/raid1/www/Hosts/bankrupt/TCR_Public/181127.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, November 27, 2018, Vol. 22, No. 330

                            Headlines

4402 MAMMOTH INVESTORS: Hires Hennelly as Special Counsel
477 WEST: District Court Dismisses Delois Blakely's Appeal
90 WEST STREET: Oxford Finance to Fund Chapter 11 Plan Payments
ABACUS INVESTMENT: Proposes a $1 Million Sale of Tampa Property
AMERICAN TIRE: Bank Debt Trades at 14% Off

AMERICAN TRUCK: Has Interim Authorization on Cash Collateral Use
ANCHOR GLASS: Bank Debt Trades at 13% Off
APEX TOOL: Bank Debt Trades at 3% Off
ARALEZ PHARMACEUTICALS: Committee Objects to KEIP
ARCIMOTO INC: CEO Swaps 2MM Common Shares for Preferred Shares

ASTOR EB-5: Seeks to Hire Orshan P.A. as Counsel
BACHI BURGER: Seeks Authorization on Cash Collateral Use
BLITZ USA: Denial of Fred's Bid to Stay Cook, et al., Claims Upheld
BUCKINGHAM SENIOR: Fitch Cuts Bond Ratings to D; Off Watch Neg.
BUILDERS FIRSTSOURCE: Bank Debt Trades at 3% Off

CARAVAN TRANSPORTATION: Hires Jones Law Offices as Attorney
CENTRO CRISTIANO: Five Unsecureds to Get Final Payments on 2021
CENTRO GROUP: Committee Taps Kozyak Tropin as Legal Counsel
CHRISTOPHER PAYNE: DPL Suit vs SWL Transferred to E.D. Tex.
CIT GROUP: Fitch Affirms 'BB' LT IDRs & Alters Outlook to Positive

COLLECTIVE INC: Taps Wilmer Cutler as Legal Counsel
CS360 TOWERS: Taps Development Specialists as Financial Advisors
CYCLE-TEX INC: Seeks Authorization on Cash Collateral Use
DAYMARK PROPERTIES: Seeks to Hire Edelboim Lieberman as Counsel
DAYMARK PROPERTIES: Taps BMC Group as Claims and Noticing Agent

DEL MONTE: Bank Debt Trades at 13% Off
DIAMOND (BC): S&P Alters Outlook to Negative on Weak Credit Metrics
DITECH HOLDING: Bank Debt Trades at 10% Off
DIXIE ELECTRIC: Hires Prime Clerk as Administrative Advisor
DIXIE ELECTRIC: Seeks to Hire PJT Partners as Investment Banker

DIXIE ELECTRIC: Seeks to Hire Young Conaway as Co-Counsel
DIXIE ELECTRIC: Taps Simpson Thacher as Counsel
EASTMAN KODAK: Bank Debt Trades at 2% Off
ELAS LLC: Seeks Authority to Use Ocwen Cash Collateral
ELK RUN COAL: Court OK's Modification to Amended Consent Decree

FCA US: S&P Withdraws 'B +' Long-Term Issuer Credit Rating
FG DINER: Taps Morrison Tenenbaum as Legal Counsel
FKM REAL ESTATE: Dec. 27 Plan Confirmation Hearing
FRANCIS' DRILLING: Committee Taps Conway as Financial Advisor
FRANCIS' DRILLING: Committee Taps Greenberg Traurig as Counsel

FRONTIER COMMUNICATIONS: Bank Debt Trades at 5% Off
GENWORTH LIFE: Fitch Lowers IFS Ratings to B-, Outlook Evolving
GOGO INC: Issues $215MM $6.00% Convertible Senior Notes
GREAT FOOD: Permitted to Use Cash Collateral Through March 31
GULF FINANCE: Bank Debt Trades at 20% Off

HANGING HOOK: Dec. 18 Plan Confirmation Hearing
HARDLINE HEAVY: Taps Birchler Fitzhugh as Legal Counsel
HUSKY INJECTION: Bank Debt Trades at 7% Off
J. HOWARD RESTAURANT: Tex. Judge Approves Disclosure Statement
JANET SUE PLESTER: Court Confirms Amended Plan of Reorganization

KLOECKNER PENTAPLAST: Bank Debt Trades at 6% Off
LA CASA DE PEDRO: Cash Collateral Hearing Continued to December 12
LANNETT CO: Bank Debt Trades at 20% Off
LDR INDUSTRIES: Losses Summary Judgment Bid vs Hanover Insurance
LONGFIN CORP: Ceases Operations, To Liquidate All Assets

LUNDIN MINING: Moody's Withdraws Ba2 CFR on Debt Repayment
MARQUE MOTOR: Taps CliftonLarsonAllen as Accountant
MARQUE MOTOR: Taps Cohen Johnson, Barnabi as Legal Counsel
MCDERMOTT INTERNATIONAL: Bank Debt Trades at 4% Off
MCGRAW-HILL GLOBAL: Bank Debt Trades at 7% Off

MD AMERICA: S&P Rates New $200MM Sr. Term Loan Due 2023 'B-'
MGM GROWTH: Fitch Assigns BB+ Corp. Family Rating, Outlook Stable
MIKE & HENRY: Taps Crane Simon as Legal Counsel
MORRIS AND HADLEY: Seeks Authorization on Cash Collateral Use
MULTIFLORA GREENHOUSES: 3rd Interim Cash Collateral Order Entered

MYSTERY ROOM: Taps Robl Law Group as Legal Counsel
N&A PRODUCE: Taps Alla Kachan as Legal Counsel
NEIMAN MARCUS: Bank Debt Trades at 9% Off
NORTHSTAR OFFSHORE: Loses Summary Ruling Bid vs M&M Lien Claimants
NOVA TERRA: Unsecureds to Get 5% over 60 Months

OVERSEAS SHIPHOLDING: S&P Affirms 'B-' ICR & Alters Outlook to Neg.
PEPPERELL MILLS: Judge Signs Fifth Interim Cash Collateral Order
PETSMART INC: Bank Debt Trades at 15% Off
PGHC HOLDINGS: May Obtain $2-Mil. Financing, Use Cash Collateral
PUERTO RICAN PARADE: Ayala Buying Chicago Property for $955K

R & B SERVICES: Seeks Authorization on Cash Collateral Use
RACKSPACE HOSTING: $1.9-Bil. Bank Debt Trades at 4% Off
RACKSPACE HOSTING: $800MM Bank Debt Trades at 4% Off
REPUBLIC METALS: Files Amended Proposed Cash Collateral Budget
RESOLUTE ENERGY: Fitch Puts 'B-' IDR on Watch Pos. on Cimarex Deal

REVSTONE INDUSTRIES: Clemmens' Objections to Ct. Findings Overruled
REX ENERGY: Liquidation Plan Declared Effective
RIVERBED TECHNOLOGY: Bank Debt Trades at 3% Off
RMH FRANCHISE: Unsecured Creditors Objects to Plan
SEADRILL LIMITED: Bank Debt Trades at 12% Off

SERTA SIMMONS: Bank Debt Trades at 11% Off
SHERIDAN INVESTMENT I: Moody's Reviews Caa3 CFR for Upgrade
SHREE SWAMINARAYAN: Dec. 20 Plan Confirmation Hearing
SKILLSOFT CORPORATION: Bank Debt Trades at 9% Off
SKY-SKAN INC: NH Revenue Admin. Objects to Disclosure Statement

SOUNDVIEW ELITE: Trustee Wins Summary Judgment Bid vs SCM, et al.
ST. JUDE NURSING: Seeks Authorization on Cash Collateral Use
TAMMY LONG: Court Narrows Claims in Suit vs Bank of America
TAPSTONE ENERGY: Moody's Lowers Sr. Unsecured Notes to Caa2
THERMASTEEL INC: Taps Richard D. Scott as Legal Counsel

UNIVISION COMMUNICATIONS: Bank Debt Trades at 7% Off
US SILICA: Bank Debt Trades at 11% Off
VAUGHAN COMPANY: 10th Cir. Affirms Dismissal of Lankfords' Appeal
VERITAS SOFTWARE: Bank Debt Trades at 6% Off
WAGGONER CATTLE: Unsecured to Get 5% Over 10 Yrs. Beginning 2019

WALLDESIGN INC: 9th Cir. Upholds Ruling Against Bella Casa Property
WISCONSIN PFA: Moody's Rates $26MM 2018A-1 & 2018A-2 Bonds 'Ba1'
WJA ASSET: Wolfe Buying TD REO's Temecula Property for $1.1M
WOODLAWN COMMUNITY: Seeks Authority to Use IRS Cash Collateral

                            *********

4402 MAMMOTH INVESTORS: Hires Hennelly as Special Counsel
---------------------------------------------------------
4402 Mammoth Investors, LLC, seeks authority from the U.S.
Bankruptcy Court for the Central District of California to employ
Hennelly & Grossfeld LLP, as its special litigation counsel.

4402 Mammoth Investors requires Hennelly to represent it and
provide legal services in the pending case entitled General
Concepts, Inc. v. 4402 Mammoth Investors, LLC, Case No. BC591672;
and 26 Malibu, LLC, et al. v. 126 Valencia, LLC, et al., Case No.
SC124734.

Hennelly will be paid at the hourly rate of $360.

Before the bankruptcy filing, the Debtor owed Hennelly the amount
of $8,889.51.

As of the bankruptcy filing, from February 26, 2018 to October 9,
2018, Hennelly incurred $66,342 of fees and $2,159.29 of costs for
services rendered on behalf of the Debtor.

Hennelly will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Ronald K. Giller, partner of Hennelly & Grossfeld LLP, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Hennelly can be reached at:

     Ronald K. Giller, Esq.
     HENNELLY & GROSSFELD LLP
     4640 Admiralty Way, Suite 850
     Marina Del Rey, CA 90292
     Tel: (310) 305-2100
     Fax: (310) 305-2116
     E-mail: griller@hgla.com

              About 4402 Mammoth Investors, LLC

Real estate lessor 4402 Mammoth Investors, LLC, holds a single
asset, a residential single family residence located at 120
Stonehaven Way, Los Angeles, California. The Company previously
sought bankruptcy protection on Sept. 26, 2016 (Bankr. C.D. Cal.
Case No. 16-22700).

4402 Mammoth Investors, LLC, based in Glendale, CA, filed a Chapter
11 petition (Bankr. C.D. Cal. Case No. 18-12055) on Feb. 26, 2018.
The Hon. Julia W. Brand presides over the case. In the petition
signed by Arthur R. Aslanian, manager, the Debtor estimated $1
million to $10 million in both assets and liabilities. Mark T.
Young, Esq., at Donahoe & Young LLP, serves as bankruptcy counsel.
Greenberg Glusker Fields Claman & Machtinger LLP; Hennelly &
Grossfeld LLP, as special litigation counsels.


477 WEST: District Court Dismisses Delois Blakely's Appeal
----------------------------------------------------------
District Judge John G. Koeltl dismissed the appeals case captioned
DR. QUEEN MOTHER DELOIS BLAKELY, Appellant, v. GREGORY M. MESSER,
Appellee, No. 18-cv-6264 (JGK) (S.D.N.Y.).

The appellant, one of five shareholders of 477 West 142nd Street
Housing Development Fund Corp., appealed the bankruptcy court's
denial of her motion to vacate the sale of property.   

The debtor owned an apartment building located at 477 West 142nd
Street, New York, New York ("the Property"). In August 2015, the
debtor filed a voluntary petition under Chapter 11 of the
Bankruptcy Code. The debtor continued in possession of the Property
until Gregory M. Messer, the appellee, was appointed as the Chapter
11 Trustee. A final reorganization plan, which was supported by all
shareholders except the appellant, was filed by a secured creditor
and ultimately confirmed by the bankruptcy court in a December 4,
2017 order.  In accordance with the Plan, the Property was sold and
transferred to the plan funder's designee under 11 U.S.C. section
1129.  

On May 11, 2018, months after the Property was sold, the appellant
filed a motion to vacate the sale. The bankruptcy court denied the
motion in a June 11, 2018 order. The appellant filed a notice of
appeal from that order on June 20.

The appellee contends that the appeal must be dismissed because (1)
it is an impermissible collateral attack on the bankruptcy court's
order confirming the Plan, and (2) the appellant did not meet her
obligations under Federal Rule of Bankruptcy Procedure 8009.

The Court holds that the appellant cannot attack collaterally the
Property's sale in this appeal. The appellant raises issues that
were resolved in the bankruptcy court's December 4, 2017 order
confirming the Plan and authorizing the sale of the Property.
However, the appellant did not timely appeal that order.  The
appellant cannot attack the bankruptcy court's December 4, 2017
order collaterally by appealing the bankruptcy court's denial of a
separate motion she filed in May 2018.

Moreover, the appeal must be dismissed as moot. The appellant
neither timely appealed the bankruptcy court's December 4, 2017
order nor obtained a stay of the Property's sale. The appellee
closed on the sale of the Property to a purchaser who the
bankruptcy court found to be a good-faith purchaser. This sale
cannot be undone here. The appellant's appeal must also be
dismissed because she has not demonstrated "excusable neglect"
regarding her failure to provide the material required by Federal
Rule of Bankruptcy Procedure 8009.

A copy of the Court's Memorandum Opinion and Order dated Nov. 6,
2018 is available at https://bit.ly/2PK1KAm from Leagle.com.

Dr. Queen Mother Delois Blakely, Appellant, pro se.

Gregory M. Messer, Appellee, represented by Adam P. Wofse --
awofse@lhmlawfirm.com -- Lamonica Herbst & Maniscalco, LLP, Gary F.
Herbst -- gfh@lhmlawfirm.com -- Lamonica Herbst & Maniscalco, LLP &
David Adam Blansky -- dab@lhmlawfirm.com -- Lamonica Herbst &
Maniscalco, LLP.

               About 477 West 142nd Street

477 West 142nd Street Housing Dev. Fund Corp. is primarily in the
business of ownership of real property located at 477 West 142nd
Street, New York, New York, also known as 1661-1669 Amsterdam
Avenue, New York, New York.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 15-12178) on Aug. 5, 2015.

The court appointed Gregory Messer, Esq., as Chapter 11 trustee by
orders dated March 17 and 21, 2016.  The trustee is represented by
Adam P. Wofse, Esq., at Lamonica Herbst & Maniscalco, LLP.


90 WEST STREET: Oxford Finance to Fund Chapter 11 Plan Payments
---------------------------------------------------------------
90 West Street LLC filed with the U.S. Bankruptcy Court for the
Eastern District of New York a disclosure statement and a Chapter
11 plan of reorganization.

The plan shall be funded by Oxford Finance LLC. All monies
necessary to fully consummate the plan shall be remitted by Oxford
to the Disbursing Agent by Oxford no later than three business days
prior to the Effective Date, unless paid earlier. Professional
Claims shall be paid by Oxford upon entry of an appropriate Order
of the Bankruptcy Court approving the same.

According to the plan, Oxford shall pay all allowed unsecured
general claims in full on the Effective Date, although, to date, no
such claims have been filed or scheduled.

Moreover, under Class 1, Oxford's allowed secured claim shall be
deemed satisfied in full by virtue of its credit bid, while under
Class 2, Oxford shall pay outstanding real estate taxes in full, if
any, on the Effective Date.

The Debtor is represented by:

     Kevin J. Nash, Esq.
     GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP
     1501 Broadway, 21st Floor
     New York, NY 10036

A full-text copy of the Disclosure Statement dated November 15,
2018, is available at:

     http://bankrupt.com/misc/nyeb18-40515-79.pdf

                About 90 West Street

90 West Street LLC is a privately-held company in Brooklyn, New
York, engaged in activities related to real estate.  It owns the
real property occupied by its affiliate Woodbriar Health Center
LLC, which operates a nursing home facility located at 90 West
Street, Wilmington, Massachusetts.  

The company, together with WHC, was organized in March 2015 to
acquire the facility for $22 million.  The acquisition included
both the real property on which the facility is located and the
nursing home itself.  90 West Street is related to Keen Equities,
which sought bankruptcy protection on Nov. 12, 2013 (Bankr.
E.D.N.Y. Case No. 13-46782).

90 West Street sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 18-40515) on Jan. 30, 2018.  In the
petition signed by Y.C. Rubin, chief restructuring officer, the
Debtor estimated assets and liabilities of $1 million to $10
million.  

Judge Carla E. Craig presides over the case.  90 West Street tapped
Goldberg Weprin Finkel Goldstein LLP as its legal counsel.


ABACUS INVESTMENT: Proposes a $1 Million Sale of Tampa Property
---------------------------------------------------------------
Abacus Investment Group, Inc. asks the U.S. Bankruptcy Court for
the Middle District of Florida asks to authorize (i) the sale of
the real property known and designated as 441 Lucerne Ave, Tampa,
Florida to Jeffery Diamond and Hilary Black for $1 million; and
(ii) the payment of a broker's commission to professional real
estate broker Coldwell Banker Residential Real Estate, LLC.

The Debtor is the owner of the Real Property which property was
listed on Schedule A filed with its petition having a value of $1.2
million.

On Oct. 22, 2018, the Debtor entered into a contract to sell the
Real Property to the Purchasers for a purchase price of $1
million.

The Real Property is subject to outstanding liens and encumbrances
having approximate balance(s) as follows: undetermined; the first
mortgage lien of $ 1,108,267 claimed by US BANK is disputed.  This
amount includes a claimed prepetition arrearage of $541,075.  The
Debtor anticipates that after payment of all property taxes,
closing costs and other customary expenses of the sale plus a
potential charge of $80,000 for required property repairs, there
will be net proceeds remaining in the approximate amount of $
820,000, which amount is greater than the available statutory
exemption and the Debtors desire to remit any amount above the
statutory exemption to the Chapter 11 Trustee for application to
approved claims under their confirmed plan.

The proposed sale will not affect the Debtor's ability to
successfully complete their Chapter 11 plan or adversely affect the
interests of the bankruptcy estate or creditors.

To facilitate the proposed sale, the Debtor engaged a disinterested
professional real estate broker, and request approval to pay the
Broker a commission of 5%, which amount is fair and customary in
residential sales and to be paid at closing of the sale of the real
property together with outstanding liens, encumbrances, property
taxes, and other customary closing expenses.

The Debtor respectfully asks the approval of the presumptive
attorney's fee of $500 as reasonable value of services provided to
the Debtor related to the filing of the Motion, to be paid through
the Debtor's plan by the Chapter 11 Trustee.

Finally, the Debtor asks the Order granting the Motion be effective
immediately upon entry and not stayed pursuant to Bankruptcy Rule
6004(g).

                  About Abacus Investment Group

Abacus Investment Group, Inc.'s principal assets are located at
Hillsborough & Pinellas County, Tampa, Florida.  Herb Miller owns
100% of the company's common stock.  The company was founded in
2010.

Abacus Investment Group sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 17-10224) on Dec. 9,
2017.  In the petition signed by CFO Donna Steenkamp, the Debtor
disclosed $1.74 million in assets and $3.89 million in
liabilities.

Judge Catherine Peek McEwen presides over the case.  Peter Berkman
Attorney, PLLC, is presently serving as the Debtor's legal
counsel,
after replacing Palm Harbor Law Group, P.A.



AMERICAN TIRE: Bank Debt Trades at 14% Off
------------------------------------------
Participations in a syndicated loan under which American Tire
Distributors Incorporated is a borrower traded in the secondary
market at 86.13 cents-on-the-dollar during the week ended Friday,
November 16, 2018, according to data compiled by LSTA/Thomson
Reuters MTM Pricing. This represents a decrease of 2.68 percentage
points from the previous week. American Tire pays 425 basis points
above LIBOR to borrow under the $720 million facility. The bank
loan matures on October 1, 2021. Moody's withdrew the rating of the
loan and Standard & Poor's gave a 'D' rating to the loan. The loan
is one of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, November 16.


AMERICAN TRUCK: Has Interim Authorization on Cash Collateral Use
----------------------------------------------------------------
The Hon. Sarah A. Hall of the U.S. Bankruptcy Court for the Western
District of Oklahoma has signed an agreed interim order authorizing
American Truck Training, Inc.'s use of cash collateral.

The cash collateral may only be used to fund the types and
corresponding amounts of itemized expenditures contained in the
budget to the extent necessary to prevent immediate and irreparable
harm. The Debtor may use cash collateral in excess of the amount
designated for a particular line-item so long as the percentage of
deviation of each line during any rolling 4-week period does not
exceed 10% in aggregate. Any unused portion of the Variance will
carry over to the following rolling 4-week period.

The Internal Revenue Service's secured tax claims are based upon
federal tax liens, for which the IRS claims to have properly filed
pre-petition notices of federal tax liens. To the extent valid, the
federal tax liens attach to property and rights to property of the
Debtor. Quail Creek Bank, N.A.'s secured claims are secured by
properly perfected priority liens and security interests.

The Debtor will provide Quail Creek and the IRS an initial aging of
all accounts receivable and accounts payable and a list of all
inventory, plus total current operating expenses and total current
collections. This report must be updated and provided to the
Secured Creditors by the 30th day of each month.

Quail Creek and the IRS are entitled to a validly perfected first
priority lien on and security interests in the Debtor's
post-petition collateral subject to existing valid, perfected and
superior liens in the collateral held by other creditors, if any,
and the Carve-out. Said lien will be in addition to the liens that
the IRS and Quail Creek had in the assets and property of the
Debtor as of the Petition Date, which liens extend to and encumber
the proceeds and products of the property of the Debtor in
existence as of the Petition Date.

In the event of and only in case of diminution of value of the
Secured Creditors' interests in the collateral, the Secured
Creditors will be entitled to superpriority claim that will have
priority in the Debtor's bankruptcy case over all priority claims
and unsecured claims against the Debtor and its estate, now
existing or hereafter arising.

The Debtor will make post-petition monthly payments to Quail Creek
in an amount equal to the paid pre-petition, pursuant to Debtor's
pre-petition loan documents with Quail Creek. In addition,
beginning 60 days after the Petition Date, the Debtor will make
post-petition monthly payments to the IRS equal to $7,240.

The Debtor will be required to insure to its full value all
collateral subject to Quail Creek's and the IRS' liens. The Debtor
will furnish evidence of insurance to Quail Creek and the IRS upon
request.

A final hearing to consider Debtor's use of cash collateral is set
for November 27, 2018 at 9:30 a.m.

A full-text copy of the Agreed Interim Order is available at:

           http://bankrupt.com/misc/okwb18-14438-27.pdf

                 About American Truck Training

American Truck Training Inc. is a commercial truck driving school
that was formed to address the infinite need for new and
experienced professional truck drivers in the United States.

American Truck Training sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Okla. Case No. 18-14438) on Oct. 22,
2018.  In the petition signed by Jerome Redmond, owner, the Debtor
disclosed $363,000 in assets and $2,146,379 in liabilities.  Judge
Sarah A. Hall presides over the case.  The Debtor tapped Mitchell &
Hammond as its legal counsel.


ANCHOR GLASS: Bank Debt Trades at 13% Off
-----------------------------------------
Participations in a syndicated loan under which Anchor Glass
Container Corporation is a borrower traded in the secondary market
at 87.50 cents-on-the-dollar during the week ended Friday, November
16, 2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.49 percentage points from
the previous week. Anchor Glass pays 275 basis points above LIBOR
to borrow under the $646 million facility. The bank loan matures on
December 21, 2023. Moody's rates the loan 'B2' and Standard &
Poor's gave a 'B-' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, November 16.


APEX TOOL: Bank Debt Trades at 3% Off
-------------------------------------
Participations in a syndicated loan under which Apex Tool Group is
a borrower traded in the secondary market at 97.00
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.40 percentage points from
the previous week. Apex Tool pays 375 basis points above LIBOR to
borrow under the $913 million facility. The bank loan matures on
February 1, 2022. Moody's rates the loan 'B2' and Standard & Poor's
gave a 'B' rating to the loan. The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday,
November 16.


ARALEZ PHARMACEUTICALS: Committee Objects to KEIP
-------------------------------------------------
BankruptcyData.com reported that Official Committee of Unsecured
Creditors filed an objection to Aralez Pharmaceuticals' US KEIP
motion.

BankruptcyData related that the Committee asserted, "The Committee
recognizes that, as a general matter, incentive and retention plans
that meet applicable statutory requirements and are well-designed
to achieve value-accretive objectives are appropriate. With that
framework in mind, and after conducting appropriate diligence, the
Committee has determined that the KERP should be approved. The
Committee does not, however, reach the same conclusion respecting
the KEIP. The KEIP does not comport with Section 503(c) and is not
designed to achieve value-accretive objectives. Rather, it bears
the hallmarks of a disguised retention plan, with targets that are
quintessential 'lay-ups' and that reward the Executives for simply
showing up for work (for which they otherwise draw salary) until
estate assets are sold over the next few weeks."

                  About Aralez Pharmaceuticals

Aralez Pharmaceuticals Inc. -- http://www.aralez.com/-- is a   
specialty pharmaceutical company focused on delivering products to
improve patients' lives by acquiring, developing and
commercializing products in various specialty areas.  

The Company together with its affiliates filed for Chapter 11
protection on Aug. 10, 2018 (Bankr. S.D.N.Y. Lead Case No.
18-12425).  The Debtor estimated assets and liabilities between
$100 million and $500 million.

The Hon. Martin Glenn presides over the Debtors' Chapter 11 cases.

The Debtors tapped Willkie Farr & Gallagher LLP, as their counsel;
Alvarez & Marsal Healthcare Industry Group, LLC as restructuring
and financial advisor; Moelis & Company as investment banker; RSM
US LLP as tax advisor; and Prime Clerk LLC as claims, noticing and
solicitation agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on August 27, 2018.   The committee tapped
Brown Rudnick LLP as legal counsel; Berkeley Research Group, LLC
and Dundon Advisers LLC as financial advisors; and Baily Homan
Smyth McVeigh, Solicitors and McMillan LLP as special counsel.


ARCIMOTO INC: CEO Swaps 2MM Common Shares for Preferred Shares
--------------------------------------------------------------
Mark Frohnmayer, the president, chief executive officer and
chairman of the Board of Directors of Arcimoto, Inc. has agreed to
exchange 2,000,000 of his shares of Company common stock for
2,000,000 shares of the Company's newly created Class C preferred
stock, pursuant to an exchange agreement entered into by the
parties on Nov. 15, 2018.

Prior to the effectiveness of the Exchange Agreement, Articles of
Amendment to the Company's Second Amended and Restated Articles of
Incorporation were declared effective by the Oregon Secretary of
State, creating a new series of authorized preferred stock, no par
value per share, designated as the Class C Preferred Stock.  The
number of shares constituting the Class C Preferred Stock was set
at 2,000,000 shares, and following the Exchange Agreement, the only
holder of those shares of Class C Preferred Stock is Mr.
Frohnmayer.

The 2,000,000 shares of Class C Preferred Stock will automatically
convert into 2,000,000 shares of common stock upon the filing of an
amendment to the Company's Restated Articles that increases the
number of authorized shares of common stock.  The Class C Preferred
ranks, as to payment of dividends and distribution of assets upon
dissolution, liquidation or winding up of the Company, pari passu
with the shares of common stock issued by the Company. Except as
otherwise required by law or expressly provided in the Related
Articles, each share of Class C Preferred Stock has one vote for
the election of directors and on all matters submitted to a vote of
shareholders of the Company.  The Company is not obligated to
redeem or repurchase any shares of Class C Preferred Stock.  Shares
of Class C Preferred Stock are not otherwise entitled to any
redemption rights, or mandatory sinking fund or analogous fund
provisions.

                 Public Offering of Common Stock

On Nov. 19, 2018, the Company entered into Subscription Agreements
with certain investors, relating to a public offering of 504,900
shares of the Company's common stock directly to investors.  The
offering price was $3.00 per share.

The proceeds to the Company from the Offering are approximately
$1.5 million, before deducting estimated expenses associated with
the Offering that are payable by the Company.  The Company intends
to use the proceeds of the Offering for general corporate purposes,
including to cover its operating expenses, inventory and offering
costs.

The Offering was made pursuant to the Company's registration
statement on Form S-3 (File No. 333-227683), previously filed with
the Securities and Exchange Commission on Oct. 3, 2018, and
declared effective by the SEC on Oct. 17, 2018, a base prospectus
forming a part of the effective registration statement, a
preliminary prospectus supplement dated Nov. 16, 2018 and a
prospectus supplement dated Nov. 20, 2018.

                       About Arcimoto, Inc.

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

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

Arcimoto incurred a net loss of $3.31 million in 2017 and a net
loss of $1.91 million in 2016.  As of Sept. 30, 2018, the Company
had $11.81 million in total assets, $3.08 million in total
liabilities, and $8.72 million in total stockholders' equity.


ASTOR EB-5: Seeks to Hire Orshan P.A. as Counsel
------------------------------------------------
Astor EB-5, LLC, seeks authority from the U.S. Bankruptcy Court for
the Southern District of Florida to employ Orshan, P.A., as counsel
to the Debtor.

Astor EB-5 requires Orshan, P.A. to:

   a. advise the Debtor with respect to its rights, powers and
      duties as debtor-in-possession and its continued operation;

   b. prepare on behalf of the Debtor all necessary and
      appropriate applications, motions, draft orders, other
      pleadings, notices, schedules and other documents, and
      review all financial and other reports to be filed in the
      Chapter 11 case;

   c. advise the Debtor concerning, and prepare responses to,
      applications, motions, other pleadings, notices and other
      papers that may be filed and served in the bankruptcy
      proceedings;

   d. advise the Debtor with respect to, and assist in the
      negotiation and documentation of, financing agreements,
      debt and cash collateral orders and related transactions;

   e. review the nature and validity of any liens asserted
      against the Debtor's property and advise the Debtor
      concerning the enforceability of such liens;

   f. counsel the Debtor in connection with the formulation,
      negotiation and promulgation of a plan of reorganization
      and related documents;

   g. advise and assist the Debtor in connection with any
      potential property dispositions;

   h. advise the Debtor concerning executor contract and
      unexpired lease assumptions, assignments and rejections and
      lease restructurings and recharacterizations;

   i. assist the Debtor in reviewing, estimating and resolving
      claims asserted against the Debtor's estate;

   j. commence and conduct any and all litigation necessary or
      appropriate to assert rights held by the Debtor, protect
      assets of the Debtor's Chapter 11 estate or otherwise
      further the goal of completing the Debtor's successful
      reorganization;

   k. provide general corporate, litigation and other non-
      bankruptcy services for the Debtor as requested by the
      Debtor; and

   l. perform all other necessary or appropriate legal services
      in connection with the Chapter 11 case for or on behalf of
      the Debtor.

Orshan, P.A. will be paid at these hourly rates:

     Attorneys                  $475
     Associates                 $250
     Paralegals                 $125

Orshan, P.A. will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Paul L. Orshan, partner of Orshan, P.A., assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estates.

Orshan, P.A. can be reached at:

     Paul L. Orshan, Esq.
     ORSHAN, P.A.
     701 Brickell Avenue, Suite 2000
     Miami, FL 33131
     Tel: (305) 529-9380
     Fax: (305) 402-0777

              About Astor EB-5, LLC

Astor EB-5, LLC is a Florida limited liability company doing
business as Hotel Astor. Located a few blocks from the beach, this
art deco boutique hotel with original 1930s terrazzo floors offers
modern rooms, private terraces with courtyard, and on-site pools,
among other amenities. Visit http://hotelastor.comfor more
information.

Astor EB-5, LLC, based in Miami, FL, filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 18-24170) on November 14, 2018. The Hon.
Jay A. Cristol presides over the case. Paul L. Orshan, Esq., at
Orshan, P.A., serves as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by David J.
Hart, manager.


BACHI BURGER: Seeks Authorization on Cash Collateral Use
--------------------------------------------------------
Bachi Burger, LLC, and Green Revolutions LLC seek authorization
from the U.S. Bankruptcy Court for the District of Nevada to use
cash collateral in the ordinary course of its business during the
pendency of their bankruptcy cases.

The Debtors intend to use cash collateral, including cash on hand,
proceeds and profits that may be received post-petition, as
necessary to the continued operation of the Business and as
necessary to avoid immediate and irreparable harm. The Debtors
request that they be permitted to use cash collateral in excess of
such amount set forth in the Budget, so long as the percentage of
deviation for each line item will not exceed 15% for said
expenditures with positive variances carrying forward.

The Debtors' Chapter 11 Cases were principally filed to forestall
certain aggressive collection actions by the State of Nevada
Department of Taxation and the Internal Revenue Service for certain
tax liabilities arising out of or relating to the Businesses. The
Debtors believe the State of Nevada Department of Tax has recorded
certain secured tax liens against the Debtor, and thus potentially
has an interest in the Debtor's cash collateral.

The only other party with a potential security interest in and to
the Debtors' cash collateral is East Bay Cap, LLC a/k/a Snap Cap
who provided certain accounts receivables financing and apparently
asserts a security interest in substantial all of the Debtors'
personal property.

Both alleged Secured Creditors' alleged interests will be
adequately protected through the continued operations of the
Debtors' business and the resulting preservation of value, which
continued operations will also allow the Debtors to generate the
funds necessary to fund its proposed chapter 11 plan of
reorganization that will pay each of these creditors in full.

As and for additional adequate protection, the Debtors propose to
grant the secured creditors, in the same priorities as existed
pre-petition, the following: (a) a superpriority claim under
section 507(b) of the Bankruptcy Code against the Debtor and its
estate; and (b) valid and perfected replacement security interests
in and liens upon the Debtors' assets and property, and proceeds
thereof, however, only to the extent of any decrease in value of
its properly perfected security interests in and to its collateral
occurring from and after the Petition Date.

The Debtors do not propose to make any adequate protections
payments during the pendency of the Chapter 11 Cases because they
will be proceeding with plan confirmation proceedings in short
order.

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

            http://bankrupt.com/misc/nvb18-16584-19.pdf

                 About Bachi Burger LLC and Green
                          Revolutions LLC

Bachi Burger LLC owns and operates the Bachi Burger restaurant
located at 9410 W. Sahara Avenue, Suite 150, Las Vegas, Nevada.
Green Revolutions LLC owns and operates the Bachi Burger restaurant
located at 470 E. Windmill Lane, Suite 100, Las Vegas, Nevada.
Both restaurants specialize in Asian-style gourmet burgers and
sides.  

Bachi Burger and Green Revolutions sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Nev. Case Nos. 18-bk-16584 and
18-16585) on Nov. 1, 2018.  In the petition signed by Lorin Watada,
managing member, both debtors estimated assets of less than
$100,000 and liabilities of $500,000.


BLITZ USA: Denial of Fred's Bid to Stay Cook, et al., Claims Upheld
-------------------------------------------------------------------
Respondents Melinda Cook, as the mother of Jacob N., and Alice
Hazel, as guardian ad litem brought separate actions against
Fred's, Inc. to recover for injuries Jacob N. sustained when a
portable gasoline container exploded. Fred's moved to permanently
enjoin or stay the claims, arguing they were subject to an
injunction established during bankruptcy proceedings. The circuit
court denied the motion. The Court of Appeals of South Carolina
affirms the circuit court's decision.

Fred's argues the circuit court erred in: (1) finding Respondents'
negligence claim was outside the scope of the release and
Channeling Injunction, and (2) holding the claim did not trigger
the right of indemnification in accordance with the Bankruptcy
order and Indemnity Agreement with Blitz U.S.A., Inc.

