/raid1/www/Hosts/bankrupt/TCR_Public/190726.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, July 26, 2019, Vol. 23, No. 206

                            Headlines

99 CENTS: S&P Lowers ICR to 'SD' on Completion of Exchange Offer
ABACO ENERGY: Moody's Alters Outlook on B3 CFR to Negative
AMERICAN DENTAL: Moody's Lowers CFR to B3, Outlook Stable
AMERICAN RESOURCE: U.S. Trustee Unable to Appoint Committee
ASSETMARK FINANCIAL: S&P Affirms 'BB+' ICR on IPO; Outlook Stable

BALLANTYNE BRANDS: Seeks Continued Access to Cash Through Aug. 31
BETTER HOUSING FOUNDATION: S&P Suspends Various Bond Issue Ratings
BRIDGEVIEW FINANCE: Fitch Affirms BB+ IDR, Outlook Stable
BROOKFIELD RESIDENTIAL: S&P Raises ICR to 'B+'; Outlook Stable
CAPITOL INVESTMENT 2: Moody's Assigns Caa1 CFR, Outlook Stable

CASCADES OF GROVELAND: Final Cash Collateral Order Entered
CLAROS MORTGAGE: S&P Assigns 'BB-' ICR; Outlook Stable
DAH UNIVERSITY: U.S. Trustee Unable to Appoint Committee
DOMINION COAL: Case Summary & 30 Largest Unsecured Creditors
DYNCORP INT'L: Moody's Raises CFR to Ba3, Outlook Stable

EMERGE ENERGY: Taps Kurtzman Carson as Claims Agent
ENERGUATE TRUST: Fitch Affirms BB LT IDRs & Alters Outlook to Neg.
FRESH ALTERNATIVES: U.S. Trustee Unable to Appoint Committee
FRIENDSWOOD COMMERCIAL: U.S. Trustee Unable to Appoint Committee
FT/R LLC: U.S. Trustee Unable to Appoint Committee

GR MABREY: Commercial Credit Group Objects to Disclosure Statement
GR MABREY: PUEFC Objects to Disclosure Statement
GREAT SOUTHERN: Seeks to Hire Byrd & Wiser as Counsel
GREENWAY SERVICES: Final Cash Collateral Order Entered
H. TRENT ELSON: Hires Mickler & Mickler as Counsel

I.K.E. ELECTRICAL: Seeks to Hire Scura Wigfield as Counsel
IMMUNE PHARMACEUTICALS: Committee Taps Gornitzky & Co as Counsel
INFORMATION TECHNOLOGY: Seeks More Time to File Bankruptcy Plan
INSIGNIA TECHNOLOGY: Expand Accountant Scope of Employment
INSIGNIA TECHNOLOGY: Seeks to Hire Russo Group as Consultant

INSYS THERAPEUTICS: Bid to Appoint Committee of Gov't Units Denied
INTERIOR COMMERCIAL: Hires Fuller Law Firm as Attorney
INVERNESS VILLAGE: Files for Chapter 11 to Sell to Rival
J&D REALTY: U.S. Trustee Unable to Appoint Committee
JOERNS WOUNDCO: Hires Conway MacKenzie as Restructuring Advisor

JOERNS WOUNDCO: Hires Financial Advisor and Investment Banker
JOERNS WOUNDCO: Seeks to Hire Epiq as Aministrative Advisor
JOERNS WOUNDCO: Seeks to Hire Ordinary Course Professionals
JOERNS WOUNDCO: Seeks to Hire White & Case as Counsel
KAMC HOLDINGS: Moody's Assigns B2 CFR, Outlook Stable

KLEIN'S MOTOR: Seeks to Hire Wolfe Snowden as Counsel
KNIJNIK PARTICIPACOES: Chapter 15 Case Summary
KPH CONSTRUCTION: Hires VanderBloemen Group as Accountant
LAWSON NURSING: Ch. 11 Trustee Hires Gleason as Financial Advisor
LAWSON NURSING: Ch. 11 Trustee Hires Leech Tishman as Counsel

LITCHFIELD LASER: Aug. 27 Plan Confirmation Hearing
LJ RUBY: Moody's Assigns B3 Corp. Family Rating, Outlook Stable
LUPPINO HOMES: Seeks to Hire Kopelman as Legal Counsel
MADISON STOCK: Case Summary & 4 Unsecured Creditors
MARINE BUILDERS: Hires Northrop & Johnson as Broker

MARKPOL DISTRIBUTORS: Affiliates Tap Rieff Schramm as Counsel
MCP REAL ESTAT: Hires Old Colony Company as Realtor
MEMORIAL HEALTH: Fitch Affirms BB- Issuer Default Rating
MERIDIAN MARINA: Seeks to Hire Kelley Fulton as Counsel
NEW PLAN: Fitch Lowers Rating on $31.6MM Series 2011A Bonds to CCC

NUVIDORRA INC: U.S. Trustee Unable to Appoint Committee
ORCHIDS PAPER: Gets Appproval to Hire Deloitte, Appoint CSO
P & P ENTERPRISES: Case Summary & 6 Unsecured Creditors
PES HOLDINGS: Taps Omni Management as Claims Agent
PRESBYTERIAN VILLAGES: Fitch Affirms BB+ on $29MM Series 2015 Bonds

PRO TECH MACHINING: Seeks Authorization to Use Cash Collateral
PRYOR DEFIORE: Judge Denies Continued Use of Cash Collateral
RED APPLE RESOURCES: Allowed to Use Schertz Bank Cash Collateral
ROC-IT DRYWALL: U.S. Trustee Objects to Disclosure Statement
RWP HOMES: U.S. Trustee Unable to Appoint Committee

RYAN HINTON: May Continue Using Cash Collateral Until Dec. 31
SECURED CAPITAL: Treatment of Unsecureds Changed to Unimpaired
SILVER CREEK: Seeks Authorization to Use Cash Collateral
SOUTH STREET BRENTWOOD: Hires Michael Jay Berger as Counsel
SOUTHFRESH AQUACULTURE: Taps Janicek Valuation as Appraiser

SPORTCO HOLDINGS: Committee Hires Lowenstein Sandler as Counsel
SPORTCO HOLDINGS: Committee Hires Morris James as Co-Counsel
SPORTCO HOLDINGS: Gets Approval to Hire Winter Harbor, Appoint CRO
SPORTCO HOLDINGS: Taps McDermott Will as Legal Counsel
SPORTCO HOLDINGS: Taps Polsinelli as Co-Counsel

SUPERIOR ENERGY: Moody's Cuts CFR to B2 & Alters Outlook to Neg.
TAMARACK AEROSPACE: Taps Stephen Thomas as Special Counsel
TATE'S AUTO: Ch. 11 Trustee Hires Allen Barnes as Counsel
TATE'S AUTO: Trustee Hires Sonoran Capital as Financial Advisor
TEVOORTWIS DAIRY: Seeks to Hire Lambert Leser as Legal Counsel

TIMBERLAND BUILDERS: Taps Anderson Hager as Accountant
TIME DEFINITE: Seeks to Hire Buddy D. Ford as Legal Counsel
TOWER PARK: Seeks Court Approval to Hire Bankruptcy Attorney
TREASURE ISLES: Seeks to Extend Exclusivity Period to Aug. 7
ULTIMATE BRANDS: Seeks to Hire Oak Tree Law as Legal Counsel

VERNON PARK: Increases Est. Total Amount of Mechanics Liens Claims
VILLA BELLINI: Case Summary & 20 Largest Unsecured Creditors
WESTMORELAND COAL: Hires McKinsey Recovery as Special Advisor
WHEATON MEDICAL: Hires Lynch Law Offices as Attorney
YCO TULSA: Seeks to Hire Gretchen K. Archer as Accountant

[^] BOOK REVIEW: Bendix-Martin Marietta Takeover War

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99 CENTS: S&P Lowers ICR to 'SD' on Completion of Exchange Offer
----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on
California-based dollar store retailer 99 Cents Only Stores LLC to
'SD' from 'CC'.

S&P's 'CCC+' issue-level rating and '3' recovery on 99 Cents Only
Stores' first-lien debt and its 'CCC-' issue-level rating and '6'
recovery rating on its unsecured notes are unaffected because they
are not subject to the exchange offer.

The downgrade follows 99 Cents Only's disclosure that it has
completed the previously announced exchange, where the company will
issue a combination of common and preferred equity in return for
its outstanding $146 million second-lien debt and $143 million
secured notes facility. The new securities will be subordinated to
the remaining debt facilities in the capital structure, with the
preferred equity paying deferred cash interest payment at a lower
rate than currently offered by the existing debt.



ABACO ENERGY: Moody's Alters Outlook on B3 CFR to Negative
----------------------------------------------------------
Moody's Investors Service changed the outlook for Abaco Energy
Technologies LLC to negative from stable. Concurrently, Moody's
affirmed Abaco's Corporate Family Rating at B3, its Probability of
Default Rating at Caa1-PD, and its senior secured first lien debt
ratings at B3.

The change in outlook to negative reflects Abaco's weak liquidity
and debt refinancing risks owing to its term loan that is due to go
current in November, and also the expiration of its revolver at
that time.

Outlook Actions:

Issuer: Abaco Energy Technologies LLC

Outlook, Changed To Negative From Stable

Affirmations:

Issuer: Abaco Energy Technologies LLC

Probability of Default Rating, Affirmed Caa1-PD

Corporate Family Rating, Affirmed B3

Senior Secured Term Loan, Affirmed B3 (LGD3)

Senior Secured Revolving Credit Facility, Affirmed B3 (LGD3)

RATINGS RATIONALE

Abaco's B3 CFR reflects its very small size and narrow product
scope in the highly cyclical oilfield equipment and services
industry. This sector is highly competitive and there are some much
larger companies with greater financial resources and
diversification. Within its niche market, Abaco is competitively
positioned but its revenue base is small. While leverage is modest,
the cyclical nature of drilling activities and volatility in
customer demand can result in large swings in performance. Moody's
expects Abaco will generate positive free cash flow and maintain
EBITDA/interest in the 3x area through mid-2020.

Abaco has weak liquidity due to its $145 million term loan that is
due to go current in November. The term loan has sizable
amortization of 5% per year ($8.5 million). Also weighing on
liquidity is the expiration of its $25 million revolver in
November, albeit not currently used but which will constrain
financial flexibility.

Abaco's senior secured first lien revolver and first lien term loan
comprise the sole debt in the capital structure and are rated B3,
at the level of the CFR.

Factors that could lead to a downgrade include further
deterioration of liquidity including the expiration of the revolver
or term loan about to go current; debt/EBITDA above 3x; or revenue
or EBITDA contraction.

An upgrade is unlikely in the near-term. However, prospective
factors that could lead to an upgrade include significantly
increased scale and EBITDA while maintaining good liquidity
including consistent positive free cash flow.

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

Abaco, headquartered in Houston, Texas, designs, manufactures, and
services oilfield equipment comprising the power section of a
drilling motor (rotors and stators) including relining the
elastomers of the stators. The company is privately held and
majority-owned by affiliates of Riverstone Holdings, LLC.


AMERICAN DENTAL: Moody's Lowers CFR to B3, Outlook Stable
---------------------------------------------------------
Moody's Investors Service downgraded American Dental Partners,
Inc.'s Corporate Family Rating to B3 from B2 and Probability of
Default Rating to B3-PD from B2-PD. Moody's also downgraded the
company's senior secured bank credit facility to B2 from B1. The
outlook is stable.

The downgrade reflects ADPI's weakened financial metrics following
several years of an aggressive growth strategy that has been
largely debt funded, resulting in adjusted debt/EBITDA of around
6.0x. Further, despite elevated spending to open new dental offices
and acquire practices, revenues and earnings have remained
relatively flat. Further, the company has not produced any material
free cash flow over the past several years and interest coverage
(EBITDA -- capex/interest expense) is weak.

The following ratings were downgraded:

Corporate Family Rating, downgraded to B3 from B2;

Probability of Default Rating, downgraded to B3-PD from B2-PD;

Senior secured bank credit facilities, downgraded to B2 (LGD3)
from B1 (LGD3);

Outlook action:

Outlook is stable.

RATINGS RATIONALE

ADPI's B3 CFR reflects the company's high and increasing financial
leverage, modest interest coverage, and relatively stagnant sales
and earnings. Moody's expects the company to continue its
aggressive debt-funded growth strategy which will continue to
constrain free cash flow. However, the rating benefits from ADPI's
solid market presence within the growing dental service
organization industry.

The stable outlook reflects Moody's view that the company's
liquidity profile is adequate and that new clinic openings will
help drive earnings growth.

The ratings could be downgraded if leverage increases, financial
policies become more aggressive, or if there is any weakening of
liquidity. Sustained negative free cash flow could also negatively
affect the ratings.

The ratings could be upgraded if the company significantly
increases its revenue and diversity, Moody's adjusted leverage
approaches 5.0 times. Further, an upgrade would require meaningful
improvement in free cash flow and liquidity.

American Dental Partners, Inc. provides dental facilities, support
staff and comprehensive business support functions under management
services agreements to its affiliated dental groups. ADPI provides
all services necessary for the administration of the non-clinical
aspects of the dental operations (e.g. organizational planning, IT
support, and financial reporting) while the affiliated practices
are responsible for providing dental care to patients. The company
is owned by JLL Partners, Inc., and generates net revenue of
approximately $294 million.


AMERICAN RESOURCE: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
American Resource Management, Group LLC (DE), according to court
dockets.
    
                   About American Resource

American Resource Management, LLC, is a timeshare liquidation
company headquartered in Florida.  

American Resource, one of the nine debtor affiliates of American
Resource Management Group, filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Fla. Case No. 19-14605) on April 9, 2019.  The
petition was signed by Shyla Cline and Scott Morse, managers.  At
the time of filing, the Debtor estimated $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities.

Judge John K. Olson oversees the case.  

Tate M. Russack, Esq., an attorney based in Boca Raton, Fla., is
the Debtor's bankruptcy attorney.

Barry Mukamal was appointed as Chapter 11 trustee for the Debtors.
The Trustee is represented by Kozyak Tropin & Throckmorton LLP.


ASSETMARK FINANCIAL: S&P Affirms 'BB+' ICR on IPO; Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings affirmed its issuer credit rating of 'BB+' on
AssetMark Financial Holdings Inc. The outlook remains stable.

S&P also affirmed the 'BB+' issue rating on the company's credit
facility and first-lien loan. The recovery rating on the company's
debt is unchanged at '3', indicating its expectation for meaningful
recovery in the event of a default.

AssetMark launched an IPO of $292 million on July 18, 2019. The
company will use approximately $125 million of the proceeds to
repay debt, and leverage will fall materially. However, Huatai
Securities Co. Ltd.'s majority ownership of AssetMark effectively
caps the rating at 'BB+', despite the lower leverage.

The stable outlook reflects S&P's expectation that the firm will
continue to grow EBITDA at a solid pace in 2019 and 2020 with no
outsize debt acquisitions.

"We could lower the rating if leverage increases above 4.0x as a
result of acquisitions or business deterioration. We could also
lower the rating if the company's competitive position weakens such
that it has trouble retaining advisors or has material sustained
net outflows," S&P said.

"We could raise the rating on AssetMark if the company demonstrates
more conservative leverage tolerance and acquisition appetite such
that we believe leverage will remain under 2.0x. This also assumes
that the rating on Huatai stays the same or rises. An upgrade of
Huatai would not in and of itself cause us to upgrade AssetMark,"
the rating agency said.


BALLANTYNE BRANDS: Seeks Continued Access to Cash Through Aug. 31
-----------------------------------------------------------------
Ballantyne Brands, LLC requests the U.S. Bankruptcy Court for the
Western District of North Carolina to extend its authorization to
use cash collateral to the extent necessary through Aug. 31, 2019.

Following a final hearing on April 9, 2019, the Court entered its
Final Order Authorizing Use of Cash Collateral covering the period
from the Petition Date through the end of July 2019.

Along with its North Carolina affiliate, the Debtor timely filed a
Joint Plan of Liquidation and a hearing on confirmation of the Plan
is scheduled to take place on Aug. 5. Similarly, the companies have
filed a motion to sell substantially all of their assets in
conjunction with the Plan, and the final hearing on the Sale Motion
is also scheduled for Aug. 5.

Based on the timing of the confirmation and final sale hearings,
the Debtor believes there will be a need to use cash collateral
beyond the period originally contemplated in the Final Cash
Collateral Order. In addition, the Debtor alleges that due to
unexpectedly successful sales during the bankruptcy case, revisions
in the cash collateral budget are needed to increase various line
items, including, but not limited to, the amount of the monthly
escrow to be set aside for the potential administrative expense
claim of the Debtor's intellectual property licensor. The Debtor
will also require additional carve-out funds to ensure full payment
of its Chapter 11 professionals.

A copy of the Cash Collateral Motion is available for free at

           http://bankrupt.com/misc/ncw19-30083-137.pdf

                   About Ballantyne Brands

Ballantyne Brands -- https://www.misticecigs.com/ -- manufactures
electronic cigarette under the brand Mistic.

Ballantyne Brands LLC, a Delaware limited liability company, and
Ballantyne Brands LLC, a North Carolina limited liability company,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
W.D.N.C. Case Nos. 19-30083 and 19-30084) on Jan. 18, 2019.

At the time of the filing, Ballantyne Brands disclosed $189,222 in
assets and $16,613,740 in liabilities. Meanwhile, the company's
North Carolina affiliate reported zero assets and liabilities of
$1,586,511.  

The cases are assigned to Judge Craig J. Whitley.

Moon Wright & Houston, PLLC, is the Debtors' legal counsel; and
Cherry Bekaert, LLP as their tax accountant.



BETTER HOUSING FOUNDATION: S&P Suspends Various Bond Issue Ratings
------------------------------------------------------------------
S&P Global Ratings has suspended its long-term ratings on the
following Better Housing Foundation, OH bond issues:

-- Series 2017A-1 and 2017A-2 bonds (rated 'BB/Watch Neg'), and
the series 2017B-2 bonds (rated 'B+/Watch Neg'), issued for the
Windy City Portfolio project;

-- Series 2018A-1 and 2018A-2 (rated 'BBB-/Watch Neg'), and the
series 2018B bonds (rated 'BB+/Watch Neg'), issued for 2018 Blue
Island LLC.

"The suspension of the ratings follows our inability to obtain
timely information of satisfactory quality to maintain the rating
on the bonds in accordance with our applicable criteria and
policies," said S&P Global Ratings credit analyst Raymond Kim. As
of July 18, 2019, the borrowers, all affiliates of Better Housing
Foundation, have not produced audited financial statements for the
2018 fiscal year. Accordingly, S&P is unable to verify the net cash
flow of the projects, a figure it reliesy on to calculate debt
service coverage on the series 2017 and 2018 bonds.

The borrower reported that financial statements for the 2018 fiscal
year will be available by Sept. 30, 2019. If S&P receives
information within 90 days that it considers sufficient and of
satisfactory quality, the rating agency will conduct a review to
reinstate the ratings. If the information is not received within 90
days, S&P will withdraw the ratings.


BRIDGEVIEW FINANCE: Fitch Affirms BB+ IDR, Outlook Stable
---------------------------------------------------------
Fitch Ratings has affirmed the following Bridgeview Finance
Corporation, IL (the corporation) bonds at 'BBB+':

  -- $20.3 million sales tax securitized bonds, series 2017A;

  -- $27.2 million sales tax securitized bonds, series 2017B.

In addition, Fitch has affirmed the following village of
Bridgeview, IL (the village) ratings at 'BB+':

  -- $24 million general obligation (GO) bonds, series 2013A;

  -- $27.5 million GO refunding bonds series 2014A.

  -- The village's Issuer Default Rating (IDR).

The Rating Outlook is Stable.

SECURITY

The GO bonds are a general obligation of the village, payable from
an ad valorem tax on all taxable property without limitation as to
rate or amount.

The sales tax securitization bonds have a first lien on the
state-collected portion of the village's home rule sales tax and
local share of the statewide sales tax, net of an administrative
fee imposed by the state.

IDR ANALYTICAL CONCLUSION

The 'BB+' rating reflects the village's very high long-term
liability burden, expectations for stagnant revenue growth, limited
expenditure flexibility, and adequate gap-closing capacity. The
village has a high degree of independent legal ability to raise
operating revenues due to its home rule status.

DEDICATED TAX ANALYTICAL CONCLUSION

The 'BBB+' sales tax securitized bond rating is based on the
bankruptcy-remote, statutorily defined nature of the issuer and a
bond structure involving a perfected first lien security interest
in the sales tax revenues. These are key credit strengths that lead
Fitch to consider the credit quality of the corporation's bonds as
distinct from that of the village of Bridgeview.

Economic Summary

Bridgeview is located 13 miles southwest of downtown Chicago and
has an estimated population of 16,187. Residential properties make
up less than half of the tax base, while commercial and industrial
properties comprise the majority of the remainder.

IDR KEY RATING DRIVERS

Revenue Framework: 'a'
Fitch expects that general fund revenue growth will be stagnant,
below the rate of inflation. The village has ample independent
legal ability to increase revenues as a home rule municipality.

Expenditure Framework: 'bbb'

The natural pace of expenditure growth is expected to be above that
of revenue growth and the village has a limited ability to adjust
expenditures due to its high carrying costs.

Long-Term Liability Burden: 'bb'

The village's long-term liability burden, including the net pension
liability and overall debt, is very high relative to the resource
base.

Operating Performance: 'bbb'

Fitch believes that the village has only adequate gap-closing
capacity and that operations could become stressed in a downturn.
The village has made several budget management decisions in the
last several years that have increased fixed carrying costs and the
long-term liability burden, including issuing GO bonds for the
SeatGeek Stadium.

RATING SENSITIVITIES

Material Decline in Sales Tax Securitized Bond Debt Service
Coverage: The rating on the corporation bonds incorporates the risk
of pledged revenue declines related to a moderate economic downturn
given the highly concentrated revenue base, but severe declines of
a scale beyond Fitch's expectations could pressure the rating.

IDR Sensitive to Changes in Very High Liability Levels: The rating
is sensitive to changes in the village's very high liability
burden. Declines in the liability burden may lead to improvement in
the rating.

Maintenance of Reserves: The IDR is also sensitive to changes in
the village's ability to maintain modest reserve levels or improve
its financial resilience in economic downturns.

Impact of the MOU with the Chicago Fire: The IDR is sensitive to
the impact of the terms of a pending memo of understanding (MOU)
with the Major League Soccer team the Chicago Fire, which is still
to be finalized. If the village does not receive the near-term
payments as expected, this could place pressure on operating
performance. Conversely, if management is able to use the proceeds
of the agreement to fund its fixed costs while making progress
towards long term structural balance, including actuarially
determined pension contributions, there could be an improvement in
the rating.

ECONOMIC RESOURCE BASE

Bridgeview is located along a retail artery that attracts shoppers
from neighboring municipalities, supporting the sales tax revenue
stream. The village has been the home of the Chicago Fire of Major
League Soccer, for which it financed a stadium. The village had
seen multiple years of assessed value (AV) declines, before a
significant increase in fiscal 2018 due to a recent reassessment.
Income levels are below those of the state and the poverty rate is
above county and state levels.

A tentative MOU recently agreed upon by the village and the Fire
would allow the team to pay the village for the right to terminate
its lease commitment to the village-owned and bond-financed
stadium. Under the terms of the MOU, the Fire would pay the village
a total of $60.5 million over the remaining term of the lease,
including $10 million upfront. The Fire would also contribute $5
million to the village to refurbish and expand the soccer
facilities around the stadium and will commit to reimburse the
village for at least half of the naming rights deal (representing
$3.8 million) if it is terminated or reduced. The ultimate rating
impact of the agreement, if finalized, will likely not be fully
known for several years as the village still has a looming
structural budget gap as expenditures grow at a rate above the
natural rate of revenue growth. The agreement would provide some
more near-term budgetary relief, but management would still have to
address future budget gaps.

IDR CREDIT PROFILE

Revenue Framework

The largest component of general fund revenue was residual sales
tax revenue, transferred from the corporation after payment of debt
service, which made up 43% of general fund revenue and transfers.
Property tax (11%), charges for services (10%) and
intergovernmental revenue (10%) accounted for the bulk of the
remainder.

Under the recent MOU between the village and the Fire, the village
would receive $10 million upfront, $39 million in installments of
$3 million per year through fiscal 2033, $2 million in calendar
year 2034, and $9.5 in annual installments of $558,823 through
calendar year 2037. The Fire will also pay the village $5 million
for construction and maintenance of stadium facilities and will
guarantee half of the $7.5 million naming rights deal should it be
terminated by SeatGeek. Assuming the team is able to perform under
the agreement, this infusion of revenue may allow the village to
delay future tax levy increases, but a structural imbalance in
future years remains likely. In the best case scenario, the village
will still likely have to generate additional revenue in the medium
term to resolve that budgetary gap.

Fitch expects that the village's revenue will grow below the rate
of inflation. While the village's retail corridor attracts shoppers
from neighboring municipalities, bolstering sales tax revenue, the
village's tax base remains challenged, with population declines and
stagnant assessed valuations. Beginning in fiscal 2018, the
corporation started to receive sales tax revenue and then remits a
residual to the village after paying debt service. This should not
have a large impact on overall general fund revenue growth going
forward as the BFC debt service schedule is level, meaning that the
residual amount should grow at a natural rate. Sales tax revenue
has generally grown at a rate below inflation historically,
although there may be some impact on sales tax revenue as a result
of the loss of the Fire.

The village is a home rule municipality and not subject to the
state's Property Tax Extension Limitation Law (PTELL). The village
has used this flexibility to adjust property tax rates on an annual
basis and maintains the independent legal ability to adjust the
sales tax or other tax rates. The village will likely have to
utilize this revenue-raising ability in the medium term as natural
growth in revenue is outpaced by expenditure growth.

Expenditure Framework

General government administration makes up the largest portion of
the village's general fund expenditures (approximately 51% of 2018
expenditures). The second largest is public safety (33%).

The natural pace of expenditure growth is likely to be well above
that of the stagnant revenue growth. Absent policy action to
control costs, Fitch expects expenditures to increase at a rate
higher than inflation; salary is the largest driver of operating
expenditure growth and the village's labor contracts contain 2.5%
annual increases.

The village had been funding a portion of stadium management fees
and stadium bond-related debt service out of the general fund and
being reimbursed for a portion of those expenses from the stadium
fund. The village had expected the new naming rights deal to
increase that reimbursement. The expected revenue agreed upon under
the MOU, if finalized, would relieve some immediate expenditure
pressure from stadium operations and debt service, but in the long
term, the village will need to replace the Fire with other
entertainment at the stadium in order to reduce its subsidy.

The village has limited flexibility to adjust its main expenditure
items. Fixed carrying costs for debt service and retiree benefits
are elevated at about 45% of expenditures in 2018, largely due to
the high level of debt service payments (37% of expenditures).
Fitch expects that the high costs to carry its liabilities will
continue due to the slow rate of amortization.

Long-Term Liability Burden

The village's long-term liability burden is very high, with overall
debt and the unfunded pension liability at over 56% of village
personal income. Direct debt comprises over 66% of the liability
burden with overlapping debt and the Fitch-adjusted net pension
liability comprising the remainder. Direct debt is elevated largely
due to GO bonds the village issued in 2005 to finance the
construction the soccer stadium. The village has no near-term debt
plans.

Since over 50% of the village's tax base is either commercial or
industrial, Fitch also compared the village's long-term liability
burden to taxable market value. On this basis, the village's
long-term liabilities are still high at close to 30% of market
value. Fitch sees limited prospects for this ratio to improve given
potential for declines in market value and the slow pace of debt
payout.

The village participates in three defined benefit pension plans:
the agent multiple-employer Illinois Municipal Retirement Fund
(IMRF), the single-employer Police Pension Plan (PPP), and the
single-employer Firefighters' Pension Plan (FPP). The IMRF is
statutorily funded at the actuarially determined contribution
amount and the PPP and FPP are funded at an actuarially determined
amount. Fitch calculates the ratio of assets to the village's share
of the net pension liability for all three funds at 48%, assuming a
6% discount rate.

Operating Performance

The village has adequate gap-closing capacity to address a moderate
economic downturn. Despite the village's notable legal
revenue-raising flexibility due to its home rule status, Fitch
believes that in a moderate downturn general fund financial
operations could become stressed due to its limited expenditure
flexibility, necessitating the use of some available reserves.
Fitch believes that although the village has sizable current
available reserves on a nominal basis, including cash from the
village water fund that can be used for operations, reserves
provide a 'bbb' level of financial resilience through downturns in
the context of midrange inherent budget flexibility and the
comparatively high volatility of village revenue.

The village has managed its budget throughout the recovery through
increasing various taxes allowable through its home rule status.
The village's budget management assessment is constrained by the
past decision to finance the stadium with general obligation bonds.
The MOU with the Fire, if finalized, would provide some budgetary
relief, but the village will likely be required to generate
additional revenue, primarily through an increase in property tax
rates for operations in the medium term, to address upcoming
structural imbalance as expenditure growth outpaces the natural
pace of revenue growth. More immediately, the village is relying on
completion of a land sale in September 2019 to pay for debt service
in the current fiscal year. If that land sale does not come to
fruition, the village may need to utilize its line of credit or use
reserves to pay debt service.

DEDICATED TAX KEY RATING DRIVERS

Stagnant Growth Prospects: Natural growth in sales tax revenues has
been stagnant, with a 10-year compound annual growth rate slower
than the growth in the rate of inflation, although more recent
growth has been more robust.

Strong Financial Resilience: The revenue stream has strong
resilience to anticipated declines in an economic downturn
scenario. Coverage is strong and revenue is able to tolerate a 65%
decline to 1x coverage, which covers the largest historical decline
at approximately 3x and the recessionary impact estimated in
Fitch's FAST scenario by around 14x.

Concentrated Sales Tax Revenue Base: The village's top 10 sales tax
generators account for over half of sales tax revenue, which
introduces a high degree of concentration risk.

DEDICATED TAX CREDIT PROFILE

The village sold all right, title and interest in the pledged
revenues to the corporation, a limited purpose entity. The state
will direct all pledged sales tax revenues to the trustee for
benefit of corporation bondholders and the residual will flow to
the village for any lawful purpose.

Pledged revenues include the portion of the village's home rule
sales taxes that are collected by the state as well as its local
share of state sales taxes.

The pledged home rule sales tax comprise two separate taxes: a
1.25% Home Rule Municipal Retailers' Occupation Tax on gross
receipts from sales of tangible personal property by retailers in
the village and a 1.25% Home Rule Municipal Service Occupation Tax
on tangible personal property purchased from a service provider.
There is no legal limit to the rate the village may impose for
these.

The pledged local share sales tax revenues comprise two separate
taxes: the Illinois Retailers' Occupation Tax (village portion is
currently equivalent to 1% of sales within the village) and the
Illinois Service Occupation Tax (village portion is currently
equivalent to 1% of sales within the village). Any changes to the
tax rates or allocation of local share sales tax revenues would
require action by the Illinois General Assembly. The Illinois
Retailers' Occupation Tax and the Illinois Service Occupation Tax
are not subject to appropriation. Some of the pledged revenues
collected by the state are net of an administrative fee imposed by
the state.

The authorizing act assures that the state "will not limit or alter
the basis on which transferred receipts are to be paid to the
issuing entity as provided in this Article, or the use of such
funds, so as to impair the terms of any such contract."

Pledged revenues, net of adjustments, have grown at a rate below
the rate of inflation. Fitch expects future revenue growth to
approximate this historical trend of stagnant growth over the
medium to long term given the nature of the retail operations that
make up the sales tax base.

To evaluate the sensitivity of the dedicated revenue stream to
cyclical decline, Fitch considers both revenue sensitivity results
(using a 1% decline in national GDP scenario) and the largest
decline in revenues over the period covered by the revenue
sensitivity analysis. Based on the historical performance of
pledged sales tax revenues since 2000, after adjusting for several
accounting and non-economically generated revenue changes, Fitch's
Analytical Sensitivity Tool (FAST) generates a 4.6% scenario
decline. The largest cumulative decline was a 22% decline between
2007 and 2009.

Pledged revenues could withstand a 65% decline before they were
insufficient to fully cover debt service based on MADS coverage of
3x. This is 14x the recessionary impact estimated in Fitch's FAST
scenario and approximately 3x largest actual historical cumulative
decline. Fitch considers this to be a 'aa' level of resiliency. No
additional parity borrowing is anticipated as the lien is closed.

Asymmetric Risk Considerations

Concentrated Sales Tax Revenue Base: Fitch also incorporates the
high degree of concentration (top 10 taxpayers comprise over half
of sales tax generated) in the overall rating as an asymmetric
additional risk factor.


BROOKFIELD RESIDENTIAL: S&P Raises ICR to 'B+'; Outlook Stable
--------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Brookfield
Residential Properties Inc. (BRPI) to 'B+' from 'B' to reflect its
more favorable view of BRPI's status within Brookfield Asset
Management Inc.'s group. At the same time, S&P raised its
issue-level rating on the company's senior unsecured notes to 'BB-'
from 'B+'.

The upgrade mainly reflects S&P's more sanguine view of BRPI's
strategic importance to its parent BAM.

