/raid1/www/Hosts/bankrupt/TCR_Public/200131.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, January 31, 2020, Vol. 24, No. 30

                            Headlines

1100 STATE STREET: Epiphany Says Settlement Talks Ongoing
1568A PROSPECT: Seeks to Hire Poltielov & Habib as Legal Counsel
5 STONE PRODUCTS: Voluntary Chapter 11 Case Summary
AFGO DEVELOPMENT: Supplements Proposed Wunderlich Property Sale
AIS CONSTRUCTION: Seeks to Hire Nelson Comis as Legal Counsel

ALCHEMY US HOLDCO 1: Moody's Affirms 'B2' CFR, Outlook Stable
ALLEN MEDIA: Moody's Affirms 'B2' CFR, Outlook Stable
AMERICANN INC: Bask Obtains 2 Additional Retail Licenses from CCC
ANDREW N. KORNSTEIN: Cohens Buying New York Property for $493K
APELLIS PHARMACEUTICALS: Wellington Reports 6.92% Stake

APG SUBS: Ray's Subway Proposes Middletown Store Assets Auction
APG SUBS: Unsecured Creditors to Recover 3% in Plan
ARCACHON PARTNERS: Plan & Disclosure Motion Hearing Reset to Feb. 5
ARCONIC CORP: S&P Rates $400MM Second-Lien Notes 'B+'
ASP UNIFRAX: Moody's Confirms B3 CFR, Outlook Negative

ASPEN LANDSCAPING: Allowed to Use Cash Collateral on Final Basis
AUTOCANADA INC: S&P Alters Outlook to Stable, Affirms 'B' ICR
BAHIA DEL SOL: Triangle Asks Time to Finalize Stipulation on Sale
BEAVER'S DAIRY: Court Bars Access to Farm Credit Cash Collateral
BLUESTEM BRANDS: Moody's Withdraws Caa2 CFR Due to Lack of Info

BLUESTEM BRANDS: S&P Downgrades ICR to 'CCC-'; Outlook Negative
BURL SCROGGS: Saint Isidore Buying Moore-Hartley Property for $1.6M
CALFRAC HOLDINGS: Moody's Lowers CFR to Caa2, Outlook Stable
CARECENTRIX INC: Moody's Cuts CFR to B2 & Alters Outlook to Neg.
CASTLE US: S&P Rates $300MM Sr. Unsecured Notes 'CCC'

CEN BIOTECH: Market Maker Files 15c211 with FINRA
CENTER OF ORLANDO: Allowed to Use Cash Collateral on Interim Basis
CHRISTOPHER'S PLACE: Plan & Disclosures Due March 17, 2020
CHRISTOPHER'S PLACE: Seeks Approval to Hire Bankruptcy Attorney
COGECO COMMUNICATION: S&P Upgrades ICR to 'BB'; Outlook Stable

CONSIS INTERNATIONAL: Feb. 26 Plan & Disclosure Hearing Set
CORALREEF PRODUCTIONS: To Seek Plan Approval Feb. 26
CROSSROADS COLLISION: Seeks to Hire Dean W. Greer as Legal Counsel
D.J. GUZZARDO: Seeks to Hire Phillip K. Wallace as Legal Counsel
DELMAR SUBS: Proposes an Auction Sale of Elkon Assets

DELOREAN SERVICE: Unsecureds to Get 10% in 5 Years in Plan
DELPHI TECHNOLOGIES: Fitch Puts BB LT IDR on Rating Watch Positive
DELPHI TECHNOLOGIES: S&P Places 'BB-' ICR on CreditWatch Positive
DESERT LAND: Trustee Proposes an Auction of Assets
DISTINGUISHED KITCHENS: Final Cash Collateral Order Entered

DOUBLE L FARMS: Feb. 18 Hearing on Amended Disclosures
DURA AUTOMOTIVE: Proposes Sale-Based Chapter 11 Plan
EAGLE SUPER: S&P Withdraws 'CCC+' Issuer Credit Rating
ELANCO ANIMAL: S&P Affirms 'BB+' ICR; Rating Remains on Watch Neg.
ELITE INVESTMENT: Taps Bankruptcy Legal Center as Counsel

EMPRESA LOCAL: April 1 Hearing on Disclosure Statement
EP ENERGY: Unsec. Creditors to Recover 3.46% in Plan
ERA GROUP: S&P Affirms 'B-' ICR, Alters Outlook to Stable
EVEREADY SERVICES: Seeks to Hire Eric A. Liepins as Legal Counsel
FLEETSTAR LLC: DLL Says Wants More Details of Treatment of Claims

FLEETSTAR LLC: U.S. Trustee Looking for Liquidation Analysis
FLEETSTAR LLC: Volvo Questions Truck Auction, Plan Releases
FLORIDA CLEANEX: March 10 Hearing Plan & Disclosures Set
FRANKLIN NYC: Franklin Hotel Buying All Assets for $550K Cash
GAMBOA BROTHERS: 49 Unsecureds to Split $45,000 of Sale Proceeds

GELTECH SOLUTIONS: Chairman Reger to Stop Providing Funding
GIGAMON INC: Moody's Affirms B3 CFR, Outlook Stable
GREAT SOUTHERN: April 1, 2020 Plan Confirmation Hearing Set
GREENWAY SERVICES: Amended Disclosures Resolves Objections
GREENWAY SERVICES: March 5 Hearing on Disclosure Statement

GREGORY L MOLDEN: Feb. 18 Hearing on Disclosure Statement Set
H.R.P. II: Feb. 25 Disclosure Statement Hearing Set
HIGH BRASS FARM: Plan Depends on Litigation vs. Boa, NJ Title
HILL & HILL: To Seek Plan & Disclosures Approval March 11
HILL & HILL: Unsecured Creditors to Recover 40% in Plan

HOSPITAL ACQUISITION: No Distributions for Unsecureds in Plan
IHS MARKIT: Moody's Affirms Ba1 CFR & Alters Outlook to Positive
INTERIM HEALTHCARE: Sets Bidding Procedures for All Assets
JANE STREET: S&P Rates $1.5BB Senior Secured Term Loan 'BB-'
JM GRAIN: North Dakota Ag Department Objects to Amended Disclosures

K3D PROPERTY: Seeks to Hire Lucove Say as Accountant
K3D PROPERTY: Seeks to Hire Stephan Wright as Counsel
LAWSON NURSING: UST, Case Trustee Say PCO Not Necessary
LEVEL SOLAR: Project Funds Say Pell-QED Plan Highly Questionable
LIT'L PATCH: To Seek Plan Confirmation on Feb. 25

LIT'L PATCH: Unsecureds to Have 59% Recovery Under Plan
LOST D VENTURES: Seeks to Hire Steidl and Steinberg as Counsel
M&T BRYANT: Voluntary Chapter 11 Case Summary
MCP REAL ESTATE: To Seek Confirmation of Amended Plan March 4
MEDIQUIRE INC: Case Summary & 20 Largest Unsecured Creditors

MELINTA THERAPEUTICS: Unsecureds Out of Money in Debt/Equity Swap
MICHAEL FELICE: Case Summary & 20 Largest Unsecured Creditors
MRS. G'S LOUNGE: To Seek Plan & Disclosures Approval Feb. 25
NOTOX TECHNOLOGIES: Has CAD242.9-Mil. Loss for Nov. 30 Quarter
O'LINN SECURITY: Unsecureds to Receive $270K Over 5 Years

OVINTIV INC: Moody's Assigns 'Ba1' CFR, Outlook Positive
PAUL LOGSDON: Unsec. Creditors to Recover 25% in Plan
PINE CREEK MEDICAL: Feb. 20 Plan Confirmation Hearing Set
POLA SUPERMARKET: Seeks Approval on Cash Collateral Stipulation
PRINCETON AVENUE: To Seek Plan Confirmation Feb. 20

PTC INC: Moody's Affirms 'Ba2' CFR, Outlook Negative
PURPLE SHOVEL: Debtor Wants Corrections to Trustee's Plan Outline
QUEST UNIVERSITY: Restructuring Under CCAA; PwC Named Monitor
RADIO DESIGN: Interim Cash Collateral Use Until April 30 Okayed
RELIABLE GALVANIZING: Administrative Claimants May Not Get 100%

RITE AID: S&P Rates New $600MM Senior Secured Notes 'CCC-'
RIVERBEND FOODS: Unsecureds to Have Less Than 1% in Plan
ROMANS HOUSE: Court Directs U.S. Trustee to Appoint PCO
RUI HOLDING: Court Approves Disclosure Statement
RUI HOLDING: Unsecureds Projected to Recover 0% in Plan

RUSTIC STEEL: To Seek Plan Approval on Feb. 24
RWP HOMES: To Seek Plan & Disclosures Nod March 24
S C BHAIRAB INC: Allowed to Use Cash Collateral Until Feb. 29
S&D LONGHORN: New Dawn Objects to Disclosure Statement
SALSGIVER INC: Feb. 20 Hearing on 2nd Amended Disclosures

SANUWAVE HEALTH: Signs Joint Venture Agreement with Universus
SBL HOLDINGS: Fitch Assigns BB(EXP) Rating on New Preferred Stock
SCHAEFER AMBULANCE: Howser Buying Costa Mesa Property for $811K
SFP CANADA: To Wind-Down Business Under CCAA
SHOPFACTORYDIRECT INC: March 12 Hearing on Plan & Disclosures Set

SIMPLICITY CATERERS: Unsec. Creditors to Recover 10% in Plan
SKYFUEL INC: Proposes Auction Sale of All Assets
SOUTHEASTERN METAL: Judge Kaplan to Mediate on Plan Issues
SPRINT CORP: Fitch Rates $1BB Jr. Guaranteed Notes BB, on Watch Pos
SPRINT CORP: Moody's Assigns B1 Rating on $1BB Unsec. Notes

STEPHANIE'S TOO: Court Allows AHFCU to Cast Unsecured Ballot
SUNPOWER CORP: Wellington, et al. Have 7.39% Stake as of Dec. 31
TARGA RESOURCES: S&P Alters Outlook to Stable, Affirms 'BB' ICR
THEE TREE HOUSE: April 20, 2020 Deadline for Plan and Disclosures
THREE DOUGH: Seeks and Wins Final Nod on Cash Collateral Use

VALLEY ECONOMIC: Bank Wants Details of Property Transfer in Plan
VIZIENT INC: Moody's Raises CFR to Ba3, Outlook Stable
WILSON COLLEGE: Fitch Affirms BB Rating on $34MM Educational Bonds
YIPPIEKIYAY SYSTEMS: Feb. 19 Plan Confirmation Hearing Set
[^] BOOK REVIEW: Bankruptcy and Secured Lending in Cyberspace


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1100 STATE STREET: Epiphany Says Settlement Talks Ongoing
---------------------------------------------------------
Epiphany Fellowship of Camden NJ through counsel, Gorski & Knowlton
objects to the adequacy of the information contained in the
Disclosure Statement.

Due to the dispute between the Debtor and the secured creditor, PNC
Bank monthly rent of $1,500 has been placed in our firm's trust
since account since the filing.  Including the check deposited
January 2 of $12,000 is in the firm's trust account pending Court
Order or settlement between the Debtor, PNC Bank and Epiphany.

Although a settlement has been discussed between Epiphany and the
Debtor, and a separate settlement has been discussed between PNC
Bank and the Debtor, both settlements would have to be documented
and noticed to all creditors for approval.  Counsel is uncertain as
to the status of the settlement between the Debtor and PNC Bank
contained in the Disclosure Statement but the often-discussed
settlement between the Debtor and Epiphany has not yet been reduced
to writing and noticed to creditors.

A full-text copy of Epiphany Fellowship's objection dated January
9, 2020, is available at https://tinyurl.com/vc5u4ry from
PacerMonitor.com at no charge.

Epiphany Fellowship is represented by:

       Gorski & Knowlton PC
       Allen I. Gorski, Esquire
       311 Whitehorse Ave, Suite A
       Hamilton, New Jersey 08610
       Tel: (609) 964-4000
       Fax: (609) 585-2553
       E-mail: agorski@gorskiknowlton.com

                     About 1100 State Street

1100 State Street, LLC, owns real estate commonly known as 1100
State Street,  Camden, New Jersey. There is one building which is
leased to six tenants. The principal of the business is Tyrone
Pitts, who is the sole member.

1100 State Street sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 19-15567) on March 19,
2019. The case is assigned to Judge Andrew B. Altenburg Jr.  Kasen
& Kasen, P.C., is the Debtor's counsel.


1568A PROSPECT: Seeks to Hire Poltielov & Habib as Legal Counsel
----------------------------------------------------------------
1568A Prospect Place, Inc., seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to hire Poltielov &
Habib, LLP as its legal counsel.

The firm will advise the Debtor of its rights and duties under the
Bankruptcy Code; oversee the preparation of necessary reports to
the court or creditors; conduct investigation or litigation; and
provide other legal services in connection with its Chapter 11
case.

Poltielov & Habib charges an hourly fee of $300.  The retainer fee
is $8,000.

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

The firm can be reached through:

     Ehsanul Habib, Esq.
     Poltielov & Habib, LLP
     118-21 Queens Boulevard, Suite 603
     Forest Hills, NY 11375
     Phone: (718) 520-0085
     Fax: (718) 520-0155
     Email: ehsanulhbb@yahoo.com

                    About 1568A Prospect Place

1568A Prospect Place, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 19-47298) on Dec. 4,
2019.  At the time of the filing, the Debtor disclosed assets of
between $500,001 and $1 million and liabilities of the same range.
Judge Elizabeth S. Stong oversees the case.  Poltielov & Habib,
LLP, is the Debtor's legal counsel.


5 STONE PRODUCTS: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: 5 Stone Products, LLC
        6819 County Road 15
        Wedowee, AL 36278

Business Description: 5 Stone Products, LLC is a privately held
                      company engaged in the business of
                      nonmetallic mineral mining and quarrying.

Chapter 11 Petition Date: January 29, 2020

Court: United States Bankruptcy Court
       Middle District of Alabama

Case No.: 20-80143

Judge: Hon. William R. Sawyer

Debtor's Counsel: Ralph K. Strawn, Jr., Esq.
                  STRAWN & ROBERTSON, LLC
                  2401 Rainbow Drive
                  Gadsden, AL 35901
                  Tel: (256) 459-4548
                  E-mail: rstrawn@srlawfirm.comcastbiz.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jimmy Hutton, sole member.

The Debtor did not file a list of its 20 largest unsecured
creditors together with the petition.

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

                      https://is.gd/h824TV


AFGO DEVELOPMENT: Supplements Proposed Wunderlich Property Sale
---------------------------------------------------------------
Ronald J. Sommers, the Chapter 11 Trustee for AFGO Development Co.,
Inc., filed with the U.S. Bankruptcy Court for the Southern
District of Texas a supplement of his proposed sale of the real
property located at 14960 Wunderlich, Spring, Texas to Lewis Full
Spectrum Real Estate, LLC or its proposed assignee, Wunderlich
Development, LLC, or any other proposed assignee, for $775,000.

Objections, if any, must be filed within 21 days from the date of
service.

On Dec. 19, 2019, the Trustee received a title commitment from the
title company.  On the title commitment, a "Notice of Lien" was
listed in favor of Mitchell Fitzhenry.  The Trustee disputes the
validity of the Notice of Lien.  On Dec. 20, 2019, the counsel for
the Trustee sent a demand to Mr. Fitzhenry to remove release the
Notice of Lien.

Travis Hudson, a representative of the Debtor, advised the Trustee
that he borrowed money from Mr. Fitzhenry for a project called
"Oakview Farms" and offered to repay him out of Oakview Farms or
from the sales proceeds relating to the "Louetta 7 acres."  Mr.
Hudson never had any conversations or signed any documentation with
Mr. Fitzhenry relating to the Wunderlich tract.  Mr. Fitzhenry
eventually filed a lien on the Louetta 7 acres and the Wunderlich
tract via Exhibit A. He purportedly tied the two together because
Mr. Fitzhenry's significant other was the real estate agent
representing both properties at the time.

Mr. Hudson was able to close around the Louetta 7-acre sale by
bonding around the Notice of Lien through the title company.  The
new owner of the Louetta 7 aces then filed suit against Mr.
Fitzhenry to invalidate the lien.  Mr. Fitzhenry lost the
litigation and the lien was deemed invalid as to the Louetta 7
acres.  Mr. Hudson represented to the Trustee that Mr. Fitzhenry
lost the litigation relating to the Louetta 7 acres because he does
not have a deed of trust or any security agreement to serve as a
basis for a lien.  

The Trustee proposes to sell the Wunderlich Property to the
Purchaser free and clear of liens, claims, encumbrances, and other
interests.

The Trustee asks the Court to waive the 14-day stay imposed by
Bankruptcy Rule 6004(h).

AFGO Development Company, Inc., filed a voluntary Chapter 11
petition (Bankr. S.D. Tex. Case No. 19-35506) on Sept. 30, 2019.
The Debtor is represented by:

     Reese W. Baker, Esq.
     950 Echo Lane, Suite 300
     Houston, TX 77024
     Tel: 713-869-9200

Counsel for Capital Bank:

     Mynde S. Eisen, Esq.
     P.O. Box 630749
     Houston, Texas 77263
     Tel: 713-266-2955


AIS CONSTRUCTION: Seeks to Hire Nelson Comis as Legal Counsel
-------------------------------------------------------------
AIS Construction Company seeks approval from the U.S. Bankruptcy
Court for the Central District of California to hire Nelson Comis
Kettle & Kinney LLP as its legal counsel.
   
Nelson Comis will provide these services in connection with the
Debtor's Chapter 11 case:

     (1) advise the Debtor regarding compliance with the
requirements of the Office of the U.S. Trustee;

     (2) advise the Debtor regarding matters of bankruptcy law;

     (3) assist in the preparation of reports, accounts and
pleadings;

     (4) advise the Debtor concerning the requirements of the
Bankruptcy Code and applicable rules; and

     (5) assist in the negotiation, formulation, confirmation and
implementation of a Chapter 11 liquidating plan.
  
The firm will be paid at these rates:

     Partners                  $350 - $475 per hour
     Paralegals                $125 - $175 per hour
     Legal Assistants           $75 - $100 per hour
     Litigation Clerks/Aides       $60 per hour

The firm received from the Debtor a retainer of $15,375.  

William Winfield, Esq., a partner at Nelson Comis, disclosed in
court filings that his firm does not have interests materially
adverse to the interests of the Debtor's estate, creditors and
equity security holders.

Nelson Comis can be reached through:

     William E. Winfield, Esq.
     Nelson Comis Kettle & Kinney LLP
     300 East Esplanade Dr., Suite 1170
     Oxnard, CA 93036
     Tel: 805-604-4106
     Email: wwinfield@calattys.com

                  About AIS Construction Company

AIS Construction Company, a commercial and office building
contractor in Ventura, Calif., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 20-10065) on
Jan. 17, 2020.  At the time of the filing, the Debtor disclosed
$38,197 in assets and $1,426,690 in liabilities.  Judge Deborah J.
Saltzman oversees the case.  Nelson Comis Kettle & Kinney LLP is
the Debtor's legal counsel.


ALCHEMY US HOLDCO 1: Moody's Affirms 'B2' CFR, Outlook Stable
-------------------------------------------------------------
Moody's Investors Service affirmed Alchemy US Holdco 1, LLC's
ratings including a B2 Corporate Family Rating, a B2-PD Probability
of Default Rating and a B2 rating of the Senior Secured Term Loan
B. The outlook is stable. Kymera is upsizing its existing $234
million first lien term loan B by $165 million. Proceeds from the
incremental term loan together with $80 million cash contribution
from the sponsor, Palladium Equity Partners, will be used to fund
the acquisition of AMETEK, Inc's (unrated) Reading Alloys business
for a total consideration of $250 million and to pay related
transaction fees and expenses.

Outlook Actions:

Issuer: Alchemy US Holdco 1, LLC

Outlook, Remains Stable

Affirmations:

Issuer: Alchemy US Holdco 1, LLC

Probability of Default Rating, Affirmed B2-PD

Corporate Family Rating, Affirmed B2

Senior Secured Bank Credit Facility, Affirmed B2 (LGD4)

The ratings are subject to the transaction closing as proposed and
receipt and review of the final documentation.

RATINGS RATIONALE

Kymera's B2 corporate family rating reflects its relatively stable
EBITDA generation and modest capital intensity supporting the
EBITDA conversion to free cash flow, its variable cost structure
and countercyclical nature of working capital supporting the
performance during periods of falling volumes and metal prices. The
rating is also supported by management's strategy to enhance
profitability by moving the product mix toward more value-added
products and by a pass-through provision in a substantial portion
of the company's contracts lending some stability to the financial
performance. The rating also benefits from high industry barriers
to entry, broad geographic and customer diversity within mostly
industrial end-markets and good liquidity. Kymera's rating is
constrained by the company's high financial leverage, modest scale
and moderate organic growth prospects in several end-markets it
serves.

Kymera performance is highly dependent on cyclical industrial,
automotive and chemical end-markets. However, by acquiring Reading,
a leading supplier of titanium master alloys, titanium powders and
thermal barrier coatings to the aerospace and medical industries,
Kymera will expand its product offering and improve its end market
diversity by significantly increasing its exposure to highly
specialized, regulated, heavily contracted and relatively more
stable aerospace and defense end markets. The acquisition,
notwithstanding the current situation with Boeing 737 MAX aircraft,
positions the company to capitalize on longer-term growth
opportunities associated with lightweighting trends and the
expected increase in titanium usage in aerospace and defense
sectors. The addition of Reading's higher-margin products should
also notably increase the share of higher value-added products in
Kymera's portfolio, helping the company potentially grow revenues
above GDP rates and improve profitability. Adjusted EBITDA margins,
on a pro forma basis for the transaction, are expected to rise
above the 15% threshold typically associated with specialty
chemical companies.

Kymera will also benefit from a moderately larger scale and will
have a greater exposure to North America than to Europe and the
rest of the world combined. That said, despite serving a diverse
customer base, after the acquisition, Kymera will have a higher
customer concentration with 40% of the gross profit to be generated
from top 10 customers as compared to 24% previously. The company
expects to derive meaningful synergies from the merger by combining
procurement, manufacturing, administrative and other functions and
by pursuing additional sales opportunities.

Moody's estimates adjusted interest coverage around 3 times
(EBITDA/Interest) and adjusted financial leverage about 5 times
(Debt/EBITDA) on a pro forma basis for the twelve months ended
December 31, 2019. Although Kymera's performance deteriorated in
the last few quarters as customers-specific events and the softness
in global economic conditions weighed on its financial results,
Moody's expects that Kymera's stand-alone operating and financial
performance will stabilize in 2020. This, along with the
contribution of Reading EBITDA and anticipated FCF generation that
could be used for debt reduction, should help reduce the leverage
to the range of 4.7x-4.9x over the next 12-18 months. The rating
does not incorporate expectations for meaningful discretionary debt
reduction in the medium term, but assumes that management will take
actions necessary to maintain appropriate credit metrics during an
economic downturn.

As an emerging specialty chemicals company, Kymera overall faces
moderate environmental, social and governance risks. However,
governance risk is above average due to private equity ownership,
which is expected to engage in shareholder-friendly activities and
M&A, potentially limiting the company's ability to consistently and
sustainably reduce financial leverage.

Kymera will have good liquidity to support operations with about $8
million in cash balances and $50 million available under the asset
based revolving credit facility (ABL) at the closing of the
transaction. Moody's expects that the ABL will remain undrawn
absent a substantive increase in aluminum or copper prices that
increases the company's net working capital position. The credit
agreement for the revolving credit facility only contains a
springing fixed coverage ratio based on the excess availability.
Moody's does not expect the covenant to be triggered in 2020 and,
if it was triggered, expects that the company would be able to
comply with a reasonable cushion. The first lien senior secured
term loan does not have any financial maintenance covenants.

The stable outlook assumes that the company will generate positive
free cash flow, excluding an unexpected period of significant
increases in metal prices, and maintain adjusted financial leverage
below 5.5 times over the next 12-18 months. Moody's could downgrade
the rating with expectations for adjusted financial leverage
sustained above 5.5 times, free cash flow tracking below 5% of
debt, or a substantive deterioration in liquidity. A debt-financed
return of capital to the sponsor or a material step-out acquisition
could also have negative rating implications. Moody's could upgrade
the rating with expectations for improved size and scale, adjusted
financial leverage sustained below 4.0 times, free cash flow to
debt sustained above 10%, and a commitment to more conservative
financial policies.

The principal methodology used in these ratings was Chemical
Industry published in March 2019.

Headquartered in North Carolina, Kymera produces non-ferrous metal
powders, with particular focus on copper and aluminum powder.
Following the closing of the transaction, the company will operate
10 plants spread across United States, Australia, China, Europe and
the Middle East serving diverse end-markets including aerospace,
industrials, chemicals, automotive and medical sectors.


ALLEN MEDIA: Moody's Affirms 'B2' CFR, Outlook Stable
-----------------------------------------------------
Moody's Investors Service affirms Allen Media, LLC's B2 Corporate
Family Rating, and upgrades the Probability of Default Rating to
B2-PD, from B3-PD in connection with the proposed refinancing to
repay the acquisition financing of the The Weather Channel and TV
broadcast assets of Bayou Broadcasting and fund the acquisition of
certain TV broadcast assets of USA Television. To fund the
transactions, including transaction fees and expenses, Allen Media
will use cash on hand and equity contributions, plus $830 million
in new debt proceeds which will consist of a proposed new 7-year,
$530 million first lien Term Loan B loan facility (due 2027) a new
5-year, $25 million senior secured first lien revolving credit
facility (due 2025), and an 8-year, $300 million Senior Unsecured
Note (due 2028). Moody's assigned a Ba3 rating to proposed senior
secured credit facilities, and a Caa1 to the proposed notes. The
outlook is stable. The existing B2 Senior Secured Credit Facility
rating will be withdrawn upon close of the transaction.

The senior secured credit facility is collateralized by a first
priority security interest in (a) all of the equity interests of
the borrower and each direct or indirect wholly-owned restricted
subsidiary of the borrower and (b) substantially all the tangible
and intangible assets of Holdings, the Company and each subsidiary
guarantor, in each case, whether owned on the closing date or
thereafter acquired; subject to certain exceptions. The facility is
guaranteed by Allen Media Holdings, LLC and each existing and
subsequently acquired or organized wholly-owned domestic subsidiary
of the Company. The notes are guaranteed by the same, excluding
Holdings. The assets of certain entities owned by Holdings,
including the special purpose entity (SPE) Entertainment Studios
P&A, LLC and its operating subsidiaries, Local Now, as well as
other entities are unavailable to creditors as collateral, and the
creditors of the SPEs have no recourse to the borrower, Allen
Media, LLC.

As proposed, the new credit facility is expected to provide
covenant flexibility that if utilized could negatively impact
creditors including (i) an incremental facility capacity not to
exceed (x) the greater of $180 million and 100% of adjusted EBITDA,
plus (y) an amount such that first lien net leverage does not
exceed closing date leverage (for pari passu debt); other
restrictions on junior secured or unsecured incremental facilities,
(ii) the ability to transfer assets subject to a blocker provision
limiting material intellectual property to unrestricted
subsidiaries, to the extent permitted under the investment baskets
and (iii) requirement that only wholly-owned subsidiaries act as
subsidiary guarantors, raising the risk that guarantees may be
released following a partial change in ownership (subject to
protective provisions for transfers to affiliates) . The credit
agreement requires 100% of net cash proceeds (= $4m per fiscal year
carved out) to be used to repay the credit facility, if not
reinvested, with no step-downs on the prepayment/reinvestment
requirement.

Upgrades:

Issuer: Allen Media, LLC

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

Assignments:

Issuer: Allen Media, LLC

  Gtd Senior Secured Bank Credit Facility, Assigned Ba3 (LGD2)

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

Outlook Actions:

Issuer: Allen Media, LLC

  Outlook, Remains Stable

Affirmations:

Issuer: Allen Media, LLC

  Corporate Family Rating, Affirmed B2

RATINGS RATIONALE

Allen Media, LLC's credit profile is constrained by its small
scale, exposure to linear Pay TV which is under secular pressure,
and the dependence on one media property, The Weather Channel.
Other credit risks include social, governance (with a very closely
owned and controlled company), and a less than conservative
financial policy that tolerates leverage that will rise to at least
5.25x (1 year, pro forma, estimated at year end 2019, Moody's
adjusted). Moody's also believes the credit agreement permits
incremental leverage, asset transfers/collateral leakage, and the
release of guarantees, subject to certain limitations. Supporting
the credit profile are strong media properties, the Weather Channel
and Broadcast TV. Combined with its 7 cable networks of
Entertainment Studio programming, the programming reaches over 150
million cumulative subscribers. The Weather Channel is a strong
brand, the leading weather news programming on Pay-TV, has broad
distribution in the US and predictably high viewership during
storms, maintaining demand among distributors and advertisers.
Allen also owns 15 big-4 affiliate TV stations in 11 markets. While
the DMA's are smaller, the stations are ranked #1 or #2 in 7
markets (based on revenue). The Broadcast assets generate strong
margins and cash flows, supported by strong retransmission fee
growth and advertising. Combined, Allen's revenue is somewhat
diversified, comprised primarily of advertising (political, core,
and digital), recurring/long-term contracted (broadcast)
retransmission fees and (cable net) affiliate fees, represent
approximately 45% of total revenue, and other revenue (e.g. license
and syndication fees, movie distribution, etc.). Allen also
benefits from an asset-lite business model, producing good
liquidity and cash flows.

Moody's rates the first lien senior secured credit facilities Ba3
(LGD2), two notches above the B2 CFR given its expectation for a
higher recovery than average with losses expected to be absorbed by
junior capital in the form of $300 million of unsecured notes.
Moody's rates the unsecured notes Caa1 given its subordination in
the capital structure. Its ratings assume a B2-PD Probability of
Default rating which implies an average recovery of approximately
50% in its default scenario, in the aggregate, across all creditors
given the mixed capital structure with both senior and junior claim
priorities. Estimated lease rejection claims and trade payables are
unrated, and do not affect the instrument level ratings given their
insignificance to the total quantum of obligations.

The stable rating outlook reflects Moody's expectations that
revenues will average near $440 million over the next 12-18 months.
Moody's assumes EBITDA margins will approximate 40%, generating
average EBITDA and free cash flows of near $175 million and near
$60 million respectively, before dividends and mandatory debt
amortization. Moody's projects free cash flows to debt (averaging
$850 million) will average near mid 7%, and leverage (Moody's
adjusted 2 year average) will average near 5x, but improve during
the next 12-18 months through a combination of modest EBITDA growth
and debt repayment. Key operating assumptions include organic rise
in both affiliate/retransmission and advertising revenues, driven
primarily by rate step-ups that will more than offset the
unfavorable impact from subscriber losses. Moody's also expects the
Company to maintain good liquidity.

Allen Media is exposed to certain social risks including evolving
demographic and societal trends that could negatively, or
positively affect the credit risk of the Company. In addition,
Moody's believes there is a moderate degree of governance risks
with the very closely controlled nature of the business which is
wholly-owned and controlled by the founder and CEO. Management's
financial policy allows for elevated leverage that Moody's expects
to be near 5.25x (1 year pro-forma, estimated at year end 2019,
Moody's adjusted), falling to near 4.9x by the end of 2021 (2 year
average). Moody's believes management has an appetite for further
debt-financed M&A. Additionally, Moody's believes there is a
propensity and history for cash to be extracted from the business
for dividends and or investments outside the restricted group that
could reduce the liquidity profile of the Company.

The Company has good liquidity, supported by positive internal cash
flows, covenant-lite loans, an undrawn revolver, and a very
favorable maturity profile. Additionally, with only a partially
secured capital structure and relatively divisible assets, Moody's
believes some alternate liquidity could be generated by the sale of
assets.

Moody's would consider positive rating action if leverage (Moody's
adjusted total gross debt / 2 year average EBITDA) is sustained
below 4.0x, and aggregate, organic, year over year subscriber
growth is positive for a sustained period, Moody's adjusted 2 year
FCF / total gross debt) rises above 7.5%, and sustained period of
stable or rising organic advertising revenue and subscriber counts.
Moody's would consider a negative rating action if leverage
(Moody's adjusted total gross debt / 2 year average EBITDA) rises
above 5.75x, or free cash flow to debt (Moody's adjusted 2 year FCF
/ total gross debt) falls below 2.5%, or subscriber counts,
advertising revenues or recurring affiliate or retransmissions fees
trend materially worse, or liquidity deteriorates.

Allen Media, LLC is a minority-owned, privately-held diversified
media company that owns and operates The Weather Channel, a leading
news channel for the past 38 years, seven additional 24-hour
high-definition television networks and fifteen highly ranked
broadcast television stations, in 11 markets. The Company provides
local weather, news and sports content with Emmy Award-winning and
nominated shows that reach over 150 million subscribers. It
produced approximately 5,000 hours of live weather programming and
over 360 hours of weekly local news in 2019; distribute sports,
primetime and entertainment content across broadcast television
markets through its affiliations with ABC, CBS, FOX and NBC
networks (collectively, the "Big Four" networks); and own over
4,000 hours of original programming across multiple genres through
Entertainment Studios, its television production and distribution
business which produces and distributes 41 television programs
including seven HD cable networks - Cars.TV, Comedy.TV, ES.TV,
Justice Central.TV, Recipe.TV, MyDestination.TV, and Pets.TV). The
Company's revenues for the year ended 2019 are expected to be over
$400 million.

The principal methodology used in these ratings was Media Industry
published in June 2017.


AMERICANN INC: Bask Obtains 2 Additional Retail Licenses from CCC
-----------------------------------------------------------------
Bask, Inc., AmeriCann Inc.'s joint venture partner, received
unanimous approval from the Cannabis Control Commission ("CCC") for
two Adult-Use Marijuana Retail licenses in Massachusetts.  The
additional licenses increase the total licenses held by Bask to
seven, including three Final Medical Treatment Center licenses, and
four Provisional Adult Use licenses.  The maximum number of
licenses allowed for any one entity is 10.  Bask has received
approval from the CCC to change the location of Bask's existing
Cultivation and Product Manufacturing license to AmeriCann's
Massachusetts Cannabis Center ("MCC") in Freetown, MA.

Bask commenced monthly base-rent payments for Building 1 at MCC on
Sept. 1, 2019, as part of the 15-year JV Partnership.  Bask will
pay a revenue participation fee to AmeriCann of 15% of gross
revenue from all cannabis and cannabis products produced at
Building 1.  AmeriCann expects revenue from the Revenue
Participation Fee to begin in Q1 of 2020.

AmeriCann has received a Certificate of Occupancy for Building 1,
which is the first phase of the Massachusetts Cannabis Center. The
MCC is a planned one million square foot sustainable greenhouse,
processing and product manufacturing project in Freetown,
Massachusetts which is being developed by AmeriCann.

The Massachusetts cannabis market has some of the highest prices in
the United States, with wholesale prices exceeding $4,000 per pound
and retail prices greater than $8,000 per pound.  Building 1 is
projected to produce 7,500 pounds annually of dry flower cannabis
and over 400,000 units of infused products.  AmeriCann projects a
1.5-year payback on its investment in Building 1.

                       About Americann

Headquartered in Denver, Colorado, AmeriCann is a cannabis company
that is developing cultivation, processing and manufacturing
facilities.  AmeriCann uses greenhouse technology which is superior
to the current industry standard of growing cannabis in warehouse
facilities under artificial lights. AmeriCann is designing GMP
Certified cannabis extraction and product manufacturing
infrastructure.  Through a wholly-owned subsidiary, AmeriCann
Brands, Inc., the Company intends to secure licenses to produce
cannabis infused products including beverages, edibles, topicals,
vape cartridges and concentrates. AmeriCann Brands, Inc. plans to
operate a Marijuana Product Manufacturing business at MMCC with
over 40,000 square feet of state-of-the art extraction and product
manufacturing infrastructure.

Americann reported a net loss of $4.90 million for the year ended
Sept. 30, 2019, compared to a net loss of $4.43 million for the
year ended Sept. 30, 2018.  As of Sept. 30, 2019, the Company had
$11.77 million in total assets, $5.65 million in total liabilities,
and $6.11 million in total stockholders' equity.

MaloneBailey, LLP, in Houston, Texas, the Company's auditor since
2016, issued a "going concern" qualification in its report dated
Jan. 14, 2020, citing that the Company has suffered recurring
losses from operations and has an accumulated deficit that raises
substantial doubt about its ability to continue as a going concern.


ANDREW N. KORNSTEIN: Cohens Buying New York Property for $493K
--------------------------------------------------------------
Andrew Nelson Kornstein asks the U.S. Bankruptcy Court for the
District of Connecticut to authorize the short sale of (i) his 125
shares in the cooperative apartment located at 130 E. 94th Street,
Unit 3D, New York, New York, and (ii) a proprietary lease relating
to Unit 3D, 130 East 94th Street, New York, New York, to Myra Cohen
and Michael Cohen for $493,000, subject to higher and better
offers.

On the Filing Date, the Debtor owned the Property, which is now an
asset of the bankruptcy estate.

A Notice of Intent to Sell Property is being filed simultaneously
with the Motion and a Real Estate contract by and between the
Debtor and the Buyers.

The Debtor believes that the following claims, liens or
encumbrances may affect the estate's interest in the Property:

     (a) 130 E. 94th Apartment Corp. may claim an interest in the
Property.  The Debtor believes that 130 E. 94th Apartment Corp. is
owed approximately $10,000 for alleged maintenance fees.

     (b) Citibank, NA. may claim a lien on the Property by virtue
of a UCC1 financing statement dated July 30, 1996 and continued by
amendments thereto thereafter.  The Debtor believes the underlying
debt to Citibank, NA. has been paid in full.  This lien is
disputed;
     
     (c) Marcus & Co. may claim a judgment lien on the Property by
virtue of a judgment lien recorded on May 28, 2015 in the amount of
$46,741.  The Debtor believes the estate has affirmative claims
against Marcus & Co. with respect to wrongful actions taken by the
firm during its retention on behalf of the Debtor in the
matrimonial litigation between the Debtor and his former wife,
Tamara Behan.  This lien is disputed.

     (d) Tamara Behanl may claim a judgment lien on the Property by
virtue of a judgment lien dated June 11, 2015 in the amount of
$29,880.  This lien is disputed.

     (e) Tamara Behan may claim a judgment lien on the Property by
virtue of a judgment lien recorded on Dec. 17, 2015 in the amount
of $18,000.  This lien is disputed.

     (f) Tamara Behan may claim a judgment lien on the Property by
virtue of a judgment lien recorded on Aug. 11, 2016 in the amount
of $40,500.  This lien is disputed.

     (g) The Internal Revenue Service may claim a tax lien on the
Property by virtue of a tax lien filed on Sept. 30, 2016 in the
amount of $151,855.  The Internal Revenue Service has filed a proof
of claim asserting a secured claim in the amount of $207,053.

     (h) Tamara Behan may claim a judgment lien on the Property by
virtue of a judgment lien recorded on Sept. 26, 2017 in the amount
of $65,323.  This lien is disputed.

     (i) Chemtob, Moss, Forman & Beyda may claim judgment liens on
the Property by virtue of a (i) judgment lien filed on Nov. 8, 2017
in the amount of $7,500; and a (ii) judgment lien filed on Nov. 8,
2017 in the amount of $10,000.  The Debtor believes that the estate
has affirmative claims against Chemtob Moss, Forman & Beyda LLP on
the basis of its actions and conduct during the pendency of the
divorce action.  Chemtob represented Tamara Behan during the
Debtor's divorce proceeding.  The Debtor further believes that
Chemtob has been paid amounts included within its filed judgment
lines.  He will commence an adversary proceeding to determine the
extent, validity and priority of the Chemtob liens.  These liens
are disputed.

     (j) Tamara Behan may further claim judgment liens on the
Property by virtue of a (i) judgment lien filed on April 30, 2018
in the amount of $12,682; (ii) a judgment lien filed on April 30,
2018 in the amount of $1,147,029 and (iii) a judgment lien filed on
May 22, 2018 in the amount of $9,067.  These liens were filed
within the one-year period and Ms. Behan is a non-statutory
insider.  These liens are disputed.

     (k) Chemtob, Moss, Forman & Beyda LLP may claim a judgment
lien in the Property by virtue of a judgment lien filed on Jan. 30,
2019 in the amount of $241,866.  This lien was filed within 90 days
of the Petition Date.  This lien is disputed.

The sale is not to an insider. The Buyers were obtained after
actively marketing the property through the Broker for more than
six months.

The sale is subject to higher and better offers.  The Contract
provides that a closing on the sale, which is a cash purchase, will
take place on Feb. 3, 2020.  The closing on the transfer of the
Property is contingent on cooperative board approval of the Buyers
as purchasers of the Property.

The Buyers have submitted a contract deposit of $49,300, which may
be forfeited if the sale does not close as the result of the
Purchasers' default.  The contract deposit is being held by Konner
Teitelbaurn & Gallagher 2, as Escrowee, to be delivered to the
Seller at closing pursuant to the terms of the Agreement.

The proposed sale may be a short sale as all alleged secured
creditors may not be paid in full.

The Debtor proposes to pay at Closing, the typical and customary
costs of closing as well as the liens of 130 E. 94th Apartment
Corp. and the Internal Revenue Service from the proceeds of the
sale and is proposing to hold all remaining proceeds from the sale
of the Property in escrow subject to further order of the Court.
The Debtor will file an adversary proceeding seeking to Determine
Priorities and for Authority to Disburse Proceeds of Sale of
Property of the Estate to Secured Creditors which will propose to
pay the net proceeds to secured creditors according to their
priority.

A copy of the Agreement is available at https://tinyurl.com/u4hadr9
from PacerMonitor.com free of charge.

Andrew Nelson Kornstein sought Chapter 11 protection (Bankr. D.
Conn. Case No. 19-50396) on March 27, 2019.  The Debtor tapped
Douglas S. Skalka, Esq., at Neubert, Pepe, & Monteith as counsel.
On June 17, 2019, the Court appointed Urban Compass, Inc., doing
business as Compass as broker.



APELLIS PHARMACEUTICALS: Wellington Reports 6.92% Stake
-------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, these entities reported that as of Dec. 31, 2019, they
beneficial own 4,423,842 shares of common stock of Apellis
Pharmaceuticals, which represents 6.92 percent of the shares
outstanding:

  * Wellington Management Group LLP
  * Wellington Group Holdings LLP
  * Wellington Investment Advisors Holdings LLP

Wellington Management Company LLP beneficially owns 4,212,242
Shares as of Dec. 31, 2019.

A full-text copy of the regulatory filing is available for free at
the SEC's website at:

                       https://is.gd/7ibfDc

                          About Apellis

Headquartered in Crestwood, Kentucky, Apellis Pharmaceuticals,
Inc., is a clinical-stage biopharmaceutical company focused on the
development of novel therapeutic compounds for the treatment of a
broad range of life-threatening or debilitating autoimmune diseases
based upon complement immunotherapy through the inhibition of the
complement system at the level of C3.  Apellis is the first company
to advance chronic therapy with a C3 inhibitor into clinical
trials.

Apellis incurred net losses of $127.5 million in 2018, $51 million
in 2017, and $27.12 million in 2016.  As of Sept. 30, 2019, the
Company had $466.35 million in total assets, $326.79 million in
total liabilities, and $139.56 million in total stockholders'
equity.

The report of Ernst & Young, LLP, on the Company's financial
statements as of and for the fiscal year ended Dec. 31, 2018,
includes an explanatory paragraph stating that the Company has
recurring losses from operations and has stated that substantial
doubt exists about the Company's ability to continue as a going
concern.



APG SUBS: Ray's Subway Proposes Middletown Store Assets Auction
---------------------------------------------------------------
Ray's Subway, Inc., an affiliate of APG Subs, Inc., asks the U.S.
Bankruptcy Court for the District of Maryland to authorize the
auction sale of its equipment, inventory, and other assets located
at store no. 31078 at 426 East Main Street, Middletown, Delaware,
free and clear of all liens and encumbrances.

Respondent Xenith Bank, a Division of Atlantic Union Bank, is a
lending and financing institution doing business within the State
of Maryland.  

Ray's Subway owns and operates seven franchise Subway sandwich
retail businesses at various locations in Maryland and Delaware.
One of those business operations is at the Store.  The Debtor has
been operating the store for several years at a loss; the store has
not
been profitable, and it had the store listed for private sale.

Mr. Raymond H. Burrows, III, is the president and 50% stockholder
of Ray's Subway.  Despite his best efforts, Mr. Burrows was unable
to obtain a buyer for Middletown.  Prospective buyers have not been
able to obtain any financing to the purchase the business.

Mr. Burrows is personally obligated on the franchise agreement for
the operation of Middletown and is also personally obligated on the
sublease for the Middletown premises.  Mr. Burrows in his personal
Chapter 11 case filed on Oct. 3, 2019, Case number 19-23255-NVA,
sought and obtained authority to reject both the franchise
agreement and the sublease for Middletown, and due to sustained
losses, the decision was made to close the store.  The landlord is
requiring that the business premises be vacated and all equipment
cleared out by Jan. 3, 2020, which the debtor avers does not leave
sufficient time to advertise and to conduct an auction on site.

By separate application, Ray's Subway has sought authority to
employ and to compensate PCI Auctions East Coast, LLC, to sell
Middletown's equipment by public auction.

The Bank holds security interests in all of the assets, tangible
and intangible, located at the store including the equipment
pursuant to a Promissory Note and certain Commercial Security
Agreements each dated Feb. 16, 2017, duly perfected by the
recordation of financing statements which lien has been extended
post-petition and determined to be in the initial principal amount
of $205,000  pursuant to the terms and conditions of a Consent Cash
Collateral Order entered on Oct. 7, 2019, on which restructured
secured debt post-petition payments have been made to the Bank.

