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         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, January 29, 2020, Vol. 24, No. 28

                            Headlines

15005 NW: Alexander, et al., Await Revisions to Plan & Disclosures
2300 PISANI: Hires Rodeo Realty as Real Estate Broker
2300 PISANI: Seeks to Hire Totaro & Shanahan as Counsel
2NDCH LLC: Plan Payments to be Funded by Continued Operations
ADLAI M. KARIM: Selling Berkeley Property for $1.6 Million

AGUPLUS LLC: Hires Elizabeth La Riva as Real Estate Broker
AMERICAN BLUE: Files Voluntary Chapter 11 Bankruptcy Petition
ANGELS FOR KIDS: U.S. Trustee Objects to Disclosures & Plan
APG SUBS: Auction Sale of Ray's Equipment Approved
AQUABOUNTY TECHNOLOGIES: Proposes $10M Public Stock Offering

ARCACHON PARTNERS: Rompsen Seeks to Strike Plan & Disclosures
ARSENAL RESOURCES: Prepackaged Plan Declared Effective Jan. 7, 2020
BAR LOUIE: Files Voluntary Chapter 11 Petition to Facilitate Sale
BIG Z: Involuntary Chapter 11 Case Summary
BORDEN DAIRY: Granted Cash Access for Another 30 Days

BOROWIAK IGA: Seeks to Hire Taylor Auction as Auctioneer
BRILLIANT ENVIRONMENTAL: Ford Motor Objects to Plan & Disclosures
BROOKFIELD WEC: Fitch Affirms B LongTerm IDR, Outlook Stable
CENTRAL PALM BEACH SURGERY: Case Summary & Top Unsecured Creditors
CHILLER SERVICES: Hires Van Horn Auctions as Auctioneer

COASTAL INTERNATIONAL: Hires Finestone Hayes as Counsel
COMMUNITY BUILDERS: Has No Ability to Confirm Plan, Says ATR
CRESCENT ASSOCIATES: Court Approves Disclosure Statement
DAN'S MOBILE V: Seeks to Hire Melody D. Genson as Legal Counsel
DBMP LLC: Files Voluntary Chapter 11 Bankruptcy Petition

DELTA MATERIALS: Hires Tarpon Blue as Real Estate Broker
DEMERARA HOLDINGS: Unsecureds, If Any, to Get Full Payment
DEMLOW PRODUCTS: Has Until April 6 to File Plan & Disclosures
ELANCO ANIMAL: Moody's Assigns Ba1 CFR, Outlook Stable
ELK PETROLEUM: Exclusivity Period Extended Until March 17

EVENTIDE CREDIT: Case Summary & 12 Unsecured Creditors
FRANKLIN CAMBRIDGE: Voluntary Chapter 11 Case Summary
FRED'S INC: Elise Frejka Named Consumer Privacy Ombudsman
G & A LABEL: Seeks to Hire Miranda & Maldonado as Legal Counsel
GAMBOA BROTHERS: To Seek Plan Approval Feb. 13

GARDNER DENVER: Moody's Alters Outlook on Ba2 CFR to Positive
GARDNER DENVER: S&P Affirms 'BB+' ICR on Ingersoll-Rand Merger
GIGAMON INC: S&P Lowers First-Lien Debt Rating To 'B-'
GNC HOLDINGS: Appoints Two New Directors to Fill Board Vacancies
GREENPOINT TACTICAL: Seeks to Extend Exclusivity Period to May 31

HILL TOP: CRO Says PCO Appointment Not Necessary
INLAND FAMILY: Court Approves Disclosure Statement
INTERRA INNOVATION: Hires CRS Capstone as Investment Banker
INTERRA INNOVATION: Hires Paul E. Saperstein Co. as Auctioneer
ISLAND VIEW: Trustee Taps Long & Foster as Real Estate Broker

JEFFERSON HILLS: No Deficient Practices Found in 6th PCO Report
JOSEPH HEATH: $506K Sale of Alexandria Property Approved
JULIETTE FALLS: Disclosure Motion Hearing Reset to March 30
KATANGIAN VAIL: Voluntary Chapter 11 Case Summary
KING FARMS: Unsecured Creditors to Have 10% Recovery Under Plan

KPH CONSTRUCTION: U.S. Bancorp Objects to Disclosure Statement
LARRY B. WEINSTEIN: Pollak Buying Spring Valley Property for $475K
LAS LOMAS: Seeks to Hire Lozada Law Offices as Legal Counsel
LICARI CUTLER: Landlord Agrees to Aug. 24 Extension for Plan Filing
LIDDLE & ROBINSON: Golenbock Eiseman's Jon Flaxer Named Trustee

MAD DOGG ATHLETICS: March 5 Disclosure Statement Hearing Set
MARK ALLEN KRIEGER: Selling Approx. 118 Acres for $1.8K per Acre
MATRA PETROLEUM: Proposes to Sell 3 Trucks for $5K Each
MBLA LLC: Seeks to Hire ISOE Commercial as Mortgage Broker
MELKINNEY LLC: Unsecureds Owed $2.2M to Get $6,000 in Plan

MIAMI-DADE COUNTY IDA: Moody's Cuts 2015A Industrial Bonds to Ba3
MOBILE ADDICTION: Exclusivity Period Extended to Feb. 13
MOUNTAIN HOME: Creditor Asks to Defer Plan Hearing to March 4
MS SUPPLY: Seeks to Hire Phillip A. Reid as Accountant
MW HORTICULTURE: Seeks to Hire Roetzel Andress as Special Counsel

N.Y. DIMPLE: ATM's Claim Resolved with Pentagon Federal Stipulation
NATIONAL MENTOR: Moody's Lowers Ratings on First Lien Loans to B2
NFP CORP: Moody's Rates New Secured Loan Facilities 'B2'
PEN INC: Engages UHY LLP as New Accounting Firm
PES HOLDINGS: Feb. 6, 2020 Plan Confirmation Hearing Set

PETROTEQ ENERGY: Losses Since Inception Cast Going Concern Doubt
PRINT GROUP: Unsec. Creditors to Recover 5% in Plan
PRO TECH MACHINING: Exclusivity Period Extended to March 6
PVV LLC: $3.1M Sale of Oklahoma Property to Patel Approved
PYXUS INT'L: Moody's Lowers CFR to Caa2, Outlook Negative

QUALITY REIMBURSEMENT: Dismissal or Trustee Sought by GE
RAJYSAN INC: Proposed Sale of Claims to Sahani Approved
RITE AID: Fitch Rates New Sec. Notes BB- & Cuts Unsec. Notes to B+
RITE AID: Moody's Assigns Caa1 Rating on New Sr. Sec. Notes
RIVER BEND MARINA: Seeks to Hire Inzer Haney as Counsel

RIVORE METALS: Hires Receivables Control as Management Company
ROBUST LLC: Unsecured Creditors to Recover 10% in Plan
RODAN + FIELDS: Moody's Lowers Corp. Family Rating to B3
ROOFTOP GROUP: Creditors' Committee Propose Chapter 11 Plan
SAINT JAMES APARTMENT: IREI Buying All Assets for $3.1 Million

SAN LUIS & RIO GRANDE: William Brandt Named Chapter 11 Trustee
SHIFTPIXY INC: Says Conditions Raise Going Concern Doubt
SILGAN HOLDINGS: S&P Puts 'BB+' ICR on Watch Negative on Albea Deal
SOUTHERN LIVING: Lender Wants Receiver to Stay or a Trustee
TM VILLAGE: Unsec. Creditors to Get Payouts From Recoupment Claims

VELMO USA: Feb. 5 Auction of All Assets Set
WANSDOWN PROPERTIES: Azari Says Modified Plan Not Feasible
WASHINGTON PRIME: Fitch Lowers LongTerm IDR to B, Outlook Negative
WEATHER KING: Hires Roderick Linton as Bankruptcy Counsel
WHITE STAR: Feb. 13 Disclosure Statement Hearing Set

WINE UTOPIA: Seeks to Hire Tranzon Auction as Auctioneer
ZOTEC PARTNERS: Moody's Raises CFR to B2, Outlook Stable
[*] James Lukenda Appointed as New AIRA Executive Director
[*] Thompson Hine Elects Nine New Partners

                            *********

15005 NW: Alexander, et al., Await Revisions to Plan & Disclosures
------------------------------------------------------------------
Creditors Alexander LLC, Christiana LLC, Cornell Rd LLC, and
Lillian Logan filed their Precautionary Objection to the Oct. 18,
2019 Disclosure Statement and Plan of Reorganization of debtors
15005 NW Cornell LLC and Vahan M. Dinihanian, Jr.

The Debtors have represented that they plan on filing an Amended
Plan and Disclosure Statement presumably based in part on their
efforts to obtain financing, Creditors need to be able to review
those filings when filed and retain the right to object.  However,
the Creditors reserve the right to object to the Disclosure
Statement should an Amended Plan or Disclosure Statement not be
filed and reserve the right to object to any filed Amended Plan and
Disclosure Statement.

A full-text copy of the precautionary objection dated January 7,
2020, is available at https://tinyurl.com/yx57nvya from
PacerMonitor.com at no charge.

Creditors are represented by:

       Russell D. Garrett
       Daniel L. Steinberg
       JORDAN RAMIS PC
       Two Centerpointe Dr., 6th Floor
       Lake Oswego, Oregon 97035
       Telephone: (503) 598-7070
       Facsimile: (503) 598-7373
       E-mail: russeIl.garrett@jordanramis.com
               daniel.steinberg@jordanramis.com

                     About 15005 NW Cornell

15005 NW Cornell LLC and its owner Vahan Megar Dinihanian, Jr.,
sought Chapter 11 protection (Bankr. D. Ore. Case Nos. 19-31883 and
19-31886) on May 21, 2019.

Vahan Megar Dinihanian Jr. is an individual who owns and operates
multiple business entities, including several entities that own and
lease commercial real estate, a floral products business, and
entities that provide engineering and consulting services.
Dinihanian's principal business is operating Eagle Holdings, LLC,
which owns other real estate-centered entities.

NW Cornell's primary asset is its 50 percent tenant-in-common
ownership interest is 37 acres of undeveloped real property located
at 15005 NW Cornell Road, Beaverton, Oregon. 15005 NW Cornell LLC,
based in Beaverton, OR, was estimated to have $10 million to $50
million in assets and $1 million to $10 million in liabilities as
of the bankruptcy filing.

The Hon. Trish M. Brown oversees the cases.

15005 NW Cornell tapped Douglas Pahl, a partner of Perkins Coie
LLP, as bankruptcy counsel. Motschenbacher & Blattner LLP is
Dinihanian's general bankruptcy counsel.


2300 PISANI: Hires Rodeo Realty as Real Estate Broker
-----------------------------------------------------
2300 Pisani, A Nevada Domestic Limited Liability Company, seeks
authority from the U.S. Bankruptcy Court for the Central District
of California to employ Rodeo Realty, Inc., as real estate broker
to the Debtor.

2300 Pisani requires Rodeo Realty to market and sell the Debtor's
real property located at 2300 Pisanti Pl, Venice, CA 91364.

Rodeo Realty will be paid a commission of 5% of the gross sales
price.

Susan L. Hackett, partner of Rodeo Realty, Inc., assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Rodeo Realty can be reached at:

     Susan L. Hackett
     RODEO REALTY, INC.
     202 North Canon Drive
     Beverly Hills, CA 90210
     Tel: (310) 633-1431

              About 2300 Pisani, A Nevada Domestic
                   Limited Liability Company

2300 Pisani, A Nevada Domestic LLC, filed a Chapter 11 bankruptcy
petition (Bankr. C.D. Cal. Case No. 20-10057) on Jan. 10, 2020,
disclosing under $1 million in both assets and liabilities.  The
Debtor is represented by Michael Totaro, Esq., at Totaro &
Shanahan.


2300 PISANI: Seeks to Hire Totaro & Shanahan as Counsel
-------------------------------------------------------
2300 Pisani, A Nevada Domestic Limited Liability Company, seeks
authority from the U.S. Bankruptcy Court for the Central District
of California to employ the Totaro & Shanahan, as counsel to the
Debtor.

2300 Pisani requires Totaro & Shanahan to:

   a. prepare the 7 day compliance packet, including status
      reports, review and consult concerning Monthly Operating
      Reports, and personal attendance at all hearings, status
      conference, initial Debtor interview, meeting of creditors,
      and status conference;

   b. consult with the Debtor's representative concerning
      documents needed and reports to be prepared and
      consultation with other professionals to be employed by the
      Debtors;

   c. assist the Debtor in preparation of documents for
      compliance with the requirements of the Office of the U.S.
      Trustee;

   d. negotiations with secured and unsecured creditors regarding
      the amount and payment of their claims;

   e. discuss with the Debtor's representative concerning the
      Disclosure Statement and plan of reorganization;

   f. prepare the Disclosure Statement and Chapter 11 Plan of
      Reorganization and any amendments to the same;

   g. assist in the submission of ballots of creditors, tally of
      ballots and submission of the Court;

   h. prepare any response to motions for relief from stay,
      motions to dismiss, or any other motions or contested
      matters.

Totaro & Shanahan will be paid at these hourly rates:

     Attorneys             $550
     Paralegals            $150

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

Michael R. Totaro, a partner at Totaro & Shanahan, 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.

Totaro & Shanahan can be reached at:

     Michael R. Totaro, Esq.
     TOTARO & SHANAHAN
     P.O. Box 789
     Pacific Palisades, CA 90272
     Tel: (800) 541-2802

              About 2300 Pisani, A Nevada Domestic
                   Limited Liability Company

2300 Pisani, A Nevada Domestic LLC, filed a Chapter 11 bankruptcy
petition (Bankr. C.D. Cal. Case No. 20-10057) on Jan. 10, 2020,
disclosing under $1 million in both assets and liabilities.  The
Debtor is represented by Michael Totaro, Esq., at Totaro &
Shanahan.


2NDCH LLC: Plan Payments to be Funded by Continued Operations
-------------------------------------------------------------
Debtor 2ndch, LLC, d/b/a Gumbo's North, filed a Combined Disclosure
Statement and Plan of Reorganization under chapter 11 of the
Bankruptcy Code dated January 7, 2020.

The unsecured, non-priority claim of the Department of the Treasury
- Internal Revenue Service (IRS) will be paid in 12 monthly
installments, commencing on the first business day of March 2024
and concluding in February 2025.  Currently, the total amount
proposed to be paid to Class 6 is $12,000.

Winstead has filed an unsecured proof of claim in the amount of
$5,975.  The members of the Debtor, Denise Page and Shuler Page are
co-debtors of this obligation.  This claim will be paid by the
Pages on or after the Effective Date.

The Caprock Services claim was scheduled as disputed.  Unless
Caprock Services timely files a proof of claim and unless such
claim is Allowed, it will not be paid under the Plan.

Denise Page and Shuler Page shall retain their membership interests
in the Debtor but shall receive no distributions or payments on
account of such membership interests unless and until all payments
required under the Plan are completed.

The Plan will be funded with cash on hand on the Effective Date and
revenue from the operations of the Reorganized Debtor following the
Effective Date. The Debtor shall be responsible for paying all
classes of Claims under the Plan.

The Debtor may have causes of action against Clubquig II, LLC, with
respect to declaring, enforcing, and prosecuting claims regarding
intellectual property rights, marks, copyright, trademark, etc.,
including, without limitation, with respect to the trade name
Gumbo's and/or Gumbo's North.  The Debtor may have causes of action
against NCR Corporation with respect to the Aloha Point of Sale
system.

A full-text copy of the Combined Disclosure Statement and Plan
dated January 7, 2020, is available at https://tinyurl.com/yx7l2gs3
from PacerMonitor.com at no charge.

The Debtor is represented by:

         KELL C. MERCER, P.C.
         Kell C. Mercer
         1602 E. Cesar Chavez Street
         Austin, Texas 78702
         Tel: (512) 627-3512
         Fax: (512) 597-0767
         E-mail: kell.mercer@mercer-law-pc.com

                        About 2ndCh, LLC

2ndCh, LLC, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Tex. Case No. 19-11127) on Aug. 26, 2019.  In the
petition signed by its manager, Shuler W. Page, the Debtor
disclosed assets ranging between $500,001 and $1 million and
liabilities of the same range.  The Debtor is represented by Kell
C. Mercer, P.C.


ADLAI M. KARIM: Selling Berkeley Property for $1.6 Million
----------------------------------------------------------
Adlai Momtaz Karim asks the U.S. Bankruptcy Court for the Northern
District of California to authorize the sale of the real property
located at 2800 Telegraph Avenue, Berkeley, California, APN
053-1689-001, together with improvements thereon, to Chito Kumar
Saha and Shila Saha Sardar, for $1.6 million, in accordance with
the terms of their Purchase and Sale Agreement dated Oct. 17, 2019,
subject to higher and better offers.

The request for authority to sell is based upon the grounds that a
sound business purpose exists for proceeding with the sale in order
to provide for payment of secured claims and to generate funds for
the estate and to fund the Debtor's Plan of Reorganization.

The proposed sale is to be made on the following core terms:

     a. Property - The Property consists of one parcel of land plus
improvements, commonly described as 2800 Telegraph Avenue,
Berkeley, CA, APN 053-1689-001

     b. Purchasers - The purchasers are Chito Kumar Saha and Shila
Saha Sardar

     c. Conditions - The sale is "As-Is," conditioned upon Court
approval of the Motion and the overbid process.  Other terms are
more specifically set forth in the Purchase Agreement.

     d. Sale Price - $1.6 million

     e. Deposit - $50,00 increased to $100,000 upon Court approval
of the sale

     f. Closing Date - The Closing Date is 90 days after Court
approval of sale

     g. Closing Costs - All closing costs, transfer taxes,
recording fees and any other cost related to the escrow will be
payable by the Debtor and the Buyers according to the customary
practices for the transfer of real property in Alameda County,
California.

     h. Misc. - The sale is subject to other customary terms and
conditions as set forth in the Purchase Agreement.

In the Debtor's opinion, the offer by Buyer was the highest and
best offer received.  The Debtor further believes that the price is
adequate, the other terms are acceptable, the sale represents the
best offer for the purchase of the Property, and the auction
process will provide the opportunity for any potential overbidding
that would yield an even higher price (or otherwise best offer).  

As set forth in the preliminary title report, the only liens
against the Property are real property taxes in the approximate
amount of $84,752 and the Deed of Trust held by Cushman Rexrode
Capital Corporation, a California Corporation in the principal
amount of $480,000 and with a current balance due of approximately
$612,000.  The liens will be paid in full from the proceeds of
sale.

The Debtor further requests that the order approving the sale
authorize the Debtor to pay the Brokers' commissions in connection
with the sale.  The Debtor is represented by Ninous Beitashour,
whose employment was approved by the Court on Aug. 14, 2018; the
Buyers are represented by Caitlin Hoertkorn.  None of the brokers
has any connection to the Debtor, the creditors or any other
interested party connected to this estate, including the Office of
the United States Trustee.  Pursuant to the Listing Agreement
between the Debtor and his broker, Mr. Beitashour is entitled to a
commission of 2.5% of the sales price.  Pursuant to the terms of
the Purchase Agreement, Buyers' Brokers are entitled to a
commission of 2.5% of the purchase price.

The Debtor further requests the waiver of the holding periods of
Rule 6004(h), Rule 6006(d), and/or any other applicable holding
period or stay of effectiveness of the Court's approval order to
assure the prompt close of the sale.  It is in the best interests
of the estate that the sale, whether to the Buyers or to an
overbidder, be consummated promptly in order to assure that the
estate realizes the benefit of the sale without delay.  

A hearing on the Motion was set for Jan. 16, 2020 at 10:00 a.m.

The case is In re Adlai Momtaz Karim (Bankr. N.D. Cal. Case No.
18-40667).


AGUPLUS LLC: Hires Elizabeth La Riva as Real Estate Broker
----------------------------------------------------------
AguPlus, LLC, and its debtor-affiliates seek authority from the
U.S. Bankruptcy Court for the District of Hawaii to employ
Elizabeth La Riva, as real estate broker to the Debtor.

AguPlus, LLC requires Elizabeth La Riva to market and sell the
Debtors' real property located at 4490 Pahoa Ave., Honolulu HI
96816.

Elizabeth La Riva will be paid a commission of 3% of the sales
price.

Elizabeth La Riva 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.

Elizabeth La Riva can be reached at:

     Elizabeth La Riva
     614 Kapahulu Ave, Suite 300
     Honolulu, HI 96815
     Tel: (808) 554-9667

                        About AguPlus LLC

AguPlus, LLC, is a Hawaii-based company that operates ramen
restaurants.

AguPlus, LLC, and Agu-V, Inc., each filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Hawaii
Lead Case No. 19-01529) on Nov. 29, 2019.  In the petitions signed
by Rika Takahashi, manager, AguPlus was estimated to have $500,000
to $1 million in assets and $10 million to $50 million in
liabilities; while Agu-V was estimated to have $500,000 to $1
million in assets and $500,000 to $1 million in liabilities.
Jerrold K. Guben, Esq. at O'Connor Playdon Guben & Inouye LLP,
represents the Debtors.


AMERICAN BLUE: Files Voluntary Chapter 11 Bankruptcy Petition
-------------------------------------------------------------
American Blue Ribbon Holdings, LLC, reported it had filed a
petition for voluntary Chapter 11 reorganization on Jan. 27, 2020,
with the U.S. Bankruptcy Court of Delaware.  Once approved by the
Court, this filing will allow the Company to continue operation of
its businesses and service to its customers in the ordinary course
while it works through the important elements of a plan of
reorganization.  The Company also noted it has arranged
debtor-in-possession ("DIP") financing of $20 million from Cannae
Holdings, Inc., its majority equity owner, in support of the filing
and plan of reorganization.

The filing by the Company does not involve or affect the operations
of O'Charley's, LLC or 99 Restaurants, LLC which are not part of
American Blue Ribbon Holdings, LLC.  Fidelity Newport Holdings, LLC
("FNH") owns ABRH, LLC which owns the Company.  Both FNH and ABRH,
LLC will continue operating in the ordinary course and are not
parties to the filing.

The Company believes the reorganization will facilitate the
Company's Village Inn and Bakers Square restaurant brands evolution
to a healthy core of restaurants and support an approach to the
brands that is most beneficial for all stakeholders.  As part of
the reorganization, the Company will explore a variety of strategic
and structural initiatives to best position the Company for success
in the future.

Legendary Baking, LLC ("Legendary"), owned by the Company, will
continue its current operations in the ordinary course.  Legendary
is a Blue Ribbon award winning manufacturer of over 25 million pies
annually and, with the support of the DIP financing, will be able
to conduct its business without interruption and looks forward to
the support of its associates, suppliers and customers through this
process.

The Company's financial trends have been negative since 2017 as the
restaurant operations struggled with declining sales and acceptable
margins.  Those challenges are similar to others in the industry
particularly as it relates to higher wage rates.  During 2018, a
potential transaction to separate the Company's businesses from
existing equity ownership was proposed but did not ultimately occur
after considerable effort.  At that point in the third quarter of
2018, both the restaurant brands and Legendary Baking had new
leadership designated to address the performance shortfalls.

During 2018, ABRH, LLC and other non-debtor affiliates assisted the
Company in funding its operations.  During 2019, in order to fund
operating losses, the Company closed and sold its support facility
in Denver, closed and sold three fee simple restaurant properties,
and accelerated collections of Legendary Baking's receivables,
which were all one-time sources of cash flow.

The Company and ABRH, LLC leadership have worked diligently and
strategically to improve the efficiency of the businesses,
including substantial reductions in G&A expenses, while maintaining
effective operational protocols with focus on improving the
customer experience.  While new leadership substantially improved
the performance of the Company's businesses with a reduction of its
losses by over third, with most of the improvement coming from
Legendary Baking, the expectations for 2020 were continued losses
for the Company.  ABRH, LLC and other non-debtor affiliate
companies are no longer willing to fund the Company's operations
which led to the filing.

Accordingly, the Company filed the bankruptcy and closed 33
underperforming stores; obtained post-petition financing that will
provide sufficient liquidity for the Company to fund operations
during the case; and will explore its strategic options to create a
healthy foundation for optimizing the performance of the businesses
while under the protection of the Bankruptcy Code.  The Company
believes that these efforts will allow the Company and the
businesses to maximize their value for the benefit of all
stakeholders, including customers, employees and creditors.

The Company has established a toll free hotline for team members,
customers and suppliers to address any questions at (833)
991-1558.

American Blue Ribbon Holdings, LLC, is owned by ABRH, LLC.  Its
operations include Village Inn restaurants with 75 company owned
locations and 84 franchised locations; Bakers Square with 22
company owned locations; and Legendary Baking with two
manufacturing facilities producing over 25 million pies annually
with over 75% of sales to third party customers.



ANGELS FOR KIDS: U.S. Trustee Objects to Disclosures & Plan
-----------------------------------------------------------
Debtor Levelbest LLC filed with the U.S. Bankruptcy Court for the
Northern District of New York a Chapter 11 plan and a disclosure
statement.

Levelbest LLC is the title owner to a certain piece of real
property located at 21 Greenwood Avenue, Mechanicville, NY 12118.
It is the successor in interest to homeowner Sarah Millard.  Upon
information and belief, the property is valued at approximately
$81,000.00.

The property was subject to a mortgage foreclosure action captioned
US Bank NA v. Millard bearing Saratoga Index No. 2016-3277 in which
a Judgment of Foreclosure has been improperly granted. As a result
of that Judgment of Foreclosure, Debtor filed for protection
pursuant to Chapter 11 of the United States Bankruptcy Code on
September 11, 2019.

The subject foreclosure action had been dismissed by Order of the
New York Supreme Court. With absolute disregard for the well
established law regarding reopening of cases which had been
dismissed pursuant to 22 NYCRR §202.27, the Supreme Court vacated
its dismissal and signed a Judgment of Foreclosure which does not
appear to have been entered.  Notwithstanding the absence of entry
or notice thereof, the foreclosing bank pressed forward with an
illegal sale of the property.

Debtor's alternative plans:

  * The Debtor proposes paying the foreclosing bank, one half of
the value of the house - $40,500, in $1,000 increments for a period
41 months after payment of administrative claims of the bankruptcy
in satisfaction of the mortgage lien and as consideration for
relief thereof(LIEN ONLY); reserving to foreclosing bank all rights
and remedies under the note which Debtor did not assume.

  * The Debtor proposes that it will move the Court for an
exception to the bankruptcy stay to seek a determination of a state
court of competent jurisdiction to bring a motion for leave to
appear in the state court action, make such appropriate motions as
may preserve Debtor's rights and seek appellate review if
necessary.  Should the Debtor prevail in the foreclosure action and
the dismissal pursuant to 22 NYCRR Sec. 202.27 sustained, the
Debtor will return to the Court for an Order removing the inchoate
mortgage lien from the property, leaving the lender to its remedies
under the note.; if Debtor does not prevail and the vacatur of the
dismissal is sustained.

There is only one creditor who thereof stands in class by itself;
the Debtor seeks its approval of one of the proposed plans.

A full-text copy of the Disclosure Statement dated Jan. 7, 2020, is
available at https://tinyurl.com/r5dzmeb from PacerMonitor.com at
no charge.

The Debtor is represented:

       Matthew J. Mann, Esq.
       Mann Law Firm, P.C.
       426 Troy-Schenectady Rd.
       Latham, NY 12110
       Tel: (518) 785-3300

                     About Levelbest LLC

Levelbest LLC sought Chapter 11 protection (Bankr. N.D.N.Y. Case
No. 19-11673) on Sept. 11, 2019.  The Debtor's counsel is Matthew
J. Mann, Esq. of MANN LAW FIRM, PC.

xxx



Nancy J. Gargula, United States Trustee for Region 21 (UST),
objects to final approval of Angels For Kids On Call 24/7, Inc.'s
Amended Disclosure Statement and confirmation of the Amended Plan
of Reorganization.

In its objection, the U.S. Trustee notes that:

  * The Disclosure Statement fails to include any historical
financial information of the Debtor's operations before or after
the filing of the bankruptcy with enough specificity for a reader
to evaluate the Debtor's projections.

  * The Disclosure Statement's five-year projections fail to
identify any assumptions used in the creation of those forecasts.
It is unclear which locations will remain operational and whether
the Debtor intends to make any changes in its expenses going
forward.

  * The Plan appears to violate Section 1129(a)(5)(B) because it
fails to include compensation details for the Debtor's officers.

  * The Debtor may not have enough funds on hand to cover the
administrative expenses on the effective date.

  * The Plan fails to reflect the Debtor's responsibility to file
post-confirmation reports indicating payments under the Plan and in
its ongoing operations utilizing forms approved by the UST.

A full-text copy of U.S. Trustee's objection dated Jan. 7, 2020, is
available at https://tinyurl.com/seaczyr from PacerMonitor.com at
no charge.

              About Angels For Kids on Call 24/7

Angels For Kids On Call 24/7, Inc. --
https://www.angelsforkidsoncall.com/ -- is a for-profit behavioral
health company located in Orlando, Florida.  The Company provides
treatment of mood disorder, disorders first diagnosed in childhood,
behavioral disorders, trauma, stress and poor health, substance and
social reality problems.  Its target population is high-risk,
diverse and in need of immediate care.

While the Company is uniquely suited to specialize in child and
adult care, it offers a range of treatments for people of all age
ranges.

Angels For Kids On Call 24/7, based in Orlando, FL, filed a Chapter
11 petition (Bankr. M.D. Fla. Case No. 19-03262) on May 16, 2019.
In the petition signed by John Valencia, president, the Debtor was
estimated to have $0 to $50,000 in assets and $1 million to $10
million in liabilities.  The Hon. Karen S. Jennemann oversees the
case.  

Aldo G. Bartolone, Jr., Esq., at Bartolone Law, PLLC, serves as
bankruptcy counsel to the Debtor.


APG SUBS: Auction Sale of Ray's Equipment Approved
--------------------------------------------------
Judge David E. Rice of the U.S. Bankruptcy Court for the District
of Maryland authorized Ray's-Subway, Inc., an affiliate of APG
Subs, Inc., to sell its equipment having been located at store no.
31078, 426 East Main Street, Middletown, Delaware at auction to be
conducted by PCI Auctions East Coast, LLC.

The sale is free and clear of all hen and encumbrances, including
the liens and security interests of Xenith Bank, a division of
Atlantic Union.

The Lender's liens and security interests will attach to the net
proceeds from the sale of the Middletown Equipment after payment of
the Auctioneer Fees.  The net proceeds will be paid and delivered
to the Lender upon closing of the sale of the Middletown Equipment
together with an accounting indicating, among other things, (i) the
items of equipment sold with the sales price for each of the items
sold; and (ii) the removal and relocation expense for the
Middletown Equipment.

The Lender will treat the Middletown Payment as an accelerated
payment on account of its "Secured Claim" and will apply the
Middletown Payment to the total value determined by the "Secured
Claim Treatment," the Parties' previously agreed Secured Claim
amortization schedule and repayment terms.  For the avoidance of
doubt, the net proceeds of the sale of the Middletown Equipment
paid to the Lender will be applied to accrued and unpaid interest
on the Secured Claim, and (ii) repayment will not be re-amortized
as a result of the Middletown Payment and the Secured Claim
Treatment will not be modified such that monthly payments of $4,011
are paid, to the Lender on or before the first of each month on
account of the Secured Claim until it is paid in full.

The Middletown Equipment Auctioneer Application is granted as set
forth.

Ray's Subway is authorized to employ PCI Auctions, solely for the
purpose of selling the Middletown Equipment according to the
process described in the Middletown Equipment Auctioneer
Application.

PCI Auctions will be compensated as follows: (i) a commission of
30% of the sale proceeds; (ii) reasonable expenses for removing and
relocating the Middletown Equipment not to exceed $3,000; and (iii)
the standard Buyer's Premium of 15% of the purchase price such that
if the bid is $100, the buyer will pay an additional $15 that is
paid directly to PCI Auctions, by said buyer plus sales tax.  The
Auctioneer Fees will be paid upon closing of the sale of the
Middletown Equipment.

                       About APG Subs Inc.

APG Subs, Inc., based in Edgewood, MD, and its affiliates sought
Chapter 11 protection (Bankr. M.D. Lead Case No. 19-18315) on June
19, 2019.  In the petition signed by Raymond Burrows, III,
president, the Debtor APG Subs. disclosed total assets of $28,177,
and estimated total liabilities of $1,268,112 in both assets and
liabilities.  The Hon. David E. Rice oversees the case.  Marc R.
Kivitz, Esq., at the Law Office of Marc R. Kivitz, serves as
bankruptcy counsel to the Debtors.


AQUABOUNTY TECHNOLOGIES: Proposes $10M Public Stock Offering
------------------------------------------------------------
AquaBounty Technologies, Inc. has commenced a proposed underwritten
public offering of $10.0 million of common stock of the Company.
In addition, the Company expects to grant the underwriter of the
offering a 45-day option to purchase up to an additional $1.5
million of shares of common stock to cover over-allotments, if any.
All shares of common stock to be sold in the proposed offering
will be sold by the Company.  The offering is subject to market and
other conditions, and there can be no assurance as to whether or
when the proposed offering may be completed, or as to the actual
size or terms of the proposed offering.

Lake Street Capital Markets, LLC is acting as the sole book-running
manager for the proposed offering.

The Company currently intends to use the net proceeds of the
proposed offering, if completed, to continue construction and
renovation activities of its existing facilities in Rollo Bay and
Indiana, for working capital costs associated with growing its
first batches of fish at its Indiana and Rollo Bay farm sites, and
for other general corporate purposes.

The proposed offering will be made only by means of a prospectus. A
preliminary prospectus related to and describing the terms of the
proposed offering has been filed with the Securities and Exchange
Commission.  Copies of the preliminary prospectus relating to the
proposed offering may be obtained, when available, from Lake Street
Capital Markets, LLC, Attn: Syndicate Department, 920 Second Avenue
South, Suite 700, Minneapolis, Minnesota 55402; by calling
612-326-1305; or by emailing syndicate@lakestreetcm.com, or at the
SEC's website at http://www.sec.gov.

A registration statement on Form S-1 (File No. 333-235919) relating
to the securities to be sold in the proposed offering has been
filed with the SEC but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.

                        About AcquaBounty

Headquartered in Maynard, Massachusetts, AquaBounty Technologies,
Inc., is a biotechnology company focused on enhancing productivity
and sustainability in the fast-growing aquaculture market.  The
Company's objective is to ensure the availability of high-quality
seafood to meet global consumer demand, while addressing critical
production constraints in the most popular farmed species.

AquaBounty reported a net loss of $10.38 million in 2018 following
a net loss of $9.26 million in 2017.  As of Sept. 30, 2019, the
Company had $32.96 million in total assets, $6.08 million in total
liabilities, and $26.88 million in total stockholders' equity.
Cash and cash equivalents at Sept. 30, 2019, was $6.4 million.

Wolf & Company, P.C., in Boston, Massachusetts, the Company's
auditor since 2011, issued a "going concern" qualification in its
report dated March 7, 2019, on the Company's consolidated financial
statements for the year ended Dec. 31, 2018, citing that the
Company has suffered recurring losses and negative cash flows from
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


ARCACHON PARTNERS: Rompsen Seeks to Strike Plan & Disclosures
-------------------------------------------------------------
Rompsen California Mortgage Limited Partnership moves the U.S.
Bankruptcy Court for the Northern District of California for an
order striking the Combined Plan of Reorganization and Disclosure
Statement of debtor Arcachon Partners, LLC because Debtor's Plan
fails to comply with 11 U.S.C. Sec. 1125 and 1129.

By this Motion, Rompsen seeks an order striking the Debtor's Plan
and deeming Debtor's Dec. 13, 2019, and Jan. 3, 2020 filings
inadequate to meet the requirement of Section 362(d)(3)(A).

The Plan is fashioned on Form DS 7-3-12 which is intended to be
used by individual debtors under the small business procedures of
Section 1125(f).  The Debtor's use of a combined plan and Form DS
7-3-12 is an inappropriate attempt to avoid its obligations under
Sec. 362(d)(3)(B).

A full-text copy of the motion dated January 7, 2020, is available
at https://tinyurl.com/uxxgyq5 from PacerMonitor.com at no charge.

Rompsen California is represented by:

      BRYAN CAVE LEIGHTON PAISNER LLP
      H. Mark Mersel
      Craig Schuenemann
      3161 Michelson Drive, Suite 1500
      Irvine, California 92612-4414
      Telephone: (949) 223-7000
      Facsimile: (949) 223-7100
      E-mail: mark.mersel@bclplaw.com
              craig.schuenemann@bclplaw.com

                       About Arcachon Partners

Arcachon Partners, LLC, based in Saint Helena, Calif., is a Single
Asset Real Estate (as defined in 11 U.S.C. Section 101(51B)). Its
principal assets are located at 775 Deer Park Road Saint in
Helena.

Arcachon Partners filed for Chapter 11 bankruptcy (Bankr. N.D. Cal.
Case No. 19-10687) on Sept. 16, 2019. In the petition signed by
Jonathan Roleder, Arcachon's managing member, the Debtor was
estimated to have $1 million to $10 million in both assets and
liabilities. The Hon. Charles Novack is the presiding judge.