The stable outlook on BRPI reflects S&P's expectation that it will
steadily reduce its debt to EBITDA below 7x by the first half of
2020 while maintaining interest coverage of more than 2x and a
debt-to-capital ratio of less than 50%. S&P anticipates that the
company's profits will improve next year, mostly due to
volume-based EBITDA gains, despite the rating agency's expectation
for a lower-margin mix of land and lot sales.

"We view a downgrade as unlikely over the next 12 months due, in
part, to our expectation that the recovery in the U.S. housing
market will continue. However, we could lower our rating on BRPI if
market demand slows materially in the company's U.S. or Alberta
markets, if it undertakes substantial debt-financed land
acquisitions such that its debt to EBITDA remains above 8x into
2020 while it sustains EBITDA interest coverage of less than 1.5x,
or if we feel that its liquidity has otherwise become constrained,"
S&P said.

"We could raise our rating on BRPI if it reduces its leverage below
5x and demonstrates less intra-year volatility in its credit
measures. We believe it could achieve this if it materially exceeds
our home-closing and land-sale projections or if the pace of
Canadian home sales recovers faster than we expect after recent
declines," S&P said, adding that an upgrade would also indicate
that it believes the company's Canadian business will return to
growth after what it views as a temporary slowdown.


CAPITOL INVESTMENT 2: Moody's Assigns Caa1 CFR, Outlook Stable
--------------------------------------------------------------
Moody's Investors Service assigned ratings to Capitol Investment
Merger Sub 2, LLC as follows: Senior secured second lien at Caa1,
Corporate Family Rating of B3, Probability of Default Rating of
B3-PD and Speculative Grade Liquidity rating of SGL-3. The rating
outlook is stable.

Capitol will merge with Nesco Holdings I, Inc. in a transaction
announced in April, 2019. Capitol's ultimate parent will be a
publicly-listed entity -- Nesco Holdings, Inc. Upon close, Moody's
will withdraw the ratings of Nesco, LLC's debt of CFR of Caa2, the
PDR of Caa2-PD, and senior secured second lien notes of Caa3.

RATINGS RATIONALE

The ratings reflect an improved capital structure at Nesco with an
equity investment of $200 million being used to reduce debt.
Pro-forma debt to EBITDA (inclusive of Moody's adjustments) for the
2018 fiscal year end would be about 5.5x, down from 6.4x. The new
capital and refinanced debt extends the maturity profile and
addresses Nesco's near term refinancing risk. In addition,
elimination of an ABL bank revolver covenant which limited net
capital spending, will allow the company to invest in its fleet
without restriction. Nesco has already taken advantage of this
ability to invest by ramping capital spending on equipment for 2019
sooner than an earlier plan. This accelerated capital investment
plan does provide for some better profit potential, but it will
also entail the execution risk of taking deliveries of the
vehicles, and fitting out and deploying the units within its
markets. The ratings also consider Nesco's small scale and limited
end market diversity given its concentration in the electric power
transmission and distribution industry, even as the company
transitions and diversifies its end markets into the RLST (rail,
lighting, signage, and telecom) industry. Notwithstanding Nesco's
size and customer concentration, Nesco maintains longstanding
relationships with contractors, utilities, and the RLST companies
that average over 15 years. Mitigating the concentration risk is
the continued growth in utilities' infrastructure investment spend
needed to replace and strengthen an aging utility grid, increase
investment in infrastructure for the telecom's (5G) networks, and
maintain and upgrade the rail systems.

The debt refinancing will include a $350 million ABL revolver due
2024 (of which about half is expected to be drawn at close) and a
$475 million second lien note due 2024. These new obligations will
replace an existing $300 million ABL due 2020 and a $525 million
second lien note due 2021. This does improve liquidity, but the
modest free cash flow and low cash balance produce an adequate
overall profile reflected by the SGL-3 Speculative Grade Liquidity
rating. Moody's expects Nesco will be reliant on the ABL to fund
operations and support growth.

The Caa1 instrument rating on the $475 million 5-year senior
secured second lien notes reflects their contractually junior
ranking relative to the ABL revolver with respect claims on the
collateral.

The stable outlook reflects expectation for stronger demand in the
end markets, which Nesco will be able to service with an expanded
fleet of equipment. This will support an improvement in EBITDA to
interest coverage exceeding 2.0x, and debt to EBITDA of about 4.5x
through 2020. Nesco could make some small acquisitions that
temporarily increase leverage, but subsequent growth in EBITDA and
cash flow should allow for a quick reduction in leverage.

The ratings could be upgraded with evidence that effective
deployment of equipment is increasing utilization rates, and that
debt to EBITDA is expected to trend to under 4x. Evidence of good
cost control, EBITDA growth and a good liquidity profile would also
be factors for any higher rating.

Ratings could be downgraded if debt to EBITDA remains above 5.5x or
if EBITA margins stay below 20% on a sustained basis, along with a
weaker liquidity profile.

Assignments:

Issuer: Capitol Investment Merger Sub 2, LLC

Corporate Family Rating, Assigned B3

Probability of Default Rating, Assigned B3-PD

Speculative Grade Liquidity Rating, Assigned SGL-3

Senior Secured Regular Bond/Debenture, Assigned Caa1(LGD5)

Outlook Actions:

Issuer: Capitol Investment Merger Sub 2, LLC

Outlook, Assigned Stable

The principal methodology used in these ratings was Equipment and
Transportation Rental Industry published in April 2017.

At closing of the transaction during the third quarter of 2019,
Nesco Holdings, Inc., will be 47% owned by Capitol Investment Corp.
IV and 53% owned by Energy Capital Partners. Nesco, based in Fort
Wayne, Indiana, rents and sells a range of new and used equipment
for the electric power T&D industry, including on- and off-highway,
overhead and underground equipment, arbor equipment, sign erection
and maintenance equipment. Customers include utility and
telecommunications contractors and utility companies in the United
States and Canada that are performing installation, maintenance,
upgrades and repairs to T&D and telecommunications infrastructure.
Revenues for 2018 were just over $240 million.


CASCADES OF GROVELAND: Final Cash Collateral Order Entered
----------------------------------------------------------
Bankruptcy Judge Karen S. Jennemann has entered a final order
authorizing The Cascades of Groveland Homeowners' Association, Inc.
to use cash collateral until the effective date of any confirmed
plan of reorganization of the Association or until further order of
the Court.

The Association is authorized to use cash collateral to pay: (a)
amounts expressly authorized by the Court, including payments to
the U.S. Trustee for quarterly fees; (b) the current and necessary
expenses of the Association incurred in its ordinary course; (c)
and any expenses agreed upon by Popular Bank, N.A.

The Association will grant Popular Bank access to its business
records and premises for inspection. In addition, the Association
will maintain all its insurances including liability and casualty
insurance coverage in accordance with state law and its obligations
under the agreements with Popular Bank.

The Court finds that Popular Bank is adequately protected by the
large equity cushion in the Association's cash. As additional
adequate protection for Popular Bank's interest in the cash
collateral, the Association will make its normal monthly payments
in the amount as provided in the loan documents up to the effective
date of any confirmed plan of reorganization of the Debtor.

The Association is also authorized to make monthly payments to
these creditors, in the amount as provided in their respective loan
documents and in the usual course up to the effective date of any
confirmed plan: (i) United Leasing; (ii) Ricoh; and
BrightEnergies.

A copy of the Final Cash Collateral Order is available for free at

            http://bankrupt.com/misc/flmb19-04077-31.pdf

The Cascades of Groveland Homeowners' Association, Inc., is a
Florida non-profit corporation based in Longwood.  The Association
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
M.D. Fla. Case No. 19-04077) on June 21, 2019.  In the petition
signed by Brian Feeney, president, the Debtor estimated assets of
between $1 million to $10 million and liabilities of the same
range.  Michael A. Nardella, Esq. at Nardella & Nardella, PLLC
serves as the Association's bankruptcy counsel.


CLAROS MORTGAGE: S&P Assigns 'BB-' ICR; Outlook Stable
------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issuer credit rating to
Claros Mortgage Trust Inc. (CMTG). The outlook is stable.

S&P has also assigned its 'BB-' issue rating to the planned $350
million senior secured term loan B.

S&P's ratings on CMTG reflect the company's low but growing
leverage; focus on higher-risk loans to commercial real estate
(CRE) transitional, construction, and land properties; reliance on
repurchase agreement funding with some potential for margin calls;
and its relatively short operating history. S&P views positively
the company's access to resources, capabilities, and the industry
knowledge of its sponsor, Mack Real Estate Credit Strategies L.P.,
part of a long established investor, developer, and manager of
CRE.

"The stable outlook reflects our expectation that the company will
maintain leverage between 1.5x-2x as it uses debt to fund most of
its planned growth over the next two years. We expect the company
to remain dependent on repurchase agreement funding but to continue
to manage its maturities proactively and maintain adequate
liquidity. We expect loan portfolio performance to remain
supportive of the rating," S&P said.

S&P could lower its rating on CMTG over the next 12 months if:

-- debt to adjusted equity rises above 2x on a sustained basis;

-- loan portfolio performance deteriorates materially, or the risk
of its loan portfolio materially increases;

-- the company comes closer to covenant triggers, or;

-- it becomes more reliant on short-term funding, or does not
manage maturities on its funding lines.

"Given its growth plans and portfolio risk, we are unlikely to
raise our ratings on CMTG over the next 12 months. Over the longer
term, we could raise our rating if the company further improves its
funding by reducing its reliance on secured funding with margin
call provisions and is committed to operating with leverage below
1.5x debt to ATE on a sustained basis," S&P said.


DAH UNIVERSITY: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
DAH University Hospitality LLC, according to court dockets.
    
                 About DAH University Hospitality

DAH University Hospitality, LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-05845) on June
20, 2019.  At the time of the filing, the Debtor had estimated
assets of less than $50,000 and liabilities of less than $1
million.  The Debtor is represented by Timothy W. Gensmer, PA.


DOMINION COAL: Case Summary & 30 Largest Unsecured Creditors
------------------------------------------------------------
Lead Debtor: Dominion Coal Corporation
             1051 Main Street
             Milton, WV 25541

Business Description: Dominion Coal Corporation and five of its
                      debtor affiliates merely hold certain assets
                      such as mining permits and licenses that are
                      related to or necessary for the operations
                      conducted by debtor Blackjewel, L.L.C.
                      They have no employees, are not producing
                      coal and generally are not operating.

Chapter 11 Petition Date: July 24, 2019

Six affiliates that concurrently filed voluntary petitions seeking
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                        Case No.
    ------                                        --------
    Dominion Coal Corporation                     19-30323   
    Harold Keene Coal Co. LLC                     19-30324
    Vansant Coal Corporation                      19-30325
    Lone Mountain Processing, LLC                 19-30326
    Powell Mountain Energy, LLC                   19-30327
    Cumberland River Coal LLC                     19-30328


Court: United States Bankruptcy Court
       Southern District of West Virginia (Huntington)

Judge: Hon. Frank W. Volk

Debtors'
Primary
Bankruptcy
Restructuring
Counsel:          Stephen D. Lerner, Esq.
                  Nava Hazan, Esq.
                  Travis A. McRoberts, Esq.
                  SQUIRE PATTON BOGGS (US) LLP
                  201 E. Fourth St., Suite 1900
                  Cincinnati, Ohio 45202
                  Tel: 513.361.1200
                  Fax: 513.361.1201
                  Email: stephen.lerner@squirepb.com
                         nava.hazan@squirepb.com
                         travis.mcroberts@squirepb.com

Debtors'
Local
Bankruptcy
Counsel:          Joe M. Supple, Esq.
                  SUPPLE LAW OFFICE, PLLC
                  801 Viand St.
                  Point Pleasant, WV 25550
                  Tel: 304.675.6249
                  Fax: 304.675.4372
                  Email: joe.supple@supplelaw.net

Debtors'
Financial
Advisor:          FTI CONSULTING, INC.

Debtors'
Investment
Banker:           JEFFERIES LLC

Debtors'
Claims,
Noticing,
Solicitation,
Balloting, &
Tabulation
Agent:            PRIME CLERK LLC
                  https://cases.primeclerk.com/blackjewel

Dominion Coal's
Estimated Assets: $0 to $50,000

Dominion Coal's
Estimated Liabilities: $0 to $50,000

Harold Keene's
Estimated Assets: $0 to $50,000

Harold Keene's
Estimated Liabilities: $0 to $50,000  

The petitions were signed by David J. Beckman, interim chief
executive officer.

Full-text copies of two of the Debtors' petitions are available for
free at:

         http://bankrupt.com/misc/wvsb19-30323.pdf
         http://bankrupt.com/misc/wvsb19-30324.pdf

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

Entity                            Nature of Claim    Claim Amount
------                            ---------------    ------------
1. Department of the Interior-ONRR    Royalties        $60,058,947
Attn: Jessica Polacek
P.O. Box 25627
Denver, CO 80225-0627
Email: Jessica.polacek@onrr.gov

2. Campbell County Treasurer            Taxes          $37,085,803
Attn: Rachel Knust
P.O. Box 1027
Gillette, WY 82717
Email: rek03@ccgov.net

3. Wyoming Department Of Revenue        Taxes          $11,624,023
Herschler Building
2nd Floor West
122 West 25 th Street
Cheyenne, WY 82002-0110
Fax No. (307) 777-3632

4. Department of the Treasury           Taxes          $10,339,211
Internal Revenue Service
Cincinnati, OH 45999-0009

5. United Central Industrial Supply     Trade           $8,880,080
Attn: Henry Looney
P.O. Box 743849
Atlanta, GA 30374-3849
Email: henry.looney@unitedcentral.net

6. CAM Mining LLC                     Royalties         $8,750,000
P.O. Box 1169
Pikeville, KY 41501
Fax: (606) 432-7378

7. Smith-Manus                      Surety Bonds        $8,007,290
Attn: Brook Smith
2307 River Road, Suite 200
Louisville, KY 40206-5005
Email: bsmith@smith-manus.com

8. Austin Powder Company                Trade           $7,305,820
Attn: Mike Gleason
25800 Science Park Drive
Cleveland, OH 44122
Email: Mike.Gleason@austinpowder.com

9. Rockwood Casualty                  Insurance         $6,530,881
Insurance Company
Ron Davidson
654 Main Street
Rockwood, PA 15557
Email: Ron.Davidson@rockwoodcasualty.com

10. Whayne Supply Company                Trade          $6,324,682
Attn: Joe Yoerg
Department 8326
Carol Stream, IL 60122
Email: Joseph_yoerg@whayne.com

11. United Industrial                    Trade          $6,191,053
Services, Inc.
Attn: Kevin Wiley
P.O. Box D
101 Spruce Street,
Rich Creek, VA 24147
Email: skwunited@gmail.com

12. Contura Energy                       Trade          $6,100,000
Attn: Andy Eidson
431 Running Right Way
Julian, WV 25529
Email: Andy.Eidson@conturaenergy.com

13. Kentucky State Treasurer             Taxes          $6,052,821
Attn: Stephen Crawford
211 Sower Boulevard
Frankfort, KY 40601
Email: Stephen.crawford@ky.gov

14. Wyoming Machinery Co.                Trade          $5,923,415
Attn: Jim Thorpen
P.O. Box 2335
Casper, WY 82602
Email: jcthorpen@wyomingcat.com

15. Uniper Global Commodities SE         Trade          $4,952,875
Attn: Martin Rozendaal
HolzstraBe 6 40221 Dusseldorf Germany
Email: Martin.Rozendaal@uniper.energy

16. NRP (Operating) LLC                Royalties        $4,725,491
Attn: Greg Wooten
Lockbox 2495
Columbus, OH 43260
Email: gwooten@wpplp.com

17. Aquatic Resources Management         Envir.         $4,065,845
Attn: Josh Howard
2554 Palumbo Drive
Lexington KY 40509
Email: jhoward@aquaticresources.us

18. Jones Oil Company, Inc.               Trade         $3,778,116
Attn: Earl Jones/ Mike Jones
P.O. Box 3427
Pikeville, KY 41502
Email: mjones@jonesoilco.com

19. Fairmont Supply Company               Trade         $3,751,806
Attn: Tony Dodds
75 Remittance Drive, Dept. 1404
Chicago, IL 60675-1404
Email: tonydodds@fairmontsupply.com

20. Jennmar Corporation of Virginia       Trade         $3,220,649
Tony Calandra
PO. Box 603800
Charlotte, NC 28260-3800
Attn: tcalandra@jennmar.com

21. Walker Machinery                      Trade         $2,712,802
Attn: Joe Yoerg
1400 DuPont Avenue
Belle, WV 25015
Email: Joseph_Yoerg@whayne.com

22. Triple H Real Estate, LLC           Royalties       $2,545,224
Attn: Brent Walls
1051 Main Street, Suite 100
Milton, WV 25541
Email: Brent.walls@walls-cpa.com

23. Republic Superior Products, LLC       Trade         $2,239,825
Attn: Dennis Meredith
13993 E KY
550 P.O. Box 189
Lackey, KY 41643
Email: Dennis.meredith@rsproducts.us

24. Dept. of Treasury                     Taxes         $2,190,578
Office of Surface Mining
Attn: Duane Holliman
P.O. Box 979068
St. Louis, MO 63197-9000
Email: dholliman@osmre.gov

25. Jones Petroleum Services              Trade         $1,919,080
Attn: Earl Jones/ Mike Jones
P.O. Box 4276
Pikeville, KY 41502-4276
Email: mjones@jonesoilco.com

26. Javelin Commodities (UK) Ltd.         Trade         $1,791,678
Attn: Peter Bradley
Manning House
22 Carlisle Place
London SW1P 1JA
Email: Peter.Bradley@Javelincommodities.com

27. JM Conveyors                          Trade         $1,771,852
P.O. Box 640339
Pittsburgh, PA 15264
Fax No. (412)963-8099

28. Kentucky River                      Royalties       $1,744,442
Properties, LLC
P.O. Box 633650
Cincinnati, OH 45263
Fax No. (859) 255-9362

29. Virginia Department of Taxation        Taxes        $1,628,057
1957 Westmoreland Street
Richmond, VA 23230
Fax No. (804) 254-6111

30. Cook Tire, Inc.                        Trade        $1,509,957
Attn: Teddy Cook
P.O. Box 970
London, KY 40743-0970
Email: connie@cooktireinc.com

Pending bankruptcy cases filed by Debtor affiliates on July 1,
2019:

   Debtor                                         Case No.
   ------                                         --------
   Blackjewel L.L.C.                              19-30289
   Blackjewel Holdings, L.L.C                     19-30290
   Revelation Energy Holdings, LLC                19-30291
   Revelation Energy, LLC                         19-30292
   Revelation Management Corp.                    19-30293

Blackjewel, L.L.C. and its affiliated debtors ask the Bankruptcy
Court to jointly administer the six newly-filed Chapter 11 cases
with their five initially-filed Chapter 11 cases, which were
ordered to be jointly administered by the Court on July 3, 2019,
under the Lead Case No. 19-30289.


DYNCORP INT'L: Moody's Raises CFR to Ba3, Outlook Stable
--------------------------------------------------------
Moody's Investors Service upgraded the corporate family rating of
DynCorp International Inc. and concurrently assigned a Ba3 rating
to a planned first lien bank credit facility. The outlook is
stable. Proceeds from the planned facility, along with $147 million
of balance sheet cash, will recapitalize all of the company's
existing debt, which is scheduled to begin maturing in 2020 and the
existing ratings for which will be withdrawn upon repayment of the
underlying obligations concurrent with successful completion of the
transaction.

"The upgrade reflects the transaction's debt reduction objective,
to $360 million from $482 million; a lower expected interest rate
and associated debt service costs; and the extended, six-year term,
maturity profile," according to Bruce Herskovics, Moody's lead
analyst for the company.

"Notwithstanding the debt reduction, DI's recently strong financial
performance will likely ebb across 2020; but revenue visibility,
helped by recent new contract wins that add confidence in contract
performance standards and marketing execution, still justify the
one notch lift to the company's fundamental benchmark corporate
family rating," added Herskovics.

The following rating actions were taken:

Upgrades:

Issuer: DynCorp International Inc.

Corporate Family Rating, Upgraded to B1 from B2

Probability of Default Rating, Upgraded to B1-PD from B2-PD

Speculative Grade Liquidity Rating, Upgraded to SGL-2 from SGL-3

Assignments:

Issuer: DynCorp International Inc.

Senior Secured Bank Credit Facility, Assigned Ba3 (LGD3)

Outlook Actions:

Issuer: DynCorp International Inc.

Outlook, Remains Stable

RATINGS RATIONALE

The B1 CFR reflects DI's long-standing position as a military and
humanitarian mission support contractor with good credit metrics
and growing backlog position, against a historically volatile
performance, including recent losses of long-held contract
positions, and competitors that are strengthening through
acquisitions. DI's new booking successes of late, largely within
aviation maintenance, will probably raise backlog above $7.5
billion (versus $3.7 billion at Q1-2019), the highest level in many
years (losing bidders have protested the awards and DI does not
record backlog of awards under protest). DI's contract losses in
recent years have been equally dramatic, however. In April 2019,
the company learned that it did not retain a position on its
largest program, the US Army's LOGCAP, which represented about $500
million or 25% of total revenue. In September 2016, DI lost its
then-largest program, the US State Department's INL Air Wing
program, and revenue under that program will end for DI in 2019. In
each of these large program losses, the winning contractors had
been adding capabilities and scale through M&A.

DI's ability to secure large new programs and largely replace lost
revenues speaks to the company's operational improvements in recent
years, but competition will probably continue weighing on margin
upside and Moody's expects about 7% to 8% EBITDA margin in coming
years, down from the 11% level recently achieved. EBITDA leverage
on a Moody's-adjusted basis will probably rise towards 3x in 2020,
with free cash flow leverage of about 10%, weaker when compared to
Q1-2019 metrics of 2.3x and 26%, respectively. Trailing revenues of
$2.1 billion will probably decline to $1.8 billion next year.
Further, DI's historically low appetite for acquisitions could
increase in coming years.

The Ba3 rating assigned to the first lien credit facility, one
notch higher than the CFR, reflects the presence of effectively
junior unsecured non-debt claims (i.e.; trade, lease payables) that
would absorb initial losses in a stress scenario and benefit first
lien creditors in terms of recovery prospects.

The speculative grade liquidity rating was upgraded to SGL-2 from
SGL-3, denoting the deemed "good" liquidity profile. Pro forma for
the pending transaction, DI's debt maturities will extend and the
company should generate about $40 million of free cash flow
near-term, versus only $9 million of scheduled term loan
amortization. While the planned revolver's $70 million commitment
will be rather small relative to DI's revenue base, headroom under
the bank facility's maintenance covenant should be good and the
likelihood of revolver borrowing is low.

Upward rating momentum would depend on greater scale and free cash
flow generation. Revenues closer to $2.5 billion and annual free
cash flow approaching $100 million coupled with a good liquidity
profile would be viewed favorably.

Downward rating pressure would build with leverage approaching the
high-3x range, annual free cash flow below $25 million, or a
weakening liquidity profile.

Headquartered in McLean, Virginia, DynCorp International Inc.
provides mission-critical support services outsourced by US
military, non-military US governmental agencies and foreign
governments. The company is an operating subsidiary of Delta Tucker
Holdings, Inc., which is owned by affiliates of Cerberus Capital
Management, LP. Revenues for the twelve months ended March 31, 2019
were approximately $2.1 billion.


EMERGE ENERGY: Taps Kurtzman Carson as Claims Agent
---------------------------------------------------
Emerge Energy Services LP received approval from the U.S.
Bankruptcy Court for the District of Delaware to hire Kurtzman
Carson Consultants LLC as claims and noticing agent.

The firm will oversee the distribution of notices and will assist
in the maintenance, processing and docketing of proofs of claim
filed in the Chapter 11 cases of the company and its affiliates.

The firm's hourly rates are:

     Analyst                                 $25.50 - $42.50
     Technology/Programming Consultant       $29.75 - $80.75
     Consultant/Senior Consultant/
        Senior Managing Consultant           $55.25 - $174.25  
     Securities/Solicitation Consultant           $174.25
     Securities Director/Solicitation Lead        $182.75

Prior to the Petition Date, the Debtors provided the firm a
retainer in the amount of $50,000.

Robert Jordan, managing director of Kurtzman, 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:

     Robert Jordan
     Kurtzman Carson Consultants LLC
     2335 Alaska Avenue
     El Segundo, CA 90245
     Tel: (310) 823-9000

                   About Emerge Energy Services

Emerge Energy Services LP -- http://www.emergelp.com/-- is engaged
in the mining, processing and distributing silica sand, a key input
for the hydraulic fracturing of oil and gas wells.  The Debtors
conduct their mining and processing operations from facilities
located in Wisconsin and Texas.  In addition to mining and
processing silica sand primarily for use in the oil and gas
industry, the Debtors also, to a lesser degree, sell their sand for
use in building products and foundry operations.  Emerge Energy was
formed in 2012 by management and affiliates of Insight Equity
Management Company LLC and its affiliated investment funds.

Emerge Energy Services and its affiliates protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11563)
on July 15, 2019.

As of Sept. 30, 2018, the Debtors had total assets of $329,385,000
and total liabilities of $266,077,000.

The Debtors tapped Richards, Layton & Finger, P.A. and Latham &
Watkins LLP as bankruptcy counsel; Houlihan Lokey Capital Inc. as
financial advisor; and Kurtzman Carson Consultants LLC as claims
and noticing agent and administrative advisor.  The Debtors also
hired Ankura Consulting Group LLC to provide interim management
services.


ENERGUATE TRUST: Fitch Affirms BB LT IDRs & Alters Outlook to Neg.
------------------------------------------------------------------
Fitch Ratings has affirmed Energuate Trust's Long-Term Local and
Foreign Currency Issuer Default Rating at 'BB' and the rating for
its USD330 million bond due in 2027 at 'BB'. The Rating Outlook for
the IDRs has been revised to Negative from Stable.

The Negative Rating Outlook reflects the company's high dependence
on subsidies from the government of Guatemala (IDR BB/Negative) as
well as a lack of clarity regarding the government's commitment to
future subsidy payments. Historically, the Guatemalan government,
directly or indirectly through government-related entities, has
provided electricity subsidies to low consumption customers, which
have accounted in recent years for approximately 80% of Energuate's
combined EBITDA. If the subsidies are modified, Energuate would
need to, in turn, bill and collect any absent amounts from end
customers. Uncertainty about timeliness or continuity of subsidy
payments bodes negatively for the company's rating. Guatemala's
Negative Outlook reflects heightened political tension and
uncertainty, and steady erosion in the government's already low tax
collection.

Energuate's ratings consider the combined operations of
Distribuidora de Electricidad del Oriente S.A. (DEORSA) and
Distribuidora de Electricidad del Occidente S.A. (DEOCSA), and
primarily reflect its close linkage to the Guatemalan government
vis-a-vis the receipt of subsidy payments. While the company's
credit profile is supported by its natural monopoly in its
concession area, its exposure to socio-economically unstable
regions within the country creates a challenging environment for
maximizing profitability and operational efficiency.

KEY RATING DRIVERS

Government Counterparty Risk: Historically, the Guatemalan
government has subsidized users with consumption of 100 kWh per
month or less. In 2018, government subsidies to Energuate totalled
USD86 million, or approximately 15% of revenue and 80% of the
company's EBITDA. Subsidies as a percentage of revenue have
declined from nearly 20% per year between 2012 and 2014 as a result
of user eligibility changes. This year has featured conflict as to
which agency would pay the subsidies and the state-owned
hydroelectric company that pays the subsidy attempted to lower
eligibility to usage of less than 74 kWh. Payments are usually made
within five weeks of a month end. Fitch believes the lower
subsidies indicate less implied support for the sector.

Latest Tariff Review Lowers Rates: Guatemala's electricity
regulator announced a roughly 2.5% reduction in 2019-2024 social
tariff electricity rates, which apply to 97% of Energuate's
customer base and account for two thirds of its energy revenue. The
new social tariff rates took effect in July 2019 and are subject to
quarterly energy cost and semi-annual FX and inflation adjustments.
Monthly usage fees for low-consumption customers were also cut by
around 30% but this amount is a much smaller percentage of revenue.
Although approved capex investments may offset some shortfall
beginning in 2020, Fitch believes the latest tariff review
indicates an increased regulatory bias in favour of end users.

Leverage High But Trending Downward: Energuate's leverage decreased
to 4.1x in 2018 from 5.4x during the previous year. The improvement
can be attributed to growth in energy sales to 2,300 GWh from 2,246
GWh in 2017, a nearly 1% reduction in energy losses, paying off a
USD3 million revolving credit line and acceleration of fixed-asset
depreciation. Fitch expects the company to continue to lower energy
losses, normalize users not currently being billed and begin
amortizing its local currency loan beginning in mid-2020. Due to
these factors, coupled with anticipated roughly 3.5% GDP and energy
demand growth, Fitch believes the company's leverage will decline
to 3.5x over the rating horizon.

Strategic Initiatives and Cost Savings: Energuate successfully
lowered energy losses by 0.8% in 2018 to 19.5% and, despite the
tariff adjustment, it largely plans to continue installing
anti-theft distribution lines to lower energy losses to 18.0% by
2022. Naturally-occurring losses are also higher due to the long
distances electricity travels between customers. Energuate
estimates economic losses due to conflict zones, primarily in the
western part of the country, at USD50 million per year and it hopes
to normalize over 80,000 customers within three years through
network recovery and new payment facilities. Lastly, it plans USD12
million per year in pro forma operating expense reductions
beginning in mid-2019 to offset new lower tariffs.

Geographic Factors Discourage Competition: Energuate's concessions
include 21 of 22 departments in Guatemala, all except metropolitan
Guatemala City. This effectively mitigates risks related to the
non-exclusivity of the concession. The companies operate 71,768km
of distribution lines delivering 2,636GWh of electricity in 2018
across an area of approximately 100,000 square kilometres. The
company has 1.8 million regulated customers and its concession area
encompasses 12 million people, or 73% of Guatemala's population.
Given low population density and the high investment requirements
to reach new clients, material competition is unlikely.

Challenging Structural Inefficiencies: The strained socioeconomic
condition of rural Guatemala has several operational consequences
for Energuate, including high incidences of energy theft, violent
crime that prevents regular maintenance of its network, and an
underdeveloped formal economy resulting in reduced collection
rates. In an attempt to address some of these challenges, Energuate
expects to maintain its internally funded capex for the foreseeable
future. Particular emphasis will be given to pursuing technological
improvements to reduce energy theft and improve response times when
it occurs.

Strategic Importance to Its Parent: As part of Inkia Energy's
portfolio of Latin American assets, Energuate adds material cash
flows and business diversification to its consolidated profile. The
company forms a significant of component of the Inkia Energy's
assets that provide a subordinate guarantee to Inkia's USD600
million 2027 bond. I Squared Capital's acquisition of Inkia in 2017
further reduces the likelihood of opportunistic cash extraction
from Energuate as it executes key investments to improve
operational sustainability. Additionally, Energuate's parent
company plans to adjust its dividends in light of changes to
projected cash flows.

DERIVATION SUMMARY

In spite of margin compression in the last couple years,
Energuate's profitability continues to compare favorably with
regional peers such as AES El Salvador Trust II's (AES SLV;
B-/Stable) and Elektra Noreste S.A. (ENSA; BBB/Stable). Its weaker
margins in the last two years reflect high levels of non-technical
energy losses compared to its peers, although overall energy losses
trended downward from 20.3% in 2017 to 19.5% in 2018. Leverage
improved to 4.0x as of March 2019 and is higher but comparable to
the aforementioned companies (AES SLV: 3.8x, ENSA: 3.6x), the
distribution model generally supports higher leverage than other
industries, and Energuate's deleveraging trajectory is in line with
the 'BB' category. Similar to AES SLV, a material component of
Energuate's cash flow comes from government subsidies. In contrast
to the Salvadoran government, the Guatemalan government has
historically maintained a strict 30-day payment cycle.
Nevertheless, an increasingly fraught political environment exposes
Energuate to government counterparty risk as its central rating
sensitivity.

KEY ASSUMPTIONS

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

  -- Demand growth in line with forecast sovereign GDP growth of
approximately 3.5% per year;

  -- Approximately 60,000 new customers per year;

  -- Inflation of around 4%, in line with historical figures;

  -- Minimal FX fluctuation, reflecting Guatemala's managed float;

  -- USD10 million in pro forma cost savings annually due to OPEX
reduction plan;

  -- No dividends in 2019 or 2020; cash above USD8 million paid in
dividends thereafter;

  -- Capex of between USD35 million and USD40 million annually
through the medium term;

  -- A significant portion of capex from 2020-2022 is approved by
the regulator and incorporated into tariffs.

RATING SENSITIVITIES

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

  -- Considering Energuate's geographically limited operations and
fundamental exposure to macroeconomic conditions, an upgrade is
unlikely barring a positive rating action on the sovereign in
combination with a sustained debt/EBITDA ratio of 3.5x or less.

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

  -- A downgrade to Guatemala's sovereign rating;

  -- A significant weakening in the country's electricity
regulation system, either regarding tariff adjustments or a
material change in the subsidies received by Energuate;

  -- Weaker operational results due to higher than expected energy
losses and lower than anticipated tariff increases;

  -- A downgrade of Energuate's parent, Nautilus Inkia Holdings
LLC, coupled with significant interference in Energuate's capital
structure.

  -- A sustained debt/EBITDA ratio of 5.5x or greater.