The Debtor avers that the public auction sale free and clear of the
liens of the Bank -- with those liens transferring to and attaching
to the net proceeds of sale after the payment of auctioneer fees,
commissions, and the reasonable costs of the relocation of the
equipment to another site -- would generate higher auction sales
prices than were the equipment to be sold subject to the Bank's
liens.

                       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.


APG SUBS: Unsecured Creditors to Recover 3% in Plan
---------------------------------------------------
APG Subs, Inc., CRW Foods, Inc., HRK Group, Inc., Ray's Subway,
Inc., and Shore Foods, Inc., provide this Disclosure Statement.

In summary, the Debtor corporations will pay in full their approved
administrative expenses in the amounts allowed by the Bankruptcy
Court.  

The Debtors will pay the agreed secured claim of Atlantic Union
Bank in the negotiated initial principal amount of $205,000 with
interest at 6.5% over 60 months as set forth in the Consent Third
Cash Collateral Order dated October 4, 2019, entered October 7,
2019, as Docket No. 57, which principal secured claim has been, and
will be, reduced by sales of equipment collateral.

The Debtors will pay ease obligations without modification in the
ordinary course of their business operations.

The Debtors will pay in full with interest all priority tax claims
within five years from the date of the filing of the Chapter 11
petitions.

As discussed in Section II,C., supra., administrative claims for
goods delivered within 20 days prepetition are disputed and are
proposed to be treated as general unsecured claims in Class 9. Upon
Confirmation as permitted by the Bankruptcy Code as provided for in
the Plan, the debtor corporations shall also make a distribution to
their general unsecured creditors on general unsecured claims as
filed and as scheduled calculated to be $1,628,898.81,. in six
semi-annual installments each May 1st and November 1st commencing
two years following the Effective Date of the Plan each in the
amount of 0.5% of the Allowed Unsecured Claim projected to total
3.00% of general unsecured debts which distributions will be in
full and final satisfaction of these obligations.
    
As each of the debtor corporations is insolvent, and as the Plan
will not be returning to general unsecured creditors a distribution
in full on such Allowed Unsecured Claims, stock interests in the
debtor corporations shall be not be retained and shall be cancelled
upon the entry of a Confirmation Order and simultaneously therewith
new value in the total principal sum of $4,000 -- $1,000 each for
APG Subs, Inc.; CRW Foods, Inc.; HRK Group, Inc.; and Ray’s
Subway, Inc. -- will be provided to the debtors by the stockholder,
Mr. Raymond H. Burrows, III, upon the Effective Date of the Plan to
acquire new shares of stock in the four remaining reorganized
corporations in order for Mr. Burrows to retain possession and
ownership of his stock interests in each the Reorganized Debtors.
This new value to the Debtors will be provided in the form of cash
to the corporations and in exchange for this consideration Mr.
Burrows shall retain his stock ownership interests in the
Reorganized Debtors as their sole stockholder.

Class 9 Allowed General Unsecured Claims consists of the Allowed
Claims of any Unsecured Creditor which are not entitled to
priority. Pro rata Distributions on general unsecured claims as
filed and as scheduled calculated to be $1,586,373 will be made in
six semi-annual installments each May 1st and November 1st
commencing two years following the Effective Date of the Plan each
in the amount of 0.5% of the Allowed Unsecured Claim, which total
Distribution is projected to be 3.00% of general unsecured debts
which distributions shall be in full and final satisfaction and
discharge of these obligations.  Distributions would be projected
to total $47,459.38 ($1,581,979.35 x 0.03 = $47,459.38).  Each of
the six semi-annual Distributions would be projected to be
$7,909.89 ($47,459.38/6 = $7,909.89) distribute pro rata to the
creditors listed above -- an estimated annual sum of $15,819.79
($7,909.89 x 2 = $15,819.79) -- distributed per year for three
years without interest in years 3, 4, and 5 of this Plan in full
and final satisfaction and release and discharge of all claims
against all of the debtor corporations.

Funds required for the implementation of the Plan shall come from
(a) Net Operating Revenue consisting of those funds remaining in
debtors' general accounts from their operation less those expenses
necessary and required by debtors for their operation which have
been generally reflected in debtors' monthly reports and (b) the
investment by the holder of Interests in the debtors of the total
principal sum of $4,000.00 as new value for and in consideration of
his receipt and retention of Interests in the Reorganized Debtors.

A full-text copy of the Disclosure Statement dated Jan. 13, 2020,
is available at https://tinyurl.com/t7y3p85 from PacerMonitor.com
at no charge.

Attorneys for the Debtors:

     Marc R. Kivitz
     Suite 1330
     201 North Charles Street
     Baltimore, MD 21201
     Tel: (410) 625-2300
     Facsimile: (410) 576-0140
     E-mail: mkivitz@aol.com

                      About APG Subs Inc.

APG Subs, Inc., et al., operate Subway franchises in Maryland.

Based in Edgewood, Md., APG Subs, Inc. 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, APG Subs disclosed total assets of $28,177 and total
liabilities of $1,268,112.  Judge David E. Rice oversees the case.
Marc R. Kivitz, Esq., at the Law Office of Marc R. Kivitz, is the
Debtor's bankruptcy counsel.


ARCACHON PARTNERS: Plan & Disclosure Motion Hearing Reset to Feb. 5
-------------------------------------------------------------------
On Dec. 13, 2019, debtor Arachon Partners, LLC, filed a motion to
approve its Combined Plan of Reorganization and Disclosure
Statement. In light of the Motion for Relief From Stay filed by
Rompsen California Mortgage Limited Partnership, Judge Charles
Novack ordered that the hearing for Debtor's Motion, previously
scheduled for Jan. 15, 2020, is continued to Feb. 5, 2020, at 11:00
a.m in the United States Bankruptcy Court 99 E St, Santa Rosa, CA
95404.

A full-text copy of the Scheduling Order dated Jan. 9, 2020, is
available at https://tinyurl.com/r6rksmc from PacerMonitor.com at
no charge.

                    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.


ARCONIC CORP: S&P Rates $400MM Second-Lien Notes 'B+'
------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating and '6'
recovery rating to aluminum rolled products company Arconic Corp.'s
proposed $400 million second-lien notes due in 2028. The '6'
recovery rating indicates S&P's expectation that lenders would
receive negligible recovery (0%-10%; rounded estimate: 0%) in the
event of a payment default.

The company plans to use the proceeds to fund a distribution to
parent Arconic Inc. before the companies separate in a few months.

All of S&P's other ratings on Arconic Corp., including its 'BB'
issuer credit rating, are unchanged. On Jan. 24, 2020, S&P assigned
its 'BB+' issue-level rating to the company's proposed $800 million
term loan. Its rating on Arconic Corp. reflects the company's good
position in a breadth of aluminum rolled products and a moderate
debt load supplemented by heavy pension obligations and unknown
potential liabilities from the Grenfell Tower fire. Arconic's
French subsidiary manufactured the Reynobond PE exterior building
panels, which have been discontinued."

ISSUE RATINGS--RECOVERY ANALYSIS

S&P is updating its recovery analysis on Arconic for the announced
transaction. The rating agency's simulated default scenario
incorporates a default because of a decline in earnings from market
share losses or materials substitution. S&P's simulated default
scenario assumes Arconic's creditors would receive the greatest
recovery if the company emerged from bankruptcy as a going
concern.

Simulated default assumptions

-- S&P assumes that Arconic defaults in 2024 after losing key
customers because of competition or substitution, potentially
worsened by prolonged weakness in its core markets.

-- As a result, the company's cash flow from operations would be
insufficient to cover fixed charges related to interest, debt
amortization, and capital outlays.

-- At default, S&P's recovery analysis incorporates the assumption
of a capital structure that includes a $1 billion senior secured
revolving credit facility (85% drawn and net of letters of credit),
term loan B, and $400 million in second-lien notes.

-- Estimated debt claims include about six months of accrued but
unpaid interest outstanding at default.

-- S&P estimates a distressed gross recovery value of $2.1
billion, based on an emergence EBITDA of about $375 million
(consistent with fixed charges) and an EBITDA multiple of 5.5x, in
line with downstream metals processor peers.

-- S&P's emergence EBITDA assumption incorporates its recovery
assumptions for minimum capital expenditure (2.5%, based on
historical evidence) and its standard 15% cyclicality adjustment
for metals processors.

Simplified waterfall

-- Net enterprise value, after 5% administrative costs and $750
million of pension obligations: $1.3 billion

-- Estimated secured claims at default: $1.7 billion (revolving
credit facility 85% drawn)

-- Recovery range expectation for secured claims: 70%-90% (rounded
estimate: 75%)

-- Remaining value: $0

-- Total value available to unsecured claims: $0

-- Estimated unsecured debt claims at default: $743 million

-- Recovery range expectation for unsecured debt: 0%-10% (rounded
estimate: 0%)


ASP UNIFRAX: Moody's Confirms B3 CFR, Outlook Negative
------------------------------------------------------
Moody's Investors Service confirmed the ratings of ASP Unifrax
Holdings, Inc. including its B3 Corporate Family Rating and B3-PD
probability of default rating. Moody's also confirmed the B3 rating
of the company's $125 million senior secured first lien revolving
credit facility, B3 rating of $1.05 billion senior secured first
lien term loans including both the US dollar and Euro tranches and
Caa2 rating of its $250 million senior secured second lien term
loan. The outlook for the ratings is negative.

This rating action concludes the review for downgrade that was
initiated on October 30, 2019 following a significant increase in
the company's leverage that was driven mainly by higher borrowings
and weaker financial performance.

Outlook Actions:

Issuer: ASP Unifrax Holdings, Inc.

Outlook, Changed To Negative From Rating Under Review

Confirmations:

Issuer: ASP Unifrax Holdings, Inc.

Probability of Default Rating, Confirmed at B3-PD

Corporate Family Rating, Confirmed at B3

Senior Secured 1st Lien Bank Credit Facility, Confirmed at B3

Senior Secured 2nd Lien Bank Credit Facility, Confirmed at Caa2

RATINGS RATIONALE

The ratings confirmation takes into consideration the specialty
nature of the company's business, its broad customer and geographic
diversity and ongoing growth initiatives designed to meet the
rising product demand from end markets which are subject to
increasingly stringent safety regulations and environmental
protection standards. The confirmation reflects Moody's
expectations that growth initiatives and cost-cutting measures
Unifrax is currently undertaking, will likely lead to the EBITDA
growth and the commensurate reduction in leverage to below 7.5x by
2021. The rating confirmation also considers Unifrax's good
liquidity profile, lack of near term maturities and its 28% equity
stake in Shandong Luyang Energy-Saving Materials Co.

The negative outlook reflects the relatively high risk that further
weakness in automotive, chemical and industrial sectors,
particularly in China and Europe, will offset the projected
earnings growth from new projects, synergies and cost savings such
that free cash flow remains negative, earnings growth negligible
and leverage persistently high.

The buyout by Clearlake Capital Group in late 2018, in combination
with relatively soft financial performance, the debt-funded
acquisition of Stellar Materials in June 2019 and increased capital
leases drove Unifrax's debt/EBITDA, including Moody's analytical
adjustments and after accounting for Stellar Materials EBITDA, to
the mid-8x range as of September 30, 2019. The increased debt
levels coupled with currently negative free cash flow make the
company more vulnerable to market downturns, particularly given its
exposure to cyclical end markets. Moody's notes that its previous,
lower estimate of LTM EBITDA and, as a result, higher adjusted
leverage included $28 million charge related to the write-off of
inventory step-up and $13.9 million stock option expense associated
with the payment of management options related to the LBO.

In 2020, the company is expected to benefit from price increases,
cost savings programs and operational synergies with Stellar
Materials as well as the sales of the higher margin products from
polycrystalline wool line 6 (PCW) which will be operational for a
full year in 2020. However, leverage will remain elevated in 2020
as soft demand in key end markets, weak operating earnings, high
debt service costs and modest free cash generation will leave
little room for de-leveraging. Moody's expects a meaningful
improvement in financial performance in 2021 after the anticipated
China 6a emission standard comes into effect in H2 2020 and Unifrax
completes the PCW line 7 in late 2020. Lower ensued capex spending
in conjunction with higher EBITDA and free cash flow should allow
the company to reduce leverage to below 7.5x by 2021. Luyang's
EBITDA is not included in Moody's adjusted EBITDA estimates.

Unifrax overall faces moderate environmental, social and governance
risks. However, governance risk is above average due to private
equity ownership which extracts substantial managements fees from
the company, the sponsor's aggressive financial policies and
pursuit of acquisitive growth at the time of weakening macro
environment and high growth capex spending, which are key drivers
of the currently high financial leverage.

Unifrax has a good liquidity profile supported by $29 million cash
on hand as of September 30, 2019, with the undrawn $125 million
revolving credit facility due in 2023 and its 28% equity stake in
Luyang, publicly listed ceramic fiber producer in China, which
provides an alternative source of liquidity for debt service if
management chooses to do so.

The B3 ratings on the senior secured first lien revolving credit
facility and term loans, are at the same level as the corporate
family rating, as they represent the preponderance of total debt
and are secured by a first priority lien on substantially all
domestic assets and, in the instance of Euro-denominated
borrowings, the assets of certain international subsidiaries in the
U.K. and Germany. The $250 million second lien term loan is rated
Caa2 given its effective subordination to the first lien credit
facilities. The remaining international assets are not encumbered.

The ratings upgrade is unlikely in the near-term given the negative
outlook but could be considered longer term if Moody's-adjusted
debt/EBITDA declines below 6.0x and the company demonstrates the
ability to generate positive free cash flow on a sustained basis.
An upgrade would also require a commitment to more conservative
financial policies from the sponsor and management.

Moody's could downgrade the ratings if operating performance
deteriorates, if adjusted leverage were expected to remain above
7.5x or if the company undertakes a significant debt-financed
acquisition or dividend recapitalization. Moody's could also
downgrade the ratings if free cash flow remains negative and
liquidity deteriorates.

The principal methodology used in these ratings was Chemical
Industry published in March 2019.

Headquartered in Tonawanda, N.Y., ASP Unifrax Holdings, Inc.
produces heat-resistant ceramic fiber products and specialty glass
microfiber materials for a variety of industrial applications. The
company has been a portfolio company of Clearlake Capital Group
since late 2018. Unifrax generated revenues of approximately $538
million for the twelve months ended September 30, 2019.


ASPEN LANDSCAPING: Allowed to Use Cash Collateral on Final Basis
----------------------------------------------------------------
Judge Vincent F. Papalia of the U.S. Bankruptcy Court for the
District of New Jersey to authorized Aspen Landscaping Contracting,
Inc. to use cash collateral on a final basis in accordance with the
terms of the Final Order.

The Debtor has acknowledged that M&T Bank has, as of the Petition
Date, a valid and subsisting first lien in substantially all assets
of the Debtor securing its indebtedness to M&T Bank, in the
principal amount of $1,625,389.89 as of the Petition Date.

As adequate protection for use of cash collateral, M&T Bank is
granted:

     (a) As security for and to the extent of any aggregate
postpetition diminution in value of the Prepetition Collateral
(including the cash collateral), M&T Bank is granted additional and
replacement valid, binding, enforceable non-avoidable, and
automatically perfected post-petition security interests in and
liens on all property (including any previously unencumbered
property), whether now owned or hereafter acquired or existing and
wherever located, of the Debtor and the Debtor's estate, of any
kind or nature whatsoever, real or personal, tangible or
intangible, and now existing or hereafter acquired or created, and
all products, proceeds and supporting obligations of the foregoing.


     (b) To the extent of any diminution in value, M&T Bank will
have a superpriority administrative expense claim, pursuant to
Section 507(b) of the Bankruptcy Code, senior to any and all claims
against the Debtor under Section 507(a) of the Bankruptcy Code,
whether in this proceeding or in any superseding proceeding.

     (c) The Debtor will make adequate protection interest payments
to M&T Bank in the monthly amount of $7,000.

     (d) On a bi-weekly basis, the Debtor will provide an
accounting to M&T Bank setting forth the cash receipts and
disbursements made by the Debtor under this Final Order. In
addition, the Debtor will provide M&T Bank all other reports
required by the pre-petition loan documents and any other reports
reasonably required by M&T Bank as well as copies of the Debtor's
monthly U.S. Trustee operating reports.

     (e) The Debtor is authorized and directed to pay within seven
days of presentment of an invoice to the Debtor, with copies to the
U.S. Trustee's Office and counsel for Mr. Fuentes, describing in
customary detail (redacted for privilege and work product) the
reasonable and documented attorneys' fees and expenses of M&T Bank,
whether incurred before or after the Petition Date, in each case
without further order of, or application to, the Court or notice to
any party.

The Debtor's authorization and M&T Bank's consent, to use cash
collateral will terminate on the earliest to occur of any of the
following:

     (i) the first business day following expiration of a Budget
unless the Debtor and M&T Bank will agree on an amended Budget;

     (ii) the failure of the Debtor to comply with any provision,
covenant or agreement in the Final Order or the Emergency
Stipulation Authorizing the Debtor to Obtain Interim Post-Petition
Financing Nunc Pro Tunc to the Petition Date (including, without
limitation, any failure to comply with the Budget, subject to any
permitted variance);

     (iii) the entry of an order dismissing the Chapter 11 Case or
converting the Chapter 11 Cases to a case under chapter 7 of the
Bankruptcy Code;

     (iv) the entry of an order in the Chapter 11 Case appointing a
chapter 11 trustee;

     (v) the entry of an order in the Chapter 11 Case modifying,
staying, reversing or vacating the Final Order, without the prior
consent of M&T Bank;

     (vi) the Debtor will have filed a motion seeking to create any
post-petition claim or lien without the consent of M&T Bank and
such motion will not have been withdrawn after one business day's
written notice from M&T Bank;

     (vii) The Debtor's filing of a motion challenging any of M&T
Bank's liens or claims; or

     (viii) An order confirming a plan of reorganization will not
have been entered by May 31, 2020.

A copy of the Final Order is available at PacerMonitor.com at
https://is.gd/9ow769 at no charge.

             About Aspen Landscaping Contracting

Aspen Landscaping Contracting, Inc. -- https://www.aspennj.net/
--is a landscaping contractor located in Union, New Jersey serving
commercial and residential clients. The company offers wetland
mitigation, planting, hydroseeding, irrigation, railroad spraying,
tree removal/pruning/clearing, erosion control/soil stabilization,
soil procurement and grading, and landfill work.

Aspen Landscaping Contracting sought Chapter 11 protection (Bankr.
D.N.J. Case No. 19-31885) on Nov. 20, 2019 in Newark, New Jersey.
In the petition was signed by Maria A. Fuentes, president, the
Debtor was listed with total assets at $2,429,468 and total
liabilities at $2,510,983.

Judge Vincent F. Papalia oversees the case.

MCMANIMON, SCOTLAND & BAUMANN, LLC, is the Debtor's counsel. SAX,
LLP, serves as accountant to the Debtor.


AUTOCANADA INC: S&P Alters Outlook to Stable, Affirms 'B' ICR
-------------------------------------------------------------
S&P Global Ratings revised its outlook on AutoCanada Inc. to stable
from negative and affirmed its 'B' issuer credit rating on the
company.

S&P also assigned its 'B-' issue-level and '5' recovery ratings to
the company's proposed C$125 million secured notes.

The proposed refinancing transaction reduces refinancing risk. In
our view, AutoCanada's plan to refinance its unsecured notes due in
May 2021 materially reduces the maturity risk the company faces.
The company plans to issue C$125 million of unsecured notes due
2025. Proceeds from the issuance, along with drawings under its
amended and extended revolving credit facilities, will be used to
redeem its existing C$150 million unsecured notes due 2021.
Concurrent with the refinancing, AutoCanada plans to downsize its
revolving credit facility to C$175 million from C$250 million and
extend the facility's maturity to 2023. S&P expects the refinancing
transaction will close in the first quarter of 2020. In S&P's
opinion, the lack of near-term debt maturities and corresponding
improvement in the maturity profile underpin the rating agency's
outlook revision to stable from negative.

S&P continues to expect adjusted debt-to-EBITDA of about 5x and
EBITDA interest coverage of about 3x by the end of 2020,
incorporating the rating agency's assumption of a C$100
million-C$120 million reduction in funded debt in 2019 and
meaningful EBITDA growth in 2020.

"The stable outlook reflects our expectation that the proposed
refinancing transaction should reduce refinancing risks by
meaningfully extending its maturity profile. The outlook also
reflects our expectation that credit measures should strengthen
over the next couple of years, mainly as the company executes on
initiatives to improve its cost profile and deploys positive
discretionary cash flow primarily to repay debt outstanding. S&P
forecasts adjusted debt-to-EBITDA will be about 5x and adjusted
EBITDA interest coverage about 3x in 2020.

"We could lower the rating on AutoCanada over the next 12 months if
adjusted debt-to-EBITDA increases above 7x or if EBITDA interest
coverage falls below 2x. This could occur if the management team
fails to achieve meaningful operational improvements, if new
vehicle sales are lower than expected, or if the company makes
acquisitions that contribute to higher debt levels. We could also
downgrade the company if the proposed plan to refinance its C$150
million unsecured notes is unsuccessful," S&P said.

"We could raise our rating on AutoCanada within the next 12 months
if we expect the company to sustain adjusted debt-to-EBITDA well
below 5x. This could occur if operating results are better than
expected, including adjusted EBITDA margins close to 4% and
positive same-store sales growth. The company would also need to
demonstrate that it can maintain leverage well below 5x with a
sustained improvement in operating performance and supportive
financial policies," the rating agency said.


BAHIA DEL SOL: Triangle Asks Time to Finalize Stipulation on Sale
-----------------------------------------------------------------
Secured creditor, Triangle Cayman Asset Co. 2, asks the U.S.
Bankruptcy Court for the District of Puerto Rico to grant an
additional extension of time of seven days to finalize the
execution of a stipulation with Bahia Del Sol Hotel Corp., or for
Triangle to otherwise plead in connection with Bahia's proposed
sale of the real property currently known as "Plaza Parguera Hotel"
located at La Parguera Ward, Road 304, Km. 3.2, Lajas, Puerto Rico,
to Puerto Rico Asset Management, LLC for $1.3 million, subject to
overbid.

Triangle ratifies that that the Parties have substantially advanced
in their good faith negotiations for the consensual treatment of
the Triangle Claim and, at this juncture, they have reached an
agreement in principle.  However, Triangle needs additional time to
finalize a proposed stipulation, to be executed by the Parties, in
connection with such agreement in principle for the consensual
repayment of the Triangle Claim.  Thus, Triangle respectfully asks
that the Court grants it an additional short extension of time of
seven days to allow them to finalize and execute a stipulation, or
in the alternative, for Triangle to otherwise plead in connection
with the sale.

Triangle's request is made in good faith in an effort and without
the intent to delay the prosecution of the captioned case.

                 About Bahia Del Sol Corporation

Bahia Del Sol Hotel Corporation filed a Chapter 11 bankruptcy
petition (Bankr. D.P.R. Case No. 19-03234) on June 5, 2019,
estimating under $1 million in both assets and liabilities.  The
Debtor tapped Noemi Landrau Rivera, Esq., at Landrau Rivera &
Assoc., as counsel.


BEAVER'S DAIRY: Court Bars Access to Farm Credit Cash Collateral
----------------------------------------------------------------
Judge Carl L. Bucki of the U.S. Bankruptcy Court for the Western
District of New York inked his approval on a Stipulation and Order
regarding a Motion for entry of an order prohibiting Beaver Dairy
Farm, LLC, Beaver's Trucking Co LLC and Dale F. Beaver from using
the cash collateral of Farm Credit East, ACA and for relief from
the automatic stay.

The Court finds, however, that the Debtors and Farm Credit have
been working cooperatively through the liquidation of all of the
cattle on the real estate and corn silage. Farm Credit has been
presented with a demand for payment on an Irrevocable Letter of
Credit No. 1 held by the New York State Department of Environmental
Conservation for $25,000. The Letter of Credit secured reclamation
obligations with respect to a gravel pit on the Real Estate that is
an obligation of the Debtors.

Farm Credit has been in communication with the Debtors' counsel
regarding the possible sale of the Real Estate and understands
there are various potential buyers who have expressed an interest
in purchasing it. To date, Farm Credit has not been advised of any
letters of intent or asset purchase agreements with respect to the
Real Estate.

Accordingly, the Parties have agreed as follows:

      (A) The Debtors will provide Farm Credit with a letter of
intent for the sale of substantially all of the Real Estate. The
Debtors intend to have a closing on the sale no later than April
10, 2020. The Debtors further agree to file a motion for approval
of bidding procedures and the sale of the Real Estate on shortened
notice with a return date no later than Feb. 12.

      (B) The Parties have agreed that Farm Credit, in its sole
discretion, may advance up to $10,000 or such other amounts as may
be agreed upon by the Debtors and FCE to remediate the lower manure
lagoon level. To the extent that Farm Credit, as the secured lender
under its loan documents, funds the Lagoon Remedial Measures, Farm
Credit is not admitting or assuming any liability or responsibility
in connection therewith, and any expenses incurred will be added to
the Debtors' outstanding secured loan balances with Farm Credit.

     (C) If Farm Credit is required to advance the funds under the
$25,000 Letter of Credit, the Debtors acknowledge that any payment
made will be added to the Debtors' outstanding secured balances
with Farm Credit.

     (D) The Debtors agree to provide Farm Credit with a
reconciliation regarding the income and expenses of the Wind Up
Budget with supporting documents.

     (E) The Debtors agree they will continue to fully cooperate
with the wind up and liquidation of the Non-Real Estate Collateral,
as required by the Stipulated Order, including consenting to and
cooperating with the auction of the remaining Non-Real Estate
Collateral (including the Beaver's Trucking Co., LLC collateral) on
Feb. 28, 2020 to be held on the Real Estate.

                      About Beaver Dairy Farm

Beaver Dairy Farm LLC is a privately held company in Randolph, New
York, in the dairy farms business. Beaver's Trucking Co. is
operates in the specialized freight trucking industry.

Beaver Dairy Farm, LLC and Beaver's Trucking Co., LLC filed Chapter
11 bankruptcy petitions (Bankr. W.D.N.Y. Case Nos. 18-12409 and
18-12411, respectively) on Nov. 16, 2018.

In the petitions signed by Dale F. Beaver, owner, Beaver Dairy was
estimated to have $1 million to $10 million in assets and the same
range of liabilities; and Beaver's Trucking was estimated to have
$100,000 to $500,000 in assets and $50,000 to $100,000 in
liabilities.

The cases are assigned to Judge Carl L. Bucki.

The Debtors are represented by Garry M. Graber, Esq. at Hodgson
Russ LLP.


BLUESTEM BRANDS: Moody's Withdraws Caa2 CFR Due to Lack of Info
---------------------------------------------------------------
Moody's Investors Service withdrew the ratings of Bluestem Brands,
Inc., including the Caa2 Corporate Family Rating, Caa2-PD
Probability of Default Rating, and the Caa2 rating on its senior
secured term loan due November 2020.

Moody's took the following rating actions:

  Bluestem Brands, Inc.:

  - Corporate Family Rating, Withdrawn, previously rated Caa2;

  - Probability of Default Rating, Withdrawn, previously rated
Caa2-PD;

  - Senior secured term loan due November 2020, Withdrawn,
previously rated Caa2 (LGD4);

  - Outlook, Changed to Rating Withdrawn From Negative

RATINGS RATIONALE

Moody's has decided to withdraw the ratings because of inadequate
information to monitor the ratings due to the issuer's decision to
cease participation in the rating process.

Headquartered in Eden Prairie, MN, Bluestem Brands, Inc. operates
multiple direct to consumer retail brands through its Northstar and
Orchard portfolios. The company is owned by Bluestem Group Inc.
Certain affiliates of Centerbridge Partners, L.P., a private
investment firm, own a minority stake in Bluestem Group Inc.

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


BLUESTEM BRANDS: S&P Downgrades ICR to 'CCC-'; Outlook Negative
---------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on
Minnesota-based online retailer Bluestem Brands Inc. to 'CCC-' from
'CCC'.

At the same time, S&P lowered its issue-level rating on Bluestems's
term loan to 'CCC-' from 'CCC'. S&P's '4' recovery rating remains
unchanged, indicating its expectation for average (30%-50%; rounded
estimate: 45%) recovery in the event of a default.

Bluestem's revolver and term loan are due this year and S&P
believes the likelihood that the company will undertake a
restructuring in the near term has increased.  The company's $200
million asset-based lending (ABL) facility matures in July and its
term loan (roughly $400 million outstanding) comes due on Nov. 7,
2020. In S&P's view, Bluestem does not have a clear refinancing
plan and the rating agency believes the company is increasingly
likely that the company will pursue a holistic debt restructuring
to address its maturities given its weak operating performance. If
the company pursues a restructuring or exchange that provides its
lenders with less than they were originally promised under the
security, S&P would view it as distressed and tantamount to a
default.

The negative outlook on Bluestem reflects S&P's view that the
company may pursue a distressed debt exchange or restructuring in
the next six months. The outlook also incorporates S&P's
expectation that the company's operating performance will remain
weak amid continued pressures in the retail industry, and the
rating agency's view of liquidity as less than adequate.

"We could lower our rating on Bluestem if it announces a distressed
restructuring or exchange," S&P said.

"We would raise our rating on Bluestem if we believe it is unlikely
that the company will restructure its debt in the next six months
even if its capital structure remains unsustainable over the long
term," the rating agency said.


BURL SCROGGS: Saint Isidore Buying Moore-Hartley Property for $1.6M
-------------------------------------------------------------------
Burl Keith Scroggs and Janet Marion Scroggs ask the U.S. Bankruptcy
Court for the Northern District of Texas to authorize the sale of
the real property described as the land, improvements, accessories
and crops except for exclusions and reservations, consisting of the
land situated in the counties of Moore and Hartley, Texas, to Saint
Isidore Farms, LLC for $1.6 million.

The Property is also described as the four tracts of land, together
with all rights, privileges, and appurtenances pertaining thereto,
including but not limited to: water rights, claims, permits, strips
and gores and easements, together with the following permanently
installed and built-in items, if any: windmills, tanks, barns,
pens, fences, gates, sheds, outbuildings, and corrals.

The Debtors scheduled the Property to have a fair market value of
$1,108,780.  They have entered into a Sales Contract with the Buyer
to sell the subject property for $1.6 million.  The sale will be in
the best interest of all creditors of the estate.  Said contract
was entered into in good faith using sound business judgment by the
Debtors in order to obtain significant value out of the Property.

Chris Scharbauer has a first lien on the property in the
approximate amount of $1,011,512.  The Internal Revenue Service has
a claim of $244,444 secured by tax liens filed only in Moore County
on Sept. 22, 2014 and June 15, 2015.  Ansel Family Farm Stores,
Inc. filed an Abstract of Judgment only in Moore County in the
amount of $395,459 on Dec. 6, 2016.  The tax liens of the Internal
Revenue Service and the judgment of Ansel Family Farm Stores, Inc.
are not filed in Hartley County.

The value of the Moore County tax liens (2nd liens) of the Internal
Revenue Service and the Moore County judgment lien (3rd lien) of
Ansel Family Farm Stores, Inc. should only be based on the economic
value of the portion of the property located in Moore County.

The Fair Market Value of the subject property located in Moore
County is $87,230 for SEC 89 BLK 44 H&TC 135.13 ACS ABST #126 AND
$59,180.00 for SEC 80 BLK 44 H&TC N/88.4 ACS ABST 662.

Chris Scharbauer's first lien is fully secured by both the Moore
and Hartley County property and should be paid in full out of the
sales proceeds.

The Internal Revenue Service tax liens secured by the Moore County
portion of the property should be paid $146,410 (the economic value
of the Moore County portion of the property) out of the sales
proceeds. Th e Internal Revenue Service will still retain the
unpaid balance of their tax liens (2nd Lien) on other Moore County
property of the Debtors, and will be paid in accordance with the
Debtors' Plan of Reorganization.

Ansel Family Farm Stores, Inc. judgment lien on the Moore County
portion of the property has no economic value and should not
receive any payment out of the sales proceeds.  Ansel will still
retain a third lien on other Moore County property of the Debtors,
and will be paid in accordance with the Debtors’ Plan of
Reorganization.

The Debtors proposes that from the proceeds of the sale of the
property the title company or other closing agent will pay all ad
valorem taxes, including principle and interest, owed on the
property, pay in full the lien of Chris Scharbauer, including
principal and interest and attorney fees, pay $146,410 on the tax
liens of the Internal Revenue Service, and pay the expenses of the
sale, including any real estate broker's commissions, and attorney
fees associated with said sale. The net proceedings remaining will
be paid direct to the Debtors for deposit into their DIP account.

The closing agent is American Land Title, LLC located at 7659
Hillside Rd., Suite 100, Amarillo, Texas 79119.  The closing
officer is Trisha Gordon.  The closing of the sale will take place
as soon as practicable after the Buyer has received satisfactory
evidence, in the Buyer's sole discretion, that the transactions
contemplated herein have been approved by the Court, or within
seven days after objections made under Paragraph 6D Of the Sales
Contract have been cured or waived, whichever date is later.

A final signed and executed closing statement will be forwarded to
the U.S. Trustee immediately upon closing by the closing agent.

Contemporaneously with the execution of the Sales Contract, the
parties have agreed to enter into a Grazing Lease covering the
Property to the Sales Contract allowing Saint Isidore Farms, LLC to
graze cattle on the Property between the signing date of the Sales
Contract and the Closing or termination of the Sales Contract.

The Debtors ask that the Court retroactively approve said Grazing
Lease as essential to the negotiation and execution of the Sales
Contract.

The provision of Rule 6004(h) should be waived and the Debtors be
permitted to immediately close on the Sales Contract.

A copy of the Contract is available at https://tinyurl.com/w65mxcy
from PacerMonitor.com free of charge.

Burl Keith Scroggs and Janet Marion Scroggs sought Chapter 11
protection (Bankr. N.D. Tex. Case No. 18-20174) on May 17, 2018.
The Debtors tapped Bill Kinkead, Esq., at Kinkead Law Offics as
counsel.



CALFRAC HOLDINGS: Moody's Lowers CFR to Caa2, Outlook Stable
------------------------------------------------------------
Moody's Investors Service downgraded Calfrac Holdings, LP's
Corporate Family Rating to Caa2 from B3, its Probability of Default
Rating to Caa2-PD from B3-PD and its senior unsecured notes to Caa3
from Caa1. The Speculative Grade Liquidity rating remains SGL-3 and
the outlook remains stable.

The downgrade follows Calfrac's announcement that it intends to
offer an exchange of its current senior unsecured notes at 55% to
60% of par for up to $100 million of new secured second lien notes.
If completed, Moody's would view this transaction as a distressed
exchange leading to a limited default.

"The downgrade reflects a change in Calfrac's financial policies
which increases the risk of further distressed debt exchanges and
additional limited defaults " said Jonathan Reid, Moody's analyst.

Downgrades:

Issuer: Calfrac Holdings, LP

Probability of Default Rating, Downgraded to Caa2-PD from B3-PD

Corporate Family Rating, Downgraded to Caa2 from B3

Senior Unsecured Notes, Downgraded to Caa3 (LGD4) from Caa1 (LGD4)

Outlook Actions:

Issuer: Calfrac Holdings, LP

Outlook, Remains Stable

RATINGS RATIONALE

Calfrac's Caa2 CFR is constrained by: 1) management's willingness
to undertake distressed debt exchanges; 2) the volatile nature of
the pressure pumping sector, evident by the drop in expected 2019
EBITDA to around C$170 million from C$330 million in 2018 and its
high correlation with upstream activities; 3) weak leverage (LTM
Sep2019 debt to EBITDA of 5.1x) and interest coverage (LTM Sep2019
EBITDA to interest of 2.4x) that is likely to weaken in 2020; 4)
its concentration in just one business segment, pressure pumping;
and 5) the company's relatively small size when it competes with
larger diversified oilfield service players. Calfrac's CFR is
supported by: 1) its strong market position in Canada; 2) basin
diversification in the US, including a limited presence in the
Permian which is currently oversupplied with pressure pumping, and
international diversification (Russia and Argentina), alleviating
down cycles in any one region; and 3) adequate liquidity.

Environmental and governance risks Moody's considers include the
environmental opposition to new oil pipeline construction that has
resulted in a shortage of pipeline take-away capacity limiting
producer growth and capex spending. Governance risks Moody's
considers are the financial policies that have led to high debt
loads in a volatile industry that can lead to sustained periods of
weak leverage and coverage and financial policies that lead to an
elevated risk of debt restructuring.

Calfrac has adequate liquidity (SGL-3). At September 30, 2019,
Calfrac had C$44 million of cash and C$146 million available under
its C$ 275 million revolving borrowing base credit facility due
June 2022 (C$375 million commitment). Moody's expects around break
even free cash flow over the next 12 months. Moody's expects
Calfrac to remain in compliance with its three financial covenants
through this period. Calfrac could sell some assets to raise
supplemental liquidity as proceeds that could be used to pay down
revolver outstandings, thereby increasing unused availability.

Calfrac's US$650 million senior unsecured notes are rated Caa3, one
notch below the Caa2 CFR, because of the priority ranking C$375
million secured credit facilities.

The stable outlook reflects its expectation that Calfrac's EBITDA
has bottomed and leverage will remain relatively stable through
2020.

An upgrade is unlikely until the risk of further debt restructuring
is clearly eliminated. However, factors that could lead to an
upgrade include sustainable EBITDA growth in an improving industry
environment and sustained positive free cash flow.

The ratings could be downgraded if liquidity weakens.

Calfrac Holdings LP is owned by publicly-traded parent Calfrac Well
Services Ltd., which is a Calgary, Alberta-based provider of
pressure pumping (fracking) services to oil and gas companies in
Canada, the United States, Russia, and Argentina.

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


CARECENTRIX INC: Moody's Cuts CFR to B2 & Alters Outlook to Neg.
----------------------------------------------------------------
Moody's Investors Service downgraded CareCentrix, Inc.'s Corporate
Family Rating to B2 from B1 and the Probability of Default Rating
to B2-PD from B1-PD. Moody's also downgraded the ratings on the
senior secured credit facilities to B2 from B1. The outlook was
changed to negative from stable.

The downgrade of the CFR reflects Moody's expectation that leverage
will increase materially in 2021 as a result of the forthcoming
loss of CareCentrix's Cigna contract, which generated roughly half
of its operating earnings in 2019. This contract will end in
January 2021, when the customer will bring the services in-house.
Moody's understands that the non-renewal of the contract was not
due to any performance issues on the part of CareCentrix. The
downgrade also reflects a significant reduction in scale and free
cash flow as a result of the loss. While the contract loss will
materially weaken the company's financial profile, Moody's believes
it will be partially mitigated by new business wins and cost
reductions over the next 12-18 months. Moody's expects adjusted
debt to EBITDA to peak above 8.0x in 2021 before improving to a
range of 5.0-6.0x by the end of 2022.

The negative outlook reflects the considerable business risk as
CareCentrix navigates through the loss of its largest customer. The
loss of scale could intensify margin pressure and reduce the
company's negotiating leverage both with providers and customers.
Further, there is the risk that new business wins and cost
reductions are insufficient to replace the lost earnings from the
contract. In addition, there is the risk that ramping up several
large new contracts at once, at the same time that it is winding
down its largest customer contract, will result in volatility in
profitability or working capital.

Moody's took the following rating actions:

CareCentrix, Inc.

Corporate Family Rating, downgraded to B2 from B1

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

Senior secured 1st lien revolver expiring 2023 to B2 (LGD4) from B1
(LGD4)

Senior secured 1st lien term loan due 2025 to B2 (LGD4) from B1
(LGD4)

Outlook action:

CareCentrix, Inc.

The outlook was changed to negative from stable.

RATINGS RATIONALE

CareCentrix's B2 CFR is constrained by the company's high financial
leverage and weakened business profile following the expected loss
in 2021 of its largest client, which contributed over half of the
company's earnings and cash flow. The rating is also constrained by
the company's customer concentration, which will remain high even
after the loss of the Cigna contract. These credit challenges are
balanced by the company's leading market position in the home
health benefits management market, favorable industry outlook and
very good liquidity. The company has also demonstrated a strong
track record of business execution and earnings growth. The rating
is supported by CareCentrix's very good liquidity and its sizeable
cash balance ($174 million as of December 31, 2019) relative to
outstanding debt (around $430 million). The company has no
near-term maturities. The revolver expires in 2023 and the term
loans mature in 2025.

Environmental risks are not considered material to the overall
credit profile of CareCentrix. Positive social considerations
include the growing demand for home health services which leads to
a greater desire from payors to control these costs. That said,
continued vertical integration of customers (health insurers)
raises the risk of future contract losses for CareCentrix. With
respect to governance, private equity ownership increases the risk
of shareholder friendly actions that come at the expense of
creditors. That said, the company has generally maintained
relatively low leverage and Moody's expects the company to be
financially prudent ahead of the 2021 Cigna contract loss.

The ratings could be upgraded if CareCentrix successfully navigates
the loss of its largest customer and is able to replace lost
earnings through new business wins and cost reductions. An upgrade
would be further supported by reduced customer concentration.
Specifically, if adjusted debt/EBITDA is expected to be sustained
below 5.0x, Moody's could upgrade the ratings.

The ratings could be downgraded if CareCentrix is not able to
demonstrate significant new business wins in 2020 ahead of the loss
of its largest customer. If the loss of scale reduces the company's
competitive position or intensifies margin pressure, the ratings
could be downgraded. Additionally, a material weakening in
liquidity or sustained negative free cash flow could also lead to a
downgrade. Further, the ratings could be downgraded if Moody's
believes that debt/ EBITDA will be sustained above 6.0x.

CareCentrix manages post-acute care claims for insurance companies.
The company derives the majority of its revenue from the home care
market. Its service offering includes home health, home infusion,
durable medical equipment, sleep management and care transition.
CareCentrix is owned by Summit Partners and generates over $1.8
billion in revenue.

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


CASTLE US: S&P Rates $300MM Sr. Unsecured Notes 'CCC'
-----------------------------------------------------
S&P Global Ratings assigned its 'CCC' issue-level rating and '6'
recovery rating to Castle US Holding Corp.'s (doing business as
Cision) proposed $300 million senior unsecured notes. The '6'
recovery rating indicates S&P's expectations for negligible
recovery (0%-10%; rounded estimate: 5%) of principal in a payment
default. The company will use proceeds to fund a shareholder
distribution.

The proposed transaction has no impact on S&P's 'B-' issuer credit
rating and stable outlook on Cision's parent Castle Intermediate
Holding V Ltd. While S&P forecasts adjusted leverage will remain
elevated above 8.0x over the next 12-24 months, the rating agency
expects free operating cash flow (FOCF) to debt to remain above 3%
its threshold for the current ratings.

Issue Ratings—Recovery Analysis

Key analytical factors

S&P's simulated default scenario assumes a default occurring in
2022 due to cash flow and liquidity problems stemming from adverse
technological changes, the company's failure to integrate its
acquisitions, and heightened competitive and pricing pressures.

The company's pro forma capital structure consists of a first-lien
facility that includes a $150 million revolving credit facility
maturing in 2025, a $1.75 billion first-lien term loan (USD$1.2
billion and US$550 million in Euro equivalent) maturing in 2027
with annual amortization of 1%, and the proposed $300 million
senior unsecured notes maturing in 2028.

S&P valued the company as a going concern by applying a 6x multiple
to its assumed emergence EBITDA of $192 million to derive an
estimated gross enterprise value of roughly $1.15 billion.

Simulated default assumptions

-- Simulated year of default: 2022

-- EBITDA at emergence: $192 million

-- EBITDA multiple: 6x

-- Revolver is 85% drawn at default

-- Obligor/nonobligor valuation split: 70%/30%

Simplified waterfall

-- Net enterprise value (after 5% administrative costs): About
$1095 million

-- Collateral value available to secured creditors: About $980
million

-- Secured first-lien debt: $1.9 billion

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

-- Senior unsecured debt: $312 million

-- Recovery expectations: 0% - 10% (rounded estimate: 5%)

Note: All debt amounts include six months of prepetition interest.

  Ratings List

  New Rating
  Castle US Holding Corporation

  Senior Unsecured
  US$300 mil nts due 2028    CCC
  Recovery Rating            6(5%)


CEN BIOTECH: Market Maker Files 15c211 with FINRA
-------------------------------------------------
A market maker has filed a Form 211 Application with the Financial
Industry Regulatory Authority to request permission to quote and
trade the securities of CEN Biotech, Inc. on OTC Markets.

The Form 211 Application must be approved by FINRA in order to
receive a ticker symbol and begin trading.  CEN Biotech intends to
submit an application to have its common stock quoted on OTC
Markets as soon as practicable after the Form 211 Application is
approved.  However, there can be no assurance that FINRA will
approve the Company's Form 211 Application, and if it does approve
it, there can be no assurance of the timing of such approval.

                          About CEN Biotech

CEN Biotech, Inc. -- http://www.cenbiotechinc.com/-- is a global
holding company focusing on Hemp (and it's legal derivatives),
functional and innovative foods and nutrition, and cutting edge
advancements in LED Lighting technology.

CEN Biotech reported a net loss of $7.53 million for the year ended
Dec. 31, 2018, following a net loss of $14.08 million for the year
ended Dec. 31, 2017.  As of Sept. 30, 2019, the Company had $7.38
million in total assets, $31.97 million in total liabilities, and a
total shareholders' deficit of $24.59 million.

