/raid1/www/Hosts/bankrupt/TCR_Public/190802.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, August 2, 2019, Vol. 23, No. 213

                            Headlines

01 BH PARTNERSHIP: Case Summary & 6 Unsecured Creditors
1 GLOBAL: Travis Creditors Object to Disclosure Statement
550 SEABREEZE: Court Approves Disclosure Statement, Confirms Plan
7215 N OAKLEY: Sept 5 Hearing on Disclosure Statement
7215 N. OAKLEY LLC : Authorized to Use MRR Cash Collateral

99 CENTS: Moody's Raises CFR to Caa1, Outlook Stable
ABC PM 652: Cash Collateral Motion Denied as Moot
ADAMIS PHARMACEUTICALS: Stockholders Elect Five Directors
ALCAMI CORP: Moody's Lowers CFR to Caa1, Outlook Stable
ASPIRA OF FLORIDA: S&P Cuts Bond Rating to 'D'

ASSOCIATED ORAL: Sept. 5 Plan Confirmation Hearing
BINDER MACHINERY: Court Awards Sandton Credit $246K in Damages
BORDEAUX FARMS: Aug. 22 Hearing on Disclosure Statement
BUCKNER FOODS: Authorized to Collect and Use Cash Collateral
CAREERBUILDER LLC: Moody's Lowers CFR to B3, Outlook Stable

CEC ENTERTAINMENT: Moody's Rates Proposed 1st Lien Loans 'B2'
CLAIRE'S STORES: S&P Assigns 'B' ICR on Recapitalization
CRYPTO COMPANY: Financial Condition Casts Going Concern Doubt
DCERT BUYER: Fitch Assigns 'B' LongTerm IDR, Outlook Stable
DELTA VISION: Court Approves Cash Use Until Aug. 30

ELWOOD ENERGY: S&P Alters Outlook to Pos., Affirms BB+ Debt Rating
EMPOWER CLINICS: Says Going Concern Doubt Exists at March 31, 2019
FAME ASSISTANCE: Case Summary & 20 Largest Unsecured Creditors
FIRST DATA: Moody's Withdraws Ba3 CFR Due to Fiserv Transaction
FLEMING STEEL: Court Partly Grants JEG Bid for Summary Judgment

FUTURELAND CORP: Continued Losses Cast Going Concern Doubt
GHOTRA INC: Sept. 9 Hearing on Disclosure Statement
GRANITE TACTICAL: Bankr. Administrator Seeks Committee Members
GROUP 1 AUTOMOTIVE: Moody's Affirms Ba1 Corp. Family Rating
HOME BOUND HEALTHCARE: Has Access to Cash Until Aug. 31

HUNTINGTON PROPERTY: Case Summary & 3 Unsecured Creditors
ICON CONSTRUCTION: Adds Language on Absolute Priority Rule in Plan
IRIDIUM COMMUNICATIONS: S&P Alters Outlook to Pos., Affirms B- ICR
J WICK PRODUCTIONS: Unsecureds to Get 2 Distributions at 2.38%
JAMES CANDY: $40K Sale of Candy-Making Equipment to Claremont OK'd

KEHE DISTRIBUTORS: Moody's Raises CFR to B1, Outlook Stable
LAKEWAY PUBLISHERS: $3.6K Sale of Personal Property Approved
LAWN ADVISORY: Plan Confirmation Hearing Rescheduled to Aug. 8
LIFE TIME: S&P Assigns 'B+' Rating on Term Loan B; Outlook Stable
MATRA PETROLEUM: Case Summary & 20 Largest Unsecured Creditors

MCCLATCHY CO: S&P Alters Outlook to Neg. on Constrained Liquidity
MERIDIAN MARINA: U.S. Trustee Unable to Appoint Committee
MIDATECH PHARMA: Names Frederic Duchesne as Non-Executive Director
MJW FILMS: Unsecureds to Get Full Payment in 2 Distributions
MOBILE ADDICTION: Case Summary & 20 Largest Unsecured Creditors

MOONSHINE ALE: U.S. Trustee Unable to Appoint Committee
MORGAN ADMINISTRATION: Files Chapter 11 Plan of Liquidation
MUSCLE MAKER: Incurs $1.1 Net Loss for Quarter Ended Sep. 30, 2018
NAKADDU LLC: Case Summary & 6 Unsecured Creditors
NAPHTHA ENTERPRISES: Case Summary & 20 Largest Unsecured Creditors

NATIONAL RADIOLOGY: Sept. 5 Plan Confirmation Hearing
NICHOLAS L. HUGENTOBLER: Submits Revised Budget
NORTHERN OIL: Moody's Alters Outlook on B3 CFR to Positive
NOVUM PHARMA: Aug. 29 Plan Confirmation Hearing
OAKLEY GRADING: Hughes Bid to Convert Case to Ch. 7 Junked

OBALON THERAPEUTICS: Has $6.8M Net Loss for Quarter Ended June 30
ODYSSEY CHARTER: Moody's Rates $9.4MM 2019A Revenue Bonds 'Ba1'
OMEROS CORP: Signs New Master Services Agreement with Lonza
PALM HEALTHCARE: $187K Sale of Interloc's Delray Beach Property OKd
PALM HEALTHCARE: May Use Cash Collateral

PARALLAX HEALTH: Execs Say Going Concern Doubt Exists at March 31
PRESTIGE HEALTH: Case Dismissed; Cash Use Hearing Cancelled
QUEBECOR MEDIA: S&P Raises Issuer Credit Rating to 'BB+'
RETRIEVAL-MASTERS: LabCorp Steps Down as Committee Member
RIDGEMOUR MEYER: Court Affirms Judgment in Favor of Law Firm

ROCKIES REGION: PDC to Pay $11.1MM for General Releases
SAN LUIS FACILITY: S&P Raises Bond Rating to B- on Improved Census
SCHAEFER AMBULANCE: $660K Sale of Hacienda Heights Property Okayed
SCOTTY'S HOLDINGS: Auction Sale of All Scotty's Thr3e Assets Okayed
SEDGWICK INC: S&P Affirms 'B' ICR on Debt Issuance for Acquisition

SENIOR CARE: Cedar Park Objects to Disclosure Statement
SENIOR CARE: CHI Javelin Landlords Object to Disclosure Statement
SENIOR CARE: Orix Real Estate Objects to Disclosure Statement
SENIOR CARE: U.S. Government Objects to Disclosure Statement
SHIELDS HEALTH: Moody's Assigns B3 CFR, Outlook Stable

SINTX TECHNOLOGIES: Alpha Capital Reports 5.6% Stake as of July 29
SWIFT AIR: Ruling on Final Orders in Suit vs Redeye, et al., Issued
THE LASALLE GROUP: Cash Collateral Request Approved
TSS ATLANTA: Sept. 3 Plan Confirmation Hearing
TURIN AVIATION: Unsecureds to Get 60 Monthly Payments of $214

ULTRA PETROLEUM: Will be Delisted from Nasdaq on Aug. 8
VALERITAS HOLDINGS: Reports Positive Results for CBD Delivery Study
VERDESIAN LIFE: S&P Withdraws 'CCC-' Issuer Credit Rating
VINE OIL: S&P Cuts ICR to 'CCC+' on Increased Refinancing Risk
WINDSOR MARKETING: People's Objects to Plan Confirmation

WOLVERINE FUELS: S&P Affirms CCC ICR on Likely Debt Restructuring
WORLDPAY LLC: Moody's Withdraws Ba2 CFR Due to Fidelity Deal
ZIM CORPORATION: MNP LLP Raises Going Concern Doubt at March 31

                            *********

01 BH PARTNERSHIP: Case Summary & 6 Unsecured Creditors
-------------------------------------------------------
Debtor: 01 BH Partnership
        1001 Beverly Glen Blvd
        Los Angeles, CA 90077

Business Description: 01 BH Partnership is the fee owner of an
                      approximately 1,087 square foott, 2 bedroom,
                      1 bath single family residence commonly
                      known as 1001 N. Beverly Glen Boulevard, Los
                      Angeles, CA 90077, the parcel nos. of which
                      are 4371-019-040 and 4371-018-008.  The
                      property is in extremely poor condition,
                      stripped of amentities, boarded up,
                      uninhabitable, basically a tear-down, and
                      the subject of a civil lawsuit involving,
                      inter alia, a boundary dispute and a
                      criminal prosecution for code violations.
                      As a result, its value is approximately
                      $225,000.  The Debtor also owns 10%
                      interests in 18 adjacent undeveloped, vacant
                      lots, also known as 1001 N. Beverly Glen
                      Boulevard, Los Angeles, CA 90077, together
                      with certain easements for ingress, egress
                      and other purposes, many of them steep
                      and unbuildable.  The Debtor previously
                      sought bankruptcy protection on April 25,
                      2018 (Bankr. C.D. Calif. Case No. 18-11040).

Chapter 11 Petition Date: July 31, 2019

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Case No.: 19-11924

Judge: Hon. Maureen Tighe

Debtor's Counsel: Mark E. Goodfriend, Esq.
                  LAW OFFICES OF MARK E GOODFRIEND
                  16055 Ventura Blvd
                  Encino, CA 91436
                  Tel: 818-783-8866
                  Fax: 818-783-5445
                  E-mail: markgoodfriend@yahoo.com

Total Assets: $245,000

Total Liabilities: $10,562,927

The petition was signed by Christian Spannhoff, general partner.

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

           http://bankrupt.com/misc/cacb19-11924.pdf


1 GLOBAL: Travis Creditors Object to Disclosure Statement
---------------------------------------------------------
Travis Portfolio, LLC, Oliphant Financial, LLC, and Collins Asset
Group, LLC (collectively, the "Travis Creditors"), object to the
approval of the Disclosure Statement for the Joint Plan of
Liquidation of 1 Global Capital, LLC.

The Travis Creditors assert that this disclosure is all the more
important based on the Debtors and the Committee not disclosing any
other specific assets or recovery in any detail.

The Travis Creditors point out that the Disclosure Statement makes
no mention of this possibility, or the Travis Creditors' persistent
overtures.

The Travis Creditors further point out that the Debtors and the
Committee refuse to disclose this in the Disclosure Statement in
favor of burning through their $87 million stockpile of cash
pursuing undisclosed Causes of Action, Avoidance Actions, and
flimsy to non-existent claims against the Travis Creditors.

According to the Travis Creditors, no justification for this is
disclosed anywhere in the Disclosure Statement, past, on-going, or
in the future as part of any Liquidating Plan.

The Travis Creditors complain that this disclosure is necessary
given the Debtors' stubborn refusal to engage in any meaningful
discussions with the Travis Creditors and penchant for spending the
$87 stockpile of cash unfettered.

The Travis Creditors assert that the Debtors' description of their
assets in the Disclosure Statement is wholly inadequate.

The Travis Creditors point out that the Disclosure Statement
provides that the Liquidating Trust will hire professionals, but
does not disclose who it will hire, the terms of those retentions,
or how any potential conflicts with prior representations of the
Debtors or the Committee will be handled or by whom.

According to the Travis Creditors, the Disclosure Statement and
Liquidating Plan also contains legal conclusions and provisions
that are not appropriate or enforceable.

Attorney for the Travis Creditors:

     G. STEVEN FENDER, ESQ.
     STEVEN FENDER PA
     P.O. Box 1545
     Ft. Lauderdale, FL 33302
     Telephone: (407) 810-2458
     Email: steven.fender@fender-law.com

                  About 1 Global Capital

1 Global Capital, LLC -- https://1stglobalcapital.com/ -- is a
direct small business funder offering an array of flexible funding
solutions, specializing in unsecured business funding and merchant
cash advances.

1 Global Capital LLC, based in Hallandale Beach, Fla., and its
debtor-affiliates sought Chapter 11 protection (Bankr. S.D. Fla.
Lead Case No. 18-19121) on July 27, 2018.  In the petition signed
by Steven A. Schwartz and Darice Lang, authorized signatories, 1st
Global Capital estimated $100 million to $500 million in assets and
liabilities as of the bankruptcy filing.  

The Hon. Raymond B. Ray oversees the cases.  

Greenberg Traurig LLP, led by Paul J. Keenan Jr., Esq., serves as
bankruptcy counsel; and Epiq Corporate Restructuring, LLC, as
claims and noticing agent.

The U.S. Trustee for Region 21 appointed an official committee of
unsecured creditors on Sept. 7, 2018. The committee tapped
Stichter, Riedel, Blain & Postler, P.A. as its legal counsel;
Conway MacKenzie, Inc., as financial advisor, along with Dundon
Advisers, LLC, as co-financial advisor.


550 SEABREEZE: Court Approves Disclosure Statement, Confirms Plan
-----------------------------------------------------------------
The Disclosure Statement explaining the Chapter 11 plan of
liquidation of 550 Seabreeze Development, LLC, is approved on a
final basis.

All objections and reservations of rights to the final approval of
the Disclosure Statement that have not been withdrawn, waived or
settled, are overruled in all respects.

The Plan, as may be amdended, is approved and confirmed in each and
every respect pursuant to Section 1129 of the Bankruptcy Code.

The terms of the Plan, as modified in this Confirmation Order, are
approved and shall be binding upon and enforceable against: the
Debtor.

The Confirmation Order constitutes the approval in all respects
pursuant to Section 365 of the Bankruptcy Code.

The Court will conduct a post-confirmation status conference on
September 18, 2019 at 10:00 a.m., before the Honorable Raymond B.
Ray at United States Bankruptcy Court, United States Courthouse,
299 East Broward Blvd, Courtroom 308, Fort Lauderdale, FL 33301.

Counsel to the Debtor is Glenn D. Moses, Esq., at Genovese Joblove
& Battista, P.A., in Miami, Florida.

              About 550 Seabreeze Development

550 Seabreeze Development LLC is a general contractor located in
Fort Lauderdale, Florida.  It is a single asset real estate (as
defined in 11 U.S.C. Section 101(51B)).  The company filed as a
Florida limited liability in Florida in September 2003.

550 Seabreeze Development sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-12193) on Feb. 26,
2018.  In its petition signed by Kenneth Bernstein, authorized
representative, the Debtor estimated assets and liabilities of $10
million to $50 million.  Judge Raymond B. Ray presides over the
case. Genovese Joblove & Battista, P.A., is the Debtor's legal
counsel.  No official committee of unsecured creditors has been
appointed in the Debtor's case.


7215 N OAKLEY: Sept 5 Hearing on Disclosure Statement
-----------------------------------------------------
A hearing on the adequacy of the disclosure statement explaining
7215 N OAKLEY, LLC's Chapter 11 plan and confirmation of the Plan
is set for September 5, 2019 at 10:30 a.m.

Objections to the adequacy of the disclosure statement and
confirmation of the Plan must be filed and served on or before
August 21, 2019 and the Debtor will have until and including August
30, 2019 to file a response to any such objection.

Under the Plan, Class 2 General Unsecured Claims are impaired. Each
Holder of a General Unsecured Claim shall receive a total of three
(3) Distributions, which amounts together equal 3% of its Allowed
Class 2 Claim, on the first, second, and third anniversaries of the
Initial Distribution Date, or such earlier date as the Reorganized
Debtor determines in its sole discretion.

Class 1 MRR 7215 Secured Claim are impaired. On or before October
15, 2019 the MRR 7215 Secured Claim shall be paid in full from a
combination of the proceeds of a new first mortgage loan obtained
by the Reorganized Debtor and a portion of the New Equity
Contribution. Upon payment of the Payoff Amount to the holders of
the Class 1, Class 3 and Class 4 claims in the amounts provided for
in this Plan, the Deed in Lieu Custodian shall deliver the Deed in
Lieu Documents to the Debtor and they shall be promptly destroyed.

Class 3 MRR 7215 Deficiency Claim are impaired. Class 3 is the
Claim of MRR 7215 for its deficiency in the amount of $294,772.94.
The Class 3 Claim shall be deemed an Allowed Claim and treated as
follows: on the Initial Payment Date, the Holder of the Allowed
Class 3 Claim shall receive a Distribution in the amount of
$12,994.00 in full satisfaction of its Allowed Class 3 Claim.
Notwithstanding the foregoing, in the event the Deed in Lieu
Documents are delivered to MRR 7215 for recording against the Real
Estate, as provide above, then no Distribution shall be made on the
Class 3 Claim.

Class 4 MRC 1955 Deficiency Claim are impaired. Class 4 is the
Claim of MRC 1955 which is an unsecured deficiency claim in the
amount of $1,741 ,054.42. The Class 4 Claim shall be deemed an
Allowed Claim and treated as follows: on the Initial Distribution
Date, the Holder of an Allowed Class 4 Claim shall receive a
Distribution in the amount of $69,642.00 in full satisfaction of
its Allowed Class 4 Claim. Notwithstanding the foregoing, in the
event the Deed in Lieu Documents are delivered to MRR 7215 for
recording against the Real Estate, as provide above, then no
Distribution shall be made on the Class 4 Claim.

Class 5 Classes of Equity Interests are impaired. The Holder of the
Debtor's Interests shall not retain such Interests under the Plan
and such Interests shall be cancelled. Pursuant to Section 1126(g)
of the Bankruptcy Code, the Holders of the Class 5 Interests are
deemed to not have accepted the Plan.

The Plan will be funded by and through (i) the New Equity
Contribution by NS New Equity, LLC, the proposed acquirer of the
New Equity of the Reorganized Debtor (i.e., approx. $300,000), (ii)
the Reorganized Debtor's future cash flow generated by its ongoing
business operations, and (iii) the refinance of the MRR 7215
Secured Claim on or before October 15, 2019.

A full-text copy of the Disclosure Statement dated July 24, 2019,
is available at https://tinyurl.com/y4sy7vyh from PacerMonitor.com
at no charge.

The Plan was filed by Robert W. Glantz, Esq., and David R. Doyle,
Esq., at Fox Rothschild LLP, in Chicago, Illinois.

                   About 7215 N Oakley

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

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


7215 N. OAKLEY LLC : Authorized to Use MRR Cash Collateral
----------------------------------------------------------
Judge Deborah L. Thorne of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized 7215 N. Oakley, LLC, to
use the cash collateral of MRR 7215 Oakley LLC to pay 7215 N.
Oakley's expenses.

7215 N. Oakley is allowed to pay Court-approved expenses amounting
to $36,400 in real and property tax and other necessary expenses
for the period from July to September 2019, plus 10 percent
variance for any individual expense.

As adequate protection to MRR's interests MRR is granted (i) any
property that 7215 N. Oakley acquires after its Petition Date,
including property in rents, profits and cash from its prepetition
and post-petition operations, and (ii) proceeds generated from such
property.  Use of cash collateral, however, shall cease in the
event of default by 7215 N. Oakley.

The Court will convene a hearing on Sept. 5, 2019, at 10:30 a.m.
regarding 7215 N. Oakley's continued use of the cash collateral.

                       About 7215 N Oakley

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

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


99 CENTS: Moody's Raises CFR to Caa1, Outlook Stable
----------------------------------------------------
Moody's Investors Service upgraded 99 Cents Only Stores LLC's
Corporate Family Rating and Probability of Default rating to Caa1
and Caa1-PD from Caa2 and Ca-PD respectively and appended the PDR
with the "/LD" (limited default) designation. Moody's will remove
the "/LD" designation from the company's PDR after three days.
Moody's also upgraded the company's Senior Unsecured Notes to Caa3
from Ca, and affirmed the senior secured term loan rating at Caa2.
The outlook is stable.

"The company's recently concluded recapitalization resulted in
substantially reducing its debt load making the capital structure
more sustainable for the longer term", Moody's Vice President
Mickey Chadha stated. "The transaction will also lower the
company's cash interest payments by approximately $15 million
annually and also resulted in an additional cash infusion of $34
million thereby improving availability under the company's
revolving credit facility", Chadha further stated.

Upgrades:

Issuer: 99 Cents Only Stores LLC

Probability of Default Rating, Upgraded to Caa1-PD /LD from Ca-PD

Corporate Family Rating, Upgraded to Caa1 from Caa2

Senior Unsecured Regular Bond/Debenture, Upgraded to Caa3 (LGD6)
from Ca (LGD6)

Affirmations:

Issuer: 99 Cents Only Stores LLC

Senior Secured Bank Credit Facility, Affirmed Caa2 (LGD4 from
LGD3)

Outlook Actions:

Issuer: 99 Cents Only Stores LLC

Outlook, Remains Stable

RATINGS RATIONALE

These rating actions result from 99 Cents' completion of its
conversion of all of its second lien debt and 92% of its third lien
debt to preferred and common equity thereby reducing debt by almost
a third. The transaction was characterized as a distressed
exchange. With this debt reduction, the company will lower its cash
interest payments by approximately $15 million annually. The
Company's sponsors, Ares Management and the Canada Pension Plan
Investment Board, will retain about 73% ownership and majority
control of the Company.

The Caa1 Corporate Family Rating reflects the company's adequate
liquidity, weak credit metrics, geographic concentration in
California and the intense competitive business environment in its
core markets. The rating also reflects the high execution risk
related to the company's planned strategic initiatives and cost
cuts especially in an intense competitive environment. Pro forma
for the recapitalization debt/EBITDA will be about 6.5x for the LTM
period ending May 3, 2019 and EBIT/interest will remain below 1.0x.
Moody's does expect modest improvement in credit metrics with
debt/EBITDA improving to about 6.0x at the end of fiscal period
ending February 2021. The company's management team has seen
success in implementing a turnaround strategy which includes
improved inventory and shrink management, and improved efficiencies
including new third party distributor relationships. Management has
also started to upgrade the company's store base to enhance the
customer experience. The improvement in operations has been evident
in the positive same store sales growth for the last eight quarters
and improved profitability. Other rating factors include positive
growth prospects for the dollar store sector which benefits from
affordable, low price points and relative resistance to economic
cycles.

The stable outlook reflects its expectation that liquidity will be
adequate, operating performance will continue its upward trajectory
and that the company will refinance its Term Loan well in advance
of its January 2022 maturity.

Ratings could be downgraded if liquidity deteriorates or the
company's term loan is not refinanced well in advance of maturity,
or EBIT/interest is sustained below 1.0 times or if operating
performance deteriorates such that debt/EBITDA deteriorates to
above 7.25x. Change in the company's financial policies could also
result in a downgrade.

Ratings could be upgraded should 99 Cents Only's earnings grow such
that debt to EBITDA approaches 5.5x, free cash flow is positive and
term loan maturity is addressed. A ratings upgrade would also
require adequate liquidity and financial policies which would
support leverage remaining at its improved levels.

99 Cents Only Stores LLC is controlled by affiliates of Ares
Management and Canada Pension Plan Investment Board. As of May 3,
2019, the Company operated 387 retail stores in California, Texas,
Arizona, and Nevada. Revenues are about $2.3 billion.

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


ABC PM 652: Cash Collateral Motion Denied as Moot
-------------------------------------------------
Judge Barry Russell, of the U.S. Bankruptcy Court for the Central
District of California, denied the request of ABC PM 652 S Sunset,
LLC, to use cash collateral for the property located at 16538
Elmont Avenue, Cerritos, California.  

The Court denied the motion as moot.

                About ABC PM 652 S Sunset

ABC PM 652 S Sunset LLC is a privately held company that provides
property management services.  Based in West Covina, Calif., ABC PM
652 S Sunset filed a Chapter 11 petition (Bankr. C.D. Cal. Case No.
19-16004) on May 22, 2019.  In the petition signed by Juana M.
Roman, managing member, the Debtor estimated $1 million to $10
million in both assets and liabilities.  Judge Barry Russell
oversees the case.  John H. Bauer, Esq., at Financial Relief Legal
Advocates Inc., is the Debtor's bankruptcy counsel.


ADAMIS PHARMACEUTICALS: Stockholders Elect Five Directors
---------------------------------------------------------
The annual meeting of stockholders of Adamis Pharmaceuticals
Corporation was held on July 24, 2019, at which the Company's
stockholders:

   (a) elected Dennis J. Carlo, Ph.D., William C. Denby, III,
       David J. Marguglio, Robert B. Rothermel, and Richard C.
       Williams as directors;

   (b) did not approve the 2019 Equity Incentive Plan;

   (c) did not approve, on a nonbinding advisory basis, the
       compensation of the Company's named executive officers;

   (d) approved, on an advisory basis, a yearly frequency of
       future advisory vote on executive compensation; and

   (e) ratified the selection of Mayer Hoffman McCann PC as
       independent registered public accounting firm for the year
       ending Dec. 31, 2019.

After considering the results of the stockholder advisory vote, the
Company has determined that the frequency for which the Company
should include an advisory vote regarding the compensation of its
named executive officers in its future proxy statements for
stockholder consideration will be every year, until the next
required vote on the frequency of such an advisory vote.

                          About Adamis

San Diego, Calif.-based Adamis Pharmaceuticals Corporation
(OTCQB:ADMP) -- http://www.adamispharmaceuticals.com/-- is a
specialty biopharmaceutical company primarily focused on developing
and commercializing products in various therapeutic areas,
including respiratory disease and allergy.  The Company's Symjepi
(epinephrine) Injections 0.3mg and 0.15mg were approved for use in
the emergency treatment of acute allergic reactions, including
anaphylaxis.  Adamis recently announced a distribution and
commercialization agreement with Sandoz, a division of Novartis
Group, to market Symjepi in the U.S. Adamis is developing
additional products, including the company's ZIMHI naloxone
injection product candidate for the treatment of opioid overdose,
and a metered dose inhaler and dry powder inhaler product
candidates for the treatment of asthma and COPD. The company's
subsidiary, U.S. Compounding, Inc., compounds sterile prescription
drugs and certain nonsterile drugs for human and veterinary use, to
patients, physician clinics, hospitals, surgery centers and other
clients throughout most of the United States.

Adamis incurred a net loss of $39 million in 2018, following a net
loss of $25.53 million in 2017.  As of March 31, 2019, Adamis had
$52.66 million in total assets, $12.88 million in total
liabilities, and $39.77 million in total stockholders' equity.

Mayer Hoffman McCann P.C., in San Diego, California, the Company's
auditor since 2007, issued a "going concern" qualification in its
report on the Company's consolidated financial statements for the
year ended Dec. 31, 2018.  The auditors noted that the Company has
incurred recurring losses from operations, and is dependent on
additional financing to fund operations.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


ALCAMI CORP: Moody's Lowers CFR to Caa1, Outlook Stable
-------------------------------------------------------
Moody's Investors Service downgraded Alcami Corporation's ratings,
including the Corporate Family Rating to Caa1 from B3 and the
Probability of Default Rating to Caa1-PD from B3-PD. Moody's also
downgraded the first lien senior secured bank credit facility
rating to B3 from B2. The outlook is stable.

The downgrade of the CFR to Caa1 reflects weakening in the
company's operating performance, negative free cash flow and
uncertainty around the timing of potential improvement. Revenues
have declined over the past year, related mostly to several
customer-driven delays in its core Active Pharmaceutical
Ingredients ("API") business. Because of lower sales and lost
operating leverage, Alcami's earnings have declined more than sales
on a percentage basis. As a result, debt/EBITDA has meaningfully
increased, to 8.6x for the twelve months ended March 31, 2019.

The following ratings were downgraded:

Alcami Corporation

  Corporate Family Rating, to Caa1 from B3

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

  Senior secured first lien revolving credit facility
  expiring 2023 to B3 (LGD3) from B2 (LGD3)

  Senior secured first lien term loan due 2025 to B3
  (LGD3) from B2 (LGD3)

The outlook is stable

RATINGS RATIONALE

Alcami's Caa1 CFR reflects the company's moderate scale relative to
more established Contract Development and Manufacturing
Organization, such as Catalent Pharma Solutions, Inc. (B1 stable)
and Patheon (Baa1 stable). These CDMOs are roughly 8-9 times the
size of Alcami and can offer greater capacities to
pharmaceutical/biotech customers. It also reflects Moody's
expectation that financial leverage will remain high over the next
12-18 months, with debt to EBITDA remaining above 8 times. The
rating is further constrained by the perpetually high regulatory
risk and compliance costs to which CDMOs such as Alcami are
subject. The rating also reflects the execution risk associated
with certain cost savings activities, which Moody's believes can
result in operational disruption.

The rating is supported by Alcami's breadth of services it, making
it a fully integrated CDMO. Moody's believes that fundamental
demand for pharmaceutical development and manufacturing services is
robust. Demand will continue to grow as pharmaceutical companies
increasingly outsource development and manufacturing of complex
products. Alcami is well positioned to benefit from this growing
demand. Moody's estimates the industry will grow at a
mid-single-digit rate over the next few years. The rating is
further supported by the company's good business diversity and
moderate customer concentration.

Moody's believes that Alcami's liquidity will be adequate over the
next 12-15 months. Moody's anticipates negative to break-even free
cash flow over the next 12-18 months absent significant improvement
in earnings. This will constrain liquidity and result in reliance
on the revolving credit facility. As of March 31, 2019, Alcami had
$7 million of cash, full access to a $50 million undrawn revolver
and no debt maturities until 2023.

