/raid1/www/Hosts/bankrupt/TCR_Public/191225.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, December 25, 2019, Vol. 23, No. 358

                            Headlines

2265 ENTERPRISE: Jan. 16 Hearing Kiko Auction of Twinsburg Property
461 7TH AVENUE: Disclosure Statement Hrg. Moved to Jan. 8
AAC HOLDINGS: Steven Lebowitz Reports 8.9% Stake as of Dec. 23
ABSOLUT FACILITIES: Hires ProNexus LLC as Interim CFO
APERGY CORP: Moody's Reviews Ba3 CFR for Upgrade

CHARIOTS OF HIRE: Unsecureds to Get 100% Over 5 Years
CLARK ATLANTA: Moody's Hikes Issuer Rating to Ba2, Outlook Stable
CLOVER TECHNOLOGIES: Gibson, Pachulski Represent Term Lender Group
COTTONE MARKETING: Plan Outline OK'd, Jan. 29 Confirmation Hrg Set
DAVE GIDDEON: IRS Objects to Plan & Disclosure Statement

DAVE GIDDEON: Three Rivers Says Plan Not Feasible
DAVE GIDDEON: Wants Plan & Disclosure Hearing Reset to Jan. 7
DPW HOLDINGS: Ault & Company is Acquiring 19.9% Equity Stake
DUCOMMUN INC: Moody's Affirms B2 CFR & Alters Outlook to Negative
FLEETSTAR LLC: Unsecureds get Prorata Share of Plan Assets

FRONTIER COMMUNICATIONS: ICS Opportunities Reports 6.9% Stake
FULL X TECH: Unsecureds to Have 11.1% Recovery Under Plan
GREENWAY SERVICES: Caterpillar Says Plan Patently Unconfirmable
GREENWAY SERVICES: US Trustee Questions Financial Condition
GROWCO INC: Jan. 29 Hearing on Disclosure Statement Set

HARVEST PLASMA: $52K Sale of Equipment to Dighe Approved
HERITAGE HOTEL: Ping Pong Objects to Plan Disclosures
HOSPITAL ACQUISITION: Unsecureds Get Nothing in Liquidating Plan
JIT INDUSTRIES: Plan Has Distribution for Unsecured Creditors
K3D PROPERTY: Case Summary & 20 Largest Unsecured Creditors

LICK INDUSTRIES: Sale & Contribution to Fund Plan Payments
LITTLE GUYS: Employment of Auctioneer for Personal Property Okayed
MABVAX THERAPEUTICS: Unsecureds to Recover 3% Under Plan
MANNKIND CORP: Agrees to Amend Warrants Issued to CVI Investments
MDIG OF WASHINGTON: Case Summary & Unsecured Creditors

MIDWAY OILFIELD: Has Committee-Backed Liquidating Plan
NSPIRE HEALTH: Jan. 8 Hearing on Disclosure Statement Set
ORCHARD HILLS: Plan Budget & Liquidation Analysis Filed
OWENS & MINOR: Moody's Lowers CFR to B3, Outlook Negative
PRECISION HOTEL: Seeks to Hire Soldnow LLC as Auctioneer

RP BROADCASTING: Trustee's $475K Sale of Idaho Radio Stations OK'd
STRAIGHT UP ENTERPRISES: Court Confirms Amended Plan
TALLGRASS ENERGY: Moody's Reviews Ba2 CFR for Downgrade
TOD C. TURNER: $5M Sale of Two Waterfront Lots to Lake Forest OK'd
ULTRA PETROLEUM: Fitch Affirms CCC LT Issuer Default Ratings

UNIQUE TOOL: $29.5K Sale of 4 Pieces of Machinery to Tecumseh OK'd
UNIQUE TOOL: $35K Sale of Machinery to Kim Kool Approved
UNIT CORPORATION: Receives Noncompliance Notice from NYSE
VALERITAS HOLDINGS: Armistice Capital Has 9.9% Stake as of Dec. 20
VALERITAS HOLDINGS: Chief Financial Officer Erick Lucera Resigns

WALDEN PALMS: $47K Sale of Orlando Condo Unit 15 to Dyla Approved
WEEKLEY HOMES: Moody's Upgrades CFR to B1, Outlook Stable

                            *********

2265 ENTERPRISE: Jan. 16 Hearing Kiko Auction of Twinsburg Property
-------------------------------------------------------------------
Judge Alan M. Koschik of the U.S. Bankruptcy Court for the Northern
District of Ohio set the evidentiary hearing for Jan. 16, 2020 at
9:30 a.m. on 2265 Enterprise East, LLC's proposed retention of Kiko
Co. to conduct an auction sale of its real estate commonly known as
2265 East Enterprise Parkway, Twinsburg, Ohio.

The Court held a hearing on the Sale Motion and creditor Keystone
Real Estate Lending Fund LP's Motion to Dismiss Case, or
Alternatively for Relief from Stay on Nov. 26, 2019.

All discovery in the matter will be completed no later than Jan. 3,
2020.  Furthermore, without need for further request, each party
will provide to the other the results of any appraisal such party
obtains regarding the Debtor’s real estate, as well as the
identity and curriculum vitae of the appraiser(s).

No later than Jan. 7, 2020, counsel will jointly file with the
Court a list of all facts and legal conclusions that are not in
dispute in the contested matter and to which the parties stipulate,
including any exhibits the parties agree are authentic.

No later than Jan. 10, 2020, counsel will file with the Court and
exchange with each other a list of all witnesses they intend to
call at the evidentiary hearing.

No later than Jan. 10, 2020, the counsel are to exchange with each
other all documents they intend to introduce into evidence at
trial.  The Creditor's exhibits will be marked "Keystone Exhibits"
and identified by letters, and the Debtor's exhibits will be marked
"Debtor's Exhibits" and identified by numbers.

No later than Jan. 10, 2020, the counsel will exchange with each
other and submit to Chambers via email to
AMK-FFCL@ohnb.uscourts.gov their proposed findings of fact and
conclusions of law.  The counsel will cite to all relevant legal
authority in support of their proposed legal conclusions.

No later than Jan. 14, 2020, at 4:00 p.m., each counsel will
provide one copy to the Clerk's Office and two copies to Chambers
of their respective set of trial exhibits, in binders, tabbed and
clearly identified.     

Unless the Motion to Dismiss and the Sale Motion are both
previously reported to the Court as resolved, the evidentiary
hearing on both motions will begin on Jan. 16, 2020 at 9:30 a.m.,
in Room 260 of the John F. Seiberling Federal Building & U.S.
Courthouse, 2 South Main Street, Akron, Ohio.  If necessary, the
hearing will continue on Jan. 17, 2020.

                   About 2265 Enterprise East

2265 Enterprise East, LLC, classifies its business as Single Asset
Real Estate (as defined in 11 U.S.C. Section 101(51B)).  The
Company owns a real estate commonly known as 2265 East Enterprise
Pkwy, Twinsburg, OH 44087.

2265 Enterprise East sought Chapter 11 protection (Bankr. N.D. Ohio
Case No. 19-52510) on Oct. 20, 2019.  In the petition signed by
James P. Breen, managing member, the Debtor disclosed total
liabilities of $1,558,834.  The case is assigned to Judge Alan M.
Koschik.  The Debtor tapped Thomas W. Coffey, Esq., at Coffey Law
LLC, as counsel.


461 7TH AVENUE: Disclosure Statement Hrg. Moved to Jan. 8
---------------------------------------------------------
The hearing on the adequacy of the disclosure statement and case
status hearing in the bankruptcy case of 461 7th Avenue Market,
Inc. are adjourned to January 8, 2020, at 10:00 a.m. before
Honorable Robert D. Drain, at the United States Bankruptcy Court
for the Southern District of New York, located at 300 Quarropas
Street, White Plains, New York 10601.

                About 461 7th Avenue Market

461 7th Avenue Market, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 18-22671) on May 3, 2018. In the petition
signed by its president Young IL Park, the Debtor estimated assets
of less than $50,000 to $100,000 and debts of $100,000 to $500,000.
The Debtor hired Kurtzman Matera, P.C., as counsel; Kimm Law Firm,
as special counsel; and Sung N. Pak, CPA, PC, as accountant to the
Debtor.


AAC HOLDINGS: Steven Lebowitz Reports 8.9% Stake as of Dec. 23
--------------------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, these individuals and entities reported beneficial
ownership of shares of common stock of AAC Holdings, Inc. as of
Dec. 23, 2019:

                                        Shares       Percent
                                     Beneficially      of
   Reporting Person                     Owned        Class
   ----------------                  ------------    -------
   Steven D. Lebowitz                  2,246,691       8.9%
   Deborah P. Lebowitz                 1,903,741       7.6%
   David Lebowitz                        117,950       0.5%
   Amanda Lebowitz                        46,000       0.2%
   Lebowitz RCT, L.P.                    225,000       0.9%
   Lebowitz RCT, Inc.                    225,000       0.9%
    
The percentages are based on 25,157,712 shares of Common Stock,
$0.001 par value per share, of AAC Holdings outstanding as of Nov.
8, 2019, as reported in the Issuer's Quarterly Report on Form 10-Q
for the quarterly period ended Sept. 30, 2018 filed with the SEC on
Nov. 13, 2019.

The shares of Common Stock reported as beneficially owned by the
Reporting Persons were purchased using available personal funds and
working capital, including, with respect to Steven D. Lebowitz,
through Lebowitz RCT, L.P. and Lebowitz RCT, Inc. as private
investment vehicles.  The aggregate consideration paid for the
Subject Shares, excluding commissions, was approximately
$4,603,814.

The Reporting Persons originally acquired, and continue to hold,
the securities for investment purposes.

As disclosed in the SEC filing, "The Reporting Persons now intend
to become actively engaged with the Issuer.  These activities may
include speaking with management, the board, other shareholders,
and third parties to gather information and share the Reporting
Persons' views on the Issuer's strategic alternatives, including
financing, sales of assets or otherwise.  The Reporting Persons may
also formulate or engage in plans or proposals regarding the Issuer
and its operations, its assets, or its securities.  Such plans or
proposals may include one or more plans or proposals that relate to
the Issuer's business, management, strategic alternatives and
direction, capital structure and allocation, corporate governance,
and board composition.  In addition, the Reporting Persons may
acquire additional securities of the Issuer or may determine to
sell, or otherwise dispose of, all or some of the securities of the
Issuer presently beneficially owned by the Reporting Persons, in
the open market or in private transactions. Such actions will
depend upon a variety of factors, including, without limitation,
current and anticipated future trading prices for the Common Stock,
the financial condition, results of operations and prospects of the
Issuer, alternative investment opportunities, general economic,
financial market and industry conditions and other factors that the
Reporting Persons may deem material to its investment decision."

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

                       https://is.gd/O345ju

                       About AAC Holdings

Headquartered in Brentwood, Tennessee, AAC Holdings, Inc. --
http://www.americanaddictioncenters.com/-- is a provider of
inpatient and outpatient substance use treatment services for
individuals with drug addiction, alcohol addiction and co-occurring
mental/behavioral health issues.  In connection with its treatment
services, the Company performs clinical diagnostic laboratory
services and provide physician services to its clients.  As of Dec.
31, 2018, the Company operated 11 inpatient substance abuse
treatment facilities located throughout the United States, focused
on delivering effective clinical care and treatment solutions
across 1,080 inpatient beds, including 700 licensed detoxification
beds, 24 standalone outpatient centers and 4 sober living
facilities across 471 beds for a total of 1,551 combined inpatient
and sober living beds.

AAC Holdings reported a net loss of $66.71 million for the year
ended Dec. 31, 2018, compared to a net loss of $17.38 million for
the year ended Dec. 31, 2017.  As of Sept. 30, 2019, the Company
had $464.35 million in total assets, $479.76 million in total
liabilities, and a total stockholders' deficit including
noncontrolling interest of $15.40 million.

BDO USA, LLP, in Nashville, Tennessee, the Company's auditor since
2011, issued a "going concern" qualification in its report dated
April 12, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company has
incurred a loss from operations and negative cash flows from
operations that raise substantial doubt about its ability to
continue as a going concern.

                            *   *   *

As reported by the TCR on Dec. 16, 2019, Moody's Investors affirmed
AAC's Caa2 Corporate Family Rating.  The affirmation of the Caa2
CFR reflects the potential for future defaults by AAC over the next
12-24 months.

S&P Global Ratings lowered its issuer credit rating on AAC Holdings
Inc. to 'SD' (selective default) from 'CCC' and its issue-level
rating on its senior secured debt to 'D' from 'CCC'.  The downgrade
follows the release of AAC's third-quarter financial statement,
which indicated that the company failed to make the debt
amortization payment due Sept. 30, 2019, on its term loan.


ABSOLUT FACILITIES: Hires ProNexus LLC as Interim CFO
-----------------------------------------------------
Absolut Facilities Management, LLC, and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the Eastern District
of New York to employ ProNexus LLC, as interim chief financial
officer to the Debtors.

Absolut Facilities requires ProNexus LLC to:

   (a) provide regulatory compliance and reporting;

   (b) assist in the development of financial policies,
       procedures and controls to assist the operational
       restructuring of the Debtors, subject to and at the
       direction of the corporate governance bodies of the
       Debtors;

   (c) assist in the development and implementation of cash
       management strategies, tactics and processes for the
       Debtors during, and upon emergence from the Chapter
       11 Cases;

   (d) work with the Debtors and their current personnel to
       further business and strategy planning;

   (e) provide assistance to management in connection with the
       Debtors' development of a rolling 13-week cash receipts
       and disbursements forecasting tool designed to provide on-
       time information related to the Debtors' liquidity, and
       assisting the Debtors in developing an actual to forecast
       variance reporting mechanism, including written
       explanations of key differences;

   (f) provide assistance to management in connection with the
       Debtors' development of a five-year business plan, and
       such other related forecasts as may be required in
       connection with the Debtors' restructuring efforts;

   (g) assist the Debtors with various operational improvements;

   (h) assist with the preparation of the statements of financial
       affairs, schedules, and other regular reports required
       under the Bankruptcy Code and by the Court;

   (i) assist the Debtors in other business and financial aspects
       of these Chapter 11 Cases, including, but not limited to,
       development of a disclosure statement and plan of
       reorganization;

   (j) provide testimony before the Court on matters that are
       within the scope of the engagement and within the area of
       testimonial competency of Mr. Hoffman; and

   (k) assist with such other matters as may be requested that
       fall within his expertise and that are mutually agreeable.

ProNexus LLC will be paid at the hourly rate of $170.

ProNexus LLC received a security retainer prior to the commencement
of its activities to secure final payment of its invoices for
services rendered in the amount of $14,600. Prior to the
commencement of the Chapter 11 Cases, ProNexus LLC submitted
invoices to the Debtors totaling $27,115 for services rendered, all
of which were paid promptly. As of the Petition Date there were no
outstanding amounts unbilled or due to ProNexus LLC from the
Debtors. The Debtors paid ProNexus LLC $41,715.

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

Phillip Hoffman, subcontract of ProNexus LLC, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

ProNexus LLC can be reached at:

     Phillip Hoffman
     PRONEXUS LLC
     115 Sully's Trail, Suite 11
     Pittsford, NY 14534
     Tel: (585) 662-2212
     Fax: (585) 402-7705

              About Absolut Facilities Management

Absolut Facilities Management, LLC, through its subsidiaries, owns
six skilled nursing facilities and one assisted living facility in
the state of New York, have sought Chapter 11 protection.

On Sept. 10, 2019, Absolut Facilities Management, LLC and seven
related entities each filed a voluntary petition for relief under
Chapter 11 of the United States Bankruptcy Code (Bankr. S.D.N.Y.
Lead Case No. 19-76260).

Loeb & Loeb LLP is the Debtors' counsel. Prime Clerk LLC is the
claims and noticing agent. Michael Wyse of Wyse Advisors LLC, as
chief restructuring officer. ProNexus LLC, as interim chief
financial officer.

The Office of the U.S. Trustee appointed creditors to serve on the
official committee of unsecured creditors on Oct. 3, 2019. The
committee is represented by Amini LLC.


APERGY CORP: Moody's Reviews Ba3 CFR for Upgrade
------------------------------------------------
Moody's Investors Service placed all ratings of Apergy Corporation
on review for upgrade, including its Ba3 Corporate Family Rating,
Ba3-PD Probability of Default Rating, Ba1 senior secured credit
facility rating, and B1 senior unsecured notes rating. The SGL-2
Speculative Grade Liquidity rating was unchanged. These rating
actions were precipitated by Apergy's announcement on December 19,
2019 that it will combine with EcoLab Inc.'s (Baa1 positive)
upstream business segment in a tax-free transaction.

"Apergy's combination with ChampionX enhances Apergy's scale while
improving its pro forma financial leverage. The combined company
will benefit from improved product and geographic diversification,"
commented Sreedhar Kona, Moody's Senior Analyst. "Our review will
focus on the transaction structure and the durability of Champion
X's cash flow."

Outlook Actions:

Issuer: Apergy Corporation

Outlook, Changed to Ratings Under Review from Stable

Ratings Under Review for Upgrade:

Issuer: Apergy Corporation

Corporate Family Rating, Placed on Review for Upgrade, Currently
Ba3

Probability of Default Rating, Placed on Review for Upgrade,
Currently Ba3-PD

Senior Secured Bank Credit Facility, Placed on Review for Upgrade,
Currently Ba1 (LGD2)

Senior Unsecured Notes, Placed on Review for Upgrade, Currently B1
(LGD5)

Unchanged:

Issuer: Apergy Corporation

Speculative Grade Liquidity Rating, Unchanged SGL-2

RATINGS RATIONALE

On December 19, 2019, Apergy and Ecolab announced that Ecolab will
separate its ChampionX upstream energy business segment and
simultaneously combine it with Apergy in a tax-free transaction.
Following the completion of the transaction, the combined company
will have approximately $3.5 billion in pro forma 2019 revenue.

Moody's rating review will focus on the combined entity's capital
structure, the incremental debt and cash flow and the drivers and
volatility of the cash flow given the inherent cyclicality of
Oilfield Services businesses. The review will also assess Apergy's
governance, financial policies and capital allocation priorities
going forward. The company's competitive position within its
product and service lines and broader OFS segment will be
considered.

Apergy currently benefits from the company's low financial leverage
and highly engineered and differentiated product suite that
provides a fair degree of recurring revenue from the Artificial
lift business and a market leading position in the Polycrystalline
diamond cutter business. The company's low debt burden vis-a-vis
its relatively stable cash flow helps the company weather, to some
extent, the extreme earnings volatility inherent in the OFS sector.
The proposed combination with ChampionX's business significantly
enhances the scale and diversification of Apergy by adding a
product-based new services line to Apergy's OFS portfolio.
Moreover, the additional debt burden added relative to ChampionX's
cash flow improves Apergy's already low leverage supporting the
consideration of a ratings upgrade.

