/raid1/www/Hosts/bankrupt/TCR_Public/200727.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, July 27, 2020, Vol. 24, No. 208

                            Headlines

1465V DONHILL: Hires Resnik Hayes as Bankruptcy Counsel
152 BROADWAY: Secured Creditor Objects to Disclosure Statement
24 HOUR FITNESS: Closes 1 of 3 Locations in Colorado Springs
2812 OCEAN: Voluntary Chapter 11 Case Summary
444 EAST 13: Tenants Say Plan Patently Unconfirmable

AAC HOLDINGS: Files for Bankruptcy Protection
AAC HOLDINGS: Young, Stroock Represent Term Lender Group
ALDRICH PUM: Trane Units in Chapter 11 to Handle Asbestos Claims
AMADUES DEVELOPMENT: Trustee's $450K Sale of Potomac Property OK'd
AMERICAN EDUCATION: Has $1.3-Mil. Net Loss for 2019

AMERICORE HOLDINGS: St. Alexius Gets $16.5M Virus Relief Funds
ANDES INDUSTRIES: US Trustee Objects to Disclosure Statement
APOLLO ENDOSURGERY: Enters Into a $25M Equity Financing Agreement
ASCENA RETAIL: Case Summary & 50 Largest Unsecured Creditors
ASCENA RETAIL: Files Chapter 11 to Facilitate Restructuring

ASCENA RETAIL: S&P Downgrades ICR to 'D' on Chapter 11 Filing
ASHFORD HOSPITALITY: Says Substantial Going Concern Doubt Exists
AVALANCHE COMPANY: Unsecureds Will be Paid in Full
B2B TECH: Unsecureds Will get Prorata Cash From Plan Trust
BARFLY VENTURES: Aug. 24 Auction of All Assets Set

BARFLY VENTURES: Committee Hires Jaffe Raitt as Co-Counsel
BARFLY VENTURES: Committee Taps Amherst as Financial Advisor
BARFLY VENTURES: Committee Taps Sugar Felsenthal as Counsel
BAUMANN & SONS: Aug. 29 Hearing on Bidding Procedures for Assets
BED BATH: Moody's Lowers CFR to Ba2, Outlook Negative

BIOLASE INC: Rights Offering Oversubscribed by Over 200%
BOSS OYSTER: Centennial Bank Objects to Amended Plan & Disclosure
BOUNCE FOR FUN: Proposes Auction Sale of Assets
BRUCE ELIEFF: Trustee Sets Bidding Procedures for Irvine Property
BY CROWN: S&P Rates $500MM Senior Secured Notes 'B-'

BYRDLAND PROPERTIES: River Bend Buying Assets for $4.6 Million
CALIFORNIA RESOURCES: Davis, Haynes Update on Term Lender Group
CAMBER ENERGY: Assigns to PetroGlobe Assets in Hutchinson, Texas
CARBO CERAMICS: Court Approves Disclosure Statement
CARPENTER'S ROOFING: Disclosure Hearing Continued to August 25

CASCADES OF GROVELAND: To Pay PC Services' Lot Allocation in 5 Yrs
CATSKILL DISTILLING: Taps Saffioti & Anderson as Special Counsel
CENTER OF ORLANDO: Unsecureds to Split $50K in Plan
CENTRAL BASIN MUNICIPAL WATER: S&P Cuts Debt Ratings to 'CCC'
CHILDREN’S PLACE: To Shutter 300 More Stores

CHINESEINVESTORS.COM: Files for Chapter 11 to Cut Debt
CHINOS HOLDINGS: Deloitte Objects to Disclosure Statement
CINEMEX USA: Committee Hires FTI Consulting as Financial Advisor
CLARE OAKS: Bondholders Lapis and Amundi Propose Plan
CYNTHIA NURSE-KEIZER: Falby Buying Brooklyn Property for $2.3M

DEAN FOODS: Dairy Farmers Seeks to Toss Food Lion Suit
DELTA AIR LINES: S&P Affirms 'BB' ICR Despite Steep Demand Decline
DEPENDABLE BUILDING: Status Hearing Continued to July 30
DIAMOND RESORTS: S&P Affirms 'CCC+' ICR on Adequate Liquidity
DIEBOLD NIXDORF: S&P Alters Outlook to Stable, Affirms 'B-' ICR

DIOCESE OF SYRACUSE: Files for Bankruptcy Amid Lawsuits
DIRECTVIEW HOLDINGS: MaloneBailey Replaces AD as Accountant
DOVE REAL ESTATE: Court Confirms Plan
FACTOM INC: Files Chapter 11 Bankruptcy Protection
FECK PROPERTIES: Seeks to Hire Florida Bankruptcy as Legal Counsel

FORESIGHT ENERGY: U.S. Trustee Objects to Bankruptcy Plan
FORTRESS TRANSPORTATION: S&P Rates New Senior Unsecured Notes 'B'
FOURTEENTH AVENUE: Reorganization Plan Confirmed by Judge
FROGNAL HOLDINGS: Case Summary & 17 Unsecured Creditors
FS ENERGY: S&P Raises Rating to 'B' on Debt Reduction

GAIL HALPERN: Meyers Buying Palm Beach Gardens Property for $4.1M
GBT JERSEYCO: S&P Affirms B+ ICR on Reduced Debt; Outlook Negative
GBT TECHNOLOGIES: BF Borgers CPA PC Raises Going Concern Doubt
GENOCEA BIOSCIENCES: Incurs $11.3M Net Loss in Second Quarter
GEORGIA DEER: Atlas Equipment Buying Assets for $110K

GERASIMOS ALIVIZATOS: Struks Buying Ocean City Property for $245K
GGI HOLDINGS: Cigna Objects to Disclosure Statement
GI DYNAMICS: Signs Non-Binding Term Sheet for $10M Financing
GLOBAL ASSET: Case Summary & 20 Largest Unsecured Creditors
GLOBAL EAGLE: S&P Downgrades ICR to 'D' on Chapter 11 Filing

GNC HOLDINGS: Paul, Landis Represent FILO Term Loan Group
GNC HOLDINGS: Sept. 8 Auction of All Assets Set
GRAHAM PACKAGING: S&P Assigns 'B' ICR; Outlook Stable
GREEN VISION: Has $76K Net Loss for Quarter Ended March 31, 2019
GRUPO AEROMEXICO: Files for Chapter 11 Amid Pandemic

HAJJAR BUSINESS: July 30 Auction of Wayne Property Set
HERTZ HOLDINGS: Suspends the $500M Stock Sale Pending SEC Review
HI-CRUSH INC: Paul, Porter Hedges Represent Noteholder Group
HORNBECK OFFSHORE: Court Approves Reorganization Plan
HOTEL CUPIDO: Has Until July 31 to File Plan & Disclosures

IAVF TIMBER: S&P Lowers 2018 Revenue Bond Ratings to 'B+(sf)'
ICONIX BRAND: S&P Downgrades ICR to 'CCC-'; Outlook Negative
IMERYS TALC: Arnold & Itkin Objects to Disclosure Statement
IMPORT SPECIALTIES: Aug. 7 Auction of Assets Set
INNOVATION PHARMACEUTICALS: Grants Licensing Rights to Fox Chase

INSIGHT TERMINAL: Prepetition Lender Cash Contribution of $5M
INSPIRED CONCEPTS: Buddy's Buying Liquor License for $40K
J.C. PENNEY: Spector & Cox Represents Capcor Weslaco, 2 Others
J.CREW GROUP: Has Reopened 64% of Stores
J.CREW: Landlords Object to Disclosure Statement

JEFFREY D. MENOFF: Selling New York Arena & Equipment for $600K
JEWELTEX ENTERPRISES: Unsecureds Will be Paid 10% of Their Claims
KIWA BIO-TECH: Friedman LLP Presents Going Concern Doubt
KIZER GROUP LLC: Seeks Chapter 7 Bankruptcy Protection
LAKELAND HOLDINGS: S&P Downgrades ICR to 'D' on Chapter 11 Filing

LARRY B. WEINSTEIN: $340K Sale of Spring Valley Property Approved
LATAM AIRLINES: White, Holwell Represent Latam Bondholders
LIQUI-BOX HOLDINGS: Moody's Cuts CFR to B3 & Alters Outlook to Neg.
LIVEXLIVE MEDIA: Issues 2.4M Shares to UMGR to Satisfy Obligation
MARIMED INC: Discloses Factors Exist for Going Concern Doubt

MASHANTUCKET WESTERN: S&P Lowers Term Loan B Rating to 'D'
MICHAEL BONERT: Blakeley Represents Brian Muldoon, 15 Others
MICHAEL F. RUPPE: $1.2M Sale of Three Wharton Properties Approved
MODELL’S SPORTING: Seeks 3-Month Extension for Exit Plan
MOMENTIVE PERFORMANCE: S&P Downgrades ICR to 'B'; Outlook Negative

MURRAY ENERGY: Consol Drops Bid for Chapter 7 Liquidation
NEIMAN MARCUS: Expects to Exit Bankruptcy by September
NEIMAN MARCUS: Facebook in Talks Over Hudson Yard Space
NEOSHO CONCRETE: Seeks to Hire David Schroeder as Legal Counsel
NEW YORK HELICOPTER: Aug. 10 Auction of All Assets Set

NORTHERN OIL: Moody's Alters Outlook on B3 CFR to Stable
NPC INTERNATIONAL: Morgan, et al. Update on Class Claimants
OAK VALLEY HOSPITAL: S&P Alters Outlook to Stable
PARKINSON SEED: Plan Admin Proposes Auction of Home Place
PAVMED INC: Needs Additional Funding to Remain as a Going Concern

PERMIAN HOLDCO 1: Aug. 3 Hearing on Bid Procedures for All Assets
PHILADELPHIA ENERGY: Hilco Purchase of Refinery at $27.5M Less
PIER 1 IMPORTS: UST Says Court Should Reject Plan Disclosures
PITBULL REALTY: Unsecured Creditors to Recover 2% Over 4 Years
PRECIPIO INC: Q2-2020 Pathology Services Revenue Increased 50%

PURDUE PHARMA: McGrail & Bensinger Updates on Hospitals Group
PYXUS INTERTIONAL: Common Stock Delisted from NYSE Trading
REAGOR-DYKES MOTORS: $1 Million Sale of Assets to Premier Approved
REMLIW INC: Has Until July 31 to File Plan & Disclosures
REYNOLDS GROUP: S&P Affirms 'B+' ICR; Outlook Negative

SABLE PERMIAN: Sets Bidding Procedures for Substantially All Assets
SAGINAW PREPARATORY ACADEMY: S&P Affirms 'B' Revenue Bond Rating
SANA INDUSTRIES: Seeks Court Approval to Hire Consultant
SCIENTIFIC GAMES: Incurs $198 Million Net Loss in Second Quarter
SETTLERS JERKY: Unsecureds to Get 100% But in 5 Years

STEVEN PARK: Aug. 19 Auction of Torrance Property Set
STEVEN PARK: Safa Buying Torrance Property $2.1 Million
SUNTECH DRIVE: Gets Court Approval to Hire Accountant
TESLA INC: Moody's Hikes CFR to B2 & Sr. Unsec. Rating to B3
TETSUMI KUROKAWA: Foreign Rep's $700K Sale of Honolulu Property OKd

THOMAS HEALTH: Proposes Plan to Exit Bankruptcy
THOMAS HEALTH: Unsecured Creditors to Receive $750K in Joint Plan
TOOJAY'S MANAGEMENT: Sets Bidding Procedures for All Assets
TOWNSQUARE MEDIA: Moody's Alters Outlook on B2 CFR to Negative
TRAVELEXPERIENCE LLC: Bove Buying All Assets for $5K

TRUDY'S TEXAS: Conducts Auction for Properties
TWA PROPERTIES: August 11 Plan Confirmation Hearing Set
TWINLAB CONSOLIDATED: Has $44.5-Mil. Net Loss for 2019
ULTRA PETROLEUM: Stroock, Lavan Update on Term Lender Group
UNIQUE VENTURES: Plan Admin's $125K Sale of Assets to Damon's OK'd

VOYAGER AVIATION: S&P Downgrades ICR to 'CCC+' on Refinancing Risk
WATERS RETAIL: MC Coco's Aug. 21 Auction of All Assets Set
WORLD ENDURANCE: S&P Withdraws 'B-' Issuer Credit Rating
WP CPP HOLDINGS: S&P Affirms 'B-' Rating on First-Lien Debt
WPB HOSPITALITY: Aug.11 Plan Confirmation Hearing Set

[*] Covid-19 Related Closures in Sacramento Rise Up
[*] Feds Unveil Simplified Application For PPP Loan Forgiveness
[*] Less-Known Tools for Struggling Small Firms
[*] Retailers Mulling Bankruptcy Should Check CARES Act, Rulings
[^] BOND PRICING: For the Week from July 20 to 24, 2020


                            *********

1465V DONHILL: Hires Resnik Hayes as Bankruptcy Counsel
-------------------------------------------------------
1465V Donhill Drive seeks authority from the U.S. Bankruptcy Court
for the Central District of California to hire Resnik Hayes Moradi,
LLP as its legal counsel.

The firm will provide the following services:

     a. advise Debtor regarding compliance with the requirements of
the U.S. Trustee;

     b. advise Debtor regarding matters of bankruptcy law;

     c. advise Debtor regarding cash collateral matters;

     d. conduct examinations of witnesses, claimants or adverse
parties and assist in the preparation of legal papers;

     e. advise Debtor concerning the requirements of the Bankruptcy
Code and applicable rules;

     f. assist Debtor in the negotiation, formulation, confirmation
and implementation of a Chapter 11 plan of reorganization; and

     g. appear in the bankruptcy court.

The firm's attorneys and paralegals will be paid at hourly rates as
follows:

     Partners                 $425 to $525
     Associates               $200 to $350
     Paralegals               $135

Debtor paid the firm a retainer in the amount of $11,717.

Matthew Resnik, Esq., a partner at Resnik Hayes, disclosed in court
filings that the firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

Resnik Hayes can be reached at:

     Matthew D. Resnik, Esq.
     Roksana D. Moradi-Brovia, Esq.
     Resnik Hayes Moradi, LLP
     17609 Ventura Blvd., Suite 314
     Encino, CA 91316
     Tel: (818) 285-0100
     Fax: (818) 855-7013
     Email: matt@RHMFirm.com
            roksana@RHMFirm.com

                     About 1465V Donhill Drive

1465V Donhill Drive LLC is a single asset real estate (as defined
in 11 U.S.C. Section 101(51B)).  Its principal assets are located
at 1465 Donhill Drive, Beverly Hills, Calif.

1465V Donhill Drive filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No.
20-11138) on June 29, 2020.  In the petition signed by Chandu
Vanjani, managing member, Debtor disclosed $10 million to $50
million in assets and $1 million to $10 million in liabilities.
Jonathan M. Hayes, Esq., at Resnik Hayes Moradi, LLP, represents
Debtor as legal counsel.


152 BROADWAY: Secured Creditor Objects to Disclosure Statement
--------------------------------------------------------------
Tree Top Heights LLC, a secured creditor, submitted a limited
objection for the entry of an order approving 152 Broadway
Haverstraw NY LLC's Disclosure Statement.

The Secured Creditor opposes the Disclosure Statement to the extent
that it fails to identify Secured Creditor as the current holder of
a commercial loan previously held by Sterling National Bank. The
Disclosure Statement and Plan should be amended to identify the
Secured Creditor as the holder of the subject loan and/or claimant,
which is in first lien position on the property located at 152
Broadway, Haverstraw, New York 10927.

Attorneys for Tree Top Heights LLC:

     Jerold C. Feuerstein, Esq.
     Stuart L. Kossar, Esq.
     KRISS & FEUERSTEIN LLP
     360 Lexington Avenue, Suite 1200
     New York, New York 10017
     Tel: (212) 661-2900
     Fax: (212) 661-9397
     E-mail: jfeuerstein@kandfllp.com
             skossar@kandfllp.com

               About 152 Broadway Haverstraw NY

152 Broadway Haverstraw NY LLC is the fee simple owner of warehouse
and office buildings at 152 Broadway, Haverstraw, N.Y.  The
properties have an appraised value of $11 million.

152 Broadway Haverstraw NY sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 19-22834) on April
19, 2019.  At the time of the filing, the Debtor disclosed
$11,000,269 in assets and $27,892,967 in liabilities.  The case is
assigned to Judge Robert D. Drain.  Backenroth Frankel & Krinsky,
LLP is the Debtor's legal counsel.


24 HOUR FITNESS: Closes 1 of 3 Locations in Colorado Springs
------------------------------------------------------------
The 24 Hour Fitness chain filed for Chapter 11 bankruptcy
protection and announced it would close more than 130 of its
locations around the country, including one at 7720 N. Academy
Blvd. in Colorado Springs in Colorado.

The North Academy fitness center, which occupied nearly 44,000
square feet in the Chapel Hills shopping center, is one of the
chain's three locations in the Springs.

The others, at 1892 Southgate Road in the Broadmoor Towne Center
and 3650 Austin Bluffs Parkway in the Marketplace at Austin Bluffs,
will reopen July 7, 2020 the 24 Hour Fitness website shows.

The 24 Hour Fitness centers in Colorado Springs and statewide had
closed in March after Gov. Jared Polis issued stay-at-home orders
to combat the spread of the coronavirus; gyms, restaurants and bars
were among nonessential businesses that were affected.

The state now has authorized the reopening of gyms, fitness and
recreation centers and other indoor sports facilities, but has
limited them to operating at a maximum 25% capacity or 50 people
per room — whichever number is smaller. Their members also must
observe social distancing rules, among other state public health
guidelines.

In a statement Monday, the California-based 24 Hour Fitness cited
the financial fallout of the COVID-19 pandemic for its bankruptcy,
although some national news media stories said the chain had been
in financial trouble before stay-at-home orders were issued by most
states.

                       About 24 Hour Fitness

24 Hour Fitness Worldwide, Inc., owns and operates fitness centers
in the United States.  As of March 31, 2017, the company operated
426 clubs serving approximately 3.6 million members across 13
states and 23 markets, predominantly in California, Texas and
Colorado.  For the 12 months ended March 31, 2017, the company
generated total revenue of about $1.4 billion. In May 2014, 24 Hour
Fitness was acquired by affiliates of AEA Investors LP, Fitness
Capital Partners and Ontario Teachers' Pension Plan for a total
purchase price of approximately $1.8 billion.

24 Hour Fitness Worldwide and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 20-11558) on June 15,
2020.  24 Hour Fitness was estimated to have $1 billion to $10
billion in assets and liabilities as of the bankruptcy filing.

The Hon. Karen B. Owens is the case judge.

The Debtors tapped Weil, Gotshal & Manges, LLP as lead bankruptcy
counsel; Pachulski Stang Ziehl & Jones, LLP as local counsel; FTI
Consulting, Inc. as financial advisor; Lazard Freres & Co. LLC as
investment banker; and Prime Clerk, LLC as claims agent.


2812 OCEAN: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: 2812 Ocean Blvd. LLC, a Texas limited liability company
        2812 Ocean Boulevard
        Corona Del Mar, CA 92625

Chapter 11 Petition Date: July 23, 2020

Court: United States Bankruptcy Court
       Central District of California

Case No.: 20-12061

Judge: Hon. Theodor Albert

Debtor's Counsel: Christopher J. Langley, Esq.
                  LAW OFFICES OF LANGLEY & CHANG
                  4158 14th St.
                  Riverside, CA 92501
                  Tel: 951-383-3388
                  Email: chris@langleylegal.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Stephen Perkins, managing member.

The Debtor stated it has no unsecured creditors.

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

                      https://is.gd/hqk7eM


444 EAST 13: Tenants Say Plan Patently Unconfirmable
----------------------------------------------------
Adolfo Bello, Efren Patricia Ramirez, Vicente Bello Reyes,
Francisco Ibarra, Elena Bravo, Miguel Contreras, Hilda Gonzalez,
and Rosa Lopez (collectively, the "Tenants"), submitted an
objection to the Amended Disclosure Statement for the Amended Plan
of Liquidation of 444 East 13 LLC.

The Tenants assert that the Amended Disclosure Statement does not
meet the standards of Section 1125(b) of the Bankruptcy Code.

The Tenants point out that the Amended Plan must fully incorporate
the terms of the Stipulation, expressly assume the Leases, and
provide for assignment of the Leases to the purchaser in the Sale.

Tenants complain that the Amended Disclosure Statement does not
permit informed judgment about the Amended Plan’s protection of
the Stipulation and, therefore, does not contain adequate
information and should not be approved.

According to The Tenants, the Amended Disclosure Statement should
not be approved because the Amended Plan is patently
unconfirmable.

The Tenants assert that the Amended Plan is fatally flawed because
it does not meet the good-faith requirement for plan confirmation
under section 1129(a)(3) of the Bankruptcy Code.

Co-Counsel to the Tenants:

     Michael Leonard, Esq.
     TAKE ROOT JUSTICE
     123 William Street, 16th Floor
     New York, New York 10038
     Telephone: 212-810-6744
     Facsimile: 212-619-0653

     Rachel Ehrlich Albanese, Esq.
     Jamila Justine Willis, Esq.
     DLA PIPER LLP (US)
     1251 Avenue of the Americas, 27th Floor
     New York, New York 10020
     Telephone: 212-335-4500
     Facsimile: 212-335-4501

                     About 444 East 13 LLC

444 East 13 LLC owns and operates a residential apartment building
located at 444 East 13th Street in the east village neighborhood of
Manhattan, New York. The property is valued at $11 million.

E. 9th St. Holdings owns and operates a residential apartment
building located at 332 East 9th Street in the east village
neighborhood of Manhattan, New York, valued at $8.82 million.

Meanwhile, E. 10th St. Holdings owns and operates a residential
apartment building located at 251 East 10th Street in the east
village neighborhood of Manhattan, New York, which is valued at
$7.5 million.

The properties are encumbered by mortgages to 444 Lender LLC and E.
Village Lender LLC (assigned to Metropolitan Commercial Bank).

E. 9th St. Holdings, E. 10th St. Holdings and 444 East sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Case Nos. 17-23141 to 17-23143) on July 21, 2017. David Goldwasser,
authorized signatory of GC Realty Advisors LLC, manager signed the
petitions.

At the time of the filing, E. 9th St. Holdings disclosed $8,850,000
in total assets and $6,020,000 in total liabilities.  E. 10th St.
Holdings listed $7,590,000 in total assets and $3,980,000 in total
liabilities.  444 East 13 LLC disclosed $11,030,000 in total assets
and $8,980,000 in total debt.

Judge Robert D. Drain presides over the cases.

Robinson Brog Leinwand Greene Genovese & Gluck, P.C., is the
Debtors' bankruptcy counsel.  Sheldon Lobel PC, is the special
zoning counsel.

On Nov. 17, 2017, E. 9th St. filed its proposed Chapter 11 plan of
liquidation and disclosure statement.


AAC HOLDINGS: Files for Bankruptcy Protection
---------------------------------------------
Melissa Cheok and Shannon D Harrington, writing for Bloomberg,
reports that AAC Holdings Inc., the publicly traded parent of
American Addiction Centers, filed for Chapter 11 bankruptcy
protection.

The Brentwood, Tennessee-based company listed debt of $517.4
million and assets of $449.3 million in its filing in U.S.
Bankruptcy Court in Delaware.  The company said in a statement on
its website that it expects to emerge from bankruptcy in 125 days
after executing on a recapitalization plan that will slash its
debt.

AAC lined up $62.5 million of initial financing that will allow it
to maintain operations during the restructuring, according to a
separate statement. The company, which operates rehab centers in
seven states, has struggled with its debt load, including
borrowings it took on from its acquisition of AdCare in 2018.

The company defaulted on its debt obligations last year and entered
into a forbearance agreement with lenders.

"No layoffs or facility closures are expected as a result of the
recapitalization plan," the company said. Treatment operations will
remain unaffected and the centers will continue to provide patient
care, the company said. All employees will continue to receive
normal wages and benefits.

AAC operates rehab facilities in California, Florida, Texas,
Nevada, Mississippi, New Jersey, and Rhode Island, according to its
website.

                       About AAC Holdings

Headquartered in Brentwood, Tennessee, AAC Holdings, Inc. --
http://www.americanaddictioncenters.com/-- is a provider of
inpatient and outpatient substance use treatment services for
individuals with drug addiction, alcohol addiction and co-occurring
mental/behavioral health issues. In connection with its treatment
services, the Company performs clinical diagnostic laboratory
services and provide physician services to its clients.

AAC Holdings reported a net loss of $66.71 million for the year
ended Dec. 31, 2018, compared to a net loss of $17.38 million for
the year ended Dec. 31, 2017.

AAC Holdings and its affiliates sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 20-11648) on
June 20, 2020.  The Debtors disclosed $449.3 million in assets and
$517.4 million in liabilities as of Feb. 29, 2020.  

Judge John T. Dorsey oversees the cases.  

The Debtors tapped Greenberg Traurig, LLP as bankruptcy counsel;
Chipman Brown Cicero & Cole, LLP as conflicts counsel; and Cantor
Fitzgerald as investment banker.  Donlin, Recano & Company, Inc.,
is the Debtor's notice, claims and balloting agent and
administrative advisor.


AAC HOLDINGS: Young, Stroock Represent Term Lender Group
--------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firms of Young Conaway Stargatt & Taylor, LLP and Stroock &
Stroock & Lavan LLP submitted a verified statement to disclose that
they are representing the Ad Hoc Group of Term Lenders in the
Chapter 11 cases of AAC Holdings, Inc. et al.

The Ad Hoc Group of Term Lenders of term loans arising under:

   (i) that certain credit agreement, dated as of March 8, 2019, as
amended, supplemented or otherwise modified from time to time, by
and among AAC Holdings Inc., as borrower, the guarantors party
thereto, the lenders party thereto and Ankura Trust Company, LLC,
in its capacity as administrative agent and collateral agent;

  (ii) that certain credit agreement, dated as of June 30, 2017, as
amended, supplemented or otherwise modified from time to time, by
and among AAC, as borrower, the guarantors party thereto, the
lenders party thereto and Ankura in its capacity as administrative
agent and collateral agent; and

(iii) that certain Superpriority Senior Secured
Debtor-In-Possession Credit Facility, dated as of June 25, 2020, as
amended, supplemented, restated or otherwise modified from time to
time, by and among AAC, as borrower, each of the other Debtors, as
guarantors, Ankura, as administrative agent and collateral agent,
and the lenders party thereto, by and through their undersigned
counsel, hereby submit this verified statement, and in support
thereof state and represent to the Court as follows:

On July 16, 2019, the Ad Hoc Group of Term Lenders retained Stroock
& Stroock & Lavan LLPas counsel in connection with certain matters
relating to the Prepetition Loan Facilities. The Ad Hoc Group of
Term Lenders subsequently retained Young Conaway Stargatt & Taylor
LLP as Delaware counsel when informed that the Debtors would pursue
a reorganization in the United States Bankruptcy Court for the
District of Delaware. Since its formation, certain additional
lender parties joined the Ad Hoc Group of Term Lenders.

Stroock and YCST represent only the members of the Ad Hoc Group of
Term Lenders and do not represent or purport to represent any
persons or entities other than the Ad Hoc Group of Term Lenders in
connection with the above- captioned chapter 11 cases. In addition,
as of the date of this Verified Statement, the Ad Hoc Group of Term
Lenders, both collectively and through its individual members, does
not represent or purport to represent any other entities in
connection with the Chapter 11 Cases.

As of July 14, 2020, members of the Ad Hoc Group of Term Lenders
and their disclosable economic interests are:

Brightwood Capital Advisors
810 7th Ave., 26th Floor
New York, NY 10019

* Prepetition Priming Facility: $13,517,826.91
* Prepetition Syndicated Facility (Junior): $62,589,292.44
* DIP Initial Loans: $8,883,786.46
* DIP Delayed Draw Commitment: $12,890,199.97

Capital Southwest Corporation
5400 Lyndon B. Johnson
Freeway Lincoln Center Tower 1, Suite 1300

* Prepetition Priming Facility: $3,565,769.35
* Prepetition Syndicated Facility (Junior): $16,509,974.79
* DIP Initial Loans: $2,133,384.02
* DIP Delayed Draw Commitment: $3,095,498.38

CQS, LLC
152 W 57th St 40th Floor
New York, NY 10019

* Prepetition Priming Facility: $7,583,618.93
* Prepetition Syndicated Facility (Junior): $35,113,139.47
* DIP Initial Loans: $4,983,881.77
* DIP Delayed Draw Commitment: $7,231,514.73

HG Vora Capital Management, LLC
330 Madison Ave.
New York, NY 10017

* Prepetition Priming Facility: $11,013,554.42
* Prepetition Syndicated Facility (Junior): $50,994,186.00
* DIP Initial Loans: $7,238,002.55
* DIP Delayed Draw Commitment: $10,502,199.78

Main Street Capital Corporation
300 Post Oak Blvd, 8th Floor
Houston, TX 77056

* Prepetition Priming Facility: $6,241,538.64
* Prepetition Syndicated Facility (Junior): $28,899,133.66
* DIP Initial Loans: $2,260,945.20
* DIP Delayed Draw Commitment: $3,280,587.14

The Ad Hoc Group of Term Lenders, through its undersigned counsel,
reserves the right to amend and/or supplement this Verified
Statement in accordance with the requirements set forth in
Bankruptcy Rule 2019 at any time in the future.

Counsel to the Ad Hoc Group of Term Lenders can be reached at:

          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          Matthew B. Lunn, Esq.
          Robert F. Poppiti, Jr., Esq.
          1000 North King Street
          Wilmington, DE 19801
          Telephone: (302) 571-6600
          Facsimile: (302) 571-1253
          Email: mlunn@ycst.com
                 rpoppiti@ycst.com

             - and -

          STROOCK & STROOCK & LAVAN LLP
          Sayan Bhattacharyya, Esq.
          Daniel A. Fliman, Esq.
          Matthew G. Garofalo, Esq.
          Emily L. Kuznick, Esq.
          180 Maiden Lane
          New York, NY 10038-4982
          Telephone: (212) 806-5400
          Facsimile: (212) 806-6006
          Email: sbhattacharyya@stroock.com
                 dfliman@stroock.com
                 mgarofalo@stroock.com
                 ekuznick@stroock.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/UPWAsb and https://is.gd/O7uAHq

                    About AAC Holdings

AAC Holdings, Inc. and its affiliates provide inpatient and
outpatient substance use treatment services for individuals with
drug addiction, alcohol addiction and co-occurring mental or
behavioral health issues.  They also provide clinical diagnostic
laboratory services and provide physician services to clients.

AAC Holdings and its affiliates sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 20-11648) on
June 20, 2020.  The Debtors disclosed $449.35 million in assets and
$517.40 million in liabilities as of Feb. 29, 2020.  

Judge John T. Dorsey oversees the cases.  

The Debtors tapped Greenberg Traurig, LLP as bankruptcy counsel;
Chipman Brown Cicero & Cole, LLP as conflicts counsel; and Cantor
Fitzgerald as investment banker.  Donlin, Recano & Company, Inc.,
is the Debtors' notice, claims and balloting agent and
administrative advisor.


ALDRICH PUM: Trane Units in Chapter 11 to Handle Asbestos Claims
----------------------------------------------------------------
Alex Wolf of Law360 reports that Trane Technologies PLC placed its
two newly formed business units into bankruptcy to handle the
legacy asbestos liabilities and free the industrial manufacturer
from facing exposure-related lawsuits going forward.

Aldrich Pump LLC and Murray Boiler LLC filed petitions for Chapter
11 relief with the U.S. Bankruptcy Court for the Western District
of North Carolina, with the ultimate aim of establishing a trust
for channeling asbestos-related personal injury claims.

Similar to the Chapter 11 cases for Bestwall LLC or Kaiser Gypsum
Company Inc., the Trane units seek a channeling injunction to
address ongoing litigation, saying they pay nearly $100 million
annually in settlement and defense costs. On average, the companies
resolve 900 lawsuits a year alleging that their asbestos-containing
products caused mesothelioma, Aldrich and Murray said in court
papers.

The companies lamented a nationwide "sue and settle" system of
asbestos litigation in which multiple manufacturers are named in
exposure cases.

"The debtors' goal in these chapter 11 cases is to provide current
and future claimants with a simpler, more streamlined process to
get funds to legitimate claimants in a timely manner," they said.

Aldrich and Murray were formed as part of a May corporate
restructuring, in which the debtors took on legacy liabilities
previously held by Trane and merged entity Ingersoll-Rand Co.

The predecessors historically manufactured or sold pumps,
compressors, and HVAC equipment that "in some instances,
incorporated certain asbestos-containing components manufactured
and designed by third parties," according to court papers.

Upon their creation, Aldrich and Murray were allocated about $42
million in cash and equity in non-bankrupt Trane subsidiaries worth
an estimated $50 to $57 million, Chief Restructuring Officer Ray
Pittard said in a court filing. The debtors also hold about $1.7
billion in personal injury insurance coverage, he said.

The companies were scheduled to appear in front of the bankruptcy
court June 22, requesting an order enjoining all asbestos-related
suits against any other Trane entities.

                        About Aldrich Pump

Aldrich Pump LLC and Murray Boiler LLC are subsidiaries of Trane
Technologies, a publicly traded company.  Trane Technologies is a
global climate innovator that brings efficient and sustainable
climate solutions to buildings, homes, and transportation.  The
North American headquarters of Trane Technologies, as well as the
Debtors, are located in Davidson, North Carolina.

Aldrich Pump and Murray Boiler sought Chapter 11 protection
(Bankr.
W.D.N.C. Lead Case No. 20-30608) on June 18, 2020.  The Hon. Craig
J. Whitley oversees the case.

In the petition signed by Allan Tananbaum, chief legal officer,
the
Debtor was estimated to have $100 million to $500 million in both
assets and liabilities.

The Debtors tapped Rayburn Cooper & Durham, P.A. and Jones Day as
legal counsel; Bates White, LLC, Evert Weathersby Houff, and K&L
Gates, LLP as special counsel; AlixPartners, LLP as financial
advisor; and Kurtzman Carson Consultants, LLC as claims and
noticing agent.


AMADUES DEVELOPMENT: Trustee's $450K Sale of Potomac Property OK'd
------------------------------------------------------------------
Judge Thomas J. Catliota of the U.S. Bankruptcy Court for the
District of Maryland authorized Cheryl E. Rose, Chapter 11 Trustee
of Amadues Development, LLC, to sell the real property located at
13211 Query Mill Road, Potomac, Maryland to Mohammad Omid Farhad
for $450,000, cash, pursuant to their GCAAR Sales Contract dated
Feb. 24, 2020, free and clear of liens, claims, and encumbrances.

A hearing on the Motion was held on July 20, 2020.

The Trustee is authorized to pay from the proceeds of closing on
the Property, the sum of $132,500 to Xianghong Qi for the release
of her lien with respect to her claim through June 10, 2020, and
that such claim of $132,500 will bear interest at the rate of 6%
per annum after June 10, 2020 until Closing; and furthermore, if
closing on the Property has not occurred on Sept. 1, 2020, the
Trustee is authorized to pay to Ms. Qi a late fee of $50 for the
months of July, August and September (on July, Aug. 1, 2020, and
Sept. 1, 2020, respectively); but Ms. Qi is entitled to no
additional charges (other than interest at 6%) including, without
limitation, attorney's fees, late fees and a default rate of
interest under the promissory note and Deed of Trust of Ms. Qi.

The Trustee is authorized to place into escrow with Village
Settlements, Inc., in a form acceptable to the Trustee, but
substantially similar to the form contained in the draft escrow
agreement (Exhibit A), $45,000 of proceeds from the sale of the
Property to remediate the alleged violation of the Easement for
unplanted trees and to address any cloud on title and/or potential
claims related to the Easement, which funds may be released at
closing to Montgomery County, Maryland.

Time is of the essence with respect to the closing of the sale of
the Property; and that the Trustee and the Purchaser will take all
necessary and reasonable steps to expedite closing on the Property
so that it occurs on Sept. 15, 2020.

The Trustee is authorized to pay all customary costs of closing,
including the Commission.

The net proceeds of sale will be used first to satisfy Qi's first
deed of trust on the Property as set forth.

The remaining balance of the net proceeds of sale, will be paid to
the tax sale certificate holder, and any and all valid and
perfected liens on the Property will attach to the proceeds of such
Property immediately upon receipt of such proceeds by the Trustee
(or any party acting on the Trustee's behalf) in order of priority,
and with the same validity, force, and effect which they now have
against such Property, subject to any rights, claims and defenses
the Debtor, the Trustee and/or the Estate possess with respect
thereto, in addition to any limitations on the use of such proceeds
pursuant to any provision of the Order.

Notwithstanding the provisions of Bankruptcy Rule 6004 and
Bankruptcy Rule 6006 or any applicable provisions of the Local
Rules, the Sale Order will not be stayed for 14 days after its
entry, but will be effective and enforceable immediately upon
entry.  Time is of the essence in approving the sale transaction,
and the Trustee and the Purchaser intend to close the sale
transaction as soon as practicable.

A copy of the Agreement is available at
https://tinyurl.com/y2v86ywx from pacerMonitor.com free of charge.

                  About Amadues Development

Amadues Development LLC is a privately held company in the
residential building construction business.  Amadues Development
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Md. Case No. 19-19515) on July 15, 2019.  At the time of the
filing, the Debtor disclosed $2,094,200 in assets and $1,456,864 in
liabilities.  The case is assigned to Judge Thomas J. Catliota.
McNamee, Hosea, Jernigan, Kim, Greenan & Lynch, P.A., is the
Debtor's legal counsel.



AMERICAN EDUCATION: Has $1.3-Mil. Net Loss for 2019
---------------------------------------------------
American Education Center Inc. filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K, disclosing a
net loss (attributable to American Education Center) of $1,265,180
on $5,308,412 of revenues for the year ended Dec. 31, 2019,
compared to a net loss (attributable to American Education Center)
of $6,688,452 on $7,012,439 of revenues for the year ended in
2018.

The audit report of JLKZ CPA LLP states that the Company had
incurred substantial losses during the year, which raises
substantial doubt about its ability to continue as a going
concern.

The Company's balance sheet at Dec. 31, 2019, showed total assets
of $7,433,868, total liabilities of $6,215,375, and a total
stockholders' equity of $1,218,493.

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

                       https://is.gd/uAR1dJ

American Education Center Inc., through its subsidiaries, provides
education consulting services in the People's Republic of China.
It operated in two segments, AEC New York and AEC Southern UK.  The
Company was founded in 1999 and is headquartered in New York, New
York.



AMERICORE HOLDINGS: St. Alexius Gets $16.5M Virus Relief Funds
--------------------------------------------------------------
The St. Louis Business Journal reports that St. Alexius Hospital
revealed in court filings that it received $16.5 million in virus
relief funds.  The distribution is from the federal CARES Act, part
of $240 million that went to Missouri "safety net" hospitals, or
those that provide care to individuals regardless of their ability
to pay.

The overall program, Provider Relief Fund, was allocated $175
billion to distribute nationwide.

In addition, St. Alexius, a 190-bed facility located in south St.
Louis, received $5.1 million in Paycheck Protection Program
funding, also from the CARES Act.

The money infusion comes as the facility seeks a sale in bankruptcy
court.

Its parent, Americore, in December filed Chapter 11.  A bankruptcy
court judge in February removed Grant White as CEO of Americore and
later appointed Carol Fox to oversee operations as trustee.

A Florida hedge fund, which is a primary Americore creditor,
offered a plan to take over the company, saying it would make a
credit bid for its assets.

The trustee has been in discussions with numerous prospective
buyers for St. Alexius and two other Americore facilities, in
Pennsylvania and Arkansas. Twenty-two have signed nondisclosure
agreements, Fox said.  She said two are interested in formulating a
stalking-horse bid, or an initial offer for a bankrupt company's
assets.

Also, the receipt of the provider relief funds "created a material
change that required additional evaluation by (Fox) and her team
prior to the selection of a stalking horse bid," her filing said.

In other updates at the hospital, according to the filing:

The number of full- and part-time employees at the hospital has
been reduced by more than 50, or $140,000 per bi-weekly payroll
period. The furloughs of "underutilized employees" are effective
through June 30.

Fox hired billing firm McBee and Associates, which has collected
$2.4 million in underpaid and denied claims bills.

Fox in May also hired St. Alexius' former controller to assist with
the preparation of 2019 financial statements and Medicare and
Medicaid cost reports. This was necessary because of the "failure
to maintain St. Alexius's accounting records since the March 2019
purchase (by Americore) from Promise Healthcare," the filing said.

                   About St. Alexius Hospital

St. Alexius Hospital is a hospital & health care company based out
of 3535 S Jefferson Ave # 107, St Louis, Missouri. It is a general
medical/surgical hospital that also offers psychiatric care. St.
Alexius partners with both St. Louis University and Sisters of
Saint Mary in a physician residency program. St. Alexius' bariatric
program, NewStart, is one of the largest in the Midwest. Our
Lutheran School of Nursing has been educating nurses for over 110
years. St. Alexius outreaches to patients with three medical office
buildings at Lemay Ferry, Hampton and on the Jefferson Campus.

                   About Americore Holdings

Americore Holdings, LLC and its affiliates, including Americore
Health LLC, own and operate the Ellwood City Medical Center in
Pennsylvania, Southeastern Kentucky Medical Center (formerly
Pineville Community Hospital), Izard County Medical Center in
Arkansas; and St. Alexius Hospital in St. Louis.

Americore Holdings and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Ky. Case No.
19-61608) on Dec. 31, 2019.  At the time of the filing, the Debtor
had estimated assets of less than $50,000 and liabilities of less
than $50,000.  Judge Gregory R. Schaaf oversees the case.  Bingham
Greenebaum Doll, LLP, is the Debtor's legal counsel.

Carol A. Fox was appointed as the Debtors' Chapter 11 trustee.
The
trustee is represented by Baker & Hostetler LLP.  B. Riley, FRB,
Inc. is the investment banker.


ANDES INDUSTRIES: US Trustee Objects to Disclosure Statement
------------------------------------------------------------
The United States Trustee for the District of Arizona, Region 14
("UST"), objects to the proposed Joint Disclosure Statement filed
by Andes Industries, Inc., and PCT International, Inc.

The U.S. Trustee points out that the disclosure statement does not
provide a justification for potentially releasing from liability
the Debtors, its respective member, officers, directors, attorneys,
accountant or agents for fraud or gross negligence.

                      About Andes Industries
                       and PCT International

Creditors EZconn Corporation, Crestwood Capital Corporation, and
Devon Investment Inc. filed involuntary bankruptcy petitions
against Andes Industries, Inc. and PCT International, Inc. under
Chapter 7 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the District of Arizona.  

On Dec. 4, 2019, the Chapter 7 cases were converted to cases under
Chapter 11 (Bankr. D. Ariz. Lead Case No. 19-14585).

Judge Paul Sala oversees the cases.  

Sacks Tierney P.A. is the Debtors' legal counsel.


APOLLO ENDOSURGERY: Enters Into a $25M Equity Financing Agreement
-----------------------------------------------------------------
Apollo Endosurgery, Inc., has entered into definitive agreements
for a $25 million equity financing.  Concurrently, Apollo entered
into an amendment to its Loan and Security Agreement, dated March
2019, with Solar Capital Ltd., to modify certain covenant terms. In
addition, Apollo provided a preliminary second quarter business
update.

"This equity financing will provide the capital to accelerate our
business recovery from the COVID-19 market disruption and fund the
future launch of our new X-Tack product in early 2021.  It is a
testament as well to the support and belief of our current
shareholders in the tremendous growth opportunities for our
innovative products," stated Todd Newton, Apollo's chief executive
officer.  "In the second quarter, we expect to report revenue of
approximately $5.6 million which is better than initially expected
when the COVID-19 pandemic began.  Following a significant slowdown
in April, sales have steadily improved since early May.  This
positive trend is particularly visible in the United States where
our June 2020 endoscopy product sales were close to 90% of our June
2019 product sales level.  Recovery trends have been directionally
similar in our direct markets outside the United States, though at
a slower recovery rate."

Stefanie Cavanaugh, Apollo's chief financial officer, said, "The
credit agreement amendment that we entered concurrently with the
equity financing removes all minimum revenue covenants for the
remainder of 2020 and as a result greatly reduces our COVID-19
near-term market risk.  We ended the quarter with cash and
restricted cash of $19.7 million and in full compliance with our
credit agreement as a result of the Company's previously announced
comprehensive plan to preserve liquidity.  Our goal was to
aggressively manage expenses in order to ensure our second quarter
cash use would be consistent with quarters prior to the pandemic.
We met this goal, while continuing to advance key long-term growth
initiatives such as X-Tack.  Looking forward, we will bring
expenses back carefully to support Apollo's recovery while
continuing to manage our liquidity."

               Equity Financing and Solar Loan Amendment

On July 17, 2020, Apollo entered into definitive agreements to sell
in a private placement shares of the Company's common stock and
pre-funded warrants to purchase shares of the Company's common
stock for gross proceeds of $25 million, before deducting placement
agent and escrow agent fees and expenses.  This round was funded by
existing shareholders and accredited investors, including
institutional investors and affiliates of one of the directors of
Apollo.  Apollo expects to issue the shares and pre-funded warrants
on or about July 22, 2020, subject to the satisfaction of customary
closing conditions.

Apollo will sell 2,480,000 shares of common stock at a purchase
price per share of $1.25 and pre-funded warrants to purchase
17,520,000 shares of common stock at a purchase price per
pre-funded warrant of $1.25, less the per share exercise price of
$0.001 under the pre-funded warrants.  Apollo intends to use the
proceeds from the sale of the shares and the pre-funded warrants
for working capital and general corporate purposes.

Craig-Hallum Capital Group is acting as the exclusive placement
agent in connection with this transaction.

The shares and pre-funded warrants sold in the private placement as
well as the shares underlying the pre-funded warrants have not been
registered under the Securities Act of 1933, as amended, or state
securities laws and may not be offered or sold in the United States
absent registration with the Securities and Exchange Commission
(SEC) or an applicable exemption from such registration
requirements.  Apollo has agreed to file a registration statement
with the SEC registering the resale of the shares of common stock
sold in the private financing and the shares of common stock
underlying the pre-funded warrants.

Concurrently with the private placement, Apollo entered into an
amendment to its Loan and Security Agreement with Solar Capital
Ltd. to waive the trailing six-month Endoscopy revenue requirements
for the remainder of 2020 and decrease the minimum liquidity
requirement from $20 million to $12.5 million.

Preliminary Second Quarter and Recent Business Update

  * Total revenue is expected to be approximately $5.6 million
    for the three months ended June 30, 2020, a decrease of
    approximately 60% compared to the three months ended June 30,
    2019.

  * Cash, restricted cash and cash equivalents at June 30 were
    $19.7 million.

  * Apollo submitted a 510k to the U.S. Food and Drug
    Administration for the X-Tack Endoscopic HeliX Tacking System
    designed for closing defects in the lower gastrointestinal
    tract with additional applications in the upper
    gastrointestinal tract.

  * The journal Clinical Gastroenterology and Hepatology
    published the results of a Mayo Clinic study regarding the
    use of Orbera for the treatment of NASH reporting 65% of
    patients achieved resolution of NASH and improvement in
    several additional endpoints.

  * Apollo secured approvals or clearances to market one or more
    of its Endoscopy products in seven countries.  The Company's
    products will be sold by either new or existing third-party
    distributors in these markets.

  * The Company continued to deliver medical education through
    virtual platforms, including an international webinar
    attended by more than 300 participants on the benefits of
    endolumenal suturing as part of core GI procedures and a
    webinar attended by almost 500 participants to discuss
    endolumenal bariatric suturing applications.

                      About Apollo Endosurgery

Apollo Endosurgery, Inc. -- http://www.apolloendo.com/-- is a
medical technology company focused on less invasive therapies to
treat various gastrointestinal conditions, ranging from
gastrointestinal complications to the treatment of obesity.
Apollo's device-based therapies are an alternative to invasive
surgical procedures, thus lowering complication rates and reducing
total healthcare costs.  Apollo's products are offered in over 75
countrie and include the OverStitch Endoscopic Suturing System, the
OverStitch Sx Endoscopic Suturing System, and the ORBERA
Intragastric Balloon.

Apollo Endosurgery incurred a net loss of $27.43 million in 2019
compared to a net loss of $45.78 million in 2018.  As of March 31,
2020, the Company had $66.69 million in total assets, $72.15
million in total liabilities, and a total stockholders' deficit of
$5.45 million.

KPMG LLP, in Austin, Texas, the Company's auditor since 2014,
issued a "going concern" qualification in its report dated March
26, 2020 citing that the Company has suffered recurring losses from
operations, cash flow deficits and debt covenant violations and has
an accumulated deficit that raise substantial doubt about its
ability to continue as a going concern.


ASCENA RETAIL: Case Summary & 50 Largest Unsecured Creditors
------------------------------------------------------------
Lead Debtor: Ascena Retail Group, Inc.
             933 MacArthur Boulevard
             Mahwah NJ 07430

Business Description:     Ascena Retail Group, Inc. --
                          https://www.ascenaretail.com -- is a
                          national specialty retailer offering
                          apparel, shoes, and accessories for
                          women under the Premium Fashion segment
                         (Ann Taylor, LOFT, and Lou & Grey), Plus
                          Fashion segment (Lane Bryant,
                          Catherines, and Cacique) and for tween
                          girls under the Kids Fashion Segment
                         (Justice).  Ascena Retail Group, Inc.
                          through its retail brands operates
                          e-commerce websites and approximately
                          2,800 stores throughout the United
                          States, Canada, and Puerto Rico.

Chapter 11 Petition Date: July 23, 2020

Court:                    United States Bankruptcy Court
                          Eastern District of Virginia

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

     Debtor                                          Case No.
     ------                                          --------
     Ascena Retail Group, Inc. (Lead Debtor)         20-33113
     933 Inspiration LLC                             20-33117
     Ann Card Services, Inc.                         20-33120
     Ann, Inc.                                       20-33122
     AnnCo, Inc.                                     20-33125
     AnnTaylor Distribution Services, Inc.           20-33126
     AnnTaylor of Puerto Rico, Inc.                  20-33130
     AnnTaylor Retail, Inc.                          20-33132
     AnnTaylor, Inc.                                 20-33134
     Ascena Retail Holdings, Inc.                    20-33136
     Ascena Trade Services, LLC                      20-33140
     ASNA Plus Fashion, Inc.                         20-33141
     ASNA Value Fashion LLC                          20-33142
     Backingbrands Buying Agent, LLC                 20-33143
     Backingbrands Solutions, LLC                    20-33146
     C.S.F. Corp.                                    20-33147
     Catalog Receivables LLC                         20-33148
     Catalog Seller LLC                              20-33149
     Catherines #5124, Inc.                          20-33151
     Catherines #5147, Inc.                          20-33153
     Catherines Stores Corporation                   20-33155
     Catherines, Inc.                                20-33158
     CCTM, Inc.                                      20-33160
     Charming Sales Co. Four, Inc.                   20-33162
     Charming Sales Co. One, Inc.                    20-33164
     Charming Sales Co. Three, Inc.                  20-33166
     Charming Sales Co. Two, Inc.                    20-33173
     Charming Shoppes of Delaware, Inc.              20-33174
     Charming Shoppes Receivables Corp.              20-33175
     Charming Shoppes Seller, Inc.                   20-33176
     Charming Shoppes Street, Inc.                   20-33114
     Charming Shoppes, Inc.                          20-33115
     Chestnut Acquisition Sub Inc.                   20-33116
     Crosstown Traders, Inc.                         20-33118
     CS Holdco II Inc.                               20-33119
     CSGC, Inc.                                      20-33121
     CSI Industries, Inc.                            20-33123
     CSPE, LLC                                       20-33124
     DBCM Holdings, LLC                              20-33112
     DBI Holdings, Inc.                              20-33127
     DBX, Inc.                                       20-33128
     Duluth Real Estate LLC                          20-33129
     Etna Retail DC, LLC                             20-33131
     Fashion Apparel Sourcing LLC                    20-33133
     Fashion Service Fulfillment Corporation         20-33135
     Fashion Service LLC                             20-33137
     GC Fulfillment, LLC                             20-33139
     Lane Bryant #6243, Inc.                         20-33144
     Lane Bryant of Pennsylvania, Inc.               20-33145
     Lane Bryant Outlet 4106, Inc.                   20-33150
     Lane Bryant Purchasing Corp.                    20-33152
     Lane Bryant, Inc.                               20-33154
     PSTM, Inc.                                      20-33156
     Sonsi, Inc.                                     20-33157
     Spirit of America, Inc.                         20-33159
     Too GC, LLC                                     20-33161
     Tween Brands Agency, Inc.                       20-33163
     Tween Brands Direct Services Inc.               20-33165
     Tween Brands Investment, LLC                    20-33167
     Tween Brands Marketing, Inc.                    20-33168
     Tween Brands Service Co.                        20-33169
     Tween Brands, Inc.                              20-33170
     Winks Lane, Inc.                                20-33171
     Worldwide Retail Holdings, Inc.                 20-33172

Judge:                    Hon. Kevin R. Huennekens

Debtors'
General
Bankruptcy
Counsel:                  Edward O. Sassower, P.C.
                          Steven N. Serajeddini, P.C.
                          KIRKLAND & ELLIS LLP
                          KIRKLAND & ELLIS INTERNATIONAL LLP
                          601 Lexington Avenue
                          New York, New York 10022
                          Tel: (212) 446-4800
                          Fax: (212) 446-4900
                          Email: edward.sassower@kirkland.com
                                 steven.serajeddini@kirkland.com

                            - and -

                          John R. Luze, Esq.
                          KIRKLAND & ELLIS LLP
                          KIRKLAND & ELLIS INTERNATIONAL LLP
                          300 North LaSalle
                          Chicago, Illinois 60654
                          Tel: (312) 862-2000
                          Fax: (312) 862-2200
                          Email: john.luze@kirkland.com

                            - and -

                          Cullen D. Speckhart, Esq.
                          Olya Antle, Esq.
                          COOLEY LLP
                          1299 Pennsylvania Avenue, NW, Suite 700
                          Washington, DC 20004-2400
                          Tel: (202) 842-7800
                          Fax: (202) 842-7899
                          Email: cspeckhart@cooley.com
                                 oantle@cooley.com

Debtors'
Financial
Advisor:                  GUGGENHEIM SECURITIES, LLC

Debtors'
Restructuring
Advisor:                  ALVAREZ AND MARSAL NORTH AMERICA, LLC

Debtors'
Claims &
Noticing
Agent:                    PRIME CLERK LLC
                          https://cases.primeclerk.com/ascena

Total Assets as of February 1, 2020: $13,690,710,379

Total Debts as of February 1, 2020: $12,516,261,149

The petitions were signed by Carrie W. Teffner, director.

A copy of Ascena Retail's petition is available for free at
PacerMonitor.com at:

                   https://is.gd/WPCWWr

Consolidated List of Debtors' 50 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Simon Property Group             Trade Payable      $31,664,060
Attn: David Simon
Chief Executive Officer
Simon Property Group, Inc.
225 West Washington Street
Indianapolis, IN 46204
Tel: 317-636-1600

2. Brookfield Properties            Trade Payable      $16,619,835
Attn: Stacie L. Herron
Executive Vice President
General Counsel and Secretary
Brookfield Place New York
250 Vesey Street, 15th Floor
New York, NY 10281
Tel: 212-417-7000
Email: stacie.herron@brookfieldpropertiesretail.com
       lindsay.kahn@brookfieldpropertiesretail.com
       andrew.brent@brookfieldproperties.com

3. Boston Properties Limited        Trade Payable       $8,809,477
Partnership
Attn: Doughlas T. Linde
President
800 Boylston Street at The
Prudential Center
Boston, MA 02199-8103
Tel: 617-236-3300
Fax: 617-536-5087

4. Tanger Properties, LP            Trade Payable       $7,228,481
Attn: Steven B. Tanger
Chief Executive Officer
3200 Northline Avenue Suite 360
Greensboro, NC 27408
Tel: 336-292-3010
Fax: 336-852-2096
Email: sbtanger@tangeroutlet.com

5. Pan Pacific Co Ltd.              Trade Payable       $6,831,314
Attn: Suk-Won Lim
Chief Executive Officer
(08380) 12
Digital-Ro 31-GIL
Guro-Gu
Seoul, Guro-Dong, 197-21
Korea
Tel: +82-2-34494-9000
Fax: +82-2-830-1011  

6. MGF Sourcing                     Trade Payable       $6,726,982
Attn: James Schwartz
Chief Executive Officer
4200 Regent Street
Suite 205
Columbus, OH 43219
TEl: 614-904-3269
Fax: 614-415-7242
Email: james.schwartz@mgfsourcing.com

7. SAE A Trading Co. Ltd.           Trade Payable       $6,347,041
Attn: Woong-Ki Kim, Chairman
SAE-A Bldg.
429 Yeongdong-Daero
Gangnam-Gu
Seoul, Korea
Tel: +82 2 6252 7000
Fax: +82 2 6252 7005

8. Orient Craft                     Trade Payable       $5,309,190
Attn: Sudhir Dhingra
Chief Executive Officer
Plot No. 80P Sector-34
Near Hero Honda Chowk
Gurgaon, 122001
India
Tel: +0124-4511300
Fax: +0124-4511330
Email: sudhir.dhingra@orientcraft.com

9. The Macerich Company             Trade Payable       $5,252,749
Attn: Ann. C. Menard
Senior Executive Vice President
Chief Legal Officer and
Secretary
401 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Tel: 310-394-6000
     424-229-3575
Fax: 310-395-2791
Email: ann.menard@macerich.com

10. HIP Sing                        Trade Payable       $5,075,819
China Industrial Limited
Attn: Ada Lau
Unit B5, 6/F Blk 2, Camelpaint Bldg
62 Hoi Yuen Road
Kwun Tong, Kowloon
Hong Kong
Tel: +852-23905128
Fax: +852-23915128

11. Pt. Eratex (Hong Kong) Ltd.     Trade Payable       $5,026,842
Attn: Mr. Maniwanen, President
Spazio Building 3rd Floor
Unit 319-321
Graha Festival Kav.3-
Graha Family
JL. Mayjend Yono Soewoyo
Surabaya, 60226
Indonesia
Tel: +62-31-99001101
Fax: +62-31-99001115

12. The Taubman Company             Trade Payable       $4,550,301
AttN: Chris Heaphy
Executive Vice President
General Counsel & Secretary
200 E. Long Lake Road, Suite 300
Bloomfield Hills, MI 48304-2324
TEl: 248-258-6800
Email: cheaphy@taubman.com;   
       rhurren@taubman.com;
       mmainville@taubman.com

13. Poongin Trading Co. Ltd.        Trade Payable       $4,507,327
Attn: Paul Park
Chief Executive Officer
18F-20F Ace High Tech City
B/D 2 Dong, Geyongln-RO
Yeongdeungpo-Gu
Seoul, 755
Korea
Tel: +82-2+549-8313
Fax: +82-2-549-8310

14. Tainan Enterprises Co. Ltd.     Trade Payable       $4,402,392
Attn: Ching-Hon Yang, Chairman
5-1 Section 1 Hangzhou South Road
Zhongzheng District
Taipei City, 100 Taiwan
Tel: +886 2 2391 6421
Fax: +886 2 2397 1413

15. CBL & Associates, Inc.          Trade Payable       $4,244,203
Attn: Stephen D. Lebovitz
Chief Executive Officer
CBL Center, Suite 500
2030 Hamilton Place Blvd
Chattanooga, TN 37421
Tel: 432-855-0001

16. Oracle America Inc.             Trade Payable       $4,158,303
Attn: Dorian Daley
General Counsel
Redwood Shores Oracle
Corporation
500 Oracle Parkway
Redwood Shores, CA 94065
Tel: 650-506-7000
Fax: 650-633-1813
Email: dorian.daley@oracle.com

17. Choi & Shin's Co. Ltd.          Trade Payable       $3,973,814
Attn: President or General
Counsel
61 Bukchon-Ro, Jongno-Gu
Seoul, 110260
South Korea
Tel: +82-232947200

18. Crystal Elegance Industrial     Trade Payable       $3,916,508
Limited
Attn: Lam Anthony
Vice President
71 How Ming Street
Kwun Tong, Kowloon,
Hong Kong
Email: info@crystalgroup.com

19. Snogen Green Co., Ltd.          Trade Payable       $3,671,183
Attn: Jungku Hong
Chief Executive Officer
12, Gwangpyeong-Ro 56-GIL
Gangnam-Gu
Seoul, Korea
Tel: +02-3496-6400
Fax: +02-6496-6501

20. Ubase International Inc.        Trade Payable       $3,628,175
Attn: Yong Hoe Kim
Chief Executive Officer
345, Ttukseom-Ro
Seongdong-Gu
Seoul (Seongsu-Dong), 04780
Korea
Tel: +82 2-420-0001
Fax: +82 2-421 8787
Email: contactus@ubaseinternational.com

21. Tex World Pte Ltd.               Trade Payable      $3,506,978
Attn: President or General Counsel
President
610, ATL Corporate Park
Saki Vihar Road, Powai
Mumbai, Maharashtra 400072
India
Tel: +91-22-42293542
Email: info@texworld.co

22. Westfield Corporation, Inc.      Trade Payable      $3,448,669
Attn: Peter Schwartz
General Counsel
2049 Century Park East, 40th Floor
Century City, CA 90067
Tel: 310-478-4456
Fax: 310-478-1267

23. Kyung Seung Co. Ltd.             Trade Payable      $3,255,132
Attn: J.J. Park
Chief Executive Officer
408 Samseoung-Ro
Geyongseung
Building Gangnam-Gu
Seoul
Tel: +82-2-550-1414
Fax: +82-2-566-6867

24. Lakontra International           Trade Payable      $3,031,988
Merchandising Corp
Attn: President or General Counsel
Merchandising Corp No.186 Sec.4
Nanking E. Rd
Taipei, Taiwan

25. MTL Sourcing DMCC                Trade Payable      $3,024,427
Attn: President or General Counsel
HDS Business Centre
Jumaira Lake Towers
Dubai
United Arab Emirates

26. Richa Global Exports PVT Ltd     Trade Payable      $3,020,253
Attn: Virender Uppal, Chairman
219, Udyog Vihar Phase-1
Gurgaon
Haryana, 122001,
India
Tel: +91-124-4314000
Email: info@richaglobal.com

27. IBM Corporation                  Trade Payable      $2,952,280
Attn: President or General Counsel
1 New Orchard Road
Armonk, NY 10504-1722
Tel: 914-499-1900
Fax: 914-765-4190
Email: arvind.krishna@ibm.com

28. Busana Apparel PTE Ltd.          Trade Payable      $2,847,689
Attn: Mr. Maniwanen, Chairman
Axa Tower 41st & 43rd Floor
Kuningan City
Jalan Prof. Dr. Satrio Kav. 18
Kuningan, Setiabudi, Jakarta
12940
Indonesia
Tel: +6221-522-9344
Fax: +6221-3000-6052

29. Washington Prime Group, Inc.     Trade Payable      $2,726,248
Attn: Robert P. Demchak, Esq.
Executive Vice President
General Counsel and Corporate
Secretary
180 East Broad Street
Columbus, OH 43215
Tel: 614-621-9000
Email: wpginfo@washingtonprime.com

30. Molax Trading Limited            Trade Payable      $2,656,298
Attn: President or General Counsel
75-95, Seosomun-Dong
8rd Floor, Youone Building
Chung-Ku
Seoul, 100-110
Korea
Tel: 02-773-3601
Fax: 02-757-2044
Email: admin@molaxtrading.com

31. Guangdong Singwear               Trade Payable      $2,650,820
Garments Co Ltd.
Attn: President or General Counsel
Xiangang Industrial Park
Simapu Town, Chaon District
Guangdong Province
Shantou City, china
Tel: +86-0754-82201270
Fax: +86-754-87715720

32. Asmara International Limited     Trade Payable      $2,604,654
Attn: Venky Nagan
Chief Executive Officer
Unit 8B, Tong Yuen Factory
Building
505 Castle Peak Road
Lai Chi Kok, Kowloon,
Hong Kong
Tel: +852-27442255
Fax: +852-27442244
Email: contact@asmaragroup.com

33. Anant A Sportswear Limited       Trade Payable      $2,595,148
Attn: Amin Khan, President
2071, N. Collins Blvd.
Ste 201
Richardson, TX 75080
Tel: 972-759-0732
Fax: 972-692-8826
Email: sajed@ananta.com.bd

34. Accenture LLP                    Trade Payable      $2,555,866
Attn: Julie Sweet
Chief Executive Officer
1 Grand Canal Square
Dublin, D02 P820
Ireland
Tel: +353-1646-2000
Fax: +353-1646-2020
Email: julie.sweet@accenture.com

35. International Trading Services   Trade Payable      $2,520,994
Ltd.
Attn: President or General Counsel
Victoria Lane Industrial Park
7620 Victoria CT
Brownsville, TX 78521
Tel: 956-831-2740

36. Jiangsu Guotai Guosheng Co. Ltd. Trade Payable      $2,465,288
Attn: President or General Counsel
7-22/F Guotai New Century Plaza
No. 125 Middle Renmin Rd
Zhangjiagang Jiangsu, 215600
China
Tel: +0512-58988898
Fax: +0512-58686837

37. Hangzhou Lingxiu Knitting Ltd    Trade Payable      $2,458,758
Attn: Jared Lu
418 Hengfu Road
Hengcun Town
Tonglu County
Zhejiang, China
Tel: +86-571-64673088
Email: jared_lu@linxiu.com

38. John Gallin & Son, Inc.          Trade Payable      $2,437,642
Attn: Christopher Gallin
President
102 Madison Avenue
9th Floor
New York, NY 10016
Tel: 212-252-8900
Fax: 212-252-8910
Email: chrisg@gallin.com

39. Jones Lang LaSalle               Trade Payable      $2,364,445
Americas, Inc.
Attn: Alan Tse
Global Chief Legal Officer and
Corporate Secretary
200 East Randolf Drive
Chicago, IL 60601
Tel: 312-228-2808
Email: alan.tse@jll.com

40. Lee & Co.                        Trade Payable      $2,354,770
Attn: Arlen Lee
Chief Executive Officer
1278 Indiana St.
Suite 101
San Francisco, CA 94107
Tel: 415-475-9029
Email: hello@leeandco.com

41. AJG Inc.                         Trade Payable      $2,258,832
Attn: J. Patrick Gallagher Jr.
Chief Executive Officer
2850 Golf Road
Rolling Meadows, IL 60008
Tel: 630-773-3800
Fax: 630-285-4000

42. WS Trading Limited               Trade Payable      $2,248,644
Attn: President or General
Counsel
50 Tradeston Street
Glasgow, Scotland, G5 8BH
United Kingdom

43. Solve It Co., Ltd.               Trade Payable      $2,098,603
Attn: President or General
Counsel
3/F 556 Cheonho-Daero
Gwangjin-Gu Seoul, 143847
South Korea
Tel: +82-24536868

44. Tishman Speyer Properties        Trade Payable      $2,026,953
Attn: Michael B. Benner
Senior Managing Director and
General Counsel
Rockefeller Center, 45
Rockefeller Plaza
New York, NY 10111
Tel: 212-715-0300
Fax: 212-319-1745
Email: ny@tishmanspeyer.com

45. Modindia Exim Private Ltd        Trade Payable      $2,015,483
Attn: Gagan Gulati, Director
B-57 Okhla Industrial Area
Phase-1
New Delhi, 110020
India
Email: info@modelamaexports.com

46. South Asia Knitting              Trade Payable      $1,936,284
Fty Ltd (NEW)
Attn: President or General Counsel
17/F, South Asia Building
108 How Ming Street
Kwun Tong
Kowloon, Hong Kong
Tel: 852-2345-0261
Fax: 852-2343-3666
Email: leoyeung@southasiagroup.com

47. Meenu Creation LLP               Trade Payable      $1,876,239
Attn: President or General Counsel
A-33, Sector-64 Nodia Distt
Gautam Budh Nagar, UP-201301
India
Tel: 91-120-4080200
Fax: 91-120-4080200
Email: ed@meenucreation.com

48. The Forbes Company               Trade Payable      $1,830,041
Attn: President or General Counsel
100 Galleria Officentre, Suite 427
Southfield, MI 48034
Tel: 248-827-4600
Email: nforbes@theforbescompany.com

49. Gaurav International             Trade Payable      $1,820,631
Attn: Anju Sachdeva
PD Manager
198, Udyog Vihar Phase 1
Udyog Vihar, Sector 20
Gurugram, Haryana, 12201
India
Tel: +91 124 480 3900
Fax: +91 124 243 9710
Email: gintl@richagroup.com

50. Christine Clark and Other          Litigation     Undetermined
Similary Situated Individuals          Settlement
Attn: William B. Sullivan,
Eric K. Yaeckel, and Andrea
Torres-Gigueroa
Attorneys for Plaintiffs
Sullivan Law Group, APC
2330 Third Avenue
San Diego, CA 92101
Tel: 619-702-6760
Fax: 619-702-6761
Email: helen@sullivanlawgroupapc.com
       yaeckel@sullivanlawgroupapc.com
       atorres@sullivanlawgroupapc.com


ASCENA RETAIL: Files Chapter 11 to Facilitate Restructuring
-----------------------------------------------------------
Ascena Retail Group, Inc. and certain of its subsidiaries on July
23, 2020, disclosed that it has entered into a restructuring
support agreement ("RSA") with over 68% of its secured term
lenders.  The RSA contemplates agreed-upon terms for a pre-arranged
financial restructuring plan (the "Plan") that is expected to
significantly reduce Ascena's debt by approximately $1 billion and
provide increased financial flexibility to enable the Company to
continue its focus on generating profitable growth and driving
value for customers and stakeholders.  To implement the terms of
the RSA, the Company has filed voluntary Chapter 11 petitions in
the United States Bankruptcy Court for the Eastern District of
Virginia (the "Court").

Throughout the restructuring process, the Company's brands,
including Ann Taylor, LOFT, Lane Bryant, Justice and Lou & Grey,
will continue to provide customers with compelling fashion
assortments and an exceptional shopping experience.  Currently, the
Company is operating with approximately 95% of its store base
reopened and continues to serve customers in those stores and
through its e-commerce brand websites.  The Company will continue
to prioritize the safety and well-being of its associates and
customers as it continues to monitor the impact of COVID-19.

