/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/190708.mbx T R O U B L E D C O M P A N Y R E P O R T E R Monday, July 8, 2019, Vol. 23, No. 188 Headlines 120 CHESTER STATION: Unsecureds to Get Payment from Sale Proceeds 160 ROYAL PALM: Files Chapter 11 Plan of Liquidation 1989 3AVE LLC: Hires Robinson Brog as Special Counsel 3991 TRANSPORT: Taps Cohen & Krol as Legal Counsel ABZUMI SUSHI: Voluntary Chapter 11 Case Summary ACETO CORP: Files First Modified Ch. 11 Liquidation Plan ACTT RIVER: Seeks to Hire Silverang Rosenzweig as Counsel ALLIANCE BIOENERGY: Cash on Hand, $100K Investment to Fund Plan ALLPRO MANUFACTURING: Seeks to Hire Margaret M. McClure as Counsel APG SUBS: Seeks to Hire Marc R. Kivitz as Counsel APPALACHIAN LIGHTING: Unsecureds to Get $40,000 Fund Under Plan ARMAOS PROPERTY: May Continue Using Cash Collateral Until July 15 ART & DENTISTRY: Seeks to Hire David E. Lynn as Legal Counsel ASTRIA HEALTH: Committee Hires Polsinelli PC as Co-Counsel BLOOMINGDALE AVENUE: Seeks to Hire Ciardi Ciardi as Counsel BRILLIANT ENVIRONMENTAL: Hires Goldsmith & Platter as Accountant BUSINESS FIRST: Amends Plan to Disclose Estimated Value of Claims CARIBOU ENERGY: Involuntary Chapter 11 Case Summary CD HALL LLC: Seeks to Hire Dawson & Lordahl as Special Counsel CELLA III LLC: Hires Patrick J. Gros as Accountant CLARE OAKS: Seeks to Hire Cushman & Wakefield as Investment Banker CLARE OAKS: Seeks to Hire SOLIC Capital as Financial Advisor COOL HOLDINGS: Mauricio Diaz Has 13.6% Stake as of June 5 COUNTRY MORNING: Seeks to Hire Turning Point as Financial Advisor CUPID CANDIES: Seeks Authorization to Use Cash Collateral CYTORI THERAPEUTICS: Chief Financial Officer Resigns CYTORI THERAPEUTICS: Cuts Texas & California Workforce by 46% DAVID HUNT: Liquidating Agent's $1.7M Sale of Olney Property Okayed DESERT LAND: Ch. 11 Trustee Hires CRET, LLC as Auctioneer DORIAN LPG: BW Group Lowers Stake to 13% as of July 2 E&E LANDSCAPING: Seeks to Hire Brian W. Hofmeister as Legal Counsel ELK PETROLEUM: Seeks to Hire Chipman Brown as Special Counsel ENALASYS CORPORATION: Seeks to Hire Conway MacKenzie, Appoint CRO ESCUE WOOD: Seeks to Hire Harris Shelton as Counsel ESSEX CONST: Trustee Seeks to Expand Scope of Mendelson Employment FOOT & ANKLE: Unsecureds to Get 120 Monthly Payments of $1,900 FRANKIE V'S KITCHEN: Hires Resources Connection as Accountant FRESH ALTERNATIVES: Seeks to Hire Shraiberg Landau as Legal Counsel GREGORY TE VELDE: Trustee's $160K Sale of Cessna P210 Plane Okayed HENDRIKUS TON: $315K Sale of Belle Chasse Property to Beckhams OK'd HENDRIKUS TON: Beckhams Offer $315K for Belle Chasse Property HOSPITAL ACQUISITION: PCO Taps Seelig + Cussigh as Advisor HOSPITAL ACQUISITION: Taps Crowe LLP as Tax Advisor IFRESH INC: Receives Noncompliance Notice from Nasdaq IFS FILING SYSTEMS: Seeks to Hire Hodgson Russ as Counsel INPIXON: Iliad Research Swaps $178,500 Note for Equity INSYS THERAPEUTICS: Taps Wilson Sonsini as SLC's Special Counsel IPC CORP: S&P Downgrades ICR to 'CC' on Proposed Debt Repurchase IRMA PEREZ: Savas Buying Dorado Property for $1.6 Million JAGUAR HEALTH: Extends Notes Maturity to July 31 JAMES BORDE: McCoy Trust Buying 349-Acre Columbia Land for $2.5M JERRY BRYANT: Allowed to Use First Southwestern Cash Collateral JRND LLC: Kapitus Prohibits Continued Cash Collateral Use JTJ RESTAURANTS: Affiliate Taps Auction America as Auctioneer KEMPLON MARINE: Aug. 8 Plan Confirmation Hearing LAKEWAY PUBLISHERS: Hires Burnette Dobson as Special Counsel LASALLE GROUP: Hires Haynes and Boone as Special Counsel LOGISTICS BUDDY: Case Summary & 13 Unsecured Creditors LYNWOOD HOLDINGS: Unsecureds to Get Unknown Recovery Under Plan MAIREC PRECIOUS: Trustee Taps Bederson as Operational Consultant MEYZEN FAMILY: Seeks to Hire Silvio Benedetto as Broker MG 1226: Stern Buying Brooklyn Property for $1.5 Million MINESEN COMPANY: Case Summary & 20 Largest Unsecured Creditors NXT ENERGY: Receives 40% Total Payment Under SFD Survey Contract OAKLEY GRADING: Trustee Proposes 2nd Ritchie Auction of Equipment OCALA INN: Allowed to Use Cash Collateral on Final Basis PACIFIC CONSTRUCTION: Gets Final Nod to Use Cash Until Sept. 7 PALMER EQUIPMENT: Seeks Authorization to Use Cash Collateral PARK MONROE: Seeks to Hire Abrams Fensterman as Special Counsel PARK MONROE: Seeks to Hire Sperber Denenberg as Special Counsel PAUL LOGSDON: $60K Sale of 2014 John Deere 1770NT to Brown Approved PAUL SOUCIE: Nephew Blake Buying Red Willow Property for $800K PAUL SOUCIE: Nephew Bronson Buying Red Willow Property for $500K PAUL SOUCIE: Selling Nuckolls Property to Menkes for $560K PH DIP INC: Contrarian Buying Toys "R" Us Claim for $31K PRINCETON ALTERNATIVE: MicroBilt Ups Creditor Recovery to 64%-94% READING EAGLE: MNG-RE Buying All Business Assets for $5 Million RONALD BRODIE: Smiths Buying Moorestown Property for $825K RUBIO & ASSOCIATES: Gets Court Approval to Hire Accountant SCHRAD LTD: Allowed to Use Cash to Fund Insurance Premiums SENIOR CARE: Hearing on Disclosure Statement Moved to July 30 SENIOR CARE: July 30 Hearing on Disclosure Statement SOUTHCROSS ENERGY: Selling 4 Compressor Stations for $952K ST. JUDE NURSING: Livonia Healthcare Buying Livonia Property ST. JUDE NURSING: MUIA Objection to Livonia Property Sale Resolved STANLEY L. DISTEFANO: Trustee Intends to Abandon Menands Property STEM HOLDINGS: Closes Acquisition of Marijuana Producer Yerba SUNPLAY POOLS: Aug. 20 Plan Confirmation Hearing TENDER LOVING HOME: Seeks to Hire Calaiaro Valencik as Counsel TERRAVISTA PARTNERS: Aug. 1 Plan Confirmation Hearing TRAILSIDE LODGING: Amends Definition of Releases in New Plan TRES AMIGOS: Seeks to Hire Raymond Aab as Bankruptcy Attorney UNITED HEATING: Voluntary Chapter 11 Case Summary VERITY HEALTH: Selling All Assets of VMF's Medical Clinics for $30K WESTMORELAND COAL: WMLP Debtors Selling Remaining Assets for $300M WHITE STAR: Seeks to Hire Alvarez & Marsal as Financial Advisor WHITE STAR: Seeks to Hire Gable & Gotwals as Special Counsel WHITE STAR: Seeks to Hire Guggenheim as Investment Banker WHITE STAR: Seeks to Hire Kurtzman Carson as Administrative Advisor WHITE STAR: Seeks to Hire Morris Nichols as Co-Counsel WHITE STAR: Seeks to Hire Sullivan & Cromwell as Legal Counsel WILSON LAND: Citizens Bank Objects to Disclosure Statement [^] BOND PRICING: For the Week from July 1 to 5, 2019 ********* 120 CHESTER STATION: Unsecureds to Get Payment from Sale Proceeds ----------------------------------------------------------------- 120 Chester Station Road, LLC, filed a Chapter 11 Plan and accompanying Disclosure Statement. Class 8: General Unsecured Claims are impaired and will receive, in full and final satisfaction of their claims against the Estate, a pro-rata distribution after payment in full of claims in Classes 1 through 7 and all costs and expenses of the administration of these proceedings. Payment to this Class will be made from the remaining proceeds of the sale of the Property after the satisfaction of all costs of sale, and the satisfaction in full, of all claims of Classes 1 through 7. Payment to this Class shall be made within thirty (30) days after the Effective Date. Class 1: Administrative Expenses are impaired. Allowed Class 1 Claims shall be paid in full, in cash, on the latest of (a) the Effective Date, or (b) within thirty (30) days after such claim has become an Allowed Claim, or (c) a date agreed upon by the parties. Class 6: Allowed Secured Claim of Shore United Bank (2nd Deed of Trust) are impaired. Class 6 shall be paid receive no payments from the Debtor until a closing on the sale of the Property. At closing, this Class will receive payment of all of the remaining sales proceeds after the satisfaction of the claims of Classes 1 though Class 5 and Class 7. This Class shall retain its lien until receipt of such payment. Class 9: Equity Security Interests are impaired. Class 9 Equity Interests shall be paid their proportionate share of the remaining net sale proceeds realized from sale of the Property. It is not anticipated that this Class shall revive any distribution on account of their interests. The funds necessary to implement the Plan shall be generated from sale of the Property. Any net proceeds from the deposit and any proceeds generated from the sale of the Property shall be used to pay the creditors in accordance with the Plan. A full-text copy of the Disclosure Statement dated June 27, 2019, is available at https://tinyurl.com/y4bfll7a from PacerMonitor.com at no charge. Counsel for the Debtor is Steven H. Greenfeld, Esq., at Cohen Baldinger & Greenfeld, in Rockville, Maryland. About 120 Chester Station Road 120 Chester Station Road, LLC, is a single asset real estate (as defined in 11 U.S.C. Section 101(51B)). It sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 18-25967) on Dec. 4, 2018. At the time of the filing, the Debtor estimated assets of less than $50,000 and liabilities of$1 million to $10 million. The case is assigned to Judge Lori S. Simpson. Cohen Baldinger & Greenfeld, LLC, is the Debtor's counsel. 160 ROYAL PALM: Files Chapter 11 Plan of Liquidation ---------------------------------------------------- 160 Royal Palm, LLC, filed a Chapter 11 plan of liquidation and accompanying Disclosure Statement. Class 3 - Allowed Unsecured Claims are impaired. Each holder of an Allowed Unsecured Claim against the Debtor's Estate shall receive Distributions on a pro rata basis with the Holders of all Allowed Claims in this Class 3 from available cash on deposit from time to time with the Debtor and/or the Liquidating Trustee, up to the full amount of each Allowed Claim, from: (i) the remaining Sale Proceeds, after the payment in full of all Allowed Trade Creditor Secured Claims and the Allowed Town Claims, (ii) the Litigation Claims Proceeds, and (iii) the remaining funds, if any, in the Sale Proceeds Reserve, following the complete administration of the Case. Class 2 - Allowed Town Claims are impaired. The Town Claims shall receive payments consistent with the settlement agreements reached between the Debtor and the Town, which have been approved by the Bankruptcy Court, which consists of: (i) a payment in the amount of $250,000 that the Town has already received in or around April 2019, and (ii) a second payment in the amount of $100,000 that will be provided within 6 days of the Sale Approval Order becoming final and non-appealable. Class 4 - Equity Interests in the Debtor. Holders of Class 4 Equity Interest will not receive or retain any property under the Plan. All holders of Equity Interests in the Debtor shall be extinguished on the Effective Date. All payments as provided for in the Debtor's Plan shall be funded by the orderly liquidation of the Debtor's assets, either prior to confirmation of the Plan or after confirmation of the Plan by the Liquidating Trustee. A full-text copy of the Disclosure Statement dated June 27, 2019, is available at https://tinyurl.com/yxvc2cze from PacerMonitor.com at no charge. Attorneys for the Debtor are Philip J. Landau, Esq., Bernice Lee, Esq., and Eric Pendergraft, Esq., at Shraiberg, Landau & Page, P.A., in Boca Raton, Florida. About 160 Royal Palm 160 Royal Palm, LLC is a Florida limited liability company, which owns prime real property consisting of a partially constructed hotel/condominium located at 160 Royal Palm Way, Palm Beach, Florida. The property is under state court receivership. 160 Royal Palm filed a voluntary petition for relief under chapter 11 of the United States Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-19441) on Aug. 2, 2018. In the petition signed by Cary Glickstein, sole and exclusive manager, the Debtor disclosed $16,447,759 in total assets and $114,926,976 in total liabilities. The case has been assigned to Judge Erik P. Kimball. The Debtor tapped Philip J. Landau, Esq., at Shraiberg, Landau & Page, P.A., as its counsel, and Greenberg Traurig, P.A. as its special counsel and title agent. No official committee of unsecured creditors has been appointed in the Debtor's case. 1989 3AVE LLC: Hires Robinson Brog as Special Counsel ----------------------------------------------------- 1989 3Ave LLC, seeks authority from the U.S. Bankruptcy Court for the Eastern District of New York to employ Robinson Brog Leinwand Greene Genovese & Gluck P.C., as special counsel to the Debtor. 1989 3Ave LLC requires Robinson Brog to assist the Debtor with the sale of the Assets located at 1985, 1987, 1989, and 1991 Third Avenue, New York, New York, block 1659, lots 1 and 2, and corresponding plan confirmation process. Robinson Brog will be paid at these hourly rates: Attorneys $440 to $720 Paralegals $250 Robinson Brog will also be reimbursed for reasonable out-of-pocket expenses incurred. Robert M. Sasloff, a partner at Robinson Brog, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Robinson Brog can be reached at: Robert M. Sasloff, Esq. ROBINSON BROG LEINWAND GREENE GENOVESE & GLUCK P.C. 875 Third Avenue New York, NY 10022 Tel: (212) 603-6300 About 1989 3Ave LLC Based in Elmhurst, New York, 1989 3Ave, LLC, a privately held company engaged in activities related to real estate, filed a voluntary Chapter 11 Petition (Bankr. E.D.N.Y. Case No. 18-47234) on Dec. 19, 2018. In the petition signed by Bo Jin Zhu, manager, the Debtor disclosed assets totaling $23,000,106 and liabilities totaling $24,761,785. The case is assigned to Hon. Nancy Hershey Lord. The Debtor is represented by William X. Zou, Esq., in Flushing, New York. 3991 TRANSPORT: Taps Cohen & Krol as Legal Counsel -------------------------------------------------- 3991 Transport Company Inc. received approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire Cohen & Krol as its legal counsel. The firm will advise the Debtor of its powers and duties in the continued operation of its business and will provide other legal services in connection with its Chapter 11 case. Joseph Cohen, Esq., and Gina Krol, Esq., the attorneys who will be handling the case, will each charge an hourly fee of $530. Cohen & Krol received a pre-bankruptcy retainer in the sum of $10,000. Both attorneys disclosed in a court filing that they do not represent any interest adverse to the Debtor or its estate. The firm can be reached through: Joseph E. Cohen, Esq. Cohen & Krol 105 West Madison Suite 1100 Chicago, IL 60602 Tel: 312 368-0300 Email: jcohen@cohenandkrol.com About 3991 Transport Company Inc. Based in Chicago, 3991 Transport Company Inc. filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 19-14253) on May 17, 2019, listing under $1 million in both assets and liabilities. Joseph E. Cohen, Esq., at Cohen & Krol, represents the Debtor as counsel. ABZUMI SUSHI: Voluntary Chapter 11 Case Summary ----------------------------------------------- Debtor: Abzumi Sushi Inc. dba Burrito Mariachi Store 1 & 2 146 W. 72nd Street New York, NY 10023 Business Description: Abzumi Sushi Inc. owns and operates restaurants. Chapter 7 Petition Date: April 29, 2019 Date Converted to Chapter 11: May 7, 2019 Court: United States Bankruptcy Court Southern District of New York (Manhattan) Case No.: 19-11375 Judge: Hon. Michael E. Wiles Debtor's Counsel: Yimin Chen, Esq. CHEN & ASSOCIATES, PC 39-15 Main Street, Suite 502 Flushing, NY 11354 Tel: (718)886-4858 Fax: (800) 490-0564 E-mail: chenattorney@yahoo.com Estimated Assets: Unknown Estimated Liabilities: Unknown The Debtor sought to convert the Chapter 7 case to Chapter 11 so it can enter into a settlement plan with its landlord. A full-text copy of the Motion to Convert is available for free at: http://bankrupt.com/misc/nysb19-11375.pdf ACETO CORP: Files First Modified Ch. 11 Liquidation Plan -------------------------------------------------------- Aceto Corporation, Aceto Agricultural Chemicals Corporation, Aceto Realty LLC, Rising Pharmaceuticals, Inc., Rising Health, LLC, Acetris Health, LLC, PACK Pharmaceuticals, LLC, Arsynco, Inc. and Acci Realty Corp., filed a first modified Chapter 11 plan of liquidation and accompanying first modified disclosure statement to disclose that the Plan Administrator Agreement to be filed as part of the Plan Supplement, and any amendments, supplements or modifications thereto, will be reasonably acceptable to the official committee of unsecured creditors. Class 3A: General Unsecured Claims Against Aceto Chemical Plus Debtors (including DPO Claim and Notes Claims) are impaired. Each Holder of an Allowed General Unsecured Claim against the Aceto Chemical Plus Debtors will receive its Pro Rata Share of the Aceto Net Distributable Assets (a) up to the full principal amount of such Allowed Claim, and (b) solely if and to the extent sufficient Aceto Net Distributable Assets are available once the principal amount of all Allowed General Unsecured Claims against the Aceto Chemical Plus Debtors is paid in full. Class 3B: General Unsecured Claims Against Rising Pharma Debtors (including DPO Claim) are impaired. Each Holder of an Allowed General Unsecured Claim against the Rising Pharma Debtors will receive its Pro Rata Share of the Rising Net Distributable Assets (a) up to the full principal amount of such Allowed Claim, and (b) solely if and to the extent sufficient Rising Net Distributable Assets are available once the principal amount of all Allowed General Unsecured Claims against the Rising Pharma Debtors is paid in full. Class 3C: General Unsecured Claims Against Arsynco are impaired. Each Holder of an Allowed General Unsecured Claim against Arsynco will receive its Pro Rata Share of the Arsynco Net Distributable Assets (a) up to the full principal amount of such Allowed Claim, and (b) solely if and to the extent sufficient Arsynco Net Distributable Assets are available once the principal amount of all Allowed General Unsecured Claims against Arsynco is paid in full. Class 3D: General Unsecured Claims Against Acci Realty are impaired. Each Holder of an Allowed General Unsecured Claim against Acci Realty will receive its Pro Rata Share of the Acci Realty Net Distributable Assets (a) up to the full principal amount of such Allowed Claim, and (b) solely if and to the extent sufficient Acci Realty Net Distributable Assets are available once the principal amount of all Allowed General Unsecured Claims against Acci Realty is paid in full. Class 4A: Subordinated Claims Against Aceto Chemical Plus Debtors are impaired. Each holder of an Allowed Subordinated Claim against the Aceto Chemical Plus Debtors will be entitled to its Pro Rata Share of the remaining Aceto Net Distributable Assets to be distributed on a pari passu basis with Holders of Allowed Interests in Aceto. Class 4B: Subordinated Claims Against Rising Pharma Debtors are impaired. Each Holder of an Allowed Subordinated Claim against the Rising Pharma Debtors will receive its Pro Rata Share of any available remaining Rising Net Distributable Assets up to the full principal amount of such Allowed Claim. Class 5: Intercompany Claims are impaired. On the Effective Date, all Intercompany Claims will be eliminated and extinguished and the Holders of Intercompany Claims will not receive or retain any property under the Plan on account of such Claims, and such Claims will be deemed waived and released except as set forth with respect to the Intercompany Claim of the Rising Pharma Debtors against the Aceto Chemical Plus Debtors which will be settled through the Settlement Distribution Subsidy. Class 6A: Interests in Aceto are impaired. Each Holder of an Interest in Aceto will be entitled to its Pro Rata Share of the remaining Aceto Net Distributable Assets to be distributed on a pari passu basis with Holders of Allowed Subordinated Claims against the Aceto Chemical Plus Debtors. Class 6B: Interests in all Debtors Other than Aceto are impaired. On the Effective Date, Allowed Interests in Debtors other than Aceto will not receive any distribution on account of such Interests, provided that such Interests will be maintained by the Plan Administrator on and after the Effective Date as may be required pursuant to the Pharma Purchase Agreement and/or Chemical Plus Purchase Agreement and/or as necessary to administer the wind-down of each Debtor other than Aceto. Distributions under the Plan and the Plan Administrator’s post-Effective Date operations will be funded from the Debtors' Cash on hand and proceeds of the Sales held by the Estates as of the Effective Date, and proceeds of other asset dispositions and net proceeds of Litigation and Other Recoveries. A full-text copy of the First Modified Disclosure Statement dated June 27, 2019, is available at https://tinyurl.com/y2scp5tk from PacerMonitor.com at no charge. Counsel for Debtors are Kenneth A. Rosen, Esq., Michael S. Etkin, Esq., Wojciech F. Jung, Esq. Michael Savetsky, Esq., and Philip J. Gross, Esq., at Lowenstein Sandler LLP, in Roseland, New Jersey. About ACETO Corp. ACETO Corporation (NASDAQ: ACET), incorporated in 1947, is focused on the global marketing, sale and distribution of Human Health products (finished dosage form generics and nutraceutical products), Pharmaceutical Ingredients (pharmaceutical intermediates and active pharmaceutical ingredients) and Performance Chemicals (specialty chemicals and agricultural protection products). The Company employs approximately 180 people. With business operations in nine countries, ACETO distributes over 1,100 chemical compounds used principally as finished products or raw materials in the pharmaceutical, nutraceutical, agricultural, coatings and industrial chemical industries. ACETO's global operations, including a staff of 25 in China and 12 in India, are distinctive in the industry and enable its worldwide sourcing and regulatory capabilities. Aceto Corporation and eight affiliates sought Chapter 11 protection (Bankr. D.N.J. Case No. 19-13448) on Feb. 19, 2019. ACETO disclosed assets of $753,159,000 and liabilities of $702,848,000 as of Dec. 31, 2018. The Hon. Vincent F. Papalia is the case judge. The Debtors tapped Lowenstein Sandler LLP as counsel; Simmons & Simmons as foreign counsel; PJT Partners LP as investment banker and financial advisor; AP Services LLC as restructuring advisor; and Prime Clerk LLC as claims and noticing agent. The U.S. Trustee, on February 28, appointed five members to the official committee of unsecured creditors. Counsel for the Committee is Stroock & Stroock & Lavan LLP and Porzio, Bromberg & Newman, P.C. Houlihan Lokey Capital, Inc., is the Committee's investment banker. GlassRatner Advisory & Capital Group, LLC, as its financial advisor. ACTT RIVER: Seeks to Hire Silverang Rosenzweig as Counsel --------------------------------------------------------- ACTT River Road LLC seeks authority from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to employ Silverang, Rosenzweig & Haltzman, LLC as its legal counsel. The firm will advise the Debtor of its powers and duties under the Bankruptcy Code and will provide other legal services in connection with its Chapter 11 case. Silverang's hourly rates are: Mark S. Haltzman, Esq. $450 Steven T. Hanford, Esq. $450 Barbara A. Fein, Esq. $395 Molly B. Hanford, Sr. Paralegal $175 Amy Binns, Junior Paralegal $150 Mark Haltzman, a partner at Silverang, disclosed in court filings that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code, and does not represent any interest adverse to the Debtor and its estate. Silverang Law Firm can be reached at: Mark S. Haltzman, Esq. Silverang, Rosenzweig & Haltzman, LLC 595 East Lancaster Avenue, Suite 203 St. Davids, PA 19087 Tel: (610) 263-0136 Fax: (215) 754-4934 About ACTT River Road LLC ACTT River Road LLC classifies its business as single asset real estate (as defined in 11 U.S.C. Section 101(51B)). Based in Point Pleasant, Pa., ACTT River Road sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa. Case no. 19-13789) on June 12, 2019. At the time of the filing, the Debtor estimated $1 million to $10 million in both assets and liabilities. Mark S. Haltzman, Esq., at Silverang, Rosenzweig & Haltzman, LLC, is the Debtor's counsel. ALLIANCE BIOENERGY: Cash on Hand, $100K Investment to Fund Plan --------------------------------------------------------------- Alliance BioEnergy Plus, Inc., filed a Chapter 11 Plan and accompanying Disclosure Statement. Class 3: General Unsecured Claims are unimpaired. Each Holder of an Allowed General Unsecured Claim shall receive either (a) Cash in an amount equal to the Allowed amount of its Claim, plus Post-Petition interest at the contract rate or federal judgment rate effective as of the Petition Date, as applicable, on, or as soon as reasonably practicable after, the later of (i) the Effective Date, (ii) the Allowance Date, and (iii) another date agreed to by the Debtor or Reorganized Debtor and such Holder in writing; or (b) such other treatment on such other terms and conditions as may be agreed to in writing by the Debtor or Reorganized Debtor and such Holder, as the case may be, or as the Bankruptcy Court may order. The Debtor's Cash on hand on the Effective Date, including the including funds of up to $100,000 to be invested and contributed by the Plan Investor(s) and held by the Debtor pending the Effective Date prior to the Confirmation Hearing, will directly fund full payment. A full-text copy of the Disclosure Statement dated June 27, 2019, is available at https://tinyurl.com/y4k7g3dq from PacerMonitor.com at no charge. Counsel for the Debtor is Nathan G. Mancuso, Esq., at Mancuso Law, P.A., in Boca Raton, Florida. About Alliance BioEnergy Plus West Palm Beach, Florida-based Alliance BioEnergy Plus, Inc. -- http://www.alliancebioe.com/-- is a publicly-traded technology company focused on emerging technologies in the renewable energy, biofuels, and new technologies sectors. The company is now focused on the development and commercialization of the licensed technology it controls through its affiliate Carbolosic, LLC. Through its wholly-owned subsidiary, AMG Energy, the company owns Ek Laboratories, Inc. and a 50% interest in Carbolosic (which includes certain licensing rights in North America and Africa). Alliance BioEnergy Plus sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-23071) on Oct. 22, 2018. In the petition signed by CEO Benjamin Slager, the Debtor estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. Judge Erik P. Kimball presides over the case. The Debtor tapped Mancuso Law, P.A. as its legal counsel, and the Law Offices of Robert Diener as its special counsel. No official committee of unsecured creditors has been appointed in the Debtor's case. ALLPRO MANUFACTURING: Seeks to Hire Margaret M. McClure as Counsel ------------------------------------------------------------------ Allpro Manufacturing seeks authority from the U.S. Bankruptcy Court for the Southern District of Texas to employ the Law Office of Margaret M. McClure as its legal counsel. The firm will advise the Debtor of its powers and duties in the continued operation of its business and will provide other legal services in connection with its Chapter 11 case. McClure charges $400 per hour for the services of its attorney and $150 per hour for paralegal services. Margaret McClure, Esq., disclosed in court filings that she is a disinterested person within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: 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 Email: margaret@mmmcclurelaw.com About Allpro Manufacturing Houston-based Allpro Manufacturing makes custom lead products including lead roof fishings, fittings, pipe, castings, shieldings and other specialty products. It conducts business under the name Lead Products Co. Allpro Manufacturing filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Code (Bankr. S.D. Tex. Case No. 19-33368)on June 17, 2019. In the petition signed by Cary Ostera, president, the Debtor estimated $760,101 in assets and $1,136,156 in liabilities. The Law Office of Margaret M. McClure represents the Debtor as counsel. APG SUBS: Seeks to Hire Marc R. Kivitz as Counsel ------------------------------------------------- APG Subs, Inc., seeks authority from the U.S. Bankruptcy Court for the District of Maryland to employ the Law Office of Marc R. Kivitz, as counsel to the Debtor. APG Subs requires Marc R. Kivitz to: a. advise the Debtor with respect to its powers and duties as a debtor in its continued and future financial affairs; b. represent the debtor in the prosecution and defense of any proceeding instituted to reclaim property or to obtain relief from the stay of Section 362(a) of the Bankruptcy Code; c. prepare any necessary applications, orders, reports, notices, and other legal documents and to appear in the Debtor's behalf in proceedings instituted by or against the Debtor; d. assist the Debtor in the preparation of schedules, statement of affairs, statement of executory contracts, and any amendments thereto which the debtor is required to file in these proceedings; and e. represent the Debtor in its dealings with its creditors. Marc R. Kivitz will be paid at the hourly rates $400. The firm will be paid a retainer in the amount of $5,000. It will also be reimbursed for reasonable out-of-pocket expenses incurred. Marc R. Kivitz, a partner at the Law Office of Marc R. Kivitz, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Marc R. Kivitz can be reached at: Marc R. Kivitz, Esq. LAW OFFICE OF MARC R. KIVITZ 201 North Charles Street, Suite 1330 Baltimore, MD 21201 Tel: (410) 625-2300 Fax: (410) 576-0140 E-mail: mkivitz@aol.com About APG Subs, Inc. APG Subs, Inc., based in Edgewood, MD, and its debtor-affiliates sought Chapter 11 protection (Bankr. M.D. Lead Case No. 19-18315) on June 19, 2019. In the petition signed by Raymond Burrows, III, president, the Debtor APG Subs. disclosed total assets of $28,177, and estimated total liabilities of $1,268,112 in both assets and liabilities. The Hon. David E. Rice oversees the case. Marc R. Kivitz, Esq., at the Law Office of Marc R. Kivitz, serves as bankruptcy counsel to the Debtor. APPALACHIAN LIGHTING: Unsecureds to Get $40,000 Fund Under Plan --------------------------------------------------------------- Appalachian Lighting Systems, Inc., filed a Chapter 11 plan. Class 6: General Unsecured Claims are impaired. Each Holder of an Allowed Class 6 Claim shall be paid in Cash on the Initial Distribution Date, or when the respective Claim becomes an Allowed Claim pursuant to the Terms of this Plan, their respective pro rata share of the $40,0000 Unsecured Claim Fund. Class 1: Synapse are impaired. The Allowed Class 1 Claim shall be paid from the net proceeds from the IP Monetization in its order of priority, $1,660,690.33. Class 2: Bridgeway are impaired. Upon receipt of $175,000 in cash, and in consideration of the same and the right pursuant to this Plan to be paid according to its priority as a Class 2 Claim from the IP Monetization an amount not to exceed $50,000, Bridgeway shall assign to the Exit Lender all rights related to Bridgeway’s Class 2 Claim. Class 3: Innovation Works are impaired. The Allowed Class 3 Claim shall be paid from the net proceeds from the IP Monetization in its order of priority, $200,000.00. Class 5: Unsecured Convenience Class Claims are impaired. Each Holder of an Allowed Unsecured Claims in the amount of $1,000 or less, and the Claims of those Creditors who elect to reduce their claims to $1,000 by so indicating on the Ballot that accompanies the Plan shall receive on, the Initial Distribution Date, Cash in an amount equal to the lesser of seventy-five percent (75%) of (a) the Allowed Amount of such Claim, or (b) the reduced claim amount of $1,000. Class 7: K-I Parties Unsecured Claims are impaired. The Allowed Class 7 Claims shall be paid from the net proceeds from the IP Monetization $1,000,000.00 which shall be paid after (a) the Holders of Allowed Claims in Class 1, Class 3 and the Cooperating Estate Professionals have been paid in full from the IP Monetization; and (b) the Reorganized Debtor shall have received $1,000,000 from the IP Monetization. Class 8: Interests in the Debtor are impaired. Holders of Interests in Debtor shall neither receive distributions nor retain any property under the Plan for or on account of such Interests. On or before the Effective Date, Reorganized Debtor shall enter into the Exit Facility. Reorganized Debtor may use the Exit Facility for any purpose permitted thereunder, including the satisfying of obligations under the Plan and funding ongoing working capital needs. A full-text copy of the Disclosure Statement dated June 27, 2019, is available at https://tinyurl.com/yxl65sja from PacerMonitor.com at no charge. Co-counsel for Debtor are Daniel A. DeMarco, Esq., and Christopher B. Wick, Esq., at Hahn Loeser & Parks LLP, in Cleveland, Ohio; and Kirk B. Burkley, Esq., at Bernstein Burkley, P.C., in Pittsburgh, Pennsylvania. About Appalachian Lighting Systems Founded in 2007, Appalachian Lighting Systems, Inc. -- http://www.alled.co/-- specializes in the development and manufacturing process of solid-state lighting (SSL). The company makes solid-state lighting solutions for small and large area outdoor and indoor applications. These fixtures are engineered to deliver at least 150,000 hours of maintenance-free operation and to provide 70 to 90 percent energy savings compared to the traditional lights they replace. The company is based in Ellwood City, Pennsylvania, where it designs, engineers and manufactures its product. Appalachian Lighting Systems, based in Ellwood City, Pennsylvania, filed a Chapter 11 petition (Bankr. W.D. Pa. Case No. 17-24454) on Nov. 3, 2017. In the petition signed by James J. Wassel, president, the Debtor estimated $1 million to $10 million in both assets and liabilities. The Hon. Gregory L. Taddonio oversees the case. Robert O Lampl, Esq., at the Law Office of Robert Lampl, serves as bankruptcy counsel. No official committee of unsecured creditors has been appointed in the Chapter 11 case of Alliance BioEnergy Plus, Inc. as of Dec. 3, according to a court docket. ARMAOS PROPERTY: May Continue Using Cash Collateral Until July 15 ----------------------------------------------------------------- Judge James J. Tancredi of the U.S. Bankruptcy Court for the District of Connecticut inked his approval to a Stipulation between Armaos Property Holdings, LLC and Olympic Hotel Corporation and Access Point Financial, LLC, which supplements the Sixth Cash Collateral Order and extends the Debtors' authority to use cash collateral for a period of 31 days to July 15, 2019. A full-text copy of the Stipulated Supplement is available at http://bankrupt.com/misc/ctb19-20134-195.pdf About Armaos Property and Olympic Hotel Armaos Property Holdings, LLC, owns a 140-room hotel located in Groton, Connecticut. Sister company Olympic Hotel Corporation operates the hotel. Armaos and Olympic have been a family owned business since the hotel opened in 1985. Armaos Property and Olympic Hotel filed voluntary petitions for the relief afforded under Chapter 11 of the Bankruptcy Code (Bankr. D. Conn. Case Nos. 19-20134 and 19-20135) on Jan. 30, 2019. The petitions were signed by Michael C. Armaos, manager. Joint administration of the cases has been requested. At the time of filing, Armaos Property estimated both assets and liabilities at $1 million to $10 million; and Olympic Hotel estimated $50,000 to $100,000 in assets and $1 million to $10 million in liabilities. The Debtors are represented by James Berman, Esq., at Zeisler & Zeisler, P.C. ART & DENTISTRY: Seeks to Hire David E. Lynn as Legal Counsel ------------------------------------------------------------- Art & Dentistry seeks authority from the U.S. Bankruptcy Court for the District of Maryland to employ David E. Lynn, P.C. as its legal counsel. The firm will provide these services in connection with the Debtor's Chapter 11 case: a. advise the Debtor of its powers and duties in the continued