/raid1/www/Hosts/bankrupt/TCR_Public/200701.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, July 1, 2020, Vol. 24, No. 182

                            Headlines

1234 PACIFIC: Unsecured Creditors to Get 28% of Allowed Claims
1465V DONHILL: Case Summary & 10 Unsecured Creditors
A & J CONSTRUCTION: Case Summary & 20 Largest Unsecured Creditors
ADVANCED GREEN: Unsecureds Will Get 9.0743% of Common Units
ALAMO BUS: District Objects to Disclosure Statement

ALBERTSONS INC: S&P Lowers Safeway, NALP Notes Ratings to 'B-'
ALCOA CORP: S&P Alters Outlook to Negative, Affirms 'BB+' ICR
AMERICAN CENTER: Clearstream Share Shall be Used for Funding
AMISH FARMERS: July 13 Hearing on Disclosure Statement
APC AUTOMOTIVE: Sponsors Not Participating in Term DIP Facility

APODACA ENTERPRISES: July 20 Hearing on Plan & Disclosures
ASHLAND GLOBAL: S&P Alters Outlook to Negative, Affirms 'BB+' ICR
ATLANTIC HOUSING: S&P Cuts Housing Revenue Bond Rating to 'BB'
BOUNCE FOR FUN: Hires Eric A. Liepins as Counsel
BRITTMOORE SS INVESTMENT: Hires Mr. Brickley of Claro as CRO

CARLOS ROBLES: Unsecureds to Get 5% Recovery in Plan
CAROLINA INTERNATIONAL SCHOOL: S&P Reinstates BB+ Rev. Bond Rating
CAV INC: U.S. Trustee Unable to Appoint Committee
CEC ENTERTAINMENT: S&P Lowers ICR to 'D' on Chapter 11 Filing
CENTURION PIPELINE: Fitch Affirms BB- LT IDR, Outlook Stable

CHISHOLM OIL: Hires Omni as Claims and Noticing Agent
CHOICE ONE: Unsecureds Will Get 10% of Their Claims
CINEMEX USA: Committee Hires Berger Singerman as Co-Counsel
CINEMEX USA: Committee Hires Pachulski Stang as Legal Counsel
CLEARWAY ENERGY: S&P Alters Outlook to Stable, Affirms 'BB' ICR

CLOVER ON YONGE: Gets Initial Stay Order Under CCAA
CONSOL ENERGY: S&P Downgrades ICR to 'B-' on Weaker Profitability
CR COMMERCIAL: Court Confirms Plan
CSM BAKERY: S&P Raises ICR to 'CCC+' on Debt Maturities' Extension
DELIVER BUYER: S&P Alters Outlook to Stable on Improved Liquidity

DISH DBS: S&P Rates New $1BB Senior Unsecured Notes Due 2028 'B-'
DREAM BIG RESTAURANTS: TD Bank Objects to Disclosure Statement
ELITE INFRASTRUCTURE: Hires Furuseth Olson as Special Counsel
ENSONO LP: S&P Rates First-Lien Incremental Term Facility 'B'
ESSEQUIBO HOLDINGS: Court Approves Disclosure Statement

EYECARE PARTNERS: Moody's Lowers CFR to Caa1, Outlook Stable
FIBERCORR MILLS: Hires Anthony J. Degirolamo as Counsel
GABRIEL INVESTMENT: Reorganized Debtor Holds all Assets, Licenses
GAINESVILLE ROAD: U.S. Trustee Unable to Appoint Committee
GALILEO LEARNING: Committee Hires Levene Neale as Counsel

GANDYDANCER LLC: Seeks to Hire Carr Riggs as Accountant
GARDA WORLD: S&P Alters Outlook to Negative, Affirms 'B' ICR
GNC HOLDINGS: S&P Cuts ICR to 'D' on Chapter 11 Bankruptcy Filing
GOLDEN STATE: Moody's Hikes CFR to B2, Outlook Stable
H-BAY MINISTRIES: S&P Cuts 2018A Senior Living Bond Rating to 'B+'

HANKEY O'ROURKE: Wants Until Aug. 10 to File Plan & Disclosures
HERTZ GLOBAL: S&P Discontinues Ratings on Chapter 11 Filing
JB AND COMPANY: Court Approves Disclosure Statement
JB AND COMPANY: Court Confirms Reorganization Plan
K & L TRAILER: Voluntary Chapter 11 Case Summary

K&L TRAILER LEASING: Voluntary Chapter 11 Case Summary
KISCO HEALTH: Gets Court Approval to Hire Bankruptcy Attorney
KISCO HEALTH: Seeks to Hire Grenier Lender as Accountant
KLAUSNER LUMBER TWO: U.S. Trustee Appoints Creditors' Committee
LAKEWAY PUBLISHERS: Unsecureds Will be Paid in Full

LIBBEY INC: S&P Withdraws 'D' Issuer Credit Rating
LUMASTREAM INC: Wants Until Sept. 1 to File Plan & Disclosures
MAXAR TECHNOLOGIES: S&P Rates New $150MM Senior Secured Notes 'B'
MITCHELL TOPCO: S&P Rates $675MM First-Lien Add-On 'B-'
MKJC AUTO GROUP: Hires Shafferman & Feldman as Legal Counsel

MLF CONSULTING: Seeks to Hire Latham Luna as Counsel
MOORE TRUCKING: Seeks to Hire John Empson as Accountant
MOTORS LIQUIDATION: Bankruptcy Court Wants Buchanan Suit Revised
MOUNTAIN STATES: Seeks to Hire SLBiggs as Accountant
NORTHERN PULP: To Restructure Under CCAA Proceedings

NV HOMESTEAD: S&P Lowers 2018 Bond Rating to 'CCC'; Outlook Neg.
OCCIDENTAL PETROLEUM: S&P Rates Senior Unsecured Debt 'BB+'
OLD TIME POTTERY: Case Summary & 30 Largest Unsecured Creditors
OMNI BAY: July 8 Hearing on Disclosure Statement
ORANGE COUNTY BAIL: Files Amended Disclosure Statement

PATSY MCGIRL: Hires Margaret M. McClure as Attorney
PQ CORP: S&P Assigns 'BB-' Rating on New $650MM Term Loan B
PSYCHAMERICA BEHAVIORAL: Unsecureds to Get $25,000 in Plan
PURDUE PHARMA: Committee Hires Bedell Cristin as Special Counsel
PURPLE LINE TRANSIT: S&P Cuts Revenue Bond Rating to 'CCC'

PYXUS INTERNATIONAL: U.S. Trustee Unable to Appoint Committee
QUARTER HOMES: Hires A&M Management as Real Estate Broker
REALT 2019-1: DBRS Confirms B Rating on Class G Certs
RITE AID: Moody's Assigns Caa1 Rating to New Secured Notes
RUBIE'S COSTUME: Hires Kurtzman Carson as Administrative Advisor

SHUTTERFLY INC: S&P Downgrades ICR to 'B-' on Revenue Declines
SPECTRUM BRANDS: S&P Rates New $600MM Revolver Due 2025 'BB-'
SPIRIT AEROSYSTEMS: S&P Cuts ICR to 'B+'; Outlook Stable
SPIRIT AIRLINES: S&P Lowers ICR to 'B' on Travel Demand Decline
STA VENTURES: Seeks to Hire Magaro & Conine as Accountant

STANFORD JONES: Unsecureds to Get $5,161 Over Five Years
STONERIDGE INC: S&P Downgrades ICR to 'B+'; Outlook Negative
TEMPLAR ENERGY: Unsecureds Will Get Nothing Under Plan
TEVOORTWIS DAIRY: Court Granted Preliminary Approval on Disclosures
THEE OLDE PLACE: Gets Court Approval to Hire Bankruptcy Attorney

TIMMAJ INC: Unsecureds to Get 10% Distribution Under Plan
TRANSPLACE HOLDINGS: S&P Alters Outlook to Stable, Affirms B- ICR
TRENT RIVER: Unsecureds to Get Installments Until Paid in Full
UNITED METHODIST: Aug. 13 Hearing on Disclosure Statement
VCHP NEPTUNE: Hires Matranga & Company as Tax Preparer

VISTA PROPPANTS: Trinity Industries Appointed as Committee Chair
W&T OFFSHORE: S&P Cuts ICR to 'SD' on Discounted Debt Repurchases
WESTERN ALLIANCE BANK: S&P Withdraws 'BB+' Sub Debt Rating
YIPPIE DOODLE: Unsecureds get 50% net Profit for Previous Year
YOUNG SMILES: Court Conditionally Approves Disclosure Statement


                            *********

1234 PACIFIC: Unsecured Creditors to Get 28% of Allowed Claims
--------------------------------------------------------------
1234 Pacific Management LLC, submitted a Plan and a Disclosure
Statement.

Since the goal is for the Debtor to retain the Property, first, the
Debtor is currently pursuing a Refinancing.  Indeed, the Debtor
remains confident it can timely close on the Refinancing,
notwithstanding the intervening Covid-19 crisis.  Under both
funding scenarios general creditors will receive a pro rata
distribution from a pool of $25,000, while all administrative and
real estate tax claims are also paid in full, except that in the
event the Debtor is unsuccessful in obtaining the Refinancing and
the Plan toggles to the First Mortgagee where the Debtor's counsel
has agreed to cap its request for compensation at $50,000 plus
expenses.  In all other respects, however, the First Mortgagee's
funding obligations mirror those of the Debtor.

Class 2 consists of the Mortgage Claim of the First Mortgagee in
the amount of at least $7,726,206.00 (as of September 30, 2019)
which has since been compromised by the Settlement.  The claim will
be treated in either scenario:

   * Scenario No. 1 Treatment: On or before August 31, 2020, the
First Mortgagee shall receive an amount equal to the agreed
discounted payoff pursuant to the Settlement in the sum of
$4,891,667 from the proceeds of the Refinancing.

   * Scenario No. 2 Treatment: In the event that the Refinancing
does not occur on or before August 31, 2020, the provisions of
Section 6 of the Settlement are triggered and become effective,
whereupon the First Mortgagee shall then fund all distributions
required under the Plan as provided in the Settlement, in exchange
for receiving title to the Property pursuant to Section 5.3 of the
Plan and the terms of the Settlement. Class 2 is impaired.

Class 3 consists of the claim of Gloria Malcolm, who held a
judgment lien in the amount of $852,118.  Malcolm will receive
payment in the sum of $441,667 (plus any accrued interest at 4.5%
per annum from May 31, 2020) from either the Refinancing under
Scenario No. 1 or from the First Mortgagee under Scenario No. 2 in
full settlement, release, and discharge of her claim and lien which
has been reduced to a judgment against the Debtor.  Class 3 is
impaired.

Class 4 consists of the claim of Orlaine Edwards in the sum of
$50,000. Edwards shall receive payment in the sum of $29,272 (plus
any accrued interest at 4.5% per annum from May 31, 2020) from
either the Refinancing under Scenario No. 1 or from the First
Mortgagee under Scenario No. 2 in full settlement, release, and
discharge of the judgment against the Debtor.  Class 4 is
impaired.

Class 5 consists of General Unsecured Claims in the total amount of
$88,614, including ECB violations.  Each holder of an Allowed
General Unsecured Claim shall receive its Pro Rata Share of the
$25,000 General Creditor Fund.  The pro rata distribution to Class
5 claims will total approximately 28% based upon allowed General
Unsecured Claims of $88,614. The IRS has filed a General Unsecured
Claim of $1,902 for interest and penalties based upon the 2007
partnership return.  If the claim is valid, then distribution to
the Class 5 creditors shall be reduced by 1 percent. Class 5 is
impaired.

From the Debtor's perspective, the Plan will be implemented and
funded through the Refinancing.

The Bankruptcy Court has scheduled a combined hearing pursuant to
Sections 105 and 1128 of the Bankruptcy Code to consider both final
approval of this Disclosure Statement and confirmation of the Plan
on the same day and time, to wit, July 28, 2020 at 11:00 a.m.,
prevailing Eastern Time.

A full-text copy of the Disclosure Statement dated June 3, 2020, is
available at https://tinyurl.com/yabk8gp6 from PacerMonitor.com at
no charge.

Attorneys for the Debtor:

     Kevin J. Nash, Esq.
     Goldberg Weprin Finkel Goldstein LLP
     1501 Broadway, 22nd Floor
     New York, NY 10036

                  About 1234 Pacific Management

1234 Pacific Management LLC's sole asset is the property located at
1232-1234 Pacific Street, Brooklyn, New York 11218 (Block 1206, Lot
28).  The property consists of 12 one-bedroom residential apartment
units and 24 two-bedroom residential apartment units.

1234 Pacific Management filed a Chapter 11 petition (Bankr.
E.D.N.Y. Case No. 19-40026) on Jan. 3, 2019.  In the petition
signed by Isaac Schwartz, managing member, the Debtor disclosed
$6,000 in assets and $4,611,272 in liabilities.  Judge Nancy
Hershey Lord oversees the case.  KRISS & FEUERSTEIN LLP is the
Debtor's counsel.


1465V DONHILL: Case Summary & 10 Unsecured Creditors
----------------------------------------------------
Debtor: 1465V Donhill Drive, LLC
        9430 Lurline Avenue
        Chatsworth, CA 91311

Business Description: 1465V Donhill Drive is a Single Asset Real
                      Estate (as defined in 11 U.S.C. Section
                      101(51B)) whose principal assets are located
                      at 1465 Donhill Drive, Beverly Hills, CA
                      90210.

Chapter 11 Petition Date: June 29, 2020

Court: United States Bankruptcy Court
       Central District of California

Case No.: 20-11138

Judge: Hon. Victoria S. Kaufman

Debtor's Counsel: Jonathan M. Hayes, Esq.
           RESNIK HAYES MORADI, LLP
                  17609 Ventura Blvd.
                  Ste. 314
                  Encino, CA 91316
                  Tel: (818) 285-0100
                  E-mail: jhayes@rhmfirm.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Chandu Vanjani, managing member.

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

                       https://is.gd/1etvRa

List of Debtor's 10 Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Albert Fuentes                                             $750
7760 Clearfield Ave
Panorama City, CA 91402

2. Crest Real Estate                                        $4,841
11150 Olympic Blvd.
Los Angeles, CA 90064

3. David Schwartz                                          $16,000
1255 Club View Driv
Los Angeles, CA 90024

4. LA DWP                                                   $1,000
P.O. Box 308008
Los Angeles, CA 90030-0808

5. LC Engineering Group Inc.                                $3,330
889 Pierce Court, #101
Thousand Oaks, CA 91360

6. Pacific Precision                                      $151,000
Laboratories Inc.
9430 Lurline Ave
Chatsworth, CA 91311

7. So Cal Gas                                                 $200
PO Box 653
Monterey Park, CA
91754-0653

8. South Bay Acceptance Corp                                $1,186
P.O. Box 639299
Cincinnati, OH
45263-9299

9. Spectrum                                                   $200
PO Box 60074
City of Industry, CA 91716

10. VEA Architects                                         $21,327
16987 Encino Hills Drive
Encino, CA 91436


A & J CONSTRUCTION: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: A & J Construction Management, LLC
        1503 W Emma Ave
        Springdale, AR 72764-4110

Business Description: A & J Construction Management is a privately
                      held company in industrial building
                      construction industry.

Chapter 11 Petition Date: June 29, 2020

Court: United States Bankruptcy Court
       Western District of Arkansas

Case No.: 20-71501

Debtor's Counsel: David G. Nixon, Esq.
                  THE NIXON LAW FIRM
                  4100 Wagon Wheel Rd
                  Springdale, AR 72762-0138
                  Tel: (479) 582-0020
                  Email: david@nixonlaw.com

Total Assets: $2,785,493

Estimated Liabilities: $1,700,539

The petition was signed by Jeffrey Mann, managing member.

A 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/y56zfz


ADVANCED GREEN: Unsecureds Will Get 9.0743% of Common Units
-----------------------------------------------------------
Advanced Green Innovations, LLC; ZHRO Solutions, LLC; and ZHRO
Power, LLC, submitted a Plan and a Disclosure Statement.

Class 5 General Unsecured Claims are impaired.  Holders of Class 5
Claims will agree to subordinate their claims, on a consensual
basis, to the holders of Allowed Class 6 Claims.  The Class 5
Claims will be satisfied by the issuance to holders of such Allowed
Claims of Common Units equal to such holder's pro rata percentage
share of the 9.0743% of the issued and outstanding Common Units of
Reorganized AGI as of the Effective Date allocated to all unsecured
creditors which convert in Classes 5, 7, 8, 9B, and 11, in full
satisfaction of such Allowed Claim.  In addition, holders of
Allowed Class 5 Claims will receive that number of New Warrants
that is equal to the number of Common Units issued to such holder
on account of its Allowed Class 5 Claim.  The Debtors believe Class
5 Allowed Claims will total approximately $3,295,768.

Class 7 Operating Unsecured Loan Claims are impaired.  The Class 7
Claims will be satisfied by the issuance to holders of such Allowed
Claims of Common Units equal to such holder's pro rata percentage
share of the 9.0743% of the issued and outstanding Common Units of
Reorganized AGI as of the Effective Date allocated to all unsecured
creditors which convert in Classes 5, 7, 8, 9B, and 11, in full
satisfaction of such Allowed Claim. In addition, holders of Allowed
Class 7 Claims will receive that number of New Warrants that is
equal to the number of Common Units issued to such holder on
account of its Allowed Class 7 Claim.

Class 8 DA Claims are impaired.  The Class 8 Claims will be
satisfied by the issuance to holders of such Allowed Claims of
Common Units equal to such holder's pro rata percentage share of
the 9.0743% of the issued and outstanding Common Units of
Reorganized AGI as of the Effective Date allocated to all unsecured
creditors which convert in Classes 5, 7, 8, 9B, and 11, in full
satisfaction of such Allowed Claim.  The Debtors will release their
rights to any DA Equity to the distributor which issued it and
release any right, title and interest, including the right to
receive profits in such distributor and any rights or protections
under the distributor's organizational documents. In addition,
holders of Allowed Class 8 Claims will receive that number of New
Warrants that is equal to the number of Common Units issued to such
holder on account of its Allowed Class 8 Claim.

Class 9A Fraud Claims are impaired.  The holders of the Class 9A
Fraud Claims will be satisfied by the issuance to holders of such
Allowed Claims of a pro rata portion of Common Units totaling
0.7174% of the issued and outstanding Common Units of Reorganized
AGI as of the Effective Date in full satisfaction of such Allowed
Claim. In addition, holders of Allowed Class 9A Claims will receive
that number of New Warrants that is equal to the number of Common
Units issued to such holder on account of its Allowed Class 9A
Claim.

Class 9B Securities Fraud/Damage Rescission Claims are impaired.
Class 9B Claims will be satisfied by the issuance to holders of
such Allowed Claims of Common Units equal to such holder's pro rata
percentage share of the 9.0743% of the issued and outstanding
Common Units of Reorganized AGI as of the Effective Date allocated
to all unsecured creditors which convert in Classes 5, 7, 8, 9B,
and 11, in full satisfaction of such Allowed Claim.  The Debtors
will release any DA Equity to the distributor which issued it and
release any right, title and interest, including the right to
receive profits in such distributor and any rights or protections
under the distributor's organizational documents.  In addition,
holders of Allowed Class 9B Claims will receive that number of New
Warrants that is equal to the number of Common Units issued to such
holder on account of its Allowed Class 9B Claim.

3(f) Significant Recent Events

On May 20, 2020, counsel for the Debtors and counsel for the AHC
received a letter (the "Losch Letter") from Mr. Philip J. Giles
acting as counsel for each of Kenneth and Lori Losch, Dual Fuel,
LLC and Cochise Investments, LLC (collectively, identified therein
as the "Defendants"). Through the Losch Letter, the Defendants
asserted various statements and allegations, including assertions
that the Disclosure Statement omitted alleged material statements
as identified in the Losch Letter.  Counsel for the Debtors and
Counsel for co-proponents AHC and CH4 each separately responded to
the Losch Letter (the "Responses"). As further articulated in the
Responses, the Plan Proponents dispute the false statements and
accusations set forth in the Losch Letter. Although the Plan
Proponents vehemently disagree with the allegations made by Losch
in the Losch Letter, in the interest of full disclosure, the Plan
Proponents attach the Losch Letter and Responses to this Discloser
Statement as Appendix 9.

Leading up to the hearing to consider the adequacy of the
Disclosure Statement, the Plan Proponents continued to negotiate
with the Committee concerning elements of the Plan.  The Committee
negotiations resulted in the Committee successfully negotiating
additional warrants for their constituency, related reporting
requirements and certain tag-along rights for Common Unit holders
as more specifically set forth in the form of reorganized Debtors'
operating agreement as attached to the Plan Supplement.
Specifically, holders of Allowed Claims in Classes 5, 7, 8, 9A and
9B will receive one New Warrant for each Common Unit issued to such
holder on the Effective Date.  Each New Warrant is exercisable for
one Common Unit at a purchase price of $0.05 per Common Unit.  The
New Warrants are non-transferable and must be exercised within 30
days following the Reorganized AGI's enhanced reporting at the end
of the first and second full Calendar Quarters following the
Effective Date.  In addition, in response to the Committee's
efforts, the reorganized Debtors have agreed to provide all Common
Unit holders with enhanced reporting for the first two full
Calendar Quarters during the New Warrant exercise period. The
enhanced reporting shall be made available to Common Unit holders
within 30 days following the end of each of the first two full
Calendar Quarters following the Effective Date and shall consist of
the following:

   a. Financials prepared by the Reorganized AGI for each such
Calendar Quarter including:

      i. P&L;
     ii. Statement of Cash Flow; and
    iii. Balance Sheet

   b. An executive summary of the status of business operations
including:

      i. A factual summary of the performance of the company during
the Calendar Quarter ended, including a description of contracts
secured, expired, and cancelled; and

     ii. A projection of anticipated cash flow for the next
Calendar Quarter.

A full-text copy of the Disclosure Statement dated June 3, 2020, is
available at https://tinyurl.com/y86ltb5g from PacerMonitor.com at
no charge.

Attorneys for Ad Hoc Committee of Creditors:

     Thomas J. Salerno
     Alisa C. Lacey
     Christopher C. Simpson
     STINSON LLP
     1850 N. Central Avenue, Suite 2100
     Phoenix, Arizona 85004-4584
     Tel: (602) 279-1600
     Fax: (602) 240-6925
     E-mail: thomas.salerno@stinson.com
             alisa.lacey@stinson.com
             christopher.simpson@stinson.com

Attorney for the Debtors:

     Law Offices of
     MICHAEL W. CARMEL, LTD.
     80 East Columbus Avenue
     Phoenix, Arizona 85012-2334
     Telephone: (602) 264-4965
     Facsimile: (602) 277-0144
     E-mail: Michael@mcarmellaw.com

               About Advanced Green Innovations

Advanced Green Innovations LLC and its subsidiaries are clean
energy companies developing and commercializing an array of green
technologies.

Advanced Green Innovations, LLC, ZHRO Power, LLC, and ZHRO
Solutions, LLC sought Chapter 11 protection (Bankr. D. Ariz. Case
No. 19-11766, 19-11768, and 19-11771) on Sept. 16, 2019.

In the petitions signed by Terry Kennon, president, Advanced Green
and ZHRO Solutions were each estimated to have up to $50,000 in
assets and $1 million to $10 million in liabilities.  ZHRO Power
was estimated to have up to $50,000 in assets and $10 million to
$50 million in liabilities.

The Debtors tapped Michael W. Carmel, Ltd. as their bankruptcy
counsel; and Jaburg & Wilk, P.C. as their special counsel.

CH4 Power, LLC, the DIP Lender, and the ad hoc committee of
creditors are represented by Stinson LLP.

The Office of the U.S. Trustee appointed creditors to serve on the
official committee of unsecured creditors on Oct. 28, 2019.


ALAMO BUS: District Objects to Disclosure Statement
---------------------------------------------------
Alamogordo Public Schools objects to final approval of the Alamo
Bus Company, Inc.'s Disclosure Statement.

The District objects to the Disclosure Provision in Article II
Section D which provides that "The Debtor attempted to surrender
and turn over to APS the school buses which were secured to APS,
but APS would not accept the school buses" as an incorrect
statement of fact.

Attorneys for creditor Alamogordo Public Schools:

     Patricia Salazar Ives
     Heather Travis Boone
     CUDDY & McCARTHY, LLP  
     1701 Old Pecos Trail
     Santa Fe, New Mexico 87505
     Tel: (505) 988-4476
     Fax: 888-977-3814
     E-mail: pives@cuddymccarthy.com
             hboone@cuddymccarthy.com

                      About Alamo Bus Co.

Alamo Bus Company Inc., a transportation services provider in
Alamogordo, N.M., filed a petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. D.N.M. Case No. 19-11568) on June 28,
2019.  In the petition signed by Brent Buttram, president and
director, the Debtor disclosed $1,400,621 in assets and $1,267,336
in liabilities.  The case is assigned to Judge David T. Thuma.
Chris W. Pierce, Esq., at Walker & Associates, P.C., is the
Debtor's counsel.


ALBERTSONS INC: S&P Lowers Safeway, NALP Notes Ratings to 'B-'
--------------------------------------------------------------
S&P Global Ratings lowered its issue-level ratings on Albertsons
Inc.'s Safeway and New Albertsons LP (NALP) notes to 'B-' with a
'6' recovery rating, indicating its expectation for negligible
recovery to lenders (0%-10%; rounded estimate: 0%).

S&P's Albertsons issuer credit rating (B+/Stable/--) and all other
Albertsons issues-level ratings remain unchanged. The ratings on
the Safeway notes had been 'BB-' with a '2' recovery rating,
indicating S&P's expectation of 70%-90% recovery; and the ratings
on the NALP notes had been 'B+' with a '3' recovery rating,
indicating S&P's expectation of 50%-70% recovery.

The company priced an initial public offering and previously issued
$1.75 billion in convertible preferred equity to Apollo Global
Management Inc., using proceeds to redeem shares of existing
Albertsons common stock. Upon conversion, preferred investors would
own 17.5% of Albertsons, assuming a $10 billion equity valuation
for the company. S&P treats the proposed preferred shares as debt
under its criteria.

At transaction close, Albertsons will contribute a real estate
portfolio appraised at $2.9 billion (out of $11.2 billion in total
real estate) into newly formed special purposes entities under a
Safeway Inc. unrestricted subsidiary that secures the preferred
equity. It is partly this transfer of real estate that leads to
S&P's downgrade of the Safeway and NALP notes.

Albertsons priced a downsized $800 million IPO. The company will
not use the proceeds of this secondary offering for debt reduction.
As a result, S&P Global Ratings' expects lease-adjusted leverage
for fiscal 2020 to remain in the mid-5x area given solid
operational execution and a moderate increase in debt following the
preferred share transaction.

S&P acknowledges a high degree of uncertainty about the evolution
of the coronavirus pandemic. The consensus among health experts is
that the pandemic may now be at, or near, its peak in some regions
but will remain a threat until a vaccine or effective treatment is
widely available, which may not occur until the second half of
2021. S&P is using this assumption in assessing the economic and
credit implications associated with the pandemic. As the situation
evolves, S&P will update its assumptions and estimates
accordingly.

Environmental, social, and governance (ESG) credit factors for this
credit rating change:

-- Health and safety

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors:

-- S&P takes into consideration $2.9 billion in real estate assets
transferred to unrestricted subsidiaries that secure preferred
equity, and consider any residual value unencumbered and available
to satisfy Albertsons Cos. Inc.'s (ACI's) guaranteed unsecured
senior notes after it repays the asset-backed lending (ABL)
facility. S&P does not estimate any residual value after these are
repaid that would indirectly flow up to unsecured debt holders.

-- The Safeway and NALP notes do not benefit from the subsidiary
and parent guarantees that the ACI notes have.

-- S&P's simulated default scenario contemplates that cash flow
problems due to an economic downturn, combined with new competitors
stepping up their entry into the company's markets, lead to a
significant decline in ACI's revenue and profitability.

-- S&P estimates a gross recovery value of $11.6 billion, taking
into consideration the going-concern valuation of the business
operations of $4.7 billion and the value of its real estate at $6.9
billion. The rating agency's going-concern valuation assumes an
emergence EBITDA of $947 million (net of $586 million in assumed
additional rent expense if the company did a sale leaseback on its
owned real estate).

-- For the owned real estate properties, S&P bases its valuation
on $586 million in estimated rent income (assuming triple net lease
contracts), to which it applies an 8.05% capitalization rate.

Simulated default assumptions:

-- Simulated year of default: 2024

-- Business going-concern valuation: $4.7 billion

-- EBITDA at emergence: $947 million

-- EBITDA multiple: 5.0x

Real estate valuation:

-- Implied rent income: $586 million

-- Capitalization rate: 8.05%

Simplified waterfall:

-- Net enterprise value (after administrative costs): About $11.0
billion

-- Less: Priority Claims (ABL revolver outstanding and mortgage
debt): $1.9 billion

-- Net available to ACI unsecured notes: $9.3 billion

-- Aggregate ACI unsecured senior note debt: $7.4 billion

-- Other unsecured obligations: $497 million

-- Recovery expectations on ACI Unsecured Notes: Capped at
70%-90%; rounded estimate: 85% (capped at '2' recovery rating)

-- No net residual value available to Safeway and NALP unsecured
senior notes

-- Aggregate principal outstanding at Safeway and NALP: $1.2
billion

-- Recovery expectations: 0%-10%; rounded estimate: 0%

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


ALCOA CORP: S&P Alters Outlook to Negative, Affirms 'BB+' ICR
-------------------------------------------------------------
S&P Global Ratings revised its outlook on Alcoa Corp. to negative
from stable and affirmed all its ratings, including its 'BB+'
issuer credit rating.

S&P estimates Alcoa's EBITDA will decline by 15%-20% in 2020
following the steep 70% decline it reported in 2019, which
highlights the company's volatile credit measures. The rating
agency forecasts that an $850 million-$950 million decline in the
company's EBITDA in 2020 could increase its adjusted debt leverage
toward 4x during the year from 2x as of the end of 2019. S&P's
aluminum price assumption of $1,700 per tonne (/t) is higher than
the current spot price of about $1,600/t, which could lead Alcoa to
report even weaker earnings and leverage measures in 2020 if the
aluminum price remains at this level. The company faces at least
several quarters of continued market disruption because of the
built-up inventory levels at various points in the aluminum supply
chain due to the almost unabated level of commodity production in
China during the January-March wave of the outbreak. This took
place against a backdrop of sharply declining demand in various
segments due to the pandemic, worsening difficulties in the
aerospace sector, and a synchronized downturn in heavy industries
around the world. Moreover, Alcoa continues to review its assets
and organizational structure, which should yield some cost savings
and cash proceeds, though S&P also anticipates some restructuring
costs that reduce its adjusted EBITDA for ratio calculations.

The company's free operating cash flow (FOCF) should protect its
balance sheet in 2020. Even during these trough market conditions,
S&P expects Alcoa to generate positive FOCF in 2020 unless aluminum
prices decline by another 15%-20%, which appears unlikely given
that prices are already below breakeven for most of the global
primary aluminum producers. However, continuing weakness through
2021 would slow the company's working capital release while capital
expenditure needs could increase after several years of restrained
spending. S&P expects Alcoa to generate about $200 million-$300
million of FOCF in 2020, which is a key support for the current
rating.

The company's large cash balances and moderate debt burden provide
it with some cushion in its liquidity and financial position. Alcoa
has significantly strengthened its credit profile in recent years,
which should provide a buffer to maintain the current rating for a
year or two amid the ongoing downturn. The company has used its
good cash flow since separating from Arconic Inc. in late 2016 to
restructure its operations, contribute to and freeze some pension
obligations, and build large cash balances. Alcoa's moderate debt
load of about $1.8 billion and cash of $829 million as of March 31,
2020, underpin its good financial flexibility. Even with the sharp
deterioration in its profit and cash flow, S&P believes the
company's recent measures to lower its costs and improve its
earnings stability, along with its non-core asset sales, should
slow any further deterioration in its credit profile.

The negative outlook reflects the risk that Alcoa's credit measures
will remain elevated beyond 2020 if market conditions do not
improve, which S&P believes would strain its cash flow in this
capital-intensive industry.

S&P could lower its ratings on Alcoa if:

-- Its adjusted debt to EBITDA remains about 4x for more than a
year, which could occur due to a combination of persistently weak
earnings or increased pension obligations; and

-- The company generates negative FOCF and incurs additional debt
in 2020 because of unexpectedly worse market conditions.

S&P could revise its outlook on Alcoa to stable if:

-- It improves its adjusted debt to EBITDA to about 3x in 2021,
mostly likely due to a quick recovery in aluminum market
conditions, although it could also use the proceeds from its
non-core asset sales to deleverage; and

-- The company's FOCF generation remains positive through this
downturn, which should enable it to continue funding its large
pension contributions while streamlining its business.


AMERICAN CENTER: Clearstream Share Shall be Used for Funding
------------------------------------------------------------
American Center for Civil Justice, Inc., a New York Corporation,
has proposed a reorganization plan.

The plan provides for the payment of creditors from the assets of
Debtor on or about the Effective Date, and for the continued
operation of the Debtor. The Effective Date of the proposed Plan is
the date on which the conditions enumerated in the Plan have been
fulfilled.

Class 3 Unsecured Claims held by creditors who are not Insiders.
This class is impaired. This Class includes the following:

    A. The Claims of the Campuzano Claimants (Diana Campuzano, Avi
Elishis, and Gregg Salzman). The claims of the Campuzano Claimants
will be allowed as unsecured claims in the aggregate amount of
$13,500,000 (of which $500,000 has already been advanced to Diana
Campuzano and $250,000 has already been advanced to Avi Elishis,
the "Preconfirmation Advances") to be distributed, inclusive of the
Preconfirmation Advances, as follows: (i) to Diana Campuzano,
$5,746,078; to Avi Elishis, $3,708,316; to Gregg Salzman,
$3,295,608, and will be paid in full on the Effective Date.

    B. The Claims of the following Professionals who are not
Insiders and who provided Prepetition services to Claimants or to
the Debtor (the "Prepetition Professionals").  The claims of the
Prepetition Professionals will be allowed in the amounts set forth
in the second column of this table and shall be paid in full on the
Effective Date.

    C. The Claims of the Welch Claimants.  The Claims in the Class
will be allowed in the aggregate amount of $355,000, to be
distributed as follows: (i) to Gerard Welch, $88,750; (ii) to
Michael Welch, $88,750; and (iii) to Betty Ann Welch, $177,500, and
will be paid in full on the Effective Date.

    D. The Claims of the Brewer Claimants. The Claims in this Class
shall be allowed in the aggregate amount of $340,000, to be
distributed as follows: (i) to Joyce Brewer, $89,474; and (ii) to
Richard Brewer, $250,526.32, and pro rata based upon the amounts of
the filed proofs of claim filed by or on behalf of each of the
Brewer Claimants and will be paid in full on the Effective Date.

    E. The Claim of Joshua Ambush. The Claims of Joshua Ambush were
disputed and were disallowed in their entirety by Order of the
Bankruptcy Court entered March 23, 2020, and Ambush will be paid
nothing.

Class 4 Claims of Insiders Eliezer Perr and Neal Sher are impaired.
Claims in this Class will be subordinated to all other Allowed
Claims and shall be paid in full but only after all other Allowed
Claims in other classes have been paid in full.

Class 5 The RLT Claim is impaired. Claims in this Class shall be
subordinated to all other Allowed Claims and may be paid in full
but only after all other Allowed Claims in other classes have been
paid in the full amount to which they are to be paid under the
Plan, or with respect to any Claim that is disputed, the amount of
the Claim is held by the Disbursing Agent pursuant to Section
III.D. of the Plan.

Class 6 Claim of Michael Engelberg.  This class is impaired.  The
treatment of the Engelberg Claim will be as set forth in the
Engelberg Settlement Order.

The Clearstream Share will be used for funding payments under the
Plan.

The hearing at which the Bankruptcy Court will determine whether to
confirm the Plan will take place on August 4, at 2:00 P.M., in the
Courtroom of the Honorable Christine M. Gravelle, U.S.B.J.,
Courtroom 3, Clarkson S. Fisher US Courthouse, United States
Bankruptcy Court, 402 East State Street, Trenton, New Jersey
08608.

Objections to the confirmation of the Plan must be filed with the
Bankruptcy Court and served by July 28, 2020.

A full-text copy of the Fourth Modified Disclosure Statement dated
June 3, 2020, is available at https://tinyurl.com/y8l64jhl from
PacerMonitor.com at no charge.

Attorneys for the Debtor:

     Timothy P. Neumann, Esq. [TN6429]
     BROEGE, NEUMANN, FISCHER & SHAVER, LLC
     25 Abe Voorhees Drive
     Manasquan, New Jersey 08736
     Tel.: (732) 223-8484
     E-mail: timothy.neumann25@gmail.com

              About American Center for Civil Justice

American Center for Civil Justice, Inc., is a tax-exempt
organization that provides legal services.  The organization
defends human and civil rights by advocating and aiding lawsuits by
victims of oppression, acts of violence and other injustices.