"The meaningful progress we have made driving sustainable growth,
improving our operating margins and strengthening our financial
foundation has been severely disrupted by the COVID-19 pandemic.
As a result, we took a strategic step forward [Thurs]day to protect
the future of the business for all of our stakeholders," said
Carrie Teffner, Interim Executive Chair of Ascena.  "The RSA
formalizes our lenders' overwhelming support for a comprehensive
plan to deleverage our balance sheet, right-size our operations and
inject new capital into the business.  With the cash generated from
our ongoing operations and the new money financing commitments we
received from our lenders, we expect to have sufficient liquidity
to meet our operational obligations during the court-supervised
process.  We expect to move through this process on an expedited
timeframe as our talented leadership team, established over the
last year, stays focused on generating profitable growth and
driving value for customers and stakeholders."

Gary Muto, Chief Executive Officer of Ascena commented, "Ann
Taylor, LOFT, Lane Bryant, Justice and Lou & Grey have incredibly
loyal customers who are at the center of everything we do.  These
iconic brands have significant long-term potential and we continue
to deliver on their mission to provide all women and girls with
fashion and inspiration to live confidently every day.  This
comprehensive restructuring, as well as the actions we are taking
to optimize our brand portfolio and store fleet, mark a new start
for our company and will allow us to expand our customer-focused
strategies across her mobile, online, and store experiences."

Mr. Muto continued, "I am incredibly proud of the entire team for
their commitment to serving our customers during what continues to
be a challenging period for retail, our communities and our friends
and families.  We have a clear vision for our future and we will
continue delivering meaningful experiences for our customers each
and every day. We look forward to our continued partnerships with
our valued vendors, landlords and other stakeholders as we emerge
from Chapter 11, and this pandemic, as a stronger company."

Optimization of Brand Portfolio and Store Fleet

As part of the balance sheet restructuring contemplated by the RSA,
the Company will optimize its brand portfolio and strategically
reduce its footprint with the closing of a significant number of
Justice stores and a select number of Ann Taylor, LOFT, Lane Bryant
and Lou & Grey stores.  This includes the exit of all stores across
brands in Canada, Puerto Rico and Mexico and the closure of all
Catherines stores.

In addition, Ascena has entered into an asset purchase agreement
(the "Purchase Agreement") with City Chic Collective Limited ("City
Chic") to sell the Catherines intellectual property assets and to
transition its e-commerce business to a subsidiary of City Chic.
The Company intends to conduct the sale process pursuant to Section
363 of the Bankruptcy Code. Accordingly, City Chic will serve as
the "stalking horse bidder" in a court-supervised auction process
and the Purchase Agreement is subject to higher and better offers,
among other conditions.

The Company will continue to operate its Ann Taylor, LOFT, Lane
Bryant, Justice and Lou & Grey brands through a reduced number of
retail stores and online. The final number of store closings will
be determined based on the ability of Ascena and its landlords to
reach agreement on sustainable lease structures. The Company
believes the Plan is in the landlords' long term interest and is
hopeful and optimistic that its landlords will partner with the
Company to keep as many stores open as possible. The optimization
of Ascena's brand portfolio and store fleet will allow the Company
to stabilize its financial position in the wake of the COVID-19
pandemic and move forward as a strong, profitable business.

Financing and Ongoing Operations

Ascena has received commitments for $150 million in a new money
term loan from its existing lenders. Following Court approval, this
financing, combined with cash on hand and cash flow generated by
the Company's ongoing operations, is expected to be sufficient to
meet Ascena's operational and restructuring needs. The new money
term loan will be available during the pendency of the proceedings
and will remain in place post emergence from
Chapter 11.

The Company has filed various customary motions with the Court
seeking several types of relief to allow Ascena to meet necessary
obligations and fulfill its duties during the restructuring
process, including authority to continue payment of employee wages
and benefits, honor certain customer and vendor commitments and
otherwise manage its day-to-day operations as usual.

Additional Information

Additional resources for customers and other stakeholders, and
other information on Ascena's financial restructuring, can be
accessed by visiting the Company's restructuring website at
https://www.Ascenaretail.com/restructuring/. Court filings and
other documents related to the Chapter 11 process are available at
http://cases.primeclerk.com/Ascena,by calling the Company's claims
agent, Prime Clerk, toll-free at (877) 930-4319 (toll free) or
(347) 899-4594 (international) or sending an email to
Ascenainfo@primeclerk.com.

Kirkland & Ellis LLP is serving as legal counsel to the Company and
Alvarez and Marsal Holdings, LLC is serving as restructuring
advisor. Guggenheim Securities, LLC is serving as the Company's
financial advisor.

                       About Ascena Retail

Ascena Retail Group, Inc. (Nasdaq: ASNA) --
http://www.Ascenaretail.com/-- is a national specialty retailer
offering apparel, shoes, and accessories for women under the
Premium Fashion (Ann Taylor, LOFT, and Lou & Grey), Plus Fashion
(Lane Bryant, Catherines and Cacique), and Value Fashion
(Dressbarn) segments, and for tween girls under the Kids Fashion
segment (Justice).  Ascena, through its retail brands, operates
ecommerce websites and approximately 2,800 stores throughout the
United States, Canada, and Puerto Rico.

Ascena Retail reported a net loss of $661.4 million for the fiscal
year ended Aug. 3, 2019, a net loss of $39.7 million for the year
ended Aug. 4, 2018, and a net loss of $1.06 billion for the year
ended July 29, 2017.  As of Feb. 1, 2020, the Company had $3.07
billion in total assets, $2.99 billion in total liabilities, and
$76.6 million in total equity.

                            *    *    *

As reported by the TCR on March 20, 2020, S&P Global Ratings raised
its issuer rating on Ascena Retail Group Inc. to 'CCC-' from 'SD'
and maintained the 'D' rating on the term loan due August 2022.
"The rating action reflects our view of the likelihood of a
conventional default or a broad-based restructuring of Ascena's
capital structure in the next six months.  Our opinion considers
the company's unsustainable capital structure, its still
significant debt burden following the repurchases, and our
expectation for weak performance amid a highly challenging
operating environment.  The rating also reflects our view that the
recent coronavirus outbreak in the U.S. will further pressure store
traffic and limit conventional refinancing prospects," S&P said.

As reported by the TCR on April 16, 2020, Moody's Investors Service
downgraded Ascena Retail Group, Inc.'s corporate family rating to
Caa3 from Caa2.  Ascena's Caa3 CFR is constrained by Moody's view
that default risk is elevated as a result of the company's high
leverage, 2022 debt maturities, and expectations for declining
earnings over the next 12-18 months.



ASCENA RETAIL: S&P Downgrades ICR to 'D' on Chapter 11 Filing
-------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on
New-Jersey-based specialty apparel retailer Ascena Retail Group,
Inc. to 'D' from 'CCC-'.

The downgrade follows Ascena'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.
The rating on the term loan due August 2022 remains 'D', which S&P
lowered from 'CCC' on March 12, 2020, on the company's debt
exchange. In connection with the filing, the company entered into a
restructuring support agreement with more than 68% of its secured
term lenders. S&P anticipates the company will continue operating
through the bankruptcy process as it has sourced at least $150
millions of new money debtor-in-possession term loan commitments.
Ascena and its landlords' ability to reach agreement on sustainable
lease structures will determine the final number of store
closures.

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

-- Health and safety


ASHFORD HOSPITALITY: Says Substantial Going Concern Doubt Exists
----------------------------------------------------------------
Ashford Hospitality Trust, Inc. filed its quarterly report on Form
10-Q, disclosing a net loss of $101,920,000 on $281,877,000 of
total revenue for the three months ended March 31, 2020, compared
to a net loss of $46,622,000 on $358,718,000 of total revenue for
the same period in 2019.

At March 31, 2020, the Company had total assets of $4,566,122,000,
total liabilities of $4,333,223,000, and $197,670,000 in total
equity.

The Company disclosed that it has determined that there is
substantial doubt about its ability to continue as a going concern
within one year after the date the financial statements are
issued.

The Company said, "In December 2019, a novel strain of coronavirus
(COVID-19) was identified in Wuhan, China, which subsequently
spread to other regions of the world, and has resulted in
significant travel restrictions and extended shutdown of numerous
businesses in every state in the United States.

"In March 2020, the World Health Organization declared COVID-19 to
be a global pandemic.  Since late February, we have experienced a
significant decline in occupancy and RevPAR and we expect the
significant occupancy and RevPAR reduction associated with COVID-19
to continue as we are experiencing significant reservation
cancellations as well as a significant reduction in new
reservations relative to prior expectations.  The prolonged
presence of the virus has resulted in health or other government
authorities imposing widespread restrictions on travel and other
businesses.  The hotel industry and our portfolio have experienced
the postponement or cancellation of a significant number of
business conferences and similar events.  Following the government
mandates and health official orders, the Company temporarily
suspended operations at 23 of its 116 hotels and dramatically
reduced staffing and expenses at its hotels that remain
operational.  Operations will remain suspended until state and
local government restrictions and requirements are lifted and the
Company can be confident that reopening the hotels will not
jeopardize the health and safety of guests, hotel employees and
local communities.  COVID-19 has had a significant negative impact
on the Company's operations and financial results to date.  The
full financial impact of the reduction in hotel demand caused by
the pandemic and suspension of operations at the Company's hotels
cannot be reasonably estimated at this time due to uncertainty as
to its severity and duration.  The Company expects that the
COVID-19 pandemic will have a significant negative impact on the
Company's results of operations, financial position and cash flow
in 2020.  As a result, in March 2020, the Company suspended the
quarterly cash dividend on its common shares for the first quarter
of 2020 and likely the remainder of 2020, reduced planned capital
expenditures and reduced the compensation of its board of
directors, and, working closely with its hotel managers,
significantly reduced its hotels' operating expenses.  The
Company's advisor adopted a remote-work policy at its corporate
office in an effort to protect the health and safety of its
employees and does not anticipate these policies to have any
adverse impact on its ability to continue to operate its business.
This transition to a remote-work environment has not had a material
adverse impact on the Company's financial reporting system,
internal controls or disclosure controls and procedures.

"Although the Company was in compliance with all its debt covenants
as of March 31, 2020, subsequent to March 31, 2020 the Company did
not make principal or interest payments under nearly all of its
mortgage loans, which constituted an "Event of Default" as such
term is defined under the applicable loan documents.  Pursuant to
the terms of the applicable mortgage loan, such an Event of Default
caused an automatic increase in the interest rate on our
outstanding loan balance for the period such Event of Default
remains outstanding.  Following an Event of Default, the Company's
lenders can generally elect to accelerate all principal and accrued
interest payments that remain outstanding under the applicable
mortgage loan and foreclose on the applicable hotel properties that
are security for such loans.  The lenders who hold the notes that
are secured by the Embassy Suites New York Manhattan Times Square
and Hilton Scotts Valley hotel in Santa Cruz, California have each
sent us an acceleration notice which accelerated all payments due
under the applicable loan agreement.  The Company is actively
negotiating the terms for forbearance agreements or waivers with
its lenders.  Additionally, certain of the Company's hotel
properties are subject to ground leases rather than a fee simple
interest, with respect to all or a portion of the real property at
those hotels.  It is possible the Company will default on some or
all of the ground leases within the next twelve months.  Based on
these factors, the Company has determined that there is substantial
doubt about the Company's ability to continue as a going concern
within one year after the date the financial statements are issued.
U.S. generally accepted accounting principles requires that in
making this determination, the Company cannot consider any remedies
that are outside of the Company's control and have not been fully
implemented.  As a result, the Company could not consider future
potential fundraising activities, whether through equity or debt
offerings, dispositions of hotel properties or the likelihood of
obtaining forbearance agreements as we could not conclude they were
probable of being effectively implemented.  Any forbearance
agreement will most likely lead to increased costs, increased
interest rates, additional restrictive covenants and other possible
lender protections.  In addition to or in lieu of obtaining
forbearance agreements, the Company could turn over the hotels
securing the mortgage loans to the respective lenders.

"The spread of COVID-19 and the recent developments surrounding the
global pandemic are having significant negative impacts on our
business.  In response to the impact of COVID-19 on the hospitality
industry, the Company is deploying numerous strategies and
protocols to provide financial flexibility going forward to
navigate this crisis, including:

   * the Company has temporarily suspended operations at 21 hotel
properties.  The Company's remaining 95 hotel properties are
operating at reduced levels;

   * the Company worked proactively with its property managers to
aggressively cut operating costs at its hotels ultimately resulting
in an approximate 90% reduction in property-level staffing;

   * the Company has significantly reduced its planned spending for
capital expenditures for the fiscal year from a range of $125-$145
million to a range of $30-$50 million;

   * the Company has suspended its common dividend conserving
approximately $7 million per quarter;

   * the Company has taken proactive and aggressive actions to
protect liquidity and reduce corporate expenses through
compensation reductions for our board of directors and the
curtailment of all non-essential expenses resulting in an
approximate 25% reduction in corporate, general and administrative
and reimbursable expenses and will continue to take all necessary
additional actions to preserve capital and liquidity;

   * the Company estimates that its current monthly cash
utilization at its hotels given their current state of either
having suspended operations or operating with a limited capacity is
approximately $20 million per month.  The Company's debt is all
property-level, non-recourse debt and the monthly interest is
approximately $13 million per month.  The Company's current run
rate for corporate G&A and advisory fees is approximately $4
million per month;

   * the Company ended the quarter with cash and cash equivalents
of $240.3 million and restricted cash of $126.6 million.  The vast
majority of the restricted cash is comprised of lender and manager
held reserves.  The Company is currently working with its property
managers and lenders in order to utilize lender and manager held
reserves to fund operating shortfalls.  At the end of the quarter,
there was also $19.2 million due to the Company from third-party
hotel managers, which is the Company's cash held by one of its
property managers which is also available to fund hotel operating
costs;

   * beginning on April 1, 2020, the Company did not make principal
or interest payments under nearly all of its loan agreements, which
constituted an "Event of Default" as such term is defined under the
applicable loan documents.  The Company is actively working with
its lenders to arrange mutually agreeable forbearance agreements to
reduce its near-term cash utilization and improve liquidity; and

   * the Company has partnered with local government agencies,
medical staffing organizations, and hotel brands to support
COVID-19 response efforts.  To date, through various initiatives,
48 Ashford Trust hotels have provided temporary lodging for first
responders, healthcare professionals, and other community residents
impacted by the pandemic.

"Pursuant to the terms of the Letter Agreement dated March 13, 2020
(the "Hotel Management Letter Agreement"), in order to allow
Remington Hotels to better manage its corporate working capital and
to ensure the continued efficient operation of our hotels, we
agreed to pay the base fee and to reimburse all expenses on a
weekly basis for the preceding week, rather than on a monthly
basis.  The Hotel Management Letter Agreement went into effect on
March 13, 2020 and will continue until terminated by us.

"Subsequent to March 31, 2020, certain subsidiaries of the Company
applied for and received loans from Key Bank, N.A.  under the PPP,
which was established under the CARES Act.  All funds borrowed
under the PPP were returned on or before May 7, 2020."

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

                       https://is.gd/xFt96T

Ashford Hospitality Trust, Inc., together with its subsidiaries, is
an externally-advised REIT.  While the company's portfolio
currently consists of upscale hotels and upper upscale full-service
hotels, our investment strategy is predominantly focused on
investing in upper upscale full-service hotels in the U.S. that
have a revenue per available room ("RevPAR") generally less than
two times the U.S. national average.  The company is based in
Dallas, Texas.




AVALANCHE COMPANY: Unsecureds Will be Paid in Full
--------------------------------------------------
Debtor Avalanche Company, LLC, together with secured creditors
Nicholas Mechling and Christopher Mechling, filed a a Joint Plan of
Reorganization and a corresponding Disclosure Statement.

Nicholas and Christopher Mechlings (the "Mechlings") are the only
members of Avalanche Company, LLC, a California limited liability
company, which is the Debtor in this Bankruptcy Case.

The Class 1 Mechling Secured Claim is impaired.  Interest to accrue
at the contract rate.  Claim remains secured.  The secured amount
is offset by all net Intellectual Property Proceeds received by the
Mechlings.  No payment to Class 1 until all other creditors are
paid in full.

Class 2 Pouliot Judgment Claim is impaired.  The claim treated as
fully secured. Partially Disputed as to amount.  The allowed claim
will bear interest at 3% and be paid in full from payments under
the Twins Plan, in 48 monthly installments.

The Class 3 Dharma Claim is impaired.  The allowed claim will be
paid in full in 18 monthly installments commencing on the 1st day
of the 6th full month following the Effective Date.

The Class 4 Wizner Claim is impaired.  The allowed claim will be
paid in full in 18 monthly installments commencing on the 1st day
of the first full month after the Class 3 allowed claim has been
paid in full.

Class 5 General Unsecured Claims are impaired.  Allowed claims are
to be paid in full, in 48 monthly pro rata installments commencing
on the first day of the second full month following the Effective
Date.

Class 6 Twins Special Claim is impaired.  No payment until all
other claims are paid in full.

The Twins Special Plan provides that before each Plan Payment
becomes due, the Mechlings will deposit to the account of Twins
Special funds sufficient to make each payment required under the
Twins Special Plan.  The Mechlings anticipate that the source of
these deposits shall be Intellectual Property Proceeds.

A full-text copy of the Disclosure Statement dated June 15, 2020,
is available at https://tinyurl.com/y87cgesb from PacerMonitor.com
at no charge.

Attorney for Debtor Avalanche Company, LLC:

     Bruce R. Babcock 085878
     4808 Santa Monica Ave.
     San Diego, CA 92017
     Telephone: (619) 222-2661

Attorneys for Creditors Nicholas Mechling and Christopher
Mechling:

     Dean T. Kirby, Jr. 090114
     Roberta S. Robinson 099035
     KIRBY & McGUINN, A P.C.
     707 Broadway, Suite 1750
     San Diego, California 92101-5393
     Telephone: (619) 685-4000
     Facsimile: (619) 685-4004

                    About Avalanche Company

Avalanche Company, LLC, owner of sporting goods, hobby and musical
instrument stores, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Cal. Case No. 20-01229) on March 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 B. Latham oversees the case.  The
Debtor is represented by the Law Office of Bruce R. Babcock, Esq.


B2B TECH: Unsecureds Will get Prorata Cash From Plan Trust
----------------------------------------------------------
B2B TECH USA, LLC, submitted a Chapter 11 Plan and a Disclosure
Statement.

The Debtor's affiliate, Licensed Accessories USA, LLC, ran into
issues with its primary vendor Plus 352, S.A.  Ultimately, Plus
352, S.A. sued both the Debtor and Licensed Accessories USA, LLC.
As a result, the Debtor filed for the instant bankruptcy.

Pursuant to the Plan, each Allowed Secured Claim, at the election
of the Debtor, may (i) remain secured by a Lien in property of the
Debtor retained by such Holder, (ii) paid in full in cash
(including allowable interest) over time or through a refinancing
or a sale of the respective Asset securing such Allowed Secured
Claim, (iii) offset against, and to the extent of, the Debtor’s
claims against the Holder, or (iv) otherwise rendered unimpaired as
provided under the Bankruptcy Code.

Each Holder of an Allowed Unsecured Claim shall receive, on account
of the allowed claim, a pro rata distribution of cash from the Plan
Trust.

The Debtor's Plan will be funded by the current and future income
generated by its business operations.

A full-text copy of the Disclosure Statement dated June 15, 2020,
is available at https://tinyurl.com/y7edl252 from PacerMonitor.com
at no charge.

Attorney for the Debtor:

     Buddy D. Ford, Esquire
     Jonathan A. Semach, Esquire
     Heather M. Reel, Esquire
     BUDDY D. FORD, P.A.
     9301 West Hillsborough Avenue
     Tampa, Florida 33615-3008
     Telephone #: (813) 877-4669
     Facsimile #: (813) 877-5543
     Office Email: All@tampaesq.com
     E-mail: Buddy@tampaesq.com
     E-mail: Jonathan@tampaesq.com
     E-mail: Heather@tampaesq.com

                       About B2B Tech USA
  
B2B Tech USA, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 20-01258) on Feb. 14,
2020.  At the time of the filing, the Debtor had estimated assets
of less than $50,000 and liabilities of between $50,001 and
$100,000.  The Debtor tapped Buddy D. Ford, P.A., as its legal
counsel.


BARFLY VENTURES: Aug. 24 Auction of All Assets Set
--------------------------------------------------
Judge James W. Boyd of the U.S. Bankruptcy Court for the Western
District of Michigan authorized the bidding procedures proposed by
BarFly Ventures, LLC in connection with the sale of all or
substantially all assets to Project BarFly, LLC for a $17.5 million
credit bid, pursuant to their Asset Purchase Agreement dated July
9, 2020, subject to overbid.

A hearing on the Motion was held on July 20, 2020.

The Stalking Horse Agreement is approved as the Stalking Horse Bid
and the Debtors and Stalking Horse Bidder are authorized to perform
as required thereunder, subject to the Bidding Procedures.

The Break-Up Fee contained in the Stalking Horse Agreement and as
described in the Motion is approved, based on the substantial value
the Stalking Horse Bid created for the Debtors' estates and the
exercise of their reasonable business judgment.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Aug. 21, 2020 at 4:00 p.m. (ET)

     b. Initial Bid: Greater than or equal to the sum of the value
offered under the Stalking Horse Agreement, plus (i) the Break-Up
Fee, plus (ii) $100,000

     c. Deposit: 10% of the Purchase Price

     d. Auction: The Auction, if required, will be conducted at the
offices of Warner Norcross + Judd LLP, 1500 Warner Building, 150
Ottawa Avenue, NW, Grand Rapids, Michigan 49503 on Aug. 24, 2020 at
10:00 a.m. (ET), or such other date, time, and location (including
by video conference) as designated by the Debtors after providing
notice to the Notice Parties and all parties entitled to attend the
Auction.

     e. Bid Increments: $100,000

     f. Sale Hearing: Aug. 27, 2020 at 10:00 a.m. (ET).  The
hearing will be conducted by videoconferencing using the Zoom Cloud
Meeting Program/App.

     g. Sale Objection Deadline: Aug. 25, 2020 at 5:00 p.m. (ET)

Immediately following the closing of the Auction, the Debtors will
file with the Court and serve on the Notice Parties the Notice of
Auction Results.  The Notice of Auction and Sale Hearing is
approved.

By no later than three calendar days after entry of the Order, the
Debtors will cause the Notice of Auction and Sale Hearing and a
copy of the Order to be sent to the Sale Notice Parties.

Three calendar days after entry of the Order, the Debtors will
serve the Notice of Auction and Sale Hearing on all creditors
appearing on the Debtors' creditor matrix.

Within two business days after the conclusion of the Auction, the
Successful Bidder will complete and execute all agreements,
contracts, instruments and other documents necessary to consummate
the Successful Bid.  Consummation of any Sale Transaction pursuant
to a Successful Bid will be subject to Court approval.

All Good Faith Deposits will be returned to each bidder not
selected by the Debtors as the Successful Bidder or a Back-Up
Bidder no later than seven calendar days following the conclusion
of the Auction.

The Notice of Assumption and Assignment is approved.  By no later
than three business days after the Court's entry of the Bidding
Procedures Order, the Debtors will file with the Court and serve on
the applicable Counterparties the Notice of Assumption and
Assignment.  The Cure Objection Deadline is 14 days after service
of the Notice of Assumption and Assignment.

Notwithstanding the applicability of any of Bankruptcy Rules
6004(h), 6006(d), or any other provisions of the Bankruptcy Rules,
the terms and provisions of the Order will be immediately effective
and enforceable upon its entry and any applicable stay of the
effectiveness and enforceability of the Order is waived.

A copy of the Bidding Procedures is available at
https://tinyurl.com/yy2cmw92 from PacerMonitor.com free of charge.

                     About BarFly Ventures

BarFly Ventures LLC is the parent company of HopCat, Stella's
Lounge, and Grand Rapids Brewing Co.  Founded in 2008, BarFly
operates a chain of restaurants.

Barfly Ventures and its affiliates sought Chapter 11 protection
(Bankr. W.D. Mich. Case No. 20-01947) on June 3, 2020.  

Barfly Ventures was estimated to have $1 million to $10 million in
assets and $10 million to $50 million in liabilities.

The Hon. James W. Boyd is the case judge.

The Debtors tapped WARNER NORCROSS & JUDD, LLP and PACHULSKI STANG
ZIEHL & JONES LLP as counsel; ROCK CREEK ADVISORS LLC as financial
advisor; and MASTODON VENTURES, INC., as investment banker.


BARFLY VENTURES: Committee Hires Jaffe Raitt as Co-Counsel
----------------------------------------------------------
The official committee of unsecured creditors of Barfly Ventures,
LLC, and its affiliates seeks authority from the U.S. Bankruptcy
Court for the Western District of Michigan to retain Jaffe Raitt
Heuer & Weiss, P.C.

Jaffe Raitt will serve as co-counsel with Sugar Felsenthal Grais &
Helsinger, LLP, the other firm tapped by the committee to represent
it in Debtors' Chapter 11 cases.

The firm's attorneys and paralegals will be paid at hourly rates as
follows:

                   Low     High     Average
     Partner       $275    $650     $431
     Associates    $190    $410     $260
     Paralegals    $175    $250     $206

Jaffe Raitt requested a retainer in the amount of $37,500 to be
paid by Debtors' bankruptcy estate.

Paul Hage, Esq., a partner at Jaffe Raitt, disclosed in court
filings that the firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Paul R. Hage, Esq.
     Jaffe Raitt Heuer & Weiss, P.C.
     27777 Franklin Road, Suite 2500
     Southfield, MI 48034
     Phone: (248) 351-3000
     Facsimile: (248) 351-3082
     Email: jmiller@jaffelaw.com
            phage@jaffelaw.com

                       About BarFly Ventures

BarFly Ventures LLC is the parent company of HopCat, Stella's
Lounge, and Grand Rapids Brewing Co.  Founded in 2008, BarFly
Ventures operates a chain of restaurants.

Barfly Ventures and its affiliates sought Chapter 11 protection
(Bankr. W.D. Mich. Case No. 20-01947) on June 3, 2020.  At the time
of the filing, Barfly Ventures was estimated to have $1 million to
$10 million in assets and $10 million to $50 million in
liabilities.

Judge James W. Boyd oversees the cases.

Debtors have tapped Warner Norcross & Judd, LLP and Pachulski Stang
Ziehl & Jones, LLP as legal counsel; Rock Creek Advisors, LLC as
financial advisor; and Mastodon Ventures, Inc., as investment
banker.

A committee of unsecured creditors was appointed in Debtors'
Chapter 11 cases on June 23, 2020.  The committee has tapped Sugar
Felsenthal Grais & Helsinger, LLP and Jaffe Raitt Heuer & Weiss,
P.C. as its legal counsel, and Amherst Partners, LLC as its
financial advisor.


BARFLY VENTURES: Committee Taps Amherst as Financial Advisor
------------------------------------------------------------
The official committee of unsecured creditors of Barfly Ventures,
LLC and its affiliates seeks authority from the U.S. Bankruptcy
Court for the Western District of Michigan to retain Amherst
Partners, LLC as its financial advisor.

The committee has selected Amherst based upon the firm's expertise
in providing financial advisory and consulting services in Chapter
11 cases and believes its retention will be cost effective.

Amherst requested a retainer in the amount of $37,500 to be paid by
Debtors' bankruptcy estate.

Sheldon Stone, Esq., a partner at Amherst, disclosed in court
filings that the firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Sheldon L. Stone
     Amherst Partners, LLC
     255 Brown St., Suite 120
     Birmingham, MI 48009
     Phone: 1-248-642-5660

                       About BarFly Ventures

BarFly Ventures LLC is the parent company of HopCat, Stella's
Lounge, and Grand Rapids Brewing Co.  Founded in 2008, BarFly
Ventures operates a chain of restaurants.

Barfly Ventures and its affiliates sought Chapter 11 protection
(Bankr. W.D. Mich. Case No. 20-01947) on June 3, 2020.  At the time
of the filing, Barfly Ventures was estimated to have $1 million to
$10 million in assets and $10 million to $50 million in
liabilities.

Judge James W. Boyd oversees the cases.

Debtors have tapped Warner Norcross & Judd, LLP and Pachulski Stang
Ziehl & Jones, LLP as legal counsel; Rock Creek Advisors, LLC as
financial advisor; and Mastodon Ventures, Inc., as investment
banker.

A committee of unsecured creditors was appointed in Debtors'
Chapter 11 cases on June 23, 2020.  The committee has tapped Sugar
Felsenthal Grais & Helsinger, LLP and Jaffe Raitt Heuer & Weiss,
P.C. as its legal counsel, and Amherst Partners, LLC as its
financial advisor.


BARFLY VENTURES: Committee Taps Sugar Felsenthal as Counsel
-----------------------------------------------------------
The official committee of unsecured creditors of Barfly Ventures,
LLC, and its affiliates seeks authority from the U.S. Bankruptcy
Court for the Western District of Michigan to retain Sugar
Felsenthal Grais & Helsinger, LLP as its legal counsel.

The firm will provide the following services:

     a. represent the committee in its consultation with Debtors
regarding the administration of their Chapter 11 cases;

     b. assist the committee in analyzing Debtors' 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. assist the committee in any manner relevant to review and
determine Debtors' rights and obligations under their leases and
executory contracts;

     d. assist the committee in investigating the acts, conduct,
assets, liabilities and financial condition of Debtors, the
operations of Debtors and the desirability to continue those
operations, and any other matters relevant to the cases or to the
formulation of a Chapter 11 plan;

      e. assist the committee in its participation in the
negotiation, formulation, and drafting of a plan of liquidation or
reorganization;

      f. advise the committee on issues concerning the appointment
of a trustee or examiner under Section 1104 of the Bankruptcy
Code;

      g. advise the committee regarding its powers and duties under
the Bankruptcy Code and the Bankruptcy Rules; and

      h. assist the committee in the evaluation of claims and in
any litigation matters, including avoidance actions and claims
against directors and officers.

The firm's attorneys and paralegals will be paid at hourly rates as
follows:

     Partner        $455 - $780
     Associates     $320 - $435
     Paralegals     $265 - $320

Sugar Felsenthal requested a retainer in the amount of $75,000 to
be paid by Debtors' bankruptcy estate.

Elizabeth Vandesteeg, Esq., a partner at Sugar Felsenthal,
disclosed in court filings that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Elizabeth B. Vandesteeg, Esq.
     Sugar Felsenthal Grais & Helsinger, LLP
     30 N. LaSalle Street, Suite 3000
     Chicago, IL 60602
     Phone: (312) 704-2179
     Email: evandesteeg@sfgh.com

                       About BarFly Ventures

BarFly Ventures LLC is the parent company of HopCat, Stella's
Lounge, and Grand Rapids Brewing Co.  Founded in 2008, BarFly
Ventures operates a chain of restaurants.

Barfly Ventures and its affiliates sought Chapter 11 protection
(Bankr. W.D. Mich. Case No. 20-01947) on June 3, 2020.  At the time
of the filing, Barfly Ventures was estimated to have $1 million to
$10 million in assets and $10 million to $50 million in
liabilities.

Judge James W. Boyd oversees the cases.

Debtors have tapped Warner Norcross & Judd, LLP and Pachulski Stang
Ziehl & Jones, LLP as legal counsel; Rock Creek Advisors, LLC as
financial advisor; and Mastodon Ventures, Inc., as investment
banker.

A committee of unsecured creditors was appointed in Debtors'
Chapter 11 cases on June 23, 2020.  The committee has tapped Sugar
Felsenthal Grais & Helsinger, LLP and Jaffe Raitt Heuer & Weiss,
P.C. as its legal counsel, and Amherst Partners, LLC as its
financial advisor.


BAUMANN & SONS: Aug. 29 Hearing on Bidding Procedures for Assets
----------------------------------------------------------------
Judge Robert E. Grossman of the U.S. Bankruptcy Court for the
Eastern District of New York will convene a telephonic hearing on
July 29, 2020 at 11 a.m. (EST) to consider (i) the bidding
procedures proposed by Baumann & Sons Buses, Inc. and ACME Bus
Corp. in connection with the auction sale of any and all of their
personal property assets used in the operation of their
transportation business; and (ii) their procedures for the private
Sales, in the event that the Sale Process produces advantageous
Private Sales.

The telephonic hearing will be conducted using Court Solutions,
LLC.  All attorneys and parties wishing to appear at, or attend,
the telephonic hearing must make arrangements with Court Solutions
at https://www.court-solutions.com/ no later than 12 p.m. on the
business day prior to the hearing date.  The objection deadline is
July 28, 2020 at 12:00 pm (EST).  

On July 22, 2020, the Debtors will serve the Order along with the
Sale Motion and all exhibits thereto upon all the Sale Notice
Parties.

A minimum deposit must be paid by the Qualified Bidder as follows:
(i) if the Public Sale is live, the Qualified Bidder must pay a
Deposit of 25% of its Bid on the knockdown of the Bid, or (ii) if
the Public Sale is online/virtual, the Qualified Bidder must pay a
Deposit of 25% of such bidder's maximum Potential Bid at least 24
hours prior to the scheduled close of the Public Sale.  

The Debtors have tentatively scheduled Public Sale dates of Aug.
13, 2020, Aug. 20, 2020 and Aug. 27, 2020.  The Public Sales will
take place either (i) at Matz Auctions Inc., 39 Windsor Place,
Central Islip, New York 11722, (ii) at specific Facilities where
the Transportation Assets may be located, or (iii) virtually in the
event that safety and/or government regulations require it.  

The Transportation Assets will be sold free and clear of all Liens,
with such Liens to attach to the proceeds of the Transaction.

A copy of the Bidding Procedures is available at
https://tinyurl.com/yxe8kvqd from PacerMonitor.com free of charge.

                   About Baumann & Sons Buses

Baumann & Sons Buses, Inc. and ACME Bus Corp., along with their
non-debtor parent and two affiliates, operated a large school bus
transportation concern with contracts with a number of school
districts in Nassau, Suffolk and Westchester Counties.  The Baumann
Companies had collective annual gross revenues of over $62 million
for the 2018-2019 school year, but ceased operations by March 16,
2020 when New York State Governor Andrew Cuomo mandated the closure
of public schools as a result of the COVID-19 pandemic.

On May 27, 2020, A&A Auto Glass Plus, Mondial Automotive, Inc.,
Jenthony Enterprises, Inc., Nesco Bus Maintenance, Bevel Engine
Inc. and Bangs Towing filed an involuntary petition under chapter 7
of the Bankruptcy Code against Sons in the U.S. Bankruptcy Court
for the Eastern District of New York.  On July 1, 2020, the Court
converted the chapter 7 cases, including the case of Baumann & Sons
Buses, Inc. (Bankr. E.D. N.Y. Case No. 20-72121), to cases under
chapter 11 of the Bankruptcy Code.



BED BATH: Moody's Lowers CFR to Ba2, Outlook Negative
-----------------------------------------------------
Moody's Investors Service downgraded Bed Bath & Beyond Inc.'s
corporate family rating to Ba3 from Ba2, its probability of default
rating to Ba3-PD from Ba2-PD and its senior unsecured notes rating
to B1 from Ba2. The speculative grade liquidity rating is unchanged
at SGL-1. The outlook remains negative.

"The downgrade reflects continued margin pressure and lower EBITDA
as a result of the restrictions in place due to the coronavirus
pandemic as well as ongoing competitive challenges that will cause
debt/EBITDA to be sustained above its 4x downgrade trigger over the
next 12 to 18 months as well as concerns regarding the pace of
rebound in consumer demand once government support payments end",
said Moody's analyst, Peggy Holloway.

The two-notch downgrade of the senior unsecured notes reflects the
replacement of its prior unsecured credit agreement with a $850
million asset-based credit facility (unrated) which placed the
unsecured notes in a more junior position in the capital
structure.

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. The non-food
retail sector has been one of the sectors most significantly
affected by the shock given its sensitivity to consumer demand and
sentiment. More specifically, the weaknesses in Bed Bath's credit
profile has left it vulnerable to shifts in market sentiment in
these unprecedented operating conditions and Bed Bath remains
vulnerable to the outbreak continuing to spread. Moody's regards
the coronavirus outbreak as a social risk under its ESG framework,
given the substantial implications for public health and safety.
Its action reflects the impact on Bed Bath of the breadth and
severity of the shock, and the broad deterioration in credit
quality it has triggered.

Downgrades:

Issuer: Bed Bath & Beyond Inc.

Probability of Default Rating, Downgraded to Ba3-PD from Ba2-PD

Corporate Family Rating, Downgraded to Ba3 from Ba2

Senior Unsecured Regular Bond/Debenture, Downgraded to B1 (LGD4)
from Ba2 (LGD4)

Outlook Actions:

Issuer: Bed Bath & Beyond Inc.

Outlook, Remains Negative

RATINGS RATIONALE

Bed Bath's Ba3 CFR is constrained by declining same store sales
caused by store closures and competitive pressure as well as above
average expenses due to product mix shifts and to support key
initiatives that will continue to negatively impact operating
income. The company is fighting competition from e-commerce and
other value players, including Home Goods and Wayfair, as well as
traditional players such as Target Corporation, Walmart Inc. and
Amazon.com, Inc. While Bed Bath's investments targeted at improving
product assortment, marketing, inventory, supply chain optimization
and omni-channel capabilities are necessary, concern remains
whether or not the turnaround will happen swiftly enough for Bed
Bath to retain relevance with its customers in light of stiff
competition. It also acknowledges the challenge of implementing a
turnaround in the midst of the impact of the coronavirus pandemic
and economic recession. The company benefits from scale as the
largest dedicated retailer of domestic merchandise and home
furnishing, its national footprint supported by a good distribution
network, and financial flexibility to support its transformation
effort. Additionally, Bed Bath plans on closing 200 lower
performing stores over the next two years which will allow them
recapture sales at nearby stores and lower occupancy costs.

Bed Bath's CFR is supported by its good liquidity and cost
reduction efforts totaling $250 to $350 million in addition to the
$85 million SG&A savings announced earlier this year. These cost
savings are anticipated over the next 2 to 3 years. Bed Bath's good
liquidity position supports the company's ability to fund strategic
capex in omni-channel capabilities that will support operations as
part of the company's transformation plan. Bed Bath's current cash
balance and short-term investments are approximately $1.15 billion,
and its nearest note maturity is 2024 and the $850 million ABL
expires in June 2023.

The negative outlook reflects Bed Bath's operating performance will
remain pressured in the face of COVID-19 and weaker consumer demand
as it implements its turnaround strategy. The outlook also reflects
the challenge resizing its business to meet a lower level of demand
as the secular trends affecting Bed Bath persist.

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

Ratings could be downgraded if the company's very good liquidity
position deteriorates for any reason, if it is unable to gain
traction with respect to key initiatives, including the roll-out of
improved omni-channel capabilities, and resetting the cost
structure, or if the company experiences significant market share
erosion relative to its peers. Quantitatively, ratings could be
downgraded if EBITDA-CapEx/interest remains below 1.5x.

Ratings upgrade would be considered after the COVID-19 crisis
subsides, the transformation has taken hold evidenced by increasing
comparable sales and rising margins with debt/EBITDA sustained
below 4.0x and EBITDA-CapEx/interest above 2.0x while maintaining
very good liquidity.

Headquartered in Union, NJ, Bed Bath & Beyond Inc is a onmi-channel
retailer selling a wide assortment of domestics merchandise and
home furnishings which operates under the names Bed Bath & Beyond,
Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!,
Harmon, Harmon Face Values or Face Values, buybuyBABY and World
Market, CostPlus World Market or Cost Plus,
PersonalizationMall.com, and Decorist. The company also operates
Linen Holdings, a provider of institutional textiles. LTM revenues
were approximately $9.9 billion.

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


BIOLASE INC: Rights Offering Oversubscribed by Over 200%
--------------------------------------------------------
BIOLASE, Inc., reports the expiration of the Company's rights
offering, which was oversubscribed.  The subscription period for
its previously announced rights offering of units at a subscription
price of $1,000 per unit, consisting of one share of the Company's
newly created Series F Convertible Preferred Stock with a face
value of $1,000 (and immediately convertible at the option of the
holder into shares of BIOLASE's common stock at a conversion price
of $0.40 per share) and 2,500 warrants to purchase BIOLASE's common
stock with an exercise price of $0.40 per share, expired on July
15, 2020, and these rights are no longer exercisable.

The subscriptions totaled approximately 49,375 units (approximately
229% oversubscribed).  Due to the over-subscription of the units,
the Company upsized the Offering from the original 15,000 units
offered to 18,000 units.  The participants are expected to be
reduced pro-rata to the total upsized Offering of 18,000 units.
Preliminary estimates indicate that the Company will be raising
gross proceeds of approximately $18.0 million in the oversubscribed
Offering, excluding any proceeds that may be received by the
Company from the future exercise of the warrants included in the
units.  The results of the oversubscribed Offering and BIOLASE's
estimates regarding the aggregate gross proceeds of the
oversubscribed Offering to be received by BIOLASE are subject to
finalization and verification by its subscription agent.

BIOLASE anticipates that closing of the Offering will occur on or
about July 20, 2020, subject to satisfaction or waiver of all
conditions to closing.  Upon the closing, the subscription agent
will distribute, by way of direct registration in book-entry form
or through the facilities of DTC, as applicable, shares of its
Series F Convertible Preferred stock and warrants to holders of
rights who have validly exercised their rights and paid the
subscription price in full.  No physical stock or warrant
certificates will be issued to such holders.

Maxim Group LLC, The Benchmark Company, LLC and Colliers Securities
LLC acted as joint Dealer-Managers for the Offering. Questions
about the Offering or requests for copies of the preliminary and
final prospectuses, may be directed to Maxim Group LLC at 405
Lexington Avenue, New York, NY 10174, Attention Syndicate
Department, or via email at syndicate@maximgrp.com or telephone at
(212) 895-3745.

The Company's initial registration statement on Form S-1 (No.
333-238914) with respect to the Offering was declared effective by
the U.S. Securities and Exchange Commission (SEC) on July 1, 2020
and an additional registration statement on Form S-1 (No.
333-239876) with respect to the Offering became effective on July
15, 2020.  The prospectus relating to and describing the terms of
the Offering has been filed with the SEC as a part of the initial
registration statement and is available on the SEC's web site at
http://www.sec.gov.

                          About BIOLASE

BIOLASE -- http://www.biolase.com-- is a medical device company
that develops, manufactures, markets, and sells laser systems in
dentistry, and medicine.  BIOLASE's products advance the practice
of dentistry and medicine for patients and healthcare
professionals.  BIOLASE's proprietary laser products incorporate
approximately patented 261 and 52 patent-pending technologies
designed to provide biologically clinically superior performance
with less pain and faster recovery times.  BIOLASE's innovative
products provide cutting-edge technology at competitive prices to
deliver superior results for dentists and patients.  BIOLASE's
principal products are revolutionary dental laser systems that
perform a broad range of dental procedures, including cosmetic and
complex surgical applications, and a full line of dental imaging
equipment.  BIOLASE has sold over 41,200 laser systems to date in
over 80 countries around the world.  Laser products under
development address BIOLASE's core dental market and other adjacent
medical and consumer applications.

Biolase reported a net loss of $17.85 million for the year ended
Dec. 31, 2019, compared to a net loss of $21.52 million for the
year ended Dec. 31, 2018.  As of March 31, 2020, the Company had
$24.53 million in total assets, $25.42 million in total
liabilities, $3.96 million in total redeemable preferred stock, and
a total stockholders' deficit of $4.86 million.

BDO USA, LLP, in Costa Mesa, California, the Company's auditor
since 2005, issued a "going concern" qualification in its report
dated March 27, 2020 citing that the Company has suffered recurring
losses from operations, has negative cash flows from operations and
has uncertainties regarding the Company's ability to meet its debt
covenants and service its debt.  These factors, among others, raise
substantial doubt about its ability to continue as a going concern.


BOSS OYSTER: Centennial Bank Objects to Amended Plan & Disclosure
-----------------------------------------------------------------
Secured creditor Centennial Bank conditionally objects to the
amended plan of liquidation and the amended disclosure statement
filed by Seagrape Enterprises of Apalachicola, Inc., a debtor
affiliate of Boss Oyster, Inc.

Centennial raises its conditional objection, consistent with its
ballots rejecting the plan, on the basis that the written plan,
disclosure statement, and motion for sale of assets are incomplete.


Centennial conditionally objects to the treatment of Class 2 claims
under section 4.01 of the Amended Plan, which identifies
Centennial's secured claims by claim amounts as of the petition
date.  The claim-treatment description indicates the acceptance of
Centennial's entitlement to post-petition interest and fees and
suggests an offer but the agreed amounts differ from the listed
proposal.

Centennial argues to the treatment of Administrative Expense claims
under section 3.02 of the Amended Plan.  The treatment proposes a
maximum amount of administrative expense fees between both this and
the Related Debtor's plan of $100,000, which appears insufficient
to pay all necessary claims.

Centennial contends to the discharge of the Debtor described in
section 9.01 of the Amended Plan because the Debtor is not entitled
to a discharge under the Bankruptcy Code.

A full-text copy of Centennial Bank's objection to Amended
Disclosure Statement dated June 18, 2020, is available at
https://tinyurl.com/ycp7q2g8 from PacerMonitor.com at no charge.

Counsel for Creditor Centennial:

          TREVOR A. THOMPSON
          KEITH L. BELL
          CLARK PARTINGTON
          106 East College Avenue, Suite 600
          Tallahassee, Florida 32301
          Office (850) 320-6827
          Facsimile (850) 597-7591
          E-mail: tthompson@clarkpartington.com
          kbell@clarkpartington.com

                     About Boss Oyster Inc.

Boss Oyster Inc. owns and operates an oyster bar restaurant in
Apalachicola, Fla.  Boss Oyster and its affiliate Seagrape
Enterprises of Apalachicola, Inc., sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Fla. Lead Case No. 19-40357)
on July 12, 2019.  At the time of the filing, Boss Oyster was
estimated to have assets of between $1 million and $10 million and
liabilities of the same range.  The cases have been assigned to
Judge Karen K. Specie.  Bruner Wright, P.A., is the Debtors'
bankruptcy counsel.


BOUNCE FOR FUN: Proposes Auction Sale of Assets
-----------------------------------------------
Bounce for Fun, LLC, asks the U.S. Bankruptcy Court for the Eastern
District of Texas to authorize the auction sale of assets.

The Debtor's business consists of operation of a bounce house
company and related party games and accessories.  As a result of
the COVID-19 pandemic, the Debtor's business completed dried up.
Without any foreseeable end to the current situation, it Debtor
filed the bankruptcy for the purpose of orderly liquidating of its
assets.

Contemporaneously with the Motion, the Debtor has filed an
Application to Employ Rosen Systems, to conduct an auction of its
assets.  The Debtor believes the procedure will produce the most
efficient and productive means to achieve the highest possible
value for the estate.

The Debtor asks that the Court authorizes the sale of its assets
free and clear of all liens claims and encumbrances through the
auction process, and allow any liens against the assets to attach
to the proceeds of the sale and not to be distributed without
further order of the Court.

The Debtor asks that the matter be set down for an hearing, and
that upon hearing, the Court enters an Order authorizing the
Debtor's sale of the assets through the auction process, and for
such other and further relief as the Debtor may show itself justly
entitled.

Objections, if any, must be filed within 21 days from the filing of
the Motion.
                         
                    About Bounce for Fun

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.


BRUCE ELIEFF: Trustee Sets Bidding Procedures for Irvine Property
-----------------------------------------------------------------
Howard M. Ehrenberg, the duly appointed chapter 11 trustee of Bruce
Elieff, asks the U.S. Bankruptcy Court for the Central District of
California to authorize the bidding procedures in connection with
the sale of the Debtor's ownership interest in a 20,392 square foot
flex building located at 2392 Morse Avenue, Irvine, California to
John Combs and Sheldon Harte and/or assignee(s) for $7.5 million,
free and clear of all liens, subject to overbid.

At the time of commencement of the within case, title to the
Property was held in the name of Morse Properties, LLC.  Morse was
formed on Jan. 28, 2003, in Delaware, by the Debtor.  The Property
is currently 100% occupied by Argent Management, LLC, which is
owned by the Debtor's brother, Stephan Elieff.  The lease with
Argent has expired and the tenant is occupying the property on a
month-to-month basis.

In the Amended Schedules of Morse filed on Nov. 25, 2019, Morse
lists its 100% ownership interest in the Property and values its
interest in the Property at $7,952,880.  Another source of value is
set forth in pleadings on file with the Court.  In a motion for
relief from the automatic stay filed in November of 2019, John P.
King, Jr. proffered an MAI appraisal of Pacific Valuation which
states that the Property has a value of $6.52 million.

As for secured debt, the Morse Amended Schedules lists a $56,091
statutory tax lien secured by the Property, along with first and
second liens held by Alliance Portfolio Private Equity Finance and
John P. King, Jr. of $3,327,567 and $1,906,588, respectively.  In
contrast, the PTR identifies two deeds of trust in favor of
Alliance, though that PTR also references various assignments of
interests in the two trust deeds, the more junior of which appears
to have assigned to King or affiliates thereof.  

In addition, the Amended Schedules lists a disputed lien asserted
by Todd Kurtin.  While the Trustee is informed that Kurtin consents
to the proposed sale if the Net Proceeds are segregated and held
subject to his lien, the claims of Kurtin as secured by the
disputed lien are also subject to dispute.  The challenges to
Kurtin's claims and liens are the subject of a pending adversary
proceeding before the Court, entitled Elieff v. Kurtin, adversary
no. 8:19-ap-01205.

Finally, while the Trustee could find no evidence of a lien by the
Internal Revenue Service on Feb. 12, 2020, the IRS filed a proof of
claim in the Morse bankruptcy case [Claim No. 7-1] in the amount of
$103,548,316. The Claim states that it is secured to the extent of
$37,116,818 and is secured by "All of debtor(s) right, title and
interest to property.”  The proof of claim provides no support
for the assertion that any portion of the claim is secured by a
lien against the Property and the Trustee is aware of none.
Moreover, the Trustee has no evidence that the IRS holds a claim in
any amount against Morse.

On June 16, 2020, the Debtor and the Proposed Buyer entered into a
purchase and sale agreemen whereby the Proposed Buyer would
purchase the Estate's interest in the Property for $7.5 million,
subject to the Court's approval and the proposed overbid
procedures.  

Prior to the date of the filing of the Motion, the Debtor entered
into a real estate listing agreement for the Property with Carol
Trapani of CBRE Group, Inc.  The Broker continues to market the
Property for the purpose of soliciting potential overbids with the
goal to obtain a price commensurate with the Property's fair market
value and will continue to do so through the hearing on the
Motion.

To obtain the highest and best offer for the benefit of the
creditors of the estate, the Trustee proposes that the Sale
Agreement be subject to overbid, a process accepted by the Proposed
Buyer.  Notice is being provided of the opportunity for overbidding
to all interested parties in the matter.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: July 20, 2020 at 5:00 p.m.

     b. Initial Bid: $7.575 million

     c. Deposit: $300,000

     d. Auction: The auction will take place at the hearing at the
Motion for approval of the Sale Agreement.  The hearing will be
conducted remotely, and the Court may require that the bidding take
place outside of the Courtroom.

     e. Bid Increments: $75,000

     f. Closing: Aug. 31, 2020

Following or concurrently with closing of the escrow, the Trustee
seeks authority to distribute or retain the net sale proceeds as
follows:

     a) Payment of normal escrow and closing costs, including
pro-rated real estate taxes, if any;

     b) If the Proposed Buyer is not the prevailing bidder or a
back-up bidder and escrow for sale of the Property closes with a
buyer other than the Proposed Buyer, payment to the Proposed Buyer
of up to $15,000 in accordance with the provisions of paragraph 25
of the Sale Agreement;

     c) Payment of the undisputed portion of the first in priority
secured claim owed to Alliance Portfolio, estimated in the amount
of $3,428,111, with any disputed portion impounded until resolution
of any such disputes;

     d) Payment of the undisputed portion of the second in priority
secured claim owed to John P. King, Jr., estimated in the amount of
$2,153,772, with any disputed portion impounded until resolution of
any such disputes;

     e) Payment to Carol Trapani of CBRE Group, Inc., Broker, an
amount not greater than 5% of the sale price, in accordance with
the terms of the Order employing the Broker.  The commission will
be divided between the Broker and the broker or agent, if any, for
the prevailing bidder;

     f) The alleged disputed lien of Todd Kurtin will attach to the
proceeds after payment of the items in subparagraphs (a) through
(d) above to be held in a segregated account maintained by the
Trustee, with the same extent, validity, force, priority and effect
that it has, if any, against the Property;

     g) To the extent the Internal Revenue Service demonstrates a
reasonable likelihood that it holds a valid lien against the
Property, its lien will attach to the Net Proceeds to be held in a
segregated account maintained by the Trustee, with the same extent,
validity, force, priority and effect that it has, if any, against
the Property.  In the absence of such evidence, the Trustee
proposes that the Net Proceeds be deemed to be free and clear of
any claim or encumbrance by the IRS.

Time is of the essence so that the Proposed Buyer can immediately
complete the sale.  Accordingly, the Trustee asks that the Court
waives the stay imposed by Rule 6004(h).

A copy of the Agreement is available at
https://tinyurl.com/yb7o72fu from PacerMonitor.com free of charge.

                      About Bruce Elieff

Bruce Elieff sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 19-13858) on Oct. 2, 2019.  The
Debtor tapped Couchot Law, LLP as its legal counsel.

On June 29, 2020, the Court appointed Howard M. Ehrenberg as
chapter 11 trustee.



BY CROWN: S&P Rates $500MM Senior Secured Notes 'B-'
-----------------------------------------------------
S&P Global Ratings assigned its 'B-' issue-level and '3' recovery
ratings to supply chain software provider BY Crown Parent LLC's
(doing business as Blue Yonder) $500 million senior secured notes.
Blue Yonder will use these funds to pay down its existing
first-lien term loan and outstanding revolver draw. It will use
excess proceeds to bolster its liquidity and strengthen its balance
sheet for general corporate purposes such as potential tuck-in
acquisitions. S&P's 'B-' issuer credit rating on Blue Yonder is
unchanged, while its 'B-' issue-level rating on its first-lien term
loan ('3' recovery rating) and 'CCC' issue-level rating on its
unsecured notes ('6' recovery rating) are affirmed.

"While we expect Blue Yonder's S&P Global Ratings-adjusted leverage
to be above 12x (pro forma for this transaction), inclusive of the
company's class B common shares, which we treat as debt, and we
expect the company to face retail and manufacturing headwinds due
to the macroeconomic impact of the COVID-19 pandemic, we think its
liquidity makes its capital structure sustainable," the rating
agency said.

Blue Yonder should start the transaction with more than $360
million of total liquidity, which should be ample for debt service
for the foreseeable future, even if there is prolonged impact from
COVID-19, according to the rating agency.

Issue Ratings--Recovery Analysis

Key analytical factors

-- S&P assigns its 'B-' issue-level and '3' recovery ratings to
the company's senior secured notes.

-- S&P's 'B-' issue-level and '3' recovery ratings on the
company's secured debt, as well as its 'CCC' issue-level and '6'
recovery ratings on its unsecured debt, are unchanged.

-- S&P's simulated default scenario assumes a default in 2022
because of a significant decline in revenues due to macroeconomic
impact from COVID-19; intense competition from larger,
better-capitalized software companies; and a weak macroeconomic and
retail and manufacturing investment spending environment.

-- S&P values the company as a going concern because it believes
that following a payment default, it would likely be reorganized
rather than liquidated because of its leading brand and market
position.

-- The multiple is consistent with what S&P uses for other
technology software companies with similar scale and market
positions.

Simulated default assumptions

-- Simulated year of default: 2022
-- EBITDA at emergence after recovery adjustment: About $141
million
-- EBITDA multiple: 6x
-- Revolving credit facility: 85% drawn at default

Simplified waterfall

-- Net enterprise value (after 5% administrative costs): About
$804 million
-- Valuation split (obligor/nonobligors): 65%/35%
-- Value available for secured debt claims: About $771 million
-- Secured debt claims: About $1.4 billion
-- Recovery expectations: 50%-70% (rounded estimate: 50%)
-- Value available for unsecured claims: About $32 million
-- Unsecured debt claims: About $363 million
-- Recovery expectations: 0%-10% (rounded estimate: 5%)

All debt amounts include six months of prepetition interest.


BYRDLAND PROPERTIES: River Bend Buying Assets for $4.6 Million
--------------------------------------------------------------
Jim's Disposal Service, LLC ("JDS"), and Byrdland Properties, LLC,
ask the U.S. Bankruptcy Court for the Western District of Missouri
to authorize the private sale of assets, consisting of a solid
waste processing facility, a solid waste processing facility
operating permit, and the trucks and equipment, to River Bend
Recycling and Transfer, LLC for $4,623,800.

On April 25, 2020, the Debtors filed a joint motion to
substantively consolidate their estates for the purpose of
increasing the value of their respective assets.  There are no
outstanding objections to the motion, and the Debtors anticipate
that it will be entered on June 23, 2020.

Byrdland is the sole record owner of a solid waste processing
facility, or "Transfer Station," located at 17200 Industrial Drive,
in the Village of River Bend, Missouri 64058.  Security Bank of
Kansas City ("SBKC") asserts a valid and perfected first priority
lien on and security interest in the Transfer Station pursuant to,
among other loan and security documents, that certain Deed of Trust
dated as of May 6, 2016, granted by Byrdland for the benefit of
SBKC, recorded at Document Number 2016E0040017 with the Recorder of
Deeds of Jackson County, Missouri, as amended, modified, or
supplemented from time to time.
   
JDS is the owner of a 21-year Solid Waste Processing Facility
Operating Permit issued by the Missouri Department of Natural
Resource to operate the Transfer Station.  BKC asserts a valid and
perfected first priority lien on and security interest in the
Permit pursuant to the loan and security documents, security
agreements, UCC-1 financing statements, and other perfection
documents attached to SBKC's proof of claim in the case, available
at Claim No. 38 in the JDS claims register.

JDS is also the owner of the assets listed on Exhibit B ("Trucks
and Equipment").  These assets are unencumbered.  

The Debtors have received an offer to purchase the Assets for
$4,623,800 on the terms and conditions set forth in the non-binding
letter of intent.  They anticipate supplementing the Motion with a
final purchase agreement within 21 days of the filing of the
Motion.  The Debtors believe that this amount is sufficient to pay
off all of the liens to which the Assets are subject (other than
the liens and security interest that will attach to the proceeds
upon .

The Debtors propose to sell the Assets free and clear of liens,
claims, and encumbrances.

The Debtors propose that the proceeds from the Sale be used to pay
the following, in order:

     (a) First, to satisfy any outstanding real property taxes
associated with the real property to be sold;

     (b) Second, to the first-priority lienholders with valid
claims against the Assets;

     (c) Third, to the attorney's fees and costs (including
postage) incurred by the Debtors in selling the Assets, subject to
Bankruptcy Court approval, in an amount not to exceed $25,000; and


     (d) Fourth, to the Debtors' substantively consolidated estate.


In connection with the Proposed Sale, the Purchaser may desire to
take assignment of and assume certain executory contracts and/or
leases related to the Permit or Transfer Station.

The Debtors ask that the private sale take place on July 24, 2020,
or such later time as the Debtor may determine is in the best
interests of the estate, with the Sale Hearing to occur on July 29,
2020 at 1:30 p.m.  

Acopy of the Letter of Intent and Exhibit B is available at
https://tinyurl.com/y7z6ckyw from PacerMonitor.com free of charge.
  
                     About Byrdland Properties

Byrdland Properties, LLC, sought protection under Chapter 11 of
the
Bankruptcy Code (Bankr. W.D. Mo. Case No. 20-40571) on March 12,
2020.  At the time of the filing, Debtor was estimated to have
assets of less than $50,000 and liabilities of less than $50,000.
Judge Brian T. Fenimore oversees the case.  Mann Conroy, LLC, is
the Debtor's legal counsel.


CALIFORNIA RESOURCES: Davis, Haynes Update on Term Lender Group
---------------------------------------------------------------
In the Chapter 11 cases of California Resources Corporation, et
al., the law firms of Davis Polk & Wardwell LLP and Haynes and
Boone, LLP submitted a revised verified statement under Rule 2019
of the Federal Rules of Bankruptcy Procedure, to disclose an
updated list of Ad Hoc Term Lender Group that they are
representing.

The Ad Hoc Term Lender Group formed by those holders of loans to
the Company under that certain Credit Agreement, dated as of
November 17, 2017 by and among the Company, the several banks and
other financial institutions or entities party thereto from time to
time and the Bank of New York Mellon Trust Company, N.A., as
Administrative Agent, that certain Credit Agreement, dated as of
August 12, 2016 by and among the Company, the several banks and
other financial institutions or entities party thereto from time to
time and the Bank of New York Mellon Trust Company, N.A., as
Administrative Agent, that that certain Indenture dated as of
December 15, 2015, by and among the Company, as the issuer, the
guarantors party thereto, and the Bank of New York Mellon Trust
Company, N.A., as trustee, and that certain Indenture dated as of
October 1, 2014.

On or around December 20, 2020, the Ad Hoc Term Lender Group
engaged Davis Polk to represent it in connection with the Members'
holdings under the 1.25L Credit Agreement and the 1.5L Credit
Agreement. On or around June 23, 2020 the Ad Hoc Term Lender Group
engaged Haynes and Boone to act as co-counsel in the Chapter 11
Cases.

Counsel only represents the Ad Hoc Term Lender Group. Counsel does
not represent or purport to represent any entities other than the
Ad Hoc Term Lender Group in connection with the Chapter 11 Cases.
In addition, the Ad Hoc Term Lender Group does not claim or purport
to represent any other entity and undertakes no duties or
obligations to any entity.

As of July 16, 2020, members of the Ad Hoc Term Lender Group and
their disclosable economic interests are:

BLACKROCK FINANCIAL MANAGEMENT, INC.
55 E. 52nd Street
New York, NY 10055

* $48,144,000.00 in aggregate principal amount of loans under the
  1.25L Credit Agreement

* $55,315,622.00 in aggregate outstanding amount of loans under
  the 1.5L Credit Agreement

CARVAL INVESTORS, LP
9320 Excelsior Boulevard, 7th Floor
Minneapolis, MN 55343

* $42,500,000.00 in aggregate principal amount of loans under the
  1.25L Credit Agreement

* $50,372,465.02 in aggregate principal amount of loans under the
  1.5L Credit Agreement

FIDELITY MANAGEMENT & RESEARCH COMPANY LLC
200 Seaport Blvd, VI3H
Boston, MA, 02210

* $349,773.00 in aggregate principal amount of loans under the
  1.25L Credit Agreement

* $404,794,333 in aggregate principal amount of loans under the
  1.5L Credit Agreement

* $148,820,000 in aggregate principal amount of loans under the 2L
  Notes Indenture Agreement

GOLDENTREE ASSET MANAGEMENT, LP
300 Park Avenue
21st Floor
New York, NY 10022

* $357,844,285.00 in aggregate principal amount of loans under the
  1.25L Credit Agreement

* $6,160,000 in aggregate principal amount of loans under the 1.5L
  Credit Agreement

* $351,659,000 in aggregate principal amount of loans under the 2L
  Notes Indenture Agreement

* 38,565,000 in aggregate principal amount of Unsecured Notes

INVESCO SENIOR SECURED MANAGEMENT, INC.
1166 Avenue of The Americas 26th Floor
New York, NY 10036

* $26,929,081.00 in aggregate principal amount of loans under the
  1.25L Credit Agreement

* $23,108,796.00 in aggregate principal amount of loans under the
  1.5L Credit Agreement

JB INVESTORS LLC
100 West Liberty Street, Tenth Floor
Reno, Nevada 89501

* $138,021,708.00 in aggregate principal amount of loans under the
  1.25L Credit Agreement

J.P. MORGAN INVESTMENT MANAGEMENT AND
JPMORGAN CHASE BANK, N.A
1 E Ohio St., Floor 06
Indianapolis, IN 46204

* $78,940,700.00 in aggregate principal amount of loans under the
  1.25L Credit Agreement

SYMPHONY ASSET MANAGEMENT LLC
555 California Street Suite 3100
San Francisco, CA

* $55,059,074.00 in aggregate principal amount of loans under the
  1.25L Credit Agreement

* $7,500,000.01 in aggregate principal amount of loans under the
  1.5L Credit Agreement

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

          Charles A. Beckham, Jr., Esq.
          Arsalan Muhammad, Esq.
          Martha Wyrick, Esq.
          HAYNES AND BOONE, LLP
          1221 McKinney Street, Suite 4000
          Houston, TX 77010
          Telephone: (713) 547-2000
          Facsimile: (713) 547-2600
          Email: charles.beckham@haynesboone.com
                 arsalan.muhammad@haynesboone.com
                 martha.wyrick@haynesboone.com

             - and –

          Damian S. Schaible, Esq.
          Benjamin S. Kaminetzky, Esq.
          Angela M. Libby, Esq.
          Marc J. Tobak, Esq.
          Jonah A. Peppiatt, Esq.
          DAVIS POLK & WARDWELL LLP
          450 Lexington Avenue
          New York, NY 10017
          Telephone: (212) 450-4000
          Facsimile: (212) 701-5800
          Email: damian.schaible@davispolk.com
                 ben.kaminetzky@davispolk.com
                 angela.libby@davispolk.com
                 marc.tobak@davispolk.com
                 jonah.peppiatt@davispolk.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/Ium0df and https://is.gd/Vc4Vx6

                    About California Resources

California Resources Corporation -- http://www.crc.com/-- is an  
oil and natural gas exploration and production company
headquartered in Los Angeles, California.  CRC operates its
resource base exclusively within the State of California, applying
complementary and integrated infrastructure to gather, process and
market its production.

California Resources reported a net loss attributable to common
stock of $28 million for the year ended Dec. 31, 2019, compared to
net income attributable to common stock of $328 million for the
year ended Dec. 31, 2018.  As of March 31, 2020, the Company had
$4.97 billion in total assets, $543 million in total current
liabilities, $4.86 billion in long-term debt, $135 million in
deferred gain and issuance costs, $715 million in other long-term
liabilities, $816 million in mezzanine equity, and a total deficit
of $2.09 billion.



CAMBER ENERGY: Assigns to PetroGlobe Assets in Hutchinson, Texas
----------------------------------------------------------------
Camber Energy, Inc., previously received on May 30, 2019, a
Severance Order from the Texas Railroad Commission for
noncompliance with TRC rules, suspending the Company's ability to
produce or sell oil and gas from its Panhandle leases in Hutchinson
County, Texas, until certain well performance criteria were met.
Since that time, the Company followed TRC procedures in order to
regain TRC compliance for the Panhandle wells, which has been
received to date.  On Jan. 31, 2020, the Company executed a
Compromise Settlement Agreement with PetroGlobe, Signal Drilling,
LLC, Petrolia Oil, LLC, Prairie Gas Company of Oklahoma, LLC, and
Canadian River Trading Company, LLC, whereby the Company agreed to
pay PetroGlobe $250,000, of which $100,000 was paid upon execution
of the Settlement Agreement and $150,000 was paid to an escrow
account, which release was subject to approval by the Company upon
the successful transfer of all wells and partnership interests of
the Company's current wholly-owned subsidiary C E Energy LLC to
PetroGlobe.  Specifically, on
July 16, 2020, the Company completed all of the remaining
requirements and assigned PetroGlobe all of its right, title and
interest in all wells, leases, royalties, minerals, equipment, and
other tangible assets associated with specified wells and
properties, located in Hutchinson County, Texas, the $150,000 held
in escrow was released to PetroGlobe and the Settlement Agreement
transactions closed.  As a result of the transfers, the Company no
longer owns CE, and no longer has any interest in or any
liabilities related to the Hutchinson County, Texas wells.

As of July 21, 2020, the Company had 17,430,729 shares of common
stock issued and outstanding (which does not include certain shares
of common stock which are still due to the holder of the Company's
Series C Preferred Stock from prior conversions of Series C
Preferred Stock, and which are currently held in abeyance, subject
to issuance at the request of such holder, and such holder's 9.99%
ownership limitation).  The increase in the Company's outstanding
shares of common stock from the date of the Company's April 16,
2020 increase in authorized shares of common stock (from 5 million
shares, to 25 million shares, pursuant to the approval of the
stockholders of the Company at the annual meeting of stockholders
held on the same day), is almost solely entirely due to conversions
of shares of Series C Preferred Stock of the Company into common
stock, and conversion premiums due thereon, which are payable in
shares of common stock, pursuant to the designation of such Series
C Preferred Stock.  The conversions are in the sole discretion of
the Series C Preferred Stockholder.  The number of shares of common
stock due to the Series C Preferred Stock holder are subject to
increase and adjustment as the price of the Company's common stock
declines in value.

                       About Camber Energy

Based in Houston, Texas, Camber Energy -- http://www.camber.energy
-- is primarily engaged in the acquisition, development and sale of
crude oil, natural gas and natural gas liquids from various known
productive geological formations, including from the Hunton
formation in Lincoln, Logan, Payne and Okfuskee Counties, in
central Oklahoma; the Cline shale and upper Wolfberry shale in
Glasscock County, Texas; and Hutchinson County, Texas, in
connection with its Panhandle acquisition which closed in March
2018.

Camber Energy reported a net loss of $3.86 million for the year
ended March 31, 2020, compared to net income of $16.64 million for
the year ended March 31, 2019.  As of March 31, 2020, the Company
had $9.69 million in total assets, $2.07 million in total
liabilities, $5 million in temporary equity, and $2.62 million in
total stockholders' equity.

Marcum LLP, in Houston, Texas, the Company's auditor since 2015,
issued a "going concern" qualification in its report dated
June 29, 2020, citing that the Company has incurred significant
losses from operations and had an accumulated deficit as of March
31, 2020 and 2019.  These factors raise substantial doubt about its
ability to continue as a going concern.


CARBO CERAMICS: Court Approves Disclosure Statement
---------------------------------------------------
On April 29, 2020, Carbo Ceramics Inc., et al., filed a First
Amended Joint Chapter 11 Plan of Reorganization and a corresponding
First Amended Disclosure Statement.

Judge Marvin Isgur has ordered that the relief set forth in the
Conditional Disclosure Statement Order of Carbo Ceramics Inc., et
al. is approved in all respects on a final basis.

