/raid1/www/Hosts/bankrupt/TCR_Public/181213.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, December 13, 2018, Vol. 22, No. 346

                            Headlines

ACRISURE HOLDINGS: S&P Affirms 'B' Long-Term ICR, Outlook Stable
ADVANCED SPORTS: Gets 3rd Interim Order for Store Closing Sales
ADVANCED SPORTS: Jan. 15 Auction of Substantially All Assets Set
AMERICAN STEEL: Jan. 22 Disclosure Statement Hearing
AMYRIS INC: Closes $60 Million Convertible Notes Sale

BASS PRO: S&P Alters Outlook to Positive & Affirms 'B+' ICR
BERNARD L. MADOFF: $419MM Payout on 10th Anniversary of Collapse
BEVERAGES & MORE: S&P Lowers Issuer Credit Rating to 'CCC+'
BLESSED HOLDINGS: Voluntary Chapter 11 Case Summary
BLUEBIRD SAND: Case Summary & 13 Unsecured Creditors

BRANBRO INVESTMENTS: Has $615K Offer for Indian Land Property
BROWN JORDAN: S&P Alters Outlook to Neg. as Profitability Weakens
BURGER BOSSCO: S&P Lowers ICR to 'CCC+' on Weak Performance
BURLINGTON STORES: S&P Raises ICR to 'BB+', Outlook Stable
CALLAWAY GOLF: S&P Assigns BB- Issuer Credit Rating, Outlook Stable

CAMBER ENERGY: Pro Forma Stockholders' Equity Tops $6M as of Dec. 4
CANBRIAM ENERGY: S&P Lowers ICR to 'CCC-', Off Watch Negative
CARDEL MASTER: U.S. Trustee Unable to Appoint Committee
CATALINA MARKETING: Case Summary & 30 Largest Unsecured Creditors
CATALINA MARKETING: Files Ch. 11 After Reaching Deal With Lenders

CATALINA MARKETING: First Lien Lenders to Get 90% of Stock
CATALINA MARKETING: Plan to Reduce Funded Debt by $1.6 Billion
CATALINA MARKETING: To Scrap Nielsen Agreement Absent Changes
CC LLC: $10.2M Sale of Baymont Inn to Jarvis Approved
CELADON GROUP: Releases Letter with CEO Health Update

CELADON GROUP: Signs Amended Employment Agreement with CEO
CELL PHONE: U.S. Trustee Unable to Appoint Committee
CELLECTAR BIOSCIENCES: Granted Japanese Patent for CLR 131
CHECKOUT HOLDING: S&P Lowers ICR to 'CC', On CreditWatch Negative
CPV SHORE: S&P Assigns Prelim 'BB' Rating on Senior Secured Debt

CSM BAKERY: S&P Alters Outlook to Stable & Affirms 'CCC+' ICR
CVRA AERONAUTICAL: U.S. Trustee Unable to Appoint Committee
DAYMARK PROPERTIES: U.S. Trustee Unable to Appoint Committee
DIVERSE LABEL: $7.2M Sale of Substantially All Assets to RTU Okayed
ELI KAFIF: $1.25 Private Sale of Brooklyn Property to YFL Approved

EP ENERGY: Approves Increase of CEO's Annual Salary to $850,000
FANSTEEL INC: $1M Sale of Intercast Business to SeaCast Denied
GARAFOLA PROPERTIES: $1.46M Sale of Nashville Property Approved
GARAFOLA PROPERTIES: $425K Sale of Nashville Property Approved
GAVILAN RESOURCES: S&P Lowers ICR to 'B-', On CreditWatch Negative

GORDMANS STORES: $392K Sale of Interchange Claim to Optium Approved
GUILBEAU MARINE: $195K Sale of Cutoff Property to Guilbeaus Okayed
GULFVIEW MEDICAL: U.S. Trustee Unable to Appoint Committee
HERITAGE HOME: Sale Procedures for Miscellaneous Assets Approved
IDEANOMICS INC: Executive Vice Chairman Resigns

ION MEDIA: S&P Raises CCR to 'BB-' on Strong Operating Performance
IOTA COMMUNICATIONS: Commences Tender Offer for Warrants
JAMES TAGLIARENI: Private Sale of Annandale Property to Case Okayed
JESUITS OF WEST PROVINCE: Names of Sex Abusers Released
KINGWOOD FOOD: Voluntary Chapter 11 Case Summary

KLC SAN DIEGO: Case Summary & 7 Unsecured Creditors
KY LUBE: Plan and Disclosures Hearing Scheduled for Jan. 3
LAMB WESTON: S&P Alters Outlook to Positive & Affirms 'BB' ICR
LONG BLOCKCHAIN: Establishes Joint Venture with Entrex
MONITRONICS INTERNATIONAL: Launches Exchange Offer for 9.125% Notes

NEOVASC INC: Reports Positive 12-year Follow-up Data for Reducer
NORTHERN OIL: Amends Resale Prospectus of 91 Million Shares
NORTHERN OIL: Provides Financial Statements of W Energy
NOVA CHEMICALS: S&P Affirms 'BB+' Rating on Senior Unsecured Debt
PHELAN HALLINAN: Prelim Objection Ruling in Johnson Suit Affirmed

PREMIER DENTAL: S&P Affirms 'B-' ICR Amid Recent Acquisitions
PRESSURE BIOSCIENCES: Stockholders Elect Two Class I Directors
PROMISE HEALTHCARE: Sale of Quantum's San Diego Property Approved
PROTEA BIOSCIENCES: Sale of Assets to Blackwater Approved
QUINCY MEDIA: S&P Alters Outlook to Stable & Affirms 'B+' ICR

QUOTIENT LIMITED: Expects to Receive $64.6MM from Stock Offering
RIO MALL: Auction Sale of Assets Set for Dec. 14
ROBERT WRIGHT: Corbett's Auction of Personal Property Approved
RONALD GOODWIN: AllMetal Buying Three El Dorado Parcels for $103K
SCOTTY'S HOLDINGS: Case Summary & 6 Unsecured Creditors

SCOTTY'S HOLDINGS: Files for Chapter 11, to Close 4 Locations
SENIOR CARE CENTERS: Dec. 14 Meeting Set to Form Creditors' Panel
SKYLINE RIDGE: Court Approves Cinco Disclosure Statement
SKYLINE RIDGE: Willpower Properties Buying Two Tucson Parcels
STARION ENERGY: Used Chapter 11 as "Bad Faith Tactic", Says Mass.

TERRA MILLENNIUM: S&P Affirms 'B' ICR on Credit Covenant Amendment
TORTIA INVESTMENTS: Voluntary Chapter 11 Case Summary
TRICORBRAUN HOLDINGS: S&P Lowers ICR to 'B-', Outlook Stable
TRINITY FRESH: Sued by Suppliers, Close to Bankruptcy
TSC BAYVIEW: $355K Sale of Shady Side Property to Schiffers Okayed

UNIVISION COMMUNICATIONS: S&P Lowers ICR to 'B', Outlook Stable
VERSA MARKETING: Sale of Accounts Receivable to FFB Approved
VOYAGER FOUNDATION: S&P Withdraws BB+ Rating on 2014A/2012A Bonds
WILLIAM ABRAHAM: Trustee's $2.3M Sale of El Paso Property Approved
YUICHIRO SAKURAI: R2H Buying Lake Elsinore Property for $1.5M

[*] Business Insolvency Filings Down in Canada
[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

ACRISURE HOLDINGS: S&P Affirms 'B' Long-Term ICR, Outlook Stable
----------------------------------------------------------------
S&P Global Ratings said it affirmed its 'B' long-term issuer credit
rating on Acrisure Holdings Inc. and its core subsidiaries. The
outlook is stable.

S&P said, "At the same time, we affirmed our 'B' debt ratings on
the company's first-lien credit facilities: the $235 million
revolver due 2021 and $2.47 billion term loan due 2023. The
recovery ratings on these debt issues are '3(60%)', indicating our
expectation for meaningful recovery in the event of a default. We
also affirmed our 'CCC+' debt rating on the company's $925 million
senior notes with a recovery rating of '6(0%)', indicating our
expectation for negligible recovery in the event of a default.

"The affirmation reflects our view that Acrisure's overall
creditworthiness will not change materially despite credit measure
weakening from the new preferred equity (treated as 100% debt) and
remains in line with 'B' peers. The company's consistent
performance with favorable operating margins and robust supports
this view.

"The stable outlook reflects our expectations that Acrisure's
expertise in the middle-market insurance brokerage industry will
enable it to maintain strong cash-flow generation, with organic
revenue growth in the mid-single digits and margins in the 33%-34%
area. We expect the company's aggressive acquisition strategy to
offset some of the deleveraging that will occur from higher cash
flows from increased scale and modest organic growth. Under our
base case, we expect S&P adjusted debt-to-EBITDA ratio (pro forma
for annualized earnings from mergers and acquisitions) in
10.0x-11.0x area (around 7.5x excluding preferred) and S&P adjusted
cash interest coverage above 2x for 2018. We forecast these
measured to improve to an S&P adjusted leverage in the 9.0x-10.0x
area (7.0x excluding preferred) for year-end 2019 with S&P adjusted
cash interest coverage around 2.5x.

"We could lower our ratings in the next 12 months if we believe
Acrisure's organic growth, cash-flow generation, or margins erode
meaningfully, putting pressure on strategic execution.
Weaker-than-forecast credit-protection measures with S&P adjusted
financial leverage sustained above 11x-12x (7.5x-8x excluding the
preferred instrument) and S&P adjusted cash interest coverage below
2x could also lead to a downgrade. We could also consider a
downgrade if Acrisure becomes more aggressive with its financial
policies so that debt-financed dividends leading to
credit-protection measures in the same range and/or preferred
instrument become a substantially bigger portion of the company's
overall capital structure.

"Although unlikely within the next 12 months, we could raise the
ratings if the company's credit measures improve so that we revise
its FRP to aggressive. For this to happen, our adjusted
debt-to-EBITDA ratio would need to improve substantially and be
sustained at less than 5x with S&P adjusted cash coverage of 3x,
and the company's financial policy would have to be consistent with
S&P adjusted leverage of less than 5x."


ADVANCED SPORTS: Gets 3rd Interim Order for Store Closing Sales
---------------------------------------------------------------
Judge Benjamin A. Kahn of the U.S. Bankruptcy Court for the Middle
District of North Carolina has issued a third interim order
authorizing Advanced Sports Enterprises, Inc. and its
debtor-affiliates, on an interim basis, to (i) operate under their
Store Closing Program -- Consulting Agreement dated Oct. 31, 2018,
as amended and restated pursuant to the Store Closing Program –
Amended and Restated Consulting Agreement dated as of Nov. 29,
2018, with Gordon Brothers Retail Partners, LLC; (ii) continue to
operate "store closing" and other mutually agreed upon themed sales
at the Debtors' 40 retail stores identified in the Amended
Agreement; and (iii) operate "store closing" and other mutually
agreed upon themed sales at the Debtors' 62 retail stores
identified in the Amended Agreement in accordance with the terms of
the Amended Agreement and store closing sale guidelines.

The sales will be free and clear of all Encumbrances.

The Debtors are authorized to discontinue operations at the Stores
in accordance with this Third Interim Order and the Sale
Guidelines.  Subject to entry of a further order, including without
limitation the Final Order, all entities that are presently in
possession of some or all of the Merchandise or Offered FF&E in
which the Debtors hold an interest that is or may be subject to the
Amended Agreement are directed to surrender possession of such
Merchandise or Offered FF&E to the Debtors or Gordon Brothers.

Except as expressly provided in the Amended Agreement, the sale of
the Merchandise and Offered FF&E will be conducted by the Debtors
and Gordon Brothers notwithstanding any restrictive provision of
any lease, sublease or other agreement relative to occupancy
affecting or purporting to restrict the conduct of the Sales, the
rejection of leases, abandonment of assets, or "going dark"
provisions.

To the extent authorized by an Order entered by the Court on the
Debtors' Motion for Entry of Interim and Final Orders (I)
Authorizing the Debtors to Maintain and Administer Their Existing
Customer Programs and Honor Certain Prepetition Obligations Related
Thereto and
(II) Granting Related Relief filed on the Petition Date, Gordon
Brothers will accept the Debtors' validly-issued gift certificates
and gift cards that were issued by the Debtors prior to the Sale
Commencement Date in accordance with the Debtors' gift certificate
and gift card policies and procedures, as such policies and
procedures existed on the Petition Date, and accept returns of
merchandise sold by the Debtors prior to the Sale Commencement
Date.

All sales of Sale Assets will be "as is" and final.  However, all
state and federal laws relating to implied warranties for latent
defects will be complied with and are not superseded by the sale of
said goods or the use of the terms "as is" or "final sales."

Subject to the cash collateral budget entered in connection with
these chapter 11 cases, Gordon Brothers will be paid its consulting
fees and expense reimbursement at the times and in the amounts set
forth in the Amended Agreement.

Notwithstanding Bankruptcy Rule 6004(h), the Second Interim Order
will take effect immediately upon its entry.

On Dec. 14, 2018, at 9:30 a.m. (PET), the Final Hearing on the
Motion will be held.  The objection deadline is Dec. 13, 2018 at
5:00 p.m. (PET).

A copy of the Store Closing Agreement and the Sale Guidelines
attached to the Order is available for free at:

      http://bankrupt.com/misc/Advanced_Sports_204_Order.pdf

               About Advanced Sports Enterprises

Advanced Sports Enterprises, Inc. designs, manufactures and sells
bicycles and related goods and accessories.

Advanced Sports, Inc. is a wholesale seller of bicycles and
accessories.  ASI owns the following bicycle brands and is
responsible for their design manufacture and worldwide
distributions: Fuji, Kestrel, SE Bikes, Breezer, and Tuesday.

Performance Direct, Inc. designs, manufactures and sells bicycles
and related goods and accessories and operates a national
distribution of these goods under the Performance Bicycle brand
through an internet website business via the URL
http://www.performancebike.com/
   
Bitech, Inc. operates 104 retail stores across 20 states under the
Performance Bicycle brand related to the sale of bicycles and
related good and accessories.  The businesses of Performance and
Bitech operate in conjunction with each other and they share a
number of services and a distribution warehouse.

Nashbar Direct, Inc. designs, manufactures and sells bicycles and
related goods and accessories under the Bike Nashbar brand through
an internet website business via the URL
http://www.bikenashbar.com/ The businesses of Nashbar also operate
in conjunction with Performance and share services and a
distribution warehouse.

Advanced Sports Enterprises and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. M.D.N.C. Lead Case
No. 18-80856) on Nov. 16, 2018.  

Advanced Sports Enterprises estimated assets of $1 million to $10
million and liabilities of $10 million to $50 million while
Advanced Sports, Inc., estimated assets of $100 million to $500
million and liabilities of $50 million to $100 million.

The cases have been assigned to Judge Benjamin A. Kahn.

The Debtors tapped Northen Blue, LLP and Flaster/Greenberg P.C. as
their bankruptcy counsel; D.A. Davison & Co. as investment banker;
Clear Thinking Group LLC as financial advisor; and Kurtzman Carson
Consultants LLC as claims, noticing and balloting agent.



ADVANCED SPORTS: Jan. 15 Auction of Substantially All Assets Set
----------------------------------------------------------------
Judge Benjamin A. Kahn of the U.S. Bankruptcy Court for the Middle
District of North Carolina authorized the bidding procedures of
Advanced Sports Enterprises, Inc., Advanced Sports, Inc.,
Performance Direct, Inc., Bitech, Inc. and Nashbar Direct, Inc., in
connection with the sale of substantially all their personal
property and other related interests, either individually or in
groupings, free and clear of any and all Encumbrances at auction.

A hearing on the Motion was conducted on Dec. 6, 2018.

Notwithstanding any limitations provided for in any due diligence
information, including, without limitation, any non-disclosure,
confidentiality or similar provisions, the Debtors and their
estates will be authorized to provide due diligence information to
Potential Bidders or Qualifying Bidders.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Jan. 11, 2019 at 12:00 p.m. (ET)

     b. Initial Bid: In the event that there is a Stalking Horse
Purchaser, and the Qualifying Bidder wishes to bid on the same
Assets that are included in the Stalking Horse Agreement, the
aggregate consideration proposed by the Qualifying Bidder must
equal or exceed the sum of the amount of (A) the purchase price
under the Stalking Horse Agreement, plus (B) any break-up fee,
expense reimbursement, or other bid protection provided under the
Stalking Horse Agreement, plus (C) $100,000.

     c. Deposit: 10% of the total consideration provided under the
proposed Transaction Agreement

     d. Auction: The Auction will be held at a location to be
determined in the vicinity of Chapel Hill, NC, beginning at 10:00
a.m. (ET) on Jan. 15, 2019

     e. Bid Increments: $100,000

     f. Sale Hearing: Jan. 22, 2019 at 11:00 a.m. (ET)

     g. Outside Closing: Next business day following entry of Sale
Order

     h. Sale Objection Deadline: Jan. 21, 2019 at 4:00 p.m. (ET)

     i. Any party that wishes to submit a credit bid either as a
component, or as the entirety, of the consideration for its bid
will identify the amount of the claim and the nature, extent, and
priority of the lien upon which its credit bid is premised.  The
Debtors also ask approval of the Sale Notice.  Wells Fargo Bank,
N.A. will have the right to credit bid the full amount of all
Obligations and any Existing Liabilities as determined by the
Court.   

These Assumption and Assignment Procedures are approved:

     (a) Assumption Notice Deadline: Dec. 13, 2018.  The Assumption
Notice (or Supplemental Assumption Notice, if applicable) will
include, without limitation, the cure amount (each, a "Cure
Amount"), if any, that the Debtors believe is required to be paid
to the applicable Counterparty under section 365(b)(1)(A) and (B)
of the Bankruptcy Code for each of the Assumed Contracts.

     (b) Contract Objection Deadline: Jan. 21, 2019 at 4:00 p.m.
(ET).  

     (c) Notice of Successful Bidder will be filed with the Court
on Jan. 16, 2019 at 5:00 p.m. (ET).

     (d) On Jan. 16, 2019 at 5:00 p.m. (ET), the Debtors will cause
to be served the applicable Notice of Successful Bidder, the
associated Transaction Agreement and proposed sale order.

     (e) If no Contract Objection is timely received with respect
to an Assumed Contract: (i) the Counterparty to such Assumed
Contract will be deemed to have consented to the assumption by the
Debtors and (if applicable) assignment of such Assumed Contract.

     (f) To the extent that the parties are unable to consensually
resolve any Contract Objection prior to the commencement of the
Sale Hearing, , such Cure Dispute will be adjudicated at a hearing
approximately 14 days following the Sale Hearing or at such other
date and time as may be mutually agreed to by the Debtors and the
objecting Counterparty or scheduled by the Court, and all portions
of any Contract Objections that are not Cure Disputes will be
adjudicated at the Sale Hearing.

The Debtors will be required to accept bids for the assumption and
assignment of individual leases from landlords to individual leases
to which such landlord is a party.

Within 24 hours after the Bid Deadline, the Debtors will send all
Adequate Assurance Information that identify such Counterparty's
Assumed Contract as a contract to be acquired in a Sale.

The Order will be effective immediately upon entry, and any stay of
orders provided for in Bankruptcy Rules 6004(h) or 6006(d) or any
other provision of the Bankruptcy Code, the Bankruptcy Rules or the
Local Bankruptcy Rules is expressly waived.  The Debtors are not
subject to any stay in the implementation, enforcement or
realization of the relief granted in the Order, and may, in their
sole discretion and without further delay, take any action and
perform any act authorized or approved under the Order.

The requirements set forth in Local Rules 6004-1, 9006-1 and 9013-1
are satisfied or waived.

A copy of the Bidding Procedures and Sale Notice attached to the
Order is available for free at:

     http://bankrupt.com/misc/Advanced_Sports_205_Order.pdf  

               About Advanced Sports Enterprises

Advanced Sports Enterprises, Inc., designs, manufactures and sells
bicycles and related goods and accessories.

Advanced Sports is a wholesale seller of bicycles and accessories.
ASI owns the following bicycle brands and is responsible for their
design manufacture and worldwide distributions: Fuji, Kestrel, SE
Bikes, Breezer, and Tuesday.

Performance Direct, Inc., designs, manufactures and sells bicycles
and related goods and accessories and operates a national
distribution of these goods under the Performance Bicycle brand
through an internet website business via the URL
http://www.performancebike.com/
   
Bitech, Inc., operates 104 retail stores across 20 states under the
Performance Bicycle brand related to the sale of bicycles and
related good and accessories.  The businesses of Performance and
Bitech operate in conjunction with each other and they share a
number of services and a distribution warehouse.

Nashbar Direct, Inc. designs, manufactures and sells bicycles and
related goods and accessories under the Bike Nashbar brand through
an internet website business via the URL www.bikenashbar.com.  The
businesses of Nashbar also operate in conjunction with Performance
and share services and a distribution warehouse.

Advanced Sports Enterprises and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. M.D.N.C. Lead Case
No. 18-80856) on Nov. 16, 2018.  In the petitions signed by signed
by Patrick J. Cunnane, president, the Debtors disclosed their
assets and liabilities as follows:

    * Advanced Sports Enterprises'
      Estimated Assets: $1 million to $10 million
      Estimated Liabilities: $10 million to $50 million

    * Advanced Sports, Inc.'s
      Estimated Assets: $100 million to $500 million
      Estimated Liabilities: $50 million to $100 million

    * Bitech, Inc.'s
      Estimated Assets: $10 million to $50 million
      Estimated Liabilities: $50 million to $100 million

    * Nashbar Direct's
      Estimated Assets: $1 million to $10 million
      Estimated Liabilities: $1 million to $10 million

    * Performance Direct's
      Estimated Assets: $50 million to $100 million
      Estimated Liabilities: $100 million to $500 million

The cases have been assigned to Judge Benjamin A. Kahn.

The Debtors tapped Northen Blue, LLP and Flaster/Greenberg P.C. as
their bankruptcy counsel; D.A. Davison & Co. as investment banker;
Clear Thinking Group LLC as financial advisor; and Kurtzman Carson
Consultants LLC as claims, noticing and balloting agent.


AMERICAN STEEL: Jan. 22 Disclosure Statement Hearing
----------------------------------------------------
The hearing to consider the approval of the disclosure statement
explaining American Steel Processing Company's Chapter 11 plan of
reorganization will be held on January 22, 2019 at 02:30 PM,
Eastern Time.

January 15, 2019, is fixed as the last day for filing and serving
written objections to the disclosure statement.

The Debtor proposes to pay allowed unsecured creditors in Class 29
on a pro rata basis over 36 months from net disposable income which
will not be less than $36,000 to be paid over 36 months. The debt
remaining unpaid, if any, at the end of 36 months will be
discharged. The Debtor may choose to prepay all or a portion of the
allowed unsecured claims from funds available to the Debtor the
Debtor in Possession account without prepayment W penalty.

The Debtor intends to continue to operate to generate the funds
necessary to fund the Plan.

The proposed Plan's only risk which may result for creditors is a
major hurricane or other natural disasters which would destroy the
facility where the Debtor operates which came close to happening
through Hurricane Michael.

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

      http://bankrupt.com/misc/flnb18-50060-338.pdf

                 American Steel Processing Company

American Steel Processing Company is a steel fabricator in Panama
City, Florida, founded in July 1998.  American Steel Processing
filed a Chapter 11 petition (Bankr. N.D. Fla. Case No. 18-50060)
on
Feb. 26, 2018.  In the petition signed by Thomas J. Fanell,
president and CEO, the Debtor estimated assets and liabilities at
$1 million to $10 million.  The case is assigned to Judge Karen K.
Specie.  The Charles Wynn Law Offices, P.A., is the Debtor's
counsel.

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



AMYRIS INC: Closes $60 Million Convertible Notes Sale
-----------------------------------------------------
Amyris, Inc. has successfully closed on the previously-announced
sale of $60 million of unsecured convertible senior notes, in a
private placement with two "accredited investors" (as defined in
Rule 501 of Regulation D promulgated under the Securities Act of
1933).

The Notes will mature in December 2021.  The net proceeds from the
placement after related expenses were approximately $56.2 million.

"We are very pleased with the support of our investors in
addressing and simplifying our debt while we continue to deliver
significant product sales growth across our business and pursue a
truly exciting opportunity for us to disrupt the sweetener market
with a healthier alternative," said John Melo, Amyris president and
CEO.

Oppenheimer & Co. Inc. served as the sole placement agent for the
transaction.

The Notes and any shares of common stock issuable upon conversion
of the Notes or otherwise have not been registered under the
Securities Act of 1933, or any state securities laws and may not be
offered or sold in the United States absent registration or an
applicable exemption from such registration requirements.

                         About Amyris, Inc.

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

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

Amyris incurred net losses of $72.32 million in 2017, $97.33
million in 2016, and $217.95 million in 2016.  As of Sept. 30,
2018, Amyris had $122.7 million in total assets, $323.3 million in
total liabilities, $5 million in contingently redeemable common
stock, and a total stockholders' deficit of $205.6 million.


BASS PRO: S&P Alters Outlook to Positive & Affirms 'B+' ICR
-----------------------------------------------------------
U.S.-based sporting goods and outdoor recreation retailer Bass Pro
Group LLC has successfully executed its Cabela's integration plan,
achieving cost synergies that are well ahead of schedule.  S&P
Global Ratings is revising its outlook on Bass Pro to positive from
stable, and affirming the 'B+' issuer credit rating.

S&P said, "The outlook revision reflects our expectation that
credit metrics will improve significantly over the next 12 months,
including debt to EBITDA declining to the low-5.0x area at fiscal
year-end 2019 from the current high-7.0x range. We expect
substantial profitability improvement as the company's highly
profitable credit card business grows, one-time expenses related to
the Cabela's merger roll off, and overhead cost reduction and
merchandise optimization continues.  An important element of the
company's strategy is increasing the number of customers using its
credit card. We also expect Bass Pro to benefit from better
economics under the company's new credit card arrangements with
MasterCard. The credit card business leverages strong brand loyalty
that stems from a devoted core customer base, although the extent
to which the company can expand this operation across banners
remains unproven.

"The positive outlook reflects our expectation that the company
will continue to execute well on its integration plan, resulting in
debt to EBITDA improving to the low-5.0x area by year-end 2019 as
profitability improves and the company uses FOCF to repay debt. We
could revise our outlook back to stable if we expect debt to EBITDA
will remain above 5.0x. This could happen if Bass Pro's competitive
standing weakens because of increased competition from big-box and
online retailers, or if the company experiences issues integrating
the Cabela's business or transitioning the credit card business to
new third-party financial institutions. Credit metrics could also
underperform our forecast if the company adopts a more aggressive
financial policy, resulting in a higher outstanding debt balance
than we currently assume.

"We could raise the ratings if we expect debt to EBITDA of about
5.0x or less on a sustained basis.  This could occur if we expect
positive comparable-sales and EBITDA margin expansion of about 500
basis points (bps) benefitting from the roll off of one-time costs,
growth of highly profitable credit card sales, and better retail
execution in combination with moderate debt repayment in the coming
12 months."


BERNARD L. MADOFF: $419MM Payout on 10th Anniversary of Collapse
----------------------------------------------------------------
Ten years ago, on Dec. 11, 2008, Bernard Madoff was arrested in New
York following the collapse of his $19 billion Ponzi scheme that
spanned decades and defrauded thousands of customers.

More than $13.3 billion of those stolen funds have been recovered
through the Madoff Recovery Initiative, led by Irving H. Picard,
the Securities Investor Protection Act (SIPA) Trustee for the
liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS),
and David J. Sheehan, Chief Counsel to the SIPA Trustee, both of
whom are partners at BakerHostetler LLP.  The recoveries far exceed
similar efforts related to prior Ponzi schemes both in terms of
dollar value and percentage of stolen funds recovered. The
Initiative is funded by the Securities Investor Protection
Corporation (SIPC).

Concurrent with the tenth anniversary of the fraud's discovery, Mr.
Picard filed a motion Dec. 11, 2018, in the United States
Bankruptcy Court for the Southern District of New York seeking
approval for an allocation of more than $515 million in recoveries
to the BLMIS Customer Fund and an authorization for a tenth pro
rata interim distribution of more than $419 million from the
Customer Fund to BLMIS customers with allowed claims.  A hearing on
the motion has been scheduled for Wednesday, Jan. 23, 2019 at 10:00
a.m. EST.

Stephen P. Harbeck, President and Chief Executive Officer of SIPC,
said, "Ten years ago today, Bernard Madoff's fraud was uncovered.
SIPC and the then newly appointed SIPA Trustee, Irving Picard,
along with his chief counsel, David Sheehan, launched the Madoff
Recovery Initiative, which has since set new benchmarks for similar
recovery efforts in the future. It's appropriate that we announce
today yet another benchmark in this remarkable effort: the tenth
distribution."

"At the start of this recovery initiative nearly ten years ago,
conventional wisdom said we would only be able to recover pennies
on the dollar, given the challenges of reconstructing the fraud,
identifying the stolen funds, and recovering those funds," said Mr.
Picard.  "However, our teams spread out across the globe, and with
unrelenting determination and the support of the Securities
Investor Protection Corporation, we have recovered a sum that once
seemed out-of-reach and, most importantly, restored stolen funds to
their rightful owners."

Tenth Distribution Will Bring Total Amount Restored to More Than
$12 Billion

Plans for the tenth pro rata interim distribution are the result of
more than $515 million in settlements and recoveries achieved by
the SIPA Trustee and the legal teams since the last interim
distribution in February 2018.  Among the notable recoveries in
2018 are the $76.5 million payment to the BLMIS Customer Fund by
Alpha Prime Fund Ltd. and the $281 million recovery from J. Ezra
Merkin, Ascot Partners, L.P., Ascot Fund Limited and Gabriel
Capital Corporation.

When combined with the prior nine distributions, the tenth
distribution will equal 66.371% of each customer's allowed claim
amount, unless that claim has been fully satisfied.  The aggregate
amount distributed to eligible BLMIS customers will total more than
$12 billion, which includes approximately $844.92 million in
advances committed by the Securities Investor Protection
Corporation (SIPC).

Mr. Picard, Mr. Sheehan, and their teams have delivered more than
900 recovery agreements over the past decade. Thirty-three of these
agreements each reflected a recovery of at least $20 million, 16 of
which exceeded $100 million each.

"Our teams and Madoff's claimants have much to celebrate on this
tenth anniversary," said Mr. Sheehan. "However, we are far from
done.  Even as we look back on this achievement, we are continuing
our global efforts and looking ahead to future, significant
recoveries and distributions."

The scope of the crime is without parallel.  Ten years ago, with
little documentation and less assistance from fraud insiders, the
SIPA Trustee and his teams investigated more than 16,500 claims,
ultimately allowing more than 2,600.  The SIPA Trustee's efforts to
recover stolen funds have involved more than 1,000 lawsuits,
including two actions which reached the Supreme Court of the United
States.  Additionally, the SIPA Trustee's international
investigation and recovery of BLMIS estate assets has spanned more
than 45 jurisdictions worldwide.

No funds recovered in the Madoff Recovery Initiative are used to
pay costs associated with the recovery.  All trustee, legal, and
accounting fees, as well as administrative expenses, are paid by
SIPC.

"The success of the SIPA Trustee and his teams over the past decade
is exceptional, in every aspect," said Mr. Harbeck.  "SIPC has
supported the Madoff Recovery Initiative every step of the way, and
the recovery is, by any measure, extraordinary."

The Tenth Customer Fund Allocation and Distribution Motion can be
found on the United States Bankruptcy Court's website at
http://www.nysb.uscourts.gov/;Bankr. S.D.N.Y., No. 08-01789 (SMB).
It can also be found on the SIPA Trustee's website along with more
information on the BLMIS liquidation at:
http://www.madofftrustee.com/

                     About Bernard L. Madoff

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

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

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

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

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims.  As of December
2018, more than $13.3 billion of those stolen funds have been
recovered through the Madoff Recovery Initiative.  Ten interim
distributions to eligible BLMIS customers total more than $12
billion, which will equal 66.371 percent of each customer's allowed
claim amount.


BEVERAGES & MORE: S&P Lowers Issuer Credit Rating to 'CCC+'
-----------------------------------------------------------
S&P Global Ratings lowers its issuer credit rating to 'CCC+' from
'B-'. The outlook is negative.

S&P is also lowering its issue-level rating on the company's senior
secured notes to 'CCC+' from 'B-'.

S&P said, "The downgrade reflects our expectation that BevMo's soft
performance trends will remain under pressure as it works to fully
implement its self-distribution and other improvement efforts amid
an intensely competitive operating environment.

"The negative outlook reflects our view that intense competitive
forces will challenge BevMo's ability to drive customer traffic and
deliver top-line growth. We also believe execution risks will
remain elevated over the next 12 months as the company fully scales
its self-distribution platform and rolls out its hybrid EDLP format
to more stores.   

"We could lower our rating if liquidity deteriorates and we
envision a default scenario occurring over the next 12 months. This
could result from intensifying competition that pressures
performance or execution issues related to its turnaround efforts.
We could also lower the rating if the company or its financial
sponsor pursues open market purchases below par.