management of its property and operation of its business; b. prepare legal papers on behalf of the Debtor; c. take the necessary steps to stay any action by creditors seeking liens, attachments or other advantages by legal process or non-judicial process; d. negotiate and prepare a disclosure statement and plan of reorganization; and e. perform all other legal services for the Debtor which may be necessary. Lynn will be paid at the hourly rate of $475 and will receive a retainer of $7,500. The firm will also receive reimbursement for work-related expenses incurred. David Lynn, Esq., disclosed in court filings that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code, and does not represent any interest adverse to the Debtor and its estate. David E. Lynn can be reached at: David E. Lynn, Esq. DAVID E. LYNN, P.C. 15245 Shady Grove Road, Suite 465 North Rockville, MD 20850 Tel: (301) 255-0100 Email: davidlynn@verison.net About Art & Dentistry Art & Dentistry, http://www.artanddentistry.com-- is a dental services organization with offices in Bethesda, Potomac, Rockville, and Washington DC. It specializes in family and general dentistry, CEREC one-visit crowns, traditional orthodontics, cosmetic dentistry, invisalign clear braces, porcelain veneers, teeth whitening, dental implants, sedation dentistry, and botox cosmetic and juvaderm. Art & Dentistry filed a voluntary Chapter 11 petition (Bankr. D. Md. Case No. 19-18294) on June 19, 2019. The Debtor previously sought bankruptcy protection on Sept. 20, 2017 (Bankr. D. Md. Case No. 17-22579). In the petition signed by Ellen Brodsky, managing member, the Debtor estimated $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. The case is assigned to Judge Wendelin I. Lipp. David E. Lynn, P.C. is the Debtor's counsel. ASTRIA HEALTH: Committee Hires Polsinelli PC as Co-Counsel ---------------------------------------------------------- The Official Committee of Unsecured Creditors of Astria Health, and its debtor-affiliates, seeks authorization from the U.S. Bankruptcy Court for the Eastern District of Washington to retain Polsinelli PC, as co-counsel to the Committee. The Committee requires Polsinelli PC to: a. provide legal advice regarding the powers and duties available to the Committee, as an official committee under the Bankruptcy Code; b. investigate the acts, conduct, assets, liabilities and financial condition of the Debtors, the operation of the Debtors' businesses, and any other matter relevant to the cases or to the formulation of a plan or plans of reorganization or liquidation; c. prepare on behalf of the Committee necessary applications, motions, complaints, answers, orders, agreements and other legal papers; d. review, analyze and assist the Committee in responding to all pleadings filed by the Debtors or other parties in interest and appear in Court to present necessary motions, applications and pleadings and to otherwise protect the interest of the Committee; e. consult with the Debtors and their professionals, other parties in interest and their professionals, and the U.S. Trustee concerning the administration of the Debtors' estates; f. represent the Committee in hearings and other judicial proceedings; g. advise the Committee on practice and procedure in the Court and regarding the Local Rules and local practice; and h. perform all other legal services for the Committee with these cases. Polsinelli PC will be paid at these hourly rates: Shareholders $550 Associates $335 to $340 Paraprofessionals $265 Polsinelli PC will also be reimbursed for reasonable out-of-pocket expenses incurred. Jane Pearson, a partner at Polsinelli PC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and (a) is not creditors, equity security holders or insiders of the Debtors; (b) has not been, within two years before the date of the filing of the Debtors' chapter 11 petition, directors, officers or employees of the Debtors; and (c) does not have an interest materially adverse to the interest of the estate or of any class of creditors or equity security holders, by reason of any direct or indirect relationship to, connection with, or interest in, the Debtors, or for any other reason. Polsinelli PC can be reached at: Jane Pearson, Esq. POLSINELLI PC 1000 Second Avenue, Suite 3500 Seattle, WA 98104 Telephone: (206) 393-5415 E-mail: jane.pearson@polsinelli.com About Astria Health Astria Health and its subsidiaries -- https://www.astria.health -- are a nonprofit health care system providing medical services to patients who generally reside in Yakima County and Benton County, Wash., through the operation of Sunnyside, Yakima, and Toppenish hospitals, as well as several health clinics, home health services, and other healthcare services. Collectively, they have 315 licensed beds, three active emergency rooms, and a host of medical specialties. The Debtors have 1,547 regular employees. Astria Health and 12 of its subsidiaries filed for bankruptcy protection (Bankr. E.D.Wash, Lead Case No. 19-01189) on May 6, 2019. In the petitions signed by John Gallagher, president and CEO, the Debtors estimated assets and liabilities of $100 million to $500 million. The Hon. Frank L. Kurtz oversees the cases. Bush Kornfeld LLP and Dentons US LLP serve as the Debtors' counsel. Kurtzman Carson Consultants, LLC is the claims and noticing agent. Gregory Garvin, acting U.S. trustee for Region 18, on May 24, 2019, appointed seven creditors to serve on an official committee of unsecured creditors. The Committee retained Sills Cummis & Gross P.C. as its legal counsel; Polsinelli PC, as co-counsel; and Berkeley Research Group, LLC as financial advisor. BLOOMINGDALE AVENUE: Seeks to Hire Ciardi Ciardi as Counsel ----------------------------------------------------------- Bloomingdale Avenue Development, LLC, seeks authority from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to employ Ciardi Ciardi & Astin, P.C., as counsel to the Debtor. Bloomingdale Avenue requires Ciardi Ciardi to: a. give the Debtor legal advice with respect to its powers and duties as a Debtor-in-possession; b. prepare on behalf of the Debtor any necessary applications, answers, orders, reports, and other legal papers; and c. perform all other legal services for the Debtor which may be necessary herein. Ciardi Ciardi will be paid at these hourly rates: Attorneys $300 to $515 Paralegals $120 Ciardi Ciardi received a retainer of $20,000, plus $1,775 filing fee. The Firm drew down on this retainer the amount of $2,500 for prepetition services, leaving a prepetition retainer of $17,500. Ciardi Ciardi will also be reimbursed for reasonable out-of-pocket expenses incurred. Albert A. Ciardi, III, a partner at the firm, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Ciardi Ciardi can be reached at: Albert A. Ciardi, III, Esq. CIARDI CIARDI & ASTIN, P.C. 2005 Market Street, Suite 3500 Philadelphia, PA 19103 Tel: (215) 557-3550 Fax: (215) 557-3551 E-mail: aciardi@ciardilaw.com About Bloomingdale Avenue Development Bloomingdale Avenue Development, LLC, based in Philadelphia, PA 19333, sought Chapter 11 protection (Bankr. E.D. Pa. Case No. 19-13912) on June 19, 2019. In the petition signed by John W. Benson, III, sole member, the Debtor estimated $1 million to $10 million in both assets and liabilities. The Hon. Eric L. Frank oversees the case. Albert A. Ciardi, III, at Ciardi Ciardi & Astin, P.C., serves as bankruptcy counsel to the Debtor. BRILLIANT ENVIRONMENTAL: Hires Goldsmith & Platter as Accountant ---------------------------------------------------------------- Brilliant Environmental Services, LLC, seeks authority from the U.S. Bankruptcy Court for the District of New Jersey to employ Goldsmith & Platter, as accountant to the Debtor. Brilliant Environmental requires Goldsmith & Platter to prepare necessary financial documents including tax returns, quarterly statements, and cash flow projections. Goldsmith & Platter will be paid at the hourly rate of $600. Goldsmith & Platter will also be reimbursed for reasonable out-of-pocket expenses incurred. Marc Goldsmith, partner of Goldsmith & Platter, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Goldsmith & Platter can be reached at: Marc Goldsmith GOLDSMITH & PLATTER 111 Northfield Ave., Suite 206 West Orange, NJ 07052 Tel: (973) 669-5700 About Brilliant Environmental Services Brilliant Environmental Services is a full-service environmental consulting and contracting firm. The Company offers a wide array of environmental services to residential, commercial, industrial, and municipal/public clients, including investigation, remediation, brownfields redevelopment, and underground storage tank services. Brilliant Environmental Services, LLC, based in Jackson, NJ, filed a Chapter 11 petition (Bankr. D.N.J. Case No. 19-19682) on May 13, 2019. In the petition signed by Philip Brilliant, managing member, the Debtor disclosed $542,706 in assets and $1,076,034 in liabilities. The Hon. Kathryn C. Ferguson overseesthe case. The Debtor hired Gillman Bruton & Capone, LLC, as bankruptcy counsel to the Debtor. BUSINESS FIRST: Amends Plan to Disclose Estimated Value of Claims ----------------------------------------------------------------- Business First, LLC, filed an amended combined Chapter 11 plan of liquidation and accompanying Disclosure Statement to disclose the following estimated value of claims: 1 - Secured Claims $0 2 - Non-Priority Tax Claims $0 3 - General Unsecured Claims $17,011 4 - Subordinated Claims of Telemar UK Limited $88,009 5 - Other Subordinated Claims $6,218,799 6 - Interests n/a Class 3 General Unsecured Claims are unimpaired. Each Holder of an Allowed General Unsecured Claim shall receive, on account of its Allowed General Unsecured Claim, payment in full in Cash from the Wind-Down Reserve as soon as reasonably practicable after the later of the Effective Date and the date on which such General Unsecured Claim becomes an Allowed General Unsecured Claim. Class 4 Subordinated Claims of Telemar UK Limited are impaired. After satisfaction in full of all senior Claims, each Telemar UK Limited, and any successors in interest thereto, shall receive any Remaining Assets of the Debtor’s Estate, as determined by the Liquidating Debtor pursuant to the terms of this Combined Disclosure Statement and Plan. Class 5 Other Subordinated Claims are impaired. Holders of Subordinated Claims in Class 5 will not receive any Distribution under the Combined Disclosure Statement and Plan, and their Subordinated Claims will be extinguished as of the Effective Date. Class 6 Interests are impaired. Holders of Interests in the Debtor in Class 6 will not receive a Distribution under the Combined Disclosure Statement and Plan, and their Interests will be canceled as of the Effective Date. All Plan Expenses may be paid by the Authorized Agent from the Wind-Down Reserve without further notice to Creditors or approval of the Bankruptcy Court. The Plan Confirmation Hearing for August 6, 2019, at 10:30 a.m. (prevailing Eastern Time). Any Objection to Confirmation of this Combined Disclosure Statement and Plan must be filed and served no later than July 26, 2019, at 4:00 p.m. (prevailing Eastern Time). A full-text copy of the Disclosure Statement dated June 27, 2019, is available at https://tinyurl.com/y2celexq from PacerMonitor.com at no charge. Counsel to the Debtor are Kate R. Buck, Esq., and Shannon D. Humiston, Esq., at McCarter & English, LLP, in Wilmington, Delaware; and Lisa S. Bonsall, Esq., at at McCarter & English, LLP, in Newark, New Jersey. About Business First, LLC Business First, LLC -- https://www.telemarusa.com/ -- provides navigation and communication equipment and services to the maritime industry. It also offers equipment installation, repairs, inspections and satellite airtime solutions. Business First filed a voluntary Chapter 11 petition (Bankr. D. Del. Case No. 19-11223) on May 31, 2019. In the petition signed by Thomas Collins, officer, the Debtor estimated $62,608 in assets and $6,323,821 in liabilities. The case is assigned to the Hon. Mary F. Walrath. Kate R. Buck, Esq. at McCarter & English, LLP, represents the Debtor as counsel. CARIBOU ENERGY: Involuntary Chapter 11 Case Summary --------------------------------------------------- Alleged Debtor: Caribou Energy Corporation 535 Princeland Court Corona, CA 92879-0000 Business Description: Caribou Energy Corporation is a privately held company in Corona, California, that operates in the oil spill cleanup business. Involuntary Chapter 11 Petition Date: May 3, 2019 Court: United States Bankruptcy Court Central District of California (Riverside) Case No.: 19-13871 Judge: Hon. Mark S. Wallace Petitioners' Counsel: Jeffrey S. Shinbrot, Esq. THE SHINBROT FIRM 15260 Ventura Boulevard, Suite 1200 Sherman Oaks, CA 91403 Tel: 310-659-5444 Fax: 310-878-8304 E-mail: jeffrey@shinbrotfirm.com Alleged creditors who signed the involuntary petition against the Debtor: Petitioners Nature of Claim Claim Amount ----------- --------------- ------------ Norman Baillie Money Loaned $676,750 7136 Ashland Glen Lakewood Ranch, FL 34202 Robert Braswell Money Loaned $150,000 One Chaparral Pl Lorena, TX 76655 John Armstrong Money Loaned $30,000 1240 Carriage Lane Corona, CA 92880 Damien Horne Money Loanned $138,599 223 N Guadalupe St #567 Santa Fe, NM 87501 A full-text copy of the Involuntary Petition is available for free at: http://bankrupt.com/misc/cacb19-13871.pdf CD HALL LLC: Seeks to Hire Dawson & Lordahl as Special Counsel -------------------------------------------------------------- CD Hall LLC seeks authority from the U.S. Bankruptcy Court for the District of Nevada to employ Dawson & Lordahl, PLLC as special counsel. The services to be provided by the firm include advising the Debtor on tax issues present in its Chapter 11 case and representing the Debtor in negotiations concerning the resolution of tax issues; Var Lordahl, Esq., the firm's attorney who will be providing the services, will charge an hourly fee of $350. Mr. Lordahl assures the court that his firm is a "disinterested person" as such term is defined by Section 101(14), and its representation of Debtor will not be adverse to the bankruptcy estate. The firm can be reached at: Var E. Lordahl, Esq. Dawson & Lordahl, PLLC 8925 West Post Road, Suite 210 Las Vegas, NV 89148 Phone: (702) 476-6440 Fax: (702) 476-6442 About CD Hall LLC C.D. Hall LLC, owner of a child day care center in Las Vegas, filed a Chapter 11 petition (Bankr. D. Nev. Case No. 18-13058) on May 25, 2018. The Debtor initially sought for bankruptcy protection on Nov. 29, 2013 (Bankr. D. Nev. Case No. 13-20032). In the petition signed by Jhonna Diller, managing member, the Debtor estimated assets and liabilities ranging from $1 million to $10 million. The Hon. Laurel E. Babero presides over the case. The Debtor is represented by Ryan A. Aanderson, Esq., at Andersen Law Firm, Ltd. CELLA III LLC: Hires Patrick J. Gros as Accountant -------------------------------------------------- Cella III, LLC, seeks authority from the U.S. Bankruptcy Court for the Eastern District of Louisiana to employ Patrick J. Gros, CPA, APAC, as accountant to the Debtor. Cella III, LLC requires Patrick J. Gros to: a. provide general accounting services; b. consult and prepare monthly operating reports pursuant to requirements provided by the Office of the U.S. Trustee; c. provide such other accounting and financial advisory services as may be requested by the Debtor and other professionals employed by the Debtor. Patrick J. Gros will be paid at these hourly rates: Partners $225 Managers $175 Seniors $140 Staffs $95 Patrick J. Gros will also be reimbursed for reasonable out-of-pocket expenses incurred. Patrick J. Gros, a partner at Patrick J. Gros, CPA, APAC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their/its estates. Patrick J. Gros can be reached at: Patrick J. Gros PATRICK J. GROS, CPA, APAC 651 River Highlands Blvd. Covington, LA 70433 Tel: (985) 898-3512 About Cella III, LLC Cella III, LLC, a company based in Metairie, La., filed a Chapter 11 petition (Bankr. E.D. La. Case No. 19-11528) on June 5, 2019. In the petition signed by George A. Cella, III, member and manager, the Debtor estimated $10 million to $50 million in assets and $1 million to $10 million in liabilities. The Hon. Jerry A. Brown oversees the case. Leo D. Congeni, Esq., at Congeni Law Firm, LLC, is the Debtor's bankruptcy counsel. Sternberg, Naccari & White, LLC, is special counsel. CLARE OAKS: Seeks to Hire Cushman & Wakefield as Investment Banker ------------------------------------------------------------------ Clare Oaks seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire Cushman & Wakefield of Illinois, Inc., as its investment banker. The firm will assist the Debtor in connection with the potential sale of the Continuing Care Retirement Facility and real property located at 825 Carillon Drive, Bartlett, Ill. The Debtor has agreed to compensate Cushman for services rendered in the amount of 1.5% of the total sale price or a minimum fee of $300,000, and reimburse the firm up to $15,000 for marketing expenses incurred. Cushman is "disinterested" as defined in Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Michael Stacy Cushman & Wakefield of Illinois, Inc. 225 W. Wacker 3000 Chicago, IL 60606 Phone: +1 312 871-5004 Email: michael.stacy@cushwake.com About Clare Oaks Clare Oaks -- https://www.clareoaks.com/ -- is a not-for-profit corporation that operates a continuing care retirement community. Its facilities and services include independent living, assisted living, skilled nursing, rehabilitation, and memory care services. The Debtor previously sought bankruptcy protection on Dec. 5, 2011 (Bankr. N.D. Ill. Case No. 11-48903). Clare Oaks sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 19-16708) on June 11, 2019. At the time of the filing, the Debtor estimated assets of between $10 million and $50 million and liabilities of between $100 million and $500 million. The case is assigned to Judge Donald R. Cassling. The Debtor tapped Polsinelli PC as legal counsel; Solic Capital Advisors LLC as financial advisor; and Stretto LLC as claims and balloting agent and as administrative advisor. CLARE OAKS: Seeks to Hire SOLIC Capital as Financial Advisor ------------------------------------------------------------ Clare Oaks seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire SOLIC Capital Advisors, LLC as its financial advisor. The firm will provide these financial advisory services in connection with the Debtor's Chapter 11 case: a. assessment and validation of the Debtor's financial projections and assumptions, operational restructuring initiatives, debt capacity, and effectiveness of liquidity stabilization and performance improvement initiatives; b. assistance with respect to any negotiations with other capital structure constituents (including senior secured or junior creditors) in order to align interests based on current market conditions and existing debt capacity; c. contingency planning and execution support for potential strategic alternatives to a sale; d. support various liquidity management activities as requested by the Debtor to maintain adequate liquidity; e. conduct detailed damages assessments, recovery opportunity and expert testimony support services to the extent requested by the Debtor; f. at the request of the Debtor, assist management and the Debtor's legal counsel in the review of any threatened or unforeseen litigation, contingent liabilities, and regulatory related or submission requirements g. provide bankruptcy administrative support services; and h. provide other services consistent with the firm's expertise. The firm's hourly rates are: Senior Managing Director $750 - $950 Senior Advisor $750 - $950 Managing Director $695 - $825 Director $550 - $695 Vice President $450 - $550 Senior Associate $350 - $450 Associate/Analyst $245 - $350 Paraprofessional $95 - $125 SOLIC received retainer fees totaling $100,000. The firm is "disinterested" as defined in Section 101(14) of the Bankruptcy Code, according to court filings. SOLIC can be reached through: Neil Luria SOLIC Capital Advisors, LLC 1603 Orrington Avenue, Suite 1600 Evanston, IL 60201 Phone: 847.583.1618 Email: info@soliccapital.com About Clare Oaks Clare Oaks -- https://www.clareoaks.com/ -- is a not-for-profit corporation that operates a continuing care retirement community. Its facilities and services include independent living, assisted living, skilled nursing, rehabilitation, and memory care services. The Debtor previously sought bankruptcy protection on Dec. 5, 2011 (Bankr. N.D. Ill. Case No. 11-48903). Clare Oaks sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 19-16708) on June 11, 2019. At the time of the filing, the Debtor estimated assets of between $10 million and $50 million and liabilities of between $100 million and $500 million. The case is assigned to Judge Donald R. Cassling. The Debtor tapped Polsinelli PC as legal counsel; Solic Capital Advisors LLC as financial advisor; and Stretto LLC as claims and balloting agent and as administrative advisor. COOL HOLDINGS: Mauricio Diaz Has 13.6% Stake as of June 5 --------------------------------------------------------- Mauricio Diaz disclosed in a Schedule 13D filed with the Securities and Exchange Commission that as of June 22, 2019, he beneficially owns 1,265,382 common shares of Cool Holdings, Inc., which includes 424,348 unexercised warrants, representing 13.62% of the shares outstanding. The percentage was calculated based upon 8,868,531 outstanding shares of the Issuer as of May 15, 2019, plus 424,348 common shares in aggregate underlying warrants which are beneficially owned by Mr. Diaz and included pursuant to Rule 13d-3(d)(1)(i) of the Securities Exchange Act of 1934, as amended. On March 12, 2018, Mr. Diaz was appointed as chief executive officer and as a director of InfoSonics Corp. and simultaneously acquired 125,014 common shares of Cool Holdings in connection with a merger between InfoSonics Corp. and Cool Holdings, Inc. The 125,014 common shares were held indirectly by Bliss Investment Group, LLC, a Florida limited liability company in which Mr. Diaz has a 100% pecuniary interest with sole voting and dispositive power. Mr. Diaz held 6.37% of the Issuer's 1,962,057 total outstanding shares as of March 12, 2018. On Aug. 15, 2018, Mr. Diaz exchanged debt obligations held through existing promissory notes into 424,348 common shares of the Issuer at a conversion price of $3.68 per share and acquired 424,348 warrants, exercisable into common shares of the Issuer at an exercise price of $3.56 per share. The 424,348 shares and 424,348 warrants were held indirectly through Bliss. As of Aug. 15, 2018, Mr. Diaz held 14.149% of the Issuer's outstanding common shares based on 3,351,632 total outstanding shares on Aug. 14, 2018, plus 3,110,034 common shares issued in connection with the debt exchange, together with the 424,348 warrants held by the reporting person, included pursuant to Rule 13d-3(d)(1). On Aug. 17, 2018, Mr. Diaz received 41,672 common shares of the Issuer at a price of $3.82 per share in connection with the exercise of an option to acquire assets of electronic stores in the Dominican Republic. The 41,672 shares were held indirectly through Bliss. As of Aug. 17, 2018, Mr. Diaz held 13.52% of the Issuer's outstanding common shares based on 3,351,632 total outstanding shares on Aug. 14, 2018, plus the Debt Exchange Shares and 625, 077 common shares issued in connection with the Unitron Assets acquisition, together with the 424,348 warrants held by him. On May 13, 2019, Mr. Diaz acquired 250,000 common shares of the Issuer at a price of $2.60 per share. As of May 13, 2019, Mr. Diaz held 13.62% of the Issuer's outstanding common shares based on 8,868,531 total outstanding shares on May 13, 2019, together with the 424,348 warrants held by him. On June 5, 2019, Mr. Diaz ceased to be an officer and director of Cool Holdings (with no continuing control intent or purpose), holding 13.62% of the Issuer's outstanding common shares based on 8,878,531 total outstanding shares on June 5, 2019, together with the 424,348 warrants held by him. A full-text copy of the regulatory filing is available for free at: https://is.gd/OoMt4I About Cool Holdings Cool Holdings, Inc., formerly known as InfoSonics Corporation -- http://www.coolholdings.com/-- is a Miami-based company currently comprised of OneClick, a chain of retail stores and an authorized reseller under the Apple Premier Partner, APR (Apple Premium Reseller) and AAR MB (Apple Authorized Reseller Mono-Brand) programs and Cooltech Distribution, an authorized distributor to the OneClick stores and other resellers of Apple products and other high-profile consumer electronic brands. Cool Holdings reported a net loss of $27.27 million for the year ended Dec. 31, 2018, compared to a net loss of $7.54 million for the year ended Dec. 31, 2017. As of March 31, 2019, Cool Holdings had $13.89 million in total assets, $19.01 million in total liabilities, and a total stockholders' deficit of $5.12 million. Kaufman, Rossin & Co., P.A., in Miami, Florida, the Company's auditor since 2018, issued a "going concern" qualification in its report dated April 16, 2019, on the Company's consolidated financial statements for the year ended Dec. 31, 2018, citing that the Company's significant operating losses raise substantial doubt about its ability to continue as a going concern. COUNTRY MORNING: Seeks to Hire Turning Point as Financial Advisor ----------------------------------------------------------------- Country Morning Farms, Inc. seeks authority from the U.S. Bankruptcy Court for the Eastern District of Washington to employ Turning Point Consulting as financial advisor. The services to be provided by the firm include the evaluation of the Debtor's financial performance; the formulation of a restructure plan to bring the Debtor back to operational profitability; review of accounting processes; assessment of internal controls; and assisting the Debtor in sourcing alternative bank financing. Turning Point's hourly billing rates are: Alan Chaffee $350 Eric Camm $275 Lucas Kartic $200 Controller/Analyst $175 Staff Accountant $100 The Debtor will pay the firm a retainer of $10,000. Turning Point can be reached at: Alan Chaffee Turning Point Consulting 811 1st Avenue Suite 200 Seattle, WA, 98104 Phone: 206-757-3001 About Country Morning Farms Country Morning Farms, Inc. is a privately held company in the cattle ranching and farming business. It is based in Warden, Wash. Country Morning Farms filed a Chapter 11 petition (Bankr. E.D. Wash. Case No. 19-00478) on March 1, 2019. In the petition signed by Robert Gilbert, vice president, the Debtor disclosed $6,421,269 in assets and $10,586,97 in liabilities. Judge Frederick P. Corbit oversees the case. William L. Hames, Esq., at Hames Anderson Whitlow & O'Leary, is the Debtor's bankruptcy counsel. CUPID CANDIES: Seeks Authorization to Use Cash Collateral --------------------------------------------------------- Cupid Candies, Inc. asks the U.S. Bankruptcy Court for the Northern District of Illinois to authorize the use of cash collateral to operate its business and pursue a reorganization plan to repay its creditors 100%. The proposed 30-day budget shows total cash disbursement of $75,279. The Debtor will use cash to operate its business and to preserve the going concern value of that business so that it can embark upon a sale process. There are two entities who may claim an interest in the Debtor's cash collateral: (i) Marquette Bank, which is owed approximately $230,000 secured by substantially all of the Debtor's assets; and (ii) the Internal Revenue Service, which recorded a series of federal tax liens over the last few years, totaling approximately $140,000. The Debtor projects that its cash position will remain stable over the next 3 weeks and believes that the value of the Claimants' interests in the cash collateral will not decline. Nonetheless, the Debtor proposes to provide the Claimants replacement liens on the same form and type of collateral securing their respective claims as of the Petition Date. A copy of the Debtor's Motion is available for free at http://bankrupt.com/misc/ilnb19-16842-5.pdf About Cupid Candies Cupid Candies, Inc., is a family-run candy manufacturer that also has three retail outlets in Chicago. It has been in business since 1936. Due to various factors and loss of important accounts, its financial condition deteriorated commencing in 2015, and it fell behind on its obligations to the Illinois Department of Revenue (the "IDR") and the Internal Revenue Service (the "IRS"). Cupid Candies sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 19-16842) on June 12, 2019. In the petition signed by its president, John P. Stefanos, the Debtor estimated assets of less than $50,000 and debts of less than $1 million. The Debtor is represented by William J. Factor, Esq., of FactorLaw. CYTORI THERAPEUTICS: Chief Financial Officer Resigns ---------------------------------------------------- Gary Titus notified Cytori Therapeutics, Inc., on July 5, 2019, of his intention to resign from his position as chief financial officer and secretary. He will remain with the Company in a part time role as an advisor. His resignation as chief financial officer and secretary and transition to a part time advisory role will be effective immediately. Cytori said Mr. Titus' departure as chief financial officer is not due to a dispute or disagreement with the Company or the Company's auditors. On July 5, 2019, the board of directors of the Company approved the appointment of Alan Lins to succeed Mr. Titus as the Company's vice president of finance and controller and Mr. Lins will serve as the Company's principal financial and accounting officer effective immediately. Mr. Lins' base salary will be $215,000 per year and he will be eligible for an annual incentive bonus with a target amount of 30% of his base salary. Mr. Lins joined the Company as corporate controller and director of finance in July 2015. Mr. Lins joined the Company from Graham Holdings, Inc., a publicly-held company, where he last served as corporate audit senior manager from October 2013 to June 2015. Prior to joining Graham Holdings, Inc., Mr. Lins served as senior manager, assurance at Ernst & Young, LLP for over 15 years. Mr. Lins is a certified public accountant with over 25 years' experience in the accounting and finance. About Cytori Based in San Diego, California, Cytori -- http://www.cytori.com/-- is developing, manufacturing, and commercializing nanoparticle-delivered oncology drugs. Cytori is focused on the liposomal encapsulation of anti-neoplastic chemotherapy agents or other drugs which may enable the effective delivery of the agents to target sites while reducing systemic toxicity and improving pharmacokinetics. Cytori's pipeline consists of ATI-0918 pegylated liposomal doxorubicin hydrochloride for breast cancer, ovarian cancer, multiple myeloma, and Kaposi's sarcoma, a complex/hybrid generic drug, and ATI-1123 patented albumin-stabilized pegylated liposomal docetaxel for multiple solid tumors. Cytori reported a net loss of $12.63 million for the year ended Dec. 31, 2018 compared to a net loss of $22.68 million for the year ended Dec. 31, 2018. As of March 31, 2019, Cytori had $24.61 million in total assets, $20.75 million in total liabilities, and $3.85 million in total stockholders' equity. BDO USA, LLP, in San Diego, California, the Company's auditor since 2016, issued a "going concern" qualification in its report dated March 29, 2019, on the Company's consolidated financial statements for the year ended Dec. 31, 2018, citing that Cytori has suffered recurring losses from operations that raise substantial doubt about its ability to continue as a going concern. CYTORI THERAPEUTICS: Cuts Texas & California Workforce by 46% ------------------------------------------------------------- Cytori Therapeutics, Inc. disclosed in a Form 8-K filed with the Securities and Exchange Commission that it commenced restructuring activities on July 1, 2019, including reducing combined staffing in its Texas and California facilities by 46% overall, reducing its office space in San Diego, California and streamlining and outsourcing its operations to better focus on its drug pipeline, in particular ATI-1123, in order to extend the Company's cash resources. As a result, the Company expects to incur a restructuring charge of approximately $71,000 in connection with one-time employee termination costs, including severance and other benefits, which costs are expected to be incurred primarily in the third quarter of 2019. The Company is not yet able to make a determination of each other major type of cost associated with the restructuring. The estimates of costs that the Company expects to incur and the timing thereof are subject to a number of assumptions and actual results may differ from initial estimates. About Cytori Based in San Diego, California, Cytori -- http://www.cytori.com/-- is developing, manufacturing, and commercializing nanoparticle-delivered oncology drugs. Cytori is focused on the liposomal encapsulation of anti-neoplastic chemotherapy agents or other drugs which may enable the effective delivery of the agents to target sites while reducing systemic toxicity and improving pharmacokinetics. Cytori's pipeline consists of ATI-0918 pegylated liposomal doxorubicin hydrochloride for breast cancer, ovarian cancer, multiple myeloma, and Kaposi's sarcoma, a complex/hybrid generic drug, and ATI-1123 patented albumin-stabilized pegylated liposomal docetaxel for multiple solid tumors. Cytori reported a net loss of $12.63 million for the year ended Dec. 31, 2018 compared to a net loss of $22.68 million for the year ended Dec. 31, 2018. As of March 31, 2019, Cytori had $24.61 million in total assets, $20.75 million in total liabilities, and $3.85 million in total stockholders' equity. BDO USA, LLP, in San Diego, California, the Company's auditor since 2016, issued a "going concern" qualification in its report dated March 29, 2019, on the Company's consolidated financial statements for the year ended Dec. 31, 2018, citing that Cytori has suffered recurring losses from operations that raise substantial doubt about its ability to continue as a going concern. DAVID HUNT: Liquidating Agent's $1.7M Sale of Olney Property Okayed ------------------------------------------------------------------- Judge Terry L. Myers of the U.S. Bankruptcy Court for the District of Montana authorized Richard J. Samson, the Liquidating Agent of David Herbert Hunt, to sell the real property located at 1505 Good Creek Road, Olney, Montana to Gus C. Hill, the Trustee of the Hill Family Living Trust, for $1.7 million. The sale is free and clear of all liens and encumbrances, with any valid liens to attach to the proceeds of said sale. At the time of closing of this sale transaction and from the sale proceeds, the Liquidating Agent (and his closing Agent) is authorized to disburse the sale proceeds as follows: i. First - payment of the costs of sale, including the Liquidating Agent's Expenses, realtor's commission, marketing costs, title insurance premiums, closing costs, the Allowed Class 1 Secured Claim of Flathead County for payment of real property taxes, and reserving estimated income taxes incurred from the sale, with the amount to be established in the sole discretion of the Agent. ii. Second - payment of Glacier Bank's Class 2 Allowed Secured Claim in the current estimated amount of $1,211,696 as of May 30, 2019. Interest continues to accrue at the rate of $119 per day through the date of closing. iii. Third - payment to David Hunt, at his election, of either (a) such homestead exemption to which he is