At the time of filing, NNN 400 Capitol Center 16, NNN 400 Capitol
Center 10 and NNN 400 Capitol Center 11 estimated both assets and
liabilities at $10 million to $50 million each.


NORTHERN OIL: Launches Exchange Offer for 8.50% Senior Notes
------------------------------------------------------------
Northern Oil and Gas, Inc. has offered to exchange up to
$350,000,000 principal amount of 8.50% Senior Secured Second Lien
Notes due 2023 for a like principal amount of 8.50% Senior Secured
Second Lien Notes due 2023 that have been registered under the
Securities Act of 1933.

On Oct. 5, 2018, the Company completed the private offering of $350
million aggregate principal amount of 8.50% Senior Secured Second
Lien Notes due 2023.

The original notes were issued as "additional notes" under the
indenture pursuant to which, on May 18, 2018, the Company issued
8.50% senior secured second lien notes due 2023.  The terms of the
exchange notes are identical in all material respects to those of
the previously issued notes and the original notes, except that the
exchange notes have been registered under the Securities Act of
1933, as amended, or the Securities Act, and the transfer
restrictions, registration rights and additional interest
provisions related to the original notes do not apply to the
exchange notes.  The original notes may only be tendered in an
amount equal to $1.00 in principal amount or in integral multiples
of $1.00 in excess of $1.00.

The Company will not receive any proceeds from the exchange offer
or the issuance of exchange notes.

Wilmington Trust, National Association, will be engaged as exchange
agent in connection with the exchange offer.

A full-text copy of the Form S-4 prospectus is available for free
at https://is.gd/r6uwxF

                      About Northern Oil

Minnetonka, Minnesota-based Northern Oil and Gas, Inc. --
http://www.NorthernOil.com/-- is an independent energy company
engaged in the acquisition, exploration, development and production
of oil and natural gas properties, primarily in the Bakken and
Three Forks formations within the Williston Basin in North Dakota
and Montana.  

Northern Oil reported a net loss of $9.19 million in 2017, a net
loss of $293.5 million in 2016, and a net loss of $975.4 million in
2015.  As of June 30, 2018, Northern Oil had $883.08 million in
total assets, $1.03 billion in total liabilities and a total
stockholders' deficit of $147.8 million.


NORTHERN OIL: May Issue 18.9-Mil. Shares Under 2018 Incentive Plan
------------------------------------------------------------------
Northern Oil and Gas, Inc. has filed a Form S-8 registration
statement with the Securities and Exchange Commission to register
18,992,502 shares of its common stock that are reserved for
issuance under the Company's 2018 Equity Incentive Plan.  The
number of shares registered consists of (a) 15,000,000 shares being
registered for the first time pursuant to Northern Oil and Gas,
Inc. 2018 Equity Incentive Plan plus (b) 769,775 unissued shares
that were available for future awards under the Northern Oil and
Gas, Inc. 2013 Incentive Plan as of Aug. 23, 2018 plus (c) up to
3,222,727 shares of Common Stock that were subject to outstanding
awards under the 2013 Plan as of Aug. 23, 2018.  The Outstanding
Shares will be available for future awards under the 2018 Plan to
the extent that the associated awards under the 2013 Plan expire,
are cancelled, are forfeited or are settled for cash.

                     Deregisters Securities

Northern Oil filed a Post-Effective Amendment No. 2 to Form S-8 to
deregister certain securities originally registered by the Company
pursuant to its registration statement on Form S-8 filed with the
SEC on Aug. 5, 2016 with respect to shares of the Company's common
stock, par value $0.001 per share, thereby registered for offer or
sale pursuant to the Northern Oil and Gas, Inc. 2013 Incentive
Plan.  The Company registered a total of 1,600,000 shares of Common
Stock under the Prior Registration Statement.

The Company has since adopted a new incentive plan, the Northern
Oil and Gas, Inc. 2018 Equity Incentive Plan, which replaces the
2013 Plan as of Aug. 23, 2018, the date the Company's shareholders
approved the 2018 Plan.  No future awards will be made under the
2013 Plan.  According to the terms of the 2018 Plan, the 769,775
shares of Common Stock that remained available for grant under the
2013 Plan as of Aug. 23, 2018 are available for issuance under the
2018 Plan.  

                       About Northern Oil

Minnetonka, Minnesota-based Northern Oil and Gas, Inc. --
http://www.NorthernOil.com/-- is an independent energy company
engaged in the acquisition, exploration, development and production
of oil and natural gas properties, primarily in the Bakken and
Three Forks formations within the Williston Basin in North Dakota
and Montana.  

Northern Oil reported a net loss of $9.19 million in 2017, a net
loss of $293.5 million in 2016, and a net loss of $975.4 million in
2015.  As of June 30, 2018, Northern Oil had $883.08 million in
total assets, $1.03 billion in total liabilities and a total
stockholders' deficit of $147.8 million.


NORTHERN OIL: Registers 100.8 Million Shares for Possible Resale
----------------------------------------------------------------
Northern Oil and Gas, Inc. has filed with the Securities and
Exchange Commission a Form S-3 registration statement relating to
the possible resale or other disposition, from time to time, of up
to 100,841,835 shares of its common stock, par value $0.001 per
share by Pivotal Williston Basin, LP, Pivotal Williston Basin II,
LP and W Energy Partners LLC.

Northern Oil registered these shares of its Common Stock to provide
the Selling Stockholders with freely tradable securities. The
registration of the shares of the Company Common Stock covered by
this prospectus does not necessarily mean that any shares of its
Common Stock will be sold by the Selling Stockholders, and the
Company cannot predict when or in what amounts the Selling
Stockholders may sell any of the shares offered by this prospectus.
The prices at which the Selling Stockholders may sell the shares
will be determined by prevailing market prices or at prices that
may be obtained in negotiated transactions.

The Company is not selling any shares of its Common Stock under
this prospectus, and it will not receive any proceeds from any sale
or other disposition by the Selling Stockholders of the shares of
its Common Stock covered by this prospectus.  The Company has,
however, agreed to pay certain fees and expenses incident to its
contractual obligations to register these shares of its Common
Stock.

The Selling Stockholders may sell the shares of Common Stock from
time to time in market transactions on the NYSE American or any
other market where the securities may be traded, in privately
negotiated transactions, through one or more underwriters,
broker-dealers or agents, or with a combination of these or any
other legally available methods, and at fixed prices, at prevailing
market prices at the time of sale, at varying prices determined at
the time of sale or at negotiated prices.

Northern Oil's Common Stock is listed on the NYSE American under
the symbol "NOG."  On Oct. 18, 2018, the closing sale price of its
Common Stock was $3.54 per share.

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

                     https://is.gd/NjM0Lh

                      About Northern Oil

Minnetonka, Minnesota-based Northern Oil and Gas, Inc. --
http://www.NorthernOil.com/-- is an independent energy company
engaged in the acquisition, exploration, development and production
of oil and natural gas properties, primarily in the Bakken and
Three Forks formations within the Williston Basin in North Dakota
and Montana.  

Northern Oil reported a net loss of $9.19 million in 2017, a net
loss of $293.5 million in 2016, and a net loss of $975.4 million in
2015.  As of June 30, 2018, Northern Oil had $883.08 million in
total assets, $1.03 billion in total liabilities and a total
stockholders' deficit of $147.8 million.


NORTHERN OIL: Releases Financials of Acquired Businesses
--------------------------------------------------------
Northern Oil and Gas, Inc. has filed an Amendment No. 1 on Form
8-K/A to its current report on Form 8-K originally filed with the
Securities and Exchange Commission on Sept. 18, 2018, solely to
provide the disclosures including the required financial statements
of the Pivotal Entities and the required pro forma financial
information.  On Sept. 17, 2018, Northern Oil completed the
acquisition of certain oil and gas properties and interests from
Pivotal Williston Basin, LP and Pivotal Williston Basin II, LP,
effective as of June 1, 2018.  

For the year ended Dec. 31, 2017, the Pivotal Entities reported
total revenues of $50.04 million.  The Pivotal Entities reported
total revenues of $30.21 million for the six months ended June 30,
2018.

Statements of Revenue and Direct Operating Expenses of the Pivotal
Entities for the year ended Dec. 31, 2017 and six months ended June
30, 2018 and 2017

                 https://is.gd/0d2PYR

Unaudited Pro Forma Financial Statements for the Year Ended Dec.
31, 2017 and as of and for the Six Months Ended June 30, 2018

                 https://is.gd/Kvs2Rs

Separately on Oct. 1, 2018, Northern Oil completed the acquisition
of certain oil and gas properties and interests from WR Operating
LLC, effective as of July 1, 2018.  The Company filed an Amendment
No. 1 on Form 8-K/A to its current report on Form 8-K originally
filed with the SEC on Oct. 1, 2018, solely to provide the
disclosures required by Item 9.01 of Form 8-K that were omitted
from the Original Report, including the required financial
statements of W Energy and the required pro forma financial
information.

W Energy reported net income of $12.58 million on $35.49 million of
revenues for the year ended Dec. 31, 2017.  As of Dec. 31, 2017,
the Company had $120.66 million in total assets, $12.20 million in
total liabilities and $108.45 million in members' capital.  For the
six months ended June 30, 2018, W Energy reported net income of
$18.98 million on $41.41 million of revenues.  As of June 30, 2018,
W Energy had $147.15 million in total assets, $19.57 million in
total liabilities and $127.57 million in members' capital.

Consolidated Financial Statements of W Energy as of December 31,
2017 and 2016, and for the Year Ended December 31, 2017 and the
period from May 17, 2016 (inception) through December  31, 2016.

                   https://is.gd/1im156

Consolidated Financial Statements of W Energy as of June 30, 2018
and for the Three and Six Month Periods Ended June 30, 2018 and
2017

                   https://is.gd/7v74Ds

Unaudited Pro Forma Financial Statements for the Year Ended
December 31, 2017 and as of and for the Six Months Ended June 30,
2018

                   https://is.gd/KJQ9j1

                    About Northern Oil

Minnetonka, Minnesota-based Northern Oil and Gas, Inc. --
http://www.NorthernOil.com/-- is an independent energy company
engaged in the acquisition, exploration, development and production
of oil and natural gas properties, primarily in the Bakken and
Three Forks formations within the Williston Basin in North Dakota
and Montana.  

Northern Oil reported a net loss of $9.19 million in 2017, a net
loss of $293.5 million in 2016, and a net loss of $975.4 million in
2015.  As of June 30, 2018, Northern Oil had $883.08 million in
total assets, $1.03 billion in total liabilities and a total
stockholders' deficit of $147.8 million.


NORTHERN POWER: Securities Delisted from TSX for Noncompliance
--------------------------------------------------------------
The Toronto Stock Exchange has decided to delist Northern Power
Systems Corp.'s securities from the TSX, effective Oct. 22, 2018,
for failure to comply with the TSX continued listing requirements.

On Sept. 20, 2018 the Company received a letter from the TSX
notifying the Company that the TSX has determined to delist the
Company's securities.  TSX imposed the delisting for the failure of
the Company to meet certain continued listing requirements of TSX.
The TSX identified several deficiencies regarding the Company's
compliance with the TSX continued listing requirements, including
the fact that (i) in the opinion of TSX, it is questionable as to
whether the Company will be able to continue as a going concern,
(ii) the market value of the Company's listed securities has been
less than $3.0 million for the 30 previous consecutive trading days
and (iii) market value of the Company's publicly held listed
securities has been less than $2.0 million for the 30 previous
consecutive trading days.

Northern Power said in a press statement that it continues to
explore listing its securities on NEX or the over-the-counter
market place (OTCQB).  At this time, it is uncertain if the Company
will list its securities on an alternative exchange.

In addition, the Company said it continues to explore all strategic
alternatives and transactions for Company, including the sale of
the business or some or all of its assets and business lines
including its distributed wind, energy storage and/or services
business segments.  It is uncertain if the Company's efforts to
identify and effect one or more strategic transaction will be
successful.

                  About Northern Power Systems

Northern Power Systems -- http://www.northernpower.com/-- designs,
manufactures, and sells distributed power generation and energy
storage solutions with its advanced wind turbines, inverters,
controls, and integration services.  With approximately 22 million
run-time hours across its global fleet, Northern Power wind
turbines provide customers with clean, cost-effective, reliable
renewable energy.  NPS turbines utilize patented permanent magnet
direct drive (PMDD) technology, which uses fewer moving parts,
delivers higher energy capture, and provides increased reliability
thanks to reduced maintenance and downtime. Northern Power also
develops Energy Storage Solutions (ESS) based on the FlexPhase
power converter platform, which features patented converter
architecture and controls technology for advanced grid support and
generation applications.

Northern Power reported net income of $59,000 for the year ended
Dec. 31, 2017, compared to a net loss of $8.94 million for the year
ended Dec. 31, 2016.  As of June 30, 2018, Norther Power had $8.92
million in total assets, $13.90 million in total liabilities and a
total shareholders' deficiency of $4.97 million.

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


NSB ADVISORS: Court Grants Bid to Confirm FINRA Arbitration Award
-----------------------------------------------------------------
In the case captioned NSB ADVISORS, LLC, Petitioner, v. C.L. KING &
ASSOCIATES, INC., Respondent, Docket No. 657034/2017 (N.Y. Sup.),
the Supreme Court of New York County granted NSB Advisors, LLC's
motion to confirm an arbitration award issued by the Financial
Industry Regulatory Authority in NSB Advisors LLC v C.L. King &
Assocs., Inc., FINRA No. 15-01198 on Nov. 3, 2017 in New York City.
Respondent C.L. King & Associates, Inc. cross-motion to vacate the
award is denied.

While Petitioner NSB moves to confirm the award, CL King contends
that the award was issued in manifest disregard of the law. To
vacate an arbitration award on this basis, a court must find that
(1) the arbitration panel knew of a governing law yet refused to
apply it or ignored it, and (2) the governing law was well defined,
explicit, and clearly applicable.

The manifest disregard of the law doctrine is "severely limited"
and offers extreme deference to arbitrators. An arbitration award
should be enforced even if there is only a "barely colorable
justification" for the outcome reached. A party challenging
confirmation of an arbitration award carries the burden of showing
that "no reading of the facts can support the [arbitration award]."
Judicial relief on this basis is rare.

In challenging the award, CL King has presented mere conjecture as
to what the Panel could have been thinking in issuing a decision,
and offered a way for that reasoning to have been incorrect. Such
speculation is inconclusive and fails to show that the Panel lacked
colorable justification for its decision.

CL King additionally challenges the Award by arguing that it is
inconsistent with the award in the Nicklin Arbitration. While the
panels in the Arbitration and the Nicklin Arbitration considered
some of the same claims, the statements of claim in the two actions
were not identical. Needless to say, the parties in the two cases
were also not the same. It can certainly be justified for the Panel
to have arrived at what may appear to be different conclusions in
the two actions.

The Court also notes that, whether NSB itself requested the amount
awarded is irrelevant. Arbitrators may enter lump sum awards
without explaining their rationale. As all of CL King's arguments
fail, its public policy argument likewise fails. In fact, public
policy favors arbitration as a means of resolving disputes in place
of litigation.

A copy of the Court's Order dated Oct. 2, 2018 is available for
free at https://bit.ly/2S0Zq5p from Leagle.com.

Fishkill, New York-based NSB Advisors LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
15-35009) on Jan. 5, 2015.  The case is assigned to Judge Cecelia
G. Morris.  The Debtor's counsel is Alan D. Halperin, Esq., at
Halperin Battaglia Raicht, LLP, in New York.


NY METROPOLITAN COLLEGE: Fitch Affirms BB on $66.7MM Revenue Bonds
------------------------------------------------------------------
Fitch Ratings has affirmed the 'BB' rating on $66.7 million of
revenue bonds, series 2014, issued by Build NYC Resource
Corporation on behalf of the Metropolitan College of New York.

The Rating Outlook is Stable.

SECURITY

The bonds are general obligations of the college and secured by a
mortgage on the 40 Rector Street property (now '60 West') and a
pledge of unrestricted revenues.

KEY RATING DRIVERS

LIMITED OPERATING FLEXIBILITY: The 'BB' rating reflects MCNY's
history of near breakeven GAAP-based operations since 2014, and a
limited financial cushion overall. Other rating factors include
MCNY's small and sensitive student revenue base, and high debt
burden with restrictive security features.

HIGH TUITION DEPENDENCE: MCNY remains highly dependent on
student-derived revenue from its small student base, magnifying the
effect of any enrollment shifts. A recent increase in enrollment
(both headcount and FTE) suggests the college's new location will
be accretive, but revenue sensitivity to enrollment remains a
concern.

ADEQUATE BALANCE SHEET: MCNY has slim but adequate balance sheet
resources for the rating category. Available funds (AF) increased
modestly to approximately $15 million as of Dec. 31, 2017, equal to
an adequate 54% of operating expenses but a weak 21% of debt. AF
declined by half between 2013 and 2016 as the college acquired
facilities and capitalized related costs from unrestricted cash but
is expected to remain stable going forward.

WEAK MARGINS; STABLE CASH FLOW: MCNY's operating margins have
declined to about breakeven in recent years due to enrollment
challenges and higher depreciation expense. Steady operating
margins are expected for the next few years as depreciation on new
facilities remains high, and net income available for debt service
is expected to remain stable.

HIGH DEBT BURDEN: The college's high annual debt burden remains a
constraining credit factor, at approximately 15% of 2017 operating
revenues. Security features include restrictive financial
covenants, which requires an elevated level of management
vigilance. This is particularly onerous given MCNY's recent history
of thin operating performance and sensitivity to enrollment shifts.


RATING SENSITIVITIES

ENROLLMENT VOLATILITY: Enrollment remains a primary concern for
Metropolitan College of New York, as the college's small scale and
high tuition dependence exacerbate the effect of enrollment
fluctuations. Enrollment declines leading to wider operating
deficits could pressure the rating.

THINNING FINANCIAL RESOURCES: Given the limited flexibility
afforded by current available fund levels, any unexpected erosion
in balance sheet resources could pressure the college's ability to
support its obligations and negatively affect the college's rating.


FEDERAL PROGRAM DEPENDENCY: MCNY is very exposed to federal grants
and loans tuition, thus changes in program rules will have an
outsized effect on the college compared to peer institutions.

CREDIT PROFILE

Founded in 1964, MCNY is a private, not-for-profit institution
offering certificate programs and associate and bachelor's degrees,
as well as master's degrees in education, management, public
affairs and administration. The college is accredited by the Middle
States Association of Colleges and Schools. Total FTE enrollment in
fall 2017 was 1,026, marking the first year of positive enrollment
growth since 2012.

Students are largely adult, non-traditional commuter students.
Given this student population, courses are structured to be
accessible to working adults (day, evening, weekend) and include
distance-learning components. The college operates three full
semesters each academic year, using a cohort model; however, the
majority of students enter in the fall semester.

In August 2016, MCNY relocated its primary campus to recently
acquired space in a building in lower Manhattan near One World
Trade Center and the Fulton Center transportation hub. Previously,
the college had leased space in another downtown location.
Additionally, the college relocated its Bronx extension program to
a newly acquired building in close proximity to the prior Bronx
location. According to management, both of these facilities opened
on schedule and are now in full operation.

Enrollment Challenges

Enrollment recently improved following declines for several years,
and remains a significant credit concern. The fall 2017 semester
headcount increased by about 5% to 1,113 but still remained below
its recent high of 1,277 in 2012. Management reports that some of
these students are transfers admitted to MCNY following the closure
of Technical Career Institute, a rival institution, in early
September 2017. Enrollment generally runs cyclical with the economy
given the college's core student base of nontraditional working
adults and enrollment declines in an improving economy have
weakened the college's financial operations in recent years.

MCNY has worked to increase enrollment, most notably through
significant capital investment in its campuses as well as more
aggressive advertising and more strategic program offerings.
Management expects these efforts, along with some programmatic
changes, to help attract additional students. Fall 2018 figures are
not yet final, but management reports that total enrollment will
remain essentially flat with 2017, though incoming student
enrollment will be lower than budgeted. Fitch believes
student-generated revenue will remain integral to the college's
financial operations.

Thin Financial Cushion

MCNY's cash and investments have fluctuated the past few years, as
some internal funds have been used toward financing the two new
facilities. Available funds (AF; defined as cash and investments
less restricted net assets) were approximately $15 million in 2017,
which produced mixed ratios. For the rating category, AF to
operating expenses approximated a fairly healthy 54%; while the AF
to debt ratio was lower at about 21%.

The college has a $5.6 million loan due in 2020 related to the new
Bronx facility financing. While MCNY has sufficient unrestricted
resources to repay this obligation, no specific plans are yet in
place as to how this obligation will be repaid or refinanced. If
management is unable to bolster is financial cushion and reserves
are reduced further to repay this obligation, negative rating
pressure is possible.

Weakening Operating Margins

MCNY's operating margins have recently resulted in narrow GAAP
deficits due to depreciation on the new facilities, weakened
enrollment trends, and a history of limited tuition increases
(1%-2% annually). The college historically generated solid
operating surpluses through 2013, but more recent results have been
just below breakeven.

Management indicates that negative margins are expected to persist
in 2018 on a GAAP basis due largely to high depreciation associated
with the new facilities but that stable enrollment is expected to
support steady cash flow.

Pressured Debt Profile

MCNY's purchase of the Manhattan site provided the institution with
better cost controls; previously the college was experiencing
escalating lease payments. The acquisition of the '60 West'
property allowed the college to replace facility lease payments
with debt service payments on the 2014 bonds. The generation of
sufficient revenues to produce solid debt service coverage is
essential for the rating, especially given the level of available
funds and various financial covenants.

Fitch calculated service coverage at 1.4x in fiscal 2017; maximum
annual debt service (MADS) coverage, which includes the $5.6
million note due in 2020, was a weaker 0.6x. Fitch views leverage
as very high, with the debt burden reaching approximately 36% with
the inclusion of the note, and still high at 16% excluding the note
maturity.