American Center for Civil Justice filed voluntary petitions for
relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J.
Lead Case No. 18-15691) on March 23, 2018.  In the petition signed
by Elie Perr, president, the company was estimated to have $10
million to $50 million in assets and liabilities.  The Honorable
Christine M. Gravelle oversees the case.  Timothy P. Neumann, Esq.,
of Broege, Neumann, Fischer & Shaver LLC, is the Debtors' counsel.


AMISH FARMERS: July 13 Hearing on Disclosure Statement
------------------------------------------------------
This case is set for a hearing to consider the status of the Plan
and Disclosure Statement of Amish Farmers, Inc. on July 13, 2020,
at 1:30 pm in Courtroom 744, Everett, McKinley Dirksen United
States Courthouse, 219 South Dearborn Street, Chicago, Illinois.

                      About Amish Farmers

Amish Farmers, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 19-36391) on Dec. 30,
2019.  The petition was signed by Jacek Cholko, president.  At the
time of filing, the Debtor was estimated to have $100,001 to
$500,000 in assets and $500,001 to $1 million in liabilities.  The
case is assigned to Judge Timothy A Barnes.  The Debtor is
represented by Ben Schneider at Schneider & Stone.


APC AUTOMOTIVE: Sponsors Not Participating in Term DIP Facility
---------------------------------------------------------------
First Amended Disclosure Statement for the Joint Prepackaged
Chapter 11 Plan of Reorganization of APC Automotive Technologies
Intermediate Holdings, LLC and its debtor affiliates.

While the Debtors were negotiating the Restructuring Support
Agreement and the Term DIP Facility, the Term Loan Lender Group and
the Consenting Sponsors were discussing a number of issues,
including whether the Consenting Sponsors would take part in the
funding of the Term DIP Facility and whether the Consenting
Sponsors would receive payment in full for their general unsecured
claims against the Debtors on account of accrued management fees
consistent with the Plan's treatment for all other general
unsecured claims.  The Consenting Sponsors decided not to
participate in the Term DIP Facility and the members of the Term
Loan Lender Group participating in the Term DIP Facility agreed to
transfer their pro rata share of 1 percent of the reorganized
equity the members of the Term Loan Lender Group participating in
the Term DIP Facility will receive on account of their Term A
Claims to the Consenting Sponsors after the Effective Date in
exchange for the Consenting Sponsors' agreement in the
Restructuring Support Agreement to waive their claims for accrued
management fees. This arrangement was set forth in a "side letter".
Notably, the Debtors are not a party to this side letter and did
not participate in its negotiation.

A full-text copy of the First Amended Disclosure Statement dated
June 3, 2020, is available at https://tinyurl.com/yagyct6m from
PacerMonitor.com at no charge.

Proposed co-Counsel to the Debtors:

     Jonathan S. Henes, P.C.
     Judson A. Oswald, 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

         - and -

     Domenic E. Pacitti
     Michael W. Yurkewicz
     KLEHR HARRISON HARVEY BRANZBURG LLP
     919 North Market Street, Suite 1000
     Wilmington, Delaware 19801
     Telephone: (302) 426-1189
     Facsimile: (302) 426-9193

     -and-

     Morton R. Branzburg (pro hac vice pending)
     KLEHR HARRISON HARVEY BRANZBURG LLP
     1835 Market Street, Suite 1400
     Philadelphia, Pennsylvania 19103
     Telephone: (215) 569-3007
     Facsimile: (215) 568-6603

                          About APC Automotive Technologies
Intermediate Holdings, LLC

The Plan implements a pre-packaged restructuring agreed to among
the Debtors and the Debtors’ major stakeholders, including an ad
hoc committee comprised of holders of approximately 74% of the Term
Claims and the Consenting Sponsors, which restructuring will result
in a significant deleveraging of the Debtors’ capital structure.
Debtors are represented by KIRKLAND & ELLIS LLP, KIRKLAND & ELLIS
INTERNATIONAL LLP and KLEHR HARRISON HARVEY BRANZBURG LLP.


APODACA ENTERPRISES: July 20 Hearing on Plan & Disclosures
----------------------------------------------------------
An evidentiary hearing on Apodaca Enterprises' disclosure statement
and confirmation of Chapter 11 Plan dated April 7, 2020, will be
held on July 20, 2020, at 9:30 a.m.

Trial briefs are optional, however, any trial brief must be filed
and served not less than two court days before trial.

                  About Apodaca Enterprises

Apodaca Enterprises, Inc., a company in the fast food restaurants
industry, sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. E.D. Calif. Case No. 19-26373) on Oct. 11, 2019.  At the
time of the filing, the Debtor disclosed $1,061,853 in assets and
$106,377 in liabilities.  The case is assigned to Judge Christopher
D. Jaime.  The Debtor is represented by the Law Offices of Gabriel
Liberman, APC.


ASHLAND GLOBAL: S&P Alters Outlook to Negative, Affirms 'BB+' ICR
-----------------------------------------------------------------
S&P Globsl Ratings affirmed its 'BB+' issuer credit rating on
Ashland Global Holdings Inc., as well as Ashland LLC and Hercules
LLC, and revised the outlook to negative from stable.

S&P is also affirming the 'BB+' issue-level ratings on the
unsecured debt and on the subordinated notes at Hercules LLC. The
'3' recovery ratings on both are unchanged.

The rating agency expects the current macroeconomic environment and
uncertainty around the pandemic to hurt demand within some of
Ashland's end markets. S&P projects GDP to contract 5.2% in the
U.S. and 7.3% in the eurozone in 2020. Despite Ashland's exposure
to more resilient end markets on the consumer side, S&P expects the
current environment will continue to depress demand on the
industrial side in end markets it considers more cyclical such as
architectural coatings, construction, and automotive. Recently
there have been early signs of improvement, with automotive
original equipment manufacturers returning to production, but S&P
believes there's still much uncertainty around the global pandemic
and corresponding stay-at-home orders, which could continue to hurt
demand for Ashland's products in the near term. Despite the
headwinds, demand for Ashland's portfolio of specialty products has
historically been more resilient than a commodity chemical producer
would experience. S&P continues to view credit measures and
financial policies as appropriate for the 'BB+' rating, albeit at
the lower end of the range in 2020, and expects S&P-adjusted funds
from operations (FFO) to debt to remain between 20% and 30%.

Over the medium to long term, S&P believes Ashland's increasing
specialty chemicals orientation should result in higher and more
stable operating profitability than in the past.   The company's
specialty ingredients segment, which accounted for over 90% of
total EBITDA following the 2019 Composites and BDO divestiture, is
a global leader in cellulose ethers, vinyl pyrrolidones, and
biofunctionals and typically generates EBITDA margins of over 20%.
The specialty ingredients segment derives a large portion of its
earnings from the relatively stable personal care, pharmaceutical,
and nutrition end markets, which provide some stability in the
company's operating results.

Ashland's key business strengths include its leading market
positions, good product, end-market, and geographic diversity, and
relatively stable end-market demand in certain segments. Even
though Ashland now benefits from greater earnings stability than in
the past, S&P expects moderate fluctuations due to volatile raw
material input costs and the company's exposure to economic and
industry cycles.

S&P expects the company's financial policies to support credit
metrics in line with the current rating. The rating agency expects
financial risk to remain in line with its significant assessment.
S&P expects that Ashland will maintain credit measures in line with
the rating agency's expectations for the rating, including pro
forma FFO to total adjusted debt of 20%-30%. It expects financial
policies to support credit measures in this range, and results in
2020 to benefit from cost reduction initiatives completed in 2019.
It also expects FFO to benefit from reduced interest expense due to
the debt reduction from the Composites/BDO divestiture proceeds, as
well as the company's January 2020 refinancing, which reduced
interest costs. In its base case, S&P expects the company to reduce
capital expenditure and forego share repurchases in 2020 due to
uncertainty in the current environment.

"The negative outlook reflects our expectation that credit measures
will be at the lower end of our expected range appropriate for the
'BB+' rating over the next 12 months. We expect EBITDA and credit
measures to weaken in 2020 due to the weaker global macroeconomic
environment and corresponding weaker demand particularly in
industrial end markets, before strengthening in 2021," S&P said.

"We expect weighted average FFO to debt of between 20% and 30%,
with this metric near 20% in 2020. Our base case assumes that
financial policies remain consistent, and we do not assume any
large debt-funded acquisitions or share repurchases," the rating
agency said.

S&P could lower the rating over the next 12 months if:

-- Demand for products serving industrial end markets weakens
further or there is no evidence of a timely recovery, resulting in
credit measures being stretched for a longer-than-expected period.

-- The above conditions led to weighted-average FFO to debt
dropping below 20% on a sustained basis. This could occur if EBITDA
margins falls 200 basis points or more below S&P's base-case
expectations.

-- S&P believes Ashland's financial policy decisions could become
more aggressive, for example, if it pursues large debt-funded
acquisitions or shareholder rewards or if an activist investor
presence leads to similar actions that might weaken credit
measures.

S&P could revise the outlook to stable if:

-- S&P sees sustained evidence that demand for the company's
products is on a trajectory of recovering from COVID-19-related
declines.

-- S&P believes weighted average FFO to debt would remain in the
20%-30% range. Credit measures could reach these levels if EBITDA
margins are at least 200 basis points higher than its current
forecast, potentially due to a rebound in industrial markets such
as construction and automotive, better-than-expected execution of
cost-savings initiatives, or an improvement in the company's market
share.


ATLANTIC HOUSING: S&P Cuts Housing Revenue Bond Rating to 'BB'
--------------------------------------------------------------
S&P Global Ratings lowered its rating on Capital Trust Agency,
Fla.'s subordinate multifamily housing revenue bonds, series 2017B,
issued for Atlantic Housing Foundation Inc. properties, to 'BB'
from 'BB+'. The outlook is negative. The rating is no longer under
criteria observation.

The bonds were issued in late 2017. The bond proceeds, along with
those from senior multifamily tax-exempt mortgage-backed securities
(series 2017A outstanding at $80.8 million, backed by Fannie Mae),
were used to refinance and renovate a pool of five properties in
Texas and Florida--a mix of student-, senior-, and
unenhanced-affordable housing. This downgrade only considers the
series 2017B bonds outstanding, at about $4.9 million. S&P Global
Ratings rates the senior lien (AA+/Stable), which falls under
Federally Enhanced Housing criteria.

The downgrade incorporates the implementation of S&P's "Methodology
For Rating U.S. Public Finance Rental Housing Bonds," published on
April 15, 2020, including low debt service coverage (DSC) and an
unusual transaction structure that presents additional risk.

The rating further reflects S&P's opinion of the project's:

-- Coverage and liquidity that S&P considers very weak, with a
two-year average DSC as per its calculations based on maximum
annual debt service of 1.07x;

-- Strong management and governance assessment of the project
owner and associated parties, highlighted by a very detailed policy
and operations manual for the organization;

-- Adequate-to-weak market position, as evidenced by strong
physical condition and occupancy, and adequate demand and supply
considerations, along with uncertainty associated with COVID-19
effects on occupancy in the long term.

-- S&P believes environmental and governance factors are in line
with the sector standard. However, the ongoing COVID-19 pandemic
presents an elevated social risk particularly to the
student-housing and age-restricted properties.

"We could lower the rating should occupancy rates prove unstable,
leading to financial deterioration," said S&P Global Ratings credit
analyst Adam Torres. S&P could revise the outlook to stable should
occupancy prove stable and financial results remain within the
current range during our one-year outlook period," S&P said.


BOUNCE FOR FUN: Hires Eric A. Liepins as Counsel
------------------------------------------------
Bounce For Fun, LLC, seeks authority from the U.S. Bankruptcy Court
for the Eastern District of Texas to employ Eric A. Liepins, P.C.,
as counsel to the Debtor.

Bounce For Fun requires Eric A. Liepins to provide legal services
and represent the Debtor in the Chapter 11 proceedings.

Eric A. Liepins will be paid at these hourly rates:

     Attorneys               $275
     Paralegals           $30 to $50

Eric A. Liepins received from the Debtor a retainer in the amount
of $5,000.

Eric A. Liepins will also be reimbursed for reasonable
out-of-pocket expenses incurred.

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

Eric A. Liepins can be reached at:

     Eric Liepins, Esq.
     ERIC A. LIEPINS, P.C.
     12770 Coit Road, Suite 1100
     Dallas, TX 75251
     Tel: (972) 991-5591
     Fax: (972) 991-5788

              About Bounce For Fun, LLC

Bounce For Fun, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Tex. Case No. 20-41392) on June 17, 2020, disclosing under $1
million in both assets and liabilities. The Debtor is represented
by Eric A. Liepins, P.C.



BRITTMOORE SS INVESTMENT: Hires Mr. Brickley of Claro as CRO
------------------------------------------------------------
Brittmoore SS Investment, LLC, seeks authority from the U.S.
Bankruptcy Court for the Southern District of Texas to employ
Douglas J. Brickley of Claro Group, LLC, as chief restructuring
officer.

Brittmoore SS Investment requires Claro to:

   a. serve as the sole responsible officer, designated as CRO
      for Debtor;

   b. direct and confer with all retained estate professionals,
      including, without limitation, Debtor's legal counsel and
      financial advisors;

   c. retain such additional estate professionals as he deems
      advisable, subject to the requirements of the Bankruptcy
      Code and Bankruptcy Rules;

   d. execute or file, or cause to be executed and filed, or
      to direct others to do so on behalf of the Debtor,
      all necessary documents in connection with the Debtor's
      Bankruptcy Case, including, but not limited to, all
      affidavits, motions, lists, applications, pleadings and
      other papers, and all amendments and supplements thereto;

   e. prepare and execute a plan of reorganization for the Debtor
      containing terms and conditions that Claro determines to
      be in the best interests of the Debtor and its bankruptcy
      estate and to submit such plan and any and all subsequent
      amendments, modifications, changes or additions to the
      Bankruptcy Court and the Debtor's creditors and parties-in-
      interest for approval pursuant to the requirements of the
      Bankruptcy Code; and

   f. render such other and further actions and to execute,
      deliver, and perform for and on behalf of the Debtor, as
      debtor and debtor-in-possession, any documents, agreements,
      settlements, guaranties, instruments, or undertakings as it
      may deem necessary or appropriate to confirm a plan of
      reorganization and conduct the Chapter 11 Case in a manner
      that maximizes the value of the Debtor.

Claro will be paid at these hourly rates:

     Managing Directors                  $495 to $570
     Directors/Senior Advisors           $395 to $490
     Managers/Senior Managers            $300 to $385
     Analysts/Consultants                $200 to $295
     Administrative Personnels           $125 to $175

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

Douglas J. Brickley, managing director of Claro Group, LLC, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Claro can be reached at:

     Douglas J. Brickley
     The Claro Group, LLC
     711 Louisiana Street, Suite 2100
     Houston, TX 77002
     Tel: (713) 955-8406 / (713) 454-7730
     Mobile: (713) 398-5088
     Fax: 713-236-0033
     E-mail: dbrickley@theclarogroup.com

                 About Brittmoore SS Investment

Brittmoore SS Investment, LLC, based in Houston, TX, filed a
Chapter 11 petition (Bankr. S.D. Tex. Case No. 20-32901) on June 1,
2020. In the petition was signed by Stefan Knieling, managing
member, the Debtor was estimated to have $10 million to $50 million
in both assets and liabilities.  The Hon. Christopher M. Lopez
oversees the case.  Okin Adams LLP, serves as bankruptcy counsel to
the Debtor.  


CARLOS ROBLES: Unsecureds to Get 5% Recovery in Plan
----------------------------------------------------
Carlos Robles Tile, & Stone, Inc., submitted a Second Amended
Disclosure Statement explaining its proposed Chapter 11 Plan.

At the date of the filing of the Chapter 11 petition, the Debtor
had assets of $1,414.608 and liabilities of $3,517,613.  In an
effort to provide a solution to this matter, the Debtor is
proposing a plan to pay any allowed secured creditors within 84
months installments payments, cure and pay the priority obligations
allowed in full in 60 months after the date of the order for relief
and pay 5% to the unsecured claims that are allowed within a period
no longer than 84 months.

Holders of Class 4 general unsecured claims will receive a
distribution equal to 5% of their allowed claims pursuant to the
terms and conditions of the Plan, that is during the seven years
following the effective date.

Class 5 Equity Interest Holders are parties who hold an ownership
interest (equity interest) in the Debtor.  In a corporation,
entities holding preferred or common stock are equity interest
holders.  The shareholders will not receive any dividends under the
Plan on account of his equity security.

The Amended Plan shall be funded by cash on hand at the Effective
Date and funds obtained from the operation of debtor's business.

A full-text copy of the Second Amended Disclosure Statement dated
May 30, 2020, is available at https://tinyurl.com/yb3u7cu3 from
PacerMonitor.com at no charge.

Attorney for the Debtor:

     Luis D. Flores Gonzalez
     Georgetti #8() Suite 202
     RioPiedras, Puerto Rico 00925
     Tel: (787) 758-3606
     E-mail: ldfglaw@yahoo.com

             About Carlos Robles Tile & Stone

Carlos Robles Tile & Stone, Inc., operates a store that sells
tiles, stones and related materials.  Its business and office are
located at 383 Ave. Cesar Gonzalez, Urb. Eleanor Roosevelt, San
Juan, Puerto Rico.

Carlos Robles Tile & Stone previously sought bankruptcy protection
on March 19, 2015 (Bankr. D.P.R. Case No. 15-02004).

Carlos Robles Tile & Stone sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D.P.R. Case No. 18-05145) on Sept. 5,
2018. In the petition signed by Carlos Robles Marin, president, the
Debtor disclosed $486,000 in assets and $3,517,613 in liabilities.
Judge Mildred Caban Flores oversees the case.  The Debtor tapped
the Law Offices of Luis D. Flores Gonzalez as its legal counsel.


CAROLINA INTERNATIONAL SCHOOL: S&P Reinstates BB+ Rev. Bond Rating
------------------------------------------------------------------
S&P Global Ratings reinstated its 'BB+' long-term rating on the
Public Finance Authority, Wis.' series 2013 and 2018 education
revenue bonds, issued for Carolina International School (CIS), N.C.
The outlook is stable.

"The ratings were previously suspended in Feb. 27, 2020, due to
lack of sufficient timely audited financial information to maintain
them, which was remedied on the district's fiscal 2019 audit and
fall 2019 demand data becoming available. The stable outlook
reflects our expectation that CIS will sustain its healthy
liquidity position and post stronger operations in fiscal 2020,
such that maximum annual debt service (MADS) coverage improves back
toward historical levels. Additionally, we expect the school to
meet enrollment projections, and improve its waitlist and student
retention rates," said S&P Global Ratings credit analyst Robert
Tu.

The series 2013 and 2018 bonds are general obligations of CIS
secured by a gross revenue pledge of its unrestricted revenue, a
first-mortgage lien, and a fully funded debt service reserve. CIS
has approximately $14.2 million in long-term debt outstanding.

CIS is a North Carolina nonprofit, public-benefit corporation and a
tax-exempt organization with a 501(c)(3) designation. It serves
grades K-12 about 18 miles northeast of the Charlotte metropolitan
area. CIS began operations in 2004, originally serving grade K-7
students and has grown to serve approximately 884 students as of
fall 2019. Its curriculum stresses core academic subject areas
embedded within an international perspective and environmental
awareness program. The school integrates the Common Core and
Essential Standards framework into age-appropriate, sequential
instruction that results in a highly individualized course of
study.

S&P views the risks posed by COVID-19 to public health and safety
as an elevated social risk for all charter schools under the rating
agency's environmental, social, and governance (ESG) factors. The
rating agency believes this is a social risk for CIS due to
potential decreases in state funding that may occur as a result of
recessionary pressures or enrollment fluctuations given uncertainty
with the mode of instruction should social distancing measures
associated with the pandemic extend into fall 2020. Despite the
elevated social risk, S&P believes the school's environmental and
governance risk are in line with its view of the sector as a whole.


CAV INC: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------
The Office of the U.S. Trustee on June 25, 2020, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in the Chapter 11 case of CAV, Inc.
  
                          About CAV Inc.

CAV Inc., a transportation services provider in Carlsbad, Calif.,
filed a Chapter 11 petition (Bankr. S.D. Cal. Case No. 20-01932) on
April 9, 2020.  In the petition signed by Richard Dripps,
president, Debtor was estimated to have $1 million to $10 million
in both assets and liabilities.  Bruno Flores, Esq., at the Law
Offices of Bruno Flores, APC, is Debtor's bankruptcy counsel.


CEC ENTERTAINMENT: S&P Lowers ICR to 'D' on Chapter 11 Filing
-------------------------------------------------------------
S&P Global Ratings lowered its ratings on CEC Entertainment Inc.,
including the issuer credit rating on the company to 'D' from
'CC'.

The downgrade reflects CEC's Chapter 11 bankruptcy filing.
According to its press release, the company noted that the filing
resulted from the financial strain from the prolonged COVID-19
restaurant closures. CEC expects to achieve a balance sheet
restructuring that supports its re-openings and long-term strategic
plans.

S&P expects to discontinue its ratings on the company in the next
30 days.

Environmental, social, and governance (ESG) credit factors for this
credit rating change:

-- Health and safety


CENTURION PIPELINE: Fitch Affirms BB- LT IDR, Outlook Stable
------------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Issuer Default Rating
(IDR) of Centurion Pipeline Company LLC (Centurion) at 'BB-', and
the senior secured term loan and revolver at 'BB'/'RR1'. Fitch has
removed the Rating Watch Negative (RWN) and assigned a Stable
Outlook.

This action follows a recent rating action at Centurion's primary
counterparty, Occidental Petroleum Corp. (OXY; BB/Stable), which
contributed approximately 62% of the 2019 revenues. OXY was
upgraded from 'BB-'. The RWN was removed and Outlook stabilized.
Fitch previously stated that the RWN at Centurion would be resolved
in conjunction with that of OXY. OXY's favorable rating action
reflects the company's unsecured notes issuance, which Fitch
expects will help bridge OXY's large maturity wall in the absence
of material near-term asset sales. The demonstrated capital market
access also reduces future event risk around possible liability
management exercises, which may help the company's de-leveraging
program.

Centurion's rating takes into account concentration risk from OXY
and Centurion's limited size and scale. The ratings also reflect
its elevated near-term leverage from historically low levels. Fitch
expects YE 2020 leverage to be in the range of 3.3x-3.6x from a
modest 2.1x leverage at YE 2019. The rating is also constrained by
the fact that nearly all cash flows are generated from a single
pipeline system, although Centurion is now expanding with its joint
venture (JV) interest in Wink-to-Webster and the Augustus Pipeline,
but continues to remain focused on the Permian basin. Fitch's key
concerns are counterparty concentration with single basin focus and
lack of business line diversity, which raise the possibility of an
outsized event risk should there be any operating or financial
issue at OXY, or a longer-term disruption of production in the
Permian.

Fitch considers that there is some cash flow assurance in the form
of minimum revenue commitments from OXY and another
investment-grade counterparty which provides some downside
protection. Fitch also considers the importance of the asset to OXY
given that the Centurion system spans across both basins within the
Permian and has access to Midland and Cushing hubs, albeit at lower
volumes as drilling activities decline under an adverse commodities
price environment.

The Stable Outlook reflects Fitch's view that that some of the
counterparty risk at OXY is reduced versus Fitch's prior
expectation, as OXY makes progress in addressing its looming near
term debt maturities. Fitch also believes that while near term
leverage at Centurion is elevated compared to historical levels, it
will continue to be within negative sensitivities.

KEY RATING DRIVERS

Counterparty Credit Risk: Centurion derives a significant
proportion of its revenues from OXY, which is the primary
counterparty on its system. Revenues from OXY are supported by
long-term contracts with some minimum revenue commitments.
Centurion has significant customer concentration to OXY and is
expected to remain Centurion's largest customer in the near to
intermediate term, as it provides OXY with logistical assets that
support its operations. In addition to its own production, OXY also
on-ships for others. Although the assets are critical to OXY's
production in the Permian, Fitch typically views midstream
providers with high counterparty concentration as having exposure
to outsized event risk.

Near-Term Operational Headwinds: Fitch believes Permian will
continue to remain challenged in the near term driven by capital
reductions by E&P producer customers against the backdrop of an
unfavorable macro environment. Centurion's major counterparty, OXY,
had announced a 50% reduction of 2020 capital budget and well
shut-ins averaging 45,000boed, peaking to 75,000boed in June 2020.
Fitch believes OXY's capital reduction and the shut-ins from
various producers in the Permian will affect throughput revenues at
Centurion in 2020 and possibly 2021. Although Centurion has growth
projects coming in-service in 2021 independently through
third-party volumes, Fitch believes such growth will be slower, as
upstream producers are increasingly becoming capital disciplined to
preserve balance sheets.

Leverage Trending Higher: Centurion has historically maintained low
leverage and strong interest and distribution coverage relative to
midstream peers. Leverage is expected to be elevated in the near
term with expectation of moderating producer activity in response
to demand reductions associated with the pandemic shutdowns. Fitch
expects YE 2020 leverage in the range of 3.3x-3.6x given higher
committed growth spending, barring unforeseen events such as
increases in spending or acquisitions. Fitch recognizes that
Centurion has taken some capex and operating costs reduction
initiatives as constructive measures, to help offset some of the
EBITDA decline. Fitch, however, believes leverage is critical to
Centurion's credit profile due to the company's concentrated
counterparty exposure and limited geographic diversity.

Lack of Diversification: Centurion derives nearly all of its cash
flows from a single asset located in the Permian basin and
extending northeast to Cushing, OK. The lack of diversity exposes
Centurion to geographic and asset concentration. Furthermore,
Centurion lacks customer diversification given that OXY accounts
for the significant proportion of its volumes.

Some Cash Flow Assurance: Centurion's operations are underpinned by
long-term agreements in place with OXY, which includes a minimum
revenue commitment extending until 2029. Centurion also has a
long-term throughput and deficiency (T&D) agreement in place with
an investment-grade customer. These minimum revenue commitments
provide some cash flow assurance with some volumetric downside
protection, but these minimum revenue commitments decline over the
contract period. The new projects including the Wink-to-Webster and
Augustus pipelines will be supported by long-term take or pay
contracts from counterparties that are predominantly investment
grade. In addition, the Southeast New Mexico oil gathering system
has significant acreage dedication.

Supportive Sponsor: As of December 2019, Lotus Midstream owned 100%
of Centurion. Lotus's sponsor, Encap Flatrock Midstream (EnCap) is
expected to remain supportive of the operating profile of
Centurion. EnCap committed equity for the purchase of OXY's
pipeline assets in 2018 and continues to provide the company with
assistance in gaining insights into new areas. EnCap supports
Centurion's growth as the company reinvests its cash flows into the
business. This further highlights EnCap's commitment going forward
as Centurion continues to grow.

ESG Considerations: Centurion has a Relevance Score of '4' for
Group Structure and financial transparency. As a private company
backed by private equity, disclosures are limited compared to
public companies. This factor has a negative impact on its credit
profile and is relevant to the rating in conjunction with other
factors.

DERIVATION SUMMARY

Centurion's rating is constrained by its size and lack of
geographic diversification. Centurion also has significant customer
concentration with OXY, contributing nearly 60% of revenues for FYE
2019. The rating also reflects that nearly all cash flows are
generated from a single pipeline system, although the company is
now expanding with its investment in the Augustus Pipeline and JV
interest in Wink-to-Webster.

Both Hess Midstream Operations LP (HESM OpCo; BB+/Stable) and
Centurion are single basin midstream companies with concentrated
but high-quality counterparty risk. HESM OpCo's parent is Hess
Corporation (HES; BBB-/Stable). HESM OpCo is located in the Bakken
whereas Centurion is located in the Permian basin, where Fitch
expects curtailed producer activity in the near term. Although HESM
OpCo's leverage is higher than Centurion's, HESM OpCo receives
protection from volume downside and other risks from its investment
grade parent, HES in the form of some minimum volume commitments
(MVCs).

KEY ASSUMPTIONS

  - Fitch utilized its WTI oil price deck of $32/bbl in 2020,
$42/bbl in 2021, $50/bbl in 2022 and $52/bbl thereafter;

  - The Augustus Pipeline and Wink-to-Webster JV growth projects
proceed as planned and are in service in 2021;

  - Maintenance capex consistent with management guidance;

  - No distributions are made;

  - No acquisitions over forecast period.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

  -- Expected Leverage (total debt with equity credit/adjusted
EBITDA) at or below 3.0x on a sustained basis, with some asset or
counterparty diversity.

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

  -- Credit quality deterioration of its primary counterparty, OXY,
in the absence of any meaningful counterparty diversification;

  -- Any significant delays in the planned in-service date of
Augustus Pipeline and the Wink-to-Webster JV project;

  -- Leverage (total debt with equity credit/adjusted EBITDA) at or
above 4.0x on a sustained basis;

  -- An increase in spending beyond Fitch's current expectations,
or acquisitions funded in a manner that pressures the balance
sheet;

  -- Reduced liquidity.

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity in Near Term: As of March 31, 2020, Centurion
had approximately $48 million in cash and cash equivalents.
Centurion also has a credit facility which provides for $350
million term loan and a $100 million revolver. The revolver has a
sublimit of $25 million for letters of credit. The credit facility
can be used to fund capital needs of Centurion and subsidiaries. As
of March 31, 2020, no amount was outstanding under the revolver.

Obligations under the credit facility are secured by substantially
all tangible and intangible assets of the company. Beginning 1Q19,
the term loan has an annual amortization of $3.5 million. The
senior secured term loan and secured revolver rank pari passu.

Under the facility, Centurion is required to maintain two financial
covenants: (1) a debt service coverage ratio of at least 1.10x and
(2) net total leverage ratio not exceeding 4.75x. As of March 31,
2020, Centurion was in compliance with the covenants, and Fitch
expects the company to maintain compliance in the near term.

Debt Maturity Profile: The revolver matures in September 2023. The
senior secured term loan B with an outstanding amount of $345.6
million has a maturity of September 2025.

ESG CONSIDERATIONS

Centurion has an ESG Relevance score of 4 for Group Structure and
financial transparency. As a private company backed by private
equity, disclosures are limited compared to public companies. This
factor has a negative impact on its credit profile and is relevant
to the rating in conjunction with other factors.

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.


CHISHOLM OIL: Hires Omni as Claims and Noticing Agent
-----------------------------------------------------
Chisholm Oil and Gas Operating, LLC, and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ Omni Agent Solutions, as claims and noticing
agent to the Debtors.

Chisholm Oil requires Omni to:

   a. prepare and serve required notices and documents in the
      bankruptcy case in accordance with the Bankruptcy Code and
      the Federal Rules of Bankruptcy Procedure in the form and
      manner directed by the Debtor and the Court, including (i)
      notice of the commencement of the case and the initial
      meeting of creditors under the Bankruptcy Code, (ii) notice
      of any claims bar date, (iii) notice of transfer of claims,
      (iv) notices of objections to claims and objections to
      transfers of claims, (v) notices of any hearings on a
      disclosure statement and confirmation of the Debtor's plan
      or plans of reorganization, including under Bankruptcy Rule
      3017(d), (vi) notice of the effective date of any plan and
      (vii) all other notices, orders, pleadings, publications
      and other documents as the Debtor or Court may deem
      necessary or appropriate for an orderly administration of
      the case;

   b. maintain an official copy of the Debtor's schedules of
      assets and liabilities and statement of financial affairs,
      listing the Debtor's known creditors and the amounts owed
      thereto;

   c. maintain (i) a list of all potential creditors, equity
      holders and other parties-in-interest and (ii) a core
      mailing list consisting of all parties described in
      sections 2002(i), (j) and (k) and those parties that have
      filed a notice of appearance pursuant to Bankruptcy Rule
      9010; updated said lists and make said lists available upon
      request by a party-in-interest or the Clerk;

   d. furnish a notice to all potential creditors of the last
      date for the filing of proofs of claim and a form for the
      filing of a proof of claim, after such notice and form are
      approved by the bankruptcy Court, and notify said potential
      creditors of the existence, amount and classification of
      their respective claims as set forth in the Schedules,
      which may be effected by inclusion of such information on a
      customized proof of claim form provided to potential
      creditors;

   e. maintain a post office box or address for the purpose of
      receiving claims and returned mail, and process all mail
      received;

   f. for all notices, motions, orders or other pleadings or
      documents served, prepare and file or caused to be filed
      with the Clerk an affidavit or certificate of service
      within seven (7) business days of service which includes
      (i) either a copy of the notice served or the docket number
      and title of the pleading served, (ii) a list of persons to
      whom it was mailed, in alphabetical order, with their
      addresses, (iii) the manner of service ,and (iv) the date
      served;

   g. process all proofs of claim received, including those
      received by the Clerk's Office, and check said processing
      for accuracy, and maintain the original proofs of claim in
      a secure area;

   h. maintain the official claims register for the Debtor on
      behalf of the Clerk; upon the Clerk's request, provide the
      Clerk with certified, duplicate unofficial Claims Register;
      and specify in the Claims Registers the following
      information for each claim docketed (i) the claim number
      assigned, (ii) the date received, (iii) the name and
      address of the claimant and agent, if applicable, who filed
      the claim, (iv) the amount asserted, (v) the asserted
      classifications of the claim, (vi) the applicable Debtor,
      and (vii) any disposition of the claim;

   i. implement necessary security measures to ensure the
      completeness and integrity of the Claims Registers and the
      safekeeping of the original claims;

   j. record all transfers of claims and provide any notices of
      such transfers as required by Bankruptcy Rule 3001(e);

   k. relocate, by messenger or overnight delivery, all of the
      court-filed proofs of claim to the offices of Omni, not
      less than weekly;

   l. upon completion of the docketing process for all claims
      received to date for each case, turn over to the Clerk
      copies of the claims register for the Clerk's review;

   m. monitor the Court's docket for all notices of appearance,
      address changes, and claims-related pleadings and orders
      filed and make necessary notations on and/or changes to the
      Claims Register and any service or mailing lists, including
      to identify and eliminate duplicative names and addresses
      from such lists;

   n. identify and correct any incomplete or incorrect addresses
      in any mailing or service lists;

   o. assist in the dissemination of information to the public
      and respond to requests for administrative information
      regarding the case as directed by the Debtor or the Court,
      including through the use of a case website and call
      center;

   p. if the case is converted to Chapter 7, contact the Clerk's
      Office within three (3) days of the notice to Omni of
      entry of the order converting the case;

   q. thirty (30) days prior to the close of the bankruptcy case,
      request the Debtor submits to the Court a proposed Order
      dismissing Omni and terminating the services of such
      agent upon completion of its duties and responsibilities
      and upon the closing of the bankruptcy case;

   r. within seven (7) days of notice to Omni of entry of an
      order closing the Chapter 11 case, provide to the
      bankruptcy Court the final version of the claims register
      as of the date immediately before the close of the case;
      and

   s. at the close of these chapter 11 cases, box and transport
      all original documents, in proper format, as provided by
      the Clerk's, to (i) the Federal Archives Record
      Administration, located at 14700 Townsend Road,
      Philadelphia, PA 19154-1096 or (ii) any other location
      requested by the Clerk.

Omni will be paid at these hourly rates:

     Solicitation and Securities Services          $205
     Senior Consultants                          $165 to $200
     Technology/Programming                       $85 to $135
     Consultants                                  $65 to $160
     Analyst                                      $35 to $50

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

Paul H. Deutch, executive vice president of Omni Agent Solutions,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Omni can be reached at:

     Paul H. Deutch
     Omni Agent Solutions, Inc.
     1120 Avenue of the Americas, 4th Floor
     New York, NY 10036
     Tel: (212) 302-3580
     Fax: (212) 302-3820

              About Chisholm Oil and Gas Operating, LLC

Chisholm is an exploration and production company focused on
acquiring, developing, and producing oil and natural gas assets in
the Anarkado Basin in Oklahoma in an area commonly referred to as
the Sooner Trend Anadarko Basin Canadian and Kingfisher County (the
"STACK").

Chisholm Oil and Gas Operating, LLC, based in Tulsa, Oklahoma, and
its debtor-affiliates sought Chapter 11 protection  (Bankr. Lead
Case No. 20-11593) on June 17, 2020.

In the petition signed by CFO Michael Rigg, the Debtors were
estimated to have $1 billion to $10 billion in assets and $500
million to $1 billion in liabilities.

The Hon. Brendan Linehan Shannon presides over the case.

WEIL, GOTSHAL & MANGES LLP, and YOUNG CONAWAY STARGATT & TAYLOR,
LLP, as counsels; EVERCORE GROUP LLC, as investment banker; ALVAREZ
& MARSAL NORTH AMERICA, LLC, as financial advisor; OMNI AGENT
SOLUTIONS, as claims and noticing agent.


CHOICE ONE: Unsecureds Will Get 10% of Their Claims
---------------------------------------------------
Choice One Staffing Group, Inc., filed a Plan and a Disclosure
Statement.