The Woodlands, TX based Apergy Corporation is a provider of highly
engineered technologies that help companies drill for and produce
oil and gas efficiently. ChampionX business, which is expected to
generate approximately $2.4 billion in revenue in 2019, consists of
the drilling, completion, and energy production, chemistry
sciences, and solutions operations currently included within
Ecolab's Energy segment.

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


CHARIOTS OF HIRE: Unsecureds to Get 100% Over 5 Years
-----------------------------------------------------
Chariots of Hire, Inc. filed with the U.S. Bankruptcy Court for the
Eastern District of Tennessee a disclosure statement describing its
Plan of Reorganization.

The Disclosure Statement reveals that Class 5b General Unsecured
Creditors will receive principal reduction payments equal to 10% of
their claims annually with a balloon payment payable at the end of
the 60th month in an amount equal to the remaining balance of their
claim such that 100% of their claim shall be paid over five years.


The Class 5b claimants shall be paid in an amount equal to 5.0% of
each of their claims commencing on the sixth month following the
effective date of the plan with successive principal reduction
payments equal to 5.0% of their claims each six month period
thereafter through the 60th month of the plan with a balloon
payment equal to remaining balance of their claim due on or before
the 61st month following the effective date of the plan.

General Unsecured Creditors whose claims are $1,000 or less may
elect to be treated as Class 5a, Convenience Class Claimants, and
in so electing, will receive a one-time cash payment equal to 50%
of their allowed claim as payment in full of their unsecured claim.
Said cash payment shall be made 30 days after the effective date of
the plan.

The Debtor's principal, John Mark Parsons, will retain his interest
in the Debtor as its sole shareholder.

Cash flow from operations are projected to be sufficient to make
all payments under the Plan. In the event the Debtor determines
that a liquidation of an asset is consistent with the needs of the
business, it may conduct such transaction and after paying in full
any secured indebtedness related to the asset being sold, use the
balance of the proceeds to make Plan payments or other expenditures
consistent with the needs of the business.

A full-text copy of the Disclosure Statement is available at
https://tinyurl.com/yx7zxm6x from PacerMonitor.com at no charge.

               About Chariots of Hire

Chariots of Hire, Inc. is a transportation company in Louisville,
Tennessee. The Company's fleet includes sedans (Cadillac, Mercedes
& Town Cars), SUVs (Navigators & Escalades), passenger Limousines,
Sprinter vans, passenger mini buses, passenger mid-size buses,
passenger executive bus, and passenger motor coaches.

Chariots filed a Chapter 11 petition (Bankr. E.D. Tenn. Case
No.19-30281), on Feb. 1, 2019. The petition was signed by John Mark
Parsons, president. At the time of filing, the Debtor estimated $1
million to $10 million in assets and $1 million to $10 million in
liabilities. The case has been assigned to Judge Suzanne H.
Bauknight. The Debtor is represented by C. Dan Scott, Esq., at
Scott Law Group, PC.


CLARK ATLANTA: Moody's Hikes Issuer Rating to Ba2, Outlook Stable
-----------------------------------------------------------------
Moody's Investors Service upgraded Clark Atlanta University's
issuer rating from Ba2 to Ba1. The outlook has been revised to
stable from positive.

RATINGS RATIONALE

The upgrade of Clark Atlanta University's issuer rating to Ba1
reflects ongoing growth in financial reserves and liquidity,
stabilized enrollment despite market headwinds, and sustained
healthy operating cash flow margins to support debt service and
measured strategic investment in a constrained resource
environment. Unrestricted liquidity has notably increased to nearly
$41 million as of June 30, 2019, from $16 million in fiscal 2015
and provides the university with significantly improved financial
flexibility. Management's commitment to operating discipline is
reflected in strengthened operating performance, with operating
cash flow expected to remain in the 12%-15% range, providing debt
service coverage of 3.7x in fiscal 2019. While enrollment
management has improved over the past several years after a period
of decline, the university's market environment remains highly
competitive, and sustaining growth in net tuition revenue will be
challenging given the very price sensitive student market and depth
of competition. Undergraduate enrollment was slightly below target
for fall 2019 but overall enrollment remained steady, supported by
a slight increase in graduate students and improved, though still
low, retention rate. Additionally, the university's rating and poor
strategic positioning reflect considerable deferred maintenance and
capital investment needs in order to maintain its competitive
position, with limited resources available to address those needs,
and a likely near-term significant increase in leverage.

RATING OUTLOOK

The stable outlook reflects the likelihood for continued growth in
unrestricted liquidity and the maintenance of healthy operating
performance, providing good cash flow to cover existing debt
service and near-term debt plans. The outlook also incorporates
expectations for modestly growing enrollment and strong housing
occupancy.

FACTORS THAT COULD LEAD TO AN UPGRADE

  - Sustained growth in net tuition revenue, reflecting growing
enrollment and managed tuition discounting

  - Strengthening operating cash flow margins providing stronger
debt service coverage for near-term debt plans

  - Material growth in liquidity

FACTORS THAT COULD LEAD TO A DOWNGRADE

  - Decline in liquidity or flexible reserves relative to expenses

  - Inability to maintain operating cash flow margins of
approximately 12%, especially when combined with additional debt

  - Declining enrollment, or inability to sustain growing net
tuition revenue

LEGAL SECURITY

The Ba1 rating is an issuer rating not assigned to any debt.

The majority of CAU's debt is financed through the U.S. Department
of Education Historically Black College and University Capital
Financing Program. The university has granted the department a
mortgage interest in the projects financed through the program.

PROFILE

Clark Atlanta University is a private, urban research university
that was established in 1988 from the consolidation of two
independent historically black institutions, Atlanta University
(1865) and Clark College (1869). In fiscal 2019, CAU generated
operating revenue of $108 million and enrolled 3,780 full-time
equivalent (FTE) students as of fall 2019.

METHODOLOGY

The principal methodology used in this rating was Higher Education
published in May 2019.


CLOVER TECHNOLOGIES: Gibson, Pachulski Represent Term Lender Group
------------------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firm of Pachulski Stang Ziehl & Jones LLP and Gibson, Dunn
& Crutcher LLP submitted a verified statement that they are
representing the Ad Hoc Term Lender Group in the Chapter 11 cases
of Clover Technologies Group, LLC, et al.

In October 2019, the members of the Ad Hoc Term Loan Lender Group
retained Gibson, Dunn & Crutcher LLP to represent them as counsel
in connection with a potential restructuring of the outstanding
debt obligations of the above-captioned debtors and certain of
their subsidiaries and affiliates. In December 2019, the members of
the Ad Hoc Term Loan Lender Group retained Pachulski Stang Ziehl &
Jones LLP to represent them as Delaware counsel in connection with
the restructuring.

Gibson Dunn and PSZJ represent (as that term is defined in
Bankruptcy Rule 2019(a)(2)) the members of the Ad Hoc Term Loan
Lender Group in their capacity as lenders under that certain Credit
Agreement, dated as of May 8, 2014 by and among 4L Holdings
Corporation as Holdings, Clover Technologies Group, LLC and 4L
Technologies Inc., as borrowers, Wilmington Savings Fund Society,
FSB, as administrative agent, and the lenders party thereto from
time to time.

Gibson Dunn and PSZJ do not represent or purport to represent any
other entities in connection with the Debtors' chapter 11 cases.
Gibson Dunn and PSZJ do not represent the Ad Hoc Term Lender Group
as a "committee" and do not undertake to represent the interests
of, and are not a fiduciaries for, any creditor, party in interest,
or other entity that has not signed a retention agreement with
Gibson Dunn or PSZJ. In addition, the Ad Hoc Term Lender Group does
not represent or purport to represent any other entities in
connection with the Debtors' chapter 11 cases.

Upon information and belief formed after due inquiry, Gibson Dunn
and PSZJ do not hold any disclosable economic interests (as that
term is defined in Bankruptcy Rule 2019(a)(1)) in relation to the
Debtors.

As of Dec. 18, 2019, members of the Ad Hoc Term Lender Group and
their disclosable economic interests are:

                                   Principal Amount of Term Loan
                                   Credit Agreement Claims Held
                                   -----------------------------
Antares Assetco LP                        $16,195,416.19
100 King Street West, Suite 4710
Toronto, ON M5X 1E3

Arrowmark Partners                        $24,746,030.32
100 Fillmore Street, #325
Denver, CO 80206

Diameter Capital Partners LP              $12,751,938.36
24 W. 40th St., 5th Floor
New York, NY 10018

MJX Asset Management, LLC                 $24,053,059.51
12 E 49th Street, 38th Floor
New York, NY 10017

Sound Point Capital Management, LP        $48,815,307.80
375 Park Avenue, 33rd Floor
New York, NY 10152

Vector Capital                            $60,915,693.00
One Market Street
Steuart Tower, 23rd Floor
San Francisco, CA 94105

Voya Investment Management Co LLC         $26,034,926.47
7337 E. Doubletree Ranch Rd., Suite 100
Scottsdale, AZ 85258

Invesco Advisors, Inc.                    $64,034,653.46
6803 S. Tucson Way
Centennial, CO 80122

Counsel for the Ad Hoc Term Lender Group can be reached at:

          PACHULSKI STANG ZIEHL & JONES LLP
          Laura Davis Jones, Esq.
          919 N. Market Street, 17th Floor
          Wilmington, DE 19801
          Telephone: (302) 652-4100
          Facsimile: (302) 652-4400
          Email: ljones@pszjlaw.com

                  - and -

          GIBSON, DUNN & CRUTCHER LLP
          Scott J. Greenberg, Esq.
          Michael J. Cohen, Esq.
          200 Park Avenue
          New York, NY 10166
          Telephone: (212)351-4000
          Facsimile: (212)351-4035
          Email: sgreenberg@gibsondunn.com
                 mcohen@gibsondunn.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/4yvEsF and https://is.gd/PfS3La

                   About Clover Technologies

Clover Technologies Group, LLC, et al. --
http://www.clovertech.com/-- collect and recycle electronic
devices and provide aftermarket management services for mobile
device carriers, manufacturers, retailers, insurance providers and
enterprise businesses.  Formed through organic growth and strategic
acquisitions, the Debtors and their non-debtor affiliates operate
repair centers in North America and abroad and provide services in
over 120 countries.  

Clover Technologies Group, LLC and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 19-12680) on Dec. 16,
2019.  Clover Technologies was estimated to have $100 million to
$500 million in assets and liabilities.

The Debtors tapped KIRKLAND & ELLIS LLP as counsel; KLEHR HARRISON
HARVEY BRANZBURG LLP as local bankruptcy counsel; ALVAREZ & MARSAL
NORTH AMERICA, LLC, a restructuring advisor; JEFFERIES LLC as
investment banker; and BANKRUPTCY MANAGEMENT SOLUTIONS, INC., a
claims agent.


COTTONE MARKETING: Plan Outline OK'd, Jan. 29 Confirmation Hrg Set
------------------------------------------------------------------
The Honorable Catherine E. Bauer of the U.S. Bankruptcy Court for
the Central District of California has approved the Disclosure
Statement describing the First Amended Chapter 11 Plan of
Reorganization of Debtor Cottone Marketing Services, Inc., DBA The
Embroidery Store.

A hearing will be convened on January 29, 2020, at 10:00 a.m. at
Courtroom 5D of the United States Bankruptcy Court, 411 West Fourth
Street, Santa Ana, CA 92701, to consider confirmation of the Plan.

January 15, 2020, is the deadline for objections to Plan
Confirmation and Balloting.

January 22, 2020, is the deadline for replies to objections and
service of Plan Confirmation Memo.

A full-text copy of the Disclosure Statement Order is available at
https://tinyurl.com/vmvn4gn from PacerMonitor.com at no charge.

             About Cottone Marketing Services Inc.

Based in Irvine, California, Cottone Marketing Services Inc. is a
marketing firm managing a portfolio of apparel manufacturing and
decorating companies.

Cottone Marketing Services filed a Chapter 11 petition (Bankr. C.D.
Cal. Case No. 19-10922) on March 15, 2019. At the time of the
filing, the Debtor had estimated assets of less than $500,000 and
liabilities of less than $1 million.   

The case has been assigned to Judge Catherine E. Bauer. Andy C.
Warshaw, Esq., at Financial Relief Law Center, represents the
Debtor as legal counsel.


DAVE GIDDEON: IRS Objects to Plan & Disclosure Statement
--------------------------------------------------------
The United States, on behalf of its agency the Internal Revenue
Service (IRS), filed an objection to the Plan of Reorganization and
Disclosure Statement of Dave Giddeon Trucking LLC.

The IRS complains that the Plan violates Sec. 1129(a)(9)(C)(ii)
because the five-year payment requirement for priority tax claims
commences from the date of the order for relief, which is May 16,
2019. Therefore the plan payments on the IRS priority claim, which
priority claim is $256,589.44, must be paid in full and will need
to be completed within five years from May 16, 2019, resulting in
full payment by May 16, 2024.

The IRS objects to the Chapter 11 Plan because confirmation of the
plan is not feasible and liquidation will be likely. Pre-bankruptcy
Debtor failed for years to meet the FICA and FUTA requirements, and
post-bankruptcy Debtor continues to fail to make payments and is
not filing quarterly FICA returns, the IRS notes. This behavior
shows that liquidation is likely and also continues to grow unpaid
taxes, the IRS says.

The Debtor's failure to pay prepetition withholding taxes and
failure to file and pay post-petition withholding taxes
demonstrates a history of non-compliance that counsels in favor of
including a default provision in any final plan that establishes
clear procedures should Debtor fail to file future required returns
or fail to make any plan payments or pay future taxes, the IRS
continues.

A full-text copy of the Objection is available at
https://tinyurl.com/uec5uwr from PacerMonitor.com at no charge.

              About Dave Giddeon Trucking

Dave Giddeon Trucking LLC, a privately held trucking company in
Laurel, Montana, filed a Chapter 11 petition (Bankr. D. Mont. Case
No. 19-60475) on May 15, 2019. In the petition signed by Whitney S.
Giddeon, member, the Debtor was estimated to have $1 million to $10
million in both assets and liabilities. James A. Patten, Esq., at
Patten Peterman Bekkedahl & Green, PLLC, serves as bankruptcy
counsel.


DAVE GIDDEON: Three Rivers Says Plan Not Feasible
-------------------------------------------------
Three Rivers Bank of Montana filed an objection to debtor Dave
Giddeon Trucking LLC's Plan of Reorganization for Small Business
Under Chapter 11 and Debtor's Chapter 11 Small Business Disclosure
Statement.

According to Three Rivers, the Debtor's Disclosure Statement does
not provide adequate information to allow for an informed judgment
of the proposed plan for reorganization.

Three Rivers also points out that the Debtor's Proposed Plan is not
acceptable in that it is not feasible and is not fair and equitable
to Three Rivers.  

Three Rivers does not believe that the Proposed Plan referenced in
the Disclosure Statement is feasible based on the projections and
the monthly operating reports provided by Debtor.

"The Proposed Plan is contingent on the sale of Personal Property,
but as stated above, there are no terms as to sale or what happens
in the event the Personal Property does not sell or in the event
Debtor fails to pay its monthly installments because of a shortfall
in its projections (see Docs. 41-43, 47, 53).  In light of Three
Rivers having already brought a state court replevin action, which
has been stayed due to this bankruptcy, and Debtor's consistent
inability to meet its financial projections, the Proposed Plan
should establish a clear procedure should Debtor fail to make
required payments under a confirmed plan, whether it be voluntary
surrender of the Personal Property if not sold within a certain
amount of time, and/or automatic conversion to a Chapter 7 in the
event Debtor fails to make a plan payment," Three Rivers Bank
said.

Attorneys for Three Rivers Bank of Montana:

     Charles E. Hansberry
     Jenny M. Jourdonnais
     Brian T. Geer
     HANSBERRY & JOURDONNAIS, PLLC
     3819 Stephens Avenue, Suite 200
     Missoula, MT 59801
     Tel: (406) 203-1730
     Fax: (406) 205-3170
     E-mail: Chuck@HJBusinessLaw.com
             Jenny@HJBusinessLaw.com
             Brian@HJBusinessLaw.com

                  About Dave Giddeon Trucking

Dave Giddeon Trucking LLC, a privately held trucking company in
Laurel, Montana, filed a Chapter 11 petition (Bankr. D. Mont. Case
No. 19-60475) on May 15, 2019.  In the petition signed by Whitney
S. Giddeon, member, the Debtor was estimated to have $1 million to
$10 million in both assets and liabilities.  James A. Patten, Esq.,
at Patten Peterman Bekkedahl & Green, PLLC, serves as bankruptcy
counsel.


DAVE GIDDEON: Wants Plan & Disclosure Hearing Reset to Jan. 7
-------------------------------------------------------------
Dave Giddeon Trucking LLC asks the U.S. Bankruptcy Court for the
District of Montana to vacate and reset the hearing on confirmation
of its Plan of Reorganization and on final approval of the
accompanying Disclosure Statement to January 7, 2020.

The Court conditionally approved the Disclosure Statement in
mid-November 2019 and originally set the Plan Confirmation hearing
for early December.

Counsel for Three Rivers Bank of Montana, Jenny M. Jourdonnais and
Charles E. Hansberry, are both committed to a trial which is set to
start in December in Federal Court. The trial will also conflict
with all of the available hearing dates in December. As an
accommodation to the Bank, the Debtor agreed to seek the relief
requested.

Counsel informally spoke with Matthew F. Shimanek, attorney for
Direct Capital Corporation; Victoria L. Francis, attorney for the
Internal Revenue Service; Jon R. Binney, attorney for Kubota Credit
Corporation; Jenny M. Jourdonnais, attorney for Three Rivers Bank
of Montana; and Brett R. Cahoon, with the Office of the U.S.
Trustee, regarding resetting the hearing. All attorneys informally
consented to the Motion.

          About Dave Giddeon Trucking

Dave Giddeon Trucking LLC, a privately held trucking company in
Laurel, Montana, filed a Chapter 11 petition (Bankr. D. Mont. Case
No. 19-60475) on May 15, 2019. In the petition signed by Whitney S.
Giddeon, member, the Debtor was estimated to have $1 million to $10
million in both assets and liabilities. James A. Patten, Esq., at
Patten Peterman Bekkedahl & Green, PLLC, serves as bankruptcy
counsel.


DPW HOLDINGS: Ault & Company is Acquiring 19.9% Equity Stake
------------------------------------------------------------
Ault & Company, Inc. has agreed to acquire a 19.9% ownership
interest in DPW Holdings, Inc.'s common stock at a price of $1.12
per share, or $0.01 higher than the closing price from Friday, Dec.
20, 2019.  