"We could revise the outlook to stable if operating results
outperform our expectations, resulting in stronger free cash flow
generation that is used to pay down asset-based lending (ABL)
borrowings and strengthen liquidity. An upgrade would require
sustained EBITDA growth and fixed-charge coverage approaching
1.5x."


BLESSED HOLDINGS: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Blessed Holdings Trust Corp.
        15476 NW 77 Court, #280
        Hialeah, FL 33016

Business Description: Blessed Holdings Trust Corp. is a Florida
                      for profit corporation based in Hialeah.
                      The Company is a small business debtor as
                      defined in 11 U.S.C. Section 101(51D)
                      with an estimated creditors of 1-49.

Chapter 11 Petition Date: December 11, 2018

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

Case No.: 18-25403

Judge: Hon. Jay A. Cristol

Debtor's Counsel: Richard R. Robles, Esq.
                  LAW OFFICES OF RICHARD R. ROBLES, P.A.
                  905 Brickell Bay Dr #228
                  Miami, FL 33131
                  Tel: (305) 755-9200
                  E-mail: rrobles@roblespa.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by George Canciobello, president.

The Debtor lists Angel Oak Prime Bridge as its sole unsecured
creditor holding a claim of $630,144.

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

         http://bankrupt.com/misc/flsb18-25403.pdf


BLUEBIRD SAND: Case Summary & 13 Unsecured Creditors
----------------------------------------------------
Two affiliates that have filed voluntary petitions seeking
relief under Chapter 11 of the Bankruptcy Code:

     Debtor                                   Case No.
     ------                                   --------
     Bluebird Sand, LLC (Lead Case)           18-16675
        dba Blue Bird Sand Mine
        dba BBSM
     20344 Highway O
     Stella, MO 64867-8117

     TS Sand Management, LLC                  18-16676
         dba T S Sand Management, LLC
     20344 Highway O
     Stella, MO 64867-8117

Business Description: Bluebird Sand, LLC is a privately held
                      company in Stella, Missouri engaged in the
                      business of nonmetallic mineral mining and
                      quarrying.  Its affiliate TS Sand
                      Management, LLC provides support activities
                      for mining industry.

Chapter 11 Petition Date: December 11, 2018

Court: United States Bankruptcy Court
       Eastern District of Arkansas (Batesville)

Debtors' Counsel: Stanley V. Bond, Esq.
                  BOND LAW OFFICE
                  525 S. School Ave., Suite 100
                  Fayetteville, AR 72701
                  Tel: (479) 444-0255
                  Fax: (479) 444-7141
                  Email: attybond@me.com

Each Debtor's
Estimated Assets: $1 million to $10 million

Each Debtor's
Estimated Liabilities: $1 million to $10 million

The petitions were signed by Rebecca Henley, managing member.

A full-text copy of Bluebird Sand's petition containing, among
other items, a list of the Debtor's 13 unsecured creditors is
available for free at:

              http://bankrupt.com/misc/areb18-16675.pdf

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

              http://bankrupt.com/misc/areb18-16676.pdf


BRANBRO INVESTMENTS: Has $615K Offer for Indian Land Property
-------------------------------------------------------------
Branbro Investments, LLC, asks the U.S. Bankruptcy Court for the
Western District of North Carolina to authorize the sale of the lot
of 1.77 acres located on Highway 521 in the town of Indian Land,
Lancaster County, South Carolina to Elton Braho and Bill Exarhos,
or their assigns, for $615,000.

Highway 521 Lot is the single asset of the Branbro.  On its
Schedule A of its schedules, Branbro listed ownership of the
Highway 521 Lot with an estimated value of $650,000.

On July 3, 2018, Branbro filed its motion to approve a listing
agreement for the sale of the Highway 521 Lot, and on Aug. 3, 2018
the Court entered its order approving the listing agreement.  The
real estate broker named in the listing agreement provided an offer
for the Highway 521 Lot, and after negotiation the offer has been
executed by all parties, and is currently a contract for the
purchase and sale of the Highway 521 Lot.

The due diligence period provided in the contract, as extended by
consent, has now concluded, and the contract has become binding.
The contract provides for a purchase price of $615,000, with
closing to occur within 60 days from the date of the final
execution of the contract.  It is anticipated that the closing of
the contract will occur prior to Dec. 31, 2018.

Branbro is of the opinion that the sale of the Highway 521 Lot to
the Buyers identified in the contract, or their assigns, is in the
best interest of Branbro, its creditors, and the bankruptcy
estate.

Branbro prays that the Court enters its order approving a sale of
the sole asset of Branbro to the Buyers for the purchase price of
$615,000, pursuant to the terms and conditions of their contract.

Finally, it asks that the Court authorizes it to pay at closing the
mortgage on the property, and all customary and necessary closing
costs, including taxes, etc., with the net proceeds to be held by
the attorney for Branbro pending further order of the Court.

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

     http://bankrupt.com/misc/Branbro_Investments_38_Sales.pdf

Counsel for Debtor:

        R. Keith Johnson, Esq.
        LAW OFFICES OF R. KEITH JOHNSON, P.A.
        1275 Hwy. 16 South
        Stanley, NC 28164
        Telephone: (704) 827-4200
        E-mail: rkjpa@bellsouth.net

                    About Branbro Investments

Branbro Investments, LLC, sought Chapter 11 protection (Bankr.
W.D.N.C. Case No. 18-30707) on May 4, 2018.  In the petition signed
by Hugo A. Pearce, III, manager, the Debtor estimated assets in the
range of $500,001 to $1 million and $100,001 to $500,000 in
liabilities.  The Debtor tapped R. Keith Johnson, Esq., at Law
Offices of R. Keith Johnson, P.A., as counsel.



BROWN JORDAN: S&P Alters Outlook to Neg. as Profitability Weakens
-----------------------------------------------------------------
S&P Global Ratings revised its outlook on Brown Jordan to negative
from stable, affirmed its 'B' issuer credit rating, and 'B'
issue-level rating on the secured term loan.

S&P said, "The outlook revision reflects our view that
profitability will remain challenged. This is because of elevated
commodity and freight costs and topline softness across several of
its segments, leading to higher-than-expected leverage above 5x for
at least the next several quarters. A material spike in commodity
costs in 2018 has had a severe impact on the company's gross
margins. Particularly higher aluminum prices, which is its key raw
material input and freight, have increased its product
transportation costs. While Chinese import tariffs have had some
direct impact on the company thus far, we believe there could be a
more pronounced impact on the company in 2019 if tariffs are
implemented at the 25% level despite the company being primarily a
North American manufacturer. The company has a price setting
process that occurs once a year, which has made it challenging to
offset the 2018 cost inflation. However, the company has announced
significant price increases for 2019 across all its products, which
should lead to better profitability assuming constant demand.

"While we expect the company to reduce leverage below 5x over the
next 12 months as price increases offset the significant cost
inflation affecting the business, the negative outlook reflects the
risk of further deterioration in operating performance, continued
higher-than-expected leverage, and a potential covenant breach in
the second half of 2019.

"We could lower the rating in the first quarter of 2019 if we
forecast the company will breach its senior secured net leverage
covenant or maintain less than 5% cushion when it steps down in
June 2019. Even if the company does not breach its covenant, we
could also lower the rating if profitability does not improve and
we no longer see a clear path for the company to reduce adjusted
leverage below 5x on a sustained basis or free cash flow remains
negative through 2019. Factors that could lead to a covenant breach
or higher sustained leverage include inability to offset cost
inflation through price increases or the inability to return to
topline growth driven by continued delayed remodeling projects or
continued softness in the multifamily market.

"We could revise the outlook to stable if the company reduces
leverage below 5x on a sustained basis with a clear path to below
4.5x and we forecast the company will maintain at least 15% cushion
under its net leverage covenant on a sustained basis."


BURGER BOSSCO: S&P Lowers ICR to 'CCC+' on Weak Performance
-----------------------------------------------------------
On Dec. 11, 2018, S&P Global Ratings lowered Burger BossCo's issuer
credit rating to 'CCC+' from 'B-'.

S&P said, "At the same time, we lowered the issue-level rating on
the company's secured first-lien credit facility to 'CCC+' from
'B-'. The recovery rating on the facility is '3'.  The negative
outlook reflects our view that Burger BossCo's capital structure
appears to be unsustainable at its current 10x leverage, with
elevated risk of a covenant breach absent an equity cure or
amendment.

"The Burger Boss Co's downgrade reflects our expectation that the
company's rapidly weakening operating performance makes it
vulnerable to favorable business and financial conditions to meet
its financial commitments. Leverage by Burger Boss Co.'s bank
definition was just under 7.0x in the latest third quarter ended
Sept. 10, 2018, for a 10% EBITDA cushion relative to its 7.75x
covenant.

"The negative outlook reflects our expectation that operating
performance will remain weak given challenged customer traffic amid
intense competition in the burger QSR space.  In our view, weak
performance will further burden Burger BossCo's interest coverage
and leverage ratios and increase risk of a leverage covenant breach
without a turn around in traffic and profitability.

"We could lower the rating if we envision a specific default
scenario over the next 12 months, including a near-term liquidity
crisis or violation of financial covenants. This could arise if we
thought the company would undertake a distressed exchange or if
near-term liquidity worsened, perhaps because of an inability to
maintain access to the revolver.

"While unlikely in view of performance trends, we could revise the
outlook back to stable or raise the rating if the company's
performance improves and remains consistent with leverage improving
to around 7x, and we no longer view the capital structure as
unsustainable."


BURLINGTON STORES: S&P Raises ICR to 'BB+', Outlook Stable
----------------------------------------------------------
S&P Global Ratings raises the issuer credit rating of Burlington
Stores Inc. to 'BB+' from 'BB'. The outlook is stable.

S&P said, "The upgrade reflects our view that credit metrics will
improve over the next 12 months, resulting in leverage in the
mid-2x area and funds from operations (FFO) to debt in the high-20%
area. We expect solid profit growth over that period as
Burlington's value proposition and on-trend merchandise selection
continue to resonate with consumers, enabling the company to gain
market share in categories such as home, beauty, toys, and baby
apparel. We also believe that the Toys R Us liquidation and store
closures throughout the retail industry present attractive growth
opportunities for Burlington to sustain healthy new store openings
and to shift its store mix to more efficient, smaller formats. We
expect new store expansion in the sector to be supported by ample
availability of closeout merchandise, as well as an increasing
percentage of goods designed exclusively for the off-price
channel.

"The stable outlook incorporates our expectation for solid
execution on real estate and merchandise strategies to support
steady improvement in credit metrics over the next year. We expect
excess cash flows will be used to fund shareholder initiatives
without incurring material additional debt. Our forecast shows
leverage in the mid-2x area in the next year.

"We could lower the rating if credit metrics are weaker than
expected, including debt to EBITDA above 3x on a sustained basis.
This could happen if EBITDA falls short of our projection due to
merchandise missteps, unsuccessful store expansion, or product
shortage. This could occur if we expect sales to increase in the
low- to mid–single-digit percent range in 2019 (compared with our
forecast for high-single-digit growth), and EBITDA margin to
decline about 100 basis points (bps). We could also lower the
rating if the company adopts a more aggressive financial policy,
resulting in debt-funded share repurchases that cause leverage to
increase to our downgrade threshold.

"We could raise the rating if Burlington continues to strengthen
its competitive standing, while maintaining a clearly stated
financial policy that supports leverage below 3x on a sustained
basis. This could happen if the company continues to improve store
productivity by increasing the mix of more efficient, smaller
format stores in its fleet. We would also expect the company to
improve its market position further by prudently expanding its
store base and consistently delivering merchandise that resonates
with the consumer."



CALLAWAY GOLF: S&P Assigns BB- Issuer Credit Rating, Outlook Stable
-------------------------------------------------------------------
S&P Global Ratings assigns its 'BB-' issuer credit rating to
Callaway.

S&P also assigns its 'BB-' issue-level rating and '3' recovery
rating to the proposed term loan. S&P's '3' recovery rating
reflects its expectation for meaningful (50%-70%; rounded estimate:
65%) recovery for lenders in the event of a default.

Carlsbad, Calif.-based golf equipment manufacturer Callaway Golf
Co. (Callaway) plans to acquire Germany-based outdoor apparel,
footwear, and equipment company Jack Wolfskin using the proceeds
from a proposed $476 million senior secured term loan B.

The 'BB-' rating on Callaway primarily reflects moderate leverage,
the company's participation in the highly competitive golf
equipment industry, the discretionary nature of golf equipment
sales, relatively high profit volatility, and limited revenue
visibility. The golf market is mature and has faced challenging
participation trends over the last decade. The company's planned
acquisition of Jack Wolfskin could increase volatility of its
earnings as S&P views the lifestyle and outdoor apparel markets as
very competitive and fragmented. In addition, there is some
integration risk related to the proposed acquisition. However, the
company benefits from a strong brand and leading market share in
the golf equipment industry, a track record of successful new
product introductions over the last several years, and good
geographic diversification.

S&P said, "The stable outlook reflects our expectation that the
company will achieve modest performance gains as it benefits from
its good market position in the golf industry and that the company
will smoothly integrate the planned acquisition, while maintaining
debt leverage at or below 3x.  

"We could consider a higher rating once we are confident that
Callaway will successfully integrate Jack Wolfskin while achieving
modest sales growth for the brand without materially higher
investment spending than we currently expect. Higher ratings are
also dependent on Callaway exercising financial discipline by
proactively repaying debt and reducing leverage to under 3x by
2020.

"We could consider lower ratings if we believe Callaway will
sustain lease-adjusted debt to EBITDA at or above the high-3x area,
which would likely result from significantly higher-than-expected
investments required at Jack Wolfskin, or if the company makes
additional debt-financed acquisitions before building in additional
leverage capacity."


CAMBER ENERGY: Pro Forma Stockholders' Equity Tops $6M as of Dec. 4
-------------------------------------------------------------------
Camber Energy, Inc. reported unaudited pro forma stockholders'
equity, as of Dec. 4, 2018, of over approximately $8 million, which
exceeds the $6 million minimum amount of stockholders' equity the
Company is required to maintain pursuant to Sections 1003(a)(i)
through (iii) of the NYSE American Company Guide.

On Aug. 3, 2017, the Company received notice from the NYSE American
that the Company was not in compliance with Sections 1003(a)(i)
through (iii) of the Guide because it had (i) stockholders' equity
of less than $2,000,000 and sustained losses from continuing
operations and/or net losses in two of its three most recent fiscal
years; (ii) stockholders' equity of less than $4,000,000 and
sustained losses from continuing operations and/or net losses in
three of the Company's four most recent fiscal years; and (iii)
stockholders' equity of less than $6,000,000 and sustained losses
from continuing operations and/or net losses in the Company's five
most recent fiscal years.

The Company subsequently submitted a plan to the NYSE American
detailing the steps it planned to take to gain compliance with the
Guide (i.e., raise its stockholders' equity above $6 million), and
currently has until Dec. 15, 2018, under such plan, to gain such
compliance, provided that the Company anticipates the NYSE American
extending that deadline through Feb. 3, 2019, later this week or
early next week.

Notwithstanding the Company's estimated pro forma stockholders'
equity, pursuant to the rules of the NYSE American, in order to
demonstrate compliance with the continued listing standards of the
NYSE American prior to the end of the Company's compliance plan
period, the Company must meet or exceed the requirements of
Sections 1003(a)(i) through (iii) of the Guide for a period of two
consecutive quarters (i.e., for two consecutive periodic reports).
Otherwise, the Company must demonstrate such compliance at the end
of the plan period.

As the Company has not, and will not, have two consecutive period
report filings showing compliance with Sections 1003(a)(i) through
(iii) of the Guide prior to the end of the plan period (as
extended), the Company anticipates having to wait until the end of
the plan period (as extended), in order to receive formal approval
by the NYSE American of its re-compliance with the applicable
continued listing standards, assuming that it continues to maintain
stockholders' equity over $6 million through the end of such
compliance period (as extended) and meet the other continued
listing standards of the NYSE American.

Notwithstanding the above, the NYSE American has not yet formally
extended the Company's compliance plan period, and/or confirmed its
re-compliance with Sections 1003(a)(i) through (iii) of the Guide
(which re-compliance can only be confirmed at the end of the plan
period, as extended), the Company is currently not in compliance
with the NYSE American continued listing standards (including
Sections 1003(a)(i) through (iii) of the Guide and Section
1003(f)(v) of the Guide, because its securities have been selling
for a low price per share for a substantial period of time), and if
the Company is not in compliance with the continued listing
standards by Dec. 15, 2018 (or Feb. 3, 2019, assuming the plan
period is extended by the NYSE American), or if the Company does
not make progress consistent with the plan during the plan period,
and/or if the Company becomes non-compliant with any of the other
listing requirements of the NYSE Regulation during such plan period
(including low priced stock requirements, which the Company has
previously received notice it is not in compliance with), the NYSE
Regulation staff may initiate delisting proceedings as
appropriate.

                        About Camber Energy
   
Based in San Antonio, Texas, Camber Energy, Inc. (NYSE American:
CEI) -- http://www.camber.energy/-- is an independent oil and gas
company engaged in the development of crude oil, natural gas and
natural gas liquids in the Hunton formation in Central Oklahoma in
addition to anticipated project development in the Texas
Panhandle.

Camber Energy reported a net loss of $24.77 million for the year
ended March 31, 2018, compared to a net loss of $89.12 million for
the year ended March 31, 2017.  As of Sept. 30, 2018, the Company
had $6.98 million in total assets, $4.69 million in total
liabilities, and $2.29 million in total stockholders' equity.

GBH CPAs, PC's audit opinion included in the company's Annual
Report on Form 10-K for the year ended March 31, 2018 contains a
going concern explanatory paragraph stating that the Company has
incurred significant losses from operations and had a working
capital deficit as of March 31, 2018.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


CANBRIAM ENERGY: S&P Lowers ICR to 'CCC-', Off Watch Negative
-------------------------------------------------------------
S&P Global Ratings lowered its long-term issuer credit and senior
unsecured debt ratings on Canbriam Energy Inc. to 'CCC-' from 'B-'
and removed the ratings from CreditWatch, where they were placed
with negative implications on July 30, 2018.

The downgrade reflects S&P Global Ratings' view that Canbriam could
face a liquidity crisis within the next six months if it cannot
raise sufficient cash through asset sales or external financing to
address at least one of its 2019 maturities. Canbriam's 2019
maturities include C$80 million (as of Sept. 30, 2018) outstanding
under its credit facility due April 30, 2019, and US$350 million
senior unsecured notes due Nov. 15, 2019. If the company redeems or
refinances the US$350 million notes on or before April 30, 2019,
the credit facility maturity date will be extended and convert back
to a 364-day revolving period.
Consequently, in S&P's view Canbriam needs to repay either the C$80
million balance on the revolver or the full principal of the US$350
million notes to avoid a default scenario within the next six
months.

S&P said, "Based on our forecast of negative free operating cash
flow, we believe Canbriam will have to rely on asset sales or
external financing to generate enough liquidity to meet either one
of its 2019 maturities by April 30. Persistently weak market
conditions for Canadian natural gas producers create an
unsupportive environment for executing transactions at acceptable
terms and within a reasonable timeframe. Therefore, we believe
there is material risk to Canbriam raising sufficient sources of
liquidity to meet obligations in 2019. In our opinion, the company
depends on favorable business, financial, and economic conditions
to avoid a default scenario within the next six months.

"The negative outlook reflects our view that Canbriam could face a
liquidity crisis within the next six months, given our forecast
shortfall of liquidity sources available to repay the revolving
bank debt due April 30, or senior unsecured notes due Nov. 15,
2019. The company needs to repay or refinance the US$350 million
notes by April 30, 2019, to extend the maturity date and avoid
losing access to the credit facility. Given our forecast of
negative free operating cash flow, we believe Canbriam will be
unable to repay the notes without external financing or raising
proceeds from asset sales. As a result, the company is at risk of
undergoing a restructuring under terms that we would view as
distressed.

"We could lower the ratings if Canbriam announces an exchange offer
with 2019 noteholders under terms we consider distressed. We could
also lower the ratings if the company cannot extend the maturity
date of its credit facility beyond April 30 and cannot pay off the
full drawn balance when it becomes due. We believe the minimal
amount of liquidity sources available to repay 2019 debt maturities
could expose Canbriam to a default scenario within the next six
months.

"We could raise the ratings if the company's liquidity profile
improves to a level where forecast sources of cash are not in a
deficit relative to uses. We would expect Canbriam's liquidity
position to improve materially if it can secure sufficient capital
to repay its US$350 senior unsecured notes on or before April 30,
and thereby retain ongoing access to its credit facility. This
could occur if the company issues new equity or debt, or generates
cash through asset dispositions."


CARDEL MASTER: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 cases of Cardel Master Builder, Inc. and Cardel
Clocktower Limited Partnership as of Dec. 12, according to a court
docket.

                  About Cardel Master Builder and
                         Cardel Clocktower

Cardel Master Builder, Inc., is a privately-held building
contractor in Centennial, Colorado.  It is wholly owned by Cardel
Construction Ltd., a Canadian corporation.

Cardel Clocktower, LP is a Colorado limited partnership formed in
2009.  Its only business was the development of a condominium and
townhome project known as the Clocktower at Highlands Ranch Town
Center.  The project included the development and construction of
94 townhomes and 224 condominiums.  In 2016, the project was
completed and all townhome and condominium units were sold.

Cardel Master Builder and Cardel Clocktower sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case Nos.
18-18945 and 18-18947) on Oct. 12, 2018.  At the time of the
filing, each debtor estimated assets of $1 million to $10 million
and liabilities of $1 million to $10 million.

The cases have been assigned to Judge Thomas B. McNamara.  

The Debtors tapped Onsager Fletcher Johnson, LLC, as their legal
counsel.


CATALINA MARKETING: Case Summary & 30 Largest Unsecured Creditors
-----------------------------------------------------------------
Operating Debtor: Catalina Marketing Corporation
                  200 Carillon Parkway
                  St. Petersburg, FL 33716

Business Description: Catalina -- https://www.catalina.com -- is a
                      personalized digital media and marketing
                      company that owns and operates a proprietary
                      dual function in-store data-gathering
                      network and promotion-publishing channel.
                      Catalina's customers are some of the world's
                      largest retailers and manufacturers of
                      consumer-packaged goods.  Through the
                      application of its proprietary analytics
                      systems, Catalina uses a shopper purchase
                      database and real-time retailer data to make
                      accurate predictions about shoppers' future
                      purchasing behaviors based on not only
                      historical purchasing behaviors, but also on
                      emerging trends in consumer behavior.
                      Catalina is based in St. Petersburg,
                      Florida, with operations in the United
                      States, Europe and Japan.  Catalina was
                      formed in 1983.

Chapter 11 Petition Date: December 12, 2018

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Eleven affiliates that simultaneously filed voluntary petitions
seeking relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                            Case No.
    ------                                            --------
    Checkout Holding Corp. (Lead Case)                18-12794
    Catalina Marketing Corporation                    18-12795
    Catalina Marketing Procurement, LLC               18-12796
    Catalina Marketing Technology Solutions, Inc.     18-12797
    Catalina Marketing Worldwide, LLC                 18-12798
    Cellfire Inc.                                     18-12799
    Modiv Media, Inc.                                 18-12800
    PDM Group Holdings Corporation                    18-12801
    PDM Holdings Corporation                          18-12802
    PDM Intermediate Holdings A Corporation           18-12803
    PDM Intermediate Holdings B Corporation           18-12804

Judge: Hon. Kevin Gross

Debtors' Attorneys: Mark D. Collins, Esq.
                    Jason M. Madron, Esq.
                    RICHARDS, LAYTON & FINGER, P.A.
                    One Rodney Square
                    920 North King Street
                    Wilmington, Delaware 19801
                    Tel: (302) 651-7700
                    Fax: (302) 651-7701
                    Emails: collins@rlf.com
                            madron@rlf.com

                      - and -

                    Gary T. Holtzer, Esq.
                    Ronit J. Berkovich, Esq.
                    Jessica Liou, Esq.
                    Kevin Bostel, Esq.
                    WEIL, GOTSHAL & MANGES LLP
                    767 Fifth Avenue
                    New York, New York 10153
                    Tel: (212) 310-8000
                    Fax: (212) 310-8007
                    Emails: gary.holtzer@weil.com
                            ronit.berkovich@weil.com
                            jessica.liou@weil.com
                            kevin.bostel@weil.com

Debtors'
Financial
Advisor:            Thomas Ackerman
                    FTI CONSULTING, INC.
                    Three Times Square
                    9th Floor, New York, NY 10036
                    Tel: 212.247.1010
                    Fax: 212.841.9350
                    https://www.fticonsulting.com

Debtors'
Investment
Banker:             CENTERVIEW PARTNERS LLC
                    31 West 52nd Street
                    New York, NY 10019

Debtors'
Claims,
Noticing &
Solicitation
Agent:              PRIME CLERK LLC
                    830 Third Avenue
                    New York, NY 10022
                    https://cases.primeclerk.com

Counsel to the
Consenting First
Lien Lender:        Scott J. Greenberg, Esq.
                    JONES DAY
                    250 Vesey Street
                    New York, NY 10281
                    Email: sgreenberg@jonesday.com

Counsel to the
Consenting Second
Lien Lender:        Brian S. Hermann, Esq.
                    Robert A. Britton, Esq.
                    PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
                    1285 Avenue of the Americas
                    New York, NY 10019
                    Emails: bhermann@paulweiss.com
                            rbritton@paulweiss.com

                      - and -

                    Dan Youngblut, Esq.
                    Email: dyoungblut@paulweiss.com


Estimated Assets
(on a consolidated basis): $1 billion to $10 billion

Estimated Liabilities
(on a consolidated basis): $1 billion to $10 billion

The petition was signed by Shelly Schaffer, executive vice
president & chief financial officer.

A full-text copy of Catalina Marketing's petition is available for
free at http://bankrupt.com/misc/deb18-12795.pdf

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Crescent Mezzanine Partners         Holdco Notes     $200,315,180
Attn.: Daniel Honeker
1251 Avenue of the Americas
Suite 4700
New York, NY 10020
Tel: (212) 364‐0200
Email: Daniel.Honeker@crescentcap.com

NPS/Crescent Strategic Partnership  Holdco Notes      $85,133,951
Attn.: Daniel Honeker
1251 Avenue of the Americas
Suite 4700
New York, NY 10020
Tel: (212) 364‐0200
Email: Daniel.Honeker@crescentcap.com

AlpInvest Partners Mezzanine        Holdco Notes      $50,078,795
Co‐Investments
Attn.: Cameron Fairall
630 Fifth Avenue
New York, NY 10111
Tel: (212) 332‐6240
Email: cameron.fairall@alpinvest.com

GoldPoint Mezzanine Partners        Holdco Notes      $48,409,502
Attn.: Thomas Haubenstricker
51 Madison Avenue
New York, NY 10010
Tel: (212) 576‐6500
Email: thaubenstricker@goldpointpartners.com

Nielsen Catalina Solutions              Trade          $3,479,147
Attn.: Matt O'Grady
500 Fifth Avenue, 56th floor
New York, NY 10110
Tel: (513) 488‐8333
Email: NCSfinance@ncsolutions.com

Epson America Inc.                       Trade         $2,278,354
Attn.: Antonia Legaspi
3840 Kilroy Airport Way
Long Beach, CA 90806
Tel: (800) 463‐7766
Email: antonia.legaspi@ea.epson.com

4Info, Inc.                              Trade         $2,230,371
Attn.: Ed Koenig
155 Bovet Road, Suite 200
San Mateo, CA 94402
Tel: (650) 350‐4747
Email: ekoenig@4info.com

Bain & Company, Inc.                 Professional      $1,800,000
Attn.: Sarah Solomon                   Services
131 Dartmouth St
Boston, MA 02216
Tel: (617) 572‐2000
Email: sarah.solomon@bain.com

Mindtree Limited                         Trade          $1,000,287
Attn.: Jayaprakash Nayak
25 Independence Blvd., Suite 401
Warren NJ 7059
Tel: (201) 301‐5374
Email: mailto:Jayaprakash.SN@mindtree.com

Inmar DigItal Promotions Network, Inc.   Trade            $917,345
635 Vine Street
Attn.: Mark McClelland
Winston‐Salem, NC 27101
Attn.: Mark McClelland
Tel: (800) 765‐1277
Email: mark.mcclelland@inmar.com

CDW Direct                               Trade            $827,420
Attn.: Michael Fabianski
200 N Milwaukee Ave
Vernon Hills, IL 60061
Tel: (813) 574‐5454
Email: michfab@cdw.com

Andy Heyman                            Severance          $680,770

Presidio Networked Solutions LLC         Trade            $619,183
Attn.: Mike Deeb
12120 Sunset Hills Road, Suite 202
Reston, VA 20190
Tel: (813) 416‐6916
Email: mdeeb@presidio.com

Pomeroy IT Solutions Sales Company       Trade            $580,944
Inc. dba Getronics
Attn.: David Halbig
1020 Petersburg Road
Hebron, KY 41048
Tel: (859) 586‐0600
Email: david.halbig@pomeroy.com

Contec Americas, Inc.                    Trade            $541,615

Attn.: Brad Jens
1601 Cloverfield Blvd, #620S
Santa Monica, CA 90404
Tel: (321) 821‐7059
Email: brad.jens@dtx.com

Open Insights, LLC                       Trade            $530,206
Attn.: Lena Estatieh
P.O. Box 50507
Bellevue, WA 98015
Tel: (206) 256‐2029
Email: lena@open‐insights.com

Beeswax IO Corporation                   Trade            $507,690
Attn.: Ari Paparo
149 5th Avenue, Floor 3
New York, NY 10010
Tel: (917) 576‐1488
Email: ari@beeswax.com

Todd Morris                            Severance          $499,359

GlobalLogic, Inc                         Trade            $470,663
Attn.: Chidu Nachiappan
1741 Technology Drive, 4th Floor
San Jose, CA 95110
Tel: (425) 628‐9738
Email: chidu.nachiappan@globallogic.com

Gregory Mann                           Severance          $432,692

Partegra LLC                             Trade            $391,435
Attn.: Anthony Siracuse
321 E. Exchange Pkwy.
Allen, TX 75002
Tel: (214) 644‐6123
Email: asiracuse@partegra.com

Ray Lewis                              Severance          $369,230

Ben Sprecer                            Severance          $242,307

Advanced Systems                         Trade            $240,648
Attn.: Tippi Leska
15373 Roosevelt Blvd., Suite 200
Clearwater, FL 33760
Tel: (727) 539‐8054
Email: tippi.leska@advsys.us

Trintas, LLC                             Trade            $240,528
Attn.: Anthony Siracuse
321 E. Exchange Pkwy.
Allen, TX 75002
Tel: (214)644‐6123
Email: asiracuse@trintas.com

Genpact International Inc.            Professional        $211,270
Attn.: Bhava Kompala                    Services
1000 Hawkins Blvd., Suite A
El Paso, TX 79915
Tel: (847) 668‐6749
Email: Bhava.Kompala@genpact.com

Celtra, Inc.                              Trade           $154,811
Attn.: Mark Dorman
545 Boylston Street, 11th Floor
Boston, MA 02116
Tel: (617) 401‐2262
Email: Mark.dorman@celtra.com

United Parcel Service                     Trade           $151,201
Attn.: Trevor Grech
P.O. Box 7247‐0244
Philadelphia, PA 19170
Attn.: Trevor Grech
Tel: (941) 686‐6203
Email: tgrech@ups.com

Veredus Corp                              Trade           $147,457
Attn.: Andy Stenler
4300 West Cypress Street, Suite 900
Tampa, FL 33607
Tel: (813) 293‐9360
Email: Andy.Stenler@hays.com

Mark Davies                             Severance         $136,950


CATALINA MARKETING: Files Ch. 11 After Reaching Deal With Lenders
-----------------------------------------------------------------
Catalina Marketing Corp. on Dec. 12, 2018, said it has reached an
agreement with more than 90% of the company's first lien lenders
and more than 75% of the company's second lien lenders on the terms
of a restructuring support agreement to effectuate a balance sheet
restructuring.  The agreement will allow Catalina to significantly
enhance its financial flexibility, reducing its debt by
approximately $1.6 billion and positioning the company for
long-term success.

To implement the pre-packaged restructuring transaction, the
company has filed voluntary petitions to restructure under Chapter
11 of the United States Bankruptcy Code in the United States
Bankruptcy Court for the District of Delaware.  Catalina's
operations outside of the U.S. are not part of the Chapter 11
filing.

Catalina expects all operations -- both in the U.S. and overseas --
to continue as usual throughout the restructuring process.  There
will be no interruption in Catalina's ability to serve its
customers.  The company has received a commitment for $125 million
in new money debtor-in-possession financing from an ad hoc group of
first lien lenders, which, subject to court approval, will be
available to support the company's operations during the
restructuring process.  In addition, the ad hoc group of first lien
lenders has also agreed to provide an additional $40 million in
exit financing to support the company's operations upon
consummation of the restructuring.  With the support of the
majority of its first lien and second lien lenders, the company
expects to complete the pre-negotiated, court-supervised process
expeditiously.