The Debtor intends to continue its operations, which have proven to
be profitable under Chapter 11 protection.  The anticipated net
profits are sufficient to fund a viable and realistic plan of
reorganization, which is not likely to be followed by the need for
additional reorganization after the plan is confirmed.  The source
of this information and opinion is the
Debtor's principals and accountant.

Class 3 Administrative Claims will be paid on the Effective Date or
if agreed to by the Claimant within one year after the Effective
Date.

Class 5 Undersecured Secured Claims with insufficient collateral
will continue to be paid in monthly installments, without interest
through month 15 of the Plan.

Class 7 General unsecured claims will receive 10% of their allowed
amount of the respective claims, to be paid in quarterly
installments for 5 years beginning on the second anniversary of the
Effective Date.

Class 8 Equity security interest holders will retain their equity
security interests in the Debtor in exchange for their respective
New Value Contributions.

Source of funds are net profits from operations and insider
contributions.

A full-text copy of the Disclosure Statement dated May 30, 2020, is
available at https://tinyurl.com/y7z4x6l8 from PacerMonitor.com at
no charge.

                About Choice One Staffing Group

Township, Pennsylvania-based Choice One Staffing Group, Inc. --
https://choice1staffing.com/ -- is a full-service staffing firm
that assists businesses in filling their administrative, light
industrial, technical, medical, and hospitality employment needs.
It works on both the local and national level.

Choice One Staffing Group sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 19-21455) on April 9,
2019.  At the time of the filing, the Debtor had estimated assets
of less than $1 million and liabilities of between $1 million and
$10 million.  

The case is assigned to Judge Gregory L. Taddonio.  

The Debtor is represented by Knox McLaughlin Gornall & Sennett,
P.C.

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


CINEMEX USA: Committee Hires Berger Singerman as Co-Counsel
-----------------------------------------------------------
The official committee of unsecured creditors of CB Theater
Experience, LLC received approval from the U.S. Bankruptcy Court
for the Southern District of Florida to hire Berger Singerman,
LLP.

Berger Singerman will serve as co-counsel with Pachulski Stang
Ziehl & Jones, LLP, the other firm tapped by the committee to
represent it in the Chapter 11 case of CB Theater, an affiliate of
Cinemex USA Real Estate Holdings, Inc.

The firm will be paid at hourly rates as follows:

     Paul Steven Singerman    $720
     Brian G Rich             $615
     Partners                 $615 to $720
     Associates               $320 to $450
     Paralegals               $85 to $250

Paul Steven Singerman, Esq., a partner at Berger Singerman, assured
the court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

Berger Singerman can be reached at:

     Paul Steven Singerman, Esq.
     Berger Singerman, LLP
     1450 Brickell Avenue, Ste. 1900
     Miami, FL 33131
     Tel: (305) 755-9500
     Fax: (305) 714-4340
     Email: singerman@bergersingerman.com

                           About Cinemex

Cinemex USA Real Estate Holdings Inc. and Cinemex Holdings USA,
Inc., a company that operates a movie theater chain, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Fla. Case Nos. 20-14695 and 20-14696) on April 25, 2020.  On April
26, 2020, CB Theater Experience, LLC filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 20-14699).  The cases are jointly
administered under Case No. 20-14695.

At the time of the filing, Debtors each disclosed assets of between
$100 million and $500 million and liabilities of the same range.

Debtors have tapped Quinn Emanuel Urquhart & Sullivan, LLP and Bast
Amron, LLP as bankruptcy counsel; Province, Inc. as financial
advisor; and Omni Agent Solutions as noticing, balloting and
administrative agent.

The U.S. Trustee for Region 21 appointed a committee to represent
unsecured creditors in the Chapter 11 case of CB Theater on May 22,
2020.  The committee is represented by Pachulski Stang Ziehl &
Jones, LLP and Berger Singerman, LLP.


CINEMEX USA: Committee Hires Pachulski Stang as Legal Counsel
-------------------------------------------------------------
The official committee of unsecured creditors of CB Theater
Experience, LLC received approval from the U.S. Bankruptcy Court
for the Southern District of Florida to hire Pachulski Stang Ziehl
& Jones, LLP as its legal counsel.

The firm will provide CB Theater, an affiliate of Cinemex USA Real
Estate Holdings, Inc., the following services:

     a. represent the committee in its consultations with Debtor,
creditors and other parties regarding the administration of
Debtor's Chapter 11 case;

     b. analyze Debtor's assets and liabilities, investigate the
extent and validity of liens, and participate in and review any
proposed asset sales, asset dispositions, financing arrangements
and cash collateral stipulations or proceedings;

     c. represent the committee in any manner relevant to reviewing
and determining Debtor's rights and obligations under unexpired
leases and executory contracts;

     d. investigate the acts, conduct, assets, liabilities and
financial condition of Debtor, the operation of its business and
any other matters relevant to the case or to the formulation of a
plan of reorganization or liquidation;

     e. participate in the negotiation, formulation and drafting of
a plan of reorganization or liquidation;

     f. advise the committee on issues concerning the appointment
of a trustee or examiner; and

     g. assist the committee in evaluating claims and litigation
matters, including avoidance actions and claims.

The firm will be paid at hourly rates as follows:

     Partners            $750 - $1,495
     Associates          $625 - $725
     Paraprofessionals   $395 - $425

Bradford Sandler, Esq., a partner at Pachulski, disclosed in court
filings that his firm does not represent any interest adverse to
Debtor's bankruptcy estate and creditors.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Sandler disclosed in court filings that his firm did not agree to a
variation of its standard or customary billing arrangements, and
that no Pachulski professional varied his rate based on the
geographic location of Debtor's bankruptcy case.

Pachulski Stang did not represent the committee in the 12 months
prior to Debtor's bankruptcy filing and that the firm anticipates
filing a budget when it files its interim fee applications, Mr.
Sandler added.

The firm can be reached through:
   
     Bradford J. Sandler, Esq.
     Pachulski Stang Ziehl & Jones, LLP
     780 Third Avenue, 34th Floor
     New York, NY 10017-2024
     Telephone: (212) 561-7700
     Facsimile: (212) 561-7777
     Email: bsandler@pszjlaw.com

                           About Cinemex

Cinemex USA Real Estate Holdings Inc. and Cinemex Holdings USA,
Inc., a company that operates a movie theater chain, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Fla. Case Nos. 20-14695 and 20-14696) on April 25, 2020.  On April
26, 2020, CB Theater Experience, LLC filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 20-14699).  The cases are jointly
administered under Case No. 20-14695.

At the time of the filing, Debtors each disclosed assets of between
$100 million and $500 million and liabilities of the same range.

Debtors have tapped Quinn Emanuel Urquhart & Sullivan, LLP and Bast
Amron, LLP as bankruptcy counsel; Province, Inc. as financial
advisor; and Omni Agent Solutions as noticing, balloting and
administrative agent.

The U.S. Trustee for Region 21 appointed a committee to represent
unsecured creditors in the Chapter 11 case of CB Theater on May 22,
2020.  The committee is represented by Pachulski Stang Ziehl &
Jones, LLP and Berger Singerman, LLP.


CLEARWAY ENERGY: S&P Alters Outlook to Stable, Affirms 'BB' ICR
---------------------------------------------------------------
S&P Global Ratings revised the outlook on Clearway Energy Inc.
(CWEN) to stable from negative, reflecting that Clearway's cash
flows should return to normalized run-rate levels and support
credit metrics.

S&P also affirmed the 'BB' issuer credit and senior unsecured
ratings. The '3' recovery rating on the senior unsecured debt is
unchanged.

With Pacific Gas and Electric (PG&E; BB-/Stable/--) emerging from
bankruptcy, S&P now expects debt to EBITDA to be around 4.5x over
the next few years.  S&P expects cash flows to return to run-rate
levels in the second half of 2020 and has reinstated in its
analysis distributions from seven projects contracted with PG&E.
S&P thinks this will result in run-rate cash available for
distribution (CAFD) generation around $315 million in 2020 under
the rating agency's base-case forecast, which is based on its
estimation of P75 performance. Based on this level, debt to EBITDA
will remain around 4.5x over the next few years. S&P continues to
expect modest annual growth fueled by acquisitions from its parent,
Clearway Group. It expects the Rattlesnake wind project and
Pinnacle transactions to close over the next 12 months.

The company also raised about $250 million of unsecured debt in
June 2020, which was used to pay down revolver borrowings. This did
not affect S&P's view of consolidated leverage. The company also
raised its dividend by about 5% in the first quarter of 2020 and
S&P expects the dividend payout ratio to return back to pre-PG&E
bankruptcy levels. It expects full-year dividends of about $260
million in 2021.

PG&E's emergence from bankruptcy will lead to a significant release
of cash to the parent from the same underlying projects.  As of the
end of the first quarter, the amount of trapped cash was $148
million. Under S&P's base case, it expects CWEN to receive the
trapped cash in third-quarter 2020. This inflow will be used to
support the balance sheet and liquidity, finance growth projects,
and ultimately offset the need to raise debt. About $120 million of
that amount relates to cash locked up prior to the start of 2020.

"We no longer consolidate about $176 million of debt at CVSR Holdco
in CWEN's financials.  We believe that the company supported that
debt in 2019 out of necessity to avoid losing a high-performing
project for a unique short-term issue. Importantly, we expect the
parent to be made whole for its financial assistance through the
release of the trapped cash, and we believe the parent will not
support the project going forward under normal circumstances," S&P
said.

S&P expects the company to continue to grow prudently over the next
several years.  It forecasts moderate EBITDA and CAFD growth over
the next few years as the company continues to add projects in line
with its current acquisition criteria. This mostly includes
post-construction, contracted renewable and conventional power
projects in the U.S. S&P expects the growth strategy to continue to
be prudent and funded with a mix of debt, equity, and operating
cash flows. It also expects future projects to be contracted with
creditworthy counterparties. If the growth strategy changes, it
could affect S&P's view of the rating.

"The stable outlook on CWEN captures our view that credit metrics
will remain around 4.5x over the next few years. We assume that the
assets perform roughly in line with P75 performance level and CWEN
receives all locked-up cash from PG&E-related projects in the
second half of 2020, which will support liquidity and leverage,"
S&P said.

S&P could lower the rating on CWEN if leverage increases such that
debt to EBITDA remains higher than 5x and funds from operations
(FFO) to debt trends toward 12%. This could occur if projects
underperform based on resource or operational risk, or CWEN
receives materially less distributions from its projects for any
other reason.

"We could consider a positive rating action if we think that credit
metrics will improve from current levels, such that debt to EBITDA
will fall and remain below 4x." This would most likely occur if
CWEN reduces leverage by increasing cash flows from existing or new
projects without a commensurate increase in debt," the rating
agency said.


CLOVER ON YONGE: Gets Initial Stay Order Under CCAA
---------------------------------------------------
The Clover on Yonge Inc. and The Clover on Yonge Limited
Partnership applied for and received an order for protection
pursuant to the Companies' Creditors Arrangement Act from the
Ontario Superior Court of Justice Commercial List, authorizing the
Companies' current restructuring proceedings commenced under
section 243(1) of the Bankruptcy and Insolvency Act to be
transitioned to the CCAA Proceedings.

The Initial Order includes among other things, a stay of
proceedings against the Companies, and the appointment of
PricewaterhouseCoopers Inc., LIT as monitor of the Companies.

The Initial Order, among other things:

   1) Approved a stay of proceedings up to and including June 29,
2020, which applies against the Companies, their Property and
Business and the Monitor;

   2) Granted a first ranking charge, which charge shall rank pari
passu with the Clover Receiver's Charge, in the amount of
$1,000,000), over the Property of the Applicants, as security for
fees and disbursements of the Monitor, the Monitor's counsel and
the Companies' counsel;

   3) Granted a second ranking charge, in the amount of $43,300,000
plus interest, which charge represents a portion of the Receiver's
Borrowings Charge that is attributable to the Companies in the CCAA
Proceedings;

   4) Granted a third ranking charge, in the amount of $100,000, on
the Property of the Companies, as security for the indemnity
granted to the Companies' directors and officers; and

   5) Approved the Transition to occur effective June 30, 2020.

The monitor's Web site for the proceedings
https://www.pwc.com/ca/clover-ccaa

PricewaterhouseCoopers Inc. can be reached at:

   PricewaterhouseCoopers Inc.
   18 York Street
   Suite 2600
   Toronto, ON M5J 0B2

   John McKenna
   Tel.: (416) 941-8314
   Email: john.p.mckenna@pwc.com

   Mica Arlette
   Tel.: (416) 814-5834
   Email: mica.arlette@pwc.com

   Domenic Marino
   Tel.: (416) 941-8265
   Email: domenic.marino@pwc.com

   Tracey Weaver
   Tel.: (416) 814-5735
   Email: tracey.weaver@pwc.com

   Tammy Muradova
   Tel.: (416) 941-8383 ext. 14456
   Email: tammy.muradova@pwc.com

   Ian J. Dunlop
   Tel.:(416) 687-8117
   Email: Dunlop.j.ian@pwc.com

Lawyers for PwC:

   McCarthy Tetrault LLP
   66 Wellington Street West Suite 5300
   Toronto, ON M5K 1E6

   James Gage
   Tel.: (416) 601-7539
   Email: jgage@mccarthy.ca

   Heather Meredith
   Tel.: (416) 601-8342
   Email: hmeredith@mccarthy.ca

   Geoff Hall
   Tel.: (416) 601-7856
   Email: ghall@mccarthy.ca

   Alexander Steele
   Tel.: (416) 601-8370
   Email: asteele@mccarthy.ca


Lawyers for the Clover:

   Aird & Berlis LLP
   Barristers & Solicitors
   Brookfield Place, 181 Bay Street, Suite 1800
   Toronto, Ontario M5J 2T9

   Steven L. Graff
   Tel: (416) 865-7726
   Fax: (416) 863-1515
   Email: sgraff@airdberlis.com

   Ian Aversa
   Tel: (416) 865-3082
   Fax: (416) 863-1515
   Email: iaversa@airdberlis.com

   Jeremy Nemers
   Tel: (416) 865-7724
   Fax: (416) 863-1515
   Email: jnemers@airdberlis.com

   Jonathan Yantzi
   Tel: (416) 865-4733
   Fax: (416) 863-1515
   Email: jyantzi@airdberlis.com

Co-counsel for the Clover:

   Bennett Jones LLP
   2500 Park Place, 666 Burrard Street
   Vancouver, BC V6C 2X8
   
   David Gruber
   Tel: (604) 891-5150
   Fax: (604) 891-5100
   Email: gruberd@bennettjones.com

The Clover on Yonge is a new condo development by Cresford
Development Corporation currently under construction at 595 Yonge
Street, Toronto.


CONSOL ENERGY: S&P Downgrades ICR to 'B-' on Weaker Profitability
-----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
thermal coal producer CONSOL Energy Inc. to 'B-' from 'B+'. S&P
also lowered its issue-level ratings on CONSOL's first-lien debt to
'B+' from 'BB', and lowered its issue-level rating on the company's
second-lien notes to 'CCC' from 'B-'.

S&P expects weak thermal coal demand exacerbated by the COVID-19
pandemic to narrow margins.

Coal demand in the first quarter of 2020 was affected by mild
winter weather and low natural gas prices, which resulted in
substantial coal-to-gas switching in the U.S. In addition,
government-imposed shutdowns of nonessential businesses amid the
COVID-19 pandemic further diminished end market activity. These
conditions led several customers to buy out their contracts or
request deferrals. In response to lower coal demand, CONSOL
temporarily idled production at the Enlow Fork Mine in April 2020.
S&P expects these headwinds will continue to weigh on demand. It
estimates natural gas prices will remain low at about $2 per
million British thermal units (mmBtu) for the rest of 2020. S&P is
also forecasting real domestic GDP will contract 5% for the year.
As a result, S&P's forecast incorporates a 15% decline in volumes
sold in 2020. In 2019, CONSOL faced geological and
equipment-related issues resulting in higher mine maintenance and
project expenses. As CONSOL scales back coal production and
economies of scale are reduced, S&P expects cash costs to remain
elevated for the rest of the year. It also anticipates that, after
accounting for committed sales, average coal costs will be down
about 9% for the year. Consequently, S&P expects adjusted EBITDA
margins to dip below historical levels that have been above 30%.

S&P views thermal coal to be an industry in secular decline.

Coal's share in domestic electricity generation fell below 50% in
2004 and currently stands at less than half that level. Due to its
ubiquity and cheap storage and transportation costs, coal is likely
to remain a part of the energy portfolio for decades to come.
Nevertheless, its use is likely to continue declining in favor of
cleaner and increasingly cheaper alternative fuels such as natural
gas and renewables. Certainly, growth opportunities are limited,
and many thermal coal producers are pivoting to ancillary
operations in pursuit of sustainable earnings streams. Though,
CONSOL has delayed development at the Itmann project, Itmann is
expected to produce high-quality, low-vol metallurgical coal. When
complete the project should boost CONSOL's metallurgical coal
production beyond 3 million tons, and result in some margin
expansion. However, most domestic metallurgical coal is sold in the
competitive and highly volatile seaborne markets. As such, S&P
expects CONSOL will need to continue to evolve as it navigates
these shifting industry dynamics.

CONSOL could face limited access to the capital markets even as
operations recover.

CONSOL produces high-energy thermal and crossover metallurgical
coal. While its mines are geographically concentrated in
Pennsylvania, they serve a densely populated region with an
installed base of many coal fired electricity plants. In addition
the company has convenient access to seaborne markets via its
Baltimore Marine Terminal. As a result, CONSOL is the most
profitable among thermal coal producers S&P rates, and the rating
agency expects the company to remain discretionary cash flow (DCF,
operating cash flow less capital spending and distributions)
positive through 2020. Furthermore S&P is forecasting a recovery in
economic activity in 2021 with 5.2% real domestic GDP growth
reversing 2020 losses. Given that CONSOL has been able to maintain
its customer base and could benefit from the exit of distressed
suppliers, S&P expects 2021 volumes to return close to historical
levels. However, even as credit measures recover it is unclear
whether investor sentiment will follow. CONSOL's stock price is
down approximately 70% year to date, and its second lien notes
trade around 50%. Additionally, increased investor activism around
environmental, social, and governance (ESG) factors has made
capital markets increasingly inaccessible to the thermal coal
sector. CONSOL's $1.61 billion of adjusted debt includes $408
million of retirement obligations, $219 million in asset retirement
obligations and $223 million in workers compensation obligations.
Additionally, the company has already tapped into diverse sources
of financing including asset-backed financing, industrial revenue
bonds, and an accounts receivables (A/R) securitization facility.
Consequently, if investor sentiment does not improve before
CONSOL's major maturities starting in 2023, the company could face
refinancing challenges even if credit measures recover.

"The negative outlook reflects our view that CONSOL's capital
structure could become unsustainable in the long term. Though we
expect credit measures will remain commensurate with the rating
over the next year, with leverage peaking around 5x and interest
coverage above 3x, it will likely remain difficult for the company
to access the capital markets. Even as credit measures recover,
investor sentiment may lag given long-term prospects for the
sector, greater ESG concerns, and encroaching renewable and gas
alternative energy sources," S&P said.

S&P could lower the rating over the next year if anemic levels of
thermal coal demand persist longer than expected or intensify. In
this scenario S&P would no longer expect recovery in 2021.
Specifically S&P could lower the rating under any of the following
conditions:

-- If CONSOL pursues a discounted debt exchange.

-- If S&P expects adjusted debt leverage to exceed 7x.

-- If discretionary cash flow is negative and S&P does not
anticipate this to reverse.

-- If capital markets become increasingly inaccessible and S&P no
longer thinks CONSOL could refinance its maturities starting in
2023.

S&P could revise the outlook back to stable if commodity prices
stabilize. Under this scenario the rating agency would have more
visibility on volumes as confidence is restored in contract
agreements and price indications from committed sales.

"We would also expect to have a sense of whether adjusted EBITDA
margins would climb back above 30% as timelines firm up on
completing the Itmann project and the variables required for an
updated mine plan fall into place. In this case we believe the
improving operating environment, along with CONSOL's credit
measures, could strengthen its standing in the credit markets," S&P
said.


CR COMMERCIAL: Court Confirms Plan
----------------------------------
Judge Eddward P. Ballinger Jr. has ordered that the Amended Plan of
Reorganization filed by the Debtor, CR Commercial Contractors,
Inc., is CONFIRMED and a DISCHARGE is hereby entered subject to
these terms and conditions:

   * Administrative Claims (Class 1). This claim shall be paid in
cash, or in the amounts allowed by the Court, upon the Plan
distribution date unless otherwise agreed to between the Debtor and
the administrative creditor and as reflected in Exhibit A.

   * Administrative Claims (Class 1A). This claim shall be paid in
cash, or in the amounts allowed by the Court, upon the Plan
distribution date.

   * Alleged Administrative Claim (Class 1B). The Arizona
Department of Revenue has filed an "Administrative Claim", Claim
31-1 asserting post petition penalties in the amount of $325.00. To
the extent that such amount is actually due by the Debtor, it shall
be paid on the Effective Date.

   * Secured Claim- Celtic Bank/Kabbage (Class 2)- No Claim Filed.
Celtic Bank/Kabbage is secured by a first position lien on all of
the Debtor's assets as set forth in its UCC-1 Financing Statement
in the total amount of $175,000.00. The secured claim of
$175,000.00 with interest at the rate of 6% per annum shall be paid
at the rate of $3,383.24 per month over a period of 60 months.

   * Secured Claim- Pearl Capital/Pearl Delta Funding, LLC (Class
3)- Claim No. 19-1. Pearl Capital/Pearl Delta Funding, LLC is
secured by a second position lien on all of the Debtor's assets as
set forth in its UCC-1 Financing Statement and its Proof of Claim
in the total amount of $197,341.00. The secured claim of
$197,341.00 with interest at the rate of 6% per annum shall be paid
at the rate of $4,139.1lper month over a period of 55 months.

   * Secured Claim- Ford Motor Credit Company, LLC (Class 4)- Claim
No. 26-1 Ford Motor Credit Company, LLC is secured by a 2015 Ford
F150 truck (YIN ending 6547). Said creditor shall receive regular
monthly payments pursuant to the terms of its contract.

   * Secured Claim- Wells Fargo (Class 5)- Claim No. 17-1 Wells
Fargo is secured by a 2017 Ford F150 truck (VIN ending 3727). Said
creditor shall receive regular monthly payments pursuant to the
terms of its contract.

   * Secured Claim - NEC Financial Services (Class 6) - No Claim
Filed. NEC is deemed a secured creditor, secured by equipment that
is being purchased by the Debtor (end of lease purchase option of
$1.00).  It is estimated that the Creditor is owed $9,635.
Creditor will have a secured claim of $9,635 to be paid with
interest at 4% in payments of $177.44 per month for a total of 60
months. (See Exhibit "A") Payments will begin as of the Effective
Date of the Plan.

   * Secured Claim - Pacific Office Automation (Class 7) - Claim
25-1. As part of Claim 25-1, POA asserts in its contract with the
Debtor, that the Debtor is "leasing" the HP Elite Book 850 G2; HP
Ultra Slim Docking Station, HP Wireless Keyboard & Mouse, HP
Prodisplay, and a Datto SP 2000 Hybrid. Said creditor acknowledges
that is has been paid in full under this contract.

   * Secured Claim - TCF Equipment Finance (Class 8) - Claim 29-1.
It is estimated that, as of the Petition date, the amount owed for
the equipment was $11,080.58. The Proof of Claim sets the amount at
$11,307.79. As of December 9, 2019 the balance owed on the contract
was $8,876.50. The Debtor and TCF negotiated a payment of $6,657.37
in full satisfaction of the balance owed on the contract. On
December 17, 2019 the Debtor tendered payment in the amount of
$6,657.37 to TCF in exchange for a full and complete release of its
claim. TCF has amended its claim to reflect $0.00 owed.

   * Unsecured Priority Claim- Internal Revenue Service (Class 9)-
Claim No. 2-2. The Internal Revenue Service ("IRS") shall have a
priority claim in the amount of $7,130.50 The IRS's priority claim
shall be paid with interest at the statutory rate set forth in
I.R.C. §§6621 and 6622 that is in effect during the month that
the Plan is confirmed, as required by 11 U.S.C. Sec. 511. This
priority amount, shall be paid at the rate of $177.34 per month
until paid in full. Payments shall begin 30 days after Plan
Confirmation.

   * Priority Tax Claim of the Arizona Department of Revenue (Class
10) - Claim No. 1-2. The Arizona Department of Revenue (''ADOR")
shall have a priority claim in the amount of $162,972.09. This
priority amount shall be paid at the rate of $4,031.47 per month
until paid in full. Payments shall begin 30 days after Plan
Confirmation.

   * General Unsecured Claims (Class 11) with a total claim of
$1,046726. All allowed and approved claims under this Class shall
be paid in full from all funds available for distribution as set
forth in the Disbursement Schedule attached hereto as Exhibit "A".
Interest in this Class shall not be paid unless required by law. It
is anticipated that payments under this Class shall begin in the
first month of the Plan, disbursed on a pro rata basis. The maximum
length of the payout under the Plan shall not exceed 84 months.
However, Debtor does anticipate that certain creditors in Class 11
may be paid by third parties. In that event, the duration of this
Plan may be shortened from what is currently anticipated.

   * Unsecured Claims - Administrative Convenience Class (Class
11A). This Class shall consist of all allowed and approved general
unsecured claims if the claim amount owed as of the filing of the
Disclosure Statement is no greater than $5,000 and if the general
unsecured creditor holding such claim ("eligible creditor" elects
to be treated as a member of Class 11A. Some creditors have
accepted the election and shall receive twenty percent (20%) of the
allowed and approved claim on the Effective Date of this Plan of
Reorganization.

   * Debtor's Interest (Class 12).  The Debtor will retain all of
the legal and equitable interest in assets of this estate, as all
reconciliation issues have been met.  All estate property shall
vest in the Debtor at confirmation.

A full-text copy of the Order dated June 3, 2020, is available at
https://tinyurl.com/ybyzpq69 from PacerMonitor.com at no charge.

Counsel for the Debtor:

     Allan D. NewDelman
     Allan D. NewDelman, P.C.
     80 East Columbus Avenue
     Phoenix, AZ 85012

Attorney for FVE Manager, Inc., as manager for SNH SE Tenant TRS,
Inc.:

     Bradley Pack, Esq.
     ENGELMAN BERGER, P.C.

                  About CR Commercial Contractors

Based in Phoenix, Arizona, CR Commercial Contractors, Inc. --
http://crcontractors.com/-- a privately held company that offers
general contractor services, filed a voluntary Chapter 11 petition
(Bankr. D. Ariz. Case No. 19-02937) on March 18, 2019.  In the
petition signed by COO Douglas R. Terrill, the Debtor disclosed
total assets of $881,104 and total liabilities of $2,268,945.  The
case is assigned to Judge Eddward P. Ballinger Jr.  The Debtor is
represented by Allan D. Newdelman, Esq., Phoenix, Ariz.

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


CSM BAKERY: S&P Raises ICR to 'CCC+' on Debt Maturities' Extension
------------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on U.S.-based-
CSM Bakery Solutions LLC to 'CCC+' from 'SD' (selective default).
At the same time, S&P raised its ratings on the company's
first-lien term loan to 'B-' from 'CC' and second-lien term loan to
'CCC-' from 'C'. The '2' and '6' recovery ratings, respectively,
are unchanged.

The upgrade reflects extension of the company's debt maturities.
CSM extended its asset-based loan (ABL) facility's maturity from
July 2020 to October 2021, the first-lien term loan maturity from
July 2020 to January 2022, and the second-lien term loan from July
2021 to February 2022. S&P expects CSM to maintain sufficient
liquidity to meet debt service obligations and fund operations over
the next 12 months. However, the ABL becomes current in October
2020. S&P expects the company to refinance or extend the maturity
at least 12 months before its October 2021 maturity; otherwise,
this may hurt the company's liquidity profile and ratings when the
ABL becomes current. CSM had EUR43 million of cash on the balance
sheet as of March 28, 2020, and on June 10, 2020, it received an
additional EUR50 million equity infusion from its sponsor owner,
Rhone Capital. Additionally, as a part of the amendment, the
sponsor will also relinquish and waive its management fees and
board fees for 2020 and 2021.

The negative outlook reflects weak credit metrics in 2020 due to
COVID-19-related shutdown of foodservice and less retail foot
traffic. Due to COVID-19-related shutdowns, the company's
operations have suffered in the second quarter of 2020 from
foodservice closures (about 30% of the business), less foot traffic
in the in-store bakery section of retail locations, fewer large
events, and consumers prioritizing shelf-stable product purchases.
As economies reopen and consumers resume celebration occasions, S&P
expects modest recovery in the back half of this year. As a result,
S&P expects revenues to decline in the mid-double-digit percent in
2020 from a modest decline of 0.7% in 2019. The company has taken
cost-cutting measures, such as decreasing marketing spend,
furloughing employees, and lowering warehousing and distribution
costs. Still, S&P expects EBITDA to decline by about 9%-10% year
over year due to the revenue declines. This coupled with high debt
balances will result in leverage over 12x in 2020. Moreover, the
rating agency does not expect the company to generate free
operating cash flow (FOCF) due to sustained low EBITDA, high
interest payments, and working capital needs.

S&P said, "We still view the company's capital structure as
unsustainable as it may have difficulty extending the maturity of
its ABL facility before it becomes current in October. The company
was able to extend its maturities, but we still view the capital
structure as unsustainable over the long term. Although we view the
extension as positive, the facility will become current again in
October 2020 and the company will need to address its maturity
profile given that its first-lien term loan becomes current in
January 2021 and the second-lien in February 2021. We also believe
operating performance improvements in the second half of 2020 will
be essential for refinancing at reasonable terms. Given the
headwinds the company faces with leverage remaining high,
refinancing the entire structure will be challenging, particularly
given the volatile market conditions in the debt capital markets,
making it especially difficult for companies with deep
speculative-grade ratings to issue debt."

The negative outlook reflects the potential for lower ratings if
the company's operating performance does not improve by the back
half of fiscal 2020 and it is not able to refinance its ABL
facility and term loan before they become current in October 2020
and January 2021, respectively. In S&P's view, this would impair
CSM's liquidity such that it could envision a specific default
scenario occurring over the subsequent 12 months.

S&P would consider revising the outlook to positive or raising
ratings if the company is able to extend the maturity on its ABL
facility and refinance its term loans with satisfactory terms.
Higher ratings would also be contingent on the company's ability to
improve its operating performance such that the company generates
positive free cash flow.


DELIVER BUYER: S&P Alters Outlook to Stable on Improved Liquidity
-----------------------------------------------------------------
S&P Global Ratings revised its assessment of Kentucky-based Deliver
Buyer Inc.'s (d/b/a MHS) liquidity to adequate from less than
adequate, revised its rating outlook to stable from negative, and
affirmed all its ratings on the company.

MHS' refinancing provides it with the liquidity to continue its
investments in healthy new project pipeline. Nevertheless, MHS's
financial policy remains aggressive.

Pro forma the transaction, MHS' liquidity sources will increase to
$198 million from $78 million. S&P anticipates the company will
apply proceeds to reduce its borrowings under the revolving credit
facility, and to fund its operations and earn out payments ahead of
its peak operating season.

S&P revised MHS' rating outlook to negative in September 2019 when
project delays resulted in the reduction of its headroom under the
springing leverage covenant to the low-single-digit percent area
and total amount available for revolver borrowing to $14.25 million
as of June 30, 2019. Since then, the company executed well against
its delayed 2019 projects, ahead of S&P's initial expectations. In
2020, the pipeline remains solid and S&P expects revenues to
increase about 5%, despite the global economic recession and lower
gross margins. Revenue volatility will remain high in 2020, with
results weighted in the back-half of the year because of the
uncertain impact of COVID-19 on anticipated completion dates.

S&P's key ratings risks include:

-- Aggressive financial policy and high debt leverage: In April
2017 MHS was purchased by T.H. Lee in a leveraged buy-out. Since
2018 the company has completed multiple leveraging acquisitions and
a debt funded dividend transactions that has resulted in the
company's leverage to remain well above 6x. In 2020 S&P expects
leverage to remain above 7x.

-- Significant customer concentration: The company has high
customer concentration to its key clients which include UPS, FedEx,
DHL, and Amazon. The company's top two clients accounted for about
67% of its 2019 revenues.

-- High working capital needs due to changing project-timelines
and advanced project outlays: Project delivery timing is a
significant factor impacting revenue and working capital given its
customers seasonal demand profile and elevated e-commerce related
volumes around the holiday period. In 2019, the company's operating
performance was negatively affected intra-year by project timing
delays due to shifting implementation timelines. This caused
revenues and earnings to be significantly weighted to the second
half of the year such that the company relied heavily on its
revolving credit facility to fund operations in advance of project
completion and accounts receivable collections.

The company's operating scale and engineering expertise position it
to capitalize on the robust revenue tailwinds from e-commerce
distribution adoption.

"We expect strong secular tailwinds behind e-commerce and
automation activities will underpin demand from MHS' clients over
our forecast period. Despite some near-term delays in certain
maintenance-related projects, we expect the onset of COVID-19
pandemic will change customer behaviors and support the increased
penetration of e-commerce transactions, especially in retail.
Although the marketplace is diverse and fragmented, the company
benefits from its operating scale, vertically integrated solutions,
and focus on the courier segment," S&P said.

The stable outlook reflects S&P's expectation for resilient demand
from couriers, adjusted EBITDA margins of 10% to 11%, and free cash
flow generation of $10 million to $15 million over the next 12
months, with adequate liquidity and covenant-compliance cushion.

"We could lower our ratings on MHS if operating challenges result
in cash flow deficits such that covenant headroom declines below
10%, available liquidity remains below $40 million, or we forecast
a payment default or we come to view the capital structure as
unsustainable," S&P said.

"We could upgrade the ratings if the company is able to sustain
adjusted leverage under 6.5x, while increasing its free operating
cash flow (FOCF)-to-debt ratio to the mid-single-digit percent
area. In this scenario, the company successfully executes its
operating plan with minimal project timeline challenges such that
its covenant headroom persistently exceeds 20%," the rating agency
said.


DISH DBS: S&P Rates New $1BB Senior Unsecured Notes Due 2028 'B-'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issue-level rating and '3'
recovery rating to DISH DBS Corp.'s proposed $1 billion senior
unsecured notes due 2028. The '3' recovery rating indicates S&P's
expectation for meaningful recovery (50%-70%; rounded estimate:
60%) in a simulated default scenario. The company plans to use the
proceeds from these notes for general corporate purposes, which may
include repaying its upcoming maturities.

S&P's 'B-' issuer credit rating is unaffected by this transaction
because its base-case forecast already assumed $1 billion of debt
issuance at DBS per year in 2021 and 2022 to partially repay its $2
billion of upcoming debt maturities each year. The rating agency
also currently forecasts that DBS will use all of its free
operating cash (FOCF) of about $1.0 billion-$1.2 billion per year
for debt reduction, which will allow it to maintain leverage in the
4.3x-4.5x range and offset its forecast EBITDA declines of about
1%-4% in 2020 and 6%-9% in 2021. S&P believes this transaction will
bolster the company's liquidity by providing it with additional
runway before its $2 billion notes come due in July 2022, assuming
that its parent does not use the cash to fund its wireless
ambitions.

In recent months, DISH DBS has made progress toward meeting S&P's
conditions for a stable outlook, including improving its leverage
toward 4x by the end of 2020 and moderating its EBITDA losses and
satellite customer churn below 1.5%. In the first quarter of 2020,
DISH DBS' EBITDA rose by almost 10% year over year as it benefited
from rate increases that lifted its average revenue per user (ARPU)
by about 4% while also bucking industry trends by lowering its
programming cost per subscriber by removing certain regional sports
networks. S&P believes it is encouraging that the company's
satellite subscriber churn dropped to 1.54% from 1.74% a year
earlier despite these events.

Still, S&P believes DISH may suffer increased subscriber losses
through the recession if unemployment remains elevated for an
extended period. The company is particularly susceptible to the
risk that its customers will opt for cheaper streaming alternatives
given its lack of a true broadband service offering. It is also
unclear if DISH's strategy of retaining its most profitable rural
subscribers while raising prices to offset rising programming costs
and potentially dropping more-expensive channels will be successful
over the longer term. Finally, it is also unclear how parent DISH
Network Corp. plans to use the cash at DBS given the substantial
funding required for the buildout of its wireless network, which
could lead it to upstream the cash from its subsidiary. Therefore,
S&P's outlook on DISH DBS remains negative to reflect these
uncertainties. S&P could lower its stand-alone credit profile on
Dish DBS if the company's leverage approaches 5.0x (from 4.4x for
the 12 months ended March 31, 2020).


DREAM BIG RESTAURANTS: TD Bank Objects to Disclosure Statement
--------------------------------------------------------------
TD Bank, N.A. filed its objection to the Dream Big Restaurants,
LLC's Motion for Conditional Approval of the Disclosure Statement
and to Combine Hearings on Final Approval of the Disclosure
Statement and Confirmation of the Proposed Plan of Liquidation.