ARSENAL RESOURCES: Prepackaged Plan Declared Effective Jan. 7, 2020
-------------------------------------------------------------------
On Dec. 19, 2019, the United States Bankruptcy Court for the
District of Delaware entered its order approving the adequacy of
the Disclosure Statement and the Prepetition Solicitation
Procedures, and confirming the First Amended Joint Pre-Packaged
Plan of Reorganization which confirmed the First Amended Joint
Pre-Packaged Plan of Reorganization of Arsenal Resources
Development LLC and its Debtor Affiliates.

The Effective Date of the Plan occurred on Jan. 7, 2020. Each of
the conditions precedent to the Effective Date has been satisfied
or waived in accordance with the terms of the Plan.

Any Professional asserting a Professional Fee Claim for services
rendered before the Confirmation Date must file and serve an
application for final allowance of such Professional Fee Claim no
later than Feb. 21, 2020, on the Reorganized OpCo Debtors,
co-counsel to the Reorganized OpCo Debtors, the Office of the
United States Trustee for the District of Delaware, and (d) any
other party that has filed a request for notices with the
Bankruptcy Court.

Proofs of Claim with respect to Claims arising from the rejection
of Executory Contracts or Unexpired Leases, if any, must be filed
with the Bankruptcy Court no later than Feb. 6, 2020.

Effective as of the Effective Date, except as expressly provided in
the Plan or the Confirmation Order, the terms of the Plan and the
Confirmation Order are immediately effective and enforceable and
deemed binding upon the Debtors, the Reorganized Debtors, and any
and all Holders of Claims or Equity Interests.

A full-text copy of the notice dated January 7, 2020, is available
at https://tinyurl.com/s8nrvj6 from PacerMonitor.com  at no
charge.

                     About Arsenal Resources

Arsenal Resources -- http://www.arsenalresources.com/-- is an
independent exploration and production company headquartered in
Pittsburgh, Pennsylvania that is engaged in the acquisition,
exploration, development and production of natural gas in the
Appalachian Basin.  

Arsenal Resources Development LLC and 16 affiliates sought Chapter
11 protection (Bankr. D. Del. Lead Case No. 19-12347) on Nov. 8,
2019, to implement terms of a prepackaged Chapter 11 plan of
reorganization.

Arsenal was estimated to have at least $500 million in assets and
liabilities as of the bankruptcy filing.

The Company is represented by Simpson Thacher & Bartlett LLP and
Young Conaway Stargatt & Taylor LLP, as legal counsel, PJT Partners
LP, as investment banker and Alvarez & Marsal North America, LLC,
as restructuring advisor.


BAR LOUIE: Files Voluntary Chapter 11 Petition to Facilitate Sale
-----------------------------------------------------------------
Bar Louie, an award-winning gastrobar, on Jan. 27, 2020, disclosed
that it has reached an agreement with its lenders to act as the
stalking horse purchaser and to support the Company through a
Chapter 11 bankruptcy sale, subject to higher and better offers.
The Company will continue to operate its more than 90 locations
across the United States in the normal course of business.

To implement the sale transaction, Bar Louie has filed voluntary
petitions for relief under Chapter 11 protection of the United
States Bankruptcy Code in the United States Bankruptcy Court for
the District of Delaware.  The Company does not expect the filing
to have meaningful impact on its day-to-day business.  In advance
of the filing, the Company closed underperforming locations to
strengthen its operational and financial position.

Bar Louie has received commitments from its lenders for
debtor-in-possession (DIP) financing.  This financing will allow
Bar Louie to continue operations, effectuate the transaction, and
fund post-bankruptcy operating expenses, including its obligations
to employees and suppliers.

"Bar Louie is a profitable business focused on long-term growth
with new investors.  The sale through Chapter 11 will help us to
focus on our profitable core locations and expand in areas that
have a proven track record of success," said Tom Fricke, CEO of Bar
Louie.  "Most importantly, it ensures that we can continue to
provide superior service to our guests, implement an exciting range
of new customer-facing initiatives, expand our marketing influence,
and continue to offer the 5-star experience we are known for."

The Company expects to emerge from the Chapter 11 process within 90
days.

                          About Bar Louie

With more than 90 gastrobars across the United States, Bar Louie --
http://www.barlouie.com/-- serves up shareable, chef-inspired grub
with craft cocktails, martinis, beer and wine in an always-social
space.  Known for its handcrafted drinks, as well as its lineup of
local and regional beers which range from 20 to 40 taps depending
on the size of each location, Bar Louie caters to local tastes and
satisfies cravings from daytime until last call.  Game day, brunch,
happy hour, lunch, dinner or late night, Bar Louie is the spot to
hang out with friends and make new ones.  Bar Louie was founded in
downtown Chicago in 1990 and today calls Addison, Texas home.



BIG Z: Involuntary Chapter 11 Case Summary
------------------------------------------
Alleged Debtor: Big Z, Inc.
                5681 Vineland Rd
                Orlando, FL 32819

Involuntary Chapter 11 Petition Date: January 27, 2020

Court: United States Bankruptcy Court
       Middle District of Florida

Case Number: 20-00460

Judge: Hon. Karen Jennemann

Petitioners' Counsel: David S. Cohen, Esq.
                      LAW OFFICES OF DAVID S. COHEN
                      5728 Major Blvd. Suite 550  
                      Orlando, FL 32819
                      Tel: 407-354-3420           

Alleged creditors who signed the involuntary petition:

Petitioners                  Nature of Claim    Claim Amount
-----------                  ---------------    ------------
Thomas Pszota                Rental Equipment         $2,200
6009 Peregrine Ave
Orlando, FL 32819

Vineland Cypress, LLC              Rent              $40,410
5675 Vineland Road
Orlando, FL 32819

William L. Glenn                A/C Repairs           $3,470
7147 Yacht Basin Ave.
Orlando, FL 32835  

Jeffrey Doyle                      Tile                 $844
6009 Peregrine Ave.
Orlando, FL 32819

A full-text copy of the Involuntary Petition is available for free
at PacerMonitor.com at:

                       https://is.gd/81y79C


BORDEN DAIRY: Granted Cash Access for Another 30 Days
-----------------------------------------------------
Borden, one of America's favorite dairy companies founded in 1857,
has been granted consensual use of cash collateral for another 30
days after the latest Jan. 23 court hearing in its voluntary
reorganization proceedings.  This authorization enables Borden to
continue operations and honor obligations in the normal course of
business.

Borden is continuing to work with its lenders and will participate
in a mediation in the coming days to develop a strategy for the
Company to exit bankruptcy.  The Company's next court hearing is
scheduled for Feb. 24.

"We, along with our legal and financial expert consultants, are
confident that Borden will accomplish our goal of longer-term
stability.  We have now had two very positive court hearings, and
we feel encouraged that this momentum will help us reach faster
alignment with our lenders," said Borden CEO Tony Sarsam.

The Company initiated the voluntary reorganization proceedings on
Jan. 5 to pursue a financial restructuring designed to reduce its
current debt load, maximize value and position the Company for
long-term success.  It intends to work closely with creditors,
customers and employees to identify value-maximizing restructuring
plans that will benefit all stakeholders.

For additional information about the reorganization, visit
bordenfinancialreorg.com.

                        About Borden Dairy

Borden Dairy Company -- http://www.bordendairy.com/-- is a
processor and direct-to-store distributor of fresh fluid milk,
dairy case products and other beverages.  It produces and
distributes a wide variety of branded and private label
traditional, flavored and specialty milk, buttermilk, dips and sour
cream, juices, tea, and flavored drinks to mass merchandisers,
educational institutions, food service retailers, grocery stores,
drug stores, convenience stores, food and beverage wholesale
distributors, and retail warehouse club stores across the United
States.

Headquartered in Dallas, Borden Dairy operates 12 milk processing
plants and nearly 100 branches across the U.S.  It was founded in
1857 by Gail Borden, Jr.

Borden Dairy and its subsidiaries sought Chapter 11protection
(Bankr. D. Del. Lead Case No. 20-10010) on Jan. 5, 2020.

Judge Christopher S. Sontchi oversees the case.

Borden Dairy was estimated to have $100 million to $500 million in
assets and liabilities as of the bankruptcy filing.

The Debtors tapped Arnold & Porter Kaye Scholer LLP as general
bankruptcy counsel; Young Conaway Stargatt & Taylor LLP as special
counsel; and Donlin Recano as the claims agent.


BOROWIAK IGA: Seeks to Hire Taylor Auction as Auctioneer
--------------------------------------------------------
Borowiak Iga Foodliner, Inc., seeks authority from the U.S.
Bankruptcy Court for the Southern District of Illinois to employ
Taylor Auction Service, as auctioneer.

Borowiak Iga requires Taylor Auction to market and sell the
Debtor's personal property at the four closed stores located in
Grayville, IL, Mt. Carmel, IL, Mt. Vernon, IL, and Centralia, IL.

Taylor Auction will be a commission of 30% of the gross auction
sales of the property, plus advertising expenses.

Mark Taylor, partner of Taylor Auction Service, 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.

Taylor Auction can be reached at:

     Mark Taylor
     TAYLOR AUCTION SERVICE
     3857 4th St.
     Thompsonville, IL 62890
     Tel: (618) 889-6899

                About Borowiak Iga Foodliner

Borowiak IGA Foodliner, Inc., d/b/a Borowiak's IGA, --
https://www.borowiaksonline.com/ -- is a food retailer in Southern
Illinois offering canned foods and dry goods, beverages, cocktails,
breads, casseroles, and other related products.  Borowiak owns and
operates three grocery stores located in Albion, Mt. Carmel and
Carterville, Ill.  Earlier in 2019, Borowiak has closed its stores
in Mt. Vernon, Centralia and Grayville.  In late 2018, Borowiak
closed one store in Lawrenceville.

Borowiak sought Chapter 11 protection (Bankr. S.D. Ill. Case No.
19-40699) on Sept. 17, 2019 in Benton, Illinois. In the petition
signed by Trevor Borowiak, president, the Debtor disclosed
$2,205,931 in assets and $9,097,877 in liabilities.  Judge Laura K.
Grandy is assigned the Debtor's case.  Antonik Law Offices
represents the Debtor.


BRILLIANT ENVIRONMENTAL: Ford Motor Objects to Plan & Disclosures
-----------------------------------------------------------------
Ford Motor Credit Company LLC, a secured creditor of debtor
Brilliant Environmental Services LLC, objects to the Debtor's plan
and disclosure statement.

Ford Credit holds a first purchase money security interest
encumbering 2016 FORD F150 owned by the debtor.  The Plan provides
that the Debtor is current with payments and will continue to pay
Ford Credit outside the plan.  The Plan should also state that Ford
Credit will retain its lien on the vehicle after confirmation and
until it is paid in full by the debtor in accordance with the terms
of the retail installment contract encumbering the vehicle.

A full-text copy of Ford Motor Credit's objection dated Jan. 7,
2020, is available at https://tinyurl.com/sfa6aub from
PacerMonitor.com at no charge.

Ford Motor Credit is represented by:

         Morton & Craig LLC
         John R. Morton, Jr., Esq.
         110 Marter Ave., Suite 301
         Moorestown, NJ 08057
         Telephone: 856-866-0100

           About Brilliant Environmental Services

Brilliant Environmental Services is a full-service environmental
consulting and contracting firm. The Company offers a wide array of
environmental services to residential, commercial, industrial, and
municipal/public clients, including investigation, remediation,
brownfields redevelopment, and underground storage tank services.

Brilliant Environmental Services, LLC, based in Jackson, NJ, filed
a Chapter 11 petition (Bankr. D.N.J. Case No. 19-19682) on May 13,
2019.  In the petition signed by Philip Brilliant, managing member,
the Debtor disclosed $542,706 in assets and $1,076,034 in
liabilities.  The Hon. Kathryn C. Ferguson oversees the case.  The
Debtor hired Gillman Bruton & Capone, LLC, as bankruptcy counsel to
the Debtor.


BROOKFIELD WEC: Fitch Affirms B LongTerm IDR, Outlook Stable
------------------------------------------------------------
Fitch Ratings affirmed Brookfield WEC Holdings' and Brookfield WEC
Sub-Aggregator LP's Long-Term Issuer Default Ratings at 'B'. The
Rating Outlook is Stable. The company had $3.1 billion of debt
outstanding as of Sept. 30, 2019.

KEY RATING DRIVERS

Long-Term Decline in Nuclear Energy: WEC's product and service
offerings are concentrated in the nuclear energy market, which
continues to face a long-term decline in the U.S. and Western
Europe due to lower priced competing energy sources and political
and regulatory resistance. These regions make up a high majority of
WEC's revenue, and there is a risk that the pace of reactor
closings could accelerate if government support falls and competing
energy prices remain relatively low. There are 96 nuclear reactors
in the U.S., a handful of which are scheduled to close over the
next five years. WEC has some exposure to developing geographies
with long-term growth, such as Eastern Europe, the Middle East and
China, though international trade policies remain a risk.

Operational Restructuring Improves Margins: A substantial
improvement in EBITDA margin is expected over the next few years as
the company continues to execute on various cost saving actions and
low-margin new plant projects roll off. In 2019, the company
identified additional cost restructuring measures to be initiated
over the next couple of years. Fitch believes EBITDA margins could
reach or surpass 20% in the next two to three years provided WEC
realizes moderate success in its cost saving measures. Performance
in line with Fitch's expectations could lead to a FCF margin in the
mid-to-high single digits, excluding any dividends, following a
temporary period of uranium stock sell off that will inflate FCF
over the next couple of years.

Deleveraging Anticipated: Based on expectations of cost savings
fueling EBITDA growth, some debt repayments and the company's
intentions to reduce leverage, Fitch believes debt/EBITDA will
decline from 5.7x at YE 2018 to around 5.0x by YE 2020. Fitch
assumes modest distributions to the PE sponsor, Brookfield Asset
Management, and moderate levels of M&A, which, collectively, are
not expected to be leveraging.

Leading Market Position and Technology: WEC has a leading
technology position in the commercial nuclear reactor space, with
approximately half of the world's nuclear reactors running on its
technology. These reactors were built either by WEC as OEM or by
other companies that have licensed its technology. In the U.S. and
Europe, the company has a top 1 or 2 market position in nuclear
plant services, benefitting from intellectual property, technical
expertise, intense regulations, high switching costs and an
extended fuel licensing process. In addition, the company has a
presence in China where much of the world's growth in nuclear
energy generation is expected, although there is a risk of
increased competition from local firms.

High Recurring Revenue Base: WEC benefits from a solid recurring
revenue base supported by multi-year contracts and regular
maintenance requirements. It is estimated that 80%-90% of
profitability is driven by regularly recurring refueling and
maintenance outages serviced under contracts generally ranging from
10-15 years for fuel and 3-5 years for outage services. These
refueling cycles drive some volatility in performance year-to-year,
although the risk is moderated by the regulatory-driven
predictability of these cycles.

Adequate Financial Flexibility: WEC's flexibility is supported by
expectations of solid liquidity and FCF generation. FFO fixed
charge coverage is expected to settle around the mid-2x in the next
couple years as a result of improving margins and lower
restructuring costs, consistent with 'B' category industrial firms.
WEC's financial policies, similar to that of other PE backed
issuers, appear fluid and heavily influenced by its sponsor.

DERIVATION SUMMARY

WEC's ratings consider its leading market position servicing the
nuclear reactor market, strong technological capabilities,
recurring-demand focused offering, and prospects of improving
profitability. These factors are weighed against its concentration
in the nuclear energy market, which is experiencing a long-term
decline in core markets, cost reduction execution risks, and the
potential for a more aggressive financial policy. WEC's focus in
the declining nuclear energy market is a key long-term concern and
atypical in the broader diversified industrial sector. From a
financial performance perspective, WEC's EBITDA margins in the
mid-teens and improving are strong compared to similarly rated
industrials firms Griffon (B+) and Zinc-Polymer (B), which both
have below average EBITDA margins of around 9%-10%. In fiscal 2019,
WEC's debt/EBITDA is similar to Griffon's in the mid-5x and above
Zinc-Polymer's in the high 4x.

KEY ASSUMPTIONS

  -- Organic revenue growth is negative, reflecting wind down of
legacy large projects and weak industry fundamentals in WEC's key
geographies;

  -- EBITDA margins notably improve, potentially reaching 20% in
the intermediate term, due to restructuring initiatives;

  -- Shareholder distributions and M&A play a growing role in
capital deployment;

  -- Underlying FCF margin (before any dividends) improves with
cost restructuring initiatives.

Recovery Analysis

The recovery analysis for a hypothetical future bankruptcy assumes
that WEC would be considered a going-concern in bankruptcy and that
the company would be reorganized rather than liquidated. Fitch has
assumed a 10% administrative claim.

The going-concern (GC) EBITDA estimate of $440 million reflects
Fitch's view of a sustainable post-reorganization EBITDA level,
upon which the agency bases the valuation of the company. The GC
EBITDA reflects the secular challenges facing the nuclear industry,
including a long-term decline in the nuclear industry, and the
potential for significant liabilities arising from nuclear or
environment incidents. The estimate also reflects Fitch's
assumption that WEC can mitigate adverse conditions with additional
cost reductions. The GC EBITDA is 25% below 2019 EBITDA.

An EV multiple of 6x is used to calculate a post-reorganization
valuation and reflects several factors. The bankruptcy exit
multiple for WEC, based on the $3.8 billion purchase price by
Brookfield (including transaction costs) is 9x based on fiscal 2017
EBITDA and 7x based on fiscal 2018 EBITDA. In addition, the 2018
acquisition of WEC's key competitor, Framatome, was completed at
approximately 8x EBITDA.

The ABL and first lien RCF are assumed to be fully drawn upon
default. The ABL is senior to the first lien RCF and term loans.

The waterfall results in a 'RR1' Recovery Rating for the ABL
facility ($200 million), representing outstanding recovery
prospects. The waterfall also indicates a 'RR3' for the first-lien
RCF ($200 million) and term loan ($3.05 billion), corresponding to
good recovery prospects.

RATING SENSITIVITIES

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

  -- Expectation that WEC adheres to a disciplined financial
strategy and Debt/EBITDA maintained below 4.5x;

  -- Cost reduction initiatives perform better than expected
leading to a FCF margin sustainable in the mid-to-high single
digits;

  -- WEC is able to achieve sustainably positive organic growth
outside of legacy plant projects.

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

  -- An aggressive financial policy leads to Debt/EBITDA maintained
above 5.5x;

  -- The U.S. nuclear energy market declines faster than expected
and leads to extended revenue losses;

  -- Realized cost savings are lower than expected leading to
break-even to slightly positive FCF generation;

  -- The company faces costly liabilities from an environmental or
nuclear incident.

LIQUIDITY AND DEBT STRUCTURE

WEC's liquidity is supported by $145 million of cash and
equivalents in addition to availability under its $200 million ABL
revolver, a $200 million cash flow revolver and a $375 million
letter of credit facility. The two revolvers were undrawn though
there was $316 million in letters of credit outstanding against
these facilities at Sept. 30, 2019. Debt maturities are manageable
with $31 million of annual term loan amortization and the ABL
facility maturing first in August 2023

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
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.


CENTRAL PALM BEACH SURGERY: Case Summary & Top Unsecured Creditors
------------------------------------------------------------------
Two affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

      Debtor                                        Case No.
      ------                                        --------
      Central Palm Beach Surgery Center LTD.        20-11127
      2047 Palm Beach Lakes Blvd.
      West Palm Beach, FL 33409

      CPBS Management LLC                           20-11136
      2047 Palm Beach Lakes Blvd
      West Palm Beach, FL 33409

Business Description: The Debtors own and operate an ambulatory
                      surgery center in West Palm Beach, Florida.

Chapter 11 Petition Date: January 28, 2020

Court: United States Bankruptcy Court
       Southern District of Florida

Judge: Hon. Mindy A. Mora

Debtors' Counsel: Robert C. Furr, Esq.
                  FURRCOHEN P.A.
                  2255 Glades Rd.
                  Suite 301E
                  Boca Raton, FL 33431
                  Tel: 561-395-0500

Central Palm Beach Surgery's
Total Assets: $7,115,518

Central Palm Beach Surgery's
Total Liabilities: $12,270,801

CPBS Management's
Estimated Assets: $0 to $50,000

CPBS Management's
Estimated Liabilities: $10 million to $50 million

The petitions were signed by Jonathan Cutler, authorized member.

Copies of the petitions are available for free at PacerMonitor.com
at:

                    https://is.gd/Os6d5z
                    https://is.gd/HibTkZ

A. List of Debtors' 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. JHCSMC Marketing                 All Assets of       $5,291,221
11412 Okeechobee Blvd                 the Debtor
West Palm Beach, FL 33411

2. 2047 Palm Beach                 Promissory Note      $4,022,000
Lakes Partners, LLC
2047 Palm Beach
Lakes Blvd
West Palm Beach, FL 33409

3. Biomet                              Medical            $482,318
14235 Collections Center               Device
Chicago, IL 60693                   Manufacturer

4. S1 Spine LLC                   Medical Services        $212,520
P.O. Box 71207
Philadelphia, PA 19176

5. Specialty Care IOM             Neuromonitoring         $112,251
Services LLC                          Services
Department 1614
P.O. Box 11407
Birmingham, AL 35246

6. Henry Schein                     Health Care            $97,657
P.O. Box 371952                    Products and
Pittsburgh, PA15250                  Services

7. Clarus Medical, LLC             Medical Device          $77,730
13355 10th Ave N.                     Services
Suite 110
Minneapolis, MN 55441

8. Nutech Solutions               Distributor for          $61,625
for Life                            Medical and
P.O. Box 36639                   Surgical Products
Birmingham, AL 35236

9. Arthex Inc.                     Medical Device          $37,457
P.O. Box 403511                       Supplier
11 West Palm Beach,
FL 33403

10. Steris Corporation                 Medical             $36,315
P.O. Box 676548                       Services
Dallas, TX 75267

11. Stryker Endoscopy                  Surgery             $35,472
P.O. Box 93276                        Equipment
Chicago, IL 60673

12. Black Diamond                      Medical             $33,775
Medical Inc.                          Equipment
650 N Wymore Road                     Services
Ste 102
Winter Park, FL 32789

13. Life Spine, Inc.                   Medical             $29,300
P.O. Box 83050                       Technology
Chicago, IL 60691                   Manufacturer

14. Medline Industries, Inc.          Medical              $27,813
Dept CH 14400                        Services
Palatine, IL 60055

15. Paradigm Spine, LLC               Designs,             $26,000
505 Park Avenue                      Develops,
New York, NY 10022                  and Markets
                                  Medical Devices

16. Smith & Nephew, Inc.          Medical Services         $25,901
P.O. Box 205651
Dallas, TX 75320

17. Wright Medical                Medical Device           $23,021
Technology, Inc.                   Manufacturer
P.O. Box 503482
Saint Louis, MO 63150

18. Medtronic USA Inc.            Medical Device           $22,554
PO BOX 409201                        Services
Atlanta, GA 30384-9201

19. SeaSpine Sales LLC                Spinal               $21,740
P.O. Box 207146                    Technologies
Dallas, TX 75320                     Services

20. Manatee Medical, Inc.            Medical               $21,600
640 Coral Trace Blvd                Equipment
Edgewater, FL 32132                  Supplier


CHILLER SERVICES: Hires Van Horn Auctions as Auctioneer
-------------------------------------------------------
Chiller Services Rigging & Demo, Inc., seeks authority from the
U.S. Bankruptcy Court for the Central District of California to
employ Van Horn Auctions & Appraisal Group, LLC, as auctioneer to
the Debtor.

Chiller Services requires Van Horn Auctions to conduct a public
auction of substantially all of the Debtor's physical assets,
including but not limited to the Debtor's demolition and rigging
equipment, 2011 Freightliner tractor, 2002 Freightliner utility
truck, Trail King low-boy trailer, (3) forklifts, compressors,
rigging equipment, heavy material moving dollies, shackles, hand,
pneumatic and electrical tools, hoists, fall protection gear,
winches, motors, welders, job boxes, cables, lifting straps, jacks,
pallet racking, casters and wheels, ladders, strapping unit,
printers, phone system, office furniture fixtures and equipment,
located on the real property located at 9620 Santa Fe Springs Road,
Santa Fe Springs, California 90670.

Van Horn Auctions will be paid a commission of 15% buyers' premium
charge to each buyer. Van Horn Auctions will also be reimbursed for
reasonable out-of-pocket expenses incurred a sum of no more than
$11,200..

Scott R. Van Horn, partner of Van Horn Auctions & Appraisal Group,
LLC, assured the Court that the firm is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code and
does not represent any interest adverse to the Debtor and its
estates.

Van Horn Auctions can be reached at:

     Scott R. Van Horn
     VAN HORN AUCTIONS &
     APPRAISAL GROUP, LLC
     26895 Aliso Creek Rd., Suite B
     Aliso Viejo, CA 92656
     Tel: (949) 206-2525

             About Chiller Services Rigging & Demo

Chiller Services Rigging & Demo, Inc., a privately held company in
Santa Fe Springs, Calif., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 19-22677) on Oct. 28,
2019.  At the time of the filing, the Debtor had estimated assets
of less than $50,000 and liabilities of between $1 million and $10
million.  The case is assigned to Judge Sandra R. Klein.  The
Debtor is represented by Lane K. Bogard, Esq., at Haberbush &
Associates, LLP.


COASTAL INTERNATIONAL: Hires Finestone Hayes as Counsel
-------------------------------------------------------
Coastal International, Inc., seeks authority from the U.S.
Bankruptcy Court for the Northern District of California to employ
Finestone Hayes LLP, as co-counsel to the Debtor.

Coastal International requires Finestone Hayes to provide the legal
services that may be required to represent the Debtor in the
Chapter 11 case, which has been transferred to the Northern
District of California.

Finestone Hayes will be paid at these hourly rates:

     Stephen D. Finestone             $525
     Jennifer C. Hayes                $525
     Ryan A. Witthans                 $350

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

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

Finestone Hayes can be reached at:

     Stephen D. Finestone, Esq.
     Jennifer C. Hayes, Esq.
     Ryan A. Witthans, Esq.
     FINESTONE HAYES LLP
     456 Montgomery Street, 20th Floor
     San Francisco, CA 94104
     Tel: (415) 421-2624
     Fax: (415) 398-2820
     E-mail: sfinestone@fhlawllp.com
             jhayes@fhlawllp.com

                  About Coastal International

Coastal International, Inc., is a Nevada corporation formed in
1984, which provides trade show installation and dismantling
services in the exhibit and event industry. Its operations extend
into major cities across the United States, and the Company
maintains a staff of trained, full-time employees to handle most
any installation and dismantling project from start to finish.
Coastal generated approximately $24 million in revenues during
2018.

Coastal International, Inc., sought creditor protection under
Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No.
19-13584) on Sept. 15, 2019.  At the time of the filing, the Debtor
was estimated to have assets of between $1 million and $10 million
and liabilities of between $10 million and $50 million.  The case
has been assigned to Judge Theodor Albert.  The Debtor tapped
Weiland Golden Goodrich LLP as counsel; and Finestone Hayes LLP, as
co-counsel.


COMMUNITY BUILDERS: Has No Ability to Confirm Plan, Says ATR
------------------------------------------------------------
ATR Investments, LLC, filed an objection to Community Builders and
Capital Development, Inc.'s Disclosure Statement and Proposed Plan
of Re-Organization.

ATR asserts that the Debtor has acted in bad faith throughout this
case by doing absolutely nothing to substantiate its ability to
confirm a plan.

ATR notes that the Debtor has failed to carry the requisite
insurance to protect its only substantial asset, which is real
property valued at $1,800,000 according to the Debtor.

ATR notes that it has been determined that despite the in-court
representations and testimony of the Debtor's representative,
Ameena Ali, that the subject real property was insured, it was
determined that at no time was the property adequately insured.

ATR complains that the Debtor has maintained that it is a "not for
profit corporation", while the Debtor's tenant is an insider, who
is a "for profit" fully operational private school with "hundreds
of students".

ATR asserts that even assuming arguendo that the purported mortgage
was valid at origination which ATR disputes, the Mortgage and
corresponding Promissory Note would be time barred by the Statute
of Repose, the Statute of Limitations, and is nothing more than a
fraudulent loan that is voidable pursuant to Florida Statute Sec.
726.201.

ATR complains that as it stands, six months later, no accountant
has been retained, nothing has been furnished, nor has anything
been offered which would otherwise evidence an ability for the
Debtor to confirm a plan, and ATR questions whether the Debtor has
filed any taxes returns.  Each and every report evidence that the
Debtor has absolutely no meaningful business activity, according to
ATR.

ATR further points out that while the Debtor's counsel made himself
available, unfortunately, the Debtor's counsel indicated that he
had no control to compel all those parties to sit for deposition,
and that the undersigned would be required to subpoena these
parties, but, he indicated that they wouldn't appear for a
deposition nonetheless.

Counsel for ATR Investments:

     JOHN L. PENSON, P.A.
     1900 Sunset Harbour Dr., Annex-2nd Floor
     Miami Beach, FL 33139
     Tel: (305) 532-1400
     Fax: (305) 675-6390
     Primary Email: pensonservice@gmail.com
     Secondary Email: john@pensonlaw.org

                    About Community Builders

Community Builders and Capital Development, Inc., a tax-exempt
charitable organization in Opa Locka, Fla., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
19-16724) on May 22, 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
Robert A. Mark.  Joel M. Aresty P.A. is the Debtor's legal counsel.


CRESCENT ASSOCIATES: Court Approves Disclosure Statement
--------------------------------------------------------
Judge Julia W. Brand has ordered that the Disclosure Statement
filed by CRESCENT ASSOCIATES, LLC., a California Limited Liability
Company, is approved, and the Debtor may proceed to the
solicitation of ballots for the purpose of confirming the Second
Amended Plan of Reorganization.

A hearing to consider confirmation of the Plan is scheduled for:

          Date: March 19, 2020
          Time: 10:00 a.m.
          Place: Courtroom 1375
          255 E. Temple Street
          Los Angeles, CA 90012

The last day for the receipt of ballots to be counted in connection
with the confirmation of the PLAN shall be Feb. 18, 2020.

The last day to object to the confirmation of the PLAN shall be
Feb. 18, 2020.

The Debtor will submit, on or before March 3, 2020, a Memorandum of
Points and Authorities, supporting the confirmation of the PLAN and
addressing any objections to confirmation and a ballot summary
relating to the voting of the creditors on the PLAN.

General counsel for the Debtor:

     ROBERT M. YASPAN
     JOSEPH G. McCARTY
     DEBRA R. BRAND
     LAW OFFICES OF ROBERT M. YASPAN
     21700 Oxnard Street, Suite 1750
     Woodland Hills, California 91367
     Telephone: (818) 905-7711
     Facsimile: (818) 501-7711

                    About Crescent Associates

Crescent Associates, LLC, based in Los Angeles, California, filed a
petition seeking relief under Chapter 11 of the Bankruptcy Code
(Bankr. C.D. Cal. Case No. 18-20654) on Sept. 12, 2018.  The Hon.
Julia W. Brand oversees the case.  In the petition signed by Edward
Friedman, managing member, the Debtor disclosed $4,350,100 in
assets and $5,214,026 in liabilities.  Robert M. Yaspan, Esq., at
the Law Offices of Robert M. Yaspan, serves as bankruptcy counsel
to the Debtor.  Turner Friedman Morris & Cohan, LLP, is special
counsel.


DAN'S MOBILE V: Seeks to Hire Melody D. Genson as Legal Counsel
---------------------------------------------------------------
Dan's Mobile V Twin Service, LLC seeks authority from the U.S.
Bankruptcy Court for the Middle District of Florida to employ the
Law Offices of Melody D. Genson as its legal counsel.

The firm will advise the Debtor of its duties under the Bankruptcy
Code and will provide other legal services related to its Chapter
11 case.  

The firm will charge an hourly fee of $415 and received an initial
retainer of $5,283.  

In a court filing, Melody Genson, Esq., disclosed that she is
"disinterested" as defined in Section 1301(14) of the Bankruptcy
Code.

The firm maintains an office at:

     Melody Genson, Esq.
     Law Offices of Melody D. Genson
     2750 Ringling Blvd., Suite 3
     Sarasota, FL 34237
     Phone: (941) 365-5870
     Fax: (941) 365-5872

                 About Dan's Mobile V Twin Service

Dan's Mobile V Twin Service, LLC filed a Chapter 11 bankruptcy
petition (Bankr. M.D. Fla. Case No. 20-00255) on Jan. 14, 2020.  At
the time of the filing, the Debtor had estimated assets of between
$100,001 and $500,000 and liabilities of between $500,001 and $1
million.  The Debtor is represented by the Law Offices of Melody D.
Genson.


DBMP LLC: Files Voluntary Chapter 11 Bankruptcy Petition
--------------------------------------------------------
DBMP LLC, an affiliate of CertainTeed LLC, based in North Carolina
that holds the legacy asbestos liabilities of the former
CertainTeed Corporation, on Jan. 23, 2020, disclosed that it has
filed a voluntary petition for Chapter 11 relief in the U.S.
Bankruptcy Court for the Western District of North Carolina in
Charlotte in an effort to equitably and permanently resolve all of
its current and future asbestos claims.  Chapter 11 is a special
legal process under U.S. law, which can take 3 to 8 years to run
its course, that immediately stays all litigation thus allowing the
filing company the time and protection to negotiate in a single
forum an agreement approved by claimants and by the court.

DBMP LLC intends to seek court authority to establish a trust under
Section 524(g) of the U.S. Bankruptcy Code to ensure that all
individuals with current and future asbestos claims are treated
fairly and equitably.  Section 524(g) is a specific provision of
the U.S. Bankruptcy Code that is applicable to companies that have
been subject to and would continue to face substantial numbers of
asbestos-related claims: dozens of companies -- including a number
of the most prominent defendants
-- have used this process to resolve their asbestos liabilities.

DBMP LLC is the parent company of another North Carolina entity,
which operates manufacturing plants that are unaffected by the
filing and will continue as usual with no impact on employees,
customers and suppliers.  All other affiliates of the Saint-Gobain
Group in the U.S. are not part of the Chapter 11 filing and will
continue to operate in normal course.

This bankruptcy filing is intended to enable DBMP LLC to achieve a
certain, final and equitable resolution of all current and future
claims arising from asbestos-containing products manufactured or
sold by the former CertainTeed Corporation.  While DBMP LLC pursues
such a resolution through the bankruptcy process, all asbestos
litigation will be stayed and all related costs suspended.

The establishment of a trust to pay all current and future asbestos
claims is consistent with the values of DBMP LLC, and before it,
the former CertainTeed Corporation, which have responsibly managed
their asbestos-related issues.  The trust will benefit both the
claimants and DBMP LLC.  Current and future plaintiffs with
meritorious claims will be able to receive faster payment of their
claims without the delay, stress and uncertainty of litigation in
the tort system.  At the same time, the creation and funding of
such a trust will permanently resolve DBMP LLC's asbestos
liabilities, eliminating cash flow volatility caused by the
litigation.

DBMP LLC is taking this action at this time as a result of the
increasing risks presented in the tort system.  Despite the aging
of the population and lessening opportunity for claimants to assert
legitimate claims of exposure to CertainTeed Corporation
asbestos-containing products, naming practices in the tort system
continue to result in a steady volume of claims against DBMP LLC,
with no foreseeable end in sight.  Moreover, in general, settlement
demands and verdicts in the tort system are escalating.

At Saint-Gobain Group level, the stay of litigation will result in
all legal costs and indemnity payments related to DBMP LLC's
numerous asbestos claims being suspended, and no more annual
charges in relation to such claims (estimated at EUR88 million in
2019).  Other than this effect on cash flow and annual charges, the
impact of [Thurs]day's decision of DBMP LLC is not expected to
materially affect Saint-Gobain's overall financial situation
(including its current provisions), profitability, and cash
generation profile.  As of January 23, 2019, DBMP LLC and its
subsidiary will no longer be consolidated with the Group and, as a
result, their operating income (estimated at EUR12 million, on a
full year basis) will no longer be included in the Group's
operating income.

History of Asbestos Products and Litigation

DBMP LLC's asbestos liabilities relate primarily to various
products manufactured and/or sold by CertainTeed Corporation, which
last manufactured products containing asbestos in 1992.  At the
time of the bankruptcy filing, DBMP LLC had more than 60,000
claims, more than 32,000 of which are in active litigation.

Additional information regarding DBMP LLC and the section 524(g)
process is available by sending an email to
DBMPInfo@saint-gobain.com.  Court filings and information about
DBMP's bankruptcy case are available by calling or emailing DBMP's
claims and noticing agent, Epiq, at (at 866-977-0765 (US Parties);
503-924-5411 (non-US Parties); and dbmp@epiqglobal.com.  The case
website address from Epiq is also https://dm.epiq11.com/dbmp.

                       About Saint-Gobain

Saint-Gobain designs, manufactures and distributes materials and
solutions which are key ingredients in the wellbeing of each of us
and the future of all.  They can be found everywhere in our living
places and our daily life: in buildings, transportation,
infrastructure and in many industrial applications.  They provide
comfort, performance and safety while addressing the challenges of
sustainable construction, resource efficiency and climate change.


DELTA MATERIALS: Hires Tarpon Blue as Real Estate Broker
--------------------------------------------------------
Delta Materials, LLC, filed an amended application with the U.S.
Bankruptcy Court for the Southern District of Florida seeking
approval to hire Tarpon Blue Real Estate Services, LLC, as broker
to the Debtor.