The Bankruptcy order is clear that not all personal injury claims
are subject to the release and Channeling Injunction; rather, the
release and injunction are only applicable to the extent the Trust
has assumed liability for a particular claim. As the Bankruptcy
court's findings illustrate, the Trust was funded through the
buyback of the Participating Insurer polices. In turn, a release
from liability was tendered to the Participating Insurers and their
policy holders "[i]n view of the substantial contribution to the
[Trust]." This also had the effect of channeling claims to the
Trust that could have been asserted against those policies. As to
Vendors, their liability was discharged "to the same extent such
claims are being resolved against [Blitz], which justifie[d] the
inclusion of Vendors . . . as [Released] Parties under the []
Plan." Said another way, a Vendor is protected by the release and
injunction only to the extent a claim is covered by a Participating
Insurer policy or as to which a Vendor could seek indemnity against
Blitz.

The Court believes the reading of the Bankruptcy order is
consistent with the power of the Bankruptcy court under Chapter 11
"to stay and enjoin proceedings or acts against non-debtors where
such actions would interfere with, deplete or adversely affect
property of [the debtor's] estate[]." While the Bankruptcy court is
charged with adjudicating claims against a debtor, and may enjoin
claims against non-debtors for the purpose of preserving the
debtor's estate, those powers do not operate to limit third party
claims against non-debtors that do not affect a debtor's property.
Here, the Bankruptcy order provides that claims not affecting Blitz
or Blitz's estate would not be channeled to the Trust. Fred's, a
non-debtor and non-party to the bankruptcy proceeding, acknowledges
that any judgment against it would not directly affect Blitz or the
Trust. Accordingly, we affirm the circuit court on this issue.

Fred's also argues the circuit court erred in failing to grant an
injunction or stay because Respondents' lawsuit, if successful,
exposes Blitz's estate to claims by Fred's for indemnification.
Relying on A.H. Robins Co. Inc. v. Piccinin, Fred's argues it has
an "identity of interest" with Blitz by virtue of the Indemnity
Agreement such that a claim against it will be a claim against
Blitz.  The Court disagrees.

The Court agrees with Respondents that Fred's has not shown this is
the type of "unusual situation" in which Blitz would become the
real party defendant. Here, Respondents assert a claim against
Fred's based on an alleged independent legal duty and which does
not require Blitz to be a necessary party. The Fourth Circuit
expressly distinguished circumstances such as this in A.H. Robins:
"the situation where the third-party defendant was independently
liable as, for example, . . . where the nondebtor's liability rests
upon his own breach of duty . . . in such a case the automatic stay
would clearly not extend to such non debtor." Furthermore, this is
not a situation where a judgment against Fred's would in effect be
a judgment against Blitz. Fred's, unlike the corporate officers of
A.H. Robins, is a separate entity to which Blitz has no statutory
obligation to indemnify.

As to the "identity of interests" language included in the
Bankruptcy order, the Court believes it was meant to protect claims
against the Trust by those who might seek to recover indirectly
through indemnity from a Participating Insurer. Clearly any claims
asserted against a party that would then be taken from the Blitz
estate support the inclusion of that party in the Plan; however,
any judgment against Fred's would not result in funds being taken
from the Trust. Accordingly, the Court finds Fred's and Blitz do
not have an identity of interests.

The Court finds the circuit court properly ruled Respondents'
negligence claim was outside the scope of the Bankruptcy order and
that Fred's is not otherwise entitled to indemnity from Blitz.
Accordingly, the order of the circuit court is ffirmed.

The case is Alice Hazel, as GAL for Jacob N., Respondent, v. Blitz
U.S.A., Inc., Fred's, Inc., Tiger Express Varnville LLC, and James
Nix, Defendants, Of Whom Fred's, Inc. is the Appellant. And Melinda
Cook, Respondent, v. Blitz U.S.A., Inc., Fred's, Inc., Tiger
Express Varnville LLC, and James Nix, Defendants, Of Whom Fred's,
Inc. is the Appellant, Opinion No. 5604 (S.C. App.).

A copy of the Court's Decision dated Nov. 7, 2018 is available at
https://bit.ly/2R53ros from Leagle.com.

Matthew Clark LaFave , of Crowe LaFave, LLC, of Columbia, for
Appellant.

Mark David Ball, of Peters Murdaugh Parker Eltzroth & Detrick, PA,
and Kathleen Chewning Barnes, of Barnes Law Firm, LLC, both of
Hampton, for Respondent.

                 About Blitz U.S.A.

Blitz U.S.A. Inc., is a Miami, Oklahoma-based manufacturer of
plastic gasoline cans. The company, controlled by Kinderhook
Capital Fund II LP, filed for bankruptcy protection to stanch a
hemorrhage resulting from 36 product-liability lawsuits.

Parent Blitz Acquisition Holdings, Inc., and its affiliates filed
for Chapter 11 protection (Bankr. D. Del. Case Nos. 11-13602 thru
11-13607) on Nov. 9, 2011. The Hon. Peter J. Walsh presides over
the case.

Blitz USA disclosed $36,194,434 in assets and $41,428,577 in
liabilities in its schedules.

Daniel J. DeFranceschi, Esq., at Richards, Layton & Finger,
represents the Debtors in their restructuring efforts.  Young
Conaway Stargatt & Taylor LLP represents Debtors LAM 2011 Holdings,
LLC and Blitz Holdings, Inc.  The Debtors tapped Zolfo Cooper, LLC,
as restructuring advisor; and Kurtzman Carson Consultants LLC
serves as notice and claims agent.  SSG Capital Advisors LLC serves
as investment banker.

Lowenstein Sandler PC from Roseland, New Jersey, as well as Womble
Carlyle Sandridge & Rice, LLP, of Wilmington, Delaware, represent
the Official Committee of Unsecured Creditors.

The Chapter 11 case is financed with a $5 million secured loan from
Bank of Oklahoma. Bank of Oklahoma, as DIP agent, is represented by
Samuel S. Ory, Esq., at Frederic Dorwart Lawyers in Tulsa.

In April 2012, Hopkins Manufacturing Corp. acquired the assets of
Blitz USA's unit, F3 Brands LLC, a major manufacturer of oil
drains, drain pans, lifting aids and automotive ramps. Blitz USA
said in court documents the sale netted the Debtors $14.6 million,
which was applied against secured debt.

Blitz announced in June 2012 it would abandon its efforts to
reorganize and instead to shut down operations by the end of July.
In September that year, the Troubled Company Reporter, citing
Sheila Stogsdill at Tulsa World, reported that the Bankruptcy Court
approved a $9.5 million offer from Toronto, Canada-based Scepter
Corporation to purchase Blitz USA, according to Philip Monckton,
Scepter's vice president of sales and marketing. Scepter bought
land, equipment and other assets. Scepter supplies about 20% of the
USA market with gas cans. The report said the sale was to become
final on Sept. 28, 2012.

Blitz U.S.A., Inc., et al., notified the U.S. Bankruptcy Court for
the District of Delaware that the Effective Date of the First
Amended Joint Plan of Liquidation, which was co-proposed with the
Official Committee of Unsecured Creditors, occurred on March 20,
2014.  On Jan. 30, the Plan Proponents confirmed their Plan dated
Dec. 18, 2013.


BUCKINGHAM SENIOR: Fitch Cuts Bond Ratings to D; Off Watch Neg.
---------------------------------------------------------------
Fitch Ratings has downgraded to 'D' from 'CC' the bonds issued by
the Tarrant County Cultural Education Facilities Finance
Corporation on behalf of Buckingham Senior Living Community, Inc.
The bonds are removed from Rating Watch Negative.

SECURITY

The bonds are secured by a mortgage lien on The Buckingham's
property, gross revenue pledge and series-specific debt service
reserve funds.

KEY RATING DRIVER

PAYMENT DEFAULT: The downgrade to 'D' from 'CC' reflects The
Buckingham's failure to pay principal payments on its bonds that
were due on Nov. 15, 2018. While The Buckingham has not made its
required monthly payments to the trustee since August 2018, the
trustee did make the full interest payment that was due on Nov. 15
from funds that were previously available from the borrower ($2.3
million) and from monies in the debt service reserve accounts ($1.6
million). About $3.8 million remains in the debt service reserve
accounts.

RATING SENSITIVITIES

There are no meaningful rating sensitivities, as the rating is
'D'.

CREDIT PROFILE

Located in the Memorial/Tanglewood section of Houston, TX, The
Buckingham is a continuing care retirement community that opened in
2005. It currently offers 303 independent living units, 40 assisted
living units, 16 memory support units and 92 skilled nursing beds.
Total operating revenues amounted to $22.6 million in fiscal 2017
(unaudited Dec. 31 year end).

The Buckingham's parent company and sole corporate member is Senior
Quality Lifestyles Corporation (SQLC). SQLC is also the parent
company of Edgemere in Dallas (BBB-/Negative), Querencia at Barton
Creek (BBB-/Stable), two other retirement communities in Texas and
one in Carmel, IN, with a total of approximately 1,900 units. Only
The Buckingham is obligated on its indebtedness.


BUILDERS FIRSTSOURCE: Bank Debt Trades at 3% Off
------------------------------------------------
Participations in a syndicated loan under which Builders
Firstsource Incorporated is a borrower traded in the secondary
market at 97.46 cents-on-the-dollar during the week ended Friday,
November 16, 2018, according to data compiled by LSTA/Thomson
Reuters MTM Pricing. This represents a decrease of 1.40 percentage
points from the previous week. Builders Firstsource pays 300 basis
points above LIBOR to borrow under the $468 million facility. The
bank loan matures on February 29, 2024. Moody's rates the loan 'B3'
and Standard & Poor's gave a 'BB-' rating to the loan. The loan is
one of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, November 16.


CARAVAN TRANSPORTATION: Hires Jones Law Offices as Attorney
-----------------------------------------------------------
Caravan Transportation, Inc., seeks authority from the U.S.
Bankruptcy Court for the Northern District of Illinois to employ
Jones Law Offices, as attorney.

Caravan Transportation requires Jones Law Offices to:

   a. give the Debtor legal advice with respect to their powers
      and duties as debtor-in-possession in the continued
      operation of its affairs and management of its properties;

   b. assist the Debtor in the negotiation, formulation and
      draft a Plan of Reorganization and Disclosure Statement;

   c. examine claims asserted against the Debtor; and

   d. take such action as may be necessary with reference to
      claims that may be asserted against the Debtors, and to
      prepare, on behalf of the Debtors, such applications,
      motions, complaints, orders, reports and other legal papers
      as may be necessary in connection with this proceeding and
      to perform all other legal services for Debtors which may
      be required.

Jones Law Offices will be paid at the hourly rate of $350.

Jones Law Offices will be paid a retainer in the amount of $7,500.

Jones Law Offices will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Mitchell Elliot Jones, partner of Jones Law Offices, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Jones Law Offices can be reached at:

     Mitchell Elliot Jones, Esq.
     JONES LAW OFFICES
     516 Keeney Street
     Evanston, IL 60202
     Tel: (312) 282-7849

              About Caravan Transportation, Inc.

Caravan Transportation, Inc. is a privately held Michigan
corporation in the local transportation rental business.

Caravan Transportation, Inc., based in Flossmoor, IL, filed a
Chapter 11 petition (Bankr. N.D. Ill. Case No. 18-31724) on
November 12, 2018. The Hon. Benjamin A. Goldgar presides over the
case. Mitchell Elliot Jones, Esq., at Jones Law Offices, serves as
bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by by Earnest
Aldridge, president.


CENTRO CRISTIANO: Five Unsecureds to Get Final Payments on 2021
---------------------------------------------------------------
Centro Cristiano Agape de Bakersfield Inc. filed with the U.S.
Bankruptcy Court for the Eastern District of California an amended
disclosure statement with the second modified chapter 11 plan of
reorganization.

The Debtor will make three semi- annual payments of $4,400 to be
paid pro-rata among the five general unsecured creditors possessing
$13,000 in claims. The first payment shall be due on or before July
30 2019. The second payment shall be made on or before July 31,
2020, and the final payments shall be made on or before January 31,
2021.

The Debtor is represented by:

     D. Max Gardner, Esq.
     D. MAX GARDNER
     1712 19TH St., Suite 123
     Bakersfield, CA 93301
     Tel: 661-888-4335
     Fax: 661-591-4186
     Email: dmgardner@dmaxlaw.com

A redlined version of the Amended Disclosure Statement dated
November 15, 2018, is available at:

http://bankrupt.com/misc/caeb18-11990-101.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: Committee Taps Kozyak Tropin as Legal Counsel
-----------------------------------------------------------
The official committee of unsecured creditors of Centro Group, LLC
seeks approval from the U.S. Bankruptcy Court for the Southern
District of Florida to hire Kozyak, Tropin & Throckmorton, LLP as
its legal counsel.

The firm will advise the committee regarding its duties under the
Bankruptcy Code; assist in the formulation and analysis of any
proposed bankruptcy plan; investigate the Debtor's financial
condition and business operation; and provide other legal services
related to the Debtor's Chapter 11 case.

Kozyak has agreed to cap its hourly rates as follows:

     Partners             $425
     Associate     $250 - $300
     Paralegals    $175 - $195

The firm's attorneys and paralegal who will be primarily
responsible for representing the committee and their normal hourly
rates are:

     Corali Lopez-Castro     Partner       $550   
     David Rosendorf         Partner       $525   
     Mindy Kubs              Associate     $375   
     Yamile Castro           Paralegal     $250

David Rosendorf, Esq., a partner at Kozyak, disclosed in a court
filing that he and his firm do not represent any adverse interest
in connection with the Debtor's case.

Kozyak can be reached through:

     David L. Rosendorf, Esq.
     Kozyak, Tropin & Throckmorton, LLP
     2525 Ponce de Leon, 9th Floor
     Coral Gables, FL 33134
     Email: dlr@kttlaw.com
     Direct: 305-377-0651

                   About Centro Group and ProHCM

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

Centro Group, LLC and ProHCM Holdings, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case Nos.
18-23155 and 18-23156) on October 23, 2018.

In the petitions signed by CEO Joseph Markland, Centro Group
estimated assets of less than $50,000 and liabilities of $1 million
to $10 million.  ProHCM disclosed $4,284,714 in assets and
$4,238,898 in liabilities.

Judge Jay A. Cristol presides over the cases.

The Debtors tapped Shraiberg, Landau & Page, P.A. as their legal
counsel.

The U.S. Trustee for Region 21 appointed an official committee of
unsecured creditors on November 9, 2018.  The committee tapped
Kozyak, Tropin & Throckmorton, LLP as its legal counsel.


CHRISTOPHER PAYNE: DPL Suit vs SWL Transferred to E.D. Tex.
-----------------------------------------------------------
After considering Domain Protection, LLC's Motion for Issuance of
Temporary Restraining Order and Preliminary Injunction; Quantec,
LLC, RPV, Limited, and Jeffrey Baron's Motion for Reconsideration,
and/or to Alter or Amend Order and Final Judgment, or in the
Alternative, to Clarify the Court's Order; and Defendant Sea Wasp's
Motion to Stay and Memorandum of Support, District Judge Ed
Kinkeade transfers the case captioned DOMAIN PROTECTION, LLC,
Plaintiff, v. SEA WASP, LLC, and DOE 1-DOE 5 Defendants, Civil
Action No. 3:18-CV-01578-K (N.D. Tex.) to the United States
District Court for the Eastern District of Texas, Sherman
Division.

Domain Protection asserts that the Domain Names fall within the
scope of an earlier order in the case. Upon this Court's review of
Netsphere, Inc., the Domain Names are not within the Northern
District's retained exclusive jurisdiction. In an order prior to
the order cited by Domain Protection, Judge Lindsay specifically
addresses the "Baron or Novo Point/Quantec assets," stating that
"the court does not and will not have jurisdiction in this case
over any claims and disputes regarding the ownership of the [Domain
Names]." It would contravene Judge Lindsay's prior, explicit
refusal to exercise jurisdiction over the Domain Names to now hold
that the Northern District retained exclusive jurisdiction over the
instant dispute through the language cited by Domain Protection.
Because the "exclusive jurisdiction" retained by the Northern
District does not encompass the Domain Names, the Court can
properly consider transfer of this case.

Domain Protection suggests in its Reply Brief in Support of
Preliminary Injunction that a bankruptcy court would not have
jurisdiction over the current action before the Court.

The Court's transfer of this case to the Eastern District of Texas
does not, by itself, affect the subject-matter jurisdiction of this
case. The district court of the Eastern District of Texas would
have jurisdiction over the case in the same manner as this Court.
Because the Court only transfers the case to the Eastern District,
and does not refer the case to the Bankruptcy Court for the Eastern
District, subject-matter jurisdiction is not a concern at this
stage.

The factors the Court considers when determining whether transfer
is appropriate are: "(1) the location of the bankruptcy estate; (2)
whether the interests of judicial economy would be served by the
transfer; (3) the possibility of a fair trial; (4) either forum's
interest in the controversy; (5) the enforceability of any judgment
obtained; and (6) the plaintiff's original choice of forum." A
seventh factor--considered to be the most important—"is whether
transfer would promote the economic and efficient administration of
the bankruptcy estate." Efficiency often involves whether transfer
could "eliminat[e] the risk of conflicting rulings" between the
case before the district court and the bankruptcy proceeding.

Having determined that section 1412 applies to this case, the
transfer analysis is straightforward: Transfer to the Eastern
District of Texas is appropriate because it is in the interest of
justice. The Court first finds that, on the record currently before
the Court, the third and fifth factors listed above are neutral.
While Domain Protection chose the Northern District as its original
forum (the sixth factor), the first, second, fourth, and, most
importantly, seventh factor weigh in favor of transfer. The
Christopher Payne bankruptcy has been pending in the Eastern
District since August 30, 2016, and the Adversary Proceeding
concerning the ownership of the Domain Names was first filed on
November 21, 2016.

A copy of the Court's Memorandum Opinion and Order dated Nov. 6,
2018 available at https://bit.ly/2DRG9j2 from Leagle.com.

Domain Protection LLC, Plaintiff, represented by Gary N. Schepps,
Schepps Law Offices.

Sea Wasp LLC, Defendant, represented by Howard Marc Spector,
Spector Johnson PLLC & Nathan M. Johnson, Spector & Johnson PLLC.

Jeffrey Baron, Quantec, LLC & RPV, LTD, Movants, represented by
Conrad Herring, Conrad Herring Attorney at Law & Liane A. Janovsky,
Janovsky & Associates.

Christopher Anthony Payne and Alyce Rygiel Payne filed for chapter
11 bankruptcy protection (Bankr. E.D. Tex. Case No. 16-41533) on
August 30, 2016, and are represented by Dennis Olson of Olson
Nicoud & Gueck, LLP.


CIT GROUP: Fitch Affirms 'BB' LT IDRs & Alters Outlook to Positive
------------------------------------------------------------------
Fitch Ratings has affirmed the 'BB+' Long-Term Issuer Default
Ratings and 'B' Short-Term IDRs for CIT Group Inc. and CIT Bank,
N.A. The Rating Outlook has been revised to Positive from Stable.

KEY RATING DRIVERS

IDRs, VRs, Senior Unsecured Debt and Revolving Credit Facility

The rating affirmations reflect the company's strong franchise
position in middle market lending, equipment and real estate
finance, rail leasing, and factoring. The rating also considers
CIT's improving earnings, strong capital levels, and solid
execution on selling non-core assets and reducing wholesale funding
reliance.

The Positive Outlook reflects Fitch's view that CIT has made
notable progress against its objective of refocusing on national
commercial lending and transitioning its funding profile to be more
bank-like. Fitch believes that strategic actions taken by CIT,
including completing the sale of Financial Freedom (the reverse
mortgage servicing business), the reverse mortgage loan portfolio,
and NACCO (the European rail leasing business), and related balance
sheet actions should likely result in more consistent operating
performance going forward.

CIT's ratings remain constrained by the company's higher risk
appetite and limited company profile relative to higher-rated
institutions. CIT's risk appetite is characterized by its exposure
to middle market companies, historically a higher risk customer
segment, and heightened asset risk associated with cyclical
businesses such as railcar leasing and commercial real estate (CRE)
lending.

Asset quality has been appropriate relative to current ratings,
although asset quality metrics continue to lag higher-rated banks.
CIT's non-performing asset ratio, including accruing troubled debt
restructures, and net charge-offs of 2.2% and 40 basis points
(bps), respectively, at 3Q18 year-to-date were above the medians in
Fitch's mid-tier regional bank and large regional bank peer groups.
Fitch considers the predominately secured nature of CIT's loan
portfolio as offsets to the company's relatively weaker asset
quality measures. Fitch does not expect material asset quality
worsening for U.S. banks in 2019, but rather a gradual
normalization back to long-run historical measures of nonperforming
assets and credit costs.

Although CIT's capital ratios have come down meaningfully over the
past year through increased dividends and share buybacks, capital
ratios compare favourably to similarly sized Fitch-rated banks.
Incorporated into the Positive Outlook is the expectation that
capital ratios will be managed above peer medians over time due to
the company's higher risk appetite. CIT's CET 1 capital ratio was
12.4% at 3Q18 and is expected to continue to converge towards the
upper end of the company's 10% to 11% target range over the Outlook
horizon. Fitch views these targets as adequate in the context of
CIT's balance sheet risk and sound risk management framework. Fitch
views the Federal Reserve's non-objections to CIT's 2017 Capital
Plan and subsequent amendment to the plan positively, although CIT
is no longer subject to CCAR.

CIT's ratings have historically been constrained by the heightened
level of earnings volatility stemming from the volume of one-time
charges relating to the company's strategic refocus. Incorporated
into the Positive Outlook is the expectation that earnings
volatility will moderate going forward.

Fitch expects that earnings measures, such as ROA and ROE, will
remain below higher-rated mid-tier and large regional banks due to
the company's relatively higher cost of funds and competitive
pressures across CIT's major businesses. CIT's net finance margin
(NFM), excluding noteworthy items, has decreased moderately to
3.36% in 3Q18 from 3.46% in 3Q17 as lower purchase accounting
accretion, headwinds from the rail leasing business and higher
funding costs were only partially offset by higher yields from
deploying cash into securities. Fitch believes that the NFM may
face headwinds due to increased competition for deposits in its
online banking platform, which are typically more rate sensitive
and less sticky than other core deposits, as many large U.S. banks
are experimenting with the online bank model.

Fitch believes CIT's funding profile is weaker relative to
higher-rated banks; however, there has been notable improvement in
the company's funding profile. CIT's deposit mix contains a larger
portion of time deposits and lacks a sizeable base of non-interest
bearing deposits than higher-rated banks, resulting in a higher
cost of funds. Deposits made up 78% of total funding at 3Q18, up
from 67% at 4Q15, and brokered deposits now comprise approximately
9% of total deposits from 18% at 4Q15. Additionally, CIT has
executed a number of actions over the past year including
refinancing near-term debt maturities, which has resulted in a more
laddered maturity profile, and terminating the total return swap
associated with the sale of the European rail leasing business,
which Fitch views positively.

Since the OneWest Bank acquisition in August 2015, CIT has focused
on building long-term deposit relationships with customers that are
not highly rate sensitive. Much of the deposit growth has come from
CIT's online banking platform, which now makes up 47% of total
deposits. At the same time, deposits from the branch bank (37% of
total deposits) have remained relatively stable while commercial
deposits (6% of total deposits) have declined. Fitch's opinion of
CIT's commercial deposits is limited by the relatively weak credit
quality and the constrained liquidity profiles of CIT's middle
market customers.

SUPPORT RATING AND SUPPORT RATING FLOOR

The Support Ratings of '5' reflect Fitch's view that external
support cannot be relied upon. The Support Rating Floors of 'No
Floor' reflect Fitch's view that there is no reasonable assumption
that CIT will receive sovereign support.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

CIT's subordinated debt rating is one notch below CIT's VR for loss
severity. CIT's preferred stock is rated four notches lower than
CIT's VR; two times for loss severity and two times for
non-performance. These ratings accord with Fitch's criteria and
assessment of the instruments non-performance and loss severity
risk profiles and have thus been affirmed due to the affirmation of
the VR.

LONG- AND SHORT-TERM DEPOSIT RATINGS

CIT Bank's uninsured deposit ratings are rated one notch higher
than the bank's IDR and senior unsecured debt because U.S.
uninsured deposits benefit from depositor preference. Fitch
believes depositor preference in the U.S. gives deposit liabilities
superior recovery prospects in the event of default.

HOLDING COMPANY

CIT's VR is equalized with that of CIT Bank, reflecting its role as
the financial holding company, which is mandated in the U.S. to act
as a source of strength for its bank subsidiaries. The ratings are
also equalized, reflecting the very close correlation between
holding company and subsidiary failure and default probabilities.
Fitch's analysis of CIT's holding company liquidity incorporates
availability under the holding company's credit lines with other
banks.,

RATING SENSITIVITIES

IDRs, VRs, Senior Unsecured Debt and Revolving Credit Facility

The Outlook revision to Positive from Stable reflects Fitch's view
that there is more upside to CIT's ratings than downside over the
outlook horizon. Fitch expects to resolve the outlook toward the
later end of the outlook horizon.

CIT's ratings could be upgraded if operating performance, measured
by ROA and core net finance margin, stabilize at or near current
levels over the outlook horizon. A ratings upgrade will also be
contingent on CIT's ability to retain online deposit customers in a
cost-effective manner in a rising rate environment amid increasing
competition.

A positive rating action would also depend on management of capital
ratios above the medians for the mid-tier and large regional peer
groups. Furthermore, a positive rating action would also be
contingent upon not significantly increasing wholesale funding
usage from current levels. Demonstrated credit performance in line
with expectations could also contribute to positive rating momentum
over the longer term.

The Outlook could be revised back to Stable from Positive if
earnings volatility remains materially elevated relative to higher
rated banks. Additionally, the Outlook could be revised back to
Stable should CIT experience funding cost pressures well in excess
of peer banks, resulting in operating performance deteriorating
meaningfully from current levels.

Expansion into new business verticals outside CIT's core commercial
lending and leasing expertise or outsized growth in new commercial
businesses, though not expected by Fitch, could result in negative
rating pressure. Unsuccessful management of regulatory requirements
would also be viewed negatively.

SUPPORT RATING AND SUPPORT RATING FLOOR

CIT's Support Rating and Support Rating Floor are sensitive to
Fitch's assumptions around CIT's capacity to procure extraordinary
support in case of need.

CIT Bank's uninsured deposit ratings are rated one notch higher
than the company's IDR, and therefore are sensitive to any changes
in CIT Bank's IDR. The deposit ratings are primarily sensitive to
any change in CIT Bank's Long- and Short-term IDRs.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

CIT's subordinated debt rating is sensitive to any change in CIT's
VR.

CIT's preferred stock rating is primarily sensitive to downward
changes in CIT's VR. An upward change in CIT's VR would not
necessarily lead to a change in the preferred stock rating, as
downward notching for preferred stock increases to five from four
for issuers with VRs of 'bbb-' and higher.

LONG- AND SHORT-TERM DEPOSIT RATINGS

CIT Bank's uninsured deposit ratings are rated one notch higher
than the company's IDR, and therefore are sensitive to any changes
in CIT Bank's IDR. The deposit ratings are primarily sensitive to
any change in CIT Bank's Long- and Short-term IDRs.

HOLDING COMPANY

While not currently expected, if CIT became undercapitalized or
management increases the level of double leverage significantly,
Fitch could potentially notch the holding company IDR and VR from
the CIT Bank's rating. Additionally, the holding company's IDR and
VR could be notched off of CIT Bank should the holding company
experience financial stress arising from business activities, such
as railcar leasing or factoring, conducted out of the holding
company that are distinct from CIT Bank.

As noted, Fitch considers CIT's credit lines when looking at
holding company liquidity. Should CIT lose access to this credit
facility that is not offset with on-balance sheet liquidity, Fitch
could notch the holding company's IDR down from CIT Bank.
Additionally, upward rating momentum at the holding company could
be constrained should bank credit lines comprise a significant
portion of its contingency funding plan, which would be considered
unique for an institution of CIT's size.

Fitch has affirmed the following ratings and revised the Outlook to
Positive from Stable:

CIT Group Inc.

  -- Long-term IDR at 'BB+';

  -- Short-term IDR at 'B';

  -- Viability Rating at 'bb+';

  -- Senior Unsecured Debt at 'BB+';

  -- Revolving Credit Facility at 'BB+';

  -- Subordinated debt at 'BB';

  -- Preferred stock at 'B';

  -- Support Rating at '5';

  -- Support Rating Floor at 'NF'.

CIT Bank, N.A.

  -- Long-term IDR at 'BB+';

  -- Short-term IDR at 'B';

  -- Viability Rating at 'bb+';

  -- Long-Term Deposit Rating at 'BBB-';

  -- Short-Term Deposit Rating at 'F3';

  -- Support Rating at '5';

  -- Support Rating Floor at 'NF'.


COLLECTIVE INC: Taps Wilmer Cutler as Legal Counsel
---------------------------------------------------
Collective, Inc. and CME Co-Op, LLC seek approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire
Wilmer Cutler Pickering Hale and Dorr LLP as their legal counsel.

The firm will advise the Debtors regarding their duties under the
Bankruptcy Code; represent the Debtors in negotiation with their
creditors; assist in the preparation of a plan of reorganization;
and provide other legal services related to their Chapter 11
cases.

Wilmer Cutler will charge these hourly fees:

     Position              Range of Hourly Rates (2018/2019)
     --------              ---------------------------------
     Partners              $900 - $1,775 / $965 - $1,865
     Counsel               $785 - $1,105 / $825 - $1,165
     Associates            $475 - $1,030 / $500 - $1,025
     Paraprofessionals       $230 - $540 / $220 - $570

The attorneys and paraprofessionals designated to represent the
Debtors are:

     Andrew Goldman          Partner       $1,495
     David Haber             Partner         $940
     Nancy Manzer            Counsel       $1,040
     Benjamin Loveland       Counsel         $975
     Christopher Hampson     Associate       $620
     Yolande Thompson        Paralegal       $500

Andrew Goldman, Esq., a partner at Wilmer Cutler, disclosed in a
court filing that his firm does not have any interest adverse to
the interest of the Debtors' estates, creditors and equity security
holders.

The firm can be reached through:

     Nancy L. Manzer, Esq.
     Benjamin W. Loveland, Esq.
     Christopher D. Hampson, Esq.
     Andrew N. Goldman, Esq.
     Wilmer Cutler Pickering Hale and Dorr LLP
     7 World Trade Center
     250 Greenwich Street
     New York, New York 10007
     Tel: (212) 230-8800
     Fax: (212) 230-8888
     Email: nancy.manzer@wilmerhale.com
     Email: benjamin.loveland@wilmerhale.com
     Email: chris.hampson@wilmerhale.com
     Email: andrew.goldman@wilmerhale.com

                       About Collective Inc.

Collective, Inc., through its proprietary software platform (Visto
Enterprise Ad Hub), offers individual brands, advertising agencies,
and advertisers the ability to purchase and place advertising,
monitor advertising placement, and track return on advertising
investment.  It has direct and indirect relationships with over 50
advertising vendors, including companies like Amazon, Facebook, and
Google.

Formed in 2007 under the name Collective Media, Inc., the company
employs 25 persons, including 22 employees out of its home office
in New York City.  It is the sole member of CME Co-Op, LLC, which
is an entity formed to hold a portion of the equity in Collective
Europe Holding Cooperatief U.A., a Dutch holding company.  

Collective and CME Co-Op, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. N.Y. Case Nos. 18-13584 and
18-13585) on November 19, 2018.  In the petitions signed by Kerri
Bianchi, president and chief executive officer, Collective
disclosed $39.9 million in assets and $23 million in liabilities as
of September 30, 2018.  

The cases have been assigned to Judge Sean H. Lane.  

The Debtors tapped Wilmer Cutler Pickering Hale and Dorr LLP as
legal counsel; Oaklins DeSilva & Phillips LLC as investment banker;
and Epiq Corporate Restructuring, LLC as claims, noticing and
administrative agent.


CS360 TOWERS: Taps Development Specialists as Financial Advisors
----------------------------------------------------------------
Bradley Sharp, the Chapter 11 Trustee of CS360 Towers, LLC, seeks
authority from the U.S. Bankruptcy Court for the Eastern District
of California to employ Development Specialists, Inc., as financial
advisors to the Trustee.

The Trustee requires Development Specialists to:

   a. advise and assist the Trustee and other professionals in
      analyzing claims for relief by and against the Debtor's
      estate and assist the Trustee and other professions in the
      prosecution and defense of such claims for relief,
      including the provision of expert testimony as required,
      forensic accounting analysis and review, and litigation
      support;

   b. investigate allegations of fraudulent activity;

   c. analyze the Debtor's transactions;

   d. investigate all transfers of funds to and from various
      entities and through various bank accounts;

   e. analyze and reconcile creditor accounts, deeds of trusts,
      assignments, etc.;

   f. provide cash tracing and related forensic accounting; and

   g. assist with such other accounting and litigation support
      services requested by the Trustee.

Development Specialists will be paid at these hourly rates:

     Senior Consultants                  $435-$615
     Consultants                         $260-$430
     Junior Consultants                  $150-$255

Development Specialists will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Matthew Sorenson, vice-president of Development Specialists, Inc.,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Development Specialists can be reached at:

     Matthew Sorenson
     DEVELOPMENT SPECIALISTS, INC.
     70 West Madison Street, Suite 2300
     Chicago, IL 60602
     Tel: (312)-263-4141

              About CS360 Towers, LLC

CS360 Towers, LLC, filed a Chapter 11 petition (Bankr. E.D. Cal.
Case No. 17-20731) on Feb. 3, 2017. Mark D. Chisick, manager,
signed the petition. At the time of filing, the Debtor disclosed
total assets of $18.46 million and total liabilities of $5.72
million. The case is assigned to Judge Robert S. Bardwil.

The Debtor tapped Stephan M. Brown, Esq., at the Bankruptcy Group,
P.C., as counsel.

Bradley Sharp was appointed as Chapter 11 Trustee for the estate of
CS360 Towers, LLC pursuant to order of the court dated March 15,
2017. The assets of the estate include condominium units (both
residential and commercial) in the building located at 500 N
Street, Sacramento, California, and various claims and causes of
action.


CYCLE-TEX INC: Seeks Authorization on Cash Collateral Use
---------------------------------------------------------
Cycle-Tex, Inc. seeks authorization from the U.S. Bankruptcy Court
for the Northern District of Georgia to use cash collateral to pay
the expenses and other expenditures reasonably necessary for the
continued operation of its business to avoid immediate and
irreparable harm to the estate as detailed on a budget. The
proposed budget provides total expenses of approximately $54,473.

First Bank of Dalton asserts a first priority lien upon and
security interest in Debtor’s assets including all accounts and
other assets.

The Debtor requests the Court to authorize its use of the cash
generated from its Business and otherwise: (a) in accordance with
the budget, the line items of which Debtor may modify by no more
than 15% and Debtor may carry over any unused budgeted amount, (b)
for payment of U.S. Trustee fees and (c) for other matters pursuant
to orders entered by the Court after appropriate notice and
hearing, except that the Debtor may pay the actual amount owed or
deposit required to any utility, taxing authority, the U.S. Trustee
or insurance company and the Debtor will be authorized to operate
in the ordinary course of business.