Mazars USA LLP, in New York, New York, the Company's auditor since
2018, issued a "going concern" qualification in its report dated
April 16, 2019, citing that the Company has incurred significant
operating losses and negative cash flows from operations since
inception . The Company also had an accumulated deficit of
$35,655,053 at Dec. 31, 2018.  The Company is dependent on
obtaining necessary funding from outside sources, including
obtaining additional funding from the sale of securities in order
to continue their operations.  These conditions raise substantial
doubt about its ability to continue as a going concern.


CENTER OF ORLANDO: Allowed to Use Cash Collateral on Interim Basis
------------------------------------------------------------------
Judge Karen S. Jennemann of the U.S. Bankruptcy Court for the
Middle District of Florida authorized Center of Orlando for Women,
LLC to use cash collateral on an interim basis through Feb. 12,
2020.  

A continued preliminary hearing will be held on Feb. 12 at 2:00
p.m. at which time continued use of cash collateral will be
addressed.

Subject to the provisions of the Preliminary Order, the Debtor is
authorized to use cash collateral to pay: (a) amounts expressly
authorized by the Court, including payments to the U.S. Trustee for
quarterly fees; (b) the current and necessary expenses set forth in
the budget; and (c) such additional amounts as may be expressly
approved in writing by ASD Specialty Healthcare, LLC.

ASD may assert a first-priority security interest in the Debtor's
accounts and inventory by virtue of a recorded lien on Debtor's
personal property. As of the Petition Date, the Debtor owed an
unknown amount to ASD, which may be secured by a blanket lien on
the Debtor's personal property.

HLI Investments & Funding may assert a security interest in the
Debtor's accounts and inventory by virtue of a lien on the Debtor's
personal property. As of the Petition Date, the Debtor owed HLI an
unknown amount, which may be secured by a blanket lien on the
Debtor's personal property.

As adequate protection, the Secured Creditors are granted a
perfected post-petition lien against cash collateral to the same
extent and with the same validity and priority as the pre-petition
lien, without the need to file or execute any documents as may
otherwise be required under applicable nonbankruptcy law. The
Debtor is also required to maintain insurance coverage for its
property in accordance with the obligations under the loan and
security documents with Secured Creditors.

A copy of the Order is available at PacerMonitor.com at
https://is.gd/BHIhCt at no charge.

               About Center of Orlando for Women

Center of Orlando for Women, LLC, operates a clinic offering early
and late surgical and medication abortion procedures.  COW provides
numerous years of experience and has received specialized training
in the most current abortion methods. The clinics are a
comprehensive Reproductive Family Planning Facility and
additionally offer the following: Annual Gynecological Exams,
Breast Exams, Diagnosis and Treatment of Vaginal infections,
Diagnosis and Treatment of Sexually Transmitted infections, HIV
testing, Free Pregnancy Testing, Birth Control & Free Emergency
Contraception. The services are provided by highly trained
Physicians and Advanced Registered Nurse Practitioners who practice
under a supervised protocol.

COW filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
19-08241), on Dec. 18, 2019.  The petition was signed by Denise
Williams, managing member. The Debtor is represented by Jeffrey S.
Ainsworth, Esq. at BransonLaw, PLLC. At the time of filing, the
Debtor was estimated to have assets and liabilities of less than
$50,000.


CHRISTOPHER'S PLACE: Plan & Disclosures Due March 17, 2020
----------------------------------------------------------
On Jan. 8, 2020, the U.S. Bankruptcy Court for the Middle District
of Florida, Tampa Division, conducted a status conference to
implement the procedures governing the filing of a plan of
reorganization and disclosure statement by Debtor Christopher's
Place Retirement Home LLC.

On Jan. 9, 2020, Judge Michael G. Williamson ordered that:

  * The Debtor must file a Plan and Disclosure Statement on or
before March 17, 2020.

  * Pursuant to section 105(d)(2)(B)(vi) of the Bankruptcy Code,
the hearing on the approval of the Disclosure Statement shall be
consolidated with the hearing on the confirmation of the Plan.

  * If the Disclosure Statement is timely filed, the Court shall
review its adequacy. If the Disclosure Statement is found to be
adequate, the Court shall enter an order of conditional approval,
establishing pertinent deadlines and scheduling the Consolidated
Hearing.

A full-text copy of the order dated Jan. 9, 2020, is available at
https://tinyurl.com/toxghf9 from PacerMonitor.com at no charge.


CHRISTOPHER'S PLACE: Seeks Approval to Hire Bankruptcy Attorney
---------------------------------------------------------------
Christopher's Place Retirement Home, LLC, seeks approval from the
U.S. Bankruptcy Court for the Middle District of Florida to hire an
attorney to handle its Chapter 11 case.
   
In court papers, the Debtor proposes to employ Wendy DePaul, Esq.,
to prepare a Chapter 11 plan, review claims of creditors and
provide other legal services in connection with its bankruptcy
case.

The Debtor will pay the attorney $250 per hour for her services.  
The attorney received a retainer of $5,283, plus $1,717 for the
filing fee.

Ms. DePaul maintains an office at:

     Wendy J. DePaul, Esq.
     6957 E. Fowler Ave.
     Tampa, FL 33617
     Phone: (813) 606-4446
     Email: wendy@cohenanddepaul.com

             About Christopher's Place Retirement Home

Christopher's Place Retirement Home, LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-
10966) on Nov. 18, 2019.  At the time of the filing, the Debtor was
estimated to have assets of between $500,001 and $1 million and
liabilities of between $100,001 and $500,000.  Judge Michael G.
Williamson oversees the case.  Wendy DePaul, Esq., is the Debtor's
legal counsel.


COGECO COMMUNICATION: S&P Upgrades ICR to 'BB'; Outlook Stable
--------------------------------------------------------------
S&P Global Ratings raised all ratings on Cogeco Communication (USA)
by one notch, including the issuer credit rating, to 'BB' from
'BB-'.

While S&P's view of the standalone credit profile of Cogeco
Communications (USA) Inc. (doing business as ABB) (b+) is
unchanged, the rating agency now incorporates two notches of
support from its parent.   S&P believes the parent Cogeco's focus
on operating cable assets has sharpened with recent portfolio
decisions. ABB has invested in growth by purchasing assets such as
Metrocast, while Cogeco divested its data center properties in
recent years. As a result, ABB accounts for about 45% of
consolidated revenue (up from 25% in 2015), and S&P believes this
mix could increase in the future based on organic growth prospects
at ABB and the potential for acquisitions. Given the importance of
ABB to Cogeco's growth strategy, the rating agency views a sale as
less likely than it had previously been.

While Cocego and ABB operate in different jurisdictions that
preclude financial incentives to support ABB, such as cross-default
provisions, S&P believes ABB has the long-term support of senior
group management. In fact, there are areas where the companies have
integrated and consolidated services such as procurement and
information technology. S&P believes this operating efficiency also
strengthens the relationship, making long-term financial support
more likely.

S&P's stable outlook reflects downside protection for the rating,
given the rating agency's view that ABB is strategically important
to Cogeco. There are limitations on the upside, because the ratings
gap between the two entities has narrowed. On a stand-alone basis,
the rating agency continues to expect that the company will benefit
from solid growth from high-speed data and commercial services in
the near term, such that S&P's adjusted leverage declines to
slightly below 5x in 2020.

"An upgrade is unlikely because the rating is capped at one notch
below the parent, which is currently rated 'BB+'. Therefore, the
most likely path to an upgrade involves raising the parent's
rating. Separately, we could revise our stand-alone credit profile
(b+) if management commits to maintaining leverage below 5.5x on a
sustained basis, which we view as unlikely given the potential for
debt-financed acquisitions at ABB. This would not affect the 'BB'
issuer credit rating unless we raise the SACP three notches, which
is highly unlikely," S&P said.

"A downgrade is unlikely because strategically important
subsidiaries such as ABB receive three notches of uplift (subject
to a cap of one notch below the group credit profile of 'BB+').
Therefore, the most likely path to a downgrade would involve
downgrading the parent. Separately, we could lower the SACP if
leverage were to rise above 7x, which we view as unlikely given
favorable operating trends with predictable EBITDA growth over the
next year. This would not affect the issuer rating on ABB unless we
lower the SACP (b+) more than one notch," the rating agency said.


CONSIS INTERNATIONAL: Feb. 26 Plan & Disclosure Hearing Set
-----------------------------------------------------------
On Dec. 27, 2019, Debtor Consis International, LLC filed a Fourth
Amended Disclosure Statement with respect to its Fourth Amended
Plan of Reorganization. On January 9, 2020, Judge Scott M. Grossman
conditionally approved the disclosure statement and established the
following dates and deadlines:

   * Feb. 26, 2020, at 1:30 p.m., at the United States Bankruptcy
Court 299 E. Broward Boulevard, Courtroom 308 Ft. Lauderdale, FL
33301 is the hearing on final approval of the disclosure statement
and confirmation of the plan.

   * Feb. 12, 2020, is fixed as the last day for filing written
acceptances or rejections of the plan.

   * Feb. 19, 2020, is fixed as the last day for filing and serving
written objections to the disclosure statement.

   * Feb. 12, 2020, is the deadline for filing ballots accepting or
rejecting plan.

A full-text copy of the Order dated Jan. 9, 2020, is available at
https://tinyurl.com/uktyn9u from PacerMonitor.com at no charge.

The Debtor is represented by:

         Aleida Martinez-Molina, Esquire
         Weiss Serota Helfman Cole & Bierman, PL
         2525 Ponce de Leon Boulevard, Suite 700
         Coral Gables, Florida 33134

                   About Consis International

Consis International LLC -- https://www.consisint.com/ -- provides
computer systems design and related services. It was founded in
August 1987 in Caracas, Venezuela.

Consis International sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-22233) on Oct. 2,
2018. In the petition signed by Oscar Carrera, manager, the Debtor
was estimated to have assets of less than $1 million and
liabilities of $1 million to $10 million.  Judge John K. Olson
oversees the case.  Weiss Serota Helfman Cole & Bierman, P.L., is
the Debtor's legal counsel.


CORALREEF PRODUCTIONS: To Seek Plan Approval Feb. 26
----------------------------------------------------
On Jan. 6, 2020, Debtor Coralreef Productions, Inc., filed with the
U.S. Bankruptcy Court for the Eastern District of Michigan,
Southern Division, a plan and disclosure statement, in a document
entitled "Amended Debtor's Combined Plan of Reorganization and
Disclosure Statement."  On Jan. 9, 2020, Judge Thomas J, Tucker
ordered that:

  * The Disclosure Statement is granted preliminary approval,
subject to any timely objections to final approval that are filed
under the Court's "Order Establishing Dates and Deadlines,"
previously entered.

  * Feb. 14, 2020, is the deadline to return ballots on the Second
Amended Plan, as well as to file objections to final approval of
the Disclosure Statement and objections to confirmation of the
Second Amended Plan.

  * Feb. 26, 2020, at 11:00 a.m., in Room 1925, 211 W. Fort Street,
Detroit, Michigan is the hearing on objections to final approval of
the Disclosure Statement and confirmation of the Second Amended
Plan.

  * Feb. 21, 2020, is the deadline for the Debtor to file a signed
ballot summary indicating the ballot count under 11 U.S.C. Sec.
1126(c) & (d).

A full-text copy of the order dated Jan. 9, 2020, is available at
https://tinyurl.com/w899497 from PacerMonitor.com  at no charge.

                    About Coralreef Productions

Coralreef Productions, Inc., dba Nine9, d/b/a Nine9 the Unagency,
d/b/a One Source Talent -- https://nine9.com -- is a casting agency
that helps models and actors advance their careers in the
entertainment industry. The opportunities range from television,
film, commercial, music video, runway, print, and promotional
castings and gigs.

The company filed a Chapter 11 petition (Bankr. E.D. Mich. Case
No.19-56749) on Nov. 26, 2019 in Detroit, Michigan.  In the
petition signed by Anthony Toma, president, the Debtor was
estimated to have between $100,000 and $500,000 in assets, and
between $1 million and $10 million in liabilities.  Judge Thomas J.
Tucker is assigned to the case.  Schafer and Weiner, PLLC is the
Debtor's counsel.


CROSSROADS COLLISION: Seeks to Hire Dean W. Greer as Legal Counsel
------------------------------------------------------------------
Crossroads Collision Holdings, LLC, seeks approval from the U.S.
Bankruptcy Court for the Western District of Texas to hire the Law
Offices of Dean W. Greer as its legal counsel.

The firm will provide services in connection with the Debtor's
Chapter 11 case, which include legal advice regarding its powers
and duties under the Bankruptcy Code and the preparation of a plan
of reorganization.

The firm charges an hourly fee of $300.

Dean Greer, Esq., disclosed in court filings that he is
"disinterested" within the meaning of Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Dean W. Greer, Esq.
     Law Offices of Dean W. Greer
     2929 Mossrock, Suite 117
     San Antonio, TX 78230
     Telephone: (210) 342-7100
     Telecopier: (210) 342-3633
     Email: dwgreer@sbcglobal.net

                About Crossroads Collision Holdings

Crossroads Collision Holdings, LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. W.D. Texas Case No. 20-50094) on
Jan. 9, 2020.  At the time of the filing, the Debtor disclosed
assets of between $500,001 and $1 million and liabilities of the
same range.  Judge Craig A. Gargotta oversees the case.  The Debtor
is represented by the Law Offices of Dean W. Greer.


D.J. GUZZARDO: Seeks to Hire Phillip K. Wallace as Legal Counsel
----------------------------------------------------------------
D.J. Guzzardo, Inc., seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Louisiana to hire Phillip K. Wallace,
PLC 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.

Phillip Wallace, Esq., the firm's attorney who will be handling the
case, charges an hourly fee of $250.  Paralegals charge $80 per
hour.  

The Debtor paid the firm $1,717 to file its bankruptcy case.  
  
The firm neither represents nor holds any interest adverse to the
Debtor and its bankruptcy estate, according to court filings.

The firm can be reached through:

     Phillip K. Wallace, Esq.
     Phillip K. Wallace, PLC
     4040 Florida Street, Suite 203
     Mandeville, LA 70448
     Telephone: (985) 624-2824
     Facsimile: (985) 624-2823
     Email: Philkwall@aol.com

                        About D.J. Guzzardo

D.J. Guzzardo, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. La. Case No. 20-10141) on Jan. 20,
2020.  At the time of the filing, the Debtor disclosed assets of
between $500,001 and $1 million and liabilities of the same range.
Phillip K. Wallace, Esq., is the Debtor's legal counsel.


DELMAR SUBS: Proposes an Auction Sale of Elkon Assets
-----------------------------------------------------
Delmar Subs, Inc., asks the U.S. Bankruptcy Court for the District
of Maryland to authorize the auction sale of its equipment,
inventory, and other assets located at store # 32789 at 108 Big Elk
Mall, Elkton, Maryland, free and clear of all liens and
encumbrances including the liens held by the BB&T Commercial
Equipment Capital Corp.

The Debtor owns and operates five franchise Subway sandwich retail
businesses one of which is located at Elkton.  It has continued its
operations and its business activities has continued as a DIP.

The Bank is a financial institution doing business within the State
of Maryland.

The Debtor has been operating the store for several years at a
loss; the store has not been profitable, and Delmar Subs, Inc., had
the store listed for private sale.  Mr. Raymond H. Burrows, III, is
the president and 50% stockholder of Ray's Subway.  Despite his
best efforts, Mr. Burrows was unable to obtain a buyer for Elkton.
Prospective buyers have not been able to obtain any financing to
the purchase the business.  

Mr. Burrows is personally obligated on the franchise agreement for
the operation of Elkton and is also personally obligated on the
sublease for the Elkton premises.  Mr. Burrows in his personal
Chapter 11 case filed on Oct. 3, 2019, Case number 19-23255-NVA,
sought and obtained authority to reject both the franchise
agreement and the sublease for Elkton, and due to sustained losses,
the decision was made to close the store.  The landlord is
requiring that the business premises be vacated and all equipment
cleared out by Jan. 3, 2020, which the Debtor avers does not leave
sufficient time to advertise and to conduct an auction on site.  

By separate application, Delmar has sought authority to employ and
to compensate PCI Auctions East Coast, LLC, to sell Elkton's
equipment by public auction.   

The Bank holds security interests in all of the assets, tangible
and intangible, located at the store including the equipment
pursuant to Promissory Notes and certain Commercial Security
Agreements dated Dec. 4, 2012; Jan. 21, 2014; Aug. 19, 2014; and
Sept. 10, 2014, together with all other documents executed in
connection with the loan to the debtor duly perfected by the
recordation of financing statements which lien has been extended
post-petition and determined to be in the initial principal amount
of $80,000 pursuant to the terms and conditions of a Consent Cash
Collateral Order entered on Nov. 27, 2019, and on Dec. 12, 2019 on
which restructured secured debt post-petition payments have been
made to the Bank.

The Debtor avers that the public auction sale free and clear of the
liens of the Bank -- with hose liens transferring to and attaching
to the net proceeds of sale after the payment of auctioneer fees,
commissions, and the reasonable costs of the relocation of the
equipment to another site -- would generate higher auction sales
prices than were the equipment to be sold subject to the Bank's
liens.

                        About Delmar Subs

Delmar Subs, Inc. is a privately held company that operates in the
restaurant industry.  The company has store locations at 1227
Eastern Blvd., Essex, Md., 108 Big Elk Mall, Elkton, Md; and 319
North Dupont Highway, Smyrna, Del.

Delmar Subs, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 19-24928) on Nov. 7, 2019.
In the petition signed by its president, Raymond H. Burrows, III,
the Debtor disclosed $271,840 in assets and $1,405,031 in debt.
Judge Robert A. Gordon is assigned to the case.  The Debtor tapped
Marc Robert Kivitz, Esq., at the Law Office of Marc R. Kivitz.


DELOREAN SERVICE: Unsecureds to Get 10% in 5 Years in Plan
----------------------------------------------------------
DeLorean Service Northwest, LLC, a small business debtor, is
proposing a Chapter 11 reorganization plan.

The funding for the Plan is coming from the ongoing revenue
generated by the Debtor through the restoration, service,
consignment, support, and maintenance of DeLorean Motor Cars and
other classic exotic cars.

Under the Plan, holders of general unsecured claims in Class 1 will
receive a distribution equal to 10% of their claims based on the
best efforts of the Debtor.  Unsecured creditors will receive their
pro rata monthly distributions beginning March 15, 2020, or 15th
day of the first full month following the effective date of the
Plan, whichever occurs latest.  Those creditors whose total payout
under the Plan of less than $500 shall receive a one-time full
payment of the dividend within 90 days of the effective date of the
Plan.  The estimated total to be distributed will be $18,243.  The
Debtor may elect to pay creditors in this class on a quarterly
basis rather than monthly, with payments due on the 15th day of
each new calendar quarter, at its sole discretion based upon cash
flow and in the exercise of its business judgment. Payments will
end 60 months following the payment start date (with the last
payment due on February 15, 2025, approximately).  Creditors will
receive their full distributions under the Plan as a balloon
payment on or before April 1, 2025, if there is any balance due at
that time.

A full-text copy of the Disclosure Statement dated January 17,
2020, is available at https://tinyurl.com/wet9lne from
PacerMonitor.com at no charge.

Attorney for Debtors:

     Larry B. Feinstein
     Kathryn P. Scordato
     Vortman & Feinstein
     929 108th Ave NE, Suite 1200
     Bellevue, WA 98004
     Tel: 206-223-9595
     Fax: 206-386-5355

               About DeLorean Service Northwest

Based in Redmond, Washington, DeLorean Service Northwest, LLC, is a
small business specializing in the restoration, service, support,
and maintenance of DeLorean Motor Cars and other classic exotic
cars.  In recent years, the company has also facilitated the sale
of DeLoreans to members of the community.  The company was founded
by Peter "Toby" and Maura Peterson in 2007.

DeLorean Service Northwest sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Wash. Case No. 19-11211) on April
2, 2019.  At the time of the filing, the Debtor was estimated to
have assets of less than $100,000 and liabilities of less than
$500,000.  The case has been assigned to Judge Christopher M.
Alston.  Vortman & Feinstein is serving as the Debtor's legal
counsel.


DELPHI TECHNOLOGIES: Fitch Puts BB LT IDR on Rating Watch Positive
------------------------------------------------------------------
Fitch Ratings placed the ratings of Delphi Technologies PLC,
including its Long-Term Issuer Default Rating of 'BB', on Rating
Watch Positive following its agreement to be acquired by BorgWarner
Inc. in an all-stock transaction that values DLPH at an enterprise
value of about $3.3 billion. DLPHs ratings apply to $800 million in
senior unsecured notes.

KEY RATING DRIVERS

Stronger Post-Acquisition Credit Profile: The Positive Rating Watch
is driven by Fitch's expectation that BWA's credit profile
following the acquisition of DLPH will be substantially stronger
than DLPH's standalone credit profile. This is due to BWA's
stronger pre-acquisition standalone credit profile, and its
decision to acquire DLPH in an all-stock transaction, with no
incremental leverage. Fitch estimates that BWA's leverage will be
in the mid-1x range at closing, and will decline slightly over the
subsequent 24 months as the attainment of synergies leads to
increased EBITDA. This compares to DLPH's standalone EBITDA
leverage of 3.4x at Sept. 30, 2019. Fitch had previously expected
DLPH's standalone leverage to run in the low-3x range over the next
couple of years. BWA and DLPH expect the acquisition to close in
the second half of 2020 (2H20), and Fitch expects to upgrade DLPH's
ratings near the time of the closing. Fitch expects that it will
likely upgrade DLPH's ratings several notches into the
investment-grade range.

Acquisition Benefits: The acquisition of DLPH will significantly
enhance the diversity of BWA's book of business, particularly in
electrified powertrain technologies, as well as adding scale and
product breadth in internal combustion engine (ICE) product
offerings, and goes along with the company's strategy of offering a
balanced suite of products for ICE, hybrid, and full electric
powertrains. It will also increase BWA's presence in the commercial
vehicle and aftermarket end-markets. BWA has a history of
successfully combining acquired technologies with its existing
products to grow its business into new areas, much as it did
following its acquisition of Remy International, Inc. (REMY) in
2015, and Fitch expects the company will have similar opportunities
to marry its existing technologies with those of DLPH following the
acquisition. It will also benefit DLPH as the combined company will
be less sensitive to declining demand for light-vehicle diesel
engines, particularly in Europe, which has weighed heavily on
DLPH's standalone performance over the past year.

Acquisition Risks: Although Fitch expects the DLPH acquisition to
grow and diversify BWA's business, there are also important risks
associated with it. Merging both companies' operations could lead
to potential integration issues or higher-than-expected integration
costs. It could also delay the attainment of the expected synergies
or reduce the overall synergies derived from the transaction.

DLPH's performance over the past year was also weaker than Fitch
had expected due largely to a more negative diesel market in
Europe, lower vehicle production volumes in China and
higher-than-expected restructuring costs. Fitch expects benefits
from its restructuring programs and other operational improvements
will improve its standalone profitability over the intermediate
term, but ongoing mix challenges or lower-than-expected volumes in
key end-markets could make attainment of the planned acquisition
synergies more challenging.

Acquisition Overview: BWA's acquisition of DLPH will create a
larger company with product offerings covering a wide range of
powertrain and drivetrain components for vehicles with all types of
powertrains. BWA has elected to finance the acquisition using only
stock, which will minimize the effect of the acquisition on the
company's credit profile. The enterprise value for the transaction
equates to approximately $3.3 billion or about 6.4x DLPH's
estimated 2019 adjusted EBITDA. BWA estimates that various
synergies will result in $125 million in run-rate profit
improvement by 2023, and including those synergies, the company
estimates the transaction multiple would be 5.2x. BWA and DLPH
expect to close the transaction in the 2H20.

DERIVATION SUMMARY

DLPH's ratings reflect its positioning as a smaller auto supplier
with a less diverse product offering than its larger global peers.
DLPH's profitability is relatively strong, as it generates EBITDA
margins that are roughly consistent with auto suppliers in the
low-'BBB' category. However, since its spin-off from Aptiv PLC,
DLPH's FCF margins have been relatively weak and are likely to be
negative to breakeven in the near term due to elevated capex and
restructuring costs. FCF margins at this level are more consistent
with auto suppliers in the low-'BB' category or below. EBITDA
leverage in the low- to mid-3x range is also consistent with auto
suppliers in the low-'BB' category, although Fitch expects both FCF
margins and EBITDA leverage to improve over the intermediate term.

Among other rated auto suppliers, Dana Incorporated (BB+/Stable)
has about twice DLPH's standalone revenue, a more diversified
product offering and customer base and EBITDA leverage that is
about 1x lower. Tenneco Inc. (BB-/Stable), following its
acquisition of Federal-Mogul LLC, has nearly four times the revenue
of DLPH, but with lower EBITDA margins (partly explained by a high
percentage of pass-through commodity-driven revenue) and
significantly higher post-acquisition EBITDA leverage.

KEY ASSUMPTIONS

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

  -- The acquisition of DLPH in an all-stock transaction is
     completed in the 2H20;

  -- DLPH's unsecured notes remain in BWA's capital structure, but
     BWA repays DLPH's secured term loan A with cash and proceeds
     from new debt;

  -- Post acquisition, BWA achieves acquisition synergies of $125
     million by 2023;

  -- U.S. light vehicle sales run at about 16.6 million units in
     2020, while global sales decline in the low-single-digit
     range. After 2020, U.S. industry sales run in a mid-16
     million unit range for several years, while global sales
     rise at a low-single-digit rate.

  -- BWA's revenue rises substantially in 2020 as a result of the
     DLPH acquisition, and then increases at a mid-single-digit
     rate in the following years due to product penetration
     growth, positive mix and roughly stable global auto
     production.

  -- EBITDA margins remain relatively solid, in the mid-teens,
     over the next several years.

  -- FCF is solid, with post-dividend FCF margins generally
     running in the 3%-4% range post acquisition.

  -- Post-acquisition capex runs in the 5%-6% range, near BWA's
     recent historical levels.

  -- Post acquisition, the company maintains a solid liquidity
     position, with excess cash used primarily for share
     repurchases.

RATING SENSITIVITIES

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

  -- Fitch expects the Rating Watch will be resolved with a
     positive rating action if the transaction is consummated
     as proposed.

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

If the acquisition is not completed, the following rating
sensitivities would apply to DLPH as a standalone business:

  -- A severe decline in global vehicle production that leads
     to reduced demand for DLPH's products;

  -- A debt-funded acquisition that leads to weaker credit
     metrics for a prolonged period;

  -- Sustained EBITDA margin below 8%;

  -- Sustained FCF margin below 1%;

  -- Sustained FFO-adjusted leverage above 3.5x;

  -- Sustained gross EBITDA leverage above 3.0x;

  -- Sustained FFO fixed charge coverage below 3.5x.

LIQUIDITY AND DEBT STRUCTURE

Liquidity: As of Sept. 30, 2019, DLPH had $104 million of
unrestricted cash and cash equivalents and an undrawn $500 million
senior secured revolver that matures in 2022. Based on the
seasonality of the company's cash flows, as of Sept. 30, 2019,
Fitch has treated all of DLPH's unrestricted cash and cash
equivalents as readily available. This is up from $50 million that
was treated as not readily available at Sept. 30, 2018, with the
reduction largely due to less seasonal variability expected in the
company's cash flows going forward.

Debt Structure: In addition to the revolver, at Sept. 30, 2019,
DLPH's capital structure consisted primarily of a secured term loan
A due 2022 that had $703 million outstanding and $800 million in
senior unsecured notes. DLPH is the primary borrower for the
revolver and term loan A, with DLPH's wholly owned subsidiary
Delphi Powertrain Corporation designated as a co-borrower. DLPH was
the issuer of the senior unsecured notes.

In addition to the term loan A and the senior unsecured notes, DLPH
had $21 million in finance leases and other debt outstanding at
Sept. 30, 2019, as well as an estimated $149 million in outstanding
off-balance sheet factoring that Fitch treats as debt.

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.


DELPHI TECHNOLOGIES: S&P Places 'BB-' ICR on CreditWatch Positive
-----------------------------------------------------------------
S&P Global Ratings placed its 'BB-' issuer and issue-level credit
ratings on Delphi Technologies PLC and its first-lien debt rating
on CreditWatch with positive implications.

S&P said, "We based the CreditWatch placement on expected
improvements in the scale, scope, and diversity of the combined
business. In particular, we think the merger is consistent with
BorgWarner's strategic direction and product offering with regard
to combustion, hybrid, and electric propulsion, resulting in
greater content per vehicle relative to BorgWarner.

"The final rating outcome, following closing of the transaction,
will depend on the proposed capital structure and revenue and cost
synergies. We expect BorgWarner to repay or assume all of Delphi's
rated debt as part of the transaction."

CreditWatch

S&P said, "We expect to resolve the CreditWatch listing prior to
the close of the transaction in the second half of 2020, subject to
approval by shareholders, the satisfaction of customary closing
conditions, and receipt of regulatory approvals.

"Upon close of transaction, we are likely to discontinue ratings on
Delphi if all its debt is likely to be repaid or transferred to
BorgWarner."


DESERT LAND: Trustee Proposes an Auction of Assets
--------------------------------------------------
Kavita Gupta, the Trustee for Desert Land, LLC and its affiliates,
asks the U.S. Bankruptcy Court for the District of Nevada to
shorten time to hear his proposed bidding procedures in connection
with the auction sale or sales of the Debtors' assets.

The Ex Parte Application is made and based upon Fed. R. Bankr. P.
9006, the memorandum of points and authorities, the declaration of
Kevin Coleman, Esq., the Attorney Information Sheet filed
contemporaneously with the Motion, and the papers and pleading on
file, judicial notice of which is respectfully requested.

There is cause to hear the Motion on shortened time for the
following reasons:

     a. The Trustee has received approval to retain Colliers
Nevada, LLC, doing business as Colliers International, and
Keen-Summit Capital Partners, LLC to run an auction process for the
Debtors' assets.

     b. Part of the marketing campaign involves placing
advertisements in international, national, regional, and trade
publications at a cost of $100,000.  In order to begin publishing
print advertisements by mid-January, ad space must be reserved
during the first business days of January.  The Brokers recommend
including the deadline for submission of offers and the auction
date in the advertisements.  The Motion asks the Court to establish
those deadlines (among other things), and so it is very important
to the auction process to obtain an order from the Court before the
end of this calendar year establishing what those dates will be.  


     c. In addition, interested parties have been afforded several
opportunities to review and comment on the proposed bid procedures.
An initial draft was attached to the Trustee's Case Status
Conference Statement filed (under seal) on Dec. 2, 2019.   After
receiving preliminary comments from the counsel, a revised draft of
the bid procedures was circulated on Dec. 12, 2019 to the counsel
for all of the secured lenders, the Gonzales Trust, the Debtors,
Brian Shapiro, trustee for SkyVue Las Vegas LLC, and Compass
Investments.  A telephone conference lasting more than 2.5 hours
was held on December 13 to discuss comments and proposed revisions
to the bid procedures.   Following that conference call, a third
draft of the bid procedures was circulated on Dec. 16, 2019.  A
draft of the Motion, further revised bid procedures, and the draft
Purchase and Sale Agreement were circulated on Dec. 18, 2019.  

The Trustee respectfully asks that the Court grant the Ex Parte
Application and issue an order: (i) shortening time to hear the
Motion on Dec. 30, 2019 at 1:30 p.m., or as soon as the Court’s
calendar permits; and (ii) requiring any opposition to the Motion
to be made orally at the December 30th hearing.

                       About Desert Land

On April 30, 2018, Tom Gonzales commenced an involuntary petition
for relief under Chapter 7 of the Bankruptcy Code against Desert
Land, LLC.  The petitioning creditor was Bradley J. Busbin, as
trustee of the Gonzales Charitable Remainder Unitrust One.  Jamie
P. Dreher -- jdreher@downeybrand.com -- of Downey Brand LLP
represents the Trustee.

The Debtor and its affiliates sought and obtained the conversion of
the case to a case under Chapter 11 on June 28, 2018 (Bankr. D.
Nevada, Lead Case No. 18-12454).  The Debtor's affiliates are
Desert Oasis Apartments LLC, Desert Oasis Investments, LLC, and
Skyvue Las Vegas LLC.

Schwartzer & McPherson Law Firm serves as the Debtors' counsel.


DISTINGUISHED KITCHENS: Final Cash Collateral Order Entered
-----------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Distinguished Kitchens and Baths,
LLC to use the cash collateral of First Home Bank in the manner set
forth in the Final Order.

The Debtor is permitted to use cash collateral up to the amounts
shown in the Budget. The Debtor will operate strictly in accordance
with the Budget and to spend cash collateral, not to exceed 10%
above the amount shown in the Budget.

Pre-petition, First Home Bank, SBA Lending Division, provided funds
to the Debtor for general operating purposes under a Commercial
Promissory Note in the principal sum of $100,000. To secure its
obligations under the Note, the Debtor granted First Home Bank a
lien on all of its assets including, among other things, accounts,
chattel paper, investment property, deposit accounts, documents,
goods, equipment, farm products, general intangibles, instruments,
inventory, money, letter of credit rights, causes of action and
other personal property.

As adequate protection for the use of cash collateral and for any
diminution in value of the prepetition collateral, First Home Bank
is granted a valid, perfected replacement lien upon, and security
interest in, to the extent and in the order of priority of any
valid lien pre-petition, all cash generated post-petition by the
Property.

The Debtor's authority to use cash collateral will immediately
cease upon the occurrence of one of the following events:

     (a) If a trustee is appointed in this Chapter 11 Case;

     (b) If the Debtor breaches any term or condition of the Final
Order or any of First Home Bank's loan documents, other than
defaults existing as of the Petition Date;

     (c) If the Case is converted to a case under Chapter 7 of the
Bankruptcy Code;

     (d) If the case is dismissed; or

     (e) If any violation or breach of any provision of the Final
Order occurs.

A copy of the Final Order is available at PacerMonitor.com at
https://is.gd/lsGRT1 at no charge.

                  About Distinguished Kitchens

Distinguished Kitchens and Baths, LLC filed for Chapter 11
bankruptcy protection (Bankr. S.D. Fla. Case No. 19-26953) on Dec
19, 2019, estimating under $1 million in both assets and
liabilities.  The petition was signed by Danny McMullen, managing
member.  Judge Erik P. Kimball oversees the case.  Aaron A.
Wernick, Esq., at Furr & Cohen, P.A., is the Debtor's legal
counsel.


DOUBLE L FARMS: Feb. 18 Hearing on Amended Disclosures
------------------------------------------------------
A hearing to determine whether the Amended Disclosure Statement
filed by Double L Farms, Inc., in support of its Chapter 11 Plan
contains adequate information as required by Section 1125 of Title
11 United States Code, will be held before the US Bankruptcy Judge
at the United States Courthouse, 801 E Sherman St., Pocatello, ID
83201 on 02/18/20 at 1:30 p.m. Mountain Time.

Written objections and/or proposed modifications to the First
Amended Disclosure Statement must be filed not less than seven days
prior to the time set for hearing.

According to the Amended Disclosure Statement, the Plan calls for
the controlled and timely liquidation of all assets over the next
year through a series of private sales, surrenders, and
liquidations, while preserving estate values by leasing out
Debtor's real property pending sale.  More specifically, the Plan
will call for:

  * Divestiture of the dairy through an ancillary sale motion
  * Sale of the Debtor's shop to the adjoining landowner
  * Disposition of equipment through private sale, public auction,
or surrender to lienholders
  * Beef herd will continue eating through current feed that was
otherwise reserved for the dairy, and sold when market conditions
are optimum, but not later than Sept. 30, 2020.
  * Immediate marketing of all real properties owned by Debtor
  * Real properties will be leased until sold
  * Once all assets have been sold, the Debtor's business will
cease to exist.

The Debtor is a farm operation that as a part of good agricultural
practice, sells its crop inventory throughout the year.  Income
received from these sales has been accounted for in the monthly
reports filed by the Debtor.  The Debtor anticipates disposing of
the following assets prior to or concurrently with confirmation of
its Plan:

-- Dairy operation (consisting of dairy cows, calves, and
equipment)
-- The real property located at 4344 E. 500 N., Rigby, ID 83442,
also known as the "Shop Property."
-- All equipment except equipment required to effectively store,
sale, move, or otherwise dispose of current crops on hand

A full-text copy of the First Amended Disclosure Statement dated
Jan. 17, 2020, is available at https://tinyurl.com/yx6zkoub from
PacerMonitor.com at no charge.

Counsel for the Debtor:

     Robert J. Maynes
     Mark V. Cornelison
     MAYNES TAGGART PLLC
     PO Box 3005
     Idaho Falls, ID 83403
     Telephone: (208) 552-6442
     Facsimile: (208) 524-6095
     E-mail: rmaynes@maynestaggart.com
             mcornelison@maynestaggart.com

                     About Double L Farms

Double L Farms, Inc.'s farm operation consists of 3,200 acres in
Eastern Idaho.  It owns approximately 1,777 acres and leases the
difference.  The farm ground is located primarily in Roberts and
Rigby, Idaho.  Double L operates a dairy, raises beef cattle, and
grows potatoes, barley, wheat, corn and hay.

Double L Farms sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Idaho Case No. 18-40910) on Oct. 9, 2018.  In the
petition signed by Jared Keith Lewis, president, the Debtor was
estimated to have assets of $1 million to $10 million and
liabilities of $10 million to $50 million.  Judge Joseph M. Meier
is the presiding judge.  The Debtor tapped Maynes Taggart PLLC as
its legal counsel.


DURA AUTOMOTIVE: Proposes Sale-Based Chapter 11 Plan
----------------------------------------------------
DURA Automotive Systems, LLC, et al., have proposed a Chapter 11
plan that will be funded by the proceeds of the sale of their
assets.

The Plan contemplates the sale of substantially all of the assets
of the Debtors.  The Plan contemplates a transfer of the assets to
the party that offers the highest or otherwise best bid at the
Debtors' auction.  The purchaser or any stalking horse bidder has
not been identified in the present iteration of the Disclosure
Statement.

The Plan:

  (a) provides for the full and final resolution of all funded debt
obligations;

  (b) provides for 100 percent recoveries for Holders of Allowed
Administrative Claims, Priority Tax Claims, DIP Facility Claims,
Professional Fee Claims, Other Priority Claims and Other Secured
Claims;

  (c) provides for the distribution of the General Unsecured Claims
Amount to Holders of Allowed General Unsecured Claims and Affiliate
Claims, in each case, to the extent such claims are not assumed by
the Purchaser;

  (d) provides for any net cash proceeds of the sale transaction
remaining after General Unsecured Claims and Affiliate Claims are
paid in full to be distributed to Holders of Dura Interests
following entry of an order directing such distribution;

  (e) cancels all Section 510(b) Claims without making any
distribution on account of such claims;

  (f) provides for consummation of the Sale Transaction;

  (g) grants certain releases to insiders (as such term is defined
in section 101(31) of the Bankruptcy Code) of and lenders to the
Debtors; and

  (h) designates a Liquidating Trustee to (i) wind down the
Debtors' businesses and affairs, (ii) pay and reconcile Claims as
provided in the Plan, and (iii) administer the Plan in an effective
and efficient manner.

The Plan classifies Holders of Claims and Interests according to
the type of the Holder's Claim or Interest.  Holders of Claims and
Interests in Class 3 (Term Loan Claims), Class 4 (General Unsecured
Claims), Class 5 (Affiliate Claims), and Class 9 (Dura Interests)
are entitled to vote to accept or reject the Plan.

The Plan proposes to fund creditor recoveries from cash on hand,
the Sale Transaction Proceeds (if any), the General Unsecured
Claims Amount, the Wind-Down Amount, the Debtors' rights under the
Sale Transaction Documentation, payments made directly by the
Purchaser on account of any Assumed Liabilities under the Sale
Transaction Documentation, payments of Cure Costs made by the
Purchaser pursuant to Sections 365 or 1123 of the Bankruptcy Code,
the return of any utility deposits as set forth in the Utility
Order, and all Causes of Action not previously settled, released,
or exculpated under the Plan, if any.

The General Unsecured Claims Amount will be used to make
distributions on account of Allowed General Unsecured Claims and
Affiliate Claims on a pro rata basis.

A full-text copy of the Disclosure Statement dated Jan. 17, 2020,
is available at https://tinyurl.com/r9dlhj4 from PacerMonitor.com
at no charge.

Co-Counsel to the Debtors:

     James H.M. Sprayregen, P.C.                                   
           
     Ryan Blaine Bennett, P.C.
     Gregory F. Pesce
     KIRKLAND & ELLIS LLP                                          
            
     KIRKLAND & ELLIS INTERNATIONAL LLP                           
     300 North LaSalle Street                                      
                    
     Chicago, Illinois 60654                                       
                      
     Telephone: (312) 862-2000                                     
                       
     Facsimile: (312) 862-2200                                     
                     
     E-mail: jsprayregen@kirkland.com                              
          
             rbennett@kirkland.com                                 
                           
             gregory.pesce@kirkland.com

                - and -

     Justin R. Alberto
     Erin R. Fay
     Daniel N. Brogan
     600 N. King Street, Suite 400
     BAYARD, P.A.
     Wilmington, Delaware 19801
     Telephone: (302) 655-5000
     Facsimile: (302) 658-6395
     E-mail: jalberto@bayard.com
             efay@bayardlaw.com
             dbrogan@bayardlaw.com

              - and -

     Christopher J. Marcus, P.C.
     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: christopher.marcus@kirkland.com

               About Dura Automotive Systems

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

Dura Automotive Systems sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Tenn. Lead Case No. 19-06741) on Oct.
17, 2019.

At the time of the filing, the Debtors had estimated assets of
between $100 million and $500 million and liabilities of between
$100 million and $500 million.  

The cases have been assigned to Judge Randal S. Mashburn.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as bankruptcy counsel; Bradley Arant Boult
Cummings LLP as local counsel; Portage Point Partners, LLC as
restructuring advisor; Jefferies LLC as financial advisor and
Investment banker; and Prime Clerk LLC as claims agent.


EAGLE SUPER: S&P Withdraws 'CCC+' Issuer Credit Rating
------------------------------------------------------
S&P Global Ratings withdrew all its ratings on Wilmington,
Del.-based Eagle Super Global Holding B.V. (d/b/a The LYCRA
Company; CCC+/Negative/--), including the ratings on the company's
senior secured debt, because of a lack of sufficient information at
the company's controlling ownership.



ELANCO ANIMAL: S&P Affirms 'BB+' ICR; Rating Remains on Watch Neg.
------------------------------------------------------------------
S&P Global Ratings affirmed its 'BB+' issuer credit rating on
Elanco Animal Health Inc.

At the same time, S&P assigned its 'BB+' issue-level rating to
Elanco's proposed revolving credit facility, term loan A, term loan
B, and senior secured notes. The recovery rating is '3', reflecting
S&P's expectation for meaningful recovery (50%-70%; rounded
estimate: 65%) in the event of a payment default.

S&P also lowered its issue-level rating on Elanco's unsecured notes
to 'BB' from 'BB+'. The recovery rating is '5', reflecting S&P's
expectation for modest recovery (10%-30%; rounded estimate: 15%) in
the event of a payment default.

The ratings on Elanco remain on CreditWatch because of expected pro
forma leverage of 4.8x for fiscal year-end 2020, materially higher
than S&P's previous expectation of 3x. The rating agency believes
this deterioration more than offsets improvement in the combined
entity's business.

Given Elanco's continued margin expansion efforts (bolstered by the
higher margins of Bayer's portfolio) and the cash flow generation
of the combined entity, S&P expects leverage to reduce to around
4.2x by the end of 2021. This is slightly lower than the 4.4x S&P
projected when the transaction was announced last year, because the
expected divestitures that Elanco will make for antitrust reasons
are deleveraging and because the equity issuance is higher than the
rating agency expected. S&P expects a majority of the announced
$275 million-$300 million of synergies will be fully achievable
over the next 24-30 months), which should help the company
deleverage over the next few years. The rating agency also expects
Elanco to limit business development activity, share repurchases,
and dividends until leverage approaches 3x.

"We expect to resolve the CreditWatch when the transaction closes
around mid-year 2020. Based on the proposed capital structure, we
expect to lower the issuer credit rating to 'BB' from 'BB+' and
assign a stable outlook. We also expect to lower the issue-level
ratings on the secured debt to 'BB' from 'BB+' and the issue-level
ratings on the unsecured debt to 'BB-' from 'BB'," S&P said.


ELITE INVESTMENT: Taps Bankruptcy Legal Center as Counsel
---------------------------------------------------------
Elite Investment Properties, LLC, received approval from the U.S.
Bankruptcy Court for the District of Arizona to hire Bankruptcy
Legal Center 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.

The firm will be paid at these rates:

     James Kahn, Esq.       $475 per hour
     Krystal Ahart, Esq.    $350 per hour
     Paralegal Assistants   $195 per hour

Bankruptcy Legal Center and its attorneys are disinterested and
have no connection with the creditors or any other "party in
interest" in the Debtor's Chapter 11 case, according to court
filings.

The firm can be reached through:

     James F. Kahn, Esq.
     Krystal M. Ahart, Esq.
     Kahn & Ahart, PLLC
     Bankruptcy Legal Center (TM)
     301 E. Bethany Home Rd., Suite C-195
     Phoenix, AZ 85012-1266
     Phone: 602-266-1717
     Fax: 602-266-2484
     E-mail: James.Kahn@azbk.biz
     E-mail: Krystal.Ahart@azbk.biz

               About Elite Investment Properties

Elite Investment Properties, LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Ariz. Case No. 20-00135) on Jan.
6, 2020.  At the time of the filing, the Debtor had estimated
assets of between $50,001 and $100,000 and liabilities of between
$500,001 and $1 million.  Judge Paul Sala oversees the case.  The
Debtor is represented by Bankruptcy Legal Center (TM).