Delta Materials requires Tarpon Blue to market and sell the real
property owned by the Debtor located at 9025–9775 Church Road,
Felda, Hendry County, Florida 33935 (the "Property"). The Property
is an approximately 640-acre tract with rock and sand reserves that
can be operated as a quarry.  The Debtor believes that the
Property, together with personal property related thereto, may be
sold for the benefit of creditors.

Tarpon Blue will be paid on the on the following terms:

   -- The Property shall be offered at a sales price of $14.5
million and additional terms that are acceptable to the Debtor.

   -- Subject to conditions precedent, the Firm shall be paid a
sales commission of 5% of the gross sales price of the Property,
plus $500.

   -- The Firm's commission is earned upon (1) an interest in the
property being transferred, (2) the Debtor refusing or failing to
sign a purchase offer at the price and terms stated in the
Agreement, defaulting on an executed sales contract, or agreeing
with a buyer to cancel an executed sales contract, or (3) if,
within 30 days after the Termination Date, the Debtor transfers or
contracts to transfer any interest in the Property to any prospects
with whom the Debtor, the Firm or any real estate licensee
communicated regarding the Property before the Termination Date.

   -- The Firm may offer 2.5% of the purchase price to a broker for
a potential buyer of the property.

Troy McDonald, a partner at Tarpon Blue Real Estate Services,
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.

Tarpon Blue can be reached at:

     Troy McDonald
     TARPON BLUE REAL ESTATE SERVICES, LLC
     6381 Tidewater Island Cir.
     Fort Myers, FL 33908
     Tel: (239) 294-2474

                     About Delta Materials

Delta Materials, LLC and its affiliate Delta Aggregate, LLC (Bankr.
S.D. Fla. Lead Case No. 19-13191) filed voluntary petitions seeking
relief under Chapter 11 of the Bankruptcy Code on March 12, 2019.
Delta Aggregate owns a property located at 9025 Church Rd, Felda,
Florida, having an appraised value of $22 million.

The Debtors' counsel is Bradley S. Shraiberg, Esq., at Shraiberg
Landau & Page, PA, in Boca Raton, Florida.

At the time of filing, Delta Materials's assets totaled $22,006,491
and liabilities totaled $10,377,363; and Delta Aggregate had total
assets of $22,006,491 and total liabilities of $10,377,363.

The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
Delta Materials.


DEMERARA HOLDINGS: Unsecureds, If Any, to Get Full Payment
----------------------------------------------------------
Demerara Holdings Inc., a single asset case, filed a reorganization
plan that prooses to pay claims in full.

Class 1 Priority Claims will receive cash on the effective date of
the Plan equal to the allowed amount of the claim.

Class 2 Secured Claims are to be treated as follows:

  (A) The claim of Ponce Bank f/k/a Ponce De Leon Federal Bank (POC
#7) will receive payment of $50,000 towards the arrears claimed in
the Proof of Claim filed on November 26, 2019 with the balance of
the arrears to be paid in 60 equal monthly installments each in the
amount of $519.55.

  (B) The claim of Todd Baslin will receive no payments as a result
of this Plan.

  (C) The New York City Water Board (POC #4) will receive payment
in full upon confirmation of the Plan.

As to Class 3 General Unsecured Claims, there are no general
unsecured claims of entities that are not tenants of the Debtor.
Therefore, there is no provision for payment.  However, should a
late filed general unsecured claim be filed, then any such claims
shall be paid in full within 90 days of confirmation.

Payments and distributions under the Plan will be funded by $30,000
from the president of Debtor, Marcanthony W. Atwell, from the
$30,000 to be paid to Debtor by Todd Baslin for the purchase of a
10% interest in Debtor's property and the ongoing rent receipts
from Debtor's property.

A full-text copy of the Disclosure Statement dated Jan. 10, 2020,
is available at https://tinyurl.com/tkgro5l from PacerMonitor.com
at no charge.

Attorney for Chapter 11 Debtor:

     MARK E. COHEN
     108-18 Queens Boulevard
     4th Floor, Suite 3
     Forest Hills, New York 11375
     Telephone: (718) 258-1500 x210

                     About Demerara Holdings

Demerara Holdings Incorporated, a single asset case, owns a
mixed-use building located at 765 Utica Avenue, Brooklyn, New York
11203.

Demerara Holdings sought Chapter 11 protection (Bankr. E.D.N.Y.
Case No. 19-44681) on July 31, 2019.  In the petition signed by
Marcanthony W. Atwell, president, the Debtor estimated assets and
liabilities between $500,000 to $1 million.  Mark E. Cohen, Esq.,
is the Debtor's counsel.


DEMLOW PRODUCTS: Has Until April 6 to File Plan & Disclosures
-------------------------------------------------------------
On Jan. 6, 2020, the U.S. Bankruptcy Court for the Eastern District
of Michigan, Southern Division (Detroit), conducted an initial
status conference to review the schedules and statement of
financial affairs of Debtor Demlow Products, Inc. On January 7,
2020, the Court established the following dates and deadlines:

  * Feb. 6, 2020, is the deadline for the debtor to file motions.

  * March 6, 2020, is the deadline for parties to request the
debtor to include any information in the disclosure statement.

  * April 6, 2020, is the deadline for the debtor to file a
combined plan and disclosure statement.

  * May 8, 2020, is the deadline to return ballots on the plan, as
well as to file objections to final approval of the disclosure
statement and objections to confirmation of the plan.
  
  * May 15, 2020, at 11:00 a.m. is the hearing on objections to
final approval of the disclosure statement and confirmation of the
plan.

A full-text copy of the order dated January 7, 2020, is available
at https://tinyurl.com/vl7ex6v from PacerMonitor.com  at no
charge.

                      About Demlow Products

Demlow Products, Inc. -- https://demlowproducts.com -- is an
international supplier of formed wire products. Demlow Products is
a privately held and founded in 1967.

Demlow Products sought protection under Chapter 11 of the US
Bankruptcy Code (Bankr. E.D. Mich. Case No. 19-57161) on Dec. 7,
2019. In the petition signed by James Demlow, president, the Debtor
was estimated to have $500,000 to $1 million in assets and $1
million to $10 million in liabilities. Don Darnell, Esq. at
Darnell, PLLC, represents the Debtor.


ELANCO ANIMAL: Moody's Assigns Ba1 CFR, Outlook Stable
------------------------------------------------------
Moody's Investors Service downgraded Elanco Animal Health
Incorporated's unsecured ratings to Ba2 from Baa3. At the same
time, Moody's assigned a Ba1 Corporate Family Rating and a Ba1-PD
Probability of Default Rating. Moody's also assigned Baa3 ratings
to new secured bank credit facilities and secured notes offering.
Moody's also assigned an SGL-1 Speculative Grade Liquidity Rating.
The new debt will be used to partially fund Elanco's acquisition of
Bayer AG's (Baa1 negative) animal health business for a total
purchase price of $7.6 billion. The rating actions conclude the
review for downgrade on Elanco that commenced on August 20, 2019.
The outlook is stable.

The two notch downgrade of the existing unsecured debt reflects
both the fundamental erosion in credit quality due to the
acquisition as well as the addition of the secured debt into the
capital structure, which will comprise around 70% debt at the close
of the transaction. Conversely, the Baa3 rating on the new secured
debt, one notch above the Ba1 Corporate Family Rating reflects the
loss absorption provided by the existing unsecured debt in Elanco's
pro forma capital structure. Moody's expects to withdraw the
ratings on the existing unsecured term loan once repaid with
proceeds and the unsecured revolver once terminated.

Elanco expects the acquisition of Bayer's animal health business to
close mid-2020. Moody's believes that the likelihood of a deal
closing as currently proposed is high. Underpinning this view is
that Elanco is required to take any actions necessary and
appropriate in order to obtain the needed regulatory clearance to
close the acquisition, per its Share and Asset Purchase Agreement
between Elanco and Bayer. Moody's believes Elanco's announced
divestitures to date do not materially alter the strategic and
financial rationale of the deal.

Ratings assigned to Elanco Animal Health Incorporated:

Ba1 Corporate Family Rating

Ba1-PD Probability of Default Rating

Baa3 (LGD3) senior secured term loan B and revolver

Baa3 (LGD3) senior secured notes

Speculative Grade Liquidity Rating at SGL-1

Ratings downgraded:

Senior unsecured notes to Ba2 (LGD5) from Baa3

Senior unsecured credit facilities to Ba2 (LGD5) from Baa3
(expected to be withdrawn at close)

Outlook action:

The outlook was revised to stable from Ratings Under Review

RATINGS RATIONALE

The Ba1 Corporate Family Rating for Elanco reflects Moody's
expectation for a significant increase in financial leverage to
fund the acquisition of Bayer's animal health business with
debt/EBITDA increasing to around 5x from about 3.7x for the LTM
September 30, 2019. This includes credit for a majority of the
announced $275 - $300 million of synergies that Moody's believes
are achievable within two years of the deal closing. This figure
also incorporates the loss of earnings from announced product
divestitures and adds back expected one-time costs associated with
the acquisition. It also reflects the risks associated with
integrating the Bayer business without material disruption and cost
overruns, at the same time that Elanco continues to become fully
independent since separating from Eli Lilly and Company in 2018.

The Ba1 is supported by Elanco's pro forma scale and profitability
once it fully integrates Bayer. Revenues will increase by over 50%
to nearly $5 billion, making it the second largest animal health
company globally. Once fully integrated, Elanco's profitability and
free cash flow will be significant, affording stronger deleveraging
potential in 2021 and beyond. Elanco has publicly articulated a
target of getting below 3x debt/EBITDA (as defined by Elanco) by
the end of 2022. The rating also reflects Moody's view that the
animal health industry has lower business risk than many other
healthcare sectors and has a number of tailwinds that will drive
growth over the long-term.

ESG considerations include the risk of increasing regulation to
curb the use of Elanco's antibiotic products in animal protein
production globally. Longer-term, declining meat consumption in the
US and Europe may be a headwind, but Moody's believes this will be
more than offset by growing meat consumption in emerging markets
and increasing pet ownership worldwide. In terms of governance, the
acquisition of Bayer marks a significantly more aggressive
acquisition appetite than expected when it first separated from Eli
Lilly.

The stable outlook reflects Moody's expectation that Elanco will
successfully integrate Bayer animal health and migrate both
companies onto one Enterprise Resource Planning (ERP) system with
minimal business disruptions. The stable outlook incorporates
Moody's assumption that adjusted debt/EBITDA will decline to 4.5x
within 12 to 18 months of the acquisition close, with further
deleveraging beyond.

The SGL-1 Speculative Grade Liquidity Rating reflects Moody's
expectation that free cash flow will be positive even incorporating
all one-time costs associated with its separation from Eli Lilly
and the Bayer integration. Moody's believes Elanco will have more
than $300 million in cash post-close, with access to a new fully
undrawn $750 million secured revolver that will expire in 2025.
Elanco's revolver will have financial maintenance covenants if
drawn above 35%, and Moody's expects ample cushion. In terms of
maturities, Elanco has $500 million of unsecured notes that will
mature in August 2021.

Factors that could lead to an upgrade include demonstration of
conservative financial policies, particularly with respect to M&A,
and successful integration of Bayer's animal health business. An
upgrade would also be supported by stable top-line growth and
margin expansion. Specifically, debt/EBITDA sustained below 4.0x
could lead to an upgrade.

Factors that could result in a downgrade include failure to realize
cost synergies or material disruption stemming from the integration
of Bayer. If Moody's expects debt/EBITDA to be sustained above
4.5x, the ratings could be downgraded. Materially higher asset
divestitures than already announced to close the deal could also
lead to a downgrade.

Headquartered in Greenfield, Indiana, Elanco Animal Health Inc. is
a global manufacturer of animal health products. The company
develops, manufactures and markets products for a variety of
companion and food animals. Elanco standalone revenues are
approximately $3.1 billion.

The principal methodology used in these ratings was Global
Manufacturing Companies published in June 2017.


ELK PETROLEUM: Exclusivity Period Extended Until March 17
---------------------------------------------------------
Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware extended Elk Petroleum Inc.'s exclusive
periods to file a Chapter 11 plan and to solicit acceptances for
the plan to March 17 and May 16, respectively.

Elk Petroleum and its key constituents needed more time to develop
consensual terms for a liquidating plan at minimal cost and
capitalize on the company's progress to date in the pursuit of
successful liquidation of its remaining assets, according to court
filings.

                        About Elk Petroleum

Elk Petroleum Inc. -- https://www.elkpet.com/ -- is an oil and gas
company specializing in enhanced oil recovery (EOR).

Elk Petroleum and its affiliates sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11157) on
May 22, 2019.  At the time of the filing, Elk Petroleum estimated
assets of between $1 million and $10 million and liabilities of
less than $50,000.  The petition was signed by Scott M.
Pinsonnault, chief restructuring officer.

The Debtors tapped Norton Rose Fulbright US LLP and Womble Bond
Dickinson (US) LLP as legal counsel; Ankura Consulting Group, LLC,
as restructuring advisor; Seaport Global Securities LLC as
investment banker; Opportune LLP as valuation analysis provider;
and Bankruptcy Management Solutions, Inc., as claims and noticing
agent.

Andrew Vara, acting U.S. trustee for Region 3, appointed a
committee of preferred equity security holders on June 19, 2019.
The equity committee tapped Morris, Nichols, Arsht & Tunnell LLP as
its legal counsel, and Teneo Capital Llc as its financial advisor
and investment banker.

No official committee of unsecured creditors has been appointed in
the Debtors' cases.


EVENTIDE CREDIT: Case Summary & 12 Unsecured Creditors
------------------------------------------------------
Debtor: Eventide Credit Acquisitions, LLC
        1920 McKinney Ave, 7th Floor
        Dallas, TX 75201

Chapter 11 Petition Date: January 28, 2020

Court: United States Bankruptcy Court
       Northern District of Texas

Case No.: 20-40349

Debtor's Counsel: Bernard R. Given, II, Esq.
                  LOEB & LOEB LLP
                  10100 Santa Monica Blvd., Suite 2200
                  Los Angeles, CA 90067
                  Tel: 310-282-2000
                  E-mail: bgiven@loeb.com

Estimated Assets: $50 million to $100 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Drew McManigle, manager.

A copy of the petition is available for free at PacerMonitor.com
at:

                       https://is.gd/W4dIFS

List of Debtor's 12 Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Armstrong Teasdale                Professional       $2,000,000
Attn: Richard Scheff, Esq.             Services
1500 Market Street
12th Floor, East Tower
Philadelphia, PA 19102
Email: rlscheff@armstrongteasdale.com

2. Pax ADR, LLC                        Account              $1,500
2101 L Street, N.W., Suite 800         Payable
Washington, DC 20037
Email: baugher@paxadr.com

3. Lac Vieux Desert Band of          Litigation            Unknown
Lake Superior Chippewa Indians
Karrie S. Wichtman,
General Counsel
N4698US 45
P.O. Box 249
Watersmeet, Michigan 49969

4. Tribal Economic                   Litigation            Unknown
Development Holdings, LLC
Karrie S. Wichtman,
General Counsel
N4698 US 45
P.O. Box 249
Watersmeet, MI 49969

5. Big Picture Loans, LLC            Litigation            Unknown
E23970 Pow Wow Trail
Watersmeet, MI 49969

6. Ascension Technologies, LLC       Litigation            Unknown
E23970 Pow Wow Trail
Watersmeet, MI 4996

7. James Dowd                        Litigation            Unknown
2014 Calle Las Violetas
San Juan, PR 00915-3537

8. Simon Liang                       Litigation            Unknown
119 Gascony Dr.
Greenville, SC 29609-6048

9. Brian McFadden                    Litigation            Unknown
3133 Indian Pont Road
Saugatuck, MI 49453

10. Renee Galloway and               Litigation            Unknown
all plaintiffs
c/o Leonard Anthony Bennett
Consumer Litigation Associates
763 J Clyde Morris Boulevard
Suite 1A
Newport News, VA 23601
Email: lenbennett@clalegal.com

11. Richard L. Smith, Jr. and        Litigation            Unknown
all plaintiffs
c/o Michael A. Caddell, Esq.
Caddell & Chapman
628 East 9th StreetHouston TX 77007
Email: mac@caddellchapman.com

12. Dana Duggan and all plaintiffs   Litigation            Unknown
c/o Michael A. Caddell, Esq.
Caddell & Chapman
628 East 9th Street
Houston TX 77007
Email: mac@caddellchapman.com


FRANKLIN CAMBRIDGE: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Franklin Cambridge Operations, LLC
           DBA The Cambridge House
           DBA Cambridge House
        250 Belle Brook Road
        Bristol, TN 37620

Business Description: Franklin Cambridge Operations, LLC is a
                      Medicare and Medicaid provider operating a
                      skilled nursing facility in Bristol,
                      Tennessee, doing business as The Cambridge
                      House.

Chapter 11 Petition Date: January 27, 2020

Court: United States Bankruptcy Court
       Eastern District of Tennessee

Case No.: 20-10327

Judge: Hon. Nicholas W. Whittenburg

Debtor's Counsel: David J. Fulton, Esq.
                  SCARBOROUGH & FULTON
                  620 Lindsay Street
                  Suite 240
                  Chattanooga, TN 37403
                  Tel: (423) 648-1880
                  E-mail: DJF@sflegal.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Doug Mittleider, president of managing
member.

A copy of the petition is available for free at PacerMonitor.com
at:

                      https://is.gd/VPGNql


FRED'S INC: Elise Frejka Named Consumer Privacy Ombudsman
---------------------------------------------------------
At the direction of the Court, Andrew R. Vara, the United States
Trustee for Region 3, has appointed a consumer privacy ombudsman
for Fred's Inc., pursuant to 332 of the Bankruptcy Code.

The U.S. Trustee appointed as CPO:

      Elise S. Frejka
      Frejka PLLC,  
      420 Lexington Avenue, Suite
      310, New York, NY 10170
      Telephone: (212) 641-0848
      E-mail: efrejka@frejka.com

Sec. 332(b) and (c) of the Bankruptcy Code provide that

  (b) the consumer privacy ombudsman may appear and be heard at
such hearing and shall provide to the court information to assist
the court in its consideration of the facts, circumstances, and
conditions of the proposed sale or lease of personally identifiable
information under section 363(b) Such information may include
presentation of the following:

    (1) the debtor's privacy policy;
    (2) the potential losses or gains of privacy to consumers if
such sale or such lease is approved by the court;
    (3) the potential costs or benefits to consumers if such sale
or such lease is approved by the court; and
    (4) The potential alternatives that would mitigate potential
privacy losses or potential costs to consumers.

  (c) A consumer privacy ombudsman shall not disclose any PII
personally identifiable information obtained by the ombudsman under
this title.

A full-text copy of CPO Appointment is available at
https://tinyurl.com/rzozeav from PacerMonitor.com at no charge. 

                         About Fred's Inc.

Since 1947, Fred's, Inc. (NASDAQ:FRED) -- http://www.fredsinc.com/
-- has been an integral part of the communities it serves
throughout the southeastern United States. Fred's mission is to
make it easy AND exciting to save money. Its unique discount value
store format offers customers a full range of value-priced
everyday
items, along with terrific deals on closeout merchandise throughout
the store.

Fred's, Inc., and its subsidiaries sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 19-11984) on Sept. 9, 2019 in
Delaware.  In the petitions signed by Joseph M. Anto, CEO, the
Debtors disclosed $474,774,000 in assets and $380,167,000 in
liabilities as of May 4, 2019.

The Hon. Christopher S. Sontchi oversees the cases.

The Debtors tapped Morris, Nichols, Arsht & Tunnell LLP as counsel;
Kasowitz Benson Torres LLP as general bankruptcy counsel; Akin Gump
Strauss Hauer & Feld LLP as special counsel; Epiq Bankruptcy
Solutions LLC as claims and noticing agent; and Berkeley Research
Group, LLC, as financial advisor.


G & A LABEL: Seeks to Hire Miranda & Maldonado as Legal Counsel
---------------------------------------------------------------
G & A Label, Inc. seeks approval from the U.S. Bankruptcy Court for
the Western District of Texas to hire Miranda & Maldonado, P.C. as
its legal counsel.

The Debtor requires Miranda & Maldonado to provide these services:

     a) advise the Debtor of its powers and duties in the continued
operation and management of its business;

     b) attend the initial debtor conference and meeting of
creditors;

     c) prepare legal papers necessary in furtherance of its
reorganization;

     d) review pre-bankruptcy executory contracts and unexpired
leases and determine which should be assumed or rejected; and

     e) assist the Debtor in the preparation of a disclosure
statement and the negotiation of a plan of reorganization, and
seek confirmation of the plan.

Miranda & Maldonado will be paid at these hourly rates:

       Carlos A. Miranda III, Esq.           $300
       Carlos G. Maldonado, Esq              $250
       Legal Assistant & Law Clerks          $125

The firm received a pre-bankruptcy retainer in the amount of
$10,000.  

Carlos Miranda, Esq., at Miranda & Maldonado, assures the court
that the firm does not represent any interest adverse to the Debtor
and its bankruptcy estate.

The Firm can be reached at:

     Carlos A. Miranda III, Esq.
     Miranda & Maldonado, P.C.
     5915 Silver Springs, Bldg. 7
     El Paso, TX 79912
     Tel: (915) 587-5000
     Fax: (915) 587-5001
     Email: cmiranda@mirandafirm.com

                      About G & A Label Inc.

G & A Label, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 19-32013) on Dec. 4,
2019.  At the time of the filing, the Debtor had estimated assets
of between $100,001 and $500,000 and liabilities of between
$500,001 and $1 million.  Judge Christopher H. Mott. oversees the
case.  Carlos A. Miranda, III, Esq., at Miranda & Maldonado, P.C.,
is the Debtor's bankruptcy counsel.           


GAMBOA BROTHERS: To Seek Plan Approval Feb. 13
----------------------------------------------
Judge Karen K. Specie has ordered that the disclosure statement in
support of the Chapter 11 Plan by Gamboa Brothers Inc. is
conditionally approved.

A hearing to consider confirmation of the Plan will be held at 110
E. Park Avenue, 2nd Floor Courtroom, Tallahassee, FL 32301 on Feb.
13, 2020 at 11:00 a.m., Eastern Time.

Feb. 6, 2020, is fixed as the last day for filing and serving
written objections to the Disclosure Statement, and is fixed as the
last day for filing acceptances or rejections of the Plan.

Objections to confirmation will be filed and served seven days
before Feb. 13, 2020.

                   About Gamboa Brothers Inc.

Gamboa Brothers Inc. filed a Chapter 7 voluntary petition on May
29, 2019 (Bankr. N.D. Fla. Case No. 19-40295) on May 29, 2019.  The
case was converted to one under Chapter 11 on June 24, 2019.  The
case is assigned to Judge Karen K. Specie.  The Debtor is
represented by Bruner Wright, P.A.


GARDNER DENVER: Moody's Alters Outlook on Ba2 CFR to Positive
-------------------------------------------------------------
Moody's Investors Service changed the ratings outlook for Gardner
Denver, Inc. to positive, from stable. Concurrently, Moody's
affirmed Gardner Denver's corporate family rating and probability
of default rating at Ba2 and Ba2-PD, respectively. Moody's also
assigned Ba2 ratings to the company's new $1.9 billion term loan
that will be issued under the name Ingersoll-Rand Services Company,
as well as the company's proposed amended and extended term loans.
Moody's affirmed the existing Ba2 ratings for the company's
revolving credit facility and senior secured bank debt. The
company's speculative grade liquidity rating remains SGL-1.

The ratings outlook change reflects Moody's view that the pending
combination with Ingersoll-Rand's industrial business will result
in a stronger business profile with an enhanced competitive
position in the company's industrial and energy end-markets.
Moody's expects a corresponding strengthening of the company's
financial risk profile over time, as evidenced by ensuing
improvement in key financial metrics, with leverage
(Moody's-adjusted debt-to-EBITDA) remaining below 3.0x and EBITDA
margins improving from the initially dilutive 20% range
post-closing of the transaction. In addition, the positive outlook
presumes that the companies will be seamlessly integrated and that
targeted synergies will be realized.

The assigned Ba2 term loan ratings, in line with the company's Ba2
CFR, reflect that the first-lien bank debt comprises the
preponderance of the company's debt capitalization. The term loans
benefit from upstream guarantees from substantially all of the
company's US subsidiaries and a pledge of 66% of the stock of
non-US subsidiaries.

"Given the substantial equity consideration in the proposed
transaction and EBITDA contribution from Ingersoll-Rand's
industrial business, the transaction is essentially leverage
neutral on a pro forma basis and we believe that Gardner Denver's
credit profile can withstand a moderating top-line growth
environment given its strong free cash flow generating capability,"
said Gigi Adamo, Moody's Vice President.

"Further," Adamo added, "the combination with Ingersoll-Rand's
industrial segment further diversifies and enhances the company's
scale, doubling its revenue base and solidifying already entrenched
market positions and brand strength in the mission critical flow
control, pump, compressor and industrial technologies markets it
serves."

Moody's took the following rating actions on Gardner Denver, Inc.:

Assignments:

Issuer: Gardner Denver, Inc.

Senior Secured Bank Credit Facility, Assigned Ba2 (LGD3)

Issuer: Ingersoll-Rand Services Company:

Senior Secured Bank Credit Facility, Assigned Ba2 (LGD3)

Affirmations:

Issuer: Gardner Denver, Inc.

Corporate Family Rating, Affirmed Ba2

Probability of Default Rating, Affirmed Ba2-PD

Senior Secured Bank Credit Facility, Affirmed Ba2 (LGD3)

Outlook Actions:

Issuer: Gardner Denver, Inc.

Outlook, Changed To Positive From Stable

Issuer: Ingersoll-Rand Services Company:

Outlook, assigned Positive

RATINGS RATIONALE

Gardner Denver's Ba2 CFR broadly reflects its well-established
position and brand strength in mission critical engineered products
across its three core end-markets; the breadth and depth of its
sales base following a more than two-fold increase in size pro
forma for the Ingersoll-Rand industrial segment combination;
healthy operating margins; and good free cash flow generation. In
addition, the company is expected to continue to possess a very
good liquidity profile.

At the same time, the Ba2 CFR also considers that the combined
entity will be operating in a softening global macroeconomic
environment with continued top line pressure from the upstream
energy business. The company's strong EBITDA margins are
anticipated to remain relatively resilient to these mounting market
pressures, nonetheless.

The ratings also recognize the integration risk related to the
acquisition given the sizable nature of the same. Although cost
synergies are projected to be meaningful (approximately $250
million over three years, per company estimates), associated
upfront costs are expected to be even more sizable (approximately
$350 million to achieve the targeted synergies, and approximately
$100 million for associated separation and integration costs, per
company management).

From a corporate governance perspective, Moody's notes that the
company has prudently allocated its cash flow towards meaningful
debt reduction since its May 2017 IPO, and that acquisitions have
contributed to EBITDA growth in support of a more manageable level
of share repurchases. In addition, financial sponsor KKR's
ownership is expected to drop to approximately 17% following
completion of the merger, implicitly further reducing event risk,
notwithstanding KKR's maintenance of considerable board
representation via its chairman.

The ratings could be upgraded if debt-to-EBITDA improves to the
mid-2x level, EBITA-to-interest continues to exceed 5.0x, and free
cash flow-to-debt exceeds 15% -- all on a sustained basis. A
normalized governance structure with a diverse group of
shareholders that balances debt and equity holder interests would
also be considered appropriate for prospectively higher ratings. In
addition, a ratings upgrade is predicated on Moody's expectation
that Gardner Denver will not engage in debt-financed share
repurchases and/or dividends over the next twelve to eighteen
months.

The ratings could be downgraded if revenue and earnings deteriorate
such that EBITDA margins fall below 20%, debt-to-EBITDA exceeds
4.0x, EBITA-to-interest coverage weakens to below 4.5x -- with
expected sustainment at those levels -- or liquidity meaningfully
erodes. More aggressive financial policies including debt-financed
share repurchases (whether for KKR's remaining stake or in the open
market) and/or the introduction of a meaningful recurring dividend
or sizable debt-funded acquisitions could also lead to a
downgrade.

The principal methodology used in these ratings was Global
Manufacturing Companies published in June 2017.

Headquartered in Milwaukee, Wisconsin, Gardner Denver, Inc. is a
publicly-traded global manufacturer of compressors, pumps, and
blowers used in general industrial, energy, medical and other
markets. KKR owns approximately 35% of the company's common shares.
For the last twelve months ended September 30, 2019, the company
generated revenues of approximately $2.6 billion. Pro forma for the
planned combination with Ingersoll-Rand's Industrial segment,
revenues exceed $6 billion.


GARDNER DENVER: S&P Affirms 'BB+' ICR on Ingersoll-Rand Merger
--------------------------------------------------------------
S&P Global Ratings affirmed the 'BB+' issuer credit rating on
Gardner Denver Inc. in light of the company's upcoming merger with
Ingersoll-Rand Services Company's industrial unit.

Gardner Denver plans to issue a $1.9 billion term loan B due in
2027 to fund the cash payments related to the merger and will
change its name to Ingersoll-Rand following the closing of the
merger.

Meanwhile, S&P assigned a 'BB+' rating and '3' recovery on the $928
million term loan B due 2027 as well as the company's euro
denominated term loan B due 2027.  It also assigned a 'BB+' rating
and '3' recovery on the company's new $1.9 billion term loan B due
2027.

The affirmation and stable outlook reflect S&P's view that the
improvement in the company's scale and scope, as well as the
reduction in cyclical revenues from its oil and gas business, will
help offset the temporary increase in debt leverage and some
inherent integration risks associated with a transaction of this
scale. S&P believes the combined company should be able to generate
strong free cash flow and rapidly deleverage toward the rating
agency's longer-term expectations of 2x-3x debt to EBITDA.

Over the next 12 months, S&P expects the company to work to
smoothly integrate the Ingersoll-Rand business. It believes that
the company will continue to experience some headwinds in its
upstream energy business, as well as global weakness in
industrials, somewhat mitigated by its strengthened competitive
position from a greater scale and diversification of end markets.
While S&P believes that leverage will remain elevated above 3x in
2020, the rating agency expects the company to reduce debt leverage
to below the mid-2x range by 2021.

"We could downgrade Gardner Denver if the company were to increase
debt leverage beyond 3x and we felt it was likely to remain at this
level. We believe that this could happen if the company's end
markets were to deteriorate significantly beyond our expectations,
if the company were to run into significant integration issues, or
if it were to pursue significant debt-funded acquisitions or
shareholder returns beyond our current expectations," S&P said.

"An upgrade would be contingent upon the company maintaining a
conservative financial profile and deleveraging to the 2x-3x range
(S&P Global Ratings' adjusted debt to EBITDA) following successful
integration of the merger. We would need to believe that the
company would maintain leverage in that range over the longer time
horizon. Furthermore, to contemplate an upgrade to investment
grade, we would need to see the company articulate a more
definitive financial policy," the rating agency said.


GIGAMON INC: S&P Lowers First-Lien Debt Rating To 'B-'
------------------------------------------------------
S&P Global Ratings lowered its issue-level rating on Gigamon Inc.'s
first-lien term loan and revolving credit facility (RCF) to 'B-'
from 'B' and revised its recovery rating on the facilities to '3'
from '2'. The '3' recovery rating indicates S&P's expectation for
meaningful (50%-70%; rounded estimate: 55%) recovery in the event
of a payment default.

S&P lowered its issue-level rating to reflect the company's
proposed $150 million fungible incremental first-lien term loan,
which it plans to use to fully repay its existing second-lien term
loan. The rating agency views this as a leverage-neutral
transaction that has no material impact on its base-case scenario
for Gigamon. However, the company's increased amount of first-lien
debt and lack of a second-lien debt cushion in a hypothetical
default scenario led S&P to revise its recovery expectations for
the first-lien debtholders.

"We will review the final terms of the transaction when it is
completed. If the final terms differ significantly from our
assumptions, we may revise our issue-level and recovery ratings on
the first-lien term loan and RCF. We plan to withdraw our existing
ratings on Gigamon's second-lien term loan after it has been
repaid," S&P said.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- S&P rates the upsized $542 million first-lien term loan and
existing $50 million RCF 'B-' with a '3' recovery rating. The '3'
recovery rating indicates S&P's expectation for meaningful
(50%-70%; rounded estimate: 55%) recovery in the event of a payment
default.

-- S&P's hypothetical default scenario envisages protracted
revenue declines or EBITDA margin contraction due to intensified
competition or significant customer attrition stemming from a
failure to meet evolving market needs.

-- S&P values the company as a going concern because of its
extensive customer relationships and good brand in the network
monitoring equipment industry.

Simulated default assumptions

-- Year of default: 2022
-- Emergence EBITDA after recovery adjustments: About $59 million
-- EBITDA multiple: 6.0x

Simplified waterfall

-- Gross enterprise value: About $356 million

-- Net enterprise value (after 5% administrative costs): About
$338 million

-- Valuation split (obligors/nonobligors): 76.5%/23.5%

-- Collateral value available for first-lien claims: About $338
million

-- First-lien debt claims*: About $593 million

-- Recovery expectations**: 50%-70% (rounded estimate: 55%)

*All debt amounts include six months of prepetition interest. RCF
is assumed to be 85% drawn at default.
**Rounded down to the nearest 5%.


GNC HOLDINGS: Appoints Two New Directors to Fill Board Vacancies
----------------------------------------------------------------
Pursuant to terms of that certain Stockholders Agreement,
originally entered into by GNC Holdings, Inc. as of Nov. 7, 2018,
the Company's Board of Directors, upon designation by Harbin
Pharmaceutical Group Co., Ltd., a company incorporated in the
People's Republic of China, and based on the recommendation of the
Board's Nominating and Corporate Governance Committee, appointed
each of Rachel Lau and Alan Wan to the Board, effective Jan. 22,
2020.  The Board had previously adopted resolutions to increase the
size of the Board to eleven members, and Ms. Lau and Mr. Wan have
been appointed to fill the two previously resulting vacancies.

Since 2017, Ms. Lau has served as co-founder and managing partner
of RHL Ventures, a South East Asia Venture Capital firm.  Prior to
her service at RHL Ventures, Ms. Lau served as vice
president/assistant portfolio manager at Heitman Investment
Management, an affiliated investment manager of Old Mutual with
US$38 billion in assets under management.  Ms. Lau holds an
Executive Education degree from The London School of Economic and
Political Science, a Master of Law from the University of Sydney,
and a Bachelor of Commerce degree from the Australian National
University.

Since 2014, Mr. Wan has served as founder and chairman of the PINS
Capital Group, which is comprised of private equity, trustee,
family office, and credit lending services.  Mr. Wan is also
founder and chairman of the SPROUT Foundation, which focuses on
assisting underprivileged children in Asia.  Mr. Wan holds a
Bachelor of Science and Masters of Science degree in Electrical and
Computer Engineering from Carnegie Mellon University.

The Company also entered into an Indemnification Agreement and
Confidentiality Agreement with each of Ms. Lau and Mr. Wan, in a
form substantially similar to those entered into with existing
members of the Board.  The Indemnification Agreement provides for
indemnification and advancement of litigation and other expenses to
Ms. Lau and Mr. Wan to the fullest extent permitted by law for
claims relating to their respective service to the Company or its
subsidiaries.  

The Board has determined that each of Ms. Lau and Mr. Wan meet the
Designee Qualifications set forth in the Stockholders Agreement.

                      About GNC Holdings

GNC Holdings, Inc., headquartered in Pittsburgh, PA, is a global
health and wellness brand with a diversified, multi-channel
business.  The Company's assortment of performance and nutritional
supplements, vitamins, herbs and greens, health and beauty, food
and drink and other general merchandise features innovative
private-label products as well as nationally recognized third-party
brands, many of which are exclusive to GNC.  The Company serves
consumers worldwide through company-owned retail locations,
domestic and international franchise activities, and e-commerce.
As of Sept. 30, 2019, GNC had approximately 7,800 locations, of
which approximately 5,700 retail locations are in the United States
(including approximately 1,900 Rite Aid licensed
store-within-a-store locations) and the remainder are locations in
approximately 50 countries.

GNC Holdings reported net income of $69.78 million for the year
ended Dec. 31, 2018, compared to a net loss of $150.26 million for
the year ended Dec. 31, 2017.  As of Sept. 30, 2019, the Company
had $1.68 billion in total assets, $1.64 billion in total
liabilities, $211.39 million in convertible preferred stock, and a
total stockholders' deficit of $175.66 million.

                           *    *    *

As reported by the TCR on Nov. 15, 2018, S&P Global Ratings
affirmed its 'CCC+' issuer credit rating on Pittsburgh-based
vitamin and supplement retailer GNC Holdings Inc. and removed all
of its ratings on the company from CreditWatch, where S&P placed
them with negative implications on Feb. 14, 2018.  "The affirmation
reflects our belief that GNC's capital structure remains
unsustainable over the long term in light of its current operating
performance, including its cash flow generation, because of
increased competitive threats amid the ongoing secular changes in
the retail industry," S&P said.


GREENPOINT TACTICAL: Seeks to Extend Exclusivity Period to May 31
-----------------------------------------------------------------
Greenpoint Tactical Income Fund LLC and GP Rare Earth Trading
Account LLC asked the U.S. Bankruptcy Court for the Eastern
District of Wisconsin to extend the exclusive periods during which
only the companies can file a Chapter 11 plan of reorganization and
solicit acceptances for the plan to May 31 and July 30,
respectively.