LIQUIDITY

Adequate Liquidity: Energuate's liquidity position benefits from
expected stable cash flow generation and longer-term maturities
with its main financial obligation being a USD330 million bond due
in 2027. The company also has local currency-denominated loans of
USD120 million, which begin amortizing at a rate of approximately
USD16 million per year in mid-2020. Energuate plans to adjust
dividends to shareholders to match future cash flows. The company
maintains committed credit facilities of USD40 million and
uncommitted facilities of USD20 million to cover potential
liquidity shortfalls. Fitch expects the company's 2027 bond to be
rolled over upon maturity.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

Energuate Trust

  -- Long-Term Foreign Currency Issuer Default Rating (IDR) at
'BB';

  -- Long-Term Local Currency IDR at 'BB';

  -- Senior unsecured notes rating at 'BB'.

The Rating Outlook is revised to Negative from Stable.


FRESH ALTERNATIVES: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
Fresh Alternatives, LLC, according to court dockets.
    
                     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.


FRIENDSWOOD COMMERCIAL: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------------
The Office of the U.S. Trustee on July 23 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Friendswood Commercial, LLC.
  
                   About Friendswood Commercial

Friendswood Commercial, LLC classified its business as single asset
real estate (as defined in 11 U.S.C. Section 101(51B)).

Friendswood Commercial sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Texas Case No. 19-80177) on June 3,
2019.  At the time of the filing, the Debtor disclosed assets of
between $1 million and $10 million and liabilities of the same
range.

The case is assigned to Judge Jeffrey P. Norman.  The Debtor is
represented by Waldron & Schneider, L.L.P.


FT/R LLC: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------
The Office of the U.S. Trustee on July 23 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of FT/R, LLC.

                          About FT/R LLC

FT/R, LLC, a Single Asset Real Estate Debtor (as defined in 11
U.S.C. Section 101(51B)), sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Texas Case No. 19-80176) on June 3,
2019.

At the time of the filing, the Debtor had estimated assets of
between $10 million and $50 million and liabilities of $1 million
and $10 million.  

The case is assigned to Judge Jeffrey P. Norman.  The Debtor is
represented by Waldron & Schneider, L.L.P.


GR MABREY: Commercial Credit Group Objects to Disclosure Statement
------------------------------------------------------------------
Commercial Credit Group, Inc., objects to the confirmation of the
Chapter 11 Plan of Reorganization and to the approval of the
Disclosure Statement filed by GR Mabrey Enterprises, LLC, f/d/b/a
Mabrey Enterprises, Inc., f/d/b/a GR Mabrey, Inc.

Commercial Credit asserts that the Debtor is not in compliance with
its terms, including failing to make the required payments, and the
Debtor fails to cure such default within ten (10) days of receipt
of a Notice of Default from Commercial Credit, then the automatic
stay shall be terminated without further notice to any party and
without further hearing from this Court, permitting Commercial
Credit to liquidate its collateral and apply the proceeds to the
payment of the balance due by the Debtor under the terms of the
note and security agreement outlined therein.

According to Commercial Credit, the Disclosure Statement fails to
contain information sufficient to enable creditors to make an
informed decision on how to vote on the Plan.

Commercial Credit complains that the Debtor is not proposing to
infuse or remit any new value in exchange for Mr. Mabrey's
retention of his ownership interest.

Commercial Credit points out that the Plan contains no limitation
on the number of defaults by the Debtor before creditors may
exercise their rights.

Commercial Credit further points out that the Plan does not
preserve creditors' rights to enforce their pre-petition lien
rights in the event of default under the Plan.

Attorney for Commercial Credit Group, Inc.:

     Byron L. Saintsing, Esq.
     SMITH DEBNAM NARRON DRAKE
        SAINTSING & MYERS, L.L.P.
     Post Office Box 176010
     Raleigh, NC 27619-6010
     Telephone: (919) 250-2000
     Facsimile: (919) 250-2211

              About GR Mabrey Enterprises

Based in Roanoke Rapids, North Carolina, GR Mabrey Enterprises,
LLC, fdba Mabrey Enterprises, Inc., fdba GR Mabrey, Inc., which
provides transportation services, filed a voluntary Chapter 11
petition (Bankr. E.D.N.C. Case No. 19-00629) on February 12, 2019.
The case is assigned to Hon. Joseph N. Callaway.

The Debtor's counsel is Clayton W. Cheek, Esq., at The Law Offices
of Oliver & Cheek, PLLC, in New Bern, North Carolina.

At the time of filing, the Debtor had estimated assets of $100,000
to $500,000 and estimated liabilities of $1 million to $10
million.



GR MABREY: PUEFC Objects to Disclosure Statement
------------------------------------------------
People's United Equipment Finance Corp. (hereinafter "PUEFC"),
objects to the confirmation of the Chapter 11 Plan of
Reorganization and to the approval of the Disclosure Statement
filed by GR Mabrey Enterprises, LLC, f/d/b/a Mabrey Enterprises,
Inc., f/d/b/a GR Mabrey, Inc.

PUEFC complains that the proposed treatment of its claim is
objectionable as the Debtor has been in default twice since the
entry of the Consent Order and may very well be in default at the
time of confirmation of the Plan, given its delinquent payment
history to date.

PUEFC points out that the Debtor has provided no projections as to
anticipated funds available from the operation of its business.

According to PUEFC, it is not clear that the Debtor will be able to
make all of the payments required by the Plan. In fact, the
Disclosure Statement concedes that the Debtor, a commercial
trucking and excavation operation, was forced to file for
bankruptcy protection in large part because of the decision in late
2018 of the United States Court of Appeals for the 4th Circuit to
reject permits for building of the Atlantic Coast Pipeline, a
project for which the Debtor had secured various hauling and
excavation contracts.

PUEFC asserts that the Plan contains no business plan, pro forma,
or proposed income for the Debtor's future operations.

Attorney for People's United Equipment Finance Corp.:

     Byron L. Saintsing, Esq.
     SMITH DEBNAM NARRON DRAKE
        SAINTSING & MYERS, L.L.P.
     Post Office Box 176010
     Raleigh, NC 27619-6010
     Telephone: (919) 250-2000
     Facsimile: (919) 250-2211

              About GR Mabrey Enterprises

Based in Roanoke Rapids, North Carolina, GR Mabrey Enterprises,
LLC, fdba Mabrey Enterprises, Inc., fdba GR Mabrey, Inc., which
provides transportation services, filed a voluntary Chapter 11
petition (Bankr. E.D.N.C. Case No. 19-00629) on February 12, 2019.
The case is assigned to Hon. Joseph N. Callaway.

The Debtor's counsel is Clayton W. Cheek, Esq., at The Law Offices
of Oliver & Cheek, PLLC, in New Bern, North Carolina.

At the time of filing, the Debtor had estimated assets of $100,000
to $500,000 and estimated liabilities of $1 million to $10 million.


GREAT SOUTHERN: Seeks to Hire Byrd & Wiser as Counsel
-----------------------------------------------------
Great Southern Golf Club, Inc. seeks authority from the U.S.
Bankruptcy Court for the Southern District of Mississippi to hire
Byrd & Wiser as legal counsel in its Chapter 11 case.

Byrd & Wiser will charge an hourly fee of $325 for partners, $250
for associates, $75 for paralegals and $25 for law clerks.  The
firm will also receive reimbursement for work-related expenses
incurred.

Robert Alan Byrd, Esq., an attorney at Byrd & Wiser, disclosed in
court filings that the firm is "disinterested" as that term is
defined in Section 101(14) of the Bankruptcy Code.

The counsel can be reached at:

     Robert Alan Byrd, Esq.
     Byrd & Wiser
     P.O. Box 1939
     Biloxi, MS 39533
     Tel: 228 432-8123
     Fax: 228 432-7029
     E-mail: rab@byrdwiser.com

               About Great Southern Golf Club, Inc.

Great Southern Golf Club, Inc. -- https://golfgreatsouthern.com/ --
owns and operates a golf course in Gulfport, Miss.

Great Southern Golf Club filed a voluntary petition under Chapter
11 of the Bankruptcy Code (S.D. Miss. Case No. 19-51282) on July 3,
2019. In the petition signed by Jerry W. Smith, treasurer, the
Debtor estimated $1 million to $10 million in both assets and
liabilities. Robert Alan Byrd, Esq., at Byrd & Wiser is the
Debtor's counsel.  The case is assigned to Judge Katharine M.
Samson.


GREENWAY SERVICES: Final Cash Collateral Order Entered
------------------------------------------------------
Judge Paul M. Black of the U.S. Bankruptcy Court for the Western
District of Virginia authorized Greenway Services, Inc. to use cash
collateral as set forth in the final order.

National Bank, Deere Construction, Deere Credit, assert valid and
properly perfected first priority security interests in certain of
the Debtor's property, including property constituting cash
collateral.

The Debtor is permitted to use cash collateral to pay the following
expenses:

      (a) Employee payroll and sales commissions and related state
and federal employment and withholding taxes and any deposits with
regard thereto and employee benefit expenses incurred and payable
in the ordinary course of Debtor's business;

      (b) Such other expenses as set out in the cash collateral
budget as being necessary to the continuation of the Debtor's
business; and

      (c) The Cash Collateral used will not exceed the sum of
$140,868.16

National Bank is granted first party lien in all accounts
receivable and the proceeds thereof generated by the Debtor
post-petition to the extent of any diminution in value of cash
collateral.

The Debtor will permit representatives of any of the three
creditors full and free access to its books, records and place of
business to verify the existence, condition and location of
property in which said creditor holds a lien.

A copy of the Final Cash Collateral Order is available for free at

              http://bankrupt.com/misc/vawb19-70750-57.pdf

                    About Greenway Services

Services, Inc. -- http://greenwayservicesincorporated.com/--
offers clearing and demolition, earthwork, storm drainage,
utilities, and paving and concrete services. Since 1989, the
Company has been serving the NC, SC, VA, TN and KY areas.

Greenway Services, Inc., based in Abingdon, VA, filed a Chapter 11
petition (Bankr. W.D. Va. Case No. 19-70750) on May 31, 2019.  In
the petition signed by Mark D. Osborne, president, the Debtor
estimated $1 million to $10 million in both assets and liabilities.
The Hon. Paul M. Black oversees the case.  The Debtor hired
Copeland Law Firm, P.C, as bankruptcy counsel to the Debtor.



H. TRENT ELSON: Hires Mickler & Mickler as Counsel
--------------------------------------------------
H. Trent Elson Underground Sprinkler System, Inc., seeks authority
from the U.S. Bankruptcy Court for the Middle District of Florida
to employ the Law Offices of Mickler & Mickler, LLP, as counsel to
the Debtor.

H. Trent Elson requires Mickler & Mickler to represent and provide
legal services to the Debtor in the Chapter 11 bankruptcy
proceedings.

Mickler & Mickler will be paid at the hourly rates of $250-$350.

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

Bryan K. Mickler, partner of Law Offices of Mickler & Mickler, 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.

Mickler & Mickler can be reached at:

     Bryan K. Mickler, Esq.
     LAW OFFICES OF MICKLER & MICKLER, LLP
     5452 Arlington Expressway
     Jacksonville, FL 32211
     Tel: (904) 725-0822
     Fax: (904) 725-0855
     E-mail: bkmickler@planlaw.com

              About H. Trent Elson Underground
                       Sprinkler System

H. Trent Elson Underground Sprinkler System, Inc., filed a Chapter
11 bankruptcy petition (Bankr. M.D. Fla. Case No. 19-02510) on July
3, 2019, disclosing under $1 million in both assets and
liabilities.  The Debtor is represented by Bryan K. Mickler, Esq.,
at the Law Offices of Mickler & Mickler, LLP.



I.K.E. ELECTRICAL: Seeks to Hire Scura Wigfield as Counsel
----------------------------------------------------------
I.K.E. Electrical Corp., seeks authority from the U.S. Bankruptcy
Court for the District of New Jersey to employ Scura Wigfield Heyer
& Stevens, LLP, as counsel to the Debtor.

I.K.E. Electrical requires Scura Wigfield to:

   -- advise the Debtor regarding its duties as Debtor-in-
      Possession;

   -- assist with the administration of the Chapter 11 case; and

   -- perform all legal services which may be necessary.

Scura Wigfield will be paid at these hourly rates:

     Partners             $425
     Associates           $350
     Paralegals           $150

Scura Wigfield will be paid a retainer in the amount of $6,000.

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

David L. Stevens, partner of Scura Wigfield Heyer & Stevens, 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.

Scura Wigfield can be reached at:

     David L. Stevens, Esq.
     SCURA WIGFIELD HEYER & STEVENS, LLP
     1599 Hamburg Turnpike
     Wayne, NJ 07470
     Tel: (973) 696-8391

                 About I.K.E. Electrical Corp.

I.K.E. Electrical Corporation is a residential electrical
contractor in Closter, New Jersey. The Company previously sought
bankruptcy protection on April 28, 2016 (Bankr. D. N.J. Case No.
16-18212).

I.K.E. Electrical Corporation, based in Closter, NJ, filed a
Chapter 11 petition (Bankr. D.N.J. Case No. 19-22216) on June 19,
2019. The Hon. John K. Sherwood presides over the case. David L.
Stevens, Esq., at Scura, Wigfield, Heyer & Stevens, LLP, serves as
the Debtor's bankruptcy counsel.  In the petition signed by Rebecca
S. Adika, president, the Debtor estimated $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities.




IMMUNE PHARMACEUTICALS: Committee Taps Gornitzky & Co as Counsel
----------------------------------------------------------------
The official committee of unsecured creditors of Immune
Pharmaceuticals Inc. received approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire Gornitzky & Co as its
special counsel.

The firm will represent the committee in the Israeli proceedings of
Immune Pharmaceuticals, Ltd. and provide advice concerning Israeli
law and the sale of assets owned in part by the company.

The firm's hourly rates are:

     Partner           $330 - $600
     Associate         $200 - $280
     Legal Interns        $100

The rate for the attorneys who are expected to be most actively
involved is $350 per hour.

Gornitzky & Co is "disinterested" as defined in Section 101(14) of
the Bankruptcy Code, according to court filings.

The firm maintains an office at:

     Gornitzky & Co
     45 Rothschild Blvd.
      Tel Aviv
     6578403 Israel
      P.O.B. 29141
     Phone: +972-3-710-9191
     Fax: +972-3-560-6555
     Email: office@gornitzky.com

                    About Immune Pharmaceuticals

Immune Pharmaceuticals Inc., together with its subsidiaries, is a
clinical stage biopharmaceutical company specializing in the
development of novel targeted therapeutic agents in the fields of
inflammation, dermatology, and oncology.  The company is
headquartered in Englewood Cliffs, New Jersey.

Immune Pharmaceuticals, et al., filed for bankruptcy protection
(Bankr. D.N.J. Case No. 19-13273) on Feb. 17, 2019.  The Debtors
disclosed total assets of $20.72 million and total debt of $19.87
million as of Sept. 30, 2018.

The Hon. Vincent F. Papalia oversees the cases.

The Debtors tapped Norris McLaughlin & Marcus, PA as bankruptcy
counsel; Lowenstein Sandler LLP as special corporate counsel;
Frumin Mizrach Nachum & Co. Law Offices, as special Israeli
counsel; Armory Group LLC and Vine Holding Group as investment
bankers.  Gary H. Rabin is the chief restructuring officer.

The Official Committee of Unsecured Creditors formed in the case
retained Porzio Bromberg & Newman, P.C., as counsel.


INFORMATION TECHNOLOGY: Seeks More Time to File Bankruptcy Plan
---------------------------------------------------------------
Information Technology Procurement Sourcing, LLC asked the U.S.
Bankruptcy Court for the Western District of Pennsylvania to extend
the period during which it has exclusive right to file a Chapter 11
plan through Aug. 31 and to solicit votes through Sept. 30.

The company believes it is in the best interest of the estate to
preserve its exclusive right to put forth its plan and conduct a
sale of its assets rather than risk the potential confusion that
results from another party proposing a plan.

Currently, the company has its Chapter 11 plan substantially
drafted with only a few open items remaining. The plan contemplates
a sale of substantially all of its assets through a public auction.
The company, however, is still in the process of drafting the asset
purchase agreement and the sale motion. Thus, additional time is
needed in order to file the sale motion and run the sale process in
a manner that will result in the highest, best outcome for the
estate, according to court filings.

                   About Information Technology
                     Procurement Sourcing LLC

Information Technology Procurement Sourcing, LLC sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No.
19-20087) on Jan. 7, 2019.  At the time of the filing, the Debtor
estimated assets of less than $1 million and liabilities of less
than $1 million.  The case has been assigned to Judge Carlota M.
Bohm.  The Debtor tapped Stonecipher Law Firm as its legal counsel.


INSIGNIA TECHNOLOGY: Expand Accountant Scope of Employment
----------------------------------------------------------
Insignia Technology Services, LLC, seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Virginia to expand the
scope of employment of Katz Abosch Windesheim Gershman & Freedman,
P.A., as accountant to the Debtor.

Insignia Technology requires Katz Abosch to assist the Debtor in
the preparation and filing of the Debtor's 2018 federal and state
tax returns.

Katz Abosch will be paid at these hourly rates:

Katz Abosch will be paid at these hourly rates:

     Directors                    $325 to $450
     Managers                     $250 to $325
     Senior Consultants           $175 to $250
     Consultants                  $125 to $175
     Analysts                     $85 to $125

Katz Abosch will be paid a retainer in the amount of $20,000.

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

David T. Witherspoon, a partner at Katz Abosch, 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.

Katz Abosch can be reached at:

     David T. Witherspoon
     KATZ ABOSCH WINDESHEIM
     GERSHMAN & FREEDMAN, P.A.
     9690 Deereco Road, Suite 500
     Timonium, MD 21093
     Tel: (410) 828-2727

              About Insignia Technology Services

Insignia Technology Services, LLC --
https://insigniatechnology.com/ -- is a provider of information
technology, software engineering, and instructional design and
collaborative environments for its government and commercial
clients. The Company specializes in full Systems Development Life
Cycle support of complex, Enterprise-class IT systems running in
mission-critical, high-availability environments. The company was
founded in 2006 and is based in Newport News, Virginia with
locations in Arlington, Virginia; North Charleston, South Carolina;
St. Louis, Missouri; New Orleans, Louisiana; Clearwater, Florida;
Boston, Massachusetts; and Denver, Colorado.

Insignia Technology Services, LLC, based in Newport News, VA, filed
a Chapter 11 petition (Bankr. E.D. Va. Case No. 19-50277) on March
2, 2019.  In the petition signed by CEO Frederick P. O'Brien, the
Debtor estimated $1 million to $10 million in assets and $10
million to $50 million in liabilities.  The Hon. Stephen C. St.
John oversees the case.  The Debtor tapped Pillsbury Winthrop Shaw
Pittman LLP, as bankruptcy counsel, and Fox Rothschild LLP, as
general legal and government contracting counsel.



INSIGNIA TECHNOLOGY: Seeks to Hire Russo Group as Consultant
------------------------------------------------------------
Insignia Technology Services, LLC, seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Virginia to employ The
Russo Group LLC, as government contracting consultant to the
Debtor.

Insignia Technology requires Russo Group to:

   (1) provide business and programmatic consulting and advisory
       services relating to proposing, winning and performing
       contracts with agencies of the U.S. federal government,
       including advising on the implications of the Debtor's
       bankruptcy on its ability to demonstrate that it is a
       financially responsible contractor that will be able to
       perform on any contracts the Debtor is awarded;

   (2) assist the Debtor with its contractual and other
       relationships with the federal government; and

   (3) advise and provide services to the Debtor regarding the
       government's likely response to a liquidation of the
       Debtor.

Russo Group 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.

Russo Group will be paid a retainer in the amount of $2,600.

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

              About Insignia Technology Services

Insignia Technology Services, LLC --
https://insigniatechnology.com/ -- is a provider of information
technology, software engineering, and instructional design and
collaborative environments for its government and commercial
clients. The Company specializes in full Systems Development Life
Cycle support of complex, Enterprise-class IT systems running in
mission-critical, high-availability environments. The company was
founded in 2006 and is based in Newport News, Virginia with
locations in Arlington, Virginia; North Charleston, South Carolina;
St. Louis, Missouri; New Orleans, Louisiana; Clearwater, Florida;
Boston, Massachusetts; and Denver, Colorado.

Insignia Technology Services, LLC, based in Newport News, VA, filed
a Chapter 11 petition (Bankr. E.D. Va. Case No. 19-50277) on March
2, 2019.  In the petition signed by CEO Frederick P. O'Brien, the
Debtor estimated $1 million to $10 million in assets and $10
million to $50 million in liabilities.  The Hon. Stephen C. St.
John oversees the case.  The Debtor tapped Pillsbury Winthrop Shaw
Pittman LLP, as bankruptcy counsel, and Fox Rothschild LLP, as
general legal and government contracting counsel.



INSYS THERAPEUTICS: Bid to Appoint Committee of Gov't Units Denied
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware denied the
motion filed by a group of municipalities to appoint a committee to
represent municipalities and other governmental units in the
Chapter 11 cases of Insys Therapeutics, Inc. and its affiliates.

If the group appeals the ruling, the court reserves its right to
file a written opinion supporting its ruling.

                   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, on June 20, 2019,
appointed nine creditors to serve on the official committee of
unsecured creditors in the Chapter 11 cases.  Akin Gump Strauss
Hauer & Feld LLP, and Bayard, P.A., serve as the Committee's
counsel.


INTERIOR COMMERCIAL: Hires Fuller Law Firm as Attorney
------------------------------------------------------
Interior Commercial Installation, Inc., seeks authority from the
U.S. Bankruptcy Court for the Northern District of California to
employ The Fuller Law Firm, P.C., as attorney to the Debtor
substituting the Law Offices of David C. Johnston.

Interior Commercial requires Fuller Law Firm to:

   (a) advise the Debtor with respect to its powers and duties as
       Debtor-in-possession;

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

   (c) take all necessary action to protect and preserve the
       Debtor's estate;

   (d) prepare on behalf of the Debtor all motions, applications,
       answers, orders, reports, and papers necessary to the
       administration of the estate and to review but not to
       prepare the monthly operating reports required to be filed
       in the herein case;

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

   (f) advise the Debtor in connection with the possible sale or
       any possible re-finance of its assets;

   (g) appear before the Court and the U.S. Trustee and protect
       the interest of the Debtor's estate before such courts and
       the U.S. Trustee; and

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

Fuller Law Firm will be paid at these hourly rates:

         Lars T. Fuller            $505
         Saman Taherian            $485
         Joyce Lau                 $395

Prior to the Petition Date, the Debtor paid Fuller Law Firm the
amount of $10,000. The Debtor will pay an additional amount of
$15,000 to the firm.

Fuller Law Firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Lars T. Fuller, partner of The Fuller Law Firm, P.C., 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.

Fuller Law Firm can be reached at:

     Lars T. Fuller, Esq.
     THE FULLER LAW FIRM, P.C.
     60 No. Keeble Ave.
     San Jose, CA 95126
     Tel: (408) 295-5595
     Fax: (408) 295-9852

              About Interior Commercial Installation

Interior Commercial Installation, Inc., offers commercial clients a
wide variety of countertop surfaces, all the latest trends and
traditional materials, colors, patterns, and finishes that meet
their business needs. Among the materials available are Natural
Stone, Caesarstone, Silestone, LG Hi-Macs, Icestone, Vetrazzo, LG
Viaterra, Cambria, Dekton, Lapitec, Zodiaq by Dupont, and Corian by
Dupont. The Company previously sought bankruptcy protection on Nov.
16, 2018 (Bankr. N.D. Cal. Case No. 18-42689).

Interior Commercial Installation filed a Chapter 11 petition
(Bankr. N.D. Cal. Case No. 18-42874) on Dec. 7, 2018.  In the
petition signed by Jens C. Jensen, president, the Debtor disclosed
$1,944,548 in total assets and $1,408,103 in total debt. The Hon.
Charles Novack is the case judge.  The Fuller Law Firm, P.C., is
serving as the Debtor's attorney, after substituting for The DebLaw
Offices of David C. Johnston.


INVERNESS VILLAGE: Files for Chapter 11 to Sell to Rival
--------------------------------------------------------
Inverness Village has sought Chapter 11 protection after reaching a
deal to sell its 256-unit modern senior living community to a unit
of Covenant Living Communities and Services, absent higher and
better offers.

Covenant Living's stalking horse bid provides for a cash payment of
$41 million, the assumption of all residency agreements of current
residents, and the assumption of all entrance fee refund
obligations owed to current and former residents.

Constructed at a cost of $97 million, the Inverness Facility is a
modern senior living community that was completed in 2003 and
accommodates residents' needs based on their required level of care
through its integrated independent living facility, assisted living
facility, and skilled nursing and memory-care facilities.  As a
continuing care retirement community (a "CCRC"), it offers its
residents a continuum of care in a campus-style setting, providing
living accommodations and other services to seniors aged 55 and
older.

The Inverness Facility is located at 3800 West 71st Street, Tulsa,
Creek County, Oklahoma, sits on 190 acres, and includes these
facilities:

   (a) An independent living facility that has a total of 256 units
consisting of (i) 196 apartments that are one- or two-bedroom units
located in a 3-story building with underground parking and covered
parking spaces; 40 cottages that range in size from 1,516 to 1,912
square feet, each equipped with a two-car attached garage; and
(iii) 20 garden homes that are free-standing residences with floor
plans ranging from 2,101 to 2,308 square feet, each equipped with a
two-car attached garage and a safe room for severe weather.

The Debtor generates monthly operating revenues in a range of $1.5
to $1.7 million.

   (b) An assisted living facility that offers personalized care
support in a secure area with 31 assisted living units (consisting
of 35 beds) and 12 memory care units.

   (c) A skilled nursing facility that consists of 44 private
rooms, all of which are Medicare-certified and 12 of which are in a
secure area for memory care residents.

Currently the Inverness Facility has approximately 293 residents
with such residents requiring a varying degree of care classified
as independent living, assisted living, and skilled nursing.

The operations of the Inverness Facility are managed by Asbury
Communities, Inc., pursuant to a management services agreement.
Asbury charges a management fee equal to 5.4% of annual gross
operating revenue or $90,983 per month thus far in 2019 and a
technology fee equal to $34,993 per month thus far in 2019.

The Debtor has no employees, and Inverness staff is employed by
Affiliated Associates, Inc., an entity affiliated with Asbury.  The
Debtor is responsible for all of the payroll costs and funds the
cost of Debtor's staff shortly before disbursement of the payroll
and related taxes, fees, and costs by Affiliated.

                 Prepetition Financial Structure

The Debtor has a complex financial structure.  There are
essentially 4 groups of creditors generally described as follows:

     (a) Bondholders.  UMB Bank, N.A. serves as trustee for certain
unidentified bondholders under a Trust Indenture dated as of May 1,
2012 between The Oklahoma Development Finance Authority (the
"Issuer") and the Bond Trustee and under that certain Trust
Indenture dated as of July 1, 2013 between the Issuer and the Bond
Trustee.  The Bond Trustee contends that in excess of $65 million
is due and owing under the Indentures.

     (b) Asbury.  In addition to having management and operating
responsibility over essentially all aspects of the Inverness
Facility, for a period of many years Asbury has provided financial
support to the operation of the Inverness Facility in an amount in
excess of $45 million.  The audit report for the Debtor
commissioned by Asbury shows the following amounts of indebtedness
owed by the Debtor to Asbury:

      Due to ACOMM, Net                       $11,088,186
      Deferred Debt -Due to Asbury             $6,231,883
      Accrued Interest-Deferred Debt             $347,749
      Subordinated Loan-Due to Asbury         $13,000,000
      Accrued Interest-Subordinated Loan       $6,787,946

     (c) Resident Refund Obligations.  Residents at the Inverness
Facility execute a Residency Agreement that includes the payment of
a significant entrance fee.  Depending on the form of Residency
Agreement executed by a resident, a portion of the entrance fee is
refundable.  The amount of refundable entrance fees is recorded on
the Debtor's balance sheet as both a current and non-current
liability in an amount in excess of $60 million. Residents or their
heirs are only entitled to a refund of the entrance fees upon the
satisfaction of several conditions, including a new resident
occupying the former's resident's independent living unit.

     (d) Trade creditors and Employees.  This class of creditors
includes trade vendors (including food and drug suppliers) with
outstanding and unpaid invoices of Debtor from time to time and
staff at the Inverness Facility that are due their compensation
from time to time.

The Debtor's financial structure is further complicated by the
terms and conditions of a Subordination Agreement between Asbury,
the Bond Trustee, and the Debtor and that Certain Manager's Consent
and Agreement between Asbury and the Bond Trustee whereby Asbury
subordinated to the Bond Trustee certain indebtedness and payment
obligations owed by the Debtor to Asbury.

Asbury has been the sole corporate member and sponsor of Debtor
since inception.

                Events Leading to Chapter 11 Filing

Michael Thatcher, a senior managing director of GlassRatner
Advisory Capital Group who was tapped as CRO for the Debtor
starting December 2018, explains that at this time, the Inverness
Facility has no operational or healthcare issues and has not found
itself defending contentious litigation brought on by its residents
or its estate.  Since the Debtor's defaults in early 2018 the level
of services and care provided to the Debtor's residents have been
largely unaffected by the Debtor's financial difficulties. The
reason for the Debtor's bankruptcy case is that Debtor simply
cannot continue to maintain its current debt structure.

The senior housing market in Tulsa, Oklahoma is very competitive
and has been since Debtor opened for business. Debtor competes with
three primary competitors all located within a 15-mile radius of
the Inverness Facility.  The Debtors and its competitors compete
not only for residents, but also for staff.

From inception, Asbury had financially supported the Debtor by
providing direct cash contributions, waiving certain fees and
expenses, and satisfying certain obligations of the Debtor.

Asbury announced to the Debtor late in 2017 that Asbury would no
longer financially support the Debtor.  Therefore, the Debtor
failed to make its required payments to the Bond Trustee in January
2018.  Such payment default resulted in a temporary inability to
offer Residency Agreements due to the characterization of the
Residency Agreements as a "security" under to Oklahoma law.  After
initially ceasing the offering of Residency Agreements in January
2018 due to the bond default, the Debtor was able to again offer
Residency Agreements from approximately May 15, 2018 through
October, 2018.  The Debtor voluntarily suspended the execution of
new Residency Agreements in November, 2018 due to a lack of
forbearance agreement with the Bond Trustee and the commencement of
the Bond Lawsuit.  The Debtor is proposing to the Court a procedure
that will allow the Debtor to execute new Residency Agreements
during the Chapter 11 case.

On Oct. 10, 2018 the Bond Trustee commenced a lawsuit in Creek
County, Oklahoma that sought to foreclose on the Inverness Facility
(the "Bond Lawsuit").  The Bond Trustee also sought the appointment
of a receiver over the Inverness Facility.  On Oct. 10, 2018 the
District Court for Creek County entered its "Order Appointing
Receiver".  The Order was entered on an ex parte basis and
appointed a Receiver and granted injunctive relief without offering
the Debtor an opportunity to challenge the relief requested. The
Order also ordered injunctive relief without the posting of a bond
as required by Oklahoma law.  On Oct. 31, 2018 the Debtor filed
"Defendant's Motion to Vacate Ex Parte Order and Brief in Support"
that sought to vacate the Order.  At a hearing on Nov. 9, 2018, the
Court vacated its prior Order appointing a Receiver.  A properly
noticed hearing on the Application to Appoint Receiver was then
scheduled for Dec. 21, 2018.

Subsequent to the hearing on Nov. 9, 2018, the Debtor's Board of
Directors and the Bond Trustee engaged in a constructive dialogue
relating to the future of the Inverness Facility.  Those
discussions resulted in the execution of a Forbearance Agreement
effective Dec. 20, 2018.  The Forbearance Agreement outlined the
retention of a CRO and investment bankers and outlined a timeline
for the Sale Process.

In December 2018, the Debtor's restructuring professionals engaged
in discussions with the Bond Trustee that resulted in the execution
of the Forbearance Agreement that included a requirement for the
submission of periodic operating budgets, and the commencement of a
sale process for the Inverness Facility. Upon the execution of the
Forbearance Agreement, the Debtor commenced a process of marketing
and offering for sale the Inverness Facility.

Since the beginning of 2019, the Debtor has engaged investment
bankers and conducted an active and robust sale process for the
Inverness Facility.  A total of 634 financial and strategic parties
were contacted by the Debtor's professionals and invited to
participate in the sale process.  As a result of the initial
solicitation, 32 parties executed nondisclosure agreements with the
Debtor and were granted access to the Debtor's electronic data
room.  After an initial round of due diligence and numerous site
visits at the Inverness Facility, 10 parties submitted non-binding
term sheets (the "Initial Proposals") for the acquisition of the
Inverness Facility.  The Initial Proposals were proposed by for
profit and non-profit organizations and included a variety of
acquisition structures, including cash purchases and debt
restructurings.  Parties were then asked to revise their Initial
Proposals to further enhance and clarify the consideration being
offered.  Following a review of the revised Initial Proposals, two
parties were determined to have submitted offers that were
sufficient to warrant providing additional due diligence and the
negotiation of definitive acquisition agreements with the Debtor.
Of those two bidders, the Debtor selected Tulsa Hills Community,
Inc., an Oklahoma not for profit corporation and subsidiary of
Covenant Living Communities and Services, as the Stalking Horse
Bidder that submitted the best offer for the Inverness Facility.
The Chapter 11 Case was commenced in order to consummate the sale
of the Inverness Facility.