entitled under Montana law, or (b) in lieu of his homestead election, the sum of $241,000 which would otherwise be payable to the Estate of David H. Hunt as provided under Par 9(f)(7) of the Marital and Property Settlement Agreement dated May 21, 2013 and filed in David and Jodie's divorce action (Flathead County District Court DR-10-289(C)). Debtor David Hunt will be entitled to either his homestead exemption, or, in lieu thereof, to the aforesaid $241,000, but not to both. iv. Fourth - Payment to Trustee Brandon of Jodie Hunt's Class 2 Allowed Secured Claim from such remaining sale proceeds that are attributable solely to the sale of David Hunt's interest in the real property and payable to the bankruptcy estate. Additionally, pursuant to the confirmed plan, it is understood that the White Parties assert the right to be paid the entire portion of any net proceeds of the sale of Jodie Hunt's one-half interest in the Real Property. v. Fifth - To the extent that any funds may remain on hand, payment of any remaining sale proceeds will be paid pro rata to the Holders of allowed Class 3 Unsecured Claims. The terms and conditions of the proposed sale, as set forth in the Liquidating Agent's Motion for Authority to Sell Property Free and Clear of Liens and Encumbrances, and any further terms and conditions as may be contained in the Buy-Sell Agreement and all addendums thereto between the Liquidating Agent and the Buyer, are approved. Glacier Bank, the White Parties, and Jodie Hunt, through her Chapter 7 Trustee, are directed to release their respective liens to the subject real property upon receipt of their payments as set forth in the Order. As provided by Bankruptcy Rule 6004(h), the 14-day stay of the Order is waived, and the Order will be effective and enforceable immediately upon entry by the Clerk of the Bankruptcy Court. David Herbert Hunt sought Chapter 11 protection (Bankr. D. Mont. Case No. 16-61163) on Nov. 29, 2016. The Debtor tapped Gary S. Deschenes, Esq., at Deschenes & Associates as counsel. The Third Amended Creditors' Joint Chapter 11 Plan of Liquidation dated June 8, 2018, was confirmed by the Court on June 20, 2018. Richard J. Samson, the Liquidating Agent, assumed his duties in the case on July 13, 2018. DESERT LAND: Ch. 11 Trustee Hires CRET, LLC as Auctioneer --------------------------------------------------------- Kavita Gupta, the Chapter 11 Trustee of Desert Land, LLC, and its debtor-affiliates, seeks authority from the U.S. Bankruptcy Court for the District of Nevada to employ CRET, LLC Series 2012-2 d/b/a Nellis Auction, as auctioneer to the Trustee. The Trustee requires CRET, LLC to auction, market, and sell the Debtor's assets consisting of: (i) a 2007 GMC Yukon XL; (ii) approximately 11 boxed palm trees; (iii) metal cables; (iv) office furniture and equipment; and (v) miscellaneous equipment. CRET, LLC will be paid a commission of 10% of the auction hammer price for the vehicle and 15% for the other assets with a 10% buyer’s premium to be charged for live bidders and 15% for online bidders. CRET, LLC will also be reimbursed for reasonable out-of-pocket expenses incurred. Ken Chupinsky, broker of CRET, LLC Series 2012-2 d/b/a Nellis Auction, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. CRET, LLC can be reached at: Ken Chupinsky CRET, LLC Series 2012-2 d/b/a Nellis Auction 2245 N Nellis Blvd. Las Vegas, NV 89115 Tel: (702) 531-1300 About Desert Land On April 30, 2018, Tom Gonzales commenced an involuntary petition for relief under Chapter 7 of the Bankruptcy Code against Desert Land, LLC. The petitioning creditor was Bradley J. Busbin, trustee for the Gonzales Charitable Remainder Unitrust One. Jamie P. Dreher -- jdreher@downeybrand.com -- of Downey Brand LLP represents the Trustee. The court ordered the conversion of the Chapter 7 case to a case under Chapter 11 on June 28, 2018 (Bankr. D. Nevada, Lead Case No. 18-12454). The Debtor's affiliates are Desert Oasis Apartments LLC, Desert Oasis Investments, LLC, and Skyvue Las Vegas LLC. Schwartzer & McPherson Law Firm serves as the Debtor's bankruptcy counsel. Curtis Ensign, PLLC, is special litigation counsel, and Gordon Law is special labor counsel. DORIAN LPG: BW Group Lowers Stake to 13% as of July 2 ----------------------------------------------------- In a Schedule 13D/A filed with the Securities and Exchange Commission, Sohmen Family Foundation and BW Group Limited disclosed that as of July 2, 2019, they may be deemed to be the beneficial owners of, and may be deemed to have shared voting and dispositive power over, 7,176,719 common shares of Dorian LPG Ltd., which represents 13.0% of the total outstanding Common Shares. This percentage is based on 55,167,708 Common Shares outstanding as of May 24, 2019, according to the 2019 10-K. As of July 2, 2019, BW Euroholdings Limited may be deemed to be the beneficial owner of, and may be deemed to have shared voting and dispositive power over, 7,176,619 Common Shares, which represents 13.0% of the total outstanding Common Shares. As of July 2, 2019, BW LPG Limited and BW LPG Holding Limited may be deemed to be the beneficial owners of, and may be deemed to have shared voting and dispositive power over, 100 Common Shares, which represents 0.0% of the total outstanding Common Shares. As previously disclosed in Amendment No. 8, BW Group has determined to cause Euroholdings to sell a portion of its holdings of Common Shares. In furtherance of this determination, Euroholdings has made the following sales of Common Shares in addition to the sales of Common Shares previously disclosed in Amendment No. 8: * On June 28, 2019, Euroholdings sold 150,000 Common Shares at a weighted average price of $8.9069 per Common Share. These shares were sold in multiple open market transactions executed by a broker on Euroholdings' behalf at prices ranging from $8.83 to $9.02; * On July 1, 2019, Euroholdings sold 75,647 Common Shares at a weighted average price of $9.1249 per Common Share. These shares were sold in multiple open market transactions executed by a broker on Euroholdings' behalf at prices ranging from $9.10 to $9.29; and * On July 2, 2019, Euroholdings sold 1,677 Common Shares at a price of $9.10 per Common Share. These shares were sold in open market transactions executed by a broker on Euroholdings' behalf. The exact number of Common Shares that Euroholdings will sell still has not been determined, and will depend upon, among other things, market conditions generally and for the Common Shares. BW Group presently expects, however, that, subject to market conditions generally and for the Common Shares, it will sell at least 1,200,000 Common Shares in addition to the 649,841 Common Shares sold by Euroholdings from June 26, 2019 through July 2, 2019. A full-text copy of the regulatory filing is available for free at: https://is.gd/n799lo About Dorian LPG Stamford, Connecticut-based Dorian LPG Ltd. -- http://www.dorianlpg.com/-- is a liquefied petroleum gas shipping company and an owner and operator of modern very large gas carriers. Dorian LPG's fleet currently consists of twenty-three modern VLGCs. Dorian LPG has offices in Stamford, Connecticut, USA; London, United Kingdom; Copenhagen, Denmark; and Athens, Greece. Dorian LPG reported a net loss of $50.94 million the year ended March 31, 2019, compared to a net loss of $20.40 million for the year ended March 31, 2018. As of March 31, 2019, Dorian LPG had $1.62 billion in total assets, $712.68 million in total liabilities, and $912.68 million in total shareholders' equity. E&E LANDSCAPING: Seeks to Hire Brian W. Hofmeister as Legal Counsel ------------------------------------------------------------------- E&E Landscaping Co., Inc. seeks authority from the U.S. Bankruptcy Court for the District of New Jersey to employ legal counsel in connection with its Chapter 11 case. In an application filed in court, the Debtor proposes to hire the Law Firm of Brian W. Hofmeister, LLC, and pay the firm $425 per hour for the services of its attorneys and $195 per hour for paralegal services. Hofmeister will also receive reimbursement for work-related expenses incurred. Brian Hofmeister, Esq., disclosed in court filings that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estate. Brian W. Hofmeister can be reached at: Brian W. Hofmeister, Esq. Law Firm of Brian W. Hofmeister, LLC 3131 Princeton Pike, Bldg. 5, Suite 110 Lawrenceville, NJ 08648 Tel: (609) 890-1500 Fax: (609) 890-6961 Email: bwh@hofmeisterfirm.com About E&E Landscaping Co., Inc. E&E Landscaping Co., Inc. owns a property located at Bordentown-Georgetown Road, Chesterfield, N.J., which is valued by the company at $1.6 million. E&E Landscaping sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 19-22355) on June 21, 2019. The Debtor previously filed a Chapter 11 petition (Bankr. D.N.J. Case No. 17-30237) on October 4, 2017. In the petition signed by Lothar Ehrich, president, the Debtor estimated $1,600,000 in total assets and $327,984 in total liabilities. The Debtor is represented by Brian W. Hofmeister, Esq., at the Law Firm of Brian W. Hofmeister, LLC. The case is assigned to Judge Christine M. Gravelle. ELK PETROLEUM: Seeks to Hire Chipman Brown as Special Counsel ------------------------------------------------------------- Elk Petroleum, Inc. seeks authority from the U.S. Bankruptcy Court for the District of Delaware to employ Chipman Brown Cicero & Cole, LLP as special counsel. The firm will represent the Debtor in the investigation of the following matters: a. the Debtor's claims against Elk Petroleum Aneth, LLC and Resolute Aneth, LLC; b. the Debtor's claims against third parties where Norton Rose Fulbright US LLP has a conflict; c. any negotiation with third parties with regard to the sale of the Debtor's interest in Elk Operating Services, LLC; d. contract assignment with respect to the Chapter 11 plan filed by Elk Petroleum Aneth and Resolute Aneth; e. the conversion transaction that took place in February 2019; f. other issues as determined by the Independent Committee of the Debtor's Board of Directors; and g. other matters which the bankruptcy court may determine as appropriate for conflicts counsel to handle on behalf of the Debtor. Chipman Brown's hourly rates are: Partners $475 to $645 Associates $350 Paralegals $225 The principal attorneys and paralegals proposed to represent the Debtors are: William E. Chipman Jr. $595 Adam D. Cole $625 Mark L. Desgrosseilliers $595 Mark D. Olivere $475 Michelle M. Dero $225 Mark Desgrosseilliers, Esq., a partner at Chipman Brown, disclosed in court filings that his firm is a "disinterested person" as defined in Section 101(14) of the Bankruptcy Code. In accordance with Appendix B-Guidelines for reviewing fee applications filed by attorneys in larger Chapter 11 cases, Mr. Desgrosseilliers disclosed that the firm has not agreed to any variations from, or alternatives to, its standard billing arrangements; and that no professional at the firm has varied his rate based on the geographic location of the Debtor's bankruptcy case. Chipman Brown, in conjunction with the Debtor and its legal counsel, is developing a prospective budget and staffing plan for the firm's involvement in the Debtor's Chapter 11 case. Chipman Brown can be reached through: William E. Chipman, Jr., Esq. Chipman Brown Cicero & Cole, LLP Hercules Plaza 1313 North Market Street, Suite 5400 Wilmington, DE 19801 Direct Dial: (302) 295-0193 Email: Chipman@ChipmanBrown.com About Elk Petroleum Elk Petroleum Inc. -- https://www.elkpet.com/ -- is an oil and gas company specializing in enhanced oil recovery (EOR). Elk Petroleum and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11157) on May 22, 2019. At the time of the filing, Elk Petroleum estimated assets of between $1 million and $10 million and liabilities of less than $50,000. The petition was signed by Scott M. Pinsonnault, chief restructuring officer. The Debtors tapped Norton Rose Fulbright US LLP and Womble Bond Dickinson (US) LLP as legal counsel; Ankura Consulting Group, LLC as restructuring advisor; Opportune LLP as valuation analysis provider; and Bankruptcy Management Solutions, Inc. as claims and noticing agent. ENALASYS CORPORATION: Seeks to Hire Conway MacKenzie, Appoint CRO ----------------------------------------------------------------- Enalasys Corporation seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Conway MacKenzie, Inc. and appoint the firm's senior managing director Jeffrey Perea as its chief restructuring officer. The firm will provide these services in connection with the Debtor's Chapter 11 case: Liquidity Forecasting (I) Evaluate and manage cash flow. (II) Approve, manage, and control cash disbursements. (III) Evaluate and control cash conservation measures and assist with implementation of cash forecasting and reporting tools as requested. (IV) Preparation and negotiation of financing budgets and related documents. Restructuring and Other Services (1) Assess potential EBITDA based on revenue and product line strategy and other restructuring initiatives. (2) Development of go forward business and restructuring plans, including the development of a written assessment of the future prospects of the business, the related working capital needs and a recommendation of how the Debtor can best be restructured to realize value. (3) Analyze long-term capital needs to effectuate a capital raise, sale transaction, or restructuring. (4) Develop working capital management tools. (5) Participate in development of strategy to negotiate with key stakeholders in order to effectuate a capital raise, sale transaction or restructuring. (6) Evaluate and manage the inflows and outflows of cash. (7) Assist personnel with the communications and negotiations with lenders, creditors and other parties-in-interest including the preparation of financial information for distribution to such parties-in-interest. (8) Lead the compilation and preparation of financial information, statements, schedules and monthly operating reports. (9) Assist the Debtor and its other advisors with the formulation of a Chapter 11 plan of reorganization or liquidation and the preparation of the corresponding disclosure statement. (10) Prepare a liquidation analysis for a reorganization plan or negotiation purposes. (11) Assist the Debtor in managing and executing the reconciliation process involving claims filed by all creditors. (12) Provide testimony in the chapter 11 case as necessary or appropriate at the Debtor's request. Conway will bill the Debtor for its services on an hourly basis with fees ranging from $155 per hour for paraprofessionals to $625 per hour for senior managing directors. The bulk of the work is anticipated to be done by Mr. Perea at an hourly rate of $500. The firm will receive $5,000 upon approval of its employment with the Debtor. Mr. Perea disclosed in court filings that his firm is "disinterested" as defined in Section 101(14) of the Bankruptcy Code. Conway can be reached through: Jeffrey Perea Conway MacKenzie, Inc. 333 South Hope Street, Suite 3625 Los Angeles, CA 90071 Phone: +1.213.416.6200 E-mail: JPerea@ConwayMacKenzie.com About Enalasys Corporation Enalasys Corporation develops, markets and sells heating and air conditioning-related products and services especially those related to environmental matters. Enalasys Corporation filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 19-11987) on May 23, 2019, listing under $1 million in both assets and liabilities. The Debtor is represented by Michael Jones, Esq., at M Jones & Associates, PC. ESCUE WOOD: Seeks to Hire Harris Shelton as Counsel --------------------------------------------------- Escue Wood Treated Products, LLC, seeks authority from the U.S. Bankruptcy Court for the Western District of Tennessee to employ Harris Shelton Hanover Walsh, PLLC, as counsel to the Debtor. Escue Wood requires Harris Shelton to: a. advise the Debtor with respect to its powers and duties as Debtor-in-Possession in the continued operation of its business and management of its property; b. assist the Debtor in the preparation of its statement of financial affairs, schedules, statement of executor contracts and unexpired leases, and any papers or pleadings, or any amendments thereto that the Debtor is required to file in these cases; c. represent the Debtor in any proceeding that is instituted to reclaim property or obtain relief from the automatic stay imposed by Section 362 of the Bankruptcy Code or that seeks the turnover or recovery of property; d. provide assistance, advice and representation concerning the formulation, negotiation and confirmation of a Plan of Reorganization (and accompanying ancillary documents); e. provide assistance, advice and representation concerning any investigation of the assets, liabilities and financial condition of the Debtor that may be required; f. represent Debtor at hearings or matters pertaining to affairs as Debtor-In-Possession; g. prosecute and defend litigation matters and such other matters that might arise during and related to these Chapter 11 cases; h. provide counseling and representation with respect to the assumption or rejection of executory contracts and leases and other bankruptcy-related matters; i. represent the Debtor in matters that may arise in connection with its business operations, its financial and legal affairs, its dealings with creditors and other parties-in-interest and any other matters, which may arise during the bankruptcy case; j. render advice with respect to the myriad of general corporate and litigation issues relating to these cases, including, but not limited to, health care, real estate, securities, corporate finance, tax and commercial matters; and assisting Debtor in connection with any necessary application, orders, reports or other legal papers and to appear on behalf of the Debtor in proceedings instituted by or against the Debtor; and k. perform such other legal services as may be necessary and appropriate for the efficient and economical administration of these Chapter 11 cases. Harris Shelton will be paid at these hourly rates: Partners $350 Associates $175 Paraprofessionals $65 Harris Shelton will be paid a retainer in the amount of $15,000. Harris Shelton will also be reimbursed for reasonable out-of-pocket expenses incurred. Steven N. Douglass, partner of Harris Shelton Hanover Walsh, PLLC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Harris Shelton can be reached at: Steven N. Douglass, Esq. HARRIS SHELTON HANOVER WALSH, PLLC 40 S. Main Street, Suite 2210 Memphis, TN 38103-2555 Tel: (901) 525-1455 E-mail: snd@harrisshelton.com About Escue Wood Treated Products Founded in 2013, Escue Wood Treated Products, LLC, is a privately held manufacturer of treated southern yellow pine wood. Its wood products are manufactured in Milan and distributed in five states. Escue Wood Treated Products sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tenn. Case No. 19-11142) on May 23, 2019. At the time of the filing, the Debtor estimated assets of between $1 million and $10 million and liabilities of the same range. The case is assigned to Judge Jimmy L. Croom. The Debtor hired Harris Shelton Hanover Walsh, PLLC, as counsel. ESSEX CONST: Trustee Seeks to Expand Scope of Mendelson Employment ------------------------------------------------------------------ Bradford Englander, the Chapter 11 trustee for Essex Construction LLC, has asked the U.S. Bankruptcy Court for the District of Maryland to authorize financial expert Mendelson & Mendelson, CPAs, P.C. to provide additional services. In a supplemental application filed in court, the trustee seeks to expand the scope of Mendelson's employment to include the provision of expert advice, preparation of expert reports, and testimony as an expert witness to the trustee with respect to the Debtor's insolvency, ability to pay debts, and other financial matters. a. provide expert advice to the Trustee on financial and insolvency matters; b. serve as an expert witness in hearings, trials, and other proceedings; c. prepare expert reports; and d. assist the Trustee with such other financial matters as the Trustee may request. Mendelson will bill at its hourly rates. The standard rate for principals is $375 per hour. Louis Ruebelmann, a certified public accountant employed with Mendelson, attests that his firm is a "disinterested person" as defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Louis B. Ruebelmann, CPA Mendelson & Mendelson, CPA's, P.C. 12505 Park Potomac Avenue, Suite 250 Potomac, MD 20854-6805 Main Number: 301-656-0001 Fax: 301-424-4440 About Essex Construction, LLC Essex Construction, LLC, filed a Chapter 11 petition (Bankr. D. Md. Case No. 16-24661) on Nov. 4, 2016. The petition was signed by Roger R. Blunt, president and chief executive officer. The case is assigned to Judge Thomas J. Catliota. At the time of filing, the Debtor estimated assets to be less than $50,000 and liabilities at $1 million to $10 million. The Debtor hired Kim Y. Johnson, Esq., at the Law Offices of Kim Y. Johnson, and N. William Jarvis, Esq., as legal counsel. The Debtor has Robert Wrightson as executive vice president; Marc Hunter as executive assistant to the president and chief executive officer; Curtis Bowers as marketing director; and BradyRenner and Company, LLC as accountant. The Office of the U.S. Trustee appointed Bradford F. Englander, Esq., as Chapter 11 trustee on March 17, 2017. The court confirmed the appointment on March 21, 2017. The bankruptcy trustee hired Whiteford, Taylor & Preston, LLP as his legal counsel and Protiviti Inc. as his financial advisor. FOOT & ANKLE: Unsecureds to Get 120 Monthly Payments of $1,900 -------------------------------------------------------------- Foot & Ankle Health Care Center, Ltd., filed a small business Chapter 11 plan and accompanying disclosure statement. Class 8 General Unsecured Class are impaired and will receive a monthly payment of $1,900.98, beginning in Month 1 and ending in Month 120. Class 3 Secured claim of Chase Bank, N.A. are impaired. The Debtor shall make the following payments relating to Chase's Secured Claim: (a) the Debtor shall pay the sum of $5,682.86 per month, for sixty (60) months, due and payable on the 15th day of each month, until Chase's Secured Claim is paid in full; (b) Chase's Secured Claim shall carry an interest rate of 7% per annum; and c) Chase's Secured Claim may be prepaid without penalty. Class 4 Secured claim of FC Marketplace, LLC, are impaired. Class 4 is a secured class secured by the Debtor's accounts receivables. This creditor is in 3rd position against the receivables. After the Debtor completes its Plan payments, this creditor shall release its lien and the Debtor shall receive a discharge from this Debt. Class 5 Secured claim of The Business Backer are impaired. Class 5 is a secured class secured by the Debtor's pre-filing accounts receivable. This creditor is in 4th position against the receivables and will be treated as wholly unsecured and paid as a Class 8 creditor. Upon confirmation, this creditor shall release its lien and the Debtor shall receive a discharge from this claim. Class 6 Secured claim of Bankers Healthcare Group, LLC, are impaired. Class 6 is a secured class secured by the Debtor's accounts receivables. This creditor is in 2nd position against the receivables. This claim is impaired because it is not being paid the contract interest rate nor is it being paid at the same rate as it would in non-bankruptcy law. After the Debtor completes its Plan payments, this creditor shall release its lien and the Debtor shall receive a discharge from this Debt. Class 7 Secured claim of LG Funding are impaired. Class 7 is a secured class secured by the Debtor's pre-filing accounts receivables. This creditor is in 5th position against the receivables and will be treated as wholly unsecured and paid as a Class 8 creditor. Upon confirmation, this creditor shall release its lien and the Debtor shall receive a discharge from this claim. The Debtor will fund the Plan by using the excess monthly cash flow detailed in the projections contained in Exhibit G. A full-text copy of the Disclosure Statement dated June 27, 2019, is available at https://tinyurl.com/y2qcewzh from PacerMonitor.com at no charge. FRANKIE V'S KITCHEN: Hires Resources Connection as Accountant ------------------------------------------------------------- Frankie V's Kitchen, LLC, seeks authority from the U.S. Bankruptcy Court for the Northern District of Texas to employ Resources Connection, LLC dba Resources Global Professionals, as accountant to the Debtor. Frankie V's Kitchen requires Resources Connection to: -- assist the Debtor in the maintenance of its books and records; -- assist with schedules and statement of financial affairs; -- assist with financial projections; and -- advise as to ramifications of proposed courses of actions during the restructuring process. Resources Connection will be paid at the hourly rates of $150-$225. Resources Connection will also be reimbursed for reasonable out-of-pocket expenses incurred. Susan Hicks, partner of Resources Connection, LLC dba Resources Global Professionals, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Resources Connection can be reached at: Susan Hicks RESOURCES CONNECTION, LLC DBA RESOURCES GLOBAL PROFESSIONALS 15301 North Dallas Parkway, Suite 1050 Addison, TX Tel: (214) 777-0580 E-mail: dallas@rgp.com About Frankie V's Kitchen Frankie V's Kitchen, LLC -- http://www.frankievskitchen.com/-- produces and distributes hot sauces, salsas, dressings and condiments, gourmet soups, and spreads. Frankie V's Kitchen sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Texas Case No. 19-31717) on May 20, 2019. At the time of the filing, the Debtor estimated assets of between $1 million and $10 million and liabilities of between $10 million and $10 million. The case is assigned to Judge Stacey G. Jernigan. Foley & Lardner LLP is the Debtor's legal counsel. FRESH ALTERNATIVES: Seeks to Hire Shraiberg Landau as Legal Counsel ------------------------------------------------------------------- Fresh Alternatives seeks authority from the U.S. Bankruptcy Court for the Middle District of Florida to employ Shraiberg, Landau & Page, P.A. as its bankruptcy counsel. The firm will provide these services in connection with the Debtor's Chapter 11 case: a. advise the Debtor generally regarding matters of bankruptcy law in connection with the case; b. advise the Debtor of the requirements of the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, applicable bankruptcy rules, including local rules, pertaining to the administration of the case and U.S. Trustee Guidelines related to the daily operation of its business and administration of the estate; c. represent the Debtor in all proceedings before the bankruptcy court; d. prepare and review motions, pleadings and other legal documents; and e. negotiate with creditors, prepare and seek confirmation of a plan of reorganization and related documents, and assist the Debtor in the implementation of the plan. The firm's hourly rates are: Bradley Shraiberg $550 Attorneys $275 to $550 Paralegals $225 Legal Assistants $200 The Debtor provided Shraiberg with an initial retainer in the amount of $7,500. On June 20, 2019, the Debtor provided the firm with additional retainer totaling $40,283, plus $1,717 for the filing fee. Bradley Shraiberg, Esq., a partner at Shraiberg, disclosed in court filings that he and his firm do not represent any interest adverse to the Debtor, the estate and creditors. The firm can be reached through: Bradley S. Shraiberg, Esq. Shraiberg, Landau & Page, P.A. 2385 NW Executive Center Drive Suite 300 Boca Raton, FL 33431 Tel: (561) 443-0800 Fax: (561) 998-0047 Email: bss@slp.law About Fresh Alternatives Fresh Alternatives -- https://www.crispers.com -- operates a restaurant and provides catering services for various events. It conducts business under the name Crispers LLC. Fresh Alternatives filed a voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-05842) on June 20, 2019. In the petition signed by Phil Birkhold, chief operating officer, the Debtor estimated $378,766 in total assets and $5,349,790 in total liabilities. Bradley S. Shraiberg, Esq. at Shraiberg, Landau & Page, P.A. is the Debtor's counsel. GREGORY TE VELDE: Trustee's $160K Sale of Cessna P210 Plane Okayed ------------------------------------------------------------------ Judge Fredrick E. Clement of the U.S. Bankruptcy Court for the Eastern District of California authorized Randy Sugarman, the Chapter 11 Trustee for Gregory John te Velde, to sell the Cessna P210 airplane, Serial No. P21000076, to Arrow Aviation, Inc. for $160,000, all cash, "as is, where is." A hearing on the Motion was held on June 26, 2019 at 1:30 pm. The Trustee is authorized to pay compensation to his broker O'Brien Aviation, Inc. in the amount of 7.5% of the gross sales price plus expenses not to exceed $6,000. About Gregory John te Velde Tipton, California-based Gregory John te Velde filed for Chapter 11 bankruptcy (Bankr. E.D. Cal. Case No. 18-11651) on April 26, 2018. In his Chapter 11 petition, the Debtor estimated both assets and liabilities between $100 million and $500 million. Mr. te Velde does business as GJ te Velde Dairy, Pacific Rim Dairy and Lost Valley Farm. He formerly did business as Willow Creek Dairy. Judge Fredrick E. Clement oversees the bankruptcy case. Mr. te Velde is represented by Riley C. Walter, Esq., who has an office in Fresno, California. HENDRIKUS TON: $315K Sale of Belle Chasse Property to Beckhams OK'd ------------------------------------------------------------------- Judge Elizabeth W. Magner of the U.S. Bankruptcy Court for the Eastern District of Louisiana authorized Hendrikus Edward Ton's sale of the real property located at 9297-9299 Highway 23, Belle Chasse, Louisiana to Launey and Jessica Beckham or their designee for $315,000, in accordance with the terms and conditions in the Purchase Agreement. A hearing on the Motion was held on June 25, 2019. The sale is free and clear of all liens, claims, or interests, with the liens, claims, or interests being referred and attaching to the proceeds of the sale. Upon the closing of the Sale, all liens, claims, or interests are unconditionally released as to the Property, but not from the proceeds of the Sale as provided in the foregoing, and the Clerk of Court for Plaquemines Parish is authorized to cancel all such liens, claims, and interests as to the Property only. The counsel for the Debtor is authorized to receive and retain the net proceeds of the Sale of the Property and such proceeds will be applied first in satisfaction and payment of any unpaid administrative claims owed to the counsel for the Debtor pursuant to the prior orders of the Court entered on Oct. 3, 2018 and March 8, 2019 with any remaining proceeds being held in trust pending entry of a further order of the Court. The Property will be sold, transferred, and delivered to Purchaser on an "as is, where is" basis without warranties as set forth in the Purchase Agreement. The Order will be effective immediately upon entry and no automatic stay or execution pursuant to Rule 62(a) of the Federal Rules of Civil Procedure or Bankruptcy Rule 6004(h) will apply with respect to the Order. A copy of the Agreement attached to the Order is available for free at: http://bankrupt.com/misc/Hendrikus_Ton_248_Order.pdf Hendrikus Edward Ton sought Chapter 11 protection (Bankr. E.D. La. Case No. 18-11101) on April 27, 2018. The Debtor estimated assets in the range of $500,001 to $1 million and $1 million to $10 million in debt. The Debtor tapped Stewart F. Peck, Esq., at Lugenbuhl, Wheaton, Peck, Rankin & Hubbard as counsel. On Oct. 2, 2018, the Court appointed Bonnie Buras and Coldwell Banker TEC Realtors as realtors. HENDRIKUS TON: Beckhams Offer $315K for Belle Chasse Property ------------------------------------------------------------- Hendrikus Edward Ton asks the U.S. Bankruptcy Court for the Eastern District of Louisiana to authorize the sale of the real property located at 9297-9299 Highway 23, Belle Chasse, Louisiana to Launey and Jessica Beckham or their designee for $315,000. On May 25, 2018, the Debtor filed his Schedules of Assets and Liabilities including Schedule A/B which listed the Property as an asset of his estate. The Property is former community property and the Debtor's former spouse, Lynda Ton, has asserted an undivided 50% interest in all former community property. Specifically, the Property was purchased by the Debtor in October 2005 for approximately $265,000. The employment of Bonnie Buras and Coldwell Banker TEC Realtors to list the Property for sale for a period of six months and for payment of a commission of 6% of the sale price. The Debtor and Lynda Ton executed a listing agreement with Bonnie Buras listing the Property for sale for $375,000. Pursuant to the Purchase Agreement and the Amendment to Agreement to Purchase or Sell, on May 22, 2019, the Debtor and Lynda Ton accepted an offer from the Purchasers for the Property in the amount of $315,000. The Purchase Agreement requires the payment of a deposit of $1,000 within 72 hours of notice of acceptance of the offer. The Purchase Agreement is conditioned upon financing and the appraisal of the Property being not less than the proposed sale price. Additionally, it provides for a 12 calendar day inspection and due diligence period which should expire no later than approximately June 4, 2019. Finally, it specifically provides that the proposed sale will be "as is" without warranties, but does provide additional terms and conditions including an environmental review, clear title, and (as previously noted) appraisal. The Property is not necessary to the reorganization efforts of the Debtor and is a burden to the Debtor's estate to the extent the Property does not generate income but property taxes continue to accrue and the Debtor must pay to maintain insurance on the Property. Therefore, the Debtor submits that the requirement of a showing of a sound business justification has been satisfied. The Debtor proposes and asks authority for the net proceeds of the sale of the Property to distributed to and held in trust by counsel for the Debtor and disbursed first in satisfaction and payment of previously authorized but unpaid administrative claims of the counsel for the Debtor and with any remaining portion disbursed only pursuant to the terms of a further order of the Court. The net proceeds of the Sale will be calculated by taking the gross amount of each Sale indicated above and deducting all usual and customary closing costs, the realtor's commission due and payable. Finally, the Debtor asks the Court to waive the 14-day waiting period under Bankruptcy Rule 6004(h). A copy of the Purchase Agreement attached to the Motion is available for free at: http://bankrupt.com/misc/Hendrikus_Ton_236_Sales.pdf Hendrikus Edward Ton sought Chapter 11 protection (Bankr. E.D. La. Case No. 18-11101) on April 27, 2018. The Debtor estimated assets in the range of $500,001 to $1 million and $1 million to $10 million in debt. The Debtor tapped Stewart F. Peck, Esq., at Lugenbuhl, Wheaton, Peck, Rankin & Hubbard as counsel. On Oct. 2, 2018, the Court appointed Bonnie Buras and Coldwell Banker TEC Realtors as realtors. HOSPITAL ACQUISITION: PCO Taps Seelig + Cussigh as Advisor ---------------------------------------------------------- Jerry Seelig, the patient care ombudsman appointed in the Chapter 11 cases of Hospital Acquisition LLC and its affiliates, received approval from the U.S. Bankruptcy Court for the District of Delaware to hire his own firm, Seelig + Cussigh HCO LLC, as his advisor. The firm will provide these services: (a) assist the PCO in assessing patient care; (b) audit