Despite the companies' efforts to move toward their Chapter 11
plans throughout the pendency of their cases, the sales around
which the plans are expected to be constructed and sought to be
approved have not yet been consummated.  

In addition, the Securities and Exchange Commission's motion to
appoint a bankruptcy trustee remains outstanding. Recently, the
court set a briefing schedule for the companies to file a motion in
limine to narrow the issues that need to be tried in connection
with SEC's motion, and scheduled a hearing on the motion in limine
for Feb. 13.

The companies also await the passage of the bar dates, which are
not due to occur until Feb. 6 for a more precise determination of
the allowed claims against the companies.

               About Greenpoint Tactical Income Fund

Greenpoint Tactical Income Fund LLC is a private investment fund
headquartered in Madison, Wis.  GP Rare Earth Trading Account LLC
is a wholly-owned subsidiary of Greenpoint Tactical Income Fund.

Greenpoint Tactical Income Fund and GP Rare Earth sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Wis. Lead Case
No. 19-29613) on Oct. 4, 2019.  At the time of filing, the Debtors
each had estimated assets of between $100 million and $500 million
and liabilities of between $10 million and $50 million.

Judge G. Michael Halfenger oversees the cases.

The Debtors tapped Michael P. Richman, Esq., at Steinhilber Swanson
LLP, as their legal counsel; and MorrisAnderson & Associates Ltd.
as their accountant and financial advisor.

The Office of the U.S. Trustee appointed a committee of equity
security holders in Greenpoint Tactical Income Fund's bankruptcy
case on Dec. 5, 2019.


HILL TOP: CRO Says PCO Appointment Not Necessary
------------------------------------------------
David Carter, the proposed Chief Restructuring Officer for Hill Top
Real Estate, LLC, tells the U.S. Bankruptcy Court for the Eastern
District of California in Sacramento that appointment of an
ombudsman will not be beneficial in the Debtor's case.

Mr. Carter's declaration was in response to the Bankruptcy Court's
order directing the Debtor to show cause why the Court should not
order the appointment of a patient care ombudsman.

The Court docket and file in the Debtor's case indicate that the
Debtor is a health care business.  The Bankruptcy Code requires
that, not later than 30 days after the commencement of the case, a
patient care ombudsman must be appointed unless the Court finds
that the appointment is not necessary for the protection of the
patients under the specific facts of the case.

Mr. Carter says he has been working for the past eight months as a
consultant for Elevation Physicians, and part of his duties
involved assisting with the development of the so-called V5 Medical
Campus.

Mr. Carter explains that the Debtor owns real property located at
1050 Iron Point Road, Folsom, California, which ultimately will
house six different inter-related medical practices:

     a. An existing Family Practice and Sports Medicine group,
which is operated by Dr. Hill, the Manager of the Debtor;

     b. An Emergent Care practice that can provide medical care and
advance diagnostic testing throughout the day and evening—without
the wait or expense of an emergency room;

     c. An existing movement and cognition lab that provides
state-of-the-art metabolic, strength and agility testing to help
prevent and manage disease;

     d. An existing full-service pharmacy;

     e. A full-service imaging center that will feature
state-of-the-art MRI, X-ray, ultrasound, low radiation CT and DEXA
scans and integrated IT equipment;

     f. An on-site blood lab that will offer full-spectrum analysis
and results of tests while the patient waits.

The Debtor plans to house all six of these practices at its real
property called the "V5 Medical Campus."  The Debtor's concept is
to house the six inter-related medical practices at the Property,
which will enable the provision of testing and scanning services to
patients at a fraction of the cost for such services at a
full-service hospital. The vision for the V5 Medical Campus is to
design and develop the Debtor's Property so that patients can
obtain multiple necessary and life-saving services in one visit.

The Debtor itself had, and in the future will have no patients and
no medical records. The medical practices will provide all patient
treatment. Additionally, there is nor will there be any overnight
housing for patients of any of the medical practices at the
Property.

According to Mr. Carter, the reason "Health Care" company
designation for the Debtor appeared appropriate is the Debtor's key
role in developing the V5 Medical Campus, and particularly the
crucial role of the ownership of the State-of-Art Scanning and
Medical IT Equipment.

He says the Debtor is essentially a landlord of the Property plus
the owner of more than $3,400,000 of State-of-Art Scanning and IT
Equipment that will be leased or sold to a radiology group and/or
other practices.

A full-text copy of Mr. Carter's declaration is available at
https://tinyurl.com/seffl2f from PacerMonitor.com at no charge.

                 About Hill Top Real Estate
   
Based in Folsom, California, Hill Top Real Estate, LLC is a
privately held company that owns and operates an outpatient care
center.  It filed for Chapter 11 bankruptcy (Bankr. E.D. Calif.,
Case No. 19-27845) on December 20, 2019.  The Hon. Fredrick E.
Clement presides over the case.  Lawyers at Felderstein Fitzgerald
Willoughby Pascuzzi & Rios, LLP, serve as counsel to the Debtor.
In its petition, the Debtor estimated $10 million to $50 million in
both assets and liabilities.  The petition was signed by Jeffrey
Von Hill, DO PA, the Debtor's manager.


INLAND FAMILY: Court Approves Disclosure Statement
--------------------------------------------------
Judge Katharine M. Samson has ordered that the Disclosure Statement
filed by INLAND FAMILY PRACTICE CENTER, LLC, is approved.

A hearing to consider confirmation of the Plan will be held on Feb.
27, 2020, at 1:30 p.m., in the William M. Colmer Federal Building,
Courtroom 1, 701 Main Street, Hattiesburg, Mississippi.

Feb. 20, 2020 is fixed as the last day for filing written
objections to confirmation of the Plan.

Feb. 20, 2020 is fixed as the last day for submitting ballots of
acceptance or rejection of the Plan with the attorney for the
Debtor.

                 About Inland Family Practice Center

Inland Family Practice Center, LLC --
http://www.inlandfamilypractice.com/-- is a privately-owned family
practice clinic serving Hattiesburg and South Eastern Mississippi.
Established in 2008, the company has a state of the art facility
in
Hattiesburg.  

Inland Family Practice Center filed a Chapter 11 bankruptcy
petition (Bankr. S.D. Miss. Case No. 19-50020) on Jan. 3, 2019.  In
the petition signed by Ikechukwu Okorie, sole member, the Debtor
was estimated to have up to $50,000 in assets and $1 million to $10
million in liabilities.  The Debtor tapped Sheehan Law Firm, PLLC,
as its legal counsel, and Mitchell Day Law Firm, PLLC, as its
special counsel.


INTERRA INNOVATION: Hires CRS Capstone as Investment Banker
-----------------------------------------------------------
inTerra Innovation, Inc., seeks authority from the U.S. Bankruptcy
Court for the District of Massachusetts to employ CRS Capstone
Partners, LLC, as investment banker to the Debtor.

inTerra Innovation requires CRS Capstone to:

   a. formulate a strategy for a liquidity transaction and
      capital raise;

   b. provide documentation and presentations for use in the
      transaction process;

   c. identify and evaluate a refined targeted list of capital
      providers and acquirers of the Debtor's business ("M&A
      Parties");

   d. initiate contact and arrange introductions with capital
      providers and M&A Parties;

   e. conduct telephonic or in-person meetings with such persons;

   f. coordinate the receipt and comparison of any offers or
      proposals forthcoming from capital providers and M&A
      Parties;

   g. assess and analyze transaction structures and related terms
      and conditions; and

   h. negotiate and consummate definitive agreements, including
      where appropriate, responding to the Debtor's reasonable
      requests for assistance in coordinating the due diligence
      and transaction closing processes.

CRS Capstone will be paid as follows:

   -- Monthly Fee: In consideration of the services to be
      performed by Capstone, the Debtor has agreed to pay
      Capstone a monthly retainer fee of $20,000 (the "Monthly
      Fee"), payable in arrears on the first of each month.

   -- Transaction Fee: Capstone shall be due a fee contingent on
      the successful completion of an Transaction (the
      "Transaction Fee"), which fee shall be earned and payable
      at the closing of any Transaction, if, as, and when the
      Debtor is paid, and shall be equal to the greater of
      $250,000 or 4.5% of the "Aggregate Transaction Value".

   -- Credit Against Transaction Fee: 50% of all Monthly Fees
      actually received by Capstone shall be credited against any
      Transaction Fee above the $250,000 Minimum Transaction Fee
      payable to Capstone.

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

Brian L. Davies, Managing Director and Head of Financial Advisory
Services, of CRS Capstone Partners, LLC, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estates.

CRS Capstone can be reached at:

     Brian L. Davies
     CRS Capstone Partners, LLC
     176 Federal St., 3rd Flr.
     Boston, MA 02110
     Tel: (617) 619-3300

                   About inTerra Innovation

InTerra Innovation, Inc. -- http://www.interra-innovation.com/--
is a specialty construction materials company focused on providing
innovative solutions for the design, manufacture, delivery and
installation of products for the construction industry throughout
the United States.  It offers mobile mixing, specialty grouting,
thermal grouting, lightweight cellular concrete, and concrete and
specialty pumping.

InTerra sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Mass. Case No. 19-13469) on Oct. 11, 2019.  In the
petition signed by Frederick P. Hooper, president, the Debtor was
estimated to have assets ranging between $1 million to $10 million
and debts of the same range.  The Hon. Frank J. Bailey is the case
judge.  InTerra tapped Ruberto, Israel & Weiner, P.C., serves as
the Debtor's counsel.  CRS Capstone Partners, LLC, is the
investment banker.



INTERRA INNOVATION: Hires Paul E. Saperstein Co. as Auctioneer
--------------------------------------------------------------
inTerra Innovation, Inc., seeks authority from the U.S. Bankruptcy
Court for the District of Massachusetts to employ Paul E.
Saperstein Co., Inc., as auctioneer to the Debtor.

inTerra Innovation requires Paul E. Saperstein Co. to conduct a
public auction sale with respect to the Debtor's right, title and
interest some of the Debtor's assets and properties.

Paul E. Saperstein Co. will be paid a commission of 10% of the
first $100,000 realized from the sale of the Property, 4% of the
next $400,000, and 3% of the balance.

Paul E. Saperstein Co. will also be reimbursed for reasonable
out-of-pocket expenses incurred, including advertisement expenses
not to exceed $6,500, labor expense not to exceed $2,500 at the
rate of $250 per man day to segregate, lot and tag the assets to
maximize sale proceeds and to properly oversee removal of the
assets.

Michael Saperstein, executive vice president of Paul E. Saperstein
Co., Inc., assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Paul E. Saperstein Co. can be reached at:

     Michael Saperstein, Esq.
     PAUL E. SAPERSTEIN CO., INC.
     144 Centre St.
     Holbrook, MA 02343
     Tel: (617) 227-6553

                   About inTerra Innovation

InTerra Innovation, Inc. -- http://www.interra-innovation.com/--
is a specialty construction materials company focused on providing
innovative solutions for the design, manufacture, delivery and
installation of products for the construction industry throughout
the United States.  It offers mobile mixing, specialty grouting,
thermal grouting, lightweight cellular concrete, and concrete and
specialty pumping.

InTerra sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Mass. Case No. 19-13469) on Oct. 11, 2019.  In the
petition signed by Frederick P. Hooper, president, the Debtor was
estimated to have assets ranging between $1 million to $10 million
and debts of the same range.  The Hon. Frank J. Bailey is the case
judge.  InTerra tapped Ruberto, Israel & Weiner, P.C., serves as
the Debtor's counsel.  CRS Capstone Partners, LLC, is the
investment banker.


ISLAND VIEW: Trustee Taps Long & Foster as Real Estate Broker
-------------------------------------------------------------
Kevin O'Halloran, the Chapter 11 trustee for Island View Crossing
II, LP, seeks approval from the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania to hire Long and Foster Real
Estate as its real estate broker.

The Debtor owns certain real property and improvements located at
Radcliffe Street in Bristol Borough, Bucks County, Pa., which
consists of a residental real property development located on
approximately 17.5 acres.

The trustee selected Long and Foster to sell the homes being
constructed at Townhomes at Radcliffe Court on the Delaware, and
advise him as to sale policies and compliance will all applicable
laws, rules and regulations.

Long and Foster will be compensated as follows:

-- If the firm acts as exclusive broker for both the trustee and
the buyer, the firm will earn 2.25 percent commission based on the
purchase price.

  -- If a third-party broker represents the buyer, the third-party
broker will earn a .75 percent commission while Long and Foster
will earn 2.25 percent commission.

Long and Foster is a "disinterested person" as defined under
Section 101(14) of the Bankruptcy Code, according to court papers.

The firm can be reached through:

     Ralph DiGuiseppe III
     Long and Foster Real Estate
     1109 W Baltimore Pike, Suite E
     Media, PA 19063
     Phone: 610-892-8300

                   About Island View Crossing II

Island View Crossing II, L.P., Calnshire Estates, LLC and Steeple
Run, LP filed their respective Chapter 11 petitions (Bankr. E.D.
Pa. Case Nos. 17-14454, 17-14457 and 17-14458, respectively) on
June 30, 2017.

Island View, Calnshire Estates, and Steeple Run, are affiliates of
One State Street Associates which filed a voluntary petition on
June 21, 2017 (Bankr. E.D. Pa. Case No. 17-14291).  The Debtors are
managed by Renato J. Gualtieri, a real estate developer based in
Langhorne, PA.

The Debtors' individual cases have not been ordered to be jointly
administered or consolidated and thus, each Debtor has its own
separate bankruptcy estate. The Hon. Eric L. Frank presides over
these cases.

The petitions were signed by Renato J. Gualtieri, president of the
Debtors' corporate general partner.

At the time of the filing, Calnshire Estates had estimated assets
of between $10 million and $50 million and liabilities of between
$1 million and $10 million.  Island View Crossing and Steeple Run
estimated their assets and debts at $1 million to $10 million.

The Debtors tapped Smith Kane Holman, LLC as their bankruptcy
counsel, and Stradley Ronon Stevens & Young, LLP as special
litigation counsel.

On Jan. 30, 2018, the U.S. Trustee for Region 3 appointed Kevin
O'Hallaron as the Chapter 11 trustee in the case of Island View
Crossing II, L.P.  The trustee hired Karalis PC, as bankruptcy
counsel, and Newbridge Management LLC as financial advisor.


JEFFERSON HILLS: No Deficient Practices Found in 6th PCO Report
---------------------------------------------------------------
As directed by the Court, Margaret Barajas, the patient care
ombudsman, submitted a 6th 60-day report for Lawson Nursing Home,
Inc., now re-named Jefferson Hills Rehabilitation and Wellness.

Jefferson Hills Rehabilitation and Wellness offers skilled nursing
care services in Jefferson Hills, Allegheny County, Pennsylvania
under a regular license issued by the PA Department of Health. 
The home has a capacity if 50 beds are currently occupied, an
increase from the last report.

A majority of the residents report are satisfied with their
services.

Four complaint-related cases were field during the reported
period.

A full-text copy of the 6th Report is available at
https://tinyurl.com/stntqng from PacerMonitor.com at no charge.  

The PA Department of health completed an abbreviated complaint
survey on Oct. 25, 2019, but did not identify any deficent
practices related to the complaint allegations.

The PCO can be reached at:
 
      Margaret Barajas
      State Long-Term Care Ombudsman
      Pennsylvania Department of Aging
      Office of the Long-Term Care Ombudsman
      555 Walnut Street, 5th Floor
      Harrisburg, P.A. 17101
      Tel: (717) 7838975  

                   About Lawson Nursing Home

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

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

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

William G. Krieger was appointed as the Chapter 11 Trustee of
Lawson Nursing Home.  The Trustee retained Leech Tishman Fuscaldo
& Lampl, LLC, as counsel, and Gleason & Associates, P.C., as
financial advisor.


JOSEPH HEATH: $506K Sale of Alexandria Property Approved
--------------------------------------------------------
Judge Klinette H. Kindred of the U.S. Bankruptcy Court for the
Eastern District of Virginia authorized Joseph F. Heath's sale of
the real property described as Lot 63A, Holly Acres, as found among
the land records of Fairfax, Virginia, Tax Map ID 0924 12 0063A and
otherwise known as 3304 Beechcliff Drive, Alexandria, Virginia, to
James Gardner Blanks and Ashleigh Jordan Tiller for $506,000,
pursuant to their contract dated Dec. 4, 2019.

The sale is free and clear of liens.

The Debtor will pay the lien of Deutsche Bank in full from the
proceeds of the sale directly at settlement.

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

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

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

     (3) The first trust secured claim of Deutsche Bank Trust
Company Americas, as Trustee for Residential Accredit Loans, Inc.,
Mortgage Asset-Backed Pass-Through Certificates, Series 2007-081,
which will be paid in full.

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

Upon settlement, the surplus funds will be turned over to the
Debtor directly, and the Debtor will promptly prepare and file a
Report of Sale detailing the distribution of the sale proceeds as
described.

                     About Joseph F. Heath

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

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


JULIETTE FALLS: Disclosure Motion Hearing Reset to March 30
-----------------------------------------------------------
The trial regarding the motion of debtor Juliette Falls Properties,
LLC for approval of Disclosure Statement, the motion to dismiss by
Renasant Bank and the motion for Relief From Stay filed by Renasant
Bank, originally scheduled for Jan. 22, 2020, has been
rescheduled.

The hearing has been rescheduled and will be held on March 30,
2020, at 10:00 AM in 300 North Hogan Street, 4th Floor −
Courtroom 4D, Jacksonville, FL 32202.

A full-text copy of the notice dated January 7, 2020, is available
at https://tinyurl.com/rmru6cz from PacerMonitor.com  at no
charge.

                About Juliette Falls Properties

The sole asset of Juliette Falls Properties, LLC, is a residential
home located at 6898 SW 179th Avenue Road, Dunnellon, Florida. The
residential home is occupied by Louie Wise who uses the property as
his residence. The original intended purpose for the formation of
the Debtor as a Florida limited liability company was to invest in
multiple real estate properties. However, due to a downturn in the
finances of Louie Wise, that turned out to be impractical.

Juliette Falls Properties, LLC, filed a voluntary Chapter 11
petition (Bankr. M.D. Fla. Case No. 19-02937) on Aug. 1, 2019,
estimating under $1 million in both assets and liabilities. Richard
A. Perry, P.A., led by founding partner Richard A. Perry, is the
Debtor's counsel.


KATANGIAN VAIL: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Katangian Vail Avenue Property Investments, LLC
        1522 Hannaford Dr.
        Tustin, CA 92782

Business Description: Katangian Vail Avenue Property Investments
                      owns in fee simple a 50,000 sq. foot lot
                      in Montebello, California having an
                      appraised value of $3.40 million.

Chapter 11 Petition Date: January 28, 2020

Court: United States Bankruptcy Court
       Central District of California

Case No.: 20-10295

Judge: Hon. Mark S. Wallace

Debtor's Counsel: Michael R. Totaro, Esq.
                  TOTARO & SHANAHAN
                  P.O. Box 789
                  Pacific Palisades, CA 90272
                  Tel: (800) 541-2802
                  E-mail: Ocbkatty@aol.com

Total Assets: $3,400,000

Total Liabilities: $5,037,259

The petition was signed by John Katangian, managing member.

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

A copy of the petition is available for free at PacerMonitor.com
at:

                       https://is.gd/B9wPDK


KING FARMS: Unsecured Creditors to Have 10% Recovery Under Plan
---------------------------------------------------------------
Debtor King Farms filed an Amended Disclosure Statement describing
its Plan of reorganization dated January 7, 2020.

General unsecured creditors in Class 2 will receive a distribution
of 10% of their allowed claims, with an annual payment of
$12,646.29.

Payments and distributions under the Plan will be funded by the
crop proceeds.

The Debtor  believes that class 2 is impaired and that holders of
claims in the class are therefore entitled to vote to accept or
reject the Plan.  The Plan Proponent believes that classes 1 are
unimpaired with the exception of Patterson Financial Services and
that holders of claims in each of these classes, therefore, do not
have the right to vote to accept or reject the Plan.

A full-text copy of the Amended Disclosure Statement dated January
7, 2020, is available at https://tinyurl.com/qwrj4ld from
PacerMonitor.com at no charge.

                        About King Farms

King Farms provides a wide range of farming services on leased and
owned land in Gibson County Tennessee. The business is managed by
Charles King, who has been in the family farming business for
multiple decades.

King Farms sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Tenn. Case No. 19-10139) on Jan 22, 2019.  The
case has been assigned to Judge Jimmy L. Croom.  Strawn Law Firm is
the Debtor's legal counsel.


KPH CONSTRUCTION: U.S. Bancorp Objects to Disclosure Statement
--------------------------------------------------------------
U.S. Bancorp Community Development Corporation (USBCDC or Investor
Member) to the Disclosure Statement for Chapter 11 Plan of Debtors
KPH Construction, Corp. and its affiliates dated November 15,
2019.

USBCDC notes that pursuant to the Disclosure Statement, the Debtors
describe a chapter 11 plan that improperly proposes to distribute
to creditors property that belongs to a non-debtor entity, Hotel
Northland Master Tenant, LLC (the Master Tenant). USBCDC is the 99%
owner of Master Tenant.  The property rights of the Master Tenant
cannot be given away without the consent of USBCDC.  Assuming that
the tax credit rights and/or causes of action related to such tax
credits exist, such tax credit rights and/or any causes of action
to assert or monetize such rights would inure largely to the
benefit of USBCDC, the 99% owner of the Master Tenant.

USBCDC has not agreed to surrender its rights and property to the
Debtors, nor has it agreed to alter its legal or contractual rights
or duties under the Master Tenant operating agreement or
otherwise.

USBCDC asserts that ahe Disclosure Statement should not be approved
because it does not advise a hypothetical reasonable investor that
the Debtors do not own: (i) the purported tax credit rights, (ii)
any litigation associated therewith; and (iii) proceeds thereof
that are being used to fund the chapter 11 plan.

Accordingly, according to USBCDC, a reasonable investor typical of
holders of claims or interest in the Debtors' estates is not
informed that there are insurmountable challenges to the
implementation of the tax credit litigation recovery scheme
proposed by the Debtors.

A full-text copy of U.S. Bancorp's objection dated January 7, 2020,
is available at https://tinyurl.com/r6cgabs from PacerMonitor.com
at no charge.

USBCDC is represented by:

        Lindsey Greenawald
        HUSCH BLACKWELL LLP
        555 East Wells Street, Suite 1900
        Milwaukee, WI 53202-3819
        Telephone: 414.273.2100
        Facsimile: 414.223.5000
        E-mail:Lindsey.Greenawald@huschblackwell.com

                  About KPH Construction Corp.

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

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


LARRY B. WEINSTEIN: Pollak Buying Spring Valley Property for $475K
------------------------------------------------------------------
Larry B. Weinstein asks the U.S. Bankruptcy Court for the Southern
District of New York to authorize the sale of the real property
located at 120 Lake Street, Spring Valley, New York (Tax ID: Block
1, Section 57:32, Lot 11) ("Premises") to Samuel Pollak for
$475,00, pursuant to the Contract of Sale, dated Dec. 4, 2018.

The Debtor attempted to sell the Premises pre-petition, pursuant to
a contract of sale dated Dec. 4, 2018, but encountered several
liens, the most difficult of which to resolve was by the Internal
Revenue Service.  An application was made to the Internal Revenue
Service in early 2019, and after a substantial period, the Internal
Revenue Service finally consented to the sale of the property on
Oct. 19, 2019, 9 days after the Chapter 11 petition was filed
provided that they received $67,605.

The Premises is located in the Village of Spring Valley, in
Rockland County New York.  The tax rate for all properties in the
jurisdiction is high, and the area where the Premises is located
does not command significant rents.  The Premises is comprised of a
two family house built circa 1946 and a garage converted into an
apartment in 2012, all on one lot.  As a result, while the property
itself is not a burden to the Chapter 11 Estate, it is not
profitable and requires time, attention, and costly maintenance
that should be performed now, and will be required in the future.
For that reason, the Debtor attempted to sell the same.

During the course of the negotiations for the sale, the Debtor
obtained an appraisal.  The purchase price is slightly less but he
believes the purchase price to be fair and appropriate under the
circumstances, considering the location and condition of the
property.  

At the time as the negotiation of the sale, the affiant was just
recovering from substantial health, personal and financial issues.
He suffered a stroke in Oct. of 2017, followed by a heart attack in
February of 2019 and heart surgery in March of 2019.  These
debilitating conditions have exacerbated his underlying health and
recently he has had eye issues followed by eye surgery, with
another to follow in January 2020.  Because he's unable to fully
function and could not at the time of the original contract, he
requested a significant deposit/advance from the contract purchaser
which would be released in order to maintain the other properties
owned by the Debtor.

The Debtor also owns a single family residence in which he resides;
a family investment property in Spring Valley, New York; the
Florida Property owned by the Debtor and his Daughter in which
Debtors Daughter resides; an environmentally sensitive 3 acres in
Wallkill, New York; and the vacant and substantially completed
commercial properties in Spring Valley, New York.

He believes that he has substantial equity in all of these
properties which will allow him to propose a confirmable plan of
arrangement, if he's allowed to orderly rehabilitate and dispose of
the Spring Valley properties (32 Prospect Street and the Commercial
Properties).

As the instant contract reflects, a $93,000 down payment was paid
to the Debtor.  As collateral and security for that deposit, he
agreed to provide a first mortgage on the Florida Property owned by
him and his Daughter, which was free and clear, to protect the
contract purchaser in the event that he could not refund the
deposit.  It was understood that once wthey closed on the Premises,
which should have been within months, that the collateral mortgage
on the Florida Property would be released.

Recently, the County of Rockland commenced an in Rem Tax
Proceeding, the Debtor disclosed the same to the Contract Purchaser
who provided an additional $10,002 so that he could enter a Tax
payment agreement (Exhibit B) and also agreed to pay the monthly
payments.

Additionally, early in the process to sell the premises, he
retained the services of Cajigas & Fischer, Esqs., and entered into
a retainer agreement for their services (Exhibit E).  They rendered
service for the last year which benefited the sale of the property.
Cajigas & Fischer agreed to a fee of $1,500, which is fair and
reasonable in the Debtor's opinion.

The respectfully asks that his application be approved, and that he
be permitted to sell the property as soon as possible, with the
first mortgage being paid, the open real estate taxes relating to
the Premises being paid, and that the attorney who he retained long
before he even considered the filing of a Chapter 11 petition be
paid the reasonable fee agreed upon.

For all the aforesaid reasons, the Debtor respectfully asks that
the Court grants his application for an order (i) allowing him to
assume the Contract of Sale; (ii) permitting him to execute a deed
to the Property free and clear of all existing liens, if any, to
Samuel Pollak pursuant to the Contract of Sale, with all liens
remaining open to attach to the proceeds of the sale; (iii)
permitting all other expenses of the closing as set forth in
Exhibit F to be paid from the proceeds of the sale; (iv) permitting
a legal fee to Debtors Real Estate Attorney who was retained
pre-petition in the sum of $1,500; (v) allowing the Debtor the sum
of $50,000 from the proceeds of the sale in order to provide the
Debtor funds to be used to preserve the other assets of the estate;
and (vi) delivering any of the remaining proceeds of the sale to
BARR LEGAL PLLC, to be held in escrow, subject to further Order of
the Court.

A hearing on the Motion was set for Jan. 23, 2020 at 10:00 a.m.
The objection deadline was Jan. 17, 2020 at 5:00 p.m.

A copy of the Contract and the Exhibits is available at
https://tinyurl.com/tyxll42 from PacerMonitor.com free of charge.

Larry B. Weinstein sought Chapter 11 protection (Bankr. S.D. N.Y.
Case No. 19-23827) on Oct. 10, 2019.  The Debtor tapped Harvey S.
Barr, Esq., at Barr Legal, PLLC as counsel.


LAS LOMAS: Seeks to Hire Lozada Law Offices as Legal Counsel
------------------------------------------------------------
Las Lomas Construction, S.E., seeks approval from the U.S.
Bankruptcy Court for the District of Puerto Rico to hire Lozada Law
Offices as its legal counsel.
   
The firm will advise the Debtor of its powers and duties under the
Bankruptcy Code and will provide other legal services in connection
with its Chapter 11 case.

Maria Soledad Lozada, Esq., the firms attorney who will be handling
the case, charges an hourly fee of $200.  Paralegals charge $75 per
hour.  

The retainer fee is $5,000.

Ms. Lozada is "disinterested" within the meaning of Section 101(14)
of the Bankruptcy Code, according to court filings.

Lozada Law Offices can be reached through:

     Maria Soledad Lozada, Esq.
     Lozada Law Offices
     P.O. Box 9023888
     San Juan PR 00902-3888  
     Phone: (787) 533-1400  
     Email: msl@lozadalaw.com

                   About Las Lomas Construction

Las Lomas Construction, S.E., a general contractor based in Lajas,
P.R., sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D.P.R. Case No. 20-00007) on Jan. 2, 2020.  It previously
sought bankruptcy protection (Bankr. D.P.R. Case No. 11-04774) on
May 26, 2011.

At the time of the filing, the Debtor disclosed assets of between
$1 million and $10 million and liabilities of the same range.

The Debtor tapped Maria Soledad Lozada, Esq., at Lozada Law
Offices, as its legal counsel.


LICARI CUTLER: Landlord Agrees to Aug. 24 Extension for Plan Filing
-------------------------------------------------------------------
Debtor Licari Cutler, LLC, has signed a stipulation with landlord
693 Fifth Owner LLC, on an extension of the deadline of the debtor
to file a plan and a disclosure statement.  The parties agree to
extend the deadline to and including Aug. 24, 2020.

A full-text copy of the stipulation dated January 7, 2020, is
available at https://tinyurl.com/rvxtb57 from PacerMonitor.com  at
no charge.

Licari Cutler, LLC, filed a Chapter 11 petition (Bankr. S.D.N.Y.
Case No. 19-11435) on May 2, 2019.

The Debtor is represented by:

      Alla Kachan, Esq.
      Law Offices of Alla Kachan
      3099 Coney Island Avenue, 3rd Fl.
      Brooklyn, NY 11235
      Tel: (718)513-3145


LIDDLE & ROBINSON: Golenbock Eiseman's Jon Flaxer Named Trustee
---------------------------------------------------------------
William K. Harrington, the United States Trustee for Region 2, has
appointed Jonathan L. Flaxer as Trustee in the Chapter 11 case of
Liddle & Robinson, L.L.P..

The U.S. Trustee had filed a motion for conversion of Liddle and
Robinson's Chapter 11 case to a case under Chapter 7 of the
Bankruptcy Code, or in the alternative, for the appointment of a
Chapter 11 trustee.

The Court on Dec. 23, 2019, entered an order granting the U.S.
Trustee's motion, pursuant to 11 U.S.C. Sec. 1104, for the
appointment of a Chapter 11 trustee.

The Trustee will maintain a bond in an amount not less than
$4,000,000.

The Chapter 11 Trustee may retain attorneys and/or other
professionals that the Chapter 11 Trustee deems necessary to
discharge his duties, all of which retentions shall be subject to
Court approval under 11 U.S.C. Sec. 327.

The Trustee can be reached at:

       Jonathan L. Flaxer, Esq.
       Golenbock Eiseman Assor Bell & Peskoe LLP
       711 Third Avenue
       New York, NY 10017

In making his selection, the U.S. Trustee's counsel consulted with
counsel for the following parties in interest:

  a. Debtor;
  b. Secured Creditor Counsel Financial II LLC, LIG Capital LLC,
and Counsel Financial Holdings LLC; and
  c. Former Partner of Robinson & Liddle, L.L.P., Blaine Bortnick.

To the best of the U.S. Trustee's knowledge, Mr. Flaxer has no
connections with the Debtor, the Secured Creditor or other parties
in interest, as set forth in the

A full-text copy of Chapter 11 Trustee Appointment is available at
https://tinyurl.com/qtem2tk from PacerMonitor.com at no
charge.  

                   About Liddle & Robinson

Liddle & Robinson, LLP -- http://liddlerobinson.com/-- provides
legal representation primarily to individuals, but also to
financial services firms, hedge funds and other businesses in
high-stakes, cutting-edge employment, securities and commercial
litigation matters.

Liddle & Robinson, LLP sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 19-12346) on July 22,
2019.  At the time of the filing, the Debtor had estimated assets
of between $1 million and $10 million and liabilities of between
$10 million and $50 million.  The case is assigned to Judge Sean H.
Lane.


MAD DOGG ATHLETICS: March 5 Disclosure Statement Hearing Set
------------------------------------------------------------
On March 5, 2020, at 10:00 a.m., in Courtroom 1375 of the U.S.
Bankruptcy Court for the Central District of California, Los
Angeles Division, at 255 East Temple Street, Los Angeles,
California 90012, before the Honorable Julia W. Brand, United
States Bankruptcy Judge, Debtor Mad Dogg Athletics, Inc. will move
for an order approving the adequacy of its Disclosure Statement For
Debtor's Plan of Reorganization filed on Jan. 7, 2020.

Any objection to approval of the adequacy of the Disclosure
Statement, if any, must be filed with the Bankruptcy Court and
served not less than 14 days before the Disclosure Statement
Hearing.

The Debtor will cause to be filed a motion for approval of the
Disclosure Statement seeking the types of relief no later than 21
days prior to the Disclosure Statement Hearing, and the
accompanying notice will address filing deadlines for opposition
briefs.

A full-text copy of the notice dated January 7, 2020, is available
at https://tinyurl.com/w7xalkk from PacerMonitor.com at no charge.

The Debtor is represented by:

        David S. Kupetz
        Asa S. Hami
        Cathy Ta
        SulmeyerKupetz
        333 South Grand Avenue, Suite 3400
        Los Angeles, California 90071
        Telephone: 213.626.2311
        Facsimile: 213.629.4520
        E-mail: dkupetz@sulmeyerlaw.com
                ahami@sulmeyerlaw.com
                cta@sulmeyerlaw.com

                     About Mad Dogg Athletics

Mad Dogg Athletics, Inc. -- https://www.maddogg.com/ -- offers a
comprehensive portfolio of fitness equipment, programming, and
education. The company manufactures home Spinner bikes, Pilates and
functional training equipment, and a complete line of
Spinning-branded apparel and accessories. With its business founded
in 1994 in Los Angeles, California, Mad Dogg operates from its
corporate headquarters in Venice, California.

Mad Dogg Athletics sought Chapter 11 protection (Bankr. C.D. Cal.
Case No. 19-18730) on July 26, 2019. In the petition signed by CEO
John R. Baudhuin, the Debtor was estimated to have $1 million to
$10 million in assets and $10 million to $50 million in
liabilities. The case is assigned to Judge Julia W. Brand. David S.
Kupetz, Esq., at SULMEYER KUPETZ, serves as the Debtor's bankruptcy
counsel. Ardent Law Group, P.C., is special litigation counsel.


MARK ALLEN KRIEGER: Selling Approx. 118 Acres for $1.8K per Acre
----------------------------------------------------------------
Mark Allen Krieger and Jame Sue Secondino Krieger ask the U.S.
Bankruptcy Court for the Western District of Michigan to authorize
their sale of the real property commonly referred to as Parcel 33
located in Vermillion County, Indiana and more fully described in
Exhibit A, containing approximately 118 acres, to the Board of
Trustees of the International Union of Operating Engineers Local
841 Apprenticeship and Training Trust for approximately $215,000
($1,822 per acre).

The Debtors own significant real estate including in excess of
2,500 acres of cropland and pastureland in the State of Indiana and
their residence in Bridgman, Michigan.  They also own business
interests including Krieger's Wholesale Nursery, Inc. stock and
have interests in the P&S Secondino Family Limited Partnership and
Larry and Marilyn Krieger Family Limited Partnership.  Their assets
are used for and involved principally in the agricultural industry.
The cropland and the pastureland located in Indiana has been
appraised for $6.9 million.

The Debtors' principal secured creditors are BMO Harris Bank and
First Financial Bank, NA.  BMO and First Financial claim they are
owed approximately $6 million which is secured by mortgages on the
Indiana cropland and pastureland, including Parcel 33.  The
Debtors' obligations include the $5 million to $6 million debt owed
to BMO and First Financial, a debt to Edgewater Bank in the amount
of approximately $720,000 which is secured by the Debtors, Bridgman
residence with a value of approximately $1 million outstanding real
estate taxes on the Indiana cropland and pastureland of
approximately $105,000, vehicle loan of Universal Resources
Management for which Mr. Krieger is a co-maker in the amount of
approximately $40,000, and general unsecured debt of approximately
$50,000.

In addition to the real estate subject to the mortgages of BMO and
First Financial, (which the Debtors estimate has a value of $7.55
million) and the Bridgman home worth approximately $1 million, the
Debtors have interests in family limited partnerships and other
business entities.  Mrs. Krieger is a 38% partner in the P&S
Secondino Limited Family Partnership.  Mrs. Krieger has been unable
to obtain current financial information on the family limited
partnership and is taking action to recover the value ofher
interest in that limited partnership.  She believes her interest in
the partnership is worth several million dollars. There are also
the $258,000 of auction proceeds held by Lowderman which needs to
be recovered.  The Debtors will take action to recover those funds
to pay down the debt to BMO and First Financial.