                     About Inverness Village

Inverness Village -- https://www.invernessvillage.com/ -- is an
Oklahoma not-for-profit corporation that operates the Inverness
Village continuing care retirement community.  The Inverness
Facility is a modern senior living community that was completed in
2003 and accommodates residents' needs based on their required
level of care through its integrated independent living facility,
assisted living facility, and skilled nursing, and memory-care
facilities.

On July 22, 2019, Inverness Village sought Chapter 11 protection
(Bankr. N.D. Okla. Case No. 19-11510) in Tulsa.

The Debtor disclosed $62.3 million in assets and $174.9 million in
debt as of June 30, 2019.

The Hon. Dana L. Rasure is the case judge.

The Debtor tapped TOMLINS & PETERS, PLLC, as counsel; CONNER &
WINTERS, LLP, as co-counsel; RBC CAPITAL MARKETS, LLC and  B. RILEY
FBR, INC., as investment bankers; and GLASSRATNER ADVISORY &
CAPITAL GROUP, LLC, as financial advisor. EPIQ CORPORATE
RESTRUCTURING, LLC, is the claims agent.




J&D REALTY: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of J&D Realty, LLC as of July 24, according to
a court docket.

                        About J&D Realty LLC

J&D Realty, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Minn. Case No. 19-31968) on June 17,
2019.  At the time of the filing, the Debtor disclosed assets of
between $100,001 and $500,000 and liabilities of the same range.
The case is assigned to Judge Katherine A. Constantine.  The Debtor
is represented by Lamey Law Firm, P.A.


JOERNS WOUNDCO: Hires Conway MacKenzie as Restructuring Advisor
---------------------------------------------------------------
Joerns Woundco Holdings, Inc., and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ Conway MacKenzie, Inc., as restructuring advisor
to the Debtors.

Joerns Woundco requires Conway MacKenzie to:

   (a) work with the Debtors and White & Case LLP, as
       appropriate, and its retained investment banking and other
       legal professionals, to satisfy information requests from
       the Debtors' lenders, equity providers, potential
       investors, buyers, or capital providers to the Debtors, as
       well as their respective professional advisors;

   (b) assist management, where appropriate, in communications
       and negotiations with stakeholders critical to the
       successful execution of the Debtors' near-term business
       plan;

   (c) assist the Debtors and W&C, if necessary, in connection
       with the preparation of documents, pleadings, filings,
       and live testimony with respect to any chapter 11 filing
       under the Bankruptcy Code;

   (d) assist management in analyzing potential restructuring
       transactions and proposals;

   (e) participate in meetings and negotiations among interested
       parties;

   (f) assist management in analyzing and securing debtor in
       possession financing and negotiating its terms;

   (g) assist management to prepare forecasts of near term
       liquidity and long term financial performance, as well as
       assisting with modeling the financial impact of various
       strategic alternatives; and

   (h) provide additional services in preparation for the
       Debtors' chapter 11 filing.

Conway MacKenzie will be paid at these hourly rates:

     Senior Managing Directors         $685 to $830
     Managing Directors                $600 to $690
     Directors                         $465 to $590
     Analysts and Senior Associates    $260 to $450
     Paraprofessionals                 $180 to $260

Prior to the filing date, Conway MacKenzie was holding a retainer
of $200,000.00. After applying the retainer to Conway MacKenzie's
estimated fees and expenses incurred through the filing date,
Conway MacKenzie was holding a retainer of $82,827.50.

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

Erik M. Graber, partner of Conway MacKenzie, Inc., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Conway MacKenzie can be reached at:

     Erik M. Graber, Esq.
     CONWAY MACKENZIE, INC.
     401 S. Old Woodward Ave.
     Birmingham, MI 48009
     Tel: (248) 433-3100

                  About Joerns Woundco Holdings

Joerns WoundCo Holdings, Inc. -- http://www.joerns.com/--
manufactures, distributes, and services healthcare beds,
therapeutic surfaces, patient handling products, and negative
pressure wound therapy devices, with a number of brands, including
Ultracare XT bed frame and Hoyer lifts. Founded as the Joerns
Brothers Furniture Company in 1889, the company entered the
healthcare industry in 1960.

Joerns and its affiliates have 130 distribution locations and other
facilities located throughout the United States.  The company is
headquartered in Charlotte, N.C. and has approximately 1,100
employees in the United States.

Joerns and 12 affiliates each filed petitions seeking voluntary
relief under Chapter 11 of the Bankruptcy Code on June 24, 2019.
The lead case is In re Joerns WoundCo Holdings, Inc. (D. Del. Lead
Case No. 19-11401).

The Debtors estimated assets on a consolidated basis of $100
million to $500 million and liabilities of the same range as of the
bankruptcy filing.

The Debtors tapped White & Case LLP as restructuring counsel; Fox
Rothschild LLP as local restructuring counsel; Moelis & Company as
investment banker and financial advisor; and Conway Mackenzie,
Inc., as restructuring advisor. Epiq Corporate Restructuring, LLC,
is the claims and noticing agent.


JOERNS WOUNDCO: Hires Financial Advisor and Investment Banker
-------------------------------------------------------------
Joerns Woundco Holdings, Inc., and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ Moelis & Company LLC, as financial advisr and
investment banker to the Debtors.

Joerns Woundco requires Moelis & Company to:

   a. assist in reviewing and analyzing the Debtors' results of
      operations, financial conditions, business plan, and
      financial outlook;

   b. analyze the Debtors' financial condition and liquidity, and
      evaluating alternatives to improve such condition and
      liquidity;

   c. evaluate the Debtors' debt capacity and alternative capital
      structures;

   d. assist in reviewing, developing, and analyzing any
      potential Restructuring, Sale Transaction, or Capital
      Transaction;

   e. assist the Debtors in negotiations among the Debtors and
      their creditors with respect to any Restructuring, Capital
      Transaction, or Sale Transaction;

   f. assist in determining a range of values for the Debtors;

   g. attend meetings and participating and assisting the Debtors
      in negotiations among the Debtors and their creditors with
      respect to any Restructuring, Sale Transaction, or Capital
      Transaction;

   h. advise the Debtors on their preparation of information
      materials for a potential Sale Transaction, or Capital
      Transaction (the "Information Materials");

   i. assist the Debtors in contacting potential purchasers of a
      Capital Transaction that Moelis, the Debtors' counsel, and
      the Debtors agree are appropriate, and meeting with and
      providing them with the Information Materials and such
      additional information about the Debtor's assets,
      properties, or businesses that is acceptable to the
      Debtors, subject to customary business confidentiality
      agreements;

   j. provide expert advice and testimony regarding the
      transactions and matters contemplated by and/or described
      in Engagement Agreement; and

   k. advise and assist on (i) strategic and other matters
      relating to any Restructuring, Sale Transaction, or Capital
      Transaction, (ii) negotiating waivers and forbearances or
      amendments of various debt facilities and agreements with
      lenders and creditors of the Debtors, and (iii) preparing
      for, and in connection with, a potential Bankruptcy Case
      customary for a financial advisor; and xii.  providing such
      other financial advisory and investment banking services in
      connection with a Restructuring, Sale Transaction, or
      Capital Transaction as the Debtors and Moelis may mutually
      agree upon.

Moelis & Company will be paid as follows:

   -- Monthly Fee: A monthly fee (the "Monthly Fee") of $150,000,
      payable in advance of each month for the first two months.
      Thereafter, the Monthly Fee will be reduced to $125,000.
      100% of the Monthly Fee shall be offset, to the extent
      previously paid, against the Sale Transaction Fee. After
      the first four months, 50% of the Monthly Fee shall be
      offset, to the extent previously paid, against the
      Restructuring Fee or Capital Transaction Fee.

   -- Restructuring Fee: At the closing of a Restructuring, a
      one-time fee (the "Restructuring Fee") of $3,500,000.00.

   -- Sale Transaction Fee: At the closing of a Sale Transaction,
      a one-time, non-refundable cash fee (the "Sale Transaction
      Fee") in an amount equal to: o 1.25% of Transaction Value
      for amounts up to $400 million; plus o 5% of Transaction
      Value for amounts in excess of $400 million up to and
      including $400 million. In the event of a Sale Transaction
      that is consummated pursuant to section 363 of the
      Bankruptcy Code, such Sale Transaction shall trigger a Sale
      Transaction Fee, and any resulting or subsequent
      Restructuring involving the Company shall trigger a
      Restructuring Fee. The maximum fee for both the
      Sale Transaction and Restructuring Transaction, if fees for
      both transactions are triggered, is capped at $5,500,000
      (the "Sale Transaction Fee Cap"); provided, however, that
      in the event the Sale Transaction Fee on a standalone basis
      is in excess of the Sale Transaction Fee Cap, the
      Restructuring Fee will be zero and the Sale Transaction Fee
      Cap will not apply.

   -- Capital Transaction Fee: At the closing of a Capital
      Transaction, a non-refundable cash fee (the "Capital
      Transaction Fee") in an amount equal to:

      - 3% of the aggregate gross amount or face value of capital
        Raised (as defined in the Engagement Agreement) in the
        Capital Transaction as equity, equity-linked interests,
        options, warrants, or other rights to acquire entity
        interests; plus

      - 3% of the aggregate gross amount of unsecured debt
        obligations; plus;

      - 2% of the aggregate gross amount of 1.5 lien or second
        lien debt obligations; plus

      - 1% of the aggregate gross amount of first lien debt
        obligations, and other interests Raised in the Capital
        Transaction.

       In the event both the Capital Transaction Fee and the
       Restructuring Fee are triggered, 50% of the Capital
       Transaction Fee above $1,500,000, to the extent
       paid, will be credited toward the Restructuring Fee, to a
       maximum credit amount of $1,500,000.

Barak Klein, partner of Moelis & Company LLC, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Moelis & Company can be reached at:

     Barak Klein
     Moelis & Company LLC
     399 Park Avenue
     New York, NY 10022
     Tel: (212) 883-3800

                 About Joerns Woundco Holdings

Joerns WoundCo Holdings, Inc. -- http://www.joerns.com/--
manufactures, distributes, and services healthcare beds,
therapeutic surfaces, patient handling products, and negative
pressure wound therapy devices, with a number of brands, including
Ultracare XT bed frame and Hoyer lifts. Founded as the Joerns
Brothers Furniture Company in 1889, the company entered the
healthcare industry in 1960.

Joerns and its affiliates have 130 distribution locations and other
facilities located throughout the United States.  The company is
headquartered in Charlotte, N.C. and has approximately 1,100
employees in the United States.

Joerns and 12 affiliates each filed petitions seeking voluntary
relief under Chapter 11 of the Bankruptcy Code on June 24, 2019.
The lead case is In re Joerns WoundCo Holdings, Inc. (D. Del. Lead
Case No. 19-11401).

The Debtors estimated assets on a consolidated basis of $100
million to $500 million and liabilities of the same range as of the
bankruptcy filing.

The Debtors tapped White & Case LLP as restructuring counsel; Fox
Rothschild LLP as local restructuring counsel; Moelis & Company as
investment banker and financial advisor; and Conway Mackenzie,
Inc., as restructuring advisor. Epiq Corporate Restructuring, LLC,
is the claims and noticing agent.


JOERNS WOUNDCO: Seeks to Hire Epiq as Aministrative Advisor
-----------------------------------------------------------
Joerns Woundco Holdings, Inc., and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ Epiq Corporate Restructuring, LLC, as
administrative advisor to the Debtors.

Joerns Woundco requires Epiq to:

   (a) assist with, among other things, solicitation, balloting,
       tabulation, and calculation of votes, as well as preparing
       any appropriate reports, as required in furtherance of
       confirmation of plans of reorganization;

   (b) generate an official ballot certification and testify, if
       necessary, in support of the ballot tabulation results;

   (c) gather data in conjunction with the preparation, and
       assist with the preparation, of the Debtors' schedules of
       assets and liabilities and statements of financial
       affairs, if any;

   (d) maintain an electronic filing platform for purposes of
       filing proofs of claim;

   (e) generate, provide and assist, if necessary, with claims
       reports, claims objections, exhibits, claims
       reconciliation, and related matters; and

   (f) provide such other claims processing, noticing,
       solicitation, balloting, distributions, and other
       administrative services described in the Services
       Agreement, but not included in the Section 156(c)
       Application, as may be requested from time to time by the
       Debtors, the Court, or the clerk of the Court.

Epiq will be paid at these hourly rates:

     Executives                                 No charge
     EVP, Solicitation                          $215
     Solicitation Consultant                    $190
     Director                                 $160-$190
     Case Managers                             $70-$165
     IT/Programming                            $65-$85
     Clerical/Admin Support                    $25-$45

Epiq will be paid a retainer in the amount of $25,000. It will also
be reimbursed for reasonable out-of-pocket expenses incurred.

Emily Young, senior consultant of Epiq Corporate Restructuring,
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.

Epiq can be reached at:

     Emily Young
     EPIQ CORPORATE RESTRUCTURING, LLC
     777 Third Ave., 12th Floor
     New York, NY 10017
     Tel: (646)282-2595

                  About Joerns Woundco Holdings

Joerns WoundCo Holdings, Inc. -- http://www.joerns.com/--
manufactures, distributes, and services healthcare beds,
therapeutic surfaces, patient handling products, and negative
pressure wound therapy devices, with a number of brands, including
Ultracare XT bed frame and Hoyer lifts. Founded as the Joerns
Brothers Furniture Company in 1889, the company entered the
healthcare industry in 1960.

Joerns and its affiliates have 130 distribution locations and other
facilities located throughout the United States.  The company is
headquartered in Charlotte, N.C. and has approximately 1,100
employees in the United States.

Joerns and 12 affiliates each filed petitions seeking voluntary
relief under Chapter 11 of the Bankruptcy Code on June 24, 2019.
The lead case is In re Joerns WoundCo Holdings, Inc. (D. Del. Lead
Case No. 19-11401).

The Debtors estimated assets on a consolidated basis of $100
million to $500 million and liabilities of the same range as of the
bankruptcy filing.

The Debtors tapped White & Case LLP as restructuring counsel; Fox
Rothschild LLP as local restructuring counsel; Moelis & Company as
investment banker and financial advisor; and Conway Mackenzie,
Inc., as restructuring advisor. Epiq Corporate Restructuring, LLC,
is the claims and noticing agent.


JOERNS WOUNDCO: Seeks to Hire Ordinary Course Professionals
-----------------------------------------------------------
Joerns Woundco Holdings, Inc., and its debtor-affiliates, seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ ordinary course professionals to the Debtors.

Joerns Woundco hires the following ordinary course professionals:

     Name of              Type of               Estimated Fees
   Professional       Professional/Services

Dixon Hughes           Tax compliance and         $36,000 per
Goodman LLP         transfer pricing accountant   quarter and an
P.O. Box 602828                                   annual fee of
Charlotte, NC 28260                               $40,000 per
                                                  year

Grant Thornton       Sales and Use tax and        $12,000 per
LLP                  property Tax accountant      month
P.O. Box 51552
Los Angeles, CA 30051

Morgan Lewis &       Counsel for Department       $100,000 per
Bockius LLP          of Justice related matters   month
1701 Market Street
Philadelphia, PA 19103

Spencer Fane LLP     Collection Counsel           $11,000 per
1000 Walnut Street                                month
Suite 1400
Kansas City, MO 64106

Adams and Reese      Veteran affairs and          $10,000 per
LLP                  HIPPA counsel                month
701 Poydras St,
Suite 4500
New Orleans, LA 70139
Veteran affairs and

Moore Colson          Veteran affairs and          $10,000 per
CPAs and  Advisors    forensic accountant          month
600 Galleria Parkway SE,
Suite 600
Atlanta, GA 30339

FordHarrison LLP       OFCCP and employment        $10,000 per
6000 Fairview Road     counsel                     month
Suite 1415
Charlotte, NC 28210

Ogletree, Deakins,     Employment counsel          $14,000 per
Nash, Smoak &                                      month
Stewart P.C.
50 International Dr.
Suite 300
Greenville, SC 29615

McGuire Woods LLP      General and IP counsel      $60,000 per
901 E Cary Street                                  month
Richmond, VA 23219

Littler Mendelson      General legal advice        $1,000
P.C.                                               per month
P.O. Box 45547
San Francisco, CA 94145

Armstrong              Asbestos litigation         $700 per month
Teasdale LLP           counsel
7700 Forsyth Blvd
Suite 1800
St. Louis, MO 63105

Alexander Ricks        Employment Litigation       $40,000 per
PLLC                                               month
1420 E.7 th Street
Suite 100
Charlotte, NC 28204

To the best of the Debtors' knowledge the firms are 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.

                      About Joerns Woundco

Joerns WoundCo Holdings, Inc. -- http://www.joerns.com/--
manufactures, distributes, and services healthcare beds,
therapeutic surfaces, patient handling products, and negative
pressure wound therapy devices, with a number of brands, including
Ultracare XT bed frame and Hoyer lifts. Founded as the Joerns
Brothers Furniture Company in 1889, the company entered the
healthcare industry in 1960.

Joerns and its affiliates have 130 distribution locations and other
facilities located throughout the United States.  The company is
headquartered in Charlotte, N.C. and has approximately 1,100
employees in the United States.

Joerns and 12 affiliates each filed petitions seeking voluntary
relief under Chapter 11 of the Bankruptcy Code on June 24, 2019.
The lead case is In re Joerns WoundCo Holdings, Inc. (D. Del. Lead
Case No. 19-11401).

The Debtors estimated assets on a consolidated basis of $100
million to $500 million and liabilities of the same range as of the
bankruptcy filing.

The Debtors tapped White & Case LLP as restructuring counsel; Fox
Rothschild LLP as local restructuring counsel; Moelis & Company as
investment banker and financial advisor; and Conway Mackenzie,
Inc., as restructuring advisor. Epiq Corporate Restructuring, LLC,
is the claims and noticing agent.


JOERNS WOUNDCO: Seeks to Hire White & Case as Counsel
-----------------------------------------------------
Joerns Woundco Holdings, Inc., and its debtor-affiliates, seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ White & Case LLP, as counsel to the Debtors.

Joerns Woundco requires White & Case to:

   a. advise the Debtors with respect to their powers and duties
      as debtors in possession in the continued management and
      operation of their businesses and properties;

   b. advise and consult on the conduct of these Chapter 11
      Cases, including all of the legal requirements of operating
      in chapter 11;

   c. advise the Debtors in connection with corporate
      transactions and corporate governance, negotiations,
      consent solicitations, credit agreements, financing
      agreements, and other agreements with creditors, equity
      holders, prospective acquirers and investors, reviewing and
      preparing of documents and agreements, and such other
      actions;

   d. review and prepare pleadings in connection with these
      Chapter 11 Cases, including motions, applications, answers,
      orders, reports, and papers necessary or otherwise
      beneficial to the administration of the Debtors' estates,
      and appearing in court, and taking other actions with
      respect to the foregoing;

   e. attend meetings and negotiating with representatives of
      creditors and other parties in interest;

   f. advise the Debtors with legal issues related to the
      Debtors' financial circumstances, including with respect to
      restructuring, financing, corporate, tax, litigation,
      mergers and acquisition issues, in each case as may be
      necessary or appropriate;

   g. perform all other ancillary necessary legal services for
      the Debtors in connection with the prosecution of these
      Chapter 11 Cases, including assisting the Debtors in: (a)
      analyzing the Debtors' leases and contracts and the
      assumption and assignment or rejection thereof; (b)
      analyzing the validity of liens against the Debtors; and
      (c) advising the Debtors on corporate and litigation
      matters;

   h. take all necessary actions to protect and preserve the
      Debtors' estates, including prosecuting actions on the
      Debtors' behalf, defending any action commenced against the
      Debtors, and representing the Debtors in negotiations
      concerning litigation in which the Debtors are involved,
      including objections to claims filed against the Debtors'
      estates; and

   i. take any necessary action on behalf of the Debtors to
      obtain approval of a disclosure statement and confirmation
      of a chapter 11 plan and all documents related thereto.

White & Case will be paid at these hourly rates:

     Partners                $1,095 to $1,545
     Counsels                $995
     Associates              $550 to $960
     Paraprofessionals       $165 to $500

Prior to the Petition Date, on December 2018), White & Case
received an initial retainer of $75,000.

Within the one-year preceding the Petition Date, White & Case
received total payments in the amount of $4,339,452.57 for services
performed and expenses incurred, and also to be performed and
incurred. During the 90 days prior to the Petition Date, White &
Case received $3,825,302.98 for services performed and expenses
incurred, and also to be performed and incurred in the form of a
Retainer.

White & Case will also be reimbursed for reasonable out-of-pocket
expenses incurred.

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

   Question:  Did you agree to any variations from, or
              alternatives to, your standard or customary billing
              arrangements for this engagement?

   Response:  No.

   Question:  Do any of the professionals included in this
              engagement vary their rate based on the geographic
              location of the bankruptcy case?

   Response:  No.

   Question:  If you represented the client in the 12 months
              prepetition, disclose your billing rates and
              material financial terms for the prepetition
              engagement, including any adjustments during the 12
              months prepetition. If your billing rates and
              material financial terms have changed postpetition,
              explain the difference and the reasons for the
              difference.

   Response:  White & Case has represented the Debtors since
              2010. The Firm's billing rates for 2018 were $1,025
              to $1,445 per hour for partners, $930 for counsel,
              $510 to $885 for associates, and $155 to $475 for
              paraprofessionals in the Firm's domestic offices.
              The rates for lawyers and paraprofessionals are
              reexamined and adjusted for increases in seniority
              and changes in experience, expertise, and status in
              January of each year. Those adjustments were made
              in January 2019 as reflected in this Declaration.

   Question:  Has your client approved your prospective budget
              and staffing plan, and, if so for what budget
              period?

   Response:  Yes, the Debtors has approved White & Case's
              prospective budget and plan for four months, based
              on the DIP Facility budget. Recognizing that
              unforeseeable fees and expenses may arise in large
              chapter 11 cases, the Debtors and White & Case may
              need to amend the budget and staffing plan as
              necessary. The budget and staffing plan are
              intended as estimates and not as caps or
              limitations on fees or expenses that may be
              incurred or on the professionals or
              paraprofessionals who may advise the Debtors in
              these Chapter 11 Cases.

David M. Turetsky, partner of White & Case 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.

White & Case can be reached at:

     David M. Turetsky, Esq.
     WHITE & CASE LLP
     1221 Avenue of the Americas
     New York, NY 10020-1095
     Tel: (212) 819-8200

                 About Joerns Woundco Holdings

Joerns WoundCo Holdings, Inc. -- http://www.joerns.com/--
manufactures, distributes, and services healthcare beds,
therapeutic surfaces, patient handling products, and negative
pressure wound therapy devices, with a number of brands, including
Ultracare XT bed frame and Hoyer lifts. Founded as the Joerns
Brothers Furniture Company in 1889, the company entered the
healthcare industry in 1960.

Joerns and its affiliates have 130 distribution locations and other
facilities located throughout the United States.  The company is
headquartered in Charlotte, N.C. and has approximately 1,100
employees in the United States.

Joerns and 12 affiliates each filed petitions seeking voluntary
relief under Chapter 11 of the Bankruptcy Code on June 24, 2019.
The lead case is In re Joerns WoundCo Holdings, Inc. (D. Del. Lead
Case No. 19-11401).

The Debtors estimated assets on a consolidated basis of $100
million to $500 million and liabilities of the same range as of the
bankruptcy filing.

The Debtors tapped White & Case LLP as restructuring counsel; Fox
Rothschild LLP as local restructuring counsel; Moelis & Company as
investment banker and financial advisor; and Conway Mackenzie,
Inc., as restructuring advisor. Epiq Corporate Restructuring, LLC,
is the claims and noticing agent.


KAMC HOLDINGS: Moody's Assigns B2 CFR, Outlook Stable
-----------------------------------------------------
Moody's Investors Service assigned first-time ratings for KAMC
Holdings, Inc., including a B2 Corporate Family Rating and a B2-PD
Probability of Default Rating, along with B1 and Caa1 ratings for
the company's proposed senior secured first and second lien bank
credit facilities, respectively. The outlook is stable.

Net proceeds from the issuance of a new $35 million first lien
revolver (undrawn at close), $325 million first lien term loan, and
a $120 million second lien term loan, along with cash equity
provided by ABRY Partners, will be used to purchase a majority
stake in the firm, refinance existing indebtedness, and pay fees
and expenses associated with the transaction.

"Franklin is small and competes in a highly competitive industry,
but its vertically integrated status and investments in software
are key differentiators that should allow it to continue to outpace
the growth of the overall market," according to Harold Steiner,
Moody's lead analyst for the company.

The following rating actions were taken by Moody's for KAMC
Holdings, Inc.:

Assignments:

Issuer: KAMC Holdings, Inc.

Corporate Family Rating, Assigned B2

Probability of Default Rating, Assigned B2-PD

Gtd Senior Secured First Lien Term Loan, Assigned B1 (LGD3)

Gtd Senior Secured First Lien Revolving Credit Facility, Assigned
  B1 (LGD3)

Gtd Senior Secured Second Lien Term Loan, Assigned Caa1 (LGD5)

Outlook Actions:

Issuer: KAMC Holdings, Inc.

Outlook, Assigned Stable

RATINGS RATIONALE

KAMC Holdings, Inc.'s (Franklin Energy) B2 CFR broadly reflects the
company's strong niche market position and recurring revenues
counterbalanced by high financial risk following the buyout by ABRY
Partners. Franklin is the number 2 player, as measured by revenue,
in the niche market for energy efficiency program administration.
The industry is fragmented and highly competitive, but Franklin has
meaningfully outpaced industry rates of growth over the past few
years. Moody's believes that the company's vertically integrated
business model is a differentiator in its industry, and that its
status as a "one-stop shop" coupled with favorable industry
tailwinds will enable it to continue to grow in the mid- to
high-single digit percentage range. While closing leverage is high
at 6.8x (Moody's-adjusted, as of March 31, 2019), Moody's expects
that the company will deleverage to below 6.0x by the end of 2020
largely owing to earnings growth. Furthermore, 66% of revenue is
covered under multiyear contracts with close to 96% historical
retention rates, supporting revenue stability. Nevertheless, a
small revenue base, high customer concentration, growing
competitive intensity, and some degree of product concentration
constrain the rating.

The stable outlook reflects Moody's expectation for mid- to
high-single digit revenue growth and low- to mid-teens percentage
range earnings growth over the next 12 months. As a result, Moody's
expects debt-to-EBITDA to approach 6.0x and FCF-to-debt to be in
the mid-single digit percentage range.

The ratings could be upgraded if Franklin's strategic direction
continues to be validated by above industry rates of revenue and
earnings growth -- eventually resulting in materially greater scale
-- and if the company commits to more conservative financial
policies. Quantitatively, this could be exemplified by
debt-to-EBITDA sustained below 5.0x and FCF-to-debt sustained in
the high-single digit percentage range.

The ratings could be downgraded if revenue growth slows materially,
profitability deteriorates, the company loses a major customer, or
if financial policies become more aggressive. Quantitatively,
Moody's believes this could be evidenced by debt-to-EBITDA
sustained above 6.5x or FCF-to-debt sustained below 4%.

The first lien credit facility is expected to contain covenant
flexibility for transactions that could adversely affect creditors,
including incremental facility capacity of at least $67 million,
the ability to release a guarantee when a subsidiary is not
wholly-owned, lack of "blocker" restrictions on collateral leakage
through transfer to unrestricted subsidiaries, and step downs in
the asset sale prepayment requirement to 50% and 0% if the First
Lien Leverage Ratio is equal to or less than 4.25x and 3.75x,
respectively.

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

Headquartered in Port Washington, Wisconsin, Franklin Energy is a
provider of outsourced energy efficiency products, services, and
software to utilities throughout the US. Following the close of
this transaction, the company will be privately held by ABRY
Partners. Moody's expects 2019 revenues to approximate $300
million.


KLEIN'S MOTOR: Seeks to Hire Wolfe Snowden as Counsel
-----------------------------------------------------
Klein's Motor & Electric Co. seeks authority from the U.S.
Bankruptcy Court for the District of Nebraska to employ Wolfe
Snowden Hurd Ahl Sitzmann Tannehill & Hahn, LLP, as counsel to the
Debtor.

Klein's Motor requires Wolfe Snowden to:

   a. give advice to the Debtor and Debtor-in-possession with
      respect to its powers and duties as the Debtor-in-
      possession and the continued management of its operations;

   b. advise the Debtor and Debtor-in-possession with respect to
      its responsibilities in complying with the U.S. Trustee's
      Operating Guidelines and Reporting Requirements and with
      the rules of court;

   c. examine claims, particularly priority of claims, and to
      institute the necessary proceedings and objections and the
      amounts due, and to conduct various negotiations necessary
      to affect any adjustments as to the amounts due and also to
      the terms and time of payment of claims and in the
      preparation of a plan;

   d. examine claims, particularly priority of claims, institute
      the necessary proceedings and objections and the amounts
      due, conduct various negotiations necessary to effect any
      adjustments as the amounts due;

   e. represent the Debtor in Possession in all legal matters
      arising during the continuation of business and the control
      of assets; and

   f. defend and prosecute all motions, proceedings and actions
      initiated by and against the Debtor in Possession
      and to prosecute and defend in all suits involving the
      Debtor's estate.

Wolfe Snowden 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.

John C. Hahn, Esq., partner of Wolfe Snowden Hurd Ahl Sitzmann
Tannehill & Hahn, 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.

Wolfe Snowden can be reached at:

     John C. Hahn, Esq., Esq.
     WOLFE SNOWDEN HURD AHL SITZMANN TANNEHILL & HAHN, LLP
     1248 O St., Suite 800
     Lincoln, NE 68508
     Tel: (402) 474-1507

              About Klein's Motor & Electric Co

Klein's Motor & Electric Company, filed a Chapter 11 bankruptcy
petition (Bankr. D. Neb. Case No. 19-40983) on June 5, 2019,
disclosing under $1 million in both assets and liabilities. The
Debtor is represented by Wolfe Snowden Hurd Ahl Sitzmann Tannehill
& Hahn, LLP.


KNIJNIK PARTICIPACOES: Chapter 15 Case Summary
----------------------------------------------
Chapter 15 Debtor:        Knijnik Participacoes S.A.
                          100 Alfredo Egidio de Souza Aranha Av.
                          04726-170
                          Sao Paulo, Brazil
                          c/o Sequor Law, PA
                          1001 Brickell Bay Drive, 9th Floor
                          Miami, FL 33131

Business Description:     Knijnik Participacoes S.A.
                          provides engineering services.  The
                          Company offers land identification,
                          project management, architectural,
                          construction inspection, and civil
                          engineering services.

Chapter 15 Petition Date: July 24, 2019

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

Chapter 15 Case No.:      19-19817

Judge:                    Hon. Robert A. Mark

Foreign Representative:   Frederico Antonio Oliveira de Rezende
                          Praca Franklin Delano Roosevelt, 200
                          Eight Floor
                          Sao Paulo, SP 01303
                          Brazil

Foreign Proceeding:       Knijnik Participacoes S.A. et al., Case
                          No. 1069936-96.2017.8.26.0100

Foreign
Representative's
Counsel:                  Cristina Vicens Beard, Esq.
                          SEQUOR LAW, P.A.
                          1001 Brickell Bay Drive 9th Floor
                          Miami, FL 33131
                          Tel: 305-372-8282
                          Email: cvicens@sequorlaw.com

Estimated Assets:         Unknown

Estimated Debts:          Unknown

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

        http://bankrupt.com/misc/flsb19-19817.pdf


KPH CONSTRUCTION: Hires VanderBloemen Group as Accountant
---------------------------------------------------------
KPH Construction, Corp., and its debtor-affiliates seek authority
from the U.S. Bankruptcy Court for the Eastern District of
Wisconsin to employ VanderBloemen Group LLC, as accountant to the
Debtor.

KPH Construction requires VanderBloemen Group to:

   a. prepare the Debtors' 2018 Federal and State Corporation tax
      returns;

   b. prepare the Debtors' 2018 S-Corporation Income tax returns;

   c. prepare Keith P. Harenda's 2018 personal tax return; and

   d. provide the Debtors with advice regarding tax and
      accounting issues.

VanderBloemen Group will be paid at these hourly rates:

     Partner                $250
     Manager                $150
     Senior Accountant      $115
     Staff                  $90

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

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

VanderBloemen Group can be reached at:

     Matthew J. Stephani
     VANDERBLOEMEN GROUP LLC
     215 West North Street
     Waukesha, WI 53188
     Tel: (262) 574-0374
     Fax: (262) 574-0369

                 About KPH Construction, Corp.

Founded in 1999, KPH Construction, KPH Environmental and KHP
Services are providers of commercial construction services.  Triple
H is a holding company.  Keith P. Harenda is the sole member and
manager of Triple H, and the sole shareholder and president of KPH
Construction and KPH Environmental.  Harenda is the manager of KPH
Services. The companies collectively employ approximately 30 people
in the operations of their construction business at projects
throughout Wisconsin.

KPH Construction Corp., based in Milwaukee, WI, filed a Chapter 11
petition (Bankr. E.D. Wis. Lead Case No. 19-20939) on Feb. 6, 2019.
In the petition signed by Keith P. Harenda, president, debtor KPH
Construction Corp. estimated $1 million to $10 million in assets
and $10 million to $50 million in liabilities.  The Hon. Beth E.
Hanan oversees the case.  Evan P. Schmit, Esq. at Kerkman & Dunn,
serves as bankruptcy counsel.


