/raid1/www/Hosts/bankrupt/TCR_Public/191025.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, October 25, 2019, Vol. 23, No. 297

                            Headlines

1716 I LLC: Case Summary & 4 Unsecured Creditors
2200 NORTH ASHLAND: Seeks to Hire Crane Simon as Counsel
558 VAN CORTLAND: Voluntary Chapter 11 Case Summary
ADVANCE SPECIALTY: PCO Files 8th Interim Report
AMERICAN BUILDERS: Moody's Rates $1.4BB Sec. Term Loan Due 2027 B1

ARAL RESTAURANT: May Use Continue Cash Collateral Use Until Nov. 7
AUTUMN FROST: Seeks to Hire Sheehan Phinney as Counsel
B. & J. PROPERTY: Court Approves Disclosure Statement
BLACKJEWEL LLC: Contura Closes Transaction with Eagle Specialty
BLUE WATER: Owner Proposes Full-Payment Plan

CHANDLERS MILL: Seeks to Hire Conway Law as Counsel
CLOUD PEAK: Unsecureds to Recover 1% to 2% in Plan
CORT & MEDAS: Secured Creditor Proposes Sale-Based Plan
CP#1109 LLC: US Trustee Has Issues With Disclosure Statement
DESTINATION MATERNITY: Has Interim Approval to Use Cash Collateral

DPW HOLDINGS: Receives Notice of Default and Demand for Payment
DURA AUTOMOTIVE: Secures $77M DIP Financing Facility from Ark
ELBAMED INTERNATIONAL: Hires Meland Russin as Attorney
ELK CITY LODGING: Authorized to Use Celtic Bank Cash Collateral
EP ENERGY: Enters Into Backstop Agreement with Key Creditors

FIRSTENERGY SOLUTIONS: Court Enters Plan Confirmation Order
FIRSTENERGY SOLUTIONS: Expects Chapter 11 Exit by End of 2019
FLORIDA MICROELECTRONICS: Still In Talks With Plan Buyer
FXI HOLDINGS: S&P Lowers ICR to 'B-'; Outlook Negative
GATE 3 LIQUIDATION: AB&J Asks Court to Junk Trustee Bid Objections

GENESEE & WYOMING: Moody's Assigns Ba2 CFR, Outlook Stable
GUTTER CAP OF FLORIDA: Case Dismissed, Cash Collateral Use Moot
H2D MOTORCYCLE: Nov. 7 Auction of All JHD Assets Set
H2D MOTORCYCLE: Nov. 7 Auction of Substantially All Assets Set
HERZ HERZ: Nov. 19 Auction of All Assets Set

HIGHLAND CAPITAL: NextPoint Owns Immaterial 3.95% of Shares
HOLLISTER CONSTRUCTION: Hires Lowenstein Sandler as Counsel
HVI CAT CANYON: Court OKs Appointment of M. McConnell as Trustee
INFRASTRUCTURE SOLUTION: Hires Cunningham Chernicoff as Counsel
IPS WORLDWIDE: Examiner Files Motion Seeking Discharge From Duties

J & K LOGGING: U.S. Trustee Unable to Appoint Committee
JACK COOPER: Committee Hires FTI Consulting as Financial Advisor
JACK COOPER: Committee Hires Scroggins & Williamson as Counsel
JACK COOPER: Committee Hires Sidley Austin as Co-Counsel
JAGGED PEAK: Hires BMC Group as Claims and Noticing Agent

JOSEPH HEATH: $580K Sale of Alexandria Property Approved
K & B DIRECTIONAL: Creditors to Get 60 Monthly Payments in Plan
KAPPA DEVELOPMENT: $313K Gulfport Property Sale to Blacklidge OK'd
KAUMANA DRIVE: U.S. Trustee Appoints J. Gardner as PCO
LANDING AT BRAINTREE: Appointment of Trustee Moots Cash Use

LANDING AT BRAINTREE: Court Allows Appointment of Ch. 11 Trustee
LATEX FOAM: Hires Wiggin and Dana as Special Counsel
LEGACY RESERVES: Seeks Approval of RBC Exit Facility
LIONS GATE: S&P Puts 'B+' Issuer Credit Rating on Watch Negative
MARINE BUILDERS: WesBanco Seeks to Terminate Cash Collateral Use

MCCLATCHY CO: Chief Financial Officer Will Retire in June 2020
MESOBLAST LIMITED: Signs Manufacturing Agreement with Lonza
MTE HOLDINGS: Case Summary & 3 Unsecured Creditors
MTE PARTNERS: Voluntary Chapter 11 Case Summary
NACOGDOCHES COUNTY HOSPITAL: S&P Puts B- Bond Rating on Watch Neg.

NEVER SLIP: S&P Cuts ICR to 'CCC' on Continued Weak Credit Metrics
NORTH AMERICAN SAVVAS: Voluntary Chapter 11 Case Summary
NORTHERN OIL: S&P Alters Outlook to Stable, Affirms 'B-' ICR
ORANGE COUNTY INSURANCE: $992K Sale of All Business Assets Approved
PARKINSON SEED: SummitBridge Plan Disclosures Hearing on Nov. 19

PG&E CORP: Reiterates Commitment to Reorganization Plan
POST HOLDINGS: S&P Affirms 'B+' Rating on Senior Unsecured Notes
PRINCETON ALTERNATIVE: Trustee Opposes LPs' Designation Motion
QUALITY REIMBURSEMENT: U.S. Trustee Forms 5-Member Committee
R&F GROUP: Case Summary & 20 Largest Unsecured Creditors

RAIT FUNDING: Unsecureds to Recover 100% in Liquidating Plan
RITE AID: S&P Hikes Issuer Credit Rating to 'CCC+'; Outlook Stable
RIVERBEND FOODS: Case Summary & 20 Largest Unsecured Creditors
RUBY'S DINER: Pillsbury Hits Low Recoveries, Wants Trustee
SARAI SERVICES: Sale of Real Property to Fund Plan Payments

SIGMA DESIGNS: Provides Update on Dissolution Process
SIT-CO LLC: $2.3M Sale of All Assets to Watch Communications Okayed
SOUTH COAST BEHAVIORAL: PCO Files 2nd Interim Report
SOUTH COAST BEHAVIORAL: PCO Files 3rd Interim Report
STEPHANIE N. MAPP: Court Confirms Plan of Liquidation

STILL HOPES: Fitch Affirms BB Rating on 2017/2018A Bonds
TATUNG COMPANY: U.S. Trustee Forms 3-Member Committee
TENET HEALTHCARE: Fitch Affirms B LT IDR, Outlook Positive
TEXAS PELLETS: Completes Sale of Assets to Graanul Invest for $63M
TIGER OAK MEDIA: U.S. Trustee Forms 4-Member Committee

TOWER PARK: Hughes Parties' Motion to Enforce Plan Denied
UNIVERSAL HEALTH: Fitch Affirms BB+ LT IDR, Outlook Stable
VALUEPART INC: Withdraws Motion vs. PNC Bank
YOURELO YOUR: Case Summary & 7 Unsecured Creditors
[^] BOOK REVIEW: Mentor X


                            *********

1716 I LLC: Case Summary & 4 Unsecured Creditors
------------------------------------------------
Debtor: 1716 I LLC
        1716 I Street, NW
        Washington, DC 20006

Business Description: 1716 I LLC is a privately held company
                      based in Washington, D.C.

Chapter 11 Petition Date: October 23, 2019

Court: United States Bankruptcy Court
       District of Columbia (Washington, D.C.)

Case No.: 19-00699

Judge: Hon. S. Martin Teel, Jr.

Debtor's Counsel: Wendell W. Webster, Esq.
                  WEBSTER & FREDRICKSON, PLLC
                  1775 K Street, N.W., Suite 290
                  Washington, DC 20006
                  Tel: 202-659-8510
                  Fax: 202-659-4082
                  E-mail: gspence@websterfredrickson.com
                          wwebster@websterfredrickson.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Charles Zhou, shareholder and
principal.

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

      http://bankrupt.com/misc/dcb19-00699_creditors.pdf

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

          http://bankrupt.com/misc/dcb19-00699.pdf


2200 NORTH ASHLAND: Seeks to Hire Crane Simon as Counsel
--------------------------------------------------------
2200 North Ashland, LLC, seeks authority from the U.S. Bankruptcy
Court for the Northern District of Illinois to employ Crane Simon
Clar and Dan, as counsel to the Debtor.

2200 North Ashland requires Crane Simon to:

   a. prepare necessary applications, motions, answers, orders,
      adversary proceedings, reports and other legal papers;

   b. provide the Debtor with legal advice with respect to its
      rights and duties involving its property, as well as its
      reorganization efforts herein;

   c. appear in court and to litigate whenever necessary; and

   d. perform any and all other legal services that may be
      required from time to time in the ordinary course of the
      Debtor's business during the administration of the
      bankruptcy case.

Crane Simon will be paid based upon its normal and usual hourly
billing rates.

Prior to the filing of the Chapter 11 case, Crane Simon was paid
$17,000 as an advance payment retainer for its representation of
the Debtor in the bankruptcy case and matters relating thereto,
consisting of $3,000 from Courtney Rush, the member-manager of the
Debtor's sole member-manager, Rush Leasing, LLC, and $14,000 from
Chicago Neurobehavioral Associates and one of its principals,
Alexandra Isaacs, representing money owed to Rush for his interest
in Chicago Neurobehavioral Associates.

The Debtor and Rush also agreed that Rush would pay an additional
$20,000 post-petition retainer.

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

Scott R. Clar, name partner at the firm, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estates.

Crane Simon can be reached at:

     Scott R. Clar, Esq.
     Arthur G. Simon, Esq.
     Jeffrey C. Dan, Esq.
     CRANE SIMON CLAR & DAN
     135 South LaSalle Street, Suite 3705
     Chicago, IL 60603
     Tel: (312) 641-6777
     Fax: (312) 641-7114

                    About 2200 North Ashland

2200 North Ashland, LLC, based in Chicago, IL, filed a Chapter 11
petition (Bankr. N.D. Ill. Case No. 19-25096) on Sept. 5, 2019.  In
its petition, the Debtor was estimated to have $1 million to $10
million in both assets and liabilities.  The petition was signed by
Courtney Rush, manager-member of Rush Leasing LLC, Debtor's
manager-member.  The Hon. Jacqueline P. Cox oversees the case.
Arthur G. Simon, Esq., at Crane Simon Clar and Dan, serves as
bankruptcy counsel to the Debtor.



558 VAN CORTLAND: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: 558 Van Cortland LLC
        32 Decatur Avenue
        Spring Valley, NY 10977

Business Description: 558 Van Cortland LLC is a privately held
                      company in Spring Valley, New York.

Chapter 11 Petition Date: October 23, 2019

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

Case No.: 19-23876

Judge: Hon. Robert D. Drain

Debtor's Counsel: Linda M. Tirelli, Esq.
                  TIRELLI LAW GROUP, LLC
                  50 Main Street, Suite 1265
                  White Plains, NY 10606
                  Tel: 914-732-3222
                  E-mail: ltirelli@tw-lawgroup.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Dov Goldman, member.

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

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

         http://bankrupt.com/misc/nysb19-23876.pdf


ADVANCE SPECIALTY: PCO Files 8th Interim Report
-----------------------------------------------
Tamar Terzian, Patient Care Ombudsman for Advanced Specialty Care,
submitted the 8th Interim Report for the period August 2019 to
September 2019.

PCO OBSERVATION:

The PCO continued to observe the Registered Nurses and some of the
Licensed Vocational Nurse at the patients’ homes. Each RN visits
about 14 patients per month. The family provides a plan of care
stated by the doctors depending on the situation.

The PCO found that the patients are well monitored, and the nurses
had knowledge of the patients needs. The home was clean and had
ample medical supplies for the patients needs. The patients visited
needed all day home care. The PCO has received no complaints from
the various patients visited for this interim report.

There is nothing to recommend. The procedures and protocols of the
registered nurses and LVNs are properly implemented.

Therefore, the Patient Care Ombudsman finds that all care provided
to the patients by the Debtor is well within the standard of care.
The PCO will continue to monitor and is available to respond to any
concerns or questions of the Court or interested party.

A full-text copy of PCO 8th Interim Report is available at
https://tinyurl.com/yya5uatx from PacerMonitor.com at no charge.

The PCO can be reached at:

Tamar Terzian, Esq.
Terzian Law Group,
A Professional Corporation
1122 E. Green Street
Pasadena, CA 91106
Telephone: (818) 242-1100
Facsimile: (818) 242-1012
Email: tamar@terzlaw.com

                About Advance Specialty Care

Based in Los Angeles, California, Advance Specialty Care, LLC, is a
home-health care provider offering nursing, physical therapy,
occupational therapy, speech pathology, medical social, and home
health aide services.  The company previously sought bankruptcy
protection on March 19, 2016, (Bankr. C.D. Calif. Case No.
16-13521) and Oct. 24, 2017 (Bankr. C.D. Calif. Case No.
17-23070).

Advance Specialty Care, LLC, a/k/a ASC, LLC filed a Chapter 11
petition (Bankr. C.D. Calif. Case No. 17-24737) on Nov. 30, 2017.
The petition was signed by Moises L. Simbulan, chief financial
officer.  At the time of filing, the Debtor estimated $500,000 to
$1 million in assets and $10 million to $50 million in liabilities.
The case is assigned to Judge Robert N. Kwan.


AMERICAN BUILDERS: Moody's Rates $1.4BB Sec. Term Loan Due 2027 B1
------------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to American Builders
& Contractors Supply Co., Inc.'s, proposed $1.478 billion senior
secured term loan maturing 2027 and a B1 rating to the company's
proposed $700 million senior secured notes due 2028. The proposed
term loan and notes will be pari passu. Proceeds from the proposed
term loan and notes will be used to redeem the company's existing
senior secured term loan maturing 2023 (B1) and senior unsecured
notes due 2023 (B3). ABC's B1 Corporate Family Rating, B1-PD
Probability of Default Rating, and the B3 rating on the company's
senior unsecured notes due 2026 are not affected by the proposed
transaction. The outlook remains stable.

Moody's views the proposed transaction as credit positive, since
ABC is extending its maturity profile in a leverage-neutral
transaction. Refinancing risk in 2023 will also be reduced as the
company will have only its $1.0 billion asset-based revolving
credit facility coming due versus the $3.2 billion of commitments
that would have been due prior to the proposed refinancing.

Ratings Assigned:

Assignments:

Issuer: American Builders & Contractors Supply Co.

Senior Secured Bank Credit Facility, Assigned B1 (LGD4)

Senior Secured Regular Bond/Debenture, Assigned B1 (LGD4)

RATINGS RATIONALE

ABC's B1 Corporate Family Rating reflects Moody's expectations of
ongoing sound operating performance. Moody's projects adjusted
operating margin in the range of 7.5% - 10.0% through mid 2020.
Moody's also forecasts adjusted debt to LTM EBITDA of 3.6x by June
30, 2020. ABC will also maintain a good liquidity profile
characterized by sufficient revolver availability and no near-term
maturities. Inelastic demand for roofing-related supplies, ABC's
core product group, and sound fundamentals for US construction that
support growth further support the company's credit profile.

However, ongoing cash consumption for capital expenditures, large
dividends that include tax payments, and bolt-on acquisitions
currently constrain the company's credit profile. Also, ABC
operates in highly competitive markets, which could create
operating and financial pressures in a downturn.

The company's financial strategy includes dividends to the sole
shareholder of the company, who is also Chairperson of the Board,
limiting ABC's ability to generate and retain free cash flow.

The stable outlook reflects Moody's expectations that ABC will
continue to perform well over the next 12 to 18 months. Moody's
also anticipates industry fundamentals will support growth over the
same time horizon.

The rating could be upgraded if (all ratios include Moody's
standard adjustments):

  -- Substantial free cash flow results in permanent debt
reduction

  -- Debt-to-EBITDA is sustained below 4.0x

  -- Sustained organic growth is expected

  -- Ongoing positive trends in end markets continue

The rating could be downgraded if:

  -- Debt-to-EBITDA is sustained above 5.5x

  -- EBITA-to-interest expense is sustained below 2.0x

  -- There is a significant deterioration in the company's
liquidity profile

  -- A sizeable debt financed acquisition is completed

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

American Builders & Contractors Supply Co., Inc., headquartered in
Beloit, Wisconsin, is one of the largest wholesale distributors of
building products in the US. Diane M. Hendricks through Diane M.
Hendricks Enterprises, Inc. is the sole shareholder of the company.
Revenue for the 12 months ended June 30, 2019 was about $11.2
billion. ABC is privately-owned and does not disclose financial
information publicly.


ARAL RESTAURANT: May Use Continue Cash Collateral Use Until Nov. 7
------------------------------------------------------------------
Judge Frank J. Bailey of the U.S. Bankruptcy Court for the District
of Massachusetts authorized Aral Restaurant Group of Fall River,
Inc. and its affiliates to use the cash collateral of Northern Bank
and Trust Company through Nov. 7, 2019, subject to the terms and
conditions set forth in the Second Interim Order.

A further hearing on the Cash Collateral Motion will be conducted
on Nov. 6, 2019 at 11:00 a.m.

The Debtors may use Northern Bank's cash collateral solely to pay
its ordinary and necessary expenses set forth on the Budget. The
actual disbursements of the Debtors must not exceed by more than
10% of the disbursements set forth in the budget, whether by line
item, category, or in the aggregate.

Northern Bank is granted replacement liens on the same types of
post-petition property of the estates against which the Bank held
liens as of the Petition Date. The Replacement Liens will maintain
the same priority, validity and enforceability as Northern Bank's
prepetition liens.  The Replacement Liens should only be recognized
to the extent of the diminution in value of the Bank's prepetition
collateral after the Petition Date resulting from the Debtors' use
of the cash collateral.

The Debtors will maintain all necessary insurance, including,
without limitation, fire, hazard, comprehensive, public liability,
and workmen's compensation, and obtain such additional insurance in
an amount as appropriate for the business in which the Debtors are
engaged, naming Northern Bank as loss payee, additional insured and
mortgagee with respect thereto.

The Debtors are required to pay any and all taxes, municipal
charges, or other amounts accruing upon or with respect to the
collateral from and after the Petition Date is such amounts, if
unpaid, would have priority over Northern Bank's security interest
in the collateral under applicable law.

The Junior Lenders are also granted replacement liens on the same
types of postpetition property of the estates against which the
Junior Lenders held liens as of the Petition Date. The Replacement
Liens will maintain the same priority, validity and enforceability
as the Junior Lenders' prepetition liens.  The Junior Replacement
Liens should only be recognized to the extent of the diminution in
value of the Junior Lenders' prepetition collateral after the
Petition Date resulting from the Debtors' use of the cash
collateral.

A copy of the Second Interim Order is available for free at
https://tinyurl.com/yxgnjjbt from Pacermonitor.com

                   About Aral Restaurant Group

Aral Restaurant Group operates franchise of Friendly's Franchising,
LLC, at different locations in Massachusetts -- in Fall River,
Hyannis, Pembroke, Plymouth, and South Weymouth.  On Sept. 26,
2019, each of these branches sought Chapter 11 protection in
Boston, Massachusetts, with Aral Restaurant Group of Fall River,
Inc. (Bankr. D. Mass. Case No. 13256) as the lead case.

In the petition signed by Robert Arruda, president, Aral Restaurant
Group of Fall River was estimated to have assets of not more than
$50,000 and liabilities between $1 million and $10 million.  Judge
Frank J. Bailey oversees the Debtors' cases.  NICHOLSON P.C. is the
Debtors' counsel.



AUTUMN FROST: Seeks to Hire Sheehan Phinney as Counsel
------------------------------------------------------
Autumn Frost Realty Associates, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of Hampshire to employ Sheehan
Phinney Bass & Green PA, as counsel to the Debtor.

Autumn Frost requires Sheehan Phinney to:

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

   (b) represent the Debtor at hearings and matters pertaining to
       its affairs as the Debtor and the Debtor-in-Possession;

   (c) attend meetings and negotiating with representatives of
       the Debtor's creditors and other parties-in-interest, as
       well as responding to creditors inquiries;

   (d) prepare all pleadings on behalf of the Debtor;

   (e) prepare the Plan of Reorganization, Disclosure Statement
       and all related agreements and documents; and taking any
       necessary action on behalf of the Debtor to obtain
       confirmation of such plan;

   (f) advise the Debtor in connection with any potential sale of
       assets or business, or in connection with any strategic
       planning;

   (g) review and evaluate the Debtor's executory contracts and
       unexpired leases, and representing the Debtor in
       connection with the rejection, assumption, or assignment
       of such leases;

   (h) consult with and advising the Debtor regarding labor and
       employment matters;

   (i) represent the Debtor in connection with any adversary
       proceedings or automatic stay litigation which may be
       commenced by or against the Debtor;

   (j) review and analyze various claims of the Debtor's
       creditors and the treatment of such claims, and preparing,
       filing or prosecuting any objections thereto; and

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

Sheehan Phinney will be paid at these hourly rates:

         Attorneys           $370
         Paralegals          $170

Sheehan Phinney will be paid a retainer in the amount of $10,000.

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

James S. LaMontagne, partner of Sheehan Phinney Bass & Green PA,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Sheehan Phinney can be reached at:

     James S. LaMontagne, Esq.
     SHEEHAN PHINNEY BASS & GREEN PA
     1000 Elm Street, P.O. Box 3701
     Manchester, NH 03105-3701
     Tel: (603) 627-8102

                About Autumn Frost Realty Associates

Autumn Frost Realty Associates, LLC, based in Manchester, NH, filed
a Chapter 11 petition (Bankr. D.N.H. Case No. 19-10962) on July 12,
2019.  In the petition signed by Charles R. Sargent, Jr., manager,
the Debtor was estimated to have $1 million to $10 million in both
assets and liabilities.  The Hon. Bruce A. Harwood oversees the
case.  WILLIAM S. GANNON PLLC, serves as bankruptcy counsel.


B. & J. PROPERTY: Court Approves Disclosure Statement
-----------------------------------------------------
B. & J. Property Investments, Inc., has won approval of the
Disclosure Statement in support of its Chapter 11 Plan.

The hearing on confirmation of the Plan, at which testimony will be
received if offered and admissible, will be held on Dec. 12, 2019
at 09:30 AM, in US Bankruptcy Court, Courtroom #1, 1050 SW 6th
Ave., 7th Floor, Portland, OR 97204.

Objections to the proposed plan must be filed and served no later
than seven days before the hearing date set.

As reported in the TCR, B. & J. Property Investments, Inc., and
owner William J. Berman
filed a Joint Plan of Plan of Reorganization.

According to the Amended Disclosure Statement filed Oct. 9, 2019,
the Plan provides that

    (a) Debtors will operate in the ordinary course and pay and
satisfy their obligations from revenue generated by operations;
and

    (b) Debtors shall seek to prevail on the appeal in the Class
Action Case over time; or

    (c) if Debtors are unable to prevail, or at least substantially
prevail on the appeal,

          (i) B. & J. will pursue its malpractice claim against
Saalfeld Griggs and if insufficient funds are recovered, B. & J.
will then seek to refinance or sell the Real Property and liquidate
its assets, with the Net Proceeds to be distributed pro rata to
Unsecured Creditors; and

         (ii) Berman will distribute to unsecured creditors all the
projected disposable income he believes he will receive during the
five-year period after the Effective Date

If B. & J. prevails on the appeal of the Class Action Case, B. &
J.'s General Unsecured Creditors will be paid in full, together
with interest at the federal judgment rate in effect on the
Effective Date.  If B. & J. does not prevail on the appeal of the
Class Action Case, and there are insufficient funds from a
refinancing or liquidation of the malpractice claims, then General
Unsecured Creditors will be paid pro rata from the sale and
liquidation of B. & J.'s assets on a pro rata basis with the Class
Action Claims.

A full-text copy of the Amended Joint Disclosure Statement dated
Oct. 9, 2019, is available at https://tinyurl.com/y2tlt5fx from
PacerMonitor.com at no charge.

                About B. & J. Property Investments

B. & J. Property Investments, Inc., is a privately held company
engaged in commercial and industrial machinery and equipment rental
and leasing.

B. & J. Property Investments filed a Chapter 11 petition (Bankr. D.
Ore. Case No. 19-60138) on Jan. 17, 2019.  In the petition signed
by William Berman, president, the Debtor disclosed assets of
between $1 million and $10 million and liabilities of the same
range.  

On Jan. 28, 2019, William J. Berman filed a voluntary petition
under Chapter 11 of the Bankruptcy Code.

The cases are assigned to Judge Peter C. McKittrick.   

TONKON TORP LLP is counsel to B. & J. Property Investments.
Nicholas J. Henderson of MOTSCHENBACHER & BLATTNER, LLP is counsel
to Mr. Berman.


BLACKJEWEL LLC: Contura Closes Transaction with Eagle Specialty
---------------------------------------------------------------
Contura Energy, Inc., a U.S. coal supplier announced the closing on
Oct. 18, 2019 of its previously announced transaction with Eagle
Specialty Materials, LLC (Eagle Specialty Materials), an affiliate
of FM Coal, LLC (FM Coal), in connection with Eagle Specialty
Materials' concurrent acquisition of the Eagle Butte and Belle Ayr
thermal coal mines located in the Powder River Basin (PRB) in
Campbell County, Wyoming (Western Assets).

On Oct. 2, 2019, as part of the bankruptcy proceedings for
Blackjewel L.L.C., Blackjewel Holdings L.L.C. and certain
affiliated entities (all such debtor entities, collectively,
Blackjewel, or the Debtors), the U.S. Bankruptcy Court for the
Southern District of West Virginia approved the sale by Blackjewel
of the Western Assets to Eagle Specialty Materials.

In connection with the closing of the transaction, the surety
bonding previously posted by Contura's subsidiary, Contura Coal
West, LLC (Contura Coal West), with the State of Wyoming Department
of Environmental Quality, Land Quality Division (DEQ) has been
replaced with substitute surety bonds arranged by Eagle Specialty
Materials in the amount of approximately $238 million, and neither
Contura nor Contura Coal West will have any liability in respect of
those substitute surety bonds.  Pursuant to an agreement among
Contura Coal West, Eagle Specialty Materials, FM Coal and the
United States Department of Interior's Office of Surface Mining,
Reclamation and Enforcement (OSM), OSM has agreed that any bond
forfeiture related to the mines will not be linked to or held
against Contura Coal West and OSM will not link Contura Coal West
to any Surface Mining Control and Reclamation Act of 1977 violation
by Eagle Specialty Materials.  Eagle Specialty Materials is
expected to operate the mines during the transfer process to Eagle
Specialty Materials of certain state permits held by Contura Coal
West and certain state and federal leases held by an affiliate of
Blackjewel.  Eagle Specialty Materials has agreed to use
commercially reasonable efforts to cause the permits to be
transferred as promptly as possible.

"Closing this deal with Eagle Specialty Materials brings about a
positive result for our company and the many stakeholders involved
in this transaction," said chairman and chief executive officer,
David Stetson.  "In our view, this transaction represents a
best-case-scenario outcome to a lengthy and uncertain process,
putting the mines in the hands of an operator with a long-term
interest in the Powder River Basin, and getting hard-working coal
miners back on the job."

As previously disclosed, Contura was a prior owner of the Western
Assets through its subsidiary, Contura Coal West, though the
company has not operated the mines since selling the assets to
Blackjewel in December 2017.  Because the permit transfer process
relating to that transaction was not completed prior to
Blackjewel's filing for Chapter 11 bankruptcy protection, however,
Contura Coal West remains the permitholder in good standing for
both mines and has maintained bonding to cover related reclamation
and other obligations, as described above.

Pursuant to an agreement between Contura and Eagle Specialty
Materials, Contura paid to Eagle Specialty Materials cash
consideration of $81.3 million at closing, has agreed to pay an
additional $8.7 million into an escrow account to be used to make
payment in respect of a federal royalty claim against Contura Coal
West, has agreed to convey certain Wyoming real property to Eagle
Specialty Materials subject to certain conditions, has paid $13.5
million to Campbell County, Wyoming for ad valorem back taxes, has
waived its rights to the remaining $3.05 million of a purchase
deposit provided to the Debtors, and has released or waived certain
other claims against the Debtors or with respect to certain of
their assets.  Eagle Specialty Materials has agreed to indemnify
Contura and its affiliates against all reclamation liabilities
related to the Western Assets and against federal, state and local
claims for royalties, ad valorem taxes and other amounts relating
to the Western Assets for the period beginning on December 8,
2017.

Contura Coal West expects to have returned to it approximately $9.0
million of cash collateral related to the surety bonds it
previously posted that are being released as part of this
transaction.

                      About Contura Energy

Contura Energy (NYSE: CTRA) -- http://www.conturaenergy.com/-- is
a Tennessee-based coal supplier with affiliate mining operations
across major coal basins in Pennsylvania, Virginia and West
Virginia.  With customers across the globe, high-quality reserves
and significant port capacity, Contura Energy reliably supplies
both metallurgical coal to produce steel and thermal coal to
generate power.

                      About Blackjewel L.L.C.

Blackjewel L.L.C.'s core business is mining and processing
metallurgical, thermal and other specialty and industrial coals.
Blackjewel operates 32 properties, including surface and
underground coal mines, preparation or wash plants, and loadouts or
tipples.  Combined, Blackjewel and its affiliates hold more than
500 mining permits.  Operations are located in the Central
Appalachian Basin in Virginia, Kentucky and West Virginia and the
Powder River Basin in Wyoming.

Blackjewel L.L.C. and four affiliates filed voluntary petitions
seeking relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
W.Va. Lead Case No. 19-30289) on July 1, 2019.  Blackjewel was
estimated to have $100 million to $500 million in asset and $500
million to $1 billion in liabilities as of the bankruptcy filing.

The Hon. Frank W. Volk is the case judge.

The Debtors tapped Squire Patton Boggs (US) LLP as bankruptcy
counsel; Supple Law Office, PLLC as local bankruptcy counsel; FTI
Consulting Inc. as financial advisor; Jefferies LLC as investment
banker; and Prime Clerk LLC as the claims agent.

The Office of the U.S. Trustee on July 3, 2019, appointed five
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case of Blackjewel LLC.  WHITEFORD TAYLOR &
PRESTON LLP is the Committee's counsel.


BLUE WATER: Owner Proposes Full-Payment Plan
--------------------------------------------
Mark Pollio, owner and president of Blue Water Construction, Inc.,
has proposed a Chapter 11 plan of reorganization for the Debtor,
which plan will pay all allowed creditors 100% plus reasonable
interest on their claims.

According to the Disclosure Statement, the Plan provides that:

   * Class 1 - Allowed Secured Claim of AFK, Inc.  IMPAIRED.  Class
1 Claim secured by the Debtor's future merchant agreement earnings
shall be paid, starting on the Effective Date, $26,545.56 in 60
monthly payments of $541.43.

   * Class 2 - Allowed Taxing Authority Claims of the Florida
Department of Revenue. IMPAIRED.  Class 2 will receive $18,097.23,
paid in 60 monthly payments of $354.09.

   * Class 3 - Allowed General Unsecured Claims.  IMPAIRED.  On the
Effective Date, holder of a Class 3 Claim will be paid 100% of
their claim. Class 3 Claims total $41,386.61, which will be paid a
total of $41,386.61 payable $344.89 monthly beginning in month 1
through month 120 of the Plan.

   * Class 4 - Equity Interest Holders.  Equity interest holder
Mark Pollio will retain his interests in the Debtor.

Funds to be used to make cash payments under the Plan shall derive
from income of the Debtor and the Debtor's President, Mark Pollio.

A full-text copy of Pollio's Disclosure Statement dated Oct. 16,
2019, is available at https://tinyurl.com/yy3l6gj3 from
PacerMonitor.com at no charge.

                 About Blue Water Powerboats

Blue Water Powerboats, Inc., is a recreational boating lessor that
rents boats on a half-day to daily basis to consumer individuals in
its offices in Riviera Beach, Florida.  

Blue Water Powerboats sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-21113) on Sept. 10,
2018.  At the time of the filing, the Debtor was estimated to have
assets of less than $50,000 and liabilities of less than $500,000.
Judge Mindy A. Mora oversees the case.  The Debtor tapped David
Lloyd Merrill, Esq., at The Associates, as its legal counsel.

The Debtor's president, Mark Pollio, is subject of an affiliated
bankruptcy case (Case No. 18-21115).


CHANDLERS MILL: Seeks to Hire Conway Law as Counsel
---------------------------------------------------
Chandlers Mill Properties, LLC, seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Virginia to employ
Conway Law Group, PC, as counsel to the Debtor.

Chandlers Mill requires Conway Law to:

   a. provide the Debtor legal advice with respect to its powers
      and duties as Debtor-in-Possession and in the operation of
      its business and management of its property;

   b. represent the Debtor in defense of any proceedings
      instituted to reclaim property or to obtain relief from the
      automatic stay under Section 362(a) of the Bankruptcy Code;

   c. represent the Debtor in any proceedings instituted with
      respect to debtor in possession financing and the Debtor's
      use of cash collateral;

   d. prepare any necessary applications, answers, orders,
      reports and other legal papers, and appearing on the
      Debtor's behalf in proceedings instituted by or against the
      Debtor;

   e. assist the Debtor in the preparation of schedules,
      statements of financial affairs, and any amendments thereto
      which the Debtor may be required to file in this case;

   f. assist the Debtor in the preparation of a plan of
      reorganization and disclosure statement; and

   g. perform all of the legal services for the Debtor which may
      be necessary or desirable herein.

Conway Law will be paid at these hourly rates:

     Attorneys              $400
     Paralegals             $150

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

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

Conway Law can be reached at:

     Martin C. Conway, Esq.
     CONWAY LAW GROUP, PC
     12934 Harbor Drive, Suite 108
     Woodbridge, VA 22192
     Tel: (855) 848-3011
     Fax: (571) 285-3334
     E-mail: martin@conwaylegal.com

                  About Chandlers Mill Properties

Chandlers Mill Properties, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Va. Case No. 19-13108) on Sept. 18, 2019,
estimating nder $1 million in both assets and liabilities. The
Debtor is represented by Martin C. Conway, Esq., at Conway Law
Group, PC.



CLOUD PEAK: Unsecureds to Recover 1% to 2% in Plan
--------------------------------------------------
Cloud Peak Energy Inc., which has sold its operating assets to
Navajo Transitional Energy Company, LLC, is soliciting votes for
its Chapter 11 Plan.