The ratings could be downgraded if operating performance
deteriorates, liquidity weakens, or if Alcami fails to generate
positive free cash flow. A downgrade could also occur if the
company makes debt-funded acquisitions or shareholder
distributions.

The ratings could be upgraded if Alcami is able to effectively
turn-around the business through prudent cost savings and new
business wins. Specifically, improved free cash flow and debt to
EBITDA reduced to around 6.5x could support an upgrade.

Alcami Corporation is an integrated contract development &
manufacturing organization. The company develops and manufactures
both active pharmaceutical ingredients and finished drug product
for its customers. It also provides lab services, such as
formulation development, and packaging. The company is
majority-owned by private equity firm Madison Dearborn Partners.
Revenue is over $200 million.


ASPIRA OF FLORIDA: S&P Cuts Bond Rating to 'D'
----------------------------------------------
S&P Global Ratings lowered its long-term rating on Miami-Dade
County Industrial Development Authority's series 2016A industrial
development revenue bonds and 2016B taxable bonds, issued for
ASPIRA of Florida Inc. (ASPIRA), to 'D' from 'B'.

"The downgrade follows our recent receipt of information indicating
ASPIRA entered into a forbearance agreement with its majority
bondholders dated as of Oct. 31, 2018, which permitted ASPIRA not
to make debt service payments as scheduled. According to the terms
of the forbearance agreement, we understand that ASPIRA missed its
Nov. 1, 2018, principal payment and May 1, 2019, interest payment.
These constitute events of default under S&P Global Ratings'
timeliness of payments criteria and our ratings definitions," said
S&P Global Ratings credit analyst Shivani Singh. "We do not expect
debt service payments to be made in the next 30 days given ASPIRA's
materially weak finances, particularly its minimal liquidity."

S&P expects to discontinue its 'D' ratings on ASPIRA's rated bonds
once 30 days have elapsed, in accordance with its timeliness of
payments criteria, absent new information that would prompt it to
reassess the ratings.


ASSOCIATED ORAL: Sept. 5 Plan Confirmation Hearing
--------------------------------------------------
The amended disclosure statement explaining the Chapter 11 Plan
filed by Associated Oral Specialties, Inc.ASSOCIATED ORAL
SPECIALTIES, INC., is conditionally approved.

The Court will hold a hearing on final approval of the amended
disclosure statement and confirmation of the plan on September 5,
2019, at 10:00 a.m., in Courtroom 1401, U.S. Courthouse, 75 Ted
Turner Drive, SW, Atlanta, Georgia.

August 27, 2019 is fixed as the last day for filing and serving
written objections to the amended disclosure statement and
confirmation of the plan.

                About Associated Oral Specialties

Associated Oral Specialties, Inc. --
https://associatedoralspecialties.com/ -- is a provider of
comprehensive oral specialty care in Atlanta, Georgia.  Associated
Oral offers CBCT scans, digital x-rays, root canal (Endodontic)
therapy, root canal (Endodontic) retreatment, root canal surgery
(Apicoectomy), cure for traumatic dental injuries, incision and
drainage, biopsy, implants, sedation dentistry, preprosthetic
surgery, alveoplasty, frenectomy, sleep apnea treatment, bone
grafting, and IV Conscious sedation services.  

Associated Oral Specialties filed a Chapter 11 petition (Bankr.
N.D. Ga. Case No. 19-50715) on Jan. 14, 2019.  In the petition
signed by Freddie J. Wakefield, Jr., chief executive officer, the
Debtor disclosed $249,928 in assets and $1,503,794 in debt.  The
Debtor tapped Will B. Geer, Esq. at Wiggam & Geer, LLC, as its
legal counsel.


BINDER MACHINERY: Court Awards Sandton Credit $246K in Damages
--------------------------------------------------------------
Chief Bankruptcy Judge Kathryn C. Ferguson rules in favor of
Defendant Sandton Credit Solutions Master Fund III, LP in the case
captioned Joseph D. Morris, Plaintiff, v. Sandton Credit Solutions
Master Fund III, LP, Defendant, Adversary No. 17-1107 (Bankr.
D.N.J.).

In July 2015, Joseph Morris purchased certain construction
equipment from Debtor Binder Machinery Co., LLC. Throughout the
bankruptcy proceeding, Sandton disputed Mr. Morris' assertion that
he was a secured creditor with a superior interest to Sandton. In
2017, Mr. Morris filed an adversary proceeding seeking a
declaratory judgment that he was a buyer in the ordinary course
that had purchased the construction equipment from the Debtor free
and clear of any liens, interests or encumbrances. On Feb. 22,
2018, the court entered summary judgment in favor of Sandton. The
court found that Sandton held a perfected, first-position security
interest in the construction equipment and was not divested of that
interest by the July 2015 transaction that purported to sell the
equipment to Mr. Morris. The summary judgment order provided that
"Morris shall reimburse Sandton for any decline in the fair market
value of the remaining Equipment as a result of Morris's
unwarranted assertion of a possessory and/or security interest in
the Equipment which damages will be determined at a hearing."

Mr. Morris asserts that Sandton should not be entitled to any
damages as a result of the decline in the value of the equipment
because Sandton failed to mitigate its damages. Mr. Morris contends
that "nothing impeded Sandton from seeking to enforce its rights .
. . it simply chose to sit idly by and let its alleged damages
multiple." Even if the court were to accept the position that
Sandton bears some culpability for not initiating a formal legal
proceeding sooner, that does not equate with being denied any
damages. The case cited by Mr. Morris stands for the proposition
that a party must take reasonable steps to mitigate damages and if
it fails to do so it is denied recovery only for those loses that
could have been avoided. The court fails to see how Sandton's
attempt to sell the equipment that Mr. Morris claimed ownership of
or filing a declaratory judgment action earlier necessarily would
have resulted in avoiding damages.

The court finds that the failure to account for the actual sale of
the equipment in a comparable sales based valuation so seriously
damages the credibility of the Dight report that the court cannot
rely on its ultimate conclusions. Accordingly, in reliance on the
Binder report and the supporting testimony at the damages hearing
the court finds that Sandton should be awarded $246,788 in damages
for the decline in the fair market value of the remaining
equipment.

A copy of the Court's Memorandum Opinion dated March 15, 2019 is
available at https://bit.ly/32WYLHu from Pacermonitor.com at no
charge.

Joseph D. Morris, Plaintiff, represented by Joel R. Glucksman ,
Scarinci & Hollenbeck, LLC, Robert E. Levy , Scarinci & Hollenbeck
& Joseph H. Tringali , Bendit Weinstock PA.

Sandton Credit Solutions Master Fund III, LP, Defendant,
represented by Mark J. Dorval , Stradley, Ronon, Stevens & Young,
LLP & John J. Murphy, III , Stradley Ronon Stevens & Young, LLP.

Sandton Credit Solutions Master Fund III, LP, Counter-Claimant,
represented by Mark J. Dorval , Stradley, Ronon, Stevens & Young,
LLP.

Joseph D. Morris, Counter-Defendant, represented by Joel R.
Glucksman , Scarinci & Hollenbeck, LLC.

                    About Binder Machinery

Headquartered in South Plainfield, New Jersey, Binder Machinery Co,
LLC, is a seller of heavy construction machinery including
aggregate equipment, paving machines, cranes, telehandlers and
purpose-built material handlers.  Komatsu, Wirtgen, Hamm, Vogele,
Sennebogen, SANY, Kinshofer, and Chicago Pneumatic are among the
manufacturers for whom Binder and Rocbin Investment Corp., its
subsidiary, provide distributor services.

The Company was founded in 1957 by the late Walter Binder.  It
employs 87 individuals and enjoys a customer base of approximately
4,000 construction contractors.

Binder Machinery Co, LLC, sought Chapter 11 protection (Bankr.
D.N.J. Case No. 16-28015) on Sept. 20, 2016.  Judge Kathryn C.
Ferguson is assigned to the case.  The petition was signed by
Robert C. Binder, manager, chief executive officer.

The Debtor estimated assets and liabilities in the range of $10
million to $50 million.

The Debtor tapped Anne Marie Aaronson, Esq., and Catherine G.
Pappas, Esq., at Dilworth Paxson, LLP, as counsel.  Phoenix Capital
Resources serves as its financial advisor and investment banker.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors in the case.  The committee is represented by
Saul Ewing LLP.  CBIZ Accounting, Tax and Advisory of New York,
LLC, serves as the committee's financial advisor.


BORDEAUX FARMS: Aug. 22 Hearing on Disclosure Statement
-------------------------------------------------------
The hearing to consider the approval of the Disclosure Statement
explaining the Chapter 11 Plan of Reorganization of Bordeaux Farms,
LLC will be held at US Courthouse, Room 200, 255 W Main St.,
Charlottesville, VA 22902 on August 22, 2019 at 11:00 AM.

August 15, 2019 is fixed as the last date for filing and serving
written objections to the Disclosure Statement.

A full-text copy of the Disclosure Statement is available at
https://tinyurl.com/yxpcppp9 from PacerMonitor.com at no charge.

The Plan was filed by Stephen E. Dunn, Esq., in Forest, Virginia,
on behalf of the Debtor.

                   About Bordeaux Farms

Bordeaux Farms, LLC, based in Madison, VA, filed a Chapter 11
petition (Bankr. W.D. Va. Case No. 19-60607) on March 20, 2019.  In
the petition signed by Charles D. Warren, Jr., sole member, the
Debtor disclosed $1,116,800 in assets and $300,000 in liabilities.
The Hon. Rebecca B. Connelly oversees the case.  Stephen E. Dunn,
Esq., at Stephen E. Dunn, PLLC, serves as bankruptcy counsel.


BUCKNER FOODS: Authorized to Collect and Use Cash Collateral
------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
authorizes, on an interim basis, the use of cash collateral by
Buckner Foods, Inc., in the form of rental collections for the
month of June 2019 and all future months.  

Marilyn D. Garner, counsel for Buckner Foods, says Buckner can use
the cash collateral as follows:

   i. $700 to Dallas County for 2019 ad valorem taxes,
  ii. $100 for repairs and maintenance,
iii. adequate protection payments of $3,060 monthly to Cedartree
Holdings – Series I,
  iv. an operating expense payment variance of up to 20%, and
   v. fees and charges to U.S. Trustee.

Payments to Cedartree Holdings shall be mailed to its counsel,
Joyce Lindauer. Buckner Foods also is to provide Cedartree Holdings
with an updated monthly profit and loss report.

The Court ordered that cash collateral collected in excess of the
amount required to pay said operating expenses shall be deposited
to Buckner’s DIP account.

A final hearing on the Cash Collateral Motion is scheduled at 10
a.m. on August 12, 2019.

                       About Buckner Foods

Buckner Foods, Inc. sought Chapter 11 protection (Bankr. N.D. Tex.
Case No. 19-42307) on June 3, 2019.  The LAW OFFICE OF MARILYN D.
GARNER is the Debtor's counsel.



CAREERBUILDER LLC: Moody's Lowers CFR to B3, Outlook Stable
-----------------------------------------------------------
Moody's Investors Service downgraded CareerBuilder, LLC's ratings,
including its Corporate Family Rating to B3 from B2 and its
Probability of Default Rating to B3-PD from B2-PD. At the same
time, Moody's downgraded the instrument ratings on the company's
senior secured first lien credit facilities to B3 from B2. The
outlook is stable.

The downgrade to B3 largely reflects Moody's expectation for
CareerBuilder's revenue to continue to decline over the next 12
months, as Moody's expects the operating environment to remain
highly competitive, and the company's aggressive financial policies
as evidenced by its intention to pay a $30 million dividend with
available cash on hand. The company's Talent Acquisition segment,
which accounts for two-thirds of revenue, continues to decline
markedly. While the company is growing its services and software
offerings, Moody's does not expect growth from these segments to be
robust enough to prevent continued earnings erosion over the next
12 months.

The stable outlook reflects Moody's expectation for continued good
liquidity including positive free cash flow in the $30 million to
$40 million range. The stable outlook also acknowledges the lack of
any near-term debt maturities which provides the company with time
to stabilize the ongoing revenue declines.

Moody's took the following rating actions:

Downgrades:

Issuer: CareerBuilder, LLC

Corporate Family Rating, Downgraded to B3 from B2

Probability of Default Rating, Downgraded to B3-PD from B2-PD

Senior Secured First Lien Term Loan, Downgraded to B3 (LGD3) from
B2 (LGD3)

Senior Secured First Lien Revolving Credit Facility, Downgraded to
B3 (LGD3) from B2 (LGD3)

Outlook Actions:

Issuer: CareerBuilder, LLC

Outlook, Remains Stable

RATINGS RATIONALE

CareerBuilder's B3 CFR broadly reflects the company's weakening
market position and ongoing revenue declines, balanced to some
extent by its strong credit metrics and still good liquidity.
CareerBuilder operates an online job board which has seen
meaningful share erosion over the past few years owing to increased
competition from a suite of larger, better-capitalized peers.
Moody's expects revenue to continue to decline in the low-teens
percentage range over the coming 12 months. Moody's also
anticipates that earnings, which have until recently held up thanks
to cost cuts, will follow suit, declining at a faster rate.
Nevertheless, the company's credit metrics remain very strong for
the rating category. CareerBuilder's still good liquidity and a
lack of near-term maturities provides runway with which to
stabilize revenue and earnings. Financial policies are likely to
continue to be aggressive as the financial sponsors have extracted
close to their full initial investment by taking out now three
dividends to date.

While unlikely in the near-term, the ratings could be upgraded if
CareerBuilder can successfully stabilize revenue and earnings while
maintaining credit metrics at their current levels (debt-to-EBITDA
below 2.5x and EBITA/Interest greater than 3.0x).

The ratings could be downgraded if revenue declines continue,
earnings continue to erode, liquidity weakens, the company begins
to repurchase debt on the secondary market at a discount, or if a
balance sheet restructuring of some kind seems increasingly
likely.

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

Headquartered in Chicago, IL and controlled by Apollo,
CareerBuilder operates a well-known online job board and is
increasingly offering human capital management related services and
software. Revenues were around $574 million for the twelve months
ended March 31, 2019.


CEC ENTERTAINMENT: Moody's Rates Proposed 1st Lien Loans 'B2'
-------------------------------------------------------------
Moody's Investors Service assigned B2 ratings to CEC Entertainment,
Inc.'s proposed first lien senior secured revolving credit facility
and $760 million first lien senior secured term loan. The company's
B3 Corporate Family Rating, B3-PD Probability of Default Rating,
and Caa2 rated 8% senior unsecured notes were confirmed. The
company's Speculative Grade Liquidity Rating was affirmed at SGL-2,
and the outlook is stable.

Proceeds from the proposed $760 million first lien senior secured
term loan will be used to refinance the company's existing term
loan, put approximately $18 million of cash to the balance sheet,
and pay related fees and expenses. The company's existing B2 rated
senior secured revolver and B2 rated term loan were confirmed and
will be withdrawn upon the close of the proposed transaction. The
ratings are subject to the execution of the proposed refinancing
transaction and Moody's receipt and review of final documentation.

The action concludes the review for upgrade initiated on 4/10/2019.
The company's previously announced business combination with Leo
Holdings Corp, which would have resulted in CEC becoming a public
company with reduced leverage levels, was terminated 7/29/2019.

The confirmation of the company's B3 CFR considers the benefits of
the proposed refinancing transaction, including pushing out the
company's debt maturity profile. "Although the company's leverage
remains high, the confirmation considers the company's good
liquidity profile, and Moody's expectation for credit metric
improvement from positive same store sales resulting from remodels
and new store growth, as well as initiatives such as all you can
play", stated Adam McLaren, Moody's analyst.

Assignments:

Issuer: CEC Entertainment, Inc.

Gtd Senior Secured 1st Lien Revolving Credit Facility, Assigned B2
(LGD3)

Gtd Senior Secured 1st Lien Term Loan, Assigned B2 (LGD3)

Outlook Actions:

Issuer: CEC Entertainment, Inc.

Outlook, Changed To Stable From Rating Under Review

Confirmations:

Issuer: CEC Entertainment, Inc.

Probability of Default Rating, Confirmed at B3-PD

Corporate Family Rating, Confirmed at B3

Senior Secured Bank Credit Facility, Confirmed at B2 (LGD3)

Senior Unsecured Regular Bond/Debenture Confirmed at Caa2 (LGD5)

Affirmations:

Issuer: CEC Entertainment, Inc.

Speculative Grade Liquidity Rating, Affirmed SGL-2

RATINGS RATIONALE

CEC Entertainment is constrained by its high leverage and weak
coverage, with debt/EBITDA in the mid 6 times range and
EBIT/interest expense around 1.0x, driven in part by the debt
financed leveraged buyout by an affiliate of Apollo Investments in
February 2014. The ratings also incorporate the company's high
seasonality of earnings in the first quarter and store
concentration in California, Texas and Florida. While competition
and increasing labor costs remain a headwind, the company's guest
experience and technology investments, such as PlayPass, have led
to an improving same store sales trend. The rating also reflects
its expectation that credit metrics will improve over the next 12
to 18 months due to modestly higher earnings and some debt
repayment. Free cash flow will also be used to remodel existing
store locations as well as open new locations thereby increasing
EBITDA. The ratings are supported by CEC's meaningful scale, its
good EBITDA margins relative to similarly rated peers, reasonable
level of brand awareness, and good liquidity profile.

The stable outlook reflects Moody's view that debt protection
metrics will gradually improve over the next 12 to 18 months as
existing units are remodeled. The stable outlook also reflects that
CEC Entertainment will continue to have good liquidity.

Factors that could result in a downgrade include a deterioration in
liquidity for any reason or same store sales trends weaken. A
further deterioration in credit metrics from current levels could
also result in a downgrade, including debt to EBITDA over 6.75
times and EBIT coverage of interest maintained below 1 time.

Factors that could result in an upgrade include a sustained
improvement in earnings driven by positive operating trends and
lower costs. Specifically, an upgrade would require EBIT coverage
of interest expense above 1.5 times and debt to EBITDA around 5.75
times on a sustained basis. A higher rating would also require good
liquidity.

CEC Entertainment, Inc., headquartered in Irving, Texas, owns,
operates, and franchises a total of 606 Chuck E. Cheese stores and
142 Peter Piper Pizza locations that provide family-oriented dining
and entertainment. CEC is wholly owned by an affiliate of Apollo
Global Management, LLC. Revenue for the last twelve-month period
ended 3/31/2019 (including franchise fees and royalties) was
approximately $915 million.


CLAIRE'S STORES: S&P Assigns 'B' ICR on Recapitalization
--------------------------------------------------------
S&P Global Ratings assigned its 'B' issuer credit rating to
Claire's Stores Inc. and its 'B' issue-level rating and '3'
recovery rating to the company's proposed $700 million term loan B
maturing in 2026.

Claire's Stores, a value-priced jewelry and fashion accessories
retailer, is refinancing its Chapter 11 reorganization capital
structure and reducing amounts due to its parent under a promissory
note.

S&P said, "Our ratings reflect Claire's significantly reduced
leverage post Chapter 11 reorganization. Claire's debt for the
proposed recapitalization are about 70% below its pre-petition
Chapter 11 filing in 2018. Its improved leverage profile results in
significantly lower debt service requirements and what we consider
to be a sustainable capital structure. With our cash flow forecast,
we expect leverage declining to the low-4x area by year-end 2020 on
voluntary debt reduction, from about 4.7x at closing of the
proposed transaction.

"The stable outlook on Claire's reflects our view that performance
will remain almost stable over the next year, with modestly
positive revenues and profit gains. We expect the company will use
excess cash flows for debt repayment.

"We could lower the ratings if we believe Claire's will maintain
leverage above 5x. This could occur from business missteps
including merchandise issues, intensified competitive pressures, or
weakening macroeconomic conditions. An increase in leverage could
also occur if the company issues debt to pay a dividends to the
sponsors.

"While unlikely over the next year, we could raise the ratings if
leverage declines to below 4x and we believe debt-funded dividends
are unlikely. Under this scenario, Claire's performance would
exceed our expectations from solid business execution such that
EBITDA margin rises by 250 basis point or more. We would also have
to be convinced that the company's business model would withstand a
weak economic environment without a material impairment to
earnings."


CRYPTO COMPANY: Financial Condition Casts Going Concern Doubt
-------------------------------------------------------------
The Crypto Company filed its quarterly report on Form 10-Q,
disclosing a net loss of $336,638 on $3,975 of net total revenue
for the three months ended March 31, 2019, compared to a net loss
of $2,145,192 on $0 of net total revenue for the same period in
2018.

At March 31, 2019, the Company had total assets of $643,415, total
liabilities of $1,254,826, and $611,411 in total stockholders'
deficit.

The Company has incurred significant losses and experienced
negative cash flows since Inception.  As of March 31, 2019, the
Company had cash of $481,226, a decline of $3,197,503 from the
March 31, 2018 balance of $3,678,730.  In addition, the Company's
net loss before provision for income taxes was $18,903,249 for the
year ended December 31, 2018, and $350,804 for the three months
ended March 31, 2019.  The Company's working capital was negative
($416,005) as of March 31, 2019.

During 2018, the Company liquidated a majority of its investments
in cryptocurrency.  In addition, on January 2, 2019, the Company
sold its equity interest in CoinTracking GmbH for $2,200,000, of
which (i) $1,000,000 was received in cash and (ii) $1,200,000 was
applied toward the repayment of an outstanding loan in the amount
of $1,500,000 from CoinTracking GmbH.  The cash received from the
liquidation of the Company's investment in cryptocurrency helped
fund the Company's operations during 2018, and the funds received
from the sale of CoinTracking GmbH will be used to help fund
operations in 2019.

As of March 31, 2019, the accumulated deficit amounted to
$28,793,187.

Chief Executive Officer Ron Levy and Chief Financial Officer Ivan
Ivankovich said, "As a result of the Company's history of losses
and financial condition, there is substantial doubt about the
ability of the Company to continue as a going concern."

According to Messrs. Levy and Ivankovich, the ability to continue
as a going concern is dependent upon the Company generating
profitable operations in the future and/or obtaining the necessary
financing to meet its obligations and repay its liabilities arising
from normal business operations when they come due.  Management is
evaluating different strategies to obtain financing to fund the
Company's expenses and achieve a level of revenue adequate to
support the Company's current cost structure.  Financing strategies
may include, but are not limited to, private placements of capital
stock, debt borrowings, partnerships and/or collaborations.

Messrs. Levy and Ivankovich added that there can be no assurance
that any of these future-funding efforts will be successful or that
the Company will be able to replace the revenues lost as a result
of the sale of CoinTracking GmbH, in 2019 and beyond.

A copy of the Form 10-Q is available at:

                       https://is.gd/PxoVgg

The Crypto Company develops proprietary source code for digital
assets with diversified exposure to digital asset markets.  It also
invests in technologies and tokens that diversifies exposure to the
growing class of digital assets.  The company was founded in 2017
and is based in Malibu, California.  As of June 7, 2017, The Crypto
Company operates as a subsidiary of Crypto Sub, Inc.



DCERT BUYER: Fitch Assigns 'B' LongTerm IDR, Outlook Stable
-----------------------------------------------------------
Fitch Ratings has assigned first-time 'B' Long-Term Issuer Default
Rating to DCert Buyer, Inc. The Rating Outlook is Stable. Fitch has
also assigned a first-time 'BB-'/'RR2' rating to the $125 million
secured revolving credit facility and $1.55 billion first lien term
loan. The proceeds, along with a second lien term loan and equity
contribution from TA Associates and Clearlake Capital Group, will
be used for the acquisition of Thoma Bravo and Symantec
Corporation's stakes in DigiCert and repayment of DigiCert's
existing $1.8 billion debt.

DigiCert announced on July 9, 2019 plans to be acquired by TA
Associates and Clearlake Capital Group. The second lien term loan
is not being rated.

KEY RATING DRIVERS

Strong Position in Niche Segment: With the acquisition of Symantec
Corp. website security service in 2017, DigiCert has effectively
consolidated the Certificate Authorities (CA) industry with a solid
leading position, and an even stronger position in the core
Extended Validation (EV) and Organizational Validation (OV)
segments. The industry is expected to grow in the high single
digits in the near term, with EV and OV growing at near 10%, and
Domain Validation (DV) at mid-single-digits.

Limited Technology Obsolescent Risks: With increasing information
being exchanged over the internet, the need to ensure data security
will continue to rise. SSL security provides an important layer of
security by verifying and authenticating websites being accessed,
and encrypting data being transported over the internet. Fitch
believes SSL technology will be continuously enhanced, including
adaptation for quantum computing, by building on the existing
foundations to ensure full backward compatibility rather than being
replaced by new disruptive technologies; this tends to favor
incumbents such as DigiCert.

Benefits from New Access Platforms: While access to internet data
has evolved from browsers to mobile applications, and increasingly
to Internet of Things, SSL technology provides the versatility to
secure data across various access platforms. Fitch expects
applications of SSL technology to continue to grow along with new
access platforms and devices.

Browser Lifecycle a High Entry Barrier: CAs need to be embedded
into various available browsers, which could result in new CAs
being incompatible with outdated browsers, as it could take five to
10 years for older browsers to be eliminated from the market.
Without full compatibility with all existing browsers, the value of
certificates issued by new CAs diminishes, limiting acceptance by
websites that subscribe to CA service. Fitch believes the inability
to be fully compatible is an effective entry barrier.

Recurring Revenue and Strong Profitability: Consistent with
historical revenue trends, DigiCert revenue is expected to be 100%
subscription-based with 100% net retention rate. This results in a
highly predictable operating profile for the company. Given the
concentrated industry structure and high entry barriers, Fitch
expects DigiCert to sustain strong profitability.

Ownership Could Limit Deleveraging: Post the transaction, DigiCert
will be majority owned by private equity firms Clearlake and TA
Associates. Fitch believes private equity ownership is likely to
result in some level of ongoing leverage to optimize ROE. Fitch
expects the company to gradually delever through EBITDA growth;
however, prepayment of debt could be limited given the ownership
structure that could prioritize ROE optimization.

DERIVATION SUMMARY

DigiCert Holdings, Inc. is a CA that enables trusted communications
between website servers and terminal devices such as browsers and
smartphone applications. Increasingly, applications are expanding
to include IoT terminal devices. A CA verifies and authenticates
the validity of websites and their hosting entities, and
facilitates the encryption of data on the internet. CA services are
100% subscription-based, and generally recurring in nature.
DigiCert is the revenue market share leader in the space after
acquiring Symantec's Website Security Services in 2017. The merger
combined DigiCert's technology platform with Symantec's large
customer base resulting in a robust operating profile. The 'B' IDR
reflects Fitch's view that DigiCert's gross leverage that is
consistent with 'B' rating category peers with solid operating
profiles. Despite the strong profitability, Fitch believes the
private equity ownership is likely to prioritize ROE optimization
over accelerated deleveraging resulting in gross leverage remaining
elevated at approximately 6x.

Fitch's ratings on DigiCert reflect its view of the resilience and
the predictability of DigiCert's revenue and profitability as a
result of the continuing demand for trust over the internet.
DigiCert has solidified its strong position in the segment as
illustrated through the company's operating profile. Within the
broader internet security segment, Symantec Corporation
(BB+/Stable) is also a leader in its space; Symantec has larger
scale and lower financial leverage than DigiCert; however, Symantec
operates in a more competitive space and does not have the dominant
position as DigiCert has in its niche space as reflected in their
respective profit margins.

KEY ASSUMPTIONS

  -- Revenue growth in the mid- to high-single-digits;

  -- EBITDA margins remaining stable;

  -- Capex at 2.5%-3.0% of revenue;

  -- Dividend to the parents of $200 million in 2021 funded with
cash on balance sheet;

  -- Aggregate acquisitions of $200 million through 2022 funded
with cash on balance sheet.

In estimating a distressed EV for DigiCert, Fitch assumed a 10%
revenue decline due to customer churn and margin compression on
lower revenue scale resulting in a going concern EBITDA that is
approximately 20% lower relative to fiscal 2020 EBITDA. As
DigiCert's business model depends on the ability to provide trust
supported by its technology infrastructure, customer churn could
rise in times of distress. Fitch applies a 7.0x multiple and a 10%
administration claim to arrive at an adjusted EV of $1,502 million.
The multiple is higher than the median TMT enterprise value
multiple due to the company's strong market positioning that is
reflected in its profitability. In the 21st edition of Fitch's
Bankruptcy Enterprise Values and Creditor Recoveries case studies,
Fitch notes nine past reorganizations in the Technology sector with
recovery multiples ranging from 2.6x to 10.8x. DigiCert's operating
profile is supportive of a recovery multiple in the upper-bound of
this range. The company's revolving credit facility and first-lien
secured debt are rated 'BB-'/'RR2'.