The Disclosure Statement (a) contains "adequate information" (as
such term is defined in section 1125(a)(1) of the Bankruptcy Code)
and (b) is approved in all respects on a final basis.

                     About CARBO Ceramics

CARBO Ceramics Inc. -- https://carboceramics.com/ -- is a global
technology company providing products and services to the oil and
gas, industrial, and environmental markets. CARBO offers oilfield
ceramic technology products, base ceramic proppant, and frac sand
proppant for use in the hydraulic fracturing of oil and natural gas
wells.

Asset Guard Products Inc., a subsidiary of CARBO, offers products
intended to protect operators' assets, minimize environmental
risks, and lower lease operating expenses through spill prevention,
containment, and countermeasure systems for the oil and gas
industry.  

StrataGen, Inc., another subsidiary, offers fracture consulting and
data services and provides a suite of stimulation software
solutions used for designing fracture treatments and for on-site
real-time analysis to assist E&P companies in the efficient
completion of wells and enhancement of oil and natural gas
production.

CARBO Ceramics Inc. and its subsidiaries sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No.
20-31973) on March 29, 2020.  At the time of the filing, the
Debtors were estimated to have assets of between $100 million and
$500 million and liabilities of the same range.

Judge Marvin Isgur oversees the cases.  

The Debtors tapped Vinson & Elkins LLP as bankruptcy counsel; Okin
Adams LLP as special counsel; Perella Weinberg Partners L.P. and
Tudor Pickering, Holt & Co. as investment banker; FTI Consulting,
Inc. as financial advisor; Ernst & Young LLP, KPMG LLP, and Weaver
and Tidwell L.L.P. as accountants and tax advisors.  Prime Clerk,
the claims agent, maintains this website
https://dm.epiq11.com/case/crc/info

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on April 14, 2020.  The committee is represented by Foley
& Lardner LLP.  GlassRatner Advisory & Capital Group, LLC is the
committee's financial advisor.


CARPENTER'S ROOFING: Disclosure Hearing Continued to August 25
--------------------------------------------------------------
Judge Mindy A. Mora has entered an order within which the continued
hearing to consider approval of Disclosure Statement filed by
Debtor Carpenter's Roofing & Sheet Metal, Inc. will be held on
August 25, 2020, at 2:30 p.m. at the United States Bankruptcy
Court, 1515 N. Flagler Drive, Courtroom A, West Palm Beach, FL
33401.

A copy of the order dated June 18, 2020, is available at
https://tinyurl.com/y87fja7u from PacerMonitor.com at no charge.

The Debtor is represented by:

          Craig I. Kelley, Esquire
          KELLEY, FULTON & KAPLAN, P.L.
          1665 Palm Beach Lakes Blvd
          The Forum - Suite 1000
          West Palm Beach, FL 33401
          Tel: (561) 491-1200
          Fax: (561) 684-3773
          E-mail: craig@kelleylawoffice.com

                    About Carpenter's Roofing

Carpenter's Roofing & Sheet Metal,
Inc.--https://carpentersroofing.com/ -- is a roofing contractor
headquartered in West Palm Beach, Fla.  It was founded in 1931 by
Howard Carpenter.

Carpenter's Roofing & Sheet Metal sought protection under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-24798) on
Nov. 29, 2018.  At the time of the filing, Debtor disclosed
$1,040,593 in assets and $1,838,038 in liabilities.  

The case is assigned to Judge Mindy A. Mora.  

The Debtor hired Kelley & Fulton, PL, as its legal counsel, and
Rinehimerbaker LLC as its accountant.


CASCADES OF GROVELAND: To Pay PC Services' Lot Allocation in 5 Yrs
------------------------------------------------------------------
PC Services, LLC, filed the Amended Disclosure Statement about the
Plan of Reorganization for Debtor The Cascades of Groveland
Homeowners’ Association, Inc. dated June 18, 2020.

Class 9 – PC Services, LLC. On or before the Election Deadline,
each of the 1,145 Homeowners shall select one of three payment
options to satisfy the $5,181.15 Lot Allocation:

   * Option 1 - One-time Effective Date cash payment with 27%
discount.  Each Homeowner electing Option 1 shall pay to Cascades
$3,782 on or before 10 calendar days after the Effective Date of
the Chapter 11 Plan in full satisfaction of the $5,181 Lot
Allocation, representing a $1,399 discount on the Lot Allocation
for each Homeowner.

   * Option 2 - 15% discount and payment plan.  Each Homeowner
electing Option 2 will receive a 15% discount on the $5,181 Lot
Allocation representing a $777.17 discount on the Lot Allocation
resulting in a reduced Lot Allocation totaling $4,404.

* Option 3 – Interest only payment plan with no discount (Default
Option).  Each Homeowner electing Option 3 will pay interest only
payments to Cascades based on the $5,181 Lot Allocation at the same
interest rate and term length applicable to Option 2, for a total
monthly payment of $23.75.

At the conclusion of the 60-month term, for each lot, Cascades
shall pay PC Services all $5,181 Lot Allocation(s) and Option 2
Balloon Payment(s).  PC Services will further have the right to
offer discounts to Cascades at any time for pre-payment of any
amounts by any Homeowner or in connection with any lot.

Cascades will pay PC Services on account of Option 2 and Option 3
notwithstanding any default or continuing defaults in any monthly
payment, Lot Allocation, or Option 2 Balloon Payment by any
Homeowner under Option 2 or 3.

A full-text copy of the Amended Disclosure Statement dated June 18,
2020, is available at https://tinyurl.com/yctbe68g from
PacerMonitor.com at no charge.

Attorney for PC Services:

        BAKER HOSTETLER, LLP
        200 S. Orange Ave., Suite 2300
        Orlando, FL 32801
        Phone: (407) 649-4079
        E-mail: tpayneger@bakerlaw.com

The Debtor is represented by:

        Michael A. Nardella, Esq.
        Nardella & Nardella, PLLC
        135 W. Central Blvd., Suite 102
        Orlando, FL 32801
        Tel: (407) 966-2680
        E-mail: mnardella@nardellalaw.com
                service@nardellalaw.com

                About The Cascades of Groveland
                   Homeowners' Association

The Cascades of Groveland Homeowners' Association, Inc., is a
non-profit homeowner's association operating under Chapter 720,
Florida Statute's. The Association's homeowners constitute a
community known as "Trilogy Orlando" located in Groveland,
Florida.

The Association sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-04077) on June 21,
2019.  In the petition signed by Brian Feeney, president, the
Debtor estimated assets of between $1 million to $10 million and
liabilities of the same range.  Michael A. Nardella, Esq. at
Nardella & Nardella, PLLC serves as the Association's bankruptcy
counsel. Weiss Serota Helfman Cole & Bierman, P.L., is serving as
special appellate counsel, and Becker & Poliakoff, P.A., is special
association counsel.


CATSKILL DISTILLING: Taps Saffioti & Anderson as Special Counsel
----------------------------------------------------------------
Catskill Distilling Co., Ltd. seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Saffioti & Anderson as its special counsel.

Saffioti & Anderson will provide legal services in connection with
the sale of Debtor's assets.  The firm will be paid at the rate of
$375 per hour.

Michelle Anderson, Esq., a partner at Saffioti & Anderson,
disclosed in court filings that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:
     
     Michelle Anderson, Esq.
     Saffioti & Anderson
     5031 Route 9W, Suite 1
     Newburgh, NY 12550
     Telephone: (845) 562-3500
     Facsimile: (555) 555-5555
     Email: info@saffiotianderson.com

                     About Catskill Distilling

Catskill Distilling Company, Ltd., is a distillery in Bethel, N.Y.,
owned and run by Stacy Cohen.

Catskill Distilling Company filed a petition under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 19-36861) on Nov. 19,
2019. The petition was signed by Catskill President Stacy Cohen.
At the time of the filing, Debtor was estimated to have $1 million
to $10 million in both assets and liabilities.  Judge Cecelia G.
Morris oversees the case.

Debtor has tapped Genova & Malin, as its legal counsel and Saffioti
& Anderson as its special counsel.


CENTER OF ORLANDO: Unsecureds to Split $50K in Plan
---------------------------------------------------
Center of Orlando for Women, LLC, has prepared and is disseminating
a Chapter 11 Plan and a Disclosure Statement.

In summary, the Plan contemplates the emergence of a Reorganized
Debtor through the continued operation of the business.

Class 1 General Unsecured Claims are Impaired.  The liquidation
value or amount that unsecured creditors would receive in a
hypothetical chapter 7 case is approximately $0.00.  Accordingly,
the Debtor proposes to pay unsecured creditors a pro rata portion
of the Unsecured Pot. Commencing on the Effective Date, payments
toward the Unsecured Pot will be made in 12 equal quarterly
payments in the amount of $4,166.67 each, for a total of $50,000.
Payments will continue until the Unsecured Pot or 100% of all Class
1 Claims are paid in full, whichever is less.

The membership interests in Center of Orlando for Women, LLC, in
Class 2 are impaired.  Holders of Class 2 interests will retain
their full equity interest in the same amounts, percentages, manner
and structure as existed on the Petition Date, contingent on
payment of New Value sufficient to cover any revenue shortfalls
during the life of the Plan.

The Plan contemplates that the Reorganized Debtor will continue to
operate the Debtor's business. The Reorganized Debtor believes the
cash flow generated from the continued operation of the Debtor's
business will be sufficient to meet the operating needs and Plan
Payments.

A full-text copy of the Disclosure Statement dated June 15, 2020,
is available at https://tinyurl.com/y8s9pxvr from PacerMonitor.com
at no charge.

Counsel for the Debtor:

     Jeffrey S. Ainsworth, Esquire
     BransonLaw, PLLC
     1501 East Concord Street
     Orlando, Florida 32803
     Telephone: (407) 894-6834
     Facsimile: (407) 894-8559
     E-mail: jeff@bransonlaw.com

                About Center of Orlando for Women

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

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


CENTRAL BASIN MUNICIPAL WATER: S&P Cuts Debt Ratings to 'CCC'
-------------------------------------------------------------
S&P Global Ratings lowered its long-term rating and underlying
rating (SPUR) to 'CCC' from 'BBB+' on Central Basin Municipal Water
District, Calif.'s existing senior-lien revenue certificates of
participation (COPs). At the same time, S&P also lowered its rating
to 'CCC' from 'BBB' on the district's subordinate-lien series 2018A
and 2018B refunding revenue bonds (2018 bonds). In addition, S&P
placed the ratings on CreditWatch with developing implications.

An obligation rated 'CCC' 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. In the event of adverse business, financial, or
economic conditions, the obligor is not likely to have the capacity
to meet its financial commitment on the obligation in the near
future.

"The downgrade reflects our opinion of governance risks resulting
from a deadlocked board and political discord among board members
that has prevented adoption of the fiscal 2021 budget as well as
continuation of a stable revenue source (the district's standby
charge), which it has levied since 1991," said S&P Global Ratings
credit analyst Malcolm D'Silva.

Failure to approve the standby charge would reduce the district's
annual revenues by approximately $3.3 million and negatively affect
the district's financial profile, making it vulnerable to
defaulting on debt service because expenses will meaningfully
exceed revenues in the near future. Although the district exhibits
significant liquidity (including a debt service reserve fund, or
DSRF), management projects that the continuing inability to adopt a
budget, adjust rates or implement a standby charge to realign
revenues and expenses, will likely exhaust liquidity reserves by
August 2021 and render the district unable to service its debt
obligations. Management had previously represented to S&P Global
that the board had established financial policies to safeguard the
district's long-term financial viability and not impede its ability
to effectively function as a going concern. Because of this, S&P
maintained the rating at 'BBB+' (senior-lien) and 'BBB'
(subordinate-lien) in Nov. 2018. However, the above-mentioned
factors including proposed legislation that would potentially place
the district in receivership have led in its view to the
significant weakening of credit quality.



CHILDREN’S PLACE: To Shutter 300 More Stores
----------------------------------------------
Sandipan Kundu, writing for Hiptoro, reports that the Children's
Place, one of the most beloved children's store since 1969 plans to
close hundreds of store locations in the coming months. On a June
11 earnings call, CEO Jane Elfers said the retailer would be
shuttering "an additional 300 stores, dramatically reducing our
reliance on our brick and mortar channel."

This decision is taken to fight the recent global health crisis.

Jane Elfers also cited  "continued level of uncertainty in the
current business environment," due to stay-at-home orders, as one
reason store closures are accelerating.

The multi-phase plan is to close approximately 200 store locations
in fiscal 2020, and approximately 100 store locations in fiscal
2021.  By the end of 2021, the retailer plans to have closed a
total of 625 store locations.

Many fans of the store expressed their concern on various social
media platforms.

"I hope they don't close completely!" one person commented on a
Facebook news post. "I order so much online and get such good
deals!"

Although, this is not the first time The Children's Place has taken
a step like this.  Previously, it has weathered some rocky years in
the past and has even made headlines for store closures before.

"We've dramatically slowed down openings, accelerated store
closures in low-quality centers, and significantly shorten lease
term to allow for maximum flexibility within the portfolio," Elfers
added.

The retailer famously filed for Chapter 11 bankruptcy and shuttered
more than 800 stores of its own in January 2019. 2020 hast become a
record-breaking year for retail store closings across the US.
However, by early 2020, the rights to the Gymboree brand had been
bought by The Children's Place, and it was launching eight new
collections in TCP locations nationwide.

"Gymboree was successfully built on capturing the essence of
childhood in its product design," Senior Vice President of Design
and Brand Creative Jennifer Groves added in a press release.

According to Chief Financial Officer Mike Scarpa, liquidation sales
will reportedly begin in 50 stores within the next six weeks.

"We expect that a good portion of them will open and liquidate and
then will close, depending on the inventories that are left in the
store," Scarpa said.

                 About The Children's Place

The Children's Place Retail Stores, Inc. is a specialty retailer of
children's merchandise under its own The Children's Place and
licensed Disney Store brand names.  The Company is based in
Secaucus, N.J.


CHINESEINVESTORS.COM: Files for Chapter 11 to Cut Debt
------------------------------------------------------
ChineseInvestors.com, Inc. (OTCQB: CIIX)  an established financial
news and investment portal, and a leading industrial hemp retailer
for the Chinese-speaking community, announced that it has commenced
a voluntary restructuring under Chapter 11 of the U.S. Bankruptcy
Code in the U.S. Bankruptcy Court for the Central District of
California.  The Chapter 11 filing provides immediate protection to
the Company, which allows the Company to reorganize its debts
during this time of financial strain.  The Company will continue to
operate in the ordinary course of business as it pursues approval
of the restructuring plan.

The Company Continues to Operate as Usual Serving its Clients

"This restructuring is a necessary and positive step forward for
the business;" says CEO Warren Wang.  Wang continued,
"ChineseInvestors.com, Inc. remains a strong operating company and
we are making every effort to ensure that the Company is able to
operate as usual throughout this process. We are privileged to
serve the global Chinese community and are committed to continuing
to provide up-to-date investment news, information and education to
our loyal subscribers and top-notch service to our investor
relations clients seeking exposure in the Chinese speaking
investment community. We are extremely grateful to all of our
stakeholders, subscribers, vendors, investors, and employees who
have contributed to our legacy, 20 years in the making. We look
forward to the continued success long into the future."

Strong Earnings and Revenue Momentum Despite Global Challenges

In the past year the global economy has been affected by
geopolitical tensions between the US and China, and the recent
COVID-19 pandemic.  With offices in both the US and China, the
Company felt the effects of both of these challenges. Although the
global economy is slowly opening up in recent weeks, during most of
2020, the world's population was quarantined to their home
necessarily. Most Americans will continue to work from home through
the end of 2020, or even indefinitely. As a result of the majority
of the world being homebound, for many months there has been a
significant increase in online investing. With this in mind, the
Company's management pivoted and seized the opportunity for more
focused engagement with its audience. This change in the investment
environment, coupled with Mr. Wang's unique ability to engage the
Chinese speaking investment community, has led to record
subscription revenues in recent months.

Taking Action to Reorganize its Capital Structure

As part of its restructuring plan, the Company has identified more
efficient ways to monetize its revenue streams by turning to
YouTube and other social media outlets, allowing it to reach a
large Chinese audience and generate significant revenues with
little to no advertising costs.

Moreover, in an effort to stabilize operating cash flow, prior to
implementing this digital programming, in 2019, the Company had
begun scaling down its labor force significantly for both its
cryptocurrency and industrial hemp lines, which in turn led to
downsizing the Company's physical office presence, and to refocus
its business and marketing plans.

Reducing the Company's Current Debt through the Chapter 11 Process
will Position the Company for Future Success

Although the Company has made a significant upturn in subscription
revenues in the past few months by strategically refocusing its
marketing and pursuing cost-cutting measures, after extensive
evaluation and consultation with its financial and legal advisors,
the Company has determined that reorganizing the Company's debt
structure is essential to its future success. Restructuring through
Chapter 11 will enable the Company to reduce its debt and interest
expense, while providing increased financial flexibility to support
ongoing operations. Although the Company is not at present in a
position to repay its outstanding debt, by converting its existing
debt to equity, shareholders will be in a position to participate
in the continued growth of the public Company as we reorganize,
recover and prosper. Going forward, the Company is committed to
seeking out more innovative and cost-efficient opportunities to
reach its intended audience, grow its customer base and maximize
profits.

First Day Motions

As part of the reorganization process, the Company will file
customary "First Day" motions, which should allow it to maintain
operations in the ordinary course. Again, the Company intends to
continue to provide the same quality news, information, education
and investor relations services without interruption; to pay
vendors and suppliers under customary terms for services received
on or after the filing date, and to pay its employees in the usual
manner and to continue their primary benefits without disruption.

                   About Chineseinvestors.com

Chineseinvestors.com, Inc. was established as an 'in language'
(Chinese) financial information web portal that provides
information about US Equity and Financial Markets, as well as other
financial markets.

Chineseinvestors.com, Inc., filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No.
20-15501) on June 18, 2020. In the petition signed by Wei Warren
Wang, CEO, the Debtor disclosed $2,655,736 in assets and
$11,574,081 in liabilities.  Rachel M. Sposato, Esq., at THE HINDS
LAW GROUP, is the Debtor's counsel.


CHINOS HOLDINGS: Deloitte Objects to Disclosure Statement
---------------------------------------------------------
Deloitte Consulting LLP and Deloitte Tax LLP objects to approval of
the disclosure statement in connection with their Joint Prearranged
Chapter 11 Plan of Reorganization of Chinos Holdings, Inc. and its
Affiliated Debtors.

In support of its Objection, Deloitte states that:

  * There is no disclosure regarding how the proposed recoveries
for Classes 6-A and 6-B were formulated. The small amount of
funding afforded to Class 6-B does not appear to be
“comparable” to the consideration being proposed for Class 6-A.


  * Disclosure is also required regarding the classification of the
Term Loan Deficiency Claims in Class 6-B. The Debtors should
disclose, among other things, (i) why this classification is
appropriate and (ii) the anticipated impact to that class of
permitting the Term Lenders to vote those claims.

  * The Plan is premised on a valuation indicating that the
Debtors' unsecured creditors are out of the money.  The valuation
disclosures lack key information that would enable creditors to
test the valuation.

  * Additional disclosure is required regarding the Debtors'
restructuring efforts and alternatives to the Plan, particularly
since the outbreak of COVID-19.

  * The Disclosure Statement supports a plan that is facially
flawed and should not be confirmed.  Accordingly, the Disclosure
Statement should not be approved.

A full-text copy of Deloitte's objection dated June 18, 2020, is
available at https://tinyurl.com/yaxzogn5 from PacerMonitor.com at
no charge.

Counsel to Deloitte:

         John D. Taliaferro
         LOEB & LOEB LLP
         901 New York Avenue NW
         Washington D.C. 20001
         Telephone: (202) 618-5000
         E-mail: jtaliaferro@loeb.com

               - and -

         P. Gregory Schwed
         Daniel B. Besikof
         Noah Weingarten
         LOEB & LOEB LLP
         345 Park Avenue
         New York, New York 10154
         Telephone: (212) 407-4000
         E-mail: gschwed@loeb.com
                 dbesikof@loeb.com
                 nweingarten@loeb.com

                      About Chinos Holdings

Chinos Holdings, Inc., designs apparels, offering clothing for men,
women and children, as well as accessories.  Chinos Holdings serves
customers worldwide.

Chinos Holdings, Inc. and its affiliates, including J.Crew Group,
Inc., sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. E.D. Va. Lead Case No. 20-32181) on May 4, 2020.  

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

Judge Keith L. Phillips oversees the cases.

The Debtors tapped Weil, Gotshal & Manges, LLP as bankruptcy
counsel; Hunton Andrews Kurth, LLP as local counsel; Lazard Freres
& Co. LLC; Alixpartners, LLP as financial advisor; Hilco Real
Estate, LLC as real estate advisor; KPMG LLP as tax consultant; and
Omni Agent Solutions, LLC as claims, noticing and solicitation
agent and as administrative advisor.

The Official Committee of Unsecured Creditors appointed to the
Debtors' Chapter 11 cases tapped Pachulski Stang Ziehl & Jones LLP
as its counsel; Hirschler Fleischer, P.C. as local counsel; and
Province, Inc. as financial advisor.


CINEMEX USA: Committee Hires FTI Consulting as Financial Advisor
----------------------------------------------------------------
The official committee of unsecured creditors of Cinemex USA Real
Estate Holdings, Inc. and its affiliates seeks approval from the
U.S. Bankruptcy Court for the Southern District of Florida to
retain FTI Consulting, Inc. as its financial advisor.

The firm will provide the following services:

  -- assist the committee in reviewing financial disclosures
required by the court, including Debtors' schedules of assets and
liabilities, statement of financial affairs and monthly operating
reports;

  -- assist in the preparation of analyses required to assess
debtor-in-possession financing;

  -- assess and monitor Debtors' short term cash flow, liquidity
and operating results;

  -- review key employee retention program and other employee
benefit programs;

  -- review Debtors' analysis of their core business assets and the
potential disposition or liquidation of non-core assets;

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

  -- review Debtors'identification of potential cost savings,
including overhead and operating expense reductions and efficiency
improvements;

  -- assist in the review and monitoring of any proposed asset sale
process;

  -- review tax-related issues;

  -- review claims reconciliation and estimation process;

  -- review other financial information prepared by Debtors;

  -- attend meetings and assist in discussions;

  -- review or prepare information and analysis necessary for the
confirmation of a Chapter 11 plan and related disclosure statement;


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

  -- prepare legal papers.

FTI will be paid at hourly rates as follows:

     Senior Managing Directors         $920 - $1,295
     Directors/Senior Directors/
        Managing Directors             $690 - $905
     Consultants/Senior Consultants    $370 - $660
     Administrative/Paraprofessionals/
       Summer Consultant               $150 - $280

Amir Agam, senior managing director at FTI, disclosed in court
filings that the firm neither holds nor represents any interest
adverse to Debtors' bankruptcy estates.

The firm can be reached through:

     Amir Agam
     FTI Consulting, Inc.
     Suite 3500, 1301 McKinney Street
     Houston, TX, 77010
     Tel: +1 832 667 5160
     Fax: +1 713 353 5459
     Email: amir.agam@fticonsulting.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 of unsecured
creditors.  The committee is represented by Pachulski Stang Ziehl &
Jones, LLP and Berger Singerman, LLP.


CLARE OAKS: Bondholders Lapis and Amundi Propose Plan
-----------------------------------------------------
The majority bondholders for the Clare Oaks retirement community in
June shared their plans to keep residents in their homes and
protect the senior citizens' financial investments in the
continuing care retirement community. Clare Oaks filed for
bankruptcy in 2019, the second time they have taken such an
action.

Certain funds managed by Lapis Advisers, LP and Amundi Pioneer
Asset Management, Inc., filed a chapter 11 plan of reorganization
in US Bankruptcy Court for the Northern District of Illinois,
Eastern Division to restructure the financially challenged Clare
Oaks community. They laid out their restructuring plan (the
Bondholders Plan) for the continued operation of Clare Oaks with
minimal disruption to the residents. Equally important, the
Bondholders Plan, according to court documents "repositions Clare
Oaks on a solid path of financial stability and future growth" and
according to the majority bondholders, is the only feasible plan
that can accomplish that goal. The Bondholders Plan and all filings
are available at https://case.stretto.com/clareoaks.

Highlights of the Bondholders Plan are as follows:

  * Invest $5 million for critical capital improvements to the
community including the healthcare center.

  * Bring in professional management with a proven record of
success operating similar communities.

  * Restructure the bondholders' secure debt by reducing the
principal amount by over $32 million.

  * Substantially eliminate the current "queue based" entrance fee
refund contract for the "unit sale" entrance fee contract, which is
an industry best practice.

The additional funds will be used for important health and life
safety improvements at Clare Oaks. They will also help to convert
half of Clare Oaks' underutilized skilled nursing beds into more
desired assisted living units. These units will meet community
needs and improve the financial outlook for Clare Oaks.

The Bondholders Plan will bring in an independent professional
management company.  The chosen firm will have experience acquiring
and managing financially challenged senior living communities such
as Clare Oaks.

"We are excited to bring about a successful management change for
Clare Oaks and its residents.  We believe in this non-profit
community and intend to invest substantial additional funds," said
Kjerstin Hatch, a principal with Lapis Advisers, LP. "We are
disappointed that current management has chosen to put forth
misleading and inflammatory statements with regards to our
restructuring plan and encourage all constituents to read our
disclosure statement and plan once it has been approved by the
judge for dissemination."

Lapis has a successful track record of turning around
underperforming continuing care retirement communities and will
select a management company which demonstrates the same type of
success. Lapis wants to insure that the current residents live with
substantially the same or better contract terms and services after
bankruptcy and never have to go through this process again.

Not only does the Bondholders Plan provide for financial stability
at Clare Oaks, it also proposes only one modification to the
residency agreement for consenting independent living residents. It
will guarantee that when an independent living resident leaves
their unit, even if they stay at the community through a higher
level of care, he or she will receive their refund once a new
resident pays an entrance fee and occupies that unit. This one
modification to residency agreements is considered best practice
and is consistent with the practice of the majority of continuing
care retirement communities offering an entrance fee model.

                      About Clare Oaks

Clare Oaks -- https://www.clareoaks.com/ -- is a not-for-profit
corporation that operates a continuing care retirement community.
Its facilities and services include independent living, assisted
living, skilled nursing, rehabilitation, and memory care services.

Clare Oaks sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ill. Case No. 19-16708) on June 11, 2019. It
previously sought bankruptcy protection (Bankr. N.D. Ill. Case No.
11-48903) on Dec. 5, 2011.

At the time of the filing, the Debtor estimated assets of between
$10 million and $50 million and liabilities of between $100 million
and $500 million.  

Judge Donald R. Cassling oversees the case.

The Debtor tapped Polsinelli PC as legal counsel; Solic Capital
Advisors LLC as financial advisor; and Stretto LLC as claims and
balloting agent and as administrative advisor.

The Office of the U.S. Trustee appointed creditors to serve on the
official committee of unsecured creditors on June 28, 2019. The
committee tapped Perkins Coie, LLP as its legal counsel.


CYNTHIA NURSE-KEIZER: Falby Buying Brooklyn Property for $2.3M
--------------------------------------------------------------
Cynthia Elnora Nurse-Keizer asks the U.S. Bankruptcy Court for the
Eastern District of New York to authorize the sale of, and approve
the terms and conditions of sale of her real property, located at
584 Park Place, Brooklyn, New York to Wendell Falby for $2.3
million.

The Debtor is an individual, whose main asset is a two-family
brownstone in the coveted Park Slope section of Brooklyn, New York.
The Debtor and her husband purchased the property in 1994 as a
family home.  She and her immediate family exclusively occupied the
house.  In about 2002, Yvonne Victory, her sister, moved into the
finished basement of the premises and agreed to pay $500 per month
for rent.  

In 2006, the Debtor encountered financial difficulties, causing her
to miss mortgage payments, which eventually led to a foreclosure
action against her. To assist the Debtor through her financial
strife, Victory agreed to refinance the property in her name to
satisfy the delinquent mortgage.

To effectuate the refinance, in November 2006, the Debtor's
husband, Leon Keizer, and the Debtor conveyed their interest in the
Subject Property to Victory with the understanding that Victory
would reconvey the property back to the Debtor when her financial
circumstances improved.  As such, Victory did not provide any
consideration for the transfer and executed a power of attorney
granting Mr. Keizer full authority to act on her behalf in all
matters related to the Subject Property.  The authority included
re-conveying the property to the Debtor; and paying all expenses,
including, but limited to the new mortgage payments, taxes,
insurance, water and maintenance fees.  Victory was only
responsible for her $500 monthly rental payments.

On Jan. 14, 2014, Mr. Keizer used the authority granted to him
through the power of attorney to convey the property back to the
Debtor but left Victory with a 1% ownership interest since the note
and mortgage issued to her had not yet been satisfied.  The Debtor
currently owes $1,457,530 -- the first mortgage being $1,091,117
held by Deutsche Bank and the second mortgages of $366,413,
currently held by Empire Community Development, LLC, and serviced
by SN Servicing Corp. The total arrears on both mortgages are
$530,850 ($333,830 and $197,021, respectively), while the Debtor's
monthly payments total $6,540 ($4,840 and $1,700, respectively).
The Debtor is currently delinquent on these payments.

Accordingly, the Debtor asks to sell the property.  She has
accepted an offer of $2.3 million, contingent on the Court's
approval.  The Debtor believes that it is the best offer that she
will receive in the market.

The Debtor's expenses, in the total amount of $1,570,562, are as
follows:

      Secured Creditor          Total Owed

      Ally Financial                  $600
     Empire Community             $366,413
      Deutsche Bank             $1,091,117

      Administrative              $100,000

   Unsecured Creditors

      DIRECTV, LLC                    $939
  T Mobile/T-Mobile USA             $1,030
       Capital One                    $886
     National Grid                    $939
   LVNV Funding, LLC                $1,810
  Consolidated Edison Co.             
      of New York                     $827

  Victory Disputed 1% Interest      $6,000

All interested secured parties will likely consent to a sale of the
property free and clear because a sale will satisfy their interest.
Yvonne Victory's 1% interest is in dispute and should therefore
not be an impediment to a free and clear sale of the Subject
Property.  Indeed, Victory has had ample to time to litigate her
interest in the property but has failed to prosecute.
In addition, Victory’s full interest can be satisfied by a
monetary disbursement.

Upon the Court's entry of an Order to sell the Subject Property,
the Debtor will file a Notice of Sale with the Court and served on
the Office of the United States Trustee, all known creditors of the
Debtor, and all known parties with an interest in the Debtor's
Property, including Yvonne Victory.  

A hearing on the Motion is set for July 23, 2020 at 10:00 a.m.
Objections, if any, must be filed five days prior to the return
date of the Motion.

A copy of the Agreement is available at
https://tinyurl.com/y985t5mz from PacerMonitor.com free of charge.

Counsel for Debtor:

         Nnenna Onua, Esq.
         MCKINLEY ONUA & ASSOCIATES, PLLC
         26 Court Street, Suite 300
         Brooklyn, NY 11242
         Telephone: (718) 522-0236
         Facsimile: (718) 701-8309

              About Cynthia Elnora Nurse-Keizer

On Nov. 29, 2017, Cynthia Elnora Nurse-Keizer commenced the matter
under Chapter 7 of the Bankruptcy Code.  On March 11, 2019, the
case was to converted to a Chapter 11 case (Bankr. E.D.N.Y. Case
No. 17-46369).


DEAN FOODS: Dairy Farmers Seeks to Toss Food Lion Suit
------------------------------------------------------
Law360 reports that the Dairy Farmers of America has urged a North
Carolina federal court to toss a lawsuit from Food Lion LLC
challenging a slice of the cooperative's recent purchase of assets
from bankrupt milk producer Dean Foods, calling the case too
speculative to stand.

Food Lion and another dairy co-op filed the suit in May, seeking to
undo Dairy Farmers of America's purchase of three milk processing
facilities in North and South Carolina as part of a broader $433
million Dean Foods deal that had previously been approved by the
U.S. Department of Justice's Antitrust Division.

                   About Southern Foods Group

Southern Foods Group, LLC, d/b/a Dean Foods, is a food and beverage
company and a processor and direct-to-store distributor of fresh
fluid milk and other dairy and dairy case products in the United
States.

The Company and its 40+ affiliates filed for bankruptcy protection
on Nov. 12, 2019 (Bankr. S.D. Texas, Lead Case No. 19-36313).  The
petitions were signed by Gary Rahlfs, senior vice president and
chief financial officer.  Dean Foods was estimated to have assets
and liabilities of $1 billion to $10 billion as of the bankruptcy
filing.

Judge David Jones oversees the cases.

David Polk & Wardell LLP serves as general bankruptcy counsel to
the Debtors, and Norton Rose Fulbright US LLP serves as local
counsel.  Alvarez Marsal is financial advisor to the Debtors,
Evercore Group LLC is investment banker, and Epiq Corporate
Restructuring LLC is notice and claims agent.


DELTA AIR LINES: S&P Affirms 'BB' ICR Despite Steep Demand Decline
------------------------------------------------------------------
S&P Global Ratings affirmed Delta Air Lines Inc.'s issuer credit
rating at 'BB' and removed it from CreditWatch, where the rating
agency placed it with negative implications on March 13, 2020. S&P
also affirmed the secured debt rating at 'BBB-'. The '1' recovery
rating is unchanged. S&P lowered its rating on Delta's senior
unsecured debt to 'BB-' from 'BB' and revised the recovery rating
to '5' from '4', reflecting a greater amount of secured debt in its
capital structure.

Rating Action Rationale

S&P expects Delta to generate a substantial cash flow deficit in
2020 due to the pandemic, but to return to positive cash flow
generation in 2021.  While the company is reducing capacity and
some associated costs, and benefits from the steep decline in oil
prices, S&P expects this will be more than offset by much weaker
traffic and revenues. Passenger traffic has begun to recover, but
from very low levels and with setbacks as the virus rebounds in
certain parts of the U.S. Still, S&P sees a slow, uneven recovery
continuing into 2021. S&P expects the company to generate adjusted
negative EBITDA of around $100 million in 2020 compared with
positive EBITDA of $10 billion in 2019, and to return to positive
EBITDA in 2021 of around $6 billion." These levels are better than
those of other U.S. network airlines due to the company's cost
reductions (including voluntary retirements or furloughs of
employees). Its daily cash burn averaged $43 million for the second
quarter of 2020, with an average of $27 million for the month of
June, a 70% decline from late March 2020. The company has indicated
it expects to reach cash breakeven by the end of 2020. Given the
course of the COVID-19 pandemic, this prospect is subject to even
more uncertainty than is typical for airlines.

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

-- Health and safety

Outlook

S&P expects Delta's operating performance and liquidity to remain
weak in 2020 as airline passenger traffic keeps declining due to
COVID-19, with some recovery expected in 2021, resulting in funds
from operations (FFO) to debt improving to close to 20%

Downside Scenario

S&P could lower the rating over the next 12 months if it believes
the recovery will be more prolonged or weaker than its base-case
scenario, resulting in continued high cash burn and FFO to debt
remaining below the mid-teens percent area in 2021. S&P could also
lower the rating if the company's liquidity weakens.

Upside Scenario

Although unlikely in 2020, S&P could revise the outlook to stable
if the recovery in airline passenger traffic is stronger than its
base-case scenario, resulting in positive earnings and cash flow
and FFO to debt around 20% in 2021.


DEPENDABLE BUILDING: Status Hearing Continued to July 30
--------------------------------------------------------
Judge Deborah L. Thorne has ordered that the First Amended Plan of
Reorganization and First Amended Disclosure Statement be, and are,
withdrawn by Dependable Building Services, Inc.

The Debtor is given leave to file its Second Amended Plan of
Reorganization and Second Amended Disclosure Statement on or before
July 22, 2020.

The status hearing is continued to July 30, 2020, at 9:30 a.m.

The Debtor's counsel:

     Joel A. Schechter
     53 West Jackson Blvd., Suite 1522
     Chicago, IL 60604
     Tel: 312-332-0267

              About Dependable Building Services

Founded in 1992, Dependable Building Services, Inc. --
http://www.dependablebuildingservices.com/-- is a commercial
contractor that performs HVAC, electrical, fire suppression, and
generator service and construction. It serves commercial, retail,
industrial and telecom industries.  

Dependable Building Services previously filed a Chapter 11 petition
(Bankr. N.D. Ill. Case No. 17-24129) on Aug. 11, 2017.

Dependable Building Services again sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 19-19772) on
July 15, 2019.  At the time of the filing, the Debtor was estimated
to have assets of between $100,000 and $500,000 and liabilities of
between $1 million and $10 million.  Judge Deborah L. Thorne
presides over the present case.  The Law Offices of Joel A.
Schechter is the Debtor's counsel.


DIAMOND RESORTS: S&P Affirms 'CCC+' ICR on Adequate Liquidity
-------------------------------------------------------------
S&P Global Ratings affirmed the 'CCC+' issuer credit rating on
Diamond Resorts International Inc. S&P also assigned its 'B-'
issue-level rating and '2' recovery rating to the proposed senior
secured notes due 2026, and affirmed all other issue-level
ratings.

"We view the planned repurchases of existing debt as opportunistic
treasury management rather than distressed transactions, therefore
we have not lowered ratings," S&P said.   

Diamond plans to tender a portion of the first-lien secured notes
for a price of 100.25%, as well as potentially a portion of the
term loan B at a price of 93% to the extent the first-lien secured
notes repurchase amount is less than $450 million. Notwithstanding
significantly heightened risk implicit in the 'CCC+' issuer credit
rating, S&P does not view these transactions as tantamount to
defaults partly because the company has excess liquidity and the
maturities are still several years out in September 2023.
Additionally, Diamond will be purchasing the secured notes and term
loan B at a premium to recent trading prices of about 97% and 87%,
respectively, and that the discount to par under the notes is
minimal. For all of these reasons, S&P views the tender as
opportunistic rather than distressed or coercive.

"However, S&P reserves analytical judgment to assess any potential
future debt repurchases or tender offers as opportunistic or
distressed, based on the circumstances, terms, as well as the
company's financial risk, debts' time to maturity, and liquidity at
that point in time.

Despite S&P's forecast for very high leverage, the 'CCC+' rating
affirmation reflects adequate liquidity for at least 18 months that
could help Diamond to sustain operations until a recovery is
underway.  It is S&P's understanding that at the end of the second
quarter of 2020 Diamond had about $240 million of cash, $92 million
of revolver availability, and potential proceeds from unpledged
timeshare receivables of up to $61 million. Pro forma for the
proposed debt issuance that would add about $50 million of cash to
the balance sheet, liquidity would be $443 million. The company has
previously stated that average monthly net cash usage would be $19
million-$22 million in a low-revenue scenario in which only resort
management fees and financing income are generated. Therefore, the
company has sufficient runway for at least 18 months even in a
low-revenue scenario. Some sources of revenue are recurring or less
volatile, including consumer financing income and resort management
fees. Furthermore, S&P expects the company could generate some
level of timeshare contract sales through 2021 depending upon
recovery in the economy and travel, which would potentially
lengthen the liquidity runway. Diamond has unpledged timeshare
receivables that could provide an estimated $61 million of
liquidity, and the company has sufficient warehouse capacity (about
$744 million was available as of March 2020) to use such
receivables. The warehouse is typically an interim liquidity source
to make new consumer loans, and its potential usage for operating
expenses could reduce availability for the company to originate
consumer loans in the future."

Liquidity uses include cash operating expenses, inventory purchases
and capital expenditures, debt amortization, and interest expense.
Diamond has reduced a significant portion of cash outlays including
labor costs, sales and administrative costs, and capital
investments.

If successful, the proposed debt issuance would extend maturities
for a meaningful portion of Diamond's total corporate debt.
Currently, about $1.35 billion of corporate debt is due September
2023 and the transaction would extend maturities to 2026 for about
$450 million of the debt. Maturity extension mitigates potential
liquidity risk over the next few years, particularly if timeshare
demand or capital markets conditions remain volatile. An offsetting
risk factor is potentially relatively high interest cost on the
proposed debt, further burdening cash flow in an uncertain
operating environment.

Financial risk is heightened over the forecast period,
notwithstanding adequate liquidity.  Diamond ended 2019 and entered
the pandemic with captive-adjusted debt to EBITDA of 7.7x, which
S&P considers highly leveraged. In its base-case forecast, S&P's
measure of captive finance adjusted EBITDA will be very low and
leverage will be very high in 2020, potentially improving in 2021
but to a still unsustainable level of 10x-15x. In 2020, Diamond's
vacation interests sales and total revenue will probably drop
significantly due to a collapse in travel and timeshare demand,
reduced tour flow at sales centers, and low occupancy at resorts
for a period of time. S&P's updated assumption is for gross
vacation interests sales to decline 50% to 60% in 2020, driven by a
decline in tour flow. S&P assumes volume per guest (VPG) could vary
depending on how much Diamond reduces product prices to motivate
sales. However, VPG could rise if the sales mix is weighted toward
existing owners buying more points. The impact of lower vacation
interests sales in 2020 could be partially offset by consumer
financing income and resort management revenue, a portion of which
is recurring. In 2019, Diamond generated about 40% of its
consolidated revenue from these typically recurring sources. Based
on S&P's assumptions, total revenue could decline 30% to 40% in
2020. The company will likely experience margin deterioration from
fixed costs in the business, causing captive-adjusted EBITDA to
fall more steeply than revenue. It is S&P's understanding that
about one-third of the total cost structure is fixed.

Although increases in local infections and a weaker economy could
dampen resort occupancy and tour flow, S&P preliminarily assumes
resort properties and sales centers will continue to reopen through
the third quarter of 2020 in preparation for eventually higher
visitation. S&P's forecast relies heavily on a recovery in 2021
that, in its view, would need to begin in the second half of 2020
to be on track to achieve its projected level of 2021 EBITDA. If a
recovery begins in the second half of 2020, gross vacation
interests sales could rebound 40%-50% and leverage could plausibly
improve to the 10x-15x range in 2021. which could be in line with
the 'CCC+' rating, as long as liquidity is adequate and S&P expects
future deleveraging. If leverage improves in 2021, it would be
supported by sustained reductions to cash outflows that have been
recently implemented. These include furloughs that affected a
majority of workers, reductions of about 75% of sales personnel,
and lowered capital investments by about $60 million. Some
distressed real estate transactions or discounted repurchases of
timeshare inventory could be available over the next few years,
which may support margin recovery after 2020."

The captive finance subsidiary's financial risk will likely
increase through 2021, although it had moderate leverage entering
the COVID-19 crisis.   Diamond has experienced high default rates
historically, and default rates will probably be elevated in 2020
and 2021 and increase write-offs on delinquent vacation ownership
loans, which could result in a higher debt-to-equity ratio. Higher
default rates and financial risk at the captive could result in
more cash outlays by Diamond, to the extent the parent is compelled
to support the credit quality of securitized loans or it
opportunistically repurchases low-cost timeshare inventory
underlying the defaults.

Notwithstanding these risk factors, S&P believes Diamond's captive
can withstand near-term spikes in defaults. Diamond ended 2019 with
approximately 1.7x captive debt to equity, which is a moderate
level of financial risk. In the first quarter of 2020, Diamond made
a significant provision for anticipated loan losses through the end
of 2020. S&P's base-case incorporates the elevated provisioning,
which provides an estimate of anticipated defaults and future
captive debt to equity. S&P believes captive debt to equity could
rise to the 3x to 4x area if default rates remain elevated over the
next two years.

Environmental, social, and governance (ESG) factors relevant to the
rating action:  

-- Health and safety

"The negative outlook reflects anticipated significant stress on
revenue, cash flow, and liquidity, and the possibility that we
could lower ratings on Diamond if COVID-19 containment measures are
not successful in the second half of 2020 such that timeshare
contract sales can meaningfully recover in 2021. The minimal cash
flow generation through 2021 may render the capital structure
unsustainable despite our assessment of adequate liquidity," S&P
said.

S&P could lower the rating if travel and timeshare demand does not
begin to recover in the second half of 2020 and 2021, reducing the
company's ability to service its debt. This could occur if Diamond
cannot recover VOI sales, stabilize and reduce its provision for
uncollectible vacation interest sales, and generate relatively
stable EBITDA from resort management fees. S&P could also lower the
rating if the timeshare ABS securitization markets become
prohibitively expensive or unavailable. Although it believes
Diamond currently has an adequate cushion under the company's
covenant thresholds, S&P could also lower its rating if it believes
the company will violate any of the covenants. Additionally, S&P
could lower the rating if the company pursues a debt repurchase
that the rating agency assesses to be a distressed exchange.

"We are unlikely to revise the outlook to stable for the duration
of the global travel downturn. We could revise the outlook to
stable or raise the rating if we believe that Diamond's EBITDA and
cash flows will improve and the company will be able to maintain
adjusted EBITDA interest coverage of more than 1.5x. This would
likely be due to revenue growth and cost reductions," S&P said.


DIEBOLD NIXDORF: S&P Alters Outlook to Stable, Affirms 'B-' ICR
---------------------------------------------------------------
S&P Global Ratings revised its outlook to stable from negative and
affirmed most of its ratings on Diebold Nixdorf Inc., including its
'B-' issuer credit rating and 'B-' secured issue-level rating. The
'3' recovery rating on the secured debt was unchanged. S&P has
lowered the issue-level rating on the unsecured debt to 'CCC' from
'CCC+'. The recovery rating was revised to '6' from '5' based on
its belief that there will be negligible recovery for unsecured
debt holders in a simulated default.

Diebold Nixdorf's earnings and margins should be somewhat resilient
in 2020 despite COVID-19 headwinds and other revenue growth
challenges. S&P believes the company's June earnings
preannouncement and reestablishment of its 2020 guidance indicate
that it has begun to see signs of an earnings recovery. It expects
Diebold Nixdorf's 2020 S&P Global Ratings' adjusted EBITDA and
margins to improve from the rating agency's forecast in March. Pro
forma for its restructuring costs, the company's EBITDA margins
improved by about 400 basis points (bps) year over year in April
and May despite a 15% decline in its revenue (net of management's
divestments and revenue rationalization efforts). The improvement
in Diebold Nixdorf's margin reflects its progress on its
comprehensive DN Now business improvement plan, which it has
continued to implement despite the disruption to its business
operations stemming from the coronavirus outbreak. For full year
2020, S&P expects the company's adjusted EBITDA margins (the rating
agency does not add back restructuring costs) to improve to 9.5%,
from 8% in 2019, and the company's EBITDA to remain about flat year
over year. This level of earnings, combined with S&P's expectation
for reduced capital expenditure (capex) of about $30 million and
working capital outflows of $20 million, will likely support flat
to slightly positive FOCF generation in 2020. S&P anticipates
Diebold Nixdorf's 2020 cash flow will be lower than in 2019 ($91
million) because of COVID-19-related headwinds, less favorable
working capital movements, and continued high restructuring costs,
which the rating agency expects will roll off over the next two
years.

"The company's ability to sustain its cost improvements will be
critical to our view of its credit quality. Diebold Nixdorf's
execution risks remain elevated because it is in the middle of
implementing its significant DN Now business improvement plan that
could disrupt the business and delay product investments," S&P
said.

S&P expects the company to realize $90 million of savings in 2020,
though management expects to achieve $130 million. The rating
agency forecasts Diebold Nixdorf will realize about one-half to
two-thirds of the company's planned $470 million of gross savings
from the cost-savings plan by the end of 2020. Since 2018,
management has focused on improving the efficiency of all of
Diebold Nixdorf's operational areas. The company has since revamped
its organizational structure and made efforts to improve its
efficiency by implementing its services modernization plan,
rationalizing its manufacturing footprint, and reducing its general
and administrative spending. Although Diebold Nixdorf has shown
strong execution despite the difficult operating environment, it is
unclear whether the company will be able to sustain the recent
improvement in its margins and further improve its FOCF generation.
Not all of the expected cost savings will fall to the company's
profits because some will be lost to cost inflation,
foreign-exchange translation costs, divestments, or reinvestments
in the business. Furthermore, if the company is unable to manage
its business amid the longer term industry headwinds to cash
payments and brick and mortar retail stores or if weak
macroeconomic trends reemerge, it may pursue additional
restructuring programs.

S&P expects hardware upgrades to lift the end-market demand for
Diebold Nixdorf's goods and contracted services and likely support
a somewhat stable revenue trajectory over the next year or two.
Diebold Nixdorf's global installed base of ATMs and retail
point-of-sale (POS) equipment has remained fairly consistent over
the past few years (at about 1 million ATMs and 1.3 million POS
units). The company has signed service contracts for about 60% of
its ATM installed base, and services account for roughly half of
its annual revenue. Diebold Nixdorf's service renewal rates have
remained strong even as it experienced cost-related issues in 2018
and embarked on its multiyear cost-savings program. The majority of
its demand comes from ATMs and consumer cash usage, which face
long-term secular pressures (the company derives about 75% of its
revenue from its Eurasia Banking and America Banking segments).
However, S&P believes the company can increase its revenue at a
slightly slower pace than global GDP growth after 2020. Diebold
Nixdorf's updated software, DN Vynamic, its new DN Series of ATM
hardware launched in 2020, ATM refresh cycles, and branch
transformation activities in advanced economies support S&P's view
that the company's revenue will remain fairly consistent after 2020
excluding divestitures.

S&P forecasts the company's revenue will decline by about 15% in
2020 largely because of COVID-19-related headwinds. It believes
Diebold Nixdorf's hardware segment will face the greatest decline,
mainly because banks and retail stores will defer the delivery of
shipments during the pandemic. However, S&P expects end-market
demand for ATMs to remain relatively intact thereafter. June 2020
cash withdrawals from ATMs in many parts of the world were above
their February-April 2020 lows and S&P expects the ATM channel to
continue serving a critical financial purpose, especially for the
underbanked segments of the population.

"The stable outlook reflects our view that the company will be able
to generate modestly positive FOCF in 2020, and yield improvements
into 2021 as the cost-improvement plans gain traction. We expect
demand for Diebold Nixdorf's products and services to remain
resilient over the next few years as many banks continue to support
the ATM channel for their cardholders," S&P said.

"We could lower our rating on Diebold Nixdorf if its operating
performance does not improve on a sustained basis. This could occur
if it is unable to sustain the recent improvement in its cost
structures or if restructuring efforts are disruptive to the
business. Persistently negative annual FOCF, leverage above 8x, and
EBITDA margins declining to the 5%-6% range could lead to a
downgrade. Our leverage calculation does not net cash and includes
the expense of restructuring costs," the rating agency said.

S&P could raise its rating on Diebold Nixdorf by one notch if it
achieves and sustains its identified cost savings and operational
improvements such that its leverage declines below 6.5x while it
maintains a FOCF-to-debt ratio of more than 5%. An expectation for
stable end-market dynamics for ATMs leading to stabilized revenue
trends for Diebold Nixdorf could also bode well for the rating.


DIOCESE OF SYRACUSE: Files for Bankruptcy Amid Lawsuits
-------------------------------------------------------
The Diocese of Syracuse announced Friday filed for Chapter 11
bankruptcy amid the financial impact of numerous sexual abuse
lawsuits.

Catholic News Agency reports that the New York's Child Victims Act,
which passed early last year, opened a one-year window for adults
in the state who were sexually abused as children to file lawsuits
against their abusers.  The CVA also allows child abuse victims to
file criminal charges up to age 28, and lawsuits up to age 55.
Previously, they had until the age of 23 to file charges or a civil
claim.

Bishop Douglas Lucia-- who has led the diocese for less than a
year-- said in a June 19 letter that without the reorganization,
alleged victims who filed their abuse claims under the CVA first,
or pursued their claim more aggressively, would deplete the
dioceses' resources and leave the diocese unable to pay other
alleged victims.

"The challenge this situation presents our Diocese is simply that
one jury award could so diminish our assets that we would have
little or nothing with which to resolve the other claims or carry
on the important ministries of our diocese," he wrote.

The bankruptcy filing will create a process where claims are
treated in a "just and equitable way," so that "available funds
will be allocated to all victims fairly," Lucia said.

"Today's action will require the Diocese to be under court
supervision in its Chapter 11 case for many months. However, after
an exhaustive study by myself and those in Diocesan Administration,
I feel it is the only way we can address victims' claims in the
most fair and equitable manner, while maintaining the vital
ministries and mission of the diocese," he wrote.

Lucia said at a June 19 press conference that the decision to file
bankruptcy was primarily in reaction to the number of sexual abuse
lawsuits— over 100— that the diocese currently is facing.

"All claims of abuse are decades old, dating back from 1949 to the
1990s," he said.

Future sexual abuse claims will have to be brought before the
Northern District of New York bankruptcy court.  The bankruptcy
court will set a final date when claimants can file sexual abuse
claims against the diocese, diocesan lawyer Charles Sullivan said,
and a court-appointed person will evaluate the claims.

Lucia said only the diocese itself has filed for Chapter 11; the
parishes, foundation, Catholic Charities, and Catholic schools of
Syracuse are separate corporations and are not affected by the
bankruptcy filing.

Stephan Breen, the diocese's CFO, said the filing would not affect
the parishes and schools because parishes are primarily supported
by collections, and schools by tuition, rather than from
contributions from the diocese.

The diocese has 158 employees in total and Breen said no layoffs
are expected at this time.

Lucia requested prayers for victims of abuse on the feast of the
Sacred Heart of Jesus.

"I can't apologize enough for the heinous acts that were
perpetrated against the young of our diocese, and I ask you to join
me in the diocesan commitment that this will never happen again,"
Lucia said.

Syracuse joins several other New York dioceses in declaring
bankruptcy, as well as dozens across the country, many in response
to sexual abuse lawsuits.

The dioceses of Buffalo and Rochester both have declared bankruptcy
in the past year— Rochester during September 2019 and Buffalo
during Feb 2020.  

In April, the Buffalo and Rochester dioceses sued the Small
Business Administration after they were blocked from emergency
small business loans under the Paycheck Protection Program because
of their bankruptcy status.  In June, a federal judge rejected the
lawsuit.

The Diocese of Rockville Centre has requested a pause in the
proceedings of numerous sex abuse lawsuits it is facing, and said
it may have to declare bankruptcy if it is not granted.

The CVA "window" is expected to be extended until August 2021;
Governor Andrew Cuomo had previously extended it to January 2021.
Statewide, alleged victims have filed over 1,700 lawsuits.

                 About The Roman Catholic Diocese
                       of Syracuse, New York

The Roman Catholic Diocese of Syracuse, New York, through its
administrative offices (a) provides operational support to the
Catholic parishes, schools and certain other Catholic entities that
operate within the territory of the Diocese in support of their
shared charitable, humanitarian and religious missions; (b)
conducts school operations by managing tuition and scholarship
payments, employee payroll and other school related operating
expenses for separately incorporated Diocesan schools as well as
providing parish schools with financial, operational and
educational support; and (c) provides comprehensive risk
management
services to the OCEs through the Diocese's insurance program.  For
more information, visit www.syracusediocese.org.

The Roman Catholic Diocese of Syracuse, New York, filed its
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Banrk. N.D.N.Y. Case No. 20-30663) on June 19, 2020.  The
petition was signed by Stephen A. Breen, chief financial officer.
At the time of the filing, the Debtor was estimated to have $10
million to $50 million in assets and $50 million to $100 million in
liabilities.

Stephen A. Donato, Esq., at Bond, Schoeneck & King, PLLC, is the
Debtor's legal counsel.  Stretto serves as the Debtor's claims and
noticing agent and administrative advisor.


DIRECTVIEW HOLDINGS: MaloneBailey Replaces AD as Accountant
-----------------------------------------------------------
The Board of Directors of DirectView Holdings, Inc. dismissed
Assurance Dimensions as its independent registered public
accounting firm on July 21, 2020.

The report of AD on the Company's financial statements for the
fiscal years ended Dec. 31, 2018 and 2017 did not contain any
adverse opinion or disclaimer of opinion, nor was it qualified or
modified as to audit scope or accounting principles.  The report
did include an explanatory paragraph about the uncertainty as to
the Company's ability to continue as a going concern.  During the
period of AD's engagement as the Company's independent registered
public accounting firm through July 21, 2020, there were no
disagreements as defined in Item 304 of Regulation S-K with AD on
any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of AD, would
have caused it to make reference in connection with any opinion to
the subject matter of the disagreement.  Further, during the
Engagement Period, there were no reportable events (as defined in
Item 304(a)(1)(v) of Regulation S-K).

On July 21, 2020, the Board of Directors appointed MaloneBailey,
LLP, an independent registered public accounting firm which is
registered with, and governed by the rules of, the Public Company
Accounting Oversight Board, as the Company's independent registered
public accounting firm.  During the Company's two most recent
fiscal years through Dec. 31, 2018, neither the Company nor anyone
on its behalf consulted MaloneBailey regarding either (1) the
application of accounting principles to a specified transaction
regarding the Company, either completed or proposed, or the type of
audit opinion that might be rendered on its financial statements;
or (2) any matter regarding the Company that was either the subject
of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation
S-K and related instructions to Item 304 of Regulation S-K) or a
reportable event (as defined in Item 304(a)(1)(v) of Regulation
S-K).

                   About Directview Holdings

DirectView Holdings, Inc., (DIRV) together with its subsidiaries,
provides video surveillance solutions and teleconferencing products
and services to businesses and organizations.  Based in Boca Raton,
Florida, the company operates in two divisions, Security (Video
Surveillance) and Video Conferencing.  The Security division offers
technologies in surveillance systems providing onsite and remote
video and audio surveillance, digital video recording, and
services.  It also sells and installs surveillance systems; and
sells maintenance agreements.  The company sells its products and
services in the United States and internationally through direct
sales force, referrals, and its websites.  The Video Conferencing
division offers teleconferencing products and services that enable
clients to conduct remote meetings by linking participants in
geographically dispersed locations.  It is involved in the sale of
conferencing services based upon usage, the sale and installation
of video equipment, and the sale of maintenance agreements.  This
division primarily provides conferencing products and services to
numerous organizations ranging from law firms, banks, high tech
companies and government organizations.  DirectView Holdings
maintains two websites at http://www.directview.com/and
http://www.directviewsecurity.com  

Directview reported a net loss of $10.05 million for the year ended
Dec. 31, 2018, compared to a net loss of $1.54 million for the year
ended Dec. 31, 2017.  As of Sept. 30, 2019, DirectView Holdings had
$2.70 million in total assets, $33.72 million in total liabilities,
and a total stockholders' deficit of $31.01 million.

Assurance Dimensions, the Company's auditor since 2017, issued a
"going concern" qualification in its report dated April 12, 2019,
on the Company's consolidated financial statements for the year
ended Dec. 31, 2018, stating that the Company had a net loss and
cash used from operations of approximately $10,058,000 and
$1,854,000, respectively for the year ended of Dec. 31, 2018 and a
working capital deficit of approximately $21,351,000 as of Dec. 31,
2018.  These conditions raise substantial doubt about the Company's
ability to continue as a going concern.


DOVE REAL ESTATE: Court Confirms Plan
-------------------------------------
Judge Erithe Smith has ordered that the Plan filed by Dove Real
Estate & Association Management LLC is confirmed.

The Effective Date of the Plan must be the first business day which
is at least 14 days following the date of entry of the Confirmation
Order, if there has been no appeal, or order staying the
effectiveness of the Order.

The Reorganized Debtor must file a status report explaining what
progress has been made toward consummation of the Plan on or before
Dec. 1, 2020.

A Post-Confirmation Status Conference will be held at 10:30 a.m. on
Dec. 10, 2020 in Courtroom 5A of the United States Bankruptcy Court
located at 411 West Fourth Street, Santa Ana, California 92701.

General Bankruptcy Counsel for Chapter 11 Debtor:

     Daniel J. Weintraub
     James R. Selth
     Crystle J. Lindsey
     WEINTRAUB & SELTH, APC
     11766 Wilshire Boulevard, Suite 1170
     Los Angeles, CA 90025
     Telephone: (310) 207-1494
     Facsimile: (310) 442-0660
     Email: crystle@wsrlaw.net

                    About Dove Real Estate

Dove Real Estate & Association Management LLC filed a Chapter 11
petition (Bankr. C.D. Cal. Case No. 19-13770) on Sept. 27, 2019, in
Santa Ana, California.  In the petition signed by its CEO, Kevin
Shelton, the Debtor was estimated to have assets of less than
$100,000 and debt under $1 million.  WEINTRAUB & SELTH APC is the
Debtor's counsel.


FACTOM INC: Files Chapter 11 Bankruptcy Protection
--------------------------------------------------
Paddy Baker of CoinDesk reports that Factom Inc. filed for Chapter
11 bankruptcy protection.

The company has raised a total of $18 million from investors in a
series of funding rounds.

Factom Inc. Chairman David Jevans previously told CoinDesk the
company's closure will have no impact on the running of Factom
Protocol, a trustless data provenance layer built on top of the
Bitcoin blockchain.

As part of the bankruptcy proceedings, Factom Inc. has publicly
declared its balance sheet. Reading through, it's clear the
company, which once received a grant from the U.S. Department of
Homeland Security, has been in dire financial straits for some
years.

Losses have escalated since Factom Inc. launched in 2013. In the
2016 tax year, the company reported a $2.6 million loss, and Paddy
Baker of CoinDesk reports that Factom Inc. filed for Chapter 11
bankruptcy protection.

Factom Inc. opted to go the Chapter 11 route, which allows it to
restructure the business and pay creditors over time. The company's
board submitted its reorganization proposal with its bankruptcy
filing, which will now be evaluated by the administrators.

The company has raised a total of $18 million from investors in a
series of funding rounds.

Factom Inc. Chairman David Jevans previously told CoinDesk the
company's closure will have no impact on the running of Factom
Protocol, a trustless data provenance layer built on top of the
Bitcoin blockchain.

As part of the bankruptcy proceedings, Factom Inc. has publicly
declared its balance sheet. Reading through, it's clear the
company, which once received a grant from the U.S. Department of
Homeland Security, has been in dire financial straits for some
years.

Losses have escalated since Factom Inc. launched in 2013. In the
2016 tax year, the company reported a $2.6 million loss, and
another $4.3 million loss the following year. It appears the
company tried to cut back after gross losses peaked at nearly $5
million in 2018; losses amounted to $4.8 million in 2019.

Although Factom cut employee wages by just under $390,000 between
2018 and 2019, compensation for company officers appears to have
increased by over $260,000, according to the filing. The company
also saw a significant $430,000 increase in other deductions, which
includes legal fees.

Although Factom cut employee wages by just under $390,000 between
2018 and 2019, compensation for company officers appears to have
increased by over $260,000, according to the filing. The company
also saw a significant $430,000 increase in other deductions, which
includes legal fees.

                        About Factom Inc.

Factom Inc. is a developer of scalable blockchain technology
designed to handle complex enterprise data and volume.

On June 18, 2020, Factom sought Chapter 11 protection (Bankr. D.
Del. Case No. 20-11602).  

In the petition signed by CEO Paul Snow, the Debtor was estimated
to have assets of $1 million to $10 million and liabilities of
$500,000 to $1 million.

The Hon. Brendan Linehan Shannon is the case judge.  

Jeffrey Chubak, Esq., at AMINI LLC, is the Debtor's counsel.  KLEIN
LLC is the Debtor's Delaware counsel.


FECK PROPERTIES: Seeks to Hire Florida Bankruptcy as Legal Counsel
------------------------------------------------------------------
Feck Properties LLC seeks authority from the U.S. Bankruptcy Court
for the Middle District of Florida to hire Florida Bankruptcy
Group, LLC as its legal counsel.

The firm will provide the following services:

     a. take all necessary actions to protect and preserve the
estate of Debtor, including the prosecution of actions, the defense
of actions commenced against Debtor, negotiations concerning any
litigation in which Debtor may be involved, and objections to
claims;

     b. prepare legal papers;

     c. advise Debtor of its rights and obligations under the
Bankruptcy Code;

     d. assist Debtor in preparation and filing of schedules of
assets and liabilities and statement of financial affairs; and

     e. prepare and file a Chapter 11 plan of reorganization.

The firm's services will be provided mainly by Kevin Gleason, Esq.


Florida Bankruptcy Group will be paid at hourly rates as follows:

     Kevin Gleason, Esq.             $450
     Patricia Gleason, Esq.          $350
     Stacey Mittler, Paralegal       $175

Feck Properties neither holds nor represents any interest adverse
to Debtor, according to court filings.

The firm can be reached through:

     Kevin C. Gleason, Esq.
     Florida Bankruptcy Group, LLC
     4121 N 31st Ave #2011
     Hollywood, FL 33021
     Phone: +1 954-893-7670

                       About Feck Properties

Feck Properties is primarily engaged in real estate rentals
business in Florida and real estate development and sales business
in Massachusetts.

Feck Properties filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
20-05209) on July 7, 2020. In the petition signed by Stanley B.
Feck, manager, Debtor disclosed $4,750,000 in assets and $2,773,630
in liabilities.  Kevin Christopher Gleason, Esq., at Florida
Bankruptcy Group, LLC represents Debtor as legal counsel.


FORESIGHT ENERGY: U.S. Trustee Objects to Bankruptcy Plan
---------------------------------------------------------
Leslie A. Pappas, writing for Bloomberg Law, reports that
bankruptcy watchdog objects to the Chapter 11 plan of Foresight
Energy LP due to liability waivers.

Foresight Energy LP's Chapter 11 plan waives liability for too many
parties that aren't in bankruptcy and shouldn't be approved, the
Justice Department's bankruptcy watchdog says.

The U.S. Trustee's Office filed its objection with the U.S.
Bankruptcy Court for the Eastern District of Missouri, a day after
the bankrupt coal mining company modified its plan to set aside $1
million more for unsecured creditors.

St. Louis-based Foresight initially submitted its plan in May 2020
after filing for Chapter 11 protection in March 2020.

The plan's releases for third parities are "overly broad" and
absolve too many non-debtor parties "from all sorts...

                    About Foresight Energy

Foresight Energy and its subsidiaries -- http://www.foresight.com/
-- are producers of thermal coal, with four mining complexes and
nearly 2.1 billion tons of proven and probably coal reserves
strategically located near multiple rail and river transportation
access points in the Illinois Basin. The Debtors also own a
barge-loading river terminal on the Ohio River. From this strategic
position, the Debtors sell their coal primarily to electric utility
and industrial companies located in the eastern half of the United
States and across the international market.

Foresight Energy LP and its affiliates sought Chapter 11 protection
(Bankr. E.D. Mo. Lead Case No. 20-41308) on March 10, 2020.

The Debtors were estimated to have $1 billion to $10 billion in
assets and liabilities.

The Hon. Kathy A. Surratt-States is the case judge.

Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal
counsel to Foresight Energy; Jefferies Group is acting as
investment banker; and FTI Consulting, Inc. is acting as financial
advisor.  Prime Clerk LLC is the claims agent at
https://cases.primeclerk.com/ForesightEnergy

Akin Gump Strauss Hauer & Feld LLP is acting as legal counsel and
Lazard Freres & Co. LLC is acting as investment banker to the Ad
Hoc Lender Group representing lenders under the first lien credit
agreement.

Milbank LLP is acting as legal counsel and Perella Weinberg
Partners LP is acting as investment banker to the Ad Hoc Lender
Group representing crossover lenders under each of the second lien
indenture and first lien credit agreement.


FORTRESS TRANSPORTATION: S&P Rates New Senior Unsecured Notes 'B'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level rating and '3'
recovery rating to Fortress Transportation and Infrastructure
Investors LLC's (FTAI) proposed $300 million senior unsecured notes
due 2027. The '3' recovery rating indicates S&P's expectation for
meaningful recovery (50%-70%; rounded estimate: 60%) in the event
of a default. The company will use the proceeds from these notes to
pay down its outstanding revolver borrowings and for general
corporate purposes.

At the same time, S&P lowered its issue-level rating on FTAI's
existing $700 million senior unsecured notes due 2022 and $450
million senior unsecured notes due 2025 to 'B' from 'B+' and
revised its recovery rating to '3' (50%-70%; rounded estimate: 60%)
from '2' (70%-90%; rounded estimate: 70%). The proposed notes will
rank pari passu with the company's existing rated notes. The
revised recovery rating reflects the higher amount of unsecured
debt in FTAI's debt structure.

S&P's 'B' issuer credit rating on FTAI remains unchanged and
continues to reflect the company's niche positions in its
businesses. In the aircraft and aircraft engine leasing segment,
the company's portfolio is relatively smaller and older than those
of the other aircraft lessors S&P rates. FTAI's infrastructure
segment is also relatively small in scale and limited in terms of
asset diversity given its focus on energy terminals.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- FTAI is issuing $300 million of new senior unsecured notes to
pay down its outstanding revolver borrowings and for general
corporate purposes. Given the change in its debt structure, S&P has
completed a recovery analysis.

-- The '3' recovery rating on FTAI's unsecured notes indicates
S&P's expectation for meaningful (50%-70%; rounded estimate: 60%)
recovery in the event of a default.

Simulated default assumptions

-- Simulated year of default: 2023

-- S&P values the company on a discrete asset value basis as a
going concern and the rating agency's valuations reflect the value
of the company's various assets at default based on recent market
appraisals, which the company adjusts for expected realization
rates in a distressed scenario.

Simplified waterfall

-- Net recovery value for waterfall after administrative expenses
(5%): $1.45 billion

-- Obligor/nonobligor valuation split: 100%/0%

-- Value available for secured and senior unsecured claims: $1.45
billion

-- Estimated secured and senior unsecured claims: $534 million

-- Total value available to junior unsecured claims: $923 million

-- Estimated junior unsecured debt claims: $1.5 billion

-- Recovery expectations: 50%-70% (rounded estimate: 60%)

Note: All debt amounts include six months of prepetition interest.
Collateral value equals asset pledge from obligors after priority
claims plus equity pledge from nonobligors after nonobligor debt.

  Ratings List

  New Rating  

  Fortress Transportation and Infrastructure Investors LLC
   Senior Unsecured  
   US$300 mil sr nts due 2027         B
    Recovery Rating                  3(60%)

  Issue-Level Ratings Downgraded; Recovery Ratings Revised  
                                     To       From
  Fortress Transportation and Infrastructure Investors LLC
  Senior Unsecured  
   US$450 mil 6.50% sr nts due 10/01/2025    B        B+
    Recovery Rating                    3(60%)   2(70%)
   US$700 mil 6.75% sr nts due 03/15/2022    B        B+
    Recovery Rating                        3(60%)   2(70%)


FOURTEENTH AVENUE: Reorganization Plan Confirmed by Judge
---------------------------------------------------------
Judge Maria L. Oxholm has entered an order confirming the First
Amended Plan of Reorganization of Fourteenth Avenue Cartage
Company, Inc.