Covenants relating to the 2014 bonds require 1.2x coverage by
revenues available for debt service repayment from fiscal 2017
through maturity. If coverage falls below 1.2x, then the indenture
requires the college to engage a consultant to right-size
operations and make required coverage the following year. Failure
to meet the 1.2x test the following year, or failure to reach 1.0x
coverage in any given year, are considered events of default. Given
the college's narrow room to covenant, Fitch will monitor the
college's compliance with financial covenants closely.


OCH-ZIFF CAPITAL: Fitch Affirms BB- LongTerm IDR, Outlook Stable
----------------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings of
Och-Ziff Capital Management Group LLC and its related entities at
'BB-'. The Rating Outlook is Stable. Concurrently, Fitch has
withdrawn the Long-Term IDR of Och-Ziff Finance Co. LLC as the
entity no longer exists.

KEY RATING DRIVERS

IDRs AND SENIOR DEBT

The rating affirmations reflect Oz's solid franchise, long-term
performance track record, particularly in its core multi-strategy
hedge fund business, continued expansion into credit and real
estate products, which have diversified the earnings stream and
have longer lock-up periods and adequate core profitability metrics
for the ratings.

Key rating constraints include the business model's sensitivity to
market risk due to the meaningful amount of net asset value
(NAV)-based management fees, weakened leverage and interest
coverage metrics, reduced financial flexibility as a result of
converting to a fully secured funding profile and less diversified,
albeit improving, assets under management (AUM) relative to
higher-rated alternative investment managers (IMs). Reduced
investor appetite for hedge funds as an asset class, combined with
challenged performance relative to benchmarks more recently, has
pressured fund flows and fees for the hedge fund industry as a
whole.

Oz's ratings also incorporate Oz's announcement on Jan. 30, 2018,
that Rob Shafir will succeed Daniel Och as CEO. While no immediate
key-person or change of control events are expected to be
triggered, Fitch believes the leadership changes could potentially
yield incremental investor outflows during normal redemption
periods, which would weaken cash flow generation, and thus, Oz's
leverage and interest coverage metrics.

Between 2015 and 2017, Oz experienced $15.6 billion in aggregate
net AUM outflows stemming from its legal settlement and broader
industry challenges, which had a negative impact on earnings and
leverage. AUM increased 3.1% between Oct. 1, 2017 and Oct. 1, 2018,
which marked a considerable improvement from the declines observed
in 2016 and 2017. The net investment return for the Oz Master Fund
was a modest 4.1% through the first nine months of 2018, which was
considerably weaker than net returns of 9.8% for of the same period
last year. Fitch believes that an inability to improve investment
performance could drive additional net outflows.

Oz's fee-related EBITDA (FEBITDA) margin was 7.4% for the TTM ended
June 30, 2018, which is well below Oz's longer-term historical
range of 35% to 45% and below Fitch's 'bb' category quantitative
earnings and profitability benchmark range of 10% to 20%. Using
Oz's expense guidance for 2018, its 2Q18 AUM, and the weighted
average (WA) management fee rate for 2Q18, Fitch estimates that
Oz's FEBITDA margin in 2018 could range from 5.1% to 14.0%, which
remains weak relative to the ratings and the peer group. Negative
ratings momentum could result from Oz's margins being toward the
lower end of the company's FY18 guidance.

In its analysis of Oz, Fitch uses FEBITDA as a proxy for cash flow,
which consists of management fees, less compensation expenses
(including salary and bonuses estimated to be 25% of management
fees), less operating expenses, plus depreciation and amortization.
The calculation excludes incentive income and incentive-related
compensation, which is approximated based on historical expense
patterns.

Leverage, as defined by gross debt/FEBITDA, was 9.3x for the TTM
ending June 30, 2018, which is well above Fitch's 'bb' category
quantitative leverage benchmark range of 3.0x to 5.0x. Based on
Oz's expense guidance for 2018, its 2Q18 AUM, the WA management fee
rate for 2Q18 and assuming no additional debt issuances or revolver
draws, Fitch expects Oz's leverage to fall within a range of 4.7x
to 12.9x by YE18. Fitch would expect leverage to decline to levels
more commensurate with its rating over time, should it be
successful right-sizing the expense base and expanding AUM.
Negative ratings momentum could result from Oz's leverage being
toward the higher end of the company's guidance for FY18.

Interest coverage was 0.8x on a TTM basis through 2Q18, which is
well below Fitch's 'bb' category quantitative interest coverage
benchmark range of 3.0x to 6.0x. Based on Oz's expense guidance for
2018, its 2Q18 AUM, the WA management fee rate for 2Q18 and
assuming no additional debt issuances or revolver draws, Fitch
expects interest coverage to range from 0.9x to 2.4x for fiscal
2018. This calculation includes one quarter's worth of interest
payments on the company's retired senior unsecured debt. Negative
ratings momentum could result from Oz's interest coverage being
toward the lower end of the company's guidance for FY18.

In April 2018, Oz issued a $250 million senior secured term loan B
and used proceeds from the issuance along with cash on hand to
redeem the company's $400 million senior unsecured notes that were
due in 2019. At June 30, 2018, the balance under the term loan
facility was $200 million. Fitch views the reduction in debt and
the extension of its debt maturity profile favorably, but this is
counterbalanced by reduced financial flexibility as a result of
transitioning from a fully unsecured funding profile to a fully
secured funding profile.

Liquidity is expected to remain adequate. At June 30, 2018, the
company had $184.0 million in unrestricted cash, $100.0 million
available under its revolving credit facility, and $340.3 million
of accrued unrecognized incentive income. Should Oz continue to
make voluntary debt prepayments, Fitch would expect Oz to
eventually operate in a negative net debt position, Fitch would
view this favorably from a liquidity perspective.

The Stable Rating Outlook reflects Oz's strengthened balance sheet
as a result of debt refinancing, improved asset flows, maintenance
of solid investment performance across the platform and a
stabilizing expense base commensurate with fee generation, which
are expected to support improvements in leverage and interest
coverage metrics.

The senior secured debt rating is equalized with Oz's IDR,
reflecting the predominately secured nature of the company's
funding profile and the expectation of average recovery prospects
for the instrument in a stress scenario.

SUBSIDIARY AND AFFILIATED COMPANIES

Oz is a publicly traded holding company, and its primary assets are
ownership interests in the operating group entities (OZ Management
LP, OZ Advisors LP, and OZ Advisors II LP), which earn management
and incentive fees and are indirectly held through two intermediate
holding companies. Oz conducts substantially all of its business
through the operating group entities. The IDRs assigned to OZ
Management LP, OZ Advisors LP, and OZ Advisors II LP are equalized
with the ratings assigned to Oz, reflecting the joint and several
guarantees among the entities.

OZ Management LP serves as the debt-issuing entity for Oz's secured
debt and benefits from joint and several guarantees from the
management and incentive-fee generating operating group entities.

RATING SENSITIVITIES

IDRs AND SENIOR DEBT

Ratings could be downgraded if outflows, fee pressure and/or the
inability to meaningfully reduce expenses translate into sustained
leverage above 5.0x, interest coverage below 3.0x or materially
reduced liquidity resources. Ratings may also be downgraded if
fundraising capability is materially impaired as a result of senior
management changes or if Fitch believes the franchise has
experienced significant reputational damage.

Positive ratings momentum would be conditioned upon improved
fundraising, enhanced AUM diversity, maintenance of investment
performance and continued fee generation, along with expense
reduction at the high end of Oz's guidance. Positive ratings
momentum would also be predicated on sustained leverage below 5.0x
and interest coverage above 3.0x.

Ratings are also sensitive to a change in the ownership of the
preferred securities or a material reduction in common stock
ownership by the preferred unitholders, either of which would
eliminate the current alignment of interests between the investor
classes. Under such a scenario, Fitch would treat the full notional
amount of the preferred securities as debt, reflecting the
cumulative nature of the instrument's dividends and change of
control provisions, with interest rate step-ups and mandatory
redemption terms. Such treatment, which would be consistent with
Fitch's 'Corporate Hybrids Treatment and Notching Criteria' dated
March 2018, would likely have a material adverse impact on Oz's
leverage and ratings.

The senior secured debt rating is equalized with Oz's IDR and,
therefore, would be expected to move in tandem.

SUBSIDIARY AND AFFILIATED COMPANIES

The ratings of OZ Management LP, Oz Advisors LP, Oz Advisors II LP
and Och-Ziff Finance Co. LLC are linked to the IDR of Oz and are,
therefore, expected to move in tandem.

Fitch has affirmed the following ratings:

Och-Ziff Capital Management Group LLC

OZ Advisors LP

OZ Advisors II LP

  -- Long-term IDRs at 'BB-'.

OZ Management LP

  -- Long-term IDR at 'BB-';

  -- Senior secured debt at 'BB-'.

The Rating Outlook is Stable.

Fitch has withdrawn the following ratings:

Och-Ziff Finance Co. LLC

  -- Long-term IDR 'BB-'.


PEN INC: Ronald Berman Holds 7% of CL-A Common Stock as of Oct. 16
------------------------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, Ronald J. Berman disclosed that as of Oct. 16, 2018, he
directly owns 262,292 shares of Class A common stock of PEN Inc.,
which represents seven percent of the shares outstanding.

Mr. Berman is practicing law as a sole practitioner at 800 Village
Square Crossing, Palm Beach Gardens, FL 33410.  Through his
investment in PEN Comeback, LLC, Mr. Berman has an indirect
beneficial interest in 127,118 shares of Class A common stock as
well as a beneficial interest in options to purchase 128,118 shares
of Class A common stock and warrants to purchase 128,118 shares of
Class A common stock.

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

                     https://is.gd/wOWScA

                  About PEN Inc.

Headquartered in Miami, Florida, PEN develops, commercializes and
markets consumer and industrial products enabled by nanotechnology
that solve everyday problems for customers in the optical,
transportation, military, sports and safety industries.  The
Company's primary business is the formulation, marketing and sale
of products enabled by nanotechnology including the ULTRA CLARITY
brand eyeglass cleaner, CLARITY DEFOGIT brand defogging products
and CLARITY ULTRASEAL nanocoating products for glass and ceramics.
The Company also sells an environmentally friendly surface
protector, fortifier, and cleaner.  The Company's design center
conducts product development services for government and private
customers and develops and sells printable inks and pastes, thermal
management materials, and graphene foils and windows.

PEN was formed in 2014, and is the successor to Applied Nanotech
Holdings Inc. that had been formed in 1989.  In the combination
that created PEN, Nanofilm, Ltd. acquired Applied Nanotech
Holdings, Inc.  The Company's principal operating segments coincide
with its different business activities and types of products sold.
This is consistent with the Company's internal reporting
structure.

As of Dec. 31, 2017, Pen Inc. had $2.18 million in total assets,
$3.27 million in total liabilities and a total stockholders'
deficit of $1.09 million.  PEN Inc. incurred a net loss of $687,068
in 2017, compared to a net loss of $556,001 in 2016.

The report from the Company's independent accounting firm Salberg &
Company, P.A., the Company's auditor since 2013, on the
consolidated financial statements for the year ended Dec. 31, 2017,
includes an explanatory paragraph stating that the Company has a
net loss and cash provided by operating activities of $687,068 and
$438,558, respectively, in 2017 and has a working capital deficit,
stockholders' deficit and accumulated deficit of $1,345,095,
$1,096,005 and $6,587,235, respectively, at Dec. 31, 2017.  These
matters raise substantial doubt about the Company's ability to
continue as a going concern.


PEORIA REGIONAL: Plan Outline Okayed, Plan Hearing on Jan. 17
-------------------------------------------------------------
Peoria Regional Medical Center, LLC is now a step closer to
emerging from Chapter 11 protection after a bankruptcy judge
approved the outline of its plan of reorganization.

Judge Scott Gan of the U.S. Bankruptcy Court for the District of
Arizona on Oct. 10 gave the thumbs-up to the disclosure statement
after finding that it contains "adequate information."

Ballots of acceptance or rejection of the plan must be received by
the company at least seven days prior to the hearing on
confirmation of the plan scheduled for Jan. 17, 2019, according to
the Oct. 10 order, which also required creditors to file their
objections at least seven days before the hearing.

               About Peoria Regional Medical Center

Headquartered in Mesa, Arizona, Peoria Regional Medical Center,
LLC, aka Peoria Hospital LLC, owns an unfinished medical center
located at 26320 Lake Pleasant Parkway, Peoria, Arizona.  The
medical center was intended to be the city's first full-service
general acute-care hospital.  The Peoria Building Board of Appeals
had ordered the demolition of the structure indicating that the
structure was an unattractive nuisance and a hazardous building.

Peoria Regional Medical Center filed for Chapter 11 bankruptcy
protection (Bankr. D. Ariz. Case No. 17-11742) on Oct. 4, 2017,
estimating its assets at up to $50,000 and its liabilities at
between $1 million and $10 million.  The petition was signed by
Timothy A. Johns, manager.

Judge Scott H. Gan presides over the case.

Heather Ann Macre, Esq., at Aiken Schenk Hawkins & Ricciardi P.C.,
serves as the Debtor's bankruptcy counsel.

No official committee of unsecured creditors has been appointed in
the Debtor's case.


PHI INC: Moody's Lowers Corp. Family Rating to Caa1, Outlook Neg.
-----------------------------------------------------------------
Moody's Investors Service downgraded PHI, Inc.'s Corporate Family
Rating to Caa1 from B3, its Probability of Default Rating to
Caa1-PD from B3-PD and the rating on its senior notes to Caa2 from
Caa1. Moody's also downgraded PHI's Speculative Grade Liquidity
Rating to SGL-4 from SGL-3. The outlook was changed to negative
from stable. Moody's additionally withdrew the rating assigned on
PHI's proposed senior secured notes offering, which has not yet
been completed after being announced in June 2018.

"These rating actions reflect PHI's high debt levels relative to
cash flow and weak liquidity," commented Amol Joshi, Moody's Vice
President. "While the company's cash flow should gradually improve
from low levels, PHI's liquidity is weak and the company faces
heightened debt refinancing risk with upcoming maturities."

Issuer: PHI, Inc.

Ratings Downgraded:

Corporate Family Rating, Downgraded to Caa1 from B3

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

Senior Unsecured Notes, Downgraded to Caa2 (LGD4) from Caa1 (LGD4)


Speculative Grade Liquidity Rating, Downgraded to SGL-4 from SGL-3


Ratings Withdrawn

Senior Secured Notes at B3 (LGD4)

Outlook Actions:

Outlook, Changed to Negative from Stable

RATINGS RATIONALE

PHI's Caa1 CFR reflects growing risk to the company's business
profile due to high leverage, weak liquidity and heightened
refinancing risk. The rating is challenged by the company's limited
scale within the broader oilfield services industry, concentration
in the Gulf of Mexico (GoM), and its exposure to the volatile
offshore oil and gas industry. While PHI's cash flow should
gradually recover from a low base, it will likely continue to be
weak into 2019. The rating is supported by PHI's business
diversification providing oil and gas transportation and air
medical transportation services, its long-standing customer
relationships with large credit-worthy customers, leading market
share in the GoM and its focus on oil and gas production operations
which typically provide more stable revenues than exploration and
development type activities. On December 29, 2017, PHI acquired HNZ
Group's offshore helicopter services business in New Zealand,
Australia, the Philippines and Papua New Guinea for $131.6 million.
PHI owned roughly 215 helicopters out of its fleet of 241
helicopters at June 30, 2018.

The senior notes due March 2019 are rated Caa2, one notch below
PHI's Caa1 CFR under Moody's Loss Given Default Methodology. The
lower notes rating reflects the priority claim of the $130 million
senior secured term loan that matures in September 2020 and has a
first-lien claim on PHI's accounts receivable and inventory.

PHI's SGL-4 Speculative Grade Liquidity Rating reflects the
company's weak liquidity and the upcoming maturity of its $500
million in senior notes due March 2019. At June 30, 2018, PHI had
$5.9 million in cash and $60.3 million of short term investments.
In September 2018, PHI borrowed $130 million under a senior secured
term loan and used the proceeds to repay approximately $122.7
million of principal and accrued interest under the company's
senior secured revolving credit facility which was terminated in
connection with such repayment, and to cash collateralize
approximately $7.7 million of the company's outstanding letters of
credit. The senior secured term loan has no financial covenants.
The company also maintained a separate letter of credit facility
that had $12.1 million of letters of credit outstanding at June 30.


As of June 30, 2018, PHI had purchase options but had no aircraft
purchase commitments. The company has also funded aircraft through
operating leases. The company had aggregate lease obligations of
$189.8 million as of June 30, of which approximately $22.3 million
is payable through the fourth quarter of 2018. As PHI is obligated
to fulfil such lease obligations, it impacts PHI's profitability as
well as liquidity during weak business conditions.

The negative outlook reflects PHI's deteriorating liquidity and
upcoming debt maturities, as well as the potential for credit
metrics to remain weak due to the challenging operating
environment. The outlook could be changed to stable if the
company's liquidity becomes adequate in a recovering industry
environment. The ratings could be downgraded if liquidity remains
significantly constrained or if PHI's cash flow deteriorates
further. An upgrade could be considered if PHI's debt/EBITDA
improves to below 6x while the company maintains adequate liquidity
and its revenues and EBITDA grow along with improving industry
conditions.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in May 2017.

PHI, Inc. is a Louisiana based provider of helicopter
transportation services primarily to the offshore oil and gas
industry in the Gulf of Mexico. The company also provides air
medical transportation services.


PIERSON LAKES: Adds EONS' Unsecured Claim in 1st Amended Plan
-------------------------------------------------------------
Pierson Lakes Homeowners Association submits its small business
first amended disclosure statement in connection with its first
amended plan of reorganization dated Oct. 16, 2018.

The first amended plan adds the general unsecured claim of EONS
Properties, LLC in Class 5. The Allowed Class 5 Claim of EONS, if
any, will be paid from the proceeds of the Director's and Owner's
Liability Policy. In the event that the Allowed Class 5 Claim of
EONS, if any, is not covered under the D&O policy, payment will
come from the proceeds of a special assessment of the Members and
levied against all Lots situated in Phase I (excepting Lot 12 which
is owned by the Sponsors) in the same proportional increments and
payment terms of Class 4 of the Plan. Class 5 is unimpaired under
the Plan and is not entitled to vote to accept or reject the Plan.

Distributions under the Plan will be funded by the collection of
maintenance dues under authorized budgets approved by the Board,
the Special Plan Assessment, recovery under the D&O Policy and/or
the EONS Assessment, if required.

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

      http://bankrupt.com/misc/nysb18-22463-96.pdf

    About Pierson Lakes Homeowners Association Inc.

Pierson Lakes Homeowners Association, Inc., is a tax-exempt
homeowners association based in Sterlington, New York.

Pierson Lakes Homeowners Association filed a Chapter 11 petition
(Bankr. S.D.N.Y. Case No. 18-22463) on March 27, 2018.  In the
petition signed by Sean Rice, president, the Debtor disclosed
$1.55
million in assets and $3.49 million in liabilities.  The Hon.
Robert D. Drain presides over the case.  Gary M. Kushner, Esq.,
and
Scott D. Simon, Esq., at Goetz Fitzpatrick LLP, serve as
bankruptcy
counsel to the Debtor.


PRESSURE CONTROL: Auto Worlds Buying 6 Ford F550 Trucks for $90K
----------------------------------------------------------------
Pressure Control Specialties, LLC ("PCS"), asks the U.S. Bankruptcy
Court of the Western District of Louisiana to authorize the sale to
Auto World Motors of the following vehicles: (i) 2013 Ford F350,
Truck #8, for $12,000; (ii) 2014 Ford F350, Truck #11, for $15,000;
(iii) 2014 Ford F250, Truck#14, $12,665; (iv) 2016 Ford F250,
Truck#15, for $13,865; (v) 2015 Ford F550, Truck#16, for $18,589;
and (vi) 2015 Ford F550, Truck #17, for $18,483.

The funds derived for the sell of the vehicles will be used to
payoff the existing liens which are less than the current sale
prices and the remaining funds will be used to put toward down
payments for new vehicles.

The liens that will be paid off and are associated with each
vehicle are as follows:

     a. Truck #8 is with Home Bank, the payoff is $14,693

     b. Truck #11 is paid for.

     c. Trucks, #14, #15 #16 and #17 are all with Ford Motor Credit
and the payoffs are as follows:

          i. #14 pay off is $10,951

          ii. #15 pay off is $12,998

          iii. #16 pay off is $17,317

          iv. #17 pay off is $17,255

Total payoff of all the vehicles is $73,212.  The sales price is
$89,602.  The profit will be $16,390 which profit will be used to
put down on the purchase of two vehicles.

The Debtor is also making a request to purchase two new vehicles
and to finance the vehicles.  It has made a deal on a 2018 Dodge
Ram 3500, VIN:#3C63R3GL9JG334908.  The sale price with tax, title
and license is $52,398.  A 2018 Dodge Ram 5500,
VIN#3C7WRNFL0JG110691, with a sales price after tax, title and
license of $66,675.

The Ram 3500 will be finance with Ally Financial with payments
being about $750 per month.  The Ram 5500 will be finance with
Hitachi Capital American Corp. with payments of about $1,000 per
month.  The Ram 5500 is a larger truck and is needed to haul heavy
equipment.

The Debtor believes that a reduction of the fleet of trucks and the
purchase of two new vehicles will save time and money.  It has made
the deals on the purchase of the two new vehicles but the
dealership will not hold the trucks for long.  The Debtor is asking
that the matter be set on an expedited basis of the 23rd of
October, 2018.