RATING SENSITIVITIES

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

  -- Fitch's expectation of forward total debt with equity
credit/operating EBITDA sustaining below 6.0x or FFO adjusted
leverage sustaining below 6.5x;

  -- EBITDA and FCF margins remain stable;

  -- Revenue growth mid-single-digits, implying stable market
position.

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

  -- FFO Fixed Charge Coverage below 1.5x;

  -- Fitch's expectation of forward total debt with equity
credit/operating EBITDA sustaining above 7.5x or FFO adjusted
leverage sustaining above 8.0x;

  -- Sustained negative revenue growth;

  -- Sustained erosion of EBITDA and FCF margins.


DELTA VISION: Court Approves Cash Use Until Aug. 30
---------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of North Carolina
approves, on an interim basis, the request of Delta Visions to use
cash collateral in the ordinary course of its business based on a
Court-approved budget through the earliest of (i) August 30, 2019,
(ii) the entry of a further interim order authorizing the use of
cash collateral, (iii) the entry of an order denying or modifying
the use of cash collateral, (iv) the occurrence of default, or (v)
the occurrence of a termination event.

Based on a cash budget submitted to the Court, Delta is authorized
to pay(i) $2,875 in operating expenses for the month of August
2019, and as adequate protection, (ii) $2,585 to the North Carolina
Community Development Initiative Capital (NCCD), and (iii) $570 to
the City of Winston-Salem, payable on or before August 1, 2019.
Delta Visions can pay up to 10% of any one line item, over the
budgeted amount, as the need arises, but no greater than 10% of the
overall budget.

The Court further says that:

  * Delta Visions shall timely pay all insurance premiums related
to the collateral securing the claims of NCCD and the City of
Winston-Salem.

  * Delta Visions’ debts shall survive the interim order until
the earlier of a termination event, such as:

  a. the confirmation of a Chapter 11 plan in its proceeding;
  b. The conversion of the case to another Chapter of the
Bankruptcy Code;
  c. The entry of further Court orders regarding the matter; or
  d. The dismissal of this proceeding.

In the event Delta Visions defaults in complying the adequate
protection, notice shall be served upon the Bankruptcy
Administrator and counsel for the committee formed in its case by
facsimile or electronic mail to Robert Price at
Robert_e_price@ncmba.uscourts.gov and Sarah Bruce at
Sarah_Bruce@ncmba.uscourts.gov

A further interim hearing on the cash collateral motion is set on
August 28, 2019 at 11 a.m. at the U.S. Bankruptcy Court in
Winston-Salem, North Carolina.

                      About Delta Visions

Delta Visions is a non-profit entity incorporated in 1997 that
operates a mobile home park for lease.

Delta Visions sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D.N.C. Case No. 19-50678) on June 28, 2019.  The
case is assigned to Judge Catharine R. Aron.  The Debtor is
represented by Ivey, McClellan, Gatton & Siegmund.

Counsel to Debtor’s secured creditors can be reached at:

         North Carolina Community Development Initiative Capital,
Inc.
         Attn: Officer/Managing Agent
         5800 Faringdon Place
         Raleigh, NC 27609

         Ashley Rusher
         Obo North Carolina Community Development Initiative
Capital, Inc.
         110 South Stratford Road, Suite 500
         Winston Salem, NC 27104-4299

         City of Winston Salem
         Attn: Angela Carmon
         John R. Lawson
         P.O. Box 2511
         Winston-Salem, NC 27102


ELWOOD ENERGY: S&P Alters Outlook to Pos., Affirms BB+ Debt Rating
------------------------------------------------------------------
S&P Global Ratings revised its outlook on Illinois-based Elwood
Energy LLC to positive from stable and affirmed its 'BB+'
issue-level rating on the company's senior secured debt.

The outlook revision reflects the project's robust debt service
coverage ratios (DSCR), which are currently somewhat higher than
previously projected. This is due to a downward revision to S&P's
natural gas price assumptions and higher revenues because of a
Black Start contract, under which Elwood will receive incremental
payments as of May 2020.

The positive outlook reflects S&P's view that ComEd continues to
clear at the higher end of the range of PJM prices. S&P expects
this, coupled with the project's fully amortizing debt profile,
could result in projected minimum DSCR exceeding 2.1x if capacity
prices clear above our forecast.

S&P could revise the outlook to stable if the minimum DSCR dropped
below 2.0x because of lower projected cash flow available for debt
service (CFADS). This could result from a downward revision to
capacity and/or energy prices. A price decline would likely be
driven by falling demand and/or increased incremental supply in the
ComEd power market. CFADS would also be affected if expenditures
were to be revised upwards.

S&P could raise the rating if it believes that financial
performance results in the minimum DSCR exceeding 2.1x. PJM
capacity prices greater than its forecast could cause this.


EMPOWER CLINICS: Says Going Concern Doubt Exists at March 31, 2019
------------------------------------------------------------------
Empower Clinics Inc. filed its Form 6-K, disclosing a net loss and
comprehensive loss of $398,541 on $152,846 of revenues for the
three months ended March 31, 2019, compared to a net loss and
comprehensive loss of $838,748 on $302,142 of revenues for the same
period in 2018.

At March 31, 2019, the Company had total assets of $2,417,099,
total liabilities of $5,464,823, and $3,047,724 in total
shareholders' deficit.

As at March 31, 2019, the Company has an accumulated deficit of
$9,293,462 ($9,369,941 at December 31, 2018).  The Company's
operations are mainly funded with equity and debt financing, which
is dependent upon many external factors, and thus funds may be
difficult to raise when required.

The Company stated that management continues to evaluate the need
for additional financing and is of the opinion that additional
financing will be available to continue its planned activities in
the normal course.  Nonetheless, there is no assurance that the
Company will be able to raise sufficient funds in the future to
complete its planned activities.

The Company further said, "The foregoing indicates the existence of
a material uncertainty that may cast substantial doubt as to
whether the Company would continue as a going concern and realize
its assets and settle its liabilities and commitments in the normal
course of business."

A copy of the Form 6-K is available at:

                       https://is.gd/zb2VyH

Empower Clinics Inc. owns and operates physician-staffed medical
cannabis clinics in the United States. The company enables
individuals to improve and protect their health. It also develops
and sells Sollievo cannabidiol products, such as lotion, balms,
tinctures, gel caps, pain patches, and an e-drink. The company was
incorporated in 2015 and is headquartered in Portland, Oregon.



FAME ASSISTANCE: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: FAME Assistance Corporation, a Non Profit Corp.
        1968 W. Adams Boulevard
        Los Angeles, CA 90018

Business Description: FAME Assistance Corporation, a nonprofit
                      corporation, was created in 1992 to serve as
                      a platform for serving the community and
                      enriching the lives of residents of Los
                      Angeles County.  Today, FAME serves over
                      1,000,000 people annually through its
                      diverse portfolio of programs, services and
                      initiatives, including the Low Income Fare is

                      Easy Program, The Job Access and Reverse
                      Commute Program, UCLA-Smokefree Air for
                      Everyone, and Training Resource Center.

Chapter 11 Petition Date: July 31, 2019

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Case No.: 19-18900

Judge: Hon. Neil W. Bason

Debtor's Counsel: Peter T. Steinberg, Esq.
                  STEINBERG, NUTTER & BRENT, LAW CORPORATION
                  23801 Calabasas Rd Ste 2031
                  Calabasas, CA 91302
                  Tel: 818-876-8535
                  Fax: 818-876-8536
                  Email: mr.aloha@sbcglobal.net

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Edgar E. Boyd, president and CEO.

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

            http://bankrupt.com/misc/cacb19-18900.pdf

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount

   ------                          ---------------    ------------
1. West Adams LLC                                       $5,698,111
Apex Realty, Inc.
& BRG Adams, LLC
c/o Freeman & Taitelman
1901 Avenue of the Stars, Suite 500
Los Angeles, CA 90067

2. Denise Brown, Dean E.                                  $800,000
Brown, Solon Escobar,
c/o Navid Soleymani, Esq.
Yadegar, Minoofar &
Soleymani, LLP
1875 Century Park East
Suite 1240
Los Angeles, CA 90067

3. Ivie, McNiel & Wyatt                                   $173,275
444 S. Flower Street, Suite 1800
Los Angeles, CA 90071

4. Citi Bank, N.A.                                         $80,000
(Clas-Pas-04-02)
PO Box 7110
Pasadena, CA 91109

5. Los Angeles County Tax Collector                        $79,246
PO Box 54110
Los Angeles, CA
90054-0110

6. Gyl                                                     $55,732
4120 Councours Street, Suite 100
Ontario, CA 91764

7. LA DWP                         Addt'l Account           $29,110
PO Box 30808                     No. 514-750-0000
Los Angeles, CA 90030

8. Computerized Business Solution                          $16,341
1234 Greenhaven Avenue
San Dimas, CA 91773

9. Citi National Bank                                      $10,000
Credit Card Processing Center
File 1355
Pasadena, CA 91199

10. Soltman, Levitt & Flaherty                              $5,725
2535 Townsgate Road
Suite 307
Westlake Village, CA 91361

11. Tri Star Interiors                                      $5,193
20800 Dearborn Street
Chatsworth, CA 91311

12. I-Seeed                                                 $3,473
1625 Clay Street, Suite 600
Oakland, CA 94612

13. Jose Navarro Lanscaping                                 $3,059
1507 S. Magnolia Avenue #6
Los Angeles, CA 90006

14.ETR
100 Enterprise Way                                          $2,339
Suite G300
Scotts Valley, CA 95066

15. Delta Fire Equipment                                    $1,785
15500 Erwin Street, Suite 106
Van Nuys, CA 91411

16. Staples Business Advantage                              $1,300
Dept LA
PO Box 83689
Chicago, IL 60696

17. Daily Breeze                                              $700
PO Box 65210
Colorado Springs
CO 80962

18. Raider Fire Protection                                    $286
PO Box 7802
Mission Hills, CA 91346

19. Enrique Leon                                              $200
10304 Rosewood Avenue
South Gate, CA  90280

20. John S. Hayden, Esq.                                        $0
Harris & Associates
865 S. Figueroa Street
Suite 2750
Los Angeles, CA 90017


FIRST DATA: Moody's Withdraws Ba3 CFR Due to Fiserv Transaction
---------------------------------------------------------------
Moody's Investors Service withdrew all the ratings for First Data
Corporation upon the closing of the acquisition of First Data by
Fiserv, Inc. (Fiserv, Baa2 stable) and the repayment of First
Data's rated debt instruments.

The following ratings were withdrawn:

Withdrawals:

Issuer: First Data Corporation

Corporate Family Rating, Withdrawn , previously rated Ba3

Probability of Default Rating, Withdrawn , previously rated Ba3-PD

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

Senior Secured Bank Credit Facility, Withdrawn , previously rated
Ba2 (LGD3)

Senior Secured First Lien Notes, Withdrawn , previously rated Ba2
(LGD3)

Senior Secured Second Lien Notes, Withdrawn , previously rated B2
(LGD5)

Outlook Actions:

Issuer: First Data Corporation

Outlook, Changed To Rating Withdrawn From Rating Under Review


FLEMING STEEL: Court Partly Grants JEG Bid for Summary Judgment
---------------------------------------------------------------
District Judge Nora Barry Fischer granted in part and denied in
part Defendant Jacobs Engineering Group's motion for summary
judgment in the case captioned FLEMING STEEL CO., Plaintiff, v.
JACOBS ENGINEERING GROUP, INC., Defendant, Civ. A. No. 16-727 (W.D.
Pa.).

This diversity action arises from a business arrangement between an
architectural/engineering design management company, Defendant
Jacobs Engineering Group, and a manufacturer which specializes in
the custom design and fabrication of hangar doors, Plaintiff
Fleming Steel Company, involving the procurement of two Navy
projects for the construction of an aircraft hangar at Andersen Air
Force Base in Guam. After the Navy failed to approve Fleming as the
sole source for the manufacture of a component part--the
blast-rated hangar doors, Fleming initiated this action against
Jacobs seeking damages and restitution on various claims. At this
juncture, the only remaining claims consist of breach of an oral
contract, negligent misrepresentation, and unjust enrichment.

On the breach of contract claim, the Court concludes that no
rational jury would find that the alleged oral agreement formed
with regard to Project 3010 included Project 3027. Fleming has
failed to identify any relevant evidence to show that Project 3027
was discussed or contemplated during the parties' oral
communications which form the basis of their alleged oral
agreement. As such, the Court finds that Jacobs is entitled to
summary judgment on Fleming's breach of contract claim as to
Project 3027.

Jacobs has also moved for summary judgment on Fleming's negligent
misrepresentation claim.14 In support, Jacobs argues that Fleming's
negligent misrepresentation claim fails as a matter of law because
(1) it is barred under Pennsylvania's economic loss doctrine; and
(2) Fleming's reliance on Jacobs' alleged misrepresentations was
not justifiable. In the alternative, Jacobs asks the Court to grant
partial summary judgment limiting Fleming's available damages.

The Court finds that the economic loss doctrine bars Fleming's
negligent misrepresentation claim against Jacobs. As such, the
Court need not reach Jacobs' additional arguments in support of its
motion for summary judgment on Fleming's negligent
misrepresentation claim. Accordingly, the Court finds that Jacobs
is entitled to summary judgment in its favor on Fleming's negligent
misrepresentation claim.

Jacobs also asked the Court to enter summary judgment in its favor
on Fleming's unjust enrichment claim on the basis that (1) Fleming
has failed to adduce evidence quantifying the "reasonable value" of
its services; and (2) establishing the "reasonable value" of its
services requires expert testimony, which Fleming does not have.
Here, the Court does not find any merit to Jacobs' arguments.
Fleming has retained an expert who may be able to testify as to the
reasonableness of the value of the design services. Based on ATACS
Corp., it is premature for the Court to conclude at the summary
judgment stage that Fleming cannot establish the reasonable value
of its design services to Jacobs, either through Seth Kohn and/or
expert witness David Pearson. Accordingly, the Court denies Jacobs'
motion for summary judgment on Fleming's unjust enrichment claim.

In sum, the Court grants Jacob's Motion for Summary Judgment as to
Count I -- breach of contract as to Project 3027 only, and Count II
-- negligent misrepresentation. The Court denies the motion as to
Count I -- breach of contract claim as to Project 3010 only, and
Count VI -- unjust enrichment.

A copy of the Court's Memorandum Opinion dated March 15, 2019 is
available at https://bit.ly/2YvlwTI from Leagle.com.

Alan E. Cech, Murtagh, Hobaugh & Cech, LLC, Wexford, PA, John M.
Manfredonia, Pro Hac Vice, Manfredonia Law Offices, LLC, Cresskill,
NJ, for Plaintiff.

David J. Berardinelli, DeForest Koscelnik Yokitis Skinner &
Berardinelli, Pittsburgh, PA, Michael K. Ross, Pro Hac Vice, Paul
Rauser, Pro Hac Vice, Serine Consolino, Pro Hac Vice, Aegis Law
Group LLP, Washington, DC, for Defendant.

                About Fleming Steel

Based in New Castle, PA, Fleming Steel Company filed for chapter 11
bankruptcy protection (Bankr. W.D. Pa. Case No. 11-22292) on April
11, 2011, with estimated assets and estimated debts of $1,000,001
to $10,000,000 respectively. The petition was signed by Seth Kohn,
president.


FUTURELAND CORP: Continued Losses Cast Going Concern Doubt
----------------------------------------------------------
FutureLand, CORP. filed its quarterly report on Form 10-Q,
disclosing a net loss of $105,320 on $0 of revenue for the three
months ended March 31, 2019, compared to a net loss of $257,560 on
$0 of revenue for the same period in 2018.

At March 31, 2019, the Company had total assets of $1,056,463,
total liabilities of $1,056,462, and $101,908 in total
stockholders' deficit.

At March 31, 2019 and December 31, 2018, the Company had $0 and $29
in cash, respectively, and $(29) and $135,374 in negative working
capital, respectively.  For the three months ended March 31, 2019
and December 31, 2018, the Company had a net loss of $105,320 and
$257,560, respectively.  Continued losses may adversely affect the
liquidity of the Company in the future.  Therefore, the factors
noted above raise substantial doubt about our ability to continue
as a going concern.

A copy of the Form 10-Q is available at:

                       https://is.gd/CJXwNI

FutureLand, CORP., through its subsidiary, FutureLand Properties,
operates as an agricultural land lease company. It serves the
industrial hemp, legal medical marijuana, and recreational cannabis
markets. The company is based in Saint Petersburg, Florida.



GHOTRA INC: Sept. 9 Hearing on Disclosure Statement
---------------------------------------------------
The hearing to consider the approval of the disclosure statement
explaining the Chapter 11 Plan of Ghotra Inc., dba Best Western Sam
Houston, will be held at the United States Courthouse, Bob Casey
Federal Building, 515 Rusk Ave., Houston, Texas, on September 9,
2019, at 3:00 P.M.  September 2, 2019 is fixed as the last day for
filing and serving written objections to the disclosure statement.

                      About Ghotra Inc.

Ghotra Inc. is a privately held company that operates in the
traveler accommodation industry. The Best Western Plus Sam Houston
Inn & Suites is designed to meet the needs of both the corporate
and leisure traveler with each room offering standard features such
as complimentary Internet connectivity, micro-fridge, coffee maker,
full size ironing board and iron, hairdryer, work desk and a
37-inch HD LCD television. In addition, the Hotel offers a business
center, fitness room, guest laundry, meeting room, outdoor pool,
and a breakfast and coffee each morning.  For more information,
visit https://www.bestwestern.com

Ghotra Inc., based in Houston, TX, filed a Chapter 11 petition
(Bankr. D. Tex. Case No. 19-31586) on March 25, 2019.  In the
petition signed by Vikram Singh, president, the Debtor estimated $1
million to $10 million in both assets and liabilities.  The Hon.
Eduardo V. Rodriguez oversees the case.  Joyce W. Lindauer, Esq.,
at Joyce W. Lindauer Attorney, PLLC, serves as bankruptcy counsel.


GRANITE TACTICAL: Bankr. Administrator Seeks Committee Members
--------------------------------------------------------------
The U.S. Bankruptcy Administrator on July 30 filed a notice of
opportunity to serve on an official committee of unsecured
creditors in the Chapter 11 case of Granite Tactical Vehicles,
Inc.

Interested parties are directed to furnish to the Court the name of
their duly authorized representative (employee) who will represent
the unsecured creditor on the committee.

The responses must be sent in care of:

     William P. Miller
     U.S. Bankruptcy Administrator
     Attn: Ms. Gattis
     101 S. Edgeworth Street
     Greensboro, N. C. 27401
     Fax: 336-291-9913
     Email: susan_gattis@ncmba.uscourts.gov

As committee members must be willing to serve, if no reply is
received by August 10, the creditor will not be appointed to the
committee.  An organizational meeting will be scheduled after the
committee is appointed.

Granite Tactical Vehicles, Inc., filed a voluntary Chapter 11
petition (Bankr. M.D.N.C. Case No. 19-50775) on July 30, 2019, and
is represented by Dirk W. Siegmund, Esq., at Ivey, McClellan,
Gatton & Siegmund, in Greensboro, North Carolina.  The case is
assigned to Hon.  Benjamin A. Kahn.  At the time of filing, the
Debtor had estimated assets of $1,000,001 to $10 million and
estimated liabilities of $100,001 to $500,000.


GROUP 1 AUTOMOTIVE: Moody's Affirms Ba1 Corp. Family Rating
-----------------------------------------------------------
Moody's Investors Service affirmed all ratings of Group 1
Automotive, Inc., including the Ba1 Corporate Family Rating, Ba1-PD
Probability of Default Rating and Ba2 senior unsecured rating. The
company's Speculative Grade Liquidity rating of SGL-2 was also
affirmed. The outlook is stable.

"Group 1 has demonstrated that it can grow sensibly and profitably
both in the US and abroad, and has also extended its reach into the
collision subsegment, which we view as a logical step," stated
Moody's Vice President Charlie O'Shea. "It continues to heighten
its focus on the used vehicle segment, which provides greater
overall profitability than new, and also offers downside protection
in a softening new vehicle sales environment," continued O'Shea.
"The flexibility of its business model was put on display during
the recession, and is being tested again now as Brexit-related
issues are causing recent softness in the UK," added O'Shea.
"Financial policy remains a positive rating factor as it has
remained well-balanced between shareholder and debtholder
interests."

Outlook Actions:

Issuer: Group 1 Automotive, Inc.

Outlook, Remains Stable

Affirmations:

Issuer: Group 1 Automotive, Inc.

Probability of Default Rating, Affirmed Ba1-PD

Speculative Grade Liquidity Rating, Affirmed SGL-2

Corporate Family Rating, Affirmed Ba1

Senior Unsecured Regular Bond/Debenture, Affirmed Ba2 (LGD5)

RATINGS RATIONALE

Group 1's credit profile (Ba1 stable) considers its geographic
diversity, with a meaningful and growing UK operation augmenting
its sizeable US business, its foothold in Brazil, its flexible
operating model, with relatively unpredictable new car
profitability exceeded by the more predictable parts and service
and growing used car segments, its brand mix, which is weighted to
the historically more predictable imports, and its good liquidity
profile. Group 1's quantitative profile continues to be steady,
with debt/EBITDA up a bit to 3.9 times and EBIT/interest down a bit
to around 4 times due to acquisition activity.

The stable outlook reflects Moody's view that Group 1 will continue
to manage its cost structure such that its operating performance
remains resilient even in the event of a downturn and credit
metrics remain largely in balance. Ratings could be upgraded if
operating performance improved and financial policy remained
conservative such that debt/EBITDA was maintained around 3.5 times,
EBIT/Interest was sustained above 5 times, and liquidity remained
at least good. Ratings could be downgraded if due to either
negative trends in operating performance or financial policy
decisions debt/EBITDA rose above 4.75 times, or EBIT/Interest fell
below 4 times, or if liquidity were to weaken.

Group 1 Automotive, headquartered in Houston, TX, is a leading auto
retailer with 227 franchises, and annual revenues of over $11.4
billion.


HOME BOUND HEALTHCARE: Has Access to Cash Until Aug. 31
-------------------------------------------------------
In a fifth interim order, Judge Janet Baer of the U.S. Bankruptcy
Court for the Northern District of Illinois, authorizes Home Bound
Healthcare, Inc. to use the cash collateral of (i) the Internal
Revenue Service (IRS), (ii) the Illinois Department of Revenue
(IDOR), and (iii) CadleRock Joint Venture, LP, in order to pay Home
Bound's operating expenses amounting to $68,308, based on a 30-day
budget from Aug. 1 to 31, 2019.

As adequate protection to the parties-in-interest, the Court
ordered that replacement liens on Home Bound's estate and all
revenues and profits generated therefrom from the Petition Date
will have the same validity, extent and priority as the liens held
by the IRS, the IDOR and CadleRock, before the Petition Date.

The Court further ordered that:

  1. Home Bound Health Care shall pay, as additional adequate
protection, on August 15, 2019:

   a. $5,000 in check, to the IRS, to the attention of Renita
Cannon
             Dearborn, Room 2600, M/s 5014CHI
             Chicago, Illinois, 60604;

   b. $1,000 in check to IDOR, payable to the Illinois Department,
sent directly to
            Robert Lynch, AAG,
            Illinois Attorney General’s Office
            100 W. Randolph St., 13th Floor
            Chicago, IL 60601;

   c. $1,500 to CadleRock.

  2. Home Bound Healthcare's monthly expenditures shall be limited
to those items indicated in the budget, plus 10% of any budget line
item or category;

  3. Home Bound Healthcare must cure, by the due date, any missing
tax returns properly identified by IRS;

  4. Failure to comply with said conditions of adequate protection
may result to lifting of the automatic stay 30 days within mailing
of notice of default.

The Court will hold a status hearing at 10 a.m. on August 29, 2019.


                 About Home Bound Healthcare

Home Bound Healthcare, Inc., is a home health care company that
offers outpatient therapy, nursing, occupational, and
rehabilitation services.

Home Bound Healthcare, based in Flossmoor, IL, filed a Chapter 11
petition (Bankr. N.D. Ill. Case No. 19-05760) on March 5, 2019.  In
the petition signed by Julieta Mitra, president, the Debtor
estimated $500,000 to $1 million in assets and $1 million to $10
million in liabilities.  The Hon. Janet S. Baer oversees the case.
John D. Ioakimidis, Esq., at John D. Ioakimidis, Attorney at Law,
serves as bankruptcy counsel.


HUNTINGTON PROPERTY: Case Summary & 3 Unsecured Creditors
---------------------------------------------------------
Debtor: Huntington Property LLC
        2872 Coach Drive
        Memphis, TN 38128

Business Description: Huntington Property LLC is a Single Asset
                      Real Estate debtor (as defined in 11 U.S.C.
                      Section 101(51B)).

Chapter 11 Petition Date: July 31, 2019

Court: United States Bankruptcy Court
       Western District of Tennessee (Memphis)

Case No.: 19-25923

Judge: Hon. Paulette J. Delk

Debtor's Counsel: Toni Campbell Parker, Esq.
                  LAW OFFICE OF TONI CAMPBELL PARKER
                  615 Oakleaf Office Lane
                  P.O. Box 240666
                  Memphis, TN 38124-0666
                  Tel: (901) 683-0099
                  Fax: 866-489-7938
                  Email: tparker002@att.net
                         tparker001@bellsouth.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Victor Hugo Torres, managing member.

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

           http://bankrupt.com/misc/tnwb19-25923.pdf



ICON CONSTRUCTION: Adds Language on Absolute Priority Rule in Plan
------------------------------------------------------------------
Icon Construction, Inc., filed a First Amended Chapter 11 Plan and
accompanying Disclosure Statement disclosing that the equity owner,
Sasha Bell, is retaining her ownership of the company.  No new
value is proposed for the retention of this ownership.  Since there
is no new value being proposed the Debtor believes the Plan will
violate the absolute priority rule if the unsecured creditor class
does not vote to accept the Plan

Class 7: Allowed Claims of Unsecured Creditors are impaired. Each
holder of an Allowed General Unsecured Claim shall receive pro rata
from $2,500.00 per month, over 60 months, beginning on the 15th day
of the month following the Effective Date. The estimated amount of
the Class 6 Allowed Claims is $1,100,000.00.

Class 1: Allowed Priority Claims of Ad Valorem Taxing Authorities
are impaired. The Class 1 Claims will be paid once Allowed over 60
months from the Confirmation Date. These creditors shall retain
their liens to secure their claims until paid in full under this
Plan. The Class 1 Claims shall be paid interest from the Effective
Date of the Plan and 2% per annum following the Effective Date
until paid in full. In the event that the Debtor disputes such
claim, the payments will be applied to the undisputed amount of the
claim as ultimately allowed.

Class 2: Allowed Secured Claim of BOKF, NA are impaired. The
Allowed Secured Claim of the Bank shall be paid in the approximate
amount of $2,400,000.00 over 15 years based on a 30 year
amortization with an annual interest rate thereon of 5.5.%. This
results in a monthly payment of $13,626.94 to be paid by the Debtor
for its use of the facility owned by Magnolia, a non-debtor related
party. The first payment shall be due on the first day of the month
following the Plan’s Effective Date.

Class 3: Allowed Secured Claims of Ford Credit are impaired.
Payments shall be made in equal monthly payments on the first day
of the month following the Effective Date in the combined amount of
$700.00 per month. Such Allowed Secured Claims shall be retain
their liens until paid in full.

Class 4: Allowed Secured Claim of Oklahoma Employment Security
Commission are impaired. This Claim once it is an Allowed Secured
Claim shall be paid in full over a period of 60 months after the
Effective Date with interest thereon at the rate of 4.5% per annum.
Payments shall be made in equal monthly payments on the first day
of the month following the Effective Date. Such Allowed Secured
Claim shall retain its liens until paid in full.

Class 5: Allowed Claims for Employee Commissions are impaired. The
Claims in this class will be paid once Allowed in full over 24
months. The payments shall commence on the first day of the month
following the Effective Date and shall continue on the first day of
each succeeding month thereafter until the Allowed Claims are paid
in full.

Class 6: Allowed Priority Claim of the IRS are impaired. The Class
6 Claim is the Allowed Priority Claim of the IRS. The Allowed
Priority Claim shall be paid in full over five (5) years with
interest at the rate of 4.5% per annum. The payments shall be made
in equal monthly payments on the first day of the month following
the Effective Date and shall continue on the first day of each
month thereafter until paid in full. Payments are based on an
estimated claim of $700,000.00.

Class 8: Allowed Interests of the Equity Holders. On the
Confirmation Date, all Equity Interests shall be retained by Sasha
Bell. The Equity Interest Holders are unimpaired under this Plan.

The Plan will be funded from the continuing operations of the
Debtor.

A full-text copy of the First Amended Disclosure Statement dated
July 24, 2019, is available at https://tinyurl.com/y6fny2aw from
PacerMonitor.com at no charge.