Pursuant to the terms of the Agreement, Ault & Company will
purchase an aggregate of 660,667 shares of the Company's common
stock, par value $0.001, for a total purchase price of $739,948, at
a purchase price per share of $1.12, subject to the approval of the
NYSE American.

Milton C. Ault, III, the Company's chief executive officer and
chairman of the Board of Directors, is the chairman of the Board of
Directors and chief executive officer of Ault & Company. William B.
Horne, the Company's chief financial officer and vice chairman of
the Board of Directors, is the vice chairman of the Board of
Directors and chief financial officer of Ault & Company.

Mr. Ault said, "This purchase of common stock by Ault & Company
demonstrates belief in the progress being achieved by the Company
and its subsidiaries, the strength and value of the assets of DPW
today, and the confidence in our ability to increase shareholder
value."

Ault & Company, Inc. is a private holding company controlled by Mr.
Ault.

                          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 Sept. 30,
2019, the Company had $47.42 million in total assets, $29.50
million in total liabilities, and $17.92 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.


DUCOMMUN INC: Moody's Affirms B2 CFR & Alters Outlook to Negative
-----------------------------------------------------------------
Moody's Investors Service affirmed its ratings for Ducommun
Incorporated, including the company's B2 Corporate Family Rating
and B2-PD Probability of Default Rating. Concurrently, Moody's
assigned B2 ratings to the company's new senior secured revolving
credit facility and new senior secured term loan A, and also
affirmed the B2 rating on the senior secured term loan B. Ratings
on the existing revolving credit facility will be withdrawn at
payoff. Moody's speculative grade liquidity rating has been
downgraded to SGL-3, from SGL-2. The rating outlook has been
changed to negative from stable.

The outlook revision reflects Ducommun's exposure to the 737 MAX
(more than 15% of sales) and the recent announcements by The Boeing
Company and Spirit AeroSytems, Inc. that they will be halting
production of the platform in January 2020. Moody's expects the
production halt to result in earnings and cash flow headwinds that
will diminish Ducommun's liquidity and financial flexibility,
potentially through the first half of 2020. The negative outlook
also reflects lingering uncertainty as to the timing of the
ungrounding of the MAX by various regulators, as well as the risk
that production on the important program is not resumed by Boeing
and Spirit in relatively short order.

RATINGS RATIONALE

The B2 CFR balances Ducommun's small size, exposure to cyclical
end-markets, and comparatively low margins against moderate levels
of financial leverage, favorable near-term growth prospects, and a
relatively well-positioned set of credit metrics. Moody's
recognizes Ducommun's content on a number of key commercial
aerospace and defense platforms, as well as a favorable operating
environment, which combined should continue to support
mid-single-digit topline growth over the next few years,
particularly if the MAX-related issues are resolved. Moody's also
recognizes Ducommun's sales and earnings growth over the last few
quarters, along with a relatively moderate level of financial
leverage (Moody's-adjusted debt-to-EBITDA of 3.8x as of December
2019) and historically healthy levels of cash generation. Even so,
the rating agency expects cash flow to be weaker in 2020 as a
result of the extended MAX grounding and end-customer production
shut-down. Moody's also considers the likelihood of Ducommun
continuing to make bolt-on acquisitions that could result in
periodic draws on its revolving credit facility, and temporary
associated increases in execution risk and financial leverage.
Furthermore, Ducommun's comparatively low levels of profitability
(EBITDA margins around 12%) speak to a highly competitive operating
environment and a product portfolio that includes some low-value
work, notwithstanding ongoing efforts to move up the value chain.
The company's dependence on cyclical aerospace OEM markets (50% of
sales) that are prone to downturns and vulnerable to pricing
pressure from large-sized customers is an additional tempering
rating consideration.

The SGL-3 speculative grade liquidity rating denotes Moody's
expectation of an adequate liquidity profile over the next 12
months. Moody's expects free cash flow to approximate the
mid-single-digit range as a percent of sales for the full year of
2019, but lower cash flow is expected to be generated in 2020 as a
result of reduced production rates on the MAX program. External
liquidity is provided by a $100 million revolving credit facility
that expires in 2024. Moody's anticipates periodic usage under the
facility to support the funding of bolt-on acquisitions, and
potentially to support operations during the first half of 2020
when the impact of the MAX production halt will likely be most
pronounced. The revolver contains a maintenance-based maximum total
net leverage ratio of 4.75x, and Moody's expects the company to
maintain adequate cushions relative to the covenant.

The negative outlook reflects heightened uncertainty and elevated
financial and operational risk related to Ducommun's exposure to
the 737 MAX program (more than 15% of sales) following the recent
announcements by Boeing and Spirit that production will be halted
in January 2020, and the anticipated earnings and cash flow
headwinds that will ensue to the detriment of Ducommun's liquidity
profile. The negative outlook also reflects uncertainty as to the
timing of the ungrounding of the MAX, as well the risk of Boeing
and Spirit resuming production later than expected.

Given Ducommun's comparatively modest size, Moody's expects the
company to maintain credit metrics that are stronger than levels
typically associated with companies at the same rating level. The
ratings could be upgraded on expectations of a conservative
financial policy with Moody's-adjusted debt-to-EBITDA expected to
remain below 3.5x. Maintenance of a strong liquidity profile would
be a prerequisite to an upgrade, with free cash flow-to-debt
expected to remain in the high single-digits as a percent of sales
coupled with substantial availability on the company's revolver.
Strong operating performance across structures and electronics,
robust levels of backlog and a larger scale with less reliance on
OEMs and greater exposure to aftermarkets would also be supportive
of an upgrade.

The ratings could be downgraded if Moody's-adjusted debt-to-EBITDA
was expected to remain above 5.5x, or if the suspension of MAX
production continues into the second half of 2020. A weakening
liquidity profile involving free cash flow-to-debt consistently in
the low single-digit range as a percent of sales and/or increased
reliance on revolver borrowings, or expectations of non-compliance
with financial covenants, would create downward ratings pressure. A
deterioration in operating performance that led to a weakening of
margins, the loss of a large customer, or unanticipated leveraging
transactions either in the form of acquisitions or shareholder
distributions could also result in a downgrade of ratings.

The following is a summary of the rating actions:

Issuer: Ducommun Incorporated

Corporate Family Rating, affirmed B2

Probability of Default Rating, affirmed B2-PD

$100 million senior secured revolving credit facility due 2024,
assign B2 (LGD3)

$140 million senior secured term loan A due 2024, assign B2 (LGD3)

$240 million senior secured term loan B due 2025, affirmed B2
(LGD3)

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

Outlook, Changed to Negative from Stable

Ducommun Incorporated (NYSE: DCO), headquartered in Santa Ana,
California, is a provider of engineering and manufacturing services
to aerospace, defense and industrial markets. The company operates
two segments: Electronic Systems (50% of sales) and Structural
Systems (50% of sales). Electronic Systems designs, engineers and
manufactures electronic and electromechanical products such as
cable assemblies and interconnect systems, printed circuit board
assemblies and lighting diversion systems. Structural Systems
designs, engineers and manufactures structural components and
structural assemblies such as winglets, engine components and
fuselage structural panels. Revenues for the twelve months ended
September 2019 were almost $700 million.

The principal methodology used in these ratings was Aerospace and
Defense Industry published in March 2018.


FLEETSTAR LLC: Unsecureds get Prorata Share of Plan Assets
----------------------------------------------------------
Fleetstar, LLC, has filed a Chapter 11 Plan for the resolution of
the outstanding claims against and interests in the Debtor.

The Plan contemplates that claims against the Debtor will be paid
from the plan assets, exit financing and net proceeds from auctions
of the Debtor's truck assets.

The Debtor's Truck Assets will be sold via an auction process
conducted by either (i) Taylor and Martin; (ii) Ritchie Brothers
Auctioneers; (iii) Henderson Auctions or (iv)
ServcorpInternational, Inc.  There will be a 45-day period prior to
the commencement of auction procedures for George J. Ackel, III,
Debtor's founder, to negotiation a consensual agreement with
lenders regarding the acquisition or refinance of their collateral
or to acquire unencumbered assets based on fair National Automobile
Association Dealer or Tayler & Martin valuation of such assets.
Further, Mr. Ackel will provide Exit Financing of $50,000, which
loan will be forgiven in exchange for a release of claims against
insiders.  The Debtor does not believe that the insider claims have
any value.  To the contrary, based on Debtor's books and records,
insiders have significant claims against the Debtor and this
Estate.

The Plan Assets will be distributed in the following order and
manner and in accordance with the terms set forth below:

    4.1 First, to the payment in full of all Allowed Administrative
Claims, including but not limited to: (a) the Claims of all
professional or other entities requesting compensation or
reimbursement of expenses under Sections 327, 328, 330, 331,
503(b), 506, and 1103 of the Bankruptcy Code for services rendered
on or before the Effective Date, as such Claims are allowed by
Final Order of the Bankruptcy Court; (b) all statutory fees due and
payable under 28 U.S.C. §1930, and (c) all Administrative Claims
based on liabilities incurred in the ordinary course of business of
the Debtor in Possession prior to the Effective Date.

    4.2 Second, after payment in accordance with the Plan has been
made to the holders of allowed claims described in section 4.1, and
to the extent any Plan Assets remain after such payment, such
remaining Plan Assets shall be distributed pro rata to the holders
of Allowed Priority Tax Claims in Class 2 until the Class 2
creditors receive payment equal to their Allowed Priority Tax
Claims.

    4.3 Third, after payment in accordance with the Plan has been
made to the holders of allowed claims as described in sections 4.1
and 4.2, and to the extent that any Plan Assets remain after such
payment, such remaining Plan Assets shall be distributed pro rata
to the holders of Allowed Unsecured Claims in Class 3 until the
Class 3 creditors receive payment equal to their Allowed Unsecured
Claims.

    4.4 Fourth, after payment in accordance with the Plan has been
made to the holders of allowed claims as described in sections 4.1,
4.2 and 4.3, and to the extent any Plan Assets remain after such
payments, such remaining Plan Assets shall be distributed pro rata
to Allowed Interest holders.

A full-text copy of the Disclosure Statement dated November 27,
2019, is available at https://tinyurl.com/rbvzz76 from
PacerMonitor.com at no charge.

Counsel for the Debtor:

     Leo D. Congeni
     The Congeni Law Firm, LLC  
     424 Gravier Street
     New Orleans, LA 70130
     (504) 522-4848
     leo@congenilawfirm.com

                     About Fleetstar LLC

Fleetstar LLC, a trucking company in Elmwood, La., sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. La.
Case No. 19-10873) on April 2, 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 Elizabeth W. Magner.  The Debtor hired Congeni
Law Firm, LLC, as legal counsel, and Degan Blanchard & Nash, APLC,
as special counsel.


FRONTIER COMMUNICATIONS: ICS Opportunities Reports 6.9% Stake
-------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, ICS Opportunities, Ltd., et al., disclosed that as of
the close of business on Dec. 20, 2019, they beneficially owned an
aggregate of 7,304,125 shares of Frontier Communications
Corporation's common stock or 6.9% of the Issuer's Common Stock
outstanding.  The calculation of the foregoing percentage was based
on 105,370,000 shares of the Issuer's Common Stock outstanding as
of Nov. 1, 2019, as per the Issuer's Form 10-Q dated Nov. 6, 2019.
Specifically, as of the close of business on Dec. 20, 2019:

   i) Integrated Core Strategies (US) LLC, a Delaware limited
      liability company, beneficially owned 22,000 shares of the
      Issuer's Common Stock;

  ii) Integrated Assets II LLC, a Cayman Islands limited
      liability company, beneficially owned 53,325 shares of the
      Issuer's Common Stock;

iii) ICS Opportunities II LLC, a Cayman Islands limited
      liability company, beneficially owned 619,147 shares of the
      Issuer's Common Stock; and

  iv) ICS Opportunities, Ltd., an exempted company organized
      under the laws of the Cayman Islands, beneficially owned
      6,609,653 shares of the Issuer's Common Stock.

Millennium Management LLC, a Delaware limited liability company, is
the general partner of the managing member of Integrated Core
Strategies and may be deemed to have shared voting control and
investment discretion over securities owned by Integrated Core
Strategies.  Millennium Management is also the general partner of
the 100% owner of Integrated Assets II, ICS Opportunities II and
ICS Opportunities and may also be deemed to have shared voting
control and investment discretion over securities owned by
Integrated Assets II, ICS Opportunities II and ICS Opportunities.

Millennium Group Management LLC, a Delaware limited liability
company, is the managing member of Millennium Management and may
also be deemed to have shared voting control and investment
discretion over securities owned by Integrated Core Strategies.
Millennium Group Management is also the general partner of
Millennium International Management and may also be deemed to have
shared voting control and investment discretion over securities
owned by Integrated Assets II, ICS Opportunities II and ICS
Opportunities.

The managing member of Millennium Group Management is a trust of
which Israel A. Englander, a United States citizen, currently
serves as the sole voting trustee.  Therefore, Mr. Englander may
also be deemed to have shared voting control and investment
discretion over securities owned by Integrated Core Strategies,
Integrated Assets II, ICS Opportunities II and ICS Opportunities.

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

                        https://is.gd/En1SlP

                    About Frontier Communications

Headquartered in Norwalk, Connecticut, Frontier Communications
Corporation (NASDAQ: FTR) -- http://www.frontier.com/-- is a
provider of communications services to urban, suburban, and rural
communities in 29 states.  Frontier offers a variety of services to
residential customers over its fiber-optic and copper networks,
including video, high-speed internet, advanced voice, and Frontier
Secure digital protection solutions.  Frontier Business offers
communications solutions to small, medium, and enterprise
businesses.

The Company incurred net losses of $643 million in 2018, $1.80
billion in 2017, and $373 million in 2016.  As of Sept. 30, 2019,
Frontier had $17.56 billion in total assets, $2.74 billion in total
current liabilities, $580 million in deferred income taxes, $1.64
billion in pension and other post-retirement benefits, $398 million
in other liabilities, $16.30 billion in long-term debt, and a total
deficit of $4.10 billion.

                          *   *    *

As reported by the TCR on Aug. 14, 2019, Moody's Investors Service
downgraded the corporate family rating of Frontier Communications
Corporation to Caa2 from Caa1 and the probability of default rating
to Caa3-PD from Caa1-PD.  The downgrade of the CFR reflects an
updated assessment of the company's probability of default and
recovery expectations following weak second quarter 2019 revenue
and EBITDA results, continued negative net customer addition trends
and reduced expectations regarding cost efficiency programs going
forward.

In July 2019, Fitch Ratings downgraded the Issuer Default Rating of
Frontier Communications Corporation and its subsidiaries to 'CCC'
from 'B-'.  The downgrade reflects Fitch's opinion that Frontier
has limited options with respect to $2.7 billion in maturities in
2022 and nearly $900 million in 2023.

As reported by the TCR on Nov. 20, 2019, S&P Global Ratings lowered
the issuer credit rating and issue-level rating on the senior
unsecured debt on U.S.-based telecommunications service provider
Frontier Communications Corp. to 'CCC-' from 'CCC' based on a
higher risk of default following its decision to deplete the
availability under its revolving credit facility.


FULL X TECH: Unsecureds to Have 11.1% Recovery Under Plan
---------------------------------------------------------
Full X Tech, Corp. filed with the U.S. Bankruptcy Court for the
Southern District of Florida, Miami Division, a first amended
disclosure statement in support of First Amended Plan of
Reorganization.

The Amended Plan Outline provides that Class 2 consists of allowed
unsecured general claims. The Class 2 creditors shall share pro
rata in a total distribution in a one-time payment after the entry
of a final and non-appealable confirmation order and final decree
of the approximate amount of $200,000 (11.1%) following entry of
final and non-appealable confirmation order and final decree.

At confirmation, the Principal shall provide $15,000 in new value.

Existing equity shall be cancelled. New equity in the Reorganized
Debtor will be issued to the Plan Sponsors in exchange for the
following new value: (i) cash sufficient to fund unpaid
Administrative Claims, the Unsecured Claim Fund, the Internal
Revenue Service Claim, and the General Unsecured Claim.

The means necessary for the execution of the Plan include the
Debtor's income from its business operations. The Debtor shall, and
believes it can, generate and receive sufficient income to the
amount necessary to enable it to make all payments due under the
Plan. The Debtor shall be the disbursing agent.

A full-text copy of the Amended Disclosure Statement and Plan is
available at https://tinyurl.com/snj2jfc from PacerMonitor.com at
no charge.

             About Full X Tech

Full X Tech, Corp. is a privately owned company in Miami, that
wholesales computers, computer equipment, cellphones, telephones,
network devices and printers.

Full X Tech sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 19-19461) on July 17, 2019. At the
time of the filing, the Debtor was estimated to have assets of
between $500,000 and $1 million and liabilities of between $1
million and $10 million. The case has been assigned to Judge Robert
A. Mark. The Debtor is represented by Sagre Law Firm, P.A.


GREENWAY SERVICES: Caterpillar Says Plan Patently Unconfirmable
---------------------------------------------------------------
Caterpillar Financial Services Corporation submitted its objection
to the Disclosure Statement filed by Greenway Services, Inc.

CFSC points out that if the proposed Plan is patently unconfirmable
on its face, the application to approve the disclosure statement
must be denied, as solicitation of the vote would be futile.

CFSC further points out that Class 2B of the proposed Plan relates
to the Debtor's Lease of the Excavator from CFSC.  The proposed
Plan provides the Lease "will be converted into a purchase contract
and the remaining balance due under the terms of the lease and
contract will be paid out by regular monthly payments in the amount
of $852 per month commencing in November, 2019. This obligation
shall be paid with interest at the usual and customary rate of the
creditor for equipment of this nature." (Plan, Class 2B).

CFSC asserts that the Debtor does not have the right to convert an
unexpired lease into secured financing under a plan of
reorganization.  As such, CFSC objects to the proposed treatment of
the Lease through the proposed Plan.

CFSC complains that the Debtor cannot divest CFSC of ownership of
the Excavator by converting the Lease into secured financing.

According to CFSC, in order to assume the Lease under the proposed
Plan, the Debtor must cure all defaults under the Lease, compensate
CFSC for its actual pecuniary loss as a result of such defaults and
provide adequate assurance of its future performance under the
Lease.

Counsel for Caterpillar Financial Services Corporation:

     Brandy M. Rapp
     WHITEFORD, TAYLOR & PRESTON, L.L.P.
     10 S. Jefferson Street, Suite 1110
     Roanoke, VA 24011
     Tel: (540) 759-3577
     Fax: (540) 759-3567
     E-mail: brapp@wtplaw.com

                   About Greenway Services

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

Greenway was founded in 2008 by Mark Osborne and its initial
business was to provide reclamation services to the coal industry.
Thereafter, it branched into the excavating business.  The company
filed its Chapter 11 petition because of a series of lawsuits
against it as a result of past due balances due to creditors and
threats of repossession of its equipment.