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

           http://bankrupt.com/misc/ganb18-42614-6.pdf

                       About Cycle-Tex Inc.

Cycle-Tex, Inc., is a privately-held company in Dalton, Georgia,
that recycles thermoplastic post-industrial waste.  It produces
polypropylene, polyethylene and nylon 6 pellets in a wide range of
melt-flow characteristics.  Cycle-Tex also does toll conversion for
companies such as grinding, precision-cutting, densifying and
pelletizing.

Cycle-Tex sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. Ga. Case No. 18-42614) on Nov. 5, 2018.  At the time
of the filing, the Debtor estimated assets of less than $50,000 and
liabilities of $1 million to $10 million. Judge Paul W. Bonapfel
presides over the case.  The Debtor tapped Jones & Walden, LLC as
its legal counsel.



DAYMARK PROPERTIES: Seeks to Hire Edelboim Lieberman as Counsel
---------------------------------------------------------------
Daymark Properties Realty, Inc., and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the Southern District
of Florida to employ Edelboim Lieberman Revah Oshinsky PLLC, as
their counsel.

Daymark Properties requires Edelboim Lieberman to:

   (a) advise the Debtor with respect to its powers and duties as
       the Debtor and debtor-in-possession in the continued
       management and operation of its business and properties;

   (b) attend meetings and negotiate with representatives of
       creditors and other parties-in-interest and advise and
       consult on the conduct of the cases, including all of the
       legal and administrative requirements of operating in
       Chapter 11;

   (c) advise the Debtor in connection with post-petition
       financing arrangements and draft documents relating
       thereto;

   (d) take all necessary action to protect and preserve the
       Debtor's estate, including the prosecution of actions on
       its behalf, the defense of any actions commenced against
       the estate, negotiations concerning all litigation in
       which the Debtor may be involved and objections to claims
       filed against the estate;

   (e) prepare on behalf of the Debtor all motions, applications,
       answers, orders, reports and papers necessary to the
       administration of the estate;

   (f) negotiate and prepare on the Debtor's behalf a plan of
       reorganization, disclosure statement and all related
       agreements and documents, and take any necessary action on
       behalf of the Debtor to obtain confirmation of such plan;

   (g) attend meetings with third parties and participate in
       negotiations with respect to the above matters;

   (h) appear before this Court, any appellate courts, and the
       U.S. Trustee, and protect the interests of the Debtor's
       estate before such courts and the U.S. Trustee; and

   (i) perform all other necessary legal services and provide all
       other necessary legal advice to the Debtor in connection
       with this Chapter 11 case.

Edelboim Lieberman will be paid at these hourly rates:

     Attorneys                 $375-$400
     Paralegals                $150

On October 12, 2018, Edelboim Lieberman received a retainer from
the Debtor in the amount of $30,000. After deducting expenses for
prepetition fees and costs, leaving the balance of $28,207.50 held
in the firm's trust account.

Edelboim Lieberman will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Brett D. Lieberman, Esq., partner of Edelboim Lieberman Revah
Oshinsky PLLC, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

Edelboim Lieberman can be reached at:

     Brett D. Lieberman, Esq.
     EDELBOIM LIEBERMAN REVAH OSHINSKY PLLC
     20200 W. Dixie Highway, Suite 905
     Aventura, FL 33180
     Tel: (305) 768-9909
     Fax: (305) 928-1114
     Email: brett@elrolaw.com

  About Daymark Realty Advisors/Daymark Properties Realty

Based in Fort Laudersale, Florida, Daymark Realty Advisors Inc. is
a provider of strategic asset management and structured finance
services to private and institutional owners of commercial real
estate.

Daymark Realty and affiliates Daymark Properties Realty Inc. and
Daymark Residential Management Inc. filed a Chapter 11 petition
(Bankr. S.D. Fla. Lead Case No. 18-23750) on November 4, 2018.  The
petition was signed by Espen Schiefloe, chief restructuring
officer.

In its petition, Daymark Realty estimated $207 in assets and
$22,223,304 in liabilities.

The Debtors tapped Edelboim Lieberman Revah Oshinsky PLLC, as
counsel and BMC Group, Inc., as claims, noticing and balloting
agent.


DAYMARK PROPERTIES: Taps BMC Group as Claims and Noticing Agent
---------------------------------------------------------------
Daymark Properties Realty, Inc., and its debtor-affiliates, seek
authority from the U.S. Bankruptcy Court for the Southern District
of Florida to employ BMC Group, Inc., as their claims, noticing and
balloting agent.

BMC Group will serve as the Debtors' noticing, solicitation and
tabulation agent in connection with their Chapter 11 cases. The
firm will oversee the distribution of notices and other documents;
assist the Debtors in the solicitation of votes for their plan;
facilitate the payments under the plan; and provide other technical
and document management services.

BMC Group will be paid at these rates:

     Mail and Noticing Services             $25  to $175
     Claims Management                      $2.50
     Document and Information Management    $250 per month

BMC Group will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Tinamarie Feil, partner of BMC Group, Inc., assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

BMC Group can be reached at:

     Tinamarie Feil
     BMC GROUP, INC.
     600 1st Avenue
     Seattle, WA 98104
     Tel: (206) 499-2169
     E-mail: tfeil@bmcgroup.com

        About Daymark Realty Advisors/Daymark Properties Realty

Based in Fort Laudersale, Florida, Daymark Realty Advisors Inc. is
a provider of strategic asset management and structured finance
services to private and institutional owners of commercial real
estate.

Daymark Realty and affiliates Daymark Properties Realty Inc. and
Daymark Residential Management Inc. filed a Chapter 11 petition
(Bankr. S.D. Fla. Lead Case No. 18-23750) on November 4, 2018.  The
petition was signed by Espen Schiefloe, chief restructuring
officer.

In its petition, Daymark Realty estimated $207 in assets and
$22,223,304 in liabilities.

The Debtors tapped Edelboim Lieberman Revah Oshinsky PLLC, as
counsel and BMC Group, Inc., as claims, noticing and balloting
agent.


DEL MONTE: Bank Debt Trades at 13% Off
--------------------------------------
Participations in a syndicated loan under which Del Monte Pacific
Ltd. is a borrower traded in the secondary market at 87.33
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.18 percentage points from
the previous week. Del Monte pays 325 basis points above LIBOR to
borrow under the $710 million facility. The bank loan matures on
February 18, 2021. Moody's rates the loan 'Caa1' and Standard &
Poor's gave a 'CCC+' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, November 16.


DIAMOND (BC): S&P Alters Outlook to Negative on Weak Credit Metrics
-------------------------------------------------------------------
Diamond (BC) B.V. (Diversey) has incurred higher-than-expected
costs related to its separation from Sealed Air Corp., and costs
related to setting the company up on a standalone basis. This has
led to the company performing below S&P's expectations, with credit
measures moderately weaker than it had expected a year ago. S&P
Global Ratings revised its outlook on Diamond to negative from
stable and affirmed its 'B' issuer credit and issue-level ratings.

S&P said, "The negative outlook on Diamond reflects our view that
transition costs from the separation of Diamond from former parent
SealedAir, as well as those from setting up the company as a
standalone entity, have been higher than expected, leading to
weaker credit measures. We view further delays or cost overruns of
these transition projects as a key risk factor that could limit the
company's ability to reduce debt. In our base case we expect the
company's free cash flow to significantly improve in 2019 due to
fewer transformation costs, growth from higher volumes and new
customers, and cost reduction initiatives. We expect the company's
solid market positions, particularly in emerging markets, and
exposure to a diverse set of relatively stable end markets will
help it maintain credit measures appropriate for the current
rating. We expect that while 2018 metrics will be moderately
weaker, debt to EBITDA will be between 7x and 8x and FFO to debt
will be between 8% and 10% on a weighted average sustainable
basis.

"We could lower the rating within the next 12 months if Diamond's
operating performance deteriorates significantly as a result of
unexpected challenges in its transformation and cost reduction
initiatives. Delays or cost overruns in transformation efforts
could lead to lower profitability than our base-case forecast, as
well as weaker credit measures. In particular, we could lower the
rating if Diamond's EBITDA margins missed our expectations by 200
basis points, resulting in its debt to EBITDA remaining above 8x
and FFO to debt staying below 8% (pro forma for acquisitions). This
could also occur if EBITDA margins experience pressure due to
rising raw material costs that the company is unable to pass
through to customers. We could also lower the rating if large
debt-funded acquisitions raise leverage, or if unexpected cash
outlays or business challenges reduce the company's liquidity such
that liquidity sources fall to less than 1.2x uses.

"We could revise our outlook to stable within the next 12 months if
the company delivers stronger-than-expected profitability due to
successful cost reduction initiatives, further progress in passing
higher raw material costs to customers, and timely completion of
transformation initiatives. We would expect successful
transformation initiatives to significantly improve free cash flow
and debt reduction in 2019. We could consider a higher rating if
EBITDA margins exceeded our expectations by 200 basis points, as
well as if our revenue expectations are also exceeded, resulting in
improved credit measures that we believe will be sustained with
debt to EBITDA below 7x and FFO to debt above 10%. For a stable
outlook or higher rating, we would expect that the improved
leverage to be sustainable and consistent with Diamond's financial
policies and objectives."


DITECH HOLDING: Bank Debt Trades at 10% Off
-------------------------------------------
Participations in a syndicated loan under which Ditech Holding
Corporation is a borrower traded in the secondary market at 89.63
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 3.63 percentage points from
the previous week. Ditech Holding pays 600 basis points above LIBOR
to borrow under the $1.15 billion facility. The bank loan matures
on June 30, 2022. Moody's rates the loan 'Caa2' and Standard &
Poor's gave a 'CCC+' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, November 16.


DIXIE ELECTRIC: Hires Prime Clerk as Administrative Advisor
-----------------------------------------------------------
Dixie Electric, LLC, and its debtor-affiliates seek authority from
the U.S. Bankruptcy Court for the District of Delaware to employ
Prime Clerk LLC, as administrative advisor.

Dixie Electric requires Prime Clerk to:

   a. assist with, among other things, solicitation, balloting,
      and tabulation of votes, and prepare any related reports,
      as required in support of confirmation of a chapter 11
      plan, and in connection with such services, process
      requests for documents from parties in interest, including,
      if applicable, brokerage firms, bank back-offices, and
      institutional holders;

   b. prepare an official ballot certification and, if necessary,
      testify in support of the ballot tabulation results;

   c. assist with the preparation of the Debtors' schedules of
      assets and liabilities and statements of financial affairs
      and gather data in conjunction therewith;

   d. provide a confidential data room, if requested;

   e. manage and coordinate any distributions pursuant to a
      chapter 11 plan; and

   f. provide such other processing, solicitation, balloting, and
      other administrative services described in the Engagement
      Agreement, but not covered by the Section 156(c) Order, as
      may be requested from time to time by the Debtors, the
      Court, or the Office of the Clerk of the Bankruptcy Court
      (the "Clerk").

Prime Clerk will be paid at these hourly rates:

     Director of Solicitation                  $210
     Solicitation Consultant                   $190
     COO and Executive VP                      No charge
     Director                                  $175-$195
     Consultant/Senior Consultant              $65-$165
     Technology Consultant                     $35-$95
     Analyst                                   $30-$50

Prime Clerk will be paid a $25,000 retainer.

Prime Clerk will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Benjamin J. Steele, partner of Prime Clerk LLC, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Prime Clerk can be reached at:

     Benjamin J. Steele
     PRIME CLERK LLC
     830 3rd Avenue, 9th Floor
     New York, NY 10022
     Tel: (212) 257-5450

              About Dixie Electric, LLC

Dixie Electric, LLC, aka Expanse Energy Solutions, is a premier
provider of electrical infrastructure, automation and maintenance
services and materials to the oil and gas and commercial and
industrial industries. Expanse operates as a network of companies
across the United States with a wide scope of offerings that
answers the electrical demands of cutting-edge technologies in
automation, artificial lift and enhanced oil recovery.

Each of the Debtors filed a petition for reorganization under
chapter 11 of the Bankruptcy Code with the Court (Bank. D. Del.
Case no. 18-12477) on Nov. 2, 2018. The case is assigned to Judge
Kevin Gross.

The Debtors hire Simpson Thacher & Bartlett LLP, as counsel; Young
Conaway Stargatt & Taylor, LLP, as co-counsel; Prime Clerk LLC, as
administrative advisor and claims and noticing agent; and PJT
Partners LP, as investment banker.



DIXIE ELECTRIC: Seeks to Hire PJT Partners as Investment Banker
---------------------------------------------------------------
Dixie Electric, LLC, and its debtor-affiliates seek authority from
the U.S. Bankruptcy Court for the District of Delaware to employ
PJT Partners LP, as their investment banker.

Dixie Electric requires PJT Partners to:

   a. advise them on planning and structuring a potential
      Capital Raise and Restructuring;

   b. assist in the diligence and evaluation of their
      businesses and prospects;

   c. assist in the development of their long-term
      business plan and related financial projections;

   d. analyze their financial liquidity and evaluate
      alternatives to improve such liquidity;

   e. analyze various restructuring scenarios and the potential
      impact of these scenarios on the recoveries of those
      stakeholders impacted by the Restructuring;

   f. provide strategic advice with regard to restructuring or
      refinancing their Obligations;

   g. assist in the development of financial data and
      presentations to the Debtors' Board of Directors, various
      creditors and other third parties;

   h. assist with valuation analysis;

   i. assist the Debtors in preparing marketing materials in
      conjunction with a possible Capital Raise and
      Restructuring;

   j. assist them in identifying potential lenders to a
      Capital Raise and assist in the due diligence process;

   k. assist and advise them concerning the terms,
      conditions and impact of any proposed Capital Raise and
      Restructuring;

   l. value securities offered by them in connection with
      a Restructuring;

   m. advise them and negotiate with lenders with respect
      to any potential Amendment;

   n. provide expert witness testimony concerning any of the
      subjects encompassed by the other investment banking
      services, including expert testimony regarding valuation;
      and

   o. provide other advisory services as are customarily
      provided in connection with the analysis and negotiation of
      a transaction similar to a potential Capital Raise and
      negotiation of a Restructuring, as requested and mutually
      agreed.

PJT Partners will be paid at these hourly rates:

   a. Monthly Fee. The Debtors shall pay PJT a monthly advisory
      fee (the "Monthly Fee") of $150,000 per month. Fifty
      percent (50%) of all Monthly Fees paid to PJT after the 6th
      Monthly Fee payment (i.e., after $900,000 has been paid)
      shall be credited against the Restructuring Fee.

   b. Capital Raising Fee. The Debtors shall pay PJT a capital
      raising fee (the "Capital Raising Fee") for any financing
      arranged by PJT, earned and payable upon closing of the
      financing. The Capital Raising Fee will be calculated as:

     -- Senior Debt. 1.0% of the total issuance size for senior
        debt financing that is not also SPV Financing (as defined
        below), subject to a minimum fee of $350,000;

     -- SPV Financing. 3.0% of the total issuance size for any
        financing at an unrestricted subsidiary in which certain
        assets are contributed from restricted subsidiaries to
        serve as collateral for such financing (an "SPV
        Financing");

     -- Junior Debt. 3.0% of the total issuance size for junior
        debt financing; and

     -- Equity Financing. 5.0% of the issuance amount for equity
        financing.

     If financing arranged by PJT (and proceeds generated from
     such financing are used) in connection with an Amendment or
     Restructuring, then PJT shall be paid both the Capital
     Raising Fee and either (a) the Amendment Fee or (b) the
     Restructuring Fee, as applicable.

   c. Amendment Fee. The Debtors shall pay PJT an amendment fee
      in the amount of $1,000,000 payable upon the Closing of an
      Amendment.

   d. Restructuring Fee. The Debtors shall pay PJT a
      restructuring fee equal to $3,000,000 (the "Restructuring
      Fee") upon the consummation of the Restructuring, in
      accordance with the Engagement Letter.

PJT Partners will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Peter Laurinaitis, a partner in the Restructuring and Special
Situations Group of PJT Partners LP, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

PJT Partners can be reached at:

     Peter Laurinaitis
     PJT PARTNERS LP
     280 Park Avenue
     New York, NY 10017
     Tel: (212) 364-7800

              About Dixie Electric, LLC

Dixie Electric, LLC, aka Expanse Energy Solutions, is a premier
provider of electrical infrastructure, automation and maintenance
services and materials to the oil and gas and commercial and
industrial industries. Expanse operates as a network of companies
across the United States with a wide scope of offerings that
answers the electrical demands of cutting-edge technologies in
automation, artificial lift and enhanced oil recovery.

Each of the Debtors filed a petition for reorganization under
chapter 11 of the Bankruptcy Code with the Court (Bank. D. Del.
Case no. 18-12477) on Nov. 2, 2018. The case is assigned to Judge
Kevin Gross.

The Debtors hire Simpson Thacher & Bartlett LLP, as counsel; Young
Conaway Stargatt & Taylor, LLP, as co-counsel; Prime Clerk LLC, as
administrative advisor and claims and noticing agent; and PJT
Partners LP, as investment banker.


DIXIE ELECTRIC: Seeks to Hire Young Conaway as Co-Counsel
---------------------------------------------------------
Dixie Electric, LLC, and its debtor-affiliates seek authority from
the U.S. Bankruptcy Court for the District of Delaware to employ
Young Conaway Stargatt & Taylor, LLP, as their co-counsel.

Dixie Electric requires Young Conaway to:

   -- provide legal advice with respect to the Debtors' powers
      and duties as debtors in possession in the continued
      operation of their business and management of their
      properties;

   -- pursue confirmation of a plan and approval of a disclosure
      statement;

   -- prepare, on behalf of the Debtors, necessary applications,
      motions, answers, orders, reports, and other legal papers;

   -- appear in Court and protect the interests of the Debtors
      before the Court; and

   -- provide all other services assigned by the Debtors, in
      consultation with Simpson Thacher & Bartlett LLP, to Young
      Conaway as co-counsel to the Debtors.

Young Conaway will be paid at these hourly rates:

     Attorneys               $285-$750
     Paralegals              $255

Young Conaway received from the Debtors a retainer in the amount of
$75,000 on September 18, 2018, and a supplement to the retainer,
including anticipated filing fees, in the amount of $100,000 on
October 29, 2018.

Young Conaway will also be reimbursed for reasonable out-of-pocket
expenses incurred.

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, the
following were provided in response to the request for additional
information:

   -- Young Conaway has not agreed to a variation of its standard
      or customary billing arrangements for this engagement;

   -- None of the Firm's professionals included in this
      engagement has varied their rate based on the geographic
      location of the Chapter 11 Cases;

   -- Young Conaway was retained by the Debtors pursuant to an
      Engagement Agreement dated August 2, 2018. The billing
      rates and material terms of the prepetition engagement are
      the same as the rates and terms described in the
      Application; and

   -- The Debtors will be approving a prospective budget and
      staffing plan for Young Conaway's engagement for the
      postpetition period as appropriate. In accordance with the
      U.S. Trustee Guidelines, the budget may be amended as
      necessary to reflect changed or unanticipated developments.

Edmon L. Morton, Esq., partner of Young Conaway Stargatt & Taylor,
LLP, assured the Court that the firm is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code and
does not represent any interest adverse to the Debtors and their
estates.

Young Conaway can be reached at:

     Edmon L. Morton, Esq.
     Sean M. Beach, Esq.
     Elizabeth S. Justison, Esq.
     Tara C. Pakrouh, Esq.
     1000 North King Street
     Wilmington, DE 19801
     Tel: (302) 571-6600
     Fax: (302) 571-1253

              About Dixie Electric, LLC

Dixie Electric, LLC, aka Expanse Energy Solutions, is a premier
provider of electrical infrastructure, automation and maintenance
services and materials to the oil and gas and commercial and
industrial industries. Expanse operates as a network of companies
across the United States with a wide scope of offerings that
answers the electrical demands of cutting-edge technologies in
automation, artificial lift and enhanced oil recovery.

Each of the Debtors filed a petition for reorganization under
chapter 11 of the Bankruptcy Code with the Court (Bank. D. Del.
Case no. 18-12477) on Nov. 2, 2018. The case is assigned to Judge
Kevin Gross.

The Debtors hire Simpson Thacher & Bartlett LLP, as counsel; Young
Conaway Stargatt & Taylor, LLP, as co-counsel; Prime Clerk LLC, as
administrative advisor as well as claims and noticing agent; and
PJT Partners LP, as investment banker.


DIXIE ELECTRIC: Taps Simpson Thacher as Counsel
-----------------------------------------------
Dixie Electric, LLC, and its debtor-affiliates seek authority from
the U.S. Bankruptcy Court for the District of Delaware to employ
Simpson Thacher & Bartlett LLP, as their counsel.

Dixie Electric requires Simpson Thacher to:

   (a) advise the Debtors with respect to their rights, powers
       and duties as the Debtors and debtors in possession in the
       continued operation of their businesses, and in the areas
       of corporate finance, securities laws, corporate
       governance, employee benefits and tax;

   (b) advise the Debtors regarding pending matters and the
       general status of these chapter 11 cases and coordinate
       with Delaware co-counsel Young Conaway Stargatt & Taylor,
       LLP on any necessary responses;

   (c) take all necessary action to protect and preserve the
       Debtors' estates during the pendency of these chapter 11
       cases, including the prosecution of any actions on the
       Debtors' behalf, the defense of any actions commenced
       against the Debtors, and the negotiation of disputes in
       which the Debtors are involved;

   (d) prepare on behalf of the Debtors all necessary motions,
       applications, answers, orders, reports and other papers in
       connection with the administration of the Debtors'
       estates;

   (e) attend meetings and negotiate with representatives of the
       Debtors' creditors and other parties in interest;

   (f) take all necessary action on behalf of the Debtors to
       obtain confirmation of the Plan and such further actions
       as may be required in connection with the implementation
       of the Plan and the restructuring;

   (g) provide legal advice and perform legal services with
       respect to matters relating to the interpretation,
       application or amendment of the Debtors' organizational
       documents, material contracts and matters involving the
       fiduciary duties of the Debtors and their officers,
       directors and managers;

   (h) provide legal advice and legal services with respect to
       litigation and other general non-bankruptcy legal issues
       for the Debtors to the extent requested by the Debtors;

   (i) attend court hearings and advise the Debtors on the
       conduct of their chapter 11 cases;

   (j) analyze the Debtors' leases and contracts and analyze the
       validity of claims against the Debtors; and

   (k) perform all other necessary legal services for the Debtors
       in connection with the prosecution of the chapter 11
       cases, including, without limitation performing all other
       services assigned by the Debtors to Simpson Thacher as co-
       counsel to the Debtors.

Simpson Thacher will be paid at these hourly rates:

     Partners                    $1,250 to $1,550
     Senior Counsel              $1,170
     Counsel                     $1,140
     Associates                  $540 to $1,085
     Paraprofessionals           $240 to $410

Young Conaway received from the Debtors a retainer in the amount of
$75,000 on September 18, 2018, and a supplement to the retainer,
including anticipated filing fees, in the amount of $100,000 on
October 29, 2018.

Simpson Thacher will also be reimbursed for reasonable
out-of-pocket expenses incurred.

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, the
following were provided in response to the request for additional
information:

   -- Simpson Thacher has not agreed to a variation of its
      standard or customary billing arrangements for this
      engagement;

   -- None of the professionals included in this engagement have
      varied their rates based on the geographic location of
      these chapter 11 cases;

   -- Simpson Thacher was retained by the Debtors pursuant to the
      Engagement Letter. The billing rates and material terms of
      the prepetition engagement are the same as the rates and
      terms described in the Application; and

   -- The Debtors have approved or will be approving a
      prospective budget and staffing plan for Simpson Thacher's
      engagement for the postpetition period as appropriate. In
      accordance with the U.S. Trustee Guidelines, the budget may
      be amended as necessary to reflect changed or unanticipated
      developments.

Elisha D. Graff, Esq., a partner of Simpson Thacher, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Simpson Thacher can be reached at:

     Elisha D. Graff, Esq.
     Kathrine A. McLendon, Esq.
     Edward R. Linden, Esq.
     David Baruch, Esq.
     SIMPSON THACHER & BARTLETT LLP
     425 Lexington Avenue
     New York, NY 10017
     Tel No: (212) 455-2000

              About Dixie Electric, LLC

Dixie Electric, LLC, aka Expanse Energy Solutions, is a premier
provider of electrical infrastructure, automation and maintenance
services and materials to the oil and gas and commercial and
industrial industries. Expanse operates as a network of companies
across the United States with a wide scope of offerings that
answers the electrical demands of cutting-edge technologies in
automation, artificial lift and enhanced oil recovery.

Each of the Debtors filed a petition for reorganization under
chapter 11 of the Bankruptcy Code with the Court (Bank. D. Del.
Case no. 18-12477) on Nov. 2, 2018. The case is assigned to Judge
Kevin Gross.

The Debtors have employed Simpson Thacher & Bartlett LLP, as
counsel; Young Conaway Stargatt & Taylor, LLP, as co-counsel; Prime
Clerk LLC, as administrative advisor as well as claims and noticing
agent; and PJT Partners LP, as investment banker.


EASTMAN KODAK: Bank Debt Trades at 2% Off
-----------------------------------------
Participations in a syndicated loan under which Eastman Kodak Co is
a borrower traded in the secondary market at 97.58
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents an increase of 2.18 percentage points from
the previous week. Eastman Kodak pays 625 basis points above LIBOR
to borrow under the $420 million facility. The bank loan matures on
September 3, 2019. Moody's rates the loan 'B3' and Standard &
Poor's gave a 'CCC' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, November 16.


ELAS LLC: Seeks Authority to Use Ocwen Cash Collateral
------------------------------------------------------
Elas, LLC dba Calnopoly, LLC seeks authority from the United States
Bankruptcy Court of the Central District of California to use cash
collateral in the ordinary course of its business.

Specifically, the Debtor intends to use cash collateral to pay for
all necessary postpetition operating expenses including
post-petition mortgage, maintenance, supplies, property taxes,
utility bills, and other normal and necessary operating expenses of
real property. The Debtor claims that its business cannot survive
without any use of cash collateral. Thus, the Debtor must be able
to pay expenses in accordance with the post-petition Budget which
provides total expenses of approximately $4,124 per month.

Ocwen Loan Servicing, LLC alleges that the approximate balance owed
under the Loan Documents is $500,358, as of the Petition Date,
secured by substantially all of Debtor's property, including Real
Property.

The Debtor offers to adequately protect the interests of Ocwen (a)
by granting post-petition liens on, and security interest in, the
properties of the estate in favor of Ocwen as adequate protection
for its secured claims and (b) by making adequate protection
payments to Ocwen in the amount equal to its present secured
interest in Debtor's Real Property.

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

                      
http://bankrupt.com/misc/cacb18-12494-11.pdf

                                   About Elas, LLC

Elas, LLC owns 100% interest in two real estate properties located
in Los Angeles, California having a total current value of $1.98
million.

Elas, LLC dba Calnopoly, LLC filed a Chapter 11 petition (Bankr.
C.D. Cal. Case No. 18-12494), on October 8, 2018. The petition was
signed by Latrice Allen, managing member. The case is assigned to
Judge Victoria S. Kaufman. The Debtor is represented by Anthony
Obehi Egbase, Esq. of A.O.E Law & Associates, APC. At the time of
filing, the Debtor had $1,986,300 in total assets and $1,026,878 in
estimated liabilities.


ELK RUN COAL: Court OK's Modification to Amended Consent Decree
---------------------------------------------------------------
In the case captioned OHIO VALLEY ENVIRONMENTAL COALITION, WEST
VIRGINIA HIGHLANDS CONSERVANCY and SIERRA CLUB, Plaintiffs, v. ELK
RUN COAL COMPANY, INC. and ALEX ENERGY, INC., Defendants, Civil
Action No. 3:12-0785 (S.D.W.V.), District Judge Robert C. Chambers
granted the joint motion to modify the Amended Consent Decree
approved by the Court on Oct. 4, 2016.

The original Consent Decree was intended to address Defendants'
violations of their West Virginia/National Discharge Elimination
System permits. On August 3, 2015, Defendants filed for Chapter 11
bankruptcy. Plaintiffs subsequently objected to Defendants' Second
Amended Joint Plan of Reorganization of Debtors and Debtors in
Possession. On June 30, 2016, the parties entered into a settlement
agreement to resolve Plaintiffs' objections and Parties agreed that
the bankruptcy process and Defendants' financial situation make it
impossible for Defendants to meet the obligations imposed by the
original Consent Decree. The parties, and the Court, accordingly
agreed to a modification that would delay deadlines imposed by the
Consent Decree by three years, and in exchange Defendants would,
among other things, fund forest and stream restoration in West
Virginia, donate the Rostraver Reserve to a non-profit that would
preclude any coal extraction on the Reserve, and sterilize
fifty-three million tons of coal. Since the entering of the Amended
Consent Decree, Parties have conferred and renegotiated terms to
develop more effective methods addressing coal mine pollution in
the region, resulting in the Second Amended Consent Decree. Upon
reaching their agreement, Parties submitted the Second Amended
Consent Decree to the Department of Justice for review.

Parties have agreed that material modifications to the Amended
Consent Decree must be approved by the Court. According to the
Consent Decree, the parties may modify the decree only upon a
subsequent written agreement by all parties, and where the
modification is material, the modification will only become
effective by approval of this Court. Consent Decree.

Here, the Second Amended Consent Decree restructures the methods
and terms of termination of the Amended Consent Decree. Previously,
the Amended Consent Decree listed an end goal that either (1) each
listed Outfall achieves a discharge effluent with levels at or
below 300 03bcS/cm for six consecutive months; or, (2) the
Defendants achieve a Passing GLIMPSS Score. Instead, the Second
Amended Consent Decree sets termination of goals of (1) structured
payment totaling $9,000,000 to Appalachian Headwaters, (2) In-Kind
Reclamation Obligations of $12,000,000, including the donation of
the Mammoth Reclamation Area and the Piney Creek Donation Area, and
(3) the completion of all reclamation projects as identified by
Appalachian Headwaters and Defendants. Parties believe that the
expanded use of an intermediary, through a structured payment plan,
constitutes a more effective plan to address coal mine pollution in
the region.

The Court recognizes Defendants' bankruptcy created limitations
that necessitated a modification of the Consent Decree. In a
continued effort to respond to changing circumstances of a bankrupt
party, the Court finds this Second Amended Decree provides more
definitive costs for the goals laid out by Parties. However, this
Court notes that the ultimate goal is to rectify the damage caused
by Defendants, rather than just doing as many repairs as they can
do within a set amount. Still, the Court agrees with Parties that
this Second Amended Consent Decree represents the best plan within
the economic realities of the instant case.

In sum, the Court finds the change in circumstances from the
bankruptcy warrants a second modification of the existing amended
consent decree. Moreover, the Court finds the new agreement
adequately addresses the harms intended to be addressed in the
original and amended decrees and furthers the purpose of the CWA.

A copy of the Court's Order dated Nov. 6, 218 is available at
https://bit.ly/2DCKg1k from Leagle.com.

Ohio Valley Environmental Coalition, West Virginia Highlands
Conservancy & Sierra Club, Plaintiffs, represented by Derek O.
Teaney, APPALACHIAN MOUNTAIN ADVOCATES, James M. Hecker, TRIAL
LAWYERS FOR PUBLIC JUSTICE, pro hac vice, Joseph Mark Lovett,
APPALACHIAN MOUNTAIN ADVOCATES, Peter Morgan, SIERRA CLUB, pro hac
vice & J. Michael Becher, APPALACHIAN MOUNTAIN ADVOCATES.

Elk Run Coal Company, Inc., Defendant, represented by L. Jill
McIntyre -- jmcintyre@jacksonkelly.com -- JACKSON KELLY, M. Shane
Harvey -- sharvey@jacksonkelly.com -- JACKSON KELLY, Robert G.
McLusky -- rmclusky@jacksonkelly.com -- JACKSON KELLY & Matthew
Scott Tyree, JACKSON KELLY.

Alex Energy, Inc., Defendant, represented by Christopher M. Hunter,
JACKSON KELLY, L. Jill McIntyre, JACKSON KELLY, M. Shane Harvey,
JACKSON KELLY, Robert G. McLusky, JACKSON KELLY & Matthew Scott
Tyree, JACKSON KELLY.

United States of America, Interested Party, represented by David
Gualtieri, UNITED STATES DEPARTMENT OF JUSTICE, Frederick Harter
Turner, UNITED STATES DEPARTMENT OF JUSTICE & John Pershing Tustin,
UNITED STATES DEPARTMENT OF JUSTICE.


FCA US: S&P Withdraws 'B +' Long-Term Issuer Credit Rating
----------------------------------------------------------
S&P Global Ratings withdrew its 'BB+' long-term issuer credit
rating on FCA US LLC, a core  subsidiary of Fiat Chrysler
Automobiles N.V. At the time of the withdrawal, the outlook was
positive, mirroring the outlook on its parent.

This withdrawal follows FCA US' recent prepayment of its remaining
$1 billion under its term loan B. At the time of withdrawal, there
was no rated debt  outstanding at FCA US.



FG DINER: Taps Morrison Tenenbaum as Legal Counsel
--------------------------------------------------
FG Diner Inc. seeks approval from the U.S. Bankruptcy Court for the
Eastern District of New York to hire Morrison Tenenbaum, PLLC as
its legal counsel.

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

Morrison Tenenbaum charges these hourly fees:

     Lawrence Morrison     $525
     Brian Hufnagel        $425
     Associates            $380
     Paraprofessionals     $175

The firm received $10,000 from the Debtor as an initial retainer
fee.

Lawrence Morrison, Esq., at Morrison Tenenbaum, disclosed in a
court filing that his firm is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Lawrence F. Morrison, Esq.
     Morrison Tenenbaum, PLLC
     87 Walker Street, Floor 2
     New York, NY 10013
     Phone: 212-620-0938  
     Email: lmorrison@m-t-law.com

                       About FG Diner Inc.

FG Diner Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 18-45884) on October 12, 2018.  At
the time of the filing, the Debtor disclosed that it had estimated
assets of less than $50,000 and liabilities of less than $500,000.


The case has been assigned to Judge Nancy Hershey Lord.  The Debtor
tapped Morrison Tenenbaum, PLLC as its legal counsel.


FKM REAL ESTATE: Dec. 27 Plan Confirmation Hearing
--------------------------------------------------
Judge Vincent F. Papalia of the U.S. Bankruptcy Court for the
District of New Jersey approved the second modified disclosure
statement explaining FKM Real Estate Holdings, Inc.'s plan of
reorganization.

December 27, 2018, at 11:00 A.M., is fixed as the date and time for
the hearing on confirmation of the plan.

                   About FKM Real Estate Holdings

FKM Real Estate Holdings, Inc., is a real estate company that owns
in fee simple interest a property located at 131 Main Street,
Newton, New Jersey, with an appraised value of $2.86 million.

FKM Real Estate Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 17-33702) on Nov. 22, 2017.
In the petition signed by CEO Fe Calilio Martinez, the Debtor
disclosed $2.86 million in assets and $983,211 in liabilities.
Judge Vincent F. Papalia presides over the case.


FRANCIS' DRILLING: Committee Taps Conway as Financial Advisor
-------------------------------------------------------------
The official committee of unsecured creditors of Francis' Drilling
Fluids, Ltd. received approval from the U.S. Bankruptcy Court for
the Southern District of Texas to hire Conway MacKenzie, Inc. as
its financial advisor.