Attorneys for the Debtor are Joyce W. Lindauer, Esq., and Jeffery
M. Veteto, Esq., at Joyce W. Lindauer Attorney, PLLC, in Dallas,
Texas.

                   About Icon Construction

Icon Construction -- http://icon-construction.com/ -- is a small
business general contractor specializing in design/build of
permanent modular and temporary modular buildings. Since April 1,
1998 Icon Construction has been able to meet the space needs of
major markets, including military,education, administration
facilities, health care, government, commercial and residential
manufacturing.

Icon Construction, Inc., based in McKinney, TX, filed a Chapter 11
petition (Bankr. E.D. Tex. Case No. 19-40279) on Feb. 1, 2019.  In
the petition signed by Mansour Khayal, president, the Debtor
estimated $500,000 to $1 million in assets and $1 million to $10
million in liabilities.  The Hon. Brenda T. Rhoades oversees the
case.  Joyce W. Lindauer,Esq., at Joyce W. Lindauer Attorney, PLLC,
serves as bankruptcy counsel to the Debtor.  Glast Phillips &
Murray, P.C., is the special counsel.


IRIDIUM COMMUNICATIONS: S&P Alters Outlook to Pos., Affirms B- ICR
------------------------------------------------------------------
S&P Global Ratings affirmed all ratings on McLean, Va.-based
commercial and government data services provider Iridium
Communications Inc., including the 'B-' issuer credit rating, and
revised the outlook to positive from stable.

The positive outlook reflects that S&P will likely raise the rating
if the company is able to secure a long-term contract extension
with the Department of Defense (DoD).

The outlook revision reflects a credible path to continued
deleveraging through earnings growth and significant free operating
cash flow (FOCF) generation but also incorporates ongoing delays in
the extension of the enhanced mobile satellite services (EMSS)
contract with the DoD, which represents about 20% of service
revenues. This contract, which Iridium has held for many years,
continues to be extended on a monthly basis.

S&P believes the primary reason for the delay in the award is the
transition of the contract to the Air Force from the Defense
Information Systems Agency (DISA).

"We believe it is likely that Iridium will win the extension given
that it has a dedicated gateway for the DoD and the nature of its
constellation provides maximum security for phone calls. Still, we
are unlikely to raise the rating until there is more visibility
into this relatively large contract," S&P said.

The positive outlook reflects S&P's expectation for further
deleveraging as operating expenses associated with the recently
launched constellation fall off and the company continues to grow
high-margin service revenue, such that debt to EBITDA falls below
6x by the end of 2019.

"We could raise the rating if the DoD awards Iridium a long-term
extension on the EMSS contract, which would provide increased
confidence that leverage would remain below 6.5x for the
foreseeable future," S&P said.

"Although less likely, we could revise the outlook to stable if the
company loses the contract with the DoD, which we believe could
cause leverage to rise above 6.5x over the next year," the rating
agency said.


J WICK PRODUCTIONS: Unsecureds to Get 2 Distributions at 2.38%
--------------------------------------------------------------
J Wick Productions, LLC, filed a Chapter 11 Plan and accompanying
Disclosure Statement proposing that General Unsecured Claims,
classified in Class 3, will be paid in full in two distributions.

The first distribution to holders of Class 3 Claims will be made on
the Effective Date on a pro rata basis to allow unsecured creditors
in such amounts as allowed by remaining funds after reserves, and
payment of Class 1 and Class 2 claims. The second distribution
within one year of the Effective Date, these claims shall accrue
interest at the federal funds rate as of July 1, 2019 (2.38%).

Class 4 - Disputed Claim to Estate Property of Michael Singer are
impaired. If Class 4 votes to accept this Plan, the Debtor in full
and complete satisfaction of any interest Mr. Singer has in the
Interpled funds, and any claim against the Debtor and property of
the estate. Mr. Singer will be paid $1,500,000 in two installments:
(1) the first installment of $750,000 on the earlier of: (a) the
Effective Date or (b) approval of a settlement with Mr. Singer, and
(2) a second installment of $750,000 upon financing of the
receivables of the Debtor, not later than the one-year anniversary
of the Effective Date. Upon payment of the second installment, any
payments to this class made pursuant to Court Order it will be
charged to the capital account of MJW Films, LLC pursuant to the
Operating Agreement of the Debtor.

Class 5 - Disputed Secured Claims are impaired. These claims shall
only receive a distribution through distributions of the Debtor's
Equity interest through their claim against MJW Films after claims
are allowed and prioritized in the MJW Films' bankruptcy case or
their state law claims as of the Petition Date. To the extent any
payment is made on any Class 5 claim pursuant to Court Order it
will be charged to the capital account of MJW Films, LLC pursuant
to the Operating Agreement of the Debtor.

The Debtor approximates $3,819,000 to $4,396,000 in funds derived
from movie royalties available for the funding of this plan,
depending on the release of the reserve fund for Chinese
Distribution Issues. In addition, the Debtor is exploring the
availability of financing, which if obtained would permit the
satisfaction of all claims on or nearer to the Effective Date. A
loan would monetize the royalties receivable so that a final
distribution to creditors would not have to await the receipt over
time of movie royalties.

A full-text copy of the Disclosure Statement dated July 24, 2019,
is available at https://tinyurl.com/y376w8v2 from PacerMonitor.com
at no charge.

Attorneys for the Debtor are Frederick J. Petersen, Esq., and Isaac
D. Rothschild, Esq., at Mesch Clark Rothschild, in Tucson,
Arizona.

                About MJW Films and JW Films

MJW Films, LLC and J Wick Productions, LLC are movie production
companies based in Gilbert, Arizona. MJW Films and J Wick filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Ariz. Case No. 18-12874) on Oct. 22, 2018.  In the
petitions signed by John Glassgow, designated representative, the
Debtors estimated $1 million to $10 million in both assets and
liabilities. Patrick A. Clisham, Esq., at Engelman Berger, P.C.,
represents the Debtors.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Nov. 16, 2018.  The committee is represented
by May, Potenza, Baran & Gillespie PC.


JAMES CANDY: $40K Sale of Candy-Making Equipment to Claremont OK'd
------------------------------------------------------------------
Judge Andrew B. Altenburg, Jr. of the U.S. Bankruptcy Court for the
District of New Jersey authorized James Candy Co.'s private sale of
a candy-making equipment to Claremont Foods for $39,500.

A hearing on the Motion was held on July 30, 2019 at 10:00 a.m.

The sale is free and clear of liens, with the lien of OceanFirst
Bank, N.A., to attach to the proceeds of sale.

Union Standard Equipment Co. may be paid a commission of $3,950
from the sale proceeds, consistent with the terms of that firm's
retention as the Debtor's auctioneer approved by prior Order of the
Court.

                    About James Candy Company

James Candy Company is a candy company in Atlantic City, New
Jersey, offering a wide selection salt water taffy, fudge, and
macaroons.

James Candy Company, based in Atlantic City, NJ, filed a Chapter 11
petition (Bankr. D.N.J. Case No. 18-32139) on Nov. 7, 2018.  In the
petition signed by Frank Glaser, president, the Debtor disclosed
$2,756,944 in assets and $3,048,241 in liabilities.  The Hon.
Andrew B. Altenburg Jr. oversees the case.  Ira R. Deiches, Esq.,
at Deiches & Ferschmann, serves as bankruptcy counsel to the
Debtor.


KEHE DISTRIBUTORS: Moody's Raises CFR to B1, Outlook Stable
-----------------------------------------------------------
Moody's Investors Service upgraded KeHE Distributors, LLC's
Corporate Family Rating and Probability of Default Rating to B1 and
B1-PD from B2 and B2-PD respectively. Moody's also upgraded the
company's $200 million second lien notes due 2021 to B3 from Caa1.
The outlook is stable.

"The upgrade reflects operating performance that has exceeded
Moody's expectations with top line driving higher earnings that
will result in debt/EBITDA below 4.0x in the next 12 months versus
our previous estimate of 4.5x," said Moody's Vice President, Mickey
Chadha.

Upgrades:

Issuer: KeHE Distributors, LLC

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

  Corporate Family Rating, Upgraded to B1 from B2

  Senior Secured Regular Bond/Debenture, Upgraded
  to B3 (LGD5) from Caa1 (LGD5)

Outlook Actions:

Issuer: KeHE Distributors, LLC

  Outlook, Remains Stable

RATINGS RATIONALE

KeHE's B1 corporate family rating reflects the company's adequate
liquidity and better than expected operating performance resulting
in improved credit metrics. Moody's now estimates debt/EBITDA (with
Moody's standard adjustments) will be below 4.0 times at fiscal
year ending April 2020. Topline growth has come from increased
sales to the company's top customers as demand for specialty food
products continues to be strong. Moody's also anticipates that the
company has taken some market share from UNFI as UNFI's acquisition
of SUPERVALU has caused some disruption for UNFI customers. The
company's operating expenses and capital expenditures have also
normalized after being higher than normal due to the integration of
the operations of Nature's Best and Monterrey Provision Co.,
optimization of the locations of the combined distribution centers
and the increase in its distribution capacity through a new
distribution center in Denver. Profit dollars have improved as the
company has controlled expenses while growing the topline through
increased volume from existing and new customers. The rating also
reflects KeHE's customer concentration with three of the combined
company's top customers accounting for over 50% of total revenues
and the largest customer accounting for about 30% of the topline,
its thin margins with a fixed cost structure and its limited
pricing power in a highly competitive market. Ratings are supported
by the company's good position in a growing and attractive market
niche for specialty, organic and natural foods and its geographic
diversification. However, it is a relatively small player in the
overall food distribution business segment and could be vulnerable
if larger broadline food distributors enter its niche market.

The stable outlook reflects its expectation that KeHE will continue
to improve profitability and reduce leverage through EBITDA growth
while maintaining adequate liquidity and balanced financial
policies including but not limited to acquisitions.

Ratings could be upgraded if the company demonstrates sustained
growth in sales, and profitability and has good liquidity.
Quantitatively, ratings could be upgraded if debt/EBITDA is
sustained below 3.5times and EBITA/interest expense is sustained
above 3.0 times.

Ratings could be downgraded if operating performance deteriorates
such that debt/EBITDA is sustained above 4.0x and EBITA/interest is
sustained below 2.25 times. Ratings could also be downgraded if
liquidity deteriorates or if acquisition activity causes
deterioration in cash flow or credit metrics.

KeHE Distributors, LLC is a majority employee owned specialty and
natural & organic food distributor in the U.S. and Canada. The
company's customers include large chain grocery stores, regional
grocery chain stores, independent natural product retailers, mass
and retail club stores and independent grocery stores. Total
revenue is approximately $4.6 billion.

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


LAKEWAY PUBLISHERS: $3.6K Sale of Personal Property Approved
------------------------------------------------------------
Judge Marcia Phillips Parsons of the U.S. Bankruptcy Court for the
Eastern District of Tennessee authorized Lakeway Publishers, Inc.'s
sale of personal property, consisting of excess inventory of
newsprint, to the Cleveland Daily Banner for $3,640.

The sale is free and clear of all liens of record.  All such liens
will attach to the proceeds of sale.

The 14-day stay that would otherwise be applicable under Fed. R.
Bankr. P. 6004(h) will not apply, and the Order will be immediately
effective as of the date of its entry.

                    About Lakeway Publishers

Lakeway Publishers, Inc., is a multi-state publisher of newspapers,
magazines and special publications. Lakeway owns and operates
community newspapers and magazines in Tennessee, Missouri,
Virginia, and Florida.  Lakeway Publishers was incorporated in 1966
and is based in Morristown, Tenn.

Lakeway Publishers, Inc., and affiliate Lakeway Publishers of
Missouri, Inc. each filed a voluntary petition under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Tenn. Lead Case No. 19-51163) on
May 31, 2019.  In the petitions signed by Jack R. Fishman,
president, Lakeway Publishers, Inc., disclosed $20,884,027 in
assets and $9,245,645 in liabilities while Lakeway Publishers of
Missouri listed $7,047,972 in assets and $9,206,193 in liabilities.
The Debtors tapped Quist, Fitzpatrick & Jarrard, PLLC, led by Ryan
E. Jarrard, as bankruptcy counsel; and Burnette Dobson & Pinchak,
as special counsel.


LAWN ADVISORY: Plan Confirmation Hearing Rescheduled to Aug. 8
--------------------------------------------------------------
The hearing to consider confirmation of the small business second
modified Chapter 11 combined plan and disclosure statement of Lawn
Advisory Service, Inc., is rescheduled to Aug. 8, 2019 at 10:00
AM.

Class 2 General Unsecured are impaired. Will be paid 50% over a
period of 5 years in annual installment of 10% commencing on the
Effective Date of the Allowed Claim amount.  The Plan will be
funded from future earnings of the Debtor.

A full-text copy of the Second Amended Disclosure Statement dated
July 24, 2019, is available at https://tinyurl.com/y34x8llx from
PacerMonitor.com at no charge.

Attorney for the Debtor is Timothy P. Neumann, Esq., at Broege,
Neumann, Fischer & Shaver, LLC, in Manasquan, New Jersey.

                About Lawn Advisory Service

Lawn Advisory Service, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D.N.J. Case No. 18-28873) on Sept. 23,
2018.  At the time of the filing, the Debtor estimated assets of
less than $500,000 and liabilities of less than $500,000.  Judge
Michael B. Kaplan presides over the case.


LIFE TIME: S&P Assigns 'B+' Rating on Term Loan B; Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating to the $500
million secured term loan B due 2026 proposed by Life Time Inc. to
call the existing $450 million 8.5% senior unsecured notes due
2023.  It lowered its issue-level rating on the company's existing
senior secured credit facility to 'B+' given the proposed increase
in secured claims.

At the same time, S&P affirmed its 'B' issuer credit rating on the
company.

S&P said, "We are affirming the 'B' issuer credit rating because
the proposed transaction primarily refinances debt balances. Life
Time is seeking to issue a new $500 million secured term loan and
use the proceeds to repay $450 million in unsecured notes. The
increase in secured claims results in lower recovery prospects for
secured creditors in our hypothetical recovery analysis, and we
have revised our recovery rating on the secured debt to a '2' from
a '1'. Further, the issuer credit rating affirmation reflects our
forecast for operating lease adjusted debt to EBITDA in the mid-6x
area through 2020, which represents a good cushion compared to our
7.5x downgrade threshold. We also expect EBITDA coverage of
interest expense will be good for the rating, in the mid-2x area in
2019, improving to the mid- to high-2x area in 2020.

"The stable outlook reflects our expectation that good same-center
revenue growth, revenue growth from newly opened clubs, and the
corresponding EBITDA growth will result in adjusted debt to EBITDA
in the low- to mid-6x area while EBITDA coverage of interest will
remain in the mid- to high-2x area through 2020, which is good for
the rating.

"We could lower the rating if EBITDA coverage of interest expense
declines to less than 1.5x or if adjusted debt to EBITDA exceeds
7.5x as a result of operating underperformance or additional
leveraging transactions, including those that return capital to
shareholders. In addition, we could lower the rating if Life Time
were unable to sell assets to meet financing needs related to its
forecast capital expenditure needs, which exceed operating cash
flow.

"We would consider a one-notch upgrade if we were confident that
operating lease-adjusted debt to EBITDA would remain less than 6x
and adjusted funds from operations (FFO) to debt would remain more
than 12%. A higher rating would also depend on our expectation that
the company would not engage in any significant leveraging
transactions, potentially to buy out existing sponsors, which would
increase leverage above these thresholds." Moreover, a higher
rating would also likely depend on the company's ability to fully
fund its heavy capital expenditures with free operating cash flow."


MATRA PETROLEUM: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Lead Debtor: Matra Petroleum USA, Inc.
             708 Main Street, 9th Floor
             Houston, TX 77002

Business Description: Matra Petroleum USA Inc. and its subsidiaries
are privately held              
                      companies in the oil and gas exploration and
production industry.

Chapter 11 Petition Date: July 31, 2019

Four affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                        Case No.
    ------                                        --------
    Matra Petroleum USA, Inc. (Lead Case)         19-34190
    Matra Petroleum Operating, LLC                19-34191
    Matra Petroleum Oil & Gas, LLC                19-34192
    Matra Terra, LLC                              19-34193

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

Judge: Hon. David R. Jones

Debtors' Counsel: Vianey Garza, Esq.
                  Deirdre Carey Brown, Esq.
                  HOOVER SLOVACEK LLP
                  Galleria Tower II
                  5051 Westheimer, Suite 1200
                  Houston, TX 77056
                  Tel: 713-977-8686
                  Fax: 713-977-5395
                  Email: garza@hooverslovacek.com
                         brown@hooverslovacek.com

                    - and -

                  Melissa Anne Haselden, Esq.
                  HOOVER SLOVACEK LLP
                  Galleria II Tower
                  5051 Westheimer, Suite 1200
                  Houston, TX 77056
                  Tel: 713.977.8686
                  Fax: 713.977.5395
                  Email: Haselden@hooverslovacek.com

Debtors'
Financial
Advisor:          MACCO RESTRUCTURING GROUP, LLC

Matra Petroleum USA's
Estimated Assets: $10 million to $50 million

Matra Petroleum USA's
Estimated Liabilities: $50 million to $100 million

The petitions were signed by Drew McManigle, chief restructuring
officer.

A full-text copy of Matra Petroleum USA's petition is available for
free at:

           http://bankrupt.com/misc/txsb19-34190.pdf

List of Matra Petroleum USA's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
1. BDO USA LLP                                            $12,418
333 Clay St, Suite 4700
Houston, TX 77002

2. BSREP II Houston                    Pending           $236,665
3HC Owner LLC                         Litigation
P.O. Box 207344
Dallas, TX
75320-7340

3. Casimir Capital LP                                      $35,000
15 Valley Drive
Greenwich, CT 06831

4. Elena Selezneva                                         Unknown
1625 Main St., Unit 714
Houston, TX 77002

5. Hansford County                                         Unknown
Appraisal District
709 W. Seventh
Spearman, TX
79081-3407

6. Igor Indychko                                           Unknown
1409 Hazelwood
Borger, TX 79007

7. Marvin Rodrigez                                            $100
2638 Tidewater Dr
Houston, TX 77045

8. Maxim Barskiy                                           Unknown
6518 Coppage St.
Houston, TX 77007

9. Melody Business Finance, LLC                            $25,000
60 Arch St 2nd Floor
Greenwich, CT 06830

10. Porter Hedges LLP                                      $10,876
1000 Main Street, 36th Floor
Houston, TX 77002

11. PricewaterhouseCoopers LLP                             $21,386
P.O. Box 952282
Dallas, TX
75395-2282

12. Railroad Commission of Texas                           Unknown
1701 N. Congress
Austin, TX 78701

13. Renshaw Norwood                                           $712
2900 Weslayan, Suite 230
Houston, TX 77027

14. Sergey Funygin                                         Unknown
5005 Hidalgo St., Apt 301
Houston, TX 77056

15. Sprouse Shrader Smith PLLC                              $1,915
P.O. Box 15008
Amarillo, TX
79105-5008

16. Texas Commission                                       Unknown
on Environmental Quality
Bankruptcy Program, MC 132
P.O. Box 130
Austin, TX 78711

17. Travelers Insurance Travelers CL                       Unknown
Remittance Center
PO BOX 660317
Dallas, TX
75266-0317

18. Vladimir Lenskiy                                    $2,476,039
969 North St.
Greenwich
Greenwich, CT 06831

19. Watson Farley Williamson                               $14,771
15 Appold St
London, UK EC2A 2HB

20. Zukowski, Bresenhan & Piazza LLP                       $19,838
1177 West Loup South
Houston, TX 77027


MCCLATCHY CO: S&P Alters Outlook to Neg. on Constrained Liquidity
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'CCC+' issuer credit rating on
U.S.-based newspaper publisher The McClatchy Co. and revised the
outlook to negative from stable.

The outlook revision reflects S&P's view that The McClatchy Co.'s
liquidity position has worsened and is insufficient to cover its
obligations over the next 12-24 months. McClatchy operates in the
challenging newspaper publishing sector, which continues to
experience substantial annual declines in print advertising.
Furthermore, the company has a high debt burden and generates
modest discretionary cash flows. The company recently disclosed
that it may be required to make pension contributions of $120
million in 2020, with most of those payments due in September 2020
or afterwards. The company is seeking a waiver to limit its
required contributions for 2019-2021. Though S&P believes the
company is more likely than not to receive the waiver, it does not
believe the company would be able to meet these obligations if it
can't secure a waiver or other legislative relief. Furthermore, if
McClatchy can reduce its pension payments as requested, S&P does
not know exactly how much relief the company will receive, and it
may still need to borrow on its asset-based lending (ABL) facility
to cover contributions that may be materially larger than the $3
million the company expects to pay in 2019.

The negative outlook reflects S&P's expectation that print
advertising revenue will continue to decline at or above a 20%
rate, putting pressure on the company's operating performance, cash
flow generation, and liquidity. In addition, if McClatchy does not
receive relief from its mandatory pension contributions in 2020, it
will have insufficient liquidity to fund its obligations.

"We could lower the rating to 'CCC' if we anticipate a default
arising within 12 months due to worse operating performance,
substantial cash flow deficits, or a distressed exchange to
right-size its capital structure. We could also lower the rating if
McClatchy does not receive relief from its mandatory pension
contributions in early 2020," S&P said.

"We could revise the outlook to stable if the company's liquidity
significantly improves, allowing it to withstand unexpected
adversities. Although unlikely over the next 12 months, an upgrade
to 'B-' would require McClatchy to achieve digital advertising and
subscription revenue growth, stabilize its print advertising
revenue declines, and significantly reduce leverage towards 5x,"
S&P said, adding that an upgrade would also depend on its favorable
view of the long-term sustainability of McClatchy's capital
structure and business prospects.


MERIDIAN MARINA: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The Office of the U.S. Trustee on July 30 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Meridian Marina & Yacht Club of
Palm City, LLC.

               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.




MIDATECH PHARMA: Names Frederic Duchesne as Non-Executive Director
------------------------------------------------------------------
Midatech Pharma PLC has appointed of Frederic Duchesne, former
president and chief executive officer of the Pharmaceuticals
Division of Pierre Fabre Laboratories, to the Board of the Company
as a non-executive director with immediate effect.  Mr. Duchesne
brings more than three decades of experience and leadership in
commercial, strategic planning, product development, business
development, market access, supply chain and manufacturing roles in
major pharmaceutical companies.

During his tenure at Pierre Fabre from 2010 until May 2019, Mr.
Duchesne was in charge of transforming the Pharmaceuticals Division
into a robust EUR1 billion OTX and Specialty Care business and led
Pierre Fabre to become a commercial partner of choice in Europe for
Biotech and mid-size Pharma companies.

Mr. Duchesne has previously also held senior positions with Sanofi
working in their manufacturing operations, SmithKline Beecham as
director of Production and Logistics, Glaxo SmithKline as
vice-president and director of Commercial Operations, then moving
to Bristol-Myers Squibb as vice president and director of
Commercial Operations, and subsequently vice president Europe and
managing director of Bristol-Myers Squibb UK.

Rolf Stahel, Midatech's chairman commented: "Frederic brings a
wealth of key experience and credentials at the highest level from
his successful pharmaceutical career.  I am very pleased to welcome
such an exceptional individual to further strengthen our Board's
breadth of talent and depth of knowledge.  I look forward to
working with Frederic and am very confident he will make an
important and positive impact to Midatech across the business,
particularly with the next, important stage in developing our
manufacturing capabilities and commercialising the Company's
assets, as the Company continues to develop its key projects
through their clinical phase and towards their successful launch."

Frederic Duchesne commented: "I am delighted to join the Midatech
Board and very much look forward to contributing to the success of
the Company in any way I can.  I am impressed by Midatech's
innovative programmes and drug delivery technologies, the recent
progress and clear potential of the Company for the future.  The
Company's focus on making a difference for patients suffering from
rare oncology diseases is an exciting and stimulating opportunity
that was also a key factor in my decision to join the Board.  I'm
honoured to be joining the Board and I look forward to working with
the management team."

Mr. Duchesne holds a doctorate in Industrial Pharmacy, a diploma
from the Institute of Industrial Pharmacy and a diploma in Health
Care Law from Paris-Sud University.

The following information is disclosed pursuant to Rule 17 and
Schedule Two paragraph (g) of the AIM Rules for Companies in
relation to Frederic Duchesne, aged 60:

Current Directorships:

  * Sci Fred Duchesne
  * Sci Fredvero
  * Groupement Foncier Agricole Du Coeier Du Village
  * Castres Olympique

Previous Directorships (last 5 years)

  * Pierre Fabre S.A.
  * Institut De Recherche Pierre Fabre
  * Pierre Fabre Limited
  * EPFPIA
  * LEEM

As of July 31, 2019, Mr. Duchesne holds no ordinary shares in the
capital of the Company.

                    About Midatech Pharma

Midatech Pharma PLC -- http://www.midatechpharma.com/-- is an
international specialty pharmaceutical company focused on the
research and development of medicines for rare cancers, via both
in-house programs as well as partnered programs.  Midatech is
headquartered in Cardiff, Wales.

Midatech reported a net loss attributable to the owners of the
parent of GBP15.03 million for the year ended Dec. 31, 2018,
compared to a net loss attributable to owners of the parent of
GBP16.06 million for the year ended Dec. 31, 2017.  As of Dec. 31,
2018, the Company had GBP20.44 million in total assets, GBP3.52
million in total liabilities, and GBP16.92 million in total
equity.

Midatech said "We have incurred significant net losses and have had
negative cash flows from operations during each period from
inception through December 31, 2018, and had an accumulated deficit
of GBP89.72 million at December 31, 2018.  We have yet to generate
a profit and, excluding share issues, cash flows have been
consistently negative from the date of incorporation. Management
expects operating losses and negative cash flows to continue for
the foreseeable future.  In the event that current cash reserves
are found to be insufficient to achieve breakeven, then additional
funding will have to be obtained, which may include public or
private equity or debt offerings.  Additional capital may not be
available on reasonable terms, if at all.  If we are unable to
raise additional capital in sufficient amounts or on terms
acceptable to us, we may have to significantly delay, scale back or
discontinue the development or commercialization of our product
candidates or our acquisition strategy, as well as consider other
strategic alternatives.  Furthermore, we will continue to assess
the market value of certain of our assets so that non-dilutive
funding could be available, if required, to drive long term value
for the Company without a reliance on equity funding.  In
connection with this, effective Nov. 1, 2018, we sold all of the
issued and outstanding stock of Midatech US to an affiliate of
Barings LLC for initial cash consideration of $13.0 million, plus
up to an additional $6.0 million in cash payable upon the
obtainment of certain net sales milestones in 2018 and 2019 with
respect to certain of the products marketed by Midatech US,
individually and in the aggregate."


MJW FILMS: Unsecureds to Get Full Payment in 2 Distributions
------------------------------------------------------------
MJW Films, LLC, filed a Chapter 11 Plan and accompanying Disclosure
Statement proposing that General Unsecured Claims, classified in
Class 3, will be paid in full in two distributions.

The first distribution to holders of Class 3 Claims will be made on
the Effective Date on a pro rata basis to allow unsecured creditors
in such amounts as allowed by remaining funds after reserves, and
payment of Class 1 and Class 2 claims. The second distribution
within one year of the Effective Date, these claims shall accrue
interest at the federal funds rate as of July 1, 2019 (2.38%).

Class 4 - Disputed Claim to Estate Property of Michael Singer are
impaired. If Class 4 votes to accept this Plan, the Debtor in full
and complete satisfaction of any interest Mr. Singer has in the
Interpled funds, and any claim against the Debtor and property of
the estate. Mr. Singer will be paid $1,500,000 in two installments:
(1) the first installment of $750,000 on the earlier of: (a) the
Effective Date or (b) approval of a settlement with Mr. Singer, and
(2) a second installment of $750,000 upon financing of the
receivables of the Debtor, not later than the one-year anniversary
of the Effective Date. Upon payment of the second installment, any
payments to this class made pursuant to Court Order it will be
charged to the capital account of MJW Films, LLC pursuant to the
Operating Agreement of the Debtor.

Class 5 - Disputed Secured Claims are impaired. These claims shall
only receive a distribution through distributions of the Debtor’s
Equity interest through their claim against MJW Films after claims
are allowed and prioritized in the MJW Films’ bankruptcy case or
their state law claims as of the Petition Date. To the extent any
payment is made on any Class 5 claim pursuant to Court Order it
will be charged to the capital account of MJW Films, LLC pursuant
to the Operating Agreement of the Debtor.

The Debtor approximates $3,819,000 to $4,396,000 in funds derived
from movie royalties available for the funding of this plan,
depending on the release of the reserve fund for Chinese
Distribution Issues. In addition, the Debtor is exploring the
availability of financing, which if obtained would permit the
satisfaction of all claims on or nearer to the Effective Date. A
loan would monetize the royalties receivable so that a final
distribution to creditors would not have to await the receipt over
time of movie royalties.