"T[he] announcement represents a significant step forward in
transforming our business because it enables us to accelerate
investments in technology, advanced analytics, data science and
talent to strengthen our core capabilities and enable new data-
driven solutions for our customers," said Jerry Sokol, President
and Chief Executive Officer of Catalina.  "After carefully
evaluating our options, we determined that a court -- supervised
restructuring is the best way to strengthen our financial position
for the long term.  Through this process, we expect to reduce the
company's debt by more than 75 percent, giving Catalina a stronger
financial foundation."

Mr. Sokol continued, "Catalina has strong operations, solid cash
flow and adequate liquidity, and we remain focused on continuing to
solve customer challenges.  We appreciate the strong support of our
customers, the cooperation of our business partners and, above all,
the continued dedication of our employees as we move through this
process.  We look forward to serving our customers as normal
throughout this process, and to emerging as an even stronger
company, better positioned for the future."

Catalina has filed a number of customary motions with the court
seeking authorization to support its operations during the
restructuring process.  These include authority to continue payment
of employee wages and benefits without interruption.  The company
intends, subject to court approval, to pay vendors and suppliers in
full under normal terms for goods and services provided prior to
and after the filing date.  Catalina is confident it will receive
court approval for all these requests.

Additional information is available at Catalina's restructuring Web
site at http://www.catalinarestructuring.com/ Court filings and
information about the claims process are available at
http://cases.primeclerk.com/Catalina,by calling the company's
claims agent, Prime Clerk, toll-free at 844-205-4337 or local at
917-460-0912 or emailing catalinateam@primeclerk.com.

                          About Catalina

Catalina Marketing Corp. -- https://www.catalina.com/ -- is a
personalized digital media and marketing company that owns and
operates a proprietary dual function in-store data-gathering
network and promotion-publishing channel.  Catalina's customers are
some of the world's largest retailers and manufacturers of
consumer-packaged goods.  Through the application of its
proprietary analytics systems, Catalina uses a shopper purchase
database and real-time retailer data to make accurate predictions
about shoppers' future purchasing behaviors based on not only
historical purchasing behaviors, but also on emerging trends in
consumer behavior.  Formed in 1983, Catalina is based in St.
Petersburg, Florida, with operations in the United States, Europe
and Japan.

In 2007, entities affiliated with Hellman & Friedman LLC, a private
equity firm with a focus on information services and media, through
its wholly owned subsidiary, Checkout Holding Corp., acquired
Catalina.  In 2014, funds affiliated with Berkshire Partners LLC, a
Boston-based investment firm and certain third-party co-investors,
acquired a controlling interest in Catalina.  Berkshire currently
holds 40.71% of all the outstanding common stock of Catalina's
ultimate parent PDM Group Holdings.

Catalina Marketing Corporation and 10 affiliates, including parent
Checkout Holding Corp., sought Chapter 11 protection on Dec. 12,
2018 with a prepackaged plan that would reduce debt by $1.6
billion.  The lead case is In re Checkout Holding Corp. (Bankr. D.
Del. Case No. 18-12794).

Catalina disclosed funded debt of $1.9 billion as of the bankruptcy
filing.  Assets are in the range of $1 billion to $10 billion.

The Hon. Kevin Gross is the case judge.

Weil, Gotshal & Manges LLP is serving as legal counsel, Centerview
Partners LLC is serving as financial advisor and FTI Consulting is
serving as restructuring advisor to Catalina.  Richards, Layton &
Finger, P.A., is the local counsel.  Prime Clerk LLC is the claims
agent.

Jones Day is counsel to the Consenting First Lien Lenders.

Paul, Weiss, Rifkind, Wharton & Garrison LLP is counsel to the
Consenting Second Lien Lenders.


CATALINA MARKETING: First Lien Lenders to Get 90% of Stock
----------------------------------------------------------
Catalina Marketing and its affiliated debtors will seek
confirmation of a Prepackaged Plan of Reorganization that provides
that :

  * In full and final satisfaction of their prepetition claims, the
first lien lenders owed $55 million on a first lien revolver and
$1.02 billion on a first lien term loan will receive their pro rata
share of 90% of the equity (the "New Common Stock") in the
reorganized Debtors, subject to dilution by a contemplated
management incentive plan.  Estimated recovery: 17.4% to 43.6%

   * The Second Lien Lenders owed $460 million on a second-lien
term loan will receive their pro rata share of 10% of the New
Common Stock, subject to dilution by a contemplated management
incentive plan. Estimated Recovery: 3.8% to 9.5%

   * Allowed general unsecured claims will be paid in the ordinary
course and will be otherwise unimpaired, subject to all of
Catalina's rights, defenses, or any other entitlements with respect
thereto.  Estimated recovery: 100%

   * Holders of claims arising under unsecured notes with $384
million outstanding issued by PDM Intermediate Holdings B
Corporation will not receive a recovery under the Prepackaged Plan.
PDM is a holding company, the only asset of which is the stock in
its wholly owned subsidiary, and the HoldCO notes are structurally
subordinated to the operating Debtors' creditors with respect to
all of the assets of such Debtors.  Estimated recovery: 0%

   * If the Debtors reject the Limited Liability Company Agreement
dated June 29, 2009 (as amended on October 15, 2015, the "NCS
Agreement"), with The Nielsen Company (US), LLC, any holder of
claims arising out of such rejection will not receive a recovery
under the Prepackaged Plan.  Estimated Recovery: 0%

   * The existing equity interests of the Debtors will be cancelled
and holders of those interests won't receive anything on account of
those interests.  Estimated recovery: 0%

A copy of the Disclosure Statement explaining the terms of the Plan
is available at:

          http://bankrupt.com/misc/Catalina_12_DS.pdf

                          About Catalina

Catalina Marketing Corp. -- https://www.catalina.com/ -- is a
personalized digital media and marketing company that owns and
operates a proprietary dual function in-store data-gathering
network and promotion-publishing channel.  Catalina's customers are
some of the world's largest retailers and manufacturers of
consumer-packaged goods.  Through the application of its
proprietary analytics systems, Catalina uses a shopper purchase
database and real-time retailer data to make accurate predictions
about shoppers' future purchasing behaviors based on not only
historical purchasing behaviors, but also on emerging trends in
consumer behavior.  Formed in 1983, Catalina is based in St.
Petersburg, Florida, with operations in the United States, Europe
and Japan.

In 2007, entities affiliated with Hellman & Friedman LLC, a private
equity firm with a focus on information services and media, through
its wholly owned subsidiary, Checkout Holding Corp., acquired
Catalina.  In 2014, funds affiliated with Berkshire Partners LLC, a
Boston-based investment firm and certain third-party co-investors,
acquired a controlling interest in Catalina.  Berkshire currently
holds 40.71% of all the outstanding common stock of Catalina's
ultimate parent PDM Group Holdings.

Catalina Marketing Corporation and 10 affiliates, including parent
Checkout Holding Corp., sought Chapter 11 protection on Dec. 12,
2018 with a prepackaged plan that would reduce debt by $1.6
billion.  The lead case is In re Checkout Holding Corp. (Bankr. D.
Del. Case No. 18-12794).

Catalina disclosed funded debt of $1.9 billion as of the bankruptcy
filing.  Assets are in the range of $1 billion to $10 billion.

The Hon. Kevin Gross is the case judge.

Weil, Gotshal & Manges LLP is serving as legal counsel, Centerview
Partners LLC is serving as financial advisor and FTI Consulting is
serving as restructuring advisor to Catalina.  Richards, Layton &
Finger, P.A., is the local counsel.  Prime Clerk LLC is the claims
agent.

Jones Day is counsel to the Consenting First Lien Lenders.

Paul, Weiss, Rifkind, Wharton & Garrison LLP is counsel to the
Consenting Second Lien Lenders.


CATALINA MARKETING: Plan to Reduce Funded Debt by $1.6 Billion
--------------------------------------------------------------
Catalina Marketing said in court filings that it has commenced
Chapter 11 cases to implement a negotiated, comprehensive,
consensual restructuring of its balance sheet with its primary
lenders, which restructuring will meaningfully deleverage its
balance sheet by over $1.6 billion in debt, representing an 85%
reduction in principal amount of funded debt.

Additionally, certain of Catalina's prepetition first lien lenders
have also agreed, subject to the Court's approval, to provide a
$281 million debtor-in-possession credit facility, of which $125
million provides additional incremental liquidity to help fund the
costs of the Restructuring, as well as an additional $40 million of
incremental liquidity in the form of an exit facility.

Catalina's creditors throughout its capital structure
overwhelmingly support the terms of the restructuring, which are
set forth in greater detail in the Joint Prepackaged Chapter 11
Plan of Reorganization of Checkout Holding, Corp. and its
affiliated Debtors.

Pursuant to a Restructuring Support Agreement, the holders of more
than 90% of Catalina's prepetition first lien debt and the holders
of more than 75% of Catalina's second lien debt have agreed,
subject to the terms and conditions of the RSA, to vote in favor of
the Prepackaged Plan.

To reap the full benefits of the Restructuring, the Debtors must
exit the Chapter 11 Cases quickly.  The Debtors have agreed under
the RSA to use reasonable best efforts to meet certain milestones
for the restructuring process set forth in the RSA, including (i)
confirmation of the Prepackaged Plan by no later than 125 days
after the Petition Date and (ii) the Prepackaged Plan becoming
effective no later than 140 days after the Petition Date.

To minimize the impact of the Chapter 11 Cases on their businesses,
the Debtors began soliciting votes on the Prepackaged Plan before
filing their chapter 11 petitions for relief.  On December 11,
2018, the Debtors served the Disclosure Statement for Joint
Prepackaged Chapter 11 Plan of Checkout Holding Corp. and Its
Affiliated Debtors pursuant to sections 1125 and 1126(b) of the
Bankruptcy Code on holders of impaired claims entitled to vote and
have requested the voting creditors to submit their ballots by Jan.
23, 2019 (Prevailing Eastern Time). Further, the Debtors have
requested that the Bankruptcy Court schedule a combined hearing to
approve the Disclosure Statement and confirm the Prepackaged Plan
on January 30, 2019, at 10:00 a.m. (Prevailing Eastern Time).

The Debtors expect that the votes tabulated and received from the
voting creditors will, consistent with the RSA, overwhelmingly
support confirmation of the Prepackaged Plan.

                        Capital Structure

As of the Petition Date, the Debtors have outstanding funded debt
obligations consisting of approximately $1.9 billion:

   * As of the Petition Date, approximately $1.019 billion is
outstanding under a first-lien term loan facility and $56 million
is outstanding under a first-lien revolving credit facility
provided by JPMorgan Chase Bank, N.A., as administrative and
collateral agent (the "First Lien Agent"), L/C Issuer and Swing
Line Lender, and the other lender parties thereto (collectively,
the "First Lien Lenders").

   * Approximately $472 million of principal, plus interest, fees
and expenses is outstanding under a second-term loan provided by
Wilmington Savings Fund Society, FSB, as administrative agent and
collateral agent (the "Second Lien Agent"), and the other lender
parties thereto (collectively, the "Second Lien Lenders")

   * approximately $384 million of principal, plus interest, fees
and expenses is outstanding under unsecured notes (the "HoldCo
Notes") issued by PDM Intermediate Holdings B Corporation under a
Note Purchase Agreement, dated as of April 9, 2014.

The effect of the restructuring on the Debtors' capital structure
is summarized as follows:

                  Pre-Petition Capital Structure

        First Lien Revolver                 $55 million
        First Lien Term Loan              $1.02 billion
        Second Lien Term Loan              $460 million
        Unsecured Holdco Notes             $384 million
                                          -------------
         Total:                    Approx. $1.9 billion

                  Reorganized Capital Structure

        A&R First-Out Tranche              $125 million
        A&R Last-Out Tranche               $156 million
                                          -------------
          Total:                   Approx. $281 million

                          About Catalina

Catalina Marketing Corp. -- https://www.catalina.com/ -- is a
personalized digital media and marketing company that owns and
operates a proprietary dual function in-store data-gathering
network and promotion-publishing channel.  Catalina's customers are
some of the world's largest retailers and manufacturers of
consumer-packaged goods.  Through the application of its
proprietary analytics systems, Catalina uses a shopper purchase
database and real-time retailer data to make accurate predictions
about shoppers' future purchasing behaviors based on not only
historical purchasing behaviors, but also on emerging trends in
consumer behavior.  Formed in 1983, Catalina is based in St.
Petersburg, Florida, with operations in the United States, Europe
and Japan.

In 2007, entities affiliated with Hellman & Friedman LLC, a private
equity firm with a focus on information services and media, through
its wholly owned subsidiary, Checkout Holding Corp., acquired
Catalina.  In 2014, funds affiliated with Berkshire Partners LLC, a
Boston-based investment firm and certain third-party co-investors,
acquired a controlling interest in Catalina.  Berkshire currently
holds 40.71% of all the outstanding common stock of Catalina's
ultimate parent PDM Group Holdings.

Catalina Marketing Corporation and 10 affiliates, including parent
Checkout Holding Corp., sought Chapter 11 protection on Dec. 12,
2018 with a prepackaged plan that would reduce debt by $1.6
billion.  The lead case is In re Checkout Holding Corp. (Bankr. D.
Del. Case No. 18-12794).

Catalina disclosed funded debt of $1.9 billion as of the bankruptcy
filing.  Assets are in the range of $1 billion to $10 billion.

The Hon. Kevin Gross is the case judge.

Weil, Gotshal & Manges LLP is serving as legal counsel, Centerview
Partners LLC is serving as financial advisor and FTI Consulting is
serving as restructuring advisor to Catalina.  Richards, Layton &
Finger, P.A., is the local counsel.  Prime Clerk LLC is the claims
agent.

Jones Day is counsel to the Consenting First Lien Lenders.

Paul, Weiss, Rifkind, Wharton & Garrison LLP is counsel to the
Consenting Second Lien Lenders.


CATALINA MARKETING: To Scrap Nielsen Agreement Absent Changes
-------------------------------------------------------------
Catalina Marketing Corp., which has sought Chapter 11 bankruptcy
protection, said that one of the factors that contributed to its
recent challenges is its relationship with The Nielsen Company
(US), LLC.  Catalina believes that certain amendments are needed to
a joint venture agreement with Nielsen to bolster Catalina's
competitiveness.

In June 2009, Catalina partnered with Nielsen to form NC Ventures,
LLC d/b/a Nielsen Catalina Solutions ("NCS" or the "Joint
Venture"), which combined Catalina's shopper data with Nielsen’s
media consumption panels to provide a novel form of marketing
analytics to customers.

Using retailer data sublicensed by Catalina and television and
digital audience measurement data licensed by Nielsen, NCS provides
a variety of analytics services related to the measurement and
effectiveness of digital, television, and radio marketing
campaigns. Catalina and Nielsen receive quarterly dividend payments
from NCS according to the terms of that certain Limited Liability
Company Agreement dated June 29, 2009 (as amended on October 15,
2015, the "NCS Agreement").  In 2015, CMC sold 13.5% of its
membership interest in NCS to Nielsen, such that its current
interest in NCS is 36.5%.

"[In] many instances, Catalina's business relationship with NCS has
negatively impacted its growth and caused it to incur additional
expenses as it relates to digital audiences," Catalina said in the
disclosure statement explaining the terms of its bankruptcy-exit
plan.

Now, Catalina believes that certain amendments are needed to the
NCS Agreement to bolster Catalina's competitiveness.

FTI Consulting, Inc. managing director Robert A. Del Genio, who has
advised Catalina since August 2018, said in court filings that
Catalina is currently in negotiations with Nielsen over the terms
of such amendments and believes that the parties can reach a
consensual resolution with Nielsen during the Chapter 11 cases.

According to Mr. Genio, in the event that no resolution is reached,
Catalina will have no choice but to reject the NCS Agreement while
negotiations continue.  If the NCS Agreement is ultimately
rejected, given the nature and value of Catalina's assets, Nielsen
will receive no recovery on its claims under the Prepackaged Plan
that Catalina is seeking to be confirmed by the Court.

Among the milestones in the restructuring support agreement signed
by the first lien and second lien lenders are deadlines relating to
NCS.  The Debtors are required to either (i) enter into amendments
to the NCS JV Agreement or reject the NCS JV Agreements within 30
calendar days after the Petition Date.

                          About Catalina

Catalina Marketing Corp. -- https://www.catalina.com/ -- is a
personalized digital media and marketing company that owns and
operates a proprietary dual function in-store data-gathering
network and promotion-publishing channel.  Catalina's customers are
some of the world's largest retailers and manufacturers of
consumer-packaged goods.  Through the application of its
proprietary analytics systems, Catalina uses a shopper purchase
database and real-time retailer data to make accurate predictions
about shoppers' future purchasing behaviors based on not only
historical purchasing behaviors, but also on emerging trends in
consumer behavior.  Formed in 1983, Catalina is based in St.
Petersburg, Florida, with operations in the United States, Europe
and Japan.

In 2007, entities affiliated with Hellman & Friedman LLC, a private
equity firm with a focus on information services and media, through
its wholly owned subsidiary, Checkout Holding Corp., acquired
Catalina.  In 2014, funds affiliated with Berkshire Partners LLC, a
Boston-based investment firm and certain third-party co-investors,
acquired a controlling interest in Catalina.  Berkshire currently
holds 40.71% of all the outstanding common stock of Catalina's
ultimate parent PDM Group Holdings.

Catalina Marketing Corporation and 10 affiliates, including parent
Checkout Holding Corp., sought Chapter 11 protection on Dec. 12,
2018 with a prepackaged plan that would reduce debt by $1.6
billion.  The lead case is In re Checkout Holding Corp. (Bankr. D.
Del. Case No. 18-12794).

Catalina disclosed funded debt of $1.9 billion as of the bankruptcy
filing.  Assets are in the range of $1 billion to $10 billion.

The Hon. Kevin Gross is the case judge.

Weil, Gotshal & Manges LLP is serving as legal counsel, Centerview
Partners LLC is serving as financial advisor and FTI Consulting is
serving as restructuring advisor to Catalina.  Richards, Layton &
Finger, P.A., is the local counsel.  Prime Clerk LLC is the claims
agent.

Jones Day is counsel to the Consenting First Lien Lenders.

Paul, Weiss, Rifkind, Wharton & Garrison LLP is counsel to the
Consenting Second Lien Lenders.


CC LLC: $10.2M Sale of Baymont Inn to Jarvis Approved
-----------------------------------------------------
Judge Michael G. Williamson of the U.S. Bankruptcy Court for the
Middle District of Florida authorized CC, LLC's sale of (i) the
improved real property located at 7601 Black Lake Road, Kissimmee,
Osceola County, Florida known as Baymont Inn & Suites Kissimme; and
(ii) all personal property owned by the Debtor and currently used
in the operation of the real property, to Robert C. Jarvis for
$10.2 million.

The Debtor's and Termination Trustee's Joint Amended Motion to
Approve Sale of Hotel and Personal Property, under the terms and
conditions of the PSA with Jarvis, is granted.

The existing $200,000 presently held in escrow by Kent Runnels,
Esq., may, at the discretion of the Debtor and the Termination
Trustee, be transferred to a newly established DIP Bank Account, to
be opened in accordance with the United States Trustee's guidelines
in an approved Insured Depositary Bank.  

In addition, following closing, the remaining Proceeds of the Sale
-- $10 million less any necessary closing costs and less the Court
approved disbursements, will be accounted for and deposited, in the
exercise of the same discretion, in the Special DIP Account:

     a. The Closing Agent, as defined in the PSA, is authorized to
pay DSH Hotel Investors, its approved commission of 2.5% of the
approved sale price; and

     b. The Closing Agent may disburse to Morse Law firm the Court
approved Administrative Expense of $21,538.

All other proceeds may be held in the Special DIP Account, and no
other disbursements of any kind or in any amount may be made for
any purpose whatsoever, except following appropriate Notice and
Order from the Court.

The sale is free and clear of any other potential claims, rights or
interests whether legal or beneficial (save taxes pro rations) from
the beginning of time through the date of the sale consummation.

The Court has ordered the parties who wish to be heard on the
allocation issues to prepare and submit Briefs by Nov. 19, 2018,
and to appear for Oral Argument on the issues on Dec. 10, 2018 at
1:30 p.m.

The Sale will be consummated forthwith in accordance with the
Parties Purchase and Sale Agreement.

                          About CC, LLC

CC, LLC, doing business as Baymont Inn Suites, Orlando, filed a
Chapter 11 petition (Bankr. M.D. Fla. Case No. 12-03886) on March
16, 2012.  In the petition signed by Kenneth W. Franklin, Jr.,
managing member, the Debtor estimated its assets at $1 million to
$10 million and debt at $10 million to $50 million.  The Debtor
hired Burr and Forman, LLP as counsel.


CELADON GROUP: Releases Letter with CEO Health Update
-----------------------------------------------------
Celadon Group, Inc. (OTCPink: CGIP) issued the following message
from its Chief Executive Officer, Paul Svindland.

"Dear Colleagues, Fellow Stockholders, and Friends:

A few days ago, I had a planned surgical procedure to remove a
benign brain tumor.  The surgery went well, I am home recovering,
and I expect to return to the office after the New Year's holiday.
In the meantime, Jon Russell will lead our team as we continue to
make progress toward our goals.

I look forward to seeing you soon and talking with many of you even
sooner.

All the best and Happy Holidays,

Paul"

                         About Celadon

Celadon Group, Inc. -- http://www.celadongroup.com/-- provides
long haul, regional, local, dedicated, intermodal,
temperature-protect, and expedited freight service across the
United States, Canada, and Mexico.  The Company also owns Celadon
Logistics Services, which provides freight brokerage services,
freight management, as well as supply chain management solutions,
including logistics, warehousing, and distribution.  The Company is
headquartered in Indianapolis, Indiana.

In a press release dated April 2, 2018, Celadon stated that based
on issues identified in connection with the Audit Committee
investigation and management's review, financial statements for
fiscal years ended June 30, 2014, 2015, 2016, and the quarters
ended Sept. 30 and Dec. 31, 2016, will be restated.  Celadon's new
senior management team, led by the Company's new chief financial
officer and new chief accounting officer, commenced a review of the
Company's current and historical accounting policies and
procedures.  The internal investigation and management review have
identified errors that will require adjustments to the previously
issued 2014, 2015, 2016, and 2017 financial statements.     

Celadon announced on Nov. 29, 2018, that it entered into a Twelfth
Amendment to Amended and Restated Credit Agreement by and among the
Company, certain subsidiaries of the Company as guarantors, Bank of
America, N.A., as lender and Administrative Agent, Wells Fargo
Bank, N.A., and Citizens Bank, N.A., both as lenders, which amends
the Company's existing Amended and Restated Credit Agreement dated
Dec. 12, 2014, among the same parties.  Among other changes, the
Amendment extends the maturity date of the Credit Agreement to June
28, 2019.

On April 18, 2018, Peter Elkins, lead analyst at the New York Stock
Exchange LLC, filed a Form 25 with the Securities and Exchange
Commission notifying the removal from listing or registration of
Celadon's common stock on the Exchange.


CELADON GROUP: Signs Amended Employment Agreement with CEO
----------------------------------------------------------
Celadon Group, Inc. entered into an Amended and Restated Employment
Agreement and Amended and Restated Award Notices
on Dec. 5, 2018, with Paul Svindland, the Company's chief executive
officer.  The Amended Employment Agreements made the following
changes, among others, to the existing Employment Agreement and
Award Notices with Mr. Svindland:

   * Provided automatic vesting in the event of Mr. Svindland's
     termination due to his death or disability for Mr.
     Svindland's outstanding and unvested equity awards, which are
     comprised of 100,000 shares of performance-vesting restricted
     stock, 100,000 shares of time-vesting restricted stock, and
     200,000 non-qualified stock options;
·
   * Increased to five years the time period during which Mr.
     Svindland or his estate can exercise the 200,000 stock
     options after his termination due to death or disability;
·
   * Increased the salary continuation payments to which Mr.
     Svindland is entitled, in the event his employment is
     terminated without cause or he terminates his employment for
     good reason, from twelve months to twenty-four months; and
·
   * Conformed certain terms of Mr. Svindland's employment
     agreement to match the terms of the Company's employment
     agreements with other senior executives entered into after
     Mr. Svindland was hired, including (i) providing for payment
     of COBRA premiums during the salary-continuation period in
     the event his employment is terminated without cause or he
     terminates his employment for good reason; and (ii) entitling
     him to receive a pro-rated portion of his bonus under the
     then applicable annual bonus plan, if any, assuming
     achievement of any applicable performance criteria at the
     "target" level, in the event his employment is terminated as
     a result of his death or disability.

                         About Celadon

Celadon Group, Inc. -- http://www.celadongroup.com/-- provides
long haul, regional, local, dedicated, intermodal,
temperature-protect, and expedited freight service across the
United States, Canada, and Mexico.  The Company also owns Celadon
Logistics Services, which provides freight brokerage services,
freight management, as well as supply chain management solutions,
including logistics, warehousing, and distribution.  The Company is
headquartered in Indianapolis, Indiana.

In a press release dated April 2, 2018, Celadon stated that based
on issues identified in connection with the Audit Committee
investigation and management's review, financial statements for
fiscal years ended June 30, 2014, 2015, 2016, and the quarters
ended Sept. 30 and Dec. 31, 2016, will be restated.  Celadon's new
senior management team, led by the Company's new chief financial
officer and new chief accounting officer, commenced a review of the
Company's current and historical accounting policies and
procedures.  The internal investigation and management review have
identified errors that will require adjustments to the previously
issued 2014, 2015, 2016, and 2017 financial statements.      

Celadon announced on Nov. 29, 2018, that it entered into a Twelfth
Amendment to Amended and Restated Credit Agreement by and among the
Company, certain subsidiaries of the Company as guarantors, Bank of
America, N.A., as lender and Administrative Agent, Wells Fargo
Bank, N.A., and Citizens Bank, N.A., both as lenders, which amends
the Company's existing Amended and Restated Credit Agreement dated
Dec. 12, 2014, among the same parties.  Among other changes, the
Amendment extends the maturity date of the Credit Agreement to June
28, 2019.

On April 18, 2018, Peter Elkins, lead analyst at the New York Stock
Exchange LLC, filed a Form 25 with the Securities and Exchange
Commission notifying the removal from listing or registration of
Celadon's common stock on the Exchange.


CELL PHONE: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Cell Phone Repair of SWFL, LLC as of Dec.
10, according to a court docket.

                  About Cell Phone Repair of SWFL

Cell Phone Repair of SWFL, LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-09010) on
October 22, 2018.  At the time of the filing, the Debtor had
estimated assets of less than $500,000 and liabilities of less than
$500,000.  The case has been assigned to Judge Caryl E. Delano.


CELLECTAR BIOSCIENCES: Granted Japanese Patent for CLR 131
----------------------------------------------------------
The Japan Patent Office has granted the patent titled "Phospholipid
Analogs as Diapeutic Agents and Methods of Use Thereof" with
application number 2016135920.  The patent provides composition of
matter and use protection for Cellectar Biosciences, Inc.'s
proprietary phospholipid ether (PLE) analogs and specifically CLR
131 in breast, brain, leukemias and a variety of other cancers.

"Certain cancers such as pediatric lymphomas and leukemias have a
higher prevalence in Asia and represent unmet need both within and
outside the region," said Jim Caruso, president and chief executive
officer of Cellectar Biosciences.  "The issuance of this patent
enhances our growing intellectual property portfolio in this
strategically important market and provides incremental value to
CLR 131 and our PLE delivery franchise."

                   About Phospholipid Drug Conjugates

Cellectar's product candidates are built upon a patented delivery
and retention platform that utilizes optimized phospholipid
ether-drug conjugates to target cancer cells.  The PDC platform
selectively delivers diverse oncologic payloads to cancerous cells
and cancer stem cells, including hematologic cancers and solid
tumors.  This selective delivery allows the payloads' therapeutic
window to be modified, which may maintain or enhance drug potency
while reducing the number and severity of adverse events.  This
platform takes advantage of a metabolic pathway utilized by all
tumor cell types in all cell cycle stages.  Compared with other
targeted delivery platforms, the PDC platform's mechanism of entry
does not rely upon specific cell surface epitopes or antigens.  In
addition, PDCs can be conjugated to molecules in numerous ways,
thereby increasing the types of molecules selectively delivered.
Cellectar believes the PDC platform holds potential for the
discovery and development of the next generation of
cancer-targeting agents.

                          About CLR 131

CLR 131 is Cellectar's investigational radioiodinated PDC therapy
that exploits the tumor-targeting properties of the company's
proprietary PLE and PLE analogs to selectively deliver radiation to
malignant tumor cells, thus minimizing radiation exposure to normal
tissues.  CLR 131 is in a Phase 2 clinical study in
relapsed/refractory multiple myeloma (R/R MM) and a range of B-cell
malignancies, and a Phase 1b clinical study in patients with R/R MM
exploring fractionated dosing.  The objective of the multicenter,
open-label, Phase 1b dose-escalation study is the characterization
of safety and tolerability of CLR 131 in patients with R/R MM.
Patients in Cohorts 1-4 received single doses of CLR 131 ranging
from 12.5 mCi/m2 to 31.25 mCi/m2 as well as a fractionated dose of
15.625 mCi/m2 given twice over seven days in Cohort 5.  All study
doses and regimens have been deemed safe and well tolerated by an
independent Data Monitoring Committee.  The company plans to
initiate a Phase 1 study with CLR 131 in pediatric solid tumors and
lymphoma as well as a second Phase 1 study in combination with
external beam radiation for head and neck cancer.

                    About Cellectar Biosciences

Cellectar Biosciences -- http://www.cellectar.com/-- is focused on
the discovery, development and commercialization of drugs for the
treatment of cancer.  The Company plans to develop proprietary
drugs independently and through research and development
collaborations.  The core drug development strategy is to leverage
its PDC platform to develop therapeutics that specifically target
treatment to cancer cells.  Through R&D collaborations, the
Company's strategy is to generate near-term capital, supplement
internal resources, gain access to novel molecules or payloads,
accelerate product candidate development and broaden its
proprietary and partnered product pipelines.

The report from the Company's independent accounting firm Baker
Tilly Virchow Krause, LLP, in Madison, Wisconsin, 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 a net capital
deficiency that raise substantial doubt about its ability to
continue as a going concern.

Cellectar reported a net loss attributable to common stockholders
of $15.01 million for the year ended Dec. 31, 2017, following a net
loss attributable to common stockholders of $9.36 million for the
year ended Dec. 31, 2016.  As of Sept. 30, 2018, the Company had
$19.54 million in total assets, $2.66 million in total liabilities
and $16.88 million in total stockholders' equity.


CHECKOUT HOLDING: S&P Lowers ICR to 'CC', On CreditWatch Negative
-----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Checkout
Holding and its subsidiary Catalina Marketing Corp. (collectively
Checkout Holding) to 'CC' from 'CCC', the first-lien term loan and
revolver facilities to 'CC' from 'CCC' and the second-lien term
loan to 'C' from 'CC'. The recovery ratings on these issuances
remain unchanged.

S&P also placed all of its ratings on Checkout Holding on
CreditWatch with negative implications.

The rating action reflects Checkout Holding Corp. not meeting its
Nov. 30, 2018 interest payments. The rating action further reflects
S&P's expectation that the company will need to pursue a debt
restructuring on its $1.15 billion first-lien term loan and
revolving credit facilities due in 2021 and 2019 respectively, and
$460 million second-lien term loan due in 2022.

The CreditWatch placement reflects S&P's expectations that Checkout
Holdings will need to restructure its existing debt, which includes
its first- and second-lien term loans. Resolution of the
CreditWatch placement will depend upon clarity regarding Checkout
Holdings' ability to meet its Nov. 30, 2018 interest payment, as
well as its plans to satisfy future debt maturities.



CPV SHORE: S&P Assigns Prelim 'BB' Rating on Senior Secured Debt
----------------------------------------------------------------
S&P Global Ratings is assigning a preliminary 'BB' rating to CPV
Shore Holding LLC's senior secured debt. The '1' recovery rating
indicates S&P's expectation of very high recovery (90%-100%;
rounded estimate: 90%) recovery in the event of default.

S&P said, "We based this report on information as of Dec. 11, 2018.
The rating is preliminary and subject to review of documentation.
It will also depend on the final debt amount, amortization
schedule, and interest rate. We expect to finalize the rating
within 90 days. If S&P Global Ratings does not receive final
documentation within a reasonable time frame, or if final
documentation departs from materials reviewed, S&P Global Ratings
reserves the right to withdraw or revise its ratings."

CPV is paying down the existing term loan and replacing it with new
term loan. CPV Shore Holdings LLC intends to raise $425 million in
a senior secured term loan through Woodbridge to partially fund a
$100 million distribution to the Sponsors, refinance the existing
$311 million term loan balance (unrated), and fund roughly $14
million of transaction expenses. The existing term loan was used to
fund the construction and initial operation of the project.

S&P said, "The stable outlook reflects our expectation that CPV,
through refinancing, will maintain average DSCR of about 1.8x. We
also expect CPV to maintain a capacity factor in the 70% to 80%
range and a heat rate of 6,800 Btu/Kwh to 6,950 Btu/Kwh over the
next five years.