EMPRESA LOCAL: April 1 Hearing on Disclosure Statement
------------------------------------------------------
Judge Brian K. Tester has ordered that a hearing on approval of the
Disclosure Statement filed by EMPRESA LOCAL GLOBAL INC is scheduled
for April 1, 2020 at 9:30 a.m.at the U.S. Bankruptcy Court, Jose V.
Toledo Federal Building and U.S. Courthouse, 300 Recinto, Sur,
Courtroom No. 1, Second Floor, Old San Juan, Puerto Rico .

Objections to the form and content of the Disclosure Statement
should be in writing and filed with the court and served upon
parties in interest at their address of record not less than 14
days prior to the hearing.

                  About Empresa Local Global

Empresa Local Global, Inc., formerly known as Casas Mi Estillo, was
created in 1987 and was in the business of selling wooden
prefabricated houses in Puerto Rico.  

Empresa Local Global filed for Chapter 11 bankruptcy protection
(Bankr. D.P.R. Case No. 14-06675) on August 14, 2014.  The case is
assigned to Judge Brian K. Tester.  At the time of the filing, the
Debtor was estimated to have assets and liabilities of less than $1
million.  The Debtor is represented by Charles A.
Cuprill-Hernandez, Esq., in San Juan, Puerto Rico.


EP ENERGY: Unsec. Creditors to Recover 3.46% in Plan
----------------------------------------------------
EP Energy Corporation and its debtor affiliates submitted a
disclosure statement in connection with the solicitation of votes
on the Fourth Amended Joint Chapter 11 Plan.

Projected recoveries Under the Plan are:

    Class                            Amount       Recovery
    -----                            ------       --------
Class 3 (RBL Claims)              $314,710,456      100.00%
Class 6 (1.5L Notes Claims)     $2,186,617,532       15.13%
Class 7A (Unsecured Claims)       $845,067,228        3.46%
Class 7B (Parent Unsec. Claims)         $1,000      100.00%
Class 8 (Convenience Claims).       $1,750,000       10.00%

The Plan provides for the following treatment of claims and equity
interests:

   * To the extent the DIP Facility is not paid down in full from
the proceeds of the Rights Offerings, each holder of Allowed DIP
Claims will receive on a dollar-for-dollar basis, first-lien,
first-out revolving loans or revolving commitments (as applicable)
under the Exit Credit Agreement and letter of credit participations
under the Exit Credit Agreement.

   * Holders of Allowed RBL Claims will receive, on a
dollar-for-dollar basis, first lien, second-out term loans under
the Exit Credit Agreement; provided, that each holder of an Allowed
RBL Claim that elects to participate in the first-out revolving
portion of the Exit Facility by the Voting Deadline shall receive
on a dollar-for-dollar basis first lien, first-out revolving loans
under the Exit Credit Agreement and letter of credit participations
under the Exit Credit Agreement.

   * Holders of Allowed 1.125L Notes Claims will have their 1.125L
Notes reinstated in the principal amount of $1 billion in
accordance with section 1124(2) of the Bankruptcy Code and the
1.125L Notes Indenture and continued after the Effective Date in
accordance with the terms of the 1.125L Notes Indenture.

   * Holders of Allowed 1.25L Notes Claims will have their 1.25L
Notes reinstated in the principal amount of $500 million in
accordance with section 1124(2) of the Bankruptcy Code and the
1.25L Notes Indenture and continued after the Effective Date in
accordance with the terms of the 1.25L Notes Indenture.

   * Holders of Allowed 1.5L Notes Claims will receive on account
of such Allowed 1.5L Notes Claim, in full and final satisfaction of
such Allowed 1.5L Notes Claim, (i) its Pro Rata share of 100% of
the New Common Shares (which shall be distributed to holders of
Allowed 1.5L Notes Claims on or about the Effective Date), subject
to dilution by the Rights Offering Shares, the Backstop Commitment
Premium, the Unsecured Claims Shares, and the EIP Shares, and (ii)
either (A) for Eligible Offerees,6 the right to participate in the
1.5L Rights Offering in accordance with the 1.5L Rights Offering
Procedures or (B) for Non-Eligible Offerees,7 the Non-Eligible
Offeree Distribution (which shall be distributed to Non-Eligible
Offerees that hold Allowed 1.5L Notes Claims on or about the
Effective Date).8 Holders of Allowed 1.5L Notes Claims should
carefully review the 1.5 Rights Offering Procedures annexed hereto
as Exhibit F-1.

   * Holders of Allowed Unsecured Claims (i.e., Unsecured Notes
Claims and General Unsecured Claims, but not Convenience Class
Claims will receive on account of such Allowed Unsecured Claim, in
full and final satisfaction of such Allowed Unsecured Claim, (i)
its Pro Rata share of 1.75% of the New Common Shares outstanding as
of the Effective Date after giving effect to all Plan
distributions, the Rights Offerings, and the Backstop Commitment
Agreement (including the Backstop Commitment Premium), subject to
dilution solely by the EIP Shares, and (ii) either (A) for Eligible
Offerees9 (other than the Backstop Parties), the right to
participate in the Unsecured Rights Offering in accordance with the
Unsecured Rights Offering Procedures or (B) for Non-Eligible
Offerees,10 either (1) the Unsecured Non-Eligible Offeree
Distribution11 or (2) if the value of the Unsecured Non-Eligible
Offeree Distribution exceeds $500,000 in the aggregate, each
Non-Eligible Offeree’s ratable share of the Unsecured
Non-Eligible Offeree Distribution not to exceed a value equal to
$500,000.

      -- Only holders of Unsecured Claims that are (a)(i) Allowed
as of January 15, 2020 (the “Unsecured Rights Offering Record
Date”) or (ii) deemed Allowed for purposes of the Unsecured
Rights Offering no later than seven (7) calendar days prior to 4:00
p.m. (prevailing Central Time) on February 18, 2020 (the
“Unsecured Subscription Expiration Deadline”) as a result of a
Bankruptcy Court order estimating, allowing, disallowing or
reclassifying a General Unsecured Claim, and (b) otherwise Eligible
Holders, may participate in the Unsecured Rights Offering. The mere
filing of a proof of claim does NOT mean that such Claim is
Allowed.

      -- Holders of Claims that would otherwise be General
Unsecured Claims in the amount of $100,000 or less shall not be
entitled to participate in the Unsecured Rights Offering or receive
a Distribution of Common Stock but, rather, shall be treated as
holders of Convenience Claims and if Allowed shall receive the
treatment set forth in Section 4.9 of the Plan. Moreover, based on
the definition of “Allowed,” the Debtors do not believe there
are currently any holders of General Unsecured Claims that are
Allowed in an amount greater than $100,000 as of the Unsecured
Rights Offering Record Date. Accordingly, any holder of a General
Unsecured Claim that wishes to participate in the
Unsecured Rights Offering or receive the Non-Eligible Offeree
Distribution MUST FILE AN EMERGENCY MOTION IN THE BANKRUPTCY COURT
requesting temporary allowance of such General Unsecured Claim for
purposes of participating in the Unsecured Rights Offering or
receive the Unsecured Non-Eligible Offeree Distribution. Such
motion must state the reason(s) why such General Unsecured Claim
should be deemed valid or otherwise should be temporarily Allowed
for purposes of allowing the holder of such General Unsecured Claim
to participate in the Unsecured Rights Offering. As noted, to be
deemed Allowed, an order relating to such motion would have to be
entered no later than seven (7) calendar days prior to the
Unsecured Subscription Expiration Deadline, which is 4:00 p.m.
(prevailing Central Time) on February 18, 2020.13

      -- Any holder of a General Unsecured Claim with questions
about participating in the Unsecured Rights Offering should contact
the Debtors’ counsel, Weil, Gotshal & Manges LLP, Attn: Matt Barr
(matt.barr@weil.com), Ronit Berkovich (ronit.berkovich@weil.com),
and Frank Adams (frank.adams@weil.com), 767 Fifth
Avenue, New York, NY 10153, Tel: (212) 310-8000, as soon as
possible.

   * Holders of Parent Unsecured Claims will receive, on the later
of (i) the Effective Date, and (ii) the date on which such Parent
Unsecured Claim becomes allowed, or, in each case, as soon as
reasonably practicable thereafter, the lesser of (a) payment in
cash of 100% of such Allowed Parent Unsecured Claim, or (b) its Pro
Rata share of the Cash on EP Energy’s balance sheet on the
Effective Date.

   * Holders of Allowed Convenience Claims (i.e., Claims that would
otherwise be a General Unsecured Claim but are (i) Allowed in the
amount of $100,000 or less, or (ii) irrevocably reduced to the
Convenience Claim Amount at the election of the holder in
accordance with the Plan) will receive the lesser of (a) payment in
Cash of 10% of such Allowed Convenience Claim, or (b) their Pro
Rata share of the Convenience Claim Distribution Amount.

   * Holders of Existing Parent Equity Interests will receive, on
account of available assets of EP Energy, their Pro Rata share of
$500,000 in Cash.

A full-text copy of the Disclosure Statement dated January 13,
2020, is available at https://tinyurl.com/u574gb5 from
PacerMonitor.com at no charge.

Attorneys for the Debtors:

     Alfredo R. Pérez
     Clifford Carlson
     WEIL, GOTSHAL & MANGES LLP
     700 Louisiana Street, Suite 1700
     Houston, Texas 77002
     Telephone: (713) 546-5000
     Facsimile: (713) 224-9511

             - and -

     Matthew S. Barr
     Ronit Berkovich
     Scott R. Bowling
     David J. Cohen
     WEIL, GOTSHAL & MANGES LLP
     767 Fifth Avenue
     New York, New York 10153
     Telephone: (212) 310-8000
     Facsimile: (212) 310-8007

                         About EP Energy

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

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

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

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

The Hon. Marvin Isgur is the case judge.

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


ERA GROUP: S&P Affirms 'B-' ICR, Alters Outlook to Stable
---------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on
Houston-based helicopter operators Era Group Inc. and revised the
outlook to stable from negative.

The rating affirmation follows Era's entry into a definitive merger
agreement with Bristow Group Inc. to combine both companies through
an all-stock transaction.  The deal will improve Era's scale in the
U.S. Gulf of Mexico and expand its presence globally in markets
like the U.K., Norway, and Nigeria, while also providing some
diversification with the addition of Bristow's U.K. search and
rescue (SAR) contract.

S&P is placing its 'B-'issue-level rating on Era's 7.75% senior
unsecured notes due 2022 on CreditWatch with positive implications
given the likelihood that it will upwardly revise the recovery
rating to '2' from '3' upon deal close based on the pro forma
capital structure and additional fleet value.

The affirmation incorporates the company's exposure to the offshore
oil and gas sector, which exhibits high levels of volatility that
can affect the demand for Era's services. It also takes into
account the addition of Bristow's U.K. search and rescue (SAR)
business, which S&P expects to be more stable given it is not
reliant on commodity prices. The rating agency also factors in
Era's improved scale and market position, including its meaningful
geographic diversification outside of the U.S. Gulf of Mexico,
which provides support for the rating." Nonetheless, despite the
combined company being one of the largest providers of helicopter
services to the offshore oil and gas sector, it is moderate in size
within the broader oilfield services sector.

The stable outlook reflects S&P's view that Era's leverage metrics
will show a modest improvement over the next 12 months as the
company integrates Bristow and meaningfully expands its geographic
foothold outside of the U.S. S&P expects the combined business will
be more stable, benefitting from its global diversification,
Bristow's U.K. SAR contract, and deal-related cost synergies, which
will improve the company's ability to generate free operating cash
flow. The rating agency expects FFO to debt will average about 15%
over the next 12 months.

"We could lower the rating if Era's leverage deteriorated to a
level we deem to be unsustainable, including FFO to debt that
approaches 5%, or a meaningful deterioration in liquidity. This
would most likely result from a slower integration of the Era and
Bristow businesses, which would hamper expected operating
efficiencies and free operating cash flow generation, or continued
weak demand from the offshore oil and gas sector. Furthermore, we
could revise the outlook or lower the rating if Era and Bristow
fail to close the deal as anticipated," S&P said.

"We could raise the rating if the combined company demonstrates
strong operational execution in the integration of the two
businesses, while managing its debt maturities and maintaining an
adequate level of liquidity. In addition, we would expect FFO to
debt of at least 20% and several consecutive quarters of free
operating cash flow generation," the rating agency said.


EVEREADY SERVICES: Seeks to Hire Eric A. Liepins as Legal Counsel
-----------------------------------------------------------------
Eveready Services, Inc., seeks approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire Eric A. Liepins,
P.C. 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.

The firm will be paid at these rates:

     Eric Liepins, Esq.               $275 per hour
     Paralegals/Legal Assistants   $30 to $50 per hour

The Debtor paid the firm a retainer of $5,000, plus the filing
fee.

Eric Liepins, Esq., disclosed in court filings that his firm
neither holds nor represents any interest adverse to the Debtor's
bankruptcy estate.

The firm can be reached through:

     Eric A. Liepins, Esq.
     Eric A. Liepins, P.C.
     12770 Coit Road, Suite 1100
     Dallas, TX 75251
     Telephone: (972) 991-5591
     Telecopier: (972) 991-5788
     Email: eric@ealpc.com

                    About Eveready Services

Eveready Services, Inc. provides specialized logistics services to
interior designers and their craftspeople, suppliers and clientele.
The services offered include delivery, installation, art handling
and installation, receiving, storage, shipping and household
transfer.

Eveready Services sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 20-30225) on Jan. 23,
2020.  At the time of the filing, the Debtor was estimated to have
assets of between $50,000 and $100,000 and liabilities of between
$1 million and $10 million.  The Debtor is represented by Eric A.
Liepins, P.C.


FLEETSTAR LLC: DLL Says Wants More Details of Treatment of Claims
-----------------------------------------------------------------
De Lage Landen Financial Services, Inc. ("DLL") objects to the
Disclosure Statement in support of Fleetstar, LLC's Chapter 11
Plan, saying that it fails to provide "adequate information" such
that DLL can make an informed judgment about the Plan.

DLL points out that providing three alternate dispositions of
collateral hardly provides information of a kind and of sufficient
detail to enable a "hypothetical investor of the relevant class to
make an informed judgment about the plan."

DLL further points out that while the Disclosure Statement
acknowledges DLL's secured claim, the description fails to provide
"an estimate of the secured claim amount" or "a brief description
of the collateral securing the claim and its value" as required by
Local Rule 3016-1.

DLL asserts that the Disclosure Statement does not describe, as
required by Local Rule 3016-1, a description of "how adequate
protection payments, if applicable, must be applied."

DLL further asserts that the description of secured claims is
insufficient and directly conflicts with Local Rule 3016-1's
mandate that "[a] statement that the claim will be paid in
accordance with the terms existing on the petition date is
insufficient."

DLL objects, pursuant to its reservation of rights in the
Stipulation Order, to the Debtor's proposition that secured
creditors will lose their right to credit bid upon collateral at an
auction of the same and that proceeds of an auction would be paid
to the auctioneer, whom Ackel will choose and whose commissions may
vary, prior to payment of DLL's secured claim.

Attorneys for De Lage Landen Financial Services:

     Brandon A. Brown
     Garrett A. Anderson  
     STEWART ROBBINS AND BROWN
     E-mail: bbrown@stewartrobbins.com
             ganderson@stewartrobbins.com

                       About Fleetstar LLC

Fleetstar LLC, a trucking company in Elmwood, La., sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. La.
Case No. 19-10873) on April 2, 2019.  At the time of the filing,
the Debtor was estimated to have assets of between $1 million and
$10 million and liabilities of the same range.  The case is
assigned to Judge Elizabeth W. Magner.  The Debtor hired Congeni
Law Firm, LLC, as legal counsel, and Degan Blanchard & Nash, APLC,
as special counsel.


FLEETSTAR LLC: U.S. Trustee Looking for Liquidation Analysis
------------------------------------------------------------
Dave W. Asbach, Acting United States Trustee for Region 5, objects
to the adequacy of the Disclosure Statement accompanying Fleetstar
LLC's Chapter 11 Plan.

U.S. Trustee points out that the Disclosure Statement does not
contain adequate information of a kind, and in sufficient detail,
to enable a reasonable investor to make an informed decision about
the Plan of Reorganization.

The U.S. Trustee further asserts that the Disclosure Statement
fails to provide:

   * a basic estimation of the Debtor's projected post-confirmation
revenue.

   * the estimated total amount of claims in each class, and the
projected plan payments to the classes.

   * a liquidation analysis, as required by Local Rule 3016-1(11).


   * adequate details regarding the potential auction of the
Debtor's assets, including but not limited to the (i) auctioneer
rates and (ii) length of time to market and auction the assets.

According to the U.S. Trustee, the Disclosure Statement and Plan
includes improper discharge and injunction language.

The U.S. Trustee points out that the Disclosure Statement provides
that the Debtor reserves the right to bring causes of action but
fails to specifically reserve or identify any causes that may be
pursued by the Debtor.

Trial Attorney, Office of the U.S. Trustee:

     AMANDA BURNETTE GEORGE
     400 Poydras Street, Suite 2110
     New Orleans, LA 70130
     Telephone: (504) 589-4018
     Facsimile: (504) 589-4096
     E-mail: Amanda.B.George@usdoj.gov

                     About Fleetstar LLC

Fleetstar LLC, a trucking company in Elmwood, La., sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. La.
Case No. 19-10873) on April 2, 2019.  At the time of the filing,
the Debtor was estimated to have assets of between $1 million and
$10 million and liabilities of the same range.  The case is
assigned to Judge Elizabeth W. Magner.  The Debtor hired Congeni
Law Firm, LLC, as legal counsel, and Degan Blanchard & Nash, APLC,
as special counsel.


FLEETSTAR LLC: Volvo Questions Truck Auction, Plan Releases
-----------------------------------------------------------
Mack Financial Services, a division of VFS US LLC ("Mack
Financial") and Volvo Financial Services, a division of VFS US LLC
("Volvo Financial") object to the Fleetstar LLC's Disclosure
Statement, citing that the Disclosure Statement and proposed Plan
do not contain adequate information.  

"The Debtor's Disclosure Statement and proposed Plan do not contain
adequate information about the auction procedures for the Truck
Assets.  Rather, they provide that the Debtor shall have the
discretion to choose among four identified auctioneers and the
auction procedures shall be pursuant to the selected auctioneer's
customary procedures.  The Disclosure Statement and proposed Plan
are silent as to the commission that will be paid to such
auctioneers, which will be paid out of the proceeds from the
auction," the Objectors said.

The Objecting Creditors further point out that the Plan contains
impermissible releases of Ackel and ACI.  They claim that the
Disclosure Statement should not be approved because the proposed
Plan contains an impermissible release of Ackel's liability under
his guaranty.  Under well-established law, such a non-consensual,
non-debtor release is impermissible and renders a plan patently
unconfirmable.

Counsel for Mack Financial and Volvo Financial:

     Scott R. Cheatham
     G. Robert Parrott II
     Adams and Reese LLP
     701 Poydras St., Suite 4500
     New Orleans, LA 70139
     Telephone: (504) 581-3234
     Facsimile: (504) 566-0210
     E-mail: scott.cheatham@arlaw.com
             robert.parrott@arlaw.com

                      About Fleetstar LLC

Fleetstar LLC, a trucking company in Elmwood, La., sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. La.
Case No. 19-10873) on April 2, 2019.  At the time of the filing,
the Debtor was estimated to have assets of between $1 million and
$10 million and liabilities of the same range.  The case is
assigned to Judge Elizabeth W. Magner.  The Debtor hired Congeni
Law Firm, LLC, as legal counsel, and Degan Blanchard & Nash, APLC,
as special counsel.


FLORIDA CLEANEX: March 10 Hearing Plan & Disclosures Set
--------------------------------------------------------
An Amended Disclosure Statement under chapter 11 of the Bankruptcy
Code was filed under Local Rule 3017-2(B) by Florida Cleanex, Inc.,
on Dec. 6, 2019 with respect to an Amended Plan.

Judge Scott M. Grossman has ORDERED that:

   * The hearing on approval of the Disclosure Statement,
confirmation of the Plan, and approval of the fee applications in
Florida Cleanex's case will be on March 10, 2020 at 1:30 p.m. in
United States Bankruptcy Court, 299 E. Broward Blvd., #308, Fort
Lauderdale, Fl 33301.

   * The deadline for objections to claims will be on Feb. 25,
2020.

   * The deadline for filing ballots accepting or rejecting the
Plan will be on Feb. 28, 2020.

   * The deadline for objections to confirmation of the Plan will
be on March 5, 2020.

   * The deadline for objections to approval of the Disclosure
Statement will be on  March 5, 2020.

The Debtor's counsel:

     Craig I. Kelley
     Kelley, Fulton & Kaplan, P.L.
     1665 Palm Beach Lakes Blvd, Suite 1000
     West Palm Beach, FL 33401
     Tel. No. (561) 491-1200
     Fax No. (561) 684-3773
     E-mail: craig@kelleylawoffice.com

                     About Florida Cleanex

Florida Cleanex, Inc., is a privately held company that offers
maintenance and complete janitorial services.  Florida Cleanex
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Fla. Case No. 19-13101) on March 8, 2019.  In the petition
signed by Luis Loaiza, president, the Debtor disclosed $174,078 in
assets and $1,175,100 in liabilities.  The case is assigned to
Judge Raymond B. Ray.  Kelley, Fulton & Kaplan, PL, is the Debtor's
counsel.

The U.S. Trustee did not appoint an official committee of unsecured
creditors in the Chapter 11 case.


FRANKLIN NYC: Franklin Hotel Buying All Assets for $550K Cash
-------------------------------------------------------------
Franklin NYC, LLC, asks the U.S. Bankruptcy Court for the Southern
District of New York to authorize the private sale of substantially
all assets to Franklin Hotel NYC, LLC for $550,000, cash, pursuant
to their Asset Purchase Agreement dated Dec. 19, 2019, subject to
higher and better offers.

The Debtor operates the Franklin Hotel, a boutique 50-room hotel,
from premises it leases at 164 East 87th Street, New York, New
York, on the upper east side of Manhattan.  The Debtor leases the
hotel premises from 164 East 87th Street, LLC ("Landlord"), the
owner and Landlord of the property as successor in interest to
Meyers Parking System, Inc.  When the Debtor took over hotel
operations in July 2006, there were several long-term tenants who
resided in the hotel, each occupying units pursuant to statutory
tenancies.  Currently, only one long-term tenant remains at the
premises.

The Debtor asks approval of the Sale of substantially all of the
Debtor's Assets to the Purchaser, free and clear of any and all
claims, liens, encumbrances and other interests.  Its principal
assets consist of its lease, hotel furnishings and inventory, trade
name, and executory contracts.  In connection with the Sale, the
Debtor asks to assume and assign to the Purchaser its interest in
its non-residential real property lease for the Debtor's hotel as
well as the union contract with the New York Hotel & Motel Trades
Council.

The Debtor is advised that the Purchaser has made arrangements with
the Landlord to replenish the security deposit to the agreed upon
sum of $1 million.   Per the APA, the cash component of the sale
proposal is $550,000 of which up to $50,000 will be utilized to
replenish the security deposit in connection with the assumption of
the lease.  Upon information and belief, the current balance being
held by the Landlord as security under the lease is approximately
$963,000.  In connection with the Debtor's request for approval of
the APA, the Debtor asks authority to assume and assign the Leases
and Executory Contracts to the Purchaser.

The Sale is contingent upon, among other things, Court approval in
the Debtor's bankruptcy case and the Debtor's authorization and
ability to assume and assign the Lease and Union Contract.  The
negotiations resulting in execution of the APA took place over
approximately a 6-week period and required a substantial investment
of time and effort by the parties.  

The Debtor has no secured loan obligations and is current with its
post-petition obligations.  Its current debt consists of
pre-petition NYS tax obligations of approximately $25,552,
inclusive of $12,675 that is a secured obligation; pre-petition NYC
tax obligations of approximately $54,000; pre-petition union
obligations which per the Debtor's records are approximately
$180,000; and general unsecured obligations in the aggregate filed
and scheduled amount of $601,722.  In addition, there will be sums
due the Debtor's professionals and the Office of the United States
Trustee based on quarterly disbursements.  While the Debtor is
current with its lease obligations, the Debtor has been advised by
the Landlord of a purported water charge obligation for which the
Debtor was never billed going back to when it took possession of
the premises July 2006.

The Debtor has requested Landlord provide backup documentation
regarding these purported charges and reserves all rights to object
to the cure claim asserted by the Landlord in connection with the
assumption and assignment of the lease.  A determination, whether
by the Court or by agreement with the Landlord, with respect to any
cure claim will inform whether funds will be available for
distribution to unsecured creditors from the sale proceeds.

The Debtor's hotel is booked through the end of December 2019, and
bookings are being taken for calendar year 2020.  In addition, the
Purchaser intends to continue the Debtor's operations, retain the
Debtor's current employees and hopefully maintain current
relationships with the Debtor's long-time suppliers.

Absent approval of the Sale as contemplated, the Debtor will have
no alternative but to cease operations, release its employees,
surrender the premises back to the Landlord and formally liquidate
its business. In this circumstance, the Landlord would offset any
amounts due as against the security deposit, the going concern
value of the business would be lost and there would be limited
funds available for any distribution to creditors.

The prompt sale of substantially all of the Debtor's Assets to the
Purchaser pursuant to the terms of the APA by and between the
Debtor and the Purchaser is in the best interests of the Debtor,
its estate and its creditors and will result in the Debtor
realizing maximum value for its Assets.  As such, the Debtor
respectfully asks that the Court enters an order (i) authorizing
the Debtor to sell the Assets to the Purchaser, free and clear of
any and all claims, liens, encumbrances and other interests; (ii)
authorizing entry into and approving the APA; and (iii) authorizing
the assumption and assignment of the Leases and Executory Contracts
in connection with the Sale and granting related relief.

While the Debtor submits that conducting an auction would not
necessarily result in a higher price for the Debtor's Assets, in
order to firmly establish that the APA is the best offer and in
furtherance of the agreement between the Debtor and the Purchaser,
the Debtor is providing notice of the Sale Motion to all parties
who expressed interest in the Debtor's Assets.  In the event such
notice results in the presentation of higher and better offers, the
Debtor asks that the Purchaser be entitled to a break-up fee of
$25,000 and that any bid extended be for $50,000 more than the
Purchaser's offer, Le, a cash component of $600,000 in addition to
matching the other APA terms.

To preserve the value of the Debtor's estate and expedite the
closing of the transactions contemplated by the APA, it is
important that the Debtor be allowed to close the Sale as soon as
possible after all closing conditions have been met or waived.
Accordingly, the Debtor asks that the Court waives the 14-day stay
periods under Bankruptcy Rules 6004(h) and 6006(d).

A copy of the Agreement is available at https://tinyurl.com/r5zb8bu
from PacerMonitor.com free of charge.

                      About Franklin NYC

Franklin NYC, LLC, is a privately held company headquartered in New
York.

Franklin NYC sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
19-13136) on Oct. 2, 2019.  In the petition signed by John Yoon,
president, the Debtor was estimated to have assets in the range of
$1 million to $10 million and $500,000 to $1 million in debt.  The
case is assigned to Judge Michael E. Wiles.  The Debtor tapped
Arnold Mitchell Greene, Esq., at Robinson Brog Leiwand Greene, as
counsel.


GAMBOA BROTHERS: 49 Unsecureds to Split $45,000 of Sale Proceeds
----------------------------------------------------------------
Debtor Gamboa Brothers, Inc. filed an amended disclosure statement
describing the plan of liquidation dated January 9, 2020.

The Debtor is a corporation registered in the State of Florida, and
formerly operated mushroom farm in Quincy, Florida. Prior to filing
the instant Chapter 11 case, the Debtor shut down its operations.
After the filing of the case, the Court approved the sale of all of
the Debtor's assets subject to liens for $100,000 on Nov. 19, 2019.
$20,000 was paid to Capital City Bank pursuant to the Sale Order,
and the remaining $80,000 is being held in the trust account of
Bruner Wright, P.A.

Class 4 general unsecured claims will receive a pro rata share of
the $45,000 available to unsecured creditors.  The one-time
dividend payment will be paid within 60 days of the Effective Date.


Unsecured creditors listed in the Plan are:

1) W.W. Grainger, Inc.: $3,011.64
2) Motion Industries, Inc.: $51,180.77
3) Gavilon Ingredients, LLC: $120,388.80
4) Stone's, Inc.: $74,842.23
5) Internal Revenue Service: $1,222.50
6) Southern States Material Handling, Inc.: $7,751.53
7) Zee Medical Service: $1,027.51
8) Smith Electric Motor Service, Inc: $37,527.49
9) Uline, Inc.: $6,053.13
10) Tri-States Automotive Warehouse, Inc.: $7,006.78
11) Barber Fertilizer & Supply, LLC: $23,717.69
12) Pratt Industries, Inc.: $200,927.61
13) USA Bluebook: $846.64
14) Packaged Cooling Systems, LLC: $13,980.64
15) McMaster-Carr Supply Company: $3,984.63
16) Caterpillar Financial Services Corporation: $52,885.30
17) Synchrony Bank: $5,042.57
18) Toyota Industries Commercial Finance, Inc.: $5,944.84
19) River Junction Farm Services, LLC: $56,149.00
20) Gadsden County Tax Collector: $170,415.00
21) MAC Papers Inc.: $11,165.99
22) Aamar Scale Co.: $2,208.97
23) American Backflow: $288.72
24) Atlas Copco: $1,400.29
25) Barkley Security: $11,319.45
26) Beardow Adams: $6,574.48
27) Bell & Bates: $838.42
28) Capital Rubber & Industrial Supply Co.: $530.00
29) Central FL Gas: $85,199.89
30) Creech Services: $251,091.87
31) D&D Belting n/k/a Sparks Belting Co.: $11,889.37
32) Dermatec Direct: $8,926.10
33) Engineered Cooling Services: $1,115.80
34) Englewood Electric Supply: $1,010.85
35) FedEx –Synter Resource Group: $1,235.03
36) Florida Belting: $1,225.95
37) Frye & Rowe: $946.08
38) Jones Welding: $3,136.46
39) L F Lambert: $220,518.00
40) Metler Toledo: $351.05
41) Mid Coast Industries Inc.: $228,862.00
42) MSC: $334.90
43) Mushroom Supply & Services: $43,919.58
44) Pacific Ag Inc.: $93,000.00
45) Purchase Power: $335.18
46) Quill: $1,652.45
47) Safety Kleen: $380.40
48) Sanitation Products –Spa Concepts: $5,869.52
49) Southern Packaging Machinery Corp.: $135.674

Current Assets are the Sale Proceeds in Bruner Wright, P.A. Trust
Account of $80,000.00.

Payments and distributions under the Plan will be funded by the
funds received from the sale approved by the Court.  The Plan
Proponent believes that the Debtor will have enough cash on hand on
the effective date of the Plan to pay the priority tax claims,
administrative expenses, United States Trustee Fees, and a $45,000
total dividend paid pro rata to Class 4.

A full-text copy of the Amended Disclosure Statement describing the
Debtor's Plan of Liquidation dated Jan. 9, 2020, is available at
https://tinyurl.com/qokmacs from PacerMonitor.com  at no charge.

The Debtor is represented by:

       Bruner Wright, P.A.
       Byron Wright III
       Robert C. Bruner
       2810 Remington Green Circle
       Tallahassee, FL 32308
       Office: (850) 385-0342
       Fax: (850) 270-2441
       E-mail: twright@brunerwright.com
               rbruner@brunerwright.com

                 About Gamboa Brothers Inc.

Gamboa Brothers Inc. is a corporation registered in the State of
Florida, and formerly operated mushroom farmin Quincy, Florida.
Prior to filing a Chapter 11 case, it shut down its operations.  

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.


GELTECH SOLUTIONS: Chairman Reger to Stop Providing Funding
-----------------------------------------------------------
Michael Reger notified the Board of Directors of GelTech Solutions,
Inc., that he was resigning as the chairman of the Board, a
director, and as an executive officer of the Company.
Additionally, Mr. Reger informed the Board that he will no longer
be funding the Company's operations.  As a result, the Company does
not have sufficient funds to continue its operations.  The Board is
looking to alternatives for the future of the Company.

                    About Geltech Solutions

GelTech Solutions, Inc. generates revenue primarily from marketing
products based around the following four product categories (1)
FireIce, a water enhancing powder that can be utilized both as a
fire suppressant in wildland and urban firefighting, including
fires in underground utility structures, and in wildland
firefighting as a medium-term fire retardant to protect wildlands,
structures and firefighters; (2) FireIce Shield, a line of products
used in a variety of industries to protect assets from heat and
fire; (3) Soil2O "Dust Control", its application which is used for
dust mitigation in the aggregate, road construction, mining, as
well as, other industries that deal with daily dust control issues
and (4) Soil2O, a product which reduces the use of water and is
primarily marketed to golf courses and commercial landscapers.

Geltech reported a net loss of $4.01 million for the year ended
Dec. 31, 2018, following a net loss of $4.16 million for the year
ended Dec. 31, 2017.  As of Sept. 30, 2019, the Company had $2.58
million in total assets, $5.98 million in total liabilities, and a
total stockholders' deficit of $3.40 million.

Salberg & Company, P.A., in Boca Raton, Florida, the Company's
auditor since 2008, issued a "going concern" qualification in its
report dated March 28, 2019, citing that the Company has a net loss
and cash used in operations of $4,013,957 and $3,043,727,
respectively, in 2018 and a stockholders' deficit and accumulated
deficit of $2,129,358 and $56,133,648, respectively, at Dec. 31,
2018.  These matters raise substantial doubt about the Company's
ability to continue as a going concern.


GIGAMON INC: Moody's Affirms B3 CFR, Outlook Stable
---------------------------------------------------
Moody's Investors Service affirmed Gigamon Inc's B3 Corporate
Family Rating and B3-PD Probability of Default Rating. Moody's also
downgraded the first lien senior secured bank credit facilities to
B3 from B2. The downgrade of the first lien facilities reflects the
single class debt structure following the repayment of the second
lien term loan. To fund the repayment of the second lien debt,
Gigamon will raise an incremental $150 million of first lien term
loan, fungible with its existing facility. The outlook is stable.

Downgrades:

Issuer: Gigamon Inc.

Senior Secured Bank Credit Facility, Downgraded to B3 (LGD4) from
B2 (LGD3)

Outlook Actions:

Issuer: Gigamon Inc.

Outlook, Remains Stable

Affirmations:

Issuer: Gigamon Inc.

Probability of Default Rating, Affirmed B3-PD

Corporate Family Rating, Affirmed B3

RATINGS RATIONALE

The B3 CFR is driven by the very high leverage and weak cash flow
generation. The rating also reflects the very strong market
position Gigamon has built in the network packet broker market with
a strong suite of network visibility products for large
enterprises. The NPB market is a growing market but evolving
rapidly to address changing network architectures and growth in
cloud-based applications, tools and infrastructure. Leverage as of
December 2019 is estimated at about 7.5x, or about 6.4x when adding
back certain one-time expenses. The ratings also consider the
company's reliance on a narrow product line and short history at
its current scale. While Gigamon generates approximately 42% of its
revenue from predictable maintenance & support, term license and
subscription revenues, most rated software peers generate 50% or
greater of their revenue from maintenance, subscription or other
recurring revenue. Gigamon is owned by funds affiliated with
private equity sponsor Evergreen Green Coast Capital and is
expected to maintain an aggressive financial policy.

The stable outlook incorporates Moody's expectation that Gigamon's
leverage will continue to moderate from very high levels reached in
2018. The outlook also reflects expectations that free cash flow
generation will improve as increased spending on sales, marketing
and R&D continue to bear results. The ratings could be upgraded if
Gigamon continues mid-single digit or greater growth and drives
free cash flow to debt sustained greater than 5% while maintaining
leverage under 6.5x. The ratings could be downgraded if free cash
flow is negative and leverage exceeds 8.5x on other than a
temporary basis.

Liquidity is adequate based on an approximately $53 million cash
balance expected at the close of the transaction and free cash flow
to debt improving toward 5% over the next 12-18 months.

The principal methodology used in these ratings was Software
Industry published in August 2018.

Gigamon Inc. is a provider of network visibility and analytics
products for physical, virtual and cloud infrastructure that helps
with critical performance and security needs. The company,
headquartered in Santa Clara, CA, is expected to generate $378
million in pro forma revenue for the year ended December 31, 2019.
Gigamon was acquired by affiliates of Evergreen Coast Capital, a
unit of Elliot Management in December 2017.


GREAT SOUTHERN: April 1, 2020 Plan Confirmation Hearing Set
-----------------------------------------------------------
On Oct. 31, 2019, debtor Great Southern Golf Club, Inc. filed a
Disclosure Statement and Plan of Reorganization. On January 9,
2020, Judge Neil P. Olack approved the Disclosure Statement and
established the following dates and deadlines:

  * March 25, 2020 is fixed as the last day for filing written
objections to confirmation of the Plan.

  * March 25, 2020 is fixed as the last day for submitting ballots
of acceptance or rejection of the Plan with the attorney for the
Debtor.

  * April 1, 2020, at 9:00 a.m., in the Bankruptcy Courtroom, 7th
Floor, Dan M. Russell, Jr. U. S. Courthouse, 2012 15th Street,
Gulfport, Mississippi is the hearing on confirmation of the Plan.

A full-text copy of the order dated January 9, 2020, is available
at https://tinyurl.com/vj57wks from PacerMonitor.com  at no
charge.

                About Great Southern Golf Club

Great Southern Golf Club, Inc. --https://golfgreatsouthern.com/ --
owns and operates a golf course in Gulfport, Miss.  Located at 2000
Beach Drive, Gulfport, MS 39507, this Donald Ross designed golf
course is the birthplace of golf in Mississippi, having been built
in 1908 by Charles Nieman, a New Orleans contractor hired by
Captain Joseph T. Jones, the founder of Gulfport, Mississippi on
land once owned by Jefferson Davis. In 1999, the golf course was
completely updated and modernized to PGA standards making it one of
the most pristine in Mississippi with revenues of $1.365 million in
2003.

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


GREENWAY SERVICES: Amended Disclosures Resolves Objections
----------------------------------------------------------
Greenway Services, Inc., filed an Amended Disclosure Statement to
address objections to the original iteration of the Disclosure
Statement.

After the original disclosure statement was filed, there were
objections received from three creditors or parties in interest.
The first objection received to the Disclosure Statement came from
John P Fitzgerald, III, the acting United States Trustee for Region
Four. His first objection was that all creditors need to be aware
that the collection of the accounts receivable due to the
bankruptcy estate may not be easy.  Mr. Fitzgerald's second
objection is that the creditors should be made aware that the
debtor has not been able to meet its financial projections during
the pendency of this case.  Mr. Fitzgerald's third objection stated
that the original disclosure statement did not adequately inform
parties in interest of the Debtor's financial condition and what he
believed to be its apparent administrative insolvency.  The next
objection related to the adequacy of the disclosure regarding a
postpetition loan.  The next objection to the original disclosure
statement came from Komatsu Financial.  Last and certainly not
least, Caterpillar Financial Services also filed an objection to
the disclosure statement.

To address the objections, the Debtor discloses that:

   * As to the U.S. Trustee's first objection, the Debtor must
first find and retain counsel to pursue the collection of the
approximately $1.4 million of outstanding accounts receivable.  It
is continuing to locate counsel that will represent the
liquidation/litigation trust. The costs associated with the initial
litigation will come from the operating revenues of the reorganized
Chapter 11 debtor.

   * As to the U.S. Trustee's second objection, the Debtor has not
been able to meet projections because two of its postpetition
clients failed to pay it for its services.  This however has
significantly improved since October 2019 and the debtor
anticipates that in 2020 it will have sufficient work to fund the
secured payments due under the provisions of the plan.

   * As to the U.S. Trustee's third objection, the Debtor does not
believe that it is administratively insolvent, because it believes
that it can recover from its ongoing operations and the liquidation
of its receivables sufficient funds to fully fund the
administrative, priority and most of the unsecured claims in the
case.

   * As to the disclosure regarding a postpetition loan, the Debtor
has not successfully negotiated such a loan and therefore all of
that reference has been removed from the Disclosure Statement.

   * As to Komatsu's concerns, the Debtor believes that this
Amended Disclosure Statement has adequately addressed Komatsu's
concerns, by clarifying that its deficiency balance will be treated
as a class III claim, that it will retain its lien and that its
claim is impaired.

   * As to Caterpillar's concerns, the Debtor discloses that the
equipment lease has been rejected.

A full-text copy of the Amended Disclosure Statement dated January
15, 2020, is available at https://tinyurl.com/w3ldap6 from
PacerMonitor.com at no charge.

Counsel for the Debtor:

     Robert T. Copeland
     SCOT S FARTHING, ATTORNEY AT LAW,, P.C.
     P.O. Box 1296
     Abingdon, VA 24212
     Tel: (276) 628-9525
     Fax: (276) 628-4711

                    About Greenway Services

Greenway Services, Inc. -- http://greenwayservicesincorporated.com/
-- offers clearing and demolition, earthwork, storm drainage,
utilities, and paving and concrete services.  Since 1989, the
Company has been serving the NC, SC, VA, TN and KY areas.  Greenway
was founded in 2008 by Mark Osborne and its initial business was to
provide reclamation services to the coal industry.  Thereafter, it
branched into the excavating business.  The company filed its
Chapter 11 petition because of a series of lawsuits against it as a
result of past due balances due to creditors and threats of
repossession of its equipment.

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


GREENWAY SERVICES: March 5 Hearing on Disclosure Statement
----------------------------------------------------------
Judge Paul M. Black has ordered that the hearing to consider the
approval of the Amended Disclosure Statement filed by Greenway
Services, Inc. will be held at US District Courtroom, US
Courthouse, 180 W. Main St., Abingdon, VA 24210 on March 5, 2020 at
10:30 a.m.

Feb. 26, 2020 is fixed as the last date for filing and serving in
accordance with Rule 3017 (a) written objections to the Amended
Disclosure Statement.

                   About Greenway Services

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

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

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


GREGORY L MOLDEN: Feb. 18 Hearing on Disclosure Statement Set
-------------------------------------------------------------
The hearing to consider the approval of Gregory L Molden M.D. Inc.
Chapter 11 Disclosure Statement filed on Dec. 5, 2019, will be held
before the Honorable Meredith S. Grabill in Courtroom B-709, Hale
Boggs Federal Building, 500 Poydras Street, New Orleans, Louisiana
on Tuesday, Feb. 18, 2020 at 1:00 p.m.

Feb. 11, 2020, is fixed as the last day for filing written
objections to said Disclosure Statement and for serving same.

                    About Gregory L. Molden M.D.

Gregory L. Molden M.D. Inc., filed a Chapter 11 bankruptcy petition
(Bankr. E.D. La. Case No. 19-12073) on Aug. 1, 2019, disclosing
under $1 million in both assets and liabilities.  The Debtor is
represented by THE DE LEO LAW FIRM, LLC.


H.R.P. II: Feb. 25 Disclosure Statement Hearing Set
---------------------------------------------------
On Dec. 12, 2019, Debtor H.R.P. II LLC filed a Plan and Disclosure
Statement. Judge James R. Ahler ordered that:

  * Feb. 25, 2020, at 10:00 a.m., is the hearing to consider the
approval of the Disclosure Statement.

  * Feb. 14, 2020, is fixed as the last day for filing and serving
written objections to the Disclosure Statement.

A full-text copy of the Order dated January 9, 2020, is available
at https://tinyurl.com/t5wgtla from PacerMonitor.com at no charge.


                      About H.R.P. II LLC

H.R.P. II LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ind. Case No. 17-21695) on June 15, 2017.  At the
time of the filing, the Debtor estimated assets of less than $1
million and liabilities of less than $500,000.  Judge James R.
Ahler oversees the case.  Fox Rothschild LLP is the Debtor's
bankruptcy counsel.


HIGH BRASS FARM: Plan Depends on Litigation vs. Boa, NJ Title
-------------------------------------------------------------
High Brass Farm Land Holdings LLC has proposed a Chapter 11 plan
that will be funded by the outcome of the adversary proceedings
against Bank of America, and New Jersey Title Insurance, and the
liquidation of the Debtor's farm..

The Debtor is a Single Asset Real Estate (“SARE”) holding
company, owning one parcel of real estate located at 68 Sky Manor
Road, Pittstown NJ 08867 (the "Farm").

In the BoA Adversary, the Debtor claims that in 2008 and 2010, BOA
placed a loan to HBFI of $150,000.00 as a lien on the Farm at the
height of the real estate recession that began in the United Sates
in 2007, and that BOA failed to exercise prudent lending practices
by lending in excess of the value of the Farm, and was aware that
the placing of such a lien would make refinance impossible because
of the negative loan to value it created.  The Debtor is also
asking to subordinate the claims of BOA to other unsecured
creditors, and is seeking to surcharge BOA for the cost of
litigation with Sky Manor, which benefited BOA.

In the New Jersey Title Adversary, the Debtor sued its title
company for its failure to provide coverage.  The Debtor will
continue to pursue this claim post confirmation.  The Debtor will
use the proceeds of such litigation to pay claims of the Debtor's
estate.

The Plan contemplates current payments to certain parties, and for
the payment of certain Secured Claims at the conclusion of
litigation over the value of the Secured Creditor's claims, or the
sale of the Farm, whichever is later.

Specifically, the Plan provides:

   * Class 1 Allowed Secured Claim of BOA. IMPAIRED. The BOA claim
is listed at $1,409,000.  BOA will receive no payments until the
BOA Claim is Allowed, but the Debtor will post petition pay
currently all taxes on the property.

   * Class 2 General Unsecured Claims of creditors (including
deficiency claim of BOA - Unless subordinated).  IMPAIRED.  Class 2
creditors will receive the net proceeds of any Adversary after
payment of all administrative expenses, except that if BOA is
subordinated as a result of the BOA Adversary, its claim will be
treated as a Class Four subordinated claim.