The Court has reviewed the Plan, heard the arguments and evidence
presented by the parties, and finds that the Plan, as modified by
this Confirmation Order, satisfies and complies with each of the
elements necessary for confirmation under set forth in §1129(a) of
the Bankruptcy Code.

The Plan complies with the requirements for confirmation set forth
in Section 1129(a) and, with respect to Class III, the requirements
of 1129(b)(2)(A) are satisfied because the Plan proposes to return
the collateral securing the Class III Claim to the Class III Claim
Holder.

A copy of the order dated June 18, 2020, is available at
https://tinyurl.com/y7k7awqq from PacerMonitor.com at no charge.

                About Fourteenth Avenue Cartage

Fourteenth Avenue Cartage Company, Inc.--http://www.fourteenth.com/
-- is a trucking company in Dearborn, Mich.  It provides
intermodal, truck load and cross-border deliveries across Michigan,
Ohio, Ontario, Indiana, Illinois and Wisconsin.  Fourteenth Avenue
owns and operates a fleet of over 75 tractors and over 500
trailers.

Fourteenth Avenue Cartage Company sought protection under Chapter
11 of the Bankruptcy Code (Bankr. E.D. Mich. Case No. 19-54128) on
Oct. 3, 2019.  In the petition signed by COO James V. Ryan, the
Debtor was estimated to have assets and debt of less than $10
million.  Judge Marci B. McIvor oversees the case.  

The Debtor tapped Wernette Heilman, PLLC, as its legal counsel, and
Mies and Company, Inc., as its financial advisor.

The U.S. Trustee for Region 9 appointed a committee of unsecured
creditors on Oct. 31, 2019.  The committee tapped Schafer and
Weiner, PLLC, as its legal counsel.


FROGNAL HOLDINGS: Case Summary & 17 Unsecured Creditors
-------------------------------------------------------
Debtor: Frognal Holdings, LLC
        1610 Everett Mall Way
        Everett, WA 98208

Business Description: Frognal Holdings, LLC is a Single Asset Real
                      Estate (as defined in 11 U.S.C. Section
                      101(51B)), whose principal assets are
                      located at 13500 60th Avenue West Edmonds,
                      WA 98026.  The Property is a proposed 112-
                      lot residential subdivision having an
                      appraised value of $30.8 million.

Chapter 11 Petition Date: July 23, 2020

Court: United States Bankruptcy Court
       Western District of Washington

Case No.: 20-11966

Judge: Hon. Timothy W. Dore

Debtor's Counsel: Christine M. Tobin-Presser, Esq.
                  BUSH KORNFELD LLP
                  601 Union St., Suite 5000
                  Seattle, WA 98101-2373
                  Tel: (206) 292-2110
                  E-mail: ctobin@bskd.com

Total Assets: $30,921,624

Total Liabilities: $11,302,231

The petition was signed by Abdul Latif Lakhani, president of
Integral Northwest Corporation, manager.

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

                        https://is.gd/Jlq1js

List of Debtor's 17 Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. 16525 Ash Way, LLC                Intercompany         $207,560
1610 SE Everett Mall Way                Payable
Everett, WA 98208

2. Aero Construction                                       $27,799
PO Box 295
Snohomish, WA 98291

3. Associated Earth Sciences, Inc    Geotechnical          $78,302
911 Fifth Ave, Suite 100               Services
Kirkland, WA 98033

4. Bill's Blueprint, Inc.              Printing/            $3,536
2920 Rockafeller Ave                 Reproductions
Everett, WA 98201

5. Chicago Title of Washington            Alta                $432
1111 Third Avenue, Suite 320
Seattle, WA 98101

6. Earth Solutions NW LLC            Environmental          $1,125
15365 NE 90th Street, Suite 10      Site Assessment
Redmond, WA 98052

7. Land Technologies                 Engineering/         $200,793
18820 3rd Ave NE                     Permitting
Arlington, WA 98223

8. Metron and Associates, Inc.      Land Surveying,         $5,757
307 N. Olympic, Suite 205          Mapping, Planning
Arlington, WA 98223

9. North Peak Associates, LLC            Survey             $5,519
10512 NE 140th St.
Kirkland, WA 98034

10. Oseran Hahn, PS                  Legal Services        $13,928
10900 NE Fourth St,
Suite 1430
Bellevue, WA 98004

11. Paul Jay Landscape                  Landscape           $5,040
Architect                                Design
2917 East Division
Mount Vernon, WA 98274

12. Perkl Properties, LLC                Owners            $34,853
9725 32nd St SE                      Representative/
Lake Stevens, WA 98258              Project Management

13. Robert A. Underhill PC            Tax Accounting        $8,346
601 Union Street, Suite 3300             Services
Seattle, WA 98101

14. S.A. Newman Firm Inc.            Forest Practice        $1,716
PO Box 156                             Consulting
Everett, WA
98206-0156

15. Sound Publishing Inc.             Public Notice           $110
11323 Commando Rd W                    Publishing
Everett, WA 98204

16. Trinity Real Estate              Broker Services       $11,637
3720 Carillon Point
Kirkland, WA 98033

17. Washington State                  Water Quality         $2,216
Dept. Ecology                      Program/Stormwater
PO Box 47611                          Construction
Olympia, WA 98504-7611                   Permit


FS ENERGY: S&P Raises Rating to 'B' on Debt Reduction
-----------------------------------------------------
S&P Global Ratings raised its rating on FS Energy and Power Fund
(FSEP) to 'B' from 'B-'. The outlook is stable. At the same time,
S&P also raised its ratings on the fund's senior secured notes to
'B' from 'B-'.

The upgrade reflects S&P's opinion that FSEP's financial position
has now stabilized following the announcement that it will pay down
its Gladwyne credit facility with Goldman Sachs ($425 million
outstanding as of March 31, 2020). Pro forma for the paydown, S&P
expects leverage on a debt to equity basis will improve to modestly
above 0.6x from 0.84x as of March 31. S&P estimates net asset value
(NAV) for the second quarter to be approximately $1.45 billion
(down from $1.57 billion as of March 31) based on the announced
price that the fund can issue shares under its distribution
reinvestment plan. This price fell to $3.35 from $3.65 previously.

As a result of the paydown of the credit facility, FSEP will also
improve its covenant cushion. The fund has a $900 million minimum
shareholder equity (which will no longer step up as a result of the
amendment) and 200% asset coverage covenant under its JP Morgan
facility. It also has a 1x debt to equity covenant under its senior
secured notes (which is essentially the same as its asset coverage
covenant).

S&P also believes that downside risk in the portfolio (such that
covenants could be threatened) is somewhat less now that the
company has already taken significant write-downs in
more-vulnerable positions. S&P believes the implied NAV for June 30
suggests that there were further notable (although not nearly to
the extent of the first quarter) losses in the second quarter,
which the rating agency would expect to be mostly due to legacy
upstream exposures that management has noted to be challenged in
the past. S&P also expects that the rebound in oil prices and
stabilization of market conditions should help support portfolio
performance, although that does not necessarily mean that there
will be no further portfolio deterioration." The future
macroeconomic environment, which can clearly affect the fund's more
cyclical exposures, also remains uncertain.

FSEP's amendment of its JPMorgan credit facility provides capacity
for up to $150 million in additional commitments supplementing the
fund's existing liquidity, which currently consists of cash on
hand. The fund's willingness to use this additional capacity to
increase leverage from current levels (proforma for Gladwyne) is
unclear. The amendment also increases the amount of preferred
equity that may be pledged as collateral under the facility's
borrowing base, although it will remain a limited amount at a
modest advance rate. Following the paydown of the Gladwyne
facility, FSEP will have substantial excess collateral to support
its existing debt securities, supporting the fund's compliance
requirements--for example, the fund's secured notes must maintain a
150% priority collateral coverage ratio.

S&P continues to view the fund's completely secured and
concentrated funding profile unfavorably. The fund relies on one
syndicate of banks and the holders of its secured notes are
relatively concentrated. Furthermore, over the past several months,
its notes have traded at above-average yields versus many other
business development company and finance company peers. But the
fund currently has no near-term maturities, which S&P views
favorably.

The stable outlook reflects S&P's expectation that FSEP's portfolio
will exhibit lower losses and volatility over the next 12 months
while asset coverage will be maintained above 220%, on a sustained
basis.

"We could lower the ratings if FSEP approaches its covenant
thresholds as a result of increased debt or portfolio deterioration
or if the company experiences any notable liquidity challenges,"
S&P said.

"If we believe FSEP's portfolio shows material signs of
stabilization, the fund's underwriting reflects a bias toward more
stable investments, and leverage is managed with ample cushion to
covenants, we could raise the rating," the rating agency said.


GAIL HALPERN: Meyers Buying Palm Beach Gardens Property for $4.1M
-----------------------------------------------------------------
Gail Halpern asks the U.S. Bankruptcy Court for the Southern
District of Florida to authorize the sale of the real property
located at 2940 Le Bateau Drive, Palm Beach Gardens, Florida free
and clear of liens and encumbrances, to Michael and Katayoun Meyer
pursuant to their Contract for Purchase and Sale for $4.05
million.

The Debtor proposes to sell the property free and clear of all
liens and encumbrances, and pay the proceeds, after payment of
closing costs and taxes, to the first mortgagee Carrington
Mortgage, Frenchmen's Creek HoA, second Mortgagee Robert Denenberg
and the Palm Beach County Tax Collector.

The purchase price will be made as follows:

      i. Initial deposit to be held by the Seller's Closing Agent,
Gary Nagle: $300,000

      ii. Additional $200,000 deposit due 10 days from the
effective date of the Agreement to be added to the funds held in
Escrow - $ 200,000

      iii. Private Mortgage: $0

      iv. Balance to close: $3.55 million

      v. Total: $4.05 million

The continued viability of the Debtor's case and the success of the
Debtor's reorganization efforts hinge upon approval of the
Agreement.  Absent the Agreement, the Debtor will simply lose the
property to foreclosure sale for an amount less than proposed which
will in turn be to the detriment of all parties in interest in this
Chapter 11 case.

Approval of the Agreement will allow the Debtor to maximize the
value of the sale of its property to the benefit of all creditors.
In light of the Debtor's financial situation, the Debtor submits
that entry into the Agreement is appropriate and should be
approved.

A copy of the Agreement is available at
https://tinyurl.com/y8xgmobf from pacerMonitor.com free of charge.


Gail Halpern sought Chapter 11 protection (Bankr. S.D. Fla. Case
No. 19-23411) on Oct. 4, 2019.  The Debtor tapped Malinda L. Hayes,
Esq., at Markarian & Hayes, as counsel.



GBT JERSEYCO: S&P Affirms B+ ICR on Reduced Debt; Outlook Negative
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' issuer credit rating on GBT
JerseyCo Ltd. (doing business as American Express Global Business
Travel [GBT]) and removed it from CreditWatch negative, where the
rating agency placed it on March 17, 2020.

At the same time, S&P assigned its 'BB' issue-level and '1'
recovery rating to GBT's $50 million revolving credit facility and
lowered its issue-level rating on the company's $250 million term
loan to 'BB' from 'BBB-' and removed it from CreditWatch negative,
where the rating agency placed it on May 14, 2020.

GBT's expected leverage has increased sharply due to the pandemic,
despite significantly less outstanding debt following the
termination of its proposed refinancing transaction.

The global travel industry has continued to face increased
cancelations and significant declines in new bookings as travel
temporarily loses the favor of countries, companies, and
individuals for personal safety reasons and to limit the spread of
COVID-19. Companies have increasingly imposed restrictions on
employees' nonessential travel, which S&P expects will continue
throughout the remainder of the year. Further, the impact on
economic activity and subsequent return to normalcy is also
uncertain and depends on the widespread availability of a vaccine.
S&P believes new global travel bookings have declined to less than
15% of 2019 levels since the second half of March 2020. The loss of
2020 EBITDA and cash flows will likely be substantial since
COVID-19 containment measures have led to a global recession this
year. Travel management companies such as GBT are affected not only
by the overall decline in travel volumes, but also the loss of
top-tier incentive payments from global distribution systems due to
the inability to deliver sufficient volumes. S&P expects the
recovery of global business travel will lag the recovery of the
leisure travel industry.

S&P assumes GBT's transaction-based revenue, which accounted for
about 80% of 2019 revenue, will decrease about 90% in
second-quarter 2020, with a very slow recovery beginning in the
second half of 2020, resulting in total 2020 revenue declines of
about 50%. S&P believes it will likely take a number of years for
the industry to return to pre-pandemic travel volumes, and a
percentage of business travel volume could be permanently lost if
companies believe video-conferencing, which has grown in popularity
through the pandemic, is an effective substitute for some business
travel. The rating agency believes travel management companies have
many variable staffing costs, and GBT has implemented a number of
cost reduction strategies to reduce its primarily labor-driven
fixed cost burden. S&P expects GBT will achieve roughly $650
million of the cost savings it has identified for 2020, with about
$490 million of those savings benefiting EBITDA. Notwithstanding
the significant cost cuts, S&P expects negative EBITDA generation
and free operating cash flow in 2020, and leverage to remain above
5x in 2021. S&P's negative outlook on the rating reflects the risk
that business travel volumes remain at distressed levels through
2021 with nominal recovery in travel, and GBT's leverage will
remain above 5x.

S&P believes the company's financial policy is not clearly defined
following the termination of its equity recapitalization and
proposed debt refinancing.

In February 2020 the company proposed a large debt recapitalization
in conjunction with a planned equity recapitalization, which was
ultimately not funded when the equity recap was terminated. The
termination of the debt transaction decreased the proposed debt
structure by roughly $1 billion from S&P's previous analysis; the
company's original capital structure still has a $50 million
revolver and a $250 million term loan. S&P does not expect GBT will
pursue an aggressive financial policy with large debt-financed
dividends or acquisitions over the next 18 months with travel
volumes down and its leverage well above 5x. However, if and when
business travel begins to approach historical levels, S&P believes
the company may pursue debt-financed dividends and acquisitions as
it had in February, which could keep leverage elevated.

An economic recovery may not fully translate into a recovery for
the travel industry.

While S&P expects the economy to recover in the back half of 2020,
albeit with significant downside risks, the timing of recovery in
global travel remains highly uncertain until a combination of
testing and a vaccine to prevent the virus' spread are widely
available. Furthermore, even if government-issued guidance on
containment measures eased, companies may not quickly relax their
travel policies unless they can ensure their employees' safety. In
addition, companies could still increase the adoption of remote
meetings to save costs and consumers could remain hesitant to
travel for nonessential reasons even after a vaccine is widely
available.

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

-- Health and safety

The negative outlook reflects the risk that GBT's leverage could
remain elevated and cash flows could remain pressured for a
prolonged period due to limitations on travel and reduced economic
activity stemming from the global response to the pandemic.
Furthermore, the negative outlook reflects the risk of a long-term
reduction in global travel and changes in travel patterns stemming
from the pandemic, which could potentially weaken the company's
business position.

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

-- Global business travel conditions remain distressed into 2021
due to the impact of COVID-19 or any resulting economic weakness;

-- A sustained period of discretionary cash flow (DCF) to debt
below 2% and adjusted leverage above 5x;

-- The company takes on a more aggressive financial policy with
significant increases in debt-funded acquisitions and dividends;
and

-- S&P believes the impact from the pandemic and social distancing
will impair long-term global travel trends.

S&P could revise the outlook to stable over the next 12 months if:

-- The outlook for global travel improves, likely following a
reduction in social distancing measures, and it sees signs of a
recovery in business travel bookings; and

-- S&P expects GBT to maintain DCF to debt above 2% and adjusted
leverage below 5x.


GBT TECHNOLOGIES: BF Borgers CPA PC Raises Going Concern Doubt
--------------------------------------------------------------
GBT Technologies Inc. filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K, disclosing a net loss of
$186,505,119 on $19,277,058 of total sales for the year ended Dec.
31, 2019, compared to a net loss of $51,769,670 on $14,507,869 of
total sales for the year ended in 2018.

The audit report of BF Borgers CPA PC states that the Company's
significant operating losses raise substantial doubt about its
ability to continue as a going concern.

The Company's balance sheet at Dec. 31, 2019, showed total assets
of $5,266,443, total liabilities of $23,979,329, and a total
stockholders' deficit of $18,712,886.

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

                       https://is.gd/va6IRr

GBT Technologies Inc. was incorporated on July 22, 2009 under the  
laws of the State of Nevada.  The Company is creating and  
patenting innovative mobile microchip (ICs) and software  
technologies based on the GopherInsight(TM) technology platform.   
Effective August 5, 2019, the Company changed its name from Gopher
Protocol Inc. to GBT Technologies Inc.  The Company also offers  
prepaid cellular phone minutes for both domestic and international
carriers.


GENOCEA BIOSCIENCES: Incurs $11.3M Net Loss in Second Quarter
-------------------------------------------------------------
Genocea Biosciences, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q, reporting a net loss
of $11.32 million on $906,000 of license revenue for the three
months ended June 30, 2020, compared to a net loss of $6.49 million
on $0 of license revenue for the three months ended June 30, 2019.

For the six months ended June 30, 2020, the Company reported a net
loss of $24.17 million on $906,000 of license revenue compared to a
net loss of $22.06 million on $0 of license revenue for the same
period in 2019.

As of June 30, 2020, the Company had $40.52 million in total
assets, $32.48 million in total liabilities, and $8.04 million in
total stockholders' equity.

As of June 30, 2020, the Company had an accumulated deficit of
$355.1 million and anticipates that it will continue to incur
significant operating losses for the foreseeable future as it
continues to develop its product candidates.  Until such time, if
ever, as the Company can generate substantial product revenue and
achieve profitability, the Company expects to finance its cash
needs through a combination of equity offerings, debt financing,
strategic transactions, or other sources of funding.  The Company
said that if it is unable to raise additional funds when needed,
the Company may be required to implement further cost reduction
strategies, including ceasing development of GEN-009, GEN-011, or
other corporate programs and activities.

The Company had available cash and cash equivalents of $22.1
million at June 30, 2020.  In addition, the Company had cash used
in operating activities of $23.7 million for the six months ended
June 30, 2020.  In July 2020, the Company entered into a private
placement financing transaction in which the Company will issue
shares of its common stock, pre-funded warrants and warrants for
gross cash proceeds of approximately $80.0 million, before
deducting fees to the placement agent and other offering expenses
payable by the Company.  The closing of the private placement
financing is expected to occur on or about July 24, 2020.  The
proceeds from this financing combined with the Company's available
cash and cash equivalents at June 30, 2020 are expected to fund
operations to mid-2022.

A full-text copy of the Form 10-Q is available for free at:

                     https://is.gd/1kigOY

                  About Genocea Biosciences

Headquartered in Cambridge, Massachusetts, Genocea --
http://www.genocea.com/-- is a biopharmaceutical company
developing personalized cancer immunotherapies.  The Company uses
its proprietary discovery platform, ATLAS, to profile CD4+ and
CD8+T cell (or cellular) immune responses to tumor antigens.

Genocea reported a net loss of $38.95 million for the year ended
Dec. 31, 2019, compared to a net loss of $27.81 million for the
year ended Dec. 31, 2018.  As of March 31, 2020, the Company had
$45.19 million in total assets, $32.18 million in total
liabilities, and $13.01 million in total stockholders' equity.

Ernst & Young LLP, in Boston, Massachusetts, the Company's auditor
since 2009, issued a "going concern" qualification in its report
dated Feb. 13, 2020 citing that the Company has suffered recurring
losses from operations, has a working capital deficiency, and has
stated that substantial doubt exists about the Company's ability to
continue as a going concern.


GEORGIA DEER: Atlas Equipment Buying Assets for $110K
-----------------------------------------------------
Georgia Deer Farm, Inc. asks the U.S. Bankruptcy Court for the
Northern District of Georgia to authorize the sale of all of the
assets listed on Exhibit A to Atlas Equipment, LLC for $110,000.

The Debtor is a Georgia corporation and operates a farm equipment
business located at 850 N. Highway 27, Roopville, Georgia.  Its
President, Roger Harrod, operates the practice.

A critical component to the success of the Debtor's Chapter 11 case
is the liquidation and sale of a substantial portion of its assets
to pay debts.  The Debtor proposes to sell the Assets to a third
party, Atlas, for a total purchase price of $110,000.  No other
asset of the Debtor is included in the sale.  The purchase price
will be paid at Closing, and upon execution and delivery of a bill
of sale from Seller to the Purchaser.  The Purchaser desires to
close on Aug. 17, 2020.

The Debtor estimates that the business would have a fair market
value of approximately $110,000 were they not in bankruptcy and
have all of the associated long-term debt.  It does not believe
that further efforts to market the Assets or sell the Assets at
auction will result in any significant net increase to the estate,
after accounting for the marketing costs and the costs of selling
the Assets at auction.  

The Debtor proposes to remit all net proceeds after payment of
normal, customary, and necessary commissions, closing costs, taxes,
consistent with the APA, to its counsel to be held in escrow
pending further order of the Court.

A copy of the Exhibit A and the Agreement is available at
https://tinyurl.com/yd6qsxym from PacerMonitor.com free of charge.

A hearing on the Motion is set for July 29, 2020 at 10:00 a.m.
Objections, if any, must be filed two business days before the
hearing.

                    About Georgia Deer Farm

Georgia Deer Farm, Inc., a tractor and farm equipment dealer in
Roopville, Ga., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 20-10563) on March 13,
2020.  At the time of the filing, the Debtor had estimated assets
of less than $50,000 and liabilities of between $1 million and $10
million.  

The case was previously assigned to the Hon. W. Homer Drake and
was
later reassigned to the Hon. Lisa Ritchey Craig.

The Debtor is represented by The Falcone Law Firm, P.C.


GERASIMOS ALIVIZATOS: Struks Buying Ocean City Property for $245K
-----------------------------------------------------------------
Gerasimos Alivizatos asks the U.S. Bankruptcy Court for the
District of Maryland to authorize the sale of the real property
located at 109 Caroline St. Unit 211, Ocean City, Maryland to
Jaroslaw and Ilona Struk for $245,000, free and clear of any and
all liens, claims, or encumbrances.

The Debtor operates five pieces of rental real estate as a sole
proprietorship, and he has no employees or agents.  He cares for
the upkeep of the properties with the use of contractors at times,
but he generally take care of all aspects of his rental operations
himself.  The Property is currently vacant of tenants and has no
pending reservations until September 2020.

The Debtor owns the Property fee simple and solely; he currently
values the Property on his Schedule A/B at $248,515.  The Property
has not been appraised.   

The Debtor listed the Property for sale for a significant amount of
time prior to the Petition date, having placed the Property on the
market on July 1, 2019.  Since then, the Property was offered for
sale at the following list prices on the following dates: (i)
originally listed on July 1, 2019 at $325,000; (ii) reduced the
list price on July 20, 2019 to $295,000; (iii) reduced the list
price on August 7, 2019 to $275,000; (iv) reduced the list price on
August 31, 2019 to $269,900; and (v) reduced the list price on May
29, 2020 to $255,000.00 (10 days post-petition date).

On May 30, 2020, the Debtor received two offers on the Property,
one for $240,000 (which was rescinded a day later), and one for
$245,000 from the Buyers.  The Debtor wishes to accept the offer
and sell the Property to the Buyers.  The Motion is to that end.

On June 4, 2020, the Debtor tentatively accepted, pending approval
by the Court and the grant of the Motion, the Buyer's offer and a
contract to sell the Property to the Buyers for $245,000, pursuant
to their Contract.

The employed real estate agent professional, Nicholas Preziosi at
Pen Fed Reality, is responsible for the marketing and the sale of
the Property.  The Realtor prepared the CMA.

The Debtor and the Buyers have no claims against each other.  The
sale proposed is a long-arm sale at fair market value, and per the
Contract is scheduled to close on Aug. 7, 2020.  The Buyers have
paid $2,500 into escrow at a proposed title company.

The Property is encumbered by the following liens:

     a. A lien in the land records of Worcester County, Maryland,
filed by way of a Deed of Trust on April 18, 2006 at Liber 4684
Folio 307 for the benefit of Calvin B. Taylor Banking Company of
Berlin, MD. ("CBT") in the original face value amount of $284,000
("First Lien");

     b. A lien in the Worcester County land records filed by way of
a Statement of Lien filed on Dec. 2, 2010 at Liber 5584 Folio 492
for the benefit of Surf Crest Condominium in the face value amount
of $6,469 ("Second Lien");

     c. A lien in the Circuit Court of Maryland for Worcester
County, ("Md. Circuit Court"), filed by way of a tax lien on Aug.
8, 2012 at case number 23-C-12-001080 for the benefit of the
Maryland State Comptroller in the original face value amount of
$13,795 ("Third Lien");

     d. A lien in the Worcester County land records filed by way of
a Cross-Collateralization Agreement on April 2, 2013 at Liber 6115
Folio 249 for the benefit of CBT in the original face value amount
of $2,094,000, which includes the amount then due under the Deed of
Trust filed at the First Lien, having a present approximate balance
due of $2,148,700 ("Fourth Lien");

     e. A lien in the Md. Circuit Court filed by way of tax lien on
Jan. 1, 2014 at case number 23-C-14-000116 for the benefit of the
Maryland State Comptroller in the original face value amount of
$116,648 ("Fifth Lien"); and,

     f. Four additional liens in the Md. Circuit Court filed by way
of four tax liens, all of which were filed on March 10, 2014 as
follows:

          i. at case number 23-C-14-000297 for the benefit of the
Maryland State Comptroller in the original face value amount of
$159,285 ("Sixth Lien");

          ii. at case number 23-C-14-000298 for the benefit of the
Maryland State Comptroller in the original face value amount of
$89,646 ("Seventh Lien");  

          iii. at case number 23-C-14-000300 for the benefit of the
Maryland State Comptroller in the original face value amount of
$67,651 ("Eighth Lien"); and

          iv. at case number 23-C-14-000301 for the benefit of the
Maryland State Comptroller in the original face value amount of
$190,852 ("Ninth Lien").

The Debtor intends to gain the consent of the Motion from the
holders of the Second, Third, and Fifth through Ninth Liens:

     a. The condominium association has granted preliminary verbal
consent pending review of its records as it believes the Debtor
paid the underlying debt years ago, but that it never satisfied its
Statement of Lien;  

     b. The Maryland State Comptroller has granted preliminary
verbal consent indicating that it would release its liens upon
closing of the sale.

That would then leave the Debtor to deal with only liens One and
Four, both of which are in favor of CBT.

The Debtor intends to gain the consent of his Motion from CBT.
Should it be approved by the Court, upon the sale of the Property,
the payment of all closing costs, settlement charges,
apportionments, and real estate taxes, the Debtor will dedicate
100% of the net proceeds of the sale to paying the debt owed to
CBT.  No other purpose or creditor will participate in the
distribution of the sale's net proceeds other than CBT.  In
consideration of that pledge, CBT has granted preliminary verbal
consent to the Motion.  

The Debtor asks authority with the Granting of the Motion, and upon
closing of and the consummation of the sale contemplated by the
Motion, the further authority to pay all realtor fees as permitted
by the Court's Order Employing the realtor entered in the case.
The total commission to be paid to the realtor is 5% of the sale
price plus a $350 flat fee as disclosed in the Application to
Employ the Realtor to sell the Property.

A copy of the Agreement is available at
https://tinyurl.com/yd3fltmp from PacerMonitor.com free of charge.

Gerasimos Alivizatos sought Chapter 11 protection (Bankr. D. Md.
Case No. 20-15354) on May 19, 2020.  The Debtor tapped George
Roles, Esq., as counsel.  On June 11, 2020, the Court appointed
Nicholas Preziosi at Pen Fed Reality as realtor.



GGI HOLDINGS: Cigna Objects to Disclosure Statement
---------------------------------------------------
Cigna Health and Life Insurance Company, and certain Cigna Dental
Health entities object to the Joint Disclosure Statement filed by
GGI Holdings, LLC, et al.

Cigna points out that the Disclosure Statement fails to propose any
treatment for claims under 11 U.S.C. Sec. 507(a)(5).

Cigna further points out that the Disclosure Statement fails to
assure payment to holders of claims entitled to section 507(a)(5)
priority before any payment to holders of lower priority claims,
e.g., Priority Tax Claims and General Unsecured Claims.

Cigna asserts that the Disclosure Statement is also inadequate
because it does not contain sufficient information regarding the
treatment of the Employee Benefits Agreements under the Plan.

Counsel for Cigna Health and Life Insurance Company and Cigna
Dental Health:

     Jeffrey C. Wisler (DE Bar No. 2795)
     1201 North Market Street, 20th Floor
     Wilmington, DE 19801
     Telephone: (302) 757-7300
     Facsimile: (302) 658-0380
     Email: jwisler@connollygallagher.com

                       About GGI Holdings

Founded in 1965, Gold's Gym operates a network of company-owned and
franchised fitness centers. It owns and operates approximately 95
gyms domestically, and holds franchise agreements for more than 600
gyms domestically and internationally. Its majority owner is TRT
Holdings, Inc. -- acquired the business in 2004.

GGI Holdings, LLC, Gold's Gym International, Inc. and other related
entities sought Chapter 11 protection (Bankr. 20-31318) on May 4,
2020.

GGI Holdings was estimated to have assets and debt of $50 million
to $100 million.

The Hon. Harlin Dewayne Hale is the case judge.

The Debtors tapped Dykema Gossett PLLC as bankruptcy counsel. BMC
Group Inc. is the claims agent.


GI DYNAMICS: Signs Non-Binding Term Sheet for $10M Financing
------------------------------------------------------------
GI Dynamics Inc. has executed a non-binding term sheet with Crystal
Amber Fund Limited, the Company's majority stockholder and a
Related Party for ASX purposes, pursuant to which Crystal Amber
would act as lead investor in a proposed private offering of shares
of Series A Preferred Stock for aggregate gross proceeds of $10
million.  The Series A Preferred Stock will be a new class of the
Company's capital stock, to be created subject to stockholder
approval.

The Proposed Financing, if it proceeds, would involve the issue of
Series A Preferred Stock, valued at an expected price of
approximately $0.1756 per share, in the following closings:

   1. An initial close consisting of a) the conversion of the
      convertible note issued to Crystal Amber on June 18, 2020    
  
      in which the principal amount of $750,000 plus all unpaid
      accrued interest will convert into shares of Series A
      Preferred Stock at a conversion price equal to 80% of the
      Original Issue Price; and b) a further subscription by
      Crystal Amber for an additional number of shares of Series
      A Preferred Stock at the Original Issue Price to bring the
      gross proceeds of the initial close to $5 million.  Close 1
      is expected to occur in the middle of August 2020;

   2. A subsequent close or closes, consisting of the sale of $5
      million of shares of Series A Preferred Stock on the same
      terms as Close 1, which will be initially offered to
      existing as well as new investors.  Crystal Amber will
      purchase any shares not subscribed for by other investors,
      up to the entire $5 million, on or before Oct. 31, 2020.

The capitalization of the Company after the Proposed Financing, if
it occurs, is expected to include an allotment of shares of common
stock that will be reserved for the Company's 2020 Stock Incentive
Plan, which is currently being developed.

                 Governance and Proposed Resignation
                     of the Board of Directors

The four current members of the Board have announced their
intention to resign after the Company is removed from the Official
List of ASX.

Prior to resigning, the members of the Board will appoint at least
one new member to serve on the Board.  The Company will provide
further disclosure regarding the exact timing of each director's
departure as such information becomes available.

In recent years, the Company has gained Investigational Device
Exemption approval for the pivotal trial of EndoBarrier in the
United States (STEP-1 trial), initiated enrollment in the STEP-1
trial, secured a partnership with Apollo Hospitals for a joint
venture partnership and pivotal trial in India (I-STEP trial),
generated significant progress towards a CE mark with the Company's
new notified body, created a world-class Scientific Advisory Board
with world leaders in the treatment of metabolic disorders,
continued to release new EndoBarrier efficacy data, continued to
refine the EndoBarrier procedure, and expanded the Company's
intellectual property portfolio.

"We are pleased with GI Dynamics' progress under the leadership of
Scott Schorer and his dedicated team," said Dan Moore, chairman of
the Board of GI Dynamics.  "EndoBarrier has shown to be an
effective treatment for many patients who suffer from type 2
diabetes, obesity, and associated metabolic disorders.  We thank
Crystal Amber for continuing to provide financing for the company
and believe GI Dynamics is well positioned as a private company to
deliver on the promise of EndoBarrier therapy."

                 Summary of Terms of Proposed Financing

Conditions Precedent

It is currently proposed that the closing of the Proposed
Financing, if it occurs, be conditional on a number of matters,
including but not limited to the following:

   * the Company obtaining all necessary stockholder approvals
     for the issuance of the shares the subject of the Proposed
     Financing, which will include obtaining approval to increase
     the Company's authorized share capital and to create the new
     class of shares (being the Series A Preferred Stock);

   * the Company's removal from the Official List of ASX, which
     is due to occur on Wednesday July 22, 2020 (AEST);

   * after Delisting has occurred, a restructuring of an
     outstanding convertible note and warrant currently held by
     Crystal Amber as follows:

       - the outstanding convertible note issued to Crystal Amber
         on Aug. 21, 2019 being replaced with a new convertible
         promissory note.  The August 2020 Note will accrue
         interest at a rate of 5% per annum, compounded annually,
         with a maturity date of June 30, 2022 and will be
         convertible into shares of common stock at a conversion
         price of 200% of the Original Issue Price per share of
         the Series A Preferred Stock; and

       * the warrant issued on Jan. 13, 2020 to Crystal Amber
         being cancelled and, at the same time, the Company will
         seek to cancel all other warrants, options, performance
         stock units, and similar rights other than vested stock
         options.

Proposed Rights Attaching to the Series A Preferred Stock

The rights and preferences of the Series A Preferred Stock to be
issued under the Proposed Financing will be detailed in a proxy
statement to be provided to stockholders of the Company once
definitive agreements have been entered into in respect of the
Proposed Financing.  These rights and preferences are currently
expected to include the following:

Liquidation Preference: In the event of a Liquidation Event, as
defined in the definitive transaction documents, the proceeds shall
be distributed to the stockholders in the following priority:

   * holders of shares of Series A Preferred Stock shall receive
     payment equal to 120% of the Original Issue Price plus any
     declared (but unpaid) dividends due on each share of Series
     A Preferred Stock; then,

   * any remaining proceeds shall be paid in accordance with the
     rights attaching to any additional preference stock on issue
     at the time of liquidation; then,

   * any remaining proceeds shall be paid on a pro rata basis to
     all common stockholders.

Conversion Rights: The shares of Series A Preferred Stock will
automatically convert into shares of common stock on the earlier of
(i) a majority vote of the holders of shares of Series A Preferred
Stock or (ii) the consummation of an underwritten public offering
with aggregate gross proceeds of greater than $100 million.  The
Series A Preferred Stock will initially convert 1:1 to common stock
and will be adjusted on a broad-based weighted average basis in the
event of an issuance below the Original Issue Price of the Series A
Preferred Stock, subject to customary exceptions.

Future Rights: The Series A Preferred Stock will be given the same
rights as the next series of preferred stock to be issued by the
Company.

Board of Director Appointment Rights: Holders of Series A Preferred
Stock will have the right to appoint two members of the Board of
Directors of the Company, one of whom will be independent of the
Crystal Amber management team.  The Board may appoint additional
directors with super-majority consent (still to be defined) of the
then current Board members.  The total number of directors to be
appointed subsequent to the Delisting and Close 1 occurring under
the Proposed Financing has yet to be determined.

Additional Rights of Investors that Own More than 1 Million Shares
of Common Stock

The term sheet also outlines the following proposed additional
rights for Major Investors:

Rights of First Offer: Prior to any public offering, each Major
Investor shall have a pro rata right, but not an obligation, based
on their percentage equity ownership of the fully-diluted
capitalization of the Company to participate in subsequent
financings of the Company, other than customary excluded
issuances.

Information Rights: Each Major Investor shall receive standard
information rights including standard inspection rights as well as
rights to receive audited financial reports, quarterly and monthly
unaudited financial reports, the annual budget, and business plans
on customary timelines and upon request of the Major Investors.
Audited financial reports shall be prepared by an accounting firm
of national standing.

Right of First Refusal and Co-Sale: Major Investors will have a
right of first refusal and the right to participate in and on a pro
rata basis in transfers of any shares of the Company owned by
stockholders who own more than 1% of Company's issued and
outstanding capital.

Use of Proceeds

Should the Proposed Financing occur, the funds raised are intended
to be used for operations and to support the strategic priorities
of the Company, which include attaining a CE mark for EndoBarrier,
initiation of the I-STEP trial in India and resumption of the U.S.
STEP-1 pivotal trial pending the removal of COVID-19 related
restrictions.

                       About GI Dynamics

Founded in 2003 and headquartered in Boston, Massachusetts, GI
Dynamics, Inc. (ASX:GID) is a developer of EndoBarrier, an
endoscopically-delivered medical device for the treatment of type 2
diabetes and the reduction of obesity.  EndoBarrier is not approved
for sale and is limited by federal law to investigational use only.
EndoBarrier is subject to an Investigational Device Exemption by
the FDA in the United States and is entering concurrent pivotal
trials in the United States and India.

GI Dynamics reported a net loss of $17.33 million for the year
ended Dec. 31, 2019, compared to a net loss of $8.04 million for
the year ended Dec. 31, 2018.  As of March 31, 2020, the Company
had $5.65 million in total assets, $8.71 million in total
liabilities, and a total stockholders' deficit of $3.06 milli on.

Wolf and Company, P.C., in Boston, Massachusetts, the Company's
auditor since 2019, issued a "going concern" qualification in its
report dated March 26, 2020 citing that the Company has suffered
losses from operations since inception and has an accumulated
deficit and working capital deficiency that raise substantial doubt
about the Company's ability to continue as a going concern.


GLOBAL ASSET: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Global Asset Rental, LLC
           f/k/a Global Keg Rental, LLC
        6675 Westwood Blvd.
        Suite 330
        Orlando, FL 32821

Business Description: Global Asset Rental, LLC --
                      http://www.globalkeg.com/-- is an asset  
                      rental and logistics solutions company
                      engaged in the business of renting plastic
                      pallets and kegs.

Chapter 11 Petition Date: July 23, 2020

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 6:20-bk-04126

Debtor's Counsel: Paul J. Battista, Esq.
                  GENOVESE JOBLOVE & BATTISTA, P.A.
                  100 SE 2nd St.
                  44th Floor
                  Miami, FL 33131
                  Tel: 305-349-2300
                  E-mail: pbattista@gjb-law.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $50 million to $100 million

The petition was signed by Soneet R. Kapila, chief restructuring
officer.

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

                     https://is.gd/jyj783

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Blefa Kegs, Inc.                                    $10,126,314
182 Jefferson Pike
LaVergne, TN 37086

2. Cascade Engineering, Inc.                              $117,567
PO Box 888045
GrandRapids, MI 49588

3. China Major Beer Keg Co                                $638,935
No.626 Jinshan Road
Jiangbei District,
Ningbo Zheijang, China

4. Distrilog Group                                         $94,746
Koningin Astridlaan
14 Willebroek
Belgium 2830

5. DSI                                                    $369,784
Getrankearmaturen GmbH
Oerster Kamp 20
Hamm Germany 59069

6. DSV Air and Sea, Inc.                                  $135,592
PO Box 200876
Pittsburg, PA 15251

7. Echo Global Logistics                                  $117,283
22168 Network Pl
Chicago, IL 60673

8. Entinox Autov a del Ebro                               $113,175
Zaragoza, Spain 50639

9. Ernst & Young                                          $168,768
PO Box 933514
Atlanta, GA 31193

10. Fulmer Logistics                                       $98,078
122 Gayoso Ave
Suite 101
Memphis, TN 38103

11. HID Global                                            $312,787
Switzerland SA
Route de Pra-Charbon 27
1614 Granges Veveyse
Switzerland

12. Katoen Natie Italia SRL                               $100,713
Via Della Conca, 3
Cremona, CR Italy 26100

13. Maisonneuve Kegs                                      $395,228
59 Rue de la Gare
C rences
France 50510

14. Myers-Holum                                           $206,485
244 Madison Ave
Suite 217
New York, NY 10016

15. Pioneer Warehousing &                                 $111,538

Distribution LLC
7640 Edgecomb Dr
Liverpool, NY 13088

16. Plasticos Tecnicos                                  $3,099,619
Mexicanos 5BIS, Paseo
Central Valle de Oro
Mexico 76803

17. Schaefer Container Systems      Settlement          $4,079,942
5275 Westgate Dr.Suite D            Agreement
Atlanta, GA 30336

18. Schafer-Sudex s.r.o.            Settlement          $4,079,942
Podol 5                             Agreement
Ledec nad S zavou
Ledec, Germany
CZ-58401

19. Supermonte Group                                   $1,406,589
Italy, Inc.
Via per Carmiano Leverano
LE, Italy 73045

20. Thielmann Portinox               Settlement         $2,850,000
Carretera Pulianas                   Agreement
km 6, Pulianas Spain 18197


GLOBAL EAGLE: S&P Downgrades ICR to 'D' on Chapter 11 Filing
------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on
California-based Global Eagle Entertainment Inc. to 'D' from
'CCC-'. S&P also lowered its issue-level ratings on the company's
debt to 'D'. Its recovery ratings are unchanged.

The downgrade follows Global Eagle's announcement that it has
entered into a definitive "stalking horse" asset purchase agreement
for total consideration of $675 million by an entity established at
the direction of holders of about 90% of the company's senior
secured first-lien term loans. In addition, Global Eagle and some
of its U.S. subsidiaries have filed voluntary petitions under
Chapter 11 of the U.S. Bankruptcy Code. Global Eagle will continue
operating during and following the court-supervised process.

In connection with the proceedings, Global Eagle will obtain $80
million in debtor-in-possession financing from the investor group.
If the prepackaged plan is approved and the stocking horse bid is
accepted, Global Eagle will emerge with about $400 million of
debt.

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

-- Health and safety


GNC HOLDINGS: Paul, Landis Represent FILO Term Loan Group
---------------------------------------------------------
In the Chapter 11 cases of GNC Holdings, Inc., et al., the law
firms of Paul, Weiss, Rifkind, Wharton & Garrison LLP and Landis
Rath & Cobb LLP submitted a verified statement under Rule 2019 of
the Federal Rules of Bankruptcy Procedure, to disclose that they
are representing the Ad Hoc Group.

In or around March 2020, certain Members of the Ad Hoc Group
engaged Paul, Weiss to represent the Ad Hoc Group in connection
with the Members' holdings of the FILO Term Loans. In June 2020,
the Ad Hoc Group also engaged LRC to represent it in connection
with the Ad Hoc Group's Holdings of the FILO Term Loans.

Pursuant to the Interim Order (I) Authorizing the Debtors to Obtain
Postpetition Financing, (II) Authorizing the Debtors to Use Cash
Collateral, (III) Granting Liens and Providing Superpriority
Administrative Expense Claims, (IV) Granting Adequate Protection to
Prepetition Secured Lenders, (V) Modifying Automatic Stay, (VI)
Scheduling a Final Hearing, and (VII) Granting Related Relief
[Docket No. 134], the FILO Term Loans were refinanced into FILO
Term Loans under that certain Debtor-in-Possession Amended and
Restated ABL Credit Agreement, by and among General Nutrition
Centers, Inc. as borrower, and JPMorgan Chase Bank, N.A., as
administrative agent and collateral agent for and on behalf of
itself and the other lenders party thereto.

As of July 9, 2020, members of the Ad Hoc Group and their
disclosable economic interests are:

COHANZICK MANAGEMENT, LLC
427 Bedford Road
#230
Pleasantville, NY 10570
Attn: David K. Sherman

* $4,000,000.00 in aggregate principal amount of FILO Term Loans

DSC MERIDIAN CREDIT OPPORTUNITIES MASTER
888 Seventh Avenue 27th Floor
New York, NY 10106
Attn: David Gulkowitz

* $1,799,470.00 in aggregate principal amount of FILO Term Loans

FIRST PACIFIC ADVISORS, LP
11601 Wilshire Blvd. Suite 1200
Los Angeles, CA 90025
Attn: Eric R. Brown

* $47,515,000.00 in aggregate principal amount of FILO Term Loans

GREAT AMERICAN CAPITAL PARTNERS
11100 Santa Monica Blvd. Suite 800
Los Angeles, CA 90025
Attn: Robert Louzan

* $9,227,525.00 in aggregate principal amount of FILO Term Loans

HAWKEYE CAPITAL MANAGEMENT, LLC
1251 Avenue of the Americas 8th Floor
New York, NY 10020
Attn: Lee Ehly

* $10,206,155.00 in aggregate principal amount of FILO Term Loans

MIDOCEAN CREDIT FUND MANAGEMENT, L.P.
320 Park Avenue Suite 1600
New York, NY 10022
Attn: Damion Brown

* $19,823,356.00 in aggregate principal amount of FILO Term Loans

VOYA ALTERNATIVE ASSET MANAGEMENT
7337 East Doubletree Ranch Road Suite 100
Scottsdale, AZ 85258
Attn: Jim Essert

* $2,283,350.00 in aggregate principal amount of FILO Term Loans

VENOR CAPITAL MANAGEMENT, LP
7 Times Square
Suite 4303
New York, NY 10036
Attn: Michael Wartell

* $7,000,000.00 in aggregate principal amount of FILO Term Loans

Counsel does not represent or purport to represent (a) any of the
Members of the Ad Hoc Group in their individual capacities or (b)
any party other than the Ad Hoc Group in these Chapter 11 Cases.
Upon information and belief formed after due inquiry, Counsel does
not currently hold any claim against, or interest in, the Debtors
or their estates.

Nothing in this Verified Statement, including Exhibit A hereto, is
intended to or should be construed to constitute: (i) a waiver or
release of any claims or interests against the Debtors by any
Member of the Ad Hoc Group; (ii) an admission with respect to any
fact or legal theory; or (iii) an amendment to, or restatement of,
any proof of claim or interest in the Debtors. Nothing herein
should be construed as a limitation upon, or a waiver of, any Ad
Hoc Group Members' right to assert, file and/or amend a proof of
claim in accordance with applicable law and any orders entered in
these Chapter 11 Cases.

The Ad Hoc Group and Counsel reserve the right to amend or
supplement this Verified Statement as necessary in accordance with
Rule 2019 of the Bankruptcy Rules.

Counsel to the Ad Hoc Group can be reached at:

          LANDIS RATH & COBB LLP
          Richard S. Cobb, Esq.
          Matthew R. Pierce, Esq.
          919 Market Street, Suite 1800
          Wilmington, DE 19801
          Telephone: (302) 467-4400
          Facsimile: (302) 467-4450
          Email: cobb@lrclaw.com
                 pierce@lrclaw.com

             - and -

          PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
          Andrew N. Rosenberg, Esq.
          Jacob A. Adlerstein, Esq.
          Diane Meyers, Esq.
          Christopher Hopkins, Esq.
          1285 Avenue of the Americas
          New York, NY 10019
          Telephone: (212) 373-3000
          Facsimile: (212) 757-3990
          Email: arosenberg@paulweiss.com
                 jadlerstein@paulweiss.com
                 dmeyers@paulweiss.com
                 chopkins@paulweiss.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/aAD2wN and https://is.gd/IFEKpx

                    About GNC Holdings

GNC Holdings Inc. -- http://www.gnc.com/-- is a global health and

wellness brand with a diversified omni-channel business.  In its
stores and online, GNC Holdings sells an assortment of performance
and nutritional supplements, vitamins, herbs and greens, health
and
beauty, food and drink, and other general merchandise, featuring
innovative private-label products as well as nationally recognized
third-party brands, many of which are exclusive to GNC Holdings.

GNC Holdings and its affiliates sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 20-11662) on
June 23, 2020.  The Debtors disclosed $1,415,957,000 in assets and
$895,022,000 in liabilities as of March 31, 2020.

Judge Karen B. Owens oversees the cases.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Latham
& Watkins, LLP as legal counsel; Evercore Group, LLC as investment
banker and financial advisor; FTI Consulting, Inc. as financial
advisor; and Prime Clerk as claims and noticing agent.  Torys LLP
is the legal counsel in the Companies' Creditors Arrangement Act
case.


GNC HOLDINGS: Sept. 8 Auction of All Assets Set
-----------------------------------------------
Judge Karen B. Owens of the U.S. Bankruptcy Court for the District
of Delaware authorized the bidding procedures proposed by GNC
Holdings, Inc. and its debtor-affiliates in connection with the
sale of substantially all their assets to Harbin Pharmaceutical
Group Holding Co., Ltd. or its designee for $760 million, subject
to overbid.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Sept. 4, 2020 at 4:00 p.m. (ET)

     b. Initial Bid: The value of each Bid for all or substantially
all of the Debtors' Assets must exceed (a) the Minimum Purchase
Price, plus (b) the amount of the Bid Protections payable to any
Stalking Horse Bidder, if applicable, plus (c) the minimum Bid
increment of $5 million (or such other amount as the Debtors may
determine in consultation with the Consultation Parties, which
amount may be less than $5 million, including with respect to a Bid
for less than all Assets).  Each Bid seeking to acquire an
individual asset or combination of assets that are less than all of
the Debtors' Assets must have a value that exceeds the value that
would be realized for such individual asset or combination of
assets pursuant to a Bid for substantially all of their Assets.
The Debtors and their advisors, will determine, in their reasonable
business judgment, the value of any assumed liabilities in any Bid.


     c. Deposit: 7.5% of the aggregate value of the cash and
non-cash consideration of the Bid

     d. Auction: Sept. 8, 2020, at 10:00 a.m. (ET) is the date and
time the Auction, if one is needed, will be held in accordance with
the Bidding Procedures at the offices of counsel to the Debtors:
Latham & Watkins LLP, 330 North Wabash Avenue, Suite 2800, Chicago,
Illinois 60611 telephonically, or by video via Zoom.

     e. Bid Increments: $5 million

     f. Sale Hearing: Sept. 14, 2020 at 1:00 p.m. (ET)

     g. Closing: Sept. 21, 2020

     h. Credit Bid: At the Auction, a Secured Creditor will have
the right to credit bid all or a portion of such Secured Creditor's
allowed claims.

     i. Bid Protection: The Stalking Horse Bid provides for payment
of a break-up fee equal to $22.8 million (i.e., 3% of the Purchase
Price) and an expense reimbursement not exceeding $3 million.

The Assets sold pursuant to these Bidding Procedures will be
conveyed at the Closing in their then present condition, "as is,
with all faults," and without any warranty whatsoever, express or
implied.

The Debtors will file with the Court and serve via email on the
Objection Notice Parties and Counterparties and their counsel (if
known) financial and other information demonstrating adequate
assurance of future performance of the Assigned Contracts by any
Stalking Horse Bidder (including the name of the Stalking Horse
Bidder and a description of its business) on Aug. 10, 2020.

Subject to the terms of the Bidding Procedures, in the event of a
competing Qualified Bid, the Stalking Horse Bidder (if any) will be
entitled, but not obligated, to submit overbids and will be
entitled in any such overbids to credit bid all of its claims for
Bid Protections pursuant to section 363(k) of the Bankruptcy Code.


The Sale Notice is approved.  As soon as reasonably practicable
following the entry of the Order, the Debtors will cause the
Bidding Procedures, Sale Notice, and Assumption Notice to be served
upon the Notice Parties.

The Assumption Procedures are approved to the extent set forth in
the Order.  On July 31, 2020, the Debtors will file with the Court
and serve the Assumption Notice on all counterparties to all
potential Assigned Contracts.

The Assumption Notice and the Post-Auction Notice are approved.

Following entry of the Sale Order, if the Successful Bidder fails
to consummate the Successful Bid, the Debtors may designate the
Back-Up Bid to be the new Successful Bid and the Back-Up Bidder to
be the new Successful Bidder, and, the Debtors will be authorized,
but not required, to consummate the transaction with the Back-Up
Bidder without further order of the Court, so long as such Back-Up
Bid will have been approved in connection with the Court's approval
of the Successful Bid, or subject to Court approval if not.

Notwithstanding Bankruptcy Rule 6004(h), the terms and conditions
of the Order are immediately effective and enforceable upon its
entry.

A copy of the Agreement and the Bidding Procedures is available at
https://tinyurl.com/y5lgakdr from PacerMonitor.com free of charge.

                      About GNC Holdings

GNC Holdings Inc. is a global health and wellness brand with a
diversified omni-channel business. In its stores and online, GNC
Holdings sells an assortment of performance and nutritional
supplements, vitamins, herbs and greens, health and beauty, food
and drink, and other general merchandise, featuring innovative
private-label products as well as nationally recognized
third-party
brands, many of which are exclusive to GNC Holdings. Visit
www.gnc.com for more information.

GNC Holdings and its affiliates sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 20-11662) on
June 23, 2020. Debtors disclosed $1,415,957,000 in assets and
$895,022,000 in liabilities as of March 31, 2020.

Judge Karen B. Owens oversees the cases.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Latham
& Watkins, LLP as legal counsel; Evercore Group, LLC as investment
banker and financial advisor; FTI Consulting, Inc. as financial
advisor; and Prime Clerk as claims and noticing agent.  Torys LLP
is the legal counsel in the Companies' Creditors Arrangement Act
case.


GRAHAM PACKAGING: S&P Assigns 'B' ICR; Outlook Stable
-----------------------------------------------------
S&P Global Ratings assigned its 'B' issuer credit rating to
resin-based rigid packaging solutions designer and manufacturer
Graham Packaging Co. Inc., with stable outlook.

Graham is issuing $1.92 billion of debt to fund a distribution to
its parent company, Reynolds Group Holdings Ltd. (B+/Negative/--).
The proposed debt financing will comprise a $100 million undrawn
revolving credit facility, $1.41 billion first-lien term loan, and
$510 million senior unsecured notes.  Following the distribution to
Reynolds Group, Graham will be designated as an unrestricted,
wholly owned subsidiary of Reynolds Group.

Meanwhile, S&P assigned its 'B' issue-level rating and '3' recovery
rating to the company's proposed $100 million revolving credit
facility and $1.41 billion first-lien term loan. S&P also assigned
its 'CCC+' issue-level rating and '6' recovery rating to the
company's proposed $510 million senior unsecured notes.

"Our rating reflect Graham's established position as one of the
largest players in the rigid container space and its sizeable pro
forma debt load," S&P said.

Graham is one of the largest producers of resin-based rigid
containers, producing approximately 16 billion containers a year
and with annual sales approaching $2 billion. S&P said, "The
company primarily services the consumer non-discretionary
end-markets, which S&P believes benefits from predictable,
recurring demand volumes through economic cycles. Graham enjoys
long-term relationships with several global consumer packed goods
(CPG) companies and is considered an essential partner for many of
its customers; approximately two-thirds of Graham's facilities are
dedicated to one to two customers. A by-product of this dynamic is
that Graham has modest customer concentration, with its largest
customer accounting for approximately 10% of total sales and its
top five customers representing roughly one-third of total sales.

"While we recognize the company's customer concentration, we view
this less as a risk and more as a testament to the long-term
relationships Graham has developed over time. In addition, we
believe this supports modest barriers to entry because we believe
it would require competitors to invest significant capital to usurp
Graham's established footprint," S&P said.

The majority of Graham's contracts are under multiyear contracts,
providing the company with good demand visibility and hedges
against resin volatility due to the pass-through mechanism imbedded
its contracts. The company has exhibited relatively stable gross
margins over the past several years due to its short-term pass
through mechanisms, and S&P expects this trend to continue for the
foreseeable future.

While Graham is not immune to the growing market sentiment for more
environmentally friendly packaging solutions, S&P believes demand
will shift more toward increased use of postconsumer recycled (PCR)
resin than a shift to alternative substrates. S&P believes there
are few, if any, alternative substrates that could provide the same
standards as resin at comparable price points and that can be
provided on a large scale. S&P views the use of PCR as a more
viable solution since it provides similar standards to that of
virgin resin and can be implemented in existing manufacturing
facilities. PCR supply represents a small portion (7% of total
resin purchases) of Graham's overall resin usage, but S&P expects
this to increase over time. PCR is notably more expensive than
virgin resin and is in very limited supply. As a result, the rating
agency would expect some gross margin compression if PCR makes up a
larger proportion of Graham's resin usage going forward.

Graham will be operating with a significant debt load pro forma for
this transaction, with debt leverage of about 6x. That said, S&P
expects the company's predictable and recurring business model will
effectively support the large debt load and can provide modest debt
repayment beyond its minimal required amortization given the rating
agency's expectations for free cash flows.

Graham's exposure to mostly consumer nondiscretionary end markets
should support relatively stable demand despite broader market
volatility.   S&P believes Graham is well positioned to weather the
ongoing market uncertainty stemming from the coronavirus pandemic
due to the company's broad exposure to primarily consumer
nondiscretionary end markets. This seems to be reflected in the
company's performance in the first quarter of 2020 because all of
its business segments, with the exception of automotive and home
care, saw low-to-mid-single-digit unit volume growth. Over the next
12 months, S&P expects volumes to remain elevated, supported by the
sustained trend towards stay-at-home consumption and elevated
demand for cleaning/sanitizing products. The rating agency expects
demand for automotive lubricants to remain depressed, but volumes
to grow from what were likely April/May bottoms and to remain well
below pre-COVID-19 levels.

Combined with contributions from its previously completed
restructurings and productivity initiatives, S&P expects Graham
will see modest EBITDA growth over the next 12 months despite the
challenging macro-economic backdrop.

S&P expects ongoing productivity initiatives to be the primary
driver of future growth.

Graham continues to undergo a sizable restructuring process. Over
the past several years, Graham has exited certain markets (i.e.
personal care) and closed 15 facilities (approximately 20%
reduction) in an effort to focus on product categories with longer
run production. With these rationalization opportunities largely
complete, S&P expects Graham's focus over the next 12-18 months
will be to pursue a number of productivity initiatives, such as
network/production optimization and centralizing support functions,
that the rating agency expects to greatly improve operating
leverage and drive margin expansion. Graham expects these
initiatives will be a meaningful contributor to EBITDA growth over
the next several years. The magnitude of these initiatives is
sizable and reflected in S&P's capital expenditures expectation of
about $150 million per year through 2021.

"We view these opportunities as Graham's primary growth drivers
over the next several years and consistent with trends in the
broader packaging sector. With long-term organic top-line growth
prospects limited due to the mature end markets served, Graham and
the broader packaging sector are highly dependent on ongoing
productivity initiatives to drive sustained profitability growth,"
S&P said.

"Specific to Graham, we believe the magnitude of these productivity
initiatives is much larger relative to its peers and provides the
company with significant upside opportunity. That said, we also
recognize this as a key risk for Graham because poor implementation
or less-than-expected margin contribution could pressure the
company's free cash flows in light of the sizable estimated capital
investment," the rating agency said.

Ratings are likely to be constrained because S&P expects debt
leverage to remain elevated under current ownership.

Graham will remain a wholly owned, unrestricted subsidiary of
Reynolds Group Holding Ltd., which is ultimately owned by an
individual shareholder, Graeme Hart. Reynolds Group has
consistently operated with significant debt leverage, and S&P
expects that to continue under current ownership. S&P believes any
meaningful debt reduction would likely be temporal, since it
expects ownership will pursue shareholder rewards if debt leverage
falls below 5x. As a result, S&P believes Graham's rating upside is
constrained under its existing ownership. The rating agency views
Graham as moderately strategic to its parent, Reynolds Group, based
on its importance to the group's long-term strategy.

The stable outlook reflects S&P's expectation that steady demand
volumes combined with contributions from the company's ongoing
productivity improvement initiatives and sizable capital
investments will support modest operating profit growth and margin
expansion and enable the company to maintain debt leverage at about
6x over the next 12 months.

"We could lower our ratings if a sustained fall off in sales
volumes or delays/setbacks in Graham's ongoing productivity
improvement initiatives caused operating margins or free cash flows
to deteriorate, such that leverage exceeded 7x on a sustained
basis. This could occur if operating margins were 300 basis points
(bps) below our base case scenario," S&P said.

"Although unlikely, we could raise our ratings if better than
expected operating performance combined with meaningful debt
reduction caused leverage to approach 5x on a sustained basis. This
could occur if operating margins were 300 bps above our base case
scenario. In conjunction with any improved credit metrics, we would
require a commitment from Graham and its owner that they would
maintain financial policies that support credit metrics at the
improved levels," the rating agency said.


GREEN VISION: Has $76K Net Loss for Quarter Ended March 31, 2019
----------------------------------------------------------------
On May 28, 2020, Green Vision Biotechnology Corp. filed its
quarterly report on Form 10-Q, disclosing a net loss of $75,694 on
$29,834 of net revenue for the three months ended March 31, 2019,
compared to a net loss of $233,313 on $52,917 of net revenue for
the same period in 2018.

At March 31, 2019, the Company had total assets of $3,273,454,
total liabilities of $9,762,842, and $6,489,388 in total
stockholders' deficit.

The Company said, "The independent auditors' report accompanying
our December 31, 2018 audited financial statements filed in Form
10-K on May 15, 2020 contained an explanatory paragraph expressing
substantial doubt about our ability to continue as a going
concern."

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

                       https://is.gd/NOhlj7

Tempe, Ariz.-based Green Vision Biotechnology Corp., formerly Vibe
Wireless Corp., is a shell company.  The Company is focused in the
process of exploring business opportunities.  The Company focuses
on identifying business opportunities to either develop and market
products and services, enter into strategic alliances and
relationships, or acquire existing companies or assets in selected
markets.



GRUPO AEROMEXICO: Files for Chapter 11 Amid Pandemic
----------------------------------------------------
Grupo Aeromexico S.A.B. de C.V and certain of its affiliates at the
end of June 2020 filed voluntary Chapter 11 petitions in the United
States to implement a financial restructuring while continuing to
serve customers.  The Company intends to use the Chapter 11 process
to strengthen its financial position and implement necessary
operational changes to address the impact of the ongoing COVID-19
pandemic and create a sustainable platform for the future.

"Our industry faces unprecedented challenges due to significant
declines in demand for air transportation," said Andrés Conesa,
Chief Executive Officer of Aeromexico.  "We are committed to taking
the necessary measures so that we can operate effectively in this
new landscape and be well prepared for a successful future when the
COVID-19 pandemic is behind us. We expect to utilize the Chapter 11
process to strengthen our financial position, obtain new financing
and increase our liquidity, and create a sustainable platform to
succeed in an uncertain global economy."

Aeromexico’s operations will continue. In July the Company
expects to double the number of its domestic flights and quadruple
the number of international flights as compared to June. Aeromexico
is committed to continuing to safely expand flight service in the
coming months, in line with local regulations and customer demand.

Business Continuity

This U.S. Chapter 11 process is designed to allow companies to
maintain regular operations and all current tickets, reservations,
electronic vouchers and Premier Points will remain valid and
available for use by customers according to the Company's existing
terms and conditions. Aeromexico will continue to operate in
accordance with existing permits and concessions throughout this
process.

The Company does not expect to be any changes to employees'
day-to-day job responsibilities, and employees will continue to be
paid and receive benefits in the ordinary course of business.
Aeromexico also intends to continue ordering goods and services
from its suppliers and expects to meet its current commercial
agreements with partner airlines, including its key and
industry-leading Joint Cooperation Agreement with Delta Air Lines.

Aeromexico is also in talks to obtain new, preferential financing
for the Company, as part of the restructuring within the
reorganization procedure (which is known as "debtor-in-possession"
or “DIP financing").  Aeromexico is confident that it will
finalize formal commitments for DIP financing that, along with the
Company's available cash and subject to Court approval, would
provide sufficient liquidity for Aeromexico to meet its obligations
going forward.

Commitment to Health and Safety

Since the beginning of the pandemic, Aeromexico has implemented
measures to protect the health and safety of its employees and
customers in all phases of its operations, observing stringent
health protocols and guidelines recommended by international
authorities.

"Our main priority has always been to maintain a safe environment
for our clients and collaborators, and we know that today it is
more important than ever," said Mr. Conesa.  "We encourage our
customers to review the detailed information we have on our website
https://vuela.aeromexico.com/reorganization about all that we are
doing to make flying with us safe and enjoyable."

Additional information

Additional information about the Chapter 11 case is available by
visiting Aeromexico's dedicated website,
https://vuela.aeromexico.com/reorganization. Access to Court filing
and other documents related to this process can be found at
https://dm.epiq11.com/Aeromexico- [dm.epiq11.com] or by calling
Aeromexico’s restructuring information line at:

855-917-3578 (Toll free in the U.S.)
503-520-4473 (International callers)

                    About Grupo Aeromexico

Grupo Aeromexico, S.A.B. de C.V. is a holding company whose
subsidiaries are engaged in commercial aviation in Mexico and the
promotion of passenger loyalty programs. Aeromexico, Mexico’s
global airline has its main hub at Terminal 2 at the Mexico City
International Airport. Its destinations network features the United
States, Canada, Central America, South America, Asia and Europe.

The Group's operating fleet of 119 aircraft is comprised of Boeing
787 and 737 jet airliners and Embraer 170 and 190 models.
Aeromexico is a founding member of the SkyTeam airline alliance,
which celebrated its 20th anniversary, and serves in 170 countries
by the 19 SkyTeam airline partners. Aeromexico created and
implemented a Health and Sanitization Management System (HSMS) to
protect its customers and employees at all steps of its
operations.

Grupo Aeromexico and three of its subsidiaries sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 20-11563) on June 30,
2020.  In the petitions signed by CFO Ricardo Javier Sanchez Baker,
the Debtors were estimated to have consolidated assets and
liabilities of $1 billion to $10 billion.

Davis Polk & Wardwell LLP and Cervantes Sainz are acting as
Aeromexico's legal counsel, Rothschild & Co. is acting as financial
advisor, and AlixPartners, LLP is serving as restructuring advisor
to the Company.  Epiq Bankruptcy Solutions is the claims agent.


HAJJAR BUSINESS: July 30 Auction of Wayne Property Set
------------------------------------------------------
Judge John K. Sherwood of the U.S. Bankruptcy Court for the
District of New Jersey authorized the bidding procedures proposed
by Hajjar Business Holdings, LLC and its affiliates in connection
with the sale of the real property located at 234 Hamburg Turnpike,
Wayne, New Jersey to St. Joseph's University Medical Center, Inc.,
subject to overbid.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: July 27, 2020, by 5:00 p.m.

     b. Initial Bid: $11.8 million

     c. Deposit: $1.18 million

     d. Auction: An auction will be conducted telephonically before
Judge Sherwood at the U.S. States Bankruptcy Court, Newark, New
Jersey, where these Chapter 11 cases are pending, on July 30, 2020,
at 10:00 a.m.  If the Debtors do not receive a Qualified Bid by the
Bid Deadline, the Debtors will not conduct the Auction and will
designate St. Joseph's bid as the Successful Bid.   

     e. Bid Increments: $50,000

     f. Sale Hearing: A hearing to confirm the results of the
Auction, if any, and/or to approve the sale of the Property will be
conducted immediately following the Auction, or as soon thereafter
as is practical.

To the extent that there are Qualifying Bids, St. Joseph's, by
submitting its stalking horse bid, has agreed to be a "Backup
Bidder" in the event it is outbid by another Qualified Bidder.

               About Hajjar Business Holdings

Hajjar Business Holdings, LLC and 12 of its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J.
Case No. 20-12465) on Feb. 13, 2020.  At the time of the filing,
Hajjar Business Holdings was estimated to have assets of between
$100,000 to $500,000 and liabilities of between $50 million to
$100
million.  

Judge John K. Sherwood oversees the Debtors' cases.

Anthony Sodono, III, Esq. and Sari B. Placona, Esq., of McManimon,
Scotland & Baumann, LLC, serve as counsel to the Debtors.



HERTZ HOLDINGS: Suspends the $500M Stock Sale Pending SEC Review
----------------------------------------------------------------
Hertz said on June 17, 2020, it has put its plans to sell $500
million worth of stock on hold because the offering is being
reviewed by the Securities and Exchange Commission.

On June 12, 2020, the United States Bankruptcy Court for the
District of Delaware granted the motion of Hertz Global Holdings,
Inc. for authority to enter into an Offer and Sale Agreement and to
sell shares of its common stock, par value $0.01 per share.  The
Company commenced an "at the market" offering of up to $500 million
of its Common Stock after the filing on June 15, 2020, of a
prospectus supplement under its effective shelf registration
statement on Form S-3 (File No. 333-231878) (the "ATM Program").

In the afternoon on June 15, 2020, the Staff of the Securities and
Exchange Commission's Division of Corporation Finance verbally
notified the Company that the Staff was reviewing the Prospectus
Supplement. Promptly thereafter, the Company suspended all sales of
Common Stock under the ATM Program.

Effective June 18, 2020, the Finance Committee of the Board of
Directors determined that it was in the best interests of the
Company to terminate the ATM Program and directed that the ATM
Program be terminated.

                      About Hertz Corp.

Hertz Corp. and its subsidiaries -- http://www.hertz.com/--
operate a worldwide vehicle rental business under the Hertz,
Dollar, and Thrifty brands, with car rental locations in North
America, Europe, Latin America, Africa, Asia, Australia, the
Caribbean, the Middle East, and New Zealand.  The Company also
operates a vehicle leasing and fleet management solutions
business.

On May 22, 2020, The Hertz Corporation  and certain of its U.S.
and Canadian subsidiaries and affiliates filed voluntary petitions
for reorganization under Chapter 11 in the U.S. Bankruptcy Court
(Bankr. D. Del. Case No. 20-11218).

The Hon. Mary F. Walrath is the presiding judge.

White & Case LLP is serving as legal advisor, Moelis & Co. is
serving as investment banker, and FTI Consulting is serving as
financial advisor.  Richards, Layton & Finger, P.A., is the local
counsel.

Prime Clerk LLC is the claims agent, maintaining the page
https://restructuring.primeclerk.com/hertz


HI-CRUSH INC: Paul, Porter Hedges Represent Noteholder Group
------------------------------------------------------------
In the Chapter 11 cases of Hi-Crush Inc., et al., the law firms of
Paul, Weiss, Rifkind, Wharton & Garrison LLP and Porter Hedges LLP
submitted a verified statement under Rule 2019 of the Federal Rules
of Bankruptcy Procedure, to disclose that they are representing the
Ad Hoc Group.