The firm will assist the committee in reviewing the financial
information prepared by Francis' Drilling and its affiliates;
analyze and monitor the Debtors' restructuring process; assist in
the evaluation, analysis and forensic investigation of avoidance
actions; prepare analysis necessary for the formulation and
confirmation of a bankruptcy plan; and provide other financial
advisory services related to the Debtors' Chapter 11 cases.

Conway charges these hourly fees:

     Senior Managing Directors       $915 - $1,115
     Managing Directors              $725 - $895
     Directors                       $610 - $700
     Senior Associates               $465 - $495  
     Associates                      $200 - $225

John Young Jr., senior managing director of Conway, disclosed in a
court filing that his firm is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

Conway can be reached through:

     John T. Young Jr.
     Conway MacKenzie, Inc.
     1301 McKinney Street, Suite 2025
     Houston, TX 77010
     Phone: +1.713.650.0500
     Email: JYoung@ConwayMacKenzie.com

                About Francis' Drilling Fluids Ltd.

Francis' Drilling Fluids, Ltd. -- http://www.fdfenergy.com/--
provides transportation, transloading, drilling fluid, cleaning,
equipment rental and technical services to the oil and gas
industry.  Headquartered in Lafayette, Louisiana, the company
conducts its business under the name FDF Energy Services and
employs nearly 500 workers.

Francis' Drilling Fluids and its affiliates, FDF Resources Holdings
LLC and Francis Logistics LLC, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 18-35441) on
Sept. 29, 2018.

In the petitions signed by Barry Charpentier, president, the
Debtors estimated assets of $10 million to $50 million and
liabilities of $50 million to $100 million.  

Judge Marvin Isgur presides over the cases.

The Debtors tapped Norton Rose Fulbright US LLP as their legal
counsel; CR3 Partners LLC as restructuring advisor; SSG Capital
Advisors, LLC, as investment banker; and JND Corporate
Restructuring as claims and noticing agent.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on October 17, 2018.  The committee tapped
Greenberg Traurig, LLP as its legal counsel, and Conway MacKenzie,
Inc. as its financial advisor.


FRANCIS' DRILLING: Committee Taps Greenberg Traurig as Counsel
--------------------------------------------------------------
The official committee of unsecured creditors of Francis' Drilling
Fluids, Ltd. received approval from the U.S. Bankruptcy Court for
the Southern District of Texas to hire Greenberg Traurig, LLP as
its legal counsel.

The firm will advise the committee regarding its duties under the
Bankruptcy Code; investigate the financial condition and operations
of Francis' Drilling and its affiliates; represent the committee in
its consultations with the Debtors; analyze claims of creditors;
and provide other legal services related to the Debtors' Chapter 11
cases.

The hourly rates range from $650 to $1,500 for shareholders, $550
to $1,405 for of counsel, $495 to $845 for associates, and $350 to
$450 for paralegals.

The principal attorneys and paralegals who will be providing the
services are:

     David Kurzweil       $1,105
     Shari Heyen            $985
     John Hutton III        $850
     Sean Gordon            $545
     Kristen Jacobsen       $400
     Emily Weaver           $395
     Dewitt Perkins         $395

Shari Heyen, Esq., a shareholder at Greenberg Traurig, disclosed in
a court filing that her firm is "disinterested" as defined in
section 101(14) of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Ms.
Heyen disclosed in a court filing that her firm has not agreed to a
variation of its standard or customary billing arrangements in
connection with its employment with the committee, and that no
Greenberg Traurig professional has varied his rate based on the
geographic location of the Debtors' cases.

Greenberg Traurig was not selected to represent the committee until
after it was appointed by the U.S. trustee on October 17, 2018.
The firm's billing rates increased at the beginning of 2018 from
its rates in 2017 but its rates have not increased following the
Debtors' bankruptcy filing, according to Ms. Heyen.

Ms. Heyen also disclosed that the committee and Greenberg Traurig
expect to develop a prospective budget and staffing plan.

Greenberg Traurig can be reached through:

     Shari L. Heyen, Esq.
     Greenberg Traurig, LLP
     1000 Louisiana Street, Suite 1700
     Houston, TX 77002
     Direct: +1 713.374.3564
     Tel: +1 713.374.3500
     Fax: +1 713.374.3505
     Email: heyens@gtlaw.com

                About Francis' Drilling Fluids Ltd.

Francis' Drilling Fluids, Ltd. -- http://www.fdfenergy.com/--
provides transportation, transloading, drilling fluid, cleaning,
equipment rental and technical services to the oil and gas
industry.  Headquartered in Lafayette, Louisiana, the company
conducts its business under the name FDF Energy Services and
employs nearly 500 workers.

Francis' Drilling Fluids and its affiliates, FDF Resources Holdings
LLC and Francis Logistics LLC, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 18-35441) on
Sept. 29, 2018.

In the petitions signed by Barry Charpentier, president, the
Debtors estimated assets of $10 million to $50 million and
liabilities of $50 million to $100 million.  

Judge Marvin Isgur presides over the cases.

The Debtors tapped Norton Rose Fulbright US LLP as their legal
counsel; CR3 Partners LLC as restructuring advisor; SSG Capital
Advisors, LLC, as investment banker; and JND Corporate
Restructuring as claims and noticing agent.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on October 17, 2018.  The committee tapped
Greenberg Traurig, LLP as its legal counsel, and Conway MacKenzie,
Inc. as its financial advisor.


FRONTIER COMMUNICATIONS: Bank Debt Trades at 5% Off
---------------------------------------------------
Participations in a syndicated loan under which Frontier
Communications Corporation is a borrower traded in the secondary
market at 95.25 cents-on-the-dollar during the week ended Friday,
November 16, 2018, according to data compiled by LSTA/Thomson
Reuters MTM Pricing. This represents a decrease of 1.51 percentage
points from the previous week. Frontier Communications pays 375
basis points above LIBOR to borrow under the $1.50 billion
facility. The bank loan matures on June 15, 2024. Moody's rates the
loan 'B2' and Standard & Poor's gave a 'B' rating to the loan. The
loan is one of the biggest gainers and losers among 247 widely
quoted syndicated loans with five or more bids in secondary trading
for the week ended Friday, November 16.


GENWORTH LIFE: Fitch Lowers IFS Ratings to B-, Outlook Evolving
---------------------------------------------------------------
Fitch Ratings has downgraded the Insurer Financial Strength ratings
of Genworth Life Insurance Company and Genworth Life Insurance
Company of New York to 'B-' from 'B+'. Fitch also downgraded the
IFS rating of Genworth Life and Annuity Insurance Company to 'B+'
from 'BB' and removed it from Rating Watch Evolving. The Rating
Outlook for all ratings is Evolving.

The rating actions complete Fitch's annual review and follow
several recent announcements by the insurance companies' parent,
Genworth Financial, Inc. regarding its plans for the life insurers
and the status of its proposed acquisition by China Oceanwide
Holdings Group Co. Ltd.

Genworth has announced it is no longer pursuing a proposed
unstacking of GLAIC from GLIC. The unstacking had previously been a
condition of the merger agreement under which Oceanwide committed
to contributing $525 million and Genworth committed an additional
$175 million of its own funds to GLIC to transfer ownership of
GLAIC from GLIC to another unit of Genworth.

In late October 2018, Genworth announced it would contribute $175
million, through an intermediate holding company, to GLIC. The
contribution would be made in installments, post-closing, provided
the merger with Oceanwide closes.

In late October 2018, Genworth also announced it had postponed its
annual review of long-term care claims reserves from the third
quarter of 2018 to the fourth quarter. The reserve review was
postponed so that Genworth could further analyze potential
methodology and assumption changes that might be implemented for
the review of both claims reserves and active life reserves.

Genworth also reiterated that its U.S. life businesses will be
managed on a standalone basis from the other Genworth businesses.
Neither Genworth, nor Oceanwide, have plans to contribute any
additional capital to the life insurers beyond the $175 million
commitment if the merger closes.

The rating actions were taken because Fitch believes this series of
announcements removes much of the uncertainty surrounding the
subsequent credit profiles of the life insurers whether or not the
proposed merger closes.

KEY RATING DRIVERS

The ratings consider the weak business profile of the Genworth life
insurers. Genworth no longer writes new life and annuity business.
GLIC and GLICNY continue to write LTC in most states. However, the
volume of new business written has declined steeply. Fitch's
primary rating concern is the adequacy of reserves associated with
the inforce LTC business, which is concentrated in GLIC and GLICNY.
Fitch views LTC one of the most risky products sold by U.S. life
insurers due to above-average underwriting and pricing risk, high
reserve and capital requirements and exposure to interest rate
volatility.

Genworth has taken steps to strengthen LTC reserves in recent
years. However, there remains considerable uncertainty regarding
ultimate claims costs and the ability of the company to achieve
future premium rate increases on legacy inforce business. Given the
size of Genworth's LTC exposure, changes in reserve assumptions can
have a material impact on the company's statutory capital and
overall solvency position. Based on Fitch's recent stress test of
the life industry's LTC reserves, Fitch found Genworth's reserve
adequacy to be below average.

Fitch believes the Genworth life insurers' access to the capital
markets for future funding needs and overall financial flexibility
is extremely limited. Genworth has indicated its unwillingness to
support the life insurers beyond the $175 million capital
contribution commitment if the merger is approved.

Currently, the life and annuity reserves of the Genworth life
insurers are concentrated in GLAIC while the LTC reserves are
recorded in GLIC and GLICNY. While GLIC and GLICNY wrote most of
the LTC business and GLAIC wrote much of the life and annuity
business, some reserves were moved through a series of reinsurance
transactions in anticipation of the previously-proposed unstacking
transaction. Some of those reinsurance transactions may be unwound
now that the unstacking will not occur. Nonetheless, Fitch believes
GLIC and GLICNY would still contain most of the LTC exposure even
if the reinsurance was unwound.

Additionally, Fitch notes that GLIC, GLICNY and GLAIC are domiciled
in separate states - Delaware, New York and Virginia, respectively.
Fitch believes the separation of regulatory supervision and the
segregation of most of the LTC reserves into GLIC and GLICNY
indicates the standalone profile of GLAIC is stronger than GLIC and
GLICNY. However, GLAIC's rating is negatively affected by its
status as a wholly-owned subsidiary of GLIC.

RATING SENSITIVITIES

Key rating sensitivities that could result in a rating downgrade
include:

  -- Significant additional charges related to long-term care or
run-off business in the near to intermediate term.

Key rating sensitivities that could result in a return to Stable
Outlook include:

  -- A lack of significant additional charges related to long-term
care or run-off business in the near to intermediate term.

If Genworth and Oceanwide, should the acquisition close,
demonstrate a willingness and ability to support the life insurers,
the ratings could be re-evaluated and possibly rated using a group
rating approach.

If the proposed acquisition successfully closes, the effect of
Oceanwide's ownership on Genworth will be an important analytical
consideration. If Fitch has insufficient information to evaluate
the effect of Oceanwide's ownership on the rated entities, Fitch
may have to withdraw the ratings for lack of information.

FULL LIST OF RATING ACTIONS

Fitch has downgraded the following ratings:

Genworth Life and Annuity Insurance Company;

  -- IFS to 'B+' from 'BB';

  -- Rating Watch Evolving removed, Rating Outlook Evolving.

Fitch downgrades the following ratings with Evolving Rating
Outlook:

Genworth Life Insurance Company;

Genworth Life Insurance Company of New York;

  -- IFS to 'B-' from 'B+'.


GOGO INC: Issues $215MM $6.00% Convertible Senior Notes
-------------------------------------------------------
Gogo Inc. issued has $215 million aggregate principal amount of its
6.00% Convertible Senior Notes due 2022 under an Indenture, dated
as of Nov. 21, 2018, with U.S. Bank National Association, as
trustee.  The Notes will bear interest at a rate of 6.00% per year,
payable semi-annually in arrears on May 15 and November 15 of each
year, beginning on May 15, 2019.  The Notes will mature on May 15,
2022, unless earlier repurchased by the Company or converted.

The initial conversion rate of the Notes is 166.6667 shares of
common stock per $1,000 principal amount of Notes, which
corresponds to an initial conversion price of approximately $6.00
per share and represents a conversion premium of approximately
20.0% over the last reported sale price of the Company's common
stock of $5.00 per share on The NASDAQ Global Select Market on Nov.
16, 2018.  The conversion rate is subject to adjustment upon the
occurrence of certain specified events, including, but not limited
to, the issuance of certain stock dividends on common stock, the
issuance of certain rights or warrants, distributions of capital
stock, indebtedness or assets and the payment of cash dividends.

The Notes will be convertible prior to Jan. 15, 2022 only under
certain circumstances (as set forth in the Indenture) and
thereafter at any time.  Upon conversion, the Notes will be settled
at the Company's election in shares of the Company's common stock,
cash or a combination of cash and shares of the Company's common
stock.

The Company may not redeem the Notes prior to the relevant maturity
date and no sinking fund is provided for the Notes, which means the
Company is not required to periodically redeem or retire the Notes.
Upon the occurrence of a fundamental change (as defined in the
Indenture), holders will, subject to specified conditions, have the
right, at their option, to require the Company to repurchase all or
a portion of their Notes for cash at a price equal to 100% of the
principal amount of the Notes to be repurchased plus accrued and
unpaid interest, if any, to, but not including, the fundamental
change repurchase date.

The Notes are the Company's general unsecured senior obligations
and will rank equal in right of payment with all of the Company's
existing and future senior unsecured indebtedness and senior in
right of payment to our existing and future subordinated debt.  The
Notes will effectively rank junior in right of payment to any of
the Company's existing and future secured indebtedness to the
extent of the value of the assets securing such indebtedness and
are structurally subordinated to all indebtedness and other
liabilities of the Company's subsidiaries.

The Indenture provides for customary events of default.  In the
case of an event of default with respect to the Notes arising from
specified events of bankruptcy or insolvency, all outstanding Notes
will become due and payable immediately without further action or
notice.  If any other event of default with respect to the Notes
under the Indenture occurs or is continuing, the Trustee or holders
of at least 25% in aggregate principal amount of the then
outstanding Notes may declare the principal amount of the Notes to
be immediately due and payable.

                      Purchase Agreements

On Nov. 16, 2018, the Company entered into a purchase agreement
with J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, as
representatives of the several initial purchasers listed in
Schedule 1 of the Purchase Agreement, to issue and sell $202
million aggregate principal amount of the Notes in a private
placement to qualified institutional buyers pursuant to Rule 144A
under the Securities Act of 1933, as amended.  In addition, the
Company granted the Initial Purchasers a 13-day option to purchase
up to an additional $32.25 million aggregate principal amount of
the Notes.

The Purchase Agreement includes customary representations,
warranties and covenants by the Company and customary closing
conditions.  Under the terms of the Purchase Agreement, the Company
has agreed to indemnify the Initial Purchasers and their
controlling persons against certain liabilities.

On Nov. 16, 2018, the Company entered into an Affiliate Purchase
Agreement with Thorndale Farm Private Equity Fund 2, LLC, an entity
affiliated with the Company's chief executive officer, to issue and
sell $8 million aggregate principal amount of the Notes in a
private placement pursuant to Section 4(a)(2) of the Securities
Act.

On Nov. 16, 2018, the Company entered into a purchase agreement
with J. Wood Capital Advisors LLC to issue and sell $5 million
aggregate principal amount of the Notes in a private placement
pursuant to Section 4(a)(2) of the Securities Act.

The Notes were, and any additional Notes issued in connection with
the exercise of the Initial Purchaser's option to purchase
additional Notes will be, sold in reliance on the exemption from
the registration requirements provided by Section 4(a)(2) of the
Securities Act of 1933, as amended.  The Company does not intend to
file a shelf registration statement for the resale of the Notes or
shares of common stock issuable upon conversion of the Notes.

                          About Gogo

Gogo Inc. -- http://www.gogoair.com/-- is a global provider of
broadband connectivity products and services for aviation.  The
company designs and sources innovative network solutions that
connect aircraft to the Internet, and develop software and
platforms that enable customizable solutions for and by its
aviation partners.  Gogo's products and services can be found on
thousands of aircraft operated by the leading global commercial
airlines and thousands of private aircraft, including those of the
largest fractional ownership operators.  Gogo is headquartered in
Chicago, Illinois with additional facilities in Broomfield, CO and
locations across the globe.   

Gogo incurred net losses of $171.99 million in 2017, $124.50
million in 2016 and $107.61 million in 2015.  As of Sept. 30, 2018,
the Company had $1.24 billion in total assets, $1.50 billion in
total liabilities and a total stockholders' deficit of $261.28
million.

                          *     *     *

In May 2018, Moody's Investors Service downgraded Gogo Inc.'s
(Gogo) corporate family rating (CFR) to 'Caa1' from 'B3'.
According to Moody's, Gogo's 'Caa1' CFR reflects its small scale,
competitive operating environment, low margins, high leverage
(12.9x Moody's adjusted at year end 2017), and the expectation of
negative free cash flow into at least 2019 as the company heavily
invests in the rollout of in-flight connectivity technology to
additional carriers outside the North American market, where it
currently benefits from critical mass in the commercial aviation
segment and a dominant position in business aviation.

As reported by the TCR on May 8, 2018, S&P Global Ratings lowered
its corporate credit rating on Chicago-based Gogo Inc. to 'CCC+'
from 'B-'.  "The downgrade reflects our expectation that previously
announced equipment issues will weigh on operating and financial
performance in 2018, which we expect will have a carry-over effect
on the company's growth in 2019.  As a result, we believe there
could be a liquidity shortfall in the second half of 2019 absent
improvements in operating performance and planned cost saving
initiatives," S&P said.


GREAT FOOD: Permitted to Use Cash Collateral Through March 31
-------------------------------------------------------------
The Hon. Carl L. Bucki of the U.S. Bankruptcy Court for the Western
District of New York has signed a ninth interim order authorizing
Great Food Great Fun, LLC, and Professional Hospitality LLC to use
the cash collateral of secured creditors U.S. Foods, Inc./U.S.
Foodservice, Inc., Cosima Corporation, the Internal Revenue
Service, the New York State Department of Taxation and Finance,
Snap Advances, LLC, GU Capital, Tango Capital and Northwest Savings
Bank.

Each of the Debtors is authorized and permitted to use cash
collateral through March 31, 2019 in accordance with those pro
forma income and expense projections within a 5% variance.

The Secured Creditors are granted rollover replacement liens in
post-petition assets of the Debtors of the same relative priority
and on the same types and kinds of collateral as they possessed
pre-petition, to the extent of cash collateral actually used and
not paid down by the Debtors, effective as of the date of filing of
this case.

As additional adequate protection to the Secured Creditors, debtor
Great Food Great Fun will make these adequate protection payments:

     A. Cosima -- as adequate protection to GFGF landlord Cosima,
current rent will be paid at the rate of $1,500 per week.
Additionally, GFGF will make payments of $1,000.69 per month toward
back rental amounts owed by GFGF;

     B. U.S. Foods -- all current purchase to U.S. Foods, all
current purchases will be paid COD upon delivery. Additionally,
GFGF will continue to pay $250 per week toward arrears owed; and

     C. IRS -- as adequate protection to partially secured claims
of the IRS, GFGF will continue to make adequate protection payments
to the IRS at the rate of $750 per week.

As additional adequate protection to the Secured Creditors, debtor
Professional Hospitality will make these adequate protection
payments:

     A. U.S. Foods -- any current purchases will be paid COD upon
delivery. No additional adequate protection payments will be made
until Debtor PH's seasonal business is reopened in approximately
April 2019;

     B. NYS Tax -- PH is closed for the season. No additional
adequate protection payments will be made to NYS Tax until Debtor
PH's seasonal business is reopened in approximately April 2019.

A further hearing on the Debtors' use of cash collateral after
March 31, 2019, will be held on March 25, 2019, at 10:00 a.m.

A full-text copy of the Ninth Interim Order is available at:

         http://bankrupt.com/misc/nywb17-11557-216.pdf

                 About Great Food Great Fun and
                    Professional Hospitality

Great Food Great Fun LLC is a New York corporation which is doing
business as "Wing City Grille" and which operates a restaurant in
Fredonia, New York.  Professional Hospitality, LLC, is a New York
corporation which is doing business as "Village Casino Restaurant"
and which operates a restaurant and banquet facilities on the
waterfront in Bemus Point, New York.  The Village Casino Restaurant
is seasonal, generally operating only between May 1 and Sept. 30
each year.  Great Food and Professional Hospitality are single
member limited liability corporations owned by Andrew C. Carlson,
an individual who is not in bankruptcy.  

Great Food Great Fun, LLC, and Professional Hospitality, LLC, filed
Chapter 11 petitions (Bankr. W.D.N.Y. Case Nos. 17-11557 and
17-11558, respectively) on July 24, 2017.

Judge Carl L. Bucki presides over the Debtors' jointly administered
cases.  

Andreozzi Bluestein LLP, serves as counsel to the Debtors.


GULF FINANCE: Bank Debt Trades at 20% Off
-----------------------------------------
Participations in a syndicated loan under which Gulf Finance LLC is
a borrower traded in the secondary market at 80.05
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.66 percentage points from
the previous week. Gulf Finance LLC pays 525 basis points above
LIBOR to borrow under the $1.150 billion facility. The bank loan
matures on August 25, 2023. Moody's rates the loan 'B3' and
Standard & Poor's gave a 'B' rating to the loan. The loan is one of
the biggest gainers and losers among 247 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday, November 16.


HANGING HOOK: Dec. 18 Plan Confirmation Hearing
-----------------------------------------------
The Bankruptcy Court has approved the disclosure statement
explaining Hanging Hook Inc.'s third amended plan of reorganization
and will hold a hearing on the confirmation of the Plan and related
matters on December 18, 2018 at 11:00 a.m. in the Federal Building
and Courthouse, Courtroom 4, 595 Main Street, Worcester, MA.

Any objections to the confirmation of the Plan of Reorganization
and other related matters must be filed with the Clerk of the
Bankruptcy Court, District of Massachusetts, 300 State Street,
Springfield, MA 01105 together with proof of service, no later than
December 14, 2018 at 4:30 p.m.

The Debtor's revenue stream exclusively originates from the rental
payments it receives from the four units in its building. As a
reminder, the Debtor is a company that owns one single piece of
real estate. The Debtor’s expenses, exclusive of any bankruptcy
administrative costs, are solely related to upkeep and maintenance
of the real estate located at 259 Main Street in Rutland,
Massachusetts.

The bankruptcy was filed in July of 2017. Its rent roll (i.e. its
revenue) has been exceptionally consistent since the filing. The
revenue procured has consistently approximated $4,000.00. Indeed,
as the attached Exhibit C reveals, the revenue has been $4640.00
since June of 2018. The previous twelve months had at times a
slight dip in revenue only because one of the apartment units was
vacant for a short period of time. But even with such vacancy, the
rent roll never dipped below $3,400.00 per month.

The Debtor's expenses have been very consistent and low. The
Debtor's only expenses during the bankruptcy have been for local
real estate property taxes to the Town of Rutland (Massachusetts),
U.S. Trustee Quarterly Fees, labor for upkeep, management and
utilities. The property taxes are only paid quarterly as are the
U.S. Trustee Fees. The Trustee Fees have approximated $650 per
quarter. The property taxes equate with approximately $473 per
month. The utility bills are paid as due. Labor costs for upkeep,
as by definition, are paid when labor is done. The Debtor has not
incurred any outstanding post-petition obligations (beyond
bankruptcy attorney fees) as it has met is obligations as they come
due or within a very short period thereafter.

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

      http://bankrupt.com/misc/mab17-41271-71.pdf

                About Hanging Hook Inc.

Hanging Hook Inc., filed a Chapter 11 bankruptcy petition (Bankr.
D. Mass. Case No. 41271) on July 12, 2017, disclosing under $1
million in both assets and liabilities. The Debtor hired James P.
Ehrhard, Esq., at Ehrhard & Associates, P.C.


HARDLINE HEAVY: Taps Birchler Fitzhugh as Legal Counsel
-------------------------------------------------------
Hardline Heavy Haul LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Michigan to hire Birchler,
Fitzhugh, Purtell & Brissette, PLC as its legal counsel.

The firm will assist the Debtor in negotiating a plan of
reorganization; prosecute claims of its bankruptcy estate; assist
the Debtor in any potential sale of its assets; and provide other
legal services related to its Chapter 11 case.

The firm's attorneys do not represent any interest adverse to the
Debtor and its estate, according to court filings.

Birchler can be reached through:

     J. Joseph Purtell, Esq.
     Birchler, Fitzhugh, Purtell & Brissette, PLC
     900 Center Avenue
     Bay City MI 48708-6118
     Tel: +1 989 892 0591
     Email: joe@glblg.com

                   About Hardline Heavy Haul LLC

Hardline Heavy Haul LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 18-22193) on November
16, 2018.  At the time of the filing, the Debtor disclosed that it
had estimated assets of less than $100,000 and liabilities of less
than $500,000.  

The case has been assigned to Judge Daniel S. Opperman.  The Debtor
tapped Birchler, Fitzhugh, Purtell & Brissette, PLC as its legal
counsel.


HUSKY INJECTION: Bank Debt Trades at 7% Off
-------------------------------------------
Participations in a syndicated loan under which Husky Injection
Moldings is a borrower traded in the secondary market at 93.06
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.33 percentage points from
the previous week. Husky Injection pays 300 basis points above
LIBOR to borrow under the $2.10 billion facility. The bank loan
matures on March 15, 2025. Moody's rates the loan 'B2' and Standard
& Poor's gave a 'B' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, November 16.


J. HOWARD RESTAURANT: Tex. Judge Approves Disclosure Statement
--------------------------------------------------------------
Judge Jeff Bohm of the U.S. Bankruptcy Court for the Southern
District of Texas approved the disclosure statement of J. Howard
Restaurant Partners LLC.

Further, Judge Bohm denied the confirmation of the Amended Plan of
Reorganization for, among other reasons, that it was not feasible
under 11 U.S.C. Sec. 1129 (a) (11).

           About J. Howard Restaurant Partners

J. Howard Restaurant Partners LLC, which conducts business under
the name Jaxton's Bistro & Bar, operates a full-service restaurant
and bar in Cypress, Texas, serving Italian & French cuisine. It is
a small business debtor as defined in 11 U.S.C. Section 101(51D).

J. Howard Restaurant Partners sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Texas Case No. 18-30576) on Feb.
8, 2018.

In its petition signed by Jason Howard, managing member, the Debtor
disclosed $173,000 in assets and $1.19 million in liabilities.  

Judge Jeff Bohm presides over the case.

The Law Office of Margaret M. McClure is the Debtor's bankruptcy
counsel.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case of J. Howard Restaurant Partners, LLC, as of
March 20, according to a court docket.


JANET SUE PLESTER: Court Confirms Amended Plan of Reorganization
----------------------------------------------------------------
Bankruptcy Judge Frederick P. Corbit issues his findings of fact
and conclusions of law in confirming Debtor Janet Sue Plester's
amended plan of reorganization dated Sept. 19, 2018.

The Court finds that the provisions of Chapter 11 of the United
States Code have been complied with and the Plan has been proposed
in good faith and not by any means forbidden by law.

Further, each holder of a claim or interest has accepted the Plan
or will receive or retain under the Plan property of a value, as of
the effective date of the Plan, that is not less than the amount
that such holder would receive or retain if the Debtor was
liquidated under Chapter 7 of the Code on such date, or the Plan
does not discriminate unfairly, and is fair and equitable with
respect to each class of claims or interests that is impaired
under, and has not accepted the Plan.

Confirmation of the Plan is not likely to be followed by the
liquidation, or the need for further financial reorganization of
the Debtor, or (b) if the Plan is a plan of liquidation, the Plan
sets a time period in which liquidation will be accomplished, and
provides for the eventuality that the liquidation is not
accomplished in that time period.

The bankruptcy case is in re: JANET SUE PLESTER, Chapter 11,
Debtor, No. 18-00972-FPC11 (Bankr. E.D. Wash.).

A copy of the Court's Findings of Fact and Conclusions of law is
available at https://bit.ly/2DPyjqb and https://bit.ly/2QbHPth from
Leagle.com.

Janet Sue Plester, Debtor, represented by Kevin ORourke, Southwell
and O'Rourke.

US Trustee, U.S. Trustee, represented by James D. Perkins, U S Dept
of Justice/U S Trustee Office.

Janet Sue Plester filed for Chapter 11 bankruptcy protection
(Bankr. E.D. Wash. Case No. 18-00972) on April 9, 2018.  Kevin
O'Rourke, Esq., at Southwell And O'Rourke, serves as the Debtor's
bankruptcy counsel.


KLOECKNER PENTAPLAST: Bank Debt Trades at 6% Off
------------------------------------------------
Participations in a syndicated loan under which Kloeckner
Pentaplast SA is a borrower traded in the secondary market at 94.31
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.33 percentage points from
the previous week. Kloeckner Pentaplast pays 425 basis points above
LIBOR to borrow under the $835 million facility. The bank loan
matures on June 17, 2022. Moody's rates the loan 'B3' and Standard
& Poor's gave a 'B' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, November 16.

Kloeckner Pentaplast SA, headquartered in Montabaur, Germany and
with legal domicile in Luxembourg, is a leader in the manufacturing
of rigid plastic films for the pharmaceuticals,
food, medical, electronics, and other packaging industries.


LA CASA DE PEDRO: Cash Collateral Hearing Continued to December 12
------------------------------------------------------------------
The Hon. Frank J. Bailey of the U.S. Bankruptcy Court for the
District of Massachusetts authorized La Casa de Pedro, Inc. to
further use of cash collateral on an interim basis through the
continued hearing which will be held on December 12, 2018 at 11:30
a.m. La Casa must file a report of actual income and expenses
compared to those budgeted, on or before December 10.

A copy of the Order is available at:

          http://bankrupt.com/misc/mab18-11916-130.pdf

                    About La Casa de Pedro

La Casa de Pedro, Inc. -- http://lacasadepedro.com/-- is a
restaurant that offers Venezuelan & Spanish cuisine.  Owner and
Executive Chef Pedro Alarcon serves dishes that highlight the
traditions of his native Venezuela and broader Latin American
heritage.

La Casa de Pedro, Inc., based in Watertown, MA, filed a Chapter 11
petition (Bankr. D. Mass. Case No. 18-11916) on May 23, 2018.  In
the petition signed by Pedro Alarcon, president, treasurer,
secretary and sole director, the Debtor estimated $500,000 to $1
million in assets and $1 million to $10 million in liabilities. The
Hon. Joan N. Feeney presides over the case.  Nina M. Parker, Esq.,
at Parker & Associates, serves as bankruptcy counsel.


LANNETT CO: Bank Debt Trades at 20% Off
---------------------------------------
Participations in a syndicated loan under which Lannett Co
Incorporated is a borrower traded in the secondary market at 80.00
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents an increase of 1.37 percentage points from
the previous week. Lannett Co pays 538 basis points above LIBOR to
borrow under the $635 million facility. The bank loan matures on
November 20, 2022. Moody's rates the loan 'B3' and Standard &
Poor's gave a 'B' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, November 16.


LDR INDUSTRIES: Losses Summary Judgment Bid vs Hanover Insurance
----------------------------------------------------------------
Plaintiff LDR Industries, LLC and Defendant The Hanover Insurance
Company in the case captioned LDR INDUSTRIES, LLC, Plaintiff, v.
THE HANOVER INSURANCE COMPANY, Defendant, Adv. No. 16 A 404 (Bankr.
N.D. Ill.) filed with the Court cross-motions for summary judgment.
In the underlying complaint, LDR seeks a declaratory judgment that
any obligation it has to Hanover under a certain Customs bond is
not secured by a letter of credit.

Having reviewed the Joint Statement of Material Facts, the exhibits
on the Joint Exhibit List, and the memoranda of law filed by the
parties, Bankruptcy Judge Pamela S. Hollis denies LDR's motion for
summary judgment and grants Hanover's motion for summary judgment.

The primary objective of contract interpretation is to give effect
to the intent of the contracting parties. The first issue is
whether the documents in question are clear and unambiguous.

The Court finds that the documents are unambiguous. The collateral
security clause in the First Indemnity Agreement provided that
Hanover could demand that LDR deposit funds in an amount sufficient
to satisfy any claim Hanover had to pay in its role as a surety.
When it was time for a second bond, the language changed slightly,
which is entirely appropriate as there was now a history of Hanover
providing bonds. Rather than referring to funds that would be
sufficient to satisfy "any claim," the amended language required
LDR to deposit funds "as soon as [Hanover] has determined that
liability exists under any bond written for [LDR]."

Therefore, the parties agreed that Hanover could demand a deposit
of funds from LDR, and that deposit would collateralize LDR's
indemnification obligation. Relying on the First Indemnity
Agreement, LDR argues that "if Hanover determined it had liability
under its bond, it was permitted to demand that LDR deposit
'current [sic] funds' in an amount sufficient to satisfy any claim
against Hanover under the bond. Hanover had no basis to make a
determination of such liability before Customs had asserted a claim
on the bond." Since Customs did not assert a claim until after the
bond had terminated, Hanover could not have made a determination of
liability, so LDR concludes that the Original ILOC did not fall
under the collateral security provision.

But LDR is conflating the language of the First Indemnity Agreement
with the language of the Second Indemnity Agreement. The First
Indemnity Agreement required a deposit of funds to satisfy any
claim; it was the Second Indemnity Agreement that required a
deposit as soon as Hanover determined that liability existed under
any bond.

Since the language of the Indemnity Agreements unambiguously
required LDR to deposit current funds in amount sufficient to
satisfy any claim, and noted that collateral might be required for
certain bonds, when LDR posted the Original Irrevocable Letter of
Credit (ILOC) it secured LDR's indemnity obligation under both the
First and Second Customs Bonds.

The court concludes that the language of the documents is
unambiguous. The Original ILOC and its subsequent replacement
letters of credit secure LDR's obligation to Hanover under the
First Customs Bond. Therefore, LDR's motion for summary judgment is
denied, and Hanover's motion for summary judgment is granted.

A copy of the Court's Memorandum Opinion dated Nov. 8, 2018 is
available at https://bit.ly/2Q7V6mT from Leagle.com.

LDR Industries, LLC, Plaintiff, represented by Stephen T. Bobo --
sbobo@reedsmith.com -- Reed Smith LLP & Caitlin O. Young --
cyoung@reedsmith.com -- Reed Smith LLP.

The Hanover Insurance Company, Defendant, represented by Grace W.
Cranley -- grace.canley@dinsmore.com -- Dinsmore Shohl LLP, Krysta
K. Gumbiner -- krysta.gumbiner@dinsmore.com -- Dinsmore & Shohl LLP
& Michael J. Weber -- michael.weber@dinsmore.com -- Dinsmore &
Shohl, LLP.

                   About LDR Industries

For over 75 years, Chicago-based LDR Industries and its predecessor
companies have engaged in the distribution of plumbing products to
the home improvement industry, including faucets, showers, sinks,
toilet seats and variety of other specialty lines such as lead-free
valves.

LDR Industries, LLC, sought Chapter 11 protection (Bankr. N.D. Ill.
Case No. 14-32138) in Chicago, Illinois on Sept. 2, 2014, with
plans to sell the business following a dispute with the U.S.
Customs.

The bankruptcy case is assigned to Honorable Judge Pamela S.
Hollis.  The Debtor is represented by attorneys at Reed Smith LLP.