The Debtors, the Prepetition Secured Noteholder Group, and the
Official Committee of Unsecured Creditors support the Plan and
strongly urge holders of claims whose votes are being solicited to
accept the Plan.

The deadline to vote on the Plan is Nov. 27, 2019, at 5:00 p.m.
prevailing Eastern Time unless extended by the Debtors.

The Plan embodies a global settlement between the Debtors, the
Prepetition Secured Noteholder Group, and the Committee that
provides for the reinstatement of the Prepetition 2021 Notes in the
aggregate principal amount of $34,500,000, as amended by the
Amended Prepetition Notes Indenture, and distribution of the
Purchaser Take-Back Notes, the New Parent Equity, and certain cash
distributions to Allowed Holders of Prepetition 2021 Notes Secured
Claims and Allowed General Unsecured Claims.    

The Plan and the related Sale Transaction preserve the jobs of
hundreds of employees, addresses potential environmental risks,
maximizes value for all stakeholders, and ensures that the Debtors'
assets remain operating as part of a going concern business.  The
Debtors believe that implementing the transactions under the Plan
on the timeline proposed will maximize value for all stakeholders
and provide for the best opportunity for success going forward.

According to the Disclosure Statement, the projected recoveries
under the Plan are:

   * Prepetition 2021 Notes Secured Claims owed $280.8 million will
recover 42% to 46%.  They will receive (i) reinstatement of the
Prepetition 2021 Notes in the aggregate principal amount of $34.5
million, as amended by the Amended Prepetition Notes Indenture and
its (ii) Pro Rata Share, based on the allowed amount of its
Prepetition 2021 Notes Secured Claim, of the following: the
Purchaser Take-Back Notes; the New Parent Equity; and the
Prepetition 2021 Notes Secured Claim Cash Distribution.

   * General unsecured claims owed $62.5 million to $125 million
will recover 1% to 2%.  Holders of allowed unsecured claims will
split the $1,250,000 cash allocated by the Debtors for the class.

   * Holders of equity interest will recover 0%.  Holders of
existing interests won't receive anything on account of those
interests.  

Pursuant to the Sale Transaction, Navajo Transitional Energy
Company, LLC ("NTEC") has agreed to acquire substantially all of
the Debtors' operating assets.  The specific components of  the
total distributable value provided by NTEC in connection with the
sale are:

   * $15,700,000 in cash;

   * $40 million notes secured by a first lien on all assets of the
Debtors and NTEC, but subordinated to collateral for certain
permitted senior lien debt (not to exceed $120 million);
additionally, the collateral for the $40 million notes will exclude
any collateral  pledged to a certain Arizona Public Service Company
promissory note, as long as this note  remains outstanding (the
"Purchaser Take-Back Notes");

   * a $0.15/ton royalty, payable quarterly for a period of five
years, on all tons produced  and sold at the Antelope and Spring
Creek mines and on all tons produced and sold in excess of 10
million tons per year at the Cordero Rojo mine (the "Royalty
Interest");

   * assumption of pre- and post-petition non-income tax
liabilities and coal-production  related royalties projected to be
approximately $91.01 million as of October 31, 2019;  

   * assumption of $20 million of post-petition accounts payable;

   * agreement that the Debtors will retain all pre-closing cash on
hand, accounts receivable, cash collateral securing letters of
credit, and future AMT tax refunds; and

   * cash to fund approximately $1.019 million in cure costs

NTEC is a wholly owned limited liability company of the Navajo
Nation that is focused on being a reliable, safe producer of coal
while diversifying the Navajo Nation's energy resources to create
economic and environmental sustainability for the Navajo people.  

The Sale Transaction is expected to close on or about Oct. 18,
2019.  Following the Sale ransaction, the Debtors' remaining assets
will consist primarily of:

   * cash on the balance sheet;
   * cash received from the Purchaser and the resolution of the
Company’s AR Securitization Facility;
   * the Purchaser Take-Back Notes;
   * Royalty Interest payments to be received from the Purchaser on
account of the Sale Transaction;
   * the Retained Real Estate; and  
   * the AMT Refund.

A full-text copy of the First Amended Disclosure Statement dated
Oct. 14, 2019, is available at https://tinyurl.com/y26hxsnp from
PacerMonitor.com at no charge.

                    About Cloud Peak Energy

Cloud Peak Energy Inc. (OTC: CLDPQ) --
http://www.cloudpeakenergy.com/-- is a coal producer headquartered
in Gillette, Wyo.  It mines low sulfur, subbituminous coal and
provides logistics supply services.  Cloud Peak owns and operates
three surface coal mines and owns rights to undeveloped coal and
complementary surface assets in the Powder River Basin.  It is a
sustainable fuel supplier for approximately two percent of the
nation's electricity.

Cloud Peak Energy and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
19-11047) on May 10, 2019.  The Debtors disclosed $928,656,000 in
assets and $634,982,000 in liabilities as of the bankruptcy
filing.

The cases are assigned to Judge Kevin Gross.

The Debtors tapped Vinson & Elkins LLP as lead counsel; Richards,
Layton & Finger, P.A., as local counsel; Centerview Partners LLC as
investment banker; FTI Consulting Inc. as operational advisor; and
Prime Clerk LLC as claims and noticing agent.


CORT & MEDAS: Secured Creditor Proposes Sale-Based Plan
-------------------------------------------------------
Secured creditor 1414 Utica Avenue Lender LLC has filed with the
U.S. Bankruptcy Court for the Eastern District of New York a
proposed Plan of Reorganization for Cort & Medas Associates, LLC.

The Plan provides for the reorganization of the Debtor by and
through the liquidation of the Debtor's sole assets, which is the
real properties and improvements thereon, commonly known as and
located at 1376 Utica Avenue, Brooklyn, New York 11203 and 1414
Utica Avenue, Brooklyn, New York 11203 (Block: 4784, Lots: 20 & 35)
(collectively, the "Property") in order to generate sale proceeds
to make distributions to holders of allowed claims of the Debtor's
estate.

In the event that sale proceeds are insufficient to pay all claims
of creditors in full, the Secured Creditor is prepared to
contribute cash.  The Secured Creditor will serve as the  stalking
horse bidder under the Secured Creditor's Plan.

The Secured Creditor has communicated with, and intends to engage
Richard Maltz of Maltz Auctions, to market and sell the Propertyin
order to obtain its highest and best price,  in  accordance with
applicable provisions of the Bankruptcy Code.  The sale will be
conducted following confirmation of the Plan.

The Secured Creditor, 1414 Utica Avenue Lender, has a $2.325
million secured claim.  The SBA has a $757,000 secured claim.
General unsecured claimants are owed $193,578.

In furtherance of the Plan, the Secured Creditor has agreed to
provide cash necessary to fund distributions under the Plan in the
following priority: (1) payment to governmental units in the full
amount of their Allowed Secured Claims for real estate taxes and
water and sewer use charges; (2) payment to the Secured Creditor in
the full amount of its Secured Claim; (3) payment in full amounts
due to Government Secured Creditors; (4) payment to SBA; and (5)
payment in full to amounts due to and claims of (a) the Office of
the United States Trustee, (b) Holders of Priority Claims, (c)
Allowed Administrative Creditor and (d) Holders of General
Unsecured Claims.

A full-text copy of the Secured Creditor's Disclosure Statement
dated Oct. 14, 2019, is  available at https://tinyurl.com/y33dds9w
from PacerMonitor.com at no charge.

Attorneys for 1414 Utica Avenue Lender LLC:

     Jerold C. Feuerstein
     Stuart L. Kossar
     KRISS & FEUERSTEIN LLP
     360 Lexington Avenue, Suite 1200
     New York, NY 10017
     (212) 661-2900

                 About Cort & Medas Associates

Cort & Medas Associates, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 19-41313) on March 6,
2019.  At the time of the filing, the Debtor was estimated to have
assets and liabilities of between $1 million and $10 million.  The
case is assigned to Judge Carla E. Craig.  Shafferman & Feldman LLP
is the Debtor's legal counsel.


CP#1109 LLC: US Trustee Has Issues With Disclosure Statement
------------------------------------------------------------
Nancy J. Gargula, the United States Trustee for Region 21,
submitted objections to the disclosure statement and proposed plan
filed by CP#1109, LLC.

The U.S. Trustee raised 17 objections to the Disclosure Statement,
including:

    1. The disclosure statement fails to provide sufficient
information regarding the Debtor's background.  The disclosure
statement should provide the shareholders of equity and should
indicate whether the Debtor is a manager managed LLC or member
managed LLC.

    2. The U.S. Trustee notes that the Debtor filed the plan and
disclosure statement 5 months ago and has not updated any of the
information.  The Debtor should explain why it waited this length
of time to seek approval of the disclosure statement and move the
case towards confirmation.

    3. The disclosure statement fails to provide current
information regarding all litigation.

    4. The disclosure statement should provide current information
regarding the Debtor's ability to obtain parts and repair its sole
asset and how such repair was paid.

    5. The disclosure statement indicates that once the aircraft is
repaired and operative the Debtor intends to rent it to affiliates
and equity.  The disclosure statement should indicate the Debtor's
affiliates.

    6. The disclosure statement fails to disclose the names and
estimates of all administrative claimants.  Upon information and
belief the Debtor has employed two special counsel.  Additionally,
the Court required the Debtor to pay certain hangar fees.  The
Debtor should disclose whether such fees have been paid and if so,
by whom.  If paid by a third party, the disclosure statement should
indicate if the payments were loans or gifts to the Debtor.

The U.S. Trustee moves the Court to enter an order denying approval
of the disclosure statement, unless the necessary changes are made
to correct the deficiencies.

                      About CP#1109 LLC

CP#1109, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 18-25821) on Dec. 20, 2018.  At the
time of the filing, the Debtor estimated assets of less than $1
million and liabilities of less than $500,000.  The case is
assigned to Judge Mindy A. Mora.  AM Law, LLC, is the Debtor's
counsel.


DESTINATION MATERNITY: Has Interim Approval to Use Cash Collateral
------------------------------------------------------------------
Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware authorized Destination Maternity Corporation
and its debtor-affiliates to use cash collateral on an interim
basis solely in accordance with and to the extent set forth in the
Budget and the Interim Order.

A hearing will be held on Nov. 14, 2019 at 2:30 p.m. during which
time the Court consider approving Debtors' use of cash collateral
on final basis. Responses or objections are due no later than Nov.
7 at 4:00 p.m.

Wells Fargo, National Association, in its capacity as ABL Agent and
Pathlight Capital LLC, in its capacity as Term Agent assert that
any and all cash of the Debtors is cash collateral of the ABL Agent
and the Term Agent, respectively.

As of the Petition Date, the Debtors were jointly and severally
indebted and liable to the ABL Agent and the ABL Lenders under the
ABL Loan Documents in an aggregate principal amount of $22,129,000.
The Debtors were also indebted and liable to the Term Agent and
Term Lenders under the Term Loan Documents in an aggregate
principal amount of not less than $23,400,000.

As adequate protection for and solely to the extent of the amount
of diminution in value of its interests in the collateral from and
after the Petition Date, the ABL Agent, for the benefit of itself
and the ABL Lenders, is granted valid, binding, enforceable and
perfected replacement liens upon and security interest in all of
each Debtor's presently owned or hereafter acquired property and
assets, whether such property and assets were acquired by the
Debtor before or after the Petition Date.

The ABL Agent is also granted an allowed superpriority
administrative expense claim in the cases and any successor
bankruptcy case, which will have priority over all administrative
expense claims, including administrative expenses of the kinds
specified in sections 503(b) and 507(b) of the Bankruptcy Code, and
unsecured claims against each Debtor and each Estate, now existing
or hereafter arising, of any kind or nature whatsoever.

The Debtors will make weekly mandatory payments to the ABL Agent
for permanent application against the ABL Credit Obligations using
available cash on hand for such week in excess of $1 million of
Ending Bank Cash Balance, commencing on the 5th full week after the
Petition Date, and on the Monday of each week for so long as any
ABL Credit Obligations remain outstanding and are not fully
satisfied and paid in full.

In the event that ABL Agent and other ABL Lenders have not received
the indefeasible payment in full of all ABL Credit Obligations on
or before Dec. 31, 2019, then the Debtors will pay to the ABL Agent
all unpaid obligations that are or which may become due and payable
pursuant to the ABL Loan Documents on or after Dec. 31 from the net
sales proceeds generated from any sales, dispositions, or proceeds
or casualty insurance of all collateral outside the ordinary course
of the Debtors' businesses until all obligations are fully
satisfied and paid in full.

As adequate protection for and solely to the extent of the amount
of diminution in value of its interests in the collateral from and
after the Petition Date, the Term Agent, for the benefit of itself
and the Term Lenders, is granted valid, binding, enforceable and
perfected replacement liens upon and security interest in all of
each Debtor's presently owned or hereafter acquired property and
assets, whether such property and assets were acquired by the
Debtor before or after the Petition Date.

The Term Agent is also granted an allowed superpriority
administrative expense claim in the cases and any successor
bankruptcy case, which will have priority over all administrative
expense claims, including administrative expenses of the kinds
specified in sections 503(b) and 507(b) of the Bankruptcy Code, and
unsecured claims against each Debtor and each Estate, now existing
or hereafter arising, of any kind or nature whatsoever.

Each Debtor will satisfy each of the following Milestones:

      (A) On or prior to Oct. 23, the Debtors will file motion (i)
to conduct the Debtors' store closing sales; (ii) to assume
Debtors' prepetition store closing liquidation agreement, entered
into between Debtors and Gordon Brothers Retail Partners, LLC; and
(iii) for bidding and auction procedures in connection with the
sale or sales of all or substantially all of the Debtors' assets.

      (B) On or prior to Oct. 23, the Debtors will have executed an
engagement letter with Robert J. Duffy as the Chief Restructuring
Officer of each Debtors and adopted all necessary corporate
resolutions in connection therewith.

      (C) On or prior to Oct. 28, the Debtors will have (i)
commenced Store Closing Sales at no less than 210 store locations,
subject to the Court-approved store closing procedures; and (ii)
retained a real estate consultant on the terms and conditions
acceptable to ABL Agent and Term Agent, for the purpose of advising
the Debtors with respect to the real estate owned by the Debtors as
well as marketing and selling any real estate that is not sold in
connection with a "going concern sale."

      (D) On or prior to Nov. 4, the Debtors will have delivered to
ABL Agent and Term Agent a detailed M&E report identifying all
machinery and equipment owned or used by the Debtors, cinluding the
location of such equipment.

      (E) On or prior to Nov. 14, the Court will have entered (i)
the Final Order approving the Debtors' use of cash collateral, and
(ii) Final Order approving the Store Closing GOB Sales, assumption
of the Store Closing Liquidation Agreement, and the Bid
Procedures.

      (F) On or prior to Dec. 4, the Debtors will have received one
or more binding bids in an amount not less than the aggregate
amount of all outstanding ABL Credit Obligations and the Term Loan
Obligations.

      (G) On or prior to Dec. 9, the Debtors will have conducted an
auction, if any, for the sale or sales of all or substantially all
of their assets and properties and selected the winning bid in
connection with such 363 Sale.

      (H) On or prior to Dec. 12, the Court will have entered an
Order approving the sale or sales of all or substantially all of
the Debtors' assets and properties.

      (I) On or prior to Dec. 31, the Debtors will have made
Payment in Full of all outstanding obligations pursuant to the ABL
Loan documents and the Term Loan Documents, respectively.

A copy of the Interim Order is available for free at

            http://bankrupt.com/misc/deb19-12256-77.pdf

                     About Destination Maternity

Destination Maternity is a designer and omni-channel retailer of
maternity apparel in the United States, with the only nationwide
chain of maternity apparel specialty stores, as well as a deep and
expansive assortment available through multiple online distribution
points, including our three brand-specific websites.

As of August 3, 2019, the Company operated 937 retail locations,
including 446 stores in the United States, Canada and Puerto Rico,
and 491 leased departments located within department stores and
baby specialty stores throughout the United States and Canada.  It
also sells merchandise on the Internet, primarily through our
Motherhood.com, APeaInThePod.com and DestinationMaternity.com
websites.  The Company sells merchandise through its Canadian
website, MotherhoodCanada.ca, through Amazon.com in the United
States, and through websites of certain of our retail partners,
including Macys.com.

Its 446 stores operate under three retail nameplates: Motherhood
Maternity(R), A Pea in the Pod(R) and Destination Maternity(R). We
also operate 491 leased departments within leading retailers such
as Macy's(R), buybuy BABY(R) and Boscov's(R).  Generally, the
Company is the exclusive maternity apparel provider in its leased
department locations.

Destination Maternity Corporation and two subsidiaries sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 19-12256) on
Oct. 21, 2019.

Destination Maternity disclosed assets of $260,198,448 and
liabilities of $244,035,457 as of Oct. 5, 2019.

The Hon. Brendan Linehan Shannon is the case judge.

Kirkland & Ellis LLP is acting as the Company's legal counsel,
Greenhill & Co., LLC is acting as investment banker and Berkeley
Research Group, LLC ("BRG") is serving as Destination Maternity's
restructuring advisor while BRG's Robert J. Duffy has been
appointed as the Company's Chief Restructuring Officer.

Landis Rath & Cobb LLP is the local bankruptcy counsel.  Hilco
Streambank LLC is the intellectual property advisor.  Prime Clerk
LLC is the claims agent.


DPW HOLDINGS: Receives Notice of Default and Demand for Payment
---------------------------------------------------------------
DPW Holdings, Inc. received on Oct. 23, 2019, a notice of default
and demand for immediate payment from an investor informing the
Company of a default as a result of late payments, which
constitutes an Event of Default under a securities purchase
agreement, in the sum of $3,395,404, including accrued and unpaid
interest, default fees and late fees.  Accordingly, the Investor
has demanded immediate payment of the amount due under the New
Note.

As previously reported in the Current Report on Form 8-K filed by
DPW Holdings on June 18, 2019, the Company entered into the SPA
with the Investor to consummate a refinancing pursuant to which, in
consideration for the extinguishment of a Senior Secured
Convertible Promissory Note dated May 15, 2018, the Company (i)
sold a 10% Senior Secured Promissory Note with a principal face
amount of $2,800,000, plus an original issue discount in the amount
of $100,000 (subject to adjustment) (the "New Note") and (ii)
issued 500,000 shares of Common Stock.

As set forth in the Notice, interest continues to accrue at the
default rate provided for in the New Note and late fees continue to
accrue at the rate provided for in the New Note.  In addition, Ault
& Company, Inc., a Delaware corporation, as a guarantor, is also
responsible for all continuing costs of collection and attorney's
fees and other expenses owing and that may become due and owing
pursuant to the New Note or any other Transaction Documents.

Upon receipt of the Notice from the Investor, the Company is
attempting to reach a negotiated settlement with the Investor and
remains in discussions with the Investor to do so.  The Company
hopes to continue to work with the Investor to settle its
obligations under the New Note.  The Company intends to vigorously
defend its position should a mutually amicable resolution prove
unattainable.

                       About DPW Holdings

DPW Holdings, Inc., formerly known as Digital Power Corp. --
http://www.DPWHoldings.com-- is a diversified holding company
pursuing growth by acquiring undervalued businesses and disruptive
technologies that hold global potential.  Through its wholly owned
subsidiaries and strategic investments, the company provides
mission-critical products that support a diverse range of
industries, including defense/aerospace, industrial,
telecommunications, medical, crypto-mining, and textiles.  In
addition, the company owns a select portfolio of commercial
hospitality properties and extends credit to select entrepreneurial
businesses through a licensed lending subsidiary. DPW Holdings'
headquarters is located at 201 Shipyard Way, Suite E, Newport
Beach, CA 92663.

DPW Holdings incurred a net loss of $32.98 million in 2018,
following a net loss of $10.89 million in 2017.  As of June 30,
2019, the Company had $52.42 million in total assets, $30.57
million in total liabilities, and $21.84 million in total
stockholders' equity.

Marcum LLP, in New York, the Company's auditor since 2016, issued a
"going concern" qualification in its report dated April 16, 2019,
on the Company's consolidated financial statements for the year
ended Dec. 31, 2018, stating that the Company has a significant
working capital deficiency, has incurred significant losses and
needs to raise additional funds to meet its obligations and sustain
its operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


DURA AUTOMOTIVE: Secures $77M DIP Financing Facility from Ark
-------------------------------------------------------------
DURA Automotive Systems, LLC, a global automotive supplier
specializing in the design, engineering, and manufacturing of
automotive mobility products, including parts and systems to
support the industry's shift to electric vehicles, on Oct. 17,
2019, disclosed that it is moving forward with a restructuring
process to facilitate an infusion of new capital and to pursue an
expedited going-concern sale process that will fuel the future
growth of the Company.  To implement this restructuring, the
Company and its domestic subsidiaries have filed voluntary
petitions for relief under Chapter 11 of the United States
Bankruptcy Code in the United States Bankruptcy Court for the
Middle District of Tennessee.  DURA's non-U.S. subsidiaries are not
part of the Chapter 11 filing.

DURA has obtained a commitment from Ark II CLO 2001-1, Ltd., an
entity controlled by Lynn Tilton, DURA's CEO and majority owner,
for a $77 million debtor-in-possession financing facility,
including $50 million of new money, the proceeds of which will be
used to fund the Company's ongoing business operations, including
capital expenditures for future platforms.  This facility will
allow DURA to continue business as usual while pursuing a
court-supervised, going-concern sale, commonly referred to as a
"363 sale."  In connection with the 363 sale process, an entity
controlled by Ms. Tilton has proposed to purchase DURA's assets and
assume all customer, trade, and employee obligations (including
pension obligations), subject to higher and better bids from other
potential purchasers.

The Company expects this expedited sales process, including the
closing on the 363 sale, to be completed within approximately 120
days.  A Transaction Committee consisting of two independent
directors has been appointed to provide for a clear and quick sales
process.

Through the financing commitments and acquisition proposal, DURA
intends to facilitate a restructuring that will position the
Company for the future by resolving its near-term liquidity needs,
outstanding ownership issues and will allow the Company to
capitalize on its quality manufacturing, talented workforce, and
recent new business opportunities.

"The financing Ms. Tilton has agreed to supply will provide DURA
with much-needed capital to fund growth programs that we have
recently been awarded," said Kevin Grady, Executive Vice President
& Chief Financial Officer of DURA.  "These important actions will
allow us to continue our operations as normal.  Most critically,
this expedited sales process will not result in any supply
disruptions or trade impairments."

Lynn Tilton, CEO of DURA, said: "Ongoing constituent disputes have
made it impossible for DURA to access ordinary course, yet
essential financing.  The actions announced today will allow the
Company to move forward and access the necessary capital that will
fuel its growth.  I look forward to working closely with DURA's
leadership and its talented and dedicated work force throughout
this process as we continue the transformation of this great
company."

The Company plans, subject to approval by the Bankruptcy Court, to
pay wages and benefits to its employees in the ordinary course,
including the continuation of its normal course funding of its
pension obligations.  DURA has filed several other customary "first
day motions" with the Bankruptcy Court, including with respect to
its cash management procedures, which will allow the Company to
conduct business without interruption while it pursues the 363 sale
on an expedited basis.  The Company will pay its suppliers and
other vendors in the ordinary course for parts supplied and work
performed throughout the bankruptcy process.

DURA's non-U.S. operations in Asia, Europe, South America, and
Mexico are not included in the Chapter 11 cases, and their
operations will continue in the ordinary course.  "Our business
outside the U.S. is strong and stable, and we expect no changes in
our international operations," said Mr. Grady.

DURA's bankruptcy counsel is Kirkland & Ellis LLP.  The Chapter 11
petition was filed in the United States Bankruptcy Court for the
Middle District of Tennessee.

Dura Automotive Systems, LLC, together with its affiliates, is an
independent designer and manufacturer of automotive systems,
including mechatronic systems, exterior systems, and lightweight
structural systems, among others.  The Company --
https://www.duraauto.com/ -- is nationally certified in the United
States by the Women's Business Enterprise Council, and operates 25
facilities in 13 countries throughout North America, South America,
Europe, and Asia.  Headquartered in Auburn Hills, Michigan, the
Company employs approximately 7,400 individuals.


ELBAMED INTERNATIONAL: Hires Meland Russin as Attorney
------------------------------------------------------
Elbamed International, Inc., seeks authority from the U.S.
Bankruptcy Court for the Southern District of Florida to employ
Meland Russin & Budwick, P.A., as attorney to the Debtor.

Elbamed International requires Meland Russin to:

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

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

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

   d) protect the interest of the Debtor and its estate in all
      matters pending before the Court; and

   e) represent the Debtor in negotiations with its creditors and
      other parties in interest, and in the preparation of a
      plan.

Meland Russin will be paid at these hourly rates:

     Peter D. Russin               $695
     Daniel N. Gonzalez            $525
     Meaghan E. Murphy             $350
     Utibe Ikpe                    $350
     Paralegals                 $120 to $255

Meland Russin received a retainer from SGL Technics S.A. in the
amount of $20,000 on September 17, 2019.

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

Daniel N. Gonzalez, a partner at Meland Russin, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Meland Russin can be reached at:

     Daniel N. Gonzalez, Esq.
     MELAND RUSSIN & BUDWICK, P.A.
     200 South Biscayne Boulevard
     Miami, FL 33131
     Tel: (305) 358-6363
     Fax: (305) 358-1221
     E-mail: prussin@melandrussin.com
             dgonzalez@melandrussin.com

                    About Elbamed International

Elbamed International, Inc., classifies its business as single
asset real estate (as defined in 11 U.S.C. Section 101(51B)).
Elbamed International sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 19-21149) on Aug. 21,
2019.  At the time of the filing, the Debtor was estimated to have
assets of between $1 million and $10 million and liabilities of the
same range.  The case is assigned to Judge Jay A. Cristol.  The
Debtor is represented by Daniel N. Gonzalez, Esq., at Meland Russin
& Budwick, P.A.


ELK CITY LODGING: Authorized to Use Celtic Bank Cash Collateral
---------------------------------------------------------------
Judge Sarah A. Hall of the U.S. Bankruptcy Court for the Western
District of Oklahoma authorized Elk City Lodging, LLC to use cash
collateral subject to the protections and consideration described
in the Interim Order.

Celtic Bank claims that substantially all of the Debtor's assets
are subject to the Prepetition Liens of the Bank  including liens
on room rents.

Celtic Bank is granted valid, binding, enforceable, and perfected
liens co-extensive with its pre-petition liens in all currently
owned or hereafter acquired property and assets of the Debtor, of
any kind or nature, whether real or personal, tangible or
intangible, wherever located, now owned or hereafter acquired or
arising and all proceeds and products, including, without
limitation, all accounts receivable, general intangibles,
inventory, and deposit accounts coextensive with their pre-petition
liens. Celtic Bank is granted replacement liens and security
interests, coextensive with its pre-petition liens, as adequate
protection for the diminution in value of the interests of Celtic
Bank.

A hearing will be held on Nov. 7, 2019 at 1:30 p.m. during which
time the Court will consider entry of the proposed Final Order.
Objections are due no later than noon on Nov. 5.

A copy of the Interim Order is available for free at
https://tinyurl.com/y552lhnc from Pacermonitor.com

                     About Elk City Lodging

Elk City Lodging, LLC, d/b/a Comfort Inn & Suites, is a privately
held company in Elk City, Oklahoma, that operates in the hotel and
lodging industry.  

Elk City Lodging filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Okla. Case No. 19-13945) on Sept. 26, 2019 in Oklahoma City,
Oklahoma.  In the petition signed by CEO Kumar Khemlani, the Debtor
was estimated to have both assets and liabilities at $1 million to
$10 million.  Judge Sarah A. Hall is assigned the case.  JOYCE W.
LINDAUER ATTORNEY, PLLC, is the Debtor's counsel.



EP ENERGY: Enters Into Backstop Agreement with Key Creditors
------------------------------------------------------------
EP Energy Corporation on Oct. 18, 2019, disclosed that it has
entered into a Backstop Commitment Agreement (the "Backstop
Agreement") and Plan Support Agreement (the "PSA") with a number of
its key creditors on the terms of a comprehensive restructuring
plan (the "Plan").  The Backstop Agreement and PSA memorialize the
terms of the previously disclosed agreement in principle reached on
October 3, 2019, and will provide for, among other things: (1) a
substantial reduction of the Company's existing funded debt by
approximately $3.3 billion, (2) a substantial reduction of the
Company's annual debt service obligations by up to $263 million,
and (3) a $475 million rights offering, approximately $463 million
of which is backstopped by parties holding approximately 52.0% of
the Debtors' 1.25L Notes and approximately 79.3% of the Debtors'
1.5L Notes.  In addition, the Company has entered into a commitment
letter under which over 90% of the Company's existing revolving
loan lenders have committed to provide support for an approximately
$629 million Senior Secured Exit Financing.

President and Chief Executive Officer Russell Parker said, "We are
pleased to have reached an agreement with a substantial group of
our key creditors on a plan that will facilitate our goal of
significantly reducing our debt and enhancing our long-term
competitive position.  This agreement demonstrates our creditors'
confidence in our business and will enable EP Energy to work
through the financial restructuring process on an expedited basis
as we continue our operations without interruption.  The EP Energy
team remains focused on improving operational execution and capital
efficiency and positioning the Company to succeed in the current
operating environment.  We appreciate the continued dedication of
our talented team of employees, and the partnership of our royalty
owners, lessors, vendors and business partners."

As previously announced, EP Energy voluntarily filed for chapter 11
reorganization in the U.S. Bankruptcy Court for the Southern
District of Texas.  EP Energy is continuing to operate in the
normal course during the financial restructuring process.


                         About EP Energy

EP Energy Corporation and its direct and indirect subsidiaries (OTC
Pink: EPEG) -- http://www.epenergy.com/-- are a North American oil
and natural gas exploration and production company headquartered in
Houston, Texas.  The Debtors operate through a diverse base of
producing assets and are focused on the development of drilling
inventory located in three areas: the Eagle Ford shale in South
Texas, the Permian Basin in West Texas, and Northeastern Utah.

EP Energy Corporation and its subsidiaries sought Chapter 11
protection on Oct. 3, 2019, after reaching a deal with Elliott
Management Corporation, Apollo Global Management, LLC, and certain
other noteholders on a bankruptcy exit plan that would reduce debt
by 3.3 billion.

The lead case is In re EP Energy Corporation (Bankr. S.D. Tex. Lead
Case No. 19-35654).

EP Energy was estimated to have $1 billion to $10 billion in assets
and liabilities as of the bankruptcy filing.

The Hon. Marvin Isgur is the case judge.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel; Evercore
Group L.L.C. as investment banker; and FTI Consulting, Inc. as
financial advisor.  Prime Clerk LLC is the claims agent.


FIRSTENERGY SOLUTIONS: Court Enters Plan Confirmation Order
-----------------------------------------------------------
Firstenergy Solutions Corp., et al., have won approval of their
Eighth Amended Joint Plan of Reorganization.

After holding hearings on Aug. 20 and 21, 2019, and reviewing the
the recent amendments to the Plan proposed by the Debtors, Judge
Alan M. Koschik entered an order confirming the Plan on Oct. 16,
2019.

The Plan is the product of good faith, arm's-length negotiations by
and among the Debtors, the Debtors' disinterested directors, the
Committee, the Ad Hoc Noteholder Group, the Mansfield
Certificateholders Group, the FES Creditor Group, the Mansfield
Owner Parties, the FE Non-Debtor Parties and certain of the
Debtors' other stakeholders.

As set forth in the Voting Declaration, Classes A3, A4, A5, A7, A8,
B4, B5, B6, B7, B8, B9, C3, C4, C5, C6, C8, D4, D6, E3, E5, F3 and
G3, which were Impaired Classes of Claims entitled to vote on the
Plan, have voted to accept the Plan

Copies of the Plan Confirmation Order and Eight Amended Joint Plan
of Reorganization are available at https://is.gd/aCTK0a from
PacerMonitor.com free of charge.

                Treatment of Claims & Interests

The 8th Amended Plan will treat claims and interests as follows:

   * Class A3 consists of Unsecured PCN/FES Notes Claims against
FES.  IMPAIRED.  The Unsecured PCN/FES Notes Claims Against FES
shall be Allowed in the aggregate amount of $2,237,912,062.  Each
Holder of an Allowed Unsecured PCN/FES Notes Claim Against FES
shall receive, on the Effective Date or as soon as reasonably
practicable thereafter, New Common Stock, subject to dilution for
the Management Incentive Plan, in an amount equal to its Pro Rata
share of FES Unsecured Distributable Value.

   * Class A4 consists of Mansfield Certificate Claims against FES.
IMPAIRED.  The Mansfield Certificate Claims Against FES shall be
Allowed in the aggregate amount of $786,763,400. Each Holder of an
Allowed Mansfield Certificate Claim Against FES shall receive, on
the Effective Date or as soon as reasonably practicable thereafter,
New Common Stock, subject to dilution for the Management Incentive
Plan, in an amount equal to its Pro Rata share of FES Unsecured
Distributable Value.

   * Class A5 consists of Holders of FENOC-FES Unsecured Claims
(solely as to the portion of the claim against FES).  IMPAIRED.
Each Holder of an Allowed FENOC-FES Unsecured Claim Against FES
shall receive, on the Initial Distribution Date, cash equal to its
Pro Rata share of (i) the FES Unsecured Distributable Value, and
(ii) the FENOC-FES Claim Reallocation.

   * Class A6 consists of FES Single-Box Unsecured Claims.
IMPAIRED.  Each Holder of an Allowed FES Single-Box Unsecured Claim
shall receive, on the Initial Distribution Date, cash equal to its
Pro Rata share of (i) the FES Unsecured Distributable Value, (ii)
the portion of the Reallocation Pool allocated to FES, (iii) the
FENOC-FES Claim
Reallocation, and (iv) the NG Reallocation Pool.

   * Class A7 consists of the Mansfield TIA Claims against FES and
the Mansfield OT Claims against FES. IMPAIRED. The Mansfield TIA
Claims against FES shall be Allowed as Unsecured Claims in the
aggregate amount of $182,000,000.00. Each Holder of an Allowed
Mansfield Indemnity Claim against FES shall receive, on the Initial
Distribution Date, cash equal to its Pro Rata share of FES
Unsecured Distributable Value.