the Debtors' efforts at maintaining the privacy of patient confidential information and determine if that information is secure and available when needed; (c) review inventory and records and interview informed parties regarding the availability of and the appropriate use of needed pharmaceuticals, narcotics, medical supplies, devices, and other supplies or materials required for resident care; (d) interview nurses, physical therapists, physicians, and other care givers, as well as employees and key corporate staff responsible for patient care and safety and regulatory compliance; (e) assist the PCO in his efforts to assess key life and safety requirements that must be met to ensure quality patient care; and (f) assist the PCO in completing the required reports and pleadings for the bankruptcy court. The firm's hourly rates are: Jerry Seelig $400 Richard Cussigh $400 Charles Hicks $300 Sean Drake $300 David Hoffman, Esq. $400 Karen Lapcewich $300 Dr. Mary Cadogan $400 Other Nursing Professionals $300 Mr. Seelig disclosed in court filings that his firm is "disinterested" as defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jerry Seelig Seelig + Cussigh HCO LLC 4275 Baldwin Ave. Culver City, CA 90232 Phone: (310) 841-2549 Fax: (310) 841-2842 Email: jerry@thepcos.com About Hospital Acquisition Headquartered in Plano, Texas, and founded in 1992, Hospital Acquisition LLC and its subsidiaries are operators of long-term acute care hospitals. Through their operating subsidiaries, the Debtors provide a full range of clinical services to patients with serious and complicated illnesses or injuries requiring extended hospitalization. They operate a 49-bed behavioral health hospital in Pittsburgh, Pennsylvania as well as three out-patient wound care centers located within its Plano, Texas, Fort Worth, Texas and Dallas Texas hospitals. As of the petition dte, the Debtors operate 17 facilities in nine states. Hospital Acquisition LLC and its subsidiaries, including LifeCare Holdings, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-10998) on May 6, 2019. Hospital Acquisition estimated assets of $100 million to $500 million and liabilities of $100 million to $500 million. The Debtors tapped Akin Gump Strauss Hauer & Feld LLP and Young Conaway Stargatt & Taylor, LLP as counsel; Houlihan Lokey, Inc. as financial advisor; BRG Capital Advisors LLC as investment banker; and Prime Clerk LLC as claims and noticing agent. The Office of the U.S. Trustee appointed a committee of unsecured creditors on May 17, 2019. Greenberg Traurig, LLP is the committee's legal counsel. Jerry Seelig of Seelig + Cussigh HCO LLC was appointed as the patient care ombudsman in the Debtors' cases. Perkins Coie LLP and Morris James LLP represent the PCO as legal counsel. HOSPITAL ACQUISITION: Taps Crowe LLP as Tax Advisor --------------------------------------------------- Hospital Acquisition LLC received approval from the U.S. Bankruptcy Court for the District of Delaware to hire Crowe LLP as its audit and tax advisor. The firm will provide these tax compliance and advisory services to the company and its affiliates: (a) preparation of the Debtors' consolidated federal income tax return, state and local income and franchise tax returns, federal and state fixed asset addition or disposal and depreciation schedules, and review of current and deferred income tax provisions for Complex Care Hospital at Ridgelake and LifeCare Holdings LLC and subsidiaries for the year ended Dec. 31, 2018; (b) reading of relevant factual, financial and other internal documentation of the Debtors; (c) discussions with informed representatives of the Debtors who may have knowledge concerning the transaction; (d) reading of federal tax provisions and guidance including the Internal Revenue Code, Treasury Regulations, Tax Court cases, Revenue Rulings, and other IRS correspondence; and (e) assistance with tax authority notices, examinations, tax implications of debt-related matters and various other tax services which may arise during the course of the Debtors' Chapter 11 cases. Crowe has also agreed to audit and report on the financial statements of certain Debtors. The firm's hourly rates are: Partner/Director $555 - $875 Senior Manager $325 - $635 Manager $240 - $480 Senior Staff $205 - $310 Staff $150 - $280 Melissa Reinbold, a partner at Crowe, disclosed in court filings that the firm is "disinterested" as defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Melissa Reinbold Crowe LLP One Mid America Plaza, Suite 700 P.O. Box 3697 Oak Brook, IL 60522-3697 Tel: +1 630 574 7878 Fax: +1 630 574 1608 About Hospital Acquisition Headquartered in Plano, Texas, and founded in 1992, Hospital Acquisition LLC and its subsidiaries are operators of long-term acute care hospitals. Through their operating subsidiaries, the Debtors provide a full range of clinical services to patients with serious and complicated illnesses or injuries requiring extended hospitalization. They operate a 49-bed behavioral health hospital in Pittsburgh, Pennsylvania as well as three out-patient wound care centers located within its Plano, Texas, Fort Worth, Texas and Dallas Texas hospitals. As of the petition dte, the Debtors operate 17 facilities in nine states. Hospital Acquisition LLC and its subsidiaries, including LifeCare Holdings, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-10998) on May 6, 2019. Hospital Acquisition estimated assets of $100 million to $500 million and liabilities of $100 million to $500 million. The Debtors tapped Akin Gump Strauss Hauer & Feld LLP and Young Conaway Stargatt & Taylor, LLP as counsel; Houlihan Lokey, Inc. as financial advisor; BRG Capital Advisors LLC as investment banker; and Prime Clerk LLC as claims and noticing agent. The Office of the U.S. Trustee appointed a committee of unsecured creditors on May 17, 2019. Greenberg Traurig, LLP is the committee's legal counsel. Jerry Seelig of Seelig + Cussigh HCO LLC was appointed as the patient care ombudsman in the Debtors' cases. Perkins Coie LLP and Morris James LLP represent the PCO as legal counsel. IFRESH INC: Receives Noncompliance Notice from Nasdaq ----------------------------------------------------- iFresh, Inc. received on July 2, 2019, a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC stating that the Company is no longer in compliance with Nasdaq Listing Rule. Nasdaq 5550(b)(3) requires listed companies to maintain net income of $500,000 from continuing operations in the most recently completed fiscal year, or in two of the three most recently completed fiscal years. The Company's Form 10-K for the period ended March 31, 2019 reported net loss from continuing operations of $12,003,443, below the net income requirement set forth in Nasdaq Listing Rule 5635(d)(3). Further, as of July 1, 2019, the Company did not meet the alternative compliance standards under Nasdaq Listing Rule 5550(b) of (i) market value of listed securities of at least $35 million, or (ii) stockholders' equity of at least $2.5 million. The notification received has no immediate effect on the listing of the Company's common stock on Nasdaq. Under the Nasdaq Listing Rules, the Company has until Aug. 16, 2019 to submit a plan to regain compliance. If the Compliance Plan is accepted, Nasdaq can grant an extension of up to 180 calendar days from the date of the Notification. If Nasdaq does not accept the Company's plan, the Company will have the right to appeal such decision to a Nasdaq hearings panel. The Company intends to submit to Nasdaq, within the requisite period, a plan to regain compliance. There can be no assurance that Nasdaq will accept the Company's plan or that the Company will be able to regain compliance with the applicable listing requirements. About iFresh, Inc. iFresh Inc., headquartered in Long Island City, New York -- http://www.ifreshmarket.com-- is an Asian American grocery supermarket chain and online grocer. iFresh currently has 10 retail supermarkets across New York, Massachusetts and Florida. In addition to retail supermarkets, iFresh operates two in-house wholesale businesses, Strong America Inc. and New York Mart Group, that offer more than 6,000 wholesale products and service to iFresh retail supermarkets and over 1,000 external customers including wholesale stores, retail supermarkets, and restaurants. iFresh Inc. reported a net loss of $12 million for the year ended March 31, 2019, compared to a net loss of $791,293 for the year ended March 31, 2018. As of March 31, 2019, iFresh had $47.10 million in total assets, $48.13 million in total liabilities, and a total shareholders' deficiency of $1.03 million. Friedman LLP, in New York, the Company's auditor since 2016, issued a "going concern" qualification in its report dated June 28, 2019, citing that the Company incurred operating losses and did not meet the financial covenant required in its credit agreement. These conditions raise substantial doubt about the Company's ability to continue as a going concern. IFS FILING SYSTEMS: Seeks to Hire Hodgson Russ as Counsel --------------------------------------------------------- IFS Filing Systems, LLC, seeks authority from the U.S. Bankruptcy Court for the Western District of New York to employ Hodgson Russ LLP, as counsel to the Debtor. IFS Filing Systems requires Hodgson Russ to represent and provide legal services to the Debtor in the Chapter 11 Bankruptcy Proceedings. Hodgson Russ will be paid at these hourly rates: Attorneys $235 to $725 Paraprofessionals $135 to $325 Hodgson Russ will also be reimbursed for reasonable out-of-pocket expenses incurred. James C. Thoman, a partner at Hodgson Russ LLP, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Hodgson Russ can be reached at: James C. Thoman, Esq. HODGSON RUSS LLP 140 Pearl Street, Suite 100 Buffalo, NY 14202 Tel: (716) 856-4000 About IFS Filing Systems IFS Filing Systems LLC -- http://ifsfiling.com/-- is a manufacturer of paper products including folders, labels, indexes, printed products and file pockets. IFS Filing Systems filed a voluntary Chapter 11 petition (Bankr. W.D.N.Y. Case No. 19-10412) on March 7, 2019. In the petition signed by Jeffrey P. Markello, Esq., administrator of the estate of Aida Corey - IFS Member, the Debtor estimated $1 million to $10 million in assets and $10 million to $50 million in liabilities. Lippes Mathias Wexler Friedman, LLP, led by John A. Mueller; and Hodgson Russ LLP are serving as counsel to the Debtor. INPIXON: Iliad Research Swaps $178,500 Note for Equity ------------------------------------------------------ Inpixon and Iliad Research and Trading, L.P., a holder of that certain outstanding promissory note issued on Oct. 12, 2018, with an outstanding balance of $724,045 as of July 5, 2019, entered into an exchange agreement, pursuant to which the Company and the Note Holder agreed to (i) partition a new promissory note in the form of the Original Note in the original principal amount equal to $178,500 and then cause the outstanding balance to be reduced by $178,500; and (ii) exchange the partitioned note for the delivery of 350,000 shares of the Company's common stock, par value $0.001 per share, at an effective price per share equal to $0.51. The shares of Common Stock will be delivered to the Note Holder on or before July 8, 2019 and the exchange will occur with the Note Holder surrendering the partitioned note to the Company on the date when the shares of Common Stock are approved and held by the Note Holder's brokerage firm for public resale. As of July 5, 2019, the Company has issued and outstanding (i) 13,141,429 shares of Common Stock, which includes the issuance of the shares of Common Stock pursuant to the exchange agreement, (ii) 1 share of Series 4 Convertible Preferred Stock which is convertible into 202 shares of Common Stock, (iii) 126 shares of Series 5 Convertible Preferred Stock which are convertible into approximately 37,838 shares of Common Stock (subject to rounding for fractional shares), and (iv) warrants to purchase up to 112,800 shares of Common Stock issued on Jan. 15, 2019 in connection with the Company's rights offering, exercisable at $3.33 per share. About Inpixon Headquartered in Palo Alto, California, Inpixon is a technology company that helps to secure, digitize and optimize any premises with Indoor Positioning Analytics (IPA) for businesses and governments in the connected world. Inpixon Indoor Positioning Analytics is based on new sensor technology that finds all accessible cellular, Wi-Fi, Bluetooth and RFID signals anonymously. Paired with a high-performance, data analytics platform, this technology delivers visibility, security and business intelligence on any commercial or government premises worldwide. Inpixon's products, infrastructure solutions and professional services group help customers take advantage of mobile, big data, analytics and the Internet of Things (IoT). Inpixon reported a net loss of $24.56 million for the year ended Dec. 31, 2018, compared to a net loss of $35.03 million for the year ended Dec. 31, 2017. As of March 31, 2019, Inpixon had $20.12 million in total assets, $7.21 million in total liabilities, and $12.90 million in total stockholders' equity. Marcum LLP, in New York, the Company's auditor since 2012, issued a "going concern" qualification in its report dated March 28, 2019, on the Company's consolidated financial statements for the year ended Dec. 31, 2018, 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. INSYS THERAPEUTICS: Taps Wilson Sonsini as SLC's Special Counsel ---------------------------------------------------------------- Insys Therapeutics, Inc., seeks approval from the U.S. Bankruptcy Court for the District of Delaware to hire Wilson, Sonsini, Goodrich & Rosati, P.C. The firm will serve as special litigation counsel to the special litigation committee of Insys' Board of Directors. It will assist the committee in connection with its investigation of claims pending in the Delaware Court of Chancery against former officers and directors of the company. Wilson's standard hourly rates range from $930 to $1,290 for partners, $690 to $840 for attorneys and associates, and $265 to $500 for paralegals. The firm has agreed to a 10% discount on its hourly rates. The attorneys and paraprofessionals who will be providing the services are: William Chandler Partner $1,290 Katherine Henderson Partner $980 Bradley Sorrels Partner $930 Lori Will Of Counsel $840 Andrew Berni Associate $690 Daniyal Iqbal Associate $690 Toni Wormald Law Clerk $500 Anthony DeNatale Paralegal $410 Tabitha Williams-Davis Paralegal $265 Wilson received an advance payment retainer in the amount of $500,000. For the one-year period prior to the petition date, the firm received payments totaling $3,240,373.02. Bradley Sorrels, Esq., a partner at Wilson, disclosed in court filings that the firm does not represent and will not represent any entity other than Insys and its affiliates in matters related to their Chapter 11 cases. In accordance with Appendix B-Guidelines for reviewing fee applications filed by attorneys in larger Chapter 11 cases, Mr. Sorrels disclosed that his firm has not agreed to a variation of its standard or customary billing arrangements for its employment with the Debtors (other than the 10% discount on its standard hourly rates), and that no professional at his firm has varied his rate based on the geographic location of the Debtors' bankruptcy cases. The attorney also disclosed that Wilson represented the special litigation committee for approximately 15 months prior to the petition date. The billing rates and material financial terms in connection with such representation have not changed post-petition other than due to annual and customary firmwide adjustments to the firm's hourly rates in the ordinary course of its business, according to Mr. Sorrels. Mr. Sorrels also disclosed that the firm will consult with the special litigation counsel and agree upon an approved budget and staffing plan. Wilson can be reached through: Bradley D. Sorrels, Esq. Wilson, Sonsini, Goodrich & Rosati, P.C. 222 Delaware Avenue, Suite 800 Wilmington, DE 19801 Phone: 302-304-7609 Email: bsorrels@wsgr.com About Insys Therapeutics Headquartered in Chandler, Ariz., Insys Therapeutics, Inc. -- http://www.insysrx.com/-- is a specialty pharmaceutical company that develops and commercializes innovative drugs and novel drug delivery systems of therapeutic molecules that improve patients' quality of life. Using proprietary spray technology and capabilities to develop pharmaceutical cannabinoids, Insys is developing a pipeline of products intended to address unmet medical needs and the clinical shortcomings of existing commercial products. Insys is committed to developing medications for potentially treating anaphylaxis, epilepsy, Prader-Willi syndrome, opioid addiction and overdose, and other disease areas with a significant unmet need. As of March 31, 2019, Insys had $172.6 million in total assets, $336.3 million in total liabilities, and a total stockholders' deficit of $163.7 million. On June 10, 2019, Insys Therapeutics and six affiliated companies filed petitions seeking relief under Chapter 11 of the Bankruptcy Code (D. Del. Lead Case No. 19-11292). Insys intends to conduct the asset sales in accordance with Section 363 of the U.S. Bankruptcy Code. The Debtors' cases are been assigned to Judge Kevin Gross. The Debtors tapped Weil, Gotshal & Manges LLP and Richards, Layton & Finger, P.A. as legal counsel; Lazard Freres & Co. LLC as investment banker; FTI Consulting, Inc. as financial advisor; and Epiq Corporate Restructuring, LLC as claims agent. Andrew Vara, acting U.S. trustee for Region 3, appointed a committee of unsecured creditors on June 20, 2019. The Committee's proposed counsel is Akin Gump Strauss Hauer & Feld LLP, and Bayard, P.A. IPC CORP: S&P Downgrades ICR to 'CC' on Proposed Debt Repurchase ---------------------------------------------------------------- S&P Global Ratings lowered its issuer credit rating on Global trading communication systems, compliance solutions, and network services provider IPC Corp. to 'CC' from 'CCC+'. S&P also lowered its issue-level rating on IPC's second-lien debt to 'CC' from 'CCC'. S&P placed the issuer credit rating and second-lien issue-level ratings on IPC Corp. on CreditWatch with negative implications. The first-lien issue-level rating is unchanged because it is not subject to the distressed offer. The CreditWatch listing follows IPC's announcement to seek concessions from both its first- and second-lien lenders to amend and extend its first-lien credit facility and implement a new first-lien last-lien out (FLLO) facility or a 1.5-lien facility that would fund the repurchase of the existing second-lien lenders indebtedness at par or at a discount to par depending on participation. Although S&P views the amend and extend of the first-lien credit facility as opportunistic given that the originally promised amount remains intact, the second-lien transaction is less certain. If more than $85 million of second-lien term loan lenders participate in the transaction, those lenders would receive less than the original par amount, which would result in us assessing the repurchase as distressed. The CreditWatch placement reflects uncertainty as to whether second-lien lenders would be paid at par or at a discount. S&P plans to address the CreditWatch listing at transaction close, which is scheduled to take place on July 17, 2019. S&P said, "In the event that second-lien lenders receive less than par, we would lower the issuer credit rating to 'SD' and the issue-level rating on the second-lien facility to 'D'. Immediately thereafter, we would raise the issuer credit rating to a level that will reflect the ongoing risk of a conventional default or future distressed restructurings." IRMA PEREZ: Savas Buying Dorado Property for $1.6 Million --------------------------------------------------------- Irma Ivette Martinez Perez asks the U.S. Bankruptcy Court for the District of Puerto Rico to authorize the private sale of (i) the real property located at 303 Dorado Beach East, Dorado, Puerto Rico, and (ii) a 20K Caterpillar Electric Generator to Mr. Nikkos Savas for $1.576 million, free and clear of all liens and encumbrances. Per the schedules filed in the case, the Debtor is the co-owner of the real property, valued at $1.55 million. She is also the co-owner of a 20K Caterpillar Electric Generator valued at $6,000. The Debtor has received a private offer from Mr. Savas through the services of the appointed real estate broker Luxury Estates PR. Mr. Savas' address is PMB 329, Dorado, Puerto Rico. The amount offered is of $1.576 million, for the real estate and the electric generator, which amount is, in the opinion of the Debtor, the co-owner and the realtor, reasonable under the circumstances of the case because prior efforts have failed to produce any better offer, the property is wholly encumbered and only through the Debtor's efforts to obtain agreements with secured creditors the sale will produce sufficient funds to make substantial payments to other creditors who would otherwise be only entitled to unsecured claims. The Debtor does not believe that she could achieve more favorable terms for the sale of the Property. She has concluded that the sale is fair and reasonable and in the best interest of her estate and creditors. The parties entered into the Sales Agreement. The interest of the co-owner of the property, Mr. Carlos Santos Serrano, will also be sold with his consent. Lime Residential, LLC (formerly SPS Portfolio) has a duly perfected security interest in the real property of the Debtor that exceeds the total value of the sale. The Debtor is aware that there are other parties that have security interests in the property. Her negotiations with Lime Residential have lead debtor to believe that it will accept not less than $1.050 million. Were it not for this, the remaining creditors who claim to have a security interest would be able to receive no distribution at all. Exhibit IV reflects the balances owed in relation to creditors who claim a security interest that have filed no claims. The amount of Fees and Expenses attributable to debtor and the co-owner in relation to the sale and cancellation of mortgages totals $22,219 as detailed in Exhibit V, which includes invoices for the deeds and instances required. he Applications for employment of Notary Publics are pending approval from the court. The amount of the Real Estate Brokers' commission totals $49,171. An application for the employment of the Realtor was filed at docket 47 and is pending approval by the court. Exhibit VII contains the title study that reflects, not only the registered liens, but also the Deed claiming the property as homestead of the Debtor. The Debtor is proposing the following use for the proceeds from the sale: Creditor Amount Owed Amount to be Paid -------- ----------- ----------------- Lime Resiedential, LLC $1,349,198 $1,050,000 (1st Mortgage) Lime Resiedential, LLC $493,931 $0 (2nd Mortgage) Banco Popular (Claim 5) $46,764 $40,000 Municipal Revenue Collection $13,180 $13,180 Unit (CRIM) Department of the Treasury $10,111 $10,111 (Claim 9) Priority Taxes (Claim 9) $89,147 $89,147 Other Taxes Lien (Claim 9) $696,521 $135,853 Dorado Beach East (Claim 1) $87,946 $45,000 Notarial Expenses - Deeds of $22,218 $22,218 Sale and Cancellation of Liens Real Estate Broker's $49,171 $49,171 Commission Exhibit Homestead - Debtor $121,319 $121,319 ---------- Totals $1,576,000 The Debtor is also asking, if the sale is approved, authorization to pay Notary's fees and expenses as detailed, as well as the Real Estate Broker's Commissions, upon closing. The Debtor has determined that the private sale of the Property is in the best interest of her estate and creditors. A public auction would cause delay, require the Debtor's estate to incur substantial additional costs, the Debtor does not believe an auction would result in additional value sufficient to justify the incurrence of such costs. Moreover, she has conducted an extensive marketing process. Additional delay would only result in the loss of the opportunity to sell the property at this price. Accordingly, she submits that the private sale of the Property is appropriate under the circumstances. A copy of the Agreement attached to the Motion is available for free at: http://bankrupt.com/misc/IRMA_PEREZ_48_Sales.pdf Irma Ivette Martinez Perez sought Chapter 11 protection (Bankr. D.P.R. Case No. 19-00414) on Jan. 30, 2019. The Debtor tapped Teresa M. Lube Capo, Esq., atLube & Soto Law Offices PSC as counsel. JAGUAR HEALTH: Extends Notes Maturity to July 31 ------------------------------------------------ Jaguar Health, Inc. said it began entering into amendment agreements with holders of its promissory notes to amend the Notes to extend their maturity date from July 18, 2019 to July 31, 2019. All other terms of the Notes remain unchanged. The Notes were issued beginning on March 18, 2019, and to date, the Company has issued approximately $5.05 million aggregate principal amount of Notes. About Jaguar Health Jaguar Health, Inc. -- http://www.jaguar.health-- is a commercial stage pharmaceuticals company focused on developing novel, sustainably derived gastrointestinal products on a global basis. Its wholly-owned subsidiary, Napo Pharmaceuticals, Inc., focuses on developing and commercializing proprietary human gastrointestinal pharmaceuticals for the global marketplace from plants used traditionally in rainforest areas. Jaguar Health's principal executive offices are located in San Francisco, California. Jaguar Health reported a net loss of $32.14 million for the year ended Dec. 31, 2018, compared to a net loss of $21.96 million for the year ended Dec. 31, 2017. As of March 31, 2019, Jaguar Health had $40.66 million in total assets, $24.86 million in total liabilities, $9 million in series A convertible preferred stock, and $6.79 million in total stockholders' equity. BDO USA, LLP, in San Francisco, California, the Company's auditor since 2013, issued a "going concern" opinion in its report dated April 10, 2019, on the Company's consolidated financial statements for the year ended Dec. 31, 2018, citing that the Company has suffered recurring losses from operations and an accumulated deficit that raise substantial doubt about its ability to continue as a going concern. JAMES BORDE: McCoy Trust Buying 349-Acre Columbia Land for $2.5M ---------------------------------------------------------------- James A. Borde asks the U.S. Bankruptcy Court for the Western District of Wisconsin to authorize the sale of approximately 348.72 acres of farm and wooded land in Columbia County, Wisconsin to McCoy Trust dated May 25, 2016 for $2.5 million. Objections, if any, must be filed within 21 days from the date of the Notice. The case is subject to a pending Motion for Joint Administration. The Debtors are Busy Bs, LLC (original Case No. 19-10706), James A. Borde (original Case No. 19-10709), and R. Borde (original Case No. 19-11557). The petitions for relief for Busy Bs and James A. Borde were filed in the Court on March 15, 2019, and the petition for relief for Donald R. Borde was filed in the Court on May 9, 2019. The Debtor's Chapter 11 Disclosure Statement and Plan is due on July 15, 2019, however, under the pending Motion for Joint Administration, the Debtor is asking authority from the Court to extend the deadline to Sept. 6, 2019, the deadline set forth in the Chapter 11 case of Donald R. Borde, so that such Disclosure Statement and Chapter 11 Plan may be joint as amongst the Debtors. The Debtor has an interest in the Property. He has a one-half ownership interest in the Property. His brother, Donald R. Borde, holds the remaining one-half ownership interest in the Property. A duplicate Motion to Sell Property of the Estate, Free and Clear of Liens, With Liens Attaching to the Proceeds, Pursuant to 11 U.S.C. Section 363 will be filed in the Chapter 11 case of Donald R. Borde as the brothers intend to convey their entire interests in the Property upon approval by the Court. The Debtor has received an offer from McCoy Trust dated May 25, 2016 to purchase the Property for $2.5 Million. The Property is subject to the following liens and encumbrances of record: a. First Mortgage: Farmers and Merchants Union Bank holds a First Mortgage on the Property in an amount exceeding the proposed sale price. b. Judgment liens: There are various judgment liens recorded against the Property, however, the sale proceeds will be insufficient to satisfy the First Mortgage balance due Farmers and Merchants Union Bank and, as such, lienholders will not receive any sum as a result of the proposed sale. The Debtor believes the purchase price is reasonable. The Property was appraised at approximately the offered purchase price by Gerald Huth and Auction Specialists. On Nov. 5, 2018, Phil Majerus (Auction Specialists), a licensed real estate auctioneer, provided the Debtor with a written report of value wherein he estimated the actual gross auction value of the Property to be $2.25 Million. Gerald Huth testified at the hearing on the Motion for Relief from Stay filed by the Bank that the sale price was approximately the value of the property. The closing on the sale of the Property will take place on or before July 8, 2019. The closing date may be extended by written agreement of the parties in the event additional time is required to complete all requirements necessary to accomplish the sale. The sale will be free and clear of liens, with liens to attach to the proceeds of sale. The mortgage balance to Farmers and Merchants Union Bank will be paid to the extent of the proceeds after all other normal costs of sale are paid from the proceeds. As noted, judgment liens recorded against the Property will not be paid as no proceeds will remain after payment against the mortgage balance. No broker was employed in the sale of the Property. There is no financing contingency. Based on the Debtor's knowledge of the Property and its potential market, the offer appears to be reasonable, and should be accepted and approved. For the reasons stated, the Debtor believes that the sale is in the best interests of the estate. A copy of the Offer to Purchase attached to the Motion is available for free at: http://bankrupt.com/misc/James_Borde_81_Sales.pdf James A. Borde sought Chapter 11 protection (Bankr. W.D. Wis. Case No. 19-10709) on March 15, 2019. The Debtor tapped Paul G. Swanson, Esq., as counsel. JERRY BRYANT: Allowed to Use First Southwestern Cash Collateral --------------------------------------------------------------- The Hon. Donald R. Cassling of the U.S. Bankruptcy Court for the Northern District of Illinois inked his approval to an Amended Stipulation and Interim Order authorizing Jerry Bryant TV, Inc. to use the cash collateral of First Southwestern Financial Service, Inc. through and including July 29. The Court will hold a further hearing on Debtor's use of cash collateral on July 23 at 10:30 a.m. The Debtor may use cash collateral to pay the parties identified in its seven-week rolling budget. The Debtor is required to update the budget on a bi-weekly basis and promptly provide copies of the updated budget to First Southwestern. The Debtor had a loan with First Southwestern with a remaining balance of approximately $277,638, which is secured by blanket security agreements and uniform commercial code financing statements. As adequate protection for the use of cash collateral, the Debtor is directed to give to First Southwestern the following: (i) If at the end of any calendar month the sum available in the Debtor's bank account with Chase Bank exceeds two times the projected revenue for the prior month, the Debtor will pay the excess over the projected revenue to First Southwestern to be applied to the balance due to First Southwestern; (ii) A perfected security interest in Debtor's post-petition assets and proceeds thereof to the same extent and with the same priority as First Southwestern holds in Debtor's prepetition assets; (iii) Bi-monthly accountings setting forth the actual cash receipts and disbursements made by the Debtor under the Amended Second Stipulation and Interim Order; and (iv) A continued lien against and security interest in the Debtor's prepetition assets and proceeds thereof to the extent and with the same priority that First Southwestern held prepetition. However, the liens and security interests held by and granted to First Southwestern will continue to be subordinate to (a) fees assessed pursuant to the provisions of 28 USC Section 1930 and (b) fees and expenses for the Debtor's counsel to the extent of $5,000 without regard to any retainers paid by the Debtor to its counsel prior to commencement of the case. In addition, First Southwestern will have the right to inspect the collateral and inspect the books and records of the Debtor during regular business hours and upon prior reasonable notice to Debtor and its attorneys. The Debtor is also directed to insure First Southwestern's collateral for the full replacement value thereof with insurance companies acceptable to First Southwestern, and with First Southwestern included as an additional loss payee under any such policies. About Jerry Bryant TV Based in Chicago, Illinois, Jerry Bryant TV, Inc. -- https://www.jbtvmusic.com/ -- owns and operates a music television program dedicated to introducing the world to new artists. JBTV Music Television allows viewers to watch live performances online and on Broadcast TV. It posts its performances to YouTube for music fans all over the globe to enjoy, all for free. Jerry Bryant TV, Inc., filed a voluntary Chapter 11 petition (Bankr. N.D. Ill. Case No. 19-08202) on March 22, 2019. In the petition signed by Gerald Bryant, president, the Debtor estimated assets of $1 million to $10 million and liabilities of $100,000 to $500,000. The case is assigned to Judge Donald R. Cassling. The Debtor's counsel is Michael C. Moody, Esq., and Dean C. Gramlich, Esq., at O'Rourke & Moody, LLP, in Chicago, Illinois. JRND LLC: Kapitus Prohibits Continued Cash Collateral Use --------------------------------------------------------- Kapitus formerly known as Colonial Funding Network, Inc. (service provider for Invision Funding, LLC) asks the U.S. Bankruptcy Court for the Middle District Of Florida to prohibit JRND LLC from continued use of its cash collateral to the extent the Debtor has failed to provide Kapitus with adequate protection. Kapitus has a valid and properly perfected security interest in substantially all of the Debtor's assets pursuant to that certain Future Receivables Factoring Agreement. Accordingly, Kapitus bears the risk of loss with respect to the Debtor's use of Cash Collateral and with respect to the diminution of the value of the Debtor's other property. Despite a valid security agreement, Kapitus' claim is listed on Debtor's Schedules as an unsecured claim in the amount of $97,480. The Debtor does not list any secured creditors on its schedules, and therefore Debtor represents that there are no creditors that have interests in the same property which serves as Kapitus' Collateral. The Debtor has not sought the Court's permission to use the Purchased Receivables or Kapitus' Cash Collateral. The Debtor has not filed or provided a budget. It has only filed one monthly operating report (for the month of February), and the operating reports for March and April are past due. Additionally, the May operating report is due on June 20, 2019. While Debtor's statements make it difficult to ascertain what Debtor's true assets are, it is apparent that Kapitus' Collateral is deteriorating. Accordingly, Kapitus objects to the Debtor's use of cash, whether derived