A full-text copy of the Disclosure Statement dated July 24, 2019,
is available at https://tinyurl.com/y2925ff9 from PacerMonitor.com
at no charge.

Attorneys for the Debtor are Frederick J. Petersen, Esq., and Isaac
D. Rothschild, Esq., at Mesch Clark Rothschild, in Tucson,
Arizona.

                About MJW Films and JW Films

MJW Films, LLC and J Wick Productions, LLC are movie production
companies based in Gilbert, Arizona. MJW Films and J Wick filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Ariz. Case No. 18-12874) on Oct. 22, 2018.  In the
petitions signed by John Glassgow, designated representative, the
Debtors estimated $1 million to $10 million in both assets and
liabilities. Patrick A. Clisham, Esq., at Engelman Berger, P.C.,
represents the Debtors.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Nov. 16, 2018.  The committee is represented
by May, Potenza, Baran & Gillespie PC.


MOBILE ADDICTION: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Mobile Addiction, LLC
        918 E Douglas
        Wichita, KS 67202

Business Description: Mobile Addiction LLC is a wholesaler of
                      gadgets such i-pads, smartphones, tablets
                      computers, and more.

Chapter 11 Petition Date: July 31, 2019

Court: United States Bankruptcy Court
       District of Kansas (Wichita)

Case No.: 19-11449

Judge: Hon. Robert E. Nugent

Debtor's Counsel: Nicholas R. Grillot, Esq.
                  HINKLE LAW FIRM, LLC
                  1617 N. Waterfront Parkway, Suite 400
                  Wichita, KS 67206-6639
                  Tel: 316-267-2000
                  Fax: 316-660-6523
                  Email: ngrillot@hinklaw.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Charles R. Thomas, owner and sole
member.

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

            http://bankrupt.com/misc/ksb19-11449.pdf

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. VIP Wireless - Houston                               $6,380,440
5750 Bintiff Drive, Suite 220
Houston, TX 77036

2. Texas State Controller             Sales Taxes         $257,774
Public Accounts
P O Box 149355
Austin, TX
78714-9355

3. Colorado Department of Revenue                         $172,657
P O Box 17087
Denver, CO
80217-0087

4. Ohio Department of Taxation        Sales Taxes         $139,299
P O Box 16560
Columbus, OH
43216-6560

5. Citywide Wireless                                       $95,000
669 Gypsy Lane
Youngstown, OH 44505

6. Pennsylvania Dept of Revenue       Sales Taxes          $75,203
1846 Brookwood Street
Harrisburg, PA 17104

7. New Mexico                         Sales Taxes          $68,998
Taxation & Revenue
400 N Pennsylvania
Ave Ste 200
P O Box 1557
Roswell, NM
88202-1557

8. Nicki A. Mezger CPA                                     $33,332
1013 N Main
Wichita, KS 67203

9. The Hartford                                            $18,255
P O Box 660916
Dallas, TX
75266-0916

10. HEB Grocery Company LP         Rent Leases for         $14,020
In Store Dept 919                  Stores in Texas
PO Box 4346
Houston, TX 77210

11. Ondigo Electronics LLC                                  $8,585
1411 Ford Road
Bensalem, PA 19020

12. Comcast                                                 $7,702
PO Box 34744
Seattle, WA
98124-1744

13. Union Square Plaza              Rent Lease for          $6,786
P O Box 932400                     store in Youngston
Cleveland, OH 44193                      Ohio

14. Loja Trails LLC                                         $6,254
PO Box 66
Rodeo, CA 94572

15. Lagraff, John                                           $5,600
817 W 7th Street
Walsenburg, CO 81089

16. Pacific Capital Partners         Rent Lease for         $5,598
Tandem Properties                   store in Salem,
7327 SW Barnes Road                        OR
PMB 120
Portland, OR
97225-6119

17. West Virginia State Tax Dept       Sales Taxes          $4,922
Tax Account
Administration Div
PO Box 1826
Charleston, WV
25327-1826

18. Xcel Energy                                             $4,575
PO Box 9477
Minneapolis, MN
55484-9477

19. Fortune Holdings LLC              Rent lease for        $4,120
Attn: Raymond and                   store in Salem, OR
Amy Lin
P O Box 3367
Salem, OR 97302

20. Pigeon LLC                        Rent lease for        $3,641
c/o Campbell                        store in Eugene, OR
Commercial R/E
1600 Valley River
Drive, Suite 160
Eugene, OR 97401


MOONSHINE ALE: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
The Office of the U.S. Trustee on July 30 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Moonshine Ale Ventures, LLC.

Moonshine Ale Ventures, LLC, filed a Chapter 11 Petition (Bankr.
S.D. Tex. Case No. 19-20282) on June 17, 2019, and is represented
by Allan L. Potter, Esq.


MORGAN ADMINISTRATION: Files Chapter 11 Plan of Liquidation
-----------------------------------------------------------
Morgan Administration, Inc., Belvidere Associates LLC, FP Retail
Associates LLC, Hillcrest Enterprises, LLC, Jular Media LLC; KLS
Acquisition Corp., Loomis Enterprises LLC, North Avenue Associates
LLC, Oak Creek Distribution LLC, OL Enterprises LLC, and Deforab
LLC; and the official committee of unsecured creditors filed a
Chapter 11 plan of liquidation and accompanying disclosure
statement.

Class 5 General Unsecured Claims are impaired. Allowed Claims shall
be paid by Pro Rata payment of the Allowed Claim in cash upon the
later of: (a) the date of allowance thereof by Final Order; (b) the
earliest date on which there are Assets are available to pay the
Allowed Class 3 Claims; or (c) any Distribution Date as determined
by the Creditor Trustee.

Class 6 Equity Interest Holders are impaired. Pro rata share of any
cash remaining, after payment in full of all Administrative Expense
Claims, Priority Tax Claims, and Allowed Claims in Classes 1
through 5. Note: It is not anticipated that any distribution will
be made to Equity Interest Holders.

The Debtors' primary assets are cash and potential recoveries from
other sources including, in particular, potential litigation
claims. Based upon the Debtors holding approximately $1.2 million
in Cash (the projected balance as of the Effective Date) and the
estimated amounts of valid Administrative Expenses Allowed Priority
Tax Claims, and Allowed Priority Claims in Classes 1, 2, and 3, the
Plan Proponents believe that the Creditor Trust will have
sufficient funds to meet this element of feasibility.

A full-text copy of the Disclosure Statement dated July 24, 2019,
is available at https://tinyurl.com/yyo8gbo5 from PacerMonitor.com
at no charge.

Counsel to the Debtors are Jonathan Friedland, Esq., Mark
Melickian, Esq., Elizabeth B. Vandesteeg, Esq., and Jack O'Connor,
Esq., at Sugar Felsenthal Grais & Helsinger LLP, in Chicago,
Illinois.

Counsel to the Creditors' Committee are Shelly A. DeRousse, Esq.,
Devon J. Eggert, Esq., and Elizabeth L. Janczak, Esq., at Freeborn
& Peters LLP, in Chicago, Illinois.

              About Morgan Administration

Morgan Administration, Inc., and its subsidiaries are
privately-held companies in Waukegan, Illinois that operate
household appliance stores.  They collectively do business under
the trade name Home Owners Bargain Outlet or HOBO.

Morgan Administration and 10 affiliates sought Chapter 11
protection (Bankr. N.D. Ill. Lead Case No. 18-30039) on Oct. 25,
2018.  In the petition signed by Leo Schmidt, president, Morgan
Administration estimated $100,000 to $500,000 in assets and
$100,000 to $500,000 in liabilities.  The case is assigned to Judge
Jacqueline P. Cox.  

The Debtors tapped Jonathan P. Friedland, Esq., at Sugar Felsenthal
Grais & Helsinger LLP, as their bankruptcy counsel; and Michael
Goldman of KCP Advisory Group LLC as their chief restructuring
officer.

On Nov. 5, 2018, the Office of the United States Trustee appointed
the Official Committee of Unsecured Creditor of Morgan
Administration.  The Committee retained Freeborn & Peters LLP as
its counsel.


MUSCLE MAKER: Incurs $1.1 Net Loss for Quarter Ended Sep. 30, 2018
------------------------------------------------------------------
Muscle Maker, Inc., filed its quarterly report on Form 10-Q on July
26, 2019, disclosing a net loss of $1,144,468 on $1,045,380 of
total revenues for the three months ended Sep. 30, 2018, compared
to a net loss of $5,382,484 on $2,355,233 of total revenues for the
same period in 2017.

At Sep. 30, 2018, the Company had total assets of $4,776,906, total
liabilities of $8,579,250, and $3,802,344 in total stockholders'
deficit.

As of September 30, 2018, the Company had a cash balance, a working
capital deficiency and an accumulated deficit of $766,801,
$4,409,186, and $23,328,391, respectively.  During the three and
nine months ended September 30, 2018, the Company incurred a
pre-tax net loss of $1,144,468 and $6,699,275, respectively.  These
conditions indicate that there is substantial doubt about the
Company's ability to continue as a going concern for at least one
year from the date of the issuance of these consolidated financial
statements.

The Company's operations have primarily been funded through
proceeds from the issuance of equity and debt.  Subsequent to
September 30, 2018, the Company received an aggregate of $3,784,000
associated with the issuances of convertible promissory notes
payable and warrants to various lenders.

In addition, during April 2019 through the date of the issuance of
the condensed consolidated financial statements, Muscle USA entered
into securities purchase agreements ("April 2019 SPA") with several
accredited investors (the "April 2019 Investors") providing for the
sale by the Company to the investors of 12% secured convertible
notes ("April 2019 Notes") in the aggregate amount of $3,000,000
(the "April 2019 Offering").

A copy of the Form 10-Q is available at:

                       https://is.gd/MX5uCp

Muscle Maker, Inc., operates under the name Muscle Maker Grill as a
franchisor and owner-operator of Muscle Maker Grill restaurants.
The company is based in Burleson, Texas.


NAKADDU LLC: Case Summary & 6 Unsecured Creditors
-------------------------------------------------
Debtor: Nakaddu, LLC
           dba Kiggun Properties
        405 Hale Street, Apt. D14
        Augusta, GA 30901-4910

Business Description: Nakaddu, LLC classifies its business as
                      Single Asset Real Estate (as defined in
                      11 U.S.C. Section 101(51B)).  The Debtor
                      is the fee simple owner of an apartment
                      complex located at 405 Hale Street,
                      Augusta, Georgia, having an appraised value
                      of $3.8 million.

Chapter 11 Petition Date: July 31, 2019

Court: United States Bankruptcy Court
       Southern District of Georgia (Augusta)

Case No.: 19-10977

Judge: Hon. Susan D. Barrett

Debtor's Counsel: Jon A. Levis, Esq.
                  MERRILL & STONE, LLC
                  PO Box 129
                  Swainsboro, GA 30401
                  Tel: 478-237-7029
                  Fax: 478-237-9211
                  E-mail: bkymail@merrillstonehamilton.com
                          levis@merrillstone.com

Total Assets: $3,205,875

Total Liabilities: $2,915,273

The petition was signed by Jerome Kiggundu, managing member.

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/gasb19-10977.pdf


NAPHTHA ENTERPRISES: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Naphtha Enterprises, LLC
        2447 N. Knox Ave.
        Odessa, TX 79763

Business Description: Naphtha Enterprises LLC is a privately held
                      company in the oil and gas extraction
                      business.

Chapter 11 Petition Date: July 31, 2019

Court: United States Bankruptcy Court
       Western District of Texas (El Paso)

Case No.: 19-31258

Judge: Hon. H. Christopher Mott

Debtor's Counsel: Carlos A. Miranda, Esq.
                  MIRANDA & MALDONADO, P.C.
                  5915 Silver Springs, Bldg. 7
                  El Paso, TX 79912
                  Tel: (915) 587-5000
                  Fax: (915) 587-5001
                  E-mail: cmiranda@eptxlawyers.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Aurelio Amador, Jr., president.

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

           http://bankrupt.com/misc/txwb19-31258.pdf


NATIONAL RADIOLOGY: Sept. 5 Plan Confirmation Hearing
-----------------------------------------------------
The Disclosure Statement explaining the Amended Chapter 11 Plan of
National Radiology Consultants, P.A., is conditionally approved.

The Court will conduct a hearing on confirmation of the Amended
Plan, including timely filed objections to confirmation, objections
to the Disclosure Statement, motions for cramdown, applications for
compensation, and motions for allowance of administrative claims on
September 5, 2019, at 2:00 p.m. in Tampa, FL − Courtroom 8B, Sam
M. Gibbons United States Courthouse, 801 N. Florida Avenue.

Any written objections to the Disclosure Statement must be filed
and served no later than seven (7) days prior to the date of the
hearing on confirmation.

Objections to confirmation must be filed and served no later than
seven (7) days before the date of the Confirmation Hearing.

The Plan Proponent must file a ballot tabulation no later than 96
hours prior to the time set for the Confirmation Hearing.

           About National Radiology Consultants

National Radiology Consultants, P.A., is healthcare practice
management provider, specializing in radiology, anesthesiology,
emergency, and hospital medicine solutions.  National Radiology
Consultants filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
19-01274) on Feb. 15, 2019.  In the petition signed by Jame Okoh,
M.D., president and chief executive officer, the Debtor disclosed
$18,709,234 in assets and $4,925,568 in liabilities.  The Debtor is
represented by Daniel E. Etlinger, Esq., at Jennis Law Firm.


NICHOLAS L. HUGENTOBLER: Submits Revised Budget
-----------------------------------------------
Nicholas L. Hugentobler, P.C., doing business as Animas Foot and
Ankle, asks the U.S. Bankruptcy Court for the District of Colorado
to extend the final order allowing the use of cash collateral
through September 30, 2019 based on a revised budget.

Owing to the closure of three of its offices in New Mexico (in
Santa Fe, Taos, and Los Alamos) and another in Las Vegas, Nevada,
the Debtor correspondingly revised its cash budget to reflect its
current operations, disclosing an anticipated decrease in
forecasted gross revenue of $259,000 in August 2019 and $231,000 in
September 2019, from the July 2019 forecasted amount of $326,000.
Debtor's counsel, Jeffrey S. Brinen, of Kutner Brinen, P.C., in
Denver Colorado, says the secured creditors agree to such
extension.

                 About Nicholas L. Hugentobler

Nicholas L. Hugentobler, P.C., doing business as Animas Foot and
Ankle, is a medical practice incorporated in Colorado, which
employs board certified physicians and offers treatment for feet
and ankles. Debtor filed for Chapter 11 protection on November 29,
2018. Alpine, Strategic Funding, and Complete Business Solutions
Group are the Debtor’s secured creditors.

Counsel to the Debtor can be reached at:

         Jeffrey S. Brinen
         Maureen McIntee Gerardo
         1660 Lincoln Street, Suite 1850
         Denver, CO 80264
         Telephone: (303) 832-2400
         Facsimile: (303) 832-1510
         E-mail: mm@kutnerlaw.com



NORTHERN OIL: Moody's Alters Outlook on B3 CFR to Positive
----------------------------------------------------------
Moody's Investors Service changed Northern Oil and Gas, Inc.'s
rating outlook to positive from stable. Concurrently, Moody's
affirmed NOG's B3 Corporate Family Rating, B3-PD Probability of
Default Rating and Caa1 second lien senior secured notes rating.
The Speculative Grade Liquidity Rating was downgraded to SGL-3 from
SGL-2.

"The positive rating outlook reflects Northern Oil & Gas' improving
scale and credit metrics," commented Amol Joshi, Moody's Vice
President and Senior Credit Officer. "NOG's ability to borrow under
the revolver is currently constrained by the second lien notes
indenture as well as limited headroom under the revolver's current
ratio covenant, but the company's oil-weighted production mix and
good leveraged cash margins may support a higher rating if the
company improves its financial flexibility."

Affirmations:

Issuer: Northern Oil and Gas, Inc

  Corporate Family Rating, Affirmed B3

  Probability of Default Rating, Affirmed B3-PD

  Senior Secured Notes, Affirmed Caa1 (LGD4)

Downgrades:

Issuer: Northern Oil and Gas, Inc

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

Outlook:

Issuer: Northern Oil and Gas, Inc

  Outlook, Changed to Positive from Stable

RATINGS RATIONALE

The change of NOG's rating outlook to positive reflects the
company's improving scale and credit metrics. NOG's CFR could be
upgraded if the company continues to grow its production to
approach 50 thousand barrels of oil equivalent (boe) per day, its
retained cash flow to debt is sustained over 30%, the company
improves its financial flexibility and its liquidity is adequate or
better. A downgrade may be considered if production volumes
materially decline, RCF/debt falls below 20% or its liquidity
deteriorates.

NOG's B3 CFR reflects its moderate leverage, adequate asset
coverage of debt and improving scale of its Williston Basin
production and reserve base. Significant reinvestment of capital
and acquisition of producing assets in 2018 allowed NOG to deliver
growth in production volumes that have almost doubled from 2017
levels. NOG's unleveraged cash margins and cash flow benefit from
its high oil-weighted production mix. The company also hedges a
meaningful portion of its oil production 2-3 years into the future,
which should reduce volatility in its revenue and cash flow.
Moody's expects NOG's RCF to debt ratio to exceed 35% into 2020 and
the company to generate positive free cash flow through 2020, which
may be used to modestly reduce high borrowings under the revolver.

NOG's rating is challenged by its relatively modest scale and high
geographic concentration in a single basin. While the company
manages a well-diversified portfolio of non-operated working
interests in numerous producing assets, it relies on the operating
performance of its partners. NOG's growth strategy is focused on
participating in operator-initiated wells and executing bolt-on
acquisitions, requiring a high degree of financial flexibility. Its
recent acquisition has constrained the company's financial
flexibility, while NOG is unable to increase its revolver borrowing
base under the second lien notes indenture. Moody's expects NOG to
improve its financial flexibility through 2020, while also
benefitting from likely free cash flow generation.

The SGL-3 Speculative Grade Liquidity Rating reflects adequate
liquidity supported by Moody's expectation that NOG will generate
positive free cash flow through 2020, even though additional
availability under the company's revolving credit facility is
limited. At March 31, 2019, NOG had $3.9 million of cash and $147
million of revolver borrowings. On July 1, the company's
outstanding revolver borrowings increased significantly upon
completing its acquisition of certain oil and gas properties and
interests from VEN Bakken, LLC using $170.1 million in cash, as
well as about 5.6 million shares and a $130 million senior
unsecured promissory note.

NOG's secured revolver is due in 2023 and its $425 million
borrowing base is the maximum amount of borrowings that the
indenture for the company's second lien notes permits. The
revolver's financial covenants include a maximum net debt to
EBITDAX ratio of 4x (with cash netting limited to $50 million), and
a minimum current ratio of 1x. NOG was in compliance with its
financial covenants as of March 31, 2019. The current ratio
calculation allows certain adjustments and the inclusion of unused
amounts of the total bank commitments. Moody's estimates that NOG
will require most of its unused commitment under the revolver to
maintain compliance with the current ratio covenant in 2019, which
will limit its ability to borrow additional amounts under the
revolver . The company's next debt maturity is on January 1, 2021
when $65 million of the senior unsecured promissory note is due.
Substantially all of the company's assets are pledged as security
under the credit facility, which limits the extent to which asset
sales can provide a source of additional liquidity.

NOG's second lien senior secured notes are rated Caa1, one notch
below the company's B3 CFR. The company's debt is comprised of a
$425 million first lien secured revolving credit facility, about
$688 million of second lien notes pro forma for modest open market
purchases completed in the second quarter, and a $130 million
senior unsecured promissory note (unrated) issued on July 1. The
first lien revolver has a more senior priority claim on assets than
the second lien notes, resulting in the second lien notes being
rated one notch below the CFR.

The principal methodology used in these ratings was Independent
Exploration and Production Industry published in May 2017.

Northern Oil and Gas, Inc., headquartered in Minnetonka, Minnesota,
owns non-operated working interests in oil and gas wells and
acreage primarily in the Bakken and Three Forks formations within
the Williston Basin in North Dakota and Montana.


NOVUM PHARMA: Aug. 29 Plan Confirmation Hearing
-----------------------------------------------
The Disclosure Statement explaining the Chapter 11 Plan of Novum
Pharma, LLC, is approved.

The hearing to consider confirmation of the Plan will commence on
August 29, 2019 at 10:00 a.m. (Eastern Time), or as soon thereafter
as counsel can be heard before the Honorable Brendan L. Shannon,
United States Bankruptcy Judge, United States Bankruptcy Court for
the District of Delaware, 824 Nonh Market Street, 6th Floor,
Courtroom No. l, Wilmington, Delaware 19801.

The deadline for filing and serving objections to confirmation of
the Plan will be August 22, 2019 at 4:00 p.m. (Eastern Time).

                     About Novum Pharma

Founded in 2015, Novum Pharma, LLC -- http://www.novumrx.com/-- is
a global specialty pharmaceutical company which owns a portfolio of
topical dermatology products that it purchased from Primus
Pharmaceuticals, Inc., in March 2015.  The dermatology products are
marketed under the names Alcortin, Alcortin A, Quinja (formerly
Aloquin) and Novacort.  Each product is a fungicidal gel used to
treat a variety of skin conditions.

Novum Pharma sought Chapter 11 protection (Bankr. D. Del. Case No.
19-10209) on Feb. 3, 2019.  It estimated $10 million to $50 million
in assets and $50 million to $100 million in liabilities as of the
bankruptcy filing.

The Debtor tapped Cole Schotz P.C. as general bankruptcy counsel;
CR3 Partners, LLC, as financial advisor; Teneo Capital LLC as
investment banker; and Kurtzman Carson Consultants LLC as claims
and noticing agent.

The Office of the U.S Trustee appointed an official committee of
unsecured creditors on Feb. 12, 2019. Klehr Harrison Harvey
Branzburg LLP is the committee's counsel.


OAKLEY GRADING: Hughes Bid to Convert Case to Ch. 7 Junked
----------------------------------------------------------
Bankruptcy Judge W. Homer Drake denied Jamie Hughes, Jonathan
Hughes, David Hughes, JDH Group and Hughes Company, Inc.'s motions
to convert Oakley Grading and Pipeline, LLC's Chapter 11 case to a
Chapter 7 case.

The Movants assert that cause for conversion exists because of a
continuing loss to or diminution of the estate, and that there is
no reasonable likelihood of rehabilitation. The Movants submit that
the Trustee is uninformed as to the workings of the Debtor,
specifically as to its equipment usage and maintenance, and that
this negligence is causing diminution of the estate. In support of
this assertion, the Movants rely on the testimony provided by David
Hughes during the February 19th hearing, in which he described his
inspection of the Debtor's equipment, which revealed that the
equipment either does not have functioning Hobbs meters, a device
designed for measuring equipment usage, or that the equipment
simply lacks this meter altogether. He testified further that there
are numerous pieces of equipment that show either damage, neglect,
or are inoperable. The Movants also point out that a different
grading company, owned by Oakley's brother, operates out of same
location as the Debtor. Given these facts, the Movants contend that
the Trustee cannot determine if equipment belonging to the Debtor
is being used on non-Debtor jobs. Furthermore, the Movants maintain
that the Trustee's determinations as to the profitability of the
Debtor's contracts do not consider equipment usage, depreciation,
and maintenance related cost.

In addition, the Movants assert that ever increasing administrative
fees are causing diminution to the estate, and fees that may result
from the litigation of the adversary proceedings could render the
estate administratively insolvent.

The Movants also contend that there is no reasonable likelihood of
rehabilitation because the Trustee has neither filed a plan nor
made any significant payments to satisfy the claims of pre-petition
creditors, despite the case being in Chapter 11 for ten (10)
months. Moreover, the Movants maintain that conversion is
appropriate because the parties favoring conversion include the 50%
equity holders of the Debtor, the Hughes Brothers, and that the
Movants hold more than half of the filed debt in the case. They
believe that liquidation of the business is inevitable due to
Oakley's and the Hughes' unwillingness to continue business
relations with one another.

The Trustee, in response, asserts that the monthly operating
reports filed with the Court rebut the Movants' contentions
regarding loss or diminution of the estate and reflect a
financially stable business with potential for reorganization. The
Trustee also submits that not only is the Debtor completing
pre-petition contracts, but that it is also acquiring new
contracts, the most recent of which is worth approximately
$500,000.

The instant case was filed on April 9, 2018. As of the date of the
hearing, the Trustee has been operating the Debtor for
approximately 10 months without having proposed a plan. However,
the Court finds that several facts exist that preclude finding that
this delay warrants conversion of the case. First, the parties,
including the Trustee, spent several months in Court ordered
mediation attempting to resolve the pending adversary proceedings
between the Trustee, Oakley, and the Hughes and their various
entities. These matters greatly affect any proposed plan and the
outlook of the case in general. As a result, the Court is not
inclined to penalize the Trustee for investing time to pursue
resolution of these matters. Second, the shutdown of the United
States Government from December of 2018 to January of 2019
precluded the United States Trustee from participating in the case
during that pending time. Third, there exists a concern as to
whether the Trustee, throughout the case, has been granted complete
access to the Debtor's records, which were maintained by the
Hughes, which is evidenced by the Trustee's Motion for Turnover.
Lastly, the Court does not find that allowing the Trustee time to
propose a plan will prejudice creditors. The only creditors seeking
conversion are the Hughes and their various entities. These
parties, the Movants, hold more than half of the filed debt in the
case; however, the Trustee disputes the validity of these claims.

The Court recognizes that the strained relationship between Oakley
and the Hughes creates a unique situation, one whose solution may
not ultimately be found in a Chapter 11 reorganization. Conversion,
liquidation, and dissolution of the Debtor may be the only viable
option. However, the Court, at this time, will not exclude
potential solutions by converting the case to Chapter 7, without
first allowing the Trustee a reasonable, albeit not unlimited, time
to present a Chapter 11 plan, and/or explore possible exit
strategies.

The motions to convert are, therefore, denied without prejudice.

The bankruptcy case is in re: OAKLEY GRADING AND PIPELINE, LLC,
Debtor, Case No. 18-10743-WHD (Bankr. N.D. Ga.).

A copy of the Court's Order dated March 15, 2019 is available at
https://bit.ly/2Oo9V52 from Leagle.com.

Oakley Grading and Pipeline, LLC, Debtor, represented by Kathleen
G. Furr , Baker Donelson & Kevin A. Stine , Baker Donelson.

Theo Davis Mann, Trustee, pro se.

Theo Davis Mann, Trustee, represented by Lisa McVicker Wolgast --
lwolgast@mmmlaw.com -- Morris, Manning & Martin, LLP.

United States Trustee, U.S. Trustee, represented by R. Jeneane
Treace , Office of the United States Trustee.

Jonathan Hughes & Jamie Hughes, Interested Partys, represented by
Jonathan A. Akins -- jakins@swfllp.com -- Schreeder, Wheeler &
Flint, LLP & John A. Christy -- jchristy@swfllp.com -- Schreeder,
Wheeler & Flint, LLP.

Joseph R. Oakley, Interested Party, represented by Carolyn Cain
Burch , Chalmers Burch & Adams LLC & Edward F. Danowitz , Danowitz
Legal, P.C.

             About Oakley Grading and Pipeline

Oakley Grading and Pipeline LLC is a privately held grading
contractor in Newnan, Georgia.  

Oakley Grading and Pipeline, through its receiver, filed a Chapter
11 petition (Bankr. N.D. Ga. Case No. 18-10743) on April 9, 2018.
In the petition signed by Vic Hartman, receiver, the Debtor
disclosed $305,729 in total assets and $2.56 million in total
liabilities.  Kathleen G. Furr, Esq., and Kevin A. Stine, Esq., at
Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C., serve as the
Debtor's counsel.

On April 3, 2018, the U.S. Trustee filed a notice appointing Theo
D. Mann as Chapter 11 trustee for Debtor.  The Chapter 11 Trustee
hired Mann & Wooldridge, P.C., as counsel, and Morris Manning &
Martin, LLP, as special counsel.


OBALON THERAPEUTICS: Has $6.8M Net Loss for Quarter Ended June 30
-----------------------------------------------------------------
Obalon Therapeutics, Inc. filed its quarterly report on Form 10-Q,
disclosing a net loss of $6,767,000 on $386,000 of revenue for the
three months ended June 30, 2019, compared to a net loss of
$9,753,000 on $2,732,000 of revenue for the same period in 2018.

At June 30, 2019, the Company had total assets of $19,199,000,
total liabilities of $10,812,000, and $8,387,000 in total
stockholders' equity.