   * Class A8 consists of all Convenience Claims against FES.
IMPAIRED. Each Holder of an Allowed Convenience Claim against FES
that has properly elected to be treated as such on its Ballot shall
receive, on the Initial Distribution Date, Cash in an amount equal
to 36.4% of the Allowed Convenience Claim.

   * Class A9 consists of prepetition Inter-Debtor Claims against
FES. IMPAIRED. Each Holder of an Allowed prepetition Inter-Debtor
Claim against FES shall receive their Pro Rata share of the FES
Unsecured Distributable Value.

   * Class A10 consists of Interests in FES. IMPAIRED. As of the
Effective Date, Interests in FES shall be cancelled and released
without any distribution on account of such Interests.

   * Class B4 consists of the Secured FG PCN Reinstated Claims
against FG. IMPAIRED. The Secured FG PCN Reinstated Claims shall be
Allowed in the aggregate principal amount of $146,300,000. Allowed
Secured FG PCN Reinstated Claims shall be Reinstated in full on the
Effective Date or as soon as practicable thereafter.

   * Class B5 consists of Unsecured PCN/FES Notes Claims against
FG. IMPAIRED. The Unsecured PCN/FES Notes Claims against FG shall
be Allowed in the aggregate amount of $2,237,912,062. Each Holder
of an Allowed Unsecured PCN/FES Notes Claim Against FG shall
receive, on the Effective Date or as soon as reasonably practicable
thereafter, New Common Stock, subject to dilution for the
Management Incentive Plan, in an amount equal to its Pro Rata share
of the FG Unsecured Distributable Value.

   * Class B6 consists of Mansfield Certificate Claims against FG.
IMPAIRED. The Mansfield Certificate Claims Against FG shall be
Allowed in the aggregate amount of $786,763,400. Each Holder of an
Allowed Mansfield Certificate Claim Against FG shall receive, on
the Effective Date or as soon as reasonably practicable thereafter,
New Common Stock,
subject to dilution for the Management Incentive Plan, in an amount
equal to its Pro Rata share of the FG Unsecured Distributable
Value.

   * Class B7 consists of FG Single-Box Unsecured Claims.
IMPAIRED.  Each Holder of an Allowed FG Single-Box Unsecured Claim
shall receive, on the Initial Distribution, cash equal to its Pro
Rata share of (i) the FG Unsecured Distributable Value and (ii) the
Reallocation Pool allocable to FG.

   * Class B8 consists of the Mansfield TIA Claims against FG and
the Mansfield OT Claims against FG.  IMPAIRED.  The Mansfield TIA
Claims against FG shall be Allowed as Unsecured Claims in the
aggregate amount of $182,000,000 each Holder of an Allowed
Mansfield Indemnity Claim against FG shall receive, on the Initial
Distribution Date, cash equal to its Pro Rata share of FG Unsecured
Distributable Value.

   * Class B9 consists of all Convenience Claims against FG.
IMPAIRED.  Each Holder of an Allowed Convenience Claim against FG
that has properly elected to be treated as such on its Ballot shall
receive, on the Initial Distribution Date, Cash in an amount equal
to 22.0% of the Allowed Convenience Claim.

   * Class B10 consists of prepetition Inter-Debtor Claims against
FG.  IMPAIRED.  The prepetition Inter-Debtor Claims of FGMUC
against FG shall be Allowed as Unsecured Claims in the aggregate
amount of $901,881,812.  Each Holder of an Allowed prepetition
Inter-Debtor Claim against FG shall receive their Pro Rata share of
the FG Unsecured Distributable Value.

   * Class B11 consists of Interests in FG.  Reorganized FES will
retain ownership of all Interests in FG.

   * Class C3 consists of the Secured NG PCN Claims against NG.
IMPAIRED.  The Secured NG PCN Claims shall be Allowed in the
aggregate principal amount of $284,600,000.  Allowed Secured NG PCN
Claims shall be Reinstated in full on the Effective Date, or as
soon thereafter as practicable.

   * Class C4 consists of Unsecured PCN/FES Notes Claims against
NG.  IMPAIRED.  The Unsecured PCN/FES Notes Claims Against NG shall
be Allowed in the aggregate amount of $2,237,912,062.  Each Holder
of an Allowed Unsecured PCN/FES Notes Claim Against NG shall
receive, on the Effective Date or as soon as reasonably practicable
thereafter, New Common Stock, subject to dilution for the
Management Incentive Plan, in an amount equal to its Pro Rata share
of NG Unsecured Distributable Value.

   * Class C5 consists of Mansfield Certificate Claims against NG.
The Mansfield Certificate Claims Against NG shall be Allowed in the
aggregate amount of $786,763,400.  Each Holder of an Allowed
Mansfield Certificate Claim Against NG shall receive, on the
Effective Date or as soon as reasonably practicable thereafter, New
Common Stock, subject to dilution for the Management Incentive
Plan, in an amount equal to its Pro Rata share of NG Unsecured
Distributable Value.

   * Class C6 consists of NG Single-Box Unsecured Claims.
IMPAIRED.  Each Holder of an Allowed NG Single-Box Unsecured Claim
shall receive, on the Initial Distribution Date, cash equal to
their Pro Rata share of NG Unsecured Distributable Value.

   * Class C7 consists of Holders of NG-FENOC Unsecured Claims
(solely as to the portion of the claim against NG).  IMPAIRED.
Each Holder of an Allowed NG-FENOC Unsecured Claim against NG shall
receive, on the Initial Distribution, cash equal to their Pro Rata
share of NG Unsecured Distributable Value.

   * Class C8 consists of all Convenience Claims against NG.
IMPAIRED.  Each Holder of an Allowed Convenience Claim against NG
that has properly elected to be treated as such on its Ballot shall
receive, on the Initial Distribution Date, Cash in an amount equal
to 35.7% of the Allowed Convenience Claim.

   * Class C9 consists of prepetition Inter-Debtor Claims against
NG.  IMPAIRED.  Each Holder of an Allowed prepetition Inter-Debtor
Claim against NG, if any, shall receive their Pro Rata share of the
NG Unsecured Distributable Value.

   * Class C10 consists of Interests in NG.  Reorganized FES shall
retain ownership of all of the Interests in NG.

   * Class D3 consists of Holders of FENOC-FES Unsecured Claims
(solely as to the portion of the claim against FENOC).  IMPAIRED.
Each Holder of an Allowed FENOC-FES Unsecured Claim against FENOC
shall receive, on the Initial Distribution Date, cash equal to its
Pro Rata share of FENOC Unsecured Distributable Value.

   * Class D4 consists of FENOC Single-Box Unsecured Claim.
IMPAIRED.  Each Holder of an Allowed FENOC Single-Box Unsecured
Claim shall receive, on the Initial Distribution Date, cash equal
to its Pro Rata share of (i) the FENOC Unsecured Distributable
Value and (ii) the portion of the Reallocation Pool allocable to
FENOC.

   * Class D5 consists of Holders of NG-FENOC Unsecured Claims
(solely as to the portion of the claim against FENOC).  IMPAIRED.
Each Holder of an Allowed NG-FENOC Unsecured Claim shall receive,
on the Initial Distribution Date, cash equal to its Pro Rata share
of FENOC Unsecured Distributable Value.

   * Class D6 consists of all Convenience Claims against FENOC.
IMPAIRED.  Each Holder of an Allowed Convenience Claim against
FENOC that has properly elected to be treated as such on its Ballot
shall receive, on the Initial Distribution Date, Cash in an amount
equal to 24.3% of the Allowed Convenience Claim.

   * Class D7 consists of prepetition Inter-Debtor Claims against
FENOC.  IMPAIRED.  The prepetition Inter-Debtor Claims of FES
against FENOC shall be Allowed as Unsecured Claims in the aggregate
amount of $32,603,216. Each Holder of an Allowed prepetition
Inter-Debtor Claim against FENOC shall receive their Pro Rata share
of the FENOC Unsecured Distributable Value.

   * Class D8 consists of Interests in FENOC.  On the Effective
Date, Interests in FENOC shall be cancelled and released without
any distribution on account of such Interests.  On the Effective
Date, shares of new common stock of Reorganized FENOC shall be
issued to New Holdco.

   * Class E3 consists of the Mansfield Certificate Claims against
FGMUC.  IMPAIRED.  The Mansfield Certificate Claims shall be
allowed in the amount of $786,763,400 in accordance with the terms
of the Mansfield Settlement. Each Holder of an Allowed Mansfield
Certificate Claim against FGMUC shall receive, on the Effective
Date or as soon as reasonably practicable thereafter, New Common
Stock subject to dilution for the Management Incentive Plan, in an
amount equal to its Pro Rata share of FGMUC Unsecured Distributable
Value.

   * Class E4 consists of FGMUC Single-Box Unsecured Claims.
IMPAIRED.  The Holders of FGMUC Single-Box Unsecured Claims shall
receive, on the Initial Distribution Date, cash equal to its Pro
Rata share of (i) the FGMUC Unsecured Distributable Value, and (ii)
the portion of the Reallocation Pool allocable to FGMUC.

   * Class E5 consists of the Mansfield TIA Claims against FGMUC
and the Mansfield OT Claims against FGMUC.  IMPAIRED.  The
Mansfield TIA Claims against FGMUC shall be Allowed as Unsecured
Claims in the aggregate amount of $182,000,000.  Each Holder of an
Allowed Mansfield Indemnity Claim against FGMUC shall receive, on
the Initial Distribution Date, cash equal to its Pro Rata share of
the FGMUC Unsecured Distributable Value.

   * Class E6 consists of all Convenience Claims against FGMUC.
IMPAIRED.  Each Holder of an Allowed Convenience Claim against
FGMUC that has properly elected to be treated as such on its Ballot
shall receive, on the Initial Distribution Date, Cash in an amount
equal to 18.0% of the Allowed Convenience Claim.

   * Class E7 consists of prepetition Inter-Debtor Claims against
FGMUC.  IMPAIRED.  Each Holder of an Allowed prepetition
Inter-Debtor Claim against FGMUC shall receive their Pro Rata share
of the FGMUC Unsecured Distributable Value.

   * Class E8 consists of Interests in FGMUC.  In the discretion of
the Debtors, in consultation with the Consenting Creditors and the
Committee, Reorganized FG shall continue to own all of the
Interests in FGMUC or FGMUC shall be dissolved and all Interests in
FGMUC shall be cancelled and released without any distribution on
account of such Interests.

   * Class F3 consists of General Unsecured Claims against FE
Aircraft.  IMPAIRED.  Each Holder of an Allowed General Unsecured
Claim Against FE Aircraft shall receive, on the Initial
Distribution Date, its Pro Rata share of the FE Aircraft Cash
Distribution Pool.

   * Class F4 consists of prepetition Inter-Debtor Claims against
FE Aircraft. IMPAIRED. Each Holder of an Allowed prepetition
Inter-Debtor Claim against FE Aircraft if any, shall be treated
pari passu with Unsecured Claims against FE Aircraft and will share
in distributions from FE Aircraft.

   * Class F5 consists of Interests in FE Aircraft.  FE Aircraft
shall be dissolved and Interests in FE Aircraft shall be cancelled
and released without any distribution on account of such
Interests.

   * Class G3 consists of General Unsecured Claims against Norton.
IMPAIRED.  Each Holder of an Allowed General Unsecured Claim
Against Norton shall receive, on the Initial Distribution Date, its
Pro Rata share of the Norton Cash Distribution Pool.

   * Class G4 consists of prepetition Inter-Debtor Claims against
Norton. IMPAIRED. Each Holder of an Allowed prepetition
Inter-Debtor Claim against Norton, if any, shall be treated pari
passu with General Unsecured Claims Norton and will share in
distributions from Norton.

   * Class G5 consists of Interests in Norton.  Reorganized FG will
retain ownership of all of the Interests in Norton.

Distributions under the Plan shall be funded with, as applicable:
(i) the New Common Stock, (ii) Cash on hand at the Debtors, and
(iii) the FE Settlement Value contributed to the Debtors under the
FE Settlement Agreement and the FE Settlement Order.

A full-text copy of the Eighth Amended Joint Plan of Reorganization
dated Oct. 14, 2019, is available at https://tinyurl.com/y6zezyvd
from PacerMonitor.com at no charge.

                  About FirstEnergy Solutions

Akron, Ohio-based FirstEnergy Solutions, Corp. (FES) is a
subsidiary of FirstEnergy Corp (NYSE:FE).  FES --
http://www.firstenergycorp.com/-- provides energy-related
products
and services to retail and wholesale customers; and owns and
operates 5,381 MWs of fossil generating capacity through its
FirstEnergy Generation subsidiaries.  FES also owns 4,048 MWs of
nuclear generating capacity through its FirstEnergy Nuclear
Generation subsidiary. Nuclear generating plants are operated by
FirstEnergy Nuclear Operating Company (FENOC), which is a separate
subsidiary of FirstEnergy Corp.

On March 31, 2018, FirstEnergy Solutions and 6 affiliates,
including FENOC, each filed a voluntary petition for relief under
Chapter 11 of the United States Bankruptcy Code (Bankr. N.D. Ohio
Lead Case No. 18-50757).  The cases are pending before the
Honorable Judge Alan M. Koschik and their cases be jointly
administered under Case No. 18-50757.

Parent company, First Energy Corp. and its other subsidiaries,
including its regulated subsidiaries, are not part of the filing
and will not be subject to the Chapter 11 process.  First Energy
Corp. listed $42.2 billion in total assets against $4.07 billion
in
total current liabilities, $21.1 billion in long-term debt and
other long-term obligations and $13.1 billion in non-current
liabilities as of Dec. 31, 2017.

The Debtors tapped Akin Gump Strauss Hauer & Feld LLP as bankruptcy
counsel; Brouse McDowell LPA as co-counsel; Lazard Freres & Co. as
investment banker; Alvarez & Marsal North America, LLC, as
restructuring advisor and Charles Moore as chief restructuring
officer; and Prime Clerk as claims and noticing agent.  The Debtors
also tapped Willkie Farr & Gallagher LLP, Hogan Lovells US LLP and
Quinn Emanuel Urquhart & Sullivan, LLP as special counsel.

The U.S. Trustee for Region 9 appointed an official committee of
unsecured creditors on April 12, 2018.  Milbank, Tweed, Hadley &
McCloy LLP and Hahn Loeser & Parks LLP serve as counsel to the
committee.


FIRSTENERGY SOLUTIONS: Expects Chapter 11 Exit by End of 2019
-------------------------------------------------------------
FirstEnergy Solutions Corp. ("FES") and FirstEnergy Nuclear
Operating Company ("FENOC") on Oct. 15, 2019, disclosed that the
U.S. Bankruptcy Court Judge overseeing the Chapter 11 restructuring
will confirm the Company's Plan of Reorganization ("the Plan"),
enabling the Company to implement the Plan and conclude the
restructuring process by the end of 2019.

The Honorable Judge Alan M. Koschik of the U.S. Bankruptcy Court
for the Northern District of Ohio on Oct. 15 indicated he will
confirm the Plan that was supported by more than 93 percent of
voting creditors.  The Company will begin to implement the Plan,
subject to satisfaction of other conditions to the effectiveness of
the Plan, including all regulatory approvals.

"This is a landmark day in the history of our Company," said John
W. Judge, President and Chief Executive Officer of FES.  "We are
now in a position to successfully conclude the Chapter 11 process
and will emerge from the restructuring as a fully independent
energy company well-positioned to continue serving the needs of our
800,000 customers."  

                   About FirstEnergy Solutions

Akron, Ohio-based FirstEnergy Solutions, Corp. (FES) is a
subsidiary of FirstEnergy Corp (NYSE:FE).  FES --
http://www.firstenergycorp.com/-- provides energy-related products
and services to retail and wholesale customers; and owns and
operates 5,381 MWs of fossil generating capacity through its
FirstEnergy Generation subsidiaries.  FES also owns 4,048 MWs of
nuclear generating capacity through its FirstEnergy Nuclear
Generation subsidiary. Nuclear generating plants are operated by
FirstEnergy Nuclear Operating Company (FENOC), which is a separate
subsidiary of FirstEnergy Corp.

On March 31, 2018, FirstEnergy Solutions and 6 affiliates,
including FENOC, each filed a voluntary petition for relief under
Chapter 11 of the United States Bankruptcy Code (Bankr. N.D. Ohio
Lead Case No. 18-50757).  The cases are pending before the
Honorable Judge Alan M. Koschik and their cases be jointly
administered under Case No. 18-50757.

Parent company, First Energy Corp. and its other subsidiaries,
including its regulated subsidiaries, are not part of the filing
and will not be subject to the Chapter 11 process.  First Energy
Corp. listed $42.2 billion in total assets against $4.07 billion in
total current liabilities, $21.1 billion in long-term debt and
other long-term obligations and $13.1 billion in non-current
liabilities as of Dec. 31, 2017.

The Debtors tapped Akin Gump Strauss Hauer & Feld LLP as bankruptcy
counsel; Brouse McDowell LPA as co-counsel; Lazard Freres & Co. as
investment banker; Alvarez & Marsal North America, LLC, as
restructuring advisor and Charles Moore as chief restructuring
officer; and Prime Clerk as claims and noticing agent.  The Debtors
also tapped Willkie Farr & Gallagher LLP, Hogan Lovells US LLP and
Quinn Emanuel Urquhart & Sullivan, LLP as special counsel.

The U.S. Trustee for Region 9 appointed an official committee of
unsecured creditors on April 12, 2018.  Milbank, Tweed, Hadley &
McCloy LLP and Hahn Loeser & Parks LLP serve as counsel to the
committee.



FLORIDA MICROELECTRONICS: Still In Talks With Plan Buyer
--------------------------------------------------------
Anthony Byk, president of Florida MicroElectronics, LLC, filed an
affidavit in support of confirmation of the Debtor's Plan.
According to Mr. Byk, the Debtor received 10 ballots, all accepting
the Plan.  The Debtor though is seeking a continuance of the
confirmation hearing as talks with the buyer is still ongoing.

The Plan includes these principal features:

   * The convenience class of unsecured creditors -- unsecured
claims of $2,500 or less -- will be paid in full on the effective
date.

   * Other general unsecured claims will be paid in full over a
period of 5 years or, in the alternative, paid with a lump sump of
25% of the allowed claims.  The creditors will receive a notice
whereby they can elect the lump sump option.

Central to the Plan is a sale of stock of the Debtor to American
Industrial Acquisition Corporation ("AIAC"), through its
affiliate-in-formation ("New Company"), a third party non-insider
of the Debtor.  New Company would acquire 100% of the equity of the
reorganized Debtor upon confirmation of the Plan.

The Debtor and AIAC are still in negotiations relative to final
terms of the agreement.  The Debtor has filed an application to
Employ Phil DiComo to assist with the final negotiations.  Since
the purchase of the equity of the Debtor by AIAC is central to the
Plan, the Debtor maintains that a continuance of the confirmation
hearing is in all parties' best interest.

                 About Florida Microelectronics

Florida Microelectronics, LLC, is a contract manufacturer that
provides manufacturing services, which include electronic and
mechanical design and fabrication for a wide range of industry
applications, from basic components to complex, turnkey systems,
including kiosk assemblies.

On Nov. 5, 2018, Florida Microelectronics filed voluntary petitions
under Chapter 11 of the United States Bankruptcy Code (Bankr. S.D.
Fla. Case No. 18-23807) on Nov. 5, 2018, listing less than $1
million in assets and liabilities. Craig I. Kelley, Esq., at Kelley
& Fulton, PL, represents the Debtor.

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


FXI HOLDINGS: S&P Lowers ICR to 'B-'; Outlook Negative
------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
chemical company FXI Holdings Inc. to 'B-' from 'B' and removed it
from CreditWatch with negative implications where it was placed on
March 8, 2019, following the announcement of its proposed
acquisition of Comfort Holding LLC. The outlook is negative.

At the same time, S&P lowered the issue-level rating on FXI's $525
million senior secured notes to 'B-' from 'B' and removed it from
CreditWatch negative.

S&P assigned a 'B-' issue-level rating and '4' recovery rating to
the $775 million in senior secured notes, which FXI plans to borrow
to fund the proposed acquisition. The '4' recovery rating indicates
S&P's expectation for an average (30%-50%; rounded estimate: 40%)
recovery in the event of payment default.

The downgrade reflects S&P's view that FXI's credit metrics have
weakened compared to the rating agency's previous forecast due to
its weak operating performance. S&P also sees credit risks such as
integration risk, increased interest cost straining free cash flow,
and lesser room for unexpected operating shocks associated with its
plan to borrow $775 million for its largely debt-funded proposed
acquisition of Comfort and related entities. FXI's stand-alone
earnings in 2019 will be weaker than in 2018, and in S&P's base
case the rating agency does not forecast material improvement. On a
stand-alone basis, even without the acquisition, S&P does not
expect the company to meet the rating agency's leverage
expectations at the previous 'B' rating, because the rating agency
now projects demand uncertainty over at least the next 12 months.
FXI's first-half operating performance was below S&P's expectations
and reflected a more challenging environment.

The negative outlook reflects the possibility of weaker credit
quality caused by challenging market conditions, and greater
integration risk than S&P considered in its base case. In its base
case, the rating agency assumes GDP growth of slightly below 2% in
2020 in the company's key U.S. market. S&P's outlook considers the
potential for recessionary conditions, including the rating
agency's current view of a 30%-35% likelihood of a recession. This
risk is amplified by the company's already high leverage and
potential integration risks.

S&P's outlook considers that the businesses have been susceptible
to unfavorable operating conditions, which weakened debt metrics.
Closing of the acquisition, expected in late 2019, is contingent on
regulatory approvals. At the current rating, S&P does not
anticipate debt to EBITDA higher than 8x or funds from operations
(FFO) to total debt below 3x.

S&P said it could lower ratings if it expected FFO to debt (pro
forma for the transaction) to weaken and remain in the
low-single-digit percentages or debt to EBITDA to approach double
digits on a pro forma basis. This could also occur if FXI's
stand-alone organic revenue growth stalled or turned negative, if
integration risks were greater than expected, or if EBITDA margins
and revenue growth declined by 250 basis points or more. S&P could
also lower ratings if it expected the company would no longer
maintain liquidity, such that the rating agency believed sources of
funds would not exceed uses by more than 1.2x, or if it thought FXI
would have compliance pressure on the company's covenant. S&P could
lower ratings if it believed sponsors One Rock Capital and Bain
Capital would take a meaningful dividend.

S&P could revise the outlook to stable over the next 12 months
assuming FXI Holdings' credit metrics improve and liquidity remains
adequate. A key factor S&P would consider is demonstrated business
improvement and financial performance that meets our expectations,
with debt to EBITDA below 6.5x; FFO to debt in the
high-single-digit percentages; and anticipated sources of funds at
least 1.2x uses. S&P would need to view these metrics as
sustainable under potentially challenging macroeconomic conditions.
Supportive actions by management and owners regarding FXI's
financial policy will also be an important consideration. This
includes the absence of meaningful shareholder rewards and further
acquisitions once this acquisition closes.


GATE 3 LIQUIDATION: AB&J Asks Court to Junk Trustee Bid Objections
------------------------------------------------------------------
Allen Barnes & Jones, PLC, asks the Court to overrule the
objections against its request for appointment of a Chapter 11
Trustee, or, in the Alternative, Converting Case to Chapter 7 for
Gate 3 Liquidation, Inc.

AB&J asserts that regardless of whether the case remains in Chapter
11 or converts to chapter 7, the Trustee Motion and the Joinders to
the Trustee Motion provide further compelling evidence that Mrs.
Bondurant and Hawkins are not acting for the benefit of the Estate
in which the need for an independent fiduciary in place to
administer the Estate as required by the Bankruptcy Code.

Therefore, the AB&J requests the Court to overrule the Objection
and the Bondurants' Joinder, and direct the United States Trustee
to Appoint a Chapter 11 Trustee.  In the alternative, AB&J asks the
Court to convert the Case to Chapter 7.

Counsel for AB&J:

Hilary L. Barnes, Esq.
Philip J. Giles, Esq.
ALLEN BARNES & JONES, PLC
1850 N. Central Avenue, Suite 1150
Phoenix, Arizona 85004
Office: (602) 256-6000
Fax: (602) 2524712
Email: hbarnes@llenbarneslaw.com
       pgiles@allenbarneslaw.com

               About Gate 3 Liquidation, Inc.

Gate 3 Liquidation, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 18-12041) on Oct 2, 2018.
At the time of the filing, the Debtor disclosed assets of between
$1,000,001 and $10 million and liabilities of the same range.  The
case has been assigned to Judge Brenda K. Martin.  The Debtor is
represented by D. Lamar Hawkins, PLLC.


GENESEE & WYOMING: Moody's Assigns Ba2 CFR, Outlook Stable
----------------------------------------------------------
Moody's Investors Service assigned a Ba2 corporate family rating, a
Ba2-PD probability of default rating and a Ba2 senior secured
rating to short line rail operator Genesee & Wyoming Inc. Genesee &
Wyoming plans to arrange a $600 million revolving credit facility
and a $2,550 million first lien term loan in connection with the
acquisition of the company by Brookfield Infrastructure and GIC.
The rating outlook is stable.

Moody's will withdraw all ratings of Genesee & Wyoming Inc. and its
subsidiary GWI UK Acquisition Company Limited upon closing of the
transaction.

RATINGS RATIONALE

The ratings of Genesee & Wyoming consider the company's position as
the largest short line rail operator in North America and its
ability to generate robust cash flows, balanced against high
financial leverage. The company's 113 short line railroads connect
with the networks of the larger Class 1 railroads, thus acting as
an essential extension of the national rail infrastructure for
local origination and destination traffic. Genesee & Wyoming's
freight mix is diversified. With 8% of revenues in North America
derived from coal shipments, the environmental risk of declining
coal shipments due to a transition towards energy sources that emit
less or no carbon dioxide is manageable.

Operating margins approach 20% but are weighed down by considerably
lower margins at the company's operations in the UK, due to the
UK's open access rail network but also lingering underperformance
of the UK operations. Moody's expects margins to exceed 20% in 2020
as the company continues to implement its Roots Reset program in
the US and initiates a variety of operational measures in the UK,
including technology investments, terminal investments and a shared
services center.

Financial leverage is high. Moody's estimates debt/EBITDA to be 5
times in 2019 pro forma for the new debt issued to help fund the
acquisition of the company by Brookfield Infrastructure and GIC.
Debt/EBITDA will be less than 4 times in 2021, predicated on
Moody's expectation that under the company's new ownership a
meaningful amount of cash that is generated by Genesee & Wyoming
will be used to repay debt.

Liquidity is very good. Moody's expects free cash flow to be
robust, approaching $250 million in 2020. The $400 million that is
available under the $600 million revolving credit facility is also
considerable, given that Moody's does not anticipate any sizeable
acquisitions in the next two years.

The $600 million revolving credit facility due 2024 and the $2,550
million first lien term loan due 2026 are rated Ba2, the same level
as the corporate family rating. This reflects the very high
proportion of senior secured debt in the company's capital
structure.

The stable ratings outlook is predicated on Moody's expectation of
moderate revenue growth sustained mostly by the company's
continuing ability to attain price increases, and an improvement in
operating margins to above 20% as operational efficiencies in the
US and the UK take hold. The stable outlook also anticipates that
Genesee & Wyoming demonstrates steady progress in lowering
debt/EBITDA.

The ratings could be upgraded if debt/EBITDA is sustained at around
3 times, operating margins increase towards 25%, and if the company
demonstrates a prudent execution of acquisitions and shareholder
distribution policy.

The ratings could be downgraded if Moody's expects that operating
margins fall materially below 20% due to weakening freight volumes,
a deterioration in pricing, cost structure or otherwise. The
ratings could also be downgraded if Genesee & Wyoming does not
demonstrate steady progress in lowering debt/EBITDA to less than 4
times or if EBIT/Interest expense is not maintained above 3.25
times. Shareholder distributions or considerable acquisitions at a
time when leverage exceeds 4 times could also pressure the
ratings.

The following ratings were assigned:

Assignments:

Issuer: Genesee & Wyoming Inc. (NEW)

Corporate Family Rating, Assigned Ba2

Probability of Default Rating, Assigned Ba2-PD

Senior Secured 1st Lien Term Loan, Assigned Ba2 (LGD3)

Senior Secured Revolving Credit Facility, Assigned Ba2 (LGD3)

Outlook Actions:

Issuer: Genesee & Wyoming Inc. (NEW)

Outlook, Assigned Stable

The principal methodology used in these ratings was Surface
Transportation and Logistics published in May 2019.

Genesee & Wyoming Inc. is the largest operator of short line
freight railroads in North America. The company owns 113 short line
railroads with more than 13,000 track miles, serving 42 US states
and four Canadian provinces. In addition, Genesee & Wyoming
operates the second-largest freight rail company in the UK and has
also rail freight operations in continental Europe. Upon closing of
the transaction, Genesee & Wyoming will be owned by Brookfield
Infrastructure and GIC.


GUTTER CAP OF FLORIDA: Case Dismissed, Cash Collateral Use Moot
---------------------------------------------------------------
Judge Jerry A. Funk of the U.S. Bankruptcy Court for the Middle
District of Florida denied Gutter Cap of Florida, Inc. further use
of cash collateral as moot because the Court granted the U.S.
Trustee's Motion to Dismiss the Case.

                  About Gutter Cap of Florida

Gutter Cap of Florida, Inc. -- http://www.guttercapflorida.com/--
is a provider of gutters and gutter protection products serving
Florida and Southern Georgia areas. Gutter Cap's patented design
uses liquid physics, combining water surface tension, cohesion and
adhesion, allowing rainwater to adhere to the dome of the cap while
leaves, sticks, and other debris, simply fall from the roof to the
ground. Gutter Cap of Florida is headquartered in Duval County and
provides gutter cap installation in Jacksonville, Tampa, St.
Petersburg, Amelia Island, Daytona, Fernandina Beach, Gainesville,
Lake City, Ocala, Orange Park, Orlando, Ormond Beach, Palatka, Palm
Coast, St. Augustine, Tallahassee, Florida and BainBridge, St.
Simons, Thomasville, Cocoa, Valdosta, Georgia.

Gutter Cap of Florida, based in Jacksonville, FL, filed a Chapter
11 petition (Bankr. M.D. Fla. Case No. 18-03913) on Nov. 7, 2018.
In the petition signed by William Barton Crews, president, the
Debtor disclosed $101,426 in assets and $1,023,816 in liabilities.
The Law Offices of Jason A. Burgess, LLC, led by principal Jason A.
Burgess, Esq., serves as bankruptcy counsel to the Debtor.

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


H2D MOTORCYCLE: Nov. 7 Auction of All JHD Assets Set
----------------------------------------------------
Judge Beth E. Hanan of the U.S. Bankruptcy Court for the Eastern
District of Wisconsin authorized the bidding procedures of H2D
Motorcycle Ventures, LLC and JHD Holdings, Inc. in connection with
the sale of substantially all assets of JHD, to Steve Kearns for
$1.375 million, plus assumption of the Assumed Liabilities not to
exceed $60,000 for the JHD Assets pursuant to the terms of their
Asset Purchase Agreement dated as of Sept. 23, 2019, subject to
overbid.

A hearing on the Motion was held on Oct. 16 2019.

The Bidding Procedures, the Offer and Bidding Registration form,
and the form of the Purchase Agreement are approved.  

The Debtor will serve a notice of sale as detailed in the Order and
of the Sale Hearing.

The notice of the contemplated sale and auction will be advertised
in the (i) Automotive News, (ii) Powersports Business and (iii)
Dealernews.

The Debtor will send e-mail blasts to targeted groups from
Performance Brokerage Services database.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Nov. 1, 2019 at 4:00 p.m.(CST).  A report of
Qualified Bids, if any, will be filed electronically with the Court
by the Debtor's counsel no later than Nov. 4, 2019 at 4:00 p.m.
(CT).

     b. Initial Bid: $1.425 million, plus assumption of the Assumed
Liabilities not to exceed $60,000

     c. Deposit: 10% of the Competing Bid

     d. Auction: If any Qualified Bids are received in accordance
with the Bidding Procedures, the Debtor will conduct an Auction
commencing on Nov. 7, 2019 at 11:00 a.m. (CT), at the offices of
Foley & Lardner, LLP, 777 E. Wisconsin Avenue, Milwaukee, WI 53202
or such other location as will be timely communicated to all
entities entitled to attend the Auction.  If no Qualified Bid,
other than the Qualified Bid of the Purchaser, is timely received,
the Debtor may exercise its right to cancel the Auction, and is
authorized to proceed to seek approval of the Purchaser’s
Qualified Bid at the Sale Hearing.

     e. Bid Increments: $25,000

     f. Sale Hearing: Nov. 14, 2019 at 10:30 a.m. (CT)

     g. Closing: Dec. 15, 2019 at 4:00 p.m. (CT)

     h. Break-Up Fee: $25,000

     i. Sale Objection Deadline: Nov. 12, 2019 at 4:00 p.m. (CT)

All parties to any unexpired executory contract and/or lease with
the Debtor listed in the Assumption Notice will file executory
contract/lease cure amounts no later than Oct. 25, 2019 at 4:00
p.m. (CT) and failure of such parties to file such cure amounts
will result in that party being forever barred from asserting a
cure amount claim different from that set amount forth in the
Purchase Agreement.

HDCC and HDMC reserve all rights as to entry of the Sale Order.

The Debtor will serve the Order, along with the Bidding Procedures,
upon all interested parties.

Pursuant to Bankruptcy Rules 7062, 9014, 6004(h) and 6006(d), the
Order will be effective immediately upon entry.

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

     http://bankrupt.com/misc/H2D_Motorcycle_130_Order.pdf   

                About H2D Motorcycle Ventures

Based in New Berlin, WI, H2D Motorcycle Ventures, LLC, and its
affiliates sought Chapter 11 protection (Bankr. E.D. Wis. Lead Case
No. 19-26914) on July 17, 2019.  In the petition signed by Eric
Pomeroy, CEO, the debtor H2D Motorcycle disclosed $5,698,014 in
assets and $5,803,573 in liabilities.  The Hon. Beth E. Hanan
oversees the case.  Robert L. Rattet, Esq. at Rattet PLLC, serves
as bankruptcy counsel to the Debtor.