In or around March 2020, the Ad Hoc Group engaged Paul, Weiss to
represent the Ad Hoc Group in connection with the Members' holdings
of the Senior Notes. In June 2020, the Ad Hoc Group also engaged
Porter Hedges to represent it in connection with the Ad Hoc Group's
holdings of the Senior Notes.

As of July 10, 2020, members of the Ad Hoc Group and their
disclosable economic interests are:

BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC
280 Park Avenue 12th Floor
New York, NY 10017
Attn: Richard Horne

* $105,056,000 in aggregate principal amount of Senior Notes

CLEARLAKE CAPITAL GROUP, L.P.
233 Wilshire Blvd
Suite #800
Santa Monica, CA 90401
Attn: Fred Ebrahemi

* $206,995,000 in aggregate principal amount of Senior Notes

MSD PARTNERS L.P.
645 Fifth Avenue
21st Floor
New York, NY 10022
Attn: Marcello Liguori

* $9,000,000 in aggregate principal amount of Senior Notes

PINEBRIDGE INVESTMENTS
65 East 55th Street
New York, NY 10022
Attn: Shivank Kumar

* $33,609,000 in aggregate principal amount of Senior Notes

WHITEBOX ADVISORS, LLC
3033 Excelsior Blvd Suite 500
Minneapolis, MN 55416
Attn: Scott Specken

* $68,519,000 in aggregate principal amount of Senior Notes

Counsel does not represent or purport to represent (a) any of the
members of the Ad Hoc Group in their individual capacities or (b)
any party other than the Ad Hoc Group in the Chapter 11 Cases.

Counsel submits this Statement out of an abundance of caution, and
nothing herein should be construed as an admission that the
requirements of Bankruptcy Rule 2019 apply to Counsel's
representation of the Ad Hoc Group.

Nothing in this Verified Statement, including Exhibit A hereto, is
intended to or should be construed to constitute: (i) a waiver or
release of any claims or interests against the Debtors by any
member of the Ad Hoc Group; (ii) an admission with respect to any
fact or legal theory; or (iii) an amendment to, or restatement of,
any proof of claim or interest in the Debtors. Nothing herein
should be construed as a limitation upon, or a waiver of, any Ad
Hoc Group members’ right to assert, file and/or amend its claims
or interests in accordance with applicable law and any orders
entered in these Chapter 11 Cases.

The Ad Hoc Group and Counsel reserve the right to amend or
supplement this Verified Statement as necessary in accordance with
Rule 2019 of the Bankruptcy Rules.

Co-Counsel to the Ad Hoc Group can be reached at:

          PORTER HEDGES LLP
          John F. Higgins, Esq.
          Eric M. English, Esq.
          M. Shane Johnson, Esq.
          Megan N. Young-John, Esq.
          1000 Main Street, 36th Floor
          Houston, TX 77002-6341
          Telephone: (713) 226-6648
          Facsimile: (713) 226-6248
          Email: jhiggins@porterhedges.com
                 eenglish@porterhedges.com
                 sjohnson@porterhedges.com
                 myoung-john@porterhedges.com

             - and -

          PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
          Brian S. Hermann, Esq.
          Elizabeth R. McColm, Esq.
          John T. Weber, Esq.
          1285 Avenue of the Americas
          New York, NY 10019
          Telephone: (212) 373-3000
          Facsimile: (212) 757-3990
          Email: bhermann@paulweiss.com
                 emccolm@paulweiss.com
                 jweber@paulweiss.com

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

                        About Hi-Crush

Hi-Crush Inc. -- http://www.hicrushinc.com/-- is a
fully-integrated provider of proppant and logistics services for
hydraulic fracturing operations, offering frac sand production,
advanced wellsite storage systems, flexible last mile services, and
innovative software for real-time visibility and management across
the entire supply chain.  The Company's strategic suite of
solutions provides operators and service companies in all major
U.S. oil and gas basins with the ability to build safety,
reliability and efficiency into every completion.

Hi-Crush reported a net loss of $413.56 million for the year ended
Dec. 31, 2019, compared to net income of $137.59 million for the
year ended Dec. 31, 2018.



HORNBECK OFFSHORE: Court Approves Reorganization Plan
-----------------------------------------------------
Daniel Gill of Bloomberg Law reports that bankrupt offshore oil-rig
transportation services provider Hornbeck Offshore Services Inc.
won approval of its reorganization plan, which is supported by
nearly 100% of the company's first and second lien creditors and
unsecured note holders.

The plan, approved by Judge David R. Jones of the U.S. Bankruptcy
Court for the Southern District of Texas, will give equity in the
company to secured lenders and doesn't affect unsecured creditors
holding about $12.3 million in claims.

"The world is a better place with a properly capitalized Hornbeck,"
Judge Jones told company founder and CEO Todd Hornbeck.

                About Hornbeck Offshore Services

Hornbeck Offshore Services, Inc. provides marine transportation
services to exploration and production, oilfield service, offshore
construction and U.S. military customers.  Hornbeck and its
affiliates were incorporated in 1997 and are headquartered in
Covington, La.

On May 19, 2020, Hornbeck Offshore Services and its affiliates
sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No.
20-32679). Hornbeck Offshore disclosed total assets of
$2,691,806,000 and total liabilities of $1,493,912,000 as of Sept.
30, 2019.

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

The Debtors tapped Kirkland & Ellis, LLP as general bankruptcy
counsel; Winstead PC as co-counsel; Guggenheim Securities, LLC as
financial advisor; and Portage Point Partners, LLC as restructuring
advisor.  Stretto is the claims agent.


HOTEL CUPIDO: Has Until July 31 to File Plan & Disclosures
----------------------------------------------------------
Judge Edward A. Godoy has entered an order within which the
deadline for Hotel Cupido Inc. to file the Disclosure Statement and
Plan is extended until July 31, 2020.

A copy of the order dated June 16, 2020, is available at
https://tinyurl.com/y84vuect from PacerMonitor.com at no charge.

                      About Hotel Cupido

Hotel Cupido Inc. is a privately held company that owns and
operates hotels and motels. Hotel Cupido sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 19-03799)
on June 30, 2019.  At the time of the filing, the Debtor disclosed
$488,176 in assets and $3,213,031 in liabilities.  The case is
assigned to Judge Edward A. Godoy.  The Debtor is represented by
Bufete Quinones Vargas & Asoc.


IAVF TIMBER: S&P Lowers 2018 Revenue Bond Ratings to 'B+(sf)'
-------------------------------------------------------------
S&P Global Ratings lowered its ratings on Upper Illinois River
Valley Development Authority's series 2018A-1 and 2018A-2 senior
multifamily housing revenue bonds to 'B+(sf)' from 'BBB+ (sf)' and
lowered its rating on the authority's series 2018B subordinate
multifamily housing revenue bonds to 'B(sf)' from 'BBB-(sf)'. S&P
subsequently removed the ratings from CreditWatch with negative
implications. Both classes of debt were issued for 2018 IAVF Timber
Oaks LLC's and 2018 IAVF Prairie View LLC's Timber Oaks and Prairie
View apartments projects. The outlook on both classes is negative.
The ratings are no longer under criteria observation.

The series 2018A-1, 2018A-2, 2018B multifamily housing revenue
bonds were issued in the par amount of $49.32 million, $2.2
million, and $8.88 million, respectively, for a total issuance of
$60.4 million. The bonds were issued pursuant to and secured by a
trust indenture dated Nov. 1, 2018. Proceeds of the bonds were
loaned to the borrower to finance the acquisition, rehabilitation,
and equipping of 569 units of affordable multifamily residential
housing at Timber Oaks apartments in Fox Lake (IL) and Prairie View
apartments in Woodstock (IL). Together the projects are known as
the Wharton Duo. Proceeds were also used to fund separate debt
service reserve fund (DSRF) accounts for the bonds, sized at
six-months maximum annual debt service (MADS), and to pay certain
costs of issuance of the bonds. Interest payments on the bonds
commenced on June 1, 2019, and are payable semiannually on each
June 1 and Dec. 1.

"The rating action reflects our implementation of our 'Methodology
for Rating U.S. Public Finance Rental Housing Bonds,' published on
April 15, 2020, and our opinion of the likelihood for the
properties to incur ongoing property tax expenses, as well as our
updated strategy and management assessment of Patriot Services
Group (PSG), the project owner," said S&P Global Ratings analyst
Raymond Kim. "Specifically, the emergence of unexpected operational
risks have regularly affected cash flow at other properties in
PSG's portfolio."

The negative outlook reflects the project's lower-than-expected
debt service coverage and occupancy and the lack of a property tax
exemption for both properties in their respective jurisdictions.


ICONIX BRAND: S&P Downgrades ICR to 'CCC-'; Outlook Negative
------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on New York
City-based brand portfolio manager Iconix Brand Group Inc. to
'CCC-' from 'CCC'. At the same time, S&P lowered its issue-level
rating on the company's senior secured term loan to 'CCC+' from
'B-'. Its '1' (90%-100%; rounded estimate: 95%) recovery rating
remains unchanged.

The downgrade reflects Iconix' tightening liquidity position as the
negative effects of the COVID-19 pandemic exacerbate its already
struggling operating performance. The company's licensees are
predominately brick-and-mortar apparel retailers whose stores were
closed as part of the effort to slow the spread of the coronavirus
in the U.S. Therefore, S&P now projects Iconix will generate
negative cash flow for the year and anticipate that its cash flow
generation will be the weakest in the next few quarters as
retailers push out their payments to preserve liquidity. The
company recently announced that it has elected to pay the interest
on its 5.75% convertible notes due on Aug. 15, 2020, with stock,
instead of cash, to preserve its liquidity. Inconix also announced
that it has retained Ducera Partners LLC as a financial advisor to
explore strategic alternatives for the company.

"We think this could lead to a distressed debt exchange given the
company's significant debt burden. Furthermore, we believe it only
has approximately $40 million of liquidity, in the form of cash on
hand, to support its operations and debt service costs during this
challenging period," S&P said.

While the company's contracted sale of its Umbro China business
will provide additional protection for its senior secured term loan
lenders, it can use only 25% of the proceeds to support its
operations. Iconix received a Going Concern Uncertainty Opinion
from its auditors on its 2019 audited financial statements, which
would constitute an event of default under its senior secured term
loan credit agreement. However, the company received an amendment
from its lenders to waive the event-of-default clause. In exchange
for the waiver, the company agreed to pay its term loan lenders 75%
of the net proceeds from the sale of its brands that are not
securitized and will continue to make the approximately $20 million
of required annual amortization payments. Therefore, despite its
contract to sell Umbro China--a zero EBITDA business in 2019--for
$62.5 million, it will use the majority of the proceeds to pay down
its term loan and will retain 25% to support its operations.

S&P believes the company's capital structure is unsustainable and
view its debt service costs as high for its debt load. Iconix's
leverage is high in the low-teens area due to its continued poor
operational performance. The company has been unable to recover
from the loss of its license agreements with major retailers
(Target and Walmart). In addition to the high $20 million a year of
required amortization on its senior secured term loan, the company
must repay $42 million of principal a year on its securitized
facility, which it is currently deferring to the facility's
ultimate maturity in 2043. Although S&P does not view the principal
deferral as an event of default under its structured finance
criteria, the rating agency would view a failure to pay the $20
million mandatory term loan amortization as a default.

The negative outlook reflects S&P's view that it is increasingly
likely Iconix will pursue a debt restructuring in the next few
quarters because it has retained an advisor to pursue strategic
alternatives amid its weakening liquidity position stemming from
its poor operating performance, which is being exacerbated by the
fall out from the COVID-19 pandemic, and continued high debt
service costs.

"We could lower our ratings on Iconix if it announced a distressed
debt exchange or restructuring or if it is unable to meet its
principal and/or interest payments. We could also lower our ratings
if the company files for bankruptcy," S&P said.

"We could revise our outlook on Iconix to stable and potentially
raise our ratings if we believe a distressed exchange or
conventional default is unlikely in the near term, which would most
likely occur due to an unexpected turnaround in its operations, a
decision to use the proceeds from its asset sales to repay debt, or
its sale to a strategic partner in which all of its debt is repaid
in full," the rating agency said.


IMERYS TALC: Arnold & Itkin Objects to Disclosure Statement
-----------------------------------------------------------
Arnold & Itkin LLP (“Arnold & Itkin”), objects to the motion of
Debtors for entry of order approving Disclosure Statement.

Arnold & Itkin asserts that the Disclosure Statement should not be
approved because it does not contain adequate information as
required by section 1125 of the bankruptcy code.

Arnold & Itkin complains that the Disclosure Statement provides no
information about the trust or the trust distribution procedures.

Arnold & Itkin points out that the Disclosure Statement lacks
adequate information concerning the global imerys settlement.

According to Arnold & Itkin, the liquidation analysis is
inadequate.

Arnold & Itkin asserts that the Disclosures concerning insurance
and indemnification rights are inadequate.

Counsel to Arnold & Itkin LLP:

     Laura Davis Jones
     James I. Stang
     Debra I. Grassgreen
     John A. Morris
     Peter J. Keane
     PACHULSKI STANG ZIEHL & JONES LLP
     919 N. Market Street, 17th Floor
     P.O. Box 8705
     Wilmington, DE 19899-8705 (Courier 19801)
     Telephone: (302) 652-4100
     Facsimile: (302) 652-4400
     E-mail: ljones@pszjlaw.com
             jstang@pszjlaw.com
             dgrassgreen@pszjlaw.com
             jmorris@pszjlaw.com
             pkeane@pszjlaw.com

                     About Imerys Talc America

Imerys Talc and its subsidiaries
--https://www.imerys-performance-additives.com/ -- are in the
business of mining, processing, selling, and distributing talc.
Talc is a hydrated magnesium silicate that is used in the
manufacturing of dozens of products in a variety of sectors,
including coatings, rubber, paper, polymers, cosmetics, food, and
pharmaceuticals.  Its talc operations include talc mines, plants,
and distribution facilities located in: Montana (Yellowstone,
Sappington, and Three Forks); Vermont (Argonaut and Ludlow); Texas
(Houston); and Ontario, Canada (Timmins, Penhorwood, and Foleyet).
It also utilizes offices located in San Jose, California and
Roswell, Georgia.

Imerys Talc America, Inc., and two subsidiaries, namely Imerys Talc
Vermont, Inc., and Imerys Talc Canada Inc., sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 19-10289) on Feb. 13,
2019.

The Debtors were estimated to have $100 million to $500 million in
assets and $50 million to $100 million in liabilities as of the
bankruptcy filing.

The Hon. Laurie Selber Silverstein is the case judge.

The Debtors tapped Richards, Layton & Finger, P.A., and Latham &
Watkins LLP as counsel; Alvarez & Marsal North America, LLC as
financial advisor; and Prime Clerk LLC as claims agent.


IMPORT SPECIALTIES: Aug. 7 Auction of Assets Set
------------------------------------------------
Judge Kathleen H. Sanberg of the U.S. Bankruptcy Court for the
District of Minnesota authorized Import Specialties Inc.'s bidding
procedures in connection with the sale of assets to HLA USA, LLC,
subject to overbid.

The Auction will be conducted on Aug. 7, 2020 at 10:00 a.m. (CT)
via remote participation due to the pandemic.  Information on
participation will be given by the Debtor as that Auction date
draws near (or such other time and place as designated by the
Debtor on notice to the Notice Parties); and (b) subject to the
terms of the Order and the Bid Procedures, to take all actions
necessary, in the discretion of the Debtor, to conduct and
implement such Auction.  Charter Bank is not allowed to credit bid
at the auction so long as the APA is not terminated.  

The sale will be free and clear of Liens, Claims, and
Encumbrances.

The Debtor will file a notice of the results of the Auction by no
later than Aug. 7, 2020.  Such notice will include the identity of
any Successful Bidder and Back-Up Bidder and any agreements
(redlined against the APA) with any Successful Bidder and Back-up
Bidder to purchase the Debtor's assets.

The Sale Hearing is set for Aug. 19, 2020 at 1:30 p.m. (CT).

The Break-Up Fee and the Expense Reimbursement as set forth in the
APA are approved, provided, however, that before the payment of the
Expense Reimbursement can be made, the Stalking Horse Bidder must
first provide to the U.S. Trustee and the Committee an itemization
of the expenses to be reimbursed by the Debtor for their approval.
In the event the U.S. Trustee or the Committee do not approve the
expenses to be reimbursed via the Expense Reimbursement, the Debtor
may ask authorization to pay the Expense Reimbursement from the
Bankruptcy Court on an expedited basis.

As provided by Bankruptcy Rule 6004(h), with respect to the matters
set forth in the Order and in the Bid Procedures, the Order will
not be stayed for 14 days after its entry and will be effective and
enforceable immediately upon its entry.

                   About Import Specialties

Import Specialties Incorporated, d/b/a Heartland America, is a
privately held company in Chaska, Minnesota that sells products
using television, catalog, internet, and mail-order.

Import Specialties filed a voluntary Chapter 11 bankruptcy petition
(Bankr. D. Minn. Case No. 19-42563) on Aug. 22, 2019.  In the
petition signed by CEO Mark R. Platt, the Debtor was estimated to
have $1 million to $10 million in both assets and liabilities.  The
case has been assigned to Judge Kathleen H. Sanberg. John D. Lamey,
III, Esq. at Lamey Law Firm, P.A., is the Debtor's counsel.

The U.S. Trustee for Region 12 on Sept. 5, 2019, appointed three
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case.  The Committee retained Barnes & Thornburg
LLP, as counsel.


INNOVATION PHARMACEUTICALS: Grants Licensing Rights to Fox Chase
----------------------------------------------------------------
Innovation Pharmaceuticals and Fox Chase Chemical Diversity Center,
Inc. have amended an earlier collaborative research agreement
related to antifungal drug discovery work.

Under the amended terms, and in exchange for a six percent fee tied
to all potential future proceeds -- including upfront payments,
milestone payments and royalties -- the Company is granting FCCDC
all discovery, intellectual property and commercialization rights
related to its share of their joint antifungal drug program.  Both
parties believe the new agreement is favorable to each, with FCCDC
continuing to advance discovery and drug development, and
Innovation Pharmaceuticals benefiting from potential future
commercialization.  Over $5 million in government grants have
helped fund antifungal work conducted to date.

                About Innovation Pharmaceuticals

Innovation Pharmaceuticals Inc. (IPIX) -- http://www.IPharmInc.com/
-- is a clinical stage biopharmaceutical company developing a
portfolio of innovative therapies addressing multiple areas of
unmet medical need, including inflammatory diseases, cancer,
infectious disease, and dermatologic diseases.

Innovation Pharmaceuticals reported a net loss of $8.68 million for
the year ended June 30, 2019, compared to a net loss of $16.36
million for the year ended June 30, 2018.  As of March 31, 2020,
the Company had $4.01 million in total assets, $8.48 million in
total liabilities, and a total stockholders' deficiency of $4.47
million.

Pinnacle Accountancy Group of Utah, in Farmington, UT, the
Company's auditor since 2018, issued a "going concern"
qualification in its report dated Sept. 30, 2019, citing that the
Company has incurred losses since inception, has accumulated a
significant deficit, has negative cash flows from operations, and
currently has no revenues.  These factors raise substantial doubt
about its ability to continue as a going concern.


INSIGHT TERMINAL: Prepetition Lender Cash Contribution of $5M
-------------------------------------------------------------
Prepetition lender Autumn Wind Lending, LLC, filed a proposed
chapter 11 plan of reorganization for debtor Insight Terminal
Solutions, LLC.

The Prepetition Lender will fund distributions under the Plan
through the Cash Contribution and JMB Capital Partners Master Fund,
LP ("JMB Capital") will provide a guarantee of payment of all
Allowed Claims that exceed the Cash Contribution. An affidavit in
support of the JBM Guarantee is attached hereto as Exhibit B.

Plan Funding

On the Confirmation Date, the Prepetition Lender will make the Cash
Contribution in the amount of $5,000,000 into a segregated escrow
account for the benefit of Holders of Allowed Class 3 Claims.

JMB Capital shall guarantee payment of all Allowed Claims which
exceed the Cash Contribution.  An executed JMB Capital Guarantee
will be included in the Plan Supplement.

A full-text copy of the Disclosure Statement dated June 15, 2020,
is available at https://tinyurl.com/yb8tnsfe from PacerMonitor.com
at no charge.

                About Insight Terminal Solutions

Insight Terminal Solutions -- http://insightterminals.com/-- is an
Oakland, Calif.-based company that provides terminal and
stevedoring services at the Oakland Bulk and Oversized Terminal
(OBOT) for a variety of bulk agriculture and mineral commodities.

Insight Terminal Solutions and its affiliate Insight Terminal
Holdings, LLC filed voluntary petitions for relief under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Ky. Lead Case No. 19-32231) on
July 17, 2019.  The petitions were signed by John J. Siegel, Jr.,
manager.

At the time of filing, Insight Terminal Solutions was estimated to
have $1 million to $10 million in assets and $10 million to $50
million in liabilities.  Insight Terminal Holdings was estimated to
have up to $50,000 in assets and $1 million to $10 million in
liabilities.

Andrew David Stosberg, Esq., at Middleton Reutlinger, represents
the Debtor.


INSPIRED CONCEPTS: Buddy's Buying Liquor License for $40K
---------------------------------------------------------
Inspired Concepts, LLC, asks the U.S. Bankruptcy Court for the
Eastern District of Michigan to authorize the sale of a Class C
Liquor License, SDM Liquor License, Sunday AM Sales Permit, Sunday
PM Sales Permit, Additional Bar Permit, and Dance Entertainment
Permit, to Buddy's Saginaw, LLC for $40,000 in accordance with
their Liquor License Transfer Agreement.

Before it commenced the Chapter 11 bankruptcy case, the Debtor
closed the Saginaw Bennigan's restaurant and sold the assets of the
restaurant.  However, the Debtor still owns the Liquor License.  It
understands and believes that the Liquor License is restricted to
use at 3095 Tittabawassee Road, Saginaw, Michigan, the former
premises of the Saginaw Bennigan's restaurant.

The owner of the Premises, the Buyer, had indicated that it desires
to purchase the Liquor License for use with a Buddy's Pizza
Restaurant operated or to be operated at the Premises.  The Debtor
has entered into the agreement for the sale of the Liquor License
for the amount of $40,000, subject to Bankruptcy Court approval.

The Debtor believes that this sale price represents the highest and
best offer that it is likely to receive for the Liquor License.  

Because the Liquor License is restricted to the Premises, the
marketability of the Liquor License is naturally restricted.
Accordingly, Debtor does not believe that it would be useful to
market the Liquor License.  Nevertheless, if it receives any higher
or better offers for the Liquor License before entry of an Order
authorizing the sale, it will promptly inform the Court, the
Official Committee of Unsecured Creditors, and its secured lenders.


The Agreement requires that the Debtor deliver to the Buyer
marketable title to the Liquor License free and clear of all liens,
security interests and other encumbrances.  This includes all taxes
and assessments owed to the Michigan Department of Treasury.

In addition to taxes, the Debtor believes that Fifth Third Bank,
N.A. holds a first-position security interest in the Liquor License
or the proceeds of the sale of the Liquor License.

The Debtor understands that there may be some conflict between the
interests of the Michigan Department of Treasury and the MLCC on
the one hand and Fifth Third on the other regarding priority in the
proceeds of the Liquor License.  It expects that Fifth Third will
take the position that its first-position security interest takes
priority over any and all taxes, while Michigan Department of
Treasury and the MLCC may take the position that they are permitted
to condition the sale of the Liquor License on payment of some or
all of the proceeds being paid towards outstanding taxes or that
their interests in the Liquor License or the proceeds otherwise
takes priority over Fifth Third's interests.

The Motion is not intended to resolve any priority dispute, but to
approve the sale and to transfer all liens, security interests and
other encumbrances to the proceeds of the sale.  The Debtor submits
that the transfer of liens, security interests and other
encumbrances to the proceeds of the sale provides adequate
protection of all parties' interests.  It will hold the proceeds in
a segregated account and will only distribute the proceeds as
permitted by an Order of the Court.

Consummation of the sale may take up to 180 days due to the
requirement to obtain approvals from the MLCC.

The Debtor proposes that the Order entered by the Court permit it
to pay all taxes and assessments as required by the MLCC in
connection with the sale, with all remaining proceeds to be paid to
Fifth Third with the following conditions:

     a. The Debtor will provide Fifth Third with written notice of
the amount required or proposed by the MLCC to be paid from
proceeds to the MLCC or Michigan Department of Treasury no later
than 14 days before any payment is actually made to MLCC or the
Michigan Department of Treasury.

     b. If Fifth Third disagrees with the proposed payment, Fifth
Third may file a motion with this Court, within seven days of
receipt of notice, to resolve the dispute over the priority of
interests in the Liquor License and proceeds to the Liquor License,
with notice to Debtor, MLCC and the Michigan Department of
Treasury.

     c. Upon receipt of such motion, this Court will order
procedures to resolve the dispute as the Court deems appropriate.

     d. Until the dispute is resolved by Order of this Court or
agreement of the interested parties, Debtor will make no
distributions from the proceeds.

     e. In no event will the existence of any dispute halt, delay,
or otherwise impair consummation of the proposed sale, and the MLCC
will be barred from taking any adverse action or decision based on
the Debtor's compliance with these procedures.

A copy of the Agreement is available at
https://tinyurl.com/y7kczyjj from PacerMonitor.com free of charge.

                 About Inspired Concepts LLC

Inspired Concepts LLC, a privately held investment and restaurant
management company in Mt. Pleasant, Mich., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mich. Case No.
20-20034) on Jan. 10, 2020.  At the time of the filing, the Debtor
had estimated assets of between $500,000 and $1 million and
liabilities of between $1 million and $10 million.  Judge Daniel S.
Opperman oversees the case.  Jeffrey Grasl, Esq., at Grasl, PLC,
was originally the Debtor's legal counsel.  The Debtor later hired
Wernette Heilman PLLC as substitute counsel to Grasl, PLC.


J.C. PENNEY: Spector & Cox Represents Capcor Weslaco, 2 Others
--------------------------------------------------------------
In the Chapter 11 cases of J.C. Penney Company, Inc., the law firm
of Spector & Cox, PLLC provided notice under Rule 2019 of the
Federal Rules of Bankruptcy Procedure, to disclose that it is
representing the following creditors:

Capcor Weslaco, Ltd.
5433 Westheimer, Suite 870
Houston, TX 77056

Cypress Flagstaff Mall, LP
8144 Walnut Hill Lane, Suite 1200
Dallas, TX 75231

Cypress Spanish Fort III, LLC
8144 Walnut Hill Lane, Suite 1200
Dallas, TX 75231

The Attorneys have been retained by each of the Creditors to
represent their interests in connection with this chapter 11 case
on an hourly basis. The Creditors are independent clients of the
undersigned attorneys' firms.

Counsel for Capcor Weslaco, Ltd., and Cypress Flagstaff Mall, LP
and Cypress Spanish Fort III, LLC can be reached at:

          Howard Marc Spector, Esq.
          Spector & Cox, PLLC
          12770 Coit Road, Suite 1100
          Dallas, TX 75251
          Tel: (214) 365-5377
          Fax: (214) 237-3380
          Email: hspector@spectorjohnson.com

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

                       About J.C. Penney

J.C. Penney Corporation, Inc., is an American retail company,
founded in 1902 by James Cash Penney and today engaged in
marketing
apparel, home furnishings, jewelry, cosmetics, and cookware.  The
company was called J.C. Penney Stores Company from 1913 to 1924,
when it was reincorporated as J.C. Penney Co.

On May 15, 2020, JCPenney announced that it has entered into a
restructuring support agreement with lenders holding 70% of
JCPenney's first lien debt.  The RSA contemplates agreed-upon
terms
for a pre-arranged financial restructuring plan that is expected
to
reduce several billion dollars of indebtedness.  To implement the
Plan, the Company and its affiliates on May 15, 2020, filed
voluntary petitions for reorganization under Chapter 11 of the
U.S.
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 20-20182).

Kirkland & Ellis LLP is serving as legal advisor, Lazard is
serving as financial advisor, and AlixPartners LLP is serving as
restructuring advisor to the Company.  Prime Clerk is the claims
agent, maintaining the page http://cases.primeclerk.com/JCPenney  

The Official Committee of Unsecured Creditors appointed to these
Chapter 11 cases tapped Cooley LLP and Cole Schotz P.C. as
co-counsels and FTI Consulting, Inc. as financial advisor.


J.CREW GROUP: Has Reopened 64% of Stores
----------------------------------------
J.Crew Group, Inc. in mid June announced more re-openings at
locations previously closed due to COVID-19 restrictions, and on
its previously discussed real estate optimization strategy.

The Company on June 12 re-opened 171 stores, bringing the total
re-opened locations to 315, representing 64% of its total store
fleet, following the temporary closure of all locations due to
public health restrictions related to COVID-19.  Based on a
successful test re-opening of seven stores, J.Crew Group began a
phased re-opening of its nearly 500 stores in May. The Company is
taking a careful and deliberate approach to its store re-openings
to ensure full implementation of appropriate safety protocols in
line with CDC guidelines and government regulations to protect its
customers, associates and local communities.

With the re-openings, J.Crew Group has reactivated the majority of
its store associates from furlough. Due to strong business momentum
and increased demand, the Company has added approximately 400
positions at its Lynchburg, VA distribution center. Job expansion
at the distribution center, which supports J.Crew Group's
e-commerce businesses, stemmed from continued online sales momentum
that was increasing even before stores were closed during the
pandemic.

Real Estate Optimization Strategy

J.Crew Group also provided an update on its real estate
optimization strategy, related specifically to discussions with
landlords regarding improving store lease terms as part of its
restructuring process and efforts to position the Company for
long-term growth. J.Crew Group continues to have productive
discussions with landlords regarding lease terms that will further
inform its real estate optimization strategy. As part of its
reorganization, J.Crew Group has filed notice with the U.S.
Bankruptcy Court to reject 67 store leases. The Company will remove
a store lease from the rejection list in the future if it reaches
an acceptable resolution with the affected landlord.

The Company will provide further real estate optimization updates
to the Court as appropriate.

                      About J.Crew Group

J.Crew Group, Inc. is an internationally recognized omni-channel
retailer of women's, men's and children's apparel, shoes and
accessories. As of May 4, 2020, the Company operates 181 J.Crew
retail stores, 140 Madewell stores, jcrew.com, jcrewfactory.com,
madewell.com and 170 factory stores.

J.Crew Group, Inc., and 17 related entities, including its parent,
Chinos Holdings, Inc., sought Chapter 11 protection on May 4, 2020
after reaching agreement with lenders on a deal that will convert
approximately $1.65 billion of the Company's debt into equity.  The
lead case is In re Chinos Holdings, Inc. (Bankr. E.D. Va. Lead Case
No. 20-32181).

J.Crew was estimated to have at least $1 billion in assets and
liabilities as of the bankruptcy filing.

Weil, Gotshal & Manges LLP is serving as legal counsel, Lazard is
serving as investment banker and AlixPartners, LLP is serving as
restructuring advisor to J.Crew Group, Inc.  Anchorage Capital
Group and other members of an ad hoc committee are represented by
Milbank LLP as legal counsel and PJT Partners LP as investment
banker.  Omni Agent Solutions is the claims agent.


J.CREW: Landlords Object to Disclosure Statement
------------------------------------------------
5616 Bay Street Investors LLC, Brixmor Operating Partnership LP,
CenterCal Properties, LLC, DDR Deer Park Town Center LLC, EDENS,
ERY Retail Podium LLC, Federal Realty Investment Trust, Gateway
Knollwood, LLC, PGIM Real Estate, Related Companies, Retail
Properties of America, Inc., Starwood Retail Partners LLC, The
Forbes Company, The Macerich Company, Trademark Property Company,
and Urban Edge Properties L.P. (the "Landlords") object to approval
of the disclosure statement in connection with their Joint
Prearranged Chapter 11 Plan of Reorganization of Chinos Holdings,
Inc. and its affiliated debtors.

In support of this Objection, the Landlords state as follows:

   * The Disclosure Statement fails to provide adequate information
upon which creditors can rely to make an informed judgment
regarding the Plan.

   * The Disclosure Statement Fails Because the Plan’s Disparate
Treatment of Unsecured Creditors Renders It Unconfirmable.

   * The Plan and Disclosure Statement seek to improperly extend
the time to assume or reject leases.

   * The Debtors Must Provide Landlords With Adequate Assurance
Information and Cure Amounts with Sufficient Time to Object.

   * The Plan improperly seeks to modify rights under the Leases.

   * The Plan Cannot Constitute an Objection to Claims.

A full-text copy of the Landlords' objection to disclosure
statement dated June 18, 2020, is available at
https://tinyurl.com/ybu2vsdd from PacerMonitor.com at no charge.

Counsel to the Landlords:

          Dennis T. Lewandowski
          Lisa Hudson Kim
          Clark J. Belote
          KAUFMAN & CANOLES, P.C.
          4101 Parks Avenue, Suite 700
          Virginia Beach, Virginia 23451
          Telephone: (757) 491-4017
          Facsimile: (888)360-9092
          E-mail: lhkim@kaufcan.com
                  dtlewand@kaufcan.com
                  cjbelote@kaufcan.com

                  - and -

          Dustin P. Branch
          BALLARD SPAHR LLP
          2029 Century Park East, Suite 800
          Los Angeles, CA 90067-3012
          Telephone: (424) 204-4354
          Facsimile: (424) 204-4350
          E-mail: branchd@ballardspahr.com

                  - and -

          Leslie C. Heilman
          Leslie Heilman
          BALLARD SPAHR LLP
          919 N. Market Street, 11th Floor
          Wilmington, DE 19801
          Telephone: (302) 252-4465
          Facsimile: (302) 252-4466
          E-mail: heilmanl@ballardspahr.com

                      About J.Crew Group

J.Crew Group, Inc. is an internationally recognized omni-channel
retailer of women's, men's and children's apparel, shoes and
accessories. As of May 4, 2020, the Company operates 181 J.Crew
retail stores, 140 Madewell stores, jcrew.com, jcrewfactory.com,
madewell.com and 170 factory stores.

J.Crew Group, Inc., and 17 related entities, including its parent,
Chinos Holdings, Inc., sought Chapter 11 protection on May 4, 2020
after reaching agreement with lenders on a deal that will convert
approximately $1.65 billion of the Company's debt into equity.
The
lead case is In re Chinos Holdings, Inc. (Bankr. E.D. Va. Lead
Case
No. 20-32181).

J.Crew was estimated to have at least $1 billion in assets and
liabilities as of the bankruptcy filing.

Weil, Gotshal & Manges LLP is serving as legal counsel, Lazard is
serving as investment banker and AlixPartners, LLP is serving as
restructuring advisor to J.Crew Group, Inc.  Anchorage Capital
Group and other members of an ad hoc committee are represented by
Milbank LLP as legal counsel and PJT Partners LP as investment
banker.  Omni Agent Solutions is the claims agent.


JEFFREY D. MENOFF: Selling New York Arena & Equipment for $600K
---------------------------------------------------------------
Jeffrey D. Menoff and Lori L. Menoff ask the U.S. Bankruptcy Court
for the Western District of New York to authorize the sale of their
horse barn and arena, located at 10999 Persia Road, Town of Persia,
New York, and 44.91 acres of adjacent land ("Arena"), as well as
substantially all equipment used by one of their businesses, Menoff
Family. Inc., doing business as Nash Hill Equestrian Center, in the
operation of the Arena, to Staci H. Saulter and Randy E. Kubasiak
for $600,000, pursuant to the terms of their Sale Contract, subject
to overbid.

Debtor Jeffrey Menoff is an individual and a dentist.  He provides
dental services through his business, Jeffrey D. Menoff, DDS, RC.

The Debtor Lori Menoff is an individual and a registered nurse.
She is the office manager at her husband's dental practice.  She
has also served as the principal manager of their other business,
Menoff Family, which operates the Arena currently located on the
same tax parcel of land as their home.  Neither of the Debtors'
corporations has filed for bankruptcy.

On May 12, 2019, several months prior to the Filing, the Debtors
entered into a listing agreement for the Arena with Holiday Valley
Realty Co. Inc as broker.  After the filing, the Court authorized
the Debtors to employ Holiday Valley, as their real estate broker.
The Debtors have also applied to employ Lundberg Price P.C. as
their special real estate counsel for the sale of the Arena.

Prior to the Filing, Holiday Valley and the Debtors initially
listed the Arena for sale for $799,9000.  Shortly after the filing,
the Debtors received an offer for the Arena for the asking price of
$799,900.  That proposed purchaser, however, ultimately was not
able to make those financial arrangements needed to close that
proposed purchase.

The Arena and the Equipment are now proposed to be sold for
$600,000 to the Purchasers, out of the ordinary course of business,
"as is where is," and free and clear of liens, claims and
encumbrances, with any and all such liens claims and encumbrances
to attach to the proceeds of sale.

As listed in their Schedules, as of the time of the Filing, the
Debtors were the owners of an approximately 93.33 acre single tax
parcel of real estate located in the Town of Persia, New York which
has served as their homestead for many years.  Located on this one
tax parcel are both the Debtors; residence, which has a mailing
address of 8925 Nash Hill Road, Gowanda, New York 14070, and the
Arena, which has a mailing address of 10999 Persia Road, Town of
Persia, New York 14070.

According to the online real estate tax records for Cattaraugus
County, New York, the assessed full market value of this
approximately 93.33 acre single tax parcel real property parcel is
$767,029.

As a part of the sale, the Debtors' single tax parcel is being
subdivided and approximately 44.91 acres of land adjacent to the
Arena is being sold to the Purchasers with the Arena.  The Debtors
are retaining the approximately 48.42 acre balance of the parcel as
their
homestead.

The Purchasers are unrelated third parties.  Ms. Saulter was
previously employed by Menoff Family, Inc. and worked at the Arena
several years ago.  At this time, the Arena and the Equipment have
been on the market for more than 12 months and the Debtors are not
aware of any potential buyer willing to pay more to purchase these
assets.

In light of current market conditions, including the COVID-19 virus
pandemic, the Debtors believe that the offer of the Purchasers to
buy the Arena and the Equipment represents the current fair market
value for these items.  They believe that the proposed sale will
obtain the highest and best sale price currently available for the
Arena and the Equipment.

The sale of the Arena and Equipment is subject to higher and better
offers, either in advance of or at the time of the hearing on the
Motion.  The Debtors are requesting that any competing offer be on
substantially the same terms as the Purchasers' offer as set forth
in the Contract and are requesting that any person or entity
seeking to submit a competing purchase offer be required to tender
$15,000 to match the Purchasers' $15,000 down payment, before any
competing bid would be accepted.

Although the proposed Sale Contract included a financing
contingency, the Purchasers have since obtained what the Debtors
believe to be an adequate bank purchase money loan commitment.
Therefore, the Debtors believe that any competing bid would need to
either be made by an entity already holding a similar mortgage
commitment or via an all cash bid.

Upon information and belief, all of the creditors asserting secured
claims against the Debtors' real property and the approximate
amounts of their claims, based upon either their filed Proofs of
Claim in the case, information available online or other
information provided to the Debtors are as follows:

     a. Gowanda Central School District (2019-2020 School Taxes) -
Ad Valorem Real Property Tax (Approx. $13,067)

     b. Town of Persia (2020 Town and County Taxes) - Ad Valorem
Real Property Tax (Approx. $28,658)

     c. Community Bank (First Mortgage) -  12/29/2005 Mortgage
(Approx. $157,000)

     d. Internal Revenue Service (Income Taxes) - 03/19/2019
Cattaraugus County (Approx. $1,502,747)

     e. New York State Department of Taxation and Finance (Income
Taxes) - 03/20/2018 Cattaraugus County (Approx. $175,710)

Additionally, the Internal Revenue Service and the New, York State
Department of Taxation and Finance each assert that they hold liens
secured by all personalty owned by the Debtors, which would include
the Equipment proposed to be sold with the Arena, based upon the
same tax claims identified.

Based upon the secured claim summary above, the anticipated net
sale proceeds from the sale of the Arena and the Equipment are less
than total of all of those claims of creditors asserted to be
secured.  Upon information and belief, those filed liens in excess
of the anticipated net sale proceeds are fully secured by other
assets of the Debtors and the balances of the secured claims of the
IRS and/or NYS Tax will be paid through the Debtors' Plan.

After the payment of expenses of sale, it is the Debtors' intention
to distribute the remaining net proceeds of sale in order of lien
priority as determined by the Court.  Although all of the closing
costs of the proposed sale have not yet been calculated, it is
anticipated that the largest closing cost will be the six percent
commission of Holiday Valley, which is anticipated to equal
$36,000.  It is estimated that all expenses of sale will total
approximately $60,000.

After the payment of the costs of sale, the Debtors are proposing
that the net proceeds of sale will be used first to fully satisfy
the property tax Claims for Gowanda Central School taxes and Town
of Persia two and county real property taxes.  The first mortgage
on the parcel held by Community Bank will also be fully paid from
the proceeds of sale.

Based upon their relative lien priorities, the Debtors anticipate
that the claims of the IRS will be partially paid from the proceeds
of sale and the secured claims of NYS Tax will not share in the
prOceeds of sale, although NYS Tax Will be paid later though the
Debtors' Plan.

Although the Tax Warrant of NYS-Tax Was filed prior to the date on
Which the IRS filed its Notice of Federal Tax Lien, the tax liens
of the IRS hold priority over the filed Tax Warrant of NYS Tax as a
matter of Federal law.

Accordingly, because of its higher lien priority against the Arena
and the Equipment, the IRS is proposed to be paid the net proceeds
from the sale, after the payment of all closing costs, attorneys'
fees, real property taxes and the mortgage in favor of Community
Bank.  It is estimated that the net sale proceeds proposed to be
paid to the IRS will total approximately $340,000.

A copy of the Contract is available at https://tinyurl.com/y8d2aemr
from PacerMonitor.com free of charge.

A telephonic hearing on the Motion is set for July 17, 2020 at 1:00
p.m.

Jeffrey D. Menoff and Lori L. Menoff sought Chapter 11 protection
(Bankr. W.D.N.Y. Case No. 19-11693) on Aug. 27, 2019.  The Debtors
tapped Daniel F. Brown, Esq., at Andreozzi Bluestein LLP, as
counsel.


JEWELTEX ENTERPRISES: Unsecureds Will be Paid 10% of Their Claims
-----------------------------------------------------------------
Jeweltex Enterprises, Inc., submitted a Plan and a Disclosure
Statement.

The Debtor has shown surprisingly positive results during the
Coronavirus slowdown and has managed to show a profit.  The
combined Plan payments are projected to be approximately $8,853 per
month.  The Debtor believes that the Plan is feasible.

Class 3 Claims: Allowed Priority Creditor Claims

The Class 3 Claims will be paid once Allowed over five (5) years
with interest on such amounts at the rate of 5% per annum until
paid in full. The payments shall be made in equal monthly payments
on the first day of the month following the Effective Date and
shall continue on the first day of each month thereafter until paid
in full. The estimated amount in this class is $11,676.49. The
monthly payments are estimated to be $215.04.

Class 4 Claim: Allowed Secured Claim of Kapitus, LLC.

Class 4 is impaired.  Kapitus, LLC will be fully secured for an
Allowed Secured Claim on Debtor’s assets.  The Debtor will pay
Kapitus the Kapitus Claim Amount in full over 60 months, with
interest on such amount at the rate of the lesser of prime plus 1%
or six percent per annum determined on the Confirmation Date and
annually thereafter.  Payments will be made in the minimum amount
of $3,653 per month.

Class 5 Claim: Allowed Secured Claim of PayPal

Class 5 is impaired.  PayPal will be fully secured for an Allowed
Secured Claim on Debtor's assets.  The Debtor shall pay PayPal the
PayPal Claim Amount in full over 60 months, with interest on such
amount at the rate of the lesser of prime plus 1 percent or 6
percent per annum determined on the Confirmation Date and annually
thereafter. Payments shall be made in the minimum amount of $814.54
per month.

Class 6 Claim: Allowed Secured Claim of FC Marketplace

Class 6 is impaired. FC Marketplace shall be fully secured for an
Allowed Secured Claim on the assets of Debtor. Debtor shall pay FC
the FC Claim Amount in full over 60 months, with interest on such
amount at the rate of the lesser of prime plus 1% or 6% per annum
determined on the Confirmation Date and annually thereafter.
Payments shall be made in the minimum amount of $739.91 per month.


Class 7 Claim: Targeted Lease Capital, LLC

Class 7 is impaired.  The claim of Targeted Lease Capital shall be
bifurcated between a secured and an unsecured component. TLC shall
be secured for an Allowed Secured Claim on all collateral described
in the financing lease with TLC in the amount of $24,696.  TLC will
maintain an Allowed Unsecured Claim in the amount of the balance
owed, estimated to be $48,851.  The monthly payments on the Allowed
Secured Claim of TLC are estimated to be $411.60.  The Allowed
Unsecured Claim of TLC shall be paid in accordance with Class #11.

Class 8 Claim: Financial Pacific.

Class 8 is impaired. The claim of Financial Pacific shall be
bifurcated between a secured and an unsecured component. FP shall
be secured for an Allowed Secured Claim on all collateral described
in the financing lease with FP in the amount of $17,260.00. FP
shall maintain an Allowed Unsecured Claim in the amount of the
balance owed, estimated to be $34,145.00. The monthly payments on
the Allowed Secured Claim of FP are estimated to be $287.66. The
Allowed Unsecured Claim of FP shall be paid in accordance with
Class #11.

Class 9 Claim: Pawnee Leasing Corporation.

Class 9 is impaired. The claim of Pawnee Leasing Corporation will
be bifurcated between a secured and an unsecured component.  PLC
will be secured for an Allowed Secured Claim on all collateral
described in the financing lease with PLC in the amount of $13,044.
PLC will maintain an Allowed Unsecured Claim in the amount of the
balance owed, estimated to be $25,805.  The monthly payments on the
Allowed Secured Claim of PLC are estimated to be $217.40.  The
Allowed Unsecured Claim of PLC shall be paid in accordance with
Class #11.

Class 10 Claim: Direct Capital. This class is impaired.  The claim
of Direct Capital will be bifurcated between a secured and an
unsecured component.  DC will be secured for an Allowed Secured
Claim on all collateral described in the financing lease with DC in
the amount of $1,000.00.  DC will have an Allowed Unsecured Claim
in the amount of the balance owed, estimated to be $4,786.  The
monthly payments on the Allowed Secured Claim of TLC are estimated
to be $16.66.  The Allowed Unsecured Claim of TLC will be paid in
accordance with Class #11.

Class 11 Claims: Allowed General Unsecured Claims.  This class is
impaired.  The Class 11 Claims will be paid once allowed at 10%
over 60 months.  The payments will be made in equal monthly
payments on the first day of the month following the Effective Date
and shall continue on the first day of each month thereafter until
paid pursuant to this Plan.  The Class 8 Claims will be paid 10% of
their allowed claim amounts.  The estimated amount of the claims in
this class is $864,650.  The monthly payments are estimated to be
$1,441.

Class 12 Claims: Equity Interest Holders of the Debtor.

On the Confirmation Date, all equity interests will be cancelled.

The new equity interests in the Debtor will be issued to Sam
Soueissi, an existing equity interest holder, who is paying $2,500
for the equity interests in the Debtor which shall be reissued as
1,000 shares at a par value of $2.50 per share.  The funds shall be
deposited into the Debtor’s operating account prior to the
Confirmation Date.

This Plan will be implemented, pursuant to Sec. 1123(a)(5) of the
Code, by the commencement of payments as called for above from the
revenue earned by the Debtor.

A full-text copy of the Disclosure Statement dated June 15, 2020,
is available at https://tinyurl.com/ycdfwf8y from PacerMonitor.com
at no charge.

     Attorneys for Debtor Jeweltex Enterprises, Inc.

     Gregory W. Mitchell
     THE MITCHELL LAW FIRM, L.P.
     1412 Main Street, Suite 500
     Dallas, Texas 75202
     (972)463-8417 – Office
     (972)432-7540 – Facsimile

                   About Jeweltex Enterprises

Jeweltex Enterprises, Inc., owner of a jewelry store, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.
Texas Case No. 20-40485) on Feb. 18, 2020.  At the time of the
filing, the Debtor had estimated assets of between $100,000 and
$500,000 and liabilities of between $1 million and $10 million.
Judge Brenda T. Rhoades oversees the case.  The Mitchell Law Firm,
L.P., is the Debtor's legal counsel.


KIWA BIO-TECH: Friedman LLP Presents Going Concern Doubt
--------------------------------------------------------
Kiwa Bio-Tech Products Group Corporation filed with the U.S.
Securities and Exchange Commission its annual report on Form 10-K,
disclosing a net loss of $6,635,296 on $40,089,457 of revenue for
the year ended Dec. 31, 2019, compared to a net income of $343,821
on $30,650,402 of revenue for the year ended in 2018.

The audit report of Friedman LLP states that the Company had an
accumulated deficit of $21,158,508 and $14,803,530 as at December
31, 2019 and 2018, respectively, the Company incurred a net loss of
$6,635,296 for the year ended December 31, 2019. These factors
raise substantial doubt about its ability to continue as a going
concern.

The Company's balance sheet at Dec. 31, 2019, showed total assets
of $24,069,329, total liabilities of $14,384,041, and a total
stockholders' equity of $9,685,288.

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

                    https://is.gd/zaY5Go

Kiwa Bio-Tech Products Group Corporation develops, manufactures,
distributes and markets innovative, cost-effective and
environmentally safe bio-technological products for agriculture
use.  Its products are designed to enhance the quality of human
life by increasing the value, quality and productivity of crops and
decreasing the negative environmental impact of chemicals and other
wastes.


KIZER GROUP LLC: Seeks Chapter 7 Bankruptcy Protection
------------------------------------------------------
Jacksonville, Florida-based The Kizer Group LLC filed a voluntary
petition for a Chapter 7 liquidation (Bankr. M.D. Fla. Case No.
20-01763) on June 8, 2020.

The Jacksonville Business Journal reports that the Debtor listed an
address of 4072 Dunraven Ln., Jacksonville, and is represented in
court by attorney Jason A. Burgess.  The Kizer Group listed assets
up to $455,100 and debt up to $1,304,991.  The filing's largest
creditor was listed as Dynamic Equity Partners Inc. with an
outstanding claim of $195,000.

Kizer Group LLC is a leading mid-market multi-family real estate
brokerage company.

The Debtor's counsel:

          Jason A Burgess
          The Law Offices Of Jason A. Burgess, LLC
          Tel: (904) 372-4791
          E-mail: jason@jasonaburgess.com


LAKELAND HOLDINGS: S&P Downgrades ICR to 'D' on Chapter 11 Filing
-----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on student
educational travel provider Lakeland Holdings LLC (doing business
as WorldStrides) and its rating on the company's senior secured
debt to 'D' from 'CCC-'.

The downgrade reflects the chapter 11 bankruptcy filing. S&P
understands that prior to default, WorldStrides had $572 million
outstanding on its senior secured term loan due in 2024 and $60
million outstanding on its senior secured revolving credit facility
due in 2022.

Environmental, Social, and Governance (ESG) credit factors for this
credit rating change:

-- Health and Safety


LARRY B. WEINSTEIN: $340K Sale of Spring Valley Property Approved
-----------------------------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern
District of New York authorized Larry B. Weinstein's sale of his
interest in a multi-family residence owned by the Debtor and his
spouse as tenants by the entirety located at 32 Prospect Street,
Spring Valley, New York, Tax ID: Section 57:24-1-22.1, to Joe
Herman for $340,000, pursuant to their Contract of Sale dated Dec.
4, 2018.

A hearing on the Motion was held on July 8, 2020.

The sale is free and clear of all Liens and Claims, with all Liens
and Claims (including the liens of New York State Department of
Taxation and Finance to attach to the Sale proceeds.

As promptly as practicable after the closing of the Sale, the
Debtor is authorized and directed to pay (a) David A. Ascher, Esq.
the sum of $2,500 as and for all of his legal services at any time
related to the Property, without the need for further Court order,
and (b) all applicable transfer tax, if any, recording fees, title
pick-up fees, if any, title fees, if any, all open real estate
taxes for the Property, and any other reasonable and/or necessary
expenses of Sale; provided, that if any of the foregoing amounts
are subject to a bona fide dispute, the amount in dispute will be
placed in escrow subject to further order of the Court or agreement
of the parties (and such payment into escrow will constitute
satisfaction of such amount for title insurance purposes).  No
Liens and
Claims will attach to any of the foregoing payments.

As promptly as practicable after the closing of the Sale, the
Debtor is authorized and directed to pay Wells Fargo, N.A. from the
Sale proceeds the amount of its debt secured by the existing valid
mortgages held by Wells Fargo on the Property.

As promptly as practicable after the closing of the Sale, the
Debtor is authorized and directed to pay from the remaining Sale
proceeds the sum of $40,000 to Linda Weinstein, or her nominee, as
and for her interest as tenant by the entirety in the Property, and
Linda Weinstein will execute and promptly deliver any and all
documents necessary, in the opinion of purchaser's title company,
to effect a valid Sale of the Property; such $40,000 payment will
be in full settlement of Linda Weinstein's interest in the
Property.  

No Liens and Claims will attach to such payment; provided, that any
liens, warrants, judgments or other encumbrances, of any kind or
nature held by NYS against Linda Weinstein and/or her interest in
the Property will continue to attach to the $40,000 to be paid from
the Sale proceeds.

The remaining balance of the Sale proceeds will be delivered to
Barr Legal PLLC, to be held in escrow pending further Order of the
Court.

The 14-day stay of the Order under Fed. R. Bankr. P. 6004(h) is
waived, for cause shown, and this Order is effective immediately
upon its entry.

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



LATAM AIRLINES: White, Holwell Represent Latam Bondholders
----------------------------------------------------------
In the Chapter 11 cases of LATAM Airlines Group S.A., et al., the
law firms of White & Case LLP and Holwell Shuster & Goldberg LLP
submitted a verified statement under Rule 2019 of the Federal Rules
of Bankruptcy Procedure, to disclose that they are representing the
Ad Hoc Group of Latam Bondholders.

The Ad Hoc Group of certain holders of the 6.875% Senior Notes due
2024 and 7.00% Senior Notes due 2026, each issued by LATAM Finance
Limited, and the Series A Local Bonds due 2028, Series B Local
Bonds due 2028, Series C Local Bonds due 2022, Series D Local Bonds
due 2028, and the Series E Local Bonds due 2029, each issued by
LATAM Airlines Group S.A. The 2024 Bonds, 2026 Bonds, Series A
Local Bonds, Series B Local Bonds, Series C Local Bonds,
Series D Local Bonds, and Series E Local Bonds are collectively
referred to herein as the "Bonds".  As certified to Counsel by the
Ad Hoc Group, each member holds, or are the investment advisors,
subadvisors, or managers for funds or accounts that hold, a certain
amount of one or more of the aforementioned series of bonds.

As of July 13, 2020, members of the Ad Hoc Group of LATAM
Bondholders and their disclosable economic interests are:

Administradora de Fondos
de Pensiones Capital S.A.
Av. Apoquindo 4820, Las Condes, Región
Metropolitana, Chile

* Holder of $14,238,117 of Series B Local Bonds, $5,137,465 of
  Series D Local Bonds and $39,595,176 of Series E Local Bonds,
  and 10,638,305 of common shares

Administradora de Fondos
de Pensiones Cuprum S.A.
Bandera 236, Piso Santiago, Región

* Holder of $4,000,000 of 2026 Bonds and $53,694,946 of Series E
  Local Bonds

BICE VIDA Compañía de Seguros S.A.
Av. Providencia 1806, Metropolitana, Chile
Santiago, Región

* Holder of $22,500,00 of 2024 Bonds, $8,000,000 of 2026 Bonds,
  $176,454 of Series B Local Bonds, $4,499,577 of Series D Local
  Bonds

Caius Capital LLP
135-137 New Bond Street
London, W1S 2TQ

* Holder of $16,649,000 of 2024 Bonds and $25,833,000 of 2026
  Bonds

Compañía de Seguros Confuturo S.A.
Av. Apoquindo 6750, Piso 19, Las Condes
Región Metropolitana, Chile

* Holder of $45,500,000 of 2024 Bonds and $5,000,000 of 2026 Bonds

Consorcio Financiero S.A.
Avenida El Bosque Sur 180 Las Condes
Santiago Chile

* Holder of $41,422,000 of 2024 Bonds, $85,243,000 of 2026 Bonds,
  $1,776,397 of Series A Local Bonds, $8,615,527 of Series B Local
  Bonds, $1,776,397 of Series C Local Bonds, $13,636,520 in Series
  D Local Bonds, $3,595,300 of Series E Local Bonds, $23,090,000
  in unsecured syndicated loans due September 2021 , and
  $12,500,000 of 2023 EETCs

DoubleLine Capital LP
333 S. Grand Ave, 18th Floor
Los Angeles, CA 90071

* Holder of $55,466,000 of 2024 Bonds and $43,553,000 of 2026
  Bonds

DSC Meridian Capital LP
888 Seventh Ave.
New York, NY 10016

* Holder of $3,000,000 of 2026 Bonds

HSBC Securities Inc. USA
452 5th Avenue
New York, NY 10018

* Holder of $30,515,000 of 2026 Bonds, $5,150,000 of 2023 EETCs
  and $9,216,000 of 2027 EETCs

Livello Capital Management LP
1 World Trade Center, 85th Floor
New York, NY 10007

* Holder of $1,500,000 of 2026 Bonds, and $1,000,000 of 2027 EETCs

LMR Partners LLP
10th Floor, 363 Lafayette Street
New York, NY 10012

* Holder of $10,000,000 of 2024 Bonds, and $1,150,000 of 2026
  Bonds

Penta Vida Compañía
de Seguros de Vida S.A.
Av. El Bosque Norte 500, Piso 3, Las Condes
Región Metropolitana, Chile

* Holder of $18,551,385 of Series A Local Bonds, $19,183,594 of
  Series B Local Bonds, $7,393,986 of Series C Local Bonds,
  $10,558,257 of Series D Local Bonds, $667,478 of Series E Local
  Bonds, and $5,077,194 of 2027 EETCs

Seguros Vida Security Previsión S.A.
Av. Apoquindo 3150, Piso 8, Las Condes
Región Metropolitana, Chile

* Holder of $7,058,159.24 of Series A Local Bonds and
  $3,405,561.83 of Series C Local Bonds

VR Global Partners, L.P.
300 Park Avenue, 16th Floor
New York, NY 10022

* Holder of $3,257,000 of 2024 Bonds, $53,742,000 of 2026 Bonds,
  $7,601,000 of 2023 EETCs, and $1,000,000 of 2027 EETCs

Warlander Asset Management LP
250 West 55th Street 33rd Floor
New York, NY 10019 United States

* Holder of $7,250,000 of 2026 Bonds

Counsel for the Ad Hoc Group of LATAM Bondholders can be reached
at:

          WHITE & CASE LLP
          John K. Cunningham, Esq.
          Gregory Starner, Esq.
          John Ramirez, Esq.
          Mark Franke, Esq.
          1221 Avenue of the Americas
          New York, NY 10020
          Telephone: (212) 819-8200
          Facsimile: (212) 354-8113
          Email: jcunningham@whitecase.com
                 gstarner@whitecase.com
                 john.ramirez@whitecase.com
                 mark.franke@whitecase.com

          Richard S. Kebrdle, Esq.
          Southeast Financial Center, Suite 4900
          200 South Biscayne Boulevard
          Miami, FL 33131
          Telephone: (305) 371-2700
          Facsimile: (305) 358-5744
          Email: rkebrdle@whitecase.com

             - and -

          HOLWELL SHUSTER & GOLDBERG LLP
          Daniel P. Goldberg, Esq.
          Scott M. Danner, Esq.
          Daniel M. Horowitz, Esq.
          425 Lexington Avenue
          New York, NY 10017
          Telephone: (646) 837-5151
          Facsimile: (646) 837-5150
          Email: dgoldberg@hsgllp.com
                 sdanner@hsgllp.com
                 dhorowitz@hsgllp.com

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

                    About LATAM Airlines

LATAM Airlines Group S.A. -- http://www.latam.com/-- is a   
pan-Latin American airline holding company involved in the
transportation of passengers and cargo and operates as one unified
business enterprise.   

LATAM Airlines Group S.A. is the largest passenger airline in
South
America.  Before the onset of the COVID-19 pandemic, LATAM offered
passenger transport services to 145 different destinations in 26
countries, including domestic flights in Argentina, Brazil, Chile,
Colombia, Ecuador and Peru, and international services within
Latin America as well as to Europe, the United States, the
Caribbean, Oceania, Asia and Africa.

LATAM Airlines Group S.A. and its 28 affiliates sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 20-11254) on May 25,
2020.  Affiliates in Chile, Peru, Colombia, Ecuador and the United
States are part of the Chapter 11 filing.

The Debtors disclosed $21,087,806,000 in total assets and
$17,958,629,000 in total liabilities as of Dec. 31, 2019.

The Hon. James L. Garrity, Jr., is the case judge.

Debtors tapped Cleary Gottlieb Steen & Hamilton LLP as general
bankruptcy counsel; FTI Consulting as restructuring advisor; and
Togut, Segal & Segal LLP and Claro & Cia in Chile as special
counsel.  Prime Clerk LLC is the claims agent.


LIQUI-BOX HOLDINGS: Moody's Cuts CFR to B3 & Alters Outlook to Neg.
-------------------------------------------------------------------
Moody's Investors Service downgraded Liqui-Box Holdings, Inc.'s
Corporate Family Rating to B3 from B2 and its Probability of
Default Rating to Caa1-PD from B3-PD. Moody's also downgraded the
rating on the company's senior secured term loan due 2026 to B3
from B2 and the rating on the senior secured revolving credit
facility due 2024 to B3 from B2. The outlook was revised to
negative from stable.

The downgrade reflects Moody's expectation that Liqui-Box's credit
metrics will remain weak over the next 18 months given projected
continued weakness in end markets which generate 52% of sales
(industrial, construction, logistics, quick service restaurants,
and graphics). Additionally, the company has heightened integration
and operating risk due to the extensive integration, consolidation
and restructuring plan following the acquisition of the Plastics
division of DS Smith Plc in February 2020. The company has not met
projected expectations after the debt financed DS Smith
acquisition. Moreover, the integration plan is more complex than
originally projected and includes significant capacity
rationalization, consolidation and restructuring, including the
construction of a new plant and higher than anticipated expenses.
Moody's expects pro forma LTM adjusted debt to EBITDA of 7.9x at
March 31, 2020 to decline to 6.6x by 2021, but free cash flow and
liquidity to remain weak.

The negative outlook reflects the projected weak free cash flow,
high outstanding balance on the revolver and the heightened
probability of negative variance in operating performance due to
the extensive integration, consolidation and restructuring plan.
Additionally, cushion under the existing covenant is adequate, but
would be substantially eroded by any negative variance in the
aforementioned plan.

Liqui-Box has some exposure to end markets that may be negatively
affected by the rapid and widening spread of the coronavirus
outbreak including industrial, construction, logistics, quick
service restaurants, and graphics. However, the company also has
high exposure to end markets that are expected to benefit including
food, beverage and pharmaceutical. Moody's regards the coronavirus
outbreak as a social risk under its ESG framework, given the
substantial implications for public health and safety.

Downgrades:

Issuer: Liqui-Box Holdings, Inc.

Corporate Family Rating, Downgraded to B3 from B2

Probability of Default Rating, Downgraded to Caa1-PD from B3-PD

Gtd Senior Secured Revolving Credit Facility, Downgraded to B3
(LGD3) from B2 (LGD3)

Gtd Senior Secured Bank Term Loan, Downgraded to B3 (LGD3) from B2
(LGD3)

Outlook Actions:

Issuer: Liqui-Box Holdings, Inc.

Outlook, Changed to Negative from Stable

RATINGS RATIONALE

Moody's credit view of Liqui-Box reflects an expectation that
leverage will improve but remain above 6.5x and that free cash flow
will remain weak following the acquisition of DS Smith. EBITDA is
expected to benefit from cost cutting initiatives but remain
relatively weak due to projected continued softness in end markets
that generate 52% of sales (industrial, construction, logistics,
quick service restaurants, and graphics). Free cash flow is also
expected to be negatively impacted by the aforementioned and
expenses for the company's extensive integration, consolidation and
restructuring plan, which are expected to continue into 2021.

Weaknesses in Liqui-Box Holdings, Inc.'s (Liqui-Box) pro forma
credit profile includes a high customer concentration of sales with
approximately 25% of sales generated by the top ten customers.
Additionally, the company generates approximately 25% of sales in
cyclical end markets including industrial, construction, logistics,
and graphics. Moreover, 27% of sales (48% of the Flexibles segment)
are generated from quick service restaurants. Approximately 30% of
total sales lack contractual raw material cost pass through
mechanisms, which will erode margins if the company is unable to
increase prices to offset increases in these historically volatile
costs. Additionally, lags are lengthy for the business with cost
pass throughs leaving the company exposed to changes in volumes
before price increases can be passed through. The revenue base is
also considered small with pro forma sales of approximately $565
million giving Liqui-Box less leverage in negotiations with
customers and suppliers.

Liqui-Box's liquidity encompasses an expectation of weak free cash
flow over the next 12 months, $65 million of borrowings under the
company's $75 million revolver, and $59 million in cash at March
31, 2020. The only financial covenant on the credit facilities is a
static total net leverage covenant of 7.5 times. Moody's expects
the company to maintain adequate cushion under this covenant over
the next 12 months, but any negative variance in Liqui-Box's
extensive integration, consolidation and restructuring plan would
substantially erode that. Liqui-Box has modest seasonality in the
second and third calendar quarters. Term loan amortization is 1.0%
annually ($5.3 million) and the facility has an excess cash flow
sweep. Most assets are fully encumbered by the secured debt leaving
little in the way of alternate liquidity. The nearest significant
debt maturity is the $75 million revolver in 2024.

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

Moody's could downgrade the company's ratings if credit metrics,
liquidity or the competitive environment deteriorate. Acquisitions
entailing significant financial or integration risk could also
jeopardize the rating. Specifically, the ratings or outlook could
be downgraded if:

  - Debt to EBITDA is above 6.5 times

  - Funds from operations to debt is below 7.0%

  - EBITDA interest coverage is below 2.25 times

Moody's could upgrade the rating if the company is able to
sustainably improve credit metrics within the context of a stable
competitive environment and maintain good liquidity. Specifically,
ratings could be upgraded if:

  - Debt to EBITDA is below 5.5 times

  - Funds from operations to debt is above 9.0%

  - EBITDA to interest expense coverage improves to over 3.0 times

Headquartered in Richmond, Virginia, Liqui-Box is a manufacturer of
flexible and rigid packaging. Pro forma for the DS Smith
acquisition, approximately 60% of sales are generated from its
flexibles segment which includes bags, fitments and filling
equipment primarily for food and beverage end markets.
Approximately 40% of sales are generated by the reusables segment
which includes foam products, extruded products and reusable crates
for items such as beer and soft drinks. The company generates
approximately two-thirds of EBITDA in the United States and the
remainder of its EBITDA internationally. Pro forma revenue for the
twelve months ended March 30, 2020 was approximately $565 million.
Liqui-Box is a portfolio company of Olympus Partners and does not
publicly disclose financial information.

The principal methodology used in these ratings was Packaging
Manufacturers: Metal, Glass, and Plastic Containers published in
May 2018.


LIVEXLIVE MEDIA: Issues 2.4M Shares to UMGR to Satisfy Obligation
-----------------------------------------------------------------
LiveXLive Media, Inc. and UMG Recordings, Inc., entered into a
Shares Issuance Agreement pursuant to which the Company issued
2,415,459 shares of its common stock, $0.001 par value per share,
at a price of $4.14 per share, to satisfy the Company's payment
obligation in the amount of $10,000,000 owed to UMGR (the
"Threshold Amount").  The Shares will be issued to UMGR pursuant to
the Company's effective shelf Registration Statement on Form S-3,
as amended (File No. 333-228909), which was filed with the U.S.
Securities and Exchange Commission on Dec. 19, 2018 and went
effective on Feb. 7, 2019, and a prospectus supplement relating to
the offering of the Shares filed with the SEC on July 22, 2020.  In
the event that the value of the Shares as of Sept. 30, 2020 is less
than the Threshold Amount, Slacker and the Company agreed to make
an additional cash payment to UMGR in an amount equal to the
difference between (i) the Threshold Amount and (ii) the sum of (x)
the net proceeds of any sales of the Shares by UMGR plus (y) the
aggregate value of the Shares not sold by UMGR as of such date.
The settlement of the issuance of the Shares is expected to take
place on or about July 22, 2020.  The Company will not receive any
cash proceeds from the offering of the Shares.

On July 22, 2020, the Company agreed to issue directly to a certain
institutional investor and another investor a total of 1,820,000
shares of the Company's common stock, par value $0.001 per share,
for cash consideration of $7,534,800 at a price per share of $4.14.
The net proceeds of this offering to the Company are expected to
be approximately $7,100,000, after deducting estimated advisory
fees and other estimated offering expenses payable by the Company,
provided, that the advisory fees may be paid by the Company in cash
and/or equity.  The Company intends to use the net proceeds for
repayment of debt of up to $5,000,000, working capital and general
corporate purposes.  The offering of the Investor Shares is being
made pursuant to the Registration Statement, and a prospectus
supplement relating to the offering filed with the SEC on July 22,
2020.  The offering of the Investor Shares is expected to close on
or about July 24, 2020.

                      About LiveXLive Media

Headquartered in West Hollywood, CA, LiveXLive --
http://www.livexlive.com/-- is a global digital media company
focused on live entertainment.  The Company operates LiveXLive, a
live music video streaming platform; and Slacker Radio, a streaming
music pioneer; and also produces original music-related content.
LiveXLive is at 'live social music network', delivering premium
livestreams, digital audio and on-demand music experiences from the
world's top music festivals and concerts, including Rock in Rio,
EDC Las Vegas, Hangout Music Festival, and many more.  LiveXLive
also gives audiences access to premium original content, artist
exclusives and industry interviews. Through its owned and operated
Internet radio service, Slacker Radio (www.slacker.com), LiveXLive
delivers its users access to millions of songs and hundreds of
expert-curated stations.