The Debtors have entered into a Contract for Purchase of Real
Estate with the Purchaser for the sale and purchase of Parcel 33.
They've thoroughly investigated the value of Parcel 33 and believe
the offer of $1,822 per acre for the +/- 118 acres from the
Purchaser is fair, reasonable, and for fair market value.

The Parcel 33 is subject to the following liens and encumbrances:

     a. Mortgage recorded Dec. 30, 2009 as Document No. 20092866 in
the Office of the Recorder of Vermillion County, Indiana, made by
the Debtors to Harris, N.A.  Affidavit of Due Date of Indebtedness
Secured by a Mortgage, recorded June 28, 2012, as Instrument Number
2012001262, in the Office of the Recorder of Vermillion County,
Ind. First Modification of Mortgage recorded July 19, 2016, as
Instrument Number 2016001342, in the Office ofthe Recorder of
Vermillion County, Indiana and the terms, provisions and conditions
contained therein.

     b. Assignment of Rents made by Mark A. Krieger and Jame S.
Krieger to Harris, N.A. recorded Dec. 30, 2009 as Document No.
200902867.  First Modification of Assignment of Rents recorded July
19, 2016, as Instrument Number 2016001343, in the Office of the
Recorder of Vermillion County, Indiana and the terms, provisions
and conditions contained therein.

     c. Mortgage recorded Aug. 11, 2011 as Document No. 201 1001306
made by Mark A. Krieger and Jame S. Krieger to BMO Harris Bank, NA.
to secure a note in the originally stated principal amount of
$100,000, and to the terms and conditions thereof.  Affidavit of
Due Date of Indebtedness Secured by a Mortgage, recorded June 28,
2012, as Instrument Number 2012001263, in the Office of the
Recorder of Vermillion County, Indiana.  First Modification of
Mortgage recorded July 19, 2016, as Instrument Number 2016001345,
in the Office of the Recorder of Vermillion County, Indiana and the
terms, provisions and conditions contained therein.

     d. Assignment of Rents made by Mark A. Krieger and Jame S.
Krieger to BMO Harris Bank, NA. recorded Aug. 11, 2011 as Document
No. 201 1001308.  First Modification of Assignment of Rents
recorded July 19, 2016, as Instrument Number 2016001346, in the
Office of the Recorder of Vermillion County, Indiana and the terms,
provisions and conditions contained therein.

     e. Mortgage recorded March 24, 2015 as Document No. 2015000476
made by Mark Allen Krieger and Jame Secondino Krieger to BMO Harris
Bank, NA to secure a note in the originally stated principal amount
of $2.8 million, and to the terms and conditions thereof.  First
Modification of Mortgage recorded July 19, 2016, as Instrument
Number 2016001348, in the Office of the Recorder of Vermillion
County, Indiana and the terms, provisions and conditions contained
therein.

     f. Judgment and decree of foreclosure ofthe mortgages referred
to, rendered Dec. 12, 2017 in Cause No. 83C01-1708-MF-020, in favor
of BMO Harris Bank, NA. and against Mark A. Krieger and Jame S.
Krieger et. al., Judgment Docket, Page.  Order entered in case no.
83C0l -1708-MF-020, appointing Halderman Real Estate Services as
receiver and authorizing the receiver to manage the assets of the
defendant, and the terms and conditions contained therein.

     g. Judgment entered June 22, 2018 in favor of First Financial
Bank, NA. in Vigo County Superior Court, Cause No.
84D02-1708-MF-06029.

     h. Lien for 2017 through 2019 real estate taxes, annual fees
and special assessments.

     i. Interests of record of others in the Oil, Gas and other
Mineral in and under that may be produced from the land ("Oil, Gas
and Mineral Interests").

The sale will be free and clear of liens, claims, interests, and
encumbrances, except the Oil, Gas and Mineral Interests.  The
Debtors propose that any valid Lien will attach to the sales
proceeds attributable to Parcel 33 being sold and encumbered by
such Liens and in the same priority as such Liens.

The terms of the Agreement (Exhibit B) are:

     a. The sale price is +/- $215,000, depending upon the actual
acreage to be sold.  The actual sale price will be $1,822 per
acre.

     b. The Debtors will pay from the sale proceeds all real estate
taxes, special assessments for prior years and a pro-rated amount
for 2020 through the closing date.

     c. The Debtors will pay from the sale proceeds the premium for
an owner's title insurance policy to be issued in the name of the
Purchaser. Purchaser will be credited $1,093 for advanced fees for
title work paid by the Purchaser.

     d. The Debtors will pay from the sale proceeds closing fees,
recording fees and other customary sale expenses from the sale
proceeds.

     e. The Debtors will pay from the sale proceeds the attorneys
fees they incur connection with the sale after such attorney fees
are approved by the Bankruptcy Court.  The amount of $2,500 will be
deposited in the IOLTA trust account of the Debtors’ attorneys,
Dunn, Schouten & Snoap, P.C., until further order of the Bankruptcy
Court.

     f. A survey will be prepared and used to identify the legal
description of the +/- 118 acres to be sold.  The Purchaser will
pay the cost of the survey.

Finally, the Debtors ask that the Court waives any 14-day stay that
might be imposed under Bankruptcy Rule 6004(h) for any order
authorizing the sale of the property such that they can close the
Sale promptly after entry of the Sale Order.

A copy of the Exhibits A and B is available at
https://tinyurl.com/t2ajjvw from PacerMonitor.com free of charge.

Mark Allen Krieger and Jame Sue Secondino Krieger sought Chapter 11
protection (Bankr. W.D. Mich. Case No. 19-02148) on May 15, 2019.
The Debtors tapped Perry G. Pastula, Esq., at Dunn Schouten & Snoap
PC as counsel.


MATRA PETROLEUM: Proposes to Sell 3 Trucks for $5K Each
-------------------------------------------------------
Matra Petroleum USA, Inc., Matra Petroleum Operating, LLC, Matra
Petroleum Oil & Gas, LLC, and Matra Terra, LLC ask the U.S.
Bankruptcy Court for the Southern District of Texas to authorize
them to sell following three trucks: (i) 2014 Nissan Frontier Crew
Cab 4 X 2 (1N6BD0CT1EN717064); (ii) 2014 Nissan Frontier Double Cab
4 X 4 (1N6AD0EV4EN744933); and (iii) 2013 Ford F-150
(1FTFW1EF3DFD67781), if they receive any offer above $5,000 for
each of the vehicles.

The Debtors hold title for the Trucks.  The Trucks were heavily
used when the Debtors were operating but were running on the
Petition Date.  The vehicles have been secured at the Debtors'
Pampa yard.  Because the Debtors are not operating, the vehicles
are uninsured.   The Trucks have not and will not be driven.

Given their condition and disuse since the Petition Date, the
Debtors are unsure the exact value of the Trucks, but believe that
each of the vehicles are worth, at a minimum, $5,000.  The Debtors
hold title to the Trucks but they may be subject to ad valorem tax
liens.

Given the value of the Trucks, the Debtors are asking authority to
sell the Trucks free and clear of liens, claims, interests, and
encumbrances if they receive any offer above $5,000 for each of the
vehicles.   

The Debtors propose to market and sell the Trucks for a reasonable
price given their condition.  Authorizing them to sell the Trucks
so long as the amount offered for any individual vehicle is equal
to or greater than $5,000 gives them latitude to sell the Trucks
without the need to file separate motions to sell thereby saving
the estate unnecessary administrative costs.   

The Debtors ask permission to take all reasonable steps to market
and sell the Trucks, including, but not limited to permission to
advertise the Trucks for sale online, in print, and on social
media.  They also ask permission to pay any costs needed to market
the vehicles for sale, including, but not limited to commissions
that might be paid to car dealers (such as Carmax).   

The Debtors hold certificates of title for the Trucks and are
potentially subject to ad valorem taxes.  The Debtors request
authority to sell the Trucks free and clear of liens, claims and
encumbrances with any such liens, claim and encumbrances attaching
to the sale proceeds.   

If sold, the Debtors would only accept cash or the equivalent for
the sale.  Upon a sale, the Debtors would file an appropriate
notice of sale with the Court.  To save costs, they ask that such
notice of sale only be served on parties who receive service
through the Court's BK/ECF System.

                 About Matra Petroleum U.S.A.

Matra Petroleum USA Inc. and its subsidiaries are Houston-based
independent oil and gas companies focusing on oil and gas
production and development of oil and gas leases in Texas.

On July 31, 2019, Matra Petroleum USA and its subsidiaries sought
Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 19-34190).

Matra Petroleum USA estimated $10 million to $50 million in assets
and $50 million to $100 million in liabilities.  As of July 1,
2019, the Debtors had combined secured debt in excess of $70
million, secured by liens on substantially all of their assets,
cash and equity.

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

The Debtors tapped Hoover Slovacek LLP as legal counsel; and Macco
Restructuring Group, LLC as financial advisor; and Buckley & Boots,
LLC as valuation advisor.


MBLA LLC: Seeks to Hire ISOE Commercial as Mortgage Broker
----------------------------------------------------------
MBLA, LLC, seeks approval from the U.S. Bankruptcy Court for the
District of Connecticut to hire ISOE Commercial Capital, LLC.

The services that ISOE Commercial will provide include obtaining
and executing a commercial mortgage.  

The firm will get 1 percent of the total loan amount as
compensation.

Ian Williams, a member of ISOE Commercial, disclosed in court
filings that he and other members of the firm do not have any
connections with the Debtor.

ISOE Commercial can be reached through:

     Ian Williams
     ISOE Commercial Capital, LLC
     4133 Whitney Ave.
     Hamden, CT 06518

                          About MBLA LLC

MBLA, LLC, is a privately held company engaged in activities
related to real estate.

MBLA sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Conn. Case No. 19-31985) on Dec. 2, 2019.  At the time
of the filing, the Debtor disclosed assets of between $1 million
and $10 million and liabilities of the same range.  Judge Ann M.
Nevins oversees the case.  The Debtor is represented by The Law
Offices of Neil Crane, LLC.


MELKINNEY LLC: Unsecureds Owed $2.2M to Get $6,000 in Plan
----------------------------------------------------------
Melkinney, LLC, filed a First Amended Disclosure Statement in
support of its Chapter 11 Plan of Reorganization.  

The Plan provides:

  * Class 1B Secured Claim of AccessBank Texas. IMPAIRED. Paid in
full and amortized over 15 years at 6.75% (monthly payments of
$3,982.09). Estimated allowed claim $450,000.00. Estimated
distribution $716,777.06 (principal and interest).

  * Class 3A Administrative Convenience Claims.  Each holder will
be paid cash equal to the lesser of $100 or allowed amount of the
claim.

  * Class 3B General Unsecured Claims. IMPAIRED. Pro Rata
distribution from unsecured creditor pool.  Estimated allowed claim
$2,203,500.  Estimated distribution $6,000.

  * Class 4 Interests.  Interest holders will retain all equity
interests in the Reorganized Debtors.

The Debtor believes it will have adequate cash flow to make all
required Plan payments from operational revenue.

A full-text copy of the First Amended Disclosure Statement dated
January 10, 2020, is available at https://tinyurl.com/w6ot2vz from
PacerMonitor.com at no charge.

Attorneys for the Debtor:

     Robert T. DeMarco
     Michael S. Mitchell
     1255 W. 15th Street, 805
     Plano, TX 75075
     T 972‐578‐1400
     F 972‐346‐6791
     Email robert@demarcomitchell.com
     Email mike@demarcomitchell.com

                     About Melkinney LLC

Greenville Dough, LLC, owns a Mellow Mushroom franchise restaurant
in McKinney, Texas.  MarthaJensen (25% equity ownership), Monte
Jensen (25% equity ownership), and Luis Gonzales (50% equity
ownership) are the sole shareholders of the Debtor

On May 5, 2017, Chapter 11 petitions were filed by Greenville
Dough, LLC (Bankr. N.D. Tex. Case No. 17-31858) and affiliates
McKinney, Texas-based Melkinney, LLC (Bankr. N.D. Tex. Case No.
17-31859) and Frisco, Texas-based Quality Franchise Restaurants
(Bankr. N.D. Tex. Case No. 17-31860).  The petitions were signed
by
Monte Jensen, managing member of Greenville Dough.  The cases are
jointly administered under Case No. 17-31858.

Greenville Dough and Quality Franchise was each estimated to have
assets at between $100,000, and $500,000 and liabilities at between
$1 million and $10 million.  Melkinney, LLC, was estimated to have
assets at between $500,000 and $1 million and liabilities at
between $1 million and $10 million.

Judge Barbara J. Houser oversees the cases.

Robert Thomas DeMarco, Esq., at DeMarco-Mitchell, PLLC, serves as
the Debtors' bankruptcy counsel.


MIAMI-DADE COUNTY IDA: Moody's Cuts 2015A Industrial Bonds to Ba3
-----------------------------------------------------------------
Moody's downgraded the ratings of Miami-Dade County Industrial
Development Authority (IDA), FL Industrial Development Revenue
Bonds, Series 2015A to Ba3 from Ba1. The outlook remains negative.

RATINGS RATIONALE

The downgrade to Ba3 is based on the Project's inability to
adequately generate funds to fully service debt while covering all
expenses at relatively stable occupancy levels. Draws on the debt
service reserve fund have been averted through the deferral of
subordinated payments and the use of other available funds
including earnings on investments.

Moody's adjusted calculation of debt service coverage (DSC) for
2018 and 2019 was 0.91x and 0.93x, respectively. Despite an
academic year occupancy rate of 91% during both fiscal years 2018
and 2019, the Project's failure to produce enough coverage is
largely due to high levels of bad debt on student rental payments,
which equaled 6.4% of 2019 program revenues. While NCCD is
reporting a Fall 2020 occupancy rate of 96%, the fiscal year ending
6/30/2020 budget assumes bad debts will decline to 4% of program
revenues, and that through continued reliance on subordinated
expenses and a tap on DSR fund interest earnings the Project will
achieve a DSC ratio of 1.06x.

The Project is the only student housing available on FIUs Biscayne
Bay Campus and enjoys a favorable relationship with the University,
which plays an integral role in supporting the Project through the
referrals of students requiring housing, its inclusion in all
marketing materials for housing, payment of subordinated utilities
and the provision of security and free transportation to its main
campus located approximately 30 miles away.

RATING OUTLOOK

The outlook is negative based on its three-year operating history
and its expectation of continued weak financial operations.

FACTORS THAT COULD LEAD TO AN UPGRADE

  - Significant and sustained increase in occupancy levels along
    with improved revenue collection at higher rent levels

  - Very strong financial performance with a meaningful
    reduction in accrued liabilities related to subordinated
    expenses

  - Additional University support

FACTORS THAT COULD LEAD TO A DOWNGRADE

  - A reduction in the DSR below the required funding level

  - Further erosion in the debt service coverage ratio (DSCR)

  - Declining enrollment at the University, resulting in
    decreasing occupancy at the Project

LEGAL SECURITY

The bonds are special limited obligations of the issuer and are
secured by a leasehold mortgage, pledged revenues of the Project
and other funds held with the Trustee and do not constitute
obligations of either Florida International University or the bond
issuer. The obligations are secured by payments made under the Loan
Agreement, a leasehold deed of trust, and amounts held by the
Trustee under the Indenture

PROFILE

The Obligor and Owner, NCCD - Biscayne Properties LLC, is a single
member limited liability company organized and existing under the
laws of the State of Tennessee. The sole member of the Obligor is
National Campus Community Development Corporation, a 501(c )(3)
Texas non-profit corporation.


MOBILE ADDICTION: Exclusivity Period Extended to Feb. 13
--------------------------------------------------------
The U.S. Bankruptcy Court for the District of Kansas extended the
exclusive period for Mobile Addiction, LLC to file a Chapter 11
plan to Feb. 13 and the period to obtain confirmation of such plan
to April 13.

The company said it needs additional time to gather financial
information from VIP Management in order to formulate the
disclosures necessary to a successful plan process.

Since it filed for bankruptcy protection, Mobile Addiction has been
negotiating with creditor VIP Wireless to address its claims.  The
negotiations have resulted in the engagement of VIP Management to
manage Mobile Addiction's operations and several extensions of
Mobile Addiction's use of VIP Wireless' cash collateral.

VIP Management is required to provide Mobile Addiction the monthly
financial information needed to complete its monthly reports and to
provide creditors with adequate information as part of the plan
confirmation process.

                      About Mobile Addiction

Mobile Addiction LLC, a wholesaler of gadgets such as i-pads,
smartphones, tablets and computers, filed a Chapter 11 petition
(Bankr. D. Kan. Case No. 19-11449) on July 31, 2019.  In the
petition signed by Charles R. Thomas, owner, the Debtor estimated
$10 million to $50 million in assets and $1 million to $10 million
in liabilities.  Judge Robert E. Nugent oversees the case.  Hinkle
Law Firm LLC is the Debtor's bankruptcy counsel.

The Office of the U.S. Trustee appointed creditors to serve on the
official committee of unsecured creditors on Nov. 26, 2019.  The
committee is represented by Eron Law, P.A.


MOUNTAIN HOME: Creditor Asks to Defer Plan Hearing to March 4
-------------------------------------------------------------
Creditor Suzanne Hall Hoberecht moves the Bankruptcy Court to
vacate and continue the Confirmation Hearing on the Amended Plan of
Reorganization for Small Business of Debtor Mountain Home-Montana
Vacation Rentals, LLC, currently set for Feb. 5, 2020 until the
March 4, 2020 hearing date.

Creditor is involved in litigation in the Montana Eighteenth
Judicial District Court, Gallatin County.  A hearing on Creditor's
Motion for Partial Summary Judgment against Cartographer Holdings,
LLC, is currently scheduled for February 5, 2020, in Bozeman, MT.
Creditor desires to continue the bankruptcy hearing in order to
attend the Montana District Court hearing.

Creditor has notified counsel for Debtor, Andy Patten.  Mr. Patten
has represented that he consents to this Motion.

Suzanne Hall Hoberecht is represented by:

      MOULTON BELLINGHAM PC
      Doug James
      27 N. 27th St., Suite 1900
      P. O. Box 2559
      Billings, Montana 59103-2559
      Telephone: (406) 248-7731
      Doug.James@moultonbellingham.com

            - and -

      John M. Kauffman
      KASTING, KAUFFMAN & MERSEN, P.C.
      716 S. 20th Ave., Suite 101
      Bozeman, MT 59718
      Tel: (406) 586-4383
      E-mail: jkauffman@kkmlaw.net

            About Mountain Home-Montana Vacation Rentals

Mountain Home - Montana Vacation Rentals LLC vacation home rental
agency in Bozeman, Mont. It is the 100 percent owner of Mountain
Home Montana Vacation Rentals Inc., which has a fair market value
of $1.37 million.

Mountain Home - Montana Vacation Rentals sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Mont. Case
No.19-60900) on Sept. 5, 2019. At the time of the filing, the
Debtor disclosed $1,382,740 in assets and $1,829,435 in
liabilities.  Patten, Peterman, Bekkedahl & Green PLLC is the
Debtor's legal counsel.


MS SUPPLY: Seeks to Hire Phillip A. Reid as Accountant
------------------------------------------------------
MS Supply & Home Health Co. seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire Phillip A. Reid &
Associates, Inc. nunc pro tunc to Oct. 24, 2019.

The firm will assist in the preparation and filing of the 2019 tax
returns for the Debtor and its shareholders, Magdalena and Manuel
Santos.  

Philip Reid, the firm's accountant who will be providing the
services, charges an hourly fee of $100.

Mr. Reid does not anticipate that his invoice for preparing and
filing the tax returns will exceed $1,000.  In case it exceeds
$1,000, the Debtor will file and serve such invoice with the court,
subject to a 10-day notice provision.  In case the invoice does not
exceed $1,000 or no objection is filed to the invoice, the Debtor
will pay the accountant the amount sought without further court
order.

Mr. Reid had previously assisted the Debtor in connection with the
Internal Revenue Service's examination of its tax returns to
determine tax liability associated with its Chapter 11 case.  The
Debtor proposes to pay the accountant his outstanding balance of
$3,500 upon court approval of his employment.

The firm maintains an office at:

     Philip Reid
     Phillip A. Reid & Associates, Inc.
     14805 N. Florida Ave.
     Tampa, FL 33613

                      About MS Supply & Home

MS Supply & Home Health Co. is a Florida corporation that operates
a medical supply and home healthcare business.

MS Supply & Home Health filed a Chapter 11 petition (Bankr. M.D.
Fla. Case No. 19-08345) on Aug. 30, 2019.  In the petition signed
by Magdalena Santos, vice president, the Debtor was estimated to
have assets of no more than $50,000 and liabilities of between $1
million and $10 million as of the bankruptcy filing.  

Judge Catherine Peek Mcewen oversees the case. The Debtor's legal
counsel is Jennis Law Firm.

No committee of unsecured creditors has been appointed in the
Debtor's case.


MW HORTICULTURE: Seeks to Hire Roetzel Andress as Special Counsel
-----------------------------------------------------------------
MW Horticulture Recycling Facility, Inc. seeks authority from the
U.S. Bankruptcy Court for the Middle District of Florida to retain
Roetzel Andress, P.A.

The firm will continue to represent the Debtor in three separate
cases:

     (1) Lee County, Florida v. Minus Forty Technologies Corp.
U.S.A., et al., Case No. 19-CA-005166, which is pending before the
Circuit Court of the Twentieth Judicial Circuit in Lee County,
Fla.

     (2) State of Florida Department of Environmental Protection v.
MW Horticulture Recycling Facility, Inc. et al., Case No.
19-CA-005811, which is pending before the Circuit Court of the
Twentieth Judicial Circuit.

     (3) MW Horticulture Recycling Facility, Inc. v. Department of
Environmental Protection, Case No. 19-5636, which is an appeal of
the decision of the Florida Department of Environmental Protection
denying the Debtor licensure for its horticulture recycling
activities. The appeal is pending before the Florida Department of
Administrative Hearings.

Clayton Crevasse, Esq., a shareholder of Roetzel Andress, attests
that the firm neither holds nor represents any interest adverse to
the Debtor and its bankruptcy estate.

The firm can be reached at:

     Clayton W. Crevasse, Esq.
     Roetzel Andress, P.A.
     2320 First Street, Suite 1000
     Fort Myers, FL 33901
     Phone: 239-337-3850
     Fax: 239-337-0970
     Email: sspector@ralaw.com

             About MW Horticulture Recycling Facility

MW Horticulture Recycling Facility, Inc. is a family-owned and
operated horticulture recycling waste management company with
locations in Lee County.

MW Horticulture Recycling Facility filed a voluntary Chapter 11
petition (Bankr. M.D. Fla. Case No. 19-12193) on Dec. 31, 2019. In
the petition signed by Mark D. Houghtaling, president, the Debtor
estimated $50,000 in assets and $1 million to $10 million in
liabilities. Richard Johnston Jr., Esq., at Johnston Law, PLLC, is
the Debtor's legal counsel.


N.Y. DIMPLE: ATM's Claim Resolved with Pentagon Federal Stipulation
-------------------------------------------------------------------
Debtor N.Y. Dimple Taxi, Inc., filed a response to the objection of
All Taxi Management Inc. (ATM) to disclosure statement dated Nov.
19, 2019.

On May 12, 2014, Mr. Michael Sapoznik, as the principle, on behalf
of the Debtor, entered into a management with Merab Tanurishvili on
behalf of All Taxi Management, Inc., to lease the two medallions
for which ATM would pay to Debtor $3,300 per medallion, per month
for the period of June 14, 2018, through June 1, 2018.

On or about June 27, 2017, ATM submitted by letter of the same
date, indicating that the medallion lease payments would now be
$1,350 per medallion, per month, pursuant to the effective
management agreement. ATM clearly acknowledged that there was a
Management Agreement in affect and that pursuant to that agreement,
ATM would make lease payments to the Debtor. Since April 10, 2018,
ATM has not made any payments for the leasing of the medallions in
either amount.

Additionally, upon information and belief, all claims of All Taxi
Management were settled and resolved with stipulation of Pentagon
Federal Credit Union whereby All Taxi Management retained a portion
of leasing fees retained by All Taxi Management.

According to the Debtor, the Disclosure Statement was proposed in a
good faith and the approval of the revised Disclosure Statement is
in the best interests of the Creditors, estate and all parties in
interest.

A full-text copy of the response to ATM's objection dated January
7, 2020, is available at https://tinyurl.com/symx2n2 from
PacerMonitor.com at no charge.

The Debtor is represented by:

         Alla Kachan, Esq.
         Law Offices of Alla Kachan, P.C.
         3099 Coney Island Avenue, 3rd Floor,
         Brooklyn, New York 11235

                       About N.Y. Dimple

N.Y. Dimple Taxi, Inc. is a privately held company in the taxi and
limousine service industry. The Company owns two taxi medallions
valued at $370,000. N.Y.

Dimple Taxi previously sought bankruptcy protection on April 10,
2018 (Bankr. E.D.N.Y. Case No. 18-41989).

It filed for bankruptcy anew on Jan. 24, 2019 (Bankr. E.D.N.Y. Case
No. 19-40425). The petition was signed by Michael Sapoznik,
president. Judge Carla E. Craig presides over the case.  The Debtor
posted total assets of $370,425 and total liabilities of
$1,140,000.  The Debtor is represented by the LAW OFFICES OF ALLA
KACHAN, P.C.


NATIONAL MENTOR: Moody's Lowers Ratings on First Lien Loans to B2
-----------------------------------------------------------------
Moody's Investors Service downgraded the ratings on National MENTOR
Holdings, Inc.'s existing first lien senior secured revolving
credit facility and first-lien term loans to B2 from B1. National
Mentor's B2 Corporate Family Rating and B2-PD Probability of
Default Rating have been affirmed. The rating outlook remains
stable.

National MENTOR Holdings, Inc. is proposing to issue a new $205
million first-lien term loan which will be fungible to the existing
first-lien term loans. Proceeds will be used to repay its unrated
$200 million second-lien term loan in full.

The downgrade of the company's first-lien senior secured credit
facilities reflects the elimination of a layer of loss absorption
provided by the $200 million second-lien term loan. The first-lien
senior secured credit facilities will represent the preponderance
of the company's obligations following the proposed transaction.
The affirmation of the B2 Corporate Family Rating reflects Moody's
expectations the company's leverage will remain moderately high and
its financial policies will remain aggressive.

Following is a summary of Moody's rating actions:

National MENTOR Holdings, Inc.

Ratings downgraded:

Senior secured revolving credit facility to B2 (LGD 3) from B1 (LGD
3)

Senior secured first lien term loans to B2 (LGD 3) from B1 (LGD 3)

Ratings affirmed:

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

Outlook Actions:

The outlook remains stable

RATINGS RATIONALE

National Mentor's B2 CFR reflects the company's high business risk
given its reliance on government payors and exposure to state
budgets. Rising labor costs, moderately high geographic
concentration, and an aggressive expansion strategy that includes
both new facility openings and acquisitions also constrain the
rating. Leverage remains moderately high with debt/EBITDA expected
to remain above 5 times over the next year. However, Moody's
recognizes the company's position as one of the leading providers
of residential services to individuals with intellectual and
developmental disabilities and catastrophic injuries. Industry
trends are moving towards placing I/DD individuals in smaller,
lower-cost community settings (such as those operated by National
Mentor) instead of large state operated institutions. The current
reimbursement outlook is positive, with increase expected in
several states.

Moody's expects liquidity to remain good, given National Mentor's
$100 million in cash, meaningfully positive free cash flow and
continued access to a $125 million revolving credit facility which
Moody's expects will remain substantially undrawn.

Environmental considerations are not material to the overall credit
profile of National Mentor. Moody's believes National Mentor faces
high social risk in that it provides residential services to
individuals with intellectual and developmental disabilities as
well as those with catastrophic injuries. Failure to provide
quality care to these populations can subject National Mentor to
significant regulatory scrutiny and financial penalties. That said,
Moody's expects reimbursement rates for these services to remain
relatively stable over the next 12-18 months.

From a governance perspective, Moody's views shareholder policies
as rather aggressive. National Mentor issued an incremental $100
million first lien term loan to fund a $100 million dividend to the
private equity sponsor, Centerbridge Partners LP only about 6
months after the completion of the LBO. The dividend increased
leverage by approximately half a turn, signaling a more aggressive
financial policy.

The stable outlook reflects Moody's expectation that the company
will continue to operate with high financial leverage and remain
very reliant on government funding over the next 12-18 months.

The ratings could be downgraded if Moody's expects growing state
budgetary pressures or rising labor costs to weaken National
Mentor's operating performance. A downgrade could also result in
the event of large debt-funded acquisitions or dividends, or if
debt to EBITDA is sustained above 6.0 times.

The ratings could be upgraded if National Mentor continues to
effectively manage its growth while maintaining its position as one
of the largest providers of residential services to people who
suffer from either individual/developmental disabilities or
acquired brain and other catastrophic injuries. An upgrade could
also result if the company's debt to EBITDA is sustained below 5.0
times.

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

National MENTOR Holdings, Inc. provides residential and other
services to individuals with intellectual or developmental
disabilities, persons with acquired brain and other catastrophic
injuries, at-risk youth, and the elderly. Revenues are
approximately $1.7 billion LTM September 30, 2019. National Mentor
is owned by Centerbridge Partners LP.


NFP CORP: Moody's Rates New Secured Loan Facilities 'B2'
--------------------------------------------------------
Moody's Investors Service assigned B2 ratings to a new five-year
senior secured revolving credit facility and a new seven-year
senior secured term loan being issued by NFP Corp.. The new
facilities will refinance the company's existing $150 million
revolver and $1.8 billion term loan with somewhat higher face
amounts and longer maturities. Moody's expects to withdraw the
ratings on the existing revolver and term loan once the refinancing
closes in early February 2020. The rating outlook for NFP remains
unchanged at stable.

RATINGS RATIONALE

NFP's ratings reflect its expertise and solid market position in
insurance brokerage, particularly providing employee benefits and
property & casualty products and services to mid-sized firms. The
company also offers insurance and wealth management services to
high net worth individuals. The business is well diversified across
products, clients and regions primarily in the US. The company has
been expanding its P&C operations, primarily through acquisitions,
and the P&C business represented about 30% of consolidated revenues
for the 12 months through September 2019.

Offsetting these strengths are NFP's persistently high financial
leverage and limited interest coverage, leaving the company little
room for error in managing its existing and acquired operations.
Moody's expects NFP to drive revenue growth, particularly in its
P&C segment, through continued debt-funded acquisitions, which
heighten integration and contingent risks. The company also has
contingent earnout liabilities that consume a significant portion
of its free cash flow.

Giving effect to the proposed refinancing, NFP will have pro forma
debt-to-EBITDA around 7.5x, (EBITDA - capex) interest coverage in
the range of 1.6x-2.0x, and free-cash-flow-to-debt in the low
single digits, according to Moody's estimates. The rating agency
expects NFP to maintain financial leverage at or below 7.5x, with
earnings growth from existing and acquired operations offsetting
periodic increases in borrowings. These pro forma metrics reflect
Moody's adjustments for operating leases, contingent earnout
obligations, certain non-recurring items and run-rate EBITDA from
acquisitions.

Factors that could lead to an upgrade of NFP's ratings include: (i)
debt-to-EBITDA ratio below 6x, (ii) (EBITDA- capex) coverage of
interest exceeding 2x, (iii) free-cash-flow-to-debt ratio exceeding
5%, and (iv) successful integration of acquisitions.

Factors that could lead to a rating downgrade include: (i)
debt-to-EBITDA ratio above 7.5x, (ii) (EBITDA - capex) coverage of
interest below 1.2x, or (iii) free-cash-flow-to-debt ratio below
2%.

Moody's has assigned the following ratings (and loss given default
(LGD) assessments):

Five-year senior secured revolving credit facility at B2 (LGD3),

Seven-year senior secured term loan at B2 (LGD3).

The following ratings and LGD assessments remain unchanged:

Corporate family rating B3;

Probability of default rating B3-PD;

$305 million senior secured notes maturing in January 2024, rated
B2 (LGD3);

$650 million senior unsecured notes maturing in July 2025, rated
Caa2 (LGD5);

$250 million senior unsecured notes maturing in July 2025, rated
Caa2 (LGD5).

The rating outlook for NFP is unchanged at stable.

Moody's will withdraw NFP's existing revolver and term loan ratings
(along with LGD assessments) upon closing of the refinancing, as
these facilities will be repaid/terminated.

The principal methodology used in these ratings was Insurance
Brokers and Service Companies published in June 2018.

Based in New York City, NFP provides a range of brokerage,
consulting and advisory services, including corporate benefits,
retirement, property & casualty, individual insurance and wealth
management solutions largely in the US. The company generated
revenue of $1.4 billion for the 12 months through September 2019.


PEN INC: Engages UHY LLP as New Accounting Firm
-----------------------------------------------
The Audit Committee approved the engagement of UHY LLP as PEN
Inc.'s independent registered public accounting firm for fiscal
year ended Dec. 31, 2019.

The Company said that during its two most recent fiscal years ended
Dec. 31, 2019 and Dec. 31, 2018 and during the subsequent interim
reporting periods through Jan. 26, 2020, neither the Company nor
anyone acting on its behalf has consulted UHY LLP with respect to
(i) the application of accounting principles to a specified
transaction, either completed or proposed, or the type of audit
opinion that might be rendered on the Company's consolidated
financial statements, or (ii) any matter that was either the
subject of a disagreement (as defined in Item 304(a)(1)(iv) of
Regulation SK and the related instructions) or a reportable event
(as described in Item 304(a)(1)(v) of Regulation SK).

                        About PEN Inc.

Headquartered in Miami, Florida, PEN develops, commercializes and
markets consumer and industrial products enabled by nanotechnology
that solve everyday problems for customers in the optical,
transportation, military, sports and safety industries. The
Company's primary business is the formulation, marketing and sale
of products enabled by nanotechnology including the ULTRA CLARITY
brand eyeglass cleaner, CLARITY DEFOGIT brand defogging products
and CLARITY ULTRASEAL nanocoating products for glass and ceramics.
The Company also sells an environmentally friendly surface
protector, fortifier, and cleaner.  The Company's design center
conducts product development services for government and private
customers and develops and sells printable inks and pastes, thermal
management materials, and graphene foils and windows.  PEN was
formed in 2014, and is the successor to Applied Nanotech Holdings
Inc. that had been formed in 1989.  In the combination that created
PEN, Nanofilm, Ltd. acquired Applied Nanotech Holdings, Inc.

As of Sept. 30, 2019, the Company had $1.25 million in total
assets, $1.79 million in total liabilities, and a total
stockholders' deficit of $538,919.

The Company had a net loss of $53,135 and $687,068 for the years
ended Dec. 31, 2018 and 2017.  Additionally, the Company had a net
loss of $232,875 and $624,023 for the three and nine months ended
Sept. 30, 2019.  Furthermore, the Company had an accumulated
deficit, a stockholders' deficit and a working capital deficit of
$7,264,393, $538,919 and $737,884, respectively, at Sept. 30,
2019.

Tama, Budaj & Raab, P.C., in Farmington Hills, Michigan, the
Company's auditor since 2018, issued a "going concern"
qualification in its report dated Nov. 13, 2019, citing that the
Company has suffered recurring losses, has a stockholders' deficit
and has a working capital deficit.  These factors raise substantial
doubt about the Company's ability to continue as a going concern.


PES HOLDINGS: Feb. 6, 2020 Plan Confirmation Hearing Set
--------------------------------------------------------
On Dec. 11, 2019, the United States Bankruptcy Court for the
District of Delaware entered an order authorizing PES Holdings, LLC
and its affiliated debtors to solicit acceptances for the Joint
Chapter 11 Plan and approving the Disclosure Statement.

Feb. 6, 2020, at 9:00 a.m. prevailing Eastern Time, before the
Honorable Kevin Gross, in the United States Bankruptcy Court for
the District of Delaware, located at 824 Market Street, 6th Floor,
Courtroom Three, Wilmington, Delaware 19801 is the hearing at which
the Court will consider Confirmation of the Plan.

Feb. 3, 2020, at 5:00 p.m. is the deadline for voting on the Plan.


Feb. 3, 2020, at 4;00 p.m. is the deadline for filing objections to
the Plan.

A full-text copy of the notice dated January 7, 2020, is available
at https://tinyurl.com/uzjg2h8 from PacerMonitor.com at no charge.

The Debtors are represented by:

      Laura Davis Jones
      James E. O'Neill
      Peter J. Keane
      PACHULSKI STANG ZIEHL & JONES LLP
      919 North Market Street, 17th Floor
      P.O. Box 8705
      Wilmington, Delaware 19899-8705
      Telephone: (302) 652-4100
      Facsimile: (302) 652-4400
      E-mail: Ijones@pszj law.com
              pkeane@pszjlaw.com
              joneill@pszjlaw.com

             - and -

      Edward O. Sassower, P.C.
      Steven N. Serajeddini
      Matthew C. Fagen
      KIRKLAND & ELLIS LLP
      KIRKLAND & ELLIS INTERNATIONAL LLP
      601 Lexington Avenue
      New York, New York 10022
      Telephone: (212) 446-4800
      Facsimile: (212) 446-4900
      E-mail: edward.sassower@kirkland.com
              steven.serajeddini@kirkland.com
              matthew.fagen@kirkland.com

                       About PES Holdings

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

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

On Jan. 21, 2018, the Debtors filed petitions for relief under the
Bankruptcy Code, and emerged from bankruptcy in August the same
year.