The Debtor disclosed $27,538,561 in assets and $29,751,647 in
liabilities as of the Chapter 11 filing.


LONGFIN CORP: Ceases Operations, To Liquidate All Assets
--------------------------------------------------------
Following the unsuccessful efforts of Longfin Corp. to restructure
outstanding debt and to otherwise satisfy creditor obligations that
would enable the Company to continue operations, the Company's
Board of Directors determined it was in the best interests of the
Company's stockholders, creditors and other interested parties to
cease operations and to provide for an orderly liquidation of its
assets by entering into an irrevocable Assignment for the Benefit
of Creditors.  The Assignment is a common law business liquidation
mechanism under New Jersey law that is an alternative to a formal
bankruptcy proceeding.

On Nov. 14, 2018, the Company entered into the Assignment which was
filed on Nov. 19, 2018 with the Monmouth County Clerk, Freehold NJ,
on behalf of the Company.  At the time of filing, the Company's
liabilities exceeded its assets and its current cash flow was
insufficient to meet the obligations of the Company and its
subsidiaries.

Anthony Sodono, III, Esquire, with an address of 75 Livingston
Avenue, Roseland, New Jersey 07068 has been designated Assignee and
will serve in a fiduciary capacity in connection with the
Assignment effective immediately.

Under the terms of the Assignment, the Company transferred to the
Assignee, in trust for the benefit of each of the Company's
creditors, all property, including but not limited to the Company's
assets, accounts receivable, lists of creditors, books and records,
etc.  The Assignee has the full power and authority to dispose of
Company property, sue for and recover in his own name everything
belonging to the Company, compromise and settle all claims,
disputes and litigations of, and review and transfers of the
Company's property.  The Assignee will pay and discharge all the
debts and liabilities to the extent the funds are available after
payment of administrative expenses, costs, and disbursements.
Given the amount of the Company's liabilities, the Company does not
anticipate any distributions for its stockholders from its
remaining assets.

In connection with the Assignment, all of the employees of the
Company were terminated.

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

                     https://is.gd/aasgoy

                         About Longfin

Longfin Corp (LFIN) is a New York-based is a finance and technology
company ("FINTECH") that specializes in structured trade finance
(Alternative Finance) solutions and physical commodities finance
(Shadow Banking) solutions.  On June 19, 2017, Longfin acquired
100% of the global trade finance technology solution provider,
Longfin Tradex Pte. Ltd. - a Singapore incorporated related party
entity and post-acquisition Longfin Tradex has become a subsidiary
of Longfin.  Longfin and its subsidiary Longfin Tradex believe
their business operations do not involve in any activities relating
to securities, as defined in Section 2(a)(1) of the Securities Act.
Longfin has no interest in becoming a market maker to effect
trading in securities requiring registration under the Exchange
Act.

For the period from Feb. 1, 2017 (inception) through Dec. 31, 2017,
Longfin incurred a net loss of $26.36 million.  As at June 30,
2018, Longfin had $172.79 million in total assets, $44.91 million
in total liabilities and $127.88 million in total equity.

The report from the Company's independent accounting firm
CohnReznick LLP, in Roseland, New Jersey, on the consolidated
financial statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the Company has limited
operating history and the continuation of the Company as a going
concern is dependent upon the ability of the Company to obtain
financing and the attainment of profitable operations.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.

The Securities and Exchange Commission had obtained a court order
freezing more than $27 million in trading proceeds from allegedly
illegal distributions and sales of restricted shares of Longfin
Corp. stock involving the Company, its CEO, and three other
affiliated individuals.  A federal judge in Manhattan unsealed the
SEC's complaint on April 6, 2018.  

                           SEC Litigation

At the beginning of April 2018, the SEC filed an action, entitled
Securities and Exchange Commission v. Longfin Corp., et al., 18
Civ. 2977 (DLC) before the Federal District Court for the Southern
District of New York.  The Company and its CEO, Venkata Meenavalli
are named as defendants, as are three of the Company's stockholders
who made certain sales of Class A Common Stock.  The SEC's
complaint alleges that the defendants violated Section 5 of the
Securities Act by either distributing or participating in the
distribution of the Company's securities to the public in
unregistered transactions.  In connection with the Litigation, the
SEC moved for a temporary restraining order and asset freeze
relating to the assets of the three defendants who were
stockholders who made certain sales of Class A Common Stock.  By
order dated April 23, 2018, the Disctrict Court vacated the
temporary restraining order and asset freeze with respect to the
Company and Mr. Meenavalli.  By order dated May 1, 2018, the Court
granted the SEC's request for a preliminary injunction regarding
the assets of the other three defendants.  On May 11, 2018, the
Company and Mr. Meenavalli filed a motion to dismiss the SEC's
complaint for failure to state a claim upon which relief can be
granted, and the three other defendants answered the complaint and
denied the allegations of wrongdoing against them.  On May 29,
2018, the SEC filed a first amended complaint, which the Company
and Mr. Meenavalli answered on June 8, 2018.  The SEC Litigation
has now entered the discovery phase.  The Company is unable at this
time to express any opinion as to the outcome of this matter or any
potential remedies that may be sought against the Company or Mr.
Meenavalli at this early stage of the proceedings.


LUNDIN MINING: Moody's Withdraws Ba2 CFR on Debt Repayment
----------------------------------------------------------
Moody's Investors Service is withdrawing the credit ratings of
Lundin Mining Corporation, including its Ba2 Corporate Family
Rating and stable outlook following the redemption of its 7.875%
Senior Secured Notes due 2022, which has resulted in the company
repaying all its rated debt.

RATINGS LIST

Issuer: Lundin Mining Corporation

Withdrawals:

Corporate Family Rating, Withdrawn , previously rated Ba2

Probability of Default Rating, Withdrawn , previously rated Ba2-PD


Speculative Grade Liquidity Rating, Withdrawn , previously rated
SGL-1

Outlook Actions:

Outlook, Withdrawn From Stable

RATINGS RATIONALE

Headquartered in Toronto, Ontario, Lundin Mining Corporation is a
diversified base metals mining company with operations in Portugal,
Sweden, Chile and the USA, producing copper, zinc, lead and nickel.
For fiscal year 2017 revenues were US$2.1 billion.


MARQUE MOTOR: Taps CliftonLarsonAllen as Accountant
---------------------------------------------------
Marque Motor Coach LLC seeks approval from the U.S. Bankruptcy
Court for the District of Nevada to hire CliftonLarsonAllen, LLP as
its accountant.

The services to be provided by the firm include the preparation of
tax returns, assisting the Debtor during Internal Revenue Service
examinations, and bookkeeping services.

Clifton will charge these hourly fees:

     John Amundson     $400
     Associate         $200

John Amundson, a certified public accountant employed with Clifton,
disclosed in a court filing that the firm and its partners and
associates are "disinterested" as defined in section 101(14) of the
Bankruptcy Code.

Clifton can be reached through:

     John D. Amundson
     CliftonLarsonAllen, LLP
     10191 Park Run Drive, Suite 200
     Las Vegas, NV 89145
     Tel: 702-259-6222
     Fax: 702-259-0842

                   About Marque Motor Coach LLC

Based in Las Vegas, Nevada, Marque Motor Coach, LLC is a
privately-held tour operator.

Marque Motor Coach sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 18-16355) on October 24,
2018.  At the time of the filing, the Debtor disclosed that it had
estimated assets of $10 million to $50 million and liabilities of
$10 million to $50 million.  

The Debtor tapped Cohen Johnson Parker Edwards and The Barnabi Law
Firm, PLLC as its legal counsel.


MARQUE MOTOR: Taps Cohen Johnson, Barnabi as Legal Counsel
----------------------------------------------------------
Marque Motor Coach LLC seeks approval from the U.S. Bankruptcy
Court for the District of Nevada to hire Cohen Johnson Parker
Edwards and The Barnabi Law Firm, PLLC as its legal counsel.

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

Both firms charge these hourly fees:

     Partners            $450
     Attorneys           $300
     Paralegal Staff     $180

Cohen Johnson and Barnabi Law Firm are "disinterested" as defined
in section 101(14) of the Bankruptcy Code, according to court
filings.

Cohen Johnson can be reached through:

     Stan H. Johnson, Esq.
     Cohen Johnson Parker Edwards
     375 E. Warm Springs Road, Suite 104
     Las Vegas, NV 89119
     Tel: (702) 823-3500
     Fax: (702) 823-3400
     Email: sjohnson@cohenjohnson.com
     Email: calendar@cohenjohnson.com

Barnabi Law Firm can be reached through:

     Charles E. Barnabi Jr., Esq.
     The Barnabi Law Firm, PLLC
     375 East Warm Springs Road, Suite 104
     Las Vegas, NV 89119
     Tel: (702) 970-6209
     Fax: (702) 966-3718
     Email: cj@barnabilaw.com  

                   About Marque Motor Coach LLC

Based in Las Vegas, Nevada, Marque Motor Coach, LLC is a
privately-held tour operator.

Marque Motor Coach sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 18-16355) on October 24,
2018.  At the time of the filing, the Debtor disclosed that it had
estimated assets of $10 million to $50 million and liabilities of
$10 million to $50 million.  

The Debtor tapped Cohen Johnson Parker Edwards and The Barnabi Law
Firm, PLLC as its legal counsel.


MCDERMOTT INTERNATIONAL: Bank Debt Trades at 4% Off
---------------------------------------------------
Participations in a syndicated loan under which McDermott
International Incorporated is a borrower traded in the secondary
market at 95.96 cents-on-the-dollar during the week ended Friday,
November 16, 2018, according to data compiled by LSTA/Thomson
Reuters MTM Pricing. This represents a decrease of 2.74 percentage
points from the previous week. McDermott International pays 500
basis points above LIBOR to borrow under the $2.26 billion
facility. The bank loan matures on March 28, 2025. Moody's rates
the loan 'Ba3' and Standard & Poor's gave a 'BB-' rating to the
loan. The loan is one of the biggest gainers and losers among 247
widely quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday, November 16.


MCGRAW-HILL GLOBAL: Bank Debt Trades at 7% Off
----------------------------------------------
Participations in a syndicated loan under which McGraw-Hill Global
Education Holdings LLC is a borrower traded in the secondary market
at 93.50 cents-on-the-dollar during the week ended Friday, November
16, 2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.06 percentage points from
the previous week. McGraw-Hill Global pays 400 basis points above
LIBOR to borrow under the $1.575 billion facility. The bank loan
matures on May 2, 2022. Moody's rates the loan 'B1' and Standard &
Poor's gave a 'B+' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, November 16.


MD AMERICA: S&P Rates New $200MM Sr. Term Loan Due 2023 'B-'
------------------------------------------------------------
U.S.-based oil and gas exploration and production (E&P) company MD
America Energy LLC (MDAE) announced the issuance of a new $200
million senior secured term loan due in 2023 to fund capital
spending and a dividend distribution to China-based parent Meidu
Energy Corp.

S&P said, "We affirmed our 'B-' issuer credit rating on MD America.
We assigned our 'B-' issue-level rating and recovery rating of '3'
to the company's new term loan.

"The outlook is stable, reflecting our expectation that the company
will maintain adequate liquidity and funds from operations (FFO) to
debt of 35%-45% over the next two years, while increasing
production and reserves."

The ratings continue to reflect MDAE's participation in the
capital-intensive and very cyclical oil and gas E&P industry, the
very small size and scale of reserves and production, and the high
proportion of proved undeveloped reserves (about 62% of total
reserves at midyear 2018), which will require significant
investments to develop. The ratings also reflect our expectation
that MDAE will outspend cash flow over the next couple of years,
and that operating cash flow could be highly volatile due to the
company's small scale and high asset concentration. These factors
are partially offset by the high content of oil and liquids in MD
America's production, which we view favorably compared with natural
gas, and its exposure to Louisiana Light Sweet (LLS) crude, which
trades at a premium to West Texas Intermediate (WTI) crude.
Proceeds from the new term loan will primarily fund MDAE's drilling
program, which the company renewed in February this year after a
two-year halt during the industry downturn, and a $50 million
distribution to parent Meidu.

S&P said, "The stable outlook reflects our expectation that MDAE
will maintain adequate liquidity and FFO to debt of 35%-45% over
the next two years, while expanding its reserve and production
base.

"We could lower the rating if FFO to debt fell below 20% for a
sustained period. Such a scenario would be most likely due to
debt-financed acquisitions, weaker-than-expected commodity prices,
or higher-than-expected capital spending.  

"We consider an upgrade unlikely over the next 12 months given the
company's limited size and scale. However, we could raise the
rating if the company significantly increased its scale, while
maintaining FFO to debt above 30% and adequate liquidity."


MGM GROWTH: Fitch Assigns BB+ Corp. Family Rating, Outlook Stable
-----------------------------------------------------------------
Fitch Ratings has assigned first-time 'BB+' Issuer Default Ratings
(IDR) to MGM Growth Properties LLC and MGM Growth Properties
Operating Partnership LP (collectively, MGP). Fitch also assigned
ratings of 'BBB-'/'RR1' to MGP's senior secured credit facility and
'BB+'/'RR4' to MGP's senior unsecured notes. The Rating Outlook is
Stable.

The 'BB+' IDR reflects MGP's stable cash flows, high quality assets
and conservative financial policy. The IDR is partially constrained
by MGP's weaker contingent liquidity relative to the more
traditional REITs and its tenant concentration. MGP's rating
linkage with MGM Resorts International (MGM; BB/Stable) is deemed
weak-to-moderate by Fitch and, therefore, it is unlikely that MGP's
IDR would be more than two notches higher than MGM's.

KEY RATING DRIVERS

Strong Cash Flow Stability: MGP generates 100% of its rent revenue
under a master lease with MGM. The master lease has a long initial
term and is 90% fixed with 2% escalators, providing stability and
visibility to MGP's cash flows. Roughly half of the rent is
generated by assets on the more cyclical Las Vegas Strip, but MGP's
regional assets are diversified and help insulate the company from
individual market-level underperformance.

Fitch believes that MGM's rent coverage of its master lease, about
2.0x and closer to 3.5x when taking into account MGM's assets not
owned by MGP, would remain manageable through an economic downturn.
In a moderate recessionary scenario (40% and 20% EBITDAR stress on
Las Vegas Strip and regional properties, respectively), Fitch
estimates that MGM's leased assets would continue to cover master
lease payments by roughly 1.4x, though MGM's credit profile could
be stressed. When including MGM's assets that are not subject to
the master lease, consolidated coverage in a recessionary scenario
would be stronger and closer to 2.0x.

U.S. bankruptcy courts have repeatedly upheld the unitary,
indivisible nature of well-structured master leases. MGP's master
lease structure, given its significance to MGM's operations (about
two-thirds of MGM's wholly-owned EBITDAR), should protect its cash
flow stream and protect against adverse lease selection in a
bankruptcy scenario of MGM.

Although not anticipated, Fitch views rent concessions as a greater
cash flow risk for triple-net lease REITs with master leases,
rather than tenant rejections in bankruptcy. There are several
examples of triple-net lease U.S. equity REITs selectively granting
concessions to struggling tenants, including reducing rents and
releasing underperforming properties from the master lease pool.
These examples generally have idiosyncratic circumstances,
including regulatory changes and corporate governance concerns that
do not necessarily apply to a gaming REIT.

MGM's controlling ownership stake in MGP is a concern as it relates
to potential rent resets in a stress scenario; however, Fitch
believes MGP has adequate corporate governance policies in place to
address potential conflicts of interest. MGP's independent
conflicts committee would be required to approve any rent resets.
MGM's meaningful economic interest in MGP (both from an equity
value and cash flow distributions perspective) give Fitch added
comfort that negotiating a rent reset would not be the most
advantageous or easiest lever to pull.

Tenant Concentration: MGM is MGP's sole tenant, but this tenant
concentration is partially offset by the diversification of assets
within the lease (roughly 50% Las Vegas and 50% regional), the high
quality assets, the mission-critical nature of the master lease to
the tenant and the healthy rent coverage. Pro forma for recent
acquisitions and new opening ramp ups, MGM's leased asset rent
coverage is about 2.0x, but MGM's consolidated coverage of its rent
is closer to 3.5x when taking into account the substantial assets
MGM owns that are not part of the lease, as MGM provides a
corporate guarantee of the master lease. Fitch views the guarantee
positively but does not factor it heavily into MGP's ratings given
that MGM is lower rated than MGP.

Liability Profile to Improve: MGP does not currently have the
standard liquidity and liability management characteristics of
investment-grade U.S. equity REITs, though this has and is expected
to further improve. MGP recently upsized its revolver to $1.35
billion from $600 million -- sized larger than any single unsecured
maturity. MGP's maturity schedule remains concentrated with 26% and
40% of its total debt maturing in 2024 and 2025, respectively. MGP
also does not currently have an ATM equity issuance program, a
common REIT feature, and has a limited track record with secondary
offerings raising about $400 million in 2017.

Below-Average Contingent Liquidity: MGP's contingent liquidity in
the form of mortgage debt or asset sale is not as robust as that of
the more traditional REIT asset classes. Gaming properties are a
specialty property type that appeals to a smaller universe of
institutional real estate investors and lenders than core
commercial property sectors, such as office, industrial, retail and
multifamily properties. There are examples of gaming companies
accessing debt secured by specific assets in a time of stress. MGM
Resorts International accessed senior bonds backed by specific
assets at the depth of the last recession albeit at a high coupon.
There are examples of gaming assets in CMBS transactions, but Fitch
views the through-the-cycle availability of capital from this
avenue as weaker than secured mortgages from balance sheet lenders,
including life insurance companies and, to a lesser extent, banks.

Notwithstanding, Fitch's ratings assume that gaming REITs could
access secured debt capital if needed to refinance unsecured
maturities during a period of capital markets stress. MGP's
contingent liquidity relative to its unencumbered assets is weaker
than REIT peers', including Gaming and Leisure Properties, Inc.'s
(GLPI; BBB-) as substantially all of MGP's assets secure its credit
facility, while fully unencumbered capital structures are more
common among REITs. There is incremental capacity for secured debt
under MGP's bond covenants per a $2.9 billion secured credit
facility carveout ($2.8 billion outstanding due to recently closed
acquisition) and a 45% of adjusted total assets carveout (roughly
$7 billion estimated, but subject to 2.0x interest coverage test).


Conservative Financial Policy: MGP's net leverage target of
5.0x-5.5x is conservative for its IDR and consistent with other
gaming REITs including GLPI. MGP's ratings have some tolerance for
net leverage to temporarily exceed 5.5x for larger acquisitions.
The company is willing to use cash to partially fund acquisitions
to ensure it remains within its target range, as it did with the
recently closed Hard Rock Rocksino acquisition.

Linkage with MGM Resorts: MGP's ring-fencing and separation
provisions result in weak-to-moderate linkage with MGM, which Fitch
considers a weaker parent. The one-notch higher IDR relative to MGM
reflects MGP's standalone credit profile as a gaming REIT. MGP is
roughly 75% owned (pro forma for Empire City acquisition) and
effectively controlled by MGM through its class B ownership.
However, a measure of separation is warranted by MGP's restricted
payment covenants (capped at 95% of cumulative FFO per the bond
indenture) and a conflicts committee that must approve all
transactions with related parties over $25 million. These
provisions result in a degree of separation between the IDRs of MGM
and MGP.

DERIVATION SUMMARY

MGP's credit profile is slightly weaker than gaming REIT peer GLPI
(BBB-). Gaming REITs in general are viewed as having below-average
contingent liquidity, but MGP's is weaker than GLPI's as
substantially all of MGP's assets secure its credit facility, where
GLPI has a fully unsecured capital structure. MGP's liquidity
profile is also weaker than GLPI's as it does not currently have
the standard liquidity and liability management characteristics of
other investment-grade U.S. equity REITs, though this is expected
to improve over the medium term. MGP and GLPI both have tenant
concentration concerns. MGP derives 100% of its rent from one
tenant and its rent is roughly 50% exposed to the more cyclical Las
Vegas Strip, but its properties are higher quality and tenant rent
coverage is generally stronger. GLPI has a few master leases, but
79% of total rent is derived from a single tenant (Penn National
Gaming). GLPI's properties are mostly regional casinos and overall
tenant rent coverage is closer to 1.8x-1.9x.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer

  -- Dividend payout at 80% of available funds from operations with
remaining cash paying down debt; Fitch expects that MGP will manage
net leverage within their 5.0x-5.5x range, potentially increasing
leverage above this range temporarily to fund a merger. However,
given the uncertainty over potential acquisitions (ex. MGP's right
of first offer on MGM Springfield), none are modeled in the
forecast beyond those currently contemplated;

  -- Acquisition of Empire City and Hard Rock Rocksino assets
funded with mix of debt, equity and sale proceeds from selling the
Rocksino operations to MGM Resorts;

  -- Annual 2% base rent escalators through the forecast period.
$110 million in aggregate rent from Empire City and Hard Rock
Rocksino;

  -- General and administrative expense of around $15 million;

  -- Marginal TRS EBITDA contribution during 2018-2019 time frame
due to timing differences from purchasing the Rocksino asset (2018)
and selling the operations to MGM (2019).

RATING SENSITIVITIES

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

  -- Diversification of the tenant base;

  -- An improvement in MGP's liquidity through moving toward a more
unsecured capital structure, increasing available liquidity via
revolver or cash on hand, and greater staggering of the maturity
schedule;

-- Greater track record by gaming REITs, and MGP specifically, of
accessing the capital markets including the equity markets and
possibly an implementation of an ATM program by MGP;

-- A financial policy with a net leverage target of less than 5x
may offset the lack of progress with respect to the sensitivities;


  -- Any positive rating pressure would be weighed against the
considerations relating to MGM's credit profile and Fitch's view on
the linkage between MGM and MGP. Generally, Fitch does not rate a
subsidiary more than two notches above the parent's IDR.

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

  -- Net leverage sustaining above 5.5x. Fitch has tolerance for
net leverage to exceed 5.5x for larger acquisitions provided MGP
deleverages below 5.5x within 12-24 months;

  -- A downgrade of MGM's IDR may place negative rating pressure on
MGP. Generally, Fitch does not rate a subsidiary more than two
notches above the parent's IDR.

LIQUIDITY

Good Liquidity, Lumpy Maturities: MGP has $50 million of cash and
$785 million available under its $1.35 billion secured revolving
credit facility that matures in June 2023. There are no near-term
meaningful maturities outside scheduled amortization; however, 2024
and 2025 have roughly $1.0 billion and $1.7 billion of maturities,
respectively. The recently upsized revolver, from $600 million
previously, is a positive as it is greater than MGP's largest
unsecured maturity of $1.05 billion in 2024. Fitch would favorably
view MGP continuing to transition its balance sheet to be more
in-line with traditional REITs, with more staggered debt
maturities.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following ratings:

MGM Growth Properties LLC

  - IDR 'BB+'; Outlook Stable.

MGM Growth Properties Operating Partnership LP

  - IDR 'BB+'; Outlook Stable;

  - Senior secured credit facility 'BBB-'/'RR1';

  - Senior unsecured notes 'BB+'/'RR4'.


MIKE & HENRY: Taps Crane Simon as Legal Counsel
-----------------------------------------------
Mike & Henry, LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of Illinois to hire Crane, Simon, Clar & Dan
as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.

Crane Simon charges these hourly fees:

     Eugene Crane      $510
     Arthur Simon      $510  
     Scott Clar        $510
     Jeffrey Dan       $450
     David Kane        $450
     John Redfield     $400

The firm received a pre-bankruptcy retainer of $21,124 from Henry
Tereszczenko, Jr., member of the Debtor.

Scott Clar, Esq., at Crane Simon, disclosed in a court filing that
he and other attorneys of the firm are "disinterested" as defined
in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Scott R. Clar, Esq.
     Crane, Simon, Clar & Dan
     135 South LaSalle Street, Suite 3705
     Chicago, IL 60603
     Phone: (312) 641-6777
     Email: sclar@cranesimon.com

                      About Mike & Henry LLC

Mike & Henry, LLC owns a real property where H&H Auto, which
provides auto repair service, operates.  The property is located at
17 W. Ogden Avenue, Western Springs, Illinois.  

Mike & Henry sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ill. Case No. 18-30035) on October 25, 2018.  At
the time of the filing, the Debtor disclosed that it had estimated
assets of less than $1 million and liabilities of less than
$500,000.  

The case has been assigned to Judge Carol A. Doyle.  The Debtor
tapped Crane, Simon, Clar & Dan as its legal counsel.


MORRIS AND HADLEY: Seeks Authorization on Cash Collateral Use
-------------------------------------------------------------
Morris and Hadley Inc. requests the U.S. Bankruptcy Court for the
Northern District of Texas for immediate authority to use cash
collateral to fund its day-to-day operations.

Specifically, the Debtor seeks to use cash collateral to the extent
necessary to pay present operating expenses, including payroll,
payroll taxes, employee reimbursement expenses, insurance, rent,
fuel, and other miscellaneous reasonable expenses. The Debtor
additionally seeks to pay vendors to ensure continued supply of
materials essential to the Debtor's continued viability.

The Debtor is indebted to the Internal Revenue Service pursuant to
that certain Federal Tax Lien in the approximate amount of $88,313,
secured by a security interest in and liens on all of the personal
property of the Debtor including all of the Debtor's furniture,
fixtures, equipment, inventory, accounts, leasehold improvements,
and general intangibles whether now owned or later acquired,
wherever located, including all accessories, additions,
replacements, and substitutions, and all records and all proceeds
relating to the foregoing.

The Debtor believes that the interest of Secured Parties are
adequately protected by the fact that they will retain their liens
and the Debtor's projected revenue exceed its expenses by a safe
margin, and therefore, the Debtor is confident that it can
successfully reorganize in a relatively short time.

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

             http://bankrupt.com/misc/txnb18-44350-7.pdf

                   About Morris and Hadley Inc.

Morris and Hadley Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Texas Case No. 18-44350) on Nov. 5,
2018.  The Petition was signed by Steven R Morris, president. At
the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $100,000.  Judge Mark X.
Mullin presides over the case.  The Debtor tapped Acker Warren,
P.C., as its legal counsel.


MULTIFLORA GREENHOUSES: 3rd Interim Cash Collateral Order Entered
-----------------------------------------------------------------
The Hon. Benjamin A. Kahn of the U.S. Bankruptcy Court for the
Middle District of North Carolina has entered a third interim order
authorizing Multiflora Greenhouses, Inc.'s use of cash collateral
until January 31, 2019 at 11:00 a.m.

A further hearing (which may be a final hearing) on the Cash
Collateral Motion will be held on January 24, 2019 at 11:00 a.m.

The approved budget provides total expenses of approximately
$130,650 for the month of November 2018, $131,225 for December
2018, and 136,825 for the month of January 2018.

Multiflora may use cash collateral to pay its ordinary, necessary
and reasonable post-petition operating expenses and administrative
expenses necessary for the administration of this estate, including
Multiflora's reasonable attorneys' fees as approved by the Court
and quarterly fees. Multiflora will also pay all state, federal and
ad valorem taxes as they become due and will make all tax deposits
and file all state and federal returns on a timely basis.

Multiflora and Carolina Farm Credit ACA ("CFC") are parties to: (i)
that certain Loan Agreement; (ii) that certain Promissory Note
issued by Multiflora in favor of CFC in the original principal
amount of $750,000; and (iii) that certain Security Agreement
purporting to grant CFC a first priority lien and security interest
in all of the Multiflora's personal property, including but not
limited to Multiflora's accounts and inventory.

To the extent Multiflora expends cash collateral pursuant to the
terms of the Third Interim Order, CFC will have and is granted a
continuing post-petition lien in the same categories of property of
the estate and in the same priority in which CFC held a similar,
unavoidable lien in property of Multiflora as of the Petition Date,
and the proceeds thereof, whether acquired by Debtor pre-petition
or post-petition, but only to the extent of cash collateral used.
The validity, enforceability, and perfection of the aforesaid
post-petition liens on the Post-petition Collateral will not depend
upon filing, recordation, or any other act required under
applicable state or federal law, rule, or regulation.

Multiflora will pay as adequate protection to CFC the sum of $7,500
per month. Adequate protection payments will be made on or before
the 10th of each month for the payment of adequate protection for
the preceding month.

The Debtors will maintain separate Debtor-in-Possession bank
accounts for Multiflora Greenhouses, Inc. and Austram LLC into
which they will deposit all income. All income and expenses for
each respective company will be paid from that company's respective
DIP Account.

Multiflora will provide to the Bankruptcy Administrator and
representatives and/or employees of CFC all such information as
they may reasonably request for the purpose of appraising or
evaluating the collateral of Multiflora.

A full-text copy of the Third Interim Order is available at
  
            http://bankrupt.com/misc/ncmb18-80691-104.pdf

                   About Multiflora Greenhouses
                         and Austram LLC

Multiflora Greenhouses, Inc. --
http://www.multifloragreenhouses.com/-- is a greenhouse grower and
wholesaler based in Hillsborough, North Carolina.  It grows and
distributes hundreds of plant varieties as well as offers other
products and services.  Austram, LLC, manufactures clay products
and refractories.

Multiflora and Austram sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D.N.C. Case Nos. 18-80691 and 18-80693)
on Sept. 24, 2018.

In the petitions signed by Richard Mason, president, Multiflora
estimated assets of $1 million to $10 million and liabilities of $1
million to $10 million.  Austram disclosed less than $50,000 in
assets and liabilities.

Judge Benjamin A. Kahn presides over the cases.  

The Debtors tapped Parry Tyndall White as its legal counsel.

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


MYSTERY ROOM: Taps Robl Law Group as Legal Counsel
--------------------------------------------------
Mystery Room, LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of Georgia to hire Robl Law Group, LLC as its
legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.

Robl Law Group charges these hourly fees:

     Partners                         $375
     Associates/Of Counsel     $200 - $250  
     Paralegals                       $150

Michael Robl, Esq., the attorney expected to handle the case,
charges an hourly fee of $375.  Lelena Kassa, the firm's paralegal,
charges $150 per hour.

The firm received a pre-bankruptcy retainer of $20,000.

Mr. Robl disclosed in a court filing that his firm is
"disinterested" as defined in section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Michael D. Robl, Esq.
     Robl Law Group, LLC
     3754 Lavista Road, Suite 250
     Tucker, GA 30084
     Phone: (404) 373-5153
     Fax: (404) 537-1761
     Email: michael@roblgroup.com

                      About Mystery Room LLC

Mystery Room, LLC is the creator of the Mystery Room, a
strategy-based room escape game.  Mystery Room is an interactive,
immersive problem-solving or mystery attraction wherein
participants are locked in a room and have 45 minutes to complete a
puzzle or escape.  It can be found in 48 malls across the United
States.

Mystery Room sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ga. Case No. 18-69404) on November 16, 2018.  In
the petition signed by John Reichel Jr., manager, the Debtor
disclosed $424,861 in assets and $1,635,174 in liabilities.  

The Debtor tapped Robl Law Group, LLC as its legal counsel.


N&A PRODUCE: Taps Alla Kachan as Legal Counsel
----------------------------------------------
N&A Produce & Grocery, Corp. seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire the
Law Offices of Alla Kachan, P.C. as its legal counsel.

The firm will assist the Debtor in administering its Chapter 11
case; negotiate with its creditors in formulating a plan of
reorganization; prosecute adversary proceedings to collect assets
of the bankruptcy estate; and provide other legal services related
to the case.

The firm will charge these hourly fees:

     Attorney                   $375
     Clerk/Paraprofessional     $175

The Debtor paid the firm an initial retainer of $15,000.

Alla Kachan, Esq., disclosed in a court filing that his firm is
"disinterested" as defined in section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Alla Kachan, Esq.
     Law Offices of Alla Kachan, P.C.
     3099 Coney Island Avenue
     Brooklyn, NY 11235
     Tel: (718) 513-3145
     Fax: (347) 342-2156
     Email: alla@kachanlaw.com

                 About N&A Produce & Grocery Corp.

N&A Produce & Grocery, Corp. operates a grocery store in Bronx, New
York.  

N&A Produce & Grocery sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. N.Y. Case No. 18-13336) on November 1,
2018.  At the time of the filing, the Debtor disclosed $555,300 in
assets and $2,346,000 in liabilities.  

The case has been assigned to Judge James L. Garrity Jr.  The
Debtor tapped the Law Offices of Alla Kachan, P.C. as its legal
counsel.


NEIMAN MARCUS: Bank Debt Trades at 9% Off
-----------------------------------------
Participations in a syndicated loan under which Neiman Marcus Group
Incorporated is a borrower traded in the secondary market at 91.35
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.06 percentage points from
the previous week. Neiman Marcus pays 325 basis points above LIBOR
to borrow under the $2.942 billion facility. The bank loan matures
on October 25, 2020. Moody's rates the loan 'Caa2' and Standard &
Poor's gave a 'CCC-' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, November 16.




NORTHSTAR OFFSHORE: Loses Summary Ruling Bid vs M&M Lien Claimants
------------------------------------------------------------------
In the case captioned NORTHSTAR OFFSHORE GROUP, LLC, Plaintiff(s),
v. A&B VALVE AND PIPING SYSTEMS, LLC, et al, Defendant(s),
Adversary No. 17-03406 (Bankr. S.D. Tex.), Bankruptcy Judge Marvin
Isgur denied Northstar's motion for summary judgment and granted in
part and denied in part the Defendants' motion for summary
judgment.

Northstar Offshore Group, LLC, filed an adversary proceeding
against 26 named defendants in order to determine the extent,
validity, and priority of materialmen's and mechanic's liens ("M&M
Liens") asserted for work performed on 13 of Northstar's oil and
gas producing assets. After Northstar filed its complaint on Sept.
27, 2017, several of the parties reached settlement agreements with
Northstar and were dismissed from this adversary proceeding.
However, 5 parties did not settle and dispute Northstar's treatment
of their M&M Liens: Costal Crewboats, Inc.; Diverse Scaffold
Solutions, LLC; Stallion Offshore Quarters, Inc.; Wood Group PSN,
Inc.; and National Oilwell Varco, LP.

Northstar argues that these M&M Lien Claimants do not qualify as
Senior Statutory Liens as defined in its Sale Order because they
are junior to existing liens on the properties, the properties at
issue had negative values as of the petition date rendering the M&M
liens unsecured deficiency claims, and the M&M Liens are invalid or
unenforceable. The M&M Lien Claimants argue that they hold valid,
perfected liens and a fact question exists regarding the valuation
of the oil and gas leases which should be determined at trial.
Northstar and the Defendants both filed cross-motions for summary
judgment.

The primary issue at the center of this dispute involves the
valuation of the oil and gas leases on which the Defendants claim
their M&M liens. Northstar asserts that each of these leases had a
negative valuation due to P&A liabilities as of December 2, 2016,
when Northstar filed its voluntary petition. In turn, there was no
value for the M&M Lien Claimant's purported liens to attach,
leaving them with unsecured claims rather than secured liens. The
lien claimants dispute this treatment, arguing that the appropriate
valuation for these leases should take into account the Sale Order,
which shifted the P&A Liability onto the buyer who has assumed
Northstar's obligations. This broad dispute was subsequently
narrowed to two specific issues for summary judgment:

i. Whether the terms of the Sale Order which state, the Allocated
Value of the Assets have no preclusive effect in any proceeding to
determine whether a lien is a Senior Statutory Lien prevent the
Court from considering those values on summary judgment; and

ii. Whether the definition of a Senior Statutory Lien which
utilizes the language as of the petition date in the DIP Order
includes the time period before or after Northstar filed its
voluntary petition.