LiveXLive reported a net loss of $38.93 million for the year ended
March 31, 2020, compared to a net loss of $37.76 million for the
year ended March 31, 2019. As of March 31, 2020, the Company had
$54.12 million in total assets, $61.25 million in total
liabilities, and a total stockholders' deficit of $7.13 million.

BDO USA, LLP, in Los Angeles, California, the Company's auditor
since 2018, issued a "going concern" qualification in its report
dated June 26, 2020, citing that the Company has suffered recurring
losses from operations, negative cash flows from operating
activities and has a net capital deficiency that raise substantial
doubt about its ability to continue as a going concern.  In
addition, the COVID-19 pandemic could have a material adverse
impact on the Company's results of operations, cash flows and
liquidity.


MARIMED INC: Discloses Factors Exist for Going Concern Doubt
------------------------------------------------------------
MariMed Inc. filed its quarterly report on Form 10-Q, disclosing a
net loss of $2,337,716 on $7,466,019 of revenues for the three
months ended March 31, 2020, compared to a net income of $77,988 on
$3,515,815 of revenues for the same period in 2019.

At March 31, 2020, the Company had total assets of $65,342,284,
total liabilities of $58,918,104, and $8,300,820 in total
stockholders' deficit.

The Company disclosed that there is a substantial doubt that it
will be able to continue as a going concern within one year after
the issuance date of the financial statements.

The Company said, "As part of its evaluation, management assessed
known events, trends, commitments, and uncertainties, which at the
time included the status of the Company's consolidation plan, the
impact of the COVID-19 pandemic on its operations, developments
concerning GenCanna's bankruptcy proceedings, the recent level of
cannabis industry investment activity, stock price movement of
public cannabis companies, actions and/or results of certain
bellwether cannabis companies, the measure of cannabis investor
confidence, and changes to state laws with respect to adult-use
recreational and medical cannabis use.

"At March 31, 2020, the Company had negative working capital of
approximately $24.2 million, and for the quarter then ended,
incurred negative net cash flow from operations of approximately
$407,000.

"As of the filing date of this report, the Company is in continuing
discussions with financial institutions to explore the potential to
generate liquidity from the Company's unencumbered real property
through mortgage-backed financings, the refinancing of certain
outstanding mortgage loans, the sales-leaseback of certain
properties, and/or a combination thereof.  These discussions and
resultant transactions have been hindered by the shelter-in-place
executive orders mandated across the United States during the
period March 2020 through May 2020 in response to the COVID-19
pandemic.  Based on the Company's discussions to date, such
financings could potentially generate upwards of $17.0 million of
proceeds to the Company; however, the Company has no current
commitments, nor is there any assurance that terms will be reached
that will be acceptable to the Company.

"The operations of the Company's recently acquired entities in
Illinois and Massachusetts are expected to generate considerable
liquidity and working capital for the Company.  The state of
Illinois legalized adult-use cannabis in January 2020, which was
added to the Company's two existing cannabis licenses, thereby
increasing the Company's operations in this state to service both
medical and recreational cannabis consumers.  In Massachusetts, the
cultivation and production facility acquired by the Company has
completed its first harvest and commenced full scale selling
operations in this state's robust cannabis market.  Despite these
positive developments, there is no assurance that the Company will
continue to meet or exceed its projections given the uncertainty of
the global economy due to COVID-19."

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

                       https://is.gd/Mq5LPm

MariMed Inc., a multi-state cannabis operator, is dedicated to
improving the health and wellness of people through the use of
cannabinoids and cannabis products.  The Company develops, owns,
and manages seed to sale state-licensed cannabis facilities, which
are models of excellence in horticultural principles, cannabis
cultivation, cannabis-infused products, and dispensary operations.
MariMed has an experienced management team that has produced
consistent growth and success for the Company and its managed
business units.  The Company is based in Norwood, Massachusetts.


MASHANTUCKET WESTERN: S&P Lowers Term Loan B Rating to 'D'
----------------------------------------------------------
S&P Global Ratings lowered its issue-level rating on U.S. casino
operator Mashantucket (Western) Pequot Tribe's term loan B to 'D'
from 'CCC-'.

"The downgrade to 'D' reflects our view that the maturity extension
of Mashantucket's term loan B is tantamount to a default because
investors are receiving less than the original promise without
adequate offsetting compensation," S&P said.

The agreement between Mashantucket and its term loan lenders
extends the maturity of its term loan to Dec. 31, 2020, from June
30, 2020. Lenders also agreed to reduce the interest rate spread.
S&P views this action as distressed and tantamount to a
default--rather than opportunistic--because, apart from this
transaction, the Tribe would have faced the real possibility of a
conventional default given its highly leveraged capital structure
and weak operating performance as a result of increased competition
in its market, which was further exacerbated by the casino's
closure from mid-March to June as a result of the COVID-19
pandemic.

S&P expects to raise the issue-level rating on the term loan B to
'CCC-' in the coming days to reflect the ongoing risk of a
conventional default. Its issuer credit rating on the Tribe will
remain 'SD' (selective default) because of its inability to make
full and timely debt service payments to its junior debtholders.


MICHAEL BONERT: Blakeley Represents Brian Muldoon, 15 Others
------------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firm of Blakeley LLP submitted a verified statement that it
is representing these Unsecured Claimants in the Chapter 11 cases
of Michael Bonert and Vivien Bonert.

As of July 16, 2020, the Unsecured Claimants and their disclosable
economic interests are:

Seneca Foods Corporation
c/o Kristal Herrick
3736 South Main Street
Marion, NY 14505

* Unsecured claim in the approximate amount of $172,451.93 arising
  out of the sale of goods.

Coastal Carriers, LLC
c/o JC Harrell
120 Hammer Lane
Troy, MO 63379

* Unsecured claim in the approximate amount of $804,954.44 arising
  out of services provided.

Packaging Corporation of America
c/o Vince Carrera
1 North Field Court
Lake Forest, IL 60045

* Unsecured claim in the approximate amount of $223,138.47 arising
  out of the sale of goods.

Stratas Foods LLC
c/o Mike Hughes
7130 Goodlett Farms Pkwy, Suite 200,
Memphis, TN 38016

* Unsecured claim in the approximate amount of $57,830.40 arising
  out of the sale of goods.

Capitol Distribution Company, LLC
c/o Doug Jensen
13930 Mica Street
Santa Fe Springs, CA 90670

* Unsecured claim in the approximate amount of $818,516.98 arising
  out of the sale of goods.

Vita-Pakt Citrus Products Co.
c/o Alan Cutler
203 E. Badillo Street
Covina, CA 91723

* Unsecured claim in the approximate amount of $9,556.60 arising
  out of the sale of goods.

Ingredion Incorporated
c/o Chris Rankin
PO Box 742206
Los Angeles, CA 90074

* Unsecured claim in the approximate amount of $82,050.35 arising
  out of the sale of goods.

Cargill Incorporated
c/o Edward William Humphrey
15407 McGinty Road W MS 177
Wayzata, MN 55391

* Unsecured claim in the approximate amount of $376,301.88 arising
  out of the sale of goods.

Villegas Trucking Inc.
c/o Juan Villegas
10565 Dream Street
Bloomington, CA 92316

* Unsecured claim in the approximate amount of $330,498.14 arising
  out of services provided.

Lawrence Foods Inc.
c/o Marc Lawrence
2200 Lunt Avenue
Elk Grove Village, Ill. 60007

* Unsecured claim in the approximate amount of $6,218.00 arising
  out of the sale of goods.

Graphic Packaging International
c/o Jeff Ross
1500 Riveredge Pkwy NW, Suite 100,
Atlanta, GA 30328

* Unsecured claim in the approximate amount of $190,688.61 arising
  out of the sale of goods.

Lobasso Packaging
c/o Hiro Harada
18627 Brookhurst Street, #515
Fountain Valley, CA 92708

* Unsecured claim in the approximate amount of $113,013.31 arising
  out of the sale of goods.

Malnove Incorporated of Utah
c/o Tim Gzehoviak
13434 F Street,
Omaha, Nebraska 68137

* Unsecured claim in the approximate amount of $76,367.03 arising
  out of the sale of goods

D&W Fine Pack LLC
c/o Wendy Bromley
PO Box 203210
Dallas, TX 75320

* Unsecured claim in the approximate amount of $169,167.36 arising
  out of the sale of goods

Brian Muldoon Packaging Services
c/o Brian Muldoon
18447 Saint Moritz Drive
Tarzana, CA 91356

* Unsecured claim in the approximate amount of $13,383.00 arising
  out of the sale of goods

Direct Packaging and Printing, Inc.
c/o Stephen Gough
17150 Newhope Street, Suite 505
Fountain Valley, CA 92708

* Unsecured claim in the approximate amount of $3,374.50 arising
  out of the sale of goods

The Unsecured Claimants consist of suppliers that assert their
claims against the Debtors based on alter ego theories of liability
and fraudulent transfer claims. Debtors owned and controlled
Bonert's Inc., as well as six affiliated entities that held real
estate exclusively used by Bonert's. Bonert's is now defunct. The
underlying contractual and Uniform Commercial Code claims held by
the Unsecured Claimants are against Bonert's. But the debtors
fraudulently appropriated cash and other assets from Bonert's. As a
result, Debtors are liable for Bonert's debts, as well as the
fraudulent transfers they received.

Each of the Unsecured Claimants has retained the Firm to represent
its individual interests of defending objections to proof of claims
filed by the Debtors against the Unsecured Claimants.

Nothing contained in this Verified Statement is intended or shall
be construed to constitute (i) a waiver or release of the rights of
the Unsecured Claimants to have any final order entered by, or
other exercise of the judicial power of the United States performed
by, an Article III court; (ii) a waiver or release of the rights of
the Unsecured Claimants to have any and all final orders in any and
all noncore matters entered only after de novo review by a United
States District Judge; (iii) consent to the jurisdiction of the
Court over any matter; (iv) an election of remedy; (v) a waiver or
release of any rights the Unsecured Claimants may have to a jury
trial; (vi) a waiver or release of the right to move to withdraw
the reference with respect to any matter or proceeding that may be
commenced in this Chapter 11 Case against or otherwise involving
the Unsecured Claimants; or (vii) a waiver or release of any other
rights, claims, actions, defenses, setoffs or recoupments to which
the Unsecured Claimants may be entitled, in law or in equity, under
any agreement or otherwise, with all of which rights, claims,
actions, defenses, setoffs or recoupments being expressly
reserved.

The Firm reserves the right to amend or supplement this Verified
Statement in accordance with the requirements set forth in the
Bankruptcy Rule 2019. The information contained herein is intended
only to comply with Bankruptcy Rule 2019 and is not intended for
any other use or purpose.

Counsel for Creditors can be reached at:

          BLAKELEY LLP
          Scott E. Blakeley, Esq.
          Sean Lowe, Esq.
          18500 Von Karman Ave, Suite 530
          Irvine, California 92612
          Tel: (949) 260-0611
          Fax: (949) 260-0613
          Email: SEB@BlakeleyLLP.com
                 SLowe@BlakeleyLLP.com

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

                 About Michael and Vivien Bonert

Michael and Vivien Bonert sought protection under Chapter 11 of
the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 19-20836) on Sept. 12,
2019.  The Debtors are represented by Alan W. Forsley, Esq.


MICHAEL F. RUPPE: $1.2M Sale of Three Wharton Properties Approved
-----------------------------------------------------------------
Judge John K. Sherwood of the U.S. Bankruptcy Court for the
District of New Jersey authorized Michael F. Ruppe's sale of the
following three real properties located at: (i) 10-12 Huff Street,
Wharton, New Jersey to Brandon Pires for $370,000; (ii) 9-11 Baker
Avenue, Wharton, New Jersey to Matthew J. Ledet for $375,000; and
(iii) 81 Pine Street, Wharton, New Jersey to Megan Mahmoud, Nasir
Uddin, and Ahmed Ahmed for $438,600.

A hearing on the Motion was held on July 14, 2020 at 10:00 a.m.

Customary closing adjustments payable by the Debtor for municipal
charges, rent or utility adjustment, or assessments will be
satisfied from the proceeds of the sale at closing.

Pursuant to D.N.J. LBR 6004-5, the Debtor will pay Realtor 6% of
the sale proceeds for the 81 Pine Property at closing without a
separate application for compensation.

The sale of the property will be completed within 90 of the entry
of the Order.

The proceeds of sale must be used to satisfy the liens on the real
property unless the liens are otherwise avoided by Court order.
Until such satisfaction the real property is not free and clear of
liens.  Wells Fargo Bank, N.A. is to be paid in full pursuant to an
updated payoff to be ordered before the close of escrow.

In full satisfaction of its lien, Customers Bank will be paid in
accordance with a written agreement to accept an amount less than
the amount due it and with any balance remaining will be an
unsecured claim in the Debtor’s bankrutpcy case, but upon closing
and disbursement in accordance with it written agreement, Customers
Bank will no longer retain a liens upon the 10-12 Huff Street or
9-11 Baker Avenue real properties.

Pursuant to Section 506(c) of the Bankruptcy Code for reimbursement
to the Debtor and bankruptcy counsel for costs incurred for
preserving and dispossessing the Properties, Customers Bank has
agreed to a reduction in the amount due it in the amounts of $5,000
from the sale of 10-12 Huff Street, Wharton, New Jersey and $5,000
and 9-11 Baker Avenue, Wharton, New Jersey.  The $10,000
"carve-out" will be held by bankruptcy counsel in trust pending
further application to the Court for approval of the compensation.


Wells Fargo Bank, N.A., will receive funds within 48 hours of the
closing.  The Sale constitutes legal, valid, and effective
transfers and will vest the Purchasers with all right, title, and
interest of the Debtor in and to the Properties.

The Debtor is required to obtain a Certificate of Habitability from
the Borough of Wharton prior to closing. A s a condition precedent
to the Borough issuing a temporary Certificate of Habitability, the
Purchaser will be required to execute a writing expressly
confirming its by the Borough no later than 60 days after closing.

The net sale proceeds from the sale of the Property will be held in
the Debtor's Bankruptcy Counsel's Trust Account pending
confirmation of a Chapter 11 Plan of Reorganization or further
order of the Court.

Notwithstanding Bankruptcy Rules 6004(h) th1 Order will not be
stayed for 14 days after its entry but will be effective and
enforceable upon its entry.

A true copy of the Order will be served on all parties who received
notice of the Motion, within seven days from the entry of the
Order.

Michael F. Ruppe sought Chapter 11 protection (Bankr. D. N.J. Case
No. 20-10544) on Jan. 13, 2020.  The Debtor tapped David L. Steven,
Esq., as counsel.  On Feb. 10, 2020, the Court appointed Robert
Sivori as realtor.



MODELL’S SPORTING: Seeks 3-Month Extension for Exit Plan
----------------------------------------------------------
SGB Media, writing for SGB Online, reports that Modell's Sporting
Goods is seeking a three-month extension of the time it has to file
its bankruptcy plan due to challenges liquidating merchandise due
to the coronavirus pandemic.

The New York-based chain filed for bankruptcy on March 11 with a
plan to liquidate inventory through store-closing sales, pay off
their lenders by mid-April and use the remaining proceeds from
store-closing sales to wind down operations and provide
distribution to creditors.  A few days after filing, state and
local orders forced Modell's to cease conducting store closing
sales and "mothball their operations," Robert Duffy, chief
restructuring officer for the case, wrote in court documents.

The Chapter 11 case was first suspended until April 30 then
suspended again until May 31 and once more until June 15 due to
continued store closings.

Mr. Duffy said that on June 12 the Bankruptcy Court in Newark, NJ
approved a budget to support the bankruptcy proceedings through the
week ending August 29 to restart bankruptcy proceedings.

According to the court documents, Modell's anticipated opening 60
stores in New Jersey, Pennsylvania, Massachusetts, Connecticut, and
Delaware on June 15 and opening an additional 27 stores on Long
Island and Mid-Hudson Valley on June 18.  The remaining stores are
expected to open once state and local laws allow.  The company had
153 stores when it filed for bankruptcy.

In asking for the extension, Mr. Duffy wrote, "Although the Chapter
11 cases are three months old chronologically, the debtors have
been operational for less than two weeks since the inception of the
cases."

The motion seeks to extend the exclusive filing period by 120 days
through and including November 6 and the exclusive solicitation
period by 115 days through and including Dec. 31.

Mr. Duffy wrote, "The debtors submit that 'cause' exists to grant
the relief requested because (a) the cases are large and complex,
(b) the debtors require additional time to negotiate and prepare
adequate information, (c) the debtors have made good-faith
progress, (d) the debtors are current on post-petition obligations,
as modified by the various orders set forth above, (f) the debtors
have made progress negotiating with creditors, and (g) the Chapter
11 Cases have not been pending for a long time and were dormant for
much of the time that they were pending."

                  About Modell's Sporting Goods

Modell's Sporting Goods -- https://www.modells.com/ -- is a
family-owned and operated retailer of sporting goods, athletic
footwear, active apparel, and fan gear.  Modell's Sporting Goods
operates stores throughout New York, New Jersey, Pennsylvania,
Connecticut, Massachusetts, New Hampshire, Delaware, Maryland,
Virginia and the District of Columbia.

Modell's Sporting Goods, Inc., and its affiliates sought Chapter 11
protection (Bankr. D.N.J. Lead Case No. 20-14179) on March 11,
2020.

Modell's Sporting Goods was estimated to have $500,000 to $1
million in assets and $1 million to $10 million in liabilities.  

The Hon. Vincent F. Papalia is the case judge.

The Debtors tapped Cole Schotz P.C. as counsel; Berkeley Research
Group, LLC, as restructuring advisor; and Prime Clerk LLC as claims
agent.

On March 23, 2020, the Office of the United States Trustee
appointed the Official Committee of Unsecured Creditors of Modell's
Sporting Goods.  The Committee retained Lowenstein Sandler LLP, as
counsel.


MOMENTIVE PERFORMANCE: S&P Downgrades ICR to 'B'; Outlook Negative
------------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
silicone manufacturer Momentive Performance Materials Inc. to 'B'
from 'B+'. The outlook is negative.

At the same time, S&P lowered its rating on the company's senior
secured credit facility to 'B' from 'B+'. The '3' recovery rating
is unchanged, indicating S&P's expectation for meaningful (50%-70%;
rounded estimate: 55%) recovery in the event of a payment default.

The downgrade follows S&P's revised expectation that 2020 EBITDA
and credit metrics will remain weaker than depressed 2019 levels
given the effect coronavirus has had on the global economy.
Following a weak 2019 driven by depressed siloxane pricing due to
oversupply, the company is facing a challenging economy in 2020
that is effecting key silicone industrial end markets such as
automotive and construction, leading to weakened credit measures
below S&P's previous expectations. Although Momentive has good
geographic diversity in North America, Asia Pacific (APAC), and
Europe, S&P is forecasting negative GDP growth in 2020 for all of
those geographies. With continued weakness expected in the auto
sector and uncertainty in the global economy as the result of the
COVID-19, the rating agency is revising its 2020 and 2021
expectations down from its previous expectations, resulting in S&P
weighted average debt to EBITDA of about 8x (previously expected
between 6x-7x).

Over the past five years, Momentive has shifted its business away
from commodity silicone products toward higher-margin formulated
silicone and additive products, which S&P expects to continue over
the longer term. Although in 2019 the company's EBITDA was affected
by low siloxane pricing and volume declines, S&P expects the
company to maintain its focus on higher-margin silicones and
additives to a variety of end markets, including automotive,
agriculture, and personal care. Momentive has continued to
recognize the benefits of cost-savings initiatives to slightly
offset weakened operating performance, and S&P expects the company
to continue these efforts through 2020 and 2021.

"Our assessment of the company's financial risk reflects our
expectation that its credit metrics will remain weak for the 'B'
rating. Given the material drop in its EBITDA through the 12 months
ended March 31, 2020, and our expectation for full-year 2020 and
2021 EBITDA to be well below our previous expectations, Momentive's
S&P Global Ratings' adjusted debt to EBITDA deteriorated to about
8x in March 2020," the rating agency said.

"We expect it to remain around this level on a weighted-average
basis for 2020 and 2021. Given our expectation for continued
suppressed siloxane prices and no significant rebound in the
automotive sector, combined with global economic uncertainty, we
expect EBITDA to remain down around 10% in 2020, with a rebound
beyond 2020 as the result of cost-saving initiatives, an economic
recovery and a focus on higher-margin silicones," S&P said.

Additionally, KCC Corp. is the majority owner of Momentive, however
SJL's minority ownership and limited record could pose a risk for
leverage to be higher than S&P's forecast or financial policies
more aggressive.

The negative outlook indicates S&P Global Ratings' expectation that
Momentive's top line and EBITDA will deteriorate in 2020,
reflecting its exposure to the auto industry and the effect of the
coronavirus. S&P believes GDP plus growth in key end markets will
support volume growth beyond 2020. Although S&P anticipates credit
metrics to be weak in 2020, the rating agency expects on a
weighted-average basis, after accounting for improvement in 2021,
debt/EBITDA will be around 8x. S&P's negative outlook does not
anticipate any large debt-funded acquisitions or shareholder
rewards and it takes into account that KCC Corp. will continue to
support Momentive Performance.

Although it believes credit measures will look weak for the rating
through 2020, S&P could lower the rating on Momentive over the next
12 months if weighted-average adjusted debt to EBITDA approaches
double-digit percentages on a sustained basis. Factors that could
contribute to weaker operating performance include continued
decline in autos or other key end markets, a sharp spike in raw
material costs, further deterioration in the global markets due to
coronavirus or a significant reduction in or loss of key customers'
business leading to a decline in EBITDA margins by 250 basis points
(bps). S&P could also lower the ratings should the company engage
in further debt repurchases if the rating agency believed these
purchases were not opportunistic and debt repurchases that the
rating agency considers to be distressed exchange. If S&P does not
believe KCC will provide adequate support to Momentive, the rating
agency could lower ratings on Momentive.

"We could consider a positive rating action if the company improves
operating results beyond our expectations driven by an improved
product mix and an uptick in product global demand beyond our
expectations. In an upside scenario, we would expect an EBITDA
margin improvement that is 500 bps above our base case, with
adjusted debt to EBITDA trending toward 6.5x over the next 12
months. In addition, if our assessment of Momentive's group status
within KCC improves, we could raise ratings on Momentive," S&P
said.


MURRAY ENERGY: Consol Drops Bid for Chapter 7 Liquidation
---------------------------------------------------------
Rick Shrum, writing for The Intelligencer, reports that Consol
Energy has dropped its intent to change the Chapter 11 bankruptcy
filing of Murray Energy to Chapter 7.

Canonsburg-based Consol filed for withdrawal June 9, which U.S.
bankruptcy Judge John E. Hoffman Jr. signed that day.  A hearing
scheduled for May 18 had been delayed.

Murray, the largest private coal operator in the U.S., initiated
Chapter 11 proceedings in October 2019 in an effort to reorganize
as a new company. A Chapter 7 filing would have resulted in an
immediate liquidation of all assets.

St. Clairsville, Ohio-based Murray bought five West Virginia coal
mines from Consol in 2013. Leasing arrangements coming out of that
sale still exist, enabling Consol to participate in the bankruptcy
proceedings.

In a fiery Zoom news conference on April 30, the United Mine
Workers of America contended that a change to Chapter 7 would
result in the closure of those mines.

International President Cecil Roberts bellowed: "I can't think of a
more despicable act than what (Consol Energy) did. These mines
might not exist if Chapter 7 takes place, and 2,000 miners will
lose their jobs and benefits at a time of a global pandemic."

"Chapter 7 will be the death of these mines," said Jason Todd,
president of Local 9909, representing 459 workers at the Marion
County Mine.

Consol issued a statement regarding its withdrawal of the motion:

"Our intentions have always been to preserve our rights and
interests throughout the Murray Energy bankruptcy proceedings.
Although many of the concerns raised were and remain valid, the
motion itself was no longer relevant as we work toward amicable
solutions for all parties involved, now and into the future."

"Our goal was never to put West Virginia coal miners at risk. To
the contrary, it was to protect our own coal miners, their
families, and our business in a time of great uncertainty. Now,
more than ever, we need a strong, united coal industry as we work
to bring jobs back and help the economy recover."
              
                       About Consol Energy

CONSOL Energy Corporation is a leading global pure-play coal
producer operating the Pennsylvania Mining Complex ("PAMC") located
in the Northern Appalachia coal basin. The company generated $1.4
billion in revenues in 2019.

                       About Murray Energy

Headquartered in St. Clairsville, Ohio, Murray Energy --
ttp://murrayenergycorp.com/ -- is the largest privately owned coal
company in the United States, producing approximately 76 million
tons of high quality bituminous coal each year, and employing
nearly 7,000 people in the United States, Colombia and South
America.

Murray Energy now operates 15 active mines in five regions in the
United States, plus two mines in Colombia, South America.  It
operates 12 underground longwall mining systems, 42 continuous
mining units, 10 transloading facilities, and five mining equipment
factory and fabrication facilities.

Murray Energy and its affiliates sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Ohio Lead Case No. 19-56885) on
Oct. 29, 2019.

At the time of the filing, the Debtors were estimated to have
assets of between $1 billion and $10 billion and liabilities of the
same range.

The cases have been assigned to Judge John E. Hoffman Jr.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel; Dinsmore & Shohl
LLP as local counsel; Evercore Group L.L.C. as investment banker;
Alvarez and Marsal L.L.C. as financial advisor; and Prime Clerk LLC
as notice and claims agent.

The U.S. Trustee for Region 9 appointed creditors to serve on the
official committee of unsecured creditors on Nov. 7, 2019.


NEIMAN MARCUS: Expects to Exit Bankruptcy by September
------------------------------------------------------
Kati Chitrakorn, writing for Vogue Business, reports that upscale
department store chain Neiman Marcus is one step closer to a safer
future. The department store chain has new financing and expects to
re-emerge from bankruptcy protection by early September 2020.

According to the report, Neiman Marcus received approval from the
Texas bankruptcy court overseeing its case to access
debtor-in-possession (DIP) financing, including the immediate
availability of $250 million and an additional $150 million in
early September 2020 to fund inventory, digital expansion plans
and, crucially, reassure brands of its future.  It received $275
million in May 2020, to continue receiving shipments, its advisors
said in court.

Debtor-in-possession (DIP) loans, which come from a retailer’s
existing lenders, are crucial as they help finance a company
through a reorganisation process.  Neiman Marcus had about $5.5
billion in debt when it filed for Chapter 11 protection.  

The business still has more hurdles: creditors must agree the
reorganisation plan at a meeting on July 11, with final
confirmation on Aug. 26, and only around 20 per cent of staff are
working amid Covid-19 closures at its 44 stores.

The financing was "necessary" to "assure brand partners that the
company is viable now and moving forward", Neiman's chief
restructuring officer Mark Weinsten said in a testimony on Tuesday.
It would also help to "maximise vendor willingness" to engage with
the company operationally and help with autumn shipping inventory,
noting there had been "growing concern" among brands of its future.
Some of Neiman's biggest creditors include Monument Consulting,
Rakuten and luxury brands like Chanel, Gucci and Dolce & Gabbana.

Loan agreements

For retailers, DIPs can take the form of an asset-based loan (ABL).
The amount a company can borrow is based on what its inventory
could fetch in liquidation sales. "Oftentimes, a debtor does not
have enough cash collateral to operate its business after filing
for bankruptcy, because it can be an expensive process," explains
James Van Horn, a partner at the law firm Barnes & Thornburg and a
specialist in retail bankruptcy.  This move assures lenders that if
a company fails to reorganise in bankruptcy, or make enough money
from operations to repay its loan, then the loan can still be
repaid by liquidating the retailer’s inventory and other assets.

"With the approval from the court to fully access the significant
DIP financing we have secured from our creditors, we are well
positioned to continue to serve our customers and global luxury
brand partners," said Geoffroy van Raemdonck, chairman and chief
executive officer of Neiman Marcus Group, in a statement. He added
that the financing would help the retailer invest in inventory and
fund its digital expansion.

The approval to access $250 million in DIP financing was "a very
necessary accomplishment", said Jeffrey Cohen, vice chair of
Lowenstein Sandler's bankruptcy department. "They are taking their
next step towards either a plan of reorganisation or a sale.
Without the funding to pursue either of those paths, it's game
over. You don't have the ability to stay operating long enough in
Chapter 11 unless you have the requisite funding. That was a
necessary hurdle for them to clear."

Neiman plans to re-emerge from bankruptcy in early September come
about four months after it filed for bankruptcy in May. During this
time the company would hire the services of A&G Realty Partners, a
real estate firm known for assisting retailers with store closures
and lease modifications, said Weinsten. A&G Realty Partners did not
respond to requests for comment.

Even though Neiman Marcus entered its Chapter 11 proceedings with
roughly $100 million in cash, it experienced a "negative cash flow"
of about $300 million during the first two months of the
bankruptcy, while its stores stayed closed, according to the
company. Neiman Marcus commenced Chapter 11 during the pandemic,
which caused the closure of all its stores from 18 March 2020,
significantly impacting the retailer's business to generate
revenue, said Weinsten.

Weinsten said that the retailer is "still coping with store
closures" due to Covid-19 so "sales are beating projections but
they are still not at pre-Covid-19 levels". "As stores resume
operations and reopen, operating costs including payroll and
marketing spend will increase significantly, further underscoring
the need for additional financing."

Earlier in the month, Neiman hit a road bump in its proceedings
when criticism emerged over the status of the department store
chain's profitable online business, Mytheresa.com. Some creditors
were upset because Mytheresa was originally said to be collateral
for the retailer’s debt, but was moved out of reach in a
controversial restructuring two years ago.

Deutsche Bank, one of Neiman's lenders, said in a court filing that
Neiman's inventory was $159 million less than the initial budget
within a week of the retailer's Chapter 11 filing. The investment
company raised its concerns around Neiman’s ability to
restructure its business. Neiman responded in a filing that the
company's business had outperformed the initial budget and it had
more cash than expected. "To be clear, no breach has occurred,"
attorneys for Neiman said.

"The claims that arise out of the Mytheresa transaction may weigh
into discussions on how to allocate value by way of distribution to
creditors, if Neiman is successful in reorganising," said Cohen. He
is optimistic of the future of Neiman Marcus post-bankruptcy. "I
think there is absolutely a place for Neiman Marcus in the new
retail landscape in a post-Covid-19 world. To me, the hallmark of a
retailer that has a reason to exist is if it has an identity and a
purpose, and I think that the Neiman customer base identifies with
its brand. That's enormously important."

                     About Neiman Marcus Group

Neiman Marcus Group LTD, LLC -- https://www.neimanmarcus.com/ -- is
a luxury omni-channel retailer conducting store and online
operations principally under the Neiman Marcus, Bergdorf Goodman,
and Last Call brand names.  It also operates the Horchow e-commerce
website offering luxury home furnishings and accessories.  Since
opening in 1907 with just one store in Dallas, Neiman Marcus and
its affiliates have strategically grown to 67 stores across the
United States.

Weeks after being forced to temporarily shutter stores due to the
coronavirus pandemic, Neiman Marcus Group and 23 affiliates sought
Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 20-32519) on
May 7, 2020, after reaching an agreement with a significant
majority of our creditors to undergo a financial restructuring that
will substantially reduce the Company's debt load, and provide
access to considerable financing to ensure business continuity.

Kirkland & Ellis LLP is serving as legal counsel to the Company,
Lazard Ltd. is serving as the Company's investment banker, and
Berkeley Research Group is serving as the Company's financial
advisor.  Stretto is the claims agent, maintaining the page
https://cases.stretto.com/NMG

Judge David R. Jones oversees the cases.

The Extended Term Loan Lenders are represented by Wachtell, Lipton,
Rosen & Katz as legal counsel, and Ducera Partners LLC as
investment banker.

The Noteholders are represented by Paul, Weiss, Rifkind, Wharton &
Garrison LLP as legal counsel and Houlihan Lokey as investment
banker.


NEIMAN MARCUS: Facebook in Talks Over Hudson Yard Space
-------------------------------------------------------
WWD reports that Facebook Inc. is in talks with Neiman Marcus for
the possible takeover of the Hudson Yard Space.

Facebook Inc. is considering taking over Neiman Marcus' retail
space at Hudson Yards in Manhattan, Women's Wear Daily reported,
citing a person familiar with the matter it didn't identify.

The operator of high-end department stores filed Chapter 11
bankruptcy on May 7, 2020, which would allow it to back out of its
188,000-square-foot store lease free of penalties.

If Facebook takes over the space, it would add to the lease the
tech giant signed last year for more than 1.5 million square feet
of space in the same development.

                   About Neiman Marcus Group

Neiman Marcus Group LTD, LLC -- https://www.neimanmarcus.com/ -- is
a luxury omni-channel retailer conducting store and online
operations principally under the Neiman Marcus, Bergdorf Goodman,
and Last Call brand names.  It also operates the Horchow e-commerce
website offering luxury home furnishings and accessories.  Since
opening in 1907 with just one store in Dallas, Neiman Marcus and
its affiliates have strategically grown to 67 stores across the
United States.

Weeks after being forced to temporarily shutter stores due to the
coronavirus pandemic, Neiman Marcus Group and 23 affiliates sought
Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 20-32519) on
May 7, 2020, after reaching an agreement with a significant
majority of our creditors to undergo a financial restructuring that
will substantially reduce the Company's debt load, and provide
access to considerable financing to ensure business continuity.

Kirkland & Ellis LLP is serving as legal counsel to the Company,
Lazard Ltd. is serving as the Company's investment banker, and
Berkeley Research Group is serving as the Company's financial
advisor.  Stretto is the claims agent, maintaining the page
https://cases.stretto.com/NMG

Judge David R. Jones oversees the cases.

The Extended Term Loan Lenders are represented by Wachtell, Lipton,
Rosen & Katz as legal counsel, and Ducera Partners LLC as
investment banker.

The Noteholders are represented by Paul, Weiss, Rifkind, Wharton &
Garrison LLP as legal counsel and Houlihan Lokey as investment
banker.


NEOSHO CONCRETE: Seeks to Hire David Schroeder as Legal Counsel
---------------------------------------------------------------
Neosho Concrete Products Company seeks authority from the U.S.
Bankruptcy Court for the  Western District of Missouri to hire
David Schroeder Law Offices, P.C. as its legal counsel.

The firm will provide the following services:

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

     (b) attend meetings and represent Debtor in negotiations;

     (c) take all necessary actions to protect and preserve
Debtor's bankruptcy estate, including the prosecution of actions,
the defense of any actions commenced against the estate, and
objections to claims filed against the estate;

     (d) prepare legal papers;

     (e) negotiate and prosecute all contracts for the sale of
assets, plan of
reorganization, disclosure statement and all related agreements or
documents; and

     (f) appear before the bankruptcy court and the U.S. Trustee.

The firm will be paid at hourly rates as follows:

     David E. Schroeder      $325
     Paralegal               $75

David Schroeder, Esq., disclosed in court filings that his firm is
disinterested within the meaning of Section 101(14) of the
Bankruptcy Code.

The Firm can be reached through:

     David E. Schroeder, Esq.
     David Schroeder Law Office, P.C.
     1524 E. Primrose, Suite A
     Springfield, MO 65804
     Phone: (417) 890-1000
     Fax : 417-886-8563
     Email: bk1@dschroederlaw.com

                  About Neosho Concrete Products

Neosho Concrete Products Company, a ready mix concrete supplier in
Neosho, Mo., filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. W.D. Mo. Case No. 20-30314) on
July 7, 2020. The petition was signed by Neosho President Warren
Langland.  At the time of the filing, Debtor disclosed $100,000 to
$500,000 in assets and $1 million to $10 million in liabilities.
Debtor has tapped David Schroeder Law Office, P.C. as its legal
counsel.


NEW YORK HELICOPTER: Aug. 10 Auction of All Assets Set
------------------------------------------------------
Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York authorized the bidding procedures proposed by
New York Helicopter Charter, Inc., in connection with the auction
sale of substantially all of its assets and certain assets of its
affiliate, Miami Helicopter Inc. ("MHI").

A hearing on the Bid Procedures Motion was held on July 30, 2020.

The Debtor is authorized to change the deadlines set forth in the
Bidding Procedures, adjourn, continue or suspend the Auction and/or
Sale Hearing, and/or change the location of the Auction for any
reason, without further order of the Court.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Aug. 6, 2020 at 9:00 a.m.

     b. Initial Bid: The Debtor will determine which bids are
deemed to be "Qualified Bids" and which Acceptable Bidders are
"Qualified Bidders" and will notify the Acceptable Bidders whether
any bids submitted constitute Qualified Bids so as to enable
Qualified Bidders to bid at the Auction.  By participating at the
Auction, each bidder agrees to the terms of these Bidding
Procedures, including without limitation the requirement to be a
Back-Up Bidder.

     c. Deposit: 10% of the proposed purchase price

     d. Auction: In the event of an Auction, the Auction will
commence on Aug. 10, 2020 at 10:00 a.m. at the offices of White &
Wolnerman, PLLC, 950 Third Ave., 11th Floor, New York, New York
10022.

     e. Bid Increments: Subsequent bids at the Auction, including
any bids by credit-bids by 1st Source Bank, will be made as
follows: (i) in respect of Helicopter Assets, in minimum increments
of $5,000; and (ii) in respect of the Company as a going concern,
in minimum increments of $50,000.

     f. Sale Hearing: Aug. 12, 2020 at 10:00 a.m.

     g. Sale Objection Deadline: No later than seven days prior to
the Sale Hearing

     h. Closing: Aug. 15, 2020

1st Source Bank will be deemed a Qualified Bidder for purposes of
participating in the Auction by way of credit bid.  The Auction
will be governed by such other Auction Procedures as may be
announced by the Debtor, after consultation with its advisors and
1st Source Bank, from time to time on the record at the Auction;
provided, that any such other Auction Procedures will not be
inconsistent with any order of the Court in the Debtor's Chapter 11
Case.

The Sale Notice annexed to the Bid Procedures Motion as Exhibit C
is approved.  Within three business days after the entry of the
Order, the Debtor will have caused a copy of the Order, the Sale
Notice and the Bidding Procedures to be served upon the Notice
Parties via first class mail.  The notice as set forth in the
preceding two paragraphs will constitute good and sufficient notice
of the Motion, the Auction and the Sale Hearing and no other or
further notice of the Motion, the Auction and the Sale Hearing will
be necessary or required.   

In the event the Debtor realizes $450,000 or more in sale proceeds
from the process the Sale Deadline with respect to the Sale Assets
will be extended by one month, provided, however, that
notwithstanding anything contained herein to the contrary,
following the Sale Deadline, the Debtor will have no obligation to
1st Source Bank to sell the business as a going concern.

In the event that any of the Sale Assets that serve solely as 1st
Source Bank's collateral is not sold by the Sale Deadline, unless
otherwise extended pursuant to the Order or by written agreement
between the Debtor and 1st Source Bank, 1st Source Bank may
foreclose upon, repossess, and/or dispose of in either a private or
public sale, such collateral and, in the sole an absolute
discretion of 1st Source Bank, direct the Debtor and MHI to
turnover such collateral to 1st Source Bank, and the automatic stay
imposed by Section 362 of the Bankruptcy Code is modified to allow
for same.   

1st Source Bank's non-exercise of its Remedy Option will not be
deemed a waiver thereof; 1st Source Bank may exercise the Remedy
Option at any time after Sale Deadline, unless otherwise extended
in accordance with the Order.

Notwithstanding expiration of the Sale Deadline, stay relief and
1st Source Bank's Remedy Option, in the event that 1st Source Bank
does not exercise its Remedy Option after the Sale Deadline, and
for so long as the Debtor is a Chapter 11 debtor in possession, the
Debtor will use its best efforts to close on the sale(s) of the
Sale Assets,  the Debtor may, alternatively, abandon collateral to
the Bank.

Subject to DAI's right to assert a lien over the Debtor's C30P
engine bearing serial number CAE896071 per Texas Property Code
70.001 et seq. or per any other applicable non-bankruptcy law, to
the extent and in such priority DAI may have a lien, if any, as of
the commencement of the Debtor's bankruptcy case and
notwithstanding turnover of the Engine to the Debtor, and further
subject to the Debtor's rights under Section 506(c) of the
Bankruptcy Code, proceeds of Sale will be distributed as follows:

     a. First, all fees required to be paid to the Clerk of the
Court and to the U.S. Trustee plus interest;

     b. Second, to pay the costs of sale, including broker
commissions;

     c. Third, the next $25,000 to WW on account of its Carveout,
subject to approval of the applicable fee application and then
distributed to WW;

     d. Fourth, the next $300,000 to 1st Source Bank in repayment
of allowed pre-petition debt;

     e. Fifth, the next $25,000 to WW on account of its Carveout,
subject to approval of an applicable fee application and then
distributed to WW;

     f. Sixth, the next $300,000 to 1st Source Bank in repayment of
allowed pre-petition debt;

     g. Seventh, the next $25,000 to WW on account of its Carveout,
subject to approval of an applicable fee application and then
distributed to WW;

     h. Eighth, to 1st Source Bank, in repayment of allowed
pre-petition deb until paid in full with interests and fees; and

     i. Ninth, to the extent 1st Source Bank’s allowed claim is
paid in full, with interest and fees, to the estate;

In the event an asset that is part of 1st Source Bank's collateral
is sold to a party other than by way of credit bid, the Carve-Out
will be paid from the applicable sale proceeds and released to WW
upon the closing of the sale of the applicable asset(s) of the
Debtor and/or MHI or the Debtor's business.   

In the event an asset is acquired by 1st Source Bank pursuant to
credit bid, 1st Source Bank will be responsible for the payment of
HMS’s commission (in the event the credit bid exceeds the strike
price(s)) and the applicable portion of the Carveout.

To the extent that the estate realizes sale proceeds from the sale
of both encumbered and unencumbered assets, the Carve-Out will
first be payable from the proceeds of sale of unencumbered assets,
then cash proceeds of Sale Assets, and then, only to the extent any
Carve-Out is still due and owing to WW in accordance with the
Distribution Waterfall, from 1st Source Bank on account of its
credit bid.  

To the extent that the credit bid is less than the strike price(s)
MHS will be reimbursed by 1st Source Bank for the costs of sale but
will not be paid a commission.

Any amounts recovered by the estate and MHI on account of any
unencumbered asset, including but not limited to the Sale Assets,
License, and any causes of action, which are distributed to WW
under the Bankruptcy Code on account of WW’s post-petition fee
claims will reduce the Carve-Out dollar for dollar.  For avoidance
of doubt, any amounts paid to WW from the Carve-Out in excess of
the Reduced Carve-Out will be immediately paid and reimbursed to
1st Source Bank.   

As adequate protection for any Over Payment payments made by 1st
Source Bank on account of the Carve-Out, 1st Source Bank will have
a first priority lien on all unencumbered assets and a
super-priority administrative expense claim, superior to all other
administrative claims up to the amount of the unreimbursed Over
Payment.

The Debtor is authorized and empowered to take such steps, incur
and pay such costs and expenses, and do such things as may be
reasonably necessary to fulfill the requirements established by the
Order.

Notwithstanding Bankruptcy Rule 6004(h), the Order will not be
stayed for 10 days after the entry hereof and will be effective and
enforceable immediately upon its entry.

A copy of the Bidding Procedures is available at
https://tinyurl.com/ycb2k4hu from PacerMonitor.com free of charge.

              About New York Helicopter Charter

New York Helicopter Charter Inc., a provider of helicopter tours
and charters, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 19-13238) on Oct. 11, 2019.  At the
time of the filing, the Debtor was estimated have assets of between
$1 million and $10 million and liabilities of the same range.

The case is assigned to Judge Sean H. Lane.

The Debtor tapped White & Wolnerman, PLLC as its legal counsel;
Bauman Law Group P.C. as litigation counsel; Pulvers Pulvers &
Thompson, LLP, as special counsel; and Nussbaum Yates Berg Klein &
Wolpow, LLP, as its accountant.



NORTHERN OIL: Moody's Alters Outlook on B3 CFR to Stable
--------------------------------------------------------
Moody's Investors Service changed Northern Oil and Gas, Inc.'s
rating outlook to stable from positive. Concurrently, Moody's
affirmed NOG's B3 Corporate Family Rating, B3-PD Probability of
Default Rating and Caa1 second lien secured notes rating. NOG's
Speculative Grade Liquidity rating remains SGL-3.

"The stable outlook reflects Northern Oil & Gas' reduced debt
balances and its commodity hedges that should help endure low oil
prices following the coronavirus outbreak and deteriorating global
economic outlook," said Amol Joshi, Moody's Vice President and
Senior Credit Officer. "Capital spending flexibility and spending
restraint should provide free cash flow in 2020-21, supporting its
liquidity."

Affirmations:

Issuer: Northern Oil and Gas, Inc.

Probability of Default Rating, Affirmed B3-PD

Corporate Family Rating, Affirmed B3

Senior Secured 2nd Lien Notes, Affirmed Caa1 (LGD5) from (LGD4)

Outlook Actions:

Issuer: Northern Oil and Gas, Inc.

Outlook, Changed To Stable From Positive

RATINGS RATIONALE

NOG's commodity hedges and significantly lower capital spending
than 2019 should help protect its 2020 credit metrics in a low oil
price environment following the coronavirus outbreak and
deteriorating global economic outlook. The stable outlook reflects
this as well as the company's ability to generate free cash flow
and its resilience if the oil price downturn extends into 2021.

The rapid spread of the coronavirus outbreak, deteriorating global
economic outlook, low oil prices, and high asset price volatility
have created an unprecedented credit shock across a range of
sectors and regions. Moody's regards the coronavirus outbreak as a
social risk under its ESG framework, given the substantial
implications for public health and safety. Its action reflects the
impact on NOG of the deterioration in credit quality it has
triggered, given its exposure to a period of low oil prices and
lower production volumes, which has left it vulnerable to shifts in
market demand and sentiment in these unprecedented operating
conditions.

NOG's B3 CFR is supported by the company's moderate leverage and
high oil-weighted production mix benefitting its unleveraged cash
margins and cash flow. Significant reinvestment of capital and
acquisition of producing assets in the Williston Basin has allowed
NOG to deliver growth in production volumes that have more than
doubled from 2017 levels, although 2020 production is expected to
fall materially because of production shut-ins and lower drilling
of new wells. The company also hedges a meaningful portion of its
oil production about two years into the future, which should reduce
volatility in its revenue and cash flow. Moody's expects NOG's
retained cash flow to debt ratio to remain robust relative to its
rated peers into 2021, and the company should generate positive
free cash flow in 2020, which may be used to modestly reduce high
borrowings under the revolver. NOG's credit profile is challenged
by its relatively modest scale and high geographic concentration in
a single basin. While the company manages a well-diversified
portfolio of non-operated working interests in numerous producing
assets, it relies on the operating performance of its partners. NOG
growth strategy is focused on participating in operator-initiated
wells and executing bolt-on acquisitions, requiring a high degree
of financial flexibility. Its sizeable 2019 acquisition had
constrained the company's financial flexibility, but issuing
preferred shares and reducing its debt balances has supported NOG's
flexibility. Free cash flow generation should support liquidity in
the near-term, despite NOG's borrowing base being cut to $660
million in July from $800 million previously.

The company's debt is comprised of borrowings under its first lien
secured revolving credit facility, about $297 million of second
lien notes pro forma for modest debt for common equity exchanges
completed in the second quarter, and a $130 million senior
unsecured promissory note (unrated). NOG's second lien secured
notes are rated Caa1, one notch below the company's B3 CFR because
of the priority claim of the first lien revolver on its assets.
Moody's views the Caa1 rating for the second lien notes as more
appropriate than the rating suggested by Moody's Loss Given Default
for Speculative-Grade Companies Methodology because of sound asset
coverage and modest expected decline in debt balances.

The SGL-3 Speculative Grade Liquidity Rating reflects adequate
liquidity supported by NOG's ability to generate positive free cash
flow in 2020. At March 31, NOG had $8.5 million of cash and $590
million of revolver borrowings, while revolver borrowings were
reduced to $568 million at June 30. The company's revolver
borrowing base was cut to $660 million in July, significantly
reducing availability under the revolver. NOG's secured revolver is
due in November 2024, but would mature 91 days prior to the
scheduled maturity date of the earlier of the second lien notes or
the unsecured promissory note, if such notes remain outstanding at
that time. The revolver's financial covenants include a maximum net
debt to EBITDAX ratio of 3.5x (with cash netting limited to $50
million), and a minimum current ratio of 1x. NOG was in compliance
with its financial covenants as of March 31. The current ratio
calculation allows certain adjustments and the inclusion of unused
amounts of the total bank commitments. The company's next debt
maturity is on January 1, 2021 when $65 million of the senior
unsecured promissory note is due which can be repaid through
available liquidity. Substantially all of the company's assets are
pledged as security under the credit facility, which limits the
extent to which asset sales can provide a source of additional
liquidity.

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

The ratings could be downgraded if production volumes materially
decline, RCF/debt falls below 20% or liquidity deteriorates. The
ratings could be upgraded if NOG continues grows its production to
approach 50 thousand barrels of oil equivalent per day in an
improving commodity price environment, its RCF/debt is sustained
over 30% and the company's liquidity is adequate or better.

Northern Oil and Gas, Inc., headquartered in Minnetonka, Minnesota,
owns non-operated working interests in oil and gas wells and
acreage primarily in the Bakken and Three Forks formations within
the Williston Basin in North Dakota and Montana.

The principal methodology used in these ratings was Independent
Exploration and Production Industry published in May 2017.


NPC INTERNATIONAL: Morgan, et al. Update on Class Claimants
-----------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firms of Morgan & Morgan PA, Stevens & Lee, P.C. and Keller
Lenkner LLC submitted an amended verified statement to disclose an
updated list of Class Claimants in the Chapter 11 cases of NPC
International Inc., et al.

KL and its Co-Counsel represent the following persons in their
respective individual and putative capacities as proposed
representatives of classes of under-reimbursed delivery drivers in
suits brought against Debtor-Defendant NPC International, Inc. and
other affiliated and non-affiliated defendants, as set forth below
in their class action against NPC captioned Marshall et al. v. NPC
International Inc., No. 3:17-cv-00312-NJR-RJD:

     Kristin Marshall, Romie Campbell, David Short, Jason Huyett,
     Amanda Lima, Anthony Hanna, Jack Carroll, Derrick Sapp, James
     Platt, Chancellor Myers, Blake Bolin, David Vega, Michelle
     Enyeart, Sentell Hill, Eric Brown, Susan Overturf, Steven
     Fultz, and Terry Struhall.

None of these plaintiffs has any "disclosable economic interest"
other than as disclosed in the preceding paragraphs.

KL represents over 1,300 additional individual under-reimbursed
drivers in actions pending against NPC. These individuals are
identified in the attached Exhibit A.

Blake Bolin
4911 S Peoria Ave
Tulsa, OK

Eric Brown
2404 W Main St
Battle Ground, WA

Romie Campbell
1907 W Parker Rd
Jonesboro, AR

Jack Carroll
521 N Main St
Nicholasville, KY

Shawn David
7121 S Memorial Dr
Tulsa, OK

Michelle Enyeart
2501 W 12th St
Sioux Falls, SD

Steven Fultz
2701 Murfreesboro Pike
Antioch, TN

Anthony Hanna
620 Lincoln Way
Ames, IA

Sentell Hill
5100 Williamsburg Rd
Richmond, VA

Jason Huyett
8776 Thomas Dr
Panama City Beach, FL

Co-counsel Morgan & Morgan PA represent individual plaintiffs in
various personal injury, workers compensation, and other
non-employment cases against the Debtors. These individuals are
identified in the attached Exhibit B. Other than as disclosed
herein, Co- Counsel are not currently aware of any other
representation or claim to represent any other entity with respect
to the Debtors' cases, and do not hold any claim against or
interest in the Debtors or their estates.

Counsel for Kristin Marshall, et al. can be reached at:

          Paul Botros, Esq.
          Morgan & Morgan PA
          16255 Park Ten Place, Suite 500
          Houston, TX 77084
          Tel: (346) 214-4324
          Email: pbotros@forthepeople.com

          8151 Peters Road
          Suite 4000
          Plantation, FL 33324
          Tel: (954) 318-0268
          Fax: (954) 327-3017

          Nicholas F. Kajon, Esq.
          Constantine Pourakis, Esq.
          STEVENS & LEE, P.C.
          485 Madison Avenue, 20th Floor
          New York, NY 10022
          Tel: (212) 319-8500
          Fax: (212) 319-8505
          Email: nfk@stevenslee.com
                 cp@stevenslee.com

             - and -

          Seth Meyer, Esq.
          KELLER LENKNER LLC
          150 North Riverside Plaza, Suite 4270
          Chicago, IL 60606
          Tel: (312) 741-5220
          Email: sam@kellerlenkner.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/TIDZ5G

                    About NPC International

NPC International, Inc. -- https://www.npcinternational.com/ -- is
a franchisee company with over 1,600 franchised restaurants across
two iconic brands -- Wendy's and Pizza Hut -- spanning 30 states
and the District of Columbia.

NPC International and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No.
20-33353) on July 1, 2020.  At the time of the filing, Debtors
disclosed assets of between $1 billion and $10 billion and
liabilities of the same range.  

Judge David R. Jones oversees the cases.

The Debtors tapped Weil, Gotshal & Manges, LLP, as bankruptcy
counsel; Alixpartners, LLP as financial advisor; Greenhill & Co.,
LLC as investment banker; and Epiq Corporate Restructuring, LLC as
claims, noticing and solicitation agent and administrative advisor.


OAK VALLEY HOSPITAL: S&P Alters Outlook to Stable
-------------------------------------------------
S&P Global Ratings revised its outlook to stable from negative and
affirmed its 'BB' long-term rating on Oak Valley Hospital District
(OVHD), Calif.'s series 2010A and, 2010B hospital revenue bonds. At
the same time, S&P assigned its 'BB' long term rating to OVHD's
series 2020A revenue bonds.

"The outlook revision reflects our view of OVHD's stable financial
performance and balance-sheet metrics despite pressure due to
COVID-19 and the related recession," said S&P Global Ratings credit
analyst Blake Fundingsland. S&P said, "On April 21, 2020, we
revised the rating outlook on OVHD's debt to negative as part of a
larger rating action on speculative-grade ratings in response to
additional pressures from the COVID-19 pandemic. However, following
a review of updated financial statements and discussions with
management, we believe OVHD's strategic plans and expanding service
lines will hold the rating firm in the outlook period."

Incorporated into the rating is OVHD's elevated social risk
compared with that of peers, given the district's operations are
situated in a very limited service area. S&P also notes there is a
significant amount of outmigration for services to the San
Francisco area and nearby Modesto, though generally for services
not provided at OVHD. Over the years, the district's revenues have
become more reliant on governmental programs, disproportionate
share hospital, and supplemental funds, resulting in what S&P views
as a weak payer mix and increased social risk that is above that of
peers. Compounding this elevated risk, the hospital has been
exposed to additional financial and operating risk from COVID-19;
however, S&P believes management has taken proactive steps to
mitigate the risk and operations have stabilized through May 31,
2020 with volumes returning to normal levels through June. S&P also
views the region to have elevated environmental risk due to
susceptibility to various natural disasters such as fires and
earthquakes. It views governance risk to be in line with that of
peers.

The stable outlook reflects S&P's view of OVHD's consistently
positive financial performance and debt service coverage, as well
as sufficient liquidity, which the rating agency expects will
continue.

S&P could consider a negative outlook or rating action if OVHD's
financial performance deteriorates such that operating margins are
negative or MADS coverage deteriorates materially for a sustained
period. The hospital's cash position is also a key credit strength
at the current rating, and any weakening of the balance sheet
during the outlook period could lead S&P to lower the rating.

Although OVHD has taken proactive steps to address COVID-19, and
volumes are starting to rebound to historical levels, S&P could
consider a negative rating or outlook action if the financial and
economic repercussions from the pandemic are too significant to
absorb at the current rating level.

S&P could revise the outlook to positive over time if the strategic
plans and partnerships continue to meaningfully improve the
hospital's business position, specifically in terms of volumes and
market share. Substantial growth in the balance sheet, coupled with
continued positive operations, could also lead the rating agency to
consider a positive outlook.


PARKINSON SEED: Plan Admin Proposes Auction of Home Place
---------------------------------------------------------
Matthew R. McKinlay of CFO Solutions, LLC, doing business as
Advanced CFO, the duly appointed Plan Administrator of the Chapter
11 Trustee of Parkinson Seed Farm, Inc., asks the U.S. Bankruptcy
Court for District of Idaho to authorize the auction sale of the
real property and improvements located at or near St. Anthony,
Idaho, consisting of approximately 3,845 acres, more or less, in
two tracts of irrigated farm ground, together with any buildings,
fixtures, irrigation systems, and water rights appurtenant
thereto.

Among other things, the Plan authorizes and directs the Plan
Administrator to liquidate and sell certain estate assets,
including the Home Place.

The Plan Administrator has retained United Country Commercial
Auction Services for the purpose of selling the Home Place at an
auction to be held on August 25, 2020, or such other date as may be
mutually agreed.  As part of the sale, United Country will be paid
a commission of 4% of the gross auction proceeds at closing.
Pursuant to the retention terms, the Auctioneer retains the
flexibility to seek a stalking horse bidder for the Home Place and
seek possible qualifying overbids.

Pursuant to the terms of the confirmed Plan, the Plan Administrator
is authorized to sell the Home Place at auction subject to notice
and the Court's approval on an "as-is, where-is" basis, free and
clear of all liens, claims, and interests.

The Plan Administrator requests that the sale order provide that
any and all liens against the Home Place attach to the proceeds of
the sale in the same order and with the same priority as such liens
had with respect to the assets to be sold immediately before the
sale, with net proceeds to be paid to secured creditors holding
valid and perfected liens against the assets to be sold as provided
by the Plan.

In its schedules, the Debtor values the Home Place at $25.27
million.  The Home Place was previously marketed for sale through
Henri LeMoyne of LeMoyne Realty & Appraisals, with a list price of
$22.5 million.  Three offers to purchase were received but were not
accepted. The Plan Administrator is advised that the highest offer
received for the Home Place was $18 million.  The Plan
Administrator estimates that the Home Place has a fair market value
of between $20 million and $23 million based on his discussions
with realtors, available valuation information, the expected level
of cooperation with Dirk Parkinson and his family who currently
occupies the residences on the property, and current market
conditions.

Compeer Financial ACA is the holder of valid and perfected first
liens against certain assets of the estate including the Home
Place, which liens secure payment of the Compeer Loans in the
original principal amounts of $11.8 million.

SummitBridge National Investment VI, LLC is the holder of valid and
perfected liens against certain assets of the estate, including the
Home Place.  The liens in favor of SummitBridge secure its Allowed
Secured Claim in the amount of $20,473,739 as of the Effective
Date, plus accruing interest, costs, and attorneys' fees.

In the Plan Administrator's business judgment, the sale of the Home
Place at auction at this time is in the best interest of the estate
and creditors.  He believes that any further delay in selling the
Home Place will have a detrimental effect upon the estate and will
further delay the administration of the estate.

The Plan provides that after payment of all applicable taxes and
ordinary and reasonable costs of sale, at the closing of the sale
of the Home Place, the Home Place Net Sale Proceeds will be paid
first to Compeer in satisfaction of its Allowed Class 3 Secured
Claim.  The Plan further provides that in the event the Home Place
Net Sale Proceeds exceed any amounts remaining due and owing on
account of the Allowed Class 3 Secured Claim of Compeer, the
surplus will then be paid to SummmitBridge in satisfaction of its
Allowed Class 2 Secured Claim.  In the event the Home Place Net
Sale Proceeds exceed the remaining balance on the Allowed Class 2
and Class 3 Secured Claims of SummitBridge and Compeer, the
remaining surplus Home Place Net Sale Proceeds will be paid to
Holders of Allowed Class 9 General Unsecured Claims.

Certain personal property assets located on or associated with the
Home Place may or will be included in the auction sale of the Home
Place.  Those assets include irrigation pipe, pumps, and pivots
located on the Home Place as well as certain other assets including
scales, bins, fuel tanks, and certain manufactured homes located on
the Home Place.  Exhibit A is the lists of such assets.

The Court will conduct a telephone hearing on July 20, 2020, at
1:30 pm. (MT).  The objection deadline is July 1, 2020.

A copy of the Exhibit A is available at
https://tinyurl.com/y8juzlyv from PacerMonitor.com free of charge.

                  About Parkinson Seed Farm

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

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

Judge Joseph M. Meier presides over the case.  Parkinson Seed Farm
hired Robinson & Associates as its legal counsel.

On Oct. 19, 2019, the Court appointed Henri LeMoyne of LeMoyne
Realty & Appraisals as Realtor.

On March 3, 2020, the Court confirmed SummitBridge National
Investments VI LLC's Amended Chapter 11 Plan of Liquidation Dated
Dec. 11, 2019.  The Plan appointed Matt McKinlay of CFO Solutions
LLC as Plan Administrator.


PAVMED INC: Needs Additional Funding to Remain as a Going Concern
-----------------------------------------------------------------
PAVmed Inc. filed its quarterly report on Form 10-Q, disclosing a
net loss (attributable to the Company) of $14,475,000 on $0 of
revenue for the three months ended March 31, 2020, compared to a
net loss (attributable to the Company) of $3,535,000 on $0 of
revenue for the same period in 2019.

At March 31, 2020, the Company had total assets of $10,114,000,
total liabilities of $26,343,000, and $16,229,000 in total
stockholders' deficit.

The Company said, "We depend upon our ability, and will continue to
attempt, to secure equity and/or debt financing.  We cannot be
certain that additional funding will be available on acceptable
terms, or at all.  Our management determined that there was
substantial doubt about our ability to continue as a going concern
within one year after the unaudited condensed consolidated
financial statements were issued, and management's concerns about
our ability to continue as a going concern within the year
following this report persist."

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

                       https://is.gd/yQgSxb

PAVmed Inc. operates as a medical device company in the United
States.  The company's lead product pipeline includes CarpX, a
percutaneous device to treat carpal tunnel syndrome; PortIO, an
implantable intraosseous vascular access device; and DisappEAR, an
antimicrobial resorbable ear tube.  The company was formerly known
as PAXmed Inc. and changed its name to PAVmed Inc. in April 2015.
PAVmed Inc. was founded in 2014 and is based in New York, New
York.



PERMIAN HOLDCO 1: Aug. 3 Hearing on Bid Procedures for All Assets
-----------------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware will convene a hearing on Aug. 3, 2020 at 2:00 p.m.
(ET) to consider the bidding procedures proposed by Permian Holdco
1, Inc. and affiliates in connection with the sale of all or
substantially all of their assets to New Permian Holdco, Inc.,
subject to overbid.

The Purchase Price offered by New Permian will consists of (i) the
release of Seller and any guarantors (and their respective
successors and assigns) under the Existing Credit Agreement and the
DIP Credit Agreement of any and all Liabilities arising under, or
otherwise relating to the Existing Credit Agreement in an amount
equal to $25 million and the DIP Credit Agreement in an amount
equal to $5 million; (ii) the payment or other satisfaction of all
Cure Costs; (iii) the assumption of the Assumed Liabilities; and
(i) the payment or satisfaction at the Closing by the Buyer of all
Cure Costs and assumption of the Assumed Liabilities.

The sale will be free and clear of all Encumbrances and Claims.

The Objection Deadline is Aug. 3, 2020 at 12:00 p.m. (ET).

The Debtors will serve a copy of the Order on the Notice Parties as
soon as practicable after its entry.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Sept. 9, 2020 at 5:00 p.m. (ET)

     b. Initial Bid: Must be equal or exceed the sum of the amount
of (A) the Purchase Price, and (B) $500,000.

     c. Deposit: 10% of the purchase price

     d. Auction: The Auction will be held on Sept. 14, 2020 at
10:00 a.m. (ET) at the offices of Young Conaway Stargatt & Taylor,
LLP, 1000 North King Street, Wilmington, DE 19801 or virtually via
telephone and/or video conference pursuant to information to be
timely provided by the Debtors to the Auction Participants.

     e. Bid Increments: $500,000

     f. Sale Hearing: Sept. 22, 2020

     g. Sale Objection Deadline: Sept. 21, 2020 at Noon (ET)

     h. Closing: Oct. 6, 2020

A copy of the Agreement and the Bidding Procedures is available at
https://tinyurl.com/y27d8gyy from PacerMonitor.com free of charge.

                    About Permian Holdco

Permian Holdco 1, Inc. and its affiliates are manufacturers of
above-ground storage tanks and processing equipment for the oil
and
natural gas exploration and production industry.

Permian Holdco 1, Inc. and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del., Case No.
20-11822) on July 19, 2020.  The petitions were signed by Chris
Maier, chief restructuring officer.  Hon. Mary F. Walrath presides
over the cases.

The Debtors have estimated assets of $0 to $50,000,000 and
estimated liabilities of $0 to $50,000,000.

M. Blake Cleary, Esq., Robert F. Poppiti, Jr., Esq., Joseph M.
Mulvihill, Esq., and Jordan E. Sazant, Esq. of Young Conaway
Stargatt & Taylor, LLP serve as counsel to the Debtors.  Seaport
Gordian Energy LLC serves as investment banker to the Debtors and
Epiq Corporate Restructuring LLC acts as notice and claims agent.



PHILADELPHIA ENERGY: Hilco Purchase of Refinery at $27.5M Less
--------------------------------------------------------------
Hilco Redevelopment Partners (HRP) -- the real estate development
unit of Hilco Global that remediates and redevelops complex and
obsolete industrial property -- announced June 26, 2020, that it
completed a transaction to purchase the 1300-acre former
Philadelphia Energy Solutions (PES) refinery in Southwest
Philadelphia. The deal is a giant step toward building an
environmentally responsible and economically robust commercial hub
in Southwest Philadelphia.

"I want to thank Hilco Redevelopment Partners for their commitment
to Philadelphia by assuming ownership of one of the most important
commercial sites in the city," said Philadelphia Mayor Jim Kenney.
"The action creates jobs, ensures the future commercial viability
of the site, and decreases the former refinery’s environmental
impact."

For more than 150 years, the PES refinery stood as a symbol of the
Industrial Revolution and helped to grow Philadelphia, with all the
attendant environmental concerns that were byproducts of that era.
Under new ownership led by HRP, a fresh vision for the industrial
site will be realized, resulting in one of the largest and most
strategically significant multi-modal logistics hubs in the country
that leverages the site's unparalleled infrastructure and
location.

"Our plan is to transform the site into a commercial hub to be
shared by dozens of world-class companies that will benefit from
Philadelphia's diverse workforce and strategic location with an
environmentally responsible infrastructure that will be great for
all Philadelphians,” said Roberto Perez, Chief Executive Officer
– Hilco Redevelopment Partners. "We are looking forward to
collaborating with city, state and neighborhood leaders and
community groups, working side by side as your new partner and
member of the community to create this extraordinary center for
commerce and economic development."

As an employment engine, the project's 1300 acres--the total size
of Philadelphia’s Central Business District--offers incredible
job growth potential. During the remediation and redevelopment
phase, the project will generate many job opportunities and rely
heavily on local unions and local trades. Ultimately, the companies
that will locate at this new development will create thousands of
new permanent jobs, according to initial studies.

"This is an exciting project that will serve as an economic hub in
the region with the potential to create thousands of new jobs,"
said Councilman Kenyatta Johnson. "I expect that Hilco
Redevelopment Partners will pursue an environmentally sustainable,
economically vibrant vision for the property that protects the
health and safety of nearby residents and people who will work on
the site.  Hilco officials have assured me they will have a serious
commitment to diversity and inclusion for the facility plus will
make sure that as many local residents as possible get these new
jobs. I look forward to working with community stakeholders for a
bright new future for the property."

HRP is planning a long-term redevelopment of this important piece
of Philadelphia history just as it has done in cities across
America. In 2012, HRP was the original architect of a vision to
redevelop the bankrupt 3300-acre former Bethlehem Steel Mill site
in Baltimore, Maryland that had closed after 125 years of
operation. Together, with our JV Partner Redwood Capital, we have
developed and built Tradepoint Atlantic, a state-of-the-art
tri-modal logistics complex that has generated more than 8,500 new
jobs to date and is expected to account for as much as 1% of
Maryland’s GDP by 2025. HRP is reimagining and redeveloping other
significant real estate projects in Boston, Chicago, New Orleans,
Northern New Jersey, and more.

Hilco Global Founder and Chief Executive Officer Jeffrey Hecktman
said, "This is an extraordinary project for our firm. The site is
located within a six-hour drive of one-third of the American
population, and when completed it will serve as an important asset
for the movement of commerce in the region and around the country.
We’re excited to begin the redevelopment process and work as a
partner and good neighbor to the citizens of Philadelphia."

                          *     *     *

Laila Kearney, writing for Reuters, reports that the Philadelphia
Energy Solutions oil refinery site to real estate developer Hilco
was sold for $27.5 million less than planned.

Hilco Redevelopment Partners won an auction in January to buy the
1,300-acre (526-hectare) south Philadelphia refinery with plans to
transform it into a mixed-use industrial park.  It agreed to pay
$252 million for the site.

The Chicago-based developers, citing economic uncertainty caused by
the coronavirus pandemic and higher-than-expected environmental
costs tied to cleaning up PES land, asked to amend the agreement
and delay the sale earlier this month, the filing said.

PES agreed to lower the price contingent partly on Hilco finalizing
the deal by June 26.  

The refiner shut its 335,000 barrel-per-day refinery, the largest
and oldest on the East Coast, and filed for Chapter 11 bankruptcy
last summer after a fire at one of its fuel processing units badly
damaged the plant and leaked toxic chemicals into the air.

More than 1,000 workers were laid off, including 640 United
Steelworkers members. Executives of the company, which had just
emerged from a separate bankruptcy at the time of the June 21
blaze, have received millions of dollars in bonuses since the
shutdown.

Union workers, who were let go without access to extended health
benefits typically given to laid-off employees, will receive
several thousand dollars apiece in transition pay after the sale is
finalized, according to the original agreement.

                About Philadelphia Energy Solutions

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

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

PES Holdings, LLC, and seven subsidiaries, including PES Energy,
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
19-11626) on July 21, 2019.

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

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

The Company's proposed DIP financing lenders are represented by
Davis Polk & Wardwell LLP and Houlihan Lokey Capital, Inc.


PIER 1 IMPORTS: UST Says Court Should Reject Plan Disclosures
-------------------------------------------------------------
Law360 reports that the U.S. Trustee's Office asked a Virginia
bankruptcy judge to reject Pier 1 Imports' proposed Chapter 11 plan
disclosures, saying that among other problems it assumes consent by
nonvoters and would automatically dismiss the case if the plan
failed to win approval.  