from Purchased Receivables, deposit accounts, or otherwise because no adequate protection has been offered to protect Kapitus' interests therein. Kapitus requests adequate protection for the use of its Cash Collateral and a perfected post-petition lien against the cash collateral to the extent and with the same validity and priority as the prepetition lien. Additionally, Kapitus requires non-monetary adequate protection measures to ensure the security of, and Kapitus’ rights in, its collateral. In the alternative, should the Court allow the Debtor's use of the Purchased Receivables, the Court should order that the Debtor provide Kapitus with sufficient protections and assurances. Specifically, the Court should require that: (a) The Debtor must maintain its cash collateral in the same level that existed prepetition and not allow cash collateral to diminish. (b) The Debtor must operate strictly in accordance with a budget and spend cash collateral not to exceed 5% above the amount shown in the budget. The Debtor should provide Kapitus with monthly reports which reflect its actual receipts and expenditures for the prior month. (c) The Debtor must make monthly adequate protection payments to Kapitus in an amount sufficient to protect Kapitus' interest during the time Debtor is permitted to use Kapitus' Cash Collateral. (d) The Debtor must provide Kapitus with a valid, perfected lien upon, and security interest in, to the extent and in the order of priority of any valid lien pre-petition, all cash or other proceeds generated postpetition by Debtor's pre-petition property, and by the use of Kapitus' Collateral, and without the need to file or execute any document as may otherwise be required under applicable non-bankruptcy law. Kapitus must also be entitled to an administrative expense claim pursuant to 11 U.S.C. section 507(b) to the extent the above adequate protection proves insufficient and/or does not offset any diminution of value in the Cash Collateral. (e) The Debtor must maintain insurance coverage for the Purchased Receivables and all other Collateral securing Kapitus' interests and name Kapitus as loss payee and certificate holder to such policy. The Debtor must provide proof of insurance upon request. (f) The Debtor must grant Kapitus access to Debtor's business records and premises for inspection. (g) Debtor must timely perform all obligations of a debtor-in-possession required by the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure and orders of this Court. (h) The Debtor must immediately cease using Kapitus' property upon the occurrence of one of the following events: (i) if a trustee is appointed in this Chapter 11 case; (ii) if the Debtor breaches any term or condition of an order on this Motion or the Agreement, other than defaults existing as of the Petition Date; (iii) If the case is converted to a case under Chapter 7 of the Bankruptcy Code; or (iv) If the case is dismissed. (i) The Debtor must promptly provide to Kapitus such additional or other financial information as Kapitus may from time to time reasonably request. (j) The Debtor must waive any claim under 11 U.S.C. section 506 and Kapitus must not be subject to the equitable doctrine of marshalling. About JRND LLC JRND LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-00774) on Feb. 4, 2019. At the time of the filing, the Debtor estimated assets of less than $50,000 and liabilities of less than $1 million. The case is assigned to Judge Cynthia C. Jackson. Ainsworth and Branson Law, PLLC, is the Debtor's legal counsel. No official committee of unsecured creditors has been appointed in the Chapter 11 case. JTJ RESTAURANTS: Affiliate Taps Auction America as Auctioneer ------------------------------------------------------------- Byrd Restaurants-Royal Palm, Inc., an affiliate of JTJ Restaurants Inc., received approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Auction America, Inc. as auctioneer. The Debtor tapped the firm to sell its assets including its furniture, fixtures and equipment through online auction. Compensation of Auction America will be based on a 10% buyer's premium. The maximum amount of costs and expenses to be reimbursed to the firm is $1,000. Stan Crooks, an officer of Auction America, disclosed in court filings that he and his firm do not have any connection with the Debtor or its bankruptcy estate. The firm can be reached through: Stan L. Crooks Auction America, Inc. 1696 Old Okeechobee Road, #1G West Palm Beach, FL 33409 About JTJ Restaurants and Byrd Restaurants-Royal Palm JTJ Restaurants, Inc., and Byrd Restaurants-Royal Palm, Inc., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 19-12990) on March 6, 2019. In the petitions signed by Jerome Byrd, president, JTJ Restaurants each estimated up to $50,000 in assets and $1 million to $10 million in liabilities. The Debtors are represented by Brian K. McMahon, P.A., as counsel. KEMPLON MARINE: Aug. 8 Plan Confirmation Hearing ------------------------------------------------ The Disclosure Statement of Kemplon Marine Inc., dba Kemplon Engineering, is conditionally approved. The Court will conduct a hearing on confirmation of the Plan on August 8, 2019 at 11:00 AM in Ft. Myers, FL − Room 4−102, Courtroom E, United States Courthouse, 2110 First Street. Objections to confirmation shall be filed with the Court and served no later than seven (7) days before the date of the Confirmation Hearing. The Plan Proponent shall file a ballot tabulation no later than 96 hours prior to the time set for the Confirmation Hearing. About Kemplon Marine Kemplon Marine, Inc., filed a Chapter 11 bankruptcy petition (Bankr. S.D. Fla. Case No. 19-00989) on Feb. 5, 2019, with estimated assets of $50,001 to $100,000 and estimated liabilities of $100,001 to $500,000. The case has been assigned to Judge Caryl E. Delano. The Debtor tapped Michael R. Dal Lago, Esq., at Dal Lago Law as its legal counsel. LAKEWAY PUBLISHERS: Hires Burnette Dobson as Special Counsel ------------------------------------------------------------ Lakeway Publishers, Inc., seeks authority from the U.S. Bankruptcy Court for the Eastern District of Tennessee to employ Burnette Dobson & Pinchak, as special counsel to the Debtor. Lakeway Publishers requires Burnette Dobson to represent the estate with respect to prosecuting an employment contract violation with a former employee, Josh Peterson. Burnette Dobson will be paid based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Frank Pinchak, partner of Burnette Dobson & Pinchak, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Burnette Dobson can be reached at: Frank Pinchak, Esq. BURNETTE DOBSON & PINCHAK 711 Cherry Street Chattanooga, TN 37402 Tel: fpinchak@bdplawfirm.com About Lakeway Publishers Lakeway Publishers, Inc., is a multi-state publisher of newspapers, magazines and special publications. Lakeway owns and operates community newspapers and magazines in Tennessee, Missouri, Virginia, and Florida. Lakeway Publishers was incorporated in 1966 and is based in Morristown, Tenn. Lakeway Publishers, Inc., and affiliate Lakeway Publishers of Missouri, Inc. each filed a voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tenn. Lead Case No. 19-51163) on May 31, 2019. In the petitions signed by Jack R. Fishman, president, Lakeway Publishers, Inc., disclosed $20,884,027 in assets and $9,245,645 in liabilities while Lakeway Publishers of Missouri listed $7,047,972 in assets and $9,206,193 in liabilities. The Debtors tapped Quist, Fitzpatrick & Jarrard, PLLC, led by Ryan E. Jarrard, as bankruptcy counsel; and Burnette Dobson & Pinchak, as special counsel. LASALLE GROUP: Hires Haynes and Boone as Special Counsel -------------------------------------------------------- The Lasalle Group, Inc., and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the Northern District of Texas to employ Haynes and Boone, LLP, as special counsel to the Debtors. The Debtors directly and indirectly owns interests in 40 Memory Care Facilities. Of these, 4 of the Memory Care Facilities, located in the greater Houston area, are leased from affiliates of Healthcare Trust, Inc., as successor to ARC Healthcare. Lasalle Group requires Haynes and Boone to represent the Debtors in connection with the negotiation and documentation of an agreement for the transfer of the operations, including potentially through the appointment of a receiver, at the ARC Facilities to a new operator. Haynes and Boone will be paid at the hourly rates of $590-$620. In the year preceding the bankruptcy filing, the Debtor paid Haynes and Boone a total of $240,813.47 for fees and expenses for legal services rendered. As of the Petition Date, Hayes and Boone was owed approximately $157,257.86 for work performed for the Debtor or expenses incurred therewith prior to the Petition Date. Haynes and Boone will also be reimbursed for reasonable out-of-pocket expenses incurred. Matthew Ferris, partner of Haynes and Boone, LLP, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their estates. Haynes and Boone can be reached at: Matthew T. Ferris, Esq. HAYNES AND BOONE, LLP 2323 Victory Avenue, Suite 700 Dallas, TX 75219 2323 Victory Avenue, Suite 700 Dallas, TX 75219-7672 Tel: (214) 651-5000 Fax: (214) 651-5940 About The Lasalle Group The LaSalle Group, Inc., along with certain of its subsidiaries, designs, develops, builds, and owns interests in memory care assisted living communities designed specifically for people with Alzheimer's and other forms of dementia. The communities operate under the name Autumn Leaves. LaSalle is a holding company for numerous wholly owned, non debtor subsidiaries and affiliates. It directly and indirectly owns interests in 40 memory care assisted living communities located in Texas, Illinois, Georgia, Florida, Kansas, Missouri, Oklahoma, South Carolina, and Wisconsin. LaSalle and its subsidiaries sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 19-31484) on May 2, 2019. At the time of the filing, the Debtors estimated assets of between $10 million and $50 million and liabilities of the same range. The cases are assigned to Judge Stacey G. Jernigan. The Debtors tapped Crowe & Dunlevy, P.C., as their legal counsel, and Donlin, Recano & Company, Inc., as their claims and noticing agent. Haynes and Boone, LLP, is special counsel. LOGISTICS BUDDY: Case Summary & 13 Unsecured Creditors ------------------------------------------------------ Debtor: Logistics Buddy Transportation, LLC 2200 E. Rice Street Sioux Falls, SD 57103 Business Description: Logistics Buddy Transportation LLC is a cargo and freight company based in Sioux Falls, South Dakota. Chapter 11 Petition Date: July 5, 2019 Court: United States Bankruptcy Court District of South Dakota (Southern (Sioux Falls)) Case No.: 19-40294 Judge: Hon. Charles L. Nail, Jr. Debtor's Counsel: Clair R. Gerry, Esq. GERRY & KULM ASK, PROF. LLC P.O. Box 966 Sioux Falls, SD 57101-0966 Tel: (605) 336-6400 E-mail: gerry@sgsllc.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Matthew Kleinsasser, president/owner. A copy of the Debtor's list of 13 unsecured creditors is available for free at: http://bankrupt.com/misc/sdb19-40294_creditors.pdf A full-text copy of the petition is available for free at: http://bankrupt.com/misc/sdb19-40294.pdf LYNWOOD HOLDINGS: Unsecureds to Get Unknown Recovery Under Plan --------------------------------------------------------------- Lynwood Holdings Inc., et al., filed a Chapter 11 Plan and accompanying Disclosure Statement. Class 7 General Unsecured Claims is impaired. Each Holder not otherwise treated in another Class, shall receive its pro-rata share of the Distribution Amount from Lynwood Virginia on each Distribution Date, commencing after complete satisfaction of all Allowed Claims in other Classes, Allowed Fee Claims and/or Allowed Administrative Claims until (a) such Allowed Unsecured Claims have been paid in full or (b) the fifth Distribution Date. Class 1 Asserted Claim of Mr. Holman is impaired. The Holman Settlement in Concept represents (i) a sound exercise of the Debtors' business judgment, (ii) falls within the range of reasonableness, (iii) is fair and equitable, and (iv) is in the best interest of the Debtors and creditors when taking into consideration (a) the probability of success on the merits; (b) possible difficulties of collecting any judgment which might be obtained; (c) the complexity, expense, and likely duration of any ensuing litigation; and (d) the interests of the creditors, giving proper deference to their reasonable views. Class 2 Secured Real Property Claims is impaired. Class 2 consists of the outstanding balance as of the Confirmation Date of the Allowed Secured Claims of Front Royal and Warren County. The same will be satisfied either by (a) payment in full in pro-rata payments on each Distribution Date beginning on the Initial Distribution Date, paid pro-rata of the Distribution Amount to all Holders of Allowed Secured Claims of the Lynwood Entities or (b) as otherwise agreed by Front Royal and Warren County. Class 3 Secured Personal Property Claims is impaired. Class 3 consists of the outstanding balance as of the Confirmation Date of the Allowed Secured Claims of Front Royal and Warren County on personal property. The same will be satisfied either by (a) payment in full in pro-rata payments on each Distribution Date beginning on the Initial Distribution Date, paid pro-rata of the Distribution Amount to all Holders of Allowed Secured Claims of the Lynwood Entities or (b) as otherwise agreed by Front Royal and Warren County. Class 4 Other Secured Claims is impaired. Class 4 consists of the outstanding balance, as of the Confirmation Date, of all other Allowed Secured Claims, the same will be satisfied either by (a) payment in full on the Effective Date, (b) as otherwise agreed between the holder of the Claim and the respective Debtor, and/or (c) surrender of the relevant Collateral. Class 6 Non-Tax Priority Claims is impaired. Class 6 consists of Non-Tax Priority Claims. Provided that a Non-Tax Priority Claim has not been paid prior to the Effective Date, Allowed Non-Tax Priority Claims shall be paid in full in the amount of Allowed Non-Tax Priority Claims in not less than equal yearly payments within five (5) years from the Petition Date and in a manner not less favorable than payments to Holders in Class. Lynwood Virginia will dedicate its annual net income from its operations, as provided in the Plans of the Lynwood Entities. Based on review of information received from a real estate broker and additional research, coupled with Mr. Moyer's personal knowledge of the properties and the local market, the Debtors believe: (1) the two industrial parcels would lease for a range between $12,000 to $17,000 a month and (2) the smaller, commercial parcel could yield a range between $8,000 to $10,000 a month. This income shall fund the various Plans. Furthermore, Breach of Duty Proceeds, if any, will be used to fund the Plans as well. A full-text copy of the Joint Disclosure Statement dated June 27, 2019, is available at https://tinyurl.com/y593837m from PacerMonitor.com at no charge. About Lynwood Holdings Inc. Based in Front Royal, Virginia, Lynwood Holdings, Inc. and its affiliate filed for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Va. Lead Case No. 18-50784) on Aug. 31, 2018, estimating $1 million to $10 million in assets and liabilities. The petitions were signed by Walt L. Moyer, president. The Hon. Rebecca B. Connelly is the case judge. Lynn Lewis Tavenner at Tavenner & Beran, PLC, is the Debtors' counsel. MAIREC PRECIOUS: Trustee Taps Bederson as Operational Consultant ---------------------------------------------------------------- Janet Haigler, the Chapter 11 trustee for Mairec Precious Metals U.S., Inc., received approval from the U.S. Bankruptcy Court for the District of South Carolina to hire Bederson, LLP, as operational consultant. The firm will oversee all administrative and operation functions of the Debtor; provide financial information necessary for financial reports and forecasts needed by the trustee; oversee the day-to-day operations related to precious metal trading; and provide other services as operational consultant. The firm's hourly rates are: Charles Persing $405 Marco Bonelli Jr. $250 Paraprofessionals $170 Charles Persing, a partner at Bederson, disclosed in court filings that his firm does not hold any interest adverse to the Debtor's estate, creditors and equity security holders. The firm can be reached through: Charles N. Persing Bederson, LLP 347 Mount Pleasant Avenue, Suite 200 West Orange, New Jersey 07052 Tel: 973-530-9181 Mobile: 347-637-0489 Fax: 862-926-2481 Email: cpersing@bederson.com About Mairec Precious Metals U.S. Mairec Precious Metals U.S., Inc., specializes in the recovery of precious metals including gold, silver, platinum, palladium or rhodium from various materials containing them. The Company collects and recycles car catalysts, industrial catalysts, electronic scrap, various sweeps and concentrates and other industrial waste. Mairec Precious Metals U.S. filed for Chapter 11 bankruptcy protection (Bankr. D.S.C. Case No. 19-01198) on March 1, 2019. In the petition signed by David M. Baker, chief restructuring officer, the Debtor estimated $50 million to $100 million in assets and $10 million to $50 million in liabilities. The case has been assigned to Judge Helen E. Burris. The Debtor tapped McCarthy, Reynolds, & Penn, LLC as its counsel, and SSG Advisors, LLC, as its investment banker. The Office of the U.S. Trustee appointed a committee of unsecured creditors on March 13, 2019. The committee is represented by Beal, LLC. Janet B. Haigler was appointed Chapter 11 trustee for the Debtor on May 17, 2019. The Trustee is represented by Haynsworth Sinkler Boyd. MEYZEN FAMILY: Seeks to Hire Silvio Benedetto as Broker ------------------------------------------------------- Meyzen Family Realty Associates, LLC and La Cremaillere Restaurant Corp. seek approval from the U.S. Bankruptcy Court for the Southern District of New York to hire a broker. In applications filed in court, the Debtors propose to employ Silvio Benedetto Associates, Inc., to market and sell their properties located at 46 Bedford-Banksville Road, Bedford, N.Y. The firm will get a commission of 6 percent of the gross sales price. Silvio Benedetto, the firm's real estate agent who will be providing the services, disclosed in court filings that he and his firm are "disinterested" as defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Silvio Benedetto Silvio Benedetto Associates, Inc. 1030 East Putnam Avenue Riverside, CT 06878 Phone 203 637-8700 About Meyzen Family Realty Meyzen Family Realty Associates, LLC owns a property located at 46 BedfordBanksville Road, Bedford, N.Y., from which La Cremaillere Restaurant Corp. as lessee operates its business. The company valued the property at $2.8 million. Meyzen sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 18-23419) on Sept. 13, 2018. La Cremaillere filed Chapter 11 petition (Bankr. S.D.N.Y. Case No. 19-22823) on April 17, 2019. At the time of the filing, Meyzen disclosed $2.8 million in assets and $1.45 million in liabilities. La Cremaillere disclosed assets of between $1 million and $10 million and liabilities of the same range. Judge Robert D. Drain oversees the cases. The Debtors tapped Bruce H. Bronson Jr., Esq., at Bronson Law Offices, P.C., as their counsel. MG 1226: Stern Buying Brooklyn Property for $1.5 Million -------------------------------------------------------- MG 1226 Realty, LLC, asks the U.S. Bankruptcy Court for the Eastern District of New York to authorize the sale of the real property located at 1226 41st Street, Brooklyn, New York to Yoel Stern for $1.5 million. The Debtor's bankruptcy filing was precipitated by the foreclosure and sale of the property and his desire to reorganize, and pay off his debts. The sale price in the contract dated May 9, 2019 is $1.5 million. The sale will be free and clear of liens, encumbrances, tenancies, and interests. There is enough money to pay off the primary lender who is owed approximately $600,000; and the New York State of Taxation and Finance, which is owed about $13,000. The sale of the property is a reasonable exercise of the Debtor's business judgment and should be approved. The sale of the property is necessary and in the best interests of the estate and creditors, who will be paid in full when the sale occurs. The sale price is greater than the liens on the property. A hearing on the Motion is set for June 20, 2019 at 10:30 a.m. Objections, if any, must be filed no later than seven days preceding the return date of the Motion. A copy of the Contract attached to the Motion is available for free at: http://bankrupt.com/misc/1226_Realty_15_Sales.pdf About MG 1226 Realty MG 1226 Realty, LLC, sought Chapter 11 protection (Bankr. E.D.N.Y. Case No. 19-42121) on April 9, 2019. In the petition was signed by Mendel Gold, sole member, the Debtor estimated assets and liabilities in the range of $500,001 to $1 million. The Debtor tapped Joshua R. Bronstein, Esq., at Law Offices of Josua R. Bronstein & Associates, PLLC, as counsel. MINESEN COMPANY: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------------- Debtor: The Minesen Company dba Inn at Schofield Barracks 563 Kolekole Avenue Wahiawa, HI 96786 Business Description: The Minesen Company -- innatschofield.com -- owns a transient military lodging facility at Schofield Barracks in central Oahu known as the Inn at Schofield Barracks. Amenities include queen-sized beds, coffee maker, refrigerator, microwave, television, Internet, air conditioning, laundry, and 24-hour convenience store. Chapter 11 Petition Date: July 4, 2019 Court: United States Bankruptcy Court District of Hawaii (Honolulu) Case No.: 19-00849 Debtor's Counsel: Chuck C. Choi, Esq. CHOI & ITO 700 Bishop Street, Suite 1107 Honolulu, HI 96813 Tel: 808.533.1877 Fax: 808.566.6900 E-mail: cchoi@hibklaw.com - and - Allison A. Ito, Esq. CHOI & ITO 700 Bishop Street, Suite 1107 Honolulu, HI 96813 Tel: 808 533-1877 Fax: 808 566-6900 E-mail: aito@hibklaw.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $1 million to $10 million The petition was signed by Max Jensen, president. A full-text copy of the petition is available for free at: http://bankrupt.com/misc/hib19-00849.pdf List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount ------ --------------- ------------ 1. U.S. Army, Morale, Claims Asserted $1,200,000 Welfare and Rec Fund in Armed Services c/o Jennifer C. Sherman Board of Contract 2405 Gun Shed Road San Antonio, TX 78234-1223 2. U.S. Army Garrison Trade Debt $230,241 Hawaii, Res. Mgmt Off Attn: IMHW-RM, Stop 125 742 Santos Dumont Ave., Bldg 108 (WAAF) Schofield Barracks, HI 96857-5000 3. Davis Wright Tremaine $125,750 920 Fifth Avenue, Suite 330 c/o Traeger Machetanz Seattle, WA 98104-1610 4. State of Hawaii $30,000 Department of Taxation P.O. Box 239 Honolulu, HI 96813 5. The Hartford $11,500 One Hartford Plaza Hartford, CT 06155 6. Case Lombardi & Pettit $8,299 737 Bishop Street, Suite 2600 Attn: Michael Lam Honolulu, HI 96813-9652 7. University Health Alliance $6,894 P.O. Box 29590 Honolulu, HI 96820-1990 8. Waas Campbell Services $6,000 Rivera Johnson & Velasquez Rendered 1350 Seventeenth St., Suite 450 Denver, CO 80202 9. Cohen Consulting Co., LLC $5,600 7287 S. Sundown Circle Littleton, CO 80120 10. Oahu Gas Service Trade Debt $5,138 91-290 Hanua Street Kapolei, HI 96707 11. State of Hawaii, DLIR, $4,000 Unemployment Ins 830 Punchbowl St., Rm 437 Honolulu, HI 96813 12. Sam's Club Direct Trade Debt $3,189 P.O. Box 530930 Atlanta, GA 30353-0930 13. Century Link Trade Debt $3,000 550 Paiea St. #238 Honolulu, HI 96819 14. West Oahu Aggregate Services $2,279 855 Umi Street Rendered Honolulu, HI 96819 15. Coca-Cola Bottling of HI, LLC $1,664 11400 SE8th St., Suite 300 Bellevue, WA 98004 16. HFM Food Service Corporation Trade Debt $1,609 P.O. Box 855 Honolulu, HI 96808 17. Pint Size Hawaii Trade Debt $1,400 99-1287 Waiua Place Aiea, HI 96701 18. Grainger Dept. -C-Pay $1,265 Palatine, IL 60038-0001 19. Kaiser Health Foundation Trade Debt $1,189 PO Box 29080 Memb. Admin Group Honolulu, HI 96820-1480 20. Thyssenkrupp $1,050 Elevator Corp. 2880 Ualena St. Honolulu, HI 96819 NXT ENERGY: Receives 40% Total Payment Under SFD Survey Contract ---------------------------------------------------------------- NXT Energy Solutions Inc. has received an additional $2.3 million on its $8.9 million Nigerian SFD survey that was payable following the completion in May 2019 of the data acquisition phase of 5,000 line kilometers of SFD data. A $1 million advance payment was received in May 2019. A further payment of $2.5 million under the contract is due later this month. NXT has been invited to present preliminary interpretation findings of the entire survey on an accelerated basis later this month and to discuss the potential utilization of SFD in NNPC's ongoing and future exploration programs based upon the completion of the Department of Petroleum Resources near-shore flight and the initial onshore SFD data review conducted in April by the Frontier Exploration Services of the Nigerian National Petroleum Corporation. Final recommendations are expected to be delivered during the third quarter of 2019 at which time estimated final payments of $3.1 million under the contract are expected to be received. NXT and PE Energy Limited, its contractual intermediary in Nigeria, have now signed an exclusive distribution agreement which includes the territories of Equatorial Guinea, Gabon, Congo, Angola, Cameroon and Tanzania to build upon the success of the performance of the survey in Nigeria. George Liszicasz, president and CEO of NXT, commented, "Today we are announcing two significant milestones. First, we have now received 40% of the total payment of the Nigerian SFD survey. Second, I am delighted that we are extending the Distribution Agreement for PE further into Africa. The African continent is still a frontier region for hydrocarbon exploration. PE has been an invaluable local partner and mentor for NXT in all phases of the Nigerian SFD survey. Together NXT and PE completed the data acquisition in under three weeks and soon will deliver the final report to NNPC. I look forward to a long and productive partnership with PE in Africa." About NXT Energy NXT Energy Solutions Inc. is a Calgary-based technology company whose proprietary SFD survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used both onshore and offshore to remotely identify areas with exploration potential for traps and reservoirs. The SFD survey system enables the Company's clients to focus their hydrocarbon exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential. SFD is environmentally friendly and unaffected by ground security issues or difficult terrain and is the registered trademark of NXT Energy Solutions Inc. NXT Energy Solutions Inc. provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration. NXT Energy reported a net loss and comprehensive loss of C$6.96 million for the year ended Dec. 31, 2018, compared to a net loss and comprehensive loss of C$8.97 million for the year ended Dec. 31, 2017. At March 31, 2019, the Company had total assets of C$27.39 million in total assets, total liabilities of C$4.93 million, and C$22.45 million in total shareholders' equity. The Company's independent accounting firm KPMG LLP, in Calgary, Canada, issued a "going concern" qualification in its report dated April 1, 2019, on the Company's consolidated financial statements for the year ended Dec. 31, 2018, citing that the Company's current and forecasted cash position is not expected to be sufficient to meet its obligations for the 12 months period beyong the date that these financial statements have been issued. 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. OAKLEY GRADING: Trustee Proposes 2nd Ritchie Auction of Equipment ----------------------------------------------------------------- Theo D. Mann, the Chapter 11 trustee for Oakley Grading and Pipeline, LLC, filed with the U.S. Bankruptcy Court for the Northern District of Georgia a notice of the sale of the various pieces of equipment belonging to the Debtor's estate, listed on Exhibit A, at auction. David Hughes asserts that his claim is unsecured, but listed "Title/UCC-1/Deed to Secure Debt/PMSI/Lease Agreement" as the basis for perfection of his claim. Mr. Hughes did not attach any documentation to his Proof of Claim evidencing perfection and an unofficial online search performed by the Trustee's counsel did not reveal any UCC-1 forms filed in the state of Georgia by David Hughes against the Debtor. JDH Group, Inc. claims to have a lien on the Debtor's equipment, but did not attach to its proof of claim any UUC-1 forms or copies of title's evidencing said lien. Moreover, based on an unofficial online search performed by the Trustee's counsel, no UCC-1 filing statement has been filed in the state of Georgia by JDH against the Debtor. Hughes Co., Inc. asserts that its claim is unsecured, but listed "Title/UCC-1/Deed to Secure Debt/PMSI/Lease Agreement" as the basis for perfection of its claim. Hughes Co. did not attach any documentation to its Proof of Claim evidencing perfection and an unofficial online search performed by the Trustee's counsel did not reveal any UCC-1 forms filed in the state of Georgia by David Hughes against the Debtor. The Trustee disputes that David Hughes, JDH and Hughes Co. have any perfected liens against the Equipment. He proposes to sell the Equipment at 8:00 a.m. on June 26, 2019 at a public auction conducted by Ritchie Bros. Auctioneers (America) Inc., a licensed and bonded auctioneer. The sale and preparation of the Equipment for sale will be handled by Ritchie Bros. Ritchie Bros.' fee for conducting and managing the Auction will be an 11% commission. The Trustee also anticipates incurring expenses of approximately $9,000 in connection with preparing the Equipment for the Auction in order to maximize the value of the Equipment. The sale of the estate's interest in the Equipment will be by the Trustee/s bill of sale and transfer of certificate of title executed by Trustee, to the extent that the Trustee is in possession of titles for the Equipment. A hearing on the Motion is set for June 18, 2019 at 2:00 p.m. A copy of the Exhibit A attached to the Motion is available for free at: http://bankrupt.com/misc/Oakley_Grading_178_Sales.pdf About Oakley Grading and Pipeline Oakley Grading and Pipeline LLC is a privately held grading contractor in Newnan, Georgia. Oakley Grading and Pipeline, through its receiver, filed a Chapter 11 petition (Bankr. N.D. Ga. Case No. 18-10743) on April 9, 2018. In the petition signed by Vic Hartman, receiver, the Debtor disclosed $305,729 in total assets and $2.56 million in total liabilities. Kathleen G. Furr, Esq., and Kevin A. Stine, Esq., at Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C., serve as the Debtor's counsel. On April 3, 2018, the U.S. Trustee filed a notice appointing Theo D. Mann as Chapter 11 trustee for Debtor. The Chapter 11 Trustee hired Mann & Wooldridge, P.C., as counsel, and Morris Manning & Martin, LLP, as special counsel. OCALA INN: Allowed to Use Cash Collateral on Final Basis -------------------------------------------------------- Bankruptcy Judge Jerry A. Funk authorized Ocala Inn Management Inc. to use the cash collateral of CenterState Bank on a final basis. The Debtor will pay only expenses necessary for the operation of the business and not any pre-petition expenses, salaries, professional fees, or insiders without further order of the Court. CenterState Bank is granted a replacement lien to the same nature, priority, and extent that the Bank may have had immediately prior to the Petition Date. Further, the Bank is hereby granted a replacement lien and security interest on property of the bankruptcy estate to the same extent and priority as that which existed pre-petition on all of the cash accounts, accounts receivable and other assets and property acquired by the Debtor's estate or by the Debtor on or after the Petition. The Debtor is ordered to pay adequate protection payments in the amount of $7,193.41 per month to CenterState Bank until Confirmation of a Chapter 11 Plan of Reorganization or further Order of the Court. In addition, the Debtor will (a) maintain all necessary insurance coverage on CenterState Bank's collateral and under no circumstances will the Debtor allow its insurance coverage to lapse, (b) continue to pay such monthly insurance payment in a timely manner, and (c) provide to Bank's counsel a written statement supported by evidence of Debtor's compliance with the foregoing. A copy of the Final Order is available for free at http://bankrupt.com/misc/flmb19-bk-00875-43.pdf About Ocala Inn Management Ocala Inn Management, Inc. owns a hotel located at 3767 NW Blitchton Road, Ocala, Fla., valued by the company at $1.97 million. Ocala Inn Management sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-00875) on March 13, 2019. It previously sought bankruptcy protection (Bankr. M.D. Fla. Case No. 12-02468) on April 12, 2012. At the time of the filing, the Debtor disclosed $3,057,592 in assets and $1,201,280 in liabilities. Judge Jerry A. Funk oversees the case. The Debtor tapped the Law Offices of Mickler & Mickler, LLP as its legal counsel. The U.S. Trustee, until further notice, will not appoint an official committee of unsecured creditors in the Chapter 11 case. PACIFIC CONSTRUCTION: Gets Final Nod to Use Cash Until Sept. 7 -------------------------------------------------------------- The Hon. Peter C. Mc Kittrick of the U.S. Bankruptcy Court for the District of Oregon has signed a final order authorizing Pacific Construction Group, LLC to use $251,515 of cash collateral for the period of June 9 through and including Sept. 7, 2019, in accordance with the Budget, subject to a 15% aggregate variance. The Lien Creditors -- On Deck/Secured Lender Solutions and Ivy Financial Corp., are granted replacement liens upon all post-petition assets of the Debtor which are of the identical description to its pre-petition collateral, with the same relative priority vis-a-vis each other that existed as of the Petition Date. A copy of the Final Order is available for free at http://bankrupt.com/misc/orb19-31770-45.pdf About Pacific Construction Group Pacific Construction Group, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Oregon Case No. 19-31770) on May 14, 2019. In the petition signed by Christopher Mackenzie, member, the Debtor estimated assets of less than $100,000 and debts of less than $500,000. The Debtor is represented by Nicholas J. Henderson, Esq. at Motschenbacher & Blattner, LLP. PALMER EQUIPMENT: Seeks Authorization to Use Cash Collateral ------------------------------------------------------------ Palmer Equipment LLC seeks authorization from the U.S. Bankruptcy Court for the District of Utah to use its cash, including cash that may constitute cash collateral, to pay ordinary post-petition operating expenses and certain administrative expenses, as set forth in the Budget. Enhanced Capital Utah Rural Fund, Inc. may claim an interest in the Debtor's security interests in monies, receivables and/or inventory, located in Salina, Utah. The Debtor believes that the present amount owed to Enhanced Capital is $2,600,000. The Debtor proposes to grant Enhanced Capital a replacement lien upon all its pre-petition and post-petition assets to the extent the use of cash collateral results in a diminution in the amount or value of the secured claim of Enhanced Capital. Additionally, the Debtor proposes to make a monthly payment to Enhanced Capital in an amount to be agreed upon by the parties or ordered by the Court, and consistent with the Debtor's budget. A copy of the Cash Collateral Motion is available for free at http://bankrupt.com/misc/utb19-24265-21.pdf About Palmer Equipment LLC Palmer Equipment LLC -- https://www.balewagons.com/ -- is a manufacturer of agricultural equipment. The Company also provides equipment repair, annual maintenance, equipment restoration, and equipment upgrades services. Palmer Equipment sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Utah Case No. 19-24265) on June 11, 2019. In the petition signed by its managing partner, Ryan Palmer, the Debtor estimated assets and debts of less than $10 million each. Judge William T. Thurman is assigned to the case. The Debtor is represented by Brian D. Johnson, Esq. at Brian D. Johnson P.C. as lead bankruptcy counsel and Roger A. Kraft, Esq. at Roger A. Kraft Attorney at Law, P.C., as co-counsel. PARK MONROE: Seeks to Hire Abrams Fensterman as Special Counsel --------------------------------------------------------------- Park Monroe Housing Development Fund Corp. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Abrams, Fensterman, Fensterman, Eisman, Formato, Ferrara, Wolf & Carone, LLP as special counsel. The firm will provide these services to Park Monroe and its affiliates: (1) represent the Debtors in an anticipated real estate or financing transaction; (2) advise the Debtors regarding real estate issues with respect to an anticipated transaction and otherwise; and (3) assist the Debtors in obtaining approval of the real estate transactions. The firm's hourly rates are: Frank Carone $600 Mark Caruso $525 Lawrence DiCiovanna $510 Mark Furman $525 Stephen Chiaino $425 Maya Petrocelli $425 Andrea Caruso $420 Paralegals $175 - $195 Stephen Chiaino, Esq., a partner at Abrams, disclosed in court filings that his firm is "disinterested" as defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Stephen D. Chiaino, Esq. Abrams, Fensterman, Fensterman, Eisman, Formato, Ferrara, Wolf & Carone, LLP 1 MetroTech Center, Suite 1701 Brooklyn, NY 11201 Tel: (718) 215-5300 Fax: (718) 215-5304 Email: SChiaino@abramslaw.com About Park Monroe Housing Development Park Monroe Housing Development Fund Corporation is a not-for-profit and tax-exempt corporation that develops a housing project for persons of low income, pursuant to Section 573 of Article XI of the New York Private Housing Finance Law. The Company's primary tangible assets are located at 477 Saratoga Avenue a/k/a 1352-1354 East New York Avenue, Brooklyn, N.Y.; 1350 Park Place, Brooklyn, N.Y.; 180 Grafton Street, Brooklyn, N.Y.; 257 Mother Gaston Boulevard, Brooklyn, N.Y.; and 249-251 Mother Gaston Boulevard, Brooklyn, N.Y. 984-988 Greene Avenue Housing Development Fund is a not-for-profit corporation whose tangible assets are properties located at 984-988 Greene Avenue, Brooklyn, N.Y. Its assets are used consistent with its charitable purposes of providing affordable housing units for families of low income in the central sections of Brooklyn, N.Y. Northeast Brooklyn Partnership is a for-profit partnership whose primary tangible assets are properties located at 409 Kosciuszko Street, Brooklyn, N.Y.; 403 Kosciuszko Street, Brooklyn, N.Y.; 399 Kosciuszko Street, Brooklyn, N.Y.; 397 Kosciuszko Street, Brooklyn, N.Y.; 675 Halsey Street, Brooklyn, N.Y.; and 671 Halsey Street, Brooklyn, N.Y. Park Monroe and its affiliates sought Chapter 11 protection (Bankr. E.D.N.Y. Case Nos. 19-40820 to 19-40823) on Feb. 11, 2019. The petitions were signed by Jeffrey E. Dunston, president and chief executive officer. At the time of filing, the Debtors estimated assets and liabilities under $10 million. The Debtors are represented by Allen G. Kadish, Esq., of Archer & Greiner, P.C. PARK MONROE: Seeks to Hire Sperber Denenberg as Special Counsel --------------------------------------------------------------- Park Monroe Housing Development Fund Corp. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Sperber, Denenberg & Kahan, P.C. as special counsel. The firm will provide these services to Park Monroe and its affiliates: a. represent the Debtors as counsel in litigation matters and landlord-tenant disputes, including non-payment actions, holdover proceedings, general litigation, and residential dispossess actions; b. advise the Debtors on various legal matters pertaining to tenant disputes, leases, rent disputes and general property issues; c. represent the Debtors as counsel in defending actions with New York City Housing Preservation and Development; d. represent the Debtors as counsel in defending Department of Building Violations and Environmental Control Board violations; e. Preparation of rent demand notices; and f. attendance in court on motions, trials, and general court appearances. The firm's hourly rates are: Partners $400 Associates $325 Seth Denenberg, Esq., at a partner of Sperber, disclosed in court filings that the firm is "disinterested" as defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Seth Denenberg, Esq. Sperber, Denenberg & Kahan, P.C. 48 West 37th Street, 16th Floor New York, NY 10018 Phone: (917) 351-1286 Email: sdenenberg@sdkpc.com About Park Monroe Housing Development Park Monroe Housing Development Fund Corporation is a not-for-profit and tax-exempt corporation that develops a housing project for persons of low income, pursuant to Section 573 of Article XI of the New York Private Housing Finance Law. The Company's primary tangible assets are located at 477 Saratoga Avenue a/k/a 1352-1354 East New York Avenue, Brooklyn, N.Y.; 1350 Park Place, Brooklyn, N.Y.; 180 Grafton Street, Brooklyn, N.Y.; 257 Mother Gaston Boulevard, Brooklyn, N.Y.; and 249-251 Mother Gaston Boulevard, Brooklyn, N.Y. 984-988 Greene Avenue Housing Development Fund is a not-for-profit corporation whose tangible assets are properties located at 984-988 Greene Avenue, Brooklyn, N.Y. Its assets are used consistent with its charitable purposes of providing affordable housing units for families of low income in the central sections of Brooklyn, N.Y. Northeast Brooklyn Partnership is a for-profit partnership whose primary tangible assets are properties located at 409 Kosciuszko Street, Brooklyn, N.Y.; 403 Kosciuszko Street, Brooklyn, N.Y.; 399 Kosciuszko Street, Brooklyn, N.Y.; 397 Kosciuszko Street, Brooklyn, N.Y.; 675 Halsey Street, Brooklyn, N.Y.; and 671 Halsey Street, Brooklyn, N.Y. Park Monroe and its affiliates sought Chapter 11 protection (Bankr. E.D.N.Y. Case Nos. 19-40820 to 19-40823) on Feb. 11, 2019. The petitions were signed by Jeffrey E. Dunston, president and CEO. At the time of filing, the Debtors estimated assets and liabilities under $10 million. The Debtors are represented by Allen G. Kadish, Esq., of Archer & Greiner, P.C. PAUL LOGSDON: $60K Sale of 2014 John Deere 1770NT to Brown Approved ------------------------------------------------------------------- Judge Charles E. Rendlen, III of the U.S. Bankruptcy Court for the Eastern District of Missouri authorized Paul Logsdon, Inc., and Paul A. Logsdon to sell the 2014 John Deere 1770NT, 16R30 Planter, Serial Number 1A011770Y cem755927, to Kevin Brown for $60,000. The sale is free and clear of liens, with liens of Pilot Grove Savings Bank and Prairieland FS, Inc. attaching to the proceeds of sale. The Debtors are authorized to use the Sales Proceeds for the sole purpose of input and planting costs for the 2019 crop, with such use of the Sales Proceeds being subject to replacement liens in favor of PG and PFS in the 2019 crop, 2019 crop insurance and all government program payments as a result of the Debtors' farming operations in 2019, with such Replacement Liens having the same validity, if any, and priority and being in the same amounts as their respective pre-petition liens and interests in the Planter. The Debtors are authorized to use the Sales Proceeds for the sole purpose of input and planting costs for the 2019 crop, with such use of the Sales Proceeds being subject to the Replacement Liens and the Debtors' obligations under the interim order authorizing use of cash collateral and any subsequent final order. Notwithstanding Bankruptcy Rule 6004 (4), the terms and conditions of the Order are immediately effective and enforceable upon its entry. About Paul Logsdon Paul Logsdon, Inc., based in Canton, MO, filed a Chapter 11 petition (Bankr. E.D. Mo. Case No. 19-20081) on April 9, 2019. In the petition signed by Paul Logsdon, president, the Debtor disclosed $695,400 in assets and $8,934,390 in liabilities. David M. Dare, Esq., at Herren Dare & Street, serves as bankruptcy counsel to the Debtor. PAUL SOUCIE: Nephew Blake Buying Red Willow Property for $800K -------------------------------------------------------------- Paul Darrel Soucie and Janet Rae Soucie ask the U.S. Bankruptcy Court for the District of Nebraska to authorize the private sale to Blake Soucie, nephew of the Debtors, for $800,000, the real property legally described as follows: South Half of the Southwest Quarter and Lots 4 and 5 in Section 2, all in Township 3 North, Range 26 West of the 6th P.M., Red Willow County, Nebraska EXCEPT a tract of land in part of the Southwest Quarter of Section 2, Township 3 North, Range 26 West of the 6th P.M., Red Willow County, Nebraska, more particularly described as follows: Referring to the Southwest corner of said Section 2, thence on an assumed bearing N90°00'E along the Section Line a distance of 1058.4 feet to the Point of Beginning; thence continuing along said bearing a distance of 364.8 feet to a point; thence bearing N00°33'E a distance of 108.2 feet to a point; thence bearing N56°34'E a distance of 45.3 feet to a point; thence bearing N01°48'W a distance of 514.9 feet to a point; thence bearing S89°O4'W a distance of 401.4 feet to a point; thence bearing SO1°15'E a distance of 841.4 feet to the Point of Beginning. The parties have executed their Real Estate Purchase Agreement. Said real property will be sold after the objection time has run, free and clear of any lien, claim or encumbrance of any party. The Secured Creditors on the real estate, Farm Credit Services and Red Willow County Treasurer will retain their liens, in the priority established under Nebraska or applicable law, upon the proceeds of the sale of the real property. The closing costs, realtor commissions and survey costs, if any, will first be deducted from the proceeds and the proceeds paid to Creditors in accordance with Nebraska law first to Red Willow County Treasurer and the balance to Farm Credit Services in accordance with Nebraska law and bankruptcy law. The objection deadline is June 19, 2019. A copy of the Agreement attached to the Motion is available for free at: http://bankrupt.com/misc/Paul_Soucie_9_Sales.pdf Paul Darrel Soucie and Janet Rae Soucie sought Chapter 11 protection (Bankr. D. Neb. Case No. 18-40299) on Feb. 27, 2018. The Debtors tapped John C. Hahn, Esq., at Wolfe, Snowden, Hurd, Luers & AHL, LLP, as counsel. PAUL SOUCIE: Nephew Bronson Buying Red Willow Property for $500K ---------------------------------------------------------------- Paul Darrel Soucie and Janet Rae Soucie ask the U.S. Bankruptcy Court for the District of Nebraska to authorize the private sale to Bronson Soucie, nephew of the Debtors, for $500,000, the real property legally described as Northwest Quarter of Section 11, Township 3 North, Range 26 West of the 6th P.M., Red Willow County, Nebraska. The parties have executed their Real Estate Purchase Agreement. Said real property will be sold after the objection time has run, free and clear of any lien, claim or encumbrance of any party. The Secured Creditors on the real estate, Farm Credit Services and Red Willow County Treasurer will retain their liens, in the priority established under Nebraska or applicable law, upon the proceeds of the sale of the real property. The closing costs, realtor commissions and survey costs, if any, will first be deducted from the proceeds and the proceeds paid to Creditors in accordance with Nebraska law first to Red Willow County Treasurer and the balance to Farm Credit Services in accordance with Nebraska law and bankruptcy law. The objection deadline is June 19, 2019. A copy of the Agreement attached to the Motion is available for free at: http://bankrupt.com/misc/Paul_Soucie_13_Sales.pdf Paul Darrel Soucie and Janet Rae Soucie sought Chapter 11 protection (Bankr. D. Neb. Case No. 18-40299) on Feb. 27, 2018. The Debtors tapped John C. Hahn, Esq., at Wolfe, Snowden, Hurd, Luers & AHL, LLP, as counsel. PAUL SOUCIE: Selling Nuckolls Property to Menkes for $560K ---------------------------------------------------------- Paul Darrel Soucie and Janet Rae Soucie ask the U.S. Bankruptcy Court for the District of Nebraska to authorize the private sale of the real property legally described as Northeast Quarter of Section 1, Township 3 North, Range 8 West of the 6th P.M., Nuckolls County, Nebraska, including the grain bins and equipment on said Property, to Charlie Menke and Brent Menke for $560,000. The parties have executed their Real Estate Purchase Agreement. Said real property will be sold after the objection time has run, free and clear of any lien, claim or encumbrance of any party. The Secured Creditors on the real estate, Farm Credit Services and Red Willow County Treasurer will retain their liens, in the priority established under Nebraska or applicable law, upon the proceeds of the sale of the real property. The closing costs, realtor commissions and survey costs, if any, will first be deducted from the proceeds and the proceeds paid to Creditors in accordance with Nebraska law first to Red Willow County Treasurer and the balance to Farm Credit Services in accordance with Nebraska law and bankruptcy law. The objection deadline is June 19, 2019. A copy of the Agreement attached to the Motion is available for free at: http://bankrupt.com/misc/Paul_Soucie_11_Sales.pdf Paul Darrel Soucie and Janet Rae Soucie sought Chapter 11 protection (Bankr. D. Neb. Case No. 18-40299) on Feb. 27, 2018. The Debtors tapped John C. Hahn, Esq., at Wolfe, Snowden, Hurd, Luers & AHL, LLP, as counsel. PH DIP INC: Contrarian Buying Toys "R" Us Claim for $31K -------------------------------------------------------- PH DIP, Inc., asks the U.S. Bankruptcy Court for the Central District of California to authorize the private sale of its Administrative Proof of Claim in the Toys "R" Us, Inc. ("TRU") bankruptcy case in the amount of $537,466 to Contrarian Funds, LLC for 23.25% of the Claim, less the $94,057 payment the Debtor received from TRU, which leaves a purchase price balance of approximately $30,904. On Feb. 12, 2018, the Court entered an Order approving the employment of Attorney David Greer as Special Virginia Counsel to represent the Debtor in the U.S. Bankruptcy Court for the Eastern District of Virginia to file a motion in the TRU bankruptcy allow the Debtor's late filed Administrative Priority Proof of Claim. On March 21, 2019, Judge Keith L. Phillips entered an order in the TRU Bankruptcy case that deemed the Claim as timely filed and in the amount of $537,466. Due to factors normally attendant to large chapter 11 cases it is unknown when and how much the Debtor will be paid (or not paid) upon its Claim. Rather than wait an undeterminable length of time for the TRU bankruptcy to distribute an undeterminable amount of funds, the Debtor and the Committee requested that the Debtor's Chief Restructuring Officer James Wong market and sell the Claim to the highest bidder. Mr. Wong contacted nine entities that specialize in trading proofs of claims, some of the entities previously purchased other proofs of claims in the TRU bankruptcy case. Of those entities six offered to purchase the Claim. The offers ranged from 19% to 23% of the amount of the Claim. After further negotiations, on April 3, 2019, Mr. Wong received an offer to purchase from Contrarian for 23.25% of the amount of the Claim or $124,961. On April 3, 2019 Mr. Wong accepted Contrarian's Bid. On May 3, 2019, the Debtor received $94,057 from TRU as a partial payment upon the Claim. In agreement with Contrarian, this leaves a balance due to the Debtor from the Contrarian Sale of $30,904. The Debtor asks the entry of an order approving the private sale of the Claim to Contrarian for the amount of approximately $30,904. The Property will be sold "as is" without representations or warranties of any kind, expressed or implied, concerning the condition of the Property, the quality of title thereto, or any other matters relating to the Property. The Claim is subject to the lien of Preferred Bank pursuant to the Cash Collateral Order. The Sale is not subject to overbidding. The Debtor does not ask authorization to pay a commission. It is not aware of any adverse tax consequences to the estate. The Debtor has filed a Plan of Liquidation for which the purpose is to monetize and maximize the value of its assets in an expeditious manner. The Contrarian Bid provides immediate liquidation and minimizes expense of the Debtor's estate administering the Claim for an indefinite period of time. Absent any objection to the Motion, the Trustee asks that the 14-day stay under Fed. R. Bankr. P. 6004(h) be waived so that the parties may quickly close the sale. The Purchaser: CONTRARIAN FUNDS, LLC 411 West Putnam Avenue, Suite 425 Greenwich, CT 06830 About PH DIP Inc. PH DIP, Inc., filed a Chapter 11 bankruptcy petition (Bankr. C.D. Cal. Case No. 2:18-bk-15972) on May 24, 2018. The Debtor hired Goe & Forsythe, LLP, as counsel. The Law Offices of David A. Greer, PLC, serves as special Virginia counsel to the Debtor. PRINCETON ALTERNATIVE: MicroBilt Ups Creditor Recovery to 64%-94% ----------------------------------------------------------------- The Plan Proponents MicroBilt Corporation and the Ad-Hoc Committee of Minority Shareholders filed a first amended Chapter 11 plan of reorganization for Princeton Alternative Income Fund, LP, to disclose that creditors will recoup 64%-94%. Class 1 Unsecured Claims Other Than Claims Classified in Classes 2, 3 or 4 are impaired. Class 1 Claims total $7,985,367.29. Allowed Claims in Class l shall be paid in full on the Effective Date or as otherwise agreed in writing between the Plan Administrator and the Holder of such Claim without interest. Class 2 Unsecured Claims Of Plan Proponent Related Parties are impaired. Class 2 Claims total $5,578,866.28, plus 11 unliquidated claims. Payments of all amounts will be subordinated to the prior repayment in full of the NAV attributable to each Investor. Class 3 Ranger Claims are impaired. Class 3 claims total $196,275,090 and will recoup 64%-94%. The Ranger Claims will be treated according to the terms of the Arbitration award. Ranger will receive 99% of the Argon Side Pocket assets as of the Effective Date. Ranger may elect to leave the Argon Side Pocket with the Plan Administrator and if it selects that option, will be subject to any administrative costs incurred by the Plan Administrator and/or his successor. Class 4 Investors that have filed Claims are impaired. Class 4 claims total $9,404.757 and will be recoup 64%-94%. All Claims in this Class will be deemed subordinated in accordance with 11 U.S.C. Section 510(b) and treated pari passu with Class 5. Class 5 Investors that did not file Claims are impaired. This Class will be treated pari passu in accordance with the NAV attributable to each Investor and includes all claims in Classes 3 and 4 above. Any amount remaining in the Professional Fee Escrow Account after payment in full of all Allowed Professional Fee Claims and amounts due to the Trustee shall be treated as Available Cash. A full-text copy of the Disclosure Statement dated June 27, 2019, is available at https://tinyurl.com/y3w8rsup from PacerMonitor.com at no charge. Attorneys for MicroBilt Corporation are Derek J. Baker, Esq., at Reed Smith LLP, in Princeton, New Jersey. Counsel for the Ad-Hoc Committee of Minority Shareholders is Ronald S. Gellert, Esq., at Gellert Scali Busenkell & Brown, LLC, in Wilmington, Delaware. About Princeton Alternative Princeton Alternative Income Fund, LP, provides capital for businesses that make consumer loans in the non-prime market. Princeton Alternative Income Fund, LP and Princeton Alternative Funding LLC, a fund management company, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 18-14603) on March 9, 2018. Judge Michael B. Kaplan presides over the cases. In the petitions signed by John Cook, authorized representative, PAIF estimated assets of $50 million to $100 million and liabilities of $1 million to $10 million. PAF estimated assets of less than $100,000 and liabilities of $1 million to $10 million. Sills Cummis & Gross, P.C. is the Debtors' counsel. Liggett & Webb, P.A., has been tapped to serve as accountant. The Debtors tapped JAMS/Hon. Steven Rhodes to provide mediation services. Matthew Cantor was appointed as Chapter 11 trustee for the Debtors. The Trustee tapped Wollmuth Maher & Deutsch LLP as his legal counsel. Attorneys for MicroBilt Corporation are Derek J. Baker, Esq., at Reed Smith LLP, in Princeton, New Jersey. Counsel for the Ad-Hoc Committee of Minority Shareholders is Ronald S. Gellert, Esq., at Gellert Scali Busenkell & Brown, LLC, in Wilmington, Delaware. READING EAGLE: MNG-RE Buying All Business Assets for $5 Million --------------------------------------------------------------- Reading Eagle Co., and WEEU Broadcasting Co., ask the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to authorize the sale of all of their right, title and interest in the assets used or held for use in connection with, or otherwise related to, the business, wherever located, to MNG-RE Acquisition, LLC for $5 million. Pursuant to the Bidding Procedures Order, the Debtors give notice that MNG-RE Acquisition is the Successful Bidder for the Purchased Assets, in the amount of $5 million. The sale is free and clear of all Adverse Interests. A copy of the Asset Purchase Agreement attached to the Notice is available for free at: http://bankrupt.com/misc/Reading_Eagle_242_Sales.pdf The Buyer: MNG-RE ACQUISITION, LLC c/o MediaNews Group, Inc. 101 W. Colfax Ave, Suite 1100 Denver, CO 80202 Attn: Michael Koren Facsimile: (303) 954-6320 The Buyer is represented by: AKIN GUMP STRAUSS HAUER & FELD LLP One Bryant Park New York, NY 10036 Attn: David J. D’Urso, Esq. Facsimile: (212) 872-1002 E-mail: ddurso@akingump.com About Reading Eagle Company Reading Eagle Company -- https://www.readingeagle.com/ -- is the publisher of the Reading Eagle newspaper in Reading, Pennsylvania. Reading Eagle Company was incorporated in 1904. WEEU Broadcasting Company -- http://weeu.com/-- is a subdidiary of Reading Eagle that operates a radio station. Reading Eagle and WEEU filed for bankruptcy protection (Bankr. E.D. Penn Case No. 19-11728) on March 20, 2019. The Hon. Richard Fiehling oversees the cases. In the petition signed by Shawn Moliato, CFO, the Debtors estimated assets of $10 million to $50 million and estimated debts of $10 million to $50 million. The Debtors tapped Stevens & Lee P.C. as counsel. RONALD BRODIE: Smiths Buying Moorestown Property for $825K ---------------------------------------------------------- Ronald Brodie asks the U.S. Bankruptcy Court for the District of New Jersey to authorize the private sale of interest in the real property located at 810 Joshua Court, Moorestown, New Jersey to William and Stephanie Smith for $825,000. The Debtor certifies that he and his wife, Patricia J. Brodie, a non-debtor, own the real estate as tenants by the entirety. It is their marital home. They have entered into an Agreement of Sale to sell the it for $825,000. The Debtor has have filed a Motion Seeking to Void Judicial Liens and incorporates his Certification in Support of that Motion to Void Judicial Liens. He has claimed his interest the property as exempt from property of the estate pursuant to Section 522(b)(3)(B) of the Bankruptcy Code. Since he claimed his interest in property as exempt, he is not sure that he needs to ask Court permission to sell his interest in the property. However, out of an abundance of caution, he believes that he meets the criteria under Section 363(f) regardless of whether he's required to ask Court permission or not. The liens on the property consist of a first mortgage in favor of Bank of America with an amount due thereon of $643,693 and a second mortgage due to 2EE, LLC, with an amount due thereon of $450,000. There are also judgment liens in favor of Landmark Growth Capital Partners LP, Landmark Iam Growth Capital LP, Flaster Greenberg, P.C. and Noble Opportunity Fund II L.P. The Debtor believes that as to the judgment lienholders, their liens will be declared void pursuant to the Motion to Void Judicial Liens that he's filed. While he doesn't believe that applicable non-bankruptcy law permits the sale of the property free and clear of the second mortgage on the property, that creditor also has a first mortgage for the same amount on a property that his wife and he own as tenants by the entirety in Vero Beach, Florida. The Debtor believes that the second mortgage holder, 2EE, will agree to satisfy its mortgage on the property so that he can give good title to the Buyers. The Bank of America mortgage is a lien, and the price at which the property is being sold is greater than the amount due and owing to Bank of America, and they can be paid in full of the proceeds of settlement. None of the liens are in in dispute, but the judgment liens are going to be void, he believes, and the second mortgage will consent to release their lien on the property. The material terms of the proposed sale are: (A) A description of the property to be sold - 810 Joshua Court, Moorestown, New Jersey 08057; (B) The date, time and place of sale - June 28, 2019 at a time to be fixed by the parties to the sale, and at the office of the Buyers' closing agent or such other place as the Seller and the Buyers may agree; (C) The purchase price - $825,000; (D) Conditions of sale - The Buyers obtaining a mortgage commitment and such other conditions as are set forth in the Agreement of Sale; (E) Deadline for Approval or Closing of Sale - June 28, 2019; (F) Deposit requirement and conditions under which deposit may be forfeited - $10,000 initial deposit; mortgage of $733,500; balance of purchase price $81,500; under contract of sale must sue for breach; (G) A request for a tax determination under § 1146 of the Bankruptcy Code – N/A; (H) An identification of the entity that will retain or have access to the Debtor's books and records, if the proposed sale is of substantially all the Debtor's assets – N/A; (I) An identification of any executory contract or unexpired lease to be assumed and assigned under Section 365 of the Bankruptcy Code – N/A; (J) A provision regarding credit bidding under Section 363(k) of the Bankruptcy Code – N/A; and (K) A broker's or sales agent's anticipated fee or commission - $24,750 to Weichert Realtors and $19,750 to Lenny, Vermaat & Leonard. The Debtor asks the Court to enter an Order permitting him to sell his interest in the property free and clear of all lien and encumbrances, with the proviso that he pays from the proceeds of sale such sufficient amounts to pay the Bank of America mortgage in full, to pay all ordinary and necessary closing costs, to pay the realtors' commissions from the proceeds of sale, and subject to obtaining from the second mortgage holder a consensual satisfaction of the mortgage on the property. A copy of the Contract attached to the Motion is available for free at: http://bankrupt.com/misc/Ronald_Brodie_6_Sales.pdf Ronald Brodie sought Chapter 11 protection (Bankr. D.N.J. Case No. 19-21672) on June 11, 2019. The Debtor tapped David A. Kasen, Esq., at Kasen & Kasen as counsel. RUBIO & ASSOCIATES: Gets Court Approval to Hire Accountant ---------------------------------------------------------- Rubio & Associates, LLC, received approval from the U.S. Bankruptcy Court for the Southern District of West Virginia to hire John Stroud Jr. as its accountant. Mr. Stroud, a certified public accountant, will provide the Debtor with these services: a. assist in filing of monthly operating reports; b. provide tax account services; c. reconcile bookkeeping mismanaged by former employee; d. assist with financial projections for the Debtor's plan of reorganization; and e. analyze certain business functions on a cost accounting basis. The Debtor will pay the accountant an hourly fee of $150. Mr. Stroud is "disinterested" as defined in Section 101(14) of the Bankruptcy Code, according to court filings. About Rubio & Associates LLC Based in West Virginia, Rubio & Associates, LLC, which conducts business under the name Imagine Medispa, provides medical weight loss and skin care treatments. The company opened its first location in Beckley, W.Va. in August 1996. Over the next 20 years, the company opened five additional locations in Charleston (Imagine Medispa -- Charleston and Spa Bliss), Princeton, Ronceverte, and Barboursville. The company also offers non-surgical aesthetic skin care and laser hair removal. Rubio & Associates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. W.Va. Case No. 19-20148) on April 8, 2019. At the time of the filing, the Debtor disclosed $2,082,500 in assets and $965,000 in liabilities. The case is assigned to Judge Frank W. Volk. Kavitz Law PLLC is the Debtor's bankruptcy counsel. The Office of the U.S. Trustee appointed a committee of unsecured creditors on May 1, 2019. The committee is represented by Reynolds Legal Services PLLC. SCHRAD LTD: Allowed to Use Cash to Fund Insurance Premiums ---------------------------------------------------------- The Hon. Ronald B. King of the U.S. Bankruptcy Court for the Western District of Texas has entered an interim order authorizing Schrad LTD to use the cash collateral of Schertz Bank & Trust through Dec. 15, 2019. The Debtor is authorized to use cash solely for the purpose of funding utility and insurance premium payments while the Real Property is being marketed. The projected utility and insurance costs are as follows: $1,100 (estimated) for utilities service, $1,500 for insurance. Schertz Bank & Trust has two claims from two loans with balances which total approximately $1,067,000 as of the Petition Date. Schertz Bank is granted a valid, perfected and enforceable first priority and senior security interest in and upon all of the presently existing and hereafter acquired or arising property of the Debtor and the Debtor's bankruptcy estate, in accordance with and based upon the validity and extent of its pre-petition liens which are, based upon the terms of the pre-petition Loan Agreements, having priority over all other creditors, in and upon all of the presently existing and hereafter acquired or arising property of the Debtor and the Debtor's bankruptcy estate. A copy of the Interim Order is available for free at http://bankrupt.com/misc/txwb19-51331-25.pdf About Schrad LTD Schrad LTD sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 19-51331) on June 3, 2019. In the petition signed by James E. Schrad, president, the Debtor estimated assets and liabilities of less than $50,000. The Debtor is represented by: Michael J. O'Connor, Esq. at the Law Office Of Michael J. O'Connor. SENIOR CARE: Hearing on Disclosure Statement Moved to July 30 ------------------------------------------------------------- The hearing to approve Disclosure Statement explaining the Chapter 11 Plan of Senior Care Centers, LLC, et al., will be held before the Honorable Stacey G. C. Jernigan, United States Bankruptcy Judge, United States Bankruptcy Court for the Northern District of Texas, Earle Cabell Federal Building, 1100 Commerce Street, 14th Floor, Courtroom No. 1, Dallas, Texas 7524 on July 30, 2019 at 2:00 p.m. (prevailing Central Time), according to an amended notice filed with the Court. Parties wishing to file any objections or other responses to the Disclosure Statement Motion must do so before July 22, 2019 at 4:00 p.m. (prevailing Central Time). 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; Sitrik and Company as communications consultant; and Omni Management Group, Inc. as claims, noticing, and administrative agent. On Dec. 14, 2018, the Office of the United States Trustee appointed an official committee of unsecured creditors in the Chapter 11 cases. The committee tapped Greenberg Traurig, LLP, as counsel, and FTI Consulting, Inc., as its financial advisor. SENIOR CARE: July 30 Hearing on Disclosure Statement ---------------------------------------------------- The Bankruptcy Court issued an amended notice providing that the hearing to consider the adequacy of the disclosure statement explaining the Chapter 11 Plan filed by Senior Care Centers, LLC, will be held in United States Bankruptcy Court for the Northern District of Texas, Earle Cabell Federal Building, 1100 Commerce Street, 14th Floor, Courtroom No. 1, Dallas, Texas 7524 on July 30, 2019 at 1:30 p.m. (prevailing Central Time). Parties wishing to file any objections or other responses to the Disclosure Statement Motion must do so before July 22, 2019 at 4:00 p.m. (prevailing Central Time). 