   * Class 3 General Unsecured Claims of Sky Manor. IMPAIRED. Class
3 creditors will receive the net proceeds of any Adversary, but
only after payment of all administrative expenses and the payment
in full of all Class 2 Claims.

   * Class 4. General Unsecured Claims subordinated as a result of
the BOA Adversary. IMPAIRED.  Class 4 creditors will be paid only
after payments to Classes 2 and 3 have been completed.

   * Class 5. Class 5 consists of the Existing Interest Holders.
IMPAIRED. The Interest Holders will receive the proceeds of the
sale of the Farm, if any after payment of Classes 2, 3, and 4. But
will retain their interest in the Debtor post-confirmation.

A full-text copy of the Disclosure Statement dated January 17,
2020, is available at https://tinyurl.com/sldp8mp from
PacerMonitor.com at no charge.

Attorney for the Debtor:

     Edmond M. George, Esquire
     Michael D. Vagnoni, Esquire
     Angela L. Mastrangelo, Esquire
     Nicholas R. Jimenez, Esquire
     Obermayer Rebmann Maxwell & Hippel LLP
     1120 Route 73, Suite 420
     Mount Laurel, NJ 08054-5108
     Tel: (856) 795-3300

              About High Brass Farm Land Holdings

High Brass Farm Land Holdings LLC classifies its business as Single
Asset Real Estate (as defined in 11 U.S.C. Section 101(51B)).

High Brass Farm sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 19-25217) on Aug. 6, 2019.
In the petition signed by its member, Michael J. Merbler, the
Debtor disclosed assets ranging from $1 million to $10 million and
liabilities of the same range.  Judge Michael B. Kaplan has been
assigned to the case.  The Debtor is represented by Edmond M.
George, Esq., at Obermayer Rebmann Maxwell & Hippel LLP.


HILL & HILL: To Seek Plan & Disclosures Approval March 11
---------------------------------------------------------
Judge Cynthia A. Norton has ordered that the disclosure statement
in support of the Chapter 11 plan of Hill & Hill Maintenance &
Excavation, Inc. has been conditionally approved.

March 11, 2020 at 11:00 a.m., is fixed for the hearing on final
approval of the disclosure statement, (if a written objection has
been timely filed), and for the hearing on confirmation of the plan
and related matters at Bankruptcy Courtroom, 2nd Floor, 222 N. John
Q Hammons Pkwy, Springfield, MO.

Feb. 20, 2020 is the deadline for filing with the Court objections
to the disclosure statement or plan confirmation.

Feb. 20, 2020 is the deadline for submitting to counsel for the
plan proponent ballots accepting or rejecting the plan.

March 3, 2020 at 11:00 a.m. by telephone is the date for status
hearing to discuss any confirmation issues that should arise.

                About Hill & Hill Maintenance

Hill & Hill Maintenance & Excavation, Inc., was formed to provide
general maintenance, repair, and limited construction and
excavation to park facilities in and around southwest Missouri and
northern Arkansas through  subcontracts awarded by U.S. government
and state agencies with the majority being awarded by The Army
Corps of Engineers.  All stock ownership is held by Jeffrey S. Hill
who also serves as president.

Hill & Hill Maintenance filed a Chapter 11 petition (Bankr. W.D.
Mo. Case No. 19-30255) on May 22, 2019, estimating less than
$500,000 in both assets and liabilities.

The Debtor is represented by:

          DAVID SCHROEDER LAW OFFICES, P.C.
          David E. Schroeder #32724
          1524 East Primrose, Suite A
          Springfield, Missouri, 65804
          Tel: (417) 890-1000
          Fax: (417) 886-8563
          E-mail bk1@dschroederlaw.com


HILL & HILL: Unsecured Creditors to Recover 40% in Plan
-------------------------------------------------------
Debtor Hill & Hill Maintenance & Excavation, Inc. filed with the
U.S. Bankruptcy Court for the Western District of Missouri a
Combined Plan and Disclosure Statement.

The Plan places claims and equity interests in various classes and
describes the treatment each class will receive.  Payments and
distributions under the Plan will be funded by the Debtor from its
projected and allocated cash flow from Debtor’s continued
operation of its business.

The Plan provides for payments to members of the class of secured
claims on a monthly or quarterly basis, payments to priority tax
claims on a monthly basis, and payments to the class of unsecured
claims on a quarterly basis.  The unsecured creditor class holding
allowed claims will receive distributions, which the Debtor has
valued at approximately 0.40 cents on the dollar through a pro rata
share of a fixed quarterly payment in the amount of $1,000.00 for a
period of four years (or a pro rata share of $16,000) to be
distributed pro rata to all allowed claims in this class.

Equity interest holders shall not receive any distribution or
payment as holders of preferred or common stock. After payment of
all claims in Classes 1 through 8, equity security holders may
receive their pro-rata share of any distribution arising as a
result of their ownership interest in the Debtor corporation.

A full-text copy of the Combined Plan and Disclosure Statement
dated Jan. 9, 2020, is available at https://tinyurl.com/u7tkv9g
from PacerMonitor.com at no charge.

                About Hill & Hill Maintenance

Hill & Hill Maintenance & Excavation, Inc., was formed to provide
general maintenance, repair, and limited construction and
excavation to park facilities in and around southwest Missouri and
northern Arkansas through  subcontracts awarded by U.S. government
and state agencies with the majority being awarded by The Army
Corps of Engineers.  All stock ownership is held by Jeffrey S. Hill
who also serves as president.

Hill & Hill Maintenance filed a Chapter 11 petition (Bankr. W.D.
Mo. Case No. 19-30255) on May 22, 2019, estimating less than
$500,000 in both assets and liabilities.

The Debtor is represented by:

          DAVID SCHROEDER LAW OFFICES, P.C.
          David E. Schroeder #32724
          1524 East Primrose, Suite A
          Springfield, Missouri, 65804
          Tel: (417) 890-1000
          Fax: (417) 886-8563
          E-mail bk1@dschroederlaw.com


HOSPITAL ACQUISITION: No Distributions for Unsecureds in Plan
-------------------------------------------------------------
Hospital Acquisition LLC, et al., jointly proposed a Combined
Disclosure Statement and Plan for the liquidation of the Debtors'
remaining assets and distribution of the proceeds of the assets to
the holders of allowed claims.

Following the Sales and satisfaction of the Debtors' obligations
under the DIP Credit Agreement, the Debtors are focused principally
on efficiently winding down their businesses, preserving Cash held
in the Estates, and monetizing their remaining Assets, the most
substantial of which is the Debtors' outstanding accounts
receivable.  In addition to the accounts receivable, the remaining
assets include, among other things, Cash, certain deposits,
prepayments, credits and refunds, insurance policies or rights to
proceeds thereof, LifeCare Holding LLC's equity interests in
LifeCare Home Health Acquisition LLC, and certain Causes of Action.


To motivate and preserve essential non-insider personnel that are
vital to the Debtors' efforts to achieve the highest rate of
recovery on the collection of their accounts receivable and
maximize the value of their other remaining Assets, the Debtors
filed the Debtors' Motion for Entry of an Order Approving the
Debtors' Incentive Plans Related to Accounts Receivable Collections
and Cost Reporting, which as approved by the Bankruptcy Court on
Nov. 26, 2019.

The Combined Disclosure Statement and Plan provides for the Assets,
to the extent not already liquidated, to be liquidated over time
and the proceeds thereof to be distributed to Holders of allowed
claims in accordance with the terms of the Plan and the treatment
of Allowed Claims.  The Liquidating Trustee will effect such
liquidation and distributions.  The Debtors will be dissolved as
soon as practicable after the Effective Date.

The Plan treats claims and interests as follows:

   * Class 3: Prepetition Priming Term Loan Claims.  IMPAIRED.
Estimated amount of claim $8.833 million.  Projected recovery 100%.
Each holder of a Prepetition Priming Term Loan Claim will receive
such Holder's pro rata share of the Distribution Proceeds until the
Prepetition Priming Term Loan Claims are paid in full. On the
Effective Date, the Prepetition Priming Term Loan Claims shall be
Allowed in the aggregate principal amount of amount of not less
than $8,745,763.

   * Class 4: Prepetition Second Term Facility Claims.  IMPAIRED.
Estimated amount of claim $145.079 million.  Projected recovery
6.1%.  Each Holder of a Prepetition Second Term Facility Claim will
receive the holder's pro rata share of the Distribution Proceeds
remaining after payment in full of the Prepetition Priming Term
Loan Claims until the Prepetition Second Term Facility Claims are
paid in full. On the Effective Date, the Prepetition Second Term
Facility Claims will be Allowed in the aggregate principal amount
of amount of not less than $140,947,579.

   * Class 5: General Unsecured Claims.  IMPAIRED.  Projected
recovery 0%.  Holders of General Unsecured Claims are not entitled
to receive any Distribution or retain any property under the Plan
on account of such claims.  Creditors in the class are impaired and
are deemed to reject the Plan.

   * Class 7: Interests.  IMPAIRED.  Projected recovery 0%.  On the
Effective Date, all Interests will be extinguished as of the
Effective Date, and owners thereof will receive no Distribution on
account of such Interests.  Interest holders are impaired and are
deemed to reject the Plan.

The Plan will be implemented by, among other things, the continued
existence of certain of the Debtors solely for purposes of
monetizing existing accounts receivable and only to the extent
determined necessary under applicable law, the establishment of the
Liquidating Trust, the transfer to the Liquidating Trust of the
Liquidating Trust Assets, including, without limitation, all Cash
and Causes of Action as well as equity interests in one or more
Debtors, and the making of Distributions by the Liquidating Trust
in accordance with the Plan and Liquidating Trust Agreement.

A full-text copy of the Disclosure Statement dated Jan. 15, 2020,
is available at https://tinyurl.com/uejkfmm from PacerMonitor.com
at no charge.

Counsel for the Debtors:

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

            - and -

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

            - and -

     Sarah Link Schultz
     AKIN GUMP STRAUSS HAUER & FELD LLP
     2300 N. Field Street, Suite 1800
     Dallas, Texas 75201
     Telephone: (214) 969-2800
     Facsimile: (214) 969-4343

                   About Hospital Acquisition

Headquartered in Plano, Texas, and founded in 1992, Hospital
Acquisition LLC and its subsidiaries are operators of long-term
acute care hospitals.  Through their operating subsidiaries, they
provide a full range of clinical services to patients with serious
and complicated illnesses or injuries requiring extended
hospitalization.  They operate a 49-bed behavioral health hospital
in Pittsburgh, Pennsylvania as well as three out-patient wound care
centers located within its hospitals in Plano, Fort Worth and
Dallas, Texas.  As of the petition date, the Debtors operate 17
facilities in nine states.  

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

Hospital Acquisition was estimated to have assets of $100 million
to $500 million and liabilities of $100 million to $500 million.  

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

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

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


IHS MARKIT: Moody's Affirms Ba1 CFR & Alters Outlook to Positive
----------------------------------------------------------------
Moody's Investors Service affirmed IHS Markit Ltd.'s corporate
family rating at Ba1, probability of default rating at Ba1-PD and
senior unsecured at Ba1. The Speculative Grade Liquidity rating is
SGL-1. The rating outlook was revised to positive from stable.

RATINGS RATIONALE

"Given its global scope, diverse products and attractive
profitability and free cash flow profile, IHS Markit debt could be
assigned investment grade ratings if Moody's expects the company
can maintain mid single digit revenue growth while operating with
balanced financial strategies," said Edmond DeForest, Moody's Vice
President and Senior Credit Officer.

IHS Markit's Ba1 CFR reflects debt to EBITDA that has ranged above
4 times when it debt-finances its frequent acquisitions. The pace
of acquisitions slowed following the $1.9 billion purchase of IPREO
in late 2018. The realization of cost reduction targets,
elimination of merger-related expenses and about $500 million of
debt repayment since 2018 has driven financial leverage down to
about 3.4 times as of fiscal year end 2019 (ended November 30).
However, Moody's debt to EBITDA further adjusted by Moody's
estimate of capitalized software costs at 90% of reported capital
expenditures, or about $250 million, was 4.2 times as of FYE 2019.
On the company's basis, pro forma adjusted net leverage was 2.9
times at FYE 2019.

All financial metrics cited reflect Moody's standard adjustments,
unless otherwise noted.

IHS Markit has a strong business profile, good operating scale,
diversified business lines that provide unique and critical
information solutions to the automotive, energy and financial
services industries and a high proportion of recurring revenues.
Moody's expects 2020 free cash flow to be around 17% of debt, after
around $300 million a year for a recently-adopted regular cash
dividend to shareholders, driven by organic revenue growth of about
5% and 100 basis points of expansion of already attractive EBITA
margins to beyond 30%.

Since IHS Markit is a data, analytics and software provider, it
does not exhibit material or unusual environmental or social risks.
Moody's considers financial strategies aggressive, which is a key
governance consideration. IHS Markit's large returns to
shareholders and history of debt-funded acquisitions weighs on its
credit profile. In years when M&A is lighter, IHS Markit has been a
large acquirer of its own stock. From 2015 to 2019, the company
spent $7.1 billion on M&A and share repurchases while generating
only about $4.75 billion in cash flow from operations. The company
borrowed about $2.7 billion of incremental debt over the same
period.

The Ba1 senior unsecured rating reflects the Ba1-PD PDR and a loss
given default assessment of LGD4. The preponderance of the
company's debt is unsecured.

The SGL-1 liquidity rating reflects Moody's assessment IHS Markit's
liquidity profile as very good. Moody's anticipates approaching $1
billion in annual free cash flow and about $1 billion available
under the $1.25 billion unsecured revolving credit facility
(unrated) that matures in 2024. There is about $250 million of debt
coming due in 2020 that Moody's anticipates the company will repay
with cash. Moody's expects IHS Markit will be well within
compliance under the maximum leverage and minimum interest coverage
tests applicable to the revolving credit facility and other
unsecured bank debt, as defined in the applicable agreements.

The positive outlook reflects Moody's anticipation of fewer and
smaller acquisitions, debt to EBITDA declining toward 3 times, some
profitability rate expansion and sustained mid single digit revenue
growth. If IHS Markit pursues large, debt-funded acquisitions or
cannot maintain its revenue growth profile and solid credit
metrics, the outlook could be revised to stable.

The ratings could be upgraded if IHS Markit maintains: 1) strong
revenue and earnings growth; 2) a track record of balanced
financial policies including the ability and willingness to
maintain solid credit metrics throughout an economic cycle and
after concluding debt funded acquisitions; and 3) debt to EBITDA
around 3 times.

Given the positive outlook, a rating downgrade in the near term is
not anticipated. Over the longer term, the ratings could be
downgraded if: 1) there is sustained erosion in earnings; 2) the
company adopts more aggressive financial policies; 3) IHS Markit
sustains debt to EBITDA above 4 times; or 4) free cash flow to debt
remains below 13%.

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

Issuer: IHS Markit Ltd.

Corporate Family Rating, Affirmed Ba1

Probability of Default Rating, Affirmed Ba1-PD

Senior Unsecured Regular Bond/Debenture, Affirmed Ba1 (LGD4)

Outlook, Changed To Positive From Stable

Issuer: IHS Inc.

Senior Unsecured Regular Bond/Debenture, Affirmed Ba1 (LGD4)

Outlook, Changed To Positive From Stable

IHS Markit provides information, research, analytics and other
services to enterprise and government customers in several
industries. Moody's expects FY2020 revenue of about $4.8 billion.


INTERIM HEALTHCARE: Sets Bidding Procedures for All Assets
----------------------------------------------------------
Interim Healthcare of Southeast Louisiana, Inc., asks the U.S.
Bankruptcy Court for the Eastern District of Louisiana to authorize
the bidding procedures in connection with the sale of all or
substantially all of current and after-acquired assets, including
equipment, inventory, goods, general intangibles, certain
contracts, shares in the Debtor's subsidiaries including a 100%
interest in Interim Healthcare Hospice, Inc., and licenses, to
Interim Healthcare, Inc. for $100,000, subject to overbid.

The Assets will not include any receivables, any Interim Franchise
Agreements, or any Interim intellectual property, branding, name,
or anything affiliated with Interim.

The Debtor proposes to market the Assets and contact potential
buyers of the Assets and solicit requests to participate in the
Auction for a period of not less than 20 days prior to the Bid
Deadline.  It proposes that the auction process be governed
pursuant to the Bid Procedures.  It submits that the Bid Procedures
will ensure that maximum value is obtained through the Auction of
the Assets of the Debtor.

Under these procedures, Interim will serve as stalking horse bidder
with an initial offer to purchase the Assets for the sum of
$100,000.  As consideration for Interim's agreement to serve as
stalking horse bidder, Interim will be entitled to a break-up fee
of 3% and expense reimbursement for reasonable expenses incurred in
connection with due diligence and participation in the auction,
including attorney fees relating to such due diligence and
participation in the auction process, which will be subject to
Court approval, with such expense reimbursement to be capped at
$35,000, and which will be payable directly to Interim from the
person in whom title to the Assets ultimately vests.

The Debtor and Interim will execute an asset purchase agreement
providing for sale of the Assets free and clear of all liens and
encumbrance, which will serve as a template for the submission of
competing purchase offers from other parties.  Any person
interested in purchasing the Assets must execute a confidentiality
and non-disclosure agreement in accordance with the Bid Procedures.


The salient terms of the Bidding Procedures are:

     a. Bid Deadline: No later than 5:00 p.m. (CDT) on Feb. 10,
2020

     b. Initial Bid: $125,000

     c. Deposit: $25,000

     d. Auction: If two or more Qualified Bids are received by the
Bid Deadline then the Debtor will conduct the Auction.  The Auction
will commence on Feb. 14, 2020 at 10:00 a.m. (CST) at the office of
Lugenbuhl, Wheaton, Peck, Rankin & Hubbard, 601 Poydras Street,
Suite 2775, New Orleans, Louisiana 70130 or such later time or
other place as the Debtor will timely notify all Qualified Bidders
following consultation with its advisors and counsel for Interim.

     e. Bid Increments: $25,000

     f. Sale Hearing: Feb. 19, 2020

     g. Closing: 30 days after the entry of the Sale Order

     h. The Interim will be entitled to credit bid the sum due to
Interim from the Debtor as stated in that certain Term Sheet
executed on Dec. 17, 2019 and disclosed in open court on Dec. 18,
2019, inclusive of any amount of the postpetition monthly royalties
due Interim and not theretofore paid.  Otherwise, no person will be
entitled to submit any Bid which is in whole or in part based upon
a credit for any amount or amounts alleged to be due from the
Debtor.  If the Interim is not the Prevailing Bidder of the Assets
(defined below), any portion of the total amount of $7,500, not
paid every 30 day period to Interim, will be paid, with Court
approval, at the closing of any sale of the Assets in full directly
from the proceeds of the sale.

In the event that a Prevailing Bidder fails to consummate an
approved Sale within 14 days after the end of the Auction, the
Debtor will be authorized, but not required, to deem the Back-Up
Bid as disclosed at the conclusion of the Auction, the Prevailing
Bid, and the Debtor will be authorized, but not required, to
consummate the Sale with the Back-Up Bidder submitting such Bid
without further order of the Court.  In connection with the Sale,
the Debtor proposes to serve the Notice Parties with the Sale
Notice.

The Debtor has immediate need for the proceeds of the Sale.
Therefore, it asks the Court directs that the order approving the
Motion will be immediately effective and not stayed pursuant to
Bankruptcy Rules 6004(h).

A copy of the Bidding Procedures is available at
https://tinyurl.com/sz8zrgr from PacerMonitor.com free of charge.

                   About Interim Healthcare
                     of Southeast Louisiana

Interim Healthcare of Southeast Louisiana, Inc., is a home health
care services provider based in Covington, Louisiana.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. E.D.
La. Case No. 19-13127) on November 19, 2019.  In the petition
signed by Julia Burden, president and chief executive officer, the
Debtor was estimated to have $1 million to $10 million in both
assets and liabilities.  The Hon. Jerry A. Brown oversees the case.
The Debtor is represented by Joseph Patrick Briggett, Esq., at
Lugenbuhl, Wheaton, Peck, Rankin & Hubbard.


JANE STREET: S&P Rates $1.5BB Senior Secured Term Loan 'BB-'
------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue rating on Jane Street
Group LLC's new $1.5 billion senior secured term loan B due 2025.
This issue refinances the firm's existing senior secured debt and
extends the term to five years. While S&P views the extension of
the maturity positively, the issue has no impact on its ratings on
Jane Street.



JM GRAIN: North Dakota Ag Department Objects to Amended Disclosures
-------------------------------------------------------------------
The North Dakota Department of Agriculture (Ag Department), an
interested party and having regulatory authority over debtor JM
Grain, Inc., submitted an objection to Debtor's Amended Disclosure
Statement, for these reasons:

  * The Debtor fails to disclose the authority relied upon that
would allow the Court to prevent the State of North Dakota,
including the Ag Department, from pursuing Debtor’s ND Bond as
permitted by N.D.C.C. ch. 60-02 and 60-04. This is especially true
considering Debtor’s ND Bond is not part of the bankruptcy
estate.

  * The Amended Disclosure Statement is inconsistent with the
testimony provided by Mr. Flaten, the president of Debtor, at the
Oct. 15, 2019 hearing on FBN CM LLC's Motion for relief from the
Automatic Stay.  According to the testimony from Mr. Flaten, Debtor
was in possession of sufficient grain to pay, in full, ND
Receiptholders, however, the Amended Disclosure Statement states
that only three ND Receiptholders will be paid in full.

  * As part of the means to implement the plan, the Debtor intends
to take receipt of land described as the "Arrow Kay Property" from
Arrow Kay Farms, Inc., an entity owned by Justin and Melissa
Flaten.  The Debtor fails to explain adequately how the transfer of
the Arrow Kay Property and the cancelation of the shareholder loans
provides an equivalent value or benefit to anyone other than the
shareholders of Debtor.

  * Mr. Flaten signed a declaration that anticipated shareholders
investing $1,500,000 at the time of the original petition.  The
Amended Disclosure Statement reduces this amount to $250,000.
However, the Amended Disclosure Statement fails to explain
adequately why Debtor's shareholders have decreased their planned
contribution by over a million dollars.

A full-text copy of Ag Department's objection dated Jan. 9, 2020,
is available at https://tinyurl.com/rn2hjyl from PacerMonitor.com
at no charge.

North Dakota Department of Agriculture is represented by:

     Daniel L. Gaustad
     Joseph E. Quinn (ND ID 06538)
     Special Assistant Attorney General
     24 North 4th Street, P.O. Box 5758
     Grand Forks, ND 58206-5758
     Tel: (701) 775-0521
     Fax: (701) 775-0524
     E-mail: dan@grandforkslaw.com

                         About JM Grain

JM Grain Inc. buys and sells pulse crops. JM Grain sources its
pulses from over 700 independent farmer-producers growing crops in
the fertile fields of Montana and North Dakota.  On the
web:https://www.jmgrain.com/

JM Grain, Inc., based in Garrison, ND, filed a Chapter 11 petition
(Bankr. D.N.D. Case No. 19-30359) on June 25, 2019.  In the
petition signed by Justin E. Flaten, president, the Debtor was
estimated to have up to $50,000 to $100,000 in assets and $1
million to $10 million in liabilities.  The Hon. Shon Hastings
oversees the case.  Caren Stanley, partner of Vogel Law Firm,
serves as bankruptcy counsel to the Debtor.


K3D PROPERTY: Seeks to Hire Lucove Say as Accountant
----------------------------------------------------
K3D Property Services, LLC, seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Tennessee to hire Lucove, Say &
Co. as its accountant.

Lucove will provide these services in connection with the Debtor's
Chapter 11 case:

     a. oversee the internal accounting systems employed by the
Debtor;

     b. provide financial advice and consulting services to assist
the Debtor in its reorganization and preparation of its bankruptcy
plan and other necessary reports;

     c. review and assist in the preparation of tax returns,
monthly operating reports and other accounting reports;

     d. assist in drafting and preparing tax analysis, insolvency
analysis and other sections of the Debtor's disclosure statement
and bankruptcy plan; and

     e. review the Debtor's books and records and prepare financial
reports.

The firm will be paid at these rates:

     Partner   $300 per hour
     Staff     $150 per hour

The firm received a pre-bankruptcy retainer of $2500.
  
Lucove and its members and associated certified public accountants
are "disinterested" within the meaning of Section 101(14) of the
Bankruptcy Code, according to court filings.

The firm can be reached through:

     Lucove Say & Company
     23901 Calabasas Road #2085
     Calabasas, CA 91302
     Phone: 818.224.4411 / 888.223.8900
     Fax: 818.225.7054

                    About K3D Property Services

K3D Property Services, LLC, offers a variety of services, including
home remodeling, basement finishing, drywall installation and
finishing, tile installation, carpet installation, wall framing,
bathroom remodeling, kitchen remodeling, deck installation and
maintenance, interior and exterior painting, commercial painting,
wallpaper and popcorn ceiling removal, deck staining, concrete
floor coatings, and metal roof painting.

K3D Property Services filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tenn. Case No.
19-15361) on Dec. 23, 2019. The petition was signed by Kenneth
Morris, managing member.  At the time of the filing, the Debtor had
estimated $1 million to $10 million in both assets and liabilities.
Judge Shelley D. Rucker oversees the case.  Amanda Stofan, Esq.,
at Farinash & Stofan and Steven R. Fox, Esq., at The Fox Law
Corporation, Inc., are serving as the Debtor's legal counsel.


K3D PROPERTY: Seeks to Hire Stephan Wright as Counsel
-----------------------------------------------------
K3D Property Services, LLC, seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Tennessee to hire The Law Offices
of Stephan Wright PLLC as its legal counsel.

The firm will represent the Debtor in a case entitled K3D
Property Services, LLC v. Shirley Bowling, 19-0758, pending in the
Chancery Court for Hamilton County, Tenn.

Stephan Wright will charge $260 per hour for its services.  The
retainer fee is $1,500.

Stephan Wright neither represents nor holds any interest adverse to
the Debtor and its bankruptcy estate, according to court filings.

The firm can be reached through:

     Stephan Wright, Esq.
     The Law Offices of Stephan Wright PLLC
     2288 Gunbarrel Road, Suite 154
     Box No. 247
     Chattanooga, TN 37421
     Phone: +1 (423) 826 6919
     Fax: +1 (423) 826 6929
     Email: swright@stephanwright.com

                    About K3D Property Services

K3D Property Services, LLC, offers a variety of services, including
home remodeling, basement finishing, drywall installation and
finishing, tile installation, carpet installation, wall framing,
bathroom remodeling, kitchen remodeling, deck installation and
maintenance, interior and exterior painting, commercial painting,
wallpaper and popcorn ceiling removal, deck staining, concrete
floor coatings, and metal roof painting.

K3D Property Services filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tenn. Case No.
19-15361) on Dec. 23, 2019. The petition was signed by Kenneth
Morris, managing member.  At the time of the filing, the Debtor had
estimated $1 million to $10 million in both assets and liabilities.
Judge Shelley D. Rucker oversees the case.  Amanda Stofan, Esq.,
at Farinash & Stofan and Steven R. Fox, Esq., at The Fox Law
Corporation, Inc. are the Debtor's legal counsel.


LAWSON NURSING: UST, Case Trustee Say PCO Not Necessary
-------------------------------------------------------
Andrew R. Vara, United States Trustee, and William G. Krieger, the
Chapter 11 Trustee of Lawson Nursing Home, Inc., tell the United
States Bankruptcy Court for the Western District of Pennsylvania
that a patient care ombudsman is no longer necessary in the
Debtor's case.

The Debtor owned and operated a nursing home at 540 Coal Valley
Road, Clairton, Pa.  On November 7,2018, the Bankruptcy Court
entered an order appointing Margaret Barajas as the Patient Care
Ombudsman in the Bankruptcy Case.

On June 21, 2019, the Bankruptcy Court entered an order directing
the United States Trustee to appoint a chapter 11 trustee in this
Bankruptcy Case. Then, On June 26, the Bankruptcy Court entered an
Order approving the selection of Mr. Krieger as the Chapter 11
Trustee.

On October 28, 2019, the Debtor and Jefferson Hills Holdings, LLC
closed on the sale of substantially all of the Debtor's assets
including the Nursing Home.  On January 7, 2020, the Court issued
the Rule to Show Cause as to Why the Ombudsman Should Not be
Relieved of Further Obligations.

The U.S. Trustee says the appointment of the Ombudsman be
terminated. The Chapter 11 Trustee joins in the Response filed by
the U.S. Trustee.

According to Mr. Vara, the Debtor no longer provides health care
services to patients since the nursing home was sold. Thus, there
is no further need for a patient care ombudsman in this case.  The
U.S. Trustee recommends that Ms. Barajas be relieved of her duties
in this case and her appointment be terminated.

A full-text copy of the U.S. Trustee's response is available at
https://tinyurl.com/wusreet from PacerMonitor.com at no charge.
  
                   About Lawson Nursing Home

Lawson Nursing Home, Inc., owned and operated a nursing home in
Jefferson Hills, Pennsylvania.  It was a small facility with 50
beds and had 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 Oct. 10, 2018. In the petition
signed by Derek R. Glaser, president, the Debtor estimated $1
million to $10 million in both assets and liabilities.  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. He retained Leech Tishman Fuscaldo & Lampl,
LLC, as counsel, and Gleason & Associates, P.C., as financial
advisor.



LEVEL SOLAR: Project Funds Say Pell-QED Plan Highly Questionable
----------------------------------------------------------------
Level Solar Fund III LLC (Fund III) and Level Solar Fund IV LLC
(Fund IV, together with Fund III, the "Project Funds") filed an
objection to the motion of the Chapter 11 Trustee and Pell-QED
Proponents for entry of an order approving adequacy of the
Disclosure Statement for the First Amended Joint Chapter 11 Plan of
Reorganization of the Chapter 11 Trustee and PellQED Proponents.  

In support of this Objection, the Project Funds state:

  * No official committee of unsecured creditors has been appointed
and exclusivity has expired.  Despite all that time to develop a
fully consensual plan through a fair and transparent process, the
Plan Proponents have proposed a highly-questionable plan and
disclosure statement that fail to meet the confirmation and
disclosure requirements under the Bankruptcy Code.

  * There is no indication that the proposed $400,000 contribution
is the highest and best offer the Debtor could have received for
all its equity when it appears there has been no attempt to market
the assets. This is especially concerning in light of the sworn
bankruptcy testimony of William Frey - the President and CEO of the
Debtor and Managing Member of Plan Proponent QED - that the
Debtor's ownership interests in its subsidiaries entitle the Debtor
to receive approximately $32 million in future payments from those
subsidiaries on a present value basis. As such, the Plan cannot be
confirmed and the Disclosure Statement should not be approved.

  * Under the Plan, the Pell-QED Proponents will own 100% of the
Equity Interests in the Reorganized Debtor in exchange for a
$400,000 contribution and a loan to the LSI Liquidating Trust in an
amount to be determined. The Project Funds have requested documents
from the Plan Proponents indicating whether the Debtor's assets
were marketed to any other party.  The Project Funds have received
no response to date and it does not appear that the Chapter 11
Trustee marketed the assets to any one besides the majority
stockholders.  The Plan cannot be confirmed based on this private
insider sale.

  * The proposed Disclosure Statement fails to provide adequate
information to permit a hypothetical investor to reach an informed
judgment about the proposed Plan.  The proposed Disclosure
Statement is inaccurate, misleading, confusing and does not satisfy
the requirements of Section 1125.

A full-text copy of Project Funds' objection to disclosure dated
January 9, 2020, is available at https://tinyurl.com/vqa3nrm from
PacerMonitor.com  at no charge.

The Project Funds are represented by:

         NIXON PEABODY LLP
         Victor Milione
         Christopher J. Fong
         55 West 46th Street
         New York, NY 10036
         Telephone: (212) 940-3000
         E-mail: vmilione@nixonpeabody.com
                 cfong@nixonpeabody.com

                      About Level Solar Inc.

Based in New York, Level Solar Inc. operates under the solar-energy
installation industry. Incorporated in 2013, the company has
operations in Long Island, New York City and Massachusetts.

Level Solar filed for bankruptcy protection (Bankr. S.D.N.Y. Case
No. 17-13469) on Dec. 4, 2017.  At the time of the filing, the
Debtor was estimated to have assets of between $50 million and $100
million and debt of between $1 million and $10 million.  Michael
Conway, Esq., at Shipman & Goodwin LLP, is the Debtor's bankruptcy
counsel. Akin Gump Strauss Hauer & Feld LLP serves as corporate
counsel.

Ronald J. Friedman, Esq., was appointed Chapter 11 trustee for the
Debtor.  The Trustee tapped SilvermanAcampora LLP as his legal
counsel.


LIT'L PATCH: To Seek Plan Confirmation on Feb. 25
-------------------------------------------------
Judge Michael E. Romero has ordered that the Disclosure Statement
in support of the Chapter 11 Plan filed by Lit'l Patch of Heaven
Inc. is conditionally approved.

Feb. 18, 2020, is fixed as the last day for filing written
acceptances or rejections of the Plan of Reorganization.

Feb. 18, 2020, is fixed as the last day for filing and serving
written objections to the Disclosure Statement.

Feb. 18, 2020, is fixed as the last day for filing and serving
written objections to confirmation of the Plan of Reorganization.

On or before Feb. 21, 2020, counsel for the debtor must prepare and
file with this court, a summary report on the ballots.

The hearing on confirmation of the Plan of Reorganization and to
consider final approval of the Disclosure Statement is scheduled as
follows:

        DATE: February 25, 2020
        TIME: 9:30 a.m.
        COURTROOM: C

                About Lit'l Patch of Heaven Inc.

Lit'l Patch of Heaven Inc., based in Thornton, CO, filed a Chapter
11 petition (Bankr. Colo. Case No. 19-16119) on July 17, 2019.  In
the petition signed by Jeff Kraft, CEO, the Debtor was estimated to
have $1 million to $10 million in assets and $500,000 to $1 million
in liabilities.  The Hon. Michael E. Romero oversees the case.
Aaron A. Garber, Esq., at Wadsworth Garber Warner Conrardy, P.C.,
serves as bankruptcy counsel to the Debtor.

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


LIT'L PATCH: Unsecureds to Have 59% Recovery Under Plan
-------------------------------------------------------
Debtor Lit'l Patch of Heaven Inc., filed with the U.S. Bankruptcy
Court for the District of Colorado a Chapter 11 Plan of
Reorganization and a Disclosure Statement.

The Plan provides for the reorganization of the Debtor under
Chapter 11 of the Code through the continued operation of the
Debtor's business. The Debtor will deposit $1,000 into the
Unsecured Creditor Account on a monthly basis for a period of five
years, which it will use to make quarterly distributions, first to
holders of allowed Administrative Claims, Pro Rata, until all such
Claims are paid in full.

Once all allowed Administrative Claims are paid in full, the Debtor
shall make quarterly distributions, Pro Rata, to general unsecured
creditors that hold Allowed Claims for five years, or until all
such Claims have been paid in full.  The Debtor scheduled
non-priority unsecured Claims in the amount of $62,362.78,
exclusive of any deficiency Claims that are held by secured
creditors.  The total amount of Allowed Class 7 Unsecured Claims is
projected to be $86,005.46. Pursuant to the Projections, it is
estimated that Class 7 claimants will recover approximately 59% on
account of their Claims.

The Debtor expects that its bankruptcy counsel, WGWC, will hold an
Administrative Claim for unpaid legal fees and costs in the total
amount of at least $10,000 on the effective date of the Plan,
estimated as March 15, 2020.

Jeffrey Kraft is the sole shareholder and the CEO of the Debtor.

The funding for the Plan will come from the Debtor's continued
operations. The Debtor will have sufficient cash on hand and
profits during the term of the Plan to satisfy its Plan
obligations.

A full-text copy of the disclosure statement dated January 9, 2020,
is available at https://tinyurl.com/tsfybo2 from PacerMonitor.com
at no charge.

The Debtor is represented by:

       Aaron A. Garber
       Wadsworth Garber Warner Conrardy, P.C.
       2580 West Main Street, Suite 200
       Littleton, CO 80120
       Tel: (303)296-1999
       Fax: (303)296-7600
       E-mail: agarber@wgwc-law.com

              About Lit'l Patch of Heaven Inc.

Lit'l Patch of Heaven Inc., based in Thornton, CO, filed a Chapter
11 petition (Bankr. Colo. Case No. 19-16119) on July 17, 2019. In
the petition signed by Jeff Kraft, CEO, the Debtor estimated $1
million to $10 million in assets and $500,000 to $1 million in
liabilities. The Hon. Michael E. Romero oversees the case. Aaron A.
Garber, Esq., at Wadsworth Garber Warner Conrardy, P.C., serves as
bankruptcy counsel to the Debtor.

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


LOST D VENTURES: Seeks to Hire Steidl and Steinberg as Counsel
--------------------------------------------------------------
Lost D Ventures, LLC, seeks approval from the U.S. Bankruptcy Court
for the Western District of Pennsylvania to hire Steidl and
Steinberg, P.C. as its legal counsel.
   
Steidl and Steinberg 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.

Christopher Frye, Esq., the firm's attorney who will be handling
the case, charges an hourly fee of $300.  His firm received a
retainer of $5,000, plus the filing fee of $1,717.

Mr. Frye disclosed in court filings that he and his firm are
"disinterested" within the meaning of Section 101(14) of the
Bankruptcy Code.

Steidl and Steinberg can be reached through:

     Christopher M. Frye, Esq.
     Steidl & Steinberg        
     2830 Gulf Tower
     707 Grant Street
     Pittsburgh, PA 15219
     Phone: 412-391-8000
     Email: chris.frye@steidl-steinberg.com

                      About Lost D Ventures

Lost D Ventures, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 20-20239) on Jan. 22,
2020.  At the time of the filing, the Debtor disclosed assets of
between $1 billion and $10 billion and liabilities of the same
range.  The Debtor is represented by Steidl & Steinberg.


M&T BRYANT: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: M&T Bryant Construction and Inspection Services LLC
        1327 S. Akron Way
        Denver, CO 80247-2252

Business Description: M&T Bryant Construction and Inspection
                      Services LLC is a Single Asset Real Estate
                      debtor (as defined in 11 U.S.C. Section
                      101(51B)).

Chapter 11 Petition Date: January 29, 2020

Court: United States Bankruptcy Court
       District of Colorado

Case No.: 20-10658

Judge: Hon. Elizabeth E. Brown

Debtor's Counsel: David M. Serafin, Esq.
                  LAW OFFICE OF DAVID SERAFIN
                  501 S Cherry St. Ste 1100
                  Denver, CO 80246-1330
                  E-mail: david@davidserafinlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mark Bryant, president.

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

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

                    https://is.gd/pkrF2C


MCP REAL ESTATE: To Seek Confirmation of Amended Plan March 4
-------------------------------------------------------------
MCP Real Estate Holding, LLC, designated as a small business
pursuant to 11 U.S.C. Sec. 101(51D), filed an Amended Disclosure
Statement and Chapter 11 Plan on January 20, 2020.  

Judge Frank W. Volk on Jan. 28, 2020 ordered that:

   1. The Disclosure Statement is conditionally approved pursuant
to Bankruptcy Rule 3017.1(a), subject to the rights of parties in
interest to request amendment or file objections, and the Debtor(s)
is authorized to distribute the same to creditors, along with the
proposed Chapter 11 Plan, and to solicit creditors' votes on the
Chapter 11 Plan pursuant to Bankruptcy Rule 3017(d).

   2. Feb. 26, 2020 is fixed as the last day to file with the
Court, and serve in accordance with Bankruptcy Rule 3017(a), any
written objection to the Disclosure Statement.

   3. Feb. 26, 2020 is fixed as the last day to file with the
Court, and serve in accordance with Bankruptcy Rule 3020(b)(1), any
written objection to confirmation of the Chapter 11 Plan.

   4. Feb. 26, 2020 is fixed as the last day to file acceptances or
rejections of the Chapter 11 Plan.  Such acceptances or rejections
shall be filed with counsel for the Debtor, John Leaberry, 167
Patrick Street, Lewisburg, WV 24901, 304-645-2025, who shall
tabulate the ballots by class and file the original ballots and
tabulation not less than three (3) working days prior to the
hearing on confirmation.

   5. A hearing will be held at 1:30 p.m. on March 4, 2020, in
Bankruptcy Courtroom A, 6400 Robert C. Byrd United States
Courthouse, 300 Virginia Street East, Charleston, West Virginia, to
consider and act upon:

     a. Final approval of the Disclosure Statement and any
objection thereto  timely filed with the Court; and

     b. Confirmation of the Chapter 11 Plan and any objection
thereto timely filed with the Court.

                       About MCP Real Estate

MCP Real Estate Holding, LLC, owner of a 129.7-acre tract with 6
nearly complete townhouses near Rt. 50 Clarksburg, West Virginia,
filed a Chapter 11 bankruptcy petition (Bankr. S.D. W.Va. Case No.
19-30026) on Jan. 23, 2019, listing under $50,000 in both assets
and liabilities. The Debtor hired Pepper & Nason as attorney.


MEDIQUIRE INC: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Mediquire, Inc.
        121 West 27th Street
        Suite # 903
        New York, NY 10001

Business Description: Mediquire, Inc. -- https://mediquire.com --
                      is a data analytics company dedicated to
                      accelerating the adoption of value-based
                      payment methodologies.  Its mission is to
                      accelerate the transition to value-based
                      care using a suite of advanced analytics
                      solutions that help payers and providers
                      design, negotiate, and track value-based
                      contracts, as well as provide insights to
                      aid providers in closing gaps at the point-
                      of-care.

Chapter 11 Petition Date: January 30, 2020

Case No.: 20-10284

Court: United States Bankruptcy Court
       Southern District of New York

Debtor's Counsel: Joel M. Shafferman, Esq.
                  SHAFFERMAN & FELDMAN LLP
                  137 Fifth Avenue
                  9th Floor
                  New York, NY 10010
                  Tel: (212) 509-1802
                  E-mail: joel@shafeldlaw.com

Total Assets: $2,178,510

Total Liabilities: $1,780,713

The petition was signed by Rhonda Rosen, chief financial officer.

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

                      https://is.gd/ENOWRw


MELINTA THERAPEUTICS: Unsecureds Out of Money in Debt/Equity Swap
-----------------------------------------------------------------
A hearing will commence on Feb. 21, 2020, at 11:00 a.m. (Eastern
Time), on the disclosure statement explaining the Chapter 11 plan
filed by Melinta Therapeutics, Inc., et al., before the Honorable
Laurie Selber Silverstein, United States Bankruptcy Judge, in the
United States Bankruptcy Court for the District of Delaware, 824
North Market Street, Wilmington, Delaware 19801.

Responses or objections, if any, must be filed with the Court and
served upon each of the following parties so as to be actually
received no later than 4:00 p.m. (Eastern Time) on February 14,
2020.

The Plan provides for payment in full or other treatment that would
result in the unimpairment of Allowed Administrative, Priority Tax,
Other Priority Claims, and Other Secured Claims.

The treatment of the remaining claims against and interests in the
Debtors depends on the outcome Debtors' sales and marketing
process.  In the event that the supporting lenders are the
successful bidder, then the Supporting Lenders will receive 100% of
the equity interests in reorganized Melinta Therapeutics (the
"Reorganized Melinta Common Stock") in full satisfaction of the
Secured Prepetition Credit Agreement Claims, Holders of Allowed
General Unsecured Claims will receive no recovery, and all
Interests in Melinta Therapeutics will be cancelled, extinguished,
and discharged.  In the event that a third party is the Successful
Bidder, Holders of Allowed Secured Prepetition Credit Agreement
Claims shall receive their pro rata share of the Distributable
Cash, until such claims are paid in full in cash, Holders of
Allowed General Unsecured Claims shall receive their pro rata share
of Distributable Cash, if any, remaining after all Secured
Prepetition Credit Agreement Claims have been paid in full in cash
and all Interests in Melinta Therapeutics shall be cancelled,
extinguished, and discharged.

A full-text copy of the Disclosure Statement dated Jan. 17, 2020,
is available at https://tinyurl.com/v2jq89f from PacerMonitor.com
at no charge.

Proposed Co-Counsel for the Debtors:

     MCDERMOTT WILL & EMERY
     David R. Hurst
     The Nemours Building
     1007 North Orange Street, 4th Floor
     Wilmington, Delaware 19801
     Telephone: (302) 485-3900
     Fax: (302) 351-8711

            - and -

     SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
     Joseph O. Larkin
     920 North King Street
     Wilmington, Delaware 19801
     Telephone: (302) 651-3000
     Fax: (302) 651-3001

            - and -

     Ron E. Meisler
     Albert L. Hogan III
     Christopher M. Dressel
     155 North Wacker Drive
     Chicago, Illinois 60606-1720
     Telephone: (312) 407-0700
     Fax: (312) 407-0411

                   About Melinta Therapeutics

Melinta Therapeutics, Inc. (NASDAQ: MLNT) --
http://www.melinta.com/-- is the largest pure-play antibiotics
company, dedicated to saving lives threatened by the global public
health crisis of bacterial infections through the development and
commercialization of novel antibiotics that provide new therapeutic
solutions.  Its four marketed products include Baxdela
(delafloxacin), Vabomere (meropenem and vaborbactam), Orbactiv
(oritavancin), and Minocin (minocycline) for Injection.  This
portfolio provides Melinta with the unique ability to provide
providers and patients with a range of solutions that can meet the
tremendous need for novel antibiotics treating serious infections.

Melinta Therapeutics, Inc., and its subsidiaries sought Chapter 11
protection (D. Del. Lead Case No. 19-12748) on Dec. 27, 2019, after
reaching a deal with lenders on a Chapter 11 plan that would
convert debt to equity.