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


GREENWAY SERVICES: US Trustee Questions Financial Condition
-----------------------------------------------------------
John P. Fitzgerald, III, Acting United States Trustee for Region
Four, objects to the approval of Greenway Services, Inc.'s
Disclosure Statement.

The Disclosure Statement does not contain adequate information.
The Disclosure Statement provides inadequate information concerning
the funding of the plan.

"By way of example and not in limitation, the Disclosure Statement
fails to inform the creditors that the receivables that will
allegedly fund payments are: subject to disputes; or are of
doubtful collectability.  By way of example and not in limitation,
the Debtor scheduled the receivable allegedly owed by Palmetto as
being worth $700,000 and subject to "ongoing" arbitration.  At the
meeting of creditors held on July 25, 2019, the Debtor indicated
that: (i) it had already gone through a failed mediation with
Palmetto; (ii) it did not have counsel representing it regarding
Palmetto because it could not pay the retainer required by counsel;
and (iii) it had, that day (July 25, 2019), reached a resolution
with a slow paying client that would allow it to retain counsel
relative to Palmetto such that an application to employ counsel
would be filed.  The Debtor, however, has taken no action
postpetition to retain counsel and advance the arbitration that was
allegedly pending on the petition date," according to the U.S.
Trustee.

The U.S. Trustee also claims that the Debtor's Disclosure Statement
fails to adequately inform parties in interest of the Debtor's
financial condition and apparent administrative insolvency.

"By way of example and not in limitation, during the postpetition
period the Debtor has not made any payments to, for example, John
Deere for a 210 GLC excavator and Eager Beaver trailer.  The John
Deere equipment is necessary for the Debtor's operations (based on
the Debtor's opposition to the motion for relief from the stay
filed by John Deere and the Debtor's intention to retain the
equipment as stated in the Disclosure Statement)."

Moreover, the U.S. Trustee claims the Disclosure Statement fails to
adequately address the provisions of 11 U.S.C. Sec. 1129(b) in
light of the apparent intention for the Debtor's principal to
retain his interest in the Debtor even though the plan does not
appear to ensure the creditors will be paid in full.

                     About Greenway Services

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

Greenway was founded in 2008 by Mark Osborne and its initial
business was to provide reclamation services to the coal industry.
Thereafter, it branched into the excavating business.  The company
filed its Chapter 11 petition because of a series of lawsuits
against it as a result of past due balances due to creditors and
threats of repossession of its equipment.

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


GROWCO INC: Jan. 29 Hearing on Disclosure Statement Set
-------------------------------------------------------
The hearing to consider the adequacy of and to approve the
Disclosure Statement of GrowCo, Inc., will be held on Wednesday,
Jan. 29, 2020, at 2:00 p.m., in Courtroom B, United States
Bankruptcy Court for the District of Colorado, United States Custom
House, 721 19th Street, Denver, Colorado.

Objections to the Disclosure Statement must be filed and served on
or before Jan. 15, 2020.

As reported in the Troubled Company Reporter, debtor GrowCo, Inc.,
filed with the U.S. Bankruptcy Court for the District of Colorado a
plan of reorganization and a disclosure statement.  Without this
reorganization and additional capital raises through VitaNova, LLC,
directed to GCP 1 and GCP 2 for operations, the Debtor's assets
will be worth almost nothing in a liquidation.  Distributions to
Class 4 claimants will not exceed the amount of
the allowed unsecured claims plus interest at 2.5% per annum.
Equity interest holders (Class 12) will retain their equity
interests.

A full-text copy of the Disclosure Statement is available at
https://tinyurl.com/s2a7buu from PacerMonitor.com at no charge.

                       About GrowCo Inc.

GrowCo, Inc., was incorporated on May 4, 2014 by John R. McKowen as
the funding vehicle for two large scale commercial greenhouse
operations in Pueblo, Colorado.  It was originally intended that
the greenhouses would be leased to commercial marijuana growers.
It was also intended that after the greenhouses were operational,
GrowCo would provide financial management services for tenants who
would lease the greenhouses.  GrowCo was originally  organized as a
wholly-owned  subsidiary of Two Rivers Water and Farming Company.
Three related entities were also created between 2014 and the
bankruptcy filing: GCP 1 was formed to own the first greenhouse;
GCP 2 was formed to own the second greenhouse; and GCP SU was
formed to provide additional capital for the greenhouse buildouts.

GrowCo, Inc., sought Chapter 11 protection (Bankr. D.C. Case No.
19-10512) on Jan. 24, 2019.  At the time of filing, the Debtor was
estimated to have assets and debt are $1 million to $10 million.
The case is assigned to Hon. Joseph G. Rosania Jr.

The Debtor is represented by:

        WADSWORTH GARBER WARNER CONRARDY, P.C.
        David V. Wadsworth
        David J. Warner
        2580 W. Main St., Suite 200
        Littleton, CO 80120
        Tel: (303) 296-1999
        Fax: (303) 296-7600


HARVEST PLASMA: $52K Sale of Equipment to Dighe Approved
--------------------------------------------------------
Judge Jefferey A. Deller of the U.S. Bankruptcy Court for the
Western District of Pennsylvania authorized Harvest Plasma Torch
Corp.'s sale of: (1) one JLG model 600AJ manlift, (2) one crown
lift pallet lift machine; and (3) one Toyota forklift, model no.
8FGU30, serial no. 14668, to Dighe Technologies Corp. or its
assignee or designee for $52,000.

The sale is free and clear of all liens, claims and encumbrances.

The Equipment is to be sold to the Buyer "as is-where is, with all
faults" without any representations or warranties from the Debtor
as to the quality or fitness of such assets for either their
intended use or any other purpose, and the Buyer will pay upon
delivery of the Equipment.

The 14-day stay otherwise imposed by Bankruptcy Rule 6004(h) is
waived, and the Sale Order will be effective immediately upon
entry.

The closing of the sale must occur within 10 business days from the
entry of the Order.

The Purchaser:

        DIGHE TECHNOLOGIES CORP.
        199 Katherine Drive
        Irwin, PA 15642

                 About Harvest Plasma Torch Corp.

Harvest Plasma Torch is an industrial torch company that
manufactures high temperature torches to convert solid waste into
synthetic gas, which can be used to generate electricity.

On May 10, 2019, creditors Ronald Klatt, William Grichin and Denton
Hough filed an involuntary Chapter 11 petition against the company
(Bankr. W.D. Pa. Case No. 19-21929).  The case is assigned to Judge
Jeffery A. Deller. Bernstein-Burkley, P.C., is the Debtor's
bankruptcy counsel.


HERITAGE HOTEL: Ping Pong Objects to Plan Disclosures
-----------------------------------------------------
Ping Pong Partners, LLC, objects to the Disclosure Statement for
Heritage Hotel Associates, LLC's Plan of Liquidation proposed in
the bankruptcy case.

Ping Pong points out that the Disclosure Statement is lamentably
laconic, but even the following tersely telling passages pellucidly
portray a scenario in which Heritage attempts to (a) disregard Ping
Pong's position as assignee of F2R's option to purchase the Retail
Parcel, and (b) absolve itself of prepetition liability to Ping
Pong, the Ping Pong Unliquidated Claim, as well as likely liability
to F2R, while equity of Heritage walks away from this
Reorganization with a net $3,000,000.

Ping Pong points out that the Disclosure Statement contains the
provisions that Ping Pong finds to be problematic because they
offer a glimpse into the problems ahead without providing all of
the necessary information for Ping Pong and possibly others.

Ping Pong complains that the Disclosure Statement fails to provide
"adequate information" regarding the Plan, as that term is utilized
in Bankruptcy Code Sec. 1125(a), in that:

   a. the Disclosure Statement fails to explain who if anyone is
entitled to vote for the Plan;

   b. the Disclosure Statement fails to account for classification
of claims in any meaningful respect;

   c. the Disclosure Statement fails to explain how F2R could
acquire the Retail Parcel after having assigned its position to
Ping Pong, and how rejection or assumption implicate F2R when Ping
Pong is the real party in interest;

   d. the Disclosure Statement fails to explain that F2R plans to
defeat its obligations under the option as assigned to Ping Pong by
claiming that closing with Heritage under the option was a
condition precedent to conveyance to Ping Pong that never arose,
because Heritage would be selling under the Rejection Motion on
terms that technically extinguish the option;

   e. the Disclosure Statement fails to address the in rem rights
of Ping Pong with respect to the Retail Parcel, as well as issues
relating to the Party Wall;

   f. the Disclosure Statement fails to address the Ping Pong
Unliquidated Claim that would arise in the event that the Rejection
Motion is granted as assumed in the context of the Plan;

   g. the Disclosure Statement fails to address the problems
associated with attempting to convey the Retail Parcel to F2R after
F2R has assigned the option to Ping Pong, especially given the fact
that both Heritage and F2R would then seek to avoid in rem and in
personam liabilities to Ping Pong by relying upon this Court's
permitted rejection of the option to excuse closing with Ping Pong;


   h. the Disclosure Statement fails to show the marketing efforts
of Heritage in advance of seeking bankruptcy protection, and omits
any reference to Ping Pong's willingness to acquire the entire
Heritage Tract if this will resolve all the other problems as
between the parties; and

   i. Heritage fails to explain how Ping Pong will receive the
indubitable equivalent of its allowed anticipated claim, and its
real property interest, if the Plan is implemented in a manner
consistent with the relief requested in the Pending Motions.

Ping Pong asserts that at a minimum, the Disclosure Statement must
be supplemented to address the Ping Pong's foregoing concerns.

A full-text copy of the objection is available at
https://is.gd/kYpUw8 from PacerMonitor.com free of charge.

Attorneys for Ping Pong:

   JOHN A. ANTHONY
   ANDREW J. GHEKAS
   Anthony & Partners, LLC
   201 N. Franklin Street, Suite 2800
   Tampa, Florida 33602
   Tel: (813) 273-5066
   Fax: (813) 221-4113
   E-mail: janthony@anthonyandpartners.com
           aghekas@anthonyandpartners.com

                 About Heritage Hotel Associates

Heritage Hotel Associates, LLC, is a single asset real estate
debtor (as defined in 11 U.S.C. Section 101(51B)).  Heritage Hotel
Associates sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 19-09946) on Oct. 21, 2019.  At the
time of the filing, the Debtor was estimated to have assets of
between $10 million and $50 million, and liabilities of between $1
million and $10 million.


HOSPITAL ACQUISITION: Unsecureds Get Nothing in Liquidating Plan
----------------------------------------------------------------
Hospital Acquisition LLC, et al., jointly propose a Combined
Disclosure Statement and Plan for the liquidation of the Debtors'
remaining assets and distribution of the proceeds of the assets to
the holders of allowed claims.

At an auction in August 2019, PAM Squared, LLC, LifeCare 2.0, LLC,
and Select Medical Corporation, were the successful bidders for
certain of the Debtors' assets.  The total amount of cash
consideration achieved through the sales was approximately $34.5
million, plus the $5 million PAM Note, the satisfaction of
approximately $4 million worth of postpetition accounts receivable,
$2 million of stub-rent claims, and $11 million of cure
obligations.  The Debtors' accounts receivable and equity interests
in LifeCare Home Health Acquisition, LLC, were not sold in
connection with the sales.

The Combined Disclosure Statement and Plan provides for the assets,
to the  extent not already liquidated, to be liquidated over time
and the proceeds  thereof to be distributed to holders of allowed
claims.  The Liquidating  Trustee will effect such liquidation and
distributions.   

The Plan treats claims and interests a follows:

  * Class 3: Prepetition Priming Term Loan Claims totaling $8.833
million are impaired but will recover 100%.  They will receive a
pro rata share of the "distribution proceeds" until the claims are
paid in full.

  * Class 4: Prepetition Second Term Facility Claims totaling
$145.079 million will recover 6.1%.  They will receive a pro rata
share of the distribution proceeds remaining after payment in full
of the Prepetition Priming Term Loan Claims.

  * Class 5: General unsecured claims are not entitled to receive
any Distribution or retain any property under the Plan on account
of such Claims.

  * Class 7: Interests will be extinguished as of the Effective
Date, and owners thereof shall receive no Distribution on account
of such Interests.

A hearing has been scheduled for Jan. 14, 2020 at 10:00 a.m.
(prevailing Eastern Time) at the Bankruptcy Court, 824 North Market
Street, 6th Floor, Courtroom 1, Wilmington, Delaware 19801 to
consider (a) final approval of the Disclosure Statement as
providing adequate information pursuant to Bankruptcy Code section
1125 and (b) confirmation of the Plan pursuant to Bankruptcy Code
section 1129.

Any objection to final approval of the Combined Disclosure
Statement and Plan as providing adequate information pursuant to
Section 1125 or confirmation of the Plan must be made in writing
and filed with the Bankruptcy Court and served by no later than
[January 3], 2020 at 4:00 p.m. (prevailing Eastern Time).

A full-text copy of the Combined Disclosure Statement and Joint
Chapter 11 Plan dated November 27, 2019, is available at
https://tinyurl.com/vjnae7e from PacerMonitor.com at no charge.

Counsel for the Debtors:

     Scott Alberino
     Kevin M. Eide
     AKIN GUMP STRAUSS HAUER & FELD LLP
     2001 K Street, N.W.
     Washington, DC 20006
     Telephone: (202) 887-4000
     Facsimile: (202) 887-4288

     Sarah Link Schultz
     2300 N. Field Street, Suite 1800
     Dallas, Texas 75201
     Telephone: (214) 969-2800
     Facsimile: (214) 969-4343

     M. Blake Cleary
     Jaime Luton Chapman
     Joseph M. Mulvihill
     Betsy L. Feldman
     YOUNG CONAWAY STARGATT & TAYLOR, LLP
     Rodney Square
     1000 North King Street
     Wilmington, Delaware 19801
     Telephone: (302) 571-6600
     Facsimile: (302) 571-1253

                  About Hospital Acquisition

Headquartered in Plano, Texas, and founded in 1992, Hospital
Acquisition LLC and its subsidiaries were a leading operator of
long-term acute care hospitals.

Hospital Acquisition LLC and its subsidiaries, including LifeCare
Holdings, LLC, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Lead Case No. 19-10998) on May 6, 2019.  

Hospital Acquisition was estimated to have assets of $100 million
to $500 million and liabilities of $100 million to $500 million.
As of the Petition Date, the Debtors' total consolidated long-term
debt  obligations  were approximately $185 million.

The Debtors tapped Akin Gump Strauss Hauer & Feld LLP and Young
Conaway Stargatt & Taylor, LLP as counsel; Houlihan Lokey, Inc. as
financial advisor; BRG Capital Advisors LLC as investment banker;
Prime Clerk LLC as claims and noticing agent; and Crowe LLP as its
audit and tax advisor.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on May 17, 2019. Greenberg Traurig, LLP, is the
committee's legal counsel.

Jerry Seelig of Seelig + Cussigh HCO LLC was appointed as the
patient care ombudsman in the Debtors' cases.  Perkins Coie LLP and
Morris James LLP represent the PCO as legal counsel.


JIT INDUSTRIES: Plan Has Distribution for Unsecured Creditors
-------------------------------------------------------------
JIT Industries, Inc., filed an Amended Plan of Reorganization.

The Plan, which provides for the payment of administrative and
priority claims and which provides a distribution to general
unsecured creditors, provides the unsecured creditors with a
greater distribution than they would receive in Chapter 7.
Further, the Plan is designed to maximize the value of the Debtor's
assets for the benefit of creditors.  The Debtor may hold assets
or improve them or take whatever action is necessary to secure the
maximum value.

The Plan treats claims and interests a follows:

   * Class 1 - Secured Claim (Hill/Hill/Overbee). IMPAIRED. The
creditors in this class's allowed secured claim will be paid in
full through quarterly installment payments of $15,000 until the
allowed claim is paid in full. This creditor will retain all
security interests in any collateral.  New payments will begin on
the Effective Date.

   * Class 2 - General Unsecured Claims. IMPAIRED. Beginning on the
Effective Date, the Debtor will make a one-time, upfront payment of
$51,000, split on a pro-rata basis between all creditors in this
class.  Thereafter, beginning one month after the Effective Date,
the Debtor will begin making monthly payments of $6,250, split on a
pro-rata basis between all creditors in this Class, for a term of
60 months.

   * Class 3 - De Minimis Claim. IMPAIRED. City of Huntsville's
claim totals $157.44, of which $107.44 is a priority claim and
$50.00 in general unsecured. The Debtor will pay the priority
portion in full and 33% of the general unsecured portion of the
within 10 days of the Effective Date.  The Internal Revenue
Service's general unsecured claim totals $3,120.  The Debtor will
pay 33% of the allowed claim within 10 days of the Effective Date.

   * Class 4 - Interests of Equity Interest Holders in Debtor.
IMPAIRED. Equity interest holders will retain their membership
interests in Debtor and, in order to comply with the new value
exception to the absolute priority rule, will contribute the sum of
$1,000 to the Debtor entity by or before the Plan's Effective
Date.

The Debtor's normal cash flow shall be the sole source of funds for
the payments to creditors authorized by the U.S. Bankruptcy Court's
confirmation of this Plan.

A full-text copy of the Amended Plan of Reorganization dated Nov.
27, 2019, is available at https://tinyurl.com/ukchvsc from
PacerMonitor.com at no charge.

Attorneys for the Debtor:

     Tazewell T. Shepard III
     Tazewell T. Shepard IV
     SPARKMAN, SHEPARD & MORRIS, P.C.
     P. O. Box 19045
     Huntsville, AL 35804
     Tel: (256) 512-9924
     Fax: (256) 512-9837

                     About JIT Industries

JIT Industries, Inc., a company based in Hartselle, Alabama,
manufactures, repairs and services fluid power, process control,
mil-spec fasteners and aerospace hardware.

JIT Industries sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ala. Case No. 18-80892) on March 23, 2018.  In
the petition signed by Ginger McComb, president, the Debtor was
estimated to have assets of less than $500,000 and liabilities of
$1 million to $10 million.  Judge Clifton R. Jessup Jr. oversees
the case.  The Debtor is represented by Tazewell T. Shepard, Esq.,
at Sparkman, Shepard & Morris, P.C., in Huntsville, Alabama.