TD Bank asserts that the sale contemplated in the Plan lacks an
adequate means of implementation and does not otherwise comply with
Title 11.

TD Bank points out that the Plan improperly grants the Debtor with
a discharge.

TD Bank complains that the Plan contains an improper third-party
release.

According to TD Bank, the Plan proposes an impermissible surcharge
against TD Bank's collateral under Section 506(c) of the Bankruptcy
Code.

TD Bank asserts that the Plan has not been proposed in good faith.

TD Bank points out that the Plan fails to satisfy Section
1129(a)(5).

TD Bank complains that the Plan is not in the best interests of TD
Bank.

According to TD Bank, the Plan is not feasible.

TD Bank asserts that the Plan unfairly discriminates among
unsecured creditors.

TD Bank points out that the Plan is not fair and equitable.

TD Bank complains that the Plan violates the Absolute Priority
Rule.

According to TD Bank, the Plan contains inequitable and ambiguous
terms.

Attorneys for TD Bank N.A.:

     B. Keith Poston
     Graham S. Mitchell
     NELSON MULLINS RILEY & SCARBOROUGH L.L.P.
     1320 Main Street/ 17th Floor
     Post Office Box 11070 (29211)
     Columbia, SC 29201
     Tel: (803) 799-2000
     E-mail: keith.poston@nelsonmullins.com
     E-mail: graham.mitchell@nelsonmullins.com

                  About Dream Big Restaurants

Dream Big Restaurants LLC operates McDonald's restaurant franchises
at eight locations in Greenville and Greer, S.C.

Dream Big Restaurants sought Chapter 11 protection (Bankr. D.S.C.
Case No. 19-05090) on Sept. 27, 2019, in Spartanburg, S.C.  In the
petition signed by Phillip K. Wilkins, authorized member, the
Debtor was estimated to have assets at $1 million to $10 million
and liabilities at $10 million to $50 million.  Judge Helen E.
Burris oversees the case.  The Debtor tapped Schafer and Weiner,
PLLC as its general bankruptcy counsel, and Skinner Law Firm, LLC
as its local counsel.


ELITE INFRASTRUCTURE: Hires Furuseth Olson as Special Counsel
-------------------------------------------------------------
Elite Infrastructure, LLC, seeks authority from the U.S. Bankruptcy
Court for the Northern District of Texas to employ Furuseth Olson &
Evert, P.C., as special counsel to the Debtor.

Elite Infrastructure requires Furuseth Olson to assist the Debtor
in Oil & Gas related legal matters, including foreclosure on lien
claims.

Furuseth Olson will be paid at the hourly rate of $275.

Furuseth Olson will be paid a retainer in the amount of $1,500.

Furuseth Olson will also be reimbursed for reasonable out-of-pocket
expenses incurred.

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

Furuseth Olson can be reached at:

     Peter Furuseth, Esq.
     FURUSETH OLSON & EVERT, P.C.
     107 Main St.
     Williston, ND 58801
     Tel: (701) 774-0005

                  About Elite Infrastructure

Elite Infrastructure, LLC, provides engineering, design, and
construction of water treatment plants, midstream infrastructure
and oil and gas facilities, offering comprehensive turnkey
solutions and project management services.

Based in Pacific Richardson, Texas, Elite Infrastructure, LLC,
filed its voluntary petition under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Tex. Case No. 20-31384) on May 8, 2020.  In the
petition signed by Eric Benavides, sole member, the Debtor was
estimated to have up to $50,000 in assets and $1 million to $10
million in liabilities.  The Debtor is represented by Eric A.
Liepins, Esq., at Eric A. Liepins, P.C.  Furuseth Olson & Evert,
P.C., is special counsel.



ENSONO LP: S&P Rates First-Lien Incremental Term Facility 'B'
-------------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level rating and '2'
recovery rating to managed information technology services provider
Ensono L.P.'s proposed $76 million senior secured first-lien
incremental term facility due in 2025. The '2' recovery rating
indicated its expectation for substantial (70%-90%; rounded
estimate: 70%) recovery for lenders in the event of payment
default.

The new facility ranks pari passu with the company's existing
senior secured first-lien term loans and has substantially the same
terms.

The additional debt will increase Ensono's adjusted leverage to
about 8.3x from 7.6x for the 12 months ended March 31, 2020, though
credit metrics will remain within S&P's expectations.

"We include operating lease and capital lease obligations in our
debt calculation, and we do not net cash from our leverage
calculation. We expect Ensono to use the proceeds of the debt to
repay outstanding revolver borrowings and fund cash to the balance
sheet, providing a greater liquidity cushion to fund capital
spending associated with signed customer projects," S&P said.

As noted in its research update published April 24, 2020, S&P
expects Ensono's cash needs over the next year will be high to
support its business growth. S&P estimates annual free cash flow
after debt service, capital expenditures (capex), capital lease,
and software licenses to be flat for 2020. There is positive return
on investment for its high capital outlays as customers are
committed to the projects and face steep penalty payments if they
renege on contracts.

"The stable outlook reflects our view that cash flow will remain
relatively weak, but we expect Ensono to maintain sufficient
liquidity over the next 12 months. We also expect revenues and
earnings will remain at least stable through the macroeconomic
slowdown due to the recurring nature of its business and minimal
exposure to at-risk clients," S&P said.

ISSUE RATINGS - RECOVERY ANALYSIS

Key analytical factors

-- The additional first-lien debt reduces the issue-level rating's
cushion within the '2' recovery rating category.

-- S&P's simulated default scenario contemplates lower demand for
mainframe solutions and heightened competitive pressures for
managed services and third-party cloud solutions, leading to
increased churn and pricing pressures that erode profitability.
This would reduce cash flow to the point Ensono cannot cover its
fixed charges (interest expense, required amortization, and minimum
maintenance capex), and eventually lead to a default in 2022.

-- Other default assumptions include an 85% draw on the revolving
credit facility; LIBOR at 2.5%; the spread on the revolving credit
facility rising to 5% as covenant amendments are obtained; and all
debt including six months of prepetition interest.

-- S&P values the company on a going-concern basis using a 5.5x
multiple of its projected emergence EBITDA to reflect its customer
relationships and strong demand prospects for managed cloud
solutions.

Simulated default assumptions

-- Simulated year of default: 2022

-- EBITDA at emergence: $91 million

-- EBITDA multiple: 5.5x

Simplified waterfall

-- Gross recovery value: $498 million

-- Net recovery value for waterfall after administrative expenses
(5%): $473 million

-- Obligor/nonobligor valuation split: 90%/10%

-- Estimated senior secured first-lien debt: $632 million

-- Value available for senior secured first-lien debt: $457
million

-- Recovery range: 70%-90% (rounded estimate: 70%)

-- Estimated senior secured second-lien debt and other claims:
$130 million

-- Value available for senior secured second-lien debt: $0
million

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

*All debt amounts include six months of prepetition interest.


ESSEQUIBO HOLDINGS: Court Approves Disclosure Statement
-------------------------------------------------------
Judge Elizabeth S. Stong has ordered that the Disclosure Statement
of Essequibo Holdings Inc. is approved.

That the Court will hold a hearing to consider confirmation of the
Plan on July 16, 2020 at 10:00 a.m., or as soon thereafter as
counsel may be heard before the Honorable Elizabeth S. Stong, in
Courtroom 3585, United States Bankruptcy Court, 271-C Cadman Plaza
East, Brooklyn, New York 11201.

The date of July 6, 2020 at 4:00p.m. must be filed as the date by
which objections to confirmation of the Plan must be filed.

The Debtor must file and serve its Declaration in Support of
Confirmation of Debtor’s Second Amended Chapter 11 Plan and any
response to any objections to confirmation by 4:00p.m. on July 15,
2020.

In order to be counted as a vote to accept or reject the Plan, a
Ballot must be properly executed, completed and delivered by the
creditor, so that such ballot is received by the Debtor by no later
than 5:00p.m. on July 6, 2020.

Attorney for the Chapter 11 Debtor:

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

                   About Essequibo Holdings

Essequibo Holdings Inc., operates a commercial and residential
property for rent, at 763 Utica Avenue, Brooklyn, New York.  It
filed a Chapter 11 petition (Bankr. E.D.N.Y. Case No. 19-44679) on
July 31, 2019.  Judge Elizabeth S. Stong administers the case.
Mark E. Cohen, Esq., is counsel to the Debtor.


EYECARE PARTNERS: Moody's Lowers CFR to Caa1, Outlook Stable
------------------------------------------------------------
Moody's Investors Service downgraded EyeCare Partners, LLC
Corporate Family Rating to Caa1 from B3, the Probability of Default
Rating to Caa1-PD from B3-PD, the first lien secured bank credit
facility to B3 from B2, and the second lien secured bank credit
facility to Caa3 from Caa2. At the same time, Moody's changed the
outlook to stable from rating under review. This concludes the
rating review that was initiated on March 24, 2020.

The downgrade reflects ECP's high pro forma adjusted leverage and
Moody's expectation that leverage will remain elevated given
reduced optometrist, ophthalmologist, and elective procedure visits
in the first and second quarters due to the coronavirus pandemic.
Further, while Moody's notes that volumes have recovered to about
90%, the downgrade reflects ongoing uncertainty about ECP's ability
to fully recover patient volumes in the context of coronavirus and
rising levels of unemployment.

The stable outlook reflects Moody's expectation that the company's
volumes will begin to improve such that credit metrics will recover
from current elevated levels. Further, ECP's liquidity is adequate
supported by funding from the CAREs act, access to its $110 million
revolving credit facility and cost reductions in staffing and
capital expenditures. The stable outlook also reflects Moody's
favorable view of the longer-term prospects for vision care.

Downgrades:

Issuer: EyeCare Partners, LLC

Probability of Default Rating, Caa1-PD, from B3-PD, Previously on
Review for Downgrade

Corporate Family Rating, Caa1, from B3, Previously on Review for
Downgrade

First Lien Secured Bank Credit Facility, B3, from B2, Previously on
Review for Downgrade

Second Lien Secured Bank Credit Facility, Caa3, from Caa2,
Previously on Review for Downgrade

Outlook Actions:

Issuer: EyeCare Partners, LLC

Outlook, Changed To Stable From Rating Under Review

RATINGS RATIONALE

ECP's Caa1 Corporate Family Rating reflects its high pro forma
adjusted leverage of 8.2x, and the risks associated with the
company's rapid expansion strategy as it grows, predominantly
through acquisitions. Leverage is expected to remain high, at above
8.0 times for the next 12 months as a result of weaker operational
performance resulting from volume declines experienced amidst the
coronavirus pandemic. Further, the company has recently made
several large acquisitions, and as a result, the company's EBITDA
is highly prospective. The company's track record as a scalable
platform is somewhat limited although ECP acquires eyecare
practices that often have long track records in operation. The Caa1
also reflects moderate geographic concentration, with around 42% of
revenue generated in two states, Michigan and Missouri. In
addition, while e-commerce penetration in the optical sector is
likely to remain low, Moody's expects that, over time, traditional
optical retailers will face margin and market share pressure from
growing online competition.

The rating benefits from the industry's favorable long-term growth
prospects, including growing demand for optometrist and
ophthalmological services and eyewear products. This is due to
aging demographics and the growing prevalence of myopia and
cataracts. Further, ECP's vertical integration allows it to provide
services to patients that cover all their eyecare needs, including
optometry, ophthalmology and retail. ECP also owns ambulatory
surgery centers, which will benefit from growing demand as patients
and payors generally prefer the outpatient environment (primarily
due to lower cost and better outcomes) for certain specialty
procedures, including cataract surgeries.

Moody's expects the company's liquidity to be adequate over the
next 12-18 months as Moody's expects free cash flow to be negative
due to profitability declines resulting from the coronavirus
pandemic. That being said, ECP had a cash balance of $233 million,
which includes a fully drawn $110 million revolver and some
stimulus payments, at the end of March 31, 2020. ECP has since
fully repaid its revolver. Moody's believes that ECP's adequate
liquidity reflects the likelihood that ECP will experience a
material drop in earnings and will need to repay about $30 million
of accelerated payments related to CAREs funds in the third
quarter.

Environmental considerations are not material to the overall credit
profile of ECP. Moody's considers coronavirus to be a social risk
given the risk to human health and safety. Aside from coronavirus,
ECP faces other social risks as well such as the rising concerns
around the access and affordability of healthcare services.
However, Moody's does not consider the ASCs to face the same level
of social risk as hospitals as ASCs are viewed as an affordable
alternative to hospitals for elective procedures. From a governance
perspective, Moody's expects financial policies to remain
aggressive given private equity ownership.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The ratings could be downgraded if ECP's revenue or profitability
weakens or if the company fails to effectively manage its rapid
growth. A downgrade could also occur if the company's liquidity
profile erodes further or the probability of a default, including
by way of a transaction that Moody's considered to be a distressed
exchange, increases.

The ratings could be upgraded if ECP demonstrates stable organic
growth while effectively executing its expansion strategy. An
upgrade would be supported if free cash flow was positive and debt
to EBITDA that Moody's expects to be maintained below 7.5 times
while maintaining a good liquidity profile.

EyeCare Partners, LLC, headquartered in St. Louis, Missouri, is the
largest medically-focused eye care services provider. ECP is
vertically integrated, providing optometry, ophthalmology and
retail products. The company supports 521 locations across 15
states and generated about $900 million of pro forma revenue during
the last twelve months ended March 31, 2020. ECP is owned by
Partners Group.

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


FIBERCORR MILLS: Hires Anthony J. Degirolamo as Counsel
-------------------------------------------------------
Fibercorr Mills, LLC, and its debtor-affiliates seek authority from
the U.S. Bankruptcy Court for the Northern District of Ohio to
employ Anthony J. Degirolamo, Attorney At Law, as counsel to the
Debtors.

Fibercorr Mills requires Anthony J. Degirolamo to:

   (a) assist the Debtors in fulfilling their duties as debtors
       in possession;

   (b) represent the Debtors with respect to motions filed in
       their chapter 11 cases, including, without limitation,
       motions for use of cash collateral or for debtor-in-
       possession financing, motions to assume or reject
       unexpired leases or executory contracts, motions for
       relief from stay, and motions for the sale or use of
       estate property;

   (c) assist the Debtors in the administration of their chapter
       11 cases.

Anthony J. Degirolamo will be paid at these hourly rates:

        Attorneys                $360
        Paralegals               $200

Anthony J. Degirolamo received $19,101 from the Debtors during the
preceding twelve months from the Debtors for legal services
rendered and expenses incurred related to the Debtors'
restructuring needs. The Firm holds $15,899 on retainer for the
Debtors.

Anthony J. Degirolamo will also be reimbursed for reasonable
out-of-pocket expenses incurred.

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

Anthony J. DeGirolamo can be reached at:

     Anthony J. DeGirolamo, Esq.
     ANTHONY J. DEGIROLAMO, ATTORNEY AT LAW
     3930 Fulton Dr., Ste. 100B
     Canton, OH 44718
     Telephone: (330) 305-9700
     Facsimile: (330) 305-9713
     E-mail: ajdlaw@sbcglobal.net

                    About Fibercorr Mills

FiberCorr Mills is a Massillon, Ohio-based manufacturer of
corrugated cardboard products.  The Shew family bought the
FiberCorr business from Georgia-Pacific in February of 2000. Cherry
Springs of Massillon II is the owner of real property consisting of
FiberCorr's business premises. Shew Industries, LLC is the parent
company of the other Debtors. Web site: http://www.fibercorr.com/

Fibercorr Mills LLC filed a Chapter 11 petition (Bankr. N.D. Ohio
Lead Case No. 20-61029) on June 17, 2020.  The Hon. Russ Kendig
oversees the case.

In the petition signed by David Shew, president, Fibercorr Mills
LLC was estimated to have assets of $1 million to $10 million, and
liabilities of $10 million to $50 million; Cherry Springs of
Massillon II, LLC was estimated to have assets and liabilities of
$1 million to $10 million; and Shew Industries' LLC was estimated
to have assets of up to $50,000, and liabilities of $1 million to
$10 million.

ANTHONY J. DEGIROLAMO, ATTORNEY AT LAW, serves as bankruptcy
counsel to the Debtors.  THE PHILLIPS ORGANIZATION, is the
financial advisor.





GABRIEL INVESTMENT: Reorganized Debtor Holds all Assets, Licenses
-----------------------------------------------------------------
Inez Cindy Gabriel filed a Joint Plan of Reorganization for Gabriel
Investment Group, Inc., Don's & Ben's, Inc., Gabriel Holdings, LLC,
SA, Discount Liquors, Inc., and Gabriel GP, Inc.

The Plan contemplates the substantive consolidation of the estates
of all of the Debtors into a single entity which will then be split
through a divisive merger into Legacy GIG and the Reorganized
Debtor.  The Reorganized Debtor will hold all of the operating
assets and associated licenses and permits, except for the assets
and permits related to a single store location which will remain
with Legacy GIG.  The Blake-Wilder Companies, LLC (hereinafter
"Blake- Wilder"), is an investor which was introduced to Ms.
Gabriel and Debtors as a candidate for a potential restructuring
transaction with Debtors by John O'Neil of National Transaction
Advisors, Inc., a Riverbend Company, who the Bankruptcy Court has
approved in a written order (Case No. 19-52298-RBK, Doc. #232) as
the investment banker for Debtors. Under the Plan, Blake-Wilder
will acquire all of the newly issued equity in the Reorganized
Debtor for a purchase price of approximately $8,259,000.  The
purchase price will be satisfied by the payment of approximately
$6,104,000 at closing, with a note or assumption of previous
liabilities of approximately $2,155,000 by the Reorganized Debtor.
Legacy GIG will also issue the Legacy GIG Note to unsecured
creditors to allow them an opportunity to participate in the sale
of the equity in Legacy GIG upon the completion of the TABC
Lawsuit. Blake-Wilder is also purchasing all of the claims of the
Debtors, thereby relieving the estate of the litigation costs and
collection contingencies inherent in pursuing such claims.

There are currently two other plans proposed for the restructuring
of Debtors -- one filed by the Official Committee of Unsecured
Creditors [backed by Nooner] and one filed by the Debtors [backed
by Omega Capital Group, LLC].  Ms. Gabriel believes her Plan would
provide more money to the creditors of the Debtors than the other
proposed plans.

Holders of Class 6 Allowed General Unsecured Claims (Distributor)
will receive on the later of either the Effective Date or the date
such Claim is Allowed, a Pro Rata share of (i) five hundred
thousand dollars ($500,000) and (ii) a beneficiary interest in the
Creditor Trust.  The payment obligation on account of Class 6
Allowed General Unsecured Claim (Distributor) shall be evidenced
by: (1). the Distributor Note payable to the Creditor Trust and
executed by the Reorganized Debtor, which shall be liable for
payment on the Distributor Note, and (2).  The Legacy GIG Note
payable to the Creditor Trust and executed by Legacy GIG, which
will be liable for payment on the Legacy GIG Note.

The Distributor Note shall contain the following terms:

   * The principal amount of the Distributor Note shall be
$1,750,000.

   * The Distributor Note will be payable in equal monthly
installments of $25,000 each month for 60 months, with a final
payment of $250,000 on the 61st month.

   * The first installment of due under the Distributor Note will
be due and payable on the first day of each month beginning on Dec.
1, 2020 and the final installment paid on December 28, 2025.

The Class 6 Allowed General Unsecured Claims (Distributor) are owed
$4,393,452.

Class 7 Allowed General Unsecured Claims (Non-Distributor) will
receive on the later of either the Effective Date or the date such
Claim is Allowed, a pro rata share of (i) $300,000 and (ii) a
beneficiary interest in the Creditor Trust.  The payment obligation
on account of Class 7 Allowed General Unsecured Claims
(Non-Distributor) shall be evidenced by: (1) the Non-Distributor
Note payable to the Creditor Trust and executed by the Reorganized
Debtor, which will be liable for payment on the Non-Distributor
Note, and (2) the Legacy GIG Note payable to the Creditor Trust and
executed by Legacy GIG, which shall be liable for payment on the
Legacy GIG Note.

The Non-Distributor Note will contain the following terms:

   * The principal amount of the Non-Distributor Note shall be
$200,000.

   * The Non-Distributor Note will be payable in yearly
installments of $50,000 on or before December 28th of each year for
four years.

   * The first installment due under the Non-Distributor Note will
be due and payable on Dec. 28, 2020 with the final installment to
be paid on December 28, 2023.

The Class 7 Allowed General Unsecured Claims (Non-Distributor) are
owed $2,030,373.

The Plan contemplates that on the Effective Date, all of the assets
of the Debtors excluding the Creditor Trust Assets and the single
package store remaining with Legacy GIG (including its inventory,
fixtures, furniture and equipment), will be transferred to
Reorganized Debtor, so that Reorganized Debtor can continue to
operate as a chain of South Texas package stores.  The Reorganized
Debtor shall continue its existence after the Effective Date for
the purposes of operating its business and satisfying its
obligations under the Plan.

A full-text copy of the Disclosure Statement dated May 30, 2020, is
available at https://tinyurl.com/yaw5lh65 from PacerMonitor.com at
no charge.

Attorneys for Inez Cindy Gabriel:

     H. ANTHONY HERVOL
     LAW OFFICE OF H. ANTHONY HERVOL
     4414 Centerview Dr., Suite 207
     San Antonio, Texas 78228
     Tel: (210) 522-9500
     Fax: (210) 522-0205
     E-mail: hervol@sbcglobal.net

          - and -

     ROYAL B. LEA, III
     BINGHAM & LEA, P.C.
     319 Maverick Street
     San Antonio, Texas 78212
     Tel: (210) 224-1819
     Fax: (210) 224-0141
     E-mail: royal@binghamandlea.com

                About Gabriel Investment Group

Gabriel Investment Group, Inc., founded in 1948, operates a chain
of package stores that sell wines, liquors, and beers.  As of the
Petition Date, Gabriel operates 15 package store locations as
Gabriel's Liquor and 30 package store locations as Don's & Ben's
Liquor.

Gabriel Investment Group sought relief under Chapter 11 of the
Bankruptcy Code (Bank. W.D. Tex. Lead Case No. 19-52298) on Sept.
27, 2019 in San Antonio Texas.  The other debtor affiliates are
Don's & Ben's Inc. (Bankr. W.D. Tex. 19-52299); Gabriel Holdings,
LLC (Bankr. W.D. Tex. 19-52300); SA Discount Liquors, Inc. (Bankr.
W.D. Tex. 19-52301); and Gabriel GP, Inc. (Bankr. W.D. Tex.
19-52302).  In the petitions signed by Inez Cindy Gabriel,
president, the Debtors were estimated to have assets at $1 million
to $10 million and liabilities within the same range.

Judge Ronald B. King oversees the cases.

The Debtors tapped Pulman Cappuccio & Pullen, LLP, as legal
counsel.

The Office of the U.S. Trustee appointed creditors to serve on the
official committee of unsecured creditors on Nov. 21, 2019.  The
committee is represented by Muller Smeberg, PLLC.


GAINESVILLE ROAD: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
Gainesville Road Community Trust, according to court dockets.

              About Gainesville Road Community Trust

Gainesville Road Community Trust sought protection under Chapter 11
of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 20-03888) on May
19, 2020.  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.  Dion R. Hancock, P.A., is Debtor's legal
counsel.


GALILEO LEARNING: Committee Hires Levene Neale as Counsel
---------------------------------------------------------
The Official Committee of Unsecured Creditors of Galileo Learning,
LLC, and its debtor-affiliates seeks authorization from the U.S.
Bankruptcy Court for the Northern District of California to retain
Levene Neale Bender Yoo & Brill L.L.P., as bankruptcy counsel to
the Committee.

The Committee requires Levene Neale to:

   a) advise the Committee with regard to the requirements of the
      Bankruptcy Court, Bankruptcy Code, Bankruptcy Rules and
      OUST as they pertain to the Committee;

   b) advise the Committee with regard to the rights, claims and
      interests of creditors and certain rights and remedies of
      the Debtors' bankruptcy estate;

   c) representing the Committee in any proceeding or hearing in
      the Bankruptcy Court involving the Debtors' estate unless
      the Committee is represented in such proceeding or hearing
      by other special counsel;

   d) conduct all services related to adversary proceedings in
      this case, except to the extent that any such adversary
      proceeding is in an area outside of the Firm's role or
      expertise;

   e) prepare and assist the Committee in the preparation of
      reports, applications, pleadings and orders including, but
      not limited to, applications to employ professionals, and
      responding to pleadings filed by any other party in
      interest in this case, including the Debtors;

   f) assist the Committee to evaluate any sale or other
      disposition of assets in the bankruptcy case;

   g) assist the Committee to evaluate the existence of any
      assets and causes of action to pursue and representing the
      Committee in connection with the pursuit of any such causes
      of action;

   h) assist the Committee with respect to any plan of
      reorganization; and

   i) perform any other services which may be appropriate in
      the Firm's representation of the Committee during the
      bankruptcy case.

Levene Neale will be paid at these hourly rates:

     Attorneys                 $495 to $610
     Paralegals                    $250

Levene Neale will also be reimbursed for reasonable out-of-pocket
expenses incurred.

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

Levene Neale can be reached at:

     Daniel H. Reiss, Esq.
     LEVENE NEALE BENDER YOO & BRILL L.L.P.
     10250 Constellation Boulevard, Suite 1700
     Los Angeles, CA 90067
     Tel: (310) 229-1234
     Fax: (310) 229-1244
     E-mail: dhr@LNBYB.com

                    About Galileo Learning

Galileo Learning, LLC operates innovative and educational summer
camps for pre-kindergarteners through tenth graders. In its 18
years of operation, Galileo Learning has invested more than $10
million in the development of more than 2,500 hours of unique
curriculum offerings.

Galileo Learning and its wholly-owned subsidiary, Galileo Learning
Franchising LLC, sought Chapter 11 protection (Bankr. N.D. Cal.
Lead Case No. 20-40857) on May 6, 2020. The petitions were signed
by Glen Tripp, chief executive officer of Galileo Learning and sole
member of Galileo Learning Franchising.

Galileo Learning estimated assets and liabilities of $10 million to
$50 million while Galileo Learning Franchising estimated assets of
$1 million to $10 million and estimated liabilities of less than
$50,000.

Judge William J. Lafferty oversees the cases.

Debtors hired Hanson Bridgett, LLP as bankruptcy counsel and Tyton
Partners Capital Markets, LLC as investment banker and financial
advisor. Stretto is the claims and noticing agent.

The U.S. Trustee for Region 17 appointed a committee of unsecured
creditors.  The committee is represented by Levene, Neale, Bender,
Yoo & Brill L.L.P.


GANDYDANCER LLC: Seeks to Hire Carr Riggs as Accountant
-------------------------------------------------------
GandyDancer, LLC, seeks authority from the U.S. Bankruptcy Court
for the District of New Mexico to employ Carr Riggs & Ingram, LLC,
as accountant to the Debtor.

GandyDancer, LLC requires Carr Riggs to:

   a. provide advice and assistance to the Debtor in connection
      with analyzing, structuring, negotiating and effecting a
      financial plan, and acting as financial advisor and
      consultant to the Debtor in connection with any potential
      restructuring of the Debtor's outstanding indebtedness;

   b. provide advice and assistance to the Debtor in connection
      with analyzing, structuring, negotiating and effecting, and
      implementing policies to ensure adherence to a cash flow
      plan;

   c. become familiar with, to the extent CRI deems appropriate,
      and analyzing, the business, operations, properties,
      financial condition and prospects of the Debtor;

   d. assist and advise the Debtor in ongoing operations on
      behalf of the Debtor; and

   e. render such other financial advisory or consulting services
      as may from time to time be agreed upon by the Debtor and
      Carr Riggs.

Carr Riggs will be paid at these hourly rates:

     Rosane A. Hayes               $300
     Associates                $120 to $280

Carr Riggs will also be reimbursed for reasonable out-of-pocket
expenses incurred.

To the best of the Debtor's knowledge the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Carr Riggs can be reached at:

     Carr Riggs & Ingram, LLC
     2424 Louisiana Blvd.
     Albuquerque, NM 87110
     Tel: (505) 888-2727

                       About GandyDancer

GandyDancer, LLC, provides underground utilities, railroad
construction, maintenance, excavation, heavy-haul transportation,
bridge construction, and demolition services.

GandyDancer, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
N.M. Case No. 19-12669) on Nov. 21, 2019, before the Hon. David T.
Thuma, listing under $50,000 in assets and between $1 million to
$10 million in liabilities.  The petition was signed by Jamin
Hutchens, managing member. The Debtor is represented by Don F.
Harris, Esq., and Dennis A. Banning, Esq., at NM Financial & Family
Law, as counsel.


GARDA WORLD: S&P Alters Outlook to Negative, Affirms 'B' ICR
------------------------------------------------------------
S&P Global Ratings revised its outlook on Montreal-based security
and cash services provider Garda World Security Corp. to negative
from stable. At the same time, S&P affirmed its 'B' issuer credit
rating on the company.

S&P also affirmed its 'B' issue-level rating on Garda's secured
debt and its 'CCC+' rating on the company's senior unsecured debt.
The '3' and '6' recovery ratings on the secured and unsecured debt,
respectively, are unchanged.

S&P's outlook revision reflects its estimate for Garda's leverage
measures to remain above its expectations for the rating. Garda's
leverage measures have consistently remained above S&P's estimates
over the past two fiscal years (including the impact of
debt-financed acquisitions). S&P now estimates the ratio to
increase to about 8.5x this year, against its previous expectations
of below 8.0x. Its estimates include the impact of a weaker
Canadian dollar, which increases the company's reported debt (U.S.
dollar-denominated debt converted to Canadian dollar).

The ongoing pandemic, associated restrictions, and reduced economic
activity have affected demand and revenues for the company's cash
services, aviation, and special event businesses in North America.
S&P expects the company's cash services segment (which is a
higher-margin business) to experience a near-term volume decline,
with an estimated full-year organic revenue drop of more than 5%.
S&P estimates aviation services-linked revenues to decline by 20%
until air passenger traffic picks up, and expect minimal demand for
services for special events (such as sporting and concerts). The
company has cut costs, including reducing and redeploying staff
elsewhere, in light of demand weakness in these areas but S&P
believes this might not be sufficient to fully negate the impact of
lower revenues.

On the other hand, increased security services demand at hospitals,
seniors' homes, and some of the essential retail businesses are
benefitting the company's overall revenues in the protection
services segment despite softness in some conventional areas of
protection services. In addition, Garda's international protection
services revenues (largely linked to government and large corporate
contracts), contributions from acquisitions completed last year,
and newer international contracts should help mitigate the impact
of COVID-19-related disruptions on the company's earnings and cash
flows this year. As a result, S&P expects Garda's adjusted EBITDA
to increase only moderately this year.

For fiscal 2022, S&P estimates Garda's leverage will improve to
about 8x, which could support a stable outlook at the existing
rating. However, S&P can't rule out further downside to its
assumptions mainly related to the uncertain impact of the pandemic
on macroeconomic conditions and the company's business lines. In
particular, it is possible that changes in consumer behavior (such
as increased online, noncash transactions) could lead to reduced
demand for Garda's cash services business. In addition, the
company's high debt level results in the heightened sensitivity of
Garda's credit measures to relatively modest declines in earnings
and cash flow. S&P's rating continues to reflect the financial
policies of Garda's private equity ownership, and the rating agency
cannot rule out future acquisitions that add incremental debt.

S&P expects Garda to have sufficient liquidity through next year.
It estimates Garda will be able to maintain sufficient liquidity
through next year to manage its funding needs. S&P expects the
company's capital expenditures (capex) to meaningfully decline this
year (because spending remains focused on newer contracts and
essential equipment as a means to preserve cash), which will
support free cash flow generation, and the rating agency assumes no
material acquisition activity this year. However, S&P does not
expect free cash flow generation would be used to materially reduce
the company's high debt load over the next two years and could
potentially be used for opportunistic acquisitions.

S&P expects Garda's cash on hand and availability under the credit
facility to remain ample to manage the company's ongoing
operational and liquidity needs. Also, Garda does not have any
near-term debt maturities, with its revolver due in October 2024
representing its earliest debt maturity.

Garda's business risk profile continues to reflect the company's
leading position in Canada and overall end-market diversity. Garda
is one of the largest logistics and security solutions companies in
the world, with good customer and geographic diversity, and high
contract renewal rates (S&P estimates about 90%). The company also
benefits from end-market diversity, with no customer accounting for
more than 10% of revenues, a highly variable cost structure, and
relative stability of its core protective services business (which
represents about 70% of its fiscal 2020 revenue with a leading
market position in Canada). Within the cash services business
(about 30% of Garda's fiscal 2020 revenue), the company is among
the top three service providers in North America, with a leading
position (S&P estimates a 30%-35% market share) in Canada. However,
S&P believes Garda has smaller scale and geographic diversification
than that of its higher-rated global peers--including G4S PLC
(BBB-/Stable/A-3), Securitas AB (BBB/Stable/A-2), Prosegur
Compañía de Seguridad S.A. (BBB/Stable/A-2), and The Brink's Co.
(BB/Stable/--)–-with Garda having more aggressive financial
policies.

Environmental, social, and governance credit factors relevant to
the rating action:

-- Health and safety

The negative outlook reflects S&P's expectation for Garda's
leverage measures to remain above its expectations for the rating
with debt-to-EBITDA of about 8.5x this year and the risk that it
would be sustained above 8.0x on a pro forma basis beyond this
year. However, S&P expects the company to maintain ample liquidity
and generate positive free cash flows this year.

"We could lower our ratings on Garda within the next 12 months if
we expect the company will sustain adjusted debt-to-EBITDA above
8.0x on a pro forma basis or its adjusted funds from operations
(FFO) cash interest coverage approaches 1.5x. This could occur from
weaker-than-expected earnings and cash flow, most likely related to
the pandemic and the corresponding negative impact on macroeconomic
conditions. It could also occur if debt levels increase materially
to potentially finance acquisitions with poor prospects of
improving credit metrics," S&P said.

"We could revise the outlook to stable in the next 12 months if
stronger-than-expected demand for the company's services leads to
revenues and cash flows well above our base-case expectations. In
such a scenario, we would expect the impact of the COVID-19
pandemic to subside and economic activity to rebound, leading to
leverage sustained below 8x and FFO cash interest coverage close to
2x on a pro forma basis," the rating agency said.


GNC HOLDINGS: S&P Cuts ICR to 'D' on Chapter 11 Bankruptcy Filing
-----------------------------------------------------------------
S&P Global Ratings lowered all its ratings on Pittsburgh-based GNC
Holdings Inc. (GNC), including its issuer credit rating, to 'D'.

The downgrade follows GNC's announcement that it filed voluntary
petitions for reorganization under Chapter 11 of the U.S.
Bankruptcy Code as part of a prearranged restructuring agreement.
In connection with the filing, the company entered into a
restructuring support agreement with the holders of approximately
92% of the principal amount of its tranche B-2 term loan and
approximately 87% of the principal amount of its asset-based
lending FILO term loan. The company will continue to operate
through the bankruptcy process and has sourced at least $130
million of debtor-in-possession financing.

S&P expects to discontinue its ratings on the company in the next
30 days.

Environmental, social, and governance (ESG) credit factors for this
credit rating change:

-- Health and safety


GOLDEN STATE: Moody's Hikes CFR to B2, Outlook Stable
-----------------------------------------------------
Moody's Investors Service upgraded the ratings of Golden State
Buyer, Inc. (borrowing entity of Golden State Medical Supply, Inc.,
collectively, "Golden State"), including the Corporate Family
Rating to B2 from B3, Probability of Default Rating to B2-PD from
B3-PD, first lien senior secured term loan and revolver to B1 from
B2, and second lien senior secured term loan to Caa1 from Caa2. The
outlook is stable.

The ratings upgrade reflects Golden State's improving credit
profile supported by Moody's expectation that Golden State will
maintain debt/EBITDA below 6x through 2021 with good free cash
flow. EBITDA growth since the time of its leveraged buyout in June
2019 is driving debt/EBITDA down. Golden State has been benefitting
from some meaningful product adds in its non-exclusive business
selling to the US government (selling via Multiple Award Schedules,
specifically, the Federal Supply Schedule) that also boost
operating margins. While Moody's believes these opportunities are
temporary, Golden State will continue to grow revenue and earnings
through 2021 by adding new products to its offering to the
government and winning the majority of re-compete bids for already
contracted products that expire in 2020 and 2021.

Ratings upgraded:

Golden State Buyer, Inc.

Corporate Family Rating to B2 from B3

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

First lien senior secured credit facilities to B1 (LGD3) from B2
(LGD3)

Second lien senior secured term loan to Caa1 (LGD5) from Caa2
(LGD5)

Outlook action:

The outlook is stable.