Melinta Therapeutics disclosed $228,491,000 in assets and
$289,022,000 in liabilities as of Sept. 30, 2019.

The Hon. Laurie Selber Silverstein is the presiding judge.

Melinta tapped Skadden, Arps, Slate, Meagher & Flom LLP as
bankruptcy counsel.  Cole Scholtz LLP is co-counsel.  Jefferies,
LLC, is the investment banker; and Portage Point Partners, LLC, is
the financial advisor.  

Kurtzman Carson Consultants LLC is the claims agent, maintaining
the page http://www.kccllc.net/melinta

The Supporting Lenders are advised by Sullivan & Cromwell LLP,
Houlihan Lokey and Landis Rath & Cobb LLP.


MICHAEL FELICE: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Michael Felice Interiors LLC
           DBA Michael Felice Interiors Limited Liability Company  
  
           DBA Michael Felice Interiors
           DBA Hunter Douglas Design Gallery by Michael Felice
           Interiors
        318 Franklin Avenue
        Wyckoff, NJ 07481
        
Business Description: Michael Felice Interiors LLC --
                      https://www.michaelfeliceinteriors.com --
                      is a full service design firm located in
                      Wyckoff, NJ.  It offers a large selection of
                      furniture, window coverings, carpet,
                      lighting, and a gallery of Hunter Douglas
                      shades and blinds.

Chapter 11 Petition Date: January 30, 2020

Court: United States Bankruptcy Court
       District of New Jersey

Case No.: 20-11531

Debtor's Counsel: David L. Stevens, Esq.
                  SCURA, WIGFIELD, HEYER, STEVENS & CAMMAROTA, LLP
                  1599 Hamburg Turnpike
                  Wayne, NJ 07470
                  Tel: 973-696-8391
                  E-mail: ecfbkfilings@scuramealey.com

Total Assets: $97,524

Total Liabilities: $2,300,540

The petition was signed by Michael J. Felice, member.

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

                     https://is.gd/lx3SNQ


MRS. G'S LOUNGE: To Seek Plan & Disclosures Approval Feb. 25
------------------------------------------------------------
Judge John K. Sherwood has ordered that the Disclosure Statement
accompanying the Chapter 11 Plan filed by Mrs. G's Lounge &
Restaurant, LLC, is conditionally approved.

Feb. 18, 2020 is fixed as the last day for filing and serving
written objections to the Disclosure Statement and confirmation of
the Plan.

Feb. 18, 2020 is fixed as the last day for filing written
acceptances or rejections of the Plan.

A hearing will be held on Feb. 25, 2020 at 10:00 a.m. (a date
within 45 days of the filing of the Plan) for final approval of the
Disclosure Statement (if a written objection has been timely filed)
and for confirmation of the Plan before the Honorable John K.
Sherwood, United States Bankruptcy Court, District of New Jersey,
50 Walnut Stree, Newark, NJ 07102 in Courtroom 3D.

                        About Mrs. G's Lounge

Mrs. G's Lounge & Restaurant, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. D.N.J. Case No. 19-23883) on July 17, 2019,
disclosing under $1 million in both assets and liabilities.  The
Debtor is represented by David L. Stevens, Esq., at Scura Wigfield
Heyer & Stevens, LLP.


NOTOX TECHNOLOGIES: Has CAD242.9-Mil. Loss for Nov. 30 Quarter
--------------------------------------------------------------
Notox Technologies Corp. filed its quarterly report on Form 10-Q,
disclosing a loss and comprehensive loss of CAD242,940,000 on CAD0
of revenue for the three months ended Nov. 30, 2019, compared to a
loss and comprehensive loss of CAD123,132,000 on CAD0 of revenue
for the same period in 2018.

At Nov. 30, 2019, the Company had total assets of CAD1,083,271,000,
total liabilities of CAD3,881,323,000, and CAD3,069,960,000 in
total stockholders' deficiency.

The Company said, "As at November 30, 2019, we had a working
capital deficiency of $3,742,570 and an accumulated deficit of
$12,661,471.  Our continuation as a going concern is dependent upon
the continued financial support from our stockholders, our ability
to obtain necessary equity financing to continue operations, and
the attainment of profitable operations.  These factors raise
substantial doubt regarding our ability to continue as a going
concern.  Our financial statements do not include any adjustments
to the recoverability and classification of recorded asset amounts
and classification of liabilities that might be necessary should we
be unable to continue as a going concern."

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

                       https://is.gd/fliHiI

Notox Technologies Corp. is a holding company operating through
Tropic Spa Inc., a company that manufactures and sells Home Mist
Tanning units that deliver a full-body application.  The Company
was incorporated under the laws of the state of Nevada on October
29, 2007 under the name Rockford Minerals Inc.  It changed its name
to Notox Technologies Corp. on November 19, 2018.


O'LINN SECURITY: Unsecureds to Receive $270K Over 5 Years
---------------------------------------------------------
O'Linn Security Incorporation, a security services provider, has
proposed Chapter 11 plan of reorganization.  

To fix the problems that led to this bankruptcy filing, the Debtor
has stopped providing services for some customers where the jobs
are not profitable.
The Debtor has also reduced expenses where possible.  The changes
make it likely that the Debtor can reorganize and can make plan
payments.

Class 5 and Class 6 general unsecured claims, amounting to an
estimated $5,009,441, will receive a total payout of $270,000.
Payments will be on a monthly basis for 60 months.  Due to a
putative class action suit, which will likely not result in a
judgement for a period of years, the Debtor is unable to estimate
the likely amount of claims in this class.

The Plan will be funded by the Debtor's business operation. The
Debtor anticipates having monies of $156,152 on hand at the Plan's
Effective Date from ongoing operations.

A hearing to consider approval of the Disclosure Statement is
scheduled for March 3, 2020, at 1:30 p.m.

A full-text copy of the Original Disclosure Statement dated January
15, 2020, is available at https://tinyurl.com/sumsvdm from
PacerMonitor.com at no charge.

Attorneys for the Debtor:

     Stephen R. Fox
     Lesley B. Davis
     THE FOX LAW CORPORATION, INC.
     17835 Ventura Blvd., Suite 306
     Encino, CA 91316
     Tel: (818)774-3545
     Fax: (818)774-3707
     E-mail: srfox@foxlaw.com
             Idavis@foxlaw.com

                     About O'Linn Security

O'Linn Security Incorporated, a security firm that provides
services in the palm Springs area and greater Coachella Valley, in
California, sought Chapter 11 protection (Bankr. C.D. Cal. Case No.
19-17085) on Aug. 13, 2019,  stimating both assets and liabilities
of less than $1 million.  The case is
assigned to Judge Scott C. Clarkson.  Steven R. Fox, Esq., and W.
Sloan Youkstetter, Esq., at The Fox Law Corporation, Inc., serve as
the Debtor's counsel.  


OVINTIV INC: Moody's Assigns 'Ba1' CFR, Outlook Positive
--------------------------------------------------------
Moody's Investors Service assigned ratings to Ovintiv Inc.
consisting of a Ba1 corporate family rating, Ba1-PD probability of
default rating, a Not Prime commercial paper program ($1.5 billion)
rating, and a SGL-2 speculative grade liquidity rating. The rating
outlook is positive.

The senior unsecured notes issued by Encana Corporation (now
renamed Ovintiv Canada ULC) were affirmed at Ba1. The rating
outlook remains positive. The notes have been legally assumed by
Ovintiv Inc. and will be transferred to Ovintiv Inc. on the next
business day. Moody's also assigned a Not Prime rating to Ovintiv
Canada ULC's $1B commercial paper program, which is guaranteed by
Ovintiv Inc. Encana Corporation's (now Ovintiv Canada ULC) Ba1 CFR,
Ba1-PD PDR, SGL-2 and the existing Not Prime commercial paper
program ratings will be withdrawn.

The senior unsecured notes issued by Newfield Exploration Co. (now
renamed Ovintiv Exploration Inc.) were also affirmed at Ba1
following the new guarantee provided by Ovintiv Inc. The rating
outlook was changed to positive from no outlook.

Ovintiv is a newly formed, Delaware incorporated, public entity
that was created concurrent with the reorganization of Encana
Corporation on January 24, 2020. Ovintiv will provide financial
statements, continue to pursue the same strategy as Encana
Corporation, and will maintain the existing portfolio of
hydrocarbon assets.

Assignments:

Issuer: Ovintiv Canada ULC

Gtd. Senior Unsecured Commercial Paper, Assigned NP

Issuer: Ovintiv Inc.

Probability of Default Rating, Assigned Ba1-PD

Speculative Grade Liquidity Rating, Assigned SGL-2

Corporate Family Rating, Assigned Ba1

Senior Unsecured Commercial Paper, Assigned NP

Affirmations:

Issuer: Alberta Energy Company Limited (assumed by Ovintiv Canada
ULC)

Senior Unsecured Regular Bond/Debenture, Affirmed Ba1 (LGD4)

Issuer: Ovintiv Exploration Inc.

Senior Unsecured Regular Bond/Debenture, Affirmed Ba1 (LGD4)

Issuer: Ovintiv Canada ULC

Senior Unsecured Regular Bond/Debenture, Affirmed Ba1 (LGD4)

Withdrawals:

Issuer: Ovintiv Canada ULC

Probability of Default Rating, Withdrawn , previously rated Ba1-PD

Speculative Grade Liquidity Rating, Withdrawn , previously rated
SGL-2

Corporate Family Rating, Withdrawn , previously rated Ba1

Senior Unsecured Commercial Paper, Withdrawn , previously rated NP

Outlook Actions:

Issuer: Ovintiv Exploration Inc.

Outlook, Changed To Positive From No Outlook

Issuer: Ovintiv Canada ULC

Outlook, Remains Positive

Issuer: Ovintiv Inc.

Outlook, Assigned Positive

RATINGS RATIONALE

Ovintiv's CFR benefits from (1) a sizeable production and proved
reserves base; (2) diversification across several North American
basins and across several products; (3) free cash flow generation
that will reduce debt, keeping retained cash flow to debt above 40%
in 2020; and (4) a solid leveraged full-cycle ratio remaining
around 2.5x due to low F&D costs which reflects Ovintiv's
operational excellence. Ovintiv's rating is challenged by (1)
execution risk surrounding cube development logistics and return
generation in the Anadarko; (2) high proportion of production (55%)
that is exposed to weak natural gas and NGL prices in North
America; and (3) a relatively short proved developed reserve life
(5.5 years) compared to similarly sized E&P peers.

Environmental risks that Moody's considers in Ovintiv's credit
profile include its presence in western Canada which exposes it to
carbon reduction policies, natural gas flaring limitations in the
North Dakota Bakken, as well as typical industry risks such as
increased regulations, liquid spills and a transition to low-carbon
energy. Governance considerations include Ovintiv's good track
record for earnings accuracy and guidance, reflecting strong
management credibility and experience.

The senior unsecured notes are rated Ba1, at the CFR, as all the
debt in the capital structure is unsecured. Ovintiv Inc. fully and
unconditionally guaranteed the debt issued by Ovintiv Exploration
Inc. and Ovintiv Exploration Inc. fully and unconditionally
guaranteed the debt assumed by Ovintiv Inc. Ovintiv Canada ULC also
provides guarantees to Ovintiv Inc. and Ovintiv Exploration Inc..

Ovintiv has good liquidity (SGL-2). At September 30, 2019 Ovintiv
had $138 million of cash and $3.3 billion available under its $4
billion revolving credit facilities maturing in 2022, after $740
million of commercial paper outstandings. Moody's expects $300
million in free cash flow through 2020. Moody's expects Ovintiv to
be in full compliance with its sole financial covenant requiring
debt to capitalization to be under 60%. Ovintiv has assets that it
could sell to enhance liquidity.

The positive outlook reflects its expectation that the company will
continue to improve leverage and successfully integrate the
Newfield assets.

The ratings could be upgraded if Ovintiv successfully integrates
Newfield while maintaining retained cash flow to debt above 40%
(36% LTM Sep-19); LFCR remains above 1.5x (3.1x LTM Sep-19); and PD
reserve life exceeds 5 years (pro forma 5.4 years Dec-18).

The ratings could be downgraded if RCF to debt falls below 20% (36%
LTM Sep-19), while LFCR falls below 1.0x (3.1x LTM Sep-19).

Denver Colorado-based Ovintiv Inc. is one of the largest North
American independent exploration and production companies, with Q3
2019 production of 605,000 barrels of oil equivalent per day.

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


PAUL LOGSDON: Unsec. Creditors to Recover 25% in Plan
-----------------------------------------------------
Paul Logsdon, Inc. and Paul A. Logsdon filed a Combined Disclosure
Statement and Plan of Reorganization.

The Plan proposes to pay holders of allowed claims against Paul
Logsdon, Inc. ("Inc.") and Paul A. Logsdon ("Logsdon") from
proceeds of Debtors' farming operations.  The Plan provides for
continuation of Debtors' farming operations and for cash
distributions to holders of allowed claims, including
Administrative Expense Claims Secured Claims, Other Priority Claims
and General Unsecured Claims against Debtors' Estates.

The Plan will first pay (1) all Allowed Secured Claims secured by
collateral retained, (2) all outstanding tax liabilities of the
Liquidating Debtor; (3) all unpaid administrative claims; (4) all
unpaid Section 507(a)(8) claims.  The remaining funds available for
the Plan will be distributed pro rata to holders of allowed
unsecured claims until they are paid as provided in the Plan.

As to Class 16 General Unsecured Claims, on the Effective Date, and
a date each year thereafter for 4 additional years, or as soon
thereafter as is reasonably practicable, each holder of an Allowed
General Unsecured Claim will receive, in full and final
satisfaction of such holder's Claim, such holder's pro rata share
of distributions from the Debtor in the amount of $30,000 per year.
The Debtors estimate that Allowed Unsecured Claims will be
approximately $600,000 for both Debtors.  Funds available to pay
these claims will be $150,000.00 for a total payout of
approximately 25%.

The Court will conduct the continued hearing on confirmation of the
Plan and final approval of the adequacy of the information in the
Plan on Feb. 27, 2020 at 10:00a.m. in the Hannibal US Courthouse,
Federal Building, 801 Broadway, Hannibal, MO 63401.

A full-text copy of the Joint Combined Disclosure Statement dated
January 15, 2020, is available at https://tinyurl.com/ufnth2q from
PacerMonitor.com at no charge.

Attorney for the Debtors:

     David M. Dare
     HERREN, DARE & STREETT
     439 S. Kirkwood, MO, Suite 204
     St. Louis, Missouri 63122
     Tel: (314) 965-3373
     Fax: (314) 965-2225
     E-mail: ddare@hdsstl.com

                     About Paul Logsdon

Paul Logsdon Inc. is a Missouri Corporation which conducts crop
farming operations on land owned by Mr. Paul A. Logsdon and land
leased by Paul Logsdon Inc.  Its principal place of business is Mr.
Logsdon's residence at 18916 State Highway P, Canton, MO 63435.
Inc. was incorporated on February 3, 2003.  Paul Logson Inc. farms
over 1,000 acres of land owned by Logsdon in Lewis and Clark
Counties in Northeastern Missouri.  Paul A. Logsdon is the sole
shareholder

Paul Logsdon, Inc., based in Canton, MO, filed a Chapter 11
petition (Bankr. E.D. Mo. Case No. 19-20081) on April 9, 2019.  In
the petition signed by Paul Logsdon, president, the Debtor
estimated $695,400 in assets and $8,934,390 in liabilities.  David
M. Dare, Esq., at Herren Dare & Street, serves as bankruptcy
counsel to the Debtor.


PINE CREEK MEDICAL: Feb. 20 Plan Confirmation Hearing Set
---------------------------------------------------------
On Nov. 19, 2019, the Court conducted a hearing on approval of Pine
Creek Medical Center, LLC's First Amended Disclosure Statement
Regarding Its Chapter 11 Plan of   Liquidation dated Sept. 20,
2019, and any objections thereto.    

On Jan. 15, 2020, the Court entered an order approving the
Disclosure Statement as containing adequate information under 11
U.S.C. Sec. 1125.

Feb. 14, 2020, at 5:00 p.m. (CT), is fixed as the last day for
submitting ballots for acceptances or rejections of the Plan.

Feb. 14, 2020, at 5:00 p.m. (CT), is also fixed as the last day for
filing and serving written objections to confirmation of the Plan.

Feb. 19, 2019, at 4:00 p.m. (CT), counsel for the Debtor will file
with the Court (a) a ballot summary in the form required by Local
Bankruptcy Rule 3018(b) with a copy of the ballots and (b) a
memorandum of legal authorities addressing any objections filed to
the Plan.

Feb. 20, 2020, at 10:00 a.m. (CT), before the Honorable Harlin
DeWayne Hale, United States Bankruptcy Judge for the Northern
District of Texas, Dallas, Earle Cabell Federal Building, 1100
Commerce Street, 14th Floor, Courtroom #3, Dallas, Texas 75242, is
fixed as the time and place of the hearing on confirmation of the
Plan and any objections thereto.

The Debtor's counsel:

     Lynn Hamilton Butler
     HUSCH BLACKWELL LLP
     111 Congress Avenue, Suite 1400
     Austin, Texas 78701
     Tel: (512) 472-5456
     Fax: (512) 479-1101
     E-mail: Lynn.butler@huschblackwell.com

                 About Pine Creek Medical Center

Pine Creek Medical Center, LLC, owns and operates a general medical
and surgical hospital.

Pine Creek Medical Center filed a Chapter 11 bankruptcy
petition(Bankr. N.D. Tex. Case No. 19-33079) in Dallas, Texas, on
Sept. 13, 2019.  In the petition signed by CRO Mark D. Shapiro, the
Debtor was estimated to have assets at $1 million to $10 million
and liabilities at $10 million to $50 million.  Judge Harlin
DeWayne Hale oversees the case.  HUSCH BLACKWELL, LLP, is the
Debtor's counsel.


POLA SUPERMARKET: Seeks Approval on Cash Collateral Stipulation
---------------------------------------------------------------
Pola Supermarket Corp. and its affiliates seek approval from the
U.S. Bankruptcy Court for the Southern District of New York of the
cash collateral stipulation with their Secured Creditors: Krasdale
Foods, Inc. and its lending arm, Alpha I Marketing Corp., Alma Bank
and First Central Savings Bank.

Among other things, the Stipulation provides that:

     (A) The Debtors will utilize the cash collateral solely (i) to
pay the expenses of the operation of their respective businesses,
including wages, rent, taxes, insurance, grocery purchases and
utilities, (ii) to maintain operations and purchase grocery
inventory; and (iii) pay the expenses of their Chapter 11 cases,
including quarterly fees owed to the Office of the U.S. Trustee and
all Bankruptcy Court fees.

     (B) The Debtor will account for all their respective
expenditures in monthly reports, which the Debtor will file with
the Bankruptcy Court and the U.S. Trustee's Office.

     (C) The Secured Creditors are each granted valid and perfected
replacement security interests in and lien on the Debtors'
respective operating assets to the same extent and priority which
existed pre-petition, together with the proceeds of all of the
foregoing, whether now existing or hereafter acquired, the same
extent and in the same priority as the Secured Creditors each held
prior to the Petition Date.
     
     (D) The Secured Creditors are each granted allowed
superpriority administrative expense claims in these Chapter 11
cases and any successor cases in the amount of the Adequate
Protection Obligations.

     (E) The Debtors will make the following payments to the
Secured Creditors for each calendar month:

           -- Pola will pay Krasdale the sum of $4,345 per week,
including amortization, plus payment of post-petiton delivery of
groceries as invoiced;

           -- C&N will pay Krasdale  the sum of $1,087 per week,
including amortization, plus payment of post-petiton delivery of
groceries as invoiced;

           -- C&N will pay Alma the sum of $11,974 per month on the
Term Note and monthly interest only payments on the LOC; and

           -- Melin to First Central the sum of $7,084 per month.

A copy of the Motion is available at PacerMonitor.com at
https://is.gd/cvBkv6 at no charge.

                  About Pola Supermarket Corp.

Pola Supermarket Corp. and its subsidiaries own and operate
supermarkets.  

Pola Supermarket, C&N New York Food Corporation and Melin Food
Corporation filed Chapter 11 petitions (Bankr. S.D.N.Y. Lead Case
No. 19-12971) on Sept. 14, 2019. The petitions were signed by
Candido H. DeLeon, president. The cases are assigned to Judge
Shelley C. Chapman.

At the time of the filing, Pola Supermarket was estimated to have
$1 million to $10 million in both assets and liabilities. C&N New
York disclosed $2,381,800 in total assets and $802,921 in
liabilities while Melin Food listed $600,000 in assets and $149,907
in liabilities.

The Debtors are represented by J. Ted Donovan, Esq., at Goldberg
Weprin Finkel Goldstein LLP.


PRINCETON AVENUE: To Seek Plan Confirmation Feb. 20
---------------------------------------------------
The Bankruptcy Court has ordered that the Disclosure Statement
filed by Princeton Avenue Group, Inc., is conditionally approved.

Feb. 13, 2020, is fixed as the last day for filing and serving
written objections to the Disclosure Statement and confirmation of
the Plan.

Feb. 13, 2020, is fixed as the last day for filing written
acceptances or rejections of the Plan.

A hearing will be held on Feb. 20, 2020, at 10:00 a.m., (a date
within 45 days of the filing of the Plan) for final approval of the
Disclosure Statement (if a written objection has been timely filed)
and for confirmation of the Plan before the Honorable Jerrold N.
Poslusny, Jr., United States Bankruptcy Court, District of New
Jersey, 400 Cooper Street Camden, NJ 08101, in Courtroom 4C.

                  About Princeton Avenue Group

Princeton Avenue Group, Inc., is the fee simple owner of a property
located at
1301 Kings Highway, Swedesboro having an appraised value of
$710,000.

Princeton Avenue Group sought Chapter 11 protection (Bankr. D.N.J.
Case No. 19-19841) on May 14, 2019.  The Debtor disclosed $722,600
in assets and $2,020,505 in liabilities as of the bankruptcy
filing.  The Hon. Jerrold N. Poslusny Jr. is the case judge.
MCDOWELL LAW, PC, led by Ellen M. McDowell, is the Debtor's
counsel.



PTC INC: Moody's Affirms 'Ba2' CFR, Outlook Negative
----------------------------------------------------
Moody's Investors Service affirmed PTC Inc.'s Ba2 Corporate Family
Rating and Ba2-PD Probability of Default Rating. Concurrently,
Moody's affirmed the Ba3 ratings on the company's existing $500
million senior unsecured notes and assigned Ba3 ratings to PTC's
newly issued senior unsecured notes ($750 million in aggregate).
The Speculative Grade Liquidity Rating was upgraded to SGL-1 from
SGL-2. The rating action follows PTC's announced plans to issue an
aggregate of $750 million senior unsecured notes with proceeds
earmarked principally for the near term repayment of the company's
existing senior unsecured notes due 2024 and the partial repayment
of outstanding revolver borrowings in an essentially leverage
neutral transaction. The outlook remains negative.

Moody's affirmed the following ratings:

Corporate Family Rating -- Ba2

Probability of Default Rating -- Ba2-PD

Senior Unsecured Notes -- Ba3 (LGD5)

Moody's assigned the following ratings:

Senior Unsecured Notes -- Ba3 (LGD5)

Moody's upgraded the following ratings:

Speculative Grade Liquidity Rating-upgraded to SGL-1 from SGL-2.

Outlook Action:

Outlook is Negative

RATINGS RATIONALE

PTC's CFR is supported by the company's strong market position and
an established customer base in the application software industry
principally providing computer aided design and product lifecycle
management products. Additionally, the healthy business visibility
provided by PTC's largely recurring revenue model, coupled with
modest capital expenditures, allow the company to generate healthy
free cash flow. The company's credit quality is constrained by a
leveraged capital structure with pro forma LTM debt/EBITDA of
approximately 6.5x (Moody's adjusted, pro forma for Onshape
acquisition, approximately 5.5x after adjustments for changes in
deferred revenue) as of December 31, 2019. PTC's exposure to
economic cyclicality, particularly within the company's core
industrial, aerospace, and automotive end markets which represent
over 60% of total sales, also adds an element of risk to the
company's operating prospects. Moreover, the potential for
incremental acquisitions and share repurchase activity present
concerns with respect to PTC's financial strategy.

PTC's SGL-1 rating reflects the company's very good liquidity that
is supported by approximately $295 million of cash and short term
investments as of December 31, 2019 as well as projected pro forma
revolver availability of nearly $500 million. The company's
liquidity is further supported by Moody's projection of FCF in
excess of $200 million in FY20. PTC's revolving credit facility is
currently subject to maintenance covenants, including a 4.5x
maximum total leverage ratio, a 3.0x maximum senior secured
leverage ratio, and 3.0x minimum interest coverage ratio. Moody's
believes that the company will be comfortably in compliance with
these covenants over the next 12-18 months.

The negative outlook reflects Moody's expectation that debt
leverage will decline moderately from current elevated levels over
the next 12-18 months. However, the outlook also incorporates
Moody's forecast of strong normalized revenue and cash flow growth
during this period, coupled with the expectation that PTC will
repay a meaningful portion of the debt associated with the recently
completed Onshape acquisition by the first half FY22. The outlook
may be revised to stable if PTC demonstrates strong operating
performance and substantial debt repayment is realized over the
coming year.

The ratings could be upgraded if PTC expands revenues and EBITDA
over the intermediate term such that the company realizes
meaningfully greater scale with free cash flow to debt sustained
above 20%.

The ratings could be downgraded if PTC does not repay a meaningful
portion of the borrowings from the Onshape financing over the next
year or if weakening operating performance results in debt leverage
sustained at elevated levels or FCF /debt falling below 15%.

The principal methodology used in these ratings was Software
Industry published in August 2018.


PURPLE SHOVEL: Debtor Wants Corrections to Trustee's Plan Outline
-----------------------------------------------------------------
Debtor Purple Shovel, LLC, submitted a limited objection to
Disclosure Statement for Trustee's Plan of Liquidation. The purpose
of the Limited Objection is to correct certain factual inaccuracies
contained within the Disclosure Statement for the Trustee's Plan of
Liquidation.

The Debtor points out that:

  * The Disclosure Statement contains several factual inaccuracies
that have been made part of the public record, which has caused a
number of problems for Benjamin Worrell, Christopher Worrell and
their respective spouses in other legal matters that remain
ongoing.

  * At the time of filing, the Debtor was owned solely by Benjamin
"BJ" Worrell. Christopher Worrell, the owner's brother, has never
had an ownership interest in the Debtor. Christopher Worrell's
relationship to the Debtor was that of an employee. Heather Worrell
and Wendy Worrell have never acted as owner or as an officer or
director. Heather Worrell and Wendy Worrell did receive occasional
compensation for performing administrative tasks for the Debtor.

  * Currently pending, in the Circuit Court of the Thirteenth
Judicial Circuit, Hillsborough County, Florida, is a claim for
wrongful death and personal injury. Case No.: 16- CA-009933. Among
the defendants is the Debtor. The Debtor asserts that the claims in
the Hillsborough County case are not valid and that neither the
Debtor nor Benjamin Worrell, individually, have any liability in
that case.

  * Para Dynamics Enterprises, LLC is actually a former 47% equity
holder of the Debtor. In the lawsuit that arose of out of the
equity redemption transaction, the Debtor paid PDE $1.2 million and
transferred assets in the form of Matt Lamb artwork. Additionally,
PDE was assigned the judgment against Homeland Munitions, LLC.

The Debtor respectfully requests that the Court enter an order
requiring the Trustee to make the corrections and amendments to the
Disclosure Statement for Trustee's Plan of Liquidation.

A full-text copy of Benjamin Worrell's objection dated January 9,
2020, is available at https://tinyurl.com/wrcs8bo from
PacerMonitor.com at no charge.

The Debtor is represented by:

     Jake C. Blanchard, Esq.
     Blanchard Law, PA
     1501 Belcher Rd. S., Unit 6B
     Largo, FL 33771
     Tel: 727-531-7068
     Fax: 727-535-2086
     E-mail: service@jakeblanchardlaw.com
             jake@jakeblanchardlaw.com

                       About Purple Shovel

Based in Tampa, Florida, Purple Shovel,
LLC--http://www.purpleshovel.com/-- is a certified Service
Disabled Veteran-Owned Small Business (SDVOSB) founded in 2010 to
provide value-added solutions to an array of domestic and
international challenges. Purple Shovel affords its clients a
single point of contact to transport materials and aid anywhere in
the world, including remote regions inaccessible to others.

Purple Shovel filed a Chapter 11 petition (Bankr. M.D. Fla. Case
No. 18-04599) on June 1, 2018. In the petition signed by Benjamin
Worrell, manager, the Debtor disclosed $1.01 million in assets and
$12.35 million in liabilities.  

Judge Caryl E. Delano is the case judge. The Law Offices of Norman
and Bullington serves as counsel to the Debtor.

On Aug. 8, 2018, the Office of the U.S. Trustee appointed Gerard A.
McHale Jr. as Chapter 11 trustee for the Debtor. The Trustee tapped
Johnson Pope Bokor Ruppel & Burns, LLP as his legal counsel, and
McHale PA as his accountant.


QUEST UNIVERSITY: Restructuring Under CCAA; PwC Named Monitor
-------------------------------------------------------------
Quest University Canada filed for creditor protection pursuant to
Section 3(1) of the Companies' Creditors Arrangement Act, and
PricewaterhouseCoopers Inc. LIT was appointed Monitor.  As a result
of the CCAA filing, all creditors are stayed from commencing any
proceedings against Quest.

The Court granted Quest's request for an extension of the stay of
proceedings to May 29, 2020.  Additionally, the Court granted
Quest's request and approved an interim lending facility to Quest
from RCM Capital Management Ltd.

Quest and Vanchorverve Foundation reached a consent agreement which
resulted in an Order directing Vanchorverve to restrain from
communicating directly or indirectly with the current students, and
the current faculty of Quest until the termination of the CCAA
proceedings, or until further order of the Court.

Vanchorverve Foundation seeks to remove and replace certain board
members from Quest.  Additionally, Vanchorverve seeks to have Quest
obtain their interim financing from Burley Capital Inc., instead of
RCM Capital Management Ltd.  Vanchorverve, if not successful in its
application, also seeks to have the Court direct to have a sales
and investment solicitation process order granted.

Additional information regarding the CCAA proceedings will be
available on the Monitor's website at
https://www.pwc.com/ca/questu

Monitor can be reached at:

   PricewaterhouseCoopers Inc.
   Monitor of Quest University Canada
   250 Howe Street, Suite 1400
   Vancouver, British Columbia V6C 3S7
   Tel.: (604) 806-7000
   Fax: (604) 806-7806
   Attn: Michael Vermette
         Neil Bunker
         Patricia Marshall
         Kevin Truong
   E-mail: michael.j.vermette@pwc.com
           neil.p.bunker@pwc.com
           patricia.marshall@pwc.com
           kevin.t.truong@pwc.com

Counsel for Quest University Canada:

   Dentons Canada LLP
   Barristers & Solicitors
   20th Floor - 250 Howe Street
   Vancouver, BC V6C 3R8
   Tel: (604) 687-4460
   Fax : (604) 683-5214
   Attn: John Sandrelli
         Valerie Cross
         Jordan Schultz
         Miriam Domínguez
   Email: john.sandrelli@dentons.com
          valerie.cross@dentons.com
          jordan.schultz@dentons.com
          miriam.dominguez@dentons.com

Counsel for the Monitor:

   McMillan LLP
   Royal Centre, Suite 1500
   1055 West Georgia Street, PO Box 11117
   Vancouver, BC V6E 4N7
   Tel.: (604) 689-9111
   Fax: (604) 685-7084
   Attn: Vicki Tickle
         Julie Hutchinson   
   Email: vicki.tickle@mcmillan.ca
          Julie.Hutchinson@mcmillan.ca

Counsel for Vanchorverve Foundation:

   Murphy & Company LLP
   203 - 815 Hornby Street
   Vancouver, BC V6Z 2E6
   Tel: (604) 639-3643
   Fax: (604) 648-9308
   Attn: Max Wolinsky
   Email: MWolinsky@murphyandcompany.com

   McCarthy Tetrault
   421 7th Avenue SW, Suite 4000
   Calgary Alberta T2P 4K9
   Attn: Walker W. MacLeod
         Andrea Gray
   Tel: (403) 260-3710
   Email: wmacleod@mccarthy.ca
          agray@mccarthy.ca

Quest University Canada -- https://questu.ca/ -- is Canada's first
independent, not-for-profit, secular university.


RADIO DESIGN: Interim Cash Collateral Use Until April 30 Okayed
---------------------------------------------------------------
Judge Thomas M. Renn of the Bankruptcy Court for the District of
Oregon authorized Radio Design Group, Inc. to use of cash
collateral until the earlier of (i) April 30, 2020, (ii) a default
and failure to cure by the Debtor, (iii) conversion to a case under
Chapter 7, (iv) dismissal, or (v) further order of the court.

JP Morgan Chase Bank, NA, Southern Oregon Regional Economic Dev.,
Internal Revenue Service and Oregon Department of Revenue will be
granted adequate protection as follows:

     (i) The Secured Creditors are granted a valid, enforceable,
fully perfected, and unavoidable replacement lien on all of
Debtor's assets or interests in assets acquired on or after the
Petition Date of the same types and categories that the Secured
Creditors had a lien on or security interest in as of the Petition
Date. The Replacements Lien will have the same scope, validity,
perfection, relative priority and enforceability as to the Secured
Creditors' pre-Petition Date security interests in the collateral.


     (ii) Adequate protection payments as outlined in Budget.

     (iii) The Debtor will keep the collateral fully insured and
free and clear from other liens or encumbrances. Secured Creditors
may, in their sole discretion, file such financing statements,
notices of liens or similar instruments in order to perfect said
security interest and are relieved from the automatic stay in order
to do so.

A continued final hearing on the Cash Collateral Motion will be
held on April 30, 2020 at 10:00 a.m.

A copy of the Second Interim Order is available at PacerMonitor.com
at https://is.gd/uL1Rip at no charge.

                     About Radio Design Group

Radio Design Group, Inc., is a design and engineering firm based in
Grants Pass, Oregon.  Since itsincorporation in 1992, Radio Design
has grown from a small RF consulting company specializing in small
commercial markets to a vital contributor of unique and innovative
products that have advanced the state of technology in both the
commercial and defense related markets. Radio Design previously
sought bankruptcy protection on July 24, 2014 (Bankr. D. Oregon
Case No. 14-62732).

Radio Design sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Ore. Case No. 19-63617) on Dec. 2, 2019.  In the
petition signed by James Hendershot, president, the Debtor was
estimated to have $1 million to $10 million in assets and
liabilities of the same range.  Judge Thomas M. Renn is assigned to
the case.  The Debtor is represented by Loren S. Scott, Esq. at The
Scott Law Group.

The Office of the U.S. Trustee on Jan. 14, 2020, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in the Chapter 11 case of Radio Design Group, Inc.



RELIABLE GALVANIZING: Administrative Claimants May Not Get 100%
---------------------------------------------------------------
Reliable Galvanizing Company has proposed a Chapter 11 Liquidating
Plan.

Payments to all creditors will be funded from the liquidation of
substantially all of the Debtor's assets which is now completed.

The Debtor sold its personal property pursuant to court order to
PPL Acquisition II, LLC, for $35,000.  

The Debtor retained Millennium Properties R/E, Inc. to market and
sell its real property.  The real property was sold for an adjusted
purchase price of $200,000, which was reduced from the original
approved contract purchase price of $275,000 because of escalating
costs related to the Debtor's contractual obligation to remove
hazardous materials from the tanks and pots.

In addition to ordinary closing costs, commissions and fees
($20,468.30), the purchase money went to pay delinquent and current
property taxes ($50,350.29), PPL's reduced sale price for the
cranes ($56,100), environmental clean-up costs ($38,650.29).  The
cash from the purchaser was further reduced by a $31,009.78
prorated property tax credit.  In the end, the Estate netted only
$5,868.31.  

At present, the Debtor only has total asset of $42,834.13 against
total liabilities of $5,038,211.54, comprised primarily of $186,672
in administrative claims and $4,837,593 in general unsecured
claims.

All administrative claimants, with the exception thus far of the
City of Chicago, have agreed to reduce their administrative claims.
The principal risk to the Plan is that the Debtor may be unable to
obtain sufficient reduction in the administrative claim of the City
of Chicago to pay administrative claims in full, and therefore to
permit any dividend to prepetition creditors.

Other than administrative claims, which will be paid in full or on
a pro rata basis in the event that proceeds are insufficient to pay
all of the allowed administrative claims, either in the ordinary
course of business or upon approval by the Bankruptcy Court, all
other classes of claims are affected by provisions of the Plan.

The Plan identifies two classes:

  * Class 1 - All Unsecured Claims allowed under Sec. 502 of the
Code. IMPAIRED.  These Claims total $4,837,593.30.  If funds are
available, these claimants will receive distributions pro rata
according to their allowed Claims from the proceeds of the
liquidation of substantially all of the Debtor's assets net of
Administrative, Priority, and Secured Claims, payable in a lump sum
within 60 days following the receipt by the Debtor of the final
proceeds from the sale of its assets or within 30 days of the
Effective Date, whichever is later.

  * Class 2 - The equity interests of shareholders of the company.
IMPAIRED. Based on the proceeds from the liquidation being
insufficient to pay all other creditors in full, the holders of
Equity Interests shall receive no distribution.

A full-text copy of the Disclosure Statement dated Jan. 17, 2020,
is available at https://tinyurl.com/rqtmuv9 from PacerMonitor.com
at no charge.

Counsel for the Debtor:

     Jonathan D. Golding
     Richard N. Golding
     The Golding Law Offices, P.C.
     500 N. Dearborn St., 2nd Floor
     Chicago, Illinois 60654
     Tel: (312) 832-7885
     Fax: (312) 755-5720
     E-mail: jgolding@goldinglaw.net
             rgolding@goldinglaw.net

                About Reliable Galvanizing Co.

Reliable Galvanizing Company operates as an iron and steel metal
fabrication company.  Serving the Midwest for over 35 years,
Reliable Galvanizing offers a process of corrosion protection
consisting of dipping steel into a bath of molten zinc producing a
progressive zinc and iron alloy layer on the surface.

Reliable Galvanizing sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 18-29503) on Oct. 19,
2018.  In the petition signed by Michael Eisner, president, the
Debtor disclosed $914,187 in assets and $1,022,052 in liabilities.
The case has been assigned to Judge LaShonda A. Hunt.  The Debtor
tapped The Golding Law Offices, P.C. as its legal counsel.


RITE AID: S&P Rates New $600MM Senior Secured Notes 'CCC-'
----------------------------------------------------------
S&P Global Ratings assigned its 'CCC-' issue-level rating and '6'
recovery rating to U.S.-based drugstore retailer Rite Aid Corp.'s
proposed $600 million senior secured notes due 2025. The '6'
recovery rating indicates S&P's expectation that lenders would
receive negligible recovery (0%-10%; rounded estimate: 0%) in the
event of a payment default. The company plans to use the proceeds
from these notes to fund a tender offer for a similar amount of its
outstanding unsecured notes due 2023. The proposed notes will be
secured by a first-priority lien on the company's non-asset-based
lending (ABL) facility collateral and a second-priority lien on the
ABL collateral.

All of S&P's other ratings on Rite Aid, including its 'CCC+' issuer
credit rating, remain unchanged. S&P continues to view the
company's capital structure as unsustainable because of industry
headwinds and its modest cash flows relative to its outstanding
debt. The rating agency believes Rite Aid's sufficient liquidity
and lack of near-term debt maturities will provide it with at least
12 months to execute a turnaround plan. The company's CEO plans to
announce management's turnaround initiatives in the coming months.
S&P believes the company's business improvement efforts will take
several quarters to materialize, at which point the rating agency
will have a better sense of the potential for a sustainable
improvement in the company's operating performance and capital
structure.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- S&P is updating its recovery analysis on Rite Aid for the
announced transaction.

-- S&P's simulated default scenario assumes a default occurring
due to a decline in the company's EBITDA because of increased
competition from CVS Health, Walgreens, e-commerce players
(including Amazon), and other drugstore operators amid
greater-than-anticipated reimbursement rate pressure and other
factors.

-- S&P's simulated default scenario assumes that Rite Aid's
creditors would receive the greatest recovery if the company
emerged from bankruptcy as a going concern. S&P has accordingly
valued the company by applying a 5.5x multiple to the rating
agency's projected emergence-level EBITDA. This multiple reflects
Rite Aid's geographic presence and relatively sizeable store base.

Simulated default assumptions

-- Simulated year of default: 2021
-- EBITDA at emergence: $383 million
-- Implied enterprise value (EV) multiple: 5.5x
-- Estimated gross EV at emergence: $2.1 billion

Simplified waterfall

-- Net EV after 5% administrative costs: $2 billion
-- ABL-related claims: $1.6 billion
-- Recovery expectations: 90%-100% (rounded estimate: 95%)
-- First-in, last out (FILO) term loan claims: $467 million
-- Recovery expectations: 70%-90% (rounded estimate: 85%)
-- Proposed senior secured notes: $623 million
-- Recovery expectations: 0%-10% (rounded estimate: 0%)
-- Guaranteed unsecured debt: $1.2 billion
-- Recovery expectations: 0%-10% (rounded estimate: 0%)
-- Unguaranteed unsecured debt: $292 million
-- Recovery expectations: 0%-10% (rounded estimate: 0%)

Note: All debt amounts include six months of prepetition interest.


RIVERBEND FOODS: Unsecureds to Have Less Than 1% in Plan
--------------------------------------------------------
Riverbend Foods LLC and its official committee of unsecured
creditors have jointly proposed a liquidating chapter 11 plan for
the Debtor.

According to the Disclosure Statement, under the proposed chapter
11 plan, all of the Debtor's assets will be deposited into a
liquidation trust.  The Trust will be managed by a Liquidation
Trustee, which will distribute assets from the Trust, pursue
avoidance actions and other causes of action on behalf of the
Debtor and/or Trust, prosecute objections to claims against the
estate, and wind down and dissolve the Debtor under applicable
non-bankruptcy law. The Liquidation Trustee shall be the individual
selected by the Committee, Alfred T. Giuliano.

Various unclassified claims will be paid in full on the effective
date of the Plan.  These include any Allowed Administrative Claims,
Priority Tax Claims, and PACA Claims.

Priority Non-Tax Claims will be paid 100% of the unpaid amount of
such claims on the Effective Date or as soon as reasonably
practicable thereafter.  These claims are held by the United Food &
Commercial Workers International Union Local 1776 for unpaid
severance and other benefits due and owing to the Debtor's
unionized former workforce, and which are entitled to priority
pursuant to Sections 507(a)(4) and (a)(5) of the Bankruptcy Code.

PNC's secured claim is in the amount of $250,000, which represents
the unpaid portion of PNC's $500,000 Exit Fee.  The Committee
suggests that it intends to challenge the propriety of the Exit Fee
by the Jan. 31, 2020 challenge deadline established in the Final
Order (I) Authorizing the Debtor To Use Cash Collateral and (II)
Granting Adequate Protection To The Prepetition Secured Party [Case
No. 19-24114, Doc. No. 126] (the "Final Cash Collateral Order").
Under the Plan, the portion of the Exit Fee ultimately Allowed by
the Court, or as ultimately agreed between the Committee and PNC,
will be paid in full as soon as reasonably practicable following
such Allowance or such agreement.

Funds remaining after payment of the secured claims will be paid to
unsecured creditors of the bankruptcy estate on a pro rata basis.
The Liquidation Trustee may make additional distributions following
the Initial Distribution Date to the extent there are remaining
funds to be distributed, such as proceeds from successful claims
objections, avoidance actions, or other litigation pursued by the
Liquidation Trustee.  According to the Disclosure Statement,
holders of general unsecured non-tax claims in Class 9 are slated
to have a less than 1 percent dividend under the Plan.

With respect to the Debtor's Pension Plan, Northeast Properties
LLC, a non-Debtor affiliate of the Debtor which is a member of the
controlled group liable under the Pension Plan, will become the
sponsor of the Pension Plan on or prior to the Effective Date.  Any
Allowed Pension Claims asserted by the PBGC against the Debtor's
bankruptcy estate shall be treated as Unsecured Claims in Class 3.


Holders of Equity Interests in Riverbend will not recover anything
under the chapter 11 plan and their Equity Interests will be deemed
cancelled on the Effective Date.

The Plan will be funded with proceeds of the Debtor's machinery and
equipment auction and from any other funds in the Debtor's
possession that are not reserved for pension beneficiaries or
otherwise held in trust for the benefit of third parties.

A full-text copy of the Disclosure Statement dated Jan. 15, 2020,
is available at https://tinyurl.com/yx62xorz from PacerMonitor.com
at no charge.

Counsel for the Debtor:

     John R. Gotaskie, Jr.
     Michael G. Menkowitz
     FOX ROTHSCHILD LLP
     BNY Mellon Center
     500 Grant Street, Suite 2500
     Pittsburgh, PA 15219
     Tel: 412-391-1334
     Fax: 412-391-6984
     E-mail: jgotaskie@foxrothschild.com
             mmenkowitz@foxrothschild.com

         - and -

     Mark E. Freedlander
     Frank J. Guadagnino
     George W. Fitting
     McGUIREWOODS LLP
     Tower Two-Sixty 260 Forbes Avenue, Suite 1800
     Pittsburgh, PA 15222
     Tel: 412-667-6000
     Fax: 412-667-6050
     E-mail: mfreedlander@mcguirewoods.com
             fguadagnino@mcguirewoods.com
             gfitting@mcguirewoods.com 38

                  About Riverbend Foods LLC

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

Riverbend Foods sought Chapter 11 protection (Bankr. W.D. Pa. Case
No. 19-24114) on Oct. 22, 2019.  In the petition signed by CRO
Dalton Edgecomb, the Debtor was estimated to have assets and
liabilities in the range of $10 million to $50 million.  Judge
Gregory L. Taddonio is assigned to the case. The Debtor tapped
Frank J. Guadagnino, Esq., at McGuirewoods LLP as counsel, and
Winter Harbor, LLC as restructuring advisor.