H2D MOTORCYCLE: Nov. 7 Auction of Substantially All Assets Set
--------------------------------------------------------------
Judge Beth E. Hanan of the U.S. Bankruptcy Court for the Eastern
District of Wisconsin authorized the bidding procedures of H2D
Motorcycle Ventures, LLC and JHD Holdings, Inc. in connection with
the sale of substantially all assets of H2D, to Hannum's Sales of
New Berlin, Inc. for $2.15 million, plus assumption of the Assumed
liabilities not to exceed $130,000 for the H2D Assets, pursuant to
the terms of their Asset Purchase Agreement dated as of Sept. 13,
2019, subject to overbid.

A hearing on the Motion was held on Oct. 16 2019.

The Bidding Procedures, the Offer and Bidding Registration form,
and the form of the Purchase Agreement are approved.  

The Debtor will serve a notice of sale as detailed in the Order and
of the Sale Hearing.

The notice of the contemplated sale and auction will be advertised
in the (i) Automotive News, (ii) Powersports Business and (iii)
Dealernews.

The Debtor will send e-mail blasts to targeted groups from
Performance Brokerage Services database.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Nov. 1, 2019 at 4:00 p.m.(CST).  A report of
Qualified Bids, if any, will be filed electronically with the Court
by the Debtor's counsel no later than Nov. 4, 2019 at 4:00 p.m.
(CT).

     b. Initial Bid: $2.225 million plus assumption of the Assumed
Liabilities, not to exceed $130,000

     c. Deposit: 10% of the Competing Bid

     d. Auction: If any Qualified Bids are received in accordance
with the Bidding Procedures, the Debtor will conduct an Auction
commencing on Nov. 7, 2019 at 11:00 a.m. (CT), at the offices of
Foley & Lardner, LLP, 777 E. Wisconsin Avenue, Milwaukee, WI 53202
or such other location as will be timely communicated to all
entities entitled to attend the Auction.  If no Qualified Bid,
other than the Qualified Bid of the Purchaser, is timely received,
the Debtor may exercise its right to cancel the Auction, and is
authorized to proceed to seek approval of the Purchaser’s
Qualified Bid at the Sale Hearing.

     e. Bid Increments: $25,000

     f. Sale Hearing: Nov. 14, 2019 at 10:30 a.m. (CT)

     g. Closing: Dec. 15, 2019 at 4:00 p.m. (CT)

     h. Break-Up Fee: $50,000

     i. Sale Objection Deadline: Nov. 12, 2019 at 4:00 p.m. (CT)

All parties to any unexpired executory contract and/or lease with
the Debtor listed in the Assumption Notice will file executory
contract/lease cure amounts no later than Oct. 25, 2019 at 4:00
p.m. (CT) and failure of such parties to file such cure amounts
will result in that party being forever barred from asserting a
cure amount claim different from that set amount forth in the
Purchase Agreement.

HDCC and HDMC reserve all rights as to entry of the Sale Order.

The Debtor will serve the Order, along with the Bidding Procedures,
upon all interested parties.

Pursuant to Bankruptcy Rules 7062, 9014, 6004(h) and 6006(d), the
Order will be effective immediately upon entry.

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

     http://bankrupt.com/misc/H2D_Motorcycle_129_Order.pdf  

                  About H2D Motorcycle Ventures

Based in New Berlin, WI, H2D Motorcycle Ventures, LLC, and its
affiliates sought Chapter 11 protection (Bankr. E.D. Wis. Lead Case
No. 19-26914) on July 17, 2019.  In the petition signed by Eric
Pomeroy, CEO, the debtor H2D Motorcycle disclosed $5,698,014 in
assets and $5,803,573 in liabilities.  The Hon. Beth E. Hanan
oversees the case.  Robert L. Rattet, Esq. at Rattet PLLC, serves
as bankruptcy counsel to the Debtor.



HERZ HERZ: Nov. 19 Auction of All Assets Set
--------------------------------------------
Judge Jean K. FitzSimon of the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania authorized the bidding procedures
of Herz, Herz & Reichle, Inc. ("HHR"), Timberline Four Seasons
Resort Management Co. ("TFSR"), Inc. and Long Run Realty, Inc.,
doing business as Timberline Four Seasons Realty, in connection
with the sale of all real estate holdings and assets held by TFSR,
HHR, and Frederick A. Reichle; as well as the operating company of
Long Run, to Timberline Land Holding Co., LLC for $2.5 million,
subject to overbid.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Nov. 15, 2019 at 5:00 p.m.

     b. Initial Bid: $2.6 million

     c. Deposit: 5% of the proposed Purchase Price

     d. Auction: An auction will be held at the offices of Ciardi
Ciardi & Astin located at One Commerce Square, 2005 Market Street,
Suite 3500, Philadelphia, Pennsylvania 19103, on Nov. 19, 2019 at
2:00 p.m. (ET).

     e. Bid Increments: $100,000

     f. Sale Hearing: Nov. 20, 2019 at 9:30 a.m. (ET)

     g. Closing: The closing may occur as early as the 15th day
after the entry of an Order approving the Sale and must occur no
later than Dece. 31, 2019.

     h.No Prospective Bidder for the Property will be entitled to
any expense reimbursement or any breakup or termination payments.

Within five business days after entry of the Order, the Debtors
will serve a copy of the Order on all interested parties.  Within
five business days after entry of the Order, the Debtors will serve
a copy of the Notice and the Order on all known creditors of the
Debtor.

               About Herz, Herz & Reichle Inc.

Herz, Herz & Reichle, Inc. and its subsidiaries are privately held
companies in Davis, W.Va. that operate in the real estate
development industry.

Herz, Herz & Reichle Inc., Long Run Realty, Inc. and Timberline
Four Seasons Resort sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Pa. Case Nos. 19-12771, 19-12773 and
19-12775) on April 30, 2019.

At the time of the filing, Herz disclosed assets of between $1
million and $10 million and liabilities of the same range.  Long
Run Realty and Timberline Four each had estimated assets of between
$1 million and $10 million and liabilities of between $1 million
and $10 million.

The cases have been assigned to Judge Jean K. FitzSimon.  The
Debtors are represented by Ciardi Ciardi & Astin, P.C.


HIGHLAND CAPITAL: NextPoint Owns Immaterial 3.95% of Shares
-----------------------------------------------------------
NexPoint Residential Trust, Inc. ("NXRT") on Oct. 16, 2019,
released information regarding the voluntary Chapter 11 bankruptcy
filing from Highland Capital Management, L.P. ("HCMLP").

HCMLP directly holds an immaterial amount of NXRT, totaling
approximately 3.95% of market cap or less than one million shares.
The other NXRT shares that are reported as owned by officers,
directors and other affiliates are not subject to the HCMLP
bankruptcy filing.

The Company does not expect any shares held by HCMLP to be sold for
months to come, if at all, as a result of HCMLP's filing.

                           About NXRT

NexPoint Residential Trust (NYSE:NXRT)  is a publicly traded REIT,
with its shares listed on the New York Stock Exchange under the
symbol "NXRT," primarily focused on acquiring, owning and operating
well-located middle-income multifamily properties with "value-add"
potential in large cities and suburban submarkets of large cities,
primarily in the Southeastern and Southwestern United States.  NXRT
is externally advised by NexPoint Real Estate Advisors, L.P.

                    About Highland Capital

Highland Capital Management LP was founded by James Dondero and
Mark Okada in Dallas in 1993. Highland Capital is the world's
largest non-bank buyer of leveraged loans in 2007.  It also manages
collateralized loan obligations.  In March 2007, it raised $1
billion to buy distressed loans.  Collateralized loan obligations
are created by bundling together loans and repackaging them into
new securities.

Highland Capital Management, L.P., sought Chapter 11 protection
(Bank. D. Del. Case No. 1:19-bk-12239) on Oct. 16, 2019.  The Hon.
Christopher S. Sontchi is the case judge.  Highland was estimated
to have $100 million to $500 million in assets and liabilities.

The Debtor's counsel:

         James E O'Neill
         Pachulski Stang Ziehl & Jones LLP
         Tel: 302-652-4100
         E-mail: joneill@pszjlaw.com


HOLLISTER CONSTRUCTION: Hires Lowenstein Sandler as Counsel
-----------------------------------------------------------
Hollister Construction Services, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of New Jersey to employ
Lowenstein Sandler LLP, as counsel to the Debtor.

Hollister Construction requires Lowenstein Sandler to:

   (a) advise the Debtor with respect to its rights, powers and
       duties as debtor-in-possession in the continued operation
       of its business during this Chapter 11 Case;

   (b) advise and consult on the conduct of this Chapter 11 Case,
       including all of the legal and administrative requirements
       of operating in chapter 11;

   (c) attend meetings and negotiate with representatives of
       creditors and other parties in interest, including
       governmental authorities;

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

   (e) prepare pleadings in connection with this Chapter 11 Case,
       including motions, applications, answers, orders, reports,
       and papers necessary or otherwise beneficial to the
       administration of the Debtor's estate, including,
       without limitation, the preparation and defense of
       retention and fee applications for the Debtor's
       professionals;

   (f) represent the Debtor in obtaining authority to continue
       using cash collateral or in connection with post-petition
       financing;

   (g) advise the Debtor in connection with its sales of assets;

   (h) advise the Debtor concerning potential assumptions,
       assignments and rejections of executory contracts and
       unexpired leases;

   (i) appear before the Court and any appellate courts to
       represent the interests of the Debtor and its estates;

   (j) advise and represent the Debtor regarding tax matters,
       litigation and general corporate matters, including
       Department of Justice matters and certain regulatory
       matters;

   (k) take any necessary action on behalf of the Debtor to
       pursue and obtain approval of a disclosure statement and
       confirmation of a chapter 11 plan; and

   (l) perform all other necessary legal services for the Debtor
       in connection with the prosecution of this Chapter 11 Case
       and all other matters involving the Debtor, including
       advising the Debtor on tax, corporate, Department of
       Justice, regulatory and litigation matters.

Lowenstein Sandler will be paid at these hourly rates:

         Partners              $600 to $1,350
         Counsels              $470 to $790
         Associates            $370 to $540
         Paralegals            $200 to $350

The Debtor paid Lowenstein Sandler a retainer in the amount of
$500,000 for the Chapter 11 Case by wire transfer on September 10,
2019.

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

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

Lowenstein Sandler can be reached at:

     Kenneth A. Rosen, Esq.
     Arielle A. Adler, Esq.
     Bruce Buechler, Esq.
     Joseph J. DiPasquale, Esq.
     Jennifer B. Kimble, Esq.
     Mary E. Seymour, Esq.
     LOWENSTEIN SANDLER LLP
     One Lowenstein Drive
     Roseland, NJ 07068
     Tel: (973) 597-2500
     Fax: (973) 597-2400
     E-mail: krosen@lowenstein.com
             aadler@lowenstein.com
             bbuechler@lowenstein.com
             jdipasquale@lowenstein.com
             jkimble@lowenstein.com
             mseymour@lowenstein.com

               About Hollister Construction Services

Hollister Construction Services, LLC -- http://www.hollistercs.com/
-- is a full service commercial construction company with a team of
150+ construction professionals.  The Company's specialties include
interior and exterior renovations, building additions, and ground
up construction.  Hollister's areas of expertise include the
construction of corporate, education, healthcare, industrial,
retail, and residential projects.

Hollister Construction sought Chapter 11 protection (Bankr. D.N.J.
Lead Case No. 19-27439) on Sept. 9, 2019, in Trenton, New Jersey.
In the petition signed by Brendan Murray, president, the Debtor was
estimated to have $100 million to $500 million in assets and
liabilities of the same range.  

Hon. Michael B. Kaplan oversees the case.  

The Debtor tapped Lowenstein Sandler as counsel; 10X CEO Coaching,
LLC, as restructuring counsel; and The Parkland Group, Inc., as
business consultant.


HVI CAT CANYON: Court OKs Appointment of M. McConnell as Trustee
----------------------------------------------------------------
The Court approved the U.S. Trustee's Application of the
appointment of Michael A. McConnell as Chapter 11 Trustee for HVI
Cat Canyon, Inc.
          
          About HVI Cat Canyon Inc.

HVI Cat Canyon, Inc., is a privately held oil and gas extraction
company based in New York.

HVI Cat Canyon sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 19-12417) on July 25, 2019.  In the
petition signed by Alex G. Dimitrijevic, president and COO, the
Debtor was estimated to have assets of between $100 million and
$500 million and liabilities of the same range.




INFRASTRUCTURE SOLUTION: Hires Cunningham Chernicoff as Counsel
---------------------------------------------------------------
Infrastructure Solution Services, Inc., seeks authority from the
U.S. Bankruptcy Court for the Middle District of Pennsylvania to
employ Cunningham Chernicoff & Warshawsky, P.C., as counsel to the
Debtor.

Infrastructure Solution requires Cunningham Chernicoff to:

   a. give the Debtor legal advice regarding its powers and
      duties as Debtor-in-Possession in the continued operation
      of its business and management of its property;

   b. prepare and file on behalf of the Debtor, as Debtor-in-
      Possession, the original Petition and Schedules, and all
      necessary applications, complaints, answers, orders,
      reports and other legal papers; and

   c. perform all other legal services for the Debtor, as Debtor-
      in-Possession, which may be necessary.

Cunningham Chernicoff will be paid at these hourly rates:

     Robert E. Chernicoff              $400
     Partners                      $200 to $350
     Associates                    $150 to $200
     Paralegals                        $100

In the year prior to the filing of this Petition, the Debtor paid
the sum of $7,140, all which was paid in the 90 day period
immediately prior to the filing of the Petition.

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

Robert E. Chernicoff, partner of Cunningham Chernicoff &
Warshawsky, P.C., assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Cunningham Chernicoff can be reached at:

     Robert E. Chernicoff, Esq.
     CUNNINGHAM CHERNICOFF & WARSHAWSKY, P.C.
     2320 North Second Street
     Harrisburg, PA 17106-0457
     Tel: (717) 238-6570

              About Infrastructure Solution Services

Infrastructure Solution Services Inc. is a provider of green
stormwater infrastructure solutions in the Philadelphia market.

Infrastructure Solution Services, based in Jonestown, PA, filed a
Chapter 11 petition (Bankr. E.D. Pa. Case No. 19-03915) on Sept.
13, 2019.  In the petition signed by Corey Wolff, director, the
Debtor was estimated to have $1 million to $10 million in both
assets and liabilities.  The Hon. Henry W. Van Eck oversees the
case. Robert E. Chernicoff, Esq., at Cunningham Chernicoff &
Warshawsky, P.C., serves as bankruptcy counsel to the Debtor.




IPS WORLDWIDE: Examiner Files Motion Seeking Discharge From Duties
------------------------------------------------------------------
Maria M. Yip, as Examiner in the Chapter 11 case of IPS Worldwide,
LLC, filed a motion asking the Court to discharge the Examiner,
relieve the Examiner and her Professional Work Scope, authorize the
disposition of documents and information in the possession of the
Examiner and her Professional, and exculpate the Examiner and her
Professional Work Scope and Reports.

On February 19, 2019 the Court approved the appointment of Ms. Yip
as Examiner in order to undertake an examination, investigation
and, analysis of the following:

   a. identity and status of all bank accounts of the Debtor

   b. assets and property of the debtor

   c. insider transactions and dealings

   d. discrepancies exist in amounts collected, reported or paid

   e. status of business relationships and/or contracts related
accounts

   f. transfer of the Debtor's assets

   g. assist and ensure that the requesting creditor will receive
correct copies of the payments ledgers, disbursement records

The Examiner says she has fulfilled the Examiner's Work Scope as
evidenced in her subsequent reports from First Interim Report,
Second Interim Report and Third Interim Report.

On April 19, 2019 following communication with the various estate
constituencies, the Examiner filed a proposal for a set of
procedures to resolve issues concerning the disposition of funds in
the Debtor's accounts.  The Examiner's proposal was approved by the
Court on May 6, 2019 and facilitate the resolutions between various
claimants to the funds in the Debtor's account.

Therefore, the Examiner requests an entry of the Proposed Order
with relieving from further obligations concerning the Work Scope
and the Examiner Report.

The Examiner represented by:

   Elizabeth A. Green, Esq.
   Tiffany Payne Geyer, Esq.
   BAKER & HOSTETLER LLP
   200 S. Orange Avenue
   SunTrust Center, Suite 2300
   Orlando, Florida 32801
   Telephone (407) 649-400
   Facsimile: (407) 841-0168
   Email: egreen@bakerlaw.com
          tpaynegeyer@bakerlaw.com

         About IPS Worldwide

IPS Worldwide, LLC, filed a Chapter 11 petition (Bankr. M.D. Fla.
Case No. 19-00511) on Jan. 25, 2019.  In the petition signed by
William Davies, president, the Debtor estimated assets of less than
$50,000 and liabilities of $100 million to $500 million.  The case
is assigned to Judge Karen S. Jennemann.  The Debtor tapped the Law
Offices of Scott W. Spradley, P.A., as its bankruptcy counsel, and
Moglia Advisors, as investment banking advisor.

Judge Karen S. Jennemann approved the appointment of Alex D. Moglia
as the Chapter 11 trustee for IPS Worldwide.  The trustee retained
Klayer and Associates, Inc., as counsel and Moglia Advisors, as
investment banking advisor.

The U.S. Trustee for Region 21 on Feb. 15, 2019, appointed three
creditors to serve on an official committee of unsecured creditors
in the Chapter 11 case of IPS Worldwide.


J & K LOGGING: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
The Office of the U.S. Trustee on Oct. 22 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of J & K Logging, Inc.

                       About J & K Logging

J & K Logging, Inc., a trucking company that provides freight
transportation services, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 19-35189) on Sept. 13,
2019.  At the time of the filing, the Debtor disclosed $1,323,905
in assets and $1,314,807 in liabilities.  The case has been
assigned to Judge Jeffrey P. Norman.  Russell Van Beustring, Esq.,
at The Lane Law Firm, is the Debtor's bankruptcy counsel.


JACK COOPER: Committee Hires FTI Consulting as Financial Advisor
----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Jack Cooper
Ventures, Inc., and its debtor-affiliates, seeks authorization from
the U.S. Bankruptcy Court for the Northern District of Georgia to
retain FTI Consulting, Inc., as financial advisor to the
Committee.

The Committee requires FTI Consulting to:

   (a) assist in the review of financial related disclosures
       required by the Court, including the Schedules of Assets
       and Liabilities, the Statement of Financial Affairs
       and Monthly Operating Reports;

   (b) assist with the assessment and monitoring of the Debtors'
       short-term cash flow, liquidity, and operating results;

   (c) assist with the review of the Debtors' proposed motions or
       requests for relief, including the Debtors' proposed
       operational integrity supplier, cash management, customer
       program, key employee incentive/retention and other
       employee benefit programs motions;

   (d) assist with the review of the Debtors' long-term financial
       projections, including cash generating capacity and
       identification of potential cost savings, including
       overhead and operating expense reductions and efficiency
       improvements;

   (e) assist with the review of the Debtors' cost/benefit
       analysis with respect to the affirmation or rejection of
       various executory contracts and leases;

   (f) assist with the review of the Debtors' corporate structure
       including analysis of intercompany activities and claims;

   (g) assist with the review of any tax issues associated with,
       but not limited to, claims/stock trading, preservation of
       net operating losses, refunds due to the Debtors, plans of
       reorganization, and asset sales;

   (h) assist in the review of the claims reconciliation and
       estimation process, including potential exposure from
       wildfire damage claims;

   (i) assist in the development of communications strategies
       with various stakeholders including regulatory agencies
       and state government officials and commissions;

   (j) attend at meetings and assistance in discussions with the
       Debtors, potential investors, banks, other secured
       lenders, the Committee, and other official or unofficial
       committees organized in these Chapter 11 Cases, the U.S.
       Trustee, other parties in interest and professionals hired
       by the same, as requested;

   (k) assist in the review and/or preparation of information and

       analysis necessary for the confirmation of a plan and
       related disclosure statement in these chapter 11
       proceedings;

   (l) assist in the evaluation and analysis of avoidance
       actions, including fraudulent conveyances and preferential
       transfers;

   (m) assist in the prosecution of Committee
       responses/objections to the Debtors' motions, including
       attendance at deposition and provision of expert
       reports/testimony on case issues as required by the
       Committee; and

   (n) render such other general business consulting or such
       other assistance as the Committee or its counsel may deem
       necessary that are consistent with the role of a
       financial advisor and not duplicative of services provided
       by other professionals in this proceeding.

FTI Consulting will be paid at these hourly rates:

     Senior Managing Directors            $895 - $1,195
     Directors/Senior Directors/          
        Managing Directors                $670 - $880    
     Consultants/Senior Consultants       $355 - $640
     Administrative/Paraprofessionals     $145 - $275

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

Conor P. Tully, a senior managing director at FTI Consulting,
Iassured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and (a)
is not creditors, equity security holders or insiders of the
Debtors; (b) has not been, within two years before the date of the
filing of the Debtors' chapter 11 petition, directors, officers or
employees of the Debtors; and (c) does not have an interest
materially adverse to the interest of the estate or of any class of
creditors or equity security holders, by reason of any direct or
indirect relationship to, connection with, or interest in, the
Debtors, or for any other reason.

FTI Consulting can be reached at:

     Conor P. Tully
     FTI CONSULTING, INC.
     Three Times Square, 9th Floor
     New York, NY 10036
     Tel: (212) 247-1010
     Fax: (212) 841-9350

                   About Jack Cooper Ventures

Jack Cooper Ventures, Inc., is a specialty transportation and other
logistics provider and one of the largest over-the-road finished
vehicle logistics companies in North America. The company provides
premium asset-heavy and asset-light based solutions to the global
new and previously-owned vehicle markets, specializing in finished
vehicle transportation and other logistics services for major
automotive original equipment manufacturers and for fleet ownership
companies, remarketers, dealers and auctions. The company is a
certified Woman-Owned Business Enterprise by the Woman's Business
Enterprise Council.

Jack Cooper Ventures and 18 affiliates and subsidiaries sought
Chapter 11 protection (Bankr. N.D. Ga. Lead Case No. 19-62393) on
Aug. 6, 2019.  Jack Cooper was estimated to have $100 million to
$500 million in assets and $500 million to $1 billion in debt as of
the bankruptcy filing.

The Hon. Paul W. Bonapfel is the case judge.

Paul, Weiss, Rifkind, Wharton & Garrison LLP and King & Spalding
LLP are serving as legal counsel to Jack Cooper, Houlihan Lokey,
Inc., is serving as investment banker and financial advisor, and
AlixPartners LLP is serving as restructuring advisor.  The Debtors
also tapped Ogletree, Deakins, Nash, Smoak & Stewart, P.C., as
labor counsel, and Osler, Hoskin & Harcourt LLP, as Canadian
restructuring counsel.  Prime Clerk LLC is the claims agent.

On August 19, 2019, the U.S. Trustee for Region 21 appointed the
Official Committee of Unsecured Creditors.  The Committee retained
Scroggins & Williamson, P.C., as counsel, Sidley Austin LLP, as
co-counsel, and FTI Consulting, Inc., as financial advisor.


JACK COOPER: Committee Hires Scroggins & Williamson as Counsel
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of Jack Cooper
Ventures, Inc., and its debtor-affiliates, seeks authorization from
the U.S. Bankruptcy Court for the Northern District of Georgia to
retain Scroggins & Williamson, P.C., as counsel to the Committee.

The Committee requires Scroggins & Williamson to:

   a. assist the Committee in the administration of the
      bankruptcy case, and the exercise of oversight with respect
      to the Debtors' affairs including all issues in connection
      with the Debtors, the Committee, or the Chapter 11 cases;

   b. prepare on behalf of the Committee necessary pleadings,
      including statements, motions, applications, memoranda,
      adversary complaints, objections or comments in connection
      with the Chapter 11 cases;

   c. review and analysis of motions, applications, orders,
      statements, operating reports and schedules filed with the
      Court;

   d. appear in Court, participate in litigation as party-in-
      interest, and participate at statutory meetings of
      creditors to represent the interests of the Committee;

   e. investigate and analyze any claims against the Debtors'
      non-debtor affiliates;

   f. negotiate, formulate, draft and confirm any plan or plans
      of reorganization or liquidation and matters related
      thereto;

   g. negotiate and evaluate of the use of cash collateral, any
      proposed debtor-in-possession financing and any other
      potential financing alternatives;

   h. evaluate any proposed restructuring support agreement and
      any other potential alternatives;

   i. analyze any proposed employee compensation, incentive and
      retention payment programs, and evaluate of the propriety
      of those programs;

   j. investigate unencumbered assets, liabilities, financial
      condition of the Debtors, prior transactions, and
      operational issues concerning the Debtors that may be
      relevant to the Chapter 11 case;

   k. evaluate, negotiate and formulate of any proposed sale of
      any of the Debtors' assets;

   l. communicate with the Committee's constituents in
      furtherance of its responsibilities including
      communications required under the Bankruptcy Code; and

   m. perform all of the Committee's duties and powers under the
      Bankruptcy Code and the Bankruptcy Rules and the
      performance of such other services as are in the interests
      of those represented by the Committee.

Scroggins & Williamson will be paid at these hourly rates:

     Attorneys             $440 to $495
     Paralegals            $125 to $150

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

Ashley R. Ray, partner of Jack Cooper Ventures, Inc., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and (a) is not
creditors, equity security holders or insiders of the Debtors; (b)
has not been, within two years before the date of the filing of the
Debtors' chapter 11 petition, directors, officers or employees of
the Debtors; and (c) does not have an interest materially adverse
to the interest of the estate or of any class of creditors or
equity security holders, by reason of any direct or indirect
relationship to, connection with, or interest in, the Debtors, or
for any other reason.

Scroggins & Williamson can be reached at:

     Ashley R. Ray, Esq.
     Robert Williamson, Esq.
     Robert Bazzani, Esq.
     SCROGGINS & WILLIAMSON, P.C.
     4401 Northside Parkway, Suite 450
     Atlanta, GA 30327
     Tel: (404) 893-3880
     Fax: (404) 893-3886
     E-mail: aray@swlawfirm.com
             rwilliamson@swlawfirm.com
             rbazzani@swlawfirm.com

                   About Jack Cooper Ventures

Jack Cooper Ventures, Inc., is a specialty transportation and other
logistics provider and one of the largest over-the-road finished
vehicle logistics companies in North America. The company provides
premium asset-heavy and asset-light based solutions to the global
new and previously-owned vehicle markets, specializing in finished
vehicle transportation and other logistics services for major
automotive original equipment manufacturers and for fleet ownership
companies, remarketers, dealers and auctions. The company is a
certified Woman-Owned Business Enterprise by the Woman's Business
Enterprise Council.

Jack Cooper Ventures and 18 affiliates and subsidiaries sought
Chapter 11 protection (Bankr. N.D. Ga. Lead Case No. 19-62393) on
Aug. 6, 2019.  Jack Cooper was estimated to have $100 million to
$500 million in assets and $500 million to $1 billion in debt as of
the bankruptcy filing.

The Hon. Paul W. Bonapfel is the case judge.

Paul, Weiss, Rifkind, Wharton & Garrison LLP and King & Spalding
LLP are serving as legal counsel to Jack Cooper, Houlihan Lokey,
Inc., is serving as investment banker and financial advisor, and
AlixPartners LLP is serving as restructuring advisor.  The Debtors
also tapped Ogletree, Deakins, Nash, Smoak & Stewart, P.C., as
labor counsel, and Osler, Hoskin & Harcourt LLP, as Canadian
restructuring counsel.  Prime Clerk LLC is the claims agent.

On August 19, 2019, the U.S. Trustee for Region 21 appointed the
Official Committee of Unsecured Creditors.  The Committee retained
Scroggins & Williamson, P.C., as counsel, Sidley Austin LLP, as
co-counsel, and FTI Consulting, Inc., as financial advisor.


JACK COOPER: Committee Hires Sidley Austin as Co-Counsel
--------------------------------------------------------
The Official Committee of Unsecured Creditors of Jack Cooper
Ventures, Inc., and its debtor-affiliates seeks authorization from
the U.S. Bankruptcy Court for the Northern District of Georgia to
retain Sidley Austin LLP, as co-counsel to the Committee.

The Committee requires Sidley Austin to:

   a. assist the Committee in the administration of the
      bankruptcy case, and the exercise of oversight with respect
      to the Debtors' affairs including all issues in connection
      with the Debtors, the Committee, or the Chapter 11 cases;

   b. prepare on behalf of the Committee necessary pleadings,
      including statements, motions, applications, memoranda,
      adversary complaints, objections or comments in connection
      with the Chapter 11 cases;

   c. review and analysis of motions, applications, orders,
      statements, operating reports and schedules filed with the
      Court;

   d. appear in Court, participate in litigation as party-in-
      interest, and participate at statutory meetings of
      creditors to represent the interests of the Committee;

   e. investigate and analyze any claims against the Debtors'
      non-debtor affiliates;

   f. negotiate, formulate, draft and confirm any plan or plans
      of reorganization or liquidation and matters related
      thereto;

   g. negotiate and evaluate of the use of cash collateral, any
      proposed debtor-in-possession financing and any other
      potential financing alternatives;

   h. evaluate any proposed restructuring support agreement and
      any other potential alternatives;

   i. analyze any proposed employee compensation, incentive and
      retention payment programs, and evaluate of the propriety
      of those programs;

   j. investigate unencumbered assets, liabilities, financial
      condition of the Debtors, prior transactions, and
      operational issues concerning the Debtors that may be
      relevant to the Chapter 11 case;

   k. evaluate, negotiate and formulate of any proposed sale of
      any of the Debtors' assets;

   l. communicate with the Committee's constituents in
      furtherance of its responsibilities including
      communications required under the Bankruptcy Code; and

   m. perform all of the Committee's duties and powers under the
      Bankruptcy Code and the Bankruptcy Rules and the
      performance of such other services as are in the interests
      of those represented by the Committee.

Sidley Austin will be paid at these hourly rates:

     Partners                  $925 to $1,700
     Senior Counsels           $800 to $1,450
     Associates                $540 to $905
     Paraprofessionals         $205 to $445

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

Matthew A. Clemente, a partner at Sidley Austin LLP, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and (a) is not
creditors, equity security holders or insiders of the Debtors; (b)
has not been, within two years before the date of the filing of the
Debtors' chapter 11 petition, directors, officers or employees of
the Debtors; and (c) does not have an interest materially adverse
to the interest of the estate or of any class of creditors or
equity security holders, by reason of any direct or indirect
relationship to, connection with, or interest in, the Debtors, or
for any other reason.

Sidley Austin can be reached at:

     Matthew A. Clemente, Esq.
     SIDLEY AUSTIN LLP
     One South Dearborn Street
     Chicago, IL 60603
     Tel: (312) 853-7000
     Fax: (312) 853-7036
     E-mail: mclemente@sidley.com

                    About Jack Cooper Ventures

Jack Cooper Ventures, Inc., is a specialty transportation and other
logistics provider and one of the largest over-the-road finished
vehicle logistics companies in North America. The company provides
premium asset-heavy and asset-light based solutions to the global
new and previously-owned vehicle markets, specializing in finished
vehicle transportation and other logistics services for major
automotive original equipment manufacturers and for fleet ownership
companies, remarketers, dealers and auctions. The company is a
certified Woman-Owned Business Enterprise by the Woman's Business
Enterprise Council.

Jack Cooper Ventures and 18 affiliates and subsidiaries sought
Chapter 11 protection (Bankr. N.D. Ga. Lead Case No. 19-62393). The
Hon. Paul W. Bonapfel is the case judge.

Paul, Weiss, Rifkind, Wharton & Garrison LLP and King & Spalding
LLP are serving as legal counsel to Jack Cooper, Houlihan Lokey,
Inc., is serving as investment banker and financial advisor, and
AlixPartners LLP is serving as restructuring advisor. The Debtors
also tapped Ogletree, Deakins, Nash, Smoak & Stewart, P.C., as
labor counsel, and Osler, Hoskin & Harcourt LLP, as Canadian
restructuring counsel. Prime Clerk LLC is the claims agent.

On August 19, 2019, the U.S. Trustee for Region 21 appointed the
Official Committee of Unsecured Creditors.  The Committee retained
Scroggins & Williamson, P.C., as counsel, Sidley Austin LLP, as
co-counsel, and FTI Consulting, Inc., as financial advisor.


JAGGED PEAK: Hires BMC Group as Claims and Noticing Agent
---------------------------------------------------------
Jagged Peak, Inc., and its debtor-affiliates seek authority from
the U.S. Bankruptcy Court for the District of Nevada to employ BMC
Group, Inc., as claims and noticing agent to the Debtors.

Jagged Peak requires BMC Group to:

   (a) prepare and serve a variety of documents on behalf of the
       Debtors in the bankruptcy proceedings;

   (b) provide claims administration services;

   (c) act as a balloting agent;

   (d) provide other consultation services including, assistance
       in preparation of statements of financial affairs and
       schedules, contract and lease collection and review, and
       prepare custom reports.

BMC Group will be paid at these hourly rates:

     Principals                        No charge
     Directors                         $110 to $125
     Case Consultants                  $75 to $100
     Noticing Managers                 $75 to $100
     Technology Data Consultants       $70 to $90
     Case Associates                   $50 to $75
     Clericals                         $25 to $35

BMC Group will be paid a retainer in the amount of $25,000.

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

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

BMC Group can be reached at:

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

                        About Jagged Peak

Jagged Peak Inc. and its subsidiaries are software companies in
Tampa, Florida. The Debtors deliver end-to-end global eCommerce
solutions that help companies break into new markets and build
customer base by creating a seamless experience across borders for
all product types.

Jagged Peak, Inc., based in Tampa, FL, and its debtor-affiliates
sought Chapter 11 protection (Bankr. D. Nev. Lead Case No.
19-15959) on Sept. 16, 2019.

In the petitions signed by CRO Jeremy Rosentha, Jagged Peak, and
TradeGlobal, LLC, were estimated to have assets of $50 million to
$100 million and liabilities of $10 million to $50 million; and
TradeGlobal North America Holding, Inc. was estimated to have
assets of $1 million to $10 million and estimated liabilities of $0
to $50,000.

The Hon. Mike K. Nakagawa oversees the cases.

Gregory E. Garman, Esq., at Garman Turner Gordon, serves as
bankruptcy counsel to the Debtors.  BMC Group, Inc., is the claims
and noticing agent to the Debtors.