RATINGS RATIONALE

The B2 Corporate Family Rating reflects Golden State's moderately
high financial leverage in light of high customer concentration
with the US Department of Veteran's Affairs and the Department of
Defense, which account for all of its revenues. Moody's estimates
that debt/EBITDA for the 12 months ended March 31, 2020
approximated 5.9x and forecasts an improvement to under 5.5x in
2021. A key constraint is contract re-bidding risk. In order to
grow earnings, Golden State must compete for new and existing
government contracts, as well as expand the share of generic drugs
that manufacturers sell to the government through resellers. More
than 20 National Contracts are up for re-bid through 2021, however,
Moody's expects Golden State will re-bid and win the majority of
these contracts. A large percent of revenue is derived from
long-term, exclusive contracts with relatively high win-rates,
resulting in lower earnings volatility as compared to generic
manufacturers in non-government markets.

The stable outlook reflects Moody's view that Golden State will
continue to generate good free cash flow, offset by moderately high
debt/EBITDA above 5x over the next 12-18 months.

Golden State's liquidity profile will be good over the next 12
months. Golden State reported cash of $28 million at March 31,
2020, including $14 million drawn on its revolver. Moody's expects
that the revolver will be repaid in full and that Golden State will
generate more than $20 million in free cash flow over the next 12
months. Mandatory debt amortization is modest at $3 million per
year and capital expenditures are low, typically less than $1
million per quarter. The revolver has a 7x springing maximum first
lien net leverage financial covenant that is tested once borrowings
exceed 35% ($14 million). The covenant steps down to 6.50x in March
2021. Moody's does not expect the company to test the covenant
based on modest future borrowing expectations.

ESG considerations are material to the rating. Moody's regards the
coronavirus outbreak as a social risk under Moody's ESG framework,
given the substantial implications for public health and safety.
The rapid and widening spread of the coronavirus outbreak,
deteriorating global economic outlook, falling oil prices, and
asset price declines are creating a severe and extensive credit
shock across many sectors, regions and markets. The combined credit
effects of these developments are unprecedented.

Beyond the outbreak, ESG considerations include Golden State's
leveraged buyout in June 2019 which resulted in high financial
leverage, a governance risk. Moody's believes Golden State's
financial policy will be balanced to include voluntary debt
repayment over time.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The ratings could be downgraded if Moody's expects Golden State's
debt/EBITDA to be sustained above 6x. Failure to successfully
manage its re-bid of expiring national contracts each year could
also result in a downgrade.

The ratings could be upgraded if Golden State can sustain
debt/EBITDA below 4.5x while generating good free cash flow.
Demonstrating new national contract adds and improving supplier
concentration would also be needed.

Golden State Buyer, Inc., doing business via its operating
subsidiary, Golden State Medical Supply, Inc. is a repackager and
distributor of generic pharmaceuticals, primarily supplying US
government agencies, such as the Department of Veteran Affairs and
the Department of Defense. The company is owned by private equity
sponsor Court Square Capital Partners. Reported revenue for the
twelve months ended March 31, 2020 was approximately $440 million.

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


H-BAY MINISTRIES: S&P Cuts 2018A Senior Living Bond Rating to 'B+'
------------------------------------------------------------------
S&P Global Ratings lowered its long-term rating on Capital Trust
Agency, Fla.'s series 2018A senior living bonds to 'B+' from 'BB',
and its rating on the agency's second-tier 2018B senior living
revenue bonds to 'B-' from 'B'. The bonds were issued for H-Bay
Ministries Inc., Texas' Superior Residences project in Florida. The
outlook is negative. The ratings are no longer under criteria
observation.

The borrower, H-Bay Ministries Inc., an affiliate of The Emmaus
Calling (TEC), initially used the bond proceeds to acquire a pool
of five stand-alone senior rental properties under the Superior
Residences brand. The Florida-based properties are in Hillsborough,
Lake, Citrus, Okaloosa, and Marion counties and consist of 340
assisted living and memory care units. Approximately $52.4 million
is outstanding for the 2018A bonds, and $20 million for the 2018B
bonds. There is also a 2018C third-tier tranche outstanding at
about $8.7 million, which is not rated.

"The downgrades reflect further financial deterioration in the
transaction, which has resulted in a breach of the 1x debt service
coverage (DSC) covenant on all bonds outstanding as per regulatory
filing documents," said S&P Global Ratings credit analyst Adam
Torres. Therefore, senior-lien bondholders of at least 25% of
associated debt outstanding have remedy rights, although the intent
of such holders is unclear at this time.

The ratings on both bond tiers reflect S&P's opinion of the
projects':

-- Coverage and liquidity that S&P considers very weak, with DSC
in 2019 below 1x;

-- Weak-to-very weak management and governance assessment of the
project owner and associated parties, due to turnover in both asset
manager and property manager roles following a debt service draw
and missed bond payment at another property within TEC's portfolio;
and

-- Adequate market position, as evidenced by strong physical
condition, weak occupancy, and adequate demand and supply
considerations.

"We also note that DSC calculations at this time reflect financial
and occupancy results occurring as of fiscal year-end Dec. 31,
2019, prior to the effects of the COVID-19 pandemic. Therefore, we
believe this factor adds further ongoing risk to occupancy levels,
which is key to an improvement in our opinion of the transaction,"
S&P said.

S&P believes environmental and governance factors are in line with
the sector standard. However, the ongoing pandemic does present a
social risk particular to the stakeholder-residents that the
properties serve. Management has informed S&P that in Florida at
this time, the properties are prevented from adding residents
except in the case of medical need. Management believes this
restriction is depressing occupancy, extending its lower occupancy
rates reported in 2019, which has led to the overall financial
deterioration.

"We could lower the ratings further should the properties rely on
debt service reserves--which only exist below the senior lien--to
meet debt service payments. In addition, should sufficient
beneficiary holders of senior bonds outstanding direct the trustee
to utilize remedies to accelerate bonds, we could also lower the
ratings," S&P said.

"We could revise the outlook to stable should occupancy stabilize,
further leading to DSC above 1x as per our calculations," the
rating agency said.


HANKEY O'ROURKE: Wants Until Aug. 10 to File Plan & Disclosures
---------------------------------------------------------------
Hankey O'Rourke Enterprises, LLC, moves the Court to extend the
deadline for it to file its disclosure statement and plan to August
10, 2020.

The COVID-19 pandemic has obviously created an enormous disruption
in the
Cove's ability to operate.  It was ordered to close in late March,
and has not operated since then.  While the Governor has been
issuing orders to facilitate a phased reopening of businesses, it
appears that entertainment businesses such as bowling alleys are
designated as "Phase 4" businesses. At this time, there is no date
planned for when such businesses will be permitted to reopen, or on
what conditions reopening will be allowed. It would be almost
impossible to develop meaningful projections until there is more
certainty in the health and safety conditions under which the Cove
will be required to resume operations.

The COVID-19 pandemic constitutes truly unforeseen circumstances,
which justify a further extension of the deadline, the Debtor's
attorney tells the Court.

Attorney for the Debtor:

     Steven Weiss, Esquire
     Shatz, Schwartz and Fentin, PC
     1441 Main Street, Suite 1100
     Springfield, MA 01103
     Tel: (413) 737-1131
     E-mail: sweiss@ssfpc.com

                    About Hankey O'Rourke  

Hankey O'Rourke Enterprises LLC, a privately held company in Great
Barrington, Mass., filed a voluntary petition under Chapter 11 of
the Bankruptcy Code (Bankr. D. Mass. Case No. 19-30500) on June 21,
2019.  In the petition signed by Juanita O'Rourke, manager, the
Debtor was estimated to have $1 million to $10 million in both
assets and liabilities.  The case is assigned to Judge Elizabeth D.
Katz.  Shatz, Schwartz & Fentin, P.C., is the Debtor's counsel.


HERTZ GLOBAL: S&P Discontinues Ratings on Chapter 11 Filing
-----------------------------------------------------------
S&P Global Ratings is discontinuing all of its ratings on Hertz
Global Holdings Inc. following its May 22, 2020, Chapter 11
bankruptcy filing. The company has yet to file a reorganization
plan.

On May 27, 2020, S&P lowered all of its ratings on car renter Hertz
Global to 'D' after the company filed a voluntary petition for
reorganization under Chapter 11 of the U.S. Bankruptcy Code.


JB AND COMPANY: Court Approves Disclosure Statement
---------------------------------------------------
The Disclosure Statement of JB and Company Chevron, LLC, was
conditionally approved by the Court on April 30, 2020.

There was one objection to the Disclosure Statement, filed by New
Mexico
Department of Taxation and Revenue on May 20, 2020. Docket No.
125.

New Mexico Department of Taxation and Revenue withdrew its
objection to final approval of the Disclosure Statement in open
court on June 2, 2020.

Accordingly, Judge Robert H Jacobvitz has ordered that the Debtor
in Possession's Disclosure Statement, filed April 20, 2020, is
approved.

Counsel for the Debtor:

     Michael K. Daniels
     PO Box 1640
     Albuquerque, NM 87103
     (505) 246-9385; 247-1536

                 About JB and Company Chevron

JB and Company Chevron, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D.N.M. Case No. 19-11504) on June 24,
2019.  At the time of the filing, the Debtor was estimated to have
assets of less than $500,000 and liabilities of less than $1
million.  The case is assigned to Judge Robert H. Jacobvitz.
Michael K. Davis, Esq., is counsel to the Debtor.


JB AND COMPANY: Court Confirms Reorganization Plan
--------------------------------------------------
Judge Robert H Jacobvitz has ordered that the Plan of
Reorganization, filed by JB and Company Chevron, LLC, is
confirmed.

The Effective Date of this Plan will be 30 days from the date this
Confirmation Order is entered, notwithstanding Paragraph 8.2 of the
Plan.

There is a typographical error on Page 8 of the Plan of
Reorganization; on the eighth row down on the table property is
inaccurately labeled "Intangibles/Intellectual Property (Sale of
Sandia Brand to Xcaliber)"; the correct label is "Dispenser's
Liquor License"; the dollar values in the table are accurate.  The
label is hereby corrected to “Dispenser’s Liquor License".

As a condition precedent to the sale of the Liquor License as a
partial funding mechanism for the plan, the Debtor will provide all
tax reporting required by TRD.  TRD will be under no obligation to
provide a tax clearance or release its claims against the Liquor
License unless and until its claim is paid in full from the
proceeds of the sale of the Liquor License.  If not paid before,
TRD's claim will be paid in full at closing from the proceeds of
the sale of the Liquor License, any plan provision to the contrary
notwithstanding.

The Debtor will commence making payments to all creditors pursuant
to the terms of the Plan, which generally require payments to
creditors upon the sale of the liquor license and the exercise by
Juan Cisneros of a purchase option contained in the lease of the
premises approved by the Court on May 21, 2020.

Article V, Section 4.01(2) of the Plain is modified as follows: the
Stay Agreement between this Debtor, the Debtors in the companion
case of Johnny & Nancy Gonzales, Case No. 13-19-11501 JS and
Centinel Bank of Taos is fully incorporated into the Plan of
Reorganization.  To the extent this Debtor and/or the Gonzales
Debtors miss any of the deadlines contained in the Stay Agreement,
the consequences contained in the Stay Agreement will take place
exactly as if they had been set forth in the Plan of
Reorganization, despite any language in the Plan of Reorganization
that might be interpreted differently.

The Debtor will provide Centinel Bank of Taos with proof of full
insurance coverage listing Centinel Bank as an additional loss
payee no later than June 8, 2020; the automatic stay shall lift as
to all Centinel Bank collateral on June 9, 2020 with no further
notice, order or hearing in this case and also in the Johnny &
Nancy Gonzales Chapter 13 proceeding, currently pending as
13-19-11501 JS, if Debtor or Juan Cisneros does not provide that
proof of insurance.

Counsel for the Debtors:

     Michael K. Daniels
     PO Box 1640
     Albuquerque, NM 87103
     Tel: (505) 246-9385
     Fax: (505) 246-9104

               About JB and Company Chevron

JB and Company Chevron, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D.N.M. Case No. 19-11504) on June 24,
2019.  At the time of the filing, the Debtor was estimated to have
assets of less than $500,000 and liabilities of less than $1
million.  The case is assigned to Judge Robert H. Jacobvitz.
Michael K. Davis, Esq., is counsel to the Debtor.


K & L TRAILER: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: K & L Trailer Sales And Leasing, Inc.
        7828 Rutledge Pike
        Knoxville, TN 37924

Business Description: K & L Trailer Sales and Leasing
                      -- http://kandltrailers.com-- is a family
                      owned business, specializing in the sale,
                      service, and leasing of a wide variety of
                      trailers.  The company carries Trailstar,
                      Pitts Trailers, Manac, Reitnouer,
                      Transcraft, Eager Beaver, & ITI trailers.

Chapter 11 Petition Date: June 29, 2020

Court: United States Bankruptcy Court
       Eastern District of Tennessee

Case No.: 20-31619

Judge: Hon. Suzanne H. Bauknight

Debtor's Counsel: Maurice K. Guinn, Esq.
                  GENTRY, TIPTON AND MCLEMORE, PC
                  P.O. Box 1990
                  Knoxville, TN 37901
                  Tel: (865) 525-5300
                  E-mail: mkg@tennlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Kris Fellhoelter, 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/tKNmaG


K&L TRAILER LEASING: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: K&L Trailer Leasing, Inc.
        7828 Rutledge Pike
        Knoxville, TN 37924

Chapter 11 Petition Date: June 29, 2020

Court: United States Bankruptcy Court
       Eastern District of Tennessee

Case No.: 20-31620

Judge: Hon. Suzanne H. Bauknight

Debtor's Counsel: Maurice K. Guinn, Esq.
                  GENTRY, TIPTON AND MCLEMORE, PC
                  P.O. Box 1990
                  Knoxville, TN 37901
                  Tel: (865) 525-5300
                  Email: mkg@tennlaw.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Kris Fellhoelter, 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/GRMtOC


KISCO HEALTH: Gets Court Approval to Hire Bankruptcy Attorney
-------------------------------------------------------------
Kisco Health & Fitness Inc. received approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire
Nathan Horowitz, Esq., as its bankruptcy attorney.  

The services to be provided by the attorney include:

     (a) preparing Debtor's bankruptcy schedules, statement of
financial affairs, and other documents;

     (b) examining claims, instituting the necessary proceedings to
determine validity of the claims, and conducting negotiations with
respect to payment of those claims;

     (c) advising Debtor of its power and duties in the continued
operation of its business and management of its property.

     (d) taking the necessary legal steps to enjoin and stay, until
final decree, pending actions against Debtor;

     (e) preparing legal papers;

     (f) representing Debtor in negotiations with creditors for the
borrowing of funds;

     (g) examining the status and merits of all executory contracts
and leases;

     (h) instituting proceedings and determining the status,
validity and the amount of disputed claims;

     (i) assisting Debtor in the sale of its property;

     (j) preparing applications to employ bankruptcy professionals;
and

     (k) file proceedings pursuant Section 105 of the Bankruptcy
Code.

The attorney will charge an hourly fee of $400 for his services.
The rate for court appearances is $450 per hour.  

Mr. Horowitz assured the court that he is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code.

Mr. Horowitz holds office at:

       Nathan Horowitz, Esq.
       One Barker Avenue, 3rd Floor
       White Plains, NY 10601
       Tel: (914) 684-0551
       Email: nathan@nathanhorowitzlaw.com

                   About Kisco Health & Fitness

Based in Mount Kisco, N.Y., Kisco Health & Fitness Inc. filed its
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 20-22732) on June 9, 2020, listing
under $1 million in both assets and liabilities.  Debtor has tapped
Nathan Horowitz, Esq., as its bankruptcy attorney.


KISCO HEALTH: Seeks to Hire Grenier Lender as Accountant
--------------------------------------------------------
Kisco Health & Fitness Inc. seeks authority from the U.S.
Bankruptcy Court for the Southern District of New York to hire
Grenier Lender, LLP as its accountant.

The firm's services will include the preparation of tax returns,
bookkeeping services, and general financial and tax advice.  In
addition, the firm may assist Debtor in the preparation of its
monthly operating statements and in the formulation of a Chapter 11
plan.

Grenier Lender will receive a fixed fee of $1,500 for the
preparation of tax returns. The hourly rates for its other services
range from $100 to $250.

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

The firm can be reached through:

     Joshua Grenier, CPA
     Grenier Lender LLP
     107 Mill Plain Road, Suite 205
     Danbury, CT 06811
     Phone: +1 203-778-8340

                   About Kisco Health & Fitness

Based in Mount Kisco, N.Y., Kisco Health & Fitness Inc. filed its
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 20-22732) on June 9, 2020, listing
under $1 million in both assets and liabilities.  Debtor has tapped
Nathan Horowitz, Esq., as its bankruptcy attorney.


KLAUSNER LUMBER TWO: U.S. Trustee Appoints Creditors' Committee
---------------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 on June 25, 2020, appointed a
committee to represent unsecured creditors in the Chapter 11 case
of Klausner Lumber Two, LLC.

The committee members are:

     1. Greenline CDF Subfund XXXIV, LLC
        J. Nathan Perry
        1324 15th Street
        Denver, CO
        Phone: (303) 586-8007
        E-mail: nperry@greenlineventures.com.

     2. VSC Fire & Security, Inc.
        Attn: Fritz A. Mehler
        10342-B Kings Acres Road
        Ashland, VA
        Phone: 804-459-2217
        E-mail: fmehler@vscfire.com

     3. LSAB Sverige Forsalning AB
        Attn: Åsa Wall, Svinohed
        415 776 415
        Langshytan, Sweden
        Phone: +46 739 61 11 05
        E-mail: asa.wall@lsab.se.
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                  About Klausner Lumber Two

Klausner Lumber Two, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 20-11518) on June 10,
2020.  At the time of the filing, Debtor had estimated assets of
between $10,000,001 and $50 million and liabilities of between
$100,000,001 and $500 million.  The Debtor has tapped Westerman
Ball Ederer Miller Zucker & Sharfstein, LLP and Morris, Nichols,
Arsht & Tunnell, LLP as its bankruptcy counsel.


LAKEWAY PUBLISHERS: Unsecureds Will be Paid in Full
---------------------------------------------------
Lakeway Publishers, Inc., and Lakeway Publishers Of Missouri, Inc.,
submitted a Second Amended Plan of Liquidation.

This Plan of Liquidation under Chapter 11 of the Bankruptcy Code
proposes to pay creditors of Lakeway Publishers of Missouri from
the sale of its newspaper publishing business.  The Plan provides
for classes of secured and unsecured claims.  This Plan also
provides for the payment of administrative and priority claims to
the extent permitted by the Code or the claimant's agreement.
General Unsecured Claims will be paid in full.

Lakeway Publishers of Missouri, Inc., intends to sell the entire
newspaper and publishing business for $7.65 million dollars, and
make distributions according to this plan.

A full-text copy of the Second Amended Plan of Liquidation dated
June 3, 2020, is available at https://tinyurl.com/ycpf9a7z from
PacerMonitor.com at no charge.

Attorney for the Debtor:

     Ryan E. Jarrard, Esq.
     QUIST, FITZPATRICK & JARRARD, PLLC
     2121 First Tennessee Plaza
     Knoxville, TN 37929-9711
     Tel: (865) 524-1873
     E-mail: rej@QCFlaw.com

                    About Lakeway Publishers

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

Lakeway Publishers, Inc., and affiliate Lakeway Publishers of
Missouri, Inc. each filed a voluntary petition under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Tenn. Lead Case No. 19-51163) on
May 31, 2019.  In the petitions signed by Jack R. Fishman,
president, Lakeway Publishers, Inc., disclosed $20,884,027 in
assets and $9,245,645 in liabilities while Lakeway Publishers of
Missouri listed $7,047,972 in assets and $9,206,193 in
liabilities.

The Debtors tapped Quist, Fitzpatrick & Jarrard, PLLC, led by Ryan
E. Jarrard, as bankruptcy counsel; and Burnette Dobson & Pinchak,
as special counsel.


LIBBEY INC: S&P Withdraws 'D' Issuer Credit Rating
--------------------------------------------------
S&P Global Ratings withdrew its 'D' issuer credit rating on Toledo,
Ohio-based glassware manufacturer Libbey Inc., at the company's
request. S&P also withdrew its 'D' issue-level rating on Libbey's
senior secured term loan due 2021. S&P had lowered the company's
issuer credit rating to 'D' on June 1, 2020, following Libbey's
Chapter 11 bankruptcy declaration. S&P had lowered its issue-level
rating on the company's senior secured debt to 'D' on April 14,
2020, following the deferral of a mandatory excess cash flow sweep
on its term loan.



LUMASTREAM INC: Wants Until Sept. 1 to File Plan & Disclosures
--------------------------------------------------------------
LUMASTREAM, INC., requests the entry of an order extending the time
to file its disclosure statement and plan of reorganization and in
support thereof.

The Debtor's attempt to sell substantially all of its assets at an
auction was not successful.  The Debtor needs an additional 90 days
to work with parties in interest and prepare its disclosure
statement and plan.

Accordingly, the Debtor requests that the Court extend the time for
filing of its disclosure statement and plan through and including
September 1, 2020.

Attorneys for the Debtor:

     Scott A. Stichter
     Stichter Riedel Blain & Postler, P.A.
     110 East Madison Street, Suite 200
     Tampa, Florida 33602
     Telephone: (813) 229-0144
     E-mail: sstichter@srbp.com

                    About LumaStream Inc.

LumaStream, Inc., a St. Petersburg, Florida-based manufacturer of
low-voltage LED lighting systems for commercial and residential
applications, filed a Chapter 11 petition (Bankr. M.D. Fla. Case
No. 20-00999) on Feb. 5, 2020.  In the petition signed by George
Gordon, president, the Debtor was estimated to have between $50
million and $100 million in assets, and between $1 million and $10
million in liabilities.  Stichter, Riedel, Blain & Postler, P.A.,
is the Debtor's counsel.


MAXAR TECHNOLOGIES: S&P Rates New $150MM Senior Secured Notes 'B'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'B' rating to Maxar Technologies
Inc.'s new $150 million senior secured notes due 2027. At the same
time, S&P affirmed its 'B' rating on the company's existing term
loan B due 2024 and senior secured notes due 2023, which the
company plans to decrease by $150 million. The '3' recovery rating
indicates S&P's expectation for meaningful (50%-70%; rounded
estimate: 50%) recovery.

Maxar plans to use the proceeds from the new debt for general
corporate purposes, including funding its acquisition of the
remaining 50% of the Vricon Inc. joint venture that it doesn't
already own. Maxar expects the additional earnings from Vricon to
expand its Earth Intelligence segment through growth in areas using
3D data processing. Although Vricon's capabilities predominantly
address the defense market, there are also commercial uses for its
products, including siting wireless antennas and autonomous cars.

The company plans to use proceeds from the divestiture of MDA
Systems to repurchase $150 million of its existing senior secured
notes due 2023. S&P previously expected Maxar would use those funds
to repay a portion of the term loan B, but the company has opted to
reduce the notes in an effort to decrease interest expense.

"Our 'B' issuer credit rating on Maxar is unchanged by this
transaction, though near-term debt to EBITDA will be slightly
higher than we previously forecast, at 6.5x-6.9x in 2020. We expect
cash flow to improve as investments in the Legion satellite
constellation decline, enabling Maxar to reduce debt and resulting
in its debt to EBITDA decreasing to 5.8x-6.2x in 2021 and below 5x
in 2022," S&P said.

Issue Ratings--Recovery Analysis

Key analytical factors

-- Pro forma for the acquisition, Maxar's proposed capital
structure comprises a $500 million cash flow revolver due 2023, a
$2 billion term loan B ($1.48 billion outstanding) due 2024, $850
million of senior secured notes due 2023 (down from $1 billion),
and $150 million of new senior secured notes due 2027, all of which
are pari passu with the credit facility.

-- S&P has valued Maxar on a going concern basis using a 5x
multiple of its projected emergence EBITDA.

-- Other key assumptions at default include: LIBOR of 2.5% and the
revolver is 85% drawn.

Simulated default assumptions

-- Default year: 2023
-- EBITDA at emergence: $353 million
-- Multiple: 5x

Simplified waterfall

-- Net enterprise value (after 5% administrative costs): $1.68
billion

-- Valuation split (obligors/nonobligors): 100%/0%

-- Collateral value available to first-lien debt lenders: $1.57
billion

-- First-lien debt claims: $2.9 billion

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


MITCHELL TOPCO: S&P Rates $675MM First-Lien Add-On 'B-'
-------------------------------------------------------
S&P Global Ratings said it assigned its 'B-' issue rating to the
$675 million incremental add-on to the first lien term loan.
Additionally, S&P affirmed its 'B-'issuer credit rating on
information technology and claims adjuster Mitchell Topco Holdings
Inc. The outlook remains stable.

At the same time, S&P's 'B-' rating on Mitchell's $2.425 billion
first-lien credit facility ($125 million revolver and $2.3 billion
first-lien term loan) with a '3' recovery reflecting its
expectation of a meaningful recovery of (50%-70%; rounded estimate
55%) remains unchanged, as does its 'CCC' rating on the company's
$300 million second-lien term loan with a '6' recovery rating (a
negligible recovery).

The affirmation reflects the benefits of the Coventry acquisition
for Mitchell that enhances its presence in the casualty and
clinical solutions sectors, allowing the combined entity to further
diversify its business mix including auto physical damage and
technology solutions lines. S&P expects organic growth for Mitchell
(including legacy Genex) and Coventry to contract in 2020 because
of COVID 19, which is limiting claim volume in workers compensation
and auto physical damage due to shelter in place and other
restrictions. But S&P thinks the costs taken out of the business,
cross-selling opportunities, and more-complete offerings for
carrier, third-party administration, and employer partners will
somewhat mitigate this.

As a result of the transaction, S&P expects financial leverage
improving to 7.6x from 8.4x after the close because of the capital
structure mix financing (sponsor equity and incremental debt) the
deal and strong results for both groups over the past 12 months. By
year-end 2020, the rating agency expects leverage to deteriorate to
8.5x-8.8x due to organic revenue and EBITDA margin contraction with
financial leverage improving to 7.5x-8.0x in 2021 as the benefits
of synergy are realized and market conditions return to more normal
levels.

"We view Mitchell's liquidity as adequate to support its operating
needs. We believe the company can withstand the severe adverse
market environment over the next 12 months while maintaining
sufficient liquidity to meet its obligations, partly because debt
maturities are minimal. We expect liquidity sources to exceed uses
by at least 1.2x and net sources to remain positive, even with an
unanticipated 15% decline in EBITDA," S&P said.

The stable outlook reflects S&P's expectation that Mitchell's
leverage will rise to 8.5x-9.0x by year-end 2020 due to claim
volume contraction in response to COVID-19, though the rating
agency anticipates deleveraging in 2021 once claim volume returns
to historical levels as the impact of the pandemic lessens. S&P
expects Mitchell's liquidity to remain sufficient and for cash flow
after debt servicing to remain modestly positive in 2020.

"We could lower the ratings if leverage exceeds and remains above
10x, with EBITDA interest coverage declining to the mid-1x area.
Mounting liquidity pressures, such as covenants limiting full
revolver access or sustained drops in free cash flow, could also
lead to a downgrade," S&P said.

"We could raise our ratings in the next 12 months if Mitchell
reduces and sustains adjusted leverage below 7.5x with free
operating cash flow to debt in the mid-single-digit area. This
could happen if claims volume improves significantly above
expectations in the face of COVID-19 restrictions for 2020 and
early 2021," the rating agency said.

S&P has completed its review of Mitchell's recovery analysis; its
recovery rating on Mitchell's $2.3 billion first-lien term loan and
$125 million revolver remains '3', indicating its expectation for
meaningful (55%) recovery in the event of default. S&P's recovery
rating on Mitchell's $300 million second-lien loan remains '6',
indicating its expectation for negligible recovery (0%) in the
event of default.

S&P has valued the company on a going-concern basis using a 6.5x
multiple over its projected emergence EBITDA.

S&P's simulated default scenario contemplates a default in 2023
stemming from intense competition and significantly lower margins
from competitive pressures. The rating agency believes lenders
would achieve the greatest recovery value through reorganization
rather than liquidation of the business.

-- Year of default: 2023
-- EBITDA at emergence: $204.5 million
-- Implied enterprise value (EV) multiple: 6.5x
-- Net EV (after 5% administrative costs): $1.326 billion
-- Valuation split (% obligors/nonobligors): 100/0
-- Collateral value available to secured creditors: $1.326
billion
-- Total first-lien debt: $2.383 billion
-- Recovery expectations: 56%
-- Estimated second-lien debt: $314.6 million
-- Recovery expectations: 0%


MKJC AUTO GROUP: Hires Shafferman & Feldman as Legal Counsel
------------------------------------------------------------
MKJC Auto Group, LLC seeks authority from the U.S. Bankruptcy Court
for the Eastern District of New York to employ Shafferman &
Feldman, LLP as its legal counsel.

The firm's services will include:

     a. advising Debtor of its powers and duties under the
Bankruptcy Code in the continued operation of its business and the
management of its property;

     b. representing Debtor in negotiations with its creditors,
preparing a plan of reorganization and taking the necessary legal
steps to consummate the plan;

     c. appearing before various taxing authorities to work out a
plan to pay taxes owing in installments;

     d. preparing legal documents; and

     e. appearing before the bankruptcy court.

Joel Shafferman, Esq., a member of Shafferman & Feldman, will
charge $245 per hour for his services.  The firm received a
retainer in the amount of $26,717, inclusive of filing fees.

Mr. Shafferman assured the court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

Shafferman & Feldman can be reached at:

     Joel Shafferman, Esq.
     Shafferman & Feldman, LLP
     137 Fifth Avenue, 9th Floor
     New York, NY 10010
     Tel: (212) 509-1802
     Fax: 212 509-1831
     Email: joel@shafeldlaw.com

                       About MKJC Auto Group

MKJC Auto Group, LLC, a vehicle dealer in Long Island City, N.Y.,
filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 20-42283) on June 8,
2020. The petition was signed by Ryan Kaminsky, executor of The
Estate of Mitchell Kaminsky.  At the time of filing, Debtor
disclosed $10,319,999 in assets and $10,034,320 in liabilities.
Joel M. Shafferman, Esq., at Shafferman & Feldman, LLP, is Debtor's
legal counsel.


MLF CONSULTING: Seeks to Hire Latham Luna as Counsel
----------------------------------------------------
MLF Consulting, Inc., seeks authority from the U.S. Bankruptcy
Court for the Middle District of Florida to employ Latham Luna Eden
& Beaudine, LLP, as counsel to the Debtor.

MLF Consulting requires Latham Luna to:

   (a) provide legal advice as the Debtor's rights and duties in
       this case;

   (b) prepare pleadings related to this case, including a
       disclosure statement and a plan of reorganization; and

   (c) take any and all other necessary action incident to the
       proper preservation and administration of the estate.

Latham Luna will be paid at these hourly rates:

      Justine M. Luna, Partner               $425
      Daniel Velasquez, Partner              $300
      Paralegals                             $105

Prior to the petition date, the Debtor paid Latham Luna an advance
fee of $10,429.

Latham Luna will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Justin M. Luna, partner of Latham Luna Eden & Beaudine, LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Latham Luna can be reached at:

     Justin M. Luna, Esq.
     LATHAM LUNA EDEN & BEAUDINE, LLP
     111 N. Magnolia Ave., Suite 1400
     Orlando, FL 32801
     Tel: (407) 481-5800
     Fax: (407) 481-5801
     E-mail: jluna@lathamluna.com

                     About MLF Consulting

MLF Consulting, Inc. is the inventor of Cloakify, a cloud based
system that constantly monitors point of sale inventory and updates
any changes across all portals. It monitors all portals for pending
sales.

MLF Consulting, Inc., based in Winter Park, FL, filed a Chapter 11
petition (Bankr. M.D. Fla. Case No. 20-03145) on June 3, 2020.
LATHAM LUNA EDEN & BEAUDINE LLP, serves as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Michael L.
Fussy, president.



MOORE TRUCKING: Seeks to Hire John Empson as Accountant
-------------------------------------------------------
Moore Trucking Inc., seeks authority from the U.S. Bankruptcy Court
for the Southern District of West Virginia to employ John Empson,
as accountant to the Debtor.

Moore Trucking requires John Empson to provide accounting services
to the Debtor.

John Empson will be paid at the hourly rates of $150 for
accountants, and $60 for staffs. John Empson will be paid a
retainer in the amount of $5,000.

John Empson will also be reimbursed for reasonable out-of-pocket
expenses incurred.

John Empson assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

John Empson can be reached at:

     John Empson
     22 Capitol St., Suite 100
     Charleston, WV 25301
     Tel: (304) 343-5646

                   About Moore Trucking Inc.

Moore Trucking Inc., filed a Chapter 11 bankruptcy petition (Bankr.
S.D. W.Va. Case No. 20-20136) on March 31, 2020, disclosing under
$1 million in both assets and liabilities. The Debtor is
represented by James M. Pierson, Esq., at Pierson Legal Services.



MOTORS LIQUIDATION: Bankruptcy Court Wants Buchanan Suit Revised
-----------------------------------------------------------------
In the bankruptcy case captioned In re: MOTORS LIQUIDATION COMPANY,
f/k/a GENERAL MOTORS CORPORATION, et al., Chapter 11 Debtors, Case
No. 09-50026 (MG) (Jointly Administered) (Bankr. S.D.N.Y.),
Bankruptcy Judge Martin Glenn issued an order granting in part and
denying in part General Motors LLC's (New GM) motion to enforce the
sale order with respect to the Robert Randall Buchanan State Court
complaint.

New GM filed a Motion to Enforce the Bankruptcy Court's July 5,
2009 Sale Order and Injunction and the Rulings in Connection
Therewith, With Respect to Robert Randall Buchanan filed on Feb. 4,
2020. New GM’s is supported by several exhibits, including the
complaint and first amended complaint filed by Robert Randall
Buchanan, individually, and as administrator of the estate of
Glenda Marie Buchanan in the State Court of Cobb County, Georgia,
Case No. 16A-1280-7. The Motion requests that this Court enjoin
Buchanan from proceeding with the Buchanan Amended Complaint until
it is appropriately amended to strike Buchanan's request for
punitive damages.

On March 12, 2020, Buchanan filed an objection to the Motion. The
Objection also attaches the Buchanan Amended Complaint and an order
issued in the Buchanan Action denying New GM's motion for a
protective order to prevent Buchanan from deposing Mary Barra, the
Chief Executive Officer of New GM.

On March 23, 2020, New GM filed a reply to the Objection. The Reply
is supported by a transcript of the oral argument on the motion for
a protective order in the Buchanan Action, an order granting in
part and denying in part New GM's motion to enforce the ruling in
this Court's June 2017 Opinion with respect to the Pitterman
Plaintiffs a transcript from an oral argument on New GM's Motion to
Enforce the Sale Order in Pitterman's case, and New GM's answer and
affirmative defenses in the Buchanan Action.

The backdrop for the pending Motion appears to be a discovery
dispute in the Buchanan Action pending in Georgia state court
regarding whether Buchanan's counsel may depose New GM's CEO, Ms.
Mary Barra.  According to Judge Glenn, that issue is not for the
Bankruptcy Court to decide because the proper scope of discovery is
a matter for the Georgia state court. Instead, the narrow question
presented is whether the Buchanan Amended Complaint's failure to
warn claim against New GM and corresponding punitive damages
request may pass through the bankruptcy gate. The Court concludes
that the Buchanan Amended Complaint, with several further
amendments that must be made, may pass through the bankruptcy gate
with respect to an Independent Claim against New GM, for which it
may seek to recover punitive damages if permitted by applicable
non-bankruptcy law.

According to Judge Glenn, Buchanan's failure to warn claim against
New GM is an Independent Claim that cannot be enjoined by the Sale
Order and may pass through the bankruptcy gate. As defined in Judge
Gerber's November 2015 Opinion, "Independent Claims" are "claims
based solely on New GM's alleged wrongful conduct" and cannot be
barred by a section 363 sale order.

According to Judge Glenn, the June 2017 Opinion and 2018 District
Court Opinion are instructive in this regard. In the June 2017
Opinion, the Bankruptcy Court rejected the Pitterman Plaintiffs'
argument that they had alleged Independent Claims against New GM
for failure-to-warn because the complaint based several allegations
on generalized knowledge of both Old GM and New GM (without
distinguishing between the two). The Court held that "[t]o pass the
bankruptcy gate, a complaint must clearly allege that its causes of
action are based solely on New GM's post-closing wrongful conduct."
The Pitterman Plaintiffs thereafter amended their complaint to
allege post-Sale wrongful conduct against New GM alone. The amended
paragraph stated that despite New GM post-Sale knowledge about
rollaway defects, New GM failed to warn plaintiffs. The 2018
District Court Opinion concluded that this Court correctly allowed
those claims to proceed through the bankruptcy gate because "[o]n
its face . . . the amended complaint alleges that New GM had
independent knowledge of the alleged defect after the Closing Date
of the 363 Sale and its duty to warn arose from that knowledge. . .
."

Judge Glenn said the Buchanan Amended Complaint contains specific
allegations that New GM had independent knowledge of the SWAS
defect post-Sale and failed to warn plaintiffs, like the Buchanans,
about that defect.