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; Sitrik and Company as communications consultant; and Omni Management Group, Inc. as claims, noticing, and administrative agent. On Dec. 14, 2018, the Office of the United States Trustee appointed an official committee of unsecured creditors in the Chapter 11 cases. The committee tapped Greenberg Traurig, LLP, as counsel, and FTI Consulting, Inc., as its financial advisor. SOUTHCROSS ENERGY: Selling 4 Compressor Stations for $952K ---------------------------------------------------------- Southcross Energy Partners, L.P., and its debtor-affiliates filed with the U.S. Bankruptcy Court for the District of Delaware a notice of their sale of de minimis assets, comprised of compressor stations (x4), and associated equipment owned by Southcross Alabama Pipeline, LLC. The purchasers are Urban Fund II, LP and Urban Oil and Gas Partners B-1, LP, for a purchase price and commisssions of $952,302. A copy of the Appendix A attached to the Notice is available for free at: http://bankrupt.com/misc/Southcross_Energy_221_Sales.pdf About Southcross Energy Partners Southcross Energy Partners, L.P. -- http://www.southcrossenergy.com/-- is a publicly traded company that provides midstream services to natural gas producers and customers, including natural gas gathering, processing, treatment and compression, and access to natural gas liquid (NGL) fractionation and transportation services. It also purchases and sells natural gas and NGLs. Its assets are located in South Texas, Mississippi and Alabama, and include two cryogenic gas processing plants, a fractionation facility and approximately 3,100 miles of pipeline. The South Texas assets are located in or near the Eagle Ford shale region. Southcross Energy is headquartered in Dallas, Texas. Southcross Energy Partners and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-10702) on April 1, 2019. The Debtors disclosed total assets of $610.4 million and total liabilities of $614.3 million as of April 1, 2019. The cases are assigned to Judge Mary F. Walrath. The Debtors tapped Davis Polk & Wardwell LLP as bankruptcy counsel; Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel; Alvarez & Marsal as financial advisor; Evercore Group LLC as investment banker; and Kurtzman Carson Consultants LLC as notice and claims agent and administrative advisor. ST. JUDE NURSING: Livonia Healthcare Buying Livonia Property ------------------------------------------------------------ St. Jude Nursing Center, Inc., asks the U.S. Bankruptcy Court for the Eastern District of Michigan to authorize the private sale of the real property commonly known as 34350 Ann Arbor Trail, Livonia, Michigan, together with all improvements located thereon and all rights and appurtenances thereto, to Livonia Healthcare Real Estate, LLC for a purchase price equal to all real property taxes then due and owing against the Property, subject to higher and better offers. On April 11, 2019, the Court entered the Order: Authorizing Sale of Certain Assets of Debtor to Livonia Operating SNF, LLC and Granting Related Relief. The Sale Order requires the Debtor to file the Motion for the sale of its Real Estate to Livonia, or such other entity that submits the highest and best offer, for the sum of not less than the outstanding and past due real property taxes on the Real Estate. The Sale Order expressly provides that the Debtor is not required to conduct further marketing of the Real Estate, retain a broker, or otherwise conduct a formal auction. It provides that the closing of the sale of the Real Estate will occur not later than July 15, 2019. The Debtor has obtained a formal offer for the purchase of the Real Estate from Livonia HRE, an assignee of Asset Purchaser, for a purchase price equal to the sum of all real property taxes due and owing on the Real Estate as of the Closing Date, plus any applicable costs of sale. As previously disclosed to the Court on the record, the facility located upon the Real Estate does not meet current federal and state regulations for the operation of a skilled nursing facility. Additionally, the facility is believed to contain asbestos materials that will require a substantial and costly process for its removal upon either a complete renovation or tear-down of the facility. As such, the Real Estate is not believed to have any value above the outstanding real property taxes to any other third party other than Livonia HRE. Notwithstanding the foregoing, Livonia HRE's offer remains subject to higher and better bids until entry of an order authorizing the sale of the Real Estate to Livonia HRE. If the Debtor receives any other offer for the sale of the Real Estate before entry of an order authorizing the sale to Livonia HRE, it will immediately notify all parties-in-interest by (i) filing a notice of such offer with the Court and its initial determination of whether the offer is a higher and better offer and (ii) if a hearing has not already been set to consider this Motion, requesting a hearing at which the alternative bidder and any other parties-in-interest may be heard. Only if it determines that at least one alternative bid is a higher and better offer, the Debtor will schedule an auction to occur at its offices to occur, if reasonably possible, before the date of the hearing on the Motion, and will provide notice of the auction (i) to Livonia HRE and the alternative bidder(s) by email and (ii) to all other parties-in-interest by filing a notice with this Court. To the extent the Debtor receives a higher and better offer for the Real Estate from a third party, pursuant to Paragraph 30 of the Sale Order, Livonia HRE (as assignee of Asset Purchaser) will be entitled to credit bid all or any portion of the secured claim granted to Asset Purchaser under the Sale Order as an increase in the purchase price for the Real Estate. A public auction is also unnecessary because the proposed sale of the Real Estate will pay a substantial secured debt owed by the Debtor's estate, and the Debtor and its owner have concluded, in their professional opinions and after consideration of prior marketing efforts, that that there is a high degree of certainty that the proposed sale to Livonia HRE will provide the highest and best value for the estate within the limited time constraints afforded the Debtor. Furthermore, each of the Debtor's secured creditors have consented to the general terms of the relief requested on account of their express approval of the Sale Order. The Debtor respectfully submits that the sale of the Real Estate free and clear of liens, claims, encumbrances and interests satisfies the statutory prerequisites of section 363(f) of the Bankruptcy Code and should be approved. Pursuant to Bankruptcy Rule 6004(h) an order authorizing the sale of property is stayed for 14 days after the entry of the order unless the Court orders otherwise. The Debtor asks that the Court orders that such stay not apply with respect to the sale of the Real Estate. A copy of the Agreement attached to the Motion is available for free at: http://bankrupt.com/misc/St_Jude_Nursing_127_Sales.pdf About St. Jude Nursing St. Jude Nursing Center is a privately owned and licensed long-term skilled nursing facility located at 34350 Ann Arbor Trail, Livonia, Michigan 48150. The Facility consists of 64 licensed beds, located within the Debtor-owned facility. The Facility offers services such as skilled nursing care, hospice care, Alzheimer's and dementia patient care, physical rehabilitation, tracheal and enteral services, wound care, and short-term respite care. The Company previously sought bankruptcy protection on Feb. 18, 2016 (Bankr. E.D. Mich. Case No. 16-42116) and Feb. 22, 2012 (Bankr. E.D. Mich. Case No. 12-43956). St. Jude Nursing Center, Inc., filed a Chapter 11 petition (Bankr. E.D. Mich. Case No. 18-54906) on Nov. 2, 2018, and is represented by Jeffrey S. Grasl, Esq., in Farmington Hills, Michigan. In the petition signed by Bradley Mali, president, the Debtor estimated $500,000 to $1 million in assets, and $1 million to $10 million in liabilities as of the bankruptcy filing. ST. JUDE NURSING: MUIA Objection to Livonia Property Sale Resolved ------------------------------------------------------------------ Judge Thomas J. Tucker of the U.S. Bankruptcy Court for the Eastern District of Michigan has issued an order resolving Michigan Unemployment Insurance Agency (MUIA")'s objection to St. Jude Nursing Center, Inc.'s private sale of the real property commonly known as 34350 Ann Arbor Trail, Livonia, Michigan, together with all improvements located thereon and all rights and appurtenances thereto, to Livonia Healthcare Real Estate, LLC for a purchase price equal to all real property taxes then due and owing against the Property, subject to higher and better offers. Any Order entered with respect to the Debtor's motion entitled "Motion for Entry of Order Authorizing Sale of Real Property to Livonia Healthcare Real Estate, LLC," filed May 21, 2019, must contain the following language: "Nothing in the order approving this sale will be construed to alter the statutory authority of the State of Michigan, Unemployment Insurance Agency to determine successor tax liability for the tax rate only under the Michigan Employment Security Act ("MESA"). This sale order, including all of its terms, provisions and exhibits, will not waive or discharge any liability or obligations that the Debtor may have to the State of Michigan under the MESA." The objection of the MUIA to the Real Estate Sale Motion, filed June 11, 2019, is withdrawn. The entry of the Order resolves all known and pending objections with respect to the Real Estate Sale Motion. About St. Jude Nursing St. Jude Nursing Center is a privately owned and licensed long-term skilled nursing facility located at 34350 Ann Arbor Trail, Livonia, Michigan 48150. The Facility consists of 64 licensed beds, located within the Debtor-owned facility. The Facility offers services such as skilled nursing care, hospice care, Alzheimer's and dementia patient care, physical rehabilitation, tracheal and enteral services, wound care, and short-term respite care. The Company previously sought bankruptcy protection on Feb. 18, 2016 (Bankr. E.D. Mich. Case No. 16-42116) and Feb. 22, 2012 (Bankr. E.D. Mich. Case No. 12-43956). St. Jude Nursing Center, Inc., filed a Chapter 11 petition (Bankr. E.D. Mich. Case No. 18-54906) on Nov. 2, 2018, and is represented by Jeffrey S. Grasl, Esq., in Farmington Hills, Michigan. In the petition signed by Bradley Mali, president, the Debtor estimated $500,000 to $1 million in assets, and $1 million to $10 million in liabilities as of the bankruptcy filing. STANLEY L. DISTEFANO: Trustee Intends to Abandon Menands Property ----------------------------------------------------------------- Douglas J. Wolinsky, the Chapter 11 Trustee of Stanley Lawrence DiStefano, filed with the U.S. Bankruptcy Court for the Northern District of New York a notice of his intent to and will abandon the real property commonly known as 10 Sage Estate, Menands, New York. The Trustee intends to abandon the property because it is burdensome and of inconsequential value to the estate due to, among other factors, that the Trustee, and the Debtor before him, have been attempting to sell the property and have not received any offers in an amount sufficient to pay the mortgage lien on the property. The sale efforts have been proceeding since 2016. Objections and requests for a hearing before the Bankruptcy Judge, if any, as to the proposed abandonment must be filed within 14 days of service of the notice. Any objections untimely filed and served will be deemed waived. In the event no papers in opposition are filed and no request for a hearing is made, an order will be submitted to the Court approving the abandonment. The case is In re Stanley Lawrence DiStefano, (Bankr. E.D.N.Y. Case No. 16-10694). The case was commenced by way of an involuntary chapter 7 petition filed against Debtor on April 20, 2016 by Petitioning Creditor Janice M. DiStefano. On June 12, 2017, the Debtor moved to convert the case from a chapter 7 to a chapter 11 which was granted via an order entered on July 6, 2017. STEM HOLDINGS: Closes Acquisition of Marijuana Producer Yerba ------------------------------------------------------------- Stem Holdings, Inc. received on June 28, 2019, regulatory approval from the Oregon Liquor Control Commission and closed the previously-announced acquisition of Yerba Buena Oregon, LLC. Stem and Yerba entered into an asset purchase agreement on Oct. 8, 2018, which provided for Stem to purchase certain assets and assume certain liabilities of Yerba for a total purchase price comprising (a) the greater of $1,930,581 and 90% of Yerba's 2018 EBITDA multiplied by 5; plus (b) the greater of $2,862,431 and 75% of Yerba's 2019 EBITDA multiplied by 2.5. Yerba is a wholesale producer of recreational marijuana flower, by-product and pre-roll product in the state of Oregon. Yerba operates a cultivation facility equipped with an in-house genetics program and a cannabis library consisting of a few hundred strains. Under the terms of the definitive agreement, Stem paid Yerba (i) $350,000 in cash; (ii) entered into a $400,000 non-negotiable promissory note and (iii) will issue $3.86 million worth of Stem common shares to be issued in two tranches, with $1.58 million worth of shares issued at closing at the then prevailing market price and $2.28 million worth of shares to be issued July 2019 at the then prevailing market price. About Stem Holdings Headquartered in Boca Raton, Florida, Stem Holdings, Inc. -- http://www.stemholdings.com/-- is a multi state operator, vertically integrated cannabis company with state-of-the-art, growing, cultivation, processing, extraction, retail, and distribution operations. Stem markets its 14 leading brands through its own retail cannabis properties and to other recognized cannabis operators. Stem incurred a net loss of $7.86 million for the fiscal year ended Sept. 30, 2019, compared to a net loss of $2.74 million for the fiscal year ended Sept. 30, 2017. As of March 31, 2019, the Company had $37.97 million in total assets, $7.57 million in total liabilities, and $30.39 million in total equity. LJ Soldinger Associates, LLC, in Deer Park, IL, the Company's auditor since 2016, issued a "going concern" qualification in its report dated Jan. 14, 2019, on the Company's consolidated financial statements for the year ended Sept. 30, 2018, citing that the Company and its affiliates, in the upcoming year, are expected to begin engaging in the production and sale of cannabis and related products, an activity that is illegal under United States Federal law for any purpose, by way of Title II of the Comprehensive Drug Abuse Prevention and Control Act of 1970, otherwise known as the Controlled Substances Act of 1970. This fact raises substantial doubt as to the Company's ability to continue as a going concern. SUNPLAY POOLS: Aug. 20 Plan Confirmation Hearing ------------------------------------------------ The Disclosure Statement explaining the Chapter 11 Plan of SunPlay Pools And Spas Superstore, Inc., a Utah Corporation, is approved. The hearing to consider confirmation of the Plan is scheduled for August 20, 2019 at 10:00 a.m., at the United States Bankruptcy Court at 350 South Main Street. Any objection to confirmation of the Plan must be filed and served no later than 4:00 p.m. Mountain Time on the Voting Deadline (i.e. July 30, 2019). About SunPlay Pools and Spas Superstore Inc. Founded in 1967, SunPlay Pools and Spas Superstore, Inc. -- https://www.sunplay.com/ -- operates a retail store offering pool and spa supplies, equipment, chemicals, parts and services. It has been transitioning to serve customers everywhere via its online sales department at Sunplay.com and HotTubWarehouse.com. SunPlay Pools and Spas Superstore sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Utah Case No. 18-27417) on Oct. 4, 2018. In the petition signed by John A. Olson, president, the Debtor disclosed $692,093 in assets and $2,571,463 in liabilities. Judge Joel T. Marker oversees the case. The Debtor tapped The Fox Law Corporation as its lead bankruptcy counsel; and Cohne Kinghorn, PC, as its local bankruptcy counsel. TENDER LOVING HOME: Seeks to Hire Calaiaro Valencik as Counsel -------------------------------------------------------------- Tender Loving Home Health Care, Inc. seeks authority from the U.S. Bankruptcy Court for the Western District of Pennsylvania to employ Calaiaro Valencik as its legal counsel. The firm will provide these services in connection with the Debtor's Chapter 11 case: (a) advise the Debtor of its rights and obligations during its reorganization; (b) advise the Debtor regarding possible preference actions; (c) represent the Debtor in relation to any motions to convert or dismiss its bankruptcy case; (d) represent the Debtor in relation to any motions for relief from stay filed by creditors; (e) prepare a plan of reorganization and disclosure statement; and (f) prepare any objection to claims in the Chapter 11. The firm charges these hourly fees: Donald Calaiaro $395 David Valencik $350 Associate Attorney $300 Paralegal $100 Donald Calaiaro, Esq., at Calaiaro Valencik, received an initial payment of $7,500, plus the filing fee. The retainer for this case is $2,700. Calaiaro Valencik and its attorneys are "disinterested" as defined in Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: David Z. Valencik, Esq. Donald R. Calaiaro, Esq. Calaiaro Valencik 428 Forbes Avenue, Suite 900 Pittsburgh, PA 15219-1621 Tel: (412) 232-0930 Email: dcalaiaro@c-vlaw.com dvalencik@c-vlaw.com About Tender Loving Home Health Care Inc. Tender Loving Home Health Care, Inc. operates a home health care business in which the majority of the revenue comes from operating group homes for individuals who need assisted living. Tender Loving Home Health Care filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 19-22486) on June 21, 2019. It previously sought bankruptcy protection on Oct. 14, 2015 (Bankr. W.D. Pa. Case No. 15-23759). In the petition signed by Reid A. Bromwell, chairman of the Board of Directors, the Debtor estimated $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. The case is assigned to Judge Gregory L. Taddonio. Donald R. Calaiaro, Esq., at Calaiaro Valencik is the Debtor's counsel. TERRAVISTA PARTNERS: Aug. 1 Plan Confirmation Hearing ----------------------------------------------------- The First Amended Disclosure Statement explaining the First Amended Chapter 11 Plan filed by Terravista Partners - Hidden Village, Ltd., is approved. The hearing on the confirmation of the Debtor's Plan will be at the U.S. Bankruptcy Court, Courtroom No. 3, 5th Floor, 615 E. Houston St., San Antonio, Texas 78205, on August 1, 2019 at 9:30 a.m. July 22, 2019 at 5:00 P.M. (CST) is the deadline for filing and serving written objections to the confirmation of the Plan. A full-text copy of the Amended Disclosure Statement is available for free at https://tinyurl.com/y5nopupl from PacerMonitor.com at no charge. About Terravista Partners Terravista Partners - Hidden Village, Ltd. conducts business under the names Hidden Village Apartments and Hidden Village Apartment Homes. It is a real estate lessor headquartered in San Antonio, Texas. Terravista Partners filed a Chapter 11 petition (Bankr. W.D. Tex. Case No. 18-52901) on Dec. 4, 2018. The petition was signed by Philip W. Stewart, president of Terravista - Hidden Village Corporation. At the time of the filing, the Debtor had estimated assets and liabilities of between $1 million and $10 million. The case has been assigned to Judge Craig A. Gargotta. The Debtor is represented by the Law Offices of William B. Kingman, P.C. Four affiliates Terravista Partners - Pecan Manor, Ltd., aka The Villas of Pecan Manor (Case No. 19-51100), Terravista Partners - Roselawn, Ltd., aka Roselawn Apartment (Case No. 19-51101), Terravista Partners - Spanish Spur, Ltd., aka Spanish Spur Apartments (Case No. 19-51104), and Terravista Partners - Westwood, Ltd., aka Westwood Plaza Apartments (Case No. 19-51105) on May 6, 2019. TRAILSIDE LODGING: Amends Definition of Releases in New Plan ------------------------------------------------------------ Trailside Lodging, LP, filed a second amended Chapter 11 plan and accompanying disclosure statement to modify the definition of "releases." The new Plan defines "Releases" as: Collectively the Debtor, the Reorganized Debtor and its equity holders, Morgan, NED, any person/party providing "new value" under the Plan, TRF, and each of their respective officers, directors, employees, advisors, attorneys, professionals, accountants, consultants, agents, and other representatives (including their respective officers, directors, employees, members, and professionals. For purposes of clarity and avoidance of doubt, Holders of Partnership Interests in the Debtor are not included in this definition of Releasees unless specifically identified herein or in Paragraph 6.1 of the Plan. All proceeds from the Sale will be disbursed according to the priority provisions of the Bankruptcy Code. Additionally, payments will be made: (i) the contribution of new value by NED in accordance with the Amended Plan; (ii) the proceeds of any Actions commenced by the Debtor or the Reorganized Debtor, as the case may be; and (iii) the net profits after taxes for each calendar year after the Effective Date of the Amended Plan. A full-text copy of the Second Amended Disclosure Statement dated June 26, 2019, is available at http://tinyurl.com/y67t4lacfrom PacerMonitor.com at no charge. Counsel for Trailside Lodging, L.P., are Daniel R. Schimizzi, Esq., Michael J. Roeschenthaler, Esq., and Kelly E. McCauley, Esq., at Whiteford, Taylor & Preston, LLP, Pittsburgh, Pennsylvania. About Trailside Lodging Trailside Lodging, LP, based in Pittsburgh, PA, filed a Chapter 11 petition (Bankr. W.D. Pa. Case No. 19-20524) on February 10, 2019. The Hon. Thomas P. Agresti oversees the case. In the petition signed by Nathan Morgan, member, the Debtor estimated $1 million to $10 million in assets and $500,000 to $1 million in liabilities. The Debtor hired Whiteford Taylor & Preston, LLP, as counsel. TRES AMIGOS: Seeks to Hire Raymond Aab as Bankruptcy Attorney ------------------------------------------------------------- Tres Amigos Corp. seeks authority from the U.S. Bankruptcy Court for the Southern District of New York to hire an attorney in connection with its Chapter 11 case. The Debtor proposes to employ Raymond Aab, Esq., an attorney based in New York, and pay him an hourly fee of $475 for his services. The attorney received a retainer of $15,000, including the filing fee. Mr. Aab disclosed in court filings that he has no connection with the Debtor, creditors or any other party in interest, and has no interest adverse to the Debtor's estate. Mr. Aab maintains an office at: Raymond J. Aab, Esq. 61 Broadway, Suite 2500 New York, NY 10006 Phone: (917) 551-1300 Fax : (917) 551-0030 Email: rja120@msn.com About Tres Amigos Corp. Tres Amigos Corp. operates a Mexican restaurant in New York. It conducts business under the name La Pulperia 84 NYC. Tres Amigos filed a petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 19-10696) on March 15, 2019, listing under $1 million in both assets and liabilities. Raymond J. Aab, Esq., is the Debtor's legal counsel. UNITED HEATING: Voluntary Chapter 11 Case Summary ------------------------------------------------- Debtor: United Heating and Air Conditioning, LLC 8357 NW 28th Street Ankeny, IA 50023 Business Description: United Heating and Air Conditioning, LLC offers HVAC repairs, installation, and maintenance services. Chapter 7 Petition Date: May 2, 2019 Date Converted to Chapter 11: May 21, 2019 Court: United States Bankruptcy Court Southern District of Iowa (Des Moines) Case No.: 19-01006 Judge: Hon. Anita L. Shodeen Debtor's Counsel: Kenneth J Weiland, Jr., Esq. WEILAND LAW FIRM, P.C. 1414 12th St, Ste A Des Moines, IA 50314 Tel: (515) 419-1626 Email: weilandlaw@yahoo.com Estimated Assets: Unknown Estimated Liabilities: Unknown The Debtor sought and obtained the Court's order to convert its bankruptcy case from a Chapter 7 to a Chapter 11. At the time of Chapter 7 filing, the Debtor was working with its accountant to get its financial documentation organized so that the Debtor would be better prepared to file a Chapter 11. The Chapter 7 filing was completed to obtain immediate protection under the automatic stay from collection efforts in order to afford the Debtor more time to get its financial affairs in order. The Debtor said it has completed the initial overhaul of its financial documentation and is in a better position to file or convert to a Chapter 11. A full-text copy of the Motion to Convert to Chapter 11 Bankruptcy is available for free at: http://bankrupt.com/misc/iasb19-01006.pdf VERITY HEALTH: Selling All Assets of VMF's Medical Clinics for $30K ------------------------------------------------------------------- Verity Health System of California, Inc. ("VHS") and its affiliated debtors ask the U.S. Bankruptcy Court for the Central District of California to authorize their Asset Purchase Agreement with Dr. Matthew D. Mingrone, M.D., and Union Square Hearing, Inc., in connection with the private sale of all of the assets of Verity Medical Foundation ("VMF")'s medical clinics, located at (i) 2504 Samaritan Drive, Suite 20, San Jose, California and (ii) 450 Sutter Street, Suite 1404, San Francisco, California, for 30,000, plus the amount of any security deposits held by the lessors under the Leases or any equipment leases assumed. Debtor VMF, incorporated in 2011, is a medical foundation, exempt from (a) licensure under California Health & Safety Code Section 1206(l), and (b) federal income taxation as an organization described in section 501(c)(3) of the IRC. Until Jan. 31, 2019, VMF operated the two Clinics. The Clinics were operated pursuant to a Physician Employment Agreement between Doctor and non-debtor Verity Medical Group, P.C. ("VMG"). By separate agreement, VMG and Doctor entered an agreement for termination of the Physician Employment Agreement and agreements related thereto effective as of Jan. 31, 2019. Following Doctor's separation from its affiliation with VMG and the Sellers, he asks to purchase certain assets used in the continued operation of the Clinics. The APA provides that the Buyer will purchase the Purchased Assets of the Clinics, by way of private sale and subject to Bankruptcy Court approval. The Buyer intends to utilize the Purchased Assets in the continued operation of the Clinics. The principal terms of the APA are: a. VMF agrees to sell to the Buyer and the Buyer agrees to purchase the Purchased Assets located at the Clinics, and to enter into certain related agreements. The Purchased Assets include all furniture, fixtures, equipment, medical records and inventory of Seller located at the Clinics. The parties acknowledge that Purchased Assets will not include any accounts, notes or other amounts receivable or recorded or otherwise accrued by Seller prior to and as of the Closing Date as accounts, notes or other amounts receivable from payors, patients, physicians or any other Person (whether or not billed); b. The Buyer agrees to pay an aggregate purchase price for the Purchased Assets of $30,000, plus the amount of any security deposits held by the lessors under the Leases or any equipment leases assumed pursuant to the APA. The Purchase Price is held by VMF in the form of a certified check, and VMF will deposit the certified check upon Closing. c. The Buyer and VMG entered into an agreement for termination of that certain Physician Employment Agreement ("PEA"), dated Dec. 4, 2017, between Doctor and VMG without liability to the parties thereto, and (b) any other agreements between Buyer and Doctor, on the one hand, and any VHS affiliate, on the other hand, including all medical directorship agreements have been terminated by mutual agreement and without liability to the parties thereto, and the Terminated Agreements will therefore have no further force and effect. d. The Buyer and VMF have agreed to the Buyer's use and enjoyment of the Purchased Assets pending Court approval of the sale transaction. e. The parties acknowledge that Buyer is the lessee for the real property leases with (i) Rahmah Properties, LLC and (ii) Union Square Hearing as set forth in Exhibit C to the APA and that VMF has provided all the costs and expenses of the lessee under the Leases. The Buyer will remain the lessee on the Leases and will bear all costs and expenses of the Leases and further agrees to indemnify, defend and hold harmless VMF, VHS and their affiliates from and against any and all liabilities under of the Leases after the Closing Date. f. Any of the Clinics' employees who have accepted an offer of employment with the Buyer will be referred to as the "Hired Employees." All Hired Employees ceased to be employees of VMF or its affiliates as of the Execution Date. VMF will pay for all paid time off accrued by the Hired Employees prior to the Execution Date. The Buyer will provide all Hired Employees with substantially similar benefits as the Hired Employees received while employed by Seller immediately prior to the Execution Date. g. The Purchased Assets are sold free and clear of all liens, claims, encumbrances and interests. The Debtors exercised their sound business judgment in making a decision to sell the Purchased Assets to the Buyer in a private sale. They engaged in extensive, arms-length negotiations with the Buyer over the terms of the APA. The proceeds from the sale, while not large, will generate funds for the benefit of the estate. Moreover, the transactions that involve the voluntary termination of the Physician Employment Agreement between non-debtor VMG and Doctor, and which are ancillary to the sale, are part of a larger agreement that permit the Clinics to continue to operate uninterrupted. failure to consummate a sale of the Purchased Assets to the Buyer would result in virtually no return to the estates for the Purchased Assets given their limited value, and would result in additional costs associated with the removal of the Purchased Assets from the Clinics. A copy of the APA to the Motion is available for free at: http://bankrupt.com/misc/Verity_Health_2439_Sales.pdf A hearing on the Motion is set for June 19, 2019 at 10:00 a.m. Objections, if any, must be filed no later than 14 days before the date designated for the hearing. The Purchaser: COUNTY OF SANTA CLARA County of Santa Clara 70 West Hedding Street, 11th Floor San Jose, CA 95110 Attn: Jeffrey V. Smith, M.D., J.D. The Purchaser is represented by: James R. Williams, Esq. OFFICE OF THE COUNTY COUNSEL COUNTY OF SANTA CLARA 70 West Hedding Street, East Wing, 9th Floor San Jose, CA 95110 About Verity Health System Verity Health System -- https://www.verity.org/ -- operates as a non-profit health care system in the state of California, with approximately 1,680 inpatient beds, six active emergency rooms, a trauma center, and a host of medical specialties, including tertiary and quaternary care. Verity's two Southern California hospitals are St. Francis Medical Center in Lynwood and St. Vincent Medical Center in Los Angeles. In Northern California, O'Connor Hospital in San Jose, St. Louise Regional Hospital in Gilroy, Seton Medical Center in Daly City and Seton Coastside in Moss Beach are part of Verity Health. Verity Health also includes Verity Medical Foundation. With more than 100 primary care and specialty physicians, VMF offers medical, surgical and related healthcare services for people of all ages at community-based, multi-specialty clinics conveniently located in areas served by the Verity hospitals. Verity Health System was created in a transaction approved by California Attorney General Kamala Harris and completed in December 2015. Verity Health System of California, Inc., and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Lead Case No. 18-20151) on Aug. 31, 2018. In the petition signed by CEO Richard Adcock, Verity Health estimated assets of $500 million to $1 billion and liabilities of $500 million to $1 billion. Judge Ernest M. Robles oversees the cases. The Debtors tapped Dentons US LLP as their bankruptcy counsel; Berkeley Research Group, LLC, as financial advisor; Cain Brothers as investment banker; and Kurtzman Carson Consultants as claims agent. The official committee of unsecured creditors formed in the case retained Milbank, Tweed, Hadley & McCloy LLP as counsel. WESTMORELAND COAL: WMLP Debtors Selling Remaining Assets for $300M ------------------------------------------------------------------ Westmoreland Coal Co., and affiliates Westmoreland Resource Partners, LP ("WMLP") and its direct and indirect subsidiaries, ask the U.S. Bankruptcy Court for the Southern District of Texas to authorize WMLP Debtors to sell the mining properties and related assets owned by WMLP Debtor Westmoreland Kemmerer, LLC and Westmoreland Kemmerer Fee Coal Holdings, LLC to Kemmerer Operators, LLC for $300,000 credit bid. Following the WMLP Debtors' six-month marketing process, the Court approved the sale of the Kemmerer Assets to Western Coal Acquisition Partners, LLC. At that time, Western Coal was the only viable buyer for the Kemmerer Assets. While the WMLP Debtors' secured term loan lenders had submitted a bid by the bid deadline, the bid was contingent upon the WMLP Debtors' failing to close on the sale of the Kemmerer mine to Western Coal. As the parties approached the closing of the Western Coal sale transaction, it became apparent that Western Coal likely would not secure bonding to replace the bonds that Zurich American Insurance Co. had issued with respect to the Kemmerer mine until after the closing. However, the Prior Sale Order provided a mechanism whereby the sale could close before mining permits were transferred and replacement bonding was obtained. At the time, the closing of the sale of the Kemmerer Assets to Western Coal was likely the only alternative to liquidation, an outcome that would have negative consequences for the WMLP Debtors' estates, the hundreds of individuals who work at the Kemmerer mine, the WLB Purchaser and the reclamation of the Kemmerer mine. Based upon those factors, the WMLP Debtors considered closing the sale of the Kemmerer Assets to Western Coal before Western Coal secured replacement bonds, consistent with the Prior Sale Order. Subsequent events, however, caused the WMLP Debtors to pivot to the Credit Bid sale. Specifically, on March 20, 2019, the WLB Purchaser asserted for the first time that closing the sale of the Kemmerer Assets to Western Coal without a commitment for replacement bonds would be inconsistent with the Prior Sale Order and filed an adversary proceeding shortly thereafter asking interim injunctive relief to prevent the closing the sale of the Kemmerer Assets to Western Coal. While the testimony given in connection with the Adversary Proceeding did not alter the WMLP Debtors' views that closing the Western Coal transaction would not have violated the Prior Sale Order, subsequent positions taken by Zurich and other things caused the WMLP Debtors and the MLP Secured Lenders to reassess potential options with respect to the sale and transfer of the Kemmerer Assets. While the MLP Secured Lenders performed their due diligence on potential alternative transaction structures for the Purchased Assets, the deadline for the Western Coal transaction to close passed, and the Prior APA was terminated. Accordingly, the WMLP Debtors determined to pursue the Credit Bid sale. The Credit Bid Purchaser has an agreement in principle with an affiliate of North American Construction Group Ltd. to operate the Kemmerer mine and the related assets and is in discussions with various sureties to obtain replacement bonding in connection with the permanent transfer of operating permits from the WMLP Debtors to the Credit Bid Purchaser. The WMLP Debtors submit that the proposed Sale Transaction is the best path forward to consummate a going concern sale of the Kemmerer mine and the other Purchased Assets, and is in the best interests of the WMLP Debtors' estates and their creditors and other stakeholders. On Jan. 22, 2019, the WMLP Debtors filed a motion seeking to sell substantially all of the assets of Oxford Mining Co., LLC and certain of its subsidiaries, which consisted primarily of certain mines in Ohio and Kentucky and related assets, which sale the Court approved on Feb. 5, 2019. The sale of the Oxford Assets closed on Feb. 11, 2019. The Purchased Assets represent substantially all of the WMLP Debtors' remaining assets. The Credit Bid APA includes certain closing conditions, which the WMLP Debtors and Credit Bid Purchaser and their respective advisors are working cooperatively and expeditiously to achieve and, based on substantial progress to date, are optimistic that the conditions will be satisfied prior to the closing of the Credit Bid sale. The relevant provisions of the Credit Bid APA are: a. Purchase Price: (i) A credit bid of a portion of the MLP Secured Obligations and Adequate Protection Obligations in the amount of not less than $300 million; and (ii) Assumption of the Assumed Liabilities, which include all reclamation obligations b. Deposit Amount: $2.5 million of secured obligations c. Reclamation and Environmental Liabilities: The Purchaser to assume all liabilities of the Sellers arising out of or relating to: (i) the Transferred Permits, including such Liabilities thereunder arising out of or relating to all Reclamation and post-mining Liabilities of the Business or the Purchased Kemmerer Assets; (ii) the Transferred Permits arising during the Interim Period (except for any Liabilities caused by any Seller); (iii) any mine operation or safety compliance matters related to the condition of the Purchased Kemmerer Assets or the mining areas of the Business; (iv) the Purchased Kemmerer Assets’ or the Business' compliance with Environmental Laws; and (v) any conditions arising from a spill, emission, release or disposal into the environment of, or human exposure to, hazardous materials resulting from the operation of the Business or Purchased Kemmerer Assets d. Other Assets/Liabilities: The Purchaser receives all assets that are related to the mining, processing, marketing and sale of thermal coal from