Northstar concedes and case law supports the idea that preclusive
effect and evidentiary weight are separate and distinct
considerations a court may independently consider. Despite its
concession, Northstar claims that only one of the leases in
question, South Pass 86, received a positive valuation in Schedule
2.2. Northstar claims that this supports awarding summary judgment
regarding the evidentiary weight of the Allocated Values to the
balance of the oil and gas leases. However, two additional
properties at issue, High Island 443 and High Island 571, had
positive Allocated Values according to Schedule 2.2. As a result,
the M&M Lien Claimants have raised a genuine issue of fact
regarding three oil and gas leases and Northstar's motion for
summary judgment is denied regarding: South Pass 86, High Island
443 and High Island 571.

In its summary judgment motion, the M&M Lien Claimants allege they
hold properly perfected liens which trace back to the time when the
materials and labor were provided, and their liens are senior in
priority to First and Second Liens asserted by First National Bank
of Central Texas and U.S. Bank National Association. The M&M Lien
Claimants argue that the First and Second Liens only attach to
"legacy assets" which do not include the oil and gas properties at
issue here. They further allege that the relevant mortgages were
perfected after the M&M Lien Claimants had perfected their liens in
accordance with state law. This, in turn, entitles them to priority
over the First and Second Lienholders.

Despite this assertion, the M&M Lien Claimants neither present
evidence nor quote the specific terms of the purported after
acquired property clauses in the First and Second Liens. Thus,
their motion for summary judgment regarding priority of their liens
is denied.

The M&M Lien Claimants also argue that they are owed specific
amounts for labor and material provided to Northstar based on lien
affidavits they have provided. Northstar concedes that these
materials and labor were provided in the requested amounts.
Accordingly, the Court awards the M&M Lien Claimants partial
summary judgment regarding the amounts owed (but not as to whether
the amounts are secured) with respect to work performed on the
following properties:

M&M Lien Claimant Property Amount Owed Coastal West Cameron 20
$24,343.00 DSS High Island 571 $10,157.64 Stallion High Island 571
$5,460.00 Stallion High Island 571 $4,216.00 Wood Group High Island
443 $11,884.75 Wood Group South Pass 86 $68,089.93 Wood Group West
Cameron 20 $60,411.86.

A copy of the Court's Memorandum Opinion dated Nov. 5, 2018 is
available at https://bit.ly/2PL8aPE from Leagle.com.

Northstar Offshore Group, LLC, Plaintiff, represented by Robert L.
Green -- rlgreen@winston.com -- Winston Strawn LLP, Carrie V.
Hardman  -- cvhardman@winston.com -- Winston Strawn LLP & Katherine
A. Preston -- kapreston@winston.com -- Winston Strawn.

Acadiana Coating & Supply, Inc., Defendant, pro se.

All Coast, LLC, Defendant, pro se.

Alliance Energy Services, LLC, Defendant, pro se.

Alliance Offshore, LLC, Defendant, pro se.

Aries Marine Corporation, Defendant, pro se.

Ark*La*Tex Wireline Services, LLC, Defendant, pro se.

Benton Energy Services Co. d/b/a Besco Tubular, Defendant,
represented by Christopher H. Riviere , Attorney at Law.

Coastal Crewboats, Inc., Diverse Scaffold Solutions, LLC, Stallion
Offshore Quarters, Inc. & Wood Group PSN, Inc., Defendants,
represented by Kim Ellen Lewinski, Dore Law Group.

             About Northstar Offshore Group

Northstar Offshore Group, LLC, is an independent oil and gas
exploration and production company that focuses on acquisition and
recompletion, development drilling, and low-risk exploration in
the
waters of the Gulf of Mexico.

Three creditors filed an involuntary Chapter 11 petition against
Northstar Offshore Group on Aug. 12, 2016.  The petitioning
creditors are Montco Oilfield Contractors, LLC, Alliance Offshore,
LLC, and Alliance Energy Services, LLC.  The creditors are
represented by DLA Piper (US) LLP.

On Dec. 2, 2016, the Debtor agreed to convert the involuntary case
to a voluntary case by filing a voluntary Chapter 11 petition
(Bankr. S.D. Tex. Case No. 16-34028).  Lydia T. Protopapas, Esq.,
at Winston & Strawn LLP serves as the Debtor's legal counsel.

On Dec. 19, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee hired
DLA
Piper LLP as legal counsel, and FTI Consulting, Inc., as financial
advisor.


NOVA TERRA: Unsecureds to Get 5% over 60 Months
-----------------------------------------------
Nova Terra, Inc. filed with the U.S. Bankruptcy Court for the
District of Puerto Rico an amended disclosure statement, dated
November 9, 2018, containing Ch. 11 plan of reorganization.

Under the plan, general unsecured creditors are classified in Class
3, and will receive a distribution of 5% of their allowed claims,
to be paid within 60 months. Payments will commence on the
effective date, which will be 45 days after entry of order of the
confirmation of the plan.

Meanwhile, secured creditors are classified under Class 2. Banco
Popular De Puerto Rico's (BPPR) secured claim for property &
equipment is in the allowed secured amount of $431,995.67 for a
total claim amount of $431,995.67. BPPR will receive a fixed
monthly payment $4,000.00 plus 50% of the net inflows and outflows
after all plan payments, as per agreement with BPPR on October
2018. The payments will begin 45 days after the confirmation of the
plan. The payments end on Month 60 of the plan.

Another secured creditor is the Internal Revenue Service (IRS)
whose claims are secured by the Debtor's property & equipment, in
the allowed secured amount of $163,414.55 for a total claim amount
of $$163,414.55. IRS will receive a monthly payment $4,788.00,
which includes a 3.50% of cost of living allowance. The payments
will begin 45 days after the confirmation of the plan. The payments
end on Month 36 of the plan.

The Debtor is represented by:

     Ruben Gonzalez Marrero, Esq.
     RUBEN GONZALEZ MARRERO
     Urb. Santa Rosa
     BAYAMON, P.R. 00959-8915
     Tel.: (787) 798-8600
     Email: rgm@microjuris.com;
            rgmattorney1@hotmail.com

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

      http://bankrupt.com/misc/prb17-01968-126.pdf

                   About Nova Terra Inc.

Based in Arecibo, Puerto Rico, Nova Terra, Inc., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No.
17-01968) on March 23, 2017.  Nova Terra operates an electronic
equipment recycling business.  The case is assigned to Judge Edward
A. Godoy.  Ruben Gonzalez Marrero, Esq., at Ruben Gonzalez Marrero
& Associates, serves as the Debtor's legal counsel.


OVERSEAS SHIPHOLDING: S&P Affirms 'B-' ICR & Alters Outlook to Neg.
-------------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on
Tampa-based Overseas Shipholding Group Inc. and revised the outlook
to negative from developing.

S&P said, "At the same time, we affirmed our 'B+' issue-level
ratings on the company's ABL revolver due February 2019 and secured
term loan due August 2019. The '1' recovery ratings are unchanged,
indicating our expectation for very high recovery (90%-100%;
rounded estimate: 95%) in the event of a payment default.

"The negative outlook reflects the upcoming maturities of the
company's undrawn $75 million ABL due February 2019 and $353
million term loan due August 2019. Although the company has
publicly stated it has refinancing commitments in place to replace
its existing term loan, we acknowledge there is still a possibility
that the proposed transaction does not close. If the company is
able to successfully refinance its ABL and term loan and extend
their maturities in a timely manner, we would likely revise the
outlook to stable at that time.

"The negative outlook reflects that we could lower the rating over
the next three to six months if the company is unable to refinance
its capital structure.

"We could lower our ratings on OSG over the next three to six
months if the company faces challenges refinancing its upcoming
maturities or if we believe its liquidity position has deteriorated
such that we revise our liquidity assessment to weak. We could also
lower our ratings if we come to believe that the company's
financial obligations are unsustainable long-term even if it has
successfully refinanced its near-term obligations.

"We could revise the outlook to stable if the company refinances
its upcoming maturities in a timely manner, eliminating refinancing
risk and improving its liquidity position."


PEPPERELL MILLS: Judge Signs Fifth Interim Cash Collateral Order
----------------------------------------------------------------
The Hon. Joan N. Feeney of the U.S. Bankruptcy Court for the
District of Massachusetts authorized Pepperell Mills Limited
Partnership's use of cash collateral solely to pay its ordinary and
necessary expenses as set forth on the Budget and subject to the
terms and conditions of the Fifth Interim Order.

Prior to Petition Date, the Debtor and MassDevelopment New Markets
CDE #1, LLC, entered into certain loan arrangements. As of the
Petition Date, the Debtor is liable to Massachusetts Development
Finance Agency, successor by assignment to MassDevelopment New
Markets CDE #1 ("Agency") for prepetition indebtedness an
outstanding total amount of $3,247,744. The claim is secured by a
valid, perfected, and unavoidable first priority security interest
in the collateral and will constitute an allowed secured claim to
the extent provided for under the Bankruptcy Code.

In consideration of and as adequate protection for any diminution
in the value of the Agency's cash and non-cash collateral:

     (a) The Agency is granted a security interest to the extent of
any diminution in the value of Agency's cash and non-cash
collateral in all of the Debtor's post-petition assets.  The
postpetition grant of the security interest will be supplemental
of, and in addition to, the security interest, which the Agency
possesses pursuant to the Loan Documents. Notwithstanding anything
contained in the Second Interim Order, the Post-Petition Collateral
will not include any cause of action or proceeds thereof recovered
pursuant to Chapter 5 of the Bankruptcy Code.

     (b) The Agency will have a claim under Section 503(b) of the
Bankruptcy Code in the amount of any Post-Petition Collateral
Shortfall which will have priority over all other claims pursuant
to Section 507(b) of the Bankruptcy Code, with the sole exception
of quarterly fees due to the U.S. Trustee.

     (c) The Debtor will maintain all necessary insurance, and
obtain such additional insurance in an amount as is appropriate for
the business in which the Debtor is engaged, naming the Agency as
loss payee, additional insured and mortgagee with respect thereto.
The Debtor will provide the Agency with proof of all such coverage,
as well as prompt notification of any change in such coverage which
may occur hereafter.

     (d) The Agency will have the right to inspect the Collateral
and the Mortgaged Property, as well as the Debtor's books and
records during normal business hours.

     (e) The Debtor will maintain the Collateral in good condition
and will not permit waste to occur with respect to the Collateral.

     (f) The Debtor will pay any and all taxes, municipal charges,
or other amounts accruing upon or with respect to the Collateral
from and after the Petition Date if such amount, if unpaid, would
have priority over the Agency's security interest in the Collateral
under applicable law.

     (g) The Debtor will make monthly payments of $7,000 to the
Agency on or before the 15th of each month, with such payments to
be applied against the Claim by the Agency in a manner consistent
with the terms of the Loan Documents and the Bankruptcy Code.

The Debtor's right to use its assets, sell its inventory and use
the Agency's cash and non-cash collateral will terminate upon the
earliest of: (i) November 30, 2018; (ii) the Debtor's failure to
maintain all necessary insurance; and (iii) upon the occurrence of
any of following Termination Event:

     (a) The material breach by the Debtor of any of the terms,
conditions or covenants of the First Interim Order or the Third
Interim Order;

     (b) The filing of an objection to the Agency's Claim or the
filing by the Debtor of a complaint against the Agency concerning
the Pre-Petition Indebtedness in the Bankruptcy Court;

     (c) The appointment of a Trustee for the Debtor pursuant to
Section 1104 of the Bankruptcy Code;    

     (d) The conversion of the Debtor's case to a case under
Chapter 7 of the Bankruptcy Code;

     (e) The dismissal of the Debtor's Case;

     (f) The appointment of an examiner with any of the powers of a
Trustee for the Debtor;

     (g) The Debtor files a motion requesting authority to grant a
third party a security interest or lien upon all or any part of the
Property of the Debtor that has a priority which is senior to, or
equal with, the Agency's liens; or

     (h) The allowance of a Motion for Relief from the Automatic
Stay allowing a creditor of the Debtor to foreclosure upon any
material asset of the Debtor.

A copy of the Fifth Interim Order is available at:

            http://bankrupt.com/misc/mab18-11804-115.pdf

                      About Pepperell Mills

Pepperell Mills Limited Partnership, based in Fall River,
Massachusetts, filed for Chapter 11 bankruptcy (Bankr. D. Mass.
Case No. 18-11804) on May 15, 2018.  The Debtor estimated $1
million to $10 million in assets and liabilities.  The petition was
signed by Christine Laudon, president of Pepperell Mills
Associates, general partner. Judge Joan N. Feeney presides over the
case.  John M. McAuliffe, Esq., at John McAuliffe & Associates,
P.C., serves as counsel to the Debtor.


PETSMART INC: Bank Debt Trades at 15% Off
-----------------------------------------
Participations in a syndicated loan under which Petsmart
Incorporated is a borrower traded in the secondary market at 84.83
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.40 percentage points from
the previous week. Petsmart Incorporated pays 300 basis points
above LIBOR to borrow under the $4.246 billion facility. The bank
loan matures on March 10, 2022. Moody's rates the loan 'B3' and
Standard & Poor's gave a 'CCC' rating to the loan. The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, November 16.


PGHC HOLDINGS: May Obtain $2-Mil. Financing, Use Cash Collateral
----------------------------------------------------------------
The Hon. Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware authorized PGHC Holdings, Inc., and its
debtor-affiliates to:

     (a) obtain up to an aggregate principal amount not to exceed
$2 million of Post-Petition Financing on an interim basis from WC
Financeco A LLC; and

     (b) use the proceeds of any loans made under the Post-Petition
Financing, and to use Cash Collateral and other Collateral through
and including February 28, 2019.

The Post-Petition Indebtedness will constitute claims with priority
in payment over any and all administrative expenses of the kinds
specified or ordered pursuant to any provision of the Bankruptcy
Code, and will at all times be senior to the rights of the Debtors,
and any successor trustee or any creditor in these Chapter 11 Cases
or any subsequent proceedings under the Bankruptcy Code. Subject
only to the Carve-Out, no cost or expense of administration under
will be senior to, or pari passu with, the Superpriority Claims of
the DIP Lender arising out of the Post-Petition Indebtedness.

As security for the Post-Petition Indebtedness, the DIP Lender is
granted valid and perfected senior security interests in, and liens
on all assets of the Debtors of any nature whatsoever and wherever
located, tangible or intangible, whether now or hereafter acquired,
including without limitation, and any and all proceeds of the
foregoing, causes of action (including without limitation any
commercial tort claims), any avoidance actions under Bankruptcy
Code and the proceeds thereof. However, such lien on avoidance
actions will only attach upon entry of the Final Order and will be
limited to the amount of the Post-Petition Indebtedness.

The Debtors acknowledge that from time to time prior to the
Petition Date, the WC Financeco A LLC and WC FinanceCo B LLC loaned
money to or for the benefit of the Debtors, and that as of the
Petition Date, the Debtors were liable to the Pre-Petition Lenders
in respect of loans made pursuant to the Pre-Petition Agreements in
the aggregate principal amount of approximately $18,480,208 under
the First Lien Pre-Petition Agreements and $34,218,209 under the
Second Lien Pre-Petition Agreements plus interest and fees accrued
and unpaid thereon and other costs, expenses and indemnities. Under
the Pre-Petition Agreements and as security for repayment of the
Pre-Petition Loan Indebtedness, the Debtors granted to the
Pre-Petition Lenders security interests in, and liens upon,
substantially all of their assets, including all of the proceeds
and products thereof, whether tangible or intangible.

The Debtors are authorized to use Cash Collateral, provided that
the Pre-Petition Lender and DIP Lender are granted adequate
protection for any diminution in the value of the Collateral, as
follows:

      (A) The Pre-Petition Lender and DIP Lender are each granted
valid and perfected, replacement security interests in, and liens
on, all of the Debtors' right, title and interest in, to and under
the Collateral, subject only to (a) the Carve-Out, (b) the Liens
granted pursuant to the Interim Order and the Post-Petition
Agreements to the DIP Lender to secure the Post-Petition
Indebtedness and (c) any Prior Permitted Liens prior in interest
and senior to the Liens granted to the DIP Lender pursuant to the
Interim Order and the Post-Petition Agreements; and

      (B) The Pre-Petition Lender is granted, Superpriority Claims,
junior only to the Superpriority Claims granted pursuant to the
Interim Order to the DIP Lender in respect of the Post-Petition
Financing and the Carve-Out.

The DIP Lender's obligations under the Interim Order and under the
Post-Petition Agreements will be subject to the following 363 Sale
Benchmarks for certain events in these Chapter 11 Cases:

      (a) Filing an application seeking approval of the Debtors'
retention of Northpoint Advisors LLC, their pre-petition investment
banker, by no later than November 15, 2018;

      (b) A Bid Procedures Order (in form and substance
satisfactory to the Lender) for the Company's assets will be
entered by the Court on or before December 17, 2018;

      (c) An auction under the Bid Procedures Order will have been
held by the Debtors on or before January 28, 2019;

      (d) A Sale Hearing will have been held and a Sale Order
approving the sale under Bankruptcy Code Section 363 (in form and
substance acceptable to the Lender) will have been entered on or
before January 31, 2019; and

      (e) A closing on the sale on or before January 31, 2019.

A full-text copy of the Interim Order is available at:

              http://bankrupt.com/misc/deb18-12537-46.pdf

                        About PGHC Holdings

PGHC Holdings, Inc., and its subsidiaries are owner-operators of
quick-service restaurants in New England under the Papa Gino's and
D'Angelo Grilled Sandwiches brands.  Founded in 1961, Papa Gino's
is a local quick-service restaurant pizza chain serving handmade
artisan pizzas.  D'Angelo Grilled Sandwiches offers made-to-order
grilled and deli sandwiches, wraps and other freshly-prepared
dishes.

PGHC Holdings, Inc., et al., sought bankruptcy protection (Bankr.
D. Del. Lead Case No. Case No. 18-12537) on Nov. 5, 2018.  The
jointly administered cases are pending before Judge Hon. Mary F.
Walrath.  In the petition signed by CFO Corey D. Wendland, the
Debtor estimated total assets of up to $50,000 and liabilities of
$50 million to $100 million.

The Debtors tapped Morris, Nichols, Arsht & Tunnell LLP as general
counsel; North Point Advisors LLC as investment banker; CR3
Partners, LLC, as financial & restructuring advisor; Hilco Real
Estate LLC, as real estate and lease consulting advisor; and Epiq
Corporate Restructuring LLC as claims and notice agent.



PUERTO RICAN PARADE: Ayala Buying Chicago Property for $955K
------------------------------------------------------------
Puerto Rican Parade Committee of Chicago, Inc., asks the U.S.
Bankruptcy Court for the Northern District of Illinois to authorize
the sale of the real property commonly known as 1237 N. California
Avenue, Chicago, Illinois, PINs 16-01-224-007-0000,
16-01-224-008-0000 and 16-01-224-046-0000, to Juan Ayala and/or
Analytical Instruments Inc. for $955,000, subject to overbid.

As of the Petition Date, the only mortgages on the California
Property (besides real estate taxes) were two Mortgages executed by
the Debtor to Carmen Martinez with a payoff balance as of the date
of the filing of the petition (based on Proof of Claim 5) in the
amount of $536,788.  Questions have been raised by the Illinois
Attorney General and others regarding the validity of both of the
mortgages based on whether the two mortgages were properly
authorized by the Debtor, whether the interest rate in the
mortgages is valid and whether certain amounts contained in the
mortgages were valid charges to the Debtor.

As of the Petition Date, there was a potential lien (filed Security
Agreement but not a Mortgage) on the California Property by Chicago
Running & Special Events Management, Inc.  Chicago Running did not
file a Proof of Claim and the Security Agreement does not appear to
have been authorized by the Debtor.  Additionally, it has been
questioned whether the security interest of Chicago Running is a
lien against the property as it is not a mortgage.

As of the Petition Date, the real estate taxes had been sold as to
three PINs which contain the California Property.  Each of the
three PINs was purchased by different tax buyers.  Wheeler
Financial purchased the taxes for 16-01-224-008-0000 (which
contains the building) which now has a payoff balance of
approximately $140,000 (only includes taxes thought 2015 leaving
2016 and subsequent taxes currently unpaid).  The tax buyers for
the other two PINs took Sales in Error (two parking lots) and the
amount owed to the County of Cook for the two parcels is
approximately $45,000.  The Real Estate Taxes subsequent to the tax
purchase on all three PINs total approximately $280,000.  The
amount increases each day the property is not sold leaving the
potential amounts for the estate to be reduced.

The Debtor is asking that the Court allows the Debtor to sell the
property free and clear of all liens with liens to attach to
proceeds and for authority to place any funds after payment of
taxes and costs of sale (including relator's commissions) in the
Debtor's attorney client funds account.

The Debtor asks authority to enter into a Real Estate Contract, for
the sale of the California Property to Juan Ayala and/or Analytical
Instruments, Inc. together with any personal property more
particularly described in the Contract.  The purchase price in the
Contract is $955,000.  The Contract provides for closing within 30
days of the Court approving and/or authorizing the Sale.  The
Contract also allows the Debtor to use several rooms at the
property for the next four years for at least one month per year.

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

   http://bankrupt.com/misc/Puerto_Rican_Parade_126_Sales.pdf

The Board of Directors of the Debtor met on Nov. 5, 2018 and
believing that a quorum was present, approved the Contract and
signed a resolution giving authority to sell the real estate.
After consultation with the Office of the Illinois Attorney
General, the counsel for Debtor was referring to the wrong set of
bylaws.  The Board of Directors will be meeting via a Special
Meeting prior to presentation of the Motion.  If there is no
authority at that time, the Motion will be withdrawn.

In any case, prior to presentation of the Motion, Adversary
Complaints will be filed by the Debtor against Carmen Martinez and
Chicago Running prior to presentation of the Motion regarding the
issues and other raised.  The California Property will be sold on
an "as is" basis, without representation, warranty or guaranty of
any kind, except as otherwise stated in the Contract.

At the hearing on the Motion, the Court will hear from other
potential buyers who will be allowed to purchase the property on
the same exact terms and conditions as Juan Ayala and/or Analytical
Instruments, Inc. in increments of $10,000.  Any potential buyer
who intends to bid must inform the Debtor's attorney at least three
business days prior to the scheduled hearing and provide sufficient
documents to demonstrate the ability to pay the purchase price in
cash (no mortgage or contingency) and subject to the use of the
Debtor yearly for the festival as described.

A hearing on the Motion is set for Nov. 29, 2018, at 10:00 a.m.

              About Puerto Rican Parade Committee

Puerto Rican Parade Committee of Chicago, Inc., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No.
17-03480) on Feb. 6, 2017.  In the petition signed by Angel Medina,
president, the Debtor estimated assets of less than $1 million.
The case is assigned to Judge Carol A. Doyle.  Paul M. Bach, Esq.,
and Penelope N. Bach, Esq., at the Bach Law Offices, serve as the
Debtor's bankruptcy counsel.



R & B SERVICES: Seeks Authorization on Cash Collateral Use
----------------------------------------------------------
R & B Services Inc. seeks authorization from the U.S. Bankruptcy
Court for the Eastern District of New York to use the cash
collateral of Commercial Credit Group, Inc. in accordance with the
proposed interim cash collateral stipulation.

The Debtor requires access to the cash collateral to provide the
Debtor with available sources of working capital to continue its
operations and administer its Chapter 11 Case.

The Debtor was and is obligated to Commercial Credit Group, Inc.
under two purchase-money commercial equipment loans for a total
original aggregate face amount of $265,858. As of the Petition
Date, the balance is $163,404. Pursuant to certain Security
Agreements, the Debtor granted to the CCG security interests and
liens in and upon all of the Debtor's respective accounts,
equipment, contract rights, goods, inventory, and other items of
personal property more particularly described therein.

The Debtor proposes to grant CCG replacement lien in post-petition
receivables in equal priority, amount and effect as existed
prepetition to protect CCG from diminution of its collateral during
the bankruptcy proceeding. The Debtor will also continue making the
monthly payments to CCG in the amount of $5,021 as adequate
protection payments, but which will also pay down the amount owed
under the Notes.

Additionally, the Debtor believes its projected operations will be
sufficient to continue operations and insulate CCG from diminution
in value, if any, of the Prepetition Collateral, and enable the
Debtor to maintain the going concern value of CCG's collateral.

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

           http://bankrupt.com/misc/nyeb18-43646-50.pdf

                     About R & B Services

R & B Services Inc. is a construction company based in New York.
Its services include general contracting, demolition excavation
utility and site work.

R & B Services sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 18-43646) on June 24, 2018.  In the
petition signed by Reginald Bridgewater, president, the Debtor
estimated assets of $1 million to $10 million and liabilities of $1
million to $10 million.  Judge Carla E. Craig presides over the
case. The Debtor tapped Sichenzia Ross Ference Kesner LLP as its
legal counsel; and Mohen Cooper LLC as special counsel.


RACKSPACE HOSTING: $1.9-Bil. Bank Debt Trades at 4% Off
-------------------------------------------------------
Participations in a syndicated loan under which Rackspace Hosting
is a borrower traded in the secondary market at 95.75
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.24 percentage points from
the previous week. Rackspace Hosting pays 300 basis points above
LIBOR to borrow under the $1.995 billion facility. The bank loan
matures on November 3, 2023. Moody's rates the loan 'Ba3' and
Standard & Poor's gave a 'BB-' rating to the loan. The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, November 16.


RACKSPACE HOSTING: $800MM Bank Debt Trades at 4% Off
----------------------------------------------------
Participations in a syndicated loan under which Rackspace Hosting
is a borrower traded in the secondary market at 95.75
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.24 percentage points from
the previous week. Rackspace Hosting pays 300 basis points above
LIBOR to borrow under the $800 million facility. The bank loan
matures on November 3, 2023. Moody's rates the loan 'Ba3' and
Standard & Poor's gave a 'BB-' rating to the loan. The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, November 16.


REPUBLIC METALS: Files Amended Proposed Cash Collateral Budget
--------------------------------------------------------------
Republic Metals Refining Corporation, Republic Metals Corporation,
and Republic Carbon Company, LLC filed with the U.S. Bankruptcy
Court for the Southern District of New York an amended proposed
cash collateral budget in connection with their Cash Collateral
Motion.

The Amended Proposed Cash Collateral Budget provides total
operating expenses of approximately $7,532,000 and total
non-operating disbursements in the amount of $8,307,000 during the
week ending November 10, 2018 through week ending February 2,
2019.

               About Republic Metals Refining Corp.

Founded in 1980, Republic Metals Refining Corporation and its
affiliates are refiners of precious metals with a primary focus on
gold and silver.  The Debtors have the capacity to produce
approximately 80 million ounces of silver and 350 tons of gold,
along with over 55 million pieces of minted products per annum.
Suppliers ship unrefined gold and silver to the Debtors for
refining from all over The United States and the Western
Hemisphere.  The Debtors provide their products and services to a
diverse base of global mining corporations, financial institutions
and jewelry manufacturers.

Republic Metals Refining, Republic Metals Corporation and Republic
Carbon Company, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case Nos. 18-13359 to 18-13361) on
November 2, 2018.

In the petition signed by CRO Scott Avila, Republic Metals Refining
estimated assets of $1 million to $10 million and liabilities of
$100 million to $500 million.  

The Debtors tapped Akerman LLP as their legal counsel; Paladin
Management Group, LLC as financial advisor; and Donlin, Recano &
Company, Inc. as its claims and noticing agent.


RESOLUTE ENERGY: Fitch Puts 'B-' IDR on Watch Pos. on Cimarex Deal
------------------------------------------------------------------
Fitch Ratings has placed Resolute Energy Corporation's (NYSE: REN)
'B-' Long-Term Issuer Default Rating on Rating Watch Positive
following the announcement of Cimarex Energy Co.'s (NYSE: XEC)
proposed acquisition of Resolute for $1.6 billion. The senior
secured and senior unsecured debt ratings were also placed on
Rating Watch Positive (RWP).

Fitch expects to resolve the Rating Watch upon completion of the
transaction, which is currently expected to close in the first
quarter of 2019 (1Q19). Fitch anticipates Cimarex will assume or
retire Resolute's existing debt, which Fitch believes will result
in stronger credit quality for Resolute, as Cimarex is considered
to have a stronger financial profile. If the acquisition fails to
close, the RWP will be removed, with Resolute's ratings likely to
remain at 'B-'.

KEY RATING DRIVERS

Size & Scale Further Improves Efficiency: Fitch believes that
Cimarex's larger scale, stronger balance sheet, and complimentary
Southern Delaware positon will improve operational and capital
efficiency. The benefits of larger scale and geological familiarity
should provide an opportunity to adopt completion design
enhancements and optimize landing zones and spacing/well
configurations that further improve well productivity and returns.
Another consideration is the heightened ability to maintain
operational momentum given the increased financial strength, which
is likely to contrast to Resolute's recently reduced drilling
activity from three active rigs to two as contemplated in
Resolute's 2018 plan to preserve the free cash flow profile.

Resolute's 21,100 net acres in Reeves county are adjacent to
Cimarex's existing 61,853 net acres in the county, and pro forma
3Q18 total company production was 253.4 mboe/d. Resolute's
management estimates there is over 10 years of drilling inventory
at management's expected pace within its currently targeted
Wolfcamp A and Upper B intervals. The sale of Resolute to Cimarex
also resolves the pressure that had been placed on Resolute from
activist investors since January 2018.

Improving Standalone FCF, Credit Metrics: Fitch expects Resolute on
a standalone basis to remain FCF negative in 2018-2020, under its
$55/bbl WTI and oil differentials assumptions, but become
self-funding by 2021. Current availability under the revolver is
anticipated to be adequate to fund the expected liquidity needs in
the next 24 months. Under Fitch's base case, Resolute will have
solid and improving credit metrics for the rating category.
Standalone debt/EBITDA is expected to be 3.6x in 2018 then move to
2.6x in 2019, trending down further in 2020 and 2021. Standalone
debt per flowing barrel is projected to be $27,133 in 2018 then
around $20,500 in 2019. Fitch's forecasted metrics are consistent
with Resolute's leverage target of 2.5x.

DERIVATION SUMMARY

Resolute's IDR reflects the company small asset position (21,100
acres) and production size (30-32 mboe/d guided for 2018) relative
to Fitch rated peers, as well as the company's strong debt metrics
for the rating category. Rating category peer Lonestar Resources
America, Inc. (B-/Stable) is smaller in terms of production, at
12.5 mboe/d for 3Q18, but is on a relatively strong growth
trajectory with manageable FCF outspend. Both issuers are forecast
by Fitch to have leverage below 3.0x by 2019. Resolute is rated
below DJ Basin-producer Extraction Oil & Gas, Inc. (B+/Stable),
which has a larger single basin position (325,000 net acres) and
production (74-75 mboe/d guided for 2018) with expectations of a
similarly conservative balance sheet. Other non-rated peers include
Callon Petroleum Company, a Permian producer with about 87,000 net
acres and 32-33 mboe/d of production guided for 2018.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer

  -- Oil price deck of $ $65/bbl in 2018, $60/bbl in 2019, and $55
thereafter;

  -- Natural gas price deck of $2.75/mcf for 2018 and $3/mcf
thereafter;

  -- Oil price differential averaging $8/bbl in 2018-2019, moving
to $3/bbl in 2021 as oil takeaway capacity comes on line;

  -- Capex of $380 million in 2018, $300 million in 2019;

  -- Total production growth of 22% in 2018 and 39% in 2019.

Fitch's recovery analysis for Resolute used both an asset value
based approach on observed transactions of like assets and a
going-concern (GC) approach, with the following assumptions:

Transactional and asset based valuation such as recent transactions
for the Permian basin on a $/acre and $/drilling location basis as
well as SEC PV-10 estimates were used to determine a reasonable
sales price for the company's assets. Fitch assigned an asset value
of approximately $633 million to the oil and gas properties.

Assumptions for the going-concern approach include:

  -- Fitch assumed a bankruptcy scenario exit EBITDA of $190
million. The EBITDA estimate takes into account a prolonged
commodity price downturn ($42.50/WTI and $2.00/mcf gas in 2019
moving towards $45/WTI and $2.50/mcf gas in 2020) causing lower
than expected production and potential liquidity constrained as the
borrowing base is re-determined downwards.

  -- GC enterprise value (EV) multiple of 4.0x versus a historical
energy sector multiple of 6.3x. The multiple is reflective of
Resolute's footprint in the Permian, which is smaller than peers
and provides for less growth opportunity and operational
efficiencies.

The recovery is based on the enterprise value of the company at
$760 million. After administrative claims of 10%, there is $684
million available to creditors. The senior secured revolver is
expected to be drawn at about 80%, with banks likely reducing the
borrowing base in a price downturn, and is expected to recover
fully for a Recovery Rating of 'RR1'. The senior unsecured notes
receive the remaining value and recover at an 'RR2' level.

RATING SENSITIVITIES

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

To resolve the Rating Watch Positive:

  - Execution of the recently announced transaction to be acquired
by Cimarex;

For an upgrade to 'B' on a stand-alone basis:

  - Expansion of drilling inventory in a credit conscious manner;

  - Production profile that approaches 50 mboe/d;

  - Maintenance of debt/EBITDA at or below 3.0x.

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

  - Additional acquisitions that result in a deviation from stated
financial policy;

  - Adoption of less conservative financing mix, or inability to
adhere to its hedging policy leading to increased vulnerability to
lower oil and gas prices;

  - Interest coverage approaching 1.5x.

LIQUIDITY

Adequate Liquidity: With only nominal cash held on the balance
sheet, Resolute's primary source of liquidity is its revolving
credit facility. The revolver's $210 million borrowing base was
increased to $310 million on Sept. 14, 2018, providing Resolute
with additional liquidity. At Sept. 30, 2018, Resolute had $197.4
million of availability under its revolving credit facility, after
taking into account outstanding borrowings and letters of credit.

In March 2018, the revolver was amended to provide additional
leverage ratio covenant headroom for the period ending June 30,
2018. The covenant moves up from a maximum of 4.0x to 4.25x in
June, dropping back down to 4.0x by Sept. 30, 2018. The revolver
was amended again in Sept. 2018 to provide further covenant
headroom by permitting annualized quarterly EBITDA calculations
through 2Q19.

FULL LIST OF RATING ACTIONS

Fitch has placed the following ratings on Rating Watch Positive:
Resolute Energy Corporation

  -- Long-Term IDR 'B-';

  -- Senior secured credit facility 'BB-'/'RR1';

  -- Senior unsecured notes 'B+'/'RR2'.


REVSTONE INDUSTRIES: Clemmens' Objections to Ct. Findings Overruled
-------------------------------------------------------------------
This matter captioned FRED C. CARUSO, Plaintiff, v. NELSON E.
CLEMMENS, Defendant, Civil Action No. 5:17-CV-326-KKC (E.D. Ky.) is
before the Court on Clemmens' objections to the Bankruptcy Judge's
proposed findings of fact and conclusions of law in this case. Upon
review, Chief District Judge Karen K. Caldwell overruled Clemmens'
objections. Likewise, Caruso's motion for partial summary judgment
is granted, Clemmens' first motion for summary judgment is granted;
and Clemmens' second motion for summary judgment is denied.