K3D PROPERTY: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: K3D Property Services, LLC
          DBA Builder Ready
          DBA Painter Ready
          DBA FoamChattanooga
          DBA ChattanoogaFoam
          DBA FoamChatt
          DBA FoamNooga
          DBA NoogaFoam
          DBA Flooring Ready
          DBA The Ready Family
          DBA Hemlock Homes
          DBA Painter Ready of Chattanooga
          DBA Electrician Ready
        5613 Tennessee
        Chattanooga, TN 37409

Business Description: K3D Property Services, LLC offers a variety
                      of services, including home remodeling,
                      basement finishing, drywall installation and

                      finishing, tile installation, carpet
                      installation, wall framing, bathroom
                      remodeling, kitchen remodeling, deck
                      installation and maintenance, interior and
                      exterior painting, commercial painting,
                      wallpaper and popcorn ceiling removal, deck
                      staining, concrete floor coatings, and metal
                      roof painting.  The company also offers new
                      home construction services.  Visit
                      https://www.builderreadytn.com,
                      https://www.painterreadychatt.com, and
                      http://www.hemlockhomes.bizfor more
                      information.

Chapter 11 Petition Date: December 23, 2019

Court: United States Bankruptcy Court
       Eastern District of Tennessee

Case No.: 19-15361

Judge: Hon. Shelley D. Rucker

Debtor's Counsel: Steven R. Fox, Esq.
                  THE FOX LAW CORPORATION, INC.
                  17835 Ventura Blvd.
                  Suite 306
                  Encino, CA 91316
                  Tel: (818) 774-3545
                  Tel: srfox@foxlaw.com

                    - and -

                  Amanda Stofan, Esq.
                  FARINASH & STOFAN
                  100 West M L King Blvd, Ste 816
                  Chattanooga, TN 37402
                  Tel: (423) 805-3100
                  E-mail: amanda@8053100.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kenneth Morris, managing member.

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

                   https://is.gd/JFXUbe


LICK INDUSTRIES: Sale & Contribution to Fund Plan Payments
----------------------------------------------------------
Lick Industries, LLC, has proposed a Chapter 11 plan.

General unsecured creditors in Class 5 totaling $312,232.94 will be
paid on a pro rata basis to the extent funds become available from
(1) the sale of the properties and (2) recovery of Debtor's claim
against Rockies Renovations, LLC.

The Plan will be funded from sale of real estate, collection of
judgment and contribution of income:

   * Within 30 days of the Effective Date, the Debtor will file an
application to appoint a realtor to list and sell, following proper
notice and court approval, the following properties: 637 S.
Connecticut Ave, Royal Oak, MI 48067 and 312 East University Ave.,
Royal Oak, MI 48067.  While the properties are marketed for sale,
Debtor also intends to pursue alternative financing in an amount
sufficient to pay all allowed secured claims that are secured by
the properties.  If Debtor's efforts to obtain alternative
financing are successful, the listings will be withdrawn, and the
allowed secured claims paid in full.  In the event that, two years
following the Effective Date, the Debtor has received no reasonable
offers for purchase of any given property and Debtor is unable to
obtain alternative financing or contribute new value, then the
Debtor will elect (1) to surrender the property to such creditor or
creditors holding allowed secured claims against such property.

   * The Debtor is presently seeking, and will continue to seek
post-confirmation, to collect on its judgment against Rockies
Renovations, LLC, in the amount of $440,105.  To the extent Debtor
recovers any funds from this judgment, such funds will be
contributed to the Plan.

   * The Debtor will contribute its projected disposable income in
the aggregate amount of $13,000 over the plan duration, payable in
four semi-annual installments of $3,250, to be divided pro-rata
among the General Unsecured Creditors.  The first installment will
be paid no later than the date that is 6 months following the
Effective Date.  The second installment will be paid no later than
the date that is 12 months following the Effective Date.  The third
installment shall be paid no later than the date that is 18 months
following the Effective Date.  The fourth and final installment
shall be paid no later than the date that is 24 months following
the Effective Date.

A full-text copy of the Debtor's Combined Plan and Disclosure
Statement dated November 27, 2019, is available at
https://tinyurl.com/rcsq2my from PacerMonitor.com at no charge.

Attorneys for Lick Industries:

      Anthony J. Miller
      OSIPOV BIGELMAN P.C.
      20700 Civic Center Drive, Suite 420
      Southfield, MI 48076
      Tel: (248) 663-1804
      Fax: (248) 663-1801

                      About Lick Industries

Lick Industries, LLC, is a Michigan Limited Liability Company in
the business of purchasing residential real estate in need of
repairs, completing such repairs, and subsequently selling the
rehabilitated real estate for a profit.

Lick Industries filed a voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 19-51017) on July 30,
2019, estimating under $1 million in both assets and liabilities.
Yuliy Osipov, Esq., at Osipov Bigelman, P.C., represents the
Debtor.


LITTLE GUYS: Employment of Auctioneer for Personal Property Okayed
------------------------------------------------------------------
Judge Jack Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized The Little Guys, Inc. to
employ Thomas K. Mowery and Heath Industrial Auction Services,
Inc., doing business as American Auction Associates, Inc., to
conduct a sale of its personal property located at its business
premises commonly known as 9700 197th Street, No. 109, Mokena,
Illinois.

A hearing on the Motion was held on Dec. 12, 2019.

The Debtor is authorized to reimburse Auctioneer for its expenses
up to a maximum of $4,000 and to pay the Auctioneer a commission of
10% of the gross sales proceeds, without further order of the
Court.

In addition, the Auctioneer is authorized to charge a buyer's
premium to the buyers of the assets.

Notice of the motion pursuant to Rule 2002(a)(2) of the Federal
Rules of Bankruptcy Procedure is reduced to seven days for cause
shown as permitted in FRBP 9006(c)(1).

                      About The Little Guys

The Little Guys Inc. is a home automation company in Mokena,
Illinois.  The company offers sales service and installation of the
latest technology in home theater, stereo and surround sound, whole
house audio and video, automation and control, and energy
management.

The Little Guys, Inc., sought Chapter 11 protection (Bankr. N.D.
Ill. Case No. 19-27753) on Sept. 30, 2019.  In the petition signed
by David Wexler, secretary, the Debtor was estimated to have up to
$50,000 in assets and liabilities of $1 million to $10 million. The
Hon. Jack B. Schmetterer is the case judge.  The LAW OFFICES OF
JOEL A. SCHECHTER is the Debtor's counsel.


MABVAX THERAPEUTICS: Unsecureds to Recover 3% Under Plan
--------------------------------------------------------
Mabvax Therapeutics Holdings, Inc., et al., filed a Combined
Disclosure Statement and Joint Plan of Liquidation and pursuant to
sections 1125 and 1129 of the Bankruptcy Code.

At an auction in May 2019, BioNTech emerged as the winning bidder
for substantially all the Debtors' assets, including certain
equipment and laboratory furnishings, for (i) $3,915,000 in cash
plus (ii) BioNTEch assumed all cure costs with respect to certain
assumed executory contracts and an unexpired lease.  From the sale
proceeds received, the Debtors paid $3,220,000 to Oxford, its fully
secured prepetition lender, in full satisfaction of all amounts
owed.

Under the Plan, holders of general unsecured claims totaling
$4,822,339.77 will recover 3 percent under the Plan.  The plan
administrator shall pay each claim holder its pro rata share of
available cash.  Subsequent distributions shall be made if
additional Available Cash is received.

Equity interests will be cancelled, and of no further force or
effect.  Each interest holder will neither receive nor retain any
property or interest in property on account of the interests.

A full-text copy of the Combined Disclosure Statement and Joint
Plan of Liquidation For Debtors dated Nov. 27, 2019, is available
at https://tinyurl.com/r9vkvgg from PacerMonitor.com at no charge.

Counsel to the Debtors:

     Frederick B. Rosner
     Scott J. Leonhardt
     Jason A. Gibson
     Zhao (Ruby) Liu
     THE ROSNER LAW GROUP LLC
     824 N Market Street, Suite 810
     Wilmington, Delaware 19801
     Tel: (302) 777-1111
     E-mail: rosner@teamrosner.com
             leonhardt@teamrosner.com
             gibson@teamrosner.com
             liu@teamrosner.com

                 About MabVax Therapeutics

MabVax Therapeutics -- https://www.mabvax.com/ -- is a
clinical-stage biotechnology company with a fully human antibody
discovery platform focused on the rapid translation into clinical
development of products to address unmet medical needs in the
treatment of cancer.

MabVax Therapeutics Holdings, Inc. and MabVax Therapeutics, Inc.
each filed a voluntary Chapter 11 petition (Bankr. D. Del. Case No.
19-10603 and 19-10604, respectively) on March 21, 2019.  At the
time of filing, MabVax Therapeutics Holdings was estimated to have
$100,000 to $500,000 in assets and $1 million to $10 million in
liabilities.  MabVax Therapeutics, Inc., was estimated to have up
to $50,000 in assets and liabilities.  

Jason A. Gibson, Esq., at the Rosner Law Group LLC, is the Debtors'
bankruptcy counsel.


MANNKIND CORP: Agrees to Amend Warrants Issued to CVI Investments
-----------------------------------------------------------------
MannKind Corporation, on Dec. 26, 2018, issued a warrant to
purchase 11,750,000 shares of the Company's common stock to CVI
Investments, Inc. in connection with an underwritten public
offering of the Company's common stock and warrants to purchase
shares of its common stock, which was made pursuant to the
Company's registration statement on Form S-3, previously filed with
the Securities and Exchange Commission and declared effective by
the SEC on April 27, 2016, and a prospectus supplement thereunder.

On Dec. 23, 2019, the Company and CVI agreed to amend the Warrant
to provide that (i) commencing immediately following the Company's
filing of this Current Report on Form 8-K with the SEC, and ending
at 9:30 a.m. (New York City time) on Dec. 23, 2019, the exercise
price per share for 4,500,000 Warrant Shares will be equal to
$1.311 but only with respect to a cash exercise under Section 2(a)
of the Warrant and (ii) if and only if CVI purchases at least
4,500,000 Warrant Shares pursuant to a cash exercise of the Warrant
under Section 2(a) of the Warrant prior to 5:00 p.m. (New York City
time) on Dec. 26, 2019, the termination date of the Warrant will be
extended to June 26, 2020.

                       About MannKind Corp

MannKind Corporation (NASDAQ: MNKD) -- http://www.mannkindcorp.com
-- focuses on the development and commercialization of inhaled
therapeutic products for patients with diseases such as diabetes
and pulmonary arterial hypertension.  MannKind is currently
commercializing Afrezza (insulin human) Inhalation Powder, the
Company's first FDA-approved product and the only inhaled
rapid-acting mealtime insulin in the United States, where it is
available by prescription from pharmacies nationwide.  MannKind is
headquartered in Westlake Village, California, and has a
state-of-the art manufacturing facility in Danbury, Connecticut.
The Company also employs field sales and medical representatives
across the United States.

MannKind incurred a net loss of $86.97 million in 2018, following a
net loss of $117.3 million in 2017.  As of Sept. 30, 2019, the
Company had $95.14 million in total assets, $279.85 million in
total liabilities, and a total stockholders' deficit of $184.71
million.

Deloitte & Touche LLP, in Los Angeles, California, issued a "going
concern" qualification in its report dated Feb. 26, 2019, on the
Company's consolidated financial statements for the year ended Dec.
31, 2018, citing that the Company's available cash resources and
continuing cash needs raise substantial doubt about its ability to
continue as a going concern.


MDIG OF WASHINGTON: Case Summary & Unsecured Creditors
------------------------------------------------------
Two affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

     Debtor                                     Case No.
     ------                                     --------
     MDIG of Washington PLLC                    19-16026
     10835 N. 25th Ave., Ste 240
     Phoenix, AZ 85029

     MDIG of Pennsylvania, LLC                  19-16025
     10835 N. 25th Ave., Ste 140
     Phoenix, AZ 85029

Business Description: The Debtors are providers of
                      diagnostic radiology services.

Chapter 11 Petition Date: December 23, 2019

Court: United States Bankruptcy Court
       District of Arizona

Judges: Hon. Madeleine C Wanslee (19-16026)
        Hon. Eddward P Ballinger Jr. (19-16025)

Debtors' Counsel: Michael Carmel, Esq.
                  MICHAEL W. CARMEL, LTD.
                  80 E. Columbus Ave
                  Phoenix, AZ 85012
                  Tel: (602) 264-4965
                  Email: michael@mcarmellaw.com

MDIG of Washington's
Estimated Assets: $1 million to $10 million

MDIG of Washington's
Estimated Liabilities: $1 million to $10 million

MDIG of Pennsylvania's
Estimated Assets: $1 million to $10 million

MDIG of Pennsylvania's
Estimated Liabilities: $1 million to $10 million

The petitions were signed by Dr. Christian Ingui, manager.

A copy of MDIG of Washington's petition containing, among other
items, a list of the Debtor's four unsecured creditors is available
from PacerMonitor for free at:

                     https://is.gd/HhfNJF

A copy of MDIG of Pennsylvania's petition containing, among other
items, a list of the Debtor's three unsecured creditors is
available from PacerMonitor for free at:

                     https://is.gd/Kgilwb


MIDWAY OILFIELD: Has Committee-Backed Liquidating Plan
------------------------------------------------------
Midway Oilfield Constructors, Inc., filed a Chapter 11 plan that
seeks to liquidate its assets which have not already been sold or
reduced to cash and distribute the proceeds as provided in the
Plan.

The Official Committee of Unsecured Creditors has been actively
involved in the formulation of the Plan.  After considering other
available options, the Committee believes the Plan is the best way
to maximize value for unsecured  creditors.  Accordingly, the
Committee supports confirmation of the Plan.    Accordingly, the
Committee recommends that all unsecured creditors vote to accept
the Plan.

The Plan proposes to treat claims a follows:

   * Class 1 - Administrative Claims of Triumph.  IMPAIRED.  Total
claim  $481,166.22.  Triumph will receive 100% of the Insurance
Audit Refund within fourteen (14) days of the later of (i) the
Confirmation Date, or (ii) receipt of the Insurance Audit Refund.

   * Class 2 - Administrative Claims.  IMPAIRED.  Total claim of
amount greater than $7,500.00.  Holders of Allowed Class 2
administrative claims will receive a Pro Rata share of Net Existing
Cash within thirty (30) days of the Confirmation Date.

   * Class 3 - Administrative Claims Convenience Class.  IMPAIRED.
Total claim  less than or equal to $7,500.00.  Holders of Allowed
Class 3 administrative claims will be paid in full from Net
Existing Cash, without interest, within 30 days of the Confirmation
Date.

   * Class 4 - Administrative Claims of Insiders & Affiliates.
IMPAIRED.  The Holders of Class 4 Claims shall be permitted to
offset any amount due Midway but shall otherwise receive no payment
until the until the Allowed Class 1, Class 2, Class 3, Class 6,
Class 7 and Class 8 Claims are paid in full.

   * Class 5 - Secured Claims.  IMPAIRED.  To the extent collateral
has not previously been sold or surrendered to a Holder of a
Secured Claim, Midway will

       i. surrender the collateral to the Holder of the Allowed
Secured Claim, or

      ii. be given such other treatment as may be agreed to between
the Holder of such Allowed Secured Claim and Midway.

   * Class 6 - Priority Wage Claims.  IMPAIRED.  After payment in
full of all Allowed Class 1, Class 2 and Class 3 Claims, Holders of
Allowed Class 6 Priority Wage Claims will receive a Pro Rata share
of remaining Net Trust Distributable Assets until all Class 6
Claims are paid in full or the Net Trust Distributable Assets are
fully depleted.

   * Class 7 – Priority Claim of United Healthcare. IMPAIRED.
After payment in full of all Allowed Class 1, Class 2, Class 3 and
Class 6 Claims, United Healthcare will receive a Pro Rata share of
remaining Net Trust Distributable Assets until its Claim paid in
full or the Net Trust Distributable Assets are fully depleted.

   * Class 8 - Priority Tax Claims. IMPAIRED. After payment in full
of all Allowed Class 1, Class 2, Class 3, Class 6 and Class 7
Claims, Holders of Allowed Class 8 Priority Tax Claims will receive
a Pro Rata share of remaining Net Trust Distributable Assets until
all Class 8 Claims are paid in full or the Net Trust Distributable
Assets are fully depleted.

   * Class 9 - Allowed Claims of General Unsecured Creditors.
IMPAIRED. After payment in full of all Allowed Class 1, Class 2,
Class 3 Class 6, Class 7 and Class 8 Claims, Holders of Allowed
Class 9 Unsecured Claims will receive a Pro Rata share of remaining
Net Trust Distributable Assets until all Class 9 Claims are paid in
full.

   * Class 10 - Allowed Claims of Insiders & Affiliates. IMPAIRED.
After payment in full of all Allowed Class 1, Class 2, Class 3,
Class 4, Class 6, Class 7, Class 8 and Class 9 Claims, Holders of
Allowed Class 10 Claims will receive a Pro Rata share of remaining
Net Trust Distributable Assets until all Class 10 Claims are paid
in full.

   * Class 11 - Allowed Interests of Equity Holders. IMPAIRED.
After payment in full of all Allowed Class 1, Class 2, Class 3,
Class 4, Class 6, Class 7, Class 8, Class 9, and Class 10 Claims,
Holders of Allowed Class 11 Equity Interests will receive a rata
share of remaining Net Trust Distributable Assets proportionate to
their Interest in Midway.

Midway will fund its Plan from the following assets:

   (1) The Insurance Audit Refund which includes all reimbursements
due to Midway from overpaying its insurance premiums and which are
secured by a priming lien in favor of Triumph;

   (2) Net Existing Cash which includes all Midway’s cash on hand
on the Effective Date other than the Insurance Audit Refund;

   (3) The Disputed Claims Reserved established to hold cash equal
to the aggregate amount of money that may be distributed on a
disputed administrative claim; and

   (4) Net Trust Distributable Assets which includes all other
assets and the proceeds, including but not limited to Other Assets
and Net Litigation Proceeds.

A full-text copy of the Disclosure Statement dated Nov. 27, 2019,
is available at https://tinyurl.com/vue62ob from PacerMonitor.com
at no charge.

Attorneys for the Debtor:

     Melissa A. Haselden
     Deirdre Carey Brown
     Vianey Garza
     HOOVER SLOVACEK LLP
     5051 Westheimer, Suite 1200
     Galleria Tower II
     Houston, Texas 77056
     Telephone: (713) 977-8686
     Facsimile: (713) 977-5395
     E-mail: haselden@hooverslovacek.com
             brown@hooverslovacek.com
             garza@hooverslovacek.com

             About Midway Oilfield Constructors

Midway Oilfield Constructors, Inc., provides construction services
to the upstream, midstream, and downstream sectors of the oil and
gas industry.  Based out of Midway, Texas, Midway provides services
across the State of Texas and Oklahoma.

On Aug. 15, 2018, Midway Oilfield Constructors filed its voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (S.D.
Tex. Case No. 18-34567).  The Debtor estimated $1 million to $10
million in assets and $10 million to $50 million in liabilities as
of the bankruptcy filing.  Judge Marvin Isgur is the case judge.
The Debtor tapped Hoover Slovacek LLP as its legal counsel.
Hrdlicka White Williams & Aughtry, is the special tax counsel.