the mining complexes commonly referred to as "Kemmerer" located in the State of Wyoming, including owned and leased real property, equipment and fixed assets, coal inventory, non-rejected contracts, the Transferred Permits, easements used in operation of the Business, claims under warranties/insurance policies/similar items, goodwill directly associated with the Purchased Assets, Documents, logos, Prepaid Expenses, cash collateral, cash and cash equivalents (less the Wind-Down Amount) and related intellectual property. The Purchaser assumes cure costs, Trade Payables, Transfer Taxes, Taxes related to the Purchased Kemmerer Assets, including Seller reimbursement obligations to WCC Purchaser due under the Transition Services Agreements. The Company retains the Wind-Down Amount and Documents prepared in connection with the APA. e. Other: The Purchaser is required to offer employment to all employees of the Kemmerer mining complex. The Credit Bid Purchaser, an assignee of the MLP Secured Parties, has credit bid $300 million of the secured debt obligations (including Adequate Protection Obligations. The WMLP Debtors' ask approval to sell the Purchased Assets free and clear of any and all liens, claims, interests and encumbrances. The assumption and assignment of certain Assigned Contracts is an integral component of the Sale Transaction. The WMLP Debtors' ask approval of their assumption and assignment of the Assigned Contracts. The Cure Costs for each counterparty will be the same as set forth in the assumption and assignment notice provided in connection with the Prior Sale Motion or reflect an updated amount resulting from an agreement between the WMLP Debtors and an applicable counterparty or some change in the WMLP Debtors' books and records. Finally, the WMLP Debtors ask that, upon entry of the Credit Bid Sale Order, the Court waives the 14-day stay requirements of Bankruptcy Rules 6004(h) and 6006(d). A copy of the Credit Bid APA attached to the Motion is available for free at: http://bankrupt.com/misc/Westmoreland_Coal_1863_Sales.pdf A hearing on the Motion is set for June 5, 2019, at 1:00 p.m. (PCT). Objections, if any, must be filed within 21 days from the date of Notice. About Westmoreland Coal Company Based in Englewood, Colorado, Westmoreland Coal Company (otcmkts:WLBA) -- http://www.westmoreland.com/-- is an independent coal company based in the United States. The Company produces and sells thermal coal primarily to investment grade utility customers under long-term, cost-protected contracts. Its focus is primarily on mine locations which allow it to employ dragline surface mining methods and take advantage of close customer proximity through mine-mouth power plants and strategically located rail transportation. At Dec. 31, 2017, the Company's U.S. coal operations were located in Montana, Wyoming, North Dakota, Texas, New Mexico and Ohio, and its Canadian coal operations were located in Alberta and Saskatchewan. The Company sold 49.7 million tons of coal in 2017. Westmoreland Coal reported a net loss applicable to common shareholders of $71.34 million for the year ended Dec. 31, 2017, a net loss applicable to common shareholders of $27.10 million for the year ended Dec. 31, 2016, and a net loss applicable to common stockholders of $213.6 million for the year ended Dec. 31, 2015. As of June 30, 2018, the Company had $1.45 billion in total assets, $2.14 billion in total liabilities and a total deficit of $686.2 million. Westmoreland Coal Company and 36 affiliates filed voluntary Chapter 11 petition (Bankr. S.D. Tex. Case No. 18-35672) on Oct. 9, 2018. The Debtors tapped Jackson Walker LLP and Kirkland & Ellis LLP and Kirkland & Ellis International LLP as their legal counsel; Centerview Partners LLC as financial advisor; Alvarez & Marsal North America, LLC as restructuring advisor; PricewaterhouseCoopers LLP as consultant; and Donlin, Recano & Company, Inc. as notice and claims agent. The Office of the U.S. Trustee appointed an official committee of unsecured creditors on Oct. 19, 2018. The Committee tapped Morrison & Foerster LLP and Cole Schotz P.C. as its legal counsel. Judge David Jones of the Bankruptcy Court for the Southern District of Texas on March 2, 2019, confirmed the Amended Joint Chapter 11 Plan of Westmoreland Coal Company, et al. Moreover, pursuant to the Confirmation Order, debtor Westmoreland Mining LLC is renamed to Old Westmoreland Mining LLC effective as of March 8, 2019. WHITE STAR: Seeks to Hire Alvarez & Marsal as Financial Advisor --------------------------------------------------------------- White Star Petroleum Holdings, LLC and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the Western District of Oklahoma to employ Alvarez & Marsal North America, LLC as their financial advisor. The firm will provide these services in connection with the Debtors' Chapter 11 cases: (a) assist the Debtors in the preparation of financial-related disclosures required by the court, including the Debtors' schedules of assets and liabilities, statements of financial affairs, and monthly operating reports; (b) analyze information required to obtain debtor-in-possession financing; (c) assist in the identification and implementation of short-term cash management procedures; (d) assist in the development and implementation of key employee compensation and other key employee benefit programs; (e) conduct cost/benefit evaluations with respect to the affirmation or rejection of the Debtors' executory contracts and leases; (f) assist the Debtors' management team and counsel focused on the coordination of resources related to the ongoing sales process; (g) assist in the preparation of financial information for distribution to creditors; (h) attend meetings and assist in discussions with potential investors, banks, secured lenders, official committees appointed in the Debtors' Chapter 11 cases and other parties in interest; (i) analyze creditor claims; (j) assist in the preparation of information and analysis necessary for the confirmation of a plan of reorganization; (k) assist in the evaluation and analysis of avoidance actions, including fraudulent conveyances and preferential transfers; (l) assist in the analysis and preparation of information necessary to assess the tax attributes related to the confirmation of a plan of reorganization; and (m) provide litigation advisory services with respect to accounting and tax matters if necessary, along with expert witness testimony on case-related issues as required by the Debtors. Alvarez & Marsal will be paid at these hourly rates: Managing Directors $875 - $1,100 Directors $675 - $850 Analysts/Associates $400 - $650 Case Management Managing Directors $825 - $950 Directors $650 - $800 Analysts/Associates $400 - $600 Ed Mosley, managing director of Alvarez & Marsal, disclosed in court filings that his firm is "disinterested" as defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Ed Mosley Alvarez & Marsal North America, LLC 2100 Ross Avenue, 21st Floor Dallas, TX 75201 Tel: +1 214 438 8481 / +1 214 438 1000 Fax: +1 214 438 1001 Email: emosley@alvarezandmarsal.com About White Star Petroleum Holdings White Star Petroleum Holdings, LLC and its subsidiaries -- http://www.wstr.com/-- are engaged in the acquisition, development, exploration and production of oil, natural gas and natural gas liquids located in the Mid-Continent region in the United States. The Debtors are headquartered in Oklahoma City and employ 169 people. As of December 2018, the Debtors owned 315,000 net leasehold acres, primarily in Creek, Dewey, Garfield, Lincoln, Logan, Noble, and Payne counties of Oklahoma. White Star Petroleum Holdings, LLC and its subsidiaries sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11179) on May 28, 2019. The cases were transferred to the U.S. Bankruptcy Court for the Western District of Oklahoma on June 21, 2019. White Star Petroleum Holdings' case was assigned a new case number (Case No. 19-12521). At the time of the filing, the Debtors estimated assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million. Judge Janice D. Loyd presides over the cases. The Debtors tapped Sullivan & Cromwell LLP as bankruptcy counsel; Morris, Nichols, Arsht & Tunnell LLP as Sullivan's co-counsel; Guggenheim Securities, LLC as investment banker; Alvarez & Marsal North America, LLC as restructuring advisor; and Kurtzman Carson Consultants LLC as claims and noticing agent. WHITE STAR: Seeks to Hire Gable & Gotwals as Special Counsel ------------------------------------------------------------ White Star Petroleum Holdings, LLC and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the Western District of Oklahoma to employ Gable & Gotwals, P.C. The Debtors will utilize the law firm as local and "conflicts" counsel or special counsel in case their lead bankruptcy counsel, Sullivan & Cromwell LLP, has a conflict or needs specific assistance. The hourly rates for Gable & Gotwals attorneys are: Brandon C. Bickle $325 Dale E. Cottingham $425 John D. Dale $400 Craig M. Regens $325 Mark D.G. Sanders $395 Sidney K. Swinson $425 Paraprofessionals charge between $125 per hour and $220 per hour. John Dale, Esq., a shareholder of Gable & Gotwals, disclosed in court filings that his firm is a "disinterested person" as defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: John D. Dale, OBA No. 19787 Sidney K. Swinson, OBA No. 8804 Mark D.G. Sanders, OBA No. 22922 Brandon C. Bickle, OBA No. 22064 Gable & Gotwals, P.C. 1100 ONEOK Plaza 100 West 5th Street Tulsa, OK 74103-4217 Phone: (918) 595-4800 Fax: (918) 595-4990 Email: jdale@gablelaw.com sswinson@gablelaw.com msanders@gablelaw.com bbickle@gablelaw.com About White Star Petroleum Holdings White Star Petroleum Holdings, LLC and its subsidiaries -- http://www.wstr.com/-- are engaged in the acquisition, development, exploration and production of oil, natural gas and natural gas liquids located in the Mid-Continent region in the United States. The Debtors are headquartered in Oklahoma City and employ 169 people. As of December 2018, the Debtors owned 315,000 net leasehold acres, primarily in Creek, Dewey, Garfield, Lincoln, Logan, Noble, and Payne counties of Oklahoma. White Star Petroleum Holdings, LLC and its subsidiaries sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11179) on May 28, 2019. The cases were transferred to the U.S. Bankruptcy Court for the Western District of Oklahoma on June 21, 2019. White Star Petroleum Holdings' case was assigned a new case number (Case No. 19-12521). At the time of the filing, the Debtors estimated assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million. Judge Janice D. Loyd presides over the cases. The Debtors tapped Sullivan & Cromwell LLP as bankruptcy counsel; Morris, Nichols, Arsht & Tunnell LLP as Sullivan's co-counsel; Guggenheim Securities, LLC as investment banker; Alvarez & Marsal North America, LLC as restructuring advisor; and Kurtzman Carson Consultants LLC as claims and noticing agent. WHITE STAR: Seeks to Hire Guggenheim as Investment Banker --------------------------------------------------------- White Star Petroleum Holdings, LLC, and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the Western District of Oklahoma to employ Guggenheim Securities, LLC as their investment banker. The firm will provide these services in connection with the Debtors' Chapter 11 cases: (a) review and analyze from a financial point of view the business, financial condition and prospects of the Debtors and any potential transaction counterparty; (b) evaluate the liabilities of the Debtors and their debt capacity; (c) review and consider from a financial point of view the various strategic and financial alternatives which may be available to the Debtors; (d) review and consider from a financial and, if applicable, capital markets point of view the potential benefits and other implications of any applicable transaction; (e) develop potential structures and terms for any applicable transaction; (f) develop and implement a strategy and tactics to effectuate any applicable transaction and provide financial advice and assistance to the Debtors in developing and seeking approval of the transaction; (g) prepare marketing or other materials concerning the Debtors and any applicable transaction for distribution and presentation to prospective transaction counterparties; (h) solicit and review proposals received from prospective transaction counterparties in connection with any applicable transaction; (i) negotiate any applicable transaction; and (j) participate in hearings before any applicable insolvency authority. Guggenheim Securities will be paid as follows: (a) Monthly Fees. The Debtors will pay Guggenheim Securities a non-refundable cash monthly fee of $150,000. (b) Sale Transaction Fee. Upon the occurrence of a sale transaction, the Debtors will pay Guggenheim Securities a cash fee of $4,500,000. (c) Restructuring Transaction Fee. Upon the occurrence of a restructuring transaction, the Debtors will pay Guggenheim Securities a cash fee of $4,500,000. (d) Financing Fees: (i) Upon the occurrence of a financing transaction, the Debtors will pay Guggenheim Securities one or more cash financing fees in an amount equal to the sum of: (A) 125 basis points (1.25 percent) of the aggregate face amount of any debt obligations to be issued or raised by the Debtors in any debt financing (including the face amount of any related commitments) that is secured by first priority liens over any portion of the Debtors' or any other person's assets, plus; (B) 300 basis points (3 percent) of the aggregate face amount of any debt obligations to be issued or raised by the Debtors in any debt financing (including the face amount of any related commitments) that is not covered by Section 4(d)(i)(A) of the engagement letter, plus; (C) 500 basis points (5 percent) of the aggregate amount of gross proceeds raised by the Debtors in any equity financing; plus (D) with respect to any other securities or indebtedness issued that is not otherwise covered by Sections 4(d)(i)(A) to 4(d)(i)(C) of the engagement letter, such financing fees, underwriting discounts, placement fees or other compensation as customary under the circumstances and mutually agreed in advance by the Debtors and Guggenheim Securities. Morgan Suckow, senior managing director of Guggenheim Securities, disclosed in court filings that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their estates. Guggenheim Securities can be reached at: Morgan Suckow Guggenheim Securities, LLC 330 Madison Avenue New York, NY 10017 Tel: (212) 739-0700 About White Star Petroleum Holdings White Star Petroleum Holdings, LLC and its subsidiaries -- http://www.wstr.com/-- are engaged in the acquisition, development, exploration and production of oil, natural gas and natural gas liquids located in the Mid-Continent region in the United States. The Debtors are headquartered in Oklahoma City and employ 169 people. As of December 2018, the Debtors owned 315,000 net leasehold acres, primarily in Creek, Dewey, Garfield, Lincoln, Logan, Noble, and Payne counties of Oklahoma. White Star Petroleum Holdings, LLC and its subsidiaries sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11179) on May 28, 2019. The cases were transferred to the U.S. Bankruptcy Court for the Western District of Oklahoma on June 21, 2019. White Star Petroleum Holdings' case was assigned a new case number (Case No. 19-12521). At the time of the filing, the Debtors estimated assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million. Judge Janice D. Loyd presides over the cases. The Debtors tapped Sullivan & Cromwell LLP as bankruptcy counsel; Morris, Nichols, Arsht & Tunnell LLP as Sullivan's co-counsel; Guggenheim Securities, LLC as investment banker; Alvarez & Marsal North America, LLC as restructuring advisor; and Kurtzman Carson Consultants LLC as claims and noticing agent. WHITE STAR: Seeks to Hire Kurtzman Carson as Administrative Advisor ------------------------------------------------------------------- White Star Petroleum Holdings, LLC, and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the Western District of Oklahoma to employ Kurtzman Carson Consultants LLC as administrative advisor. The firm will provide bankruptcy administrative services, which include the solicitation, balloting, tabulation and calculation of votes in connection with the Debtors' Chapter 11 plan, and the preparation of reports in support of the plan. The Debtors provided Kurtzman a retainer in the amount of $45,000. Robert Jordan, managing director of Kurtzman's Corporate Restructuring Services, disclosed in court filings that his firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert Jordan Kurtzman Carson Consultants LLC 2335 Alaska Avenue El Segundo, CA 90245 Tel: (310) 823-9000 About White Star Petroleum Holdings White Star Petroleum Holdings, LLC and its subsidiaries -- http://www.wstr.com/-- are engaged in the acquisition, development, exploration and production of oil, natural gas and natural gas liquids located in the Mid-Continent region in the United States. The Debtors are headquartered in Oklahoma City and employ 169 people. As of December 2018, the Debtors owned 315,000 net leasehold acres, primarily in Creek, Dewey, Garfield, Lincoln, Logan, Noble, and Payne counties of Oklahoma. White Star Petroleum Holdings, LLC and its subsidiaries sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11179) on May 28, 2019. The cases were transferred to the U.S. Bankruptcy Court for the Western District of Oklahoma on June 21, 2019. White Star Petroleum Holdings' case was assigned a new case number (Case No. 19-12521). At the time of the filing, the Debtors estimated assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million. Judge Janice D. Loyd presides over the cases. The Debtors tapped Sullivan & Cromwell LLP as bankruptcy counsel; Morris, Nichols, Arsht & Tunnell LLP as Sullivan's co-counsel; Guggenheim Securities, LLC as investment banker; Alvarez & Marsal North America, LLC as restructuring advisor; and Kurtzman Carson Consultants LLC as claims and noticing agent. WHITE STAR: Seeks to Hire Morris Nichols as Co-Counsel ------------------------------------------------------ White Star Petroleum Holdings, LLC and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the Western District of Oklahoma to employ Morris, Nichols, Arsht & Tunnell LLP. Morris Nichols will serve as co-counsel with Sullivan & Cromwell LLP, the other firm handling the Debtors' Chapter 11 cases. Morris Nichols's hourly rates are: Partners $675 – $1,100 Associates/Special Counsel $425 – $695 Paraprofessionals $280 – $325 Case Clerks $165 Derek Abbott, Esq., a partner at Morris Nichols, disclosed in court filings that his firm is "disinterested" as defined in Section 101(14) of the Bankruptcy Code. In accordance with Appendix B-Guidelines for reviewing fee applications filed by attorneys in larger Chapter 11 cases, Mr. Abbott disclosed that no Morris Nichols professional has varied his rate based on the geographic location of the Debtors' bankruptcy cases, and that for work performed for the Debtors in 2019, the firm's hourly rates were as follows: Partners $675 – $1,100 Associates and Special Counsel $425 – $695 Paraprofessionals $285 – $330 Case Clerks $165 The attorney also disclosed that Morris Nichols was hired by the Debtors in connection with the cases pursuant to an engagement agreement dated May 2, 2019, and that the material terms of the pre-bankruptcy agreement are the same as the terms currently proposed by the Debtors. The court has approved a budget on an interim basis for Morris' employment for the post-petition period, according to Mr. Abbott. Morris can be reached through: Derek C. Abbott, Esq. Morris, Nichols, Arsht & Tunnell LLP 1201 N. Market Street, 16th Floor Wilmington, DE 19801 Tel: (302) 658-9200 Fax: (302) 658-3989 E-mail: dabbott@mnat.com About White Star Petroleum Holdings White Star Petroleum Holdings, LLC and its subsidiaries -- http://www.wstr.com/-- are engaged in the acquisition, development, exploration and production of oil, natural gas and natural gas liquids located in the Mid-Continent region in the United States. The Debtors are headquartered in Oklahoma City and employ 169 people. As of December 2018, the Debtors owned 315,000 net leasehold acres, primarily in Creek, Dewey, Garfield, Lincoln, Logan, Noble, and Payne counties of Oklahoma. White Star Petroleum Holdings, LLC and its subsidiaries sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11179) on May 28, 2019. The cases were transferred to the U.S. Bankruptcy Court for the Western District of Oklahoma on June 21, 2019. White Star Petroleum Holdings' case was assigned a new case number (Case No. 19-12521). At the time of the filing, the Debtors estimated assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million. Judge Janice D. Loyd presides over the cases. The Debtors tapped Sullivan & Cromwell LLP as bankruptcy counsel; Morris, Nichols, Arsht & Tunnell LLP as Sullivan's co-counsel; Guggenheim Securities, LLC as investment banker; Alvarez & Marsal North America, LLC as restructuring advisor; and Kurtzman Carson Consultants LLC as claims and noticing agent. WHITE STAR: Seeks to Hire Sullivan & Cromwell as Legal Counsel -------------------------------------------------------------- White Star Petroleum Holdings, LLC and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the Western District of Oklahoma to employ Sullivan & Cromwell LLP as their legal counsel. The firm will provide these services in connection with the Debtors' Chapter 11 cases: a. advise the Debtors of their powers and duties under the Bankruptcy Code; b. attend meetings and negotiate with representatives of creditors and other parties-in-interest; c. assist with the preservation of the Debtors' estates, including the prosecution of actions commenced under the Bankruptcy Code or otherwise on their behalf, and objections to claims filed against the estates; d. prepare on behalf of the Debtors legal papers necessary for the administration of the estates; e. negotiate and prepare on the Debtors' behalf Chapter 11 plans, disclosure statements and all related agreements and documents; f. advise the Debtors with respect to any sale of assets and negotiate and prepare on their behalf all agreements related thereto; g. advise the Debtors with respect to certain corporate, financing and tax matters as requested by the Debtors and without duplication of other professionals' services; h. appear before the bankruptcy court, and any appellate courts, and protect the interests of the Debtors' estates before such courts; and i. perform all other legal services as requested by the Debtors and without duplication of other professionals' services. Sullivan & Cromwell will be paid at these hourly rates: Partners/Special Counsel $1,275 to $1,560 Associates $595 to $1,040 Legal Assistants $335 to $480 Sullivan & Cromwell will also be reimbursed for work-related expenses incurred. Andrew Dietderich, Esq., a partner at Sullivan & Cromwell, disclosed in court filings that his firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, and does not represent any person or entity having an interest adverse to the Debtors. In accordance with Appendix B-Guidelines for reviewing applications for compensation and reimbursement of expenses filed by attorneys in larger Chapter 11 cases, Mr. Dietderich disclosed that: -- the rates for the more senior timekeepers for each class of personnel represent a discount from the rates used by Sullivan & Cromwell when preparing estimates of fees under its normal billing practices for non-bankruptcy engagements; -- none of the professionals included in the engagement varies his rate based on the geographic location of the bankruptcy cases; -- prior to the petition date, in connection with general corporate matters, Sullivan & Cromwell performed services for the Debtors at hourly billing rates consistent with the firm's practice for non-bankruptcy engagements, which are higher than the firm's rates proposed to be charged during their bankruptcy cases, and prior to the petition date, the firm performed services for the Debtors at the same hourly rates as the rates proposed to be charged during their bankruptcy cases; -- the Debtors have approved Sullivan & Cromwell's budget and staffing plan for the period from the petition date to June 30, 2019, and the firm expects to submit for approval by the Debtors prospective budgets and staffing plans for the duration of their cases. Sullivan & Cromwell can be reached through: Andrew G. Dietderich, NY Bar 2850584 Brian D. Glueckstein, NY Bar 4227005 Alexa J. Kranzley, NY Bar 4707386 Sullivan & Cromwell LLP 125 Broad Street New York, NY 10004 Tel: (212) 558-4000 Fax: (212) 558-3588 Email: dietdericha@sullcrom.com gluecksteinb@sullcrom.com kranzleya@sullcrom.com About White Star Petroleum Holdings White Star Petroleum Holdings, LLC and its subsidiaries -- http://www.wstr.com/-- are engaged in the acquisition, development, exploration and production of oil, natural gas and natural gas liquids located in the Mid-Continent region in the United States. The Debtors are headquartered in Oklahoma City and employ 169 people. As of December 2018, the Debtors owned 315,000 net leasehold acres, primarily in Creek, Dewey, Garfield, Lincoln, Logan, Noble, and Payne counties of Oklahoma. White Star Petroleum Holdings, LLC and its subsidiaries sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11179) on May 28, 2019. The cases were transferred to the U.S. Bankruptcy Court for the Western District of Oklahoma on June 21, 2019. White Star Petroleum Holdings' case was assigned a new case number (Case No. 19-12521). At the time of the filing, the Debtors estimated assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million. Judge Janice D. Loyd presides over the cases. The Debtors tapped Sullivan & Cromwell LLP as bankruptcy counsel; Morris, Nichols, Arsht & Tunnell LLP as Sullivan's co-counsel; Guggenheim Securities, LLC as investment banker; Alvarez & Marsal North America, LLC as restructuring advisor; and Kurtzman Carson Consultants LLC as claims and noticing agent. WILSON LAND: Citizens Bank Objects to Disclosure Statement ---------------------------------------------------------- Citizens Bank, N.A., fka RBS Citizens, N.A. dba Charter One, objects to the Amended Disclosure Statement explaining the Amended Chapter 11 Plan of Wilson Land Properties, LLC. According to Citizens, a detailed liquidation analysis must be provided and an explanation of why liquidating the properties through a Plan is better than a liquidation through some other means. Citizens assert that the Amended Disclosure Statement offers no illumination on how the properties are to be marketed and sold. Citizens point out that the Debtor is retaining its ownership interest, but it is not investing any new value and unsecured creditors are not receiving any distribution. Citizens complain that the Plan provides no timeline for the sale of the properties nor does it identify the secured creditors' rights during that period of time prior to the sale of those properties. Counsel for Citizens Bank: Michael S. Tucker, Esq. ULMER & BERNE LLP 1660 West 2nd Street, Suite 1100 Cleveland, OH 44113-1448 Tel: (216) 583-7120 Fax: (216) 583-7121 Email: mtucker@ulmer.com About Wilson Land Properties Based in Mentor, Ohio, Wilson Land Properties, LLC, is the owner of 51 real estate properties having a total estimated value of $4.54 million. Wilson Land Properties, based in Mentor, OH, filed a Chapter 11 petition (Bankr. N.D. Ohio Case No. 18-10514) on Jan. 31, 2018. In the petition signed by Richard M Osborne, managing member, the Debtor disclosed $4.54 million in assets and $43.23 million in liabilities. The Hon. Arthur I. Harris oversees the case. Glenn E. Forbes, Esq., at Forbes Law LLC, serves as bankruptcy counsel to the Debtor. [^] BOND PRICING: For the Week from July 1 to 5, 2019 ----------------------------------------------------- Company Ticker Coupon Bid Price Maturity ------- ------ ------ --------- -------- Acosta Inc ACOSTA 7.750 16.003 10/1/2022 Acosta Inc ACOSTA 7.750 15.881 10/1/2022 Aegerion Pharmaceuticals Inc AEGR 2.000 70.000 8/15/2019 Approach Resources Inc AREX 7.000 25.248 6/15/2021 BPZ Resources Inc BPZR 6.500 3.017 3/1/2015 BPZ Resources Inc BPZR 6.500 3.017 3/1/2049 Bon-Ton Department Stores Inc/The BONT 8.000 10.500 6/15/2021 Bristow Group Inc BRS 6.250 22.875 10/15/2022 Bristow Group Inc BRS 4.500 23.000 6/1/2023 Cenveo Corp CVO 8.500 1.346 9/15/2022 Cenveo Corp CVO 8.500 1.346 9/15/2022 Cenveo Corp CVO 6.000 0.894 5/15/2024 Chukchansi Economic Development Authority CHUKCH 9.750 58.981 5/30/2020 Chukchansi Economic Development Authority CHUKCH 10.250 56.846 5/30/2020 Cloud Peak Energy Resources LLC / Cloud Peak Energy Finance Corp CLD 12.000 13.250 11/1/2021 Cloud Peak Energy Resources LLC / Cloud Peak Energy Finance Corp CLD 6.375 1.237 3/15/2024 DBP Holding Corp DBPHLD 7.750 1.650 10/15/2020 DBP Holding Corp DBPHLD 7.750 1.650 10/15/2020 DFC Finance Corp DLLR 10.500 67.125 6/15/2020 DFC Finance Corp DLLR 10.500 67.125 6/15/2020 Ditech Holding Corp DHCP 9.000 0.010 12/31/2024 EP Energy LLC / Everest Acquisition Finance Inc EPENEG 6.375 3.631 6/15/2023 EP Energy LLC / Everest Acquisition Finance Inc EPENEG 9.375 11.336 5/1/2020 EP Energy LLC / Everest Acquisition Finance Inc EPENEG 9.375 22.792 5/1/2024 EP Energy LLC / Everest Acquisition Finance Inc EPENEG 8.000 21.616 2/15/2025 EP Energy LLC / Everest Acquisition Finance Inc EPENEG 7.750 4.060 9/1/2022 EP Energy LLC / Everest Acquisition Finance Inc EPENEG 9.375 23.788 5/1/2024 EP Energy LLC / Everest Acquisition Finance Inc EPENEG 8.000 23.287 2/15/2025 EP Energy LLC / Everest Acquisition Finance Inc EPENEG 7.750 3.447 9/1/2022 EP Energy LLC / Everest Acquisition Finance Inc EPENEG 7.750 3.447 9/1/2022 EXCO Resources Inc XCOO 7.500 13.625 9/15/2018 EXCO Resources Inc XCOO 8.500 16.875 4/15/2022 Energy Conversion Devices Inc ENER 3.000 7.875 6/15/2013 Energy Future Intermediate Holding Co LLC / EFIH Finance Inc TXU 9.750 38.125 10/15/2019 Federal Farm Credit Banks FFCB 2.570 99.396 9/28/2021 Ferrellgas Partners LP / Ferrellgas Partners Finance Corp FGP 8.625 74.536 6/15/2020 Ferrellgas Partners LP / Ferrellgas Partners Finance Corp FGP 8.625 74.586 6/15/2020 Fleetwood Enterprises Inc FLTW 14.000 3.557 12/15/2011 Frontier Communications Corp FTR 8.500 81.256 4/15/2020 Goodman Networks Inc GOODNT 8.000 47.625 5/11/2022 High Ridge Brands Co HIRIDG 8.875 9.593 3/15/2025 High Ridge Brands Co HIRIDG 8.875 9.640 3/15/2025 Homer City Generation LP HOMCTY 8.137 38.750 10/1/2019 Hornbeck Offshore Services Inc HOS 5.000 53.102 3/1/2021 Hornbeck Offshore Services Inc HOS 5.875 62.569 4/1/2020 Hornbeck Offshore Services Inc HOS 1.500 91.750 9/1/2019 Iconix Brand Group Inc ICON 5.750 33.000 8/15/2023 Legacy Reserves LP / Legacy Reserves Finance Corp LGCY 8.000 3.690 12/1/2020 Legacy Reserves LP / Legacy Reserves Finance Corp LGCY 6.625 6.000 12/1/2021 Legacy Reserves LP / Legacy Reserves Finance Corp LGCY 8.000 3.500 9/20/2023 Lehman Brothers Inc LEH 7.500 1.847 8/1/2026 MF Global Holdings Ltd MF 9.000 14.750 6/20/2038 MF Global Holdings Ltd MF 6.750 14.782 8/8/2016 MModal Inc MODL 10.750 6.125 8/15/2020 Mashantucket Western Pequot Tribe MASHTU 7.350 16.250 7/1/2026 Murray Energy Corp MURREN 11.250 32.275 4/15/2021 Murray Energy Corp MURREN 9.500 31.250 12/5/2020 Murray Energy Corp MURREN 11.250 32.491 4/15/2021 Murray Energy Corp MURREN 9.500 31.250 12/5/2020 Neiman Marcus Group Ltd LLC NMG 8.000 70.000 10/15/2021 Neiman Marcus Group Ltd LLC NMG 8.000 52.045 10/15/2021 New Gulf Resources LLC/ NGR Finance Corp NGREFN 12.250 3.828 5/15/2019 Pernix Therapeutics Holdings Inc PTX 4.250 2.250 4/1/2021 Pernix Therapeutics Holdings Inc PTX 4.250 2.250 4/1/2021 Pioneer Energy Services Corp PES 6.125 45.168 3/15/2022 Powerwave Technologies Inc PWAV 3.875 0.155 10/1/2027 Powerwave Technologies Inc PWAV 1.875 0.155 11/15/2024 Powerwave Technologies Inc PWAV 3.875 0.155 10/1/2027 Powerwave Technologies Inc PWAV 1.875 0.155 11/15/2024 Renco Metals Inc RENCO 11.500 24.875 7/1/2003 Rolta LLC RLTAIN 10.750 8.640 5/16/2018 Sable Permian Resources Land LLC / AEPB Finance Corp AMEPER 7.125 22.089 11/1/2020 Sable Permian Resources Land LLC / AEPB Finance Corp AMEPER 7.375 11.034 11/1/2021 Sable Permian Resources Land LLC / AEPB Finance Corp AMEPER 8.000 66.000 6/15/2020 Sable Permian Resources Land LLC / AEPB Finance Corp AMEPER 7.125 23.289 11/1/2020 Sable Permian Resources Land LLC / AEPB Finance Corp AMEPER 8.000 72.250 6/15/2020 Sable Permian Resources Land LLC / AEPB Finance Corp AMEPER 7.375 13.900 11/1/2021 Sanchez Energy Corp SNEC 6.125 4.200 1/15/2023 Sanchez Energy Corp SNEC 7.750 5.767 6/15/2021 SandRidge Energy Inc SD 7.500 0.534 2/15/2023 Sears Roebuck Acceptance Corp SHLD 7.500 2.760 10/15/2027 Sears Roebuck Acceptance Corp SHLD 7.000 2.858 6/1/2032 Sears Roebuck Acceptance Corp SHLD 6.750 3.015 1/15/2028 Sears Roebuck Acceptance Corp SHLD 6.500 2.974 12/1/2028 Sempra Texas Holdings Corp TXU 5.550 13.500 11/15/2014 Talen Energy Supply LLC TLN 4.625 99.204 7/15/2019 Talen Energy Supply LLC TLN 4.625 99.204 7/15/2019 TerraVia Holdings Inc TVIA 6.000 4.644 2/1/2018 Toys R Us Inc TOY 7.375 3.000 10/15/2018 Transworld Systems Inc TSIACQ 9.500 25.862 8/15/2021 Transworld Systems Inc TSIACQ 9.500 25.862 8/15/2021 UCI International LLC UCII 8.625 4.780 2/15/2019 Ultra Resources Inc UPL 7.125 10.000 4/15/2025 Ultra Resources Inc UPL 6.875 11.000 4/15/2022 Ultra Resources Inc UPL 6.875 10.608 4/15/2022 Ultra Resources Inc UPL 7.125 13.000 4/15/2025 Vanguard Natural Resources Inc VNR 9.000 6.000 2/15/2024 Vanguard Natural Resources Inc VNR 9.000 6.000 2/15/2024 Voya Financial Inc VOYA 5.500 108.352 7/15/2022 Walter Energy Inc WLTG 8.500 0.834 4/15/2021 Walter Energy Inc WLTG 9.875 0.834 12/15/2020 Walter Energy Inc WLTG 9.875 0.834 12/15/2020 Walter Energy Inc WLTG 9.875 0.834 12/15/2020 Windstream Services LLC / Windstream Finance Corp WIN 7.500 29.500 6/1/2022 Windstream Services LLC / Windstream Finance Corp WIN 6.375 28.563 8/1/2023 Windstream Services LLC / Windstream Finance Corp WIN 6.375 31.500 8/1/2023 Windstream Services LLC / Windstream Finance Corp WIN 8.750 31.250 12/15/2024 Windstream Services LLC / Windstream Finance Corp WIN 8.750 29.500 12/15/2024 Windstream Services LLC / Windstream Finance Corp WIN 7.750 29.159 10/15/2020 Windstream Services LLC / Windstream Finance Corp WIN 7.750 29.169 10/1/2021 rue21 inc RUE 9.000 1.375 10/15/2021 ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers public debt and equity securities about which we report. Each Tuesday edition of the TCR contains a list of companies with insolvent balance sheets whose shares trade higher than $3 per share in public markets. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. Assets, for example, reported at historical cost net of depreciation may understate the true value of a firm's assets. A company may establish reserves on its balance sheet for liabilities that may never materialize. The prices at which equity securities trade in public market are determined by more than a balance sheet solvency test. On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. TCR subscribers have free access to our on-line news archive. Point your Web browser to http://TCRresources.bankrupt.com/and use the e-mail address to which your TCR is delivered to login. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA. Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog, Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa, Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2019. All rights reserved. ISSN: 1520-9474. 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