The Company said, "As of June 30, 2019, we had cash and cash
equivalents of $13.5 million and an accumulated deficit of $163.8
million.  Our primary sources of capital have been private
placements of preferred stock, the sale of common stock in our IPO
and in subsequent public and private placements, and, to a lesser
extent, the incurrence of debt.  During the second quarter of 2019,
we paid down $15.0 million of the principal balance due under the
loan and security agreement with Pacific Western Bank (as
successor-in-interest to Square 1 Bank).  As of June 30, 2019, we
had $5.0 million in debt outstanding with Pacific Western Bank (as
successor-in-interest to Square 1 Bank).  The terms of the loan and
security agreement with Pacific Western Bank require us to maintain
a cash balance in our accounts with the lender in an amount equal
to or greater than the outstanding indebtedness, which means we
only had access to $8.5 million of our cash and cash equivalents as
of June 30, 2019.  Therefore, substantial doubt exists as to our
ability to continue as a going concern and if we are not able to
continue to raise sufficient capital, we will not be able to
support ongoing operations."

A copy of the Form 10-Q is available at:

                       https://is.gd/onXyKp

Obalon Therapeutics, Inc., is a vertically integrated medical
device-company focused on developing and commercializing innovative
medical devices to treat obese and overweight people by
facilitating weight loss. The company is based in Carlsbad,
California.


ODYSSEY CHARTER: Moody's Rates $9.4MM 2019A Revenue Bonds 'Ba1'
---------------------------------------------------------------
Moody's Investors Service has assigned a Ba1 to Odyssey Charter
School Inc.'s $9.4 million Educational Facilities Revenue Bonds
Series 2019A and $230,000 Educational Facilities Revenue Bonds
Taxable Series 2019B.

Additionally, Moody's assigned a Ba1 rating to the school's
outstanding $15.5 million Educational Facilities Revenue Bonds
Series 2017A and $395,000 Educational Facilities Revenue Bonds
Taxable Series 2017B.

The outlook is stable.

RATINGS RATIONALE

The Ba1 rating reflects a good competitive profile evidenced by
growing enrollment and satisfactory academic performance. The
rating is also informed by satisfactory debt service coverage and
its expectation of a continued satisfactory coverage trend going
forward. The rating also speaks to the school's history of
satisfactory liquidity.

RATING OUTLOOK

The stable outlook reflects the likelihood that the charter's
enrollment trend, academic performance and financial position will
remain satisfactory.

FACTORS THAT COULD LEAD TO AN UPGRADE

  Increased and sustained coverage levels

  Material growth in liquidity

  Continued enrollment growth

FACTORS THAT COULD LEAD TO A DOWNGRADE

  Decline in enrollment

  Sustained negative revenue trends

  Significant declines in debt service coverage and liquidity

LEGAL SECURITY

The bonds are a limited obligation of the issuer, The Capital Trust
Agency, secured by the issuer's right to receive payments from the
borrower, Odyssey Charter School, Inc., a 501(c)(3) corporation,
under the loan agreement. The bonds are also secured by a mortgage,
under which the borrower has assigned its rights and interests in
the mortgaged properties to the trustee for the benefit of
bondholders.

USE OF PROCEEDS

Bond proceeds from the 2019 bonds will be loaned to Odyssey Charter
School, Inc. and will provide funds for new construction projects
including: classroom additions, a gymnasium, performing arts
center, and parking lot and car loop additions.

PROFILE

Odyssey Charter School Inc. is a K-12 Charter School in Brevard
County, FL (Aa3). It currently has two locations housing three
schools. Total enrollment for the 2018-19 academic year was 1,861
students with a total capacity of 3,573 across all campuses. The
school maintains a current waitlist of 332 students.


OMEROS CORP: Signs New Master Services Agreement with Lonza
-----------------------------------------------------------
Omeros Corporation entered into a master services agreement with
Lonza Biologics Tuas Pte. Ltd. on July 28, 2019, for the commercial
production of narsoplimab, also referred to as OMS721, Omeros' lead
human monoclonal antibody targeting mannan-binding
lectin-associated serine protease-2 (MASP-2).  The Agreement also
provides for certain regulatory support and related services to be
provided by Lonza from time to time.

Omeros and Lonza Sales AG previously entered into a Master Services
Agreement, dated Oct. 1, 2015, as amended, pursuant to which Lonza
Sales AG provided certain development services and manufactured
clinical supplies of narsoplimab for Omeros.  The new Agreement
provides for the production by Lonza of commercial quantities of
narsoplimab in accordance with agreed specifications for use
following regulatory marketing approvals.

Omeros is preparing a biologics license application and a marketing
authorization application for submission to the U.S. Food and Drug
Administration and to the European Medicines Agency, respectively,
for narsoplimab for the treatment of hematopoietic stem cell
transplant-associated thrombotic microangiopathy (HSCT-TMA).
Omeros also has ongoing Phase 3 clinical programs for narsoplimab
in immunoglobulin A (IgA) nephropathy and in atypical hemolytic
uremic syndrome (aHUS).

Under the Agreement Lonza will manufacture narsoplimab pursuant to
purchase orders issued in accordance with forecasts provided by
Omeros.  Omeros will purchase narsoplimab that meets agreed
specifications in batches, with the price per batch varying
according to the total number of batches ordered for serial
production in a single manufacturing campaign.  Omeros is obligated
to purchase a minimum number of batches annually beginning on a
specified anniversary of the first commercial sale of narsoplimab
in either the United States or European Union. Omeros may be
obligated to pay certain fees to Lonza upon cancellation of
purchase orders.

The initial term of the Agreement expires five years after the
first commercial sale of narsoplimab in either the United States or
European Union, subject to automatic renewal for an additional
four-year term unless Omeros provides notice of non-renewal at
least three years prior to the end of the initial term.  Either
party may terminate the Agreement, subject to applicable notice and
cure periods, (i) if regulatory marketing approval for narsoplimab
cannot be obtained in either the United States or European Union,
(ii) if narsoplimab is withdrawn from both the United States and
European Union markets following regulatory marketing approval,
(iii) for material breach of the Agreement by the other party or
(iv) due to the other party's bankruptcy, insolvency, or
dissolution.

The Agreement also includes customary provisions relating to, among
others, insurance and indemnification, delivery and acceptance
procedures, intellectual property, warranties, and
confidentiality.

                   About Omeros Corporation

Omeros Corporation -- http://www.omeros.com/-- is a
commercial-stage biopharmaceutical company committed to
discovering, developing and commercializing small-molecule and
protein therapeutics for large-market as well as orphan indications
targeting inflammation, complement-mediated diseases and disorders
of the central nervous system.  The Company's drug product OMIDRIA
(phenylephrine and ketorolac intraocular solution) 1% / 0.3% is
marketed for use during cataract surgery or intraocular lens (IOL)
replacement to maintain pupil size by preventing intraoperative
miosis (pupil constriction) and to reduce postoperative ocular
pain.  In the European Union, the European Commission has approved
OMIDRIA for use in cataract surgery and other IOL replacement
procedures to maintain mydriasis (pupil dilation), prevent miosis
(pupil constriction), and to reduce postoperative eye pain.  Omeros
has multiple Phase 3 and Phase 2 clinical-stage development
programs focused on: complement-associated thrombotic
microangiopathies; complement-mediated glomerulonephropathies;
Huntington's disease and cognitive impairment; and addictive and
compulsive disorders.  In addition, Omeros has a diverse group of
preclinical programs and a proprietary G protein-coupled receptor
(GPCR) platform through which it controls 54 new GPCR drug targets
and corresponding compounds, a number of which are in pre-clinical
development.  The company also exclusively possesses a novel
antibody-generating platform.  The Company is headquartered in
Seattle, Washington.

Omeros reported a net loss of $126.8 million for the year ended
Dec. 31, 2018, compared to a net loss of $53.48 million for the
year ended Dec. 31, 2017.  As of March 31, 2019, the Company had
$101.24 million in total assets, $44.50 million in total current
liabilities, $26.57 million in lease liabilities, $151.18 million
in unsecured convertible senior notes, and a total shareholders'
deficit of $121.01 million.

Ernst & Young LLP, in Seattle, Washington, issued a "going concern"
opinion in its report dated March 1, 2019, on the consolidated
financial statements for the year ended Dec. 31, 2018 stating that
the Company has suffered losses from operations and has stated that
substantial doubt exists about the Company's ability to continue as
a going concern.


PALM HEALTHCARE: $187K Sale of Interloc's Delray Beach Property OKd
-------------------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida authorize the sale by Interloc Properties, LLC
and Miami Real Estate Trust, LLC, affiliates of Palm Healthcare
Co., of Interloc's real property located at 233 NW 9th Avenue,
Delray Beach, Florida, outside the ordinary course of business, to
Robert Baxter and Alexandra Knauer for $187,000, pursuant to the
terms and conditions of the pre-petition purchase and sale
agreement.

The assumption of the Contract is approved and authorized.

The sale is free and clear of all liens, claims and encumbrances,
with any liens, claims, and encumbrances to attach to the sale
proceeds.

The Debtor is further authorized to take the actions necessary to
complete the sale, including the payment of appropriate closing
costs and expenses as provided for in the Contract, the undisputed
portions of all outstanding liens and encumbrances owed by the
Debtor on the Property, and the satisfaction of the Chase Bank
mortgage on the Property.

At the closing, the Debtor is authorized to pay the real estate
brokers their commissions from the sales proceeds.

The stay requirement enumerated in Federal Rule of Bankruptcy
Procedure Rule 6004(h) is expressly waived, and the Order will not
be subject to an automatic 14-day stay.  Notwithstanding anything
contained in Federal Rule of Bankruptcy Procedure Rules 6004, 6006
or 6007 to the contrary, the Order will be final, effective and
enforceable immediately upon entry.

                    About Palm Healthcare Co.

Palm Healthcare Company -- http://palmhealthcare.com/-- owns and
operates an addiction treatment center in Delray Beach, Florida.
The Company's treatment programs are structured as a combination of
12-Step model, cognitive therapy, behavioral therapy, holistic
modalities and aftercare services.

Palm Healthcare Company (Bankr. S.D. Fla. Case No. 19-19156) and
affiliates Palm Partners, LLC (Bankr. S.D. Fla. Case No. 19-19161),
Interloc Properties, LLC (Bankr. S.D. Fla. Case No. 19-19163), and
Miami Real Estate Trust, LLC (Bankr. S.D. Fla. Case No. 19-19164),
sought Chapter 11 protection on July 11, 2019.  

Palm Healthcare estimated assets and liabilities in the range of $0
to $50,000; and Palm Partners estimated assets in the range of $0
to $50,000, and debt of $1 million to $10 million.

The cases are assigned to Judge Erik P. Kimball.

The Debtors tapped Robert C. Furr, Esq., at Furrcohen P.A. as
counsel.


PALM HEALTHCARE: May Use Cash Collateral
----------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida
approves the request of (1) Palm Healthcare Company, Inc., (2) Palm
Partners, LLC, (3) Interloc Properties LLC, and (4) Miami Real
Estate Trust, LLC, to use cash collateral of Fifth Third Bank and
Mckesson Corporation through and including August 15, 2019.

Robert C. Furr, Esq., of Furr and Cohen, P.A., counsel to the
Debtors, reports that:

   * Each of the Debtors will use the cash collateral to pay the
expenses specific to each such Debtor;

   * As adequate protection for use of the cash collateral:

      i. Fifth Third Bank is granted a first priority post-petition
lien on all cash the Debtors generate after the Petition Date;  

     ii. Palm Partners, LLC grants to McKesson a second priority
post-petition lien on all cash it generates post-petition to the
extent of any lien existing before the petition date, subject to
payment of unpaid fees, and fees due to the Clerk of Court.

A hearing on the matter is set on Aug. 15, 2019 at 10:30 a.m. at
Flagler Waterview Building, 1515 N Flagler Dr Room 801 Courtroom B,
West Palm Beach Florida, FL 33401.

                     About Palm Healthcare Co.

Palm Healthcare Company -- http://palmhealthcare.com/-- owns and
operates an addiction treatment center in Delray Beach, Florida.
The Company's treatment programs are structured as a combination of
12-Step model, cognitive therapy, behavioral therapy, holistic
modalities and aftercare services.

Palm Healthcare Company (Bankr. S.D. Fla. Case No. 19-19156) and
affiliates Palm Partners, LLC (Bankr. S.D. Fla. Case No. 19-19161),
Interloc Properties, LLC (Bankr. S.D. Fla. Case No. 19-19163), and
Miami Real Estate Trust, LLC (Bankr. S.D. Fla. Case No. 19-19164),
sought Chapter 11 protection on July 11, 2019.  

Palm Healthcare estimated assets and liabilities in the range of $0
to $50,000.  Palm Partners estimated assets in the range of $0 to
$50,000, and $1 million to $10 million in debt.

The cases are assigned to Judge Erik P. Kimball.

The Debtors tapped Robert C. Furr, Esq., at Furrcohen P.A., as
counsel.


PARALLAX HEALTH: Execs Say Going Concern Doubt Exists at March 31
-----------------------------------------------------------------
Parallax Health Sciences, Inc., filed its quarterly report on Form
10-Q, disclosing a net loss of $1,674,115 on $50,990 of revenue for
the three months ended March 31, 2019, compared to a net loss of
$3,856,469 on $4,890 of revenue for the same period in 2018.

At March 31, 2019, the Company had total assets of $1,360,774,
total liabilities of $7,845,649, and $6,484,875 in total
stockholders' deficit.

The Company has incurred losses since inception resulting in an
accumulated deficit of $18,946,375, and a working capital deficit
of $5,599,653, and further losses are anticipated.  The Company's
ability to continue as a going concern is dependent upon its
ability to generate profitable operations in the future and/or to
obtain the necessary financing to meet its obligations and repay
its liabilities arising from normal business operations when they
come due, which may not be available at commercially reasonable
terms.

Chief Executive Officer Paul R. Arena and Chief Financial Officer
Calli R. Bucci said that there can be no assurance that the Company
will be able to continue to raise funds, in which case the Company
may be unable to meet its obligations and the Company may cease
operations.  These factors, among others, raise substantial doubt
about the Company's ability to continue as a going concern.

The executives also stated, "The Company will require additional
financing in order to proceed with its plan of operations,
including approximately $3,000,000 over the next 12 months to pay
for its ongoing expenses.  These cash requirements include working
capital, general and administrative expenses, the development of
the Company's product line, and the pursuit of acquisitions.  These
cash requirements are in excess of the Company's current cash and
working capital resources.  Accordingly, the Company will require
additional financing in order to continue operations and to repay
its liabilities.  There is no assurance that the financing will be
completed as planned or at all.  If the Company is unable to secure
adequate capital to continue the Company's planned operations, the
Company's shareholders may lose some or all of their investment and
the Company's business may fail."

A copy of the Form 10-Q is available at:

                       https://is.gd/nLh8sB

Parallax Health Sciences, Inc. builds and expands an integrated
digital healthcare network with products and services that can
provide remote communication, diagnosis, treatment, and monitoring
of patients on a proprietary platform. The company was formerly
known as Endeavor Power Corporation and changed its name to
Parallax Health Sciences, Inc. in January 2014. Parallax Health
Sciences, Inc. was incorporated in 2005 and is headquartered in
Santa Monica, California.



PRESTIGE HEALTH: Case Dismissed; Cash Use Hearing Cancelled
-----------------------------------------------------------
Judge Christopher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts cancelled the August 27, 2019 hearing on
the request of Prestige Health Care Services, Inc. to continue to
use of cash collateral, the case having been dismissed.  

               About Prestige Health Care Services

Based in Worcester, MA, Prestige Health Care Services, Inc. --
https://www.prestigehcs.com/ -- provides these health care
services: skilled nursing, medical social services, private pay
services, physical therapy, occupational therapy, and home health
aide.  In addition, Prestige Health specializes in caring for
workers who contracted illnesses while working in the uranium
industry during the Cold War.

Prestige Health Care Services sought Chapter 11 protection (Bankr.
D. Mass. Case No. 19-40852) on May 22, 2019.  In the petition
signed by Isdory Lyamuya, president, the Debtor estimated up to
$50,000 in assets and $1 million to $10 million in liabilities.
The Hon. Christopher J. Panos oversees the case.  Richard N.
Gottlieb, Esq., at Law Offices Of Richard N. Gottlieb, serves as
bankruptcy counsel.


QUEBECOR MEDIA: S&P Raises Issuer Credit Rating to 'BB+'
--------------------------------------------------------
S&P Global Ratings raised its issuer credit rating (ICR) on
Montreal-based media and communications provider Quebecor Media
Inc. (QMI) to 'BB+' from ' BB'.

Leverage at QMI has remained moderate in spite of buying back the
company's equity interest from Caisse de depot et placement du
Québec (CDPQ) for C$1.54 billion and ongoing network investments,
according to S&P.  The rating agency also expects management to
maintain leverage close to 3x S&P's adjusted debt-to-EBITDA ratio
in the next two years.

CDPQ transaction had a significantly less-leveraging effect than
forecast. Until mid-2018, CDPQ held about 18.5% ownership in QMI.
Company management had always stated its intent to buy back the
equity interest such that Quebecor Inc. (QI; QMI's parent) would
become the sole owner of QMI; CDPQ's 18.47% equity stake in QMI was
valued at C$1.69 billion. Following the transaction, QMI exited
2018 with about a 3.3x adjusted debt-to-EBITDA ratio, which was
significantly lower than S&P's original expectation of 3.6x-3.8x. A
large driver behind the lower-leverage metrics was the ability and
willingness of QMI and QI management to complete the transaction
through cash on hand and settling convertibles with shares instead
of cash.

S&P expects management to maintain leverage close to 3x in the next
two years.

Following its conversation with management, S&P believes the
company will follow a financial policy such that QMI's S&P Global
Ratings' adjusted debt-to-EBITDA will remain near 3x. Its forecasts
incorporate ongoing capital expenditure including 5G
infrastructure, spectrum auctions, growing dividends, and modest
share buybacks for the next two years. In S&P's view, any merger
and acquisitions (M&A) transactions the company pursues will be
aimed at strengthening its regional business and should not
materially pressure leverage. In an event where management pursues
a large opportunistic transaction such that debt-to-EBITDA
approaches 4x, S&P would expect QMI to redeploy free cash flow for
debt reduction and bring leverage to the low 3x area within 24
months. S&P's debt calculations also include financial derivative
adjustments, capitalized leases, and all QI debt, including
convertibles.

The stable outlook on QMI reflects S&P's expectation that the
company's adjusted debt-to-EBITDA will improve to 3x. Although S&P
expects the company to increase its shareholder returns, the rating
agency believes management will do so in a prudent manner. S&P
forecasts steady earnings growth in the company's
telecommunications segment through QMI's cable subscription base,
wireless business expansion, and high margins, and the rating
agency expects the company's credit metrics to remain stable over
the next couple of years.

"We could raise the rating if QMI's adjusted debt-to-EBITDA
improves below 2.5x on a sustained basis with a commitment from
management to maintain leverage at those levels. At the same time
we would expect the company to defend its competitive position,
reflecting growing EBITDA and stable margins," S&P said.

"We could consider a lower rating if the company pursues
debt-funded share repurchases or embarks on an aggressive
investment strategy that pushes its adjusted debt-to-EBITDA ratio
beyond 3.5x for 12 months, with poor prospects for reducing debt,"
the rating agency said.


RETRIEVAL-MASTERS: LabCorp Steps Down as Committee Member
---------------------------------------------------------
The U.S. on June 2, 2019, filed a Notice Appointing Creditors
Committee in which Laboratory Corporation of America Holdings, End
Point Corp., and PCI Group Inc. were appointed to the Official
Committee of Unsecured Creditors in the Chapter 11 case of
Retrieval-Masters Creditors Bureau, Inc.

The Creditors' Committee has not selected a chairperson or retained
professionals to represent it in this Chapter 11 case.

LabCorp on July 29, 2019 filed a notice of resignation from the
Creditors' Committee.

LabCorp is represented by:

     Christopher R. Donoho, III, Esq.
     John D. Beck, Esq.
     HOGAN LOVELLS US LLP
     390 Madison Avenue
     New York, New York 10017
     Telephone: (212) 918-3000
     Facsimile: (212) 918-3100

           About Retrieval-Masters Creditors Bureau

Retrieval-Masters Creditors Bureau, Inc. (RMCB) provides financial
services. The Company operates as a recovery agency for consumer
collections.

Based in Elmsford, New York, Retrieval-Masters Creditors Bureau,
Inc. filed a voluntary petition for relief under the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 19-23185) on June 17, 2019. Steven
Wilamowsky at Chapman and Cutler LLP represents the Debtor as
counsel. The case is assigned to Judge Robert D. Drain.

On July 2, 2019, the Office of the United States Trustee appointed
the Official Committee of Unsecured Creditors in this Chapter 11
Case.


RIDGEMOUR MEYER: Court Affirms Judgment in Favor of Law Firm
------------------------------------------------------------
In the appeals case captioned Ridgemour Meyer Properties, LLC,
Appellant, v. Goetz Fitzpatrick, LLP, Appellee, 18 Civ. 5302 (KPF)
(S.D.N.Y.), District Judge Katherine Polk Failla affirms Bankruptcy
Judge Stuart M. Bernstein's findings in 2008 that Debtor Ridgemour
Meyer Properties, LLC had engaged in deceptive conduct with its
attorneys, Goetz Fitzpatrick LLP and that GF was entitled to
recover most, though not all, of the attorneys' fees it had billed
to RMP.

No party to this appeal protests the Bankruptcy Court's finding
that both RMP and Carbone engaged in misconduct in connection with
the Arbitration. RMP embraces that finding in the instant appeal,
believing that it has preclusive effect on GF's present claim for
attorneys' fees. Put more colloquially, RMP believes that what was
good for the goose in the state court (namely, the grant of summary
judgment against it in the Malpractice Action) must, both by law
and equity, be good for the gander in this Court (namely, the
dismissal of GF's claim for legal fees). GF, for its part, had
previously contested the Bankruptcy Court's findings, but now
acknowledges that the finding of misconduct may not be
relitigated.

What is more, no party to this appeal argues that GF's
representation of RMP was tainted from the start, or that it was
conceived with a mutual goal of deceiving GDC, the Arbitrator, or
the Bankruptcy Court. To the contrary, all of the evidence in the
case indicates -- and all of the decisions issued thus far have
concluded -- that it was late in the representation, after the
Arbitrator's decisions of June 18 and 28, 2008, that GF either
colluded with, or aided and abetted, RMP in recording the deeds and
in keeping that information from GDC and the Arbitrator.

This attention to chronology is significant. Before the Bankruptcy
Court, the parties focused on relative culpability, with GF
maintaining (with considerable record support) that RMP was the
first-in-time or principal wrongdoer. However, the Bankruptcy Court
correctly identified the relevant issue as one of timing -- that
unless GF's misconduct went to the heart of the representation, it
and Carbone would be entitled to fees incurred before its joint
misconduct with RMP took place. This determination accords with New
York law; it is not subject to preclusion or estoppel; and the date
determined by the Bankruptcy Court as the date on which GF was in
pari delicto with RMP was not erroneous, much less clearly so.
Conversely, RMP overstates the prior decisions of the Bankruptcy
Court and New York State courts, as well as the prior positions of
the parties. For all of these reasons, the Bankruptcy Court's order
is affirmed.

A copy of the Court's Opinion and Order dated March 15, 2019 is
available at https://bit.ly/2OnB08e from Pacermonitor.com at no
charge.

Joseph T. Adragna, Huntington, NY, for Appellant.

Scott David Simon, Gary M. Kushner, Goetz Fitzpatrick LLP, New
York, NY, for Appellee.

             About Ridgemour Meyer Properties

Headquartered in New York, Ridgemour Meyer Properties, LLC, is a
real estate developer.  The company filed for Chapter 11 protection
from its creditors on Aug. 11, 2008 (Bankr. S.D.N.Y. Case
No.08-13153).  Marc Stuart Goldberg, Esq., at M. Stuart Goldberg,
LLC, represents the Debtor.  When the Debtor filed protection from
its creditors, it listed both assets and debts between $10 million
and $50 million.


ROCKIES REGION: PDC to Pay $11.1MM for General Releases
-------------------------------------------------------
Rockies Region 2006 Limited Partnership and Rockies Region 2007
Limited Partnership filed an Amended Joint Chapter 11 Plan and
accompanying disclosure statement to, among other things, disclose
that an increase to $11,130,000 of the amount PDC Energy, Inc.,
will pay to the Debtors in exchange for general releases of any
causes of action of the limited partners.  The prior plan disclosed
that PDC will pay $5,280,000 in exchange for these releases.

Classes 3A and 3B: General Unsecured Claims are unimpaired. Each
holder of an Allowed General Unsecured Claim against a Debtor shall
be paid in full in Cash from the applicable Debtor on (or as soon
as reasonably practicable after) the Effective Date or fourteen
(14) days after such General Unsecured Claim becomes Allowed.

Classes 4A and 4B: Equity Interests are impaired. each holder of an
Allowed Equity Interest in a Debtor shall receive, in one or more
distributions at such time set forth in the Plan, (i) its Pro Rata
share of any Cash Consideration remaining with the applicable
Debtor after payment of Allowed Priority Claims, and Allowed Claims
in Classes 1A, 1B, 2A, 2B, 3A and 3B against the applicable Debtor
and (ii) its Pro Rata share of the RR 2006 Settlement Payment or
the RR 2007 Settlement Payment, as applicable, after payment of the
unpaid balance of the LP Plaintiffs’ Fee Award outstanding (if
any) after funds in the Administrative Reserve have been exhausted;
provided, that any holder of an Equity Interest who, on the Ballot,
opts out of the releases set forth in section 11.4 of the Plan,
shall not receive its share of the applicable Settlement
Payment(s).

The Plan contemplates that all of the Debtors' Cash on hand, and
all Cash received in connection with the sale of the Debtors'
assets and the settlement of claims against PDC, will be paid to
the holders of Allowed Claims and Allowed Equity Interests on the
terms set forth in the Plan.

A full-text copy of the Amended Disclosure Statement dated July 24,
2019, is available at https://tinyurl.com/yxfn83nh from
PacerMonitor.com at no charge.

Counsel to the Debtors are Jason S. Brookner, Esq., Lydia R. Webb,
Esq., and Amber M. Carson, Esq., at Gray Reed & McGraw LLP, in
Dallas, Texas.

Counsel to PDC Energy, Inc.:

     Joseph P. Rovira, Esq.
     Robin Russell, Esq.
     HUNTON ANDREWS KURTH LLP
     600 Travis, Suite 4200
     Houston, TX 77002
     Facsimile: (713) 220-4285
     Email: josephrovira@huntonak.com
            rrussell@huntonak.com

        --  and --

     Charles Elder, Esq.
     IRELL & MANELLA LLP
     1800 Avenue of the Stars, Suite 900
     Los Angeles, California 91436
     Telephone: (310) 277-1010
     Facsimile: (310) 203-7199
     Email: celder@irell.com

Counsel to LP Plaintiffs:

     Mark A. Weisbart, Esq.
     James S. Brouner, Esq.
     THE LAW OFFICE OF MARK A. WEISBART
     12770 Coit Rd., Suite 541
     Dallas, Texas 75251
     Telephone: (972) 628-4903
     Email: mark@weisbartlaw.net
            jbrouner@weisbartlaw.net

        -- and --

     Thomas G. Foley, Esq.
     FOLEY BEZEK BEHLE & CURTIS, LLP
     15 West Carrillo Street
     Santa Barbara, California 93101
     Telephone: (805) 962-9495
     Facsimile: (805) 962-0722
     Email: tfoley@foleybezek.com

                   About Rockies Region 2006 and
                        Rockies Region 2007

Rockies Region is a privately-subscribed West Virginia limited
partnership, which owns a working interest in wells located in
Colorado, from which the partnership produces and sells crude oil,
natural gas, and natural gas liquids.

Rockies Region 2006 Limited Partnership and Rockies Region 2007
Limited Partnership sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case Nos. 18-33513 and 18-33514)
on Oct. 30, 2018.   

Rockies Region 2006 disclosed $304,921 in assets and $3,034,219 in
liabilities, and Rockies Region 2007 reported $530,155 in assets
and $1,879,000 in liabilities as of the bankruptcy filing.

Judge Stacey G. Jernigan oversees the cases.  

The Debtors tapped Reed & McGraw LLP as legal counsel; BMC Group,
Inc., as noticing, solicitation, and tabulation agent; and Karen
Nicolaou, managing director of Harney Management Partners, as
responsible party.


SAN LUIS FACILITY: S&P Raises Bond Rating to B- on Improved Census
------------------------------------------------------------------
S&P Global Ratings raised its rating to 'B-' from 'CCC+' on San
Luis Facility Development Corp., Ariz.'s senior-lien taxable
refunding revenue bonds. The outlook is stable.

"The upgrade reflects our view of San Luis Facility Development
Corp.'s improved and stabilizing census, as a result of a new
facility operation and management agreement for the period
beginning Dec. 1, 2018 through Nov. 30, 2019," said S&P Global
Ratings credit analyst Angel Bacio. Through the duration of the
agreement, full set-asides for principal and interest have been
made and all operator expenses have been funded.