The Purchaser:

          AUTO WORLD MOTORS
          343 Landa Ave.
          San Antonio, TX 78237

               About Pressure Control Specialties

Pressure Control Specialties, LLC, is a privately held company in
Pleasanton, Texas that provides equipment rental services.
Pressure Control filed a Chapter 11 petition (Bankr. W.D. La. Case
No. 18-51134) on Sept. 10, 2018.  The petition was signed by
Kenneth W. Crouch, Sr., manager/member.  The case is assigned to
Judge John W. Kolwe.  The Debtor is represented by William C.
Vidrine, Esq. at Vidrine & Vidrine, PLLC.  At the time of filing,
the Debtor had $1,323,098 in total assets and $2,120,557 in total
liabilities.


PRINCETON ALTERNATIVE: T. Anderson Bid to Withdraw Reference Junked
-------------------------------------------------------------------
District Judge Michael A. Shipp denied Defendants' Timothy B.
Anderson and Dinsmore & Shohl, LLP's motion to withdraw reference
of the adversary proceeding captioned MICROBILT CORPORATION, et
al., Plaintiffs, v. TIMOTHY B. ANDERSON, et al., Defendants, Civil
Action No. 18-9894 (MAS) (D.N.J.).

As set forth in 28 U.S.C. section 157(d), the standard for
permissive withdrawal provides: "The district court may withdraw,
in whole or in part, any case or proceeding referred under this
section, on its own motion or on timely motion of any party, for
cause shown." Although the statute does not define "cause shown,"
the Third Circuit has provided the following factors for
consideration: (1) "promoting uniformity in bankruptcy
administration"; (2) "reducing forum shopping and confusion"; (3)
"fostering the economical use of the debtors' and creditors'
resources"; and (4) "expediting the bankruptcy process." In re
Pruitt, 910 F.2d 1160, 1168.

Here, the Court finds Defendants failed to satisfy their burden in
demonstrating cause to withdraw the referral. Defendants merely
recite the Pruitt factors without providing supporting arguments.
Instead, they essentially rearticulate the same argument for each
factor--that granting their Motion to Withdraw Reference will
promote judicial economy because the Court is required to review
the Bankruptcy Court's factual findings and legal conclusions de
novo.

Defendants' argument is not persuasive. As other courts in this
district have found, duplication of judicial effort is insufficient
to demonstrate cause because "Congress contemplated the district
court will have the benefit of the bankruptcy judge's findings of
fact and conclusions of law with respect to matters over which the
bankruptcy court could not enter final judgments." Defendants'
arguments also fail to address how withdrawing the reference will
"promot[e] uniformity in bankruptcy administration," "foster[] the
economical use of the debtors' and creditors' resources," and
"reduc[e] forum shopping and confusion."

Moreover, Defendants' argument that the Court should grant their
motion because Plaintiffs seek a jury trial is also not persuasive.
The Court acknowledges that "a bankruptcy court cannot conduct a
jury trial in a non-core proceeding." That a district court will
ultimately preside over the jury trial is insufficient to
demonstrate cause because "there is no reason why the Bankruptcy
Court may not preside over [the] [A]dversary [P]roceeding and
adjudicate discovery disputes and motions only until such time as
the case is ready for trial." The Court, accordingly, finds
Defendants filed the instant motion prematurely, and instead finds
the more prudent course is for the Bankruptcy Court to preside over
the Adversary Proceeding until such time as the case is ready for
trial.

Because Defendants fail to satisfy their burden in establishing
cause to withdraw the bankruptcy referral, their Motion to Withdraw
Reference is denied without prejudice. Defendants may file a
renewed motion if or when a jury trial becomes necessary.

A copy of the Court's Memorandum Opinion dated Oct. 4, 2018 is
available at https://bit.ly/2CVeNIj from Leagle.com.

MICROBILT CORPORATION, MICROBILT FINANCIAL SERVICES CORPORATION,
PRINCETON ALTERNATIVE FUNDING, LLC, PRINCETON ALTERNATIVE INCOME
FUND, LP & ROSEBUD MANAGEMENT, LLC, Plaintiffs, represented by
GERALD KROVATIN -- gkrovatin@krovatin.com -- KROVATIN KLINGEMAN
LLC.

TIMOTHY B. ANDERSON & DINSMORE & SHOHL LLP, Defendants, represented
by BRIAN J. MOLLOY -- bmolloy@wilentz.com -- WILENTZ GOLDMAN &
SPITZER, PA, MEREDITH FRIEDMAN -- mfriedman@wilentz.com -- Wilentz,
Goldman & Spitzer, P.A. & WILLARD C. SHIH -- wshih@wilentz.com --
WILENTZ, GOLDMAN & SPITZER, PC.
About Princeton Alternative

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

In the petitions signed by John Cook, authorized representative,
PAIF estimated assets of $50 million to $100 million and
liabilities of $1 million to $10 million.  PAF estimated assets of
less than $100,000 and liabilities of $1 million to $10 million.

Sills Cummis & Gross, P.C., is the Debtor's counsel.  Liggett &
Webb, P.A., has been tapped to serve as accountant.

The Debtors tapped JAMS/Hon. Steven Rhodes to provide mediation
services, to take place in New York City.


RENAISSANCE PARTNERS: Inks Compromise with Lakeside
---------------------------------------------------
Renaissance Partners, LLC, and Lakeside Construction, LLC, ask the
Bankruptcy Court to approve a compromise that includes adequate
protection payments and the granting of a junior lien on the
Debtor's immovable property.

Lakeside contends the Debtor owes it $384,956.  The Debtor objected
to the amount and the secured nature of Lakeside's claim.

The Debtor and Lakeside filed competing Chapter 11 plans concerning
the reorganization of the Debtor, and each objected to the other's
Chapter 11 plan.  The competing plans were set for a confirmation
hearing on Oct. 2.

To avoid the risks and uncertainties of litigation, the Debtor and
Lakeside reached a compromise that was summarized in open court on
Oct. 2.  In light of the compromise, the Court deferred
consideration of the plans and claim objection until Nov. 7 to
allow the parties time to memorialize their agreement in writing.

The Debtor and Lakeside have agreed to resolve the claims between
them as follows:

   (a) The Debtor will pay Lakeside $75,000 in three equal
installments.

   (b) The Order approving the Motion will memorialize that
Lakeside has an allowed claim against the Debtor in the prepetition
amount of $385,000 and that its claim is fully secured by the
Lakeside Lien.  The monthly payments will not reduce the $385,000
principal balance owed to Lakeside.

The Debtor also agrees to file a new Plan to provide for the sale
of the Debtor's real estate to a new entity to be owned by David
Groner, one of the principals of the Debtor.

A copy of the Compromise Motion is available at
https://tinyurl.com/yc47mpd8 from PacerMonitor.com at no charge.

                 About Renaissance Partners

Based in New Iberia, Louisiana, Renaissance Partners, LLC, is a
privately-held company that owns a real property located at 1278
School Street, 1230 Main Street, Hackberry, Louisiana, valued by
the company at $1.65 million.

Renaissance Partners sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. La. Case No. 18-50024) on Jan. 9,
2018.  David Groner, member, signed the petition.  

At the time of the filing, the Debtor disclosed $1.92 million in
assets and $2.22 million in liabilities.  

Judge Robert Summerhays presides over the case.  The Debtor hired
Weinstein & St. Germain, LLC, as its legal counsel.



RESOLUTE FOREST: Egan-Jones Hikes Senior Unsecured Ratings to B+
----------------------------------------------------------------
Egan-Jones Ratings Company, on October 15, 2018, upgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Resolute Forest Products Inc. to B+ from B.

Resolute Forest Products Inc. is headquartered in Montreal, Canada.
The company operates in the forest products industry in the United
States, Canada, Mexico, and internationally.




REVOLAR TECHNOLOGY: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Revolar Technology, Inc.
        201 Milwaukee Street, Suite 200
        Denver, CO 80206

Business Description: Revolar Technology, Inc. is a communications
                      equipment manufacturer in Denver, Colorado.

Chapter 11 Petition Date: October 23, 2018

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

Case No.: 18-19234

Debtor's Counsel: Jeffrey S. Brinen, Esq.
                  KUTNER BRINEN, P.C.
                  1660 Lincoln St., Ste. 1850
                  Denver, CO 80264
                  Tel: 303-832-2400
                  Email: jsb@kutnerlaw.com

Total Assets: $732,373

Total Liabilities: $1,246,028

The petition was signed by Steven Charles Bachar, chairman and
CEO.

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/cob18-19234.pdf


RPM HARBOR: Plan Outline Okayed, Plan Hearing on Dec. 13
--------------------------------------------------------
RPM Harbor Services, Inc. is now a step closer to emerging from
Chapter 11 protection after a bankruptcy judge approved the outline
of its plan of reorganization.

Judge Julia Brand of the U.S. Bankruptcy Court for the Central
District of California on Oct. 11 gave the thumbs-up to the
disclosure statement after finding that it contains "adequate
information."

The order set a Nov. 15 deadline for creditors to file their
objections and submit ballots of acceptance or rejection of the
plan.

A court hearing to consider confirmation of the plan is scheduled
for Dec. 13, at 10:00 a.m.

                     About RPM Harbor Services

Based in Long Beach, California, RPM Harbor Services Inc. provides
container delivery to import and export customers in California.

RPM Harbor Services sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 17-14484) on April 12,
2017.  In the petition signed by Shawn Duke, its president, the
Debtor estimated its assets and debt at $1 million to $10 million.

The case is assigned to Judge Julia W. Brand.

Vanessa M. Haberbush, Esq., at Haberbush & Associates LLP, serves
as the Debtor's counsel.

The Official Committee of Unsecured Creditors formed in the case
retained Levene, Neale, Bender, Yoo & Brill, LLP, as counsel; and
CohnReznick LLP, as financial advisor.


SAMUELS JEWELERS: Brilliant Buying HEB Leases & FF&E for $300K
--------------------------------------------------------------
Samuels Jewelers, Inc., asks the U.S. Bankruptcy Court for the
District of Delaware to authorize the assumption, assignment and
sale of certain of the Debtor's leases ("HEB Leases") and related
furniture, fixture and equipment, pursuant to the terms of its
Assumption and Assignment Agreement, with Brilliant Fire, LLC,
dated Oct. 2, 2018, for $300,000.

The HEB Leases relate to stores of the Debtor located within an
H-E-B supermarket.  Each of the stores is located in Texas.  The
Debtor entered into the HEB Leases in late 2017.  The HEB Leases
run through Dec. 31, 2022.  Performance at the HEB Lease store
locations has generally failed to meet the Debtor's expectations.
These locations have yet to become profitable, and the costs and
other obligations associated with them exceed (and have exceeded)
any value they are (and have been) providing to the Debtor.  The
HEB Lease store locations are not the subject of the Consulting
Agreement, pursuant to which the Debtor's excess inventory is being
sold.

Pursuant to the Assignment and Sale Agreement, the Debtor is asking
to assume, assign and sell the Assets to the Buyer for the agreed
purchase price.  The Sale will not only provide the estate with the
benefit of the purchase price but also will eliminate the ongoing
costs, including rent payments, and other obligations associated
with the HEB Leases, which costs and obligations the Debtor
believes significantly outweigh any benefit these locations are
providing to the estate.

In particular, these stores are not the subject of the consulting
agreement dated as of June 30, 2018, by and between the Debtor and
a contractual joint venture comprised of Gordon Brothers Retail
Partners and Hilco Merchant Resources, LLC, pursuant to which the
Debtor's excess inventory is being sold.  In addition, sales out of
these locations have been well below expectations.  Finally, the
Debtor has been and is committed to continue working with its key
creditor constituencies to ensure their support of the Sale.

The principal terms of the Assignment and Sale Agreement are:

     a. Seller: Samuels Jewelers, Inc.

     b. Buyer: Brilliant Fire, LLC

     c. Assets: Subject to the terms and conditions of the
Assignment and Sale Agreement, the Seller agrees to sell, transfer
and convey all of the Seller's right, title and interest in and to
the Seller's real property leases and the FF&E associated with each
of those leases.  The Assets expressly do not include point of sale
equipment or inventory.

     d. Consideration: The purchase price for the Assets is
$300,000.  Further, the Assignment and Sale Agreement imposes on
the Buyer certain obligations, including, but not limited to, the
Seller's obligations under each lease related to accrued but
unbilled adjustments for: common area maintenance, utilities, real
estate taxes, insurance and other expenses.  The Debtor will remain
responsible for cure amounts associated with the HEB Leases.

A copy of the Agreement attached to the Motion is available for
free at:

   http://bankrupt.com/misc/Samuels_Jewelers_299_Sales.pdf

The Debtor asks approval to sell the Assets free and clear of any
and all liens, claims and other interests, except for the Assumed
Liabilities.

The assumption and assignment of the HEB Leases will benefit the
estate because such assumption and assignment is the primary
component of the Assignment and Sale Agreement.  Additionally, the
Buyer has agreed under the Assignment and Sale Agreement to provide
adequate assurance of future performance regarding the assigned HEB
Leases to each of the non-Debtor counterparties as soon as possible
and, to the extent necessary, will demonstrate adequate assurance
of future performance at the Sale Hearing.  The assumption and
assignment of the HEB Leases should therefore be approved.

The Debtor is filing a schedule of cure obligations.  It proposes
that any objections to the Cure Costs set forth on such schedule or
otherwise to the assumption and assignment of the HEB Leases must
be filed no later than Oct. 17, 2018 at 4:00 p.m. (ET).
Contemporaneously with the filing of this motion, the Debtor filed
a motion to shorten the notice period set forth in Bankruptcy Rule
2002(a) and certain related deadlines, including the deadline for
objecting to approval of the proposed Sale.  In the Motion to
Shorten, the Debtor asks that the deadline for objecting to
approval of the Sale be set for 4:00 p.m. (ET) on Oct. 17, 2018.

Prior to filing the case, the Debtor entertained an offer from the
Buyer to purchase the Assets; however, the parties were unable to
reach a formal agreement prior to the commencement of the Debtor's
chapter 11 case.  Prepetition interest in the Assets was otherwise
limited.  Following the Petition Date, the Debtor, with the
assistance of its investment banker, SSG Advisors, LLC, continued
discussions with the Buyer.  Additionally, SSG reached out to a
number of additional parties to inquire whether any would be
interested in purchasing the Assets.  Ultimately, interest in the
Assets remained limited, and only the Buyer provided a firm offer.


Given these efforts, the Debtor believes the Sale of the Assets to
the Buyer best maximizes the value of the Assets under the
circumstances and is in the best interest of the estate.

The Debtor asks that, upon entry of the Sale Order, the Court
waives the 14-day stay requirements of Bankruptcy Rules 6004(h) and
6006(d) to allow any Sale to close as soon as possible and prevent
further delay in the administration of the case.

A hearing on the Motion is set for Oct. 22, 2018 at 11:00 a.m.
(ET).  The objection deadline is Oct. 17, 2018 at 4:00 p.m. (ET).

                      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 filed for Chapter 11 protection (Bankr. D. Del.
Lead Case No. 18-11818) on Aug. 7, 2018.  In the petition signed by
CEO Farhad K. Wadia, Samuels Jewelers estimated assets of $100
million to $500 million and  liabilities of $100 million to $500
million.

Jones Day and Richards, Layton & Finger, P.A., serve as counsel to
the Debtor.  Berkeley Research Group, LLC, acts as financial
advisor, SSG Advisors, LLC, is the investment banker, and Prime
Clerk LLC serves as claims and noticing agent to the Debtor.

On Aug. 16, 2018, the U.S. Trustee appointed a seven-member panel
to serve as the Official Committee of Unsecured Creditors in the
Debtors' cases.


SANDIA TOBACCO: Court Partly Grants Bid for Summary Judgment
------------------------------------------------------------
Bankruptcy Judge Robert H. Jacobvitz addressed the cross-motions
for summary judgment on Debtor Sandia Tobacco Manufacturers, Inc.'s
objection to the United States Department of Agriculture's proof of
claim. Upon consideration, the Debtor's and USDA's cross-motions
for summary judgment are each denied in part and granted in part.

Debtor manufactured cigarettes, cigars, and other tobacco products.
As a tobacco manufacturer, Debtor is subject to the federal Fair
and Equitable Tobacco Reform Act of 2004 ("FETRA"). Under FETRA,
the Debtor was subject to assessments starting in 2004 to fund the
USDA's payments to stabilize the tobacco industry as tobacco
farmers transitioned to the free market. If the assessments are
"excise taxes" under FETRA the amount due is entitled to priority
status under 11 U.S.C section 507(a)(8)(E). The Debtor objects to
the USDA's proof of claim on the basis that the FETRA assessments
are not excise taxes and therefore give rise to a non-priority
unsecured claim under section 507(a)(8)(E). The USDA does not agree
and asks the Court to find that the claim is entitled to priority
status.

The issues presented in the cross-motions for summary judgment can
be distilled to the following: (1) whether the FETRA assessments
are excise taxes or regulatory fees; (2) if the FETRA assessments
are not regulatory fees, whether the assessments should be
characterized as excise taxes or customs duties; and (3) if the
FETRA assessments are excise taxes, when the taxed transactions
occurred.

The Debtor's and USDA's cross-motions for summary judgment are each
denied in part and granted in part. The Court holds that the FETRA
assessments set forth in the invoices issued from December 2013
through December 2014 (but excluding the tax on transactions
occurring from July 1, 2013 to September 15, 2013), excluding
interest, are excise taxes entitled to priority status under
section 507(a)(8)(E). By the Court's calculation, this would result
in a priority claim of $1,125,727.35 plus the portion of the
December 2013 quarterly assessment invoice to the extent it imposes
a tax on transactions occurring after September 15, 2013. The Court
denies summary judgment regarding the USDA's claim that interest
accrual is entitled to priority status. Any other claim arising
from the FETRA assessments on transactions occurring prior to Sept.
16, 2013 is a non-priority, unsecured claim in the bankruptcy case.
Because the evidence before the Court is insufficient to establish
the entire amount of the USDA priority claim, the Court will set
this matter for further hearing.

A full-text copy of the Court's Memorandum Opinion dated Oct. 12,
2018 is available at https://bit.ly/2R21gl2 from Leagle.com.

Sandia Tobacco Manufacturers, Inc., a New Mexico Domestic Profit,
Debtor, represented by William F. Davis, Joel Alan Gaffney, William
F. Davis & Assoc., P.C., Nephi D. Hardman, William F. Davis &
Assoc., P.C. & Richard Rudy Marquez .

United States Trustee, U.S. Trustee, represented by Leonard K.
Martinez-Metzgar, Office of the U.S. Trustee.

Based in Albuquerque, NM, Sandia Tobacco Manufacturers, Inc. filed
for chapter 11 bankruptcy protection (Bankr. D.N.M. Case No.
16-12335) on Sept. 19, 2016, listing its total assets at $390,339 d
total liabilities at $9.73 million. The petition was signed by
Donna E. Woody, vice president/secretary.


SERVICOM CANADA: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: ServiCom Canada Limited
        25 Independence Blvd., Suite 103
        Warren, NJ 07059

Business Description: ServiCom Canada Limited provides a
                      comprehensive suite of call center
                      outsourcing services.  An order has been
                      entered in the Debtor's case directing the
                      procedural consolidation and joint
                      administration of the Chapter 11 cases of
                      JNET Communications LLC and its affiliates
                      under the bankruptcy case of ServiCom LLC
                      Case No. 18-31722.

Chapter 11 Petition Date: October 23, 2018

Court: United States Bankruptcy Court
       District of Connecticut (New Haven)

Case No.: 18-31734

Judge: Hon. Ann M. Nevins

Debtor's Counsel: James Berman, Esq.
                  ZEISLER & ZEISLER, P.C.
                  10 Middle Street, 15th Floor
                  Bridgeport, CT 06604
                  Tel: (203) 368-4234
                  Email: jberman@zeislaw.com

                    - and -

                  Eric A. Henzy, Esq.
                  ZEISLER & ZEISLER, P.C.
                  10 Middle Street, 15th Floor
                  P.O. Box 1220
                  Bridgeport, CT 06604
                  Tel: 203-368-4234
                  Fax: 203-549-0861
                  Email: ehenzy@zeislaw.com

                    - and -

                  Stephen M. Kindseth, Esq.
                  ZEISLER & ZEISLER, P.C.
                  10 Middle Street, 15th Floor
                  Bridgeport, CT 06604
                  Tel: (203) 368-4234
                  Fax: 203-367-9678
                  Email: skindseth@zeislaw.com

                    - and -

                  Patrick R. Linsey, Esq.
                  ZEISLER & ZEISLER, P.C.
                  10 Middle Street, 15th Floor
                  Bridgeport, CT 06604
                  Tel: 203-368-4234
                  Fax: 203-594-0424
                  Email: plinsey@zeislaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Jefferson, president.

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/ctb18-31734.pdf


SHEFA LLC: Ruling Granting Summary Disposition to X. Gong Affirmed
------------------------------------------------------------------
In the case captioned SHEFA, LLC,
Plaintiff/Counterdefendant-Appellant, v. XIAO HUA GONG,
Defendant/Counterplaintiff-Appellee, and EDWARD HOTEL DETROIT, LLC,
Defendant, No. 337629 (Mich. App.), Shefa, LLC, appeals as of right
the trial court's order granting summary disposition in favor of
defendant Xiao Hua Gong. The Michigan Court of Appeals affirms the
decision.

In this case, plaintiff claims that defendant wrongfully terminated
their Purchase Agreement to purchase real property. Plaintiff also
claims that defendant failed to fulfill his obligations under the
aforementioned agreement. Accordingly, plaintiff believes that it
should retain the $500,000 earnest money deposit made by
defendant.

The trial court granted defendant's motion for summary disposition
because it determined that plaintiff breached the Agreement instead
of defendant. Aside from any breach, the court also ruled that
defendant was entitled to a return of the $500,000 because he was
within his contractual right to cancel the Agreement due to not
being satisfied with the title commitment.

On appeal, plaintiff argues that the trial court erred when it
granted defendant's motion for summary disposition. The Court
disagrees.