"Over the life of the project, we expect DSCRs averaging about
1.8x. We also expect the project's minimum DSCR to be 1.47x in
2026.

"We could lower the rating if the project is unable to maintain a
DSCR above 1.35x on a consistent basis. Due to the single asset
exposure, a downgrade could occur due a single meaningful event.
For example, we could consider a negative rating action if the
project experienced unexpected operational issues that require an
extensive unforced outage.  The cash flow sweeps also assume a
level of cash flows from gas optimization. We view these cash flows
as relatively higher risk. The inability of the project to sustain
these cash flows would lead to a downgrade.

"A downgrade could also stem from the deterioration of energy
margins possibly because of lower power demand or power prices. In
addition, if the project doesn't sweep debt as we currently expect,
we could consider a negative rating action on the project.
Furthermore, if our expectations changed with regards to the
downside resilience of the project, we could consider a negative
rating action.

"While we view it as unlikely, we could raise the ratings if the
project achieves a minimum base DSCR of greater than 2.5x in all
years, including during the post refinancing period. This could
stem from a secular improvement in power and capacity prices in PJM
and the unit's ability to continue to procure inexpensive natural
gas feedstock."



CSM BAKERY: S&P Alters Outlook to Stable & Affirms 'CCC+' ICR
-------------------------------------------------------------
S&P Global Ratings affirms all ratings on the company, including
the 'CCC+' issuer credit rating. S&P is revising its outlook to
stable from positive to reflect its expectation for modest leverage
reduction in 2019 and breakeven free operating cash flow.

The stable outlook reflects continued challenges in turning around
its business after an enterprise resource planning (ERP) software
issue in 2016, which led to the loss of about EUR100 million worth
of business and to negative EBITDA through the first half of 2017.
The company has lowered its EBITDA guidance for 2018 by about EUR20
million as regaining former customers at profitable levels has been
slower to occur than anticipated. The company also reported lower
earnings from its Europe business so far in 2018, as the summer was
very warm and demand for bakery products declined. But the company
has made significant progress since the disruption occurred,
replacing management and replacing lost customers while restoring
service levels back to above historical levels, but at a slower
pace than originally anticipated.

S&P said, "The stable outlook reflects our expectation that the
company will continue to make progress towards leverage reduction
as it incurs less restructuring costs to right-size the business,
realizes cost savings, and improves its profitability. We expect
leverage to remain near 9x over the next 12 months and free
operating cash flow to be breakeven in 2019.

"We could lower the ratings if the company is unable to refinance
its capital structure before it becomes current in July 2019.
Additionally, we could lower the ratings if the company is unable
to regain lost business or recognize savings from its restructuring
and transformation program, such that EBITDA is lower, debt
leverage remains in the double-digits, and fixed charge coverage
remains below 1x.

"We could raise the ratings if we forecast continuous EBITDA
improvement due to new customer wins and cost savings leading to
leverage approaching 8x and fixed charge coverage exceeding 1x and
we expect ongoing improvement of both of those metrics.  An upgrade
will further be predicated on the company refinancing its capital
structure before it becomes current."   


CVRA AERONAUTICAL: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of CVRA Aeronautical LLC as of Dec. 10,
according to a court docket.

                   About CVRA Aeronautical LLC

CVRA Aeronautical LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-23499) on October 30,
2018.  At the time of the filing, the Debtor had estimated assets
of less than $50,000 and liabilities of less than $50,000.  

The case has been assigned to Judge Raymond B. Ray.  The Debtor
tapped Chad T. Van Horn, Esq., at the Law Offices of Alla Kachan,
P.C. as its legal counsel.


DAYMARK PROPERTIES: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 cases of Daymark Realty Advisors Inc., Daymark
Properties Realty Inc. and Daymark Residential Management Inc. as
of Dec. 10, according to a court docket.

                   About Daymark Realty Advisors

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 Chapter 11 petitions
(Bankr. S.D. Fla. Lead Case No. 18-23750) on November 4, 2018.  The
petitions were 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.


DIVERSE LABEL: $7.2M Sale of Substantially All Assets to RTU Okayed
-------------------------------------------------------------------
Judge Catharene R. Aron of the U.S. Bankruptcy Court for the Middle
District of North Carolina authorized Diverse Label Printing, LLC's
sale of substantially all assets to RTU, Inc. for $7.2 million.

The Sale Hearing was conducted on Dec. 6, 2018.

The sale is free and clear of all Claims.

The Debtor is authorized to assume and assign the Assumed Contracts
and Leases to the Buyer free and clear of all Claims.

Notwithstanding the provisions of Bankruptcy Rules 6004(h) and
6006(d) or any applicable provisions of the Local Rules, the Sale
Order will not be stayed after the entry hereof, but will be
effective and enforceable immediately upon entry, and the 14-day
stay provided in Bankruptcy Rules 6004(h) and 6006(d) is expressly
waived and will not apply.

The cash proceeds from the sale of the Sale Assets will be
disbursed in the following manner:

     a. Payment of $293,627 to Equity Partners for compensation and
reimbursement of expenses.

     b. Then, payment of $2,264,901, plus accrued interest at the
non-default rate from Dec. 6, 2018 through the date of the Closing,
to First National Bank of Pennsylvania ("FNB"), less any amounts
paid to FNB prior to the Closing pursuant to (i) the Order
Authorizing Sale of Equipment and Forklift and Transferring Liens
to Proceeds entered on Nov. 20, 2018; and (ii) the Order
Authorizing Sale of Knife Equipment and Related Equipment and
Transferring Liens to Proceeds entered on Nov. 26, 2018.

     c. Then, all remaining sale proceeds after payment of the
items, to the Debtor, subject to any 506(b) claims asserted by FNB
which are approved by the Court.

Within 10 days after the Closing on the Sale Transaction with RTUI,
the Debtor will pay the Break-Up Fee to General Data in the amount
of $130,046.

If the Closing on the Sale Transaction with RTUI does not occur by
Dec. 31, 2018, RTUI will reimburse the Debtor for any interest paid
by the Debtor to FNB which accrued during the month of January 2019
pursuant to the promissory notes referenced in Claim No. 18 filed
by FNB in the proceeding on Aug. 29, 2018.

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

    http://bankrupt.com/misc/Diverse_Label_216_Order.pdf

                About Diverse Label Printing

Diverse Label Printing, LLC, a company in Burlington, North
Carolina, specializes in producing labels for food, food
processing, supermarket, consumer goods, and other uses.  Diverse
Label sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. M.D.N.C. Case No. 18-10792) on July 23, 2018.  In the
petition signed by CEO Ed Bidanset, the Debtor disclosed
$15,750,989 in assets and $10,499,186 in liabilities.  Judge
Catharine R. Aron presides over the case.  The Debtor tapped
Northen Blue, LLP, as its legal counsel.


ELI KAFIF: $1.25 Private Sale of Brooklyn Property to YFL Approved
------------------------------------------------------------------
Judge Carla E. Craig of the U.S. Bankruptcy Court for the Eastern
District of New York authorized Eli Kafif and Mary Kafif to
privately sell the real property located at 1821 East 14th street,
Brooklyn, New York to YFL Groups, LLC for $1.25 million.

The sale is free and clear of all Claims and Encumbrances, with all
such Claims and Encumbrances, if any, to attach to the proceeds of
the Sale.

The provisions of the Order will be self-executing.

From the proceeds of sale of the Debtors' Real Property, less
administrative and processing fees, will be distributed as
follows:

     a. At the closing, Seterus Inc. will receive on account of its
Claim No. 16, the full amount of said claim plus legal fees and
expenses in full satisfaction of its debt based upon a pay-off
letter delivered at the closing.

     b. Upon closing, the portion of proceeds directed to Claim No.
22 of Dodi Hafif will be paid upon the resolution of the claims
between the parties and approval of the Court, subject to Rule 9019
of the United States Bankruptcy Rules.

     c. Upon closing, the portion of proceeds directed to Claim No.
21 of RNJ of $290,000, in full settlement of the claim in
accordance with the settlement terms reached by the parties and
subject to Rule 9019 of the Bankruptcy Court, will be held in the
escrow account of the Debtor in a court qualified depository, TD
Bank, pending the confirmation of a plan of reorganization, or
further ruling from the Court.

Upon payment in full of its allowed claim, plus legal fees and
expenses, Seterus Inc. will issue a satisfaction of mortgage in
recordable form together with any and all other instruments deemed
necessary to remove any exceptions to the record, including,
without limitation, such mortgage, the Notice of Pendency, and
discontinuance of the pending foreclosure actions and related liens
or encumbrances on the record with the appropriate recording/filing
office in the County of Kings and file or record such instruments
as set forth.

The 14-day stay of sale order pursuant to Rule 4001(a)(3) is
waived.

Eli Kafif and Mary Kafif sought Chapter 11 protection (Bankr.
E.D.N.Y. Case No. 16-41959) on May 4, 2016.  The Debtors tapped
Alla Kachan, Esq., as counsel.



EP ENERGY: Approves Increase of CEO's Annual Salary to $850,000
---------------------------------------------------------------
The Compensation Committee of the Board of Directors of EP Energy
Corporation, the parent company of EP Energy LLC, has approved
certain changes to the compensatory arrangement of Russell E.
Parker, CEO and president.  The changes were made in connection
with an annual review of the compensation package put in place for
Mr. Parker upon joining the company in November 2017.  In
particular, the Compensation Committee approved the following
changes to Mr. Parker's compensation:

   * a one-time discretionary cash bonus of $350,000, payable in
     December 2018;

   * an increase in his annual base salary from $500,000 to
     $850,000, effective Jan. 1, 2019; and

   * the amount of any annual performance bonus for 2019, to the
     extent the relevant performance goals for 2019 are met, to be

     paid in the form of stock in lieu of cash.

The changes were made to continue to motivate and retain Mr.
Parker, to further align his interests with those of the company's
stockholders, and to recognize his leadership in transforming the
company over the past twelve months.

                       About EP Energy LLC

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

EP Energy LLC incurred a net loss of $203 million for the year
ended Dec. 31, 2017, compared to a net loss of $21 million for the
year ended Dec. 31, 2016.  As of Sept. 30, 2018, the Company had
$5.23 billion in total assets, $563 million in total current
liabilities, $4.35 billion in total non-current liabilities, and
$317 million in member's equity.

                           *    *    *

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

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


FANSTEEL INC: $1M Sale of Intercast Business to SeaCast Denied
--------------------------------------------------------------
Judge Anita L. Shodeen of the U.S. Bankruptcy Court for the
Southern District of Iowa denied Fansteel, Inc.'s proposed sale of
substantially all of the Debtor's assets used in conducting its
Intercast Business to SeaCast, Inc., for $1 million.

The Court finds that (i) the amendment to the Asset Purchase
Agreement filed as a Support Document contains a material change in
the purchase price related to advances made or to be made by the
Buyer to the Debtor as unsecured credit; (ii) the unsecured credit
was not approved by the Court; (iii) the details related to the
necessity for the funds, the amounts loaned and to be loaned, and
the terms of repayment were not provided as required under 11
U.S.C. section 364, or served in accordance with the Code and
Rules; and (iv) the definition of the property being sold is
unclear and directly related to assets of Fansteel de Mexico which
are the subject of the limited objection filed by the PBGC and the
objection by 510 Ocean Drive Debt Acquisition, LLC.

In the event the Debtor files a new Motion(s) to Sell Property or
to obtain credit under 11 U.S.C. section 364, those documents will
be served pursuant to the Code and Rules.  The Court authorized a
bar date notice of 14 days for any such Motion(s).

A hearing on any new Motion(s) will be conducted on Jan. 3, 2019 at
9:00 a.m.  Exhibit and witness lists for the hearing will be
exchanged and exhibits provided to opposing parties and the Court
no later than Dec. 31, 2018.  A separate notice will be docketed to
schedule the hearing.

                About Fansteel and Affiliates

Headquartered in Creston, Iowa, Fansteel, Inc., manufactures
aluminum and magnesium castings for the aerospace and defense
industries.  Fansteel has four locations in the USA and one in
Mexico and has a workforce of more than 600 employees.  Fansteel
generated $87.4 million in revenue in 2015 on a consolidated
basis.

Wellman Dynamics Corporation contributed 67% of Fansteel's sales.
The rest of the sales are generated from Intercast, a division of
Fansteel, and other non-debtor subsidiaries.

Fansteel, Wellman Dynamics, and Wellman Dynamics Machinery &
Assembly, Inc., filed Chapter 11 petitions (Bankr. S.D. Iowa Case
Nos. 16-01823, 16-01825 and 16-01827) on Sept. 13, 2016.  The
petitions were signed by Jim Mahoney, CEO.  The cases are assigned
to Judge Anita L. Shodeen.  The Debtors disclosed total assets of
$32.9 million and total debt of $41.97 million.

The companies tapped Jeffrey D. Goetz, Esq., and Krystal R.
Mikkilineni, Esq., at Bradshaw, Fowler, Proctor & Fairgrave, P.C.,
as counsel; RSM US LLP as tax advisor; Jeffrey Sands and Dorset
Partners, LLC as business broker; and Mark J. Steger, Esq., at the
Clark Hill Law Firm, as Environmental Counsel.

The companies filed motions to jointly administer the cases
pursuant to Bankruptcy Rule 1015(b), and the court ordered the
joint administration on Oct. 17, 2016.  The court subsequently
entered an order on May 24, 2017, vacating its Oct. 17 order and
discontinuing the joint administration of the cases under the lead
case of Fansteel.

On Sept. 23, 2016, the U.S. Trustee for Region 12 appointed an
official committee of unsecured creditors in Fansteel's bankruptcy
case.  The committee retained Morris Anderson & Associates, Ltd.,
as financial advisor; and Archer & Greiner, P.C. and Nyemaster
Goode, P.C., as counsel.

In March 2017, the U.S. trustee announced that the unsecured
creditors' committee of Fansteel would no longer serve as the
official committee in its case and that it would be reconstituted
as the official committee of unsecured creditors in the Chapter 11
cases of Wellman Dynamics and Wellman Dynamics Machinery.  As of
March 22, 2017, a new creditors' committee has not yet been
appointed in Fansteel's bankruptcy case.

Wellman Dynamics filed a Chapter 11 plan of reorganization and
disclosure statement on Jan. 11, 2017.  On May 8, 2017, the
creditors' committee of Wellman Dynamics filed a rival Chapter 11
plan of liquidation for the company.


GARAFOLA PROPERTIES: $1.46M Sale of Nashville Property Approved
---------------------------------------------------------------
Judge Randal S. Mashburn of the U.S. Bankruptcy Court for the
Middle District of Tennessee authorized Garafola Properties, LLC's
sale of the real property located at 2213 Belmont Blvd., Nashville,
Tennessee to Nancy Youssef and Alexander Assouad for $1.46
million.

The sale is free and clear of the interest of all liens, claims,
and encumbrances, with the lien of Franklin Synergy Bank to attach
to the proceeds of sale.

The closing of the sale will take place by Dec. 7, 2018, unless
otherwise agreed by the Debtor, the Buyer, and Franklin Synergy
Bank.

The Real estate commissions may be paid as follows: 1% to listing
agent Ashley Bosshart (if the pending application to engage the
listing agent, Ashley Bosshart is granted), and 3%, less $10,000,
to the Buyer's agent.

After payment of other customary closing expenses approved by
Franklin Synergy Bank and past due real estate taxes, if any, the
remaining net proceeds of the Sale will be paid at closing to
Franklin Synergy Bank.

                   About Garafola Properties

Garafola Properties LLC is a privately held company that owns 62
properties in Nashville, Tennessee having an aggregate value of
$3.4 million.

Garafola Properties filed a Chapter 11 petition (Bankr. M.D. Tenn.
Case No. 18-06361) on Sept. 24, 2018.  In the petition signed by
Michael A. Garafola, chief manager, the Debtor disclosed $3,399,600
in assets and $4,020,274 in liabilities.  The Hon. Randal S.
Mashburn presides over the case.  Steven L. Lefkovitz, Esq., at
Lefkovitz & Lefkovitz, serves as bankruptcy counsel to the Debtor.


GARAFOLA PROPERTIES: $425K Sale of Nashville Property Approved
--------------------------------------------------------------
Judge Randal S. Mashburn of the U.S. Bankruptcy Court for the
Middle District of Tennessee authorized Garafola Properties, LLC's
sale of the real property located at 2171A and 2171B Rock City,
Nashville, Tennessee to Ashley Bosshart and Nicholas Buda for
$425,000.

The sale is free and clear of the interest of all liens, claims,
and encumbrances, with the lien of Franklin Synergy Bank to attach
to the proceeds of sale.

The closing of the sale will take place by Dec. 27, 2018, unless
otherwise agreed by the Debtor, the Buyer, and Franklin Synergy
Bank.

No real estate commissions or fees will be paid for the Sale's
agent.

After payment of other customary closing expenses approved by
Franklin Synergy Bank and past due real estate taxes, if any, the
remaining net proceeds of the Sale will be paid at closing to
Franklin Synergy Bank.

                   About Garafola Properties

Garafola Properties LLC is a privately held company that owns 62
properties in Nashville, Tennessee having an aggregate value of
$3.4 million.

Garafola Properties filed a Chapter 11 petition (Bankr. M.D. Tenn.
Case No. 18-06361) on Sept. 24, 2018.  In the petition signed by
Michael A. Garafola, chief manager, the Debtor disclosed $3,399,600
in assets and $4,020,274 in liabilities.  The Hon. Randal S.
Mashburn presides over the case.  Steven L. Lefkovitz, Esq., at
Lefkovitz & Lefkovitz, serves as bankruptcy counsel to the Debtor.


GAVILAN RESOURCES: S&P Lowers ICR to 'B-', On CreditWatch Negative
------------------------------------------------------------------
S&P Global Ratings lowers its issuer credit rating on Gavilan to
'B-' from 'B' and its issue-level rating on the company's
second-lien term loan to 'B-' from 'B+', and are revising the
recovery rating on the term loan to '3' from '2'.

At the same time, S&P places all of its ratings on Gavilan on
CreditWatch with negative implications.

S&P said, "The downgrade follows Gavilan's recent poor well
performance and higher-than-anticipated costs, and reflects our
expectation that the company will significantly reduce its capital
spending next year, leading to lower production and cash flows and
increased leverage. The company's production declined by 12%
sequentially in the third quarter of 2018 due primarily to the
underperformance of the wells it completed in late 2017 and early
2018. The production from these wells has fallen due to tighter
well spacing and the use of a new completion design that led to
steeper declines and higher per-unit costs than originally
anticipated. The operator of these assets, Sanchez Energy Corp.,
has taken steps to remedy the issues, including modifying its well
spacing and completion techniques, which should lead to improved
performance. Nevertheless, Sanchez has stated publicly that it
expects to reduce its capital allocation to these assets next year
as it determines the optimal completion design. Although the joint
operating committee has not yet finalized its 2019 budget, we
expect the capital expenditures on these assets to be significantly
lower than in 2018, which--in conjunction with their recent
underperformance--should result in a 10% or greater production
decline next year."

S&P expects to resolve the CreditWatch placement around the time
the company and its partners agree upon their 2019 budget and
development plan, which will likely occur in the first quarter of
2019.


GORDMANS STORES: $392K Sale of Interchange Claim to Optium Approved
-------------------------------------------------------------------
Judge Thomas L. Saladino of the U.S. Bankruptcy Court for the
District of Nebraska authorized G-Estate Liquidation Stores, Inc.,
formerly known as Gordmans Stores, Inc., and its affiliates
("Post-Effective Date Debtors"), to enter into their Asset Purchase
Agreement with Optium Fund 2, LLC in connection with their sale of
class action interchange claim for $392,000.

The sale is free and clear of any mortgage, pledge, lien, security
interest, claim or encumbrance.

Under the Plan, the Post-Effective Date Debtors, through the Plan
Administrator, have the authority to execute the APA and other
documents contemplated thereby, and to perform the obligations and
comply with the terms of the APA, and consummate the Sale, pursuant
to and in accordance with the conditions of the APA.

The sale of the Interchange Claim is taking place under a plan
confirmed under section 1129 of the Bankruptcy Code as contemplated
under section 1146(a), and therefore is exempt from any and all
sales, transfer, recording, stamp tax or similar taxes.  For the
avoidance of doubt, nothing in the Order authorizes any personally
identifiable information to be sold, leased, or otherwise
transferred as part of the Sale.

Notwithstanding Bankruptcy Rule 6004(h), the Order will be
effective and enforceable immediately upon its entry.

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

   http://bankrupt.com/misc/Gordmans_Stores_1618_Order.pdf

                       About Gordmans Stores

Founded in 1915, Gordmans Stores, Inc. -- http://www.gordmans.com/
-- is a retail company engaged in the sale of apparel, home goods,
and other merchandise.

Then with 106 stores in 22 states, Gordmans Stores and five
affiliates sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Neb. Lead Case No. 17-80304) on March 13, 2017,
disclosing $274 million in assets and $131 million in liabilities.

The cases are assigned to Judge Thomas L. Saladino.

The Debtors engaged Patrick J. Nash, Jr., Esq., Brad Weiland, Esq.,
and Jamie R. Netznik, Esq., of Kirkland & Ellis LLP, as bankruptcy
counsel.  The Debtors also hired Joyce A. Dixon, Esq. at Kutak Rock
LLP as local counsel; Duff & Phelps as financial advisor; Clear
Thinking Group LLC as restructuring advisor; and Epiq Bankruptcy
Solutions LLC, as claims and noticing agent.

On March 15, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee retained
Frost Brown Todd LLC, as counsel, Brian J. Koenig, Esq. at Koley
Jessen, P.C., L.L.O., as local counsel; and Province Inc., as
financial advisor.

                          *     *     *

Houston, Texas-based Stage Stores and a joint venture of
liquidators Tiger Capital Group and Great American Group were
declared winning bidders for Gordmans' assets at an auction in
March 2017.  Stage Stores said at that time it plans to operate at
least 50 of Gordmans' 105 locations and keep the warehouse in Omaha
as a going concern.  Stage operates about 800 locations nationwide
under the Peebles, Bealls and Goody's brands, among others.  The
winning bid amounted to $75.6 million.

The Debtor changed its name to G-Estate Liquidation Stores, Inc.,
following the asset sale.


GUILBEAU MARINE: $195K Sale of Cutoff Property to Guilbeaus Okayed
------------------------------------------------------------------
Judge Jerry A. Brown of the U.S. Bankruptcy Court for the Eastern
District of Louisiana authorized Guilbeau Marine, Inc.'s sale of
the immovable property bearing municipal address 14878 West Main
Street, Cutoff, Louisiana to Chad Guilbeau and Chantece P. Guilbeau
for $195,000.

The sale is free and clear of all interests, liens, claims, and
encumbrances, whether recorded or unrecorded, with any such liens,
claims, and encumbrances to attach to the sale proceeds.

Anthony Guilbeau, on behalf of the Debtor, is authorized to execute
any and all documents necessary to effectuate said sale under the
terms and conditions set forth.

The settlement agent is authorized and directed to pay the ordinary
and customary closing costs and expenses of the Seller, the Debtor,
out of the proceeds of the sale, and that the remaining sale
proceeds be paid directly to State Bank & Trust Co.

The Order is not subject to an automatic stay, as permitted under
Federal Rules of Bankruptcy Procedure 6004(h) or otherwise, and the
Debtor is authorized to execute any and all conveyance and transfer
documents, agreements, releases and other agreements and to take
any and all such actions necessary in its discretion to effectuate
the sale of the Property.

The Debtor will serve a copy of this Order on the required parties
who will not receive notice through the ECF System pursuant to the
Federal Rules of Bankruptcy Procedure and the Local Bankruptcy
Rules and file a certificate of service to that effect within three
days.

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

    http://bankrupt.com/misc/Guilbeau_Marine_80_Order.pdf

                      About Guilbeau Marine

Guilbeau Marine, Inc., based in Golden Meadow, LA, filed a Chapter
11 petition (Bankr. E.D. La. Case No. 18-12409) on Sept. 11, 2018.
In the petition signed by Anthony Guilbeau, Jr., president, the
Debtor estimated $1 million to $10 million in assets and
liabilities.  Frederick L. Bunol, partner of The Derbes Law Firm,
L.L.C., serves as bankruptcy counsel.


GULFVIEW MEDICAL: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Gulfview Medical Institute, PLLC as of Dec.
10, according to a court docket.

                 About Gulfview Medical Institute

Gulfview Medical Institute, PLLC, is a primary care provider based
in based in Punta Gorda, Florida.  Gulfview Medical Institute filed
voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. Bankr. M.D. Fla. Case No. 18-09165) on Oct. 25, 2018,
listing under $1 million in both assets and liabilities.  Craig I.
Kelley, Esq., at Kelley & Fulton, PL, represents the Debtor.


HERITAGE HOME: Sale Procedures for Miscellaneous Assets Approved
----------------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware authorize the sale procedures of Heritage Home Group, LLC
and affiliates, in connection with the sale of miscellaneous
assets, consisting of equipment, furniture, supplies, fixtures, and
other miscellaneous tangible and intangible personal property.

The sale will be free and clear of all liens, claims, interests and
encumbrance.

The Debtors are authorized to sell the Miscellaneous Assets in
accordance with these Miscellaneous Asset Sale Procedures:

     a. If the sale consideration from a purchaser of the
Miscellaneous Assets does not exceed $100,000, on a per-transaction
basis, and if the sale is not to an insider or affiliate of the
Debtors or SB360, the Debtors may sell the assets upon providing
written notice to the Notice Parties, which will have three
business days (unless extended by agreement from the Debtors) from
the date of such notice to object.

     b. If the sale consideration from a purchaser for the
Miscellaneous Assets, on a per-transaction basis, exceeds $100,000
but is less than $300,000, or if the sale is to an insider or
affiliate of the Debtors or SB360 in an amount less than $300,000,
the Debtors will file with the Court athe Miscellaneous Asset Sale
Notice and serve such Miscellaneous Asset Sale Notice upon all Rule
2002 Parties.

     c. The Miscellaneous Asset Sale Notice  will include: (i) a
description of the Miscellaneous Assets that are the subject of the
Proposed Miscellaneous Asset Sale; (ii) the location of the
Miscellaneous Assets; (iii) the economic terms of sale; (iv) the
identity of any non-Debtor party to the Proposed Miscellaneous
Asset Sale and specify whether that party is an "affiliate" or
"insider," as those terms are defined under section 101 of the
Bankruptcy Code, of the Debtors or SB360; and (v) the identity of
the party, if any, holding liens, claims, encumbrances or other
interests in the Miscellaneous Assets.

     d. The Notice Parties and the Rule 2002 Parties will have
seven business days after the Miscellaneous Asset Sale Notice is
filed to object to the Proposed Miscellaneous Asset Sale.

     e. If a written objection to a Proposed Miscellaneous Asset
Sale is timely received by the Objection Deadline, the Debtors will
not proceed with the Proposed Miscellaneous Asset Sale unless: (i)
the objection is withdrawn or otherwise resolved; or (ii) the
Court approves the Proposed Miscellaneous Asset Sale at the next
regularly scheduled omnibus hearing in these chapter 11 cases that
is at least five business days after receipt by the Debtors of the
objection, or at the next omnibus hearing in these chapter 11 cases
that is agreed to by the objecting party and the Debtors.

     f. All proceeds from the sale of the Proposed Miscellaneous
Asset Sale, net of fees, costs and expenses approved by DIP Agent,
will be paid to DIP Agent without any setoff or deduction of any
kind.

     g. All buyers will acquire the Miscellaneous Assets sold by
the Debtors pursuant to these Miscellaneous Asset Sale Procedures
on an "as is-where is" basis without any representations or
warranties, and free and clear of all liens, claims, encumbrances
and other interests, with all such liens, claims, encumbrances and
other interests, if any, to attach to the proceeds of the sale of
the Miscellaneous Assets.

Notice of any sale of the Miscellaneous Assets in accordance with
the Miscellaneous Asset Sale Procedures will be sufficient notice
of the sale of such assets.  The form of Miscellaneous Asset Sale
Notice is approved.

The provision in Bankruptcy Rule 6004(h) staying an order
authorizing the use, sale, or lease of property until the
expiration of 14 days after entry of the Order is waived with
respect to the Order and in respect of the sale of any
Miscellaneous Assets made in accordance with the Order.

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

   http://bankrupt.com/misc/Heritage_Home_494_Order.pdf

                  About Heritage Home Group

Heritage Home Group LLC -- http://www.heritagehome.com/-- designs,
manufactures, sources and retails home furnishings.  The company
markets its products through a wide range of channels, including
its own Thomasville retail stores and through interior designers,
multi-line or independent retailers and mass merchant stores.  It
was formed by an affiliate of KPS Capital Partners, LP, in November
2013 to acquire the brand portfolio and certain related assets of
Furniture Brands International, Inc.

Heritage Home Group and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case Nos.
18-11736 to 18-11740) on July 29, 2018.  In the petitions signed by
CRO Robert D. Albergotti, Heritage Home Group estimated assets of
$100 million to $500 million and liabilities of $100 million to
$500 million.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, as their
legal counsel; Houlihan Lokey Capital, Inc. as their investment
banker; and Kurtzman Carson Consultants LLC as claims and noticing
agent.


IDEANOMICS INC: Executive Vice Chairman Resigns
-----------------------------------------------
Robert Benya has resigned from his position as executive vice
chairman of Ideanomics, Inc. and director of the Board of Directors
of the Company, in order to support the management team of Sun
Seven Stars Media Group Limited, a private, family-held media and
investment company of which Bruno Wu, the Company's former
executive chairman and co-chief executive officer, is chairman and
chief executive officer.  Mr. Benya indicated that his resignation
from the Board is not the result of any disagreement with the
Company.

Mr. Benya's Board seat was assumed by Richard Frankel, who became
the executive vice chairman of the Board on Nov. 12, 2018.

                        About Ideanomics

Ideanomics, formerly known as Seven Stars Cloud Group, Inc., seeks
to become a next generation fintech company by leveraging
blockchain and artificial intelligence technologies.  The Company
is headquartered in New York, NY, and has planned a "Fintech
Village" center for Technology and Innovation in West Hartford, CT,
and has offices in London, Hong Kong and Beijing, China.

Seven Stars reported a net loss of $10.19 million for the year
ended Dec. 31, 2017, compared to a net loss of $28.50 million for
the year ended Dec. 31, 2016.  As of Sept. 30, 2018, Ideanomics had
$167.72 million in total assets, $123.10 million in total
liabilities, $1.26 million in convertible redeemable preferred
stock, and $43.35 million in total equity.

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


ION MEDIA: S&P Raises CCR to 'BB-' on Strong Operating Performance
------------------------------------------------------------------
S&P Global Ratings raises its rating on ION Media Networks Inc. to
'BB-' from 'B+'. S&P also raised its issue-level rating on the
company's revolving credit facility and term loan B due 2020 to
'BB-'. The '3' recovery rating remains unchanged.

U.S. television broadcaster ION Media Networks Inc. continues to
exhibit stronger-than-industry advertising revenue growth and
maintains adjusted EBITDA margin above 50%. Adjusted leverage as of
Sept. 30, 2018 (on a last 12 months rolling basis) decreased to
3.6x, and S&P estimates leverage will remain below the mid-4x area,
its upgrade threshold for the rating category, despite periodic
dividends to shareholders.

S&P said, "The upgrade reflects our view that ION will maintain
adjusted leverage below the mid-4x area even as it periodically
issues future dividends. We also expect ION to continue its strong
operating performance and for the company to continue generating
stronger-than-industry advertising revenue growth, with over 50%
EBITDA margin."

As of Sept. 30, 2018, the company's adjusted leverage decreased to
3.6x mainly through EBITDA growth, with spot advertising increasing
at a high-single-digit percentage rate, above the industry average.
The company has also continued to effectively manage its
programming costs, helping to sustain its high EBITDA margin. S&P
said, "We estimate that adjusted leverage will remain below the
4.0x area over the next year through EBITDA growth. However,
consistent with its historical financial policy, we expect the
company will periodically re-lever towards 4.5x through debt-funded
dividends to its private equity owners."

S&P said, "Our rating also reflects ION's unique position as a
broadcaster with a near-nationwide reach covering over 100 million
households, adjusted EBITDA margin of more than 50%, and steadily
growing advertising revenue. With the acquisition of five
full-power ultra-high frequency (UHF) TV stations in September
2018, ION is now in 40 of the top 50 U.S. TV markets. Federal
Communications Commission regulations allow ION to choose
must-carry status, which allows it to avoid carriage disputes with
distributors. However, this also precludes it from collecting more
stable retransmission revenue and leads it to focus instead on less
stable and more cyclical advertising revenue, which makes up almost
all of its revenue.

"The stable outlook reflects our view that ION will keep leverage
below 4.5x on a sustained basis despite periodic dividends to
shareholders and will continue to generate mid-single-digit
advertising growth and above-50% adjusted EBITDA margin due to its
efficient programming strategy.