"Despite the improved census and financial operations, our intend
on withdrawing our rating on the bonds, as we have been unable to
obtain meaningful contact with the U.S. Marshal Service (USMS),"
said Mr. Bacio. In U.S. public finance, S&P generally expects to
receive information requested within three months. S&P views the
limited and incomplete access provided by these parties as a
deviation from an expected credit trend, and we believe that
additional information is necessary to evaluate the current
ratings.

The bonds are secured by revenue generated by a detainees from USMS
and ICE, primarily. The contract is perpetually renewed every 100
calendar days unless terminated (with 30 days' notice). It is an
"as needed" contract without a minimum guarantee, which S&P views
as weak.

"The stable outlook reflects the recent stabilized operations and
population as well as the end of the forbearance period," added Mr.
Bacio. S&P believes there is uncertainty as to how the facility and
operator will perform when the flow of funds returns to the prior
construct.


SCHAEFER AMBULANCE: $660K Sale of Hacienda Heights Property Okayed
------------------------------------------------------------------
Judge Neil W. Bason of the U.S. Bankruptcy Court for the Central
District of California authorized Schaefer Ambulance Service,
Inc.'s sale of the residential real property commonly known as
15424 Gale Avenue, Hacienda Heights, California, APN 8218-015-006,
to Yingying Zhang and James Phu for $660,000.

A hearing on the Motion was held on July 30, 2019 at 2:00 p.m.

The overbid procedures, as described in the Sale Motion and as
orally modified on the record at the Hearing, are approved.

The sale of the Property to the Purchasers will be effective only
upon payment in full to the Debtor by the Purchasers of the
Purchase Price, of which only $19,980 was tendered prior to the
Hearing, with the balance of funds due and payable through escrow
for the purchase of the Property within seven calendar days after
entry of the Order.

In the event the Purchasers fail to tender full payment to the
Debtor, the Deposit will be non-refundable and completely forfeited
to the Debtor.

The sale of the Property is on an "as is” and “where is" basis,
without any representations or warranties whatsoever.

The Property will be sold and transferred from the Debtor to the
Purchasers free and clear of liens, claims, interests and
encumbrances, except for any and all easements, covenants, and
taxes not yet due and owing, subject to which the Purchasers will
take the Property.

The payment of the real estate brokers' commission, totaling 4.5%
of the Purchase Price, and ordinary costs of sale will be made
directly from escrow at the closing of the sale.

The Debtor is authorized to pay past due real property taxes and
real property insurance premiums, if any, directly from escrow on
the Property.

               About Schaefer Ambulance Service

Schaefer Ambulance Services, Inc. -- http://www.schaeferamb.com/--
is an emergency medical services provider specializing in basic
life support; paramedic; critical care; neonatal; event standbys;
and other specialized medical services.  The Company offers ground
transport for hospitals, urgent care centers, convalescent homes,
physicians, insurance companies, fire departments and
private/public events.  Schaefer Ambulance was founded by Walter
Schaefer in 1932.

Schaefer Ambulance Services filed a Chapter 11 petition (Bankr.
C.D. Cal. Case No. 19-11809) on Feb. 20, 2019.  In the petition
signed by Leslie Maureen McNeal, treasurer, the Debtor estimated $1
million to $10 million in assets and $1 million to $10 million in
liabilities.  The case is assigned to Judge Neil W. Bason.  The
Debtor is represented by Craig G. Margulies, Esq., at Margulies
Faith LLP.

On May 3, 2019, the Court appointed BidMed, LLC as Asset
Liquidation Broker.



SCOTTY'S HOLDINGS: Auction Sale of All Scotty's Thr3e Assets Okayed
-------------------------------------------------------------------
Judge Jeffrey J. Graham of the U.S. Bankruptcy Court for the
Southern District of Indiana authorized Scotty’s Thr3e Wise Men
Brewing Co., LLC, an affiliate of Scotty's Holdings, LLC, to sell
substantially all assets by public auction to a successful bidder
on a "turn-key" basis, as part of a process that also assumes and
assigns the Lease with the Landlord to a successful bidder, on Aug.
1, 2019.

In the event there is not a successful bidder at the Entireties
Auction, then the Debtor is authorized to sell the Assets at a
public auction on a piecemeal basis on Aug. 14, 2019.

The Debtor is authorized to sell the Assets at the Entireties
Auction or the Piecemeal Auction free and clear of any and all
liens, claims, interests, and encumbrances in, on, to, or against
the Assets.

The Equipment's net sale proceeds (per the distribution described)
will be distributed to Huntington at the closing and without
further Court order.

The amount due and owing to Landlord from the Entireties Auction
(per the distribution described will be distributed to Landlord at
closing and without further Court order.

The License's proceeds, will be subject to liens, claims,
interests, and encumbrances, if any, in the same manner and
priority as they exist on the date of the order.  The Debtor and
any person or entity claiming or asserting a lien, claim, interest,
and/or encumbrance in the License, or the sale proceeds thereof
will have their rights reserved to assert such interest in the sale
proceeds at a later time.

All creditors and parties in interest that assert or hold a lien,
claim, interest, or encumbrance against the Assets will be, and
are, following closing, forever barred, estopped, and permanently
enjoined from asserting such lien against the Purchaser(s), its
successor(s), its assigns, or the Assets.

The Assets are being sold "as-is" with no express or implied
warranty.

The cure amount for the Lease is $35,000.

The distribution of any sale proceeds from the Entireties Auction
will be distributed as follows:

     i. If the successful bid equals $275,000, then the Debtor's
estate will receive $40,000 for the liquor license to be
held in trust with Debtor's counsel, Landlord will receive $35,000
for the Cure, and the $200,000 for the Equipment will be paid as
follows:

          a. Seller's premium of 5% to Auctioneer - $12,000;

          b. Marketing expense reimbursement to Auctioneer -
$4,500;

          c. Carve-out to the Debtor's counsel - $15,000; and

          d. Remainder paid to Huntington totaling $168,500.

     ii. If the successful bid is greater than the Minimum
Conforming Bid up to a total of $396,500, then Huntington will
receive all of the additional funds except for any increase in the
seller’s premium owed to the Auctioneer; by way of example, if
the successful bid is $396,500, then the Debtor's estate will
receive $40,000 for the liquor license to be held in trust with the
Debtor's counsel, Landlord will receive $35,000 for the Cure, and
the $321,500 for the Equipment will be paid as follows:

          a. Seller's premium of 5% to Auctioneer - $18,075;

          b. Marketing expense reimbursement to Auctioneer -
$4,500;

          c. Carve-out to the Debtor's counsel $15,000; and

          d. Remainder paid to Huntington totaling $283,925.

     iii. If the successful bid is greater than $396,500.00, then
any excess funds after paying: Landlord $35,000; the estate
$40,000; the Seller's premium to Auctioneer; the $4,500 marketing
expense reimbursement to Auctioneer; the $15,000 carve-out to the
Debtor's counsel; and $283,925 to Huntington for the Equipment will
be split as follows:

          a. 50% of the proceeds to Huntington;

          b. 25% of the proceeds to the estate; and

          c. 25% of the proceeds to Landlord.

The distribution of any sale proceeds from the Piecemeal Auction
will be distributed as follows:

     i. The Estate will be paid the net proceeds for the Liquor
License after paying the Auctioneer the 10% seller's premium; and

     ii. Huntington will be paid the net proceeds for the Equipment
sales after paying: the Auctioneer the 10% seller's premium for
each item sold; reimbursing the Auctioneer $6,500 for marketing
expenses associated with both auctions; and allowing $15,000 to be
paid to the Debtor's counsel.

Huntington has waived the right to credit bid at the Entireties
Auction or the Piecemeal Auction.

The Landlord is not prejudiced from asserting an administrative
claim against the Debtor's estate for obligations owed above and
beyond the Cure (or any additional monies the Landlord receives as
part of the Entireties Auction above the Cure if the successful bid
is large enough and as discussed above regarding sale proceed
distribution), and said administrative claim is not capped.

The Landlord is not prejudiced from asserting a claim for lease
rejection damages in the event the Lease is rejected.  The Debtor
reserves any and all defenses or argumentsit might have against the
Landlord's potential administrative claim or lease rejection
claim.

In the event the Piecemeal Auction occurs, then the hood in the
kitchen and the coolers and walk-in refrigeratorsshall not be
removed or sold by the Auctioneer.  

In the event the Piecemeal Auction occurs, the auctioneer will take
reasonable efforts to assist in ensuring that the purchasers
properly cap any electrical or plumbing and take reasonable efforts
to ensure that as items are removed, repairs are made with regard
to any significant or material damage to drywall, flooring or other
space.

In the event the Piecemeal Auction occurs, the parties have until
Aug. 28, 2019, to remove any of the Assets they purchased.

In the event the Entireties Auction is not held or there is not a
successful bid, then the Lease will be deemed to be automatically
rejected as of Aug.31, 2019; provided, however, that the Debtor may
continue to use the Premises for the Piecemeal Auction and to allow
removal of any Assets sold until Aug. 28, 2019.

The following bid procedures apply to the Entireties Auction:

     i. The minimum bid is $275,000, which includes the Cure;

     ii. Bid increments will be determined solely by the Auctioneer
and the Debtor;

     iii. A 10% buyer's premium must be paid in addition to any
successful bid; and the successful bid at the Entireties Auction is
subject to the Debtor's approval and acceptance.

Any successful bidder at the Entireties Auction is required to
provide a non-refundable deposit on the day of sale in the amount
of $25,000 and will fund the balance of the successful bid within
48 hours of the Debtor approving and accepting the successful
bid.

The following bid procedures apply to the Piecemeal Auction:

     i. There is not a minimum bid;

      ii. The starting bid and bid increments will be determined
solely by the Auctioneer and the Debtor; and

     iii. A 15% buyer's premium must be paid in addition to any
successful bid.

The Piecemeal Auction is an absolute auction.  The successful
bidders at the Piecemeal Auction will be required to fund their
successful bidsin full via cash, wire transfer, or other payment
method acceptable to the Debtor and the Auctioneer on the day of
the Piecemeal Auction.

The Auctioneer has the exclusive right to sell the Assets through
the Entireties Auction or Piecemeal Auction and may only sell the
Assets at the contemplated auctions.

The provisions of the Order will become effective immediately, and
that the Federal Rule of Bankruptcy Procedure 6004(h)'s 14-day stay
is waived.

                     About Scotty's Holdings

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

Scotty's Holdings, LLC, and its affiliates, including Scotty's
Brewhouse, filed voluntary petitions seeking relief under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Ind. Lead Case No. 18-09243)
on Dec. 11, 2018.  In the petitions signed by Berekk Blackwell,
executive manager, Scotty's Holdings estimated $1 million to $10
million in both assets and liabilities and Scotty's Brewhouse
estimated $100,000 to $500,000 in both assets and liabilities.

The Debtors hired Quarles & Brady LLP, and Hester Baker Krebs LLC,
as attorneys.


SEDGWICK INC: S&P Affirms 'B' ICR on Debt Issuance for Acquisition
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B' issuer credit ratings on
Sedgwick Inc. and its subsidiary Sedgwick Claims Management
Services Inc. (SCMS; (collectively, Sedgwick). The outlook is
stable. At the same time, S&P assigned its 'B' issue-level rating
(with a '3' recovery rating) to the incremental term loan.

Sedgwick's acquisition of York will solidify its leading market
position in the TPA industry. Sedgwick's revenue base will rise by
nearly a third, reaching $3.5 billion (pro forma 2018). Sedgwick's
growing scale is a key competitive advantage given its fee-based
revenue and the importance of operating efficiency in the TPA
industry. S&P believes the acquisition will enhance Sedgwick's
organic growth prospects. Sedgwick and York compete in the same TPA
and property loss-adjustment industries. However, York specializes
in subsegments (middle-market and public entities, pool
administration) where Sedgwick is relatively underpenetrated.
Sedgwick also gains York's managed care business, which provides
medical cost-containment services that are integral to workers
compensation and disability claims management.

The stable outlook reflects S&P's expectation that Sedgwick will
generate pro forma revenue of close to $3.6 billion and adjusted
EBITDA of $590 million-$610 million in 2019, and revenue of $3.8
billion and adjusted EBITDA of $630 million-$660 million in 2020.
S&P expects pro forma adjusted leverage of 7.5x-8.0x at year-end
2019 and 7.0x-7.5x at year-end 2020. It also expects pro forma
EBITDA interest coverage near 2x in 2019-2020.

"We could lower our ratings in 2019-2020 if lower-than expected
EBITDA or additional debt issuance leads to sustained leverage
above 8.5x or EBITDA interest coverage below 2x," S&P said.

"We could raise our ratings in 2020 or thereafter if Sedgwick
integrates York with no major issues, and translates its growing
scale and diversity from recent acquisitions into sustainable
organic growth and EBITDA margin improvement. An upgrade would also
depend on Sedgwick meeting our leverage expectations," S&P said.


SENIOR CARE: Cedar Park Objects to Disclosure Statement
-------------------------------------------------------
Cedar Park Healthcare, LLC, ("CPH"), objects to the approval of the
Disclosure Statement explaining the Plan of Reorganization of
Senior Care Centers, LLC, et al.

CPH points out that the releases proposed under the Plan are unduly
broad, overreaching, and do not comport with cases which have
addressed the propriety and applicable standards for the granting
of releases.

CPH further points out that the Plan contains broad release and
exculpation provisions in favor of non-debtors including "Related
Parties."

According to CPH, the Fifth Circuit held "the permanent injunction
as entered improperly discharged potential debt of a non-debtor."

Counsel for Cedar Park Healthcare, LLC:

     Leighton Aiken, Esq.
     FERGUSON BRASWELL FRASER KUBASTA PC
     2500 Dallas Parkway, Suite 600
     Plano, TX 75093
     Telephone: 972-378-9111
     Facsimile: 972-378-9115
     Email: laiken@fbfk.law

                    About Senior Care Centers

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

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

The Debtors tapped Polsinelli PC as bankruptcy counsel; Hunton
Andrews Kurth LLP as conflicts counsel; Sitrik and Company as
communications consultant; and Omni Management Group, Inc. as
claims, noticing, and administrative agent.

On Dec. 14, 2018, the Office of the United States Trustee appointed
an official committee of unsecured creditors in the Chapter 11
cases.  The committee tapped Greenberg Traurig, LLP, as counsel,
and FTI Consulting, Inc., as its financial advisor.


SENIOR CARE: CHI Javelin Landlords Object to Disclosure Statement
-----------------------------------------------------------------
CHI Javelin LLC, CHI Javelin Winters Park LLC, CHI Javelin Denison
LLC, CHI
Javelin Frisco LLC, CHI Javelin Allen LLC, and CHI Javelin Vista
Ridge LLC (collectively "CHI Javelin Landlords"), objects to the
approval of the Disclosure Statement explaining the Plan of
Reorganization of Senior Care Centers, LLC, et al.

According to CHI Javelin Landlords, the Disclosure Statement should
not be approved because it fails to provide adequate information,
pursuant to section 1125(b) of the Bankruptcy Code.

CHI Javelin Landlords complain that the Debtors fail to provide
information sufficient to satisfy the majority of the factors, and
fail to provide sufficient information.

CHI Javelin Landlords point out that the Debtors' Disclosure
Statement should not be approved because the Debtors' Plan is not
confirmable as a matter of law. In addition to failing to provide
sufficient detail regarding exit financing, the Plan fails to
provide a meaningful liquidation analysis showing that it meets the
best interests of creditors test, and the Plan does not identify
leases to be assumed or commit to assuming any leases, which
renders any financial projections meaningless.

CHI Javelin Landlords further point out that the Plan is
substantively deficient without the documents contained in the Plan
Supplement. For those and other reasons, the Plan, as it currently
stands, is not confirmable as a matter of law.

Attorneys for the CHI Javelin Landlords:

     Joseph J. Wielebinski, Esq.
     Jason A. Enright, Esq.
     WINSTEAD PC
     500 Winstead Building
     2728 N. Harwood Street
     Dallas, Texas 75201
     Phone: (214) 745-5400
     Fax: (214) 745-5390

                    About Senior Care Centers

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

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

The Debtors tapped Polsinelli PC as bankruptcy counsel; Hunton
Andrews Kurth LLP as conflicts counsel; Sitrik and Company as
communications consultant; and Omni Management Group, Inc. as
claims, noticing, and administrative agent.

On Dec. 14, 2018, the Office of the United States Trustee appointed
an official committee of unsecured creditors in the Chapter 11
cases.  The committee tapped Greenberg Traurig, LLP, as counsel,
and FTI Consulting, Inc., as its financial advisor.


SENIOR CARE: Orix Real Estate Objects to Disclosure Statement
-------------------------------------------------------------
Orix Real Estate Capital, LLC, successor by merger to Lancaster
Pollard Mortgage Company LLC and Red Mortgage Capital, LLC
("ORIX"), objects to the approval of the Disclosure Statement
explaining the Plan of Reorganization of Senior Care Centers, LLC,
et al.

ORIX asserts that the Disclosure Statement does not contain any
detailed information regarding the value of the Debtors' assets or
amount of the Debtors' unsecured liabilities except for the cursory
information contained in the Debtors' liquidation analysis.

ORIX complains that the Disclosure Statement does contain
sufficient information regarding the proposed exit financing to be
obtained by the Debtors, including identifying the lender, the
amount and the terms of the proposed exit financing.

According to ORIX, the Disclosure Statement does not describe the
assets to be conveyed to the liquidating trust, the identity of the
liquidating trust or the terms of the trust.

ORIX points out that the Plan appears to violate the absolute
priority rule by making distributions of equity to management
without satisfying claims of creditors with higher priority.

ORIX asserts that the Plan provides for releases of third parties
which are not permissible under the Bankruptcy Code and applicable
law in this District and Circuit.

Counsel for Orix:

     Susan C. Mathews, Esq.
     Baker, Donelson, Bearman, Caldwell & Berkowitz, PC
     1300 McKinney, Suite 3700
     Houston, Texas 77010
     Telephone: (713) 650-9700
     Facsimile: (713) 650-9701
     Email: smathews@bakerdonelson.com

                    About Senior Care Centers

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

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

The Debtors tapped Polsinelli PC as bankruptcy counsel; Hunton
Andrews Kurth LLP as conflicts counsel; Sitrik and Company as
communications consultant; and Omni Management Group, Inc. as
claims, noticing, and administrative agent.

On Dec. 14, 2018, the Office of the United States Trustee appointed
an official committee of unsecured creditors in the Chapter 11
cases.  The committee tapped Greenberg Traurig, LLP, as counsel,
and FTI Consulting, Inc., as its financial advisor.


SENIOR CARE: U.S. Government Objects to Disclosure Statement
------------------------------------------------------------
The United States of America objects to the approval of the
Disclosure Statement explaining the Plan of Reorganization of
Senior Care Centers, LLC, et al.

The U.S. Government points out that the Debtors' Disclosure
Statement briefly touches on some of the Metrocraft factors, but
lacks the necessary details to allow the creditors a true and
fulsome understanding of the Plan's mechanics, its feasibility, and
its many risks.

The U.S. Government further points out that the Disclosure
Statement fails to properly apprise the creditors of the regulatory
approvals necessary to carry out the currently proposed Plan, thus
hindering the creditors' ability to properly weigh the Plan's
feasibility and fairness.

According to the U.S. Government, the Debtors have not discussed
the proposed Exit Facility with HUD and have not sought HUD's
consent.

The U.S. Government asserts that the HUD regulation does not permit
comingling of funds between HUD Projects and non-HUD facilities
when deposits cannot be readibly and reliably traced and does not
permit cross-collateralization between these facilities.

The U.S. Government complains that the substantive consolidation
request is further complicated by the fact that the Debtors are now
grouped into Reorganized Facilities and Rejected Facilities.

According to the U.S. Government, due to binding precedent in the
Fifth Circuit, the Plan is unconfirmable on its face.

                    About Senior Care Centers

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

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

The Debtors tapped Polsinelli PC as bankruptcy counsel; Hunton
Andrews Kurth LLP as conflicts counsel; Sitrik and Company as
communications consultant; and Omni Management Group, Inc. as
claims, noticing, and administrative agent.

On Dec. 14, 2018, the Office of the United States Trustee appointed
an official committee of unsecured creditors in the Chapter 11
cases.  The committee tapped Greenberg Traurig, LLP, as counsel,
and FTI Consulting, Inc., as its financial advisor.


SHIELDS HEALTH: Moody's Assigns B3 CFR, Outlook Stable
------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating and
a B3-PD Probability of Default Rating to Shields Health Solutions
Holdings, LLC. Moody's also assigned B3 ratings to the company's
proposed senior secured first lien credit facilities. The senior
secured first lien credit facilities are comprised of a $15 million
revolver expiring in 2024 and a $200 million term loan due 2026.
The outlook is stable.

Proceeds from the $200 million term loan, along with new cash
equity of approximately $399 million contributed by Welsh, Carson,
Anderson & Stowe and Walgreens Boots Alliance, Inc., will be used
to finance the transaction that will transfer the majority
ownership to the two investors. After the transaction, Shields
Health will be approximately 35% owned by WCAS, 25% by Walgreens,
17% by UMass Memorial Healthcare and the remaining 23% by the
company's management and other shareholders.

Ratings Assigned:

Shields Health Solutions Holdings, LLC

Corporate Family Rating at B3

Probability of Default Rating at B3-PD

$15 million senior secured 1st lien revolver expiring
2024 at B3 (LGD3)

$200 million senior secured 1st lien term loan due 2026
at B3 (LGD3)

Outlook stable

RATINGS RATIONALE

The B3 CFR reflects Shields Health's small scale of operations
relative to the overall specialty pharmacy industry, high financial
leverage and risks related to recent and ongoing consolidation of
insurers and pharmacy benefit managers (PBMs). Although Shields
Health's access to PBM network coverage is currently favorable,
there is risk that these payors attempt to redirect prescriptions
to their in-house specialty pharmacies. The B3 CFR is also
constrained by exposure to potential modifications to the US
government's 340B program that could diminish pharmacy profit
margins of client health systems. The 340B program enables Shields
Health's clients to purchase outpatient drugs at discounted prices
which can be dispensed through on-site specialty pharmacies at a
good profit margin. The rating also considers a significant
concentration of Shields Health's revenue and profits on its
biggest client -- UMass Memorial Health Care. However, this
concentration risk is partially mitigated by UMass' material equity
stake and its long-term contract with Shields Health.

The company's CFR benefits from sustained growth in demand for
specialty pharmacy and health systems' strong desire to grow its
on-site specialty pharmacy business, assuming no changes to the
340B program. Moody's expects that the demand for Shields Health's
services will grow rapidly given the size of the untapped market
and mutual benefit the company brings to health system partners.
The rating also benefits from a mutually beneficial and sticky
nature of Shields Health's relationship with health systems.
Walgreen's equity investment in the company is also a positive
factor supporting Shields Health's rating.

Moody's estimates that the company's adjusted debt/EBITDA
(including Moody's standard adjustments and pro forma run-rate
adjustments) will be approximately 5.5 times at the end of 2019.
Moody's expect that the company will generate positive free cash
flow given its good profit margins, low working capital
requirements and low capital expenditure needs. However, the
company is likely to periodically invest in developing/procuring
infrastructure to provide services to its clients (like new
software or a major upgrade) which would require upfront
investments.

The outlook is stable. The stable outlook reflects Moody's
expectation that although revenue and operating earnings will grow
in the near term, business risks will remain high until the company
demonstrates a longer track record as it onboards new clients.

Ratings could be upgraded if Shields Health materially increases
its size and scale. A longer track record of partnering with
multiple health systems, thereby reducing concentration risk will
also be supportive for the company's ratings. Additionally,
debt/EBITDA sustained below 4.0 times could support an upgrade.

Ratings could be downgraded if the company's liquidity and/or
operating performance weakens, or if the company fails to
effectively manage its rapid growth. A loss of a key contract with
one of the largest health system clients could also lead to a
downgrade. The company's ratings could also be downgraded if
debt/EBITDA is sustained above 7.0 times.

Shields Health Solutions Holdings, LLC, headquartered in Stoughton,
MA, is a specialty pharmacy integrator who partners with health
systems and creates hospital-owned specialty pharmacy programs. As
of July 2019, the company partnered with 248 hospitals across 37
health systems in 20 states. The company handles limited
distribution drug (LDD) contracts, payor contracts, pharmacy
accreditations, data analytics infrastructure set up for the
hospital-owned specialty pharmacies. Pro forma revenues for fiscal
2019 are approximately $111 million.


SINTX TECHNOLOGIES: Alpha Capital Reports 5.6% Stake as of July 29
------------------------------------------------------------------
Alpha Capital Anstalt disclosed in a Schedule 13G/A filed with the
Securities and Exchange Commission that as of July 29, 2019, it
beneficially owns 40,772 warrants to purchase shares of common
stock of SINTX Technologies, Inc., which represents 5.61 percent
based on a number of outstanding shares equal to 726,455 shares as
disclosed in the Form 424B5 filed on June 4, 2019 and a one for
thirty reverse stock split effective July 26, 2019.  A full-text
copy of the regulatory filing is available for free at:

                       https://is.gd/0SmCh7

                      About SINTX Technologies

SINTX Technologies -- https://ir.sintx.com/ -- is an OEM ceramics
company that develops and commercializes silicon nitride for
medical and non-medical applications.  The core strength of SINTX
Technologies is the manufacturing, research, and development of
silicon nitride ceramics for external partners.  The Company
presently manufactures silicon nitride spinal implants in its ISO
13485 certified manufacturing facility for CTL-Amedica, the
exclusive retail channel for silicon nitride spinal implants.

The Company reported a net loss attributable to common stockholders
of $22.55 million for the year ended Dec. 31, 2018, compared to a
net loss attributable to common stockholders of $9.32 million for
the year ended Dec. 31, 2017.  As of March 31, 2019, the Company
had $10.25 million in total assets, $3.48 million in total
liabilities, and $6.77 million in total stockholder's equity.

Tanner LLC, in Salt Lake City, Utah, the Company's auditor since
2017, issued a "going concern" qualification in its report dated
March 8, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company has
recurring losses from operations and negative operating cash flows
and needs to obtain additional financing to finance its operations.
These issues raise substantial doubt about the Company's ability
to continue as a going concern.


SWIFT AIR: Ruling on Final Orders in Suit vs Redeye, et al., Issued
-------------------------------------------------------------------
In the adversary proceeding captioned MORRISANDERSON & ASSOCIATES,
LTD., Litigation Trustee for the Reorganized Debtor, Plaintiff, v.
REDEYE II, LLC, et al., Defendants, Adversary No. 2:14-ap-00534-DPC
(Bankr. D. Ariz.), Bankruptcy Judge Daniel P. Collins finds that
the Court lacks the authority to enter final orders as to
Plaintiff's breach of fiduciary duty claims; (2) the Court has the
authority to enter final orders as to all Defendants referring to
Plaintiff's preference claims; and the Court has the authority to
enter final orders as to Defendants Swift Aviation Group, Inc.,
Swift Aircraft Management, LLC, Transjet, Inc., Transpay, Inc. and
the Transjet Subs as to the fraudulent transfer claims but lacks
the authority to do so for all remaining Defendants.

Plaintiff and Defendants agree (and so does the Court) that, under
the facts of this case, this Court does not have the authority to
enter final judgment on Plaintiff's breach of fiduciary duty
claims. These state law claims are denoted as "non-core." The Court
will submit to the District Court its findings of fact and
conclusions of law related to Plaintiff's breach of fiduciary duty
claims. The District Court will then presumably conduct a de novo
review of the findings and conclusions and enter final judgment on
the fiduciary duty claims.

Defendants assert that the Court should issue a report and
recommendation as to all Defendants and that the Court lacks the
authority to enter final judgment on the preference claims against
Defendants who did not file proofs of claim in this bankruptcy
case. Plaintiff contends that the Defendants who filed proofs of
claim have submitted themselves to this Court's authority. As to
those Defendants who did not file proofs of claim, Plaintiff argues
that Defendants raised set off defenses and, therefore, have
submitted themselves to the claims adjudication process (and the
Court's authority to enter final orders).

Stern applies two distinct criteria to determine a bankruptcy
court's constitutional authority to enter final orders. First,
whether the action stem from the bankruptcy itself. Second, whether
the claim necessarily be resolved in the claims allowance process.

The Supreme Court's admonition as to the narrow scope of Stern,
together with preference law being a creature of the Bankruptcy
Code that bears directly upon the determination of claims against a
bankruptcy estate, leads this Court to determine that all the
preferential transfer avoidance claims are the type of "core
proceedings" over which this Court has the authority to enter final
orders, regardless of whether a given Defendant filed a proof of
claim in this case.

This Court finds all Defendants named in Plaintiff's preference
claims are subject to this Court's authority to enter final orders
on such claims, whether they filed a proof of claim or not.