JOSEPH HEATH: $580K Sale of Alexandria Property Approved
--------------------------------------------------------
Judge Klinette H. Kindred of the U.S. Bankruptcy Court for the
Eastern District of Virginia authorized Joseph F. Heath's sale of
the real property described as Lot 11, in Deed Book 2003, tax Map
ID 064.01-11-25as found among the land records of the City of
Alexandria, Virginia, and otherwise known as 1305 Queen Street,
Alexandria, Virginia, to Allison C. Koch and Michael C. Coppola "as
is" for $579,900, less a $10,000 sell subsidy, pursuant to a
contract dated Oct. 6, 2019.

The sale is free and clear of liens.

The proceeds of the sale will be disbursed at settlement in the
following order:

     (1) The ordinary and necessary costs of closing and
recordation, including all real estate commissions,

     (2) Real property taxes owed to the County of Fairfax (if
any), and

     (3) The first trust secured claim of Deutsche Bank Trust Co.
Americas, as Trustee for Residential Accredit Loans, Inc., Mortgage
Asset-Backed Pass-Through Certificates, Series 2007-085, which will
be paid in full.

Any surplus proceeds of sale after the payments as described are
made will be divided between the Debtor and the co-owner, Janet
Barnett, equally with the Debtor's share to turned over to the
debtor directly.

The 14-day stay under Rule 6004(h) is waived.

Upon settlement, the Debtor will promptly prepare and file a Report
of Sale detailing the distribution of the sale proceeds as
described.

                     About Joseph F. Heath

Joseph F. Heath sought Chapter 11 protection (Bankr. E.D. Va. Case
No. 07-14107) on Dec. 27, 2007.  The Debtor estimated assets in the
range of $0 to $50,000 and $100,001 to $500,000 in debt.  The
Debtor tapped Bennett A. Brown, Esq., at The Law Office of Bennett
A. Brown, as counsel.

On Dec. 22, 2017, the Court confirmed the Debtor's Second Amended
Plan.


K & B DIRECTIONAL: Creditors to Get 60 Monthly Payments in Plan
---------------------------------------------------------------
K & B Directional, Inc. and its owners Gregory and Charise Jennings
filed a Joint Chapter 11 Plan of Reorganization that contemplates K
& B's continued operations of its drilling rigs to pay off claims.
In addition, K&B will continue to provide salaries to the Jennings,
and the Jennings will use their salaries to make payments to
certain creditors under the Plan.

According to the Amended Joint Disclosure Statement, the Plan will
treat claims and interests as follows:

    * Class 2 Claimants (Allowed Claims of the Texas Workforce
Commission) are impaired and shall be satisfied as follows: The
Texas Workforce Commission ("TWC") has filed a Proof of Claim2
against K&B in the amount of $1,407.10 for unemployment taxes. The
Allowed Claim of the TWC shall be paid over 12 equal monthly
payments with interest at the rate of 6.5% per annum commencing on
the Effective Date.

    * Allowed Priority Claims of the Internal Revenue Service in
the amount of $29,764.68 (Class 3), Allowed Secured Claim of Ally
Bank in the amount of $21 ,658.50 (Class 4), Bank of America's
secured claim of $32,000 (Class 5), Allowed Secured Claim of
Regions Bank of $64,248.64 (Class 6), Allowed Secured Claim of
Suntrust Bank of $48,995.43 (Class 7), Allowed Secured Claim of
Century Trucks & Vans of $20,548.14 (Class 8), Allowed Secured
Claim of C.H. Brown Co. LLC of $19,724.53 (Class 9), Allowed
Secured Claims of Wood National Bank of $27,152.33 and $48,199.49
(Class 10), Allowed Secured Claims of Commercial Bank of Texas of
$29,558.50 less any payments received (Class 11) will be paid in 60
equal monthly payments commencing on the Effective Date with
interest at the rate of 5% per annum.

   * As to the allowed Secured Claims of City National Bank of
Sulphur Springs (Class 12),  CNB shall have secured claims in the
amount of $33,608.49 and $109,208.73.  The CNB Note #1 Claim which
shall be paid in 60 equal monthly installments with interest at the
rate of 5% per annum commencing on the Effective Date.  The CNB
Note #2 claim will be paid in one 120 equal monthly installments
with interest at the rate of 5% per annum commencing on the
Effective Date.

   * Allowed Secured Claim of Argi-Max Financial Services LP (Class
13) is impaired and shall be satisfied as follows: the Jennings
have been authorized to sell certain items for an amount of $46,000
plus items to be auctioned.  The proceeds from the sales and
auction will be delivered to Argi-Max.  After application for the
sales and auction proceeds, the Debtor will pay Agri-Max any
difference remaining between the Proof of Claim amount and the
amount received by Agri-Max from the sale and auction.  This amount
will be paid to Agri-Max in 60 equal monthly installments with
interest at the rate of 5% per annum commencing on the Effective
Date.

   * Class 14 Claimant (Allowed Secured Claims of Texas Heritage
National Bank).  The Claims of THNB are hereby Allowed as Class
14a, 14b and 14c Claims and shall be satisfied as set forth in this
Section 5.15. These claims are impaired:

     -- 5.15.1 Class 14a. The Debtor, K&B, executed that certain
Promissory Note dated July 28, 2017 in favor of Texas Heritage
National Bank ("THNB") in the original principal amount of
$529,245.19 (the "THNB Note").  To the extent the adequate
protection payments of $4,800 per month are paid prior to the
Confirmation Date, all such payments shall be credited to the
Allowed Class 14a Claim.  Beginning on the first (ISt) day of the
calendar month next following the Confirmation Date, and beginning
on the first (1 st) day of each succeeding calendar month the
Allowed Class 14a Claim shall be amortized over a period of 84
months and shall be paid in 59 equal installments and one payment
on the sixtieth (60) month of all outstanding principal and
interest.

     -- 5.15.2 Class 14b. The Debtors, Gregory and Charise
Jennings, executed that certain Promissory Note in favor of THNB in
the original amount of $799,197.55 ("THNB Jennings Note").
Beginning on the first (IS) day of the calendar month next
following the Confirmation Date, and beginning on the first (1st)
day of each succeeding calendar month until November 1, 2024, the
Jennings shall (jointly and severally) pay to THNB $836.03 per
calendar month.  On November 1, 2024, the entire unpaid balance of
the THNB Jennings Secured Claim shall be then due and payable in
full.

     -- 5.15.3 Class 14c. The remaining balance owed on the THNB
Jennings Note shall be paid according to the terms of the
provisions set forth herein for the treatment of THNB's Class14c
Claim. As of the Petition Date, the amount of the debt asserted by
THNB on the Jennings Note was $478,417.59. Beginning on the first
(IS) day of the calendar month next following the Confirmation
Date, and beginning on the first (IS) day of each succeeding
calendar month for one hundred and twenty (120) months K&B shall
pay directly to THNB $4,378.14 per calendar month.

   * Class 15 Claimant (Allowed Secured Claim of Conterra
Agricultural Capital, LLC) are impaired and shall be satisfied as
follow:  Conterra has not filed a Proof of Claim, however, the
Debtors, Gregory and Charise Jennings believe the amount of the
Conterra debt as of the Petition Date was $1,050,000.  Upon
confirmation of the Plan, the Contema debt shall paid in full with
interest at the rate of 5% per annum. The outstanding Conterra debt
will be amortized over three hundred (300) months and shall be paid
in one hundred and nineteen (119) equal monthly payments commencing
on the Effective Date, and one payment on the 120th month following
the Effective Date of all outstanding principal and interest.
Conterra shall retain its liens on the Property until paid in full
in accordance with the terms of this Plan.

   * Class 16 Claimants (General Unsecured or Undersecured
Creditors of Debtors) are impaired and shall be satisfied as
follows:  

     -- Class 16a. General Unsecured and Undersecured Creditors of
Debtor, K&B The General Unsecured Creditors Class 16a shall include
all unsecured creditors of Debtor K&B, The Class 16a creditors
shall share pro rata in the K&B Unsecured Creditors' Pool.  K&B
will make 60 monthly payments commencing on the Effective Date of
$1,000 into the K&B Unsecured Creditors' Pool.

     -- Class 16b. General Unsecured or Undersecured Creditors of
Debtors, Gregory and Charise Jennings. General Unsecured Creditors
Class 16b shall include all unsecured creditors of Debtors Gregory
and Charise Jennings.  The Class 16b creditors shall share pro rata
in the Jennings Unsecured Creditors' Pool.  Pursuant to 1 1 U.S.C.
Jennings will make 60 monthly payments commencing on the Effective
Date of their disposable income into the Jennings Unsecured
Creditors' Pool.

    * Class 17 Interests (Current Ownership) may be impaired and
shall be satisfied as follows: The Allowed Equity Interest Holder
Claims will retain their stock in K&B (subject to the perfected
security interest of THNB), however, in the event that the
unsecured creditors in Class 16a do not vote to accept the Plan,
and the stock ownership of K&B, an auction for the stock ownership
of K&B shall be conducted.

A full-text copy of the Disclosure Statement dated October 14,
2019, is available at https://tinyurl.com/y6pte8lu from
PacerMonitor.com at no charge.

COUNSEL FOR GREGORY BRENT AND CHARISE RASHAEL JENNINGS:

     Robert DeMarco
     EMARCO MITCHELL, PLLC
     1225 W 15th street, suite 805
     Plano, Texas 75075
     (972) 578-1400
     FAX: (972) 346-6791
     EMAIL: robert@demarcomitchell.com

COUNSEL FOR K & B DIRECTIONAL, INC.:

     Eric A. Liepins
     ERIC A. LIEPINS, P.C.
     12770 Coit Road, Suite 1100
     Dallas, Texas 75251
     (972) 991-5591
     FAX: (972) 991-5788
     EMAIL: eric@ealpc.com

                   About K & B Directional

K & B Directional, Inc.'s business consists of the ownership and
operation of oil and gas drilling rigs.  Gregory and Charise
Jennings own the company.

K & B Directional sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.
Tex. Case No. 18-42643) on Nov. 27, 2018.  At the time of the
filing, the Debtor was estimated to have assets of less than
$50,000 and liabilities of $1 million to $10 million.  

The Hon. Brenda T. Rhoades is the case judge.  

Eric A. Liepins, P.C., is KB Directional's counsel.

Gregory and Charise Jennings ("Jennings") filed their voluntary
Chapter 7 case in the United States Bankruptcy Court for the
Eastern District of Texas, Sherman Division on December 13, 2018.
ION April 24, 2019, the COurt granted the Jennings' motion to
convert their case to a CHapter 11 proceeding.  ON May 22, 2019,
the Court entered an order granting joint administration of the
cases of K&B and the Jennings.


KAPPA DEVELOPMENT: $313K Gulfport Property Sale to Blacklidge OK'd
------------------------------------------------------------------
Judge Katharine M. Samson of the U.S. Bankruptcy Court for the
Southern District of Mississippi authorized Kappa Development &
General Contracting, Inc.'s sale of a parcel of non-exempt real
property located in Harrison County, commonly referred to as 10480
Reichold Road, Gulfport, Mississippi, to Blacklidge Emulsions, Inc.
for $312,500.

The first Deed of Trust in favor of the U.S. S.B.A. with an
appropriate balance of $97,000 will be paid at closing, and further
the ad valorem property taxes and utilities will be pro-rated at
closing.

The Debtor shall, within seven days after the sale closes, file a
report of sale with a copy of the settlement statement attached,
pursuant to Fed. R. Bankr. P. 6004(f)(1).

                    About Kappa Development

Kappa Development & General Contracting, Inc., based in Gulfport,
Miss., filed a Chapter 11 petition (Bankr. S.D. Miss. Case No.
17-51155) on June 12, 2017.  In the petition signed by Randy
Blacklidge, president, the Debtor estimated $1 million to $10
million in both assets and liabilities.  The Hon. Katharine M.
Samson presides over the case.  Nicholas Van Wiser, Esq., at Byrd &
Wiser, serves as the Debtor's bankruptcy counsel.


KAUMANA DRIVE: U.S. Trustee Appoints J. Gardner as PCO
------------------------------------------------------
The United States Trustee appoints Jacqueline Gardner as patient
care ombudsman for Kaumana Drive Partners, LLC, dba Legacy Hilo
Rehabilitation & Nursing Center pursuant to Bankruptcy Code.  The
PCO will monitor the quality of patient care provided to patients
of the debtor, to the extent necessary under the circumstances,
including interviewing patients and physicians.

              About Kaumana Drive Partners

Kaumana Drive Partners, LLC, owner of a skilled nursing care
facility in Hilo, Hawaii, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Hawaii Case No. 19-01266) on Oct.6,
2019. At the time of the filing, the Debtor disclosed assets of
between $10 million and $50 million and liabilities of the same
range. The case is assigned to Judge Robert J. Faris.


LANDING AT BRAINTREE: Appointment of Trustee Moots Cash Use
-----------------------------------------------------------
The Hon. Frank J. Bailey of the U.S. Bankruptcy Court for the
District of Massachusetts denied Landing at Braintree, LLC's use of
cash collateral as moot because the Court allowed the appointment
of a Chapter 11 Trustee.

                     About 10 Homestead Avenue

10 Homestead Avenue's principal assets are located at 10 Homestead
Avenue Quincy, MA 02169. Landing at Braintree's principal assets
are located at Units 125-139B, Commercial Street Braintree, MA
02184.

10 Homestead Avenue, LLC, and its affiliate Landing at Braintree,
LLC, filed voluntary petitions seeking relief under Chapter 11 of
the Bankruptcy Code (Bankr. D. Mass. Case Nos. 18-14158 and
18-14159, respectively) on Nov. 6, 2018.  In the petitions signed
by William T. Barry, manager, the Debtors were each estimated to
have $1 million to $10 million in assets and liabilities.

Judge Frank J. Bailey oversees Case No. 18-14158 while the Hon.
Christopher J. Panos presides over Case No. 18-14159.

The Ann Brennan Law Offices serves as the Debtors' counsel.  The
Law Office of Lipman & White, is the special counsel.



LANDING AT BRAINTREE: Court Allows Appointment of Ch. 11 Trustee
----------------------------------------------------------------
A hearing was held to consider the Court's Oral Order to Show Cause
as to why a Chapter 11 Trustee should not be appointed under 11
U.S.C Section 1112(b)(1) and Section 1104(a) for Landing at
Braintree, LLC.  The Debtor filed a Response.

For reasons stated on the record, the assent of the Debtor,
Creditor Town of Braintree, Creditor Landing at Braintree
Condominium Trust, and the United States Trustee, the Court allows
the appointment of a Chapter 11 Trustee.

                About 10 Homestead Avenue

10 Homestead Avenue's principal assets are located at 10 Homestead
Avenue Quincy, MA 02169. Landing at Braintree's principal assets
are located at Units 125-139B, Commercial Street Braintree, MA
02184.

10 Homestead Avenue, LLC, and its affiliate Landing at Braintree,
LLC, filed voluntary petitions seeking relief under Chapter 11 of
the Bankruptcy Code (Bankr. D. Mass. Case Nos. 18-14158 and
18-14159, respectively) on Nov. 6, 2018.  In the petitions signed
by William T. Barry, manager, the Debtors were each estimated to
have $1 million to $10 million in assets and liabilities.

Judge Frank J. Bailey oversees Case No. 18-14158 while the Hon.
Christopher J. Panos presides over Case No. 18-14159.

The Ann Brennan Law Offices serves as the Debtors' counsel.  The
Law Office of Lipman & White, is the special counsel.


LATEX FOAM: Hires Wiggin and Dana as Special Counsel
----------------------------------------------------
Latex Foam International, LLC, and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the District of
Connecticut to employ Wiggin and Dana LLP, as special counsel to
the Debtors.

Latex Foam requires Wiggin and Dana to represent and advise the
Debtors in drafting and negotiating, the Debtors' senior secured
loan documents; the Debtors' organizational documents, including
LFI Holdings' Shareholders Agreement and Certificate of
Incorporation; and many other agreements to which the Debtors are
parties; and terms governing the Debtors' rights and obligations
with respect to the State of Connecticut and certain trust
documents at issue in the Chapter 11 Case.

Wiggin and Dana will be paid at the hourly rates of $250 to $445.

Wiggin and Dana is owed $20,657 of billed fees and disbursements by
the Debtors prior to August 2019.

Wiggin and Dana performed services during August 2019 prior to the
Petition Date. The fees for these services total $7,800. Wiggin and
Dana wrote off the prepetition August 2019 fees and have waived any
claim against the Debtors with respect to same.

Wiggin and Dana will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Michael Grundei, partner of Wiggin and Dana LLP, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Wiggin and Dana can be reached at:

     Michael Grundei, Esq.
     WIGGIN AND DANA LLP
     281 Tresser Boulevard
     Stamford, CT 06901
     Tel: (203) 363-7600

                  About Latex Foam International

Latex Foam International, LLC, which conducts business under the
name Talalay Global, provides textile furnishing products. It
offers house furnishings such as blankets, bedspreads, sheets,
table clothes, towels and shower curtains.

Latex Foam International and four affiliates filed voluntary
petitions seeking relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Conn. Lead Case No. 19-51064) on Aug. 8, 2019. In the
petition signed by CEO Marc Navarre, Latex Foam was estimated to
have assets between $10 million and $50 million and liabilities of
the same range.  Judge Julie A. Manning oversees the cases.  James
Berman, Esq. at Zeisler & Zeisler, P.C. is the Debtors' counsel.
Wiggin and Dana LLP, is special counsel.


LEGACY RESERVES: Seeks Approval of RBC Exit Facility
----------------------------------------------------
Legacy Reserves Inc. and its affiliated debtors filed with the U.S.
Bankruptcy Court for the Southern District of Texas, Houston
Division, a motion seeking entry of an order authorizing the
Debtors to enter into and perform under agreements relating to the
RBC Exit Facility.  Specifically, the Debtors ask the Court to
approve:

    (i) the Engagement Letter by and among Legacy and Royal Bank of
Canada and RBC Capital Markets,

   (ii) the Arranger Fee Letter by and between Legacy and Royal
Bank, and

  (iii) the Upfront Fee Letter by and between Legacy and Royal
Bank.

The Debtors are in the process of confirming their Joint Chapter 11
Plan of Reorganization.  The Debtors intend to enter into a senior
secured revolving reserve-based lending credit facility to
facilitate the Debtors' emergence from chapter 11.  The Plan
contemplates that this financing is in the form of either the Exit
Facility negotiated prepetition or an Alternative Exit Facility.
Entry into an exit financing facility is a condition precedent to
consummation of the Plan, and the form of the applicable credit
agreement must be approved in connection with confirmation.

The RBC Exit Facility will permit the Debtors to pay off or
refinance certain obligations, including the New Money DIP Claims,
Refinanced DIP Claims, RBL Claims, and RBL Adequate Protection
Claims.  Additionally, exit financing will provide the Reorganized
Debtors sufficient liquidity at exit to fund their business on a
go-forward basis. Absent the approval of and authorization to use
estate property to pay the Fees, Expenses, and to provide
Indemnities in accordance with the Engagement Letter and Fee
Letters, there is no assurance that alternative financing of any
sort—much less of the magnitude of the RBC Exit Facility and on
similar terms to such commitment—could be secured.

The RBC Exit Facility is the product of a marketing process for an
Alternative Exit Facility undertaken by the Debtors with the
assistance of their financial advisor, Perella Weinberg Partners
LP.  Even with the availability of the existing Exit Facility, the
Debtors respectfully submit that the proposed RBC Exit Facility is
a compelling alternative that should be explored.  Specifically,
the best-efforts RBC Exit Facility is expected to yield attractive
pricing compared to the L+250-400 under the Exit Facility offered
under the RSA, longer maturity (five years in the RBC Exit Facility
versus twoyears in the Exit Facility), and a comparable borrowing
base.

The key terms of the Engagement Letter and Fee Letters are:

     a. Roles.  The Debtors will engage RBCCM to act as lead
arranger and bookrunner for the RBC Exit Facility and Royal Bank as
sole administrative agent for the RBC Exit Facility.

     b. Syndication.  RBCCM will use commercially reasonable
efforts to secure commitments for the RBC Exit Facility from a
syndicate of financial institutions and commercial bank   lenders
(collectively, the "Lenders").  RBCCM will commence syndication
efforts promptly upon execution of the Engagement Letter.

     c. Expenses.  Regardless of whether the Closing Date occurs,
the Debtors will pay or reimburse all reasonable  and documented
out-of-pocket expenses incurred in connection with these Chapter 11
Cases; the RBC Exit Facility and any related documentation or the
administration, amendment, modification, or waiver thereof; and in
connection with the enforcement of any of RBC's rights and remedies
under the Engagement Letter (the “Expenses”), in each case on
the terms set forth in the Engagement Letter.
  
     d. Indemnity.  The Debtors will indemnify and hold harmless
the Engagement Parties, the Lenders, and their respective
affiliates and their respective officers, directors,  employees,
advisors, agents, and other representatives on the terms set forth
in the Engagement Letter.  The Debtors' indemnification obligations
are  subject to customary  carve-out for losses arising from bad
faith, willful misconduct, or gross negligence  of  an  indemnified
person.

      e. Fees.  The Debtors will pay the fees described in the Fee
Letters on the Closing Date.  The Fee Letters require payment of
the following fees, all of which will be fully earned as of and
payable on the Closing Date.

       i. Upfront Fee.  An upfront fee to RBCCM of [_____].
      ii. Arrangement Fee.  An arrangement fee to RBCCM of
[_____].
     iii. Agent Fee.  An annual administration fee to RBC equal to
[_____].

      f. Confidentiality.  The Engagement Letter contains certain
confidentiality   restrictions prohibiting the Debtors from
disclosing the Engagement Letter or the Fee  Letters and their
contents without prior written consent of RBC, subject to certain
exceptions, including permitting the Debtors to (i) disclose the
Engagement Letter or the transactions contemplated thereby to
obtain court approval with the Court and (ii) file the  Fee Letters
with the Court under seal and provide an unredacted copy of the Fee
Letters (in form and substance reasonably satisfactory to RBCCM) to
the Court, the UST, the Supporting Term Lenders (as defined in the
Global RSA) party to the Global RSA on the date of the Engagement
Letter, and their respective counsel and financial advisors, and
counsel and financial advisors to any statutory committee appointed
in the Chapter 11 cases on a confidential "professional eyes only"
basis.

A full-text copy of the Motion dated Oct. 10, 2019, is available at
https://tinyurl.com/y54xwfdw from PacerMonitor.com at no charge.

                      About Legacy Reserves

Legacy Reserves Inc. (NASDAQ: LGCY)
--http://www.legacyreserves.com/-- is an independent energy
company engaged in the development, production and acquisition of
oil and natural gas properties in the United States. Its current
operations are focused on the horizontal development of
unconventional plays in the Permian Basin and the cost-efficient
management of willow-decline oil and natural gas wells in the
Permian Basin, East Texas, Rocky Mountain and Mid-Continent
regions.

Legacy Reserves Inc. and 10 subsidiaries sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 19-33395) on June 18,
2019. At the time of the filing, the Debtors had estimated assets
of between $500 million and $1 billion and liabilities of between
$1 billion and $10 billion.

The Hon. David R. Jones is the case judge.

Perella Weinberg Partners and its affiliate, Tudor Pickering Holt &
Co., is acting as financial advisor for the Company, Sidley Austin
LLP is acting as legal advisor, and Alvarez & Marsal is acting as
restructuring advisor. Kurtzman Carson Consultants LLC --
http://www.kccllc.net/legacyreserves-- is the claims agent.       


PJT Partners LP is acting as financial advisor for the Second Lien
Lenders, and Latham & Watkins LLP is acting as legal advisor.
Houlihan Lokey is acting as financial advisor for the Ad Hoc Group
of Senior Noteholders, and Davis Polk & Wardwell LLP is acting as
legal advisor. RPA Advisors, LLC is acting as financial advisor to
Wells Fargo Bank, as administrative agent for the RBL Lenders, and
Orrick Herrington & Sutcliffe LLP is acting as legal advisor.


LIONS GATE: S&P Puts 'B+' Issuer Credit Rating on Watch Negative
----------------------------------------------------------------
S&P Global Ratings placed all of its ratings on Santa Monica,
Calif.-based independent film studio Lions Gate Entertainment
Corp., including its 'B+' issuer credit rating, on CreditWatch with
negative implications.

The CreditWatch placement follows Lions Gate's announcement that
Comcast Corp.'s Xfinity service intends to drop Starz and related
content from its cable packages in December 2019, which could
exacerbate the weakening of the company's credit measures beyond
S&P's threshold for the current rating. While negotiations between
Comcast and Lions Gate are ongoing, S&P believes that if Comcast
removes Starz from its platform the studio could face substantial
revenue and earnings pressure. This would lead the company to
sustain leverage above the mid-5x area and weaken its cash flow
generation relative to S&P's base-case scenario for the current
rating, potentially causing the rating agency to downgrade Lions
Gate.

In resolving the CreditWatch placement, S&P expects to assess the
outcome of the ongoing negotiations between Lions Gate and Comcast
as well as the company's organic operating performance.

"We could lower our rating on Lions Gate if it is unable to retain
its agreement with Comcast at favorable terms, preventing it from
reducing its leverage in line with our thresholds for the rating.
We could also lower our ratings if we expect the company's organic
performance to deteriorate due to revenue declines or cost
challenges that lead it to maintain weaker-than-expected credit
metrics," S&P said.

"We could affirm our 'B+' ratings on Lions Gate if the studio and
Comcast come to a favorable agreement in a timely manner that
enables Lions Gate to continue to reduce its leverage in line with
our expectations," the rating agency said.

S&P expects to resolve the CreditWatch in the next 90 days as it
monitors the progress of the company's negotiations with Comcast.


MARINE BUILDERS: WesBanco Seeks to Terminate Cash Collateral Use
----------------------------------------------------------------
WesBanco Bank, Inc. requests the U.S. Bankruptcy Court for the
Southern District of Indiana to terminate the rights of Marine
Builders, Inc., and its debtor-affiliates to use cash collateral
under the Final Cash Collateral Order.

The Cash Collateral Order requires the Debtors to timely make
interest payments to WesBanco. However, the Debtors have failed to
timely make the required interest payments to WesBanco for the
months of July and August, and have wholly failed to make the
required payments now due for September in excess of $7,000.

The Debtors not only failed to do so, they also represented to the
Court that they had made payments to WesBanco that were not
actually made. After making that representation, the Debtors sent
the July interest payments but elected to further delay sending the
August interest payments. WesBanco received the August interest
payments on Oct. 4. The Debtors have now elected to not make the
September interest payments.

Because the Debtors are in default of their obligations under the
Cash Collateral Order, WesBanco asserts that the Debtors' right to
use Cash Collateral should be terminated.

                        About Marine Builders

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

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



MCCLATCHY CO: Chief Financial Officer Will Retire in June 2020
--------------------------------------------------------------
Elaine R. Lintecum, the chief financial officer of The McClatchy
Company, informed the Company that she plans to retire at the end
of June 2020.  The Company expects to appoint Peter Farr, currently
the Company's corporate controller and chief accounting officer, to
be the Company's CFO, once Ms. Lintecum leaves her role as CFO
which is expected to be in the first quarter of 2020. Ms. Lintecum
plans to remain with the Company after serving as CFO to assist
with an orderly transition and ensure an efficient and seamless
integration.

In addition, on Oct. 14, 2019, Mark Zieman, vice president,
operations of the Company, informed the Company that he will leave
the Company at the end of 2019.  Mr. Zieman's role will not be
replaced.

                          About McClatchy

The McClatchy Company -- http://www.mcclatchy.com/-- operates 30
media companies in 14 states, providing each of its communities
with news and advertising services in a wide array of digital and
print formats.  McClatchy is a publisher of iconic brands such as
the Miami Herald, The Kansas City Star, The Sacramento Bee, The
Charlotte Observer, The (Raleigh) News & Observer, and the (Fort
Worth) Star-Telegram.  McClatchy is headquartered in Sacramento,
Calif., and listed on the New York Stock Exchange American under
the symbol MNI.

McClatchy reporting a net loss of $79.75 million for the year ended
Dec. 30, 2018, compared to a net loss of $332.35 million for the
year ended Dec. 31, 2017.  As of June 30, 2019, McClatchy had $1.27
billion in total assets, $188.98 million in current liabilities,
$1.45 billion in non-current liabilities, and a shareholders'
deficit of $372.52 million.

                          *    *    *

As reported by the TCR on Aug. 2, 2019, 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 continues to hold Moody's Investors Service's "Caa1"
corporate family rating.  In December 2015, Moody's affirmed the
"Caa1" corporate family rating rating and changed the rating
outlook to stable from positive due to continued weakness in the
print advertising market and the ongoing pressure on the company's
operating cash-flow.  McClatchy's "Caa1" Corporate Family Rating
reflects persistent revenue pressure on the company's newspaper and
print operations, reliance on cyclical advertising spending, and
its high leverage including a large underfunded pension.


MESOBLAST LIMITED: Signs Manufacturing Agreement with Lonza
-----------------------------------------------------------
Mesoblast and Lonza have entered into an agreement for commercial
manufacture of Mesoblast's lead allogeneic (off-the-shelf) cell
therapy product candidate, remestemcel-L for pediatric
steroid-refractory acute graft versus host disease (aGVHD).  This
agreement will facilitate inventory build ahead of the planned
United States market launch of remestemcel-L and commercial supply
to meet Mesoblast's long-term market projections.

Mesoblast expects to complete filing of the rolling Biologics
License Application (BLA) submission to the US Food and Drug
Administration (FDA) by the end of this year.  On acceptance of the
filing, the product candidate is eligible for FDA priority review
under its existing Fast Track designation, providing for an
expedited review period.  If approved, the US launch of
remestemcel-L is expected to occur next year.

The agreement provides for Lonza to expand its Singapore cGMP
facilities if required to meet long-term growth and capacity needs
for the product.  Additionally, it anticipates introduction of new
technologies and process improvements which are expected to result
in significant increases in yields and efficiencies.

Mesoblast Chief Executive Dr Silviu Itescu stated: "This commercial
manufacturing agreement with Lonza for our lead product candidate
is designed to ensure that we are in a position to meet projected
commercial demand as we plan to roll out the first of our
allogeneic cell therapies to people around the world in need of
life-saving and disease-modifying products."

Alberto Santagostino, SVP Head of Cell & Gene Technologies, Lonza
Pharma & Biotech said: "Mesoblast is a true trailblazer, leading
the way in developing life-changing cell therapies and working hard
to soon make them available to large numbers of patients. This
agreement builds on the successful partnership and alliance between
our two companies over the years.  As we also enter new
partnerships with early-stage companies on one side, Mesoblast
shows the path of success in reaching commercialization on the
other.  We are committed for the long run with Mesoblast, to
continue to grow and deliver cell therapies to all patients in
need, together."

                       About Mesoblast

Headquartered in Melbourne, Australia, Mesoblast Limited (ASX:MSB;
Nasdaq:MESO) -- http://www.mesoblast.com-- is a global developer
of innovative cell-based medicines.  The Company has leveraged its
proprietary technology platform to establish a broad portfolio of
late-stage product candidates with three product candidates in
Phase 3 trials - acute graft versus host disease, chronic heart
failure and chronic low back pain due to degenerative disc disease.
Through a proprietary process, Mesoblast selects rare mesenchymal
lineage precursor and stem cells from the bone marrow of healthy
adults and creates master cell banks, which can be industrially
expanded to produce thousands of doses from each donor that meet
stringent release criteria, have lot to lot consistency, and can be
used off-the-shelf without the need for tissue matching.  Mesoblast
has facilities in Melbourne, New York, Singapore and Texas and is
listed on the Australian Securities Exchange (MSB) and on the
Nasdaq (MESO).

Mesoblast reported a net loss attributable to owners of the Company
of US$89.79 million for the year ended June 30, 2019, a net loss
attributable to owners of the Company of US$35.29 million for the
year ended June 30, 2018, and a net loss attributable to owners of
the Company of US$76.81 million for the year ended June 30, 2017.
As of June 30, 2019, Mesoblast had US$652.11 million in total
assets, US$171.06 million in total liabilities, and $481.05 million
in total equity.

PricewaterhouseCoopers, in Melbourne, Australia, the Company's
auditor since 2008, issued a "going concern" opinion in its report
on the Company's consolidated financial statements for the year
ended June 30, 2019.  The auditors noted that the Company has
suffered recurring losses and net cash outflows from operations and
other matters that raise substantial doubt about its ability to
continue as a going concern.


MTE HOLDINGS: Case Summary & 3 Unsecured Creditors
--------------------------------------------------
Debtor: MTE Holdings LLC
        200 N. Loraine Street, Suite 610
        Midland, TX 79701

Business Description: MTE Holdings LLC is a privately held company

                      in the oil and gas extraction business.

Chapter 11 Petition Date: October 22, 2019

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

Case No.: 19-12269

Judge: Hon. Karen B. Owens

Debtor's
General
Bankruptcy
Counsel:        KASOWITZ BENSON TORRES LLP

Debtor's
Delaware
Counsel:        Robert J. Dehney, Esq.
                MORRIS, NICHOLS, ARSHT & TUNNELL LLP
                1201 N. Market Street
                P.O. Box 1347
                Wilmington, DE 19899-1347
                Tel: (302) 658-9200
                Fax: (302) 658-3989
                E-mail: rdehney@mnat.com

Estimated Assets: $10 billion to $50 billion

Estimated Liabilities: $100 million to $500 million

The petition was signed by Mark A. Siffin, authorized
representative.

List of Debtor's Three Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Vinson & Elkins LLP                                    $500,000
Tel: 214-220-7700

2. Weaver and Tidwell, LLP                                $105,000
Tel: 800-332-7952

3. Intercompany Claims                                         TBD
asserted by MDC
Tel: 432-686-3579

The Debtor said that due to the expedited nature of this filing, it
reserves right to amend or supplement the creditor list.

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

           http://bankrupt.com/misc/deb19-12269.pdf


MTE PARTNERS: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Two affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

     Debtor                                    Case No.
     ------                                    --------
     MTE Partners LLC                          19-12272
     280 East 96th Street, Suite 210
     Indianapolis, IN 46240

     Olam Energy Resources I LLC               19-12273
     280 East 96th Street, Suite 210
     Indianapolis, IN 46240

Business Description: MTE Partners and Olam Energy are primarily
                      engaged in operating oil and gas field
                      properties.