In December 2012, Revstone filed for Chapter 11 relief in the
United States Bankruptcy Court for the District of Delaware.
Revstone filed a complaint in that Delaware court seeking to avoid
and recover its payments to Clemmens as fraudulent transfers. In
2016, after resolving some procedural issues, this matter was
transferred to the Eastern District of Kentucky.

The parties filed cross-motions for summary judgment. Caruso, the
Bankruptcy Trustee for the Revstone/Spara Litigation Trust, seeks
summary judgment against Clemmens for the recovery of the Horse and
Trustee Transfers based on a theory of constructive fraud pursuant
to 11 U.S.C. section 544 and 550, and Del. Cod. Ann. 6 sections
1301-12. Caruso also seeks judgment on the matter of Revstone's
insolvency. Clemmens seeks summary judgment for the dismissal of
Caruso's claims for the recovery of the Stone Spire Transfers.
Clemmens also seeks summary judgment for Caruso's claims for the
recovery of the Finder's Fee Transfers.

The Bankruptcy Court held that Caruso's motion should be granted,
enabling the avoidance and recovery of the Horse and Trustee
Transfers from Clemmens. In addition, the Bankruptcy Court held
that Clemmens' motion should be granted dismissing Caruso's claims
against Clemmens for the recovery of the Stone Spire Transfers.
Finally, the Bankruptcy Court held that Caruso is entitled to
judgment as a matter of law on Revstone's insolvency, and that
there are questions of material facts precluding judgment as a
matter of law as to the Finder's Fee Transfers, Clemmens presents
nine objections to the Bankruptcy Court's determinations.

Clemmens objects to the consideration of expert James Lukenda's
report under Fed. R. Evid. 702, and the Bankruptcy Court's
conclusion of law based on that report that Revstone made the
transfer while insolvent. Revstone was insolvent when the transfers
were made, thus Clemmens' objection is overruled.

Clemmens objects to the conclusion that he failed to support his
opposition to the Lukenda report, which found Revstone to be
insolvent, with specific evidence. Clemmens has filed financial
audits by AlixPartners as exhibits that indicate Revstone's
solvency. These reports do claim that Revstone was solvent. But
these reports also appear to calculate Revstone's value as a going
concern. As the Bankruptcy Court correctly noted, this is
inappropriate when a company is going out of business, which is why
the Lukenda report used liquidation/balance sheet value. This
objection is overruled.

Clemmens objected to the use of liquidation value to determine
Revstone's solvency. Clemmens would prefer to use going concern
value. In general, there are two methods to determine value: going
concern or liquidation. The Court should consider the totality of
the circumstances and be flexible in determining which approach to
use. Here, given that Revstone did in fact file for bankruptcy
within the two years following these fraudulent transactions,
liquidation value is the most appropriate method. This objection is
overruled.

Clemmens also objects to the Bankruptcy Court's conclusion that the
Lukenda report's methodology is sound. The Bankruptcy Court was
within its powers to rely on the report, although this Court
reviews that decision de novo. In his objection, Clemmens does not
indicate how precisely the methodology should have been different,
or what exactly is flawed. This Court has also already found that
the Lukenda report, (DE 3 at 18-22, 33-41), adequately describes
and applies its own methods. For that reason, this objection is
denied.

Clemmens also objects to the Bankruptcy Court's conclusion that
there are genuine issues of material fact relating to the Finder's
Fee Transfers. This objection is overruled. The facts outlined in
the objection, compared to the facts noted in the Lukenda report
show that there are disputes as to the material facts, leaving the
question of whether Revstone received reasonably equivalent value
for the Finder's Fee Transfers. Thus, summary judgment is
inappropriate, and this objection is overruled.

A copy of the Court's Memorandum Opinion and Order dated Nov. 5,
2018 is available at https://bit.ly/2DBvSq5 from Leagle.com.

Fred C. Caruso, solely in his capacity as the Revstone/Spara
Litigation Trustee of the Revstone/Spara Litigation Trust,
Plaintiff, represented by James R. Irving -- jirving@bgdlegal.com
-- Bingham Greenebaum Doll LLP.

Nelson E. Clemmens, Defendant, represented by Casey Leigh Hinkle --
chinkle@kaplanjohnsonlaw.com --
--  Kaplan Johnson Abate & Bird LLP & James Edwin McGhee --
jmcghee@kaplanjohnsonlaw.com -- Kaplan Johnson Abate & Bird LLP.

                  About Revstone Industries

Lexington, Kentucky-based Revstone Industries LLC, a maker of truck
parts, filed for Chapter 11 bankruptcy (Bankr. D. Del. Case No.
12-13262) on Dec. 3, 2012.  Judge Brendan Linehan Shannon oversees
the case.  Laura Davis Jones, Esq., Timothy P. Cairns, Esq., and
Colin Robinson, Esq., at Pachulski Stang Ziehl & Jones LLP
represent Revstone.  In its petition, Revstone estimated under $50
million in assets and debt.

Affiliate Spara LLC filed its Chapter 11 petition (Bankr. D. Del.
Case No. 12-13263) on Dec. 3, 2012.

Lexington-based Greenwood Forgings, LLC (Bankr. D. Del. Case No.
13-10027) and US Tool & Engineering LLC (Bankr. D. Del. Case No.
13-10028) filed separate Chapter 11 petitions on Jan. 7, 2013.
Judge Shannon also oversees the cases.

Duane David Werb, Esq., at Werb & Sullivan, serves as bankruptcy
counsel to Greenwood and US Tool.

Greenwood estimated $1 million to $10 million in assets and $10
million to $50 million in debts.  US Tool & Engineering estimated
under $1 million in assets and $1 million to $10 million in debts.

The petitions were signed by George S. Homeister, chairman.

Metavation, also known as Hillsdale Automotive, LLC, joined parent
Revstone in Chapter 11 (Bankr. D. Del. Case No. 13-11831) on July
22, 2013, to sell the bulk of its assets to industry rival Dayco
for $25 million.  Following the sale, Metavation changed its name
to TPOP LLC.

Metavation tapped Pachulski as its counsel.  Pachulski also serves
as counsel to Revstone and Spara.  Metavation also has tapped
McDonald Hopkins PLC as special counsel, and Rust Consulting/Omni
Bankruptcy as claims agent and to provide administrative services.
Stuart Maue is fee examiner.

Mark L. Desgrosseilliers, Esq., Ericka Fredricks Johnson, Esq.,
Steven K. Kortanek, Esq., and Matthew P. Ward, Esq., at Womble
Carlyle Sandridge & Rice, LLP, represent the Official Committee of
Unsecured Creditors in Revstone's case.

Boston Finance Group, LLC, a committee member, also has hired as
counsel Gregg M. Galardi, Esq., and Sarah E. Castle, Esq., at DLA
Piper LLP.

                           *     *     *

Revstone Industries, LLC, Spara, LLC, Greenwood Forgings, LLC, and
US Tool & Engineering, LLC, on Dec. 10, 2014, filed with the
Bankruptcy Court a joint Chapter 11 plan and disclosure statement,
which incorporate the Bankruptcy Court-approved settlement between
the Debtors and each of their respective debtor and non-debtor
subsidiaries, except TPOP LLC fka Metavation, the Pension Benefit
Guaranty Corporation, the Official Committee of Unsecured
Creditors, and Boston Finance Group, LLC, and a separate
intercompany settlement among Revstone and Spara and each of their
respective debtor and non-debtor subsidiaries.

Under the Plan, Revstone's unsecured creditors with claims ranging
from $24.5 million to $41.5 million, the projected recovery is 7.2%
to 12.2%.  For unsecured creditors of affiliate Spara LLC, the
predicted recovery is about 4.2% to creditors with some $13 million
in claims, while unsecured creditors of Greenwood Forgings LLC and
US Tool & Engineering LLC don't get anything.

The PBGC is projected for recovery of $77 million, although not
less than $75 million, after giving credit to money earmarked for
unsecured creditors.

Judge Shannon on Jan. 15, 2015, approved the disclosure statement
explaining the Chapter 11 Plan.  Judge Shannon on March 23, 2015,
confirmed the Joint Chapter 11 Plan of Reorganization of Revstone
Industries, LLC, Spara, LLC, Greenwood Forgings, LLC, and US Tool &
Engineering, LLC, and the Chapter 11 plan of liquidation of TPOP,
LLC, f/k/a Metavation, LLC.


REX ENERGY: Liquidation Plan Declared Effective
-----------------------------------------------
BankruptcyData.com reported that Rex Energy Corporation's Amended
Plan of Liquidation was declared effective and the Company emerged
from Chapter 11 protection.

The Court had previously confirmed the Debtors' Plan on October 16,
2018. The Debtors shifted to a Plan of Liquidation from a Plan of
Reorganization after the sale of substantially all of the Debtors'
assets for $600.5 million to PennEnergy Resources.

BankruptcyData related that in respect of claims, classes, voting
rights and projected recoveries:
   
Class 1 ("Priority Claims") is considered unimpaired, deemed to
accept and not entitled to vote on the Plan. The projected
approximate amount of allowed claims/interests is $20-$25 million
and projected Plan recovery is 100%.

Class 2 ("Prepetition Second Lien Claims") is considered
unimpaired, deemed to accept and not entitled to vote on the Plan.
The projected approximate amount of allowed claims/interests is
$615-$620 million and projected Plan recovery is 26% -28%.

Class 3 ("Other Secured Claims") is considered unimpaired, deemed
to accept and not entitled to vote on the Plan. The projected
approximate amount of allowed claims/interests is $0-$500,000 and
projected Plan recovery is 100%.

Class 4 ("General Unsecured Claims") is considered impaired, deemed
to reject and not entitled to vote on the Plan. The projected
approximate amount of allowed claims/interests is $0 - $5 million5
and projected Plan recovery is 0%.

Class 5 ("Intercompany Claims") is considered impaired, deemed to
reject and not entitled to vote on the Plan. The projected
approximate amount of allowed claims/interests is N/A and projected
Plan recovery is N/A.

Class 6 ("Section 510(b) Claims") is considered impaired, deemed to
reject and not entitled to vote on the Plan. The projected
approximate amount of allowed claims/interests is $0 and projected
Plan recovery is 0%.

Class 7 ("Interests") is considered impaired, deemed to reject and
not entitled to vote on the Plan. The projected approximate amount
of allowed claims/interests is N/A and projected Plan recovery is
N/A.

                    About Rex Energy Corp.

Rex Energy Corporation -- http://www.rexenergy.com/-- and its
subsidiaries are independent oil and gas companies operating in the
Appalachian Basin, engaged in the acquisition, production,
exploration and development of oil, natural gas and natural gas
liquids.  They are focused on drilling and exploration activities
in the Marcellus Shale, Utica Shale and Upper Devonian Shale.  Rex
Energy is headquartered in State College, Pennsylvania and became a
public company in 2007.  

On May 18, 2018, Chapter 11 cases were filed by Rex Energy
Corporation (Bankr. W.D. Pa. Case No. 18-22033) and its affiliates
R.E. Gas Development, LLC (Bankr. W.D. Pa. Case No. 18-22032), Rex
Energy Operating Corp. (Case No. 18-22034), and Rex Energy I, LLC
(Case No. 18-22035).  R.E. Gas Development is the lead case.

In the petitions signed by Thomas C. Stabley, president and CEO,
the Debtors listed total assets of $851,000,957 and total debt of
$984,529,090 as of April 30, 2018.

Judge Jeffery A. Deller presides over the cases.

James D. Newell, Esq., Timothy P. Palmer, Esq., and Tyler S.
Dischinger, Esq., at Buchanan Ingersoll & Rooney PC and Scott J.
Greenberg, Esq., Michael J. Cohen, Esq., Anna Kordas, Esq., Thomas
A. Howley, Esq., and Rachel Biblo Block, Esq., at Jones Day, serve
as the Debtors' bankruptcy counsel.

The Debtors tapped Perella Weinberg Partners as their investment
banker; FTI Consulting, Inc., as financial advisor; and Prime Clerk
LLC as claims and noticing agent.

The Office of the U.S. Trustee for Region 3 appointed an official
committee of unsecured creditors on May 29, 2018.  The Committee
tapped Brown Rudnick LLP as its lead counsel; and Leech Tishman
Fuscaldo & Lampl, LLC, as its local counsel.


RIVERBED TECHNOLOGY: Bank Debt Trades at 3% Off
-----------------------------------------------
Participations in a syndicated loan under which Riverbed Technology
Incorporated is a borrower traded in the secondary market at 97.05
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 2.40 percentage points from
the previous week. Riverbed Technology pays 325 basis points above
LIBOR to borrow under the $1.585 billion facility. The bank loan
matures on April 24, 2022. Moody's rates the loan 'B1' and Standard
& Poor's gave a 'B+' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, November 16.


RMH FRANCHISE: Unsecured Creditors Objects to Plan
--------------------------------------------------
BankruptcyData.com reported that the Official Committee of
Unsecured Creditors of RMH Franchise Holdings filed an objection to
the Debtors' First Amended Joint Chapter 11 Plan of Reorganization.


BankruptcyData related that the objection states, "Throughout these
cases, the Committee remained cautiously optimistic that the
Debtors and non-debtor ACON Franchise Holdings LLC would be able
and willing to propose a plan that provided unsecured creditors
with both fair value and a viable business partner for the future.
Notwithstanding these hopes and repeated assurances from the
Debtors, the Plan fails to accomplish either of these goals, and
therefore, fails to satisfy the Bankruptcy Code's requirements for
confirmation Because the Debtors have not, and cannot, meet their
burden of demonstrating that the Plan complies with the strict
requirements of section 1129 of the Bankruptcy Code, confirmation
must be denied.

"The Debtors bear the burden of demonstrating that the value
propositions set forth in the Plan with respect to all stakeholders
are fair, appropriate and proposed in good faith. The Plan,
however, clearly fails to provide general unsecured creditors with
faith value. The Committee has identified a number of significant
assets that are not encumbered by the Senior Lenders’ liens. Most
critically, the Senior Lenders and the Debtors both concede that
the Debtors' Franchise Agreements, which the Debtors cannot operate
without, and the potential termination of which was the critical
gating issue for the first five months of these cases, are
unencumbered. Given the: (i) $122 million book value of the
Debtors' assets, including over $40 million attributable to the
Franchise Agreement; and (ii) Debtors' $84 million enterprise
valuation, the proposed $1.8 million proposed for unsecured
creditors is inappropriate, inequitable and not proposed in good
faith. The Debtors have yet to justify the adequacy of this
proposed distribution."

The hearing with respect to the Plan will go forward on November
28, 2018, according to court papers.

                  About RMH Franchise Holdings

RMH Franchise, headquartered in Atlanta, Georgia --
https://www.rmhfranchise.com/ -- is an Applebee's restaurant
franchisee with over 163 standardized restaurants located across 15
states.  RMH Holdings is the direct or indirect parent of each of
the other Debtors.  ACON Franchise Holdings, LLC, a non-debtor,
owns 100% of the shares of RMH Holdings.

RMH Franchise Holdings, Inc., and certain of its affiliates filed
Chapter 11 petitions (Bankr. D. Del. Lead Case No. 18-11092) on May
8, 2018.  In the petitions were signed Michael Muldoon, president,
RMH Franchise Holdings estimated assets and liabilities of $100
million to $500 million.

Affiliates that concurrently filed voluntary petitions for relief
under Chapter 11 of the Bankruptcy Code are NuLnk, Inc. (Bankr. D.
Del. Case No. 18-11093), RMH Illinois, LLC (Case No. 18-11094), RMH
Franchise Corporation (Case No. 18-11095), and Contex Restaurants,
Inc. (Case No. 18-11096).

The case is assigned to Judge Brendan Linehan Shannon.

Young, Conaway, Stargatt & Taylor, LLP, serves as bankruptcy
counsel to the Debtors; Mastodon Ventures, Inc., is the
restructuring advisor; Hilco Real Estate LLC serves as real estate
broker; and Prime Clerk LLC acts as claims and noticing agent.

On May 24, 2018, the U.S. Trustee appointed an official committee
of unsecured creditors in the Debtors' cases.  Kelley Drye & Warren
LLP serves as lead counsel to the Committee while Zolfo Cooper LLC
acts as bankruptcy consultant and financial advisor.


SEADRILL LIMITED: Bank Debt Trades at 12% Off
---------------------------------------------
Participations in a syndicated loan under which Seadrill Limited is
a borrower traded in the secondary market at 88.25
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 4.08 percentage points from
the previous week. Seadrill Limited pays 600 basis points above
LIBOR to borrow under the $1.10 billion facility. The bank loan
matures on February 21, 2021. Moody's rates the loan 'Caa2' and
Standard & Poor's gave a 'CCC+' rating to the loan. The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, November 16.



SERTA SIMMONS: Bank Debt Trades at 11% Off
------------------------------------------
Participations in a syndicated loan under which Serta Simmons
Bedding LLC is a borrower traded in the secondary market at 88.60
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.10 percentage points from
the previous week. Serta Simmons pays 350 basis points above LIBOR
to borrow under the $1.95 billion facility. The bank loan matures
on November 8, 2023. Moody's rates the loan 'B3' and Standard &
Poor's gave a 'B-' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, November 16.


SHERIDAN INVESTMENT I: Moody's Reviews Caa3 CFR for Upgrade
-----------------------------------------------------------
Moody's Investors Service placed the ratings of Sheridan Investment
Partners I, LLC's, Sheridan Production Partners I-A, L.P.'s and
Sheridan Production Partners I-M, L.P.'s, under review for upgrade
following the company's announcement of a purchase and sale
agreement to divest substantially all of its assets in the South
Central Oklahoma Oil Province play in Oklahoma to a private equity
firm for an aggregate purchase price of $264 million.

Sheridan I intends to use a substantial portion of the net proceeds
to repay debt and extend the maturities of its remaining debt
outstanding to align its capital structure with the end of the
Fund's life in 2022. The company plans to develop the remaining
asset base to prepare for further asset monetization.

On Review for Upgrade:

Issuer: Sheridan Investment Partners I, LLC

Probability of Default Rating, currently Ca-PD

Corporate Family Rating, currently Caa3

Senior Secured Term Loan B, currently Caa3 (LGD3)

Issuer: Sheridan Production Partners I-A, LP

Probability of Default Rating, currently Ca-PD

Corporate Family Rating, currently Caa3

Senior Secured Term Loan B, currently Caa3 (LGD3)

Issuer: Sheridan Production Partners I-M, LP

Probability of Default Rating, currently Ca-PD

Corporate Family Rating, currently Caa3

Senior Secured Term Loan B, currently Caa3 (LGD3)


Outlook Actions:

Issuer: Sheridan Investment Partners I, LLC

Outlook, Changed To Rating Under Review From Negative

Issuer: Sheridan Production Partners I-A, LP

Outlook, Changed To Rating Under Review From Negative

Issuer: Sheridan Production Partners I-M, LP

Outlook, Changed To Rating Under Review From Negative

RATINGS RATIONALE

Although the sale of SCOOP acreage reduces the size and the scale
of Sheridan I, the prospect of substantial debt reduction,
extension of debt maturity through the amendment to debt terms and
potential liquidity enhancement for development of the residual
acreage, materially reduces Sheridan I's risk of default and
positions it for credit profile improvement. Sale of the SCOOP
assets will reduce Sheridan I's average daily production by
approximately 30% resulting in approximately 8,600 boe per day of
production on a pro forma basis. Sheridan I's residual assets will
include approximately 118 million boe of proved reserves of which
80% is oil and 70% is proved developed. The company has proposed to
pay down approximately 33% of the total debt to result in a debt
balance of slightly above $400 million on a pro forma basis. The
reduced debt burden and cash flows supported by a moderate hedge
book should improve Sheridan I's cash flow metrics as well as
financial leverage.

Moody's review of Sheridan I's ratings will focus on the pro forma
capital structure of the company, including the size of the debt
facility and the composition of the facility vis-a-vis the size of
the borrowing base and the term loan. It will also consider
Sheridan I's pro forma liquidity to develop its residual acreage,
ability to service its remaining debt, and the terms of the
amendment to the credit agreement. Although the pro forma size of
the company limits the ratings uplift, the ratings review could
result in more than one notch upgrade.

The closing of the acreage sale transaction, repayment of a portion
of the debt, and the amendment of the debt terms for the remaining
debt are all expected to occur concurrently by mid-December, at
which point Moody's will conclude its review.

SIP I, Fund I-A, Fund I-B, and Fund I-M are a related group of
private investment companies created to acquire and exploit mature
producing oil and gas properties in the United States.


SHREE SWAMINARAYAN: Dec. 20 Plan Confirmation Hearing
-----------------------------------------------------
Judge Michael B. Kaplan of the U.S. Bankruptcy Court for the
District of New Jersey convened a confirmation hearing on December
20, 2018, at 10:00 A.M., to determine the adequacy of the
disclosure statement explaining Shree Swaminarayan Satsang Mandal
Inc.'s plan.

Written objections to the adequacy of the disclosure statement
shall be filed with the Clerk of Court and served upon counsel for
the Debtor, Counsel for the Creditor's Committee and upon the
United States Trustee no later than 14 days prior to the hearing
before the Court, unless otherwise directed by the Court.

            About Shree Swaminarayan Satsang Mandal

Shree Swaminarayan Satsang Mandal Inc. filed a Chapter 11 petition
(Bankr. E.D. Tex. Case No. 17-42100) on Sept. 26, 2017.  At the
time of filing, the Debtor estimated less than $1 million both in
assets and liabilities.

On Dec. 6, 2017, the case was transferred to the U.S. Bankruptcy
Court for the District of New Jersey and was assigned a new case
number (Case No. 17-34558). Judge Michael B. Kaplan presides over
the case.

The Debtor tapped Andrew J. Kelly, Esq., at The Kelly Firm, P.C.,
and Joyce W. Lindauer, Esq., and Sarah M. Cox, Esq., at Joyce W.
Lindauer Attorney, PLC, as counsel.

The Official Committee of Unsecured Creditors formed in the case
retained Fox Rothschild LLP, as attorney.


SKILLSOFT CORPORATION: Bank Debt Trades at 9% Off
-------------------------------------------------
Participations in a syndicated loan under which Skillsoft
Corporation is a borrower traded in the secondary market at 91.17
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.55 percentage points from
the previous week. Skillsoft Corporation pays 475 basis points
above LIBOR to borrow under the $465 million facility. The bank
loan matures on April 28, 2021. Moody's rates the loan 'B3' and
Standard & Poor's gave a 'CCC+' rating to the loan. The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, November 16.


SKY-SKAN INC: NH Revenue Admin. Objects to Disclosure Statement
---------------------------------------------------------------
The New Hampshire Department of Revenue Administration (DRA)
objects to the disclosure statement accompanying the Chapter 11
plan filed by Sky-Skan, Inc.

DRA believes that the disclosure statement is patently
unconfirmable because it treats DRA's priority tax claim in a
manner contrary to the Bankruptcy Code.

Pursuant to Sections 1129(a)(1) and 1129(a)(9)(C) of the Bankruptcy
Code, a plan may be not be confirmed unless it provides that the
holder of a priority tax claim receives, at minimum: (1) an amount
equal to the allowed amount of such claim, (2) payable in
installments over a five year period, commencing as of the date of
the order for relief, and (3) in a manner not less favorable than
the most favored nonpriority unsecured claim provided for by the
plan, other than cash payments made to a class of creditors under
section 1122(b)).

                        About Sky-Skan Inc

Sky-Skan, Inc., was founded in 1967 as a company dedicated solely
to the development and manufacture of specialized devices for
depicting dynamic visualizations of astronomical and meteorological
phenomena on planetarium domes in museums, schools, and
universities. The company has since grown to become a provider of
digital full dome science visualization, theater control, and show
programming systems for hundreds of planetariums on six continents,
serving hundreds of clients in the niche field of immersive science
interpretation and education.  From the initial planning stage to
staff training and ongoing support, Sky-Skan provides all services
required by the most advanced digital full-dome planetariums and
visualization theaters.

Sky-Skan, based in Nashua, NH, filed a Chapter 11 petition (Bankr.
D.N.H. Case No. 17-11540) on Nov. 1, 2017.  In the petition signed
by Steven T. Savage, president, the Debtor estimated $0 to $50,000
in assets and $1 million to $10 million in liabilities.   

Peter N. Tamposi, Esq., at The Tamposi Law Group, P.C., serves as
bankruptcy counsel to the Debtor, and SquareTail Advisors, LLC, is
the financial advisor.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Dec. 1, 2017.  The Committee retained
William S. Gannon PLLC as its bankruptcy counsel.


SOUNDVIEW ELITE: Trustee Wins Summary Judgment Bid vs SCM, et al.
-----------------------------------------------------------------
In the case captioned CORINNE BALL, as Plan Administrator of
SOUNDVIEW ELITE LTD., et al. and IAN MORTON and MARTIN TROTT, as
Joint Liquidators of RICHCOURT EURO STRATEGIES INC., et al.
Plaintiffs. v. SOUNDVIEW CAPITAL MANAGEMENT LTD., et al.,
Defendants, Adv. Pro. No. 15-01346, (MKV) (Consolidated) (Bankr.
S.D.N.Y.), the Chapter 11 Trustee has moved for Summary Judgment on
some, but not all, of its claims against Defendant Alphonse "Buddy"
Fletcher. The Trustee seeks judgment as a matter of law on three
claims for breach of fiduciary duty and two claims for fraudulent
transfer, as well as summary judgment dismissing all of Fletcher's
counterclaims.

Upon consideration of the arguments presented, Bankruptcy judge
Mary Kay Vyskocil rules that the e Trustee is entitled to judgment
on her fiduciary breach and fraudulent transfer claims, as well as
against Fletcher's counterclaims.

The Trustee asserts breach of fiduciary duty claims based on three
specific alleged breaches by Fletcher: (1) Fletcher's failure to
disclose the Richcourt Acquisition; (2) the first three
post-acquisition defalcations by Fletcher; and (3) the New Year's
Eve transaction and related agreements. In her Motion for Summary
Judgment, the Trustee addresses the second and third causes of
action together.

The Court finds that Fletcher breached his fiduciary duty to the
Funds by failing to disclose the Richcourt Acquisition and
thereafter misrepresenting details regarding the Acquisition. The
first notice of Fletcher's taking control not was provided until
December 2008, over five months after the Acquisition, and both
that notice and the January 2009 letter contained misleading
information regarding the management structure of the Funds. The
Trustee pleads the plausible interpretation of the Letters'
misrepresentation, that Fletcher aimed to delay investors from
questioning the management structure and financial condition of the
Funds, so that he could maintain control and discretion over the
Funds' assets.

The Court concludes based on these undisputed facts that in
disseminating the misrepresentations in the December 2008 and
January 2009 Letters, Fletcher failed to act in the Funds'
interests, and thereby breached his duties of loyalty and candor
owed to the investors.

According to the undisputed facts, starting in November 2008, after
acquiring the Richcourt Funds and seeing the line of credit to his
other funds disappear, and continuing until March 2010, Fletcher
also caused the Richcourt Funds to transfer a total of $61.7
million in cash into various Fletcher Funds. These "investments"
similarly provided little or no benefit to the Richcourt Funds.

The Court concludes that these transfers also constituted
self-dealing in breach of Fletcher's duty of loyalty. The Court
finds that Fletcher represented both sides of each transaction, and
further that the investments provided little or no benefit to the
Richcourt Funds. Fletcher made transactions using the Richcourt
Funds' assets for personal gain, to sustain his Fletcher Funds and
earn significant management fees. Fletcher persistently exploited
his fiduciary responsibilities by using Fund assets for his own
self-interest. He is therefore liable for the resulting damage to
the investors.

The Trustee also seeks summary judgment against Fletcher for his
receipt of constructive fraudulent transfers in 2013 in the
aggregate amount of $91,667 ($31,667 received on January 1, 2013
and $60,000 on April 8, 2013). She argues two overlapping causes of
action to avoid these transfers, alternatively under Section
548(a)(1)(B) or under Section 544 of the Bankruptcy Code. Both
theories rely on Section 550(a) for statutory support giving the
trustee the ability to initiate proceedings to recover property
from a transfer that is avoided under Section 548 or 544.

The Court finds that the Trustee has met her burden under Section
548(a)(1)(B) to prove the two fraudulent transfers. First, the
transfers undoubtedly occurred within two years of the Soundview
bankruptcy filing. Both transfers took place in early 2013 and
Soundview filed a bankruptcy petition later that same year, on
August 31, 2013. Second, according Varga's expert testimony,
"Soundview Elite did not receive fair (or any) consideration for
these transfers."Third, Varga concluded, based on Soundview's books
and records and taking into account the significant number of
outstanding redemption requests, that Soundview was insolvent at
the time Fletcher received the transfers.

The Court concludes that the Trustee is entitled to summary
judgment on her claims for fraudulent transfers. However, by the
Trustee's own admission, the damages stemming from the fraudulent
transfer claims are subsumed within the $78 million dollars in
damages stemming from the fiduciary breach claims. Because the
Court finds Fletcher liable for the entirety of Debtor's decline in
value during the period between the Richcourt Acquisition and the
filing date, Debtor's damages from the fraudulent transfers are
included in that calculation.

The Court, therefore, grants the Trustee’s motion for summary
judgment and dismisses with prejudice Defendant Fletcher's
counterclaims.  The Trustee is entitled to recover damages in the
amount of $78 million, plus pre-judgment interest and $350 in
filing fee costs.

A copy of the Court's Decision dated Nov. 6, 2018 is available at
https://bit.ly/2zlP4VT from Leagle.com.

Corinne Ball, as Chapter 11 Trustee of Soundview Elite Ltd.,
Soundview Premium, Ltd., Soundview Star Ltd., Elite Designated,
Premium Designated and Star Designated, John Ayres and Matthew
Wright, as Joint Liquidators of, America Alternative Investments
Inc., Optima Absolute Return Fund Ltd., Richcourt Allweather B
Inc., Richcourt Allweather Fund Inc., Richcourt Composite Inc., and
Richcourt Euro Strategies Inc.,, Corinne Ball, as Chapter 11
Trustee, and John Ayres and Matthew Wright, as Joint Liquidators &
Corinne Ball as Plan Administrator for the Soundview Funds, and Ian
Morton and Martin Trott, as Joint Liquidators for the BVI Funds,
Plaintiffs, represented by Gerard DiConza --
gdiconza@archerlaw.com -- Archer & Greiner, P.C.

Corinne Ball, as Chapter 11 Trustee for Soundview Debtor Funds, and
John Ayres and Matthew Wright, as Joint Liquidators for the
Richcourt BVI Funds, Plaintiff, represented by Gerard DiConza ,
Archer & Greiner, P.C. & Veerle Roovers -- vroovers@jonesday.com --
Jones Day.

Corinne Ball, as Chapter 11 Trustee of Soundview Elite Ltd., et al.
and Ian Morton and Martin Trott, as Joint BVI JLs of Richcourt Euro
Strategies Inc., et al., Plaintiff, represented by Stephen James
Pearson -- sjpearson@jonesday.com -- Jones Day.

Citco Group Limited, Ermanno Unternaehrer, Christopher G Smeets,
Robert Voges, Citco Fund Services (Cayman Islands) Limited, Citco
Fund Services (Europe) B.V., Citco Global Custody (N.A.) N.V.,
Citco Banking Corporation N.V., Citco Trading Inc., CFS Company
Ltd., Enrico Laddaga, Gabriele Magris & Yves Bloch, Defendants,
represented by Robert N. Kravitz -- rkravitz@rkollp.com -- Paul,
Weiss, Rifkind, Wharton & Garrison LLP & Jacob Taber --
jtaber@rkollp.com -- Paul, Weiss, Rifkind, Wharton & Garrison LLP.

Soundview Capital Management Ltd., Defendant, pro se.

               About SoundView Elite Ltd.

Six mutual funds originally created by Citco Group of Cos.,
including Soundview Elite Ltd., filed petitions for Chapter 11
protection on Sept. 24, 2013, in Manhattan to avoid undergoing
bankruptcy liquidation in the Cayman Islands, where they are
incorporated.

The funds are Soundview Elite (Bankr. S.D.N.Y. Case No. 13-13098)
Soundview Premium, Ltd. (Case No. 13-13099); Soundview Star Ltd.
(Case No. 13-13101); Elite Designated (Case No. 13-13102); Premium
Designated (Case No. 13-13103); and Star Designated (Case No.
13-13104).  The petitions were signed by Floyd Saunders as
corporate secretary.  By order dated Oct. 16, 2013, the Court
directed that the Debtors' bankruptcy cases be procedurally
consolidated and jointly administered.

SoundView Elite Ltd. and two similarly named funds were the target
of a winding-up petitions in the Cayman Islands filed in August by
Citco, which had sold its interest in the funds' manager years
before.  An investor, who was removed from the funds' board in
June, filed a different winding-up petition in August, aimed at
three funds created later to hold illiquid assets.

The Debtor disclosed $20,703,641 in assets and $16,402,671 in
liabilities as of the Chapter 11 filing.  The funds said in a court
filing their total cash assets of about $20 million are held in the
U.S., where the funds are managed.  Court papers list the funds'
total assets as $52.8 million, against debt totaling $28 million.

Judge Robert E. Gerber presides over the U.S. cases.

Warren J. Martin, Jr., Esq., Mark J. Politan, Esq., Terri Jane
Freedman, Esq., and Rachel A. Segall, Esq., at Porzio, Bromberg &
Newman, PC, serve as the Debtors' counsel.  CohnReznick LLP serves
as financial advisor.

Peter Anderson and Matthew Wright, as Joint Official Liquidators of
the Debtors, are represented in the U.S. proceedings by John A.
Pintarelli, Esq., James J. Beha, II, Esq., William H. Hildbold,
Esq., at Morrison & Foerster LLP.

The U.S. Trustee solicited for the formation of an official
committee of unsecured creditors, but to date one has not been
formed.

In April 2014, District Judge J. Paul Oetken affirmed the
Bankruptcy Court order appointing a Chapter 11 trustee for
SoundView Elite Ltd. and its affiliated debtors, and tossed pro se
appeals filed by Alphonse Fletcher, Jr., and George E. Ladner, the
sole directors of the mutual funds.

Stephen Pearson, Esq., at Jones Day serves as counsel for Corinne
Ball, the Chapter 11 Trustee.


ST. JUDE NURSING: Seeks Authorization on Cash Collateral Use
------------------------------------------------------------
St. Jude Nursing Center, Inc. seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of Michigan to use cash
collateral in the ordinary course of its business to the extent
provided in the Budget.

As set forth in the 30-Day Budget, the Debtor expects it will need
to spend $326,652 through the first 30 days of this case to avoid
immediate and irreparable harm.

The Debtor claims an immediate and urgent need to use cash
collateral. The Debtor's ability to continue caring for its
patients, to maintain business relationships with vendors and
suppliers, to pay its employees, and to otherwise fund operations
is essential to the Debtor's continued viability and is vital to
the preservation and maintenance of the value of the Debtor and/or
its assets.

As of the Petition Date, the Debtor believes that Slavik
Enterprises, LLC asserts a first priority security interest in all
its assets (other than the real property), including, without
limitation, the cash collateral in the approximate amount of
$596,715 pursuant to loan documents entered into between the Debtor
and Slavik. The Debtor also anticipates the Internal Revenue
Service will assert a security interest in the cash collateral in
the approximate amount of $256,481 based on unpaid employee
withholding obligations.