On June 21, 2019, the Debtors suffered a historic, large-scale,
catastrophic incident involving an explosion at the alkylation unit
at their Girard Point refining facility. Following the incident,
the refinery has not been operational and will require an extensive
rebuild.

As a result of the explosion, PES Holdings, LLC, along with seven
subsidiaries, including PES Energy, returned to Chapter 11
bankruptcy (Bankr. D. Del. Lead Case No. 19-11626) on July 21,
2019.

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

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

The Company's proposed DIP financing lenders are represented by
Davis Polk & Wardwell LLP and Houlihan Lokey Capital, Inc. The
Official Committee of Unsecured Creditors formed in the case has
retained Conway MacKenzie, Inc., as financial advisor, Elliott
Greenleaf, P.C., as Delaware counsel, and Brown Rudnick LLP as
bankruptcy counsel.


PETROTEQ ENERGY: Losses Since Inception Cast Going Concern Doubt
----------------------------------------------------------------
Petroteq Energy Inc. filed its quarterly report on Form 10-Q,
disclosing a net and comprehensive loss of $3,182,671 on $100,532
of revenues for the three months ended Nov. 30, 2019, compared to a
net and comprehensive loss of $4,929,106 on $0 of revenues for the
same period in 2018.

At Nov. 30, 2019, the Company had total assets of $75,712,515,
total liabilities of $17,083,713, and $58,628,802 in total
shareholders' equity.

The Company said, "There is substantial doubt about our ability to
continue as a going concern.

"At November 30,2019, we had not yet achieved profitable
operations, had accumulated losses of ($81,467,953) since our
inception and a working capital deficit of ($10,598,709), and
expect to incur further losses in the development of our business,
all of which casts substantial doubt about our ability to continue
as a going concern.  We have incurred net losses for the past four
years.  The opinion of our independent registered accounting firm
on our audited financial statements for the years ended August 31,
2019 and 2018 draws attention to our notes to the financial
statements, which describes certain material uncertainties
regarding our ability to continue as a going concern.

"Our ability to continue as a going concern is dependent upon our
ability to generate future profitable operations and/or to obtain
the necessary financing to meet our obligations and repay our
liabilities arising from normal business operations when they come
due.  Management's plan to address our ability to continue as a
going concern includes (1) obtaining debt or equity funding from
private placement or institutional sources, (2) obtaining loans
from financial institutions, where possible, or (3) participating
in joint venture transactions with third parties.  Although
management believes that it will be able to obtain the necessary
funding to allow us to remain a going concern through the methods,
there can be no assurances that such methods will prove successful.
The accompanying financial statements do not include any
adjustments that might result from the outcome of this
uncertainty."

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

                       https://is.gd/yND2ok

Petroteq Energy Inc., through its subsidiaries, engages in the oil
sands mining and oil extraction operations in the United States.
It holds rights to mine, extract, and produce oil and associated
hydrocarbons and minerals from oil sands containing heavy oil and
bitumen under mineral leases covering approximately 2,541.76 acres
in the Asphalt Ridge area of Utah.  The company also has operating
rights under five U.S. federal oil and gas leases covering
approximately 5,960 acres situated in Uintah, Wayne, and Garfield
counties, Utah.  In addition, it is developing a blockchain-powered
supply chain management platform for the oil and gas industry. The
company was formerly known as MCW Energy Group Limited and changed
its name to Petroteq Energy Inc. in May 2017.  Petroteq Energy Inc.
is based in Sherman Oaks, California.


PRINT GROUP: Unsec. Creditors to Recover 5% in Plan
---------------------------------------------------
The Print Group, Inc., filed a Combined Plan and Disclosure
Statement.

Payments an distributions under the Plan will be funded by the
Debtor from Debtor's continued operation of Debtor's business and
generation of income from the business.

The Plan treats claims as follows:

  * Class 1 - Simmons Bank (secured and undersecured).  Aggregate
claim $2,023,843.09.

    (a) Secured Claim. On and after the Effective Date of the Plan,
the secured claim in the amount of $1,000,000 will be deemed to be
a restated principal amount to be repaid at 5% interest amortized
over a 20-year term, with payments of principal and interest to be
paid in monthly installments for 120 months with the final payment
of all obligations due on the claim on the 121st month.

    (b) Unsecured or Undersecured Claim. The unsecured or
undersecured portion of the remaining indebtedness shall be
represented by an allowed unsecured claim in the amount of
$1,023,843 and accorded the treatment of an unsecured claim in the
general unsecured class of Debtor's Chapter 11 Plan.

  * Class 2 - Balboa Capital Corporation (secured and
undersecured).  Total claim of $101,820.43.

    (a) Secured Claim. The terms of the Stipulation provide that
Debtor shall make monthly payments to Balboa for the purchase of
the collateral for an aggregate price of $65,000 payable at the
rate of 2% per annum and monthly payments in the amount of
$1,139.30 which began on Sept. 1, 2019 and monthly thereafter for
60 months.

    (b) Unsecured or Undersecured Claim. The unsecured or
undersecured portion of the remaining indebtedness shall be
represented by an allowed unsecured claim in the amount of $36,820
and accorded the treatment of an unsecured claim in the general
unsecured class of Debtor's Chapter 11 Plan.

  * Class 3 - Wells Fargo (secured and undersecured). Total claim
of $126,337.19.

    (a) Secured Claim. On and after the Effective Date of the Plan
the secured claim in the amount of $37,500 will be deemed to be a
restated principal amount to be repaid at 5% interest amortized
over a five-year term, with payments of principal and interest to
be paid in monthly installments.

    (b) Unsecured or Undersecured Claim.  The unsecured or
undersecured portion of the remaining indebtedness will be
represented by an allowed unsecured claim in the amount of $88,837
and accorded the treatment of an unsecured claim in the general
unsecured class of Debtor's Chapter 11 Plan.

  * Class 4 - Connext Financial, Ltd. (secured).  Total claim
$27,590.  On and after the Effective Date of the Plan the secured
claim in the amount of $27,590 will be deemed to be a restated
principal amount to be repaid at 5% interest amortized over a
five-year term, with payments of principal and interest to be paid
in monthly installments.

   * Class 5 - Ally Financial (secured and undersecured).  Ally
holds valid secured interest in five vehicles.  Payment to vehicles
over 18 to 30 months with interest.

   * Class 6 - Delage Lander Financial (secured and undersecured).

      (a) Secured Claim.  On and after the Effective Date of the
Plan the secured claim in the amount of $12,500 will be deemed to
be a restated principal amount to be repaid at 5% interest
amortized over a five-year term, with payments of principal and
interest to be paid in monthly installments.

      (b) Unsecured or Undersecured Claim.  The unsecured or
undersecured portion of the remaining indebtedness will be
represented by an allowed unsecured claim in the amount of $97,819
and accorded the treatment of an unsecured claim in the general
unsecured class of Debtor's Chapter 11 Plan.

  * Class 7 - BMW (secured).  BMW has filed an Amended Motion for
Relief from Stay.  The Debtor has elected to allow the stay to be
lifted to allow BMW to secure possession of the vehicle for future
disposition.

  * Class 8 - General Unsecured Non-Insider Claims.  Unsecured
creditors holding allowed claims will receive, in full satisfaction
an aggregate cash payment of 5% of their allowed claims, provided,
however the aggregate amount of all payments to be distributed to
such creditors will not exceed $100,000, in which case each allowed
claim will receive the holder's pro rata share of $100,000.
Payments to unsecured creditors will be made over a period of five
years with pro rata payments distributed quarterly.  Distributions
will be on the 15th day of the months of January, April, July, and
October, and continuing on the same day of each calendar quarter
described until all quarterly distributions are made.  The first
quarter distribution will be made on or before April 15, 2020.

  * Class 9 - Equity Interests in the Debtor.  Equity interest
holders will not receive any distribution or payment as holders of
preferred or common stock.

A full-text copy of the Combined Plan and Disclosure Statement
dated Jan. 10, 2020, is available at https://tinyurl.com/sfzcs27
from PacerMonitor.com at no charge.

Attorney for the Debtor:

     David E. Schroeder
     1524 East Primrose, Suite A
     Springfield, Missouri, 65804
     Tel: (417) 890-1000
     Fax: (417) 886-8563
     E-mail: bk1@dschroederlaw.com

                     About The Print Group

The Print Group, LLC, is a Missouri corporation formed on Dec. 13,
2002 by individual Jay Wacha, with the stock interest held by the
Jay Wacha.  The company engages in general commercial printing.

At the beginning of 2017, the company implemented an aggressive
expansion business model and secured additional debt relating to
same.  Unfortunately, sales volume did not materialize as projected
and, in addition, the company lost one of its largest accounts.
Funds for expansion were provided through loans with Simmons Bank
(formerly Liberty Bank) and the company became delinquent in debt
servicing various loans.

Print Group, Inc., sought Chapter 11 protection (Bankr. W.D. Mo.
Case No. 19-60207) on Feb. 27, 2019.  In the petition signed by Jay
Wacha, president, the Debtor disclosed total assets of $1,249,760
and total liabilities of $3,583,693.  The Hon. Cynthia A. Norton is
the case judge.  DAVID SCHROEDER LAW OFFICES, PC, is serving as
counsel to the Debtor.


PRO TECH MACHINING: Exclusivity Period Extended to March 6
----------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Pennsylvania
extended to March 6 the period during which only Pro Tech
Machining, Inc. can propose a Chapter 11 plan.

The court also set a March 6 deadline for the company to file its
bankruptcy plan and disclosure statement.

                     About Pro Tech Machining

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


PVV LLC: $3.1M Sale of Oklahoma Property to Patel Approved
----------------------------------------------------------
Judge Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas authorized PVV, LLC's sale of the real
property located in Pauls Valley, Oklahoma and more commonly known
as 2505 Grant Avenue, Pauls Valley, Oklahoma, Parcel No. (APN)
0000-12-03N-01W-0-410-00, together with the Debtor's inventory and
personal property used in its business, to Navnitkumar Patel and/or
his assignee for the total price of $3.1 million.

The sale to Kendall Combs ("Purchaser #2") is approved as a backup
buyer and in the event that the sale to the Purchaser does not
close before Jan. 29, 2020, then the Debtor is authorized to sell
the Property and Personal Property to Purchaser #2 for $3 million.

All reasonable and necessary closing costs will be paid at closing
in accordance with the terms of the Contract.

The sale is free and clear of any and all liens, claims and
encumbrances, including, but not limited to those of all taxing
authorities (save and except those that will remain affixed to the
real and personal property for 2020) provided, however, that any
valid liens will attach to the sales proceeds to the sane extent,
amount and priority as they existed in the Debtor's Property and
Personal Property prior to the bankruptcy filing.

From the proceeds of the sale, the Debtor (and/or the title company
and its employees acting as escrow agent/officer to close the
subject sale shall, upon closing of the sale:

     (a) pay usual and customary closing costs, including, but not
limited to, the premium for the owner policy of title insurance for
the insured amount equal to the purchase price (subject to any
allocations in the Contract);  

     (b) pay to the holder(s) thereof, as the case may be, any
amount necessary to satisfy the property tax liens then due against
the Property and Personal Property along with a pro rata share of
the then current year’s property taxes; plus, any additional
penalties and interest that may accrue thereon to the date of
Closing;  

     (c) pay to Prosperity the sum of $2,761,937 plus: i) a per
diem interest rate of $333 for interest after Jan. 7, 2020 through
the date of closing; and ii) attorneys' fees of Bell, Nunnally &
Martin, LP after Jan. 12, 2020 through the date of closing.  Upon
receipt of such funds, Prosperity will provide a recordable release
of its lien(s);  

     (d) pay any approved broker's fees; and

     (e) pay to the Small Business Administration, who is the
second lienholder on all real and personal property, the balance of
the sale proceeds.

Notwithstanding the foregoing, the year of closing ad valorem tax
liens will be expressly retained on the Property until the payment
by the Purchaser of the year of closing ad valorem taxes, plus any
penalties or interest which may ultimately accrue thereon, in the
ordinary course of business.

The stay provisions of Bankruptcy Rule 6004(h) will not apply to
the order and the closing may occur without a 14-day waiting
period.

The Small Business Administration, the second lienholder, has
consented to the sale by its signature to the Order.

                         About PVV LLC

PVV LLC, is a privately held company whose principal assets are
located at 2509 W. Grant Ave., Pauls Valley, Okla.

PVV LLC filed a voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tex. Case No. 19-43432) on Dec. 24,
2019.  In the petition signed by Ketan Patel, managing member, the
Debtor was estimated to have $1 million to $10 million in both
assets and liabilities. Joyce W. Lindauer, Esq., at Joyce W.
Lindauer
Attorney, PLLC, serves as the Debtor's counsel.


PYXUS INT'L: Moody's Lowers CFR to Caa2, Outlook Negative
---------------------------------------------------------
Moody's Investors Service downgraded Pyxus International, Inc's
Corporate Family Rating to Caa2 from Caa1 and its Probability of
Default Rating to Caa2-PD from Caa1-PD. Moody's also downgraded the
company's second lien notes to Ca from Caa2. At the same time
Moody's affirmed the company's ABL revolving credit facility at Ba3
and the company's first lien notes at B2. Pyxus' Speculative Grade
Liquidity Rating remains at SGL-4. The rating outlook on all
ratings is negative.

The downgrade reflects the company's weakening liquidity and
continued delay in monetizing a portion of its FIGR business
(cannabis), proceeds of which were expected to repay debt. Absent
this monetization, Moody's now expects debt/EBITDA to exceed 11
times by March 2020, making it increasingly difficult for the
company to address its upcoming large debt maturities. Moreover,
the downgrade of the second lien notes also considers the potential
for a distressed exchange to materially impact their Loss Given
Default.

Moody's downgraded the following ratings:

  - Corporate Family Rating to Caa2 from Caa1;

  - Probability of Default Rating to Caa2-PD from Caa1-PD;

  - Senior Secured Second lien notes due 2021 to Ca (LGD5)
    from Caa2 (LGD4);

Moody's affirmed the following rating:

  - Senior Secured ABL revolving credit facility due 2021
    at Ba3 (LGD2 from LGD1);

  - Senior Secured First lien notes due 2021 at B2 (LGD2);

The outlook was changed from stable to negative.

RATINGS RATIONALE

Pyxus' Caa2 CFR reflects the company's weak liquidity, challenging
operating metrics and very high financial leverage. The company
operates in a mature and low-margin leaf business that is
challenged by declining volume of cigarette sales. The rating is
further constrained by the company's heavy reliance on uncommitted
financing, access to which could be impaired as Pyxus' credit
quality weakens. The company benefits from its position as one of
two major leaf tobacco merchants, its established relationships
with key cigarette manufacturers, and its global procurement and
processing network.

The negative outlook reflects Moody's expectation that Pyxus'
liquidity will continue to weaken absent meaningful debt repayment
and refinancing of its upcoming maturities. Pyxus' large maturities
include $275 million first lien notes due April 2021 and $635
million second lien notes due July 2021. Pyxus' inability to
quickly address these maturities may negatively impact its access
to uncommitted financing, of which the company is highly reliant
throughout the year.

ESG considerations include high social risks associated with the
negative health impact of cigarettes and expansion into cannabis.
The company's financial policy reflects high governance risks given
its very aggressive financial policy.

Ratings could be downgraded if Pyxus' profitability deteriorates,
it can no longer support its capital structure, liquidity further
weakens, or if the company is not able to refinance its debt
maturities over the next six to twelve months.

Ratings could be upgraded if the company refinances its maturities,
improves liquidity and reduces its financial leverage on a
sustained basis below 8.0 times.

Pyxus, Headquartered in Morrisville, North Carolina, is a leaf
tobacco merchant. Its principal products include flue-cured, burley
and oriental tobaccos, which are major ingredients in cigarettes.
Annual revenue totaled approximate $1.8 billion for the last twelve
months ending September 2019.

The principal methodology used in these ratings was Protein and
Agriculture published in May 2019.



QUALITY REIMBURSEMENT: Dismissal or Trustee Sought by GE
--------------------------------------------------------
Alvaro Gancman and Eastpoint Corporation filed a motion asking the
Bankruptcy Court to enter an order (i) dismissing the bankruptcy
case of Quality Reimbursement Services, Inc., or in the
alternative, (ii) appointing a Chapter 11 trustee in the case.

"The BK Case was filed solely in response to the entry of a
judgment in excess of $8 million in favor of GE so that the Debtor
could pursue an appeal of the judgment without posting an appeal
bond.  Indeed, the Debtor admitted that it was not delinquent on
its obligations to any other creditors and that the Debtor could
have paid such obligations in the ordinary course of business as
they became due", GE said.

"The BK Case was filed to address what is clearly nothing more than
a two-party  dispute and to unreasonably deter and delay GE's
efforts to collection on its  Judgment.  In short, this is a
classic "bad faith" filing, which provides cause for dismissal."

In addition, GE notes that the Debtor has "purportedly" incurred a
substantial operating loss of $249,093 in the short period the BK
Case has been pending and had to seek approval of a cash infusion
of up to $500,000 to cover such loss (or other contemplated losses
which may still be coming), and without gross profit there is no
reasonable likelihood of rehabilitation.  

GE notes that:

   * The Debtor's Statement of Financial Affairs states that the
Debtor received  revenue of $12,868,840 in 2018 and $13,295,070 in
2017.  The Debtor admitted at  its Rule 2004 examination that it
received additional revenue of over $8 million  from so-called
"SSI" claims in 2018 and that it currently receives approximately
$2 million per month from "Project Elvis," which was not reflected
in the Debtor's  Statement of Financial Affairs.  

   * The Debtor admitted during its Sec. 341(a) meeting of
creditors that it made a $10  million distribution to its two
shareholders in 2017 and another $2 million distribution to its
shareholders in 2018.  The Debtor's accounting records further
show over $9 million of transfers  to  James Ravindran, the
Debtor's President, CEO, and owner who completely controls the
Debtor, over the last five years,  which  accelerated as the Debtor
received adverse legal rulings in the arbitration that led to the
judgment in favor of GE.  

Yet, the Debtor now reports suffering a six figure loss in just the
two and a half month period since commencing its BK Case.  GE
believes one possibility is Mr.  Ravindran is utilizing two other
entities that he owns and controls, and that provide similar
services and can compete with the Debtor, to divert contracts and
revenue away  from the Debtor.  In fact, one of the foregoing
entities has a name (Quality  Reimbursement Services, LLC) that is
almost identical to the Debtor's name (Quality Reimbursement
Services, Inc.) and was formed only when the Debtor started to
incur losses in litigation with GE.

GE believes that dismissal is in the best interests of creditors
and the estate given that the Debtor has admitted it can pay all
creditors other than GE in the  ordinary course and because GE
prefers dismissal.  

To the extent the Court finds cause and does not order dismissal,
GE asserts that the Court should appoint a Chapter 11 Trustee.
Based in the prepetition date financial data provided by the Debtor
and admissions by Mr. Ravindran, it appears  that the Debtor,
which has been in business for 30 years, is likely valuable as a
going concern.  

"There is no reason to believe that the Debtor's business would not
continue  to  be profitable, if it were operated honestly and
without the conflict of interest arising from Mr. Ravindran
simultaneously owning and controlling two competing  businesses
that can take the Debtor's business and revenue," GE said.    

Attorneys for Alvaro Gancman and Eastpoint Corporation:

     DAVID L. NEALE
     TODD M. ARNOLD
     LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
     10250 Constellation Boulevard, Suite 1700
     Los Angeles, California 90067
     Telephone: (310) 229-1234
     Facsimile: (310) 229-1244
     E-mail: DLN@LNBYB.COM
             TMA@LNBYB.COM

A full-text copy of Chapter 11 Trustee Appointment is available at
https://tinyurl.com/tnux8g4 from PacerMonitor.com at no
charge.  

               About Quality Reimbursement Services

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

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

Judge Julia W. Brand oversees the case.

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

The Office of the U.S. Trustee appointed creditors to serve on the
official committee of unsecured creditors on Oct. 22, 2019.  The
committee hired Buchalter, a Professional Corporation as its legal
counsel.


RAJYSAN INC: Proposed Sale of Claims to Sahani Approved
-------------------------------------------------------
Judge Deborah J. Saltzman of the US Bankruptcy Court for the
Central District of California, authorized Sandra K. McBeth, the
Chapter 11 Trustee of Rajysan, Inc., doing business as MMD
Equipment, to sell claims to Gurmeet Sahani, in accordance with the
terms of their proposed settlement agreement.

The sale to Gurmeet of the Subject Claims "as-is," with no
representations or warranties, is approved.

The Escrow Agent is Larry D. Simons, Esq., and the Estate is
authorized to pay from escrow $2,000 (50% of the Escrow Agent's
flat fee of $4,000) to the Escrow Agent and 50% of the Escrow
Agent's related costs.

The 14-day stay set forth in Rule 6004(h) of the Federal Rules of
Bankruptcy Procedure is waived.

                        About Rajysan Inc

Founded in 1984, Rajysan, Incorporated, is a wholesale distributor
of industrial machinery and equipment.  

Based at Simi Valley, California, the Debtor filed a Chapter 11
petition (Bankr. C.D. Cal. Case No. 17-11363) on July 29, 2017.
The petition was signed by Gurpreet Sahani, its president.  At the
time of filing, the Debtor was estimated to have up to $50,000 in
assets and $1 million to $10 million in liabilities.  Judge Peter
Carroll is the presiding judge.  The Debtor is represented by
Andrew Goodman, Esq., at Goodman Law Offices, APC.


RITE AID: Fitch Rates New Sec. Notes BB- & Cuts Unsec. Notes to B+
------------------------------------------------------------------
Fitch Ratings assigned a 'BB-'/'RR1' rating to Rite Aid's new
secured notes and has downgraded its existing guaranteed, unsecured
notes to 'B+'/'RR2' from 'BB-'/'RR1' based on the increased quantum
of secured debt. In addition, Fitch has affirmed Rite Aid's
remaining ratings, including its Long-Term IDR at 'B-'. Rite Aid's
new $600 million of 7.5% secured notes due 2025 will be issued in
February 2020 in exchange for a like amount of the company's
existing 6.125% guaranteed, unsecured notes due 2023. The Rating
Outlook is Stable.

Rite Aid's ratings reflect continued operational challenges, which
have heightened questions regarding the company's longer-term
market position and the sustainability of its capital structure.
Persistent EBITDA declines have led to negligible to modestly
negative FCF and elevated adjusted debt/EBITDAR in the low- to
mid-7.0x range, despite some signs of pharmacy sales stabilization
over the past year. Fitch believes that operational challenges
include both a challenged competitive position in retail and, more
recently, sector-wide gross margin contraction resulting from
reimbursement pressure.

Mitigating factors to these concerns continue to including Rite
Aid's ample liquidity of well over $1 billion, supported by a rich
asset base of pharmaceutical inventory and prescription files.
Other positives include the somewhat more stable EnvisionRx
pharmacy benefits manager (PBM) business, representing around 30%
of total EBITDA, and Rite Aid's good real estate position in local
markets, somewhat mitigated by lack of broad-based national
presence. In addition, the company has no near-term maturities,
with nothing due prior to its approximately $1.15 billion
(following the $600 million exchange) notes maturity in April
2023.

Fitch recognizes that the company is onboarding a new leadership
team, including new CEO Heyward Donigan (as of August 2019), who
has a broad healthcare background, including experience at various
insurers and businesses that helped consumers optimize healthcare
decision-making. The company has planned a March 2020 analyst day
to discuss its go-forward strategy, and Fitch expects to hear how
Rite Aid plans to use its asset base, including store network and
EnvisionRx PBM, to stabilize its operational trajectory.

KEY RATING DRIVERS

Competition Intensifying: Drug retail competition is intensifying
from current and newer players. Existing participants are exploring
partnerships and M&A to reduce costs and strengthen customer
connections. CVS Health Corp's acquisition of insurer Aetna Inc.
and Walgreens' numerous partnerships across healthcare, retail and
technology are examples of leading drug retailers exploiting their
scale to fortify share. These retailers are also increasingly
negotiating narrow and preferred networks to fortify market share.
Finally, there exists some threat of new entrants, most notably
from Amazon.com, Inc. (A+/Positive), which acquired online pharmacy
Pillpack in 2018.

Rite Aid Structurally Disadvantaged: While Rite Aid has good local
market share positions, its scale and geographic concentration
relative to Walgreens and CVS may negatively impact its ability to
compete for inclusion in pharmaceutical contracts, particularly as
these players explore preferred and narrow contracts. Following the
transfer of approximately 40% of its store base to Walgreens in
2017/2018, Rite Aid's footprint includes approximately 2,500
stores, almost half of which are in four states, compared with the
national footprints of approximately 9,900 and 9,400 for CVS and
Walgreens U.S., respectively. In addition, Rite Aid's limited FCF
generation yields reduced ability to make customer-facing
investments to drive loyalty and traffic.

Gross Margin Pressure: Reimbursement pressure on gross margin
appears to be intensifying across the retail pharmacy industry.
Structural margin pressure has been a consequence of increased
penetration of the government as a pharmaceutical payer under the
Medicare and Medicaid programs, ongoing pressure from commercial
payers and a mix shift toward the "90-day at retail" offering.
Growth in preferred/narrow networks may also be a factor, as
players sacrifice margin for network inclusion to drive volume.
This pressure was somewhat mitigated by the growth in generic
penetration over the last few years, though this has tapered off
somewhat given a lighter calendar of branded expirations.

Weakening Retail Operations: Rite Aid's pro forma EBITDA steadily
declined from approximately $850 million in 2015 to $525 million in
the TTM ending Nov. 30, 2019. Weak pharmacy trends drove overall
pro forma same store sales (SSS) to negative 2.2% in 2016 and
negative 2.9% in 2017, though SSS improved to 0.5% in 2018 as
pharmacy sales improved but front-end sales worsened. Negative SSS
and declining reimbursement rates drove EBITDA margins to
approximately 2.4% in the TTM ending Nov. 30, 2019, from the 4%
range in 2015. Fitch believes a protracted transaction process with
Walgreens, which originally proposed to acquire Rite Aid in October
2015, created uncertainty about Rite Aid's future, affecting its
strategic planning and pharmacy contract negotiations.

Relatively Stable PBM Business: Results at EnvisionRx have been
more stable than retail albeit somewhat disappointing relative to
original expectations, with around $150 million of EBITDA in the
TTM ending Nov. 30, 2019, below full-year EBITDA of around $190
million in 2016 and 2017. The 2015 acquisition of EnvisionRx
allowed Rite Aid to diversify its business and provide exposure to
the relatively faster growing specialty pharmaceuticals business
and the mail-order channel. Fitch believes this business was also
negatively impacted by the Walgreens transaction process and
expects EnvisionRx, now representing around 30% of Rite Aid's
overall EBITDA, to grow modestly beginning 2021.

EBITDA in the Low $500 Million Range: Fitch projects annualized
EBITDA in the low $500 million range beginning 2019 compared with
approximately $560 million in 2017, pro forma for store
divestitures. Revenue is expected to be steady near $22 billion on
near-flat SSS and minimal change to store count. EBITDA margins are
projected to trend in the 2.4% range, as ongoing gross margin
pressure is mitigated by proactive cost reductions.

Challenged FCF: FCF in 2017 was modestly positive at $52 million
but turned negative at nearly negative $500 million in 2018 due to
working capital and other balance sheet movements related to the
store sale to Walgreens. Fitch expects FCF beginning 2019 to be
breakeven to modestly negative, assuming around $525 million of
EBITDA, and approximately $250 million each of interest expense and
capex. Rite Aid's minimal cash flow generation limits its ability
to invest in its business and address its capital structure.

Elevated Leverage; Opportunistic Repayments: Adjusted debt/EBITDAR,
which was elevated at around 7.0x in 2016 prior to store
divestitures, could be approximately 7.3x beginning 2019 given
EBITDA declines somewhat mitigated by debt reduction with store
sale proceeds. Rite Aid's next maturity is $1.15 billion (following
the $600 million exchange) of notes due 2023, but it will need to
address this debt prior to Dec. 31, 2022; otherwise the company's
ABL revolver and FILO term loan mature on this date.

In October 2019, the company announced a below-par tender for up to
$100 million principal amount of its 2027/2028 notes and indicated
that it privately repurchased $84 million principal amount of these
notes from a seller, also below par. The company tendered for
approximately $73 million of the unguaranteed unsecured notes
maturing 2027/2028 in October and November of 2019. Fitch views
these actions as opportunistic as it is using asset sale proceeds
to proactively reduce the debt balance.

Strong Liquidity and Asset Base: Rite Aid's ample liquidity of over
$1 billion should provide flexibility to navigate through its
current operating challenges. Given the reduced store portfolio,
Rite Aid replaced its $3.7 billion revolving credit facility with a
$2.7 billion facility, adding a $450 million FILO term loan in
December 2018. Fitch expects that proceeds from the FILO term loan
were used to reduce revolver borrowings, providing Rite Aid with
additional liquidity. Rite Aid's asset value is supported by the
11.5x EBITDA multiple implied by Walgreens' original offer to buy
it in 2015 for $17.2 billion and the 16.0x multiple Walgreens paid
for 1,932 stores.

Complex Industry Fundamentals: Despite projections of continued
modest growth in pharmaceuticals revenue, the healthcare industry
remains complex given intricate relationships between critical
constituents in the industry, strategic initiatives by large
players and regulatory overlay. Rite Aid benefits from close
relationships with end customers, which Fitch believes is a
critical structural advantage for drug retailers, and some business
diversification through EnvisionRx. However, Rite Aid's challenged
operations and regional focus following its store divestiture has
weakened its competitive positioning, particularly given the rise
of preferred and narrow pharmaceutical networks.

DERIVATION SUMMARY

Rite Aid's 'B-' rating incorporates its weak position in the
relatively stable U.S. drug retail business and its high lease
adjusted leverage (capitalizing rent expense at 8x), which Fitch
forecasts at around 7.3x for 2019. The company's drug retail
business, representing approximately two-thirds of total EBITDA
following the sale of roughly 43% of stores to Walgreens Boots
Alliance, Inc. (BBB/Negative), is expected to continue losing
share, although the company's EnvisionRx PBM -- representing Rite
Aid's remaining EBITDA -- should grow modestly over time. Rite Aid
has significantly smaller scale and weaker operating metrics than
Walgreens and CVS Health Corp., which may have a negative impact on
its relative ability to compete for inclusion in pharmacy networks.
Rite Aid's cash flow is minimal to modestly negative, and its
leverage profile is significantly higher than its larger peers,
limiting its ability to invest meaningfully in its business.

Rite Aid's 'B-'rated retail peers include GNC Holdings, Inc.
(B-/Negative), whose rating considers recent market share declines,
driven by encroaching competition and excecutional missteps, which
in concert with recent financial policy decisions, have weakened
the company's leverage profile to over 6.5x on a lease-adjusted
basis for the TTM period ended Sept. 30, 2019. The Negative Outlook
reflects continued declines in comparable sales trends and material
concerns about the company's ability to refinance a projected,
approximately $500 million of term loans due March 2021.

J.C. Penney Company, Inc.'s 'CCC+' rating reflects the significant
EBITDA erosion in 2018, with EBITDA declining to approximately $560
million from $886 million in 2017. Fitch expects further EBITDA
erosion towards the mid $400 million range in 2019. EBITDA is
expected to decline further and trend in the low $400 million range
by 2021. The EBITDA forecast assumes comp declines of around 8% in
2019 and 1% comp declines thereafter. The deterioration reflects
significant execution issues, and in the near term, sales could be
hampered by Sears Holding Corp's store closing liquidation sales.
Adjusted leverage is currently projected in the mid 8x range for
2019, or over a full turn higher in comparison to Rite Aid at
around 7.3x forecasted for 2019.

KEY ASSUMPTIONS

  -- Rite Aid's EBITDA is expected to around $520 million range in
2019, compared with around $538 million and $566 million in 2018
and 2017 respectively, primarily due to gross margin contraction
from reduced reimbursement rates and efforts to re-orient the
company's product distribution operations following its sale of
stores. SSS, which was around 0.5% in 2018, is expected to be
near-flat for the full year 2019. Transition support services fees
from Walgreens are expected to total $40 million in 2019 and 2020.

  -- Fitch projects flat to slightly negative SSS beginning 2020,
assuming continued low single-digit growth in the pharmaceuticals
industry and modest share loss by Rite Aid. Retail gross margins
are expected to decline on reimbursement rate pressure, mitigated
somewhat by ongoing expense management efforts as Rite Aid adjusts
its cost structure to its smaller footprint. Retail EBITDA, which
is projected around $360 million in 2019, could, therefore, remain
near or slightly below this level over the next several years.

  -- Fitch expects EnvisionRx, which generates approximately
one-third of Rite Aid's EBITDA, to produce 2019 EBITDA around $160
million, similar to 2018. Fitch expects that barring further
business interruptions, EnvisionRx could grow topline and EBITDA in
the 3% range beginning in 2021 on net contract wins and growth in
its specialty business.

  -- Fitch expects Rite Aid's EBITDA to remain pressured near $525
million over the next several years, with revenue remaining near
$21.5 billion to $22 billion and margins close to 2.3% through
Fitch's forecast.

  -- Fitch expects FCF could be around break even to modestly
negative through 2022 on a combination of neutral working capital
and capital expenditure of $250 million annually. Adjusted leverage
is expected to trend in the 7.4x range over the next two to three
years, assuming around $525 million of ongoing EBITDA and
unadjusted debt levels around $3.4 billion. The company has
tendered for $157 million in 2027/2028 notes in 2019, which Fitch
expects will be funded by approximately $150 million in proceeds
from Walgreens for distribution center sales and cash on hand.

  -- Fitch has not currently modeled any impact on total coverage,
volume or pricing based on potential changes to the Affordable Care
Act (ACA) or other legislative activity affecting the
pharmaceutical industry.

RATING SENSITIVITIES

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

-- Sustained positive SSS leading to stabilized EBITDA in the
low-$500 million levels, which would yield modestly positive FCF,
adjusted debt/EBITDAR (capitalizing leases at 8x) around 7x and
increased confidence in the company's ability to address upcoming
maturities.

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

  -- Deteriorating sales and profitability trends that lead to
EBITDA sustained below $500 million, consistently negative FCF and
adjusted debt/EBITDAR (capitalizing leases at 8x) toward 8.0x. Rite
Aid's inability to stabilize operations would raise concerns
regarding the company's capital structure sustainability, which is
more representative of the 'CCC' category.

LIQUIDITY AND DEBT STRUCTURE

Ample Liquidity: Rite Aid had liquidity of $1.8 billion as of Nov.
30, 2019, supported by $1.5 billion in availability under the $2.7
billion ABL facility, net of letters of credit, and $289 million in
cash on hand. The company refinanced its prior credit facility with
a $2.7 billion ABL and a $450 million FILO term loan in December
2018, extending maturities to December 2023. The company's closest
debt maturity is the $1.15 billion (following the $600 million
exchange) 6.125% guaranteed unsecured notes which mature April
2023. However, the company will face a springing maturity under the
secured credit facility on December 31, 2022, if they fail to
refinance the 6.125% notes prior to this date.

On Oct. 15, 2019, Rite Aid announced a tender offer to repurchase
up to $100 million of the unguaranteed unsecured notes maturing
2027/2028. The company ultimately repurchased approximately $73
million principal amount of the unguaranteed unsecured notes in
October and November of 2019 for approximately $50 million. During
3Q 19, the company also privately repurchased $84 million principal
amount of these notes for approximately $50 million in cash. Debt
repurchases were funded with available liquidity, inclusive of an
estimated $150 million in cash proceeds from asset sales to
Walgreens.

Following the February 2020 exchange, Fitch expects Rite Aid to end
its fiscal year with $3.6 billion in debt - similar to reported 3Q
totals - including $1.1 billion in ABL borrowings, the $450 million
FILO term loan, $600 million of senior secured notes, $1.15 billion
of guaranteed unsecured notes, $266 million of unguaranteed
unsecured notes, and $33 million in finance lease obligations.
Fitch projects total adjusted debt/EBITDAR to be around 7.3x for
2019.

Rite Aid maintains solid liquidity given its valuable asset base,
despite a history of operating challenges. The value of Rite Aid's
asset base is supported by the 11.5x EBITDA multiple implied by
Walgreen's original offer to buy Rite Aid in October 2015 for $17.2
billion and the 16.0x multiple Walgreens paid for 1,932 stores.
Following the transfer Walgreens announced plans to close 600 of
these stores and transfer prescription files to nearby Walgreens
locations, further illustrating the value placed on prescription
files.

Recovery:

Rite Aid's business profile could yield a distressed enterprise
value of approximately $4.7 billion on Rite Aid's estimated $3.5
billion liquidation value on inventory, receivables, prescription
files, owned real estate and a $1.2 billion enterprise value for
EnvisionRx. Fitch notes that its approximately $7.25 value ascribed
per prescription file could prove conservative given current
transaction multiples in the low- to mid-teens. The $1.2 billion
for the healthy EnvisionRx business values the company at 7.0x
EBITDA of $170 million, slightly above the $160 million Fitch is
forecasting for EnvisionRx over the next 12 to 24 months. This is
well below the $2 billion, or 13.0x EBITDA Rite Aid paid for the
business in 2015. PBM valuations have declined over the past
several years, although Express Scripts Holding Co. (BBB/Stable)
was acquired by Cigna Corporation at an enterprise valuation of
approximately 9.0x TTM EBITDA.