"We could lower the issuer credit rating over the next 12 months if
revenue growth turns negative and margins fall below 50%, causing
leverage to increase above 4.5x on a sustained basis. We could also
lower the rating if ION's leverage rises above 4.5x as a result of
debt-financed acquisitions or dividends.

"While an upgrade is highly unlikely over the next 12 months, we
could raise the rating if the company diversifies its revenue
streams with more predictable sources such as retransmission or
cable subscription fees. In addition, an upgrade would likely
require leverage to improve to the low- to mid-3x area on a
sustained basis and our anticipation that the sponsor will
relinquish control over the medium term."


IOTA COMMUNICATIONS: Commences Tender Offer for Warrants
--------------------------------------------------------
A tender offer statement on Schedule TO has been filed with the
Securities and Exchange Commission by Iota Communications, Inc.,
pursuant to Rule 13e-4 under the Securities Exchange Act of 1934,
as amended, in connection with the following exchange offer: upon
the holders of up to 18,281,494 of that certain class of warrants,
each to purchase one share of common stock, with an exercise price
of $0.3753 per share and each issued in September 2018 in exchange
for warrants issued by the Company between March 2018 and July 2018
to individuals and entities in connection with those individuals
and entities purchasing certain wireless spectrum services from the
Company between March 2018 and July 2018, exercising those Warrants
for the cash exercise price of $0.3753 per share, Iota will:

    (i) issue up to 21,937,793 shares of common stock (the holders
        will receive up to an extra 3,656,299 shares (a 20% bonus)
        as part of the offer in addition to the up to 18,281,494
        shares of common stock to which they are entitled pursuant
        to the warrant exercise); and

   (ii) provide services to the holders such that the holders will
        receive, within twelve months of the expiration date of
        this tender offer, at least 1.1373 megahertz pops (the
        amount of megahertz of wireless spectrum covered by an
        exclusive Federal Communications Commission radio
        frequency license multiplied by the population in the
        Economic Area (as defined by the FCC) covered by such FCC
        license) in FCC License Authorizations for each Warrant
        exercised.

The offer is being made upon the terms and subject to certain
conditions set forth in the Offer to Exercise and Exchange dated
Dec. 11, 2018 and in the related Letter to Holders of Warrants,
which, as amended or supplemented from time to time, together
constitute the offer.

The Offer is not conditioned on any minimum number of Warrants
being exercised.  To participate in the Offer, however, a holder of
a Warrant must exercise all of the Warrants they hold.

The purpose of the Offer is to encourage the exercise of the
Warrants and provide funding to support the Company's operations
and to streamline and simplify the Company's capital structure by
providing the holders of the Warrants with the opportunity to
exercise the Warrants by issuing 20% in bonus shares (making the
effective exercise price $0.3128 per share instead of $0.3753 per
share) and providing services that will result in the holders
receiving at least 1.1373 MHz-POPs in FCC License Authorizations
for each warrant exercised.

The period during which Warrants may be exercised and exchanged
commenced on Dec. 11, 2018 through Jan. 9, 2019.

A full-text copy of the Tender Offer Statement as filed with the
Securities and Exchange Commission is available at no charge at:

                        https://is.gd/xi3zoN

                       About Iota Communications

Newark, New Jersey-based Iota Communications, Inc., formerly known
as Solbright Group, Inc -- https://www.iotacommunications.com --
provides a nationally-available, wireless network and operating
system which has been purpose-built and optimized for Internet of
Things applications.  Iota's is the only IoT-dedicated wireless
platform in the US whose core network operates on FCC-licensed
radio spectrum, and the only one which also connects all standard
end devices transmitting on standard cellular, WiFi, Bluetooth, and
Zigbee protocols.  Iota operates an open-interface applications
environment which hosts and distributes both Iota's and third-party
customer applications.  Iota also offers important additional
products and services which facilitate the adoption of its
platform-based services.  These include customer connectivity
devices and other pass-through equipment for certain applications,
FCC license application, procurement, and leasing services, and
solar energy, LED lighting, and HVAC conversion and implementation
services.

Solbright reported a net loss of $15.80 million for the year ended
May 31, 2018, compared to a net loss of $3.34 million for the year
ended May 31, 2017.  As of Aug. 31, 2018, Solbright had $15.03
million in total assets, $6.38 million in total current
liabilities, and $8.64 million in total stockholders' equity.

The audit opinion included in the company's Annual Report on Form
10-K for the year ended May 31, 2018 contains a going concern
explanatory paragraph.  RBSM LLP, in New York, the Company's
auditor since 2016, stated that the Company has suffered recurring
losses from operations, will require additional capital to fund its
current operating plan, and has stated that substantial doubt
exists about the Company's ability to continue as a going concern.


JAMES TAGLIARENI: Private Sale of Annandale Property to Case Okayed
-------------------------------------------------------------------
Judge Christine M. Gravelle of the U.S. Bankruptcy Court for the
District of New Jersey authorized James Tagliareni's private sale
of the real property located at 156 River Road, Annandale, New
Jersey, together with the interest of co-owner Pamela Tagliareni,
to Case FCNJ, LLC for the full and complete release of all claims
of Case Investors III, LLC against the Debtor, Pamela Tagliareni
and Inspire Kids, LLC, and/or any entities in which the Debtor and
Pamela Tagliareni have or may have an interest.

The sale is free and clear of liens.

The stay of any sale pursuant to the terms of the Order as set
forth in Rule 6004(h) of the Federal Rules of Bankruptcy Procedure
is waived and the Debtor and the Purchasers may consummate the sale
approved immediately upon entry of the Order.

Within 10 days of the closing on the sale, the Purchaser will file
stipulations of dismissal with prejudice of any and all actions
against the Debtor, Pamela Tagliareni and Inspire Kids, LLC, and/or
any entities in which the Debtor and Pamela Tagliareni have or may
have an interest.

A copy of the Order will be served on all parties who are affected
by the action within five days of the date thereof.

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

   http://bankrupt.com/misc/James_Tagliareni_269_Order.pdf

James Tagliareni sought Chapter 11 protection (Bankr. D.N.J. Case
No. 17-14116) on March 2, 2017.  The Debtor tapped Joseph R Zapata,
Jr., Esq., at Mellinger, Sanders & Kartzman, LLC, as counsel.

On July 14, 2017, the Court appointed Weichert Realtors as a
realtor.

On May 25, 2018, the Debtor filed his Second Amended Plan of
Reorganization.


JESUITS OF WEST PROVINCE: Names of Sex Abusers Released
-------------------------------------------------------
The Society of Jesus, Jesuits of the West Province on Dec. 7, 2018,
released the names of living and deceased members of the religious
order who have been accused of sexual abuse.

The West province covers 10 states, including California and
encompasses the former Oregon province, which agreed in 2011 to pay
$166 million to about 500 people abused by Jesuit priests. The
settlement was part of a Chapter 11 bankruptcy reorganization.

The Jesuits West Province of the Society of Jesus was formed in
July of 2017 when the former California and Oregon Provinces were
merged into one.  It is comprised of Arizona, Alaska, California,
Hawaii, Idaho, Montana, Nevada, Oregon, Utah and Washington.

The list identified 111 men, including Father Donald McGuire, a
serial child sex abuser who spent many years in Chicago.

The list contains the names of Jesuits who are or were members of
Jesuits West Province, the former California Province and the
former Oregon Province, against whom a credible claim of sexual
abuse of a minor (under the age of 18) or a vulnerable adult has
been made.  Also included are the names of Jesuits from other
provinces against whom there are credible claims resulting from
their work while assigned to Jesuits West or the California or
Oregon Provinces; and Jesuits of the former Oregon Province with
credible claims already published as part of the Oregon bankruptcy
filing.  Finally, the list includes Jesuits listed in diocesan
bankruptcies or listed by other dioceses.  The list is available
at:

  
http://jesuitswest.org/Assets/Publications/File/JW_List_1207_English.pdf

The Society of Jesus, Oregon Province, filed for Chapter 11
bankruptcy protection (Bankr. D. Ore. Case No. 09-30938) on Feb.
17, 2009.  Alex I. Poust, Esq., Howard M. Levine, Esq., and Thomas
W. Stilley, Esq., at Sussman Shank LLP, served as the Debtor's
bankruptcy counsel.  In its schedules, the Debtor disclosed total
assets at $4,820,386 and total debt at $61,775,829 at the Petition
Date.

Oregon Province emerged from Chapter 11 bankruptcy in August 2011
after it agreed to pay $166 million to settle the claims of
hundreds of victims of clergy sexual abuse.  The claims spanned
from the 1950s to the 1980s and include victims across a five-state
region, including Washington, Oregon, Idaho, Montana, and Alaska.


KINGWOOD FOOD: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Kingwood Food Enterprises, Inc.
           dba King Food Store #2
        110 McClellan Road
        Kingwood, TX 77339

Business Description: Kingwood Food Enterprises, Inc. was formed
                      in 2006 for the purpose of constructing a
                      retail sundries and fuel facility to be
                      located on the expanding Kingwood area in
                      Northwest Harris County, Texas.  The
                      Debtor's assets consist of the real property
                      facility and fuel and grocery inventory.
                      The Company previously sought bankruptcy
                      protection on May 2, 2016 (Bankr. S.D. Tex.
                      Case No. 16-32304).

Chapter 11 Petition Date: December 11, 2018

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Case No.: 18-36943

Judge: Hon. Eduardo V Rodriguez

Debtor's Counsel: Margaret Maxwell McClure, Esq.
                  LAW OFFICE OF MARGARET M. MCCLURE
                  909 Fannin, Suite 3810
                  Houston, TX 77010
                  Tel: 713-659-1333
                  Fax: 713-658-0334
                  E-mail: margaret@mmmcclurelaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Sajjad Pasha, president.

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

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

          http://bankrupt.com/misc/txsb18-36943.pdf


KLC SAN DIEGO: Case Summary & 7 Unsecured Creditors
---------------------------------------------------
Debtor: KLC San Diego Enterprises, Inc.
          dba Keller Williams San Diego Metro
        2250 4th Avenue, Suite 100
        San Diego, CA 92101

Business Description: KLC San Diego Enterprises, Inc.
                      filed its Articles of Incorporation in the
                      State of California on May 18, 2000,
                      according to public records filed with
                      California Secretary of State.  The Company
                      operates in the offices of real estate
                      agents and brokers industry.

Chapter 11 Petition Date: December 11, 2018

Court: United States Bankruptcy Court
       Southern District of California (San Diego)

Case No.: 18-07336

Judge: Hon. Christopher B. Latham

Debtor's Counsel: K. Todd Curry, Esq.
                  CURRY ADVISORS, A PROFESSIONAL LAW CORP.
                  185 West F Street, Suite 100
                  San Diego, CA 92101
                  Tel: 619-238-0004
                  E-mail: tcurry@currylegal.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ashley M. Lunn, president/CEO.

A copy of the Debtor's list of seven unsecured creditors is
available for free at:

    http://bankrupt.com/misc/casb18-07336_creditors.pdf

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

           http://bankrupt.com/misc/casb18-07336.pdf


KY LUBE: Plan and Disclosures Hearing Scheduled for Jan. 3
----------------------------------------------------------
Bankruptcy Judge Thomas H. Fulton conditionally approved KY Lube
LLC's disclosure statement, dated Nov. 28, 2018, referring to its
chapter 11 plan.

A final hearing on the approval of the Disclosure Statement and
hearing on confirmation of the Debtor's Amended Chapter 11 Plan is
scheduled for Jan. 3, 2019 at 10:00 a.m. (Eastern Time) in
Courtroom #2, Fifth Floor, Gene Snyder Courthouse, 601 W. Broadway,
Louisville, Kentucky.

Objections to the disclosure statement and to the confirmation of
the amended plan must be filed no later than seven days.

Under the Plan, the general unsecured creditors, classified in
Class 4, will receive a distribution of 5% of their allowed
claims.
Between the Effective Date and the date that is five years after
the Effective Date, the Debtor shall make available for
distributions to holders of allowed Class 4 Claims the amount
necessary to pay each allowed Class 4 Claim, with no interest.

The Debtor will make quarterly payments to Class 4 general
unsecured creditors in the total amount of approximately $421.68.

Further, Mr. Yoo has a general unsecured claim for loans he
personally made to Debtor in the total amount of $596,838. The
Debtor will pay Mr. Yoo $0.00 on that claim under the Plan until
all of the other Class 4 Claims are paid their full amount. Once
the non-insider general unsecured creditors are paid 5% on their
claim, Mr. Yoo will be entitled to receive 5% on his claim.

A full-text copy of the Disclosure Statement, dated November 28,
2018, is available at:

     http://bankrupt.com/misc/kywb17-32876-130.pdf

                    About KY Lube LLC

The Kentucky Jiffy Lubes is locally owned and operated Jiffy Lubes
that service the Louisville and Lexington communities.  Its core
offering is the Jiffy Lube Signature Service Oil Change.

Based in Lexington, Kentucky, KY Lube LLC filed a Chapter 11
petition (Bankr. W.D. Ky. Case No. 17-32876).  The Debtor
estimated
less than $1 million in assets and liabilities.


LAMB WESTON: S&P Alters Outlook to Positive & Affirms 'BB' ICR
--------------------------------------------------------------
S&P Global Ratings revises its outlook on Lamb Weston Holdings Inc.
to positive from stable and are affirming all of its ratings on the
company, including the 'BB' issuer credit rating.

S&P said, "The positive outlook reflects Lamb Weston's favorable
operating outlook in its core markets and our expectation that the
company will sustain its credit measures near current levels,
including debt to EBITDA in the low 3x area. Absent an unexpected,
large debt-financed acquisition or share repurchase program, we
could upgrade the company in fiscal year 2020 (ending May 30, 2020)
if it continues to grow its EBITDA in line with our base-case
projections despite modestly increasing its debt balances,
primarily to fund its ongoing capacity expansion and dividends. Our
base-case projections assume steady low- to mid-single digit
percent annual growth in the company's top line from a combination
of higher volumes, better pricing, and stable EBITDA margins as its
improved pricing and economies of scale offset input cost
inflation.

"The positive outlook on Lamb Weston reflects our expectation that
it will continue to grow its EBITDA while sustaining debt to EBITDA
of near 3x given its favorable growth trends. The outlook also
reflects our belief that the company's margins will remain stable
given its strong economies of scale and pricing ability.

"We would raise our ratings on Lamb Weston if the company sustains
debt to EBITDA of near or below 3.5x after fiscal year 2019 (ending
May 30, 2019). We believe the company will modestly outperform this
expectation if it continues to generate mid-single-digit annual
percent  sales growth and sustains EBITDA margins near 20% while
modestly increasing its debt balances to fund its growth capital
expenditures and ongoing dividend.

"We could revise our outlook on Lamb Weston to stable if its
financial policies become more aggressive, including undertaking
either a large debt-financed acquisition or share repurchase
program. If the company increased its debt for either of these two
purposes and sustained leverage in the high 3x area, we would
likely revise our outlook to stable."


LONG BLOCKCHAIN: Establishes Joint Venture with Entrex
------------------------------------------------------
Long Blockchain Corp. has executed an agreement for a joint venture
with EHCo LLC, a holding company and the parent of Entrex Capital
Market, to scale Entrex's industry leading blockchain-enabled
alternative trading market.

The Joint Venture will provide a blockchain-enabled alternative
trading platform for international and domestic investors to find,
research, track, manage, trade, settle and service various asset
classes.  The Joint Venture will be led by Stephen H. Watkins, who
has founded multiple businesses that use technology to consolidate
decentralized business sectors.  To further develop the
relationship between Entrex and the Company, Mr. Watkins has also
agreed to be appointed to Long Blockchain's Board of Directors.
Andy Shape, the chief executive officer and a director of Long
Blockchain, will serve as a manager of the Joint Venture, along
with Mr. Watkins and a third, independent manager to be mutually
designated by Entrex and Long Blockchain.

In connection with its formation, Entrex contributed to the Joint
Venture all the intellectual property necessary to operate the
alternative trading platform.  Long Blockchain received a 10%
equity interest and Entrex received a 90% equity interest in the
Joint Venture.  In addition, as consideration for the contribution
of assets, Entrex will receive 20% of the cash received by the
Joint Venture as revenues each month, up to a maximum of
$57,000,000.  If the Joint Venture fails to make a required payment
of cash received as revenues, subject to certain conditions, Entrex
will have the right to repurchase the previously contributed assets
for nominal consideration.  If the Joint Venture reaches
$50,000,000 in revenues and $15,000,000 in EBITDA for any trailing
12 month period, Long Blockchain will have the right to acquire
Entrex's equity interest in the Joint Venture.

"Entrex's mission is to provide exposure, credibility and liquidity
for entrepreneurial companies and their investors," commented Mr.
Watkins.  "We were honored in 2015 to have our broker dealer manage
the first security to ever trade on a blockchain, Overstock.com's
TIGRcub Bond, and since then we have managed hundreds of securities
trading on the Entrex IBM Hyperledger, which we believe will become
one of the leading immutable ledgers."

"We believe our partnership with Entrex will facilitate Long
Blockchain's transition into the blockchain industry by leveraging
Entrex's proven blockchain-enabled technology platform.  Together,
we will seek to scale the platform across a range of industries and
types of assets, including interests in Opportunity Zone, cannabis
and entertainment properties, as well as corporate bonds," stated
Mr. Shape.

                     About Long Blockchain Corp.

Headquartered in Hicksville, New York, Long Blockchain Corp. --
http://www.longblockchain.com/-- is focused on developing and
investing in globally scalable blockchain-based financial
technology solutions.  It is dedicated to becoming a significant
participant in the evolution of blockchain technology that creates
long-term value for its shareholders and the global community by
investing in and developing businesses that are "on-chain".
Blockchain technology is fundamentally changing the way people and
businesses transact, and the Company will strive to be at the
forefront of this dynamic industry, actively pursuing
opportunities.  Its wholly-owned subsidiary Long Island Brand
Beverages, LLC operates in the non-alcohol ready-to-drink segment
of the beverage industry under its flagship brand 'The Original
Long Island Brand Iced Tea'.

Long Blockchain incurred a net loss of $15.21 million in 2017 and a
net loss of $10.44 million in 2016.  As of June 30, 2018, Long
Blockchain had $11.28 million in total assets, $3.68 million in
total liabilities, and $7.59 million in total stockholders'
equity.

Marcum LLP, the Company's auditor since 2014, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2017, citing that the
Company has a significant working capital deficiency, has incurred
significant losses and needs to raise additional funds to meet its
obligations and sustain its operations.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


MONITRONICS INTERNATIONAL: Launches Exchange Offer for 9.125% Notes
-------------------------------------------------------------------
Ascent Capital Group, Inc.'s wholly owned subsidiary, Monitronics
International, Inc., has launched a new offer to exchange
Monitronics' 5.500%/6.500% Senior Secured Second Lien Cashpay/PIK
Notes due 2023 for validly tendered (and not validly withdrawn)
Monitronics' 9.125% Senior Notes due 2020 and, in conjunction with
the Exchange Offer, a solicitation of consents by Monitronics to
certain proposed amendments to the indenture governing the Old
Notes.

The Exchange Offer and the Consent Solicitation are being made
concurrently with, and on the same terms as, the existing exchange
offer and consent solicitation announced by Monitronics on Nov. 5,
2018 and are available to any holders that are not eligible to
participate in the Concurrent Exchange Offer and the Concurrent
Consent Solicitation.  Between the Exchange Offer and the
Concurrent Exchange Offer, Monitronics is offering to exchange up
to $585,000,000 aggregate principal amount of New Notes for validly
tendered (and not validly withdrawn) Old Notes.

Under the terms of the Exchange Offer and the Consent Solicitation,
tenders of Old Notes may be withdrawn and Consents may be revoked
prior to 5:00 p.m., New York City time, on Jan. 10, 2019, but not
thereafter, subject to limited exceptions, unless such time is
extended.  The Exchange Offer will expire at 11:59 p.m., New York
City time, on Jan. 10, 2019.

The New Notes will be secured on a second priority basis by liens
on all of the outstanding stock of Monitronics and on substantially
all of the assets of Monitronics and the guarantors of the New
Notes, which have also been pledged on a first priority basis as
collateral to secure Monitronics' and such guarantors obligations
under Monitronics' existing senior secured credit agreement.
Interest payable in cash will accrue at a rate of 5.500% per annum
and interest payable by increasing the aggregate principal amount
of the outstanding New Notes or by issuing additional New Notes
will accrue at a rate of 6.500% per annum.

The Exchange Offer

Upon the terms and conditions set forth in the offering memorandum
and consent solicitation statement dated Dec. 11, 2018, Monitronics
is offering holders of Old Notes the opportunity to receive New
Notes in exchange for their Old Notes.  Participating holders that
validly tender (and do not validly withdraw) Old Notes prior to the
Expiration Time will receive $1,000 principal amount of New Notes
per $1,000 principal amount of such Old Notes.
  
The Consent Solicitation

In connection with the Exchange Offer, and on the terms and subject
to the conditions set forth in the Offering Memorandum, Monitronics
is soliciting consents from registered holders of Old Notes to the
Proposed Amendments to the Old Notes Indenture. Holders who tender
their Old Notes into the Exchange Offer will be deemed to have
submitted their Consent.  As of the date of the Offering
Memorandum, holders representing approximately 80.67% of the
aggregate outstanding principal amount of the Old Notes have
tendered their Old Notes in connection with the Concurrent Exchange
Offer.  Therefore, Monitronics has executed a supplemental
indenture giving effect to the Proposed Amendments, but the
Proposed Amendments therein will not become operative until
immediately prior to the acceptance of such Old Notes pursuant to
the Exchange Offer and the Concurrent Exchange Offer on the
Settlement Date.

The Proposed Amendments would (i) eliminate or waive substantially
all of the restrictive covenants and events of default contained in
the Old Notes Indenture and the Old Notes, and (ii) modify or
eliminate certain other provisions contained in the Old Notes
Indenture and the Old Notes, including certain provisions relating
to defeasance and to the minimum notice requirements for optional
redemption.  In addition, any Old Notes that remain outstanding
following the consummation of the Exchange Offer will become
effectively subordinated to the New Notes to the extent the value
of the collateral securing the New Notes, which is comprised of all
of outstanding stock and substantially all of the assets of
Monitronics and its subsidiaries.

Concurrent Exchange Offer and Consent Solicitation

Monitronics has also extended the early tender time and expiration
of the Concurrent Exchange Offer and Concurrent Consent
Solicitation to 11:59 p.m., New York City time, on Jan. 10, 2019.
The withdrawal deadline for the Concurrent Exchange Offer and
Concurrent Consent Solicitation has passed and Old Notes tendered
pursuant thereto may no longer be validly withdrawn except for
under the limited circumstances described in the offering
memorandum for the Concurrent Exchange Offer.

The Concurrent Exchange Offer is being made only (a) in the United
States to holders of Old Notes who are reasonably believed to be
"qualified institutional buyers" (as defined in Rule 144A under the
Securities Act) and (b) outside the United States to holders of Old
Notes who are persons other than U.S. persons in reliance upon
Regulation S under the Securities Act.

General

Consummation of the Exchange Offer is conditioned upon the
satisfaction or waiver of the conditions specified in the Offering
Memorandum, including, among others, the following: (i) an
amendment to Monitronics' Credit Facility, which amendment, among
other things, permits issuance of the New Notes, shall have become
effective on or prior to the Expiration Time and (ii) the issuance
of New Notes to eligible holders that tendered Old Notes pursuant
to the Concurrent Exchange Offer.  These conditions and the other
conditions to the Exchange Offer are described more fully in the
Offering Memorandum.  The Exchange Offer and the Consent
Solicitation and/or the Concurrent Exchange Offer and the
Concurrent Consent Solicitation may be amended, extended,
terminated or withdrawn by Monitronics for any reason in its sole
discretion.

Monitronics will not receive any cash proceeds from the Exchange
Offer, the Consent Solicitation or the issuance of the New Notes in
connection with the Exchange Offer.  The New Notes will be issued
pursuant to an indenture, dated as of the Settlement Date, among
Monitronics, the guarantors party thereto and Ankura Trust Company,
as trustee and collateral agent.  The New Notes will be fully and
unconditionally guaranteed, jointly and severally, on a senior
secured second priority basis by each of Monitronics' restricted
subsidiaries, including all of Monitronics' subsidiaries that own
any of its material assets.

The Exchange Offer is being made, and the New Notes are being
offered, in reliance on the exemption from the registration
requirements of the Securities Act of 1933, as amended, provided
under Section 3(a)(9) of the Securities Act.

D.F. King & Co., Inc. is acting as the Exchange Agent and
Information Agent for the Exchange Offer and the Consent
Solicitation. Requests for the offering documents from holders may
be directed to D.F. King & Co., Inc. by e-mail to
monitronics@dfking.com or by phone at (212) 269-5550 (for brokers
and banks) or (877) 674-6273 (for all others).

                       About Monitronics

Farmers Branch, Texas-based Monitronics International, Inc. --
http://www.mymoni.com/-- provides residential customers and
commercial client accounts with monitored home and business
security systems, as well as interactive and home automation
services.  The Company is supported by a network of independent
Authorized Dealers providing products and support to customers in
the United States, Canada and Puerto Rico.  Its wholly owned
subsidiary, LiveWatch is a Do-It-Yourself home security firm,
offering professionally monitored security services through a
direct-to-consumer sales channel.   Monitronics is a wholly-owned
subsidiary of Ascent Capital Group, Inc.  Monitroics was
incorporated in the state of Texas on Aug. 31, 1994.  At Dec. 31,
2017, the Company had more than 1,330 full-time employees and over
100 part-time employees, all of which are located in the United
States.

Monitronics reported net losses of $111.29 million in 2017, $76.30
million in 2016 and $72.44 million in 2015.  As of Sept. 30, 2018,
the Company had $1.70 billion in total assets, $1.90 billion in
total liabilities and a total stockholders' deficit of $202.90
million.

                         *     *     *

In September 2018, S&P Global Ratings lowered its issuer credit
rating on Monitronics to 'CC' from 'CCC'.  The downgrade follows
Monitronics' announcement on Aug. 30, 2018, of a proposed
transaction to exchange its 9.125% senior unsecured notes due 2020
for a combination of new $585 million cash and paid-in-kind (PIK)
(7.75% cash and 3.75% PIK) unsecured notes due 2023, up to $100
million of cash from parent company Ascent and warrants.
Monitronics is also proposing amendments to eliminate the
restrictive covenants governing the 2020 notes, including certain
events of default.

In July 2018, Moody's Investors Service, Inc., downgraded
Monitronics International's Corporate Family Rating to 'Caa2', from
'B3'.  The downgrade of Monitronics' CFR reflects strains on the
company's liquidity and capital structure caused by impending
maturities, as well as its continued lackluster operating
performance.


NEOVASC INC: Reports Positive 12-year Follow-up Data for Reducer
----------------------------------------------------------------
Neovasc Inc. said that the Journal of the American College of
Cardiology published new, peer reviewed Reducer data describing the
long-term clinical and anatomical follow-up of patients with severe
angina pectoris treated with the Neovasc Reducer 12 years ago.  The
publication is entitled: "First-in-Human Use of Coronary Sinus
Reducer in Patients With Refractory Angina."

"This new data demonstrates the ultimate success of the Reducer for
the treatment of refractory angina, with proof of sustained
efficacy and complete safety for these patients 12 years after
implantation," commented Fred Colen, Neovasc's president and chief
executive officer.  "This data demonstrates the long-term
integrity, patency, and sustained efficacy of the Reducer.  As
such, it will play an important role in our effort to generate
greater awareness for the Reducer as we look to become the
standard-of-care for patients suffering from angina pectoris
refractory to medical and interventional therapies in Europe."  

The publication is based on a prospective, non-randomized,
single-arm anatomic and clinical evaluation of patients who
underwent Reducer implantation at a single medical center as part
of the first-in-human clinical study.  Seven patients described in
the article were electively implanted with the Reducer in 2005.
All had chronic refractory angina and evidence of reversible
myocardial ischemia.  At 12 years, all seven patients reported
sustained improvement of angina class compared with baseline
status.  The primary outcome at 12 years was confirmation of the
position, integrity, and patency of the Reducers by computed
tomography angiography (CTA).  CTA results were analyzed by the
medical center and an independent core laboratory.

The authors show that all 7 Reducers were patent 12 years following
implantation, with no signs of strut fractures, dislocation,
thrombosis, or migration, and with sustained improvement in angina
class at 6 months and 3 years, also maintained at 12-year
follow-up.  They conclude that in patients with chronic refractory
angina, treatment with the Reducer presents a reasonable, safe, and
durable option for symptomatic relief and improved quality of
life.

                       About Neovasc Inc.

Based in Richmond, British Columbia, Neovasc Inc. --
http://www.neovasc.com/-- is a specialty medical device company
that develops, manufactures and markets products for the rapidly
growing cardiovascular marketplace.  Its products include the
Neovasc Reducer, for the treatment of refractory angina, which is
not currently available in the United States and has been available
in Europe since 2015, and the Tiara, for the transcatheter
treatment of mitral valve disease, which is currently under
clinical investigation in the United States, Canada and Europe.

Neovasc reported a net loss of US$22.91 million for the year ended
Dec. 31, 2017, compared to a net loss of US$86.49 million for the
year ended Dec. 31, 2016.  As of Sept. 30, 2018, the Company had
US$17.37 million in total assets, US$32.06 million in total
liabilities, and a total deficit of US$14.69 million.

Grant Thornton issued a "going concern" opinion in its report on
the consolidated financial statements for the year ended Dec. 31,
2017, stating that the Company incurred a consolidated net loss of
US$24.86 million during the year ended Dec. 31, 2017, and, as of
that date, the Company's consolidated current liabilities exceeded
its current assets by US$6.06 million.  The auditors said these
conditions, along with other matters, indicate the existence of a
material uncertainty that casts substantial doubt about the
Company's ability to continue as a going concern.


NORTHERN OIL: Amends Resale Prospectus of 91 Million Shares
-----------------------------------------------------------
Northern Oil and Gas, Inc. has filed with the Securities and
Exchange Commission an Amendment No. 1 to its Form S-3 registration
statement relating to the possible resale or other disposition,
from time to time, of up to 91,009,840 shares of the Company's
common stock, par value $0.001 per share by Pivotal Williston
Basin, LP, Pivotal Williston Basin II, LP and W Energy Partners
LLC.  The Company is registering these shares of its Common Stock
to provide the Selling Stockholders with freely tradable
securities.  The registration of the shares of the Company's Common
Stock covered by this prospectus does not necessarily mean that any
shares of its Common Stock will be sold by the Selling
Stockholders, and the Company cannot predict when or in what
amounts the Selling Stockholders may sell any of the shares offered
by this prospectus.  The prices at which the Selling Stockholders
may sell the shares will be determined by prevailing market prices
or at prices that may be obtained in negotiated transactions.

Northern Oil is not selling any shares of its Common Stock under
this prospectus, and it will not receive any proceeds from any sale
or other disposition by the Selling Stockholders of the shares of
its Common Stock covered by this prospectus.  The Company has,
however, agreed to pay certain fees and expenses incident to its
contractual obligations to register these shares of its Common
Stock.

The Selling Stockholders may sell the shares of Common Stock from
time to time in market transactions on the NYSE American or any
other market where the securities may be traded, in privately
negotiated transactions, through one or more underwriters,
broker-dealers or agents, or with a combination of these or any
other legally available methods, and at fixed prices, at prevailing
market prices at the time of sale, at varying prices determined at
the time of sale or at negotiated prices.

The Company's Common Stock is listed on the NYSE American under the
symbol "NOG."  On Dec. 10, 2018, the closing sale price of its
Common Stock was $2.25 per share.

A full-text copy of the Registration Statement is available for
free at https://is.gd/MBeJ2Z

                        About Northern Oil

Minnetonka, Minnesota-based Northern Oil and Gas, Inc. --
http://www.NorthernOil.com/-- is an independent energy company
engaged in the acquisition, exploration, development and production
of oil and natural gas properties, primarily in the Bakken and
Three Forks formations within the Williston Basin in North Dakota
and Montana.  The Company's common stock trades on the NYSE
American market under the symbol "NOG".

Northern Oil reported a net loss of $9.19 million in 2017, a net
loss of $293.5 million in 2016, and a net loss of $975.4 million in
2015.  As of Sept. 30, 2018, the Company had $1.06 billion in total
assets, $1.05 billion in total liabilities and $11.20 million in
total stockholders' equity.


NORTHERN OIL: Provides Financial Statements of W Energy
-------------------------------------------------------
As previously announced, on Oct. 1, 2018 Northern Oil and Gas, Inc.
completed the acquisition of certain oil and gas properties and
interests from an affiliate of W Energy Partners LLC, effective as
of July 1, 2018.

On Oct. 23, 2018, the Company filed with the Securities and
Exchange Commission a registration statement on Form S-3, file no.
333-227945, to register certain shares of the Company's common
stock, par value $.001 per share, including shares issued and
potentially issuable to W Energy as consideration for the W Energy
Acquisition.