Like the allegations in the Pitterman Plaintiffs' amended
complaint, the Bankruptcy Court said the Buchanan Amended Complaint
alleges that New GM had post-Sale independent knowledge inherited
from Old GM employees of the alleged defect, and its duty to warn
arose from that knowledge. As Judge Furman stated in the 2018
District Court Opinion, New GM may be correct that given its lack
of relationship to the Buchanans and other factors, it did not have
a post-Sale duty to warn them, but that determination is a question
of non-bankruptcy law for the Georgia state court to decide.

Judge Glenn rejected New GM's contention that these allegations are
impermissibly based on wholesale imputation. Pursuant to the
November 2015 Opinion and December 2015 Judgment, allegations in
the Buchanan Amended Complaint that New GM inherited knowledge from
Old GM are permissible predicates for an Independent Claim and pass
through the bankruptcy gate.

Nevertheless, there are certain allegations in the Buchanan Amended
Complaint that may not be used to support a failure to warn claim
against New GM, seeking punitive damages against New GM based on
its own post-sale conduct.

Buchanan may seek punitive damages on the Independent Claim based
"only on New GM knowledge and acts." Evidence supporting such
claims "can include inherited knowledge and knowledge acquired
after the 363 Sale, but not any acts, or non-inherited knowledge,
of Old GM." To the extent Buchanan's failure to warn claim is based
on New GM conduct alone, supported by specific allegations of
inherited knowledge of Old GM, punitive damages may be permissible
if permitted by Georgia state law.

The 2019 Second Circuit Opinion, relied upon by New GM, does not
change this result, according to Judge Glenn. While that decision
conclusively held that used car purchasers may not seek punitive
damages against New GM based on Old GM conduct, it does not bar
Buchanan from seeking punitive damages based on an Independent
Claim alleging New GM post-Sale knowledge and conduct (which may
include knowledge inherited from Old GM by New GM employees).

The 2019 Second Circuit Opinion addressed arguments on appeal from
the 2018 District Court Opinion and July 2017 Opinion that are
distinguishable from Buchanan's situation in the pending Motion.
First, the 2019 Second Circuit Opinion rejected Appellants'
argument that they could seek punitive damages based on New GM's
Assumed Liabilities in the Sale Agreement. Here, Buchanan concedes
that he cannot seek punitive damages based on any Assumed
Liability. Second, the 2019 Second Circuit Opinion rejected
Appellants' argument that New GM must pay punitive damages under a
theory of successor liability because "any alleged egregious act
committed by Old GM that might justify punitive damages was over
and done by the time of the Sale Order. Therefore, such claims are
subject to the Sale Order's successor liability bar." However,
Buchanan is not seeking punitive damages against New GM under a
successor liability theory. Buchanan is instead seeking punitive
damages against New GM on an Independent Claim alleging New GM
post-Sale knowledge and conduct. The Second Circuit did not address
that issue. The Court concludes that the 2019 Second Circuit
Opinion does not preclude Buchanan from seeking punitive damages on
his Independent Claim.

According to Judge Glenn, the November 2015 Opinion, which remains
law of the case, supports this view.  In the November 2015 Opinion,
Judge Gerber stated that on Independent Claims "New GM might have
acquired relevant knowledge when former Old GM employees came over
to New GM or New GM took custody of what previously were Old GM
records. Reliance on that, for punitive damages purposes, is
permissible." On that basis, the Court held that "punitive damages
may still be sought in actions based on post-Sale accidents
involving vehicles manufactured by Old GM to the extent the
punitive damages claims are premised on New GM action or inaction
after it was on notice of information `inherited' by New GM, or
information developed by New GM post-Sale."

Thus, Judge Glenn rejected New GM's argument that the 2019 Second
Circuit Opinion forecloses used car purchasers, like Buchanan, from
seeking punitive damages against New GM for Independent Claims
alleging New GM's post-Sale knowledge and conduct.

Thus, in order to pass through the bankruptcy gate with respect to
an Independent Claim against New GM for which punitive damages may
be sought, the Buchanan Amended Complaint must be further amended
to remove paragraph 11 and to revise paragraph 19; to that extent,
New GM's Motion is granted. In all other respects, New GM's Motion
is denied. To be clear, however, the Court does not address whether
the Buchanan Amended Complaint states a failure to warn claim
against New GM based on its own post-Sale conduct, a non-bankruptcy
law issue for the Georgia state court, and not for the Bankruptcy
Court, to decide.

A copy of the Court's Memorandum Opinion dated April 2, 2020 is
available at https://bit.ly/3ccyAkg from Leagle.com.

KING & SPALDING LLP, Arthur Steinberg, Esq. -- asteinberg@kslaw.com
--  Scott Davidson, Esq.  -- sdavidson@kslaw.com  -- Attorneys for
General Motors LLC New York, New York.

COLE SCHOTZ P.C. Mark Tsukerman, Esq. -- mtsukerman@coleschotz.com
--, Bankruptcy Counsel for Robert Randall Buchanan, Individually
and as Administrator of the Estate of Glenda Marie Buchanan New
York, New York.

                   About General Motors

With its global headquarters in Detroit, Michigan, General Motors
-- http://www.gm.com/-- is one of the world's largest automakers,
traces its roots back to 1908.

General Motors Co. was formed to acquire the operations of General
Motors Corp. through a sale under 11 U.S.C. Sec. 363 following Old
GM's bankruptcy filing.  The U.S. government provided financing.
The deal was closed July 10, 2009, and Old GM changed its name to
Motors Liquidation Co.

Old GM -- General Motors Corporation -- filed for Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on June 1,
2009.  The Honorable Robert E. Gerber presides over the Chapter 11
cases.  The Debtors tapped Weil, Gotshal & Manges LLP, Jenner &
Block LLP, and Honigman Miller Schwartz and Cohn LLP as counsel;
and Morgan Stanley, Evercore Partners and the Blackstone Group LLP
as financial advisor.  Garden City Group served as claims and
notice agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured Creditors
Holding Asbestos-Related Claims.  Lawyers at Kramer Levin Naftalis
& Frankel LLP served as bankruptcy counsel to the Creditors
Committee.  Attorneys at Butzel Long served as counsel on supplier
contract matters.  FTI Consulting Inc. served as financial advisors
to the Creditors Committee.  Elihu Inselbuch, Esq., at Caplin &
Drysdale, Chartered, represented the Asbestos Committee.  Legal
Analysis Systems, Inc., served as asbestos valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31, 2011.

On Dec. 15, 2011, Motors Liquidation was dissolved.  On the
Dissolution Date, pursuant to the Plan and the Motors Liquidation
Company GUC Trust Agreement, dated March 30, 2011, between the
parties thereto, the trust administrator and trustee -- GUC Trust
Administrator -- of the Motors Liquidation Company GUC Trust,
assumed responsibility for the affairs of and certain claims
against MLC and its debtor subsidiaries that were not concluded
prior to the Dissolution Date.


MOUNTAIN STATES: Seeks to Hire SLBiggs as Accountant
----------------------------------------------------
Mountain States Rosen, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of Wyoming to employ SLBiggs, A
division of SingerLewak, as accountant to the Debtor.

Mountain States requires SLBiggs to:

   (a) prepare all needed income, payroll and other tax returns
       and handle related tax and accounting matters for the
       Debtor; and

   (b) to the extent requested by the Debtor, assist with any
       reporting required under the Bankruptcy Code or by the
       Court, including financial disclosures, monthly operating
       reports, cash flow projections, and post-confirmation
       quarterly reports; and (3) assist in the preparation and
       execution of filings necessary to satisfy the Debtor's
       responsibilities under the Bankruptcy Code, such as its
       schedules and statement of financial affairs.

SLBiggs will be paid at these hourly rates:

     Mark Dennis              $300
     David Dennis             $300
     Staffs                   $150

SLBiggs will be paid a retainer in the amount of $10,500.

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

Mark Dennis, partner of SLBiggs, A division of SingerLewak, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

SLBiggs can be reached at:

     Mark Dennis
     SLBIGGS, A DIVISION OF SINGERLEWAK
     10960 Wilshire Boulevard, 7th Floor
     Los Angeles, CA 90024
     Tel: 310-477-3924

                  About Mountain States Rosen

Mountain States Rosen LLC is a privately held company in the animal
slaughtering and processing business with its principal place of
business at 920 7th Ave., Greeley, Colo. For more information,
visit http://mountainstatesrosen.com/

Mountain States Rosen sought bankruptcy protection (Bankr. D. Wyo.
Case No. 20-20111) on March 19, 2020. The petition was signed by
Mountain States Rosen President Brad Graham. At the time of the
filing, Debtor was estimated to have assets between $10 million and
$50 million and liabilities of the same range.

Judge Cathleen D. Parker oversees the case.

Debtor tapped Markus Williams Young & Hunsicker, LLC as its legal
counsel, and r2 Advisors, LLC as its financial advisor.

The Office of the U.S. Trustee appointed a committee to represent
unsecured creditors in Debtor's bankruptcy case.  Tucker Ellis, LLP
and Patton & Davison, LLC serve as the committee's lead bankruptcy
counsel and local counsel, respectively.


NORTHERN PULP: To Restructure Under CCAA Proceedings
----------------------------------------------------
Northern Resources Nova Scotia Corporation, 1057863 B.C. Ltd.,
Northern Pulp Nova Scotia Corporation, Northern Timber Nova Scotia
Corporation, 3253527 Nova Scotia Limited, 3243722 Nova Scotia
Limited, Northern Pulp NS GP ULS obtained an order under the
Companies' Creditors Arrangement Act in Canada on June 19, 2020.

Pursuant to the CCAA Order granted by Justice Fitzpatrick of the
Supreme Court of British Columbia, Ernst & Young Inc. was appointed
Monitor of the Companies.

The monitor's website for the proceedings
http://www.ey.com/ca/northernpulp

Counsel to the Companies:

        McCarthy Tetrault LLP
        Attention: Michael Feder
                   Sean Collins
                   James D. Gage
        745 Thurlow Street, Suite 2400
        Vancouver, BC V6E 0C5
        E-mail: mfeder@mccarthy.ca
                scollins@mccarthy.ca
                jgage@mccarthy.ca

International Restructuring Counsel to the Companies:

        Mehigan LLP
        Suite 4408A, 44th Floor
        COSCO Tower
        183 Queen's Road Central Hong Kong
        Attention: Bertie Mehigan
              Darinne Ko
              Daniel Lee Wai Yong
              Yong Shi Kai
        E-mail: bmehigan@mehiganllp.com
                dko@mehiganllp.com
                dlee@mehiganllp.com
                skyong@mehiganllp.com

Proposed Monitor:

        Ernst & Young Inc.
        Pacific Centre
        700 West Georgia Street
        Vancouver, BC V7Y 1C7
        Fax: 604-643-5422
        E-mail: george.c.kinsman@ca.ey.com
                kevin.b.brennan@ca.ey.com
                Holly.Palmer@ca.ey.com
        Attention: Kevin B. Brennan
                   George Kinsman
                   Holly Palmer

Counsel to the Monitor:

        Stikeman Elliott LLP
        5300 Commerce Court
        West 199 Bay Street
        Toronto, ON M5L 1B9
        Fax: 416 947 0866
        Attention: Ashley John Taylor
                   Elizabeth Pillon
        E-mail: ataylor@stikeman.com
                lpillon@stikeman.com

Northern Pulp Nova Scotia Corporation produces and exports northern
bleached softwood kraft pulp.  The Company carries out forestry
activities on over one million acres of timberland in Nova Scotia.


NV HOMESTEAD: S&P Lowers 2018 Bond Rating to 'CCC'; Outlook Neg.
----------------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'CCC' from 'B+'
on Capital Trust Agency, Fla.'s series 2018 A multifamily housing
revenue bonds (Coral Gardens Apartments Project), issued on behalf
of the borrower, NV Homestead Apartments Ltd. The outlook is
negative.

"The downgrade on the bonds reflects implementation of our
Methodology for Rating U.S. Public Finance Rental Housing Bonds,"
said S&P Global Ratings credit analyst Joanie Monaghan. The rating
is no longer under criteria observation.

The rating reflects S&P's view of the following credit
characteristics:

-- The second consecutive year of below 1.0x S&P-calculated debt
service coverage (DSC), calculated as 0.81x for fiscal 2019, using
maximum annual debt service (MADS), which occurs in 2021;

-- Very strong near-term liquidity concerns as evidenced by
current liabilities of approximately $2.4 million compared to
current assets of $219,195 and restricted cash of $538,062;

-- Uncertainty surrounding the receipt of capital contributions
from the investor limited partner, in the amount of approximately
$6.1 million, hinging on the project's ability to secure the
low-income housing tax credit (LIHTC) allocation and certificate,
which it has not yet been able to do as of June 2020;

-- Ongoing construction delays of the major rehab of the project
which has taken nearly twice as long as the original construction
schedule causing increased expenses related to tenant displacement
costs, vacancy loss, and construction costs; and

-- A Housing Assistance Payment (HAP) contract with the U.S.
Department of Housing and Urban Development (HUD) that is due to
expire on Nov. 30, 2020.

S&P rates an obligation in the 'CCC' category when S&P believes it
is currently vulnerable to nonpayment, and is dependent upon
favorable business, financial, and economic conditions for the
obligor to meet its financial commitment on the obligation.

Approximately $6.9 million in bond proceeds were loaned to the
borrower, along with additional funding sources, for the purpose of
financing a portion of acquisition, rehabilitation and equipping of
a 92-unit residential multifamily rental housing project located in
Homestead. Additionally, bond proceeds were used to fund a debt
service reserve fund (DSRF) in the amount of six-months maximum
annual debt service (MADS), finance capitalized interest and to pay
certain costs of issuance.

The bonds are secured by a pledge and assignment of the trust
estate, including revenues from the project and funds deposited
under the indenture, including payments made by the borrower
pursuant to the loan agreement dated Feb. 1, 2018. A primary source
of revenues to the trust estate are derived from the Housing
Assistance Payments (HAP) Basic Renewal Contract that was
transferred to the borrower from the seller at the closing of the
series 2018 bonds.

The managing general partner of the borrower is New Vision CG LLC,
a limited liability company, and the co-general partner is CG
Homestead Manager LLC, a Fla. limited liability company. The
transaction was structured so the general partner collectively owns
a 0.01% interest in the borrower. The investor limited partner, PNC
Bank N.A., owns a 99.99% interest in the borrower in exchange for
the rights to receive certain low-income housing tax credits
(LIHTC) awarded to the borrower. At the time of issuance, the
investor limited partner was CG Homestead Holdings LLC, a Delaware
LLC.

The rating incorporates S&P's view regarding the elevated health
and safety risks posed by the COVID-19 pandemic.


OCCIDENTAL PETROLEUM: S&P Rates Senior Unsecured Debt 'BB+'
-----------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating to
U.S.-based exploration and production company Occidental Petroleum
Corp.'s senior unsecured debt offering. The '3' recovery rating
indicated its expectation for meaningful (50%-70%; rounded
estimate: 65%) recovery of principal to creditors in the event of a
payment default. S&P also placed the rating on the new debt on
CreditWatch with negative implications. S&P expects the company
will use the proceeds from the offering to repay near-term debt
maturities and for general corporate purposes.

S&P's 'BB+' issuer credit rating on Occidental is unchanged, and it
remains on CreditWatch negative. While a successful offering would
reduce near-term refinancing risk, Occidental still has significant
debt maturities in the next two years. S&P expects to resolve the
CreditWatch placement, likely toward the end of 2020, based on the
company's debt reduction progress.


OLD TIME POTTERY: Case Summary & 30 Largest Unsecured Creditors
---------------------------------------------------------------
Two affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                           Case No.
    ------                                           --------
    Old Time Pottery, LLC (Lead Debtor)              20-03138
    480 River Rock Blvd
    Murfreesboro, TN 37128-4825

    OTP Holdings, LLC                                20-03139
    480 River Rock Blvd
    Murfreesboro, TN 37128-4825

Business Description:     Old Time Pottery --
                          https://oldtimepottery.com -- is a
                          retailer headquartered in Murfreesboro,
                          Tennessee focused on selling home decor
                          and seasonal items.  As of the Petition
                          Date, the Company operates 43 retail
                          locations located in 11 states.

Chapter 11 Petition Date: June 28, 2020

Court:                    United States Bankruptcy Court
                          Middle District of Tennessee

Judge:                    Hon. Marian F. Harrison

Debtors' Counsel:         Paul G. Jennings, Esq.
                          Glenn B. Rose, Esq.
                          Gene L. Humphreys, Esq.
                          Michael C. Tackeff, Esq.
                          BASS, BERRY & SIMS PLC
                          150 Third Avenue South, Suite 2800
                          Nashville, TN 37201
                          Tel: (615) 742-6200
                          Fax: (615) 742-6293
                          Email: pjennings@bassberry.com
                                 grose@bassberry.com
                                 ghumphreys@bassberry.com
                                 michael.tackeff@bassberry.com

Estimated Assets: $50 million to $100 million

Estimated Liabilities: $50 million to $100 million

The petitions were signed by Jonathan Tyburski, chief financial
officer.

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

                       https://is.gd/m7e3WY
                       https://is.gd/VN1p0D

List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. 4 Seasonal Trends                                      $153,179
3095 Nalley Court
Attn: James Mushock
Marietta, GA 30062

2. Arett Distributors                                     $162,796
9285 Commerce Highway
Pennsauken, NJ 08110

3. ATC Realty Sixteen Inc.                                $284,762
333 Market Street
17th Floor
San Franciso, CA
94105-2102

4. Benderson Development                                  $227,908
Company, LLC
7978 Cooper Creek
Boulevard, Suite 100
University Park, FL 34201

5. Columbus Pacific Properties                            $151,653
1313 Foothill Blvd
Suite 2
c/o Columbus Paficic
La Canada
Flintridge, CA 91011

6. CR Towne Square, LLC                                   $170,414
c/o Continental Realty
Corporation
1427 Clarkview Rd
Ste. #500
Baltimore, MD 21209

7. Evernoble Limited                                      $204,341
Unit G, 1/F Hop Hing
Industrial Bldg
704 Castle Peak Rd
Kowloon, Hong Kong, China

8. Family Tree                                            $152,157
18th Floor, On Hong
Commercial Bldg
704 Castle Peak Rd
Kowloon, Hong Kong
China

9. G & I IX                                               $246,652
Southgate Shopping Center LLC
c/o Woolbright Development, Inc.
3200 North Military Trail
4th Flr.
Boca Raton, FL 33431

10. Gateway Arthur, Inc.                                  $189,211
P.O. Box 57021
Newark, NJ 07101-7021

11. Home Expressions, Inc.                                $407,460
195 Raritan Center Parkway
Attn: Tal Chalouh
Edison, NJ 08837

12. IP-TL Century Plaza, LLC                              $149,312
One East Oak Hill
Drive Suite 302
c/o Tri-Land Properties Inc
Westmont, IL 60559

13. Jordan Manufactoring                                  $366,278
1200 South 6th Street
Monticello, IN 47960

14. K&H Hawthorne, LLC                                    $172,586
4520 Main Street
Suite 1000
c/o Colliers International
Kansas City, MO 64111

15. Kimzay of Florida, Inc.                               $202,447
3333 New Hyde Park Road
Suite 100
New Hyde Park, NY 11042

16. Market Place                                          $160,009
Shopping Center DBA Verdae
124 Verdae Blvd
Suite 502
Greenville, SC 29607

17. Pillow Perfect                                        $178,574
318 Bell Park Drive
PO Box 260
Woodstock, GA 30188

18. Plaza 66, LLC                                         $195,143
200 Lake Avenue
2nd Floor
c/o In-Rel Properties, Inc.
Lake Worth Beach, FL 33460

19. Spirit Realty                                         $557,677
Capital, Inc.
2727 North Harwood St
Suite 300
Dallas, TX 75201

20. Three Hands                                           $155,649
13259 Ralston Avenue 0
Sylmar, CA 91342

21. AmCap Bonita, LLC                                     $144,488
d/b/a AMCAP Bonita LLC
333 Ludlow Street --
South Tower Floor 8
Stamford, CT 06902

22. BZA FH Sand Lake, LLC                                 $141,628
1400 Buford Hwy, Suite R-3
c/o Olympic Property Mgmt.
Sugar Hill, GA 30518

23. Ceva International Inc.                               $143,549
Dept 2309 Carol Stream, IL
60132-2309

24. IRC Retail Centers                                    $141,947
814 Commerce Drive, Suite 300
Attn: General Counsel
Oak Brook, IL 60523

25. Kennedy International, Inc.                           $143,452
1800 Water Works Road,
Old Bridge, NJ, 08857

26. L L & T Properties, Ltd.                              $134,850
P.O. BOX 143,
Wilmer, AL, 36587

27. Monarch Investment Group, LLC                         $148,893
4828 Ashford Dunwoody Rd, Suite 300
c/o Star Commercial, LLC
Attn: Cindy Baetzel
Atlanta, GA, 30338

28. Pigeon River Crossings, LLC                           $134,406
3928 Maloney Road,
Knoxville, TN, 37920

29. Pine20 Blanding, LLC                                  $130,858
500 Fifth Avenue, Suite 1530
Attn: EXEC. VP., OPS & Leasing
New York, NY, 10110

30. Sunshine LZL, LLC                                     $130,648
254 West 31st Street,
4th Floor
c/o Katz Properties Retail
New York, NY, 10001


OMNI BAY: July 8 Hearing on Disclosure Statement
------------------------------------------------
A hearing will be held at Austin Courtroom 2, Homer Thornberry
Judicial Bldg., 903 San Jacinto, Austin, TX 78701 on July 8, 2020
at 1:00 p.m. to consider and to rule on the adequacy of the
information contained in such proposed Disclosure Statement filed
by Omni Bay Colony, L.P. and to consider any other matter that may
properly come before the Court at that time.

Any Objections to the Disclosure Statement must be filed and served
on July 1, 2020.

                     About Omni Bay Colony

Omni Bay Colony, L.P., is a single asset real estate debtor (as
defined in 11 U.S.C. Section 101(51B)).

Omni Bay Colony sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 20-10178) on Feb. 3,
2020.  At the time of the filing, the Debtor was estimated to have
assets of between $1 million and $10 million and liabilities of the
same range.  Judge Christopher H. Mott oversees the case.  Ron
Satija, Esq., at Hajjar Peters, LLP, is the Debtor's legal counsel.


ORANGE COUNTY BAIL: Files Amended Disclosure Statement
------------------------------------------------------
Orange County Bail Bonds, Inc., submitted an Amended Disclosure
Statement describing its First Sub Chapter V Plan of
Reorganization.

On March 3, 2020, the Debtor filed its Amended Voluntary Petition
converting its case to a case under Chapter 11, Sub Chapter V.

On March 26, 2020, the Debtor filed its Application to Employ
Magarian & Dimercurio a Professional Law Corporation as State Court
and Appeal Litigation Counsel at a rate of $395 per hour.  The
hearing on this application is set for June 4, 2020.  As a result
of discussions with the SubChapter V Trustee and in consideration
of some of the points raised in objection filed by Global, Debtor
noted in ECF No. 144 that Magarian & Dimercurio would waive their
prepetition claim and that Mr. Miller, individually, would agree to
pay for such appellate services.

On April 9, 2020 Creditor Legal Service Bureau, Inc., d/b/a Global
Fugitive Recovery filed its opposition to the Debtor's application
to employ Magarian & Dimercurio as state court and appeal
litigation counsel. A hearing was set for May 7, 2020 and
subsequently continued to June 4, 2020.

On April 16, 2020, creditor Legal Service Bureau, Inc., d/b/a
Global Fugitive Recovery filed its motion to dismiss the Chapter 11
case or, the alternative, to convert the case to a Chapter 7; and
(2) objection to Amended Petition Electing Subchapter V (ECF No.
120).  A hearing was set for May 7, 2020 and subsequently continued
to June 4, 2020.

On April 30, 2020, the Court held an SBRA status conference
pursuant to 11 U.S.C. Sec. 1188(a).  At that status hearing, the
Court set the plan confirmation schedule and ordered that the
Debtor file this amended plan and disclosure statement no later
than June 3, 2020 and set a hearing on the disclosure statement for
July 16, 2020.

After negotiations failed with the Chapter 7 Trustee to sell the
Saddozai Residence in the Saddozai Bankruptcy Case, the Debtor
obtained relief from the automatic stay in the Saddozai Bankruptcy
case, filed a Notice of Default, which expired, and then set May
11, 2020 for a Trustee's Non-Judicial Foreclosure Sale.  The
Debtor's efforts to foreclosure on the Saddozai Residence have been
hampered by the restrictions imposed by the State of California's
reaction to the Covid-19 Pandemic (the "Covid Restrictions").  The
State of California is gradually removing the Covid Restrictions
and the Debtor anticipates that can complete foreclosure of the
Saddozai Residence by the end of July 2020.  Once foreclosed upon,
Debtor will need to evict Saddozai and then sell the Saddozai
Residence. Debtor believes that the Saddozai Proceeds can be
monetized by October 2020.

California Senate Bill 10, the November 2020 Referendum to Repeal
the Same, and the Prospects for the Debtor Returning to Profitable
Status.

California Senate Bill 10 ("SB10") was signed into law in August
2018 to overhaul the cash bail system and create a no-cash-bail
system.  SB10 was scheduled to go into effect on October 1, 2019
but was stayed pending the threat of the Referendum. Despite the
stay, many judges assumed it was the law and refused to require
bail before releasing alleged criminals.  Since that time, the
Debtor’s business has suffered, but has not been completely
eliminated. Since the petition date, Debtor has earned $376,000.
in commissions for a little over nine months of operations through
March 2020.

Robert Miller is a member of the American Bail Coalition, the
California Bail Agents Association and Treasurer of the Orange
County Bail Agents Association, all of whom have been actively
gathering support to overturn of SB10.  Through his involvement,
Mr. Miller is personally aware of most of the efforts to overturn
SB10.  The bail bond industry gathered signatures to get the
Referendum on the Fall 2020 ballot.  So strong is the support for
cash bail that this referendum qualified for the ballot in
nearrecord time. Sponsors had 90 days to gather the 365,888 valid
voter signatures needed to put their proposition on the ballot.
They took just 70 days and collected more than 576,000.  Recently
elected California Senator John Cox has condemned SB10 as soft on
criminals and unconstitutional.  A critical hurdle was cleared in
January 2019 when the California Secretary of State certified that
the proposition to overturn SB10 has been certified to put the
referendum on the November 2020 ballot. Mr. Miller was informed
that the Referendum on SB10 was certified in record time.  Mr.
Miller believes that SB10 has the unintended consequence of working
against minorities, which is based on my general knowledge of how
the bail bond system is working.

The Effect of the Covid-19 Pandemic on the Bail Bond Industry.  It
is important to note that as a result of the current failure of the
legal system to arrest and prosecute criminals (due to COVID-19),
crime is on the rise.  Based on Mr. Miller's past experience in the
bond industry, a majority of the criminally accused that receive
citations will fail to appear in court, many warrants will be
issued and we will have a dramatic increase in bail activity,
accordingly.  Although the COVID-19 has slowed things down, the
Debtor still had a fair month in April, a majority of which was
walk-in business, as family members tried to visit inmates and were
turned away by the jail's "No Visiting" policy.  This evidences the
importance of the Debtor’s business location.  These customers
walked across the street to my office for information.  In light of
the current crime wave (with law enforcement booking and holding
far fewer persons arrested for crimes no one going to court due to
COVID-19), the future holds great possibilities as many of those
people who are getting tickets/citations will fail to appear in
court and then have warrants issued for their arrest.  The Debtor
anticipates a huge increase in business shortly after the courts
reopen on May 22, 2020.

The ACIC Proof of Claim.  The Debtor's principal, Mr. Miller, has
25 years of experience as a licensed bail agent in the bail bond
industry, all insurance companies providing coverage for bail bonds
require a personal guaranty.  For this reason, I executed the
contract with American Contractor's Indemnity Corporation ("ACIC").
All of the Debtor's bonds have been insured through ACIC, such
that the Debtor has directly benefitted from this contract with
ACIC. Mr. Miller has never personally written any bonds in his own
name that are insured with ACIC.  For these reasons, the Debtor
filed Proof of Claim #7 in the amount of $7,831,800, which
represents that total amount of bonds issued and insured by ACIC
that Mr. Miller is personally liable for, and which Debtor has been
the direct beneficiary. Debtor believes that basic third-party
beneficiary law establishes that if the Debtor has a right to
enforce ACIC to provide insurance to Debtor through its contract
with Mr. Miller, the Debtor is also liable to ACIC for any
liability that would arise against Mr. Miller. Although it is
possible that the Debtor and Mr. Miller could be liable for 100% of
these bonds, historically only about 2% of bonds are required to be
paid -- which would equate to approximately $150,000 of potential
liability.

BBIA.  In the Trustee's Status Report dated April 29, 2020, the
Trustee discussed BBIA in relation to Mr. Miller's prepetition wage
claim.  Out of an abundance of caution, when the case was filed and
as disclosed to the United States Trustee, BBIA (which has been
operating off and on in the bail bond industry since 1995) ceased
doing business as of the Petition Date, neither Mr. Miller, or any
other insider of the Debtor has received any salary from BBIA since
the Petition Date, and all revenues that BBIA has received
post-petition for bonds written prepetition have been transferred
to the Debtor.  After drawing a salary of $180,000 for the years
2015-2017, Mr. Miller received a salary of $37,500 and $27,500 from
the Debtor in the years 2018 and 2019 and received a salary of
$22,500 and $10,000 BBIA, which is a California LLC.  Rather than
litigate these issues, Mr. Miller has chosen to subordinate his
prepetition wage claims, inter alia, as part of the proposed plan
and 11 U.S.C. Section 1123(b).

Claimant Magarian & DiMercurio, APC (Special Litigation Counsel re
Appeal of Global's prepetition judgment -- application to be
filed).  On March 26, 2020, the Debtor filed its Application to
Employ Magarian & Dimercurio a Professional Law Corporation as
State Court and Appeal Litigation Counsel at a rate of $395 per
hour.  The hearing on this application is set for June 4, 2020.  As
a result of discussions with the SubChapter V Trustee and in
consideration of some of the points raised in objection filed by
Global (ECF No. 112), the Debtor noted in ECF No. 144 that Magarian
& Dimercurio would waive their prepetition claim and that Mr.
Miller, individually, would agree to pay for such services.

Claimant Robert L. Miller.  Although Mr. Miller's Insider
Compensation was timely filed, and not objected to by any party in
interest at $15,000 per month, Mr. Miller will agree that if the
plan is confirmed and the Bankruptcy Case is not converted to a
Chapter 7, he will agree to reduce his administrative claim for
insider compensation to $10,000 per month. Through May 31, 2020,
Mr. Miller has been paid $54,500, which leaves unpaid insider
compensation at $55,500.

Claimant 1043 Civic Center Drive, LLC.  Claimant has agreed to
subordinate its claim to be paid outside the plan, and payment
after payments are distributed to general unsecured creditors
pursuant to the terms of the plan if the plan is confirmed and the
Bankruptcy Case is not converted to a Chapter 7.

In the alternative, if this this subchapter V Plan is confirmed
non-consensually under section 1191(b).  On the effective date of
this Plan, each holder of an administrative expense claim allowed
under Sec. 503 of the Code will be paid through cash disbursement
of all available funds that are not specifically dedicated to set
monthly payments with this Plan, or upon such other terms as may be
agreed upon by the holder of the claim and the Debtor.

Class 1 Miller's prepetition wage claim of $13,650 per Sections
507(a) (4)).  Claimant has agreed to subordinate its claim to be
paid outside the plan, and payment after payments are distributed
to general unsecured creditors pursuant to the terms of the plan.

Class 5 Insider Unsecured Claim constitutes prepetition loans and
back rent totaling $496,927.  Impaired.  Claimant has agreed to
subordinate its claim to be paid outside the Plan, and payment
after payments are distributed to general unsecured creditors
pursuant to the terms of the Plan.

A full-text copy of the Disclosure Amended Statement dated June 3,
2020, is available at https://tinyurl.com/ycjqbsez from
PacerMonitor.com at no charge.

Attorneys for Orange County Bail Bonds:

         Marc C. Forsythe
         Charity J. Manee
         GOE FORSYTHE & HODGES LLP
         18101 Von Karman Ave., Suite 1200
         Irvine, CA 92612
         E-mail: MForsythe@goeforlaw.com
                 CManee@goeforlaw.com
         Telephone: (949) 798-2460
         Facsimile: (949) 955-9437

              About Orange County Bail Bonds

Orange County Bail Bonds Inc. -- http://www.bailall.com/-- is a
bail bond service headquartered in Santa Ana, Calif. The company is
family owned and operated, and specializes in bail bonds for
drug-related and drunk driving DUI offenses, spousal abuse and
domestic violence charges, prostitution solicitation charges,
felonies, and misdemeanors. Starting in 1963, the company has been
servicing Orange County, Los Angeles, Riverside, San Bernardino,
and San Diego.

Orange County Bail Bonds sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 19-12411) on June 21,
2019.  At the time of the filing, the Debtor was estimated to have
assets of less than $1 million and liabilities of between $1
million and $10 million.  The case is assigned to Judge Erithe A.
Smith.  Marc Forsythe, Esq., at Goe & Forsythe, LLP, is the
Debtor's counsel; and Griffiths Diehl & Company, Inc., is the
accountant to the Debtor.


PATSY MCGIRL: Hires Margaret M. McClure as Attorney
---------------------------------------------------
Patsy McGirl LLC, seeks authority from the U.S. Bankruptcy Court
for the Southern District of Texas to employ the Law Office of
Margaret M. McClure, as attorney to the Debtor.

Patsy Mccgirl requires Margaret M. McClure to:

   (a) give the Debtors legal advice with respect to Debtors'
       powers and duties as debtors-in-possession in the
       continued operation of the Debtors' business, personal
       financial affairs;

   (b) manage the Debtors' property;

   (c) perform all legal services for the debtors-in-possession
       which may be necessary herein.

The Debtors agreed to pay Margaret M. McClure on an hourly basis of
$400 per hour for attorney time and $150 per hour for paralegal
time, plus expenses.

The Debtor paid Margaret M. McClure a retainer of $25,000, of which
the amount of $12,581.80 has been earned by the Debtor's attorney
pre-petition, leaving a remaining retainer balance of $12,418.20.

Margaret M. McClure will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Margaret M. McClure assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Margaret M. McClure can be reached at:

     Margaret M. McClure, Esq.
     LAW OFFICE OF MARGARET M. MCCLURE
     909 Fannin, Suite 3810
     Houston, TX 77010
     Tel: (713) 659-1333
     Fax: (713) 658-0334
     E-mail: margaret@mmmcclurelaw.com

                      About Patsy McGirl

Patsy McGirl LLC, filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Tex. Case No. 20-32981) on June 9, 2020, disclosing under $1
million in both assets and liabilities. The Debtor is represented
by the Law Office of Margaret M. McClure.



PQ CORP: S&P Assigns 'BB-' Rating on New $650MM Term Loan B
-----------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '2'
recovery rating to U.S.-based PQ Corp.'s proposed term loan. The
'2' recovery rating indicated its expectation for substantial
(70%-90%; rounded estimate: 85%) recovery in the event of a payment
default. S&P based its ratings on the loan's preliminary terms and
conditions.

At the same time, S&P affirmed all of its ratings on PQ, including
its 'B+' issuer credit rating, its 'BB-' issue-level rating on its
secured notes, and its 'B' issue-level rating on its unsecured
notes.

PQ has announced that it plans to issue a new $650 million term
loan B (TLB) with the same February 2027 maturity date as its
existing TLB and will use the proceeds to redeem all of its
outstanding $625 million 6.75% senior secured notes due 2022.

"The affirmation reflects our expectation that the company will
maintain ample liquidity and prudent financial policies, including
sustaining an S&P-adjusted debt-to-EBITDA ratio of about 5.0x. In
addition, we expect PQ will continue to generate positive free cash
flow and reduce its leverage toward its established long-term
leverage target of net debt to EBITDA of 3.0x-3.5x," S&P said.

The stable outlook indicates S&P's expectation that PQ will
continue to reduce its leverage using its free cash flow and
maintain a weighted-average funds from operations (FFO)-to-debt
ratio of more than 12% and debt to EBITDA of 4x-5x over the next 12
months. While the company's credit metrics may temporarily dip
below these levels in 2020, S&P expects the company's FFO to debt
and debt to EBITDA to improve to appropriate levels in 2021 given
the rating agency's expectation for a macroeconomic recovery. S&P
expects PQ to report modest volume and EBITDA growth on an improved
product mix and the launch of new products, including increased
demand for its silica catalyst and performance materials offerings.
Given the company's private-equity ownership, S&P views an
unexpected increase in its leverage as a potential risk. However,
the rating agency's base-case scenario for PQ does not assume any
significant debt-funded acquisitions or shareholder rewards.