At the outset, the Court agrees with defendant that regardless of
plaintiff's raised issues, plaintiff is barred from appellate
relief because it failed to challenge all the reasons for the trial
court's grant of summary disposition.
Here, defendant moved for summary disposition and argued that he
should be able to recoup his $500,000 earnest money deposit on four
grounds: (1) plaintiff breached representations in the Agreement,
(2) plaintiff impermissibly sought to impose additional conditions
on defendant, (3) the title insurance was not satisfactory to
defendant, and (4) plaintiff could not convey title to property
free and clear of all liens and mortgages. The trial court
expressly rejected defendant's view that plaintiff breached any
representations in the Agreement, but the court ruled that
defendant was entitled to summary disposition on the second and
third grounds. As a result, the trial court granted defendant's
motion for summary disposition on the basis that defendant could
cancel the agreement due to not being satisfied with the title
commitment and on the independent basis that plaintiff was imposing
other conditions that were not present in the Agreement by
requiring defendant "to sign mortgages, sign warranty deeds, and
everything that was later included in the bankruptcy plan." While
plaintiff addresses the first basis of the court's decision,
plaintiff does not address the second basis. Therefore, because
that was an essential part of the trial court's judgment, plaintiff
is precluded from appellate relief.

Plaintiff first contends that the trial court erred because
defendant was the first to breach the contract, thereby rendering
him unable to sustain any claim of his own for breach of contract.
But, while defendant technically breached the Agreement first, it
was not a material breach; therefore, the trial court correctly
determined that defendant was not barred from pursuing his claim.

Plaintiff next asserts that the trial court erred when it granted
defendant's motion for summary disposition because defendant waived
his right to claim any dissatisfaction with the title commitment
and further erred when it granted the motion before the close of
discovery.

Plaintiff has not shown how the trial court erred when it failed to
sua sponte rule that defendant waived his right to claim any
dissatisfaction with the title commitment. At the trial court,
plaintiff responded to defendant's motion for summary disposition
and argued that (1) defendant could not succeed in any breach of
contract claim because he was first to breach the Agreement by
failing to timely order the title commitment, (2) there were no
misrepresentations because the Agreement fully disclosed the
bankruptcy proceedings, and (3) the bankruptcy proceedings did not
prevent the sale of the property or the issuance of title
insurance. Notably, with respect to defendant's view that he was
free to terminate the agreement on the basis of being dissatisfied
with the title commitment, plaintiff never argued that defendant
waived his right to lodge any such objections, and the trial court
did not make any express rulings related to waiver.

A full-text copy of the Court's Ruling dated Oct. 4, 2018 is
available at https://bit.ly/2J5I6b9 from Leagle.com.

TROY OTTO, for SHEFA LLC, Plaintiff-Counter-Defendant-Appellant.

JOANNE GEHA SWANSON, for XIAO HUA GONG,
Defendant-Counter-Plaintiff-Appellee.

Based in Southfield, Miami, Shefa, LLC filed for chapter 11
bankruptcy protection (Bankr. E.D. Mich. Case No. 14-42812) on
Feb.
25, 2014, with estimated assets of $500,000 to $1 million and
estimated liabilities of $1 million to $10 million. The petition
was signed by Sidney Elhadad, principal.


SIDELINE 96TH STREET: Case Summary & 3 Unsecured Creditors
----------------------------------------------------------
Debtor: Sideline 96th Street, LLC
        7346 Glenview Dr. E
        Indianapolis, IN 46250

Business Description: Sideline 96th Street, LLC is the fee simple
                      owner of a commercial retail strip mall
                      valued by the company at $1.6 million.

Chapter 11 Petition Date: October 23, 2018

Court: United States Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Case No.: 18-08111

Judge: Hon. Jeffrey J. Graham

Debtor's Counsel: Christopher J. McElwee, Esq.
                  MONDAY RODEHEFFER JONES & ALBRIGHT
                  1915 Broad Ripple Ave.
                  Indianapolis, IN 46220
                  Tel: 317-251-1929
                  Fax: 317-251-1941
                  Email: cmcelwee@mrjalaw.com

Total Assets: $1,600,000

Total Liabilities: $2,050,000

The petition was signed by James A Siegel, authorized member.

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

            http://bankrupt.com/misc/insb18-08111.pdf


SKYLINE RIDGE: Athansiou Buying Tucson Property for $300K
---------------------------------------------------------
Skyline Ridge, LLC, asks the U.S. Bankruptcy Court for the District
of Arizona to authorize the sale outside the ordinary course of
business of the vacant residenial lot located at 5172 E Calle
Brillante, Tucson, Arizona, Pima County Tax Parcel No. 109-03-7350,
to  Stavrous Athansiou for $300,000.

The Debtor is the owner of the Real Property.  It executed an
Exclusive Right-to-Sell Listing Agreement with a licensed real
estate agent, Sue Hill and Long Realty, as licensed real estate
broker.  

The Buyer and the Debtor have executed their Vacant Land/Lot
Purchase Contract for the sale of the Real Property.  An escrow is
being opened today at Stewart Title but the Debtor has not yet
received a preliminary title report.  However, Stewart Title did
prepare the preliminary version of ALTA Settlement Statement -
Combined, dated Oct. 3, 2018.

The Listing Agreement executed by the Debtor called for the Realtor
to be paid 6% of the sale price as commission on the sale of The
Real Property.  The Debtor asks that the Order approving the sale
also provided for the Realtor to be paid 6% of the sale price, or
approximately $7,200, from the sale proceeds.  The Realtor may
cause such commission to be split between the Realtor and the
buyers' agent, as is consistent with their own contractual
obligations.

The property is subject to only one note and deed of trust held by
Northern Trust Bank ("NTB").  The sale price is well above the
parameters of the release price that the Debtor had requested that
NTB agree to for the property, upon which Debtor never obtained a
response from NTB.  The Debtor believes that NTB will consent to
the sale.

The Purchase Contract calls for a due diligence period of 15 days
from the "Date of Acceptance of Contract" by the Seller.  Because
the purchase contract is dependent upon financing, the Buyer will
not be able to close the transaction until Dec. 18, 2018, or
shortly thereafter -- which is a timeline set by the Buyer's
financial institution.

The Debtor also asks authority from the Court to pay the costs of
sale that would normally be borne by a seller in a transaction like
the sale of the Real Property, including but not limited to title
insurance, title company fees, and the like.  

While Debtor and NTB disagree as to whether NTB is sufficiently
oversecured, NTB has filed pleadings that acknowledge that NTB is
an oversecured creditor.  However, Debtor asserts that the Court
can approve the sale of the Real Property solely because NTB will
benefit entirely from the sale.  Stated differently, the Debtor
asserts that NTB's Equity Cushion will increase as a result of sale
of the Real Property.

There are some real property taxes owed on the Real Property, but
there are no homeowner's association dues, as the Real Property is
not within the boundary of any nearby HOA.  Based upon Stewart
Title's preliminary version of the Seller's Closing Statement, the
Debtor anticipates that NTB will receive approximately $97,000 from
the closing of the transaction.

Every sale by the Debtor benefits the body of creditors.  The
Debtor's two previous sales that have already closed escrow have
yielded debt reduction payments of $344,000, and there is another
sale for $170,000 set for approval on Oct. 3, 2018.  In addition to
this sale, one is set for approval tomorrow, and if approved would
close within the month of October.  There is another property that
is in the process of being sold for net sale proceeds to NTB, if
approved, of $650,000.  And, filed contemporaneously with the
Motion, there is a motion for the sale of the small residential lot
located in Skyline Country Club, on Calle Brillante, for a sale
price of $120,000.  Once all these have closed escrow, the Debtor
anticipates that the NTB balance due will then be less than six
figures.

Finally, the Debtor asks the Court to authorize it to pay the
remaining sale proceeds to The Northern Trust Co., doing business
as Northern Trust Bank.

A copy of the Contract attached to the Motion is available for free
at:

  http://bankrupt.com/misc/Skyline_Ridge_175_Sales.pdf

                       About Skyline Ridge

Based in Tucson, Arizona, Skyline Ridge, LLC, is an Arizona limited
liability company categorized under residential contractor.
Skyline Ridge filed for chapter 11 bankruptcy protection (Bankr. D.
Ariz. Case No. 18-01908) on March 1, 2018.

In the petition signed by Ahmad Zarifi, managing member and sole
owner, the Debtor estimated assets at $1 million to $10 million and
estimated liabilities at $1 million to $10 million.

The Court appointed Sue Hill as the Debtor's licensed real and
estate agent, and Long Realty, as the licensed real estate broker.


SKYLINE RIDGE: TST Coronado Buying Tucson Property for $320K
------------------------------------------------------------
Skyline Ridge, LLC, asks the U.S. Bankruptcy Court for the District
of Arizona to authorize the sale of the three vacant residential
lots located in Tucson, Arizona, near Sundown (south of Sunrise,
West of Craycroft and East of Swan Road), Pima County Tax Parcel
Nos. 109-11-356A, 109-11-356B and 109-11-357C, to TST Coronado
Development, LLC for $320,000.

The Debtor is the owner of the Real Property.  It executed an
Exclusive Right-to-Sell Listing Agreement with a licensed real
estate agent, Sue Hill and Long Realty, as licensed real estate
broker.

The Debtor has executed its Vacant Land/Lot Purchase Contract with
the Buyer for the sale of the Real Property.  The Purchase Contract
requires Debtor to obtain permission from Pima County to combine
the three lots into two lots, and such combination would then make
each one of those lots buildable as a residential property.  That
document is entitled a "Minor Land Subdivision Permit," as
referenced on page 8, lines 350-351; it is anticipated that such
Permit will be obtained well before the closing date.

The Purchase Contract is for $320,000.  An escrow has been opened
at Stewart Title but the Debtor has not yet received a preliminary
title report.  Although it is not likely that Exhibit 3 is entirely
accurate (because it is based upon preliminary information),
Exhibit 3's estimate of the net sale proceeds to be paid to NTB of
$265,000 is likely to be reasonably close to the final disbursement
at close of escrow.

The Listing Agreement executed by the Debtor called for the Realtor
to be paid 6% of the sale price as commission on the sale of The
Real Property.  It asks the Order approving the sale also provides
for the Realtor to be paid 6% of the sale price, or approximately
$19,200, from the sale proceeds.  The Realtor may cause such
commission to be split between the Realtor and the buyers' agent,
as is consistent with their own contractual obligations.

The Property is subject to only one note and deed of trust held by
Northern Trust Bank ("NTB").  The sale price is well above the
parameters of the release price that the Debtor had requested that
NTB agree to for the property, upon which Debtor never obtained a
response from NTB.  The Debtor believes that NTB will consent to
the sale.

The Purchase Contract calls for a due diligence period of 15 days
from the "Date of Acceptance of Contract" by the Seller.  Because
the purchase contract is dependent upon financing, the Buyer will
not be able to close the transaction until Jan. 1, 2019, or shortly
thereafter -- which is a timeline set by the Buyer's financial
institution.

The Debtor also asks authority from the Court to pay the costs of
sale that would normally be borne by a seller in a transaction like
the sale of The Real Property, including but not limited to title
insurance, title company fees, and the like.

While Debtor and NTB disagree as to whether NTB is sufficiently
oversecured, NTB has filed pleadings that acknowledge that NTB is
an oversecured creditor.  However, Debtor asserts that the Court
can approve the sale of the Real Property solely because NTB will
benefit entirely from the sale.  Stated differently, Debtor asserts
that NTB's Equity Cushion will increase as a result of sale of the
Real Property.

As a prerequisite to closing escrow, the Buyer asked that the
Debtor process all of the paperwork in order to obtain a permit
from Pima County Development Services for a "Minor Land Subdivision
Permit" for the Real Property, and that task has been commenced and
should be completed to the satisfaction of the prospective
purchaser long before closing.

There are substantial real property taxes owed on the Real
Property, but there are no homeowner's association dues, as the
Real Property is not within the boundary of any nearby HOA.

The Debtor anticipates that NTB will receive in approximately
$265,000 from the closing of this transaction, unless of course it
has already been paid in full by the time of the closing.

Every sale by the Debtor benefits the body of creditors.  But each
sale also reduces Skyline's total debt, and most importantly a
reduction in total debt causes a linear reduction in the monthly
debt service.  Its previous sale of the property at 10085 Alder
Ridge that already closed escrow paid down NTB's debt by about
$100,000.  There is another sale that will yield $131,000 at close
of escrow; that sale was orally approved from the bench on Oct. 3,
2018, and a form of order was lodged with the Court today.  There
is another property that is in the process of being sold for net
sale proceeds to NTB, if approved, of $650,000.  The Debtor also
filed a motion for the sale of the small residential lot located in
Skyline Country Club, on Calle Brillante, for a sale price of
$120,000, and a net of about $97,000.  Once all these have closed
escrow, the Debtor anticipates that the NTB balance due will then
be less than $150,000.

Finally, the Debtor asks the Court to authorize it to pay the
remaining sale proceeds to The Northern Trust Co., doing business
as Northern Trust Bank.

A copy of the Contract and the Exhibit 3 attached to the Motion is
available for free at:

  http://bankrupt.com/misc/Skyline_Ridge_177_Sales.pdf

                       About Skyline Ridge

Based in Tucson, Arizona, Skyline Ridge, LLC, is an Arizona limited
liability company categorized under residential contractor.
Skyline Ridge filed for chapter 11 bankruptcy protection (Bankr. D.
Ariz. Case No. 18-01908) on March 1, 2018.

In the petition signed by Ahmad Zarifi, managing member and sole
owner, the Debtor estimated assets at $1 million to $10 million and
estimated liabilities at $1 million to $10 million.

The Court appointed Sue Hill as the Debtor's licensed real and
estate agent, and Long Realty, as the licensed real estate broker,
and Sue Hill and Long Realty, as the realtor.


SOURCINGPARTNER: Unsecured May Get 6% Dividend Under Exit Plan
--------------------------------------------------------------
Sourcingpartner, Inc. on Oct. 11 filed with the U.S. Bankruptcy
Court for the Eastern District of Texas its proposed plan to exit
Chapter 11 protection.

Under the proposed reorganization plan, creditors holding Class 5
general unsecured claims will receive a quarterly cash payment over
four years.  The initial quarterly payment will be made on the
effective date.

Each creditor will get a pro rata share of the amount available in
the "unsecured claim distribution fund" for each quarter.  Each
quarterly unsecured claim distribution fund will equal one-fourth
of the amount to be paid each year under the plan.  The amounts to
be paid are as follows: $20,000 for 2019; $50,000 for 2020; $60,000
for 2021; and $70,000 for 2022.  Sourcingpartner estimates that
these distributions will pay a total dividend of approximately 4.5%
of the Class 5 claims (as of September 30, 2018) over four years
before any adjustment in the overall claims amount based on claims
objections and negotiations between the company and certain general
unsecured creditors.

The estimated amount of Class 5 claims is $4,398,891.68 (before
adjustments, if any) including the unsecured claim of First United
Bank under a settlement agreement and any reductions for Class 6
claims.  Sourcingpartner believes that ultimately creditors holding
allowed Class 5 claims will receive closer to a dividend of 6% or
perhaps greater after conclusion of the claims objection process
and negotiations with various creditors.

Class 5 is impaired and, therefore, holders of Class 5 claims are
entitled to vote on the plan.

Meanwhile, creditors that hold an allowed general unsecured claim
in the amount of $1,000 or less, or that hold more than $1,000 in
allowed general unsecured claim but have agreed to reduce the
amount to $1,000 are classified in Class 6.  

Each Class 6 creditor will be paid 20% of its claim on or before
the effective date of the plan.  The total amount based on
Sourcingpartner's schedules and filed claims as of Sept. 30, 2018
is $6,767.49.  The company cannot estimate the amount, if any, of
additional general unsecured creditors that may vote to reduce
their claims to $1,000 and participate in Class 6.

Class 6 is impaired and, therefore, Class 6 creditors are entitled
to vote on the plan.

Sourcingpartner will continue to operate its business.  The
company's management believes that its continued operations and the
revolving line of credit from First United will provide, over a 48
month period, the cash flow necessary to pay all pre-bankruptcy
creditors, according to the company's disclosure statement filed on
Oct. 11.

A copy of the disclosure statement is available for free at:

     http://bankrupt.com/misc/txeb17-42777-83.pdf

                    About Sourcingpartner Inc.

Sourcingpartner, Inc., based in McKinney, Texas, is in the
stationery and office supplies industry.  It is a small business
debtor as defined in 11 U.S.C. Section 101(51D).

Sourcingpartner sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tex. Case No. 17-42777) on Dec. 17,
2017.  In the petition signed by CEO Philip J. Leckinger, the
Debtor estimated assets of less than $500,000 and liabilities of $1
million to $10 million. Judge Brenda T. Rhoades presides over the
case.  The Harvey Law Firm, P.C., is the Debtor's legal counsel.


SOUTHERN GRAPHICS: S&P Lowers ICR to 'B-', Outlook Stable
---------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
Southern Graphics Inc. to 'B-' from 'B'. The outlook is stable.

S&P said, "At the same time, we lowered our issue-level rating on
the company's senior secured first-lien credit facility, which
consists of a $75 million revolver and a $573.8 million first-lien
term-loan, to 'B-' from 'B'. The '3' recovery rating is unchanged
and indicates our expectation for meaningful (50%-70%; rounded
estimate: 60%) recovery of principal in the event of a payment
default.

"We also lowered our issue-level rating to 'CCC' from 'CCC+' on the
company's $105 million senior secured second-lien term loan. The
'6' recovery rating is unchanged and indicates our expectation for
negligible recovery (0%-10%; rounded estimate: 5%) in the event of
a payment default.

"The downgrade reflects our expectation that Southern Graphics'
leverage will remain elevated over the next 12 months due to
continued pressure on the company's core image carrier business
(about 80% of total revenue), especially as large consumer packaged
goods (CPG) companies continue to spend less on marketing, exerting
pricing pressure on Southern Graphics. The rating incorporates our
expectations for volume improvement in 2019 driven by the FDA's new
labelling guidelines that will go into effect Jan. 1, 2020. This
will positively benefit food and beverage (F&B) product packaging,
which currently represents about 20% of the total core image
carrier business. The volume improvement that we expect in 2019 is
a key factor in the company's ability to improve its cash flow
generation in 2019.

"The stable outlook reflects our view that the company will
continue to face pricing pressure in its core image-carrier
business segment while benefiting from a volume increase in 2019
from the FDA's new labelling requirement set to go into effect Jan.
1, 2020. The outlook also reflects our expectation for cash flow
generation in 2019 to be sufficient to cover all fixed charges with
FOCF to debt of at least 2%.

"We could lower our rating if the expected volume increase we
expect does not materialize in 2019 and the company's core image
carrier business declines faster than we forecast. We believe this
could constrain the company's ability to generate sufficient FOCF
to meet its mandatory $5 million amortization charges, thereby
requiring the company to draw on its revolving credit facility to
meet its fixed charges. Additional borrowing needs could pressure
the covenant cushion of compliance, constrain the company's
liquidity, and limit its ability to sustain its current capital
structure.

"Although unlikely over the next year, we could raise the rating if
adjusted leverage declines and remains in the mid-5.0x range and
FOCF to debt grows and remains above 5% on a sustained basis. This
could occur if the company is able to grow its digital and adaptive
design business at an accelerated rate and/or its core
image-carrier business is able to stem the pricing pressure slowing
down the rate of organic revenue decline from the segment. Given
the financial ownership structure, any upgrade scenario would
require a commitment to debt reduction and a less aggressive
financial policy."


STEELFUSION CLINICAL: Case Summary & 18 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: SteelFusion Clinical Toxicology Laboratory, LLC
        1103 Donner Ave
        Monessen, PA 15062-1058

Business Description: SteelFusion Clinical Toxicology Laboratory
                      is a medical laboratory in Monessen,
                      Pennsylvania that provides forensic and
                      clinical toxicology laboratory services.

Chapter 11 Petition Date: October 23, 2018

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Pittsburgh)

Case No.: 18-24112

Debtor's Counsel: Robert H. Slone, Esq.
                  MAHADY & MAHADY
                  223 South Maple Avenue
                  Greensburg, PA 15601
                  Tel: 724-834-2990
                  Email: robertslone223@gmail.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Amy J. Reisinger, president.

A copy of the Debtor's list of 18 unsecured creditors is available
for free at:

     http://bankrupt.com/misc/pawb18-24112_creditors.pdf

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

        http://bankrupt.com/misc/pawb18-24112.pdf


SUMMIT FINANCIAL: To Pay Unsecs. from Loan Portfolio Sale Proceeds
------------------------------------------------------------------
Summit Financial Corp. submits a disclosure statement in support of
its chapter 11 plan dated Oct. 12, 2018.

Class 3 under the plan consists of the Allowed General Unsecured
Claims. The Debtor estimates the aggregate amount of Allowed Class
3 Claims is $30,546,381.83. Allowed Class 3 Claim will be satisfied
as follows: (i) first, by payment of the Class 3 Carveout (or
Surcharge), on a pro-rata basis to all Holders of Allowed Class 3
Claims, except for any Guarantors, who will not participate in any
Class 3 Carveout (or Surcharge); and (ii) by the excess proceeds of
the Sale of the Loan Portfolio, for which each holder of an Allowed
Unsecured Claim will be paid on a pro rata basis with the other
holders of Allowed Unsecured Claims in this Class 3. Holders of
Allowed Class 3 Claims will be entitled to a fourth priority
position with respect to any Sale Proceeds. Holders of Allowed
Class 3 Claims will also be entitled to any proceeds from
Non-Released Avoidance Actions and Non-Released Other Claims, on a
pro rata basis with the other holders of Allowed Class 3 Claims.

The Plan will be implemented through a sale of the Collateral, by
either an auction sale or such other public sale or private sale
free and clear of any and all liens, claims and encumbrances, with
such liens, claims and encumbrances attaching to the Sale Proceeds,
in each case subject to the prior consent of the ABL Agent. The bid
procedures for an Auction of the Loan Portfolio will be approved by
the Court prior to Confirmation of the Plan. Any purchaser will be
deemed a good faith purchaser. The Sale of the Collateral will take
place (and will be consummated and closed) on the Effective Date of
the Plan, unless otherwise agreed in writing by the Debtor and the
ABL Agent.