Chapter 11 Petition Date: October 23, 2019

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

Debtors'
General
Bankruptcy
Counsel:    KASOWITZ BENSON TORRES LLP

Debtors'
Delaware
Counsel:    Robert J. Dehney, Esq.
            MORRIS, NICHOLS, ARSHT & TUNNELL LLP
            1201 N. Market Street
            P.O. Box 1347
            Wilmington, DE 19899-1347
            Tel: (302) 658-9200
            Fax: (302) 658-3989
            E-mail: rdehney@mnat.com

MTE Partners'
Estimated Assets: $10 billion to $50 billion

MTE Partners'
Estimated Liabilities: $100 million to $500 million

Olam Energy's
Estimated Assets: $10 billion to $50 billion

Olam Energy's
Estimated Liabilities: $100 million to $500 million

The petitions were signed by Mark A. Siffin, authorized signatory.

The Debtors said they currently have no unsecured creditors.  Due
to the expedited nature of these filings, the Debtors reserve their
right to amend/supplement the creditor list.

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

        http://bankrupt.com/misc/deb19-12272.pdf
        http://bankrupt.com/misc/deb19-12273.pdf


NACOGDOCHES COUNTY HOSPITAL: S&P Puts B- Bond Rating on Watch Neg.
------------------------------------------------------------------
S&P Global Ratings placed its 'B-' long-term rating on Nacogdoches
County Hospital District, Texas' sales tax bonds on CreditWatch
with negative implications.

The CreditWatch placement reflects S&P's repeated attempts to
obtain up-to-date information regarding the hospital's financial
and operating position. Furthermore, S&P has been unable to
ascertain the hospital's intentions regarding public discussions of
bankruptcy. Given the lack of information, the rating agency
believes that there is a one-in-two chance that it could lower or
withdraw its rating on the district's sales tax bonds.



NEVER SLIP: S&P Cuts ICR to 'CCC' on Continued Weak Credit Metrics
------------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
Never Slip Topco Inc. to 'CCC' from 'CCC+'. S&P concurrently
lowered its issue-level ratings on the company's senior secured
revolver and first-lien term loan to 'CCC' from 'CCC+'. The
recovery ratings are unchanged at '3'.

The downgrade reflects heightened risk of a financial covenant
violation and a liquidity crisis if SFC is unable to improve
operating performance and increase its borrowing capacity. It also
reflects very weak EBITDA interest coverage (around 1.0x) and an
inability to generate positive free cash flow (FCF).

"The negative outlook reflects the potential for a lower rating
over the next 12 months if we believe a default or restructuring is
imminent. We could lower the ratings if operating performance
continues to weaken, FCF continues to deteriorate, and we expect
the company will trigger and violate its springing first-lien
leverage covenant, at which point the company will face a liquidity
crisis," S&P said.

"We could take a positive rating action if we become increasingly
confident that the company will not face a payment crisis in the
next 12 months," S&P said. This would be contingent on the company
gaining access to additional sources of liquidity to comfortably
support operations (which could include additional support from the
sponsor), while also stabilizing operating performance, generating
positive free cash flow, improving EBITDA interest coverage to the
mid-1x area, and maintaining covenant cushion above 10%, according
to the rating agency.


NORTH AMERICAN SAVVAS: Voluntary Chapter 11 Case Summary
--------------------------------------------------------
Debtor: North American Savvas Group, LLC
        4730 South Ft. Apache #300
        Las Vegas, NV 89147

Business Description: North American Savvas Group, LLC is a
                      Single Asset Real Estate debtor (as
                      defined in 11 U.S.C. Section 101(51B)).

Chapter 11 Petition Date: October 23, 2019

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Case No.: 19-16838

Judge: Hon. Bruce T. Beesley

Debtor's Counsel: Steven J. Szostek, Esq.
                  7848 West Sahara Ave
                  Las Vegas, NV 89117
                  Tel: (702) 325-6224
                  E-mail: szostek1946@gmail.com

Total Assets: $2,400,056

Total Liabilities: $1,200,000

The petition was signed by Steven J. Szoster, Esq., attorney for
the Debtor.

The Debtor stated it has no unsecured creditors.

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

         http://bankrupt.com/misc/nvb19-16838.pdf


NORTHERN OIL: S&P Alters Outlook to Stable, Affirms 'B-' ICR
------------------------------------------------------------
S&P Global Ratings affirmed the 'B-' issuer credit rating on
Minnetonka, Minn.–based oil and gas exploration and production
(E&P) company Northern Oil and Gas Inc. and revised the outlook to
stable from positive. S&P also affirmed the 'B+' issue-level rating
on the company's 8.5% secured second-lien notes due 2023.

The outlook revision incorporates S&P's view of the company's
growth strategy and financial policies. Moreover, the stable
outlook assumes Northern completes its consent and exchange
transaction as proposed and successfully increases the borrowing
base on the RBL facility. Earlier this year, Northern funded a
series of acquisitions with borrowings under its credit facility,
leaving limited availability. Northern's announced refinancing and
recapitalization improves its liquidity profile but leaves a
significant balance on the credit facility. All of this is in the
context of weaker commodity and capital market environments than a
year ago. S&P believes the company, similar to other small E&P
peers, faces challenges to obtaining debt funding under favorable
terms and that these conditions make executing Northern's
acquisition strategy more difficult. However, S&P expects leverage
to be moderate over the next 12 months due to production growth
through the recent Ven Bakken acquisition and lower capital
spending going forward.

The stable outlook reflects S&P's expectation that Northern's
credit metrics will remain within the rating agency's expectations
for the rating over the next 12 months, with FFO to debt rising to
just under 40% by year end 2019 while debt to EBITDA declines to
the low-2x area. These metrics incorporate increasing oil
production as a result of recent acquisitions and property
development.

"We could lower the rating if the company's liquidity deteriorates
or if credit metrics weaken to levels we consider unsustainable.
Such a scenario could occur if Northern significantly outspends
internally generated cash flow, makes acquisitions funded with RBL
borrowings, or if commodity prices were to decline significantly,"
S&P said.

"We could raise the rating if the company's liquidity improves
while maintaining strong credit ratios such that FFO to debt
increases above 40% and debt to EBITDA declines below 2x on a
sustained basis. This would take place if Northern increases its
underlying production while funding its acquisition strategy and
development spending prudently," the rating agency said.


ORANGE COUNTY INSURANCE: $992K Sale of All Business Assets Approved
-------------------------------------------------------------------
Judge Billl Parker of the U.S. Bankruptcy Court for the Eastern
District of Texas authorized Orange County Insurance Brokerage,
Inc., doing business as Beaty Insurance, to sell substantially all
of its business assets to R & W, LLC for $992,000, pursuant to
their Asset Purchase Contract.

The sale is free and clear of all liens and encumbrances.  The
respective liens and encumbrances existing against the Debtor's
interest in the Business Assets will attach to the respective net
proceeds of sale, and that such sale proceeds may be paid by the
Closing Agent (or the Debtor if no Closing Agent) as follows: (i) E
& O Tail Coverage Policy costs in the amount of $14,170; (ii) M & A
Consultation for brokerage services in the amount of $49,600; and
(iii) First lien to Crestmark Bank in the amount of $928,230.

Upon receipt and distribution of the sale proceeds, Crestmark Bank,
as the creditor entitled to receive all net sales proceeds, and FC
Marketplace, LLC, whose junior lien position was unsupported by any
value through the approved sale amount, will each file a formal
release of its liens and/or encumbrances upon the business assets.

Within 14 days of the closing, the Debtor will file a Report of
Sale and Disposition of Proceeds with the Court which details the
sales proceeds received and the disposition of such proceeds.  

Since the Motion was unopposed by any party, the 14-day stay period
otherwise imposed by Fed. R. Bankr. P. 6004(h) will not be
applicable to the Order.  

                   About Orange County Insurance
                        d/b/a Beaty Insurance

Orange County Insurance Brokerage, Inc., an insurance agency in
Orange, Texas, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Tex. Case No. 19-10278) on June 19, 2019.  At the
time of the filing, the Debtor disclosed $1,143,220 in assets and
$1,929,624 in liabilities.  The case is assigned to Judge Bill
Parker.  Maida Clark Law Firm, P.C., is the Debtor's legal counsel.


PARKINSON SEED: SummitBridge Plan Disclosures Hearing on Nov. 19
----------------------------------------------------------------
SummitBridge National Investments VI LLC filed a proposed Chapter
11 Plan of Liquidation and Disclosure Statement for Parkinson Seed
Farm, Inc., on Oct. 11, 2019.

A hearing to determine whether such Disclosure Statement contains
adequate information will be held before the U.S. Bankruptcy Judge
at the United States Courthouse, 550 West Fort St., 5th Floor,
Courtroom 4, Boise, Idaho on Nov. 19, 2019, at 9:00 a.m. Mountain
Time.  Written objections and/or proposed modifications to the
Disclosure Statement must be filed not less than seven days prior
to the time set for hearing.

As reported in the TCR, SummitBridge believes an orderly sale of
assets is the best means to resolve the Debtor's liabilities.  The
Creditor Plan provides that the real property, personal property,
and all other assets of the Debtor on the Effective Date will be
transferred to the Reorganized Debtor pursuant to and in accordance
with the Creditor Plan.  The Plan Administrator will be charged
with the orderly sale of all real property, equipment, crops, and
any property of the Debtor vested in the Reorganized Debtor, first
by private sale and then by auction if required.  Funds from the
sale of the assets will be distributed to creditors with claims.

A full-text copy of the Disclosure Statement dated Oct. 11, 2019,
is available at https://tinyurl.com/yxs378l2 from PacerMonitor.com
at no charge.

Counsel to SummitBridge National Investments VI LLC:

     James T. Markus  
     William G. Cross  
     MARKUS WILLIAMS YOUNG & HUNSICKER LLC
     1700 Lincoln Street, Suite 4550
     Denver, CO 80203
     jmarkus@markuswilliams.com
     Telephone: (303) 830-0800
     Facsimile: (303) 830-0809

           - and -

     Jason R. Naess
     PARSONS, SMITH, STONE
     LOVELAND & SHIRLEY, LLP
     137 West 13th Street
     P. O. Box 910
     Burley, ID 83318
     jason@pmt.org
     Telephone: (208) 878-8382
     Facsimile: (208) 878-0146

                  About Parkinson Seed Farm

Located in Saint Anthony, Idaho, Parkinson Seed Farm Inc. --
http://www.parkinsonseedfarm.com/-- farms 7,200 acres of potatoes.
It raises seed potatoes, hard red and hard white wheat, as well as
a small amount of alfalfa (mostly to feed horses for recreational
purposes).  The company raises 11 of what it considers to be more
mainstream varieties such as the Russet Burbank, Ranger, three
different line selections of Russet Norkotah, white varieties such
as Cal Whites and Atlantics, and reds like the Dark Red Norland.
The company was founded in 1937.

Parkinson Seed Farm sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Idaho Case No. 18-40412) on May 15,
2018.  In the petition signed by Dirk Parkinson, president, the
Debtor disclosed $6.11 million in assets and $26.92 million in
liabilities.

Judge Joseph M. Meier oversees the case.  

The Debtor hired Robinson & Associates as its legal counsel.


PG&E CORP: Reiterates Commitment to Reorganization Plan
-------------------------------------------------------
PG&E Corporation and Pacific Gas and Electric Company (together,
"PG&E") on Oct. 17, 2019, reiterated the key features of PG&E's
fully funded Plan of Reorganization.  The Plan, which is the
product of extensive negotiations, treats all stakeholders fairly,
protects customers, will satisfy all wildfire claims in full, and
presents a viable path for PG&E to achieve regulatory approval and
confirmation of its Plan in advance of the June 30, 2020 statutory
deadline.  By resolving the Chapter 11 prior to the end of June
2020, PG&E will be able to participate in the state's new
go-forward wildfire fund established under Assembly Bill 1054.

PG&E is confident that its Plan charts the best course for its
emergence as a financially sound utility positioned to serve its
customers and contribute to California's clean energy future.

Crucially, PG&E's Plan complies with all requirements of the
Bankruptcy Code and does not result in a change of control that
would impose regulatory hurdles to plan confirmation.  In addition,
PG&E's Plan treats all constituencies fairly, minimizing the
likelihood of protracted litigation that would further delay
payments to wildfire victims and jeopardize the customer and public
benefits that result from the company's participation in the
go-forward wildfire fund.

PG&E has announced settlements with two of three major groups of
wildfire claims holders in its Chapter 11 -- namely cities and
counties, and insurance companies and other entities which have
already paid wildfire claims for the 2017 and 2018 wildfires—and
remains committed to working with the individual claimants to
fairly and equitably resolve their claims.  PG&E's Plan proposes a
framework that protects customers while allowing PG&E to meet its
legal obligations.

Debt Financing Commitments Finalized

PG&E confirmed that it has finalized commitments from several
leading financial institutions totaling $34.5 billion to provide
debt financing in support of its Plan.  PG&E has also received
aggregate equity commitments in excess of its $14 billion target
from a broad array of investors, including current shareholders,
bondholders, and parties not currently invested in PG&E's equity or
debt securities.  All proceeds of the equity commitments would be
used to pay wildfire victims and help fund PG&E's contributions to
the state wildfire fund.

Objectives of PG&E's Plan

PG&E's Plan would accomplish the following:

   * Compensate wildfire victims and certain limited public
entities from a trust funded for their benefit in an amount to be
determined in an estimation proceeding not to exceed $8.4 billion;

   * Compensate insurance subrogation claimants from a trust funded
for their benefit in the amount of $11 billion in accordance with
the terms of the Subrogation Claims Settlement and Restructuring
Support Agreement, to be approved by the Bankruptcy Court;

   * Pay $1 billion in full settlement of the claims of certain
public entities like cities and counties relating to the wildfires,
as previously announced;

   * Pay in full, with interest at the legally allowable rate, all
prepetition funded debt obligations, all prepetition trade claims
and all employee-related claims;

   * Assume all power purchase agreements and community choice
aggregation servicing agreements;

   * Assume all pension obligations, other employee obligations,
and collective bargaining agreements with labor;

   * Provide for PG&E's future participation in the state wildfire
fund established by Assembly Bill 1054; and

   * Satisfy the requirements of Assembly Bill 1054.

PG&E's Plan will be updated as developments require, including to
reflect any additional settlements or the outcome of the ongoing
wildfire claims estimation proceedings.

                      About PG&E Corporation

PG&E Corporation (NYSE: PCG) -- http://www.pgecorp.com/-- is a
Fortune 200 energy-based holding company, headquartered in San
Francisco.  It is the parent company of Pacific Gas and Electric
Company, an energy company that serves 16 million Californians
across a 70,000-square-mile service area in Northern and Central
California.

As of Sept. 30, 2018, the Debtors, on a consolidated basis, had
reported $71.4 billion in assets on a book value basis and $51.7
billion in liabilities on a book value basis.

PG&E Corp. and Pacific Gas employ approximately 24,000 regular
employees, approximately 20 of whom are employed by PG&E Corp.  Of
Pacific Gas' regular employees, approximately 15,000 are covered by
collective bargaining agreements with local chapters of three labor
unions: (i) the International Brotherhood of Electrical Workers;
(ii) the Engineers and Scientists of California; and (iii) the
Service Employees International Union.

On Jan. 29, 2019, PG&E Corp. and its primary operating subsidiary,
Pacific Gas and Electric Company, filed voluntary Chapter 11
petitions (Bankr. N.D. Cal. Lead Case No. 19-30088).

PG&E Corporation and its regulated utility subsidiary, Pacific Gas
and Electric Company, said they are facing extraordinary challenges
relating to a series of catastrophic wildfires that occurred in
Northern California in 2017 and 2018.  The utility said it faces an
estimated $30 billion in potential liability damages from
California's deadliest wildfires of 2017 and 2018.

Weil, Gotshal & Manges LLP and Cravath, Swaine & Moore LLP are
serving as PG&E's legal counsel, Lazard is serving as its
investment banker and AlixPartners, LLP is serving as the
restructuring advisor to PG&E.  Prime Clerk LLC is the claims and
noticing agent.

In order to help support the Company through the reorganization
process, PG&E has appointed James A. Mesterharm, a managing
director at AlixPartners, LLP, and an authorized representative of
AP Services, LLC, to serve as Chief Restructuring Officer.  In
addition, PG&E appointed John Boken also a Managing Director at
AlixPartners and an authorized representative of APS, to serve as
Deputy Chief Restructuring Officer.  Mr. Mesterharm, Mr. Boken and
their colleagues at AlixPartners will continue to assist PG&E with
the reorganization process and related activities.  Morrison &
Foerster LLP, as special regulatory counsel.

The Office of the U.S. Trustee appointed an official committee of
creditors on Feb. 12, 2019. The Committee retained Milbank LLP as
counsel; FTI Consulting, Inc., as financial advisor; Centerview
Partners LLC as investment banker; and Epiq Corporate
Restructuring, LLC as claims and noticing agent.

On Feb. 15, 2019, the U.S. trustee appointed an official committee
of tort claimants.  The tort claimants' committee is represented by
Baker & Hostetler LLP.



POST HOLDINGS: S&P Affirms 'B+' Rating on Senior Unsecured Notes
----------------------------------------------------------------
S&P Global Ratings revised its recovery rating on Post Holdings
Inc.'s senior unsecured notes to '3' from '4' after the company
repaid $1.2 billion of its senior secured term loan balance. Post
used proceeds from the IPO of BellRing Brands Inc. to make this
payment, lowering the amount of debt ahead of the senior unsecured
notes and improving recovery prospects. The '3' recovery rating
indicates S&P's expectation for meaningful (50%-70%; rounded
estimate: 60%) recovery in the event of a payment default. S&P also
affirmed the 'B+' issue-level rating on Post's senior unsecured
notes. The notes include $1 billion 5.5% notes due 2025, $400
million 8% notes due 2025, $1.75 billion 5% notes due 2026, $1.5
billion 5.75% notes due 2027, $1 billion 5.625% notes due 2028 and
$750 million 5.5% notes due 2029.

S&P's 'BB' issue-level rating on the company's $2.2 billion senior
secured term loan B due 2024 remain unchanged. The '1' recovery
rating is unchanged and indicates S&P's expectation for very high
recovery (90%-100%; rounded estimate: 95%) in the event of a
default. S&P will withdraw its ratings on the term loan if the
company repays the remaining $80 million balance.

All of S&P's other ratings on the company, including the 'B+'
issuer credit rating, are unaffected by this transaction.


PRINCETON ALTERNATIVE: Trustee Opposes LPs' Designation Motion
--------------------------------------------------------------
Matthew Cantor, the trustee for the Chapter 11 debtors Princeton
Alternative Income Fund, L.P. and Princeton Alternative Funding,
LLC, filed with the U.S. Bankruptcy Court for the District of New
Jersey a memorandum in opposition to the motion (Designation
Motion) of the ad hoc committee of certain limited partners of PAIF
(the "Ad Hoc Committee"), seeking to designate votes pursuant to
Sections 1125 and 1126(e) of Chapter 11, Title 11 of the United
States Code, 11 U.S.C. Sec. 101-1532.

According to the Trustee, designation of votes is drastic and
rarely used remedy available in only two situations – when there
is a violation of the plan solicitation requirements of the
Bankruptcy Code or where there is evidence of bad faith acceptance
or rejection by a party. The Trustee avers that the Designation
Motion fails to satisfy either requirement and must be denied.

The Trustee's accomplishment of something the Debtors were unable
to do, a conditional resolution of disputes between major
parties-in-interest and the estates, which are contingent on court
approval and distribution of a disclosure statement, are not
grounds for vote designation.  According to the Ad Hoc Committee,
however, the mere fact that there are such settlements violates the
solicitation and good-faith requirement of Sections 1125 and 1126
of the Bankruptcy Code.  Both legally and factually, the Ad Hoc
Committee's argument is without merit, according to the Trustee.

The bankruptcy court ultimately found that the RSA Parties were
simply seeking to maximize their own recoveries, while at the same
time advancing the debtors' reorganization process. Critically, the
RSA parties had simply committed themselves to support a plan
conforming to the RSA --- after court approval of an appropriate
disclosure statement – rather than committing to a premature
plan.

A copy of the Trustee's Objection dated Oct. 10, 2019, is available
at https://tinyurl.com/y4lpgnpj from PacerMonitor.com at no
charge.

Matthew Cantor is represented by:

       WOLLMUTH MAHER & DEUTSCH LLP
       Paul R. DeFilippo
       James N. Lawlor
       51 JFK Parkway
       First Floor West
       Short Hills, New Jersey 07078

              - and -

       500 Fifth Avenue
       New York, New York 10110
       Tel: (212) 382-3300
       Fax: (212) 382-0050
       E-mail: pdefilippo@wmd-law.com
               jlawlor@wmd-law.com

                  About Princeton Alternative

Princeton Alternative Income Fund, LP, provides capital for
businesses that make consumer loans in the non-prime market.

Princeton Alternative Income Fund, LP and Princeton Alternative
Funding LLC, a fund management company, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No.
18-14603) on March 9, 2018. Judge Michael B. Kaplan oversees the
cases.  

In the petitions signed by John Cook, authorized representative,
PAIF estimated assets of $50 million to $100 million and
liabilities of $1 million to $10 million. PAF estimated assets of
less than $100,000 and liabilities of $1 million to $10 million.

Sills Cummis & Gross, P.C. is the Debtors' counsel. Liggett & Webb,
P.A., has been tapped to serve as accountant.

The Debtors tapped JAMS/Hon. Steven Rhodes to provide mediation
services.

Matthew Cantor was appointed as Chapter 11 trustee for the Debtors.
The Trustee tapped Wollmuth Maher & Deutsch LLP as his legal
counsel.

Attorneys for MicroBilt Corporation are Derek J. Baker, Esq., at
Reed Smith LLP, in Princeton, New Jersey.

Counsel for the Ad-Hoc Committee of Minority Shareholders is Ronald
S. Gellert, Esq., at Gellert Scali Busenkell & Brown, LLC, in
Wilmington, Delaware.


QUALITY REIMBURSEMENT: U.S. Trustee Forms 5-Member Committee
------------------------------------------------------------
The Office of the U.S. Trustee on Oct. 22, 2019, appointed five
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case of Quality Reimbursement Services, Inc.

The committee members are:

     (1) Ontash Systems Inc.
         c/o Aruchunan Vaseekaran, president
         370 W. Passaic St.
         Rochelle Park, NJ 07662-3009
         Phone: 201-233-3593
         Fax: 201-295-0642
         Email: vasee@ontash.net

     (2) Secure Defense
         c/o janahan Ramanathan
         705 Butternut Circle
         Blue Bell, PA 19422
         Phone: 610-585-3233

     (3) David Cohan
         22321 De Grasse Drive
         Calabasas, CA 91302
         Phone: 818-335-9776
         Email: David@Cohans.com



     (4) Levitt, Leichenger & Aberle, LLP
         c/o David B. Leichenger, Esq.
         8383 Wilshire Boulevard, Suite 970
         Beverly Hills, CA 90211
         : 323-655-1101
         Fax: 323-655-0525
         Email: David@LLAlawyers.com

     (5) Alvaro Gancman, President
         Eastpoint Corporation
         4624 Hayvenhurst Avenue
         Encino, CA 91436

Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

               About Quality Reimbursement Services

Quality Reimbursement Services, Inc. --
http://www.qualityreimbursement.com/-- has been reviewing Medicare
and Medicaid cost reports for more than twelve years. The Company's
corporate office is located in Arcadia (CA).  The Company also has
offices located in Birmingham (AL), Scottsdale (AZ), Los Angeles
(CA), Colorado Springs (CO), Jacksonville (FL), Chicago (IL),
Detroit and Shelby Township (MI), Guttenberg (NJ), Dallas/Fort
Worth (TX), and Spokane (WA).

Quality Reimbursement Services filed a voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal.
Case No. 19-20918) on Sept. 13, 2019.  In the petition signed by
James C. Ravindran, president/CEO, the Debtor estimated $1 million
to $10 million in assets and $10 million to $50 million in
liabilities.

Judge Julia W. Brand oversees the case.

Garrick A. Hollander, Esq., at Winthrop Couchot Golubow Hollander,
LLP, represents the Debtor as counsel.


R&F GROUP: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Lead Debtor: R&F Group, LLC
             620 Springbank Terr.
             Birmingham, AL 35242

Business Description: R&F Group, LLC and its subsidiaries are
                      privately held companies that operate in the
                      food service industry.

Chapter 11 Petition Date: October 23, 2019

Court: United States Bankruptcy Court
       Northern District of Alabama (Birmingham)

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

     Debtor                                       Case No.
     ------                                       --------
     R&F Group, LLC                               19-04357
     RFG Foley, LLC                               19-04358
     RFG Florida, LLC                             19-04361
     RFG Florida II, LLC                          19-04363
     RFG Florida III, LLC                         19-04364

Judge: Hon. D. Sims Crawford

Debtors' Counsel: Lee R. Benton, Esq.
                  BENTON & CENTENO, LLP
                  2019 Third Avenue North
                  Birmingham, AL 35203
                  Tel: 205-278-8000
                  Fax: 205-278-8008
                  E-mail: lbenton@bcattys.com

                    - and -

                  Samuel Stephens, Esq.
                  BENTON & CENTENO, LLP
                  2019 Third Avenue North
                  Birmingham, AL 35203
                  Tel: 205-278-8000
                  Fax: 205-776-8433
                  E-mail: sstephens@bcattys.com

R&F Group, LLC's
Estimated Assets: $0 to $50,000

R&F Group, LLC's
Estimated Liabilities: $1 million to $10 million

RFG Foley, LLC's
Estimated Assets: $0 to $50,000

RFG Foley, LLC's
Estimated Liabilities: $1 million to $10 million

RFG Florida, LLC's
Estimated Assets: $0 to $50,000

RFG Florida, LLC's
Estimated Liabilities: $1 million to $10 million

RFG Florida II, LLC's
Estimated Assets: $0 to $50,000

RFG Florida II, LLC's
Estimated Liabilities: $1 million to $10 million

RFG Florida III, LLC's
Estimated Assets: $0 to $50,000

RFG Florida III, LLC's
Estimated Liabilities: $1 million to $10 million

The petitions were signed by Colin Feather, managing member.

Full-text copies of the Debtors' lists of 20 largest unsecured
creditors are available for free at:

     http://bankrupt.com/misc/alnb19-04357_creditors.pdf
     http://bankrupt.com/misc/alnb19-04358_creditors.pdf
     http://bankrupt.com/misc/alnb19-04361_creditors.pdf
     http://bankrupt.com/misc/alnb19-04363_creditors.pdf
     http://bankrupt.com/misc/alnb19-04364_creditors.pdf

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

         http://bankrupt.com/misc/alnb19-04357.pdf
         http://bankrupt.com/misc/alnb19-04358.pdf
         http://bankrupt.com/misc/alnb19-04361.pdf
         http://bankrupt.com/misc/alnb19-04363.pdf
         http://bankrupt.com/misc/alnb19-04364.pdf


RAIT FUNDING: Unsecureds to Recover 100% in Liquidating Plan
------------------------------------------------------------
RAIT Funding, LLC, is proposing a Chapter 11 Plan that effectuates
an orderly liquidation of the Debtor's assets.

The Plan provides that all Holders of Allowed Administrative Claims
($6.3 million to $8.6 million), Allowed Priority Claims ($3,303),
Allowed Secured Tax Claims ($0), Allowed Senior Note Claims ($123.4
million), and Allowed General Unsecured Claims ($1.5 to $3.6
million) against the Debtors will be paid in full, in cash, up to
the allowed amount of their Claims.  Holders of Allowed Other
Secured Claims, if any, against the Debtors generally will retain
their Liens or receive the benefit of their collateral under the
Plan.  Holders of Interests will receive no distributions under the
Plan.

A full-text copy of the Disclosure Statement dated Oct. 14, 2019,
is available at https://tinyurl.com/y5ndftyf from PacerMonitor.com
at no charge.

                      About RAIT Funding

RAIT -- https://www.rait.com/ -- is an internally-managed real
estate investment trust focused on managing a portfolio of
commercial real estate loans and properties.

RAIT Funding, LLC and its affiliates, including RAIT Financial
Trust, sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 19-11915) on Aug. 30, 2019.  At the
time of the filing, the Debtors were estimated to have assets of
between $100 million and $500 million, and liabilities of the same
range.  

The cases are assigned to Judge Brendan Linehan Shannon.

The Debtors tapped Drinker Biddle & Reath LLP as bankruptcy
counsel; UBS Securities LLC as investment banker; M-III Partners
L.P. as restructuring and financial advisor; Ledgewood PC as tax
counsel; and Epiq Corporate Restructuring, LLC as claims and
noticing agent.


RITE AID: S&P Hikes Issuer Credit Rating to 'CCC+'; Outlook Stable
------------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on U.S.-based
drugstore retailer Rite Aid Corp. to 'CCC+' from 'SD' (selective
default). S&P's 'D' issue-level ratings on the company's unsecured
notes due 2027 and 2028 that are subject to additional repurchases
will remain unchanged until these offers are completed. Rite Aid's
capital structure is unsustainable in S&P's view.

The 'CCC+' rating reflects S&P's belief that Rite Aid's capital
structure is unsustainable because of its intensifying operating
headwinds and modest cash flows relative to its outstanding debt.
The stable outlook reflects the company's sufficient liquidity and
lack of near-term debt maturities, which S&P believes will provide
the company with at least 12 months to finalize and begin to
execute its turnaround plan. Pro forma for the debt
repurchases--including the company's plan to repurchase $100
million of additional debt--Rite Aid's total debt declined slightly
to $3.8 billion, which is an onerous level of leverage given its
expected free cash flows of about $125 million annually.

The stable outlook reflects S&P's expectation that Rite Aid's
turnaround efforts will take at least 12 months to materialize, at
which point the rating agency will have a better sense of the
potential for a near-term restructuring or a sustainable
improvement in the company's capital structure. S&P does not expect
the company to restructure its balance sheet obligations at less
than par for at least the next 12 months. S&P's base-case scenario
assumes Rite Aid will maintain sufficient liquidity and generate
modestly positive cash flows over the next 12 months despite the
rating agency's expectation for a slight decline in the company's
operating performance.

"We could lower our rating on Rite Aid if its turnaround strategy
does not appear to be gaining traction or if its operating
conditions worsen such that we see a restructuring as increasing
likely. We believe that any attempt to turnaround Rite Aid's
business and put it on a path to improved cash flow generation and
a sustainable capital structure would entail significant risk," S&P
said.

"We could raise our ratings on Rite Aid if it makes material
progress on its pending turnaround initiatives. Under this
scenario, we would expect the company to demonstrate a significant
and sustained improvement in its operating performance and cash
flows such that we gain increased confidence that it will be able
to refinance its debt maturities at par," the rating agency said.


RIVERBEND FOODS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Riverbend Foods LLC
        1080 River Avenue
        Pittsburgh, PA 15212

Business Description: Riverbend Foods LLC is engaged in the
                      business of fruit and vegetable preserving
                      and specialty food manufacturing.  The
                      Company offers baby food, soups, broths,
                      gravies, sauces, and cold brew coffee.

Chapter 11 Petition Date: October 22, 2019

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Pittsburgh)

Case No.: 19-24114

Judge: Hon. Gregory L. Taddonio

Debtor's
General
Bankruptcy
Counsel:          Frank J. Guadagnino, Esq.
                  MCGUIREWOODS, LLP
                  260 Forbes Avenue, Suite 1800
                  Pittsburgh, PA 15222
                  Tel: 412-667-7931
                  Fax: 412-667-6050
                  Email: fguadagnino@mcguirewoods.com

Debtor's
Restructuring
Advisor:          WINTER HARBOR LLC

Debtor's
Auctioneer:       REGAL EQUIPMENT INC.

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Dalton Edgecomb, chief restructuring
officer.

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

             http://bankrupt.com/misc/pawb19-24114.pdf

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Ball Corporation                 Trade Payable       $3,458,433
Dave Darvill
10 Longs Peak Drive
Broomfield, CO 80021
Tel: 303-460-3735
Email: ddarvill@ball.com

2. Tetra Pak Inc.                   Trade Payable       $1,683,054
Leo Pacyna
3300 Airport Road
Denton, TX 76207-2110
Tel: 940-565-8870
Email: leo.pacyna@tetrapac.com

3. PWSA                             Trade Payable         $688,208
Tracy Willy
PO Box 747055
Pittsburgh, PA 15274-7055
Tel: 412-255-2123
Email: twilly@pgh2o.com

4. Owens Illinois Inc.              Trade Payable         $476,141
Cedric Washington
One Michael Owens Way, Plaza 2
Perrysburg, OH 43551
Tel: 567-336-5000
Email: cedric.washington@o-i.com

5. Forsyth Advisors LLC             Trade Payable         $353,300
Jim Pratt
8000 Maryland Ave, Ste 1230
St. Louis, MO 63105
Tel: 314-662-2052
Email: jpratt@forsythadvisors.com

6. National Food Trading Corp.      Trade Payable         $321,279
David Rahal
53 South Broad Street
Ridgewood, NJ 07645
Tel: 201-825-6214
Email: david@nationalcortina.com

7. Philadelphia Macaroni Co         Trade Payable         $304,211
Fran Pickel
760 S. 11th St.
Philadelphia, PA 19147-2614
Tel: 215-923-3141
Email: fpickel@philamacaroni.com

8. Liberty Packing Co LLC           Trade Payable         $265,845
Megan Greer
DBA Morning Star Packing Co
12045 Ingomar Grade Rd
Los Banos, CA 93635
Tel: 209-826-8000
Email: mgreer@morningstarco.com

9. Cascade Fruit Marketing Inc.     Trade Payable         $249,378
Nick Angelo
30470 SW Parkway Ave Ste A
Wilsonville, OR 97070-7804
Tel: 503-570-2871
Email: nick@foodguys.com

10. John Bean Technologies Inc.     Trade Payable         $241,493
Beth Dowdy
2300 Industrial Drive
Madera, CA 93639
Tel: 599-661-3200
Email: beth.dowdy@jbtc.com

11. Direct Energy Business          Trade Payable         $230,393
Bryan Beverly
1001 Liberty Ave
Pittsburgh, PA 15222
Tel: 888-925-9115
Email: customerrelations@directenergy.com

12. Sun Pacific                     Trade Payable         $228,055
Dale Seal
990 W Allunial Ave, #105
Fresno, CA 93711
Tel: 559-269-3873
Email: ds@sunpacificprod.com

13. Tip Top Poultry Inc.            Trade Payable         $222,291
Ivy Leigh
327 Wallace Rd
Marietta, GA 30062
Tel: 800-241-5230
Email: Ivy.Leigh@tiptoppoultry.com

14. Mennel Milling Company          Trade Payable         $209,089
Heidi C. Long
1 West Front St
Logan, OH 43138
Tel: 740-385-6824
Email: hlong@mennel.com

15. Tides Commodity Trading Group   Trade Payable         $203,586
Calder Reardon
104 Avenue C
Newark, NJ 07114
Tel: 843-886-3596
Email: creardon@tidesenterprises.com

16. Silgan Closures LLC             Trade Payable         $195,732
Thomas Cupo
13074 Collection Center Drive
Chicago, IL 60693
Tel: 862-244-4107
Email: thomas.cupo@silganclosures.com

17. Johnstown Material Handling     Trade Payable         $193,959
Dino Tessari
2722 Bedford St
Johnstown, PA 15904
Tel: 814-266-3492
Email: dtessari@jmh-sales.com

18. Natural Dairy Products Corp.    Trade Payable         $181,472
Jay Totman
316 Markus CT
Newark, DE 19713-1151
Tel: 610-268-6962
Email: jayt@ndpc.net

19. Chemtreat Inc.                  Trade Payable         $163,981
Andrew Faulhaber
15045 Collections Center Dr
Chicago, IL 60693-0001
Tel: 804-935-2165
Email: andrewf@chemtreat.com

20. Marchant-Schmidt, Inc.          Trade Payable         $162,808
Thomas Flenz
24 West Larsen Dr
Fond Du Lac, WI 54935
Tel: 920-921-4760 x 105
Email: tflenz@marchantshmidt.com


RUBY'S DINER: Pillsbury Hits Low Recoveries, Wants Trustee
----------------------------------------------------------
Pillsbury Winthrop Shaw Pittman LLP ("Pillsbury") hereby filed an
objection to the First Amended Joint Disclosure Statement
Describing Amended Joint Chapter 11 Plan of Reorganization ("D.S.")
filed jointly by debtors Ruby's Diners, Inc., et al., and Ruby's
Franchise Systems, Inc.