"We could lower our ratings on PQ over the next 12 months if it
pursues large debt-funded acquisitions or shareholder rewards or we
believe its financial policy does not support our current financial
risk profile assessment. We could also lower our ratings if the
company's FFO-to-debt ratio fell well below 12% and its debt to
EBITDA exceeded 5x on a sustained basis. This could occur if its
margins deteriorate by 500 basis points (bps) because of a weaker
product mix or significantly depressed demand due to COVID-19. In
addition, we could lower our ratings if PQ's sources of liquidity
drop below 1.2x its uses," S&P said.

"We could consider raising our rating on PQ in the next 12 months
if its sponsor reduces its equity stake below 40% and the company's
financial risk profile continues to improve such that its debt to
EBITDA approaches 4x and its FFO-to-debt ratio exceeds 20%. This
could occur if PQ expands its margin by 800 bps on the launch of
new value-added product offerings while improving its product
pricing and sales mix," the rating agency said.


PSYCHAMERICA BEHAVIORAL: Unsecureds to Get $25,000 in Plan
----------------------------------------------------------
Psychamerica Behavioral Services LLC has prepared a Plan and a
Disclosure Statement.

In summary, the Plan contemplates the emergence of a Reorganized
Debtor through the continued operations of the business.  All
claims against the Reorganized Debtor shall be classified and
treatment pursuant to the terms of the Plan.

Class 1 On Deck consists of the holder of the disputed claim of On
Deck. On Deck filed Proof of Claim Number 1 alleging a secured
claim in the amount of $70,813.

Class 2 On Deck consists of the holder of the disputed claim of On
Deck. On Deck filed Proof of Claim Number 2 alleging a secured
claim in the amount of $47,456.

Classes 1 and 2 on Deck each shall be secured by a lien on the On
Deck Collateral to the same validity and priority as existed as of
the Petition Date and shall be paid through monthly payments of
principal and interest, amortized over a period of 84 months at a
5.00 percent fixed rate of interest.  The monthly payments of
principal and interest to Class 1 will be in the amount of $1,001
and class 2 will be in the amount of $670.74.  This class is
impaired.

Class 3 BB&T consists of the Allowed Secured Claim of BB&T arising
from BB&T's prepetition loan to the Debtor. BB&T filed Proof of
Claim Number 4, alleging a secured claim in the amount of $50,011.
BB&T will be secured by a lien on the BB&T Collateral to the same
validity and priority as existed as of the Petition Date and shall
be paid through monthly payments of principal and interest,
amortized over a period of 84 months at a 6.50 percent fixed rate
of interest.  This class is impaired.

Class 4 FC Marketplace consists of the holder of the Disputed Claim
of FC Marketplace.  FC Marketplace filed Proof of Claim Number 6
alleging a secured claim in the amount of $327,916.  FC Marketplace
will be secured by a lien on the FC Marketplace Collateral to the
same validity and priority as existed as of the Petition Date and
will be paid through monthly payments of principal and interest,
amortized over a period of 120 months at a 5.00 percnet fixed rate
of interest.  The Creditor will receive a monthly payment of
$3,478.  This class is impaired.

Class 5 General Unsecured Claims total $142,336.  In full
satisfaction of the Class 5 Allowed Unsecured Claims, the total sum
of $25,000 will be paid to the Holders of Class 5 Allowed Unsecured
Claims on a pro rata basis.  The source of the $25,000 will be the
new value contributed to the Debtor by Magnasco and Tilghman.
Class 5 is Impaired.

The Debtor will continue to exist as the Reorganized Debtor, doing
business under the name Psychamerica Behavioral Services LLC d/b/a
Big Bear Behavioral Health.

A full-text copy of the Disclosure Statement dated June 1, 2020, is
available at https://tinyurl.com/ydh63d75 from PacerMonitor.com at
no charge.

Counsel for the Debtor:

     Aldo G. Bartolone, Jr., Esq.
     Bartolone Law, PLLC
     1030 N. Orange Ave., Suite 300
     Orlando, Florida 32801
     Telephone: 407-294-4440
     Facsimile: 407-287-5544
     E-mail: aldo@bartolonelaw.com

            About Psychamerica Behavioral Services

Psychamerica Behavioral Services LLC is a mental health service
provider in Central Florida doing business as Big Bear Behavioral
Health.  Psychamerica Behavioral Services sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
19-07902) on Dec. 2, 2019.  In the petition signed by Max R.
Magnasco, managing member, the Debtor was estimated to have assets
under $50,000 and liabilities under $1 million.  The Debtor is
represented by Aldo G. Bartolone, Jr., Esq. at Bartolone Law, PLLC.


PURDUE PHARMA: Committee Hires Bedell Cristin as Special Counsel
----------------------------------------------------------------
The official committee of unsecured creditors of Purdue Pharma L.P.
and its affiliates received approval from the U.S. Bankruptcy Court
for the Southern District of New York to hire Bedell Cristin Jersey
Partnership as its special counsel.

Bedell Cristin will provide foreign law services at the direction
of Akin Gump Strauss Hauer & Feld, LLP, the committee's legal
counsel, in connection with the committee's investigation of
potential claims and causes of action that may implicate issues
arising under Jersey law.

The firm will be paid at hourly rates as follows:

     Partners                         $750
     Counsel                          $550
     Associates                       $430 to 450
     Paralegals/Support Specialists   $330

Edward Drummond, Esq., a partner at Bedell Cristin, disclosed in
court filings that the firm is disinterested within the meaning of
Section 101(14) of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Drummond disclosed in court filings that Bedell Cristin normally
charges clients a "standard disbursement fee" of 5 percent of fees
to cover printing, copying, scanning and bundling. In this case,
the firm agreed to charge $0.10 per page instead. Mr. Drummond said
that no Bedell Cristin professional varied his rate based on the
geographic location of Debtors' bankruptcy cases.

Bedell Cristin has not represented any member of the committee in
the 12 months prior to Debtors' bankruptcy filing and is in the
process of formulating the budget and staffing plan, which has not
yet been approved by the committee, Mr. Drummond added.

The firm can be reached at:

     Edward Drummond, Esq.
     Bedell Cristin Jersey Partnership
     26 New Street, St Helier
     Jersey JE2 3RA  
     Phone: +44 (0)1534 814814

                     About Purdue Pharma L.P.

Purdue Pharma L.P. and its subsidiaries --
http://www.purduepharma.com/-- develop and provide prescription
medicines and consumer products that meet the evolving needs of
healthcare professionals, patients, consumers and caregivers.

Purdue's subsidiaries include Adlon Therapeutics L.P., focused on
treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and
related disorders; Avrio Health L.P., a consumer health products
company that champions an improved quality of life for people in
the United States through the reimagining of innovative product
solutions; Imbrium Therapeutics L.P., established to further
advance the emerging portfolio and develop the pipeline in the
areas of CNS, non-opioid pain  medicines, and select oncology
through internal research, strategic collaborations and
partnerships; and Greenfield Bioventures L.P., an investment
vehicle focused on value-inflection in early stages of clinical
development.

Opioid makers in the U.S. are facing pressure from a crackdown on
the addictive drug in the wake of the opioid crisis and as state
attorneys general file lawsuits against manufacturers. More than
2,000 states, counties, municipalities and Native American
governments have sued Purdue Pharma and other pharmaceutical
companies for their role in the opioid crisis in the U.S., which
has contributed to the more than 700,000 drug overdose deaths in
the U.S. since 1999.

OxyContin, Purdue Pharma's most prominent pain medication, has been
the target of over 2,600 civil actions pending in various state and
federal courts and other fora across the United States and its
territories.

On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
19-23649), after reaching terms of a preliminary agreement for
settling the massive opioid litigation.  The Debtors' consolidated
balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets
and $562 million in liabilities.

U.S. Bankruptcy Judge Robert Drain oversees the cases.  

Debtors tapped Davis Polk & Wardwell LLP and Dechert LLP as legal
counsel; PJT Partners as investment banker; AlixPartners as
financial advisor; and Prime Clerk LLC as claims agent.

Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A. represent the
official committee of unsecured creditors appointed in the Debtors'
bankruptcy cases.


PURPLE LINE TRANSIT: S&P Cuts Revenue Bond Rating to 'CCC'
----------------------------------------------------------
S&P Global Ratings lowered its rating on Purple Line Transit
Partners LLC's (PLTP) $313 million senior-lien revenue bonds due
2024–2051, issued by the Maryland Economic Development Corp., and
$875 million Transportation Infrastructure Finance and Innovation
Act (TIFIA)-secured loan due September 2050 to 'CCC' from 'B+'.

PLTP was selected in 2016 by a competitive bid process to finance,
develop, design, build, equip, and supply light-rail vehicles (LRV)
for the Purple Line Light Rail Project, a 16.2-mile, 21-station,
east-west light rail transit project. The route lies just inside
the Interstate-495/Capital Beltway that circles Washington, D.C.
PLTP was also tasked with maintaining and operating the system
under an approximately 36-year availability-based concession
agreement with the MDOT and the Maryland Transit Administration.
PLTP served the notice of termination of the concession agreement
on June 23rd.

PLTP and MDOT served concession termination notice following
unsuccessful settlement negotiations over construction delays and
costs escalations. Following the serving of the notice indicating
intent to terminate the construction contract in early May, PLTP
had 50 days to evaluate three options:

-- Reach a resolution with the project parties enabling the
contractor to withdraw the notice,

-- Replace the DB contractor, or

-- Unconditionally terminate the public private partnership
agreement.

The deadline was June 20. After the 52-day period, the project had
two business days to make the final decision.

After a failure to reach a settlement through 52 days of active
settlement discussions, PLTP decided to terminate the concession
unconditionally--a similar action to that which its contractor took
in early May. This triggers the 60-day transition period, including
payment of termination compensation that would cover 100% of
outstanding debt repayment by MDOT.

However, MDOT has decided to dispute the PLTP and construction
contractor's actions and intends to serve the contractor a default
notice, alleging that the termination notice is not valid and the
construction contractor has caused the delay, dismissing the
construction contractor's claim that the delay was caused by events
beyond the contractor's control. If MDOT is right and terminates
the concession because of the concessionaire's default, the
termination compensation will be decided through a complex formula
and debt repayment could be materially lower. S&P believes this is
now heading to a legal dispute that might be lengthy, but, in turn,
it has created significant uncertainty as to if, and how much, the
lenders would be paid on the termination date of Aug. 22. Next debt
service is due in September.

The project has until July 24th to cure the default after which the
notice of default would become termination event by MDOT. S&P could
lower the rating further because the termination event by MDOT is
an event of default under the financing documents and could result
in an acceleration of debt.

The ratings remain on CreditWatch, where S&P placed them with with
negative implications on March 17, 2020. S&P could lower the rating
to 'CC' or lower if it determines shortly that there is virtual
certainty of payment default on or before the concession
termination date (i.e Aug. 22) because of a possible lengthy legal
dispute over the termination and associated compensation.


PYXUS INTERNATIONAL: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
The Office of the U.S. Trustee on June 25, 2020, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in the Chapter 11 case of Pyxus International, Inc.
  
                  About Pyxus International

Pyxus International Inc. -- http://www.pyxus.com/-- is a global
agricultural company with 145 years of experience delivering
value-added products and services to businesses, customers and
consumers.

Pyxus reported a net loss of $71.17 million for the year ended
March 31, 2019, compared to net income of $51.91 million for the
year ended March 31, 2018.  As of March 31, 2019, Pyxus had $1.86
billion in total assets, $1.67 billion in total liabilities, and
$192.02 million in total stockholders' equity.

On June 15, 2020, Pyxus and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
20-11570).  Judge Laurie Selber Silverstein oversees the cases.

Debtors have tapped Simpson Thacher & Bartlett, LLP as general
bankruptcy counsel; Young Conaway Stargatt & Taylor, LLP as
Delaware bankruptcy counsel; and Lazard Freres & Co. LLC and RPA
Advisors, LLC as restructuring advisors.  Prime Clerk, LLC is the
claims and noticing agent and administrative advisor.


QUARTER HOMES: Hires A&M Management as Real Estate Broker
---------------------------------------------------------
Quarter Homes, LLC, seeks authority from the U.S. Bankruptcy Court
for the District of Arizona to employ A&M Management of Arizona, as
real estate broker to the Debtor.

Quarter Homes requires A&M Management to market and sell the
Debtor's residential real property located at 43857 W. Colby Dr.,
in Maricopa County, Arizona 85138.

A&M Management will be paid a commission of 3% of the purchase
price.

Maria Todd, member of A&M Management of Arizona, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

A&M Management can be reached at:

     Maria Todd
     A&M MANAGEMENT OF ARIZONA
     50150 W Mayer Blvd
     Tel: (602) 376-0480

                     About Quarter Homes

Quarter Homes, LLC, based in Scottsdale, AZ, filed a Chapter 11
petition (Bankr. D. Ariz. Case No. 20-07065) on June 11, 2020.
OSBORN MALEDON, P.A., serves as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by David
Turcotte, president.



REALT 2019-1: DBRS Confirms B Rating on Class G Certs
-----------------------------------------------------
DBRS Limited confirmed its ratings on the following classes of
Commercial Mortgage Pass-Through Certificates, Series 2019-1 issued
by Real Estate Asset Liquidity Trust (REALT), Series 2019-1:

-- Class A-1 at AAA (sf)
-- Class A-2 at AAA (sf)
-- Class B at AA (sf)
-- Class X at A (high) (sf)
-- Class C at A (sf) (sf)
-- Class D-1 at BBB (sf)
-- Class D-2 at BBB (sf)
-- Class E at BBB (low) (sf)
-- Class F at BB (sf)
-- Class G at B (sf)

All trends are Stable.

The rating confirmations reflect the overall stable performance of
the transaction since issuance. At issuance, the pool consisted of
48 loans secured by 77 commercial properties with an original trust
balance of $446.4 million. Per the June 2020 remittance, all loans
currently remain in the pool with a current trust balance of $438.4
million, representing a collateral reduction of 2.0% from the
issuance balance because of scheduled amortization. At issuance,
the pool reported DBRS Morningstar Loan-to-Value and DBRS
Morningstar Term Debt Service Coverage ratios of 63.4% and 1.39
times (x), respectively. Twenty-eight loans, representing 60.4% of
the issuance pool balance, have some form of recourse to various
entities of their sponsors and all loans in the pool amortize for
the entirety of their respective loan terms. There is significant
property concentration within the pool as 23 loans, representing
49.8% of the issuance pool balance, are secured by retail
properties.

Per the June 2020 remittance, five loans, representing 19.8% of the
current pool, are on the servicer's watchlist. These loans include
the largest loan in the pool, WSP Place (Prospectus ID#1; 8.5% of
the pool), secured by a 184,707-square foot office property in
downtown Edmonton. This loan was added to the servicer's watchlist
in May 2020 because the borrower, who serves as the full-recourse
entity, requested Coronavirus Disease (COVID-19)-related payment
relief. A forbearance agreement has yet to be finalized; however,
the servicer advanced funds to cover shortfalls for May and June
2020. In addition to the cash flow interruption caused by the
coronavirus, the subject previously lost its third-largest tenant
since issuance, AIMCo (8.5% of the net rentable area), upon its
lease expiration in December 2019. Given the high vacancy rate in
the subject's downtown government submarket and the ongoing effects
of the coronavirus, DBRS Morningstar elevated the probability of
default (POD) in its analysis for this review. The remaining four
loans on the watchlist were added between May and June 2020 because
of requests for coronavirus-related payment relief. DBRS
Morningstar does not have property-level updates regarding these
loans; however, forbearance agreements have been executed for these
watchlisted loans, which generally involve the deferral of interest
and/or principal followed by set repayment periods that begin later
in 2020. DBRS Morningstar also elevated the PODs for these loans in
its analysis for this review.

Class X is an interest-only (IO) certificate that references a
single rated tranche or multiple rated tranches. The IO rating
mirrors the lowest-rated applicable reference obligation tranche
adjusted upward by one notch if senior in the waterfall.

Notes: All figures are in Canadian dollars unless otherwise noted.


RITE AID: Moody's Assigns Caa1 Rating to New Secured Notes
----------------------------------------------------------
Moody's Investors Service assigned a Caa1 rating to Rite Aid
Corporation's new senior secured notes. The new notes will mature
2026 and will be issued in exchange for a maximum of $750 million
of the existing unsecured notes maturing 2023.

"Rite Aid continues to address its 2023 maturities which is a
credit positive but operational challenges remain", Moody's Vice
President Mickey Chadha stated. "We expect only modest improvement
in credit metrics and free cash flow in the next 12 months as the
retail pharmacy space remains under pressure and new management
initiatives will take longer to show results in the midst of the
uncertain business environment", Chadha further stated.

Assignments:

Issuer: Rite Aid Corporation

Senior Secured Regular Bond/Debenture, Assigned Caa1 (LGD4)

RATINGS RATIONALE

Rite Aid's Caa1 rating incorporates its weak market position as it
lacks the scale or the balance sheet to compete effectively with
much larger and well capitalized competitors like CVS Health and
Walgreens Boots Alliance, Inc. in the changing pharmacy landscape
as scale has become increasingly more important in the competitive
pharmacy sector. Moody's expects Rite Aid's lease adjusted
debt/EBITDA to be at around 6.0x for this fiscal year despite the
uplift from robust front-end sales in March and April due to pantry
loading during the peak of the coronavirus pandemic. Moody's does
not expect much improvement in leverage in next 12 months given the
competitive pressures Rite Aid is facing. The rating also reflects
the company's modest free cash flow and weak interest coverage with
EBIT/interest about 1.0x. The rating also incorporates the risk of
a distressed exchange. Positive ratings consideration is given to
Moody's expectation that new management will focus on cost
reduction, inventory rationalization, store remodels, growth in the
Envision RX traditional PBM business, increase the level of script
growth through increased traffic and file buys and strategically
target participation in limited and preferred networks to boost
revenue, earnings and free cash flow. Rite Aid's adequate
liquidity, and the relative stability and positive longer-term
trends of the prescription drug industry are other positive rating
considerations.

Rite-Aid's rating takes into consideration increasing social risks
stemming from changing consumer preferences and spending patterns.
The retail environment has been undergoing a structural shift
toward e-commerce which has increased pressure on retailers. The
rating also takes into consideration the litigation risk associated
with prescription drug usage especially opioids. Rite Aid's
financial strategies have remained balanced with the company using
cash received from asset sales to repay debt.

The negative outlook reflects the uncertainty in management's
ability to improve operating performance and credit metrics in the
next 12 months given the current uncertain and competitive business
environment in the pharmacy sector and the much larger and well
capitalized peers in this space.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

An upgrade would require Rite Aid's, operating performance to
improve or absolute debt levels to fall such that the company
demonstrates that it can maintain debt/EBITDA below 6.0 times and
EBIT to interest expense above 1.0 times. In addition, a higher
rating would require Rite Aid to continue to maintain at least an
adequate liquidity profile, including modestly positive free cash
flow.

Ratings could be downgraded should the likelihood of a default
increase for any reason or if Rite Aid experiences a decline in
revenues or earnings or increases debt such that debt/EBITDA is
likely to remain above 7.0 times and EBIT to interest expense is
likely to remain below 1.0 times. Ratings could also be downgraded
should liquidity weaken including free cash flow remaining negative
or the company does not get any traction on new PBM contracts or if
prescription volumes decline.

Rite Aid Corporation operates 2,464 drug stores in 18 states. It
also operates a full-service pharmacy benefit management company
(Envision Rx). Revenues are about $22 billion.

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


RUBIE'S COSTUME: Hires Kurtzman Carson as Administrative Advisor
----------------------------------------------------------------
Rubie's Costume Company, Inc. and its affiliates seek approval from
the U.S. Bankruptcy Court for the Eastern District of New York to
hire Kurtzman Carson Consultants, LLC as their administrative
advisor.

The firm will provide the following services:

     (a) assist in the preparation of Debtors' schedules of assets
and liabilities and statements of financial affairs and gather data
in conjunction therewith;

     (b) assist in the solicitation, balloting and tabulation of
votes, and prepare any related reports in support of confirmation
of a Chapter 11 plan;

     (c) prepare an official ballot certification and, if
necessary, testify in support of the ballot tabulation results;

     (d) provide computer software support and training in the use
of the support software, consulting and programming support for any
requested reports;

     (e) provide a communications plan, if requested;

     (f) provide confidential online workspaces or virtual data
rooms, if requested, and publish documents to such workspaces and
data rooms;

     (g) manage and coordinate any distributions to be made
pursuant to a Chapter 11 plan to the extent requested by Debtors.

Kurtzman will be paid at hourly rates as follows:

     Director/Solicitation Lead             $215
     Consultant/Senior Consultant        $65 to $210
     Technology Consultant               $35 to $95
     Analyst                             $30 to $50

Evan Gershbein, senior vice president of Kurtzman, assured the
court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

Kurtzman Carson can be reached at:

     Evan Gershbein
     Kurtzman Carson Consultants, LLC
     222 N. Pacific Coast Highway, 3rd Floor
     El Segundo, CA 90245
     Tel: (310) 823-9000

                   About Rubie's Costume Company                  


Rubie's Costume Company Inc. is a distributor, manufacturer and
designer of costume and party-related accessories that serve over
2,000 retail accounts. It also maintains licensing partnerships
with top studios like Nickelodeon, Warner Bros, Lucasfilm, Marvel,
and Disney for products inspired by WWE, Ghostbusters, Stranger
Things, DC Comics, JoJo Siwa, Harry Potter, and Star Wars.

Rubie's Costume Company and its affiliates sought Chapter 11
protection (Bankr. E.D.N.Y. Lead Case No. 20-71970) on April 30,
2020.  Rubie's Costume was estimated to have $100 million to $500
million in assets and $50 million to $100 million in liabilities as
of the filing.

Judge Alan S. Trust oversees the cases.   

Debtors have tapped Meyer, Suozzi, English & Klein, P.C. and Togut,
Segal & Segal LLP as bankruptcy counsel; BDO USA, LLP as
restructuring advisor; and SSG Capital Advisors LLC as investment
banker.  Kurtzman Carson Consultants is the claims agent.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on May 18, 2020.  The committee is represented by Arent
Fox, LLP.



SHUTTERFLY INC: S&P Downgrades ICR to 'B-' on Revenue Declines
--------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating and rating on
U.S.-based online personalized products manufacturer Shutterfly
Inc.'s secured term loan to 'B-' from 'B'. S&P's '3' recovery
rating on the term loan is unchanged.

Canceled life events due to COVID-19 could cause leverage to stay
above S&P's 6.5x downgrade threshold until 2021. In the first half
of 2020, S&P expects leverage will increase due to the revenue
decline from the cancellation or postponement of important life and
social events such as weddings, graduations, school picture days
due to the stay-at-home order throughout the U.S. to slow the
spread of the coronavirus. These stay-at-home orders impaired
Shutterfly's Lifetouch business but increased the demand for many
of Shutterfly's consumer products. Nevertheless, S&P believes the
decline in Lifetouch will significantly outpace consumer revenue
growth in the second quarter of 2020, but that the gap will begin
to moderate in the second half of 2020. On March 31, 2020, debt
leverage increased well above S&P's 6.5x threshold, and S&P expects
it will increase more in the second quarter as the effect on the
Lifetouch segment will be more pronounced due to the number of
canceled or postponed events. Nevertheless, S&P believes the
fundamentals of the Lifetouch business remain intact, and that
demand will return when schools reopen.

Strong recent revenue growth in the Shutterfly consumer segment
will only partially offset the decline in the rest of the company.
S&P believes the Shutterfly consumer segment is benefiting from the
transition to online from offline and likely winning market share
from local retailers as consumers spend more time at home and
online because of the pandemic. The consumer segment reported
high-single-digit-percentage growth in the first quarter of 2020
and over 30% growth in April and May. S&P believes high growth will
likely continue in June but will begin to taper off in the third
quarter. Despite cash received for future bookings events, S&P
believes Lifetouch could experience revenue declines of 50%-60% in
the second quarter of 2020 due to school closures, cancellation of
church services, and the temporary shutdown of retail studios due
to the stay-at-home orders. S&P believes the $85 million
cost-saving plan put in place to mitigate the revenue loss from the
pandemic will only partially offset the revenue declines.

Significant seasonality and uncertainty caused by the pandemic pose
downside risks in the second half of 2020. The most significant
risk to Lifetouch's revenue remains the potential continuation of
online learning when school resumes, which could postpone or cancel
fall picture day. In addition, Shutterfly's revenues are highly
seasonal, and most of the cash flow and EBITDA generation occurs in
the last four months of the year. The recent increase in
coronavirus cases as the U.S. begins to reopen creates
uncertainties around the timing of a full reopening and resumption
of economic and social activities.

Expected synergies from the Lifetouch and Snapfish integration
remain on track and should help partially offset lost revenues from
Lifetouch. In addition to the $85 million cost-saving initiatives
related to the integration of Lifetouch and Snapfish into
Shutterfly, the management team expects to take action on another
$35 million in 2020, increasing the total cost synergy opportunity
to $120 million.

"Although we believe these synergies are achievable, only 7% were
realized in 2019, and the remaining amount will be realized in 2020
and 2021. Further, cost to achieve the synergies will offset a
majority of the synergies achieved in 2020, in our view," S&P
said.

S&P believes these cost cuts will over time help offset the impact
to EBITDA from the loss of Lifetouch revenues until its revenues
return to and exceed 2019 levels, which remains contingent on the
availability and broad dissemination of a vaccine to prevent the
spread of COVID-19.

Environmental, social, and governance (ESG) credit factors for this
credit rating change:

-- Health and safety

"The stable outlook reflects our view that despite significant
pressure in the LifeTouch segment in 2020, the company will
maintain adequate liquidity over the next 12 months, and its
leverage will moderate in 2021 as its cost initiatives take effect
and physical school activities resume, supporting revenue growth
from depressed levels in 2020 at LifeTouch," S&P said.

"We could lower our issuer credit rating if we believe the
company's free operating cash flows will remain negligible through
2021, which could pressure the company's liquidity as it would need
to fund its significant annual debt amortization payment with
revolving credit facility borrowings. This would likely be driven
by lower-than-expected performance in the second half of 2020 and
2021 due to COVID-19 forcing some schools to remain closed,
competitive losses, reduced consumer demand in a recession,
integration issues resulting in increased integration costs, or
lower-than-expected synergies," the rating agency said.

S&P views an upgrade as unlikely over the next 12 months, primarily
due to the company's high adjusted leverage and significant
operating risk during the pandemic. An upgrade would require debt
leverage to decline well below 6.5x through consistent low- to
mid-single-digit percentage revenue and EBITDA growth and the
implementation of cost-savings from the Lifetouch and Snapfish
acquisitions.


SPECTRUM BRANDS: S&P Rates New $600MM Revolver Due 2025 'BB-'
-------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating to
Spectrum Brands Inc.'s proposed $600 million revolver due 2025. The
recovery rating is '1', reflecting S&P's expectation for very high
(90%-100%; rounded estimate 95%) recovery in the event of a payment
default. The new revolver will replace the existing aggregate $890
million facility due 2022. At the same time, S&P assigned its 'B'
issue-level rating to the company's proposed $300 million senior
unsecured notes due 2030. The recovery rating is '4', reflecting
its expectation for average (30%-50%; rounded estimate 45%)
recovery in the event of a payment default. The transaction is
leveraged neutral.

S&P expects the company will use the net proceeds from the notes
issuance to reduce revolver borrowings; on a pro forma basis
including the proposed notes issuance, the rating agency
anticipates the new downsized $600 million revolver will be mostly
utilized (including borrowings and letter-of-credit utilization),
though cash will remain close to $450 million. Debt outstanding pro
forma for the proposed transaction is about $2.9 billion.

All of S&P's existing ratings on the company, including its 'B'
issuer credit rating, are unchanged. The outlook is negative.

S&P's ratings on Spectrum Brands incorporate the solid market
position of the company's hardware and home improvement (HHI)
business and the defensible positions held by its value-focused
home and garden (H&G) segment. The pet sector has good
fundamentals, including relatively stable underlying consumer
demand. However, the company's operating performance is susceptible
to consumer discretionary spending, which could deteriorate due to
weak economic conditions. S&P's ratings continue to reflect the
uncertainty around the severity and duration of the coronavirus
pandemic's impact on the company.

RECOVERY ANALYSIS

Key analytical factors:

Spectrum Brands' debt capital structure consists of the following:

-- Various uncommitted factoring programs globally, which in
aggregate S&P estimates total around $275 million at the seasonal
low point (of which about 70% in the US and 30% internationally,
mainly Europe). S&P includes these factored receivables in the
waterfall as priority debt.

-- $600 million secured cash flow revolver due 2025; S&P
bi-furcates the facility into a $500 million domestic and a $100
million domestic sublimit (which a loss sharing collateral
allocation mechanism [CAM]).

-- Proposed $300 million senior unsecured notes due 2030.

-- $250 million 6.125% senior unsecured notes due Dec. 15, 2024;
$1 billion 5.75% senior unsecured notes due July 15, 2025; Euro 425
million (US $469 million equivalent) 4% senior unsecured notes due
Oct. 1, 2026; and $300 million 5% senior unsecured notes due Oct 1,
2029.

-- Approximately $166 million of other debt, mainly capital
leases.

Spectrum Brands Inc. is the borrower under the revolving credit
facility and the issuer of the notes. The revolving credit facility
is collateralized by all of Spectrum's domestic assets and pledges
of equity interests (limited to 65% for foreign subsidiaries). The
notes are all senior unsecured obligations. All the debt is
guaranteed by Spectrum Brands' material domestic operating
subsidiaries (secured or unsecured, as applicable) with a guarantee
from intermediate parent holding company SB/RH Holdings LLC.

Simulated default assumptions:

S&P's simulated default scenario contemplates a default occurring
in 2023 amid a protracted economic downturn (which hits the housing
market in particular) and intense competition from large,
financially solid competitors that meaningfully reduce the demand
for the company's products. It also contemplates significant
retailer bargaining power, a spike in input costs, and the
potential reemergence of operational inefficiencies. These factors
lead to a substantial decline in the company's cash flow.

Calculation of EBITDA at emergence:

-- Debt service: $194.7 million (default year interest plus
amortization)

-- Maintenance capex: $38 million

-- Default EBITDA proxy: $232.8 million

-- Cyclicality adjustment: $11.6 million (5% of default EBITDA
proxy)

-- Preliminary emergence EBITDA: $244.4 million

-- Operational adjustment: $97.8 million (40%)

-- Emergence EBITDA: $342.2 million

-- S&P estimates $342.2 million gross emergence enterprise value,
which incorporates a 6x multiple to emergence EBITDA. S&P includes
the value from the Energizer stock in its emergence enterprise
value at a 50% discount.

Simplified waterfall:

-- Emergence EBITDA: $342.2 million

-- Multiple: 6x

-- Gross recovery value: $2,147.7 million (including $2,052.9
million gross enterprise value from continuing businesses and $94.8
million Energizer stock after about 50% discount)

-- Net recovery value for waterfall after administrative expenses
(5%): $2,040.3 million

-- Obligor/nonobligor valuation split: 82%/18%

-- Priority claims: $197.8 million (factored receivables)

-- Estimated first-lien claims: $509.4 million

-- Value available for first-lien claims: $1,689.8 million

-- Recovery range: 90%-100% (rounded estimate: 95%)

-- Estimated senior unsecured claims: $2,555.9 million

-- Value available for unsecured claims: $1,248.4 million

-- Recovery range: 30%-50%; rounded estimate: 45%


SPIRIT AEROSYSTEMS: S&P Cuts ICR to 'B+'; Outlook Stable
--------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on the
Kansas-based aircraft structure manufacturer Spirit AeroSystems
Inc. to 'B+' from 'BB-'. The outlook is stable.

S&P also lowered its rating on the company's first-lien debt to
'BB' from 'BB+'. The '1' recovery rating is unchanged. In addition,
S&P lowered the rating on the company's second-lien debt to 'B+'
from 'BB-'. The '4' recovery rating is unchanged. Finally, S&P
lowered its rating on the company's unsecured debt to 'B-' from
'B'. The '6' recovery rating is unchanged.

Recent cuts to the number of 737 MAX components Spirit will produce
makes it unlikely funds from operations (FFO) to debt will improve
above 12% in 2021, as previously expected. Boeing has reduced the
number of MAX shipsets it wants Spirit to deliver in 2020 to 72
from 125; at the beginning of 2020 that number was 216. Although
the two companies have not announced production levels for 2021,
S&P also expects this to be lower than its previous expectations
(but higher than 2020), as Boeing manages its inventory of parts
for the MAX in light of continued delays to recertification and
lower demand due to the coronavirus. The lower MAX deliveries, in
combination with cuts to other Boeing and Airbus programs due to
the coronavirus, are likely to result in Spirit's earnings and cash
flow being lower than S&P had previously expected despite the
company's efforts to reduce costs and conserve cash. S&P now
expects FFO to debt to be negative in 2020 and only improve to
10%-12% in 2021 compared to its previous forecast of 0-5% and
15%-20%, respectively.

Liquidity should be adequate to cover higher cash outflows. S&P now
expects free cash flow to be a use of $700 million-$750 million in
2020 and a use of $100 million-$150 million in 2021. This compares
to S&P's previous forecast of a use of $550 million-$600 million in
2020 and a modest use in 2021. On April 2, 2020, the company had
$2.2 billion of cash and an undrawn $800 million revolver, pro
forma for the recent $1.2 billion second-lien debt issue and
paydown of revolver drawings. However, the lower earnings are
likely to result in Spirit violating some of the covenants in its
credit facility, which were already relaxed in April 2020, by the
end of the year. The company is in discussions with its lenders for
further covenant relief, which S&P expects to happen.

Environmental, social, and governance (ESG) factors relevant to the
rating action:

-- Health and safety

The stable outlook reflects that earnings and cash flow should
improve in 2021 as MAX production increases and rates on other
programs begin to stabilize at lower levels. S&P expects FFO to
debt of 10%-12% in 2021, although there is significant uncertainty
in this forecast.

"We could lower the rating in the next 12 months if we don't
believe FFO to debt will increase to above 5% in 2021 or cash use
is likely to be greater than we currently forecast. This could be
caused by further reduction in MAX production, lower rates on other
Boeing or Airbus programs, or the company being unable to improve
its costs structure to match the lower demand. We could also lower
the rating if liquidity becomes constrained or the company violates
the covenants in its credit facility and is not able to get a
waiver from its lenders," S&P said.

"Although unlikely, we could raise the rating if we believe FFO to
debt will increase above 12% in 2021 and free cash flow will be at
around breakeven. This could occur if production declines are no
worse than we expect and Spirit adjusts its cost structure to match
the lower demand. In addition, an upgrade would likely depend on
the MAX returning to service in September 2020 and deliveries in
line with expectations over the next few years," the rating agency
said.


SPIRIT AIRLINES: S&P Lowers ICR to 'B' on Travel Demand Decline
---------------------------------------------------------------
S&P Global Ratings lowered all ratings on Spirit Airlines Inc.,
including the issuer credit rating to 'B' from 'B+', and removed
them from CreditWatch, where S&P placed them with negative
implications on March 16, 2020.

S&P expects Spirit to generate a significant cash flow deficit in
2020 due to the impact of the coronavirus on air travel, but
believe cash flow will improve in 2021. Like other airlines, Spirit
has taken steps to help conserve cash amid the decline in passenger
traffic. The airline has significantly reduced its capacity since
March, deferred some heavy maintenance, and begun negotiations with
Airbus SE regarding the delivery schedule of new aircraft. However,
S&P believes these actions will be insufficient to offset the
impact of lower revenues. The rating agency forecasts revenues to
decline by about 50%, and it expects reported funds from operations
(FFO) outflows of around $100 million in 2020. S&P anticipates
demand should begin to recover in the second half of 2020 and
continue into 2021, as travel restrictions ease, leading to revenue
growth of around 60%-70% and a return to positive FFO of at least
$370 million in 2021. While an improvement from 2020 levels, S&P
does not expect a return to 2019 levels until 2022 at the earliest.
Further, the additional debt that the company has raised to fund
its operations will contribute to weaker credit metrics. Combined
with lower earnings, S&P expects FFO to debt to turn slightly
negative in 2020 from 19.4% in 2019 and improve to the
high-single-digit percent area in 2021.

S&P continues to assess Spirit's liquidity as adequate. Spirit's
liquidity has benefited from recent capital market transactions and
government support. In May 2020, the company raised approximately
$200 million from an equity issuance and $175 million from the
issuance of convertible notes. On March 30, 2020, the company
entered into a $110 million secured revolving credit facility,
which it has subsequently upsized to $165 million and fully drawn.
Under the Coronavirus Aid, Relief, and Economic Security (CARES)
Act, Spirit also expects to receive a $264 million grant and a
$70.4 million loan to support its payroll, of which it has already
received $167.4 million. The company also expects various tax
benefits of around $200 million in 2020, and is eligible for up to
$741 million in additional secured federal loans under the CARES
Act. S&P excludes these additional proceeds from its liquidity
analysis, as the company has not yet determined whether it will
pursue this financing. The rating agency also excludes potential
financing secured against the company's approximately $650 million
of unencumbered tangible assets.