In the Debtor's discretion, and only with the written approval of
the ABL Agent, the Debtor may sell all or part of its Loan
Portfolio pursuant to the Sale.

In the event that the Debtor, with the consent of the ABL Agent,
and after consultation with the Committee, determines a winning bid
at the Auction, the Sale of the Collateral to the winning bidder
will be consummated no later than 15 days after entry of an order
of the Court approving the Sale, unless otherwise agreed in writing
by the Debtor and the ABL Agent.

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

      http://bankrupt.com/misc/flsb18-13389-195.pdf

               About Summit Financial Corp

Summit Financial Corp -- https://www.summitfinancialcorp.org/ --
provides financing by purchasing and servicing retail installment
sales contracts originated at franchised automobile dealerships and
select independent used car dealerships located throughout Florida,
Alabama, and Georgia. From its location in Plantation, Florida,
Summit Financial provides financing for automobile loans for
customers that fail to meet the standards of financing from
conventional sources, such as most banks, credit unions and other
national finance companies. The Company was founded in 1984.

Summit Financial filed a Chapter 11 petition (Bankr. S.D. Fla. Case
No. 18-13389) on March 23, 2018.  In the petition signed by David
Wheeler, vice president, the Debtor estimated $100 million to $500
million in assets and liabilities.

Judge Raymond B Ray presides over the case.

Leiderman Shelomith Alexander + Somodevilla, PLLC, is serving as
general bankruptcy counsel to the Debtor.  Douglas J. Jeffrey,
P.A., led by principal Douglas J. Jeffrey, is serving as general
counsel and special counsel to the Debtor.  Moecker Auctions, Inc.,
is the appraiser.  Dinnall Fyne & Company Inc., is the accountant.
Ideal Corporate Funding, Inc., has been tapped by the Debtor to
evaluate its strategic options with respect to securing financing.

The U.S. Trustee for Region 21 on April 20, 2018, appointed seven
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case.  The Committee retained Craig A. Pugatch
and Rice Pugatch Robinson Storfer & Cohen, PLLC as its counsel; and
KapilaMukamal, LLP as its forensic accountant and financial
advisor.


SUPERVALU INC: Fitch Withdraws Ratings Amid Closing of UNFI Deal
----------------------------------------------------------------
Fitch Ratings has withdrawn all of its ratings on SUPERVALU Inc.,
following the completion of its acquisition by United Natural
Foods, Inc.

On Oct. 22, 2018, SVU was acquired by UNFI for approximately $2.9
billion, including the assumption of SVU's $1.6 billion of debt,
which UNFI intends to refinance. The acquisition price represents
an EV/EBITDA multiple of approximately 7.6x SVU's projected EBITDA
of $380 million in 2018. UNFI has indicated plans to sell SVU's
entire retail operations, yielding pro forma combined EBITDA of
$650 million. Pro forma leverage (adjusted debt with capitalized
rent/EBITDAR) is in the high-5.0x range.

To finance the transaction as well as refinance around $360 million
of existing UNFI debt, UNFI obtained a $1.950 billion senior
secured first lien term loan facility, including a $1.8 billion
term loan and $150 million 364-day tranche. The company also
obtained a new $2.1 billion asset-based revolving credit facility
on which it indicated it would borrow $1.475 billion at close.

RATING SENSITIVITIES

Sensitivities are no longer relevant given the rating withdrawals.

FULL LIST OF RATING ACTIONS

Fitch has withdrawn the following ratings:

SUPERVALU, Inc.

  -- Long-Term Issuer Default Rating 'B';

  -- $1 billion secured revolving credit facility 'BB'/'RR1';

  -- $700 million secured term loan 'BB'/'RR1';

  -- $530 million senior unsecured notes 'B'/'RR4'.


TELTRONICS INC: 11th Cir. Upholds Dismissal of Trustee's Claim
--------------------------------------------------------------
The appeals case captioned KEVIN T. O'HALLORAN, as Trustee of the
Liquidating Trust of Teltronics, Inc., Plaintiff-Appellant-Cross
Appellee, v. HARRIS CORPORATION, RPX CORPORATION,
Defendants-Appellees-Cross-Appellants, No. 16-16140 (11th Cir.) is
an appeal from a judgment that affirmed an order of the Bankruptcy
Court dismissing a fraudulent conveyance claim by the trustee of
the liquidating trust of Teltronics, Inc. against Harris
Corporation and RPX Corporation. The United States Court of
Appeals, Eleventh Circuit affirms the judgment of the bankruptcy
court.

The trustee filed the adversary proceeding against Harris and RPX
on June 25, 2013. He claimed that the transfer of the Blocking
Right and the Teltronics ROFR were constructively fraudulent and
sought to (1) avoid both the modification of the Blocking Right and
the Teltronics ROFR and the transfer of the patents pursuant to the
Assignment, and (2) recover, pursuant to Sections 544 and 550 of
the Bankruptcy Code and Florida Statutes 726.105(1)(b) and
726.106(1), the value of those transfers.

The trustee claims principally that the bankruptcy judge erred in
(a) concluding that the trustee had not sustained his burden of
proof on the issue of whether Teltronics received reasonably
equivalent value in exchange for the transfer and (b) receiving
certain expert testimony offered by defendants, ostensibly on the
issue of whether Teltronics was insolvent at the time the transfer
was made.

The trustee contends that Mr. Oscher's testimony should have been
excluded in its entirety. He fails to note, however, that he did
not object below to Mr. Oscher's opinion that the contracts should
have been included in the assets on Teltronics' balance sheet,
although he did offer a competing opinion. The sole question of
admissibility he raised was to Mr. Oscher's opinion that Teltronics
had been solvent at the time of the transfer.

At trial, the parties called competing experts as to Teltronics'
solvency at the time of the transfers. This appeal turns on the
trial court's denial of the trustee's motions to strike certain of
the testimony of Harris and RPX's expert, Steven Oscher.

The trustee's argument that the Bankruptcy Court erred in admitting
Mr. Oscher's use of the borrowed $8.5 million figure for
"demonstrative purposes" is unhelpful and immaterial to his appeal.
As the trustee acknowledges in his brief, Mr. Oscher in fact did
not opine that the value of the contracts was $8.5 million -- that
figure was used to demonstrate the impact that increasing the value
of Teltronics' assets by the value of the contracts could have had
on Teltronics' balance sheet.
The trustee also had the burden of proving by a preponderance of
the evidence that Teltronics was insolvent at the time of the
transfer. Having accepted that the value of the assets listed on
the balance sheet as presented by Mr. Barry Mukamal -- who
testified for the trustee -- was incomplete without the inclusion
of the value of the three maintenance contracts, the burden was on
the trustee to prove that the value of those contracts was so small
as to leave Mr. Mukamal's opinion as to insolvency unaffected. But
he offered no such evidence. As the Bankruptcy Court properly
found, he therefore failed to establish an essential element of his
claim.

The Court, thus, affirms on the basis that (1) the Bankruptcy Court
made no material error in ruling on the admissibility of evidence
and (2) there was no error in the conclusion that the trustee
failed to prove that Teltronics was insolvent at the time of the
transfer.

A full-text copy of the Court's Decision dated Oct. 2, 2018 is
available for free at https://bit.ly/2NNZYIr from Leagle.com.

Brian Ashley McDowell, for Defendant-Appellee-Cross Appellant.

Robert J. Wahl, for Plaintiff-Appellant-Cross Appellee.

Samuel J. Zusmann, Jr. -- Samuel.Zusmann@hklaw.com -- for
Defendant-Appellee-Cross Appellant.

Laurie Webb Daniel -- laurie.daniel@hklaw.com -- for
Plaintiff-Appellant-Cross Appellee.

Laurie Webb Daniel , for Defendant-Appellee-Cross Appellant.

Robert William Davis, Jr., for Defendant-Appellee-Cross Appellant.

Mark Curtis Taylor, for Plaintiff-Appellant-Cross Appellee.

Morris Dean Weiss, for Plaintiff-Appellant-Cross Appellee.

                 About Teltronics Inc.

Palmetto, Fla.-based Teltronics, Inc. (OTC BB: TELT)
-- http://ww.teltronics.com/-- designs, installs, develops,     
manufactures and markets electronic hardware and application
software products, and engages in electronic manufacturing
services primarily in the telecommunication industry.  Teltronics
has three wholly owned subsidiaries, Teltronics Limited, 36371
Yukon Inc., and TTG Acquisition Corp.

Teltronics filed for Chapter 11 bankruptcy (Bankr. M.D. Fla. Case
No. 11-12150) on June 27, 2011.  Judge K. Rodney May presides over
the case.  Charles A. Postler, Esq., at Stichter, Riedel, Blain &
Prosser, serves as the Debtor's counsel.  The petition was signed
by Ewen R. Cameron, president.

The U.S. trustee has appointed an official committee of unsecured
creditors in the case.

Wells Fargo Capital Finance Inc., as DIP Lender, is represented by
Donald Kirk, Esq., at Fowler White Boggs P.A., and Pamela Kohlman,
Esq., at Webster, Buchalter Nemer, P.C.


TEXAS ASSOCIATION: RGCCISD Opposes Approval of Plan Outline
-----------------------------------------------------------
Rio Grande City Consolidated Independent School District asked the
U.S. Bankruptcy Court for the Western District of Texas to deny the
approval of the disclosure statement filed by the Texas Association
of Public Schools Property and Liability Fund, saying it does not
contain "adequate information" required by the Bankruptcy Code.

RGCCISD's attorney, Allen DeBard, Esq., at Langley & Banack,
Incorporated, in San Antonio, Texas, said the document does not
have enough information about the classification of Class 3 claims.
  

"[TAPS] does not distinguish between the members with claims for
reinsurance proceeds from those members that are not entitled to
receive recovery under a reinsurance policy," Mr. DeBard said in
court papers.  "Instead, these two types of claimants are
presumably lumped together into Class 3."

Mr. DeBard also said the disclosure statement does not also contain
adequate information about TAPS' intention to assess its former
members in order to fund the plan; the effect of the plan
confirmation process on the obligations of its reinsurers; and the
process for liquidating reinsurance claims.  

Mr. DeBard maintains an office at:

     Allen M. DeBard, Esq.
     Langley & Banack, Incorporated
     745 E. Mulberry, Suite 900          
     San Antonio, TX 78212
     Telephone: (210) 736-6600           
     Telecopier: (210) 735-6889  
     Email: adebard@langleybanack.com

             About Texas Association of Public Schools
                    Property and Liability Fund

The Texas Association of Public Schools Property and Liability Fund
(TAPS) is a self-insurance pool set up under the Texas Interlocal
Cooperation Act on Sept. 1, 2001.  Membership is limited to public
school districts, community colleges and education service centers.
Access to the Fund is provided through a network of professional
independent agents.  

TAPS filed a Chapter 9 petition (Bankr. W.D. Texas Case No.
17-52437) on October 18, 2017.  In the petition signed by Jan
Skovbjerg, executive director, the Debtor disclosed $5.58 million
in assets and $8.50 million in liabilities.  

Judge Ronald B. King presides over the case.  The Debtor tapped the
Law Offices of William B. Kingman, PC as its legal counsel.


TRIAD WELL: Plan Confirmation Hearing Set for Nov. 28
-----------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas is set
to hold a hearing on Nov. 28, at 10:00 a.m., to consider approval
of the disclosure statement and the proposed Chapter 11 plan for
Triad Well Service, LLC.

The hearing will take place at Courtroom 600.  

The deadline for creditors to file their objections and submit
ballots of acceptance or rejection of the plan is Nov. 21.

                         About Triad Well

Triad Well Service is a service supplier that administers both
support and products to the oil and gas industry.  The company
provides its customers with products and services that will enhance
well production, and prevent common ongoing and future
complications.  Located in Houston, Texas, Triad has a worldwide
outlook and can arrange for the global shipping and servicing of
its products.  Recently, the company's main focus has been
servicing the Eagle Ford basin with a predominant emphasis in
paraffin control.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Tex. Case No. 18-30150) on Jan. 15, 2018, estimating its assets and
liabilities at between $1 million and $10 million each.  The
petition was signed by Michael T. Kramer, president.

Judge Jeff Bohm presides over the case.

Richard L. Fuqua, II, Esq., at Fuqua & Associates, P.C., serves as
the Debtor's bankruptcy counsel.

The Office of the U.S. Trustee on March 6 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Triad Well Service, LLC.


TRINITY INVESTMENT: Exit Plan to Pay $250K to Unsecured Creditors
-----------------------------------------------------------------
Trinity Investment Group LLC on Oct. 11 filed with the U.S.
Bankruptcy Court for the Northern Indiana its proposed plan to exit
Chapter 11 protection.

Under its proposed reorganization plan, creditors holding allowed
Class 8 unsecured claims will be paid $250,000 on a pro rata basis.
An additional $222,867.70 will be available for distribution to
unsecured creditors if Trinity succeeds in its suit against Sigma
Restaurants, Inc., which is classified as a Class 3 secured
creditor under the plan.

Trinity has filed an adversary case (Case No. 18-01067), asserting
that Sigma Restaurants did not properly perfect its security
interest and, therefore, does not have a secured claim status.  If
the court overseeing the adversary case rules that Sigma has a
secured claim, such claim will be allowed in the amount of
$222,867.70 unless the creditor objects to such valuation.

Payments to unsecured creditors will be made in prorated monthly
installments based upon a five- year amortization.  These creditors
will receive their first monthly payment 30 days after confirmation
of the plan.  However, monthly payments may be delayed pending a
conclusion on Trinity's objection to Sigma's claim and the
determination of the amount of its Class 8 claim.

Trinity has prepared projections of its expected operating and
financial results as a reorganized company for a period of three
years.  Based on those projections, Trinity believes that the plan
is feasible and the results are attainable, and that the company
will have sufficient funds to meet its obligations under the plan;
according to its disclosure statement filed on Oct. 11.

A copy of the disclosure statement is available for free at:

     http://bankrupt.com/misc/innb18-10627-177.pdf

                     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,
Esq., and Scot T. Skekloff, Esq., at Haller & Colvin, PC, represent
the Debtor.


U.S.A. DAWGS: Joint Stipulation Dismissing TTCP's Appeal Approved
-----------------------------------------------------------------
District Judge Andrew P. Gordon approved the joint stipulation
dismissing the appeals case captioned THREE TWENTY-ONE CAPITAL
PARTNERS, LLC, Appellant, v. USA DAWGS, INC. and GEMCAP LENDING I,
LLC, Appellee(s),  Case No. BK-S-18-10453-LEB (D. Nev.) filed by
Appellant Three Twenty-One Capital Partners, LLC, Appellees USA
Dawgs, Inc., and GemCap Lending I, LLC, and the Office of the
United States Trustee.

The dismissal of the appeal is without prejudice to Appellant's
rights in its appeal of the Order Denying Joint Motion of the
Debtor and Three Twenty-One Capital Partners, LLC, to Surcharge
Secured Creditor's Collateral (Proceeds of Sale of Debtor's Assets
entered by the Bankruptcy Court on August 29, 2018, in the
Bankruptcy Case, which appeal is pending before the Court.

A copy of the Court's Order dated Oct. 10, 2018 is available at
https://bit.ly/2ymzoRV from Leagle.com.

In re U.S.A. Dawgs, Inc., Debtor, represented by Matthew C. Zirzow
-- mzirzow@lzklegal.com -- Larson Zirzow & Kaplan & Zachariah
Larson -- zlarson@lzklegal.com -- Larson & Zirzow.

Three Twenty-One Capital Partners, LLC, Appellant, represented by
Anne M. Loraditch, The Bach Law Firm, LLC, Nicole Stefanelli --
nstefenalli@cullenanddykman.com  -- Cullen and Dykman LLP, pro hac
vice & S. Jason Teele, Cullen and Dykman LLP, pro hac vice.

US Trustee, Defendant, represented by Edmund Gee, US Department of
Justice & Nicholas Strozza, US Trustee Office.

U.S.A. Dawgs, Inc., Appellee, represented by Matthew C. Zirzow,
Larson Zirzow & Kaplan & Zachariah Larson, Larson & Zirzow.

Gemcap Lending I, LLC, Appellee, represented by Ogonna M. Brown,
Lewis Roca Rothgerber Christie LLP, Arash Beral --
Arash.Beral@ffslaw.com -- Freeman Freeman & Smiley LLP, pro hac
vice & Todd M. Lander -- todd.lander@ffslaw.com -- Freeman Freeman
& Smiley LLP, pro hac vice.

                  About U.S.A. Dawgs

U.S.A. Dawgs Inc. -- https://www.usadawgs.com/ -- designs,
manufactures, and distributes footwear.  The company offers slip
resistant, casual working, safety, golf, spirit, and toning shoes;
sandals, flip flops, bendables, clogs, and Aussie style and cow
suede boots; and socks for men, women, boys, girls, and babies.
The
company was founded in 2006 and is based in Las Vegas, Nevada.

U.S.A. Dawgs, Inc., filed a voluntary Chapter 11 petition (Bankr.
D. Nev. Case No. 18-10453) on Jan. 31, 2018.  In the petition
signed by Steven Mann, president and CEO, the Debtor estimated $10
million to $50 million in assets and $1 million to $10 million
liabilities. The case is assigned to Judge Laurel E. Davis. The
Debtor is represented by Talitha B. Gray Kozlowski, Esq. and
Teresa
M. Pilatowicz, Esq. of Garman Turner Gordon, LLP.

U.S.A. Dawgs, Inc. filed a disclosure statement to accompany its
plan of reorganization dated June 5, 2018.


VERESEN INC: Egan-Jones Withdraws BB+ Sr. Unsec. Ratings
--------------------------------------------------------
Egan-Jones Ratings Company, on October 15, 2018, withdrew its 'BB+'
foreign currency and local currency senior unsecured ratings on
debt issued by Veresen Incorporated.

Veresen Inc. was a Calgary, Alberta-based energy infrastructure
company with three main lines of business: Pipelines, Natural Gas
and Power Generation. It was a publicly traded company on the
Toronto Stock Exchange, and was known as Fort Chicago Energy
Partners L.P. under January 2011.



VERSA MARKETING: Has Until Nov. 15 to Respond to SFF, GEI Complaint
-------------------------------------------------------------------
Upon the stipulation entered into by Defendant Versa Marketing,
Inc. and Plaintiffs Smith Frozen Foods, Inc. and Grimmway
Enterprises, Inc., Magistrate Judge Barbara A. McAuliffe grants the
requested extension of time to Defendant Versa Marketing to respond
to the Complaint to Nov. 15, 2018.

Plaintiffs served their Complaint on Sept. 10, 2018, and
Defendants' response to the Complaint was due on Oct. 1, 2018.

Plaintiffs and Defendants are actively engaged in establishing an
arrangement within the bankruptcy proceedings for the payment of
the PACA claims asserted in the Complaint, and which is expected to
obviate the need for the filing of any response by the Defendants.

Defendants have requested and Plaintiffs have consented to an
additional 40 days for Defendants' answers or responses to the
Complaint.

The case is SMITH FROZEN FOOD, an Oregon corporation, and GRIMMWAY
ENTERPRISES, INC., a California corporation doing business as
GRIMMWAY FARMS, Plaintiffs, v. VERSA MARKETING, INC., a California
corporation, ALFRED J. GOULARTE, an individual, and ARNOLD E.
HUMMEL, an individual, Defendants, Case No. 1:18-CV-01159-AWI-BAM
(E.D. Cal.).

A copy of the Court's Order dated Oct. 10, 2018 is available at
https://bit.ly/2EAahRa from Leagle.com.

Smith Frozen Foods, Inc., an Oregon corporation & Grimmway
Enterprises, Inc., a California corporation, Plaintiffs,
represented by Lawrence H. Meuers, Meuers Law Firm, P.L.

Versa Marketing, Inc., a California corporation, Defendant,
represented by Riley C. Walter, Walter Wilhelm Bauer a Professional
Corporation.

                 About Versa Marketing Inc.

Versa Marketing, Inc. -- http://www.versamarketing.us/-- is a  
contract manufacturer of private label custom made frozen food
products for the retail industry and food services.  It was
founded
by Al Goularte in 1993.

Versa Marketing sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Cal. Case No. 18-13678) on Sept. 7,
2018.  In the petition signed by CEO A.J. Goularte, the Debtor
estimated assets of $10 million to $50 million and liabilities of
$1 million to $10 million.  Judge Rene Lastreto II presides over
the case.


VICTOR P. KEARNEY: L. Abruzzo Suit Transferred to Bankruptcy Court
------------------------------------------------------------------
District Judge Judith C. Herrera entered an order transferring the
case captioned LOUIS ABRUZZO, et al, Plaintiff, v. VICTOR KEARNEY,
et al, Defendants, No. 18-cv-00922 JCH/SCY (D.N.M.) to the
bankruptcy court.

Kearney removed three state court matters related to the Chapter 11
Plan of Reorganization filed in his bankruptcy case. Having sua
sponte reviewed jurisdictional matters, the Court finds the removed
actions are "related to" Kearney's pending bankruptcy for purposes
of 28 U.S.C. section 1334(b).

Kearney's notice of removal explicitly concedes the Three Actions
are "related to a case under Title 11." He notes "the [state court]
actions are the linchpin of the [Unsecured Creditor's] [bankruptcy]
plan, providing the sole source of funding for payment of claims
against the [bankruptcy] estate." Kearney also concedes the case is
removable under the bankruptcy removal statute, 28 U.S.C. section
1452, even though he elected to remove the case to District Court.
Further, even if diversity jurisdiction exists -- such that the
matter is properly before a federal court -- bankruptcy matters
belong in the bankruptcy "unit of the [D]istrict [C]ourt."