On the fraudulent transfer claim, the Court concludes that
Defendants' Answer to Plaintiff's Complaint timely challenged this
Court's authority to enter final orders. Other than Transjet, Inc.,
at no time after Defendants' Answer did they then consent to this
Court's authority or waive their earlier challenge to this Court's
authority to enter final orders in this Adversary Proceeding. All
Defendants who did not file claims in this case and did not assert
a set off defense have preserved their right to a trial of their
fraudulent transfer defenses before an Article III court.

Other than Transjet, Inc., the Transjet Subs, Transpay, SAG and
SAM, all other fraudulent transfer Defendants will be the subject
of the Court's proposed findings of fact and conclusions of law
which will be submitted in a report and recommendation to the
District Court for its de novo review and entry of final judgment.

A copy of the Court's Order dated March 15, 2019 is available at
https://bit.ly/2Y50iMS from Leagle.com.

MORRIS ANDERSON & ASSOCIATES, LTD., Plaintiff, represented by SCOTT
R. GOLDBERG -- scott@biz.law -- SCHIAN WALKER, P.L.C., TYLER JARED
GRIM , THORPE SHWER, P.C., CODY J. JESS -- cody@biz.law.com --
SCHIAN WALKER, PLC, ALISA C. LACEY , STINSON LEONARD STREET LLP,
NATHAN T. MITCHLER , SCHIAN WALKER, P.L.C. & DALE C. SCHIAN --
dale@biz.law -- SCHIAN WALKER, P.L.C.

REDEYE II, L.L.C., Defendant, represented by ANTHONY P. CALI --
anthony.cali@stinson.com -- Stinson Leonard Street, ALISA C. LACEY
-- alisa.lacey@stinson.com -- STINSON LEONARD STREET LLP, TERESA M.
PILATOWICZ , GARMAN TURNER GORDON, THOMAS J. SALERNO --
Thomas.salerno@stinson.com -- Stinson Leonard Street, LLP &
CHRISTOPHER C. SIMPSON -- Christopher.simpson@stinson.com --
STINSON LEONARD STREET LLP.

JANE DOE BURDETTE, J. KEVIN BURDETTE, LUXURY ENTERPRISES, INC.,
LUXURY AIR, LLC, SPORTS JET, LLC, TEAMJET ENTERPRISES, INC.,
TEAMJET HOLDINGS, LLC, TEAMJET, LLC, TRANSJET 3, LLC, TRANSJET 2,
LLC, TRANSJET 1, LLC, TRANSJET, INC., OPULENT AIR, LLC, OPULENT
ENTERPRISES, INC., TRANSPAY, INC., TRANSPORT RISK MANAGMENT, INC.,
SWIFT AVIATION SALES, INC., SWIFT AVIATION MANAGEMENT, INC., SWIFT
AVIATION GROUP, INC., SME STEEL CONTRACTORS, INC., INTERSTATE
EQUIPMENT LEASING, LLC, SWIFT AIRCRAFT MANAGEMENT, LLC, JERRY AND
VICKIE MOYES FAMILY TRUST, VICKIE MOYES, JERRY MOYES & BRIAD
DEVELOPMENT WEST, LLC, Defendants, represented by ANTHONY P. CALI,
Stinson Leonard Street, TERESA M. PILATOWICZ , GARMAN TURNER GORDON
& THOMAS J. SALERNO , Stinson Leonard Street, LLP.

                      About Swift Air

Swift Air LLC filed a Chapter 11 petition in its home-town in
Phoenix (Bankr. D. Ariz. Case No. 12-14362) on June 27, 2012.  The
Debtor estimated assets of under $1 million and debts exceeding $10
million.  Michael W. Carmel, Ltd., serves as counsel to the
Debtor.

Pursuant to the order confirming the Third Amended Plan of
Reorganization for Swift Air, MorrisAnderson & Associates, Ltd.,
was appointed as litigation trustee.


THE LASALLE GROUP: Cash Collateral Request Approved
---------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas,
authorized (1) The LaSalle Group, Inc., (2) West Houston Memory
Care, LLC, (3) Cinco Ranch Memory Care, LLC, (4)  Pearland Memory
Care, LLC, and (5) Riverstone Memory Care Center, LLC, to use cash
collateral, for the interim period from June 30, 2019 to July 31,
2019, in order to pay post-petition direct operating expenses and
obtain goods and services needed to carry on their businesses.

The Court specified that:

  (a) The Debtors may use cash collateral to pay the items set
forth in the Court-approved budget during the Interim Period,
subject to a 10% variance per line item and 20% of the overall
budget;

  (b) The Debtors shall not use, sell, or expend, directly or
indirectly, the Cash Collateral except pursuant to the Budget;

  (c) Each Debtor shall be responsible for paying their respective
share of expenses incurred during the interim period;

  (d) The Debtors shall maintain sufficient records from the
Petition Date to account for, on an entity-by-entity basis (1)
funds transferred by each Debtor and non-debtor affiliate to
LaSalle, and (2) transfers made and expenses paid by LaSalle to or
for the benefit of each Debtor and non-debtor affiliate;

  (e) the Debtors shall not make any payment to or for the benefit
of any insider of the Debtors;

  (f) The Debtors shall maintain debtor in possession (“DIP”)
accounts;

  (g) The Debtors are authorized to collect and receive all
accounts receivable and other operating revenues and immediately
deposit same in the DIP Accounts;

  (h) The Debtors shall remain current in all post-petition tax
payments and reporting obligations, including, but not limited to,
all ad valorem real and business personal property taxes and
federal trust fund taxes;

The Debtors have also agreed to provide monthly cash flow reporting
to the Pre-Petition Lenders. Pre-petition secured lenders include
Origin Bank, Green Bank (currently known as Veritex Community
Bank), and First National Bank of Southlake.

As of the Petition Date, (i) Riverstone owes First National Bank a
total of $6,858,385.65; (ii) Pearland and LaSalle owe Green Bank
$6,382,639.43; and (iii) Cinco Ranch and LaSalle owe Green Bank
$8,338,917.33.

The Pre-Petition Lenders are each granted, effective as of the
Petition Date, valid, binding, enforceable, and automatically
perfected liens in all currently owned or hereafter acquired
property and assets of the applicable Debtor(s).

Veritex and Origin Bank are also granted cross-collateralization of
all their currently existing liens, as additional Replacement
Liens; though for clarification, no Veritex liens shall be
cross-collateralized with Origin Bank liens or vice versa.

The Replacement Liens granted pursuant to this Order shall have the
same priority as each of the Pre-Petition Lender’s properly
perfected unavoidable pre-petition liens, but shall be subject to
the Carve Out;

The Court further ordered that carve out amount (unpaid fees
payable to the Clerk of the Bankruptcy Court or the United States
Trustee, and Court-approved administrative expense claims of estate
professionals) on the replacement liens and adequate protection
priority claim, for the interim period, is up to $10,000 per
entity.

As additional partial adequate protection for the Debtors’ use of
Cash Collateral, the pre-petition lenders shall have an allowed
priority administrative expense claim, to the extent of any
diminution in value and a failure of the other adequate protection
provided by this Order.

Judge Stacey G. Jernigan is the case judge in this jointly
administered Chapter 11 proceeding. Proposed counsel to the Debtors
are Vickie L. Driver State, Christina W. Stephenson, and
Christopher M. Staine, of CROWE & DUNLEVY, P.C., in Dallas, Texas.


                      About LaSalle Group

The LaSalle Group, Inc., along with certain of its subsidiaries,
designs, develops, builds, and owns interests in memory care
assisted living communities designed specifically for people with
Alzheimer's and other forms of dementia.  The communities operate
under the name Autumn Leaves.

LaSalle is a holding company for numerous wholly owned, non debtor
subsidiaries and affiliates. It directly and indirectly owns
interests in 40 memory care assisted living communities located in
Texas, Illinois, Georgia, Florida, Kansas, Missouri, Oklahoma,
South Carolina, and Wisconsin.

LaSalle and its subsidiaries sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 19-31484) on
May 2, 2019.  At the time of the filing, the Debtors estimated
assets of between $10 million and $50 million and liabilities of
the same range.  

The cases are assigned to Judge Stacey G. Jernigan.

The Debtors tapped Crowe & Dunlevy, P.C., as their legal counsel,
and Donlin, Recano & Company, Inc. as their claims and noticing
agent.



TSS ATLANTA: Sept. 3 Plan Confirmation Hearing
----------------------------------------------
The disclosure statement explaining the Chapter 11 Plan filed by
TSS - Atlanta Inc. is conditionally approved.

September 3, 2019, 10:30 AM is set for the hearing on final
approval of the disclosure statement and for the hearing on
confirmation of the plan, which will be held at Donald Stuart
Russell Federal Courthouse, 201 Magnolia Street, Spartanburg, South
Carolina.

August 29, 2019 is set as the last day for filing written
acceptances or rejections of the plan.

August 29, 2019 is set as the last day for filing and serving
written objections to the disclosure statement and confirmation of
the plan.

                   About TSS - Atlanta Inc.

TSS - Atlanta Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. S.C. Case No. 19-00204) on January 10,
2019.  At the time of the filing, the Debtor had estimated assets
of less than $50,000 and liabilities of less than $50,000.  

The case has been assigned to Judge Helen E. Burris.  The Debtor
tapped The Cooper Law Firm as its legal counsel.


TURIN AVIATION: Unsecureds to Get 60 Monthly Payments of $214
-------------------------------------------------------------
The Turin Aviation Group, LLC, filed a small business Chapter 11
plan and accompanying disclosure statement proposing that Unsecured
Creditors, classified in Class 6, will get monthly payments of $214
beginning on the Effective Date of the plan and ending on the 60th
month following the Effective Date.

Class 1 John Edwin Cater, III are impaired. The Debtor shall pay
the Class 1 claim in full, plus 5.25% interest per annum, by making
60 monthly principal and interest payments of $85.44 per month
beginning on the Effective Date and continuing the same day each
month thereafter for 60 months.

Class 2 Judgment lien of John Scotello are impaired. The Debtor
shall pay the Class 2 claim in hill, plus 2.58% interest per annum,
by making 60 monthly principal and interest payments of $652.03 per
month beginning on the Effective Date and continuing the same day
each month thereafter for 60 months.

Class 3 Judgment lien of Benjamin Brooks are impaired. The Debtor
shall pay the Class 3 claim in hill, plus 2.58% interest per annum,
by making 60 monthly principal and interest payments of $121.32 per
month beginning on the Effective Date and continuing the same day
each month thereafter for 60 months.

Class 4 Judgment lien of Aaron Poidevin are impaired. The Debtor
shall pay the Class 4 claim in full, plus 2.58% interest per annum,
by making 60 monthly principal and interest payments of $164.95 per
month beginning on the Effective Date and continuing the same day
each month thereafter for 60 months.

Class 5 Skyport Holdings Tampa, LLC are impaired. If determined to
be an allowed secured claim, the Class 5 Claimant shall be paid in
full from the net sale proceeds as a result of the sale of the
Debtor's Jet Provost MK5A. If the Class 5 Claimant is determined to
be unsecured, then its claim shall be paid pursuant to the Class 6
treatment.

Payments and distributions under the Plan will be funded by the
liquidation of some of the Debtor's assets, recovery from the
collection activity of its mechanic's liens, recovery from the
collection activity for the prepetition sale of the Jet Provost
XW435, and business operations.

A full-text copy of the Disclosure Statement dated July 24, 2019,
is available at https://tinyurl.com/yxwvobwn from PacerMonitor.com
at no charge.

Attorney for the Debtor is Alberto F. Gomez, Jr., Esq., at Johnson,
Pope, Bokor, Ruppel & Burns, LLP, in Tampa, Florida.

                  About Turin Aviation Group

Turin Aviation Group is a family of Companies that include Falcon
Aircraft Services, Vintage Aero, Inc., and the newly established
Turin Advance Concepts

Turin Aviation Group, LLC, filed a voluntary petition for relief
under Chapter II of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
19-01890) on March 6, 2019.  The Debtor estimated $500,001 to $1
million in assets and $100,001 to $500,000 in liabilities.  The
Debtor tapped Johnson Pope Bokor Ruppel & Burns, LLP as its legal
counsel.


ULTRA PETROLEUM: Will be Delisted from Nasdaq on Aug. 8
-------------------------------------------------------
The Nasdaq Stock Market has initiated proceedings to delist Ultra
Petroleum Corp.'s common stock, effective Aug. 8, 2019, as a result
of the Company not regaining compliance with the $1.00 per share
minimum bid price requirement for continued inclusion on Nasdaq
based on Listing Rule 5550(a)(2).  The Company expects that its
common stock will begin to trade on OTCQX beginning Aug. 8, 2019
and expects to trade under the symbol "UPLC."

After consideration of multiple factors, the Company's board of
directors determined that attempting to regain compliance with
Nasdaq's continued listing requirement by effecting a reverse stock
split would not be in the best interest of the Company at this
time.  The transition to the OTC Markets will not affect the
Company's business operations.  The Nasdaq will apply to the
Securities and Exchange Commission to delist the Company's common
stock upon completion of applicable procedures.  The Company will
remain subject to the public reporting requirements of the SEC
following the transfer.

                      About Ultra Petroleum

Headquartered in Englewood, Colorado, Ultra Petroleum Corp. --
http://www.ultrapetroleum.com-- is an independent energy company
engaged in domestic natural gas and oil exploration, development
and production.  The Company is listed on NASDAQ and trades under
the ticker symbol "UPL".

As of March 31, 2019, the Company had $1.83 billion in total
assets, $2.74 billion in total liabilities, and a total
shareholders' deficit of $914 million.

On Jan. 29, 2019, Ultra Petroleum received written notice from the
Listing Qualifications Staff of The NASDAQ Stock Market LLC
notifying the Company that its common shares, no par value, closed
below the $1.00 per share minimum bid price required by NASDAQ
Listing Rule 5450(a)(1) for 30 consecutive business days. NASDAQ's
notice had no immediate effect on the listing or trading of the
Company's common shares, which will continue to trade on The NASDAQ
Global Select Market under the symbol "UPL".  In accordance with
NASDAQ Listing Rule 5810(c)(3)(A), the Company has an automatic
period of 180 calendar days, or until July 29, 2019, to achieve
compliance with the minimum bid price requirement.

                           *   *   *

As reported by the TCR on March 26, 2019, S&P Global Ratings raised
its issuer credit rating on U.S.-based oil and gas exploration and
production (E&P) company Ultra Petroleum Corp. to 'CCC+' from 'SD'
(selective default).  "The upgrade reflects a reassessment of our
issuer credit rating on Ultra following the company's completion of
several debt exchanges, whereby holders of approximately an
aggregate $550 million of its 6.875% unsecured notes due 2022 and
$275 million of its 7.125% unsecured notes due 2025 exchanged their
debt for warrants and $572 million of new 9% cash/2%
payment-in-kind second-lien notes due 2024.


VALERITAS HOLDINGS: Reports Positive Results for CBD Delivery Study
-------------------------------------------------------------------
Valeritas Holdings, Inc., announced positive results from a
preclinical pharmacokinetic (PK) study of cannabidiol (CBD)
subcutaneous infusion with two dosing regimens delivered via its
proprietary h-Patch wearable drug delivery device.  The Company
believes this study represents the first report of CBD delivered
via subcutaneous infusion in any preclinical model.

Valeritas' h-Patch is a drug delivery technology that can
facilitate the simple and effective subcutaneous delivery of
injectable medicines to patients across a broad range of
therapeutic areas.  The Company's V-Go is the first FDA-approved
product that utilizes the h-Patch technology.  To date, more than
20 million V-Go insulin delivery devices have been sold in the
United States.

The study evaluated CBD delivered over a single 24-hour period
using the h-Patch.  Two CBD dosage regimens (40mg/24h and 76mg/24h)
were tested via the h-Patch, with PK evaluated at time points out
to 48 hours from the start of infusion.  Both dosages displayed
rapid absorption and distribution with CBD levels in blood detected
within an hour of the beginning of infusion, followed by prolonged
elimination with CBD still detectable 24 hours after completion of
h-Patch infusion.  Results of the study will be submitted for
presentation at a major medical conference in 2019.

Oral CBD solutions have very low bio-availability in humans, in the
range of 6-10%, and concerns linger over their long-term effect on
the liver as a result of exposure to toxic metabolites. The h-Patch
system provides a continuous basal delivery rate over a period of
24 hours, and maximizes therapeutic effect by avoiding the
first-pass effect and eliminating peak/trough variations of drug
exposure.

The Company believes subcutaneous infusion of CBD via the h-Patch
may offer several distinct advantages over oral dosing including
the ability to achieve therapeutic drug concentrations with a
fraction of the overall dose, significantly prolonged half life
(versus single oral administration), minimization of the
variation in CBD metabolism in the general population, and a
dramatic reduction in the overall amount of drug metabolized by the
liver.  These features may contribute to a dramatically improved
risk-reward profile for a CBD isolate therapeutic and could open
the door to reliable, uniform dosing.

"In the United States alone, approximately 160 clinical trials with
CBD are currently enrolling patients or preparing to do so. Disease
targets include epilepsy, PTSD, pain, cardiovascular disease,
gastrointestinal disorders, multiple sclerosis, eye conditions,
spinal cord injuries, addiction, and cancer," said Ilo E. Leppik,
MD, the former president of the American Epilepsy Society and
current Professor of Neurology and Pharmacy at the University of
Minnesota.  "CBD has tremendous pharmaceutical potential.  However,
the poor bio-availability and other issues that result from oral
dosing are major shortcomings that increase the cost and
variability of treatment.  We have found that a fatty meal can
increase the amount of CBD absorbed by five times compared to that
taken on an empty stomach so there is a dire need for an
improvement in the consistency of dosing. Subcutaneous
administration would have two advantages: it would greatly increase
the bioavailability thus reducing the amount needed and it would
eliminate the variability of diet on CBD uptake."

"This study highlights Valeritas' partnering opportunities to
leverage the h-Patch technology beyond insulin delivery," said John
Timberlake, president and chief executive oficer of Valeritas.
"Subcutaneous infusion is a powerful delivery method for a variety
of drugs with solubility, permeability, and first-pass metabolism
challenges, and the h-Patch may offer a cost-effective alternative
means of reliable and patient-friendly drug dosing."

                    About Valeritas Holdings

Valeritas -- http://www.valeritas.com/-- is a commercial-stage
medical technology company focused on improving health and
simplifying life for people with diabetes by developing and
commercializing innovative technologies.  Valeritas' flagship
product, V-Go Wearable Insulin Delivery device, is a simple,
affordable, all-in-one basal-bolus insulin delivery option for
patients with type 2 diabetes that is worn like a patch and can
eliminate the need for taking multiple daily shots.  V-Go
administers a continuous preset basal rate of insulin over 24
hours, and it provides discreet on-demand bolus dosing at
mealtimes.  It is the only basal-bolus insulin delivery device on
the market today specifically designed keeping in mind the needs of
type 2 diabetes patients.  Headquartered in Bridgewater, New
Jersey, Valeritas operates its R&D functions in Marlborough,
Massachusetts.

Valeritas incurred a net loss of $45.92 million in 2018, following
a net loss of $49.30 million in 2017.  As of March 31, 2019,
Valeritas had $59.59 million in total assets, $58.12 million in
total liabilities, and $1.46 million in total stockholders'
equity.

Friedman LLP, in East Hanover, New Jersey, the Company's auditor
since 2016, issued a "going concern" opinion in its report dated
March 5, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company has
recurring losses and negative cash flows from operations.  These
conditions, among others, raise substantial doubt about the
Company's ability to continue as a going concern.


VERDESIAN LIFE: S&P Withdraws 'CCC-' Issuer Credit Rating
---------------------------------------------------------
S&P Global Ratings withdrew its 'CCC-' issuer credit rating on
Cary, N.C.-based Verdesian Life Sciences LLC and its 'CCC-'
issue-level rating on the company's secured credit facility at the
company's request. At the time of withdrawal the issuer credit
rating had a negative outlook.



VINE OIL: S&P Cuts ICR to 'CCC+' on Increased Refinancing Risk
--------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
exploration and production company Vine Oil & Gas L.P. to 'CCC+'
from 'B'.

At the same time, S&P lowered its issue-level rating on its
unsecured debt to 'CCC' from 'B-'. The '5' recovery rating remains
unchanged.

The downgrade reflects S&P's view that Vine is dependent on
favorable market conditions to meet its financial commitments and
will be challenged to refinance its $500 million 1st lien credit
facility which consists of $350 million Reserve-Based Loan (RBL)
and $150 super-priority facility due in November 2019 (with a
unilateral option by Vine to extend to November 2021 which S&P
expects the company to exercise) amid the current economic
environment. Furthermore, the yield-to-worst on the company's
senior notes has materially increased and is currently about 25%.
S&P believes this is due to the market's current aversion to
natural gas-focused companies combined with the roll-off of Vine's
favorable hedges through 2021. S&P notes that while the company
indicates it is not exploring debt exchanges, it believes that if
the current elevated yield on the company's notes persists, it
believes there is potential the company may consider undertaking a
below-par debt transaction that the rating agency would likely view
as a selective default.

The negative outlook on Vine Oil & Gas L.P. reflects S&P Global
Ratings' view that the company is dependent on favorable market
conditions to meet its financial commitments and faces elevated
refinancing risk on its 1st lien credit facility, which matures in
November 2021 . Additionally, it is S&P's opinion there is a
heightened risk the company will enter into a debt exchange for its
senior notes that it would view as distressed given the notes'
current discount to par.

"We could lower our ratings on Vine if its liquidity deteriorated
or it announced a below-par exchange for its senior notes that we
considered distressed. This would most likely occur if natural gas
prices remain weaker than our expectations through 2020 and the
company is unable to favorably refinance its super-priority debt,"
S&P said.

"We could revise our outlook on Vine to stable if we believe the
potential for a distressed exchange has become remote. This would
likely occur if improving natural gas prices boost the company's
cash flows and financial performance and improve the trading levels
of its debt securities," S&P said.


WINDSOR MARKETING: People's Objects to Plan Confirmation
--------------------------------------------------------
People's United Bank, National Association and People's Capital and
Leasing
Corp. object to the confirmation of the Fourth Amended Chapter 11
Plan of Reorganization of Windsor Marketing Group.

People's point out that the Debtor will be unable to obtain
financing in an amount sufficient to fund the payments due under
the Plan on or before the Effective Date.

People's complain that the Debtor has not produced a commitment
letter for the A/R Loan.

People's assert that the Debtor has no other sources of cash to
make up the shortfall, if the Debtor requires additional funds as
set forth in paragraph 11 above, the shortfall would be
($850,829.27).

According to People's, the Debtor has not had sufficient A/R to
obtain the Exit Financing at any time during 20l9.

People's point out that the Debtor will have to increase its A/R
Availability by at least $600,000 between now and August 31,2019.

People's complain that the Debtor will need to provide credible
evidence to explain the basis for the Debtor's belief that the
Debtor will produce additional sales of this magnitude in light of
Debtor's history of a steady decline in sales.

Attorneys for People's:

     Scott D. Rosen, Esq.
     COHN BIRNBAUM & SHEA P.C
     100 Pearl Street, 12th Floor
     Hartford, CT 06103
     Tel. 860-493-2200
     Fax. 860-727-0361
     Email: srosen@cbshealaw.com

              About Windsor Marketing Group

Headquartered in Suffield, Connecticut, Windsor Marketing Group,
Inc. -- https://windsormarketing.com/ -- is a privately held
company that develops and implements innovative in-store marketing
programs for more than 3,000 clients, including some of the
nation's top retailers.  Founded in 1976, Windsor Marketing helps
retailers make their stores easier to shop, reduce turnaround times
and lower production and fulfillment costs.

Windsor Marketing Group filed a Chapter 11 petition (Bankr. D.
Conn. Case No. 18-20022) on Jan. 8, 2018.  In the petition signed
by Kevin F. Armata, president, the Debtor estimated assets and
liabilities at $10 million to $50 million.

The Debtor's counsel is James Berman, Esq., at Zeisler & Zeisler,
P.C.

The U.S. Trustee for Region 2 on Jan. 22, 2018, appointed three
creditors to serve on an official committee of unsecured creditors.
Lowenstein Sandler LLP, serves as counsel to the Committee; and
Neubert, Pepe & Monteith, P.C., as its Connecticut counsel.


WOLVERINE FUELS: S&P Affirms CCC ICR on Likely Debt Restructuring
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'CCC' issuer credit rating on
Wolverine Fuels LLC and affirmed its 'B-' issue-level rating on the
company's $184 million first-lien notes and its 'CC' issue-level
rating on the company's $78 million second-lien notes.

Waning capital market access exacerbates the risk of a
restructuring of Wolverine's first- and second-lien debt.

It has $184 million in outstanding first-lien debt due in 2020 and
$78 million in second-lien debt due in 2021. S&P believes that
given difficult domestic and international market conditions, and
limited access to financing, the company could pursue restructuring
of its debt. In addition, in the next 12 months S&P estimates
approximately a $40 million liquidity shortage due to scheduled
debt amortizations and other debt maturities."

The negative outlook reflects S&P's expectation that liquidity will
continue to deteriorate over the next year, leading to a
restructuring or default. S&P forecasts a liquidity deficiency of
about $40 million due to the $125 million required debt payments in
the next 12 months. These include a $50 million revolver
maturity—due to the financial sponsor Trafigura—in May 2020 and
about $75 million scheduled amortization and other debt
maturities.

"We would lower the rating further if the first-lien notes are not
refinanced by the end of the first quarter of 2020 or if the
company offered to repay or exchange its outstanding obligations at
less than the original promise," S&P said.

"We could revise the outlook to stable or even raise the rating if
we no longer believed Wolverine was at risk of further liquidity
deterioration that could lead to a distressed exchange or other
restructuring in the next 12 months," S&P said, adding that under
this scenario, it would expect refinancing of the company's term
debt with less onerous amortization payments and access to
sufficient revolver availability to cover fixed charges beyond the
next 12 months. This scenario would be associated with a
fixed-charge coverage ratio equal to 1x, according to the rating
agency.


WORLDPAY LLC: Moody's Withdraws Ba2 CFR Due to Fidelity Deal
------------------------------------------------------------
Moody's Investors Service withdrew all the ratings for Worldpay,
LLC and Worldpay Finance plc upon the closing of the acquisition of
Worldpay by Fidelity National Information Services, Inc. (FIS, Baa2
stable) and the repayment of Worldpay's rated debt instruments.

RATINGS RATIONALE

The following ratings were withdrawn:

Issuer: Worldpay, LLC

  Corporate Family Rating, Withdrawn, previously rated Ba2

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

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

  Gtd Senior Secured Term Loan, Withdrawn, previously rated Ba2
  (LGD3)

  Gtd Senior Secured First Lien Revolving Credit Facility,
  Withdrawn, previously rated Ba2 (LGD3)

  Gtd Senior Unsecured Regular Bond/Debenture, Withdrawn,
  previously rated B1 (LGD6)

Issuer: Worldpay Finance plc

  Gtd Senior Unsecured Regular Bond/Debenture, Withdrawn,
  previously rated Ba2 (LGD3)

Outlook Actions:

Issuer: Worldpay Finance plc

  Outlook, Changed To Rating Withdrawn From Rating Under
  Review

Issuer: Worldpay, LLC

  Outlook, Changed To Rating Withdrawn From Rating Under
  Review


ZIM CORPORATION: MNP LLP Raises Going Concern Doubt at March 31
---------------------------------------------------------------
ZIM Corporation filed with the U.S. Securities and Exchange
Commission its annual report on Form 20-F, disclosing a net income
of $703,516 on $700,049 of total revenue for the year ended March
31, 2019, compared to a net loss of $42,902 on $503,242 of total
revenue for the year ended in 2018.

The audit report of MNP LLP states that the Company has an
accumulated deficit at March 31, 2019 of $20,622,106 and has a
history of operating losses prior to the year ended March 31, 2019,
which raise substantial doubt about the Company's ability to
continue as a going concern.

The Company's balance sheet at March 31, 2019, showed total assets
of $1,530,467, total liabilities of $148,133, and $1,382,334 in
total shareholders' equity.

A copy of the Form 20-F is available at:

                       https://is.gd/cxzkxD

ZIM Corporation provides software products and services for the
database and mobile markets in the United States, Brazil, Canada,
Singapore, and internationally. The company operates through two
segments, Mobile and Enterprise Software. It develops and sells ZIM
integrated development environment (IDE) software, an enterprise
software for use in the design, development, and management of
information databases and mission critical applications. The
company's ZIM IDE software provides an IDE for Microsoft Windows,
UNIX, and Linux computer operating systems. Its products are used
to develop database applications in various industries, including
finance, insurance, marketing, human resource, information, and
records management. The company also provides migration services
and management products; and short message services. ZIM
Corporation was founded in 1997 and is based in Ottawa, Canada.



                            *********

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
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Troubled Company Reporter is a daily newsletter co-published
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