"Spirit should benefit somewhat from its predominantly domestic
route network. We expect domestic leisure travel will recover
sooner than international or business travel, as we believe
international travel restrictions will remain in place longer than
domestic restrictions," S&P said.

"This should benefit Spirit given the airline's mostly leisure
customer base, as well as its mostly domestic route network, which
accounted for about 90% of revenue in 2019. Nonetheless, the extent
to which demand recovers at sustained levels remains highly
uncertain, especially given the possibility of a second wave of
infections. Recent increases in virus cases in certain areas where
the company maintains a large presence, such as Florida, represent
an additional threat to demand recovery," the rating agency said.

S&P is also lowering its ratings on Spirit's enhanced equipment
trust certificates (EETCs). Its rating actions reflect updated
appraisal values that are based on current macroeconomic
conditions. Although base values for narrowbody aircraft have
generally experienced smaller declines than widebody aircraft,
collateral coverage for some of Spirit's transactions has declined
below S&P's previous expectations. In some cases where collateral
coverage has not materially changed, S&P has lowered its rating by
one notch in line with the lower issuer credit rating.

Environmental, social, and governance (ESG) credit factors for this
credit rating change:

-- Health and safety

The negative outlook reflects the uncertainty around when passenger
traffic will improve and the impact on Spirit's operating
performance. The company's 2020 results will be negatively affected
by the continued steep decline in airline passenger traffic because
of the COVID-19 pandemic. S&P does not expect a material
improvement in credit metrics until 2021.

"We could lower our ratings on Spirit over the next year if we
believe the recovery will be more prolonged or weaker than we
expect such that FFO to debt does not improve to the
high-single-digit percent area or if cash flows remain materially
negative in 2021. We could also lower our rating if we anticipate
liquidity concerns due to prolonged operational weakness or an
inability to raise additional funds to meet future obligations,"
S&P said.

"Although unlikely over the next year, we could revise our outlook
on Spirit to stable if the recovery in airline passenger traffic is
stronger than we expect by the end of 2020 such that FFO to debt
improves to the mid-single-digit percent area, and we expect
further improvement to the high-single-digit percent area in 2021.
The company's liquidity must also remain at least adequate for us
to revise the outlook to stable," the rating agency said.


STA VENTURES: Seeks to Hire Magaro & Conine as Accountant
---------------------------------------------------------
STA Ventures, LLC, seeks authority from the U.S. Bankruptcy Court
for the Northern District of Georgia to employ Magaro & Conine,
CPA, as accountant to the Debtor.

STA Ventures requires Magaro & Conine to:

(1) consulting with Debtor and Debtor's counsel in matters
pertaining to accounting in connection with Debtor's development of
a plan of reorganization;

(2) preparing and providing financial documents required by federal
and state law, including periodic operating reports on behalf of
the Debtor;

(3) preparing and providing balance sheets, financial statements,
and other reports of the Debtor; and

(4) preparing any required federal and state tax returns, if
necessary.

Magaro & Conine will be paid at the hourly rate of $150.

Magaro & Conine will also be reimbursed for reasonable
out-of-pocket expenses incurred.

T. Philip Conine, partner of Magaro & Conine, CPA, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Magaro & Conine can be reached at:

     T. Philip Conine
     MAGARO & CONINE, CPA
     5084 Lavista Road
     Tucker, GA 30084
     Tel: (770) 414-1660

                     About STA Ventures

STA Ventures, LLC, a limited liability corporation with principal
office address at 145 Houze Way, Roswell, Fulton County, Georgia,
filed a Chapter 11 bankruptcy petition (Bankr. N.D. Ga. Case No.
20-66843) on June 1, 2020. At the time of the filing, the Debtor
disclosed estimated assets of $1 million to $10 million and
estimated liabilities of the same range. The petition was signed by
Stephen T. Allen, its managing member. The Debtor tapped
Chamberlain, Hrdlicka, White, Williams & Aughtry as counsel and
Thomas C. Carson, PhD, MAI, of Peach Appraisal Group, Inc., as
appraiser.


STANFORD JONES: Unsecureds to Get $5,161 Over Five Years
--------------------------------------------------------
Stanford, Jones & Loyless, LLC, submitted a Amended Disclosure
Statement and Plan.

The primary asset of the Debtor consists of a building at 1314 Cobb
Lane Birmingham, AL 35205.

The Debtor has set forth in and rented part of the property.  From
two leases in place the monthly income is $4,000 and a third space,
as yet unrented, estimates of future business income and expenses,
and a statement of estimated available future monthly income and
plan payments. The rent payment from Furgus Media, LLC is $2,500
per month. The original contract with Furgus Media, LLC was $2,000
and has now been increase to $2,500.00 (Exhibit A).  The rent
payment from American Interactive Marketing, LLC is $1,500 per
month. (Exhibit B ).  The insurance on the building annually is
3,968 which is paid quarterly in installments of $992.  American
Interactive Marketing, LLC is renting space in the building is
paying the utilities and Insurance on the building. They are broken
down as follows Insurance quarterly installment payments of $992,
Alabama Power $200 per month, Alagasco $42.98, Water bill $125 and
Internet $116.97.

The Plan will pay all allowed secured claims as follows:

   * SouthPoint Bank. Has filed Proof of Claim 2-1 in the amount of
$308,203.  The proof of claim is secured by a first mortgage lien
upon the Debtor's residence located at 1314 Cobb Lane Birmingham,
AL 35205.  The Debtor proposes to pay SouthPoint Banks Proof of
Claim as set forth in the agreement between the Debtor and
SouthPoint Bank of $3,008 per month.  One final balloon payment
will be made on the maturity date in an amount equal to the unpaid
principal and accrued and unpaid interest.

   * ServiceFirst Bank. Has filed a Proof of claim 4-1 in the
amount of $385,030, the said amount is disputed. The plan proposed
by the Debtor proposes to pay ServiceFirst Bank $46.00 per month in
adequate protection payments until such time as ServiceFirst has
fully liquidated its claim in Chapter 11 19-01844 and Chapter 11
19-01846.  Thereafter Debtor proposes to pay $400 per month on
ServiceFirst's (fully liquidated) claim for 10 years with interest
rate of 5.5% and a final balloon payment after 10 years.

Unsecured claims are estimated to be in the amount of $5,161.  This
consists of a claim filed by the Department of Treasure –
Internal Revenue Service for $4,035, claim number 3, and a claim
filed by State of Alabama, Department of Revenue for $1,126 claim
1.  The Debtor proposes to pay the unsecured claims their pro rata
basis share of $5,160.92 over five years from five annual payments
of $1,032.  The first annual payment will be due on the first
anniversary of the Effective Date of the Plan and each year here
after until five annual payments are made. This Plan provides a 7%
dividend to this unsecured class.  As the Debtor's is providing the
funding for this portion of the plan, he will also guarantee the
payments to the two unsecured creditors pursuant to the confirmed
Plan.

As to the Equity Security Holder, the Debtor will retain all assets
as set out herein (1314 Cobb Lane Birmingham, AL 35205).

The Debtor's rental contracts are the primary source of money for
the Debtor and for the funding of payment of creditors in the
Plan.

A full-text copy of the Amended Disclosure Statement dated June 3,
2020, is available at https://tinyurl.com/y8rgvaem from
PacerMonitor.com at no charge.

Attorney for the Debtor:

     MICHAEL E. BYBEE, ESQUIRE
     2107 5th Avenue North, Suite 401 I
     Birmingham, Alabama 35203-3387
     (205) 252-1622

                About Stanford, Jones & Loyless

Based in Birmingham, Ala., Stanford, Jones & Loyless, LLC, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Ala. Case No. 20-00503) on Feb. 6, 2020, listing under $1 million
in both assets and liabilities.  Michael E Bybee, Esq., at the Law
Office of Michael E. Bybee, is the Debtor's legal counsel.


STONERIDGE INC: S&P Downgrades ICR to 'B+'; Outlook Negative
------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Stoneridge
Inc. to 'B+' from 'BB-'.

The impacts of lower production volumes amid the coronavirus
pandemic could have a bigger impact on the company's profitability
than S&P initially forecast.  The significant decline in volumes
anticipated, combined with the higher amount of fixed costs and
restructuring charges for some operational activities, could
significantly affect EBITDA in 2020 and also partially in 2021.
This may result in debt to EBITDA in 2020 being above S&P's
previous expectations of below 3x. However, once volumes pick up
and some restructuring charges drop off, S&P expects debt to EBITDA
to materially improve.

Environmental, social, and governance (ESG) credit factors for this
credit rating change:

-- Health and safety

S&P's negative outlook reflects at least one in three chance that
it could downgrade Stoneridge over the next 12 months due to weak
cash flow adequacy metrics if industry volumes do not pick up as
expected.

"We could lower the rating over the next 12 months if we believed
debt to EBITDA would increase to and remain above 5x and free cash
outflow would remain materially negative in 2021. This could occur
if there were higher restructuring costs to achieve the company's
initiatives or profitability did not improve as expected once
volumes ramp back up. We could also lower the ratings if a covenant
breach appeared likely over the next 12 months and we did not
believe the company would be able to get a waiver from its
lenders," S&P said.

"We could revise our outlook on Stoneridge to stable within the
next 12 months if end-market conditions appeared to be recovering
in late 2020 and early 2021, enabling it to improve the operating
efficiency of its manufacturing facilities. Under this scenario, we
would expect Stoneridge to maintain debt to EBITDA of less than 5x
and generate positive cash flow," the rating agency said.


TEMPLAR ENERGY: Unsecureds Will Get Nothing Under Plan
------------------------------------------------------
The Templar Energy LLC, et al., submitted a Plan and a Disclosure
Statement.

The Debtor are commencing this solicitation after extensive
discussions over the past several months with certain key creditors
RBL Claims.  As a result of these negotiations, the Debtor entered
into a Restructuring Support Agreement, dated May 31, 2020, with
certain lenders holding RBL Claims and the agent under RBL Credit
Agreement.  The consenting Lenders, hold, in the aggregate, 100% of
the aggregate principal amount of RBL Claims.

Class 3: RBL Secured Claims are impaired.  RBL Claims are deemed
Allowed in the aggregate principal amount of $426,000,000, plus any
interest, fees, and expenses.  Each Holder of a RBL Secured Claim
shall receive, on the Effective Date, its pro rata share of the RBL
Recovery.

Class 4: General Unsecured Claims are impaired.  Class 4 consists
of all General Unsecured Claims, including the RBL Deficiency
Claim.  Holders of General Unsecured Claims shall not receive or
retain any distribution under the Plan on account of such General
Unsecured Claims.

Class 7: Interests in Holdings are impaired.  Class 7 Interests in
Holdings shall be cancelled, with the Holders of such Class 7
Interests in Holdings receiving no distribution on account of such
Interests in Holdings.

Class 8: Interests in Holdcorp are impaired. Class 8 Interests in
Holdcorp shall be cancelled, with the Holders of such Class 8
Interests in Holdcorp receiving no distribution on account of such
Interests in Holdcorp.

To address their working capital needs and fund their chapter 11
efforts, on or immediately after the Petition Date, the Debtors
intend to seek Bankruptcy Court approval of an agreement with the
DIP Lenders to receive a senior secured superpriority revolving
credit facility in an aggregate new money amount of up to $25
million pursuant to the DIP Credit Agreement.  The proposed order
seeking approval of the DIP Financing also reflects an agreement
between and among the Debtors and the RBL Lenders regarding the
consensual use of Cash Collateral (as defined in the Bankruptcy
Code) and the terms of adequate protection to be provided to such
parties.  The DIP Financing also contemplates a roll-up of $0.50 of
obligations outstanding under the Prepetition RBL Facility for
every $1.00 of each DIP Lender's commitment under the DIP
Financing.

The Debtors requested that the Court approve the following dates,
which comply with the milestones contained in the Restructuring
Support Agreement (all times referenced below refer to prevailing
Eastern Time and hearing dates are subject to the Court's
availability):

   * Mailing of the Combined Notice: June 4, 2020 (within two days
of entry of the Scheduling Order)

   * Filing of Plan Supplement: June 25, 2020 (7 days before the
Objection Deadline)

   * Disclosure Statement and Confirmation Objection Deadline: July
2, 2020 at 4:00 p.m. (28 days after mailing of Combined Notice)

   * Reply Deadline: July 8, 2020 at 4:00 p.m. (3 business day
before the Confirmation Hearing)

Combined Hearing: July 13, 2020 (11 days after the Objection
Deadline)

A full-text copy of the Disclosure Statement dated June 1, 2020, is
available at https://tinyurl.com/ybbzn7xq  from PacerMonitor.com at
no charge.

Proposed counsel to the Debtors:

     Paul M. Basta
     Robert A. Britton
     PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
     1285 Avenue of the Americas
     New York, New York 10019
     Tel: (212) 373-3000
     Fax: (212) 757-3990

           - and -

     Pauline K. Morgan
     Jaime Luton Chapman
     Rodney Square
     YOUNG CONAWAY STARGATT & TAYLOR, LLP
     1000 North King Street
     Wilmington, Delaware 19801
     Tel:(302) 571-6600
     Fax: (302) 571-1253

                     About Templar Energy

Templar Energy LLC and its affiliates, founded in 2012, are
independent exploration and production companies, with a core focus
on the development and acquisition of oil and natural gas reserves
in the Greater Anadarko Basin of Western Oklahoma and the Texas
Panhandle.

Templar Energy and its operating subsidiaries --
http://templar.energy/-- have acquired substantial assets in the
Mid-Continent region covering, as of the Petition Date,
approximately 273,400 net acres by directly leasing oil and gas
interests from mineral owners.

Templar Energy LLC and its affiliates sought Chapter 11 protection
(Bankr. D. Del. Case No. 20-11441) on June 1, 2020.

Templar Energy was estimated to have $100 million to $500 million
in assets and $500 million to $1 billion in liabilities.

Guggenheim Securities, LLC is acting as the Company's investment
banker, Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as
legal counsel, and Alvarez & Marsal North America, LLC is acting as
financial advisor.  Young Conaway Stargatt & Taylor, LLP is local
co-counsel.  Kurtzman Carson Consultants LLC is claims agent,
maintaining the page http://www.kccllc.net/TemplarEnergy.


TEVOORTWIS DAIRY: Court Granted Preliminary Approval on Disclosures
-------------------------------------------------------------------
Judge Daniel S. Opperman has ordered that the disclosure statement
filed by Tevoortwis Dairy, LLC is granted preliminary approval,
subject to any timely and proper objections.

The hearing on objections to final approval of the Disclosure
Statement and confirmation of the Plan will be held on Thursday,
July 16, 2020 at 9:30 a.m. in the U.S. Bankruptcy Courtroom, 111
First Street, Bay City, Michigan 48708.

The deadline to return ballots on the plan, as well as to file
objections to final approval of the disclosure statement and
objections to confirmation of the plan, is July 9, 2020.  The
completed ballot form must be returned by mail to Debtor’s
attorney Keith Schofner, 755 W. Big Beaver Road, Suite 410, Troy,
Michigan 48084.

                  About Tevoortwis Dairy

TeVoortwis Dairy, LLC, is a privately held company in Bad Axe,
Mich., that operates in the dairy farming industry.

TeVoortwis Dairy sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 19-21104) on May 24,
2019.  At the time of the filing, the Debtor was estimated to have
assets of between $10 million and $50 million and liabilities of
the same range.  The case is assigned to Judge Daniel S. Opperman.
Keith A. Schofner, Esq., at Lambert Leser, is the Debtor's
bankruptcy counsel.

The Office of the U.S. Trustee on June 24, 2019, appointed three
creditors to serve on an official committee of unsecured creditors
in the Chapter 11 case.  The Committee retained Winegarden Haley
Lindholm Tucker & Himelhoch, P.L.C., as counsel.


THEE OLDE PLACE: Gets Court Approval to Hire Bankruptcy Attorney
----------------------------------------------------------------
Thee Olde Place Inn, Inc., received approval from the U.S.
Bankruptcy Court for the Western District of Pennsylvania to hire
Francis Corbett, Esq., as its bankruptcy attorney.

Mr. Corbett, a Pittsburgh, Pa.-based attorney, will represent
Debtor in its Chapter 11 case.  He will charge an hourly fee of
$250 for his services.

Debtor paid the attorney a retainer of $7,500, including the filing
fee in the amount of $1,717.

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

Mr. Corbett holds office at:

     Francis E. Corbett, Esq.
     Mitchell Building-707
     304 Ross Street
     Pittsburgh, PA 15219
     Phone: (412) 456-1882
     E-mail: fcorbett@fcorbettlaw.com

                   About Thee Olde Place Inn

Thee Olde Place Inn, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 20-21735) on June 3,
2020.  At the time of the filing, Debtor had estimated assets of
between $50,001 and $100,000 and liabilities of between $500,001
and $1 million.  Judge Gregory L. Taddonio oversees the case.
Debtor has tapped Francis E. Corbett, Esq., as its bankruptcy
attorney.


TIMMAJ INC: Unsecureds to Get 10% Distribution Under Plan
---------------------------------------------------------
Timmaj, Inc., submitted a Plan of Reorganization and a Disclosure
Statement.

The Debtor's Plan of Reorganization provides for payment of $15,122
in installment payments to general unsecured creditors, to be
divided among general unsecured creditors pro rata, plus a one-time
payment of $1,215 to be divided pro rata among creditors in a
"convenience class" holding claims of $1,000 or less.  The
installment payments will be paid over a five-year period, with
payments totaling $756.11 per quarter.  General unsecured claims to
be paid over time total $151,222.  General unsecured creditors will
receive a distribution of 10% on their allowed claims.

The Debtor will pay the $756.11 quarterly payment, divided pro rata
among holders of allowed general unsecured claims, each quarter,
until the end of the five-year term of the Plan.  The Debtor will
distribute the amount in the distribution account each quarter
immediately upon availability of the funds in the distribution
account.

The Debtor will pay the priority claim of the Oregon Department of
Transportation, in the amount of $8,000, in full, plus interest at
3% per annum, in payments of $177.07 per month.  The Debtor
believes that the claims of the Internal Revenue Service and
Illinois Department of Revenue have been paid in full, but to the
extent that any balance remains, these claims will be paid in full
on the first day of the calendar quarter after the Effective Date
of the Plan.

The Debtor will pay the secured claim of Bank Capital, secured by a
2018 Volvo tractor, in the amount of $79,750, with interest at 6%
per annum, over five years, in monthly payments of $1,542 per
month.  The Debtor will pay the secured claim of Citizens Bank,
secured by a 2011 Chevrolet Avalanche, in the amount of $10,100,
with interest at 6% per annum, over five years, in monthly payments
of $237.20 per month.  The Debtor will pay the secured claim of
Transportation Alliance Bank, d/b/a TAB Bank, secured by a 2018
Volvo tractor, in the amount of $86,386, with interest at 6% per
annum, over five years, in monthly payments of $1,670 per month.
The unsecured portion of each claim will receive a 10% payment, in
quarterly payments over a period of five years.  The quarterly
payment amounts on these unsecured claims is included in the $765
per quarter amount in the paragraph dealing with unsecured claims,
above.

Three creditors -- BMO Harris Bank N.A., ENGS Commercial Finance
Co., and Mercedes Benz Financial Services USA, LLC -- obtained
relief from the automatic stay during the pendency of this case and
have recovered, or are recovering, their collateral.  BMO Harris
and ENGS filed claims as fully secured and have not amended their
claims to reflect an unsecured deficiency amount.  Mercedes Benz
has not filed a claim.  To the extent any unsecured claims are
filed by these creditors and allowed, the Debtor will pay a 10%
payment on the claims on the same schedule as other general
unsecured claims.

The Debtor projects sufficient income to pay all required payments
under the Plan.

A full-text copy of the Disclosure Statement dated June 1, 2020, is
available at https://tinyurl.com/ybaaq8q5 from PacerMonitor.com at
no charge.

Attorney for the Debtor:

     David P. Lloyd
     615B S. LaGrange Rd.
     LaGrange IL 60525
     708-937-1264
     Fax: 708-937-1265

                      About TIMMAJ, Inc.

TIMMAJ, Inc., is a provider of transportation and logistics
services. The Debtor filed Chapter 11 Petition (Bankr. N.D. Ill.
Case No. 19-35634) on Dec. 18, 2019.  At the time of filing, the
Debtor was estimated to have $1 million to $10 million estimated
assets and liabilities.  The Hon. Carol A. Doyle oversees the case.
The Debtor's counsel is David P. Lloyd, Esq. of DAVID P. LLOYD,
LTD.


TRANSPLACE HOLDINGS: S&P Alters Outlook to Stable, Affirms B- ICR
-----------------------------------------------------------------
S&P Global Ratings affirmed all its ratings on Transplace Holdings
Inc., including its 'B-' issuer credit rating, and revised the
outlook to stable from positive.

S&P expects challenging macroeconomic conditions in 2020 to
significantly affect Transplace's third-party logistics operations,
though the more stable TMS segment should somewhat offset that. It
expects Transplace's truck brokerage and freight forwarding
operations, which represented about 60% of net revenues in 2019
(40% from the stand-alone brokerage operations and 20% from
logistics services provided to its TMS customers through
cross-selling opportunities), to be significantly hurt in 2020 by
coronavirus-related business and trade disruptions, as well as
lower consumer demand in a recessionary economic environment." Like
other truck brokers, Transplace purchases truck transportation on
the spot market, which exposes the company to price volatility.

However, in its TMS segment, which represented the remaining 40% of
net revenues in 2019, Transplace benefits from the relatively
longer-term nature of its customer contracts (typically three to
five years) and some revenue visibility in the form of a fixed
service fee (though more than 50% of the revenues in this segment
remain tied to volumes).

"We also view customer relationships in the TMS space as strong
because shifting providers can entail some risk of disruption. We
forecast 2020 revenues will decline in the mid-single-digit percent
area, with the TMS segment somewhat offsetting a steeper decline in
the brokerage segment. We also expect Transplace to benefit
somewhat from its favorable end-market exposure, with the
relatively stable food, beverage, and consumer products segments
accounting for just under 50% of its revenues," S&P said.

After a relatively weak 2019, S&P expects Transplace's credit
metrics to remain pressured in 2020. Transplace's 2019 financial
performance, though somewhat better in comparison to the broader
freight brokerage market, was still below S&P's expectations.
Revenues were flat (versus 2018), and debt to EBITDA was 7.2x
(versus S&P's previous expectations of below 6x) due to lower
pricing in the freight transportation markets and higher SG&A
expenses associated with expansion activities. S&P expects the
company's credit metrics to be hurt further in 2020 as a result of
lower shipping volumes and truck pricing during the global economic
recession, with debt to EBITDA weakening further to the mid-8x area
in 2020, and funds from operations (FFO) to debt declining to the
low-single-digit percent area (from the mid-single-digit percent
area in 2019). The rating agency expects credit metrics to improve
somewhat in 2021 as the economy begins to recover, with debt to
EBITDA declining to the low-7x area and FFO to debt increasing to
the mid-single-digit percent area.

S&P's liquidity assessment remains adequate. Although it expects
Transplace to generate lower cash flow in 2020 than it had
previously forecast, S&P still views the company's liquidity
position as adequate, with sources of liquidity exceeding uses by
about 2.7x." Minimal near-term debt maturities and availability
under its $90 million revolving credit facility support the
company's liquidity position. Additionally, Transplace has minimal
capital spending requirements, given the asset-light nature of its
business.

Environmental, social, and governance (ESG) credit factors for this
credit rating change:

-- Health and safety

S&P's outlook on Transplace is stable. Although it expects the
global economic recession will result in lower shipping volumes and
lower truck pricing in 2020 (resulting in lower brokerage
revenues), S&P believes Transplace's credit metrics will remain
appropriate for the rating, and it does not expect leverage to
reach unsustainable levels in the long term.

"We could lower our rating on Transplace over the next 12 months if
the company's operating performance deteriorates more severely than
we expect, or the company aggressively pursues debt-financed
acquisitions such that we believe its leverage will no longer be
sustainable over the long term. This could happen if we expect the
company's debt to EBITDA to increase to above 9x on a sustained
basis. We could also lower our rating if sustained weakness in
operating results cause its liquidity position to weaken," S&P
said.

"Although unlikely, we could raise our rating on Transplace over
the next 12 months if we expect debt to EBITDA to decline to below
6.5x and FFO to debt to improve to the high-single-digit percent
area on a sustained basis. We would also need management to commit
to maintain these ratios going forward in order to raise the
rating," the rating agency said.


TRENT RIVER: Unsecureds to Get Installments Until Paid in Full
--------------------------------------------------------------
Trent River Adventures, LLC, submitted a Chapter 11 Plan of
Reorganization and a Disclosure Statement.

The Plan contemplates a reorganization of debts and continuation of
the Debtor's business activities.  In accordance with the Plan, the
Debtor intends to satisfy creditor claims from income earned
through continued operations of its business.

The Debtor's liabilities will be paid according to the priorities
of the Bankruptcy  Code and the Orders of the Court.  The specific
amounts and terms of payment will be made according to the
treatment of each respective creditor.

Class 9 General Unsecured Claims total $289,087.49.  In accordance
with the liquidation analysis, the Debtor will pay the claims in
full.  The Debtor will pay allowed Claims in this Class through
quarterly payments of $7,796 at a fixed rate of interest at 1.5
percent per annum over a ten year period commencing on the 15th day
of December 2020 and continuing on the 15th day of March, June,
September and December each year thereafter until the claim is paid
in full.  All payments to this class will be distributed pro rata.


A full-text copy of the Disclosure Statement dated June 1, 2020, is
available at https://tinyurl.com/ycvqxz54 from PacerMonitor.com at
no charge.

Attorneys for the Debtor:

     George Mason Oliver
     Ciara L. Rogers
     Linda B. Green
     The Law Offices of Oliver & Cheek, PLLC
     Post Office Box 1584
     New Bern, North Carolina 28563
     Telephone: (252) 633-1930
     Facsimile: (252) 633-1950
     E-mail: george@olivercheek.com
     E-mail: ciara@olivercheek.com
     E-mail: linda@olivercheek.com

                About Trent River Adventures

Trent River Adventures, LLC, a company that owns and operates a
golf course facility in New Bern, N.C., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.C. Case No.
20-00926) on March 3, 2020.  At the time of the filing, the Debtor
disclosed assets of between $1 million and $10 million and
liabilities of the same range.  Judge Joseph N. Callaway oversees
the case.  The Law Offices of Oliver & Cheek, PLLC and Lori G.
Baldwin, CPA serve as Debtor's legal counsel and accountant,
respectively.


UNITED METHODIST: Aug. 13 Hearing on Disclosure Statement
---------------------------------------------------------
Judge William V. Altenberger has ordered that a hearing will be
held at U.S. Bankruptcy Court, Melvin Price US Courthouse, 750
Missouri Ave, East St Louis, IL 62201 on Aug. 13, 2020 at 9:00
a.m., to consider and act upon the Amended Disclosure Statement
filed by Debtor The United Methodist Village, Inc.

              About The United Methodist Village

The United Methodist Village, Inc., is a non-profit nursing home
based in Lawrenceville, Illinois.

The United Methodist Village filed for bankruptcy protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ill. Case No.
19-60046) on Feb. 22, 2019.  In the petition signed by Ashli
Wesley, administrator, the Debtor disclosed $13,779,571 in assets
and $7,164,533 in liabilities.  The case has been assigned to Judge
Laura K. Grandy.  Roy J. Dent, Esq., at Dent Law Office, Ltd.,
represents the Debtor.


VCHP NEPTUNE: Hires Matranga & Company as Tax Preparer
------------------------------------------------------
VCHP Neptune Beach, LLC, and its debtor-affiliates seek authority
from the U.S. Bankruptcy Court for the Middle District of Florida
to employ Matranga & Company, as tax preparer to the Debtors.

VCHP Neptune requires Matranga & Company to prepare the Debtors'
tax return for the tax year 2019, and to provide tax consulting
services.

Matranga & Company will be paid a flat fee of $2,400 to $2,750.

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

Matranga & Company can be reached at:

     Joseph Matranga
     MATRANGA & COMPANY
     6255 Lusk Blvd., Suite 150
     San Diego, CA 92121
     Tel: (858) 558-8100

                   About VCHP Neptune Beach

VCHP Neptune Beach, LLC, which conducts business under the name Red
Roof Inn Neptune Beach, operates commonly owned value-type hotels
pursuant to franchise agreements with and under the flag of Red
Roof Hotels.

VCHP Neptune Beach filed a Chapter 11 petition (Bankr. M.D. Fla.
Case No. 20-00740) on Feb. 28, 2020.

On the Petition Date, the Debtor was estimated to have between $1
million and $10 million in both assets and liabilities. The
petition was signed by Dmitry Tomkin, Vendian Capital Management
Limited as manager of Vendian-Covenant Hospitality Partners, LLC,
the sole and managing member.

Agentis PLLC is the Debtor's counsel.



VISTA PROPPANTS: Trinity Industries Appointed as Committee Chair
----------------------------------------------------------------
The Office of the U.S. Trustee on June 25, 2020, announced the
appointment of Trinity Industries Leasing Co. as chair of the
official committee of unsecured creditors in the Chapter 11 cases
of Vista Proppants and Logistics, LLC and its affiliates.

As of June 25, the committee is comprised of:

     1. Trinity Industries Leasing Co.
        c/o Scott Ewing, Associate General Counsel
        2525 N. Stemmons Fwy.
        Dallas, TX 75207
        214-589-6531
        Scott.ewing@trin.net

     2. The Andersons
        c/o Sean Hankinson, VP Sales Rail Group
        1947 Briarfield Blvd.
        Maumee, OH 43537
        419-891-6352p
        Sean.hankinson@andersoninc.com

     3. MP Systems Co., LLC
        c/o David Corley, President
        11407 Strang Line Road
        Lexesa, KS 66215
        913-599-6977
        dcorley@midwestprocess.net

     4. Schlumberger Technology Corporation
        c/o Donald Burell, Credit Manager
        3600 Briarpark Drive
        Houston, TX 77042
        281-285-1963
        dburell@slb.com

     5. Twin Eagle Sand Logistics, LLC
        c/o Andy Branaugh, SVP-Sand & Terminal Logistics
        8847 West Sam Houston Parkway North
        Houston, TX 77040
        832-776-0512 (mobile)
        Andy.branaugh@twineagle.com

                About Vista Proppants and Logistics

Vista Proppants and Logistics, LLC is a pure-play, in-basin
provider of frac sand solutions in producing regions in Texas and
Oklahoma, including the Permian Basin, Eagle Ford Shale and
SCOOP/STACK.  It is Headquartered in Fort Worth, Texas.  For more
information, visit https://vprop.com

Vista Proppants and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Texas Lead Case No.
20-42002) on June 9, 2020.  At the time of the filing, Vista
Proppants had estimated assets of less than $50,000 and liabilities
of between $100 million and $500 million.  

Judge Edward L. Morris oversees the cases.  

Debtors tapped Haynes and Boone, LLP as its legal counsel.
Kurtzman Carson Consultants, LLC is the claims, noticing, balloting
and solicitation agent.


W&T OFFSHORE: S&P Cuts ICR to 'SD' on Discounted Debt Repurchases
-----------------------------------------------------------------
S&P Global Ratings lowered the issuer credit rating on U.S.-based
exploration and production (E&P) company W&T Offshore Inc. to 'SD'
(selective default) from 'CCC+'. S&P lowered the second-lien notes
to 'D' from 'B'; the recovery rating remains '1'.

W&T purchased a substantial amount of debt at a significant
discount to par. W&T reported it purchased $72.5 million of its
second-lien notes due 2023 at an average price of 33% of par value
during the first quarter and beginning of the second quarter of
2020. This represents about 11.5% of the second-lien notes and 10%
of W&T's overall year-end 2019 long-term debt. Additionally, the
credit quality of W&T and many of its E&P industry peers has
deteriorated due to weak crude oil and natural gas prices. In light
of these factors, S&P viewed the debt repurchases as a distressed
transaction and selective default.

S&P intends to reassess the issuer credit rating within the next
couple weeks. Its analysis will include the improved debt leverage
and benefit to cash flows due to lower interest costs, which result
in roughly $7.1 million of annual savings. Additionally, S&P's
assessment will include the effect of the recent borrowing base
redetermination on liquidity, which resulted in a $35 million
decline in the borrowing base to $215 million, but also a waiver of
the total debt leverage covenant through 2021." This was replaced
with a maximum first-lien debt leverage of 2x through the waiver
period. The decline in the borrowing base is cushioned by the
company's repayment of $25 million of outstanding borrowings
through operating cash flows in the first quarter.


WESTERN ALLIANCE BANK: S&P Withdraws 'BB+' Sub Debt Rating
----------------------------------------------------------
S&P Global Ratings said it withdrew its 'BBB-' long-term issuer
credit rating and its 'BB+' subordinated debt rating on Western
Alliance Bank at the issuer's request. The outlook was stable at
the time of the withdrawal.



YIPPIE DOODLE: Unsecureds get 50% net Profit for Previous Year
--------------------------------------------------------------
This is the disclosure statement in the chapter 11 case of Yippie
Doodle Corporation.

The Debtor faced considerable cash flow constraints during its
rapid expansion. The Debtor unwisely utilized several high interest
loan sources resulting in the Debtor being unable to pay those
obligations. The default of those obligations jeopardized the
survival of the Debtor's business. The Debtor was forced to seek
bankruptcy protection to reorganize its affairs.

Secured claims are impaired.

DMKA LLC filed a secured claim (claim No. 8) for $99,263.  The
Debtor will pay this claim in full plus 5.25 interest in monthly
installments and the claim will be paid in full in 60 equal monthly
payments.  The payments will be approximately $1,700 per month with
the first monthly payment being due and payable on the 15th day of
the first full calendar month following 60 days after the effective
date of the plan.  Any unsecured portion of this claim will be
treated as general unsecured pursuant to Class 4 of the Plan.

General unsecured claims are impaired.

The allowed general unsecured creditors will be paid as much of
what they are owed as possible.  Each year, if the Reorganized
Debtor made a profit, after income taxes, and after making all
secured plan payments and normal overhead payments, the Reorganized
Debtor shall pay to the allowed unsecured creditors their pro rata
share of 50% of the net profit for the previous year, in 12 monthly
payments beginning on September 15th of the year in which the
financial statement is mailed to these creditors.  This payout will
not exceed five years, and at the end of the five-year Plan term.

Insiders won't receive anything.

Insiders will not be paid any prepetition claims during the term of
the Plan and their claims will be discharged upon confirmation of
the Plan.

Equity interest holders will retain their interests.

The two shareholders -- Michael Lindsey and Craig Hindall -- will
retain their interest in the Reorganized Debtor but will not
receive dividends during the term of the plan of reorganization.

Payments and distributions under the Plan will be funded by through
future income from the operations of the company.

A full-text copy of the Disclosure Statement dated June 1, 2020, is
available at https://tinyurl.com/yb8jlkmr from PacerMonitor.com at
no charge.

                   About Yippie Doodle Corp.

Yippie Doodle Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 19-35389) on Sept. 27,
2019.  At the time of the filing, Debtor had estimated assets of
less than $50,000 and liabilities of between $100,001 and $500,000.
The case is assigned to Judge Christopher M. Lopez.  Debtor is
represented by Russell Van Beustring, Esq., at The Lane Law Firm,
PLLC.

No official committee of unsecured creditors has been appointed in
Debtor's Chapter 11 case.


YOUNG SMILES: Court Conditionally Approves Disclosure Statement
---------------------------------------------------------------
Judge Michael G. Williamson has ordered that the Disclosure
Statement of Young Smiles Pediatric Dentistry & Spa, P.A. is
conditionally approved.

The Court will conduct a hearing on confirmation of the Plan,
including timely filed objections to confirmation, objections to
the Disclosure Statement, motions for cramdown, applications for
compensation, and motions for allowance of administrative claims on
July 15, 2020 at 9:30 a.m. in Tampa, FL − Courtroom 8A, Sam M.
Gibbons United States Courthouse, 801 N. Florida Avenue.

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

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

Parties in interest must submit to the Clerk's office their written
ballot accepting or rejecting the Plan no later than eight (8) days
before the date of the Confirmation Hearing.

                 About Young Smiles Pediatric
                     Dentistry & Spa P.A.

Young Smiles Pediatric Dentistry & Spa, P.A. --
https://youngsmilesdental.net/ -- offers dental services for
infants, children, and adolescents.

Young Smiles Pediatric Dentistry & Spa, P.A., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case
No.19-08904) on Sept. 20, 2019.  In the petition signed by Dr. Kera
Young, president, the Debtor disclosed $277,974 in assets and
$1,040,400 in liabilities. Samantha L. Dammer, Esq., at Tampa Law
Advocates, P.A., is the Debtor's counsel.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
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equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
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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
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
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                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2020.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
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not guaranteed.

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are $25 each.  For subscription information, contact Peter A.
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                   *** End of Transmission ***