For these reasons, the Court finds that jurisdiction over the
removed Three Actions has been referred to the Bankruptcy Court,
and the Court will transfer this case to Bankruptcy Court pursuant
to its blanket referral order. If either party wishes for the
District Court to exercise jurisdiction over the removed case, they
must file a motion to withdraw the reference.

A copy of the Court's Order dated Oct. 5, 2018 is available at
https://bit.ly/2P9ERF7 from Leagle.com.

Victor P Kearney, as Beneficiary and Trustee of the Mary Pat
Abruzzo Kearney Testamentary Trusts B and C, Plaintiff, represented
by Lorraine Hollingsworth, Domenici Law Firm, Reed C. Easterwood,
Domenici Law Firm, PC & Pete Domenici, Jr., Domenici Law Firm PC.

Louis Abruzzo & Benjamin Abruzzo, Both Trustees of the Mary Pat
Abruzzo Kearney Testamentary Trusts B and C, Defendants,
represented by Angelo J. Artuso, Mary T. Torres , Law Offices of
Mary T. Torres & Patrick Joseph Rogers --
patrogers@patrogerslaw.com -- Patrick J. Rogers, LLC.

Mary Pat Abruzzo & Nancy Abruzzo, Both as Guardian, ThirdParty
Plaintiffs, represented by Angelo J. Artuso & Patrick Joseph
Rogers, Patrick J. Rogers, LLC.

Louis Abruzzo & Benjamin Abruzzo, Both Trustees of the Mary Pat
Abruzzo Kearney Testamentary Trusts B and C, Counter Claimants,
represented byAngelo J. Artuso, Mary T. Torres, Law Offices of Mary
T. Torres & Patrick Joseph Rogers, Patrick J. Rogers, LLC.

Victor P. Kearney filed for chapter 11 bankruptcy protection
(Bankr. D.N.M. Case No. 17-12274) on Sept. 1, 2017 and is
represented by Jason Michael Cline, Esq. of Jason Cline, LLC.


VICTORY PARENT: Denial of Bid to Junk Aetna Counterclaim Endorsed
-----------------------------------------------------------------
In the case captioned NEIL GILMOUR III, TRUSTEE FOR THE GRANTOR
TRUSTS OF VICTORY PARENT COMPANY, LLC; VICTORY MEDICAL CENTER CRAIG
RANCH, LP, VICTORY MEDICAL CENTER LANDMARK, LP, VICTORY MEDICAL
CENTER MID-CITIES, LP, VICTORY MEDICAL CENTER PLANO, LP, VICTORY
MEDICAL CENTER SOUTHCROSS, LP, VICTORY SURGICAL HOSPITAL EAST
HOUSTON, LP, VICTORY MEDICAL CENTER BEAUMONT, LP, Plaintiffs, v.
AETNA HEALTH, INC., AETNA HEALTH INSURANCE COMPANY, AETNA LIFE
INSURANCE COMPANY, Defendants, No. SA-17-CV-00510-FB (W.D. Tex.),
Magistrate Judge Elizabeth S. Chestney recommends that Plaintiffs'
motion to dismiss Aetna's Counterclaim be denied.

Plaintiff Neil Gilmour, III, is Trustee for the Grantor Trusts of
seven former orthopedic hospitals and their parent company. Victory
filed the lawsuit against Defendants Aetna Health, Inc., Aetna
Health Insurance Company, and Aetna Life Insurance Company alleging
a number of claims under various provisions of the Employment
Retirement Income Security Act ("ERISA"), the Texas Insurance Code,
and Texas common law. Victory claims that Aetna failed to pay or
underpaid certain out-of-network claims for covered services that
Victory provided to Aetna plan members in operating its hospitals
and other medical facilities throughout Texas.

By its Counterclaim, Aetna alleges that Victory engaged in a
fraudulent billing scheme to submit excessive charges for services
allegedly provided to Aetna's health plan members. Aetna seeks to
recover these allegedly improper payments through claims of fraud,
"money had and received," negligent misrepresentation, and unjust
enrichment, and also pleads exemplary damages. Alternatively,
Aetna, as an ERISA claim-fiduciary with authority to recover
overpayments, seeks the equitable return of plan benefits paid to
Victory that are not payable under the terms of the ERISA plans at
issue. Victory filed the motion to dismiss Aetna's counterclaims
that is currently before the Court, and Aetna timely filed its
Supplemental Counterclaim within 21 days of Victory's motion
pursuant to Rule 15(a)(1)(B) [#34]. Aetna's Supplemental
Counterclaim reiterates its claims of fraud, "money had and
received," negligent misrepresentation, unjust enrichment/quantum
meruit, exemplary damages, and equitable relief under ERISA.

Victory moves the Court to dismiss all of Aetna's counterclaims on
the basis that they are either barred for lack of standing or fail
to state a claim upon which relief can be granted. The Court should
deny Victory's 12(b)(1) motion because Aetna has the right to
assert its counterclaims as a defensive setoff against Victory's
claims in this lawsuit. Additionally, Aetna has met its pleading
burden with regard to its other claims, and Victory has failed to
satisfy its burden to demonstrate that these claims fail as a
matter of law at this preliminary stage of the proceedings.

A copy of the Court's Report and Recommendation dated Oct. 11, 2018
is available at https://bit.ly/2CvfbMv from Leagle.com.

Neil Gilmour, III, Trustee for the Grantor Trusts of Victory Parent
Company, LLC, Victory Medical Center Craig Ranch, LP, Victory
Medical Center Landmark, LP, Victory Medical Center Mid-Cities, LP,
Victory Medical Center Plano, LP, Victory Medical Center
Southcross, LP, Victory Surgical Hospital East Houston, LP &
Victory Medical Center Beaumont, LP, Plaintiffs, represented by
Andrew Cookingham  -- Andrew.Cookingham@tklaw.com -- Thompson &
Knight, Jennifer Rudenick Ecklund -- Jennifer.Ecklund@tklaw.com --
Thompson & Knight, LLP & Reed Cullen Randel --
Reed.Randel@tklaw.com -- Thompson & Knight LLP.

Aetna Health, Inc., Aetna Health Insurance Company & Aetna Life
Insurance Company, Defendants, represented by John Bruce Shely --
jshely@HuntonAK.com -- Hunton Andrews Kurth LLP, Bridget Burke Vick
-- bvick@HuntonAK.com -- Hunton Andrews Kurth LLP & Mary Katherine
Strahan -- mstrahan@HuntonAK.com -- Hunton Andrews Kurth LLP.

Aetna Health, Inc., Aetna Health Insurance Company & Aetna Life
Insurance Company, Counter Plaintiffs, represented by John Bruce
Shely, Hunton Andrews Kurth LLP, Bridget Burke Vick, Hunton Andrews
Kurth LLP & Mary Katherine Strahan, Hunton Andrews Kurth LLP.

Neil Gilmour, III, Trustee for the Grantor Trusts of Victory Parent
Company, LLC, Victory Medical Center Beaumont, LP, Victory Medical
Center Craig Ranch, LP, Victory Medical Center Landmark, LP,
Victory Medical Center Mid-Cities, LP, Victory Medical Center
Plano, LP, Victory Medical Center Southcross, LP & Victory Surgical
Hospital East Houston, LP, Counter Defendants, represented by
Andrew Cookingham, Thompson & Knight, Jennifer Rudenick Ecklund,
Thompson & Knight, LLP & Reed Cullen Randel, Thompson & Knight
LLP.

                  About Victory Healthcare

Victory Parent Company, LLC, and 8 affiliated companies sought
Chapter 11 protection in Fort Worth, Texas (Bankr. N.D. Tex.) on
June 12, 2015, in Ft. Worth, Texas.  The Debtors are seeking joint
administration for procedural purposes, meaning that all pleadings
will be maintained on the case docket for Victory Medical Center
Mid-Cities, LP; Case No. 15-42373-RFN.

Headquartered in The Woodlands, Texas, Victory Parent Company
manages six medical centers in Texas.  Founded in 2005, Victory
now
maintains medical centers offering emergency room services in
through Victory Medical Center Mid-Cities in Hurst, Victory
Medical
Center Plano, Victory Medical Center Craig Ranch in McKinney, and
Victory Medical Center Landmark in San Antonio.  The company also
manages its Victory Medical Center Beaumont and Houston-East,
which
are not part of the Chapter 11 filing and will be sold separately.

The Debtors tapped Hoover Slovacek, LLP, as counsel; Epiq
Bankruptcy Solutions, LLC, as claims agent; and Baker, Donelson,
Bearman, Caldwell & Berkowitz, PC, as special counsel.


W&T OFFSHORE: Completes Major Debt Refinancing Transactions
-----------------------------------------------------------
W&T Offshore, Inc. has closed transactions to effect a refinancing
of substantially all of its outstanding indebtedness.  The Company
closed on Oct. 18, 2018 its previously announced private offering
of $625.0 million in aggregate principal amount of 9.75% Senior
Second Lien Notes due 2023 which priced at par.  The Company also
entered into a Sixth Amended and Restated Credit Agreement which
provides for a revolving credit and letter of credit facility with
an initial borrowing base of $250.0 million.

The Company used net proceeds from the offering of New Notes,
borrowings under its new amended and restated revolving credit
facility and cash on hand to (i) repay and retire its outstanding
$75.0 million 11.00% 1.5 Lien Term Loan and $300.0 million 9.00%
Second Lien Term Loan and (ii) redeem or repurchase in full all of
its outstanding 8.500% Senior Notes due 2019, 9.00%/10.75% Senior
Second Lien PIK Toggle Notes due 2020 and 8.50%/10.00% Senior Third
Lien PIK Toggle Notes due 2021.

The Company also announced its repurchase and retirement of $464.4
million in aggregate principal of its Existing Notes pursuant to
its acceptance of early tenders of Existing Notes validly tendered
and not withdrawn by holders pursuant to the Company's previously
announced offer to purchase for cash any and all of its outstanding
Existing Notes.  The remaining outstanding $63.8 million in
aggregate principal of its Existing Notes was irrevocably called
for redemption on Nov. 17, 2018 under the terms of the applicable
indenture governing each issue of Existing Notes.  Sufficient
redemption funds were deposited in trust with the indenture trustee
to satisfy and discharge all of the Company's obligations under the
Existing Notes and the respective indentures, and settlement of
such redemptions will occur on
Nov. 19, 2018, the next business day following the redemption
date.

The Company's offer to purchase remaining Existing Notes will
expire at 11:59 p.m., New York City time, on Oct. 31, 2018, unless
extended.  Outstanding Existing Notes validly tendered and not
withdrawn and accepted by the Company pursuant to the terms of the
previously announced offer to purchase will receive the tender
offer consideration described in the offer to purchase dated
Oct. 3, 2018, which does not include the early tender premium, plus
accrued and unpaid interest.

The New Notes are not being registered under the Securities Act of
1933, as amended, or any state securities laws; and unless so
registered, the New Notes may not be offered or sold in the United
States except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act
and applicable state securities laws.  The New Notes were being
offered only to qualified institutional buyers in the United States
under Rule 144A and to non-U.S. investors outside the United States
pursuant to Regulation S.

                       About W&T Offshore

Based in Houston, Texas, W&T Offshore, Inc. --
http://www.wtoffshore.com/-- is an independent oil and natural gas
producer with operations offshore in the Gulf of Mexico and has
grown through acquisitions, exploration and development.  The
Company currently has working interests in 48 producing fields in
federal and state waters and has under lease approximately 650,000
gross acres, including approximately 440,000 gross acres on the
Gulf of Mexico Shelf and approximately 210,000 gross acres in the
deepwater.  A majority of the company's daily production is derived
from wells it operates.

W&T Offshore reported net income of $79.68 million in 2017 compared
to a net loss of $249.02 million in 2016.  As of June 30, 2018, W&T
Offshore had $958.15 million in total assets, $342.3 million in
total current liabilities, $760.97 million in long term debt,
$289.3 million in asset retirement obligations, $73 million in
other liabilities and a total shareholders' deficit of $507.4
million.

                          *     *     *

As reported by the TCR on Oct. 4, 2018, S&P Global Ratings raised
its issuer credit rating on Houston-based oil and gas exploration
and production company W&T Offshore Inc. to 'B-' from 'CCC'.  The
outlook is stable.  The upgrade reflects S&P's view that W&T's
proposed capital restructuring will significantly improve its
liquidity and leverage.


WELLINGTON SENIOR: MAS Buying Law Worth Property for $2.9M
----------------------------------------------------------
Wellington Senior Housing, LLC, asks the U.S. Bankruptcy Court for
the Middle District of Florida to authorize the sale of real
property located at 10141 Carlyle Village Drive, Lake Worth, Palm
Beach County, Florida to MAS Development Corp. for $2.85 million.

The Debtor owns Real Property described as the following: Parcels A
and C, Plat of Brentwood Wellington, P.U.D., according to the plat
thereof, as recorded in Plat Book 117, Page 177, of the Public
Records of Palm Beach County, Florida.  Presently, Secured
Creditors allege secured claims in the amount $2,322,500.

The Breakdown of the creditors owed is the following:

     a. Anthony J. Hicks ($262,500 and $105,000): Parcels A and C,
Plat of Brentwood of Wellington, P.U.D., according to the plat
thereof as Recorded in Plat Book 117, Page 177, of the Public
Records of Palm Beach County, Florida

     b. Palm Beach Recovery ($650,000): Parcels A and C, Plat of
Brentwood of Wellington, P.U.D., according to the plat thereof as
recorded in Plat Book 117, Page 177, of the Public Records of Palm
Beach County, Florida

     c. Rodney R. Finke ($600,000): Parcels A and C, Plat of
Brentwood of Wellington, P.U.D., according to the plat thereof as
recorded in Plat Book 117, Page 177, of the Public Records of Palm
Beach County, Florida

     d. Square One Properties, LLC ($105,000): Parcels A and C,
Plat of Brentwood of Wellington, P.U.D., according to the plat
thereof as recorded in Plat Book 117, Page 177, of the Public
Records of Palm Beach County, Florida

     e. Stephen D. Walters ($600,000): Parcels A and C, Plat of
Brentwood of Wellington, P.U.D., according to the plat thereof as
recorded in Plat Book 117, Page 177, of the Public Records of Palm
Beach County, Florida

The Palm Beach County Tax Collector and various tax Certificate
holders also allege they hold a lien in these amounts on the Real
Estate Parcels:

     a. Palm Beach County Tax Collector 2018 and 2018 Taxes
($54,542): Parcels A and C, Plat of Brentwood of Wellington,
P.U.D., according to the plat thereof as recorded in Plat Book 117,
Page 177, of the Public Records of Palm Beach County, Florida

     b. Internal Revenue Service ($5,680): Parcels A and C, Plat of
Brentwood of Wellington, P.U.D., according to the plat thereof as
recorded in Plat Book 117, Page 177, of the Public Records of Palm
Beach County, Florida

     c. Juno Tax, LLC ($26,250): Parcels A and C, Plat of Brentwood
of Wellington, P.U.D., according to the plat thereof as recorded in
Plat Book 117, Page 177, of the Public Records of Palm Beach
County, Florida

There are no liens on the Real Estate Parcels other than the
mentioned creditors.  There is currently an offer of $2.85 million
to purchase the Real Estate parcels by MAS.  The parties have
executed the Vacant Land Contract.  Under the Vacant Land Contract,
the parties must close on a sale prior to Jan. 2, 2019, 120 days
from the Contract signatory date.

The Proposed sale of the Real Estate Parcels is not in the ordinary
course of business.  Therefore, the Debtor proposes to sell the
Real Estate Parcels free and clear of liens.

The Debtor asks authority from the Court to sell the Real Estate
Parcels "as is, where is," free and clear of any potential liens,
with valid and enforceable liens and attaching to the proceeds of
the sale.  Any net proceeds from the sale of the Real Estate
Parcels, after payment of closing costs and payoff of valid liens
of the secured creditors, will be escrowed to the Debtor's
Counsel's trust account, pending further Court order.

The Debtor asks that the 14-day stay required under Bankruptcy Rule
Section 6004(h) be waived, and that any order granting the Motion
is effective immediately upon entry.

A copy of the Contract attached to the Motion is available for free
at:

   http://bankrupt.com/misc/Wellington_Senior_32_Sales.pdf

The Purchaser:

          MAS DEVELOPMENT CORP.
          3323 Ne 163rd St., Suite #PH-704
          North Miami, FL 33160
          Telephone: (786) 753-9513
          Facsimile: (305) 675-7778
          E-mail: aan@masdevelopment.net

The Purchaser is represented by:

          Matthew B. Wealcatch, Esq.
          MATTHEW B. WEALCATCH, P.A.
          4000 Hollywood Blvd., #725-S
          Hollywood, FL 33201
          Telephone: (954) 961-3300
          Facsimile: (954) 239-5760
          E-mail: matt@wealcatchlaw.com

                About Wellington Senior Housing

Wellington Senior Housing, LLC, a Single Asset Real Estate (as
defined in 11 U.S.C. Section 101(51B)), owns parcels A and C, Plat
of Brentwood of Wellington, P.U.D., valued by the Company at $3.15
million.

Based in Madeira Beach, Florida, Wellington Senior Housing filed a
Chapter 11 petition (Bankr. M.D. Fla. Case No. 18-06293) on July
30, 2018.  The petition was signed by William Karns Enterprises,
Inc., by William Karns, president.  At the time of filing, the
Debtor disclosed $3,150,231 in total assets and $2,775,856 in total
liabilities.  Jake C. Blanchard, Esq., at Blanchard Law, P.A., is
the Debtor's counsel.


WHISTLER ENERGY: Baker Hughes' Bid to Withdraw Reference Tossed
---------------------------------------------------------------
District Judge Jane Triche Milazzo denied Baker Hughes Oilfield
Operations, LLC's motion to withdraw the reference for adversary
number 18-01028.

On March 24, 2016, an involuntary petition for Chapter 11
bankruptcy was filed against Whistler Energy II, LLC. On Jan. 25,
2017, a plan of reorganization was confirmed. As part of the plan,
certain causes of action were transferred and assigned to a
litigation trust. Subsequently, the Trustee of the Whistler Energy
II, LLC Litigation Trust filed a Complaint against Baker Hughes
Oilfield Operations, LLC in bankruptcy court seeking to avoid and
recover an allegedly preferential transfer made to Baker Hughes by
Whistler Energy. Baker Hughes did not submit a proof of claim
against the bankruptcy estate. Baker Hughes now asks the Court to
withdraw the reference of that adversary proceeding, which the
Trustee opposes.

Baker Hughes argues that the bankruptcy court should not handle
pretrial motions and reference should be withdrawn immediately
because the bankruptcy court lacks the constitutional authority to
enter final judgment in this proceeding. In making this argument,
Baker Hughes relies on Stern v. Marshall, in which the Supreme
Court held that even when a bankruptcy court has statutory
authority to enter judgment on a core claim, it may lack the
constitutional authority to do so when the claim would not
necessarily be resolved in the claims allowance process. The
Supreme Court later held that these "Stern claims" should be
treated as non-core claims within the meaning of section 157(c),"
that is that the bankruptcy court should "issue proposed findings
of fact and conclusions of law," and "[t]he district court will
then review the claim de novo and enter judgment."

Courts in this district have held that Stern does not constitute
cause for the withdrawal of the reference. "[E]ven though the
bankruptcy court cannot enter a final judgment, that fact alone is
not cause because § 157(c)(1) specifically contemplates referral
of a non-core matter to a bankruptcy judge who cannot enter a final
order."9 Accordingly, Baker Hughes has not shown cause for the
withdrawal of the reference. This is a core proceeding, a jury
trial is not yet certain, and the bankruptcy court has the
authority to at a minimum issue a findings of fact and conclusions
of law for this Court's review.

Finally, the Court finds that it could benefit from the Bankruptcy
Court's considerable expertise in resolving pre-trial motions in
this matter. The Court finds that, in the interests of judicial
efficiency, the reference should be maintained at this time. Once
it becomes clear that a jury trial must be conducted, Defendant may
re-urge its motion.

The case is: IN RE: WHISTLER ENERGY II, LLC, SECTION: "H," Civil
Action No. 18-4202 (E.D. La.).

A copy of the Court's Order dated Oct. 12, 2018 is available at
https://bit.ly/2CZENC8 from Leagle.com.

H. Kenneth Lefoldt, Jr., As trustee of the Whistler Energy II, LLC
Litigation Trust, Plaintiff, represented by Amelia Lynn Bueche,
Kelly Hart & Pitre LLP, Louis M. Phillips, One American Place &
Patrick M. Shelby -- rick.shelby@kellyhart.com -- Kelly Hart &
Pitre LLP.

Baker Hughes Oilfield Operations, LLC, formerly known as Baker
Hughes Oilfield Operations, Inc., Defendant, represented by Douglas
Scott Draper -- ddraper@hellerdraper.com --  Heller, Draper,
Patrick, Horn & Manthey LLC & William Ross Spence, Snow Spence
Green LLP, pro hac vice.

                About Whistler Energy II

Romfor Supply Company, Adriatic Marine, L.L.C., Hydra Ops, LLC,
Scientific Drilling, and Patterson Services, Inc., filed an
involuntary Chapter 11 petition against alleged debtor, Houston,
Texas-based Whistler Energy II, LLC (Bankr. E.D. La. Case No.
16-10661) on March 24, 2016.  Whistler Energy II on May 25, 2016,
consented to the Chapter 11 filed and pending before the Honorable
Jerry A. Brown in Bankruptcy Court in New Orleans.

Romfor Supply, et al., are represented by Stewart F. Peck, Esq.,
in
New Orleans, Louisiana.

Whistler Energy II has employed Paul J. Goodwine, Esq., and Taylor
P. Gay, Esq., at Looper Goodwine; and John P. Melko, Esq., Michael
K. Riordan, Esq., and Sharon Beausoleil, Esq., at Gardere Wynne
Sewell as counsel; UpShot Services LLC as its claims, noticing and
balloting agent; and TDF Partners, LLC's Richard DiMichele as its
chief restructuring officer.