As adequate protection for the use of Cash Collateral, the Debtor
proposes:

     (a) Adequate protection payments to Slavik and the IRS in the
amount of $5,500 and $632 per month, respectively.

     (b) Adequate protection to the State of Michigan in the form
of continued payments of all tax obligations that accrue and become
due and payable from and after the Petition Date.

     (c) Replacement liens for Slavik and the IRS, and to the
extent deemed allowable, the State of Michigan, in the Debtor's
post-petition assets to the extent of any diminution in value of
their interests in the Debtor's pre-petition assets. The
replacement liens will have the same priority, scope, validity and
enforceability, and will attached to the same categories of assets
as the prepetition liens and security interests as of the Petition
Date.

     (d) Further adequate protection as provided in the proposed
order, including reporting requirements, restrictions on Debtor
activities, and rights upon the event of default.

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

           http://bankrupt.com/misc/mieb18-54906-8.pdf

                   About St. Jude Nursing

St. Jude Nursing Center is a privately owned and licensed long-term
skilled nursing facility located at 34350 Ann Arbor Trail, Livonia,
Michigan 48150.  The Facility consists of 64 licensed beds, located
within the Debtor-owned facility.  The Facility offers services
such as skilled nursing care, hospice care, Alzheimer's and
dementia patient care, physical rehabilitation, tracheal and
enteral services, wound care, and short-term respite care.  The
Company previously sought bankruptcy protection on Feb. 18, 2016
(Bankr. E.D. Mich. Case No. 16-42116) and Feb. 22, 2012 (Bankr.
E.D. Mich. Case No. 12-43956).

St. Jude Nursing Center, Inc. filed a Chapter 11 petition (Bankr.
E.D. Mich. Case No. 18-54906) on November 2, 2018, and is
represented by Jeffrey S. Grasl, Esq., in Farmington Hills,
Michigan.

At the time of filing, the Debtor had$500,000 to $1 million in
estimated assets and $1 million to $10 million in estimated
liabilities.

The petition was signed by Bradley Mali, president.


TAMMY LONG: Court Narrows Claims in Suit vs Bank of America
-----------------------------------------------------------
District Judge Jorge L. Alonso granted in part and denied in part
Defendant Bank of America, N.A.'s motion to dismiss the case
captioned TAMMY JO LONG, and LUXURY PROPERTIES, LLC Plaintiffs, v.
BANK OF AMERICA, N.A., Defendant, Case No. 17 CV 2756 (N.D. Ill.).
Plaintiffs are given until December 12 to file an amended
complaint.

Plaintiffs Tammy Jo Long and Luxury Properties, LLC, filed a
six-count complaint against Bank of America, N.A. ("BANA"),
alleging claims of breach of contract and defamation, as well for
declaratory judgment and sanctions. BANA moved to dismiss the
complaint in its entirety and Plaintiffs responded in opposition as
to all claims except their defamation claims which are voluntarily
dismissed.

Here, Plaintiffs seek damages for a violation of a private contract
in which BANA promised not to make negative or disparaging
statements about Plaintiffs or their business affairs. As in
Wagner, Plaintiffs' claim exists without reference to the
Bankruptcy Code. BANA's cited authorities, on the other hand,
concern state law claims that are intimately related to the
Bankruptcy Code.

Similarly, both the settlement agreement and the acts of which
Plaintiffs complain all post-date confirmation of the plans, and no
interpretation of the prior bankruptcy proceeding is necessary to
determine Plaintiffs' claim. Moreover, the fact that the settlement
agreement arose out of a sanctions matter in that action does not
logically differentiate Plaintiffs' claim from the breach claim of
any other party to a purportedly violated contract.

Likewise, the Court is not persuaded by BANA's assertion that
Plaintiffs implicitly concede Bankruptcy Code preemption by also
bringing the sanctions claims discussed below. Federal Rule of
Civil Procedure 8(d) allows for alternate and inconsistent claims
in pleadings.

The Court is also unpersuaded by BANA's argument that because the
breach claim is based on statements to credit reporting agencies,
section 1681t(b)(1)(F) of the FCRA preempts it. Instead, the Court
agrees with the well-reasoned decision of its colleague in Causay
v. Wells Fargo Bank, N.A., and concludes that section
1681t(b)(1)(F)'s preemptive force does not apply to private
contractual obligations.

The Court agrees with Plaintiffs. Plaintiffs' claim does not
interfere with BANA's obligation to provide information to credit
reporting agencies. Neither the language of the exception nor the
public policy fostering credit reporting insist that BANA may make
the false statements Plaintiffs complain of with impunity.
Accordingly, the motion to dismiss is denied as the breach of
contract claim.

Plaintiffs bring two sanctions claims against BANA, one for
violating the Chapter 11 plans of reorganization and one for
violating the Bankruptcy Court's 2013 order that confirmed them.
BANA moves to dismiss both counts, arguing at the threshold that
they duplicate each other, and that in any event, a claim for
sanctions is not properly brought as an independent cause of action
nor is there any private cause of action for violating a confirmed
plan or corresponding confirmation order. In opposition, Plaintiffs
emphasize the Bankruptcy Court's waning jurisdiction following
confirmation of a reorganization plan as well as its limited
involvement in the determination of the plans here. According to
Plaintiffs, since the Bankruptcy Court is a unit of the District
Court, and the plans may be interpreted as any other contract,
their claims are appropriately raised in this court.

The Bankruptcy Court has previously ruled in the context of the
plans at issue here that it retained jurisdiction to protect the
confirmation order, prevent interference with the execution of the
plan, and otherwise aid in the plan's operation. Accordingly,
Plaintiffs' concerns do not appear well founded. In any event, the
claims are dismissed here and the issue is to be decided by the
Bankruptcy Court.

Plaintiffs' sanctions claim for violation of the plans of
reorganization is dismissed for the additional reason that Section
1141 does not provide a private cause of action. For these reasons,
the sanctions claims are dismissed without prejudice.

A copy of the Court's Order dated Nov. 7, 2018 is available at
https://bit.ly/2BqLUSq from Leagle.com.

Ms Tammy Jo Long & Luxury Properties LLC, Plaintiffs, represented
by Stephen Joseph Brown -- sbrown@pedersonhoupt.com -- Pedersen &
Houpt,  Bevin Megan Brennan -- bbrennan@pedersenhoupt.com --
Pedersen & Houpt, P.C. & John Steven Delnero –
jdelnero@pedersenhoupt.com -- Pedersen & Houpt.

Bank of America, N.A., Defendant, represented by David F. Pustilnik
-- dpustilnik@winston.com -- Winston & Strawn LLP & Joseph D. Kern
-- jkern@hinshlaw.com -- Hinshaw & Culbertson LLP.

Tamm Long filed for chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Case No. 11-19484)on May 6, 2011.


TAPSTONE ENERGY: Moody's Lowers Sr. Unsecured Notes to Caa2
-----------------------------------------------------------
Moody's Investors Service affirmed Tapstone Energy, LLC's B3
Corporate Family Rating and B3-PD Probability of Default Rating.
Concurrently, Moody's downgraded the rating for Tapstone's senior
unsecured notes to Caa2 from Caa1. The outlook remains stable.

Downgrades:

Issuer: Tapstone Energy, LLC

Senior Unsecured Regular Bond/Debenture, Downgraded to Caa2 (LGD5)
from Caa1 (LGD5)

Outlook Actions:

Issuer: Tapstone Energy, LLC

Outlook, Remains Stable

Affirmations:

Issuer: Tapstone Energy, LLC

Probability of Default Rating, Affirmed B3-PD

Corporate Family Rating, Affirmed B3

RATINGS RATIONALE

The downgrade of the approximately $295 million of outstanding
9.75% senior unsecured notes due 2022 to Caa2, two notches below
the CFR, reflects the $90 million increase in the borrowing base of
the secured revolver (unrated), effectively higher priority debt,
to $400 million.

Tapstone's B3 CFR reflects small scale, basin concentration, and a
large amount of proved undeveloped reserves. The company is
modestly leveraged though Moody's expects debt will increase as it
relies on the revolver to fund capital outspend. The company's
hedging activities partially protect cash flows from commodity
price volatility. Production is weighted towards natural gas, which
have sizable basis differentials relative to Henry Hub, though the
proportion of liquids is increasing which benefits cash margins.
Tapstone's credit profile benefits from the largely equity-funded
acquisition of acreage in Oklahoma during the third quarter of
2018. Tapstone has a relatively limited history in the NW Stack of
the Anadarko Basin though it continues to develop its track record
as it grows production. The company should also benefit from
increased drilling and completion efficiency though production
growth could continue to be temporarily tempered by shut-in wells
to bring new wells online.

Moody's anticipates that Tapstone will maintain adequate liquidity
through 2019. As of June 30, 2018 and pro forma for the borrowing
base increase to $400 million, the company would have $228 million
available under its revolver. The revolver expires in May 2023 with
a springing maturity to December 2021 if more than $30 million of
senior notes are then outstanding. Supporting liquidity is the
company's ability to monetize legacy assets and the ability to
adjust capital spending, albeit at the expense of production
growth.

The stable rating outlook reflects Moody's expectation that
Tapstone will continue to grow production over the next 12-18
months as it funds capital outspend with revolver borrowings while
maintaining adequate liquidity.

Factors that could lead to an upgrade include growth of average
daily production towards 40 Mboe/d while increasing reserves,
minimizing negative free cash flow, and maintaining adequate
liquidity; retained cash flow (RCF) to debt sustained above 25%;
and further improvement of the leveraged full cycle ratio (LFCR)
above 1x.

Factors that could lead to a downgrade include declining
production; deterioration of liquidity; RCF/debt below 15%; or
EBITDA/interest below 2.5x.

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

Tapstone, headquartered in Oklahoma City, Oklahoma, is a privately
owned independent exploration and production company focused in the
Anadarko Basin in Oklahoma, Texas, and Kansas. Tapstone is
majority-owned by affiliates of GSO Capital Partners LP. Average
daily production for the twelve months ended June 30, 2018 was 28
Mboe/d.


THERMASTEEL INC: Taps Richard D. Scott as Legal Counsel
-------------------------------------------------------
Thermasteel, Inc. seeks approval from the U.S. Bankruptcy Court for
the Western District of Virginia to hire the Law Office of Richard
D. Scott as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; represent the Debtor in negotiation with its
creditors; assist in the preparation of a bankruptcy plan;
represent the Debtor in connection with obtaining post-petition
financing; and provide other legal services related to its Chapter
11 case.

Richard Scott, Esq., the attorney who will be handling the case,
charges an hourly fee of $275.

Prior to the petition date, the firm received from the Debtor the
sum of $4,000, including the filing fee of $1,717.

Mr. Scott disclosed in a court filing that he is "disinterested" as
defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Richard Daniel Scott, Esq.
     Law Office of Richard D. Scott
     302 Washington Avenue SW
     Roanoke, VA 24016
     Tel: 540 400-7997
     Fax: 540-491-9465
     Email: richard@rscottlawoffice.com

                      About Thermasteel Inc.

Thermasteel, Inc. -- http://www.thermasteelinc.com-- is a provider
of panelized composite building systems, manufacturing composite
foundation, floor, wall, roof and ceiling panels for residential,
commercial and industrial applications.  Its pre- insulated steel
framing has been used in large military housing projects in the
USA, Germany and Guantanamo Bay, Cuba.  Production facilities are
presently located in USA (Virginia, Alaska), and Russia, with
products being shipped via container to many other countries.  

Thermasteel sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Va. Case No. 18-71461) on October 26, 2018.  At
the time of the filing, the Debtor disclosed that it had estimated
assets of $1 million to $10 million and liabilities of $1 million
to $10 million.  

The case has been assigned to Judge Paul M. Black.  The Debtor
tapped the Law Office of Richard D. Scott as its legal counsel.


UNIVISION COMMUNICATIONS: Bank Debt Trades at 7% Off
----------------------------------------------------
Participations in a syndicated loan under which Univision
Communications Incorporated is a borrower traded in the secondary
market at 93.08 cents-on-the-dollar during the week ended Friday,
November 16, 2018, according to data compiled by LSTA/Thomson
Reuters MTM Pricing. This represents a decrease of 2.71 percentage
points from the previous week. Univision Communications pays 275
basis points above LIBOR to borrow under the $4.475 billion
facility. The bank loan matures on March 15, 2024. Moody's rates
the loan 'B2' and Standard & Poor's gave a 'BB-' rating to the
loan. The loan is one of the biggest gainers and losers among 247
widely quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday, November 16.


US SILICA: Bank Debt Trades at 11% Off
--------------------------------------
Participations in a syndicated loan under which US Silica
Corporation is a borrower traded in the secondary market at 88.67
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.23 percentage points from
the previous week. US Silica pays 400 basis points above LIBOR to
borrow under the $1.280 billion facility. The bank loan matures on
May 1, 2025. Moody's rates the loan 'B1' and Standard & Poor's gave
a 'B+' rating to the loan. The loan is one of the biggest gainers
and losers among 247 widely quoted syndicated loans with five or
more bids in secondary trading for the week ended Friday, November
16.


VAUGHAN COMPANY: 10th Cir. Affirms Dismissal of Lankfords' Appeal
-----------------------------------------------------------------
In the appeals case captioned DAVID LANKFORD; LEE ANN LANKFORD,
Appellants, v. JUDITH A. WAGNER, Chapter 11 Trustee of the
Bankruptcy Estate of the Vaughan Company Realtors, Appellee, No.
18-2030 (10th Cir.), David Lankford and Lee Ann Lankford,
proceeding pro se, appeal from the district court's dismissal of
their appeal from the bankruptcy court's order denying their motion
for relief under Fed. R. Civ. P. 60(b).

Exercising jurisdiction pursuant to 28 U.S.C. section 158(d)(1),
the United States Court of Appeals, Tenth Circuit affirms.

The case arises from a Chapter 11 bankruptcy in which the Trustee
filed an adversary proceeding against the Lankfords for recovery of
fraudulent transfers and disallowance of claims. Ultimately,
judgment was entered against the Lankfords. The Lankfords did not
appeal, but they subsequently filed other motions attempting to
obtain relief from the judgment. Each attempt at obtaining relief
from the judgment was unsuccessful. Undeterred, in November 2017,
the Lankfords filed a "Motion to Vacate Void Judgments per Rule
60(b)(4)." The bankruptcy court entered its order denying the
motion on Dec. 12, 2017. The Lankfords filed their notice of appeal
from the bankruptcy court's decision on Jan. 4, 2018. The district
court determined that the notice of appeal was untimely and
dismissed the appeal of the bankruptcy court's order for lack of
jurisdiction. The Lankfords now appeal the district court's
dismissal order.

With respect to the district court's dismissal of their appeal, the
Lankfords argue that there is no time limitation on Rule 60(b)(4)
motions and therefore the dismissal of their appeal was improper.
It is true that Rule 60(b) does not contain express time limits for
seeking relief in certain circumstances. See Fed. R. Civ. P.
60(c)(1) (noting that "[a] motion under Rule 60(b) must be made
within a reasonable time," unless the moving party is seeking
relief for the reasons set forth in Rule 60(b)(1),(2) or (3), which
requires that the motion be filed within one year of "entry of the
judgment or order or date of the proceeding"). But the question in
this appeal is not whether the Lankfords timely filed their Rule
60(b) motion in bankruptcy court. Instead, the question is whether
the Lankfords timely filed their appeal from the bankruptcy court's
denial of their Rule 60(b) motion. The 10th Circuit agrees with the
district court that the Lankfords did not timely file their
appeal.

The bankruptcy court entered its order denying the Lankfords' Rule
60(b) motion on December 12, 2017, but the Lankfords did not file
their notice of appeal until January 4, 2018—twenty-three days
after entry of the district court's denial order. In the Court’s
decision in In re Latture, the Court reaffirmed their earlier
determination that the "failure to file a timely notice of appeal
[is] a jurisdictional defect barring appellate review of a
bankruptcy court's order." Because the Lankfords filed their appeal
more than fourteen days after entry of the bankruptcy court's order
denying their Rule 60(b) motion, the district court properly
dismissed their untimely appeal for lack of jurisdiction.

Accordingly, the 10th Circuit affirms the district court's
judgment. The Court also denies the Lankfords' "Motion for
Designation of Additional Items into Record on Appeal" for
substantially the reasons set forth in the Trustee's response to
that motion.

A copy of the Court's Order and Judgment dated Nov. 6, 2018 is
available at https://bit.ly/2R9wJlG from Leagle.com.

           About The Vaughan Company Realtors

The Vaughan Company Realtors filed for Chapter 11 protection
(Bankr. N.M. Case No. 10-10759) on Feb. 22, 2010.  George D.
Giddens, Jr., Esq., represents the Debtor in its restructuring
efforts.  The Company estimated both assets and debts of between $1
million and $10 million.  Judith A. Wagner was appointed as Chapter
11 Trustee.

Mr. Vaughan filed a separate Chapter 11 petition (Bankr. D. N.M.
Case No. 10-10763) on Feb. 22, 2010.  The case was converted to a
chapter 7 proceeding on May 20, 2010.  Yvette Gonzales is the duly
appointed trustee of the Chapter 7 estate.


VERITAS SOFTWARE: Bank Debt Trades at 6% Off
--------------------------------------------
Participations in a syndicated loan under which Veritas Software is
a borrower traded in the secondary market at 93.90
cents-on-the-dollar during the week ended Friday, November 16,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.07 percentage points from
the previous week. Veritas Software pays 450 basis points above
LIBOR to borrow under the $1.933 billion facility. The bank loan
matures on January 27, 2023. Moody's rates the loan 'B2' and
Standard & Poor's gave a 'B' rating to the loan. The loan is one of
the biggest gainers and losers among 247 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday, November 16.


WAGGONER CATTLE: Unsecured to Get 5% Over 10 Yrs. Beginning 2019
----------------------------------------------------------------
Waggoner Cattle, LLC, together with the other debtors engaged in
cattle ranching and farming, and Michael Quint Waggoner filed a
combined disclosure statement and plan of reorganization with the
U.S. Bankruptcy Court for the Northern District of Texas dated
November 15, 2018.

The Plan contemplates the continued operations by the Debtors and
payment in full to all of the allowed amount on secured claims and
payment of 5% of claims of unsecured claims to be paid over a
10-year period, which will be paid on a monthly basis, beginning
January 15th, 2019 at 3.0% interest.

The Plan will be funded by the Debtors' continued operations of its
cattle business. It is anticipated that the Plan will be fully
consummated ten years from the Effective Date. The Debtors
expressly reserve the right to pay Creditors earlier than the ten
year time period if cash flow permits.

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

     http://bankrupt.com/misc/txnb18-20126-191.pdf

Waggoner Cattle is represented by:

     Max R. Tarbox, Esq.
     TARBOX LAW, P.C.
     2301 Broadway
     Lubbock, TX 79401
     Tel.: (806) 686-4448
     Fax: (806) 368-9785

Michael Quint Waggoner is represented by:

     R. Byrn Bass, Jr., Esq.
     LAW OFFICES OF R. BYRN BASS, JR.
     Compass Bank Building, 4716 4th St.
     Lubbock, TX 79416
     Tel.: (806) 785-1250
     Fax: (806) 771-1260

             About Waggoner Cattle

Waggoner Cattle, et al., are privately-held companies in Dimmitt,
Texas, engaged in cattle ranching and farming.  Circle W of
Dimmitt, Inc. ("Circle W"), is the operating arm for Waggoner
Cattle, LLC, Bugtusslel Cattle, LLC and Cliff Hanger Cattle, LLC,
and it is managing the financial affairs of those companies.

Waggoner Cattle, Circle W of Dimmitt, Inc., Bugtussle Cattle, LLC
and Cliff Hanger Cattle, LLC (Bankr. N.D. Tex. Case No. 18-20126 to
18-20129) simultaneously filed voluntary petitions for relief under
Chapter 11 of the Bankruptcy Code on April 9, 2018.  In the
petitions signed by Michael Quint Waggoner, managing member the
Debtors estimated $1 million to $10 million in assets and $10
million to $50 million in liabilities.


WALLDESIGN INC: 9th Cir. Upholds Ruling Against Bella Casa Property
-------------------------------------------------------------------
The United States Court of Appeals, Ninth Circuit, upholds the
district court's order affirming the bankruptcy court's grant of
summary judgment to Brian Weiss, acting trustee for Walldesign,
Inc. in the case captioned BRIAN WEISS, as Trustee of the
Walldesign Liquidation Trust, Plaintiff-Appellee, v. BELLA CASA
PROPERTY SERVICES LLC, Defendant-Appellant, No. 17-55652 (9th
Cir.).

Bella Casa Property Services appeals a district court order
affirming the bankruptcy court's grant of summary judgment to Brian
Weiss, acting trustee for Walldesign, Inc. The bankruptcy court
found various payments made from a Walldesign bank account to Bella
Casa by Michael Bello, a Walldesign officer, voidable as fraudulent
transfers.

It is undisputed that the transfers to Casa Bella were for the
benefit of Bello, not Walldesign, and were not disclosed to
corporate management. Nor is there any doubt that the funds were
Walldesign's. They were transferred from an account in Walldesign's
name and funded with refund checks from Walldesign's suppliers. The
bankruptcy court therefore did not err in treating the payments as
fraudulent transfers.

The bankruptcy court also did not err in considering declarations
summarizing Walldesign's financial and bank statements, and
documents in the Walldesign Chapter 11 case docket.

A copy of the Court's Memorandum dated Nov. 6, 2018 is available at
https://bit.ly/2Ab09ca from Leagle.com.

                   About Walldesign, Inc.

Walldesign Inc., incorporated in 1983, installs drywall,
insulation, plaster and provides related services to single and
multi-family construction projects throughout California, Nevada
and Arizona.

Walldesign, based in Newport Beach, California, said the global
credit crisis that occurred in the third quarter of 2008 had a
severe negative impact on its business: capital for construction
projects dried up, buyers vacated the market for new homes and
profit margins on new jobs eroded.  Cash flow problems slowed
payments to vendors, precipitating collection lawsuits forcing it
to seek Chapter 11 protection (Bankr. C.D. Cal. Case No. 12-10105)
on Jan. 4, 2012.  The Debtor estimated $10 million to $50 million
in assets and debt.  

Marc J. Winthrop, Esq., Sean A. O'Keefe, Esq., and Jeannie Kim,
Esq., at Winthrop Couchot, serve as the Debtor's counsel.  Brian
Weiss of BSW & Associates serve as the Debtor's chief restructuring
officer.  The official committee of unsecured creditors tapped
Jones Day as its counsel.

The Court confirmed the plan of liquidation of Walldesign on July
30, 2014.  The liquidation plan was jointly proposed by the company
and the unsecured creditors' committee.  The plan calls for the
liquidation of Walldesign's assets and payments to holders of
administrative claims and other creditors entitled to distributions
of all cash on hand well as net proceeds realized from the
litigation of claims held by the estate and liquidation of other
assets.

Walldesign, Inc., and the Unsecured Creditors' Committee notified
the Bankruptcy Court that the Effective Date of the Plan of
Liquidation is established as Jan. 2, 2015.


WISCONSIN PFA: Moody's Rates $26MM 2018A-1 & 2018A-2 Bonds 'Ba1'
----------------------------------------------------------------
Moody's Investors Service has assigned a Ba1 to the $26,940,000 of
Public Finance Authority's Multifamily Housing Revenue Bonds Series
2018A-1 and Taxable Series 2018A-2. The outlook on the rating is
stable.

RATINGS RATIONALE

The rating reflects the Project's strong historical financial
performance of the seven underlying properties located across
several counties within the states of Alabama, Connecticut, Georgia
and Illinois, high occupancy levels and experienced management
team. The rating also takes into consideration the presence of HAP
contract renewal risk and competition from other affordable housing
projects or single family homes in the surrounding area.

RATING OUTLOOK

The stable outlook on the Bonds reflects its opinion that the
properties will continue to maintain their high occupancy levels
and annual rental increases as well as perform above the minimum
debt service coverage of 1.20x for the life of the bonds.

FACTORS THAT COULD LEAD TO AN UPGRADE

- Substantial and sustained increase in debt service coverage,
consistently high occupancy at the properties and continued renewal
of subsides.

  - Demonstrated expense control of the projects operating expenses
as per audited financial statements.

FACTORS THAT COULD LEAD TO A DOWNGRADE

  - Weak financial conditions as reflected by weak occupancy or low
debt service coverage.

  - Poor performance of the properties during their REAC assessment
which would jeopardize the property's affordability.

  - Failure to renew HAP contracts

LEGAL SECURITY

The Bonds will be limited obligations of the Issuer, payable solely
from the net revenues of the properties and secured by a first lien
leasehold mortgage, an assignment of rents and HAP contracts.

USE OF PROCEEDS

Bonds proceeds will be used to make a mortgage loan to finance the
acquisition, rehabilitation and equipping of seven project based
Section 8 subsidized multifamily residential rental facilities
comprising a total of 461 units ranging from single bedroom to four
bedroom townhouses. The composition of units is diversified among
seven projects located among the states of Alabama, Connecticut,
Georgia and Illinois. 63% of the units are designated for family
housing with the balance for senior living. Proceeds will also be
used to fund the Debt Service Reserve Fund at one year of maximum
annual debt service to pay the costs of issuance as well as to fund
additional reserves.
Profile

Public Finance Authority, a Wisconsin governmental entity, is
authorized to issue tax-exempt, taxable, and tax credit conduit
bonds for public and private entities nationwide.


WJA ASSET: Wolfe Buying TD REO's Temecula Property for $1.1M
------------------------------------------------------------
TD REO Fund, LLC, an affiliate of WJA Asset Management, LLC, asks
the U.S. Bankruptcy Court for the Central District of California to
authorize the bidding procedures in connection with the sale of the
real property located at 45610 Corte Vista Clara, Temecula,
California to Wolfe Capital Investments, LLC, for $1.1 million,
subject to overbid.

The Debtor was the beneficiary of a deed of trust secured by the
Property.  The deed of trust secured a loan to PPI Direct, LLC.
Prior to the commencement of the Debtor's case, PPI Direct
defaulted on the loan and the Debtor was in the process of
foreclosing on the Property.  In order to stave off the Debtor's
foreclosure sale, PPI Direct and its principal filed or caused to
be filed three bankruptcy cases that affected the Property.

On April 2018, after obtaining relief from the automatic stay in
and/or dismissal of the bankruptcy cases, the Debtor foreclosed and
acquired the Property pursuant to the Trustee's Deed Upon Sale
recorded as Instrument No. 2018-0129460.

The Property consists of a 6,300 square foot home with six bedrooms
and five bathrooms that is situated on over 11 acres.  It is in a
rural area of Temecula, California.  

With the exception of unpaid property taxes and a lien for
delinquent water charges, the preliminary title report does not
identify any other liens against the Property.

Consistent with the Debtors' goal of an orderly liquidation of
assets, the Debtors obtained Court authority to use certain sale
procedures for REO sales.  The Sale Procedures Order was entered on
Aug. 4, 2017.  The Sale Procedures Order authorizes the Debtors to
consummate REO sales and other transactions by filing and serving a
notice of the proposed REO sale or transaction.  The Sale
Procedures Order further provides that Citivest, Inc. is entitled
to a fee of 2% of the sale price or $750 (whichever is greater).

The Sale Procedures Order also authorizes the Debtors to pay
Citivest in accordance with the asset management agreement.  The
Citivest Agreement and the Sale Procedures Order authorize the
Debtors to pay certain pass-through expenses such as brokers'
commissions.

Although the Debtors have used the Sale Procedures Order throughout
these cases to sell various properties, in this instance, the CRO
believes it is in the estate's best interest to file the Motion in
order to invite overbids.  Pursuant to the Sale Procedures Order,
Citivest, on behalf of the Debtor, entered into a listing agreement
with Matthew Hopkins.

The Listing Agreement provides that the Broker will receive a
commission of 2.5% of the purchase price upon the successful
transfer of title to the Property.  It further provides that the
seller agrees to pay 2.5% of the purchase price to the cooperating
broker who procures a purchaser who successfully closes on the
purchase of the Property.  The payment of the brokers' commission
is subject to the successful transfer of title of the Property, and
thus, subject to approval of the Motion.

Based on the Broker's expertise and familiarity with the area,
comparables in the area, and current market conditions, the Broker
estimates the Property has a fair market value in the range of $1.1
million to $1.2 million.  The Property was listed for sale at $1.25
million.  The offer presented by the Buyer is the subject of this
Motion. Buyer originally offered to purchase the Property for $1.1
million.  The Debtor countered at $1.2 million, and the Buyer
countered at $1.1 million as the Buyer's best and final offer.

The preliminary title report ("PTR") shows a lien in favor of
Rancho California Water District recorded Sept. 20, 2017, for
delinquent water charges.  The Water Lien is undisputed.

The PTR shows current and unpaid property taxes as follows:

     (a) The first installment for the fiscal year 2018-2019 was
due April 10, 2018, and is delinquent.  The delinquent installment
is in the amount of $7,474.  The second installment in the amount
of $7,474 is due Dec. 10, 2018.

     (b) Property taxes for the 2016-2017 tax year are in default.
The amount to redeem if paid by Nov. 30, 2018, is $40,438.

The Debtors and the Buyer entered into the Residential Purchase
Agreement and Joint Escrow Instructions.

The primary terms of the proposed sale are:

     1. Wolfe Capital Investments, LLC is the Buyer.

     2. The Buyer will acquire title to the Property by quitclaim
deed. The  Property will be sold in an as-is, where-is condition or
basis without representations or warranties whatsoever, implied or
express.

     3. The purchase price for the Property is $1.1 million.  The
Purchase Price is payable as follows: (a) Concurrently with the
opening of escrow, Buyer will deposit $10,000.00 into escrow (the
"Deposit"). The Deposit will become nonrefundable except in the
event of (i) the Debtor's acceptance of an overbid; or (ii) the
Bankruptcy Court's failure to approve the sale contemplated in the
Motion; and (b) On the closing date, the Buyer will deposit with
Escrow Holder the entire balance of the Purchase Price, plus all
other costs and expenses chargeable to Buyer, in good funds, less
the Deposit.

     4. The sale is subject to overbid.

     5. The Purchase Agreement is subject to Court approval.

The sale is estimated to net the Estate the approximate sum of
$960,000.

The Debtor proposes the bidding procedures to allow for overbids
prior to the Court's approval of the sale of the Property to ensure
that the estate's interest in the Property is sold for the best
possible price.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Nov. 26, 2018 at 5:00 p.m. (PT)

     b. Initial Bid: At least $10,000 over the Purchase Price set
forth in the Agreement

     c. Deposit: $20,000

     d. Auction: At the hearing on the Motion, only the Buyer and
any party who is deemed a Qualifying Bidder will be entitled to
bid.

     e. Bid Increments: $5,000

The Water Lien is undisputed, and the Debtor proposes to pay the
lien in full without further order of the Court.  It asks authority
to pay all real property tax arrearages through escrow without
further order of the Court, including the Property Taxes.  Other
than the Water Lien, the Debtor is not aware of any other liens but
expressly reserves the right to object to all or any portion of
each and every claim or encumbrance that has or will be asserted
against the Property.

Finally, the Debtor asks the Court to waive the stay of the order
approving the Motion imposed by Federal Rule of Bankruptcy
Procedure 6004(h).

A hearing on the Motion is set for Nov. 28, 2018 at 11:00 a.m.

A copy of the Agreement and Bidding Procedures attached the Motion
is available for free at:

   http://bankrupt.com/misc/WJA_Asset_668_Sales.pdf

                  About WJA Asset Management

Luxury Asset Purchasing International, LLC, et al., are part of a
network of entities or "Funds" formed to offer a range of
investment opportunities to individuals.  Many of the existing
funds are performing and some Funds had substantial gains.
However, certain Funds, i.e., those invested in private trust deeds
s0ecured by real estate, suffered losses.

William Jordan Investments, Inc. ("Advisor"), is a registered
investment advisor.  Laguna Hills, California-based WJA Asset
Management, LLC ("Manager"), is the managing member of Luxury, et
al.  William Jordan was the president and sole owner of Advisor and
was the sole member and manager of Manager.

On May 18, 2017, Luxury and its affiliates filed voluntary
petitions under Chapter 11 of the United States Bankruptcy Code.
On May 25, 2017, four other affiliated filed voluntary Chapter 11
petitions.  On June 6, 2017, CA Real Estate Opportunity Fund III
filed its Chapter 11 petition.  The Debtors' cases are jointly
administered under Bankr. C.D. Cal. Lead Case No. 17-11996, and the
Debtors continue to operate their businesses and manage their
affairs as DIP.

Pursuant to court orders, Howard Grobstein is now serving as the
chief restructuring officer of the Debtors and Mr. Jordan no longer
has any ongoing role in the Debtors' operations.

At the time of the filing, WJA estimated assets of less than
$500,000 and liabilities of $1 million to $10 million.  

Judge Scott C. Clarkson presides over the cases.

Lei Lei Wang Ekvall, Esq., Philip E. Strok, Esq., Robert S.
Marticello, Esq., and Michael L. Simon, Esq., at Smiley
Wang-Ekvall, LLP, serve as counsel to the Debtors.  Ann Moore of
Norton Moore Adams has been tapped as special counsel.  Elite
Properties Realty is the broker.



WOODLAWN COMMUNITY: Seeks Authority to Use IRS Cash Collateral
--------------------------------------------------------------
Woodlawn Community Development Corp. seeks authorization from the
U.S. Bankruptcy Court for the Northern District of Illinois to use
cash collateral wherein the Internal Revenue Service may have an
interest.

On October 23, 2018, the Internal Revenue Service issued a Notice
of Levy upon PNC Bank, NA, where the Debtor maintained three
prepetition bank accounts. As a result of the Notice of Levy, the
Debtor has been prohibited from transferring the monies from two of
the accounts, the Operating Account and General Account into the
new DIP account. The current balance in each of the three accounts
is:

     (a) Operating Account ending in 5344 -- $106,186
     (b) General Account ending in 0688 -- $17,852
     (c) Payroll Account ending in 0696 -- $106,937

As adequate protection for, and to the extent of, any diminution in
the value of the IRS' interest in the cash collateral: (a) the IRS
will be granted a replacement lien of the same priority and to the
same extent and in the same collateral as the IRS had prepetition;
and (b) the Debtor will pay $2,500 to the IRS no later than the
15th day of each month, until the earliest of the following:

     (i) The date on which the Debtor's rights to use Cash
Collateral ceases;

    (ii) Entry of a Court order directing the cessation of such
payments;

   (iii) Conversion of this proceeding to Chapter 7 of the
Bankruptcy Code;

    (iv) Dismissal of this proceeding; or

     (v) Appointment of a trustee in this proceeding.

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

           http://bankrupt.com/misc/ilnb18-29862-36.pdf

               About Woodlawn Community Development

Founded in 1972, Woodlawn Community Development Corp. --
https://www.wcdcchicago.com/ -- manages and develops affordable
housing for families in the Greater Metro Chicago area.

Woodlawn Community Development Corp., based in Chicago, IL, filed a
Chapter 11 petition (Bankr. N.D. Ill. Case No. 18-29862) on Oct.
24, 2018.  In the petition signed by Leon Finney, Jr., president
and CEO, the Debtor estimated $50 million to $100 million in both
assets and liabilities.  The Hon. Carol A. Doyle presides over the
case. David R. Herzog, Esq., at Herzog & Schwartz, P.C., serves as
bankruptcy counsel.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
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