The $4.7 billion in resulting liquidation value exceeds Fitch's
assessment of Rite Aid's $3.0 billion valuations as a going
concern. The going concern valuation is based upon $500 million in
distressed EBITDA, slightly below the current run rate, as Fitch
views Rite Aid's current operating trajectory as somewhat
distressed. Fitch assumes Rite Aid could generate a 6.0x EBITDA
multiple in a going-concern sale, somewhat lower than valuations
implied in the Walgreens process due to ongoing declines in the
company's operations.

The company replaced its $3.7 billion ABL facility with a new $2.7
billion ABL facility, given lower collateral levels, and
subsequently issued a $450 million FILO term loan in late December
2018. From August 31, 2019 to November 30, 2019, the company
reduced principal borrowings of the unguaranteed notes maturing
2027/2028 by $157 million through various tender offers and open
market repurchases. Additionally, on January 6, 2019, the company
announced an exchange offer for up to $600 million of the
guaranteed unsecured notes maturing 2023 in exchange for new 7.5%
secured notes maturing 2025. The new notes are secured by a second
lien on ABL collateral - which includes most working capital assets
- and a first lien on most of Rite Aid's remaining assets,
including property, plant and equipment.

Following the exchange, Rite Aid's pro forma capital structure
includes the $2.7 billion credit facility, $450 million FILO term
loan due 2023, $1.15 billion in guaranteed unsecured notes due 2023
and $266 million in nonguaranteed unsecured notes due 2027/2028.

Given a $4.7 liquidation value, the ABL, which Fitch assumes to be
80% drawn, $450 FILO term loan and $600 million in new secured
notes would be expected to have outstanding recovery prospects
(91%-100%) and are thus rated 'BB-'/'RR1'. The $1.15 billion of
remaining guaranteed unsecured notes would be expected to have
superior recovery prospects (71%-90%) and are rated 'B+'/'RR2'. The
approximately $266 million unsecured nonguaranteed notes would be
expected to have poor (0%-10%) recovery prospects and are therefore
rated 'CCC'/'RR6'.

SUMMARY OF FINANCIAL ADJUSTMENTS

Historical and projected EBITDA is adjusted to add back non-cash
stock-based compensation and exclude charges related to LIFO
adjustments, mergers & acquisitions, restructuring, and legal
settlements. For example, Fitch added back $12 million in non-cash
stock-based compensation and $84 million in other excluded charges
to its EBITDA calculation for the year ended March 2nd, 2019. Fitch
has adjusted historical and projected debt by adding 8x yearly
operating lease expense.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
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.


RITE AID: Moody's Assigns Caa1 Rating on New Sr. Sec. Notes
-----------------------------------------------------------
Moody's Investors Service assigned a Caa1 rating to Rite Aid
Corporation's new senior secured notes. All other ratings are
affirmed and the outlook remains negative. There is no change in
the company's SGL-3 speculative grade liquidity rating. The new
notes will mature 2025 and will be issued in exchange for a maximum
of $600 million of the existing unsecured notes maturing 2023.

"The exchange transaction will improve Rite Aid's debt maturity
profile but operational challenges remain", Moody's Vice President
Mickey Chadha stated. "We do not expect much improvement in credit
metrics and free cash flow in the next 12 months as the retail
pharmacy space remains under pressure while the success of new
management initiatives remains uncertain", Chadha further stated.

Assignments:

Issuer: Rite Aid Corporation

Senior Secured Regular Bond/Debenture, Assigned Caa1 (LGD4)

Affirmations:

Issuer: Rite Aid Corporation

Probability of Default Rating, Affirmed Caa1-PD

Corporate Family Rating, Affirmed Caa1

Senior Secured Bank Credit Facility, Affirmed B2 (LGD2)

Senior Secured Bank Credit Facility, Affirmed Caa1 (LGD4)

Senior Unsecured Regular Bond/Debenture, Affirmed Caa3 (LGD6)

Senior Unsecured Regular Bond/Debenture, Affirmed Caa2 (LGD5)

Outlook Actions:

Issuer: Rite Aid Corporation

Outlook, Remains Negative

RATINGS RATIONALE

Rite Aid's Caa1 rating incorporates it's weak market position as it
lacks the scale or the balance sheet to compete effectively with
much larger and well capitalized competitors like CVS Health and
Walgreens Boots Alliance, Inc. in the changing pharmacy landscape
as scale has become increasingly more important in the competitive
pharmacy sector. After a couple of unsuccessful attempts to sell
itself first to Walgreens and then to Albertsons Companies, Inc.,
Rite Aid finally managed to sell about half its stores and a couple
of distribution centers to Walgreens in 2018 for about $4.375
billion and used the proceeds to repay debt. However, during that
time the operating performance of the company faltered as customers
had no incentive to sign new contracts with Envision and the number
of prescriptions filled at Rite-Aid declined. The company was also
unable to offset reimbursement rate declines with generic
purchasing efficiencies. Therefore EBITDA and free cash flow has
declined significantly resulting in deteriorating credit metrics.
The rating also incorporates the possibility of further distressed
exchanges.

Moody's expects Rite Aid's lease adjusted debt/EBITDA to remain
high at about 6.0x at the end of this fiscal year ending February
2020, despite recent debt repurchases and better than expected
third quarter operating performance. Moody's does not expect much
improvement in leverage in next 12 months given the competitive
pressures Rite Aid is facing. The rating also reflects the
company's modest free cash flow and weak interest coverage with
EBIT/interest below 1.0 times in the next 12 months. Positive
ratings consideration is given to Moody's expectation that new
management will focus on cost reduction, inventory rationalization,
store remodels, growth in the Envision RX traditional PBM business,
increase the level of script growth through increased traffic and
file buys and strategically target participation in limited and
preferred networks to boost revenue, earnings and free cash flow.
Rite Aid's adequate liquidity, and the relative stability and
positive longer term trends of the prescription drug industry are
other positive rating considerations.

Rite-Aid's rating takes into consideration increasing social risks
stemming from changing consumer preferences and spending patterns.
The retail environment has been undergoing a structural shift
toward e-commerce which has increased pressure on retailers. The
rating also takes into consideration the litigation risk associated
with prescription drug usage especially Opioids. Financial policies
of the company have remained balanced with the company using cash
received from asset sales to repay debt.

The negative outlook reflects the uncertainty in management's
ability to improve operating performance and credit metrics in the
next 12 months given the current competitive business environment
in the pharmacy sector and the much larger and well capitalized
peers in this space.

An upgrade would require Rite Aid's, operating performance to
improve or absolute debt levels to fall such that the company
demonstrates that it can maintain debt/EBITDA below 6.0 times and
EBIT to interest expense above 1.0 times. In addition, a higher
rating would require Rite Aid to continue to maintain at least an
adequate liquidity profile, including modestly positive free cash
flow.

Ratings could be downgraded should the likelihood of a default
increase for any reason or if Rite Aid experiences a decline in
revenues or earnings or increases debt such that debt/EBITDA is
likely to remain above 7.0 times and EBIT to interest expense is
likely to remain below 1.0 times. Ratings could also be downgraded
should liquidity weaken including free cash flow remaining negative
or the company does not get any traction on new PBM contracts or if
prescription volumes decline.

Rite Aid Corporation operates 2,464 drug stores in 18 states. It
also operates a full-service pharmacy benefit management company
(Envision Rx). Revenues are about $22 billion.

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


RIVER BEND MARINA: Seeks to Hire Inzer Haney as Counsel
-------------------------------------------------------
River Bend Marina, LLC, seeks authority from the U.S. Bankruptcy
Court for the Northern District of Alabama to employ Inzer Haney
McWhorter Haney & Skelton, LLC, as counsel to the Debtor.

River Bend Marina requires Inzer Haney to:

   a. give the Debtor-in-Possession legal advice with respect to
      its powers and duties as Debtor-in-Possession;

   b. negotiate and formulate a plan of rearrangement under the
      Chapter 11 which will be acceptable to the creditors;

   c. deal with secured lien claimants regarding adequate
      protection and arrangements for payment of the debts and
      contesting the validity of same;

   d. prepare the necessary petition, schedules, statements,
      answers, orders, reports and other legal documents; and

   e. provide all other legal services which may become necessary
      in the above styled proceedings.

Inzer Haney will be paid at the hourly rate of $250. Inzer Haney
will be paid a retainer in the amount of $2,283.

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

Robert D. McWhorter Jr., partner of Inzer Haney McWhorter Haney &
Skelton, LLC, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Inzer Haney can be reached at:

     Robert D. McWhorter Jr., Esq.
     INZER HANEY MCWHORTER HANEY & SKELTON, LLC
     P.O. Box 287
     Gadsden, AL 35902-0287
     Tel: (256) 546-1656
     E-mail: rdmcwhorter@bellsouth.net

                   About River Bend Marina

River Bend Marina, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Ala. Case No. 20-40075) on Jan. 15, 2020, disclosing
under $1 million in both assets and liabilities.  The Debtor is
represented by Robert D. McWhorter Jr., Esq., at Inzer Haney
McWhorter Haney & Skelton, LLC.


RIVORE METALS: Hires Receivables Control as Management Company
--------------------------------------------------------------
Rivore Metals, LLC, seeks authority from the U.S. Bankruptcy Court
for the Eastern District of Michigan to employ Receivables Control
Corporation, as receivable management company to the Debtor.

Rivore Metals requires Receivables Control to assist the Debtor in
the collection of all of its receivables.

Receivables Control will be paid based upon its normal and usual
hourly billing rates. The firm will also be reimbursed for
reasonable out-of-pocket expenses incurred.

Patrick O' Gorman, member of Receivables Control Corporation,
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.

Receivables Control can be reached at:

     Patrick O' Gorman
     RECEIVABLES CONTROL CORPORATION
     7373 Kirkwood Ct., Suite 200
     Maple Grove, MN 55369
     Tel: (763( 315-9600

                      About Rivore Metals

Rivore Metals, LLC -- http://www.rivore.com/-- is a metals trading
and project management company with offices in the United States
and Canada offering full service trading operations to
international specialized markets for ferrous and non-ferrous scrap
metals.

Rivore Metals, LLC, filed a voluntary petition under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Mich. Case No. 19-53795) on Sept.
27, 2019.  In the petition signed by Konstantinos C. Marselis,
president, the Debtor was estimated to have up to $50,000 in assets
and $1 million to $10 million in liabilities.

The case is assigned to Judge Thomas J. Tucker.

Charles D. Bullock, Esq. at Stevenson & Bullock, P.L.C., is the
Debtor's counsel.

The U.S. Trustee for Region 9 appointed a committee of unsecured
creditors on Oct. 15, 2019.


ROBUST LLC: Unsecured Creditors to Recover 10% in Plan
------------------------------------------------------
Robust, LLC has proposed a Plan of Reorganization.

A hearing to determine the adequacy of the Disclosure Statement in
support of the Plan will be held on Feb. 18, 2020, at 10:00 a.m.
Central Standard Time in the United States Bankruptcy Court for the
Eastern District of Missouri, 111 S. 10th Street, St. Louis,
Missouri 63102, 7th Floor South Courtroom.

Class 4 Allowed General Unsecured Claims are IMPAIRED.  Unsecured
claims have been filed in the approximate aggregate amount of
$91,060.02.  The Class 4 Claimants shall receive quarterly pro rata
distributions for the 10-year term of the Plan that amount to 10
percent of allowed unsecured claims, with distributions to Class 4
Claimants commencing no later than 30 days after payment in full of
the following claims: (i) all Administrative Claims, (ii) Priority
Tax Claims, (iii) Allowed Priority Non-Tax Claims, (iv) Allowed
Secured Claims of the IRS, and (v) Class 3 Claims only to the
extent the Court enters an Order directing Debtor to pay any part
of Libertas' Class 3 Claim as a secured claim.

All Class 5 Allowed Equity Interests will (a) be cancelled on the
Confirmation Date and (b) receive no Distribution under the Plan.

The Plan will be funded from Debtor's future operating revenue,
proceeds from any other Assets.

A full-text copy of the Disclosure Statement dated Jan. 10, 2020,
is available at https://tinyurl.com/rfzvh4u from PacerMonitor.com
at no charge.

Attorneys for debtor Robust LLC:

     SPENCER P. DESAI
     DANIELLE A. SUBERI
     120 South Central Avenue, Suite 1800
     St. Louis, Missouri 63105
     Tel: (314) 854-8600
     Fax: (314) 854-8660
     E-mail: spd@carmodymacdonald.com
             das@carmodymacdonald.com

                       About Robust LLC

Robust, LLC, filed a Chapter 11 bankruptcy petition (Bankr. E.D.
Mo. Case No. 19-44377) on July 15, 2019, estimating under $1
million in both assets and liabilities.  The Debtor is represented
by Spencer P. Desai, Esq., at Carmody MacDonald.


RODAN + FIELDS: Moody's Lowers Corp. Family Rating to B3
--------------------------------------------------------
Moody's Investors Service downgraded Rodan + Fields, LLC's
Corporate Family Rating to B3 from B2 and its Probability of
Default Rating to B3-PD from B2-PD. Moody's also downgraded Rodan +
Fields' 1st lien senior secured revolving credit facility and term
loan ratings to B3 from B2. All ratings remain on review for
further downgrade.

The downgrade reflects the company's continued underperformance
with sales declining 26% in the third quarter of 2019, which was
fueled by a significant decline in new enrollment of its
Independent Sales Consultants. Independent Sales Consultants are a
significant driver of growth across the company's multi-level
marketing business model, and the decline in enrollment negatively
impacted business performance. At the same time, the company
continues to make significant investment in systems, tools and
capability to drive Independent Sales Consultant enrollment, which
hurt profit margins. Nevertheless, it could take longer than the
company expects for the Independent Sales Consultants enrollment
and therefore overall revenues to stabilize. Moody's expects
pressure will remain on sales and margins as a result of these
challenges, thus leverage will remain elevated. The downgrade also
reflects challenges Rodan + Fields has faced implementing change
within what is already a complex business model

The ratings remain on review for downgrade reflecting its ongoing
concern over Rodan + Field's ability to stem revenue declines in
highly competitive and rapidly changing prestige skin care market.
Moody's review will focus on the company's strategy to turnaround
sales and improving operating performance. Moody's review will also
consider the company's liquidity and forward looking cash flow over
the next 12-18 months and potential limitations on the company's
ability to fully access its $200 million revolving credit facility
due to tightening covenant compliance.

Rodan + Fields, LLC

Rating Actions:

Ratings Downgraded and placed on review for downgrade:

Corporate Family Rating to B3 on review for downgrade from B2

Probability of Default to B3-PD on review for downgrade from B2-PD

$200 million Gtd. senior secured first lien revolving credit
facility expiring 2023 to B3 (LGD4) on review for downgrade from B2
(LGD4)

$600 million Gtd. senior secured first lien term loan B due 2025 to
B3 (LGD4) on review for downgrade from B2 (LGD4)

Outlook Actions:

Outlook changed to Ratings Under Review from Stable

RATINGS RATIONALE

The B3 CFR (on review for downgrade) reflects Rodan + Fields'
narrow focus in skin care, high and increasing competition from
larger and better diversified competitors, and limited geographic
diversity. The rating is supported by the company's good brand name
recognition in niche markets and moderate financial leverage

The principal methodology used in these ratings was Global Packaged
Goods published in january 2017.

Based in San Francisco, CA, Rodan + Fields is a direct-seller of
prestige skin care products. The company operates through a
multi-level marketing system that consists of about 300,000
Independent Sales Consultants largely in the US. Rodan + Fields is
majority owned by the families of the founders, Katie Rodan and
Kathy Fields with TPG owning a minority interest. The company
generates about $1.3 billion in annual revenue.


ROOFTOP GROUP: Creditors' Committee Propose Chapter 11 Plan
-----------------------------------------------------------
The Official Committee of Unsecured Creditors filed a proposed Plan
of Reorganization/Liquidation for Rooftop Group International Pte.
Ltd.

The Committee believes that the value of Rooftop Group's assets can
be best maximized through a Restructuring whereby Rooftop Group
will be reorganized as a  going concern.  If a Restructuring cannot
be consummated, then alternatively the Committee believes the value
of Rooftop Group's assets can be best maximized through an orderly
liquidation as opposed to an immediate sale of the assets by a
Chapter 7 Trustee.

On July 3, 2019, the Debtor filed a motion seeking to sell by
auction substantially all its assets, principally including all of
the Debtor's patents, trademarks, and other intellectual property
and related licenses or other executory contracts and unexpired
leases.  The Official Committee of Unsecured Creditors filed an
objection to the sale motion, on the grounds, among other reasons,
that it was highly unlikely, if not impossible, for the Debtor to
reorganize as a going concern if substantially all of its assets
were sold; as well as various issues and concerns surrounding the
Debtor's proposed stalking horse bidder, Fortune 8, including, but
not limited to, numerous loans, payments and business transaction
by and among Fortune 8, the Debtor, the Debtor's principal Darren
Matloff and certain debtor affiliates.  The hearing on the sale
motion scheduled for Oct. 23, 2019 was continued to a later date to
be determined, and no hearing on the Sale Motion is currently
scheduled.

Rooftop Group scheduled $59,910,238 owing on account of General
Unsecured Claims as of the Petition Date, and the total amount of
filed General Unsecured Claims was approximately $78,200,000.

Under the Plan, Class 3 General Unsecured Claims are impaired.
After the payment or reserve for Administrative Claims, Priority
Tax Claims, Priority Claims, Secured Claims, and Plan Expenses,
each Holder of an Allowed Class 3 Claim shall receive in respect of
such Claim its Pro Rata distribution of Net Proceeds from Causes of
Action, and either (i) the New Common Stock Distribution (to the
extent New Common Stock is issued); or (ii) Net Proceeds from
Liquidation (to the extent there is a Liquidation).

Class 4 Interests are Impaired. The Holders of Class 4 Interests
shall receive no distribution.  On the Effective Date, all Class 4
Interests shall be deemed canceled, null and void, and of no force
and effect.

A full-text copy of the Disclosure Statement dated Jan. 10, 2020,
is available at https://tinyurl.com/vkt6buf from PacerMonitor.com
at no charge.

Counsel for the Creditors' Committee:

     Judith W. Ross
     Rachael L. Smiley
     ROSS & SMITH, PC
     700 North Pearl Street, Suite 1610
     Dallas, Texas 75201
     Telephone: 214-377-7879
     Facsimile: 214-377-9409
     E-mail: judith.ross@judithwross.com
             rachael.smiley@judithwross.com

             - and -

     James E. Van Horn
     BARNES & THORNBURG LLP
     1717 Pennsylvania Avenue NW, Suite 500
     Washington, D.C. 20006-4623
     Telephone: 202-371-6351
     Facsimile: 202-289-1330
     E-mail: jvanhorn@btlaw.com

                 About Rooftop Group Int'l

Rooftop Group International Pte. Ltd. is a private limited company
organized under the laws of Singapore.  It was formed to hold
certain intellectual property assets, including registered
trademarks and patents, relating to the manufacture and sale of
hobby-grade drones under the name Propel RC(R).  At present, it has
no operations and has no employees, and its remaining assets are
composed almost entirely of certain patents, trademarks, and other
intellectual property.  In addition, it licenses certain of its
trademarks to Amax Industrial Group China Co, Ltd., under a
nonexclusive license agreement.

Certain of Rooftop Group's prepetition secured creditors commenced
collection actions against the Debtor in Singapore courts
pertaining to prepetition debt obligations under which the Debtor
was either a primary obligor or guarantor.  The Debtor's
intellectual property assets are not encumbered by any lien or
security interest; however, a portion of the outstanding equity in
the Debtor is pledged to secure repayment of certain of the
Debtor's prepetition obligations and certain prepetition creditors
assert liens on certain asset classes other than intellectual
property.

To preserve the value of its intellectual property assets for the
benefit  of all its unsecured creditors, on April 30, 2019, the
Debtor filed a voluntary petition for relief under chapter 11 of
the Bankruptcy Code (Bankr. N.D. Tex. Case No. 19-31443).  In the
petition  signed by Darren Matloff, director, the Debtor was
estimated to have $1 million to $10 million in assets and $50
million to $100 million in liabilities.  

The Hon. Harlin DeWayne Hale oversees the case.  

The Debtor is represented by Reed Smith LLP.

The Office of the U.S. Trustee on June 13, 2019, appointed three
creditors to serve on an official committee of unsecured creditors
in the Chapter 11 case.  The committee is represented by Barnes &
Thornburg LLP.


SAINT JAMES APARTMENT: IREI Buying All Assets for $3.1 Million
--------------------------------------------------------------
Saint James Apartment Partners, LLC, asks the U.S. Bankruptcy Court
for the District of Nebraska to authorize the sale of substantially
all assets to IREI Acquisition, LLC for $3.075 million, pursuant to
the Purchase and Sale Agreement dated Dec. 17, 2019, subject to
overbid.

The Debtor attempted to reorganize its operations outside of
bankruptcy but those efforts ultimately proved unsuccessful.  After
evaluating various means of reorganization, and soliciting the
input of its professionals and consultants, the Debtor has
determined, in its business judgment, that is left with no
reasonable alternative other than a Sale of the Assets.  It submits
that a Sale of the Assets either in connection with the Stalking
Horse Transaction as proposed in the Purchase and Sale Agreement or
after the bidding and auction process contemplated by the Sale
Procedures Motion will maximize the value of the Assets and will be
in the best interests of the Estate and its creditors.   

Contemporaneously filed with the Motion is the Debtor's Sale
Procedures Motion.  The Debtor asks authority to convey the Assets
to the Stalking Horse Bidder or any other successful bidder at
auction free and clear of all liens, claims, interests and
encumbrances whatsoever (except for interests, if any, that are to
be assumed liabilities under the express terms of the asset
purchase agreement executed by the Purchaser).

The Debtor asks approval of a Sale transaction after a thorough
marketing process conducted by Affordable Housing Brokerage, real
estate brokers retained by the Debtor pursuant to Order of the
Court dated Oct. 4, 2019.  That process will, if the Court grants
the Sale Procedures Motion, include an bidding and auction process
typically employed in bankruptcy cases in connection with the sale
of estate assets.

The Debtor believes that the sale processes it has conducted and
will conduct pursuant to the Sale Procedures Motion represents the
optimal method to obtain the highest and best offer for the Assets.
Thus, the consideration to be paid for the Assets, either by the
Stalking Horse Bidder pursuant to the Stalking Horse Transaction,
or by the winning bidder at auction will, therefore, be fair and
reasonable.

Pursuant to Section 363(f) of the Bankruptcy Code, the Debtor asks
authority to sell the Assets free and clear of all Liens, Claims,
and Interests, with such Liens, Claims, and Interests and
encumbrances to attach to the proceeds of the Sale.  In addition,
all parties in interest have been given an opportunity to object
and to the extent such parties have not filed objections, or such
objections have been withdrawn, the Debtor submits that all such
parties holding interests in the Assets will have consented to a
Sale transaction pursuant to section 363(f)(2) of the Bankruptcy
Code.

Rule 6004(h) provides that an order authorizing the use, sale or
lease of property other than cash collateral is stayed until the
expiration of 10 days after entry of the order, unless the court
orders otherwise.  In order to permit a Sale transaction to proceed
as expeditiously as possible and to avoid further degradation or
loss of value to the Assets, good cause exists to waive the 10-day
stay provided in Rule 6004(h).

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

The Purchaser:

        IREI ACQUISITIONS, LLC
        Atlanta Financial Center
        3353 Peachtree Road, Suite 940
        Atlanta, GA 30326
        Attn: Gregory B. Jones
        Telephone: (678) 256-3826
        E-mail: gjones@atlantafinancialgroup.com  

The Purchaser is represented by:

        SAUL EWING ARNSTEIN & LEHR LLP
        Center Square West
        1500 Market Street, 38th Floor
        Philadelphia, PA  19102-2186
        Attn: Kevin S. Barber, Esq.
        Telephone: (215) 972-7711
        E-mail: kevin.barber@saul.com  

            About Saint James Apartment Partners

Saint James Apartment Partners LLC, a company engaged in renting
and leasing real estate properties, sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Neb. Case No. 19-80878) on
June 7, 2019.  At the time of the filing, the Debtor estimated
assets of between $1 million and $10 million and liabilities of the
same range.  The case is assigned to Judge Thomas L. Saladino.
Robert Vaughan Ginn, Esq., is the Debtor's counsel.


SAN LUIS & RIO GRANDE: William Brandt Named Chapter 11 Trustee
--------------------------------------------------------------
The United States Trustee appoints William A. Brandt, Jr. to serve
as the chapter 11 trustee in the case of San Luis & Rio Grande
Railroad, Inc., pursuant to 11 U.S.C. Sec. 1163.

The Trustee can be reached at:

        William A. Brandt, Jr.
        10 South LaSalle Street, Suite 3300
        Chicago, IL 60603

The chapter 11 trustee bond is initially set at $10,000, and may
require adjustment as the trustee collects and liquidates assets of
the estate, and the trustee is directed to inform the Office of the
United States Trustee when changes to the bond amount are required
or made.

A full-text copy of the notice of the appointment of a trustee is
available at https://tinyurl.com/u9tucyv from PacerMonitor.com at
no charge.

            About San Luis & Rio Grande Railroad

San Luis & Rio Grande Railroad, Inc., operates the San Luis & Rio
Grande Railroad.

On Oct. 16, 2019, an involuntary Chapter 11 petition was filed
against San Luis & Rio Grande Railroad by creditors, Ralco LLC,
South Middle Creek Road Association and The San Luis Central
Railroad Co. (Bankr. D. Colo. Case No. 19-18905).  

The petitioning creditors are represented by Brownstein Hyatt
Farber Schrec and Graves Dougherty Hearon & Moody.

Judge Thomas B. McNamara oversees the case.

Williams A. Brandt Jr. was appointed as Chapter 11 trustee for San
Luis & Rio Grande Railroad.  The trustee is represented by Markus
Williams Young & Hunsicker LLC.


SHIFTPIXY INC: Says Conditions Raise Going Concern Doubt
--------------------------------------------------------
ShiftPixy, Inc. filed its quarterly report on Form 10-Q, disclosing
a net loss of $2,556,000 on $15,866,000 of revenues for the three
months ended Nov. 30, 2019, compared to a net loss of $2,246,000 on
$10,520,000 of revenues for the same period in 2018.

At Nov. 30, 2019, the Company had total assets of $25,167,000,
total liabilities of $40,379,000, and $15,212,000 in total
stockholders' deficit.

As of November 30, 2019, the Company had cash of $0.1 million and a
working capital deficiency of $18.5 million.  During the quarter
ended November 30, 2019, the Company used approximately $1.5
million of cash in its operations, consisting of a net loss of $2.6
million, reduced by net non-cash charges and gains of $0.3 million
and working capital changes of $0.8 million.  During the year ended
August 31, 2019, the Company used approximately $2.1 million of
cash in its operations, consisting of a net loss of $18.7 million,
reduced by net non-cash charges and gains of $10.8 million and
working capital changes of $6.0 million.  The Company has incurred
recurring losses resulted in an accumulated deficit of $48 million
as of November 30, 2019.  The Company said that these conditions
raise substantial doubt as to the Company's ability to continue as
going concern within one year from issuance date of the financial
statements.

The Company also said that its ability to continue as a going
concern is dependent upon generating profitable operations in the
future and obtaining additional funds by way of public or private
offering to meet the Company's obligations and repay its
liabilities when they become due.  The Company has a recurring
revenue business model that generated $12.4 million of gross profit
for the year ended August 31, 2019 and $3.3 million for the quarter
ended November 30, 2019..

The Company's plans and expectations for the next 12 months include
raising additional capital to help fund expansion of its
operations, including the continued development and support of its
IT and HR platform and settling its outstanding debt as it comes
due.  The Company engaged an investment banking firm to assist the
Company in (i) preparing information materials, (ii) advising the
Company concerning the structure, price and conditions and (iii)
organizing the marketing efforts with potential investors in
connection with a financing transaction.

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

                       https://is.gd/woX0W4

ShiftPixy, Inc. provides employment services for businesses; and
workers in shift or other part-time/temporary positions in the
United States. The company also operates as a payroll processor,
human resources consultant, and administrator of workers'
compensation coverages and claims. It primarily serves restaurant,
hospitality, and maintenance service industries. The company was
founded in 2015 and is headquartered in Irvine, California.



SILGAN HOLDINGS: S&P Puts 'BB+' ICR on Watch Negative on Albea Deal
-------------------------------------------------------------------
S&P Global Ratings placed all its ratings on Silgan Holdings Inc.
on CreditWatch with negative implications.

The CreditWatch negative placement reflects Silgan Holdings Inc.'s
agreement to acquire Albea Beauty Holdings' dispensing business for
$900 million. S&P expects the acquisition to expand Silgan's
dispensing solutions into the beauty and personal care space and
contribute approximately $97 million of EBITDA, inclusive of an
estimated $20 million of synergies. Although S&P expects the
acquisition to enhance the breadth of Silgan's product offerings,
the rating agency believes the acquisition only modestly enhances
its view of the company's overall business.

S&P will continue to monitor developments related to this
transaction. The rating agency expects to resolve the CreditWatch
placement after it reviews Silgan's post acquisition integration
and operating plans, synergies cadence, pro forma debt capital
structure, and prospects for reducing debt.


SOUTHERN LIVING: Lender Wants Receiver to Stay or a Trustee
-----------------------------------------------------------
North State Bank, a senior secured creditor of Southern Living for
Seniors of Burnsville NC, LLC, moves the Bankruptcy Court to excuse
compliance by Robert Crummie, the prepetition receiver of the
Debtor's estate, and to allow the Receiver to re-assume control of
the assets of the Debtor's estate during the pendency of the
bankruptcy case or, alternatively, either to appoint a Chapter 11
trustee for the Debtor and the immediate reinstatement of the
Receiver or, alternative, the appointment of a chapter 11 trustee.

According to North State Bank, the immediate reinstatement of the
Receiver or, in  the alternative, the appointment of a chapter 11
trustee for the Debtor or dismissal of the Debtor's bankruptcy case
is necessary to protect the interests of the Debtor's creditors,
particularly the security interests and liens of the Lender, and to
assure the health, welfare and safety of the residents of the
Debtor’s adult care home in Burnsville, North Carolina in which
the Debtor is the operator of the Business.

The Debtor is in default on its $760,000 loan from the Lender by
virtue of, among other things, the Debtor's failure to make any
required monthly payment on the Loan since Sept. 13, 2018.  The
Loan is secured by substantially all of the Debtor’s assets.  

The Debtor is the owner of certain personal property located at 270
Love Fox Road, Burnsville, NC 27814, from which it operates the
Business, an adult care home known as Southern Living for Seniors
of Burnsville, NC and sometimes as "Mountain Manor Assisted
Living".  The Debtor operates the Business under a license issued
by the North Carolina Department of Health and Human Services
Division of Health Service Regulation.  

According to Lender, the Debtor has allowed the Business to fall
into a state of disrepair.  The Business currently is subject to an
administrative penalty from North Carolina licensure authorities
that has not yet been abated and its admissions have been
suspended.  Consequently, the Business is currently operating based
upon a provisional license. The Business has also failed to pay
critical vendors due to cash flow shortage, causing its food
service to be suspended.  As a result of the foregoing, the Lender
has no confidence in the Debtor's ability to reorganize on its own
in Chapter 11 case.

Lender believes that absent reinstatement of the Receiver to manage
the Business, the appointment of a Chapter 11 trustee or dismissal
of this Chapter 11 case so that the Lender can exercise its state
law remedies to protect the Business, the Debtor's operations may
further deteriorate in this Chapter 11 case, causing the Debtor's
license to be revoked and patient welfare to be jeopardized.

Lender asserts that the appointment of a Chapter 11 Trustee is in
the best interests of Creditors and the Bankruptcy Estate.  Lender
has no confidence that the Debtor will fulfill its duties.  The
Debtor has sought the use of cash collateral, and the Lender is not
willing to agree to a final cash collateral order absent some type
of additional oversight to ensure that the Business’s operations
are improving, and that it is taking steps to become fully licensed
again.

Attorneys for North State Bank:

      PARKER, HUDSON, RAINER & DOBBS LLP
      C. Edward Dobbs
      Matthew M. Weiss
      Michael C. Sullivan
      303 Peachtree Street, N.E., Suite 3600
      Atlanta, Georgia 30308
      Telephone: (404) 523-5300
      Facsimile: (404) 522-8409
      E-mail: ced@phrd.com
              mweiss@phrd.com
              msullivan@phrd.com

A full-text copy of the Chapter 11 Trustee Motion is available at
https://tinyurl.com/w2bvjvg from PacerMonitor.com at no charge. 

                About Southern Living for Seniors
                      of Burnsville NC, LLC

Southern Living for Seniors of Burnsville NC, LLC owns and operates
an assisted living facility.

Based in Dallas, Ga., Southern Living for Seniors of Burnsville NC,
LLC, filed a petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ga. Case No. 19-42896) on Dec. 14, 2019. In the
petition signed by Kenneth Mark Simons, member and manager, the
Debtor was estimated to have $50,000 in assets and $1 million to
$10 million in liabilities.  Cameron M. McCord, Esq., at Jones &
Walden, LLC, represents the Debtor.


TM VILLAGE: Unsec. Creditors to Get Payouts From Recoupment Claims
------------------------------------------------------------------
TM VILLAGE, LTD., is proposing a liquidating plan of
reorganization.

According to the Amended Disclosure Statement, the Debtor has
already sold all of its real property and has paid the Dallas
County and C/FBISD Taxing Authorities, the secured claim of
Tamamoi/FDRE and the secured claim of SKR Partners in full. The net
proceeds remaining from the closings of the sales of the
Residential Condominiums, along with the proceeds from the Ad
Valorem Tax Recoupment Claims, will be utilized to pay the
administrative expenses, the claims of the Mechanic's Liens and the
Assumed Contracted Commissions, with the balance to be paid to the
Unsecured Creditors.  No proceeds will be paid to the General
Partner or the Limited Partners.

The Debtor says it has sufficient funds to pay the administrative
claims and 75% of the claims of the mechanic's liens all within 30
days of the Effective Date.  Additionally, the Debtor believes it
will prevail in the Ad Valorem Tax Recoupment Claims and receive
the majority of the stated total amount without having to resort to
litigation, thereby resulting in the payment of the remaining
balance of the Mechanicv's Liens Claims, payment of the Assumed
Contacted Commission and a distribution to Unsecured Creditors.

The Class 5 Allowed Claims of the Unsecured Creditor totaling $10
million are IMPAIRED.  The holders of Class 5 Allowed Unsecured
Claims will receive on account of their undisputed claims, on a pro
rata basis, the disbursements of the balance of the proceeds, if
any, from the Ad Valorem Tax Recoupment Claims, after payment in
full of the Class 4 Assume Contracted Commissions totaling
$140,700.  The payments to the Unsecured Creditors will be paid
within 60 days after the completion of the Ad Valorem Tax
Recoupment Claims process.

A full-text copy of the Amended Disclosure Statement dated Jan. 8,
2020, is available at https://tinyurl.com/u9n57fl from
PacerMonitor.com at no charge.

Attorneys for the Debtor:

     Mark Winnubst
     T. Craig Sheils
     Sheils Winnubst
     A Professional Corporation
     1701 N. Collins Blvd., Suite 1100
     Richardson, Texas 75080
     Tel: (972) 644-8181
     Fax: (972) 644-8180
     E-mail: mark@sheilswinnubst.com
             craig@sheilswinnubst.com

                        About TM Village

TM Village, Ltd., filed as a Domestic Limited Partnership in the
State of Texas on Oct. 16, 2014, according to public records filed
with Texas Secretary of State.

TM Village commenced a Chapter 11 proceeding (Bankr. N.D. Tex. Case
No. 18-32770) on Aug. 22, 2018.  The petition was signed by John
Chong, president and general partner.  The Debtor was estimated to
have up to $50,000 in assets and $1 million to $10 million in
liabilities.  Thomas Craig Sheils, Esq., and Mark Douglas Winnubst,
Esq., at Sheils Winnubst PC, serve as the Debtor's counsel.


VELMO USA: Feb. 5 Auction of All Assets Set
-------------------------------------------
Judge Alan C. Stout of the U.S. Bankruptcy Court for the Western
District of Kentucky authorized Velmo USA, LLC's bidding procedures
in connection with the sale of substantially all assets to Nova
TCB/USA, Inc. for $300,000, pursuant to the Letter of Intent,
subject to overbid.

The sale will be free and clear of any interest.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Feb. 4, 2020 at 5:00 p.m. (ET)

     b. Qualified Bid: Greater than or equal to $310,000

     c. Auction: If one or more Qualified Bids are received timely,
the Debtor will conduct an auction at the office of Kaplan Johnson
Abate & Bird LLP; 710 W. Main Street, 4th Floor; Louisville,
Kentucky 40202, on Feb. 5, 2020, at 10:00 a.m. (ET).

     d. Bid Increments: $10,000

     e. Sale Hearing: Feb. 11, 2020 at 9:00 a.m.