In connection with the pending Registration Statement and in
accordance with the requirements of Article 11 of Regulation S-X,
the unaudited pro forma financial statements of the Company for the
year ended Dec. 31, 2017, and as of and for the nine months ended
Sept. 30, 2018, are available for free at:

                         https://is.gd/0PUVjW

In connection with the pending Registration Statement and in
accordance with the requirements of Rule 3-05 of Regulation S-X,
the unaudited consolidated financial statements of W Energy as of
Sept. 30, 2018, and for the three- and nine-month periods ended
Sept. 30, 2018 and 2017 are available for free at:

                          https://is.gd/X6bnif

As of Sept. 30, 2018, W Energy had $156.87 million in total assets,
$16.86 million in total liabilities and $140 million in members'
capital.

For the three months ended Sept. 30, 2018, W Energy reported net
income of $12.57 million on $26.83 million of oil and gas sales,
compared to net income of $2.34 million on $7.38 million of oil and
gas sales for the three months ended Sept. 30, 2017.

For the nine months ended Sept. 30, 2018, the Company reported net
income of $31.55 million on $68.24 million of oil and gas sales
compared to net income of $8.61 million on $21.71 million of oil
and gas sales for the same period in 2017.

                        About Northern Oil

Minnetonka, Minnesota-based Northern Oil and Gas, Inc. --
http://www.NorthernOil.com/-- is an independent energy company
engaged in the acquisition, exploration, development and production
of oil and natural gas properties, primarily in the Bakken and
Three Forks formations within the Williston Basin in North Dakota
and Montana.  The Company's common stock trades on the NYSE
American market under the symbol "NOG".

Northern Oil reported a net loss of $9.19 million in 2017, a net
loss of $293.5 million in 2016, and a net loss of $975.4 million in
2015.  As of Sept. 30, 2018, the Company had $1.06 billion in total
assets, $1.05 billion in total liabilities and $11.20 million in
total stockholders' equity.


NOVA CHEMICALS: S&P Affirms 'BB+' Rating on Senior Unsecured Debt
-----------------------------------------------------------------
S&P Global Ratings said it revised its recovery rating on NOVA
Chemical Corp.'s senior unsecured notes to '4' from '3'. The 'BB+'
issue-level rating on the notes is unchanged. The '4' recovery
rating reflects S&P's expectation for average (30%-50%; rounded
estimate 30%) recovery for the unsecured noteholders in S&P's
simulated default scenario.

The rating action follows the company's announcement that it has
upsized its revolving credit facility to US$1.5 billion from US$1.2
billion and has secured a delayed term loan facility of US$500
million. S&P estimates this increase of secured debt within the
company's capital structure should result in reduced prospects for
unsecured noteholders in its hypothetical default scenario.

S&P said, "We believe that NOVA will use proceeds from the term
loan to pay an estimated US$1 billion settlement related to the Dow
Chemical Co. lawsuit. The company might also have to incur
additional costs related to damages for the period beyond 2012.
Furthermore, the increased liquidity provides the company with
sufficient financial flexibility as it invests in ongoing growth
projects. Because we had largely incorporated the payment into our
forecast and we net all the cash from our calculation of the
adjusted debt, the proposed term loan does not have an impact on
our credit measures. We continue to expect that NOVA will maintain
its fully adjusted three-year, weighted-average funds from
operations debt above 30% over the next 12 months. As a result, our
'BB+' long-term issuer credit rating and stable outlook on the
company are unchanged."

RECOVERY ANALYSIS

Key analytical factors

S&P said, "We have updated our recovery assumptions to incorporate
the upsize in the revolving credit facility and delayed draw term
loan issuance. We have valued NOVA on a going-concern basis using a
5.5x multiple of our estimate of the company's fixed charges in the
default year.

"We estimate that, for NOVA to default, EBITDA would need to
decline significantly, representing a material deterioration in
olefins prices. We assume the company's upsized corporate revolver
of US$1.5 billion is 85% drawn and the delayed draw term loan is
fully drawn in the default year. We also estimate a 25% draw on
NOVA's accounts receivable securitization program. We assume that
the delayed draw term loan ranks pari passu with the revolving
credit facility. We estimate that, for the company to default,
EBITDA would need to decline significantly, representing a
substantial deterioration from the current state of its business.

"Our recovery analysis assumes that, in a hypothetical bankruptcy
scenario, senior unsecured creditors could expect average (30%-50%;
rounded estimate 30%) recovery."

Simulated default assumptions

-- Simulated year of default: 2023
-- Emergence EBITDA after recovery adjustments: About US$560
million
-- EBITDA multiple: 5.5x

Simplified waterfall

-- Net enterprise value (after 5% administrative expenses): US$2.9
billion
-- Valuation split in % (obligors/non-obligors): 100/0
-- Priority claims: US$1.8 billion
    --Recovery expectations: Not applicable
-- Collateral value available to unsecured claims: US$1.2 billion
-- Senior unsecured debt and pari passu claims: US$3.3 billion
    --Recovery expectations: 30%-50% (rounded estimate 30%)
All debt amounts include six months of prepetition interest.

  RATINGS LIST
  NOVA Chemicals Corp.
  Issuer credit rating    BB+/Stable/--

  Rating Unchanged/Recovery Rating Revised

                                          To        From
  Senior unsecured notes                  BB+       BB+
   Recovery rating                        4(30%)    3(50%)



PHELAN HALLINAN: Prelim Objection Ruling in Johnson Suit Affirmed
-----------------------------------------------------------------
In the case, EDELLA JOHNSON (A/K/A EDELLA ROBINSON A/K/A EDELLA
ROBINSON JOHNSON), ERIC JOHNSON, INDIVIDUALLY AND ON BEHALF OF
OTHER SIMILARLY SITUATED FORMER AND CURRENT HOMEOWNERS IN
PENNSYLVANIA. Appellants, v. PHELAN HALLINAN & SCHMIEG, LLP, Case
No. 359 WDA 2017 (Pa. Super.), Judge Mary Jane Bowes of the
Superior Court of Pennsylvania affirmed the Feb. 6, 2017 order
sustaining the preliminary objections in the nature of a demurrer
filed by Phelan.

On May 23, 2002, EdElla Johnson, also known as EdElla Robinson and
EdElla Robinson Johnson, and Eric Johnson executed a mortgage and
associated promissory note in the amount of $74,000.  The mortgage
was secured by property located at Collins Avenue, Pittsburgh,
Allegheny County.  That instrument was duly delivered, recorded,
and subsequently assigned to the Bank of New York Mellon Trust Co.
In December 2008, they defaulted on the mortgage.

On March 31, 2009, Mellon, through its counsel, Phelan, filed a
complaint in mortgage foreclosure, asserting, inter alia, that the
Johnsons owed $1,300 in attorney fees.  After a non-jury trial, the
trial court found in favor of Mellon.  The Johnsons appealed that
decision, and the Court affirmed.

On March 23, 2012, while the foreclosure action was pending, the
Johnsons initiated the instant class action against Phelan.  In
their complaint, they alleged, inter alia, that Phelan violated
section 406 of the Pennsylvania Loan Interest and Protection Law
("Act 6"), by pursuing an award of attorney fees in the mortgage
foreclosure action that were not actually incurred.  The Johnsons
argued further that the same harm had been suffered by other former
and current Pennsylvania homeowners against whom Phelan had filed
foreclosure complaints.  In reliance on section 502 of Act 6,3
which provides remedies for violations of section 406, the Johnsons
claimed that they and other similarly-situated mortgagors were
entitled to treble damages for excess attorney fees assessed by
Phelan.

Phelan filed preliminary objections in the nature of a demurrer,
contending that section 406 applies solely to residential mortgage
lenders, and not to their foreclosure counsel.  On May 2, 2012, the
trial court sustained Phelan's preliminary objections, and
consolidated the matter for appeal with another case raising
similar issues, Glover v. Udren Law Offices, P.C., docketed in the
Allegheny County Court of Common Pleas at GD-11-18015.

In the consolidated appeal, the Court affirmed the trial court's
order, and determined that a residential mortgage debtor can only
maintain a cause of action for a violation of section 406 against a
residential mortgage lender, and not against their foreclosure
counsel.  Subsequently, the Pennsylvania Supreme Court reversed,
holding that foreclosure counsel constituted a "person" for
purposes of section 502, and, thus, a borrower may recover under
section 502 from any entity that collects excessive attorney's fees
in connection with a foreclosure.  However, the High Court offered
no opinion regarding the term "collected," as used in section 502,
and remanded the matter for further proceedings.

On remand, Phelan again filed preliminary objections in the nature
of a demurrer.  However, for the first time, it asserted that the
Johnsons were barred from pursuing relief under Act 6 because their
$74,000 mortgage did not qualify as a "residential mortgage" under
section 101 of the Act, as their mortgage exceeded the $50,000
statutory limit in effect at the time it was executed in 2002.  The
Johnsons maintained that the court should apply the version of
section 101 in effect in 2009, at the time the foreclosure action
was commenced, which raised the limit for a "residential mortgage"
from $50,000 to $217,873.  

On Nov. 30, 2016, the trial court sustained Phelan's preliminary
objection based on collateral estoppel.  The Johnsons filed a
motion for reconsideration, which Phelan opposed, and the Johnsons
filed a reply in support of their motion.  The trial court granted
reconsideration so that the three remaining preliminary objections
could be ruled upon.

On Feb. 6, 2017, the trial court sustained the first preliminary
objection on the basis that the version of section 101 in effect at
the time the mortgage was executed was controlling, and the
Johnsons were precluded from bringing an action against Phelan
under Act 6 because their mortgage was not a "residential mortgage"
under the Act.

The Johnsons filed a timely notice of appeal.  Since the trial
court did not order the Johnsons to file a Pa.R.A.P. 1925(b)
concise statement of errors complained of on appeal, the court did
not issue a Pa.R.A.P. 1925(a) opinion, and instead entered an order
indicating its reliance on its Feb. 6, 2017 opinion and order.

The Johnsons raise five questions for the Court's consideration:

     1. Did the prior decisions of the Pennsylvania appellate
courts, and the Pennsylvania agencies that were delegated by the
Legislature to regulate Act 6, as amended in 2008, erroneously
interpreted the statutory language of new Act 6?

     2. Did the lower court err when it concluded that a district
court decision discussing considerably different issues under Act 6
enacted in 1974, as amended, with respect to quite different loan
transactions, constitute error as a matter of law?

     3. Did the lower court err in holding that the general rule
that contracts cannot be regulated applies to the contracts of
highly regulated banks engaged in mortgage financing?

     4. Did the lower court err in holding that the general rule
that the attorney fee terms of a contract cannot be regulated
although the Pennsylvania Supreme Court held that, because an
attorney has no vested rights in the attorney fee terms, they can
be regulated?

     5. Did the lower court err when it failed to follow Supreme
Court's earlier mandate and remand in Glover?

Judge Bowes concludes that the Johnsons' mortgage is not a
residential mortgage protected by Act 6.  The mortgage simply did
not meet section 101's definition of a "residential mortgage"
because the principal amount exceeded the $50,000 limit for
residential mortgages in place at the time the transaction was
consummated in 2002.  The 2008 amendment to Act 6 cannot be
retroactively applied to their 2002 mortgage.  Since the Johnsons'
mortgage is not a "residential mortgage" under the Act, they are
without a predicate violation of Act 6 for which they can recover
under section 502.

The Judge therefore holds that the trial court did not err in
sustaining Phelan's preliminary objections in the nature of a
demurrer on the basis that the Johnsons failed to state a claim
under the Act.

Order affirmed.

A full-text copy of the Court's Nov. 28, 2018 Decision is available
at https://is.gd/xHWWGN from Leagle.com.

Michael P. Malakoff, for Appellants, Eric Johnson and EdElla
Johnson.

Rachel Anne Labush, Community Legal Services of Philadelphia, for
Amicus, Regional Housing Legal Services, Philadelphia Legal
Assistance, Pennsylvania Legal Aid Network, Neighborhood Legal
Services Association, Community Legal Services and Community
Justice Project.

Jonathan J. Bart -- jbart@wilentz.com -- Wilentz, Goldman &
Spitzer, P.A., for Appellee, Phelan Hallinan & Schmieg LLP.



PREMIER DENTAL: S&P Affirms 'B-' ICR Amid Recent Acquisitions
-------------------------------------------------------------
S&P Global Ratings affirmed both the 'B-' issuer credit rating on
Premier Dental and its 'B-' issue-level rating on its senior
secured facility. S&P's '3' recovery rating is unchanged.

Although the recent Access Dental Services (ADS) and South Texas
Dental (STX) acquisitions increase Premier Dental Services Inc.'s
scale and geographic diversification, we believe the company still
has a small scale of operations in a competitive and
fragmented--albeit consolidating--market with low barriers to
entry, geographic concentration in California (over 70% of
revenues), and high exposure to government payors. The company also
faces integration risks from these sizable acquisitions, but they
are partially offset by its clout with the state policymaker due to
its large presence in California and its status as one of the
larger dental support organizations (DSOs) in the U.S.

The stable outlook reflects S&P Global Ratings' expectation that
Premier Dental will increase revenue in the low- to
mid-double-digit percent range in 2018 and 2019, aided by its
ability to perform more orthodontics procedures and favorable
reimbursement rates that fuel same-office growth, complemented by
acquisitions and new office openings. S&P also projects adjusted
margins to steadily improve and remain in the mid-teens percentage
range, as the company continues to sell higher margin orthodontics
procedures and newer offices become more established. Discretionary
cash flows continue to be very modest as the company funds its
working capital and expansion program.

S&P could consider lowering the rating should Premier Dental
experience persistent cash flow deficits caused by unexpected cuts
to Denti-Cal program eligibility, reimbursement rate cuts, or
significant bad debt balances. In addition, an economic downturn in
California could lead to lower discretionary procedures and cash
flow deficits. In this scenario, a 350 basis-point decline in
EBITDA margins from our base case and flat revenue growth would
result in FOCF deficits.

S&P said, "We view an upgrade in the next year as unlikely due to
the company's geographic concentration, exposure to government
reimbursement, and relatively small size, and that the recent
acquisition of ADS and STX only modestly improves these metrics. We
could consider a higher rating if Premier Dental increases its
geographic diversity away from California, lessens its dependence
on Denti-Cal, and establishes a track record of positive
discretionary cash flows in the $15 million-$20 million range. We
would view deleveraging below 5x as temporary because we expect the
company to be acquisitive and to maintain an aggressive financial
policy due to its private equity owners."


PRESSURE BIOSCIENCES: Stockholders Elect Two Class I Directors
--------------------------------------------------------------
Pressure BioSciences, Inc. held a special meeting in lieu of the
annual meeting of stockholders on Dec. 6, 2018.  At the Meeting,
the stockholders elected Jeffrey N. Peterson and Michael S. Urdea
as Class I directors until the 2021 Annual Meeting of Stockholders.
The appointment of MaloneBailey LLP as the Company's independent
auditors for fiscal year 2018 was also ratified.

                    About Pressure Biosciences

South Easton, Massachusetts-based Pressure BioSciences --
http://www.pressurebiosciences.com/-- is engaged in the
development and sale of innovative, broadly enabling,
pressure-based solutions for the worldwide life sciences industry.
The Company's products are based on the unique properties of both
constant (i.e., static) and alternating (i.e., pressure cycling
technology) hydrostatic pressure.  PCT is a patented enabling
technology platform that uses alternating cycles of hydrostatic
pressure between ambient and ultra-high levels to safely and
reproducibly control bio-molecular interactions.

Pressure Biosciences incurred a net loss of $10.71 million in 2017
compared to a net loss of $2.70 million in 2016.  As of Sept. 30,
2018, the Company had $2.25 million in total assets, $7.47 million
in total liabilities, and a total stockholders' deficit of $5.21
million.

In their report dated April 2, 2018 with respect to the Company's
consolidated financial statements for the years ended Dec. 31,
2017, MaloneBailey, LLP, in Houston, Texas, the Company's
independent registered public accounting firm since 2015, expressed
substantial doubt about the Company's ability to continue as a
going concern.  The auditors stated that the Company has a working
capital deficit, has incurred recurring net losses and negative
cash flows from operations.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


PROMISE HEALTHCARE: Sale of Quantum's San Diego Property Approved
-----------------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware authorized the bidding procedures in
connection with the sale by Promise Healthcare Group, LLC and its
affiliates of Quantum Properties, L.P.'s mental health
rehabilitation center known as Crestwood - San Diego located at
5500 University Avenue, San Diego, California and all easements and
rights appurtenant thereto as designated in the Purchase and Sale
Agreement dated Nov. 12, 2018 to National Health Investors, Inc.
for $15 million, subject to overbid.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Dec. 10, 2018 at 9:00 a.m. (ET)

     b. Initial Bid: $15.5 million

     c. Deposit: $3,875,000

     d. Auction: The Debtors will conduct the auction at the
offices of DLA Piper LP, 1201 North Market Street, Suite 2100,
Wilmington, Delaware on Dec. 10, 2018 at 11:00 a.m. (ET)

     e. Bid Increments: $50,000

     f. Sale Hearing: Dec. 11, 2018 at 11:00 a.m. (ET)

     g. Closing: Dec. 31, 2018

Subject to the Reservation of Rights, the Expense Reimbursement
($350,000) and the Break-Up Fee ($450,000) are approved as allowed
administrative expense claims, and authorized to be paid, pursuant
to the terms of the Stalking Horse Agreement out of the proceeds of
any consummated sale of any of the Purchased Assets without further
Order of the Court.

The Order will be immediately effective and enforceable upon its
entry.

A copy of the PSA and the Bidding Procedures attached to the Order
is available for free at:

    http://bankrupt.com/misc/Promise_Healthcare_258_Order.pdf

                     About Promise Healthcare

Established in 2003, Promise Healthcare is a specialty post-acute
care health company headquartered in Boca Raton, Florida.

Promise Healthcare Group, LLC and its affiliates sought bankruptcy
protection on November 4, 2018 (Bankr. D. Del. Lead Case No. Case
No. 18-12491). The petition was signed by Andrew Hinkelman, chief
restructuring officer.

The Debtors have total estimated assets of $0 to $50,000 and total
estimated liabilities of $50 million to $100 million.

The Debtors tapped DLA Piper LLP and Waller Lansden Dortch & Davis,
LLP as general counsel; FTI Consulting, as financial and
restructuring advisor; Houlihan Lokey and MTS Health Partners,
L.P., as investment bankers; and Prime Clerk LLC as claims agent.


PROTEA BIOSCIENCES: Sale of Assets to Blackwater Approved
---------------------------------------------------------
Judge Patrick M. Flatley of the U.S. Bankruptcy Court for the
Northern District of West Virginia authorized Protea Biosciences,
Inc. and Protea Biosciences Group, Inc., to sell assets to
Blackwater Group, LLC for $950,000 plus 5% of any funds the Buyer
receives from AzurRx over $1 million on account of the Azur
Assets.

A hearing on the Sale Motion was held on Nov. 27, 2018 at 2:30 p.m.
The objection deadline is Nov. 26, 2018 at 5:00 p.m.

The Closing will occur by Dec. 31, 2018, or on such other date as
may be mutually agreed between the Debtors and the Buyer.

The sale is free and clear of all Interests of any kind
whatsoever.

Notwithstanding the possible applicability of Bankruptcy Rules
6004, 6006, 7062, 9014, or otherwise, the terms and conditions of
the Order will be immediately effective and enforceable upon its
entry.  The Debtors are not subject to any stay in the
implementation, enforcement or realization of the relief granted in
the Order, and either may, in its discretion and without further
delay, close the transactions contemplated under the APA and take
any action and perform any act authorized under the Order.

                   About Protea Biosciences

Headquartered in Morgantown, West Virginia, Protea Biosciences Inc.
-- https://www.proteabio.com/ -- is a bioanalytics technology
company that provides analytical and diagnostic solutions for the
rapid and direct identification, mapping and display of the
molecules present in living cells and biological samples.

Protea Biosciences, Inc., and its affiliate Protea Biosciences
Group, Inc., sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. W.Va. Case Nos. 17-01200 and 17-01201) on Dec. 1,
2017.

At the time of the filing, Protea Biosciences disclosed $5.16
million in assets and $13.64 million in liabilities.  Protea
Biosciences Group disclosed $2.7 million in assets and $18.2
million in liabilities.

Judge Patrick M. Flatley presides over the case.  

The Debtors hired Buchanan Ingersoll & Rooney PC as their legal
counsel; and Compass Advisory Partners, LLC, as their restructuring
advisor.

The U.S. Trustee for Region 7 appointed an official committee of
unsecured creditors in the Debtors' cases.  Leech Tishman Fuscaldo
& Lampl, LLC, is the Committee's legal counsel and Johnson Law,
PLLC, is its local counsel.


QUINCY MEDIA: S&P Alters Outlook to Stable & Affirms 'B+' ICR
-------------------------------------------------------------
U.S.-based television broadcaster Quincy Media Inc. has agreed to
acquire KVOA-TV in Tucson, Ariz. for $70 million and WSIL-TV in
Southern Illinois for $24.5 million. S&P expects acquisitions will
be funded with incremental debt, causing leverage to remain above
its 3.5x upgrade threshold.

S&P Global Ratings revised its outlook on Quincy to stable from
positive. S&P also affirmed all of its ratings on Quincy, including
its 'B+' issuer credit rating.

S&P said, "The outlook revision to stable reflects our expectation
that Quincy Media Inc. will pursue debt-funded acquisitions that,
on average, will prevent leverage from remaining below our 3.5x
upgrade threshold. We do not envision Quincy making large
acquisitions, but believe it could acquire several individual TV
stations or small groups of stations to improve its scale and
geographic reach. We believe there will be more acquisition
opportunities for Quincy as larger TV broadcasters pursue
acquisitions that require divestitures to remain compliant with the
Federal Communications Commission's (FCC's) national and local
television ownership rules. Quincy has a track record of voluntary
debt repayment using discretionary cash flow, which could result in
leverage below 3.5x over the next year barring additional
acquisitions. However, we would view this as temporary until
capital could be redeployed toward additional acquisitions.

"Our rating continues to reflect Quincy's limited size and scale,
with U.S. household reach of approximately 3%." This is
significantly lower compared to rated peers such as E.W. Scripps
and Gray Television that reach more than 20% of households.
Further, the company's focus on small and midsize television
markets offers smaller pools of advertising revenue than larger
markets served by peers. Given the size of its markets, not all
virtual multichannel video programming distributors (MVPD) have
expanded into Quincy's markets yet, which has made it more
difficult for Quincy to recapture subscribers that cancel
traditional MVPD offerings in favor of other viewing platforms.
Additionally, S&P believes significant revenue concentration in the
Midwest makes Quincy susceptible to some profit volatility because
it relies on only a few states for most of its political
advertising revenue. These states could see large swings in
profitability due to the political environment in any given
political election year. Like other television broadcasters, Quincy
also faces potential risk from the cyclical nature of television
advertising and secular advertising shifts toward digital
platforms, which has slowed core advertising growth over the past
few years.

Still, growth from stable net retransmission revenue (gross
retransmission revenue less affiliate fees) and significant
political advertising revenue from swing states in election years
have lessened the impact of slowing core advertising revenue
growth. Quincy has the no. 1 or 2 ranked stations by revenue in
most of its markets, primarily due to its focus on high-quality
news programming and typically less competitive smaller markets.
S&P expects Quincy will achieve record political advertising
revenue in 2018 because of highly competitive races in its markets,
despite it being a nonpresidential election year. While Quincy's
EBITDA margins are somewhat reduced by its lower-margin newspaper
and non-television segments (around 8% of pro forma revenue), its
margins in the low-30% area are in line with the industry average
for television broadcasters (between 30%-35%).

S&P said, "The stable outlook reflects our expectation that
although leverage could improve modestly to the low-3x area over
the next year through organic growth, we believe the company will
more likely make additional acquisitions that could elevate
leverage above 3.5x.

"While unlikely over the next year, we could lower the rating if
operating performance weakens, causing leverage to increase above
4.5x on a sustained basis. This could occur if there is an economic
downturn that causes advertisers to pull back on television ad
spending, a drop in 2020 political advertising spending from 2016
levels, net retransmission revenue declines because of higher
affiliate fees or fewer subscribers, or a combination of these
factors. Alternatively, we could lower the rating if Quincy pursues
a large debt-funded acquisition that causes leverage to increase
above 4.5x on a sustained basis, although we would also need to
consider the degree of operational benefits associated with such a
material acquisition.

"We view an upgrade as unlikely over the next year given the
possibility of increased leverage to fund acquisitions. However, we
could consider an upgrade if the company materially improved its
scale and geographic diversity while maintaining leverage between
3.5x-4.5x, which would likely come from acquisitions of highly
ranked stations. Alternatively, we could raise the rating if we
believe Quincy will maintain leverage below 3.5x for a prolonged
time, including the potential for debt-funded acquisitions."



QUOTIENT LIMITED: Expects to Receive $64.6MM from Stock Offering
----------------------------------------------------------------
Quotient Limited., on Dec. 6, 2018, entered into an underwriting
agreement with Jefferies LLC and Cowen and Company, LLC, as
representatives of the several underwriters, in connection with the
public offering, issuance and sale by the Company of 9,230,770 of
its ordinary shares of no par value per share, at the public
offering price of $6.50 per share, less underwriting discounts and
commissions, pursuant to an effective registration statement on
Form S-3 (File No. 333-226800) and a related prospectus supplement
filed with the Securities and Exchange Commission.  Under the terms
of the Underwriting Agreement, the Company granted the Underwriters
an option, exercisable for 30 days from the date of the Prospectus
Supplement, to purchase up to 1,384,615 additional ordinary shares
from the Company at the public offering price, less underwriting
discounts and commissions.  On Dec. 7, 2018, the Underwriters
exercised in full the Additional Share Option.

The Company expects to receive net proceeds from the offering of
approximately $64.6 million, after deducting underwriting discounts
and commissions and estimated offering expenses payable by it.

The offering closed on Dec. 11, 2018.  The Underwriting Agreement
contains customary representations, warranties and agreements by
the Company, conditions to closing, indemnification obligations of
the Company and the Underwriters, including for liabilities under
the Securities Act of 1933, as amended, and termination provisions.


                       About Quotient Limited

Penicuik, United Kingdom-based Quotient Limited is a
commercial-stage diagnostics company committed to reducing
healthcare costs and improving patient care through the provision
of innovative tests within established markets.  With an initial
focus on blood grouping and serological disease screening, Quotient
is developing its proprietary MosaiQTM technology platform to offer
a breadth of tests that is unmatched by existing commercially
available transfusion diagnostic instrument platforms.  The
Company's operations are based in Edinburgh, Scotland; Eysins,
Switzerland and Newtown, Pennsylvania.

As of Sept. 30, 2018, the Company had $154.53 million in total
assets, $169.27 million in total liabilities and a total
shareholders' deficit of $14.73 million.  Quotient reported a net
loss of $82.33 million for the year ended March 31, 2018, compared
to a net loss of $85.06 million for the year ended March 31, 2017.

The report from the Company's independent accounting firm Ernst &
Young LLP, in Belfast, United Kingdom, the Company's auditor since
2007, on the consolidated financial statements for the year ended
March 31, 2018, contains a "going concern" explanatory paragraph.
The auditor stated that the Company has recurring losses from
operations and planned expenditure exceeding available funding, and
has stated that substantial doubt exists about the Company's
ability to continue as a going concern.


RIO MALL: Auction Sale of Assets Set for Dec. 14
------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Rio Mall, LLC's bidding procedures
in connection with the auction sale of the (i) tract or tracts of
land, containing approximately 17.87 acres, located generally at
3801 Route 9 South, Rio Grande, New Jersey, 08242, Tax Block 1450,
Lots 5 & 10, Assessor's Parcel Number 0601450-000005, together with
all improvements in and on the Land, including a multi-tenanted
shopping center commonly known as the Rio Mall and containing
approximately 175,424 square feet of enclosed building area and
related improvement, all easements, if any, benefiting the Land,
and all rights and appurtenances pertaining to the foregoing, if
any, including any right, title and interest of Seller, if any, in
and to adjacent streets, alleys or rights-of-way; (ii) Leases;
(iii) tangible personal property; and (iv) other property.

A hearing on the Motion was held on Dec. 7, 2018.

Due diligence inquiries by prospective bidders will be coordinated
through counsel for the Debtor and NAI Mertz, Attn. Fred Meyer
(Broker), 21 Roland Avenue, Mount Laurel, NJ 08054, telephone (856)
802-6515; mobile (609) 410-9223; email: fred.meyer@naimertz.com.

The Property will be sold free and clear of all liens, claims,
encumbrances and interests, with all monetary liens to attach to
the sale proceeds.

The bid deadline is at 2:00 p.m. (EST) on Dec. 13, 2018.  The
qualified bidder must deposit an amunt equal to $100,000 made
payable to Shraiberg, Landau & Page, P.A. along with the SSN or EIN
of the bidding person or entity.  Reasonable financial information
from which the Debtor can assess the wherewithal of the bidder is
to close on the Sale by Dec. 28, 2018 in the event that the bidder
is the successful bidder.

The Auction will be conducted on at the offices of Dilworth Paxson
LLP, which are located at, 457 Haddonfield Road, Suite 700, Cherry
Hill, New Jersey 08002, at 12:30 p.m. on Dec. 14, 2018.  At the
Auction, qualified bidders may make competing bids to purchase the
Property in minimum bid increments of $50,000.  The credit bidders
will not be bound by the minimum bid increment requirement.  

The Auction will conclude when the Debtor, in consultation with
Investors Bank, receives what it considers to be the highest and
best offer to purchase the Property.  The Debtor may also identify
an acceptable backup bidder.

The Court will conduct the Sale Hearing on Dec. 21, 2019 at 2:00
p.m.

Prior to the Auction, the Debtor, in consultation with Investors
Bank, will evaluate each Qualifying Bid Packet submitted in
accordance herewith. In the event a person qualifies as a Qualified
Bidder, the Debtor will immediately notify and inform such person
that it may participate in the Auction.  Any such Qualified Bidder
consents to its bid being designated as a back-up bid.

Credit bidders are not required to submit a Qualifying Bid Packet
and will be entitled to bid at the Auction.

The Debtor will file and serve upon all interested parties entitled
to receive notice, including the holders of qualified bids, fully
executed copies of the Qualified Bids to be considered at the
Auction no later than 8:00 p.m. on Dec. 13, 2018.  The Debtor (or
NAI Mertz on behalf of the Debtor) will notify all qualified
bidders, no later than 8:00 p.m. (EST) on Dec. 13, 2018 that they
may participate in the Auction.

If any qualified bidder designates any unexpired leases to be
excluded from the Sale, the Debtor will file a notice of the same
prior to the Auction and provide notice to the appropriate
counterparties.  Thereafter, if such bidder becomes the successful
bidder, subject to any timely objection, the order approving the
Sale may provide for the assumption and assignment of all
applicable unexpired leases of the Debtor.

The Sale, and recording of the deed transferring the Property, is
exempt from realty transfer taxes pursuant to N.J.S.A. 46:15-10(g)
and §1107 of the Bankruptcy Code.

                         About Rio Mall

Rio Mall, LLC, is a real asset company whose principal assets are
located at 3801 Route 9 South Rio Grande, NJ 08242.

Rio Mall, LLC filed a Chapter 11 petition (Bankr. S.D. Fla. Case
No. 18-17840), on June 28, 2018.  In the petition signed by Bruce
Frank, manager, the Debtor estimated assets and liabilities at $1
million to $10 million.  The case is assigned to Judge Erik P.
Kimball.  Bradley S. Shraiberg, Esq., at Shraiberg Landau & Page
PA, is the Debtor's counsel.  No official committee of unsecured
creditors has been appointed in the Chapter 11 case.


ROBERT WRIGHT: Corbett's Auction of Personal Property Approved
--------------------------------------------------------------
Judge Thomas B. McNamara of the U.S. Bankruptcy Court for the
District of Colorado authorized Robert E. Wright and Carla S.
Wright to sell their personal property assets, including furniture,
fixtures and equipment identified on Exhibit A, at public auction
to be conducted by Corbett's Auction House.

The Debtors are authorized to pay the allowed secured claims of the
Internal Revenue Service and the Colorado Department of Revenue
from the net proceeds, after paying Corbett’s Auction House, from
the sale of their Personal Property Assets.

To the extent the secured claims of the IRS or the CDOR in the
Debtors' personal property are not satisfied by the proposed sale,
their liens will remain attached to the Debtors' personal property
not sold to the same extent and in the same priority as such liens
attached to all Debtors' personal property.

The Debtors are authorized to pay Corbett's Auction House its fees
and reimburse its expenses from the proceeds from the sale of their
Personal Property Assets.

Any unsold Personal Property Assets will be returned to the
Debtors.

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

          http://bankrupt.com/misc/Robert_Wright_453_Sales.pdf

Robert E. Wright and Carla S. Wright sought Chapter 11 protection
(Bankr. D. Colo. Case No. 17-13391) on April 17, 2017.  The Debtors
tapped Jeffrey Weinman, Esq., as counsel.  On Nov. 14, 2018, the
Court approved Corbett's Auction House as auctioneer.