The Office of the U.S. Trustee appointed creditors to serve on the
official committee of unsecured creditors on Oct. 31, 2019.  The
Committee retained Fox Rothschild LLP as legal counsel, and
Giuliano Miller & Company, LLC, as accountant and financial
advisor.


ROMANS HOUSE: Court Directs U.S. Trustee to Appoint PCO
-------------------------------------------------------
The United States Bankruptcy Court for the Northern District of
Texas, Fort Worth Division, held that Romans House, LLC, and its
debtor-affiliates are healthcare businesses as defined by 11 U.S.C.
Section 101(27A) and that the Debtors have not rebutted the
presumption in favor of the appointment of a bankruptcy patient
care ombudsman. The Court therefore, directed the United States
Trustee to appoint a PCO under 11 U.S.C. Section 333.

The Court held that the PCO will:

     1. Monitor the quality of care provided to patients/clients of
the Debtors to the extent necessary under the circumstances,
including interviewing patients, physicians, and health care
providers;

     2. Report not later than 60 days after the date of his/her
appointment, and not less frequently than at 60 day intervals
thereafter, to the Court after notice to the parties in interest,
at a hearing or in writing, regarding the quality of patient/client
care at and by the Debtors;

     3. Immediately notify the Court, United States Trustee, and
parties in interest by motion or written report, if he/she
determines that the quality of patient/client care provided by the
Debtors is not adequate, deteriorating, or is otherwise materially
compromised;

     4. Maintain any information obtained by such ombudsman under
11 U.S.C. Section 333 that relates to the clients including
information related to the patient records as confidential
information. To this end: a) the patient care ombudsman may,
without special notice to patients and in lieu of personal service,
notify patients of his/her appointment as patient care ombudsman by
a conspicuous posting of a notice at the Debtors' patient care
facilities; and b) the patient care ombudsman may, without special
notice to patients and in lieu of personal service, post notice at
the Debtors' patient care facilities that a report will be made to
the court at least 14 days before making such report under 11
U.S.C. Section 333(b)(2), unless such report is being made pursuant
to 11 U.S.C. Section 333(b)(3);

     5. Without special notice to patients, protect the
confidentiality of such records as required under non-bankruptcy
law and regulations, including but not limited to the Health
Insurance Portability and Accountability Act of 1996. Further, that
upon a sale closing after entry of an order approving the sale of
any of the facilities involved in this cases, the ombudsman's
appointment is terminated with regard to the facility that is sold.
At that time, the United States Trustee will provide an Order
reflecting that the ombudsman is excused and discharged from
his/her duties at that particular facility.

The Court further held that upon (1) dismissal of the bankruptcy
case and/or (2) any confirmed Plan of Reorganization going
effective, that the patient care ombudsman's duties will
automatically conclude without further Court Order and the patient
care ombudsman shall be excused and discharged from his/her duties,
which shall be noticed to parties by the Debtor.

The Court also ruled that Debtors' Motion to Waive Appointment of a
PCO is denied.   

A full-text copy of the Court's Order is available at
https://tinyurl.com/rxqgrzs from PacerMonitor.com at no charge.  

                        About Romans House

Romans House, LLC, operates Tandy Village Assisted Living, a
continuing care retirement community and assisted living facility
for the elderly in Fort Worth, Texas.  Affiliate Healthcore System
Management, LLC, operates Vincent Victoria Village Assisted Living,
also an assisted living facility for the elderly.

Romans House, LLC, and Healthcore System sought Chapter 11
protection (Bankr. N.D. Tex. Case Nos. 19-45023 and 19-45024) on
Dec. 9, 2019.  Romans House estimated $1 million to $10 million in
both assets and liabilities.  Healthcore estimated $1 million to
$10 million in assets, and $10 million to $50 million in
liabilities. The Hon. Edward L. Morris is the case judge.  DeMarco
Mitchell, PLLC, is the Debtors' counsel.



RUI HOLDING: Court Approves Disclosure Statement
------------------------------------------------
Judge John T. Dorsey has ordered that the Disclosure Statement in
support of the Chapter 11 Plan filed by Rui Holding Corp., et al.,
is APPROVED

Except as otherwise noted on the record of the Hearing, all
objections to the Disclosure Statement are hereby OVERRULED.

The hearing to consider confirmation of the Plan will be held at
10:00 a.m. (prevailing Eastern Time) on Feb. 25, 2020.

Any objections to confirmation of the Plan must be filed and served
no later than 4:00 p.m. (prevailing Eastern Time) on Feb. 18,
2020.

Counsel for the Debtors are authorized to file replies or responses
to any such objections no later than 12:00 p.m. (prevailing Eastern
Time) on Feb. 21, 2020.

Each Ballot must be properly executed, completed, and delivered to
the Voting and Balloting Agent (i) by first-class mail, or in the
return envelope provided with each Ballot, (ii) by overnight
courier, or (iii) by hand delivery, so that they are received by
the Voting and Balloting Agent no later than 4:00 p.m. (prevailing
Eastern Time) on Feb. 18, 2020.

                       About RUI Holding

RUI Holding Corp. and its subsidiaries -- https://www.r-u-i.com/ --
operate 18 different restaurant brands in 35 locations throughout
six states.  Unique restaurant concepts run by the companies
include Portland City Grill, Palisade, Cutters Crabhouse, and
Skates on the Bay.  The companies' multi-unit brands include
Kincaid's, Palomino, Henry's Tavern, Portland Seafood Company and
Stanford's.

The companies have 1,885 part-time hourly employees, 168 full-time
restaurant salaried employees, and 50 salaried employees at their
corporate headquarters in Seattle.

RUI Holding and its subsidiaries sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11509) on
July 7, 2019.  At the time of the filing, the Debtors disclosed
assets of between $50 million and $100 million and liabilities of
the same range.

The Debtors tapped Klehr Harrison Harvey Branzburg LLP as
bankruptcy counsel; Configure Partners LLC as investment banker;
Carl Marks Advisory Group LLC as restructuring advisor; and Epiq
Corporate Restructuring, LLC, as claims and noticing agent.


RUI HOLDING: Unsecureds Projected to Recover 0% in Plan
-------------------------------------------------------
RUI Holding Corp., RU Corp., Restaurants Unlimited, Inc., and
Restaurants Unlimited Texas, Inc. filed a First Amended Joint Plan
of Liquidation and a corresponding Disclosure Statement.

As described in more detail in the Disclosure Statement, during the
course of the Debtors' bankruptcy cases, the Debtors sold
substantially all of their assets.  The net proceeds received by
the Debtors upon the sale of substantially all of their assets were
used to indefeasibly pay, in part, the DIP Claim and Prepetition
Senior Secured Claim.

The collection and liquidation of the Debtors' remaining assets and
the proceeds of Third Party Claims, if any, will be used to make
payments, to the extent of available cash, to holders of allowed
claims in the order of priority under Section 507 of the Bankruptcy
Code, including Allowed Administrative Claims (including
Professional Fee Claims), Allowed Priority Tax Claims and Allowed
Claims in Class 1, Class 2, Class 3, and Class 4.  To the extent of
any available cash and the proceeds of Third Party Claims after
payment of Allowed Administrative Claims (including Professional
Fee Claims), Allowed Priority Tax Claims and Allowed Claims in
Class 1, Class 2, and Class 3, the Plan Administrator will make pro
rata distributions to holders of General Unsecured Claims in Class
4 from such sums.

For purposes of voting, the Prepetition Senior Secured Claim shall
be considered an allowed claim with the value of $3,000,000 for
voting under Class 1 of this Plan and $9,000,000 for voting its
Deficiency Claim in Class 4   of the Plan.

Holders of Class 4 General Unsecured Claims, owed $21,198,526, are
impaired.  Unsecured creditors are projected to recover 0%.  The
holder of each Allowed Class 4 General Unsecured Claim will receive
its pro rata share of the Class 4 Distribution Amount.

"Class 4 Distribution Amount" means the aggregate net distribution
amount equal to the sum of any amounts remaining in the
Administrative Reserve, if any, on the Final Distribution Date
after payment of (a) all disbursements pursuant to Article II of
the Plan, (b) all fees and expenses incurred by the Plan
Administrator after the Effective Date, and (c) all distributions
pursuant to Sections 5.1, 5.2 and 5.3 of the Plan, to be paid to
holders of Allowed Class 4 General Unsecured Claims as set forth in
Section 5.4 of the Plan.

Holders of the Allowed Interests in Class 5 will have their
interests against the Debtors extinguished as of the Effective Date
and shall receive no distributions under this Plan.

A full-text copy of the Disclosure Statement dated Jan. 17, 2020,
is available at https://tinyurl.com/rvhlp4h from PacerMonitor.com
at no charge.

Counsel for the Debtors:

     Domenic E. Pacitti
     Michael W. Yurkewicz
     Sally E. Veghte
     919 Market Street, Suite 1000
     KLEHR HARRISON HARVEY BRANZBURG LLP
     Wilmington, DE 19801
     Telephone: (302) 426-1189
     Facsimile: (302) 426-9193
     E-mail: dpacitti@klehr.com
     E-mail: myurkewicz@klehr.com

                       About RUI Holding

RUI Holding Corp. and its subsidiaries -- https://www.r-u-i.com/ --
operate 18 different restaurant brands in 35 locations throughout
six states.  Unique restaurant concepts run by the companies
include Portland City Grill, Palisade, Cutters Crabhouse, and
Skates on the Bay.  The companies' multi-unit brands include
Kincaid's, Palomino, Henry's Tavern, Portland Seafood Company and
Stanford's.

The companies have 1,885 part-time hourly employees, 168 full-time
restaurant salaried employees, and 50 salaried employees at their
corporate headquarters in Seattle.

RUI Holding and its subsidiaries sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11509) on
July 7, 2019.  At the time of the filing, the Debtors disclosed
assets of between $50 million and $100 million and liabilities of
the same range.

The Debtors tapped Klehr Harrison Harvey Branzburg LLP as
bankruptcy counsel; Configure Partners LLC as investment banker;
Carl Marks Advisory Group LLC as restructuring advisor; and Epiq
Corporate Restructuring, LLC, as claims and noticing agent.


RUSTIC STEEL: To Seek Plan Approval on Feb. 24
----------------------------------------------
Judge Caryl E. Delano has ordered that the Disclosure Statement in
support of the Chapter 11 Plan filed by Rustic Steel Creations,
Inc., is conditionally approved.

Any written objections to the Disclosure Statement shall be filed
with the Court and served no later than seven days prior to the
date of the hearing on confirmation.

The Court will conduct a hearing on confirmation of the Plan,
including timely filed objections to confirmation, objections to
the Disclosure Statement, motions for cram-down, applications for
compensation, and motions for allowance of administrative claims on
Feb. 24, 2020 at 1:30 p.m. in Tampa, FL − Courtroom 9A, Sam M.
Gibbons United States Courthouse, 801 N. Florida Avenue.

Objections to confirmation shall be filed with the Court and served
no later than seven days before the date of the Confirmation
Hearing.

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

                About Rustic Steel Creations

Based in Tampa, Fla., Rustic Steel Creations, Inc. filed a
voluntary Chapter 11 petition (Bankr. M.D. Fla. Case No. 19-04467)
on May 10, 2019.  In the petition signed by Dominique Martinez,
president, the Debtor was estimated to have under $1 million in
both assets and liabilities.  David Jennis, P.A., is the Debtor's
counsel.


RWP HOMES: To Seek Plan & Disclosures Nod March 24
--------------------------------------------------
Judge Jeffrey P. Norman has ordered that the disclosure statement
explaining the Chapter 11 plan filed by RWP HOMES, LLC, is
conditionally approved.

March 24, 2020, at 11:00 a.m. in Courtroom 403, 515 Rusk Street,
Houston, Texas, is fixed for the hearing on final approval of the
Disclosure Statement (if a written objection has been timely filed)
and for the confirmation of the Plan.

March 17, 2020, is fixed as the last day for filing written
acceptances or rejections of the Plan.

March 17, 2020, is fixed as the last day for filing and serving
written objections to final approval of the Disclosure Statement
and confirmation of the Plan.

                     About RWP Homes LLC

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

RWP Homes, LLC filed a voluntary petition for relief on June 4,
2019, under Chapter 11 of Title 11, United States Bankruptcy Code
(Bankr. S.D. Tex. Case No. 19-33178). In the petition signed by
Kirk Paschal, president, the Debtor estimated $1 million to $10
million in both assets and liabilities.  The case is assigned to
Judge Jeffrey P. Norman.  Reese W. Baker, Esq. at Baker &
Associates LLP, is the Debtor's counsel.


S C BHAIRAB INC: Allowed to Use Cash Collateral Until Feb. 29
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
authorized S.C. Bhairab, Inc. to use cash collateral in the amounts
and for the expenses set forth on the interim budget for a period
from the Petition Date through and including the earliest to occur
of the following: (a) the payment in full of all of the Debtor's
obligations under the Loan Documents, (b) the occurrence of a
Termination Event, or (c) Feb. 29, 2020.

Regions Bank is granted perfected replacement liens and security
interests on the Debtor's post-petition properties of the kind and
nature that Regions Bank holds in the Debtor's prepetition
property, to the extent Regions Bank does not already have the
same, and in the same priority as Regions Bank held in the Debtor's
pre-petition property, to secure all of Regions Bank's allowed
claims, including post-petition interest and attorneys' fees. The
replacement liens granted to Regions Bank will at all times remain,
senior in rank and priority to any and all other liens on the
Replacement Collateral other than valid, perfected and enforceable
liens existing on the Petition Date, if any, which are superior to
the Liens on such property in favor of Regions Bank.

As further adequate protection, the Debtor will pay to Regions
Bank, on the first day of each month, adequate protection payments
each in the amount of $5,000.

A copy of the Order is available at PacerMonitor.com at
https://is.gd/0Fm53M at no charge.

                     About S C Bhairab Inc.

S C Bhairab, Inc. --
https://matlock-dry-clean-super-center.business.site -- is a
provider of drycleaning and laundry services.

Based in Arlington, Texas, S C Bhairab filed a voluntary petition
for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Tex. Case No. 19-45097) on Dec. 17, 2019. In the petition signed by
Ram Gamal, president, the Debtor  disclosed $1,403,335 in assets
and $1,158,605 in liabilities.  Robert M. Nicoud, Jr., Esq., at
Nicoud Law, is the Debtor's legal counsel.



S&D LONGHORN: New Dawn Objects to Disclosure Statement
------------------------------------------------------
Dawn Rochelle Shore and New Dawn Realty, LLC, respectively a
creditor and an equity interest holder of S&D Longhorn Partners,
LLC, filed an objection to the Disclosure Statement accompanying
the Chapter 11 Plan of S&D Longhorn Partners, LLC.

Shore and New Dawn filed their objection to the Disclosure
Statement because: (a) the Debtor failed to satisfy the notice and
service requirements set forth in Rules 2002 and 3017 of the
Federal Rules of Bankruptcy Procedure; and (b) the Disclosure
Statement fails to provide "adequate information" of certain
critical aspects of the Plan in accordance with 11 U.S.C. Sec.
1125(a)-(b).

Attorneys for Dawn Rochelle Shore and New Dawn Realty:

        James S. Robertson, III
        Jonathan L. Howell, PLLC
        GLAST, PHILLIPS & MURRAY, P.C.
        14801 Quorum Drive, Suite 500
        Dallas, Texas 75254
        Telephone: (972) 419-8300
        Facsimile: (972) 419-8329

                About S&D Longhorn Partners

S&D Longhorn Partners, LLC, a privately held company in Dallas,
Texas, filed a voluntary Chapter 11 petition (Bankr. N.D. Tex. Case
No. 19-34149) on Dec. 17, 2019.  In the petition signed by Jay
LaFrance, managing member, the Debtor disclosed $5,000,000 in
assets and $4,966,827 in liabilities.  Eric A. Liepins, Esq., at
Eric A. Liepins, P.C., is the Debtor's legal counsel.


SALSGIVER INC: Feb. 20 Hearing on 2nd Amended Disclosures
---------------------------------------------------------
Judge Thomas P. Agresti has ordered that on Feb. 20, 2020 at 10:00
a.m., the hearing to consider the approval of the Second Amended
Disclosure Statement filed by SALSGIVER, INC. will be held in
Courtroom "C", 54th Floor, U.S.

Feb. 13, 2020 is the last day for filing and serving Objections to
the Second Amended Disclosure Statement.

                     About Salsgiver Inc.

Based in Freeport, Pennsylvania, Salsgiver Inc. --
http://gotlit.com/-- and -- http://www.salsgiver.com/-- is a
wired telecommunications carrier offering internet, phone and video
services to residential and business clients.  The company also
provides telecom services.

Salsgiver and its affiliates Salsgiver Telecom, Inc. and Salsgiver
Communications, Inc., sought protection under Chapter 11 of the
ankruptcy Code (Bankr. W.D. Pa. Case Nos. 18-20803, 18-20805 and
18-20806) on March 2, 2018.

In their petitions signed by Loren M. Salsgiver, president, the
Debtors were estimated to have assets of less than $50,000.
Salsgiver was estimated to have $1 million to $10 million in
liabilities. Salsgiver Telecom was estimated to have less than
$500,000 in liabilities while Salsgiver Communications was
estimated to have less than $50,000 in liabilities.  

Judge Thomas P. Agresti oversees the cases.

The Debtors are represented by the Law Offices of Robert O. Lampl.


SANUWAVE HEALTH: Signs Joint Venture Agreement with Universus
-------------------------------------------------------------
SANUWAVE Health, Inc., entered into a joint venture agreement on
Dec. 13, 2019, with Universus Global Advisors LLC, a limited
liability company organized under the laws of the State of
Delaware, Versani Health Consulting Consultoria em Gestao de
Negocios EIRELI, an empresa individual de responsabilidade limitada
organized under the laws of Brazil, Curacus Limited, a private
limited company organized under the laws of England and Whales, and
certain individual citizens of Brazil and the Czech Republic.

The principal purpose of the joint venture company will be to
manufacture, import, use, sell, and distribute, on an exclusive
basis in Brazil, dermaPACE devices and wound kits consisting of a
standard ultrasound gel and custom size sterile sleeves used for
the treatment of various acute and chronic wounds using
extracorporeal shockwave therapy technology.  The joint venture
company will also provide treatments related to the dermaPACE
devices.

The IDIC Group has agreed to pay to the Company a partnership fee
in the total amount of $600,000 for the granting of exclusive
territorial rights to the joint venture company to distribute the
dermaPACE devices and wound kits in Brazil.  The partnership fee is
to be paid as follows: (i) a $250,000 payment was made by IDIC
Group to the Company on Nov. 14, 2019 which was initially provided
in the form of a loan that was forgiven and terminated on Dec. 13,
2019, (ii) an additional payment of $250,000 was made by the IDIC
Group to the Company on Dec. 31, 2019, and (iii) the remaining
$100,000 is to be paid by the IDIC Group upon receipt of required
regulatory approvals from ANVISA (the Brazilian Health Regulatory
Agency).  The parties intend to execute a shareholders' agreement,
a trademark license agreement, a supply agreement and a technology
license agreement Jan. 31, 2020.  The IDIC Group will also have the
right to receive prioritized dividends until full reimbursement of
the partnership fee and expenses incurred in the formation of the
joint venture company, which are required to be paid by the IDIC
Group.

ANVISA is part of the Brazilian Ministry of Health and the
Brazilian National Health System and is responsible for the
protection of the health of the Brazilian population by enforcing
sanitary control over the production, marketing and use of products
and services subject to health regulation in Brazil.

The Company will supply the dermaPACE devices and wound kits to the
joint venture company at cost and the joint venture company will
purchase the devices from the Company in accordance with the terms
of the Supply Agreement to be entered into upon formation of the
joint venture company.  The parties also agreed that the initial
five devices imported to Brazil by the IDIC Group on behalf of the
joint venture company will be provided by the Company on deferred
payment terms to be agreed, provided that the amounts invoiced for
such devices will be due by the time the joint venture company
reaches $1,000,000 in gross sales.

Upon formation of the joint venture company, the Company will own
45% of its equity interests, the IDIC Group, through a holding
company, will collectively own 45% of the equity interests of the
joint venture company and each of Versani and Universus will own 5%
of the joint venture company's equity interests.  The joint venture
company will be managed by a four-member board (two appointed by
the Company and two appointed by the IDIC Group), each with a term
of three years.  The joint venture company will have two officers,
a chief executive officer and a chief commercial officer.  The IDIC
Group will have the right to appoint the chairman of the board of
directors.

The Agreement may be terminated if the parties fail to meet certain
conditions precedent before Dec. 31, 2020 (unless extended by
mutual agreement) and upon default by either party which is not
cured within a certain cure period, among others.  In case AVISA
does not grant its approval, or such approval is granted with
restrictions that materially impact the joint venture company's
operation, the IDIC Group may terminate the Agreement and require
the Company to refund the partnership fee amount, plus the amounts
incurred by the IDIC Group for payment of other expenses related to
the formation of the joint venture company.

In the event of a change of control of the Company, the Company
will have the right to cause the other parties to the Agreement to
sell their ownership interests to the Company's new controlling
entity, at a price which varies, depending on whether the change of
control occurs prior to or after the joint venture company achieves
$2,000,000 in gross sales.  If the change of control occurs before
the joint venture company achieves $2,000,000 gross sales, the
price to be paid for the equity interests of the other joint
venture parties (on a pro rata basis) will be equivalent to four
times the total amount invested by such parties in the joint
venture company, including the partnership fee and organizational
expenses.  If the change of control occurs after the joint venture
company achieves $2,000,000 in gross sales, the price will be
equivalent to the multiple of twelve times the net sales of the
joint venture company in the previous twelve months before the
closing of the change of control transaction, also paid on a pro
rata basis.

In addition, in the event of a change of control of the Company
after the joint venture company achieves $2,000,000 in gross sales,
the other parties to the joint venture will also have the right to
put their equity interests to the new controlling entity of the
Company, for a price based on the same EBITDA multiple paid for the
acquisition of the Company.

                    About SANUWAVE Health, Inc.

SANUWAVE Health, Inc. (www.SANUWAVE.com) is a shockwave technology
company initially focused on the development and commercialization
of patented noninvasive, biological response activating devices for
the repair and regeneration of skin, musculoskeletal tissue and
vascular structures.  SANUWAVE's portfolio of regenerative medicine
products and product candidates activate biologic signaling and
angiogenic responses, producing new vascularization and
microcirculatory improvement, which helps restore the body's normal
healing processes and regeneration.  SANUWAVE applies its patented
PACE technology in wound healing, orthopedic/spine,
plastic/cosmetic and cardiac conditions.  Its lead product
candidate for the global wound care market, dermaPACE, is US FDA
cleared for the treatment of Diabetic Foot Ulcers.

SANUWAVE reported a net loss of $11.63 million for the year ended
Dec. 31, 2018, compared to a net loss of $5.54 million for the year
ended Dec. 31, 2017.  As of Sept. 30, 2019, the Company had $1.64
million in total assets, $14.96 million in total liabilities, and a
total stockholders' deficit of $13.32 million.

Marcum LLP, in New York, NY, the Company's auditor since 2018,
issued a "going concern" qualification in its report dated April 1,
2019, citing that the Company has a significant capital  working
capital deficiency, has incurred significant losses and needs to
raise additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt  about the
Company's ability to continue as a going concern.


SBL HOLDINGS: Fitch Assigns BB(EXP) Rating on New Preferred Stock
-----------------------------------------------------------------
Fitch Ratings assigned an expected rating of 'BB(EXP)' to SBL
Holdings, Inc.'s (Issuer Default Rating; BBB) proposed issuance of
non-cumulative perpetual preferred stock. Existing ratings assigned
to SBLH, its subsidiaries, and their respective obligations are
unaffected by the rating action.

KEY RATING DRIVERS

The expected rating assigned to the proposed issuance of preferred
stock reflects standard notching as per Fitch's insurance rating
criteria. The issue is notched two below SBLH's IDR based on 'Poor'
recovery expectations, with one additional notch for 'minimal'
non-performance risk. Fitch's approach for notching reflects the
regulatory environment of the U.S., which is assessed as being
Effective and classified as following a Ring Fencing approach.

Based on Fitch's insurance rating criteria, the new non-cumulative
perpetual preferred stock is expected to receive 100% equity credit
in evaluating financial leverage.

Net proceeds from this new issue are expected to be used to repay a
portion of the company's outstanding revolving loan balances. Fitch
anticipates that financial leverage will decline modestly as a
result of the transaction and that GAAP based fixed-charge coverage
will remain in line with Fitch's guidelines.

RATING SENSITIVITIES

Key rating sensitivities that could result in an upgrade:

A material decline in Fitch's view of asset risk (including the
decline in short-term loans as a percentage of invested assets),
while maintaining PRISM score well into the "Strong" category,
financial leverage below 20%, GAAP interest coverage greater than
10x and a GAAP ROE of 15% or greater.

Key rating sensitivities that could result in a downgrade:

Deterioration in the quality of the asset portfolio, a sustained
deterioration in capital resulting in a Prism score below the
"Strong" category, GAAP ROE below 10%, GAAP interest coverage of
less than 7x or financial leverage above 25%.

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.


SCHAEFER AMBULANCE: Howser Buying Costa Mesa Property for $811K
---------------------------------------------------------------
Schaefer Ambulance Service, Inc., asks the U.S. Bankruptcy Court
for the Central District of California to authorize the sale of the
real property commonly known as 175 Cabrillo Street, Costa Mesa,
California, APN 425-412-04, to Fred D. Howser for $811,000, free
and clear of all liens, claims, interests and encumbrances.

Standard Mortgage, Inc., doing business as Standard Realty, listed
the Property for sale with the Multiple Listing Service on June 15,
2019.  The listing price was $999,000.  In addition, the Broker
listed and broadcast the listing on other popular real estate
websites and search engines.  Finally, the Broker also emailed the
listing to approximately 1,900 internal clients from the past.   

The Debtor issued multiple counteroffers, and most of those
potential buyers only came up a little bit; the highest
counteroffer was $802,000.  It subsequently reduced the listing
price to $849,000, after which the broker received two new offers
on the property.  The Debtor again issued multiple counteroffers.
Only the Purchaser responded, with an accepted counteroffer of
$811,000, which was $38,000 below the reduced listing price.

The Debtor has accepted an offer to sell the Property to the
Purchaser, pursuant to the terms of the Buyer's Residential
Purchase Agreement and Joint Escrow Instructions (dated Nov. 13,
2019), Seller Counter-Offer (dated Nov. 20, 2019), and Bankruptcy
Counter Offer (dated Nov. 21, 2019) for a total consideration of
$811,000.  From the gross proceeds, the Estate will pay $36,495 in
Brokers' commissions at the close of sale.

The Purchaser has submitted a deposit of $25,000 into escrow, which
is scheduled to close as soon as practicable after entry of the
order approving the sale, but no later than the first business day
after fourteen calendar days following entry of the order approving
the sale of the Property.  The Debtor is providing marketable title
to the Property.  The sale is otherwise "as-is, where-is," "with
all faults," and without any representations or warranties of any
kind and is not subject to any contingencies.

Any party wishing to bid on the Property will advise the Broker and
the Debtor' bankruptcy counsel of his or her intent to bid on the
Property by no later than 5:00 p.m. (PST) on Jan. 13, 2020.  An
Overbid will be defined as an initial overbid of $10,000 above the
Purchase Price (i.e. $821,000), with each additional bid in $5,000
increments.  The Pverbid Deposit is $82,100 (i.e., 10% of the
initial overbid purchase price).

In the event the Debtor receives multiple Overbids in the same
amount, the Debtor will accept the Overbids in the order they are
received such that only the Overbidder submitting such bid first
will be deemed to have made a bid in such amount and the other
Overbidders will need to increase their bid to be eligible to
purchase the Property.


The Winning Bidder must tender the balance of the total and final
purchase price within 14 calendar days following entry of the order
approving the sale of the Property to such Winning Bidder.

A preliminary title report on the Property was provided by Fidelity
National Title Company.  The Title Report indicates that the
following lien has been recorded against the Property: The J.
Walter Schaefer Testamentary Trust (Item No. 8) - Deed of Trust
recorded on Dec. 4, 2018, as Instrument No. 2018000460144 of the
Official Records.  The Debtor is informed that an obligation of
approximately $515,000 is owed, secured by the Deed of Trust.

The Debtor is aware that Cathay Bank asserts a lien against the
Property by virtue of a replacement lien granted by the Bankruptcy
Court as adequate protection for its use of its cash collateral, to
the extent of any diminution of Cathay's interest therein.  The
Debtor is not aware of any other liens against the Property.

The Debtor estimates that the proposed sale will generate net
proceeds for the Estate of approximately $746,120, calculated as
follows:
     
     Proposed Sale Price               $811,000
     Est. Costs of Sale (8%)          ( $64,881)
     Estimated Net to Estate           $746,120

Pursuant to ongoing negotiations between the Debtor and Cathay, the
Trust has agreed, at this time, to forego immediate payment on its
Deed of Trust to allow the funds remain in the Debtor’s
segregated DIP account until plan confirmation or further order the
Court, with the Trust’s lien to attach to the proceeds with the
same validity and priority as existed prior to the sale.  Thus, the
proceeds, less the costs of sale, will be deposited in the Debtor's
separate real property DIP account until the earlier of (a) the the
Debtor, the Trust and Cathay reach an agreement as to the
disbursement thereof, or (b) the confirmation of the Debtor's plan.
If the Debtor, the Trust and Cathay reach an agreement with
respect to the disbursement of the proceeds, the parties will file
stipulation and order authorizing such disbursement without further
hearing.  

The Broker's Application proposed the payment of a commission based
on 4.5% of the final sale price of any of the Debtor's real
properties to be paid to the buyer's and the seller's Brokers as
follows: 2.0% to the Broker and 2.5% to the buyer's broker.  As
stated in the Agreement, the total commission for the sale of the
Property is to be paid as follows:

     Standard Reality (as the Seller's Broker)     $16,220 (2%)
     Beachview Realty (as the Buyer's Broker)      $20,275 (2.5%)
     Total Sale Commission:                        $36,495

Having previously approved the employment of the Broker and the
terms of its employment, the Court should authorize payment of the
4.5% commission to the brokers at the close of escrow.

Finally, the Debtor asks the Court to waive the 14-day stay
prescribed by Rule 6004(h) of the Federal Rules of Bankruptcy
Procedure.

A hearing on the Motion was set for 14, 2020 at 1:00 p.m.

               About Schaefer Ambulance Service

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

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

On June 6, 2019, the Court appointed Standard Mortgage, Inc., doing
business as Standard Realty, as broker.


SFP CANADA: To Wind-Down Business Under CCAA
--------------------------------------------
The Ontario Superior Court of Justice (Commercial List) issued an
order granting SFP Canada Ltd. protection under the Companies'
Creditors Arrangement Act.  Pursuant to the Initial Order, Richter
Advisory Group Inc. was appointed as monitor of the Company.

During the CCAA proceedings, the Company, with the assistance of an
experienced liquidator, will proceed with an orderly wind-down of
its business through a liquidation of its inventory and other
assets.  All proceedings against the Company are stayed and may not
be commenced or continued without leave of the Court.

A copy of the Initial Order and other material relating to the CCAA
proceedings can be obtained from the website of the Monitor at
www.richter.ca/insolvencycase/sfp-canada-ltd.

For additional information in respect of the CCAA proceedings,
contact:

   Richter Advisory Group Inc.
   181 Bay St., Suite 3510
   Bay Wellington Tower
   Toronto, ON M5J 2T3
   Tel: 1-866-271-4798
   Fax: 514-934-8603
   Email: claims@richter.ca

   Adam Sherman
   Tel: 416-642-4836
   Email: asherman@ricther.ca

   Pritesh Patel
   Tel: 416-642-9421
   Email: ppatel@ricther.ca


SHOPFACTORYDIRECT INC: March 12 Hearing on Plan & Disclosures Set
-----------------------------------------------------------------
Judge Karen S. Jennemann has ordered that the Disclosure Statement
in support of the Chapter 11 plan filed by ShopFactoryDirect Inc.
is conditionally approved.

An evidentiary hearing will be held on March 12, 2020 , at 02:00 PM
in Courtroom 6A, 6th Floor, George C. Young Courthouse, 400 West
Washington Street, Orlando, FL 32801 to consider and rule on the
Disclosure Statement and to conduct a Plan confirmation hearing.

Any party desiring to object to the adequacy of the Disclosure
Statement or to confirmation of the Plan will file its objection no
later than seven days before the date of the Confirmation Hearing.

The Debtor shall file a ballot tabulation no later than four days
before the date of the Confirmation Hearing.

                  About ShopFactoryDirect

ShopFactoryDirect Inc. operates an e-commerce site
https://shopfactorydirect.com/ that sells home furniture, including
bedroom, living room, dining room, office, bar and bar stools,
entertainment, bathroom, outdoor and patio, pool and spa, decor and
accessories, wall art and mirrors, and area rugs.  All of its
products are delivered direct from the manufacturer.  The Company
offers free delivery on all its merchandise within the 48
contiguous United States.

ShopFactoryDirect Inc., based in Winter Park, Fla., filed a Chapter
11 petition (Bankr. M.D. Fla. Case No. 19-02257) on April 8, 2019.
In the petition signed by William A. Bayse, president, the Debtor
was estimated to have $0 to $50,000 in assets and $1 million to $10
million in liabilities.  Aldo G. Bartolone, Jr., Esq., at Bartolone
Law, PLLC, serves as bankruptcy counsel to the Debtor.


SIMPLICITY CATERERS: Unsec. Creditors to Recover 10% in Plan
------------------------------------------------------------
Judge Clifton R. Jessup, Jr., has ordered that the hearing to
consider approval of the Disclosure Statement in support of the
Chapter 11 plan filed by Simplicity Caterers, LLC, will be held on
Wednesday, Feb. 26, 2020, at 11:30 a.m., before the Honorable
Clifton R. Jessup, Jr. at the Federal Building, 101 Holmes Avenue,
Huntsville, Alabama.

Friday, Feb. 14, 2020, by 5:00 p.m., CDT, is fixed as the deadline
to file any objections to the Disclosure Statement.

According to the Disclosure Statement, the Debtor has proposed a
Plan of Reorganization that provides:

   * Class 2 - Administrative Claims of Professionals Employed by
the Debtor. IMPAIRED.  To the extent the Debtor cannot pay the
claimants in this class in full within 120 days of the Effective
Date, and to the extent that that the claimants consent to such
treatment, the Debtor will begin making monthly payments of $900,
split on a pro rata basis between all claimants on their approved
claim amounts until the total allowed claims in this class are paid
in full.

   * Class 3 - Unsecured Priority Tax Claims. IMPAIRED.
Collectively $106,532.33.  The creditors in the class will be paid
in full their approved claim amounts over the course of a 60-month
term with interest accruing at the rate of 5.00%, with a standard
amortization schedule for the term.

   * Class 4 - General Unsecured Claims.  IMPAIRED.  Collectively,
$90,752.77.  Beginning on the Effective Date, the Debtor will
commence monthly payments of $100, split on a pro rata basis
between all creditors in this class on their approved claim
amounts, until the sum of 10% of the total allowed claims in this
class are paid, in addition to interest accruing at the federal
post-judgment interest rate.

  * Class 5 - Interests of Equity Interest Holders in Debtor.
IMPAIRED. Equity interest holders will retain their membership
interests in Debtor and, in order to comply with the new value
exception to the absolute priority rule, will contribute the sum of
$1,000 to the Debtor entity by or before the Plan’s Effective
Date.

The Debtor's normal cash flow will be the sole source of funds for
the payments to creditors authorized by the U.S. Bankruptcy Court's
confirmation of this Plan.  The Debtor reserves the right to sell
collateral for the purpose of providing some funding for the Plan
as the Debtor deems necessary.

A full-text copy of the Disclosure Statement dated Jan. 17, 2020,
is available at https://tinyurl.com/w3gdkpy from PacerMonitor.com
at no charge.

                  About Simplicity Caterers

Simplicity Caterers, LLC, is a government contractor located in
Huntsville, Alabama.  It manages the government's dining facility
for the National Guard in Smyrna, TN, under a federal contract.
Sole shareholder Stephanie Lanier  formed the company on July 12,
2013.  

Simplicity Caterers sought Chapter 11 protection (Bankr. N.D. Ala.
Case No. 19-82798) on Sept. 17, 2019.

Attorneys for the Debtor:

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



SKYFUEL INC: Proposes Auction Sale of All Assets
------------------------------------------------
Skyfuel, Inc., asks the U.S. Bankruptcy Court for the District of
Colorado to authorize the auction sale of substantially all
assets.

SkyFuel, based in Lakewood, Colorado, was acquired in 2015 by
Harvest International New Energy, Inc., the U.S. subsidiary of
Sunshine Kaidi New Energy Group of Wuhan, China, to develop
renewable energy products.  It specializes in solar thermal power
technology, and using its leading-edge patented technology called
SkyTrough, supplies utility-scale concentrating solar power systems
and a glass-free parabolic trough solar thermal collector.  Skyfuel
has intellectual property portfolios in 14 countries.  It owns 29
patents issued in mirror film and parabolic trough technology, with
33 applications pending.  SkyFuel also has 12 registered
trademarks.  

Since the commencement of the Case, the Debtor has received
interest in its assets from the market.  It believes that the
offers that will hopefully be generated and in-hand following the
conclusion of the Auction will be the highest and best available
for the Assets under the circumstances.  The sale process is
designed to maximize value and market the Assets in a full, fair,
and transparent manner.   Outside of the offers generated by the
process, the Debtor submits that no other higher and better offers
exist.

Concurrently with the Motion, the Debtor filed the Amended Motion
for Entry of an Order (A) Approving Bidding and Auction Procedures
for the Sale of Substantially all of the Debtor's Assets, (B)
Scheduling an Auction, Sale Hearing, and Other Dates and Deadlines,
(C) Approving the Procedures for Assumption and Assignment of
Contracts and Leases and Related Cure Procedures, and (D) Granting
Related Relief.

By the Motion, the Debtor asks (i) the entry of a Sale Order,
following an auction (if necessary) and sale hearing, that will
approve the sale or sales selected by the Debtor as the highest and
best bids for the Debtor's Assets free and clear of liens, claims,
and encumbrances, (ii) authorizing the assumption and assignment of
the Assigned Contracts, and (iii) granting related relief.  

The Debtor believes that pursuit of a prompt sale of their Assets
is in the best interest of their estate, creditors, and other
parties in interest.  

They respectfully ask that the Court approves the following general
timeline as set forth in the Bid Procedures Motion and exhibits
thereto:

     a. Entry of the Bid Procedures Order: no later than Jan. 15,
2020;

     b. Bid Deadline: 4:00 p.m. (MT), on Jan. 24, 2020, as the
deadline by which bids for the Debtor's Assets (as well as the
deposit and all other documentation required under the Bid
Procedures for Qualified Bidders must be actually received;

     c. Contract Cure Objection Deadline: On or before the Bid
Deadline;

     d. Auction (if necessary): Jan.y 29, 2020, at 10:00 a.m. (MT),
as the date and time of the Auction, which will be held at the
offices of Akerman LLP located at 1900 Sixteenth Street, Suite
1700, Denver, CO 80202, if the Debtor receives one or more
Qualified
Bids and determines that an auction is the best means of ensuring
the best and highest offer;

     e. Sale Objection Deadline: Feb. 3, 2020, at 4:00 p.m. (MT),
as the deadline to object to the Sale;

     f. Sale Hearing: Feb. 6, 2020, or otherwise as the Court's
calendar permits, as the date and time for the Sale Hearing; and

     g. Closing: Feb. 20, 2020, as the date and time for the
Closing.

Pursuant to Local Rule 6004-1(d), the key terms of the APA and Sale
Order are summarized in the Summary Description Chart to be filed
as Exhibit B.

The Debtor is not aware of any liens, security interests,
encumbrances, or other property interests in any of the Assets.
Any claims that are interests in property being sold, if any, will
attach to the net proceeds of the sale transaction, subject to any
claims and defenses the Debtor may possess with respect thereto.
The Debtor will hold such proceeds in escrow pending the final
resolution of any conflicting claims thereto.  Accordingly, the
Debtor proposes to sell the Assets free and clear of claims.

The Debtor also asks authority to assume and assign the Designated
Contracts to the successful purchaser(s) in accordance with the
Contract Procedures and Bid Procedures.   Concurrently with the
filing of the Motion, the Debtor will serve notice of the Motion
and its requested dates for sale objections and the sale hearing.
Within two days of the entry of the Bid Procedures Order, the
Debtor proposes to send the Sale Notice to the Sale Notice
Parties.

The Debtor respectfully asks that the Court schedules an Auction
for Jan. 29, 2020.  It further asks that it be given the authority
to cancel, continue or adjourn the Auction in its discretion (in
consultation with the Committee), including, without limitation, in
the event that sufficient qualified bids have not been received.
The Debtor further asks that the Court schedule a sale hearing for
Feb. 6, 2020.

Finally, to facilitate the consummation of the proposed sale as
soon as practicable after entry of the Sale Order, the Debtor
respectfully asks that the Court suspends the operation of the
14-day stay under Fed. R. Bankr. P. 6004(h).

                        About Skyfuel Inc.

Founded in 2007, Skyfuel, Inc. -- http://www.skyfuel.com/--
designs, manufactures and deploys complete solar field solutions
featuring the SkyTrough and SkyTroughDSP parabolic trough
concentrating solar collectors. SkyFuel is the solar thermal
technology arm of the Sunshine Kaidi New Energy Group Co., Ltd.
(Kaidi), a multi-billion dollar energy company based in Wuhan,
China.

An involuntary Chapter 11 petition for relief against SkyFuel, Inc.
(Bankr. D. Colo. Case No. 19-12400) was filed on March 29, 2019.
The court entered an order for relief on April 23, 2019.  The
Debtor is represented by Akerman LLP.


SOUTHEASTERN METAL: Judge Kaplan to Mediate on Plan Issues
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware convened a
hearing to consider the statements of counsel to Southeastern Metal
Products LLC and its Debtor Affiliates and the Official Committee
of Unsecured Creditors regarding referral to mediation of issues
related to approval of the Amended Disclosure Statement for the
Amended Joint Plan of Reorganization of Southeastern Metal Products
LLC and SEMP Texas LLC.

On Jan. 9, 2020, Judge Brendan L. Shannon ordered that:

  * The Honorable Michael B. Kaplan, United States Bankruptcy Judge
for the District of New Jersey, is appointed to serve as mediator
to mediate the issues and any other claims, affirmative defenses,
counterclaims or issues that are otherwise connected to the
Disclosure Statement and the Plan.

  * The Mediation shall take place on or before January 31, 2020,
on a date and time and at a location to be determined by the
Parties and the Mediator.

  * Each of the Parties and their respective legal counsel, as well
as Juno Investments as equity owner of the Southeastern Metal
Products LLC and its legal counsel, shall attend the Mediation with
a representative with settlement authority.

  * All pending hearing dates and deadlines for objections to the
Disclosure Statement and the Plan are hereby stayed and continued
until the date that is no earlier than fifteen (15) days following
the termination of the Mediation in accordance with Local Rule
9019-5.

A full-text copy of the order dated January 9, 2020, is available
at https://tinyurl.com/uygy9ps from PacerMonitor.com at no charge.

                 About Southeastern Metal Products

Southeastern Metal Products LLC is a contract manufacturing company
that specializes in fabrication and stampings for various
industries including telecommunications, transportation, appliance
and health and safety industries.

Southeastern Metal Products and its affiliates SEMP Texas, LLC and
Hospital Acquisition LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-10998) on May 6,
2019. At the time of the filing, Southeastern Metal disclosed
assets of between $1,000,001 and $10 million and liabilities of the
same range. SEMP Texas had estimated assets of less than $1 million
and liabilities of less than $500,000 while Hospital Acquisition
had estimated assets of less than $50,000 and liabilities of less
than $50,000.   

The Debtors hired Weir & Partners LLP as counsel; Finley Group as
financial advisor; and Omni Management Group as claims and noticing
agent.

Andrew Vara, acting U.S. trustee for Region 3, appointed an
official committee of unsecured creditors on May 20, 2019.
Lowenstein Sandler LLP is the committee's legal counsel.



SPRINT CORP: Fitch Rates $1BB Jr. Guaranteed Notes BB, on Watch Pos
-------------------------------------------------------------------
Fitch Ratings assigned a 'BB'/'RR2' rating to Sprint Corporation's
proposed $1 billion junior guaranteed notes offering and maintained
the Rating Watch Positive on Sprint (NYSE: S) and Sprint
Communications Inc.'s 'B+' Long-Term Issuer Default Ratings and
outstanding debt including debt issued at Sprint Capital
Corporation. The notes are being issued under an indenture, dated
Sept. 11, 2013, with covenants that are similar to the existing
Sprint senior notes. The notes will be fully and unconditionally
guaranteed on a senior unsecured basis by Sprint Communications,
Inc. Sprint intends to use net proceeds to refinance debt. The
notes have a special mandatory redemption upon the consummation of
the T-Mobile US, Inc. transaction.