LAWSON NURSING: Ch. 11 Trustee Hires Gleason as Financial Advisor
-----------------------------------------------------------------
William G. Krieger, the Chapter 11 Trustee of Lawson Nursing Home,
Inc., seeks authority from the U.S. Bankruptcy Court for the
Western District of Pennsylvania to employ Gleason & Associates,
P.C., as financial advisor to the Trustee.

The Trustee requires Gleason to:

   a. analyze the Debtor's current, historical, and projected
      financial condition, results of operations, and cash flows
      to assess the Debtor's current operations and the value of
      the Debtor's assets to potential buyers;

   b. prepare required cash flow forecasts, monthly operating
      reports, and other financial analyses and reports as
      needed;

   c. monitor the Debtor's performance compared to its forecasts
      and related reports;

   d. assist in identifying and attracting potential bidders,
      identifying and negotiating with a stalking horse bidder
      and evaluate the financial terms of bids received;

   e. establish, populate and update the virtual data room used
      by potential bidders;

   f. assist with analyzing proofs of claim and assist as
      necessary in disputing unsupported or invalid claims; and

   g. perform any other necessary services.

Gleason will be paid at these hourly rates:

     Managing Director                $285
     Director                         $260
     Senior Manager                   $245
     Manager                          $215
     Senior Consultant                $185
     Staff Consultant II              $165
     Staff Consultant I               $135
     Paraprofessional                 $105

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

William G. Krieger, partner of Gleason & Associates, P.C., 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.

Gleason can be reached at:

     William G. Krieger
     GLEASON & ASSOCIATES, P.C.
     420 Fort Duquesne Boulevard, Suite 525
     Pittsburgh, PA 15222
     Tel: (412) 391-9010
     Fax: (412) 391-1192

                    About Lawson Nursing Home

Lawson Nursing Home, Inc., is a nursing home in Jefferson Hills,
Pennsylvania. It is a small facility with 50 beds and has
for-profit, corporate ownership. Lawson Nursing Home sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa.
Case No. 18-23979) on October 10, 2018. In the petition signed by
Derek R. Glaser, president, the Debtor disclosed that it had
estimated assets of $1 million to $10 million and liabilities of $1
million to $10 million.

The Debtor tapped Donald R. Calaiaro, Esq., at Calaiaro Valencik as
its legal counsel.

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

A Chapter 11 trustee was appointed in the case.  William G.
Krieger, the Chapter 11 Trustee, hired Leech Tishman Fuscaldo &
Lampl, LLC, as counsel, and Gleason & Associates, P.C., as
financial advisor.


LAWSON NURSING: Ch. 11 Trustee Hires Leech Tishman as Counsel
-------------------------------------------------------------
William G. Krieger, the Chapter 11 Trustee of Lawson Nursing Home,
Inc., seeks authority from the U.S. Bankruptcy Court for the
Western District of Pennsylvania to employ Leech Tishman Fuscaldo &
Lampl, LLC, as counsel to the Trustee.

The Trustee requires Leech Tishman to:

   a. provide the Chapter 11 Trustee with legal advice with
      respect to its powers and duties as a chapter 11 trustee;

   b. file pleadings and represent the Chapter 11 Trustees at
      hearings in this Bankruptcy Case, including sale motions;

   c. pursue any causes of action on behalf of the Debtor or
      which may be filed against the Debtor; and

   d. perform all other legal services for the Chapter 11 Trustee
      that are or may become necessary.

Leech Tishman will be paid at these hourly rates:

     Partners                        $295 to $690
     Associates                      $205 to $300
     Counsels/Of Counsels            $295 to $690
     Paralegals and Law Clerks       $125 to $230

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

John M. Steiner, partner of Leech Tishman Fuscaldo & Lampl, LLC,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Leech Tishman can be reached at:

     John M. Steiner, Esq.
     Crystal H. Thornton-Illar
     LEECH TISHMAN FUSCALDO & LAMPL, LLC
     525 William Penn Place, 28 th Floor
     Pittsburgh, PA 15219
     Tel: (412) 261-1600
     E-mail: jsteiner@leechtishman.com
             cthornton-illar@leechtishman.com

                    About Lawson Nursing Home

Lawson Nursing Home, Inc., is a nursing home in Jefferson Hills,
Pennsylvania. It is a small facility with 50 beds and has
for-profit, corporate ownership. Lawson Nursing Home sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa.
Case No. 18-23979) on October 10, 2018. In the petition signed by
Derek R. Glaser, president, the Debtor disclosed that it had
estimated assets of $1 million to $10 million and liabilities of $1
million to $10 million.

The Debtor tapped Donald R. Calaiaro, Esq., at Calaiaro Valencik as
its legal counsel.

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

William G. Krieger, the Chapter 11 Trustee of Lawson Nursing Home,
Inc., hires Leech Tishman Fuscaldo & Lampl, LLC, as counsel,
Gleason & Associates, P.C., as financial advisor.



LITCHFIELD LASER: Aug. 27 Plan Confirmation Hearing
---------------------------------------------------
The Second Amended Disclosure Statement explaining the Second
Amended Chapter 11 Plan of Litchfield Laser Skin Care, LLC, is
approved.

August 27, 2019 at 2:00 pm is fixed as the hearing date to consider
Confirmation of the Chapter 11 Plan, at 915 Lafayette Blvd., Room
123, Courtroom, Bridgeport, Connecticut.

Written objections to the Plan must be filed and served with the
court no later than August 16, 2019.

               About Litchfield Laser Skin Care

Litchfield Laser Skin Care, LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Conn. Case No. 18-50661) on May
25, 2018.  In the petition signed by Dr. Elizabeth Galan, owner,
the Debtor estimated assets of less than $50,000 and liabilities of
$1 million.


LJ RUBY: Moody's Assigns B3 Corp. Family Rating, Outlook Stable
---------------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating and
B3-PD Probability of Default Rating to LJ Ruby Holdings, LLC .
Concurrently, Moody's assigned a B2 rating to KDG's proposed $320
million first lien term loan and a Caa2 rating to the company's
$115 million second lien term loan. The outlook is stable. This is
the first time Moody's has assigned ratings to KDG.

Proceeds from the debt issuance, combined with a $292 million cash
equity contribution will be used to fund Littlejohn & Co., LLC's
$700 million acquisition of KDG and pay related fees and expenses.
The transaction is expected to close in August 2019.

Assignments:

Issuer: LJ Ruby Holdings, LLC

Corporate Family Rating, Assigned B3

Probability of Default Rating, Assigned B3-PD

Gtd Senior Secured First Lien Term Loan, Assigned B2 (LGD2)

Gtd Senior Secured Second Lien Term Loan, Assigned Caa2 (LGD5)

Outlook Actions:

Issuer: LJ Ruby Holdings, LLC

Outlook, Assigned Stable

The assigned ratings are based on the proposed debt mix and subject
to Moody's review of the terms and conditions of the instruments.
Modification to the debt structure could lead to a rating change.

RATINGS RATIONALE

KDG's B3 CFR is constrained by company's high financial leverage,
low profitability margin relative to other U.S industrial
distributors, focus on a highly competitive and fragmented market
in which clients can switch providers, and near-term carve out
risk. The rating benefits from the company's good market position
with long-standing customer relationships enhanced by value-added
services, and meaningful diversity within its supplier base,
customers and end-markets, though a majority of the customers are
small, regional businesses. KDG is exposed to cyclical end markets
and the company's significant share of revenue from maintenance,
repair and operations (MRO) activities, variable cost structure and
counter-cyclical working capital only partially mitigates the
downside risk to cash flow in economic slowdowns. KDG is being
carved out from publicly-traded Kaman Corporation (Kaman) and must
establish stand-alone operations. Management and Littlejohn expect
to achieve meaningful cost savings relative to the corporate
overhead attributed to KDG from Kaman and while Moody's views most
savings to be achievable, there is limited visibility that creates
uncertainty about the level of stand-alone operating profitability.
Moody's expects financial policies to be aggressive under private
equity ownership including event risk associated with potential
debt-funded acquisitions and dividend that also constrains the
rating.

Moody's estimates the pro forma leverage (Moody's adjusted
debt/EBITDA) to be 6.3x as of LTM March 2019. Management's ability
to improve cost efficiencies, combined with modest revenue growth
and steady market demand should improve leverage towards 6.0x over
the next 12-18 months. However, Moody's projects the company's
current low profitability margin and high interest expense will
limit free cash flow to less than 3% of debt, elevating the
execution risk with requirements to set-up functions and headcount
that are currently shared with Kaman including finance, IT and HR.

KDG's liquidity is adequate, supported by availability under its
$75 million of ABL facility (expected to be undrawn on closing) and
modest projected free cash flow generation. Seasonal fluctuation in
working capital could be funded by ABL facility, which is expected
to be largely undrawn. There are no term loan financial maintenance
covenants. The sole financial covenant in the ABL credit agreement
is a springing fixed charge coverage ratio of 1.0x, tested if
availability under the ABL facility falls below 10% or $7.5
million. Moody's does not expect the covenant to be triggered over
the next 12-18 months and, if it was triggered, expects that the
company would be able to comply with a reasonable cushion.
Alternate liquidity is limited as majority of assets are
encumbered.

The stable outlook reflects Moody's expectation that KDG will
achieve cost efficiencies and margin enhancement such that leverage
will trend towards 6.0x over next 12-18 months. Moody's also
assumes in the outlook that no operational disruption will occur as
the company transitions to a stand-alone entity.

The rating could be upgraded if the company smoothly transitions to
a stand-alone entity, the EBITDA margin improves, adjusted
debt-to-EBITDA is sustained below 5.5x and FCF-to-Debt increases to
5%. The ratings could be downgraded if there are operational or
cost difficulties transitioning to a stand-alone company, revenue
or margins materially weaken, FCF is weak or negative, or liquidity
deteriorates.

The first lien credit agreement contains provisions for incremental
debt capacity up to the greater of closing date EBITDA and trailing
twelve months consolidated EBITDA plus additional amounts subject
to 4.75x pro forma first lien net leverage (if pari passu secured)
or 6.50x pro forma total net leverage (if junior secured, unsecured
or subordinated). Expected terms allow the release of guarantees
when any subsidiary ceases to be wholly owned; there are no
anticipated "blocker" provisions providing additional restrictions
on top of the covenant carve-outs to limit collateral leakage
through transfers of assets to unrestricted subsidiaries. There are
no leverage-based step-downs to the assets sales proceeds
prepayment requirement.

The proposed terms and the final terms of the credit agreement can
be materially different.

LJ Ruby Holdings is a US. distributor of engineered bearings &
power transmission, automation and fluid power solutions. The
company is a carved-out operation from the public traded company
Kaman Corporation (unrated). Operating through five distribution
centers and 18 fabrication and assembly centers, the company serves
diverse end-markets including machinery, metals & mining and food &
beverage sector. Following the closing of transaction, KDG will be
owned by Littlejohn & Co., LLC. The company is estimated to have
generated $1.1 billion in revenue for the LTM period ending March
2019.

The principal methodology used in these ratings was Distribution &
Supply Chain Services Industry published in June 2018.


LUPPINO HOMES: Seeks to Hire Kopelman as Legal Counsel
------------------------------------------------------
Luppino Homes LLC and its affiliates filed separate applications
seeking approval from the U.S. Bankruptcy Court for the District of
New Jersey to hire legal counsel.

In their applications, the company, DBS Investment LLC, B & L
Builders LLC, DLZ LLC and 182 Fulton Avenue LLC propose to employ
Kopelman & Kopelman LLP to represent them in their Chapter 11
cases.

Michael Kopelman, Esq., and Carol Kopelman, Esq., the attorneys who
will be handling the cases, will charge $450 per hour and $350 per
hour, respectively.

Kopelman & Kopelman is "disinterested" as defined in Section
101(14) of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Michael S. Kopelman, Esq.
     Kopelman & Kopelman LLP
     55 Main Street
     Hackensack, NJ 07601
     Phone: (201) 489-5500
     Fax: (201) 489-7755
     Email: kopelaw@kopelmannj.com

                      About Luppino Homes

Luppino Homes LLC and its affiliates, DBS Investment LLC, B & L
Builders LLC, DLZ LLC and 182 Fulton Avenue LLC, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case Nos.
19-23457, 19-23459, 19-23460, 19-23462 and 19-23463) on July 10,
2019.  At the time of the filing, Luppino Homes had estimated
assets of less than $50,000 and liabilities of less than $50,000.


MADISON STOCK: Case Summary & 4 Unsecured Creditors
---------------------------------------------------
Debtor: Madison Stock Transfer Inc.
        75 N Main St.
        Spring Valley, NY 10977-4998

Business Description: Madison Stock Transfer Inc. is a stock
                      broker in Spring Valley, New York.

Chapter 11 Petition Date: July 24, 2019

Court: United States Bankruptcy Court
       Southern District of New York (White Plains)

Case No.: 19-23364

Judge: Hon. Robert D. Drain

Debtor's Counsel: Vince F. Sykes, Esq.
                  SYKES LAW FIRM PC
                  8 Carbery Ct Ste 2A
                  Pomona, NY 10970-2120
                  Tel: (845) 406-1386
                  Email: partners@lotuslaw.net

Total Assets: $156,251

Total Liabilities: $1,537,962

The petition was signed by Michael B. Ajzenman, president.


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

          http://bankrupt.com/misc/nysb19-23364.pdf


MARINE BUILDERS: Hires Northrop & Johnson as Broker
---------------------------------------------------
Marine Builders, Inc., and its debtor-affiliates, seek authority
from the U.S. Bankruptcy Court for the Southern District of Indiana
to employ Northrop & Johnson, Inc., as broker to the Debtors.

Marine Builders requires Northrop & Johnson to:

   a. manage the sale of the vessel Jenny Lynne;

   b. prepare information describing the vessel Jenny Lynne and
      distribute that information to sublisting brokers whom the
      firm deems to be properly qualified to negotiate the sale
      of the vessel; and

   c. make arrangements for sublisting broker's clients to
      inspect the vessel.

Northrop & Johnson will be paid a commission of 10% of the selling
price.


Northrop & Johnson will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Jonathan Chapman, partner of Northrop & Johnson, Inc., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Northrop & Johnson can be reached at:

     Jonathan Chapman
     NORTHROP & JOHNSON, INC.
     17 Rose Dr.
     Fort Lauderdale, FL 33316-1041
     Tel: (954) 522-3344

                     About Marine Builders

Marine Builders -- http://www.marinebuilders.net/-- is a
family-owned and operated company in the boat building business.
With 26-acre site and 14,000 square feet of fabrication shop,
Marine Builders has both new construction and repair capabilities.
Founded in 1972, Marine Builders manufactures custom vessels,
ranging from work boats and barges to dry docks and excursion
vessels.  Its subsidiary, Marine Industries Corporation, primarily
operates in the marine supplies business.

Marine Builders and Marine Industries filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code (Bank. S.D. Ind.
Lead Case No. 19-90632) on April 25, 2019.  In the petitions signed
by David A. Evanczyk, president and CEO, the Debtors estimated $1
million to $10 million in both assets and liabilities.  The cases
are assigned to Judge Basil H. Lorch III.  James R. Irving, Esq.,
at Bingham Greenebaum Doll LLP, represents the Debtors as counsel.


MARKPOL DISTRIBUTORS: Affiliates Tap Rieff Schramm as Counsel
-------------------------------------------------------------
Vistula Development, Incorporated and Kozyra Holdings, LLC – 955
Lively, LLC received approval from the U.S. Bankruptcy Court for
the Northern District of Illinois to hire Rieff Schramm Kanter &
Guttman LLC as special counsel.

The Debtors tapped the firm for the limited purpose of conducting
real estate tax assessments and appeals and obtaining tax refunds
on their properties located at 9815 W. Leland Ave., Schiller Park,
Ill., and 955 N. Lively Blvd., Wood Dale, Ill.

Rieff Schramm will be compensated pursuant to the contingency fee
agreements it entered into with the Debtors.  The agreements are
available for free at https://is.gd/dXqRCG

Rieff Schramm is "disinterested" as defined in Section 101(14) of
the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Glenn S. Guttman, Esq.
     Rieff Schramm Kanter & Guttman LLC
     100 N. LaSalle St., 23rd Floor
     Chicago, IL 60602
     Phone: 312-372-2500
     Fax: 312-372-2550

                    About Markpol Distributors

Markpol Distributors, Inc. -- http://markpoldistributors.com/-- is
a food distributor specializing in European grocery merchandise
imported from European exporters.  The Company's customers may
select an offering of 4 to 24 feet selection of assorted grocery
merchandise appealing to the American and European consumer.
Markpol is headquartered in Wood Dale, Ill.

Markpol Distributors sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 18-06105) on March 2,
2018.  On May 30, 2018, Vistula Development, Incorporated and
Kozyra Holdings, LLC – 955 Lively, LLC each filed Chapter 11
petitions (Bankr. N.D. Ill. Case Nos. 18-15604 and 18-15605).

In the petition signed by CEO Mark Kozyra, Markpol estimated assets
and liabilities at $1 million to $10 million.  Judge Benjamin A.
Goldgar is the case judge.  

Shelly A. DeRousse, Esq., at Freeborn & Peters LLP, is the Debtors'
counsel.  Rally Capital Services, LLC is the financial advisor.  

Patrick S. Layng, U.S. Trustee for the Northern District of
Illinois, appointed an official committee of unsecured creditors on
March 15, 2018.  The committee retained Goldstein & McClintock LLLP
as its counsel.


MCP REAL ESTAT: Hires Old Colony Company as Realtor
---------------------------------------------------
MCP Real Estate Holding, LLC, seeks authority from the U.S.
Bankruptcy Court for the Southern District of West Virginia to
employ Old Colony Company of Morgantown, as realtor to the Debtor.

MCP Real Estate requires Old Colony Company to market and sell the
Debtor's real property consisting of 5 parcels land, TBD 2 N. 12th
Street; TBD N. 12th Street; 1853 N. 12th Street; TBD 1 N. Ohio
Avenue; and TBD 2 N. Ohio Avenue in Clarksburg.

Old Colony Company will be paid a commission of 6% of the sales
price.

Joshua White, a partner at Old Colony Company, 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.

Old Colony Company can be reached at:

     Joshua White
     OLD COLONY COMPANY OF MORGANTOWN
     P.O. Box 423
     Hurricane, WV 25526
     Tel: (304) 291-2121

MCP Real Estate Holding, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. S.D. W.Va. Case No. 19-30026) on Jan. 23, 2019.
The Debtor hired Pepper & Nason as attorney.



MEMORIAL HEALTH: Fitch Affirms BB- Issuer Default Rating
--------------------------------------------------------
Fitch Ratings has affirmed Marietta Area Health Care's (dba
Memorial Health System; MHS) Issuer Default Rating (IDR) and
revenue bond rating at 'BB-'. The revenue bond ratings apply to
approximately $191 million of bonds issued by Southeastern Ohio
Port Authority on behalf of MHS.

The Rating Outlook is Stable.

SECURITY

The bonds are secured by general revenues of the obligated group, a
mortgage on certain system facilities, and a debt service reserve
fund.

ANALYTICAL CONCLUSION

The affirmation of the 'BB-' IDR and revenue bond rating reflects
MHS's weak net leverage profile through Fitch's stress scenario
given the mid-range revenue defensibility and mid-range operating
risk profile. Comparatively weaker fiscal 2017 and 2018 operating
results reflect disruption from an electronic health record (EHR)
implementation in November 2016. MHS's longer-term track record of
adequate cost management and improved fiscal 2019 six month interim
results support Fitch's expectation for a return to stronger
profitability levels consistent with a mid-range operating risk
assessment. Although financial profile metrics show some
improvement through the later years of the stress case, limited
financial resources and high debt levels constrain the rating.

KEY RATING DRIVERS

Revenue Defensibility: 'bbb'; Leading Market Position

MHS's revenue defensibility is assessed as mid-range. MHS has a
leading primary service area market position that is supported by
recent strategic initiatives and a large and predominantly employed
medical staff. Recent softer volumes related to an electronic
health record (EHR) implementation in November 2016 are beginning
to recover in fiscal 2019, and Fitch expects MHS to maintain its
solid market share. The service area of Washington and Wood
counties is characterized by weaker demographics compared to state
and national averages and declining population trends. Fitch
expects the service area will continue to support a stable payor
mix which is about 20% Medicaid and self-pay.

Operating Risk: 'bbb'; Operating Recovery Expected

MHS's operating risk profile is assessed as mid-range. Fitch
expects that MHS's operating performance will rebound and continue
the positive trend of fiscal 2019 following a sharp decline in
operating performance beginning in fiscal 2017. Fitch expects
operating EBITDA margins to stabilize around 8%, consistent with
the mid-range assessments. Capital plans remain manageable given
the recent high spending cycle, although the high average age of
plant of over 13 years may indicate capital spending needs in the
medium term.

Financial Profile: 'bb'; Financial Flexibility Remains Weak

MHS's financial profile is assessed as weak and reflects MHS's
constrained liquidity position and relatively high levels of debt.
Financial profile metrics remain consistent with the weak
assessment through Fitch's stress case given the mid-range revenue
defensibility and mid-range operating risk profile.

Asymmetric Additional Risk Considerations

Thera are no asymmetric risk considerations affecting the rating
determination.

RATING SENSITIVITIES

Operating Performance Recovery: Continued improvement in MHS's
operating performance sufficient to generate operating EBITDA
margins consistent with a mid-range operating risk assessment is
expected. Rating pressure could result if the current positive
operating trend reverses or financial resources erode. Fitch
believes MHS has very limited debt capacity at the current rating
level given its thin liquidity profile and high adjusted debt
position (including pension liability and operating leases). An
increase in net leverage would likely pressure the rating.

Sustained operating improvement in conjunction with a material
strengthening of financial resources sufficient to provide adequate
financial flexibility, while not expected in the two year outlook
period, could result in positive rating movement.

CREDIT PROFILE

MHS operates the 199-bed Marietta Memorial Hospital (MMH) and a
25-bed critical access hospital, Selby General Hospital (SGH), both
located in Marietta, OH, as well as nine outpatient care centers
and 26 medical staff offices and clinical care delivery locations
in southeast Ohio.

The system delivers services primarily in Washington County (OH)
and Wood County (WV). The obligated group includes employed
physicians and the foundation and accounted for approximately 99%
of the total revenues and assets of the system in fiscal 2018.
Operating revenues totaled approximately $472 million in fiscal
2018.

Revenue Defensibility

Medicaid and self-pay totaled about 20% of gross revenues in fiscal
2018. The payor mix has been stable over recent years and no major
shifts in payor mix are anticipated. MHS's Selby General Hospital
(SGH) is a licensed critical access hospital which receives
enhanced reimbursement under Medicare. Medicare levels are somewhat
high at just over 50% of gross revenues. About 77% of gross
revenues are generated from outpatient services.

MHS continues to maintain a solid PSA market share of about 45%
with a leading 70% market share in its Ohio service area, and a
growing market share of 25% in its West Virginia market since the
2014 opening of its Belpre campus which is located in Belpre, OH
with better access to the West Virginia market. MHS's leading
market share is supported by a free standing emergency department
in Belpre, OH and about 300 employed providers (about 95% of the
medical staff), with orthopedics being the only independent
physicians group.

The early fiscal 2017 electronic health records implementation
contributed to clinic visits falling by over 3% from 2017 to 2018.
With productivity slow to recover, management has focused on better
aligning physicians with productivity standards and on increasing
clinic throughput. Clinic visits rebounded by over 6% in fiscal
2018 and continue to show growth for fiscal 2019 six months
year-to-date. MHS continues to recruit for specific specialties and
recently added a gastroenterologist and rheumatologist to the
staff.

Management is also focused on increasing the market presence in
cardiology with the introduction of cardiac surgery anticipated for
later this year. Competition for this service is primarily from
West Virginia University located about 125 miles to the east. A
recently established family practice residency with six positions
supports MHS's primary care efforts. Inpatient admissions continue
to decline slightly with outpatient volumes somewhat offsetting
these declines.

MHS primarily operates in Washington County, Ohio and Wood County,
West Virginia. Both Wood and Washington Counties have experienced
declines in population growth rates over the last five years and
have unemployment rates that compare unfavorably to state and
national averages. Wood County's median household income is
comparable to the state average and Washington County's is below
the state average. The service area is expected to support a stable
payor mix.

Operating Risk

MHS experienced a sharp decline in operating profitability
beginning in fiscal 2017 and continuing through 2018 resulting in
an operating EBITDA margin of 2.8% and 3.9%, respectively. Through
fiscal 2017, MHS had strong and stable operating performance with a
three year average operating EBITDA margin of about 10%. The fiscal
2017 operating decline reflects significantly lower volumes,
primarily for outpatient and emergency services, one-time operating
costs and revenue cycle disruption related to the electronic health
records conversion.

In response to the operating declines, management has been working
with consultants to implement cost structure and margin improvement
initiatives and to improve the revenue cycle. Initiatives related
to cost management include work force efficiency, employee health
benefits, group purchasing, supplies and pharmaceuticals and care
management.

A revenue cycle consultant was brought in to improve collections
and MHS has created a full time revenue cycle position as of
December 2018. Historical deficits in collection efforts were
discovered during this process and collections have improved by
about $20 million on an annualized basis. Initial revenue cycle
efforts focused on maximizing collections and more efficient write
offs rather than reducing the days in accounts receivable. Days in
accounts receivable remains elevated at around 75 days. Other
initiatives have centered on physician productivity and standards
through a medical leadership council.

MHS fell significantly short of budget in fiscal 2018, with an
operating loss of about $11.3 million compared to a budgeted gain
of about $9.3 million. Year-to-date operating performance (six
months ended March 31, 2019) shows significant improvement over the
prior year comparable period reflecting the operating improvement
initiatives and revenue cycle improvements. The six month interim
operating EBITDA margin for fiscal 2019 was a solid 8.3% compared
to the prior year period of 1.3%. Fitch expects operating
improvement to continue through fiscal 2019 and stabilize in fiscal
2020 with operating EBITDA margins normalizing at around 8.5%.
Despite cash flow improvements, days in current liabilities remains
high and reached 93 days in fiscal 2018 and remains elevated at
March 31, 2019 at about 85 days compared to the non-investment
grade 2017 median of about 60 days.

Capital expenditures are assessed as elevated. Capital expenditures
have been heightened over the last five years, as MHS has funded
ongoing strategic initiatives to help maintain its leading market
position in Washington County, OH and further grow its market
position in Wood County, WV. The spending has included an EHR
implementation, an expansion and renovation project at SGH, a
renovation project at MMH, as well as the construction of a new
freestanding emergency department. From fiscal 2014-2018 capital
expenditures to depreciation has averaged about 200%, funded by a
combination of unrestricted cash, cash flow, and debt proceeds.

Fitch anticipates lower capital expenditures going forward as MHS
focuses on improving its recently weak operating performance and
building cash balances. MHS capital budget for 2019 is currently
set at approximately 30 percent of depreciation. The elevated
capital expense assessment also considers MHS's average age of
plant of over 13 years, which could indicated capital needs over
the longer term.

Financial Profile

MHS's net leverage profile reflects constrained financial resources
and high debt levels, including debt equivalents. Historically, MHS
has operated with thin financial flexibility and relatively high
leverage. High spending levels during years of favorable cash flow
(through 2016) impeded the building of financial resources and
operating difficulties beginning in 2017 led to further weakening
of the financial profile. Net adjusted debt includes about $10
million in debt equivalents related to a defined contribution
pension plan that was frozen in 2018, and about $75 million related
to operating leases (calculated at a five times multiple) in fiscal
2018. Cash to adjusted debt was 35% and net adjusted debt to
adjusted EBITDA was about 4.9 times (adjusted for a pension expense
adjustment due to the freezing of the plan) in fiscal 2018.

Improved cash flow and revenue collections beginning in fiscal 2019
have boosted unrestricted cash and investments by about $13.5
million to $101.4 million or 80 days cash on hand for the six month
fiscal 2019 interim period (compared to about 69 days cash for
fiscal 2018). MHS's leverage metrics improve through the stress
case as cash flow allows for the building of liquidity and the
frozen pension plan reduces net adjusted debt, but metrics remain
consistent with the weak financial profile assessment given the
mid-range revenue defensibility and mid-range operating risk
profile.

Fitch's five year forward look assumes moderate revenue growth and
operating improvement following a positive trend in 2019 with
operating EBITDA margins stabilizing slightly above 8% by 2020 as
operating improvement initiatives and revenue cycle improvements
continue to be realized. Fitch assumes capital expenditures in the
base case of about 100% of depreciation.

Fitch's forward looking stress case scenario includes a standard
revenue stress and portfolio sensitivity based on MHS's asset
allocation. The stress case scenario reflects reduced capital
expenditures in 2020 and 2021 by 20% reflecting flexibility in the
capital plan and does not incorporate any additional debt. In year
five of the stress case scenario, cash to adjusted debt of about
40% and net adjusted debt to adjusted EBITDA of 2.7 times is
consistent with the 'BB' rating category given MHS's mid-range
revenue defensibility and mid-range operating risk assessment.

Asymmetric Additional Risk Considerations

No asymmetric additional risk considerations were applied in this
rating determination. Total long term debt of about $212.5 million
in fiscal 2018 is comprised of about $191 million of fixed rate
long term bonds and $17.7 million in a short term bank note with a
final maturity of June 30, 2020.


MERIDIAN MARINA: Seeks to Hire Kelley Fulton as Counsel
-------------------------------------------------------
Meridian Marina & Yacht Club of Palm City, LLC, seeks authority
from the U.S. Bankruptcy Court for the Southern District of Florida
to employ Kelley Fulton & Kaplan, P.L., as counsel to the Debtor.

Meridian Marina requires Kelley Fulton to:

   a. advise the Debtor of its powers and duties in the continued
      management of its business operations;

   b. advise the Debtor of its responsibilities in complying with
      the U.S. Trustee's Operating Guidelines and Reporting
      Requirements and with the rules of the court;

   c. prepare motions, pleadings, orders, applications, adversary
      proceedings, and other legal documents necessary in the
      administration of the case;

   d. protect the interest of the Debtor in all matters pending
      before the bankruptcy court; and

   e. represent the Debtor in negotiation with its creditors in
      the preparation of a plan.

Kelley Fulton will be paid at the hourly rate of $450. Kelley
Fulton will be paid a retainer in the amount of $25,000. It will
also be reimbursed for reasonable out-of-pocket expenses incurred.

Craig I. Kelley, partner of Kelley Fulton & Kaplan, P.L., 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.

Kelley Fulton can be reached at:

     Craig I. Kelley, Esq.
     KELLEY & FULTON, PL
     1665 Palm Beach Lakes Blvd Suite 1000
     West Palm Beach, FL 33401
     Tel: (561) 491-1200
     E-mail: craig@kelleylawoffice.com

               About Meridian Marina & Yacht Club

Meridian Marina & Yacht Club of Palm City, LLC, based in Palm City,
FL, filed a Chapter 11 petition (Bankr. S.D. Fla. Case No.
19-18585) on June 27, 2019.  In the petition signed by Timothy
Mullen, member/manager, the Debtor disclosed $8,528,155 in assets
and $5,790,533 in liabilities.  The Hon. Erik P. Kimball oversees
the case. Craig I. Kelley, Esq. at Kelley Fulton & Kaplan, P.L.,
serves as bankruptcy counsel.




NEW PLAN: Fitch Lowers Rating on $31.6MM Series 2011A Bonds to CCC
------------------------------------------------------------------
Fitch Ratings has downgraded the following revenue bonds issued by
the Industrial Development Authority of the County of Pima, AZ on
behalf of the New Plan Learning, Inc. Project to 'CCC' from 'B+':

  -- $31,615,000 educational facilities revenue bonds series 2011A.


The Rating Watch Negative is removed.

SECURITY

The bonds are secured by the gross revenues of NPL, which are
primarily comprised of lease payments from four participant charter
schools, one located in Illinois and three in Ohio. The source of
repayment is a several, not joint, obligation of the four schools.
Lease payments are sized to meet 120% of each school's allocated
portion of debt service. A mortgage is provided on each
participant's school facility. The debt service reserve is funded
at maximum annual debt service (MADS), primarily by a surety.

Bondholders also have a security interest in NPL's gross revenue
fund which the indenture requires NPL to maintain at no less than
12% of aggregate corporate revenues, including rents from
non-financed schools.

ANALYTICAL CONCLUSION

The downgrade to 'CCC' is due to the application of Fitch's revised
'U.S. Public Finance Charter School Rating Criteria.' The action
resolves the Rating Watch Negative placed on the bonds at the time
the criteria were published. The revised criteria places increased
focus on leverage relative to revenue defensibility and operating
risk. The three Ohio schools under the financing -- Horizon Science
Academy (HSA) Dayton, HSA Springfield and HSA Toledo -- have weaker
revenue defensibility and operating risk characteristics. The
fourth financed school, Chicago Math and Science Academy (CMSA) has
midrange revenue defensibility and operating risk characteristics
but since bond repayment is not a joint and several obligation,
that school's relative health does not affect the rating. In
addition to the high leverage metrics at all schools, continued
poor academic performance measures and a one-year charter renewal
term for HSA Toledo increase the risk of charter nonrenewal and
closure and weighs on the rating.