RONALD GOODWIN: AllMetal Buying Three El Dorado Parcels for $103K
-----------------------------------------------------------------
Ronald A. Goodwin and Michelle L. Goodwin ask the U.S. Bankruptcy
Court for the District of Kansas to authorize the sale to AllMetal
Recycling, LLC of the following three real estate located in Butler
County, Kansas: (i) commonly known as 615 N. Industrial Rd., El
Dorado, Kansas for $38,500; (ii) commonly known as 174 Purity
Springs, El Dorado, Kansas to AllMetal for $34,100; and (iii)
commonly known as 417 N. Industrial Rd., El Dorado, Kansas for
$30,250.

A hearing on the Motion is set for Jan. 10, 2019 at 10:30 a.m.  The
objection deadline is Dec. 31, 2018.

The Parcels are collectively identified as "Tract 6" on Exhibit 2
to the Debtors' Second Amended Chapter 11 Plan.  They were
auctioned by McCurdy Auction, LLC via the format of "Bidder's
Choice."  The Buyer placed the winning bid on each of the three
parcels during three consecutive rounds of the "Bidder's Choice"
auction.

The purchase price correlating to each of the three parcels
includes a 10% Buyer's Premiums that was added to the Buyer's
winning bids.  Those Buyer's Premiums are due to McCurdy Auction,
LLC per its listing agreement with the Debtors and will not be
included in the sale proceeds distributed.

For Parcel 1, the purchase price of $38,500 includes the Buyer's
winning bid of $35,000 and a Buyer's Premium of $3,500.  For Parcel
2, the purchase price of $34,100 is comprised of the Buyer's
winning bid of $31,000 and a Buyer's Premium of $3,100.  For Parcel
3, the purchase price of $30,250 is comprised of the Buyers'
winning bid of $27,500 and a Buyer's Premium of $2,750.

The Debtors have not claimed the Real Estate as exempt.  The Real
Estate will be sold in its present, "as is" condition, with no
express or implied warranties; and subject to all rights of way and
easements of record.

The Real Estate will be sold free and clear of all liens and
encumbrances of record, including, without limitation, the
following: (i) mortgage dated Aug. 4, 2011, recorded Aug. 19, 2011,
at Book 2012, page 9636, made by Goodwin Properties, LLC to Vince
Wilson in the amount of $125,000; and (ii) Federal Tax Lien
recorded April 18, 2016 at Book 2016, page 2774, Book UCC16, Page
110, against Ronald A. Goodwin & Michelle L. Goodwin in the amount
of $210,983, and any other amounts due thereunder.

From the proceeds of the sale of Parcel 1, the Debtors will pay, in
descending order, the following:

     a. Delinquent general taxes and special assessments
attributable to the Real Estate for the fiscal years 2014 through
2017 in the aggregate amount of $4,966, plus any other amounts due
thereunder;

     b. The Debtors' share of the unpaid general taxes and
assessments attributable to the Real Estate for fiscal year 2018,
prorated to the date of closing, plus any other amounts due
thereunder;

     c. The Debtors' share of the closing expenses for title
insurance, recording fees and other related fees;

     d. Attorneys' fees and expenses for legal work performed by
the Debtors' counsel related to the sale;

     e. The outstanding balance on the first mortgage of secured
creditor Vince Wilson set forth;

     f. The balance on the tax lien of the Internal Revenue
Service; and

     g. The remainder, if any, to the class of general unsecured
creditors in the Debtors' Chapter 11 case for distribution based
first on priority and then, to equally situated claims, pro rata.

From the proceeds of the sale of Parcel 2, the Debtors will pay, in
descending order, the following:

     a. Delinquent general taxes and special assessments
attributable to the Real Estate for the fiscal years 2014 through
2017 in the aggregate amount of $2,671, plus any other amounts due
thereunder;

     b. The Debtors' share of the unpaid general taxes and
assessments attributable to the Real Estate for fiscal year 2018,
prorated to the date of closing, plus any other amounts due
thereunder;

     c. The Debtors' share of the closing expenses for title
insurance, recording fees and other related fees;

     d. Attorneys' fees and expenses for legal work performed by
the Debtors' counsel related to the sale;

     e. The outstanding balance on the first mortgage of secured
creditor Vince Wilson;

     f. The balance on the tax lien of the Internal Revenue
Service; and

     g. The remainder, if any, to the class of general unsecured
creditors in the Debtors' Chapter 11 case for distribution based
first on priority and then, to equally situated claims, pro rata.

From the proceeds of the sale of Parcel 3, the Debtors will pay, in
descending order, the following:

     a. Delinquent general taxes and special assessments
attributable to Parcel 3 for the fiscal years 2014 through 2017 in
the aggregate amount of $6,186, plus any other amounts due
thereunder;

     b. the Debtors' share of the unpaid general taxes and
assessments attributable to Parcel 3 for fiscal year 2018, prorated
to the date of closing, plus any other amounts due thereunder;

     c. The Debtors' share of the closing expenses for title
insurance, recording fees and other related fees;

     d. Attorneys' fees and expenses for legal work performed by
the Debtors' counsel related to the sale of Parcel 3; and

     e. The balance to the class of unsecured creditors in the
Debtors' Chapter 11 case for distribution based first on priority
and then, to equally situated claims, pro rata.

The Debtors also ask, pursuant to Fed.R.Bankr.P. 6004(c), for
authority to sell the Real Estate free and clear of liens and
encumbrances.  If the Debtors' motion is granted, the sale of the
Real Estate will be free and clear of all liens and encumbrances.
Any liens and encumbrances will attach to the proceeds from the
sale.

They further ask the Court to cancel the 14-day stay set forth at
Fed.R.Bankr.P. 6004(h).

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

    http://bankrupt.com/misc/Ronald_Goodwin_318_Sales.pdf

Ronald A. Goodwin and Michelle L. Goodwin sought Chapter 11
protection (Bankr. D. Kan. Case No. 16-12205) on Nov. 8, 2017.  The
Debtors tapped Mark J. Lazzo, Esq., as counsel.



SCOTTY'S HOLDINGS: Case Summary & 6 Unsecured Creditors
-------------------------------------------------------
Lead Debtor: Scotty's Holdings, LLC
             3855 E. 96th Street, Suite J
             Indianapolis, IN 46240

Business Description: Scotty's Brewhouse is a craft beer sports
                      bar with 16 locations throughout Indiana,
                      Illinois, Ohio, Florida, and Texas.  The
                      original Scotty's Brewhouse was opened in
                      Muncie, Indiana in 1996.  Scotty's Brewhouse

                      is known for its unique burgers, fried
                      pickle chips and local craft beer.  Visit
                      https://www.scottysbrewhouse.com for more
                      information.

Chapter 11 Petition Date: December 11, 2018

Court: United States Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Thirteen affiliates that simultaneously filed voluntary petitions
seeking relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                            Case No.
    ------                                            --------
    Scotty's Holdings, LLC                            18-09243
    A Pots & Pans Production, LLC                     18-09244
    Scotty's Thr3e Wise Men Brewing Company, LLC      18-09245
    Scotty's Brewhouse, LLC                           18-09246
    Scotty's Brewhouse Bloomington, LLC               18-09248
    Scotty's Brewhouse West Lafayette, LLC            18-09250
    Scotty's Indianapolis, LLC                        18-09251
    Scotty's Brewhouse Downtown Indianapolis, LLC     18-09252
    Scotty's Brewhouse Mishawaka, LLC                 18-09253
    Scotty's Brewhouse Fort Wayne, LLC                18-09255
    Scotty's Brewhouse Carmel, LLC                    18-09256
    Scotty's Brewhouse Butler, LLC                    18-09257
    Scotty's Brewhouse Waco, LLC                      18-09258

Judge: Hon. Jeffrey J. Graham

Debtors' Counsel:     Lucy R. Dollens, Esq.
                      Christopher Combest, Esq.
                      Isaac M. Gabriel, Esq.
                      QUARLES & BRADY LLP
                      135 N. Pennsylvania St., Suite 2400
                      Indianapolis, Indiana 46204
                      Tel: (317) 957-5000
                      Fax: (317) 957-5010
                      Emails: lucy.dollens@quarles.com
                              christopher.combest@quarles.com
                              isaac.gabriel@quarles.com

Scotty's Holdings'
Estimated Assets: $1 million to $10 million

Scotty's Holdings'
Estimated Liabilities: $1 million to $10 million

Scotty's Brewhouse's
Estimated Assets: $100,000 to $500,000

Scotty's Brewhouse's
Estimated Liabilities: $100,000 to $500,000

The petitions were signed by Berekk Blackwell, executive manager of
Scotty's Holdings.

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

       http://bankrupt.com/misc/insb18-09243.pdf

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

       http://bankrupt.com/misc/insb18-09246.pdf


SCOTTY'S HOLDINGS: Files for Chapter 11, to Close 4 Locations
-------------------------------------------------------------
Indianapolis-based Scotty's Holdings, LLC, and its affiliates,
owners of the Scotty's Brewhouse and Scotty's Thr3E Wise Men
Brewing Company restaurant and bars, sought bankruptcy protection
on Dec. 11, 2018, and immediately conveyed plans to close 4
locations by the end of the year.

"The process we have initiated today will allow us the opportunity
to emerge stronger and better position the Company for growth,"
said Brand President Chris Martin, in a statement. "We will close
locations that are not profitable by the end of this year.
Additionally, the company moving forward will focus its efforts on
growing the brand through franchising as well as management
agreements.  These actions will allow us to provide better service
to our guests and strategically expand with new locations in the
future."

On the day that they sought bankruptcy protection, the Debtors
filed a motion to reject unexpired leases for four bar/restaurant
locations.

The Debtors said they intend to close four of their locations as
quickly as possible and, in any event, before the end of December
2018.  The closing locations are those owned and operated by
Scotty's Brewhouse, LLC (Muncie, Indiana); Scotty's Brewhouse
Carmel, LLC (Carmel, Indiana); Scotty's Brewhouse Downtown
Indianapolis, LLC (Indianapolis, Indiana), and Scotty's Brewhouse
Waco, LLC (Waco, Texas).

Lucy R. Dollens, Esq., at QUARLES & BRADY LLP, explains in court
filings the basis for the closing of the four locations:

  (a) Muncie Location: The Muncie Location was the Debtors'
original "Brewhouse" location; however, after two decades, it no
longer draws enough business to remain profitable and also requires
remodeling to bring it up to the Debtors' current standard of
operations.  Moreover, in the Debtors' judgment, the rent expense
at the Muncie Location is not justified by the location and the
revenue generated there.

  (b) Downtown Location: The Downtown Location has experienced a
significant increase in competition in a crowded downtown market.
Even absent the increased competition, the Downtown Location
historically generated little or no profit, while drawing on
management resources that could be more productively deployed at
more profitable locations.  The Downtown Location is also in need
of significant remodeling to enable it to operate up to the
Debtors' current standard of operations; the lease is nearing its
end, and the landlord has not been willing to reduce the rent or
commit significant dollars for a remodel.

  (c) Carmel Location: The Carmel Location has never been
profitable itself, and its close proximity to certain of the
Debtors' other restaurants has cannibalized revenue from those
other locations. Moreover, the rent expense for the Carmel Location
is unjustified by the Debtors' revenue levels there.

  (d) Waco Location: The Waco market is over saturated with casual
dining restaurants; further, Debtors understand that additional
competition will be opening close to the Waco Location in the near
future.  A criminal incident that occurred near the Waco Location
has also impacted the Debtors' business there.  Finally, the
distance of the Waco Location from Debtors' core geographic area
makes it logistically and financially more burdensome to oversee
than Debtors' other locations.

                     About Scotty's Holdings

Scotty's Brewhouse -- https://www.scottysbrewhouse.com/ -- is a
craft beer sports bar with 17 locations throughout Indiana,
Illinois, Ohio, Florida, and Texas.  The original Scotty's
Brewhouse was opened in Muncie, Indiana in 1996.  Scotty's
Brewhouse is known for its unique burgers, fried pickle chips and
local craft beer.  A sister brand, Thr3e Wise Men, has two
locations in Indiana: Broad Ripple and Muncie.

Parent company Scotty's Holdings, LLC, restaurant management
services provider A Pots & Pans Production, LLC, and 11 affiliates
that each own Scotty's Brewhouse or Thr3e Wise Men locations sought
Chapter 11 protection (Bankr. S.D. Ind. Lead Case No. 18-09243) on
Dec. 11, 2018.

The Hon. Jeffrey J. Graham is the case judge.

QUARLES & BRADY LLP is the Debtors' counsel.

Scotty's Holdings' estimated assets of $1 million to $10 million
and liabilities of the same range.


SENIOR CARE CENTERS: Dec. 14 Meeting Set to Form Creditors' Panel
-----------------------------------------------------------------
William T. Neary, United States Trustee, for Region 6, will hold an
organizational meeting on December 14, 2018, at 10:00 a.m. in the
bankruptcy case of Senior Care Center, LLC, et al.

The meeting will be held at:

         United States Trustee Meeting Room
         Earle Cabell Federal Building
         1100 Commerce Street, Room 524
         Dallas, Texas 75242

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.

                    About Senior Care Centers

Senior Care Centers, LLC -- https://senior-care-centers.com/ -- is
a Dallas-based, skilled nursing and long-term care industry leader
in Texas and Louisiana.  Senior Care Centers operates and manages
more than 100 skilled nursing and assisted/independent living
communities in the states of Texas and Louisiana.

On Dec. 4, 2018, Senior Care Centers and 120 of its subsidiaries
filed voluntary Chapter 11 petitions (Bankr. N.D. Tex. Lead Case
No. 18-33967).

The Debtors tapped POLSINELLI PC as bankruptcy counsel; HUNTON
ANDREWS KURTH LLP as conflicts counsel; SITRICK AND COMPANY as
communications consultant; and OMNI MANAGEMENT GROUP, INC. as
claims agent.


SKYLINE RIDGE: Court Approves Cinco Disclosure Statement
--------------------------------------------------------
The Bankruptcy Court has considered the Amended Disclosure
Statement for Cinco Plan Of
Reorganization Dated September 18, 2018, filed by Cinco Soldados,
LLC, and has determined that the Disclosure Statement contains
adequate information to allow creditors to make informed decisions
regarding the Proponent's Cinco Plan.

Accordingly, the Disclosure Statement is approved.

The Court will consider whether to confirm the Plan at a hearing on
January 23, 2019, at 10:45 a.m.  Any objection to the plan must be
filed by January 16, 2019.

Cinco's Amended Disclosure Statement provides that Cinco seeks to
pay all creditor claims in full immediately by settling its dispute
with the Debtor over a promissory note secured by a deed of trust.

The dispute with Cinco shall be settled for a cash payment.  This
payment will fund full payment to all creditors.  The Debtor will
retain its property free of liens and claims except as provided in
the Cinco Plan.

Class 10: Unsecured Claims of Trustee Trudy Nowak.  This Class
shall consist of Allowed Claims of the Chapter 7 Trustee Trudy
Nowak, in her capacity as trustee and not in her individual
capacity, for the Chapter 7 bankruptcy estate of In re RL Ventures,
LLC, Chapter 7 Case # 4:16-ap-00512-SHG.  All claims shall be
resolved by a compromise under the Cinco Plan wherein the Trustee
receives $160,000 on the Distribution Date and the parties exchange
mutual releases.  The adversary proceeding will be dismissed.

Class 11: Unsecured Claims of Non-Insiders.  This Class shall
consist of Allowed Claims of persons or entities who are not
insiders which are not Secured Claims and are not otherwise
classified in the Cinco Plan.  All such Allowed Claims shall be
paid in full, in cash, on the later of (i) the Distribution Date;
or (ii) the date such claim becomes an Allowed Claim, or at such
other date and upon such other terms as may be agreed upon by the
holder of the Allowed Claim and Cinco or ordered by the Court, and
at such times as are mutually agreeable to the respective parties.
However, Cinco Soldados shall accept in lien of any payment the
compromise provided in the Cinco Plan.

Class 12: Insider Unsecured Claims.  All Allowed Claims held by
insiders shall be paid in full, in cash, on the later of the
Distribution Date or 30 days after entry of a final order
determining the amount of any such claim that is Disputed.  All
claims of security interests in the Debtor's personal property or
any of the Debtor's real property held by insiders shall be avoided
unless specifically allowed as set forth in the Cinco Plan.

Class 13: Ownership.  All rights of Ahmad N. Zarifi, who is the
Debtor's owner, are in this class.  The rights of equity interest
holders are unimpaired.

In consideration of receipt of the Settlement Payment on the
Effective Date, the Debtor and Cinco shall exchange mutual
releases, dismiss all pending actions without prejudice, each
party
to bear its own attorneys' fees, and the Debtor shall release all
liens and claims upon property of Cinco.  The Debtor's release of
Cinco would explicitly include the Skyline Ridge Loan.  The
Settlement Payment shall be calculated as follows:

   * If Mr. Zarifi accepts the plan, the Settlement Payment will
be
$3,171,953 less payments received by Skyline Ridge on the Skyline
Ridge Loan after November 21, 2018.

   * If Mr. Zarifi rejects the offer, the payment will be
$2,650,000 less payments received by Skyline Ridge on the Skyline
Ridge Loan after November 21, 2018.

Skyline and Mr. Zarifi shall remove all trash, equipment and other
property dumped by Zarifi/Skyline on the Rancho Soldados
development property within 60 days of the Effective Date and shall
not dump any property of any kind on the development property in
the future.  The obligation to remove property may be enforced by
this Court's order as a contempt of court in accordance with
applicable law.

Except as specifically provided herein, nothing in the Cinco Plan
shall affect the rights or liabilities of Chris Sheafe or his
affiliates, and Ahmad Zarifi or his affiliated (other than
Skyline), with respect to Cinco Soldados.  For the avoidance of
doubt, the proposed compromise resolves only the liability of
Cinco
Soldados under the Secured Promissory Note dated July 21, 2006 and
Deed of Trust recorded on July 25, 2006, both as amended, made to
Skyline Ridge.  This means, without limitation, that each of
Messrs. Zarifi and Sheafe retain their membership interests in and
personal claims against Cinco Soldados.  The rights and
obligations
of the members would be governed by the Operating Agreement of
Cinco Soldados LLC entered into as of July 17, 2006, as amended.
Sheafe and Cinco Soldados assert, and Ahmad Zarifi disputes, that
the First Amendment to Operating Agreement of Cinco Soldados LLC
effective as of December 1, 2006 is operative.  Cinco Soldados
would also be subject to any agreements it has made, from time to
time, whether to Ahmad Zarifi, Sheafe, or otherwise.

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

      http://bankrupt.com/misc/azbke18-01908-0217.pdf

                     About Skyline Ridge

Based in Tucson, Arizona, Skyline Ridge, LLC, is an Arizona
limited
liability company categorized under residential contractor.

Skyline Ridge filed for chapter 11 bankruptcy protection (Bankr.
D.
Ariz. Case No. 18-01908) on March 1, 2018.  In the petition signed
by Ahmad Zarifi, managing member and sole owner, the Debtor
estimated assets at $1 million to $10 million and estimated
liabilities at $1 million to $10 million.

The Court appointed Sue Hill as the Debtor's licensed real and
estate agent, and Long Realty, as the licensed real estate broker.


SKYLINE RIDGE: Willpower Properties Buying Two Tucson Parcels
-------------------------------------------------------------
Skyline Ridge, LLC, asks the U.S. Bankruptcy Court for the District
of Arizona to authorize the sale of the following two parcels: (i)
located at 6513 N Calle De La Lluvia, Tucson, Arizona, Pima County
Tax Parcel # 109-29-3190; and (ii) located at 6555 N Turnberry,
Tucson, Arizona, Pima County Tax Parcel # 109-03-730A, to Willpower
Properties, LLC.

The Real Estate Purchase Contract between the Debtor and Willpower,
was attached to the Motion as Exhibit 1.  At page 8 of the original
6513 Lluvia contract, there was a provision that the Buyer's real
estate agent was to be paid a 1% commission, by the Seller.  That
provision has been replaced by the attached Addendum to the 6513
Lluvia contract that now provides that Willpower will pay such
commission to the Buyer's real estate agent as its sole
responsibility.  That addendum has been added onto the actual
contract which is in the possession of Stewart Title awaiting close
of escrow.  Any Order Approving the Sale will provide that the
payment of any real estate commission to the Buyer's agent is the
sole responsibility of the Buyer, Willpower.

An addendum will be added onto the Turnberry Real Estate Purchase
Contract to modify the payment of a commission to the "Buyer's
Agent" as set forth.  That provision has been replaced by the
attached Addendum to the Turnberry contract that now provides that
Willpower will pay such commission to the Buyer's real estate agent
as its sole responsibility.  That addendum has been added onto the
actual contract which is in possession of Stewart Title awaiting
close of escrow.  Any Order Approving the Sale will provide that
the payment of any real estate commission to the Buyer's agent is
the sole responsibility of the Buyer, Willpower.  Finally, a
preliminary title policy on the Turnberry Property would be
obtained from Stewart Title and filed with the Court.

A copy of the Contracts and Addendum attached to the Motion is
available for free at:

       http://bankrupt.com/misc/Skyline_Ridge_227_Sales.pdf

                       About Skyline Ridge

Based in Tucson, Arizona, Skyline Ridge, LLC, is an Arizona limited
liability company categorized under residential contractor.
Skyline Ridge filed for chapter 11 bankruptcy protection (Bankr. D.
Ariz. Case No. 18-01908) on March 1, 2018.

In the petition signed by Ahmad Zarifi, managing member and sole
owner, the Debtor estimated assets at $1 million to $10 million and
liabilities at the same range.

Michael Baldwin, PLC, is the Debtor's attorney.

The Court approved Sue Hill as the Debtor's licensed real and
estate agent, and Long Realty, as the licensed real estate broker,
and Sue Hill and Long Realty, as the realtor.


STARION ENERGY: Used Chapter 11 as "Bad Faith Tactic", Says Mass.
-----------------------------------------------------------------
The Commonwealth of Massachusetts filed on Dec. 10, 2018, a motion
to dismiss the Chapter 11 case of electricity supplier Starion
Energy Inc.

The Commonwealth says the bankruptcy petitions of Starion Energy
Inc., Starion Energy NY, Inc., and Starion Energy PA, Inc., should
be dismissed because the companies have not met their burden to
establish that petitions were filed in good faith.

"[The] Debtors' bankruptcy filings are the latest in a series of
bad faith tactics Starion has employed in an attempt to evade
accountability in Massachusetts for its unfair and deceptive trade
practices in violation of Massachusetts' consumer protection and
telemarketing laws.  These maneuvers involved false statements and
material omissions to federal and state court judges in multiple
jurisdictions, in addition to numerous other examples of deceitful
conduct during the course of the Attorney General's investigation
into Starion's fraudulent business practices in the Commonwealth.
Even setting Starion's deceptive pre-petition conduct aside,
however, Starion simply has not demonstrated, as it must, that its
bankruptcy filings were made in good faith.  It is clear from
Starion's own Petitions as well as its postpetition business
maneuverings, that it was not and is not in serious financial
distress, it lacks a valid bankruptcy purpose, and it is merely
trying to use the bankruptcy process as its latest litigation
tactic to avoid the consequences in Massachusetts state court of
its unfair business practices in the Commonwealth, " says Nathan C.
Forster, Assistant Attorney General, in court filings.

                       About Starion Energy

Founded in 2009, Starion Energy -- https://www.starionenergy.com/
–- is a competitive electric supplier that markets and sells
electricity to retail customers.  Starion participates in certain
"deregulated" markets -- markets in which the state has allowed
third-party energy providers to market and sell electricity supply
as an alternative to the electric supply procured and provided by
the customers' utility.  It has operations in Connecticut,
Delaware, District of Columbia, Illinois, Massachusetts, Maryland,
New Jersey, New York, Ohio, and Pennsylvania.  Based in Middlebury,
Connecticut, Starion Energy is a member of the Retail Energy Supply
Association (RESA).

Starion Energy and its affiliates, Starion Energy PA, Inc. and
Starion Energy NY, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 18-12608) on Nov. 14,
2018.  At the time of the filing, Starion Energy disclosed
$26,888,675 in assets and $6,956,141 in liabilities.

The Hon. Mary F. Walrath is the case judge.

Gellert Scali Busenkell & Brown, LLC, is the Debtors' legal
counsel.



TERRA MILLENNIUM: S&P Affirms 'B' ICR on Credit Covenant Amendment
------------------------------------------------------------------
Terra Millennium Corp. recently amended its senior secured credit
facility to relax its maximum leverage covenant over the next few
quarters while outstanding balances on a large project are settled
in arbitration.

S&P Global Ratings affirmed its 'B' issuer credit rating and
issue-level ratings. The stable outlook on Terra Millennium
reflects its belief that the company will maintain earnings over
the next 12 months as a result of contributions from acquisitions,
recurring revenue streams, and the increased proportion of time and
materials contracts.

The affirmation reflects the additional headroom under the maximum
leverage covenant, following a recent amendment to the company's
credit agreement. The company's cash flow and credit measures have
been somewhat weaker than expected, following the completion of a
large project for a customer in early 2018 that had a number of
outstanding balances undergoing arbitration. S&P said, "However, we
believe the company will sustain its earnings over the next 12
months due to the contribution from acquisitions completed earlier
in this fiscal year and its recurring revenue streams with an
increased proportion of time and materials contracts, which we view
more favorably than fixed-price contracts. In fiscal 2019, we
expect free operating cash flow (FOCF) to debt will return to
positive territory and adjusted debt to EBITDA will decline below
5x."

S&P said, "The stable outlook on Terra Millennium reflects our
belief that the company will maintain earnings over the next 12
months with contributions from the acquisitions completed earlier
in this fiscal year and its recurring revenue streams, with an
increased proportion of time and materials contracts, which we view
more favorably than fixed-price contracts. In fiscal 2019, we
expect FOCF to debt will return to positive territory and adjusted
debt to EBITDA will decline below 5x.

"We could lower our ratings on Terra Millennium during the next 12
months if it appears likely that its FOCF generation will remain
negative or if we believe adjusted debt to EBITDA will increase
above 6x on a sustained basis. This could occur because of
lower-than-expected arbitration proceeds, meaningful deterioration
in the company's EBITDA margins due to the loss of key projects, or
a material debt-financed transaction.

"An upgrade is unlikely over the next 12 months given our belief
that Terra Millennium's financial policies will remain aggressive
over the medium term under its financial sponsor. However, we could
raise our ratings if we believe the company is committed to
maintaining a FOCF-to-debt ratio of greater than 5%, it
demonstrates sustained debt reduction (with leverage approaching
4x), and we believe leverage will remain at this reduced level."


TORTIA INVESTMENTS: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Tortia Investments, LLC
        330 Day Road
        Gilroy, CA 95020

Business Description: Tortia Investments, LLC owns in fee
                      simple a property located at 3881 Ronda Rd.
                      Pebble Beach, CA with a current value of
                      $5.62 million.  The Company previously
                      sought bankruptcy protection on Sept. 29,
                      2016 (Bankr. N.D. Calif. Case No. 16-52798).

Chapter 11 Petition Date: December 11, 2018

Court: United States Bankruptcy Court
       Northern District of California (San Jose)

Case No.: 18-52732

Judge: Hon. Stephen L. Johnson

Debtor's Counsel: Charles B. Greene, Esq.
                  LAW OFFICE OF CHARLES B. GREENE
                  84 W. Santa Clara St. #800
                  San Jose, CA 95113
                  Tel: (408) 279-3518
                  E-mail: cbgattyecf@aol.com
                          cbgreeneatty@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Tortia, managing member.

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

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

            http://bankrupt.com/misc/canb18-52732.pdf


TRICORBRAUN HOLDINGS: S&P Lowers ICR to 'B-', Outlook Stable
------------------------------------------------------------
Plastic and glass packaging distributor TricorBraun Holdings Inc.
is issuing an add-on term loan. The company has not made sufficient
progress in reducing its very high debt leverage since the
sponsor-to-sponsor sale in 2016.

S&P Global Ratings is thus lowering its issuer credit rating on
TricorBraun and its subsidiaries by one notch to 'B-'.

S&P also lowered its issue-level ratings on TricorBraun's debt in
conjunction with the issuer credit rating. The recovery ratings
remain unchanged.

S&P said, "We anticipate that TricorBraun Holdings Inc. will use
the proceeds of the add-on term loan to reduce revolver borrowings
and to fund general corporate purposes, which may include
acquisitions.

"The stable outlook on TricorBraun reflects our view that the
company's adjusted debt-to-EBITDA ratio will remain in the 7x-8x
range during 2019, though we expect it to make progress in reducing
debt leverage while maintaining adequate liquidity. The outlook
encompasses our view that macroeconomic conditions will support
demand for company's products while its operating results improve
somewhat from its investments in the sales channel, information
technology, and working capital efficiency.

"We could lower our rating on TricorBraun if credit measures and/or
liquidity degrade, either via additional debt-funded acquisitions
or an unexpectedly large shareholder distribution. We could also
lower the rating if weak operating conditions cause the company's
results to come in below our expectations. Based on our forecast
downside scenario, we could lower our ratings on the company if its
operating margins fail to rebound while its volumes stay flat. We
note that there is a springing covenant on the revolver, and a
reduction in the headroom under the covenant to less than 10% could
be a catalyst for lower ratings.

"We could raise our rating in the next year if the company's
operating performance improves meaningfully, stemming from the
realization of benefits from management's investment and
productivity initiatives along with contributions from the
company's acquisitions. Sufficient improvement could result in
TricorBraun reducing its adjusted debt to EBITDA to below 7.0x
while maintaining adequate liquidity. This scenario could occur if
the company realizes 11% sales growth next year (assisted via
acquisition contributions) while achieving profit margins that are
100 basis points greater than we forecast. In order to upgrade the
company, we would also need to be convinced that the company's
financial policies would support a higher rating."


TRINITY FRESH: Sued by Suppliers, Close to Bankruptcy
-----------------------------------------------------
Produce distributor Trinity Fresh Procurement, LLC, which has been
sued by some of its suppliers for nonpayment of more than $1.1
million, has said it will seek bankruptcy protection by the end of
the year.

The Sacramento-based distributor said on its Web site: "We will be
ceasing our produce distribution business, and will no longer be
accepting or delivering any new produce orders.  We will be filing
for bankruptcy at the end of December 2018."

One suit that the company is facing is from Yuma, Arizona-based
GreenGate Fresh, LLLP, which claims that it hasn't been paid a
total of $541,000 for 77 shipments of produce during the period
from March 16, 2018, through Dec. 3, 2018.

Headquartered in Sacramento, California and with distribution
centers in Northern California, Southern California and Texas,
Trinity Fresh procures fresh produce from the growers and delivers
them to its partner distributors in different states.  The company
was founded in 2007.


TSC BAYVIEW: $355K Sale of Shady Side Property to Schiffers Okayed
------------------------------------------------------------------
Judge Thomas J. Catliota of the U.S. Bankruptcy Court for the
District of Maryland authorized TSC Bayview Drive, LLC's sale of
the single parcel of real estate in Anne Arundel County known as
4913 Bayview Drive, Shady Side, Maryland, to Erick Schiffer and
Yvonne Schiffer for $355,000.

The sale is free and clear of liens, with liens attaching only to
the proceeds in the order of their priority.

TSC Bayview Drive, LLC, sought Chapter 11 protection (Bankr. D. Md.
Case No. 18-19487) on July 18, 2018.



UNIVISION COMMUNICATIONS: S&P Lowers ICR to 'B', Outlook Stable
---------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Univision to
'B' from 'B+'. S&P also revised its recovery rating on the senior
secured debt to '3' from '2' and lowered the issue-level ratings to
'B' from 'BB-'.

The downgrade reflects Univision's significant operating weakness
in 2018. S&P said, "We now expect full-year revenue decline of
8%-10%, EBITDA decline of 25%-30%, and an increase in leverage to
the high-8x area from 6.7x in 2017. We expect revenue and EBITDA to
continue to decline over the next few quarters before stabilizing
in the second half of 2019."

Univision is the market leader in Spanish-language TV and radio
broadcasting in the U.S. This position makes it an important medium
for advertisers and video service providers trying to reach Spanish
language consumers. Its low-cost, long-term content deal with
Televisa provides Univision with a stable pipeline of content
contributing to its strong margin profile compared to industry
peers. These factors and its strong cash flow generation has
supported our assessment of its business. However, Univision's
position has somewhat eroded as it has experienced ratings weakness
stemming from viewers migrating to other Spanish language networks
like Telemundo and to streaming video providers like Netflix.
Ratings weakness has resulted in mid-single digit percent
advertising revenue declines the past two years, significantly
underperforming the broader industry. However, Univision has
benefitted from secular growth in retransmission and subscription
revenues, similar to other broadcasters, which has offset
advertising weakness until the most recent quarter. Univision's
loss of carriage on Dish will materially affect subscription
revenue until carriage resumes. S&P estimates that Dish subscribers
represent approximately 5%-10% of Univision revenue given Dish's
subscriber base is approximately 10% of all domestic video
subscribers.

S&P said, "The stable outlook reflects our expectation that while
leverage is currently above 8x, we expect Univision will reduce
leverage to the low- to mid-7x area by the end of 2019 as revenue
and EBITDA stabilize and the company uses its free cash flow
generation to repay debt.