Pillsbury points out that when Ruby's Quality Diners ("Quality"),
Ruby's Huntington Beach, Ltd., Ruby's SoCal Diners, LLC ("SoCal
Diners"), Ruby's Oceanside, Ltd., Ruby's Laguna Hills, Ltd. and
Ruby's Palm Springs, Ltd. filed bankruptcy on August 29, 2018, they
were solvent.  Mr. Cavanaugh said so in a declaration, where he
said all of these Debtors' creditors would be paid in full.  Mr.
Lobel also described these Debtors as solvent in one of the early
hearings in the case.  

But, the Joint Plan of Reorganization ("Plan") (Dkt. 437) proposed
for these Debtors provides for projected unsecured claim
distributions between 0% and 9%.  Pillsbury, which holds claims
against Ruby's Huntington Beach, SoCal Diners, Ruby's Oceanside and
Ruby's Palm Springs, will receive on average of 4.725%.  Not very
good for four solvent Debtors.   

In the Ruby's Diners, Inc. ("RDI") bankruptcy, Pillsbury will
receive 0% if the Court does not approve a settlement of RDI's
director and officer ("D&O") claims for $2.5 million.   

According to Pillsbury, there are two fundamental problems in this
case.  

   * The first is that the Debtors' insiders have relentlessly
pursued an agenda to retain ownership of the Debtors.  On August
30, 2018, they signed a Plan Support Agreement with Mr. Craig which
outlined the terms of the First Plan and this Plan.  They have
single-mindedly pursued a plan structure that gives them continuing
ownership in the Debtors.  They have done nothing to maximize the
benefit to creditors.   

   * The second problem is professional fees. It is shocking that
cases this simple with so little progress have cost an estimated
$5.77 million.  The professional fees are a problem, but they are
also a ramification of the Debtors' insiders' failure to perform
their fiduciary duties.  

Pillsbury notes that insiders have spent millions more in legal
fees than is reasonable pursuing their insider-oriented plans.
They continue to stick with Mr. Craig even though his funding for
this Plan has decreased by more than $900,000 from the Joint
Chapter 11 Plan of Reorganization (the "First Plan")proposed by the
Debtors in April.  The First Plan provided for full payment of the
unsecured creditors of Ruby's Huntington Beach, Ruby's Oceanside
and Ruby's Palm Springs (collectively, the "HOP Debtors").  RDI's
unsecured creditors would have received 25% under the First Plan.
In the five months since the First Plan was proposed, professional
fees have increased $1.9 million, Mr. Craig's contribution has gone
down, and the treatment of all unsecured creditors has suffered.
Months of expensive "negotiations" (the Debtors never negotiated
with Pillsbury) have only succeeded in protecting the insiders and
Mr. Craig. The D.S. has significant disclosure problems, and the
Plan is not confirmable.

Pillsbury believes it will fare better with the appointment of one
or more chapter 11 trustees.  Pillsbury respectfully requests that
the Court deny approval of the D.S. and appoint one or more Chapter
11 trustees for all of the Debtors.

                     About Ruby's Diner Inc.

Ruby's Diner, Inc. -- https://www.rubys.com/ -- is a restaurant
chain headquartered in Irvine, California. Founded by Doug
Cavanaugh and Ralph Kosmides in 1982, it also has locations in
California, Nevada, Arizona, Texas, Pennsylvania and New Jersey.

Ruby's Diner, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 18-13311) on Sept. 5,
2018.  In the petition signed by CEO Douglas S. Cavanaugh, the
Debtor estimated assets of $1 million to $10 million and
liabilities of $1 million to $10 million. Judge Catherine E. Bauer
oversees the case.  The Debtor tapped Pachulski Stang Ziehl & Jones
LLP as its legal counsel.



SARAI SERVICES: Sale of Real Property to Fund Plan Payments
-----------------------------------------------------------
According to its First Amended Disclosure Statement in support of
its Plan of Reorganization, Sarai Services Group, Inc., expects to
continue to timely pay its ordinary expenses until the liquidation
of its real property portfolio is complete.  As seen in the
Debtor's financial projections, the Debtor expects to remain
profitable for the term of its Plan.

Secured Claim CenterState Bank, N.A. of $3,943,520 (Class 1),
Secured Claim Lynda Hall, Tax Collector, in the amount of $34,010
(Class 2), Unsecured Priority Tax Claims IRS & ADOR of $416.50
(Class 3), and General Unsecured Claims amounting to $13,151 (Class
4) will be paid in full from the proceeds of the sale of real
property.

The Debtor's normal cash flow and proceeds from liquidating the
Debtor's real property will be the sole sources of funds for the
payments to creditors authorized by the U.S. Bankruptcy Court's
confirmation of the Plan.

A full-text copy of the First Amended Disclosure Statement dated
Oct. 14, 2019, is available at https://tinyurl.com/yxqg3lob from
PacerMonitor.com at no charge.

                  About Sarai Services Group

Sarai Services Group, Inc., together with its subsidiaries, is a
privately-held company in Huntsville, Alabama, that specializes in
logistics, program management and information technology.

Sarai Services Group, SSGWWJV LLC, Sarai Investment Corporation and
CM Holdings, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ala. Case Nos. 18-82948 to 18-82951)
on Oct. 3, 2018.  In the petitions signed by CEO James Mitchell,
each Debtor estimated assets of $1 million to $10 million and
liabilities of the same range.  Judge Clifton R. Jessup Jr.
oversees the cases.  Sparkman, Shepard & Morris, P.C., is the
Debtor's counsel.


SIGMA DESIGNS: Provides Update on Dissolution Process
-----------------------------------------------------
Sigma Designs, Inc. (R) on Oct. 14, 2019, provided an update to its
dissolution process that it previously announced on Jan. 23, 2018.
Sigma continues to work through its plan of dissolution approved by
its shareholders and currently estimates making a final
distribution of its remaining cash to shareholders in the first
quarter of calendar 2020.

Sigma has been working to wind down all of its operations and
resolve all outstanding creditor claims.  The extended period of
time of the dissolution process has been primarily attributed to
winding down certain foreign subsidiaries in Europe and Asia, which
has taken longer than originally anticipated.

The Company's common stock continues trading on the OTC Pink
marketplace, however, there can be no assurance that any
broker-dealer will make, or continue to make, a market in the
Company's common stock.

Future Distribution

Following the winding down of all international subsidiaries and
remaining operations in the U.S., the Company intends to make a
final distribution to shareholders.  The Company previously made an
initial distribution of approximately $240 million to shareholders
in 2018.

As of September 30, 2019, the Company held approximately $12
million in cash and cash equivalents. After payment of its
currently anticipated remaining wind-down expenses, the Company
currently estimates its final aggregate distribution to
shareholders will be between $8 million and $11 million, or between
$0.20 and $0.27 per share.  The Company intends to dissolve
promptly following its final distribution to shareholders.

The timing and amount, if any, of this final distribution and the
completion of the Company's dissolution process will be dependent
upon a number of factors, including, but not limited to, claims
made by vendors, customers, or other parties, the Company's ability
to defend and settle those claims, final tax amounts for the
Company and its various subsidiaries, wind down expenses, and the
establishment of any necessary reserve amounts in connection with
the final dissolution.

Operations Update

The Company also announced that its Interim Chief Executive Officer
and Chief Financial Officer, Elias Nader, has accepted a new chief
financial officer position with Pixelworks, Inc.  As a result, Mr.
Nader will become a consultant to Sigma and will continue to
perform the same duties that he was performing prior to accepting
his new position.  As Sigma continues to wind down its business,
consisting of primarily waiting for certain tax clearance and other
strike-off certificates in foreign jurisdictions, the daily time
commitment necessary to implement the remaining process is very
limited.  Mr. Nader will also continue to serve on the Sigma Board
of Directors.

Sigma Designs, Inc. (R) (OTCQB: SIGM) --
http://www.sigmadesigns.com/-- is a global integrated
system-on-chip ("SoC") solutions provider offering intelligent
platforms for use in a variety of home entertainment and home and
industrial control appliances.  The company is based in Fremont,
California.


SIT-CO LLC: $2.3M Sale of All Assets to Watch Communications Okayed
-------------------------------------------------------------------
Judge Andrea K. McCord of the U.S. Bankruptcy Court for the
Southern District of Indiana authorized Sit-Co, LLC's sale of
substantially all assets to Watch Communications for $2,266,884,
pursuant to their Asset Purchase Agreement, dated as of June 7,
2019.

The Sale Hearing was held on Oct. 16, 2019.

The sale is free and clear of all Interests, with all such
Interests of any kind or nature whatsoever, including, without
limitation, those Interests of Northpoint Commercial Credit, LLC,
to attach to the net proceeds of the Sale.

The Debtor has authority to pay and is directed to pay all cure
amounts due and owing on the assumed contracts unless a lesser
amount has been agreed to in writing by the parties to the lease or
executory contract with a copy of such written agreement provided
to Purchaser.

On the Closing Date, the sum of $1.325 million from the purchase
price will be paid to Northpoint Commercial Credit, LLC in complete
release and satisfaction of Northpoint Commercial Credit, LLC's
liens on the Sale Assets of the Debtor.

As provided by Federal Rules of Bankruptcy Procedure 6004(h), the
Sale Order will not be stayed for 14 days after the entry of the
Sale Order and will be effective and enforceable immediately upon
entry of the Sale Order.

                       About Sit-Co, LLC

Sit-Co, LLC, is a multifaceted company providing solutions for
businesses.  Since 2004, the company has built a wireless network
covering eight counties in Southern Indiana. In 2008, the company
built a state of the art data center offering co-location, private
cloud, disaster recovery, and data backup services. In 2010, the
company deployed a business VOIP system providing phone service in
22 states. Its latest venture is the construction of Enterprise and
FTTH networks throughout the tri-state area.

Sit-Co filed a Chapter 11 petition (Bankr. S.D. Ind. Case No.
19-70172) on Feb. 14, 2019. In the petition signed by Thomas D.
Kolb, member, the Debtor estimated up to $50,000 in assets and $1
million to $10 million in liabilities.  The case is assigned to
Judge Basil H. Lorch III.  Sandra D. Freeburger, Esq., at Deitz,
Shields & Freeburger, LLP, is the Debtor's counsel.


SOUTH COAST BEHAVIORAL: PCO Files 2nd Interim Report
----------------------------------------------------
Tamar Terzian, duly appointed Patient Care Ombudsman for South
Coast Behavioral Health, filed a 2nd Interim Report for the period
of August 1, 2019 through September 1, 2019.

The PCO made the following observations during her visit with her
consultant Todd Major:

1. 3151 Airway Avenue P3 and N1, Costa Mesa, CA: Discussion and
interview with Dr. Mcphail.

Some files are stored in the administrative office of Dr. Mcphail
with his wife Dr. Nicole Poliquin, who is listed as the Director of
the Debtor. All areas are clean, well-supplied and affords secure
and appropriate interactions with patients. On the date of
observation there were no patients or services provided in this
location. The PCO will continue to monitor and is available to
respond to any concerns or questions of the Court or interested
party.

The PCO assured that all HIPAA regulations are followed and release
forms are signed by the patient. The PCO with her consultant
reviewed the intake forms at random for certain patients to assure
that the forms are completed and documented in client file. The PCO
also requested information of the process of how the patients are
discharged after treatment is complete.

The PCO also reviewed certain human resource files that indicated
some files were missing the required information under California
Department of Health. The incident reports needs to be thorough and
address what preventative measures will be taken by the Debtor in
the future.

Therefore, the Patient Care Ombudsman finds that all care provided
to the patients by the Debtor is at the minimum of standard of care
set by the Joint Commission. The PCO will continue to monitor and
is available to respond to any concerns or questions of the Court
or interested party

A full-text copy of PCO 2nd Interim Report is available at
https://tinyurl.com/y55gwf2a from PacerMonitor.com at no charge.
  
PCO can be reached at:

Tamar Terzian, Esq.
Terzian Law Group,
A Professional Corporation
1122 E. Green Street
Pasadena, CA 91106
Telephone: (818) 242-1100
Facsimile: (818) 242-1012
Email: tamar@terzlaw.com

           About South Coast Behavioral Health

South Coast Behavioral Health, Inc. -- https://www.scbh.com/ -- is
a healthcare company that specializes in the in-patient and
outpatient treatment of addicts, alcoholics, and persons dealing
with mental health issues.  It offers a clinically supervised
residential sub acute detox services, therapeutic and residential
treatment centers, intensive outpatient treatment services, and
partial hospitalization programs.

South Coast Behavioral Health sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. C.D. Cal. Case No. 19-12375) on June
20, 2019.  At the time of the filing, the Debtor disclosed assets
of between $1 million and $10 million and liabilities of the same
range.  The case is assigned to Judge Mark S. Wallace.  Nicastro &
Associates, P.C., is the Debtor's legal counsel.


SOUTH COAST BEHAVIORAL: PCO Files 3rd Interim Report
----------------------------------------------------
Tamar Terzian, duly appointed Patient Care Ombudsman for South
Coast Behavioral Health, submitted the 3rd Interim Report for the
period of September 1, 2019 through October 1, 2019.

The PCO made the following observations during her visit with her
consultant Todd Major:

1. 3151 Airway Avenue P3 and N1, Costa Mesa, CA: Discussion and
interview with Dr. Mcphail.

   a. some files are stored in the administrative office of Dr.
Mcphail with his wife Dr. Nicole Poliquin, who is listed as the
Director of the Debtor. All areas are clean, well-supplied and
affords secure and appropriate interactions with patients. On the
date of observation there were no patients or services provided in
this location.

   b. staffing consisted of one administrative clerk for intake and
the HR Department with a total of six employees.

   c. licenses of certain staff need to be current and trained for
CPR certification.

   d. CLIA license is current.

   e. the location will be used for outpatient building for mental
health.

   f. medical records are stored at this location of past seven
years and are also stored electronically.

2. 559 Pierpoint Drive, Costa Mesa, CA: Discussion and interview
with Amanda Schofield.

   a. the Center is relatively medium sized with three bedrooms,
two baths, kitchen, and living room, and dining area. All areas are
clean, well-supplied and affords secure and appropriate
interactions with patients.

   b. average daily patient census 6 patients per day.

   c. staffing, includes two treatment technicians and one health
care technician.

   d. licenses of staff posted and current.

   e. CLIA (Clinical Laboratory Improvement Amendment) license is
current.

   f. supplies are appropriately labeled and stored.

   g. medication (multi-dose) appropriately dated.

3. 1958 Baleric Drive, Costa Mesa, CA (Dolphin): Discussion and
interview with Amanda Schofield.

   a. the Center is relatively medium sized with four bedrooms, two
bath, kitchen, family room and living room, and dining area. The
location is licensed for both male and female with a total
occupancy of six patients. This license is held under the name of
South Coast Behavioral Health Guesthouse, Inc.

   b. average daily patient census 4-5 patients per day.

   c. staffing, includes two treatment technicians and one health
care technician.

   d. CLIA license is current.

   e. supplies are appropriately labeled and stored.

   f. medication (multi-dose) appropriately dated.

4. 275 Wilson Street, Costa Mesa, CA (Wilson): Discussion and
interview with Amanda Schofield.

   a. the Center is relatively medium sized with three bedrooms,
two baths, kitchen, and living room, and dining area. It is a
residential only location mostly male with four patients and is
licensed for six.

   b. average daily patient census 6 patients per day.

   c. CLIA license is current.

   d. staffing, includes two treatment technicians per shift.

   e. licenses of staff posted and current.

   f. supplies are appropriately labeled and stored.

   g. medication (multi-dose) appropriately dated.

5. 1068 San Pablo Circle: Discussion and interview with Amanda
Schofield.

   a. The Facility is relatively medium sized with four bedrooms,
two baths, kitchen, family room, living room, and dining area. The
residential facility is closed and the Debtor anticipates that the
facility will be open in January 2020.

6. 5302 Kenilworth Huntington Beach, CA (Gemini): Discussion and
interview with Amanda Schofield.

   a. the Facility is relatively fairly large sized with four
bedrooms, three baths, kitchen, family room, living room, and
dining area. The residential facility is now currently open as of
9/10/19.

   b. average daily patient census 3 patients per day.

   c. staffing, includes one treatment technicians and one health
care technician.

   d. CLIA license is current.

   e. supplies are appropriately labeled and stored.

   f. medication appropriately dated.

7. Six Banyan Tree, (Banyan): Discussion and interview with Amanda
Schofield.

   a. the Facility is relatively medium sized with four bedrooms,
two baths, kitchen, and living room, and dining area. This
residential facility continues to remain closed until the licensing
is permitted by the State.

   b. will be used for only mental health, with six beds. They will
detox if they have substance abuse prior to determining mental
health.

   c. considering hiring a different doctor other staff in
preparation of opening this facility. The staffing model will
likely include one licensed or registered  therapist and directive
care staff for every 2.5 patients. This will be a PHP and IOP
mental health care.

   d. application for the community care license has been submitted
with the Department of Health.

8. 2220 University Drive, Costa Mesa, CA: Discussion and interview
with Amanda Schofield and Dr. McPhail.

   a. the Facility is a commercial building and consists of a
two-story space which has various meeting rooms and large common
areas. Patients check in with front reception and have PHP and IOP
meetings. This location has 50-60 patients and operated Monday
through Friday from 8:00 a.m.-9:00 p.m.

   b. the case managers, therapists and operational staff at this
location.

   c. no physical medical records at this location other than the
electronic medical records with a licensed LMFT therapist handled 7
to 10 cases.

   d. staff that has case management with two staff members.

The Debtor is working on incidental report training, medical
necessity training, and a monthly training with google classroom
for the treatment technicians and clinical staff. The Initial Joint
Commission review within 30 days from November.

Therefore, the Patient Care Ombudsman finds that all care provided
to the patients by the Debtor is at the minimum of standard of care
set by the Joint Commission.

The PCO will continue to monitor and is available to respond to any
concerns or questions of the Court or interested party.

A full-text copy of PCO 3rd Interim Report is available at
https://tinyurl.com/y364mjfg from PacerMonitor.com at no charge.

PCO can be reached at:

Tamar Terzian, Esq.
Terzian Law Group,
A Professional Corporation
1122 E. Green Street
Pasadena, CA 91106
Telephone: (818) 242-1100
Facsimile: (818) 242-1012
Email: tamar@terzlaw.com Patient Care Ombudsman

           About South Coast Behavioral Health

South Coast Behavioral Health, Inc. -- https://www.scbh.com/ -- is
a healthcare company that specializes in the in-patient and
outpatient treatment of addicts, alcoholics, and persons dealing
with mental health issues.  It offers a clinically supervised
residential sub acute detox services, therapeutic and residential
treatment centers, intensive outpatient treatment services, and
partial hospitalization programs.

South Coast Behavioral Health sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. C.D. Cal. Case No. 19-12375) on June
20, 2019.  At the time of the filing, the Debtor disclosed assets
of between $1 million and $10 million and liabilities of the same
range.  The case is assigned to Judge Mark S. Wallace.  Nicastro &
Associates, P.C., is the Debtor's legal counsel.


STEPHANIE N. MAPP: Court Confirms Plan of Liquidation
-----------------------------------------------------
Following a hearing on Oct. 10, 2019, Judge Jerry Funk of the U.S.
Bankruptcy Court for the Middle District of Florida approved the
Combined Disclosure Statement and Chapter 11 Plan of Liquidation of
debtor Stephanie N. Mapp, D.M.D., P.A.

The Court granted final approval of the Disclosure Statement and
confirmation of the Plan.

The Plan Confirmation Order also approved a stipulation with
respect to the treatment of Class 1 general unsecured claims.

On the Distribution Date, DCS Dental,American Express and Bellsouth
will receive a pro-rata distribution of all funds held in the
Debtor-In-Possession bank accounts after payment of  all
administrative and priority claims.  No priority claims have been
scheduled and no  proofs of claim have been filed alleging a
priority claim.  Estimated administrative expenses consist of
Debtor's attorney fees of $15,000.00 and United States Trustee fees
of $650 to $975.  Fidelity Bank will not receive any distribution
from this lump sum payout.  

Additionally, the Liquidating Agent will collect on the $70,000
note, only for the benefit of Class 1 creditors.  Within 10 days of
collection of the $70,000 note, the Liquidating Agent  will
distribute 50% of the proceeds, including principal and accumulated
interest, directly  to Fidelity Bank, or its successor, and the
remaining 50% of the proceeds, including principal and accumulated
interest,on a pro rata basis to all creditors, including Fidelity
Bank.

Copies of the Plan Confirmation Order and confirmed Plan are
available at https://tinyurl.com/y64dblxu from PacerMonitor.com
free of charge.

                    About Stephanie N. Mapp

Stephanie N. Mapp, D.M.D., P.A., a dental practice located in
Fleming Island, Florida, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-bk-03612) on Oct. 15,
2018. At the time of the filing, the Debtor was estimated to have
assets of less than $500,000 and liabilities of less than $1
million.  Judge Paul M. Glenn oversees the case.  The Debtor tapped
The Law Offices of Jason A. Burgess, LLC, as its legal counsel.


STILL HOPES: Fitch Affirms BB Rating on 2017/2018A Bonds
--------------------------------------------------------
Fitch Ratings affirmed the 'BB' rating assigned to the following
South Carolina Jobs-Economic Development Authority bonds issued on
behalf of South Carolina Episcopal Home at Still Hopes (Still
Hopes):

  -- $39,240,000 Residential Care Facilities revenue bonds (South
Carolina Episcopal Home at Still Hopes) series 2017;

  -- $67,150,000 Residential Care Facilities revenue and revenue
refunding bonds (South Carolina Episcopal Home at Still Hopes)
series 2018A.

The Rating Outlook is Stable.

SECURITY

Both the series 2017 and 2018A bonds are secured by a gross revenue
pledge and a mortgage on the community and debt service reserve
fund.

KEY RATING DRIVERS

Capital Projects Progressing Well: Still Hopes completed
construction on its healthcare expansion project (HealthPointe) in
February 2019. The project added 22 assisted living units (ALUs)
and increased the skilled nursing bed count to 48 from 40.
Residents moved into the new facility in March 2019. The new ALUs
have successfully filled and have averaged 89.8% occupancy (since
opening through June 2019) and reached 100% occupancy in August
2019. The skilled nursing beds averaged 87.3% for long-term care
and 89.1% for rehab for the first three quarters of fiscal 2019.
Construction for Still Hopes' independent living unit (ILU)
expansion project (WellPointe) remains on time and on budget, and
pre-sales remain robust at 95% as of Oct. 13, 2019.

Consistent Demand: ILU occupancy averaged 88.6% over the last three
quarters, which is good especially when considering that there were
14 resident transfers to the new assisted living apartments and
skilled nursing rooms on campus. Memory care occupancy was very
robust at 100% over the same period.

Adequate Financial Profile: Still Hopes has produced consistent
operating metrics that have averaged a 97.9% operating ratio and
20.7% net operating margin - adjusted (NOMA) since fiscal 2015,
which is favorable to Fitch's 'BB' category medians of 100.7% and
19.4%. Profitability was weaker in fiscal 2019 due to a combination
of lower than expected ILU and home care revenues as well as higher
than budgeted expenses related to the opening of the HealthPointe
project building, called Greenway. At June 30, 2019, Still Hopes
had $22.7 million in unrestricted cash and investments, which is in
line with Fitch's expectations since its last review.

Very Elevated Long-Term Liability Profile: Still Hopes' maximum
annual debt service (MADS) of $6.7 million equates to an elevated
24.3% of annualized nine month fiscal 2019 (Sept. 30 year end)
revenues. In addition, Still Hopes' debt to net available as of
June 30, 2019 shows a very high 15.5x. Both of these metrics should
improve in the upcoming year as expenses and occupancy stabilize at
Greenway. Also, the ILU expansion revenues should provide good
revenue growth in fiscal 2021 and further moderate the community's
debt burden.

Asymmetric Risk Factors: There are no asymmetric risk
considerations affecting the rating determination.

RATING SENSITIVITIES

Operating Stability: The rating anticipates consistent operating
performance and maintenance of unrestricted cash and investments
throughout the construction and fill-up of new ILU expansion units.
An inability to maintain stable operations or liquidity could
pressure the rating.

Project Execution: Any significant project execution issues such as
construction delays, cost overruns, slow fill up of the new units,
or service disruptions that negatively impacts Still Hopes'
operating and financial profile could put negative pressure on the
rating. Upward rating movement is not likely during the outlook
period, but Fitch would view successful project completion and pay
down of the short term debt as positive rating factors.

CREDIT PROFILE

Still Hopes is a South Carolina nonprofit corporation organized in
1975 that owns and operates a single site, Type 'C' life plan
community located in West Columbia, SC. The organization also
provides home care services to residents on campus as well as
individuals and families in Lexington and Richland counties. Still
Hopes is the only member of the obligated group. At June 30, 2019,
Still Hopes had 189 ILUs, 24 dementia ALUs, 22 ALUs and 70 skilled
nursing beds. Total revenues in fiscal 2018 were $26.3 million.

Capital Projects

In December 2016, Still Hopes began implementing a two-phased
expansion of the community's facilities and services. The first
phase, HealthPointe, was a project that constructed the Greenway
building, which is a two- and three-story building over a level of
parking that contains 22 ALUs, 48 private skilled nursing units
that replaced 40 existing skilled nursing beds. The Greenway
building was expected to open in January 2019, but move-ins
occurred later than expected as skilled nursing residents started
moving in on March 2, 2019 and the assisted living residents began
moving in on March 11, 2019. Though the opening was delayed, the
new ALUs filled quickly and averaged 89.8% occupancy since opening
(through June 2019) and reached 100% occupancy in August 2019.
Current residents of the previous skilled nursing facility (SNF)
were transferred to Greenway.

The second phase of the expansion, WellPointe, commenced after the
HealthPointe project completed as the previous skilled nursing
facility needed be removed to make room for the site of the new
WellPointe building, called Hopewell. The Hopewell building, once
completed, will consist of an additional 80 ILUs above parking as
well as new dining, exercise and leisure spaces. Still Hopes began
accepting deposits for Hopewell ILUs in December 2016 and despite
some cancellations, presales remain strong at 95% as of Oct. 13,
2019.

Consistently Good Demand

Still Hopes has shown consistently good demand across the continuum
of care, which is attributed to its quality of services,
longstanding operating history and favorable reputation. Over the
last four fiscal years, Still Hopes' occupancy has averaged 95% in
ILUs, 90% in its dementia ALUs and 96% in its SNF units. The
community maintains its competitive positioning in the market by
providing consistently updated ILUs at a variety of sizes and price
points as well as a high level of attractive amenities. ILU
occupancy was weaker than average through the first three quarters
of fiscal 2019 due to 14 resident transfers to the new assisted
living apartments and skilled nursing rooms on campus and
additional maintenance work to get the vacant ILUs prepared for
reoccupancy. The six ILU reservations as of June 30, 2019, should
bring ILU census closer to historical levels. Furthermore, Still
Hopes maintains a 97-person waitlist that should help to fill
remaining vacant units and keep ILU occupancy high.

The memory care units on campus maintained very strong occupancy at
100% for the quarter ended June 30, 2019. SNF occupancy was weaker
in the interim period at 88% overall due to the addition of 8
long-term care beds in the HealthPointe project and competition
from other local providers. Fitch notes that Still Hopes' reliance
on Medicare revenues from post-acute care short-term services (83%
of admits to the SNF in 2018) is a risk. Management is working to
create and strengthen partnerships with local healthcare providers
to ensure SNF occupancy and profitability remain strong.

Adequate Operating Performance

The community's historically strong operating performance has been
supported primarily by revenues from ILUs and the SNF, which made
up 33.5% and 33.7% of the community's total net revenues through
the nine month interim period. Profitability was weaker through the
interim period as the operating ratio of 106.6% and net operating
margin - adjusted (NOMA) of 16% were below the 97.9% operating
ratio and 20.7% NOMA average over the last four fiscal years.

Weaker profitability was the result of multiple factors including
higher than budgeted Greenway staffing expenses, delayed opening of
Greenway and lower ILU and home care revenues following transfers
to the new facility. Additional transfers provided extra
opportunity for new ILU entrance fees and net entrance fees of $3.8
million through the nine month interim period were ahead of the
$3.5 million in net entrance fees in fiscal 2019. Fitch anticipates
that if management is able to produce strong and stable occupancy
in the SNF (given the quick fill-up of the new ALUs), the resulting
revenue from the Greenway facility should be accretive to Still
Hopes' financial performance in fiscal 2020.

Weak but Adequate Liquidity

At June 30, 2019, Still Hopes' $24.7 million in unrestricted cash
and investments equated to 349 days cash on hand, 22.7% cash to
debt and 3.7x cushion ratio. The current level of liquidity remains
on track with Fitch's expectations. Construction for the WellPointe
project is on time and on budget, which is favorable, but the
potential for delays or some cost overruns remain as construction
is anticipated to complete in March 2021.

Still Hopes will be drawing down on funds up to $23 million in
temporary bank debt to fund construction for the WellPointe
project. The bank debt is expected to be paid down from initial
entrance fees, which are estimated at approximately $34 million-$35
million. Once ILU occupancy is stabilized, Still Hopes' liquidity
and leverage position should improve significantly as the new
project revenues come online, temporary debt is paid off and new
ILU entrance fees help strengthen the balance sheet. However, a
slow fill-up of the WellPointe project would likely stress Still
Hopes' liquidity position and could negatively pressure the rating.


TATUNG COMPANY: U.S. Trustee Forms 3-Member Committee
-----------------------------------------------------
The Office of the U.S. Trustee on Oct. 22 appointed three creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 case of Tatung Company of America, Inc.

The committee members are:

     (1) Hemlock Semiconductor Operations, LLC
         Attn: Brad Suave
         12334 Geddes Road
         Hemlock, MI 48626
         Phone: (989) 301-5000
         Fax: (989) 642-3712
         E-mail: brad.sauve@hscpoly.com

         Counsel: Orrick, Herrington & Sutcliffe, LLP
         51 W. 52nd Street
         New York, NY 10019
         Phone: (212) 506-5000
         Fax: (212) 506-5151
         E-mail: jansbro@orrick.com
                lmetzger@orrick.com
                alee@orrick.com
                jhermann@orrick.com

     (2) Acrox Technologies Co. Ltd.
         4F Minshan St. Neihu Dist.,
         Taipei City, 114 Taiwan, R.O.C.
         Phone: +886227965888
         Fax: +886227938999
         E-mail: jason@acrox.comtw

         Counsel: Kevin H.C. Cheng
         4F Minshan St. Neihu Dist.,
         Taipei City, 114 Taiwan, R.O.C.
         Phone: +886225111398 ext. 7027
         Fax: +886225218398
         E-mail: kevin@wtwet.comtv

     (3) Fabrique LTD
         28 School Street
         Branford, CT 06405
         Phone: (203) 481-5400
         Fax: (203) 483-0123
         E-mail: ffsears@fabriqueusa.com
   
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                 About Tatung Company of America
        
Tatung Company of America, Inc., distributes technology products
for computers and electronics original equipment manufacturers.
The Company manufactures personal computer monitors, home
appliances, point-of-sale equipment, air conditioners, coolers, and
purifiers.

Tatung Company of America sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 19-21521) on Sept. 30,
2019.  In the petition signed by CRO Jason Chen, the Debtor was
estimated to have assets ranging between $10 million to $50 million
and liabilities of the same range.  Judge Neil W. Bason is assigned
to the case.  Levene, Neale, Bender, Yoo & Brill L.L.P serves as
the Debtor's counsel.


TENET HEALTHCARE: Fitch Affirms B LT IDR, Outlook Positive
----------------------------------------------------------
Fitch Ratings affirmed Tenet Healthcare Corp.'s Long-Term Issuer
Default Rating at 'B'. The ratings apply to approximately $15.1
billion of debt. The Rating Outlook is Positive.

KEY RATING DRIVERS

Hospital Segment Drives Operating Outlook: Tenet is one of the
largest for-profit operators of acute care hospitals in the U.S.
and is a leading operator of ambulatory surgery centers (ASCs)
through its ownership of United Surgical Partners International
(USPI). USPI provides a favorable offset to Fitch's expectation for
flat to declining inpatient hospital volumes; however, Tenet's
hospital operations segment contributes about 80% and 55% of
consolidated revenues and EBITDA, respectively, making the segment
the main driver of the company's results.