The Official Committee of Unsecured Creditors has retained Stewart
F. Peck, Esq., Christopher Caplinger, Esq., Benjamin W. Kadden,
Esq., Joseph P. Briggett, Esq., and Erin R. Rosenberg, Esq., at
Lugenbuhl, Wheaton, Peck, Rankin & Hubbard, as counsel.


WOODBRIDGE GROUP: $100K Sale of Merrimack's Carbondale Property OKd
-------------------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware authorized Woodbridge Group of Companies, LLC and its
affiliated debtors to sell Merrimack Valley Investments, LLC's real
property located at 1165 Heritage Drive, Carbondale, Colorado,
together with the Seller's right, title, and interest in and to the
buildings located thereon and any other improvements and fixtures
located thereon, and any and all of the Sellers' right, title, and
interest in and to the tangible personal property and equipment
remaining on the real property as of the date of the closing of the
sale, to Jesse James Development, LLC for $100,000.

The sale is free and clear of all liens, claims, interests, and
encumbrances.

All proceeds of the Sale (net of the Broker Fee and Other Closing
Costs) will be paid to the Debtors into the general account of
Debtor Woodbridge Group of Companies, LLC, and such net proceeds
will be disbursed and otherwise treated by the Debtors in
accordance with the Final DIP Order.

The Debtors are authorized and empowered to pay the Broker Fees out
of the sale proceeds by paying the Seller's Broker Fee in an amount
up to 2.5% of the gross Sale proceeds and paying the Purchaser's
Broker Fee in an amount up to 2.5% of the gross Sale proceeds.

Any title insurer, escrow agent, or other intermediary
participating in a closing of the Sale of the Property is
authorized to disburse all funds at the closing of the Sale
pursuant to the applicable settlement statement or escrow
instructions provided by the parties to such Sale.

The terms and conditions of the Order will be immediately effective
and enforceable upon its entry notwithstanding any applicability of
Bankruptcy Rule 6004(h).

A copy of the Agreement attached to the Order is available for free
at:

   http://bankrupt.com/misc/Woodbridge_Group_2822_Order.pdf

                     About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion. The Chapter 11
cases are being jointly administered.

Judge Kevin J. Carey presides over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel.
Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as
expert consultant, Moelis & Company LLC, as investment banker.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC.  Beilinson Advisory Group is
serving as independent management to the Debtors.  Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Venable LLP is the Fiduciary Committee of Unitholders' legal
counsel.

Drinker Biddle & Reath LLP is counsel to the Ad Hoc Group of
Noteholders, and Conway MacKenzie, Inc., as its financial advisor.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017.  On Jan. 23, 2018, the Court
approved a settlement providing for the formation of an ad hoc
noteholder group and an ad hoc unitholder group.


WOODBRIDGE GROUP: $300K Sale of Springvale Carbondale Property OK'd
-------------------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware authorized Woodbridge Group of Companies, LLC and its
affiliated debtors to sell Springvale Investments, LLC's real
property located at (i) The Enclave at Bowles Gulch, Lot 1,
Carbondale, Colorado; (ii) The Enclave at Bowles Gulch, Lot 2,
Carbondale, Colorado; and (iii) The Enclave at Bowles Gulch, Lot 3,
Carbondale, Colorado; together with the Seller's right, title, and
interest in and to the buildings located thereon and any other
improvements and fixtures located thereon, and any and all of the
Sellers' right, title, and interest in and to the tangible personal
property and equipment remaining on the real property as of the
date of the closing of the sale, to Busby Properties LP for
$300,000.

The sale is free and clear of all liens, claims, interests, and
encumbrances.

All proceeds of the Sale (net of the Broker Fee and Other Closing
Costs) will be paid to the Debtors into the general account of
Debtor Woodbridge Group of Companies, LLC, and such net proceeds
will be disbursed and otherwise treated by the Debtors in
accordance with the Final DIP Order.

The Debtors are authorized and empowered to (i) pay the Purchaser's
Broker Fee in an amount up to 2.5% of the gross Sale proceeds, and
(ii) pay the Seller's Broker Fee in an amount up to 2.5% of the
gross Sale proceeds.  

Any title insurer, escrow agent, or other intermediary
participating in a closing of the Sale of the Property is
authorized to disburse all funds at the closing of the Sale
pursuant to the applicable settlement statement or escrow
instructions provided by the parties to such Sale.

The terms and conditions of the Order will be immediately effective
and enforceable upon its entry notwithstanding any applicability of
Bankruptcy Rule 6004(h).

A copy of the Agreement attached to the Order is available for free
at:

   http://bankrupt.com/misc/Woodbridge_Group_2821_Order.pdf

                     About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion. The Chapter 11
cases are being jointly administered.

Judge Kevin J. Carey presides over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel.
Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as
expert consultant, Moelis & Company LLC, as investment banker.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC.  Beilinson Advisory Group is
serving as independent management to the Debtors.  Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Venable LLP is the Fiduciary Committee of Unitholders' legal
counsel.

Drinker Biddle & Reath LLP is counsel to the Ad Hoc Group of
Noteholders, and Conway MacKenzie, Inc., as its financial advisor.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017.  On Jan. 23, 2018, the Court
approved a settlement providing for the formation of an ad hoc
noteholder group and an ad hoc unitholder group.


WOODBRIDGE GROUP: $30M Sale of Diamond's Los Angeles Property OK'd
------------------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware authorized Woodbridge Group of Companies, LLC and its
affiliated debtors to sell Diamond Cove Investments, LLC's real
property located at 1 Electra Court, Los Angeles, California,
together with the Seller's right, title, and interest in and to the
buildings located thereon and any other improvements and fixtures
located thereon, and any and all of the Sellers' right, title, and
interest in and to the tangible personal property and equipment
remaining on the real property as of the date of the closing of the
sale, to Frank Binder for $29.5 million.

The sale is free and clear of all liens, claims, interests, and
encumbrances.

All proceeds of the Sale (net of the Broker Fee and Other Closing
Costs) will be paid to the Debtors into the general account of
Debtor Woodbridge Group of Companies, LLC, and such net proceeds
will be disbursed and otherwise treated by the Debtors in
accordance with the Final DIP Order.

The Debtors are authorized and empowered to pay the Broker Fees out
of the sale proceeds by paying the Seller's Broker Fee to Compass
in an amount not to exceed 1% of the gross sale proceeds and paying
the Purchaser's Broker Fee to Rodeo in an amount not to exceed 2%
of the gross sale proceeds.

Any title insurer, escrow agent, or other intermediary
participating in a closing of the Sale of the Property is
authorized to disburse all funds at the closing of the Sale
pursuant to the applicable settlement statement or escrow
instructions provided by the parties to such Sale.

The terms and conditions of the Order will be immediately effective
and enforceable upon its entry notwithstanding any applicability of
Bankruptcy Rule 6004(h).

A copy of the Agreement attached to the Order is available for free
at:

   http://bankrupt.com/misc/Woodbridge_Group_2824_Order.pdf

                      About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a  
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for
the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion.  The Chapter
11
cases are being jointly administered.

Judge Kevin J. Carey presides over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel.
Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as
expert consultant, Moelis & Company LLC, as investment banker.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC.  Beilinson Advisory Group is
serving as independent management to the Debtors.  Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017.  On Jan. 23, 2018, the Court
approved a settlement providing for the formation of an ad hoc
noteholder group and an ad hoc unitholder group.



WOODBRIDGE GROUP: $5.7M Sale of Heilbron's Los Angeles Property OKd
-------------------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware authorized Woodbridge Group of Companies, LLC and its
affiliated debtors to sell Heilbron Manor Investments, LLC's real
property located at 2492 Mandeville Canyon, Los Angeles,
California, together with the Seller's right, title, and interest
in and to the buildings located thereon and any other improvements
and fixtures located thereon, and any and all of the Sellers'
right, title, and interest in and to the tangible personal property
and equipment remaining on the real property as of the date of the
closing of the sale, to Alexander Dellal for $5.65 million.

The sale is free and clear of all liens, claims, interests, and
encumbrances.

All proceeds of the Sale (net of the Broker Fee and Other Closing
Costs) will be paid to the Debtors into the general account of
Debtor Woodbridge Group of Companies, LLC, and such net proceeds
will be disbursed and otherwise treated by the Debtors in
accordance with the Final DIP Order.

The Debtors are authorized and empowered to pay the Broker Fees out
of the sale proceeds by paying the Seller's Broker Fee to Douglas
Elliman in an amount not to exceed 2% of the gross sale proceeds
and paying the Purchaser's Broker Fee to Halton in an amount not to
exceed 2% of the gross sale proceeds.

Any title insurer, escrow agent, or other intermediary
participating in a closing of the Sale of the Property is
authorized to disburse all funds at the closing of the Sale
pursuant to the applicable settlement statement or escrow
instructions provided by the parties to such Sale.

The terms and conditions of the Order will be immediately effective
and enforceable upon its entry notwithstanding any applicability of
Bankruptcy Rule 6004(h).

A copy of the Agreement attached to the Order is available for free
at:

   http://bankrupt.com/misc/Woodbridge_Group_2823_Order.pdf

                      About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion.  The Chapter 11
cases are being jointly administered.

Judge Kevin J. Carey presides over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel.
Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as
expert consultant, Moelis & Company LLC, as investment banker.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC.  Beilinson Advisory Group is
serving as independent management to the Debtors.  Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017.  On Jan. 23, 2018, the Court
approved a settlement providing for the formation of an ad hoc
noteholder group and an ad hoc unitholder group.


WOODBRIDGE GROUP: Court Grants Bid to Dismiss 1st Amended Complaint
-------------------------------------------------------------------
Bankruptcy Judge Kevin J. Carey granted Debtors and Defendants'
Woodbridge Group of Companies, LLC and affiliates' motion to
dismiss Plaintiffs' first amended complaint in the adversary
proceeding captioned LISE DE LA ROCHELLE, et al. Plaintiff, v.
WOODBRIDGE GROUP OF COMPANIES, LLC, Defendants, Adv. No. 18-50371
(KJC) (Bankr. D. Del.).

The Plaintiffs filed their First Amended Complaint on July 17, 2018
asserting four counts against the Debtors:

(1) Seeking a declaratory judgment that the Plaintiffs hold
pre-petition, valid, perfected, first-priority liens against
certain real property owned by the Debtors; or alternatively,(2)
Seeking a declaratory judgment that the Plaintiffs hold
pre-petition, valid, perfected, first-priority liens against any
and all proceeds from the sale and/or liquidation of certain real
property owned by the Debtors; or alternatively (3) Seeking the
creation of a constructive trust or equitable lien against certain
real property owned the Debtors, or any and all proceeds from the
sale or liquidation of that real property, and (4) Seeking damages
against the Debtors based on financial abuse of elderly individuals
under California law.

The Debtors argue that the factual allegations in the Complaint,
and documents or facts of which this Court may take judicial notice
under Fed. R. Evid. 201, demonstrate that the Plaintiffs have
failed to state any claims.

The Court agrees with the Debtors that the Plaintiffs have failed
to allege facts supporting their request for a declaratory judgment
that the Plaintiffs hold perfected liens against the Owlwood Estate
Property, or against any proceeds arising from a sale or
liquidation of that Property. Counts I and IT of the Complaint is
dismissed for failure to state a claim. The Plaintiffs' request for
another opportunity to amend the Complaint is also denied.

Count III of the Complaint asks the Court to determine that,
pursuant to the doctrines of constructive trust and equitable lien,
the Plaintiffs have first-in-priority, valid secured interests in
the Owlwood Estate Property or the proceeds derived from a sale or
liquidation of the Property. Whether a court should impose a
constructive trust or equitable lien upon property is first
determined by reference to state law. The Plaintiffs argue that
California law supports their claim. The Debtors, however, argue
that imposing a constructive trust or equitable lien against the
Property would be futile, because any equitable interest would be
avoided pursuant to the strong-arm powers of Bankruptcy Code
section 544(a)(3).

The Court holds that even assuming -- without deciding -- that the
Plaintiffs could establish a right under California law for
imposition of a constructive trust or equitable lien against the
Property, the Debtors could avoid any such equitable interest
pursuant to the strong-arm powers of Bankruptcy Code section
544(a)(3). The Debtors' motion to dismiss Count III is granted.

Count IV of the Complaint alleges that the Plaintiffs are the
victims of financial abuse under California's Elder Abuse Act and
asks the Court to enter a judgment for treble damages and
attorney's fees and costs. The Debtors contend that Count IV should
be dismissed because it is an improper attempt to assert a
prepetition claim through an adversary proceeding, rather than a
proof of claim, after the claims bar date. The Debtors also argue
that the Plaintiffs do not have standing to assert such claims.

Due to the procedural irregularities of the Elder Abuse Claim, the
Court will not address the standing issues in this adversary. The
Debtors argue that the Elder Abuse Claims are untimely, but, in
some cases, a court may allow a late-filed claim under Rule 9006(b)
if the claimant can show that the tardiness was the result of
excusable neglect. For these reasons, Count IV will be dismissed
but with leave to allow any Plaintiffs who believe they have valid
Elder Abuse Claims, and can show excusable neglect, to file motions
seeking allowance to file late proofs of claim under Bankruptcy
Rule 9006(b) or other applicable law.

In sum, Counts I, II and III is dismissed with prejudice. Count IV
is also dismissed, but with leave to allow Plaintiffs to file
motions in the main bankruptcy case seeking allowance to file late
proofs of claims.

A full-text copy of the Court's Opinion dated Oct. 5, 2018 is
available at https://bit.ly/2Cu5MVu from Leagle.com.

Lise De La Rochelle, Plaintiff, represented by Timothy G. Blood,
Blood Hurst O'Reardon LLP, Jason A. Gibson, The Rosner Law Group
LLC, Frederick Brian Rosner, The Rosner Law Group LLC & Craig W.
Straub, Blood Hurst O'Reardon LLP.

Provident Trust Group, LLC FBO Arnold L. Berman IRA, Stephen and
Zoila Thompson, The Bernard & Sylvia Fineberg Living Trust, Betty
Foster, Ruth E. Scott, Edna M. Watters, Irene Olin Trust DTD
02/25/1998, Kurt Faudel, C. Spencer & Virginia Van Gulick,
Provident Trust Group, LLC FBO Nancy E. Kicherer IRA, Donald A. and
Florence H. Bottaro, Laurence Popolizio, Michael L. Gross &
Jonathan W. and Barbara K. Greenleaf as Trustees of the Greenleaf
Family Trust, Plaintiffs, represented by Timothy G. Blood, Blood
Hurst O'Reardon LLP, Jason A. Gibson, The Rosner Law Group LLC &
Craig W. Straub, Blood Hurst O'Reardon LLP.

Woodbridge Group of Companies, LLC, et al., Defendant, represented
by Ian J. Bambrick -- ibambrick@ycst.com -- Young Conaway Stargatt
& Taylor, LLP & Sean Matthew Beach -- sbeach@ycst.com -- Young,
Conaway, Stargatt & Taylor.

                  About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a  
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for
the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion. The Chapter 11
cases are being jointly administered.

Judge Kevin J. Carey presides over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel.
Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as
expert consultant, Moelis & Company LLC, as investment banker.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC.  Beilinson Advisory Group is
serving as independent management to the Debtors.  Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017.  On Jan. 23, 2018, the Court
approved a settlement providing for the formation of an ad hoc
noteholder group and an ad hoc unitholder group.


XPO LOGISTICS: Moody's Raises CFR to Ba2, Outlook Stable
--------------------------------------------------------
Moody's Investors Service upgraded the ratings of XPO Logistics,
Inc., including the Corporate Family Rating to Ba2 from Ba3 and the
Probability of Default Rating to Ba2-PD from Ba3-PD. Concurrently,
Moody's upgraded the rating on the senior secured term loan
facility to Baa3 from Ba1 and also upgraded the rating on the
senior unsecured notes to Ba3 from B1. Moody's affirmed the SGL-1
rating. The rating outlook is stable.

RATINGS RATIONALE

The ratings upgrade reflects XPO's robust operating performance and
Moody's expectations that a positive environment for transportation
and logistics markets will remain in place into 2019. This is
expected to support continued earnings and cash flow growth and a
gradually improving credit profile. The upgrade also recognizes
XPO's growing size and scale and the company's strong competitive
standing across multiple service offerings.

The Ba2 Corporate Family Rating reflects XPO's leading position in
a diverse set of markets including contract logistics, freight
brokerage, less-than-truckload, and last mile. Moody's expects
XPO's growing scale as well as on-going investments in
infrastructure and technology to continue to provide meaningful
value-add to its diversified customer base. This should solidify
the company's market position and enable future gains in market
share.

The secular growth of e-commerce coupled with a healthy economy and
tight capacity in transportation markets have supported very
meaningful topline and earnings growth and Moody's anticipates
year-over-year revenue and EBITDA growth in the mid-teens during
2018. This strong operating performance will translate into an
improving set of credit metrics and Moody's expects Moody's
adjusted Debt-to-EBITDA of less than 3x by the end of 2018. These
positive considerations are weighed against XPO's comparatively
limited operating history on a combined basis and an aggressive
growth strategy that reduces visibility into the company's
long-term risk profile. The rating also incorporates the cyclical
nature of the transportation industry that is prone to periodic
downturns, although the relatively stable nature of XPO's contract
logistics business (about 37% of sales) partially mitigates this
concern. The highly competitive and fast changing nature of
logistics and transportation markets that are vulnerable to
disruptions from technology and competitors acts as an additional
tempering consideration.

Moody's believes it is probable that XPO will resume its aggressive
acquisition strategy over the coming year. This is anticipated to
result in higher levels of Debt-to-EBITDA (although Moody's expects
leverage to remain below 4x) and a period of elevated execution
risk as the company absorbs what could potentially be one
large-sized or several medium-sized acquisitions. Notwithstanding
these concerns, Moody's views XPO's growing scale and robust cash
generation (2018 FCF-to-Debt expected to be in the high
single-digits) as affording the company some of the necessary
financial flexibility to accommodate a period of elevated leverage.
The rating also incorporates XPO's strong execution on previous
acquisitions and the expectation that a large-sized leveraging
transaction would be followed by a period of muted M&A activity
with a focus on reducing leverage to more sustainable levels.

The SGL-1 speculative grade liquidity rating denotes expectations
of a very good liquidity profile over the next twelve months. Cash
balances as of June 2018 were $361 million and Moody's anticipates
healthy free cash generation during 2018 with free cash of around
$600 million, which equates to FCF-to-Debt in the high
single-digits. External liquidity is provided by an undrawn $1
billion ABL facility that expires in 2020.

The stable outlook reflects the secular tailwinds in the logistics
industry and favorable conditions in transportation markets, both
of which are expected to support a stable operating profile.

The ratings could be upgraded if Debt-to-EBITDA was expected to
remain around or below 3.0x. An upgrade would be based on the
expectation that XPO will balance its aggressive growth strategy
and any future shareholder returns against a prudent financial
policy. Maintenance of a very good liquidity profile with
FCF-to-Debt at least in the mid-single-digits along with the
expectation that EBITDA margins will remain comfortably in the high
single-digits would be a prerequisite to any upgrade.

The ratings could be downgraded if Debt-to-EBITDA was expected to
remain above 4.0x. Weakening liquidity such that XPO became reliant
on revolver borrowings or if FCF-to-Debt was expected to stay in
the low-single digits could lead to a downgrade. Expectations of a
meaningful weakening of transportation markets or reduced
profitability such that EBITDA margins were anticipated to remain
below 7% could also result in downward rating pressure.

XPO's Term Loan B is rated two notches above the CFR at Baa3,
reflecting meaningful secured collateral support, especially from
the Con-way assets, and the significant cushion against loss
provided by the senior unsecured notes, which are rated Ba3, one
notch below the CFR to account for the higher claims burden from
the term loan. The rating on the senior unsecured notes was
overridden by one notch to Ba3 instead of Ba2 per the LGD model, to
account for its expectations of a debt-financed acquisition, which
is likely to be in part financed by senior secured indebtedness.

Issuer: XPO Logistics, Inc.

The following ratings were upgraded:

Corporate Family Rating, upgraded to Ba2 from Ba3

Probability of Default Rating, upgraded to Ba2-PD from Ba3-PD

$1,503 million senior secured term loan due 2025, upgraded to Baa3
(LGD2) from Ba1 (LGD2)

$535 million senior unsecured notes due 2023, upgraded to Ba3
(LGD4) from B1 (LGD4)

$1,200 million senior unsecured notes due 2022, upgraded to Ba3
(LGD4) from B1 (LGD4)

The following ratings were affirmed:

Speculative Grade Liquidity Rating, affirmed SGL-1

Outlook Actions:

Outlook, Remains Stable

The principal methodology used in these ratings was Global Surface
Transportation and Logistics Companies published in May 2017.

XPO Logistics, Inc., headquartered in Greenwich, CT, is leading
provider of supply chain solutions to a broad set of customers
across multiple industries including retail/e-commerce, food &
beverage, industrial/manufacturing, and automotive. Service
offerings include contract logistics, freight brokerage,
less-than-truckload, last mile and intermodal. The company
generates about 60% of sales in the U.S., 13% in France, 12% in the
U.K. and 15% in other countries. Revenues for the twelve months
ended June 2018 were approximately $16.6 billion.


YINGLI GREEN: Unit Withdraws Appeal to PRC Court's Ruling on Notes
------------------------------------------------------------------
Baoding Tianwei Yingli New Energy Company Limited, a subsidiary of
Yingli Green Energy Holding Company Limited, has recently withdrawn
its appeal to a PRC court's first-instance judgment, which ruled
that Tianwei Yingli should repay principal, related interest, and
overdue penalty of the medium-term notes due ("MTNs") Oct. 13, 2015
and May 12, 2016 issued by Tianwei Yingli to one of the holders of
those MTNs as described in the Company's announcement dated on May
18, 2018.