Acting U. S. Trustee John Fitzgerald III argued in the motion that
the plan should be rejected because it fails to identify the estate
asset administrators and cuts the objection deadline short on top
of assuming abstaining voters are consenting to the plan and
reduced recoveries and doubling as a dismissal motion if
confirmation fails.

                   About Pier 1 Imports Inc.

Founded with a single store in 1962, Pier 1 Imports, Inc. --
http://www.pier1.com/-- is a leading omni-channel retailer of
unique home decor and accessories. Its products are available
through approximately 930 Pier 1 stores in the U.S. and online at
pier1.com.

Pier 1 Imports and seven affiliates sought Chapter 11 protection
(Bankr. E.D. Va. Lead Case No. 20-30805) on Feb. 17, 2020, to
pursue a sale of the assets.

Pier 1 Imports disclosed $426.6 million in assets and $258.3
million in debt as of Jan. 2, 2020.

Judge Kevin R. Huennekens oversees the cases.

A&G Realty Partners is assisting Pier 1 Imports with its previously
announced store closures and lease modifications. Pier 1 Imports
landlords are encouraged to contact A&G Realty Partners through its
website, http://www.agrep.com/   

Kirkland & Ellis LLP and Osler, Hoskin & Harcourt LLP serve as
legal advisors to Pier 1 Imports and its affiliated debtors in the
U.S. and Canada, respectively. The Debtors tapped AlixPartners LLP
as restructuring advisor; Guggenheim Securities, LLC as investment
banker; and Epiq Bankruptcy Solutions as claims agent.


PITBULL REALTY: Unsecured Creditors to Recover 2% Over 4 Years
--------------------------------------------------------------
Debtor Pitbull Realty Group, Inc., filed the Amended Disclosure
Statement describing its First Amended Plan of Reorganization.

The Plan proposed by the Debtor and the Plan Funder (an insider of
the Debtor) is a liquidating plan that will result in the sale the
remainder of the property of the estate to Sargent Senior who is an
insider.  To fund the Plan, Sargent Senior, who is an insider, is
the Plan Funder will fund the implementation of the Plan by
honoring his Funding Commitment, which will exceed approximates
$1,560,000.

Holders of Class 8 General Unsecured Claims, excluding CNH
Industrial Capital America LLC, Flare Investments, LLC, NOME
Ventures, LLC and Primary Bank, will be paid 2% of their allowed
claims, in 4 annual installments.  The class will be paid by the
Plan Funder or nominee by virtue of the cash portion of the Funding
Commitment and Funding Contribution.

A full-text copy of the Amended Disclosure Statement dated June 18,
2020, is available at https://tinyurl.com/yce9m63u from
PacerMonitor.com at no charge.

The Debtor is represented by:

      VICTOR W. DAHAR, P.A.
      Eleanor Wm. Dahar
      20 Merrimack Street
      Manchester, NH 03101
      Tel: (603) 622-6595

                   About Pitbull Realty Group

Pitbull Realty Group, Inc. is a limited liability company engaged
in single asset real estate, with principal place of business at
373 South Willow Street, Manchester, New Hampshire. Pitbull Realty
Group Inc. sought Chapter 11 protection (Bankr. D.N.H. Case
No.19-10923) on June 28, 2019. The Debtor was estimated to have
less than $1 million in assets and/or liabilities. WILLIAM S.
GANNON PLLC is the Debtor's counsel. The Debtor hired Victor W.
Dahar, P.A., as attorney.


PRECIPIO INC: Q2-2020 Pathology Services Revenue Increased 50%
--------------------------------------------------------------
Precipio, Inc., said its preliminary unaudited revenues for its
pathology services increased from $0.8M in Q1'20, to an estimated
(unaudited) $1.3M in Q2'20, an increase of approximately 50%
quarter-over-quarter.  Final numbers are subject to the completion
of the company's quarterly review and will be released in the
company's upcoming 10-Q filing.

A detailed analysis on the metrics driving growth in pathology
services will be shared following the release of the company's
second quarter financials.  Early indications point to sustained
volume increases from the company's existing customer base, coupled
with our successful March transition of all the Oncometrix
accounts.  For reference, in May 2020 Precipio reported a 27%
increase in pathology services in Q1'20 over Q4'19.

In addition to the Company's growth of pathology revenues, the
Company is very encouraged by the reception of its HemeScreen
Reagent Rental offering by office-based oncology practices.  As
announced in May 2020, the Company launched the HSRR program to
create a new revenue opportunity for oncology practices to run
molecular tests of various hematologic malignancies in their office
laboratory.

As first reported in 2019, HemeScreen is a proprietary technology
developed by Precipio that substantially reduces the costs for
running molecular tests for hematologic malignancies.  The first
assay for MPN malignancies tests for JAK2, MPL and CALR genes.  In
addition to the significant cost reduction, HemeScreen also lowers
the volume threshold enabling the office-based oncologist
laboratory to generate results in a 2-day turn-around on most cases
vs the current 14-28 day turn-around time for most labs.

With HSRR, Precipio has harnessed the intrinsic values of its
proprietary HemeScreen technology (reduced costs and diagnostic
speed) creating a compelling economic model for oncologist
practices.  As the states are gradually opening up for business, we
are very pleased by the enthusiastic reception of HSRR.

"While many companies and businesses have been ravaged by the
COVID-19 pandemic, we are grateful for our customers who continue
to place their trust in our services," said Ilan Danieli,
Precipio's CEO.  "The ability to grow our business during what is
likely the greatest economic downturn in world history, is a
testament to the value of what we do, and the resilience of our
business."

                        About Precipio

Omaha, Nebraska-based Precipio, formerly known as Transgenomic,
Inc. -- http://www.precipiodx.com-- is a cancer diagnostics
company providing diagnostic products and services to the oncology
market.  The Company has developed a platform designed to eradicate
misdiagnoses by harnessing the intellect, expertise and technology
developed within academic institutions and delivering quality
diagnostic information to physicians and their patients worldwide.
Precipio operates a cancer diagnostic laboratory located in New
Haven, Connecticut and has partnered with the Yale School of
Medicine.  

Precipio, Inc., reported a net loss of $13.24 million for the year
ended Dec. 31, 2019, compared to a net loss of $15.69 million for
the year ended Dec. 31, 2018.  As of March 31, 2020, the Company
had $18.99 million in total assets, $7.71 million in total
liabilities, and $11.28 million in total stockholders' equity.

Marcum LLP, in Hartford, CT, the Company's auditor since 2016,
issued a "going concern" qualification in its report dated
March 27, 2020 citing that the Company has a significant working
capital deficiency, has incurred significant losses and needs to
raise additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


PURDUE PHARMA: McGrail & Bensinger Updates on Hospitals Group
-------------------------------------------------------------
In the Chapter 11 cases of Purdue Pharma L.P., et al., the law firm
of McGrail & Bensinger LLP submitted an amended verified statement
under Rule 2019 of the Federal Rules of Bankruptcy Procedure, to
disclose an updated list of Ad Hoc Group of Hospitals that it is
representing.

On or about November 26, 2019, the Ad Hoc Group of Hospitals was
formed. On or about April 23, 2020, the Ad Hoc Group of Hospitals
retained McGrail & Bensinger LLP as substitute counsel in the
Debtors' chapter 11 cases.

On December 3, 2019, the Ad Hoc Group of Hospitals filed its
original verified statement pursuant to Fed. R. Bankr. P. 2019
[Docket No. 577]. Since the filing of the Original Verified
Statement, additional hospitals across the United States that have
treated and treat patients for conditions related to the use of
opiates manufactured by some or all of the Debtors have joined the
Ad Hoc Group of Hospitals. We file this amended statement to add
these additional hospitals. Additionally, we also amend the
statement to identify the business entities that operate the
hospitals, rather than the trade names of the hospitals.

As of July 10, 2020, members of the Ad Hoc Group of Hospitals and
their disclosable economic interests are:

Acquisition Bell Hospital, LLC
901 Lakeshore Drive
Ishpeming, MI 49849

* Hospital: UP Health System – Bell
* Hospital Group: LifePoint Health
* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

Advanced Care Hospital of White County
1200 South Main, Street
Searcy, AR 72143

* Hospital: Advanced Care Hospital of White County
* Hospital Group: Unity Health
* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

Affinity Hospital, LLC
3690 Grandview Pky
Birmingham, AL 35243

* Hospital: Grandview Medical Center
* Hospital Group: Community Health Systems, Inc.
* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

AHS Claremore Regional Hospital, LLC
1202 N. Muskogee Place
Claremore, OK 74017

* Hospital: Hillcrest Hospital Claremore
* Hospital Group: Ardent Health Services
* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

AHS Cushing Hospital, LLC
1027 E. Cherry St.
Cushing, OK 74023

* Hospital: Hillcrest Hospital Cushing
* Hospital Group: Ardent Health Services
* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

AHS Henryetta Hospital, LLC
2401 West Main Street
Henryetta, OK 74437

* Hospital: Hillcrest Hospital Henryetta
* Hosital Group: Ardent Health Services
* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

AHS Hillcrest Medical Center, LLC
1120 South Utica Avenue
Tulsa, OK 74104

* Hospital: Hillcrest Medical Center
* Hospital Group: Ardent Health Services
* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

AHS Pryor Hospital, LLC
111 N. Bailey
Pryor, OK 74361

* Hospital: Hillcrest Hospital Pryor
* Hospital Group: Ardent Health Services
* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

AHS Southcrest Hospital, LLC
8801 S. 101st E. Ave.
Tulsa, OK 74133

* Hospital: Hillcrest Hospital South
* Hospital Group: Ardent Health Services
* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

Aiken Regional Medical Centers, LLC
302 University Parkway
Aiken, SC 29801

* Hospital: Aiken Regional Medical Centers
* Hospital Group: UHS of Delaware, Inc.
* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

Counsel to the Ad Hoc Group of Hospitals can be reached at:

          MCGRAIL & BENSINGER LLP
          Ilana Volkov, Esq.
          888-C 8th Avenue #107
          New York, NY 10019
          Telephone: (201) 931-6910
          Email: ivolkov@mcgrailbensinger.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/GBaJ2y

                    About Purdue Pharma

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.  

The 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 Debtors'
bankruptcy cases.

David M. Klauder, Esq., was appointed as fee examiner.  The fee
examiner is represented by Bielli & Klauder, LLC.


PYXUS INTERTIONAL: Common Stock Delisted from NYSE Trading
----------------------------------------------------------
Pyxus International, Inc. (NYSE: PYX; OTC Pink: PYXSQ), a global
value-added agricultural company, today announced that it has
received notification from the New York Stock Exchange (the "NYSE")
that the Company's common stock has been suspended from trading on
the NYSE and that the NYSE has determined to commence proceedings
to delist the Company's common stock. The NYSE determined that the
Company was no longer suitable for listing under Section 802.01D of
the NYSE Listed Company Manual after the Company's June 15, 2020
disclosure that it and certain of its domestic wholly owned
subsidiaries filed voluntary petitions for relief under Chapter 11
of the United States Bankruptcy Code (the "Chapter 11 Cases") in
the U.S. Bankruptcy Court for the District of Delaware (the
"Bankruptcy Court"). The Company does not intend to appeal the
NYSE's determination and, therefore, it is expected that its common
stock will be delisted by the NYSE.

The Company's common stock began to be quoted on the OTC Pink
marketplace on June 17, 2020 under the symbol "PYXSQ". Investors
can find quotes for the Company's common stock on
www.otcmarkets.com. The Company does not expect a transition to the
OTC Pink marketplace to affect the Company's operations. The
Company can provide no assurance that its common stock will
continue to trade on this market, whether broker-dealers will
continue to provide public quotes of the Company's common stock on
this market, whether the trading volume of the Company's common
stock will be sufficient to provide for an efficient trading market
or whether quotes for the Company's common stock may be blocked by
OTC Markets Group in the future.

                    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.

The Debtors 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.


REAGOR-DYKES MOTORS: $1 Million Sale of Assets to Premier Approved
------------------------------------------------------------------
Judge Robert L. Jones of the U.S. Bankruptcy Court for the Northern
District of Texas authorized Reagor-Dykes Motors, LP and its
debtor-affiliates (i) to sell all intangible assets ancillary to
the Lamesa Dealership and Dealer Agreement, including all business
goodwill, customer lists, internet domains and websites, telephone
numbers, service customer lists, customer lead lists and other
intangible assets related to and/or arising from the Lamesa
Dealership, to Premier Automotive Management, L.L.C., doing
business as Premier Auto Group ("Assignee"), for $1 million; and
(ii) to assume and assign the Lamesa Dealer Agreement to the
Assignee.

Pursuant to 11 U.S.C. Section 365, the Debtors are authorized to
(a) assume the Ford Dealer Agreement and assign it to Assignee, and
(b) take all other action necessary to effectuate the relief
granted pursuant to this Order in accordance with the Motion.

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

Premier Auto Group will pay the sum of $1 million that is payable
to the Debtors pursuant to the transaction documents consummating
the LOI directly to Ford Motor Credit Co., LLC, provided however
that such direct payment to Ford Motor Credit is without prejudice
to the Debtors' full reservation of rights to recover such funds
(a) in the pending litigation styled Reagor-Dykes Motors, LP et al.
v. Ford Motor Credit Company, LLC, Case No. 20-05005; (b) in any
other litigation initiated by or on behalf of the Debtors against
Ford Motor Credit Company, LLC by the Debtors or their successor in
interest; (c) pursuant to 11 U.S.C. Section 506(c); and/or (d) as
part of the claims objection process pursuant to the confirmed plan
in the Chapter 11 case.   

The terms and conditions of the Order will be immediately effective
and enforceable upon its entry.   

Any applicable stay provisions under Bankruptcy Rule 6004(h) are
waived and deemed inapplicable to the relief awarded in the Order.


                              About Reagor-Dykes Motors

Dykes Auto Group -- https://www.reagordykesautogroup.com/ -- is a
dealer of automobiles headquartered in Lubbock, Texas. The Company
offers new and used vehicles, automobile parts, and other related
accessories, as well as car financing, leasing, repair, and
maintenance services. Some of its new vehicles include brands like
Ford, Toyota, GMC, Cadillac, Chevrolet and Buick.

Reagor-Dykes Motors, LP, based in Lubbock, TX, and its
debtor-affiliates sought Chapter 11 protection (Bankr. N.D. Tex.
Lead Case No. 18-50214) on Aug. 1, 2018.  In its petition, the
Debtors were estimated $10 million to $50 million in both assets
and liabilities. The petition was signed by Bart Reagor, managing
member of Reagor Auto Mall I, LLC, general manager and Rick Dykes,
managing member of Reagor Auto Mall I, LLC, general partner.

The Hon. Robert L. Jones presides over the case.  

David R. Langston, Esq., at Mullin Hoard & Brown, L.L.P., serves
as
bankruptcy counsel.  BlackBriar Advisors LLC personnel is serving
as CRO for the Debtor.


REMLIW INC: Has Until July 31 to File Plan & Disclosures
--------------------------------------------------------
Judge Edward A. Godoy has entered an order within which the
deadline for Remliw Inc. and Monte Idilio Inc. to file the
Disclosure Statement and Plan is extended until July 31, 2020.

A copy of the order dated June 16, 2020, is available at
https://tinyurl.com/y9g8ca63 from PacerMonitor.com at no charge.

                       About Remliw, Inc.

Remliw Inc. is a privately held company, which owns a motel located
at Carr 639 Km 2.1 Arecibo, Puerto Rico.

Remliw Inc. filed a voluntary Chapter 11 petition (Bankr. D.P.R.
Case No. 19-01179) on March 2, 2019.  In the petition signed by
Wilmer Tacoronte Negron, administrator, the Debtor disclosed
$2,776,090 in total liabilities.  Damaris Quinones Vargas, Esq., at
LCDA Damaris Quinones, is the Debtor's counsel.


REYNOLDS GROUP: S&P Affirms 'B+' ICR; Outlook Negative
------------------------------------------------------
S&P Global Ratings affirmed the ratings on Reynolds Group Holdings
Ltd., including the 'B+' issuer credit rating, 'B+' secured debt
rating, and 'B-' unsecured debt rating.

The rating actions follow Reynolds Group's announcement that it is
designating Graham Packaging as an unrestricted subsidiary, raising
stand-alone financing for the entity, with proceeds being
distributed to Reynolds Group. The removal of Graham, which
represented nearly one-third of Reynolds Group's revenue following
the successful spin-off of subsidiary Reynolds Consumer Products
earlier this year, reduces the scale and substrate diversity of
Reynolds Group.
S&P expects Reynolds Group to use the proceeds from Graham to pay
down over $2 billion of debt, which should result in adjusted debt
to EBITDA in the high 6x area, in line with the current rating.

Reynolds Group has been actively moving assets out of its group
this year, which S&P views as a credit negative. Following the spin
off of Reynolds Consumer Products, the designation of Graham out of
the restricted group will decrease Reynolds Group's revenue by over
50% with pro forma revenue to be in the $4.5 billion area on a
run-rate basis, compared with $9.7 billion in 2019. In addition to
the lower overall scale, Graham provided substrate (custom
blow-molded plastics), end-market (branded consumer products), and
some geographic diversity to the group. However, as Graham has
essentially operated as an independent business under Reynolds
Group, there should be minimal dis-synergies from the split. The
remaining portfolio consists of Pactiv Foodservice, which is a
leading manufacturer of food service products for food processors,
restaurants, and grocers, and Evergreen, a manufacturer of cartons
for fresh liquid packaging.

The effects of COVID-19 will continue to affect Pactiv and
Evergreen this year. In particular, Pactiv's exposure to food
service and paper cups and Evergreen's exposure to school milk
cartons will be the most affected areas of Reynolds Group's
business. The broad stay-at-home orders that began late in the
first quarter and into the second quarter had halted many of
Reynolds Group's sales into restaurants, purchases of paper cups
for coffee, and school milk cartons. Offsetting some of these
weaknesses is the strength of grocers, increase in take-out dining,
and improved mix of carton sales to higher margin products as
consumers purchase more products for their homes during the
pandemic. S&P believes that the lifting of lockdown orders should
reverse the negative trends the company has experienced. However,
with increasing COVID-19 cases in most of the U.S., delays in
re-opening could continue to affect the company. S&P's base case
for the remaining Reynolds Group portfolio expects a high
single-digit revenue decline this year, with some modest growth in
2021 as the economy begins to recover.

Expected debt reduction from the expected $1.9 billion of proceeds
from Graham will keep debt leverage in line with the current
rating. S&P expects Reynolds Group to pay down about $700 million
under its U.S. dollar-denominated term loan, as well as the $265
million outstanding on its euro-denominated term loan, $380 million
outstanding amount under its securitization facility, and $749
million outstanding on its floating rate notes due in 2021. S&P
expects almost all of Reynolds Group's unfunded pension liabilities
to remain with the group. S&P also notes the company's continued
high cash balance, which the rating agency projects will exceed of
$1.5 billion at the end of the year. It expects the company to
continue maintaining its ample liquidity position as long as
uncertainty continues with COVID-19.

Reynolds Group's financial policy stems from an individual
shareholder. The company is 100% owned by Packaging Finance Ltd.
(PFL), which owns 80% of Reynolds Consumer Products, Inc., PFL is
ultimately owned by Graeme Hart. Reynolds Group has been
consistently run with high debt leverage, and S&P expects that to
continue. However, S&P believes the company will continue meeting
its financial obligations with little pressure from its owner for
shareholder rewards. The company has not made any material dividend
payments over the past several years, and S&P has projected this
trend will continue.

The negative outlook reflects risks around Reynolds Group's end
markets, particularly as it relates to its food service and school
milk carton businesses, as restaurants and schools continue to be
shut down in response to COVID-19. S&P expects debt leverage will
likely increase toward 7x by year-end 2020.

"We would lower the rating on Reynolds Group if negative macro
conditions persisted or worsened beyond our expectations, which
could result in further decline in demand for cartons and
foodservice, and extending to a broader deterioration of its
business, resulting in lower EBITDA and adjusted leverage sustained
above 7x," S&P said.

"We could revise the outlook to stable if the company were able to
manage through the COVID-19 pandemic, likely by focusing on its
stronger end markets and continuing to realize operating and cost
efficiencies to offset revenue declines such that we believed the
company could maintain leverage under 7x while maintaining its
adequate liquidity," the rating agency said.


SABLE PERMIAN: Sets Bidding Procedures for Substantially All Assets
-------------------------------------------------------------------
Sable Permian Resources, LLC, asks the U.S. Bankruptcy Court for
the Southern District of Texas to authorize the bidding procedures
in connection with the auction sale of substantially all assets,
free and clear of all liens, claims, interests, charges and
encumbrances, with any such liens, claims, interests, charges, and
encumbrances attaching to the net proceeds of the sale.

As a general matter, oil and natural gas prices have declined
substantially since 2014.  In particular, in the first quarter of
2020, after the 2019 Restructuring, oil and natural gas prices have
fallen to among their lowest point in decades.  This sustained
market decline has had a severe and adverse effect on the Debtors'
financial performance given that the primary driver of their
financial results is oil and gas pricing.

As a result of these market challenges, as well as continued
liquidity pressure from interest payments totaling approximately
$83.7 million this year on account of the Debtors revolving
obligations and other long-term debt obligations, the Debtors will
not have liquidity to make payments on the Existing Notes and their
other obligations.

Exacerbating their financial condition, in March 2020, JPMorgan
Chase Bank, N.A., the administrative agent ("RBL Agent") for the
RBL Lenders under a $700 million revolving credit facility ("Sable
Land RBL"), informed the Debtors that it would be reducing the
borrowing base under the Sable Land RBL to $415 million, resulting
in a borrowing base deficiency under the Sable Land RBL of
approximately $175 million and an obligation to pay approximately
$29.17 million per month for six months until such deficiency is
paid in full.  Combined with the other financial and operational
challenges, the borrowing base redetermination further strained the
Debtors' liquidity, and it became clear to the Debtors that a
restructuring of their obligations would be necessary for them to
operate in the ordinary course of business.

Faced with liquidity concerns, the Debtors commenced these cases to
preserve much needed liquidity, to prevent disruption to their
operations, and to pursue a strategy to maximize the value of their
estates.  The proposed DIP financing facility negotiated by the
Debtors and the RBL Agent (in its capacity as DIP financing agent)
includes, among other things, the milestones relating to a sale and
marketing process.

The Debtors believe the proposed Bidding Procedures are fair and
appropriate.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Sept. 11, 2020 at 5:00 p.m. (CT)

     b. Initial Bid: Qualified Bids, other than a Credit Bid, must
be accompanied by a deposit equal to (i) 10% of the purchase price
for a Sale Transaction, (ii) 10% of the cash consideration in the
case of a Restructuring Transaction or (iii) such other amount as
the Debtors determine, in their discretion, but in each case in no
event no less than $25 million.

     c. Deposit: 10% of the purchase price

     d. Auction: The Auction will be held on Sept. 15, 2020 at 9:00
a.m. (CT), as the date and time of the Auction, if one becomes
necessary, which will be held at the offices of the proposed
counsel for the Debtors, Latham & Watkins LLP, 811 Main Street,
Suite 3700, Houston, TX 77002 or at such other place (which may be
by video conference) and time as the Debtors will notify all
Qualified Bidders, the Consultation Parties and all other parties
entitled to attend the Auction.

     e. Bid Increments: Each overbid at the Auction must exceed the
prior high bid by the sum of (i) $2 million plus (ii) with respect
to bids from parties other than a Stalking Horse Bidder, the amount
of the Bid Protections payable to any Stalking Horse Bidders,
if applicable.

     f. Sale Hearing: Sept. 17, 2020 at a time convenient for the
Court

     g. Sale Objection Deadline: Aug. 19, 2020 at 5:00 p.m. (CT)

The Debtors ask that the Court grants them authority, but with no
obligation, (i) to select one or more Stalking Horse Bidder(s), and
to enter into a Stalking Horse Agreement with each such Stalking
Horse Bidder, and (ii) in connection with any Stalking Horse
Agreement with a Stalking Horse Bidder other than the RBL Agent or
RBL Lenders, (a) provide a breakup fee, (b) agree to reimburse
reasonable and documented out-of-pocket fees and expenses, and/or
(c) agree to provide other appropriate and customary protections
that are reasonably acceptable to the Consultation Parties or
otherwise approved by the Court.

The Stalking Horse Bid Deadline is July 31, 2020 at 5:00 p.m. (CT)
and the Stalking Horse Designation Deadline is Aug. 3, 2020 at 5:00
p.m. (CT).  No later than one business day after the selection of a
Stalking Horse Bidder, the Debtors will file with the Court, serve
on the Objection Recipients, and post on the case website at
https://cases.primeclerk.com/SPR the Stalking Horse Selection
Notice.

The Debtors ask that the Court approves the form of Sale Notice.
They propose that within five business days after the entry of the
Bidding Procedures Order, they serve the Sale Notice, the Bidding
Procedures Order and the Bidding Procedures, upon the Notice
Parties.  The Contract Objection Deadline is before the Sale
Objection Deadline.

The Debtors ask that the Court approves the form of Post-Auction
Notice.  They propose that, as soon as practicable after the
conclusion of the Auction (if any) and in no event less than one
business day before the Sale Hearing, they will file on the Court's
docket and serve on the Counterparties the Post-Auction Notice
identifying any Successful Bidder(s) and Backup Bidder(s).

The Debtors also ask that the Court approves the form of the
Assumption Notice.  The Assumption Notice Deadline is July 20,
2020.

A hearing on the Motion is set for July 23, 2020 at 11:00 a.m.  The
objection deadline is 21 days from the date of service.

A copy of the Bidding Procedures is available at
https://tinyurl.com/y7rp77ov from PacerMonitor.com free of charge.

The Chapter 11 case is In re Sable Permian Resources, LLC, et al.
(Bankr. S.D. Tex. Case No. 20-33193).


SAGINAW PREPARATORY ACADEMY: S&P Affirms 'B' Revenue Bond Rating
----------------------------------------------------------------
S&P Global Ratings affirmed its 'B' long-term rating on Michigan
Finance Authority's series 2012 public school academy revenue bonds
issued for Saginaw Preparatory Academy (SPA) and removed the rating
from CreditWatch, where it was placed with negative implications on
Oct. 29, 2019. The outlook is negative.

"We resolved the CreditWatch action after receiving notice that the
school received a two-year renewal, through June 30, 2022, from its
charter authorizer," said S&P Global Ratings credit analyst Robert
Tu. "The negative outlook reflects our view that while SPA's
charter is not at risk during the outlook period, we still believe
the school faces an elevated risk of charter revocation given the
shorter term," Mr. Tu added.

"Further supporting the negative outlook is the school's continuing
large enrollment declines and weak maximum annual debt service
coverage of below 1.0x, which is expected to continue through
fiscal 2021, given the uncertainty surrounding the COVID-19
pandemic and state budgetary pressures," Mr. Tu said.

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 ESG factors. The rating agency believes this is a social
risk for SPA due to potential decreases in state funding beyond
fiscal 2021 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. Additionally, SPA has elevated
governance risks as characterized by its recent history of shorter
charter term renewals. S&P views the shorter charter term as an
area of risk because charter schools are required to have and
maintain a charter contract in order to operate. The shorter
renewals leave the charter susceptible to a greater possibility of
non-renewal or potential revocation. Despite the elevated social
and governance risk, S&P believes the school's environmental risks
are in line with the rating agency's view of the sector as a
whole.

SPA is a pre-kindergarten through eighth-grade (K-8) charter school
in Saginaw serving 269 students as of fall 2019. The academy's
stated mission is to prepare students for academic excellence and
responsible citizenship.


SANA INDUSTRIES: Seeks Court Approval to Hire Consultant
--------------------------------------------------------
Sana Industries, Inc. seeks authority from the U.S. Bankruptcy
Court for the District of Maryland to employ Victor Valle
Schloesser, a Chester, N.J.-based consultant, in connection with
its proposed Chapter 11 plan of reorganization.

Mr. Schloesser will advise Debtor concerning its proposed treatment
of the Congressional Bank claim and will provide testimony
concerning such treatment.

The hourly rate for Mr. Schloesser's services is $250.  The
retainer fee is $2,500.

Mr. Schloesser does not represent any interest adverse to Debtor
and its bankruptcy estate in the matters upon which he is to be
employed, according to court filings.

Mr. Schloesser holds office at:

      Victor Valle Schloesser
      50 Budd Avenue
      Chester, NJ 07930

                       About Sana Industries

Sana Industries, Inc. owns and manages two office condominium units
within the Laurel Lakes Executive Park Condominiums located at 8347
and 8349 Cherry Lane, Laurel, Md.

Sana Industries sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 18-26225) on Dec. 10, 2018.
At the time of the filing, Debtor was estimated to have assets of
less than $500,000 and liabilities of less than $1 million.  Judge
Lori S. Simpson oversees the case.  

Cohen Baldinger & Greenfield, LLC, is Debtor's legal counsel.

Debtor filed its Chapter 11 plan of reorganization and disclosure
statement on Sept. 30, 2019.


SCIENTIFIC GAMES: Incurs $198 Million Net Loss in Second Quarter
----------------------------------------------------------------
Scientific Games Corporation filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q, disclosing a net loss
of $198 million on $539 million of total revenue for the three
months ended June 30, 2020, compared to a net loss of $75 million
on $845 million of total revenue for the three months ended June
30, 2019.

For the six months ended June 30, 2020, the Company reported a net
loss of $353 million on $1.26 billion of total revenue compared to
a net loss of $99 million on $1.68 billion of total revenue for the
same period last year.

As of June 30, 2020, the Company had $7.84 billion in total assets,
$10.32 billion in total liabilities, and a total stockholders'
deficit of $2.48 million.

Barry Cottle, president and chief executive officer of Scientific
Games, said, "I am very proud of how we are navigating the current
environment, as evidenced by our strong cost containment and cash
management, which allowed us to deliver better than expected cash
flow for the quarter.  This is a testament to our team's ability to
effectively manage our business in the short term and maintain our
strong customer relationships so we are set up for success as the
economy begins to reopen.  The diversity of our businesses and our
position on the forefront of digital gaming were critical to allow
us to successfully navigate the worst of this environment.  We have
the right team coupled with the best products across both
land-based and mobile gaming to position us for future growth."

"Streamlining our cost structure and focusing on operating
efficiencies to drive free cash flow generation and de-lever our
balance sheet is our top priority," said, Michael Eklund, executive
vice president, chief financial officer.  "While I have only been
here a short time I see tremendous opportunity in all facets of our
business to drive future growth and free cash flows that will
benefit our team members and stakeholders.  We are very pleased
with how we have navigated the challenging current environment in
the second quarter and are confident we have ample liquidity and
the right road map to emerge from this crisis as a stronger and
more efficient company."

As of June 30, 2020, the Company had $943 million in available
liquidity, which included SciPlay's revolving credit facility.

On July 1, 2020, the Company successfully completed a private
offering of $550 million in aggregate principal amount of new
8.625% senior unsecured notes due 2025 at an issue price of 100%.
The net proceeds of the 2025 Notes offering were used to redeem all
$341 million of SGI's outstanding 6.625% senior subordinated notes
due 2021, to pay accrued and unpaid interest thereon plus any
related premiums, fees and expenses, and will be used to pay
related fees and expenses of the 2025 Notes offering and to fund
working capital and for other general corporate purposes.

A full-text copy of the Form 10-Q is available for free at:

                       https://is.gd/6Db64W

                      About Scientific Games

Based in Las Vegas, Nevada, Scientific Games Corporation
(NASDAQ:SGMS) -- http://www.scientificgames.com-- is a developer
of technology-based products and services and associated content
for the worldwide gaming, lottery, social and digital gaming
industries.  Its portfolio of revenue-generating activities
primarily includes supplying gaming machines and game content,
casino-management systems and table game products and services to
licensed gaming entities; providing instant and draw-based lottery
products, lottery systems and lottery content and services to
lottery operators; providing social casino solutions to retail
consumers and regulated gaming entities, as applicable; and
providing a comprehensive suite of digital RMG and sports wagering
solutions, distribution platforms, content, products and services.

Scientific Games reported a net loss of $118 million for the year
ended Dec. 31, 2019, compared to a net loss of $352 million for the
year ended Dec. 31, 2018.  As of March 31, 2020, the Company had
$7.46 billion in total assets, $9.82 billion in total liabilities,
and a total stockholders' deficit of $2.35 billion.


SETTLERS JERKY: Unsecureds to Get 100% But in 5 Years
-----------------------------------------------------
Settlers Jerky Inc. filed a Disclosure Statement describing its
Third Amended Plan of Reorganization.

Class 4 under the Plan consists of all allowed general unsecured
claims.  The Debtor originally anticipated that the Reorganized
Debtor would be able to pay all allowed class 4 claims in full,
with interest, within approximately forty eight months following
the Effective Date.  However, under current circumstances, and as a
result of the COVID-19 pandemic, it is possible that it will take
the Reorganized Debtor a longer period of time to pay all allowed
class 4 claims in full, with interest.  Accordingly, the
Reorganized Debtor will pay all allowed class 4 claims in full,
with interest, within sixty months after the end of the first full
calendar quarter after the Effective Date.

A full-text copy of the Third Amended Plan of Reorganization dated
June 19, 2020, is available at https://tinyurl.com/ybtwe69r from
PacerMonitor.com at no charge.

The Debtor is represented by:
         David L. Neale
         Krikor J. Meshefejian
         LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
         10250 Constellation Boulevard, Suite 1700
         Los Angeles, California 90067
         Telephone: (310) 229-1234
         Facsimile: (310) 229-1244
         E-mail: DLN@LNBYB.COM
                 KJM@LNBYB.COM

                    About Settlers Jerky Inc.

Settlers Jerky Inc., a family-operated enterprise which has been in
business since 1977, with facilities and operations are located in
Walnut, California, develops, prepares, and sells gourmet,
hand-crafted, and hand-packaged artisan beef jerky snacks.  It
currently produces and distributes fifty different flavors and
styles of beef jerky to over sixty companies.

Settlers Jerky filed a Chapter 11 petition (Bankr. C.D. Cal. Case
No. 19-22339) on Oct. 18, 2019.  Judge Sheri Bluebond is assigned
to the case.  Levene, Neale, Bender, Yoo & Brill LLP is the
Debtor's counsel.


STEVEN PARK: Aug. 19 Auction of Torrance Property Set
-----------------------------------------------------
Judge Sandra R. Klein of the U.S. Bankruptcy Court for the Central
District of California authorized Steven Yong Chan Park's proposed
bidding procedures in connection with the sale of the real property
located at 2225 Sepulveda Boulevard, Torrance, California to Dr.
Younes Safa for $2.1 million, subject to higher and better offers.

A hearing on the Motion was held on July 15, 2020 at 9:00 a.m.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Aug. 14, 2020 at 11:59 p.m. (PT)

     b. Initial Bid: The initial bid at the Auction must exceed the
highest and best Qualifying Bid by at least $50,000, and, if there
is a Stalking Horse Bidder, 5% of the Stalking Horse Bidder's
purchase price

     c. Deposit: 10% of the Purchase Price

     d. Auction: Aug. 19, 2020 at 9:00 a.m. (PT) is the date and
time set for the Auction.  Such Auction will be held at the
Bankruptcy Court, Roybal Federal Building, 255 E. Temple Street,
Courtroom 1575, Los Angeles, California, 90012 or at such later
time on such day or other place as the Debtor will notify Bidders
who have submitted Bids.  If required by local regulations due to
the Covid-19 pandemic, the Debtor may conduct the Auction by
telephone or videoconference.  

     e. Bid Increments: $25,000

     f. Sale Hearing: Aug. 26, 2020 at 9:00 a.m. (PT)

     g. Sale Objection Deadline: Aug. 21, 2020 at 12:00 p.m. (PT)

Subject to the terms of the Bid Procedures, in the event of a
competing Bid, the Stalking Horse Bidder will be entitled, but not
obligated, to submit overbids and will be entitled in any such
overbids to credit bid the value of the Breakup Fee.

The Breakup Fee is approved on the terms set forth in the Purchase
Agreement and the Motion.  Upon entry of a Court order authorizing
the sale of the Property to a Successful Bidder other than the
Stalking Horse Bidder, the Debtor is authorized to pay any and all
such amounts owing to the Stalking Horse Bidder on account of the
Breakup Fee in accordance with the terms of the Purchase Agreement
and the Motion.

Upon approval, the Breakup Fee (if payable under the Stalking Horse
Purchase Agreement in accordance with its terms and the terms of
the Order) will be paid by the Debtor from the proceeds of the sale
of the Property.

The Sale Notice is approved.  

The terms and conditions of the Order will be immediately effective
and enforceable upon its entry.

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

Steven Yong Chan Park sought Chapter 11 protection (Bankr. C.D.
Cal. Case No. 19-15009) on April 30, 2019.  The Debtor tapped
Jonathan C. Sandler, Esq., at Brownstein Hyatt Farber Schreck LLP,
as counsel.


STEVEN PARK: Safa Buying Torrance Property $2.1 Million
-------------------------------------------------------
Steven Yong Chan Park asks the U.S. Bankruptcy Court for the
Central District of California to authorize the sale of the real
property located at 2225 Sepulveda Boulevard, Torrance, California
to Dr. Younes Safa for $2.1 million, subject to higher and better
offers.

Pre-petition, the Debtor owned two commercial buildings in Southern
California.  The buildings are: (i) the Torrance Property; and (ii)
located at 7490 Orangethorpe Avenue, Buena Park, California.

On April 30, 2019, the Debtor filed his motion for the entry of an
order approving the sale of the Torrance Property.  On May 2, 2019,
the Debtor filed an amended version of the motion to sell the Buena
Park Property.  On July 26, 2019, the Court entered an order
authorizing the Debtor to sell the Buena Park Property.

On March 4, 2020, the Debtor filed a motion asking Court approval
of the sale of the Torrance Property in conjunction with his plan
of reorganization and its companion disclosure statement.  At that
time, however, the Debtor had not located a proposed buyer for the
Torrance Property.

The Debtor has negotiated agreements with a purchaser for the
purchase of the Torrance Property and the dental practice which
operates upon it ("Torrance Practice") from the Buyer.  The Debtor
expects to receive approximately $2.5 million from the Sale. The
purchase price is allocated with $2.1 million to the Torrance
Property, and $400,000 for the Torrance Practice located on the
property.

As such, the Debtor files the instant amended Motion.  Overall, the
Motion proposes sale of the Debtor's Torrance Property, subject to
higher and better offers from potential third-party purchasers.  To
that end, simultaneously with the Motion, the Debtor is also
filing a his Bidding Procedures Motion.  

The marketing dates back to Aug. 25, 2019, when the Debtor retained
RE/MAX Estate Properties to list the Torrance Property for sale.
Ultimately, the Debtor's efforts resulted in receipt of the
purchase agreement underlying the Motion.  The Debtor wishes to
sell the Torrance Property.  The sale is designed to pay the
estate's largest creditor, Hope Bancorp, Inc. in full.  His ability
to successfully reorganize will be greatly enhanced upon the
consummation of the sale contemplated by the Motion.  As a result,
the Debtor respectfully asks the entry of an Order approving the
sale, subject to the Bidding Procedures.  

The sale calls for the Buyer to place an initial deposit of $25,000
towards the purchase of the Torrance Property; and thereafter, the
procure financing in the amount of $2,075,000.  The sale is
contingent upon the Buyer being the successful purchaser of the
Torrance Practice, and vice versa.

Cognizant of his obligation to maximize value, the Debtor has
agreed that he will sell the Torrance Property to any bidder that
submits an overbid in accordance with certain procedures.

Moreover, the Debtor also asks that the sale be made free of
transfer, stamp taxes, or other similar tax or governmental
assessment in the United States to maximize the return to the
estate.

The  Debtor believes the procedures contemplated herein comply with
Bankruptcy Rules 2004 and 6004, provide adequate notice to third
parties, and will maximize the recovery for the Debtor and his
estate.  Moreover, the procedures proposed for providing notice of
the
notice of the Sale and the opportunity to object to the same, seek
to balance the needs of due process against the possibility of
further elongating the process and exposing the Debtor to further
administrative expenses.  That same balancing of interests weighs
in favor of granting the Motion and approving the Sale.

A copy of the Agreement is available at
https://tinyurl.com/y9whfeds from PacerMonitor.com free of charge.

Steven Yong Chan Park sought Chapter 11 protection (Bankr. C.D.
Cal. Case No. 19-15009) on April 30, 2019.  The Debtor tapped
Jonathan C. Sandler, Esq., at Brownstein Hyatt Farber Schreck LLP,
as counsel.


SUNTECH DRIVE: Gets Court Approval to Hire Accountant
-----------------------------------------------------
SunTech Drive, LLC received approval from the U.S. Bankruptcy Court
for the District of Colorado to hire Lawrence Cooper, a Thornton,
Colo.-based accountant, to prepare its financial reports and
provide other accounting services.

Debtor will pay the accountant an hourly fee of $75.  The total fee
is not expected to exceed $500 per month.

Mr. Cooper disclosed in court filings that he is disinterested
within the meaning of Section 101(14) of the Bankruptcy Code.

Mr. Cooper holds office at:

     Lawrence Cooper
     10024 Quivas St.
     Thornton, CO 80260

                        About SunTech Drive

SunTech Drive, LLC is a privately held solar power electronics
company that provides source-agnostic, intelligent power conversion
equipment.  Its patent pending designs represent a dramatic
departure from the large and costly legacy controllers of the past.
SunTech Drive has replaced traditional electromagnetic cores and
windings with high-speed digital switching silicon and adaptive
firmware.  Visit http://suntechdrive.comfor more information.

SunTech Drive filed its voluntary petition for relief under Chapter
11 of the Bankrutpcy Code (Bankr. D. Colo. Case No. 20-13934) on
June 8, 2020. In the petition signed by Harold K. Michael, CEO, the
Debtor estimated $199,483 in assets and $6,675,846 in liabilities.
Judge Joseph G. Rosania Jr. oversees the case.  Jeffrey S. Brinen,
Esq., at Kutner Brinen, P.C. is Debtor's legal counsel.


TESLA INC: Moody's Hikes CFR to B2 & Sr. Unsec. Rating to B3
------------------------------------------------------------
Moody's Investors Service upgraded the ratings of Tesla, Inc.,
including the Corporate Family Rating to B2 from B3, and senior
unsecured rating to B3 from Caa1, and the speculative grade
liquidity rating to SGL-2 from SGL-3. The outlook is stable.

The upgrade reflects Tesla's sustainable position in the auto
industry as a specialized producer of pure battery electric
vehicles. However, preserving this strong position in BEVs in the
face of emerging competitive challenges will depend on Tesla's
progress around manufacturing efficiency and product development to
achieve even broader customer acceptance at an affordable price.
Moreover, Tesla's expansion prospects benefit from regulatory
pressures on the auto industry to reduce emissions so Tesla's
advanced position in BEVs is an important factor at the higher
rating. At the same time, the weak governance at Tesla also
constrains the rating.

The following rating actions were taken:

Upgrades:

Issuer: Tesla, Inc.

Corporate Family Rating, Upgraded to B2 from B3

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

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

Senior Unsecured Regular Bond/Debenture, Upgraded to B3 (LGD4)
from Caa1 (LGD4)

Outlook Actions:

Issuer: Tesla, Inc.

Outlook, Remains Stable

RATING RATIONALE

The ratings take into account Tesla's progress and the expectation
of greater financial stability going forward, with relatively
solidly margins although high financial leverage and sizeable
investment needs will continue for some time.

After considerable start up challenges, Tesla has significantly
ramped-up sales and production of the Model 3 out of the Fremont,
California facility, and successfully launched the Model Y earlier
this year. The company also opened a production facility Shanghai,
China and plans very substantial battery and production operations
in Austin, Texas along and Berlin, Germany.

With higher production levels and better cost absorption, as well
as a broadening manufacturing footprint, Tesla's EBITA margin
should be in the mid-single-digits. This is despite the broad
economic downturn and uncertainty resulting from the coronavirus
outbreak, and compares favorably against other auto producers.
Tesla's reported EBITA margin has risen steadily from -6.9% for
fiscal 2017, to about 8.5% for the last twelve months ending June,
2020. A significant portion of this margin (approximately 5
percentage points) are due to the sale of $1 billion in regulatory
credits during the twelve months through June. It will be important
for Tesla, over time, to strengthen the profitability of its core
BEV operations and to become less reliant of the sale of these
credits. Finally, the company reported $8.6 billion in cash at June
30, 2020, which will provide much-needed liquidity as the company
faces increasingly challenging market conditions and investment
demands.

Even with manufacturing challenges, Tesla has a considerable lead
in the global BEV market, with a 90% share in the US. BEVs are a
small, specialized segment of the electric vehicle market at about
1.5% of total US auto sales in 2019, but will gain penetration
globally. Tesla does not compete in what will be the much larger
hybrid electric vehicles, nor does Moody's anticipate that Tesla
will develop products in that market. Moody's expects that Tesla
will invest heavily in order to capitalize on BEV expansion and to
maintain its leading position in the sector.

Emission regulations not only support Tesla's BEV sales, they also
afford the company with a critical revenue/earnings stream through
the sale of excess emission credit to OEMs that fail to meet
emission requirements. During 2019, Tesla's sale of emission
regulatory credits amounted to $594 million, which fall directly to
earnings as there is no direct or incremental cost associated with
Tesla's generation of these credits.

Nonetheless, Tesla will face considerable challenges, not the least
being the deteriorating global economic outlook following the
spread of the coronavirus outbreak. The automotive industry is one
of the sectors that will be most severely impacted, as Moody's
expects global automotive sales will fall by at least 20% during
2020. Moody's believes BEVs will be less negatively impacted by the
coronavirus pandemic and, as a result, anticipates Tesla's 2020
sales growth will be in the mid-to-high single-digits --
considerably outperforming the industry, but significantly lower
than the company's historic pace.

Balancing this much more challenging growth environment against the
company's aggressive expansion and investment plans will be
challenging. Further competitive challenges will be posed during
the next two years as other OEMs begin to launch a broader array of
BEVs.

Tesla has a sound liquidity position as it contends with these
challenges. At June 2020, the company's cash position approximated
$8.6 billion. This should afford ample ability to cover the
approximately $3.2 billion of debt maturing during the coming
twelve months, and to fund a potentially sizable capital
expenditure and expansion program. This cash position, and its
sufficiency relative to likely cash requirements during the coming
twelve months, support the change in Tesla's speculative grade
liquidity rating to SGL-2 from SGL-3.

Although an automotive producer, as a maker of BEVs Tesla's carbon
transition risk is considerably lower than peers, and is mostly
limited to the carbon output in its production and from the
electricity used in the recharge of its car batteries during use.
However, important additional risks are posed by Tesla's governance
structure. There is considerable latitude to the company's CEO,
Elon Musk, with a board that has a mix of inside and outside
directors. In addition, Mr. Musk's executive responsibilities with
outside ventures such as SpaceX could tax his ability to adequately
focus on Tesla's challenges, including the need to address the poor
returns and weakened competitive position of the company's solar
business.

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

The stable outlook reflects Tesla's progress in establishing a more
profitable and competitively sustainable position in the BEV
market, balanced against the challenges of: a global economic
slowdown due to the coronavirus; increasing competition in the BEV
space from established OEMs; and the need to transition
profitability away from the heavy dependence on the sale of
regulatory credits and toward the sale of vehicles.

Tesla's rating could be upgraded if the company continues to make
operational progress through the ramp-up of its Shanghai facility
and new operation in Texas, continues a successful launch of the
Model Y, and continues steady progress towards making the Tesla
product lineup more affordable and profitable.

Metrics that would support an upgrade include: EBIT margin that can
be sustained above 5%; debt/EBITDA approximating 4x; and
EBITA/interest above 2x.

The ratings could be downgraded if, as occurred during 2018, the
company begins to encounter operational problems managing its
aggressive global manufacturing and product expansion. Metrics that
would contribute to a downgrade include: EBITA margin being
sustained below 4%; debt/EBITDA approaching 6x; and EBITA/interest
below approximating 1.5x.

Tesla, Inc., headquartered in Palo Alto, California, is the world's
leading manufacturer of battery electric vehicles, and is also a
major producer of energy generation and storage systems. It had
2019 revenues of $24.6 billion.

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


TETSUMI KUROKAWA: Foreign Rep's $700K Sale of Honolulu Property OKd
-------------------------------------------------------------------
Judge Robert J. Faris of the U.S. Bankruptcy Court for the District
of Hawai'i authorized Shiro Imai, the duly appointed Foreign
Representative of Tetsumi Kurokwa, to sell the Debtor's interest in
the real property located at 223 Saratoga Road, # 1202, Honolulu,
Hawaii, and identified with Tax Map Key No. (1) 2-6-3-61:82, to
Kimberly Clarkson or her assignee or designee for $700,000,
pursuant to the terms and conditions set forth in the Agreement.

The sale is "as is," free and clear of any and all Encumbrances.

If the Buyer fails to close the transaction, the Foreign
Representative is authorized to sell the Property to another
purchaser for at least $700,000.

Escrow is authorized to disburse sale proceeds on the terms set
forth in the Agreement, including: (i) closing costs customarily
paid for by the seller; (ii) a commission of 6% to be split between
the realtors; (iii) the secured claim of the holder on the Real
Property, DLJ Mortgage Capital, Inc.; and (iv) the remaining
balance to the Foreign Representative.   

Pursuant to Rules 2002, 6004 and 9014 of the Federal Rules of
Bankruptcy Procedure and Rule 54(b) of the Federal Rules of Civil
Procedure, the Court determines that there is no just reason for
delay and expressly directs that the Order will be entered as a
final judgment.

The Order will (a) be effective, binding and enforceable
immediately upon entry, and (b) not be stayed pursuant to Rule
6004(h) of the Federal Rules of Bankruptcy Procedure.

A copy of the Contract is available at https://tinyurl.com/y6jqm7jd
from PacerMonitor.com free of charge.

Counsel for Foreign Representative:

          Chuck C. Choi
          Allison A. Ito
          CHOI & ITO
          700 Bishop Street, Suite 1107
          Honolulu, HI 96813
          Telephone: (808) 533-1877                            
          Facsimile: (808) 566-6900
          E-mail: cchoi@hibklaw.com

The Chapter 15 bankruptcy case is In re Tetsumi Kurokwa (Bankr. D.
Hawaii Case No. 20-00343).



THOMAS HEALTH: Proposes Plan to Exit Bankruptcy
-----------------------------------------------
Jessica Patterson, writing for 13WOWK, reports that Thomas Health
has created a plan to emerge the company from bankruptcy.

Thomas Health and its subsidiaries have reached an agreement in
principle with a new capital partner to fund a Chapter 11 plan of
reorganization.  The health system says the plan would allow them
to emerge from Chapter 11 bankruptcy just over six months after it
sought protection on January 10, 2020.

The plan, filed June 18, includes terms to provide for the
discounted refunding of nearly $145 million in outstanding bond
debt, according to Thomas Health.  If the plan is approved, Hamlin
Capital Management, LLC, a New York-based, SEC-- registered
investment advisory firm, will serve as the representative of the
investors in the new financing.

"To be in the position to file a viable plan that will restructure
and strengthen our balance sheet, while maintaining and continuing
to treat our patients, especially during times as unprecedented as
the last 90 days, is a testament to the hard work of our employees.
It's business as usual at Thomas Health, and our team is here,
fully prepared to meet patient care needs. This milestone is just
the beginning of what we plan to achieve moving forward today and
tomorrow. We have ambitious plans for Thomas Health to support not
only our patients and community but also our highly-skilled
physicians and committed employees."

The Chapter 11 plan contemplates a significant reduction of the
company's long-term debt, according to Thomas Health. If confirmed
by the Bankruptcy Court, the company says its plan will provide
financial flexibility to support further investment in long-term
growth and strengthen its commitment to patients and employees. The
plan will go into effect with in the next 60-75 days if approved.

                    About Thomas Health System

Thomas Health System, Inc., is a non-stock, non-profit corporation
incorporated under the laws of the State of West Virginia.  Formed
in 2006, Thomas Health System is the consolidated parent entity and
holding company whose primary function is to serve as the
controlling body of the affiliated debtors. Thomas Health System
and its affiliated debtors collectively form a 391-bed hospital
system that employs nearly 1,700 individuals and an estimated 250
clinicians.

Thomas Health System sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. W.Va. Lead Case No. 20-20007) on Jan.
10, 2020. At the time of the filing, Thomas Health System had
estimated assets of between $1 million and $10 million and
liabilities of between $100 million and $500 million.   

Judge Frank W. Volk oversees the case.

The Debtors tapped Whiteford, Taylor & Preston, LLP as bankruptcy
counsel; Frost Brown Todd LLC as local counsel; Force Ten Partners,
LLC, as financial advisor; Splic Capital Advisors, LLC and Solic
Capital, LLC as investment banker; and Omni Management Group as
claims, notice and solicitation agent.


THOMAS HEALTH: Unsecured Creditors to Receive $750K in Joint Plan
-----------------------------------------------------------------
Thomas Health System, Inc., and its debtor affiliates filed with
the U.S. Bankruptcy Court for the Southern District of West
Virginia a Disclosure Statement for Joint Chapter 11 Plan of
Reorganization dated June 18, 2020.

The Plan essentially implements a comprehensive settlement and
compromise of the Debtors' obligations associated with their senior
secured indebtedness, the Series 2008 Bond Claims, which enables
the Plan to become effective in these Chapter 11 Cases, ends the
incurrence and expenditure of continuing administrative expenses of
the Debtors, permits cash payments to be made to certain creditors
on or about the Effective Date of the Plan and thereafter, and
resolves the remaining litigation pending against the Bond Trustee
in these proceedings (the "Senior Bonds 9019 Settlement").  The
Senior Bonds 9019 Settlement will therefore permit the Debtors to
realize their multi-year effort to resolve their senior debt
obligations and maintain their existing healthcare businesses.

Without limitation, the comprehensive settlement provides for the
Bond Trustee's agreement to support the Debtors' use of Cash to pay
Allowed Administrative Claims, Professional Fee Claims, Priority
Tax Claims, and Other Priority Claims and the Debtors' use of Cash
to provide liquidity to the Debtors' continued business on and
after the Effective Date.

The treatment and distributions provided for in the Plan with
respect to the Series 2008 Bond Claims under the Senior Bonds 9019
Settlement reflect a compromise and settlement of numerous complex
issues including the scope, extent and value of the collateral
associated with the Series 2008 Bonds, the valuation of the Bond
Trustee’s Diminution Claims, potential disputes and objections
the Bond Trustee and Debtors would litigate concerning the
Debtors’ ability to confirm a contested plan, and related
matters.

Holders of Class 5 General Unsecured Claims will receive, in full
and final satisfaction, settlement, release and discharge of its
Allowed General Unsecured Claim, a Pro Rata Share of Cash in the
amount of $750,000, on or as soon as reasonably practicable after
the later of: (i) 180 days after the Effective Date and (ii) the
date that is 30 days after the date such General Unsecured Claim is
Allowed.

The Debtors will continue to own the Hospitals after the Effective
Date of the Plan.  As set forth in the Plan, the transactions
contemplated by the Plan provide for a comprehensive restructuring
of Claims against the Debtors, de-lever the Debtors' capital
structure and preserve the going-concern value of the Debtors'
businesses, maximize recoveries available to all constituents, and
protect the jobs of the Debtors' employees.

All Cash consideration necessary for the Reorganized Debtors to
make payments or distributions pursuant hereto shall be obtained
from Cash on hand of the Debtors or Reorganized Debtors as
appropriate, including Cash derived from business operations,
investments of the Debtors or Reorganized Debtors, rights and
Claims held by the Debtors and Reorganized Debtors, the proceeds of
the Series 2020 Bond issuance, and to the extent applicable, any
interest the Debtors or Reorganized Debtors may have in the Self
Insured Trust.

A full-text copy of the Disclosure Statement dated June 18, 2020,
is available at https://tinyurl.com/y8a9ks9c from PacerMonitor.com
at no charge.

Counsel to the Debtors:

         WHITEFORD TAYLOR & PRESTON LLP
         Michael J. Roeschenthaler
         200 First Avenue, Third Floor
         Pittsburgh, PA 15222
         Tel: (412) 618-5601
         E-mail: mroeschenthaler@wtplaw.com

         Brandy M. Rapp
         10 S. Jefferson Street, Suite 1110
         Roanoke, Virginia 24011
         Tel: (540) 759-3577
         E-mail: brapp@wtplaw.com

               - and -

         FROST BROWN TODD, LLC
         Jared M. Tully, Esq.
         500 Virginia Street East, Suite 1100
         Charleston, WV 25301
         Tel: 304-345-0111
         E-mail: jtully@fbtlaw.com

         Ronald E. Gold, Esq.
         Douglas L. Lutz, Esq.
         3300 Great American Tower

         301 East Fourth Street
         Cincinnati, Ohio 45202
         Tel: 513-651-6800
         E-mail: rgold@fbtlaw.com
                 dlutz@fbtlaw.com

                  About Thomas Health System

Thomas Health System, Inc., is a non-stock, non-profit corporation
incorporated under the laws of the State of West Virginia.  Formed
in 2006, Thomas Health System is the consolidated parent entity and
holding company whose primary function is to serve as the
controlling body of the affiliated debtors.  Thomas Health System
and its affiliated debtors collectively form a 391-bed hospital
system that employs nearly 1,700 individuals and an estimated 250
clinicians.

Thomas Health System sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. W.Va. Lead Case No. 20-20007) on Jan.
10, 2020.  At the time of the filing, Thomas Health System had
estimated assets of between $1 million and $10 million and
liabilities of between $100 million and $500 million.   

Judge Frank W. Volk oversees the case.

The Debtors tapped Whiteford, Taylor & Preston, LLP as bankruptcy
counsel; Frost Brown Todd LLC as local counsel; Force Ten Partners,
LLC, as financial advisor; Splic Capital Advisors, LLC and Solic
Capital, LLC as investment banker; and Omni Management Group as
claims, notice and solicitation agent.


TOOJAY'S MANAGEMENT: Sets Bidding Procedures for All Assets
-----------------------------------------------------------
TooJay's Management LLC and its debtor affiliates ask the U.S.
Bankruptcy Court for the Southern District of Florida to authorize
the bidding procedures in connection with the auction sale of
substantially all of their assets.

Pursuant to Local Rule 6004-1(B), the Debtors submit the following
summary of the material terms of the proposed sale:

     a. Purchaser: The ultimate purchaser of the Debtors' assets is
unknown at this time as the Debtors and their advisors will seek to
procure buyers for the Offered Assets.

     b. Competitive Bidding" The proposed sale is subject to the
receipt of one or more Qualified Bids, and the conduct of an
Auction.

     c. Bid Deadline: Aug. 21, 2015 5:00 p.m. (ET).

     d. Auction: The Auction will be held on Aug. 25, 2015 at 10:00
a.m. (ET) (either live/zoom auction) at the offices of Berger
Singerman LLP, 1450 Brickell Avenue, Suite 1900, Miami, Florida.

     e. Sale Objection Deadline: Aug. 25, 2015, 4:00 p.m. (ET)

     f. Proposed Sale Hearing: Aug. 27, 2020, 1:30 p.m. (ET)

     g. Outside Closing Date: Sept. 1, 2020 (Buyers will be
required to waive the requirement that the Sale Order become a
final order).

     h. Good Faith Deposit: 10% of the bid amount

     i. Stalking Horse Selection: The Debtors reserve the right,
following consultation with the Agent, to enter into a Stalking
Horse Bid and to offer a Qualified Bidder and Expense Reimbursement
not to exceed $100,000 and a Breakup Fee equal to 2% of the total
value of its bid.

     j. Potential Lienholders Monroe Capital Asset Management, LLC,
as agent; Brookside Mezzanine Fund II, LLC; Brookside Mezzanine
Fund III, LLC.   

Under the circumstances of these Chapter 11 Cases, the Debtors
respectfully ask that the Court approves bidding procedures in
connection with the sale of substantially all of their assets.

The other salient terms of the Bidding Procedures are:

     a. Initial Bid: Stalking Horse purchase price, plus $100,000
or such other amount as the Debtors determine is appropriate, plus
the amount of any Breakup Fee and/or Expense Reimbursement if the
Debtors have entered into a Stalking Horse Bid

     b. Bid Increments: $100,000

To facilitate the sale of the Offered Assets, the Debtors ask that
the Court authorizes the sale of the Offered Assets free and clear
of certain liens, claims, encumbrances, and other interests.

The Debtors have determined, in their reasonable business judgment,
that a sale of their assets at this time, even without a
traditional "stalking horse" bidder, is warranted and necessary.
However, they ask that they be authorized to enter into an
agreement that provides a bidder who is willing to serve as a
stalking horse bidder, a Breakup Fee of up to 2% of the total value
offered by such stalking horse bidder in its bid and/or
reimbursement of documented out-of-pocket expenses that are
actually incurred up to $100,000.

The Debtors will provide all parties to executory contracts and
unexpired leases to be assumed and assigned pursuant to the Motion
with such Adequate Assurance Packages and an opportunity to be
heard, and in connection with the Sale Hearing, the Debtors will
provide evidence that all requirements for the assumption and
assignment of the executory contracts and unexpired leases proposed
to be assigned to the purchaser(s) of the assets will be satisfied.
Thus, they respectfully submit that, by the conclusion of the Sale
Hearing, assumption and assignment of the executory contracts and
unexpired leases should be approved.  They respectfully ask that
the Court approves the assumption and assignment of the Assumed
Agreements.

To facilitate the sale and the assumption and assignment of the
Debtors' executory contracts and unexpired leases, the Debtors
propose to serve a notice of assumption and assignment and of the
proposed cure amounts relating to such assumed agreements no later
than 21 days after the entry of an Order approving the Motion, and
ask that the Court approves the procedure for fixing any cure
amounts owed on all Assumed Agreements.  The Cure Objection
Deadline is 4:00 p.m. (ET) three days prior to the Sale Hearing.

Finally, in light of their severe liquidity restraints, the Jan.
31, 2009 maturity date of the DIP Credit Facility, and to limit the
costs of administering their estates, it is critical that the
Debtors close the sale of the Offered Assets as soon as possible.  
Accordingly, they ask that the Court waives the 10-day stay period
under Bankruptcy Rules 6004(h) and 6006(d).

A copy of the Bidding Procedures is available at
https://tinyurl.com/y7gzvccx from PacerMonitor.com free of charge.

                  About TooJay's Management

TooJay's Management LLC is a South Florida-based deli, bakery and
restaurant chain that serves guests in Palm Beach and Broward
counties, the Treasure Coast, the West Coast of Florida, the
Orlando area and The Villages. TooJay's offers homemade comfort
foods, handcrafted sandwiches and made-from-scratch soups, salads,
and baked goods.  It operates 16 locations in different counties
in
Florida.

TooJay's Management and 31 affiliates sought Chapter 11 protection
(Bankr. S.D. Fla. Case No. 20-14792) on April 29, 2020.  

TooJay's Management was estimated to have $50 million to $100
million in assets and $10 million to $50 million in liabilities as
of the bankruptcy filing.

The Hon. Erik P. Kimball is the case judge.

Akerman LLP, a law firm based in Fort Lauderdale, Fla., originally
served as Debtors' legal counsel.  The Debtors later hired Berger
Singerman LLP as counsel, replacing Akerman.  Getzler Henrich &
Associates, LLC, is the Debtor's financial advisor.


TOWNSQUARE MEDIA: Moody's Alters Outlook on B2 CFR to Negative
--------------------------------------------------------------
Moody's Investors Service affirmed Townsquare Media, Inc.'s B2
Corporate Family Rating, B2-PD Probability of Default Rating, Ba2
senior secured debt, and B3 senior unsecured notes ratings. The
outlook was changed to negative from stable.

The negative outlook reflects the impact of the economic recession
as a result of the coronavirus outbreak which Moody's expects will
substantially impact radio advertising revenue in the near term and
lead to higher leverage levels and lower cash outflow from
operations. While Townsquare is projected to maintain sufficient
liquidity, operating cash flow is projected to deteriorate
significantly in the near term. As a result, Townsquare's
Speculative Grade Liquidity rating was downgraded to SGL-3 from
SGL-2.

Affirmations:

Issuer: Townsquare Media, Inc.

Corporate Family Rating, Affirmed B2

Probability of Default Rating, Affirmed B2-PD

Senior Secured Bank Credit Facility, Affirmed Ba2 (LGD2)

Senior Unsecured Regular Bond/Debenture, Affirmed B3 (LGD5)

Downgrades:

Issuer: Townsquare Media, Inc.

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

Outlook Actions:

Issuer: Townsquare Media, Inc.

Outlook, Changed to Negative from Stable

RATINGS RATIONALE

The B2 CFR reflects Townsquare's high leverage (6.3x as of Q1 2020,
excluding Moody's standard lease adjustments) and Moody's
projection that leverage levels will increase substantially in the
near term due to the impact of the coronavirus outbreak on the
economy. The radio industry is also being negatively affected by
the shift of advertising dollars to digital mobile and social media
as well as heightened competition for listeners from a number of
digital music providers. Secular pressures and the cyclical nature
of radio advertising demand have the potential to exert substantial
pressure on EBITDA from its radio assets over time. Townsquare has
taken cost cutting actions during the first half of 2020 and will
be focused on preserving liquidity in the near term. Townsquare's
live event business will be impacted by the coronavirus outbreak,
but this division accounted for less than 4% of revenue in 2019
following prior asset sales.

Townsquare has leading positions in its markets as well as its
growing digital marketing solutions (Townsquare Interactive) and
digital programmatic advertising platform (Townsquare Ignite) that
expands its service offering. Moody's expects the Townsquare
Interactive service to continue to grow as small businesses look to
improve their website and digital capabilities during the pandemic,
but this service is not large enough to offset declines in
traditional radio. Townsquare has been focused on growing local
advertising revenue in small to mid-sized markets and increasing
revenue diversification with its digital product offerings.
Townsquare operates in smaller markets where competition is limited
as most radio broadcasters choose to operate primarily in larger
markets. The geographically diversified footprint focused on small
markets may support performance if some markets are less impacted
by the pandemic and not subject to additional health restrictions.
In contrast to traditional radio operators, executive management
has diverse media experience and does not come exclusively from
legacy broadcasters.

The rapid spread of the coronavirus outbreak, deteriorating global
economic outlook, low oil prices, and high asset price volatility
have created an unprecedented credit shock across a range of
sectors and regions. Moody's regards the coronavirus outbreak as a
social risk under its ESG framework, given the substantial
implications for public health and safety. Its action reflects the
impact on Townsquare of the deterioration in credit quality it has
triggered, given its exposure to advertising spending, which has
left it vulnerable to shifts in market demand and sentiment in
these unprecedented operating conditions.

A governance impact that Moody's considers in Townsquare's credit
profile is the expectation of a relatively conservative financial
strategy focused on debt reduction. While Moody's projects
Townsquare will be focused on preserving liquidity in the near
term, free cash flow is expected to be used for debt reduction as
the impact of the pandemic subsides. Townsquare is a publicly
traded company listed on the New York Stock Exchange, but funds
managed by private equity firm, Oaktree Capital, maintain a
substantial ownership position and voting control of the company.

Townsquare's liquidity is adequate as reflected in the SGL-3
rating, supported by $136 million of cash on the balance sheet as
of Q1 2020 following the drawdown of the $50 million revolver
facility due April 2022. However, Townsquare repaid the outstanding
balance of the revolver and made a $9.9 million excess cash flow
sweep payment in addition to buying back $4.5 million of notes in
Q2 2020. The revolver maturity is coterminous with the term loan
maturity (April 2022), but has a springing maturity six months
inside the term loan maturity. Moody's expects Townsquare will be
focused on extending the maturity of its debt structure in the near
term. Townsquare eliminated the quarterly dividend of $2.1 million
and Moody's expects the company will reduce capex ($20 million LTM
Q1 2020) to help preserve liquidity. The company does not expect to
be a full taxpayer in the near term given significant federal
NOL's.

There are no financial maintenance covenants for the term loan B.
The revolver is subject to a 3.75x maximum 1st lien leverage ratio
(as defined) with no step downs and is applicable only when
revolver balance exceeds 30% of total commitments. Moody's projects
the covenant levels will tighten in the near term and an amendment
may be required to maintain full access to the revolver going
forward.

The negative outlook reflects Moody's view that Townsquare will
experience significant declines in revenues and EBITDA in the next
few quarters due to the impact of the coronavirus outbreak on the
economy and radio advertising revenue. The outlook also
incorporates Moody's expectation for Townsquare's debt-to-EBITDA
leverage to increase substantially to over 10x by the end of 2020
before returning to under 6x by the end of 2021 after the impact of
the pandemic subsides. Political advertising revenue is projected
to support results as the election approaches towards the end of
2020. An inability to extend the maturity dates of the revolver and
term loan well in advance of the maturity date would likely lead to
a rating downgrade.

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

The ratings could be downgraded if Moody's expects that
Townsquare's leverage will be sustained above 5.75x due to
underperformance, audience and advertising revenue migration to
competing media platforms, or ongoing economic weakness. A free
cash flow to debt ratio in the low single-digits, a weakened
liquidity profile, or inability to extend the maturity date of its
debt structure well in advance of its maturity date could also lead
to a downgrade.

An upgrade for Townsquare is not expected in the near term due to
the impact of the pandemic and Moody's projection of higher
leverage in the near term. However, the ratings could be upgraded
if leverage declined below 4x, as calculated by Moody's, with a
good liquidity profile and a percentage of free cash flow to debt
ratio of approximately 10%. Positive organic revenue growth and
expanding EBITDA margins would also be required in addition to
confidence that the financial sponsors would maintain financial
policies consistent with a higher rating level.

Townsquare Media, Inc. owns and operates 321 radio stations and
more than 330 related websites in 67 smalls to mid-sized markets.
It also operates two digital services (Townsquare Interactive and
Townsquare Ignite). Headquartered in Purchase, NY and founded in
2010, the company represents an acquisition roll up by new
management of small to mid-sized market stations. Townsquare is
publicly traded and the largest shareholders are prior debt holders
including Oaktree Capital Management, L.P. as the controlling
shareholder with majority voting power. Net revenue for the last
twelve months ended March 31, 2020 totaled $431 million.