The Office of the U.S. Trustee on Nov. 14, 2018, appointed three
creditors to serve on an official committee of unsecured creditors
in the Chapter 11 case.  The committee members are: (1) Buffalo Gap
Instrumentation & Electric Co. Inc.; (2) Sun Coast Resources, Inc.;
and (3) Baldwin Redi-Mix Co., Inc.   Lugenbuhl Wheaton Peck Rankin
& Hubbard, is counsel to the Committee.


NSPIRE HEALTH: Jan. 8 Hearing on Disclosure Statement Set
---------------------------------------------------------
Judge Michael E. Romero has ordered that the hearing to consider
the adequacy of and to approve the Disclosure Statement of nSpire
Health, Inc., et al., will be held at 10:30 a.m. on Wednesday, Jan.
8, 2020, in Courtroom C, U.S. Bankruptcy Court, U.S. Custom House,
721 19th Street, Denver, Colorado.

Objections to the Disclosure Statement shall be filed and served on
or before January 2, 2020.

                     About nSpire Health

NSpire Health -- http://www.nspirehealth.com/-- is a global
respiratory information systems software developer and medical
device manufacturing company.  It is the exclusive provider and
developer of Iris (an Integrated Respiratory Information System),
KoKo pulmonary function testing, diagnostic spirometry, and
respiratory home monitoring devices.

NSpire Health, Inc. and its affiliate nSpire Health, LLC filed
voluntary Chapter 11 petitions (Bankr. D. Colo. Case No. 19-13271
and 19-13273) on April 22, 2019. In the petitions signed by Joseph
Fryberger, vice president of finance, the Debtors estimated $1
million to $10 million in both assets and liabilities.

Steven E. Abelman, Esq., at Brownstein Hyatt Farber Schreck, LLP,
represents the Debtors.


ORCHARD HILLS: Plan Budget & Liquidation Analysis Filed
-------------------------------------------------------
Orchard Hills Baptist Church, Inc. filed with the U.S. Bankruptcy
Court for the Northern District of Georgia a a copy of the
Liquidation Analysis and the Plan Budget for the pending Disclosure
Statement of its First Amended Plan of Reorganization.

The Debtor is represented by:

STONE & BAXTER, LLP
David L. Bury, Jr.
Ward Stone, Jr.
577 Mulberry Street, Suite 800
Macon, Georgia 31201
Tel: (478)750-9898; (478)750-9899 (fax)
Email: dbury@stoneandbaxter.com

             About Orchard Hills Baptist Church

Orchard Hills Baptist Church, Inc., a religious organization based
in Newnan, Ga., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 19-10897) on May 7, 2019.
At the time of the filing, the Debtor estimated assets of between
$1 million and $10 million and liabilities of between $1 million
and $10 million.


OWENS & MINOR: Moody's Lowers CFR to B3, Outlook Negative
---------------------------------------------------------
Moody's Investors Service downgraded Owens & Minor Inc.'s Corporate
Family Rating to B3 from B2 and the Probability of Default Rating
to B3-PD from B2-PD. Moody's also downgraded the ratings on the
senior secured credit facilities and notes to B3 from B2.
Concurrently, Moody's downgraded the Speculative Grade Liquidity
Rating, to SGL-4 from SGL-3, signifying weak liquidity. The outlook
was changed to negative.

The downgrade of the CFR reflects an increase in debt/EBITDA over
the past several quarters due to earnings declines. The downgrade
also reflects weakened liquidity due to deterioration in financial
covenant headroom and increasing refinancing risk, as the need to
refinance the 2021 maturity approaches. Liquidity is also
constrained by high mandatory debt amortization of about $50
million in 2020, which will exceed free cash flow in Moody's view.
While there is some evidence of stabilization of operating
performance in recent quarters, the downgrade reflects Moody's view
that adjusted debt to EBITDA will remain above 6.0x over the next
12-18 months.

Moody's took the following rating actions:

Owens & Minor, Inc.

Corporate Family Rating, downgraded to B3 from B2

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

Senior secured notes due 2021, downgraded to B3 (LGD3) from B2
(LGD3)

Gtd. senior secured notes due 2024, downgraded to B3 (LGD3) from B2
(LGD3)

Speculative Grade Liquidity rating, downgraded to SGL-4 from SGL-3

Outlook action:

Owens & Minor, Inc.

The outlook was changed to negative from stable.

Owens & Minor Medical, Inc.

Revolving credit facility expiring 2022, downgraded to B3 (LGD3)
from B2 (LGD3)

Secured term loan A-1 due 2022, downgraded to B3 (LGD3) from B2
(LGD3)

Secured term Loan A-2 due 2022, downgraded to B3 (LGD3) from B2
(LGD3)

Gtd. secured term Loan B due 2025, downgraded to B3 (LGD3) from B2
(LGD3)

Outlook assigned:

Owens & Minor Medical, Inc.

A negative outlook was assigned

RATINGS RATIONALE

Owens & Minor's B3 CFR is constrained by the company's high
financial leverage, weak liquidity and growing refinancing risk.
Moody's expects that adjusted debt to EBITDA will remain above 6.0x
over the next 12-18 months. The rating is also constrained by the
company's weak liquidity profile with modest operating cash flow
relative to capital expenditures and mandatory debt amortization.
The rating also reflects Owens & Minor's moderate scale relative to
competitors. With revenues of roughly $10 billion, Owens & Minor
competes against significantly larger companies, such as Cardinal
Health, Inc., which also has a more diversified product offering.
Further, Owens & Minor has low profit margins, illustrating the
challenges it faces due to pricing and margin pressure from both
its customers and suppliers. The ratings are supported by Moody's
view that the company's turnaround plan should help improve free
cash flow that will be used to reduce debt.

The Speculative Grade Liquidity Rating of SGL-4 reflects the
company's weak liquidity, including limited headroom under its
financial covenants and growing refinancing risk reflecting a
sizeable debt maturity in 2021. However, the company has access to
a $400 million committed revolving credit facility (of which just
over $200 million was available at September 30, 2019). At
September 30, 2019, Owens & Minor had cash of $97 million.

The negative outlook reflects the risk of a covenant breach and
further downward rating pressure if the company fails to address
its 2021 bond maturity and improve operating performance over the
next several quarters.

Owens & Minor has limited exposure to environmental and social
risks. With respect to governance, the company has had several
management changes within the last twelve months and therefore the
current management team has a limited track record at Owens &
Minor. Under the prior management team, the company pursued several
leveraging acquisitions. The company has also missed its own
financial guidance multiple times over the past two years,
significantly reduced its dividend and initiated a restructuring of
the business.

The ratings could be upgraded if the company demonstrates organic
revenue growth and margin improvement. Specifically, if adjusted
debt/EBITDA is expected to be sustained below 5.5x, Moody's could
upgrade the ratings. A rating upgrade would require reduced
refinancing risk and improved liquidity.

The ratings could be downgraded if liquidity does not improve from
current levels, if the company experiences further margin pressure,
or if cash flow weakens. Specifically, if adjusted debt/EBITDA
remains above 6.5x Moody's could downgrade the ratings. Finally,
increasing concern about the company's ability to refinance its
capital structure well ahead of maturities would also result in a
downgrade.

Owens & Minor, headquartered in Mechanicsville, VA, is a nationwide
provider of distribution and logistics services to the healthcare
industry and a European provider of logistics services to
pharmaceutical, life-science, and medical-device manufacturers.
Owens & Minor also manufactures medical supplies. Revenues are
approximately $10 billion.

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


PRECISION HOTEL: Seeks to Hire Soldnow LLC as Auctioneer
--------------------------------------------------------
Precision Hotel Management Company seeks authority from the U.S.
Bankruptcy Court for the Middle District of Florida to employ
Soldnow, LLC d/b/a Tranzon Driggers, as auctioneer to the Debtor.

Precision Hotel requires Soldnow, LLC to market and auction the
Debtor's real property located at 1770 N. Ft. Harrison Ave,
Clearwater, FL 33755.

Soldnow, LLC will be paid a commission of 12% of the gross sales
price.

Walter J. Driggers, III, vice president of Soldnow, LLC d/b/a
Tranzon Driggers, 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.

Soldnow, LLC can be reached at:

     Walter J. Driggers
     SOLDNOW, LLC D/B/A TRANZON DRIGGERS
     433 Central Ave., 4th Floor
     St. Petersburg, FL 33701
     Tel: (877) 374-4437

           About Precision Hotel Management Company

Precision Hotel Management Company is a privately held enterprise
that operates in the hospitality industry. Precision Hotel sought
Chapter 11 protection (Bankr. M.D. Fla. Case No. 19-08449) on Sept.
5, 2019 in Tampa. In a petition signed by Virgina Mitchell, its
president, the Debtor was estimated to have both assets and
liabilities at $1 million to $10 million. BLANCHARD LAW, P.A., is
the Debtor's counsel.



RP BROADCASTING: Trustee's $475K Sale of Idaho Radio Stations OK'd
------------------------------------------------------------------
Judge William T. Thurman of the U.S. Bankruptcy Court for the
District of Utah authorized the transaction between RP Broadcasting
Idaho, LLC and Jackson Hole Radio, LLC, in accordance with and
pursuant to the Asset Purchase Agreement and the ancillary Local
Programming and Marketing Agreement ("LPMA"), in connection with
the sale by Mark Hashimoto, the Chapter 11 Trustee of the Debtor,
of the Debtor's right, title and interest in and to all of the
stations based in or near Jackson, Wyoming ("Jackson Hole
Stations") and all related assets including the licenses, permits
and other authorizations issued by the FCC pertaining to the
Jackson Hole Stations.

The Buyer and its members will pay and deliver the following
purchase price and consideration, at Closing, in exchange for the
assignment of the Jackson Hole Stations Assets from the Seller:

     (i) $550,000 to be paid (i) at Closing, or (ii) pursuant to
the terms of a Promissory Note in form and substance acceptable to
Chaparral Broadcasting, Inc., and upon terms mutually agreed among
the Buyer and Chaparral Broadcasting, Inc.;

     (ii) an indemnification agreement in form and substance
acceptable Chaparral and Jerry Lundquist, pursuant to which the
Buyer will indemnify and hold harmless Chaparral and Mr. Lundquist
from and against any liabilities to American Towers, LLC, including
Buyer’s obligation to pay tower rent;

     (iii) a security agreement in form and substance acceptable to
Chaparral granting to Chaparral a first-priority security interest
in all assets of Buyer to secure Buyer’s obligations to Chaparral
and Jerry Lundquist under the Promissory Note, under the Indemnity
and otherwise;  

     (iv) a pledge agreement in form and substance acceptable to
Chaparral pursuant to which the members of the Buyer pledge and
assign to Chaparral a first-priority security interest in all of
the limited liability company interests, membership interests,
profits interests and all other rights and appurtenances to equity
ownership to secure Buyer’s obligations to Chaparral and Jerry
Lundquist under the Promissory Note, under the Indemnity and
otherwise; and

     (v) a personal guaranty in form and substance acceptable to
Chaparral pursuant to which the individual anticipated to own and
control the Buyer will personally guaranty Buyer’s obligations to
Chaparral and Jerry Lundquist, upon terms mutually agreed among the
guarantor and Chaparral.

The sale of the Jackson Hole Stations Assets is free and clear of
all interests, with any valid Interests attaching to the Net Sale
Proceeds.

As described in section 2.1 of the APA, because Chaparral
Broadcasting, Inc. holds a first priority security interest and
lien upon the Jackson Hole Stations Assets, and as contemplated by
paragraph 10 of the stipulation approved pursuant that certain
Order entered in the Bankruptcy Case, the Purchase Price and other
Closing Deliveries either (a) will be paid and delivered initially
to Trustee, but immediately paid over and assigned by the Trustee
to Chaparral at Closing, or (b) will be paid and delivered directly
from Buyer to Chaparral at Closing.

The assumption (where applicable) and assignment of the Assumed
Contracts set forth on Exhibit C is authorized.

The 14-day stay imposed by Bankruptcy Rules 6004(h) and 6006(d) is
waived.

Notwithstanding any other provision of the Order or any other Order
of the Court, no sale, transfer or assignment of any rights and
interests of the Debtor in any federal license or authorization
issued by the Federal Communications Commission will take place
prior to the issuance of FCC regulatory approval for such sale,
transfer or assignment pursuant to the Communications Act of 1934,
as amended, and the rules and regulations promulgated thereunder.
The FCC's rights and powers to take any action pursuant to its
regulatory authority, including, but not limited to, imposing any
regulatory conditions on such sales, transfers and assignments and
setting any regulatory fines or forfeitures, are fully preserved,
and nothing in the Order will proscribe or constrain the FCC's
exercise of such power or authority to the extent provided by law.


Notwithstanding any provision to the contrary in the Order or in
the APA and the LPMA, the Order and the proposed sale will not
alter or impair American Towers LLC's rights, interests, and
remedies relating to its broadcasting towers which were previously
leased by the Debtor for its KMTN, KWYS, KSGT, KZJH, KJAX, and KSGT
stations.

A copy of the Agreement is available at
https://tinyurl.com/yx5ovwj6 from PacerMonitor.com free of charge.

                  About RP Broadcasting Idaho

RP Broadcasting Idaho, LLC, filed a Chapter 11 petition (Bankr. D.
Utah Case No. 16-28578) on Sept. 28, 2016. The petition was signed
by Richard O. Mecham, president and CEO.  The Debtor is represented
by Penrod W. Keith, Esq., at Durham Jones & Pinegar, P.C.  The
Debtor was estimated to have assets and liabilities at $1 million
to $10 million at the time of the filing.

On March 29, 2017, Mark Hashimoto has been appointed as the
Chapter 11 Trustee for the Debtor's estate.


STRAIGHT UP ENTERPRISES: Court Confirms Amended Plan
----------------------------------------------------
Judge Joel D. Applebaum of the U.S. Bankruptcy Court for the
Eastern District of Michigan has confirmed the Amended Plan of
Reorganization of Debtor Straight Up Enterprises.  The Court also
granted final approval of the Disclosure Statement pursuant to
Section 1125 of the Bankruptcy Code.

Regarding the Objection filed by Brookfield Property REIT, Inc.,
the assumption of the subject leases is authorized on the following
conditions: (a) The cure amounts are allowed in the amounts set
forth in the Objection and the Debtor is directed to pay these
amounts in full prior to the Effective Date of the Plan; (b) On or
before the Effective Date of the Plan, the Debtor shall pay
attorney's fees to Brookfield Property REIT, Inc. in the amount of
$3,000; and (c)  Nothing in the Order or the Plan to the contrary
releases the Debtor of its respective obligations under the subject
leases. The Debtor assumes the leases in their entirety.

The Debtor shall continue to file monthly operating reports
required under the Case Management Order and under the
Debtor-in-Possession's Operating Instructions until the Court
enters an order closing the case.

A full-text copy of the Confirmation is available at
https://tinyurl.com/r6gcyh7 from PacerMonitor.com at no charge.

           About Straight Up Enterprises

Straight Up Enterprises, Inc., is a retailer of sports apparel and
other miscellaneous sports gear and accessories.  

Straight Up Enterprises sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 19-31010) on April 23,
2019. At the time of the filing, the Debtor disclosed $1,985,246 in
assets and $5,557,303 in liabilities.

The case is assigned to Judge Daniel S. Opperman.  

The Debtor tapped Winegarden, Haley, Lindholm Tucker & Himelhoch,
P.L.C., as its legal counsel.

The U.S. Trustee for Region 9 on May 8, 2019, appointed three
creditors to serve on an official committee of unsecured creditors
in the Chapter 11 case. The committee retained Cooley LLP, as lead
counsel, and Miller Canfield Paddock and Stone, P.L.C., as Michigan
counsel.


TALLGRASS ENERGY: Moody's Reviews Ba2 CFR for Downgrade
-------------------------------------------------------
Moody's Investors Service placed Tallgrass Energy Partners, LP's
ratings on review for downgrade, including Tallgrass's Ba2
Corporate Family Rating and Ba2-PD probability of default rating,
and its Ba3 senior unsecured rating. Prairie ECI Acquiror LP's B1
CFR and its B1 senior secured term loan were also placed on review
for downgrade.

The review was prompted by Tallgrass's announcement that affiliates
of Blackstone Infrastructure Partners together with affiliates of
Enagas S.A., GIC Private Limited, South Korea's National Pension
Service and Universities Superannuation Scheme will acquire all of
the publicly-held outstanding Class A Shares of Tallgrass for
approximately $3.5 billion. The sponsors will contribute up to
approximately $2.92 billion of equity and borrow up to $575 million
to fund the acquisition. The transaction is expected to close in
the second quarter of 2020 and is subject to shareholder approval.

On Review for Downgrade:

Issuer: Prairie ECI Acquiror LP

Probability of Default Rating, Placed on Review for Downgrade,
currently B1-PD

Corporate Family Rating, Placed on Review for Downgrade, currently
B1

Senior Secured Term Loan, Placed on Review for Downgrade, currently
B1 (LGD4)

Issuer: Tallgrass Energy Partners, LP

Probability of Default Rating, Placed on Review for Downgrade,
currently Ba2-PD

Corporate Family Rating, Placed on Review for Downgrade, currently
Ba2

Senior Unsecured Notes, Placed on Review for Downgrade, currently
Ba3 (LGD5)

Outlook Actions:

Issuer: Prairie ECI Acquiror LP

Outlook, Changed To Rating Under Review From Stable

Issuer: Tallgrass Energy Partners, LP

Outlook, Changed To Rating Under Review From Stable

RATINGS RATIONALE

The review will focus on Moody's 2020 forecast for Tallgrass, the
company's progress on recontracting shipping commitments on its
Rockies Express and Pony Express pipelines that will expire in the
near-term, and the prospects for reducing debt in 2020 given that
consolidated leverage (including Tallgrass HoldCo's debt) is
expected to approach 7x post-acquisition. The review will also
consider the company's governance, financial policies and growth
strategy. Moody's will also evaluate Tallgrass's ultimate
organization structure and structural elements of the new debt as
part of its ratings review. Consolidated leverage (including
Tallgrass HoldCo's debt) is expected to approach 7x times
post-acquisition.

Moody's does not currently expect Rockies Express Pipeline LLC's
(REX, Ba1 stable and 75% owned by Tallgrass) ratings to be affected
should Tallgrass be downgraded. Actions such as additional debt
incurrence at REX would require the consent of its 25% owner P66REX
LLC, a subsidiary of Phillips 66 (A3 stable). As Tallgrass is
highly focused on maintaining a strong credit profile at REX, the
likelihood of additional debt incurrence at REX appears low. REX's
ratings could be downgraded if its stand-alone debt leverage
increases significantly.