Under Ohio's automatic closure law for community (charter) schools,
HSA Toledo could be required to close at the end of the upcoming
school year if it does not improve its scores in the 2019 state
report card to be released in September. The state's recently
enacted fiscal 2020 budget requires closure with three consecutive
years of 'F' grades, slightly weaker than the two of three years
previously required. HSA Toledo appears in jeopardy of meeting this
new requirement. Therefore, Fitch believes there is a high
likelihood that HSA Toledo will be forced to permanently close
unless its 2019 state report card performance report shows
improvement.

KEY RATING DRIVERS

Revenue Defensibility - Weaker: The three Ohio schools have weaker
revenue defensibility assessments, limited by weak academic results
and enrollment well below their capacity.

Operating Risk - Weaker: While Fitch believes CMSA has flexibility
to vary cost with enrollment shifts, the three Ohio schools'
ability to adjust costs is limited by weak academic performance.
Fitch considers carrying costs for debt service and pension
contributions to be midrange for each school, although HSA Dayton's
metric is on the elevated end of that assessment.

Financial Profile - below 'b': All of the schools have high
leverage metrics. Two of the four schools (HSA Toledo and HSA
Springfield) were unable to generate sufficient cash flow for debt
service without the management organization donating some of its
management fee.

Asymmetric Additional Risk Considerations: Liquidity for three of
the four schools is limited. Fitch is concerned about the ability
of the Ohio schools, particularly HSA Toledo, to meet state
requirements to remain open.

RATING SENSITIVITIES

RISK OF CLOSURE: Fitch believes poor academic and financial
performance may lead one or more of the financed schools to lose
its charter and close in the near term. Evidence of increased
likelihood of closure would result in a downgrade to reflect
increased risk of bond default.

ENROLLMENT AND OPERATING STABILITY: The rating could improve if the
weaker schools demonstrate a consistent ability to meet state
standards, increase enrollment levels, begin to generate operating
surpluses without management company subsidy and gradually grow
reserves.

CREDIT PROFILE

Revenue Defensibility

The three Ohio schools have weaker revenue defensibility, driven by
poor academics and weak enrollment trends. CMSA has relatively
strong academic results and a trend of enrollment at capacity.

Poor academic results have driven weaker demand and enrollment. In
the last Ohio School Report Card, HSA Dayton received an F, HSA
Toledo a D, and HSA Springfield a C. Consequently, each of the
schools has lost enrollment and is now well below the enrollment
capacity of its facilities, with HSA Dayton enrolling 310 students
(down from a peak of 347 in fiscal 2014, with capacity of 600), HSA
Springfield 370 (down from 430 in fiscal 2014, with capacity of
450), and HSA Toledo 529 (down from 586 in fiscal 2015, capacity of
650). There are no limits on capacity in the schools' charters
beyond facility size.

Growth in Ohio per-student basic aid has been slow at around 0.5%
over the last 10 years. However, Fitch expects that growth in state
aid will improve, approximating inflation, after a change in the
formula in 2015.

Unlike the three Ohio schools, CMSA has midrange revenue
defensibility, with strong academic results that exceed the
district in English Language Arts and Math. The school has been
able to maintain enrollment levels at capacity for eight
consecutive years and Fitch expects state aid to increase at a rate
approximating the rate of inflation.

Operating Risk

Fitch considers operating risk for each of the Ohio schools to be
weaker. This reflects the schools' generally moderate carrying
costs to pay debt service and annual pension contributions as well
as the practical limitations to reducing spending when enrollment
and academic results are already challenged. The assessment
considers the schools' well-identified cost drivers with moderate
potential volatility and the ability to control teacher salary
increases.

Despite some control over workforce costs, which are not governed
by collective bargaining agreements, Fitch believes the Ohio
schools are more limited than CMSA in their ability to reduce
teacher headcount. Doing so could impair their already poor
academic performance, potentially contributing to further
reductions in student demand.

Carrying costs for CMSA, Springfield, and Toledo have averaged
17%-20% of expenditures over the past five years. Dayton's have
been higher at 25%, further limiting the ability to reduce costs.

The three Ohio schools participate in the Ohio State Teachers
Retirement System (STRS) for pensions of teachers and the Ohio
School Employees Retirement System (SERS) for other school
employees. Contributions as a percentage of payroll toward both
systems are set in statute; the systems determine the shares
allocated to pensions, with the excess allocated to other
post-employment benefits (OPEB). Currently, all contributions for
STRS and most contributions for SERS are allocated to pensions.
Contributions for STRS exceed the actuarial level necessary under
STRS funding policy to amortize the liability over a fixed period
through 2045, and contributions for SERS closely match the
actuarial level.

Influencing Fitch's perspective on CMSA's operating risk is the
potential for increased pension contributions in upcoming years, as
Fitch's supplemental pension metric, which estimates the annual
pension cost based on a level dollar payment for 20 years with a 5%
interest rate, indicates that carrying costs are vulnerable to
significant future increases. Management reports that none of the
four schools has significant projected capex requirements.

Financial Profile

The three Ohio schools have leverage metrics that are consistent
with a below 'b' assessment given their revenue defensibility and
operating risk assessments. CMSA has a stronger financial profile,
partially due to its stronger revenue defensibility assessment.

The three Ohio schools' financial profiles are consistent with an
assessment below 'b', due to their extremely limited operating
margins, slim cash reserves and elevated leverage including net
pension liabilities. All three Ohio schools have been unable to
generate cash flow sufficient to support debt service without the
donation of fees owed to Concept Schools, the management
organization. Fitch's base case assumes the schools will continue
to need to have management fees donated to continue to operate and
repay their portion of debt service. Dayton has generated slightly
positive cash flow with the waiver of a portion of management fees,
but debt and pension liabilities are high relative to slim cash
flow available for debt service (CFADS).

Fitch believes these metrics are less useful when evaluating
default risk of entities with such compromised financial
performance. While Fitch does not believe management fees can be
waived indefinitely, the management company's willingness to donate
them does provide a limited margin of safety. Reserves required
under the bond indenture also provide a limited margin. These
include a bond revenue fund of $500,000 and a capital and
maintenance operating fund of $1 million, in aggregate totaling
less than 5% of debt outstanding. However, only a small portion of
the debt service reserve requirement is in cash, and Fitch has no
basis to evaluate the credit quality of the surety provider for the
remainder of the reserve.

CMSA has had a stronger operating history, generating cash flow
available for debt service between 13x and 21x net debt to CFADS in
the last five years, levels that Fitch considers to be stronger
than the three Ohio schools due to CMSA's stronger revenue
defensibility assessment. Fitch expects the ratio to improve in the
base case, to 15x. Fitch's rating case for CMSA incorporates a
revenue stress utilizing the FAST model for States and Locals.
Fitch's scenario shows a 1.0% GDP decline resulting in a 1.0%
revenue decline in year one, followed by increases of 1.7% in year
two and 4.0% in year three. Fitch assumes that expenditures would
increase by 1.5% in the first year of the rating case, but that the
school would be able to adjust expenditure growth to zero in the
second year and increase expenditures back to inflationary growth
in the third year of the ratings case. In this scenario, the
school's model-generated net liability to CFADS metric increases to
about 18.0x in the first year of the scenario analysis, but
improves to 16.0x in the second year and approximately 12.5x by the
third year - a level of financial flexibility in the 'b' range.

As of their most recent measurement dates, the ratio of assets to
liabilities of the two pension plans that the Ohio school districts
participate in were 77.3% (STRS) and 71.4% (SERS); most of the
school' pension liabilities are for STRS. Using a lower 6.0%
assumption to measure the system's liabilities (instead of the
7.45% used by STRS and the 7.5% rate used by SERS) would lower
their ratio of assets to liabilities to 66.8% and 60.3%,
respectively. Statutory and board reforms to STRS in 2012 and 2017
reduced benefits for new hires, lowered the discount rate, closed
the amortization period, and eliminated COLAS; COLAs were also
temporarily eliminated for SERS in 2017. With the STRS board's
shift of all employer contributions to pensions (instead of OPEB)
in 2017, as noted earlier, the forecast amortization period has
fallen to about 18 years, compared to the current 27-year policy
target. Changes in recent years position both plans for funding
progress assuming that they meet their actuarial assumptions,
however their high discount rates relative to Fitch's 6% assumption
remain a source of vulnerability.

Pension benefits for CMSA's teachers are provided through the
Public School Teachers' Pension and Retirement Fund of Chicago
(CTPF), a cost-sharing multi-employer defined benefit plan. Under
GASB 68 reporting, the plan reported a 48% asset to liability ratio
as of June 30, 2017. Fitch estimates the ratio to be lower at about
39% when adjusted to reflect a 6% return assumption. The weak
ratios stem from past pension contribution holidays and poor
investment returns. State law requires annual contributions
sufficient only to reach a 90% funding level by 2059, rather than
over a shorter period. Fitch expects pensions to continue to be a
pressure, particularly given the longer than typical amortization
period.

Asymmetric Additional Risk Considerations

Weak financial results have led to the depletion or near-depletion
of cash at all three Ohio schools. Even CMSA, the financially
strongest of the four schools, has a ratio of liquidity to
operating expenses of less than 33%, resulting in an asymmetric
additional risk consideration.

The impact of weak academic performance is an additional credit
concern for Fitch, as it could signal a potential charter
revocation and ultimate school closure. Toledo's charter was
recently renewed for only a one year term, much shorter than a
typical five-year renewal in the charter school sector. The
short-renewal term was a result of the school's continued poor
academic performance. Along with the state's automatic closure
requirements, this indicates elevated risk of permanent closure.
Dayton's, Springfield's, and CMSA's charters expire in June 2020,
June 2021 and June 2026, respectively.


NUVIDORRA INC: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
Nuvidorra, Inc., according to court dockets.
    
                       About Nuvidorra Inc.
  
Nuvidorra, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-05832) on June 20,
2019.  At the time of the filing, the Debtor disclosed assets of
between $100,001 and $500,000 and liabilities of the same range.
The case is assigned to Judge Catherine Peek Mcewen.  The Debtor is
represented by the Law Offices of Melody D. Genson.


ORCHIDS PAPER: Gets Appproval to Hire Deloitte, Appoint CSO
-----------------------------------------------------------
Orchids Paper Products Company received approval from the U.S.
Bankruptcy Court for the District of Delaware to hire Deloitte
Transactions and Business Analytics LLP, and appoint the firm's
managing director Richard Infantino as interim chief strategy
officer.

Mr. Infantino and his firm will provide these services in
connection with the Chapter 11 cases filed by the company and its
affiliates:

     (a) assess the Debtors' current business plan and operations
with respect to potential profitability, ongoing cash requirements,
profit center contributions, break-even levels, cost reductions and
potential performance improvement initiatives;

     (b) develop the Debtors' financial and operational turnaround
strategy and associated activities for the input and approval of
their special board committee;

     (c) lead the implementation of the special committee-approved
financial and operational turnaround strategy, manage the Debtors'
strategy in a bankruptcy case, and manage their restructuring
professionals;

     (d) manage vendor payments and related negotiations;

     (e) lead preparation of the Debtors' schedules, statements and
other reports required as part of their bankruptcy cases; and

     (f) lead the Debtors' claims process in connection with their
bankruptcy cases.

The firm's hourly rates are:

     Richard Infantino                       $700
     Partner/Principal                    $775 - $925
     Managing Director                    $700 - $925
     Senior Manager Specialist               $675
     Senior Vice President/Senior Manager    $625
     Vice President/Manager                  $525
     Senior Associate/Senior Consultant      $475
     Associate/Consultant                    $395

Deloitte received $100,000 as a retainer.

Mr. Infantino disclosed in court filings that he and his firm do
not hold any interest adverse to the Debtors.

Deloitte can be reached through:

     Richard S. Infantino
     Deloitte Transactions and Business Analytics LLP
     1700 Market Street, Suite 2700
     Philadelphia, PA 19103
     Phone: +1 610 745 0081  
     Email: rinfantino@deloitte.com  

                  About Orchids Paper Company

Headquartered in Pryor, Oklahoma, Orchids Paper Products Company --
http://www.orchidspaper.com/-- is a national supplier of consumer
tissue products primarily serving the at home private label
consumer market.  The Company produces a full line of tissue
products, including paper towels, bathroom tissue and paper
napkins, to serve the value through ultra-premium quality market
segments from its operations in northeast Oklahoma, Barnwell, South
Carolina and Mexicali, Mexico.  The Company provides these products
primarily to retail chains throughout the United States.

As of Feb. 28, 2019, the Debtors posted total assets $322,061,000
and total debt of $260,864,000.

Orchids Paper Products Company and two of its subsidiaries filed
for bankruptcy protection (Bankr. D. Del. Lead Case No. 19-10729)
on April 1, 2019.  The petitions were signed by Richard S.
Infantino, interim chief strategy officer.

Hon. Mary F. Walrath oversees the cases.

The Debtors tapped Polsinelli PC as counsel; Deloitte Transactions
and Business Analytics LLP as chief strategy officer; Houlihan
Lokey Capital, Inc., as investment banker; and Prime Clerk LLC as
claims and notice agent.

Andrew Vara, acting U.S. trustee for Region 3, on April 15, 2019,
appointed five creditors to serve on an official committee of
unsecured creditors in the Chapter 11 cases.  The Committee
retained Lowenstein Sandler LLP, as counsel; and CKR Law LLP as its
Delaware counsel.


P & P ENTERPRISES: Case Summary & 6 Unsecured Creditors
-------------------------------------------------------
Debtor: P & P Enterprises, Inc.
        9103 Peabody Street
        Manassas, VA 20110

Business Description: P & P Enterprises, Inc. is a privately held
                      company in  Manassas, Virginia.

Chapter 11 Petition Date: July 24, 2019

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

Case No.: 19-12425

Judge: Hon. Brian F. Kenney

Debtor's Counsel: Christopher S. Moffitt, Esq.
                  LAW OFFICES OF CHRISTOPHER S. MOFFITT
                  218 North Lee Street, 3rd Floor
                  Alexandria, VA 22314
                  Tel: (703) 683-0075
                  Fax: 703-229-0566
                  E-mail: moffittlawoffices@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Peter Perretta, president.

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

           http://bankrupt.com/misc/vaeb19-12425.pdf


PES HOLDINGS: Taps Omni Management as Claims Agent
--------------------------------------------------
PES Holdings LLC received approval from the U.S. Bankruptcy Court
for the District of Delaware to hire Omni Management Group, Inc.,
as claims and noticing agent.

The firm will oversee the distribution of notices and the
maintenance, processing and docketing of proofs of claim filed in
the Chapter 11 cases of the company and its affiliates.

The hourly rates charged by Omni Management range from $25 to $155.
The firm will provide the companies with a discount of up to
$50,000.

Prior to the Petition Date, the Debtors paid the firm a retainer in
the amount of $20,000.

Omni Management is "disinterested" as defined in Section 101(14) of
the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Paul Deutch
     Omni Management Group, Inc.
     1120 Avenue of the Americas, 4th Floor
     New York, NY 10036
     Tel: 212-302-3580
     Fax: 212-302-3820
     Email: paul@omnimgt.com
     Email: nycontact@omnimgt.com

                         About PES Energy

Headquartered in Philadelphia, Pennsylvania, PES Holdings LLC and
its subsidiaries are owners and operators of oil refining complex
and have been continuously operating in some form for over 150
years.

PES Energy Inc. is the indirect parent company of Philadelphia
Energy Solutions Refining and Marketing LLC (PESRM).  PESRM owns
and operates the Point Breeze and Girard Point oil refineries
located on an integrated, 1,300-acre refining complex in
Philadelphia.

PES Holdings, LLC, and seven subsidiaries, including PES Energy,
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
19-11626) on July 21, 2019.

PSE Holdings estimated $1 billion to $10 billion in assets and the
same range of liabilities as of the bankruptcy filing.

The Debtors tapped Kirkland & Ellis LLP as general bankruptcy
counsel; Pachulski Stang Ziehl & Jones LLP as local bankruptcy
counsel; PJT Partners LP as financial advisor; and Alvarez & Marsal
North America, LLC, as restructuring advisor.  Omni Management
Group, Inc., is the notice and claims agent.

The Company's proposed DIP financing lenders are represented by
Davis Polk & Wardwell LLP and Houlihan Lokey Capital, Inc.


PRESBYTERIAN VILLAGES: Fitch Affirms BB+ on $29MM Series 2015 Bonds
-------------------------------------------------------------------
Fitch Ratings has affirmed the 'BB+' rating on approximately $29
million of series 2015 fixed rate revenue bonds issued by the
Michigan Finance Authority on behalf of the Presbyterian Villages
of Michigan Obligated Group.

The Rating Outlook has been revised to Negative from Stable.

SECURITY

The bonds are secured by a pledge of unrestricted receivables, a
mortgage on certain properties, and a debt service reserve fund.

KEY RATING DRIVERS

MIXED OPERATING PROFILE: The service area around Westland has
somewhat modest demographic characteristics, although growth is
focused at East Harbor with stronger demographics. While
competitors are present in the broader area, competition is
somewhat limited in the communities immediately surrounding
Westland and East Harbor. Occupancy rates are rebounding in interim
2019.

MIXED AND GENERALLY MODEST FINANCIAL PROFILE: Cash on hand of just
over 130 days at fiscal year-end (FYE) 2018 is modest. Cash-to-debt
of 33% at FYE 2018 is more adequate for a non-investment-grade
rental life plan community (LPC). Operating metrics have been
modest the last two years, as the operating ratio was above 100% in
2017 and 2018. Maximum annual debt service (MADS) coverage of 1.4x
in 2018 is sound for a non-investment-grade rental LPC (debt
service coverage per management calculations was 2.1x in 2018).

MANAGEABLE LONG-TERM LIABILITY PROFILE: PVM OG's debt burden is
manageable as MADS as a percentage of revenue measured 6.6% in
fiscal 2018. Debt-to-net available in fiscal 2018 of 11.6x is just
above the non-IG median. Debt equivalents are manageable, as PVM OG
does not have a defined benefit pension plan and only limited
exposure to operating leases.

ASYMMETRIC RISK FACTORS: There are no asymmetric risk factors
associated with PVM OG's rating.

RATING SENSITIVITIES

SOFT OPERATIONS: The Outlook revision to Negative reflects PVM OG's
modest operating results in fiscal 2017 and fiscal 2018. Continued
weak operating metrics -- e.g., operating ratio above 100% or net
operating margin (NOM) below 0% -- likely would pressure the
rating, particularly given the organization's somewhat modest
liquidity position for a high non-investment-grade rental LPC. PVM
OG is showing improved operating results in interim fiscal 2019,
which precludes a rating downgrade at this time. Additional debt
also could pressure the rating, unless operating results or
liquidity improve notably. Upward rating movement is not likely
until PVM OG improves its liquidity position materially.

CREDIT PROFILE

PVM is an ageing services network and is headquartered in
Southfield, MI. PVM OG consists of PVM Corporate, the PVM
Foundation, continuing care retirement communities in Westland and
Chesterfield Township (East Harbor), and Presbyterian Village
North, which owns 13 acres of undeveloped land and is a general
partner in two low income housing tax credit entities that generate
return on investment for the OG. The two PVM OG campuses total 289
independent rental units (ILU), 117 assisted living units (ALU),
and 102 skilled nursing (SNF) beds.

PVM also has an ownership interest in approximately 1,975 ILUs and
ALUs through non-obligated entities and an equity interest in two
Program of All-Inclusive Care for the Elderly (PACE), one senior
home health agency, and a senior home improvement entity. PVM
manages 1,840 ILUs, ALUs, and SNFs for which it does not have an
ownership interest. All PVM owned and managed properties are in
Michigan.

PVM OG recorded nearly $31 million in audited operating revenue in
fiscal 2018 (December 31 year-end). The full PVM system, including
non-OG members, recorded operating revenue of approximately $146
million in 2018. Full system revenue has increased considerably in
recent years.

MIXED OPERATING PROFILE

PVM OG's service area characteristics are mixed, although housing
sales are improving. The service area around the Westland campus is
somewhat modest (e.g., based on U.S. Census data, Westland's
population has declined since 2010 and its median household income
level is below the state and national averages). East Harbor has
more favorable demographic characteristics (e.g., good population
growth and a well above average median income level) with growth
prospects.

According to Zillow, the Zillow home value index in Chesterfield,
MI (East Harbor) is approximately $222,000. Home values increased
5.9% over last year and are forecast to increase by 2.6% over the
next year. Fitch currently rates Chesterfield Township 'AA-'. The
Zillow home value index in Westland is $141,000. Home values
increased 6.8% over last year and are forecast to increase 5.1%
over the next year. Zillow labels the housing markets around both
Chesterfield Township and Westland as "very hot".

There are senior living competitors throughout the broad Detroit
metro area. Comparable full-service LPC competition is somewhat
limited in the communities immediately surrounding Westland and
Chesterfield. Management notes that East Harbor is still one of
only two full service LPCs in Macomb County. New competition opened
within a few miles of East Harbor within the last year, but East
Harbor's improved occupancy rates and robust waitlist suggest ample
demand in the market.

PVM OG's occupancy has improved. ILU occupancy improved to 88% as
of March 31, 2019, up from 83% in 2018. ALU occupancy in particular
has grown, measuring 94% as of March 31, 2019, up from 88% in 2018
and 85% in 2017. SNF occupancy remains above 93%. The improved
occupancy is due to recent physical upgrades, particularly at East
Harbor, and more focus of marketing and outreach. The East Harbor
ILU alone has a waitlist of approximately 85.

Quality is an area of strength for PVM. For example, the PVM OG SNF
facility has a five-star rating from CMS, and East Harbor was the
recipient of the Governor's Award of Excellence (one of only 12
recipients).

MIXED AND GENRALLY MODEST FINANCIAL PROFILE

Operating metrics (which are reported by Fitch as net of
unrestricted contributions and donations) have been modest the last
two years for a high non-investment-grade LPC. PVM OG's operating
ratio weakened to 102% in fiscal 2017 (after averaging 97% in the
three years prior to that) and measured roughly 103% in fiscal 2018
(the non-investment-grade median is nearly 102%). PVM OG's NOM was
negative in both fiscal 2017 (-0.5%) and fiscal 2018 (-3.3%),
compared with the non-investment-grade median of 5.1%.
Approximately half of PVM OG's revenues are derived from SNF
services, which leads to limited pricing power (given that the
majority of SNF volumes are from government sources) and
contributes to PVM OG's thin NOM.

Favorably, PVM OG is starting to show improved operating results in
interim fiscal 2019. For example, its operating ratio and NOM
measured approximately 99% and nearly 6%, respectively, in
first-quarter fiscal 2019. The gains in early 2019 are due in part
to the aforementioned improvement in occupancy rates. Moreover, PVM
OG is focusing on expense management, in particular tools to flex
expense in-line with census fluctuations. Management is also
starting to leverage the PVM system's scale to negotiate improved
contractual terms with vendors. Failure to sustain improved
operating margins could pressure PVM OG's rating.

Despite modest cash flow generation, PVM OG's MADS coverage is
sound for a non-investment-grade rental LPC. MADS coverage measured
1.4x in fiscal 2018 (non-investment-grade median is 1.3x). MADS
coverage - revenue only of 1.3x in fiscal 2018 compares well with
the non-investment-grade median of 0.8x. Per management
calculations, debt service coverage was 2.1x in fiscal 2018
(compared with an MTI covenant of 1.20x).

PVM OG's liquidity ratios are modest with cash on hand of 134 days
at FYE 2018 and 122 days at March 31, 2019 (non-investment-grade
median is 292 days). Cash-to-debt is comparatively more sound at
33% at FYE 2018 (non-investment grade median is 32%).

ONGOING CAPITAL PROJECTS

PVM OG's average age of plant measured a relatively high 17.9 years
at FYE 2018, although the capital spending ratio averaged more than
2.5x in 2017 and 2018, indicating management's commitment to
reinvesting in the physical plan. Major projects at East Harbor
were finished in mid 2018, including completing the SNF wing and
renovating ALU, memory care and common areas. In June 2018, PVM
developed a new master plan for East Harbor, which includes a
Wellness Center (inside the OG) and additional ILU apartments and
cottages (which may be inside or outside the OG).

At Westland, PVM OG renovated a wing in 2018 to convert two and one
bedroom apartments to studios (and filled the new studios). The
board and management are developing a new three-year strategic plan
for long-term upgrades and program repositioning at Westland.
Westland owns approximately eight acres of land adjacent to the
Westland OG campus that could be used for future projects.

PVM secured a preliminary proposal from Huntington Bank to provide
bank financing for the East Harbor ILU apartment and cottages
project, with the intent to refinance this debt once the new
project is stabilized and meets the eligibility requirement for a
HUD 223f loan. It is expected that this HUD loan would be issued
outside of the OG, without recourse to the OG. OG new money debt
plans may be considered depending on the Westland strategic plan
and success of fundraising efforts.

In 2018, the PVM Foundation developed a five-year strategic plan
with a goal to raise $30 million or more, largely for non-OG
investments. PVM has a track-record of successful philanthropy,
such as exceeding a prior $25 million capital campaign. PVM also
completed in 2018 a $2.1 million campaign to support the Wellness
Center at East Harbor.

MANAGEABLE LONG-TERM LIABILITY PROFILE

PVM OG's debt burden is manageable as MADS as a percentage of
revenue measured 6.6% in fiscal 2018, well below the
non-investment-grade median of 16.5%. Debt-to-net available in
fiscal 2018 of 11.6x is just above the non-investment-grade median
of 9.8x.

Debt equivalents are manageable. PVM OG does not have a defined
benefit pension plan and only limited exposure to operating leases
(the operating lease expense was approximately $170,000 in fiscal
2018).

ASYMMETRIC RISK FACTORS

There are no asymmetric risk factors associated with PVM OG's
rating.


PRO TECH MACHINING: Seeks Authorization to Use Cash Collateral
--------------------------------------------------------------
Pro Tech Machining, Inc. seeks authorization from the U.S.
Bankruptcy Court for the Western District of Pennsylvania to use
cash collateral in the ordinary course of business.

Northwest Savings Bank and On Deck Capital may have a security
interest in the collateral of the Debtor. Northwest Bank, claims a
first priority interest in the approximate amount of $232,220 and
On Deck claims to have second priority interest in the approximate
amount of $122,054.

A copy of the Cash Collateral Motion is available for free at

           http://bankrupt.com/misc/pawb19-10690-5.pdf

                     About Pro Tech Machining

Pro Tech Machining, Inc., is an S-Corporation that does business as
a machining shop.  The Debtor sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Pa. Case No. 19-10690) on July 10,
2019.  The petition was signed by Edward C. Nelson, president.  At
the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $1 million.  The Debtor is
represented by Christopher M. Frye and his firm Steidl &
Steinberg.
         



PRYOR DEFIORE: Judge Denies Continued Use of Cash Collateral
------------------------------------------------------------
After considering the Motion for Use of Cash Collateral filed by
Pryor, DeFiore & Bradford CPAs, PLLC and the Objection filed by Oak
Street Funding LLC, Bankruptcy Judge H. Christopher Mott issued an
order denying Debtor's use of cash collateral on a final basis.

               About Pryor, DeFiore & Bradford CPAs

Pryor, DeFiore & Bradford CPAs, PLLC -- https://www.pdbcpas.com/ --
provides personal and business accounting, tax and financial
services.

Pryor, DeFiore & Bradford CPAs, PLLC filed a voluntary petition
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No.
19-10717) on May 31, 2019.  In the petition signed by Larry
Bradford, manager, the Debtor disclosed $470,325 in assets and
$1,181,064 in liabilities.  The case is assigned to Judge H.
Christopher Mott.  Barbara M. Barron, Esq. at Barron & Newburger,
PC, is the Debtor's counsel.



RED APPLE RESOURCES: Allowed to Use Schertz Bank Cash Collateral
----------------------------------------------------------------
Bankruptcy Judge Ronald B. King has entered an interim order
granting Red Apple Resources of South Texas, LLC's first request
for authorization to use Schertz Bank & Trust's cash collateral.
       
The Debtor is terminating operations and is planning to list the
real property and improvements for sale subject to court approval.
The Debtor cannot do so without access to the funds needed to fund
insurance premiums and utilities. The only items necessary to be
listed in a budget are: (i) the projected $1,100 for utilities
service; and (ii) insurance premium payments in the amount of
$1,500 for the period from June 15 through Dec. 15, 2019.

Schertz Bank & Trust Bank has two claims from two loans with
balances which total approximately $1,067,000 as of the Petition
Date pursuant to certain loan documents and instruments executed in
connection with extensions of credit.

Schertz Bank is granted a valid, perfected and enforceable first
priority and senior security interest, in accordance with and based
upon the validity and extent of its pre-petition liens, in and upon
all of the presently existing and hereafter acquired or arising
property of the Debtor and the bankruptcy estate. Schertz Bank
security interest in the Post-Petition Collateral will be subject
to no equal or prior lien recorded lien, whether previously,
contemporaneously or hereafter granted.

The Debtor is also required to: (a) continue to maintain, insure
and otherwise preserve and protect all Prepetition and
Post-Petition Collateral, including payment of utilities; and, (b)
provide all financial and other reports required to be provided to
Schertz Bank & Trust under the Loan Agreements.

            About Red Apple Resources of South Texas

Red Apple Resources of South Texas, Inc., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No.
19-51338) on June 3, 2019.  The petition was signed by James E.
Schrad, president.  At the time of the filing, the Debtor estimated
assets of less than $50,000 and debts of less $500,000.  The Debtor
is represented by Michael J. O'Connor, Esq., at the Law Office of
Michael J. O' Connor.


ROC-IT DRYWALL: U.S. Trustee Objects to Disclosure Statement
------------------------------------------------------------
Daniel M. McDermott, United States Trustee, objects to the
confirmation of the Plan of Reorganization and approval of the
Disclosure Statement of Roc-It Drywall, Inc.

The U.S. Trustee asserts that the Plan does not state if there will
be multiple sales or if the sale will take place by auction.

The U.S. Trustee complains that the Debtor did not request
authority to transfer the truck and the transfer was not approved
by the Court.

The U.S. Trustee objects to this language as it impermissibly
imposes a duty on the U.S. Trustee not designated by the Code.

The U.S. Trustee points out that there is no discussion of what
will take place if the value of the collateral is insufficient to
pay the claim in full.

According to the U.S. Trustee, appointing a Liquidating Agent is
not the best means by which to protect their interests when the
case can be converted to Chapter 7 and a trustee can liquidate the
assets according to bankruptcy rules and procedures.

                 About Roc-It Drywall Inc.

Roc-It Drywall, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 19-43051) on March 4,
2019.  At the time of the filing, the Debtor estimated assets of
less than $500,000 and liabilities of less than $1 million.  The
case is assigned to Judge Phillip J. Shefferly.  David R. Shook,
Attorney at Law, PLLC, is the Debtor's bankruptcy counsel.


RWP HOMES: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------
The Office of the U.S. Trustee on July 23 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of RWP Homes, LLC.

                        About RWP Homes LLC

RWP Homes, LLC classified its business as Single Asset Real Estate
(as defined in 11 U.S.C. Section 101(51B)).

RWP Homes, LLC filed a voluntary petition for relief on June 4,
2019, under Chapter 11 of Title 11, United States Bankruptcy Code
(Bankr. S.D. Tex. Case No. 19-33178). In the petition signed by
Kirk Paschal, president, the Debtor estimated $1 million to $10
million in both assets and liabilities.

The case is assigned to Judge Jeffrey P. Norman.  

Reese W. Baker, Esq. at Baker & Associates LLP, is the Debtor's
counsel.


RYAN HINTON: May Continue Using Cash Collateral Until Dec. 31
-------------------------------------------------------------
The Hon. Jim D. Pappas of the U.S. Bankruptcy Court for the
District of Idaho authorized Ryan Hinton, Inc.'s continued use of
cash collateral through Dec. 31, 2019.

The Secured Parties identified in the Debtor's Motion, will be
granted and will maintain adequate protection liens on all
post-petition cash collateral to the same extent and priority as
existed pre-petition to the extent of cash collateral actually used
by the Debtor.

Pursuant to the stipulation entered into between the Debtor and
D.L. Evans Bank:

      (1) The Debtor may use cash collateral, including receivables
from the transportation of goods/products, equipment, and
commodities, in the amounts and according to the budget;

      (2) The Debtor will pay D.L. Evans in an amount of no less
than $6,000 per month, beginning on Sept. 5, 2019, and payable by
the 5th day of each subsequent month;

      (3) D.L. Evans Adequate Protection Payments will continue
until the Effective Date of a confirmed chapter 11 plan of
reorganization, or until the Debtor's bankruptcy case is dismissed
or converted to another chapter under the Bankruptcy Code;

      (4) D.L. Evans Adequate Protection Payments are to be applied
each month first to the equipment and vehicle loans in an amount
equal to the regular pre-petition monthly loan payments that were
being made and required for each of those loans -- any amount
beyond those payments will be applied to the operating line,
applied first to interest and then to principal; and

      (5) D.L. Evans will endorse any cash collateral checks that
contain its name;

A copy of the Cash Collateral Order is available for free at

                http://bankrupt.com/misc/idb19-40481-60.pdf

                       About Ryan Hinton

Ryan Hinton Inc. -- https://ryanhintoninc.com/ -- is a family-owned
company that offers over-the-road (OTR) trucking services.  Ryan
Hinton sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Idaho Case No. 19-40481) on May 20, 2019.  At the time
of the filing, the Debtor disclosed $4,417,715 in assets and
$5,821,757 in liabilities.  