KEY RATING DRIVERS

Merger Considerations: Fitch believes the potential merger between
Sprint Corp. and T-Mobile, if completed, will substantially
strengthen the credit support for existing Sprint bondholders with
the transaction as proposed, and can likely lead to a three-notch
upgrade of the Issuer Default Ratings (IDRs), and depending on the
debt issuance, up to three-notches on the outstanding debt of
Sprint and its subsidiaries. Sprint's final rating will depend on
several factors, including the merger receiving regulatory
approval, an assessment of the potential effect of any additional
conditions placed on the transaction by the regulatory approval
process, the operational performance of T-Mobile at the time of
closing and a final committee review by Fitch to assess any change
in assumptions that may have occurred from the time the merger was
announced.

However, regulatory approval remains uncertain despite the FCC
voting in support of the merger and Sprint and T-Mobile entering
into a consent decree with the Department of Justice due to the
multistate lawsuit filed or joined by the Attorneys General in 14
states and the District of Columbia. The trial has concluded with a
decision expected by the judge in the late first-quarter 2020.

In the event the state lawsuit successfully blocks the merger and
the agreement terminates, Fitch remains concerned with Sprint's
standalone operational prospects and financial profile including
adequate medium-to-longer term access to the capital markets given
their substantial maturity wall particularly if SoftBank Group
Corp. were to reconsider whether Sprint remains core to its
long-term strategic plans. Absent a material tangible pledge of
support by SoftBank, Fitch would reassess the strategic parent
subsidiary linkage that could result in a multi-notch downgrade to
Sprint's long-term IDRs and related debt.

Weak Standalone Prospects: Sprint's core fundamental issues are
driven by insufficient scale, a weak brand, lack of low band
spectrum (LTE or 5G), and lagging network coverage in certain
regions that creates challenges with attracting and retaining
postpaid subscribers evidenced by stubbornly high churn and
aggressive limited-time promotional pricing. Despite the aggressive
pricing, Sprint has struggled to maintain its share of postpaid
gross additions and grow net subscribers. Additionally, Sprint's
weak financial profile has presented additional challenges for
Sprint in balancing the need to invest in the network and
generating sufficient FCF to service its large debt load that has a
looming maturity wall averaging more than $4 billion annually in
maturities during the next three fiscal years.

Combination Drives Scale Benefits: A T-Mobile and Sprint
combination is expected to create significant scale, asset and
synergy benefits that should materially improve the combined
entities' long-term competitive position, particularly for 5G
network capabilities. T-Mobile is expected to target new and/or
improved growth opportunities across multiple segments including
broadband replacement, enterprise, rural, internet of things (IoT)
and over-the-top (OTT) video. The larger combined spectrum
portfolio and selective rationalization of Sprint's network should
materially enhance and further densify T-Mobile's existing network,
resulting in greater speed, capacity, capabilities and geographic
reach.

Material Deleveraging Expected: T-Mobile's pro forma gross core
telecom leverage (adjusted debt/EBITDAR) would be high at
transaction close and likely in the mid-4x range compared to
initial expectations for leverage approaching 5x given lower
expected debt at transaction close. Fitch believes significant
deleveraging would occur due to substantial cost synergies and
subscriber growth, which is expected to drive material EBITDA
growth. Fitch anticipates excess cash would be used to repay
maturing and prepayable debt.

Merger Parent Support: Fitch views a moderate parent subsidiary
linkage exists for the merged T-Mobile, resulting in a one-notch
uplift to the standalone IDRs. The cross-guaranty structure would
equalize the IDRs of Sprint and T-Mobile. The operational and
strategic linkages are strong combined with material benefits
derived from Deutsche Telekom AG (DT) ownership through combined
global purchasing scale that provides significant benefits for
network, handset and general procurement.

Further support comes through expected DT parent-held debt of $6
billion, strong involvement of T-Mobile's board and potential
benefits from SoftBank's numerous strategic investments. DT is
expected to consolidate T-Mobile's financials and have perpetual
voting proxy over SoftBank's T-Mobile's shares subject to certain
conditions. Both parents will also be subject to four-year equity
lockup agreements subject to certain exceptions. Legal linkages
with the new T-Mobile are weak given the lack of parent guarantees
or cross default to parent debt.

Sprint Standalone Parent Support: Sprint's IDR benefits from
SoftBank's tangible support. Past financing structures, while more
short-term in nature, have leveraged SoftBank's extensive and deep
financial relationships, demonstrating further support and
resulting in stabilized liquidity. Fitch has viewed the operational
and strategic linkages as moderately strong given the extensive
operational oversight and strategic importance of Sprint's
U.S.-based network to SoftBank's long-term connected device (IoT)
plans. Legal linkages are weak, given the lack of any guarantees
provided to existing debtholders. The moderate linkage adds two
notches to Sprint's IDR from its stand-alone profile.

DERIVATION SUMMARY

On a consolidated basis, a Sprint/T-Mobile combination would have a
materially improved business profile that would enhance its
competitive position relative to Verizon Communications Inc.
(A-/Stable) and AT&T Inc. (A-/Stable) as on a standalone basis,
both Sprint and T-Mobile lack sufficient scale and resources to
compete across certain market segments. The combination would
enable T-Mobile to expand growth opportunities into other
sub-segments including video, broadband, enterprise, rural and IoT.
Verizon's rating reflects the relatively strong wireless
competitive position, as demonstrated by its high EBITDA margins,
low churn, extensive national coverage and lower leverage. AT&T's
ratings reflect its large scale of operations, diversified revenue
streams by customer and technology, and relatively strong operating
profitability.

T-Mobile has generated strong operating momentum during the past
several years due to a well-executed challenger strategy that has
taken material market share from the other three national operators
and caused both AT&T and Verizon to more aggressively adapt and
respond to these offerings (equipment installment and unlimited
data plans). A combined Sprint and T-Mobile postpaid wireless
business would have similar wireless scale as AT&T but would be
materially smaller than Verizon. Over time, given the strong
subscriber momentum underpinned by its Un-carrier branding
strategy, Fitch expects T-Mobile would continue to close the share
gap against its two larger peers. T-Mobile would have moderately
larger scale than Charter Communications Operating, LLC's
(BB+/Stable) with a relatively similar profile for gross leverage
(total adjusted debt to EBITDAR) and lower secured leverage.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case - Pro Forma for the
Merger Between Sprint and T-Mobile

  -- Total pro forma service revenues in the low-$50 billion
range;

  -- EBITDA in the low-$20 billion range;

  -- Long-term annualized run-rate synergies in the $6 billion
range;

  -- Cash costs to achieve integration and synergies of
approximately $15 billion with integration expected over a three-
to four-year period;

  -- Pro forma gross core telecom leverage (adjusted debt/EBITDAR)
in the mid-4x range.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to
Positive Rating Action
  
  -- The transaction, as proposed, is likely to lead to a
three-notch upgrade to the IDRs and outstanding debt of Sprint and
its subsidiaries based on existing assumptions. The final rating
would depend on Fitch's further analysis of the transaction,
including the expected cross-guaranty structure between T-Mobile
and Sprint, an assessment of the potential effect of any additional
conditions placed on the transaction by the regulatory approval
process and the operational performance of T-Mobile at the time of
closing.

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

  -- In the event the merger does not close, Fitch would reassess
the parent subsidiary linkage between SoftBank Group and Sprint. A
perceived weakening of the strategic linkage between Sprint and
SoftBank combined with a weakening financial profile could result
in a multi-notch downgrade to Sprint's Long-Term IDRs.

LIQUIDITY AND DEBT STRUCTURE

Strong Merger Liquidity: Fitch expects the combined entity would
have substantial liquidity and diversified market access to
appropriately manage liquidity risks. Balance sheet cash is
expected to be substantial with secured revolver availability of $4
billion at transaction close. FCF generation is expected to
increase materially with company estimates in the $10 billion-$11
billion range in the three or four years after the close, driven by
the realization of run-rate cost synergies and tax reform benefits.
Consequently, T-Mobile's liquidity position greatly enhances
financial flexibility throughout the integration process given the
uncertainties around the level and timing of cash requirements and
the larger debt maturity towers due in part to legacy capital
structures, principally after 2020.

In connection with the merger agreement, T-Mobile entered into a
commitment letter for up to $38 billion in secured and unsecured
debt financing including a $19 billion, 364-day secured bridge-loan
facility, $7 billion seven-year secured term loan facility, $4
billion five-year secured revolving credit facility and an $8
billion unsecured bridge loan facility. On June 6, 2018, T-Mobile
reduced the commitments under the amended and restated commitment
letter by $8.0 billion, such that the remaining size of the
commitments is $30.0 billion, including a $4.0 billion secured
revolving credit facility, a $7.0 billion secured term-loan
facility and a $19.0 billion secured bridge loan facility. Sprint
and T-Mobile have also received approval to amend the indentures at
the issuing subsidiaries including Sprint Capital Corp., Sprint
Corp., Sprint Spectrum, SCI and T-Mobile USA. The amendments
include changing the definition of change of control to explicitly
exclude a Sprint/T-Mobile combination, modifying restrictions
involving consolidation, mergers and transfers of property and
assets, changing the definition of permitted holder, and changing
the ratio of allowable secured debt.

Sprint Standalone Liquidity: Fitch expects Sprint will maintain at
least 12 months of available liquidity, including borrowing
capacity, to cover upcoming cash requirements. Maturities over the
next three years are substantial, averaging more than $4 billion
annually. At the end of fiscal third-quarter 2019 (Dec. 31, 2019),
Sprint's liquidity position was supported by $3.2 billion of cash
and cash equivalents, $1.9 billion of availability on its $2
billion secured revolving facility due February 2021 and
approximately $0.1 billion of availability under the accounts
receivable facility. Recovery assumptions have not materially
changed from the previous committee on April 26, 2019.

SUMMARY OF FINANCIAL ADJUSTMENTS

  -- Adjustments for lease and equipment installment plan
accounting differences, cash restructuring and other charges to
determine cash EBITDA used for recovery; --Adjustments for
outstanding equipment installment plan receivables related to
financial services operations (assessed using a debt/equity ratio
of 2:1). Proforma adjustments made to the financial forecast: --To
determine core telecom leverage of the proforma company, Fitch
applied a 2:1 debt to equity ratio to the handset receivables
(leasing and EIP), after adding back off balance sheet
securitizations; --Tower Obligations: Fitch's treatment typically
capitalizes the annual operating lease charge using a standard 8x
multiple to create a debt-equivalent. The operating lease expense
for T-Mobile's tower obligation is included in the annual rent
expense. Therefore, Fitch excluded the tower obligations from the
total debt quantum as the analysis incorporates the obligation in
total adjusted debt metrics that includes capitalized operating
lease expense; --Added back off-balance debt related to service
receivables and EIP receivables facilities at T-Mobile.

ESG CONSIDERATIONS

Sprint has an Environmental, Social and Governance (ESG) Relevance
Score of 4 for Management Strategy and Customer Welfare - Fair
Messaing, Privacy & Data Security Governance.

For Management Strategy: This is due from challenges to operational
and brand strength, as shown by its weak subscriber metrics and
position as the fourth operator in a market dominated by much
larger players.

For Customer Welfare - Data Security, Service Disruptions: This is
because Sprint has had significant network issues in the past,
which caused higher network churn. Its network remains limited in
certain areas.


SPRINT CORP: Moody's Assigns B1 Rating on $1BB Unsec. Notes
-----------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Sprint
Corporation's new $1 billion senior unsecured junior guaranteed
notes due 2028 (Notes). All of Sprint's credit ratings are on
review for upgrade. Sprint intends to use the net proceeds to
refinance debt. The incremental unsecured notes will provide long
duration debt capital and preserve Sprint's secured debt capacity.
The Notes have a mandatory special redemption at par in the event
Sprint's merger with T-Mobile US, Inc., parent of T-Mobile USA,
Inc. (T-Mobile, Ba2 stable), is completed.

Assignments:

Issuer: Sprint Corporation

Gtd Senior Unsecured Regular Bond/Debenture, Assigned B1 (LGD3),
Under Review for Upgrade

Unchanged:

Issuer: Sprint Communications, Inc.

Senior Secured Bank Credit Facility Unchanged at Ba2 (LGD2) from
(LGD1)

Senior Secured Regular Bond/Debenture Unchanged at Ba2 (LGD2) from
(LGD1)

RATINGS RATIONALE

The new senior unsecured junior guaranteed notes are rated B1,
reflecting their senior ranking ahead of the senior unsecured notes
of Sprint itself, Sprint Communications, Inc. (SCI) and Sprint
Capital Corp., and reflecting their subordinate ranking to the
senior secured credit facility and other senior liabilities. The
Notes will be fully and unconditionally guaranteed by SCI on a
senior unsecured basis. The obligations of SCI under the SCI
guarantee will in turn be fully and unconditionally guaranteed on a
senior subordinated basis by SCI's subsidiaries.

Sprint's B2 corporate family rating reflects the company's high
leverage of approximately 4.8x debt/EBITDA (Moody's adjusted) at
December 31, 2019 which limits its operational flexibility and
ability to increase market share in the competitive wireless
industry. The company's low margins and its capital intensity
result in Moody's expectation for continuing negative free cash
flow generation at least through fiscal year-end 2020, ending March
31, 2021.

These negative factors are offset by Sprint's adequate liquidity,
its network investments which have the potential to support
stronger improvements in operating performance and the company's
continued efforts to reduce costs. Sprint also has a large base of
recurring revenue and holds valuable network and spectrum assets.
While wireless service revenue trends (excluding the impact of the
new revenue standard) have improved from historical declines,
recent flattening trends underscore the difficulties of reorienting
consumer perceptions and gaining share in a mature wireless
market.

The review for upgrade is based on Moody's assessment that the
proposed combination with T-Mobile US would materially improve
Sprint's standalone credit profile. On a pro forma combined basis,
Sprint would benefit from reduced operating and capital investment
costs, improved leverage approaching the low 4x (Moody's adjusted)
range two years from likely merger close, enhanced liquidity,
greater operating scale, a more extensive asset base and
strengthened competitive market positioning in the US wireless
industry.

Moody's could upgrade Sprint's ratings on a standalone basis if: 1)
Leverage can be sustained below 5x (Moody's adjusted); 2) Service
revenue, churn and subscribers improve on a sustained basis; 3)
Sprint maintains committed, general purpose liquidity sufficient to
address 12 to 18 months of total cash needs, including for capital
investments and debt maturities; and 4) Sprint can demonstrate a
near term path to sustained positive free cash flow (free cash flow
= cash from operations minus capital spending).

Moody's could downgrade Sprint's ratings on a standalone basis if:
1) Leverage is sustained above 5.5x (Moody's adjusted); 2)
liquidity is insufficient to address 12 months of total cash needs;
3) operating performance deteriorates, which could be reflected by
rising churn, negative subscriber trends, or if Sprint broadly
introduces irrational price plans; or 4) if Moody's believes that
SoftBank's commitment or ability to support Sprint has
deteriorated.

The principal methodology used in this rating was
Telecommunications Service Providers published in January 2017.

With headquarters in Overland Park, Kansas, Sprint Corporation and
its subsidiaries form one of the largest telecommunications
companies in the US. Sprint offers digital wireless services in
addition to a broad suite of wireline communications services and
is the fourth largest wireless carrier in the US with approximately
54.2 million subscribers. During the last 12 months ended December
31, 2019, the company generated $32.5 billion in revenue, over 95%
of which was from wireless operations. SoftBank Group Corp. owns an
approximate 85% stake in Sprint.


STEPHANIE'S TOO: Court Allows AHFCU to Cast Unsecured Ballot
------------------------------------------------------------
American Heritage Federal Credit Union (AHFCU), a partially secured
creditor, objected to the Combined Plan of Reorganization and
Disclosure Statement filed by debtor Stephanie's Too, LLC, arguing,
in part, that it should be allowed to cast a ballot on account of
its deficiency claim.

The Debtor's response argues that AHFCU may not vote on the Plan
because it did not file a proof of claim asserting the unsecured
amount.  

On January 9, 2020, the Court concluded that AHFCU may cast an
unsecured ballot on the Plan because it has an allowed unsecured
claim, explaining that:

   * AHFCU argues that since Schedule D identifies AHFCU as a
creditor with the partially secured, undisputed claim, it can be
inferred that AHFCU has an undisputed unsecured claim.  Therefore,
according to AHFCU, Debtor should have scheduled it as an unsecured
creditor and AHFCU's Class 2 ballot should be considered. AHFCU
also argues it has an allowed unsecured claim because the Top 20
List acknowledges an unsecured claim.

   * The Debtor scheduled AHFCU's claim on Schedule D, listed the
total amount of the claim and the amount that is secured, and
stated that the claim was Undisputed.  Because AHFCU's claim was
scheduled as Undisputed, its entire claim is allowed under Section
1111(a) and Rule 3003 - not just the secured portion of the claim.
Therefore, AHFCU is entitled to cast a Class  2 ballot on account
of its unsecured deficiency claim.

A full-text copy of the Opinion dated January 9, 2020, is available
at https://tinyurl.com/us7pcnh from PacerMonitor.com at no charge.

                       About Stephanie's Too

Stephanie's Too, LLC, a bar and restaurant that has not been
operating since September 2018, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D.N.J. Case No. 18-32221) on Nov. 8,
2018. In the petition signed by Leon Kubis, sole member, the Debtor
estimated assets of less than $500,000 and liabilities of less than
$1 million. The case is assigned to Judge Jerrold N. Poslusny Jr.
The Debtor tapped Kasen & Kasen, P.C. as its legal counsel.


SUNPOWER CORP: Wellington, et al. Have 7.39% Stake as of Dec. 31
----------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Wellington Management Group LLP, Wellington Group
Holdings LLP, and Wellington Investment Advisors Holdings LLP
disclosed that as of Dec. 31, 2019, they beneficially own
12,413,023 shares of common stock of SunPower Corporation, which
represents 7.39 percent of the shares outstanding.  Wellington
Management Company LLP also reported beneficial ownership of
11,390,517 shares or 6.78 equity stake.  A full-text copy of the
regulatory filing is available for free at:

                    https://is.gd/e0sfJ2

                       About SunPower

Headquartered in San Jose, California, SunPower Corporation --
http://www.sunpower.com/-- provides a diverse group of customers
with complete solar solutions and services.  The company serves
residential customers, businesses, governments, schools and
utilities.

SunPower reported a net loss of $917.49 million for the fiscal year
ended Dec. 30, 2018, a net loss of $1.17 billion for the fiscal
year ended Dec. 31, 2017, and a net loss of $521.41 million for the
fiscal year ended Jan. 1, 2017.  As of Sept. 29, 2019, SunPower had
$1.89 billion in total assets, $2.05 billion in total liabilities,
and a total deficit of $160.25 million.


TARGA RESOURCES: S&P Alters Outlook to Stable, Affirms 'BB' ICR
---------------------------------------------------------------
S&P Global Ratings revised its outlook on U.S.-based midstream
energy company Targa Resources Corp.'s (Targa) to stable from
positive and affirmed its 'BB' issuer credit rating.

At the same time, S&P affirmed its 'BB' issue-level rating on
Targa's unsecured debt and its 'B+' issue-level rating on the
company's structurally subordinated debt. S&P's '3' recovery rating
on the unsecured debt and '6' recovery rating on the subordinated
debt remain unchanged.

The outlook revision reflects that S&P expects the company's
leverage to remain above 5x in 2020.  While S&P anticipates that
Targa will continue to materially increase its cash flows this
year, the rating agency expects the company's leverage to remain
above 5x in 2020. Nonetheless, S&P expects the company's free cash
flow generation to improve in 2020 and anticipate that the company
will be roughly free cash flow neutral for the year after having
experienced a large free cash flow deficit in 2019. The rating
agency forecasts growth capital spending of $1.2 billion-$1.3
billion in 2020, which compares with the approximately $2.4 billion
the company spent in 2019 and the $2.7 billion it spent in 2018.

The stable outlook on Targa reflects S&P's expectation that the
company will maintain leverage in the mid-5x area in 2020. Given
that many of the company's growth projects have recently come
online, S&P expects the company's cash flow to materially increase
in 2020. In addition, S&P forecasts net growth capital spending of
approximately $1.2 billion-$1.3 billion in 2020, which is
substantially lower than in 2018 and 2019. Targa has made good
progress on reducing the volatility of its business and S&P expects
the company's total fee-based margins to exceed 80% in 2020. It
also believes the company's hedging program will help reduce the
cash flow volatility in the company's G&P segment. In addition, S&P
anticipates that Targa's more-stable downstream segment will
account for about 55% of its total operating margin in 2020 with
the remainder coming from its G&P segment.

"We could consider taking a negative rating action on Targa if its
leverage approaches 6x on a sustained basis. This could occur due
to a higher-than-anticipated level of capital spending that the
company does not fund in a balanced manner," S&P said.

"We could consider raising our rating on Targa if we expect it to
maintain leverage of less than 4.5x on a sustained basis," the
rating agency said.


THEE TREE HOUSE: April 20, 2020 Deadline for Plan and Disclosures
-----------------------------------------------------------------
Judge Caryl E. Delano in Tampa, Florida, has entered an order
setting an April 20, 2020 deadline for Thee Tree House, LLC, to
file a plan and disclosure statement.

If the Debtor fails to file a Plan and Disclosure Statement by the
Filing Deadline, the Court will issue an Order to Show Cause why
the case should not be dismissed or converted to a Chapter 7 case
pursuant to Section 1112(b)(1) of the Bankruptcy Code.

A full-text copy of the Order dated Jan. 15, 2020, is available at
https://tinyurl.com/uwewz6a from PacerMonitor.com at no charge.

                      About Thee Tree House
  
Thee Tree House, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-11768) on Dec. 13,
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 Caryl E. Delano oversees the case.
The Debtor is represented by McIntyre Thanasides Bringgold Elliott
Grimaldi Guito & Matthews, P.A.


THREE DOUGH: Seeks and Wins Final Nod on Cash Collateral Use
------------------------------------------------------------
Three Dough Boys, LLC, seeks authorization from the U.S. Bankruptcy
Court for the Northern District of Texas (i) to use cash
collateral, (ii) to provide adequate protection to its secured
creditor, Happy State Bank, and (iii) to carve out each month
$5,000 for bankruptcy counsel and $2,500 for an accountant.

Happy State Bank asserts a first priority lien in the approximate
amount of $1.36 million on all assets of the Debtor and has an
interest in cash collateral. The HSB Credit Agreement, as amended,
requires monthly interest payments in the amount of $6,832.  The
Debtor intends to pay Happy State Bank the scheduled monthly
interest payment of $6,832, through the date of the sale, in
February or perhaps early March 2020.

The Debtor is a franchisee of Mr. Gatti's Pizza, LLC in the Austin,
Texas area. Mr. Gatti's asserts a second priority lien in the
amount of $2.5 million on all assets and has an interest in cash
collateral. In addition, Bluevine asserts a third priority lien in
the amount of $17,399.18 on all assets of the Debtor.

The Texas Comptroller of Public Accounts has filed states sales tax
liens and asserts a first priority lien on the $16,781 in the cash
held by the Debtor as of the Petition Date and otherwise a fourth
priority lien on the balance of the Debtor's assets to secure
payment of delinquent sales taxes.

The Debtor intends to continue operating in Chapter 11 as it works
to sell its business and operating assets to a stronger franchisee.
The Debtor has prepared a 2-week interim budget to cover its
operation for the first two weeks of January 2020, and a 60-day
budget for ongoing, normal business operations through the
projected sale at the end of February 2020, or early March 2020 at
the latest.

Pursuant to his final order, Judge Mark X. Mullin ruled that the
Debtor may use cash collateral subject to the following terms and
conditions:

     (A) Happy State Bank will be provided, at minimum, adequate
protection as follows: (a) the Debtor will adhere to the 60-Day
Budget, plus or minus a 6% variance in expenses per month as set
forth in the Final Order; (b) the Debtor will maintain its assets
and operations, subject to the Debtor's reasonable business
judgment as to specific transactions or whether to close specific
locations; (c) the Bank will maintain its prepetition lien on the
Debtor's assets in accordance with pre-petition priority; (d) the
Bank is granted replacement liens on all post-petition accounts
receivable and proceeds of such accounts from the Petition Date to
the date when the proceeds of any Section 363 sale are distributed
or the case is converted to a Chapter 7, and such post-petition
liens are automatically perfected without the need for additional
filing; and (e) the Debtor will continue making monthly cash
payments to the Bank in the amount of $6,832.

     (B) Mr. Gatti's will be provided adequate protection as
follows: (a) the Debtor will adhere to the 60-Day Budget, plus or
minus a 6% variance in expenses per month as set forth in the Final
Order; (b) the Debtor will maintain its assets and operations,
subject to the Debtor's reasonable business judgment as to specific
transactions or whether to close specific locations; (c) Mr.
Gatti's will maintain its prepetition second lien on the Debtor's
assets in accordance with pre-petition priority; and (d) Mr.
Gatti's is granted replacement liens on future revenues and
accounts receivable from the Petition Date to the time when the
Section 363 sale proceeds are distributed pursuant to Court Order,
and such post-petition liens are automatically perfected without
the need for additional filing.

     (C) The Comptroller will be provided following adequate
protection for its interest in sales taxes collected by the
Debtor:

         (i) The Debtor will establish a State Tax Escrow Account
at Chase Bank and will deposit in such account, at least weekly,
all Texas sales taxes collected during the prior week;

         (ii) The Debtor will file all sales tax returns and remit
all payments of postpetition sales taxes to the Comptroller on a
timely basis;

         (iii) The Debtor will remit to the Comptroller the sum of
$5,000 per month, to applied to the oldest delinquent sales taxes
as adequate protection of the Comptroller's interest in previously
collected but unremitted sales taxes;

         (iv) A representative of Comptroller may inspect the
Debtor's books and records for the purpose verifying the amount of
post-petition sales taxes owed and those amounts have been properly
deposited in the State Tax Escrow Account;

         (v) Upon default in compliance with any of the terms set
forth above, the Comptroller will transmit a notice of default to
Debtor's counsel. If the Debtor fails to cure the default, the
Comptroller may then file a motion to convert or dismiss the case;
and

         (vi) The Comptroller's state sale tax lien will continue
post-petition, but with the same lien priority that they had
prepetition. The Comptroller is granted replacement liens in the
Debtor's assets, with same priority that such liens had
prepetition.

A copy of the Final Order is available at PacerMonitor.com at
https://is.gd/Wq2UPS at no charge.

                      About Three Dough Boys

Three Dough Boys, LLC, is a franchisee of Mr. Gatti's Pizza, LLC.
It operates nine pizza restaurants in Austin, Texas.

Three Dough Boys sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 19-45141) on Dec. 20,
2019.  At the time of the filing, the Debtor had estimated assets
of between $500,001 and $1 million and liabilities of between
$1,000,001 and $10 million.  The Debtor is represented by Robert A.
Simon, Esq., at Whitaker Chalk Swindle & Schwartz, PLLC.


VALLEY ECONOMIC: Bank Wants Details of Property Transfer in Plan
----------------------------------------------------------------
Secured creditor Charles Schwab Bank objects to the Disclosure
Statement describing the Liquidating Plan of Valley Economic
Development Center, Inc., because it lacks adequate information.

Schwab points out that the Debtor insufficiently describes the
property it intends to transfer to Schwab on the Effective Date.

Schwab further points out that the Disclosure Statement fails to
address critical mechanical issues which are necessary to permit a
fulsome understanding of the proposed plan.

Schwab complains the Disclosure Statement does not contain
sufficient information to allow creditors to make informed
decisions because necessary financial information is not included.

Attorneys for Charles Schwab Bank:

     DAVID D. PIPER, CASB
     STEFAN PEROVICH, CASB
     KEESAL, YOUNG & LOGAN
     A Professional Corporation
     400 Oceangate, Suite 1400
     Long Beach, California 90802
     Telephone: (562) 436-2000
     Facsimile: (562) 436-7416
     E-mail: david.piper@kyl.com
             stefan.perovich@kyl.com

          About Valley Economic Development Center

Valley Economic Development Center, Inc., a certified Community
Development Financial Institution, is a California tax-exempt
non-profit corporation whose mission is to provide financing
assistance, management consulting, and training to entrepreneurs
and small business owners in and around Los Angeles County and
throughout California. Those services include business training
for start-up and fledgling small businesses as well as services to
more established existing small businesses.

Valley Economic Development Center sought protection under Chapter
11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 19-11629) on
July 2, 2019. At the time of the filing, the Debtor was estimated
to have assets between $10 million and $50 million and liabilities
of the same range. The case has been assigned to Judge Deborah J.
Saltzman.  Levene, Neale, Bender, Yoo & Brill L.L.P. is the
Debtor's bankruptcy counsel.


VIZIENT INC: Moody's Raises CFR to Ba3, Outlook Stable
------------------------------------------------------
Moody's Investors Service upgraded the ratings of Vizient, Inc.,
including the Corporate Family Rating to Ba3 from B1 and
Probability of Default Rating to Ba3-PD from B1-PD. Moody's also
upgraded the senior secured revolving credit facility and term loan
ratings to Ba2 from Ba3 and the senior unsecured notes rating to B2
from B3. The ratings outlook is stable.

The upgrade of the ratings reflects Vizient's improved earnings,
liquidity and solid free cash flow. The upgrade is also supported
by the company's track record of debt repayment and Moody's
expectation that this will continue. Moody's expects that Vizient
will maintain its debt to EBITDA below 3.5x as its solid free cash
flow gives the company ample flexibility to fund tuck-in
acquisitions w hile continuing to repay debt.

Vizient, Inc.

The following ratings were upgraded:

Corporate Family Rating to Ba3 from B1

Probability of Default Rating to Ba3-PD from B1-PD

$500 million senior secured revolving credit facility due 2024 to
Ba2 (LGD 3) from Ba3 (LGD 3)

$600 million senior secured term loan A due 2024 to Ba2 (LGD 3)
from Ba3 (LGD 3)

$500 million senior secured term loan B due 2026 to Ba2 (LGD 3)
from Ba3 (LGD 3)

$300 million senior unsecured notes due 2027 to B2 (LGD 6) from B3
(LGD 6)

The outlook is stable.

RATINGS RATIONALE

The Ba3 Corporate Family Rating reflects Vizient's solid scale and
market presence as the largest group purchasing organization (GPO)
in the US. Vizient has good geographic and customer diversification
that further support the rating. The rating is constrained by
Moody's expectation for continued pricing pressure in the GPO
business, however, this will be somewhat offset by margin expansion
in the healthcare advisory and analytics business.

Vizient's liquidity is considered very good, supported by stable,
strong free cash flow generation and significant availability under
its revolver. In addition, cash at September 30, 2019 was $293
million.

Environmental considerations are not material to the overall credit
profile of Vizient. The rating reflects positive social
considerations, including Vizient's role in controlling healthcare
costs for its customers. From a governance perspective, Vizient has
a history of debt funded acquisitions, which raises the risk that
the company may increase leverage again in the future. That said,
the company has demonstrated credibility and effectiveness by
successfully integrating the acquisitions and quickly reducing
leverage. Vizient has a unique ownership and control structure that
Moody's believes will support a conservative financial policy going
forward. Over 300 of its customer members are also owners.

The stable outlook reflects Moody's view that Vizient will continue
to generate solid free cash flow and financial leverage will remain
under 3.5x. However, the credit profile will remain constrained by
continued pricing pressure in the GPO business.

The ratings could be upgraded if Vizient further diversifies the
business by growing the healthcare advisory and analytics segments.
Additionally, if Vizient improves its earnings and continues to
repay debt such that adjusted debt to EBITDA is sustained below 3.0
times, the ratings could be upgraded.

The ratings could be downgraded if margins decline materially, or
if free cash flow weakens. Further, the ratings could be downgraded
if the company engages in material debt-financed acquisitions or
dividends such that debt to EBITDA is expected to be sustained
above 4.0 times.

Vizient generates about 60% of revenue from its GPO business. The
company also provides advisory and analytics services. Vizient's
customers range from independent, community-based healthcare
organizations to large, integrated hospitals and academic medical
centers. The company operates under a participant member ownership
structure and has revenue of approximately $1.3 billion.

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


WILSON COLLEGE: Fitch Affirms BB Rating on $34MM Educational Bonds
------------------------------------------------------------------
Fitch Ratings affirmed the 'BB' rating on $34 million of
Chambersburg Area Municipal Authority education facility revenue
and refunding bonds, series 2018 issued on behalf of Wilson
College, PA (Wilson).

In addition, Fitch has assigned an Issuer Default Rating (IDR) of
'BB' to Wilson.

The Rating Outlook is Stable.

SECURITY

The bonds are a general obligation of the obligated group (Wilson
is the sole member) payable from any legally available funds (AF).
The bonds are secured under a new master indenture by a pledge of
the college's gross revenues and a mortgage on its core campus
property. In addition, the bonds will have a cash-funded debt
service reserve fund.

ANALYTICAL CONCLUSION

The ratings reflect Wilson's adequate balance sheet cushion
relative to limited revenue defensibility and stronger operating
risk assessments. Revenue defensibility considers moderate demand
indicators in the context of favorable enrollment trends
constrained by a history of unsustainable endowment draws, which
are planned to decline beginning in fiscal 2020. Operating risk
incorporates stronger cash flow margins (inclusive of endowment
spend) and a manageable level of capital needs. Wilson's financial
profile reflects elevated economic sensitivity due to the college's
historically high reliance on endowment income to support
operations, but remains consistent with a 'bb' assessment
throughout Fitch's forward looking base and stress case scenarios.

KEY RATING DRIVERS

Revenue Defensibility:: 'bb'

Mixed Demand Indicators; Unsustainable Endowment Spending

Wilson's revenue defensibility is supported by aggressive
enrollment growth with mixed demand indicators in a weaker market.
The college's expansion of program offerings, including adult
education and degree completion programs, improved demand following
a period of general decline. Spending related to this turnaround
has resulted in endowment draws well above sustainable levels in
recent years.

Operating Risk:: 'a'

Solid Cash Flow; Manageable Capital Needs

Operating cost flexibility is limited, with spending largely driven
by personnel for instruction and support of key programs. Fitch
considers capital spending needs to be moderate in the context of
consistent but limited donor support and the manageable level of
capital investment needed to sustain Wilson's unique program
offerings following recent capital investments.

Financial Profile:: 'bb'

Thin Balance Sheet Resources

Wilson's 'bb' financial profile assessment reflects relatively high
leverage relative to the moderate strength of the college's
business profile. AF levels have declined in recent years with high
levels of endowment spending for operations and investment in
facilities. Management is on track to reduce endowment spending in
fiscal 2020 and return to sustainable levels over the intermediate
term.

Asymmetric Additional Risk Considerations

No asymmetric additional risk considerations apply to Wilson's
rating.

RATING SENSITIVITIES

EXECUTE PLANNED IMPROVEMENTS: Wilson College is expected to meet
the 1.1x annual debt service coverage covenant in fiscal 2020, net
of supplemental endowment spending, and continue to grow
enrollment. Failure to achieve coverage targets or erosion of
balance sheet resources would likely result in a downgrade. Beyond
2020, a trend of sustained operating cash flow improvement, a
sustainable annual endowment draw, and steady AF levels could
warrant upward rating action.

CREDIT PROFILE

Wilson College, situated on 275 acres in Chambersburg, PA, was
founded as a women's college in 1869 by two Presbyterian ministers
with funds provided by Sarah Wilson. The college became
coeducational in fall 2013 and currently offers undergraduate
programs spanning 35 majors and 43 minors, as well as adult and
graduate programs. Wilson is accredited by the Middle States
Commission on Higher Education with additional recognition from the
accrediting bodies related to the college's various undergraduate
and graduate offerings.

REVENUE DEFENSIBILITY

Net tuition and fee revenues have doubled between fiscal years 2014
and 2019 with aggressive program and enrollment growth and modest
student performance indicators. However, investments to fund these
new programs have required endowment draw rates substantially above
sustainable levels.

Wilson's demand indicators reflect freshman acceptance rates
ranging from 42% to 56% in recent years and matriculation hovering
around 30%. The college is test-optional and retention rates have
varied in recent years, generally remaining below 75%. Wilson's
shift to coeducation and investment in varied undergraduate,
graduate, and non-traditional programs has resulted in significant
enrollment and net tuition revenue growth over the last five
years.

Wilson has benefited from recent demand for public school teachers
in Pennsylvania with significant growth in undergraduate, graduate,
and certification programs. Despite these inroads, traditional
undergraduate and graduate enrollment growth has been more modest
and demographic trends for the in-state market remain somewhat
weak. The college will need to remain responsive to market trends
to sustain enrollment performance. Over the intermediate term,
growth in specialized veterinary and therapy programs at the
undergraduate and graduate levels may offset some of this
cyclicality.

The college primarily draws students from central Pennsylvania and
northern Maryland, partly due to the establishment of articulation
agreements with Maryland community colleges and regional
recognition for veterinary programs at the undergraduate level.

The college's significant growth in distance learning and part time
programs for certification and degree completion has resulted in
revenue growth below the rate of FTE enrollment growth. Given that
Wilson has fully implemented these newer programs into its revenue
structure, Fitch expects the college to exercise a moderate level
of price flexibility going forward.

The greatest challenge to the college's revenue defensibility has
been its historically very high endowment spending rate. Draws from
endowment funds to support operations, capital improvements, and
principal and interest payments have averaged 15% in recent years.
Management is following through on its plan to reduce endowment
reliance substantially in fiscal 2020 by supporting debt service
payments from operating cash flow with further reductions planned
for fiscal 2021. Fitch views progress in this area as a credit
positive and successful implementation of these plans over the near
to intermediate term would likely improve the college's revenue
defensibility.

Wilson's other revenue streams, beyond student-generated revenues
and its endowment, remain quite limited. Donor support for
operations remains solid and there are early signs that gift income
may increase with more emphasis on developing corporate
partnerships, especially in strategic sectors. Fitch will continue
to monitor the college's progress in this area as it works to
improve financial sustainability.

OPERATING RISK

Wilson's operating risk assessment of 'a' reflects Fitch's
expectations for cash flow margins of around 10%, moderately below
historical levels as the college reduces its endowment spend rate
and aligns operating costs with student revenue growth. The
assessment is further supported by moderate capital spending
requirements, benefiting from recent investments in plant and a
record of solid donor support for necessary projects.

Cash flow margins have remained high in recent years at around 20%
due to the college's significant level of endowment reliance for
operations. Adjusting to a more sustainable endowment spend, cash
flow has historically been moderate, but has improved in recent
years to levels consistent with stronger expectations. Expense
growth has remained below revenue growth with management generally
targeting current year spending to budgetary revenue targets. Fitch
considers these margins unsustainable as the college reduces
endowment spending in the current year and near term. Fitch expects
moderate growth of non-endowment revenues and similar growth in
related expenses.

Capital spending requirements are moderate as the college completed
projects in fiscal 2019 and has the final large project - a $3
million veterinary sciences center - completed in fiscal 2020 and
no material capital plans for the intermediate term. Wilson has
received consistent moderate donor support for capital improvements
and major projects, including the veterinary center and a vehicular
bridge. The university's average age of plant ranged between 11 and
13 years through fiscal 2019, consistent with a manageable level of
lifecycle investment need.

FINANCIAL PROFILE

Fitch's base case analysis reflects consistent to improving cash
flow and a modestly declining trend of AF to adjusted debt over the
forward look remaining at or above 50%, somewhat below historical
levels and appropriate for the rating category. The scenario's
near-term leverage is consistent with fiscal 2019 results and
mid-year fiscal 2020 expectations. The base case assumes that the
college's enrollment and revenue growth strategy achieves some
success, stabilizing endowment draws at around 6% in the
intermediate term with modest growth in AF in the out years.

Fitch's stress case reflects a moderate and plausible economic
stress to Wilson's investment portfolio. The stress scenario
results in an initial investment decline of approximately 8%,
reflecting Wilson's fairly conservative asset allocation, with AF
to adjusted debt declining and remaining below historical levels
throughout the forward look. Likewise, the small and volatile
nature of the college's enrollment base is reflected in a revenue
stress, which further stresses AF to adjusted debt levels and cash
flow, still remaining at adequate levels for the assessment level.
Given the college's solid level of capital spending flexibility,
the stress case incorporates some expectation for scaling down
capital spending throughout the forward look.

Wilson's liquidity profile is neutral to the rating, as debt
service coverage levels and AF to operating expenses remain
adequate through both the base and stress cases.

In addition to the sources of information identified in Fitch's
applicable criteria specified, this action was informed by
information from Lumesis.

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.


YIPPIEKIYAY SYSTEMS: Feb. 19 Plan Confirmation Hearing Set
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Colorado convened a
hearing to consider the adequacy of the Disclosure Statement in
support of the Plan of Reorganization filed by Plan Proponent
Yippiekiyay Systems, Inc.

On Jan. 9, 2020, Judge Kimberley H. Tyson ordered that:

  * The Plan Proponent and all parties in interest may now solicit
acceptance or rejection of the Plan pursuant to 11 U.S.C. Sec.
1125.

  * Feb. 12, 2020, is the deadline for the holders of all claims or
interests to submit ballots accepting or rejecting the Plan.

  * Feb. 12, 2020, is the deadline to file any objection to
confirmation of the Plan.

  * Feb. 19, 2020, at 10:00 a.m. before the undersigned Judge in
the United States Bankruptcy Court is the hearing for consideration
of confirmation of the Plan for the District of Colorado, Courtroom
D, U.S. Custom House, 721 19th Street, Denver, Colorado;

  * If the Plan Proponent proposes to further amend or modify the
Plan in response to any objection, at least 3 business days prior
to the confirmation hearing the Plan Proponent shall file with the
Court and serve on all objecting parties a response which
specifically identifies any amendments(s) made in response to an
objection.

A full-text copy of the order dated Jan. 9, 2020, is available at
https://tinyurl.com/yx43rjpv from PacerMonitor.com at no charge.  

                    About Yippiekiyay Systems

Yippiekiyay Systems, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Colo. Case No. 19-10309) on Jan. 16,
2019. At the time of the filing, the Debtor was estimated to have
assets of less than $50,000 and liabilities of between $500,001 and
$1 million.  The case has been assigned to Judge Kimberley H.
Tyson.  Robert J. Shilliday, III, Esq., at Shilliday Law, P.C., is
the Debtor's legal counsel.


[^] BOOK REVIEW: Bankruptcy and Secured Lending in Cyberspace
-------------------------------------------------------------
Author: Warren E. Agin
Publisher: Bowne Publishing Co.
List price: $225.00
Review by Gail Owens Hoelscher

Red Hat Inc. finds itself with a high of 151 5/8 and low of 20 over
the last 12 months! Microstrategy Inc. has roller-coasted from a
high of 333 to a low of 7 over the same period! Just when the IPO
boom is imploding and high-technology companies are running out of
cash, Warren Agin comes out with a guide to the legal issues of the
cyberage.

The word "cyberspace" did not appear in the Merriam-Webster
Dictionary until 1986, defined as "the on-line world of computer
networks." The word "Internet" showed up that year as well, as "an
electronic communications network that connects computer networks
and organizational computer facilities around the world."

Cyberspace has been leading a kaleidoscopic parade ever since, with
the legal profession striding smartly in rhythm. There is no
definition for the word "cyberassets" in the current
Merriam-Webster. Fortunately, Bankruptcy and Secured Lending in
Cyberspace tells us what cyberassets are and lays out in meticulous
detail how to address them, not only for troubled technology
companies, but for all companies with websites and domain names.
Cyberassets are primarily websites and domain names, but also
include technology contracts and licenses. There are four types of
assets embodied in a website: content, hardware, the Internet
connection, and software. The website's content is its fundamental
asset and may include databases, text, pictures, and video and
sound clips. The value of a website depends largely on the traffic
it generates.

A domain name provides the mechanism to reach the information
provided by a company on its website, or find the products or
services the company is selling over the Internet. Examples are
Amazon.com, bankrupt.com, and "swiggartagin.com." Determining the
value of a domain name is comparable to valuing trademark rights.
Domain names can come at a high price! Compaq Computer Corp. paid
Alta Vista Technology Inc. more than $3 million for "Altavista.com"
when it developed its AltaVista search engine.

The subject matter covered in this book falls into three groups:
the Internet's effect on the practice of bankruptcy law; the ways
substantive bankruptcy law handles the impact of cyberspace on
basic concepts and procedures; and issues related to cyberassets as
secured lending collateral.

The book includes point-by-point treatment of the effect of
cyberassets on venue and jurisdiction in bankruptcy proceedings;
electronic filing and access to official records and pleadings in
bankruptcy cases; using the Internet for communications and
noticing in bankruptcy cases; administration of bankruptcy estates
with cyberassets; selling bankruptcy estate assets over the
Internet; trading in bankruptcy claims over the Internet; and
technology contracts and licenses under the bankruptcy codes. The
chapters on secured lending detail technology escrow agreements for
cyberassets; obtaining and perfecting security interests for
cyberassets; enforcing rights against collateral for cyberassets;
and bankruptcy concerns for the secured lender with regard to
cyberassets.

The book concludes with chapters on Y2K and bankruptcy; revisions
in the Uniform Commercial Code in the electronic age; and a
compendium of bankruptcy and secured lending resources on the
Internet. The appendix consists of a comprehensive set of forms for
cyberspace-related bankruptcy issues and cyberasset lending
transactions. The forms include bankruptcy orders authorizing a
domain name sale; forms for electronic filing of documents;
bankruptcy motions related to domain names; and security agreements
for Web sites.

Bankruptcy and Secured Lending in Cyberspace is a well-written,
succinct, and comprehensive reference for lending against
cyberassets and treating cyberassets in bankruptcy cases.



                            *********

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
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Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
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the definitive compilation of stocks that are ideal to sell short.
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equity securities trade in public market are determined by more
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Each Friday's edition of the TCR includes a review about a book of
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Monthly Operating Reports are summarized in every Saturday edition
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The Sunday TCR delivers securitization rating news from the week
then-ending.

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