Tallgrass provides crude oil transportation, natural gas
transportation and storage, processing and water business services
for customers in the Rocky Mountain, Appalachian and Midwest
regions of the United States. TEP's operating segments consist of
crude oil transportation, natural gas transportation, gathering,
processing and terminalling.

The principal methodology used in these ratings was Midstream
Energy published in December 2018.


TOD C. TURNER: $5M Sale of Two Waterfront Lots to Lake Forest OK'd
------------------------------------------------------------------
Judge Timothy W. Dore of the U.S. Bankruptcy Court for the Western
District of Washington authorized Tod Charles Turner's sale of the
real property located at 17345 and 17347 Beach Drive NE in Lake
Forest Park, Washington to Lake Forest Park Group, LLC for $5
million, pursuant to their Residential Real Estate Purchase and
Sale Agreement dated Nov. 26, 2019.

The Agreement is approved.

The sale is free and clear of all liens, claims, interests, or
encumbrances of any kind or nature whatsoever.  All liens, claims,
interests, and encumbrances that existed prior to the sale closing
will attach to the proceeds of the sale in the order and priority
that existed prior to the sale.

The sale proceeds will be disbursed on the claims and to the
entities set forth on Exhibit B.  To the extent that an amount is
listed as estimated, it will be subject to final verification by
the closing agent.  The closing agent will verify that funds are
available to pay Proteus Pension Plan and Trust in full (including
its attorneys' fees) before any payments are made to Key Bank, N.A.
or Frank W. Howard #2 Limited Partnership LLLP or on account of the
fee of the United States Trustee, real estate commissions, or
estimated legal fees.  To the extent necessary, any shortfall will
be deducted from the amount set aside for contingencies.   

As provided in Federal Rule of Bankruptcy Procedure 6004(h) and
notwithstanding Federal Rule of Bankruptcy Procedure 7062, the
Order will be effective and enforceable immediately upon entry.
Time is of the essence in closing the transaction and Mr. Turner
and Forterra intend to close the sale as soon as possible.
Therefore, the stay provided for under Federal Rules of Bankruptcy
Procedure 6004(h) or 7062 will not apply, and the sale may close
after this Order becomes a final order no longer subject to appeal.


The Order does not alter the right of Proteus Pension Plan and
Trust to proceed with a foreclosure sale on or after March 13, 2020
(pursuant to the Court's order of Sept. 19, 2019 if a sale of the
Property fails to close before March 13, 2020.

Tod Charles Turner sought Chapter 11 protection (Bankr. W.D. Wash.
Case No. 19-10333) on Jan. 31, 2019.  The Debtor tapped Sarah
Weaver, Esq., as counsel.  The case is a second Chapter 11 filing
for Mr. Turner.  The first case was filed without the benefit of
the counsel on Dec. 13, 2018, under Case No. 18-14726 and
ultimately was dismissed on Jan. 8, 2019.



ULTRA PETROLEUM: Fitch Affirms CCC LT Issuer Default Ratings
------------------------------------------------------------
Fith Ratings affirmed the Long-Term Issuer Default Ratings on Ultra
Petroleum Corp. and Ultra Resources, Inc at 'CCC'. Fitch also
affirmed Ultra Resource's secured revolver and term loan at
'B'/'RR1' and the senior unsecured notes at 'CC'/'RR6'. The senior
secured second lien notes were downgraded to 'CCC'/'RR4' from
'B-'/'RR2'.

Fitch's ratings reflect the expected decline in production, high
leverage metrics, and minimal asset coverage, which are partially
offset by Ultra's low operating and drilling cost structure and
expected ability to maintain neutral FCF in the near term. Ultra
amended its credit facility in September 2019, which should enhance
liquidity in the near term, but could result in further liquidity
challenges in 2021 from a deteriorating production base and smaller
revolver.

The downgrade of the senior secured second lien notes reflects the
lower going concern enterprise valuations used to determine the
notching of debt tranches. Valuations were reduced to reflect the
reduction in production guidance and lower natural gas price
assumptions as reflected in the updated Fitch price deck.

KEY RATING DRIVERS

Weaker Expected Credit Metrics: Fitch anticipates 2019 EBITDA to
decline to approximately $400 million due to lower gas prices and
weaker production volumes. Fitch believes that EBITDA will further
decline in 2020 and 2021 from lower production volumes as a result
of the reduced capex plans and continued pressure on natural gas
prices. Fitch now expects debt/EBITDA to approximate 5.0x, assuming
no proceeds from the make-whole litigation, which is consistent
with a 'CCC' rating.

Ultra has an ongoing advisor engagement with Centerview Partners
that is focused on liability management. In addition, the company
engaged Tudor, Pickering, Holt & Co. as an advisor "to review a
range of strategic alternatives including a corporate sale, merger
or other business combination, one or more strategic acquisitions
or divestitures, or other transactions." Further, Ultra notes that
both advisors have been engaged to work on going concern
transactions as opposed to in-court restructuring options.

Tightening Liquidity: In September 2019, Ultra announced that it
had amended its credit facility to remove all financial maintenance
covenants, establish the fall borrowing base at $1.175 billion,
reducing the credit facility commitment to $200 million from $325
million and further stepping down to $120 million in February 2020,
reducing the tenor of future hedging requirements, and establishing
quarterly maximum capital expenditures of $65 million for Sept. 30,
2019, $10 million for Dec. 31, 2019 and $5 million thereafter. The
amendment also allows Ultra to repurchase junior indebtedness,
although the company still requires consents from the first lien
term loan lenders and second lien secured notes. The lower capex
requirements enhances FCF in the near term, but the reduction in
production and smaller revolver commitment will likely reduce
liquidity in 2021 and beyond.

Debt Exchanges: On May 9, 2019, Ultra commenced an exchange offer
of up to $225 million of its 7.125% senior notes due 2025 for 9%
cash/2.5% PIK senior secured third lien notes due 2024. The company
terminated the exchange on July 7, 2019. This exchange attempt
follows successful debt exchanges made in December 2018 and
first-quarter 2019 from senior notes to senior secured second lien
notes. According to its credit agreement, Ultra has $240 million of
third lien capacity and Fitch believes there is the possibility
that the company could commence another exchange, which would
likely be viewed as a distressed debt exchange under Fitch's
criteria.

Volatile Negative Basis Differentials: Natural gas sold at Ultra's
delivery point (Opal) typically trades at a discount to the Henry
Hub with the exception of seasonal variations that historically
results in a premium during the winter months. For the first nine
months of 2019, Ultra had realized natural gas prices above Henry
Hub because of a disruption on an Enbridge pipeline in October 2018
and weather-related issues that led to higher demand for Rockies
natural gas from mid-November 2018 to mid-March 2019. Differentials
returned to normal levels thereafter as Fitch has observed a
differential of $0.35-$0.40 over the past three years excluding the
one-time disruption. New Permian gas pipelines should help
alleviate pricing pressure, but Fitch remains cautious in the
current natural gas price environment.

Hedging Policy Reduces Risk: In accordance with the amended terms
of its credit agreement, Ultra must hedge at least 50% of its
production through the first quarter of 2020, but has no
requirements thereafter. Current low strip natural gas prices
discourage hedging at these levels, although Fitch expects the
company will be opportunistic to add hedges in a higher price
environment. Fitch estimates that Ultra has approximately 50% of
its preliminary 2020 production guidance hedged through a
combination of natural gas swaps, collars and puts.

Proven Vertical Resources and Cost Structure: Ultra has a
contiguous position in the Pinedale Field with about 83,000 net
acres supportive of over 4,000 gross drilling locations. However,
only 800 locations are estimated to be economic at the current low
commodity prices and wide differentials. This represents about
eight years of reserve life at current production levels. While the
performance of the horizontal wells has been uneven, Ultra has an
established track record of successful vertical exploitation of its
acreage with a competitive cost structure.

EBITDA cash costs of $1.04 per million cubic feet (mcfe) in
third-quarter 2019 allow for favorable net backs even at currently
unfavorable commodity prices and locational basis. Ultra's acreage
is essentially 100% held by production, providing the company
significant flexibility in the timing of capital deployment and
drilling activity.

DERIVATION SUMMARY

Ultra's ratings reflect its high leverage, limited liquidity,
dry-gas production profile and focus on one play, the Pinedale
region. The company's operating expenses are among the lowest in
the industry, but this is offset by typical wider differentials and
the prevailing low natural gas price environment. Although Ultra
does not have any near-term debt maturities, credit metrics are
expected to weaken materially over time, which could make it
challenging to address maturities starting in 2022.

Ultra's production size (109 mboe/d) is higher than most 'B' peers
such as Lonestar (18 mboe/d; B-/Stable) and Magnolia (71 mboe/d;
B/Positive), although UPL's production is 96% natural gas compared
with a peer average of 67%-73%. Comstock has a similar natural gas
mix but its production is higher and growing more rapidly (pro
forma 200 mboe/d; B/Stable). UPL's reserve size (510 mboe) is
significantly higher than its peers, including Unit (160 mboe) and
Magnolia (101 mboe), but lower than Comstock (pro forma 900 mboe).

UPL's operating costs are low ($1.05) on a mcfe basis, but the
lower oil cut results in a materially lower netback versus its oil
peers. In addition, Comstock netbacks are higher due to UPL's wider
differentials. Ultra's debt/EBITDA at 4.9x is higher than most
peers, including Lonestar (4.6x), Unit (2.6x) and Magnolia (0.4x).
Further, Ultra's leverage is expected to increase through the
forecast period as production declines.

KEY ASSUMPTIONS

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

  - Base case Henry Hub natural gas price of $2.50 throughout the
forecast period;

  - Base case WTI oil prices of $57.50 in 2020 and a long-term
price of $55;

  - Production declines of 13% in 2019 and 22% in 2020 that is
in-line with the mid-point of management guidance;

  - Capex of $228 million in 2019 and $20 million in 2020 that is
in-line with management guidance;

  - No share repurchases, equity issuance, acquisitions or
divestitures are assumed in the forecast period.

Fitch's Key Assumptions Within its Recovery Ratings for the Issuer

Going-Concern (GC) Approach

Ultra Petroleum's GC EBITDA assumption of $248 million reflects the
2020 base case scenario. This reflects Fitch's price deck
assumptions that include a $2.50 Henry Hub natural gas price over
the forecast period.

The GC EBITDA estimate reflects Fitch's view of a sustainable,
post-reorganization EBITDA level upon which Fitch bases the
enterprise valuation.

Fitch typically uses the stress case EBITDA assumption for oil and
gas exploration and production companies that reflect the
industry's move from top of the cycle commodity prices to mid-cycle
conditions.

However, in this case, the risk of a near-term default under the
base case is a more accurate representation given Ultra's weak
liquidity, sharply declining production, lower natural gas prices
as reflected in the price deck and historically wide pricing
differentials.

The assumption also reflects corrective measures taken in the
reorganization to offset the adverse conditions that triggered
default such as cost cutting and reduced capex spend.

An EV multiple of 6.2x EBITDA is applied to the GC EBITDA to
calculate a post-reorganization enterprise value. The choice of
this multiple considered the following factors:

The GC enterprise value (EV) multiple of 6.2x is in line with the
historical E&P sub-sector multiple of 5.8x. The multiple is
slightly lower than other natural gas-oriented bankruptcies of
6.7x-6.9x (Atlas Resources, Sabine Oil & Gas, SandRidge Energy)
that went through prolonged commodity price decline. The multiple
also reflects the pricing discount of natural gas from the Pinedale
field to Henry Hub and the expectation that improved pricing over
time as additional pipeline capacity is added in the Permian
Basin.

The going concern enterprise value of the company is $1,538
million.

Liquidation Approach

The liquidation estimate reflects Fitch's view of the value of
balance sheet assets that can be realized in sale or liquidation
processes conducted during a bankruptcy or insolvency proceeding
and distributed to creditors.

Transactional and asset based valuation such as recent transactions
in similar basins on a $/acre, SEC PV-10. Flowing production, and
proved reserve estimates were used to determine a reasonable sales
price for the company's assets. The valuations were further
adjusted to reflect scale, location, asset quality and changes in
commodity prices from observed transactions.

The revolver is assumed to be fully drawn upon default, although
Ultra's revolver will decline to $120 million from $200 million in
February 2020. The revolver and term loan are super senior in the
waterfall.

The allocation of value in the liability waterfall results in
recovery corresponding to 'RR1' recovery for the first lien
revolver and term loan (together $1.09 billion) and a recovery
corresponding to 'RR4' for the senior secured second lien notes
($581 million).

The subordinated notes ($375 million) initially had a zero recovery
under the waterfall calculation. The recovery rating for the
subordinated notes is 'RR6'.

RATING SENSITIVITIES

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

  - Defined plan to address the liquidity constraints in weak
realized price environment and/or material improvement in net
realized prices;

  - Increased diversification into different production regions
and/or increased exposure to high-margin liquids production;

  - Mid-cycle debt/EBITDA below 4.25x and mid-cycle lease adjusted
FFO gross leverage below 5.0x.

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

  - Material deterioration of production, the cost profile and/or
regional differentials from current levels;

  - FCF is consistently negative;

  - Failure to meaningfully address the shrinking financially
flexibility in the current weak realized pricing environment;

  - Mid-cycle debt/EBITDA above 5.0x and mid-cycle lease adjusted
FFO gross leverage above 6.0x.

LIQUIDITY AND DEBT STRUCTURE

Reduced Revolver Availability: As of Sept. 30, 2019, Ultra held $3
million of cash and had $64 million outstanding under its revolver
with $136 million available. Fitch anticipates that Ultra will
generate approximately $100 million of FCF deficit for 2019 and
remain FCF positive in 2020 under management's guidance for
production and capex. The borrowing base was $1.175 billion as of
Sept. 16, 2019, with $200 million allocated to the revolving credit
facility (RCF). Ultra has $200 million of commitments under the
RCF, but that will be reduced to $120 million on Feb. 29, 2020.

The next maturity is in 2022 when the RCF is due in January and the
remaining $150 million of the 2022 unsecured notes mature in April.
Ultra has $240 million of capacity under its revolving credit
facility to issue third lien debt.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
Environmental, Social and Governance (ESG) credit relevance is a
score of '3' - ESG issues are credit neutral or have only a minimal
credit impact on the entity, either due to their nature or the way
in which they are being managed by the entity.


UNIQUE TOOL: $29.5K Sale of 4 Pieces of Machinery to Tecumseh OK'd
------------------------------------------------------------------
Judge Mary Ann Whipple of the U.S. Bankruptcy Court for the
Northern District of Ohio authorized Unique Tool & Manufacturing
Co., Inc.'s private sale of four pieces of machinery to Tecumseh
Products Co. for $29,500.

A hearing on the Motion was held on Dec. 5, 2019.

The sale of the Machinery is sold "as is, where is" without
warranties of merchantability and fitness for a particular purpose
or use.

The sale is free and clear, including the interests claimed by
Waterford Bank, N.A., Chemical Bank and Grand Mill Funding.  

Subject to any claims asserted under the provisions described,
Waterford Bank has the first and best in the proceeds of the sale
and those proceeds in the amount of $29,500 as a result of the sale
will be paid immediately to Waterford Bank to be applied to Loan
Balance and the Debtor is authorized and directed to immediately
turnover the proceeds from the sale of the Machinery to Waterford
Bank without any further order of the Court.

The Entry will be sent by the Debtor's counsel, with return receipt
requested to the following taxing authorities and entities and will
cause proof of such service to be filed with the Court.

Any claim under 11 USC 507(8)(c) as a result of the foregoing sale
will be filed with the Court not later 60 from the date of receipt
by such entity or forever be barred and if such claim is allowed
will be paid from the funds paid to Waterford Bank.

The stay of Bankruptcy Rule 6004(h) is held inapplicable and
waived.

                         About Unique Tool

Unique Tool & Manufacturing Co., Inc. -- http://www.uniquetool.com/
-- is a custom metal stamping company formed in 1963, which
supplies stampings to the satellite, communications, electrical,
appliance, refrigeration and automotive industries throughout the
United States, Canada and Mexico.  It specializes in tool and die
manufacturing, brazing, welding, plating and more.  

Unique Tool & Manufacturing sought Chapter 11 protection (Bankr.
N.D. Ohio Case No. 19-32356) on July 26, 2019.  At the time of the
filing, the Debtor was estimated to have up to $50,000 in assets
and $1 million to $10 million in liabilities.

The Hon. Mary Ann Whipple is the case judge.  Diller and Rice, LLC,
is the Debtor's legal counsel.

The U.S. Trustee for Region 9 appointed a committee of unsecured
creditors on Sept. 5, 2019.  The committee is represented by
Wernette Heilman PLLC as its legal counsel.



UNIQUE TOOL: $35K Sale of Machinery to Kim Kool Approved
--------------------------------------------------------
Judge Mary Ann Whipple of the U.S. Bankruptcy Court for the
Northern District of Ohio authorized Unique Tool & Manufacturing
Co., Inc.'s private sale of 1995 Seyi-Sutherland, SN EN110-793, to
Kim Kool, Inc. for $35,000.

The sale of the Machinery is sold "as is, where is" without
warranties of merchantability and fitness for a particular purpose
or use.

The sale is free and clear, including the interests claimed by
Waterford Bank, N.A., Chemical Bank and Grand Mill Funding.  

Subject to any claims asserted under the provisions described,
Waterford Bank has the first and best in the proceeds of the sale
and those proceeds in the amount of $35,000 as a result of the sale
will be paid immediately to Waterford Bank to be applied to Loan
Balance and the Debtor is authorized and directed to immediately
turnover the proceeds from the sale of the Machinery to Waterford
Bank without any further order of the Court.

It is further ordered the Entry will be sent by the Debtor's
counsel, with return receipt requested to the following taxing
authorities and entities.

And will cause proof of such service to be filed with the Court.

Any claim under 11 USC 507(8)(c) as a result of the foregoing sale
will be filed with the Court not later 60 from the date of receipt
by such entity or forever be barred and if such claim is allowed
will be paid from the funds paid to Waterford Bank.

The stay of Bankruptcy Rule 6004(h) is held inapplicable and
waived.

                         About Unique Tool

Unique Tool & Manufacturing Co., Inc. -- http://www.uniquetool.com/
-- is a custom metal stamping company formed in 1963, which
supplies stampings to the satellite, communications, electrical,
appliance, refrigeration and automotive industries throughout the
United States, Canada and Mexico.  It specializes in tool and die
manufacturing, brazing, welding, plating and more.  

Unique Tool & Manufacturing sought Chapter 11 protection (Bankr.
N.D. Ohio Case No. 19-32356) on July 26, 2019.  At the time of the
filing, the Debtor estimated up to $50,000 in assets and $1 million
to $10 million in liabilities.

The Hon. Mary Ann Whipple is the case judge.  Diller and Rice, LLC
is the Debtor's legal counsel.