The case is assigned to Judge Jim D. Pappas.

Angstman Johnson is the Debtor's legal counsel.  Dicks & Workman
Attorneys at Law, APC, is special counsel.


SECURED CAPITAL: Treatment of Unsecureds Changed to Unimpaired
---------------------------------------------------------------
Secured Capital Partners, LLC, and the Official Committee of
Unsecured Creditors filed a first amended Chapter 11 plan to modify
the treatment of general unsecured creditors from impaired to
unimpaired.

Under the First Amended Plan, holders of General Unsecured Claims,
classified in Class 7, will Cash from the Sale Proceeds in an
amount equal to its Pro Rata share of Unsecured Distributable Sale
Proceeds plus simple interest at the rate of _% per annum
(utilizing a 360-
day year) from the Petition Date to the Effective Date, on the
later of (y) the Effective Date, or (z) when such General Unsecured
Claim becomes Allowed.

All Cash necessary for the Reorganized Debtor to (a) make payments,
through the Disbursing Agent, required by this Plan, and (b) for
post-Confirmation operations shall be obtained from (x) existing
Cash held by the Reorganized Debtor on the Effective Date, (y)
proceeds from any Retained Actions, and (z) Sale Proceeds generated
by the Sale Process.

A full-text copy of the First Amended Plan dated July 15, 2019, is
available at https://tinyurl.com/yyurtqw8 from PacerMonitor.com at
no charge.

A redlined version of the First Amended Plan dated July 15, 2019,
is available at https://tinyurl.com/y243kdfx from PacerMonitor.com
at no charge.

Proposed counsel for the Debtor:

     Robbin Itkin, Esq.
     David M. Riley, Esq.
     DLA PIPER LLP (US)
     2000 Avenue of the Stars, Suite 400
     North Tower
     Los Angeles, California 90067-4704
     Tel: (310) 595-3000
     Fax: (310) 595-3300
     Email: Robbin.Itkin@dlapiper.com
            David.Riley@dlapiper.com

        -- and --

     Joshua D. Morse, Esq.
     DLA PIPER LLP (US)
     555 Mission Street, Suite 2400
     San Francisco, California 94105-2933
     Tel: (415) 836-2500
     Fax: (415) 836-2501
     Email: Joshua.Morse@dlapiper.com

Proposed attorneys for the Committee:

     Hamid R. Rafatjoo, Esq.
     Carollynn H.G. Callari, Esq.
     Stephen P. Farkas, Esq.
     RAINES FELDMAN LLP
     1800 Avenue of the Stars, 12th Floor
     Los Angeles, California 90067
     Tel: (310) 440-4100
     Fax: (31) 691-1367
     Email: hrafatjoo@raineslaw.com
            ccallari@raineslaw.com
            sfarkas@raineslaw.com

               About Secured Capital Partners

Secured Capital Partners, LLC, a privately held company in Beverly
Hills, Calif., filed a voluntary Chapter 11 petition (Bankr. C.D.
Cal. Case No. 19-16243) on May 29, 2019. In the petition signed by
Franco Noval, managing member, the Debtor estimated $100,000 to
$500,000 in assets and $50 million to $100 million in liabilities.

The case has been assigned to Judge Barry Russell.  Daniel A. Lev,
Esq., at SulmeyerKupetz, A Professional Corporation, represents the
Debtor as counsel.

The Office of the U.S. Trustee on June 17 appointed five creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 case of Secured Capital Partners LLC.


SILVER CREEK: Seeks Authorization to Use Cash Collateral
--------------------------------------------------------
Silver Creek Services, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Western District of Pennsylvania to use
cash collateral in the ordinary course of its business.

TCJ II, LLC (as assignee of TCJ Business Funding, LLC) is a secured
creditor of the Debtor, which holds a first priority, and properly
perfected, security interest in substantially all of the Debtor's
prepetition assets and a second priority, and properly perfected,
security interest in accounts receivable. As of the Petition Date,
the Debtor was indebted and liable to TCJ in the approximate
principal amount of $2,401,778 pursuant to that various financial
accommodation with TCJ Business Funding, LLC.

The Debtor is offering to provide TCJ with:

      (a) replacement liens in and to all of the Debtor's, as well
as to all property of the estate of the kind securing the
indebtedness owing to TCJ under the Loan Documents, to the same
extent that TCJ had a security interest pre-petition, together with
all proceeds and profits derived securing the indebtedness owing to
TCJ pre-petition, to the same extent that TCJ had a security
interest pre-petition;

      (b) a valid, perfected and enforceable first priority
security interest in and lien on, among other things, all property
of the estate of the kind securing the indebtedness owing to TCJ
under the Loan Documents, together with all proceeds and profits
derived therefrom and a valid, perfected and enforceable security
interest in and lien on all other assets and property of the
Debtor, proceeds, rents, products or profits thereof, which lien
and security interest will at all times be senior to the rights of
the Debtor or any successor trustee in this or any subsequent
proceeding under the Bankruptcy Code;

      (c) an order finding that all of the Debtor's postpetition
obligations to TCJ under the Loan Documents, including any
dimunition in the value of its collateral, will constitute an
administrative expense equivalent in priority to a claim under
section 364(c)(1) of the Bankruptcy Code, with priority over all
other costs and expenses of administration of the kinds specified
in, or ordered pursuant to, sections 503(b) and 507(b) of the
Bankruptcy Code, subject to the statutory fees that may be owing to
the Office of the U.S. Trustee;

      (d) an order authorizing the Debtor's payment to TCJ of
adequate protection payments in the amount of $17,000 per week;

      (e) enhanced budget reporting;

      (f) an order finding that no costs or expenses of
administration will be imposed against TCJ, its claims, or its
collateral pursuant to section 506(c) of the Bankruptcy Code or
otherwise;  

      (g) an order finding that all fees and expenses incurred by
TCJ in connection with the Loan Documents, including TCJ's
attorneys fees and expenses, whether accruing prepetition or
postpetition, will be charged and paid as provided in the Loan
Documents; and

      (h) such further terms and conditions as contained in the
Interim Orer approving the use of Cash Collateral.

In addition, Corporate Billing, LLC is a secured creditor holding a
first priority, and properly perfected, security interest in, among
other things, the accounts receivable of the Debtor. As of the
Petition Date, the Debtor was indebted and liable to Corporate
Billing in the approximate principal amount of $2,814,638 pursuant
to that certain Client Agreement between Silver Creek Services and
Corporate Billing. The Debtor is offering to provide Corporate
Billing with:

      (a) replacement liens in and to all of the Debtor's
prepetition accounts, together with all proceeds and profits
derived securing the indebtedness owing to Corporate Billing
pre-petition, to the same extent that Corporate Billing had a
security interest pre-petition;

      (b) a valid, perfected and enforceable first priority
security interest in and lien on, among other things, all of the
Debtor's postpetition accounts, together with all proceeds and
profits derived therefrom and a valid, perfected and enforceable
security interest in and lien on all other assets and property of
the Debtor, proceeds, rents, products or profits thereof, junior
only to the valid, perfected and enforceable liens of TCJ and
existing lienholders, which lien and security interest will at all
times be senior to the rights of the Debtor or any successor
trustee in this or any subsequent proceeding under the Bankruptcy
Code;

      (c) an order finding that all of the Debtor's postpetition
obligations to Corporate Billing under the Corporate Billing
Agreement will constitute an administrative expense equivalent in
priority to a claim under section 364(c)(1) of the Bankruptcy Code,
with priority over all other costs and expenses of administration
of the kinds specified in, or ordered pursuant to, sections 503(b)
and 507(b) of the Bankruptcy Code;

      (d) an order finding that no costs or expenses of
administration will be imposed against Corporate Billing, its
claims, or its collateral pursuant to section 506(c) of the
Bankruptcy Code or otherwise; and

      (e) an order finding that all fees and expenses incurred by
Corporate Billing in connection with the Corporate Billing
Arrangement, whether accruing prepetition or postpetition, will be
charged and paid as provided in the Corporate Billing Agreement.

A copy of the Cash Collateral Motion is available for free at

            http://bankrupt.com/misc/pawb19-22775-7.pdf

                   About Silver Creek Services

Silver Creek Services Inc. is an oil & gas field services provider,
including fracturing, flowback, and production testing. The Company
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
W.D. Pa. Case No. 19-22775) on July 11, 2019.   The petition was
signed by Michael Didier, chief executive officer.   At the time of
the filing, the Debtor disclosed assets in the amount of $6,385,000
and debts of in the amount of $11,922,381.

Judge Thomas P. Agresti is assigned to the case.

Silver Creek is represented by Robert O. Lampl, Esq., at Robert O
Lampl Law Office.


SOUTH STREET BRENTWOOD: Hires Michael Jay Berger as Counsel
-----------------------------------------------------------
South Street Brentwood, LLC, seeks authority from the U.S.
Bankruptcy Court for the Central District of California to employ
the Law Offices of Michael Jay Berger, as counsel to the Debtor.

South Street Brentwood requires Michael Jay Berger to:

   a. provide all legal services reasonably required to represent
      the Debtor in its Chapter 11 bankruptcy proceeding;

   b. communicate with creditors of the Debtor;

   c. review the Debtor's Chapter 11 bankruptcy petition and all
      supporting schedules;

   d. advise the Debtor of its legal rights and obligations in a
      bankruptcy proceeding;

   e. work to bring the Debtor into full compliance with
      reporting requirements of the Office of the U.S. Trustee;

   f. prepare status reports as required by the Bankruptcy Court;
      and

   g. respond to any motions filed in the Debtor's bankruptcy
      proceeding.

Michael Jay Berger will be paid at these hourly rates:

     Partners                     $595
     Senior Associates            $295 to $495
     Paralegals                   $200

Michael Jay Berger will be paid a retainer in the amount of
$20,000.

Michael Jay Berger will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Michael Jay Berger, partner of the Law Offices of Michael Jay
Berger, 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.

Michael Jay Berger can be reached at:

     Michael Jay Berger, ESq.
     LAW OFFICES OF MICHAEL JAY BERGER
     9454 Wilshire Blvd. 6th Floor
     Beverly Hills, CA 90212-2929
     Tel: (310) 271-6223
     Fax: (310) 271-9805
     E-mail: Michael.berger@bankruptcypower.com

                   About South Street Brentwood

South Street Brentwood LLC owns 1.3 acres of vacant land
neighboring the Brentwood Country Estates, off of Mandeville Canyon
in Los Angeles, California.  Construction of the Property, which is
valued by the Company at $3.2 million, has not yet commenced.

South Street Brentwood, LLC, based in Los Angeles, CA, filed a
Chapter 11 petition (Bankr. C.D. Cal. Case No. 19-17410) on June
25, 2019.  In the petition signed by Samuel Hanson, managing
member, the Debtor disclosed $3,200,000 in assets and $3,777,821 in
liabilities.  The Hon. Neil W. Bason oversees the case.  Michael
Jay Berger, Esq., at the Law Offices of Michael Jay Berger, serves
as bankruptcy counsel.







SOUTHFRESH AQUACULTURE: Taps Janicek Valuation as Appraiser
-----------------------------------------------------------
SouthFresh Aquaculture LLC received approval from the U.S.
Bankruptcy Court for the Northern District of Alabama to hire
Janicek Valuation and Forensic Services, PLLC.

The firm will provide business valuation appraisal services
including a fair market valuation of the Debtor's assets in support
of its plan of reorganization.

Janicek will receive a flat fee of $9,000, with a $4,000 retainer,
for a liquidation valuation and fair market valuation of the Debtor
for plan purposes. For hourly work, the firm will charge $250 per
hour for its managing member John Janicek, and $125 per hour for
staff members.

Mr. Janicek 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.

The firm can be reached through:

     John Janicek
     Janicek Valuation and
     Forensic Services, PLLC
     P.O. Box 2532
     Hendersonville, TN 37077
     Phone: 615-822-8342

                      About SouthFresh Aquaculture

A subsidiary of Alabama Farmers Cooperative, SouthFresh Aquaculture
LLC -- http://www.southfresh.com/-- is a catfish-centered business
committed to sustainable aquaculture practices.  Founded in 1987,
the company's primary business is domestic catfish processing.  It
processes millions of pounds of catfish per year for food service
and retail industries.  

SouthFresh Aquaculture sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ala. Case No. 19-70152) on Jan. 28,
2019.  At the time of the filing, the Debtor estimated assets of
between $10 million and $50 million and liabilities of between $10
million and $50 million.  The case is assigned to Judge Jennifer H.
Henderson.  The Debtor tapped Maynard, Cooper & Gale, P.C. as its
legal counsel.


SPORTCO HOLDINGS: Committee Hires Lowenstein Sandler as Counsel
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of Sportco Holdings,
Inc., and its debtor-affiliates, seeks authorization from the U.S.
Bankruptcy Court for the District of Delaware to retain Lowenstein
Sandler LLP, as counsel to the Committee.

The Committee requires Lowenstein Sandler to:

   (a) advise the Committee with respect to its rights, duties,
       and powers in the Chapter 11 Case;

   (b) assist and advise the Committee in its consultations with
       the Debtors relative to the administration of the Chapter
       11 Case;

   (c) assist the Committee in analyzing the claims of the
       Debtor's creditors and the Debtors' capital structure and
       in negotiating with holders of claims and equity
       interests;

   (d) assist the Committee in its investigation of the acts,
       conduct, assets, liabilities, and financial condition of
       the Debtors and of the operation of the Debtors' business;

   (e) assist the Committee in analyzing (i) the Debtors' pre-
       petition financing, (ii) proposed use of cash collateral,
       and (iii) the Debtors' proposed debtor-in-possession
       financing ("DIP Financing"), the terms and conditions of
       the proposed DIP Financing and the adequacy of the
       proposed DIP Financing budget;

   (f) assist the Committee in its investigation of the liens and
       claims of the holders of the Debtor's prepetition debt
       and the prosecution of any claims or causes of action
       revealed by such investigation;

   (g) assist the Committee in its analysis of, and negotiations
       with, the Debtors or any third party concerning matters
       related to, among other things, the assumption or
       rejection of certain leases of nonresidential real
       property and executory contracts, asset dispositions, sale
       of assets, financing of other transactions and the terms
       of one or more plans of reorganization for the Debtor and
       accompanying disclosure statements and related plan
       documents;

   (h) assist and advise the Committee as to its communications
       to unsecured creditors regarding significant matters in
       the Chapter 11 Case;

   (i) represent the Committee at hearings and other proceedings;

   (j) review and analyze applications, orders, statements of
       operations, and schedules filed with the Court and advise
       the Committee as to their propriety;

   (k) assist the Committee in preparing pleadings and
       applications as may be necessary in furtherance of the
       Committee's interests and objectives, including the
       preparation of retention papers and fee applications for
       the Committee's professionals;

   (l) prepare, on behalf of the Committee, any pleadings,
       including without limitation, motions, memoranda,
       complaints, adversary complaints, objections, or comments
       in connection with any of the foregoing; and

   (m) perform such other legal services as may be required or
       are otherwise deemed to be in the interests of the
       Committee in accordance with the Committee's powers and
       duties as set forth in the Bankruptcy Code, Bankruptcy
       Rules, or other applicable law.

Lowenstein Sandler will be paid at these hourly rates:

     Partners                        $600 to $1,350
     Senior Counsel/Counsel          $470 to $790
     Associates                      $370 to $640
     Paralegals                      $200 to $350

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

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

   Question:  Did you agree to any variations from, or
              alternatives to, your standard or customary billing
              arrangements for this engagement?

   Response:  No.

   Question:  Do any of the professionals included in this
              engagement vary their rate based on the geographic
              location of the bankruptcy case?

   Response:  No.

   Question:  If you represented the client in the 12 months
              prepetition, disclose your billing rates and
              material financial terms for the prepetition
              engagement, including any adjustments during the 12
              months prepetition. If your billing rates and
              material financial terms have changed postpetition,
              explain the difference and the reasons for the
              difference.

   Response:  Not applicable.

   Question:  Has your client approved your prospective budget
              and staffing plan, and, if so for what budget
              period?

   Response:  The Committee has reviewed Lowenstein Sandler's
              proposed hourly billing rates, budget and staffing
              plan. In accordance with the U.S. Trustee
              Guidelines, the budget may be amended as necessary
              to reflect changed or unanticipated developments in
              these Chapter 11 Cases.

Jeffrey Cohen, partner of Lowenstein Sandler 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 (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.

Lowenstein Sandler can be reached at:

     Jeffrey Cohen
     LOWENSTEIN SANDLER LLP
     One Lowenstein Drive
     Roseland, New Jersey 07068
     Tel: (973) 597-2500
     Fax: (973) 597-2400

                     About Sportco Holdings

United Sporting Companies, Inc., was founded in 1933 under the name
Ellett Brothers, Inc. before merging with Jerry's Sports, Inc. in
2009 and formally changing its name to United Sporting Companies,
Inc. on July 16, 2010. Headquartered in Chapin, S.C., the companies
are marketers and distributors of a broad line of products and
accessories for hunting and shooting sports, marine, camping,
archery, and other outdoor activities.

The companies' product line of over 55,000 SKUs includes firearms,
reloading, marine electronics, trolling motors, optics, cutlery,
archery equipment, ammunition, leather goods, camping equipment,
sportsman gifts, and a variety of other outdoor sporting goods
products. The companies carry the major brands in the outdoor
sports industry, including Remington, Ruger, Browning, Winchester,
Smith & Wesson, Glock, Bushnell, Sig Sauer, Springfield Armory,
Hornaday, Henry, Magpul, Armscor, MotorGuide, Minn Kota, Lowrance,
Federal, CCI, Taurus, and Leupold.  The companies employ 321
people.  SportCo, a Delaware corporation, is a holding company with
no business operations.

SportCo Holdings, Inc. and its affiliates, including United
Sporting Companies, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11299) on  June
10, 2019.  At the time of the filing, SportCo had estimated assets
of less than $50,000 and liabilities of between $100 million and
$500 million.  The cases are assigned to Judge Laurie Selber
Silverstein.

The Debtors tapped McDermott Will & Emery LLP as their bankruptcy
counsel; Polsinelli PC as local Delaware counsel; Winter Harbor LLC
as restructuring advisor; and BMC Group, Inc. as notice and claims
agent.

Andrew Vara, acting U.S. trustee for Region 3, on June 17, 2019,
appointed seven creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case.  The Committee retained
Lowenstein Sandler LLP, as counsel, and Morris James LLP, as
co-counsel.


SPORTCO HOLDINGS: Committee Hires Morris James as Co-Counsel
------------------------------------------------------------
The Official Committee of Unsecured Creditors of Sportco Holdings,
Inc., and its debtor-affiliates seeks authorization from the U.S.
Bankruptcy Court for the District of Delaware to retain Morris
James LLP, as co-counsel to the Committee.

The Committee requires Morris James to:

   a. provide legal advice and assistance to the Committee in its
      consultations with the Debtors relative to the Debtors'
      administration of its reorganization;

   b. review and analyze all applications, motions, orders,
      statements of operations and schedules filed with the Court
      by the Debtors or third parties, advising the Committee as
      to their propriety, and, after consultation with the
      Committee, taking appropriate action;

   c. prepare necessary applications, motions, answers, orders,
      reports and other legal papers on behalf of the Committee;

   d. represent the Committee at hearings held before the Court
      and communicating with the Committee regarding the issues
      raised, as well as the decisions of the Court; and

   e. perform all other services assigned by the Committee, in
      consultation with Lowenstein Sander, to Morris James as co-
      counsel to the Committee, and to the extent Morris James
      determines that such services fall outside of the scope of
      services historically or generally performed by the firm as
      co-counsel in a bankruptcy proceeding, Morris James will
      file a supplemental declaration pursuant to Bankruptcy Rule
      2014 and give parties in interest an opportunity to object.

Morris James will be paid at these hourly rates:

     Eric J. Monzo, Partner               $525
     Brya M. Keilson, Senior Counsel      $425
     Jamie L. Dawson, Paralegal           $235

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

Eric J. Monzo, a partner at Morris James 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 (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.

Morris James can be reached at:

       MORRIS JAMES LLP
       500 Delaware Avenue, Suite 1500
       Wilmington, DE 19801-1494
       Tel: (302) 888-6800
       E-mail: jwaxman@morrisjames.com

                     About Sportco Holdings

United Sporting Companies, Inc., was founded in 1933 under the name
Ellett Brothers, Inc. before merging with Jerry's Sports, Inc. in
2009 and formally changing its name to United Sporting Companies,
Inc. on July 16, 2010. Headquartered in Chapin, S.C., the companies
are marketers and distributors of a broad line of products and
accessories for hunting and shooting sports, marine, camping,
archery, and other outdoor activities.

The companies' product line of over 55,000 SKUs includes firearms,
reloading, marine electronics, trolling motors, optics, cutlery,
archery equipment, ammunition, leather goods, camping equipment,
sportsman gifts, and a variety of other outdoor sporting goods
products. The companies carry the major brands in the outdoor
sports industry, including Remington, Ruger, Browning, Winchester,
Smith & Wesson, Glock, Bushnell, Sig Sauer, Springfield Armory,
Hornaday, Henry, Magpul, Armscor, MotorGuide, Minn Kota, Lowrance,
Federal, CCI, Taurus, and Leupold.  The companies employ 321
people.  SportCo, a Delaware corporation, is a holding company with
no business operations.

SportCo Holdings, Inc. and its affiliates, including United
Sporting Companies, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11299) on  June
10, 2019.  At the time of the filing, SportCo had estimated assets
of less than $50,000 and liabilities of between $100 million and
$500 million.  The cases are assigned to Judge Laurie Selber
Silverstein.

The Debtors tapped McDermott Will & Emery LLP as their bankruptcy
counsel; Polsinelli PC as local Delaware counsel; Winter Harbor LLC
as restructuring advisor; and BMC Group, Inc. as notice and claims
agent.

Andrew Vara, acting U.S. trustee for Region 3, on June 17, 2019,
appointed seven creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case.  The Committee retained
Lowenstein Sandler LLP, as counsel, and Morris James LLP, as
co-counsel.


SPORTCO HOLDINGS: Gets Approval to Hire Winter Harbor, Appoint CRO
------------------------------------------------------------------
SportCo Holdings, Inc., received approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Winter Harbor, LLC and
appoint the firm's managing member Dalton Edgecomb as chief
restructuring officer.

Mr. Edgecomb and his firm will provide these services in connection
with the Chapter 11 cases filed by the company and its affiliates:

     (a) help the Debtors develop strategic options, including
refinancing and other potential restructuring scenarios;

     (b) assist the Debtors in the formulation and negotiation of
their plan of reorganization;

     (c) help the Debtors prepare information required by the
bankruptcy court and bankruptcy proceedings;  

     (d) review analyses or valuation material to determine the
Debtors' enterprise value;

     (e) review marketing documents in connection with any sale of
the Debtors' assets;

     (f) review all incoming offers to purchase the capital stock
or assets of Debtors and assess the commercial reasonableness of
each offer; and

     (g) assist in the consummation of any asset sale.

The firm's hourly rates are:

     Founder                    $495 - $695
     Managing Director          $410 - $510
     Director                   $325 - $395
     Manager                    $250 - $325
     Associate                  $200 - $250
     Clerical/Administrative     $75 - $125

Winter Harbor received a $50,000 retainer.  As of the Petition
date, the balance of the retainer was $42,859.53.

Mr. Edgecomb disclosed in court filings that his firm neither hold
nor represent any interest materially adverse to the interests of
the Debtors, creditors and equity security holders.

Winter Harbor can be reached through:

     Dalton T. Edgecomb
     Winter Harbor, LLC
     265 Franklin Street, 10th Floor
     Boston, MA 02110
     Phone: (617) 275-5411
     Email: info@winterharborco.com

                    About SportCo Holdings

SportCo Holdings, Inc. and its affiliates, including United
Sporting Companies, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11299) on June 10,
2019.  

United Sporting Companies, Inc. was founded in 1933 under the name
Ellett Brothers, Inc. before merging with Jerry's Sports, Inc. in
2009 and formally changing its name to United Sporting Companies,
Inc. on July 16, 2010.  Headquartered in Chapin, S.C., the
companies are marketers and distributors of a broad line of
products and accessories for hunting and shooting sports, marine,
camping, archery, and other outdoor activities.  

The companies' product line of over 55,000 SKUs includes firearms,
reloading, marine electronics, trolling motors, optics, cutlery,
archery equipment, ammunition, leather goods, camping equipment,
sportsman gifts, and a variety of other outdoor sporting goods
products.   The companies carry the major brands in the outdoor
sports industry, including Remington, Ruger, Browning, Winchester,
Smith & Wesson, Glock, Bushnell, Sig Sauer, Springfield Armory,
Hornaday, Henry, Magpul, Armscor, MotorGuide, Minn Kota, Lowrance,
Federal, CCI, Taurus, and Leupold.  The companies employ 321
people.  SportCo, a Delaware corporation, is a holding company with
no business operations.

At the time of the filing, SportCo had estimated assets of less
than $50,000 and liabilities of between $100 million and $500
million.  

The cases have been assigned to Judge Laurie Selber Silverstein.  

The companies tapped McDermott Will & Emery LLP as their bankruptcy
counsel; Polsinelli PC as local Delaware counsel; Winter Harbor LLC
as restructuring advisor; and BMC Group, Inc. as notice and claims
agent.


SPORTCO HOLDINGS: Taps McDermott Will as Legal Counsel
------------------------------------------------------
SportCo Holdings, Inc. received approval from the U.S. Bankruptcy
Court for the District of Delaware to hire McDermott Will &
Emery LLP as its legal counsel.

The firm will provide services in connection with the Chapter 11
cases filed by the company and its affiliates, which include legal
advice regarding their powers and duties under the Bankruptcy Code;
negotiations with creditors; assistance in connection with any
potential sale of assets; and the preparation of a bankruptcy plan.


The firm's current hourly rates are:

     Partners            $835 - $1,650
     Associates          $520 - $890
     Paraprofessionals   $115 - $595

McDermott received from the Debtors an advance payment of $250,000
as retainer.

Timothy Walsh, Esq., a partner at McDermott, 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.
Walsh disclosed that the firm and the Debtors have agreed to a 5
percent discount to be applied to fees but not expenses due under
each invoice.

Mr. Walsh also disclosed that no professional at McDermott has
varied his rate based on the geographic location of the Debtors'
bankruptcy cases, and that prior to Jan. 1, the firm's hourly rates
for services rendered ranged from $730 to $1,365 for partners, $440
to $820 for associates, and $110 to $560 for paraprofessionals.

The Debtors, together with McDermott and its co-counsel Polsinelli
PC, have developed a budget and staffing plan to comply with the
U.S. trustee's requests for additional disclosures, according to
the attorney.   

McDermott can be reached through:

     Timothy W. Walsh, Esq.
     Darren Azman, Esq.
     Riley T. Orloff, Esq.
     McDermott Will & Emery LLP
     340 Madison Avenue
     New York, NY 10173-1922
     Tel: (212) 547-5400
     Fax: (212) 547-5444
     Email: twwalsh@mwe.com
            dazman@mwe.com
            rorloff@mwe.com

                    About SportCo Holdings Inc.

SportCo Holdings, Inc. and its affiliates, including United
Sporting Companies, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11299) on June 10,
2019.  

United Sporting Companies, Inc. was founded in 1933 under the name
Ellett Brothers, Inc. before merging with Jerry's Sports, Inc. in
2009 and formally changing its name to United Sporting Companies,
Inc. on July 16, 2010.  Headquartered in Chapin, S.C., the
companies are marketers and distributors of a broad line of
products and accessories for hunting and shooting sports, marine,
camping, archery, and other outdoor activities.  

The companies' product line of over 55,000 SKUs includes firearms,
reloading, marine electronics, trolling motors, optics, cutlery,
archery equipment, ammunition, leather goods, camping equipment,
sportsman gifts, and a variety of other outdoor sporting goods
products.   The companies carry the major brands in the outdoor
sports industry, including Remington, Ruger, Browning, Winchester,
Smith & Wesson, Glock, Bushnell, Sig Sauer, Springfield Armory,
Hornaday, Henry, Magpul, Armscor, MotorGuide, Minn Kota, Lowrance,
Federal, CCI, Taurus, and Leupold.  The companies employ 321
people.  SportCo, a Delaware corporation, is a holding company with
no business operations.

At the time of the filing, SportCo had estimated assets of less
than $50,000 and liabilities of between $100 million and $500
million.  

The cases have been assigned to Judge Laurie Selber Silverstein.  

The companies tapped McDermott Will & Emery LLP as their bankruptcy
counsel; Polsinelli PC as local Delaware counsel; Winter Harbor LLC
as restructuring advisor; and BMC Group, Inc. as notice and claims
agent.


SPORTCO HOLDINGS: Taps Polsinelli as Co-Counsel
-----------------------------------------------
SportCo Holdings, Inc. received approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Polsinelli PC.

Polsinelli will serve as co-counsel with McDermott Will & Emery
LLP, the other firm tapped by the company and its affiliates to
represent them in their Chapter 11 cases.

The rates charged by Polsinelli range from $365 to $940 per hour
for shareholders, from $275 to $690 per hour for non-shareholder
attorneys including associates and counsel, and from $145 to $345
per hour for paraprofessionals.  

The firm received from the Debtors an initial retainer in the
amount of $50,000.

Christopher Ward, Esq., a shareholder of Polsinelli, 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.
Ward disclosed that his firm has not agreed to a variation of its
standard or customary billing arrangements for its employment with
the Debtors, and that no professional at the firm has varied his
rate based on the geographic location of the Debtors' bankruptcy
cases.

Mr. Ward also disclosed that Polsinelli only represented the
Debtors prior to the petition date for a limited period in
preparation for their bankruptcy filing, adding that the billing
rates and material financial terms did not change.  

The Debtors, together with Polsinelli and McDermott, have developed
a budget and staffing plan to comply with the U.S. trustee's
requests for additional disclosures, according to the attorney.   
   
Polsinelli can be reached through:

     Christopher A. Ward, Esq.
     Brenna A. Dolphin, Esq.
     Polsinelli PC
     222 Delaware Avenue, Suite 1101
     Wilmington, DE 19801
     Telephone: (302) 252-0920
     Facsimile: (302) 252-0921
     Email: cward@polsinelli.com
            bdolphin@polsinelli.com

                     About SportCo Holdings

SportCo Holdings, Inc. and its affiliates, including United
Sporting Companies, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11299) on June 10,
2019.  

United Sporting Companies, Inc. was founded in 1933 under the name
Ellett Brothers, Inc. before merging with Jerry's Sports, Inc. in
2009 and formally changing its name to United Sporting Companies,
Inc. on July 16, 2010.  Headquartered in Chapin, S.C., the
companies are marketers and distributors of a broad line of
products and accessories for hunting and shooting sports, marine,
camping, archery, and other outdoor activities.  

The companies' product line of over 55,000 SKUs includes firearms,
reloading, marine electronics, trolling motors, optics, cutlery,
archery equipment, ammunition, leather goods, camping equipment,
sportsman gifts, and a variety of other outdoor sporting goods
products.   The companies carry the major brands in the outdoor
sports industry, including Remington, Ruger, Browning, Winchester,
Smith & Wesson, Glock, Bushnell, Sig Sauer, Springfield Armory,
Hornaday, Henry, Magpul, Armscor, MotorGuide, Minn Kota, Lowrance,
Federal, CCI, Taurus, and Leupold.  The companies employ 321
people.  SportCo, a Delaware corporation, is a holding company with
no business operations.

At the time of the filing, SportCo had estimated assets of less
than $50,000 and liabilities of between $100 million and $500
million.  

The cases have been assigned to Judge Laurie Selber Silverstein.  

The companies tapped McDermott Will & Emery LLP as their bankruptcy
counsel; Polsinelli PC as local Delaware counsel; Winter Harbor LLC
as restructuring advisor; and BMC Group, Inc. as notice and claims
agent.


SUPERIOR ENERGY: Moody's Cuts CFR to B2 & Alters Outlook to Neg.
----------------------------------------------------------------
Moody's Investors Service downgraded SESI, L.L.C.'s Corporate
Family Rating to B2 from B1, Probability of Default Rating to B2-PD
from B1-PD, and senior unsecured notes to B3 from B2. The SGL-2
Speculative Grade Liquidity rating was affirmed. The rating outlook
was changed to negative from stable.

"The downgrade reflects SESI's weak cash flow generation prospects
in a challenged oilfield services industry landscape and increased
refinancing risk," said Sajjad Alam, Moody's Senior Analyst.
"Pricing conditions in US OFS markets deteriorated during the first
half of 2019, and service companies like SESI will continue to
struggle amid volatile commodity prices, declining E&P capital
spending, and more difficult capital market access."

Issuer: SESI, L.L.C.