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


TRAVELEXPERIENCE LLC: Bove Buying All Assets for $5K
----------------------------------------------------
TravelExperience, LLC, asks the U.S. Bankruptcy Court for the
District of New Jersey to authorize the sale of substantially all
of its non-cash assets to Elisa Bove for $5,000, subject to higher
and better offers.

The Prospective Purchaser served as a tour guide for the Debtor but
otherwise has no connection to the Debtor.  Until February 2020,
the Debtor ran a tour business in Rome that brought tourists to
famous sites such as the Vatican and the Colosseum.  Its business
was very seasonal in nature.  The Debtor used multiple domain names
to attract potential travelers to its websites and sell tour
tickets.  The Debtor was required to purchase tickets to the
popular attractions several months in advance of the summer "high
season" and then collect payment from the Debtor's clients when
they purchased tours.  The Debtor used its available resources and
borrowing from PayPal's lending arm to finance these purchases
until tours occurred.

In February 2020, the COVID-19 pandemic closed almost all business
in Italy.  Tourism in the country ceased entirely for multiple
months and has remained limited ever since.  With no source of
revenue available to pay expenses, the Debtor's business model
ceased to function.  The Debtor has had virtually no operations
since February and relatively has no alternative but to sell
assets.

The Debtor has been marketing its assets to potential purchasers
since the Petition Date. It spoke to the other tour providers in
the area, its tour guides, and any entity that expressed interest.
Thus far, the only offer for the Debtor's assets has come from the
Prospective Purchaser, a former guide, who has offered $5,000.

The Debtor proposes to sell all of its assets except for customer
data that is protected by the Debtor's privacy policy.  The
Debtor's privacy policy prohibits the Debtor from selling the
personal information of its customers. Therefore, the Debtor will
not be selling customer lists or other similar personal information
of its customers.

The Debtor also proposes to sell to the Successful Purchaser the
opportunity to have the Debtor assume and assign to the Successful
Purchaser any of its executory contracts that the Prospective
Purchaser selects.  To acquire the rights of an executory contract,
the Successful Purchaser must identify the relevant executory
contract and cure any monetary defaults with respect thereto.
Because the identity of the Successful Purchaser is not certain at
this time, the Debtor intends to prepare a separate motion to
assume and assign any executory contracts the Successful Purchaser
selects.

The Debtor does not believe that there are liens on any of the
assets that it proposed to sell.  It is providing notice of the
proposed sale to all parties in the case.  To the extent that any
party believes it has a lien on any of the Debtor's assets to be
sold, such party may object to the proposed sale.  The Debtor
reserves its rights to sell assets free and clear of liens.

Given that the Debtor has no viable business plan going forward,
the proposed sale of assets falls well within the articulated
business justification standard that governs the use, sale or lease
of property.

A hearing on the Motion is set for July 28, 2020 at 10:00 a.m.

TravelExperience LLC sought Chapter 11 protection (Bankr. D.N.J.
Case No. 20-16195) on May 4, 2020.  Andy Winchell, Esq., at LAW
OFFICES OF ANDY WINCHELL, is the Debtor's counsel.



TRUDY'S TEXAS: Conducts Auction for Properties
----------------------------------------------
Trudy's Texas Star, Inc., and Nofalia, Inc., announced that the
deadline to submit bids for substantially all assets was moved from
July 10, 2020 to July 17, 2020.  The auction was set for July 23.

July 27, 2020 is the deadline for the Debtors to file a notice of
the auction results.

Aug. 17, 2020, at 10:00 a.m. (prevailing Central Time) is the sale
hearing to consider approval of the sale transactions.  The sale
hearing has been scheudled to a WebEx hearing at
ao-courts.webex.com/meet/mott, through the Cisco WebEx Meetings
application. Parties may also attend the hearing by phone at
888-363-4734 with access code 8640852.

Hilco Real Estate, LLC, was the sales agent.

Headlining the auction were properties belonging to the popular
Tex-Mex restaurant chain, Trudy's.  All four properties within this
sale are located throughout Austin, Texas.  Interested parties are
able to purchase all of the assets, tangible and intangible or a
combination of the assets including the owned real estate,
assumption of the restaurant location leases, furniture, fixtures,
equipment, and intellectual property rights including trademarks,
business names, copyrights and more.

The original restaurant in this portfolio is known as Trudy's Texas
Star, "the one that started it all." It was established in 1977 and
is now found on 30th Street, located in the heart of Austin and
just a quarter of a mile from the University of Texas. The company
opened two more restaurants in 1983 and 1986 which were combined
into one location in 1994 and later moved to its current location
on Little Texas Lane, known as Trudy's South Star. Expanding
further, Trudy's North Star opened on Burnet Road in 1988. Along
with the chain of Trudy's restaurants, the company owns the South
Congress Café, a trendy eatery in the Bouldin neighborhood that
features creative and progressive American cuisine located on
Congress Avenue, just south and across the Colorado River from
Trudy's original restaurant. All restaurants within this sale are
in prime locations throughout Austin, surrounded by other popular
eateries and businesses which exemplifies Austin's reputation as a
booming city.

Jeff Azuse, senior vice president at Hilco Real Estate, stated,
"The sale includes both tangible and intangible assets, which
creates a compelling opportunity for an owner/user to add this
well-established brand to an already existing portfolio, or a new
owner/investor to step into a popular operating business." He adds
"All the lists Austin's made being the 'top' in the country and
being widely known as a city with great food truly cements this as
a tremendous opportunity."

                    About Trudy's Texas Star

Trudy's Texas Star, Inc., an Austin, Texas-based company that
operates a chain of restaurants, filed a Chapter 11 petition
(Bankr. W.D. Tex. Case No. 20-10108) on Jan. 22, 2020.  In the
petition signed by Stephen Truesdel, authorized representative, the
Debtor was estimated to have $1 million to $10 million in both
assets and liabilities.  Judge Tony M. Davis oversees the case.
Stephen W. Sather, Esq., at Barron & Newburger, PC, is the Debtor's
bankruptcy counsel.


TWA PROPERTIES: August 11 Plan Confirmation Hearing Set
-------------------------------------------------------
On June 9, 2020, TWA Properties, LLC - TWA Properties 6726 Ash
filed with the U.S. Bankruptcy Court for the Eastern District of
Texas, Sherman Division, an Amended Disclosure Statement referring
to its Plan of Reorganization.

On June 16, 2020, Judge Brenda T. Rhoades approved the Disclosure
Statement and established the following dates and deadlines:

   * Aug. 5, 2020 is fixed as the last day for filing and serving
pursuant to Rule 3020(b)(1) written acceptances or rejections of
the Plan in the form of a ballot.

   * Aug. 11, 2020 at 9:30 a.m. is fixed for the hearing on
Confirmation of the Plan.

   * July 31, 2020 is fixed as the last day for filing and serving
pursuant to Fed. R. Bankr. P. 3020(b)(1) written objections to
confirmation of the Plan.

A copy of the order dated June 16, 2020, is available at
https://tinyurl.com/y77udmb6 from PacerMonitor.com at no charge.

                   About TWA Properties, LLC
                      Properties 6726 Ash

Based in Frisco, Texas, TWA Properties, LLC - TWA Properties 6726
Ash filed a Chapter 11 bankruptcy petition (Bankr. E.D. Tex. Case
No. 20-40082) on Jan. 6, 2020, estimating to have under $1 million
in both assets and liabilities.  The Debtor is represented by Eric
A. Liepins, Esq., at Eric A. Liepins, P.C.


TWINLAB CONSOLIDATED: Has $44.5-Mil. Net Loss for 2019
------------------------------------------------------
Twinlab Consolidated Holdings, Inc. filed with the U.S. Securities
and Exchange Commission its annual report on Form 10-K, disclosing
a total net loss of $44,501,000 on $73,460,000 of net sales for the
year ended Dec. 31, 2019, compared to a total net loss of
$20,409,000 on $73,291,000 of net sales for the year ended in
2018.

The audit report of Tanner LLC states that the Company has negative
working capital, has incurred operating losses and negative cash
flows from operating activities, and has an accumulated deficit.
These conditions, among others, raise substantial doubt about the
Company's ability to continue as a going concern.

The Company's balance sheet at Dec. 31, 2019, showed total assets
of $30,387,000, total liabilities of $118,147,000, and a total
stockholders' deficit of $87,760,000.

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

                       https://is.gd/sEmyks

Twinlab Consolidated Holdings, Inc., together with its
subsidiaries, manufactures, markets, distributes, and retails
nutritional supplements and other natural products worldwide.  It
is based in Boca Raton, Florida.



ULTRA PETROLEUM: Stroock, Lavan Update on Term Lender Group
-----------------------------------------------------------
In the Chapter 11 cases of Ultra Petroleum Corp., et al., the law
firms of Stroock & Stroock & Lavan LLP and Haynes and Boone, LLP
submitted a first supplemental verified statement under Rule 2019
of the Federal Rules of Bankruptcy Procedure, to disclose an
updated list of Ad Hoc Group of Term Lenders that they are
representing.

On May 19, 2020 Stroock and Haynes and Boone filed the Verified
Statement of the Ad Hoc Group of Term Lenders Pursuant to
Bankruptcy Rule 2019 [Docket No. 129]. Stroock and Haynes and Boone
now file this First Supplemental Verified Statement to further
update information contained in the Original Verified Statement.

In connection with the Debtors' bankruptcy filing, certain members
of the Ad Hoc Group of Term Lenders provided the Debtors with
debtor-in-possession financing pursuant to that certain
Senior-Secured Super-Priority Debtor-in-Possession Term Loan Credit
Agreement, dated as of May 19, 2020, by and among the Debtors, as
borrower, the lenders party thereto, and Wilmington Trust, National
Association, as administrative agent, in accordance with, and as
approved by, a final order of the Court [Docket No. 283].

As of the filing of this First Supplemental Verified Statement,
Stroock represents only the Ad Hoc Group of Term Lenders and does
not represent or purport to represent any persons or entities other
than the Ad Hoc Group of Term Lenders in connection with the
Debtors' chapter 11 cases. Furthermore, as of the filing of this
First Supplemental Verified Statement, Haynes and Boone represents
only the Ad Hoc Group of Term Lenders and does not represent or
purport to represent any persons or entities other than the Ad Hoc
Group of Term Lenders in connection with the Debtors' chapter 11
cases. In addition, as of the date of this First Supplemental
Verified Statement, the Ad Hoc Group of Term Lenders, both
collectively and through its individual members, does not represent
or purport to represent any other entities in connection with the
Debtors' chapter 11 cases.

As of July 9, 2020, members of the Ad Hoc Group of Term Lenders and
their disclosable economic interests are:

Avenue Capital Management II, LP
11 West 42nd Street, 9th Floor
New York, NY 10036

* $107,942,394.00 principal amount of Second Lien Notes
* 1,426,488.00 of Warrants
* 12,400,323 shares of Ultra Petroleum Corp. Common Stock

Bain Capital Credit LP
200 Clarendon Street
Boston, MA 02116

* $83,756,284.00 principal amount of Term Loans
* $6,921,723.00 principal amount of Second Lien Notes
* $2.708,828.73 principal amount of DIP Loans

Citadel Equity Fund Ltd.
c/o Citadel Advisors LLC
601 Lexington Avenue
New York, New York 10022

* $379,707,667.14 principal amount of Term Loans
* $183,716,028.00 principal amount of Second Lien Notes
* $5,750,000.00 principal amount of 6.875% Notes
* $10,778,744.62 principal amount of DIP Loans

Cross Ocean Partners Management LP
20 Horseneck Lane
Greenwich, CT 06830

* $31,427,493.00 principal amount of Term Loans
* $1,016,421.58 principal amount of DIP Loans

CVC Credit Partners LLC
712 Fifth Avenue, 42nd Floor
New York, NY 10019

* $653,889.39 principal amount of DIP Loans

FS Energy and Power Fund
201 Rouse Boulevard
Philadelphia, PA 19112

* $10,235,489.88 principal amount of Term Loans
* $331,034.13 principal amount of DIP Loans

GoldenTree Asset Management LP
300 Park Avenue
New York, NY 10022

* $25,543,109.53 principal amount of Term Loans
* $1,981,096.60 principal amount of DIP Loans

Goldman Sachs & Co., LLC
200 West Street
New York, NY 10282

* $49,453,084.00 principal amount of Second Lien Notes

GC Finance Operation II, Inc.
150 S Wacker Drive, Ste 800
Chicago, IL 60606

* $9,910,966.62 principal amount of Term Loans
* $320,538.47 principal amount of DIP Loans

Investcorp Credit Management US LLC
280 Park Avenue
New York, New York 10017

* $6,663,285.00 principal amount of Term Loans

Nuveen Alternatives Advisors LLC
730 Third Avenue
New York, NY 10017

* $36,001,583.72 principal amount of Term Loans

Oak Hill Advisors LP
1114 Avenue of the Americas, 27th Floor
New York, New York 10036

* $16,653,017.99 principal amount of Term Loans
* $538,588.52 principal amount of DIP Loans

Oaktree Capital Management LP
333 South Grand Ave, 28th Floor
Los Angeles, CA 90071

* $209,246,588.85 principal amount of Term Loans
* $45,609,848.00 principal amount of Second Lien Notes
* $2,313,666.42 principal amount of DIP Loans
* 1,130,442.00 of Warrants
* 357,139 shares of Ultra Petroleum Corp. Common Stock

Sculptor Capital L.P.
9 W 57th Street, 39th Floor
New York, NY 10019

* $54,903,113.71 principal amount of Term Loans
* $1,775,665.33 principal amount of DIP Loans

Special Situations Investing Group, Inc.
200 West Street
New York, NY 10282

* $18,407,614.35 principal amount of Term Loans
* $595,335.32 principal amount of DIP Loans

Taconic Capital Advisors LP
280 Park Avenue, 5th Floor
New York, NY 10017

* $28,751,269.00 principal amount of Term Loans
* $25,748,000.00 principal amount in 7.125% Notes
* $929,867.69 principal amount of DIP Loans

Wells Fargo Bank, NA
550 S. Tyron St. 4 Floor
Charlotte, NC 28202

* $8,427,367.00 principal amount of Term Loans
* $312,501.68 principal amount of DIP Loans

ZAIS Group LLC
101 Crawfords Corner Road, Suite 1206
Holmdel, NJ 07733

* $22,795,223.21 principal amount of Term Loans
* $737,238.47 principal amount of DIP Loans

The Ad Hoc Group of Term Lenders, through its undersigned counsel,
reserves the right to amend and/or supplement this First
Supplemental Verified Statement in accordance with the requirements
set forth in Bankruptcy Rule 2019 at any time in the future.

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

          HAYNES AND BOONE, LLP
          Charles A. Beckham, Jr., Esq.
          Kelli S. Norfleet, Esq.
          Arsalan Muhammad, Esq.
          1221 McKinney Street, Suite 2100
          Houston, TX 77010
          Telephone.: (713) 547-2000
          Facsimile: (713) 547-2600
          Email: charles.beckham@haynesboone.com
                 kelli.norfleet@haynesboone.com
                 arsalan.muhammad@haynesboone.com

             - and -

          STROOCK & STROOCK & LAVAN LLP
          Jayme T. Goldstein, Esq.
          Christopher M. Guhin, Esq.
          Emily L. Kuznick, Esq.
          180 Maiden Lane
          New York, NY 10038
          Telephone: 212-806-5400
          Facsimile: 212-806-6006
          Email: jgoldstein@stroock.com
                 cguhin@stroock.com
                 ekuznick@stroock.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/B9DOPu and https://is.gd/lKWHLY

                    About Ultra Petroleum

Ultra Petroleum Corp., an independent oil and gas company, engages
in the acquisition, exploration, development, operation, and
production of oil and natural gas properties. Its principal
business activities are developing its natural gas reserves in the
Green River Basin of southwest Wyoming, the Pinedale and Jonah
fields.  The company was founded in 1979 and is headquartered in
Englewood, Colorado.

Ultra Petroleum Corp. and its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 20-32631) on May 14,
2020.

The Debtor disclosed total assets of $1,450,000,000 and total debt
of $2,560,000,000 as of March 31, 2020.

The Hon. Marvin Isgur is the case judge.

The Debtors tapped KIRKLAND & ELLIS LLP as general bankruptcy
counsel; JACKSON WALKER LLP as local bankruptcy counsel; CENTERVIEW
PARTNERS LLC as investment banker; and FTI CONSULTING, INC. as
financial advisor.  Prime Clerk LLC is the claims agent.


UNIQUE VENTURES: Plan Admin's $125K Sale of Assets to Damon's OK'd
------------------------------------------------------------------
Judge Thomas P. Agresti of the U.S. Bankruptcy Court for the
Western District of Pennsylvania authorized Albert's Capital
Service, LLC, as Plan Administrator for Unique Ventures Group, LLC,
to sell assets to Damon's East Carolinas for $125,000.

A hearing on the Motion was held on July 21, 2020 at 1:00 p.m.

The sale by Bill of Sale and Assumption and Assignment Agreement of
the assets:

     a. 2003 Workforce Food Truck identified as scheduled items
47.1 and 47.11 in the Debtor's Statement of Financial Affairs and
specifically identified by Vehicle Identification Number
4BKP42R333359570 and 1C9DT08192H376216; and,

     b. the franchise, contract, and intellectual property rights
that were owned by the debtor in the case of Damon's International,
Inc. and Damon's Restaurants, Inc., Case No. 09-27920-JAD, and sold
on June 27, 2014, by the bankruptcy trustee in that case to the
Debtor, Unique Ventures Group, LLC, including, but not limited to,
the following United States Trademarks: (i) "Damon's" (Reg. No.
1,241,615); (ii) "Damon's the Place for Ribs" (Reg. No. 1,395,339);
(iii) "Damon's Grill" (Reg. No. 2,749,525); and (iv) "Great Food
Game Day and Everyday" (Reg. No. 3,410,152).

The sale is free and divested of liens and claims, with such liens
and claims to be transferred to the proceeds of sale.

The following expenses/costs will immediately be paid at time of
closing.  Failure of the Closing Agent to timely make and forward
the disbursements required by the Order with subject the closing
agent to monetary sanctions, including among other things, a fine
or the imposition of damages, after notice and hearing, for failure
to comply with the terms of the Order.

Except as to the distribution specifically authorized, all
remaining funds will be held by the Counsel for Plan Administrator
pending further Order of the Court after notice and hearing:

     a. The costs of local newspaper advertising in the amount of
$696;

     b. The cost of legal journal advertising in the amount of
$474;

     c. An amount equal to forty percent (40%) of the Purchase
Price, not to exceed $50,000, to Ross M. Babbitt, as special
litigation counsel in the adversary proceedings involving DAAGH,
LLC, and Damon's of North America, each of which resulted in the
recovery of the Assets for the benefit of the estate and pursuant
to and is consistent with the terms of special litigation counsel's
engagement by the Plan Administrator;

     d. the remaining amounts will be held by the Plan
Administrator until a final distribution is approved by the Court.


Within seven days of the date of the Order, the Plan Administrator
will serve a copy of the within Order on each Respondent/Defendant
(i.e., each party against whom relief is sought) and its attorney
of record, if any, upon any attorney or party who answered the
motion or appeared at the hearing, the attorney for the debtor, the
Closing Agent, the Purchaser, and the attorney for the Purchaser,
if any, and file a certificate of service.

The Closing will occur within 30 days of the Order becoming final
and non-appealable.

Within seven days following closing, the Plan
Administrator/Plaintiff will file a Report of Sale which will
include a copy of the HUD-1 or other Settlement Statemen.

The stay of the Sale Confirmation Order imposed by Bankruptcy Rule
6004(h) of the Federal Rules of Bankruptcy Procedure is waived.

                      About Unique Ventures

Unique Ventures Group, LLC, based in Pittsburgh, Pennsylvania,
filed a Chapter 11 petition (Bankr. W.D. Pa. Case No. 17-20526) on
Feb. 13, 2017.  Unique Ventures owns 28 Perkins Restaurant &
Bakery
locations in Pennsylvania and Ohio.  Unique may have an interest
in
10 Burger Kings, all in Ohio, through a related entity, according
to a Pittsburgh Business Times report.

The Hon. Thomas P. Agresti presides over the Chapter 11 case.  In
its petition, the Debtor was estimated to have $10 million to $50
million in both assets and liabilities.  The petition was signed by
Eric E. Bononi, receiver, CEO and CRO.

Unique Ventures hired Leech Tishman Fuscaldo & Lampl, LLC, and
RudovLaw as counsel.  It also hired Scott M. Hare, Attorney at
Law,
to provide legal advice on litigation-related issues.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on March 2,
2017,
appointed seven creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case of Unique Ventures
Group, LLC.  The Committee hired Whiteford Taylor & Preston, as
counsel, and Albert's Capital Services, LLC, as financial advisor.

The Acting United States Trustee appointed M. Colette Gibbons,
Esq., as the Chapter 11 Trustee for Unique Ventures Group. The
Trustee is represented by Scott N. Opincar, Esq., and Michael J.
Kaczka, Esq., at McDonald Hopkins, LLC.

On Jan. 24, 2018, the Court confirmed the Second Amended Chapter 11

Plan.



VOYAGER AVIATION: S&P Downgrades ICR to 'CCC+' on Refinancing Risk
------------------------------------------------------------------
S&P Global Ratings lowered all ratings, including lowering the
issuer credit rating on Voyager Aviation Holdings LLC to 'CCC+'
from 'B' and placing them on CreditWatch developing. S&P also
lowered the issue-level rating on the company's senior unsecured
notes to 'CCC-' from 'B-', and revised the recovery ratings to '6'
(0%-10%; rounded estimate: 0%) from '5' (10%-30%; rounded estimate:
10%).

S&P is concerned about Voyager's prospects for refinancing its $415
million senior unsecured notes that mature Aug. 15, 2021. Voyager
has just over one year until its $415 million senior unsecured
notes mature on Aug. 15, 2021. The company has no unencumbered
assets or access to credit facilities unlike other rated aircraft
lessors, many of which have a substantial amount of unencumbered
assets, access to credit facilities, and have recently raised
unsecured debt in the capital markets.

"We note that, to date, Voyager has agreed to a relatively lower
level of lease deferrals from its airline customers than some of
its larger peers. However, we base the rating action on refinancing
concerns rather than concerns related to operational performance,
with our expectation that credit metrics will recover somewhat in
2021 after a weak 2020," S&P said.

S&P's base-case scenario foresees EBIT interest coverage remaining
below 1x in 2020 (0.6x in 2019) before improving somewhat to around
1x in 2021. It expects FFO to debt to decline to the
low-single-digit percent area in 2020 from around 6% in 2019,
before recovering somewhat to the mid-single-digit percent area in
2021.

S&P expects the steep decline in demand for widebody aircraft to
impact the value of Voyager's aircraft. Voyager's fleet consists of
16 passenger and two freighter widebodies. S&P expects shorter haul
travel using narrowbody aircraft will begin to recover sooner than
longer haul international travel flown by larger widebody aircraft,
given the rating agency's expectation that COVID-19 related
restrictions on international travel and passenger aversion to
longer haul flying will remain in place for a longer period. Values
for widebody aircraft have already declined, much more so than for
narrowbody aircraft. S&P therefore believes demand (and therefore
market valuations) for widebody aircraft will remain under pressure
over the foreseeable future.

"We continue to assess Voyager's liquidity as less than adequate.
This reflects our concerns related to the August 2021 debt
maturity. It has no unencumbered assets to use for financing and,
as all aircraft are already pledged to financings, it would use any
proceeds from the sale of aircraft to repay the associated debt
first," S&P said.

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

-- Health and safety

The CreditWatch developing placement reflects concerns regarding
the company's ability to refinance its senior unsecured notes due
August 2021. S&P expects to resolve the CreditWatch when there is
further clarity on the company's refinancing plans.

S&P could lower the ratings if:

-- S&P believes Voyager will be unable to refinance its debt; or

-- S&P expects the company to enter into an exchange offering that
it would view as distressed.

On the other hand, S&P could raise the ratings if:

-- Voyager is able to refinance its notes on satisfactory terms.


WATERS RETAIL: MC Coco's Aug. 21 Auction of All Assets Set
----------------------------------------------------------
Judge Stacy G.C. Jernigan of the U.S. Bankruptcy Court for the
Northern District of Texas authorized the bidding procedures
proposed by MQ Coco Plum, LLC, an affiliate of Waters Retail TPA,
LLC, in connection with the sale of assets to Konover Acquisitions
Corp. for $2.2 million, cash, plus the assumption of Assumed
Liabilities, subject to overbid.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Aug. 18, 2020, at 5:00 p.m. (CST)

     b. Initial Bid: Not less than $2.4 million

     c. Deposit: 5% of the proposed purchase price

     d. Auction: In the event that one or more competitive
Qualified Bids other than that of any Stalking Horse Bidder are
received, the Debtor will conduct an auction to determine the
highest or best bid for the Property beginning at 10:00 a.m. (CST)
on Aug. 21, 2020, via a virtual platform enabling multiple private
rooms for Potential Bidders.

     e. Bid Increments: $100,000

     f. Closing: Oct. 15, 2020

In accordance with and subject to the terms of the Agreement, in
the event that the Debtor (i) closes a transaction to sell the
Property to an entity other than the Stalking Horse Bidder, (ii)
files a plan that does not contemplate the sale of the Property to
the Stalking Horse Bidder, or (iii) fails to close the transaction
contemplated under the Agreement after all conditions to the
Debtor’s obligations to close are met, the Stalking Horse Bidder
will be entitled to $100,000 and be paid from the proceeds of the
closing of such transaction.

In the event the Agreement is terminated under Section 9.1 of the
PSA, the Stalking Horse Bidder will be entitled to the Break-Up
Fee.

A copy of the APA and the Bidding Procedures is available at
https://tinyurl.com/y9goge4t from PacerMonitor.com free of charge.

                    About Waters Retail TPA

Waters Retail TPA, LLC, is a Single Asset Real Estate debtor (as
defined in 11 U.S.C. Section 101(51B)).

Waters Retail TPA, LLC, filed its voluntary petition under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 20-30644) on
Feb. 27, 2020.  In the petition signed by Donald L. Silverman,
manager, the Debtor was estimated to have $1 million to $10 million
in both assets and liabilities.  Vickie L. Driver, Esq. at CROWE &
DUNLEVY, P.C., represents the Debtor.


WORLD ENDURANCE: S&P Withdraws 'B-' Issuer Credit Rating
--------------------------------------------------------
S&P Global Ratings said it has withdrawn its ratings on World
Endurance Holdings Inc., including the 'B-' issuer credit rating,
given that Advance has acquired the company and all rated World
Endurance debt has been repaid or redeemed and its revolving credit
facility has been terminated. At the time of the withdrawal, the
rating outlook on World Endurance was negative, reflecting
significant disruption of revenue and cash flow caused by the
COVID-19 pandemic.



WP CPP HOLDINGS: S&P Affirms 'B-' Rating on First-Lien Debt
-----------------------------------------------------------
S&P Global Ratings revised its recovery rating on WP CPP Holdings
LLC's first-lien debt to '4' from '3' and affirmed its 'B-'
issue-level rating. The '4' recovery rating indicates S&P's
expectation for average recovery (30%-50%; rounded estimate: 45%)
in a default scenario. These actions follow the company's entrance
into a $100 million receivables financing agreement, which S&P
considers a priority claim that will reduce the value available to
the first-lien lenders in a default scenario. S&P's issuer credit
rating on CPP and its issue-level and recovery ratings on its
second-lien debt are unaffected.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- The company's capital structure comprises a $125 million
revolver due 2023, a first-lien term loan (including the delayed
draw facility) with about $1.143 billion outstanding due 2025, a
$356 million second-lien term loan due 2026, and a $100 million
accounts receivables factoring facility (AR; not rated). The AR
facility currently has about $35 million drawn and S&P considers it
a priority claim.

-- Other default assumptions include LIBOR rising to 2.5%, the
revolver is 100% drawn, and the AR facility is 55% drawn at
default.

Simulated default assumptions:

-- Simulated year of default: 2022
-- EBITDA at emergence: $144 million
-- EBITDA multiple: 5.0x

Simplified waterfall:

-- Net enterprise value (after 5% admin. costs): $682 million
-- Valuation split (obligors/nonobligors): 92%/8%
-- Priority claims (AR): $56 million
-- Collateral value available to secured creditors: $656 million
-- Secured first-lien debt claims: $1.298 billion
-- Recovery expectations: 30%-50% (rounded estimate: 45%)
-- Value available to second-lien debt claims: $0
-- Secured second-lien debt claims: $374 million
-- Recovery expectations: 0%-10% (rounded estimate: 0%)

  Ratings List

  Issue-Level Ratings Affirmed; Recovery Rating Revised  
                              To   From
  WP CPP Holdings LLC
   Senior Secured             B-      B-
    Recovery Rating       4(45%)  3(50%)



WPB HOSPITALITY: Aug.11 Plan Confirmation Hearing Set
-----------------------------------------------------
On June 15, 2020, WPB Hospitality, LLC, filed with the U.S.
Bankruptcy Court for the District of Colorado an Amended Disclosure
Statement in support of its Amended Plan of Reorganization.

On June 16, 2020, Judge Elizabeth E. Brown approved the Revised
Amended Disclosure Statement and ordered that:

  * The Debtor and all parties in interest may solicit acceptance
or rejection of the Plan pursuant to 11 U.S.C. § 1125.

  * July 28, 2020 is the deadline for holders of all claims or
interests to submit Ballots accepting or rejecting the Plan.

  * July 28, 2020, is the deadline to file any objection to
confirmation of the Plan.

A copy of the order dated June 16, 2020, is available at
https://tinyurl.com/y9qwp9 from PacerMonitor.com at no charge.

                      About WPB Hospitality

WPB Hospitality, LLC is a single asset real estate company (as
defined in 11 U.S.C. Section 101(51B)) whose principal assets are
located at 16161 E. 40th Ave., Denver, Colorado.

WPB Hospitality sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Colo. Case No. 18-18636) on Oct. 3,
2018.  In the petition signed by Wanda Bertoia, owner, the Debtor
was estimated to have assets of less than $50,000 and liabilities
of $10 million to $50 million.  Judge Elizabeth E. Brown oversees
the case. The Debtor tapped Lindquist-Kleissler & Company, LLC as
its legal counsel and CBRE, Inc. as broker.


[*] Covid-19 Related Closures in Sacramento Rise Up
---------------------------------------------------
Sonya Sorich of the Sacramento Business Journal reports that
COVID-19 related bankruptcy filings and closures in Sacramento hare
starting to to increase.

Retail centers across the Sacramento area are seeing the impact of
COVID-19, as a wide range of businesses close permanently.  Some of
the closures are a result of bankruptcy filings with a local
impact.

San Ramon-based 24 Hour Fitness filed for Chapter 11 bankruptcy,
and attributed the decision to its temporary gym shutdowns due to
shelter-in-place orders to slow the spread of COVID-19.  The
fitness chain is closing more than 130 gyms, including a site at
5114 Arden Way in Carmichael.

In May 2020, the Business Journal reported that the approximately
24,900-square-foot gym space in Carmichael was listed for lease.
The fitness chain has at least 12 other sites in the Sacramento
area.

Fashion retailer J. Crew Group Inc. filed for bankruptcy protection
in May, and it appears that decision could also impact the
Sacramento area.  Two Sacramento-area stores are on a list of J.
Crew's rejected leases, according to a bankruptcy court filing.
Those stores are in Arden Fair in Sacramento, and Fountains at
Roseville. The Roseville location is an outlet store, while the
Arden Fair location has a standard J. Crew format.

The proposed rejection date for both local leases is June 30, 2020.
J. Crew's Madewell subsidiary has a site in Arden Fair and an
upcoming location in the Westfield Galleria at Roseville. Those
stores are not included in the list of rejected leases. J. Crew
closed its stores amid shelter-in-place orders to slow the spread
of COVID-19. The temporary closures exacerbated the company's
existing struggles.

Retail chain Tuesday Morning Corp. filed for Chapter 11 bankruptcy
protection. It plans to close about 230 of its 687 stores in a
phased approach over the summer.  A location at 7440 Laguna Blvd.
in Elk Grove is among the Tuesday Morning stores that are slated to
close, according to a legal filing.

Pier 1 Imports Inc. is also shutting down. The retail chain has
four local stores, in Elk Grove, Roseville, Folsom and near Arden
Fair.

Meanwhile, North Sacramento is losing a notable retailer as well.
The Thrift Town store at 410 El Camino Ave. won't reopen after
closing during Covid-19, operators announced on the retailer's
website.

Operators received federal relief funding through the Small
Business Administration's Paycheck Protection Program while the
stores were closed amid statewide shelter-in-place orders.
"Unfortunately, we do not have the resources available to reopen
our California Thrift Town Stores," the announcement says.

Thrift Town closed two local stores last year, which became
Goodwill locations. At the time, Thrift Town's approximately
21,250-square-foot El Camino Avenue store, which was featured in
the movie "Lady Bird," was listed for lease.

On the local food and drink scene, several locally owned businesses
have said they won't reopen. The pandemic disrupted the local
restaurant industry, when dining rooms closed amid statewide
shelter-in-place orders.

One of the latest closures is Lucille's Coffee Hops & Vine in
Folsom. "We are sadly just another casualty of small businesses
being affected by this pandemic. We wanted to personally thank all
of our amazing staff members that have put their hearts and souls
into Lucille's for the past 2 years. What a special place we
created for our neighborhood," operators of the business wrote on
Facebook.

Lucille's filled 1,500 square feet at 25055 Blue Ravine Road, Suite
100. It served coffee, beer, wine and food. Its owners, Stacey and
Ron Conway, also own Folsom Tap House in the same Raley's-anchored
retail center as Lucille's.

While the specific cause is unclear, it's possible Covid-19 was a
factor in the decision to close Ninja Sushi & Teriyaki in downtown
Roseville. The eatery at 238 Vernon St. has permanently closed,
Roseville city spokesman Brian Jacobson confirmed to the Business
Journal. Operators didn't immediately respond to an email seeking
comment.

Since 2016, Ninja Sushi filled a large, two-story space on Vernon
Street that previously housed two unsuccessful restaurant concepts
in a row, both affiliated with rocker Sammy Hagar.

Two Placerville eateries also announced closures late last week.
Placerville Brewing Co. & Restaurant, which was founded in 2005,
had its final day on Thursday. Let's Poké, a locally owned poke
shop in downtown Placerville, has shut its doors as well.

And it appears multiple factors contributed to the decision to
permanently close two restaurants owned by brothers Matt Haines and
Fred Haines. Bistro 33 in Davis and 33rd Street Bistro in East
Sacramento won't reopen. Facebook announcements from both
businesses attributed the decision to the pandemic "and not being
able to come to lease terms with the new property owner."

The East Sacramento location was initially slated to permanently
close in March, according to the Sacramento Bee. Operators are
apparently looking for a new location in East Sacramento.


[*] Feds Unveil Simplified Application For PPP Loan Forgiveness
---------------------------------------------------------------
Jon Hill of Law360 reports that the Small Business Administration
and U.S. Department of the Treasury in June 2020 released a
simplified version of the application that small businesses must
file to receive forgiveness on their Paycheck Protection Program
loans, a move that comes amid calls to lighten the paperwork burden
facing borrowers.

The agencies' new "EZ" loan forgiveness application clocks in at
just three pages and can be used by self-employed borrowers and
businesses that didn't significantly cut worker wages or salaries
after taking out loans from the $660 billion coronavirus relief
program.

Businesses using the simplified form would also need to have either
kept their employee head counts steady or taken a lasting hit to
their activity levels because of public health restrictions tied to
the COVID-19 pandemic, according to the agencies.

"These changes will result in a more efficient process and make it
easier for businesses to realize full forgiveness of their PPP
loan," the SBA and Treasury said in a statement Wednesday.

The agencies also published an updated version of their existing
forgiveness application to reflect program changes that were
enacted earlier this month to provide borrowers with more
flexibility on how and when they can spend their loan money. The
revised form has been shortened from 11 pages to five, with
instructions now included in a separate document just over six
pages long.

Launched in April, the Paycheck Protection Program offers loans of
up to $10 million apiece to help small businesses cover payroll and
other overhead expenses while they ride out the COVID-19 pandemic.
Those loans can ultimately be forgiven if borrowers show they spent
their funds according to the guidelines of the program and didn't
slash their workforces or wages.

But the loan forgiveness application that the SBA and Treasury
initially put out last month faced criticism from small businesses
and industry groups, which criticized the paperwork involved as too
time-consuming and difficult to complete.

One analysis cited by the Consumer Bankers Association and Bank
Policy Institute suggested a small business might spend anywhere
from 20 to 100 hours on the application and need to hire an outside
expert for help, an investment of time and resources estimated to
be worth $2,000 to $4,000 for each applicant, or roughly 10% to 20%
of the average smaller PPP loan.  

Such criticisms have led the CBA and BPI to call for Congress to
enact automatic forgiveness of PPP loans up to $150,000. That
threshold would cover nearly 86% of all PPP loans but just over a
quarter of all loan dollars, saving tens of millions of hours in
borrower paperwork while costing the government only a minimal
additional amount, the groups argued in a letter to lawmakers
earlier this month.

At a Wednesday hearing, members of the House Small Business
Committee were again urged to consider providing automatic
forgiveness for smaller PPP loans, with one Texas community banker
testifying that obtaining PPP loan forgiveness remains too
troublesome a process for many.

"Even under the simplified applications that were issued this
morning, they're still quite onerous as far as documentation is
concerned," Eduardo Sosa, senior vice president with Commerce
National Bank in Austin, told the committee. "I think a standard
automatic forgiveness at $150,000 would be called for."

Ashley Harrington, director of federal advocacy at the Center for
Responsible Lending, agreed that further simplification of the
forgiveness process is needed, telling lawmakers that the agencies'
new simplified application is still "incredibly burdensome for the
really small businesses."

"We advocate for streamlined automatic forgiveness under $100,000,"
Harrington said. "This will disproportionately serve the really
small businesses. On average, these are businesses that will likely
have 13 or fewer employees, the businesses that we really want to
be able to survive and make it through this crisis."


[*] Less-Known Tools for Struggling Small Firms
-----------------------------------------------
Annette Jarvis, Peggy Hunt, Sarah Goldberg, and John Wiest –
Greenberg Traurig, LLP wrote on the Denver Business Journal an
article titled "The less-known tools for financially distressed
small and mid-size companies":

During these challenging times, many companies find themselves in
difficult financial circumstances. They may face a short-term
liquidity crisis and need to stretch debt payments over a longer
period of time. They may need to substantially restructure their
business or capital structure. They may seek to sell their business
to a buyer with capital to invest in an expansion. Or they may need
to liquidate.

In dealing with either temporary or long-term challenges, the law
provides tools for companies to restructure, recapitalize, stretch
debt payments, sell or liquidate. Most often, businesses think only
of the traditional Chapter 11 bankruptcy option, but other, less
known options may work better, particularly for middle market or
smaller companies.

Chapter 11 bankruptcy, not the only option

A traditional Chapter 11 bankruptcy case is usually the option of
last resort for a financially distressed company. Certain problems
can only be addressed or can be most effectively addressed in
Chapter 11, such as shedding numerous burdensome leases or
executory contracts, effecting certain types of recapitalization,
providing protection for new financing, structuring difficult sales
of the company or its assets, or dealing with numerous lawsuits. If
these types of issues are at the root of the company's financial
problems, a traditional Chapter 11 bankruptcy may be the best
option for a company's survival and for maximizing its value.
However, business leaders should carefully weigh these benefits
against the costs and burdens of a court-supervised procedure and
litigation to accomplish continuation of the business and an
eventual restructuring. Further, whereas Chapter 11 originally gave
companies a prolonged period to recover before they had to
reorganize, changes to the Bankruptcy Code since its enactment in
1978 have shortened the time period companies can remain in the
Chapter 11 process.

When considering whether Chapter 11 is a good option, it's
important to understand that other restructuring options may,
depending on the challenges facing the company, provide better and
more cost-effective tools to address their problems.

An out-of-court workout, if possible, may be an optimal choice for
a company struggling with debt obligations. A workout may
effectively address a temporary liquidity crisis when dealing with
a single or limited number of lenders whose loans are in default,
or when dealing with a limited number of creditors providing
essential services, premises or supplies to the business.

Out-of-court workouts

In an out-of-court workout, a distressed company essentially
renegotiates its creditor agreements with lenders, contracts, or
leases with other creditors to provide temporary or long-term
relief from terms that the company can no longer comply with.
Workouts may involve liquidation of non-essential assets for
paydowns of debt, enhanced credit support, temporary waivers of
enforcement of certain contractual terms, the addition of
contractual terms as a part of a plan to pay creditors over time,
or arranging for alternative financing. Workouts depend on creditor
consent, however, so this option is not always available.

Procedures under the new SBRA

Depending on the amount of debt in question, certain businesses may
qualify to file bankruptcy using what are designed to be less
burdensome and costly procedures under the new Small Business
Reorganization Act (SBRA), which Congress added to the Bankruptcy
Code last year and which went into effect in February of this
year.

Originally enacted with a debt limit of $2,725,625, the CARES Act
temporarily increased the debt limit to $7.5 million as long as the
bankruptcy case is filed on or before March 27, 2021. If a company
does not have non-affiliate debt above $7.5 million, it is eligible
to file under SBRA.

SBRA generally allows for a simplified plan and confirmation
process, a trustee to supervise the plan and its implementation, no
appointed creditors committee, a pathway for owners to retain
equity in the company even if certain creditors cannot be paid in
full, and the opportunity for the company to discharge debts and
get a fresh start in exchange for paying all of its "disposable
income" to its creditors for three to five years.

Receiverships

Federal or state court receiverships provide another restructuring
tool. A supervising court appoints a receiver to take control of a
company's assets and administer them for the benefit of creditors
in accordance with the provisions of its order, the terms of which
are often negotiated by relevant parties.

A receivership can involve supervising a payout plan over time or
the partial or total liquidation of assets or the company.
Creditors may feel more comfortable cooperating with an
independent, skilled professional appointed as a receiver, who can
provide financial reporting and analysis, a fresh and unbiased look
at the assets and value of the company, and strategies for
maximizing that value to both the creditors and the supervising
court. Receivers can effectively oversee a prolonged payout plan
that creditors would not otherwise support, and can assist when the
company’s assets need to be partially or totally liquidated while
the going concern value of the business is maintained.

When the only buyer for a company or its assets is an affiliated
group or entity, receiverships also bring an independent fiduciary
and court supervision into the process to make such a sale work.
Federal court receiverships are preferable if assets extend beyond
a state’s boundary, while state court receiverships can
effectively deal with assets within one state.

Assignments for the benefit of creditors

Assignments for the benefit of creditors (ABCs) may provide tools
similar to a receivership. Colorado's ABC statute is located at a
CRS 6-10-101 et seq. An assignee is selected by the company to take
over the possession and control of the company's assets, to run the
company, and to either supervise a payout plan or sell the company
or its assets for the benefit of the company’s creditors. ABCs
usually cost less than receiverships because they require little or
no court oversight or litigation. Depending on the core issues
leading to the company's financial difficulties, this lack of court
supervision may or may not be beneficial in furthering the
restructuring or sale process.

To effectively use any of these tools, a business leader would need
to involve legal and financial professionals experienced in
assisting a company to analyze the root of its financial problems
and to determine the best strategy and tools for restructuring.

Often companies wait until they run out of cash to seek
professional help. At that point, options to save the entity or
even its value are severally limited. Getting the assistance of
qualified professionals as soon as signs of stress to normal
business and financial operations begin may be the difference
between a successful turnaround or failure. Even if the company
cannot successfully workout its debt or restructure, early
involvement of professionals is important to maximize the value of
the company’s assets for creditors – which may also ultimately
assist principals of the company who have guaranteed the debt.


[*] Retailers Mulling Bankruptcy Should Check CARES Act, Rulings
----------------------------------------------------------------
Sara Chenetz, Tommy Tobin and Carrie Akanaka of Perkins Coie LLP
wrote on Bloomberg Law an article titled "Retailers Considering
Bankruptcy Should Look to CARES Act, Court Rulings":

Retailers hit by the economic downturn are considering bankruptcy
protections. Perkins Coie LLP attorneys say the CARES Act offers
small businesses access to the streamlined Subchapter 5 process and
recent rulings from bankruptcy courts provide cash flow relief for
certain retailers operating under Chapter 11 through deferral of
rent obligations, at least for now.

JCPenney's bankruptcy filing on May 15 is one of the latest in a
string of high-profile retailers, including Neiman Marcus, seeking
bankruptcy protection in the wake of the Covid-19 public health
emergency. Many other retailers may soon follow suit given the
virus' economic consequences and the industry issues many retailers
have long faced.

Fashion, cosmetics, and personal care retailers may be particularly
hard hit as they often rely on in-store experiences for sales.
Experiences like spritzing fragrances, testing creams, running
hands over fabrics are gone in the age of stay-at-home orders, a
stagnating economy, record unemployment, and nearly nonexistent
foot traffic.

However, the Coronavirus Aid, Relief, and Economic Security Act
(CARES Act) and recent bankruptcy rulings may provide retailers,
including small businesses, with much needed relief, albeit in
certain temporary ways.

Filing for Bankruptcy as Sales Fall

Neiman Marcus and JCPenney may be the tip of the iceberg as many
retailers face plummeting sales. According to the Commerce
Department, April retail sales fell by 16.4% year-on-year, far
worse than predicted. Clothing stores were particularly hard hit,
with sales falling 89% from a year ago.

Bankruptcy can provide relief in challenging times for businesses
facing new economic realities. Chapters 7 and 11 are the primary
bankruptcy avenues for businesses. While Chapter 7 involves
liquidation, businesses may reorganize or sell their assets as
going concerns under Chapter 11.

Most often when a retailer commences a Chapter 7 case, it ceases
sales and other operations. Often, liquidation results in the
business’ termination. An appointed trustee takes control of
remaining operations and all assets, which may include accounts
receivable and litigation claims. All proceeds not distributed to
secured creditors are used first to pay the costs of the bankruptcy
process, then to pay other debts, and lastly sometimes to make
distributions to equity holders.

Thinking they can keep their doors open, most household-name
businesses and others commence Chapter 11, which can keep customers
shopping while the business creates and implements a “plan” to
pay off its debts and often restructure its operations.
Benefits of the CARES Act for Small Businesses

The CARES Act has modified previously existing bankruptcy options
to create further potential benefits for small businesses filing
under Chapter 11.

Effective March 27, 2020, the CARES Act temporarily modified the
Small Business Reorganization Act of 2019 (SBRA) to provide certain
businesses a faster, less expensive, and more tailored approach to
Chapter 11. Previously, the SBRA had crafted a streamlined Chapter
11 process referred to by its legislative location, "Subchapter 5."
However, the benefits of this process were limited to debtors with
total secured and unsecured debt up to $2,725,625.

The CARES Act temporarily increased the debt limit for Subchapter 5
to $7.5 million. The result is that substantially more small
businesses will qualify for reorganization under Subchapter 5’s
new debt cap, allowing these businesses to seek to reorganize in
the streamlined fashion that was once only available to companies
under the pre-CARES Act cap.

Some benefits of reorganization under Subchapter 5 include:

  * Streamlined reorganization plan submission and confirmation
process when contrasted with other Chapter 11 cases.

  * Exemption from quarterly trustee fees.

  * Creditors' committees are not appointed, and consequently there
is less administrative cost.

  * No absolute priority rule, and instead unsecured creditors
receive a pro rata share of the business's income over a three- to
five-year period, benefitting existing equity holders.

These changes alone can measurably reduce the time, expense, and
reputational impact of small company Chapter 11 reorganization
efforts. But the CARES Act changes are expected to be available for
a limited time. The temporary increase to Subchapter 5’s debt
limit lasts only for one year from the enactment of the CARES Act,
March 27, 2021. The debt limit will then return to $2,725,625,
unless the nearly tripled debt limit is extended.

Recent Bankruptcy Rulings Support Struggling Businesses During
Covid-19

Once in Chapter 11 bankruptcy, even if not under the streamlined
Subchapter 5 processes, several recent bankruptcy courts have
assisted retailers facing severe cash flow pressure during the
Covid-19 crisis.

Paying rent is one such pressure. Under the Bankruptcy Code,
businesses are generally required to remain "current" on rent in
their commercial leases from the date of the bankruptcy case going
forward, subject to a possible grace period for the first 60 days
of the case.

Yet the bankruptcy court in In Re Pier 1 Imports Inc., relieved the
debtors of their obligation to pay rent on a current basis,
extending the grace period beyond the 60 days.

The court reasoned that the pandemic made it impossible for the
debtors to generate sufficient revenue to pay rent on a current
basis, even after reducing costs. Landlords were entitled to accrue
administrative expenses for unpaid rent, not to current payment of
rent.

The court noted it has not yet decided "whether the
government-mandated closures" might excuse performance "due to
impossibility, impracticability, or frustration of purpose." Not
surprisingly, the landlords have appealed.

Elsewhere, at least two other bankruptcy courts have granted
similar relief. In Re Modell's Sporting Goods Inc., No. 20-14179
(VFP) (Bankr. D.N.J., March 27, 2020); In re CraftWorks Parent LLC,
No. 20-10475 (BLS), Docket No. 217 (Bankr. D. Del. March 30,
2020).

Other retail debtors dependent on in-person customers have likewise
asked for similar rent relief. It is expected that the trend of
debtors requesting, and courts likely granting, such relief will
continue.


[^] BOND PRICING: For the Week from July 20 to 24, 2020
-------------------------------------------------------
  Company                    Ticker  Coupon Bid Price   Maturity
  -------                    ------  ------ ---------   --------
24 Hour Fitness Worldwide    HRFITW   8.000     0.500   6/1/2022
24 Hour Fitness Worldwide    HRFITW   8.000     0.852   6/1/2022
AMC Entertainment Holdings   AMC      5.750    27.372  6/15/2025
Ahern Rentals Inc            AHEREN   7.375    44.325  5/15/2023
Ahern Rentals Inc            AHEREN   7.375    44.097  5/15/2023
America West Airlines
  2001-1 Pass
  Through Trust              AAL      7.100    86.000   4/2/2021
American Airlines 2011-1
  Class A Pass
  Through Trust              AAL      5.250    84.102  1/31/2021
American Airlines 2013-1
  Class B Pass
  Through Trust              AAL      5.625    84.659  1/15/2021
American Energy- Permian
  Basin LLC                  AMEPER  12.000     2.750  10/1/2024
American Energy- Permian
  Basin LLC                  AMEPER  12.000     2.076  10/1/2024
American Energy- Permian
  Basin LLC                  AMEPER  12.000     2.076  10/1/2024
BPZ Resources Inc            BPZR     6.500     3.017   3/1/2049
Basic Energy Services Inc    BASX    10.750    11.876 10/15/2023
Basic Energy Services Inc    BASX    10.750    11.409 10/15/2023
Bon-Ton Department
  Stores Inc/The             BONT     8.000     9.339  6/15/2021
Bristow Group Inc/old        BRS      6.250     5.874 10/15/2022
Bristow Group Inc/old        BRS      4.500     5.875   6/1/2023
Buffalo Thunder
  Development Authority      BUFLO   11.000    50.125  12/9/2022
CBL & Associates LP          CBL      5.250    26.200  12/1/2023
CBL & Associates LP          CBL      4.600    26.239 10/15/2024
CEC Entertainment Inc        CEC      8.000    12.250  2/15/2022
CONSOL Energy Inc            CEIX    11.000    40.024 11/15/2025
CONSOL Energy Inc            CEIX    11.000    39.838 11/15/2025
Caesars Entertainment Inc    CZR      6.000   110.012  9/15/2026
Calfrac Holdings LP          CFWCN    8.500     9.578  6/15/2026
Calfrac Holdings LP          CFWCN    8.500     9.750  6/15/2026
California Resources Corp    CRC      8.000     1.184 12/15/2022
California Resources Corp    CRC      6.000     1.125 11/15/2024
California Resources Corp    CRC      8.000     3.000 12/15/2022
California Resources Corp    CRC      6.000     1.689 11/15/2024
Callon Petroleum Co          CPE      6.250    34.673  4/15/2023
Callon Petroleum Co          CPE      6.125    32.529  10/1/2024
Callon Petroleum Co          CPE      8.250    33.516  7/15/2025
Callon Petroleum Co          CPE      6.125    31.385  10/1/2024
Callon Petroleum Co          CPE      6.125    31.385  10/1/2024
Chaparral Energy Inc         CHAP     8.750    16.000  7/15/2023
Chaparral Energy Inc         CHAP     8.750     8.000  7/15/2023
Chesapeake Energy Corp       CHK     11.500    11.490   1/1/2025
Chesapeake Energy Corp       CHK      5.500     4.875  9/15/2026
Chesapeake Energy Corp       CHK      8.000     5.250  1/15/2025
Chesapeake Energy Corp       CHK     11.500    10.750   1/1/2025
Chesapeake Energy Corp       CHK      7.000     5.250  10/1/2024
Chesapeake Energy Corp       CHK      8.000     5.000  6/15/2027
Chesapeake Energy Corp       CHK      5.750     4.210  3/15/2023
Chesapeake Energy Corp       CHK      4.875     5.063  4/15/2022
Chesapeake Energy Corp       CHK      5.375     5.375  6/15/2021
Chesapeake Energy Corp       CHK      7.500     5.800  10/1/2026
Chesapeake Energy Corp       CHK      8.000     3.500  3/15/2026
Chesapeake Energy Corp       CHK      8.000     4.500  3/15/2026
Chesapeake Energy Corp       CHK      8.000     5.408  1/15/2025
Chesapeake Energy Corp       CHK      8.000     4.584  6/15/2027
Chesapeake Energy Corp       CHK      8.000     4.584  6/15/2027
Chesapeake Energy Corp       CHK      8.000     5.408  1/15/2025
Chesapeake Energy Corp       CHK      8.000     4.500  3/15/2026
DAE Funding LLC              DUBAEE   4.000    99.435   8/1/2020
DAE Funding LLC              DUBAEE   4.000    99.550   8/1/2020
Dean Foods Co                DF       6.500     2.250  3/15/2023
Dean Foods Co                DF       6.500     2.044  3/15/2023
Denbury Resources Inc        DNR      9.000    41.965  5/15/2021
Denbury Resources Inc        DNR      7.750    41.917  2/15/2024
Denbury Resources Inc        DNR      4.625     2.498  7/15/2023
Denbury Resources Inc        DNR      5.500     2.031   5/1/2022
Denbury Resources Inc        DNR      6.375     7.250 12/31/2024
Denbury Resources Inc        DNR      6.375     3.246  8/15/2021
Denbury Resources Inc        DNR      9.250    41.796  3/31/2022
Denbury Resources Inc        DNR      9.000    41.519  5/15/2021
Denbury Resources Inc        DNR      9.250    41.892  3/31/2022
Denbury Resources Inc        DNR      6.375     7.203 12/31/2024
Denbury Resources Inc        DNR      7.500    44.000  2/15/2024
Denbury Resources Inc        DNR      7.750    42.003  2/15/2024
Denbury Resources Inc        DNR      7.500    40.260  2/15/2024
Diamond Offshore
  Drilling Inc               DOFSQ    7.875    11.250  8/15/2025
Diamond Offshore
  Drilling Inc               DOFSQ    4.875    11.500  11/1/2043
Diamond Offshore
  Drilling Inc               DOFSQ    3.450    12.250  11/1/2023
Diamond Offshore
  Drilling Inc               DOFSQ    5.700    11.500 10/15/2039
ENSCO International Inc      VAL      7.200     9.277 11/15/2027
EP Energy LLC / Everest
  Acquisition Finance Inc    EPENEG   7.750    27.500  5/15/2026
EnLink Midstream Partners    ENLK     6.000    38.600       N/A
Energy Conversion Devices    ENER     3.000     7.875  6/15/2013
Exela Intermediate LLC /
  Exela Finance Inc          EXLINT  10.000    24.751  7/15/2023
Exela Intermediate LLC /
  Exela Finance Inc          EXLINT  10.000    24.024  7/15/2023
Extraction Oil & Gas Inc     XOG      7.375    20.500  5/15/2024
Extraction Oil & Gas Inc     XOG      5.625    21.500   2/1/2026
Extraction Oil & Gas Inc     XOG      5.625    21.477   2/1/2026
Extraction Oil & Gas Inc     XOG      7.375    16.050  5/15/2024
FTS International Inc        FTSINT   6.250    28.126   5/1/2022
Federal Home Loan
  Mortgage Corp              FHLMC    1.700    99.617 10/27/2022
Federal Home Loan
  Mortgage Corp              FHLMC    1.750    99.777  1/29/2024
Federal Home Loan
  Mortgage Corp              FHLMC    1.850    99.573 10/29/2024
Federal Home Loan
  Mortgage Corp              FHLMC    1.750    99.396  1/29/2025
Federal Home Loan
  Mortgage Corp              FHLMC    1.400    99.222  7/27/2021
Federal National
  Mortgage Association       FNMA     1.700    99.585  1/30/2023
Federal National
  Mortgage Association       FNMA     1.150    99.436  7/28/2020
Federal National
  Mortgage Association       FNMA     1.250    99.676  7/28/2020
Federal National
  Mortgage Association       FNMA     1.650    99.690  7/31/2020
Federal National
  Mortgage Association       FNMA     1.100    99.670  7/27/2020
Federal National
  Mortgage Association       FNMA     1.200    99.675  7/28/2020
Federal National
  Mortgage Association       FNMA     1.625    99.456  7/30/2020
Federal National
  Mortgage Association       FNMA     1.300    99.677  7/28/2020
Fleetwood Enterprises Inc    FLTW    14.000     3.557 12/15/2011
Forum Energy Technologies    FET      6.250    42.137  10/1/2021
Frontier Communications      FTR     11.000    35.000  9/15/2025
Frontier Communications      FTR     10.500    35.250  9/15/2022
Frontier Communications      FTR      8.750    32.250  4/15/2022
Frontier Communications      FTR      7.125    30.184  1/15/2023
Frontier Communications      FTR      7.625    30.000  4/15/2024
Frontier Communications      FTR      6.875    29.400  1/15/2025
Frontier Communications      FTR      6.250    31.000  9/15/2021
Frontier Communications      FTR      9.250    31.000   7/1/2021
Frontier Communications      FTR     11.000    34.582  9/15/2025
Frontier Communications      FTR     11.000    34.582  9/15/2025
Frontier Communications      FTR     10.500    34.495  9/15/2022
Frontier Communications      FTR     10.500    34.495  9/15/2022
General Electric Co          GE       5.000    81.750       N/A
Goldman Sachs Group Inc/The  GS       1.901    98.219   8/6/2020
Goodman Networks Inc         GOODNT   8.000    19.875  5/11/2022
Great Western Petroleum
  LLC / Great Western
  Finance Corp               GRTWST   9.000    59.885  9/30/2021
Great Western Petroleum
  LLC / Great Western
  Finance Corp               GRTWST   9.000    61.856  9/30/2021
Grizzly Energy LLC           VNR      9.000     6.000  2/15/2024
Grizzly Energy LLC           VNR      9.000     6.000  2/15/2024
Guitar Center Inc            GTRC     9.500    72.025 10/15/2021
Guitar Center Inc            GTRC     9.500    72.291 10/15/2021
Hertz Corp/The               HTZ      6.250    37.000 10/15/2022
Hertz Corp/The               HTZ      7.000    22.988  1/15/2028
Hi-Crush Inc                 HCR      9.500     3.449   8/1/2026
Hi-Crush Inc                 HCR      9.500    10.579   8/1/2026
High Ridge Brands Co         HIRIDG   8.875     2.000  3/15/2025
High Ridge Brands Co         HIRIDG   8.875     2.000  3/15/2025
HighPoint Operating Corp     HPR      7.000    25.194 10/15/2022
HighPoint Operating Corp     HPR      8.750    25.248  6/15/2025
International Wire Group     ITWG    10.750    81.280   8/1/2021
International Wire Group     ITWG    10.750    81.280   8/1/2021
J Crew Brand LLC / J Crew
  Brand Corp                 JCREWB  13.000    50.500  9/15/2021
JC Penney Corp Inc           JCP      6.375     0.625 10/15/2036
JC Penney Corp Inc           JCP      8.625     0.625  3/15/2025
JC Penney Corp Inc           JCP      5.875    38.970   7/1/2023
JC Penney Corp Inc           JCP      7.400     0.570   4/1/2037
JC Penney Corp Inc           JCP      7.625     0.950   3/1/2097
JC Penney Corp Inc           JCP      5.875    32.000   7/1/2023
JC Penney Corp Inc           JCP      8.625     2.500  3/15/2025
JC Penney Corp Inc           JCP      7.125     0.654 11/15/2023
Jonah Energy LLC / Jonah
  Energy Finance Corp        JONAHE   7.250    19.566 10/15/2025
Jonah Energy LLC / Jonah
  Energy Finance Corp        JONAHE   7.250    16.243 10/15/2025
K Hovnanian Enterprises Inc  HOV      5.000    11.000   2/1/2040
K Hovnanian Enterprises Inc  HOV      5.000    11.000   2/1/2040
LSC Communications Inc       LKSD     8.750    12.250 10/15/2023
LSC Communications Inc       LKSD     8.750     2.875 10/15/2023
Lexicon Pharmaceuticals Inc  LXRX     5.250    61.311  12/1/2021
Liberty Media Corp           LMCA     2.250    48.250  9/30/2046
Lonestar Resources America   LONE    11.250    13.143   1/1/2023
Lonestar Resources America   LONE    11.250    13.088   1/1/2023
MAI Holdings Inc             MAIHLD   9.500    16.093   6/1/2023
MAI Holdings Inc             MAIHLD   9.500    16.093   6/1/2023
MAI Holdings Inc             MAIHLD   9.500    16.093   6/1/2023
MF Global Holdings Ltd       MF       6.750    15.625   8/8/2016
MF Global Holdings Ltd       MF       9.000    15.625  6/20/2038
Martin Midstream Partners
  LP / Martin Midstream
  Finance Corp               MMLP     7.250    77.008  2/15/2021
Martin Midstream Partners
  LP / Martin Midstream
  Finance Corp               MMLP     7.250    79.406  2/15/2021
Martin Midstream Partners
  LP / Martin Midstream
  Finance Corp               MMLP     7.250    79.406  2/15/2021
Mashantucket Western
  Pequot Tribe               MASHTU   7.350    15.625   7/1/2026
McClatchy Co/The             MNIQQ    6.875     2.500  3/15/2029
McClatchy Co/The             MNIQQ    6.875     1.976  7/15/2031
McClatchy Co/The             MNIQQ    7.150     1.519  11/1/2027
Men's Wearhouse Inc/The      TLRD     7.000     3.630   7/1/2022
Men's Wearhouse Inc/The      TLRD     7.000     4.876   7/1/2022
Murray Energy Corp           MURREN  12.000     0.635  4/15/2024
Murray Energy Corp           MURREN  12.000     0.635  4/15/2024
NWH Escrow Corp              HARDWD   7.500    46.412   8/1/2021
NWH Escrow Corp              HARDWD   7.500    46.412   8/1/2021
Nabors Industries Inc        NBR      0.750    28.000  1/15/2024
Neiman Marcus Group LLC/The  NMG      7.125     8.500   6/1/2028
Neiman Marcus Group
  LTD LLC / Neiman Marcus
  Group LLC / Mariposa
  Borrower / NMG             NMG      8.000     7.000 10/25/2024
Neiman Marcus Group
  LTD LLC / Neiman Marcus
  Group LLC / Mariposa
  Borrower / NMG             NMG     14.000    29.500  4/25/2024
Neiman Marcus Group
  LTD LLC / Neiman Marcus
  Group LLC / Mariposa
  Borrower / NMG             NMG      8.750     3.312 10/25/2024
Neiman Marcus Group
  LTD LLC / Neiman Marcus
  Group LLC / Mariposa
  Borrower / NMG             NMG      8.000     6.578 10/25/2024
Neiman Marcus Group
  LTD LLC / Neiman Marcus
  Group LLC / Mariposa
  Borrower / NMG             NMG     14.000    28.870  4/25/2024
Neiman Marcus Group
  LTD LLC / Neiman Marcus
  Group LLC / Mariposa
  Borrower / NMG             NMG      8.750     5.422 10/25/2024
Neiman Marcus Group Ltd LLC  NMG      8.750    53.625 10/15/2021
Neiman Marcus Group Ltd LLC  NMG      8.000    58.526 10/15/2021
Neiman Marcus Group Ltd LLC  NMG      8.000    58.526 10/15/2021
Neiman Marcus Group Ltd LLC  NMG      8.750    53.625 10/15/2021
Northwest Hardwoods Inc      HARDWD   7.500    35.000   8/1/2021
Northwest Hardwoods Inc      HARDWD   7.500    34.244   8/1/2021
OMX Timber Finance
  Investments II LLC         OMX      5.540     1.660  1/29/2020
Oasis Petroleum Inc          OAS      6.875    17.357  3/15/2022
Oasis Petroleum Inc          OAS      6.875    17.562  1/15/2023
Oasis Petroleum Inc          OAS      2.625    11.000  9/15/2023
Oasis Petroleum Inc          OAS      6.250    16.913   5/1/2026
Oasis Petroleum Inc          OAS      6.500    16.985  11/1/2021
Oasis Petroleum Inc          OAS      6.250    16.913   5/1/2026
Omnimax International Inc    EURAMX  12.000    82.250  8/15/2020
Omnimax International Inc    EURAMX  12.000    82.768  8/15/2020
OneMain Finance Corp         OMF      8.250   102.396 12/15/2020
Optimas OE Solutions
  Holding LLC / Optimas OE
  Solutions Inc              OPTOES   8.625    50.500   6/1/2021
Optimas OE Solutions
  Holding LLC / Optimas OE
  Solutions Inc              OPTOES   8.625    48.366   6/1/2021
PHH Corp                     PHH      6.375    60.396  8/15/2021
PRA Group Inc                PRAA     3.000    99.750   8/1/2020
Party City Holdings Inc      PRTY     6.625    14.632   8/1/2026
Party City Holdings Inc      PRTY     6.125    15.432  8/15/2023
Party City Holdings Inc      PRTY     6.625    15.358   8/1/2026
Party City Holdings Inc      PRTY     6.125    16.907  8/15/2023
Peabody Energy Corp          BTU      6.000    62.305  3/31/2022
Pride International LLC      VAL      7.875     5.288  8/15/2040
Pyxus International Inc      PYX      9.875     6.500  7/15/2021
Pyxus International Inc      PYX      9.875     5.530  7/15/2021
Pyxus International Inc      PYX      9.875     5.530  7/15/2021
Renco Metals Inc             RENCO   11.500    24.875   7/1/2003
Revlon Consumer Products     REV      5.750    45.328  2/15/2021
Revlon Consumer Products     REV      6.250    17.475   8/1/2024
Rolta LLC                    RLTAIN  10.750     6.483  5/16/2018
SESI LLC                     SPN      7.125    39.983 12/15/2021
SESI LLC                     SPN      7.125    37.192 12/15/2021
SESI LLC                     SPN      7.750    35.604  9/15/2024
SanDisk LLC                  SNDK     0.500    84.739 10/15/2020
Sears Holdings Corp          SHLD     6.625     9.000 10/15/2018
Sears Holdings Corp          SHLD     8.000     1.185 12/15/2019
Sears Holdings Corp          SHLD     6.625     5.551 10/15/2018
Sears Roebuck
  Acceptance Corp            SHLD     7.500     0.671 10/15/2027
Sears Roebuck
  Acceptance Corp            SHLD     7.000     0.515   6/1/2032
Sears Roebuck
  Acceptance Corp            SHLD     6.750     0.673  1/15/2028
Sears Roebuck
  Acceptance Corp            SHLD     6.500     0.636  12/1/2028
Sempra Texas Holdings Corp   TXU      5.550    13.500 11/15/2014
Summit Midstream Partners    SMLP     9.500    14.875       N/A
Tapstone Energy LLC /
  Tapstone Energy
  Finance Corp               TAPENE   9.750     0.723   6/1/2022
Tapstone Energy LLC /
  Tapstone Energy
  Finance Corp               TAPENE   9.750     0.723   6/1/2022
Teligent Inc/NJ              TLGT     4.750    39.560   5/1/2023
TerraVia Holdings Inc        TVIA     5.000     4.644  10/1/2019
Tesla Energy
  Operations Inc/DE          TSLAEN   3.600    98.474   8/6/2020
Transworld Systems Inc       TSIACQ   9.500    26.956  8/15/2021
Ultra Resources Inc/US       UPL     11.000     5.500  7/12/2024
Ultra Resources Inc/US       UPL      7.125     0.250  4/15/2025
Ultra Resources Inc/US       UPL      7.125     0.854  4/15/2025
Unit Corp                    UNTUS    6.625    13.050  5/15/2021
Voyager Aviation Holdings
  LLC / Voyager Finance Co   VAHLLC   8.500    72.340  8/15/2021
Voyager Aviation Holdings
  LLC / Voyager Finance Co   VAHLLC   8.500    72.976  8/15/2021
Whiting Petroleum Corp       WLL      6.625    19.000  1/15/2026
Whiting Petroleum Corp       WLL      5.750    19.500  3/15/2021
Whiting Petroleum Corp       WLL      6.250    18.750   4/1/2023
Whiting Petroleum Corp       WLL      6.625    20.219  1/15/2026
Whiting Petroleum Corp       WLL      6.625    20.219  1/15/2026
Windstream Services LLC /
  Windstream Finance Corp    WIN      7.500     5.000   6/1/2022
Windstream Services LLC /
  Windstream Finance Corp    WIN     10.500     5.000  6/30/2024
Windstream Services LLC /
  Windstream Finance Corp    WIN      9.000     4.738  6/30/2025
Windstream Services LLC /
  Windstream Finance Corp    WIN      6.375     2.121   8/1/2023
Windstream Services LLC /
  Windstream Finance Corp    WIN      6.375     5.000   8/1/2023
Windstream Services LLC /
  Windstream Finance Corp    WIN      8.750     2.750 12/15/2024
Windstream Services LLC /
  Windstream Finance Corp    WIN      9.000     1.292  6/30/2025
Windstream Services LLC /
  Windstream Finance Corp    WIN     10.500     4.990  6/30/2024
Windstream Services LLC /
  Windstream Finance Corp    WIN      8.750     1.445 12/15/2024



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2020.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
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are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

                   *** End of Transmission ***