At least two days prior to the closing of any sale of substantially
all of the Debtor's assets to any Successful Bidder other than Nova
or an affiliate thereof, Nova will provide the Debtor and the
Successful Bidder reasonable supporting documentation for its
expenses incurred in pursuit of the asset sale, including, without
limitation, reasonable attorney's fees incurred in drafting and
negotiating the LOI and APA, and travel and other necessary
expenses incurred in conducting due diligence for the proposed
transaction and attending the auction.  The reasonable Reimbursable
Expenses will be deemed to be an allowed administrative expense of
the Debtor's bankruptcy estate and will be paid at or before
closing of the asset sale. Notwithstanding the foregoing, Nova may
not credit bid the amount of its Expense Reimbursement at the
auction.

Within three business days of entry of (i) the Order and (ii) the
notice of hearing to consider approval of the sale of the Assets
free and clear of any interest, the Debtor will cause service of
the Notice to all creditors identified in the mailing matrix
maintained in the case.  

As adequate protection for the interests of Amerifactors Financial
Group, LLC and Eclipse Bank, the liens of AmeriFactors and Eclipse
will attach to the proceeds of the sale.   With respect to all of
the Debtor's assets other than accounts (including accounts
receivable), the priority is first to Eclipse and second to
AmeriFactors.

The Purchase Price for the Purchased Assets will be allocated to
the Purchased Assets in an amount attributable to the accounts of
not less than $200,000.  From the Purchase Price, proceeds will be
distributed first to administrative claims and wind down expenses,
then to AmeriFactors for its secured claim in the amount allowed,
then to Eclipse Bank for its secured claim in the amount allowed.

AmeriFactors and Eclipse Bank will have the right to credit bid up
to the amount of their respective allowed claims against the assets
in which they hold the first priority security interest.

Nova does not have any outstanding post-petition debt that it will
credit bid or would be entitled to credit bid.  

                        About Velmo USA

Velmo USA, LLC, is a global sourcing ISO 9001:2008 certified
company serving a diverse range of industries including automotive,
construction, chemical & food industries and more.  It offers hot
forged ring, castings, CNC machine parts, screw machine parts,
steel tubes, sheet metal fabrications, metal stamping parts and
forgings.  

Velmo USA filed a petition under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Ky. Case No. 19-32515) on Aug. 6, 2019.  The petition
was signed by J. Bradley Law, president.  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.  Judge
Alan C. Stout oversees the case.  Kaplan Johnson Abate & Bird LLP
is the Debtor's legal counsel.


WANSDOWN PROPERTIES: Azari Says Modified Plan Not Feasible
----------------------------------------------------------
Azadeh Nasser Azari, a secured creditor of the debtor Wansdown
Properties Corporation, N.V., objects to the confirmation of the
Debtor's Modified Chapter 11 Plan filed December 9, 2019, and moves
for discovery concerning the sale of the Debtor's sole asset, a
townhouse located at 29 Beekman Place, New York, New York 10022 for
$10.3 million to 29 Beekman Corp.

Ms. Azari objects to confirmation of the Modified Plan on the basis
that it is not feasible.  In its Modified Plan, the Debtor has not
included any provision for the payment of Plan Rome's hourly fees
in prosecuting the adversary proceeding against Ms. Azari to avoid
her April 21, 2016 judgment against the Debtor.

The Debtor also fails to disclose how it will escrow the interest
that will continue to accrue on the $3.605 million Judgment, which
it is challenging in the adversary proceeding.

Ms. Azari seeks discovery concerning the Sale, including but not
limited to, the identities of 29 Beekman Corp.'s shareholders; the
shareholders of those shareholders; the negotiations which led to
the $10.3 million sale price; and whether Golsorkhi, the Debtor's
sole President and Managing Director, received any undisclosed
benefit from the transaction with 29 Beekman Corp.

Golsorkhi reaffirmed under oath that the Sale was an arm's length
transaction at the Creditor Meeting. Regardless, both the unsecured
and secured creditors have a right to question the fairness of the
Agreement and the Sale price, especially given that there is no
trustee or creditor's committee appointed.

A full-text copy of Azari's objection to plan dated January 7,
2020, is available at https://tinyurl.com/wb3qgtp from
PacerMonitor.com  at no charge.

Azadeh Azari is represented by:

      BEYS LISTON & MOBARGHA LLP
      Nader Mobargha, Esq.
      641 Lexington Avenue, 14th Floor
      New York, New York 1002
      Telephone: (646)755-3603
      Facsimile: (646)755-5229
      E-mail: nmobargha@bllmllp.com

                  About Wansdown Properties

Wansdown Properties Corporation, N.V.'s primary asset is a
seven-story townhouse located at 29 Beekman Place, New York, New
York. It was incorporated in 1979 under the laws of Curacao, in
accordance with Article 38 of the Commercial Code of the
Netherlands Antilles and continues to exist under the laws of the
Netherland Antilles. Wansdown Properties was formed as a holding
company to own and manage the Property for an affluent individual
who deceased in January 2016.

Wansdown Properties Corporation sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 19-13223) on Oct.
8, 2019. At the time of the filing, the Debtor was estimated to
have assets of between $10 million and $50 million and liabilities
of the same range. The case is assigned to Judge Stuart M.
Bernstein.

Counsel for the Debtor:

     Paul A. Rubin
     Hanh V. Huynh
     RUBIN LLC
     345 Seventh Avenue, 21st Floor
     New York, New York 10001
     Tel: 212.390.8054
     Fax: 212.390.8064
     E-mail: prubin@rubinlawllc.com
             hhuynh@rubinlawllc.com


WASHINGTON PRIME: Fitch Lowers LongTerm IDR to B, Outlook Negative
------------------------------------------------------------------
Fitch downgraded the Long-Term Issuer Default Ratings of Washington
Prime Group, Inc. and its operating partnership, Washington Prime
Group, L.P., to 'B' from 'BB-'. The Rating Outlook is Negative.

The downgrade reflects Fitch's views of increasing headwinds in
brick-and-mortar retail and WPG's high exposure to the
deteriorating performance of department store anchors and apparel
and commodity retailers. WPG's operating metrics have worsened to a
degree that Fitch believes may require collateralizing of its
credit facility absent material improvement in the next 12-24
months. The company's FCF profile (cash flow from operations less
recurring capex and common dividends) weakened to negative
territory in FY19 and Fitch anticipates WPG will need to cut its
dividend to generate positive FCF in FY20.

WPG's access to capital is limited relative to other U.S. equity
REITs. WPG remains unable to access unsecured bond and common
equity capital at economical levels. Positively, the company has
demonstrated access to the mortgage market through recent
refinancing of existing mortgages under terms substantially similar
or improved versus the prior loan. WPG also successfully generated
excess proceeds through refinancing activity as well as new
mortgage capital during FY19.

The Negative Outlook reflects Fitch's expectation that
property-level fundamentals will remain pressured by store closures
and bankruptcies of weaker performing retailers, which will
challenge the company's ability to stem the decline in portfolio
and financial metrics.

KEY RATING DRIVERS

Eroding Cash Flows: Fitch expects WPG's operating performance to
deteriorate further in the near term, marked by mid-single-digit
SSNOI declines in the consolidated core portfolio (Tier I and Open
Air) annually through the 2021 rating case projection period. WPG's
operating performance has been diminished by negative retailer
trends, in particular department store anchor closures and
bankruptcies within its mall portfolio that have induced
incremental occupancy and rental income losses through co-tenancy
clauses.

WPG's consolidated core portfolio declined 5.7% in 3Q19 yoy, and
its entire consolidated portfolio, including assets categorized as
Tier II and noncore, declined 9.0% yoy. This trend of negative
SSNOI growth has been ongoing within WPG's consolidated mall
portfolio since FY16.

Reported blended leasing spreads can be biased upward by the
inclusion of stronger unconsolidated assets, but still indicate a
roll down in rental levels even within WPG's Tier I mall assets.
For the LTM ended Sept. 30, 2019, blended spreads within the
company's Tier I mall assets were negative 7.6%. Blended leasing
spreads are a leading indicator of SSNOI. Fitch expects continued
softness in WPG's mall portfolio operating performance as
prevailing retail headwinds continue to pressure the company's
tenant roster of department stores, apparel and commodity
retailers.

Positively, 56% of new leasing has been lifestyle tenancy through
3Q19. Lifestyle tenancy is characterized as tenants offering food,
beverage, entertainment, home furnishings, fitness and professional
services and Fitch generally views these categories as more durable
and less exposed to disintermediation by e-commerce.

Weak Relative Capital Access: WPG's access to capital has been
largely limited to its unsecured credit facility and select
mortgage activity. WPG has had no tangible access to the REIT
unsecured bond market or public equity markets. Following the
imminent repayment of its April 2020 $250 million unsecured bond,
the company does have some runway prior to the maturity of its
credit facility in December 2022, but Fitch anticipates recasting
of the facility could require some form of collateralization absent
meaningful improvement in operating performance.

Low UA/UD: Fitch believes WPG retains material value in its
unencumbered portfolio through its Tier I and Open Air assets, but
that value is low on a relative basis when compared with its
unsecured debt profile. Unencumbered asset coverage of net
unsecured debt (UA/UD) was 1.1x when applying a stressed 13.5%
capitalization rate to 3Q19 annualized unencumbered NOI.

WPG demonstrated access to the CMBS market through its financing of
a new $180 million mortgage on its Waterford Lakes Town Center in
April 2019. The company successfully extracted $70 million in
excess proceeds from four cross-collateralized and cross-defaulted
open air assets during the year, and completed a sale leaseback for
fee interest in land at four mall assets receiving proceeds of $42
million after accounting for $55 million in bridge financing the
company provided to the lessor.

Credit Metrics Softening: Fitch expects leverage will rise to the
high-7x to low-8x range through 2021 as the company is expected to
have difficulty moderating its debt balance with FCF and needs to
prioritize capital investment in its vacant anchor boxes. WPG's
leverage is likely to be buffered at the margin by its ability to
shed non-performing assets and the committed mortgages at maturity
with minimal direct EBITDA impact. WPG's leverage was 7.6x for 3Q19
annualized, up from 6.2x for the year ended Dec. 31, 2018.

When treating 50% of WPG's preferred stock and 100% of redeemable
noncontrolling interests as debt, leverage would be 7.9x.

Fitch expects fixed-charge coverage to sustain in the high-1x to
low-2x range through the forecast period. WPG's fixed-charge
coverage was 2.1x for the TTM ended Sept. 30, 2019, down from 2.5x
for the year ended Dec. 31, 2018.

Recovery Ratings: Fitch's recovery analysis assumes WPG would be
considered a going-concern in bankruptcy and the company would be
reorganized rather than liquidated. Fitch applies individual
stressed capitalization rates, based on the addition of 50bps to
the current prevailing market cap rates for the Tier I and Tier II
mall assets and 100bps to the Open Air assets, to the 3Q19 NOI
generated by each tier of asset to determine a weighted average
stressed cap rate of 13.8%. The stressed cap rates applied to each
asset tier are as follows: Tier I malls, 14.5%, Tier II and noncore
malls, 24.9%, Open Air Centers, 9.5%.

Third-quarter 2019 annualized consolidated NOI of $403 million is
discounted by 8.6%, based on anticipated SSNOI declines of 4.8% in
fiscal 2020 and 4.0% in fiscal 2021, and added to forecasted 6%
redevelopment yields on $225 million of expected redevelopment
spend through 2021. The weighted average stressed cap rate of 13.8%
is applied to the reorganization NOI of $381 million to determine a
recoverable value for the consolidated real estate portfolio. This
value is combined with a discounted valuation of non-real-estate
assets to determine a net recoverable value available to holders of
WPG's obligations of $2.7 billion, after applying 10% to
administrative costs and priority claims. The April 2020 $250
million unsecured bond is assumed to be repaid prior to the
assessment of the capital structure in a bankruptcy scenario.

The distribution of value yields a recovery ranked in the 'RR2'
category for the senior unsecured revolver, terms loans, and the
2024 unsecured bond based on Fitch's expectations of recovery for
the obligations in the 70%-90% range, and the 'RR6' category for
the preferred stock based on recovery in the 0%-10% range. There is
no assumption of concession allocation to unsecured claims due to
the level of expected recoveries.

Should the company be required to collateralize its credit
facility, Fitch expects this would negatively affect recovery
ratings of the remaining outstanding unsecured bond given the
material impact to the value of WPG's unencumbered portfolio.

Fitch assumes that WPG's $650 million revolving credit facility is
fully drawn in a bankruptcy scenario and includes that amount in
the claims waterfall. Fitch also assumes that all $1.2 billion in
outstanding first-lien mortgages are fully repaid via the
recoverable value in a going-concern scenario.

Under Fitch's Recovery Criteria, these recoveries result in
notching two levels above the IDR for the unsecured obligations to
'BB-' and notching two levels below the IDR to 'CCC+' for the
preferred stock. Fitch performs a bespoke recovery analysis for
ratings in the 'B' category, which is the genesis for the
difference in recovery values versus prior analysis.

DERIVATION SUMMARY

WPG's relative levels of occupancy, SSNOI growth, leasing spreads
and tenant sales productivity in its consolidated mall portfolio
are marginally better than B-mall peer CBL & Associates (CBL; CCC+)
and considerably weaker than A-mall peer Simon Property Group (SPG;
A/Stable). WPG's open air retail assets have generally performed
well based on reported occupancy levels and SSNOI growth, but the
disclosed performance figures include WPG's stronger unconsolidated
joint venture assets and open air tenant-level performance data is
limited. Fitch estimates that the Open Air portfolio generates
approximately one third of consolidated NOI and this more
productive, non-mall portion of WPG's portfolio is a key factor
supporting a higher rating versus CBL.

WPG's leverage in the mid-7x range is comparable with CBL's, but
significantly higher than SPG which sustains leverage in the low-5x
range. Further, WPG's contingent liquidity, as measured by UA/UD,
is estimated at 1.1x compared with CBL's of 0.5x and SPG's at 3x.
WPG has exhibited better capital access than CBL, maintaining
access to its unsecured bank facility and the secured mortgage
market, and Fitch believes many of WPG's unencumbered Tier I malls
and Open Air assets are financeable in the mortgage market. SPG has
exhibited market-leading capital access through-the-cycle in both
the bond and equity markets.

KEY ASSUMPTIONS

  Annual SSNOI growth in the negative mid-single-digits in
  2019-2021, driven largely by 525bps of lost occupancy from the
  beginning of 2019 through 2021;

  Annual recurring capital expenditures of approximately $65
  million;

  Annual development/redevelopment spend of $100 million for
  2019-2021. The weighted average initial yield on cost for
  projects coming online is approximately 8%;

  Total noncore asset sales of approximately $75 million in
  2019-2021;

  Total additional mortgage proceeds of $200 million in
  2019-2021;

  Deed-in-lieu transactions of $125 million in 2019-2021;

  50% cut in common dividend in FY20 (to $0.50/share).

RATING SENSITIVITIES

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

  - Sustained improvement in operating fundamentals or asset
    quality (e.g. sustained positive SSNOI results and/or
    corporate earnings growth);

  - Improved financial flexibility stemming from an increase
    in capital markets access, including the unsecured debt
    market and the public equity market;

  - Fitch's expectation of net debt to recurring operating
    EBITDA sustaining below 7.5x;

  - UA/UD exceeding 1.0x;

  - Fitch's expectation of REIT fixed-charge coverage
    sustaining above 1.5x.

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

  - Sustained deterioration in operating fundamentals or
   asset quality (e.g. sustained negative SSNOI results
    and/or corporate earnings growth);

  - Reduced financial flexibility and/or a deteriorating
    liquidity profile including reduced financial flexibility
    stemming from significant utilization of lines of credit,
    deterioration in secured mortgage market access and/or
    difficulties in refinancing debts;

  - UA/UD below 1.0x;

  - Fitch's expectation of REIT fixed charge coverage
    sustaining below 1.0x.

LIQUIDITY AND DEBT STRUCTURE

WPG's base case liquidity coverage of 0.6x through the end of 2021
is weak but adequate for the rating. Fitch estimates the company
will generate FCF of negative $50 million in FY19 as it remains
limited by common distributions of approximately $225 million
annually. WPG is expected to assess its common dividend payout in
FY20, which would bolster its liquidity profile; Fitch has assumed
a 50% dividend cut in FY20 to reflect operating cash flow erosion
and to provide flexibility in addressing retenanting and
redevelopment capital needs.

The company's liquidity coverage improves to 0.9x assuming it is
able to refinance 80% of its secured mortgage maturities through
2021. WPG has been able to extract excess proceeds and new mortgage
capital via its asset base in the last 12-18 months. As of Sept.
30, 2019, the company had approximately $433 million of
availability under its revolver.

Fitch defines liquidity coverage as sources of liquidity divided by
uses of liquidity. Sources include unrestricted cash, availability
under unsecured revolving credit facilities and retained cash flow
from operating activities after dividends. Uses include pro rata
debt maturities, expected recurring capex and forecasted
(re)development costs.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of 3. A score of 3 is defined as:
ESG issues are credit neutral or have only a minimal credit impact
on the entity, either due to their nature of the way in which they
are being managed by the entity.


WEATHER KING: Hires Roderick Linton as Bankruptcy Counsel
---------------------------------------------------------
Weather King Heating & Air, Inc., seeks authority from the U.S.
Bankruptcy Court for the Northern District of Ohio to employ
Roderick Linton Belfance, LLP, as counsel to the Debtor.

Weather King requires Roderick Linton to:

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

   (b) advise the Debtor with respect to all bankruptcy matters;

   (c) prepare all necessary motions, applications, answers,
       orders, reports, and papers in connection with the
       administration of the estates of Debtor;

   (d) represent the Debtor at all hearings on matters relating
       to its affairs and interests as debtor-in-possession
       before this Court and protecting the interests of
       the Debtor;

   (e) prosecute and defend litigated matters that may arise
       during these cases, including such matters as may be
       necessary for the protection of the Debtor's rights, the
       preservation of estate assets, or the Debtor's successful
       reorganization;

   (f) advise the Debtor with respect to other legal matters that
       may arise during the pendency of the case; and

   (g) perform other legal services that are necessary for the
       economic and efficient administration of the case.

Roderick Linton will be paid at these hourly rates:

     Attorneys                      $275 to $310
     Associates                     $225 to $290
     Paralegals                     $100 to $165

The Debtor paid Roderick Linton an initial retainer of $12,000 on
November 18, 2019, along with an additional payment of $5,500 on
December 9, 2019. As of the Petition Date, $6,870.50 of the
retainer remains unapplied.

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

Steven J. Heimberger, partner of Roderick Linton Belfance, LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Roderick Linton can be reached at:

     Steven J. Heimberger, Esq.
     RODERICK LINTON BELFANCE LLP
     50 South Main Street, Suite 1000
     Akron, OH 44308
     Tel: (330) 431-3000
     E-mail: sheimberger@rlbllp.com

                   About Weather King Heating

Weather King Heating & Air, Inc. -- https://www.weatherking1.com/
-- is a privately owned and operated company that provides a wide
range of services, including air conditioning repairs and
installations, heating repairs and installations, water heater
repairs and installations, heat pumps, furnaces, boilers, mini
splits, air quality solutions, and system maintenance.

Weather King Heating & Air sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Ohio Case No. 19-52957) on Dec.
16, 2019.  At the time of the filing, the Debtor had estimated
assets of between $100,000 and $500,000 and liabilities of between
$1 million and $10 million.  Judge Alan M. Koschik oversees the
case.  Steven J. Heimberger, Esq., at Roderick Linton Belfance,
LLP, is the Debtor's legal counsel.


WHITE STAR: Feb. 13 Disclosure Statement Hearing Set
----------------------------------------------------
On Jan. 6, 2020, White Star Petroleum Holdings, LLC and its Debtor
Affiliates filed with the United States Bankruptcy Court for the
Western District of Oklahoma the Disclosure Statement for the
Debtors’ Joint Chapter 11 Plan of Liquidation.

The Court has set Feb. 13, 2020, at 9:30 a.m. Central Daylight Time
as the date and time for hearing on the Disclosure Statement and
the other relief requested in the Solicitations Procedure Motion.

Feb. 6, 2020, at 4:00 p.m. is the deadline to file any objection to
the Disclosure Statement.

A full-text copy of the notice dated January 7, 2020, is available
at https://tinyurl.com/uofr77w from PacerMonitor.com  at no
charge.

The Debtors are represented by:

      John D. Dale
      GABLEGOTWALS
      1100 ONEOK Plaza
      100 West 5th Street
      Tulsa, Oklahoma 74103-4217
      Tel: (918) 595-4800
      Fax: (918) 595-4990
      E-mail: jdale@gablelaw.com

               - and -

      Craig M. Regens
      GABLEGOTWALS
      One Leadership Square
      211 North Robinson
      Oklahoma City, Oklahoma 73102
      Telephone: (405) 568-3313
      Facsimile: (405) 235-2875
      E-mail: cregens@gablelaw.com

               - and -

      Andrew G. Dietderich
      Brian D. Glueckstein
      Alexa J. Kranzley
      SULLIVAN & CROMWELL LLP
      125 Broad Street
      New York, New York 10004
      Telephone: (212) 558-4000
      Facsimile: (212) 558-3588
      E-mail: dietdericha@sullcrom.com
              gluecksteinb@sullcrom.com
              kranzleya@sullcrom.com

              About White Star Petroleum Holdings

White Star Petroleum Holdings, LLC and its subsidiaries
--http://www.wstr.com/-- are engaged in the acquisition,
development, exploration and production of oil, natural gas and
natural gas liquids located in the Mid-Continent region in the
United States. The Debtors are headquartered in Oklahoma City and
employ 169 people. As of December 2018, the Debtors owned 315,000
net leasehold acres, primarily in Creek, Dewey, Garfield, Lincoln,
Logan, Noble, and Payne counties of Oklahoma.

White Star Petroleum Holdings, LLC, and its subsidiaries sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Lead Case No. 19-11179) on May 28, 2019. The cases were transferred
to the U.S. Bankruptcy Court for the Western District of Oklahoma
on June 21, 2019.  White Star Petroleum Holdings' case was assigned
a new case number (Case No. 19-12521).   

At the time of the filing, the Debtors were estimated to have
assets of between $500 million and $1 billion and liabilities of
between $100 million and $500 million.

Judge Janice D. Loyd oversees the cases.

The Debtors tapped Sullivan & Cromwell LLP as bankruptcy counsel;
Morris, Nichols, Arsht & Tunnell LLP as Sullivan's co-counsel;
Guggenheim Securities, LLC as investment banker; Alvarez & Marsal
North America, LLC as restructuring advisor; and Kurtzman Carson
Consultants LLC as claims and noticing agent.


WINE UTOPIA: Seeks to Hire Tranzon Auction as Auctioneer
--------------------------------------------------------
Wine Utopia, LLC, seeks authority from the U.S. Bankruptcy Court
for the District of New Jersey to employ Tranzon Auction
Properties, as auctioneer to the Debtor.

Wine Utopia requires Tranzon Auction to provide the following
services:

   -- Auction set-up: inventory, photography and
      cataloging of items;

   -- Removal supervision: auctioneer will supervise removal of
      property.

   -- Advertising and marketing: an intensive online marketing
      program will take place immediately upon engagement.

Tranzon Auction will be paid 15% buyer's premium.

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

John M. Dobos, partner of Tranzon Auction Properties, 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.

Tranzon Auction can be reached at:

     John M. Dobos
     Tranzon Auction Properties
     93 Exchange Street
     PO Box 4508
     Portland, Maine 04112-4508
     Tel: (207) 775-4300

                        About Wine Utopia

Privately held wholesalers of wines and liquors F & T Spirits
Enterprises Inc. and Wine Utopia, LLC, sought Chapter 11 protection
(Bankr. D.N.J. Case No. 19-32364 and 19-32365) on Nov. 27, 2019.
The entities are owned by the Helmkas.

The cases are jointly administered under Case No. 18-32272. Judge
Christine M. Gravelle is the presiding judge.

The Debtors tapped Melinda D. Middlebrooks, Esq., at Middlebrooks
Shapiro, P.C., as counsel.


ZOTEC PARTNERS: Moody's Raises CFR to B2, Outlook Stable
--------------------------------------------------------
Moody's Investors Service upgraded Zotec Partners, LLC Corporate
Family Rating to B2 from B3 and its Probability of Default Rating
to B2-PD from B3-PD. Moody's also upgraded the company's rating on
the senior secured credit facilities to B2 from B3. The outlook is
stable.

Upgrades:

Issuer: Zotec Partners, LLC

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

Corporate Family Rating, Upgraded to B2 from B3

Senior Secured Bank Credit Facility, Upgraded to B2 (LGD3) from B3
(LGD3)

Outlook Actions:

Issuer: Zotec Partners, LLC

Outlook, Remains Stable

RATINGS RATIONALE

The rating upgrade reflects Zotec's improved credit metrics,
double-digit revenue growth rates and its expectation for balanced
financial policies. Zotec experienced four years of high customer
attrition following the acquisition of Medical Management
Professionals in 2013, but the company stabilized its legacy client
base and delivered double-digit revenue growth rates in 2018 and
2019. Credit metrics have improved above previous expectations,
driven by strong top-line performance. Leverage has decreased from
over 7x in 2017 to roughly 5x (Moody's adjusted, including
capitalized software costs as an expense) and free cash flow to
debt was above 5% as of September 2019, reflecting an improved
credit profile. Moody's anticipates this trend will continue over
the next 12-18 months, driven by favorable industry dynamics and
the expectation for balanced financial policies, which supports the
rating upgrade.

Zotec competes in the medical revenue cycle management ("RCM")
marketplace with leading technology solutions that increase
efficiency and support high margins, as the company increases its
scale. A largely predictable recurring revenue model, afforded by
exclusive contracts as well as solid rates of profitability,
provide ratings support. However, the credit profile is constrained
by Zotec's niche product focus, client concentration among
radiology clients, small scale with about $210 million of revenue
as of September 2019 and high (albeit decreasing) debt/EBITDA
leverage at about 5x. Compared to larger and more diversified RCM
competitors, Zotec presents a smaller scale and a narrower product
focus. Recent sizeable client wins outside of the radiology segment
will contribute to growth in other verticals and provide some
diversification, but the implementation of these large contracts
could pressure profitability in the near term and creates some
integration risks.

The B2 rating on Zotec's senior secured credit facilities reflect
both the B2-PD Probability of Default rating and the loss given
default assessment of LGD3. Because there is no other meaningful
debt in the capital structure to absorb potential losses, the
rating on the senior secured credit facilities is in line with the
B2 Corporate Family Rating.

Moody's expects the company will maintain good liquidity, with at
least $10 million of cash at all times and sufficient positive free
cash flow to finance cash obligations, including maintenance capex,
extraordinary one-time capex to finance new corporate headquarters
and the annual term loan amortization rate. The undrawn $20 million
revolving credit facility is expected to be fully available over
the next 12 months. Moody's anticipates Zotec will remain in
compliance with the terms of the covenants in its credit agreement,
keeping an ample cushion.

The stable outlook reflects Moody's expectation over the next 12 to
18 months for revenue growth above 10% and slightly lower margins
as Zotec implements large contract wins. A strong top line will
continue to support free cash flow and reduce leverage towards 4x
(Moody's adjusted).

The ratings could be upgraded if Moody's expects 1) sustained
revenue growth and increasing scale; 2) debt to EBITDA to remain
below 3x; 3) free cash flow to debt to remain above 10% (all
metrics Moody's adjusted); 4) good liquidity; and 5) conservative
financial policies.

The ratings could be downgraded if 1) revenue, profits or free cash
flow do not grow as expected; 2) debt to EBITDA is expected to
remain above 5x; 3) free cash flow to debt is expected to be
sustained below 5% (all metrics Moody's adjusted); or 4) liquidity
becomes diminished.

The principal methodology used in these ratings was Software
Industry published in August 2018.

Zotec, based in Carmel, IN, provides technology-enabled revenue
cycle management services to the healthcare industry. Zotec's
software solutions and services focus on the billing and collection
of payments on behalf of specialty practices, including
hospital-based radiology, emergency medicine, and anesthesiology,
as well as other office-based physician practices. The company
serves more than 18,000 physicians in all 50 states. Zotec is owned
primarily by its founder and CEO, T. Scott Law, Sr. Over the
12-month period ending September 2019, Zotec generated $210 million
in revenue.


[*] James Lukenda Appointed as New AIRA Executive Director
----------------------------------------------------------
The Board of the Association of Insolvency and Restructuring
Advisors (AIRA) on Jan. 27 disclosed that James M. Lukenda, CIRA,
has succeeded Thomas A. Morrow, CIRA, as AIRA Executive Director
effective January 1, 2020.

Mr. Lukenda is a long time AIRA member having joined the
Association in 1989 and previously serving the AIRA membership as
president, chairman, and as a board member.  He has been the holder
of AIRA's Certified Insolvency and Restructuring Advisor (CIRA)
certification since 1993.

Prior to joining the AIRA staff, Lukenda was a founding Managing
Director at Huron Consulting Group (Huron), where he focused his
practice on bankruptcy, litigation, and restructurings.  He has
significant experience representing debtors, lenders, secured and
unsecured creditors, creditors' committees, and acquirers of assets
in chapter 11 bankruptcies and out-of-court work-outs.  

Mr. Lukenda began his career as an auditor with Arthur Andersen &
Co. (AA) in Washington, D.C. and concluded his tenure as a partner
in AA's Corporate Recovery Services practice before moving to
Huron.  He received his BSBA cum laude from Georgetown University
School of Business Administration.

"Jim is perfectly suited to lead AIRA, and AIRA is fortunate to
have selected him as Executive Director," said Mr. Morrow, who,
with his retirement, is concluding four years as the second
Executive Director since AIRA's founding.

The Association of Insolvency and Restructuring Advisors (AIRA) --
http://www.aira.org-- is a nonprofit professional association
serving financial advisors, accountants, crisis managers, business
turnaround consultants, lenders, investment bankers, attorneys,
trustees and other individuals involved in the fields of business
turnaround, restructuring, bankruptcy and insolvency.  AIRA's
mission is to (i) Unite and support professionals providing
business turnaround, restructuring and bankruptcy services, and
(ii) Develop, promote and maintain professional standards of
practice, including a professional certification through its CIRA
and CDBV programs.


[*] Thompson Hine Elects Nine New Partners
------------------------------------------
Thompson Hine LLP has elected nine new partners, effective January
1, 2020.  The new partners, located across four of the firm's
offices, represent a broad range of practice areas, including
Business Litigation, Business Restructuring, Creditors' Rights &
Bankruptcy, Commercial & Public Finance, Corporate Transactions &
Securities, Government Contracts, Privacy & Cybersecurity and Real
Estate.

"These future leaders of our firm exhibit outstanding skill in
their practice areas and embrace the innovative ideas that drive
our commitment to providing enhanced value to clients.  Each of
them is dedicated to helping clients achieve their business goals
by efficiently and transparently delivering exceptional legal
services.  We are proud to welcome these attorneys to our
partnership," said Deborah Z. Read, Thompson Hine's managing
partner.

The new partners are:

Thomas R. Butchko is a member of the Commercial & Public Finance
practice group in Cleveland.  He focuses his practice on the
development, negotiation and documentation of senior and
subordinated credit facilities, asset-based loans, senior and
mezzanine debt placements, acquisition financing, structured
finance transactions and other complex financing transactions
involving banks and other financial institutions, as well as public
and private companies.  He was selected for inclusion in The Best
Lawyers in America(R) 2020.  Mr. Butchko earned his J.D. from The
Ohio State University Moritz College of Law and his B.A., magna cum
laude, Phi Beta Kappa, from the University of Cincinnati.

Angela Ceccarelli Daniele is a member of the Real Estate practice
group in Dayton.  She focuses her practice on a wide range of real
estate matters, including commercial real estate acquisitions and
dispositions, and industrial, retail and office leasing.
Ms. Daniele received her J.D., cum laude, from the University of
Dayton School of Law and her B.S., magna cum laude, from Eastern
Kentucky University.

Jim Henderson is a member of the Business Restructuring, Creditors'
Rights & Bankruptcy practice group in Cleveland.  He focuses his
practice on representing secured lenders in workouts, Uniform
Commercial Code issues, and other bankruptcy, finance and
commercial law matters.  Mr. Henderson received his J.D., cum
laude, from the Case Western Reserve University School of Law and
his B.A. from College of the Holy Cross.

Andrea R. McCarthy is a member of the Corporate Transactions &
Securities practice group in Cleveland.  Her practice focuses on
advising public companies on securities and general corporate
matters, including federal and state securities law filings and
compliance.  She has experience with a variety of transactions,
including follow-on and secondary offerings, initial public
offerings, private placements, venture capital financings and
public and private company mergers and acquisitions.  Ms. McCarthy
earned her J.D., cum laude, from the Case Western Reserve
University School of Law and her B.A. from John Carroll
University.

George B. Musekamp is a member of the Business Litigation practice
group in Cincinnati. He has experience in a wide range of
substantive litigation matters, with a focus on commercial contract
disputes, real estate and construction disputes, defense of
employers in claims of discrimination and retaliation, enforcement
of employment agreements, and protection of trade secret
information.  He has been included on the Ohio Super Lawyers(R)
Rising Stars list from 2018-2020.  Mr. Musekamp received his J.D.,
magna cum laude, from the University of Cincinnati College of Law
and his B.S. from Miami University.

Alexandra Chanin Nelson is a member of the Business Litigation
practice in Atlanta.  She also serves as the Atlanta chair of
Thompson Hine's Spotlight on Women program.  Ms. Nelson works
extensively with small privately held companies and large publicly
held companies on a variety of product liability and business
matters.  She has significant experience handling complex business
litigation matters, including securities and shareholder
litigation, real estate matters, matters involving post-employment
obligations and product liability litigation in connection with
claims related to large tort matters involving fuel gas.  She was
included on the Georgia Super Lawyers(R) Rising Stars list in 2018
and 2019.  Ms. Nelson received her J.D., with honors, from the
Emory University School of Law and her B.A., cum laude, from Tulane
University.

Emma Off is a member of the firm's Corporate Transactions &
Securities practice in Cincinnati.  Ms. Off is an experienced
transactional attorney with a broad-based general corporate and
securities background.  Ms. Off counsels U.S. and international
public and private companies across various industries on matters
involving complex commercial arrangements, reorganizations,
mergers, acquisitions and divestitures, joint ventures, entity
formation and corporate governance, fiduciary matters, and capital
raising and investment.  She was selected for inclusion in The Best
Lawyers in America(R) 2020 and included on the Ohio Super
Lawyers(R) list of Rising Stars from 2018-2020.  Ms. Off received
her J.D., with honors, from the University of Cincinnati College of
Law and her B.A., summa cum laude, Phi Beta Kappa, from the
University of Kentucky.

Thomas M. Ritzert is a member of the Business Litigation practice
in Cleveland. His practice focuses on complex business litigation
and dispute resolution.  Mr. Ritzert has represented clients in
cases involving fiduciary relationships; shareholder disputes;
business torts; trade secret, non-compete, copyright and Lanham Act
controversies; commercial and contract disputes; and property
matters, including condemnation proceedings and disputes regarding
use of commercial real estate.  He also has significant experience
defending corporations and directors in class and derivative
shareholder actions challenging mergers, acquisitions and tender
offers.  He was included on the Ohio Super Lawyers(R) Rising Stars
list from 2016-2019.  Mr. Ritzert earned his J.D. from the
University of Michigan Law School and his B.A. from Bluffton
University.

Steven G. Stransky is a member of the Privacy & Cybersecurity
practice group.  He is based in Cleveland and Washington, D.C., and
advises clients on complex national and international privacy and
information security issues.  He assists clients in devising
strategies to assess and mitigate cybersecurity risks and in
maintaining compliance with federal, state and foreign laws and
regulations governing data privacy and security.  In addition, Mr.
Stransky defends clients' interests in litigation and government
enforcement actions in the areas of data privacy and cybersecurity
and assists defense contractors and other private sector businesses
with satisfying federal cybersecurity standards. Prior to joining
Thompson Hine, Mr. Stransky spent 10 years serving in the federal
government, including as deputy legal adviser on the President's
National Security Council and an attorney at the U.S. Department of
Homeland Security, where he oversaw the department's foreign
intelligence, counterintelligence and cybersecurity intelligence
activities.  Mr. Stransky received his LL.M. from Georgetown
University Law Center, his J.D. from the University of Akron School
of Law and his B.A. from The Ohio State University.

                      About Thompson Hine LLP

Thompson Hine LLP, a full-service business law firm with
approximately 400 lawyers in 8 offices, was ranked number 1 in the
category "Most innovative North American law firms: New working
models" by The Financial Times and was 1 of 7 firms shortlisted for
The American Lawyer's inaugural Legal Services Innovation Award.
Thompson Hine has distinguished itself in all areas of Service
Delivery Innovation in the BTI Brand Elite, where it has been
recognized as one of the top 4 firms for "Value for the Dollar" and
"Commitment to Help" and among the top 5 firms "making changes to
improve the client experience."  The firm's commitment to
innovation is embodied in Thompson Hine SmartPaTH(R) -- a smarter
way to work -- predictable, efficient and aligned with client
goals.  For more information, please visit ThompsonHine.com and
ThompsonHine.com/SmartPaTH.



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2020.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

                   *** End of Transmission ***