Downgraded:

Corporate Family Rating, Downgraded to B2 from B1

Probability of Default Rating, Downgraded to B2-PD from B1-PD

Senior Unsecured Notes, Downgraded to B3 (LGD4) from B2 (LGD4)

Affirmed:

Speculative Grade Liquidity Rating, Affirmed SGL-2

Outlook Actions:

Outlook, Changed to Negative from Stable

RATINGS RATIONALE

Superior Energy's B2 CFR reflects its rising financial leverage
with approximately $1.47 billion of total debt (including Moody's
adjustments), elevated refinancing risk involving a $800 million
note maturity in December 2021, weak cash flow generation prospects
into 2020, and poor visibility around upstream capital spending in
North American markets. While the company's exposure to
international and offshore OFS markets provide a degree of
diversification and stability, US market conditions have
deteriorated during the first half of 2019 and will require higher
oil and natural gas prices to improve profitability for the company
and its OFS peers. The company's debt and equity prices have
declined sharply in recent months, that will constrain access to
capital markets raising the refinancing risk for its 2021 notes. To
stabilize its credit profile, the company will need to reduce
leverage, strengthen liquidity and address its large debt maturity.
SESI is trying to build a significant cash balance ahead of its
2021 maturity to be in a position to reduce debt and improve its
refinancing prospects.

SESI's $1.3 billion senior unsecured notes are rated B3, one notch
below the B2 Corporate Family Rating given their subordinated claim
to the company's assets behind the senior secured ABL facility,
according to Moody's Loss-Given-Default methodology.

The SGL-2 rating reflects SESI's good liquidity. The company raised
$74 million in the second quarter by divesting its land drilling
rig business and has reduced its 2019 capex guidance to $160
million to boost its cash position. Moody's expects SESI to
generate a modest amount of free cash flow through mid-2020 and
build more cash ahead of its December 2021 note maturity. The
company had $234 million of unrestricted cash and cash equivalents
and an undrawn ABL revolving credit facility with roughly $160
million of availability as of June 30, 2019, after accounting for
outstanding letters of credit. The ABL borrowing base is based on
changes in the book value of accounts receivable, inventory, and
premium drill pipes. The ABL facility matures in October 2022 and
Moody's don't anticipate that SESI will face any covenant
restrictions in accessing the facility through 2020. SESI has
historically not used its revolver, and Moody's don't anticipate
any drawings into 2020 absent a sharp collapse in oilfield
activity.

The negative outlook reflects SESI"s declining earnings and
elevated refinancing risk. The outlook could be revised to stable
if the 2021 notes were successfully refinanced. A downgrade could
occur if EBITDA/Interest falls below 2.5x, Debt/EBITDA rises above
5.5x, or overall liquidity position become weak. An upgrade would
be considered if the company can meaningfully reduce debt and
sustain the EBITDA/Interest ratio above 4x or Debt/EBITDA below
3.5x in an improving market environment.

SESI, L.L.C. is a wholly-owned subsidiary of Superior Energy
Services, Inc., which is a publicly-traded diversified oilfield
services company headquartered in Houston, Texas.


TAMARACK AEROSPACE: Taps Stephen Thomas as Special Counsel
----------------------------------------------------------
Tamarack Aerospace Group Inc. seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Washington to hire
Stephen Thomas, Esq., as its special counsel.

Mr. Thomas, an attorney employed with Hawley, Troxell, Ennis &
Hawley, will provide legal services in connection with the claims
filed against the Debtor arising from a 2018 aircraft accident.

The legal fees and expenses of the attorney will be paid under the
terms and conditions of the insurance policy issued to the Debtor
by Starr Indemnity.

Mr. Thomas neither holds nor represents any interest adverse to the
Debtor's bankruptcy estate, according to court filings.

Mr. Thomas maintains an office at:

     Stephen R. Thomas, Esq.
     Hawley, Troxell, Ennis & Hawley
     877 W. Main Street, 10th Floor
     Boise, ID 83702
     Phone: (208) 388-4068

                 About Tamarack Aerospace Group

Tamarack Aerospace Group, Inc. -- https://tamarackaero.com/ -- is
an aerospace engineering and aircraft modification company in
Sandpoint, Idaho.  It designs and develops innovative technology
for business, commercial, and military aircraft, specializing in
its revolutionary Active Winglets.

Tamarack Aerospace Group sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Wash. Case No. 19-01492) on June 1,
2019.  At the time of the filing, the Debtor estimated assets of
between $10 million and $50 million and liabilities of the same
range.  The case is assigned to Judge Frederick P. Corbit.  The
Debtor is represented by John D. Munding, Esq., at Munding, P.S.


TATE'S AUTO: Ch. 11 Trustee Hires Allen Barnes as Counsel
---------------------------------------------------------
Bryan Perkinson, the Chapter 11 Trustee of Tate's Auto Center of
Gallup, Inc., and its debtor-affiliates, seeks authority from the
U.S. Bankruptcy Court for the District of Arizona to employ Allen
Barnes & Jones, PLC, as counsel to the Trustee.

The Trustee requires Allen Barnes to:

   a) provide the Trustee with legal advice regarding his powers
      and duties as Trustee;

   b) represent the Trustee in connection with negotiations
      involving secured and unsecured creditors and the Debtors;

   c) prepare applications, motions, answers, orders, reports or
      other legal documents necessary to properly administer the
      Case; and

   d) perform all legal services that the Trustee may require in
      order to locate and obtain assets on behalf of the estates'
      creditors.

Allen Barnes will be paid at these hourly rates:

     Michael A. Jones, Member              $385
     Philip J. Giles, Member               $325
     Cody D. Vandewerker, Associate        $295
     David B. Nelson, Associate            $255
     Paralegals and Law Clerks          $115 to 195

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

Michael A. Jones, a partner at Allen Barnes & Jones, 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.

Allen Barnes can be reached at:

     Michael A. Jones, Esq.
     ALLEN BARNES & JONES, PLC
     1850 N. Central Ave., Suite 1150
     Phoenix, AZ 85004
     Tel: (602) 256-6000
     Fax: (602) 252-4712
     E-mail: mjones@allenbarneslaw.com

              About Tate's Auto Center of Gallup

Founded in 1977, Tate's Auto Group -- https://www.shoptates.com/ --
is a new and used car dealer with dealership locations in Show Low,
Holbrook, Winslow, AZ, and now Gallup, NM.

Tate's Automotive, Inc. and four of its affiliates have filed
voluntary petitions seeking relief under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 19-02523) on March 8,
2019.  The petitions were signed by Richard K. Berry,
secretary/treasurer.  The Debtors' cases are being jointly
administered pursuant to the Court's Order dated March 14, 2019
Anthony W. Austin, Esq. at Fennemore Craig, P.C., serves as
Debtors' lead counsel and Bryan A. Albue, Esq. at Sherman & Howard
L.L.C. as its co-counsel.

The affiliates that have filed voluntary petitions are:

     Debtor                                     Case No.
     ------                                     --------
     Tate's Automotive, Inc.                    19-02523
     Tate's Auto Center of Gallup, Inc.         19-02493
     Tate's Auto Center of Winslow, Inc.        19-02524
     Tate Ford-Lincoln-Mercury, Inc.            19-02527

At the time of filing, Tate's Automotive's estimated under $50
million in assets and liabilities; and Tate's Auto Center of
Gallup's estimated under $10 million in assets and liabilities.

A Chapter 11 trustee was appointed in the case.  Bryan Perkinson,
the Chapter 11 Trustee, retained Allen Barnes & Jones, PLC, as
counsel, and Sonoran Capital Advisors, as financial advisor.


TATE'S AUTO: Trustee Hires Sonoran Capital as Financial Advisor
---------------------------------------------------------------
Bryan Perkinson, the Chapter 11 Trustee of Tate's Auto Center of
Gallup, Inc., and its debtor-affiliates, seeks authority from the
U.S. Bankruptcy Court for the District of Arizona to employ Sonoran
Capital Advisors, as financial advisor to the Trustee.

The Trustee requires Sonoran Capital to:

   a. familiarize with the business, operations, properties,
      financial condition, secured and unsecured debt, and
      prospects of the Debtors;

   b. review and analyze the Debtors' business plans and
      financial projection, including, but not limited to,
      testing assumptions and comparing those assumptions to the
      Debtors' historical and general industry trends;

   c. assist in the determination of a range of values for the
      Debtors on a going-concern basis;

   d. provide financial advice and assistance to the Trustee in
      developing and seeking approval of a restructuring or
      liquidating plan under Chapter 11 or analyzing any other
      Plan submitted by another party;

   e. provide financial advice and assistance to the Trustee in
      any transaction constituting a sale;

   f. advise and assist the Trustee in evaluating potential
      financings by the Debtors in connection with a Plan; and

   g. provide testimony, as necessary, with respect to matters
      which the Firm have been engaged to advise the Trustee on,
      in any proceeding before the Bankruptcy Court.

Sonoran Capital will be paid at these hourly rates:

         Managing Directors          $425
         Senior Advisors             $350
         Senior Associate            $295
         Associate                   $225

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

Bryan Perkinson, managing director of Sonoran Capital Advisors,
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.

Sonoran Capital can be reached at:

     Bryan Perkinson
     SONORAN CAPITAL ADVISORS
     1733 N Greenfield Rd. Suite 101
     Mesa, AZ 85205
     Tel: (480) 825-6650

              About Tate's Auto Center of Gallup

Founded in 1977, Tate's Auto Group -- https://www.shoptates.com/ --
is a new and used car dealer with dealership locations in Show Low,
Holbrook, Winslow, AZ, and now Gallup, NM.

Tate's Automotive, Inc. and four of its affiliates have filed
voluntary petitions seeking relief under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 19-02523) on March 8,
2019.  The petitions were signed by Richard K. Berry,
secretary/treasurer.  The Debtors' cases are being jointly
administered pursuant to the Court's Order dated March 14, 2019
Anthony W. Austin, Esq. at Fennemore Craig, P.C., serves as
Debtors' lead counsel and Bryan A. Albue, Esq. at Sherman & Howard
L.L.C. as its co-counsel.

The affiliates that have filed voluntary petitions are:

     Debtor                                     Case No.
     ------                                     --------
     Tate's Automotive, Inc.                    19-02523
     Tate's Auto Center of Gallup, Inc.         19-02493
     Tate's Auto Center of Winslow, Inc.        19-02524
     Tate Ford-Lincoln-Mercury, Inc.            19-02527

At the time of filing, Tate's Automotive's estimated under $50
million in assets and liabilities; and Tate's Auto Center of
Gallup's estimated under $10 million in assets and liabilities.

A Chapter 11 trustee was appointed in the case.  Bryan Perkinson,
the Chapter 11 Trustee, retained Allen Barnes & Jones, PLC, as
counsel, and Sonoran Capital Advisors, as financial advisor.


TEVOORTWIS DAIRY: Seeks to Hire Lambert Leser as Legal Counsel
--------------------------------------------------------------
TeVoortwis Dairy LLC seeks authority from the United States
Bankruptcy Court for the Eastern District of Michigan to hire
Lambert Leser as its legal counsel.

The firm will provide these services in connection with the
Debtor's Chapter 11 case:  

     a. present applications and proposed orders to be submitted to
the bankruptcy court;

     b. identify and prosecute claims and causes of action
assertable by the Debtor on behalf of the estate;

     c. prepare documents in connection with the reorganization of
the estate and sale of assets;

     d. assist the Debtor in performing its other official
functions;

     e. assist in obtaining credit, negotiation of sale of assets,
arranging adequate protection, and negotiating a plan of
reorganization; and

     f. conduct a review and investigation of records and research
of law on various issues.

Lambert Leser will be paid based upon its normal and usual hourly
billing rates.  The firm will receive a retainer in the amount of
$12,500 and reimbursement for work-related expenses incurred.

Keith Schofner, Esq., a member of Lambert Leser, 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 Debtor and its estate.

Lambert Leser can be reached at:

     Keith A. Schofner, Esq.
     Lambert Leser
     755 W. Big Beaver, Suite 410
     Troy, MI 48084
     Tel: (248) 251-1001
     Email: kschofner@lambertleser.com

                     About TeVoortwis Dairy

TeVoortwis Dairy, LLC is a privately held company in Bad Axe,
Mich., that operates in the dairy farming industry.

TeVoortwis Dairy sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 19-21104) on May 24,
2019.  At the time of the filing, the Debtor disclosed assets of
between $10 million and $50 million and liabilities of the same
range.  The case has been assigned to Judge Daniel S. Opperman.
Keith A. Schofner, Esq., at Lambert Leser, is the Debtor's
bankruptcy counsel.


TIMBERLAND BUILDERS: Taps Anderson Hager as Accountant
------------------------------------------------------
Timberland Builders WI LLC received approval from the U.S.
Bankruptcy Court for the Western District of Wisconsin to hire
Anderson, Hager & Moe, S.C., as its accountant.

The services to be provided by the firm include accounting advice,
tax preparation and the preparation of various reports necessary
in a Chapter 11 proceeding.

Erin Walter and Mark Beckman, the firm's accountants who will be
providing the services, will charge $95 per hour and $200 per hour,
respectively.

Anderson does not represent any interest adverse to the Debtor and
its bankruptcy estate, according to court filings.

The firm can be reached through:

     Erin Walter
     Anderson, Hager & Moe, S.C.
     10425 State Highway 27 South
     Hayward, WI 54843
     Phone: 715-634-2653
     Fax: 715-634-2456
     Email: ehochstetler@ahmcpa.com

                   About Timberland Builders WI

Timberland Builders WI, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Wisc. Case No. 19-11671) on May
17, 2019.  At the time of the filing, the Debtor estimated assets
of less than $50,000 and liabilities of less than $500,000.
Nicolet Law Office, S.C., is the Debtor's counsel.


TIME DEFINITE: Seeks to Hire Buddy D. Ford as Legal Counsel
-----------------------------------------------------------
Time Definite Leasing LLC, an affiliate of Time Definite Services
Inc., seeks authority from the U.S. Bankruptcy Court for the Middle
District of Florida to hire Buddy D. Ford, P.A. as its legal
counsel.

The firm will provide these services in connection with the
Debtor's Chapter 11 case:   

     a. advise the Debtor of its powers and duties in the continued
operation of its business and management of its property;

     b. prepare and file schedules of assets and liabilities,
statement of affairs, and other documents required by the court;

     c. represent the Debtor at the Section 341 creditors'
meeting;

     d. advise the Debtor of its responsibilities in complying with
the U.S. trustee's guidelines and reporting requirements and with
the rules of the court; and

     e. represent the Debtor in negotiation with its creditors in
the preparation of a Chapter 11 plan.

The firm's standard hourly rates are:

     Buddy Ford, Esq.                $425
     Senior Associate Attorneys      $375
     Junior Associate Attorneys      $300
     Paralegals                      $150
     Junior Paralegals               $100

Buddy Ford, Esq., disclosed in court filings that his firm does not
represent any interest adverse to Debtor and its bankruptcy
estate.

The firm can be reached through:

         Buddy D. Ford, Esq.
         Buddy D. Ford, P.A.
         9301 West Hillsborough Avenue
         Tampa, FL 33615-3008
         Tel: 813-877-4669
         Fax: 813-877-5543
         Email: Buddy@TampaEsq.com
         Email: All@tampaesq.com

                   About Time Definite Services Inc.

Time Definite Services, Inc. is a provider of refrigerated trucking
and individualized logistics.  Its affiliate Time Definite Leasing
LLC provides truck renting and leasing services.

Time Definite Services and Time Definite Leasing filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. M.D. Fla. Lead Case No. 19-06564) on July 12, 2019. In the
petition signed by Michael Suarez, president, Time Definite
Services estimated $21,898,781 in assets and $22,555,177 in
liabilities.

Buddy D. Ford, P.A. is the Debtors' counsel.


TOWER PARK: Seeks Court Approval to Hire Bankruptcy Attorney
------------------------------------------------------------
Tower Park Properties, LLC seeks authority from the U.S. Bankruptcy
Court for the Central District of California to hire an attorney in
connection with its Chapter 11 case.

In an application filed in court, the Debtor proposes to employ
Eric Bensamochan, Esq., an attorney based in Agoura Hills, Calif.,
to:

     a. advise the Debtor about the requirements of the bankruptcy
court, the Bankruptcy Code, the Bankruptcy Rules, and the Office of
the U.S. Trustee;

     b. advise the Debtor about certain rights and remedies of its
bankruptcy estate and the rights, claims and interests of
creditors;

     c. represent the Debtor in any proceeding or hearing in the
bankruptcy court involving the estate unless it is represented in
such proceeding or hearing by a special counsel;

     d. conduct examinations of witnesses, claimants or adverse
parties, and represent the Debtor in any adversary proceeding
except to the extent that such adversary proceeding is in an area
outside of Mr. Bensamochan's expertise or which is beyond his
staffing capabilities;

     e. prepare and assist the Debtor in the preparation of
reports, applications, pleadings and orders; and

     f. assist the Debtor in the negotiation, formulation,
preparation and confirmation of a plan of reorganization.

The attorney will be paid $400 per hour for his services.

Mr. Bensamochan disclosed in court filings that he 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.

Mr. Bensamochan can be reached at:

     The Bensamochan Law Firm Inc.
     0851 Agoura Rd, Suite 114
     Agoura Hills, CA 91301
     Phone:  818-574-5740
     Fax:  818-961-0138
     Email:  eric@eblawfirm.us

                    About Tower Park Properties LLC

A group of creditors filed an involuntary Chapter 7 petition
against Tower Park Properties (Bankr. C.D. Calif. Case No.
19-16278) on May 30, 2019.  The petitioning creditors are
represented by David B. Golubchik, Esq., at Levene, Neale, Bender,
Yoo & Brill LLP.

On June 21, 2019, the bankruptcy court approved a stipulation
between Tower Park Properties and the petitioning creditors to
convert the case to one under Chapter 11.  The case is assigned to
Judge Barry Russell.


TREASURE ISLES: Seeks to Extend Exclusivity Period to Aug. 7
------------------------------------------------------------
Treasure Isles Inc. asked the U.S. Bankruptcy Court for the
Southern District of Illinois to extend the period during which it
has the exclusive right to file a Chapter 11 plan through Aug. 7.

Pursuant to court orders, the company conducted a sale of
substantially all of its assets, which closed on May 31. Attorney
for the company, Steven Wallace, Esq., at HeplerBroom LLC, is
holding the net proceeds of sale in trust pending an order of the
bankruptcy court authorizing distributions.

According to Mr. Wallace, "the company is currently in the process
of analyzing its alternatives in connection with disposition of the
proceeds of sale. Among those options would be submission of a plan
of liquidation under which those proceeds would be distributed to
creditors. Alternatively, the company could elect to file a motion
for a structured dismissal under which proceeds from the sale would
be distributed according to priorities to be determined by the
court and applicable law."

Treasure Isles, however, will not be in a position to make a
determination concerning its options on the distribution of the
proceeds of the sale until all claims have been filed," Mr. Wallace
said.

                       About Treasure Isles

Treasure Isles, Inc. is a privately held company that operates in
the food and beverages industry. Treasure Isles sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ill. Case No.
19-30269) on March 7, 2019.  At the time of the filing, the Debtor
estimated assets of less than $1 million and liabilities of $1
million to $10 million.  The case has been assigned to Judge Laura
K. Grandy. HeplerBroom, LLC is the Debtor's counsel.

The Office of the U.S. Trustee on April 18 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Treasure Isles, Inc.


ULTIMATE BRANDS: Seeks to Hire Oak Tree Law as Legal Counsel
------------------------------------------------------------
Ultimate Brands Inc. seeks authority from the U.S. Bankruptcy Court
for the Central District of California to employ Oak Tree Law as
its bankruptcy counsel.

The firm will provide these services in connection with the
Debtor's Chapter 11 case:  

     a. advise the Debtor of its legal rights and obligations in a
bankruptcy proceeding;

     b. represent the Debtor at the initial interview and meeting
of creditors;
     
     c. assist the Debtor in complying with the reporting
requirements of the Office of the U.S. Trustee;

     d. prepare status reports as required by the court and respond
to any motions filed in the Debtor's bankruptcy case;

     e. respond to creditor inquiries, review proofs of claim,
object to inappropriate claims, and prepare notices of automatic
stay in all state court proceedings in which the Debtor is sued
during the pendency of its bankruptcy case; and

     f. prepare a disclosure statement and bankruptcy plan for the
Debtor.

The firm's hourly rates are:

     Julie J. Villalobos      $400
     Larry Fieselman          $400
     Associate Attorneys      $250
     Paralegals               $150

Oak Tree Law received a pre-bankruptcy retainer of $20,000.

Julie Villalobos, Esq., sole owner of Oak Tree Law, disclosed in
court filings that she does not have an interest materially adverse
to the interest of the estate.

The firm can be reached at:

     Julie J. Villalobos, Esq.
     Oak Tree Law
     10900 183rd St Ste 270
     Cerritos, CA 90703
     Tel: 562-741-3938
     Fax: 888-408-2210
     Email: julie@oaktreelaw.com

                        About Ultimate Brands Inc.

Ultimate Brands Inc. is a franchisor of 18|8 Fine Men's Salons,
Griff's Ace Grooming & Shave Bars, and True Solutions for Thinning
Hair.

Ultimate Brands filed a Chapter 11 petition (Bankr C.D. Cal. Case
No. 19-12516) on June 28, 2019. In the petition signed by Scott
Griffiths, chief executive officer, the Debtor estimated $3,003,000
in assets and $6,339,840 in liabilities. Julie J. Villalobos, Esq.,
at Oak Tree Law represents the Debtor as counsel. Judge Theodor
Albert presides over the case.                 


VERNON PARK: Increases Est. Total Amount of Mechanics Liens Claims
------------------------------------------------------------------
Vernon Park Church of God filed a Fourth Amended Chapter 11 Plan
and accompanying Fourth Amended Disclosure Statement disclosing an
increased amount of the total secured claims for mechanics liens
and unsecured claims for mechanics liens.

Class Two secured claims for mechanics liens. Class Two will
receive Pro-rata distribution of $1,032,400.00, plus interest at
five percent in 36 monthly payments of $30,941.95.  The Debtor
estimates that there will be 10 Class 2 claims with an allowed
amount of $2,773,429.  The previous plan estimated Class 2 claims
to total $2,434,179.

Class Three unsecured mechanics lien claims. Class Three creditors
will receive twenty percent (20%) of the allowed amount of their
claims, approximately $ 396,000.00, in 60 monthly payments of
$6603.45.  The Debtor estimates that Class 3 claims will total
$1,981,038.  The previous plan estimated Class 3 claims to total
$1,401,779.

Unsecured creditors will receive 20% of the allowed amount of their
claims, approximately $112,000.00, in 60 monthly payments of
$1869.86.  The previous plan proposed to pay $1,867.86 per month
commencing on the First Monthly Disbursement Date and continuing
on
the 15th day of each month thereafter for the next 59 months.

Class One secured claims held by Happy State Bank. Class One will
receive full payment of its claim in the following manner: interest
free payments in the amount of $5162.00 for the first three years
of the plan; payments in the amount of $33,102.78 with interest at
five percent for the next five years of the plan; and a balloon
payment, or an agreement to further extend the payment of the
balance due, at the end of the eighth plan year.

Class Five small unsecured claims that are less than fifty thousand
dollars. Class Five creditors will receive twenty percent (20%) of
the allowed amount of their claims, approximately $26,000.00, on
the Effective Date of the Plan.

The payments to Creditors under the Plan will be funded by the
Debtor's cash on hand, the Debtor's revenues from tithes and
contributions, and the Debtor’s revenues from fundraising.

A full-text copy of the Fourth Amended Disclosure Statement dated
July 15, 2019, is available at https://tinyurl.com/y565wnms from
PacerMonitor.com at no charge.

The Plan was filed by Karen J. Porter, Esq., at Porter Law Network,
in Chicago, Illinois.

               About Vernon Park Church of God
  
Based in Lynwood, Illinois, Vernon Park Church of God --
http://www.vpcog.org/-- is a religious organization.  The Church's
Sunday service is at 10:00 a.m., and Children's Church is held
during Sunday service.

Vernon Park Church of God filed a Chapter 11 petition (Bankr. N.D.
Ill. Case No. 17-35316) on Nov. 28, 2017.  In the petition signed
by Jerald January Sr., pastor, the Debtor estimated assets and
liabilities between $1 million and $10 million.  The case is
assigned to Judge Donald R. Cassling.  The Debtor is represented by
Karen J Porter, Esq., at Porter Law Network.


VILLA BELLINI: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Villa Bellini Ristorante & Lounge, Inc.
        2930 Gulf to Bay Blvd.
        Clearwater, FL 33759

Business Description: Villa Bellini Ristorante & Lounge Inc. owns
                      and operates an Italian restaurant in
                      Clearwater, Florida.

Chapter 11 Petition Date: July 24, 2019

Court: United States Bankruptcy Court  
       Middle District of Florida (Tampa)

Case No.: 19-06943

Debtor's Counsel: Michael P. Brundage, Esq.
                  BRUNDAGE LAW, P.A.
                  100 Main Street, Suite 204
                  Safety Harbor, FL 34695
                  Tel: 813-250-2488
                  E-mail: mpbrundagelaw@gmail.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Vincent Addonisio, CEO.

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

          http://bankrupt.com/misc/flmb19-06943.pdf


WESTMORELAND COAL: Hires McKinsey Recovery as Special Advisor
-------------------------------------------------------------
Westmoreland Coal Company, and its debtor-affiliates, seek
authority from the U.S. Bankruptcy Court for the Southern District
of Texas to employ McKinsey Recovery & Transformation Services,
U.S., LLC, as performance improvement advisor to the Debtors.

Westmoreland Coal requires McKinsey Recovery to:

   a. Operational Improvement Planning. Assist the Debtors with
      identifying and planning detailed initiatives to support
      improvements in operating performance in mining operations,
      corporate functions, and commercial agreements.

   b. Operational Support. Provide the Debtors with hands-on
      support to implement the detailed initiatives to support
      operational improvements.

   c. Business Plan. Support the Debtors and their restructuring
      advisor, Alvarez & Marsal North America, LLC, in
      incorporating the operational improvement plans into the
      Debtors’ business plan, disclosure statement, and plans of
      reorganization.

   d. Constituent Management. Assist in developing supporting
      diligence materials and presentations for use in various
      stakeholder meetings, attend diligence sessions and working
      meetings with various stakeholders and constituents, and
      provide related ad hoc support to the management team
      on matters related to the operational improvement plans.

   e. Other Operational Services. As appropriate, assist the
      Debtors with other matters as requested by the Debtors and
      mutually agreed upon between the Firm and the Debtors,
      subject to further Court order.

McKinsey Recovery will be paid at these hourly rates:

     Practice Leader                $995 to $1,150
     Senior Vice President          $735 to $925
     Vice President                 $640 to $735
     Senior Associate               $530 to $615
     Associate                      $425 to $515
     Analyst                        $300 to $425
     Paraprofessional               $250 to $275

The Debtors paid McKinsey Recovery a retainer in the amount of
$1,500,000 on August 1, 2018 in connection with prepetition
services. During the 90 days prior to the Petition Date, the
Debtors paid McKinsey Recovery a total of $5,540,000.

As of the Petition Date, the Debtors owed McKinsey Recovery $96,000
in fees and expenses incurred prior to the Petition Date. McKinsey
Recovery has agreed to waive the Prepetition Balance.

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

Mark W. Hojnacki, practice leader in the professional services of
McKinsey Recovery & Transformation Services, U.S., LLC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

McKinsey Recovery can be reached at:

     Mark W. Hojnacki
     MCKINSEY RECOVERY & TRANSFORMATION
     SERVICES, U.S., LLC
     5 East 52nd Street
     New York, NY 10055

              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.


WHEATON MEDICAL: Hires Lynch Law Offices as Attorney
----------------------------------------------------
Wheaton Medical, S.C., seeks authority from the U.S. Bankruptcy
Court for the Northern District of Illinois to employ Lynch Law
Offices, P.C., as attorney to the Debtor.

Wheaton Medical requires Lynch Law Offices to:

   a. consult with the Debtor concerning its powers and duties as
      debtor in possession, the continued operation of its
      business and the Debtor's management of the financial and
      legal affairs of its estate;

   b. consult with the Debtor and with other professionals
      concerning the negotiation, formulation, preparation and
      prosecution of a Chapter 11 plan and disclosure;

   c. confer and negotiate with the Debtor's creditors, other
      parties in interest, and their respective attorneys and
      other professionals concerning the Debtor's financial
      affairs and property, Chapter 11, plans, claims, liens and
      other aspects of this case;

   d. appear in court on behalf of the Debtor when required and
      will prepare, file and serve such applications, motions,
      complaints, notices, orders, reports and other documents
      and pleadings as may be necessary in connection with the
      bankruptcy case; and

   e. provide the Debtor with such other services as the Debtor
      may request and which may be necessary in the
      circumstances.

Lynch Law Offices will be paid at these hourly rates:

     Attorneys             $495
     Paralegals             $95

Lynch Law Offices will be paid a retainer in the amount of
$20,000.

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

John J. Lynch, partner of Lynch Law Offices, P.C., 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.

Lynch Law Offices can be reached at:

     John J. Lynch, Esq.
     LYNCH LAW OFFICES, P.C.
     1011 Warrenville Road, Suite 150
     Lisle, IL 60532
     Tel: (630) 960-4700

                   About Wheaton Medical, S.C.

Wheaton Medical, S.C., is a medical group offering non-surgical,
non-invasive treatment for chronic and severe back pain.

Wheaton Medical sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 19-17922) on June 24,
2019. At the time of the filing, the Debtor estimated assets of
less than $50,000 and liabilities of between $1 million and $10
million. The case is assigned to Judge Donald R. Cassling. Lynch
Law Offices, P.C. is the Debtor's bankruptcy counsel.



YCO TULSA: Seeks to Hire Gretchen K. Archer as Accountant
---------------------------------------------------------
YCO Tulsa, Inc., seeks authority from the U.S. Bankruptcy Court for
the Northern District of Oklahoma to employ Gretchen K. Archer, as
accountant to the Debtor.

YCO Tulsa requires Gretchen K. Archer to:

   -- prepare monthly operating reports;

   -- assist in the preparation of required tax returns; and

   -- provide assistance as needed in the bankruptcy case.

Gretchen K. Archer will be paid at the hourly rate of $175.

Gretchen K. Archer will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Gretchen K. Archer 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.

Gretchen K. Archer can be reached at:

     Gretchen K. Archer
     2310-C N Old Hwy 66
     Catoosa, OK 74015
     Tel: (918) 739-4662

                      About YCO Tulsa, Inc.

YCO Tulsa, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Okla. Case No. 19-11235) on June 14,
2019.  At the time of the filing, the Debtor estimated assets of
less than $50,000 and liabilities of less than $50,000.  The case
is assigned to Judge Dana L. Rasure.  Brown Law Firm, P.C., and
Riggs, Abney, Neal, Turpen, Orbison & Lewis serve as the Debtor's
legal counsel.


[^] BOOK REVIEW: Bendix-Martin Marietta Takeover War
----------------------------------------------------
MERGER: The Exclusive Inside Story of the Bendix-Martin Marietta
Takeover War

Author:  Peter F. Hartz
Publisher:  Beard Books
Soft cover: 418 pages
List Price: $34.95
Review by Gail Owens Hoelscher

William Agee, the youngest man ever to head one of the top 100
American corporations, seemed unstoppable. In 1977, at the age of
39, he took over Bendix Corporation, an aerospace, automotive, and
industrial firm, determined to diversify the company out of the
automotive industry.  In his words, "Automobile brakes are in the
winter of their life and so is the entire automobile industry."  He
sold off a few Bendix units, got some cash together, and began to
look for acquisitions.

Then Agee's relationship with Mary Cunningham burst into the news.
Agee had promoted Cunningham from his executive assistant to vice
president, to the outrage of other Bendix employees. Their affair,
replete with power, brains, youth, good looks, charm, denial, and
deceit, fascinated the American public. Cunningham was forced to
leave Bendix to work for Seagrams, with the entire country
wondering just how well she would do.  The two divorced their
respective spouses and married soon thereafter. To the chagrin of
many, Cunningham continued to play a pivotal role in Bendix
affairs.

Eager to regain his standing, Agee turned to acquisition as soon as
the gossip died down.  A failed attempt to acquire RCA left him
more determined than ever. He then set his sights on
Martin-Marietta, an undervalued gem in the 1982 stock market slump.
Thus began an all-out war of tenders and countertenders, egoism and
conceit, half-truths and dissimulation, and sudden alliances and
last-minute court decisions.

This is a very exciting account of the war's scuffles, skirmishes,
and battles.  The author, son of a long-time Bendix director, was
able to interview some of the major participants who most likely
would have refused the requests of other authors.  Some gave him
access to personal notes from the various proceedings.  The author
thoroughly researched the documents involved in the takeover war,
as well as news reports and press releases.   He explains the
complicated legal maneuverings very clearly, all the while keeping
the reader entertained with the personal lives and thoughts of the
players.

People love this book. The New York Times Book Review said
"Aggression and treachery, hairbreadth escapes and last-minute
reversals, "white knights" and "shark repellants" - all of these
and more can be found in the true-life adventure of the
Bendix-Martin Marietta merger war."  The Wall Street Journal said
"Merger brims with tension, authentic-sounding dialogue and
insider detail."

Peter F. Hartz was born in Toronto, Canada, in 1953, and moved to
the U.S. as a child.  He holds degrees from Colgate University and
Brown University.  He lives in Toluca Lake, California.



                            *********

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
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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
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includes links to freely downloadable images of these small-dollar
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Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
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Monthly Operating Reports are summarized in every Saturday edition
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The Sunday TCR delivers securitization rating news from the week
then-ending.

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                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
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.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
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                   *** End of Transmission ***