Yingli Green stated in a press release that Tianwei Yingli plans to
continue to communicate with the Note Holder regarding a feasible
payment scheme to satisfy the court judgment.

The principal amount of the MTNs held by the Note Holder as
recognized by the court was RMB65.7 million, representing
approximately 3.7% of the total amount of those MTNs that are still
outstanding.  The overdue penalties recognized by the court would
be calculated at a daily penalty interest rate of 0.021% and will
continue to accrue before the actual payment.

                      About Yingli Green Energy

Yingli Green Energy Holding Company Limited (NYSE: YGE), known as
"Yingli Solar", -- http://www.yinglisolar.com/-- is a solar panel
manufacturer.  Yingli Green Energy's manufacturing covers the
photovoltaic value chain from ingot casting and wafering through
solar cell production and solar panel assembly.  Headquartered in
Baoding, China, Yingli Green Energy has more than 20 regional
subsidiaries and branch offices and has distributed more than 20 GW
solar panels to customers worldwide.

Yingli Green reported a net loss attributable to the Company of
RMB3.31 billion for the year ended Dec. 31, 2017, compared to a net
loss attributable to the Company of RMB2.09 billion for the year
ended Dec. 31, 2016.  As of Dec. 31, 2017, Yingli Green had
RMB10.34 billion in total assets, RMB20.83 billion in total
liabilities and a total shareholders' deficit of RMB10.49 billion.

The report from the Company's independent accounting firm
PricewaterhouseCoopers Zhong Tian LLP on the consolidated financial
statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that facts and circumstances
including accumulated and recurring losses from operations,
negative working capital, cash outflows from operating activities,
and uncertainties regarding the repayment of financing obligations
raise substantial doubt about the Company's ability to continue as
a going concern.


[*] T&W Fetes 12 Outstanding Young Restructuring Lawyers Nov. 26
----------------------------------------------------------------
Once a year, Beard Group's publication, Turnarounds & Workouts,
recognizes a select number of young corporate restructuring
lawyers, who within the prior year, have compiled an impressive
list of achievements. On Nov. 26th, another group of distinguished
young attorneys will be honored at a dinner reception following the
Distressed Investing 2018 Conference. The 5 p.m. reception and the
25th annual conference will be held at The Harmonie Club, 4 E. 60th
St. in Midtown Manhattan.

This year's awardees include:

     * Adam Brenneman, Cleary Gottlieb Steen & Hamilton
     * Jonathan Canfield, Stroock & Stroock & Lavan LLP
     * Ryan Preston Dahl, Weil, Gotshal & Manges LLP
     * Christopher Greco, Kirkland & Ellis LLP
     * Vincent Indelicato, Proskauer Rose LLP
     * Brian J. Lohan, Arnold & Porter Kaye Scholer LLP
     * Jennifer Marines, Morrison & Foerster LLP
     * Christine A. Okike, Skadden, Arps, Slate, Meagher
       & Flom LLP
     * Peter B. Siroka, Fried, Frank, Harris, Shriver &
       Jacobson LLP
     * Matthew B. Stein, Kasowitz Benson Torres LLP
     * Eli Vonnegut, Davis Polk & Wardwell LLP
     * Matthew L. Warren, Latham & Watkins LLP

You can learn more about the honorees at
https://www.distressedinvestingconference.com/turnarounds--workouts-2018-outstanding-young-restructuring-lawyers.html

Earlier in the day, the Distressed Investing 2018 Conference will
offer attendees the latest insights and information on distressed
investing and bankruptcy from seasoned corporate restructuring
professionals. And, after a quarter of a century, the conference's
subject matter and presenters are as relevant today as they were
when we began. The developing agenda can be viewed at
https://www.distressedinvestingconference.com/agenda.html

We are also pleased to partner this year with both long-time and
new sponsors including:

   Corporate Sponsors:

     * Conway MacKenzie
     * DSI
     * Foley & Lardner LLP
     * Milbank
     * Morrison & Foerster LLP

   Knowledge Partner:
     * Pacer Monitor

   Media Sponsors:
     * Debtwire
     * Financial Times

Visit https://www.distressedinvestingconference.com/ for
registration details and information about this year's conference
agenda as well as highlights from past conferences.

To learn how you can be a sponsor and participate in shaping the
day-long program, contact:

           Bernard Tolliver at bernard@beardgroup.com
                  or Tel: (240) 629-3300 x-149

To learn about media sponsorship opportunities to bring your outlet
into the view of leaders in corporate restructuring, lending and
debt and equity investments, and to expand your network of news
sources, contact:

                Jeff Baxt at jeff@beardgroup.com
                   or (240) 629-3300, ext 150

Beard Group, Inc., publishes Turnarounds & Workouts, Troubled
Company Reporter, and Troubled Company Prospector.  Visit
http://bankrupt.com/freetrial/for a free trial subscription to one
or more of Beard Group's corporate restructuring publications.



[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re American Technical Services, Inc.
   Bankr. M.D. Fla. Case No. 18-08783
      Chapter 11 Petition filed October 12, 2018
         See http://bankrupt.com/misc/flmb18-08783.pdf
         represented by: Ann M Allison, Esq.
                         ALLISON LAW GROUP
                         E-mail: ann@allisonlaws.com

In re Paladin Hospitality, LLC
   Bankr. N.D. Ga. Case No. 18-67292
      Chapter 11 Petition filed October 12, 2018
         See http://bankrupt.com/misc/ganb18-67292.pdf
         represented by: William Anderson Rountree, Esq.
                         ROUNTREE & LEITMAN, LLC
                         E-mail: wrountree@randllaw.com

In re Daymark Solutions, Inc.
   Bankr. D. Kan. Case No. 18-22116
      Chapter 11 Petition filed October 12, 2018
         See http://bankrupt.com/misc/ksb18-22116.pdf
         represented by: Joanne B. Stutz, Esq.
                         EVANS & MULLINIX PA
                         E-mail: jstutz@emlawkc.com

In re Wow Wee, LLC
   Bankr. E.D. La. Case No. 18-12729
      Chapter 11 Petition filed October 12, 2018
         See http://bankrupt.com/misc/laeb18-12729.pdf
         represented by: Darryl T. Landwehr, Esq.
                         LANDWEHR LAW FIRM
                         E-mail: dtlandwehr@cox.net

In re FG Diner Inc.
   Bankr. E.D.N.Y. Case No. 18-45884
      Chapter 11 Petition filed October 12, 2018
         See http://bankrupt.com/misc/nyeb18-45884.pdf
         represented by: Lawrence Morrison, Esq.
                         MORRISON TENENBAUM, PLLC
                         E-mail: lmorrison@m-t-law.com

In re Stratospheric Incorporated
   Bankr. E.D.N.Y. Case No. 18-45885
      Chapter 11 Petition filed October 12, 2018
         See http://bankrupt.com/misc/nyeb18-45885.pdf
         Filed Pro Se

In re Robyn Elizabeth Dweck
   Bankr. E.D.N.Y. Case No. 18-45891
      Chapter 11 Petition filed October 12, 2018
         See http://bankrupt.com/misc/nyeb18-45891.pdf
         represented by: Joel M Shafferman, Esq.
                         SHAFFERMAN & FELDMAN LLP
                         E-mail: joel@shafeldlaw.com

In re Jetstream Aviation, Inc.
   Bankr. D. Idaho Case No. 18-01346
      Chapter 11 Petition filed October 12, 2018
         See http://bankrupt.com/misc/idb18-01346.pdf
         represented by: Patrick John Geile, Esq.
                         FOLEY FREEMAN, PLLC
                         E-mail: pgeile@foleyfreeman.com

In re Victor G. Lorica
   Bankr. E.D. Va. Case No. 18-13432
      Chapter 11 Petition filed October 12, 2018
         represented by: Edward Gonzalez, Esq.
                         LAW OFFICE OF EDWARD GONZALEZ, P.C.
                         E-mail: EG@money-law.com

In re Thistle Foundry & Machine Co., Inc.
   Bankr. W.D. Va. Case No. 18-71371
      Chapter 11 Petition filed October 12, 2018
         See http://bankrupt.com/misc/vawb18-71371.pdf
         represented by: Robert Tayloe Copeland, Esq.
                         COPELAND LAW FIRM, P.C.
                         E-mail: rtc@rcopelandlaw.com

In re Service Painting, Inc.
   Bankr. E.D. Pa. Case No. 18-16843
      Chapter 11 Petition filed October 13, 2018
         See http://bankrupt.com/misc/paeb18-16843.pdf
         represented by: Jeffrey Kurtzman, Esq.
                         KURTZMAN STEADY LLC
                         E-mail: Kurtzman@kurtzmansteady.com

In re John Palliser
   Bankr. C.D. Cal. Case No. 18-13756
      Chapter 11 Petition filed October 14, 2018
         represented by: Anerio V Altman, Esq.
                         LAKE FOREST BANKRUPTCY
                         E-mail:
LakeForestBankruptcy@jubileebk.net

In re Donna Barnhart
   Bankr. E.D. Ark. Case No. 18-15576
      Chapter 11 Petition filed October 15, 2018
         represented by: Lyndsey D. Dilks, Esq.
                         DILKS LAW FIRM
                         E-mail: ldilks@dilkslawfirm.com

In re IMM ON "H" LLC
   Bankr. D.D.C. Case No. 18-00674
      Chapter 11 Petition filed October 15, 2018
         See http://bankrupt.com/misc/dcb18-00674.pdf
         represented by: Richard J. Link, Esq.
                         KARPEL, LINK & CAPORALETTI, LLC           
              E-mail: rlinklaw@comcast.net

In re Stephanie N. Mapp, D.M.D., P.A.
   Bankr. M.D. Fla. Case No. 18-03612
      Chapter 11 Petition filed October 15, 2018
         See http://bankrupt.com/misc/flmb18-03612.pdf
         represented by: Jason A Burgess, Esq.
                         THE LAW OFFICES OF JASON A. BURGESS, LLC
                         E-mail: jason@jasonaburgess.com

In re Plastic PowerDrive Products, LLC
   Bankr. N.D. Ill. Case No. 18-28907
      Chapter 11 Petition filed October 15, 2018
         See http://bankrupt.com/misc/ilnb18-28907.pdf
         represented by: Richard G. Larsen, Esq.
                         SPRINGER BROWN, LLC
                         E-mail: rlarsen@springerbrown.com

In re SMTT, Inc.
   Bankr. S.D. Ind. Case No. 18-07892
      Chapter 11 Petition filed October 15, 2018
         See http://bankrupt.com/misc/insb18-07892.pdf
         represented by: Eric C. Redman, Esq.
                         REDMAN LUDWIG PC
                         E-mail: eredman@redmanludwig.com

In re Christine Floristina Spence
   Bankr. E.D.N.Y. Case No. 18-76962
      Chapter 11 Petition filed October 15, 2018
         represented by: Audrey Thomas, Esq.
                         LAW OFFICE OF AUDREY THOMAS PLLC
                         E-mail: audreythomasesq@gmail.com

In re Amethyst Pear Squared, LLC
   Bankr. S.D.N.Y. Case No. 18-13120
      Chapter 11 Petition filed October 15, 2018
         See http://bankrupt.com/misc/nysb18-13120.pdf
         represented by: Brian G. Hannon, Esq.
                         NORGAARD O'BOYLE
                         E-mail: bhannon@norgaardfirm.com

In re 974 Delavan Trust
   Bankr. W.D.N.Y. Case No. 18-12158
      Chapter 11 Petition filed October 15, 2018
         See http://bankrupt.com/misc/nywb18-12158.pdf
         represented by: James M. Joyce, Esq.
                         E-mail: jmjoyce@lawyer.com

In re Venture Capital Holdings LLC
   Bankr. N.D. Ohio Case No. 18-52465
      Chapter 11 Petition filed October 15, 2018
         See http://bankrupt.com/misc/ohnb18-52465.pdf
         represented by: Morris H. Laatsch, Esq.
                         E-mail: jwander@kzdylaw.com

In re Certificate Investments LTD
   Bankr. N.D. Ohio Case No. 18-52466
      Chapter 11 Petition filed October 15, 2018
         See http://bankrupt.com/misc/ohnb18-52466.pdf
         represented by: Morris H. Laatsch, Esq.
                         E-mail: jwander@kzdylaw.com

In re Marcia Realty LLC
   Bankr. N.D. Ohio Case No. 18-52468
      Chapter 11 Petition filed October 15, 2018
         See http://bankrupt.com/misc/ohnb18-52468.pdf
         represented by: Morris H. Laatsch, Esq.
                         E-mail: jwander@kzdylaw.com

In re Gary L. Thomas Roth Management LLC
   Bankr. N.D. Ohio Case No. 18-52469
      Chapter 11 Petition filed October 15, 2018
         See http://bankrupt.com/misc/ohnb18-52469.pdf
         represented by: Morris H. Laatsch, Esq.
                         E-mail: jwander@kzdylaw.com

In re Sammy James Hassan
   Bankr. D. Or. Case No. 18-33561
      Chapter 11 Petition filed October 15, 2018
         represented by: Christopher N. Coyle, Esq.
                         E-mail: vbcattorney4@yahoo.com

In re Dorothea Ann Cangelosi
   Bankr. S.D. Tex. Case No. 18-35799
      Chapter 11 Petition filed October 15, 2018
         See http://bankrupt.com/misc/txsb18-35799.pdf
         represented by: Larry A. Vick, Esq.
                         E-mail: lv@larryvick.com

In re Semira Ahmed Hussien
   Bankr. W.D. Wash. Case No. 18-13955
      Chapter 11 Petition filed October 15, 2018
         represented by: Emily A Jarvis, Esq.
                         WELLS AND JARVIS, P.S.
                         E-mail: emily@wellsandjarvis.com

In re Michael Vara
   Bankr. C.D. Cal. Case No. 18-12547
      Chapter 11 Petition filed October 16, 2018
         represented by: Onyinye N. Anyama, Esq.
                         ANYAMA LAW FIRM
                         E-mail: onyi@anyamalaw.com

In re Hakop Jack Aivazian
   Bankr. C.D. Cal. Case No. 18-22144
      Chapter 11 Petition filed October 16, 2018
         represented by: Leo Fasen, Esq.
                         LAW OFFICE OF LEO FASEN
                         E-mail: lfasen@aol.com

In re Herbert W. Gains and Beth A. Gains
   Bankr. C.D. Cal. Case No. 18-22155
      Chapter 11 Petition filed October 16, 2018
         represented by: Todd M Arnold, Esq.
                         Levene, Neale, Bender, Yoo & Brill LLP
                         E-mail: tma@lnbyb.com

In re Miriam LaVern Sumpter- Richard
   Bankr. M.D. Fla. Case No. 18-08855
      Chapter 11 Petition filed October 16, 2018
         represented by: Miriam L. Sumpter Richard, Esq.
                         FRESH START LAW FIRM, INC.
                         E-mail: miriam@freshstartlawfirm.com

In re Kevin Dean Roberts and Billie Sawyer Roberts
   Bankr. S.D. Ind. Case No. 18-71139
      Chapter 11 Petition filed October 16, 2018
         represented by: KC Cohen, Esq.
                         E-mail: kc@esoft-legal.com

In re Harry Richard Seibert and Mary Beth Seibert
   Bankr. D. Md. Case No. 18-23754
      Chapter 11 Petition filed October 16, 2018
         represented by: Philip James McNutt, Esq.
                         LAW OFFICE OF PHILIP J. MCNUTT
                         E-mail: pmcnutt@mcnuttlawoffice.com

In re Six Kids Holding LLC
   Bankr. E.D.N.Y. Case No. 18-77011
      Chapter 11 Petition filed October 16, 2018
         See http://bankrupt.com/misc/nyeb18-77011.pdf
         represented by: Mark E Cohen, Esq.
                         E-mail: MECESQ2@aol.com

In re Satyagraha, Inc.
   Bankr. S.D.N.Y. Case No. 18-36744
      Chapter 11 Petition filed October 16, 2018
         See http://bankrupt.com/misc/nysb18-36744.pdf
         represented by: Bethany A. Ralph, Esq.
                         LAW OFFICE OF BETHANY A. RALPH            
             E-mail: bralph2@aol.com

In re Native Sand, LLC
   Bankr. W.D. Okla. Case No. 18-14345
      Chapter 11 Petition filed October 16, 2018
         See http://bankrupt.com/misc/okwb18-14545.pdf
         Filed Pro Se

In re Ivan Javier Casellas Miranda and Agsamara Maria Vazquez Del
Valle
   Bankr. D.P.R. Case No. 18-06030
      Chapter 11 Petition filed October 16, 2018
         represented by: Myrna L. Ruiz Olmo, Esq.
                         MRO ATTORNEYS AT LAW, LLC
                         E-mail: mro@prbankruptcy.com

In re Benefit Consulting Group Of Pr, Inc
   Bankr. D.P.R. Case No. 18-06051
      Chapter 11 Petition filed October 16, 2018
         See http://bankrupt.com/misc/prb18-06051.pdf
         represented by: William Rivera Velez, Esq.
                         E-mail: wrvlaw@gmail.com

In re SG Property Management Inc.
   Bankr. E.D. Va. Case No. 18-13473
      Chapter 11 Petition filed October 16, 2018
         See http://bankrupt.com/misc/vaeb18-13473.pdf
         represented by: Jeffrey M. Sherman, Esq.
                         LAW OFFICES OF JEFFREY M. SHERMAN
                         E-mail: jeffreymsherman@gmail.com

In re Carlos Ozorio
   Bankr. S.D.N.Y. Case No. 18-23524
      Chapter 11 Petition filed October 09, 2018
         Filed Pro Se

In re Hardy Properties, LLC
   Bankr. N.D. Ala. Case No. 18-71656
      Chapter 11 Petition filed October 17, 2018
         See http://bankrupt.com/misc/alnb18-71656.pdf
         represented by: C Taylor Crockett, Esq.
                         C. TAYLOR CROCKETT, P.C.
                         E-mail: taylor@taylorcrockett.com

In re Recreate Med Spa LLC
   Bankr. D. Ariz. Case No. 18-12670
      Chapter 11 Petition filed October 17, 2018
         See http://bankrupt.com/misc/azb18-12670.pdf
         represented by: Bert L. Roos, Esq.
                         BERT L. ROOS, PC
                         E-mail: blrpc85015@msn.com

In re Elizabeth Plazas
   Bankr. C.D. Cal. Case No. 18-22190
      Chapter 11 Petition filed October 17, 2018
         represented by: Lionel E. Giron, Esq.
                         LAW OFFICES OF LIONEL E GIRON
                         E-mail: ecf@lglawoffices.com

In re RJ Cicchetti and Terri L. Cicchetti
   Bankr. E.D. Cal. Case No. 18-26554
      Chapter 11 Petition filed October 17, 2018
         represented by: Michael R. Totaro, Esq.

In re Angela Rose Martin and Roy Lee Martin
   Bankr. E.D. Ky. Case No. 18-51891
      Chapter 11 Petition filed October 17, 2018
         represented by: Brian D. Bailey, Esq.
                         MCCLURE, MCCLURE & BAILEY PLLC
                         E-mail: baileybriand@yahoo.com

In re Kinky Cab, Corp.
   Bankr. E.D.N.Y. Case No. 18-45956
      Chapter 11 Petition filed October 17, 2018
         See http://bankrupt.com/misc/nyeb18-45956.pdf
         represented by: Alla Kachan, Esq.
                         LAW OFFICES OF ALLA KACHAN, P.C.
                         E-mail: alla@kachanlaw.com

In re Carline Angeline Williams
   Bankr. E.D.N.Y. Case No. 18-45965
      Chapter 11 Petition filed October 17, 2018
         Filed Pro Se

In re Canyon Mountain Cafe LLC
   Bankr. D. Or. Case No. 18-63207
      Chapter 11 Petition filed October 17, 2018
         See http://bankrupt.com/misc/orb18-63207.pdf
         represented by: Matthew Mills, Esq.
                         MATTHEW D. MILLS, ATTORNEY AT LAW, LLC
                         E-mail: matt@mattmillslaw.com

In re Victor H. Maia
   Bankr. E.D. Pa. Case No. 18-16907
      Chapter 11 Petition filed October 17, 2018
         represented by: Edmond M. George, Esq.
                         OBERMAYER REBMANN MAXWELL & HIPPEL, LLP
                         E-mail: edmond.george@obermayer.com

In re BTO Trucking, LLC
   Bankr. D.S.C. Case No. 18-05250
      Chapter 11 Petition filed October 17, 2018
         See http://bankrupt.com/misc/scb18-05250.pdf
         represented by: R. Michael Drose, Esq.
                         DROSE LAW FIRM
                         E-mail: Drose@Droselaw.com

In re Laura Rene Van Galen
   Bankr. N.D. Cal. Case No. 18-31136
      Chapter 11 Petition filed October 18, 2018
         represented by: Michael C. Fallon, Esq.
                         LAW OFFICES OF MICHAEL C. FALLON
                         E-mail: mcfallon@fallonlaw.net

In re 620 Holdings Inc.
   Bankr. E.D.N.Y. Case No. 18-45983
      Chapter 11 Petition filed October 18, 2018
         See http://bankrupt.com/misc/nyeb18-45983.pdf
         Filed Pro Se

In re Alfred Lee Weaver
   Bankr. E.D.N.Y. Case No. 18-46002
      Chapter 11 Petition filed October 18, 2018
         Filed Pro Se

In re Hayver R Davalos
   Bankr. E.D.N.Y. Case No. 18-46008
      Chapter 11 Petition filed October 18, 2018
         represented by: Earl Antonio Wilson, Esq.
                         THE WILSON LAW FIRM LLC

In re Zephnia Moore
   Bankr. E.D. Va. Case No. 18-73685
      Chapter 11 Petition filed October 18, 2018
         Filed Pro Se


                            *********

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 ***