"We could lower the rating if Univision is unable to stabilize its
business in 2019 resulting in our expectation for leverage to
remain above 8x and free operating cash flow to debt falling below
3% on a sustained basis. This could occur if the company continues
to face ratings pressure, loses market share to other
Spanish-language networks, or is unable to regain a substantial
portion of the lost revenue from its absence on Dish.

"We could raise the rating if the company can reduce leverage below
6.5x on a sustained basis. This could occur if Univision regains
full carriage on Dish Network. A return of all its networks on Dish
would likely result in significant revenue, EBITDA, and cash flow
growth and a material reduction in leverage in the subsequent 18-24
months]."


VERSA MARKETING: Sale of Accounts Receivable to FFB Approved
------------------------------------------------------------
Judge Rene Lastreto, II of the U.S. Bankruptcy Court for the
Eastern District of California authorized Versa Marketing, Inc.'s
sale outside the ordinary course of business of its interest in
certain of its accounts receivable owed by Waffle Waffle, LLC in
the total amount of up to $304,779 to Fresno First Bank ("FFB"),
its creditor, in accordance with the terms and conditions of their
Purchase and Sale Agreement dated Nov. 15, 2018.

A hearing on the Motion was held on Dec. 5, 2018 at 9:30 a.m.

The free and clear of any and all liens of Smith Frozen Foods,
Inc., Grimmway Enterprises, Inc., South Mill Mushroom Sales, Inc.,
and NorPac Foods, Inc.

                    About Versa Marketing Inc.

Versa Marketing, Inc. -- http://www.versamarketing.us/-- is a
contract manufacturer of private label custom made frozen food
products for the retail industry and food services.  It was founded
by Al Goularte in 1993.

Versa Marketing sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Cal. Case No. 18-13678) on Sept. 7,
2018.  In the petition signed by Chief Executive Officer A.J.
Goularte, the Debtor estimated assets of $10 million to $50 million
and liabilities of $1 million to $10 million.  Judge Rene Lastreto
II presides over the case.


VOYAGER FOUNDATION: S&P Withdraws BB+ Rating on 2014A/2012A Bonds
-----------------------------------------------------------------
S&P Global Ratings withdrew its 'BB+' rating on the Public Finance
Authority, Wis.' series 2014A and series 2012A tax-exempt charter
school revenue bonds, issued for Voyager Foundation Inc., N.C. on
behalf of the Voyager Academy, at the issuer's request. The
withdrawal of this rating was preceded, in accordance with S&P's
policies, by any change to the rating that it considers appropriate
given available information.



WILLIAM ABRAHAM: Trustee's $2.3M Sale of El Paso Property Approved
------------------------------------------------------------------
Judge H. Christopher Mott of the U.S. Bankruptcy Court for the
Western District of Texas authorized Ronald Ingalls, the Trustee of
the estate of William David Abraham, Jr., to sell the real property
located at 211 N. Mesa, El Paso, Texas, also known as Kress
Building, to Franklin Mountain Management, LLC for $2.29 million.

The sale is free and all clear of liens, claims, interests and
encumbrances.  All other liens, claims, interests and encumbrances
will attach to the proceeds from the sale.

These liens will be paid at closing:

     a. ad valorem tax claims of the City of El Paso for years 2018
and prior in the amount of $150,729 if paid in November 2018 or
$151,874 if paid in December 2018; provided however that the year
2018 portion of the ad valorem taxes will be prorated in accordance
with the Purchase Contract as of the date of closing; and

     b. lien of Robert Malooly in the amount of $1,046,583 through
Nov. 15, 2018 plus $371 per diem after such date plus attorneys'
fees of $17,000.

The Trustee is authorized to pay broker's commissions of 6% if both
the Trustee and the Purchaser employed a broker and 3% if only the
Trustee employed a broker.  He is also authorized to pay all
closing costs payable by the Seller under the Contract.

The Buyer must cure any violations relating to the subject property
under the El Paso City Codes within a time period acceptable to the
City of El Paso.  It must satisfy the City of El Paso of the
buyer’s ability to cure outstanding such code violations, and the
City of El Paso reserves the right to disapprove the buyer if it
determines the buyer does not have the ability to cure such
violations.

In the event that the City of El Paso disapproves the Buyer, the
latter may ask a ruling from the court as to its ability to cure
such violations.

The Trustee will file a Report of Sale upon closing.

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

    http://bankrupt.com/misc/William_Abraham_312_Order.pdf

                      About William Abraham

William David Abraham filed for chapter 11 bankruptcy protection
(Bankr. W.D. Tex. Case No. 18-30184) on Feb. 6, 2018, and is
represented by Omar Maynez, Esq. of Maynez Law.  Franklin
Acquisitions, one of Mr. Abraham's companies, also filed for
Chapter 11 bankruptcy reorganization Feb. 6, 2018.

Mr. Abraham is a well-known businessman in El Paso, Texas.  He has
a portfolio of at least 15 downtown buildings, including several
prominent, historical ones.

On March 13, 2018, the Court appointed Ronald Ingalls as Chapter 11
Trustee.


YUICHIRO SAKURAI: R2H Buying Lake Elsinore Property for $1.5M
-------------------------------------------------------------
Yuichiro Sakurai and Akemi Sakurai ask 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 at
29370 Hunco Way, Lake Elsinore, California to R2H Investments, LLC
for $ 1.5 million, subject to overbid.

A hearing on the Motion is set for Jan. 8, 2019 at 2:00 p.m.  

The Debtors owned three pieces of real property: commercial
properties located at 29370 Hunco Way, Lake Elsinore, California;
4305 N. Rancho Drive, Las Vegas, Nevada; and a condominium in Long
Beach, which was the Debtors' residence.  The Las Vegas Property
and the Lake Elsinore Property both generate positive cash flow,
and have done so throughout the case.

Radiology Solutions and George Fower each filed for Chapter 7
protection.  Those entities improperly stored the medical
equipment, thus rendering it worthless.  As the receivable owed by
those entities was to be the primary source of funding the plan,
the Debtors were forced to file a liquidating plan of
reorganization with the Court.  All of the voting creditors voted
in favor of confirmation.  In anticipation of plan confirmation,
the Debtors sold the Long Beach property.  The Motion involves the
sale of the Lake Elsinore Property.

KW Commercial Inland Empire, the Debtors' Real Estate Broker for
the Lake Elsinore Property, marketed the Property to a number of
interested parties, and listed it on various listing services.  On
Oct. 22, 2018, Mr. Ted Kingston, the Buyer's Managing Member, and
the Debtors signed a Standard Offer, Agreement, and Escrow
Instructions, which provided a sale price of $1.5 million all cash
offer for the Property, subject to a contingency period of 35 days.
The contingency period under the Agreement has now run,
contingencies have been waived, and the Buyer is prepared to close,
subject to the Court's approval.

The terms of sale are: (1) a purchase price of $1.5 million; (2)
all cash; (3) with no other contingencies; (4) on an "as is" basis;
(5) subject to the Court's approval; and (6) with escrow to close
as soon as possible after the entry of the Court's order approving
the Sale.

By the Motion, the Debtors also request that their real estate
broker, KW, be paid a total commission of 4% of the sales proceeds
from the Sale escrow, which amount covers both the Buyer's and the
Seller's broker's commission in full.  The Debtors also ask that
closing costs and costs of sale be paid directly from escrow.

The Debtors propose the Bidding Procedures to encourage bidding,
while ensuring that the bidders have sufficient funds to close on
the Sale of the Property, and to ensure that the auction moves
quickly to avoid inconveniencing the Court, the Buyer, and other
prospective bidders.  The Debtors aver that the proposed Bidding
Procedures and protections are customary and appropriate for the
case and the proposed Sale.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline:

     b. Initial Bid: $1.55 million

     c. Deposit: $50,000.  5:00 p.m. (PST) five business days
before the hearing, a cashier's check or wire transfer

     d. Auction: The Auction will be conducted at the sale hearing
scheduled for Jan. 8, 2019 at 2:00 p.m.  

     e. Bid Increments: $50,000

A Notice of the Motion pursuant to Local Bankruptcy Rule 6004-1 is
being filed concurrently with the Motion, and served on all
required parties and those requesting notice of the Motion.  The
Debtors have also complied with Local Bankruptcy Rule 6004-1(f) by
providing an additional copy of the Notice and the court approved
form F 6004-2, Notice of Sale of Estate Property, to the clerk for
purpose of publication by the clerk on the Court's website.

Notwithstanding receipt of the Agreement, the Debtors, with the
assistance of Ramos, will continue to respond to inquiries
regarding the Property, and will continue discussions with
prospective overbidders.  The Debtors (through KW) will inform all
potentially interested buyers of the Overbid Procedures.  Further,
Notice of this Sale Motion is being served by ECF and/or
first-class mail, no later than 21 days before the Sale Hearing, on
the office of the United States Trustee, the Buyer, all
persons/entities that the Preliminary Title Report show as having
purported liens on the Property, all parties having filed requests
for courtesy NEF and all creditors in the Bankruptcy Case.

The Property is one of two remaining properties secured in favor of
Citizens Bank.  The Bank's secured obligations are estimated to be
$4.5 million. The proceeds received from the Sale will be used to
reduce that obligation.  The Bank also holds as its collateral
approximately $1,193,000 in secured bank accounts, as well as the
Las Vegas Property, which the Debtors estimate to be worth more
than $2 million.

Thus, the sooner that the Bank's obligations are paid off, the
sooner the other classes of creditors, including the unsecured
class, will be entitled to distribution.  That should occur by the
time the last of the properties is sold.

The Debtors propose to sell the Property free and clear of the lien
of the Bank.

The Broker's commissions of 4% (aggregate fees for both the Buyer's
and the Debtors' broker), together with other costs of sale such as
title and escrow fees, should be authorized as part of the Sale.
It is logical and natural that all brokers' fees be paid at the
time of the closing, along with all of the other typical costs of
closing of the Sale.

The Debtors thus ask the Court to waive the Rule 6004(h) stay,
unless an objecting party seeks to file an appeal, and demonstrates
that the stay is necessary to further an appeal.

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

    http://bankrupt.com/misc/Yuichiro_Sakurai_333_Sales.pdf

                      About the Sakurais

Yuichiro Sakurai and Akemi Sakurai sought Chapter 11 protection
(Bankr. C.D. Cal. Case No. 17-22660) on Oct. 16, 2017.  

There were two immediate causes for the filing.  The first was
state court litigation with an impending trial on Oct. 20, 2017.
The second was the inability of related debtor Checkmate King Co.,
Ltd., to collect a receivable in the amount of $4 million owed by
Radiology Solutions, Inc., and its principal, George Fower.

The Debtors own three parcels of real property: commercial
properties located 29370 Hunco Way, Lake Elsinore, California
92530, and 4305 N. Rancho Drive, Las Vegas, Nevada 89130, and the
Debtors' residence at 400 W. Ocean Blvd., Unit 2702, Long Beach,
California 90802.

The Debtors tapped Nicholas W. Gebelt, Esq., as counsel.

On Sept. 11, 2018, the Court approved KW Commercial Inland Empire
as the Debtor's real estate broker.



[*] Business Insolvency Filings Down in Canada
----------------------------------------------
According to Canada's Office of the Superintendent of Bankruptcy,
there were 319 business insolvencies in October 2018, down 2.1%
from a year earlier.  The insolvency numbers include both
bankruptcies (down 4.0% to 240) and proposals (up 3.9% to 79).
Meanwhile, Consumer insolvencies totaled 11,641 in October of this
year, up 9.2% from a year earlier.  A copy of the October 2018
Insolvency Statistics is available at https://is.gd/NJEqMh


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Adam Jason Locketz
   Bankr. D. Minn. Case No. 18-33254
      Chapter 11 Petition filed October 19, 2018
         represented by: John D. Lamey, III, Esq.
                         LAMEY LAW FIRM, P.A.
                         E-mail: bankrupt@lameylaw.com

In re Phillip J. Hoolehan and Nicole M. Hoolehan
   Bankr. D. Ariz. Case No. 18-13152
      Chapter 11 Petition filed October 26, 2018
         represented by: Thomas Allen, Esq.
                         ALLEN BARNES & JONES, PLC
                         E-mail: tallen@allenbarneslaw.com

In re John Jefferson Vitalich
   Bankr. N.D. Cal. Case No. 18-52482
      Chapter 11 Petition filed November 5, 2018
         represented by: Javier H. Castillo, Esq.
                         CASTILLO LAW FIRM
                         E-mail: JHCECF@gmail.com

In re Mary Christine Register
   Bankr. S.D. Ga. Case No. 18-41638
      Chapter 11 Petition filed November 5, 2018
         represented by: Richard C. E. Jennings, Esq.
                         LAW OFFICES OF SKIP JENNINGS, PC
                         E-mail: skipjenningspc@comcast.net

In re Harlow N. Higinbotham
   Bankr. N.D. Ill. Case No. 18-31185
      Chapter 11 Petition filed November 5, 2018
         represented by: Gregory K. Stern, Esq.
                         GREGORY K. STERN, P.C.
                         E-mail: greg@gregstern.com

In re James G. Ratcliff
   Bankr. E.D. Mich. Case No. 18-55018
      Chapter 11 Petition filed November 5, 2018
         represented by: Donald C. Darnell, Esq.
                         E-mail: dondarnell@darnell-law.com

In re DJJ Enterprises, LLC
   Bankr. D. Nev. Case No. 18-16615
      Chapter 11 Petition filed November 5, 2018
         See http://bankrupt.com/misc/nvb18-16615.pdf
         represented by: Matthew C. Zirzow, Esq.
                         LARSON ZIRZOW & KAPLAN, LLC
                         E-mail: mzirzow@lzklegal.com

In re International Gym Brands, Inc.
   Bankr. D. Nev. Case No. 18-16616
      Chapter 11 Petition filed November 5, 2018
         See http://bankrupt.com/misc/nvb18-16616.pdf
         represented by: Matthew C. Zirzow, Esq.
                         LARSON ZIRZOW & KAPLAN, LLC
                         E-mail: mzirzow@lzklegal.com

In re Samuel Lee Lyons and Robin Lynell Lyons
   Bankr. E.D. Va. Case No. 18-73903
      Chapter 11 Petition filed November 5, 2018
         represented by: Kelly Megan Barnhart, Esq.
                         ROUSSOS, GLANZER & BARNHART, PLC
                         E-mail: barnhart@rgblawfirm.com

In re Phillip H Kessler
   Bankr. S.D. Cal. Case No. 18-06688
      Chapter 11 Petition filed November 6, 2018
         represented by: David L. Speckman, Esq.
                         SPECKMAN & ASSOCIATES
                         E-mail: speckmanandassociates@gmail.com

In re Worley Kevin Hoover
   Bankr. M.D. Fla. Case No. 18-03890
      Chapter 11 Petition filed November 6, 2018
         Filed Pro Se

In re Thomas J. Lee, Jr. and Carla A. Lee
   Bankr. M.D. Fla. Case No. 18-09575
      Chapter 11 Petition filed November 6, 2018
         represented by: Susan H Sharp, Esq.
                         STICHTER, RIEDEL, BLAIN & POSTLER, P.A.
                         E-mail: ssharp.ecf@srbp.com

In re Maribel Antonia Lainez
   Bankr. D. Md. Case No. 18-24683
      Chapter 11 Petition filed November 6, 2018
         represented by: John Reid, Esq.
                         E-mail: john@jerlegal.com

In re Ikechukwu Hyginus Okorie
   Bankr. S.D. Miss. Case No. 18-52169
      Chapter 11 Petition filed November 6, 2018
         Filed Pro Se

In re Joseph A. Benardella
   Bankr. D.N.J. Case No. 18-32024
      Chapter 11 Petition filed November 6, 2018
         represented by: Joel A. Ackerman, Esq.
                         LAW OFFICE OF JOEL A. ACKERMAN
                         E-mail: jacker7576@gmail.com

In re Lincoln Robert Hughes
   Bankr. W.D. Mo. Case No. 18-30636
      Chapter 11 Petition filed November 6, 2018
         represented by: Norman E. Rouse, Esq.
                         COLLINS, WEBSTER & ROUSE
                         E-mail: twelch@cwrcave.com

In re Esther Cohen
   Bankr. D.N.J. Case No. 18-32075
      Chapter 11 Petition filed November 6, 2018
         represented by: Timothy P. Neumann, Esq.
                         BROEGE, NEUMANN, FISCHER & SHAVER
                         E-mail: timothy.neumann25@gmail.com

In re Jeff Arici
   Bankr. N.D.N.Y. Case No. 18-11962
      Chapter 11 Petition filed November 13, 2018
         Filed Pro Se

In re Spar Business Services, Inc.
   Bankr. D. Nev. Case No. 18-16974
      Chapter 11 Petition filed November 23, 2018
         See http://bankrupt.com/misc/nvb18-16974.pdf
         represented by: Matthew C. Zirzow, Esq.
                         LARSON ZIRZOW & KAPLAN, LLC
                         E-mail: mzirzow@lzklegal.com

In re Paradise Jewelry and Watches III, Inc.
   Bankr. S.D. Fla. Case No. 18-25012
      Chapter 11 Petition filed November 30, 2018
         See http://bankrupt.com/misc/flsb18-25012.pdf
         represented by: Joe M. Grant, Esq.
                         MARSHALL SOCARRAS GRANT, P.L.
                         E-mail: jgrant@msglaw.com

In re TRT Logistics LLC
   Bankr. N.D. Ga. Case No. 18-70037
      Chapter 11 Petition filed November 30, 2018
         Filed Pro Se

In re Beachy Realty Corp.
   Bankr. E.D.N.Y. Case No. 18-78034
      Chapter 11 Petition filed November 30, 2018
         See http://bankrupt.com/misc/nyeb18-78034.pdf
         represented by: Timothy D DiResta, Esq.
                         DIRESTA LAW GROUP, PC
                         E-mail: tdiresta@direstalawgroup.com

In re Alvin Smoked Meats & Eats, LLC
   Bankr. S.D. Tex. Case No. 18-36657
      Chapter 11 Petition filed November 30, 2018
         See http://bankrupt.com/misc/txsb18-36657.pdf
         represented by: Michael L. Hardwick, Esq.
                         MICHAEL HARDWICK LAW, PLLC
                         E-mail: michael@michaelhardwicklaw.com

In re Telisa Randle
   Bankr. S.D. Tex. Case No. 18-36684
      Chapter 11 Petition filed November 30, 2018
         Filed Pro Se

In re John F. Greer, Sr.
   Bankr. S.D. Cal. Case No. 18-07088
      Chapter 11 Petition filed November 30, 2018
         represented by: Diane H. Gibson, Esq.
                         LAW OFFICES OF DIANE GIBSON
                         E-mail: dgibsonlaw@gmail.com

In re Jeanette Calicchia
   Bankr. S.D.N.Y. Case No. 18-23840
      Chapter 11 Petition filed November 30, 2018
         represented by: Anne J. Penachio, Esq.
                         PENACHIO MALARA LLP
                         E-mail: apenachio@pmlawllp.com

In re Arthur J. Luna and Nola Dianne Luna
   Bankr. E.D. Va. Case No. 18-14032
      Chapter 11 Petition filed November 30, 2018
         represented by: Timothy J. McGary, Esq.
                         E-mail: tjm@mcgary.com

In re 100 Oakmont Partners, LLLP
   Bankr. N.D. Ga. Case No. 18-70167
      Chapter 11 Petition filed December 1, 2018
         See http://bankrupt.com/misc/ganb18-70167.pdf
         represented by: Paul Reece Marr, Esq.
                         PAUL REECE MARR, P.C.
                         E-mail: paul.marr@marrlegal.com

In re Alvin Fernandez Negron and Margarita Esther Toledo Morales
   Bankr. D.P.R. Case No. 18-07049
      Chapter 11 Petition filed December 1, 2018
         represented by: Nilda M. Gonzalez Cordero, Esq.
                         GONZALEZ CORDERO LAW OFFICES
                         E-mail: ngonzalezc@ngclawpr.com

In re Stephen M. Ehrich
   Bankr. D.N.J. Case No. 18-33730
      Chapter 11 Petition filed December 2, 2018
         represented by: Darin D. Pinto, Esq.
                         LAW OFFICES OF DARIN D. PINTO, P.C.
                         E-mail: dpintolaw@comcast.net

In re James Whitby and Lisa L. Chamberlin
   Bankr. S.D. Fla. Case No. 18-25128
      Chapter 11 Petition filed December 3, 2018
         represented by: Jeffrey N. Schatzman, Esq.
                         E-mail: notices@schatzmanlaw.com

In re Bruce Dobbs
   Bankr. N.D. Ga. Case No. 18-70229
      Chapter 11 Petition filed December 3, 2018
         represented by: A. Keith Logue, Esq.
                         LOGUE LAW, PC
                         E-mail: keith@logue-law.com

In re Scott L. Duff
   Bankr. N.D. Ill. Case No. 18-33577
      Chapter 11 Petition filed December 3, 2018
         represented by: Kenneth E. Kaiser, Esq.
                         E-mail: kkaiser264@aol.com

In re Advanced Plumbing Corp
   Bankr. N.D. Ill. Case No. 18-33608
      Chapter 11 Petition filed December 3, 2018
         See http://bankrupt.com/misc/ilnb18-33608.pdf
         represented by: Penelope N. Bach, Esq.
                         Bach Law Offices
                         E-mail: pnbach@bachoffices.com

In re Tanglewood S Corp
   Bankr. D. Mass. Case No. 18-42231
      Chapter 11 Petition filed December 3, 2018
         See http://bankrupt.com/misc/mab18-42231.pdf
         represented by: Gregory D. Oberhauser, Esq.
                         LAW OFFICE OF GREGORY D. OBERHAUSER
                         E-mail: gregory@oberhauserlaw.com

In re Herbert H. Council and Kathryn A. Council
   Bankr. E.D.N.C. Case No. 18-05804
      Chapter 11 Petition filed December 3, 2018
         represented by: Danny Bradford, Esq.
                         PAUL D. BRADFORD, PLLC
                         E-mail: dbradford@bradford-law.com

In re Humayun Waheed
   Bankr. E.D.N.Y. Case No. 18-78137
      Chapter 11 Petition filed December 3, 2018
         represented by: Ronald D Weiss, Esq.
                         E-mail: weiss@ny-bankruptcy.com

In re TNT, LLC
   Bankr. S.D.N.Y. Case No. 18-37017
      Chapter 11 Petition filed December 3, 2018
         See http://bankrupt.com/misc/nysb18-37017.pdf
         represented by: Julie Cvek Curley, Esq.
            DELBELLO DONNELLAN WEINGARTEN WISE & WIEDERKEHR, LLP
                         E-mail: jcurley@ddw-law.com

In re Funtimes Magazine, LLC
   Bankr. E.D. Pa. Case No. 18-18011
      Chapter 11 Petition filed December 3, 2018
         See http://bankrupt.com/misc/paeb18-18011.pdf
         represented by: ROGER V. ASHODIAN, Esq.
                         REGIONAL BANKRUPTCY CENTER OF SE PA
                         E-mail: ecf@schollashodian.com

In re Palwinder Singh
   Bankr. E.D. Va. Case No. 18-14050
      Chapter 11 Petition filed December 3, 2018
         Filed Pro Se

In re Haig Aram Krikorian and Cynthia Lalime Krikorian
   Bankr. N.D. Cal. Case No. 18-42850
      Chapter 11 Petition filed December 3, 2018
         represented by: Robert L. Goldstein, Esq.
                         LAW OFFICES OF ROBERT L. GOLDSTEIN
                         E-mail: rgoldstein@taxexit.com

In re J&M PROPERTIES, LLC (AN ARIZONA LLC)
   Bankr. D. Ariz. Case No. 18-14690
      Chapter 11 Petition filed December 4, 2018
         Filed Pro Se

In re Bob Cook Company LLC
   Bankr. E.D. Cal. Case No. 18-27559
      Chapter 11 Petition filed December 4, 2018
         See http://bankrupt.com/misc/caeb18-27559.pdf
         Filed Pro Se

In re Masazumi Inoue
   Bankr. N.D. Cal. Case No. 18-31311
      Chapter 11 Petition filed December 4, 2018
         represented by: Arasto Farsad, Esq.
                         FARSAD LAW OFFICES
                         E-mail: FarsadECF@gmail.com

In re Avery's Used Cars & Trucks, Inc.
   Bankr. M.D. Fla. Case No. 18-42850
      Chapter 11 Petition filed December 4, 2018
         See http://bankrupt.com/misc/flmb18-10428.pdf
         represented by: Pierce J. Guard, Jr., Esq.
                         THE GUARD LAW GROUP, PLLC
                         E-mail: jguardjr@aol.com

In re Leo F Hill, Jr. and Selma Tracey Hill
   Bankr. N.D. Fla. Case No. 18-50324
      Chapter 11 Petition filed December 4, 2018
         represented by: Charles M. Wynn, Esq.
                         CHARLES M. WYNN LAW OFFICES, P.A.
                         E-mail: candy@wynnlaw-fl.com

In re Nivol Brewery, Inc.
   Bankr. N.D. Fla. Case No. 18-50326
      Chapter 11 Petition filed December 4, 2018
         See http://bankrupt.com/misc/flnb18-50326.pdf
         represented by: Charles M. Wynn, Esq.
                         CHARLES M. WYNN LAW OFFICES, P.A.
                         E-mail: candy@wynnlaw-fl.com

In re Robert Lee Turner
   Bankr. S.D. Ga. Case No. 18-11728
      Chapter 11 Petition filed December 4, 2018
         Filed Pro Se

In re D & W Ops, LLC
   Bankr. D. Minn. Case No. 18-43762
      Chapter 11 Petition filed December 4, 2018
         See http://bankrupt.com/misc/mnb18-43762.pdf
         represented by: Thomas Flynn, Esq.
                         LARKIN HOFFMAN DALY & LINDGREN
                         E-mail: tflynn@larkinhoffman.com

In re Kevin R. Borba
   Bankr. D. Nev. Case No. 18-51375
      Chapter 11 Petition filed December 4, 2018
         represented by: Kevin A. Darby, Esq.
                         DARBY LAW PRACTICE, LTD.
                         E-mail: kad@darbylawpractice.com

In re Mikhail Maksumov
   Bankr. E.D.N.Y. Case No. 18-46966
      Chapter 11 Petition filed December 4, 2018
         represented by: Alla Kachan, Esq.
                         LAW OFFICES OF ALLA KACHAN, P.C.
                         E-mail: alla@kachanlaw.com

In re John N. Moore, Jr.
   Bankr. E.D.N.Y. Case No. 18-78185
      Chapter 11 Petition filed December 4, 2018
         represented by: Scott Markowitz, Esq.
                         TARTER KRINSKY & DROGIN LLP
                         E-mail: smarkowitz@tarterkrinsky.com

In re Johnny Wayne Tisdale
   Bankr. S.D. Tex. Case No. 18-70434
      Chapter 11 Petition filed December 4, 2018
         represented by: Kelly K. McKinnis, Esq.
                         E-mail: mckinnis22@yahoo.com

In re RJT Real Estate Holdings, LLC
   Bankr. D. Utah Case No. 18-29037
      Chapter 11 Petition filed December 4, 2018
         See http://bankrupt.com/misc/utb18-29037.pdf
         represented by: Matthew K. Broadbent, Esq.
                         VANNOVA LEGAL, PLLC
                         E-mail: matt@vannovalegal.com

In re Douglas Ray Hutchinson
   Bankr. W.D. Va. Case No. 18-71619
      Chapter 11 Petition filed December 4, 2018
         represented by: Robert Tayloe Copeland, Esq.
                         COPELAND LAW FIRM, P.C.
                         E-mail: rtc@rcopelandlaw.com

In re Danny Uy Lao
   Bankr. C.D. Cal. Case No. 18-24230
      Chapter 11 Petition filed December 5, 2018
         represented by: Michael Y. Lo, Esq.
                         LO & LO LLP
                         E-mail: bklolaw@gmail.com

In re Juan Jesus Rojas de Borbon
   Bankr. C.D. Cal. Case No. 18-14436
      Chapter 11 Petition filed December 5, 2018
         represented by: Michael Jones, Esq.
                         M. JONES & ASSOICATES, PC
                         E-mail: mike@mjthelawyer.com

In re 1 Red Investments Inc.
   Bankr. E.D. Cal. Case No. 18-14868
      Chapter 11 Petition filed December 5, 2018
         See http://bankrupt.com/misc/caeb18-14868.pdf
         Filed Pro Se

In re Gulf Coast Hospitality Group, Inc.
   Bankr. M.D. Fla. Case No. 18-10453
      Chapter 11 Petition filed December 5, 2018
         See http://bankrupt.com/misc/flmb18-10453.pdf
         Filed Pro Se

In re Magnum Commercial Properties, Inc.
   Bankr. W.D. Mo. Case No. 18-21090
      Chapter 11 Petition filed December 5, 2018
         See http://bankrupt.com/misc/mowb18-21090.pdf
         represented by: Justin W. Coke, Esq.
                         THE COKE LAW FIRM, LLC
                         E-mail: cokelawfirm@gmail.com

In re Personal Automotive Service, Inc.
   Bankr. D. Neb. Case No. 18-41975
      Chapter 11 Petition filed December 5, 2018
         See http://bankrupt.com/misc/neb18-41975.pdf
         represented by: John A. Lentz, Esq.
                         LEPANT & LENTZ, PC, LLO
                         E-mail: john@lepantandlentz.com

In re C&N Development, LLC
   Bankr. D. Neb. Case No. 18-41977
      Chapter 11 Petition filed December 5, 2018
         See http://bankrupt.com/misc/neb18-41977.pdf
         represented by: John C. Hahn, Esq.
                         WOLFE, SNOWDEN, HURD, LUERS & AHL, LLP
                         E-mail: bankruptcy@wolfesnowden.com

In re Andrew C. Simpson
   Bankr. D.N.J. Case No. 18-33965
      Chapter 11 Petition filed December 5, 2018
         represented by: Ellen M. McDowell, Esq.
                         MCDOWELL LAW, PC
                         E-mail: emcdowell@mcdowelllegal.com

In re Gordos Restaurant Corp.
   Bankr. S.D.N.Y. Case No. 18-23862
      Chapter 11 Petition filed December 5, 2018
         See http://bankrupt.com/misc/nysb18-23862.pdf
         represented by: Anne J. Penachio, Esq.
                         PENACHIO MALARA LLP
                         E-mail: apenachio@pmlawllp.com

In re JAPKA Healthcare, PA
   Bankr. E.D. Tex. Case No. 18-42758
      Chapter 11 Petition filed December 5, 2018
         See http://bankrupt.com/misc/txeb18-42758.pdf
         represented by: Eric A. Liepins, Esq.
                         E-mail: eric@ealpc.com

In re Paul S. Scheuermann
   Bankr. D. Ariz. Case No. 18-14827
      Chapter 11 Petition filed December 6, 2018
         represented by: Randy Nussbaum, Esq.
                         SACKS TIERNEY P.A.
                         E-mail: randy.nussbaum@sackstierney.com

In re Jason J. DeGrave
   Bankr. W.D. Mich. Case No. 18-90217
      Chapter 11 Petition filed December 6, 2018
         represented by: Timothy C. Quinnell, Esq.
                         QUINNELL LAW FIRM, P.L.L.C.
                         E-mail: ofqllp@gmail.com

In re The Dream Works, Inc.
   Bankr. W.D. Mo. Case No. 18-43126
      Chapter 11 Petition filed December 6, 2018
         See http://bankrupt.com/misc/mowb18-43126.pdf
         represented by: Erlene W. Krigel, Esq.
                         KRIGEL & KRIGEL, P.C.
                         E-mail: ekrigel@krigelandkrigel.com

In re Mount Holly Hospitality, LLC
   Bankr. D.N.J. Case No. 18-34029
      Chapter 11 Petition filed December 6, 2018
         Filed Pro Se

In re Arnold L. Merchant LLC.
   Bankr. E.D.N.Y. Case No. 18-47014
      Chapter 11 Petition filed December 6, 2018
         Filed Pro Se

In re Julia Rosales
   Bankr. E.D.N.Y. Case No. 18-78239
      Chapter 11 Petition filed December 6, 2018
         See http://bankrupt.com/misc/nyeb18-78239.pdf
         represented by: Luis Trujillo, Esq.
                         THE TRUJILLO FIRM
                         E-mail: Trujillo@thetrujillofirm.com

In re 207 New Elizabeth, LLC
   Bankr. M.D. Pa. Case No. 18-05140
      Chapter 11 Petition filed December 6, 2018
         See http://bankrupt.com/misc/pamb18-05140.pdf
         Filed Pro Se

In re Smoky Mountain Barbecue 1429, LLC
   Bankr. E.D. Tenn. Case No. 18-33705
      Chapter 11 Petition filed December 6, 2018
         See http://bankrupt.com/misc/tneb18-33705.pdf
         represented by: C. Dan Scott, Esq.
                         SCOTT LAW GROUP, PC
                         E-mail: dan@scottlawgroup.com


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
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Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
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Copyright 2018.  All rights reserved.  ISSN: 1520-9474.

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