Operational Improvements Gain Traction: In addition to
industry-wide secular headwinds to volumes of lower acuity hospital
patients, Tenet has been hampered by company-specific issues in its
hospital segment in recent years. Following changes in senior
management, these issues are now being addressed, and have led to
improved operating margins. An upgrade of the Long-Term IDR to 'B+'
will depend on continued incremental gains in operating margins and
FCF generation over the next one-to-two years, and is reflected in
the Positive Rating Outlook.

Sustainably Lower Leverage: At June 30, 2019, Fitch calculates
leverage (total debt/EBITDA after associate and minority dividends)
of 6.7x. This is up from a year ago, when leverage was at 6.3x, but
is improved from the same period in 2017 when leverage stood at
7.5x. The decline in leverage was driven by growth in EBITDA and
the open market repurchase of a small amount of outstanding debt.
Fitch expects leverage could decline to about 6.0x by YE 2020 due
to growth in EBITDA and will drop further if the company applies
any portion of improved FCF generation to debt reduction.

Profitability Green-Shoots: Growth in Tenet's EBITDA margin is
being supported by the combined effects of better organic volume
growth in the hospital segment, a cost restructuring program, and
the divestiture of lower margin hospitals. Tenet's operating EBITDA
margin expanded by 120 bps in the LTM period ended June 30, 2019 to
13.3% versus 12.1% in 2018. This is partly due to an operational
restructuring program that removed a layer of management at the
regional hospital level and is expected to result in annual run
rate savings of $450 million upon full implementation. Even after
this recent improvement, Tenet's profitability continues to lag its
closet industry peers, HCA Healthcare Inc. and Universal Health
Services Inc., which supports Fitch's view that sustainably higher
margins for Tenet are achievable.

Better Patient Volume Trends in 2019: For several years, Tenet's
same hospital volume performance was spotty, but has improved
during the first half of 2019. The company posted 5.7% organic
growth in same hospital revenue, with volume and pricing
contributing 2.2% and 3.4%, respectively, in the most recent
quarter. In 2014-2015, the company outperformed the broader
for-profit hospital industry on some volume measures before
performance took a step back in 2016-2018. In addition to company
specific issues in some of its hospital markets, Tenet's results
reflect the headwinds to volumes of lower acuity hospital patients
facing the entire industry. Patients and health insurers are
pushing to move into lower cost and more convenient outpatient
settings, and technology is increasingly enabling this shift.

Outpatient Investment Strategy Sound: These headwinds to lower
acuity hospital patient volumes are ongoing and unlikely to abate,
and Tenet and other hospital companies have responded by investing
in outpatient settings. In addition to operating a large number of
ASCs through USPI, Tenet's hospital segment includes other
outpatient facilities like imaging centers, satellite emergency
departments (EDs) and freestanding urgent care centers. Exposure to
outpatient segments may increase the economic cyclicality of
Tenet's and other hospital company's operating results over the
long term, but on balance these investments provide a beneficial
offset to Fitch's expectation for flat to declining inpatient
hospital volumes.

Strategic Review Spurs Action: Tenet's profitability and FCF
generation have also been hampered by company specific issues,
including a bloated cost structure, a highly leveraged balance
sheet, as well as operational issues in some hospital markets and
service lines that have pressured volumes and margins. In addition
to the cost restructuring initiative, a strategic review partly
spurred by shareholder pressure resulted in Tenet announcing a
series of divestitures in the hospital operations segment, targeted
service line closures, and a spin-off of the Conifer Health
Solutions business planned for 2021.

The cost cutting and portfolio pruning initiatives have positive
implications for the credit profile. For example, Tenet divested
its remaining hospitals in Chicago, a market where the company
struggled with poor operating performance in recent years. The
influence of the divestiture of Conifer is less clear since it will
depend on the terms of the transaction and how proceeds are used,
which the company has not yet determined. However, the deleveraging
underpinning the Positive Outlook does not assume a divestment of
Conifer as a catalyst for a meaningful change in leverage, and
Fitch does not believe the loss of business diversification will be
a headwind to the credit profile in and of itself.

DERIVATION SUMMARY

Tenet's 'B' Long-Term IDR reflects the company's highly leveraged
balance sheet, largely as a result of debt funded acquisitions.
Tenet's leverage is higher than that of the closest hospital
industry peers: HCA Healthcare Inc. (HCA; BB/Stable) and Universal
Health Services Inc. (UHS; BB+/Stable). Tenet's operating and FCF
margins also lag these industry peers; however, Tenet has recently
made some progress in closing the gap through cost cutting measures
and the divestiture of lower margin hospitals. Tenet has a stronger
operating profile than lower rated peers Community Health Systems
(CHS; CCC) and Quorum Healthcare Corp. Like HCA and UHS, Tenet's
operations are primarily located in urban or large suburban markets
that have relatively favorable organic growth prospects.

KEY ASSUMPTIONS

Fitch's key assumptions within its rating case for the issuer
include:

  -- Top-line growth of approximately 0.4% in 2019 and 3.5%
thereafter; this assumes about 3% organic growth in the hospital
operations segment and 4.5% growth in the ambulatory care segment
while Conifer declines 9.5% in 2019 and improves by 1% thereafter
(Conifer's revenues will drop in 2019 due to the divestiture of
customer hospitals);

  -- Operating EBITDA margin (Fitch's EBITDA calculation excludes
income from affiliates) of 13.9% in 2019 and expanding slightly
through the forecast period due to the divestiture of the lower
margin hospitals, growth of the higher margin ambulatory segment's
share of EBITDA and the effects of the cost restructuring program;

  -- Capital intensity of 3.7% through 2022;

  -- FCF (CFO less capital expenditures and dividends to associates
and minorities) of about $330 million in 2019, slightly below 2%
margin, and 2020-2022 FCF margin of 2%-3%;

  -- Total debt/EBITDA after dividends to associates and minorities
declines to about 5.5x by 2022 due to EBITDA growth and FCF used to
repay a small amount of debt.

  -- The assumptions do not incorporate a divestiture or spin off
of Conifer.

RATING SENSITIVITIES

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

  -- An expectation of gross debt/EBITDA after associate and
minority dividends sustained below 5.5x, and adjusted debt/EBITDAR
after associate and minority dividends sustained below 6.0x;

  -- FCF margin sustained above 2%;

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

  -- Gross debt/EBITDA after associate and minority dividends
sustained above 7.0x, and adjusted debt/EBITDAR after associate and
minority dividends sustained above 7.5x;

  -- Consistently break-even to negative FCF margin.

LIQUIDITY AND DEBT STRUCTURE

Improving Liquidity Profile: At June 30, 2019, liquidity was
provided by $249 million of cash on hand and $808 million of
availability on the $1 billion asset-based lending (ABL) revolver.
The ABL capacity was subsequently increased by $500 million to $1.5
billion, and the maturity date was extended to Sept. 2024. Tenet's
debt agreements do not include financial maintenance covenants
aside from a 1.5x fixed-charge coverage ratio test in the bank
agreement that is only in effect during a liquidity event, defined
as whenever available ABL capacity is less than $100 million. LTM
June 30, 2019 EBITDA/interest paid equaled 2.4x. During 3Q19, Tenet
refinanced $4.2 billion of first lien secured notes maturing in
2020 and 2021, making the next significant maturities $2.8 billion
of unsecured notes maturing in April 2022 and $1.9 billion of
unsecured notes maturing in June 2023.

Debt Notching Considerations: The 'BB'/'RR1' and 'BB-'/'RR2'
ratings for Tenet's ABL facility and the senior secured first-lien
notes reflect Fitch's expectation of recovery for the ABL facility
in the 91% to 100% range and recovery for the first-lien secured
notes in the 71% to 90% range under a bankruptcy scenario. The
'B'/'RR4' rating on the senior secured second-lien notes and senior
unsecured notes reflect Fitch's expectations of recovery of
outstanding principal in the 31% to 50% range.

Fitch estimates an enterprise value (EV) on a going concern basis
of $9 billion for Tenet, after a deduction of 10% for
administrative claims. The EV assumption is based on post
reorganization EBITDA after dividends to associates and minorities
of $1.4 billion and a 7x multiple.

The post-reorganization EBITDA estimate is approximately 40% lower
than Fitch's 2019 forecasted EBITDA for Tenet and considers the
attributes of the acute care hospital sector and includes the
following: a high proportion of revenue (30%-40%) generated by
government payors, exposing hospital companies to unforeseen
regulatory changes; the legal obligation of hospital providers to
treat uninsured patients, resulting in a high financial burden for
uncompensated care, and the highly regulated nature of the hospital
industry. During the early part of the past decade, Tenet's EBITDA
dropped by more than half as a result of an operational
restructuring to correct business practices in violation of
Medicare standards.

There is a dearth of bankruptcy history in the acute care hospital
segment. In lieu of data on bankruptcy emergence multiples in the
sector, the 7x multiple employed for Tenet reflects a history of
acquisition multiples for large acute care hospital companies with
similar business profiles as Tenet in the range of 7x-10x since
2006 and trading multiples (EV/EBITDA) of Tenet's peer group (HCA,
UHS, LifePoint Health and CHS), which have fluctuated between
approximately 6.5x and 9.5x since 2011.

Based on the definitions of Tenet's secured debt agreements, Fitch
believes that the group of operating subsidiaries that guarantee
the secured debt excludes any non-wholly owned and non-domestic
subsidiaries, and therefore, does not encompass part of the value
of the Conifer and ambulatory care segments. While the collateral
for the secured debt does include the equity owned by the parent in
these subsidiaries, Tenet's financial disclosures do not provide
supplemental financial statements breaking down the guarantor
versus non-guarantor value. Therefore, while some of the value of
the non-guarantor subsidiaries could be captured by the secured
lenders ahead of the unsecured lenders in bankruptcy, it is
difficult to estimate that amount.

The hospital operations segment contributes about 55% of
consolidated EBITDA, and Fitch uses this value as a proxy to
determine the rough value of the secured debt collateral of $4.8
billion. Fitch assumes this amount is completely consumed by the
ABL facility and the first-lien lenders, leaving $4.2 billion of
residual value to be distributed on a pro rata basis to the
remaining $2.8 billion of first-lien claims and the second-lien
secured and unsecured claims.

The ABL facility is assumed to be fully recovered before the other
secured debt in the capital structure. The ABL facility is secured
by a first-priority lien on the patient accounts receivable of all
the borrower's wholly owned hospital subsidiaries, while the first-
and second-lien secured notes are secured by the capital stock of
the operating subsidiaries, making the notes structurally
subordinate to the ABL facility with respect to the accounts
receivable collateral. Fitch assumes that Tenet would draw the full
amount available on the $1.5 billion ABL facility in a bankruptcy
scenario, and includes that amount in the claims waterfall.


TEXAS PELLETS: Completes Sale of Assets to Graanul Invest for $63M
------------------------------------------------------------------
Configure Partners, LLC, a leading middle market investment bank,
on Oct. 21, 2019, announced the successful completion of the sale
of the operating assets of Texas Pellets, Inc. and German Pellets
Texas, LLC (collectively, "Texas Pellets"), a wood biomass pellet
manufacturer.  Graanul Invest, one of the largest pellet producers
in Europe, acquired the assets for $63 million cash plus additional
consideration for working capital assets and assumed liabilities.
The final price represented a nearly 50% increase from the stalking
horse bid.  The auction was held on May 9th, 2019 and the
transaction closed on June 18th, 2019.

Configure served as Investment Banker to Texas Pellets in the sale
of substantially all of its assets pursuant to Section 363 of the
U.S. Bankruptcy Code.  Configure assisted Texas Pellets in the
evaluation of its strategic alternatives and provided detailed
advice and recommendations around key considerations of the sale
process. Given the unique situation, Configure approached a broad
universe of financial investors as well as a variety of potential
strategic investors in the biomass industry.

Texas Pellets operated a 500,000 metric ton nameplate manufacturing
facility in Woodville, Texas and a pellet storage facility and
shipping terminal in Port Arthur, Texas, otherwise known as "POPA."
The company was an affiliate of German Pellets GmbH and related
companies.

Texas Pellets filed Chapter 11 Bankruptcy in 2016, however, while
operating in Chapter 11, the company suffered two major casualty
events.  In early 2017, the company experienced a fire on its ship
loader and then in late spring 2017, a fire broke out inside one of
the company's storage silos, eventually causing the silo to
collapse.  Over much of the next two years, Texas Pellets was
engaged in rebuilding POPA into a leading storage and ship loading
facility that incorporated the latest developments in operations
and safety.

"Configure played a critical part in what was a very difficult set
of circumstances.  The Configure team consistently demonstrated
their expertise in distressed M&A transactions, and they were
always willing to roll up their sleeves and get deep into the
details providing extremely valuable assistance to the Company
throughout this process," said Chip Cummins, CRO of Texas Pellets.

"Executing challenging sale processes such as Texas Pellets is a
hallmark of Configure's business.  The two fires, the resulting
reconstruction process and other issues that arose along the way
were significant items that needed to be expertly explained and
properly positioned to potential buyers in order to elicit the
price that was achieved", explained Jay Jacquin, a Managing
Director at Configure.

                     About Configure Partners

Configure Partners -- http://www.configurepartners.com-- is a
preeminent credit-oriented middle market advisory boutique firm
with offices in Atlanta and New York City.  Configure provides
investment banking and financial advisory services surrounding
credit and creditor's rights, providing actionable advice and
results-oriented execution.  Configure's Debt Advisory practice
designs bespoke financing solutions for borrowers to support
leveraged buyouts, acquisitions, refinancings, and dividend recaps,
among other strategic objectives.  The firm's Credit Resolutions
practice is the trusted advisor to lenders and their borrowers when
confronting business, liquidity, or capital structure challenges.
In 2018, the firm executed transactions representing more than $1.4
billion in value, including GST Autoleather, Cloyes Gear &
Products, Welcov Healthcare, Masterwork Electronics, and German
Pellets Texas as well as several other non-public transactions.

                       About Texas Pellets

Texas Pellets, Inc., based in Woodville, Texas, filed a Chapter 11
petition (Bankr. E.D. Tex. Case No. 16-90126) on April 30, 2016.
The petition was signed by Anna Katherin Leibold, president and
chief executive officer.

German Pellets Texas, LLC, also based in Woodville, Texas, filed a
Chapter 11 petition (Bankr. E.D. Tex. Case No. 16-90127) on April
30, 2016.  The petition was signed by Peter H. Leibold, its chief
executive officer.  

The cases have been jointly administered under Texas Pellets' case.
Judge Bill Parker presides over the cases.

The Debtors employ William Steven Bryant, Esq., at Locke Lord LLP
as their legal counsel; Searcy & Searcy, P.C. as local/conflicts
co-counsel; and Guggenheim Securities, LLC as investment banker.
Bryan M. Gaston, and the firm Opportune, LLP, serve as the Debtors'
Chief Restructuring Officer.

No Chapter 11 trustee or examiner has been appointed in these
Bankruptcy Cases.  An official committee of unsecured creditors was
appointed on May 17, 2016.


TIGER OAK MEDIA: U.S. Trustee Forms 4-Member Committee
------------------------------------------------------
The U.S. Trustee for Region 12 on Oct. 22, 2019, appointed four
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case of Tiger Oak Media, Inc.

The committee members are:

     (1) Quad
         N61 W23044 Harry's Way   
         Sussex, WI 53089            
         Contact Person: Juan R. Mostek   
         Phone: 414-566-211     
         Email: jrmostek@quad.com

     (2) The Law Offices of Alex W. Craigie     
         791 Via Manana   
         Santa Barbara, CA 93108        
         Contact Person: Alex W. Craigie       
         Phone: 323-652-9451      
         Email: alex@craigielawfirm.com

     (3) Buehler Communications, Inc.     
         897 Zeligman Street, Unit A  
         Crested Butte, CO 81224         
         Contact Person: Beth Buehler            
         Phone: 970-901-6970       
         Email: bethbuehler4@gmail.com

     (4) Northwest Harvest             
         P.O. Box 12272       
         Seattle, WA 98102
         Contact Person: James D. Gibbs      
         Phone: 206-940-6096   
         Email: jamesg@northwestharvest.org
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                About Tiger Oak Media Incorporated

Tiger Oak Media, Incorporated, is a regional and national publisher
of books, magazines, media and events that appeal to targeted
audiences.  Tiger Oak Media sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Minn. Case No. 19-43029) on Oct. 7,
2019.  In the petition signed by its chief executive officer, Craig
Bednar, the Debtor disclosed assets of less than $50,000 and
liabilities of less than $10 million.  The Hon. Michael E. Ridgway
is the case judge.  The Debtor is represented by Steven Nosek,
Esq., and Yvonne Doose, Esq.


TOWER PARK: Hughes Parties' Motion to Enforce Plan Denied
---------------------------------------------------------
On Oct. 2,  2019, the Bankruptcy Court considered the Emergency
Motion by lenders for an  Order Including Legal and Equitable
Remedies, (1) In Aid of Consummation of the Tower Park Plan and
Confirmation Order; and (2) to Show Cause Why This Court Should Not
Impose Sanctions Against Tower Park Properties, LLC, Secured
Capital Partners, LLC, Victor Franco Noval, and Ronald Richards.
The lenders who filed the motion were Hughes Investment
Partnership, LLP, MH  Holdings II  H, LLC, MH  Land Holdings I-A,
LLC, MH Land  Holdings I-B, LLC, MH Land Holdings  I-C, LLC, and MH
Land Holdings I-D, LLC (collectively, the "Lenders").  For reasons
stated at the hearing, the Motion is denied, according to Judge
Barry Russell's Oct. 17, 2019 order.

                  About Tower Park Properties LLC

A group of creditors filed an involuntary Chapter 7 petition
against Tower Park Properties (Bankr. C.D. Calif. Case No.19-16278)
on May 30, 2019. The petitioning creditors are represented by David
B. Golubchik, Esq., at Levene, Neale, Bender, Yoo & Brill LLP.

On June 21, 2019, the bankruptcy court approved a stipulation
between Tower Park Properties and the petitioning creditors to
convert the case to one under Chapter 11. The case is assigned to
Judge Barry Russell.


UNIVERSAL HEALTH: Fitch Affirms BB+ LT IDR, Outlook Stable
----------------------------------------------------------
Fitch Ratings affirmed Universal Health Services, Inc.'s ratings,
including the Long-Term Issuer Default Rating at 'BB+' and senior
secured debt ratings at 'BBB-'/'RR1'. The Rating Outlook is
Stable.

KEY RATING DRIVERS

Sustainably Low Debt Leverage: Fitch expects UHS will operate with
gross debt/EBITDA after net distributions to associates and
minorities in the low 2x range through the ratings horizon with
ample cushion to sustain below 3x. Leverage (gross debt/EBITDA) was
2.2x at June 30, 2019, the lowest among Fitch-rated hospital
companies, driven by management's relatively more conservative
balance sheet management and M&A strategy. Management acknowledged
on the 2Q'19 earnings call that the current leverage profile is low
and it could go higher.

Diversification, Stability from Behavioral Health: UHS operates
acute care hospitals and a behavioral health segment, which
provides increased revenue diversification, as well as improved
financial stability and profitability. Good organic growth in the
mid-single-digits and stable profit margins are expected over the
ratings horizon as the behavioral segment continues to benefit from
improving parity between payors' coverage of care relative to the
general acute segment. Recent acquisitions are in line with Fitch's
expectation that opportunities to expand the behavioral health
segment will be a primary focus of capital deployment.

Dynamic Operating Environment Within Acute Care: Fitch expects the
operating environment for UHS and its peers will continue to soften
as volumes shift toward lower-cost outpatient facilities and
ACA-related volume tailwinds subside. Hospital industry management
teams are contending with a very dynamic operating environment due
to the evolution of payment schemes, developing trends around care
coordination and other regulatory reforms influencing organic
operating trends. Fitch expects these headwinds will result in a
decelerating albeit still positive operating environment for UHS's
acute care segment.

Fitch assumes UHS will continue to outperform its peers, in terms
of both volumes and commercial pricing due in large part to its
strong market shares in favorable urban markets where volumes tend
to be weighted toward a higher-acuity patient mix. However, UHS's
markets may exhibit more economic cyclicality over time due to the
services-oriented employment markets in Las Vegas and Southern
California.

Solid Cash Flows Support Financial Flexibility: Fitch expects FCF
will sustain between $675 million and $700 million per year through
2020 before adjusting for the Department of Justice (DOJ)
settlement. These levels compare to $630 million for the TTM ended
June 30, 2019 and up from $520 million for the TTM ended June 30,
2018.

DERIVATION SUMMARY

UHS's 'BB+' IDR reflects the company's strong financial profile
resulting from low leverage, ample liquidity and strong operating
margins. The company's operating profile is strong with operations
focused in urban and large suburban markets, which have better
organic growth prospects than rural and suburban markets. UHS's
markets may exhibit more economic cyclicality than others. UHS is
also diversified in its revenue stream, with 50% of revenues coming
from its inpatient behavioral health segment. UHS's operating
position and low leverage are the primary factors that distinguish
its ratings from lower rated peers such as Tenet Healthcare Corp.
(B/Positive) and Community Health Systems (CCC). UHS is rated a
notch above HCA, Inc., which Fitch views as having a strong
competitive position and market leading access to capital offset by
higher leverage.

Fitch has applied its Parent and Rating Subsidiary linkage criteria
assuming that the operating subsidiaries that own the assets and
generate the net operating income are stronger than the parent
entity which owns and controls them and is the debt issuing entity.
The linkage reflects strong legal and operational ties.

KEY ASSUMPTIONS

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

  -- Revenue growth in the mid-single-digits, with acute care
modestly outperforming behavioral health despite the dynamic
operating environment.

  -- Stable to modestly declining operating EBITDA margins assuming
continued labor pressures particularly in the behavioral segment.

  -- The majority of discretionary FCF directed towards share
repurchases and acquisitions, resulting in gross debt/EBITDA around
2.0x-2.5x through the forecast period.

RATING SENSITIVITIES

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

  -- An upgrade of UHS's IDR to 'BBB-' is unlikely in the near to
intermediate term, as Fitch views the risks around reimbursement
and other regulatory factors associated with healthcare providers
in the U.S. - and UHS's reliance on government payers - as a
material and uncontrollable risk for UHS and its peers going
forward.

  -- Furthermore, UHS's current ratings and credit metrics provide
the firm with flexibility to participate in the consolidation of
the healthcare provider space, which Fitch expects to continue
through the intermediate term. Positive momentum would also likely
require a more specific financial policy.

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

  -- A downgrade of UHS's IDR to 'BB' could result from pressured
margins and cash flows - or a large, leveraging transaction that
results in debt leverage (total debt to operating EBITDA after net
distributions to minorities and associates) expected to be
sustained above 3x and/or FCF-to-gross adjusted debt below 8%.

  -- Margin and cash flow pressures of this magnitude are not
likely to occur abruptly, but could materialize due to severe
pricing pressures or unfavorable large-scale reform of Medicare
and/or Medicaid programs.

LIQUIDITY AND DEBT STRUCTURE

Sufficient Liquidity: UHS has significant liquidity with more than
$850 million of availability under the revolving credit facility, a
forecasted $550 million-$700 million per year of FCF (after the DOJ
settlement) and $61 million of cash on hand at June 30, 2019. UHS
also maintains a $450 million accounts receivable securitization
facility that is largely utilized. Fitch excludes the accounts
(A/R) receivable securitization from liquidity calculations but
notes its role in working capital management qualitatively. UHS
typically uses its revolver and A/R facility to fund working
capital and other operational needs, more recently refinancing
outstanding amounts with longer-dated debt.

Cash Directed Toward Deals and Shareholder Returns: As
consolidation continues among healthcare providers, Fitch expects
UHS will continue to direct FCF towards growth and shareholder
returns, although the company's actions have still been more
conservative than most of its peers. Fitch expects acquisitions
would be tuck-ins that expand acute care portfolio within existing
markets or expand behavioral care settings into new markets. UHS
indicated that it may increase capital deployed to shareholder
returns on the 2Q'19 earnings call.


VALUEPART INC: Withdraws Motion vs. PNC Bank
--------------------------------------------
Reorganized Debtor ValuePart Incorporated on Oct. 10, 2019,
withdrew its emergency motion to enforce plan confirmation order
and allow disputed funds to be paid into the registry.

On Sept. 29, 2017, the Court entered its Order Confirming Second
Amended Plan of Reorganization for ValuePart.  Under the terms of
the Plan and Confirmation Order, the Court approved VPI's proposed
exit credit facility with PNC Bank, N.A. ("PNC").

On March 26, 2019, PNC asserted a claim against VPI in amount of
less than $100,000.  On March 27, 2019, PNC terminated the loan
agreement and asserted a prepayment payment of $500,000.

VPI needs financing to continue to operate its business.  So VPI
has found financing to replace PNC.  That replacement lender is
prepared to fund VPI's operations on a go-forward basis and lend
VPI the money to pay the disputed prepayment penalty claimed by
PNC.  But that replacement lender requires PNC to execute
termination statements for its UCC-1s filed against VPI assets
before that replacement lender will fund to VPI.  Despite payment
in full of the Disputed Prepayment Penalty, PNC will not execute
termination statements for its UCC-1s until VPI also agrees to
execute a full release of all claims and causes of action against
PNC.

In the April 16, 2019 Motion to Enforce, VPI requested  authority
from the Court to file the Termination Statements on PNC's behalf
upon (a) PNC's receipt of the Disputed Prepayment Penalty or (b)
payment by VPI or its refinanced lender of the Disputed Prepayment
Penalty into the Court's registry.

On Oct. 10, 2019, VPI said it is withdrawing the Motion to Enforce
in its entirety and for all purposes, without prejudice.

The Reorganized Debtor is represented by:

      Marcus A. Helt
      Thomas C. Scannell
      FOLEY & LARDNER LLP
      2021 McKinney Avenue, Suite 1600
      Dallas, TX 75201
      Telephone: (214) 999-3000
      Facsimile: (214) 999-4667
      E-mail: mhelt@foley.com

                       About ValuePart

ValuePart is a Chicago-based distributor of aftermarket replacement
parts for off-highway earth-moving equipment manufacturers like
Caterpillar, Case, Komatsu, Deere, International, Bobcat and
Hitachi, along with many others. At the time of the bankruptcy
filing, the Debtor operated from eight locations in Illinois,
Texas, Nevada, Washington, Ohio, Georgia, Vancouver and Toronto,
and employed approximately 70 employees. Although headquartered in
Vernon Hills, Illinois, the Debtor's largest distribution center is
located in Dallas, Texas.

ValuePart, Incorporated, filed a Chapter 11 petition (Bankr. N.D.
Tex. Case No. 16-34169) on Oct. 27, 2016. In the petition signed by
Isa Passini, vice president, the Debtor estimated assets and
liabilities at $10 million to $50 million.

The case is assigned to Judge Harlin DeWayne Hale.  

The Debtor is represented by Marcus Alan Helt, Esq., Mark C. Moore,
Esq., and Thomas C. Scannell, Esq., at Gardere Wynne Sewell LLP.  

The Debtor hired CR3 Partners, LLC, as restructuring advisor;
Upshot Services LLC as claims and noticing agent; Hogg Shain &
Scheck, PC, as Canadian accounting advisor; Nixon Peabody LLP as
special counsel; FocalPoint Securities LLC as investment banker;
Tax Advisors Group, Inc., as property tax consultant; Plante &
Moran, PLLC, as tax advisor; and Hogg Shain & Scheck, PC, as
Canadian accounting advisor.

On Nov. 30, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. The committee hired Kane
Russell Coleman & Logan PC as its legal counsel, and Lain Faulkner
& Co., P.C., as its financial advisor.



YOURELO YOUR: Case Summary & 7 Unsecured Creditors
--------------------------------------------------
Debtor: Yourelo Your Full-Service Relocation Corporation
           d/b/a Gentle Movers
        585 North Shore Road
        Revere, MA 02151

Business Description: Yourelo Your Full-Service Relocation
                      Corporation is a real estate lessor based in

                      Revere, Massachusetts.

Chapter 11 Petition Date: October 23, 2019

Court: United States Bankruptcy Court
       District of Massachusetts (Boston)

Case No.: 19-13602

Judge: Hon. Christopher J. Panos

Debtor's Counsel: Michael J. Goldberg, Esq.
                  CASNER & EDWARDS, LLP
                  303 Congress Street
                  Boston, MA 02210
                  Tel: (617) 426-5900
                  Fax: (617) 426-8810
                  E-mail: goldberg@casneredwards.com

                    - and -

                  David Koha, Esq.
                  CASNER & EDWARDS, LLP
                  303 Congress Street
                  Boston, MA 02210
                  Tel: 617-426-5900
                  Fax: 617-426-8810
                  E-mail: koha@casneredwards.com

Estimated Assets: $1 million to $10 million

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

The petition was signed by Umida Yusupova, president.

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

         http://bankrupt.com/misc/mab19-13602.pdf


[^] BOOK REVIEW: Mentor X
-------------------------
Mentor X
The Life-Changing Power of Extraordinary Mentors

Author:  Stephanie Wickouski
Publisher:  Beard Books
Hard cover: 156 pages
ISBN: 978-1-58798-700-7
List Price:  $24.75

Long-time bankruptcy lawyer Stephanie Wickouski at Bryan Cave
Leighton Paisner impressively tackles a soft problem of modern
professionals in an era of hard data and scientific intervention in
her third published book entitled Mentor X. In an age where
employee productivity is measured by artificial intelligence and
resumes are pre-screened by computers, Stephanie Wickouski adds
spirit and humanity to the professional journey.

The title is disarmingly deceptive and book browsers could be
excused for assuming this work is just another in a long line of
homogeneous efforts on mentorship. Don't be fooled; Mentor X is
practical, articulate and lively. Most refreshingly, the book
acknowledges the most important element of human development: our
intuition.

Mrs. Wickouski starts by describing what a mentor is and
distinguishes that role from a teacher, coach, role model, buddy,
or boss. Younger professionals may be skeptical of the need for a
mentor, but Mrs. Wickouski deftly disabuses that notion by relating
how a mentor may do nothing less than change the course of a
protege's life. Newbies to this genre need little convincing
afterwards.

One of the book's worthiest contributions is a definition of mentor
that will surprise most readers. Mentors are not teachers, the
latter of which impart practical knowledge. Instead, according to
Mrs. Wickouski, her mentors "showed me secrets that I could learn
nowhere else. They showed me how doors are opened. They showed me
how to be an agent of change and advance innovative and
controversial ideas." What ambitious professional doesn't want more
of that in their life?

The practicality of the book continues as Mrs. Wickouski outlines
the qualities to look for in a mentor and classifies the various
types of mentors, including bold mentors, charismatic mentors, cold
and distant mentors, dissolute mentors, personally bonded mentors,
younger mentors, and unexpected mentors. Mentor X includes charts
and workbooks which aid the reader in getting the most out of a
mentor relationship. In a later chapter, Mrs. Wickouski provides an
enormously helpful suggestion about adopting a mentor: keep an open
mind. Often, mentors will come in packages that differ from our
expectations. They may be outside of our profession, younger, less
educated, etc. . . but the world works in mysterious ways and Mrs
Wickouski encourages readers to think about mentors broadly.

In this modern era of heightened workplace ethics, Mrs. Wickouski
articulates the dark side of mentors. She warns about "dementors"
and "tormentors" -- false mentors providing dubious and sometimes
self destructive advice, and those who abuse a mentor relationship
to further self-interested, malign ends, respectively. She
describes other mentor dysfunctions, namely boundary-crossing,
rivalry, corruption, and a few others. When a mentor manifests such
behaviors, Mrs. Wickouski counsels it's time to end the
relationship.

Mrs. Wickouski tells readers how to discern when the mentor
relationship is changing and when it is effectively over. Those
changes can be precipitated by romantic boundaries crossed,
emergence of rivalrous sentiment, or encouragement of unethical
behavior or corruption. Mrs. Wickouski aptly notes that once
insidious energies emerge, the mentorship is effectively over.

At this point, certain readers may say to themselves, "Okay, I've
got it. Now I can move on." Or, "My workplace has a formal
mentorship program. I don't need this book anymore." Or even,
"Can't modern technology handle my mentor needs, a Tinder of
mentorship, so to speak?"

Mrs. Wickouski refutes that notion. She analyzes how many mentoring
programs miss the mark. In one of the best passages in the book,
Mrs. Wickouski writes, "Assigning or brokering mentors negates the
most critical components of a true mentor–protege relationship:
the individual process of self-awareness which leads a person to
recognize another individual who will give the advice singularly
needed. That very process is undermined by having a mentor assigned
or by going to a mentoring party." She does not just criticize; she
offers a solution with three valuable tips for choosing the right
mentor and five qualities to ascertain a true mentor in the
unlimited sea of possibilities.

Next, Mrs. Wickouski distinguishes between good advice and bad
advice. She punctuates that discussion with many relevant and
relatable examples that are easy to read and colorfully enjoyable.
This section includes interviews with proteges who have had
successful mentorships. The punchline: in the best mentorships, the
parties harmoniously share personal beliefs and values. Also
important, the protege draws inspiration and motivation from the
mentor. The book winds down as usefully as it started: Mrs.
Wickouski interviews proteges, asking them what they would have
done differently with their mentors if they could turn back the
clock. A common thread seems to be that the proteges would have
gone deeper with their mentors -- they would have asked more
questions, spent more time, delved into their mentors' thinking in
greater depth.

The book wraps up lightly by sharing useful and practical
suggestions for maintenance of the mentor relationship. She answers
questions such as, "Do I invite my mentor to my wedding?" and "Who
pays for lunch?"

Mentor X is an enjoyable read and a useful book for any
professional in any industry at, frankly, any point in time.
Advanced individuals will learn much from the other side, i.e., how
to be more effective mentors. Mrs. Wickouski does a wonderful job
of encouraging use of that all-knowing aspect of human existence
which never fails us: proper use of our intuition.

Stephanie Wickouski is widely regarded as an innovator and
strategic advisor. A nationally recognized lawyer, she has been
named as one of the 12 Outstanding Restructuring Lawyers in the US
by Turnarounds & Workouts and as one of US News' Best Lawyers in
America. She is the author of two other books: Indenture Trustee
Bankruptcy Powers & Duties, an essential guide to the legal role of
the bond trustee, and Bankruptcy Crimes, an authoritative resource
on bankruptcy fraud. She also writes the Corporate Restructuring
blog.

This book may be ordered by calling 888-563-4573 or by visiting
www.beardbooks.com or through your favorite Internet or local
bookseller.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2019.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

                   *** End of Transmission ***