The U.S. Trustee for Region 9 appointed a committee of unsecured
creditors on Sept. 5, 2019.  The committee is represented by
Wernette Heilman PLLC as its legal counsel.


UNIT CORPORATION: Receives Noncompliance Notice from NYSE
---------------------------------------------------------
Unit Corporation was notified by the New York Stock Exchange on
Dec. 19, 2019 that the average closing price of the Company's
shares of common stock had fallen below $1.00 per share over a
period of 30 consecutive trading days, which is the minimum average
share price for continued listing on the NYSE.  Under the NYSE's
rules, the Company has six months following receipt of the
notification to regain compliance with the minimum share price
requirement.

Under NYSE rules, the Company can regain compliance at any time
during the six-month cure period if on the last trading day of any
calendar month during the cure period, its common stock has a
closing share price of at least $1.00 and an average closing share
price of at least $1.00 over the 30 trading-day period ending on
the last trading day of that month.

The NYSE notification does not affect the Company's business
operations or its SEC reporting requirements and does not conflict
with or cause an event of default under any of the Company's
material debt or other agreements.

The Company will be notifying the NYSE of its intent to cure the
deficiency and return to compliance with the NYSE continued listing
requirements.

                       About Unit Corporation

Unit Corporation -- http://www.unitcorp.com/-- is a Tulsa-based,
publicly held energy company engaged through its subsidiaries in
oil and gas exploration, production, contract drilling, and gas
gathering and processing.  Unit's Common Stock is listed on the New
York Stock Exchange under the symbol UNT.

Unit Corporation reported a net loss attributable to the company
of $45.29 million for the year ended Dec. 31, 2018.  For the nine
months ended Sept. 30, 2019, Unit Corp reported a net loss
attributable to the company of $218.90 million.

                           *   *   *

As reported by the TCR on Nov. 15, 2019, Moody's Investors Service
downgraded Unit Corporation's Probability of Default Rating to
Ca-PD from B3-PD, Corporate Family Rating to Caa1 from B3, and
senior subordinated notes to Caa2 from Caa1.  The downgrade of the
PDR reflects Unit's proposed debt exchange offer, which Moody's
views to be a distressed exchange.  The Caa1 CFR and Caa2 rating on
the 2021 notes reflect Moody's view on expected recovery, which is
likely to be in the 80%-90% range. Prior to the exchange offer,
Unit was contending with depressed commodity prices, looming
maturities in a challenged refinancing environment and declining
cash flow, Moody's said.

Fitch Ratings downgraded the Long-Term Issuer Default Rating of
Unit Corporation to 'CCC+' from 'B', as reported by the TCR on Nov.
8, 2019.  The downgrade reflects Unit Corporation's loss of
operational momentum and reduced financial flexibility associated
with the company's heightened refinancing and liquidity risks.


VALERITAS HOLDINGS: Armistice Capital Has 9.9% Stake as of Dec. 20
------------------------------------------------------------------
Armistice Capital, LLC, Armistice Capital Master Fund Ltd., and
Steven Boyd disclosed in a Schedule 13D/A filed with the Securities
and Exchange Commission that as of Dec. 20, 2019, they beneficially
own 924,693 shares of common stock of Valeritas Holdings, Inc.,
which represents 9.99 percent of the shares outstanding.  A
full-text copy of the regulatory filing is available for free at:

                        https://is.gd/EuCM41

                      About Valeritas Holdings

Valeritas -- http://www.valeritas.com/-- is a commercial-stage
medical technology company focused on improving health and
simplifying life for people with diabetes by developing and
commercializing innovative technologies.  Valeritas' flagship
product, V-Go Wearable Insulin Delivery device, is a simple,
affordable, all-in-one basal-bolus insulin delivery option for
patients with type 2 diabetes that is worn like a patch and can
eliminate the need for taking multiple daily shots.  V-Go
administers a continuous preset basal rate of insulin over 24
hours, and it provides discreet on-demand bolus dosing at
mealtimes.  It is the only basal-bolus insulin delivery device on
the market today specifically designed keeping in mind the needs of
type 2 diabetes patients.  Headquartered in Bridgewater, New
Jersey, Valeritas operates its R&D functions in Marlborough,
Massachusetts.

Valeritas incurred a net loss of $45.92 million in 2018 following a
net loss of $49.30 million in 2017.  As of Sept. 30, 2019, the
Company had $49.23 million in total assets, $38.21 million in total
liabilities, and $11.02 million in total stockholders' equity.

Friedman LLP, in East Hanover, New Jersey, the Company's auditor
since 2016, issued a "going concern" opinion in its report dated
March 5, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company has
recurring losses and negative cash flows from operations.  These
conditions, among others, raise substantial doubt about the
Company's ability to continue as a going concern.


VALERITAS HOLDINGS: Chief Financial Officer Erick Lucera Resigns
----------------------------------------------------------------
Erick Lucera, Valeritas Holdings, Inc.'s executive vice president
and chief financial officer, and principal financial officer,
resigned from his position with the Company, effective Jan. 3,
2020.  The Company said Mr. Lucera resigned to pursue another
opportunity, and there were no disagreements between the Company
and Mr. Lucera on any matter regarding its operations, policies or
practices.

Additionally, on Dec. 18, 2019, Mark Conley, the Company's vice
president, corporate controller and treasurer, resigned from his
position with the Company, to be effective no later than Jan. 17,
2020.  According to the Company, Mr. Conley resigned to pursue
another opportunity, and there were no disagreements between the
Company and Mr. Conley on any matter regarding its operations,
policies or practices.

John Timberlake, the Company's chief executive officer and
principal executive officer, will replace Mr. Lucera as the
Company's principal financial officer upon his resignation.  The
Board is currently evaluating a replacement for Mr. Conley as the
Company's principal accounting officer.  If a suitable replacement
is not identified prior to the effective date of Mr. Conley's
resignation, then Mr. Timberlake will be appointed to replace Mr.
Conley as the Company's principal accounting officer.

                          Director Resignation

Luke Duster, a member of Valeritas's Board of Directors on Dec. 21,
2019, that he will be resigning as a director of the Company,
effective immediately.  Mr. Duster did not hold a position on any
committee of the Board at the time of his resignation.

                         About Valeritas Holdings

Valeritas -- http://www.valeritas.com-- is a commercial-stage
medical technology company focused on improving health and
simplifying life for people with diabetes by developing and
commercializing innovative technologies.  Valeritas' flagship
product, V-Go Wearable Insulin Delivery device, is a simple,
affordable, all-in-one basal-bolus insulin delivery option for
patients with type 2 diabetes that is worn like a patch and can
eliminate the need for taking multiple daily shots.  V-Go
administers a continuous preset basal rate of insulin over 24
hours, and it provides discreet on-demand bolus dosing at
mealtimes.  It is the only basal-bolus insulin delivery device on
the market today specifically designed keeping in mind the needs of
type 2 diabetes patients.  Headquartered in Bridgewater, New
Jersey, Valeritas operates its R&D functions in Marlborough,
Massachusetts.

Valeritas incurred a net loss of $45.92 million in 2018 following a
net loss of $49.30 million in 2017.  As of Sept. 30, 2019, the
Company had $49.23 million in total assets, $38.21 million in total
liabilities, and $11.02 million in total stockholders' equity.

Friedman LLP, in East Hanover, New Jersey, the Company's auditor
since 2016, issued a "going concern" opinion in its report dated
March 5, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company has
recurring losses and negative cash flows from operations.  These
conditions, among others, raise substantial doubt about the
Company's ability to continue as a going concern.


WALDEN PALMS: $47K Sale of Orlando Condo Unit 15 to Dyla Approved
-----------------------------------------------------------------
Judge Cynthia Jackson of the U.S. Bankruptcy Court for the Middle
District of Florida authorized Walden Palms Condominium
Association, Inc.'s sale of the real property located at 4772
Walden Cir #15 Orlando, Orange County, Florida, Tax ID No.
17-23-29-8957-02-150, legally described as Walden Palms Condominium
8444/2553, Unit 15, Bldg. 2, and the personal property located
thereon, to Association Resources, LLC and Dyla, LLC for 46,700.

The Sale Hearings were held on Oct. 30, 2019 at 2:00 p.m. and on
Nov. 8, 2019 at 1:00 p.m.

The sale is free and clear of any Encumbrances.  The Lenders, the
Tax Lien Holders, and Orange County, Florida, and each of them,
will not retain any Encumbrances or any other interest in the
Assets being conveyed to the Buyers pursuant to the terms of the
Order.

Notwithstanding any other provision of the Order, the Assets are
being sold to the Buyers subject to the following Encumbrances:  

     a. Real estate taxes for 2020 and subsequent years;

     b. covenants, conditions, restrictions, easements,
reservations and limitations of record, in any, provided, however,
that this will not serve to reimpose the same;  

     c. any obligations to comply with any environmental law or
administrative orders or to respond to any environmental condition
in accordance with applicable non-bankruptcy law;  

     d. all applicable building and zoning regulations and
ordinances imposed by applicable governmental authorities;  

     e. the Declaration of Condominium of Walden Palms Condominium
Association, and all exhibits attached thereto, recorded on Jan.
25, 2006, in O.R. Book 8444, Page 2553, Public Records of Orange
County, Florida (the "Declaration"), which may establish and
provide, without limitation, for easements, liens, charges,
assessments, an option to purchase, a right of first refusal,
and/or the prior approval of a future purchaser or occupant;  

     f. the City of Orlando, Florida, will retain a secured lien on
the Real Property Assets for possible continuing violations
according to those certain Code Enforcement Liens and/or Orders and
Notices recorded in O.R. Books and Pages 10030, Pages  2741, 2742,
2746, 2736, 2737, 2929 and 1967 (as affected by Satisfaction
recorded in O.R. Book  10299, Page 7460); O.R. Book and Page
10030/2738 (as affected by Satisfaction recorded in O.R. Book
10245, Page 3836), O.R. Book and Page 10030/2739 (as affected by
Satisfaction recorded in O.R. Book  10245, Page 3832); O.R. Book
and Page 10030/2740 (as affected by Satisfaction recorded in O.R.
Book 10245, Page 3843); O.R. Book and Page 10030/2743 (as affected
by Satisfaction recorded in O.R. Book  10245, Page 3838); O.R. Book
and Page 10030/2744 (as affected by Satisfaction recorded in O.R.
Book  10245, Page 3847); O.R. Book and Page 10030/2745 (as affected
by Satisfaction recorded in O.R. Book 10245, Page 3834); O.R. Book
and Page 10030/2747 (as affected by Satisfaction recorded in O.R.
Book 10245, Page 3840); O.R. Book and Page 10030/2926, as amended
by Instrument Number 2016-486267, O.R. Book and Page 10030/2927 as
amended by Instrument Number 2016-486268 (as affected by Partial
Release of Lien releasing just Unit 13 Building 24 recorded under
Instrument Number 2017-229899) O.R. Book and Page 10030/2728 (as
affected by Satisfaction recorded in O.R. Book 10245, Page 3841);
O.R. Book and Page 10030/2932 as amended by Instrument Number
2016-486270 (as affected by Partial Release of Lien releasing just
Unit 13 Building 24 recorded under Instrument Number 2017-229899);
O.R. Book and Page 10030/2933 as amended by Instrument Number
2016-486269 (as affected by Partial Release of Lien releasing just
Unit 13 Building 24 recorded under Instrument Number 2017-229899);
O.R. Book and Page 10030/2934 (as affected by Satisfaction recorded
in O.R. Book  10245, Page 3844); O.R. Book and Page 10113/4675 (as
affected by Satisfaction recorded in O.R. Book  10245, Page 3842);
and Instrument Numbers 2017-617266, 2017-617267 , 2017-617268,
2017-617269, 2017-617270, 2017-617271, 2017-617272, 2017-617273,
2017-617274, 2017-617275, 2017-617276, 2017-617277, 2017-617278,
2017-617279, 2017-617280, 2017-688116, 2017-688117, 2017-688118,
2017-688119, 2017-688120, 2017-688121, 2017-688122, 2017-688123,
2017-688124, 2017-688125, 2017-688126, 2017-688127, 2017-688128,
2017-688129, and 2018-67656, Public Records of Orange, Florida; and


     g. any lien provided by County Ordinance or by Chapter 159,
Fla. Stat., in favor of any city, town, village or port authority,
for unpaid service charges for services by any water systems, sewer
systems or gas systems serving the land described, if any; and any
lien for waste fees in favor of any county or municipality, if any.


At closing on the sale of the Assets to the Buyers, the Seller will
pay all real estate taxes owed to Orange County, Florida, other
than pro rata share of real estate taxes for tax year 2019 and
subsequent years but excluding and subject to any carve outs
pursuant to Paragraph 15 of the Order.  At Closing, as
reimbursement to the Debtor, the Buyers will pay their respective
pro rata share of tax year 2019 real estate taxes and the
reimbursement may be in the form of an adjustment to the Purchase
Price as a "credit to seller" on the settlement statement.

The proceeds of the sale of the Assets will be indefeasibly paid
and distributed and/or retained by the Debtor upon Closing, as
follows: (i) the sum of $7,381 will be paid to, on account of, and
to fully satisfy, the holders of those certain tax lien
certificates identified in Exhibit D; (ii) the Debtor's pro rata
share of the 2018-2019 taxes will be paid to the Orange County,
Florida Tax Collector, subject to any adjustment in the Purchase
Price for the Seller's pro rata share of tax year 2019 and
subsequent year real estate taxes as described in Paragraph 8 of
this Order; (iii) amounts to be paid for document stamp taxes and
recording costs to the extent they are obligations of the
bankruptcy estate regarding the transfer of the Real Estate Assets;
and (iv) the remainder of the Purchase Price will be retained by
the estate and/or otherwise disbursed to the Debtor.  

After Closing, the Debtor will either file a copy of the Final
Closing Statement Notice with the Court or attach a copy of said
Final Closing Statement to the corresponding Monthly Operating
Report.  

Notwithstanding Rules 6004(h), or any other applicable Rule, the
Order is effective and enforceable immediately upon entry, no stay
applies, and the Debtor may complete the sale of the Assets
forthwith.  

A copy of the Agreement and the Assets sold is available at
https://tinyurl.com/wck96ta from PacerMonitor.com free of charge.

                 About Walden Palms Condominium
                           Association

Walden Palms Condominium Association, Inc., is a nonprofit property
management company in Orlando, Florida. Walden Palms Condominium
Association sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 18-07945) on Dec. 24, 2018.  At the
time of the filing, the Debtor estimated assets of $1 million to
$10 million and liabilities of $10 million to $50 million.  The
case is assigned to Judge Cynthia C. Jackson.

The Debtor tapped Shapiro, Blasi, Wasserman & Hermann, P.A., as its
bankruptcy counsel; Arias Bosinger PLLC as general association
counsel; JD Law Firm; as collections & foreclosure counsel; and
Winderweedle, Haines, Ward & Woodman, P.A., as land use counsel.



WEEKLEY HOMES: Moody's Upgrades CFR to B1, Outlook Stable
---------------------------------------------------------
Moody's Investors Service upgraded the senior unsecured notes of
Weekley Homes, LLC to B1 from B3, the Corporate Family Rating to B1
from B2 and the Probability of Default Rating to B1-PD from B2-PD.
The outlook remains stable.

The upgrade of the senior unsecured notes follows the refinancing
of Weekley Homes' secured bilateral lines of credit with a new $400
million syndicated unsecured revolver (unrated). In doing so, the
company has shifted to a 100% unsecured debt strategy and reduced
the expected losses on the unsecured notes in a default scenario.

The upgrade of the CFR considers Moody's expectation that leverage
will continue to trend lower in 2020, to 44% through increased
retained earnings, and interest coverage will increase to 4.4x, in
part due to lower pricing on the new unsecured revolver. The
upgrade also recognizes substantial improvement in operating
results over the past three years. This has resulted in a
strengthening in key credit metrics, including a reduction in
homebuilding debt to homebuilding capitalization to 49.3% at
September 30, 2019, down from 58.3% in 2016, while homebuilding
EBIT to interest coverage grew to 3.8x for the LTM period ended
September 30, 2019 from 3.3x in 2016.

Upgrades:

Issuer: Weekley Homes , LLC

Corporate Family Rating, upgraded to B1 from B2

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

Senior Unsecured Debt, upgraded to B1 (LGD4) from B3 (LGD5)

Outlook Actions:

Issuer: Weekley Homes , LLC

Outlook, Remains Stable

RATINGS RATIONALE

The B1 CFR reflects Moody's view that Weekley Homes' successful
asset-lite business model minimizes land impairment risk associated
with long land exposure. The rating also incorporates Moody's
expectation that the company will continue to see solid gross
operating margin (21% for the LTM period ended 9/30/19), which is
in line with the industry average, as well as improved credit
metrics including lower leverage and higher interest coverage. As a
family owned, private homebuilder, the company pays dividends to
cover tax obligations of shareholders as well as a discretionary
profit distribution. The discretionary profit distribution has
currently been capped at 15% of net income, which should help
support future deleveraging efforts. The rating is further
supported by Weekley Homes' good external liquidity, with a newly
closed $400 million unsecured revolving credit facility that is
expected to remain 80-90% available over the next year. These
factors are offset by risks associated with geographic
concentration in the state of Texas, which represented 45% of
annual revenues for the LTM period ended September 30, 2019. While
the company has made progress in reducing its Texas exposure from
70% of revenues in 2007, the concentration remains high. In
addition, tangible net worth, an important measure for homebuilders
due to the high level of working capital needed to operate, is
small for Weekley Homes relative to peers. Finally, the home
building sector is facing broad based affordability challenges
which is expected to constrain growth.

The stable outlook reflects Moody's expectation that Weekley Homes
will continue to diversify its geographic presence while
maintaining a conservative capital structure.

Moody's stated that an upgrade would be predicated on profitable
growth such that total revenue exceed $3 billion, while
geographical diversity continues to improve and gross margin is
maintained at or above 21%. An upgrade would also require adjusted
homebuilding debt to book capitalization to remain below 45%
consistently throughout the year and homebuilding interest coverage
to be sustained above 4.0x. A downgrade could result should
homebuilding debt to book capitalization be sustained above 55%,
the company engages in aggressive shareholder friendly activities
or if the company's liquidity profile weakens.

The principal methodology used in these ratings was Homebuilding
And Property Development Industry published in January 2018.

Established in 1976 and headquartered in Houston, TX, Weekley Homes
is one of the largest private homebuilders in the US, constructing
entry level, first move-up, second move-up, and custom homes. Owned
entirely by the Weekley family, senior management, a charitable
trust and an ESOP, the company has a presence in 20 metropolitan
areas across 12 states. For the 12 months ended September 30, 2019,
the company generated approximately $2.2 billion in revenues and
$123 million in net income.


                            *********

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